 Good morning, Marcus Kickoff with your host, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, company live from TFNN, 8.30 AM on Thursday. Big day of news. We're gonna get it right as we speak, folks. We're gonna get first reading of second quarter GDP. We're waiting for that number as we speak. We're also gonna get weekly jobless claims. Right now, you're looking at a market in negative territory, but off of the lows we had overnight, the S&P is negative by 25 points right now. You see the chart I have up there trading at 32.27. No real volatility yet, as I mentioned. As we wait for those GDP numbers out at 8.30 AM, market looking for somewhere in the neighborhood of maybe a 34% pullback from the year prior. Right now, S&Ps, as I mentioned, down about 26 points, NQ futures down about 102. The Dow off 238, finally seeing a little bit of volatility as these numbers come into view. S&P's ticking down marginally at 32.24. We were actually as low. This is a five minute bar as we're looking at 32.10. We were sitting at just at 7 AM, so the market had clawed back some of the losses we had, putting this again on a 15 minute to see the week of action. Last week, of course, 32.84 the highs. Last night, quite a day in the market, as we charge higher right into the close, 6 PM Eastern time, the S&P's as high as 32.57. And we just trail off for the entire night. You have the DAX down in a big way as well. Let's see what Germany is right now in terms of the EU. Yeah, DAX down 2.4% right now. FTSE down 1.6. Cat Caroll down 1.3. Over in Asia, the Nikkei down about 3.10%, Shanghai down 3.10% as well. Okay, here we go. Perfect, the numbers starting to come in. So we'll start it off with weekly jobless claims. That number pretty much right in line of what we had expected. Staggering numbers though, folks, when you think about it, we have settled. We're settling right now at every single week. Initial jobless claims, weekly jobless claims 1.434 million, the, I think they need sound in the den there, Al. Do they have no sound? Maybe they can do that for the den, there we go, okay. We've been on Tiger TV, now we're in the den. Weekly jobless claims 1.434 million, 1.45 million was the expected on that number. And also waiting for, there we go, okay, the GDP number, 32.9% GDP plunging by the expected number was 34.7. Pretty close in line. When you're talking about the GDP getting cut in half by possibly 35%, and they pegged it 33%, but it could have been worse. And nonetheless though, the market's ticking down a bit. We've lost about four or five points. We'll zoom it in. There's the 830 bar as we drop about seven points now from 32.29 to 32.23. Jumping around to commodities, crude oil, $40.61. We made it to a low of $40.34. Gold contract off $10 right now. How about it, folks? We were within $1.60 yesterday, $1.60. We were from that 2000 price point, but we don't get there. We don't get there. Talk about some volatility, right? Look at this, two o'clock to four o'clock volatility yesterday. You go from 1969 to 1998 by 250, and then these are five-minute bars, folks, five-minute bars. You trade from 1998, and by three o'clock you're trading at $19.69, you lose $30. Gold holding up relatively well just under these $2,000 price points at $19.66. Notes and bonds right now, getting a little bit of higher price and lower yield. We are breaking away from this area, folks. Check out this chart I got, right? You correlate to the recent highs we've had. And look at this, we're in territory that we have not seen, except for the rapid spike we saw correlating to the market lows. Very remarkable, we got the 10-year approaching 140 right now, and you see the highs we've had recently, whether it was in April, whether it was back in May, whether you're talking about where we've been ticking across for the month of July. We are now above those levels, and to see where we're sitting at on our bonds, what's our yield currently? Let's pull it up real quick, 0.55%, yeah, with the higher number in that price, the yield 0.55% on that 10-year as we climb higher in price, and the market's pulled back a bit. All right, what else we got going on? Big day across the board, we got earnings in a big way we get, Apple, Amazon, and Alphabet, all after the bell tonight. Those companies alone represent 13% almost of the S&P 500, S&P 500, 500 companies, and the three of them combined represent about 13% of the market cap. That is because the three of them combined are at about $4 trillion in market cap for just the three of them. Interesting that the S&P's pretty much settled, I mean, you look at this, right? Look at this daily chart we're on. Talk about some context here, folks, we're down 27 points on the session, and we are sitting right near basically the highs we had, we're about 175 points off the all-time highs in the S&P at $33.97. All right, yeah, as they're saying in the den, it's remarkable where we sit, man, Jimmy's saying so down 32% is better than expected. Cause for celebration question mark, that's the million dollar question, folks. Expectations are everything, but pretty remarkable that the GDP can shrink by 33%. The market barely moves about four or five points, and we're within about 45% of all-time highs, square that one in your head, folks, good luck. Okay, jumping around to some of the companies with earnings this morning. Comcast reports strong internet customer growth, 10 million signups for Peacock, I had mentioned. I'm a strong bull in Disney in the long term in a big way. Peacock, that's a big number for NBC Universal, ad supported streaming service, Peacock, which has seen 10 million signups since its launch. Big numbers there for NBC Universal, Comcast, checking out their chart this morning. CMCSA, I believe, what are we doing? Yeah, there's your volatility. So you go from 44 all the way up to 46.89, back to about 45.09 conference call. Beginning right when we came on the air at 8.30 AM, excuse me. Yum Brands, Taco Bell, how about it? Yum Brands, same store sales fall 15%, a company says trends stabilizing in June and July. This market, it knows how messed up things are right now. I would say what it cares about most is tell me what you're doing in the next three to six months, as is usually the case, right? But more so important right now, as I was saying, we know that things were very bad, but how are you seeing things as they come back? And let's see where we go. So digital sales, a big driver, the dramatic improvement in sales from the initial impact reaching an all time high of 3.5 billion in the quarter an increase of more than a billion over the prior year. Same store sales trends were open stores stabilized in June, just a few points short of flat. So for the stores that were open in June, they lost barely a few points. And these trends have continued into July earnings, 82 cents versus 54 revenue just above at 1.2 billion versus 1.19. Let me get some of these notifications off. And Yum, we'll pull up there, stock, there you go. It's a tough world, folks. You spike higher at 96.89, the conference call began at 8.15. But nonetheless, we're about $2 lower in Yum at 94.83. Pretty slow morning in the markets right now when you think that we just got weekly jobless claims at 1.4 million. That's just, I think that's the 19th straight week of a million plus initial jobless claims. We got a GDP number for the second quarter down 30 plus percent. And nonetheless, the market's shaking it off down 23 points to VIX right now, 25, 64. Stay tuned, folks, we'll be right back in three minutes. Many of our new listeners have heard about the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable moderated atmosphere. Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TFNN.com. TFNN has launched our brand new website. You can still visit us at the same TFNN.com URL. But when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, foresight 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 for the latest market information. Back folks, S&P is negative by 26 points, the NASDAQ negative by 93, the Dow negative by 236. Again, pretty muted reaction on quite a news drop, the S&P is just chopping around between about 32, 25 and 32, 30. Again, lows overnight, made it about 6, excuse me, 7 AM of 32, 10 in the S&P, so we're just comfy right where we traded to at about 3.30 in the morning. Okay, jumping around to other stocks with action this morning, Dunkin' Brands second quarter revenue falls 20% as customers make fewer visits due to the pandemic. Dunkin' Brands, Dunkin' Donuts, huge in the Northeast, of course, hometown Boston. Yeah, you gotta be affected, right? When you think about the lines that build for those companies, people on the way to work, I wonder how that coordinates just itself. Myself, being at home a lot more often, I'm making all my own coffee. I used to be at Starbucks, whether it's Starbucks, Kawa coffee, they got a lot of those. Dunkin' not as big down here in Florida, but yeah, I'm not visiting those places at all basically, if very few compared to normally. So Dunkin' down about 20%, getting into the numbers there. For the second quarter, Dunkin' said net income fell to $36 million from $59 million a year ago. Revenue fell to $287 million from $359 million last year. But I'll pace the estimate of $277 million, and what is it, what are they? D, what is it, Dunkin'? DNKN, yeah, DNKN. So there you go, we're gonna open, where are we? We closed at 71.68, we see some volatility, but right now you got a bid ask of under 71. So a little bit lower on Dunkin' for some context on this stock. Almost a full recharge from 76 to 38. We're gonna open at about 71 on Dunkin' shares this morning. Okay, UPS, talk about doing well, delivering packages. We all got packages showing up at our doors. UPS shares soar 11%, how about it after reporting a surge in quarterly revenue on pandemic-led demand? So we'll jump over to their chart first, UPS. There's your pop from 124 up to 138, conference call began just when we came on the air, I believe. That's right, 8.30 a.m. Eastern time. But you're talking about $13 higher, about 11%, as it said. And let's get into what they reported here. Okay, net income rose 4.7% to $1.77 billion in the quarter ended June 30, excluding items, $2.13 a share, beat the estimate of $1.07 revenue, I mean, it's just staggering. 13.4% growth to $20.4 billion in 90 days, this is folks. And the estimate was only $13.48. They managed to find $3 billion in revenue, additional over the estimates in 90 days. And I say find, right, they got it done. It's a tough time to be operating and kudos to them. And they're trading higher as a result, 11, 12%. Speaking of trading higher, Procter and Gamble trading higher as well. Consumers buy more cleaning products. Organic sales grew 6% during the quarter for P&G. And North America and China, more consumers were buying its household cleaning products. Company expects sales growth of 1% to 3% for the fiscal year of 2021. Earnings per share of $1.16 revenue, 17.7%. The market was looking for just under 17. Procter and Gamble, the maker of many, many products that we all own. So we're pairing some of those gains up to $1.32. We're back to about $1.30. 23 conference call beginning at about $8.30 as well. Some context on this stock to $94 during the initial rush to negative prices. I mean, there's some volatility. Then it climbs back all the way to almost pre-COVID levels. And you still get some volatility all the way into late May down to about $111. But since June 29th, you're talking about a stock trading from $1.15. We're now going to open above $1.30. And for some context on Procter and Gamble, that's going to be an all-time high, folks. Quite the chart for Procter and Gamble. Things really take off. What is that? April of, yes, April of 18. You're trading at 75, basically a straight shot to 125 before COVID hit. And we're now going to open at the $1.30 level for Procter and Gamble. Let's check in on some of the stocks with earnings earlier this week. McDonald's with their numbers putting it in. So out with their numbers early Tuesday. And we're chopping right around that level for the last two days. This morning though, we're going to open a bit lower at $194. We were at about 202 prior to their numbers. How about L-brands yesterday, right? Charging higher to the tune of about 30%. They're going to be trimming their workforce. They got a plan to get Victoria's Secret together to stop burning so much cash, but 19 to 26.66. And speaking of runs, how about Kodak in both directions? Up. We're back to almost 40, folks. We're going to open almost $7 higher in Kodak from 30. That's like 20%. People didn't learn their lesson yesterday. I mean, even at, and I joke because guess what? There was a lot of money made and lost on these types of moves. But this is going to get looked into, folks, because bottom line is there was still some huge volume going on. You see the blocks, right? Look at these blocks towards the end of the day. Yeah, let's zoom it in. We're dealing with 15 minute charts, all right? And how far back? Where are we? Let's see how far back we can go. Let's go for a 10 day, 30 minute, all right? Look at these blocks last Monday. Okay? Now, these are half hour bars. We're going to go to hour-long bars. So we can say hour-long bars, what's getting traded? So for the hour, you see the volume numbers we have, 3,000 for some hours, getting traded, 11,000, 2,000. These are hours, okay? Tuesday, 6,040, 20,000. Most hours, there's a few thousand shares getting traded of this equity. Fast forward to Monday, okay? This is prior to the news breaking, folks. 178,000 shares traded at 10 in the morning. Again, look at these totals for the day prior. Nothing over 20,000 for an hour. And you kick off Monday trading with 178,000 shares in the 10 o'clock hour. 50,000, 233,271, 300,000, and 306,000. To end the day Monday, prior to that news being released, the numbers come out Tuesday. You don't got to be a genius, folks, to say somebody knew something. The stock goes from $2 to 60. Greed is quite an emotion, folks. And you're going to see this come out, it better come out. It better be looked into because there was a lot of action there, as we all see it. But today, it's still rocking and rolling. We're at about $40 on Kodak shares. All right, folks, head on over to the front page of TFNN. Check out my new newsletter, Rocket Equities and Options Report. 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And if you don't like it, cancel it, request that money back guarantee. No harm, no foul, and I appreciate the opportunity, as I said. All right, let's jump back to what else we have going on. How about TikTok? How about $2 billion in the next three years, as it takes on Instagram and YouTube? So TikTok, of course, in the press, in terms of owned by China's ByteDance, a lot of allegations in terms of privacy, China. But man, oh man, they got some dollars, $2 billion for creator funds, as they look to take on those social giants. All right, stay tuned, folks. We'll be right back in three minutes. See what else we have on tap for Wednesday trading. Back in the day, I joined Hotel California in 2006, and like many of you, was drawn in by bam, as well as... Whatever you think about, you bring about whatever. You focus on growth. You see, I believe that everything in life happens for us, not to us. And Tom ignited the fire within me to want to learn how to master the markets. 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That's TFNN.com and hit Watch Tiger TV for the latest market information. Folks, we have the markets trailing off a bit. S&P is now off 35 points at 32.17. These are 15-minute bars. We started the program right now at 32.30. You see a little bit of escalation coming into the lower range, really 32.15. We held, except for that one tail that we got at about 6.45 this morning, made it all the way down to 32.10. We'll see what the market does. NQ's down 126. The Dow off 302. And we get all the tech earnings this afternoon. As I mentioned, Amazon, Alphabet and Apple also get Facebook. Those companies alone, $5 trillion in market cap as the NQ's are trading at about 10,548. All right, other companies out with earnings. Qualcomm crushing it. Check out this pop from about 93. We're up to 103. That's like a 10% pop. We'll pull up their numbers in a moment. PayPal trading higher as well from about 184. We're sitting at about 193 this morning. Qualcomm earnings of 86 cents a share, 15 cents above estimates. Exceeded forecasts for the revenue. Also gave an upbeat forecast for the prospects of sales of its chips for 5G devices. And it resolved a licensing dispute with China's Huawei to receive a $1.8 billion payment. Not bad. Lots of good news there. PayPal beating as well, earning a dollar or seven a share for the latest quarter. Beat consensus estimates by 19 pennies. Payment service companies revenue also came in above forecast driven by a jump in e-commerce transactions as well as new accounts. O'Reilly Automotive, they earned seven 10 a share. How about well above the 441 that the market was looking for? These are some decent beats folks of what's going on. Look at this O'Reilly chart from 455 to 490. For some context in that chart, we're going to open well above pre-COVID. We were at 438 in January. And yeah, we're talking about all-time highs of about 480 this morning on O'Reilly Automotive. We were just sitting in 2017 at about 169. Quite a pop there for O'Reilly. All right folks, should be an interesting day in the market. We're digesting GDP number of a decrease of 30 plus percent, 1.4 plus million weekly initial jobless claims, and we got big tech earnings after the close today. And who do we got? We got our man Larry Pezzavento coming up live next. Live programming all day at TFNN folks, stay tuned, we'll be right back. the week when warranted and every weekend he puts out a thorough report covering worldwide markets, futures, commodities and currencies with Fibonacci retracement levels, possible trading setups and zones, and stops and targets for all recommendations included. Larry applies the principles he's developed over decades of trading while analyzing a variety of markets for subscribers. 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