 The following is a presentation of TFNN. The morning market kickoff with your host Tommy O'Brien. Filming for Tommy O'Brien, let's figure out what we got going on here. How y'all doing this morning? It is 58 and sunny in Florida, which is awesome. We're going to get some camping trips in here. Listen to some Stan Rogers or something like that. Let's look at what we're doing right now. All right, we're on the court, straight fundamentals right now. We're up. We're up in everything. We're up .93% before the open. The Russell futures up 1.37%. NQ up 1.32%. The Dow futures up .67%. Gold at $19.98. Still looking for above. We topped right there about 2020. Still looking for something going up from there. Silver at $23.14. And Copper at $3.68 on the contract. Tesla, we're up about 4% pre-market steel dynamics. Still trading in this bounds. I don't know. I need to hop in when we retrace back here. I think I'm going to do that. The dollar, we finally cracked it. We're at 105.88. Don't know if we're having some issues right now with the stream. Can't see the screen. Can anyone in the den tell me what's going on with this? You guys see anything? We'll run it anyways. What's the big news? What's letting this rally go on? Basically, Yellen was saying they're going to spend, excuse me, sell $776 billion in bond. This is lower than what they had announced, $852 billion prior. This somewhat suggests that we might have a stabilization in rates, at least in the tenure. This is very positive. This essentially kind of sends the market green. So rates have topped in theory. And this brings essentially less selling pressure in the bond market. This is very positive. Sorry, give us a second here. I think we are working on some technical difficulties here. All right. We'll take a look over here. We're going to Palantir. They had pretty solid earnings. So let's take a look here. Projects price revenue above estimates on demand for AI platform. They are trading about 17% up, which is pretty solid. This is obviously on a year to date. But we're looking right around here. This is a big move up. They've also been supplying just general AI for kind of warfare solutions. And there's another company called Andrew that does similar things that's run by Lucky Palmer. And what they're doing is supplying kind of tech out to border patrol agents. This is massive. So this kind of security solutions and AI is really blowing up. Data analytics firm Palantir Technologies forecast fourth quarter revenue above market estimates on Thursday, betting on strong demand for its new artificial intelligence platform from clients, including U.S. government agencies. We've spoken about them in the past. Palantir expects revenue between 599 million and 603 million, the midpoint of which was above analysts estimates of 600 million. Positive sign of the future. Demand for its new platform, the company said it was seeing strong interest in AI boot camps that it had launched in October to give clients access for one to five days. The company revenue rose 17% to 558 million in the third quarter, slightly above estimates. Revenue from government clients, key source of sales grew 12% below Wall Street expectations and 15% growth recorded in the previous quarter. Budgeting constraints at the government level has sparked some near-term uncertainty in the business, but Palantir remains positive on demand in light of geopolitical tensions. And that is a massive thing because their solutions are kind of used in, I say warfare, but we can also say security, right? Maybe it's not outright warfare, but you know intelligence gathering and stuff like that is not so direct. These guys will win with this. Still trading about 1745 on a share. It was really good a few years ago. I hopped on, there was a rally on, I don't know how long ago this was. Yeah, it was right around here. I think we went above, take a look here, further out. We traded about like $41 on the thing. I bought in around 30 and it popped up there. And luckily I got out quickly, but the problem was a lot of people didn't and it shot down and we're trading now at 1743. I like this stock. It's very interesting. And I think AI being used in kind of security solutions is definitely the forefront and going to increase. We have a news article here. We'll take a look. Uber and Lyft are paying $328 million to settle wage theft allegations in New York State. They agreed to pay a combined $328 million to sell allegations of the ride-hailing companies unlawfully withheld wages from drivers and failed to provide mandatory paid sick leave in New York State. Uber will pay $290 million while Lyft will pay about $38 million. The money will go to drivers affected by the company's alleged practices. More than 100,000 drivers in New York could be eligible to receive the funds and benefits secured under the agreements. James Office said drivers will be notified by mail. And this is such a rough like gig to be in. I had some friends who were doing, especially DoorDash, we'll talk about them because they're they had increased sales this quarter, which is pretty intense. I did not expect that, especially as I think a lot of people are not ordering out as much. So I wonder if some of these larger cities are really driving DoorDash. I know there's a major culture in Manhattan around it and I saw that a lot when I was there and a lot of people I spoke to when I was kind of prodding on that are still using DoorDash. But the workers for these companies, it's a tough space for them. If they don't get tipped, they don't make a lot of money. If they are sick, as we see in this kind of article here, it's really rough for them. Because in theory, at least we look at Uber and Lyft, they work for the company, but it's much more of a contract idea. Now, obviously they are employed, but they're using the idea that these workers would access Uber and Lyft's kind of marketplace in order to drive. It's not like a taxi company. This says for years that Uber and Lyft systematically cheated their drivers out of hundreds of millions of dollars and paying benefits while workers long hours, excuse me, while they work long hours in challenging conditions. It's interesting. So we're seeing kind of a shift in trying to get these companies in this kind of new economy that we are running. Take a look here. We can go into Starbucks. They had a massive increase as well. They're up 11%, which is pretty good for them. Look here. We'll go on the month. Huge green bar up there, trading from about the low here, at least on this bar, 91.38 before this breakout, about the same level hovering just under 92. We're trading at 101.60 now before the open. U.S. consumers still waiting to splurge on all their stuff here. This is massive. These guys are huge for the holidays with their pumpkin spice and chai lattes. And they've just maintained dominance even in a situation and in a world where people are really trying to support smaller breweries. The larger cities, they love Starbucks. It's easy. They're everywhere. And the product is consistent. Folks, stay tuned. We'll be right back. We'll get these technical difficulties sorted out in the break. And we'll see you soon. Stay right there. If you're looking for potential trading setups in the stock market, then Rocket Equities & 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 & Options Report today with a 30-day money-back guarantee so you have nothing to risk. 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Subscribe to the Fibonacci 24-7 newsletter today, TFNN.com Educating Investors. The Fibonacci 24-7 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 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. The Tiger's Den, available to all traders for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Welcome back. We are on YouTube now. We have the streaming going wrong. This is positive. You can see my mug now this morning. Before we left this for the YouTube folks, we were talking about estimates. Essentially, they're up 10.61%. And the big driver for this is that American consumers are still willing to pay higher costs for their premium seasonal beverages. That meme for the pumpkin spice is strong. Same-store sales were up 8% in the U.S. with the kind of introduction of the seasonal beverages. There's a lot of promotional activities. They popped it up. Obviously, the culture itself sells it to everyone with all the memes on pumpkin spice. International same-store sales also jumped 5%. It's a little bit less than was expected. China's same-store sales were up 5% and that beat estimates. And there was a lot of companies actually that have tried to beat Starbucks. Maybe I'll talk about that. I'm going to be filling in tomorrow as well. And we can go into a little bit, I think it was called Lucky Rabbit or something like that, but they had an attempt to beat out Starbucks and they were engaged in not great activities in order to do so and it fell through as well. Even though foot traffic increased 8%, people ordered less as the average ticket size fell 3%. That is in China. Starbucks has invested more in international business over the years. Recently announced 20,000 locations outside of North America and plans to expand 9,000 stores in China. That is a large amount. So anyways, that's what we got popping before the open today. So Barrett Gold, now this is good stuff here. Give me one second. I'm trying to pull everything up. From the Gold Report, if you're not subscribed, subscribe into that. We're at 1.19 right now. Barrett Gold beat Analyst Expectations for third quarter profit on Thursday. The Canadian Gold Minor Benefit from Lower Costs increased production and higher bullion prices. Again, the Gold contract is trading at about 1995. Toronto-based company posted adjusted earnings of 24 cents per share for the quarter ended in September 30 while analysts on average had expected 20 cents. Average prices of gold during this quarter rose 11.4% from earlier this year. With Barrett's average, realized gold prices rising 1928 per ounce from 1722. Let me take a look here. We really did have a nice runoff in gold. We get this from 1889, popped up to our high right now, at least of the year of 2019. Gold production in the third quarter was higher sequentially on higher production and it's still looking good for the gold bugs here. Of course, we're having a little bit of a pull down here from the top. We might get a consolidation kind of going on. We're talking a little bit. I didn't bring this up yet. Let's say quickly here. This isn't Europe, so it isn't always affected so much, but this company is being sued at least by some states in the U.S. This is META. The states of the U.S. are suing META because of Instagram's predatory content cultivation concept. Wow, that's a lot of got a little bit of a assonance right there, alliteration rather. European privacy officials are also hitting on them as well. META basically has behavioral advertising where it pulls in data from its users and basically tries to sell them things based on that, right? So they're putting kind of the kibosh on that. They've widened the band on the behavioral advertising practices to most of Europe on Wednesday, setting up broader conflict between the continent's privacy conscious institutions and an American technology giant. I still think that this culture is growing in the U.S. where people don't want this overall, right? So falling into that, you know, we had the lawsuit that finished out with Uber and Lyft, right? A predatory practice, as you're getting META smacked down on some of that as well. We have Attorney General at least in Washington, D.C., they're suing real-page and residential landlords. They're saying for rental price-fixing, illegally raising thousands of districts' residents' rents. Of course, you had that lawsuit. I think it was out in Kansas who got at the owners of MLS. I think that's the N.A.R. And then obviously Zillow and Redfinn got hit on that as well for kind of working together to increase some kind of fees. So now this is expanding into just straight landlords in general. The defendant landlords are some of the largest providers of multi-family housing in the district. This is in Washington, D.C., and the Office of the Attorney General's investigation revealed that real-page technology was used to set rents for more than 50,000 apartments across D.C. This is pretty intense. Which offers a variety of technology-based services to real estate owners and property managers including revenue management products. So it would be interesting to see this kind of spread out in the country if we do get that. I think there is a case to be made in a lot of areas that this is happening as well in other spots. Let's go back in here. Second to pull up what I want to pull up. In the saga of Disney, essentially, right, we're going to move over them now, okay? They've had quite a fall from grace. They're increasing prices to their parks, trying to kind of offset this major L that they've taken this entire year. And now they're moving into essentially buyout Comcast and take full control of Hulu. This is an $8.61 billion deal. It has not moved much at all at least pre-market on this news, which is not something that I like to see as someone who holds Disney. They're buying the rest of Hulu from Comcast. They'll acquire 33% of Hulu Comcasts. Excuse me. 33% of Hulu that Comcast still controls and expects to pay NBC Universal approximately $8.61 billion for it. Bob Iger said when he announced the combined streaming app that it's a logical progression of the company's direct to consumer offerings and that will provide greater opportunities for advertisers while giving bundle subscribers access to more robust and streamlined content. You know, I think that there's a bit, and you know, Bob Iger really presided over Disney after a massive kind of run-up for it, right? And they brought him back in to try to straighten out the company. I think that they're seeing issues in streaming already with Disney Plus. Okay, so that's one thing. You're buying not necessarily a competitor, but something in the same kind of industry you're in. I think that Disney, you know, this might pay off for them, but I worry that they're kind of losing, you know, what they're meant to be doing, right? Which is they have this technology, which is pulling out phenomenal movies that everyone loves. They're big blockbusters. Obviously, they acquired Star Wars, which was positive for them revenue-wise, at least in the beginning. They've had to shut down some parts of their Star Wars park, okay? And less people are going to their, or have been historically going to their parks. So they're lowering, excuse me, they're increasing the prices as that surge comes back post-pandemic, okay? Now we're seeing them trying to get into something else, which they do now. They already own a large majority of it for a while. And I don't know if that's the right way to necessarily go. That's a lot of money going out. Maybe they're kind of standardizing some cash flows and that might be positive for the company going forward. But see that more as a stabilization factor than something that's going to bring Disney back up to higher prices, right? And so I'm kind of sitting here, stuck with all these shares at a cost basis that's still below here, but, you know, when you're talking about you had a company that was, you know, above 100 for so long and now we're sitting at 8170, you know, it's not a great look. And so the Hulu thing is not something that I'm, as a stockholder, super excited over. And we'll see what other people think, too. I think they think the same because we're not moving a lot on Disney. Folks, stay tuned. We'll be right 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, and it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks and options. Teddy releases his weekly Tiger Forex 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-year T-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive. 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I think something that's important to note here is just kind of how long how far ahead Tesla is in producing these EVs. They're able to sell them at cheaper prices than these other competitors that are trying to break in. I'm interested in Volkswagen because they are trying out of cheaper EV out in Europe that has not hit American markets. They can make that profitable there for a cheap cost. They may be I wouldn't say a full on competitor with Tesla but someone that can make them kind of make some more moves, right? We take a look at other companies that are trying to break into the EV market and we're talking about Ford in particular, right? And so what Ford is doing is they're trying to essentially reel back in the production of plants, okay? Ford had proposed a $12 billion EV factory in Kentucky. It was basically going to be building, assembling some of the cars but also focusing on building the batteries, okay? They're postponing this, right? They're not backing off on producing the EVs per se but they're backing off on expansion of it in the meantime, okay? I think Tesla just has such a run ahead of all these companies that they kind of have streamlined production for it. Ford's EV business continues to lose money. This is around $1.3 billion this past quarter in adjusted earnings. So far this year Ford has lost about $3.1 billion on its EV spending and said it's going to lose a total of $4 billion the next year. The Kentucky plant which is a mega-campus that builds the lithium-ion batteries for electric cars is going to be put on hold. Ford's not alone in all of this. General Motors is backing back production of its new slate of electric trucks and SUVs. Tesla CEO Elon Musk spent a large chunk of his last earning calls moaning about interest rates. Customers would probably agree most of the early adopters have adopted and the next tier of possible customers has enough sticker shock to keep their wallets closed. Now I think which would be massive when we've seen this in the UK at least but sales for essentially used EVs has actually jumped 81%. So we might see a lot of the consumers coming into EV on the second-hand market, right? This is not really a big thing for the producers themselves because they're not really getting that that kind of pay right there. It's the second-hand sellers who are. So if we look at it that way you're going to have a longer time frame for these companies that are trying to break into EV who have made classic traditional cars with combustion engines that are essentially going to lag in seeing a lot of purchasing of their newer cars, right? So we might be out a few years from that. Ford reached a tentative agreement with the United Auto Workers last night being the first of the big three U.S. automakers to get a deal. Strike cost them around 1.3 billion and the company pulled back its guidance for 2023 based on that. I also think that I still think that Tesla's going to be selling this kind of data as they go forward for autonomous driving. We're seeing more autonomous vehicles popping up in larger cities and that's going to kind of pad the loss that Tesla might get from decreased new EV sales. So and I still think too that the government is pushing this in a major way. There's obviously still a massive tax credit you can get for buying these EV vehicles and they are dumping in a lot of money at least the White Houses for hydrogen production plants. This is for renewable energy in general not necessarily EV that's still going to be you know you charge the batteries I guess with this kind of stuff and then of course the government is trying to push for taking relays to charge a lot of these vehicles and I think the minute we get to that you're going to start seeing a lot of consumers who I think still find like the kind of curve appeal of EVs it's still there right it's just so expensive in an era where I think that you know things people aren't spending as much for that and we've seen that too with people just missing car payments in general I think that's rough for a lot of folks that are getting there obviously that's not a great sign for the economy itself there's a record number of subprime borrowers behind the auto loan payments but more than 60 days a rate hit 6.11% in September and obviously that's just the base so you can go up pretty rough you know I had friends who were paying 15-20% APR on their vehicle which is pretty nuts and we might see more defaults with that the analysts predict that the auto loan delinquencies will continue to rise in 2024 if you get about 10% before they start to fall high rates of delinquencies indicate that many lower earning workers in particular are struggling amid ongoing high inflation a rough jobs market and a resumption of federal student fees so we have this kind of confluence of like positive and negative events for vehicles in general EV vehicles as well that kind of might indicate a slowing acquisition of new EV vehicles in the market in general right I don't think Tesla gets hit that hard by it they still get hit but you definitely see Ford and Dodge and Jeep and everyone trying to get in to this EV spot they get hit pretty hard alright we can take a look at air B and B they've done okay they've lowered for the fourth quarter guidance sadly but they earn 4.4 billion in the third quarter and this is due to tax breaks and higher than expected revenue they still did well regardless of the tax breaks we'll take a look at that in general Wednesday it said to earn 4.37 billion in the third quarter as it booked a large tax benefit and posted higher than expected earnings revenue rose 18% 3.4 billion and the what's important to note as well is they said that excluding the tax benefit the net income would have been 1.6 billion which is up from 1.2 the year prior so they still did well but these kind of positive earnings were magnified because of the tax break the company saw a 14% increase in bookings and that's really what we're looking at so as more people are interacting with it it's again not just because of the tax break and slightly higher and let's expect the San Francisco company to post revenue of 3.37 billion according to a fact survey Airbnb predicted fourth quarter revenues between 2.13 billion and 2.17 and I still see it and again when I talk about what I see other people doing I have a kind of a large array of different people that I interact with all different socioeconomic levels and just different backgrounds and so that's why I know they're anecdotal but when I say I don't see people much I think I have an okay sample size now obviously I'm still in St. Petersburg, Florida so that's a unique spot in general economically speaking and definitely culturally as well but why am I saying all this because I still see people even though things are tough for a lot of people that I know I'm still seeing them spend money on getting Airbnb's go on trips now maybe the trips are you know you don't spend as much I see a lot of people my age I'm 27 and probably on the other side of that as well you go on these trips your largest cash outflow for this is going to be Airbnb okay finding a place to stay and then you do normal stuff that doesn't cost a lot of money you hike you go look at animals maybe you go to a nice dinner every now and then but I still see Airbnb being very strong and a lot of people my age still spending money to get there pretty frequently folks stay tuned we'll be right back tires every Tuesday and Thursday there's a unique insight that he's developed over decades of trading now on Tuesday November 7 from 4 p.m. to 5 30 p.m. Eastern time Tim Ord will be hosting his own live webinar Tim's analysis has been outperforming market returns by almost double and his gold analysis is on track to be a winner as well Tim will be delving into six secret ratios that every trader should know in this webinar Tim will be covering the Daily TLT VIX the Daily and Weekly Spy VIX the American Association of Individual Investors Bull Bear Ratios and the Trin Panic Levels Tim will break down each ratio how it is calculated its importance and how it can help you make bigger returns it's as simple as this learn the ratios trade by them and see your returns that's it visit the front page of TFNN.com today to sign up now TFNN Educating Investors 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 the 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 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 S&P 500 continue to climb for bold trades on US large cap stocks in either direction trade SPXL SPUU or SPXS directions daily S&P 500 bull and bear leveraged ETFs direction leveraged ETFs an investor should carefully consider a funds investment objective risks charges and expenses before investing a funds perspective should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC this program is brought to you by Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold Vista Gold We're moving up a little bit from what we were pre-open, which is about $105.80, but that's fine. This is a nice crackdown. I don't see us having another fake-out with it. The market loves this. I think the concept that rates might be stabilizing, especially with the Treasury selling less than they had anticipated is positive, and the markets love this. And you ask, Jacob, how could I have known this is when it was going to rip off, when it was going to just pop? Well, I would ask you that. Have you been listening to Tom O'Brien and Tim Ord? Tim Ord is on every Tuesday and Thursday. He's going to be on today, folks. Tim went long on Friday, which was massive. If you did that, you would have made a lot of profit. I want to take a look here. Tim Ord is actually having his own webinar on November 7th. So let's take a look here. And he's going over these key levels that are telling him when he wants to go long, when he wants to go short, and kind of going out of his six secret ratios. This is the Daily TLT VIX, Daily SPY VIX, the Weekly SPX VIX, the Daily VIX over the VIX, American Association of Individual Investors, Bull Bear Ratios, and Trin Panic Levels, which are phenomenal themselves. I've been trying to learn as much as I can when Tim is on, and it's beautiful. Folks, check this out, all right? This is going to be great. This is going to be on November 7th from 4 to 5.30 p.m. Eastern time. And I really recommend you checking him out today on Tom O'Brien's show. So that's what we're looking at. I see this as a positive thing for everything. The environment right now is positive. I think that the market wants things to go up. I still think we have this permable concept. Things are still relatively strong in the U.S. economy. I mean, we're seeing pretty good quarterly growth. Some companies have lowered their expectations for Q4, but not all of them. And I still think we're not in a major burn-down situation right now. If that happens, that's going to be in the next two quarters or three quarters, especially we were talking about with some consumers defaulting on some of their loans. But as it stands now, the companies are doing all right. Speaking of companies that are doing all right, we have Roku. They have blown up themselves. Take a look. Oh, man. It makes your heart hurt when you see that because you wish you were in it. Geez, up 20% right now. Yes. So they've done pretty well. Revenue grew about 20% year over year. Man, look at that. Well, we were kicking subs 60s, and now we're above 70 right now. That is pretty intense. Of course, on the high, on the year today, we had 98. Revenue accounts also beat coming in at 75.8 million for the quarter. Roku said it experienced a rebound in video ads during the period. After the Bell Wednesday, Roku reported actually a net loss of 330 million for the third quarter or 233 per share. The revenue was up 20%, however, year over year, quality over quantity here, largely driven by strong performance in content distribution, in video advertising, along with unit sales of Roku branded TVs. That's the big thing, and I'm actually due to buy a new Roku stick, so maybe I'll get to contribute to this a little bit. Roku branded smart TVs come pre-insolved with Roku interfaces. Users would experience on external plug-in Roku streaming players. Smart TV was first made available best buy earlier this year and drove a device segment revenue increase of 33%, and that is pretty solid for them. I still think they're a big player in kind of that streaming device services. I don't use Roku TV per se. I think Samsung really has the domination in that, excuse me, the dominance in that kind of market, but you keep buying these kind of units just so you can stream Netflix or Apple or whatever, and it's easy. I think, too, they did really well in the beginning, one with their marketing. This is when they really first started, because myself as someone who owns a Roku, and I've had this thing for probably a decade now, and I really need to get a new one, but the point is I don't want to buy anything else. I have no interest in trying out a Fire Stick or Apple TV or whatever when I stick with Roku, and I think there is a lot of brand loyalty in kind of streaming devices, and so I think Roku benefits from that pretty solidly. Taking some more, let me get the ticker up for you. I always eludes me, mainly because I don't trade the company. We're looking at Dash. That's right. It's just Dash. I mean, this is nuts. These are nuts numbers for a lot of these companies here, and I think the market is still looking for somewhere to just put their cash. DoorDash orders surge 24% in the third quarter, helping narrow the delivery app's losses. Powered past sales and earnings expectations in the third quarter, saying a growing mix of stores and faster service is drawing customers in the U.S. and abroad, San Francisco company said that its total orders grew 24% to $543 million, and it still blows my mind that people still use DoorDash. Again, I was saying, I think this is in larger cities. I do see people talking online about it and meme concepts or just complaining about the company itself, but they're never going to not use it, because who doesn't want food just delivered directly to their door? I think the advent of using internet pay has made it easier to kind of separate you and your money. You know, we use DoorDash a lot during basically quarantine, and it can double your order every time. It's unbelievable. Their drivers don't get paid that much. They rely heavily on tips, which is really what drives this kind of increase in price for DoorDash. I mean, you can make something that's $15, end up being $32, all things considered. But people still love it supposedly. I mean, look at this, right? In some of the cafes that I go to, people will be DoorDashing very expensive drinks. I can't even imagine what that cost is, but I guess it has an appeal to certain people. I don't use this company like that, just mainly because I try to watch what I spend. But it seems like a lot of other consumers aren't necessarily concerned with that. The revenue jumped 27% at $2.16 billion, ahead of the $2.09 billion that was expected, and obviously we are trading 16.8% right now. The company said its monthly active users increased at double-digit percentage rates in September, which is insane, and a strong demand from both the U.S. and international markets. Growth and order frequency also accelerated from the second quarter. And it makes you kind of wonder what this economy looks like under the mask, right? Who is out there that is able to spend so much money? I mean, a double-digit increase in monthly active users is insane, right? And maybe that might be one-time users. It would be interesting to know the exact data on that. But you get this conflicting analysis that some people, like, listen, we have Target, okay, and they're saying their consumer market is not spending as much on groceries. They're moving into something like Walmart, right, that offer cheaper groceries. Then you have something like DoorDash, which amplifies the cost of food and eating out, essentially, you know, by almost double. And they're on fire right now. And I wonder, there just must be like these diverging classes in the U.S., and I think young people are the ones who are the participants in this, right? Young people are the ones who are moving away from Target groceries, and young people are also the ones who are spending a ton more money on DoorDash. I think that having a deep kind of, like, I guess, review of this analysis might really kind of elucidate some interesting concepts. Folks say, too, we'll be right back for a very short break. 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 U.S. 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. 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Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. Let's take a look at a Shopify on the break. We have a short segment here, but just these wins are insane. This is up 19% right now on significant volume. Wow. It posted a third quarter revenue in line with Wall Street Estimates on Thursday as its artificial intelligence products drew more merchants to its platform. The e-commerce company said total revenue for the three months of September stood at $1.7 billion compared with analysts of estimates of $1.67 billion. I mean, what else do you need to know about that? They were dominant in kind of the e-commerce spot. And congratulations if you were in this before the run-up. I mean, 19.4% is pretty intense. We were talking a little bit in the den, so I was bringing up some stuff about McDonald's. Take a look. This is just a little bit more of your traditional economics class here. But McDonald's and Chipotle are raising menu prices in California next year as fast food wages rise to $20. Obviously, they're raising menu prices to offset the increase in minimum wage. However, the CEO of McDonald's said that the minimum wage hike could help the burger chain gain market share in California in the long term. They haven't decided how much they're going to hike the prices in California as they raise $20. Chipotle did say they're going to raise it by mid to high single digit percent in the state, but it's not made a final decision, which is a pretty significant increase, obviously. Restaurants have been hiking menu prices for more than two years in response to rising ingredient and labor costs. Price for food away from home is up 6% in September compared to a year ago. According to the U.S. Bureau of Labor Statistics, dinners are already used to paying more for their meals. Some have been eating out less often to mind their budget. McDonald's executive said Monday that consumers making under $45,000 have been visiting less frequently contributing to a dip in the U.S. traffic this quarter. And honestly, I mean, McDonald's is expensive now. Like it's not your cheap, you know, let me pay a buck for a burger or anything. That's another story that will be interesting for kids who are, you know, in business school, you know, they were having that issue with people not wanting to go for them. And it was more of the image, right? Nobody wanted to be unhealthy. And so to try to combat that, they introduced a lot of new burgers and sandwiches that were like eight or nine bucks. I mean, look, we're healthy. Nobody feels that way about your company. McDonald's. Just make yourself look cool yet or something. Folks, thank you so much for joining me today. We have a replay of Basil up next and I'll be with you on Friday as well. Take care.