 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 coming to you live from TFNN 9 a.m. Eastern time 24 minutes to go until the starter trading and right now folks we get the S&P's negative by 13 points it's Tuesday morning I had to calibrate my brain I wasn't even sure if it was Tuesday or Wednesday there's been so much market action already folks will jump right into it NASDAQ 100 negative 57 points right now you look at the action overnight S&P's rise to almost 4400 you sell off to 4330 you talk about volatility folks I mean two in the morning to where we were basically between about five to seven eight a.m. this morning you're talking about seventy seven zero S&P points from the highs made last night and then we bounce more than 30 S&P points up to a price level of 43.65 right now you're trading at 43.56 if you take the action where we were last night put a little Fibonacci retracement on where we were you rise almost right up to the 50 percent of that move lower and as I mentioned you're talking about a move of about 75 points from the highs last night to the lows Dow off 117 points right now 33,726 bitcoins up $2,600 on the session we just had a 45,000 handle on bitcoin you're talking about more than $10,000 from where we were just Thursday remarkable volatility continues you talk about volatility crude how about a 101 handle so much for a 90 handle on Friday a 101 53 handle on crude you take a look at the daily quite a relentless charge higher not sure that that is going to wait anytime soon you put this thing on a weekly man it's just been a one-way trip from where we were just recently on December 20th you're talking about highs and I think I saw it talking about highs highest level in like eight years maybe yeah you're talking about again because you just eclipsed the recent high going back to yeah 2014 probably on crude prices and it's a critical area when you're coming into $100 man you fly past $100 $147 150 is just sitting right out there and the way things seem to be escalating in Ukraine unfortunately not sure how that situation resolves itself in any good way to put it lightly markets though doing pretty well when you're down just 10 points in terms of some of the headlines that continue to come out about the geopolitical stuff going on in Ukraine now let's jump to gold gold top 18 bucks this morning trading at 1919 and how about notes and bonds and jump over talk about some volatility man and pay attention to this bond market because they're talking about in the den they're saying maybe the bonds know something I would pay attention with folks because boy you just had bonds now we're sitting at about 1.78 percent you are on your way to 1.7 percent at 1 28 20 okay we just fell back 20 basis points and that's after rising at two in the morning you traded up a full point and 20 ticks that is quite an exodus into notes and bonds folks you get the 30 right now up a full tick but you just gave up more excuse me a full point but you gave up more than a point you traded from 156 12 up two and a half points from two in the morning to 159 but even just taking a look at the tenure man you take a look at this volatility now this is just a raw chart over from CNBC let me size this up it's not even sized right one moment I mean what to pay attention to folks okay because this correlates to the yield okay is that we're talking about a yield that was at 2% February 25th it's barely March 1st and we just almost hit 1.7% you just almost lost 30 basis points in the yield in the 10 year I'm choosing my words wisely here which is why I'm pausing at moments because that is fear folks that is fear and when you read some of the headlines going on right now in Ukraine it is a situation that is escalating to full fledged war and I don't know how Putin gives up until he takes over that country which is a sad deal and that is going to mean some rising escalations in a big way but you just had 30 basis points in the span of about a week from 2% down to 1.7 we've bounced now to 1.78% but boy keeping in mind okay as that's happening okay we have non-farm payrolls coming up on Friday it's Tuesday you get non-farm payrolls March 4th and then next week in seven trading days next Thursday March 10th we get inflation data CPI and then the week after that we get a Fed meeting March 16th and 17th with all of that in line you have the yield on the 10 year going from 2% to 1.7% now yeah you've recoiled a bit you're back near 1.8% but boy now jumping over to some of the headlines I mean have you seen the headline about the 40 mile convoy of Russian vehicles unfortunately heading north of Kiev not good news folks and not good news how it persists as Putin digs in here and things you know I don't have any grand illusions of peace talks unfortunately of Putin going well and not sure how that plays out but pay attention to this note and bond market because you see the headlines out there and you match it up with what's happening in that market and it does not spell good things right now for what could take place in Europe I mean how does it end I don't know how it ends right now other than very very bad scenarios that I don't even want to game out in my head right but you're seeing some pretty radical moves right now on the 10 year and that's just going back to what we did from two in the morning right in terms of the mood you had 125 29 you traded up three full points almost and that is what happened in terms of go from 2% to 1.7 I've stayed on this topic for a couple minutes but pay attention man that is some fear in this market in a big way when we have rates coming at us okay and they are coming folks we're sitting at 1.7% we're going to be back to 2% at some point but the fear right now in this market is that things are going to escalate over there and that's why you're seeing all that buy-in coming in to notes and bonds surprise you have not seen the level of sell-off that might correlate to the rapid rise or rapid depletion of yields higher prices lower yields over in that market all right jumping around to what else we have going on because that headline speaks for itself man 40 miles they thought it was about 17 miles I guess this is a private company max our technologies additional ground forces deployments and ground attack helicopter units seen nor in southern Belarus less than 20 miles north of the Ukrainian border just bad stuff ramping up things not going well for Putin I was talking about it yesterday you put him in a bad spot and he is in a bad spot right now as things continue to ratchet up isolated rush is going to be so isolated they're going to be so isolated and they have to be because what they're doing but trying to game out it's not a game in any way but trying to figure out an end game for this is is becoming increasingly more difficult without lots more bloodshed or what so I think that's what you're seeing in that note and bond market it's going to be interesting to see how the market reacts today in light of the ratcheting up it seems of everything going on yeah I mean all of these headlines right Ukraine heading for more brutal phase of war more brutal phase I mean there were pictures out there man of yeah this is probably the one in Kharkiv right of one of those huge buildings getting hit there in Kharkiv that's probably the images they're showing right there just tough stuff across the board yeah I got plenty of headlines for all of that stuff but we're going to get into it folks we get a lot of equities we're going to talk about target when we get back from the break well we'll be talking about Matt Kevin Hinks actually when we get back from the break but we're going to be talking about target target accelerated higher you're up by 27 bucks on their earnings this morning we had some other companies to cover you got Kohl's out with their numbers up a bit up to about 5650 Domino's Pizza their CEO he's going to be stepping away and stepping down down a bit for Domino's but we'll be coming back we'll be talking to our man Kevin Hinks from TD Ameritrade Fast Market folks stay tuned I'll be right back in three minutes 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 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 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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 and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors welcome back folks we have the s and p's right now negative by 14 points nasdaq 100 negative by 63 you looking at a dow negative by 127 let's jump over to our man kevin hicks every trading day folks noon eastern time on tiger tv tv ameritrade network fast market with your host kevin hicks tom white they break down the day's market action they walk you through hypothetical trade setups folks you're talking about defined risk you're talking options kevin hicks where do we start this morning man good morning good morning cameo brian yeah there's a lot going on we we've got earnings we've got economic data and we've got geopolitics uh taken over so there's something for everyone in this market today tommy but you know it seems like overnight the market's weakened and then they seem to firm up as the u.s. markets open each day so uh i don't think what's going on in in ukraine is anywhere close to being over a lot of traders thought honestly that it would be over by the end of the weekend and but the resiliency of the ukraine people has been nothing short of spectacular it's it's actually quite um inspiring to watch so that being said the reality of the situation tells us that maybe they just prolonged the inevitable not um stopped it tommy so there's still a bunch of risk out there there's a lot going on in the market right now so you know these markets and the risk off sentiment look at the tenure yield one seven seven on the tenure you know crude all now over a hundred dollars you've got the dollar back up over 97 you've got gold higher every risk off asset is higher vixens 31 so those metrics right there the risk off assets and i include the dollar in there as well and now you can include crude oil they're all telling us that nothing is finished yet tommy it's a great few minutes man i agree with basically all of it if not most of it and and yeah it's a sad deal over there man the courage of the ukrainian people the courage of the president over there and the leaders um but man you see those those headlines coming over man and it's tough to be too optimistic to put it lightly which is a sad deal um the 40 mile convoy out today all this stuff and russia doesn't seem to be letting down at all and i don't know how it ends man and in anything resembling good um which and you beat me to a kevin the tenure which is what i was going to come at you with uh next um how about that move man we would just add about two percent yield kevin i got a chart of the 10-year uh futures up here in the thinkorswim platform friday i got to print a 125 29 we trade up almost four full points bringing us back to almost a 1.7 percent yield and then you add on to it right we get jobs on friday we get inflationary data with cpi march 10th and then we get a fed meeting coming up after that obviously this has a lot more to do with what's going on i imagine ukraine and russia but what's your take on yields almost dropping to 1.7 outside of this with you know the jobs and then the inflation and then the fed how how i think we get your own pal talking tomorrow with some fed speak as well and how that plays into things Wednesday and Thursday drone pal gives his Humphrey Hawkins uh testimony so yeah there's a lot going on here and i think listen i think the the action in the 10-year yield and in the 10-year note future is purely a function of risk off right now it's a safe haven you can see it in commodities you can see it in vix and uh gold it is risk off right now now could that change throughout the day yeah i mean the 10-year hit 173 overnight so it's already higher you know off it flows so i mean i think what your viewers should focus on is this movement play for movement if you're bullish bearish i think this market is going to move and it's going to move quickly and violently in both directions frankly so overnight markets are always going to move uh you've got to just keep powder dry keep moving things in and out and uh i don't think volatility is anywhere near uh gone tommy yeah i mean the overnight if these moves they almost don't look as large because they're all in comparison to moves on the same chart that are even larger somehow but overnight you trade down almost 80 points in the s and p and then you pop more than 40 points in the s and p and we're within 12 points of where we started last night of the close uh with all of that in mind kevin we do have some earnings going on this week we got some good ones what are you guys going to be talking about at fast market coming up at noon like fully i was going to do a presentation on dollar tree the discount retailer as we're going to uh this time of year on the calendar tommy we start looking a lot at retail right we've already had some big ones out target out this morning incredible news out of target and here's something else for your viewers to think about it looks like it appears look at the action in home depot look at the action in target right in two different directions what was the common theme the guidance home depot beat on earnings beat on revenue but guided softer and they hit the stock target actually missed on revenue not by a lot but they missed but their guidance was so strong that that the stock is leaping uh this morning so i was just on with oliver renick and uh i said we may be coming to a ship where now guidance is the most important part of the earnings release not so much earnings per share not so much revenue but guidance how they see the future is now becoming the most important part of any earnings release tommy yeah it's remarkable how much uncertainty man across the board right as we come out of a pandemic we're still dealing with so many inflationary problems we're still dealing with so many of the supply chain issues that there's there's just divergence man from good companies to bad companies management playing a role your sector playing a role um pretty interesting to see it playing out in dollar tree uh you talk about inflation man this stock on a run from about 83 bucks to 140 and change a lot of that having to do with they don't have to charge a dollar anymore kevin they can charge upwards of uh increases let's just say and i think that run began when they said basically nobody cares as in they're still buying even if it's above a dollar uh so it'll be interesting to see what they come out with uh in terms of what like folio has to say as well well kevin we appreciate the time and the conversation man we got a lot going on and we'll be watching at 12 noon for fast market today you have a great one man you too Tommy thanks for having me on thank you folks tune in every trading day 12 noon eastern time fast market kevin hanks tom white they do an outstanding program folks and this is a great time to check it out because you got so much volatility like kevin was saying in the market especially if you're ever into options uh very very difficult to trade options when you're trading with the vix of around 12 and chains etc we're at 31 right now folks all right might be difficult to be paying premium sometimes on the moves um but target for instance you jump over to the analyze tab $13 and 90 cent move was all they had priced in in either direction okay in either direction that was the move as of the price last night on options so you were looking at about a seven dollar cost for an at the money put and call even in this high volatility premium environment that were in target had a move about 14 dollars in either direction okay so if you're directionally choosing you had to be about seven bucks for an at the money put it to the call and what do we got going on today we got target up $27 uh so still getting some some kind of moves but a great time check out the program they'll be talking about uh dollar tree and yeah as I said really interesting some of these companies as they're able to jack it up I talked about Chanel recently right jacking up the price of their bags uh and and it's really interesting right now that even on the upper echelon and bottom echelon okay if you're at dollar tree uh it's probably uh just straight out right poor members of society that don't have as much money you do have very price conscious shoppers in there sometimes they're in the medium but you spend it all the way up to Chanel jacking their prices up people still pay dollar tree jacking their prices up people still play it paying that's a problem with bringing inflation down when people are just paying and companies realize it and jack it up we'll be right back for the open folks stay tuned are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com the tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the den and surround yourself with these sharpest minds in the trading world subscribers to the tiger's den are also the first to have 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fifty almost two dollars till 830 and since then since 830 folks were up a buck fifty in crude but yeah you're going to have some volatility anytime you talk about volatility folks friday to today ten dollars so there's some movement you talk about thursday i mean i have to recall right you got ten dollar moves in crude going on right now in both directions once twice three times in the span of less than a week that is some volatility folks but it's probably deserved because the headlines going on over in ukraine as kevin said i hate to even utter the words it seems like they're almost prolonging it um because russia i mean just the might that they have unfortunately uh is tough to put up against if put in is really bring it at all and it seems like he is which is what's so worrying over there uh and you're seeing crude pushing new highs on the headlines as you may expect okay let's jump over to the companies with earnings we kick it off with target strong numbers for target man you're up 13 percent for target jump over to the headlines for target we'll scroll up to the top here i was checking out the article reporting a jump in fourth quarter earnings saying its results will continue to improve on the top on top of the pandemic related boom now here's where the key was operating profit in the current fiscal year will post a percentage gain in the low single digits expectations were that it may decline adjusted earnings will expand in the high single digits and that also exceeded estimates uh and as kevin was talking about guidance 2022 guidance okay operational improvements are proving to be sustainable or we're at cost control this is what i want to get into operating income will amount to at least eight percent of the sales this year that outlook eased worries expressed by analysts because guess what they were worried about costs coming under pressure shrinking margins it's clear that the company has more control over costs than the street gave it credit for um they expect profit to vary from one quarter the next generally improve as the year progresses in the fourth quarter 319 versus 288 how about comp sales rising almost nine percent the expectation was for 10 it's just amazing how they keep rising these comp sales even off staggering numbers i mean folks this is off a comp going back a year ago in 2021 when already things things were going okay in terms of comp sales for some of these companies most of the gain came from an increase in traffic average transaction less than rose less than one percent so just more people coming in they're basically paying the same amount on average uh yeah we certainly see the inflationary cost pressure this is their cfo talking we have a lot of levers to pull within our business to make sure we're protecting value for our guests price is the lever we pull last nonetheless man they're going to be able to take some money the bottom line that's what the market was worried about most you spike from 200 to 225 yeah i was talking about this company yesterday uh the 382 and the 618 folks you got to take a look at them because they're nice areas anytime you get that type of action hindsight's always 2020 um but nonetheless you've bounced a bit you're up to 225 still well off the highs of 268 recently in target we jump over to walmart shares they're up basically one percent as well you take a look at the 15 minute uh probably on the heels of target if they're doing well walmart probably picking up some of that same action as well walmart up one percent right now we also had coals out with their numbers coals up 6.4 percent we jump over to the headlines on coals better than expected outlook as margins withstand supply chain strain upbeat outlook calling for net sales to rise two to three percent operating margin of 8.6 two years ahead of schedule that's a quite an operating margin with everything going on uh two to three percent is what they're looking for net sales to rise the market was looking for 2.2 earnings 220 versus 212 revenue slightly under but pay attention to this because this is going to be a common theme most of the time the market would be worried about revenue you want to be growing your business and you want to be getting your cost under control but in the long run you can be losing a little money if you're growing that business because eventually you can make some margins on your revenue that's the thought wow what happened no coals make sure that they made more money than the market was worried about and they took in a little bit less but nonetheless net income for the three month period 299 million or 220 a share compared with 343 a year earlier but earnings beating estimates and they're going to carry sales grow through uh active wear business world has changed folks active wear is here to stay uh they sell nikey they sell under armor per fiscal 2022 coal seas earnings per share 7 to 750 market was only looking for 655 the market's very worried right now folks about whether supply chain issues cost pressures are going to eat into profits for some of these companies and and how they're going to guide going forward related to that and related to whether they're going to be able to carry the growth that they've seen prior or whether it's going to completely wane all right we get into the flip side of things now check out this zoom zoom spikes to 112 last night uh very short-lived spike and just like that you're flat right now at 130 266 you jump over to the headline for zoom disappointing revenue forecast for first quarter and full year uh they do a ton of business folks in terms of where their multiples are i was talking about it yesterday probably still pretty attractive even at these price levels if you're thinking about a longer term position to at least begin to scale in all right and we don't have a zoom on my um newsletter folks I do have a small portion in retirement revenue growth has slowed as employees started returning to office company ease their purchases of software for remote work fiscal year 4.5 billion dollars basically is what they're doing analysts we're looking for 4.7 there's your miss there uh you get into earnings a buck 29 versus a dollar oh six zoom is such a growth company though versus coals they are more concerned with growth and revenue versus earnings revenue increased 21 percent from the year earlier period think about this think about where zoom was in march of 2021 okay and they're still growing at 21 percent well the market price did a lot more growth than that i get that okay um they're also going to change how they report some of the analytics within their company which is always a little bit worrisome to put out the bear case uh they said had 509 800 customers with over 10 employees all right that's down from 512 100 in october but guess what they're going to stop telling you that as of this quarter uh though the figure will still show up in its investor deck through the end of the year what's happened over time as we see this tremendous growth online is the channel it started to kind of overlap there which is why we don't think it's really the appropriate metric to use any longer going forward instead they're going to disclose the number of enterprise customers and the net dollar expansion rate among those clients reflecting how much they're increasing their spending it now has 191 thousand enterprise customers up 35 from a year earlier and the net dollar expansion rate is 130 percent so this this is not the good case of what they were talking about so they're going to stop telling you about companies that are larger that they're losing numbers for okay they're not going to tell you that they're losing customers they have 10 employees or more anymore and they're going to tell you about the statistic though that's growing 35 percent a year and net dollar rate is 130 uh take it for what it's worth folks but zoom up about a percent even on those numbers might 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that's tfnn.com then hit watch tiger tv welcome back folks we got the markets barely in the red right now you're looking at an s&p negative by three points and aztec 100 barely read by 20 let's jump around to some of the fang stocks see how we're trading right now you got amazon down half a percent down 15 bucks at 3056 facebook shares down about six tenths percent right now 209 you jump over to apple apple shares up half a percent 16593 google shares this morning basically flat i'll see how netflix is trading right now down about eight tenths percent from netflix we jump around to some of the other companies with their numbers uh before we finish out the list i wanted to talk about auto zone continuing to rise azo is their symbol 1933 you take a look at the three-year weekly man you're coming up right near those highs again remarkable right the stock last year 1200 to 2100 you pop about 3.7 percent barely a pullback when you look at the run this thing had last year for auto zone trading up 3.3 percent as they beat on earnings and on revenue they made 22 30 a share versus 17 79 and they took in an extra 200 million percentage wise it's staggering man 3.37 billion versus 3.17 200 million bucks extra revenue um and as i said percentage wise that's quite a number kroger let's see if they're holding on to the gains they were higher pre-market they are up about two percent for kroger shares not sure i'd keep track of that trend line folks i was playing with this yesterday a bit uh i have no position or feelings on kroger i've only been in that store once or twice and i had a horrible experience so even though the chart might look pretty good that's a bullish formation man in terms of higher prices you got higher highs and higher lows on that chart without even drawing it right um but really tough for me to get into that one when i just had a really bad experience in kroger um but i'm used to public's and public's is all about good experiences but they charge you for it sometimes that's for sure as well in public's footlocker so they continue to get downgraded here goldman becoming the latest wall street firm to downgrade uh footlocker after their disappointing results last week yeah as i was saying on friday man there might not be a place for footlocker um somebody brought up in the tiger's den uh tower records does tower records exist anymore they may i'm not aware of them uh they used to have a multi-floor presence in the city of boston god knows how much that rent cost them uh doesn't exist anymore if nike is going to be again selling their sneakers more direct to consumer and if you're going to have big retailers i mean how does footlocker compete with a company like target if they sell sneakers their footlocker wants to sell i don't know but you can see how there's really not a super place for them if malls are going to change dramatically and they're not going to be able to sell in the same degree uh the big popular sneakers that they used to nike i mean they were living dying on nike and uh yeah i mean take a look at this chart folks you're below where you were in terms of most of chopping around the pandemic in terms of you're sitting at 30 bucks and that's where you chopped around for the better part of 2020 footlocker workdays trading higher today they beat uh yeah 78 cents versus 71 and revenue beat as well there's a longer term chart on them they're up 4.7 percent pulling back from 307 let's take a look out of curiosity where this thing traded back to on a fibonacci retracement 50 on the dot uh i almost prefer the 382 of the 618 folks sometimes it uh it's very clear how stocks can turn around at those price levels let's see hp hpq they're a little bit lower uh they beat on earnings sales topped i'm guessing maybe outlook or cost hpq let's just say they're trading up about 2 percent and let's check in on some of the other companies zoom now slightly in the red right now on their numbers and we'll finish it up to see how targets trading up about 11.3 percent given up a bit of the gains but still above 222 all right jump into facebook so facebook now called meta basically down half a percent this one was an interesting one i was over on bloomberg this morning and uh bloomberg business week so i maybe this is the march issue um metaverse finally has a killer app poker that perked my attention up if you're not familiar played plenty of poker in my time folks i was playing it mostly online pretty much almost exclusively online um for many years as poker rose from the years of 2000 moneymaker when did he win the world series of poker uh 2000 2001 something like that the poker boom started um timing is everything sometimes folks right i was just coming out of college i'm 22 you get disposable income you have freedom uh anyway i've played a lot of online poker and thankfully fortunately done pretty well so this perked my attention uh and it's interesting so decentralized i'm not familiar with this uh decentralized buoyed by casinos where players gamble for a chance at crypto wealth always interesting to see how things are going to evolve here now here's the article they're talking about it's out this morning uh business week technology decentralized is buoyed by casinos where players gamble for a chance at crypto wealth now the interesting part is the legality of where this falls okay because you're playing for digital tokens okay well you can go play fake poker for digital tokens if you want but then what if you want to turn those digital tokens into something else and what if somebody pays you for the right for those digital tokens which they consider have value well in the metaverse digital things are going to have value that's already taken place right we've seen the articles um about virtual real estate getting sold for x amount of dollars right what's the difference what's the difference in being able to then play games for virtual things which you can then trade for other things that's how the metaverse is going to work and that's what's being happening right now um in decentralized so again i read about this early this morning at about six in the morning folks uh one of the busiest metaverses today is decentralized visitors enter the virtual space through a web browser choose an avatar and they're transported to a vibrant digital hub where they can tour a replica of southerly's london art gallery attend a virtual paris hilton concert or visit jp morgan chase company lounge featuring a portrait of jamie diamond himself as it turns out though the place most people visit is the casino welcome to the internet folks uh so i'm trying to fast forward here because i don't have time to read the whole article it's a great article um but what they talk about is that here's the part the four poker rooms into central land frequently host about half of the people in its metaverse at any given time i'm going to have to check this place out um so decent into central and the poker paulers known as ice poker are run by a company called decentral games which doesn't possess a gambling license in the u s and argues it doesn't need one gamers aren't directly cashing out chips for money after they play um this is the company's c o o yet experts say the system exists in a gray area well there's a lot of gray areas that companies have exploited to become very profitable uh any contest or prize prize predicated on buying in constitutes gambling um but it's it's it's a murky area and i imagine regulators are going to try and clamp down on this all right folks um and i'm not telling you go over here and gamble because you over there and somehow put your money into this um doesn't mean you might be getting it back decentral and is a fusion for the two most sought after themes and technology uh the metaverse and web three people buy and sell the apps custom currency okay this is the key here mana i've heard that before but i'm not familiar which has a market value of 4.7 billion dollars that's why i've probably heard it some 600 000 people use the app each month uh and has captured headlines they had um dead mouse in there doing a concert huge electronic dj really interesting to see how this is going to shake out and i'll finish this conversation up when we get back um but yeah they talk a little bit about internet explorer was was launched in 1995 and over the next couple years you had 15 casinos ballooning into 200 online gaming folks uh online gambling online poker i'm going to finish this up we've got a couple tidbits to finish this up uh online poker actually in the original bitcoin source code before it was released did not know that we'll talk about it we're right back 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 and technical market analysis and it's 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