 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapin. Call now. Call free at 1-877-927-6648. What's going on folks? This is Jacob, filling in for Basil. Today we got a lot going on. Everything's taken off on the open. The GDX is down 109, the dollar definitely floored it with that 103 area and it popped over. So, looks like we might get to 106 again, we'll see what happens. Again, I've been following this every time I've been on, but the dollar continues to be pretty strong comparatively speaking. Big news today, this guy is in, there's like five headlines every morning and it's saying something different about him and I don't understand how someone would have so much presence in the news. Something came out today, I think yesterday they were showing some new developments in their AI robots, right? They're called Optimus, the Tesla Optimus. This thing is, a big issue that I've continued to bring up regarding Tesla is they have so many ongoing projects. It's like, you know, if you have ADHD, that's what happens, right? You start new projects all the time, you can never follow through and this is what it seems to be at Tesla. So, there's this video that they released, 16 hours ago of their, it's a bipedal, you know, hominid bot basically and they're pushing this as like the new kind of product line. They're also pushing a new vehicle they haven't really come out with. One of the things I found funny in the video about the Tesla bot update is it was walking around the factory doing, you know, whatever is needed in front of cyber trucks, which is again, another product that they have that has not been released yet. And this just seems to be an issue they have. This also comes on top of him saying that they're not necessarily immune to any kind of global recession or, you know, depressionary macroeconomic situations. So, you know, the hype factor is so real with Tesla. I mean, we're up 2.5% right now from the open. I mean, in January, the beginning of this year, we were down to like the 100 mark and it went all the way back up to 200 and now we're floating around this area. You know, it will probably be like a small consolidation in this bound since there's not, you know, an immense amount of volume regarding its movements. But the other thing I want to say too is, you know, he's releasing a new AI that's going to combat GPT or so it said. The thing that the issue I have looking at everything with the autonomous robots and kind of that whole industry is if you're talking like bipedal stuff, right, things that look like humanoid and they do similar actions. You have a company, Boston Dynamics and I'm sure you all are familiar with that. If you're not, I'd really recommend looking into some of their robots just because it's so impressive what these things can do. These things are eons above whatever Tesla just demonstrated with their optimist spot. It's also to be stated too is that when you're working in factory conditions, it's not necessarily that the human form is the most effective, right? Like there's already a lot of autonomous bots and that exists in factories, right? You know, from arms to gluing things, anything like that, right? A lot of factories have a huge part of the chain being automated. And that's what makes me feel like these optimist bots are again much more of like a gimmick than anything effective. I mean, how many, if you want to talk about personal assistance, right? Which is one of the ways that they demonstrated the function of this bot. It's like who's really going to have that? So, you know, at least regarding this high buy, I don't think it means much for Tesla in like a temporal sense. But certainly it keeps that mythos going, right? And I'm not someone who's against experimental kind of technologies that maybe aren't immediately profitable. But still, I just, we have this continuing ongoing pattern over at Tesla where they are releasing these new kind of things or teasing them. And then we get two, three years down the line, nothing's out yet. And then we now have a huge swath of new products as well that are supposed to come out. So we'll see what happens. Also, it didn't seem like it affected it too much. But George Soros's management fund totally got rid of all their stake in Tesla. That prompted Elon saying that he looked like Magneto. And again, it's just, I don't think we've ever, at least in my life, have seen a CEO that acts quite like Elon and certainly not a man who is, quote unquote, the richest in the world. It's really fascinating. Another company I want to look at today is Raytheon. So Raytheon, what they do is essentially make something called, well, they make a lot of things, but they make a missile called the Mald missile, M-A-L-D. And these are, they have not been given out to any other people. As far as we know, up until now, the US uses them. What it does is a decoy missile, right? So one of the standard for, I guess, warfare today is going to be air defense, well air supremacy and therefore air defense follows, right? What the Mald does is it's a decoy and it makes it look, it can be anything. It can make it look like a missile, make it look like a plane, anything on the enemy radar, and it distracts resources towards that point. And this is how the Ukrainians have been penetrating so deep into Russian-held territory and hitting strategic points beyond or behind the air defense net that Russia has. And I have always said that these defense stocks are going to be so prime. So much talk is going on about any kind of global conflict. And not to say that that will actually happen, but the communication, the conversation is there. And when that conversation is there, these stocks are going to be pretty nice. In January, the beginning of this year, you had this bump up to 108. Seemed like it was just absorbed. And we're kind of just floating around this, you know, 100 area. Seriously, I think we're going to see more stuff come out if this conflict doesn't end soon. You'll see more of these technologies that really aren't on the mainstream kind of coming to light. And we'll just see really the scope of items that these companies have. Same with Lockheed Martin. I mean, it's nuts. But anyways, I would recommend if anyone's interested just like in general engineering like that, take a look. It's called the ADM 160 Mold. On top of that as well, I want to take a look at Steel Dynamics. This is again a company I talk about a lot. We had a sell off of it. Charts aren't loading. But I can talk a little bit about it, right? We were at the one, I think 132 for quite a while. There we go. 136 was the high. And I'm on a three year now. But I was just looking for the last day with volume, which would have been December of last year. We did touch that mark here. But it, you know, didn't bite went back up. And then we actually fell back down through that level, which is about the $100 area. And we've been going up and down. And I was curious, I was like, you know, why is this really happening with Steel Dynamics? Other steel companies have experience as well. And there are some macro factors, really more in the short term, regarding there's a lot of supply right now that just came out. And so prices, excuse me, there's a lot of demand currently, and supplies about to meet up with it. So the prices for steel might be a little overinflated. What I found out to is that city group actually changed it from a buy to neutral. But they changed a lot of the other steel stocks such as Newcore. They raised like 20 bucks or something like that, like something like a 10% increase to a buy. And so we will take a little bit more of a look at that when we get back, we have a lot more to talk about. So stay tuned, folks. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30 day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. 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, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com. Educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24 seven newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24 seven newsletter today. TFNN.com. Educating investors. T F N N has launched the Tiger's Den hosted at Discord. T F N N 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 Tigers and Tigresses 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 toll free at 1-877-927-6648 internationally at 727-873-7618. I love that intro sound. Anyways, okay, so you're talking about steel before we left for the break. So city did raise the target for new core about 10% from 145 to 160. Obviously we're not there yet. But it looks like it's making kind of the same moves as Steel Dynamics did, right? Like kind of we don't have like a huge amount of volume on it. But you know kind of floating with this 138 dips down and it's kind of sitting there. We'll see what happens. It's just it really is interesting to me. And the other one they had is X, which I don't think anyone really, well that's not what I meant. Let's see. United States Steel Corp. And that just is kind of doing worse over the month. Anyways, you know until the next kind of earnings come out for Steel Dynamics, I'm going to be looking to see if this is an opportunity. I'm not sure yet for myself at least. Again, I just I love this stock playing it a while back. So we'll see what happens. Some other big news, NVIDIA. They are doing some interesting stuff, right? Okay. So they make your CPUs or GPUs, all these kind of things. One of the other things that they're making that they're about to kind of really flood the market with something called the DPUs, which is a data processing unit. Okay. And so for a long time your CPU, you know, that would handle, you know, like network interactions. It would handle like some security factors. And they made something called a NIC board, which is all your computers. And that was what basically was delegated network traffic and all that kind of stuff. Well, that still apparently is not enough. So they're coming out with DPUs. I think they're called like blue stretch threes or something like that. But it's it's big news because someone was asking why NVIDIA has this like massive run up, right? And they have a high P in all of that. And they just continually are coming out with kind of new ways to revolutionize what we're doing, right? The NIC board was so interesting because it put a server on the board itself, right? And the DPU is just going to increase that. So we have some it's funny how like the way that this branch of technology works is it seems like you start off with like five things and then you merge it into one and then that forks into two and then you get five again. And we just keep going through that process. So I'm sure in the future, they'll you know, put the NIC board and the DPU back in the CPU, but it'll be interesting. And I I mean, this is past a price point for me. And they've obviously had an extreme run up with, you know, kind of declining volume, but they still continue to create things that that are useful, right? Like, I think the DPU will really when it becomes super mainstream and especially the new one that they're coming out with, it really will. So we'll see what goes on that and some some lighter news with NVIDIA and I love every time I'm on bringing up something to do with I don't know, maybe a new scientific discovery or something that's going on. It's just kind of neat. NVIDIA actually posted this on their blog and this company is using NVIDIA GPUs to bring back the Wally Mammoth, which is the Wally Mammoth, which is nuts. I don't know how I feel about that. It's Jurassic Parkish, but part of me is like, yeah, I'd love to see a Wally Mammoth in my life. Startup seeks to bring back extinct species by harnessing AI and technologies, including the NVIDIA GPUs and parabricks. So this is George Church, this colossal bioscience. They have a YouTube channel, I think, and I've watched them a few times. It's pretty interesting. So there's plenty of work to be done on endangered species. Anyways, the point is they're using AI and CRISPR and that's being supported by the NVIDIA. Now, is that really like a reason to buy the NVIDIA or the stock or make any move on it? Not really, but it is cool just to kind of see what NVIDIA is in and just really how wide-reaching they are. So kind of on the same topic with technology, we can talk about obviously the big news with TSM and again, nothing really big happened, but Warren Buffett at Berkshire Hathaway sold its entire stake, which I think was like 4.1 billion. You know, they have a major exposure right now and this is one of the things you always want to keep in mind. We'd speak about this in international economics classes and really just, it goes for investment in general but when you're investing in kind of things overseas or that are stationed overseas, you do have to take in consideration kind of what the political situation is out there and what the risks are, right? And so obviously China has been very vocal and wanting Taiwan, America has been very vocal and they're not getting Taiwan and there is, you know, every news you hear, some kind of aggressive posturing. Anyways, the point is, there kind of is a big risk exposure like tangibly with TSM. If China were to invade, right, those factories are going to be the first ones to go away because America is not going to want China to get any of that information, so they run a big risk. They are a strategic target in an area of the world that is really heating up. So it kind of makes sense that TSM, excuse me, that Berkshire Hathaway sold out of it. I don't know if all of it makes sense and I think that was only over like a half a year period. So there's probably a little bit more to that that has you know, more to do than just with it being in a strategic position but it's interesting to keep in mind regardless. On top of that as well, and again this is more exposure like on Apple's excuse me or exposure you get working with this company or investing in it is Apple has booked 90% of TSMC's 3 nanometer production capacity for the year which is massive. It's good for TSM and obviously good for Apple since they have a supplier and a steady one as well but you know what happens if something like this occurs, right? What happens if the TSM factories get hit or something like that again I think it's very low chance but Apple booked nearly 90% of chip supplier TSMC's first-generation 3 nanometer process capacity this year for future iPhones, Macs and iPads Apple's upcoming iPhone 15 Pro models are expected to feature the A17 Bionic processor and Apple's first iPhone chip based on TSMC's first-generation processors. It's said to deliver 35% power efficiency improvement and 15% faster performance compared to the 4 nanometers. So you know, if everything stays kind of constant, I mean this is going to be good for Apple as well, right? We all want faster stuff. There's only so much you can do design-wise. On Apple's level as well this is so insane to read and it just really shows you that this market is driven by behemoths. This is the stock market milestone. Apple is now worth more than the entire Russell 2000. The market capitalization of Apple Incorporated has surpassed the entire Russell 2000 for two weeks. The longest stretch on record. Apple's market capitalization which measures how much the company's worth based on the value of all its outstanding stock surpassed that of the RUT on April 27th and is held higher through Monday. That's this past Monday. The only time that occurred was September 1st, 2020 when Apple's valuation passed out of the small cap index for only a day. The premium over this group of small cap stocks continue to widen over the past two weeks as the consumer technology giant reported earnings that surpassed Wall Street analysts' expectations. We'll talk more about it. Again, these guys are spanning out. Are they going to start releasing, you know, Netflix style documentaries which they're talking about doing or how well is the Apple pay doing with that 4% savings? I mean, these guys are really spreading out. Folks, stay tuned. We'll be right back. Thanks for watching. We'll see you next time. We'll see you next time. This segment is brought to you by Think or Swim. For more information, just click the thumb up button. Thanks for watching. I hope you enjoyed this video. I'm David A. I'm David A. I hope you enjoyed this video. I'm David A. I hope you enjoyed this video. I'm David A. I hope you enjoyed this video. I'm David A. I hope you enjoyed this video. For more information, just click the Think or Swim banner on the front page of TFNN.com. All right, so I was looking in the den, which if you're not in, you got to get it. Guys, it's $1. And you're missing out if you're not in it. But S1 shared an article from the Motley Fool saying Kathy Woods is revising her Bitcoin projection to $1.48 million. You know, I don't know really what that means that achieves that. But what I do know is there has been some interesting stuff regarding Bitcoin. What I mean is you have a stable coin called Tether, right? And they released an update saying that they're going to start allocating up to 15% of its net-realized operating profits towards purchasing Bitcoin. And that's going to be used as their minimum reserve asset. So it's going to be interesting to see what happens to the tokens. That's decent for Tether, I think. It's decent for Bitcoin as well. Some other thing that came to my attention a few days ago was that the secret, this is in crypto, the Secret Service had a Reddit AMA, which isn't Ask Me Anything about cryptocurrency. And it was super interesting. And I would just, even if you're not into crypto, I would strongly recommend you can just look at it as well in a little bit after the show. But they were answering crypto questions, essentially. Of course the number one thing asked was do you have crypto? And the answer is yes, but they have it not because they're holders or apes or anything like that, but because they needed to study it. One of the things that was interesting is they like the blockchain because it actually helps them trace funds. Now obviously they can't necessarily tell who is doing what, but they can see large sums of money being transferred over the blockchain, right? Because it's a public ledger. That's the whole point of it. So the privacy regarding who's sending what is, that still exists, but it never existed that they couldn't tell how much was being sent, right? I mean this is a quote from the Secret Service whoever representative was answering this says, the beauty of the blockchain helps us trace funds, but attributing wallets to individuals is a different story. It's only anonymous until it's not, but even then in every instance we have applicable laws and we must follow judicial processes when working to identify bad actors. And you know, I mean this is a massive thing, if you have a profile on someone that you're looking at and you know they maybe you have intelligence that they're about to buy this and you see a big move on the blockchain that's worth something similar to that. You know, it's obviously all it's not a direct piece of evidence, but it definitely helps you get a footing on something. And then someone asked about Monero, which is a privacy enhancing coin and you can't really tell what's being transferred and what amount. And then so they responded our friends at the Department of Justice, consider the use of AECs excuse me, such as Monero to be high risk activity and that is indicative of possible criminal conduct. Anyways, I thought that was super interesting you know this is definitely on the radar of intelligence agencies. So it's pretty interesting to see. So let's see we had someone I had someone email me basically asking about GE right? Let's see if we can pull up GE. They're saying that has a P of 13 and they see it as maybe like a value of growth and you know I'm not so sure about the growth but one of the things I like looking at at least fundamentals on stocks is they're debt ratios right? And so one of the things I don't have the fundamentals up but I was writing notes on it so their debt essentially is $32.4 billion that's down from December it is a huge cash reserve and this is really what gets at least when you're paying interest right we'll get to like the interest coverage and it's you know how much is your EBIT kind of you know how many times can you pay off your interest of course cash is really important for that right because you're paying off interest with the cash. So you had a debt of $32.4 billion which was down from December a massive cash reserve of $21.8 billion and that's basically making a net debt of about $10.6 there's yearly liabilities of $56 billion in longer terms of $93 and on the short term which we're going to look at regarding debt they have a cash of $21.8 of course and then short term receivables of $20 so their total their total liabilities do outweigh their short term assets in cash but if we want to look at debt to EBITDA excuse me EBITDA an interest coverage we have the debt to EBITDA ratio of $1.3 and that's pretty good for the market you kind of want that under $1.3 and your interest coverage ratio is above 4 which is super solid and the EBITDA is 84% free cash flow so GE at least on kind of the debt is looking decent that's the major thing that I looked at regarding it so I don't own GE or anything like that and I just wanted to answer my opinion on that question for one of our listeners so we want to talk a little bit about C limited let's see if we can pull that up here they crashed pretty freaking hard let's see oh I just had the ticker there we go uh-huh, SE not GE so these crashed pretty significantly and so we're going to go over to Reuters a little bit and read what they were saying so and this is so funny because Tommy was just talking about CCT writing stuff and AI writing it it seems like the opening to this is absolutely written by an AI but it says the 41 billion Southeast Asian internet giant retreated from overseas markets, slashed marketing spends and shed thousands of jobs still that wasn't enough for the company to meet earnings estimates on Tuesday a subsequent 18% drop in its US shares is obviously a reality check the Singapore headquartered C posted positive earnings for a second and the 87 million net profit was about one-third of what analysts had penciled in had blamed the miss on 118 million goodwill impairment charge from a prior acquisition dang revenue from its gaming units tumbled 52% while e-commerce grew by a similar amount the negative investor reaction trimmed C shares price gains this year to 39% though to still outperformed US listed peers the CEO Lee is assuring the market that the company he built is more than self-sufficient in his first media interview in two years published this week he emphasized pushing down cost is going to be long-term mode see his banned business class flights cap daily meal expenses at $30 and remove snacks from offices and we're seeing that a lot kind of like a cutting down at the higher levels especially for like bonuses and stuff like that another big news thing and this has been going on for years is the Microsoft acquisition of Activision and this is so massive Activision is huge these are one of the guys along with EA that basically started the concepts of microtransactions and video games and that seems kind of ridiculous that it would be such a big market but it really is especially from EA's perspective they own FIFA which is the soccer video game and the rest of the world is in love with this video game and they buy all day long we obviously have things like Call of Duty over here that younger people play and I guess even people my age still play video games and now we have money and so their profits are so high we'll talk a little bit more about this and sell some of the hurdles they have before this merger comes but this EU approval is massive they've been working so hard to get it as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers, consisting of coverage of the XAU, HUI GDX, The Dollar, Bonds, the South African Rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to Tom O'Brien's gold report newsletter now at TFNN.com Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter Market Insights is published every morning when the market is open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis of strategies for a successful portfolio get Tom O'Brien's newsletter Market Insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at TFNN.com TFNN educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade LABU or LABD Tom O'Brien's daily S&P biotech three times bull and bear ETFs visit Direction Investments.com slash biotech 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 866-4767523 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 this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ we're talking about the merger with Microsoft and Activision Blizzard one of the things I do want to bring up with this is while Activision's basically profit is pretty good they continue to make and again I don't play video games but I do keep up with them because it is such a large market that I feel like maybe isn't always looked at but because of their kind of nickel and diming that they've done in order to progress at all through a lot of their products they've received a pretty bad rap among people who play video games they effectively destroyed when Activision took over Blizzard they destroyed some of their big names which is World of Warcraft and Diablo and these used to be massive money makers on a big level the problem is even though the games themselves are kind of dying out the money is still there because the people who play will just spend so much money on anything in the game it's honestly pretty crazy there's already been a lot of like trust things regarding Activision and EA one of the things that they were doing that was massive in the states and the EU blocked this pretty quickly but they had these things they were called loot boxes and you'd pay for money in the game so real US dollars for whatever in the game and then you basically just played a slot machine to see what you would get then you run into really strange territory with our kids doing this which they definitely are because when I was a kid I was doing it and so you know you're basically teaching kids to gamble and so that was a major issue that EU had with Activision itself and then Microsoft is going larger creates larger issues just with such a massive monopoly at the end of the day obviously you saw like EA competing but Microsoft's acquisition would be huge for the industry so the European Union regulators on Monday proposed 69 billion acquisition the EU commission excuse me the European commission said that Microsoft offered remedies in the nascent area of cloud gaming that have staved off antitrust concerns and these remedies centered along allowing users to stream Activision games that they purchase on any cloud streaming platform which is a weird thing that they were arguing about anyway and then Europe's green light is a huge win for Microsoft yeah and the UK doesn't like this at all and I think some of the MPs came out today and was like what are you doing man so yeah this is going to be massive if that acquisition happens I think the people will hold it someone was asking a question like I have this an ETF what happens you get like 95 a share which is nice since Activision is currently trading at 77 but this is still a long way to go so this is what I was talking about with the UK the EU decision comes after the UK competition the markets authority last month blocked the deal over concerns it would reduce competition in the cloud gaming market well the CMA said that Microsoft would find it commercially beneficial to make Activision's key games which is called duty I guess is still massive exclusive to its own cloud gaming platforms and that's really what was going on right it was like this battle for titles and exclusivity and that you know Microsoft owns Xbox so they want to sell that platform and really they're moving in just selling not even like the hardware anymore but everything is so virtualized nowadays and so they're just putting the ability to run these games on the cloud I think this would honestly be a huge win for Microsoft in a major way if they can somehow convince the UK to do so I want to hop back over I'll hop back over let's see here yeah I do the GE again this is some interesting news is their aerospace is going to invest up to 20 million in its Dayton EPIS center construction will begin at the new cell within the river park drive facility this summer and it will be the center's 7th test cell there's room for 8th test cell within the building there's no plans to build one they're going to invest 20 million into the EPIS which is electrical power integrated system center to build new test cells bringing nearly 100 million amount that has been invested excuse me the amount invested to 100 million in the University of Dayton campus facility in the past decades so these guys are definitely pushing in I was looking a little bit more of their fundamentals after the break and they are like cutting down on cash quite a bit but this is some good investment I think this is not an announcement that comes lightly this has been well in the works for 18 months NASA recently suggested selected GE aerospace to develop an integrated megawatt class hybrid electric propulsion system as part of a program dedicated to exploring hybrid electric flight plans for ground and flight tests on the hybrid electric systems this decade with Boeing use the modified SOB 340B that's interesting and GE CT-7 engines so yeah there's a lot to I would say just be a little bit excited about at least just for like the casual viewer of GE so it will be interesting to see what happens with them I always bring up Argentina and so does the news but these guys they they raise their interest rate to 97% as it struggles to tackle inflation but I feel like this increases at least runs the risk of increasing inflation even more I mean you just like devalue the Argentine peso so heavily by doing this and always tell the story when I was traveling I was staying in a hostel with this Argentine guy and he woke up one day this is like in 2019 and he woke up one day and that's when like the value of Argentina just slashed entirely they had a new election and they lost half its value and I just remember like walking up to him because we'd always get breakfast together and I was like man how are you doing and he goes I have no idea what to make of this and they've always had issues I mean they owe so much money to the IMF which are never going to be able to pay back we'll look a little bit more into this the central bank of Argentina raised its key interest rate Monday by six percentage points to 97 percent six hundred basis points in an effort to tackle soaring inflation has reached 30 years highs oh man central banks across the globe are struggling to rein in inflation but it's a particular problem in Argentina where the annual inflation rate stored above a hundred percent last month and it's so nuts because this country has so many natural resources they're rich in that and I don't know what it is if it's just corruption or what but the president the current president is uh he's not going to run for re-election so that's interesting this is another huge headline something I was speaking about a little last time the consumer debt passes 17 trillion for the first time despite slide and mortgage demand and that's such an interesting thing to say like the slide and mortgage demand and what I have this feeling that a lot of what it is a slide in demand but I think that maybe getting a mortgage in my age group it's so hard to get one and I think people have been pushed out of the market in some capacity and so this has slid credit card mortgage excuse me um credit card debt has stabilized at one trillion but again I think we're seeing kind of more like a v-shaped thing going on where I do think people on the lower ends are getting more credit card debt and people kind of the higher end are not acquiring so much and that's or maybe they're reducing it and that's stabilizing that kind of factor again you have more people now who are buying something as basic as groceries on credit and so this is where we're seeing this kind of like two-tier thing going on and that's resulting in kind of a stabilization so the total consumer debt hit a fresh new high quarter in 2023 at just over 17 trillion new mortgage originations including refinancings total just 323 billion the lowest since the second quarter of 2014 um again I don't think everyone who wants a mortgage is getting one right now that's kind of what we're looking at so it'll be interesting to see what happens with this guys stay tuned we got a little bit left and we'll just run over some interesting news when we get back the Tiger's Den has just launched their new trading room the Tiger's Den hosted at Discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tiger's Den available to all Tigers and Tigris's for just $1 for the year there's no cash or added costs when you join our community of traders in the Tiger's Den you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigris's as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the Tiger's Den at Discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of TFNN.com The Opening Call Newsletter at TFNN.com Everything in the Universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com when you subscribe you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to purchase Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors this segment is brought to you by Think or Swim for more information just click the Think or Swim banner on the front page of TFNN.com we were talking about Tesla earlier this thing is up 4.3% today just this massive reversal it must have literally been as I was speaking promised to deliver the Cybertrucks by the end of the year so there we go the market just won something to go off of Ford however is going to lose money on their EVs this year they're going to lose approximately 3 billion on its sales electric vehicles to consumers this year but overall it still expects to hit profit targets set for this year between 9 and 11 billion those EV losses and overall profit both come from expenses and interest excuse me before interest and taxes the 3 billion loss is roughly equal to what it lost on EVs on that basis the last 2 years combined and so it lost about 900 million in 2021 and 2.1 billion in 2022 wow it's the first time it gave a breakout of the results of its EV operations it did say it was about to start making money on it soon going from a 40% operating loss margin last year when it sold about 96,000 EVs bringing in 5.3 billion in revenue to about an 8% profit margin by the end of 2026 it expects increased production of EVs to bring global product of those vehicles to a 2 million annual rate by the end of the year it still is less profitable than Tesla and Tesla has been doing this for way longer and they have massive infrastructure regarding the production of these things Tesla is even going as far as to figure out new ways to extract lithium to make their batteries they have the whole chain there for the most part so again I still stand by what I was saying with it I think there is room for other electric vehicles will they be able for the foreseeable future in the short term on a yearly basis to compete with Tesla I don't know probably not and if Elon is coming out and saying that Tesla is going to get probably hit by larger macroeconomic forces I'm certain that other EV makers are going to get hit as well folks thank you so much for staying tuned with me I think Baz will be back Monday so I'll be with you tomorrow and Friday folks have a great rest of your day