 The following is a presentation of TFNN. The TFNN Bull Bear Training Hour. Every training 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 Training Hour. Now, Tommy and Tommy O'Brien. Welcome, folks. Appreciate you. G'roll that I'm proud of what I saw here. We have that our industry is flat. Nasdaq's up 14. S&P's are up 3.5. Gold's also flat. 14.88 an ounce. We have silver down 7 cents. $17.52 an ounce. Light sweet crude up 62 cents. $53.93 a barrel. Notes and bonds. You get the 10-year up before 6. 30 year up 13. 129.23 for the 10. 159.27 for the 30 in Kingdala. Kingdala up 119. Ticks trade 97. 448. The Euro is at 111. The Yen is at 108. 54 and the Pound is at 129. To one U.S. Dollar. And the good old S&Ps, man. I mean, we are hanging at highs here. The real question is, is it going to have the juice to basically break through? What's intriguing here is that it hasn't been able to get to the high of last night. Is that last night? Yes, it is. And what is that? That's 30. 30, yeah. 3,014. Oh, it did. Look at that. 3,014.25. So we'll see where that shakes out. Yeah. The NQs did. NQZ. That had tested it prior to the open. Let's see if they got over it again. Yeah, it did. Okay. So let's take a look at that one. So that had already tested it. What's that? That's at 8.30 this morning. The number we're talking about there is 79.79.25. Spiked it. No, that's below it. We'll see where this is basically shaking out. McDonald's. What's going on with McDonald's? They're not selling anything? You know, they're selling plenty, man, but not enough, I guess. And let me just jump back to the CNBC article, man, because they missed. You know, they missed for sure. So here are their numbers, McDonald's. Earnings per share, they missed. 211 versus 221. Revenue, they missed by 100 million. Over 90 days, nothing to dismiss. 5.4 versus 5.5. But man, oh man, they're grown. Same sort of sales globally at 5.9%. Right. That's staggering, man. So it is fast food giant reported fiscal third quarter net income of $1.6 billion. And that's unchanged from a year earlier. They were looking for a little bit more earnings though, but net sales rising 1% to 5.4 billion. They were looking for the 5.5. But this number, man, I just, I guess they were looking for more global same store sales growth of 5.9%. And the other number I saw that was pretty cool in terms of the changing landscape that I think we're all kind of aware of. But when you see an imprint, man, trying to reach $4 billion in delivery sales this year. Look at that. Right. And it didn't even have delivery four years ago. Yeah. That's pretty insane. It might have even been three, right? I know you're pushing it back to be short. I did. Exactly. Exactly. You know, what were they at three years? What were they at two years ago? Yeah. Marginal. You know, nothing compared to how that landscape is changing, man. And then we work. Okay. This is going to be a classic, folks. There's no doubt. So you got SoftBank is basically coming in, taking control. And you know, it's probably really smart of them. I agree. They have so much money involved in this. The whole time I was watching this thing play out. I was saying, how are you going to let Newman keep all his voting shares and keep giving this company money? Right. And SoftBank said, no, that's not what we're going to do. But they had to buy them out for about $1.7 billion. Right. It seems like. And the valuation is only about $7.5 to $8. So far, that's what's coming out. That's right. We'll see what the details are. And SoftBank is going to have, listen to this. They have $10 billion in stock in it and $5 billion in loans in it. Yeah. And that's the number. They say $10 billion in stock, right? That's what they've invested in the company. Including this one here. Sure. Right, right, right. But they have an investment of $10 billion in a company that their say is worth $7.5 or $8. Yes. And that's not even sure that it's worth that. There's no doubt. But they probably think that's their best bet to get it above that level. So Newman's going to get about $1 billion for the stock, for his voting shares. Yeah. He's also going to get $185 million. Consulting fee. Consulting fee. And he's also, if we slide this down, going to get $500 million in credit line. Right. As part of that deal to get him out of there. But then SoftBank will kind of have, I think they were going to say they're going to have about 60 to 80% of the company after this, so they can really do whatever they want and not have to worry about dealing with Newman anymore. And I'm sure they don't want to deal with him anymore. And they had to get that valuation down as low as they could. That's when one second you want as high as you could, then the next second you want to buy the guy's stocks. Right. You want to get it down as low as you can. Right. Totally. Now, Holly Davidson, what's happening here now? Okay. What do we got going on? Cogs up $1.9, $1.90 rather. Let's see what they're saying. Let's see. Tafts cost them $109 million. That's $105 million. Let's see. Maybe this one. Yeah. Okay. So Holly Davidson beat profit estimates as the motorcycle make a pad back spending plans to partially offset shrinking sales in the U.S. Yeah. The company's just 70 cents in the third quarter. Yeah. They're looking for 67, right? Right. They trimmed capital expenditures. Yep. But to a range of 205 to 225 dropping both ends of the range by 20 million. So they're trimming back the capital X. And the company is having to tighten its belt as demand in its home market has slumped for 11 consecutive quarters. Yeah. There's a lot of beautiful Holly's out there, man. Sure. And there has been for a long time. Do you know what I mean? Can we look at that chart real quick? Yeah. Right there. Year over year changing sales, retail motorcycle sales. U.S. sales dropped last quarter smallest in almost three years. But you back it up, man. You got negative numbers going all the way back. It looks like to Q3 of 14. Right. Right. Excuse me. And now, I mean, we're in the scooter era now. You know, you get plenty of people that, you know, are riding around in scooters versus motorcycles. The real question is, is that it's my generation that even a little bit before that really started it. And it's my generation. No doubt that I was buying those 20, $25,000 bikes. Sure. And I don't think they're 20 or 25 anymore, man. Right. Oh, yeah. I would say so. I mean, you probably, I would say so for sure. Right. Right. I'd be hard pressed. We'll have to figure it out what a brand new Harley cost, man. Yeah. And then they get Biogen. Oh boy. So there's life after death for Biogen here. Yeah. You know, look at this. And hopefully there's life after death with that Alzheimer's drug, man. Yeah. Because that's the pop, right? That's the pop. And if you take a look, you're going to see that it got smoked on the way down, you know, you know, the Biogen High is 442 going back to 15. I'm not sure which one of these was a failure in the same drug. I think it's that one right there at March. It's October now. Okay. That was March. I mean, it's the long, let's just back it up on a weekly because I think it's probably going to be, we'll put it on one year because I think that's March. Yeah. There it is. That's when they said that's when they pulled the drug off. Right. Saying it's not going to work. Is it the same drug too? I believe so. Oh, cool. Yeah. So let's see what they have to say. Okay. So Biogen. It looks like ASI, ASI. ASI announced today that after consulting with FDA, Biogen plans to pursue regulatory approval for... Aducanumib. Aducanumib. Okay. We'll go for it. Yeah. So it's a treatment for early Alzheimer's disease. Plants to submit a biologics license application early next year. So phase three, emerge study, met primary endpoint showing a significant reduction in clinical decline. And this is the same drug. There it is when they pulled it in March. Yeah. Decision to file based on new analysis of a larger database, larger data set from phase three studies that would discontinued in March following... Yeah. A futility analysis. Yeah. New analysis, larger data set includes added data that became available after something I think it was. Yeah. I just have an options on that yesterday, folks. Stay right there, folks. Tommy and I come right back. We have the Dow Industries down to 10. Nasdaq up nine. SAPs are up two and a half. Come right back. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. 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We sure do, man. That's a TA. They got a new deal I guess with United Parcel Service. So they nixed their deal with U.S. Postal Service. That's smoked. We'll pull up the chart for the entirety of it. Yep, and you're going to see the drop off and there were two of them. Look at this. Yeah, but you're going. Look at the daily up here. This is like insane. So in February they came out and that was just where it went from 200 to under 100 and then in May the pain continued all the way. I think the lows are around 36, 29. Wow. Yeah, 35 there. And then the deal we're going into news, but deal is that they got a new deal with UPS that they're going to be able to do some business and. Boy, that's quite a mountain. Look at this. It sure is. When you look at it, look at that folks. Okay. You go back to 2014. You're at $36, 2018 or $285. What was that? Yep. 36 to 285. Back to 32. Yep. Wow. Back to 93 now. Yeah. Oh, yeah. Right. My God. Yeah. It's a triple bagger, man, just since that bottom. The amazing pot. Sometimes I look at that, you know, I said, you know, like you're supposed to be an investment business is that that's definitely a trading business. Oh, that's for sure. It's like, okay. I mean, because what do you what were you investing in? This is a business that looked like it was going out of business there when you go from 300 to 30, right? So after UPS announced a pact to offer discounted shipping rates to the company's customer base of more than 750,000, 40,000 people, we long mentioned a new partnership was needed to help live shares and believe the UPS collaboration is a step in the right direction. That's one analyst talking about it. Rates are expected to be as much as 55% below daily rates. Yes. Including surcharge waivers. He said the deal should aid stamps dot com volume and margins and that upside to the fourth quarter and fiscal 2020 forecast, even as the rates are still unlikely to be below legacy USPS rates. Wow. Yeah. That's a big number. Sure is, man. So let's see. We got here. Oh, yeah. We have the Underama CEO. Yep. He's going into the board now, right? Yep. He's a young guy too still. He's only 40 something. He was so young when he started it, man. He was a football player at some university, I forget. And you played sports. I played sports and it's remarkable that we didn't have any type of fabric beyond cotton because if you've ever played sports, folks, the cotton just absorbs everything you got, right? That one t-shirt's going to end up weighing five pounds by the time you get done with practice. And so he invented the whole industry, man, of that type of industry. But Underama, man, they've really been under a lot of pressure. They're buying a lot of companies. They're really trying to get into those wearable technology-type deals, and they've been having some woes. So Kevin Plank, stepping aside, is head of the company. He started in his grandmother's basement. How cool was that? Yeah. So elevating the executive he brought in two years ago during that painful, quote-unquote restructuring. So Patrick Frisk is the gentleman coming in. Let's see. So there, Baltimore, Maryland, five billion gross, still a number. It is. They're in quite a competitive space, though, man. Oh, my God. You know, competing with Nike, competing with Reebok Adidas. Yeah. Serious. The list goes on and on. So you got $8 billion company, 8.8, right? Yeah. Yeah. NKE. Oh, boy. Watch out. Yeah. $149. Wow. Oh, yeah. I mean, just a juggernaut. That's intense. Yeah. But that is one big number. And how about Proctor & Gamble? We get their earnings as well. Okay. Let's see what we got here at PG. Market's having a high time holding price again. Let's see. And it didn't make it to the high, so we're talking about that S&P high. So Proctor & Gamble is up $325. That's a big number from Proctor & Gamble as an old-line deal. Decent pop. And we got a pop coming into that number as well yesterday. All right. Strong sales growth, raising outlook. Oh, this is going to be, hold on. I'm going to back it up. That's going to be the full analyst. Let's see what we got here. Here we go. So look at that. Buck 37 versus a buck 12 year on year. The estimate had been on $1.24. Look at this, man. Net sales for 90 days, $17.8 billion. The estimate was only $17.43. That is a staggering $370 million more than analysts were looking for them to take in. Organic revenue, up 7% versus 4% year on year. The estimate was only around 4% as well. Yeah. So beauty organic sales, plus 10%. Estimate was 6%. Looks like they kind of crushed it down. They did. And I guess when we get down, they miss on grooming organic, plus 1 versus plus 4 year on year. I don't know what the estimate was, though. Look at the organic health sales. Health sales, too. Plus 9. Year on year, it was plus 4. All big. The estimate was only plus 5. And again, fabric and home care organic, plus 8. And then babies. People having babies again. There you go. Look at this. Baby family care. Baby feminine and family care. Okay, thank you. They thought there was going to be a minus 1 as a plus 5. It was minus 1 year on year. They don't have the estimates, but... Right, minus 1 and they got a plus 5, right? That's a year on year. It's just year on year. They broke it down. They don't have the estimate for this one. That's some of them they put... Oh, I see. Yeah, right. Pretty amazing. It's across the board. So PG, let's see. PG owns everything. They sure do. It's pretty amazing. $300 billion market cap. They better own some products. Yeah. Well, look at this. It's an all-time high, too. Wow. What is that on a monthly? Okay. Yeah. This spends... We're all spending some money, evidently, because, I mean, that's the grocery stores. That's... You know, PG is the grocery stores. I mean, you know... There's a lot of health in there as well. Yeah. Yeah. Oh, yeah. There's... Yeah. There's no doubt, man. Pretty... I'm just curious if they break down a segmentation, because I know it is. And let's see if they list their brands, because I'm... Let's see. Let's see. Laundry, cleaning. We're going to go... Let's see. Revenue. Yeah, they might... I want to see if they break down. Yeah, there you go. Somewhat. Fabric and home care. 22. Look at it. Baby, feminine and family. 17.8. Beauty alone. 13 billion. Healthcare, 8 grooming. 6 billion. All big. Get me in the grooming business at 6 billion a year, please. Right. And let's see if they got some of these brands, because they are staggering here. And they're big spreads in these beauty brands. Sure, so I'll list in some of them, right? We got Pampers, Gillette, Crest, Bounce, Tide, Swiffer, Old Spice, Pepto-Bismol. Yeah. Really, seriously. Home care and yeah, just staggering, man. 70 countries worldwide. Look at that. Yeah. They generate 45% of revenue from U.S. and Canada. They're remaining across Europe. 25% Asia, 20. They can see they can go a lot higher there. So they're primary regional and general offices. Switzerland, Panama, Singapore, China. Well, it's primary regional shared. Costa Rica, UK, Philippines. Cincinnati, Ohio based company. But they're talking about where they are. 85 production facilities in 35 plus countries. Just spanned out, because they're servicing. They said 180 countries. But to do that, they actually have production in almost like 70. I mean, it's just staggering. Most places, you got a few plants, right? You're producing everything. You're just shipping it out. They're so big, man. They need plants in 40 to 80 countries to send it out. No doubt. So let's go look at the good old British pound, because I believe it's 7 o'clock tonight, folks, is the number. Yeah. So I believe it's 7 p.m. in Britain, right? So it's going to be 2 p.m. eastern time. We'll be getting some action. A.m., right? Yeah. No, no. It's 7 p.m. Britain. 3 p.m. our time. We're going to be getting some action, I believe, over there. Oh, cool. Yeah. Oh, that's even better. Yeah. Stay right there, folks. Tommy and I come right back. That's good. Hi, folks. Tom O'Brien here. 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 are specific buy-and-sell recommendations for stocks, ETFs, and even options, which stops and price targets included for every trade in my newsletter. If you'd like to try my newsletter risk-free for 30 days, then head over to the front page of TFNN and you'll find Market Insights under Trading Newsletters. 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Get your copy of The Art of Timing the Trade Chart today by visiting TFNN.com. Back folks are down. Down's flat. Nasdaq's up 11. S&P's up 4. And I guess they're doing business over there right now as they're speaking, right? That's what's going on. Oh, we'll get there. They sure are. So they're five hours ahead of us. We'll get back to menu. So it's 3 p.m. and change over there. And as you said, 7 p.m. comes the vote. So it's going to be 2 p.m. Eastern time. Dave White, he should have an exciting hour. We'll be checking that out. So you have Boris Johnson, Prime Minister threatening to scrap his attempt to pass a Brexit deal and move straight to an election if members of Parliament defeat him tonight and vote for another delay. We'll get in and whether he can even do that, right? There's a lot of rhetoric. The Premier will find out Tuesday evening whether he has any chance of getting his deal through the UK Parliament and whether he can do it ahead of his October 31st deadline. His movement of truth will come around 7 p.m. in London with what's known as the second reading vote on whether Parliament agrees with the general principles of the bill. Then there'll be another vote immediately afterward on his proposed fast-track timetable for passing the law. So, and getting down to, you know, this is, so 325 is 1025. That's only five minutes ago. So we're getting updates as they're happening. So you have the opposition Labour Party. We'll whip its members of Parliament to vote against. That pretty much expected, I would say. And also to oppose the accelerated timetable, the so-called program motion, the Premier proposes to debate the legislation. And then they get into, you know, can Johnson even call an elections? It's all very well that Boris, for Boris Johnson to threaten an election, but if it were in his power to call one, Britain would have already voted. Johnson tried twice to start to, in the start of September to get one, failing both times because under law, two-thirds of the MPs over there have to vote for an early election for one to happen. And that means that he's Jeremy Corbyn. Yes. Say yes. And that is, as they say, far from certain, even though leader Corbyn has said, he'd support one if it weren't for the risk of a no-deal Brexit. In theory, Johnson could change the law to set another election date. That would require only a simple majority, though he doesn't have one of those either. So we're going to be getting updates, man, the whole time. They're over there, they're debating, they're talking right now, and they only have three and a half hours until that vote, and it's going to be a close one. So they're jockeying over there. Yeah. No, it's a lot closer than when Theresa May was there. She had some pretty historic defeats. Seriously. Yeah, so we'll see. So, I mean, the intriguing thing is that what we do know now, even technically, is that the Pound as well as the Euro want this thing done. They finally moved off the bottom, you know what I'm saying? So it's going to be intriguing watching how this whole thing shakes out. Definitely. You know, because the Pound, that was a good move as well as the Euro. You know, you look at both of them, and it's like, okay, you know, can you imagine being in limbo like that, man? Yeah. That's... Uncertainty in anything is troublesome when it comes to the market. It's a big number. Because, you know, the market likes to quantify risk, and uncertainty is very difficult to quantify. I believe that's the reason why it would cause so much negativity over there. Oh, yeah. And the price of the Pound especially. Yeah. I'd love to know how the market quantified we were. Yeah, the market didn't. That was the problem. Yeah. You know, if you let the market quantify it, they did quantify it when it came time for the IPO. That's right. They told them, yeah, you want us to quantify it? We're going to quantify it. And the market was even going to quantify it at like 10 to 15. Remember? Like they probably could have gotten it out at 13, 14, 15 billion. Isn't that wicked? Yeah. But they didn't know how far the slide might have gone. Right. Yeah. And if they burnt all their clients with a big burn like that, that would take a little bit to go. Especially because they had already been burned. Yeah. By Uber. Let's go. Where are we at in Uber? Yeah, exactly. Another soft bank. Look at this. Exactly. So Uber went public. You know, they're not in the business of burning. 45. Yeah. But now let's just see what you could get it at because that was one of these, I believe. No, you got it all right there. If you could go back to it daily just so you can see it. Maybe in just a minute. Okay. Because it's all right there. The left print is 45 where it opens. Oh, okay. So that never exploded topside. Oh, that's right. It was Lyft that went topside. Right. Okay. Yeah. And this still looks like a disaster, man. Yeah. I mean, we're literally about 33%. You know, $30 would be 33% right off the top. And yeah, Lyft was the first one to go IPO, if you recall. So what did they push it out at? 72. Oh, my God. Okay. And what did we run to? I think that would have been 85. I think it was a print at 85, I'm sure. Yeah. Something like that. 88. Yeah. Oh, my God. It was a very short Lyft print because we're looking at it daily and that was literally one day, man. And that's why the Uber investors were a little bit more hesitant seeing how the market value Lyft. And that's why I would say the WeWork investors were saying, hey, you're not going to pull this one again, man. Right. Right. Yeah. You know, I heard a story yesterday. Peter Thiel. Yes. You hear this? He's starting another fund. Right. Found his fund. Yeah. It's going to be like 3 billion plus and it's for late stage private companies. Okay. Something that would, you know, not maybe as late as the Uber's, the Lyft's, the WeWorks. Right. But it'll be interesting to see how it kind of locking out the average investor of all these companies, you know. Right. That's how the world is turning. No, that's how, yeah. There's no doubt this. That's how what has happened with institutional investing. There's no doubt about that. I mean, why would you let the average investor in until you sucked out all the great gains of everything you could get? Exactly. And then it's for sale. Right. Right. And then Uber went with Uber Lyft in, you know, SoftBank up, earned hard. But really what happened there is that there aren't as many players that are big funds that are investing in companies like that. So SoftBank had no competitions. That's right. There was actually no real market to price these things. If you have a bunch of funds. They were popping their own deals. Right. So if you have a bunch of funds that are creating a market, they might have a greater price discovery. Yes. That they'd feel more comfortable because that's why there were no other investors than we were. It wasn't like there were five different funds saying, I want to give you the money. I want to give you the money. I, you know, and then SoftBank wanted out. Well, they just wanted out because nobody was going to even come close to a $47 billion valuation. Yeah. And you can see that's, you know, we feel that this interest rate structure, I mean, there's that much cash moving around. That's, you know, that's the other side of it. It's a great way to get, they got to, they got the cash to raise the cash. Now I got to put the cash to work. You know, where am I going to put it to work? Sure. You know, so pretty well done. This whole thing does shake out. You got the Bitcoins are still hanging there at $82.27. Amazon, you know, had a pop yesterday, but giving back $10 today, not that it's a lot. What's going to be interesting here is that Amazon, why don't they come over and dump us here? The 24th. Oh, this is good. That's Thursday, I believe. Yeah. It's 22nd today. Yes, Thursday. Yeah. And we get Microsoft Wednesday. So what are they looking for? Let's see. Oh, they're looking for the moon and the sun. Yeah. They're looking for a quarter. They're looking for $68 billion this quarter, which would have ended in September, right? No, maybe. July, August. September, October. Yes, September. Yep. October, November. And the next quarter, folks, $87 billion. Christmas, baby. Look at that. Christmas. And look what they bring to the bottom line. $450 for $9 this quarter. I can see that. I can see why the difference is, too. See, that comes down dramatically, but they got to get ready for Christmas. What that brings along. Well, see, this quarter, we're going to report it in a couple of days. $68 billion. Yes. $459. Yes. They reported $5.22 last quarter. Yeah. But I can see that's getting ready for Christmas. Okay. And then it goes up to $6.56. Yeah. It didn't happen last year, though. Yeah. Just to put, you know what I mean? It didn't happen last year. No, it didn't. So. Yeah, but it actually went up. Yeah. Stay right there, folks. Tommy and I are coming right back. Look at that growth, man. 30% off America. We're going to keep getting into them. I want to see how many shares they have because they're profits. We're coming right back, folks. 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. 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Welcome back folks and we have the Amazon screen up here with the stock holdings and now this is kind of cool too because it's the first time that we actually pulled it up and that they had to split off from Jeff Bezos and his wife Mackenzie Bezos and now Mackenzie has seven hundred eighty six thousand he has fifty seven million six ten yeah and so before that split he used to have about eighty million he's probably sold some on top of it the two of them combined are topping out at about seventy seven million shares but he's up there at fifty seven point six million shares and that's still eleven point six five percent and jumping into it so they're going to make I think it was four fifty nine watch let's get into because the stock holds right they're always going to be staggering on that degree you get into the revenue numbers so they have about five hundred million shares outstanding right not a lot of shares but they're trading at two thousand dollars seventeen seventy eight but nonetheless so just for the quarter just for the quarter they're making four fifty nine okay Bezos has fifty seven million shares or about if he just says hey just give me my earnings for the quarter for the quarter ninety days two seventy five two hundred dollars you're talking about almost a hundred million dollars just in earnings you know if you're just like a private company and you're not reinvesting you're just kind of taking what your company's making you're not you know valuing the market cap on future anything you're just saying what did I make what was my you know revenue over expenses staggering numbers man staggering amazing pot you know you look at this folks okay the look at the growth the growth in cloud is forty eight percent yeah internationally twenty two percent not I wonder what the one year is because people really catching up three years ago they were crushing the world they didn't even have competitors you know Bezos has talked about how he can't believe what did he have a six year lead seven year lead before anybody was even coming for him I imagine that they're not growing but I don't know they might be man who knows now the other cool thing we saw in here right we were just talking about IPOs yeah so they go public in ninety seven they push out three million shares at eighteen bucks a pop man and who leads them Deutsche Bank Deutsche Bank the world has changed a lot since nineteen ninety seven I also heard a cool statistic today that Stripe now has a bigger market cap than Deutsche Bank really so these these fin fin tech companies that are that are you know and Stripe's a big one oh yeah but to be bigger than a company like Deutsche Bank as George has pulled back hard but man oh man eighteen bucks and I don't know what this is secondary yeah but it's eighteen thousand shares was my point it's nothing you know so that that's gotta be up there but it's that just might have been some stock share offerings for insiders or something like that I'm not familiar but I it's not even relevant most right you know so three million shares I said so they got they got five hundred million shares this where I say it's all you know if Amazon will never be in the Dow because it's price weighted if Amazon was ever in the Dow all you'd have to do is gonna do right because price weighted I mean it just moves mag magnum numbers but what's really staggering is let's say that they want to do a stock split let's say one do like a hundred for one which they could do man stocks they could trade 17 dollars you're there's no difference right if you traded 17 dollars a hundred for one you would have 50 billion out share outstanding shares and in that case you would have Bezos owning 5.7 billion shares of a company that's trading at $17 I mean it's I have to my eyes roll because staggering numbers and that's this is a great example that's what popped into my head because Cisco's been buying this shares back forever but they still have 4.2 billion out exactly you know so they could do the same thing they could do a reverse they could be trading at $477 right now and they could have 424 million shares outstanding much closer to the 495 that Amazon has outstanding but they've chosen to be trading at that price level and then it's so intriguing because this folks was one of the big high flies they go all the way back here you know 90s going up to see this talking about a roller coaster totally so look at this and 98 it was at $10 yep and 2000 March of 2000 it was at 82 yep and then Kaboom and 2002 was back to 8 how about Oracle did Oracle do one of those no for some reason there in my head I know they're still they never quite had a pullback like that but in terms of their share price no it did so they have 3.2 billion shares outstanding they were pumping them out Oracle made it all back though yeah not quite the run that that's not quite the but look at the you know if we go there it's the 1999 $5 up to back to 7 yep button we just hit 60 right yeah that's the different story you know that good old Ellison man now he's pumping out Tesla on the board he's doing just fine right now those I mean Alice Ellison was what he was one of the first companies on the subscription model you know what I mean he got software the service yeah right that's the guys that started SAP came off Oracle and watch this this is like a powerhouse man I'll bring this up in Germany right now okay and euros and I believe sales force Ben walk yeah exactly came out of there and he really pioneered and pushed yeah and how about CRM for sales force let's check the one more CRM because man oh man and they are just a juggernaut as well yeah yeah yeah sales force we just let's see so six dollars and 29 cents yeah what do you always add 2009 I have one 24 and even we're a 160 yeah 126 billion dollar company man and there's this look at the growth 29% yeah 24 in the United States and all of it application software let's see what I'm curious what the ownership if I what it's gonna come in here it takes a little time to load it up it's got the big shares so fidelity at the top Vanguard BlackRock T-Row and there he is number six sitting on 30.6 million shares so what is that that's 300 million 3 billion would be 100 bucks so that's 4 or 5 billion dollars right there and just equity right now you're gonna see why Larry Ellison is also the richest man he sure is he loves his yachts what's the what's the cup over there he just he just outspends and gets the biggest best fastest boat out there 34% 34% folks he owns well here we go billion shares 1.1 billion shares 1.1 billion shares yeah and guess what this is when you start doing amazing stuff right if he had a million shares yeah he'd be worth 54 million dollars well he's got a billion shares yeah you know right I mean it's pretty staggering when not I mean even Bezos you do those types of conversions but Bezos has 57 million shares if he has 57 million shares of a company trading at one dollar the guys live in life and worth 57 million dollars that company's trading at $1777 he's got 54 million shares paper paper is something else Dow Dow's up 30 right now Nasdaq's up 9 S&Ps are up 6 let me see if this S&P you know we haven't tested that high up there yet and we tested around with it yeah it's the last time that was when we started the program right yes 10 o'clock yeah we started it so the highway looking out here is the high from last night folks uh 3,014 and Nasdaq had tested and bottom line came back just hanging at highs what's that waiting for man maybe it's waiting for Microsoft earnings tomorrow man I want to pull up after the break we'll take a look at Microsoft because I'm curious what their shares outstanding they got some numbers as well Dow Dow's up 31 Nasdaq's up 10 S&Ps up 5.5 come 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 trade that we tigers and tigers share if 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the break we got to slow it down one more so we're looking at just same thing shares of course so they're sitting on 7.6 billion shares outstanding market cap of 1.07 trillion so it's interesting that all these companies now they make decisions in the past that reflect what they're trading at right now but Microsoft could easily if they wanted to say trade at a price similar to Amazon if they wanted to create a barrier to entry they want to create maybe a stronger hand where you need that money they could do a reverse stock split they could easily just cut their shares by 10 they'd have 769 million shares outstanding they'd be trading at 1392 they'd still be more affordable than an Amazon share because Amazon is making a very conscious decision not to do a stock split I mean they are very conscious that they're trading at $1,700 they're trading at a very expensive price and they're happy with that because if they weren't they'd do a stock split so it's just interesting to see these companies now you know what's wild that Schwab just started that you can buy fractions of shares now Jeff Bezos is not going to be happy with that so no seriously that's going to be interesting I wonder there's got to be added fees to that because they're facilitating that I agree maybe that's why they're all going to be able to charge zero dollar commissions because and that's the worry as they put that out there where are they going to get that money from the people that are going to put their money in those funds excuse me funds brokerages and maybe that's one of the avenues as they look for it so Microsoft is going to be looking for $32 billion $14 to the bottom line $32 billion not bad there we go thanks for watching we'll be back this afternoon thanks man we'll get him folks