 The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Let's go to what Al and Tim, but hey Al, what's going on? Oh, it's a beautiful thing. I mean if your listeners don't get the gold report they're missing out. I mean with your gold report you just print in money. I love it. You're my best dad out there Al. Let's go to Jeff in New Jersey. Hey Jeff, what's going on? Great. Hey listen, I was calling to thank you. A few weeks ago you were prompting on your show to fill out that $10,000 grant. Yes. So I filled it out and just a couple days ago I found $1,000 in my business checking account. That's awesome man. That's awesome. Yeah. And I owe it to you because if it wasn't for your prompting I would have just assumed, you know, no way I would have gotten anything. So I wanted to thank you. No, we appreciate you grabbing a problem. Let us see it. Now, Tom O'Brien. Folks, this is Jacob Shoof. I'm filling in for Tom O'Brien again. He is all good. He'll be back next week. Let's take a look at what we got going on. We do have a caller on the line, but let me just get through the kind of what's going on in the market currently. Pretty phenomenal. Yes, mini up 1.25%. I mean we're almost 40 points here in the spy. I mean this is a nice day. We're also about 0.94% NQs up nearly 2%, tech roaring. Dow futures up 1.12% trading right up above that $38,000 level. We were looking at that. We were talking a little bit last week. We had this kind of consolidation going a little bit down and we were looking for a trade above $38,000. Let's see if we can settle there for the rest of the day. Gold contract trading at 2031 up modestly today. Silver lagging behind a little bit. Our boy Copper futures that is at up about 1.2%. Man, what can we say about the crude oil futures, right? A volatile kind of trading range that we're in right now. From that 70 to 75 mark, a lot of really interesting news going on with it that's kind of adding to volatility. Let's take a look. We have Tesla trading about 212. Maybe we could see a little come back in it. We'll have to wait really I would say for next week to see what the move is going to be in that steel dynamics back up in that $113 level. The dollar still kind of strong at $103.28, but trading a little bit to the downside. QQQs up 1.98%. Google 1.92 Meta. Let's see. We'll talk a little bit about why the techs are kind of soaring right now. JP Morgan really blowing up about 1.58%. Bank of America up about 1.43%, coming back up for some reason. About 7.17%. Still don't think the company is really set. And then we have the Bitcoin ETFs are actually doing okay today after a few days of a sell-off. So to begin the show, we actually have a caller on the line. Costa, are you there? Sure I am. How are you, sir? How are you doing all right, Costa? How are you doing? I'm doing good. It's cold in Massachusetts. I imagine it is. I think we're getting a freeze over the weekend in Florida. By that, I mean it's going to be something about 40 degrees or something. So probably not as cold. So what are we taking a look at today, Costa? No more than mining. NEM. I put it as a stop-loss in. Like Tommy said, at 38 and a half, I got back in at 35, about 500 shares. Now I'd like to know where's the coin from here and can I buy another 500 lower? Yeah, so I think we're right here. Right. We were talking about Newmont a little bit last week. A caller had called for the same kind of thing. Obviously, we have a downward trend going on. A lot of these miners are having some issues. One of the things I think is at least good about Newmont currently is we're still kind of on a downwards trajectory, but it is on lighter volume. Sometimes that can suggest, a lot of times that can suggest, that we're going to have a movement to the opposite way. The thing for me with mining right now, and this is my take, and if you want Tom's take, he'll be back Tuesday as well, I just don't know what the catalyst is going to be for it, right? How much lower can we really go down? I'm not sure. You know, we're testing really kind of this low of the year, which is 33.59, and I mean that by like a year-to-date kind of deal. So we're right back there again, again on lower volume. So it seems like there's going to be kind of a run out of sellers, essentially, right? It's just about when do you have that kind of trend reversal that we're seeing. And I think at least right now, that's kind of a little hard to say when we're going to see that take off. Of course, a lot of the miners are having issues right now, kind of just a little bit of, you know, Tim Hort was on yesterday, at least talking about the GDX and its total, and it's just kind of this slump activity we've been seeing. So I was saying to the caller last week about Newmont that I don't anticipate this going down much, much lower, but I just don't know on what timeframe we're going to see a reversal that, you know, we can get back up to something around the 40s. That's kind of my take on it right now, Costa. Okay. So yeah, absolutely. And again, Tom will be back Tuesday as well if you want to get his, of course, you know, Tom goes over so much, so regarding these kind of miners. So thank you very much for calling in. Thank you. All right, let's take a look what we got going on. Hmm, had the... Okay, I wanted to talk about Celsius, right? Because I actually, one of my sinful habits is I drink these energy drinks and I'd really like to get away from that. I got off caffeine for a while and stress just gets here, I guess, right guys? Celsius, huge drop down today. It got downgraded essentially just to a neutral, you know, not a cell or anything that's from Bank of America. Why? The idea is Celsius has actually skyrocketed over the time, right? It is a newcomer to this energy market. It has really knocked, I've noticed on shelves in a bunch of different stores, it has really dominated some of the main space, right? And that's what you want to see with these kind of products. What the analysts were looking at is that Celsius has exploded in growth, but the question is, is how much longer can that go? And I think that, at least from the guy over here at Bank of America, he was saying he seems that this triple-digit growth that they've been experiencing... Let's look at this. In 2021, it was up 140% in revenue and 2022 up 108%. And in the first three quarters of 2023, up 104%. I mean, that is pretty significant growth, okay? And I think what they're saying is that you're going to see kind of a slowdown in this. So how do we reprice this equity here? One of the things I will say about Celsius is I don't think that they have big market share outside of the US. So going forward, that's decent for the company regarding potential for growth. What I'll also say is that they've released a new line of drinks. I think they're called Live Fit. And I'm not a big fan of the normal Celsius, but people love them. And it definitely has a kind of like... Like it's a signal, right? A social signal, right? Like I drink Celsius. This is kind of like the fit, you know, kind of pretty people drink this stuff, right? And they're expanding out to some of the more, you know, gym bros or fit activity. And earlier today, I tried the new product they had that, again, has this really dominant positioning on the shelf. And it actually was pretty good. And I think they've, they're tweaking the recipe. At least for right now, you know, this is some pretty significant volume to the downside. We'll see how much Laura Liz can go. But I do think going forward, Celsius is still kind of a decent company, right? They have everything situated, financially speaking, pretty good. Folks, stay tuned, we'll be right back. 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. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60 minute webinar archive. 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The Tigers Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. 727-873-7618 Welcome back, folks. We're taking a look at a meta right now, about 2.7 percent. Dave, I feel like not gotten as much attention, at least in the, you know, kind of talk around the tech sector, but I think that's going to change. So let's take a look at what's going on on Instagram. Mark Zuckerberg, the guy, he said, the company will have 350,000 video H100 graphics processing units and overall 600,000 H100 compute equivalent GPUs by the end of the year. What does that mean? It means they are dumping a ton of money in developing some generative AI. These H100s are, they are top of the line from the video. This really shows a throwing of big, essentially just a lot of their weight into this. I guess investors like that a lot. What I found really interesting, I'm going to read you a quote that he had in the post. He says, our long term vision is to build general intelligence, open source it responsibly and make it widely available so everyone can benefit. And that's the really interesting thing, is open source it responsibly. Open source is very interesting. You can see kind of like what's running on the back end. You kind of get a better idea of how this thing is learning and the way that it's selecting its answers and going forward. I think that's kind of unique because you're not really seeing a lot of that currently. Now, I wonder if they're positioning themselves that way so that they can essentially pull from all their data on Instagram and Facebook. Because obviously you're going to be pulling behavior from people, from the people who use your app. And that can cause some issues, I would say. So I wonder if open source is going to be some kind of way that they're going to be able to point to that and be like, hey, look, everything's kosher. We're not just taking your data and putting it into some hidden thing. Anyways, I think this is a massive investment from Microsoft, or excuse me, from Facebook. I mean, that's pretty big. We'll talk a little bit about that. Nvidia is up about 3.42 percent at the graphics processing units because they're well suited for parallel computations. Of course, we spoke about that a lot. Anytime you need basically a lot of computations going on at once, not just one single chain, you're essentially going to GPUs. And if you're going to GPUs to learn, excuse me, to teach your AI, you are going to Nvidia. I want to take a look just quickly. I don't have anything currently to say about this. But yeah, I mean, look at AMD is up 5.72 percent. Of course, they were offering some basically replacements to Nvidia. What I mean by replacements is a lot of these guys are buying up GPUs from Nvidia in order to train their AI. Well, you still have a bunch of people on the consumer market who need GPUs as well. And AMD is trying to focus on kind of making, I guess, GPUs that are going to be a little bit more affordable to the common consumer, which I think is a great niche. Again, people are also buying AMD chips, excuse me, GPUs, in order to maintain AI that has already been taught. So that's pretty impressive for AMD. They're up about 5.7 percent right now. I just want to double check. Nvidia's price up about 3.37 percent on OK volume. That's good. I think we're going to see this rally into the future with chips. It's unknown what price meta can purchase the H100, a quantity of 350,000. And these are usually at 25,000 per unit. So at that price, 350,000 is about $9 billion. So if that is accurate, they're spending a lot of money going into that, which I think is pretty cool for it. Let's take a look. We have some more issues going on with, I believe, let's see if I can pull this up. Kind of, we were talking about some slowdowns in EV and how that's kind of going to be an issue going forward. Ford is reducing the amount of EVs that they're going to produce and sell currently. I really would like to find that article so we can get the numbers for you. Yeah. So Ford is cutting the F-150 lightning output, which is pretty insane. So Stellantis was kind of talking about that a little bit. It is one of the car makers cutting electric vehicle prices too fast and might cause a bloodbath in the industry. And this was hours after Ford said it was reducing production of their electric vehicles. And that is really because of weaker sales. Ford said on Friday that it wanted to bring vehicle production in line with customer demand expecting continued growth in global EV sales in 2024. The F-150 has for years been the best selling motor vehicle in the U.S., which is kind of crazy. And the launch of the lightning model in 2022 was seen as an important moment for EVs, essentially. Let's talk a little bit about two. Obviously Hertz sold like 20,000 EVs recently. And then you're seeing in the news everything with the Teslas in Chicago, right? It's just they're not charging in this insane coal that Chicago is having. And this is going to kind of be a native issue for lithium ion batteries, right? That chemical process that allows for power just to be generated is significantly slowed when temperature is lower, right? Now, of course, I'm not a naysayer on these things. Most things can be solved just with a few bright engineers. But I do think that this is kind of a perfect storm for maybe like a short term kind of drop at least on some EVs. Let's see what else we got here. We'll take a look at Ford's price. BYD as well, which is the Chinese EV car maker, is a little bit concerned to about flooding essentially the West. Yeah, Ford is still trading up about 1.59% today at $11.16. It's kind of interesting. Talk a little bit about Macy's going on. This is we're seeing, I think, kind of a general just shrink, right? This is these are the job losses, right? Tech and we can talk a little bit about that going forward. But tech is seeing a significant cut in the number of jobs. And actually, the CEO of Google said it's because of AI. But right now we're talking about Macy's. Macy's down about 2.34%. The department store is cutting 20, excuse me, 2,350 jobs and closing five stores as it aims to streamline its operations. Of course, that's a good thing. A company spokesperson said on Thursday, the layoffs make about 3.5% of overall workforce across Macy's. The company operated 722 store locations as of January 2023 and employed 94,570 full and part-time employees. And that's including the seasonal hires. The job cuts come as an investor group consisting of our house management and we're getting capital. But pressure on Macy's private, excuse me, to take Macy's private in a $5.8 billion offer. The CEO said they're focused on cutting expenses on promotions to boost margins as the company recovers from an inventory glut in 2022. That is kind of rough for them. I don't know what to make of kind of these stores. I could see kind of a cultural shift on a niche level that would prefer to be at these kind of bigger box stores. I don't like ordering things online that much. I'll give you a perfect example. Like this weekend, I was helping my girlfriend kind of remodel essentially her apartment, right? She was buying a bunch of things from Amazon and everything that was coming was just the wrong hardware. It was like two different pieces entirely and it all had the wrong hardware. You have to send it back constantly. And I'm of the opinion that that happens. And I think maybe I have a little bit of a bias on that. Eventually you just went out to Target to buy something. So I wonder if kind of more big box stores can lean into that when they still have these kind of brick and mortar locations. I don't know. Folks, stay tuned. We'll be right back. 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. 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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. 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. Welcome back, folks. We're talking a little bit about Macy's is cutting about 2,050 workers. There's a good point. This is kind of what was going to be expected. This was the point of the interest rate hikes. Kind of downsize these companies. They wanted to increase essentially unemployment and that was the strategy that the Fed had. I don't know. This is what you're seeing from it. You cut down, you kind of consolidate what you have and see if you can wait for the next interest rate cycle to come out and you'd really explode. It's weird. I wonder too, you see the tech jobs, even like Citigroup, Amazon, for instance, they've been cutting down the number of workers because they no longer money is not as cheap as it was. They're just shrinking the businesses that aren't getting as much attention from the consumers and focusing on their main revenue lines. I wonder if this sets some kind of precedent almost. Maybe not a precedent, but a strategy. You wait for interest rates below, you wait for money to be cheap, then you blow up and expand and everyone has jobs and everything's good and then you contract constantly. I wonder if that's the best way to do it. Now I'm not an economist, but I'm sure they're competing ideas on that. It's interesting to see and when people are saying the economy is looking good now, even though you're seeing a lot of these people basically lose their jobs. That was kind of the end point almost. Now, of course, end point was reducing inflation, but that was the method by which they were doing that. We can take a look here. The consumer sentiment actually has increased. Let's take a look here. This is about four hours ago. Consumer sentiment surges while inflation outlook dips. University of Michigan survey shows consumers have grown more confident about the direction of the economy and inflation at onset of 2024 despite persistent worries about a looming slowdown. The University of Michigan's consumer survey of consumers showed a reading of 78.8 for January. That's its highest level since July of 2021 and up 21.4% from a year ago. That followed a big jump in December and comes despite public opinion surveys showing concern about the nation's direction. On a two month basis, sentiment showed its largest increase since 1991. The consumers' views were supported by confidence that inflation has turned a corner and strengthening income expectations. Yeah. There's a lot of ways you can be both bullish and bearish about what's going on. I sometimes bring up more bearish arguments, but the reality of the matter is that the market is going up right now and it seems like it's going to. You had that consolidation and not really a lot of a break lower, like a major retracing at all. That's kind of bullish. It is interesting to how much the consumers' views on how the economy is going really does affect it. It's a chicken in the egg kind of thing. You have these reactions, but you also have these ideas that are kind of pushed. If you're a permeable, which I know a lot of people my age are because we've been told that our whole lives, you're going to say, hey, whatever, these major pullbacks is actually a good thing. I'm going to invest in if it's ramping up. You're like, hey, that proves my sentiment as well. It's kind of interesting. Let me see here. I got a ding. Okay. Let me see. So we have Ronald out in Yuma. Ronald, how are you doing? Good. Good. What are you taking a look at today? S-O-X-S. Okay. Direction shorts on semiconductors. That's the bearish ETF. Okay. What are we looking at right now? What are you thinking with this? I'm not. It just looks like it's overpriced. Semiconductors, NVIDIA, and all of them, to me, and they keep going up. Yeah. So I know Tommy would never buy them. Tom O'Brien, he wouldn't buy them. I can't speak for what Tom would do on that. We wouldn't even touch them at 14 bucks AMD, so you know. Yeah. I have gone burn so many times with SoxS and just trying to short the semiconductors. Every time- No, I never shorted it. I just was looking at it and seemed like 52 week close on that one. The other one was at $30. Yeah, S-O-X-S. It was like at six bucks in the beginning of the year or whatever. The other one's just the opposite. Yeah. Right. So these are obviously the direction. Bull or bear ETFs. S-O-X-L is the bull one. And then S-O-X-S, that's going to be obviously the bearish. That's what we're looking at right now. The way that I see it kind of on the general is the semiconductors are kind of like the hope for the economy. I think people are getting hyped. The more companies are investing in AI, I think some major players now are viewing generative AI as the place to park money. The more money that those companies that are working on generative AI or even general intelligence are going to get the higher semiconductor price are going to go. I mean, we were just talking with Meta. It's suggested that they're going to spend billions of dollars, about nine billion, buying just more of this kind of tech. And the semiconductors are going with it. And the semiconductor really is the major player in this kind of economic transition. I do hear what you're saying. They're extremely expensive, but I do think there's a lot of pricing in for the long-term future in it, which is why they seem so expensive and they are. But for me personally, when I have played SOX-S, even in these past few years, I've had the same sentiment. I'm like, this has got to pull back somehow. I have always gotten pretty burned on it. That's just my position. I would not short semiconductors right now, but that's just about a difference of opinion. Okay, thank you. I got the idea, but right now it just seems like to me it doesn't make any sense because the technology could be outdated in five years from now. And it could be something new. Maybe they'll have, they might not even have software and who knows. That's what the problem with Microsoft was. People didn't want to buy it because they said the software is like the outdated and they keep making it better, but it's just more of an old person. Like, you get the goal that makes sense because it stands behind whatever there is. But if it goes obsolete, then they keep making it better, but it just seems like the technology might get outdated in five years, and then the company might go back down to eight bucks like it was before. One of the ways I see it is that... No, no, it... I'll never go that low now, but I remember people were complaining when Thompson went up to 14, and then it was pulling back to something like eight or nine, and this is AMD, and everybody's like all over because they just bought it at 14. And you know, on Thompson's, at the time it was up from like six. So I had to pull it. It's just crazy. And I don't really understand it, but the SOS-L is the way to play it, I guess, because you've made a lot of money, but... It's a great day. Thanks for listening to me. Absolutely, Ronald. Thank you so much for calling in. It's seriously calling any time. I mean, it's a good... It's really a good thought, you know? So thank you very much. I appreciate it, Ronald. Okay, folks, thank you very much. Stay tuned. We'll be right back after this break. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. 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 and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, Educating Investors. Or L-A-B-D. Direction's Daily S&P Biotech 3x Bull and Bear ETFs. Visit DirectionInvestments.com-Biotech-Today. 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This program is brought to you by VistaGold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks. Let us take a look just quickly at Panera, if it loads. Do we not even have the info on this? Well, we don't have to take a look then, I guess. What I wanted to bring up on Panera is they're having a lot of weird... Yeah, 3... 1493, it must have been taken out or something like that. Anyways, they have some... I just kind of wanted to bring up random news on it just to keep everyone culturally included. What's happening is they're getting sued a bunch now, essentially because they're selling this lemonade that has an ordinate amount of caffeine in it. There's been some serious kind of grave consequences from this caffeine. They just got a new lawsuit today. A 28-year-old drank two and a half of them back-to-back and apparently developed an arrhythmia from it. It's almost this weird thing where Panera is not marketing it now, but the culture, by word of mouth, is almost marketing Panera for every one of this crazy drink that's going to harm you. We, TFNN, take our analysis pretty seriously here. I went to Panera and bought one of those drinks and it tastes like it'll hurt you. It's really just kind of weird news for the day. Let's talk a little bit about what's going on with Google. They're laying off a bunch of people. Cindar said this is going to continue to happen because of AI. This is actually competing sentiment with what Bill Gates was saying, where he's saying, oh, no, no, no. AI is going to help us keep our people and it's going to increase the amount of productivity. I don't know. We looked at that study last week that was saying that a lot of the more trained workers in these kind of desk jobs and long-term education are the ones that have the highest exposure to kind of losing their jobs and you're seeing that happen in Google. Let's take a little bit of a look at this. See here, last January, the tech giants are going to lay off about 12,000 employees, an equivalent of 6% of its workforce, and a bid to cut costs and focus on high priority areas, such as artificial intelligence. It's not just them developing artificial intelligence that they're doing it, but they're saying it's because fewer workers can just do more work. Why pay all these workers? Okay, let's keep looking. The layoffs haven't stopped. Sundar Pichai, he warned staffers this week that there were more to come in 2024, but said that the role eliminations would not be at the same scale as last year's. Divisions from sales and advertising to product and YouTube are set to be affected and that makes sense. We're looking at chat GBT just in the office, just to kind of get a pulse on what's going on with it. I was talking about the new APIs that they have. You could be any person just in your house and you could code one of these kind of chat GBT plugins and the thing is insane. It'll scour the internet for you, for PDFs, for scholarly articles. I've said it, it'll help you make a website and it was really, I mean it's still nascent, right? But even six months ago, I mean it's not close to what it is now and this is the kind of speed this stuff is ramping up. It's insane and I think not focusing on this just as a society is kind of an oversight. So let's take a look a little bit more. It's worth pointing out that Google is not alone making such sweeping cuts. Many of its big tech peers, including Amazon, we talked about them and Metta, have called thousands of roles to rein in wage bills that bloomed earlier in the pandemic. Pushing back against it. So yeah, a lot of the workers have been like, hey, come on man, is this the way that we're actually going to do things? And I think the answer is yes. I think going forward the structure for work is you're just going to need kind of less people overall. And I look at this on like a grander level too. It almost makes sense now and with the Industrial Revolution, you had less people being born, right? Excuse me, you had more people being born, okay? And as it persists, you get less and less and less. That's one of the big issues that's affecting let's say Europe. Of course, we don't have so much an issue here in America because of all the immigration that we have. We can see Japan, right? You have a population explosion at the beginning and then you kind of get this decrease. And I wonder if the pressures on these countries that don't have as high of a birth rate are kind of going to be assuaged a bit because of the higher efficiency that workers will be able to put out due to AI. I think that's just kind of a unique thing. I do think, however, countries with larger populations are going to be kind of in deep trouble on this. I don't know. That's just my perspective on it. Of course, new jobs are always created, but you do kind of for the first time even have large organizations, and we're talking global organizations like the IMF, saying that this could become a big issue of something's not done about it, right? And that doesn't mean you stunt the growth of AI, but it's going to take maybe a little bit more thought from everyone involved, citizens and governments, to kind of figure out how we want to integrate AI into our societies in order to not to stabilize society. So jobs may disappear. Nearly 40% of global employment could be disrupted by AI. This is from the IMF. Almost 40% of jobs around the world could be affected by the rise of artificial intelligence. In a Sunday blog post, the IMF chief called for governments to establish social safety nets and offer retraining programs to counter the impact of AI. In most scenarios, AI will likely worsen overall inequality with it, a troubling trend that policymakers must proactively address to prevent the technology from further stoking social tensions. And you think about that, like that could be a significant problem going forward. We've already seen how AI can be destabilizing, right? And I bring up the that kind of instance of the fake Pentagon bombing that happened, right? And now apply it to the workforce. And when you have a destabilized society, you know, your economy goes down and a lot of bad things kind of come out from that. Sam Altman, the chief executive of a chat GPT maker, open AI, is the biggest backer of this. He will speak in an event later this week, which I'm going to be tuning into because I think that's super interesting. It's from generative AI, steam engine of the fourth industrial revolution. I think it's pretty neat, but it's good getting ahead of it right now, you know, there's no way this is going to stop. Countries are going to start developing their own AIs even personally, and they're going to compete overall with other nations AIs. And I think, I think it's a beautiful thing, but I also think we have to kind of plan for it as well. And it's good to be intelligent about these kind of things. Let's see here. Talk a little bit more about, oh, that didn't work. Okay, what I'm going to talk about is I don't have the AI, or excuse me, I don't have the article up, but I've spoken about it a lot before, right? Going forward, how do we kind of bolster what consumers are experiencing? And the article I was going to pull up was about cars, okay? We have inflation going down. We have the prices of most consumer goods going down. But I think, you know, tying into like what should we do kind of looking forward, you know, as a society, you have cars going up exponentially. It was something like 20% of the US population can no longer afford new cars, right? I think these are just some bigger social things that are going to impact the economy going forward. Of course, I don't have the article, so I don't want to talk too much about it from there. We can take a look at Uber. They shut down Drizly. We're talking about one liquid that's weird for you here, when the Panera lemonade, and now we're talking about Drizly. They bought that alcohol delivery service for $1.1 billion a few years ago. And let's take a look. Uber is trading right now at $65 of about 22%. Uber is shutting down Drizly, the alcohol delivery app. It purchased three years ago for $1.1 billion. The standalone online alcohol marketplace, which is poised to integrate with Uber's food delivery service, Uber Eats, will cease operating in March of this year. Uber said Tuesday in a statement, the shutdown will allow Uber to focus on providing a one-stop experience to its customers. Again, you're just seeing this, right? You're cutting off kind of the chaff. And you see this in tightening economic situations, but this is what kind of revives us. And we can get forward to the next cycle. Folks, stay right there. We'll be right back. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. 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Try any of our great newsletters risk-free with our 30-day money-back guarantee. Just visit the newsletters tab on the front page of TFNN.com. TFNN, educating investors. 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. Welcome back, folks. This is Jacob Schup filling in for Tom O'Brien looking at Palo Alto Networks right now. Why am I looking at Palo Alto? Well, I want to talk more on my cybersecurity spiel. A big hack just took place in Ukraine. Kievstar, which is the largest mobile operator, suffered a massive cyberattack in December. This cost the company $95 million, that is $3.6 billion, say it with me, that's, I guess, the Ukrainian currency. The loss came from the measures the company had to take to compensate customers for the inconvenience caused by the disruptions. And this is what I'm saying. I was talking to one of my buddies who works at an insurance company in the area. And I was bringing up this kind of stuff to him. And it turns out that that company actually does provide cybersecurity insurance. And what was so interesting about it that I kind of realized as I was talking to the guy is that it's, since our, you know, legislators aren't really, there are standards, right? This witness does, you know, you have to do these certain things. And, but it gets kind of increased, right, when you have insurance. And the only way to become insured is that you implement some of these certain kind of controls that they have you put in. I have been against this push from a lot of these larger companies in de-investing in their cybersecurity. I think it's very, I think it's not a good idea. Of course, you can see Palo Alto and they do a lot of other things beyond that. But they're doing phenomenally right now. Of course, you have things like Fortinet as well, which, let me take a look here. It's down a little bit right now, but 60, this is kind of more of a sideways movement that we've been getting since the beginning of the year. But in the biggest news of this is that JP Morgan, they suffered a 300% increase, a 300% increase in cyber attacks last year. Okay, that is insane. And it's so much easier if you're, you know, a threat actor to kind of conduct these things. You need like three guys and you can crack into these networks. They're investing, think about, let me get that number before we go. I have it on my phone. Oh, it's like eight billion or something like that. Eight billion dollars going for JP Morgan is over the next few years on this. Folks, thank you so much for joining me. I will be with you again on Monday. I think Tom will be back Tuesday. Thank you so much. Have a great weekend and stay warm.