 The following is a presentation of TFNN. The Morning Markets Kickoff with your host, Tommy O'Brien. This is Jacob Schrupp filling in for Tommy O'Brien. The sun is out, the allergies are killing me, and that means it is time for the Morning Market Kickoff. Let's take a look at what we got going on pre-market right now. The ES mini up about 0.21%, the Russell up about 0.57%. Let's take a look at the ES mini right now. People are looking at a gap down coming in pretty soon. Of course, we'll talk a little bit today, but a lot of the Fed chairs are saying that we might not even get a cut this year, or that if inflation remains sticky in a sense, that we might see one more rate increase. You know, this goes against kind of what this whole philosophy in the market is currently, which is we're going to get a great cut, so let's price, you know, two or three in. And, you know, that's not some random thing to market. I mean, you did have the Fed talking about that a little bit earlier in the year. Let's take a look at the gold contract trading at 2,350, making all-time highs in the gold. And as I've been learning from Tim Ward and Tom O'Brien, that you can kind of almost see like decade highs and runs in gold when it does this. And it was a sleeping giant for quite a while. So it's waking up and we'll see what we can get out of it. Any significant pullback would obviously just be a point of buying. You know, if these analysis are correct, I mean, you take a look at so much nothing going on in the gold market for so long. And it was going to silver. Silver is just really knocking it out. We're at 1.75% before the open, trading just under $28 on the contract and then copper. Yes. Yes, 430. Love that. We were looking at what, 407? Sometime last week. Just a fantastic move in copper as well. Now crude oil. We are inching higher with it, trading about 86, 76 on the contract. Of course, that is due to OPEC cuts. In my opinion, I don't know if this is really tensions in the Middle East in any way. I just think I, the more and more that I read about it and the more that I think about it, I tend to think these are like essentially political vehicles, right? These kind of production cuts. And so it means to be seen what Saudi Arabia decides to do. I know OPEC is more than just Saudi Arabia, but Saudi Arabia is so influential and obviously produces so much more oil than the rest of the components. Let's look at the bonds. Obviously rates are still pretty high. I think we're at 4.5 in the 10 year. We're looking at the 30 year right now. This is the 10 year currently, trading at 109.07. Of course, this is back down from around like 110 that we were trading at 111. Tesla up 2.3%. They're taking a pivot and this is a major thing that Musk had spoken about, but we're also seeing it develop in, excuse me, manifest in companies like Ford as well, which we're going to speak about. And this is really how do you compete with China in low production costs of EVs? And really the answer is you can't. The West cannot replicate that with our current model. And you know, I don't see anything bar like a pretty disastrous switch of events leading us to producing anything that cheap, right? So you have Ford essentially suspending new EV developments waiting for the market to mature and you have Tesla saying we're not going to try to pursue these cheap EVs anymore, right? So they're seeing themselves as kind of, I suppose, focusing on more luxury lines, which is fine. And I would suppose the way that you should pivot with that and really if anyone knows how to kind of navigate the EV market, I would suppose it's a company that's been in it before really anyone else. Of course, you have companies like Fisker and stuff like that, but I mean, Tesla is the real one that brought it to any kind of commercial sale. Still Dynamics trading at 147, 27, just a constant move higher, of course, big volume on the gap up. Not necessarily a gap, but a large bar to the upside. And then as we see consistently, just lower volume inching up. We take a look at kind of anything else it does, right? So let's see, you have high volume. Let's see if we can get a day where we kind of just move up. I mean, you know, you get high volume on these tick ups and then you come back down and test it. This is, you know, it's hard to see a trading pattern. I have to look a little bit closer on this. Again, the trading pattern that we had going for quite a while and it was profitable. It was when I was playing as you had this trade from really like 100 to 110 and it kept balancing to and fro, right? And so that was pretty nice. But this is what it tends to do in general. You get, you know, high volume moving up and then no volume whatsoever, kind of a retrace to maybe like a fraction of what it was when it got up and then we keep going higher in steel dynamics. It is a cool stock to look at. Dollar trading at 104, 27. A lot of the relational behavior between bonds, gold, the market, the dollar, it seems to be suspended almost for a short time, right? There's like a disjointment in a sense, right? Usually you have a higher dollar, you have a lower market, right? If you were not seeing that, usually when you have a high dollar, you have lower metals. We're also not seeing that, right? Now, of course, the global economy is not just America, right? You have a lot of purchasing power, excuse me. Yeah, you have a lot of purchasing of essentially like gold and other kind of metals from China. Their holiday spending has exceeded pre-pandemic levels. And so they're recovering a little bit from some of the economic issues you were having earlier this year. Regardless, it is seeing like these kind of relations are just suspended for a short time. And I'm sure they will go back to what it normally is with the QQQ trading at 442. Google at 154. Anyways, the point is the market isn't open yet. We'll talk a little bit about Celsius. They're deciding being to expand into Europe. They're not going with PepsiCo with another company, which is actually unique. However, Celsius is super interesting to me. When I go into the grocery store, go in anywhere, gas stations, convenience markets, whatever it is, they are so just prominent, right? You walk in and it is the first thing you see. And it's been that way for quite an extended period of time. You've had this issue with energy brands, energy drink brands, where they target basically like young males, right? I mean, you have Monster. You had, let's just take the originals, right? Monster, you had Red Bull. Red Bull went with them more, you know, maybe upper class or kind of give me one second here. Let me put that out. Kind of crowd, you know, they obviously host kind of like Red Bull sports events and everything, which is very neat, right? So this kind of fast moving, do-it-yourself kind of deal. Monster was definitely just for kind of like the common person. And, you know, you had Bang Energy, which was hitting Gen Z pretty hard and kind of like the Jimbrough culture of banks. So the question is, how do we tap the rest of the market? And, you know, really also, how do we get into having women purchase our product, right? Because it's, you know, half of the consumer. And Celsius has done such a good job of doing this. Every woman that I know that drinks, energy drinks, is Celsius. And I don't, I'm not saying that it's just like a, it is a broad statement, but it's accurate, right? I mean, no one in that demographic is drinking Red Bull, monsters, bang, it doesn't exist. Bang for a little bit with the Jim kind of angle, but really it's Celsius. They're dominant. They have different product lines now, which I think was huge for them. And they're now expanding heavily into Europe and the rest of the world. I think the company is really interesting and it, you know, rings to be seen. I would say doing a fundamental analysis on this would be kind of interesting. Folks stay tuned. We'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, Educating Investors. In the world of trading, only a few names stand out like Larry Pesavento, a pros pro with over 50 years of experience. Larry has seen it all. A former Chicago Mercantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 24-7, Larry Pesavento's daily trading service that turns the complexity of markets into opportunities. Published every Sunday, receive a comprehensive report packed with detailed commentary, charts, and videos that illuminate the patterns shaping the markets with updates throughout the week exclusively for subscribers. Whether through charts or videos, Larry's analysis is your roadmap to navigating the markets. You can sign up now at TFNN.com for just $97 and with all TFNN newsletters backed by a 30-day money-back guarantee, you have nothing to risk. For all the details, visit TFNN.com. You'll find Fibonacci 24-7 right under the Newsletters tab. TFNN has launched the Tiger's Den. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tiger's Den available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market newsletter, Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money back guarantee so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 Days Risk-Free Today. TFNN, Educating Investors. This portion of the morning market kickoff is brought to you by Direction's Daily Leveraged and Inverse ETFs. Whether you're a bull or a bear, you choose the direction. Visit Direction.com Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day. Before investing, carefully consider a fund's investment objective, risk, charges and expenses contained in the prospectus available at Direction.com. Read carefully. Distributor, Four Side Fund Services, LLC. Folks, Jacob Shoup filling in for Tom O'Brien. If anyone can transport me a coffee or something, that'd be awesome. Let's take a look at what I'm looking at right now. I'm going to move this over here so that we get a new tab. Fall in with me on this, okay? We're going to go to TFNN.com, all right? Wait for that to load and then we're going to go to Services. Now, right here, it's going to be on the front page soon here, okay? And once you take a look here, this is live. This is a new service that we're actually having, okay? And this is actually really interesting. If you guys have attended Larry's webinars before, you know he does live trading. Awesome to watch. Very insightful, profitable, all these kind of things. Right now, we're looking at live trading Fridays with Larry Pesevento, okay? So every second and fourth Friday of the month, we're going to join Larry for live trading, okay? This is from 9 a.m. to noon Eastern time, okay? So second and fourth Friday of the month, 9 a.m. to noon Eastern time, okay? This is going to be in the den. If you're not in the den, this is the reason to get in there. If you're in the den, I mean, it is so seamless. You don't have to do anything except sign up, okay? And we take care of the rest here, right? This is 295 a month, okay? And for the first month, what you're going to do is you're going to go here on the promo code. If you already have an account, click here. You know, don't fill this whole thing in because it won't work. You're going to go to already have an account. You're going to log in here. And then when you're ready to check out, you're going to put LarryLive right there. You hit add code. That's going to take you, that's going to 50 bucks off, okay? It's going to be 245 a month for that. It is, I can't wait, okay? So we're starting one this Friday. It's going to be fantastic. And yeah, I hope to see you all guys there. If you have any questions, you know, just send me an email to tfnn.com. You can call me as well. Super seamless, okay? One of the things I want to say too on it, you know, since we're doing this through Discord, I don't get this often at all, but maybe like once or twice or three times. If you've been in the den for whatever reason, you stop using it. I really suggest getting back in, okay? I'll move this over here quickly. I don't know what this is going to do for screen share. But if you're having issues or anything like that, maybe you don't like notifications or whatever in the Discord, which I understand. I have a help center right here. You click that. I have videos. I have, this is basically my most frequently asked question is how to turn off notification settings, right? Don't let stuff like that dissuade you from being in something that is so amazing as a den. I mean, look at this, right? I mean, this is even market open and we're in here talking since 6 a.m., okay? This is a fantastic, fantastic service that we have. So anyways, that's right. Get ready for Larry Live. That is going to be live trading Fridays. Anyways, let us move on just a tad. I want to talk about Ford quickly in one moment. I believe Saw posted this in the den too, which is funny because I wanted to speak about it, okay? Take a look at Ford cracking down a little bit. All right. They're going to cease any new development of EVs or still producing their lines and everything, right? But essentially, their major fear is they don't know where they fit in, right? And you can even see this with Tesla trying to figure out really where they fit in. Tesla has cut any plans for a cheaper EV. They're going to leave that to companies over in China, which I think is the most logical thing to do, right? Because we can't produce on similar levels as the Chinese. But I would also say in the same vein is that currently the capacity of China isn't geared towards luxury and higher quality goods, right? So these are like cheaper mass produced goods. And that's kind of where you see, like, the advantages laying on the global economy. So some basic facts right here. Ford Motor Company essentially lost 4.7 billion from its Model E unit. This is obviously their EV unit. The 4.7 billion in 2023 was rough. It's going to get worse. And the management is expecting to reach over 5 billion loss in 2024. All right, so they're updating a little bit, okay? Ford Management announced plans for the Model E unit to reach profitability before taxes by late 2026 and even reaching 8% pre-tax profit margins. Fortunately, essentially demands is stalling, you know? So these were kind of figures that they were pushing a little bit before we had a massive shake up at the EV market globally. Ford's is expanding its hybrid electric vehicle strategy. Ford plans become more flexible and offer hybrid powertrains across its entire Ford Blue, which is its gasoline vehicle business. And that should be by the end of the decade, which I think is an interesting approach, right? Because in a sense, what you fear is you dump a bunch of money into research and development, right? Into a wing that's not going to be profitable and they don't know where it's going currently. Whereas hybrid vehicles you can still sell to traditional consumers, right? They're not purely EV. Of course, there is still a component to EV in it. But in a way, it's kind of like real-time like war gaming, right? Like you're not just focusing strictly on EV, but you have your, you know, R&D team still looking at it in some capacity and it can still generate some income. I actually think that's a very smart move by Ford. Another takeaway is that while Ford works on introducing hybrid options across the traditional vehicle lineup, they'll be working on the next generation EVs. Now that part is off the table currently. They're going to wait again for more development to come through. Regardless, I think to watch Ford, man, you know, it's kind of rough to say, right? I mean, they're losing tons and tons of money. Now, if they stop massive investments into EV, which it seems like they're going to slow down at least and this is just to cut losses, I think the stock can go up a little bit because of it. And that's a weird voodoo thing in the market right now. But regardless, that's kind of what we're looking at with Ford and really the EV market as a whole. China is going to continue to smash this. I have no doubt in my mind whatsoever about it. Speaking of that, let's take a look at this article. Yellen actually went over to China, which is neat. Oh, it's something to keep in mind too. There's not really a little, you know, it's not much to develop on, but the Chinese run essentially like an EV seminar every year. I think last year is in Germany or something like that, but it will be in San Francisco this year, which is pretty cool. Obviously massive Chinese-American community there and China continues to show that area love regarding speeches that they have there. So I would stay tuned for that to kind of see, you know, what their plan is. Anyways, the headline for this is US will not accept Chinese imports, decimating new industries. Which I think is interesting, right? So Secretary Janet Yellen warned China on Monday that Washington will not accept new industries being decimated by the Chinese imports as she wrapped up four days of meetings to press her case for Beijing to rein in excess industrial capacity. Yellen told the press conference that Joe Biden would not allow a repeat of the China shock of the early 2000s when a flood of Chinese imports destroyed about 2 million American manufacturing jobs. She did not threaten new tariffs or other trade actions should Beijing continue its massive state support for electric vehicles, batteries, solar panels, and green energy goods. And you know, really, this is... It's this new, like, gentle fist kind of strategy you have to have globally, right? And the Chinese do the same thing, too. We sit out there and force tariffs and do this. They'll retaliate as well. Folks, stay tuned. We'll be right back. Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing. Whether you're starting out or scaling up, TFNN empowers traders and investors of all skill levels with top-notch investing systems, strategies, and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFNN, we bring the trading floor to you. Our seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1 and follow us on YouTube and become part of our vibrant community. And remember, at TFNN, we're so confident in the value we provide that we offer a 30-day money-back guarantee on all new premium newsletter subscriptions and services. You have absolutely nothing to risk, so why wait? Tune in live to Tiger TV and transform your trading journey because when you know better, you invest better. Join us and experience the difference today. TFNN Educating Investors If you spend any time online researching trading techniques on how to begin your trading journey, you've no doubt come across many folks who push forex trading as a way to make big money quickly. Unfortunately, there are equally as many stories of these so-called forex professionals just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the forex market. This is what sets Teddy Keckstatt's The Tiger Forex Report off the riffraff. Every Monday, former Chicago Mercantile Exchange member and author Teddy Keckstatt releases his Tiger Forex Report newsletter where he dives into the complex world of forex and takes time to actually teach you his methods that have made him so successful in the fast-paced and rewarding world of forex trading. Furthermore, all subscribers receive access to archived livestreams of Teddy's where he provides university-level education to help you in forex trading. All first-time subscribers receive a 30-day money-back guarantee. So what are you waiting for? Forex Awaits The stock market is a delicate, interconnecting web of commodities, equities, and trader psychology. When one string of the web is pulled, it has a ripple effect across the broader market. This is where opportunity lies. But how are you to gather all of this information into one cohesive model when you're already spending your energy looking for any possible trade opportunities? Luckily, you don't have to worry about that. As Tom O'Brien has brought all important market news to you in one single newsletter, Market Insights. Market Insights provides a daily overview of what's happening in the indexes, bonds, gold, and more. Follow along with Tom daily as he analyzes the components that affect the overall movement of the stock market, giving insight into how each one plays either a bullish or bearish role. Tom also analyzes specific equities that he believes has the potential to make huge returns, and his track record proves his analysis right. All first-time subscribers receive a 30-day money-back guarantee. So what are you waiting for? Don't let the market leave you in the dust. Welcome back, folks. Jacob Shoup filling in for Tom O'Brien. I'm going to move on with my last statement on this. Look at Tesla 168. I was just looking at... Yeah, let's see here. See, this is wild, I think, right? So Tesla's cheapest model is about $40,000. Honestly, I feel like a lot of new cars are close to that anyway. And then they're essentially scrapping plans for Model 2, which is about to be $25,000 for the family. Obviously, that kind of tumbled sales. Anyways, they also had... They had the robo-taxi. Here's the thing, though. I think they're going to cut that, to be quite honest. Their major focus, in my opinion, is going to be these more luxury vehicles. And it'll just be selling data. The companies that want to do it. Anyways, let's move on here. I want to talk a little bit about what the Fed's saying, right? So we had an insane job report. Okay? It seems like the economy just wants to keep its workers. Right? I think we're at a really, again, pivotal kind of time in this kind of monetary theory, a really economic theory in general. And I kind of wonder if... You know, the plans of the Fed, which has traditionally been increased unemployment, is going to work anymore. Now, of course, a lot of this was supply side and not really demand side, so they were trying to artificially affect supply side by decreasing demand. But, you know, from the job reports in March, it seems like that's not really working. Now, you had some talk with Fed, excuse me, with Powell, saying that the decrease rates anyways, regardless of a job report, and I think this is more theoretical, and I'm going to foam and come out. Well, first, let's start with with cash carry. Okay? So cash carry says there is a possibility of no rate cuts this year. Okay? So I'm going to quote him here, here's in March I had jotted down two rate cuts this year if inflation continues to fall back towards the 2% target. This is from Thursday. If we continue to see inflation moving sideways, and that would make me question whether we need to do those rate cuts at all. We said we need to see more progress on prices to gain confidence that they're moving towards the target 2% rate before lowering borrowing costs. Because if we have a run rate that's attractive, people have jobs, businesses are doing well, inflation's coming down, why do anything at all interesting concept. However, I think a lot of this strong rally is coming from a multiple price cuts actually pricing it. Okay? And then, cash carry votes on this anyway. So, then you have Fed Governor Bowman, and she says additional rate hikes could be needed if inflation stays high. So Michelle Bowman on said Friday that possible interest rates may have to move higher to control inflation rather than the cuts her fellow officials have indicated are likely in the market is expecting. While it's not the baseline outlook, she continues to see the risk that at future meeting we may see an increase, excuse me, need to increase the policy rate further should progress on inflation install or even reverse. And I think, you know, I'm interested to see what goes on at least the next upcoming CPI report, because I do think it will be a little bit higher. I think some of that, a lot of that probably will be from volatile goods like food and gas. But regardless, I think that has a psychological effect as well. Let's take a look right now because we're at market open minutes past the open. You have the ESMini up 0.09%, so sideways there with the Russell up 0.73%, NQs again sideways as well. The Dow futures up 0.12%. The Gold contract is 2,351 and 80 cents right now trading down a little bit to 60 cents, but we're up 0.26 from the open. Silver, 2782 up 1.2% really rock in this morning. Copper as well. I mean look at that contract again guys it's $4.30. I love it. Crude oil continues to march higher. This is a light sweet crude oil futures at $87.05. We are at $86.00 something pre-market. Let's take a look at the dollar, staying strong at $104.21, but seems to want to stay in this $104.00 to $105.00 area. It's dual dynamics up a little bit on the open at $148.37. Apple off a little bit, Disney off Disney down a little bit from last week trading at $117.83 regardless love to see it for that stock. Let's take a look at Bristol Myers squib just a little bit. I can get everything loaded in one second. Regardless, okay let's take a look right now. So Bristol Myers squib down a little bit essentially one of the big things that people are looking at is and this is I'm gonna I'm gonna kind of talk about it just a little bit, but they have a new schizophrenia drug, right? It's doing pretty well getting passed. One of the major issues with schizophrenia drugs is that they cause weight gain. Bristol Myers acquired a company sometime last year for quite a lot of money and this seems pretty hopeful. What I want to talk about and it's not so much with that drug or Bristol Myers squib in general and it's something that I learned not recently but like maybe in the past like two years but it's that usually if a drug doesn't pass so you put a drug up for FDA testing for a certain reason, right? And if it doesn't perform that way even if it has other benefits it gets shelved entirely because the amount of money invested into pass it is so high and I think that's crazy and I never heard about that. Anyways, let's take a look at this a little bit more. Bristol Myers squib acquired CAR XT that was a $14 billion deal last year long-term data of the drug reinforced the findings that we're seeing in previous short-term studies did reduce disorders and did not have the common weight gain with antipsychotics that you see. Let's see here in a year follow-up the drug helped curb symptoms such as delusions, reduced speech by more equal 30% or 75% of patients reduced weight on average not really important unless you're like a scientist and understand regardless you weren't getting weight gain in it. Bristol Myers was actually looking pretty good over a few years but we've really just seen a slow decline in it on kind of low volume as well so it remains to be seen if something like this can kind of pull up that stock price at all. AI okay let's talk a little bit the bite administration is giving TSMC let's pull this up about $6.6 billion which is awesome that's to develop more production state side one second so US is offering TSMC up to $6.6 billion that is going to be for producing stuff state side that is going to be in Austin excuse me Arizona factories are going to be producing chips fantastic at 1.78% right now the funding under the US chips and science act will support Taiwan semiconductor manufacturing of more than $65 billion that's three cutting edge fabrication plants in Phoenix according to the non-binding agreement the Taiwanese multinational semiconductor company is also eligible for around $5 billion in proposed loans under the chips act this is going to be cool we're going to talk a little bit about AI and this going forward when we come back from the break. trading and investing whether you're starting out or scaling up TFNN empowers traders and investors of all skill levels with top notch investing systems strategies and techniques it's time to protect and grow your money with insight you can trust join us live Monday through Friday during market hours for exclusive content that moves with the markets at TFNN we bring the trading floor to you our season hosts are here to answer your calls and questions live on the air check out the tiger's den for just $1 follow us on YouTube and become part of our vibrant community and remember at TFNN we're so confident in the value we provide that we are for a 30 day money back guarantee on all new premium newsletter subscriptions and services you have absolutely nothing to risk so why wait tune in live to Tiger TV and transform your trading journey because when you know better you invest better join us and experience the difference today TFNN educating investors many trading newsletters attempt to focus on a narrow set of equities or commodities while this works for some it often times misses many opportunities that possess huge gain potential but how is an independent trader supposed to scan the entire market looking for these hidden opportunities one simple answer the opening call newsletter Basil Chapman developer of the Chapman Wave trading methodology has been trading the markets for longer than most trading influencers have been alive and over that time he has honed his methodology in order to accurately call movements in a wide range of equities from semiconductors to uranium to key indices and so much more Basil is old school taking the time to educate the trader while also giving his insights into key indices selective stocks and more opening call subscribers also receive access to dozens of educational live streams that can be accessed at any time for your edification all first time subscribers receive a 30 day money back guarantee so ignore the pop trading influencers and start learning time tested technical analysis for traders who crave risk directions daily leveraged and inverse ETFs provide opportunities to magnify short term perspectives with up to three times a daily leverage utilize bull and bear funds from both sides of the trade and trade through rapidly changing markets these are highly leveraged ETFs with daily resetting designed for short term trading not long term investing whether you're a bull or a bear you choose the direction for up to date pricing and performance go to Direction.com investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio they are not designed to track the underlying index or security for more than a day before investing carefully consider a funds investment objective risk charges and expenses contained in the prospectus available at Direction.com read carefully distributor for side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ Jacob Shoup here we're just talking a little bit about US offering last 6.6 billion to TSMC for chip fabrication for 3 chip fabrication plans in Phoenix let's move on a little bit talking with AI this is coming from Alibaba okay pull them up quickly give it a second load anyways they're cutting prices for cloud customers in US and Singapore by as much as 59% mirroring deep discounts at home the move coincides with the surge in demand for cloud computing to support a global boom in AI development as well as complicated internal restructuring CEO is spearheading a far reaching overall to try to revitalize Alibaba's main businesses including e-commerce, Alibaba canceled plans for public listing of cloud business in November I think your major issue that you're gonna come across with you know a company that provides cloud is they're in China right and so the thing is is when you're using the cloud you're just essentially paying someone to store your data right so that's all key economic data that's payroll data whatever it is whatever you're storing on the cloud that's on someone else's servers right and supposed to make you know data information more easily transmissible but at the end of the day you don't you need to know who is kind of holding that right and I think that's probably a major issue for people outside of China with Alibaba right I mean you're essentially sending your data to a Chinese company and how involved the government with that it's a hard thing to say right but I see going forward is I think personally Microsoft is is best positioned for this right see something like Amazon who is AWS very broadly used and I would say definitely two for companies that are smaller and are more willing to accept multi-vendor use larger companies are many times not you know it's it's definitely an argument in the industry but the larger companies tend to lean towards more a univender support right and the reason for that is you know you need everything working very seamlessly every company does right but for larger companies this is super important and so you're going to go to the company that has a bunch of different suites right and that's going to be Microsoft okay so they have office they have teams I know that's decoupled from office now but some Microsoft teams you have you have a Azure with it and now you have potentially chat GPT and so the way that I see things going forward is that you're going to have AIs and I've said this before that are going to be sold to companies and they're going to be new and what I mean by that is they'll be untrained in the ways that they respond they'll still respond the same way as chat GPT is there's not going to be all these breaks on it and the idea is that they're more malleable to be able to better solve problems that the company has and they'll be unique problems right and so the question remains where do you store that data because it's all sensitive again one of the biggest issues we're going to face going forward in economics and really security is going to be shadow eye excuse me shadow AI so you're going to have these companies workers there who are filling in really sensitive data and that information is going to some external server very very bad security position to have so what I see happening is Microsoft a lot of companies will already use Azure a lot of them don't already with AWS but they'll offer this AI for business and they'll be like don't worry you'll come store all your data on Azure or at least something that we have interaction with whether that's because of business entanglements or whatnot so I think that's actually really unique and that's not fully fleshed out yet but that's just kind of what I see going forward let's talk a little bit about the me a second if I can get the article up is actually a statement from the SEC this is something that I've complained about quite a bit and it was you have all these companies saying what is what is one it's called lemonade it's like an insurance company I had one of my friends was talking to me about it and he was saying yeah it's an insurance company and they're using AI in order to develop competitive plans in my argument these kind of like small time learning algorithms aren't really AI the way that we actually know them which is kind of generative AI right that's not what they're using and I think a lot of companies have been able to kind of ride the coattails of this AI boom and say hey listen we use AI for this but it's not really explaining what AI is for them and they're seeing a bunch of return for it at least in their stocks and it kind of falls flat because it's not really anything novel that they're using so Gary Gensler this is from SEC.gov came out and said this is not okay because there's already been using finance this is AI where there's potential benefits to greater inclusion efficiency and user experience when new technologies come along and time again false claims to investors by those reporting to use those new technologies of course investment advisor and broker dealers might want to tap into the excitement about AI by telling you that they're using this new technology to help you get a better return public company execs think they'll enhance their stock price when they talk about AI the SEC want to make sure that these folks are telling the truth in essence they should say what they're doing and do what they're saying investment advisors or broker dealers are using an AI model when they're not nor say that they're using an AI model in a particular way but do not do so public companies should make sure they have a reasonable basis for the claims they make and yes the particular risks that they face about their AI use and investors should be told that basis referring to this as AI washing now whether it's by financial intermediaries such as investment advisors and broker dealers or by companies raising money from the public that AI washing may violate security laws yeah I again think that's a major issue I would reckon probably there are companies that just aren't even using AI and saying it but I think what this is going to end up doing is in the next few years we're going to see legal definitions of what different AIs are right like if I just keep adding data to a model and the model keeps revising what the next step should be or what the conclusion is that is AI in a sense but it's not generative AI the way we look at it and I would argue too generative AI isn't even capable of what a lot of people think it's doing you know this stuff that is happening in you know with the military and everything like that that's not like our run of the mill generative AI like chat GPT I would also argue too and I mean new stuff is coming out and chat GPT4 is a bit better at it but it's not it's not there yet you know I was trying to have it essentially add just some a bunch of different percentages percent gains and losses I just had so many of them and it ended up giving me the average which is not right at all and so I responded to it and I said hey why did you give me the average I just needed the sum of this right and he goes no sorry you're right that's what I should have done and I said no like tell me like should you take the average or the sum back it's like well we should take the average but clearly that's not true it can't do ciphers at all which is like just simple transposition of letters which you know you teach kids so I don't know not to say obviously there's some AI that are like dominant and can do a lot of different things and we see that with like military but this generative AI stuff the common consumers using is not fully there yet and so beware when someone's trying to get you to give them money because they use AI folks stay tuned we'll be right back the gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London 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page of TFNN.com TFNN Educating Investors you can listen to TFNN live on your mobile device 24 hours per day go to TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV this is from basically Truth Social down 9% today Trump is suing the co-founders and he's saying they're not entitled to stock shares this was last week but I just wanted to talk about this a little bit judging that they mismanaged the social media platform early on and should therefore lose stock in the company which recently went public papers filed last week in Florida State Court Trump Media and Technology Group Corporation argued that executives Wes Moss and Andy Liddinsky made a series of costly mistakes that resulted in the long delay in the company's going public and urged a judge to strip them of the shares in the company excuse me this is phenomenal opportunity and they were writing the president's quotes tales is what they said crazy event you know this was up at $79 and we're trading down at $36 $80 down nearly 10% these I get so concerned for these new like I think personally this this was definitely like just a social image move I would say but if you're talking about like really getting a new competitive social media platform running up it's quite difficult because you need people that will bring others to it right if you just have a small group you might as well just stay on forums and everything like that but essentially what I'm saying is like I see companies like Rumble and all these other guys there's Mastodon was one of them and the whole idea even even with with Musk buying Tesla excuse me Twitter you know in in order to increase free speech or whatever the idea was behind all that my opinion was probably the public reason why truth social was occurring they just they don't take off and it's because they don't have the volume of interaction things like Twitter and YouTube and Facebook have so it's interesting like all the people that I know on Facebook and I have all different age groups and everything of people that I'm acquaintances with or whatever I don't use that app that much but I'll go on every now and then to check stuff and the people who are still on there complaining about Facebook and they're not using truth it's very interesting anyways folks thank you so much for joining me I'll be with you for the rest of the week we'll have a good week send me some emails and we'll look at anything have a great rest of the day we have Basil up next