 The TFNN Bull Bear Trading Hour every trading day live at 10 a.m. Eastern call now toll-free at 877-927-6648 or internationally at 727-873-7618 the TFNN Bull Bear Trading Hour now Tom and Tommy O'Brien welcome folks appreciate your growl and a problem with us out here right now we have the now industries down 588 you get the Nasdaq off 243 S&Ps down 72 that's some what'd you say one of those numbers seriously man that's some heavy action on the way down folks we haven't seen this for quite some time gold contract gold contract caught a bid that's up 1030 trading at 1297 silver still a problem I mean it's pretty interesting you're watching well it's not interesting it's a bummer watching silver silver cannot catch a bid you down 3 cents 1477 bottom line gold up 10 bucks right totally totally and it's been a laggard it's been a laggard in a big way you get might see crude up a buck 28 trading 62.94 now that's not that big compared to like the news out here this morning's at the Saudis are saying that someone's interfering with the neither tankers right yeah right and so that's really intriguing I mean you know if there's something serious that should be up a lot more than that sure it's not notes and bonds bottom line that's already bunny they want higher price lower yield you get the 10 year up by half a point 16 ticks right now 124 15 30 years up 25 149 14 and King dollar King dollar is down 245 ticks trading 96 885 King dollar you know it failed the whole price we'll see that 94 650 game now bottom line we'll see if we get any volume on the way down we get the Euro trading at 112 53 the yen is out here at a 109 and that 109 inside the yen too by the way gets real action going in the gold market the pound is at 130 to 1 US dollar iPhone numbers 877 9276 648 we get over take a look at that S&P we'd have out here and all the indices folks we had the higher volume last week it did reject lower price on Friday but guess what we explosion of volume bottom line they're right back down here this thing right now the spies suspect let's see we're 281 well 277 game here this little swing point and if we go intraday let me take a look at this well it all started before 930 yeah right no totally we can pull up the the future even just even as I think right here cuz you can see man it was it didn't start too crazy in terms of that's last night at 6 o'clock 20 2862 you know you had China retaliating you know at the headline in terms of I'll just pull it over right as we're because it's you know Friday ours going to effect well Monday morning they tell us that there's a going into effect June 1st you know $60 billion of goods and they kind of break it down their 5,000 products as high as 25% duties on some other goods will increase to 20 those rising from either 10 or 5 big numbers you know and then the next question is okay then what do we do so I mean that's a fear you know that is not the settling of things and that's a lot of what's going on well yeah and these S&P 500 companies are gonna go out of their minds folks because the bottom line is that this is where if you're a fundamentalist guess what you're paying 25% more on the goods you're taking in now that's not a wholesale price but that's still big money man that's that's the bottom we know they don't have 25% margins on those goods right so that means they have to charge higher prices we have to pay higher prices for the same exact goods yeah that takes money away from something else yeah oh yeah it's a tax it's an outdoor tax that's the bottom line so it's gonna be a wild one watching this thing shake out notes and bonds you get the 10 year right now let's see we're at 2.4 so we'll see we can break 2.4 today yeah the the low is like 2.366 pretty close right yeah almost four four 100s for you know yeah pretty close yeah do it oh man this is pretty intense folks so you got quite a daily chart it's I GPO you know you went public Uber went public on Thursday night forty five dollars that trading Friday bottom line get up to like what it doesn't even yeah I did even make it to 45 I don't think so just silence that yeah I mean it pretty close right I mean I don't think it made it to 45 I'm seeing 44 81 give or take no matter what if it did but I don't think it even printed 45 let's put it on a daily to see what that bar is yeah I mean they couldn't even get a it's not gonna matter how long we do it what is the high there 45 on the dot wow they somehow got a they got a 45 prints that I wanted to see I couldn't even find the bar though right on on a ten minute in terms of dollars it's almost down 20% from its IPL yeah nine nine bucks would be 20 on the dot so why FT now lift is an ABC instruction on the 41 so we hit 47 thus far this blew away lift 62 I believe was at the IPO 75 was it 72 okay my god yeah I needed it that's sick yeah they obviously had higher valuations than the market is perceiving yeah and what's interesting is you'd really really smart people in terms of private equity money coming in at high valuation so they were a bit off too in terms of number and that's why you know that's a dicey game private equity you better know what you're doing that's why they don't let retail investors into the market because man to peg a market cap with a very small buy-sell totally market demand you better be right and usually they're coming in the companies are growing even if you make a mistake marginally in a year and it's up for to something well not the case when you're buying into companies at a valuation that's a private company of 75 billion dollars it's a hot potato yes you're you're the what do you call them when they're the other private equity guy that you keep venture capitalist yeah thank you your venture capitalist right I'm another guy coming in after you well your goal is to sell us for more money yeah and everybody's goal is though what do you mean no no totally except that what happens is that the venture capitalist they normally want to get out either they need an exit plan sure they've been in for a long time already and when it goes you're in then I call you committed so my god this is good that you're gonna sell it to me you're the venture capitalist but yeah you gotta you put a price on well I gotta hope that I'm right what is that on that price that yes saying it's 60 bucks I'm saying well maybe it's 60 okay I'll pay you 60 you're talking about the IPO price I'm talking about I'm trying I'm talking about the I think what's going on here is that is that no is that all because the way private equity has worked now is that the reason that these are pricing out and an IPO is that they've gone they were private for so long and they really got all that money yeah that's where companies they're very isolated I wouldn't group it as much private equity we've seen we've seen the meat IPO go gangbusters so that's not the same you know I mean there's it's just lift in uber there's there's they've overvalued the ride-sharing market and the market saying hey they're gonna be big but they're already enormous they're already ubers are ready even at this valuation they just want public and they're what a $60 billion company right not the end of the world right you know it just they really talk them up because if you remember to they came in so low before lift went public yeah uber was valued at $100 to $120 billion the IPO at 75 and they're down almost 20% from that number so it's way off of where they were hoping to go to the market and it's interesting that Aziz saying that icon sold lift before the IPO yeah good move kind of speaks to that smart money right oh my god yeah 8779276648 so if we take a look at the percentages NASDAQ is taking it on the chin big time they're all on NASDAQ is all about 2.9% you get the S&Ps down to Dow is down to stay right there folks Tommy I come right back the Taz profile scanner is the most revolutionary piece of trading software that you will ever try 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comfortable moderated atmosphere here all the TFNN shows plus see all the charts as they happen live and have access to archives of all of those charts you can test drive the Tigers den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you details on the Tigers den or on the front page of TFNN.com TFNN has launched our brand new website you can still visit us at the same TFNN.com URL but when you do you'll see a new and improved homepage with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions we even have new pricing in six months and yearly options check out the new TFNN.com now and experience all the upgrades TFNN.com educating investors call now toll-free at 1-877-927-6648 internationally at 727-873-7618 welcome back folks some of the high-of-volume equities out here and you get some slamming down here man you get you get Apple down that $10 you get Microsoft of 281 you get Nvidia down $5 take your poison man look at this Tesla's down $12 Roku's positive today good for them we're chatting about them Friday it's got to be great to be a shareholder and be positive on today man seriously sick yeah Tesla I mean they're gonna be building a factory in China right I mean they're they're you're doing business in China big business today's not a good day it's look at this yeah so Tesla finally broke out its bottom so this is gonna be big trouble for Tesla yeah and they have more rows than just yeah a factory in China but they're dealing with everything else and they're gonna deal with trade problems with trying to build a big factory in China right so they get you down 12 bucks you're breaking the 244 mark yeah and that puts game man at 163 you better believe it which isn't we just dropped from what's the high here 379 379 to 250 bucks 227 in the span of that's December 7th so yeah you better be be aware that pretty amazing definitely that's you got some big numbers here so let's go take a look at this gold contract so you know we have gold moving yet you have volume behind the move in fact we had volume all last week just before we jumped off Apple I saw a headline as well that they actually just lost the Supreme Court case to today I saw if you want to pull the news Apple did in terms of their store and so I think that's hitting it even worse yeah so iPhone anti-trust suit that's the last thing they want so the Supreme Court consumers can press head with a lawsuit that uses Apple of using its market dominance to inflate prices in its app store 5 4 ruling so that that's I meant to mention that I saw that pop up that's a big one that's what's hitting Apple I mean tough day for Apple man because they are they're a huge company in China they're already going to get hidden and you know you're going to see more of this because there's some in my opinion validity to that I'm an iPhone lover right but the way that they control a marketplace that's you know only one of two in terms of the Android marketplace and if you're on the iPhone you have no other way around it and they charge it in order prices to even get in there right so I think you might see some and you obviously do there so this is interesting too so this is so this is a 5 4 ruling folks and now what's interesting is that Kavanaugh is a swing vote yeah you know there's an interesting article today I saw I've read a couple paragraphs of it comparing Kavanaugh to Gorsuch and just talking about how Gorsuch is going very conservative Kavanaugh is going with Roberts in more of a conservative leading but more towards the middle but then they also said be careful judging judges judging judges by their rookie year only because it takes some time to settle in and you don't want to just show up on the court and and cause a ruckus even though you're there forever but interesting interesting no it is especially with that coming out there's a head of it they're into the institution which is thank God I should be thank God totally if anybody should be it's the Supreme Court justices yeah that's so you said 30% Apple takes of anything that you charge in that store which is pretty crazy you might see that get hit yeah in terms of right I think I've said before if you sign up on Netflix through the Apple store yeah Apple takes 30% of that for nothing then you have Netflix only resulting in 70% of the revenue trying to spend billions to service and I literally said in front why would you ever sign up through Apple then or through and it's just convenience you know and that's where but they own the dominance yeah so if we take a look at the gold contract out here folks what you're gonna see is that it broke its downtrend now what you're gonna see here too is this this is if you want to understand just like pushing with volume you can see last week we were pushing a swing with volume you had plenty of sellers up here man just couldn't handle it but guess what you we broke topside this morning now on this break this is also saying that we had a break with conviction and a break with conviction would be you break the trend line you do have wide price spread you can accelerate its volume what's our man by Ralph say yeah no it's got to come back down to test it right oh yeah well yeah it'll get back taught it will go higher and then come back down and test that line exactly that channel line yeah and so now game is on though with 1365 and the gold market now silver this is this is a this is a big problem child here man I mean particularly you know you get the dollar down okay so si and si and so it's like okay you don't have any buyers of silver man look at this you know I mean it rejected lower price out here today but it certainly hasn't got any strength yet you know you came back into the strength from the third yes may we got down to 1460 or at 1477 you just draw the same lines almost super clear in terms of there's no break I'm not trying at all right yeah exactly you know yeah or even if you start right no matter where you start even if you start at this peak it'd be cleaner you know in terms like not even close yeah so you know that's that's important to understand folks that that divergence is important to understand now if we go over to the dollar and we take a look at the dollar DXM the dollar is that has some volume on the way down today you know we get 10,000 contracts we haven't had that kind of contract volume at 10 o'clock quarter past 10 in the morning exactly very few days trade wars are developing right in front of our eyes right in the in the real time yeah and so bottom line is that would get with game now is that 94 650 basically is game you know and we'll see what they get we get a follow-up was it was at the high of that bar I think that's a little bit lower 94 350 150 150 yes thank you so you know we'll see whether they get follow-through what has happened in the dollar index is that we get one day of volume and then all of a sudden the selling next day stops you don't mean so we'll see where that whole baby goes market-wise the it doesn't matter what equity bring up actually let's go look at the end the X100 because this is the one that's getting toasted almost 3% right now you have only the only one that's up in a hundred xl energy xl energy it's up 16 maybe some oil action yeah I think there's curious what pops up electric gas maybe just energy related generation transmission distribution of electricity throughout the United States Colorado 52 we kind today maybe they had earnings now either way but and now on the way down you're talking about some major oh I wonder if that's so pharmaceutical right we'll talk about it more but that deal with the generics yeah my line would be one of them that's a generic one yeah my lens down seven and a half percent win down 5.7 you get tested out 5.4 maximum integrates down 5 chip stocks getting hit bad yeah so if we go take a look at when when said that they go to maybe I was up you up there there's talk about you know that new Everett casino right opening and being pushed back and I think it's gonna be a couple weeks yeah you know but they what the CEO is saying is that he just wanted to make sure there wasn't a mistake I know but that it wanted to be perfect well that's what he's saying anyway that's why he's pushing it back a couple weeks well yeah let's go into the Dow industrials and take a look at the strength versus the weakness inside the Dow IMDU and inside the Boeing look at this there's nothing it's gonna be yeah come on Boeing yeah so Boeing will pull out up to you that's putting 76 negative points apples putting 67 Goldman 42 I was gonna say Boeing you could see him and that's a China's gonna run out of tariff opportunities and that's where you could see oh we're gonna cancel all the planes we're gonna buy from Boeing over the next 10 years or something like that I mean just very real stuff that if you're a shareholder Boeing be aware China buys a lot of planes and if things really ratchet up they're gonna have to resort to other areas to kind of tit for tat right yeah 292 game we're 342 this doesn't even get into I flew this weekend at 737 max yeah right my plane got delayed slightly last night and I literally was thinking I'm glad I don't have to worry if I was on like a 737 max because I would if it's all delayed what's going on am I on a max and I got nothing yeah Sarah there folks Tommy and I come right back down right now it's down 515 as a golf free no 235 S&P's down 69 come right back if you'd like to get my daily newsletter market insights then now is a great time to sign up for a 30-day free trial every morning by 9 30 I send out my morning letter to subscribers with market commentary on a variety of markets currencies and commodities to keep investors up-to-date on the day's trading action included in market insights a specific buy and sell 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559 the Nazics off 246 S&Ps and I down 70 this thing's not stopping let's go to our man Paul and Henderson Nevada what's going on brother happy Monday gentlemen how you guys doing today morning Paul happy Monday to you too well man I know you're doing good oh baby but you know what I'll tell you about this Bitcoin I think it's time to lighten it up here wanted to see if you got to take a look at the chart and let me know what you guys think yeah we got it out we even pulled it up on a weekly just real quick to see kind of man quite a run going back to what December of 2017 is that when was the high where am I looking yeah December 17 I pulled even a little bit closer one put on a daily quite a run it's had recently man yeah so you know when you look at this Paul okay so what we have is that you come off the low you had a few signs of strength it looks to me like I mean there's no reason this you know can't get up into this like 8400 pretty quick so you look in July of 18 yeah I mean it already launched you know the 6500 you know and when you look at this just you know we don't have volume on this but let's say if I just looked at this just technically well you know it's a classic setup man you know meaning that you whooped the 19,000 you came right back to where it had strength and where the move almost really started which is September the move actually started at 12 1330 but you know came back there it's like okay man now you game you know it's always a classic well what I mean by a classic is that you know you get an implosion classic buy that I wouldn't have bought it but you come back to a you come back to strength now I don't have the volume so I don't know what happened there do you know what I mean but I could argue that's like a classic to zero eventually I feel like that's all my head goes I'm just I had called back when it was that in that 37 level and I had a sign excuse me you know something that I learned from you Tom and I that was a point to where I said this is a high probability of a pretty good found yeah we have the other stuff that we were talking about where we almost have the full 90% you know we had a really big correction off the high so things were lining up to where you know the bounce could be pretty big substantial yeah as we see and this is what the cool thing is folks when you when you do something like this okay is that even if it's a watch this even if it's a dead cat bounce it gets pretty intense because a point three eight two bounce we'll get you up to is that ninety two hundred ninety two eighty six yeah so a dead cat bounces normally a point three eight two it's like okay retracement from yeah exactly you know it's like wow you know the only guy disclaimer when you have things go down ninety percent they may not be behaving like normal Fibonacci is because things that go down ninety percent might not be on the way to zero but that's why we brought up the Amazon Amazon was down ninety percent two you know that we were doing this it's so weird I mean and monster you know that whole tech bubble in nineteen ninety no two thousand two thousand you know how to comprehend but you know the bottom line is that it did get out well the whole market didn't get on ninety percent but but I agree but I did yeah oh my god and I agree probably you're saying though is a good risk reward when it got to like thirty five or something and it's probably just like you're saying might be time to lighten up because the risk reward at almost eight thousand is it going to go to twelve or is it going to go to four right I'm sure as you know it's like well it could go back to four pretty quickly wow if it makes it to twelve that'd be amazing to see the two there it's like it seems like it's highly probable it could pull back in the same way they got that pop yeah the other thing that the other thing I'm considering by lightening up here is because we're getting into the zone where we had the first like real significant bounce on the weekly and we're kind of in that zone right now where it came all the way down to about six thousand and then we've bounced like ten thousand yeah we got it we're going back to what's the date January of 18 yeah and we got right to six on the dot it says there and then yeah we made it up to eleven thousand seventy eighty eight by mid February so the psychology side of it I'm thinking there's you know probably quite a bit of bag holders that are like thank you Lord yeah I'm just getting back to even it chopped around there for a while yeah what's happening with the rest of these Paul I mean is there I know you're out in these sites is it is there like if you know euphoria of people you know perk in the head up what's happening yes absolutely I mean especially the hotellers they're like see I told you guys you know they're doing all that and people are getting excited that there's gonna be more adoption you know coming soon yeah and over the weekend we got a major pump and all the coins they were up quite a bit in particular Bitcoin cash was up or like 20 something percent I mean it was pretty intense well it's intriguing that you know yeah well when fidelity we tell me how we're talking about last week fidelity is coming out and you're gonna be able to treat it well the institutions are gonna be able to trade Bitcoin on a fidelity platform so that's a big deal huge there's no doubt about it now the guy that I forgot is not twist that the guy that has this big he's involved in a big way he's claiming that because of this downdraft that Bitcoin was the winner now of all these cryptos have you heard this well I think Bitcoin eventually is Bitcoin is gonna be one of the big winners for sure you know if it's gonna be the last man standing and the only man standing in the whole crypto market I don't think so I think that the top five that I track that I trade a lot of Bitcoin light coins Ethereum EOS and Bitcoin cash I think those are gonna be around yeah I don't think they're going anywhere and there's a few other little ones like Ripple which the chart of Ripple looks very interesting to me right now because it's it's way the risk reward looks good I think there's gonna be several that are gonna stick around for sure yeah well it was interesting I heard this I heard the interview with this guy on Bloomberg right and they were asking him well hey listen man what can you buy with Bitcoin and he came right back he says well tell me what you can buy with gold and he was saying hey listen man the first he's concerned is really a store of value that that's where he's going with it which it was a it was a cool interview I mean just understanding because you know he had a lot of good points that hey listen now I don't expect this to be you know me and you swapping it all the time but guess what as a store of value people put their bread into it and so you know we'll see where this shakes out but he's certainly got action here man there's no doubt and so we got Ripple up here so Ripple's at 32 cents looks like it was a high and Ripple I was over a buck at one point $3.00 I think I'm struggling to get the chart as well on this one but yeah so on the bottom corner there Tommy you can pull up all the chart it will say like 13 USD markets on Ripple it says like 8 USD market okay and what do you usually pull up here for your chart there and what exchange do you what exchange you usually use for the chart Paul I usually use Kraken that's what I've been trading on a lot and that symbol kind of looks like the Republican elephant thing a little bit okay perfect I well you I free I got it up there so yeah $3.34 man wow okay putting that on a week yeah you know I guess I can see that go now because you know it's interesting Paul remember when when when a nap happening is it Bitcoin went first then one of the other ones then one of the other ones and all of a sudden people were making money and they jump into the next one next one next one as a trading vehicle so yeah I can see that yeah maybe keep my eyes on on the Ripple I have a small position the chart looks so ready for a bounce I mean look at it this looks ready yeah awesome man thanks for the feedback Paul thanks for the call Paul that's a great one man have a safe one stay right there folks Tommy and I coming right back iPhone numbers 8779276648 we get that out on 520 222 not S&Ps are off 66 come right back if you're in the CD market and looking for a secure investment the Tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg Florida the tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year CD in 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the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side 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 uh dow dow is down 497 we'll get the nasdaq off 230 we get the s and p's down uh 63 and um they got uh so this a is that in boston that's going to be out here today i believe so in boston at a fed listens conference yeah looks like he's doing more than listening he's talking yeah shoot it out so vice-chairman richard claritus of the u.s economy is close to the central bank's twin goals for full employment i don't think anyone can argue there and price stability not too much inflation making the current climate a good time to review its approach to monetary policy so they're prepared comments um and conference being held to explain its reasoning for assessing its policy practices claritus said the global decline in the level of interest rates that central banks used to keep their economies on even keel is likely to persist for years for years making it harder to support the economy during recessions point being you know we're at zero percent we're not we're two two and a half four whatever it is um but we're at we were at all time highs before the trade nonsense um what happens when the economy gets hit man and you gotta explain the decline in neutral interest rates which neither speed up nor slow down the economy increases the likelihood the policy makers will be forced to cut borrowing costs back to zero wow as the fed did during the 2008 financial crisis i mean this is not just a talking at this is the vice-chairman of the federal reserve that development in turn could make it more difficult during downturns from monetary policy to support housing spending business investment you can almost go etc etc etc try to economy um yeah it's it's a it's a worrying deal you know and you add on top of that it said that you're going to have an inordinate amount of debt we're running debts that are unprecedented at full employment that's not supposed to be how things happen deficits right um so you're going to have you know we are okay now but what happens when the economy needs some spurring when interest rates need to come down when the debt is going up in terms of servicing costs because rates are rising you're in your handcuffed this is supposed to be the time that you um pull back some of those two you know real to have a reload when times get tough and there's going to be no reload and if we take a look at this so we're at 2.4 right now in the 10 year and you can see this look at germany six tenths that's six one hundredth negative right yes forget switzerland they've been negative that negative three tenths of one percent the thing is a mind blow is that even when you know like when you look at france three tenths of one percent italy well point six well the the switzerland is not about to get into a trade war so the franc might be fine that's that's where i'm just that's where you have you know it's it's um dollar index down like 300 ticks today right right right um and the one let's say you know if you're lending money getting three percent but the value of the dollar is going down the one offshore is almost getting to seven yeah six point nine percent so this is a chinese currency look at this folks so uh six point nine now i forget we were at six point seven when i was in china a few weeks ago yep but what i don't know is that this is the offshore versus but i was i would change the money at six point seven that's the bottom line so this we pull this back is that one dollar get you six points yeah six point seven one to one us dollar okay so this is six point nine now and looks like the last high out here was uh six point nine eight right so we'll see you bust that baby and let me pull this back for a well this is interesting this i don't know how long they're tracking this that only brings it back to 2010 okay so they've only been tracking this 2010 but the highs since 2010 is six point nine eight i guess that that seven must be a psychological number yeah you know yeah yeah so you get are you gonna oh i know the the the myl let's go into this generic jug well if you want to start off we'll start off with myelin but teva is going to be the one that you want to jump to okay um teva i think yes they're down about 13 percent today they are at the forefront of the investigation going on yeah check that out down two bucks you're trading at 14 30 now you're trading at 12 30 and look at this i'll bring this like a 20-year monthly oh you don't even have to do that yeah we said 72 dollars yes that's pretty intense it is pretty intense so that's going after that it must be going after look at this it's just this was down there in 2017 right yeah yeah ten dollars eight ten dollars eighty five cents that's just gonna pull up the actual article where we're looking at we're looking at it on the web or uh no that's so you said it was 44 states we can just pull out and going after the pharmaceuticals for price-fixing so i didn't get a generic yeah big articles about this it might have been mentioned on 60 minutes too i'm not sure i didn't catch the last night i was hearing but either way 44 states suing uh 20 companies total teva and 19 others 15 individuals actually named which is pretty intense in terms of it's usually just companies right literally 15 individuals that were at the key of carrying out this screen this scheme um teva coming out saying they're gonna fight it while surprise surprise so teva orchestrating a sweeping scheme with 19 other drug companies to inflate drug prices sometimes when we're buying more than a thousand percent and stifle competition for generic drugs and yet 44 states going after them not a partisan or deal soaring drug prices from both branded and generics sparked outrage you've seen a lot of congressional you know panels whatever talking about it so 20 drug companies engaged in illegal conspiracies to divide up the market for drugs to avoid competing and in some cases conspired to either prevent prices from dropping or to raise them um so that was filed on friday by the u.s district court in connecticut and uh let's see the allegations of this new complaint let's see this teva that's teva's response 500 page lawsuit accusing the industry which mainly sells medicines that are off-patent and should be less expensive of a long history of discrete agreements to ensure the companies are supposedly um competitors each get a fair share i mean horrible we're all paying for that oh um teva at the center of the conspiracy the drug companies colluded to significantly rate rate prices on 86 medicines between 2013 and been paying forever yeah and that's this is just what they can prove right i mean it's it's pretty intense um the drugs included everything from tablets to capsules to creams to ointments to conditions including diabetes cholesterol blood pressure cancer epilepsy um yeah pretty remarkable pretty remarkable so and the thing that's interesting that what they have them the allegations they have 15 individuals as defendants who carry out the scheme day to day so you know and they have to carry out day to day because it's because it's you know you can't keep prices high unless everyone is on board man yeah you know it's like pretty intense yeah generic drugs are one of the few bargains in the united states health care system lawsuits said however it added prices for hundreds of generics have risen well some have skyrocketed without explanation well no there's your explanation yeah there's your explanation and our man basal Chapman in the den he was watching 60 minutes getting ready last night i think and he's saying they had emails with the same day raising of the prices um by consensus by consensus everyone raise your hand we good for higher prices boom yeah let's go man let's do it let's do it let's get it done amazing um see y'all let's go take a look at that oil market so oil's having a high time catching price you know you have you get a pop out here today to 63 33 um 532 000 let me look at that that might be some volume okay see this like 900 is the number yeah like 800 it's about the number there yeah that then that's pushing a little but that's pushing with some volume yeah and you can see it right you get the action in the market you got the action in Saudi Arabia we're talking about the tankers for sure oh look at that yeah it's in both ways yeah look at that stay right there folks Tommy and I are coming right back 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 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 six and three months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and i'll teach you the exact set of tools that i use that has transformed me into one of the best at what i do sign up for mastering probability today by clicking on the newsletter tab on the homepage of tfn.com and get immediate access to workshops where i take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today it's amazing to think that tom o'brien started his weekly gold report 17 years ago with the first issue published 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charts from the late 1970s into the 1980s basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call basil's daily trading newsletter by visiting the front page of tfnn.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to basil's newsletter the opening call today by visiting tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com folks uh dial nazik s&p's uh still uh bottom line is uh no buyers out here so you know what you had on friday you know you got you got that bounce coming up um you know supposedly because i guess we were going to have some kind of a deal or the the deal wasn't going to be uh as bad as that folks thought um bottom line is that all these indices have volume and it looks that let's say oh yeah we're going to have expanded volume today you're already at 19 uh million and the ndx 100 mark was definitely hoping the china wouldn't come out with specific retaliations by monday morning that's for sure which is where we got no doubt no doubt and you know we'll see with uh the the one deal out here folks that is not well let's put it this way it's not on the table yet is the bond market you know because they're still buying bonds hand over fist but you gotta remember something china is the largest bond holder you know now i don't think they're gonna basically pull back the reason being is that they have so much cash that they've been making so much money on this bond trade for like 10 years that's insane you know but that guess what that'll be serious business we did see it wasn't there a bond auction last week that was like abysmal it was abysmal that that was the weakest one in oh i since 2007 you say we haven't seen any pullback i would say maybe we have already yeah no that was the weakest one since 10 2007 there's no doubt about that yeah and that's important to wrap your head around yeah you know i wouldn't say that that the i think the main one of the main problems i have said it's a million times you know when a fight starts and you forget how the fight started and then it just keeps escalating and that's kind of like where we are with these taffwars it's just you know you get an escalation over an escalation uh until all of us are paying a lot more money for goods i don't think anything's gonna change and then you're gonna have a like a little social deal on your hands that all of a sudden we're realizing that oh where's our money you're paying more money for everything you're buying and you know bottom line you hit the pocketbook on the tax the ironic part is that trump did the big tax deal but then this is another tax deal you know just as this is the other side of it that we're going to pay more money versus the 2017 tax i don't think the big tax deal is that big of a tax deal um as in nobody really saved a lot of money in the bottom half and now they're going to pay a lot more so there wasn't a a give and take for a lot of people stay right there folks we get fast mark coming up next in a man basil chap and steve rhodes dave whiteback just afternoon thanks pal thanks man well i'll get them folks