 The following is a presentation of TFNN The morning market kickoff With your host Tommy O'Brien Bring everyone. This is Jacob fill in for Tommy O'Brien. I'll be with you for a little while now over the next week Let's take a look what we have going on right now. Of course. We are kind of pre-open right now We have the ES mini so that's the futures down just about point seven seven the NQ's Down about one point three zero The Dow futures down point two five percent. We have gold up marginally. We'll talk a little bit about gold Today it's interesting with it staying at the price level it is especially with such a large gap up in the dollar a lot of the times They're inversely Related We have silver down marginally as well about one percent at twenty three twenty eight Copper also down. We'll talk about oil as well. There's a lot of things going on Right in crude last time I was with you. We were looking at Saudi Arabia and they are Keeping that one million barrels per day restriction that they imposed on themselves They're gonna continue that throughout the rest of the year that obviously sent a lot of prices skyrocketing And it was a difficult time for that to happen as well There's obviously some kind of geopolitical pressure going on regarding that the US is that I Don't want to say historically lows, but But very low reserve For oil so they need we need to essentially add more into our reserves People are using more and more energy across the nation as it's been a pretty significantly hot year However, you have some sluggishness in the Chinese sector And that kind of is an oppressing factor on oil prices as well So we kind of saw oil pull back You know, this is the light sweet crude futures, but we saw a little bit of a pullback Nothing too significant and of course a major jump up from 86 around 86 21 So it stands to see really where future excuse me oil futures will kind of land You know, I've spoken a lot of times on this show about there. There's so many countries at the West And Bargo's essentially regarding oil And it's always interesting to see how that oil still gets out, right? And of course, this isn't usually factored into these kind of prices and you know, how much this kind of illegal oil quote-unquote Impacts the price. It's probably negligible Regardless, there was just a I thought it was interesting since we always speak about it on here You know, Iran has a very hard time selling its oil Around the world and it's I've spoken about the shadow ships that exist, you know, that ship then as well in oil And it turns out that a Greek tanker Was just caught Exporting Iranian oil and they're getting fined quite a bit had about two million barrels of Iranian oil Again, that doesn't impact, you know, really the price of these futures here Obviously since that's more of like a black market kind of deal But it's still interesting to see just kind of I mean as it stands now and as it has for a long time, you know, the world runs on oil and As the book Dune says the spice must flow and the oil must flow as well And there's always gonna be a way to kind of to get this commodity out To other countries and I don't know. I think it's just kind of interesting to see how How the black market kind of works with stuff like that Some other big news Obviously with the bonds acting kind of strange that I saw a lot of people on Twitter actually were taking a long position of the TLT And that came on some interesting Kind of news That people took is a bottoming of it Obviously we're not doing too poorly right now 94 12 So you're on a two week on the monthly I think I think There might still be a bottom to be made In this right you had really strong service sector kind of uh You know data coming out which shows that there might be some level of like sticky inflation going on um Of course, there was some kind of not necessarily dovish but not necessarily hawkish Communication from pal jackson hole also Um, I think with the increase in oil prices and this is something I again I was always saying especially when cpi data comes out um, that this is going to be a that's going to be a major driver of uh inflation And so we might still see rate hikes to come. I'm not sure if we're out of the woods yet on it Um, but regardless, I think there may still be a bottom to be made in uh in TLT You're going on teslas giving back some of the gains from the other day Down about 2.89 pre-market Still dynamic still trading and that bounds that we've been looking at on the yearly Nothing new with that that's setting up for lower price The dx y trading at 105 right now pretty substantial especially coming back. I mean we see July 14 I mean trading at 99 that was in the market rip during that time We've had a really steady climb up a little bit of a back down and then and then massive massive bars to the upside here The qqq down 1.18 percent pre-market google down marginally met it down marginally disney Uh in that kind of embattled situation with spectrum. We'll get to speak about that a little bit as well apple is certainly interesting And you know, we've been having a lot essentially what's shaping up to be kind of a tech war with china We banned huawei devices um certainly among government officials in the us We stopped them from getting some of the chip tech that the west develops Even though they get kind of younger gen or excuse me older generations of that Of course, they had a major breakthrough huawei did with some of their chip tech China today just banned apple phone usage among government employees Uh, obviously china is a substantially large market for apple And uh, this is this is a bar down on pretty significant volume I mean you're trading what at the highest right now on this bar And this is on a daily 188 All the way down to about 182 Something roughly around there And that was something I was always concerned about too, you know, there's there's always consequences with this And I think the us is Kind of in a tough spot right because I don't think we anticipated such a large leap in uh chip technology with china and maybe that should have been kind of expected because uh I mean, you know, they have all of our tech a lot of times right at least consumer wise Obviously, they all have apple phones. There might be a pivot with apple Into india india is another really large. I mean, I think they're the largest population on earth And they're still developing in quite a substantial way And looking to them as being kind of like a new um You know a new market where china is kind of closing off might be an interesting pivot And so we'll see in the coming months Kind of how apple decides to move into that india obviously has a lot of their own kind of proprietary products that they sell to their people um they've actually done quite a fantastic job of of being sustaining uh regarding, um Different tech and products. There's a lot of indian companies that exist and that innovate as well Not for their their people. So let's take a look here. Um, you know, disney's getting rocked pretty heavily This is they're having to dispute with spectrum Essentially for some kind of stream rights and this is disney urges their cable viewers to switch to its hulu plus service spectrum Always has issues. They're they're my internet provider and I don't like a lot of things that they do And I can talk a little bit more on that Folks stay tuned. We have kevin inks up next. We'll talk a little bit more about this After his second stay tuned 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 Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 seven newsletter at tfnn.com When you subscribe You'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from larry on market movement. 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Just visit the front page of tfnn.com I believe we are joined by kevin hanks kevin. Are you there? Yes, good morning jacob. How are you doing? I'm good. Thanks. Good. Just look looking over some art that's A little headline trouble this morning. I think uh China is trying some pressure on apple and Put pressure on the group of companies. They call the gatekeepers It sounds like a Out of atlas shrug some of the comments by these groups, but uh, it's pretty interesting. You've got Well, uh, you know firm here up in the the high 80s You've got a dollar is strong and and Showing no signs of backing off right and you've got yields that are you know firm and bouncing I'm surprised frankly That they're not higher this morning with the data. We just got here at 7 30 chicago time 8 30 eastern the job of saying number was pair was really strong at 216 thousand productivity and cost to sum it up And significantly higher unit cost. So I think it's all You've got some things Times it's not a lot of top A lot of top tier earnings coming out Uh, you know, we'll void and the the market was for uh good news Kevin are you there might have lost kevin momentarily Let's wait a minute to see if we can uh, we can get kevin back on the line Um, what he's looking at is yeah, so you have the gatekeepers obviously these are like massive tech companies Uh in the u.s You have google's part of them Apple as well again, that's getting smacked pretty heavily today Gold is doing is so interesting again I do that even said it in the uh, it's one of the things I remarked at earlier Um that it is strong today it is strong today even with a high Dollar and I think what's interesting about this if I can pull up Uh this article and this is an analysis from jp morgan Give me one second while I Go through everything Oh, I think we have kevin back on the line kevin are you there? Yes, good morning. I'm back. Hey, sorry about that. I think we just had some uh interruption there No No problem So yeah, I I'm interested to what you're looking at about with apple right one of the things I was speaking about earlier Is uh, obviously this is this is a big hit to a massive consumer market that they have And how you think they might pivot in any capacity from this Well, I hear I think that china Is trying to put some pressure on apple right is this part of old Finally being negotiated away some of tonight's the wet bush analyst He thinks it's only going to be about five hundred thousand phones. Okay, they're going to lose Went went when in essence they sell 45 million phones in a year, right? Right, right. So a small drop in the bucket then Yeah, that well, that's what he thinks not Reacting because You know Your spot. I think I think we might have lost kevin again Yep, I'm sorry about that guys. We'll we'll see if we can try to get him back There's there's a lot of interference and just cutting in and out Um Which is a shame kevin always has such a good Such a good input on this and I always enjoy having him on when I'm filling in We'll figure something out about that. Yeah, I hear you there dan Kevin are you there? I'm sorry about this. I'm not sure why we're having such interference Yeah Anyways, that's a shame. We'll we'll try to see if we can get him back on We could take a look at gold quickly I know I was just speaking about that before we had him back on strong high dollar if you if you Our subscriber of the gold report tom Just had a subscriber webinar and he spoke about what moves the gold market strong recommend again 30-day money back guarantee if you're a first-time subscriber I sit there and watch them. Obviously uh Really good information There's a little bit of strange behavior because usually when you have a higher dollar You get a little bit of a depressive movement in gold. We're not really seeing this What does that say to say gold substantially strong to say that the move in the dollar is not anticipated to be uh Long term is there going to be a retracing of this very quickly? It stands to see but This is an article from market watch and this is looking uh an information from the jp morgan strategist And this is investor allocation to gold is at its highest level in 11 years I'm going to try to pronounce this name. It's a greek Try to just led by uh nicolas penna getsoglu Say the implied allocation to gold by non bank investors have led has been led by essential bank purchases Drive data by dividing the stock of gold via coins bars or physical gold ets by the stock financial assets This is implied gold allocation by non bank investors globally And this is 2010 going back to or going all the way up to 2023 Improximed by the stock of gold that is held for the investment purposes by central banks or private investors Holding gold via coins bars or physical gold ets as a percent of the stock of equities so on you guys can read Substantial uptick coming from 2016 at its lowest point Quote-a-quote investors allocation to gold looks rather high by historical standards at the moment And one needs to assume a structural increase in central bank demand beyond historical norms Due to fear of sanctions or general diversification away from g7 government bonds And that's to be bullish on gold This is saying there's a problem with the story and that the latest data from the world gold console covering second quarter So there's a normalization in central bank purchases. Okay, but there was a higher uptick substantially beginning this year in that So regression chart and i'll post these charts at the end of the show In the den so stay tuned for that and if you're not in the den get in it one dollar a year. Come on guys Central bank purchases do normalize and gold may resume its historic relationship with the inflation adjustment bond yields Typically each 100 basis point rise in the 10-year real yield results in a 209 and this is in uh euros Decline in the price of gold and vice versa. This is not the case last year This is the last quote from that gp morgan analyst There is little doubt that the pace of central bank purchases holds the key to gauging the future trajectory of gold prices There's a rise of six percent this year at 1943 an ounce and that is today Pretty interesting. I would say let's take a look at well amc had some moves This is bad news for all the apes out there and this is just a strange They'll they'll talk about this in like college lecture halls But this deal with amc. Oh man So the news They're gonna sell over 40 million shares. This is amc entertainment This was one of the big players in the meme stock era in reddit Um, you have a lot of these guys called apes they that that term For those uninitiated is uh, you just buy at least all of your portfolio into amc. It's usually a high purchase I mean, this is nuts We're trading all the way back down here until At its lowest eight four you for there's a lot of people who got in like around these levels and everything folks Stay tuned. We'll be right back The gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xa u hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee. So you have nothing to risk subscribe To tom obrien's gold report newsletter now at tfnn.com 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 keg stats tiger forex report Teddy keg stat 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 60 minute webinar archive He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today Visit the front page of tfnn.com tfnn educating investors Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either 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 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 educating investors Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv That's tfnn.com then hit watch tiger tv And see before we went on the break So they announced a plan to sell 40 million shares take their stock pretty substantially Um, they went through a one for ten reverse stock split on august 24th That's now nearing its lowest point since january 2021 So the the following extends the entertainment company's woes it says and then it slipped about 84 percent in the last 12 months And 68 percent since january and now more than 73 percent Is last quarter and that really like I said, this is going to show an interesting era um In stock history, you know the since covet there's been such wild moves and so many new people especially during quarantine getting into stock trading and uh These meme stocks are something else for sure I mean a lot of people holding at a loss right now and they're going to be married to the stock Or even worse they'll sell at a loss regarding this It's pretty interesting Let's take a look. This is another super interesting, uh This all right, we'll talk a little bit about this. Um Well here we'll read the headline quickly and I'll talk a little bit more on on this kind of whole thing Texas paid bitcoin miner riot uh 31.7 million to shut down During a heat wave in august. It's just insane as uh, all right So what what goes on with this is you have you have a in order to create more bitcoin, right? You have proof of work, okay, and there are these hashed algorithms that need to be solved Um, so you use this is why gpu's were so expensive because gpu's run parallel um Kind of data processing and this allowed for um hashes to be solved This created blocks of bitcoin essentially and that and then therefore increased, uh the total supply a lot of new crypto Especially with ethereum too because they made the pivot are now doing proof of work. So I have a Some of that I know They have a building that they had purchased and they just have a bunch of bitcoin miners inside of there Um, and so it just works on cracking and solving these kind of These kind of problems all day long As the future of crypto moves forward, they're going to go towards more of a proof of stake um, so this kind of way of of getting crypto is going to go away, but Regardless bitcoin is obviously the number one Even though it is legacy. It is the number one, uh, cryptocurrency out there. So this will continue for some period going forward This is really impressive Um, so let's take a look here during the crypto boom in 2021 riot platforms raking in cash and bitcoin mining The company is losing so much money that it's counting on energy credits from selling back to the texas grid to keep its costs under control Riot said on wednesday that it earned 31.7 million energy credits last month from texas power grid operator air cop The company generated the credits by voluntarily curtailing its energy consumption During a record-breaking heatwave The total value of the credits to war the Bitcoin the company mined in august worth about 8.9 million dollars at the end of the month August was a landmark month for riot and showcasing the benefits of a unique power strategy. Okay. Yeah sure There's been a lot of interesting like talk on on what to do with this. Uh, there was even Conversation I think a few years ago With the governor of wyoming trying to use just like geothermal or nuclear in order to power bitcoin mining as a source of income for the government But it's just I don't know. I still think this is like really interesting and just kind of underlines to Just this almost like voodoo transitional time we have in the global economy, right? so And yeah, obviously the price of these things at least to generate them is really tied heavily To energy prices the electric liability council texas and this is what air cot stands for has a relatively simple and mutually beneficial agreement Uh, excuse me relationship with bitcoin miners the agency through established demand response programs Pays miners to reduce their power so as not to over stress the grid when the air conditioners need to run at full blast In addition to the summer difficulties air cot also failed during the fatal winter storm of early 2021 air cut has historically struggled with fluctuating energy prices and sporadic service So it strikes deals with flexible energy buyers like crypto miners The agency also counts on bitcoin miners to soak up excess power when there's too much supply keeping prices in check How fascinating is that? Texas has made itself an ally to the bitcoin mining industry through credits But the financial incentives hit a snag in early 2023 bill to cut off the mining industry from those credits sp 1751 Past the texas state senate in april, but ultimately stalled out in house committee super fascinating So I'll read a little bit more about that after the show today just because uh I think that's kind of neat Let's take a look as well. I have my headphone falling out. Give me a second All right, let's see This is interesting too. I was talking about, um Insurance with people my my car insurance has gone up significantly I moved to st. Pete from another area in the county And they found me out And they they really raked up my energy costs We're having a major move and I see more and more every day Especially with an influx of people from other states, especially california or colorado Um with electric vehicles, right? We obviously had a scare with idalia the hurricane that just passed through that did cause some flooding um You know, so one let's just say Okay, you have an interesting thing that occurs when you have any kind of like Disaster that happens, right? And there is some evidence that people will leave some of their older cars or cars They don't really care about or whatever kind of in flood zones and and again, this is much more like There's some indicator that this occurs, right? But there has been some kind of study going on with it And these people then File insurance claims Get some money and then, you know, do whatever they want with it going forward probably get a nicer car or something like that What's interesting about being in florida and we're having all these people from out of state move in From maybe more, you know progressive States regarding electric vehicles Is that we're going to see maybe an uptick too In kind of these claims and so this is a big issue that occurs with teslas and other lithium ion Kind of focused cars electric vehicles in general exposed to saltwater. They can catch on fire This is kind of old news, but I still think it's interesting too and another hurdle That this country is going to have to make Moving towards some of these more greener technologies um So yeah, the flood waters here could cause their cars to suddenly burst into flames If you own a hybrid electric car That has come into contact with saltwater due to recent flooding within the last 24 hours It's crucial to relocate the vehicle from your garage without delay And this is the department said in the facebook post Saltwater exposure can trigger combustion and lithium ion batteries If possible transfer your vehicle to higher ground The warning also applies to electric golf carts scooters bicycles with lithium ion batteries Potentially sparking a fire when they get wet More specifically salt residue remains after the water dries out and can create bridges between battery cells So they share Ions between the battery cells Potentially creating electrical connections that can spark fires This was a big thing that happened last year in four mires as well With the hurricane and we we saw a massive uptick in claims as well from that now granted that was a very miserable hurricane for a lot of people in that area So anyways, we'll see how we kind of like deal with that going forward as I always say you can never quite know the future Looking a little bit here Lockheed Martin doing quite well They're trimming the delivery outlook for f-35 stealth jets and I've always liked these defense Defense sector stocks Because there's always a business for it for better or for worse and whether that's organic or not We'll look a little bit more at this story in the stock as well when we get back folks stay tuned 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? 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We are Uh, a little bit, uh sideways down in the yes mini sideways down in the russell Uh sideways down in the nqs Gold sideways as well Maybe another one of those days too early to tell tesla recovering a little bit I think we'll see how they do as well And apple really cooking at that down 3% All right, let's take a look back at lockheed martin. They had uh Quite the dip recently and this wasn't extending out some of their new updated tech into 2024 That doesn't really show it Just looking at things at the yearly just to see how it goes So quite a substantial drop from 440 Down to the 425 area So let's take a look here This is their new hottest thing and some of their quarterlies weren't solid as well Their backlog wasn't as poor as it was the uh fiscal year prior But they still were having a little bit of issues So this is lockheed martin is saying in a regulatory filing that it now expects to deliver 97 jets in 2023 And that's down from the previous forecast between 100 and 120 jets The company expected to deliver the first f35 with the technology refresh upgrade in 2023 But it now expects the first upgraded jets to be delivered between april and june 2024 This is a quote from the company as a result We now expect to deliver 97 aircraft in 2023 and that's a tr2 configuration the tr3 is their you know again Their new updated kind of systems Which we do not currently anticipate will impact our 2023 financial outlook See here. I want to see the part where it's This and this is the number one thing. Oh come on. Where's that? Anyways, the point is is they're pushing out some of their newer stuff into 2024 when they announced They were going to be doing it in 2023, which is not good looks for the company again I don't know. Is this is this a point to buy? They're a solid company and have been for eons they are totally A substantial part of the mosaic that makes up the you know military industrial That complex that occurs Which is you know, I guess good business in some capacity So it's interesting to watch what happens with that And it's interesting to see them too having such a substantial kind of glut, which is what's going on. So I'll take a look at that too as like the week goes on as I come back and fill in for tom or steve or anything like that We'll take a look too at roku and they're laying off about 10 of their staff And people love that people love when companies do that as well Obviously we had a big run up on some volume coming back down as well to the 85 I think we had lowest this year at least around this level You know coming back to volume on this I'm not sure you have like a head and shoulders thing going on here or reverse one of that um Yeah, this is interesting actually I mean you had a really big saw. I mean, this might be people kind of getting out of this area I don't know what to make of this actually right now You know, you have big volume on this massive leg up If we back down, I guess we'll have to wait to see what it does today. I'm going to go on the daily Yeah, just some more down sideways movement at least right now here Fascinating They laid off 10 percent of the workforce that's soaring at higher last wednesday Roku said in addition to the layoffs It would slow the pace of hiring consolidate office space reduce its outside services and perform a strategic review of its content portfolio to save money And that's the name of the game right now. I always say what's so interesting with meta You get this massive tick up and it's always because they're uh cutting something that they had over extended themselves into This is just general kind of housekeeping for roku But this is really one of the main drivers that will like send stocks so much higher And we haven't seen a lot of that too in recent years So this shows, you know, obviously a kind of like a new like phasal shift in some of the larger companies as well Obviously that's to be expected with such high interest rates and kind of restriction on so much excess cash This is roku's third round of layoffs and under a year the company cut 200 jobs in both march 2023 and 2022 respectively The company expects to incur restructuring charges of 45 million to 65 million But even as it eliminates the positions of hundreds of workers roku said that it would bring in more money than previously expected The company's new third quarter forecast anticipates revenues between 835 million and 875 million From the previous estimates of uh 815 In recent letters shareholders roku executive express worries over an economic environment that constitutes To create uncertainty Excuse me. Ha continues to create uncertainty And warned that the writers and actor strikes in the u.s. Would hurt media entertainment spending Still i'm going to go buy new roku. I need to mine is aging And uh, I just love the service that they have Every cafe that I go to that has uh movies being shown or anything else uses a roku as well And I just see that as being um Such a big titan I'm gonna take a look here Where is it? This is some international news, but I find it super interesting and I know it kind of just ties into this general like You know everything that's going on with global inflation Um, this country is not really a big player in any capacity But I just think you know from a like a global economics perspective Which I think you know, even if you're doing day trading and everything like that I still think it's important to kind of like know what's going on globally And everything has some kind of strange butterfly effect When i'm looking at here and this is this is such a strange move And I'll look at this chart here and maybe I'll throw over the article, but it's This is poland central bank And they're cutting interest rates ahead of the election and I mean talk about like a short-sighted decision They have pretty intense inflation over there and they're lowering Their central bank interest rate 75 basis points to 6 before the october poll National bank of poland surprised markets on wednesday with a steep cut and its benchmark interest rate Changing course on monetary policy ahead of other central banks And this is what's so interesting about these kind of like smaller countries that don't necessarily fit into the Uh, of course every country fits into the global fabric Um, but you know poland's a major player in any capacity And you see with these other small countries too like for instance like al salvador, right? And they're great little case studies of like what if And I think we should again, I think we should all be interested in kind of these more economic forces Even if we're just doing you know technical trading on a day-to-day basis Um, but this is a fascinating move by them. Um It'll be interesting to see how it plays out, right Polish inflation is like double digits right now Not good for them. And so I mean Well, obviously run probably on the perspective of that. Hey, listen, we're lowering interest rates. We're fine You know, I don't know how they're anticipating to spend themselves out of this because that's not how this works at all But uh, who's to say? It'll be interesting to see how that develops. I thought that was just some interesting news So another really a large uh kind of information This is from investopedia and it's saying that some banks were under reporting uninsured deposits And that's from the fdic and this is kind of massive as well Uninsured deposits for those that exceed the 250,000 fdic insurance limit Played a key role in this year's banking turmoil We'll talk a little bit more about that. I know we only have a short segment after this, but folks stay tuned We'll be right back on this gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london OTC market the us futures market and the shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xa u h ui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee. So you have nothing to risk Subscribe to tom o'Brien's gold report newsletter now At tfnn.com 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? 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You need to act on at any time First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors 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 I was kind of just like you have to laugh sometimes at the absurdity of things right because if you don't do that Kind of in a bad spot now just i'm not going to like Hang on this for too long at all um Yeah, basically the headline on this banks are under reporting on insured deposits the fdic says Uh the fdic said that certain banks are not reporting uninsured deposits in accordance with the instructions to the consolidated reports of conditionate income It's like guys What are we doing? In particular the agency singled out the practice of banks excluding uninsured deposits backed by collateral leading banks to understate The total amount of uninsured deposits under the fdic's instructions Obviously banks must report all uninsured deposits and those are deposits and accounts over 250 thousand dollars That obviously is from svb signature bank first public. Good job. I mean come on right Um, this is interesting. I'll just read this really quickly and this is also more fresh The regional banks may need to sell 63 billion in bonds under this rule Uh, us regional banks may need to raise significant amounts of additional debt to comply with new regulatory requirements But the extra capital might not be enough to prevent future failures according to the research published wednesday 18 regional lenders might need 63 billion of new holding company debt To comply with the rules that the fdic Um, the federal reserve and the officer of comptroller of the currency according to a note by bloomberg intelligence analysts. Okay What a mouthful the regulations were drafted by three agencies a safeguard financial institutions Under the new rules banks with a hundred billion dollars of assets or more Will need to issue enough long-term debt to cover capital losses in times of severe stress Again, this wouldn't be an issue if they just laddered their, uh Receivables It was really insane to see what happened with the banking system Especially the regional banking system earlier this year or particularly the regional banking system Um regional banks with more than 250 billion of assets may need uh to have set or excuse me May have 17 billion bail in debt shortfall Midsize regional banks with 100 billion to 250 billion of assets May also become more active debt issuers to tackle their potential debt shortfall of 46 billion Super fascinating. I'm going to link this in the debt right now folks. Thank you so much For tuning in, you know, Tommy's out of town for a little while. So I'll be with you for the time to come stay tuned