 The following is a presentation of TFNN. The Morning Markets Kickoff with your host, Tommy O'Brien. Good morning, everybody. Happy Friday. Thanks so much for tuning in to Start Your Trading Day. We got markets off to the races with a hot jobs number. Wages running hot as well. Unemployment, 3.4% remarkable. Resilience in the jobs market, and we kick things off. Market came into this number almost right where we are right now. Let's back it up to a one-minute chart, just so you can see a little bit of the volatility. Coming into that 830 number, there you are at above 4105. Within about a point of that number, you trade down to 4,096, you trade up, what, 15, 16 points in the S&Ps? And we are positive by 8-tenths percent right now in the S&Ps. NASDAQ 100, positive by 6-tenths. We got Apple with decent earnings last night. Why not jump over to Apple, since it's going to be impacting everything this morning? $170. Apple was trading at about $169 coming into that jobs number. You're up by, what, $5, 3, 3.5%? That was about the expected move. I think it was, let's jump over, what was it? Fall $4.88, check it out. So Apple up above $5 right now, $4.30 right now. So pretty much within the expected move, $170. That's going to put a lift in everything. Interesting though, right? Apple up that degree. And meanwhile, the NASDAQ lagging. Okay, but we got some moves going on in the dollar. We got some moves going on in yields. We got some moves going on in banks. The banks got decimated yesterday. They're catching a little bit of a bid today. There you go. I mean, percentages on small numbers can be deceiving, right? That's what I like to say, because it's true. Yes, we are going to be up what? 30% on PacWest this morning. But folks, you just back it up to a week ago when you were at $11 and you're still trading at $4. So be careful, man, on that one. We jump over to crude. Catching quite a bid from the lows earlier yesterday. We're above $70 and $70.61. We got dollar strength. We got gold weakness. Gold off $37 at 2018. Remarkable, man. Got to jump over to the dollar index when you see a move like that. Dollar catching a bid to $101.66. We jump over to notes and bonds. The 10-year down 25 ticks right now. You're talking about a 10-year yield, 3.45%. The yield on the 10-year right now. We jump over to the VIX Volatility Index. Spikes to $21.33 yesterday. We're at $18.47 right now. And on the S&Ps, if you're looking for areas to get short, which I may be, $41.16 above the $3.82, $41.50 would be a nice one, man. That would be a $6.18 of the entire move lower this week. That also is the area that you chopped around for the better part of Tuesday evening into Wednesday. Kind of the area you chopped around most of Wednesday as well. The $6.18 above $41.50. Nice round number, as our man Basil Chapman would say. All right. And what are we going to kick it off with? We got a call. We got our man, Tom, from Tampa. Tom, good morning. Happy Friday, man. How's it going? Hey, TGIF, brother. How you doing? I'm doing well, man. Thanks for calling. How's everything going? Good, man. They're smacking gold around good this morning, aren't they? $37, man. It was quite a number. You know, 3.4% unemployment. And the number that I found most interesting, wages matter and there's a couple ways to look at them. But that was a hot wage number, man. 0.5% month over month. Multiply that times 12. That's still 6%. People are getting raises, man, just in the last month. So it's an interesting number, man. And we got 21 minutes until the open. I imagine it's going to be an interesting volatile day, for sure. Both directions. That'd be a wild one. Yeah. Right? Hey, Tommy, take a look at Verizon VC. Is it got support here? Boy, this one's a tough one, man. You talk about a pullback, right? Right. And so my mom worked for Verizon for a long time, retired from Verizon. So I always take a look at it. And longer term, man, this thing really broke out of a channel line at like the end of 2021. I have it up here on Tiger TV if you see it. It's dicey territory, man. I'm not really sure because when I look at this thing, longer term, I mean, yeah, you're back at the lows. This is a strong company. They got a good dividend, you know, a pullback from what, 60 bucks? But boy, it's scary territory, Tom, because when I put it on a monthly, right, and you can put these channel lines in a little bit different spot, where exactly they line up. But it's pretty close to a well-defined channel line on a monthly, man. And you traded well out of there. And maybe you're going back to test the lows that we had all the way back in 2010, which would be like 26 bucks because that's kind of an area that you were accelerating higher out of there. You know, I mean, that's the recent low. You're kind of in no man's land on a longer-term basis. You know, when I was looking at this chart and it was falling out of bed, man, that's kind of what I was thinking about. And to see it sitting near the lows right now, right? When the market's caught in a bid even this year, you've backed off from $42.50 to $37.50. They have some issues going on, I think, man. So I'd be careful of this one. I would. Okay. Yeah. We'll do it. Yeah. I know dicey territory Verizon, man. Seems like they're going to be around forever. But boy, what's up with the drop-off even from $60, $60 plus, you know, to $37? That is quite a drop-off for a company that's supposed to be a relatively stable dividend play, you know, on most accords. For sure, man. One day he said, hey, you know, these phone companies aren't going anywhere. I mean, they're going to be around. Yeah. And you know, if you want to get into it, maybe you could scale into it or something. You know, if you have a position size, you're going to put into it. Maybe you get some in now. We get the market sitting at pretty high levels right now above $4,100, and this thing's just gotten decimated over and over. So if the market really pulls back, nothing crazy, but you know, you get a 10% pullback in the market, $15. I don't know. It's a tough one, man, on this equity. I'm going to sit on my hands for now. Yeah, it's a tough one, you know, because you're in no man's land, and I don't know why things are so tough for Verizon right now because it shouldn't be, but boy, they're facing some competition, man, from T-Mobile and Sprint. That's, you know, they're there and AT&T. I mean, I think they're behind the game right now, and I think it's showing up, man. Yeah. Okay, all right. Thanks, Tommy. Tom, thanks for the call, man. Have a great weekend. I appreciate it. You too. You too, man. Folks, give us a call at 877-927-6648. It's a great question, man, you know, and it doesn't mean that you can't go that it wouldn't be profitable because you look at a company like this, right? And what are we getting for dividends right now? Let's pull it up. What are you getting? You're getting $0.65 every quarter. So what is that? You're getting $2. I mean, this is bonkers. You know, what is that? A 5% dip? What are you getting? $1.32 and $0.60. What is that exactly? And this is where you got to be, you know, $2.60 divided by 37.35. You got about a 7% dividend right now in Verizon. Well, the tough part is, folks, you can go out there and get a CD and earn over 5% right now. I don't imagine that's going anywhere, but they have missed recently, man, in pretty epic fashion and you back it up to really where things started to unwind. You back it up to July of 2022. Huge miss, right? Markets trading lower as well. Yeah, but I'd be careful, man. We will see. Market. And that's kind of the other area for everything you're looking at here, folks, right? If you're comfortable very long-term, yeah, you can enter anything if you're really looking for a very long-term entry. But boy, I say it all the time. You don't have to be a master technician to see that we are bumping up against an area of resistance at about 4,200, okay? And the lower part of that range is 3,800 to 3,850. Yeah, so you're talking about 8,9% below and that would be easy in this market, man. That would just be going back to the lower part of the consolidation. And boy, we really rejected that 4,200. Now, here's the... Excuse me, here's the outlier, though. The outlier is Apple, man. And Apple, I've been talking about it, okay? I got a lot on this chart, but that trend line, it broke above, it came back and tested it and what are we gonna do today at Apple, man? We're gonna bounce right away from that channel line. Maybe that's the test and maybe that will drive this market higher, man, because Apple can't deny strength in Apple at 170. Stay tuned, folks. We'll come back after the break. If you're looking for potential trading setups in the stock market, then Rocket Equities & 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 & 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. The 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 24-7 newsletter at TFNN.com. 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There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Now, folks, we got S&P Futures up by 36 points right now, trading at 41.12. I got a chart of Apple up here on a five-minute basis. Pretty interesting. The bright blue chart, the bright blue line at the bottom of the chart, look how it just bounces so nicely off there, man. And I'm giving bear cases everywhere, okay? But you got to stick with what it's showing you, folks. And Apple is just very resilient to put it lightly. And you look at that trend line, you look at the way it bounces off that, and yeah, it got what? A dollar below it for a few instances Wednesday night after the bell, okay? But pretty remarkable that you have to go back a year and a half for that trend line, okay? And that is right from the high. That touches both areas in terms of the week. These are weeklies, March 28th of last year. The April bar as well got just above that area before we really sold off. And the next bar on this chart, okay? In 11 minutes when the market opens, is going to put this bar green right here. So you're gonna have two big green bars, right? We're at 165.79 as of yesterday. This is a weekly. The opening tick on that was 169.28 and we are now trading above 170. So you're gonna get quite a bounce off of that channel line, man. And the market loves this number. Pretty remarkable. Okay, so let's talk a little bit of the fundamental data. Let's talk jobs, payrolls, 253,000. Now we had a revision of the month earlier, bringing it down to like 80 or 90,000, right? What is the number? I'm sure they listed here potentially, but there was a revision the month earlier which softens that number a bit. The two numbers that stick out at me, unemployment 3.4%. Chairman Powell might have spit up his coffee a little bit when he saw that headline come over, right? Monthly wages increasing a half a percent. That's month over month, not year over year. That is month over month. Wages in the last month still going up at an annualized rate of 6%. The estimate was for 0.3%, which would be annualized at 3.6%. Now there's a lot of variance between 0.3 and 0.5 over a 30-day period, okay? That's why it's not probably not accurate to base everything on just multiplying that times 12 because there's a lot of variance that you have to smooth out there, but you get the point, okay? Jobless rate at 3.4%. We had 253,000 jobs. Now check this out. This is from the journal article just talking about the jobs. April's monthly payrolls increased slightly below the average monthly gain of 290,000 over the prior six months, okay? So we had a revision for the March. We get the April number of 290, just below if you average the six months consistent with the healthy labor market. Wage growth remains strong. Now, what's so interesting, right? These are the payroll changes going all the way back to 2021, okay? Hard to deny that, yeah, things have softened, especially from where we were. I mean, you have to chuckle, okay? Adding 769,000, 660,000, 557, 781, 614, 569, 904,000, February of last year, right? Right before the hiking began, February 2022. Since then, yeah, the trend is lower, okay? But here's the kicker. The dotted line here is the pandemic average, which comes in at what? Looks to be about 100, pre-pandemic, excuse me. It is the pre-pandemic average, okay? About 180, about 190,000 jobs, okay? If you're over 200 to 250,000 jobs, the economy's growing. That's not what they need again, man, okay? So interesting stuff when you get over there. Now, let's jump to Apple. Apple shares rise was the headline. After iPhone bounces back, now the services they missed here, which is interesting, okay? Overall revenue, 94.8 billion. Market was looking for 92.6. Sales did fall 2.5% in the period. The $90 billion stock repurchase is the same as last year. The market likes that, though. $90 billion coming back to shareholders, pretty much the same as a dividend. They raised the quarterly dividend as well, 4% to 24 cents a share. So you're getting, what, 96 cents a year for Apple, and it's trading at about $170, not a substantial dividend overall. And yeah, shares are higher. They come in at $1.50 to a share, which was a beat on earnings as well. So they generated $51.3 billion in sales from the iPhone. Market was looking for $49 billion, okay? 1.5 rise from a year. It's just amazing that they just keep growing that because you really don't need to buy a new phone. I mean, they're kind of, can you imagine the meetings they're having and making sure that you always need a new phone? How do we figure out somebody needs a new phone in the next two, three, or four years? Maximum. And they figure it out, man. Part of the way they're doing it right now is memory to feel like, okay? You have a phone. You're just using so much more on your phone when it comes to apps, app sizes, et cetera, that the memory factor alone is a tough one for a lot of people on a phone. Yeah, here's, so check it out, right? Grow 5.5%. Thank goodness they're just not making computers, man. Right? Look at this. They'd be dropping 13% in iPads. IMAX, I guess, 31% decline. Even wearables was down. The iPad revenue fell 13% to $6.7 billion. Mac revenue dropped 31% to $7.17 billion. Market was looking for $7.7 billion in the Mac sector. Okay? Wearables fell 1% to $8.76 billion. That beat the estimates. Now services, $20.91 billion. The market was looking for just over $21 billion. Services include the iCloud, Apple Music, the App Store, TV in there as well. I know I pay from memory right now. And I think I'm up to $10 a month is what I pay because I have to back up my photos. I got almost 200 gigabytes of photos. So it's remarkable when you look at the number they're doing. And that is a consistent number. Much more so than Macs and... What was the other division? iPads. Right? You're not going to see a 31% drop in services revenue, folks, because people are just tied into it. It's built into their life, which is why the market likes that. Okay? But overall, I mean, yeah, I don't know. You know, the market loves the buyback. They love everything. But boy, iPads and Macs are getting trounced. Services are barely up 5.5%. I say barely because, yeah, it's staggering numbers. But folks, their services number is around $20 billion and it's growing at 5.5%. Now, I'm going to jump to Amazon. They had their numbers last week, okay? But some of the numbers... Amazon really took it on the chin for AWS, right? They have quarterly sales of $127.4 billion for Amazon, not comparable to Apple though, okay? Because they're selling a lot of retail, margins are thin, Apple's selling thin air most of the time, right? Cloud services, whatever it is. The one part, and I was talking to my dad about this last night, so they get punished for AWS, right? They get punished for that AWS. It's where they make all their money, man. Around the same number for Apple services, right? $21.4 billion. Now, Apple makes $50 billion in phones. So not comparable, but I wanted to go back over Amazon because you get a feel for the Apple numbers, right? And then taking a look at these, I have Amazon folks for retirement, okay? I believe in the company in the long term. And you see some of these numbers. I'll give you the bull case, okay? AWS rose 16% to $21.4 billion, okay? Now, the part that I don't think got enough credit, and I'm going to tease it here, and then we're going to come back, okay? Is sales to sellers? Yeah, and we'll talk about that, and we'll talk about advertising as well. Those two combined almost $40 billion for Amazon. We'll come back for the open, folks. Stay tuned. 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For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. We've got markets open. S&P up by 37 points. That's 910% in the positive. You come into the opening bell, basically, at pre-market session highs right now. NASDAQ 100, you're up by 93.7% in the positive. The Dow is up 910%. Up 300 points, 33,500. And you've got the Russell up 1.76%. Banks catch a bid today. Regional banks catch a bid. You got JPMorgan up by about 2% right now. Bank of America up 2.5% right now. Wells Fargo up 2%. Excuse me, 2.5% right now. Cities up 2.3%. Yeah, PacWest up 38%. As I said, though, folks, percentages on small numbers, right? Can be deceiving. Western Alliance up 28% right now. As this market catches a bid. Now, here's what I'll say in the S&P, man. I was looking at 41.60 in this chart, okay? Recently on days like today, I feel like this market is just gonna blow right through that and maybe gone for 41.50. Because, you know, if you're trading this, you could make an entry here potentially. You're right back to where we turned early Thursday morning. You're now what? 55 S&P points off of the lows that we had. It seems like when I look at this and you've got area strength like this and you're coming into an area that you are, right at near the lows, but that low of Tuesday, it's nice to find areas it's trading into, right? 41.09 is the low already. 10 points above that right now as the market just loves this number, man. Which is remarkable in how it all plays out. Dollar index, okay. It backs off a bit to 101.55 right now. You jump over to the 10-year. Yeah, that backs off a bit as well. 41.20, yeah. Patience sometimes, folks. Patience, the greatest virtue in life sometimes, man. Easier said than done, as we know. But yeah, I think I'm looking for 41.50. We make it up there. Another 30 points, man. You make it up 75 points in the S&P on a jobs Friday. We'll see what happens, but already we're four points above that 382. Make it five points as we are above that level right now in the S&Ps, man. Watch out for this market up 1.1%. NASDAQ 100, the laggard up 8.10%. The Dow up 1.1%. Banks, regional banks all catching a big bid. We jump over to Apple digesting their numbers. There it is, 171.42. When I talked about it, let's see how it looks. When we put it on there on a weekly, yeah, look at that. As you come back, test that. Let's put it on a daily and zoom in just on this action. I'm going to take this Fibonacci number. You're sitting right at the 786 of the move as well, which is interesting, but you just gap the way a bit from that area. Move that one, move this one. And yeah, you talk about a test of the channel line and a bounce, man. You test that channel line, you get down to 164.31. And again, what was so interesting is, you actually hit it and it's not reflected on the daily, right? You hit it Wednesday evening is where the test actually began. And we're now well above that level with Apple up 3.7%. They've gained $6 and 16 cents for Apple, 16 billion shares, lots of sixes here. What is that? 96 billion, $100 billion market cap as Apple plows higher to 172.22 right now. Man, watch out for that stock. So I was talking about their numbers, right? Big time phone numbers for Apple, they're talking about phones and the Tigers, Dan, man. And getting back to the numbers I was talking about, just because it's important to understand them, man, because they're staggering numbers. So Apple gets a lot of attention for their services, which are around 20 billion, okay? Amazon gets a staggering level of attention to AWS revenue. They crush the margins in there and the growth is dramatic. 16% it's rising at 21.4 billion. But remember, this stock fell out of bed, went on the conference call. They said that that number was coming in 500 basis points lower throughout the month of April. So that's an 11% growth rate for the month of April. Doesn't mean it's going to be 5% lower because maybe that 16% was already dropping in the month of March as the banking crisis was hitting. Banking crisis started about March 7th, okay? Now, that's where you get all the attention. But here's just what I wanted to bring up for Amazon. If you're looking for a bull case, fundamentally, okay? AWS gets all the flack because it might be growing at 11% to 21.4 billion. Well, the earnings reflect an ongoing shift. This is the paragraph to focus on here, okay? The earnings reflect. I'm going to blow it up a little bit. I lost it. There we go. An ongoing shift in Amazon's business model away from buying goods directly from manufacturers and selling themselves. It's an increasing share of revenue is coming from the more profitable business of providing services and advertising to independent merchants who rent space on Amazon's website and in its warehouses. I was talking to my dad about this yesterday. He said, they figured it out, man. They're selling real estate. They pretty much are, right? Check out the numbers, though. They've been getting into advertising. Rising more than 21% to 9.51 billion and seller services jumping 18% to $29.8 billion in the quarter. You add those two up, they're almost at $40 billion and they're growing at just under 20% probably. That's a much bigger deal than AWS on Amazon, potentially, man. And I'm surprised that that doesn't get more attention because I'm sure they're crushing margins when you're selling advertising on your website. Just create another page, man. Sell some more advertising. Create another product. I will say that nowadays, my dad and I were also talking about that it feels like there's at least four different products that are sponsored at the top of anything you're searching for and most of the time I try and avoid those because I want to see the natural search function and what it delivers to the top of the search. I don't want to see the four that they're shoving in front of my face, but most times what you'll see is the one that is at the top that's sponsored is also the one that's probably the best choice for what you're looking for just further down. They've chosen to sponsor it so they're back at the top anyway and that's how they remain at the top probably. Nonetheless, right, $40 billion in advertising and seller services. This is in the quarter, $40 billion, and that area is growing at about 20%. So AWS is doing $20 billion and it looks like it's growing 11% in April and these two sectors of their business are at almost $40 billion and they're both growing near 20%. Crazy stuff, man, when you look at those numbers. So when you get back to Apple, you get to Amazon, yeah, I would keep that in mind, man, but guess what? The market loves $90 billion in buybacks as well. Apple now up 4.5%. Watch out, folks. Let's see how some of the other equities are trading. Microsoft lagging a bit up only 2.10% right now. Google shares barely flat. What's up with that? See how some of the chip stocks are trading. NVIDIA is up 1.1% right now. AMD quite the volatile week for AMD down about 2% right now. See how the banks are holding. Yeah, JPMorgan up 1.7%. Disney's up 1% right now. Uber down 1% right now as we jump around. All right, let's see what else we had pulled up here. So we talked about jobs. Yeah, this one's interesting on the streamer front. So do you remember this actor from Sons of Anarchy? That's how I remember it. Anybody watch Sons of Anarchy? That was a great show on what was this channel. I should know. Nonetheless, he was an actor. I know him from there, but man, he's turned into a powerhouse. And what they talk about here is that he's written so many hits for Paramount that the level of control he has over everything is showing up on the balance sheet. And yeah, it's interesting just from a perspective of how one man, a whole network relying on his shows and the biggest of them all, Yellowstone. Stay tuned, folks. We'll come back. We'll take a look at Paramount as well. Markets dramatically higher on jobs Friday. 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. 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Folks, we got the market continuing to climb. So 50% retracement of the entire move lower this week from about 4,200 and change down to the lows we had yesterday, 4,062. 50% runs at about 4,132. Interesting that that is the inflection point that we had on Wednesday. So 4,132, beyond that it's 4,149. And then, yeah, you could maybe look for the lows of Wednesday evening when we were coming into 4,180. Maybe you run it all the way back up. Not sure you get all the way back up there today, but this is quite a market, man, right now to say the least, right? Dow up 440 points, 1.3%, Nasdaq 100, up 910s, S&P up one and a quarter and the Russell up 2.2%. That is quite a number, man. All right, so we're looking at Paramount and what this article talks about here is that he controls everything, man. They got $3,000 from a wrangler named Barbara Stewart going back to Paramount. It is interesting that I didn't even know about this at all and you see some actors, right? And then they go into doing everything. He writes them, he produces them, he directs them and he gets to call the shots and he pays somebody $3,000 to basically raise the horses. The show pays for it. You got people raising cattle at $25 a pop. He's cranked out huge hits for Paramount and I haven't even checked this one out. You know how sometimes you have shows and you haven't on the back burner, eventually you're gonna check it out? Yellowstone's probably one of those shows, man. I know it's been in the press a lot because what, Costner's leaving. He's getting divorced as well so he's got a lot going on in his life. But yeah, Paramount and 101 Studios, which is his company, acknowledge his shows can be costly. Episodes of Yellowstone and Prequel1923 run at least $22 million each. Yeah, but guess what, man? The amount of times I see that show mentioned, you need defining shows like that to be a streamer, okay? You need them, yeah, without a doubt. And you look at the streaming metrics and you look at revenues and expenses direct to consumer, financials. Look at the expenses, man, right? That's $2 billion is the number they're running at. In the second quarter of 2021, they were under a billion. Yeah, huge numbers, but guess what? When Yellowstone Season 5 premiered in 1923, premiered, they added 10 plus million subscribers. So that's the game there. Now, you take a look at Paramount. As this market just keeps climbing higher, man, Russell up 2.23%. This company, man. So tough earnings on yesterday. And yeah, be careful, man. So the 102 run up, that's the Bill Huang manipulation, okay? So that's not real. Get that out of your system. This thing was really probably at about 40 bucks. Still quite the drop off on their numbers. Let's jump over to some of the other ones. Warner Brothers Discovery. If I was going to choose between either of them, fundamentally, I would be on the Warner Brothers Discovery train, folks, because HBO, man, there's nothing like HBO. And they got, I remember when I was a kid, folks, this is crazy, right? 35 years ago, even more. It's not 40 years ago, because that would make me three years old. Maybe six or seven. No, maybe eight. Maybe 35 years ago. Yeah, maybe 35 years ago or so. 1988, 1987. I remember, man, that HBO was the coolest deal around. I would see that beginning of that HBO that they'd air before every movie, and then there'd be some cool movie coming on. Right on HBO is its own deal. So the thing about 35 years of ingrained brand and they've crushed it for that whole time. What they're going to do with their HBO plus max or whatever it is, they're going to add, what is it, TLC and Discovery, maybe? I think it's a very complimentary model of people in households that can enjoy those programs. My household included, so it's a bit anecdotal. Yeah, they got a million great things, man. It seems like there's always something on there that I can watch. They have a great special on George Carlin. I watched that a while back. I don't know if that's not it. You're talking about the Carlin specials on HBO. They have a documentary on him. It's worth watching, folks, if you check it out on Carlin. That's just awesome on there as well. What else they got? They got a bunch of stuff. They got Succession on there, which is an amazing show right now, let alone the Game of Thrones that they dominated for a while. Succession is a great one right now as well. Let's check out Disney as we look at some of the streamers. Disney shares. Yeah, we're just pushing these lower boundaries, man. Disney, you know, you get to 90 bucks. That's a nice area to be by. That's where we are right now, man. Sitting in 98.77 Disney up 1.4% today. Let's see if those Fang stocks are trading, because yeah, this is an interesting market, man. Apple is carrying the Nasdaq 100 right now. Okay? So be careful there, because Google is down 3.10% right now. Microsoft is barely flat. Amazon is down 1.10% right now. The video is in the positive. Let's see how Tesla is trading. There's a bid for you, up 3.3%. But yeah, Apple up to 173. And as I said, man, that's something to keep your eye on, because that is quite a break away from that channel line right now, with the S&P's sitting up and even 50 points at 41.26 in this market. Okay, what else do we have pulled up here? Let's see. Yeah, this one's an interesting one from J.P. Morgan. And I'm sure your gold bugs are going to like to hear it. Sees investors moving to gold and tech amid recession risk. Well, tech's not getting a bid today, and gold certainly is not getting a bid today, but nonetheless, long duration has limited downside in a mild recession. Shares of tech stocks have risen sharply in global equities. Come on, load for me here. Waiting for that one. Let's check in on gold. There we go. Gold tech shares have outperformed global equities. Okay, so what you have here, you have gold in the red. You have the NASDAQ 100 in the black. You back it up to really where the dynamic changed with the banking crisis coming into that level. And yeah, you're well above the percentages in terms of those numbers. NASDAQ's been a big beat. It's been Apple, right? And I wonder if this is like the last exhaustion though. And there's your bearish case, but pretty interesting, you get Apple up 4.4% right now, and none of the other tech companies can get your bid. What do we got going on with yields? Yeah, pulling back a bit. So we have yields going higher, you know, from that jobs number, we were just at 1.1605 yesterday, we were at 1.17, and now you're at 1.1521 in the 10 year right now. Market's not slowing down though, that's for sure. Let me check over the dollar index. Yeah, let's pull back a bit from that initial spike to about 1.180. All right, we talked about Paramount, we talked about Amazon. Yeah, let's talk about Florida. So Peter Thiel, he's out there saying moving to Florida from Silicon Valley is too expensive. Interesting, right? Talks a little politics in here as well about being from Florida, Miami especially, man, but Tampa's right up there. St. Pete, if you buy a house in Miami today versus just three years ago, you're paying four times as much for a monthly mortgage payment. He's right, because you add in the interest rates, you add in some of the accelerations. The Miami region in particular, especially when you go on the high side of million dollar homes, the number of million dollar zip codes more than doubled from the end of 2019 through 2022, while parts of New York and California still ranked near the top of the list of most expensive areas, values in some neighborhoods have actually declined since 2019. Yeah, those are big numbers, man. I'm sure they're not big numbers for this guy who can move to wherever he wants realistically, but they are big numbers. And I was just talking about, you know, I just rented one of my duplex units in Tampa, $21.95 a month. And you think back to just two years ago in March of 2021, I rented it for $17.50. And if you go back to 2015, I rented it for $13.95. So you're going from under $1,400 to about $2,200. That's an $800 increase. What is that? Almost 60% increase over eight years for the price of rent. Stay tuned, folks. S&Ps, up 51 points. Come back to the end of the show. T-F-N-N is a brand new brand. It has been on the market for more than 20 years. With live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den. Available to all tigers and tigers for just $1 for the year. There's no cash or added costs when you join our community of traders. 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We turned back about six points right now. Still up 1.15% right now in the S&P and the NASDAQ 100, inching towards 1%. Just shy of that number right now, 13,171. The Dow up 1.2% and the Russell up 1.75%. All the market's given up a few points from the highs, but nonetheless, strong opening for the last 24 minutes. Jumping back to those numbers on the jobs number. If you didn't catch the beginning of the program, I'd focus on these two numbers right here, man. 3.4%, unemployment rate, average hourly earnings, 0.5%. The Fed is not done, man. Okay, and yeah, maybe they get the data they need over the next couple of months to give them the ammunition to pause when they come into their June. What is it, 13th and 14th meetings? But boy, if you see average hourly earnings keeping at this rate, if you see non-farm payrolls at $250,000, we get another jobs number that we get before their June meeting, right? That's going to be a very, very important number, folks. The unemployment rate, the average hourly earnings for that number. If those numbers run hot, we get a 253 and we get a hot number again. Boy, man, talk about pressure on the chairman. And yeah, we get to experience it with some volatility on top of it. And there's your headline that reiterates kind of what we're saying. Hot jobs report raises odds. Fed keeps rates higher for longer. Back it up to what the chairman said, folks, before the banking crisis, okay? Do you remember back to the S&P as we wrap up this program, okay? Let me find the day. There's the day. March 7th, the chairman Powell came before Congress and said, hey, higher for longer, right? We were at 4,050. We're 75 points above that price level still. Strong earnings from the tech companies, man. Can't deny that. But nothing's changed on the inflation front. Yes, we have banks failing. But if you see these numbers persisting, okay? It's going to be a problem, folks. That's when he told you, higher for longer. Higher for longer is the theme. And the market's expecting like two cuts by the beginning of next year. Can't imagine that happening unless we get an event. And I don't think that event is coming. Yeah. Thanks so much for starting your Friday off with me, folks. Stay tuned. We got our man Basil Chapman coming up next. We got an volatile market. But as Basil would say, the day is young, folks. Stay tuned. Have a great Friday. Have a great weekend. We'll see you back in Monday. Thanks so much.