 The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Let's go to Eddie and book our time. Hey Eddie, what's going on? Hey Tom, how are you man? I'm doing great man, yourself? Good, good. It is a treasure to have TFNN every hour during the trading day to be there, to help you to guide you and even to give you some peace of mind or like that somebody else is there with you while you're trading this crazy market, either up or down. Well listen, we appreciate you growling and prowling us out here because we wouldn't be out here folks if we didn't have all you guys gals, tigers and tigers as clients and you know the market teaches you every single day man. Now, what's going on folks? My name is Jacob. Let's read a little bit today. So the card for today says there are two halves in every relationship but you are only responsible for your half of the relationship. It is not up to you to control the other half. Respect the other half and there is always going to be peace in that relationship. Very beautiful. Can't say much more than that right? So our number is 877-927-6648. You can email me at Jacob at TFNN.com. Also reading the Tiger's Den. If you're not in there, you've got to get in there and also be checking the YouTube comments. So we got a lot of talk about today. Let's just go through the major indices first. We have the Dow Jones is down only 0.48%. Let's see here. The Nasdaq down about 1%. Another one I want to focus on a lot will be Dow Jones Transportation Average which is down 5.61% and then getting into the SPX cash, S&P 500 is down about 0.74%. So to focus on that a little bit, one of the reasons I say you should get in the den is that we actually had a little contest going on. And the contest was who could most closely approximate the close of the SPX on Friday. And the top three winners were going to get one of these nice mugs of TFNN.com on them with a nice cool Tiger. It's nice. It's not my mug though. I'm not going to drink from it. So let's see here. I think this is a this is tentative right now. We still got another hour before it closes. But I think the closest we have currently is going to be no more Gough Rich for Life and Dilly Dilly 94. So that is not the absolute winners yet. Like I said, we still have another hour. But you guys, you got to get in the den. It is so fun. These guys, I mean, I learned so much from everyone in the den every day. And I'd really recommend you coming in chatting with everyone contributing and learning more. So we want you to go to TFNN.com and sign up. It's only $1 a year. We just do that to kind of keep the rabble out. We're never going to raise it. So let's see here. All right, let's go through some of the other indices. DIA is down 0.7. Everything is kind of within this bounds here, about 0.5 to 0.8. The spies down 1.08. Meta is down 2%. Tesla down 0.26%. Apple down almost a whole percent. Steel Dynamics down 1.5. So what I want to talk about today, kind of just jumping into it. The first thing that really caught my eye, I forgive me because I can't remember who posted it into the den. But it's the yield curve. The US 10-year versus the 2-year government bond spread has essentially inverted. So the way you get that is you take the rate of one of them and subtract it from the other. And that gives you the product, rather the solution of that would be basic points. So obviously, since we're in negative basis points here, the 2-year is higher yield-wise. What happens with that, if you're not hip to it, is essentially when recessions come around, the short term kind of gets a little bit shaky. People want to kind of flee from the shorter term debt in favor of the longer term debt. The price of the bond is inversely related to the yield. So as the price goes down, the yield increases. So we can see here that about right before the crash in 2008, we had this kind of same pattern, obviously the crash from COVID. And we're kind of seeing that here. It's interesting to see what the Fed will do because in these times, what they could do is essentially lower interest rates to create liquidity. But currently, the Fed's trying to do things that do not result in that. So it'll be interesting to see how we kind of recover out of this. Let's see what else. FedEx, huge kind of, I guess, bomb from them. Raj Subramaniam, ward of a worldwide recession due to inflation and central bank rate increases. Additionally, China is having a pretty intense quarantine to kind of stamp out COVID. This is causing further supply chain difficulties. Let's see here. So FedEx decided to pre-announce earnings while below estimates and pulled its financial guidance. This resulted in a 20% decrease. Let's see where we're at now. Yes, hovering around 21% decrease here. This is on a one day. Let's check it out. One year to date. This is insane. Insaving movements. The CEO said global volumes declined as macroeconomic trends significantly worsened. So there is some collateral with this. We have here, let's see, we have Packaging Corp of America, which is down about 9%. 9.8%. It's down 11% earlier. We have international paper down 10%. This is doing a little better from the 12%. It was down earlier. West Rock Company down, let's see here, down 10%. And then Graphic Packaging Holding Company down 5.7%. And that's maintained throughout the day. I read an article kind of regarding this and the opinion of the author was that this was more of a FedEx issue. And they brought up some like valid points for that. But I won't get into it now because we're about to go to the break in about two minutes here. But I do want to just do a quick look at some of the just some of the financials of the companies comparatively speaking to see if this is, you know, because if this is a FedEx issue, then, you know, I do kind of believe this might be like an oversell by the market. But that might warrant some shaving off the price of FedEx. But if it is a major sector issue itself, then, you know, I mean, UPS should FedEx could probably increase a little bit more from its from its down because UPS is only down, let's see here, only down 4.7%. From kind of what I'm seeing, I do think this is going to be much more of a global issue. Obviously, both of these companies will have to kind of readjust based on the on kind of the new global outlook, but this FedEx need to be down 21%, probably not. I think this is like a big shock. I think releasing the announcement before earnings was massive and then rescinding financial guidance was huge too. The CEO of companies need to be like the cheerleaders of it. So this is a pretty grim outlook. I mean, in a way, this is also positive. I mean, if the CEO and the board of FedEx really does see this as being kind of a global issue that's going to impact on the long term, it's really awesome to get that bad news out of the way immediately, at least in my opinion, you can get this massive retraction, this massive sell off, and then things can build back to a proper level. When we get back, we have Bessford calling in, excuse me. We'll see what we'll talk about there. I want to talk on the mortgage rates and everything, and we'll see what he has to say. Again, send me an email at JacobitTFNN.com. You can message me in the den or YouTube, and we will be right back. In a time of blooming inflation, we have purchasing powers eroded. There's no better place to protect your hard earned money than in gold. Vista Gold's flagship asset is the Mount 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. Vista Gold just completed the Mount 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. This distinguishes Mount Todd as an attractive, diverse party, ready development stage gold project. Vista Gold trades on the New York Stock Exchange under the civil VGZ. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien found a TFNN over 20 years ago to help educate investors just like you. 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After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, Educating Investors. Welcome back folks. In a minute we'll get back to looking at the financials comparing FedEx and UPS, but first I believe we have Bessford on the line. Bessford, what's going on man? Hey, how you guys doing? Doing all right, doing all right. How's your day going? Pretty good. Just up here on the fifth floor looking at downtown St. Pete's. The new office looks great behind you man. Really cool. So one of the things I kind of wanted to bring up was this. I don't know if you can see my screen here, but it's the latest mortgage news rates surge further past 6%, which is a 14-year high. So we can see a pretty exponential growth here. Let's see here. So the 30-year fixed rate is at 6%. The 30-year jumbo is at 5.67% and the 15-year is fixed at 5.17%. One of the things I didn't know when I was reading this Bessford was what jumbo loans were at all. So maybe you can give some feedback on that. What I found out is that Fannie Mae and Freddie Mac, they set these things called conforming loan limits. So they buy and administer most single-family home mortgages. They'll package up that debt and they purchase it. And apparently the jumbo loans, you have to have what? Like extremely strict, there's extremely strict credit regulations, large down payments, bigger cash flows. Like what do you see in with that? Can you add anything else? Well, jumbo loans is not conforming. So jumbo loan is basically just regular investors by those loans. So the conforming loans are your VA, FHA and conventional. So the conventional right now, I believe the limit is 640, but it's jumping up to 715 or 720 after double check on that next year. So that means that it's going to open up even more people to be able to buy more expensive homes at 720 credit limit. The jumbo loans, that's just a whole different ballgame. Not really, it's regulated, obviously, but not the same way as conventional FHA and VA. So I mean, you're saying are they tightening restrictions on getting the loans? What you mean? You have to have a higher credit score to get one? Or how are you saying that? So what they're doing is they're raising the loan limit. So right now the loan limit is about 640, I believe, for a conventional. Okay. I mean, they can only give you a loan up to 640 on a conventional loan. I see. So if you find a million dollar house, you know, you got to come up with like $360,000 then. I understand. Okay. And they're about to raise it to 720. So the more they raise it up, the lower payment you have to make out of, okay, I understand. Yeah. So let's let's add a pocket to buy these more expensive homes. Yes. Kind of stimulate the kind of purchasing of mortgages or at least taking out of mortgages. So I mean, do you see this as like a positive thing for people in your field or mainly just for the banks? Well, I think the way they look at this is they just look at the average the average home prices what they're selling for. So they're kind of keeping up with the demand. I see. And so it obviously is good because especially down here in Temple Bay where everything is getting so expensive that it's kind of tough to buy properties with the conventional loan because, you know, if they're 800,000, you got to come up with $160,000 down. I understand. This way, you know, you're coming up with $80,000 down instead. So just the entry, it's a lot easier. Interesting. I was I was running some numbers here. Yeah. So the median price right now in Temple Bay is about 360,000, right? So 360,000 at the current rates, your monthly payment is looking around $2,900 a month. Wow. Okay. Now, if you if you go back and take that interest rates of 2.5 percent, your monthly payment is going to be only $2,200 a month. Okay. $700 difference. No kidding. Now, here's where it gets interesting. If you were in order to get that $2,200 a month payment now, the prices will have to drop by 25 percent to 270,000 at the current rates to be able to afford the same $2,200. So, you know, the only thing I see now is these prices are going to continue to drop at this, you know, these interest rates. Do you see this drop by 25 percent? I'm not sure. But I could see 15 to 20 percent for sure. Do you see this going to be like a quick process or we'll kind of lag behind everything? It's going to take a while because, you know, sellers, they still think they're going to get their price like, like they were going to be able to get it like four or five months ago. Right. Now, we see a lot of these properties just sit on the market now because, you know, people just can't afford them. Right. It's a little bit hard to reckon that, you know, a few months ago you could have made 200 grand more on selling a home if you were the homeowner. That's, that's pretty rough. But for what I understood, oh, go ahead. That's, yeah, that's what these, these guys are seeing and they're thinking like, oh man, I just lost $50,000, $100,000. But, you know, that's, that's what happens. And we need it because at the rate it was going, everything was going to be worth a million dollars. Right. Right. And that's not good itself anyway. What do you see regarding, again, this is the major thing we always talk about, but it is so, at least near and dear to me is the rents in general. Are you seeing lower down of that or kind of just more of a stagnation? You know, it's funny because I just listed a property for rent. Okay. Two days ago, I haven't got any calls yet. It's definitely a lot more properties coming off for rents. You know, that is so interesting. Excuse me. A friend of mine has been trying to look for a new place to rent, right? They don't live in like a very good spot or anything like that. It's almost criminal kind of what that project is they're running over there. And so we've been looking on Zillow and I mean everything and everything goes immediately. Everything goes immediately it seems or at least it has been. So you're saying there's it has been. Yeah, I think it's it's starting to trend the other way too because same thing, the prices are getting so, so ridiculously high that people just can't afford them anymore. So you know, I don't know if friends are going to go going to go down, but I can see them stabilizing a little bit. Stabilizing a little bit. Yeah, that might be the case too. And as I was saying, I don't know if it was yesterday or the day prior, but it does take a while for the rents to like lag down as well if that ever occurs, right? So we've been seeing a lot of the rents driving the inflation essentially. Yeah, the rent is a big part of it. Yeah, because you know, just it's crazy how much they're going for and they were going pretty quick. I think they are kind of stagnating a little bit, but they're still going to go quick as long as you price to write this is going to go. What are you seeing like the median rent at least in this area being do you have any numbers on that? I don't I don't have the exact numbers, but I can I can tell you that anything around downtown for one bedroom, if you can get it under two grand. Yeah, I mean, I'm seeing like on these, it's depressing almost like I'm seeing on some of these rent applications. I mean, you get like a studio with one window and they're charging something like 1300 bucks a month for it. And that's just so destructive. I would we really do need to see stabilization in that, you know, one of the cool things that's happening now is at least in St. Petersburg, they've opened up a ton of new zones for these additional housing units or excuse me, digital dwelling units, right, mother-in-law. So we will see some alleviation for that. So yeah, I think it's going to help big time. Yeah. Awesome. Well, best for it was great talking to you, man. I don't know if you'll be around after break if so that's fine either way. But guys, when we get back, we will go and talk about the facts and UPS. And if you have any questions for best for it or I, please let me know. We'll be right back. If you want to take advantage of this sector now is the time to subscribe to my gold report. The gold report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning, I publish the gold report with coverage of gold, silver bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the gold report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis. And it's not just dry tedious text either. 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Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. 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. Okay, so best for Thrasken in the den. Every time when you're on with Tom every Friday, you'll pick a stock. Of course, that's my fault that we didn't go through that at all today. But Mike in the den along with other people just want to know, like, are you going short on this market? What's your outlook? You think we're going to get positive by the end of the day? You think we're going to go negative? I know your, let's see, your submission for the Tiger's mug was, I think, $399.99. Yeah, short that, yeah. Well, you know, as you know me, I know the market very, very well. Yeah, no, no. Well, you know, if Royal State is going to go down, you know, I kind of see the market going down a little bit as well. So, you know, I don't know to what extent, but I'm sure it's going to go down. I mean, the stock market just seems wild, you know, it's up and down every day, you know. Yeah, you're certainly our authority on real estate. So I'm sure, you know, the market is going to go down, but I'll come right back up. Royal State is a little different. I think I'll go down slowly and then come back up slowly, you know, just because it's a ballgame. But yeah, I think Royal State is going to go down a little bit too. It's just because things are sitting on the market and just aren't selling like they should. But, you know, with these interest rates, I can see why. You know, it's a $360,000 house and your monthly payment is pretty much free rent a month, you know. So, you know, this is actually a good question from Mike in the den. And I actually kind of wanted to touch on this a little bit. He asked if you're short on the home builders, what do you see about kind of construction? If you have any opinion on that coming up? I would say they'll probably go down as well just because, you know, now they're starting to give out incentives. So six months ago, they were only paying commission like 1%, 2%. Now they're paying 3% commission plus giving you incentive to buy, you know, paying a closing cost or maybe buying down your interest rates just because they can't move these products like they could before. So, you know, if you see that, then I would say they're definitely going to go down a little bit or maybe hold back on their building. Well, there you go, Mike. Mike in the den, short the home builders. That's at least best for its tentative opinion on it. Yeah. I like that. He says nice. Wonderful. Well, awesome. You know, one of the things Well, listen, next week, we'll buy some stocks or maybe I'll short something. We'll see. We'll get something cool. We'll get something cool going on next week. So we'll definitely find something. All right, guys. You have a good one. Thank you best for have a good weekend, man. Bye now. Okay, guys. So let's go quickly back. I'll just run through this really quickly. Let's just compare. Is this a FedEx issue them dropping or is it a UPS issue? We'll just hop to the next thing after this. We look at the cost of revenue. It's 78% of the total revenue for FedEx. It's actually the exact same for UPS. Okay. Let's see here. The gross profit is 21% of total revenue FedEx is and UPS is exactly the same as well. Now FedEx is operating income is only 6% of the total revenue while UPS is 13%. But FedEx also has a better debt to equity ratio. If we go over here, this loads ever. If a better debt to equity ratio than UPS. So it's hard to say. I do. I really think that you know, I think just that this whole sector is going to get smacked. And I think really the reality of the situation that will like kind of peed out. I mean, this is insane. This is drop. I don't think this is warranted in any capacity. I think we're going to see something a little bit similar with UPS. And now it's hard to say is UPS being affected because of the FedEx news? Yeah, I would say absolutely, especially if people are thinking that whatever the CEO said is accurate. So I don't know. I would definitely recommend you guys do a little bit more research on your ends and see if this is something you're interested in at all. All right. One of the crazy things I want to talk about, a big part of my personal portfolio is defense. Okay, this was like hammered into me by my grandfather. And it just kind of makes sense in general. So to kind of take a look at this, I mean, we were in kind of an unstable situation right now, especially with Russia. Some posturing, excuse me, some posturing by China. So Germany is meeting with they're having a big NATO, excuse me, NATO meeting, or I think October 16th or something around there. They're looking to form a joint missile defense program with NATO members in light of this Russian aggression. The biggest threat from Russia is their Iskander platform. So these are basically ground air missiles that are on a wheeled platforms. Okay, I think about 310 miles. No, I think like, okay, Russia's so far away, but they have a place called Kaliningrad, which was previously Königsberg for all the all the history buffs out there. But from Kaliningrad, Russia, it is kind of blocked off from the from the rest of the border. It's in the Baltic region, I think a bit northwest northeast of Poland. But that can hit a lot of Western countries and that can be equipped with warheads. So we see more erratic behavior from Russian top brass. So the Germans are looking to kind of, you know, bolster themselves. This could also be really positive for them for GDP, spending on military. So they're looking at purchasing the Israeli Arrow threes, or an American platform. And we'll get to this in a second. That main competitor to the Arrow three is Lockheed Martin's Thad system. And I believe the Thad system was what was utilized in that recent killing of al Qaeda leadership in Afghanistan. These things are crazy to watch fire off. I mean, really some impressive pieces of engineering. Is really aerospace industries produce the arrow three. This thing flies into the atmosphere of earth. It's not even, I mean, just a little bit below orbit. And it can track everything below it. Right. So I mean, again, another phenomenal piece of engineering. So I really want to focus a little bit on Lockheed Martin in particular on this, because they've had a lot of really good positive news. And they're still making deals and getting new deals coming in. So the first thing is the Swiss parliament just approved the purchase of 36 of their F 35 fighter jets. And this totals 5.5 billion in the sale. And this is just nice. It's nice to see like just expenditures occurring at this time. And Lockheed Martin is also in the middle of investing $100 million in an advanced drone project. The idea is that a swarm of drones will be deployed by a like a mothership, essentially. Okay, so you have your formation of fighter jets. And these drones will be deployed and they'll follow around. They'll meet up with the fighter jets and the pilots will be able to control these drones. These things will be used as essentially like scouting objects. They can also draw fire. This is huge. Lockheed continually comes out with really groundbreaking things. One of the things I was mentioning earlier on the phone is how much of technology that we have on the consumer market. I mean, look at even like GPS or facial recognition had its beginning in kind of in military applications. So it's interesting to, you know, kind of see that like we get pushed forward just in the consumer market because of the threat of conflict. When we get back here in a second, so we're about to go to break here in about 45 seconds, we'll go a little bit more just into Lockheed. They have one more platform that I want to talk about. And then we can talk about Raytheon and Boeing as well, just in a very, very short capacity. After that, I want to talk about Patagonia, CEO, what he did, and then maybe talk a little bit on current nuclear fission, the theory of cold fusion and the history behind that just as a really neat kind of educational wrap up. All right, folks, if you want to give me a call 877-927-6648. I am watching the Den in the YouTube channels. We'll be right back. VistaGold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. VistaGold just completed their feasibility study, resulting in a 7 million ounce gold reserve. 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This program is brought to you by Vistagold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks. So baseball and the den made it had a funny joke how is Germany going to fuel those weapons that they get and then Sergei also said the main thing is hypersonics and that's definitely true. But one of the interesting things I read, keep in mind you know I guess in some ways this is not always like widely agreed upon but NATO tends to take it especially places like Germany tend to take a kind of more like defensive position right. So they're not looking for land grabs or anything like that. So while the hypersonics are huge now one of the things that Lockheed Martin has just delivered to the Pentagon and is going to be tested are these like lasers. They're called directed energy weapons. It's a 300 kilowatt laser designed to replace traditional ground air platforms. It's totally defensive. It is way cheaper than sending then sending missiles to intercept other missiles or hit down planes or whatever. It'll be interesting just to see like on a technology level kind of what comes from that. So those are being I think there's a start testing fully this year. So that'll be that'll be pretty insane to see and that would obviously that would that would change defensive situations because it is so much cheaper to fire you know photons or whatever at something than a whole other missile. Not as great news for places like Raytheon and Boeing. I mean nothing really necessarily bad has happened regarding their business but the U.S. announced last week an arms sales to Taiwan totaling about $1.09 billion. Boeing sold $355 million in harpoons and which are missiles obviously not the wailing kind and Raytheon sold 85 million inside winder missiles. So China basically sanctioned the CEOs of both those companies but it's I mean that's definitely more of a symbolic thing than anything else. Just interesting to note anyways as that that struggle is still there between Taiwan and China. So one of the big headlines is Patagonia's CEO Yvonne Chenard is giving away the company to a trust that uses profits to fight climate change and I want to elucidate a little bit on how this works what this actually means beyond just like your simple headlines or the Facebook posts from your friends or whatever. So Patagonia will continue to be a private for-profit corporation but the Chenard family no longer owns the company. The company's voting stock is being transferred to a trust while the non-voting stock has been giving to hold fast collective which is a pro-environment fund even though the family no longer owns the company this is the interesting point. They do not have the voting shares but under this new structure they will still be on the board okay and so that that voting stock was moved to Patagonia purpose trust. The family can still control the company being the big thing about this is they're shielded from certain taxes okay so let's go into this a little bit. So hold fast which is getting 98% of the total stock and 100% of the non-voting stock is a 401 for non-profit so so what's interesting about these is you have a 401 excuse me C3s which is basically tax deductible okay so these ones the C4s are not tax deductible but there's some benefits that Chenard is going to get in the event that he you know passes away so the reason why these aren't tax deductible is because the C4s non-profits can make unlimited donations to political causes okay so one of the things I've been seeing like a lot of people saying is like okay yeah so he he did this for headlines he's just uh and what's to say it's for climate change but really was a shield him from taxes and I think it's just a I don't I don't buy that fully right because the money that he has left over and the money that is generated in profits is still going to go to these kind of funds right and I'll give you an example of how these actually do affect the real world this is a better way of doing it so he will have to he will pay less than he were then he would have to if he were to sell the company as he would incur capital gains taxes and additionally if he transferred that wealth um what I was researching is he would incur 40 40% levy under the U.S. estate and gift taxes so according to Ray Madoff who is a uh Boston College Law School professor what this method allows for the 501c4s is to essentially still promote political causes um at long after your death okay and um an example of this is uh Barah Said who was the owner of trip light he did something similar okay um so he sold off trip light uh to a 501c4 which then sold the company he did not to pay capital gains on that um and additionally they used a lot of the funds to promote actually American conservative causes and so a lot of things that led to um the Supreme Court um having more you know I suppose republicans on there was it was really done by this 501c4 nonprofit so it's interesting to see I do like one of the things that we spoke about when I was still in university um was the obligation to stakeholders um and you know for a while that's always reign supreme and you know of course that's majorly important um but I one of the things we were also taught which I understand is a bit of a new thing is the um the earth also being a uh shareholder as well because there's no way that we can make money um and thrive and prosper and our children do the same if we don't take care of the environment as well so it's interesting to see it's it's nice um that this has occurred I don't think it's purely just to avoid taxes um I think uh it's a positive thing and we'll see what happens I I know hold fast only donates I think something like a hundred million dollars a year in total but it'll be it'll be cool to see that um in action so when we get back we have about two minutes to the break I do want to talk about something interesting which is the idea of cold fusions you guys probably know by now I'm extraordinarily obsessed with nuclear power I I think it's I think it is the future um as I kind of just betrayed I'm I'm also very interested in the environment and I think I really do think nuclear is the best way to do it and also keep our standard of living let's just go everything through everything real quick we have the spx just down 0.81 not a lot of moves the cues down 0.79 we have the dollar staying kind of um pretty stable here spies down 1.2 meta down same tesla down a little bit more than it was earlier so that I must take a look at my guy here not too bad kind of underperforming a little bit doing a little bit worse let's see here we can check the renewables quickly it is not so bad huh at least relative to the rest of the market huh let's see here let's do a week so yeah still still not recovering from that down draft very very nice pattern here so do that what you will again check these out solar is interesting I suppose um we have the socks up a 0.25 the shorts down 0.47 in the long um up 0.38 so the outlook on chips is doing well um all right when we get back we will just knock out quickly what time do we got here yeah we'll knock it out pretty quickly here but it's interesting nonetheless and maybe give you a little bit of something to think about uh be on the weekend so folks we will be right back again my number is 877 9276648 um my email is jacob at tfnn.com and uh we'll be right back the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his 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act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 7 newsletter today tfnn.com educating investors don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv tfnn.com then hit watch tiger tv welcome back folks okay so just this weekend i want you to just think about this is a little bit cool so regarding nuclear fuel nuclear power the way that we do it here is through nuclear fission okay so we take some kind of radioactive element and we shoot particles at it all right this creates an exothermic reaction this heats up water this then transfers into steam and this turns large turbines and so that's how we get power now but what is the best nuclear body that we as humans know of and that answer is the sun so the sun does it a little bit differently okay it does do both fusion and fission however the thing that's the thing that is most attractive is that fusion is so much cheaper because in order to have fusion you just need very light particles so the sun takes hydrogen turning it into helium okay and this creates an exothermic reaction as well and the issue is here is it is so expensive to generate heat that way okay so much so that it's almost like out of pricing and additionally the materials used and anything close to some kind of fusion we have gets annihilated immediately you can look at the hydrogen bomb okay that's also a mix of fission and fusion and obviously that whole thing is obliterated regardless so the idea of cold fusion is how can we generate power at room temperature and therefore not need any kind of exotic elements that can withstand you know millions and millions and millions of degrees so in 1989 electrochemist martin fleishman and stanley ponds conducted a study that was essentially the electrolysis of heavy water or deuterium on the surface of palladium electrode they claimed that they had excess heat and radioactive metabolites in the water google actually in 2019 spent a lot of money to research this because if that's the case you can use the most abundant elements in the universe for essentially just extremely cheap power spoiler well as far as we know they did not find any success in those endeavors i i really think i really implore you guys to kind of research that because it's just cool in general folks thank you so much for joining me it's it's been wonderful and stick around for the news and have a wonderful weekend