 The following is a presentation of TFNN The morning markets kickoff With your host Tommy O'Brien We get the markets picking things off up in positive territory to kick things off We'll do about our best this hour and we're gonna have our man Jacob Schub filling in as Well this week in this morning slot We have crude down a buck 66 right now training at 8388 a little bit of a pullback for that crew contract You jump around to commodities gold. How about gold? Let's talk a little bit about gold gold up $11 trading at 2009 and yeah, I do apologize folks. I thought they had the some excellent internet here That's what they told me on this lovely Airbnb. We're staying at Okay, so you can't hear me my computer's lagging a bit when we're talking about in terms of data But we'll jump around there's your crew contract trading at 8387 and Let's jump to notes and bonds. They've been all the focus and They're gonna be all the focus and we have a little bit of a reverberation in terms of lower price higher yield and It's pretty interesting The range that these are trading in right now. It seems like one day you wake up And the conversation is that rates have peaked out the next day you wake up and they've given back everything We've done. We've been talking about this channel line in the tenure for some time now You're looking at it possibly on my charts right now on Tiger TV and in the den and you have the tenure right now trading down about 12 ticks We're training at 10601 you check out this channel line. This is a channel line on a daily basis Pretty remarkable. You started this thing at almost 117. Let's see what that high is I think it might have been 117 on the dot it sure was 117 on the dot So we're trading down a solid 11 points and the point being we are still well within that channel line And we really started talking about this channel line Back on October 11th, it's gonna be November soon folks in two days And what do we do we trade to the bottom of that line almost perfectly? We've now traded back to the middle of that range and you still have lower lows and lower highs coming at you on that 10 years So be careful of everybody talking about rates of peaked Because it's more than possible that that is the case I got a couple articles pulled up here in terms of talking about the economics slowdown, right? Maybe that's gonna do some of the Fed's work for it But boy you look at this chart technically you look at this channel line and I would keep this channel line on your charts Okay, because it's a nice clear channel line We're trading right now at 106 and when you get to the upper or lower boundary line of that tenure That's a nice indication of an area of possibly resistance or support And if you break through that area, maybe that's gonna be your your test eventually When you break out of this channel line you break out you wait for the retest And maybe that's the area that you really get a pullback in yields We will see we jump over the dollar index this morning as we have a little bit of higher yield DXY We got the dollar index Backing off a bit so it is interesting in terms of the relationship that we have going on between yields notes the market and then the dollar index right so this morning we have Higher yields and we have dollar weakness and we have the market positive Not exactly the scenario in terms of how things have been playing out usually in terms of how everything is related Usually what happens right? We've been seeing it that occasionally we've been getting where you get a yield spike That causing some distress in the market rightfully so But this morning that's not the case as we're getting a little bit of risk on back in the market with the S&Ps up by 24 we have yields trading lower in price and You have the dollar stronger so we have markets higher dollar stronger and yields back and off a bit now We traded down to 41 22 on Friday folks, okay, I've been talking about this area of confidence for some time and We're there so keep this area on your radar gonna be a very important area to see how we traded this 41 40 I mean pretty cool. We were talking about this area back at 40 400 44 50 about you trade down there in a straight shot Man coming into what coming into Fed week. Yeah, Fed week this week folks Quite the pullback you're talking about a 10% pullback in markets essentially and you have the S&Ps trading at 41 62 And check out how perfectly this thing traded down to the lower boundary line of that confidence area That confidence area folks is basically the 618 and the 382 of two different trends But check it out. You're right at the 618 of this one-way trip the market took that acceleration from March 7th 10th Excuse me up to the highs of 46 34 made in July. We are right at the 618 now. Think about this, right? That was quite a run man from 3,800 and change to 4,600 and change. We've given up 62% of that whole move just like that Maybe that's the area we find a little bit of support We will find out lots to talk about folks. Stay tuned seems like we got some of those technical issues worked out We'll become a right back after the break. Stay tuned folks If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Technicals sign up for rocket equities and options report today with a 30-day money-back guarantee So you have nothing to risk for all the details and to start your subscription today Visit the front page of TFNN comm TFNN educating investors 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 in the stock market To stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry Pesavento on stocks You need to pay attention to and you can trust Larry's analysis after all He's got 45 years experience as a day trader Larry will also provide daily charts Videos and data on the key markets that he's tracking Expect notifications from Larry on market movement You need to act on at any time first time subscribers also get a 30-day money-back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge Every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNN all our newsletters come with a 30-day money-back guarantee So you have absolutely nothing to worry about visit TFNN.com and try mastering probability 30 days risk-free today TFNN educating investors TFNN has launched the Tigers in 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 The Tigers stand available to all Tigers and Tigris's for just $1 for the year There's no cash 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 folk Yeah, so we're in the beautiful smoky mountains folks will maybe switch up the views. I'll see we're in this house maybe we get a little bit of Better connection as we kick things off, but seems like we got things working out now Let me get back to my charts. We got the S&Ps. It's gonna be an interesting open man You talk about a little bit of bounce off of a pullback and I do love the fact that we are bouncing off that 618 folks And it's not just the 618. Okay, it's not just the area of confidence that we've been talking about from 41 40 to 42 hundred Okay excuse me The reason why that area is so important is because this 42 200 area had been a ceiling For an extended period of time. I mean you're talking about an area, you know, call it ice call it whatever you want Okay, forty two hundred on this chart and the S&Ps if you're looking at my chart right now on Tiger TV It is a battleground man. Okay, that battleground first started and this is a three-year weekly But let's back it all the way up for I was gonna do a five-year That's right a three-year. Yeah, let's back it up on a monthly and just zoom in on the last five years or so That's gonna take a second to get the data the point being forty two hundred On this chart has been an area that at one point was an extreme. Yeah, that's gonna be too much action This forty two hundred area was originally the area the market first bounced in when the Fed hiked originally, right? And you're going back now folks almost 20 months. Okay to March of 2022. It is about to be November of 2023 that's when the Fed began their hiking cycle And if you recall on the on the moment they actually hiked you got a bump in this market from forty two hundred all the way Back to about forty six hundred before you got that acceleration down To what thirty six hundred and change you got the ultimate acceleration down to thirty five hundred and change about a year ago But you can see on this chart number one It became an area of resistance back in May when you traded right to forty two oh two just got above that level in August Again, you touched forty one seventy five in September You touched an area of forty one eighty in December of last year You touched an area of forty two oh eight in the beginning of this year. You touched an area of forty one ninety eight in April which was your brief pause before you accelerated to the recent highs So it's not just the six one eight. Okay. This is an area on the charts Excuse me That has been a critical area. It correlates to the six one eight of the move since March it correlates to the three a two of the move all the way from thirty five hundred Which is the forty two hundred area, which is where this gray area zoom in on the chart came from that's the three a two and the six one Eight they converge in an area of confidence You trade back down there with in an aggressive manner and now we're there and we get to see where we go from there And it's pretty interesting. You make it down there on tech earnings But nonetheless last week was a tough one man Let's jump around to some of those companies from last week and it wasn't just the tech companies man That was one out of three companies reporting their numbers last week You jump over to Apple shares. They catch a little bit of a lift this morning apple up about 30 pennies So nothing too substantial for Apple shares this morning. You got Microsoft shares. They're trading up $3 right now That's a 1% pop for Microsoft shares trading up to 333 this morning. You jump over to Amazon shares following their strong earnings Last week they're catching another bit Amazon gonna be up more than a dollar to 129 this morning. You jump over to Google Tough go around for Google last week. They're gonna catch a lift with the entire market, you know, Microsoft was the Microsoft was probably the most amazing one last week Now I say that they gave it all up and I've been the Amazon bill I got plenty of Amazon in my retirement account and they put up some strong strong numbers for earnings in particular But their forecast was a little bit worrisome in terms of fourth quarter revenue, right? their revenue range basically just Able to peek out at the estimate. I think it was 160 to 167 billion someone like that in the estimate was 167 so the estimate was at the very top angel that range of their Estimates, excuse me the estimate for their revenue was at the top range for their forecast Okay, so they miss a little bit, but the market loves profits, especially with a company like Amazon But I talked about that as a perfect segue To our next one Which is Talking about profits profit cuts signal more bad news for the S&P 500 off to the October slump You got Deutsche out there Deutsche Bank saying fourth quarter estimates cut more than typical and then you have Morgan Stanley's Wilson who we've talked about plenty on this program He's had a tough year. He was talking about quite a bear market pullback Didn't play out up to 4,600 but guess what we just got a 10% pullback. So maybe he was Just not a a little bit off on his timing But what they're talking about is the outlook, okay, and that's why I talked about Amazon the outlook Mike Microsoft's outlook as strong as can be man that revenue on Amazon Not what the market was thinking but nonetheless Bloomberg intelligence shows firms US firms are on pace to report a surprise increase in third-quarter earnings Forecasts for fourth future quarters have been marked down as companies warned of tepid demand and an uncertain Macro-economic outlook Deutsche Bank said analyst estimates for the fourth quarter have been cut by more than typical 1.9% since the start of reporting season Profit estimates for the next 12 months for the S&P 500 Equal weighted index, okay, which weights each company equally rather than by market value and That takes out the technology behemoths influence as much have come down 1.8% since the start of October And this is the part I wanted to get to check out this chart So in this chart here you have in the black the S&P 500 equal weighted index And then you have the blended forward earnings per share earnings estimates are dropping for the equal weighted S&P and as you can see They correlate man, you know, it's all about earnings when you get an earnings drop that correlates to a market drop Which is pretty interesting in terms of how that correlates you may say to yourself. Hey You know, we're talking about rate hikes, etc But look at this chart and how blended forward earnings per share Versus The S&P 500 equal weighted index and they are related and we have a pullback here and you got the pullback going on here But that could hamper things going on forward and that's why I talked about Amazon pessimistic tone on post earnings conference calls Is striking said one US equity strategist at RBC. She's the head of US equity strategy I should say at RBC capital markets Lori Calvesina the magnitude of downward revisions in 2023 and 24 forecast means the season so far hasn't been enough to get the US equity market out of its recent malaise She wrote in a note. Yeah, so keep your eye on these earnings, man Now Morgan Stanley's Wilson says among the he's been the most bearish man Now he was he was the winner in 2022 when he was calling for bear markets, but he called for him this year too and that didn't quite play out The odds of a rally in the fourth quarter were much lower given quote narrowing breath Cautious factor leadership falling earnings revisions and fading consumer and business confidence. So keep that on your radar, man Okay, where do we go next? Well, let's talk a little bit of mortgages as we come in. What do we got? What time we got here? We're coming into this break. All right We got about 45 seconds S&Ps up by about 27 points right now So when we get back folks, we're gonna talk about mortgages, which is yields Which is important when we talk about the Fed and then we're gonna jump to the Fed higher bond yields could end the Fed's historic rate rises So we'll come back. We'll see the opening bell. We'll talk a little bit about how there's pushing out 8% mortgages You know how they're doing it folks They're saying hey We're gonna let you refinance for free when they drop don't assume they're gonna drop. That's the key there They very well may they probably will Make sure you can afford that mortgage whatever you're signing. Stay tuned folks. We're coming back We'll talk a little bit of federal reserve chairman Powell. We'll be back Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out Teddy keg stats Tiger 4x report Teddy keg stat breaks down the 4x markets every Monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly Tiger 4x report every Monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30 or t bonds as they both influence 4x markets tremendously When you sign up for the Tiger 4x report, you also gain instant access to Teddy's 60-minute webinar archive He just hosted 4x strategies and fundamentals What is behind the Tiger 4x report for all the details and to start your 30-day Tiger 4x report subscription today? 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That's TFNN.com and hit watch Tiger TV Okay, welcome back folks making sure my mic's on it sure is we are live from the Smoky Mountains and Severeville, Tennessee right outside of Gatlinburg. We're Like mountains man, I'm gonna be jumping around this week. We'll see we get some mountains in there Maybe Market kicking things off in quite a positive green territory with the S&Ps up by 30 points as we kick off the trading session You get the Nasdaq 100 up about a hundred the Dow up by 271 this morning and the Russell catching a bit How about that Russell up by 20 points? That's one and a quarter percent We keep our eye on some of the commodities crude trading at 83 87. You're down a buck 67 for that crude contract right now and we gotta jump to Gold right you gold bugs folks if you haven't checked out the gold report yet great time to do it My dad Tom up Ryan. He's got new issue that comes out every Monday You can check it out right now. You can sign up on the front page of TFN and check out that gold report Yeah, we make it up to 2000 and what 2010 2012 quite the surge higher on Friday man to 2019 you talk about some volatility man and that gold contract you got silver How about silver up by 80 pennies, right? Is that right? That sure is silver up by 80 pennies you talk about a move man to 23 69 Hopefully my cart charts are keeping up for my producer in there. Let me check back. I better check back and make sure Yeah, I appreciate you hanging with me folks You got to watch out for those Airbnb reviews. So I'm staying in Airbnb beautiful property up here for sure Staying in a lovely cabin in the mountains and I did ask them about internet because I was concerned and they told me It was excellent. They told me it was excellent plenty of people do video calls But guess what they're in the sales business as well They're renting out cabins man and it is a decent internet because what happens here is you're in the mountains and it's not Exactly the same as city internet to put it lightly But nonetheless, we'll get through it, but there's that's there's that silver man. How about it? Look at this Let me zoom in on this action. That's all this morning, man Yeah, look at that thing man silver just from 8 30 in the morning up to 23 67 We jump back to that gold contract for a second You got gold not quite the same search. Not sure what's going on with silver, but boy, you really caught a bid there Let's jump over to notes and bonds As we're holding on to a little bit of lower price and higher yield on the tenure right now Okay, we jump around to what I was talking about. Let's kick it off with mortgages first a little bit of Come on cooperate Co-operate so what this article is talking about is is that mortgage rates at 8% and what you have now is you have Mortgage lenders talking about that they will offer you the ability to refinance later. Okay? My dad's talked about it this on his program as well. What's the pitch right now? It's marry the house date the rate right as in your Buying a house you love But you're only dating the rate and you're gonna be able to trade out that rate once interest rates go down very possible That's how it plays out You know what else is possible if that's how you're buying a home that rates don't go down And you're not planning to be able to afford that mortgage for an extended period of time Do not sign a mortgage folks that you cannot afford if rates stay where they are for an extended period of time. That's just sound business advice, okay Now I say that because you're listen. They're in the sales business of selling you a mortgage Okay, so you're gonna see this one now you buy now and guess what we're gonna give you a refinance free So yeah, that's it's not a bad deal because I'm worried about refinancing right? What happens if I'm buying when rates peak and meanwhile six or 12 months later rates drop and boom I got to get hit with all these refinance fees just to refinance a mortgage. Well, no your lender saying hey, guess what? We're gonna. We're gonna pay for that for you. Well number one There's no guarantee those rates are gonna come back down first of all, okay, because that is almost implying It's a great way to do it to say we all know they're gonna come down and we're gonna pay for it when they do Not necessarily the case now. Here's the last part of this before we get into the mr. Powell Usually you're gonna end up paying a higher rate and you're gonna pay more costs up front Nothing's for free folks. Okay, when you buy a free car. Yeah, I'm a free car when you buy a car You ever see those auto dealers man auto dealers are some of the best sales people out there And what do they give you some of the auto dealers around in Florida man? There used to be a key dealer where they were given away a free vacation They give you a free vacation if you bought a car and most of the time I'd watch that ad and I'd say I don't want a free vacation. I want you to take that cost of that free vacation that you're gonna give me out of the cost of the car and How about you just give it to me for cheaper, right? Well, that's not the way it works, man And in the same case, that's the deal going on here. Okay Generally and here's the part I wanted to get to here buyers get the option to refinance their mortgage later Frates fall without having to pay much of the closing costs. Okay, and you're talking about maybe a few grand maybe three thousand dollars But usually okay These costs are gonna be higher and that's the buyer beware that I just want to get to what are the downsides And this is a Wall Street Journal article by now refinance later mortgages may have higher initial fees or interest rates Ask the lender how it is able to offer free or reduced financing You know how it's able to do it but folks the only way it's able to do that is they put those costs into the mortgage They're giving you okay, if you refinance with your current lender You will still likely pay third-party fees for services such as an appraisal if you need one Which you don't always need in a refinance, okay? So be wary of those just be wary of them if you're signing a house right now and listen There's nothing wrong with buying a house right now if you can afford the mortgage If you're buying it for a longer term if you're paying rent anyway, right all that stuff you're paying a lot of money I know it man 8% it is amazing what that does to a mortgage payment But just make sure you can afford it and don't plan on those rates going down or don't plan on being able to refinance in The future because that's not exactly how it plays out. All right, let's get to the main event man Higher bond yields could end the Fed's historic rate rises. Well, I don't think we're gonna get a rate increase this week Because that would shock the market. I got my man Tommy O'Brien staring at me from inside the house We're gonna bring him out here before the end of the program our man Landon too. We'll get them both out here They're happy. They're having a good time So what this is talking about of course is that many people have been saying and That term can get you in trouble many people have been saying But the article speaks for itself, right higher bond yields could end the Fed's historic rise some economists say the rising yields term premium That's why I want to get here is worth two or three Fed rate hikes So what chairman Powell says is the rise in rates has not been a Projection of where the Fed will be okay, which has been happening for some time The rise in rates in chairman Powell's opinion. Okay has been Term premium Which is real. Okay. Now, let me get his quote here Fed officials including Jerome Powell don't think That is behind the recent market sell-off talking about their tightening. Okay, it doesn't seem to be principally about Expectations of us doing more said Powell Okay That suggests the increase is being driven primarily by a rise in what is called term premium That is the extra compensation that investors demand for holding longer dated investments Powell conceded that higher-term premiums could substitute for Fed hikes in short-term rates though He hesitated to say so definitively the quote No, that's And it makes sense man, you know, you look at everything you look at the debt of the US the amount of paper They have to push out, you know When I look at it as a sound business decision in terms of lending the US government money for 10 or 30 years You're playing with a little bit of fire there in terms. You better deserve some term premium Because are we even gonna have a government open? When the next Closure happens, which is only weeks away. Stay tuned folks. We coming back We'll talk a little bit of McDonald's when we get back. Stay tuned You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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We've got markets in positive territory to kick things off you talk about an acceleration man How about those SMPs up 41 points right now trading at 41 79? We're gonna jump to McDonald's next McDonald's not joining in the fund This morning as they give back the gains on their strong numbers for earnings, but the market boy We're catching a bid right now now for content next year folks We've been in quite a pullback that area of confidence forty two hundred to forty one forty We're just coming up to that area gonna be interesting to see what happens at forty two hundred Maybe that's the next area that you catch a bid to That we face a potential area of resistance, but we're in the battle zone right now and especially interesting We're in that battle zone as we come into a Fed decision Almost 48 hours out from right now, right? What are we talking about? 52 hours and 17 minutes to be exact from Chairman Powell's announcement and 30 minutes after that we get a press conference NASDAQ 100 you're up by 1.2 percent this morning. You got the SMP These up by almost a percent. You have the doll right now up by about eight tenths percent and the Russell up by 1.25 percent you talk about an acceleration Now let's jump over to McDonald's this morning Trying to keep up come on. Let's go to this job to talk about some of their numbers here So McDonald's the chart could load for me here Come on, mister. Yeah, I apologize folks a Little bit tough on the connection for everything going on But McDonald's is basically flat this morning They were higher and getting into their numbers man check out these numbers talk about some top standards Top's estimates was helped from Pricier burgers. Okay comp sales which track restaurants open for at least 13 months Rows 8.8 percent in the period the market was only look for 7.8 percent The earnings 319 a share that beat estimates higher prices resulted in bigger checks Sizes yeah, they expanded delivery and digital channels better run restaurants I mean it's some strong numbers man sales increased at their slowest rate so far this year though with executives warning in July that the Overall price pace of growth would moderate as high inflation and interest rates take their toll on the economy Comp sales in international markets with the economy where the company directly owns the restaurants up 8.3 percent Just missing the mark licensed foreign markets It's also expanded at a slower clip than the same period last year Restructuring costs hurt earnings by two cents a share 26 million bucks and You get back to McDonald's shares There you go you talk about a give-back right McDonald's we spiked to 263 70 and you give it all back on the open man Nothing happened on that conference call that was just supply meeting demand on the open and McDonald's Gives it back on the open. I mean think about that right you're growing comp sales in almost 9% at McDonald's and The market says yeah, what have you done for me lately, man, and you give it all up back Let's jump around to some of these bank stocks as we kick it off this morning Microsoft I'll put it man up by 1.9 percent. There's a lift for you Amazon shares up by 2.3 percent right now The big dog Apple as the Nasdaq catches a bid look at this bid man. They're buying everything Apple up by 1.6 percent this morning Even Google's catching a bid up by 1.8 percent we jump over to Tesla shares They're in the positive Tesla not as much as some of the other Magnificent seven, but still up by 1.2 percent man. We jump over in a video shares This market's on fire right now, man. Yeah, and a video shares trading up by What almost $10 $9 up by 2.2 percent? Well, you look at all those equities and you got the Nasdaq 100 right now up by 1.2 percent But you could make the case that could up be up even more with the way that this market is moving Let's check on our commodities and what we got Going gold contract still trading at about 2007 and we jump to notes and bonds right now down about 12 ticks Pretty much where we kicked off the program for the 10 year the 30 year right now down about 14 ticks trading at 1.0902 Alright, what else we got pulled up here? And we talked about mortgages. Let's see. Oh, this is an interesting one Yeah, so having just flown to Europe myself for a wedding. I flew to Spain, Mallorca flew through Zurich, Switzerland I was flying Swiss air owned by Lufthansa and I Noticed this section so the article here is that flyers can't get enough for the upper middle-class section of the plane premium Economy seats are one notch below business class and one above the best parts of coach Now it's so interesting here is that if you've never flown internationally folks business Class is in the class of its own and it's also in the class of its own when it comes to the cost now I think I paid about a thousand dollars per flight to fly over to Europe Not that bad when you think about it paying a thousand bucks to fly over to Mallorca. We connected through Zurich We had about a nine to ten hour flight on the first leg and then it was a An hour and a half puddle jump on the second leg to go from Zurich over to Mallorca, but I noticed these see Beats and the kicker was is that I said number and they're then you know You pay for the economy you're paying a thousand bucks you pay for business class You might be paying eight or nine grand for that business class seat, okay? And it's a different world you got your own little space there for sure if you can afford it Why the heck not okay? But then I did notice the upper middle class in terms you're talking about premium economy And it was interesting because I haven't flown internationally a while and they started these ten years ago That's where it goes. Let's see where they talk about it They talk about Lufthansa in particular Here it is German carrier Lufthansa which introduced premium economy nearly a decade ago now has 52 premium economy seats on its Airbus a 38800 wide-body airlines that might have been the plane that was flying Quantas plans to add 40 seat premium economy cabins to its a 350s arriving in 2026 so they're trying to find that happy medium to charge you more money right which is interesting with evermore sections and Options on planes travelers say can be hard to figure out whether upgrading is worth it one way dividing the cost To the upgrade by the number of hours in the flight. Listen if you can afford it you can afford it Okay, but the way I was doing things in my own head man, you know, that's a lot of money for a few hours of flight time and But it was interesting to see like this an upgrade from the economy to premium select cost $800 in the days before here for a flight But when she checked in at the airport she had an upgrade offer of 375 $29 for an hour of flying. Yeah, because it's a 12-hour flight. And so you put it that way I'm just being myself being on one of these boats recently. It did Strike me as interesting that they had and it's not as noticeable the difference You get in a premium economy seat with a little bit more leg room a little bit more with They were sure serving cocktails and something when you got on the plane to these people Well, we were sitting there and coach waiting to for the plane to begin the distance between seats Premium pluses between 38 and 40 inches long. Guess what you get in the main cabin 31 inches percentage wise man What are you talking about almost a 33% increase in the amount of distance between seats? And that's what matters man. You don't want to get slammed in there like sardines Nonetheless, that's where it's going man And those airlines are trying to get every penny out of everybody they can but I was just living it It was interesting to see that happen. All right. How about these markets folks? We are up at forty one eighty two right now And that is the area that we chopped around at from about Wednesday night to where this market accelerated on Friday morning Maybe forty two hundred is the area we'll come into next Stay tuned folks one more segment will be coming back to finish up the show The gold report as a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market The US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds the South African Rand as well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30-day money back guarantee so you have nothing to risk Subscribe to Tom O'Brien's gold report newsletter now at tfnn.com You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life Before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by Basil Chapman Creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in Identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman and your inbox every day First time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors 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 in the stock market To stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24-7 newsletter at tfnn.com when you subscribe You'll get a weekly report from veteran day trader Larry Pezzavento on stocks You need to pay attention to and you can trust Larry's analysis after all he's got 45 years Experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from Larry on market movement You need to act on at any time first time subscribers also get a 30-day money back guarantee If you're not satisfied let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch Tiger TV. That's tfnn.com then hit watch Tiger TV Welcome back folks. We got the SMPs up by 43 points right now trading at 41 80 well off of the lows of Friday Remember we're trading at 41 22 so you're talking about 60 points off of that flash low We got on Friday. We got more earnings coming out this week We check back in on McDonald's real quick as they give up the gains they had Coming into the open McDonald's shares right now. Yeah, basically flat We're up by 65 pennies right now at 256 some great comments in the den I appreciate it as we were talking about The airfare and it is business class equals your company's paying for it I agree because those costs and our man Dan in the den saying he was flying You know to Japan 20 years ago paying $5,000 a flight But guess what you're working during that time Anytime you're you know, you had a third-party payer right my dad talks about it all the time a third-party payer Well, guess why they can charge eight to ten thousand dollars a flight folks Because they got third-party payers because your business is paying for that and part of the job there Is that if they're shipping you all over the world as part of your business and you've reached executive status? Whatever it is, right? Well, they're making that a little bit more enjoyable for you by putting you in business class And maybe you're working while you're there. It warrants some of the price, etc And so they're trying to add a little bit of happy medium right getting something out of the people that maybe don't have a third-party pair of business that don't want to be jammed into a Seat where you only got 31 inches of leg room Nonetheless All right, and what else do we jump to GM they reach a tentative deal with the United Auto Workers to end the six-week Strikes so last week it was forward this week. It's GM. Where is still Antis? But you're talking about a 25 percent hourly raise plus cost of living allowances over the more than four-year contract 25% hourly raise over a four-year contract folks is what five What is it five six six point two five percent is that right sister? Yeah six point two five percent is the raise there on a yearly basis plus some Cost of living allowances so everybody sees the twenty five percent raise number But guess what they get some catch up to go right because of inflation recently And then they got to make a copy of the future. So Headline numbers man. These are fair numbers for those workers in my opinion and it looks like they're getting a deal done And we jump over to GM and they are lower off by four tenths percent for chairs right now lower as well Market higher stay tuned folks. We got our man Basil Chapman. He's