 The following is a presentation of TFNN the morning market kickoff With your host Tommy O'Brien Good Friday morning everybody. I'm Tommy O'Brien coming alive from TFNN just after 9 a.m. Eastern time We got about a half hour to go until the start of trading and markets with some volatility coming off a hot jobs number folks You jump into the number you're talking about they pulled up. I believe we got six hundred and seventy eight thousand Is that the number that is the number six hundred and seventy eight thousand jobs added for February That number hits at eight thirty in the morning markets accelerate higher But just like that we give it all up in them some we're back to forty three sixteen right now. You're up as high as forty three Forty-five at eight thirty in the morning on that jobs number what you also had is you had ninety two thousand jobs added for a revision for the prior two months you add up all those numbers you're talking about Seven hundred and seventy thousand jobs added Overall when you have the two revisions from the prior months you add the number for six hundred and seventy eight thousand for February Wages little unchanged on the month and up five point one percent for the year well Elbow Expectations keep your eye on that one these are in hospitality led job gains followed by professional and business services and healthcare unemployment rate three point eight percent the market was looking for Four hundred and forty thousand with an unemployment rate of about three point nine percent So really strong number man you accelerate higher and just like that you give it up We have a lot going on today besides jobs We jump right into it with the S&P's down forty five points and you're coming right to where we were at about seven thirty this morning Now last night boy that news last night talking about the nuclear reactor over there Russian forces hitting that fires breaking out the market Very worried trading from forty three seventy three you trade down basically 90 points to a low forty two eighty three Yes, forty three Seventy four is that right? Yes, forty three seventy four at seven o'clock and just like that by seven forty five You were down about ninety S&P points two percent. You give it up just like that now Seems to be that at least No radiation leak the fires are out seems that some Russian forces are now in control of that nuclear station Whatever it is worst case scenario of nuclear fallout from that Radiation that could possibly leak from a fire seems to have been stemmed But the market the reason why I bring it out market almost did session lows last night things looked a lot bleaker last night When you literally had the potential for nuclear disaster breaking out I mean you can't overstate that I feel like I'm over dramatizing it But you can't there's a literally a firefight with fires breaking out at a nuclear reactor and you get the market Basically trading right back at those levels after we just got a super strong jobs number with wage numbers that were pretty contain In terms of wage growth well below expectations and you get seven hundred and seventy thousand jobs added between the two-month revision and the headline number Yeah pretty pretty staggering overnight action on that now over in Europe was talking to my dad this morning He was putting out his issue of market insights Quite the acceleration folks you get the dachs down 3.5 percent right now Okay, so it's gonna be interesting to see how we open here now You are seeing a divergence in currencies, so you might see a divergence in markets today, but man We'll see how we open we got 20 minutes and seven seconds to be exact until the opening bell You get the dachs down more than 3.5 percent right now You got the cow coral down more than 3.5 percent right now. You got the footsie down more than 3 percent right now That's some pretty staggering stuff going on to say the least now. We jump over Don't normally kick it off with currency action, but man the move in the euro US dollar That could be part of the reason that you're gonna see some divergence here man The strong strong numbers going on the economy in the US and then unfortunately the geopolitical fallout going on in Europe right now You're much more reliant on Russian energy They will be hit much harder and I don't even understand the true fundamentals of it folks But just think about if you rely on Russian oil that much more it seems like consensus is going where Maybe we're gonna stop purchasing Russian oil or maybe that's already almost happening because of the stigma that's coming with it Okay That's gonna hit Europe a lot more than it's gonna hit the US you add on the jobs Resurgence that's happening in the US right now. Yeah, and you're seeing quite the fallout I mean you'd back it up just to yesterday folks She gave up two full points from 111 to 109 in the euro We take a look at the daily in the euro and you're talking about trading from 114 and change almost 115 Back one month ago to 109 and as you see those bars dramatic bars to the downside there for the euro As you got dollar strength right now and yeah, you're seeing it reflected in the indices over in Europe in a big Factor with as I said all the major indices down about three to three and a half percent right now oops Excuse me. Let me pull back up my futures So it's gonna be an interesting open. I mean you look at where we are right now, right? You had the plunge low on February 24th, but you take that out of the equation and you're basically bumping up to basic lows here I mean you look at the lows we had you got one two three four five days back at the end of January And then you've been shopping around these levels just remarkable volatility folks on a daily basis We got basically a 100 point trading range going on since February 25th Some of those bars approaching almost 150 points in the S&P You're talking about between about 4,300 and 4,400 and yeah, just remarkable volatility We jump over to the VIX right now. You get the volatility index pushing 33 84 crude market trading higher yet again on escalating tensions If possible somehow they escalate from yesterday Crude up $3.90 not getting above the highs we had yesterday but back above 111 at 111 56 right now You get the gold contract up 15 bucks 1950 we make a high in 1954 overnight last night that was one kind of you had the max fear going on with the markets selling off on all the news Spreading about the fire at the nuclear reactor going on you jump over to silver silver's up 20 cents at 2541 We jump over to notes and bonds right now. You're talking about yields Back to 1.76 percent the moves going on in this yield market panel just remarkable And and quite a time for risk off indeed But yeah when the market started worrying about fires as a nuclear reactor folks You traded up a full point and a half You had yields crashing last night as that was going on quite a recoil as news Reports started to break that thankfully it seemed like the fire was not actually at one of the reactors The fire was at a training building or one of the other buildings within the complex going on Quite a fluid situation and quite a fluid situation in the evening When many people available in the US just my friends and I just normal life talking about it right the news reports coming out There was a live stream going on at one point that did get stopped So pretty tantalizing stuff in the age of social media and videos Remarkable the visuals coming out last night much the same but right now we're back at 120 808 I mean you look at to back this up again for some context here yesterday's action. Yeah, we're almost a full point higher folks We were pushing 1.9 percent. We're back to 1.76 percent on the tenure I mean you can see the volatility going on across the market usually I'll have the ability to Jump into a few equities as we will jump around But just giving a summation of everything that's happened in terms of markets moving walking through the indices where we've been walking through Commodities crude oil back at 111 gold up near 1950 the tenure yield back to one point seven six percent And then going over the jobs number right headline number you're talking about again so that you got a grasp of it 678,000 but real number here revisions 770,000 jobs between the last three months that were created we found that out 44 minutes ago at 8 30 in the morning unemployment rate 3.8% and wage growth under expectations That's got to make chairman Powell's morning a little bit easier. We got the S&P's though man it negative 43 Stay tuned folks. We got a bunch to talk about. 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We got 12 minutes until the market opened right now You're looking at an S&P negative by 40 points just ticking across kind of where we've been Since about 11 o'clock last night the lows made it about 43 20 We were up to 43 60 at about 3 a.m. We've given up some of those clawback gains right now trading at 43 19 Jumping back to the jobs number real quick one more thing I wanted to highlight there It's important for the wage growth man as we come into this was one of the big economic numbers all the attention folks now shifts to Next Thursday six days from right now Thursday morning. We're gonna get CPI data for the month of February consumer prices What's happening with consumer prices? Barring any huge surprise there The rates are set that a quarter basis point is coming. We got a Fed meeting the week after that leave it's March 15th and 16th is the deal and Yeah, we'll be getting a quarter basis point hike and we'll see where that CPI data goes But for the wage data here in the non-farm payrolls number as CNBC puts it in a sign that inflation could be cooling wedges barely rose for the month up one cent Which put in percentage terms is nil to nothing to point zero three percent the market was looking for a half percentage gain year-over-year increase five point one three percent well below five point eight percent It's pretty encouraging as long as it lines up with CPI data The last thing we want is wages to stall and CPI data to run hot. That would not be helpful as well All right, let's jump around to some of the other stories that we got going on Been talking about Disney a lot. This one's an interesting one. So Disney they're gonna announce a new ad-supported tier for its Disney Plus streaming service Today they announced on Friday a new ad-supported tier for its Disney Plus streaming service that's gonna launch in the US later this year Several companies have a hybrid tier in the same way Netflix not one of those companies and just on the front We'll see I mean they hopefully they have the data to back this up the new ad-supported tier is going to expand internationally next year And I pulled up Disney and I think that was just kind of the flash low of craziness last night Interestingly you're not getting a lot of reaction to that because that could be a pretty big impact in terms of whether on the good Or the bad side of things Why are they launching that or they they think they're gonna stall out on some of their growth numbers? I mean you wouldn't have an ad-supported network if you just thought you could charge everybody, right? I'm a big business bull But you wouldn't you wouldn't be selling it at a cheaper price and selling ads if you thought you could sign people up at The price that they're paying and to sprinkle it on top the price of Disney Plus is pretty cheap and they undercut Netflix And yeah, they're not keeping up with Netflix on their own in terms of the broad array of content that Netflix has But it'll interesting to see how that shakes out if we get any news if we get any market reaction on the open for Disney But right now Disney negative with the market by about a buck trading at 144 37 All right jumping down to some of the stocks that have action today So Tesla a little bit lower Tesla the man Elon Musk out there taunting Union workers You know this one I just chuckle a little bit. He's already had a battle with Union workers And the way they put it here fell 1.2 percent pre-market after CEO and then must challenge the United Dollar Workers Union to try and organize at the company's assembly pant now when I click on the article here, okay? the amusing part is This is his sweet, okay Our real challenge in the Bay Area has negative unemployment So if we don't treat and compensate our awesome people well They have many other offers and we'll just leave Elon saying listen I already have incentives to be compensating my people well if you build a union That's not going to add to that. I'm already competing in a negative employment unemployment environment. I'd hereby Invite the UA at W to hold a union vote at their convenience test Tesla will do nothing to stop them Well, that's the law folks, you know So, you know, there's nothing too dramatic there in terms of that is the law in terms of what he has to do Nonetheless, you got Tesla a little bit negative with the market. Not sure it has to do with that But Elon the grand self-promoter always out there All right other equities. Let's jump down the line here Yeah, some companies with earnings so sweet green they go public It's the first quarter of the report since they went public in November SG is their symbol and they are doing well You're up four bucks right now in the pre-market. You're gonna pop almost 20% you put this thing back just on a daily though Yeah, how about that slide folks from 56 to 21 back to 25 now? Here's the deal. I always say it Percentages on small numbers can be deceiving. You're gonna be up 20% You're gonna be up 20% on their earnings today and guess what you're gonna break even if you'd bought the stock three days ago Yeah, be careful on that one. Maybe that's a turnaround. I'm not familiar strong numbers from them in their first quarter going public But you're still sitting in 25 and you were trading up at between 45 and 56 the first day They went public not that long ago in November Gap trading hire retailer narrow than expected loss in the fourth quarter strong earnings guidance two cents a share is what they lost Market was worth looking for a loss of 14 cents GP GPS is their symbol Yeah, you want to talk about small percentage percentages on small numbers folks gap They're gonna open up a buck. That's a big jump for a $14 stock It's not a big jump when the stock just went from 37 bucks down to 14 over the period of the last 10 months We're remarkable the winners and losers Costco They had a great conversation on fast market yesterday about Costco talking about Costco coming into numbers you're down 15 bucks on their numbers Decent movie you jump over to the analyze tab right right in line with their numbers Tony folks fast market outstanding program at noon eastern time I talked to Kevin Hinks at this time every Tuesday Wednesday and Thursday one of the thing They stated that I wasn't aware of Costco actually puts out their numbers on a monthly basis So that's part of the reason why you have less volatility when they come out with their quarterly earnings One of the few companies that still publishes Numbers on a monthly basis But still they move about 15 bucks to the downside you jump to 1 547 you're back to 518 We put this thing on a three-year weekly So, you know all things considered you were right coming into near all-time highs Especially when you look at you started last year off at 364 you're gonna finish off this earning season at almost 520 for Costco shares Marvel technologies they were talking a little Marvel yesterday as well. They're lower Marvel fourth-quarter earnings 50 cents a share revenue 1.34 billion pretty close to in line 48 cents and 1.32 is what the market was looking for MRVL is their symbol Back from 93 to 65 and as I said pretty close to in line with the numbers You got some volatility when they come out But you're within about a dollar and that's with the market lower by almost a percentage point as well from Marvel Yeah, Broadcom AV Geo with their numbers. Let's see. We were higher. Let's see if we're holding on some of those gains We're gonna open the market. We sure have we're up at 596 you up to 606 last night now Broadcom again A little bit of a longer-term chart there quite the acceleration man And you're gonna be pushing 600 on the open right now outside of that little run-up You had towards the end of last year in the beginning of this year Pushing right near all-time highs for Broadcom and AV Geo Earnings 839 a share they beat 808 and revenue guidance also became came in above now interesting Best Buy they get downgraded To market perform from outperform. They had their numbers yesterday for Best Buy strong numbers for Best Buy They accelerate from 100 to 112. They're back to 110 this morning. You're down at 108 with the market We are placing our stock recommendation in sleep mode for now is how they put it Raymond James mode Maybe having to do with the fact that you know what you got that 12% pop yesterday You know, you got to take that into consideration sometimes for valuations. You jump over to the analyze tab for Best Buy 26.1 billion dollar company not bad not bad at all All right, folks, we'll be right back for the open We got about 30 seconds till we come into that break right now We got markets S&Ps coming into that open negative 38 as I stated gonna be interesting to see how we open when we have Europe getting slammed man Dax still down about 3.5 percent footsie down about 2.85 percent now Calcara down 3.4 percent right now Stay tuned folks quite a jobs number. We're gonna open in three minutes. I'll be right back for that opening bell. Stay tuned Are you having fun trading the markets? 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That's the most recent data 678,000 all right, but we had 770,000 new jobs created That we didn't know about one hour ago folks in this market and wages are not accelerating now as I stated not the best idea Uh, not the best I should say I guess factor for the market if wages Are not going up in cpi data next week could show that potentially that is happening But nonetheless strong numbers and right now you're sitting basically right where we came into that jobs number It's a remarkable market with everything going on in terms of the influences All right jumping around to some of the other stories Uh, man Dave white had a great guest tim ord on his program yesterday From the old oracle and he was talking about maybe russia, uh, and he had an interesting chart up there Um talking about the rsx now I grabbed it and it was an interesting one and this is from dave show last night folks You can check out the archive on our youtube channel, uh the power trading hour and as I said tim ord from the old oracle He was the one that put this on and I'd saved it because I was sharing it with some friends because we were talking about the potential You know is russia dead are they never coming back? You know, is that the possibility? I don't know Nobody would know us right now. Okay, uh as traders. That's not our astute skill to gain gameplay out Potential for world wars. All right The the bummer of it is I don't see how this is all personal perspective folks Right russia is severely isolated. We all know that right? I don't imagine how this ends unfortunately With russia not being severely isolated Unless you know what have putin in there and then you say well, what's it gonna take for russia to come out of this without putin? That's a bad deal man. Unfortunately, and maybe that's where it goes and maybe that's the best in the long run Um, but that's a bad deal and it may be different than times before when you're talking about rsx now rsx Back in 2009 was down all the way to 686 You see it there now at the time of this chart. I think it was just even early yesterday Maybe it was made on the day before rsx was trained at 719. Now. This is the vanak etf Interestingly, I pulled it up yesterday when Dave was talking to Tim because he's saying he couldn't get the trade off on TD Ameritrade think or swim owned by TD Ameritrade I was able to buy it. I bought a share just to see out of curiosity if this thing was trading still It was sold to share lost my penny commission free Um, but it was still trading and my friends and I last night having similar discussions talking about this etf Um, saying, you know, what's gonna happen with this thing is this thing, you know Probably gonna be done away with by the creators just so they don't risk the exposure of having this thing running As it at a time that you have underlying assets that are almost impossible to peg in value I think I saw reports that the russian stock market closed until next tuesday now at least um Now the news out last night after the closing bell world's biggest russia etf shuts to new cash after losses deep It's the rss folks. That's what they're talking about. You know what the market cap is for this thing Now this is probably as the close of yesterday 690 million dollars. There it is 690 million market cap Has plummeted some 60 percent over the last week alone Okay, now you pull this up man 60 in the last week alone. I guess but yeah, you're down from 33 bucks to five That's a bigger loss than 60 percent folks Okay, now the reason why I bring it up. You're down from 520 yesterday alone. It was trading at 611. Okay Now No more share creations folks Okay, this thing is not going to trade to have anything to do with the underlying assets It's now going to trade much more like a closed end fund But you can have huge volatility all your trading is basically arbitrary Volatility in that thing right now. It is going to continue to trade But there is no more share creation or deletion so to run it over again to get the full complex of it Because if you were thinking about catching a pop folks, I can't blame you Not sure I would be spending my investments On russian companies right now from a moral standpoint We're going to jump over to some of the banks for a story about that as well But the biggest exchange traded fund investing in russia is going to suspend share creation from thursday Becoming the latest to effectively halt inflows as wall street reels from moscow's intensifying assault So venek is halting the creation of shares Significant declines in the value and liquidity of russian stocks in the move and here we go Although the shares of the fund are expected to continue trading There can be no assurance that an active market will be maintained for the funds shares That is a filing on wednesday On tuesday black rock halted the creation of new shares in their msci russia etf er us until further notice And dw s investment and franklin franklin templeton have taken similar actions The creation redemption mechanism is what keeps the supply of etf shares elastic and an etf share price in line With the value of its underlying holdings. That's not happening anymore So if you're thinking about trading this, you're basically just trading a slot machine folks And yeah, you're seeing that drop today. You're coming down to the lows. We had five yesterday So be careful there, but important to understand what's going on They will continue trading. They will have nothing to do with the underlying assets over in russia that it used to And with that we're going to jump to this story because Uh speaking of trying to capitalize off of russian assets, you got wall street pouncing on russia's cheap corporate debt banks head funds bid on Bondstrom gas prom russia railways Uh now this story out last night as well You got goldman and jp morgan Uh these Banks, you know, it's a it's amazing all right says, you know, maybe I shouldn't use my small investment be propping up Russian companies even if I think that's an ability to take money because morally that and then you got goldman and jp morgan saying Give me it all man. Give me it all give me it all now Because I think it's worth money and I don't care if I'm sending money to russian companies To give them money for debt if I prop them up even in the face of sanctions Uh, that's a whole other conversation. I could probably spend a three hour show on in terms of these companies using this opportunity Titan sanctions on russia choke off investor demand parts of wall street are jumping on the buying opportunity It's created goldman and jp morgan purchasing beaten down company bonds tied to russia in recent days As hedge funds that specialize in buying cheap credit look to load up on the assets according to people Um, yeah, I mean banks routinely scoop up debt because clients ask them to write warren buffett's the king of that man You come in on bad situations. You get a sweetheart deal for a company that's in a bad deal You get some crazy amount of interest rate. You get, you know Options that come with it, you know, all that stuff convertible bonds, etc Um, but I don't think you do it when you got, you know, you're propping up the Country that's invading and killing thousands of people and sanctions are flying Um finding ways to wager on distress securities is standard fair in wall street But doing so in the wake of russia's widely condemned invasion of ukraine brings unique risks. They're putting it lightly, man World leaders are seeking to punish some russian companies and cut off And cut the country off from the global financial system And any firm perceived as working against those interests faces potential reputational damage This is what i'm talking about right here We are investors and you ask yourself the question whether you want to support something like that with your own funds And they are plowing god knows how much money folks And here's one great take I thought on it the whole point of the sanctions is to make them in their instruments untouchable And i'm not familiar who this is at that uh Diplas veteran derivatives trader who's at goldman during the 1998 russian financial crisis Saying listen, you know, you were looking for arbitrage opportunities when you had a distressed russian situation in 1998 That's one thing you're doing that now right now A little bit different gonna be interesting to see how this plays out as well We'll talk a little bit more when we get back from the break folks stay tuned Are you in the market for buying or selling real estate in the bay area? 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That's tfnn.com and hit watch tiger tv Welcome back folks. We got the market sliding a bit to negative territory right now You're looking at an s&p. We just dipped right below We're talking about the lows that we were at at about 7 30 in the morning right now You're trading at 43 10 the only thing really below where we're at we break below this level You're talking about almost 42 80 the lows we had at about eight o'clock last night nasdaq 100 Pretty similar territory right down to the lows that we were at basically all of pre-market session And where we kind of settled last night after you got the volatility With the firefight going on at the nuclear reactor in ukraine Thaw off 367 right now. You got the Russell off 20 points right now bitcoin A little bit of volatility back to a 15 minute chart to show the action last night bitcoin There's your seven o'clock action. You trade down about 1500 bucks with the market from 42 5 to 41 again sitting right at that level crude Catching a bit as the market falls off and crude inversely with the market right now higher crude prices going to be a lower market folks 1354 the price in that crude market We are now above where we were last night. Think about that Above where we were last night when we had a nuclear reactor on fire potentially at eight o'clock eastern time You got crude back to 1348 right now and we jumped to gold Continuing to catch a bid man gold was just up to 1962. Let's put gold on a daily right now Well above where we were in june. You take a look at gold on the weekly Now again the highs that we had folks. Okay, january of last year 1962 50 The highs we reached yesterday Sorry, that's last week 1976 and the highs we just had 1962 60 literally right there right there is where we just hit in terms of the highs we had from january. You get above there Uh, it's a straight trip to 2089. We are not far off that level with the volatility We're seeing right now and we jumped to notes and bonds. Uh, the trend is continuing right now folks. You got yields 1.73 handle. We were up at 1.7 1.7 1.9 yesterday. I can't even get it out of my mouth 1.73 we are back to this morning Uh on the 10 year jump around to some of the fang stocks. See how we're trading this morning Get the nasdaq 100 approaching about nine tenths percent in the red right now. You got amazon shares down 1.2 percent We're back with a 2900 for amazon shares. You got microsoft 291 from 303 early yesterday volatility persisting apple shares this morning apple trading down about a buck 50 at 164 We jumped to google shares google trading down about 1.5 percent right now Uh google gives up. I mean that's almost 100 bucks from the highs we had just yesterday on google shares We jump over to facebook facebook flat There's there's there's some volatility for you. Let's take a look at facebook Now this one falls into the mortal moral category potentially as well In terms of investing in facebook not a fan of facebook the product folks But man when you start getting into these levels on facebook You're down from 384 to 202 in an environment of rising interest rates folks You're talking about facebook now pe under 15. I got it 14.97 on this company And you jump over you're talking about a market cap of this company 551 billion dollars. They made 40 billion dollars. I think last year in profit Keep that in mind folks if you're looking for uh Potentially for some value there. I jump over to target Similar conversation I was having with myself almost coming into their earnings strong numbers for target man You jump right at that 302 382 retracement always nice to see an area of resistance Potentially turning in into an area of support right at a nice round number of 200 bucks Target down about a half a percent today. So doing better than the market right now Excuse me uh now I bring it up because target Target's a great company folks and you're talking about a pe 15 not bad Target 104 billion dollar company pe 15 You jump over to walmart Just for some comparison context walmart pe 28 Right, so i'm not deserve twice the pe the target. Maybe you know walmart has quite the reach Maybe they do have more ability to transform some of the areas of growth We've always talked about uh walmart bank of walmart's been thrown out there, right? They have a few other things that they were trying to do you almost had walmart going after tiktok Remember that So yes, maybe any pe of 28 But all things considered if you're looking for some value here as we have the s and p's off 55 We get the naztac 100 just like that we would dip in folks. We're down 163 points right now You got the dow I mean look at we had a little bit of a sell-off going on as we speak put it back to a one minute to see that drop Off and there you go in the last four minutes alone folks You just had the naztac 100 give up 70 points and we're dropping fast and you back things up to where we are Below anything we're talking about outside of about 10 o'clock last night s and p's down 56 points right now We jump over to europe That's as uh the market claws back some of the losses actually you have the dachs down 3.5 percent now down 3.2 But our s and p's are only down 1.3 folks Okay, so keep that in mind as this day progresses and i'm just going to jump over to the forex market to pull up the euro u.s dollar Um because yes some severe volatility there as well man this market you talk about going from 111 to 109 in the span of one day just like that as the euro falls off American strength dollar strength euro weakness dachs down 3.3 percent footsie down 2.6 But man we got our markets now Approaching pulling it back Yeah 1.3 percent in the s and p's All right, what else we got going on jumping back to this disney story because I talk about disney a lot that is for sure They're going to launch a cheaper ad supported tier later this year man I can't imagine what goes into a decision like this because you got to imagine that maybe it's going to eat your own Signups, right? I mean maybe you got something That Maybe I sign up for the disney plus service that's ad supported for the kids Maybe the kids can watch a few ads and I save a few bucks I'm just going through my mind folks of how that goes out if you have such a strong product You wouldn't need to sell ads for it the other flip side of that is Disney already sell ads sells ads. All right, so maybe they're going to be able to make more money by selling ads Maybe that's their deal But they're going to have ad supported later this year Adding an advertising support tier will allow disney to boost average revenue per user. That's what they're looking for there Did not provide a launch date or a price for the new tier but said it would come later this year Now hulu they talk about in here Already offers an ad supported product for 6.99 per month compared with with its ad free service priced at 12.99 per month Here's what I'll tell you from a consumer perspective. Okay. I have the disney bundle Which I believe comes with the ad supported version of hulu and I say I believe Because hulu is pretty confusing I think and I'm a little bit skeptical of going after that same business plan But hey, maybe maybe in the end it makes more money But the reason why I say it is because I'm always finding things that might be on hulu And then I find out it's on like hulu plus or something and I actually don't have access to it um I actually plan on cancelling the bundle of disney plus because Love disney plus do not use hulu or espn plus basically at all now. It's not much more money Um, but you see the difference hulu has going on 6.99 90 a month versus 12.99 a month versus their free one But I think disney plus isn't isn't even 10 bucks Let's see what it is What's the cost of disney plus right now because I have the bundle Yeah, the bundle's 14 bucks a month and I think disney plus costs eight bucks a month Maybe it's 799 or 80 bucks a year for ad streaming. That's as of january of this year. I'm looking at So you're already paying eight bucks For ad free. What are they going to charge you three bucks for ads or something like that? That's the thing that makes me question. Right. They're already an undercut cheap alternative. Well, I don't know. Maybe they jack it up from there Um, what do I use for live tv jeff? I got spectrum in my house and we actually use uh, yeah They got some good stuff But you know what man, you got so much stuff that you're competing for time, right? We'll finish up when we get back, but I love some ozark on netflix right now I'm watching some succession on hbo right now. I'm watching some karate kid on netflix right now We'll we'll be right back folks. 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You can call 877-518-9190 That's 877-518-9190 This segment is brought to you by thinkorswim for more information Just click the thinkorswim banner on the front page of tfnn.com Welcome back folks. You just had the s&p's below 4,300 briefly. We're back above 4,300 We're at 4,304 still negative by about 1.3 percent having a conversation in the den with our man Jeff talking about Talking about whether it's hulu talking about spectrum. So we have spectrum at home and the cool part is We have spectrum But then we have no cable boxes when the time we signed up a year and a half ago We were able to use Roku's as our cable boxes very cool because when you got a bunch of houses Punch a house bunch of rooms in your house. Maybe you want two or three cable boxes, right? You're paying 10 bucks a month to rent before you know it man at boosts You were able to use your Roku now you can see how the battle is on though between Roku and the streaming services The and and the cable providers because what happened was we signed up So we get all our Roku's and then about five months later. They tell us Hey The spectrum app is no longer supported by Roku and we're no longer taking new orders So you could no longer do that deal. Okay, you could no longer sign up through spectrum and use Roku as your cable box But as long as you had done it originally you could still keep the app on your Roku And still use it But they told you don't delete it because if you delete the spectrum app off your Roku You cannot download it again. It's like, well, jeez that was a bad decision. We're locked into that one a little bit Well negotiations persist now. It's back on so they're updating the spectrum app. It's new again There's no warnings that you can delete it. Maybe they're selling it again as well But you see the battles between Roku between spectrum how that stuff plays out Interesting to say the least and yeah, like I was talking about there is a lot of good stuff. Hulu has what's a handmaid's tale A great show on hulu that they've got on there But yeah, there's a lot of time competing for a lot of great content And that's that's you're seeing these these streamers compete man Netflix would jump over finish up the program with some of the streamers down about half a percent right now And disney giving it up. Yeah the market not liking that idea. I don't blame them For the reasons as I stated, you know, if things are going so well, you don't need a lower tiered price folks Especially when your price is already seven or eight bucks I'll be digging into that one But disney down about three percent on that news. All right, folks. Thanks so much for starting your day with me Stay tuned. We got our man basal Chapman. He's up live next with the tiger technicians hour Our man larry pezzavento is live at 11 with trade where you see Fast market at 12 Steve Rhodes live at one o'clock Dave white live at two o'clock and tom o'brien My dad wraps up the week live from three till four. We've got quite a market folks s and p's down 55 right now Stay tuned basal's coming up next. We'll be right back