 Good Monday morning everybody I'm Tommy O'Brien coming to you live from TFNN 830 AM Monday morning 60 minutes to go until that opening bell. Let's see what we have going around in markets right now negative territory to start things off but markets off the lows that we made last night. Right now you're looking at an S&P negative by about 20 points trading at 2801 that's a solid 30 to 35 points though off the lows that we made last night of 2771. For some context when you back it up just early early Thursday literally 1215 AM Thursday morning 2965 in the S&Ps we traded down to 2771 you're talking about 194 S&P points basically over about 48 hours of trading 6.54% for a pullback on that S&P you know we may be out of the woods for the worst of the worst but volatility is here folks it is going nowhere fast when you get almost 7% moves in two days and there really wasn't anything super drastic that caused that just volatility uncertainty really tough to know what's going to happen in the future when that's based a lot on science and COVID-19 and the shutdown as the economy tries to open back up the Dow right now negative 189 points trading 23,430 the lows last night 23,208 so you're about 225 points above that price level Nasdaq 100 futures down about 45 points 8673 you made it as low as 8556 you're talking about 120 points we've popped since the lows we made last night at about 9 PM Eastern time crude oil down 20 cents at 1958 crude we'll see what happens this week the last two and quite the volatile sessions for crude gold contract up a bit but off of the highs just in the last about I mean even that 20 minutes gold just straight from 1720 down to 1707 we actually made it as high as 1726 early this morning silver basically unchanged at 1493 and let's pull up Bitcoin why not because quite the run had last week as Bitcoin went from about 7,800 to 9,506 seem to have settled now between about 8,809,000 jumping over to the charts start things off with that gold contract we covered that 1725 taking a look at the euro US dollar from last week end of the week Friday almost reaching 110 we're treating it about 109 37 terms of what else we have happening across the market big news hitting the wire this weekend with Warren Buffett and Berkshire they sold all their airline stocks so Berkshire chairman and billionaire Warren Buffett said the conglomerate had sold the entirety of its position in the US airline industry the prior state worth north of $4 billion included positions in United American Southwest and Delta the world has changed for airlines and I don't know how it's changed and I hope it correct except corrects itself in a reasonably prompt way and to get over it as not surprising what may be happening right so United there's your action on the open on United right you got action from about this is last week's action almost 27 you trade down $4 to 2306 right now your bid ask 2392 by 2393 talk about a tight bid ask with 60 minutes go until the market I'm sure that United the airline stocks in general gonna have some volume today Delta shares pretty much the same across the board was above $24 you spiked to 2080 you're trading at 2165 Southwest shares from above 29 to below 26 at one point United shares from 27 to about 2392 is the airline stocks get looked to get hit this morning other news out there J crew they're gonna be filing for bankruptcy the clothing apparel company filed for bankruptcy Monday marking the first major retail bankruptcy of the coronavirus pandemic the company said reached a deal to convert 1.65 billion in debt to equity secured 400 million in financing from existing lenders to help fund operations through bankruptcy it's gonna be a tough one for retails especially folks other action out there in terms of what we have going on I'm gonna jump right into some of the earnings reports we have going on this week Disney they're gonna be out Tuesday May 5th Disney getting hit this morning as well we're back to about 102 I think there it is 102 we were just at 114 you're talking about $12 I just went over what the S&P has done in terms of pulling back 6.5% you have Disney down 10% some of the more volatile stocks that are being affected by these market swings there's your example folks from 114 down to 102 on Disney Disney out with their earnings after the bell tomorrow we'll see where that shakes out Roku out Thursday May 7th checking out Roku shares ahead of the open this morning Roku quite the day on Friday from over 120 to 111 this morning you're gonna open a bit lower at 113 38 Shopify talk about some volatility I know we had some traders in the den Friday talking about Shopify the action had the end of last week Shopify reporting Wednesday May 5th Shopify there you see the fall off and put in a little bit of longer 20-day hourly quite the run right from Shopify up to 334 up to 668 just on Monday you finish the week almost at 600 Shopify opening up positive right now at 625 they're out with their numbers Wednesday Uber that'll be one that gets looked to in terms of May 7th Thursday so you got Disney Tuesday Thursday you got Uber Uber shares particularly volatile down this morning as well you look at the drop again from 32 down to 2774 so at 32 you're talking about $3 and 20 cents would represent a 10% move we're down about $4 and 26 cents from that price level huge moves in some of these stocks but taking in some context you back it up to see the full swing of things you had over down to 1371 that's when their CEO came out said listen we plan on having about 4 billion dollars even if business decreases by about 80% over the year market trades up and we've kind of been hanging out between about 25 and 30 got above that level but keep in mind we're gonna open at about 2753 this morning so they're out with their earnings on Thursday beyond meat out Tuesday as well beyond said some recent volatility as you've seen some of these meat processing plants shutting down beyond taking off and there's your complete COVID-19 collapse from almost 130 down to 48 you make it back up to 116 and right now we're bid as 8950 by 8999 Tyson shares they have been hit particularly hard in terms of meat processing plants in general there's your action this morning so I think I have a Tyson article up there yes I do Tyson shares falling 7% we just pulled it up it's gonna open at about 5560 you closed at 60 bucks production disruption takes a toll on profits company secures 1.5 billion dollar loan facility I mean that's gonna be the key here right what companies are big enough to make sure that they can have the cash flow to get over the hump they reported their fiscal second quarter net income fell 15% from a year ago the company also said it has secured 1.5 billion term loan facility so shares of the Jimmy Dean owner fell 7% didn't realize they own Jimmy Dean as well 77 cents a share 10.89 billion second quarter net income 364 million or a dollar share down from 426 net sales rose 4.3% this is all having to do with though they are facing some some tough tasks ahead with meat processing plants being shut down in general check out the volatility this is going through from 94 down to 42 we're gonna open back up at about 55 so there's some context where we're gonna open back up on the Tyson chart check in on the VIX as we get ready for the first break VIX this morning some closer action we're gonna open 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foresight fund services LLC don't forget 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 for the latest market information welcome back folks we get the Dow right now trading 23,416 that's off about 189 S&Ps off about 14 points right now trading 2805 you see the highs we had about 245 AM you're talking about 2813 in those S&Ps jumping back to some stories of the day in Japan you have Japan's Abe extending state of emergency through the end of this month May 31st Abe will consider lifting the state emergency without waiting for its May 31st expiration if experts decide it's possible based on detailed analysis of regional infection trends he said at the start of meeting of the government's coronavirus task force as the world looks to open back up and what did I just have there we go so Florida as well today they're gonna reopen restaurants retailers restaurants allowed to 25% capacity with outside areas limited only by social distancing guidelines six feet apart for those tables no parties of more than 10 people retailers also operating a 25% capacity last week you had Texas allowed to go back to the malls Georgia at the end of last month the first one a lot of businesses including restaurants movie theaters hairstylists massage therapists and tattoo artists to resume operations I just encourage you folks out there to be wise be smart and you know just be careful out there still because the numbers they're still there and we want to make sure we get rid of this thing so whether you're wearing a mask out when you're near people at all or possibly just making sure you wash those hands don't touch that face I know we're all trying to get that done what else we have happening I wanted to pull up the chart of some volatility and it's back up here so there's your action in the markets right we're looking at a vex at about 40 and pretty remarkable that out of the last what are we talking about six eight 10 days okay we've only had two of those days with under a full percentage movement in the market and what's interesting enough is that you've actually had four days of positive action when you had moves of greater than 1% and you had four days of negative action on days that move more than 1% and actually at the last 10 days you've gotten more than a 2% move half of the time so you know you almost want to say that we're out of the woods right I mean the Vicks would tell you what are what are the woods you put this on a daily chart for some context talk about a slope down from 85 we're trading at 39 I mean still you could argue we're within the trend here that recent high we had on April 21st which correlates to the beginning of that chart I was just showing that high on the Vicks 47 other news items up there and talking about the airlines I just want to bring it back for Buffett in terms of what he did own in all of these airlines as of December Berkshire owned 42.5 million that's a 10% 10% stake in American he had a 9.2% stake in Delta 10.1% stake in Southwest and 7.6% stake in United shares and those stocks are down respectively 62.9% 58.7 45.8 and 69.7% staggering numbers $4 billion investment basically and that number going to be down 60 50 70% depending on where they got out of those stocks jumping back to companies with earnings so we cover beyond it's a big week in earnings following up last week PayPal they're out with their numbers May 6th PayPal PYPL and of course as I mentioned we get non-farm payrolls on Friday for the month of April that will be an exciting 8 30 a.m. number for sure one 2061 is where you close we're basically trading flat on PayPal we get their numbers will be say Thursday Wednesday excuse me square similar actions so we get PayPal and square talking about our people spending money they do it electronically square shares let's see how they have traded I mean remarkable bounce back right we've talked about it many of the hosts on TFN and many analysts out there in terms of the whole market got sold down here and there are a lot of opportunities that potentially were there they threw the baby out with the bathwater and that was not necessarily case look at square I mean you're 100% for square off of the lows of 32 33 even from where we were on April 3rd you had a low on square of $42 and we're going to open a bit lower this morning with the market at about 61 60 on square so we're gender on there out Wednesday Moderna there out Thursday and Peloton so Peloton's out on Wednesday Peloton Tom sent me an article they I mean talk about being in a sweet spot everybody at home exercising right you see the fall off really from February this one not as bad as most we now eclipse just recently the high we had on December 2nd that rise up to 3808 this morning will open a bit higher so far on Peloton they had I believe it was 23,000 people in one streaming class now here's the only thing I'll say about Peloton it's ridiculously expensive to buy a bike it's ridiculously expensive to subscribe to their classes realistically talking about it's it's a lot of money and it's a very replicable product in terms of exercise equipment spent around forever at the prices they're charging I see no reason why a company out there here's a business idea go produce an electronic bike put a tablet on it and then create an app that you can stream some instructors and you have the company Peloton along with a plethora of other things they're perfectly positioned right now so maybe they will succeed and be around in the future but they're out with their numbers this week it'd be interesting to see what they have to say I'm sure they're gonna have plenty of highlight reels from the numbers they're getting the number of online classes as people no go to gyms I mean talk about being a sweet spot they'll be out with their numbers Wednesday May 6th terms of what else we have happening so we got we got Monday this morning Tyson and we get Shake Shack today as well and Skyworks check out those stocks Shake Shack in the news recently for taking some of that paycheck protection program loans and then giving it back so they out with their numbers already no after the market today they'll be out with their numbers close to 5170 you're down a bit this morning with the market and for some context where Shake Shack has been tough spot to be in of course in the retail food service industry you're up about 80 bucks you're trade down to 30 the rebound up to about 5170 one of the companies just jumping around makes me think of Chipotle staggering numbers for Chipotle actually rising same store sales in this environment I mean look at that run right from 940 to 450 and more than cut in half and now up more than $100 even from where we were trading at the beginning of April going from 600 to 950% run for Chipotle Mexican Grill other companies with earnings Tuesday jumping through the list insight Regeneron Wayfair Wayfair has come out and said that they've done some big things during this now talk about some volatility folks from 166 in June of last year you start out this year at basically 110 you trade down to $21 and then you tell the world that you crush in it because everyone's staying home ordering online and you're back to 122 50 I'd be very careful when you get around from $22 March 20th my birthday up to $122 speaking of stocks that have had an acceleration zoom this morning you're gonna open higher on zoom shares as well zoom up to 141 we were down at 131 pre-market on Friday this stock with some volatility for sure and check out that action so zoom was up at 181 50 as of April 24 we're gonna open about 141 now for some context we were in this I mean check out this huge bar from March 23rd that we're in just a ridiculous action over there on zoom for sure checking in on what else we have going on notes and bonds 10 year note I mean there's there's your daily right you can really see we're up at these levels and we're hanging up at these levels in terms of 138 31 you're up about three ticks but we've been kind of ticking along at these levels I mean look at that volatility we had when this erupted from March 9th all the way up to 140 24 back down to 133 we're sitting at 138 31 stay tuned folks I'll be coming back to finish up the program we'll be back in three minutes I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 6 and 3 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economist surveyed by Bloomberg expect the U.S. to have lost I had to read this one twice 21.3 million jobs in April the fact that they even compare it to march down significantly from the 701,000 job losses in March the unemployment rate is estimated to have surged to 16% from 4.4% in the prior month just remarkable the April employment report will show the most severe one month contraction ever credit Swiss economist James Sweeney said in a note to clients April 30th we expect headline payrolls to decline by 25 million over 30 times the largest drop during the global financial crisis this is all happened at once it's never happened before unemployment rate should spike higher to a new post war record now here's part that I found cool as well to check out headline wage growth will appear positive headline wage growth but this is a statistical barrage caused by the rapid destruction of low wage jobs low wage jobs hit the hardest not able to work from home that's going to account for them disappearing higher wage jobs going to remain going to look like headline wage growth that is just a result of all of those jobs getting destroyed in terms of on the lower side of things but they also say one important thing to note April's job report that unemployment rate is likely to remain elevated in May but when businesses reopen it should fall sharply that same gentleman said the recovery will be incomplete but we do not expect double digital employment to persist for long it's all it's all just speculation folks we will find out what happens I thought it was a pretty cool take nonetheless but we will be looking for anywhere from 21.3 you see credit Swiss out there at 25 million I'm not sure if they're the biggest but huge numbers on Friday as we await that non-farm payroll and we get a lot of sweet earnings in the meantime Vicks at 39.16 stay tuned folks Larry Pezzavento coming up with trade what you see for the market open live from 9 till 10 I'll be back at 10 o'clock with Tom live programming all day at TFNN have a great month Larry Pezzavento watches the markets 24 7 and now is a great time to try out his daily trading service Fibonacci 24 7 Larry publishes videos and charts for subscribers throughout the week when warranted and every weekend he puts out a thorough report covering worldwide markets futures commodities and currencies with Fibonacci retracement levels possible trading setups and zones and stops and targets for all recommendations included Larry applies the principles he's developed over decades of trading while analyzing a variety of markets for subscribers to see for yourself the types of videos charts and analysis that Larry provides for his subscribers sign up for Fibonacci 24 7 today by visiting the front page of TFNN dot com under the newsletter tab you'll also gain instant access to Larry's archive subscriber webinar from earlier this year new subscribers get a 30 day money back guarantee so you have nothing to risk sign up today David White's newsletter the technology insider is focused like a laser on finding the next big things in technology if you had invested only $10,000 in Microsoft in 1986 you'd have been a millionaire