 The following is a presentation of T-F-N-N. The T-F-N-N Bull Bear Training Hour. Every training day, live at 10 a.m. Eastern. Call now. Toll free at 877-927-6648 or internationally at 727-873-7618. The T-F-N-N Bull Bear Training Hour. Now, Tom and Tommy O'Brien. Welcome folks, appreciate you're growling and proud of us out here. We have the Dow Industries up 31. Nasdaq's down 11. S&P's a flat. Gold contract down $13.80 trading at $1,300. Even a whacked gold early in the morning out here. We get silver down 21 cents. $15.03 an ounce. And light sweet crude off 58 cents. $64 flat. Notes and bonds. We get the 10-year note down 6 ticks. $123.19. $30 a bond off 12 at $147.27. And $king dollar. $king dollar up 127 ticks. $96.685. The year is at $112 to $1 U.S. dollar. The yen is out here at $111.50. And the pound is at $130 to $1 U.S. dollar. And you think they did that Halloween thing? Just get all dressed up over in the U.K. And they got the extension to Halloween. It's like, really? That's right. We'll see what happens. I'm telling you. Totally. And then you get Bed Bath and Beyond folks. This is something else. Bed Bath and Beyond came out last night. And I was on the air when it actually came out. And that baby had closed last night at 1950. It was trading 21 for about five minutes. And then all of a sudden it tanked. Okay. I mean tanked. Now it's trading at 1750. Exactly. When I brought it up after this. Oh my God. Hold it. This is up. No, it's not up. Let's go over to my man. It's the Kevin Hicks at TD Ameritrade Thinkorswim. And don't forget, folks, every trading day right here, you want to understand option, option strategies, future, outstanding program, 11 to 12 Eastern Standard Time. If you haven't test driven yet, the Thinkorswim platform, really easy to do. Hit the banner right on TFNN. They'll allow you to trade with paper money. Bring up the platform. Absolutely outstanding platform. Kevin Hicks, what's going on? Good morning, Tom. Good morning, Tommy. Now I have an interesting tidbit for you guys about Bed Bath & Beyond. If you watched our show yesterday, Landon Swan from Likefolio came on our show and talked about Bed Bath & Beyond and talked about negative sentiment in Bed Bath & Beyond. And he thought there was a chance for a down move off of earnings. And so a tip of the hat to, if you watch our show on a daily basis, yeah, they gave you an indication that there was weak social media data coming out on Bed Bath & Beyond. And sure enough, down 9.8%. And I'll tell you, you know, I'm sure you just heard me when I was saying it. When they came out, bottom line, it was up about a point and a half. We got it up there. 2127 was the spike high. Oh, screw. And it's like, whoa. And then all of a sudden, wait, is that a five minute? We're looking at? Yes, it is, five minutes. And so I... It was very short lived. It was. And as I went back into it, hold it, is this right? Yeah. And then, of course, yeah. And you know what's interesting, Kevin, is that this has been on a down trip for a long period of time. And, you know, we'll see if they can get off these lows. I mean, they get off the low slightly, but the reality is that you're going to need a lot more juice than this. Maybe a stock one from 80 to 10. Okay, let's keep going. That is a company that it just feels like, and the like folio data show that, you know, they are under attack from their competitors, mostly Amazon and things like that. And it's showing some wear and tear on their earnings and the stock as well. Yeah. And, you know, those big box stores, folks, if you've been into one of those, that's big rent, man. That's per square foot. When you start talking about it, you're going to pay those bills every month. Definitely. Man, you know, what's a pillow take up? A pillow takes up a couple feet. Yes. Like, really? But here's the good news, guys. We've made it. We've made it to earnings season. Starting today, we can trade the banks in anticipation of earnings before the open tomorrow. So that's what we'll be talking about today. We're going to talk about J.P. Morgan. We're talking about Wells Fargo. Now, today, like folio is going to talk about Apple Music and Spotify Compare. So if you want to tune in and see how those two compare to each other, just like yesterday, we had a comparison streaming. Today, we're going to compare Apple Music and Spotify. So we're basically talking about what Apple does, all the different sections, and who their main competitor is. That's so cool. Now, the way that it's called, the people that you had on, is it called light portfolio? Like folio, L-I-K-E-F-O-L-I-O. Oh, cool. And so did they use the social media aspect just to get a glimpse as to what everyone's thinking at the same time? Yes. And great question, Tom, because tomorrow, Friday, Landon Swann is going to be in studio, and his number one job is to explain to everyone exactly how they get their data, how they interpret it, and what they do with it. And he's going to be in studio to get to do that. How cool is that, right? Yeah. I mean, the accuracy of this data is staggering, Tom. Now, it doesn't fit to every single stock because you have to have a stock who is active on social media and has a social media following. Right? But the names that they do cover, it's incredible how accurate they are. Now, you know it's so great, man. I mean, I've always found that I call them cult stocks. But cult stocks are pretty cool because once you get an understanding of how they like to trade, that's how they like to trade. It's just like, okay. And grabbing that information, we know that it's all about information and what the perception is of people at any one time. I mean, because, well, just look at the bags. The perception. I'm looking at J.P. Morgan right now, right? I mean, you look at the market compared to what these banks are trading at. I mean, if you're a fundamentalist, what happens, folks, is that this P is only 11 and a half. Sure. Okay. So, guess what? We're trading at about 16 to 17 of the S&P. And this is a bank. You know, so it's like, okay, so is the interest rate already baked in? Was the recession already baked in? I mean, we're going to find out. I mean, we're going to find out pretty quickly. I expect, like, how much are they basically still pumping out, right? Right. The main things I want to look at with some of these banks, especially the bigger ones, like J.P. Morgan and Citi, who will come out Monday in Goldman, is net interest margin. Remember, you didn't get a rate hike for the first time in nine quarters this quarter and trading revenues. Upmarket in this first quarter, not a lot of volatility. So, I'm interested to see how their trading revenues come out and, of course, how their net interest margin has fared. So, I'm a little worried about the banks going in. That being said, they're all beat up pretty bad already. Yeah, no. They're, you know, when you take a look at that, I mean, I get Goldman up here. You know, you're 202. And, you know, bottom line is that, that brings you, I mean, you can make the case it brings you all the way. Man, it's pretty wild. You know, it's wild. I just brought this back. It almost brings you back to 2009. Right. They were trading at 193. Pretty low levels. And when the term book value starts to come into the discussion, Tom, that means these things are getting low, right? When they start comparing the price of the stock to the overall book value of the company, that's when you know you're getting some valuation questions. That's so true, man. Yeah. I mean, hey, little growth price, Dan, if that's what they're looking at, right? Seriously, yeah. You can buy it. And remember, last quarter, Citigroup was the one who had the biggest move because they had really good trading revenues a quarter ago. So they were the biggest mover. They come out Monday. So we'll be talking about that tomorrow on the show for sure. But today, J.P. Morgan Wells Fargo. You're going to love it, folks. 45 minutes right here. Just go to YouTube, go to TFNN. Great program. Kevin, you have a great one, a safe one. Of course, have a great weekend also. Look forward to speaking with you. Thanks for having me on, guys. Thanks, Kevin. Stay right there, folks. Tom and I are coming right back. We have the Dow Industries up 33. Nasdaq down 13. 13 S&P flat. Come right back. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. 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So this morning, folks, they hit gold and they hit it early. And it wasn't even like there was something out here, which was intriguing. I happen to like that when this happens in the gold market. So you're going against the strength that was generated out here on the 8th, as well as hit the high of the flow at 1298. Yeah, it did. Look at that. Okay, so what you have here is this. Watch how this shakes out. This is pretty cool when you start. If in fact this is a bottom, which I think you have. So when you look at this on a longer basis, you have a breakout that was on January 25th. You come down hard on the 1st of March. Now, picture when you come down hard. That's lots of selling. You go back up again. You come down hard again on the 28th of March. You make a bottom on the 4th. You get a sign of strength. So in order to break down what you have to get going, which is, and that's my point, you have to get going more volume than this downdraft right here on the 28th, which is a big number, you know? And we're going to get, I don't think we're going to get close to it. That's 427,000 contracts. We'll probably do about 275,000, maybe even 300,000 today. And we'll see if in fact that 1298 holds. And if it holds, then that's going to be a good deal for gold. Because if you go over to the GDX, what you're also going to see is that it's the same type of setup. And because the gold equities have been actually stronger than the metal. So we're coming into the 42 million. And you know, at this point, that GDX is not going to do 42 million. The real question is going to be, can the GDX, we're down 20 cents right now. Can GDX close above 2254? And that's the high of that day. So it's pretty cool how this thing is shaking out right now. Natural gas, right? Yeah. So it's Thursday. We get our natural gas inventory is 1030. Let's jump over here. Jump in. So we're looking at the May contract. Natural gas, quite a number. We're looking at 268. We had a little bit of a sell-off this morning from about 271 down to 266.85 sitting at about 268.26. 1021 right now. We get the numbers in nine minutes. Jumping around real quick, checking out the 11 a.m.s. We could have exposure from 270. Not that bad a trade if you happen to be bearish only because the bullish... 268, is that what it says? 268.2, yeah. Two pennies though in natural gas. That's a big move. And so what's going to happen here is that, if you're trading on the NADEX platform, these usually line up at five, at least five cents or 10 cent intervals. So when you're sitting at 268.267, right away you know that you're going to have to almost have a directional bias for that to be a trade setup that might work for you. And again, the noons. So let's just take a look. Maybe since the bullish ones are going to be slightly out of the money, not slightly, even two pennies, let's just see how the bearish ones line up maybe just to value the time on the bearish side. So we get the 270 down to 250. Here's your 11 a.m. Okay. Contracts trading at 268.2. You're able to sell it at 267.7. So about five ticks, right? So you're risking $23, which is up to 270. And your profits run all the way to 250. That's the 11 a.m. So the noons. To see how that price difference adds for the exact same prices. 250 to 270, exposure to the downside. And this is pretty cool. One tick. Look at that. Right? One-tenth of a penny to pay for that extra hour. Right. Not bad. Not bad at all. Especially if you happen to think that, you know, that's, that you're bearish the market. Right. And, you know, we're, I suspect we're in the, that they're filling up the tanks now. Do you know what I mean? Okay. We had a small fill build last month. Okay. You know, I mean, because it's getting warmer, right? So we'll see. Sure. Now, here's a great illustration. So this one is 230. You also have 40 cents. And realistically, there's no premium built in for the extra 20 cents going from 250 to 230. So it's really just your paying for the two and a half hours, right? So it's your noon. That's your 11. And you're looking at the bid, because that's what you're going to sell into, right? Yeah. So it's perfect. We can do the comparison right there. You pay 267.7. And you can see them tick around, right? For the 11. Look at that. There's your noon. And then there you're paying two to three more ticks for the 230. So close. Yeah. It is so close, you know? You really had a directional basis. But guess what? If you are just going to make this trade, wait for the news, and pop right out of it, maybe you'd be better off not paying that lower value. Yeah. Right, for the premium. Right. But if you're really planning on holding it, you think it has a move in it. Not a bad trade. As in 230, market's trading at 268.2. You're getting in at 267.5. Seven ticks below the market. Seven tenths of a penny for quite a risk reward if you ever got something crazy happen when that inventory drops. Let's see what we got here. GLCO. Okay. So, natural gas. Oh, there's two of them. Interesting. We're looking at this number seven, because I'm not sure what the, yeah, 268. I'm not sure the other one's trading at 3890. So, oh, interesting. Yeah. We're at the lower end of this trend. Yeah, 268's quite a number. That's what I say. Yeah. Okay. It's a tough one. Yeah. Yeah. This is a tough one. Yeah. Okay. So, let's see what we got on this far. Well, today you get the spike down. So, we'll see what, I'll go with the spike down. Yeah. Yeah, so that low today had a spike, folks, which is 2667. Okay, right at 9 a.m. Yeah. Yeah. Well, we're going to find out early enough, aren't we? Yeah. We find out in six minutes. Yeah. And how about, what else is going on in the world? How's everything going for Mr. Michael Evanetti today? Oh, man. So, these have to do it. Now, he has two sets of charges, right? Going on that he's got the Nike blackmail case. Yeah. And then he's got the basically fraud going on in California. Right. So, this has to do with the California. We'd say it on the show before. I said, this is going to be his biggest problem. This is a serious one. Yeah. Right. He's going to be able to argue in the Nike case. Oh, I was just being a diligent lawyer. Right. Maybe you're going to say I got overzealous. I don't think that's true. I don't think that that's probably what happened. But he's going to have an argument in this one. Good luck. Different. I'd love to hear what he has to say in terms of, you know, so, and this was expected. I say, you know, there's an article on CNBC. I think he's expected to be indicted on like 35 additional counts or something by a federal grand jury. So, he was indicted today in California. Oh, yeah. There it is on three dozen charges. So, it's just including stealing a client's $1.6 million settlement. So, you know, a client wins a settlement. That goes into escrow. Usually, I had a lawyer's establishment. I say usually, because guess what? Sometimes they can just steal it, spend it and tell the client that they haven't been paid yet, which they allege is what happened here. Yeah. And then he's going to have on top of that. If you can move down a little. Okay. He's got a fraud charge at the bank. Yeah. So, in the California case of Evanetti allegedly defrauded a bank in Mississippi. He's submitting false tax returns, getting three loans over $4 million in 2014. He also misappropriated the $1.6 million settlement. And he also hasn't paid taxes since, like, 2008 on, like, I talked about 10 figures of income, like, 10 million, 8 million, maybe high 9 figures. I don't know how that happens. And then he also has the income from his law firm, which I believe was upwards of, like, $38 million that they have receipts for it, never paid taxes. I mean, I know that. It helps to be a lawyer. That's all I can guess, right? As in, if you're a lawyer, if you're just sending stuff back to the IRS, probably maybe, right? And then eventually, they figure out that it's fraud. I'm sure we have. I'm just trying to figure out, if you don't pay taxes, you're making all this money, and you don't pay taxes for 10 years, you know you're going to get caught. So it's like... Hey, some people just are crazy. Natural gas. Stay right there, folks. Right when we come back. Right when we come back. Hi, folks. Tom O'Brien here. If you'd like to get my daily newsletter and 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 you'd like to try my newsletter, risk free for 30 days, then head over to the front page of TFNN and you'll find Market Insights under Trading Newsletters. I use my years of trading experience to bisect and dissect the market every morning and give my subscribers the most important information they need to know for the day ahead. I even issue afternoon updates for my subscribers whenever warranted with important market action. 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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, and we have two numbers here. This gets out. Pretty interesting, right? So this is 10.30. We see the first headline says rose 29. Now, the median estimate was about 36. And then, maybe there was like a fat finger typo, and they said, no, no, no, it's 25. And then again, they say it's 25. I don't think I've ever seen that happen with two news flashes come across it. With a split second, too. Yeah, I mean, this isn't an old one. They both popped up at the same time. Nonetheless, both of them below the 36 that they expected, right? So they jump back to the chart. That just might pop up by accident. Get a pop. As you'd expect, less than you expected. So pops right to 270, which would have been your max loss. But one of the cool things about pulling those up is that this actually opened at 277, which those matter. Those take 7 tenths of a penny, and you're capped at 270. So if you're trading this, that just opened 2.5 pennies away from where you were, and you actually would be capped out at least when you lost at 270 if you were bearish, as opposed to being in the futures market where, and that wasn't that big of a miss, you know, in terms of, yeah. Let's see if they got any more action in there. So here we go. Inventories in US mainland rose to 1.155 trillion cubic feet in week ending April 5th. Analysts had forecasted anywhere from plus 7 to plus 47. Bloomberg came in at plus 35. Median analyst estimate was being plus 36. Inventories 485 billion cubic feet below the five-year average. Interesting. So I guess the five-year average then, coming in at more like 1.7, 1.6, usually a trillion cubic feet, and we're at 1.15. Yeah, well, you know what's interesting about that is that that's why the bulls, you know, have been bullish on this for so long because the total inventories are low. The total, yeah, they have been down for a long period of time, but guess what? You know, the price of gas hasn't been able to move, man. And it's interesting to see the inventories by region. So look at the south central's got a lot of it. You only got a total pie at 1.15. Yeah. South central's got 523, and they were basically almost all the increase of plus 21. Right. Pacific plus six to 119, and unchanged almost at all the others, East Midwest and Mountain. Yeah, I guess the Midwest, is that getting that big storm today or the next couple of days? I saw that, man. They went from 70 degrees to hurricane, excuse me, to a storm, to a snowstorm. Yeah, I think that was Colorado. That is pretty wild. Yeah. Let's go take a look at some of the higher volume equities and we'll see whether we get any juice in this market today. Yes, they had low volume. Oh, look at right aid. Oh. So what's happening here? They must have earnings. I see fourth quarter revenue. This is just amazing that the stock has been still alive, but guess what? It is. Yep, they had earnings today at 7 a.m. Not good. You got another leg coming down. Let's see what they have to say. No, I'll go up. It's going to be 7 a.m. I believe they came out with them. So right there we go. So let's see. Lost and continued operations. Well, they expect in two cents, it looks like they got one cent, right? Adjusted loss. So I keep seeing misses on revenue in headlines there. There you go. So maybe even, oh, no, that's going to be, but 2020 they're looking, earnings before interest taxes deduction, 500 to 560 estimate have been the full top end of that. It's amazing they're still alive. It really is. Yeah. Let's see right here. There we go. So fourth quarter revenue, 5.38 billion. Estimates 5.56. That's quite a miss, man. And that is $180 million that they didn't take in in 90 days that they thought. And then you have the 2020 earnings below the estimates 5 to 560 range a bit 524 to 583. Not what you want to hear when they're missing on the revenue. They're going to miss on the earnings next year. You're obviously going to miss on earnings if you're missing by almost $200 million in revenue in a quarter. Let's see. They see 2020 revenue. Oh, yeah. Miss here, 21.5 to 21.9. They were looking 22.09 was the estimate. Going all the way up to the high end of 22.7. Big money. Yeah. Big money. And look at this thing. Oh, it's tough, man. It's tough to find a niche in this market. It isn't. It either got to be a great discount or you have to have a premium brand product, whatever it is, right? Stock looks like it's going back to 20 cents. Because don't get lost in the middle. Ooh. As in if you're just trying to be a mediocre. That's where Amazon crushes everything. They sell you every product you want at a fair price. Supposedly, right? I'm sure they jack some prices up occasionally. Oh, yeah. But yeah. So you had, if we go over to Lyft, Lyft. Yeah. 61, 62 today. Yeah. I mean, it's 10 bucks under Europe. And this is, you know, intraday folks. This is confirmed ABC down at 56. It broke that B point yesterday of 66.10. You know, we did, what is that, 26 million versus 22. Yeah. So it's going to be interesting watching how this shakes out. And Uber did file last night. Okay. So what happens, as soon as you file the, they're on the road now. Okay. So you can expect like maybe 10 days. Okay. This thing's going to go public. Nice. Yeah. And the differences in the equities are pretty dramatic. I mean, they both lose a huge amount of money, but you know, Uber's all over the world. They have Uber Eats. Yes. Lyft is still just in the United States. You know, so it's going to be interesting watching how this shakes out. You know what I mean? Definitely. Yeah. They're battling in different companies for sure. Yeah. But there could be enough space for both of them. I'm sure that's what Lyft was saying when they were on their road show. I'm sure that's what Uber's not saying on their road show. So we're going to take them out, man. We're bigger than they are. And on a world scale, you know, that's the big one. They certainly are. Yeah. And you know, it's changed everything. I mean, it's, and we'll see how much more change is in transportation. Yeah. Meaning going forward. You know, even coming to work today, they're still traffic. We still have the snow birds here, which is good. I want them to stay. But the bottom line is that I was thinking, I was listening to them at the same time. Like, okay, so how many more cars are going to be on the road? There's more people. There's probably more cars, but that's going to change. Definitely. You know what I mean? Instead of two or three cars, one car is plenty. When you think about how much money you spend on a car and how many hours of the day it's inactive, that's the thing that's going to change. You know, you only need a certain amount of cars when they're just running 24 hours a day. Yeah. Which I think where we're going to. No, no. Just a matter of if, no, when, not if, right? Yeah. It's happening just how long. And then, so Jeff Bezos, he has his letter out today. I never knew he does a letter every year. And so, let's see, it turns out, so he challenged the other, the other retail is to basically stop paying $15. Okay. And it says, why don't you do 16 and challenge me? And then I didn't see this one about Amazon's chief executive and his annual letter. I get that Amazon's growth has benefited its third party merchants. This is going against the aspect of trying to break them up, I think, right? Yeah. Last month, Elizabeth Warren laid out a detailed plan for breaking up Amazon, Google, Facebook. Third party sellers are kicking first party. But badly. He's saying third party, yeah, I mean, it's almost comical, right? He's saying, oh man, we're getting, we're getting so beat by these other sellers on our site that everything's great. Don't even worry about us selling directly to consumers. You know, we get third party sellers that are on Amazon doing fantastic. And I'm sure they are, but that's the CEO, the richest man in the world, arguing against regulation of his company. So, there you go. Good idea. Surprise, surprise. Best lobbyist out there, no doubt. Dow industrials, right now, up 39. NASDAQ down four. S&P's flat. Tell me, I can't write about it. If you are in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from 30,000 to 75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, foresight fund services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV for the latest market information. Back folks, Dow, Dow Industries up 46. You get the Nasdaq flat, SAPs are up 2. And let's go to XBT, let's go see what good old Bitcoin's doing. You know, it lifted its head up. I was looking at it yesterday, it was like 5600 yesterday. Oh, that was quick. It was. So, what did you get? Yeah, we got 5,460 yesterday. Okay. 5,042 this morning. Quick 400, all of us to the outside. Yeah, totally man. It doesn't seem like that much. I mean, it does, it's like 8%, right? It's in staggering. I know. If you look at it in the context of stocks, which is why many traders enjoyed the run and the volatility of the upside. But hey, we'll see if it starts moving $400 a day in both directions, then yeah. Yeah. That's crazy. As you'd expect, right? All right. So the pound is at 130.81. It looks like, what do they say in six months, let's see. October delay. Lisa may accept the European Union's offer to extend Brexit to October 31st, and now must sell it to a skeptical members of parliament and a conservative party and a conservative party losing patience in her leadership. And so part I heard her talking today, part of it is that if they do make a deal, they don't have to wait until that day. Okay. And so that was kind of one of the things she was touting in terms of May still aims to leave by May 22nd to avoid the EU election. This isn't going away, which is, so that's part of what she's going to be talking about, you know, as an ongoing saying, you know, I know we don't want to push it that long, but guess what? We have the time. If we get it done, it's not like, okay, we leave on that day if we make a deal. Right. It's that we have until that day to make a deal. If we make a deal at any point, we can leave when the deal is done. Yeah. Let's see what the island's prime minister is saying. The island finance minister, Pascal Donahue, said he thinks the next six months are real on the real deal for Brexit and an interview in Ireland's news talk radio. He said he believes the UK will exit the UK at the end of October. Exit the EU, right. A position that puts him slightly at odds with prime minister who hasn't ruled out the possibility of further delays. Yeah. I don't think anyone knows. I mean, you know, this is like a- No. Anybody who tells you they know what's going to happen? Yeah. This is a- I've never seen one. This is a long drawn out deal. So can I see with the conservative pro how they are- Yeah. Conservative Brexit here is unhappy. Yeah. So pro-Brexit conservative MPs have been setting out their dissatisfaction with the extension. A foretaste of the reception may well likely face in the House of Commons later. I don't think it's a good idea and it's not delivering on the referendum results. Can't argue with that in terms of not delivering on the results of the referendum. Here we are heading into Halloween and there is some symbolism in that, I think, in that- Let's see. He's not agitating for May to be replaced despite a recent attempt by his colleague. So Tory MP Maria Caulfield also expressed anger. There is a ploy by those MPs who never wanted to leave the EU in the first place to kick the can down the road. She told Sky adding that the divorce deal isn't likely to get more support. At this stage of the negotiations, you have to be prepared to walk away. Can't argue with that one either. If you wanted a Brexit and the people who didn't keep getting an extension, then that's got to be frustrating to say the least. So let's go over and we take a look at the FTSE. So you've got a flat FTSE out here today. The FTSE had a run just as our markets had a run. That's down there. We went from 65, 36, 74 right now. Yeah, almost 15%. Yeah. Put this back a little bit more. Look at that. I didn't realize that the FTSE was so high. Well, I guess our markets are a lot higher than that, but it's pretty impressive. It's been in a higher range since 2016. It's still funny to put these things back so far. Sure. I mean, that's 30 years. And you know, it's amazing here, folks. So I got out in 30 years, but you can go back to 1999 and you're at 6,900. Isn't that interesting? You're at 65. Yeah, you're at 69. Yeah. No, I hear you. Right? Barely above it. Right. Over 20 years. Right. I'm talking about almost 8%, 7% growth in 20 years. That's supposed to be your one-year growth, right? Right. That you're hoping for in the market. But I hope that, and I suspect that, because that's like the Dow industrials, that you're getting some dividends inside there. Do you know what I mean? Okay. Over the course of years. Oh, look at this one. This is Larry Kudlow, folks. I got to get this quote. This is like, you know what? Rates out. We'll go up again, folks. Okay. Kudlow says Trump's tax fellows, you're paying for themselves. That's not the one I want. Try that. Well, Kudlow just did. I guess Kudlow's on TV right now. Let's see. So he was just quoted. Yeah. I was saying that he doesn't think the rates ever go up. There you go. Last line. Oh, good. Okay. Last line. Yep. So, yeah, cut to the chase. Kudlow said he doesn't see rates increasing again in his lifetime. I love how they add his age in there, because it should have some context. I wonder how long he's planning on living. I mean, to be serious. That's heavy, man. Well, and again, the man he works for, so he's got a report to the king, you know, Mr. Trump. Yeah. He can't say much else on the record in terms of when he thinks rates are going up, because we all know how the present feels. In his lifetime. Yeah. That is amazing. That is... So let's see what he has. I think that we already paid for a good chunk of it. Kudlow said... He's talking about the tax cut. Yeah. Okay. Adding that the U.S. budget outlook is not as bad as many people say. You know... I don't know how he gets that. Exactly. But zero figures when the tax cut basically went all to the debt, all to buybacks. Right. None of the quote-unquote trickle down. So... Yeah. Sorry to bring you back to reality. Yeah. Mr. Kudlow. Oh, my God. Hey, it's one thing to argue that you don't care about the deficit and you just wanted the tax cuts. Right. Because you just think that people are paying too high a taxes. Right. But don't try and argue nonsensical, you know, garbage. Right. That somehow it... That is free. Right. That it's already paid for. There's no free lunch, folks. It's a lie. Bottom line. There's no free lunch. Right. 277-927-6648, Apple's still hanging tough there. I wonder how it would be interesting if Disney- Oh, Disney. has been there event today. That's today. Right. So they're analyst events. Free Hours event. Talk about the toughest of the toughest audience in terms of the analyst. You know, the people who really know what's going on in terms of you can't get away with lack of details when you're talking to analysts that are going to really want the meat of everything. Yeah. And they're going to be talking about the Disney streaming service. streaming service they're gonna call Disney plus right is that what I heard something I think yeah this is gonna get intriguing folks just you've had plenty of PR Disney plus they yeah what we haven't had is that we don't know how much it is you don't know just what's yeah basically inside it and we'll find out they've been teasing we may find out we'll see yeah they've been teasing for like a couple years right ever since they said they're not gonna be offering their catalog to Netflix anymore and so I heard a number this morning got guys on this morning and you're saying that when Disney pulled it off Netflix that cost them 550 million okay and revenue Netflix was was paying 550 million it's not a lot of money if they're gonna put you out of business right no I do I mean that's that's the reason why I know it is and that's that's I was thinking that that's how they got sucked into it in terms of being fair I mean can you imagine if they just said no to Netflix and immediately just started plowing research and development and capital into saying we didn't have it can be rudimentary that needs to deliver our content tomorrow Netflix really struggles yeah I mean it's amazing and now they have somebody that they're gonna struggle to keep up with you can talk about a little bit more in the last segment be interesting say right there folks coming I 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 6 and 3 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 has transformed me into one of the best at what I do sign up for mastering probability today by clicking on the newsletter tab on the homepage of tfnn.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 O'Brien 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 $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien 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 8% 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 well 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 sharply later Basil found the computer software which included the standard market technical indicators enhance the degree of accuracy and 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 at any time 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. Dow right now up 41 Nazek is the flat S&P's are up one and we get a lot happening we get masks this happening this morning sports update man wrap it up yeah because it's a big big happening in sports world masters weekend gotta love it some masters they're already off their tea and off there's your leading board got a gentleman tway not familiar this is early of course but he's at minus two through eight Harding minus two as well Grillo minus two some of the tea times you were saying Tiger Woods teen off at we got him 11 04 a.m. right as we wrap wrap up Rory McElroy right behind him I happen to see yeah and you already got a bunch of guys of course going off already and let's see how late they tee off till 2 p.m. Jordan Spieth in the last brook last group and Phil Mickelson right there behind him so it's gonna be a big day oh yeah so is the is like is today the qualification on how does that work no no so golf tournaments in general are four rounds okay Thursday Friday Saturday Sunday there is a cut after Thursday and Friday it's all the same tournament though I think so there's no qualifying this store if you if you destroy today you know it's it's all a combined score Thursday Friday Saturday Sunday so the tournament starts today you just got to be in the top 45 something ties they you know but once you make it through Friday for to make the cut to make it to Saturday and Sunday lightning lost last night oh boy quite a quite a night in hockey you had the lightning blowing a three three nothing lead right they were up three nothing through the first period they were went into the third period up 3 1 and lost 4 to 3 in regulation you also had Pittsburgh losing to the Islanders in overtime and I'm not sure if let's see the Bruins play tonight they may play tonight where are we no that was last night where are we come on the 11th there they are 7 p.m. tonight the Bruins started off I figured thank gas where are we a natural gas all right natural gas 270 270 they're right there folks we get fast market coming up next time and Mr. Vazel Chapman's at Steve Rhodes Dave White be back this afternoon thanks Bell thanks man well get them folks