 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good morning, Tigers. This is Jacob, filling in for Steve as he explores the old world. We're going to fill in for him today. We've got a lot of stuff to look at. A lot of cool things happen. First, I want to just jump in quickly and look at steel dynamics. And you know, I love steel dynamics. But we were looking at this level about the end of last month, right? We're hitting that 90, and we had big volume. And I was saying, take a look at this because as it resisted, we might get a little breach up to 100. We finally did, right? How the whole steel market is moving right now, I still think we might get a retest at least of kind of the last day with volume, but it'll be interesting to see and new cores been making the same kind of moves. We finally hit that 100 mark, which it had been trying all the month of May. So that's some interesting development. Again, love that stock. Let's take a look. The Q's are down. PDX down a little bit, although it had been, I think it kind of bumped up this morning pretty heavily. Let's see here. Yeah, and then we just kind of had it clashed back down. How the gold's moving as well is super interesting. It's definitely looking for a bottom there and looking to see if it can take off. The dollar down, minorly, spy down. And the Russell's really been taken off today. That had a lot of like flow and capital wise. So we'll see kind of how that pans out as well. Big news going on is going to be Apple and I was talking about it a little bit yesterday and I'm sure the other hosts have been speaking about it as well. But Apple is finally releasing, you know, everyone's calling it a virtual reality, right? They're goggles. But this is a little bit better. And this is, I think, where Meta missed the mark quite a bit with their Oculus. You know, the Oculus and what Facebook or Meta was essentially releasing was total virtual reality, right? So laying over or rather projecting a totally virtual kind of set for the wearer, right? This has been, you know, how does that really appeal to most amount of people? It's not. It seems almost like dystopian, right? Younger folks, we like using that kind of stuff. Meta was really trying to compete with something called VRChat. VRChat is very popular among the younger generation and essentially you can be whoever you want and just interact with anyone, however you like, right? Total anonymity in a totally virtual world. Again, I think that's not super appealing for the average consumer, again, sounding dystopian. What Apple's doing is much more, I guess they're calling it mixed reality, but in reality it's augmented, yeah? And so you're still seeing your environment, except it's overlaying different kind of interfaces for you. In this, I know it's, you know, you can have plenty of jokes regarding entertainment regarding it, but really, I mean, you think about like the applications of something like this in education, in healthcare, and manufacturing. I mean, A to B in the den yesterday brought up a really good point of these augmented reality glasses from a company called Vuzix, and I was doing some more research on them and surgeons are using Vuzix, these augmented reality software in order to just be better at their job, right? Enter in at the correct angle, see if there's anything that looks, you know, irregular to the program itself. This is massive, right? The biggest in all of existence, the biggest weak point is kind of the human factor, you know, when you're mixing it with technology, and what this kind of does is really eliminate that, right? It's just a tool, but it makes things so much better. Apple I think has the potential to really make this popular on a large scale, so the adoption will be for everything, not just, you know, medical as Vuzix is. You know, in some capacity, the way that I was looking at it, it's like say you've never worked on a car before in your life, right? Maybe it broke down. Let's say you had these goggles, and this is I'm sure, you know, a decade out when the developers at Apple get everything under their belts regarding different applications for the goggles, but I mean, you could take a look at the internal of this car and immediately know what everything is, right? You'll have an interface, you know, a heads up display telling you, okay, you know, this is where the oil is, this is the engine and so on, and you essentially just tell it, this is the problem, and in ways it can walk you through this, and this is just obviously this is, you know, going to be for the future, but this is kind of how groundbreaking something like this is. It's not just for, you know, being on the internet, watching YouTube videos, watching movies, you know, anyone theoretically could do anything. So currently, you know, the price points at like $3,500, you know, I'm going to pop it up right now, the price points at $3,500, which is steep, but right now it's just in development, right? It's going to developers, and what Apple's seeking to do is essentially let them sit on it, you know, for some period of time, and then have them develop whatever application they want for it, and then they'll go through the process, is this going to be beneficial? Does this work? Does this make sense for the consumer? And then, you know, in a few years you can have it be a little bit more affordable, but if you seriously think about it, like this is invaluable technology once it gets fleshed out, super interesting. I even think about it in the case of like pharmaceuticals, right? You know, if you're a nurse or you're learning or something, you can look at a pill bottle, it has the patient's name, automatically that interfaces with the database that the hospital has, it tells you when they last took it, what conflicts may arise regarding other pharmaceuticals. It's just massive, guys, and I think that will become more apparent as the years go on, just how important something like augmented reality is. Of course, Meta has really cut that aspect. They were, again, trying to sell something that's already popular to a bunch of people, a bunch of consumers who haven't adopted it already. And again, it was just kind of freaky to some capacity. And you really even had Oculus, one of the major coders, or developers, excuse me, he left. He's like, this doesn't make much sense. That was a few months ago, and so it kind of made sense. Obviously, they cut it, and people love that. And so the stock goes up. But Apple's going to dominate in this phase. They're just a juggernaut. They have so much cash. We were even talking about them going into banking. They just have so much cash in order to really make this as important as it really is for the trajectory of human history, honestly, in my opinion. So that'll be neat to see out. A little bit today, we always touch on the kind of CRE crisis is going to happen. Hilton San Francisco just decided to say, I'm not going to pay anymore. And so the owner of San Francisco Union Square, Hilton San Francisco Union Square in Park 55 has chosen just to stop making payments on the $725 million in debt. And they gave the keys over to JP Morgan. That's pretty massive. This is the quote from them after much consideration and thought, we believe it is best interest for Park stockholders to materially reduce our current exposure to the San Francisco market. And even your elites essentially, and I mean that in the political sense of San Francisco, they're saying there's some tough roads ahead of figuring out how they're going to basically get out of this. And that was the mayor of San Francisco was talking about that. We'll go a little bit more into that when we get back, folks, stay tuned. You can send me an email if you want. Get in the den, get in the den, get in the den, folks, we'll be right back. We have exciting news, Tigers. This June, Tim Ord of the Ord Oracle will be hosting two webinars providing insight into his renowned market timing methodologies. On June 8th, Tim will delve into the S&P 500, teaching sentiment indicators, identifying market bottoms and divergence and so much more. On June 15th, Tim pivots to the gold market, taking a look at cycle analysis, ratio studies, advanced decline indicators and other important tools for analyzing this sector. Sign up today on TFNN.com. TFNN Educating Investors. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks and options. Teddy releases his weekly Tiger Forex Report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30-year t-bonds as they both influence forex markets tremendously. 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Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free. 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. 2648, internationally at 727-873-7618. Welcome back, everyone. Before we went on break, we were talking about basically Hilton just saying we're not going to pay anymore on $725 million in debt to J.P. Morgan Chase regarding large buildings. So just to quote a little bit more of the group's CEO, he says, now more than ever we believe San Francisco's path to recovery remains clouded and elongated by major challenges. A week or expected city-wide convention calendar through 2027, this will negate, excuse me, negatively impact business and leisure demand. And so, yeah, a lot of this in some ways is reflecting kind of the issues that exist in San Francisco itself. But there is a larger-scale issue regarding this that's going to affect everyone. What I'm pulling on here is this article and this is half of big multinationals plan to cut office space in the next three years. Now, of course, we're talking about hotels, but let's look at large real estate in general, right? Survey shows how companies are adapting their property portfolios to change working patterns. And there was this conversation, I know Jamie Dimon was talking about in Elon Musk, this really big emphasis on working on the office and that's super important for sure. With everything that's happened, even prior to COVID, right, like in 2019, you had, and I would say even earlier than that, but it really took off in 2019, this idea of digital nomadicism, right? When I had traveled overseas in 2019, everyone that I was staying with in the hostel was a quote-unquote digital nomad, right? And it's almost just become kind of ingrained into the daily work. And there's an effort to essentially corporatize this, okay? So, you know, don't go in some area that's, you know, 12 hours exactly opposite. You need to work at these times no matter where you are. So, corporations are building in this idea of nomadicism, even with people who aren't just contractors. So, it's assumed that this kind of office space, excuse me, the demand for it will certainly continue to decrease. So, about half of large multinationals are planning to cut office space in the next three years as they adapt to the rise of homeworking since the coronavirus pandemic. The Night Franks Survey of Executives in Charge of Real Estate, 350 companies around the world, that together employ 10 million people found that among major groups cutting their footprint, the largest number was aiming to reduce space by 10 to 20 percent. That is pretty significant. It'll be interesting to see how we adapt away from that. One of the tigers I speak to every morning, he lives in a big city on the east coast. You know, their buildings there are beautiful, so you're not going to really, even though they're not being occupied, you don't really want to get rid of them. It'll be interesting to see kind of how the free market adapts to that, whether that at some point will be used for housing, storage, whatever it may be. It'll be interesting to see how that adapts. And I would say keep your eye out for any opportunity in the next few years regarding addressing these kind of issues. But, you know, even to give you, and we can run back a little bit, you know, with Hilton, obviously that's hotel, but let's look at the large spaces even in residential, right? I have a family member who essentially works with, you know, essentially acts as like an investment bank to help people invest in low-income housing. This helps them pay less taxes, right? So we look a lot at, let's say, this particular example will be insurance companies, okay? They had one where they had purchased this low-income housing building that's somewhere in Chicago, and they had paid something, I think, like $78 million for this whole kind of portfolio, right? And then five years later, and this was in like 2020, 2021, an insurance company came and paid something like $300 for it, right? And this is really showing you how quickly these kind of investments just skyrocketed. And on the long term, obviously insurance companies kind of get knocked out pretty consistently for doing stuff like that, but if you apply that to everything, these large kind of investment buildings, whether it's commercial real estate, whether it is residential, whether it's something leisurely, there's going to be some problems regarding it, especially as the economy is in this kind of strange little spot. So it says here nearly half the company's surveyed are also planning to change their headquarters the next three years, we've seen a lot of that, essentially, especially with footwear. However, a majority of smaller companies are planning to expand their office space, which is kind of an interesting little balance to that. On the same kind of topic, more so just, honestly, in residential housing, this is kind of just a neat little story, and I would say it definitely does, there's a little, like kind of diverting for the point on this, dating from the point. Anyways, I found this interesting, it's the Supreme Court overrules local governments for seizing homes. There was a story that came out of this lady, she was, I think, in her 80s, and she had owed, I don't know, something like $1,000 or $2,000 to the government, and it was for a very long period of time, and this was in California, and the government decided to seize her house. That's not even close to the same amount of value. The Supreme Court, or at least some law firm, had done some investigation and found that this is actually pretty widespread, and the Supreme Court finally ruled on it. And this is that local governments who seized two homes over unpaid tax debts and kept sale proceeds, so they were taking the asset and then selling it, and then keeping essentially the profit out of, you know, the cost of the payback, the person's debt. They ruled that this was unconstitutional, and no doubt. And this case came out for the Pacific Legal Foundation, which represented the homeowners in both cases, released a report late last year saying that 12 states and the District of Columbia allow local governments and private investors to seize dramatically more than what is owed from homeowners who fall behind on property tax payments. PLF is a national nonprofit, so it's insane that they can do it here. We can look at it. This is the lady I was talking about. Geraldine Tyler owned a modest one bedroom. The rent on her new apartment stretched her resources and she fell into arrears on her condo's property tax bills, and this was 2,300 in tax owed, along with 12,700 penalties, interest and cost, wild. The condo was valued at 93,000, and the county that seized it sold it for 40,000 and kept 15,000 over and just put it in their coffers. Pretty insane, and this appears to be a little bit more widespread than any American, I feel like, would like to think, right? We could all at some point, you know, knock on wood, we don't, but end up in a situation like that. So, they're calling it home equity theft. Very, very interesting. Supreme Court did its job on that one. Very interesting, but we'll see how, you know, what's done after that in order to actually, like, you know, make amends and pay back debt. Another big news, the SEC obviously is suing Coinbase, saying that they were unregistered, essentially. SEC sued Coinbase on Tuesday, alleging the company was operating as an unregistered exchange and broker, and that 13 assets listed on the platform were considered crypto asset securities. The regular asset exchange be permanently restrained and enjoined from doing so, and the suit comes just one day after the SEC sued Binance and its former, excuse me, founder, CZ. Folks, stay tuned, we'll be right back. Kathy Woods, believe it or not, just bought a bunch of Coinbase. As a precious metal, gold is still king. 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TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern, for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts, to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. 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. Oh, yeah, so Coinbase is getting sued, essentially. The purpose of this, or at least the way that the SEC is approaching it, is that they're selling securities, basically, or they're providing a platform to purchase trade securities. And the question is, what makes something like a quote-unquote cryptocurrency, right? What makes that a security? And it's not really... I've heard this, or seen this talk, rather, on some forums. It's not really that you're expecting an increase in value from it. You could just say the currency is appreciating. But really what it is is that quality of staking, right? So, basically, you lock up your liquidity to lend out to people and you get more back, right? And that's essentially what they're saying kind of makes it a security. So, this dropped significantly yesterday, but what I wanted to bring up is Kathy Woods actually purchased a ton of it. And I feel like we should have, I don't know, some kind of new metric. Like, if Kathy Woods is still buying stuff like this, that there's still a ton of money, basically in the economy, right? They bought 419,000 shares of the cryptocurrency Tuesday and this tumbled 21%. You know, if you still... If you believe that coin's gonna come back, and Kathy obviously does, and she's always been, like, ahead of the game on stuff like this, or at least looking forward to different kind of, you know, like revolutionary ideas, at least, you know, in our culture. This would not be a bad buy, obviously, it's a massive dip. I'm just concerned personally that, you know, like, why would I not purchase this right now? And it's just, I always feel it's kind of a bad idea to go against the U.S. finance behemoth, right? Like, and again, I could be totally wrong and this could honestly skyrocket back if it beats the case, right? But it'll be interesting to kind of see how they're gonna argue that, well, what we're doing couldn't really be classified as a security and it really is just a currency, right? However, the way that it really does function, you know, especially with things like Bitcoin, like people are buying this so it appreciates and they sell it off and then they keep interacting or at least using USD for their daily life. So we'll see how that goes. Very, you know, cowboy move by ARC and so we'll see if that pays off. It'll be super interesting to see. Let's see as well, kind of more on it. El Salvador, if you guys aren't familiar, you know, the new president, he had moved everything over, not everything, but a large amount of money over to Bitcoin and started basically accepting Bitcoin. And what they're gonna do now, and this is wild, is they're gonna use volcano energy. They use energy from the volcano, renewable power, in order to mine Bitcoin. This is pretty nuts. The country of El Salvador is tapping into its abundant natural resource to create, quote, unquote, volcano energy. According to a press release sent to Bitcoin Magazine, the aim is to position the country as a global, excuse me, major global player in the Bitcoin mining industry while promoting energy competitiveness, diversification and geographic expansion for the Bitcoin network. Adopting a debt-free approach, El Salvador plans to construct 241 megawatt renewable power generation park in Mehta Pan region. Very cool. You know, I mean, it's cool from the sense of, like, this is just a strange world, you know? And the president of this country, he's a younger guy and this is what you get, in a sense. And, you know, there's easy ways to kind of, I suppose, poke fun of it. But, you know, this idea, this desire to mine Bitcoin, right? Of course, this is a new idea. This is a risky idea. It's totally not standard. So I can respect it from that perspective as well. But also the idea of just basically making, essentially like a geothermal plant and getting power from a volcano, I think is amazing. And with that, I've been done. If the end goal was not to mine Bitcoin, I'm not sure. There's such an alert to doing that. And, you know, El Salvador, if Bitcoin, you know, stays, you know, quote, unquote, strong and it moves higher to where it was a few years back, that could be really positive for El Salvador. Super interesting, regardless. So yeah, we'll see how that pans out with Coinbase and CZ is obviously getting hit pretty heavily as well. There's some little bit of talk going on regarding Shopify. Let's see if I can pull it up here. You have some analysts really liking it. They're reducing their kind of logistics portion. I think they're letting go of some of their staff as well. And there's a big focus on essentially integrating AI. And of course, that's become almost like a buzzword, right? If the company uses AI, you got to get into it. But, you know, Shopify is so, so massive and they have great solutions, great plugins. And if you have a native AI built in for whatever, right, whether that's marketing or, you know, any kind of, you know, advice on how to price your products. I mean, this is pretty big, right? Even just getting decent data from some kind of native AI would be massive. And so it's definitely been flirting with this last day with volume here. Like the lowest at 53.98. It kind of touched that at the beginning of April, the 55 level and just really kind of resisted it up on, you know, some moderate volume. So take a look at it. I think let's take a look here. Interesting. There we go. You've really had some pretty extreme movement on it, even with volume, and, you know, even today, you had a nice jump down there. Anyways, take a look at it. This will be kind of in the future, I would suppose, with it, I would say in the next few months. But a lot of analysts are looking at this as a buy. I'm probably not going to get into it at all, but, you know, I've used Shopify in the past. Shopify really helped small business owners kind of just function, you know, it's massive. So, anyways, another big thing, and I was actually sent this by Zee, so thank you very much for emailing me that, is some issues with corn. And there's basically a big drought going on. Here's the futures here, or the one minute. We're just going to pop them in three months there. So this is basically a huge drought in the Midwest, and this is the U.S. corn crop that deteriorates after Midwest hit by the worst drought in decades. Farmers in the core belt states have been very concerned about their crops this spring as drought expands across the heartland. About 64% of the nation's corn crop was rated good to excellent in the weekly report, and a 5% point plunge that was most significant, it was the most significant decline since August of 2020. And that drop was more than double of any analysts surveyed by Bloomberg. See if I can get the picture for it. This is a nice one from the USDA, and this is the major drought area. Anyways, I'm pretty insane when you're growing everything right in here, yeah? So not exactly what we need when food prices in some capacity were just starting to come down, at least regarding eggs, right? We got over that avian flu scare, but certainly on the outlook of inflation, this isn't super great, especially if there really is a massive increase, I would suppose, in prices. So let's see too. Yeah, it's nuts. Seriously, look this up on Twitter or something like that. You can just see that it is so dusty. 34% of corn production is in this area right here. So take a look, act accordingly. I know Basil is great at looking at the commodities, and then obviously our man Larry, if you're staying tuned for his show today, definitely ask him and see if he has any good entry points for him. Folks, stay tuned. We'll be right back. We're going to talk about Shell a little bit, a little bit about China, and a little bit about pharmaceuticals. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. 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. Fibonacci 24-7 newsletter today. tfnn.com, educating investors. To obtain a Perspectus or Summary Perspectus, please contact Direction Shares at 866-476-7523. The Perspectus or Summary Perspectus should be read carefully before investing. An investment in the funds 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. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back. So, we have another Hindenburg report. This time from Tingo, ticker TIO. Tingo is, they essentially provide, quote-unquote, you know, supposedly, I suppose, provide like cell phone devices, communication devices, and other kind of tech to Nigerian farmers. All right, this guy was focused, what is his name? Dozi Mamwasi? Mamwasi. He was featured on like GQ, touted as a billionaire, doing all these, I'm like such like a once-bitten, twice-shy kind of guy regarding any companies in Africa. There was, it was called Yumiya, and they were supposed to be the new Amazon of Africa, right? And this is when I was really young and I invested in it. It definitely got pumped and I was greedy and I was like, I could definitely still make more money on this. Definitely could not. It collapsed and I started doing more research. The company really doesn't have anything together. This is Yumiya I'm talking about. And you'll start thinking like, there's not very good infrastructure in a lot of places. Of course, your larger cities for sure are, that's a positive, but I'm just always so hesitant now to look at any company coming out of Africa that does these kind of things. So Tingo, according to Hindenburg, completely fabricated everything and they started looking a little bit more into their CEO Dozi and he has this company called Tingo Airlines. Turns out he didn't own an airplane at all and he photoshopped the pictures, but he got a ton of money regarding that. He already has been charged with fraud in Nigeria, made up the claim that he had a PhD. He has a food division, right? Seven months old and claims $577 million in revenue, last quarter alone. So, you know, I'm going to link this web page from Hindenburg. The bullet points, I mean, it just goes on and on about all these kind of false claims. So anyways, this just crashed today and this is definitely going to get delisted and I don't know, I'm sure nobody's probably invested in this because I had not really heard about it until last night, this morning, but quite a big move and it's just always interesting seeing something come out of Hindenburg. I know there's some criticisms of Hindenburg and maybe some of their practices, but super interesting article anyway. So we were talking a little bit about some signs that the economy's still not pumping as well as it could be. However, let me see if I can pull this up for you guys. At least in the realm of essentially like textiles and clothes, it seems like there is still quite a bit of money to be spent and I know we were talking about that a few times ago regarding some more like luxury brands such as purses and all that, but this here is Inditex which owns Zara. I'll just click off this here. How does Strong start to the summer? Sales of spring, summer collection rose 16%, net profit of 1.2 billion and this isn't even necessarily brands that are kind of price prohibitive in a way. Obviously Zara is like a little bit upper scale or whatever, but it's not like what we were talking about in the past where some of the wealthier people who are definitely padded from inflation or kind of economic hardships, they kept spending because they had the money, but this is interesting to see as well, like even just more kind of middle of the road price-wise, companies are doing fine. So it said Wednesday sales of its spring, summer collection gathered to a pace of to jump 16% in May, mitigates higher wage costs and keep customers on-sided during a cost of living crisis. The world's biggest fast fashion company reported better than expected 54% rise in net profit of 1.2 billion euros for the first quarter that ended in April, exceeding now analysts average expectations of 980 million euros. In-store online sales rose 13% to 7.6 billion euros in the first quarter, in line with 13.5% seen in the first six weeks of the financial year. The results show Inditex, whose market capitalization exceeded 100 billion euros for the first time last week, has managed to stay competitive while raising prices, mitigating cost pressures, including a 20% rise in average wages. So that's pretty phenomenal. You know, I'm sure that a lot of this has to do also with kind of the leadership of this company, but it's just interesting to see when, you know, we should be seeing kind of spending slowing down. You know, this is the Europeans, but, you know, you would think they'd be hitting even harder, right? So pretty interesting to see what happens. Also, in some more ways to kind of gather in stuff, we're looking at Starbucks here. This is just an interesting way to see how they're adapting to new markets, essentially, and they're brewing up cheaper drinks, essentially for Indians, the Indian people. And this is a way that they're trying to really maintain kind of essentially profit in this kind of economy. Starbucks is revamping its strategy to lure Indians, including children, with smaller, cheaper beverages, as it looks to expand into small towns amid a fierce challenge from domestic startups in one of its fastest growing markets. Among the first foreign coffee brands to enter tea-loving India, the U.S. giant... I mean, seriously, what an undertaking on Starbucks. I mean, that is, you know, risky. India is serious about this. The U.S. giant has taken almost 11 years to open 343 stores in contrast with private equity-backed chains, Third Wave and Blue Tokai, that opened 150 in the last three years. So, you know, I mean, really, you want to invest in something like Starbucks, because they're just so widespread, right? Of course, you know, you can suffer a little bit if a country like India kind of takes the hit, but at least they're there, they have their head in the game, they have their feet in the water, and that's pretty positive. Some more general news, and this is Shell pulling the plug, essentially, on the European retail energy arm. Shell decided to exit its retail energy business in the U.K., Germany and the Netherlands. It'll be interesting on a side note, it'll be interesting to see what happens. The PM of the U.K. is trying to create, essentially, like an economic pact with the U.S. currently. You know, it makes sense. I think the U.K. is the biggest partner-spender regarding military, right? So, it'll be cool to see if they can make a deal and kind of what that looks like, especially with the U.K.'s exit from the European Union a few years ago. So, Shell decided to exit its retail energy business. This is octopus energy. The Ovo and British gas have reportedly expressed interest in buying Shell's U.K. retail business. Shell Energy, which currently has nearly 1.5 million customers, was created with the acquisition of first utility. So, they're exiting the retail markets due to poor returns, essentially, right? The move comes out of Shell's strategic review of its European retail businesses, which was initiated earlier this year in response to challenging market conditions. Shell said in a statement, that review has now concluded as a consequence that we intend to exit those businesses. As sales processes is already underway, with the intent to reach an agreement with a potential buyer in the coming months. While Shell has previously adapted to changes in the energy landscape, the exit from retail energy sector in these three countries highlights the considerable challenges in narrowing profit margins faced by businesses in a highly competitive and rapidly evolving market. But, you know, this is a positive in some way, at least for their shareholders. If you're just spending money and there's already people who are kind of situated into that market, just get out and you'll be better for it at the end. So, you know, in some ways this does create, you know, a void, but there's already so many other providers in these three countries that I think it won't be long lasting. So, folks, stay tuned. We'll be right back. We have exciting news, Tigers. This June, Tim Ord of the Ord Oracle will be hosting two webinars, providing insight into his renowned market timing methodologies. On June 8th, Tim will delve into the S&P 500, teaching sentiment indicators, identifying market bottoms and divergence, and so much more. On June 15th, Tim pivots to the gold market, taking a look at cycle analysis, ratio studies, advanced decline indicators, and other important tools for analyzing this sector. Sign up today on TFNN.com. TFNN, educating investors. Tommy O'Brien delivers options and equity trades when the markets present them, using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options Report today with a 30-day money-back guarantee so you have nothing to risk. 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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. So, some big news as well as Merck is suing the U.S. government over drug pricing reform. Basically, the Congress passed a new legislation called IRA, which essentially allows Medicare and other kind of programs to Why can I not think of the word? To negotiate pharmaceutical prices. This goes away from the model. What these pharmaceutical companies would really do is dump a ton into R&D, and then they can kind of just charge whatever they wanted for it, right? There was a congressional hearing I'd say a few weeks ago I was listening to, and Congress was essentially asking people with insider knowledge kind of how this works, right? Merck in particular could kind of be hit pretty heavily by this. They have a cancer drug called Ketruda. A lot of these drugs are just so cost prohibitive, right? As the government is kind of going on, they don't think want to pay as much, and so these government regulators are going to be able to argue down quite a bit. Basically, Merck is calling this extortion and violates a constitution at least two obvious respects. This is the first major drug company to file a lawsuit, but they do think that others are going to come about. But you know, folks, something kind of needs to give a little bit with this. It will be interesting to see if I would suppose that the quality of the manufacturing of research goes down. I'm not really sure, but what I do know is that these drug prices can be so expensive. And when you're in a situation where someone is really suffering from something and the only thing that they might be able to take in order to get better and survive could easily bankrupt them. So this is an interesting move by the government. It'll be interesting to see that sticks around. Before we end, one thing I love bringing up some interesting research that comes out. This is from the University of Texas. It illustrates how caregiver speech shapes the infant brain. Essentially, folks, talk to the toddlers, talk to the infants. They benefit very positively from it, increases white matter. It's really good. Folks, thank you so much for sticking with me. I think Steve might be back tomorrow. I'm not sure, but either way, have a great rest of your day. Stay tuned. We have TD Ameritrade up next. And then we have Larry. Stay tuned.