 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, company of iFirm. TFNN Tuesday morning, just after 9 a.m. Eastern time, we got about 24 minutes to go until the start of trading. We kick off the tech earnings today, Microsoft, Google as well before we get some of the others on Thursday. We have a Fed decision tomorrow. We have jobs numbers on Friday. We pick things up and you already have some equities out with their numbers this morning. Nonetheless, we've got markets picking things up slightly in the red this morning, even as we have yields continuing to drop a bit. Remarkable what we saw yesterday happened, right? We're talking about a 10-year yield right now. 4.05%. We get the S&Ps. You're negative by 10 points. You see the overnight action. You see the acceleration yesterday at three o'clock. Did the program for my dad yesterday from three till four. Boy, this thing shot out of a cannon. Record highs across the board. S&P, NASDAQ. Dow, just constant barrage. Was the NASDAQ? Yeah, futures didn't get there, but I think the NASDAQ 100 cash got there. Just records across the board. Dow were nearing 40,000. Dow this morning off about 88 points. You're negative by 210%. You get the NASDAQ 100 off by 210% S&Ps off by 210 in the Russell, particularly volatile off about half a percent. Bitcoin, holding up relatively well after the slide we had a couple of weeks ago following the ETF approval. I was listening to this morning. Man, they are really on for the race for the Bitcoin ETF. And it makes sense, right? This is how it goes. There's only gonna be one of them. I was listening to Bloomberg earlier this morning. This one, BTCO, whatever this one is. It's like fifth right now. And they just put out that they're going their fees down from 0.39 to 0.25%. And that's only once they get to 5 billion or something like that. So the race is on, man. As we know, you gotta be the one ETF that covers wherever you're gonna be. And the fight is on to be that one Bitcoin ETF with volume as the race for fees. Pretty cool that they notch down their fees and then they say that fees only kick in when we have certain net assets under value, et cetera. Nonetheless, the race is on. Crude. We're gonna talk a little bit about crude this morning. You got crude right now. Negative by 24 pennies at 76.52. You jump over to gold. You're seeing it run again, man. If you haven't checked out that gold report, folks, now is a great time to do it. Gold up by $13 to 2058 this morning. You see the action overnight, 2059.20 at about 2.30 a.m. Eastern time. You get to notes and bonds. So overnight, we get to a high of 1127. We're just off where we are, where we were there. And you see where we are. We're basically right where you got on that acceleration at 315 p.m. yesterday. You had price spike higher. You had yields drop lower. We have a 10-year at 4.05, and we here for the chairman tomorrow in terms of where they expect they will be. Don't expect a cut tomorrow, but boy, the market maybe rightfully so, knows that it's coming down the line pretty quickly. To put it lightly, dollar index. On weaker yields, you see the drop off yesterday, right? We were all the way at 103.82. That three o'clock drop off on the dollar, you go from 103.60 down to about 103.40, and we're just off those lows in the dollar right now at 103.48. Okay, where do we kick it off with this morning? Let's talk a little bit of global GDP. Why not? Strong numbers in the U.S., and that's translating to strong numbers in the globe. And this having to do with U.S., it's having to do with China, and the stimulus they're putting on there. That's pretty much the reason for the upgrade. IMF lifts the world GDP outlook on U.S. strength and China fiscal support. There it is in the headland, right? Global economy's seen expanding 3.1% this year, 3.2% in 2025. Soft landing is likely, but risks remain from war and inflation. Now, those risks greater in Europe, I'd say, than where we are right now. And definitely when you look at the growth, it's one thing to be dealing with inflation, but at least we have the growth to go with it. Europe, not so much the case, man, but nonetheless, when you look at the whole globe, you're talking about three plus percentage point. Now they were looking for just 2.9% in October. So they up it to 3.1% right now. The fund kept its 2025 forecast unchanged at 3.2%. Yeah, and not surprising where it might be the hottest. The forecast assume commodity prices, including fuel will drop this year and next in the interest rates will ease. I mean, keep your eye on that one, right? Because we have some oil stories, okay? And we're gonna jump around, but you're talking about oil right now at a pretty decent price at the pump, right? What are we at in crude right now? $76 in change, I believe, I just covered it. What are we looking at? 76.62, the price of crude. Do you take a look at a three-year weekly on crude? Pretty remarkable. This is where we are in terms of lower price compared to where we've been. Yet nonetheless, what do we have going on? We have assumptions that commodity prices, including fuel will drop this year and next in the interest rates will ease. The funds economists factored in, for instance, that the Federal Reserve, ECB and Bank of England will hold interest rates for the first half of this year before gradually reducing them as inflation slows. Inflation in the fourth quarter cooled more than projected as energy prices eased and that it expects the deceleration to continue through 2025, bringing global inflation down to 4.4 from 6.8, that's where it gets bonkers, right? They're gonna bring it down to 4.4. Their growth estimates are what, 3.1, now you see where the US is compared to where everybody else is, right? What do we just get for CPE numbers? 2.9%, maybe it can make the case we're at 3 to 4% on the hot side of things, probably more realistically, 3 to 3.5% right now, that can change, of course, but no. They're just hoping to bring the globe down to 4.4 from 6.8 and they got growth of 3.1 and check out the US on there, 2.1. I mean, among developed nations folks, just gangbusters where the US is, you know? And that's important to keep in mind, man, as the gloom and doom marches on as we approach political season, because I mean, look at these numbers, right? Look at the forecast for this year's GDP, look at the forecast for next year's GDP. The only ones ahead of us are China and India and it's gonna be really tough for the US to keep up with China and India when the growth that's possible there is not really possible in such a developed economy as ours in the US. Euro 0.9%, right? And 1.7 next year. Now, have more confidence in these numbers in 2024 because we've seen how hard it is to forecast. We've seen how wrong analysts have been in this market. We've seen how difficult it is to forecast. We're gonna talk to our man, Kevin Hinks from the Schwab Network Fast Market. We talk to him every Tuesday, Wednesday, Thursday at 9.15 in the morning. And I love when Kevin says, you know, stay current, don't go too far out. That's where maybe you get yourself in trouble. Yeah, you wanna make some big wagers and you go very far out into the future and you're right, of course, you can pull some returns. But the reason why is because it's very difficult. So try not to go too far out. You won't get yourself in so much trouble. So stay on these and look at where the US is. And if you look at where inflation is, man, they're ahead as in we have eased inflation more so than many of these developed countries as well. And again, only China and India above us. And then you push out to 2025 as well. But nonetheless, the IMF, they jack it up. Growth estimates going up. And yeah, it's gonna be an important one, man. We got a lot to talk about today. We got Fed Day tomorrow. We got Microsoft. We got Google. Boy, some of these cloud numbers, they're gonna be talking about, man, Azure, right? 27% growth, Azure for their cloud. Are they gonna be able to meet that? We're gonna find out a market. We're gonna take a look at Microsoft. How about that $3 trillion company? Stay tuned, folks. We're coming back with our man, Kevin Hinks from Schwab Network. 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. 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We're actually at already 3.07, which is $70 billion over that price level yesterday. Now that's a weekly, okay? Not zoomed in. Check out the action just yesterday, man. You finish up to almost 410. This market plows higher to 414. This market, Microsoft shares. We're back a bit to 412.80, so Microsoft's gonna be out with their numbers after the bell today. And yeah, you jump over to that Analyze tab, man. You are at $3.066 trillion. Pretty amazing, man. Now, as I mentioned, the cloud is gonna be in focus from Microsoft after the bell tonight. Yeah, and you jump over to Apple. Apple's at 2.95 about, so Microsoft's already 100 billion plus ahead of Apple as they just continue higher. To talk about some of the market action folks, let's jump over to our man, Kevin Hicks. Every trading day, 12 noon Eastern time, right here on Tiger TV from the Schwab Network Fast Market with your host, Kevin Hicks, Tom White, the team at the Schwab Network. They break it down, folks. You're talking about three hypothetical trades, and not often do you have the biggest company in the world reporting earnings after the bell. Kevin Hicks, good morning. Good morning, Tommy O'Brien. Yes, Microsoft is an amazing company of the highest quality. The problem is it's a 39 PE, Tommy, so the bar is extremely high for them to report earnings, and they need to show what AI is doing to help cloud and all those things last year. This actually 65% last year, Tommy, so yep, the bar is high. This is a high quality company, but it is not cheap. Not cheap to put it lightly, man. It seems like Microsoft just doesn't stop going up, man, and really interesting when you look at, not the trouble that Apple has had, but just the way that Microsoft's chat GPT, they're deal with open AI, the acceleration. I was listening to this morning, Kevin and Bloomberg early, early, and they were talking about just some of the numbers. Pretty amazing, the bar, like you stated, that these companies have to go with, something like 27% growth, and that's like a $50 billion business, Azure. You put it on the P.E. numbers, do you think they're gonna eclipse that? I mean, that, as somebody that runs a business, right? We're all, I mean, just amazing numbers, amazing growth. It seems like the bar is pretty lofty when you're talking about growing a business that's pushing $50 billion and almost 30% growth, but that's how the stock's priced. What do you, do you have any estimates of where your brain is for that type of growth estimate they're talking about tonight? Well, as growth, you're over here at 29%. So remember, stocks really don't like any deceleration in growth. And so the question is, does the AI component at Microsoft help Azure either get market share or continue to grow? I mean, they're gonna be heavily scrutinized because eventually, Tommy, with some of the valuations here, people are gonna wanna see AI actually come to the bottom line. And, you know, other than in video and a little bit of AMD, you know, there's not a lot of profits to be shown for AI. They're getting there, but... Oh, I might've lost you a little there, Kevin. Gremlins are getting his phone lines because he's given too much information out about Microsoft and the video, folks. Maybe we can get him back. Let me know, Al, if we get him back. I can't hear you. All right, we'll see if we get him back. Yeah, look at the video shares. He makes a great point. These companies are the ones that are spending all the money with Nvidia and AMD, right? That's where all that money is coming from when you talk about the orders they have, the backlog they have, backlog that they have for those chips. Microsoft, they're the ones buying it. Google, they're the ones buying it. We get to find out tonight. I know Kevin's running around. Maybe we can get him back. We'll see. All right, let's jump back to Microsoft shares. So, we've looked at this equity. You check out the A point, possibly, at the beginning of last year, 2018. You drive up to a high in the beginning of July, 2023. That high, about 365. You back off the C point, about 310. And yeah, you're talking about a full expansion of 457. And that would be your A to B leg, driving from about a low of 220 up to your high point of 362. So, you're talking about, yeah, almost 140 points and you take it off that low of about 310. Drives up to 457. The one thing that I will say here, okay? You back this equity down into the last three months. This was their last earnings event in October, when this equity was at 326. You're gonna be coming into their earnings event almost $100 higher. So, remember that, man, Kevin makes the great points about expectations. I love the point he made about PE at 39 for a company like Microsoft. How do you get a PE of 39? Well, your price that you're trading at is 39 times your earnings. The way you do it is you grow a business like Azure at almost 27, 29% he said. Pretty wild on that accord. All right, we jump over to Google, Google shares. We're almost at 170, man. Google's got some big expectations as well. Now, what's interesting here is you jump to the Azure cloud numbers, right? Azure's at I think 50, 70 billion I was hearing today, right? Amazon Web Services, they're above 90 billion. Okay, Google's only at 35. Now, what's amazing is Microsoft is growing the fastest of all of them when you look at the cloud. So, Microsoft has the fastest growth. They're ahead of Google and they're still growing faster than Google. So, Google's got some issues, man, and they gotta make it right. Now, you jump over to the Analyze tab on Google and you're talking about a company that's valued at $2 trillion. So, 2 thirds of the company Microsoft is, that's part of the reason why in terms of lower numbers on their cloud sector and lower growth numbers. And Kevin makes the point again. You don't wanna see de-sellerating growth and the issue there, when they came out with their last earnings folks, okay? One of the reasons why this thing accelerated higher, you put it back to a daily, we're gonna go back to Microsoft here. And listen, I have Microsoft in a retirement account, absolutely amazing company, very fortunate I do in terms of how things worked out, been in there a while, okay? As in it wasn't just the AI play, but this acceleration on their last earnings, we gotta put it into a daily again, when they came out with their numbers, I remember when they did it, man, okay? They came out October 24th, you see the gap higher. Now the market pulled back, okay? That was the demise. I wanna go over this, because it's so important. Here's the S&P, okay? Microsoft came out with their numbers here on October 24th. If you recall, that's when the market was making lows. Okay, so don't get distracted by the fact that you have a little bit of a pullback after their earnings. Their last earnings were gangbusters folks. They accelerated the growth, they crushed everything. There was your pop on October 24th. You had to pull back with what was happening with the market there. You pull back with the market, and then this thing takes off from 328. We're gonna come into their earnings at about 414. And the reason why was you had accelerating growth. The reason why I keep reiterating this is tonight they're coming out with the numbers. They're looking for last quarter at least, it's what, 29% year-to-year growth and Azure, okay? When you're doing numbers that are like $50 billion and you're expected to grow 30% year over year, those numbers become very difficult as you approach 100 billion and you're gonna be there in a year or two. So my brain has a little bit of a problem trying to figure out how exactly you grow with those numbers, but guess what? Microsoft's figured it out. That's why they're the most expensive company in the world at over $3 trillion. I'm not looking for a huge pullback but very difficult to imagine how they beat that market with the optimism they priced in. And as Kevin mentioned again, they haven't made the money yet, okay? This is optimism. The people making the money are NVIDIA, the people that make the money are AMD. They're the one with the backlogs for the chips and these companies have to prove it but we'll find out after the bell tonight. Stay tuned folks, we're coming back for the opening. We'll be right back. TFNN has just launched their new trading room, the Tiger Zen, 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. And now they are expanding their reach with 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. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. So it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. 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For all the details and to start your 30 day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN, educating investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open along with updates when warranted. Stay ahead of the game with Tom's real time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN, educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. We got the stock market open. You have markets slightly in the red right now. You're looking at the S&P futures, negative by just five points. We're still trading at 49.50, quite the lofty level. You back it up to where we were. 3 p.m. Eastern time yesterday, you had a price point about 49.30. I'm gonna back up bonds and notes for a second. You jump over to the ZN. As I mentioned, I was doing the show yesterday at about 3 o'clock. You see where we were in the 10 year. Okay, the 10 years at about 111.16. So we've traded to higher price. You see it happening yet again today, right? Even since where we were at about 8.30 this morning, you have the 10 year trading higher. That's backing off yields right now. Let's see where yields are right now. We're probably under 4.05 right now. Four point, yeah, we're just under 4.05%. The yield on the 10 year right now. Now the acceleration yesterday, okay, which was a surprise, which is where you got this pop in the markets, which is where you got the pullback and yield. And I'm gonna jump over to the dollar index just to show you how important all this stuff was. The pullback, that's a three o'clock as well. So what do we have? We have yields pulling back lower. We have weakness in the dollar. As I say this, man, it's continuing to drop, right? We have yields continuing to weaken. We have the dollar continuing to weaken. That's gonna put some pressure on the Fed in terms that you can't have the 10 year, like 3.5% and have the Fed at 5.5%, right? That can't happen. No matter what the Fed says, that can't happen. But to go over what happened when that was happening last night, okay, because it's interesting. One of the headlines I have up to talk about here, this is from Bloomberg out this morning, yeah, early this morning, talking about Naseem Tlaid. So he's the author of the Black Swan, right? Yeah, Deathswan, no, he's talking about Deathswan, but he is the author of, is it the Black Swan? I should know. Yeah, Black Swan, there it is. And he's talking about swelling death, okay? The political system makes it tougher to address. I think we can all agree on that, no matter where you are, man, the politics make it harder to get anything done right now in terms of addressing things. Politics, the art of compromise, very difficult to get the compromises going on these days. Nonetheless, you jump to this. So we talk about swelling death, but it is interesting. So this is why it was a surprise yesterday. This is the news that hits at 3 p.m. Eastern time. You have the Treasury cutting their quarterly borrowing estimate to $760 billion. Now, that's still the borrowing for 90 days, okay? But the borrowing estimate had been as high as almost $820 billion, okay? So what happens? You have the Treasury saying it now estimates that they need $760 billion in net borrowing for January through March, or already basically through January, okay? Debt managers kept their estimate for the Treasury's cash balance for the end of March at $750. Now that's pretty much in line. So what do you have happening there? You have the smaller borrowing need was driven by higher projected net fiscal flows, okay? They're taking in more money. We're still spending it, but they're taking in a little bit more money and having more cash on hand at the start of the quarter than expected. They also had more to start the January through March period. Some, okay? Some, like co-head of US rate strategy, he probably had a tough night because at three o'clock he found out his prediction that it was gonna go up to $855 billion was actually way off when it came in at actually a decrease. So what happens there? The government needs to borrow less money. As a result of borrowing less money, they don't have to pay as high of a yield because they're not deluging the markets with supply. As a result, you have yields staying low. If yields are low, you're gonna have a weaker dollar. When you have low yields and you have a less expensive dollar, the stock market is gonna like that and it's gonna go up and all that happened, man. So remember that when you hear these types of headlines, that's not the one I'm talking about this one, talking about the debt because it is a real issue here, okay? But that is on a much longer term basis and that is the tail risk that is out there, okay? Which is definitely present, but on a shorter term basis, you see what happens, man. And hopefully the politics do allow some type of deal out there because it is possible, man. That's for sure. Okay, we talked a little bit accrued. We talked about the IMF, right? The IMF is talking about that we're gonna get more global growth. Why are we gonna get it? You might see an assumption that maybe commodity prices and energy prices are gonna ease along with rates that are gonna be going down. Well, this might back up that theory. Saudi Aramco, they drop expansion plans, raising demand questions. The company asked to maintain capacity at 12 million barrels a day. Surprise move is gonna raise questions about the view on oil demand. So I think we got an oil demand problem. As Saudi Arabia, why would they be abandoning a plan to boost their oil output capacity? Okay, if you ever thought you were gonna be able to sell that oil into the market. The only reason you might do that is because you might think you have a demand problem. Last thing you wanna do is provide too much supply if you have a demand problem, right? Especially if you're a monopoly controlling a finite amount of a commodity that you control. And that is a quote unquote huge reversal that will raise questions about the kingdom's view on future demand. That surprise move comes after the world's biggest oil exporter had said just in November that it was progressing very well with a multi-billion dollar project to boost capacity to 13 million barrels a day by 2027. They're not into that right now. They're cool with 12 million right now. They have capacity for 12. They're only producing nine after curb the output for Opal Plus. So why are you gonna up your capacity to 13 if you're only doing nine? They're good with 12 right now. And yeah, you should read into that, man, okay? Because that's a long-term estimate. And if they're not comfortable pushing out their production to 2027, then be careful in the screwed market going forward, man. Yeah, and maybe this explains a lot more about why crude continues to struggle even in the face of extreme geopolitical risk going on when we're stuck at $77 and we're paying about $3 at the pump, which is pretty remarkable in that context. All right, what else we got pulled up? Let's talk a little bit of data servers. This one's interesting just from Blackstone. Now, we didn't get to this one yesterday, but how about it? $25 billion empire of power hungry data centers. Gonna be interesting to see how this transforms the world. Private equity giant says landlord QTS could be one of the best investments ever. This building here is in Phoenix, I believe. Yeah, Phoenix is where they're pushing that one out. 60 football fields. Yeah, the first of five hulking bunkers are under construction only 30 miles away. Engineers are plotting another complex on 400 acres, three times the footprint of Mall of America. Yeah, $10 billion takeover of data center operator QTS in 2021 is what they did Blackstone. $10 billion takeover and they're ramping it up. And yeah, it seems like that's gonna be the par going forward as data is everything to put it lightly. All right, let's jump around to some of the numbers we have already this morning. GM with some pretty strong numbers there. Sees higher profits ahead as 2023 problems recede. They expect to throw off more cash from strong US sales and that the economy will continue to be resilient. You know, GM trading higher this morning, we jump over to GM. There's a pop for you at 9.3% for GM shares. Look at that pop, man. GM up $3.30, 38.68. You put this thing on a weekly. All right, where are we bumping into? We've got a little bit of area of ice, maybe at 40, 41 bucks up there you might run into. We're off the lows of 26 bucks just back in October. Pretty remarkable, but GM gets quite a bit up by 9.3%. Let's see how some of the companies reporting are gonna kick things off. You got Microsoft up by four tenths percent. You jump over to Google shares. They report after the bell. Google up about one tenth percent. We're gonna talk about AMD next, folks. AMD shares, they're also after the bell. AMD, down a little bit to kick off the trading session. Stay tuned, folks, don't go away. We'll be back in three minutes. TFNN has just launched their new trading room, the Tiger Zen, 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. And now they are expanding their reach with the Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas. Interact with other Tigers and Tigresses as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. So it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. 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So remember, we got Microsoft, you have Google, you have AMD, those are the three big after the bell today, among many others, of course. But you jump over to AMD. So we're negative about 70 pennies. We're off by about four tenths percent. When you're looking at the expected move right now, you're talking about about a $16 move priced into this equity in either direction, right? You're trading at $177.50 almost and you jump down to the $177.50 strike price. The puts and the calls are gonna cost you about $8.30. You're looking at about $16.50, $17. And that is if you want action through Friday, right? A lot of that $15.50, just having to do with the action that you're getting through tonight. But nonetheless, you buy those options, you're looking at $8 to $9 in either direction. You have to make up just to cover the premium. Point is, huge move priced into AMD shares. And not surprising with the one that they've had, man. This equity just traded folks in October from $93.12, you doubled it to $184.92 last week. We're just off those highs. You put it to the 15 minute and you see, we've just been chopping around since making those highs last Thursday with AMD shares coming out after the bell. Jump over to Microsoft. And yeah, that's a record open for Microsoft, man. Closer to 410, you did make it up to 414 in the overnight session, but you're backing off a bit. We're at 411.41 right now from Microsoft. And I mentioned Google. They're out with their numbers after the bell as well. Google 140, excuse me, 15481. You jump over to the weekly. This thing's at all time highs. And if you're looking at a possible A to B, C to D projection, almost 170 on that equity. You jump over to Google and you're looking at about $8. So percentage wise, right? Now it makes sense, man. Google, not quite the company AMD is in terms of the volatility they might have on their earnings. You look at Google, you're looking at about an $8 and 28 cent move priced in for their earnings. What is that? About a 6% move possibly priced in for the volatility you could expect for their earnings and you jump over to Microsoft and you're looking at about a $17 move for a $411 stock. So about a 4% move. So again, right? Microsoft, about a 4% move priced in in either direction. AMD, 9%, 10% almost and Google at about a 6% number. All right, we jump over to UPS with their numbers today. How about 12,000 workers, 1200? 12,000? Yeah, 12,000, 12,000, 12,000 jobs is what UPS is gonna cut as delivery business slows. Domestic and international volumes declined in the final quarter of 2023 from a year earlier. And it's already been a tough go around for these companies, man. You take a look at this thing. It's been on a one-way trip for the last two years from 233. We came into those earnings in almost 160. And boy, this channel almost draws itself, man. You line up those highs somewhere to that degree. The bottom side of that is pretty close as well. You get some tough go arounds for UPS shares to the downside. And the tough part is, you know and where does this line up, right? An art, not a science, man. It's a little bit higher. Maybe it's a little bit lower to encapsulate all those highs you got back in 2022. But you see, basically it's been a series of lower lows, lower highs, we're trading off the upper boundary line of that channel. And boy, it's a tough go around to put it lightly. And FDX not far off from that, man. You know, they're up to 319. They've had quite acceleration, but they even they're off 2.1% on those UPS numbers. And yeah, they're gonna be cutting 12,000 workers is what they're doing. A move that the package delivery giant said is gonna result in a billion dollars in savings. Most of the cuts will be to full-time and part-time management positions and contract workers, okay? And executives said they don't expect these jobs to return when parcel volumes return. They're trimming the fat, man. Be interesting to see how this comes down in terms of their last deal they got. All that talk was, remember when it was all put out there that UPS drivers are gonna be making what was it, $170,000 a year, I think in five years at the end of that contract that they just signed. But yeah, not everyone's protected in there when business slows, excuse me. 12,000 workers, man. They have 85,000 workers in management is what they have. So it's a big number. They got a lot of workers out there, but UPS trying to write that ship and it's been a tough go-around for them. All right, what else we got pulled up here? Yeah, I mean, this one we all kind of know, right? J.P. Morgan, they're warning that we got a big concentration in U.S. stocks, man. The top 10 stocks are nearing historical 2000 peak. Strategist one of a pullback led by top U.S. equities. Well, we get to find out a lot today, man. And yeah, they're nearing that level, folks, but things are different, I know. What a phrase, right? Don't quote me on that one. But these companies are taking a lot of money to the bottom line. Microsoft might have a PE of 39, and that's a little bit intimidating. But if you were around in 2000, folks, all you had to do was push out a company that had .com in the name. Maybe some of that's going on with AI right now, okay? But the companies that are getting a lift from the AI right now are the biggest, most profitable companies in the world. And that wasn't quite the case back then. I mean, you did have instances, and I like to look at it, man, Cisco. It's a great discussion when you look at a company like Cisco, though, because look at Cisco. When you run up on multiples, man, you can be around 25 years later, okay? And you can have a strong company that's grown for 25 years, but guess what? When multiples get out of whack, you can never make up the difference. Cisco gets up to $82 in the year 2000, right? And yeah, it takes you, what? 25 years to get back to 50 bucks. Now, listen, you were back down at 10 bucks from 2002, okay? You were back down at 15 bucks in 2011, and since then, it's had a nice run. But nonetheless, that's one example. There are many others that are not around, of course, over that series of time. All right, we gotta talk about this one, man. So Elon, he's moving on from cars and he's coming for your brain. Elon's out there on X, formerly known as Twitter, saying the neural link has been implanted in a brain chip, has implanted their brain chip in a human. No details about the patient given, probably good for their privacy, but Musk says the person's recovering well, and we are on the forefront, man, when they're putting chips in brains, not just in products. I've read a few articles on this one, man, and it's one thing, you know, having a car company, it's another one putting chips in people's brains. If there's one thing that Elon does do, is that he over promises and under delivers occasionally. And when you're talking about the health and putting chips in people's brains versus just a car company, something you wanna be careful of to put it lightly. All right, let's jump around. Apple shares, right now, down about 310th percent, 191.31, gonna be interesting to see if Microsoft lives up to the hype, man. They're the only trillion, a $3 trillion company in the market right now. Apple, just under that price tag, Microsoft up about a buck 43. You know, CNBC was pushing out this morning to pull it up, it's interesting. They labeled it as breaking news, CNBC, and I was thinking to myself, I wonder how much they're getting paid. And that was the headline of breaking news this morning. Apple Vision Pro review, this is the future of computing and entertainment. 3,500 bucks is all it cost you. The expectations, are they gonna sell more than you initially thought out there? But nonetheless, we're getting some reviews and people like it. And yeah, it is probably gonna be the change in terms of how things get done. Nobody thought you were gonna be on your phone all the time, right? But it seems like, whether it's augmented reality, virtual reality, somehow transforming your phone into that reality, I think it's all coming down the line eventually. Apple shares slightly in the red, Microsoft slightly in the positive, stay tuned folks, we've got one more segment, don't go away, I think we're gonna have a special guest coming up. And his name maybe, Tommy O'Brien. Thank you. 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 OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tommy O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30 day money back guarantee so you have nothing to risk. Subscribe to Tommy O'Brien's Gold Report newsletter now at TFNN.com. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFNN, we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. A must-have tool for every trader out there striving to find an edge in today's markets, TFNN newsletters cover every aspect of the markets so you can analyze the market before you trade. Try any of our great newsletters risk-free with our 30 day money back guarantee. Just visit the Newsletters tab on the front page of TFNN.com. TFNN, educating investors. 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. Hey, did you say welcome back everybody? Oh, welcome back everybody. What do we got Tommy? We got stocks in the red. Oh, who was that? Did you show him? Whoa, who's that? Whoa, whoa, whoa, whoa, whoa. Who's that? Tell him. Buzz. It's Buzz, it's Buzz Lightyear everybody. Tom O'Brien, Tommy O'Brien. Say hi to everybody, there you see him. Hi everybody. Hi everybody. Look who you are. Are you wearing your skeletons too? Oh, oh yeah, we got the good skeletons. Look, they can see your Buzz and everything. You see that? Hello. Hello everybody. Hello, this is Buzz Lightyear. Whoa, whoa, whoa, whoa, whoa, whoa. I am Buzz Lightyear. Tommy loves to show you. He wanted to say hello to everybody. He misses you. Tommy, we got Microsoft earnings after the bell. We got AMD. We got Google. What do you think? Are they gonna beat? Are they gonna miss? Are they gonna beat or miss? We're watching Buzz. Oh, are we watching Buzz? We're moving on folks. We love McQueen. We love dinosaurs, but we're onto Toy Story. To Toy Story 1995. Hello. Hello, hello Buzz. Hello Buzz Lightyear. Hey Tommy, do we have a birthday coming up this week? How old? How old are you gonna be? Tell everybody. How old? Three. Three. Show them. How old? How old? Three. Three. Three old. Three years old everybody. I know, huh? They all remember when you were born. They were watching three years ago. Hello. Hello. 1995 was Toy Story. We've watched Toy Story one. Hi mom, I'm a Queen game. You are your McQueen game. I know. And then you're doing pterodactyls. Are you doing pterodactyls too? Oh, he's flying. Were you flying? I think you were. Yeah. All right, Tommy. We gotta finish up the show. We're gonna take a look at Microsoft as we come in. Tommy, Microsoft's got their earnings. The stock. The stock never goes down. It's up three tenths percent. Do you think they're gonna beat? How's Azor gonna do? What do you think? The cloud? Cloud. The cloud. I know it's all about the cloud. Can you imagine what life's gonna be like when he's my age? Folks, 40 years from right now. Imagine what those numbers are gonna be like for Azor. My goodness, right? Oh, he's flying. We got pterodactyls here, folks. Wow. Wow. Tommy, what's the raptor saying? Can you give him a raptor? Crap. Crap. Crap. Crap. Oh, what's the pterodactyl say? What's it say? All right. Crap. All right, and then this is the end. Let's give him a T-Rex. What's the T-Rex say? Woo! Dominus Rex. What about? Woo! Whoa! Folks, thanks so much for tuning in. Stay tuned. We got Basil Chapman. I can't show you the T-Rex. You can show me. Say bye to everybody. Bye, everybody.