June 7th, The Morning Market Kickoff with Tommy O'Brien on TFNN - 2021 By tfnncorp

The following is a presentation of Tenn good morning markets kickoff with your host Tommy o'brain, now Tommy o'brain good morning, everybody I'm Tammy o'brain coming to you live from Tenn 906 a. m. Monday morning we got about 24 minutes to go until the start of trading and things picking up pretty much where we left off. On Friday, we get the s PS up about two points right now: trading at 42 30. Within a couple of points of the high we had pre-market Sunday evening, and you're talking about only eight points away from the all-time highs that we've had in the s PS tech stocks down a bit. You get the NASDAQ 100 off 19 points: 13 07 47, the Dow up 68 34 0810, the Dow you're talking about an easy number to remember: the highs, 35 000 on the dot in the futures on the day and the Russell up above four points: 22 90 this morning, uh the Russell interesting enough.

You know you talk about AMC. Furthermore, you talk about game, stop right, two of the top three valued companies in that index, some pretty calm action. This morning you got GameStop volume wise. Almost non-existent compared to what we've had going on prior days, GameStop you're up about six dollars from 248 to 254. You got AMC, shares right now up above three dollars at 50, 11.

Interesting story out there. Last week, talking about some executives were able to sell shares that they had in AMC uh one in particular. The one I think was a board member was able to get off.40 000 shares at 62 talking about data this week, and I said heck of a price. You got to credit that trade in terms of that execution. You look at this chart.

Folks, they had 40 000 shares all right, I'll, try and find the article uh beginning of the year, beginning of this year. This calendar year, it's only June 7th uh. Those 40 000 shares worth less than 80 000. He holds with some diamond hands. Uh doesn't sell on the first runoff and how about weights for 62.

Folks to put 62 on that chart? That is quite an execution to sell off your 40 000 shares, and you're talking about something like 2.3 2.4 million dollars, as opposed to the 80 000 early on nonetheless interesting. It continues but low volatility we'll see what happens on the open on some of those stocks. I bring it up because the outsized impact they've had on the Russell 2000 in particular, jumping around to commodities crude. Quite an acceleration for crude. That's an uptrend, a big way.

It's continuing we're pushing all-time highs. You make 70 dollars last night on crude. We pushed that level at about 9 00 pm eastern time we backed off a bit to 69 44. You got gold down about three dollars at 18.88 this morning and, as we talked about on the update, we got notes pulling back a bit. We got the tenure at 130 202 right now, all right, jumping around to what else we got going on so apple.

We got the NASDAQ 100 is down marginally. You got apple up marginally big day for apple. They get their uh worldwide developer conference kicks off at 1 p. m. Eastern time, I believe uh they'll, probably stream, that live we'll see if they have anything to talk about.

Sometimes they announce whatever they announce at these conferences. Sometimes they may not do they have more items coming down the pipeline right, so keep your eye on apple as they will be in uh, steady stream of news coming out of the worldwide developers conference believe they do stream that at about 1 p. m, eastern time, taking a look at the daily on apple, remarkable action when you think about how they've just crushed it on earnings in a big way, and you're talking about that we're trading at prices in apple that you're back to still august of last year, we're at 125.89, you were trading at 124.87 there you go one. Twenty-eight seven, eight nights, you're back to August 24th of last year, now apple, really accelerating you've got to go back to a three-year weekly to get the full coverage lows remarkable you're, talking about 53 dollars. Now remember there was a split in here, so we didn't see a price of 53 actually at the lows that is split, adjusted.

Nonetheless, you're still sitting at one and a half times the lows, you're still sitting at over a 50 percent return from the highs that we came into covet, let alone when you look at it. The last two and a half years, you've had apple run from 35 to 125. Do you remember the sell-off we get towards the end of 2018 and again, even if you take the highs before that sell-off, so you're, going back to october 2018, okay a little less than three years, basically that we're pushing, and you trade from a level of about 53 to 125? Folks, that's still at that time, you're talking about 150 return, basically on apple in less than three years, and that is cherry-picking the highs of 2018 to the current prices that we sit at and that's after a consolidation of a period of eight months. Remarkable when you think about the appreciation of that company and, of course it shows the market capitalization of 2.1 trillion dollars, they have 16.6 billion shares outstanding remarkable. I mean if that company is trading at what five six dollars right.

It's its! A hundred billion dollar company just to put things in context of how many apple shares are outstanding, 6.6 billion- if there's just, if that, if that's a dollar company that company's worth 16.6 billion dollars, keep that in mind when you see it now, Amazon, quite a different story: we're trading uh, basically flat this morning on amazon's got 500 million shares where apple's got 16 billion, but yeah. That's why Amazon's trading at 3200 and apple's trading at 100 and change? Okay, jumping around to what else we got going on this morning, or should you say what we have going on this morning? Uh the g7, so they strike a deal to revamp the tax rules for the biggest firms. Uh, there's going to be a lot of writing about this in terms of the implications how this is going to affect different countries, how it's going to affect whether it's taxes that country companies are paying in the U. S. or abroad or where they do business.

The ministers agree to a minimum corporate rate of at least 15 percent. I think we can all agree in principle on that. It always gets down to the details right and how that plays out uh you get into the nuts and bolts of what happened. So the group of seven rich nations' landmark deal help countries collect more taxes from big companies and enable governments to impose levies on tech giants, and you know Amazon, Facebook google's in there, I'm sure Microsoft right. So the U.

S. said put this forward. President Biden put it forward at least 15 on foreign earnings. Okay paves the way of levies and multinationals in countries where they take money, um where they make money instead of just where they are headquartered all right. So you got a lot of companies, they're searching out tax havens right all across the country.

I mean you look at. I just want to pull up this chart here. Worldwide average statutory corporate income tax rates have been declining for four decades. You don't have to be a genius to see the decline folks from the 80s down to where we are now, and it's continuing to drop even from 2010 2010, you go from 24.5, you drop an additional 6 10 percent and that's after a drop out of bed. Basically from the 80s, you go from 41 down to 25 percent.

You know you got to make the argument that you got to be competitive on a worlds cape, etc. um, but now the focus will shift to the July meeting of the g20 finance ministers in Italy and long-running talks between about 140 countries at the organization for economic cooperation and development. OECD. So we'll see how that plays out, but that'll be a big factor in terms of how companies do business, where they're able to skirt the laws of taxation, etc. Um, the g7 pack marks a step to rewrite a global system.

The critics said: allowed big companies to save billions in dollars in tax bills by shifting jurisdictions hard to argue there. When you look at the tax rates, some of these companies pay that they just make oodles and oodles of cash. In a big way, um and so we'll see where that plays out they're starting at 15, so the U. S. initiative for the OECD could recast landscape for corporations.

So in the blue you have the corporate tax rate in 2020 and in the red you have the U. S. proposal of global minimum tax rate. You can see that most of them are hitting it right where you are the U. S.25.8, the minimum v15. You got some on the left.

Ireland companies love to do business in Ireland, they're able to uh cut that rate in a big way, so we'll see how that plays out, but nonetheless interesting news and probably some pretty um, pretty important news in terms of the ramifications it could have um on a long term basis with that type of agreement all right folks, we got 15 minutes to go until the opening bell, pulling back the s PS sitting, basically near pre-market highs.42-28, we get the NASDAQ negative 22 in the Dow up 63 stay tuned folks, I'll be right. Back in three minutes. Golden ratios give shape to everything in our world represented in the Fibonacci sequence. These special numbers define the patterns that make up our universe. Not even markets can escape the omnipotence of these ratios.

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You can test drive the tigers' den, absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you, details on the tigers, then, on the front page of tfnn. com. Welcome back folks. We got about 12 minutes to go into the opening bell s PS within a quarter of the point of where we closed on Friday, jumping around other stories today, so Jeff Bezos in the news not surprising. We have Amazon down about two dollars coming into the open sitting right at about 3 200 this morning, so it turns out Bezos he's going to grab one of the seats on the first flight to space for Blue Origin, so plans to travel to space on Blue Origin's first flight next month, when the company launches its first passenger carrying mission remarkable that we're right here I mean you talk about it all the time space tourism is here.

Folks, it's happening so um. He will be going up there. Alongside with his brother. He talked about and made that post. I guess on Instagram on Monday, scheduled launch next month will be about two weeks after the billionaire plans to step down as the CEO, so he's out as CEO, and he's flying off the space folks, that's it uh! No, I imagine he'll be back, and he'll still be chairman of Amazon uh.

He says ever since he's been five years old he's dreamed to go to space, probably along with uh most other children in the world, uh they're auctioning off the third seat. I believe it is so it'll be Bezos. His brother they'll auction off the third seat that seat, I believe, yeah. The high bid stood at 2.8 million Monday morning, um that will end June 12th and that bidding was prior to I guess, Bezos announcing he'll be on it. That'll probably boost that a bit but interesting.

When you look at uh how close we are to kind of a new world folk, when you talk about that Blue Origin. Now, Richard Branson and his stock Virgin Galactic space they've been getting some good action in a big way. We're up to 62, 80 you're down to 15. Turns out that they're going to be back in the business of sending people back into space. You've now doubled the price we were trading at in Virgin Galactic from about 15 to 86 on May 19th, as the realization is setting into the market that this is a real deal.

Space tourism is here, and it is not going to be cheap folks, that is for sure um as that seat going to be millions and millions of dollars to sit with Mr Bezos and his brother. But I imagine normalcy, it's not going to be on the cheap side as well all right what else we got going on. I want to jump a little to uh this story, which was interesting talking about bitcoin, so bitcoin sitting pretty steady at about 36 000. Where are we this morning, 36 730 right? We got a little of a consolidation under 40 000. Kind of this area.

Back to the beginning of January, we've had on here and uh pretty cool story here talking about a bitcoin experiment from seven years ago, so kudos to these uh guys and girls. Whoever was running this experiment, but boy yeah bitcoin has risen a lot in that time. So what it had to do with is you have, so you have one person here, a student Mary spaniels, maybe a winning lottery ticket as they call it is. So what it was is they got the offer mit folks, Boston, growing up in Boston um, so many brilliant educational institutions, MIT being one of them, Harvard of course uh a notable second, along with many others too many to even begin naming. They had an experiment going on, I'm sliding it down so MIT project 2014.

Lets how this goes considering where we are now hindsight's 20 20. In 2014, every undergraduate at MIT had the chance to claim one-third bitcoin a string of code on an online ledger as we're all pretty familiar with now about 3 100 students grabbed the offer all it took. Folks are that they'd fill out a long questionnaire and go over some educational handouts. They'd then set up a digital wallet which holds the code they could exchange for something of value, including cash, so they would get the one-third bitcoin. All they had to do was fill out the questionnaire when you think about how simple that is now right now.

That would be worth about. What's a third of a bitcoin, thirty-six thousand dollars, twelve thousand plus twelve thousand two hundred and change right now, you're talking about um for a third of a bitcoin. Now the experiment was the brainchild of the two bitcoin evangelists Dan ellipse, a NBA student who had just founded the school's bitcoin club and Jeremy Rubin undergrad computer science. Major. They sought to take a glimpse into the future of what's possible.

With this text, they were just trying to spread the technology, it's just interesting to see and when you get around these colleges folks, you get these young people um and look at this, so you got elixir he's now 37, so he was 30 at the time. You know not exactly 20, you know they're talking about MBA students, etc. , just brilliant minds, just uh. You know willing to let their thoughts go in terms of what is possible. They create this thing.

Bitcoin at the time was probably not much money. They raised the thing they want to push the technology around see what can happen if you had held onto it. You're talking about huge money um, the study illustrated the bitcoin could function like an investment or, as one said, an asset, a store of value as they wish we'll see right, but as it went up to 65 000, it's now at 36 000. , it's just cool to see the types of things that have gone on through bitcoin. This is one in particular when you think about um.

They were just two believers early on and hopefully these two gentlemen that started this- put some bitcoin away from themselves, because if they were pushing this kind of energy into bitcoin back in 2000 and was it 14, I believe it is um what'd, I say 2014 right. Let me get back up there come on shame on me, yeah. I think it is yes 2014 every undergraduate, but you see how I mean this is the type of thing folks that you get into these amazing universities, and they should all do it, but the students enhance the experience as well. Right I mean every single student at MIT had the ability to create a digital wallet and get free bitcoin back in 2014. Imagine the few people that might have gotten pulled into that experience that maybe they weren't a part of that experience prior, look where we are now and see, what's possible, uh, pretty cool! When you look in hindsight where we are all right, let's jump to a little inflation, so Bloomberg's got a story out here.

I love riding a bicycle. Folks very fortunate live in Florida got myself a nice bicycle got to get tuned up a little right now, probably, but it's still in working condition. Uh. I did not pay 5 000 for that bicycle, even though it's a truck, it's a great bike, trek great brand for sure a lot of great brands out there, but it ain't five thousand dollars, but guess what you're? Talking about ten percent rises in bicycles, uh, the hobby, enjoying a new wave of pandemic popularity, bicycling right, uh customers heading to the stores find out that stocks are depleted. Prices have surged.

This is all the rage in terms of figuring out folks um. You know you go to Santa Cruz. Okay, you want a full suspension, carbon mountain bike. How about 47.49? The key here is yeah, that's a pricey bike. It was a pricey bike a year ago, but it wasn't as pricey as 10 to the upside folks 10 in one year.

The cost of that now I'm sure you might be seeing um some costs in terms of cost of goods going into that rising. So they may be rising the prices. But it's big numbers, and realistically I don't see them coming back down anytime soon. Now you look at sales across the U. S.

, bicycle market rose sharply in 2020 new bikes, including e-bikes. You see the spike right, 2019 4 billion 2019 they at 800 million dollars. That is a lot of extra bikes used bikes, 2019 1.3 you go to 2020, 1.7, percentage-wise, bananas, parts and accessories. It makes sense. You got more bikes, you got to spend more to take care of them.

Maybe people have a little of an older bike. I just said mine needs a little of a tune-up right and then our service same deal that would fall into the same category. Maybe people had those bikes stowed away, you're stuck at home a little longer, there's a spike, but it's its just something that to keep your radar on folks in these stories. You know you don't see it going the other way anytime soon, um people's tendencies have changed, and when, once you get a bicycle, you enjoy that. Maybe you go biking with your friends all right.

The things that we're all craving our lives have changed. A little just keeps your eye on it, because it's not going to change in a couple of months, there's going to be some inflationary tendencies, and this is just one as it keeps going in a big way. I mean the next story. I wanted to jump to following it right flush with stimulus cash. Consumers are spending more at the Bank of America, CEO Brian Moynihan, so he's talking about consumer spending has surged.

Amidst the reopening I mean that's, why you're seeing these types of stories that's a contributor in a big way. Our consumers have lots of money in their checking accounts. Moynihan said this was on CBS's face in the nation yesterday they have not spent about 65 to 75 of the last couple rounds of stimulus. That's a big number of folks. We're going to talk a little more about that, because that means the pent-up level of savings.

It's there, and it's waiting to be spent we'll be right back with the opening bell. Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the tiger stem trading room only at tfnn. com, the tigers' den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the den and surround yourself with the sharpest minds in the trading world subscribers to the tigers. Den are also the first to have their questions, answered, live on air and can privately chat with our Tenn hosts live during their shows interact with other tigers and tigresses as they share trading ideas, news analysis and discuss the market action all trading day. Subscribe to the tigers, then risk-free with our 30-day money-back guarantee and become part of the Tenn trading community Tenn, educating investors.

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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, we got markets open. We got s p flat right now at 42, 29.

, jumping back to that story from a moment I was talking about here, so you had Bank of America, CEO, Brian Moynihan, one here take a look at this statistic: spending by consumers at Bank of America exceeded one trillion dollars so far this year. Now it's June 7th, so we're not even halfway through the year that is up 20 over 2019 kudos for the comparison. If you watch the program, folks comparing to 2020, is almost useless at this stage. Uh tell me where we are compared to a normal year, like 2019 spending is up 20 now spending's up 20 combines that with the fact that consumers have a lot of money in their checking accounts they've not spent about 65 to 75 percent of the last couple rounds of stimulus, so consumers have three out of four dollars, or even close to two to three out of two out of three dollars somewhere in that range right of stimulus spending sitting in their checking out account, and even with that much stimulus sitting in their accounts, they still have spent more than 20 percent over what they spent in 2019. Staggering number now this stuff makes sense: domestic travel, car, rentals, hotel increase consumer spending buying foods in the store is not happening as much as now.

It's sit down, restaurants, etc. U. S. economy projected to grow at seven percent this year, 5.5 percent next year. That's what Bank of America is looking for.

Some strong statistics there leading to some big numbers um in terms of spending now. The interesting thing you got to go to next, though, is how does that translate to jobs? So this number makes me think: okay, there's plenty of money to be spent, but is that money going to translate into enough economic activity to the businesses that need them to get back the eight million or so jobs that we haven't reclaimed prior to covet? I mean if that spending just goes to Amazon, Walmart, target Lowe's, Home Depot, Microsoft, google, etc. Facebook. You might not see the job creation that you might have prior when some of that spending was being spent on businesses that needed it most, where some of those jobs had been lost. That's going to be kind of the battle that goes on there.

The economy is going to be great, but is it going to be able to bring back those 8 million jobs? Some people coming out of the job force? You know, there's a lot of people that were really close to retirement. Maybe all right, they've left the job force. It's not exactly a bad thing. Maybe they've realized uh, guess what life is short. You never know.

What's going to happen tomorrow and I ain't working anymore, if I really think that I can retire and guess what I've gotten used to this last year, maybe I'm 60 years old. I was right on the verge of it and I figured out you know what stocks have run pretty well in the last year, my retirement's up, I'm able to do it and I don't feel like going back to work uh and if that happens, then where's the fed come in its just one after the other, in terms of how things keep going. But how does the fed play into that if we struggle to get back those eight million plus jobs um at a time when we just got non-farm payrolls in the month of may on Friday, kind of weak number? You add up April and may, and you're talking about uh less than a million jobs added for those two months. When we remember that the totals for April alone, they were looking for maybe a million jobs. So we've really tampered down the expectations in a big way for the jobs added fed's going to be in there.

For a while, which is why we see uh the interest rate of the 10-year right now, you're talking about a 10-year yield of 1.574 percent, now 1.574 really pulling back from the yields we had, which were 1.6, something, etc. Last week we'll see how that plays out we're going to see it play out in a continual basis, all right. What else we got going on got to talk about tesla this morning wouldn't be in morning without talking about tesla, uh, so Elon, he says tesla, officially canceled the model s played plus you got a lot of models going on, so tesla had promised the plate plus version of the model. S would deliver 520 miles range and an acceleration from zero to 60 in less than two seconds turns out. I guess that's not quite what they want to use their time and money on so cancel the most expensive variant of its flagship, sedan, the model s previously tesla and moss promised fans the trimotor plate plus version the new model.

S would give drivers 1100 horsepower 520 miles of range and zero to 60 in less than two seconds, but on Sunday uh he wrote it's canceled no need it's. Just the played is just so good as in no need to go above it with the plate, plus um zero to 60 in under two seconds. Quickest production car ever made of its kind has to be felt to be delivered, so he's talking about in there the plate, which I guess is zero to 60 as well. Nonetheless, you know if you're an investor in tesla, you better realize that things are very fluid in that company. As we all know, there's tesla we're down a bit right now down about 1.5 percent from five uh from 600 to about 590 this morning on tesla, let's jump around to some different tech stocks, so Amazon right now we're basically flat you get the NASDAQ 100 down 10 points. Microsoft shares up a 10th percent, checking in on apple ahead of their worldwide developers conference actually pulling back on the open, we're flat right now, we'll call it down.1 10 percent at 125.71 for apple shares. Let's jump around to see what else we have going on this morning in terms of stocks so Microsoft they want approval from anti-trust regulators in the U.

S. , for its 16 billion deals to buy artificial intelligence company nuance communications uh, they said, reviews are still taking place in other jurisdictions, but expected the deal to close by the end of 2021, and we take a look at Microsoft fairly positive this morning, catching a little of a bid on the open to 251 12. Kkr they're, going to acquire yeah airport services company, I'm going to slide up real quick because that's one transaction with KKR going on, but how about the deal? Um yeah between Blackstone and Carlisle, along with helm and and Friedman they're, going to buy medical supplies, company med line for 34 billion dollars according to debt? That would be the largest leveraged buyout deal since 2008 financial crisis separately. The journal reports that Blackstone's going to announce the deal by data center operator, qts realty trust, 6.7 billion they're up pre-market, but the med line deal 34 billion dollars, medical supplies, med line uh, medical supply, company, great industry to be in I'm sure, as that's only going to accelerate in the future um in the U. S.

, but staggering numbers up there, 34 billion dollars for those private equity in a leveraged buyer visa, so visas. Up this morning, let's see how they're reacting on the open, yeah continuing. I thought that might happen.1.7 visa! You look at the daily right, we're pushing basically the highs we have at 237. You pulled all the way back to 220, which almost got you back remarkably to September of last year, 217, we were at let's put this on a three-year weekly for Disney to see the full scope of cubit we're basically sitting just above the levels that we had coming in to covet, but they get an upgrade to overweight from neutral at piper Sandler, which said it expects the payment network operator to benefit more from the vaccine-driven us recovery than MasterCard visas. Up this morning and peloton they're up as well, so they get a new rating uh new coverage at loop capital with a buy which notes a 40 drop from the January highs.40 percent from this year right, uh and index expectation that the financial impacts of the company's treadmill recalls is likely overstated. So basically saying it's pulled back a little much yeah.

They have some woes about 40, probably not fair, uh, that's a weekly! I already had its folks 382 the 50 and the 618 put them on your charts, because they are something I'm always watching on Fibonacci levels. You know I'm watching Fibonacci, I'm watching moving averages, I'm watching volume, um ABC's and this thing pulls right back to basically the 50 78.85. We touch a level uh. We make it to a low of 80 48 within about a buck.50 of that price, and this morning we're up more than three percent on peloton and yeah. I imagine folks that peloton is something that uh is going nowhere.

You know in a big way as, and they are ingrained in society. At this point, they become a phenomenon when you think about the amount of value that they get from their monthly subscriptions. I told you I started off with I mean real bikes are five thousand dollars now that's a pretty souped-up bike. Folks, you don't get to spend five thousand dollars, go out and buy a bike at target for a couple of hundred bucks or something get outside, but peloton they get away with charging at 45 bucks a month. I think it is after you spent 2 grand to buy their bike quite a business plan, but when you can get people to sign up, why not you got peloton up 2.6 to start off the trading week. Stay tuned folks, I'll be right back in three minutes.

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That's tfnn. com then hit watch tiger TV welcome back folks. We have the s PS, flat right now: tech stocks down a bit NASDAQ 100 off about 30 points. This morning we have the Dow up 38. We got the Russell a little of a bid on the open at 22.95 when you're talking about the s p bumping up right near all-time, highs, 42-27 about 10 points from that level, and you're talking about a Dow, giving it up a little on the open, but the Dow we'll talk about 35 000, the highs there all right jumping around to what else we got going on next Wednesday. Folks, a week from this coming wednesday, June 16th, our man Dave white.

You can listen to him every trading day here at two o'clock. Eastern time live with the power trading hour. Uh Dave will be hosting a special live subscriber webinar talking about ensemble methods for option expiration plays. Now you can get into this by being a subscriber to any of Dave's products. So you have the path of the least resistance, his daily trading newsletter, the tech insider, that's a weekly investment newsletter, okay or the art of timing.

The trade charts the product uh, the software product that Dave developed with my dad any of those products, pathways resistance, tech, insider or the art of time of the trade charts. If you're a subscriber already, you gain access to this already. If you're not, I encourage you to sign up for one of them. You gain access to the newsletter everything we do. Folks new subscribers get a 30 day, money-back guarantee, so you have nothing to risk and Dave's going to be talking about a framework for finding trades for option expiration place.

So Dave goes over what he's going to go over in terms of the points here, um as it mentioned in the description talking about this okay, since he wrote his first white paper stocks and commodities magazine in 2004, amazing, 2021, uh he's been a disciple of asymmetric trades, the small but high-risk trades huge returns allows for even those that are right, just even half the time or even less than that. Folks, depending on what you're talking about um single indicators work certain times using all indicators ends up with paralysis by analysis. We've all been through it right. You can just analyze until you're exhausted, but nonetheless the mid-ground is an ensemble, as he says, not a solo act and not an orchestra see how to put together a jazzy ensemble of proprietary indicators of options, expiration, charts, sector, oscillators power law, vector indicator, highly shorted, daily shorting indicators and poke call ratios, find trades and zero in on them like a rifle and not a shotgun, so that'll be next Wednesday. Folks, you can subscribe to any of Dave's newsletters path, the least resistance or tech.

Insider and all the newsletters come with a 30-day money-back guarantee folks. So I encourage you if you're signing up check out the six month or checked out the yearly. If you plan on staying on- and I encourage you to do so-d ave's got some great products. You still get a 30-day money-back guarantee, and you'll gain access to his webinar hour-long webinar June 16th, ensemble methods for option expiration place, and that will be archived, of course, as well. Okay, what else we got going on? I want to jump to this one interesting.

So last night, uh showtime there was quite a boxing match interesting. It was last night the headline bout here went on about 11 p. m. Eastern time I was out like a light folk, no way I was going to be able to watch that, let alone actually pay for this fight. So you have Logan Paul, a YouTube sensation, fighting Floyd may weather, arguably the greatest boxer uh ever right.

Now, the way that you set this one up is may weather's 44 and Paul's 26. Now this one I kind of didn't agree with on the get-go, because I don't have a problem with pitting people, maybe if they're not boxers, as in when you had you know um MMA fighters fighting boxers that one I understand right, you might say well, a MMA fighter has no chance in a boxing ring. You might be right: okay, um, but when you just start pitting boxers who are past their prime versus young, guys who aren't boxers, you might get somebody hurt. You really might right because does that 26-year-old. That's really have no history, not to the likes of may weather belonging.

This ring, I saw some indications last night in terms of the punch totals may weather destroyed him. Okay, now um. Nonetheless, you get the point there right what's interesting here. To bring into the market forces is how showtime really dropped the ball here. Okay, so what the headline is that goes dark for many showtime customers.

This was a huge opportunity, and you just can't fail like this. In this day and age, when you're competing with the likes of Bezos with prime read Hastings with Netflix Disney the juggernaut, the new one, on the block, let alone you got discovery and uh Time Warner now merging, along with the many other streaming platforms that are out there so showtime they were selling this for 49.95. I believe. Yes, it is 49.99, not 95. For the fight they need.

Those extra four pennies 49.99 took place at the Hard Rock Stadium in Miami good old Florida. Of course, we're aware of the issue impacting tonight's pay-per-view event, as well as the showtime and showtime apps. That was Viacom talking about it. That's a Viacom company. Now that failed at about 8pm eastern time.

As I said, the headline bout didn't go on until about 11 o'clock, streaming outages during major televised events, common yeah. Well, guess what that's not quite the case um now here's the key in terms of what it would be fascinating to see how much money they take out of this, because the definition of streaming content is just change. It has changed folks. The fight itself didn't satisfy some viewers, even if you're able to watch it because no winner was announced. It's an exhibition about exhibition bout and there's no knockout, so it's not going to get scored if it had may weather would have won on a landslide.

The punch totals uh I'll see. If I can get them, you know what I will get them before the next break, because I was looking at them this morning. One of my friends was talking about them uh through the roof, but it'd be interesting to see because in the know, this would not have flown in terms of being a content driver in the years past, but nowadays, when we've merged a YouTube sensation with a fighting sensation like may weather all you're. Talking about is eyeballs folks and YouTube, sensations, um and Logan Paul, I'm not a fan. Not many people are fans.

That's the reason why he's probably gotten the know the press that he's gotten, but nonetheless he gets the viewers, so many viewers that they crash the showtime app showtime Viacom. They got to get their act together because nowadays, you just can't have that type of stuff happening, especially when you're talking about something that's been so anticipated as this type of fight. They got a lot of a publicity um, and they got the people to come, and how are you a company like Viacom, and you're, telling me that you can't have an app that can compete and so via calm down yeah? Is that right, right? Yes, I believe so um are you sure yeah Viacom CBS? I didn't know what the CB uh you have a company. I just wanted to bring up the valuation of this company in terms of that's a negative press story. You get a company worth 27 billion dollars will round up.

Okay, you got to spend the money to be able to compete to stay, live when you're an event like that that drives new people to your service nonetheless didn't happen at Viacom they're a little lower by about three tenths percent. Let's jump around to some of those other streaming companies discovery they've, really taken a beating lately um, I dabbled a little in discovery as this thing cascaded, I'm in a negative position now, but that's a long-term position that I put away um discovery merging with time water, the market loved it before the pre-market and then sold it off in a way we haven't seen in a while May 17th. I come up with that deal, and we're training at 3165 for discovery, we'll jump around to the king, streamer Netflix pushing the bottom of that consolidation you're looking to get into Netflix man.480 is the bottom range of that consolidation. We've been in there since almost a full year, folks July, 1st yeah. This is a daily July 1st.

Are you pushing 488 and July 2nd we're pushing 492. , so you've been in a year-long consolidation and not only a year-long consolidation, but we're on the lower boundary line of that consolidation? Uh doesn't mean it can't trade lower, but at least it's an area. You could set a price put your stop in place, maybe we'll jump to disney shares this morning up about a 10 30 percent. I talked about those Fibonacci Disney, initially bounces off the 50. We backed off around that 382 Disney up about 10 000 stay tuned folks, we'll be right back in three minutes.

To finish up the show sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice sure, but you also need excellent instruction from experts at Tenn. You'll get advice and guidance from the authority and technical market analysis, and it's not just dry tedious text either. Tenn airs live financial content, streamed live on tfnn. com and Tenn's YouTube channel with tiger TV live every market day from 8 30 a.

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com. Welcome back folks. We are the s PS down about five points right now and as I'm jumping around, I want to pull up this graphic real quick. I said I would give it a show for that boxing match and so there's the statistics folks. It does not get judged in terms of a winner or a loser, but you got may weather landing 43 out of 107 for 40 to his punches, and you got Logan Paul 28 out of 217 on the power side, how about 39 of may weather punches versus just 15 percent of Logan Paul's may weather landed almost double those punches uh, nonetheless, not the kind of bulge that you want to see set up.

Folks. If you really appreciate good competitive nature uh, I don't want to see a guy who's, maybe passed his prime but a brilliant fighter. Fighting a young guy who's, an athletic specimen, but not really a fighter. You're kind of you know: parent, just old age versus younger inexperienced, nonetheless interesting stuff, and they're driving content. Okay, s p is down about four points: NASDAQ down 27.

, let's jump to commodities, real quick! We got crude hanging right at near the highs. We're talking about 69 58 right near the 70 price point gold contract. Furthermore, we were lower we've caught a little of a bid there from where we were to start off the program or 8 o'clock. I should say we're at 1892 right now in the price of gold, let's check in on notes and bonds, yeah just sitting right where we are we're talking about a 10-year yield about 1.57 percent right now on the 10-year 13202 is what we're trading at over there and uh what else we got as we end the program right now, let's jump around to some of those fang stocks as we ended out, Amazon shares sitting right at about 3203. We got Microsoft shares this morning, trading higher 251 83.

Maybe some anti-trust concerns easing and one of their acquisitions, and we'll jump over to apple the biggest company in the world. They got one of their biggest days out there worldwide developer conference kicking off this afternoon and shareholders. Maybe selling ahead of that news, apple down about 6 10 percent at 125 13. Right now we were as high as 126.47 pre-market, so we've given up almost 1.50 uh in the first 25 minutes of trading for apple shares all right folks, thanks so much for tuning in starting your Monday with me stay tuned, we got our man basil Chapman he's coming up, live next live across the board. Today you know we had a couple vacations uh in the prior weeks for the host live across the board.

We got our man basil at 10 o'clock, fast market by TD, ameliorate, think or swim at 11. Larry pediment trade. What you see at noon- Steve Rhodes, at one o'clock, Dave white with the power trading hour. Two o'clock, don't forget about Dave's courses. Uh excuse me his subscriptions sign up for that options.

Webinar he's got coming up next week and, of course, my dad rounds. It is out lives from 304 stays tuned. Folks, live programming all day have a great Monday.

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