 The morning markets kickoff with your host Tommy O'Brien good Monday morning everybody I'm Tommy O'Brien company alive from TFN and just after 9 a.m. Eastern time Monday morning We got about 24 minutes to go until the starter trading you mark our our market starting things off in negative territory jumping into the S&Ps were negative by 21 points right now trading at 42 46 things looked a little bit more dire overnight we actually reach a low of about 42 18s you're talking about almost 30 points below we're out right now you have the S&Ps down almost 50 points on the session that actually not as harsh as what's going on in Europe and definitely not as harsh as what's going on in Asia right now we'll get into all of it you get the hang sang folks down 5.13% no excuse me yes no excuse me I'll do that again you have the hang sang down 3.7% you have Shanghai down 5.13% the Nikkei right now down 1.9% we'll go over to Europe since we are the Dax down about 910% footsie down about 1.6% right now Kakarol down 1.4% our markets not as bad when you look at it right so you have the S&Ps down less than half a percent right now it's gonna be an interesting open NASDAQ 100 pretty similar territory down about 410% right now you have the Dow off about 410% right now in the Russell off 2.3% almost 7.10% in the red we jump over to commodities little bit of a scare of a slowdown in China gonna put a herd in commodities and you got crude under 97 bucks we're trading 96 90 volatility and crude man watch out on this thing we'll put it back on a daily real quick just to see the volatility the lower portion you're talking about right near that area maybe $94 and change maybe call it $95 matches up to the bottom of the bodies of those candles and you're talking about an area that we have not traded below pretty remarkable when you talk about almost two months folks February 28th we break above that area decisively we've pulled back a couple times you have crude inching towards that area right now at $97 gold pulling back as well pretty harshly under 1900 bucks my dad's got a new update out for the gold report today if you're thinking about getting it to that gold report encourage you to check it out we get some volatility in gold right now 1896 negative $38 that's almost 2 full percent in the gold contract silver down 62 pennies at 2364 we jumped to notes and bonds we're getting a little bit of a reprieve not for the great reasons that you'd hope for though in terms of a reprieve only because of an economic slowdown may be possible you have risk off selling off on equities you have notes and bonds higher you got the 10 year positive by 25 ticks right now we got yields 2.82% just remarkable removes in the tenure you're talking about a point and a half from where we were trading at early on Friday let alone just basically back to where we were at early on Wednesday not quite back to the highs we had early last week but look at where we were last Monday when we started things off we had a 120 handle we're almost back to a 120 handle meanwhile we almost made it to a 117 handle late Thursday night the 10 year positive by 24 ticks 30 year positive by a point and 12 ticks let's jump over to the VIX as we round things out man it spent quite a couple days man I'm gonna pull up the S&P's so much for a 19 handle that is Thursday morning on the VIX folks we're floating with the 30 handle right now on the VIX and probably rightfully so because even in the devastation that we've had in this market I'm not sure that we've had two days like we had simultaneously between Thursday and Friday from 4509 you trade down almost 200 points from where we were last night you ended last week at a price point of about 4245 so you're talking about what does that put things in terms of the pullback 165 points to the from where we were early Thursday and you take a look at the daily folks as I said I mean yes there were four or five straight bars that were pretty dramatic in late January we'll call it January 18th we also had a bar really January 13th the sell-off began January 6th but two bars of this magnitude together that doesn't exist on this chart yet folks scary proposition really remarkable that the market pricing that in at least to some degree with Chairman Powell was the talk last week right saying he's comfortable with 50 basis points in May forget what the exact verbiage was should not have been a surprise to the market nonetheless the market waking up to the idea the Fed is gonna hike they're gonna hike with some force and they believe the market can handle it and the market says well maybe we can't handle it 4500 we can handle it about 4250 right now we'll see where we go on the open all right let's jump around to some of the headlines we got and we'll start it off with the China lockdown amping up inflation scares for global markets folks they're gonna have some supply chain problems supply chain problems are going to translate into less goods less goods are going to translate into higher prices that is what happens and unfortunately what's going on in China right now they got a big problem they're locking down Beijing a city more than 20 million people adding to worries about supply stresses that are keeping the heat on prices European stocks for the most since April 6 we talked about Europe right now as I said you got the Dax down eight tenths percent footsies down 1.5 but over in China man watch out they are hitting those markets in a big way with as I said Shanghai down more than 5% Hank sang down 3.7% Nikkei down 1.9% right now and yeah it is a big problem folks China had a zero COVID policy did not work at all they do not have a vaccine that is as effective as we do and it's all coming back to roost right now as they are locking down the city man and that is gonna put a hurt on the whole world when you think about the number of goods they come out of China adding to the woes that we're dealing with already right now okay what else we got going on Twitter so I saw the headlines this morning man they may have a deal as recently as this morning yeah we'll see what happens man but Twitter catching a bit you're up about a couple bucks now let's pull this off real quick the one interesting thing here is we popped to that 618 we'll see if we pull back it doesn't look like it the headlines folks are saying that the board and Elon they might work out a deal as of today you were down to 31 bucks you're at 4893 right now you check out the 15 minute on that news and there's a spike for you up to 51 25 right now I believe it was 54 and change was his bid offer correct yeah 54 and change something like that because it's like to right near that area on the first reports on April 5th that he was gonna buy the company for that price or at least attempt to there is still some premium left open folks on this so deal not done quite yet is what the market may be saying but a deal very possible and let's pull up the headlines as we look at it so Twitter jumps on reports it could accept Musk's bid as early as today the board met Sunday to discuss the financing plan for the proposed bid the board negotiated with Musk into the early hours of Monday according to the New York Times out there 54 20 with the price and as I said it's only trained in 51 and change right now if you think it's gonna happen at 54 20 there's some volatility in there that you could absorb but boy if it doesn't happen you could see that sell off in dramatic fashion and as we all know anything is possible with Mr. Elon Musk and that's all really we got up here yeah it's it's it's unclear what the deal could look like report it wrote is reported Monday that the agreement could still fall apart Twitter's not been able to secure a go shop agreement yet which would allow it to look for other bids once it signed the agreement the company could still accept another bid if Musk pays a breakup fee there's a lot out there nonetheless we may get some news on Twitter twin or what are the highlights today trading higher at about 51 29 will jump over to Musk's other endeavors and maybe that's a little bit of a sell off with the market there to 961 you get a little bit of a pop down to 981 right now Tesla barely read by about $20 S&P's negative by 15 stay tuned folks we'll be right back 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 Pesavento 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 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investor you were born to be tfnn educating investors back folks we get the S&P's negative by 17 points right now checking back 15 minute chart we're treating right now 42 49 back to a daily on the S&P's may have we got quite a pullback and it seems like 4200 well within reach you talk about the recent lows spike low on February 24th talking about 4101 folks that's still 150 points from where we're trading at right now you talk about the area that we chopped around in an early March you peg that on a chart you talk about 41 50 you're talking about 100 points from where we're trading at right now quite the move of the last two days but we'll see where it goes because today with what's going on in Asia right now it's going on with Europe very difficult to see the U.S. markets charging higher as you have shanghai excuse me shanghai I mean the city is yes shanghai I almost said no no shanghai in my head it's difficult one of the larger cities locked down over the weekend warning the virus has been spreading undetected for about a week as we all know folks that means it's everywhere all right the one thing one of the first things that thinking back to because it's important to learn from your stakes right I think there were a lot of us that made a mistake in not realizing how quickly things could escalate with something we've never seen before in the likes of a pandemic okay the first time that there was a case in the U.S. that they could not trace the switch should have been flipped in your head that no matter what the politicians were saying at the time President Trump okay that if it was a case that was untraced and was spreading that basically that was the fear that it gets out it gets out and then it spreads unchecked that's what's been going on in Shanghai for over a week folks they're gonna have to lock down everything in China it's basically like they lock it down and there's no getting out and that is gonna put a hurt on things dramatically when you think about the hurt that's already going on in terms of the backup with with Chinese ports getting into some of the numbers as I talked about you talk about no matter what market you choose over there you were down in dramatic fashion right now the hang sang felt 3.57% okay yeah they got different equities in particular down about 5% the Nikkei was off 1.9% in South Korea the Cosby slid 1.76% they also get down to in terms of just yeah the Shenzhen component okay down more than 6% Shanghai composite down 5.13 I talked about no surprise it makes all sorts of largest it makes all sorts of logical sense that the market should be concerned about the COVID situation because that clearly is impacting economic economic activity it's impacting earnings potential for many parts of the market that is chief Asia Pacific equity strategist at Goldman Sachs Timothy Moe not familiar nonetheless he's making a lot of sense folks they're just locking down cities of 20 plus million people let's see what it was the population of New York City for some context yet New York City population in 2022 is 8.85 million folks so that's two and a half New York City is locked down that gives you an idea is that right what am I looking at here yeah I believe that's right about 8.85 maybe when you include the boroughs it pushes it up to no there it is yeah we're talking about New York City of 8.1 million people folks yeah the state of Florida so this is this is a good analogy all right because I've looked this up recently the state of Florida has as many people there's a good comparison to bring it into reality the state of Florida has as many people as Shanghai folks 21 million people that's what they just locked down if you lock down the city the size of Florida you better believe there's going to be an impact out there and you're seeing it in the markets say that's remarkable when you think about it on that comparison okay let's jump around to what else we got going on Coca Cola out with their numbers today we're drinking a lot of soda folks we're drinking a lot of whatever they're selling Coca Cola trades up to 66 30 let me get back to where I got everything pulled up here and how about revenue jumping 16 percent I mean last year a different time than this year to say the least unit case volume rising 8% during the quarter fueled by demand for drinks like power aid and coke zero sugar here's what I'll say folks power a probably more healthy beverage choice than coke zero sugar diet beverages yes you can make the argument that they do not have sugar which is more helpful but in general folks diet soda not good for you kind of tricks your body into wanting that type of a almost like a drug in your brain and it can cause you to actually have those cravings even more so despite the suspension of its Russian business reiterated a full-year outlook for organic revenue and comp earnings growth share per share growth 64 cents versus 58 and a decent revenue beat in a big way 10.5 billion versus 9.83 billion first quarter net income attributed to shareholders 278 2.78 billion or the 64 cents a share so 2.78 billion dollars in the first quarter not a bad haul what do you think about it not a bad haul on the revenue they're doing that is some serious margins man revenue of 10.5 billion and they're bringing 2.78 billion not a bad business plan to be selling sugar water at an expensive toll excluding items 64 cents a share 58 was the number net sales rising 16 percent man that's just a huge beat organic revenue that's going to strip out the impact of acquisitions climbed 18 percent in the quarter pricing and mixed grew 7 percent the quarter helped by strategies like bottling its drinks in smaller packaging watch out for that one man as inflation puts pressure on profit margins shoppers wallets company says been expanding its lineup of single serving offerings at affordable prices folks please don't be wasting your money on single servings of sugar water or diet sugar water even in the case of power rate many times that cannot be something that is help healthy if it's got a lot of calories in there and you're trying to mean you know minimize some of those calories a lot of these beverages not very healthy in early March they pause the operations in Russia said Monday the decision is expected to dent unit case volume by 1 percent and revenue and operating income by 1 to 2 percent the decision will weaken its comparable earnings by 4 cents a share nonetheless big earnings for coke man and they are trading higher jump to some cars GM it will produce electric Chevy Corvette here's what I'll say is it says it's going to produce an electric Chevy Corvette and I'll say well of course they are but what are they going to do it all of these are a question folks of when and not if yes I imagine some car companies maybe they'll try and you know maintain some car that they say it's got to be gas for the nostalgic the raw power of something you know the sound of that gas engine but in general folks they're all going to be electric at some point okay GM will produce an electrified Corvette next year followed by an all electric version of the iconic way yeah yeah so that's a little bit of extension as this news was just out see let's see if the GM president said the automaker will continue to produce traditional models with internal combustion engines alongside the electrified model it's declined to disclose when an all electric Corvette would be released or whether the electrified model would be a traditional hybrid or a plug-in hybrid electric vehicle so electrified just means it's going to be some version of a hybrid all electric of course is all electric will have an electrified Corvette next year it's coming very quick rumors of an electric Corvette have been swirling for years and yeah Corvette that is quite a vehicle in terms of American nostalgia they get a little bit of a pop on that which is surprising GM putting this thing back on a daily as we come into the break when we come back for the open you talk about a pullback man from 67 bucks down to 40 there's your three-year weekly yeah I mean you're back to almost where you were trading folks means we're gonna go back even further than that we'll take a look some of these car companies this five-year weekly right back to you where you were chopping around in 2019 for GM stay tuned folks we come right back S&P's negative 22 coming into the opening bell the gold market has taken off topside the large weight if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal 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 if yourself 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again but just for some awareness folks of what's going on this is a chart going back 90 days on an hourly okay and what this is is that you have the QQQ in purple and this is a chart of Bitcoin okay so Bitcoin is the regular bars you're seeing here green and red and in purple is its correlation to the NASDAQ 100 if you are trading Bitcoin okay now some of the other cryptos maybe like this as well Ethereum some of the other larger cryptos especially okay you're trading the Qs folks if you're trading Bitcoin now yes it's not exactly okay but look at this chart and sometimes you exaggerate things to the bottom below sometimes you exaggerate to the top as in you get oversold overbought versus the comparison but folks even the tiniest of dips or accelerations in Bitcoin very correlated to the NASDAQ 100 now that's a great thing for Bitcoin in the long run man because that means it's not going to zero if it's correlated to an index like the NASDAQ 100 but it also means it's not going to 10 million if it's correlated as well something to consider not a lot of people I think realize the correlation going on with something like Bitcoin right now even compared to an index like the NASDAQ 100 Bitcoin today a little bit lower 38,690 you're off 2% right now and we get the markets dropping on the open you're down 910% on the S&Ps NASDAQ only down half a percent so that's where you see a little bit of a separation in the correlation between the NASDAQ 100 and Bitcoin we'll see if it holds but that's an extended period of time 90 days and not a lot of people I think like I said aware of how correlated Bitcoin has become to some of those growth stocks in particular all right speaking of growth stocks let's jump over to ARK they've been in the press for volatility reasons you could say man and you're coming right back down to these lows we had folks you're talking about the lows of March 15th that's where the market really caught a bid remember and accelerated higher you are the low there 51.85 for ARK you're back down to 52.60 you were just above 70 on this thing now Cathy Wood she's got a five-year horizon and that is one thing I actually agree with folks if you're a longer-term investor all right you want to take at least a five-year horizon in things because if you're a longer-term investor it is very difficult for a year or two to play out on a longer-term investment basis right she is looking for big trend shifts in the company she's investing in she's been dramatically wrong for a year and a half now at least I mean 160 folks this thing was at you're at 52 right now you are actually still below where you were at coming into COVID you started the year of 2019 off at 49.52 and you're trading at 52.26 let's jump around some of those stocks Tesla shares down 2.4% this morning I mean she's got some of the ones that got hurt the most man zoom under 100 bucks this morning trading at 99.13 from 5.88 yeah just a remarkable deceleration for Zoom shares let's jump over to Twitter see how they're trading on the open up 3.3% right now now you have to factor in that the S&Ps are down about a percent Twitter trading low with the market right now we'll see if they have any news in terms of a deal potentially being reached reached between mr musk and the board I imagine that's a difficult one folks I imagine he's playing a little bit of hardball he is a grand promoter of himself and he probably doesn't want to give them any room to shop around to do any of that stuff he even included the term what last and final offer when he put in that bid saying no no there's no negotiation this is the price I'm going to do it at it's fair if it doesn't happen we're going to go aggressively hostile even more so so we'll see how it plays out but that's a tough negotiation especially when you got so much influx right now but the market selling off man in a pretty dramatic fashion right now we got the S&Ps I mean just since I was on the air folks putting it on a one-minute chart started the program off and we were trading at about 4252 and since then we've lost about 25 S&P points the run really began about 920 and these are one-minute bars we've dropped off about 17 points since the open right now on the S&Ps okay let's jump around to see what else we have going on some of the headlines I got pulled up some of the stocks making waves this morning we talked about Coca-Cola beating we talked about Twitter oil stocks they are lower folks when you got crude trading lower Kellogg gets a downgrade yeah Deutsche Bank downgraded them they're dealing with some worker strikes they got rising inflation supply chain disruptions some of the reason they're talking about Verizon they fall after Goldman downgraded the stock to neutral Verizon is situated well for 5g growth but offers a lower potential return compared to peers like AT&T now Verizon I've talked about many times when mom worked for Verizon for a while retired from them able to retire at a very young age compared to most because of the union that works for that company folks so keep that in mind Verizon down 2.3% right now on a drop and they had quite a drop on Friday man they were out with their numbers and they actually lost subscribers on that so not what the market was thinking this thing has had quite a beat this year as in it's over performed the market you came into 2021 at about 52 bucks you're as high as 55 and just like that we're back to 50 bucks you're right down to the lows we had whether it was in January also right down to the lows we had in March you're talking about lows late last year 49 69 on Verizon shares were down 2.3% so far you take a look at AT&T now this has been a struggle as well man I mean I was looking at a long-term chart AT&T recently man I mean you're back to where you were in 2009 you're back to where you were in 2002 you're back to where you were in 1998 that's a tough one you compare that to Verizon not the same as in quite a rise over that period of time but that's not what you want to see on Verizon folks I mean I know that those are not parallel lines maybe it's a little bit of triangle formation but even if you just take the trend line all the way from the lows of 2010 you match up on those lows that we make over the years that's a pretty decisive break and you could make the case okay that maybe that line's a little bit lower maybe you come back up and test that line your trade lower so keep that one on your plan um radar as well all right market catching a little bit of a bit look at this NASDAQ 100 are we going to go green on the NASDAQ 100 when you got China just getting pummeled today well we might folks you have the NASDAQ 100 down just 12 points let's jump around to some of the fang stocks see how they're pushing the market Amazon shares actually in the green already by a tenth of a percent remarkable you're well below 3000 bucks you're below 2900 on amazon microsoft shares down barely in the red by 11 pennies right now we jump to the big dog apple down one percent right now at 160 13 for apple facebook shares up a percent at 186 right now for facebook shares let's jump to netflix uh down about one tenth percent this is a tough one for next netflix man i talked about it last week the tough part about valuing valuing netflix right now folks is that they are changing their entire business model and that's why you saw ackman with pershing square capital get out of that trade because he said listen we need to be able to analyze the future prospects of a company and when netflix comes out and says we're completely changing our business model we're going to start doing selling advertising we're going to start selling cheaper subscription plans that are advertising supported and people then were saying half the reason i talked about it myself half the reason they said really the only reason i watched netflix is no commercials they introduced us to binge watching right releasing episodes all at once they've introduced us to no commercials they're changing that all so who says this company should be worth a hundred billion dollars because that's pretty much what you're worth right now you're probably just under that number right now 96 billion dollars is what netflix is worth um are they gonna have to start spending money on live sports it's a tough one and just like that we just got the nasdaq 100 sneak into the green stay tuned folks we'll be right back are you in the market for buying or selling real estate in the bay area including the surrounding st petersburg tampa and clear water markets tiger real estate llc is a firm that has extensive experience in the tampa bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers make the most informed decisions across all price levels from 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risk including the possible loss of principle 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 welcome back folks we got the s and p is negative by 29 points right now it's going to be an interesting day folks man anytime you got china trading down like you do you have china again folks all right if you're just tuning into the program they lock out they lock down shanghai a city more than 20 million people sometimes you hear that type of thing over in china so recently so often recently i should say locking down cities that are so large it's tough to relate to the fact that a city like shanghai folks is the size population wise of a state the state of florida okay so cram all the people in the state of florida into one city all right new york city is about eight million in change cram them all into one city and lock it down folks okay that is substantial to put it lightly you have the markets over there down two three four five six percent depending on what you're looking at uh let's jump over to some of the stocks in particular you have alibaba down 2.7 percent not as bad as some of the equities jd.com actually positive by seven tenths percent i've talked about alibaba recently i would still be wary of this thing man you put it on a three-year weekly from the highs of 319 made in october of 2020 you are well within a downtrend channel folks and let's just extend the line on the bottom portion of that to the right you make it to the bottom part of that you're talking about 60 bucks folks you're talking about 25 dollars below where you're trading at right now a substantial hit very possible uh it's looked like these things could be a buy for a while folks and this one could play out for a substantial period of time because china is in trouble man in terms of zero covid policy backfiring in pretty dramatic fashion and there's no way that you're going to see the executives over there the dictators over there um backtrack in any way they're they're on a path and uh they're going to ride it through and the world is going to pay for that disruption folks and you're seeing it play out with the price accrued this morning down five dollars and thirty six cents at 96 71 there's your daily for crude you strike from 66 dollars and change remarkable back in december to 130 uh and again talked about early in the program you're coming right back down to the lows that we've seen a couple times you're talking about lowest prices we've seen basically within a couple bucks of that level over the last two months february 28th is when you really got the pop over there in crude all right let's jump around to some of the other equities are moving uh yeah so penn national this is an interesting one gambling stocks right let's jump over to penn now penn is the company that owns barstool sports okay quite a meteoric rise in their share price during covid you're right back to pre-covid levels of 38 you spiked to three dollars when the world didn't know if i guess anything would exist you gamble on anymore uh they also own a bunch of horse tracks i believe so they were really in a max pain situation as those could not operate you trade from three dollars and change to 142 we're back to 3794 you are up 3.8 percent today on that news on an upgrade and yeah now you are talking about a company right now that is valued at 6.3 billion dollars and yeah you know the scary thing about this is and i have a small portion of draft kinks in a retirement portfolio folks only at these lower levels did i start to dabble thankfully um but i mean the the pain has not stopped here it's it's been lower prices we were just trading at 20 this month 21 dollars just like that you lose a third of your investment from where you were april fourth folks uh if you're riding these now draft kinks we just talked about penn six point six billion dollars draft kinks just under six billion dollars okay the two companies combined for only 12 billion dollars of market cap which you could say is undervalued with where gambling is going to go in this country but the thing you have to consider uh kevin hinks has been talking about a lot on his program fast market at noon is the amount of money that they need to spend as that industry is rapidly growing because you're going to see state by state those legalities open up in terms of legalized sports betting in each of those states it'll probably be somewhat of a slow rolling process each time it happens you're going to have to be spending money in those states to secure new customers but with that said there is a substantial future for gambling folks the whole landscape of sports has changed all right over in england you watch a sporting game and they have like the the just like we're traders they have the bid ask up there for a whole in-live sports betting going on right let's say you got the patriots playing the bucks the whole time let's say the patriots are up by seven points while the bid ask will be probably put in the patriot says 60 favorite right so you're paying 60 bucks to win a hundred you're paying 40 bucks if you want to bet the bucks when they're losing there is in live betting the entire portion of the game it's going to change sports as we know it because gambling is going to come into it you have college sports now being changed forever with the name image likeness that is there college athletes getting paid i think that is long past two okay that they get paid uh you have basically college football existing as a league in itself to feed the nfl not very fair with the amount of money they make the colleges the coaches etc finally those students getting paid for the business they are creating the value they're creating but again it's changing everything sports gambling is here to stay forever uh and these are two of the biggest companies that will benefit so keep them on your radar radar because you know you're only talking about companies valued at six billion dollars and at some point the market will assign some future value to the earnings that they will probably be able to recoup uh they're both going to be players in the industry i imagine penn getting the upgrade today but draft king's flat in a negative market all right jumping down the line what else we going going on yeah this one's interesting so cnn plus gets shuttered after a week of its launch i mean you could say kudos to them for for realizing what's going bad and just bailing uh cnn plus shuts down april 30th just one month after launch and i've talked about this in terms of streaming okay now this is is it more yeah there's Warner Brothers Discovery down 1.5 percent right now we take a look at this thing i think they just spun off right yeah this is a daily no so how's yeah see this gets it gets weird because you got the bill huang saga that sent this thing up to 78 bucks you combine with discovery they're at 20 dollars and 26 cents uh the so i talked about on my program um the and i gotta get the name of this company that owns coco melon the private company run by kevin mayor who used to run mire who used to run disney's direct-to-consumer business uh there's there's two avenues here you're either big enough to go for everybody like netflix apple disney maybe amazon prime or you need a niche you need a niche that you can get people like that company in particular um has chosen with children's programming there's not a big enough niche folks for people to pay a separate payment for cable news i mean they really shouldn't be if you're that engrossed in cable news i encourage you to go outside and take a walk or do something man because you know we have a constant cycle of news and it's usually not healthy for your mindset okay it is very healthy to be informed is not very healthy to just watch constant cable news because folks there's not 24 hours of news out there it's just regurgitated news um most of the time now with analysis added to you know cater to whatever demographic you have yeah blippy out there louis exactly um and cnn just makes no sense i watch cnn sometimes you know i don't have hatred for cnn like some people do out there i'm never signing up for cnn to pay for it though folks okay you really um anyway they can't it um that probably wasn't going to play out and it doesn't play out in a week but nonetheless you're seeing a play out on the stock down 1.5 percent stay tuned folks we have a couple other experts to go over right back to 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 instruction from experts at tfnn you'll get advice and guidance from the authority in technical market 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trading at ninety seven sixteen in the gold contract holding pretty much right at about nineteen hundred for the program you're trading at eighteen ninety nine here's what i'll say about gold you're right back to where we were march twenty ninth you're right back to where we were march sixteenth that is the exact six one eight of the run we had folks starting on february third at a price level of seventeen eighty seven you make it up to two thousand seventy eight the six one eight on that gold chart i mean you could begin to dabble folks if you did at least you got a nice area that you could set your stop in you go below that area it's probably nothing stopping this from getting back down to at least about eighteen fifty in the gold contract if not coming down to the lows we saw early this year at about seventeen eighty eight yeah and with that we got another little sell off with the s&p's down one point one percent right now those are three dramatic bars to the downside folks forty two nineteen right now in the s&p's it's not stopping uh when you got shank high getting locked down as i said it's going to be a wild day get those fingers ready for some fast action folks because we're only twenty five minutes into the start of the trading day and uh volatility is going to persist today to say the least we jump over to the vix you're looking at a vixen there's quite a rise man thirty fifteen on the vix from nineteen and change as recently as last thursday that's right duffy we got a man basal chat been coming up and as he loves to say the day is young my friends the day is very young for this type of action especially when we're dealing with what we're dealing with over in asia folks you can't overstate how structurally important it is for china to exist and be open especially when we have inflation raging and that's what the markets really freaked out about man you're locking down cities the size of florida over there nothing's going to be getting out or getting done and we're going to be dealing with the woes of that as we come into inflationary pressure and we come into the fed hiking uh in pretty dramatic fashion yeah i was talking about coco melon right and blippy so it's moonbug how do i forget that one moonbug but yeah i mean you can see the business plan folks i've never even been over here this is the moonbug store you can drop it blippy coco melon apparel they got all this stuff right brilliant ideas uh thanks so much for starting your monday with me folks stay tuned dazzle chap it's up next larry at 11 fast market at 12 have a great monday everybody building wealth trading in the stock market seem