 The following is a presentation of TFNN. The morning market's kickoff with your host, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, company live from TFNN. Just after 9 a.m. Eastern time, we got about 24 minutes to go until the start of trading and you have markets giving back some of the gains of Friday's acceleration into Monday's acceleration hire. We make it to a high last night, about just when the futures close at 5 o'clock, touching the highs we had at about 3 p.m. Eastern time. At the level we were at at about noon Eastern time, we were up near about 39.80. We're 50 points off of that level right now. You're technically negative 41 points on the session. That's exactly 1.03 percent. Pretty close to 1 percent in the red for the S&Ps. NASDAQ, growth stocks, negative 1.7 percent. You get Snapchat. In a moment, everybody talking about Snapchat, rightfully so. Down 30 plus percent. We'll see where it's trading right now. That's hitting all the social media stocks. We'll jump to those as well. NASDAQ 100 off 200, Dow off 6 tenths percent. You're about 185 points in the red. You get the Russell negative by 14 points. Crude sitting pretty comfortable at the 1.10 price point. Gold up again, up $11 coming near the highs we had yesterday. Gold at $18.59.90. We'll call it $18.60. We jumped to notes and bonds. We got a little bit of higher price and lower yield as the 10-year is up 11 ticks to 1.1930. We're inching towards a 1.20 handle on the 10-year. You jump to the 30-year, up 23 ticks right now at 1.4101. We jump over to the VIX. The rhetoric last night in the Tiger's Den was we've gotten two days of upward action. The rebound from Friday into Monday, that's the last time we got a bounce. It lasted about one to two days. Where's the projection to the downside? And we're kicking things off, folks. Negative 1 percent right now. Not good news from Snapchat. We'll see if it's industry-wide or we'll see if it's company-specific. A lot of speculation with the way the stocks are getting hit. Macroeconomics is what Snapchat blamed. And industry, along with macroeconomics, hitting Facebook, Google, Pinterest, the likes. We'll jump into that in a moment. You get the VIX inching towards 30 yet again. 29.24. OK, Snapchat. Here we go. Oh, it's continuing. We're basically at lows right now. You are off $8 on this equity. It was at $22.47 yesterday. Now, you're not going to see this when I put it back on the chart. We're trading under $15 right now. I'm going to back things up for a full context of when they go public. OK? I believe that's $20.17. Remarkable that they've only been public for that time, I guess, going back to monthly. So five years ago, you're coming right into where they went public. And that is prior to their earnings, folks. You're going to open, as I said, at $15. And you can see you're kind of matching up with the lows that we had towards the end of 2017, towards the beginning of 2018. That's also the same area that you were at coming into COVID. At the end of 2019, you accelerated to a low during COVID of $7.89. Accelerated to $83. You put it back on a daily. I mean, it's been quite an acceleration from the highs of last September. Again, you're going to open at about $15 this morning. And yeah, it's a tough one for Snapchat. We'll get into what they said in a moment. But Facebook, you're down $16 for Facebook, man. You're at $180. The lows recently are $169. There's your action on the snap news. Down to $177. You're sitting at $180 right now. The pain continues for Facebook. We jump over to Google. Yeah, they're down, what, $100? Yeah, $100 almost on Google. $21.38 from $22.33. Pinterest, I'm sure, is getting slammed. Yeah, Pinterest down. What is that, 20%, 2250 to 1830. So we jump to Snapchat. Social media and some digital ad companies, OK? Tumbling, Snapchat issued a warning to investors that it would not meet its own targets for revenue and earnings in the current quarter since we issued guidance a month ago. Did you hear that, folks? Since we issued guidance April 21st, 2022, the macroeconomic environment has deteriorated further and faster than anticipated a month. You tell me they had no idea this was coming? I mean, yeah, the month has been pretty volatile, to say the least, OK? Things are changing quickly. But since they issued it, the macroeconomic environment has deteriorated further and faster, the company said in an SEC filing. So you got Facebook down. Roku's down as well. We didn't pull them up. Twitter's down as well. They're also going to slow hiring, I saw on there, at one point. Not sure if it's listed in this one. Maybe not. But a little bit of a wake-up call. Now, in terms of, this is the Bloomberg article, OK, talking about you add up all these companies, you're talking about $100 billion in market cap combined between Snapchat alone is going to give up about $10 billion in market cap, a third of their value. But Facebook, Google, all of them combined $100 billion plus in market cap that you're going to see deteriorate. And a lot of the analysts in here, so this is where you need to make your decision if you're going to be an investor or you're going to be selling it or you're going to be buying puts or you're going to be buying calls or straddles. At this point, our sense is this is more macro and industry-driven versus snap specific. That's Piper Sandler, one of their analysts. You have a city analysts agreeing, slowing macro, impacting advertising results across the broader internet sector, although we believe platforms more exposed to brand advertising like Twitter, YouTube and Pinterest are likely experiencing a greater impact overall. So what happens there? If you're talking about brand advertising, you're talking about the ability to advertise for brand awareness without needing performance. And maybe that's where the likes of Twitter, YouTube and Pinterest are more volatile is what they're saying. Yeah, and Snapchat's always a tough one, man. I use Snapchat occasionally, even friends on there, but I kind of don't ever understand the attractiveness of buying ads on there, considering the moment I see anything resembling an ad on Snapchat, all I'm doing is pressing the button, the screen to the right side of the page to get through it as fast as possible. Now, the one thing I'll say is there's a lot of talk out there on the internet, the tiger's dead everywhere. My friends are chatting about it on our group chat this morning about the insider sales going on at this company over the last couple of years, et cetera. Evan Spiegel, the CEO, along with many executive selling, those sales, a lot of them having to do with reportedly planned sales from the executives, chat with my dad this morning and be interesting. If anybody knows, are those plans public when they get put in place? I know all the sales become public the moment they make them, but is the actual plan that is put in place public prior to the sales? I'm not sure that's the case because then you might be able to front load the transactions that you know are coming down the line. I'm not sure. I know they're made public. I know that that's something that needs to be filed, but is it public? If it is, I would be very interested because I said to myself, folks, yeah, there's nobody that knows a company better than the executives on the inside. If you know that the company had great things going, if you know that growth was kinda coming down the line, you were confident that it was coming down the line, you wouldn't be selling that much. The other side of that is for some of these growth companies, it would be foolish for some of the executives not to diversify their wealth once they reach a certain threshold and level. I mean, you have executives with millions of shares at 80 bucks, that's talking about $160 million of wealth. At 15 bucks, you're talking about 30 million. And as remarkable as it is in 30 million, even after taxes, you're set for life, but it's not 160 million, man. And when you're talking about growth companies, I mean, you saw Zoom, they did it. You gotta pay attention to these to a certain degree because the Zoom executive was selling as well, man. Everyone's always a genius after the fact, folks. Many companies have those plans in place. I wouldn't put too much into it. There's a lot of details that go into it. Stay tuned, we'll come back with our man, Kevin Hicks. We'll be right back. At the time of booming inflation, where your purchasing power is eroded, there's no better place to protect your hard-earned money than in gold. This, the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This, the gold just completed the Monk Todd Feasibility Study, which resulted in a 7 million ounce gold reserve in a 16-year mine life. All of this, combined with the approvals of all major operational, as well as environmental permits. 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At tfnn, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit tfnn.com and try Mastering Probability, 30 days risk-free today. Tfnn, educating investors. Welcome back, we got the S&Ps folks, negative by 38 points right now. We have the NASDAQ, negative by 193, the Dow off 167. Let's jump over to our man, Kevin Hicks. Every trading day, folks, on the TD Ameritrade Network right here on Tiger TV at noon Eastern time, fast market with your host, Kevin Hicks, Tom White, the team at TD Ameritrade Network, they walk you through the day's market action folks, break down hypothetical trades, you're talking about options, you're talking about defined risk in every trade that they set up. Kevin Hicks, good morning. Good morning, Tommy O'Brien. This is gonna be an interesting day with several news stories filtering through the markets. You know, it's interesting. You fought yesterday and the earning depth of the bell and Zoom video and Best Buy and even stocks like Ralph Lauren this morning were gonna provide some bumpy waters. But a lot of traders didn't see snap coming out of nowhere to jolt the markets with some bad news. So I think there's a lot of traders frustrated on desks today going, really, it's snap that's gonna upset my day-to-day. So that's pretty interesting, but that warning was a couple of things. It was significant and it was significant how quickly it seemed to show up for them. So, but Zoom, better than expected earnings, Best Buy, same-store sales, better than expected, Ralph Lauren is higher, but snap is gonna hurt in, you know, it's gonna hurt Facebook, it's gonna hurt Pinterest. It's gonna really be interesting when it goes to Twitter and the prospects of that takeover deal. So there's a lot going on, but this week, Tommy is back-weighted, as you know, with economic data, Fed minutes tomorrow. So this is gonna get interesting, but we're really watching, Tommy, for your viewers. It's really interesting to watch the US dollar. And I think that is what is very carefully and slowly firming up this market is the correction or off-it-tie trade in the US dollar, Tommy. Yeah, so back to Snapchat for a second. Great analysis as usual, Kevin. Remarkable, I talked about it very briefly at the beginning of the program, but I said their guidance was April 22nd, I think. You're talking about barely a month, four weeks to change dramatically. They had to see something in that data, man, over four weeks to come out so strong and the market a little worried. But I agree, I mean, I was saying, Kevin, I use Snapchat in the most limited capacity, right? I have friends on there, occasionally, somehow you're chatting on there, somehow you're chatting on Instagram, you're chatting on Facebook Messenger, or you're texting, right? And occasionally you're chatting on Snapchat. And I have no idea how they make money, man. Now I know they have followers, but maybe it's not as industry-wide because I always kind of struggle to see how ads there. Now, brand advertising obviously plays, but I'm clicking that button as quick as I ever can on Snapchat, man, because everything is so meaningless when it comes to ads. Nonetheless, it's gonna hit because they're talking about slowdown to advertising and their advertisers are advertising on the other social media sites. You talked about the dollar and you've been talking about when you've been coming on, Kevin, what if yields are sitting kind of where they are right now? Maybe in, what is it? Six weeks, eight weeks, a couple months from right now. And we now have the tenure, we're at, what, 1.1930. I'm gonna pull it up on a thinkorswim platform on a daily basis. You're sitting where we were, April 11th. So we're a solid six weeks out from where we were and we're talking about a yield of about 2.8%. That was rising above three at one point. Give us your take on how maybe these note markets might be settling a bit and if that's playing into what you're seeing in the dollar index. Yeah, I believe that, you know, a lot of the correction that we've seen in terms of rates, remember, the 10-year yield is at 2.8%. Well, the Fed funds rate, all they're doing is raising the Fed funds rate up closer to where the 10-year yield is. The benchmark for interest rates in the United States and in Europe is the 10-year yield and its relationship with the 10-year boon out of Europe. So those are the rates you should be watching. Remember, what the Fed funds rate is, it's just the overnight rate that banks loan to each other. So that rate is really playing catch up with our 10-year yield, which has corrected enormously over the last year, as you know, from down from 1.1% where it was last July to 3.1%, now sitting around 2.8%. So, you know, the Fed fund, the 10-year yield and the 10-year note corresponding 10-year note has done a lot of the work for us already in higher interest rates. The question is, we live in a trading world, though, Tommy, where we get overbought on the upside and oversold on the downside. Electronic trading is taking these quicker and faster to different levels. So it's not surprising to me that the 10-year yield is settling in here at a rate less than 3%. Yeah, I mean, it's pretty cool. We had the dollar index, right? It was going up to about 105. You're under 102.50 today. And I have the chart up of the 10-year, Kevin, on a weekly basis on the Thinkorswim platform. And you mentioned the 10-year, so is that 1.1% about it? Was that at that July kind of high in there, which is remarkable, Kevin, but that's not even the low where the 10-year was. When you look at the depths of COVID of 2020, you had a 140 price point on a couple occasions. You reached about 135 the high in July of last year. You make it down to 117, man. And we're sitting at 119 and change right now. So it'd be interesting to see where that does settle. And we have a bit of a bounce. We're up almost three points from the lows. And over that time, you've seen the dollar index trade down a few points from 104 and change to 102. So with that in mind, Kevin, you mentioned, we got Fed Minutes tomorrow. We got plenty of earnings coming down the line this week. What are you guys talking about a fast market coming up at 12 today? Fun show for you today, Tommy. First, we'll look at snowflake on an earnings play. Then, like fully, I'll do a presentation on big sporting goods. They have earnings coming up. And then in the final segment, we'll stay very current and look at Facebook and how it's trading today. So three good names today, two earnings play and well, something in the news with Facebook. Yeah, Dick's sporting goods, man. They were a big winner during the pandemic from 13 bucks to 147. I remember telling the story, Kevin, when COVID first hit, I think maybe May of that year, maybe his mother's day, I can't remember. I was trying to buy sneakers for my fiance at the time. And for the first time, there's a super early, right? Now we know the world's changed forever in terms of, but I did the order and pickup sitting outside in my car. And I couldn't believe that they brought out a pair of sneakers like they bring out an outback steakhouse order sitting on the curb. And Dick's was rewarded, man, up to 147, but just like that, they've given back half of the price down to 73 bucks. And like you said, they got earnings coming out this week and we jump over to the analyze tab. And they're looking at, Kevin, a $9.97 move as of the close yesterday. So almost a $10 move on a $75 stock. What do you think of some of the volatility premiums in general on some of these equities? Zoom yesterday, I think you had a $20 move for a $90 stock and it almost moved $20, Kevin, on the number, pull back a bit. What's your general take on some of the volatility on some of these equities? We've got about 30 seconds left in this segment. Yeah, Zoom got up to 107. I mean, Dick's Sporting Goods is much more than 10% expected move. The moves are getting big. But then again, Tommy, you've got a fix around 29. So not really surprising that some of the moves are big. Yeah, this is a going into summer. This might be another fun summer to trade with high volatility, Tommy. Folks, as an options trader, man, Kevin, your program, you got some volatility premiums. Whether you're selling them, whether you're buying them, it's pretty interesting, man, as we say. Kevin, we appreciate the time. As always, man, we'll be watching at 12 today. Have a great one, brother. Have a great day, Tommy. You too. Folks, stay tuned. We'll be right back for the opening. 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Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. Markets are open. You have the S&P opening down just 1% right now, negative 40 points at $39.30. You get the NASDAQ 100, negative 223. You're up 1.9%. We'll jump around to some of the fang stocks this morning. You get the Dow off 160 points right now, trading at $31,693. Let's jump around to the stocks we were talking about. We'll kick it off with Snapchat, 35% gone overnight. Quite a hit, man. You jumped to Facebook. You're down 7.7% right now. You jumped to Google shares, 6.2%. That's putting some impact in the NASDAQ 100. Facebook, Google, Mammoth companies. Let's jump to Twitter. As Kevin said, how's that gonna hit? What's going on with Twitter? Down 2.8%. For Twitter shares, Pinterest is always volatile. Man, down 18% for Pinterest shares. Yeah, we'll see how this one plays out, man. But tough go-around. You jumped to the flip side of it. Zoom shares, you're up by 5% right now. Now, they had some strong numbers, man. I mean, you come in with these numbers and you're only up by four bucks. I mean, you were barely positive. Now, the market is negative by a percent. You got Zoom up by 5% right now. You jumped to where 91.45. Zoom was trading at, in the pre-market, you're trading at 93.10 right now. You take a look at their numbers, man. Strong, strong numbers, considering what they've been announcing. Company reported five straight quarters of triple-digit revenue growth during the pandemic, but expansion is now more challenging. Bottom line is 103 a share, versus 87 cents revenue in line as well. For the second quarter, they now expect 1.115 to 1.2 billion. That'd be growth of 9.2%. Market was looking for 1.1. So a slight beat there. The company anticipates earnings per share in the range of 90 to 92 cents, higher than the 87 cents the market was looking for for the full year. They expect revenue of 4.53 to 4.55. The market was looking for 4.55. Pretty close. It expects earnings though, from 370 to 377, market was looking for 353. So it looks like Zoom, at least, is not getting hit in terms of the earnings front, in terms of spending too much money to make the money you're making, plowing through your earnings, like the retail stocks, Amazon, Walmart, the social media stocks today. Strong numbers on a stock that's been disappointing for the better part of a year, if not longer, and they are barely positive, which says a lot, folks. Now I say barely positive, yeah. You're up by five bucks, okay? But you're trading at $94, and this thing was at $5.88. This thing was at $400 less than a year ago. So yes, you're up 5.3%, but boy, there are some serious headwinds for even stocks that are reporting strong numbers in this economy right now. All right, and I think we have a caller. Who do we got? We got my dad. What's happening? Good morning. What's going on, Tom? How you doing? I'm doing good, man. How you doing? Good. You know, when I was listening to you talk to Kevin Hinks, right? Yes. This is pretty weird, man. I'm going to snap because I believe you said that the last guidance was April 14th or 15th or 17th or something, right? April 22nd, I believe. April to so barely a month. Yeah, so watch. The numbers they came out with is the first quarter, which is June to February March. So it's like, you know, what's really going on with the company? Because when I was listening, I looked at this this morning and they were blaming inflation. They were blaming, they were blaming things that I can understand, you know, if you're a company that, you know, is selling food, is selling something like this, but they're a platform, man. You know what I mean? It's like, okay, where's the inflation inside the server market? You know, so this, I mean, I can see when you were talking about the advertising, there's a problem there, man. It's a big problem, too. I mean, you know, just financially, I think. Meaning, you know, if they, if the earnings lift for the first quarter, they come out in April, they know what was going on, you know what I mean? So it's gonna be intriguing. And I suspect what that's gonna be, which I said to you when we were talking a little bit earlier, that snap, if you look at that snap, folks, okay, it's breaking a B point. It looks like it's gonna be an ABC down to $9. So this thing's not over for snap either, which is pretty wild. Yeah, and it's continuing to drop as they open, man. You're down 37% right now. You're basically making lows as we speak at $14.10. So they're not stopping selling it. And yeah, they say, here, man, the quote, April 21st is the exact date. Okay, so that's when they had their last earnings. The macro, since we issued, the macro economic environment has deteriorated further and faster than anticipated. And then you have analysts in here, you have one Morgan Stanley analyst. I'm just reading the CNBC article, we're talking about that they expect online ad platforms to feel some impact as advertising is cyclical. And if they're getting hit, man, everybody's gonna be getting hit with the advertisers they have. So, I mean, there's some great conversation in the den saying that Snapchat will probably cease to exist at some point. And I would be hard to argue against that as in, do they really? And as we speak, it's now with a 13 handle and the market's trading lower too. You get the S&Ps almost negative by 50 right now. Let's just see how Facebook and Google are trading because they're really getting hit as well. Facebook down 7.6% and Google down 6, 5.8% right now. Yeah, that's amazing. I mean, yeah. It's just, everybody's gonna get hit for sure, but if I was gonna be buying any social media companies on this pullback, it wouldn't be Snapchat right now because on a longer term basis, I don't know if they serve a great purpose. As in that space is so hard anyway, when you got new companies like TikTok competing, et cetera. And then you're competing with Facebook and Instagram and the likes of it. As in I just, I use Snapchat occasionally, man. I just, I don't even enjoy it practically. Like sometimes there's stories on there, right? And I don't even know what I'm trying to look at or it's weird, it's a weird. Yeah. Anyway. And the ads. Well, you know, it's amazing. So at every pullback that like something like this, okay, this is a major pullback, that you can really, you can relate to. I'm a, the 2000 pullback, the.com deal. There'll be plenty of companies that are out of business that we won't eat. Well, you might hear from again, but they're gonna be companies that are gonna trade the two or three dollars for, you know, until they go out of business. They don't go out of business, but that's it. You know what I mean? It's like, wow, man. I mean, because it seems that, you know, in the tech stock, it's a normal deal. When you run them up, you run them up in an incredible way. And what other type of business can you have to lose money for so long? And, you know, Mark and Cap keep getting higher, right? I mean, it's like, yeah. If people were buying a business on Main Street, they wouldn't pay the amount of money that they're paying for some reason for public companies. It's always intrigued me that if a company's in front of you and you know it's doing good, but you're multiple, they're never the same as a public company, you know what I mean? So, and then when they implode, they implode in the monster away. So, I mean, how about Rivian? I just pulled up Rivian, they're down 4.5% today just because it's probably such a volatile stock with how the economy is trading right now. But Rivian, we're always joking, right? And I guess we should have been paying attention, man. When you have companies getting pushed out with a market cap of 80 to $100 billion before they start making any products, that's kind of a lesson to us all of probably getting ahead of where the market needed to be on a stock like that. Even if they're gonna change the future, man, let's have them make some cars first and push them out before they're worth $100 billion. Right, because you have to make money to stay in business. And what happens in a atmosphere that we have right now, it's gonna be a lot hotter to basically go to market to get bonds to say to yourself, like yesterday I heard you talking about Elon Musk. He's going to market right now with SpaceX for like $1.7 billion, $1.5 billion, some big number. Because that's, and it's so pitch up. He'll still be able to get it. But Rivian's and all these other weaker companies, it'll be different, you know? It's tough, Rivian will probably be all right because they got a Amazon. I'm sorry. Rivian, here, hang with us for two more minutes after the break, all right? Yes. Okay, we'll be right back, folks. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater 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. 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An investment in the fund is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. Don't forget, you can listen to TFNN, live on your mobile device, 24 hours per day. Go to tfnn.com and hit watch Tiger TV. That's tfnn.com and hit watch Tiger TV. Back folks, we got the S&P's negative by 50 points right now. We're on the line with my dad and we're talking some electric vehicles right now. We're talking Rivian. So I was saying, dad, that is pretty interesting. Amazon though hasn't sold any shares yet of Rivian. So I know they're talking about it in the den. I'm saying, you know, you go to market and there's plenty of companies that hadn't made money, right? The difference though is that when you're putting evaluation on that company, it can vary so greatly when you're not even making a product. And that's the scary part, that you come into this at the end of a 12 year bull run, they go public in, what is it? November of 2021. And I mean, talk about right in the history book, right? Of course you go public if you're a $100 billion company and you haven't even made a product yet in November of 2021 at the end of a 12 year bull run. That's like the peak. Right, exactly. I know, that's like the peak of the marketplace. I mean, when you look at the market, when you start looking at charts folks, okay? You're going to see November is really the peak. I mean, it's like, it's amazing actually, I know. You just can't do that in a bear market. Can you imagine if they tried to come to market right now with those types of valuations and they didn't even make a car yet, let alone any money? We all know how that works. I mean, they'd probably be lucky to even get it off at all, let alone with a price of 26 bucks right now. But in the long run, they'll probably be okay. They're a great company. They can be a great company with a great product and you haven't even made any money yet, but you just got to be careful of the valuation. That's a lesson folks, because Amazon hasn't sold any shares yet. And so that's kind of the cool part. If you're thinking of being in this equity, but I'd still be careful because you're now 4.2% today. So you're dealing with some volatility. Yeah, because what I'd say is that the Amazon revenue deal, that's almost like part of their business, meaning of their future business, that's what their figure is. So that's a little bit different. And as to pullbacks, I said, if I've learned anything, and this was from the Amazon deal in 1999, this is the guy, if you're looking for good stocks, I mean, Amazon went down 90%, man. Yeah. 90%, it's like, okay. You know, so that can happen, but if you're a cutting-edge company when Amazon end up doing it. I just zoomed in on the chart. I just zoomed in on the chart. It's a total mindblower. I just zoomed in. You went down 90%. I just zoomed in on the chart. I just zoomed in on the chart back from basically just from 1998 to the collapse into 2001. And it's wild, man. You'll have to pull it up on your program because it goes from $8 and change in 98 up to 110 bucks in 99, pulls all the way back to $41 in 99, in an August of 99, makes it all the way back up to 113 in December of 99. And then the whole next year goes straight down to 10 bucks over the next year from 110. And now we know it's trading at 2,080 bucks even right now down from 3,700. So not a lot of people remember that because it's been a bull run for Amazon over the last, what, 10, 15 years or something like that. Right, right. Now there's no doubt, there's no doubt, you know. But I agree. That's, I mean, they're diversifying to make sure, man, that they can have the vehicles needed when everybody wants an electric fleet of vehicles and they're gonna make sure that they have 100,000 Rivians. I think they signed another deal with one of their competitors, right? That hit Rivian when it was revealed that Amazon has another stake. But all it means is they're making sure that it's worth it to them to have the fleet in five or 10 years. When every delivery company or business is gonna wanna be able to have a fleet of electric vehicles that can deliver their products, man whether it's drones, whatever it is. Yeah, there's no doubt. I mean, yeah, I mean, yeah. It's not only the way we're going. It's between the electric and then between just the, no one driving them. You know, autonomous. Exactly. Coming at you. I mean, and you can imagine the amount of money that actually those companies would save it. It's gonna be huge. It's gonna be absolutely huge. And, you know. Now what's crazy is Amazon. I was just gonna say, check it out. So Amazon on a monthly, going back to 2018. All right. The high in 2018 was 2050 and 50 cents. So called 2050. We just came down to a low of 2048 on this month, touching remarkably September of 2018. So almost going back four full years for Amazon. We'll see if that's where it holds, man. You know, but quite a pullback. Well, you know, when you talk like anecdotally for Amazon, the day before yesterday, right? Monday, we're drinking some champagne and we needed champagne glasses, right? So I went on Amazon, right? Bottom line, you know, I wanted some nice glasses, but there's all different kinds of glasses. The cool thing that, I mean, I know we all know this, but in this case, the price differential was so amazing. So water foot glasses, they were looking, I was looking at all the difference. Bottom line, there's four glasses. And you had prices like from $49 up to 100 and something for four glasses. Well, I got the $49 ones, right? They're amazing. So Waterford has like a different, there's a different, probably a company, but it's made by Waterford. We got them last night. They're amazing. And I was looking, I said, I don't believe, I said, look at how fast we can find out where everything is. And in this case, because probably it's not like buying a pair of pants, it's real, you know, competitive, it wasn't competitive, but guess what? I got great glasses for 50 bucks less, a $30 less than every other price out there, man. It was like, and got them delivered close to the next day. You know, so I was like, yeah. And listen, I have Amazon retirement account. You're getting a little bit of the bull case, but I was saying to my fiance the other day, right? So we order sneakers for Tommy, right? So he, StrideWrite has some great kid shoes, especially he's got some big old feet, man. So he's got some wide feet. So we get in the wide shoes, which StrideWrite has. Just like his old man. That's right. So there are some StrideWrite's that are available on Amazon, okay? But not as many options as if you just go to the StrideWrite site itself, okay? So when I'm going and when I'm almost buying anything, I say to myself, can I just go to Amazon and buy that product? Which is surreal when you think that StrideWrite has their own website. They're probably making more money if you just go get people to go through themselves versus running it through Amazon. And then, but the service is always so poor. So walking through what it went with StrideWrite real quick. And this happens across the board. My fiance, she said, of course, you know, I always try and see if I can order it through Amazon because number one, if you're a pride member, you get free shipping. So I'll tell you what happened. So we wanted to get them shoes. We had a weekend coming up. It was Thursday. I found a couple pairs I liked. They offered overnight shipping. I think we were doing something on Saturday. I said, maybe they'll show up if they don't it's not the end of the world. Got two pairs of shoes. They're like 50 bucks each. And because we had an event on Saturday, I said, okay, maybe they'll get here. But it was weird. They had overnight shipping, which was $24 folks, okay? But then it said one to three business days. I said, that's kind of a racket, right? One to three business days for their $24 overnight shipping. Okay? So I said, what the heck I'm gonna try because even if they get it out today, maybe it shows up Friday. It was like one in the afternoon. Maybe if they get it out Friday, overnight gets it here Saturday by two or whatever. Maybe it happens. If it doesn't, the shoes are great. Not the end of the world, right? So what happens? When do the shoes show up? They show up on Tuesday. And I was like, what is going on? And I call and they were giving me nothing of it, man. No, no way they were giving me back shipping. Nothing. I said them, listen, you guys are crazy. If you think I'm paying $24 for something that you call overnight, it takes you three days to process it. What company can process an order? You're telling me that I'm doing direct orders from you on a Thursday and that order isn't shipping. Number one, it should be shipping on Thursday, okay? Right. It should at least be shipping on Friday and they said to me, well, sir, we're closed on the weekends. So what is going on, man? But I mean, that's a normal thing for companies. You know, like Stride Raid isn't failing miserably. Like it's very difficult to compete with companies like Amazon, even Walmart can barely compete. So, you know, in the long run, yeah, it's a tough deal for those competitors and Amazon has an edge. All right. Well, thanks for calling in, man. We'll be looking forward to the program at three o'clock. Great, well, talk to you later. Love you, man. Okay, bye-bye. Talk to you there. We'll be right back, folks. Folks. 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This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. We got the S&P's negative by 52. You got the Nasdaq, man. You're talking about negative by 2.5%. Let's jump around to some of those stocks with action. This morning, man, you have Snapchat down 40%, folks. 13.54. The day is young, as our man Basil Chapman says. Coming up next, we jumped to some of the other social media companies. Facebook, 9% hit. All these social media companies. Now Pinterest, 21%. Google, 6%. Facebook, Google, really hitting. The Nasdaq 100, I imagine Twitter, only down 2.2% for Twitter shares. All right, so we got Davos going on these few days. And I'm gonna jump to a comment from the Co-CIO of Bridgewater. So Bridgewater Associates, one of the smartest firms out there, Ray Dalio. I think they're firm. They have the numbers down here. What are they up? They're up. Let me see what they're up. Yeah, so the world's largest hedge fund firm runs Pure Alpha 2 Fund, which jumped 26.4% through April this year, folks. That is staggering. Now here's what you have. Is you have, let me scroll up to the top to get the exact person this is here, Bob Prince. Okay, so I believe he's Co-CIO and getting into his quote here. We could very easily be into this very quickly. That's Prince Co-Chief Investment Officer alongside Ray Dalio and Greg Jensen, said on the prospects of stagflation. We could very easily, folks, it's not hard to imagine, okay? Imagine that you start hiking rates, right? You have the economy slowing down and meanwhile there's such supply chain issues going on that the people with the actual goods are still saying, give me more money for those goods, regardless of what's happening to rates, right? I'm not saying it's gonna happen, but you better be aware that this volatility could persist and when those supply chain problems go away, maybe then they go away. But rate hikes might not solve that problem. You saw some of that yesterday when we were talking about Stiglitz, the Nobel Laureate out there, saying that supply chain was the issue and that the Fed doesn't need to crush the economy to bring down inflation, because that might not be the issue. Pay attention to those factors as we go into a potentially volatile few months, if not longer than that. We get Fed minutes tomorrow, folks. We get the markets down 60 points right now, 39, 12 in the S&Ps. You're coming down to the area we were at pre-market. Interesting area we're gonna hold. We'll find out NASDAQ 100. Well below that level, folks. We just dropped 150 points from the open. Stay tuned. Basil's up next, folks. Have a great Tuesday, folks. Thanks for tuning in.