 The following is a presentation of TFNN. The morning markets kickoff with your host Tommy O'Brien. Good Tuesday morning everybody. I'm Tommy O'Brien, coming to you live from TFNN. Thanks for starting your trading day off right here. And what do we got folks? Check your glasses. Check the binoculars. We got red across the board right now. S&Ps trading down 18 points yesterday. We were chopping around. We talked about an acceleration. We got some earnings going on. We'll jump over to those in a moment. But right now you've got markets in negative territory with the S&Ps down about 18 points trading at 45.96. You see that volatility. We were just about 46.08 as of 7 a.m. this morning. As I mentioned, we got some numbers coming up. You get the NASDAQ off 72 points this morning. The Dow off by 94 and the Russell off by 10. Russell still trading above 2,000. How about crude yesterday? Accelerates to 82 bucks on the dot. Man, Basil Chapman. He loves those round numbers. $82 on the dot. We've trailed off a bit. We're trading at 81.16. And right now you got gold trading lower by $25 to 1983. You've got to jump over to the dollar index, right? Talk about some dollar strength, man. So what do we got today? We got dollar strength. We got higher yields coming at you. Okay? It's so interesting, the market that we find ourselves in, man, because what's been the consensus, right? The consensus has been wrong for some time. We're talking about a 10-year yield right now at 4.02%. What happened to the Fed pausing and that being, and listen, we're only what? Not even a week past that meeting that we just had where the Fed hiked on last Wednesday. It's just Tuesday right now, okay? All things in context, I understand. But we are seeing higher yields. We're seeing a stronger dollar. We're seeing that weighing on commodities. And meanwhile, the market is just chopping around at 4,600 right now. So much of the growth on these companies, whether you talk about revenue, you talk about earnings, what is going to happen when they can't raise prices by 10%, right? Jump to a company like Procter & Gamble. I'm jumping around a bit. But boy, they have their numbers on Friday. Strong numbers because they're raising prices. They're raising prices 10% one year. They're raising it 10% the next year. They're raising it 7% the year after that. And meanwhile, got to go back five years to get over, which is pretty remarkable. Company like Procter & Gamble, they get away with raising their prices 10%, 10% and 7%. Now they have to pay higher costs, which is why they're raising them, okay? But they're also bringing a lot of that money to the bottom line. And yes, their stock is up, okay? Yes. Now let's back it up even further for some context. We hit a low in 2018 of about $70. And I'm cherry picking some equities here, man. But as I go through some of these equities and you talk about some of the sound companies relying on earnings, right? We're trading at 156. We came into COVID at about 127 folks. They just jacked their prices 10%, 10%, 7%. You're talking about we are almost four years past that price point, okay? What happens when they can't raise the prices? That's the point. We're going to find out, man. That's a segue to the article from the journal. I want to kick the program. Excuse me, Bloomberg. Wall Street economists are looking at September. Nope. That's not the one I wanted. Where are we? Here we go. Earning season threatens lofty stocks. Investors say optimism in markets could evaporate. If profits get squeezed further, it's not happening yet. And I'm not so sure it's going to happen this season, man. But it's going to be interesting as we go out a quarter or two, right? What's the consensus? They are talking about maybe we start getting hikes somewhere. Excuse me, hikes. Got to get out of my vocabulary, man. Maybe we get some cuts. The word cut. Going to come back into your vocabulary. Maybe we get some as you go towards the beginning of next year. What's going to be so interesting? The last quarter of this year, as in October, November, December, right? The last quarter of this year going to be especially interesting, I feel like, because that is when the student loan repayments begin. And you talk about a vacuum sucking money out of the economy, man. Tens of millions of people are basically going to have $300 to $500, if not even more on many occasions, added immediately that is taken away from their disposable income. And in most cases, it's probably not disposable income that is taken away from, right? It's probably taken away from income that a lot of which is not disposable. And so how do they make those decisions? Where do they pair back? Maybe all the disposable income goes away. Consumer spending, I'm not sure. We find out that begins October 1st. Three to six months is not that long. So we see where we go from there. The earnings have been strong so far, though, man. Consensus estimates for the S&P 500 quarterly earnings, year-over-year change. You got Q3 versus Q4. Q4, we got some lofty numbers, man, in terms of where we're at, right? Check it out. 10%, 8% across the board, man. 7% year-over-year decline in earnings for the second quarter. That's where they are. We had some lofty numbers to say the least, man. So we get to find out we're going through earnings seasons. We got some strong numbers today to kick things off, though. Let's talk about Uber. Why not post the first operating profit as ridership hits a new record? GA General Accepted Accounting Principles Operating Profit, $326 million. And their CFO, Nelson Chai, not familiar, but guess what? That's probably an opportune time, right? He's achieved that goal. Chief Financial Officer, they have operating profits, GAAP standards, second quarter operating profit, $326 million free cash flow. That's a decent number, $1.14 billion. The market's up barely in the pre-market, but a lot of optimism priced in. And this is a great example when you jump over to a company like Uber, okay? We're barely positive, but guess what? We just doubled this year. Uber is up 100% since January, man, from $25 to $50. That's simple math, folks. There's your action on their numbers. We're up to $52.73. We've paired some of those gains. We're back to $49.91. I mean, it's a lesson in terms of where we've been. The writing was on the wall their last earnings season. It looks like they go from $30 straight up to $50. They deliver that first operating profit. They come in and the market says, Humho, we knew it was coming. We're trading basically flat on their numbers. Now, Uber, they had a $3.80 move priced in. So that is a lot of volatility, man, for a company that's going to open about 40 pennies from where we closed last night. But as we know, sometimes where supply equals demand, when the market's open, we'll see if it starts moving from there. So they had a driver shortage that caused fares and wait times to increase the number of active drivers. Up 33% in the second quarter compared to a year ago. Number of trips taken increased 26% from a year earlier to a record high. That is a remarkable number, man, right? Think about it. Well, August 2022 in the world was wide back open folks, okay? So they had quite a surge in ridership 26% from a year earlier. Crazy, man. And there's their profit, right? You talk about some huge losses when they were coming in, man, especially during COVID, everything dried up. Yeah. Gross bookings, 34 to 35 billion in the current quarter is what they're looking for, man. Yeah. They're talking about EBITDA earnings, about a billion dollars, both above forecasts. Pretty remarkable. And that company is going to open at 50. But boy, the first quarter that you have profitability, right? You don't even trade higher because guess what? It's baked into the prices, man. So we'll see where we go from there. S&P is a little bit of negative action to kick things off. We're trading right now at $45.98. Note to bonds. Keep your eye on it, man. That is quite a move from $111.16. We just got a $110 handle. The low of last Friday was $110.25. And on a daily basis, you are chopping around at the lows of a lower price, higher yield with the 10-year, sitting above 4% right now. Stay tuned, folks. We'll be coming back. We'll talk some markets. We'll take a look at some of the other equities with their numbers this morning. Talk to Jim Blue. Talk to some others. Stay tuned. We'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. 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Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN Educating Investors TFNN has launched the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years, with live programming hosted by a variety of professional traders during market hours, the Tiger's Den, available to all tigers and tigers for just $1 for the year. 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. Welcome back, folks. We have the S&P's off 17 points right now, trading just under $4,600. We're still a stone's throw away from those all-time highs, man, of about $4,800. You're only 200 points away. Boy, when this market can run, it can run. We get two months until a Fed meeting. We get jobs numbers on Friday, man. We get some economic numbers with earnings before that. Jumping back to Uber for a second. So, as I mentioned, quite a run. This equity, positive in the pre-market, there is the one thing that did weigh on them, the freight unit. It's amazing how many components of this business they have. Great CEO running it. Dario, what did he run? How do you pronounce that name? Let's see. He's up here somewhere. All right. We'll get to him. Nonetheless, what I was going to say is they're freight. It accounts for less than a quarter of the total revenue, but think about it. That's approaching 20-25%, okay? Bookings and sales tumble 30% in the quarter. Category-wide headwinds. Spot rates seasonally weak. A trend it expects to continue in the near term. So, yes, that unit, their freight unit, accounts for less than a quarter of total revenue. It's just an extreme number. Still, now they go from there, okay? You talk about the food delivery business? Check it out. Uber Eats generated 3.06 billion in revenue. Slightly below Wall Street's estimates. And that is not how many... That's not the value of orders they're doing. That is their share of the revenue. $3 billion in 90 days, EBITDA of $329 million as the unit benefited from advertising within the app. Now, my perspective is, okay, is that as the economy potentially tightens here, be careful on those numbers if you're an Uber fan man. And Uber's a great company. They're going to be around forever. Optimism high, expectations very high as well. And it's tough to achieve those multiples sometimes. This is just one up 100%, okay? But it is a good company. But my perspective on these food numbers, okay, customers seem to have been undeterred by higher prices for food with delivery frequency of four monthly orders per an eater up 8% from a year earlier. So they're matching what you're talking about. Total revenue, $9.2 million during the period that narrowly missed the $9.3 that the market was looking for. Now, that is a luxury, folks. Don't confuse the two, right? You have their ride-hailing business is a necessity, a staple. You need a car. Many people use Uber, especially younger people. If they don't have a car, you're not going to need a car. I was having a conversation with our man Basil Chapman yesterday. He's been talking about kids. So Tommy's two and a half tomorrow, folks. Two and a half tomorrow on the day. Two and a half tomorrow. And so he's going to get his license if they still exist in 14 years, okay? Now, they'll probably still exist if I had to wager one way or the other. But imagine where ride-hailing is. Imagine where self-driving vehicles are. Imagine where they are in the year 2038, 2037. You might not need them. Self-driving cars are coming at some point. That is, so that's a necessity, right? The food delivery business, man, it is expensive, okay? I used to order this stuff all the time and I feel like I'm lighting money on fire when I order it right now. And listen, you know, you got a busy night. You got a long day. You want a luxury. You want to treat yourself. You want food getting delivered at home. That makes sense, okay? You're ordering it all the time just so you don't have to jump in the car and go do a pickup order instead. Percentages on percentages add up, right? What's the food bill went up in the last two to three years? 20%. Well, let's say you have a $50 bill on a food delivery business. If it goes up by just 20%, that means it's $60. Now you have a 10% charge on Uber while that charge just went from instead of $5 on the 50. Now it's $6 and more percentages point being, folks, it seems like it's at a level that's excessive, okay? And I used to order Instacart as well. Same deal, man. Grocery prices went up. Percentages on, ride, food delivery, whatever it be, have gone up. The tip goes up from there. You end up spending $40 or $50 in a heartbeat, man. I remember about a year ago I ordered Chipotle from, I think Uber Eats. And I think I ordered two burritos and the whole thing was like $46 to get delivered. I said, that's not okay. I'm not gonna do that one again. And listen, I love Uber, but I'm getting both sides of it, man. I'm surprised that the food delivery business has held up so well. Freight is gonna be a problem there. But guess what? The core of their business, yeah. Uber accounted for 74% of U.S. consumer ride share sales at the end of June. Lyft had 26%. Lyft's in trouble, man. Share is still less than 1% of the pre-market. How do you compete when you're that far behind? Right? That's the tough part, man. How do you compete when you're that far behind? You take a look at Lyft, now Lyft, yeah, they're up from $8 to $12.71. It's been quite a run, but check out the five-year chart on Lyft, okay? Lyft goes public at $88 and they're basically chopping around near lows. You check out that same chart on Uber, and Uber's actually above where it was trading at in May of 2019. Now, they both went public. Look at May of 2019, Uber goes public. Lyft went ahead of them, I believe. Yeah, March of 2019. So they go ahead, they get all the optimism and they sell off a bit, okay? They come into COVID and sell off even further. So it was a one-way trip from $90 and pretty rockable they push it out right before COVID, right? But back that up to Uber as well. Uber does as well, but check it out, man. You have Uber trading above where it was in its IPO month just off the highs and you have Lyft trading well below from the price of $88, even if your cherry picked this $50, $60, this thing was chopping around at. And I remember saying during the time, listen, these companies are getting punished, but if you're doing both of them, Lyft made some tough decisions. Maybe they should have went for the food delivery business like Uber did. Maybe they should have went a little harder. Maybe they should have spent some money during that time to shore up that business because yes, they're more domestic, okay? Uber is very international, Lyft was more domestic. That's why you caught a real acceleration here from $23 up to about $68. That was all on the optimism that domestically, right? America was opening. You still had some problems with Europe, et cetera, but America was wide open. Uber not able to operate internationally as COVID was still in other countries, more so America, right? The vaccines took hold. There was your first vaccine acceleration when the world began to 221. No, yeah. I had to recalibrate my pain. That was the COVID sell-off, right? And this was the vaccine. The promise, the vaccine starts to get and delivered February, March, because Tommy was born, I got to my head, yeah, February of 2021. And that's where the vaccines were just becoming available in March and April in America. So there was optimism there, more so domestically that Lyft took off. But boy, I mean, Uber is a verb in the English language, right? You say, let's Uber to the party. Let's Uber home. Hey, we'll Uber there. That way we don't have to drive. Nobody says let's Lyft. You want to Lyft home? It's a big problem, man, when they're that far behind. And I'm not sure how you catch up at this point. And the Holy Grail, of course, of these companies, as they say, is self-driving vehicles. The one thing I want to caution you there, yes, that's obviously going to be beneficial, okay? But that's a different world. And I'm not even sure that Uber wants that world right now because they don't have to buy vehicles, right? They get people to drive their own vehicles. When they have self-driving cars, they're going to have to have a fleet of vehicles. But guess what? The moment that they can have a fleet of vehicles, who else is going to have a fleet of vehicles? Whoever is making those cars? Like who? Tesla, right? If Uber has a fleet of self-driving Teslas, you know Tesla's going to have it. What if they have a fleet of self-driving Fords? Why doesn't Ford have it? All right, so keep that one in mind. Nonetheless, Uber shares actually lower now by a few pennies. We're coming back for the open folks markets in red territory. Stay tuned right back in three minutes. Attention, traders. Larry Pesevento, the renowned trading mastermind, is holding an exclusive live trading event on Wednesday, August 2nd. From 9 a.m. to 2 p.m. Eastern time, transform your trading skills with the real-time wisdom of a Wall Street veteran. 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From the moment until the closing bell sounds, Tiger TV has 8 different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN. Educating investors. Welcome back, folks. We've got markets open. You're looking at an S&P right now. Negative by 16 points, trading at 45.98. A little bit of a sell-off coming into the opening bell from about midnight. You're up there at 46.18. A little bit of volatility last night coming into the close. You talk about an acceleration up to 46.17 and just like that we're trading back right near those lows of yesterday afternoon. We'll see if we can hold it as we get negative price. The Dow actually climbs back in positive territory in the open. Check out that acceleration. Even since I came on the air, right, I was off almost 100 points when I started talking, man, you're positive by 10 right now, with the Russell reversing in negative territory. Russell, off by 8.10% as the Dow catches a little bit of a bid. We jump over to the dollar index right now, DXY just off the highs 102.25. That's putting a hurting on some of the commodities out there. Gold contract off $24 at 1985, somewhat back to the lows we had towards the end of last week in the gold contract. All right, jumping around to some of the other equities. The story yesterday right out there with Kevin Meyer and another executive being brought back so it would be interesting here. They had talked to and I remember even Kevin Meyer I wonder if they want to bring back these guys. So it was talked about that they're bringing these guys back as consultants, right, how to write the ship, maybe even to talk about what to do with the SBN, how to manage that content. Both of them were brought back at Disney, passed over for Chappick and they run, I believe it's Candle Media company, they own Moonbug, they own some children's properties, they own Coco Mellon, they own Blippi, they own some other ones as well, wildly successful kids characters, they've merchandise all of that, they've sold the rights to that, to Netflix, to different companies. And I remember that Meyer was talking about, I believe a while back and this guy's always fascinated me because he was kind of at the helm of Disney Plus when they started putting that together and they ended up going with the Parks Guy Chappick versus going for even maybe Meyer he jumped ship and became the CEO of TikTok, that turned into a political football that really wasn't what he imagined their company, Candle Media, I think it's backed by Blackstone, BlackRock nonetheless if he was going to be CEO of Disney I think one of the only ways that happens is that if Disney potentially buys the company that he has that he runs right now and so it would be interesting to see if that even comes out and if it does that would be a bonus for Disney, I'm telling you folks some of these brands is nothing like Disney but it is amazing how kids in my house and I've seen them everywhere flock to some of these brands they've had and boy they've picked up some of the best brands out there on YouTube and I tell you folks, just like adults there is outstanding programming out there on YouTube, that's where like this whole podcast deal is blown up, right? There's just free content everywhere that people like in the form of podcasts, in the form of YouTube shows, kids are the same exact way man, they don't need NBC or CBS or ABC or Fox to produce them something spectacular when there are so many creators out there that are producing content that they enjoy even more so whether it's YouTube, I mean TFNN is on YouTube, if you're out there listening you know exactly what I'm talking about because you're probably listening on YouTube or you're in a tiger stand or you've listened on YouTube at some point in the past point being, so Disney you're an 88 box man long term now, you really want to go long term on this, okay? When my brain goes you get some big pull backs, you're basically at the COVID lows which is remarkable technically you got to like, you're back against the wall man you're basically back at COVID lows, you're right back where you started the year at after being at 86 up to 120 you're backing off to 88, you got Iger back in there, you got Kevin Meyer back in there now I better learn how to pronounce his name and make sure I'm saying it correctly the next part of that conversation right is where are their movies now just recently in June I think it was last month, yeah June and so this is Iger, this is part of the reorganization, okay organized a huge swath of their release dates now the only thing I'll say here is they are subject to the Hollywood strike and if this becomes a big problem all of these dates are moot, it doesn't even matter because they're all getting pushed back, okay so consider that for what it's worth but where my brain went to immediately, now this is some of the revisions, okay, as in you had Captain America was going to be May of next year, they're now pushing that back to July 26th okay, they got an alien movie coming out next year this is all Disney releases and these are the changes they made last year so we're going a little big picture you got the markets at 4600 man, okay, you want to be invested, it's important to find some sound companies Disney has been an under performer for some time now, but you see the problem when you buy over performers like Uber going into earnings and they crushed it, Uber crushed it, okay and they're flat to lower this morning even with the freight miss, okay, they crushed it for sure, first quarter they're profitable, all that, but it's baked in you might have to go out a couple years, alright where you want to be, here's my opinion where you want to be right now on this timetable for Disney, so maybe you don't have to buy them just yet maybe you look for it to find a bid before you get into it, okay get in there when you got some Star Wars movies, man the last time I think Star Wars came out was like 2019, do you know that 2019 was the last time a Star Wars came out okay, and you got Deadpool in 2004 you got a Blade movie, you got a Fantastic Four movie comes out May of 2025 Avatar 3 is going to be at the end of 2025 that's potentially a big one there and then what do you got man, you got Star Wars May of 2026, you got another Star Wars December of 2026, so in the span of 12 months from December 2025 to December 2026 you're going to get the next instalment of Avatar and you're going to get two Star Wars movies and we haven't seen one since 2019 that's going to be quite a run for Disney man, when they put it together yeah, we got this Captain America middle of 2024 they got a Fantastic Four movie middle of 2025, but you can see Deadpool 3, that should probably be a big one middle of 2024, so what are going to be the big ones next year, Captain America Deadpool 3 that's all that jumps out man, to me, versus you go to Avatar 3 you got an Avengers movie in 2026, you got two Star Wars movies in 2026 you got another Avengers movie in the beginning of 2027 and then they even got Avatar 4 and 5 slated for 2029, 2031 but that's an area that they're going to crush you to the box office man there's nothing like Disney, there's nothing like Star Wars and they got two films slated for the same year, when you really haven't had a Star Wars in forever, and that's probably one of their biggest franchises, when you think about the ability to put out a box office film that can crush a billion dollars at the box office I know what I'll try and find right now too let me see in 2019 check this out, okay look at these articles man in 2019 this is just cherry picking a Google okay, this is an end of 2019 article written about the fact that Disney banked 13 billion dollars in the box office in 2019 how'd they do that well they had a Star Wars towards the end of the year okay, they had an Avengers they had Lion King, Captain Marvel Toy Story 4 Frozen 2 so this is what they have the potential to do 7 billion dollar movies is what Disney had that year in 2019 I'm not sure they'll hit 7 again but for some context towards the end of 2019 folks on Disney shares okay, that was their run it was a perfect combination of everything the stock shot up to 152 that was their big banner year they also announced the plans for Disney Plus you were trading at 112 before they even announced those plans you trade up to 203, we're at 89 bucks so keep those on your calendar as we took a little deep dive on Disney, we'll take a look at some of the other companies with their numbers already, 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 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traders and active investors distributor for side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ folks I got a chart here of Amazon Amazon pulling back a bit we're off about half a percent we jump over to the S&P right now off about 12 percent interesting article over here from Bloomberg talking about the FAA approves the largest uncrewed aircraft system in the US this is what I talk about man you start going out a year two years three years just go out to where Tommy's going to be 16 years old man the year 2037 what's it going to be like okay because in the year 2023 we're going to have basically planes flying around that are uncrewed drones yeah I was talking to Landon who's six and Tommy who's two of course the other day and saying I was explaining that you know they're probably going to have self-driving he's saying he was saying they're going to have self-driving cars I said man they're probably going to have self-driving planes by the time you're 20 years old 15 years from now they're probably going to have self-driving planes they're probably just going to be drones we have a drone right we fly the drone around in the backyard all they got to do is make the technology a little bit bigger a little bit more reliable a little bit safer put some people in there and you got self-driving drones all over the world okay but nonetheless they got it done in terms of this company an electric aircraft startup received approval from the FAA to operate its uncrewed zero emissions so there's zero emissions there's no driver no pilot at all and it's a commercial vehicle the aircraft called Pelican Spray it's highly automated it's 1100 pounds it's a crop sprayer okay it would make sense this is where you come in first you're not putting people up there just yet you're not even flying long destinations over long places you're flying over fields you're spraying some crops they currently lease their battery operated aircraft to agricultural and crop spraying companies in Costa Rica Honduras and Brazil they spray pesticides and fungicides for crops like bananas cotton soya corn with FAA approval in place it plans expanding to farms in the US getting FAA authorization for a passenger aircraft is a long and difficult process and a significant hurdle for the electric aviation industry the main challenge to electrifying commercial passenger aviation though is the limitations of battery technology that make it infeasible to fly any meaningful distance with multiple passengers on board for context this small uncrewed crop sprayer needs to land every 15 minutes anyway to refill their chemical tanks which is also when their batteries are swapped they carry up to 540 pounds of liquid pretty cool though so think about it we've got drone vehicles they're going to be up there spraying all the crops zero emissions in there as well it's an electric vehicle and you've got to say where does the elect where do all the batteries come from how do you say zero emissions it's zero emissions because it's an electric vehicle yeah interesting nonetheless man the future is a wild thing despite the current challenges 20 years from now in which electric aircrafts run regional short-haul flights and those powered fleets operate long-haul flights the world is coming man get ready for it alright what else have we got up here yeah we talk a little bit of heat let's talk a little bit of Pfizer out with their numbers beat on earnings but revenue misses Covid product sales plummet shouldn't be surprising there they pivot away from that Covid vaccine and Covid antiviral drug plax Paxlovoid while the world emerges from the pandemic yeah so we jump over to Pfizer numbers they were pretty much unchanged on their numbers as Uber has actually pulled back yeah Pfizer down about a half a percent on their numbers it's been quite a pullback for them though we pull up the weekly yeah check it out right for this year 52 bucks to 36 quite the rise to 61 dollars yeah those vaccines becoming available what beginning at 22 beginning at 2021 end of 2020 something like that quite a historic run and then they give it all back man up to 36 bucks on Pfizer and we do jump back to Uber yeah we're gonna give it up off almost 4 percent man there's a 10 minute chart we open and we trade lower by 2 bucks continue into trade lower as I mentioned strong numbers on Uber but they were worried about the freight part of their business for sure and I wonder if anyone's worried about that food delivery business as well if things really get cramped in the economy alright we get some volatility in the markets we jump over to the VIX right now VIX actually pairing that volatility on the open but we got a 14 handle at 1401 as the market's trading a little bit lower and folks tomorrow it's a big day at TFNM Larry Pezzavento he's got his live trading event tomorrow you can still sign up folks now please I encourage you if you're thinking of going hand on over sign up right now you gain access to the newsletter that Larry puts out Fibonacci 24-7 you get that for a month that's a 97 dollar value the cost is 295 dollars that gets you in for the five hours of live trading it will be archived you can go over those five hours however many times you want the whole archive will be available on your TFNM account member page that sign up Larry does two or three of these a year last one he did was in March not sure he's going to have one through the end of the year we'll see but he does about two or three years to check it out should be a good event always a good time I try and check it out myself I'll be doing my show at nine o'clock in the morning tomorrow but Larry will be in there live trading kicking things off at nine and the reason why he does it this way folks is because he doesn't trade the final two hours of the trading day he's looking for action those are the hours he focuses on especially right out of the gate early in the morning that's why he's in there 30 minutes prior to the open at nine in the morning check it out Larry Pezzavento tomorrow nine till two five hours live trading should be a good event and yeah don't wait till tomorrow morning to sign up folks because we got to get you in the discord room it's a great way to do these presentations we already have a lot of great sign ups there's going to be a lot of great traders in that room I'm sure and don't wait until the last second though because we got to get you in the room it only takes about five minutes but if we get a bunch people sign it up at nine in the morning tomorrow it's going to take us a few minutes you don't want to miss a minute of it so don't wait check it out sign up we'll get you in that room today you'll be all set for Mr. Pezzavento tomorrow 23 hours 23 hours and 12 minutes from right now there you go kicking things off Larry Pezzavento all right what else we got going on we talked about planes yeah we talk a little bit of Wall Street why not some of the projections changing some of the analysts racing to catch up strategist scramble to catch up as the S&P 500 rally rumbles on you get Oppenheimer raising their year on target to 4900 we talked about Morgan Stanley's Wilson yesterday admitting some of his losses repenting a bit sounding a little less bearish yesterday he has been for some time can't deny how wrong you've been when this market has just plowed higher bullish targets they just talk about people are updating everywhere man you got 4900 at Oppenheimer you got 4825 at Fundstrak credit Swiss at 4700 the average though still still sitting at 42 45 what are we pushing right now almost 4600 in the market this at a time that we have yields continuing to rise right with the tenure back about 4% right now and you know I talked about this yesterday we're coming into school man some schools starting this coming Monday some schools starting this coming Wednesday August night that means you got orientation kicking off either Friday or Monday potentially that means everybody's kind of doing their back to school shopping in Florida last week this week you probably already have it done we already have it done in our house remarkable summer's over we're back to school how that's going to change things in the northeast has got about a month longer kids get out a month earlier down here folks so they just shift that summer forward we were talking about in the den yesterday they had some some good guesses that maybe why that's the case all of them out dated though so interesting that doesn't get changed kids go back to school at the beginning of August here nobody really knows why they're all trying to figure out why that might be the case from years past maybe it's because nobody had air conditioning right maybe it's because of this reason that nonetheless kids going back to school in Florida man in Massachusetts yeah you probably got another month right when's Labor Day I believe September 4th this year September 4th which is almost five weeks away stay tuned folks one more segment don't forget about Larry head on over to the front page at TFNN.com check out Larry's course sign up for it we'll be back for one more segment TFNN has just launched their new trading room the Tiger's Den hosted at discord TFNN has been educating traders 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 Tigresses for just $1 for the year there's no catch or added costs when you join our community of traders in the Tigers Den you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigresses as they share trading ideas news analysis 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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 Welcome back folks we jump over to Ford we got a bid in Ford right now you're up by 810% of the article jumping over here you got Ford they're going to restart that F-150 lightning production demand jump six-fold after they cut their prices in July the battle is on in EVs man I was also reading an article I think on the program recently right talking about that larger EVs are coming to market the biggest SUV yeah I was talking about it because myself I'm looking potentially for a three-row vehicle that's what they were talking about electric vehicles they're coming with big vehicles man which Americans love the only big three-row SUV that's been on the market for electric vehicles has been a Mercedes at 105,000 that's about to change in the next year and the price war is going to be on I'm sure as they try and get into market for the Ford F-150 and markets we get the Dow catch and a bid beyond that S&Ps right now negative by 10 you jump back to Uber shares down about 4% on their numbers for Uber shares and yeah finishing up the conversation I've been talking about those student loans it's interesting so many articles popping up that basically say the same thing I saw this one on Bloomberg this morning I said is that the old article is that the article I've read before no this is just another article out this morning by one writer Janet Lauren talking about same exact deal man 28 million borrowers will soon need to restart payments they put it in some interesting perspective though in terms of how much money this actually is you're talking about 28 million borrowers that's all going to begin October 1st many borrowers were assigned new loan servicers some of the biggest companies out there quit the federal program when nobody was paying probably then you had the whole failed attempt to forgive that debt that went to the supreme court right you got people in there who don't even say they don't even know what servicers providing their loan anymore and then they compare it to the size of the bank 1.64 trillion in outstanding federal loans 90% of the borrowers saw their payments pause so that's 1.5 trillion dollars of debt that's been paused okay that would rank as the fifth biggest bank in assets in the country so imagine that you get the fifth biggest bank in the country they've paused 1.5 trillion dollars of loans for three years and it's all starting back that's going to matter man so keep that one on your radar and that begins October 1st so I say maybe the end of the year maybe holiday season a little tight as we go forward thanks for starting the day off folks don't forget about Larry he's starting tomorrow but stay tuned our man