 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good morning everybody, I'm Tommy O'Brien, coming to you live from TFNN Friday morning just after 9 a.m. Eastern time. We got about 24 minutes to go until the start of trading and markets picking things up and positive territory backing off from the highs we had yesterday, quite an acceleration when you're talking about almost a percentage and a half from the highs to lows. You're trading at 42.60 just after I got off the program at about 10 a.m. Eastern time when our man Basil Chapman took over. You trade down to a low at about 3 o'clock. You do get a little bit of a lift to the upside for the final hour of trading yesterday overnight. You catch a lift basically sitting right at where we were about 1 p.m. Eastern time. That price level of 42.35 in the S&Ps, we're up right now about half a percent trading at 42.32. NASDAQ 100, we're up about 6.10 percent, NASDAQ 100. You trade down about 275 points from high to lows yesterday, we're right where we closed out Wednesday action though in the NASDAQ 100 at about 13,400. The Dow up 150 points, that's about 4.10 percent in the green. You got the Russell this morning, up by about 11 points, half a percent. Bitcoin backs off from the highs yesterday, talk about getting close to 25,000. You miss it by 20 bucks, 24,980. The price of Bitcoin, Ethereum just under 2,000, you make it to 1947. We're trading at 1,888 right now. Gold contract catching a little bit of a bid even in the last hour or so. Gold trades from 1,800 to 1,810. We're positive by $3 on the session. Silver contract at about $20.50, a little bit of a lift as well. We jump to, I want to take a look at that natural gas actually. You can look at natural gas on the daily. Maybe we're climbing back up to that nine point. Natural gas trading, basically negative nine ticks on the session at 878. But look at the volatility we've had in the last few days. Back to a 15 minute chart, there's your volatility on Monday, you're trading at 750. Got about as close as you could yesterday to $9 on natural gas, we've backed off a bit. One of the things, you have the IEA yesterday coming out, increasing the consumption estimates for a day by 380,000 barrels of crude. Why are they increasing the consumption estimates for the barrels of crude? Because what's going to happen, folks, natural gas is so expensive that people are going to start trying to use oil as energy versus natural gas. That's going to bump the demand for barrels of crude. Interesting action and commodities always. What are they saying? Commodities best cure for higher prices is higher prices. You've seen it play out in the contract of natural gas because what's happening, right? You have natural gas high, they're going to leave natural gas, they're going to seek other ways to provide energy. Now these are just ebbs and flows that are going to continue in a big way. Our man, Ed Young, got to love it totally, man. It's such a cool saying in commodities. It is the real deal, folks. You get to higher prices, it's the same thing and I'm not even a farmer, folks, but you see it in terms of crops, right? If crops are high, what are they going to do? You use your land, not to plant the crops that are abundant that you're not going to get as much money for. What are you going to do? You're going to plant the crops that have the highest price. What does that do? You provide supply, supply equals demand at a lower price point. That brings down the supply. Interesting action, though. When you get natural gas, include both of them, pretty elevated levels. When you look at that in a big way. Pretty remarkable, right, that where natural gas is, you actually have consumption going up for crude when it's sitting at $90 a barrel. That should give you some context, folks, of where you have a potential lower boundary for support. When you have natural gas being so expensive that people are flocking to crude at $90 a barrel, it puts things in context of how much crude actually costs compared to other energy sources like natural gas. A little bit of commodity segment to kick things off. We jump over to notes and bonds. Up by 8 ticks, there's your daily. We spiked to a high 10 days ago of 1202. Since then, we've got lower prices and higher yields. Right now, you're talking about a yield, let me pull that up, 2.85%. We'll call it 2.85%. There's your 15-minute action. We dived lower yesterday, 2.85% of the yield on the 10-year. Remember we said we're going to stop at 3% for a while? We said we're going to stop, my goodness, at 3.5% for a while? Then you trade down to 2.5% almost. Now we're up to 2.85%. If you think volatility is over in this market, folks, just watch the moves we have going on in notes and bonds because as long as you have that type of volatility in the note and bond market, that is an example of the volatility that you will see play out in the equity market as well. All right, let's jump over to the VIX volatility index. We got a 19-handle on Wednesday for the first time, like six months, I think. We're back above 20, and just like that, we're back to a 19-handle this morning. You take a look at the daily, and April 21st, let's see, so April 21st, you got a low in 1981, 1975, what did we get a couple of days ago, 1954. Yeah, had not seen those prices in the VIX since against April, so four months, I guess, on April. You make it down to actually 18, and you're talking about all the way back to January. Not so sure we'll get there just yet, but we got a lot of strength in this market, man. Let's jump around to some of the fang stocks. Apple, one of the strongest. I mean, we are basically bumping up to the upper boundary line of Apple. You make it up to Apple March 30th, Apple's been so strong, man, on the high, almost 180, your technical high, 182.94, absolutely remarkable, folks, that Apple at that time to hit the $3 trillion market cap valuation needed to hit 182, like 86, something like that. It was 182 when changed. That's the number they needed to hit. They did hit it. They hit the $3 trillion market. We got all the headlines. And that basically crowned the beginning of the bear market. You almost make it back up to that level back in March. And again, we've almost climbed to that level. I mean, right now, folks, for Apple, just for some context, Apple is trading at prices that you were trading at December 21st. Yeah, basically getting it all back, pretty remarkable. You are $10 off the high. Apple does have, I mean, technically, you're $14, I guess, off the high. Apple does have 16 billion shares outstanding. So even $10 from the high, you're talking about $160 billion in market caps still off of the highs. But as I just mentioned, they've got 16 billion shares, folks. We just rose $40, okay? You're talking about more than $600 billion in market cap rate. I talked about it yesterday, and that was after sliding $50, which is $800 billion of destruction. So Apple loses $800 billion from the span of about April 1st to June 16th, 17th. So two and a half months, they lose $800 billion. And in the span of about, we'll call it two months now, I guess. We're inching towards the middle of August in the span of two months. Right? What do you do? You get back $600 plus billion in market cap. Talk about some volatility, man. That's Apple for you right now. We jump over to Amazon shares. Amazon going to open up a little bit this morning as well. You're back to 142. They give back some decent price action yesterday after accelerating higher on that CPI data on Wednesday. Amazon up about $1.50 right now. That's going to be a 1% pop at the open. S&Ps continuing to inch higher right now. We're trading at $42.35. We jump over to Microsoft shares. Yeah, you're going to open about $2 high from Microsoft. Let's see how Tesla's trading this morning. There's a lift for you. Tesla going to open up about $10 this morning. We check out Twitter, how they're trading. Twitter basically flat at about $44. You had Disney with their earnings yesterday. Big numbers for Disney. They give back some of that with the market selling off from about $123.52 down to $118. You're up a bit for Disney shares this morning. NASDAQ 100 just got above where we were at about $4.30 in the morning. We're trading up 100 points on the dot right now. $13,411. Stay tuned folks. We'll be coming back. Go over some of the equities that are moving this morning. I'll be right back in three minutes. VistaGold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. 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We get the S&Ps right now up 25 points. Gonna be interesting to see how we finish this week. It's been quite a week. We got the CPI data on Wednesday. We got PPI data yesterday. You catch a pop to 42.60. We're trading right now at 42.34. Jumping around to some of the other stocks with earnings. Rivian, they're losing a lot of money, man. A lot more money than the market was thinking. And they're starting to take money in, though. At least, that would be the silver lining, I guess, pretty interesting. You got actually no movement right now. You do have movement overnight. You're gonna open right now within about 30 cents of where you were. Now, you talk about some volatility. Rivian had about a 10% move priced into either direction, $3.63 cents. Okay, you're trading at about 39. Nine to 10% move priced in on their earnings. You check out the action right now and you spike down immediately on their miss to 36.50. Up to 40.65, you're trading right now at 39.35. They got rising costs in a big way, along with everybody else. Maintain their full year guidance for deliveries. That's probably the most important thing right now. Costs are very important as well. You saw this stock get punished, but they need to start putting out cars, man. Second quarter revenue was higher than what they were thinking, but getting into the numbers. Revenue, 364 million versus 337. Adjusted loss per share, 162 versus 163. Net loss for the quarter, $1.7 billion. Now, they have 15.5 billion in cash, okay? But that's down from 17 billion March 31st. Yeah, they lost about a billion and a half dollars. It's confident. The cash is enough to fund its operations until it launches its upcoming smaller product platform called R2 at its new factory in Georgia in 2025. Folks, 2025 is a long way away for a company losing money at the rate right now of more than $6 billion a year, okay? What is it to be exact? 6.8, $6.8 billion a year, okay? They only have 15.5 billion dollars. And they're gonna make it to 2025. Now they're taking in money, okay? It has 98,000 net pre-orders, okay? They confirm they still expect to make about 25,000 vehicles this year in line with the reduced guidance that they provided in March, but it's August. So they're keeping what they said in March. It now expects the full year adjusted loss, 5.4 billion. They were looking for 4.75 billion in May. So to put that in context, in the last three months, they have now said they're gonna lose $100 million more than they were thinking, 650 to be exact, all right? That's kind of the worry for a company like this, folks. Would not be surprising, okay? If you get a bid at all, which is what may hold this stock down for a while, all right? Talk about a demise, man, from 179.47 down to 19 bucks. Now you have doubled in price since their last earnings in May, but there is a very real chance they will have to go to market for funds, folks. I could see them doing an offering. I could see them doing something because they have $15.5 billion on the books, okay? And I'm gonna pull up more articles from them because I was reading one Bloomberg one last night. I mean, revenue, yeah, they're taking in 364 million. I think they sold four or 5,000 cars. Maybe that was it. They kicked things off. And that was versus $0 a year ago. I always said when they went public, man, credit to the management and ownership team getting a company to go public at evaluation of, I think they're approaching like $80 billion. What are they at right now? Had to be even more than that, man. They're at $35 billion right now. And that's what the price trading at about $40. Geez, so they were quadruple that. And even if you take where they were at about a hundred, that's two and a half. That's about a $100 billion market cap. Yeah, because what do they have? They have exactly, I believe, yeah, almost a billion shares outstanding. So for simple math, they have 900 million shares outstanding, but pretty close to the value of, they're at $38 right now and they're trading with a market cap of $35 billion. So when they were at one, sorry for jumping back, when they were at 180, this company had a market cap of like $160 billion and they had no revenue. Try and use your brains the next time that happens, folks. And you see a company doing that. It seems easy in retrospect, but keep in mind the churn rate that they have going on right now and the fact that they're increasing those numbers just since May, they've said, they're now going to lose $750 million more. They need to get through the next couple of years. We've seen how things play out with Tesla, right? Remember when Tesla was on the verge of almost collapse and that stock was getting pummeled, you may see Rivian having to go to the public for more money, man, because $15.5 billion seems like a lot, but not when you're losing almost $6 billion a year and costs are going up and the losses are being revised to the upside, okay? They're going to have a lot of competition, man. EVs, they sure are. Probably going to be around in the long run. It's not going to be one of those deals like Tesla that they may go BK, but you're talking about a company, folks, that's valued at $35 billion and they've just begun taking in some revenue to the tune of $350 million and they're losing $6 billion a year. Wild stuff, man, in this market across the board. All right, what else do we have pulled up here? Yeah, Bank of America, they're saying the cash racing the stocks and bonds as inflation's ease, global equity funds. Talk about billions, man. $7.1 billion in the week through August 10th, okay? That's citing EPFR data, not familiar. US stocks saw inflows of $11 billion, the biggest in eight weeks. Rate sensitive growth funds posted the largest influx since December. What makes sense with everything going on, right? We were talking about, man, Kevin Hinks yesterday. We just got through arguably three of the biggest data points you get for the month at a time when the data is more important than ever. The Federal Reserve has told you we are on a hiking cycle, inflation is out of control and we're gonna watch the data points over this month and next month as we come into the September meeting. We just got the jobs report on Friday, 500,000 plus jobs added, 3.5% on inflation. You get CPI on Wednesday, month over month, zero. Problem, of course, is that we have negative price action in energy. We have positive price action still going on in food, in shelter, both big components of CPI. You get the PPI number on Thursday though and what do we see? We see a decline when the market was looking for an expectation. So it would make sense that money is flowing to some of those areas that might be sensitive to rates. Financial stocks drew cash for a second straight week, marking a reversal of 18 weeks of outflows. Global bonds saw inflows of 11.7 billion and 4.3 billion pulled out of cash. US stocks tracked the longest-winning weekly streak since November. It's not really that big of a streak. I mean, yeah, you got four weeks there. The third one was barely. So Bank of America's own bull and bear indicator remains maximum bearish for a ninth week in a row, though that's often seen as a contrarian signal to buy. I mean, where's the upside on this market right now? That's what I try and figure out, right? I mean, we saw a little sell-off yesterday, all right? We got markets moving, we got notes and bots moving pretty dramatically right now. Where is the potential upside? Is it 4,600? It's possible. Not a lot of people thought we were gonna drift up to 4,600 in March and remember how quickly things turned around. We got through this data point, all right? But I was talking about it on my show yesterday, man. I'm gonna talk about it again. Right now quickly, we might finish it up after the break, okay? But that CPI data that's being celebrated, folks, you saw Fed governors coming out already on the heels of the CPI data saying good numbers, but I haven't seen anything that changes how fast I wanna hike, right? You saw Kashkari coming out saying that. He's a voting member next year. He said he still wants to hike next year, okay? The reason why CPI went down so much in the month of July is because month over month, it was being compared to June. Here is what crude did for the month of June. You kicked off the month at 1.15, you went up to 1.20 and you closed out the month at about 1.10. Those influences are not gonna be present when we get the August numbers and less crudes down at $65 to $70. Stay tuned, folks, we'll be right back for the open. At a time of booming inflation, we are purchasing powers eroded. There's no better place to protect your hard earned money than ain't gold. This the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This the gold just completed the Monk Todd Feasibility Study, which resulted in a 7 million ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. This distinguishes Monk Todd as an attractive, de-response, ready-development stage gold project. 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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 got markets open. You're looking at an S&P up about half a percent right now, 20 points in the positive at 42.30, Nasdaq 100, up about 2.30% right at 13,400 and the Dow up about a 30%, 33,425. We jump over to commodities, crude, down to $1.72, but quite a little pop recently. From where we were trading, you back things up. That's last Friday. We were trading at 80. Is that right? Where am I? Yes, that's last Friday. We had a low of 87.01, we're trading right now, 92.61. Backing off the highs, there's your 15 minutes action. Up to $95 yesterday, you almost hit that price action today as well, volatility here to stay right now in that crude market in a big way. And how about natural gas as well, right? Natural gas, look at this thing, man. Just since 7.30 this morning, up 35 cents, man, to 8.85. I mean, natural gas, folks, usually. To put that, let's back it up even further here in a five-year weekly. So you came, that's remarkable. You came into COVID at about 228. You do get spikes on this thing. Let's back it up even further. I mean, look at this move we're getting. Just wild stuff in natural gas, to say the least. All right, let's jump around to some of the equities that are moving this morning. We talked about Rivian. Honest company, up 1.6% in the pre-market in spite of a wider than expected loss. So they do natural consumer products. They now see a wider full-year loss than previously thought due to what? Cost pressures, but expects improvement as the year goes on, including positive, adjusted earnings for the fourth quarter. Hey, take a look at this stock. Whoops, HNST, Honest Company, okay? You open basically flat right now after their numbers. You take a look at this thing though, which is why I bring it up, all right? I think that's going all the way back. No, it's not. Wow, yeah, I gotta go back. Okay, this is when they go public. Is that right? Yes, so they go public, folks. May of 2021, and I forget who was involved in this. Is it Jessica Alba? I think it might be Gwyneth Paltrow. I should look it up, but I'm pretty sure it's Jessica Alba. Yeah, it is Jessica Alba. And so we have bought some of their products. We bought some of their overnight diapers or something like that. Listen, I'm all about saving the environment, and recycling, doing all that stuff. And just using products, especially on kids, babies, the skin, right? Natural products, et cetera. But I tell you folks, I wasn't a fan. I was not a fan at all. And if you have a toddler, if you have a baby in the house, all right? Once they got Tommy, just turned a year and a half earlier this month, which is wild stuff. But at that point, they're drinking a lot of liquids. They're still taking about three bottles a day, drinking about 24 ounces of whole milk. That gets them a lot of good fats, they need for brain development. They're consuming 1,200 calories a day somewhere in there. They can be fussy eaters, eats a lot of yogurt, he has a lot of great fruit, protein, eats chicken, eats hot dogs, stuff like that. Point being, over the course of the night, right? He pees a lot. So what do you need? You need a good nighttime diaper. And these were horrible to put it lightly. They did not work at all. We gave them a shot. It's a tough compartment to be in, in terms of the competition, when you're dealing with consumer products, and they do more than just that. But that was my one experience, man. It was not good. And I found it ironic that I had that experience as the market was pretty much tanking 10-fold on this equity. Now you take a look at this. We're talking about inequities, price levels of $354 million, folks, okay? I'll be very careful of this equity at $354 million because guess what? They can do all the forecasting. They want, okay? But the bottom line is wider than expected losses right now. And you don't necessarily have to believe the optimism, especially for smaller companies like this that can have much more variance. And especially smaller companies like this that have charts like this, okay? I mean, look at every single earnings here, right? There's one earnings back. June of 2021, they tank. August, they tank. November, you get a slight lift before you tank. That's when the market was going up, by the way, last year, remember? Yeah, and this stock went from $23 to finish the year at eight, okay? March, anyway, you get the point. Enough time spent on that company. Illumina, down 15% in the pre-market. Gene sequencing technology, quarterly profit and revenue, lower than expected outlook that was short, well short of analyst estimates, challenging economic environment is offsetting growth in the use of the Gene Sequencing Platform, I-L-M-N. And this is the future. Man, you gotta watch out for these multiples, big time. Talk about a move, man. Up to over 500 bucks twice last year, you're down 10% on their numbers, back to a 15 minute chart. You do get a lift though. Things were much worse last night, down to 174. I think they had a little something to say maybe on that conference call that maybe saved the day a bit, built down 10% on that equity. What else have we got on here? Legal Zoom, they're up a little bit after they reported better than expected numbers. Wheels Up, you got a private JEP company, up a little bit. Poshmark, down about 1.4%. Let's see how they're trading. P-O-S-H is their symbol. As the markets slide a bit on the open. Yeah, there you go, down about 7%. Let's see how some of the retailers are trading right now. Macy's, down about 6, 10th percent. Amazon gives back their overnight gains on the open. Apple, still up about 6, 10th percent. Microsoft up 2, 10th. Disney catches a little bit of a lift following the pullback yesterday, up about 2.1%. Uber's been on quite a run recently. Check out this daily man, right? Talk about a break out of a channel line folks. I wish I was watching it a little bit better myself. Didn't quite come back and test the channel line. So not sure I would have taken that one, the ideal scenario, right? I meant Bud Rolff's. You come out of the channel line, you come back, you test it. If you bounce from that test, that's the buy. This thing just flows right out of it on earnings. Man, it's not stopping. They had gang buster earnings and since then, you've been rising in a big way. I mean this thing is up 12 bucks from 20 on June 30th, let alone being up about $10 from where it was trading at just August 1st on Uber. DoorDash, different deal man. You know, I ordered an Instacart order yesterday. For the first time in a little while, we have one kid who still is testing positive for COVID with a slight fever. He's doing well. He's gonna be fine, but just a little difficult to be running around the kids doing a bunch of shopping. That's where I find Instacart most valuable. But boy, those fees, when you got rising costs on food, man, last month, month over month, you had 1.1%, right? These rises folks, they're gonna hurt some of these companies. When you're talking about, it was tough enough to stomach maybe the convenience charge that you were paying for some of these services, right? I mean, Uber is a little bit of a different deal when you talk about rides, because it's not like most of the time, you're just making a choice for convenience. Most of the time, you're taking that Uber because you kind of have to, right? Either you're going out at night and you're drinking, please take an Uber, don't drunk drive folks, whether you're just taking a run to the airport, right? The fees are something you don't have as much choice in. But when you talk about food delivery, that is usually a choice that is something out of convenience. And I wonder if we're starting to reach a tipping point, I mean, you see it in DoorDash, man, okay? You see it, I mean, Uber's getting a lift from their ride-hailing business. They have quite a load of business from food delivery as well. But the fees that you pay on top of the inflation somehow in my brain, man, they flip the switch and it's the card. I'm trying to make it to the grocery store because things are expensive enough as is. DoorDash down 1.1% today as the market is rising, stay tuned folks, we'll be right back. We'll get a little bit about water levels over in the Rhine River and Lake Mead here in the US, we're right back. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. 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This program is brought to you by VistaGold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks. We have the S&P right now. You're up by 26 points. You catch a little bit of a lift right now back to where you were at about 4.30 in the morning. You see the volatility on the open. Right now, even in the last 12 minutes, you got about a 12 to 14 point bar. Right now on the S&P is the market tries to find out where supply equals demand. Now back 100, you're up by 8.10% right now, the Dow up by 172. So yeah, we're gonna talk a little bit of water. Now this one's interesting, man. So this headline gets me going first this morning. Okay, so the Rhine River withers to crisis level as Europe craves energy, not exactly the combo that you want. Give me one second here while I pull things up. Shallow water to effectively halt barges at the German waypoint. Climate crisis exacerbates European energy supply crunch. Okay, now you check this out. The marker at Cobb, West of Frankfurt is forecast to drop to a critical depth of 40 centimeters, just under 16 inches. I was actually shocked that you could be that low and still have barges getting through. That's supposed to happen early today, according to the German federal waterways and shipping administration. At that level, most barges that haul goods from diesel to coal are effectively unable to transit the river and it's gonna set to continue dropping to 37 centimeters the following day. Okay, that's almost a 10% drop from 40 centimeters folks. Yeah, they have a big crisis going on, probably not what you wanna see. Some barges will still be able to navigate the Rhine at Cobb, I guess, at about a foot of water. I mean, folks, a foot of water is not a lot of boats or if you're familiar with most boats. At some point, you got an engine under there, you got a hull under there. Not exactly the biggest boat's gonna be able to get through. But yeah, that's illustrating what they're dealing with. Used by vessels to haul vital commodities. The Rhine takes 800 miles from its source, high in the Swiss Alps, through some of Europe's most important industrial zones before emptying it to the North Sea near Rotterdam. And you got a bunch of companies that are using it. Levels at Cobb, dropped to 35 to 55 centimeters in the next two weeks. Some barges won't be able to cross it at all. Others are just gonna have to carry less cargo. And you have a mix of glacial runoff and rain feeds the river, but contributions from glaciers have been dwindling. Yeah, it's relying off of glaciers folks that are going away as sad as that is, man. Summer melting, outpaces winter ice formation during climate change and below average snowfall as well. That's contributing to less glacial attrition, meaning the waterway is particularly likely to fall to crisis levels. Now, there's your Rhine River. Okay, you can see where it goes in terms of the Swiss Alps all the way down the line. There's your Rhine River. There's Cobb that they're talking about there, right near Frankfurt. You're sandwiched between France, Belgium, Netherlands. You're in Germany, you're empty out in Rotterdam. It's important stuff. That's wild. The Charles River, they're saying in the Denner Menden, the other Charles River's at some crazy little levels. News reports standing in the middle, waterway up to their ankles. That's a bummer, man. I was fortunate to go to a beautiful high school, Noble and Greeno in Denner, Massachusetts. We were right on the Charles River, man. Beautiful experience, beautiful river, the rowing team there, right? You get the Charles, beautiful. Yeah, lots of beautiful stuff, man. So you jump from that story, right? So that's going to have an impact of course, okay? And if you haven't heard about it folks, it makes me think of what's going on in Lake Mead, okay? Now, if you're not familiar with it, I'm just going to pull up a few different headlines that they've caught. Now the ones that keep popping up right now, okay? Is that bodies keep popping up because they were dumping plenty of them out in Vegas and they keep popping up because the water's reaching levels. It hasn't reached almost ever. So this article was May, but I'm seeing recent articles even, I think. What do I got pulled up here, right? Let's see. Well, yeah, here we go. Either way, they do keep popping up at those levels. Now, what's so remarkable here is it feels like this is a recipe for disaster and still no one's acting to the level that they have to. Yeah, they just found the fourth one last week, that's what I thought. Now this article is from May, okay? And this is the one that really piqued my interest in this that got it on my radar and saying, what is going on, man? Are we really doing what we need to be doing here when you talk about a water price is coming at you, basically like a Mack truck coming at you head on? Here's the intake, okay? Now, let me pull this up real quick. And this is actually the article that I wanna pull up, okay? That's talking about the bodies. When is this from? April, April of this year, okay? Vegas water take intake now visible at Lake Mead. So this is the first time that you have the intake valve. That is an intake valve that is meant to pull water in, okay? It's a drinking water intake. It's the number one that they have. And that was above the surface level of the Colorado River Reservoir behind the Hoover Dam on April 25th. Now what's so remarkable here, okay, is they have a few different intakes that are different levels. And I think they get into it right here. So the surface level of Lake Powell as well in all of this, right? I encourage you to do some Google and check out some of these articles. I don't have enough time. Maybe I'll do a segment on this just because it's so interesting and it affects seven states, I believe. Lake Mead, Lake Powell upstream of the largest human-made reservoirs in the US, part of a system that provides water to more than 40 million people, okay? At Lake Mead, the new pumps, okay, are fed by an intake drilled near to the bottom of the lake. There was only completed in 2000, folks. You're talking about water supplies to 40 million people and we barely make it by the year 2000. And in the context of time, folks, a year or two, it's like nothing, okay, when you're talking about that. The third straw, as they call it, draws drinking water at 895 feet above sea level below a point at which water would not be released downstream from the Hoover Dam, okay? And I pulled up a bunch of articles just trying to see the best way to even talk about some of this stuff. Here's some visuals, just cherry-picking Google articles. This one is from July of 2022, all right? That is what the lake looked like in July of 2022. And as you fast forward, you can see the situation. This is basically your comparison of 2000 to 2021. This is Lake Mead we're looking at, okay? To where it is in 2022. I mean, that is a complete dry-up on certain areas of that just from a lot of action in a big way. So, whether you believe in climate change, folks, and I don't know how you deny that one, all right? And you're gonna attribute it to, whatever you attribute it to. But there are crises out here that are shaping up. And this one in particular, and for the states that are out there relying on that water, relying on that energy, okay? There's a severe crisis coming down the line, folks, because guess what? You can't just lower the intake valve again in like 10 years. You can't lower the intake valve below the bottom of the lake, which is basically where we just put it. Lake Mead between Nevada and Arizona reached its high watermark in July of 1983 at 1,125 feet. On Friday, the level was 1,000 feet, about 30% full. Some of the steepest cliffs bordering the lake show 170 feet of mineral burn. That is basically how far below some of those are from where they were. And this article, again, was in April and it's dropped even further from there. Pretty remarkable action, man, water. Now we get the Rhine River drying up over in Germany. Pretty dicey action, man. If I lived in one of those states and I was relying on that thing for water and for energy, I mean, we've said enough, we'll be right back, folks. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den available to all tigers and tygruses for just $1 for the year. 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And yeah, just finishing that conversation, folks. I have a son that's a year and a half old. I'd like him to live to 80 or 90 or 100 years old. Trying to plan for something like that when you have, you know, we made the Lake Mead and Lake Powell by two years they had an intake valve. And they still had one, but the point is that was dropping so quick, they were gonna lose the ability to intake on the valves to provide water. And desalination, it could totally be a factor of things to raise some great points in the den. But it's not gonna solve everything, folks. If you go over it, I've looked at this as well, right? Because it seems natural. And there's a lot of things. And this type of technology is probably gonna get a lot more attention rightfully so, all right? But desalinating all our drinking water is not as easy as it seems, you know, and you have California, they have a plant out there in San Diego as well. I think that opened five or six years ago. This article was written in 2021. The energy that it takes to do that, very cumbersome, you could have a bad cycle where you're literally going through so much energy that you're heating the environment even more, causing more climate change, causing the need for more desalination, which again is furthering the process in itself. It also has the ability, if you do it, in perpetuity at a level that would need to take out everything, okay? The intake of that water is actually very difficult. You're sucking in so much marine life somehow, very difficult to do. And then you have what you put out, right? The result of what you're putting out, and this is the part they had at the end, that basically what happens is that, yeah, the brine, the salty fluid that is flushed away from the fresh water, it's simply pumped right now straight back into the sea, it's dense, it sinks to the bottom and it can actually suffocate life. So it's not the holy grail desalination, it could help, it's something we should do, but pay attention to what's going on. Lake Mead, Lake Powell, the Rhine River now, you know, those are on basis five to 10 years, dramatic changes. You gotta plan for 50 to 100 years, folks, especially if you have kids, not fair to them, to ignore those problems, as has been the case in Lake Powell and Lake Mead. Got a little digress there, but drinking water, that gets me a little excited, especially for my kids, you know, having it around, you know? Thanks for tuning in, folks. Thanks for starting your Friday with me. Stay tuned. We got Basil Chapman, he's up next, live programming all day at TFNN. Have a great Friday, everybody.