 And good Friday morning everybody I'm Tommy O'Brien coming to you live from TFNN just after 9am Eastern time as we got 24 minutes to go until the start of trading and you have markets accelerating higher we got some decent retail sales out this morning a lot of news this week kicking off earnings week we got the banks out we have city out we got Wells Fargo out we'll kick it off in the markets S&Ps up almost 1.2% how about getting back to basically right where we are prior to the Wednesday CPI data that comes out at 8.30 in the morning on Wednesday you back it up we're right there folks 38 37 in the S&Ps you're up by 1.2% and you're a solid 115 points off the lows that we had less than 24 hours ago how about that for some volatility Nasdaq 100 you're above where we came into the CPI number you're actually just coming into the peak that we got right after that number Nasdaq 100 you're approaching 450 points off of the lows we had basically almost yesterday you're solid 400 plus points off of where you were at 10 in the morning on yesterday just in 24 hours the Dow inching towards 31,000 that's a solid 900 points off yesterday's low again the Dow back to almost right where you were prior to those CPI numbers quite the volatility in both directions and we just rate end up back to where we were prior to Wednesday's action you talk about 48 hours of volatility in both directions and then we have the Russell up almost a full percent almost back to that area as well Bitcoin catching a little bit of a lifeline we were under 19,048 hours ago and we're back above 21,000 right now Bitcoin 21,065 crude catches a little bit of a bid how about that acceleration yesterday we almost got an 89 handle as I was wrapping up the program I mean look at this hour that I was on the air yesterday you had crude kick off the program with a 95 handle and you traded down $5 over the course of the hour but guess what by 2 30 you were back to 97 in this morning we just hit 99 President Biden in Saudi Arabia no deal out of there maybe that was the optimism yesterday no details no deal at all yet oil rises we're back to almost 100 bucks right now crude excuse me that was crude gold flat at 1706 been a tough week for gold gold not quite back to those levels that you're talking about before the CPI data on Wednesday gold trading at 1706 we jump to silver up about 42 pennies check out the slide in silver right from the Wednesday spike you're talking about from 1940 almost down to 1801 we're back to 1864 the price of silver right now and we jump to notes and bonds where are we there we are you got the 10 year almost right back to where we were before the CPI print as well right you got a 10 year yield right now 2.95 the 10 year positive by three ticks on the session although putting this on a minute chart a little bit of a drop off there 857 in the morning we were trading at 128 you just dropped almost 10 full ticks folks in the last 12 minutes it's gonna be an interesting Friday in these markets after quite a volatile week and we jump over to the VIX volatility index today VIX I mean look at this action man VIX well below where we were coming into Wednesday at the end of the day and you're back to below we're talking about lows up until Monday at 2541 as the market seems a okay right now with everything going on and let's jump to the news of the morning retail sales top forecast keeping big Fed rake hike in focus I mean what's the deal right I thought good economic news tanks the market why is it going up I'm pretty much serious folks when we get a strong jobs number right all the rhetoric to back things up okay this is just you know don't be blinded by some of these headlines because at some point they're not all correct if they're if they're talking about different deals now going back 10 days okay remember there's Friday's jobs number okay a healthy economy is very intimidating to the market right now because the Fed is on such a course for hiking now remember we got a strong jobs number for non-farm payrolls in the month of June there's your 830 reaction in the markets you traded down before you traded back up but then guess what this week I mean it's all been negative action since this morning okay but this morning you had no negative action at all a strong retail sales number following an inflation print of 9.1% should indicate that the market should be expecting some really aggressive hikes but maybe that's already priced in if we have this market rising from here I'm not sure if you have it figured out give us a call let me know 877-927-6648 it's quite the conversation because you have those competing factors going on right how good is the economy if it's too good while inflation persists then the Fed can make the argument that we're just going to keep hiking okay the reason why the Fed would pause is to not hurt the economy if you have retail sales and you have jobs I mean if you have sales and you have jobs and I guess you need profits on top of it so that's gonna be a big earning season that is the economy folks the stock market price is not the economy okay the economy is jobs wages sales all right let's get into the retail sales number the value of overall retail sales purchases increased 1% at after an upwardly revised 0.1% decline in May the figures are not adjusted for inflation the market was looking for about a 0.9 advanced in overall retail sales from a month earlier so they're not adjusted for prices the better than expected results indicate that the consumer demand is holding up despite the Federal Reserve policy aimed at tamping it down conversation shifts to 75 or 100 basis points we'll see where we go from there but yes that's the headline number there it is on CNBC as well 1% in June better than the 0.9% estimate now here's the kicker those numbers are not adjusted for inflation in inflation rose 1.3% on a monthly basis indicating that retail sales were still slightly negative they're not even keeping up with inflation but nonetheless you're talking about a beat of expectation okay gas stations online sales and bars and restaurants some of the biggest contributors gas stations should not be surprising bars and restaurants shouldn't be surprising either where we're gonna want to get back out for the foreseeable future excluding all autos the monthly increase also was 1% so even excluding autos they really beat topping the 0.7% estimate gas sales rose 3.6% as prices at the pump were about $5 a gallon during the month of June bars and restaurants increased 1% online sales 2.2 furniture and home store sales up 1.4% that's kind of surprising in the retail number there consumers have been resilient in the face of the highest inflation yes it's 1981 and we just posted a print of 9.1% so debt to after-tax income has been rising but at 9.5% well below longer-term levels I mean there's a there's a lot of data in this market the Fed can point you folks and say hey these are pretty good here right we got retail sales up a percent we got unemployment at 3.6% we have 1.9 jobs open for every American that is looking for a job and is unemployed right now we have debt to after-tax income at 9.5% still well below longer-term levels right and what would be the other side of that the other side that would be look at the look at the stock market is tanking right folks their mandate is full employment and stable prices we are beyond full employment and we are not even close to stable prices keep it in mind if this data persists kind of surprised that we're drifting upwards with a strong retail sales number a very strong jobs number and a horrible CPI print I mean could it get any worse for the feds recipe here right go back one week ago before we got non-farm payrolls at 8.30 in the morning last Friday if you'd said what's a kind of a worst case scenario for the Fed right now when you think about where they are where they need to go I would say one of the worst cases you could have is that you have the economy just skyrocketing you have jobs continuing to be added you have retail sales continuing to beat expectations and you have inflation coming at hotter than they even think right now when the expectation was 8.8% all of that happened and here we are stay tuned folks we'll be right back Vista Gold owns and operates the largest undeveloped gold project in Australia the Mount Todd Gold project Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted transaction Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC Vista Gold executing a strategy to create shareholder value everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns 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catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com welcome back folks we have the s&p right now you're up 37 points just off the highs we're trading at 38 30 nasdaq 100 you're up an even 101 points right now 11,898 let's jump around to some of the fang stocks see how they're trading amazon shares today catching a little bit of a lift you're up about a buck 50 at 112 20 you jump over to the big dog apple quite a day for apple yesterday and they're extending that today you're up another dollar or more on apple you're pushing 150 at 149 61 for apple shares microsoft really took a hit earlier this week they rebounded a bit yesterday they're up a little bit today as well 255 the price of microsoft shares we jump over to tesla see how they're trading today 722 up a bit for tesla the twitter saga it's going to take some time to play out man twitter trading at 36 87 right now yeah and i imagine that's going to go lower folks when that deal does not come in because if you take a look at where twitter is i believe that's where must disclose the stake on april 4th you're almost right at that price point okay you're just off of that price point you're trading at 36 and change right now you're actually pushing that's yesterday's closed you're actually up at about 37 right now twitter is well you were trading at 38 41 march 31st just prior to the weekend that that stake was disclosed in twitter now the reason why i bring that up is because we're talking about let's see april 1st and april 4th right that was the weekend yeah where's the s and p trading at that time keep this in mind if you're trading twitter folks okay my goodness look at that i didn't even realize it was that high s and p was trading at 4500 s and p right now is trading at 3800 can't believe the s and p was at 4500 on april 1st what a gift that was right uh s and p was trading at 4500 it is 700 plus points below where it was trading we'll call it 700 all right we'll call it 700 points below where it was trading at at that time that it was disclosed meanwhile you have twitter shares only trading down about a couple dollars for a 40 dollar stock so you got twitter down five percent over that time you have the s and p down 15 percent over that time and meanwhile i would argue that twitter is in a much worse position after elon has spent months just disparaging that company okay so they should probably underperform the s and p so maybe you're down 20 or 30 percent from that price point so back to twitter if you're talking about maybe fair values down about 20 or 30 percent from where you were trading at that time here's one more caveat too when it was down here in the doldrums okay part of the reason it might have gotten a lift is that elon was in there buying 10 percent of the company without telling anybody right so maybe fair value before you found that out was somewhere around $35 or 36 before elon put a little bit of an inflated bid in there nonetheless if you just take it from 40 box folks okay 20 percent hit would bring it down to 32 that's almost just in line with what the s and p's pulled back to and if it goes lower than that which i think it probably should because twitter's in a much worse place right now in terms of the beating that it has taken by elon and it's become even more politicized okay so maybe you're down to 28 28 bucks would be a 30 hit when the s and p's down 15 anyway keep it on your radar pretty remarkable right the twitter's only down a couple dollars from where it was trading at that time meanwhile the s and p's were trading at 4500 when that deal was released and now they're trading at 3800 and we're off of the lows too as we're catching a little bit of a bid today all right we have a couple other news items to say the least we'll jump over empire state manufacturing so new york manufacturing expands for first time in three months the fed banks july business conditions index exceeded forecasts biggest outlook gauge stumbles though shows biggest contraction since 2001 so a gauge of new york state manufacturing activity unexpectedly expanded in july for the first time in three months although the measure though a measure of how the industry outlook deteriorated sharply to a more than 21 year low pretty interesting divergences everywhere in this market so the general business conditions index from the federal reserve bank in new york climbed to 11.1 from minus 1.2 a reading above zero indicates growth and the july figure exceeded all forecasts in the bloomberg survey of economists what i will say though is that when you take a look at this chart that's just a lot of volatility going on right now folks we get negative we get positive we get negative we got positive you probably have to take some type of a of a moving average but guess what the outlook that's a trend my friend uh weakest since 2001 as you have the outlook slumping more than 20 points to minus 6.2 i'm not underneath you know i don't understand all the financial impacts that are considered in this type of an index but nonetheless um a surprise on the short term but i would pay attention to this outlook because that seems like a trend that is well intact meanwhile taking this one positive reading to indicate positive sentiment okay tough to do when you see how positive turns negative turns positive so quickly recently on a monthly basis with this index okay with that let's jump to the earnings city tops profit estimates as the bank benefits from rising interest rates boy uh not quite the case with wells fargo we'll get to them next revenue 19.6 billion versus 18.2 expected earnings per share 219 versus a buck 68 good headline numbers as they beat uh they are trading higher we'll pull up their chart in a moment profit this was expected but declining 27 percent to 4.55 billion or 2 19 a share from 6.19 billion a year earlier these banks man uh revenue rose a bigger than expected 11 percent in the quarter to 19.64 billion more than a billion over the estimate so good numbers across the board for city we jump over to city shares now that was yesterday's action okay we don't have the 15 minute up there yet we'll throw it up there and there's your pop man you trade from 44 up to 47 bucks that's going to be quite a lift for city shares this morning and before we jump to the wells fargo numbers look at that they get it all back basically wells fargo and they spike lower and they're actually positive now getting a lift with the market right now you get the market up one percent right now so wells fargo they claw back to be barely in the green getting into the wells fargo numbers profit falls as the bank sets aside funds for bad loans company shares drop well yes what they got updated they're actually positive uh earnings per share 74 cents including an eight cents per share impact tied to the impairments so revenue was just under the estimate they missed by say just under that's 500 million they missed by 17.03 versus 17.53 billion credit losses to increase from these incredibly low levels credit losses to increase so profit of 3.12 billion they made 6.04 billion a year earlier i saw their net interest income out here was a huge miss i wonder if they covered in this article i was reading one piece today that says their net interest income was basically way off what they were thinking about so the bank's revenue fell 16 to 17.03 billion in the quarter half a billion below the estimates fees from mortgage banking plummeted to 287 million from 1.3 billion a year earlier yeah mortgage banking not the businesses was a year ago uh divested operations that earned 589 million in that year earlier period so here higher interest rates did provide a tailwind in the quarter however net interest income climbed 16 percent from a year earlier all right i'm going to pull it up because i think they they maybe i maybe i was reading iranian stuff if anybody has their net interest income for wells fargo i thought it was a big miss this morning on their numbers nonetheless you got them basically trading somewhat flat as this market look at this we're coming into the open folks we're trading higher this market is just pushing upwards right now at 3840 i mean all we're back to folks is before the cpi print on wednesday and boy if you told me we were going to get a cpi print a 9.1 in fleet percent inflation and we were going to get strong retail sales on friday where do you think would market would be i would not say right where we came into cpi data maybe the market's pricing in more than we think stay tuned we'll be right back for the open in a time of booming inflation we are purchasing powers eroded there's no better place to protect your harder and money than in gold this the gold flagship asset is the monk cod gold project in the northern territory of australia this is australia's 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dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors 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 welcome back folks we get markets open right now and you have an s and p drifting upwards we're up 1.3% right now trading at 38 42 you're up a 49 points nasdaq 100 you're up 1.15% right now trading at 11,938 you're bumping on the 32,000 door the dow just gets above 31,000 put your 31,000 dow hat on 31,082 in the Russell right now up 26 points that's 1.5% as well crude up $2 and 50 cents right now crude trading at 9826 and folks if you haven't checked out the tiger forex report come on over to the front page of tfnn it'll take you two minutes to sign up for this thing you can lock in 25 savings with the code teddy25 okay teddy puts out a report every monday great time to sign up over the weekend you're taking this week's report the archives are up there we get into next week he'll come up with a report on monday uh he covers crude he covers the bond market he covers many forex pairings and if you don't like it folks you get a 30 day money back guarantee and i guarantee you'll get some value out of that with everything going on in this market man because we got dollar strength we have action everywhere and let's jump over let's see how we have uh let's see how the euro stream this morning euro us dollar rebounds a bit from parity we're just over that level right now 10063 and the other big one's been the yen man uh us dollar yen easing a bit from the highs of 139 38 yesterday before you take a look at this thing on a daily is that stopping i talked about in my program yesterday right i think 142 is the a to b c to d maybe it gets there a point 115 b point we'll call it 130 for simple math it's probably just above that level but 15 to 130 okay so you forget a 15 point a to b leg you pull back for a c now look at this retracement i mean you barely got a retracement here but the moves have been so clean in terms of one way move a to b one may move b to c you pull back to the 236 i would have preferred of 382 there but we got a straight line move in the other direction and 15 off of that low of 126 what are you talking 141 we're almost there you're thin about a point or so of making an a to b c to d which is remarkable when you think it's a 15 point leg in the dollar yen just a remarkable action this market's not stopping right now s and p's up 52 points right now let's check in on some of the banks and see how they're trading this morning to kick things off well as far go and i'm not sure look at that acceleration of 2.5 percent i'm not sure that interest income data i had was correct it was a lisa abramowitz tweet this morning is where i found out i saw that and i can't find that tweet anymore and she was talking about they were supposed to have something like 10 billion dollar net interest income they merely made a billion it may have been erroneous so take it for what it's worth nonetheless well as far go up three percent on their numbers today i bet cities really going to get a lift if well as far was up three percent right now yeah look at city up 5.6 percent right now we jump around to the banks that already recorded reported jp morgan barely up about six tenth percent morgan stanley up 1.6 percent excuse me black rock has their numbers today as well up about two percent let's see how apple is trading we're above 150 for apple you're up 1.4 percent let's take a look at this on the daily man back it up even further for a weekly yeah bounces right off the 3a2 right love the 3a2 and the 618 folks even if it's not correct at least it gives you an area that you keep keep on your radar uh all we've done is bounce to that next feminachi level okay but apple catches an ounce nice bounce on the 3a2 we're up from a low remarkable that that low about a month ago 129 apple up 20 over that period of time folks that's about 320 billion dollars in market cap apples added over that time just hard to express the volatility microsoft not too much not so much the case right trades right through the 3a2 we've been chopping around under that level for some time now microsoft catching a bid today up 1.3 percent jump over to amazon shares up 2.3 percent right now for amazon let's see our retail is doing on those retail numbers walmart catches a bid up about seven tenths percent target shares up 1.3 percent basically up with the market right now so even though retail sales higher target up with the s and p about 1.3 percent let's see how some of the stocks macy's up about 2.5 percent right now Nordstrom's up 2.4 percent coals up 1.7 percent interesting action see gap up 1.3 percent i'd be careful of that one for sure all right let's see how the airlines are trading this morning some pretty muted action dealt uh american up about eight tenths delta shares up 1.8 percent cruise ships catching a little bit of a lift chronicle up 3.3 yeah if you feel like gambling folks mega millions is 480 million dollars today you might be uh have better odds by going buying a mega millions ticket than some of these cruise ships because i don't think that many people thought that you'd have carnival chopping around with an eight handle two and a half years after the pandemic if we come into a recession and people can't spend the money that they may be maybe you got retirees right market pulls back maybe the s and p pulls back to 3200 retiree see a little bit of a hit to their nest egg maybe they're not cruising as much maybe people just not cruising as much excuse me um they take any hit they're not going to be able to handle their debt and it might just be better to go pre-k bk get rid of all that debt start fresh after the pandemic be careful man for the longest time i was thinking cruise ships would be the one right we're going to turn the corner everyone's going to be back on a cruise ship i've said with many others uh yeah all people very susceptible to covid man when you're dealing with certain areas they love to cruise and cruise ships man i'm not taking my family on a cruise ship anytime soon and guess what folks i'm basically doing everything in florida okay we already had covid um i got my booster anyway i probably will get the kids vaccinated but i'm living my life but i'm not going on a cruise ship there's a dividing line that these cruise ships are dealing with right now and their charts are showing it and the fact that they are loaded up on debt and the world has not turned that corner yet i mean i'm going to a movie theater man we went to the aquarium this past weekend right it's not like we're wearing masks so there's a dividing line folks don't separate it out where you say ah people just got to get back to life we are back to life but you talk about spending three days trapped on a cruise ship with people that is a different story all right uh it's a bummer but they're gonna face some headwinds man and maybe they just start fresh and that's the best thing that they can do for themselves it just might be all right what else we got pulled up here let's see what we have uh yeah so this one was interesting about prime so they put up some big numbers man i personally bought a couple things for prime i did i got sucked into it it was time i said the tv's man you almost can't beat the tv's that they had going on if you bought a fire hd tv can't believe 55 inch tv 285 bucks 4k 55 inch 4k smart tv 280 bucks 285 bucks something like that prime day shoppers buy up diaper snacks as inflation shifts consumer habits so i guess everybody wasn't buying that i didn't buy any diapers actually i buy my diapers from sam's club they're a little bit cheaper uh snacks as inflation shifts consumer habits so let's see what are they getting into here so it sold 300 million items up from 250 million the previous year the reason why i don't like that statistic is are you selling are you selling 20 dollar you know alexa gadgets to get yourself up to 300 million items but nonetheless the numbers were big total online retail sales in the u.s during prime day event 11.9 billion 8.5 percent higher than overall e-commerce transactions generated last year now that's total online retail sales in the u.s so you got target catching a little bit of a lift i bought a currig from target so they got it they got a little bit of action uh i tell you those red cards folks they are a deal and a half my mom has one so she was getting i'll tell you a currig right single cup currig with 60 bucks on amazon stinking to buy it well guess what target had the same 60 dollar deal well then you got five percent off with the red card and they got 10 percent off any single transaction so you got 15 percent off i paid 52 bucks versus amazon 59 we'll finish this conversation stay tuned tfnn has been your trusted source of analysis for bonds metals stocks commodities and options for years and we are happy to announce that we are bringing that same caliber of analysis for the forex market teddy kextat has 30 plus years of experience in forex trading commodity risk management forex hedging volatility and so much more teddy releases his weekly tiger forex report every monday morning with elite coverage of all major currency pairs including the dxy euro dollar pound dollar oz dollar dollar yen dollars swiss frank and so much more teddy will recommend specific 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his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only $37 and 50 cents sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk-free today with our 30-day money back guarantee tfnn educating investors will the s and p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spxs directions daily s and p 500 bull and bear leveraged etfs direction leveraged etfs an investor should carefully consider a fund's investment objective risks charges and expenses before investing a fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit direction investments dot com a fund's prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject to risk including 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 this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz welcome back folks we have the s and p right now hold them pretty well you're up above 40 points we'll put this back on a five minute chart you see just off the highs we got approaching 3850 we're trading right now at 38 34 back to amazon shares we're going to talk a little prime day amazon up 2.4 target shares up 1% right now so getting into it so as i mentioned right if you do shop at target i should get it myself i'm i should listen to my own information man the red card so phenomenal deal right so you get five percent off every purchase will automatically you had target matching some of amazon prime deal so it's a 60 dollar curve immediately i'm saving another three bucks if you just use the prime the red card so my mom will buy it i'll give her the cash back but then she got 10% off i think any single transaction maybe over those deal days or something like that so she ended up get the curve for 52 bucks when it was priced on amazon for a deal day during the during prime day for 60 dollars they have eight bucks they got some competition folks now here some of the information in terms of the numbers consumers shun big ticket items for smaller purchases so 58% of prime day items sold for under 20 dollars just five percent sold for over 100 dollars 34% of surveyed shoppers said they waited for prime day to buy something at a discounted price 28 percent passed on a good deal because they didn't view it as a necessity 28% oh she want to pass everything that you don't need as a necessity now did i need a 55 inch tv for the playroom no but we have been talking about it for some time um am i going to spend 300 today or 500 tomorrow i think a lot of people rationalize it that way if we're going to buy this stuff over the next few months anyway i might as well do it now that was me there it was uh nonetheless strong numbers over there but you saw a lift across the board it was interesting that they said i saw tons of ads for amazon doing their prime day of course didn't see as many ads for like target target had 72 hours of deal days they actually preempted prime day started a day early didn't actually see that much on there maybe they could have been advertising a little bit more all right we jump from retail to streaming so this will be interesting to see how netflix's changes go as they try and to uh rejuvenate their business you could say we pull up netflix shares up 1.3 percent today this thing's been a max pain situation man you're basically right at the lows from where you were initially how long ago was that yeah you're pushing two months now we've been chopping around at the low 170 160 area so netflix they're going to begin marketing their products a little bit more aggressively so they bought tv ads to tout ryan gosseling's new movie now they spent 200 million dollars on this movie one of the biggest budgets they've had the gray man he is an assassin uh what's he works for the cia or something like that let's see what do they got they were talking about it down here uh forgive me yeah here it is uh an assassin for the cia who becomes a target after he uncovers dark secrets about the organization chris evans in a day our man is a couple other names that i'm struggling with uh joe and anthony russo so they've done many marvel movies produced and directed so there's a bunch of big names they spent 200 million dollars to do it and what they talk about is they spent 2.5 billion on marketing but never invested as much per title as it appears in hollywood we're all familiar with the millions that hollywood movies spend when they're marketing their movies uh and looks like netflix is going to change that scenario that they're going to try and do the same thing they've ramped up its marketing spend over time and stage large pre-release marketing campaigns for new things such as stranger things ozark uh movies have started to rise along with production budget so netflix spent upwards of 100 million to produce red notice that was another one that had ryan reynolds and the rock uh they pushed that out a bit now they have this one at 200 million and uh as they're talking about you can't spend 150 million on a movie and nobody sees it i mean they're looking for change right now folks which is good and bad it's it's good and that yeah they probably need some change the bad part is who knows if it's going to work you know um they never needed to market these because their business was on basically a dead set path to success uh those movies would pop up within the netflix platform and by there and thereabouts it would market itself as being the number one watch movie right not so much the case anymore they're going to be shifting things and they're going to have to here's my take on this okay they're going to be coming out with an advertising model if you're running an advertising model then people aren't paying for that service it's similar like peacock i believe right so what happens if you never even log into the service now i pay for netflix i'm incentivized to use that product otherwise i'm wasting money if i pay for if i have netflix ad supported whatever they're going to call it i have no incentive really to use that service because i'm not paying for it i don't lose anything if i don't use that service because i'm not paying for it i'm paying for it when i watch the service and i watch the ads if that's a service that they're going to start having they're going to having start having to market that service because why because they're going to make money through ads when people watch it right it's it's it's a subtle shift but i imagine that the reason why they're going to start marketing those films is they need to bring in people to the ad supported network where they aren't paying on a monthly basis and those people aren't going to be pulling up the platform as much as people who are paying for that service it's a risk to people that own the stock folks because there's a lot that could go wrong or right in that scenario uh as opposed to when they just have a business plan that they're executing that's not the case anymore all right what else do we have pulled up here let's jump around and see how many some of the different sectors are trading right now we have the smp right now up about 35 points we take a look at the watch list in terms of where we are the dow everything pretty much green what do we got we got financials we got jp morgan barely in the red right now proctor and gamble barely in the red right now coca-cola barely flat by about three tenths ibm barely in the green bowing bowing red let's check out bowing shows bowing had quite a little bounce going right now but you're negative today they give back some of that you're down about seven tenths percent this thing kicked off the week trading at 136 nonetheless we're still trading at 146 so not that bad we jump over to the nasdaq 100 i imagine everything's going to be green in here what do we got uh the china stocks are lower that's about it jd.com pin dodo is lower baidu is lower we got a couple check stocks amat off by eight tenths percent everything else in the green look at these pay stocks paypal um maybe they like these bank numbers up 3.4 nvidia up 1.5 amazon 2.5 we talked about adobe's up 2.1 meta up 2 percent right now pretty remarkable facebook still only dealing with a market cap of 436 billion dollars microsoft up about 1.5 a lot of green on the screen what do you jump to craft hines a little bit lower the energy stocks a little bit lower even with crude on the rise let's jump to some of those bank stocks and see how they're trading well we'll jump to the ones with earnings today wells fargo whoo man look at that let's look at this thing on them daily so wells fargo is up almost five percent right now yeah this thing's been in some serious pain man you're up to 40 bucks but you were just trading here when you were just trading here is that tuesday yeah you were just here tuesday wow uh so you're back to where you were on tuesday some strong numbers on wells fargo we jumped to city even stronger numbers up 6.5 percent but same deal you just back to where you were tuesday think about it all these banks did is they just clawed back the losses that they had because of the bad numbers from jp morgan and morgan stanley right jp morgan well below those levels i did have a trend line on this chart i don't know you could say you're chopping around at that area let's extend that to the right yeah maybe that's the bounce a man butter off so you break out of the channel you come back you test it this thing keeps testing it uh at some point it will test it in bounce we'll see jp morgan right now flat with a positive market what do we got we got crude up a buck 19 we get the gold contract sitting right at 1700 tough week for gold we'll take a look at the dollar index and we'll talk a little bit of world series of poker when we get back as well as they got a final table going on live today it starts at about five p.m eastern time we'll talk we'll poke over and get back they too close 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 the reach with the tiger stand available to all tigers and tiger's for just one dollar 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 brian and the other tfnn hosts while they analyze charts during their live tiger tv programs 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he's coming up live next folks don't miss his program live programming all day and we jump to as I said world series a poker so I played this $10,000 tournament at one point trying to remember what year man it was probably 2008 or 2009 that I played it made it to day three which was actually like day 10 in real life there were about seven or eight thousand people maybe there's six thousand people I think 6500 people the year that I played it I think they were going to pay 650 people and I made it to about 900th place and busted not a good feeling 10 grand but guess what you live once folks and I had made that $10,000 I won my way into that tournament which is how a lot of these people do it for a less buying tournament nonetheless they've made the main event and they've made the unofficial final table so you got 10 players left in the main event right now that is down from 8663 players that's almost a record the record was something like 2004 or 2005 or 2008 it was when just online poker was exploding at the time so almost got that level 8663 players uh yeah who knows well play it again having a one-year-old right now a little difficult because it is almost a two-week endeavor folks this is technically day seven of the tournament okay but they play four day ones as in there's day one a b c and d because they got to split it up they can't play nine thousand people the same day so they got day one a b c d and then you got day two day uh day two a and day two b is how it goes but nonetheless they're playing for 10 million dollars up top man and they're sitting with chip counts there's your chip leaders we'll show you okay uh in terms of s been your stat now you got to get lucky folks and these players are all phenomenal but this uh the guy leading it he got aces versus ace king with the guy about 20 people left to double and guess what 10 million up top 6 million for second 4 million for third and they're already guaranteed 675 grand for 10 grand and you can watch that live there's a service called poker go you want to check it out it'll be live today at five o'clock have a great one folks