 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 company live from TFNN 8 30 a.m. Thursday morning as we speak we're going to get weekly jobless claims right now we'll see that number jumping up in a moment right now you get the markets jump in a positive territory S&P's up 13 points trading at 27 89 Nasdaq 81 points trading at 86 75 we've got the dial up 103 points right now trading 23,494 all of those markets pulling back yesterday this morning in positive territory and we're going to see a reaction I imagine as we get the weekly jobless claims number coming out as we speak you see the spike even since we've been on the air you're talking about 12 points we were positive by about five points in the S&P we've popped a bit on those numbers and let's see what we have going on here we go 5.245 million weekly jobless claims expectation was for about five million so right in line with that number that makes the four week total around 21 million jobs have been lost last week it was closer to nine or ten the three week total last week about 16 million weekly jobless claims 5.255.245 million they were looking for about five market really struggles to figure these things out in terms of how do you know it's going to be five versus six we've seen some misses because we've never seen anything like this in terms of the analysis but the highs overnight in the S&P about 240 a.m eastern time that high 2806 we're only about 10 to 15 points away from that level right now 2792 in the S&P's let's jump over to the other charts we'll start things off with the dial you see the pop in the dial about 100 points we just gained on that weekly jobless claims number the high overnight in the Dow 23,647 NASDAQ 186 right up near the highs that we had overnight 8692 we covered the S&P 2790 was above 2800 at one point you back things up to where we finish yesterday you're looking at about 6 p.m eastern time 2759 there's your crude oil chart crude quite a day yesterday getting a low of 19 dollars and 23 cents we're about a dollar higher above that level $20 and 28 cents gold contract pulling back a little bit on the weekly jobless claims number gold trading at 1760 was up at about 1767 a few minutes ago and the euro US dollar under 109 euro trading at 10891 in terms of what else we have happening in the market jumping through equities and of course we're going to see these headlines on the weekly jobless claims number Morgan Stanley out with their earnings this morning a dollar or one to share below the estimate of a buck 14 revenue below estimates the CEO said the company navigated the quarter well in the face of the COVID-19 pandemic into the balance sheet and liquidity remains strong tough week for bank earnings this week you had Goldman Sachs holding up relatively well yesterday Morgan Stanley with the market up approaching 1% Morgan Stanley down about 75 cents maybe 2% almost on that as I mentioned Goldman Sachs quite a rebound yesterday to finish positive for the day after their earnings this morning up about a half a half a dollar bank of America not faring as well quite a decline yesterday gonna pop a bit this morning city also declining on their earnings yesterday JP Morgan tough two-day stretch gonna pop a little bit at the open with the market but you went from about 100 100 on Tuesday morning when they had announced their earnings finishing yesterday in the 90 90 79 for JP Morgan other stocks out there black rock out with their earnings got a lot of earnings season right as if we don't have enough going on so yeah 22 million is the total I said maybe 20 21 22 million total jobs for the four weeks combined on that weekly jobless claims number black rock out with their earnings 660 a share quite a number beating the estimate of 636 revenue above forecast black rock saw 35 billion in net inflows despite what it calls challenging times 35 billion in net inflows in 90 days profit fell 23% from the same quarter a year ago BLK is their symbol so they're actually in decline a bit from 443 looks like 440 but a little bit of volatility we will see where the market really is when that market opens other stocks out there Abbott out with their earnings I was checking out that article earlier Abbott posting a 16% drop in profit and suspends 2020 forecast not sure how you don't suspend the 2020 forecast even if you're doing well company like Amazon or Walmart forecasting what you're going to do for the entire year very difficult when there's so much up in the air Abbott posted 16% drop in quarterly profits company suspended the full year forecast Abbott has so far launched three coronavirus tests in the US including an on-site diagnostic kit that can deliver results within minutes and heralded as a game changer by President Trump jumping over to Abbott chairs believe it's ABBT now let's see Abbott where are we ABT yeah so there's some volatility made it all the way up to 95 from about 91 yesterday I mean look at this chart right this is a five minute but put this on some context check out that rebound how about a 5% pop from $60 we're back up to right where we were before the coronavirus collapse continuing down the line bank earnings bank New York Mellon beating estimates by 17 cents a share quarterly earnings of a buck 05 revenue topping estimates as well profits were up compared to a year ago as market volatility boosted its free revenue the bank sharply boosted provisions for credit losses to 169 million compared to 7 million a year ago I was talking to friends yesterday talking about just the amount of billions some of the bigger banks were putting aside yesterday in their loss provisions but be as in banking New York Mellon nope not PL Bud Light BK 34 dollars going to open a bit higher checking out the 15 minute there's your volatility made as high as 3650 the best strong earnings for a bank over the last 90 days square Raymond James downgrading the moment payment company stock to underperform from market perform so they get a downgrade saying there's a disconnect between real outperformance of the stock and the underlying fundamentals of the business sq yeah a little bit lower right from 61 38 going to open almost two dollars loader 59 55 Costco boosted it by 7.7 percent to 70 cents per share bucking the general trend in corporate America since the virus outbreak while Costco not exactly dealing with the the same woes as corporate America in terms of having people stocked in the stores buying everything they can stock up on warehouse retailers said it's been benefiting from Americans stocking up on household supplies Costco I happen to have a membership to Sam's it's Walmart but those big box retailers definitely bargains that you can get in there and putting this in some context here you're right back up you're going to open about 313 the high before all of this started 25 below 280 a couple of times on the pullbacks bedbath and beyond earned an adjusted 38 cents a share for the fourth quarter they beat the estimate of 20 revenue exceeding forecast however same store sales fell self fell 5.6 percent for the quarter just before the pandemic shut down large parts of the economy the company said the outbreak would negatively impact the results for the rest of the year I imagine so folks bedbath and beyond I'm sure you can order items off of their website but if you're ordering items I imagine you're doing it potentially at Walmart target Amazon right 444 you're going to open at 515 on those numbers so trending higher but they are a company that needs physical traffic in front of their stores whether it's even outdoor malls that they exist in and what not tough one there for bedbath and beyond we're coming back from the program we have housing stars if you're in the cd market and looking for a secure investment the tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in st. Petersburg Florida the tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30 000 to 75 000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year cd in the country as of February 20th is 3.1% a $50 000 investment at a normal four-year cd rate of 3.1% would give you income of 1550 per year or 6200 over the four-year period that same $50 000 investment in the tiger first mortgage program would give you 3500 per year or 14 000 over the four years what should you prefer 6200 or 14 000 of interest on your investment if you would like more information about the tiger first mortgage program you can call me at 877-518-9190 that's 877-518-9190 the gold market has taken off top side in a large way in 2020 if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report took profits in four of its equities in the gold portfolio in the first week of january for a combined profit of 99.2 with two positions left in the portfolio that have a profit of 67.5 percent as of january 7th the gold report is a comprehensive look at the metals sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every monday morning i published a gold report with coverage of gold silver bonds the xau hui gdx as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today are china a shares hot or not if you trade china a shares now may be time to take a closer look trade chau or chad directions daily csi 300 china a share bull and bear etf's china a shares in either direction visit direction investments dot com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus 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 four side fund services LLC don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv for the latest market information welcome back folks we have s and p's positive by 16 points dow positive by 96 and azdec positive by 81 jumping around to some of the fang stocks this morning and quite a recent run for amazon and it looks like we could open again at all-time highs for amazon close to 2307 you're trading up about 33 dollars right now that's almost 1.5 percent for amazon 2340 not that long ago folks we were at 2000 so you've traded up 340 dollars in the price of amazon as that's a what is that uh yeah 10 more than 10 percent for that equity just since we were trading at basically on monday morning jumping around some of the other fang stocks facebook 177 apple shares quite a run for the nasdaq apple shares looking open three dollars higher as well was up at 289 microsoft shares 17469 and we'll finish it out with our google shares 1272 google you look at google compared to some of these other stocks i was looking at this yesterday i mean not quite the strength that you'd want to see in terms of still almost 300 dollars off of where we were trading at prior to this drop you put things in context microsoft shares you're only 19 dollars that's 10 percent away from the high apple shares a little bit more than that i believe microsoft's pretty strong 284 so you're about and you're going to open at 287 so you're talking about 40 dollars and a 327 dollar stock uh but google shares you just see the difference 1262 and we were all the way up at 1532 as opposed to amazon quite the rebound and quite the timing from 1626 to 2336 that's 700 dollars we're up off of the low 813 dollars would be 50 percent on your money and we're about to be 700 dollars off the low not bad making almost 50 percent on your money in amazon shares since i believe march 23rd march 3rd march 16th on amazon was the low in terms of what else we have going on breaking down some of those initially weekly jobless claims 5.2 405 billion uh billion million 22 million is the number total we're at now five million was the expected though the most recent total for the week ended April 11th representative dropped from the previous two weeks it still showed that the damage to the u.s labor market remains profound um you know there is some what we're dealing with on a graphical representation weekly jobless claim numbers blowing a past every single record in the span of four weeks we hit 22 million um never before has anything like this ever happened in terms of how quick it's happening hopefully you get that v rebound because when you think about it normally the record before for weekly jobless claims was somewhere around 670 000 right so if we're talking about 22 million claimed even if we were setting record after record for every week in terms of 660 7 000 that would mean about every four weeks say you're dropping about 2.8 million jobs give or take every month so to reach 22 million when you're only dropping even call it 3 million a month you're talking about it would take nine months to hit the type of 22 million number previously in any other pullback before it would take nine months of what we just did in a month right nine times um that number even possible so just uh staggering numbers for sure we jumped we covered morgan stanley's numbers to get into the exacts for them dollar i want to share revenue almost 10 billion 9.45 billion wealth management was 4.04 billion trading equities trading for equities 2.42 billion fixed income 2.2 uh the bank said and released their earnings dropped 30 percent to 1.7 billion which is represented as that dollar i want to share compared with 114 company wide revenue 9.49 versus 9.73 jumping back to those shares as well as well morgan stanley you see the action we had from 57 to 27 to 3840 we're going to be a little bit lower this morning on morgan stanley at 37 47 other stories out here i found a little interesting how about coffee prices i'm drinking plenty of coffee at home i got my cup right here why not there we go uh coffee prices rally as coronavirus lockdown sees drinkers caffeinate at home i'm actually surprised when i saw the headline right because you think okay even if they're caffeinating at home um what happens all the times that they were usually out and about maybe purchasing coffee whether it's from starbucks um or the what not but coffee prices have rallied over the last month as global lockdowns fueled panic buying by those stuck at home i do have about three or four bags of coffee right now coffee you find a bargain on coffee coffee is not going bad if you use it stock up on those bogos uh benchmark new york arabica coffee futures for may delivery gained 15 over the last month and our trading at about a buck 20 per pound thursday analysts told cmbt consumer demand for coffee has not faltered despite the epidemic that would make sense right so here we go graphically us coffee futures year to date and you see where we went in terms of down to a low in february third of about a dollar and we made it all the way up march 25th to a dollar 30 we're hanging 20 uh and really this is where things started to escalate right beginning of february even now we're at a buck 05 as of february 20th as things started started to come a little bit real interesting 10-year treasury yield it's 0.6 percent ahead of that jobless claims i was checking this out earlier so there's your rundown of the yields now we've got some movement but nothing too crazy in terms of pulling up the 10-year z n and if we got some action on that jobless claims number not really that number coming out at 8 30 we were trading at about 139 10 we're back at about 139 oh nine so these yields 10-year yield 0.6 13 percent the 30 year 1.2 3 percent remarkable numbers right and we'll see how that plays out throughout the day for those as well in terms of speculation and what's going on you have black rock ceo larry fink said thursday the us needs to increase its testing capacity for coronavirus before its economy can restart uh we're going to still see elements of the disease increasing in other parts of the world and until we have adequate adequate testing rapid testing it's very hard to see how we're going to reboot in the next 30 days it'd be interesting to see as we try and pull this economy back out whether it's in the next 30 days whether it's maybe june 1st you make it through april you make it through may especially in florida florida different models showing whether it's a peak coming up in the next seven days to a peak coming up in the next almost 21 days to early may something to that degree and how we come back but speculation abounds that is for sure checking out some other stocks who have had some action recently always pulling up disney to interested to see what they're doing they had a pop when they came out and told the world that they had 50 million subscribers now on disney plus already you make it up to 109 within the span of two days we were back under a hundred uh and now we're settling almost in the middle of that range but you're up a bit with the market on disney ride sharing companies volatility there as well pulling back uber from 29 to about 2750 longer term especially a company like uber you get into lift you have a little bit more of volatility with the fact that lift prior to this had said that they were not going to be cash flow positive until the end of 2021 uber prior to this had said they will be cash flow positive now they updated that statement towards the end of 2020 their CEO came out somewhere another so weekly somewhere around the middle of march and told analysts that uber is going to have potentially six billion dollars with a two billion dollar line of revolving credit and up to if things really got bad they really if they lost 80 percent of their business they'd have four billion dollars cash over the next year um quite a rebound long term we're going to be in self-driving self-flying uber meslas and uh we'll pull up Tesla when we come back stay tuned folks we'll be right back to finish up the program i'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets i'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the s and p 500 for the last 12 six and three months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and i'll teach you the exact set of tools that i use that is transforming into one of the best at what i do sign up for mastering probability today by clicking on the newsletter tab on the homepage of tf and n dot com and get immediate access to workshops where i take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today if you haven't checked out the newsletters page of tf and n dot com what are you waiting for all of the tf and n newsletters are informative up to date affordable and a must have for every trader looking to gain a competitive informational edge in today's markets tf and n newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks bonds metals commodities and tech there's a newsletter to fit your needs exclusively from tf and n stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to tf and n dot com and click the newsletters button near the top of the page tf and n dot com educating investors you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox nika our hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionic oil based vitamins minerals fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids natures preferred delivery system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right page they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by nico and page of living a primal lifestyle buy it today for just $89 click on the primal edge banner on the front page of tf and n dot com don't forget you can listen to tf and n live on your mobile device 24 hours per day go to tf and n dot com then hit watch tiger tv that's tf and n dot com then hit watch tiger tv for the latest market information welcome back folks markets hanging out in positive territory right now s and p's hanging on to 11 positive points that's 4 10s percent in the green 2786 excuse me jumping into a little shorter time frame chart checking in on the vix this morning we got a little bit of an elevation yesterday of course with negative action the vix though towards the end of yesterday almost made it back to 40 currently this morning trading at about 41 49 terms of what else we have happening jumping around to some of the cannabis stocks talk about some of the stocks that maybe have some long term potential if you're believers but i would be very skeptical some of these companies just and i am a long term bull even on you know the biggest of the big canopy out there you put it on a longer term timeframe that is quite a tough chart from april last year 52 to nine that's a niner there we're going to open it about 15 this morning but really pushing it back even the three-year weekly you see the decline from 59 some volatility but since april straight down had some volatility beware if i could say a stock i hear about a lot that i would not be investing in it is aurora aurora i mean check out that chart have have you seen a a chart that looks like this of a successful company anytime soon we're talking about 52 weeks here and that stock just went from 10 to 70 cents now aurora they just announced i'll pull this over they're going to be doing a reverse stock split 12 for one so that they get their share price back above a dollar so they're not delisted it's going to roll up their shares in a reverse split okay that was a couple days ago um that was i believe this bar right here you're seeing on oh no that's a weekly if you put this on a daily you will see the reaction the market had even uh to that news as we gap down yeah it's been constant just be aware of that even when it gets delist uh back above that um you know the other way you could have exposure is uh constellation brands from 104 to 62 quite the rebound going to open a bit positive today and they have a huge investment in canopy growth you will of course be purchasing corona beer when you do that so you better be a believer that that will bounce back but i'm sure it will stay tuned folks larry pesavento coming up live at nine i'll be back at 10 o'clock with tom markets in positive territory 30 minutes to go until the opening bell stay tuned folks larry pesavento coming up right now