 The following is a presentation of T F N N. The morning markets kickoff with your host Tommy O'Brien. Good morning everybody. I'm Tommy O'Brien coming to you live from T F N N 906 a.m. Friday morning. We got a jobs Friday, Friday, non farm payroll number coming out for the month of August. A little bit of a miss on the top line number. We'll get into that in a moment. Mark, it's taking it in stride right now. We get the SMPs within about four points of the close yesterday. We'll zoom in on the action overnight. You close on the SMPs about 45 35. You creep higher for most of the overnight session. You come into the jobs number at 8 30 this morning at about 45 42. You spike higher briefly. You give it up and just like that. We're within about a couple of points of that number. Remarkable Nasdaq. Pretty similar story as well. Now tech stocks, the big tech stocks, especially very much impacted by yields. You see some rising yields. Folks, you're gonna see that Nasdaq 100 pull back in a big way. They're growth companies. They're exposed to future yields in a big way. You see the move. Initially a spike higher thinking a jobs miss might give the fed some pause before they start tapering before they start the discussion in terms of higher interest rates. But just like that, the market says, Hold on a second. Maybe we're not adding the jobs that we need to. Nonetheless, pretty tame action when you look at where we are compared to where we were prior to that number within about 20 points in the Nasdaq 100. You're positive across the board right now. You get the Dow up 29 points. You spike till below 35,380. We're up about 100 points from the lows on that spike this morning in the Russell. A little bit of volatility as well. Russell not quite back up to where we were this morning, but still positive by one point crude, remarkable acceleration as well. Yesterday you make it up to $70 and 61 cents. We're right near those highs right now at 70 44 include gold really catching an acceleration as well. Look at that gold pop on that news and it's holding on to the gains. Gold spikes to 1832. And we're sitting at 1828 right now in gold. Silver's up 54 cents. There's an acceleration for you above where we were on the initial spike in silver. The 10 year continuing to trade a little bit lower jumping over to where we are to that puts us on the yield of about 1.33% right now. Excuse me folks 1.33% the yield on that 10 year, quite a reversal. It's gonna be an interesting Friday folks where we head. There's a lot to digest in this number. Let's get right into it. Post smallest gain in seven months amid the Delta spread. It's very unfortunate that we're dealing with the level of cases we're dealing with. We're dealing with the level of hospital hospitalizations we're dealing with folks largely because people who are unvaccinated are the people who are ending up in hospitals clogging up the system. We get deaths approaching 14 to 1500 deaths a day. If you don't think that's hitting the economy folks, you're wrong. Because there's the number in August. Okay 235,000 jobs added in the month of August. And when you get into where they are added. All right, pulling this up. Now I want to make sure I get these numbers because the numbers were pretty much had to do with leisure and hospitality. All right, leisure and hospitality jobs, which had been the primary driver of overall gains. Those are the jobs we have to open back up folks. It's not happening. As long as there's 1500 people dying a day and hospitals are full to the point of we have oxygen shortages forcing Texas oil refineries to stop refining oil because liquid oxygen is being used for the hospitals across the board. Unfortunately, unvaccinated members folks are hurting the economic engine of this country. It's that simple. You're seeing it. You want to talk about economic strength. We're only added 235,000 jobs in the month of August when we got like eight to 10 million to make up and leisure and hospitality is literally flat. Okay, stalled in August as unemployment rate in the industry ticked higher. Did you see that the unemployment rate in leisure and hospitality ticked higher? And I believe it was restaurants even saw a negative in here. Now there's going to be a lot of variants. Hopefully this subsides in the near term in terms of the spike that we see. But nonetheless, an unfortunate number when you look at it on the graph, I mean, there's no way to spin that type of reversal in terms of having close to a million jobs. I think CNBC, excuse me, Bloomberg puts it. Where are we? Excuse me. Come on. There's the chart I wanted. Quite a miss. Things were supposed to really ramp up here coming into August, September, October, I've been saying that every single time the jobs number comes out, folks. I've been saying all this does is put more emphasis on future months, right? So we got 235,000 jobs added in August. While we got a Fed meeting, September 21st and 22nd, I believe. Let me pull that up on the chart. Make sure that's on Wednesday, Tuesday and a Wednesday. Maybe it's 22nd and 23rd, Wednesday and Thursday. We'll pull it up to be exact. But nonetheless, we got a Fed meeting in about three weeks. And then we're going to get September numbers. And if we don't have anything by September and then October, there's only two more months that we can make the argument that we have to get over the Delta hump and we have to get over the summer volatility. Kids are going to go back to school in September. Extra unemployment benefits are done with, I think as of Monday, Labor Day, September 6th. All of those excuses are now gone. So I don't know what happens when we roll around to the month of September non farm payrolls to the month of October, non farm non farm payrolls. If we're still dealing with only a couple hundred thousand jobs added folks, not what you want to see hopefully leisure and hospitality rebounds in a big way. But that's a bad number. And the market's not going to be able to like it for too long. When we're dealing with potential for eight to 10 million jobs, we still got to make up to get to pre pandemic levels. We get job openings, the tune of eight million jobs open. And we can't add more than a couple hundred thousand jobs in the month of August, which is usually a big month that you could put in there. So that's going to put some fire on the fuel when we open this morning in a big way. All right, jumping around to what else we got going on in terms of stocks, we got some earnings this morning. And I'm seeing the headline out here, Apple delays controversial plan to scan iPhones for child exploitation images. We're just going to jump to this one because this is an interesting story. Not what you wanted to see in my opinion in terms of creeping into your photos. Apple was just going to begin searching your phone for, you know, the worst of the worst folks child porn, you know, child exploitation, everybody should be in jail forever if you're dealing with anything to that, right? I think we all agree on that. But when you start talking about a private company, just scanning your phone folks, everything that we do is going to be on our phone. Okay, so where does it stop there? Right? Do they start scanning any type of text you have? And then maybe they report you to authorities if you're talking about anything bad, right? It's a real fine line. When you have a private company, start talking about scanning your electronic devices which are integral in our lives. I mean, that's it's an extension of basically your home at this point, and your personal everything. When I mean, you're going to start having Apple just announced that you can start using your license in a couple states on their phone. Not what you want to see. And kind of good to see Apple that because at some level, folks, you know, the battle is on for our personal privacy is here as we start to do everything we do online. And it's quite a door that drops when you just have a private company that's able to just go into your phone, look for anything that might be illegal, and then report you to the authorities. That is big brother at its finest. And a slippery slope to say the least. Apple shares positive a little bit this morning, let's zoom in on some of these fang stocks on the volatility. We got Apple at about 154 this morning. We got Microsoft shares sitting basically positive by a hair at 30167. Amazon's been quite on quite a tear. We were pushing 3500 yesterday we're trading at 3468. Interesting that you're going to get an open basically flat across the board after some volatility. We may see some fireworks. You may just see things trail off folks as we go into the long weekend as I said on the update folks, make a conscious decision, right? I love having fun. I love having a party. Love having a few cocktails, beers, whatever it is. Be safe. Take an Uber out there. We own Uber in my newsletter. So take an Uber please Uber up 12 cents today, but you got to plan for it folks all right in that moment. And I say it not to harp on it drunk driving. It is tragedy after tragedy. It's unfortunate. Take an Uber, you know, protect the people you love. Have some fun out there. We'll be right back. So stay tuned golden ratios to shape to everything in our world represented in the Fibonacci sequence. These special numbers to find the patterns that make up our universe. 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We're going to start it off with DocuSign with their numbers last night, strong numbers for DocuSign. You spike lower initially, you trade to a higher 305 pre market, you're sitting at 29888, you're positive by about four bucks. Oh, no, we're not open. Excuse me. I'm used to 918. We got 12 minutes ago. Okay, that's why we're not quite open yet. Taking a look at DocuSign, though, strong company folks in a big way as we all know, changing the way we do business, there is no reason fast market had a great segment yesterday. They were talking about whether it's DocuSign compared to a couple other companies saying DocuSign, comparing it to maybe the zooms of the world. And I thought it was a great comparison, the conversation they were having in that zoom pulling back pretty sharply. Now, we have some zoom in my newsletter after this pullback. All right, you've risen a bit to 295 from that low, but man, they missed in a big way on Monday. You trade down about 16 to 17%. DocuSign, though, not quite the same scenario as in, yes, zoom might pull back a bit when we come out of the pandemic. You're not going to be spent as much time online. Thank goodness, you're going to be seeing people in person. DocuSign, no reason to be signing papers ever again in person, folks. I mean, there's no reason. Everything can be done online. It's simpler. You don't have to meet people in these places. So you may not see the pullback and you're seeing it this morning as they were positive by $4 versus zoom trading down 17%. DocuSign probably going to hold on to a lot of those gains and they might not see the pullback that you could see in a company like zoom as we reopen. Now, with that said, the moves that we've had, we just traded from 180 to 295 in the last four months. Let's add a 50 to 60% pop over the last four months to put this on a daily real quick to zoom in on that acceleration we got that last earnings take it from 200. It doesn't stop basically up to 314 or back a bit. If you want to just keep in context when you get these types of big moves, the pullback can be a little scary. We're talking about a 382, which could potentially bring it down to 270. Interesting that matches right up to where we were back in July 15th as well. All right, we got nine and a half minutes to the opening bell and we got markets turning a little bit negative here. We get the Nasdaq 100 down 10 S&Ps down one down 17 points jumping down the line for other companies. So the China stocks got a couple articles out here in terms of China stocks. First, we're going to look at this headline. China tech stocks drop as Alibaba's donation worries investors. Okay, so that's one headline out there. We're going to take a look at Alibaba. They're talking about $15 billion that they will be spending in terms of a pledge to Beijing's quote unquote common prosperity vision would hit profits in the coming years. You better believe it, folks. They're getting they're getting leaned on for lack of a better term. They're getting leaned on very hard by the politicians in China who run the show to dole out some of the billions of dollars that they are taken out of that market. I mean, I think what was it? Was it? I think some one of these is going straight to farmers. I forget whether it was Alibaba or no, here we go. Alibaba joins a growing number of peers and promising to give back after accumulating vast wealth during a decade long mobile internet boom. Pinduoduo pledged its next $1.5 billion in profit to farmers welfare. I chuckle because you can see the politics playing, folks. All right, you got G running that country. You have the Chinese that are living in cities that are educated that are working for tech companies flourishing dramatically. You have the millions, if not billions of Chinese that aren't benefiting that are sitting on the sidelines. Chairman G making sure that they are going to be taking care of in a big way. So they are getting as my dad says nice word leaned on pretty heavily to dole out those profits. And man, that you better believe that's going to weigh on these companies and the markets are dropping as we're talking, folks. Alibaba just got to pop to 180. We're trading at 169.05 this morning. Now, Diddy getting a pop. Diddy's getting a pop because if you own Diddy, you might be in the business with the country of China, as they may be taking a stake. That's what you like to see in terms of potentially taking a stake. Diddy rallying pre-market following a Bloomberg report that Beijing was considering taking a stake in the ride-hailing company and possibly bringing it under state control. China loves state companies in a big way. And that would make sense. I mean, you look at some of these companies and if you're running a dictatorship, which essentially is what China is and you want to control all the data, wouldn't you want to control the one company that's literally providing travel services to every single Chinese person out there? And I'm exaggerating, it's not everybody, right? But you see the type of things at play over in China in a big way. So, yeah, Diddy getting a pop. You know, there's potentials all over the place in these equities, folks, for pops. When you trade from, you know, what were we just trading at on August 23rd, we were at 7.23 this morning, we're going to open almost $2 higher, right? That's almost a 30% pop in this equity. But in the same time, you have Alibaba that just got a bid from 152 to 178 this morning, you're going to open down $10 for Alibaba still trading at 168 this morning as in $10 off of the high that it had just yesterday on that stock. All right, should be interesting to see where we go on the open. We got about six minutes. Nasdaq 100 creeping on the upper boundary line of that channel line. I've been talking about it for the last four or five days, we're trading 15,572. S&P kind of in the middle, depending where you draw that channel line, though, maybe bumping up against a smaller channel line it's been in since about May 14th. Dow, on the other hand, bumping on the bottom line of that channel line it's been in in Russell. Just kind of coming up to the top of the consolidation, Russell within reach for the first time in a while of potentially all time highs maybe not going to be happening today if all the markets are in the red, but the Russell within only about 65 to 70 points of the all time highs and you see creeping up to the top of that consolidation. Let's check back in on gold. Gold right now coming right up to that 618 going to be an interesting area for gold critical area. When you look we're coming into an area of resistance July 15th that we pulled back from you're coming into the area of resistance from late July in early August that gold really fell out of bed from also correlates to the 618 of the full collapse we had and you back this up a little bit. What's so interesting is that 1677 what was it 167790 just right down to these same lows you had from April excuse me March also from the low March and early in that level. But as you see gold pop it up against that level if it gets through about these highs of 1830 or so maybe 1920 the next stop for gold as you see kind of a one way trip in both directions quite a consolidation if that's the trading range folks from 1675 up to 1920 in gold right now. All right continuing down the line Netflix man how about Netflix right talk about a run higher. So yesterday Netflix gets to is that yesterday. Yes it was to 598 76 they said Netflix positive 14 out of 15 sessions hitting an all time high yesterday. That's a run folks look at that run we were just trading August 12th at 507 we made it up to 598 last night you put this thing on a little bit longer time frame three year weekly. That's a decisive break above this consolidation even if you pull back to kind of test this area you're talking about a high potentially in the 570 area you could pull back to which would be the top of that consolidation area. Netflix trading at 587 will jump to Disney. Another stockman trading a little bit higher and nothing like it nothing like Netflix the run it has gotten though putting it on a 15 minute Disney trades to 185 30 yesterday right now this morning we're basically flat on Disney shares and let's jump around to some of the fang stocks as we come into the opening bell we got three and a half minutes until they ring that bell. We got Amazon shares right now down a bit NASDAQ 100 down 25 points Microsoft shares down a bit as well. We're talking about pennies actually flat 301 15 down from the highs we had pre-market though Apple quite a juggernaut Apple has been positive Apple of course Apple the only thanks to Apple in the positive interesting you have Apple in the positive and we get the NASDAQ 100 in the negative right now Apple up about 35 cents coming into the open and we'll finish off with Google Google shares Google slightly we got a bid ask spread above and below of the close yesterday. Come on back folks we'll be back in three minutes for the opening bell. We'll go through some of the other equities that are moving on this Friday we'll be right back. Are you having fun trading the markets but having trouble finding like minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and joined the Tiger's Den Trading Room only at tfnn.com. 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thousand six hundred volatility we'll see where we go let's check in on the VIX this morning sixteen eighteen not bad on the VIX and we got Bitcoin look at Bitcoin rocking putting Bitcoin back on the daily we're coming up to the six one eight folks the six one eight of Bitcoin fifty one thousand seven eleven that's from the full run lower we had from sixty five thousand dollars and change the day Coinbase goes public April fourteenth remarkable that was almost five months ago folks the Coinbase goes public Coinbase trade and hire with Bitcoin today up about a percent on that number we jump over to Ethereum theorems had quite a run as well look at Ethereum right you got Bitcoin back to a six one eight of the full collapse right but man you got Ethereum like I even need to do this basically back to almost a full reclaim of the entire losses it had keep your eye on that big Ethereum obviously stronger than Bitcoin when it's gotten back to almost all-time highs you're within what is that you're within about four hundred dollars of all-time highs versus Bitcoin you're talking about still what are we fifteen dollars fifteen thousand dollars away from all-time highs almost fifty one thousand up to sixty five fourteen thousand five hundred away from those all-time highs you know where those cryptos go in the future folks that's a tough one to figure out but if you're in that sector it always is nice to see which are the strongest ones and which are the weakest ones right Bitcoin showing a lot of strength trading from thirty thousand to fifty one but Ethereum has basically almost gotten it all back so far and you only got Bitcoin trading a fifty one thousand which is four fourteen fifteen thousand still that's a solid twenty percent off the highs that we were at on Coinbase now what you might say in this is that when they push Coinbase public the the biggest headline out there there it is April fourteenth was the price of Bitcoin you know Ethereum's a big one as well but they could not handle Bitcoin collapsing they had to keep Bitcoin up why not push it to an all-time high the day you go public right you're a fool if you don't think that people were buying Bitcoin interested in the Coinbase IPO I mean this should be a case that they teach in all business schools folks about trading and about IPOs and about pumping up markets because Bitcoin pushes sixty five thousand Coinbase pushes four twenty nine on the open and with that we're a two eight basically in just over a month from when they go public you buy that stock on margin you buy it on margin almost anywhere on day one OK you take it at three twenty five and you're losing the substantial amount of your money basically in the span of a month to five weeks on that equity all right jumping around what else we got going on we talked about Docu sign their numbers they beat by seven cents adjusted earnings adjusted quarterly earnings of forty seven cents a share revenue topped forecast as well raised its full year guidance for total revenue subscription revenue and billings let's see how they're doing on the open this morning they were higher pre-market you get Docu sign right now holding on to those gains up about two point three five percent let's check in on zoom always keep a track of zoom we got some new zoom in my newsletter down from three fifty we're trading at two ninety four basically slightly red with the market this morning also out this morning is Broadcom they report numbers six ninety six a share eight cents above estimates revenue slightly above as well issued an upbeat current quarter outlook as it continues to see strong demand in the five G mobile market I would say so that markets going nowhere there's Broadcom and it's accelerating on the open were up two point six percent you did spike lower initially on those numbers before the conference call began last night Fubu TV Fubu TV Fubu TV I always see them on my Roku this is an interesting one how are they going to be getting into mobile wagering might start being able to wager from from my TV looks to be the case the sports programming streaming services shares jumped four point five percent now this is pretty cool right you're going to be streaming sports on Fubu TV and they're going to incorporate mobile wagering folks keep your stops in place there's nothing wrong with using a little bit of money for entertainment I always say you know you go to the casino or something like that right you bring a hundred dollars for the night that's kind of your entertainment fund you're you're you're you're willing to lose that hundred dollars because that's what you might spend some night anyway going out to a show going out to a movie theater whatever it is if it's entertainment funds that's one thing if you're betting on sports while you're watching it folks that is for ninety nine point nine percent of people a losing game in the long run all right it is not a zero some game the market the market makers in that industry the bookmakers take out too much of a big for most people and I'm being kind by saying most people to ever beat the big you know you can be better than the next person but the big is so great in the sports gambling business at ten percent that even if you have an edge over some gamblers you can't make up that ten percent point being it's a losing game in the long run doesn't mean you can't have a little fun with it one of the reasons why so to jump and keep going we'll get back to the market in a second that I think it's ridiculous that online poker is not legal is because I can go down to the hard rock in Tampa and basically lose my entire house if I wanted to okay and the minimum game that you can play at most casinos is pretty substantial you're buying it with a hundred dollars usually maybe you're buying it with two hundred dollars that's like one of the cheapest poker games they have out there is about a fifty to one hundred dollar buying at least you should really probably buying in with about two hundred dollars to be sitting with a proper chip stack point being online poker folks you can play a poker game for two dollars and have fun you can play a poker game for five dollars and have fun you can bet on a sports game if you want to embed five dollars on your team and have some fun which I think is so cool about it it's unfortunate then on that that's not happening in many states right now I'll end my digress all right jumping down we'll jump to cannabis real quick Aurora they got an upgrade to hold from underperform not exactly the biggest upgrade out there when it's a hold with at Jeffery's number of factors including valuation right valuation I emphasize that because man these pot stocks have been pummeled lately you put up the three-year weekly I don't know if we'll ever see these eyes again you got to go back to that almost five year to see a couple of runs this thing had or has been chopping around at eight bucks we've dropped we've jumped to 20 on a couple occasions but valuation when basically you're you're trading for pennies compared to where you where you were prior let's just even take a look at you know cannon canopy you know same type of deal you may see some value here folks only because they've gotten pummeled so much but man these stocks haven't found it yet remarkable when you think that we are back to just for some context here you come into October and November in terms of you get Democrats who are supposed to be maybe a little bit more open to legalization of cannabis you get the efficacy of the vaccines I never would have thought you would have seen these cannabis stocks folks back to prior to last November in terms of the landscape supposedly changing not quite the case the market getting a little bit too far ahead of some of these cannabis stocks you know you got canopy up one point one five percent today and you know I trade these folks I have traded them and they're great equities and I think they have a future the problem is either you got to have a very long term perspective right now and I'm talking two to three years or something because they're not behaving like the future is bright anytime soon in the next six to twelve months or you just get a stop in there and you're not a verse to taking a stop if you get traded out in terms of putting it on a daily you can see there's been many times that this things have caught a bid you know even backing up to May twenty first you rise from a price about twenty two within a few days you're trading at twenty six you're back up to twenty six and change in June and just like that worth seventeen just like that all right folks we got a little negative action we get the NASDAQ ticking across the top of its channel line we're down twenty six points in the NASDAQ one hundred the Dow down even hundred points S&Ps down and even ten stay tuned folks we'll be right back in three minutes we'll check out what else we got going on 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email us at tiger at tfnn.com that's seven two seven three two nine eighty three twenty two call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at tfnn.com for only thirty seven dollars and fifty cents sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer try at risk free today with our 30 day money 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the S&Ps negative by eight NASDAQ catching a little bit of a bid off that spike we got to a low this morning on the open we open right at around we're about 12 minutes into the trading session we open on the NASDAQ 115,555 up a bit from that price level still negative by about nine points for the NASDAQ 100 as they say as our man Basel Chapman coming up next says the day is young folks jumping over to some analysis of that jobs number this morning I have Ben Kasselman he's a reporter out there business for the times some interesting stats when you look at in terms of where we are in terms of wage growth remains extremely strong in leisure and hospitality specifically though growth rate has slowed a bit from the peak when you look where we are to pull this up right change in average hourly earnings the three month average leisure and hospitality spike in highs be interesting to see how it plays out in terms of there's some trends in these numbers here that could point to inflationary which is kind of why this market's jumping around back and forth despite the slowdown in hireings earnings growth remains strong average hourly earnings rose 0.6% in August and are up 4.3% from a year ago for non-supervisory workers those numbers are 0.5% in August and 4.8% quite the number and that's changed from prior month there you're seeing decent numbers when you're talking about month to month on there now couple others here we are yeah there's the work from home tendencies in there yeah retail jobs was a tough one right so here we're going to with monthly change in retail jobs seasonally adjusted in millions actually in the negative there and then you get to monthly change in hotel and accommodation jobs seasonally adjusted almost in the rev retail jobs also fell hot hotel accommodations barely rose clear slowdown in hiring in industries that require face-to-face interaction with the public folks I was talking about it yesterday with Teddy Kegstad when he came on we were talking about whether it's just certain restrictions being in place folks in Florida we hear it all the time everything's open I tell you as a person with a family and with kids it ain't going to matter if things are open if we're seeing cases to 20 to 30,000 cases a day with hospitals full to the point of literally turning people away that need hair it's just not going to happen in a big way and you're seeing it in these numbers in a big way now getting into the numbers in terms of where we are versus the pre-pandemic levels now I don't know if we're going to get back there anytime soon folks there's a lot of people that might have been working prior to COVID and maybe their life changed in some capacity and they're not quite going to come back but we're 5 million jobs under where we were prior to the pandemic okay and if you take in the trend in terms of where we would be with the growth that you would normally hit there you see the trend line I'll blow it up for you okay we were sitting at about 152 million jobs I think that number looks to there you know I can't be exact but if we're talking about this is the distance of 10 million jobs you add here we're talking about what's that maybe 156 157 or something we got about 8 to 10 million jobs to get back to where we were if we were just achieving the same level of growth I mean we're going to be pushing two years past this drop off in the next five or six months so you can't just get back to the employment level that you saw two years ago we were supposed to be achieving growth over those two years folks that line is supposed to be extending to get back there and we're only adding 235,000 jobs added in the month of August now given you the other side of that as well though is that we had an upward revision for the month of July a million plus jobs in July if we get a hold of this delta variant if the vaccinations keep rising okay and we get a hold of it you could see some encouraging data as in maybe the market liking the fact that things really were firing on all cylinders in July we got a pause in August with the delta variant hopefully that begins to subside or plateau but the market's battling right now and we're seeing it interesting that we're sitting so close to where we were flat especially considering the volatility we saw I mean you're talking about 120 points from high to low just this morning and we're sitting within seven points of flat right now in the NASDAQ 100 all right continue to jump around to what else we got going on micro strategy last one yeah that's a bitcoin stock so they are obviously with some volatility on their numbers as well all right what else jumping to a story that caught my eye on Bloomberg talking about states this is an interesting one when you talk about I mean we should be aware folks that stimulus is driving a lot of the action out there and there are going to be some winners and losers out here with the amount of money that stimulus is pushing out in a big way and this ties into everything you talk about infrastructure right you want to talk about infrastructure how about the infrastructure in New York going on right now you're talking about let alone the loss of life which is always tragic all right we're talking about 41 people in a rainstorm in what could be argued one of the wealthiest cities not definitely one of the wealthiest if not the wealthiest city in the whole world folks in terms of the money available that runs through New York City and New York 41 people killed locally and you look at the numbers in terms of what they're dealing with I think they got a price tag of 50 yeah I just parting hit on New York and the Northeast likely pushed the storms overall economic losses and damages into the 50 to 60 billion range that's one storm ripping across and I believe that's going to incorporate though the damage that it did in the south you can see that money it's going to be spent now this talks about the state so New Jersey's billing out cash strap renters all right Florida's writing thousand dollar checks to police officers all these states kind of figure it out how they're going to spend the stimulus they've gotten they're among states nationwide that have been figuring out how to spend nearly 200 billion in direct aid provided by Biden's American rescue plan an unprecedented handout intended to ensure that the US economic recovery wouldn't be derailed by the type of fiscal crisis that followed the last recession and they get in here how every state's doing things differently because every state is different folks in terms of the revenue that maybe that state has achieved or not achieved during the pandemic in terms of where you get in so here's a quick chart and this is alphabetized not put in terms of where they are physically in the state in terms of the green is how much they have allocated or spent already of their funds the red is unallocated you see a state like Florida we've spent 5.35 billion of the 8.82 that we are set to get California and Colorado spending most of their money you have states like Kansas and Iowa at about 16% you have some states not spending any of it yet Rhode Island South Carolina South Dakota North Carolina North Dakota as well now one reason is that that these numbers are differing so much is that certain states tax collections have rebounded or not rebounded depending on that state's basically makeup of how they collect taxes in terms of state like Florida that achieves a lot of taxes due to tourism we're in the red in terms of where we are states like tax revenue percentage change from April 2020 to March 2021 versus April 2019 versus March 2020 as in basically tell me the comp of how much tax revenue states took in from April of 2020 to March of 2021 versus what they took in the year prior I mean look at there's a lot of states that took in more money right that that actually increased the amount of tax revenue they had and on the flip side of that though there are some states really suffer in Florida one of them down 8.2% because of a lot of tourism dollars we get no state income tax folks so you're seeing that in a big way in terms of getting hit Texas down 10% North Dakota down 14 Hawaii down 16 and Alaska down 46% not sure why that Alaska one is so drastic in a big way but then they get into how they're spending them as well so how four different states are spending relief cash okay you get into in terms of infrastructure climate change they talk about Florida putting a lot of it into infrastructure four billion dollars they're putting and I'll get into this a little bit more Florida one of the states most susceptible to global warnings spending over a billion dollars on environmental projects we need it folks stay tuned I'll be right back to finish up the show sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent 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it's too easy to make that decision don't make that mistake over the weekend as you go out there and have some fun with the people you love all right getting back into these numbers just interesting stuff state finances quickly snap back and this kind of points to originally that money to the states to make sure things recoil as quickly as possible some of the states rebounded quicker than we thought as we know you get into the numbers now Florida you look at the state taxes not quite rebounding yet states like Idaho we're back in no time as well now you the states have until twenty twenty six yeah so some of the states that rebounded right away and didn't need that money have this opportunity to really spend that in the best way that they think possible so you have in Florida you have students to read below grade level they're gonna get free books delivered to their homes as part of that program out there you get into yeah exactly so New Jersey focused its first round of eight around tackling immediate needs about eight hundred sixty five million going to social programs providing money to renters over thirteen billion has been set aside by states for such social related programings it's a huge part of New Jersey and you get into New Jersey numbers right we're talking about huge drop off when you look at where they were initially they needed that state funding but then you look at where you go from here we talked about the infrastructure deal some of the spending reflect local concerns as we said Florida they're gonna spend a billion dollars on its environmental projects like local government grants for resiliency projects and using one hundred million for high resolution mapping of the coastal sea floor that's an important one folks okay we are being in Florida I tell you it's a big one in terms of not waiting until it's too late to address those concerns we see what happens in terms of the concerns when they are not addressed and we're dealing with 50 to 60 billion dollars in problems right now from some of just one storm ripping across that northeast alright folks stay tuned we got our man Basil Chapman he's coming up live next we got markets in red right now we get the Nasdaq negative by just six points we get the S&P's negative by twelve the Dow leading the way down down a hundred and fifty five points at thirty five thousand two sixty eight we got gold rocking up fifteen bucks folks we got Basil Chapman he's coming up live right now with the traders Tiger technicians our folks stay tuned we'll be right back