 The following is a presentation of TFNN. The TFNN Bull Bear Trading Hour. Every trading day, live at 10 a.m. Eastern. Call now toll-free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Trading Hour. Now, Tommy Ants, Tommy O'Brien. Welcome, folks. Appreciate your garal and a problem with us out here. We have the Dow Industries up 8, Nasdaq down 24, S&P's our 4, Gold contract up $4.50. Trading at $15.13 an ounce. We have Silver up 4 cents, $17.08 an ounce. Light Sweet Crude. Slammed. Down to buck and a half, $53.88. We know there's plenty of oil. China can put a tariff on oil. Guess what? There's oil everywhere. Notes and bonds. You get the 10-year up 4, 6-trade in $130.13, 30-year up 1 at $164.04. Now, both notes and bonds this morning, folks, have rejected lower price. They want higher price, lower yield once again. King Dollar. King Dollar up 56-trade in $98.120. That's been moving all over the place. Looks like it's going to fail at these highs, though. Couldn't get into that high of August, which we're trying to get into. The year is at $110. The yen is out here at $106.5, and the pound is out here at $122 to $1.US. We get over and take a look at these S&Ps. I said to you, where do we start? What headline do you want to talk about? Right. Well, you know, I think... We'll slow late August, right? And then not quite, man. Where are we going to go? We all came in expecting that it's going to be Jackson Hole. That's one of the things. Guess what? It's not. It's bottom line. You have China move that market down fast, furious. Powell just came out. He just started. That popped the other way, so he gets down to what? $29.01. Pops is a $29.17. Sure. And so let's bring everybody full speed. They might be tuning in, right? China put in tariffs. Additional goods, 8 a.m. this morning. You're talking about autos, $75 billion worth of goods. Auto companies crude specifically 5% tariff. Soybeans. Soybeans, additional 5% tariff. I saw pork in there as well. Lots to digest. And then we have Powell just started talking at 10 a.m. His remarks being released right before he began talking, I believe. That's why you see the pop on the other side of the market. And it looks like it's a calm market if you didn't know what we've been doing, man. But that dial traded down about 250 to 300 points on the tariff news. And then it just popped a good 150 or so for so much points on Powell. And Powell signed a little bit of the market's liking what he's saying, right? And he's saying that they remain ready to act as appropriate. Yeah, they're going to remain ready all right. So if we take a look at the Fed fund futures, we're at 91% for a cut, the September 18th quarter point. We're at 63% for the second cut. I have to be, we're at 100% for a cut. We're at 91 for a 25 basis point. We're at, right? I want to bring people into, yeah. Say that again, though. We're at 100% chance probability for a cut. There's just an 8% chance there's going to be 50 basis points. Well, this is 91.7 there. Okay, following me. This is where everybody, I mean, I'm sure you're not the only one who has questions. Right now we're sitting at 2 to 2.5. Right. A 25 basis point cut would be 175 to 2. Right. That's 91. But a 50 basis point cut would be 15 to 17, which is an 8.3% chance right now in the September meeting. Right. The chance of a cut of any kind is 100% in September. Oh yeah, right, right. It's not a 91% chance of a cut. It's 100%, right? Yeah. Right. Okay, man. I'm going to frustrate you off the bat. I feel like people might have been confused. Well, I'm saying it's a 91% chance of a quarter percent cut. You didn't say a quarter percent. You just said a cut. I'm just trying to be clear. I just want everyone to be clear. There's 100% chance the market says there's a cut. Right. People might hear that and think there's not 100% chance there's a cut. Oh my goodness, there's a 10% chance there's a 50 basis point cut. That's a staggering number for sure. If we take a look at these S&Ps, this is going to get really interesting. So what we have here, folks, is this. Is that you came down fast and furious. The pop was good. You know, you can see that you get some volume on this pop up here. Getting up to that 29-20. So the battle is going to be right here. What pop? We just gave it all up. That's crazy. We just gave up 15 S&P points since I almost did that update at 10 o'clock. It's now 10-10. The deal is here. Now watch this. If you take a look at some of these, actually Daimler, D-A-M. D-I-A. I believe it's going to be. Nope. D-I-A-M. There we go. Right. Daimler. No. Is it going to be Fiat? Is that where? No, I'm looking for Daimler Chrysler. Okay. Do they merge with Fiat? No. I'll find it in the next thing. When you see this chart, folks, of Daimler Chrysler, it's like off the charts, meaning it's been going down forever. Sure. And what it is, or what some of it is, is that these SUVs are made in the United States. We sell a lot in the United States, but they ship a lot of them to China. Yeah. And the draft actually gets almost up to 50%. Yeah. I mean, we're jumping around on this article, right? So the headline, of course, you know, China hits US with higher tariffs. Soybeans, cars, oil, they're going to resume the 25% tariffs on US automobiles from December 15th. It's going to take September 1st. Some of us are coming down the line. Yeah. And December, some of the others, I guess. And, you know, this is an interesting graph here where they talk about German manufacturers, BMW and Daimler talking about that they make six of China's best-selling auto imports BMW alone with that x5 I think a lot of that come in I know that that's South Carolina plant I believe with the SUVs that they're popping out I believe that's a big one for BMW down there so pretty remarkable when you talk about you want American made folks these tariffs are hurting American made BMWs okay those are American workers in that BMW plant that are gonna they're not happy this morning I imagine oh big time some of the let's go inside the Dow Industries let's see what's getting hit there inside the Dow so we take a look at this oh it's gonna be interesting so Caterpillar's gonna pop up there and look at Boeing I mean without Boeing man yeah so Boeing is putting 67 positive points we're down 75 in the Dow United Health putting four apples down putting 17 negative points you get 3M putting 14 you get Goldman putting 13 inside the NDX 100 strength versus the weakness out here you got the strength is intuitive software that come out with numbers last night that's an all-time high up $16 surgical software I believe it's a software it's a coming software it's there you go you're right yeah so the this is all-time highs they come over their earnings yeah most of it to be up to that number man that's quite a chart right you go you go back to 2011 you're $39 and you are up at 291 it's pretty good when you almost can't even find a retracement and there are retracements on that graph but not in light of where it didn't work days up 1.5% taken away from it Hasbro is down at 6.4 okay you got win Casino off 2.8 also Salinas off 2.5 and analog devices is down 2.2 so let's just look at this baby and just remarkable that we have earnings all over the place along with we had tariffs all over the place along with we got the Fed governor speaking all over the place and it's not just Powell man you had some of the other governors right they've all been out they've all been out today this is this is a battle to get the what folks are thinking about the market this is like a head battle you know the and I'm sure that what you had is this is that what they're trying to not do is get us into that December down draft last time that the Fed come out says okay listen you know things are gonna be fine we're gonna take care of everything but what you had there was a speech no action and the market made the Fed turn and say okay we're going down on right man right so it's pretty interesting they're just got a live feed up here in Bloomberg so talking about the January Fed fund futures indicator rate of 1.515 at the end of 2019 it was at 1.53 just before the release of Powell's remarks so things shifting in a matter of minutes here is the remarks become public maybe they're looking for a little bit lower rates as he's open to says he does not use the fray admit raise mid-cycle adjustment market doesn't want to hear that so if he's not talking like that yeah we're getting a pop we're going downtown folks rates are going down stay right there tell me I come right back if you're not currently using the TAS profile scanner when looking at setting up your trading opportunities then your arsenal is short a mighty weapon the TAS profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve doll TAS understands that in today's technological world the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market you also gain access to the webinar that Steve doll and Tom O'Brien just hosted the best way to use the TAS profile scanner to profit this webinar archive is available for all subscribers immediately upon signing up all new subscriptions also come with a 30-day money-back guarantee so you have 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Dow. Dow is down 19 Nasdaq's off 26 S&Ps are off five so let's go over to that oil contract so we take a look at the oil contract this baby has been having a hard time at the 55 level we made it up to with 57 Wednesday you're coming down right now and you're coming down with volume now what's so intriguing is that oils had a hard time at this level but we're trying to put in taps on oil it's saying quite a bit about how much oil China actually has. Yeah it definitely does right the consensus was maybe they would not impose tariffs on oil because China needs oil the other element is is maybe they're just really ready to play some hardball and maybe they're ready to make some sacrifices too right so they might need some of that oil and they might just not care because President Xi doesn't have an election coming up in 15 months so even if it does hurt them maybe they do need that and maybe they're just willing to stick it to America and retaliation even if it is some pain because President Xi is a dictator in there forever and so yeah and if we go look at soybeans so soybeans right now you're at 864 a bushel didn't move them that much you know because this thing's been down forever when you take a look at this chart we take a look at all the actual grains they've been low for a long period of time you know so this isn't like something that just happened yesterday and you can see we've been down at these levels with yes 2014 you know you had highs out here in 2012 1794 a bushel you're basically half of that right now and I think the danger in beans is that 780 is wide open let me see how they had a report yesterday that what was supposed to happen is that the because the con belt had got so much rain they thought that they thought that the the yields weren't going to come in well the largest producer of calm the United States came in with there's going to be more con than last year and you know they this statement was that yeah they were surprised themselves but the bottom line is that the yields are coming in a huge way and so now what you have your these next three or four weeks crucial in the con market basically because they're saying that now it the yield is there now it has to do with in the sun or rain you know this is like the the last three weeks is the most crucial that they actually grow inside those okay look at that shot man yeah crazy if you look at this child you go back to May folks you're at 363 a bushel you June you go back up to 473 right back to 367 yeah crazy so we are talking some numbers out here no doubt the the dollar so all these things are moving around so much it's pretty amazing actually the dollar out here that was looking to get into highs gave it up pretty quick you know look at this thing so we got up to 98455 the high out here is 98700 and then just oh that doesn't even look real interesting I guess I guess it is real there's a there's a pop-up here folks with 1225 contracts yeah but that means that someone was up here selling them so if you watch a tiger TV what you're gonna see here this is pretty wild yeah we went from 98105 to 984455 right when piles spoke yes that's when his remarks became yeah and guess what it only stayed there for a second yeah why don't we put on a minute chart see what it uh go to the minute go to a one-day see how long so it's almost like a tick yeah but I don't know it might not be because that volume there that's pretty hefty it is and even just looking can we get it into the tick let's see yeah see and I don't know how I'm not used to looking at a tick on a yeah you don't get a minute chart you really don't see that much that's that's yeah no for sure I mean it's basically a one minute pop in a in a blip because you can see that even putting things you know the 10 minute looks like that but in one minute it made it all the way back up there and back down so just a maybe that was those programs right looking through yeah AI checking out the the compared remarks as they become immediate immediately available that's right and you get those AI programs trading it hard and you know we go over to the gold what you're gonna see yeah you get you get some action this is Friday and the currency markets folks can really get volatile and looks like gold wants to take off again this will be interesting watching this thing shake out so you get a low out here of 1503 today they're 1517 and see this man this so gold actually went the other way at 10 o'clock but that we're showing the dollar had gone up gold went down it didn't break a swing you know but so that was 17,000 and that was going into 18 yeah I mean you're seeing gold trade basically inverse to the market where you had gold spike higher on the tariff news you had the market spike lower at 8 a.m. I'm talking about yeah then you know on the power marks as you're the market come back a bit you go pull back and if we look at this is pretty wild yesterday folks of the gdx this is about as an anemic you can get out of pullback so look at this yet Monday at Tuesday you go higher with 73 million shares yesterday we pull back with 39 million now we're already at nine so this is gonna be pretty cool because you're gonna get nine sixes of 54 let's say we get 45 yeah well we'll see 30 went down 39 I want to see more than 39 that's for sure going back top side into this 2897 number and let's go see what they're saying about when I don't know if this is a my car my car shown or what so when is down that's big does it say this one no there's not much news actually so they're just I'd say that they're just looking at that that the taff news just in general you keep fighting you never know what kind of collateral damage is going to be out there yeah and all you know 80% of their revenue comes out of the Macau so we go take a look at the XAU the HUI those babies are gonna get some juice out here the X is up 156 so that's over the high of this week the gold bugs index you're up to 18 what that's funny you're up to 18 you're trading to 1852 to 1913 that's the number and hit well okay so this is I want to see some volume in this today cuz we just hit the highs of Tuesday out here how about CRM they're there any yes I did well I think they were holding them steady sales force of course seems like a company continually just crushes it it's it's what a what a business plan they said I mean it's pretty amazing so let's see well the bid but put this yeah just yeah it's still the highs look at that it's quite a monthly bar that we're looking at right now that dips down below 140 and boom just like that we're gonna close the highs for the month 40,000 employees taking four billion in 90 days not bad four billion look at that growth right totally big numbers so today folks coming I come right back iPhone numbers 8779 276 648 we have the Dow Industries right now down 15 Aztec off 23 S&Ps off 8 will come right back that hi folks Tom O'Brien here if you like to get my daily newsletter market insights then now is a great time to sign up for a 30-day free trial every morning by 9 30 I send out my morning letter to subscribers with market commentary on a variety of markets currencies and commodities to keep investors up to date on the day's trading action included in market insights are specific buy and sell recommendations for stocks ETFs and even options which stops and price targets included for every trade in my newsletter if 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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 gonna 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 folks uh dow dow is down 53 and azix off 29 s and p's are off eight let's go over to hasbro so hasbro uh it looks like i'm not quite sure what this is about the trade war or that hasbro has been buying a huge entertainment company um in europe they let's see at first glance entertainment one and hasbro make an ideal bedfella the form that makes kids tv hit peppy pig uh the the latter is the world's biggest toy maker emerge one with the other and you get a combined video and merchandising giant uh so you got uh let's see hasbro's plan 3.3 billion us uh are a 3.3 billion pound which is 4 billion us trying to base the studio it gets yeah they're looking for using the kids franchises and then turn them into tv production right yeah so if we take a look at hasbro look at this so hasbro come up with their numbers folks on the it'll say the 22nd pops higher uh now you're back filling that gap so we'll see uh how this shakes out hasbro right now does five billion a year one that well that's quite a jump makes sense i guess you come up to the christmas quad or whatever but yeah hasbro does five billion a year and uh there's there's no doubt that what has happened is that they all the action figures you know when you turn around and see the action figures and they put them uh into selling toys in the in the the market it's it's a it's a big one don't doubt about that apple we go take a look at apple out here still hanging at highs i mean it's down 157 but this thing you know last high out here in apple is 221 and right now we're laying out there at 210 how about some of the chip stocks uh maybe amd intel in the video because i know what tariffs yeah down slightly nothing too crazy so that's the amd's down 35 uh nv da yeah nothing too crazy but the day is just starting it sure that's where this is going um so this will be interesting watching uh like paul's still speaking we got we have live feed up here right yes we can pull it over nothing too staggering in terms of what's coming over yet um we have in here so this is a bmo analyst i think i'm not sure ian lungin but paul's comments were initially read as dovish but not any more dovish than what came out of the july fomc statement press conference and minutes that isn't to suggest it was a complete not event in fact the market bull steepened further following the release of the text um so there's there's a lot coming over but nothing too staggering just yet right if you look at the 10 i believe what he's saying there is that the market bull meaning inside the notes and bonds you're gonna see that uh we just went up but now this is this is a big move on a 10 year folks we just went up almost a full point we went from 129 28 to 130 20 and remember there's 32 ticks in one point and you're gonna see you get another rejection of lower price out here yeah um you're staying up at these highs and we've been up here a long time man look at this i mean this this that june sit no it's august 6 yeah you know and we're sticking out like a sewer thumb you get a high volume high so that wants to get tested 130 111 and we'll see whether you get another abc structure on the way up we take a look at the 30 year 30 year set up the same way it rejected 162 30 you're at 164 18 and that put that back that is also is laying out that high volume high at 166 30 so 10 the 10 year looks to me like you're setting up on yield this is you're setting up an abc down because it's like you know the and this is a if this is an abc down it's a monster like folks the eight point on this would be two 2.09 to 1.4 and we'll see it try to got up to uh 1.6 today right now you're 1.57 and if that's all this market can do meaning that slight bounce higher that's an anemic bounce and a uh market that very well could be doing an abc structure on the way down so gold has definitely got a hit here and then that's without so get over to that gold market for a second you get buyers look at that up 1510 you just launched the highs of this week and you get volume 24 000 contracts as you blew away that uh small consolidation yeah i mean you get 1546 as volume and now if we finish this out even where we are you can see that you're basically breaking this small downdraft that we've had out here the last uh what 10 days not downdraft but sideways to lower you know this this bar is sticking out like a sore thumb right now you're 225 000 contracts which is big contract volume natural gas let's talk about natural gas for a second because i found out something about natural gas so look at this look at this the we just went from where i'm as flat the s&p um ng let's pull up natural gas for a second so natural gas folks okay so let's look at this for a second you know we know natural gas has been in the dumps for a long period of time what i didn't know and so i was talking to this guy that's in this business yesterday well they'll end up having on is that what he was talking about he was talking about oil and natural gas in general but he was i we were talking about shell and how easy it is that once the shell is drilled you can turn it on turn it off very quickly right well what i didn't know is that he was talking about he said five years ago that there was so many natural gas wells dug that the exact same thing happens with natural gas so every time that natural gas tries to pop at all the people that own the after the wells they can go out there and turn them on and he said even he says a large field so a large natural gas field would only cost like 50 000 to turn it back on nothing smaller ones quite you just the little realm is turned them on now that is huge information i mean i guess people in the business would know that but now i can understand that okay if you have all these wells that you're gonna faucet turn it on and off it's like okay and that's not that's not even talking about how much they have to flare up every time that they are doing a new oil well yes you know because they you know that's that's on the gender too so it's two dollars and 15 cents right we got it that's that's pretty wild there's no doubt about that and those tariffs i saw not hitting natural gas hitting oil but no natural gas tariffs in that announcement just blank and here we go we just went positive folks let's look at this okay seems like pal might be more open to cuts than um some of the other fed governors and some of those minutes hinted earlier in the week so let's take a look so you got okay so now you're right in the middle of the range of today the we've had a 37 point range 36 point range lows 2901 highs 2936 now now the market's gonna say okay what are you gonna do for me now where are we gonna go that's in the s&p's nq let's go take a look at the nasdaq futures almost the same setup lows 7628 look at that that's a 140 point spread so far 8779276648 we have the adab industrials right now uh clara on its way back we're up by 27 nasdaq's up 7 s&p's are up 1 gold's up 13 40 silver's up 23 cents doll's up 36 cents come right back 36 takes if you're in the cd market and looking for a secure investment the tiger 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directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-4767523 the prospectus or summary prospectus 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 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 that's tfnn.com then hit watch tiger tv for the latest market information that was up 54 nas accept eight s and p's are up three and a half uh what's going to be intriguing here is that uh yeah you get a positive market but these bonds are not backing off folks and yeah see this this 30 year is at 164 18 and that's what i'd be basically watching all day long so these bonds don't back off you're going to end up seeing more selling pressure in the marketplace uh and of course what we haven't what i haven't seen yet anyway i haven't seen a tweet from trump yet about uh the impact of uh the taffs from china and guess what you're going to we're going to get one just a matter of uh you know not if but when how long yeah but when right i would assume so yeah the uh so that's pal craft time so let's see with craft yeah they're going to go into junk status look at this okay khc yeah craft hines corporation so that's trading up 14 cents that chart's a mess oh i see okay so craft hines could be hit with a junk credit rating by uh mid 2021 if it fails to turn itself around it's simply global ratings says uh friday earnings of the craft macaroni and cheese hines ketchup in a weaker than expected and the company's sending mixed maxes on expectations for performance later this year the the credit creators of the company needs to cut debt relatives to earnings and that is worried about the risk craft hines could face in the second half of 2019 including higher commodity prices and lowest stocking uh at retailers and just keep going that next paragraph's the one with the nope right yep so they carry a triple b rating or equivalent right now the lowest investment grade rank from all three major grades with about 30.3 billion in long term debt that's a worry for a company that continues to struggle um yeah the company's among the 20 largest issuers of debt in the lowest tier of investment grade excluding financial companies so yeah anytime you're already you know triple b is going to be the lowest in terms of investment grade and guess what you're not supposed to just be missing expectations constantly there because that's going to be a reevaluation which is probably the sb said hey listen you guys aren't even living up to what the triple b rating's supposed to be right and you're missing the mark on even that rating so you better be ready for a junk rating and then junk rating higher borrowing costs oh yeah everything so how do you turn that one around if they do i mean look at this shot it's 97 dollars folks uh in february 2017 down to 25 bucks almost a 75 percent hit basically from 100 to 25 right you know what's amazing is that the the argentina deal it's actually amazing that someone actually did buy off argentina a hundred year i mean they floated a hundred year bond that's like unbelievable at a very low rate i feel what it was but staggeringly low yeah okay so we we got we did we're not going to get disappointed okay so we got a tweet from trump let's see what i think there i've had lines right here i'm going to jump right to it here we go let's see so we got a couple of lines let's see what you see here this is perfect um zoom it out a little bit give a little context they usually get the tweet in toe come on scroll with me so um yeah i guess that's the headline so where where's all right they got one tweet over here with the den right what are they saying there as usual the fed did nothing it's incredible they can quote unquote speak without knowing or asking what i am doing folks this is not how it's supposed to work but we'll continue which will be announced shortly we have a very strong dollar very weak fed i will work brilliantly with both and the us will do great my only question is who is our bigger enemy j powell or chairman g well for a guy that sides with putin not not out of the realm to ask who's our bigger enemy china's dictator or our federal reserve chairman right i don't like that some people do it's the world we live in that's pretty wild then it's that's about as insane as you get the bigger enemy yeah right right maybe the chosen one will tell us quite a little bit yeah it's gonna be in the schools next year you know next year what's wrong with this year that's right that's that so gold keeps going so now now that that's so that little that little tweet that moves the s and p's around let's see what it did i'm trying to figure out i wonder what the all the quants do how they're uh bottom line what they put inside those programs for tweets oh i think those tweets will be at the top of the programs yeah so if we look at these futures folks what you're gonna see is that you know we had come down this morning at that eight o'clock time frame i'm not taking the high but that was i'm taking whether the announcement come out which is 2952 i think it's 2932 at 32 and then we made it all the way back up to 2927 right so this is you know that right there's the battle you know can i make it up and over that level yeah we'll see and i suspect that what you what you're gonna see here is that the day as uh man mr basal Chapman would say has only just begun the day is young right the day is young the day is young no doubt look at that that gold contracts moving man yeah oh i see why look at here we go folks okay so the dollar has look at this bar okay so 97 715 uh is going to be the number you really want to watch closely today because that this number folks okay the dollar keeps going outside of it going into the high range giving it up and this as soon as it has been given it up then there's no more sellers in the way down so you it's been going this has been going on and we take a look at this since last october that being said however is that the dollar has continued with higher highs also from last october it just that was stayed relatively in the same range between 94 and 97 and you pull this up we're going to be here in october before we know it and you're gonna see you're at 97 530 was that's november and you can see this just it's at these highs for a long period of time yeah and the the low in this is like 94 630 but if we failed the last time we did fail the week of uh the second was yeah the second week of august we get that right uh first week first week of august yeah um and now what you get is that uh we'll see we get a failure out here today actually on the continuous contract at 98 260 will be a failure so we're already there in a continuous contract imagine being i'd like to be in that audience out there today and to get a feeling over jackson all yeah exactly you know silver let's go take a look at the silver market out here so silver's also caught a bid oh this is a nice bid on silver okay so silver's going after its highs now this would get intriguing with silver because i don't believe that we've closed here for a while let's see with uh the closing still was 1728 that's 1720 yeah so 1719 right now if we close so silver's going after this uh this high that was generated out here a couple weeks ago and we'll see if we can close up here if you close up here you know what you're going to have here is that you'll have a closing high which is which is pretty cool and you get the volume in it there's no there's no doubt about that yeah i give volume everywhere today with yeah all aspects we're still in earnings tariff news always can drive the market as we all know and fed speak can always drive the market i mean this has been a really anticipated day with um we had 10 minutes this week we had fed governor speaking and then you got the chairman on friday so it's all coming coming together at once stay right there folks tom and i come right back dow dow industry is up 13 nazis down three s&p's the flat gold's up 17 dollars silver's up 30 cents king doll is down 144 come right back i'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets i'm steve rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the s&p 500 for the last 12 six and three months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and i'll teach you the exact set of tools that i use that is transforming into one of the best at what i do sign up for mastering probability today by clicking on the newsletter tab on the home page of tfn.com and get immediate access to workshops where i take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today it's amazing to think that tom obrien started his weekly gold report 17 years ago with the first issue published april 7th 2002 when gold was trading at under 300 per ounce gold peaked at more than 1900 dollars in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run tom obrien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xau hui gdx the dollar bonds south african rand as well as 25 different mining equities with specific buy sell recommendations as of april 1st of this year the gold report currently has eight active positions with an average unrealized profit of almost eight percent for each open trade new subscribers get a 30 day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of tfnn.com don't let gold's next big run pass you by sign up today since 1984 basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining later basil found that computer software which included the standard market technical indicators enhance the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call basil's daily trading newsletter by visiting the front page of tfnn.com cancel it anytime during that trial and pay absolutely nothing get your two week free trial to basil's newsletter the opening call 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 we have the Dow industry is up 60 now it's like a five S&Ps up three and a half golds up 17 dollars and 90 cents silver's up 30 cents and uh king dollar king dollars down 184 at 97 875 and uh no doubt uh volatile is going to continue out here i would say so man five hours left from the trading day watch out and we'll see uh how this baby is going to shake out inside the uh good us dollar here uh because this is this is your 12 000 contract so that's that's contract volume out here today you know we've now we've had this we had this yesterday actually but then the volume did die off you know we'll see uh if there's going to be a differential out here today uh if we do go over to the uh chinese one the i was i was looking at that because there's a few folks that are saying that they're looking for trump to announce something on the us dollar and the one hasn't jumped dramatically we've been out at 7.08 one to one us dollar uh now we're over that seven mark there's no doubt we were at six yeah we're at 699 for for years and uh you know on a long term basis looks like that thing wants to go to eight today guess what friday folks uh you know metals can really move uh that gold contract has volume behind it at uh 19 dollars and 50 cents as does silver so we'll see where this shakes out i'd still keep watching the notes and bonds because the notes and bonds are saying that they still want higher price and that would say to me that you know we're up two points in the s&p but when all's said and done i don't think we're gonna be up because these notes and bonds it's a strong move once again it's a strong move so you take a look at the two we're at uh oh i know let's do the curve so the curve right now five four yeah so two years at 1.554 10 year 1.57 so positive yield curve okay yeah five five because a lot more than yesterday they took out yeah yeah stay right there folks we have fast market coming up next thing we get on man mr bell's the Chapman steve rhodes dave white i'll be back this afternoon thanks bell thanks man hello again and folks hold on for the ride out here today