 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good morning everybody. I'm Tommy O'Brien, coming to you live from TFNN, 8.30 a.m. Tuesday morning, 60 minutes to go until that opening bell and we got markets slightly in the red to kick things off quite a day. Yesterday, of course, record territory for the NASDAQ, S&P is reaching a price level of $32.97 the futures overnight. We'll take a look at the S&P's, started off the highs at around 3 o'clock in the morning, $32.97. We trade down to $32.72, about $32.73.50. We make another low just a half hour ago. We're looking at five minute bars here on this chart, the low of $32.71. We're about four points off of that level, $32.75. In the S&P's, you're about 125 points from all-time highs. NASDAQ, quite the day yesterday, $11,092 in the futures, similar timeframe last evening at about three in the morning. Then we trade off from $11,092 down below $11,000, so down about 100 points to $10,992. And we're right at $11,000 as we speak. The Dow, negative 67 points right now, $26,491. We got gold up $8.994 right now. You take a look at gold, the lows basically $19.83. We were there about $7.15 in the morning, back there at that level at about $7.45. We're up about $10 from that price level, silver up about $0.06 at $24.47. And notes and bonds, the trend continues. Higher price and lower yield, check out the acceleration in that 10-year, $140.05. You're up about $7.50, the 30-year up $20.07 ticks at $182.14. The highs that we had on Friday, $140.06, you put this on a daily chart. And as you can see, the spike high correlating to the market lows back in March, $140.24. And you're looking at a bond yield right now, the 10-year note, .531%. Quite a number on that 10-year, $140.05, now well above the highs that we had in place since that March spike in the note. We'll jump over to the VIX this morning. Talk about backing down to lower prices. Now, this I've talked about as well. We are now below any of these lows, folks, 23, look at this jumping around this VIX. Let me zoom in here. So as you can see, the lows, $23.54 early June, $24.92, July 6th, $23.55. That was Friday, $23.38 right now, folks. And we actually got to a low yesterday, $22.17. I had that notated from Monday's report putting this on. And there you go. Quite the little drop off we're getting as we see in the market right now, S&P is negative by 14, that VIX, $23.47 right now. All right, what else we have going on in the markets? We'll start things off. So BP, they're out with their numbers, second quarter loss, major write downs, oil been a tough, tough 90 days for oil. We had negative prices at one point in the futures contracts. Second quarter underlying replacement cost profit used as a proxy for net profit came in at a loss of $6.7 billion. That compared with the net profit of $800 million in the first quarter of the year. Company also announced it's halved its dividend. Pretty remarkable. You still got a dividend going on, right, when you're losing $6.7 billion in 90 days to 5.25 cents per share compared to 10.5 cents per share for BP. And to pull up and see how BP is trading on those numbers. Is it just BP? I think it is BP. We're going to pull up on London. There you go. Spiking actually pretty much dramatically higher up to $23.99. We're back in a bit at $23.35 right now. All right, checking into some of the thanks talks. Of course, the headlines yesterday, Microsoft, President Trump saying once you just buy all of TikTok, quite the acceleration from $199 to $217. But check out this drop off. I mean, the NASDAQ. It's going to be an interesting open this morning as you have the NASDAQ negative 44 points right at $11,000, Microsoft, they're going to open almost $5 off of where they closed at yesterday. People slightly off of their clothes, $435.75, we're at about $435 right now. Amazon shares off a bit, about $10 for a $3100 stock, so pretty muted reaction on Amazon. Netflix shares, Netflix up big yesterday to $503, we're going to open about even for Netflix. Facebook shares this morning down a bit from $251.96 to $251.25, but check out Tesla. Tesla shares $1492 and Google shares, come on, at about $1470. All right, what else we got going on? How about, we just talked about the yields, right? Good time to issue debt for companies. Google's owner Alphabet issues a record $10 billion bond at lowest ever price. Some of what they offered here folks, here we go. Of the $10 billion, the $1 billion five-year trench was issued at a coupon of less than half a percent, 0.45%. The lowest coupon seen at that maturity since Apple issued $1.5 billion five-year notes at that same rate in 2013, seven years apart. Investor appetite was fierce for the tech giant six-part bond as low interest rates and corporate bond buying from the Federal Reserve continues to support issuance. The deal garnered more than $31 billion in demand. Alphabet's lowest coupon was 1.25% on a $1 billion May 2014 note prior to any of this. So you go from one to quarter in 2014 and they're issuing $10 billion in debt and some of that they're doing at less than half a percent. Last week Alphabet reported first quarterly sales drop in 16 years. Yeah, of the big tech stocks, Google, the only one actually Thursday night that opened and traded lower. You go from $15.35 about to the close of Thursday, you finish our Friday action about $14.80. We're sitting about $14.74 for the price of Google this morning. All right, what else we got going on the market? Home Depot, they're going to try and speed up deliveries with new distribution centers as pandemic fuels home projects. Some of these stocks, right? Home Depot shares, see how they're trading this morning up a bit from $266.18 to $266.74. For some context in these stocks. And you know, I get questions and emails about getting into some of these positions. I mean, Apple, I got some emails when they came out with their earnings saying, you know, it's going to split for for one, thinking about getting into it. What do you think about getting into these prices? And that depends on a lot of folks. If you're a short-term trader, we all know this got to be pullbacks, right? Apple just went from $212 to $434. It's a hundred percent run. In the long term, you know, we talked to Kevin Hinks, fast market every day after our program at 11 a.m. Eastern time, scaling into these prices, you know, maybe if you're going to get into Apple, you take it, you break it up into three different baskets. You get in with a portion of it now, you get in a portion in six months and you get in for the final portion six months from then or something like that. And that's only if you're investing in five, 10, 15 years, something like that. Because yeah, there's some long-term value, but some of these stocks, Apple, Microsoft from 130 and change to 216, Amazon shares from 1626 to 3111, right, remarkable action across the board. All right, folks. Stay tuned. We're going to come back. We're going to take a look at Disney. We have some out already this morning. Take two interactive. There are with their numbers and we get Disney after the bell. We'll take a look at them as well. Stay tuned. We'll be right back. Many of our new listeners have heard about the Tigers Den. The Tigers 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 TFN 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 Tigers Den. 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Really whether it was July 16th and then on the 20th we climbed above that level and now we're making new highs $3,273. You put this on your chart. You're talking about the high of $3,284 from July 23rd as we've eclipsed that level and on the futures market we're dealing with a high of about 120 points above that level back to February. What else we got going on in the market? Starting story out here, whoops, there we go, having to do with Facebook. They are securing office space in Manhattan at a time when nobody is working in their buildings. New York isn't Manhattan, maybe it's not Manhattan, maybe, but Vornado Trust, Realty Trust, they're leasing to Facebook and what's going to happen, 730,000 square feet of space total in that project, this company, we'll pull them up in a moment. I think it's VNO, whoops, their symbol, let's see, VNO, yeah, that's going to be it. So they trade from 68 to 27, is this going to be that new story there, whoops, and we are opening higher. I want to see what the slow bubble is. Okay, they're right with their numbers too, potentially, yeah, and there's the volatility from 3350 to 37, 3550, wanted to bring it up because it's interesting here when you have companies, now Facebook, they just came out and said that they're not bringing people back until July of next year, I think, but you're going to see the strong during this time, they're going to be able to secure that space at an affordable price, move in there, planning for a post-COVID environment, Facebook shares this morning at about $250.85. All right, we do have some earnings this morning, this afternoon, take two, interactive, out with their numbers from 16750 up to 177, we're at about 175 right now. Let's see if we can get in to see what they said. I think I have them down here, where are they? There they are, take two, saw profit nearly double. So let's check out what they have going on. Take two, interactive software, raised its adjusted sales forecast, beating quarterly estimates, demand for its video game franchises, Grand Theft Auto, NBA 2K, from people stuck at home, good time to be in the video game business, shares are trading higher. Let's see, US spending of video games in June surged 26% to $1.2 billion, the highest for the month in over a decade, according to research, as people turn to games for relaxation during lockdown. Let's see, recurrent consumer spending on the NBA 2K jumped 126% to a new record, Grand Theft Auto V, was the fourth best-selling game in June. Over 135 million units of the game have been sold since its launch in 2013. That's pretty remarkable, folks. Take two, also forecast adjusted sales above estimates, so pretty much across the board. Let's see, PlayStation 5 and Xbox Series X versions, $70, $70 video games are now. This is a very modest price increase. Yeah, I'm sure that's what they're saying. Let's see, revenue forecast for the year ending March 2021, $2.8 billion to $2.9 from $2.55 to $2.65, and adjusted basis, first quarter revenue, $9.96, beating $8.43. Huge numbers across the board, and this stock already trading pretty well. Look at this, right? From $130 down to $100 on the penny on March 20th, my birthday, and from there, we're going to open at about $175 for take two. We get Activision after the bell today, I believe. Similar story in terms of a slight pullback for Activision from $65 to about $50. We're trading this morning at $80, well, we closed yesterday at $80.85. Activision probably getting a boost on those take two numbers, up to $89. We're at about $86.49 right now on Activision. All right, as I mentioned, we get Disney earnings after the bell today. Should be interesting what they have to say. Max Payne situation for the parks they're dealing with, movie production, movie theaters, right? Being able to show their movies, pushing back some of the biggest movies they've had, Mulan, along with a couple others, trying to make sure they can still secure that business model of releasing movies into theaters, making billions, then pushing it out to their direct-to-consumer platform. Talking about Disney Plus, I'm sure they'll be trying to highlight the growth that they've had on Disney Plus. We'll see if the market's ready to listen. We'll see what happens. Florida, pretty encouraging numbers for COVID for the last couple days. Disney, I'm sure would like to see those numbers continue to come down as they try and have parks open in Florida, California, one of the state's hardest hit as well. We'll see. There's a lot of variants in the weekend in Florida, especially because we're going to get storms coming in. We do have storms coming in, especially on the other coast. So you have those numbers a little bit. A lot of variants going to be in there. We'll see what happens over the next few days if there's any catch up. But Disney shares from 153 to 79 to 1635 right now on Disney. Now, I've talked about this many times on my program. Just keeping in mind fundamentally where this stock is compared to the timeline of events that have occurred with Disney Plus, their streaming service, the details of that service get made public in April of 2019. They come out with the pricing of that product, which I believe is $699 or $69 a year. So $7 a month, you can bundle it with Hulu and Disney for, I'm ballparking. I forget and I should know because I have it folks. I have the bundle. Pretty remarkable. It's $13, $14, $15 a month. I believe something like that. The market loves the pricing. Stock accelerates higher. It goes live in November of last year. Things go fairly well. A few glitches the first day. They start reporting how the numbers came in. Immediate signups within the first week or anywhere prior. Big numbers to 153. COVID concerns begin. You trail off a bit and the market falls out of bed to about 79. We've had updates since then. The last update in May, they came in with about 54.5 million subscribers. And we've settled in between about this 110 to 120 range in Disney. You see the spike here back going to May. I believe that was having to do now. This is weeklies, maybe with that update that they had about subscribers, 54. Originally, when they first came out with this information in terms of Disney, maybe some reasonable forecast that executives, Bob Iger, still the CEO at that time, putting out was they hoped to have 60 to 90 million subscribers by the year 2024. 60 to 90 million. Pretty good goal. They are probably going to be in that range by the time they come out with their numbers this afternoon. So remarkable acceleration, but max pain. It might be too early. We'll see because the market, it doesn't get much worse in terms of the parks business, the movie business. In 2019, I believe Disney took in, they had 10 different movies that all were billion dollar blockbusters. 10 different movies, I think something like that. So to have that disappear overnight to give the bear side of it, that is substantial folks. In the long term, Disney is going to be a great investment. You're getting in pre information of knowing about Disney Plus in a world where maybe they were going to have 60 million subscribers in four years from now. And if you can handle the short term volatility that is bound to happen, they're going to come out of this. The parks are going to be open, movies are going to get made. We're going to be back in movie theaters. You see Facebook buying space in New York to get ready for people back in offices. So we'll see what happens. Stay tuned folks. You're right back in three minutes. See what else we have on tap for Tuesday trading. Stay tuned. You're right back. Back in the day, I joined the Hotel California in 2006. 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Click on the primal edge banner on the front page of TFNN.com. 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. Welcome back folks. S&P is negative by 15.3273. You've seen a little bit of a drop off even in the last few minutes. We got a five minute bar up there. We're a size about 3277. We're about four points lower right now, 3273. What else we have on tap? So we cover that we have Disney earnings going on. Other companies with earnings this afternoon, you're going to be waiting for Beyond Meat. Look at this acceleration in Beyond, on the head of their numbers. We were just at on Friday, 122. You're trading at 138 yesterday. You go from 128 to 134. We're going to open about $4 in the positive on Beyond as they weigh their numbers after the bell tonight. We get Activision Blizzard as I mentioned, was hired at 89, currently trading 86.67. The video game maker. We get Planet Fitness, the gym company. Wonder how they will be affected by what's going on. Match group, online dating. Maybe everybody's been online dating or at least communicating online while they're sitting at home. We also get win. It'd be interesting to see what they have the same terms at casinos, Macau and everything affected in there of course. All right. Jumping around to what else we have, taking a look at some of the commodities. Crude contract, $40.27. We're as high as about 41 and $41.25 overnight. Crude holding up pretty well at this $40 range. You back things up that gap dating to about $41.05. You can see how we are just hovering right at around that level of $40.27 currently. Gold contract reacting well. Gold, let me back this bad boy off. Quite the acceleration for Gold up to $209 yesterday holding right near those highs right now on Gold at $1989. All right. What else we got going on? Some of the companies even tomorrow that we'll be looking for, you have Roku coming up tomorrow with their numbers, Square as well. Square, one of the companies benefiting tremendously down to $32. And we're going to open above $135 today on Square shares. Roku shares. I bought a couple of Roku's for myself recently from 58 to 161. Our man, Dave Whitesand, how do they make money beyond selling the units? I'm not particularly sure, but I like their product. And the market seems to like it as well, 161 for Roku. Stay tuned, folks. It should be an interesting day in the markets. Larry Pezzavento, he's coming up live next, live programming all day at TFNN. We'll be right back.