I'm a man who keeps his promises. Sometimes. Well, this is one promise I'm going to keep.  So here it is, the summary of today's video and those of you who would like to learn more can proceed to listen to the rest of the video. Today's video deals with self-supply, the techniques that narcissists use to supply themselves when they are unable to secure the supply from the environment from other people. The narcissist self-supplies in order to avoid collapse and in order to avoid dysphoria or depression which are usually the merry companions of collapse. And this delusional solution, self-supply of course is delusional, renders the narcissist auto-erotic. In other words, the narcissist is emotionally invested in himself and there is no emotional investment without a sexual dimension. So this is known as auto-erotism and because the narcissist converts himself into the object of his own infatuation, admiration, adulation and attraction, the narcissist is incapable of being attracted to other people and so the narcissist becomes cerebral, asexual. When the narcissist experiences imminent collapse and begins to self-supply, this kind of narcissist becomes cerebral even if typically he is somatic, even if the dominant type is somatic because he also becomes auto-erotic, invested in himself in every possible way and only in himself. Now, plentiful narcissistic supply when there is a lot of external narcissistic supply coming in also poses problems for the narcissist. The narcissist reacts to an avalanche of overwhelming, drowning, dysregulating supply, unexpected supply by developing a form of fantasy that is resilient, that is counterfactual of course, it's not related to reality, it's a fantasy, but contains elements of siege, betrayal, paranoia, suspicion, it is not a shared fantasy, it is a fantasy that involves only the narcissist and other people out there who are envious of the narcissist, the narcissist renders himself the butt in the center of conspiracies and so on and so forth. Now, an overabundance of narcissistic supply creates residual libido, narcissistic supply enhances the narcissist libido. The narcissist uses some of the libido and then there's change left, there's libido left. Now you can read about the narcissist's free libido, reserved libido and residual libido in the link in the description, but suffice it to say in the bullet point summary that a narcissist who is exposed to an unexpected deluge, flood of narcissistic supply becomes typically somatic because his libido explodes and there is excess libido and he doesn't know what to do with it, so he somatizes it, he becomes, he sexualizes it, he becomes hypersexual. Okay, the techniques of self-supply which I dwell on in this video are future orientation, exclusive privilege or superior reference, self-referential transcendence, self-odiency, self-referential ideation and attribution, contemptuous withholding and paranoid ideation and if you want to learn more about these techniques, unfortunately you would have to wade through the rest of the video. The first part of the video is an introduction to the dynamics of deficient supply and excess supply, both deficient supply and excess supply create problems for the narcissist and he defends against these problems, against these emerging issues by developing fantasies, a fantasy of self-supply and or a fantasy of siege and betrayal. In the first case, the narcissist becomes cerebral because he is autoerotic, he is invested emotionally and sexually in himself, he becomes the object of his own desire. In the second case of abundant or overabundant supply, the narcissist becomes somatic because the supply generates excess libido, excess if you wish life drive or life force, excess sex drive and he uses it with partners that he objectifies and instrumentalizes and so on and so forth. This is the summary, now go home and ignore the rest of the video or take out your popcorn and have fun with moi because so very few of you are watching my videos, I decided to switch to self-supply, I got myself a pil pilon and this pil pilon never argues with me, never criticizes me, he is always there when I need it and always nods its trunk in perfect adulation and agreement with everything I have to say. What more can I ask for? And this is today's topic, the techniques of self-supply when the narcissist can no longer obtain supply from the external environment, he generates supply from the inside but he does it in highly specific ways which I am going to enumerate in this unwatched video. And who the heck am I? My name is Sam Vaknin, I am the author of Malignan Self-Love, narcissism revisited, I am also a former visiting professor of psychology and I am currently on the faculty of CIAPS Commonwealth for International Advanced Professional Studies and I am the proud owner of this pil pilon, thank you V, okay Shoshamim pil pilonim and pil pilonot, it's time to delve right in as we usually do. First of all I advise you to watch the previous video on self-supply titled Self-Supply Narcissist Miracle Cure, the link is available in the description which is still mysteriously under the video. Okay, the narcissist self-supplies in order to avoid collapse, let me remind you what is a collapse, a collapse is a long period, not a single event but a long period of deficient narcissistic supply, an inability to elicit supply, narcissistic supply from the human environment, a failure at obtaining narcissistic supply from sources extant and potential, a rejection by sources of narcissistic supply, the dropping off of such sources and the inability to secure secondary narcissistic supply, for example from a spouse. So the narcissist finds himself in a vacuum of supply, ho ho, he finds himself horrified by the lack of supply and he catastrophizes, he says to himself, I'm never going to obtain supply, it's over. Now when I say he, it's a she, she is a he, yeah, gender pronouns are interchangeable because 50% of all narcissists nowadays are women who are ready for women's liberation. So the narcissist says supply in order to avoid this condition known as narcissistic collapse because narcissistic collapse often goes hand in hand with dysphoria or depression and I refer you to my video on the three depressions of the narcissist, it's an intolerable condition bordering on modification and so the narcissist resorts to his favorite strategy and his favorite solution is fantasy, it's a delusional solution, it's a solution that says you don't need anybody, you don't need anyone, you are your own best source of narcissistic supply, you are so far superior to others that your opinion of yourself matters much more than their opinion of you and so it is delusional but it also creates a redirection, the narcissist redirects his emotional investment, his cathexis from the outside to the inside, it is a transition, a reverse transition, a regression from object relations to narcissistic self-object relations. So it's full, full steam backwards to infancy, the narcissist becomes auto-erotic. Now I've been asked an excellent question for a change by one of you, you asked me when the narcissist self-supplies he does not refer to external sources of supply so he cannot be cerebral and he cannot be somatic. What is the type of a self-supplying narcissist? Is he cerebral? Is he somatic? Is he covert? Is he overt? All these definitions become meaningless when the narcissist isolates himself, solipsistically becomes a schizoid, a hermit and does not refer anymore to external objects also known as you. So in such a situation the narcissist energies, life energies also known as libido, libido is comprised partly of the sex drive, eros and partly of a long vital, the life force. When this life force is directed inwards the narcissist also becomes auto-erotic.  In this case the narcissist is far more likely to become cerebral. So self-supplying narcissists, the vast majority of self-supplying narcissists become cerebral because they also become auto-erotic and therefore they cannot be somatic. They can still be cerebral, they can still be creative, they can still produce works of the intellect but of course they cannot have sex with someone else.  In short it is far more likely that the self-supplying narcissist would become cerebral or attempt to become cerebral even if he is not intelligent enough to pull it off. So many many somatic narcissists are facing collapse because they're getting older, they're getting sicker, they are off the market, they're out of the market. Many such narcissists suddenly develop pretensions at intellect. So somatic narcissists who are faced with collapse suddenly try to become cerebral narcissists, they try to become gurus, they try to become public intellectuals, they try to become philosophers, they try to become experts in self-style of course and self-declare the experts in some field. So the transition from somatic to cerebral in the case of imminent collapse is very very common. Now when the narcissistic supply is deficient the narcissist is likely to become cerebral. Exactly the opposite happens when there is plentiful external narcissistic supply. That is also a problem. Both collapse deficiency and plenty are problems. There needs to be a fine-tuned regulation of the flow of narcissistic supply.  So when there is too much narcissistic supply, plentiful narcissistic supply, this leads the narcissists to develop resilient ever more counterfactual unrealistic fantasies. But these fantasies are not shared fantasies. They are fantasies of siege and betrayal, the fantasies of paranoia and pain and hurt and shame. So the reaction to plentiful narcissistic supply is on the one hand increasing hypervigilance, paranoia even, a sense of siege being under siege, a sense of betrayal, referential ideation. People are conspiring against me, mocking me, talking about me, gossiping about me, etc. etc. On the one hand and on the other hand the excess narcissistic supply, the narcissistic supply that cannot be consumed because there's too much of it, is converted into residual libido. It generates too much libido. So too much supply is translated to too much libido and this renders the narcissist somatic in a predatory way. When the narcissist is exposed to fame, celebrity, adulation, sudden abrupt success beyond the narcissist's wildest dreams, exposure to multitudes of adoring fans, etc. etc., the narcissist would tend to become somatic but not only somatic, he would tend to become a sexual predator in the majority of cases. So we have these two situations, an imminent collapse, declining narcissistic supply, deficient supply and then complete lack of supply where the narcissist tries to convert himself into a cerebral narcissist and invests all his energies, emotional and sexual in himself and the opposite situation is when the narcissist is suddenly deluged and flooded with narcissistic supply, especially unexpected narcissistic supply, this enhances his libido, especially the aero spark, the sexual drive, he becomes somatic even if he started off as a cerebral, he becomes somatic and very likely a sexual predator. Now I've analyzed all this 25 years ago, 28 years ago, how time passes, 28 years ago I've analyzed all this mechanism in minute and intricate detail and it's available in the in malignant self-love narcissism revisited. I will post a link to the segment section of malignant self-love that deals with these issues. So again you can find it in the description if you want to delve much further into these amazing transmogrification and transformations between somatic and cerebral as a way to either compensate for lacking a lack of narcissistic supply or for excess narcissistic supply that threatens to overwhelm, dysregulate and drown the narcissist. Okay so this is in the essay and you can find the link in the description. I promise you to discuss techniques of self-supply. Again to remind you self-supply is when the narcissist gives up on external sources of narcissistic supply and decides that he is his best source of narcissistic supply by far the most qualitative, the most superior and he needs nobody, he needs no one, he can supply himself with narcissistic supply a plenty. There's no need to resort to an environment which would prove to be injurious and rejecting and the narcissist supplies himself in several highly specific ways and I'm going to enumerate them now. Number one, future orientation. The narcissist tells himself future generations will appreciate my legacy. In due time history will prove me right. I will be proven right by future scholars etc. So the narcissist reorients himself rather than be grounded in the present where there's no supply, there's narcissistic injury, there's even modification, there's constant reminders of failure and defeat, this kind of present the narcissist rejects and he starts to reorient himself to become a denizen of the future. His outlook is future oriented, he keeps talking about his legacy. Now he doesn't matter what people say about him. Now he doesn't matter that he's being rejected and mocked and ridiculed and criticized and exposed, none of these matters because the future will vindicate him. This is technique number one of self-supply. Second technique of self-supply is to refer to exclusive privileged or superior reference to measure the narcissist measures himself against highly specific, hand-picked, chosen people. He says to himself, I don't care what the Hojpo lawyers say, I don't care what people say on YouTube. YouTube viewers are low grade, low brown, low level people. They are not my frame of reference. I don't care what people on the street have to say about me. I care only about my peers and my peers are geniuses. My peers are accomplished people. My peers, my potential mentors even are at the top of the game in their profession. Only geniuses can understand and appreciate my work. So he gives up, he gives up on the sources of narcissistic supply that they had been tapping hitherto by reframing the situation and saying, I'm rejecting them. It's not that they are rejecting me. I'm the one who is doing the rejection.  He regains and reasserts mastery. He is the boss. He's calling the shot. He's a driver's seat. It's not, this is a reframing, a totally delusional counterfactual reframing of the process. The narcissist is rejected by potential sources of supply and actual sources of supply. But rather than acknowledge this fact and endure devastating narcissistic injuries and modifications, the narcissist says, that's not true. I made them do it, or I'm the one who has rejected them. And I rejected them because I deserve better. I deserve an audience which is much more sophisticated, much more chic, much more knowledgeable, much more intelligent, much more everything. So I'm transitioning from an audience which is beneath me, sources of narcissistic supply which are low-grade and whose supply is low-grade and fake. I'm transitioning from this group to an alternative group. Of course, it takes time and there's a transition period, but ultimately I will be recognized by this new reference group, which is far superior to the previous reference group.  The third mechanism is what I call self-referential transcendence. Self-referential transcendence is when the narcissist convinces himself. That is in some ways superior to the overwhelming vast majority of the rest of humanity. It is self-referential because it is the narcissist who convinces himself. He is doing the convincing and it has to do with transcendence. So such a narcissist would say, I am hyper-moral. My morality is amazing. No one is as moral as I am. I'm strong. I'm inordinately strong. I'm not aware of anyone who is as honest and as strong as I am. I am gifted. I am a unique genius. There are only eight other people in the world who are as genius as I am. I'm a martyr. I'm a victim. I'm a healer. I'm a savior. I'm the scourge of evil people. I'm going to eradicate evil people. I'm a protector. For example, a protector of women. All these are forms of self-supply. The narcissist by referring to himself in a way that is self-aggrandizing entrenched his delusions of superiority and grandeur. And this way transcends the temporary hiatus or temporary lack of narcissistic supply. The next technique is self-odiencing. Self-odiencing is when a narcissist essentially splits himself into he is the source of creativity. He produces works, works of art, works of the intellect. And at the same time is also his own exclusive audience. Not only is he his best audience is his exclusive audience. So it's a kind of multiple personality.  And this self-odiency is manifested in a variety of forms. For example, the journaling. The narcissist can write a journal, a diary, and then convince himself that it is an amazing work of art, the equivalent of an Frank's diary or, I don't know, Marcel, Marcel Proust. And one day the journal or the diary will be discovered and will become a literary masterpiece. That's an example of self-odiency. Another way, self-documenting. Accumulating every scrap of paper, every electronic document that ever passes or crosses the narcissist's variety of devices. Documenting, documenting, documenting. Even going to the extent of recording oral interviews with others. Creating a rich, all-encompassing, all-pervasive, ubiquitous documentation of the narcissist's life, leaving behind a legacy that will be explored by future scholars and will be that only then appreciated for what it is, the documentation of a singular mind. Another example of self-odiency is self-appraisal, when the narcissist analyzes himself and says, objectively speaking, homogeneous. You know, compared to others, I'm exceedingly handsome. So this is self-appraisal. Of course, the self-appraisal is a direct derivative of the fantasy, and therefore it's delusional. It's delusional, self-appraisal, and it is intended to provide the narcissist with narcissists' self-supply. So these are all examples of self-odiency. When the narcissist becomes his own most faithful, most loyal, most adoring, most fawning audience. The next technique is self-referential ideation and self-referential attribution. It's when the narcissist projects onto other people parts of himself that he is ashamed of, parts of himself that he rejects, parts of himself that challenge and undermine his grandiose inflated fantastic self-perception. He projects these parts onto others and then he attributes these parts to others and sometimes even forces others to behave accordingly, something known as projective identification. An integral part of this process is self-referential ideation, developing ideas about other people and how they see the narcissist. So the narcissist tells himself, for example, everyone envies me. That is self-referential ideation. Everyone envies me. Everyone is talking about me. I'm the center of attention. I'm the life of every party. I'm being solely missed. My ideas are influential. Everyone is plagiarizing and pilfering them. So sentences about other people which reflect directly on the narcissist, sentences, statements about other people's state of mind as it refers to the narcissist. These are self-referential ideation and attribution, making assumptions which are fantastic in many cases, counterfactual, not in all cases, but in many cases, making assumptions about other people and how they see the narcissist, their attitude to the narcissist and even their plans, their agenda when it comes to the narcissist. So this leads gradually, self-referential ideation and attribution gradually evolves. The longer the period of collapse and the longer the period of self-supply, self-referential ideation and self-referential attribution gradually evolve into paranoid ideation. Paranoid ideation is, of course, self-aggrandizing. It's a form of grandiosity. I am the focus of a conspiracy. I'm sufficiently important to be at the heart of my lying intention and attention. Everyone is planning to take me down because I'm meta, because I'm important, because I'm critical. And so paranoid ideation places the narcissist at the center. It's a center of a conspiracy, it's a center of a collusion, it's a center of maligning tensions, it's a center of malignant attention. It's not a good center, but it's still the center. And this is supported by the betrayal and siege fantasy that most narcissists have and also by self-referential ideation and attribution. Now it's very important to mention here that self-referential ideation and attribution and paranoid ideation are both triggered, they're triggered by both a lack of supply, a collapse, and too much supply and excess of narcissistic supply. Both situations which are out of balance dysregulate the narcissist. When the narcissist is exposed to an avalanche of narcissistic supply, when he's deluged with narcissistic supply and it's abrupt and it's unexpected, he doesn't have the tools to cope with it. He develops a siege and betrayal fantasy where he is at the core of some malign, malignant attention, conspiracies and collusion. And that's because everyone wants to take him down, everyone envies him and he's becoming too influential. And so the powers that be, for example, want to destroy him. So this is a reaction that is a form of self-supply when narcissistic supply is deficient and a form of desperate attempt to regulate when narcissistic supply is overwhelming and dysregulate. Now the last technique of self-supply is contemptuous withholding. The narcissist isolates himself, becomes a hermit, a schizoid and he says to himself, withdrawing my presence, my absence, these are punishments. I'm punishing people. They could have enjoyed my company, they could have benefited from my ideas, they could have basked in my personality and they gave all this up in their infinite stupidity. They didn't appreciate me, they didn't reward me, they didn't supply me, they didn't notice me.   I'm alone because no one is on my level and I know no one is on my level because they wouldn't give me narcissistic supply, which I richly deserve. So there is contempt here and the contempt leads to withholding, withdrawal and avoidance as punitive measures against potential sources of narcissistic supply or actual sources of narcissistic supply who seized to supply the narcissist. The narcissist perceives a lack of supply, the withholding of supply, he perceives it as an act of aggression, he perceives it as a malevolent malign act. The narcissist cannot countenance the possibility that he doesn't deserve narcissistic supply. He believes that his very existence is in itself a cosmic event of spectacular proportions. So when people withhold supply, when they refuse to provide the narcissist with supply, when they provide the narcissist with negative supply, they criticize him, they disagree with him, when they suddenly cease to provide supply having supplied the narcissist in the past, the only explanation the narcissist has is there is malice here, there's malevolence, this is done on purpose, it's an act of aggression or passive aggression, it's intended to destabilize me, dysregulate me, destroy me, devastate me, take me down, ruin me, push me to do something crazy to act out in order to entrap me. So the narcissist then devolves into a resilient entrenched, unassailable fantasy of betrayal and siege and paranoia and hyper vigilance and suspicion. He convinces himself that his value, his grandiosity is fully justified and buttressed and supported by this evidence. The very fact that everyone envies him, everyone is trying to take him down, everyone is refusing to provide him with narcissistic supply that he so evidently deserves, these very facts prove conclusively how important he is, how critical he is, how influential he is, how powerful he is, because only powerful, influential, important people are at the butt of conspiracies and collusions, paranoid ideation becomes the main form of narcissistic supply at the end of the process of self-supply. Now self-supply is still vastly preferable to dependency on external sources of narcissistic supply. Self-supply is the closest that the narcissist can come to, I wouldn't say healing, but to social functioning. By self-supplying, the narcissist stops harming other people. By confining his attentions and his intentions to himself only, the narcissists abrasive and antisocial dimensions and aspects are all but eliminated. He withdraws into a world of fantasy that is essentially psychotic, and yes clinically this is very unhealthy, but the manifestations of narcissism, which are harmful to others, hurtful to others and dangerous to others, all but vanish when self-supply becomes the dominant mode of narcissistic supply. And that's why I think the focus in the treatment of narcissism should be on teaching the narcissist to self-supply in a way that does not devolve into delusionality and paranoia, to teach the narcissist to self-supply in a benevolent manner. For example, to self- self-audience is harmless, it's innocuous, future orientation is okay, referring to specific, highly privileged, superior, exclusive people in his mind. That's also okay as long as he does not deteriorate to erotomania delusions. There are ways to redirect and channel the narcissist's energy so that the narcissist self-supplies and the self-supply is sufficient, so the narcissist becomes self-sufficient and self-contained, and yet the narcissist's self-sufficiency precludes behavior that harms other people. For example, when the narcissist self-supply is no longer in need of a shared fantasy, he gives up on the shared fantasy way of relating to other people, so people don't suffer anymore. They don't become figments of the narcissist's imagination captured within his shared fantasy, like so many ants in amber. When the shared fantasy is gone as a solution, replaced by techniques of self-supply, no other people are involved except the narcissist. So a lot of suffering is ameliorated and reduced and eliminated, and isn't this the goal ultimately of all psychotherapy and healing?


Welcome to theCUBE Insights, a podcast that is typically taken from SiliconANGLE Media's theCUBE interviews, where we share the best of our team's insights from all events we go to. And from time to time, we want to be able to extract some of our learnings when we're back at the ranch.  Dave, good to see you dressed down. My whole podcast, right? We got joys, props, and no tie. Yeah, I love seeing this. We're just talking to John Furrier, who we could really make a claim to say we wouldn't have the state of podcasting today, definitely in tech, if it wasn't for what John had done back in the day with PodTech. And it's one of those things, we've talked about podcasts for years, but I had gotten feedback from the community that said, wow, you guys have grown and go to so many shows that we want to listen to you guys as to what was interesting at the show, what did you guys take out of it, what cool people did you interview? And we said, well, they're, of course, all over YouTube, our website, thecube.net, but it made a lot of sense to put them in podcast form, because podcasts have had a great renaissance over the last couple of years. Yeah, it's pretty straightforward, as you know, Stu, for us to do this, because virtually every show we do, even if it's a sponsored show, we do our own independent analysis up front, and at the tail end, a lot of our people in our community said, we listen to that to get the lay down, the low down on the show, and get your unfiltered opinion. And so, why not? Yeah, Dave, great point. I love from when I first came on board, you always said, Stu, speak your mind, say what the community, what are the users saying, what does everybody talk about? As I always say, if there's an elephant in the room, we want to put it on the table and take a bite out of it. And even, yes, we get sponsored by the companies to be there, we're fully transparent as to who pays us, but from the first CUBE event, at the end of the day, or after keynote, we're going to tell you exactly what we think, and we're always welcome for debate, for people to come back, push on what we're saying, and help bring us more data, because at the end of the day, data and what's actually happened in the world will help shape our opinions, and help us move in the direction where we think things should go. I think the other thing too is a lot of folks ask us to come in and talk to them about what we've learned over the past year, past six months. This is a great way to just hit the podcast and just go through, and this is what I do, I just go through some of the shows that I wasn't able to attend and see what the other hosts were saying. So how do you find these things? Yeah, so first of all, great. The CUBE Insights is the branding we have on it. We're on iTunes, we're on Spotify, we're on Google Play, Buzzsprouts, what we use to be able to get it out there. It's an RSS on wikibon.com. I will embed them every once in a while or link to them. We plan to put them out. On average, it's once a week. We want to have that regular cadence typically on Thursday from a show that we've been at. The spring season's really busy, so we've often been doing two a week at this point, but regular cadence, just podcasts are often a little tough to Google for. So if you go into your favorite player and look at the CUBE Insights, and if you can't find it, just hit you, me, somebody on the team up. So you just search the CUBE Insights in one of those players? Yeah, absolutely. I know, I've been sitting with a lot of people and right now it's been word of mouth. This is the first time we're actually really explaining what we're doing, but the CUBE One Word Insights is the second word. I found it real quick in iTunes. I find it in Google Play. As I said, Spotify is great for that. Or your favorite podcast player, let us know if we're not there. So maybe talk about some of the things we're seeing? Yeah, absolutely. So right, when we're here, what are our key learnings? So for the last year or two, Dave, I've really been helping to look at the companies that are in this space. How are they dealing with multi-cloud? And the refinement I've had in 2018 right now is that multi-cloud or hybrid cloud seems to be where everyone's landing up. And part of it is that everything in IT is heterogeneous. But when I talk about a software company, really where is their strength? Are they an infrastructure company that really is trying to modernize what's happened in the data center? Are they born in the cloud and they're helping there? Or are they really a software that can live in SaaS and private cloud and public cloud? I kind of picture a company and where's their center of gravity? Do they kind of lean very heavily towards private cloud? And they say, oh, that public cloud, it's too expensive and it's hard and you're going to lose your job over it. Or are they somebody that's in the public cloud saying there's nothing that should live in the data center and you should be 100% public cloud and go adopt server lists and it's great. And the reality is that customers use a lot of these tools, lots of SaaS, multiple public cloud for what they're doing and absolutely there's stuff that's living in the data center and will continue for a long time. What do you see in Dave? My sort of takeaway in the last several months, half a year, a year, we used to talk about cloud, big data, mobile and social as the four drivers. I feel like it's kind of been there done that. That's getting a little bit long in the tooth. And I think there's like the three Ds now. It's digital transformation, it's data first is the sort of the second D and then disruption is the third D. And I think if you would check out one of the podcasts we did on Seeing Digital with David Michela, I think he did a really good job of laying out how the industry is changing. There's a whole new set of words coming in. We're moving beyond that cloud, big data, social, mobile era into an era that's really defined by this matrix that he talks about. So check that out. I won't go into it in detail here but at the top of that matrix is machine intelligence or what people call AI. And it's powering virtually everything and it's being embedded in all types of different applications and you clearly see that and to the extent that organizations are able to leverage the services, those digital services in that matrix which are all about data, they're driving change. So it's digital transformation actually is real. Data first really means you got to put data at the core of your enterprise. And if you look at the top five companies in terms of market cap, the Googles, the Facebooks, the Amazons, the Microsofts, et cetera. Those top five companies are really data first but people sometimes call data driven. And then disruption everywhere. One of my favorite disruption scenarios is of course crypto and blockchain. Of course I have my book, The Enigma War which is all about crypto cryptography. And we're seeing just massive innovation going on as a result of both blockchain in crypto, crypto economics. So we've been really excited to cover, I think we've done like eight or nine shows this year on crypto and blockchain. And it's interesting one, Dave, because absolutely when you mention cryptocurrency and Bitcoin, there's still a lot of people in the room that look at you.  What does that have to do with technology? But we've been covering for a couple of years now a hyper ledger and some of these underlying pieces. You and I both watch Silicon Valley and I thought they actually did a really good job this year talking about the new distributed internet and how we're going to build these things. And that's really underneath one of the things that these technologies are building towards. Well, the internet was originally conceived as this decentralized network and while it physically is a decentralized network it's owned essentially controlled by an oligopoly of behelmets. And so what I've learned about cryptocurrency is that internet was built on protocols that were funded by the government and university collaboration. So for instance, SMTP, Gmail is built on SMTP. Your old friend TCP, IP, DNS, et cetera are all protocols that were funded essentially by the government. Linux itself came out of universities. Early developers didn't get paid for developing the technologies there and what happened after the big giants co-opted those protocols and basically now run the internet development those protocols stopped. Well, Bitcoin and Ethereum and all these other protocols that are being developed around tokens are driving innovation and building out really a new decentralized internet. So there's tons of innovation and funding going on that I think people overlook. The mainstream media talks all about fraud and these ICOs that are BS, et cetera. And there's certainly a lot of that. It's the wild west right now but there's really a lot of high quality innovation going on hard to tell what's going to last and what's going to fizzle but I guarantee there's some tech that's being developed that will stay the course. Yeah, I love if, I believe you've read the Nick Carr book, The Shallows, Dave. He really talked about when we built the internet there's two things. One is I could push information and that's easy but building community and being able to share is really tough. I actually saw it in innovation conference I went to the guy that created the pop-up ad like comes and he apologizes greatly. He said I did a horrible, horrible thing to the internet because I helped make it easier to have ads be how we monetize things. And the idea around the internet originally was how do I do micropayments? How do I really incent people to share? And that's one of the things we're looking at. Look at ad-based business models have an inherent incentive for large organizations that are centralized to basically co-opt our data and do owners things with them. And that's clearly what's happened. Users want to take back control of their data and so you're seeing this call it a matrix or Silicon Valley I think you're right did a good job of sort of laying that out that the show is actually sometimes half amazingly accurate. And so a lot of development going on there. Anywhere you see a centralized so-called trusted third party where they're a gatekeeper and they are adjudicating essentially that's where crypto and token economics is really attacking. It's the confluence of software engineering, cryptography and game theory. This is the other beautiful thing about crypto is that there's alignment of incentives between the investor, the entrepreneur, the customer and the broader community. And so right now everybody's winning, maybe it's a bubble, but usually when these bubbles burst something lives on. I got some beautiful tulips in my front yard. Yeah, so I love getting insight into the things that you've been thinking of. John Furrier, the team, Peter Burris, our whole analyst team. Spring back to theCUBE for a second Dave. We've done a ton of interviews. I counted I'm almost up to 200 interviews this year. We did 1600 as a team last year. I'll mention two because one, I was absolutely giddy and you helped me get this interview. Walter Isaacson at the Dell show, one of my favorite authors. I'm working through his DaVinci book right now which is amazing. He talks about how humanities and technology, the marrying of that. Of course, a lot of people have read the Steve Jobs interview. I love the Einstein book that he did, The Innovators. But if you listen to the Michael Dell interview that I did and then the Walter Isaacson, I think he might be working on a biography of Michael Dell which I've talked to a lot of people and they're like, I'd love to read that. He's a brilliant, amazing guy. I can't tell you how many people have stopped me and said I listened to that Michael Dell interview. The other one, customers. I love talking to the customers, especially people that they're chewing glass. They're breaking down new barriers. Keith Townsend and I interviewed, it was Vijay Luthra from Northern Trust. Keith's a Chicago guy and he's like, this is one of the oldest and most conservative financial institutions out there. And they're actually going to be on the stage at DockerCon talking about containers. They're playing with serverless technology, how to financial institutions get involved in the data economy, leverage this kind of environment while still maintaining security. So it was one that I really enjoyed.  Well, it reminds me, so the quote from Andreessen, software is eating the world. Well, data is eating software. So every company, it reminds me of the NASDAQ interview that I did recently and all we talked about, we didn't talk about their IT. We talked about how they're pointing their technology to help other exchanges get launched around the world. And so it's a classic case of a procure of technology now becoming a seller of technology. And you've seen that everywhere. I think what's going to be interesting to do is AI. I think that more AI is going to be bought than built by these companies and that's how they will close the gap. I don't think the average everyday global 2000 company is going to be an AI innovator in terms of what they develop. I think how they apply it is where the innovation is going to be. Yeah, Dave, we had this discussion back when it was Hadoop. It was the practitioners that will leverage this, will make a whole lot more money than the people that made it. We've certainly seen that. Yeah, I saw, I said like Linux became pervasive. It took Red Hat a long time to become a billion dollar company. We're going to see OpenStack go a long way there. Any final thoughts you want to go on, Dave? Well, so yeah, check out theCUBE.net. Check out theCUBE Insights. Find that on your whatever your favorite podcast player is. We're going to be all over the place. theCUBE.net will tell you where we're going to be. Obviously, siliconangle.com, wikibon.com for all the research. All right, and be sure to hit us up on Twitter if you have questions. He's Dave Vellante, D-Vellante on Twitter. I'm just Stu, STU. Furrier is at Furrier. Peter Burris is P.L. Burris on Twitter. Our whole team, wikibon.com for the research. Siliconangle.com for the news. And of course, thecube.net for all the video. And at theCUBE. And at theCUBE, of course, on Twitter for our main feed. Oh, and we're also up on Instagram now. So check out theCUBE's signal. All one word. Give you a little bit of behind the scenes fun, our phenomenal production team helped to bring the buzz and the energy for all the things we do. So for Dave Vellante, I'm Stu Miniman. Thanks so much for listening to this special episode of theCUBE Insights.


Thank you. That's quite the introduction. I tell you what you guys have the amazing emcee here, so I Don't have to introduce myself. He already took care of that So website security, you know security scary, right? You don't you don't really know what to make of it at first you you understand that you're gonna have to deal with it You start trying to figure it out. You realize some things like you know strong passwords are important Well, I can handle that.  You try to wrap your head around it and then you feel like I can't I can't I can't figure it out It's terrifying right But it doesn't have to be it doesn't have to be terrifying This is actually a family pet. This is Aragon our our bearded dragon just like those lizards Not nearly as scary as that cat may have thought and This has been my son's pet for about eight maybe nine years now and She's actually extremely easy to handle But to be fair, I didn't get to know her as an 18 inch long lizard She started is maybe, you know six or seven centimeters and that's that's where I kind of want to start everybody here on security today is try to start at the beginning and Slowly move in we're not gonna dig into the all the scary things that That I was talking about if I wanted to just sit and list every possible You know type of attack then I would spend my whole 20 minutes just doing that We wouldn't even have time to talk about what they are what they mean or how to prevent them So instead I'm gonna try to get your mind around How to think for security and I'm gonna try to give you Some simple things that you can do to increase your security We want to drastically improve our security now being Completely secure perfectly secure with something that's attached to the internet probably a bit of a misnomer but with just a little bit of effort on your part and By taking the time to both make some smart decisions as well as realizing where those smart decisions need to happen We can do that we can drastically improve your security now When I talk about securing your website What's kind of the first thing that you guys think about go ahead somebody yell stuff out What's something that you think about needing to do to secure your website? Yeah Everybody thinks passwords, right? That's that's one of the biggest things that everybody knows right off the bat, but Securing your website doesn't start there as a matter of fact. I'd like to try to picture it like Trying to secure your home Passwords are like the locks on the door and that's great. That's important obviously for securing your home Having said that before you run out and buy the latest and greatest in deadbolts if you really want to have a secure home you might start by Picking a secure neighborhood one that's well lit one that has you know good response times from the authorities things that Detour crime, maybe it's a gated community. I don't know but starting at the beginning is important and With your website that's choosing a host now. How many of you thought about security when you chose your host? That's not nearly enough of you. That's important Now I'm not gonna stand up here and go through any list of hosts and talk about which ones I think are secure and which ones aren't but the the fantastic thing is you're at an event where there's a whole bunch of web hosts here And you can go and talk to them ask them very specifically What do you do to help make my site more secure some of them have things like you know DDOS? Detection and mitigation but a lot of things that you don't want to have to think about or do yourself for security your host does for you keeping all of the underlying architecture all the software Patched and up-to-date all the stuff that you don't want to worry about everything from the operating system to the web server to the database to PHP all that needs to be up to date and You if you're either you have to do it yourself, or you need to pick a good host that's gonna do it for you and so This is one of those places where I like to encourage people to take the time to stop and think about security as all of what you do rather than just one tiny part of Of your sort of online presence The next thing I want to talk about is choosing quality software and Obviously, I'm a little biased But I think that a lot of you here have already made a great first step in choosing WordPress We worked really hard to keep that Secure for everybody and everybody here probably knows that that Extends past WordPress to your plugins your themes and those kinds of things Are you are you picking plugins and themes that are developed by a security conscious developer? but I'd like to Tell you a quick story about a friend of mine to show you that this goes a lot further have a friend that has several websites and Quite a while back every one of his websites got hacked which Sucks you never want you never want that to happen but he got them all cleaned up or so we thought and He moved forward and like two days later. They were hacked again and so of course he calls me and Trying to be a good friend I get on and clean them all up for him. I'm very thorough. I'm very careful and By the way, that's a that's a horrible task cleaning up a site after it's hacked much better to prevent it But then I try to dig in and see if I can figure out where the attack came from and it's not very obvious I'm kind of time-limited helping my friend out here. So we didn't particularly find the issue And so of course two days later. He's hacked again this time I went and sat at his computer at his house and Found the problem right away Turns out that he was using shall we call it? questionably free software for doing his image editing and video editing and That amazing software that he was using that he downloaded off of some who knows where site Had malicious code in it that monitored all FTP traffic on his computer and even linked into Really commonly used FTP programs and that kind of stuff and was just simply taking his username password host and his IP sending it off to somebody else who was then Spoofing his IP and using his actual username and password to log in first try every time and have full access to all of his sites so Security is not just about your password on your website security is about everything that you do That you're going to be using to interact with your website the computers that you use to log on All that kind of stuff and so taking the time To think through the fact that all of these choices All along the way can potentially affect the security of your website you can get hacked because you used Image software that you didn't pay for it's something to try to wrap your head around to realize just how Often through the process you should be thinking about security And now we can move on to some of the stuff that That everybody does think about passwords right passwords. We should all have good passwords. We all know we need good passwords Everybody everybody here came into this talk knowing that you should have a good password. Maybe even a great password But what makes a great password? Well, it needs to be long and it needs to be random and it needs to be unique Long random and unique and by unique I mean not used in more than one place different password Everywhere that you need a password So how's that possible? How can you possibly have passwords that are long and random making them hard or impossible to remember and unique? Well, you need a password manager who here is using a password manager Hey, that's actually better than I thought Anybody that's not talked to somebody that had their hand up just now and figure out what one they use I use last pass But there are lots of good ones out there a lot of people use one password I Worry far less about which password manager you use and far more about using one This is one of those places where You have to put in a little effort It's gonna take a little bit for you to get your password manager set up It's gonna take a little bit for you to get used to using it. The great thing is in the long run Honestly, it's not going to drastically affect your workflow and it's probably going to make things easier rather than harder But it's going to improve your security so much So much So how can we take passwords something that everybody here knew was important to the next level? Who here uses two-factor authentication? Yeah, who uses it? Everywhere that it's offered Yeah, very few people. I definitely do. I'm a huge fan of two-factor authentication passwords even strong ones unfortunately have a few Weaknesses the the biggest one being that they don't get changed very often even somebody that's extremely security conscious May change their password every what few months three to six months Who has changed all their passwords within a year like has no passwords that are older than a year Yeah, see and so Let's imagine that your password is fantastic Nobody's gonna crack it. Nobody's gonna guess it. It's gonna take years to to figure out through brute force But what about that coffee house Wi-Fi that you use to log in? Is that just as secure as your password or did somebody snag your password off of it? And that's where something like two-factor authentication can really take passwords to the next level when we talk about Multi-factor authentication. There are three basic ways that you can Confirm that you are who you're claiming to be something that you know such as a password something that you have like your phone or one of those dongles that your bank might give you and Something that you are like a fingerprint or an iris scan And multi-factor or two factor in this case authentication is making sure that you have Something from at least two of those categories Most of the stuff that you see online is something that you know your password and something that you have your phone running some sort of Authentication app It's real easy to add two-factor authentication to WordPress. There are plugins out there that do it And it's there are several Apps for your smartphone, which pretty much who who has a smartphone in their pocket right now Yeah, see that why were there so many hands for that but not for the two-factor authentication just a little bit ago It's so easy you have the tool right there, but it does take a little bit of added effort the amount of Security return that you get for that little added effort though is definitely worth it now this is one that again, it'll take you a little bit to get used to the workflow, but unlike the Password manager, it'll always add a little bit of time to your workflow. It'll take you an extra Five or ten seconds to log in. It's definitely worth it and and Unfortunately, if you want to be secure, you're gonna have to put in some effort. It's just the way it is Now this is a this is a quote from Gerald Baron a guy that I that I work with he said It's not if you get attacked, but rather how you prevent it from being successful a Lot of times when I do these kinds of talks I get asked why why is it so important? You know my site doesn't process credit cards or you know isn't something that people might Target for any reason, but there are two basic types of attacks on the internet There are the focused attacks that people are specifically targeting a site often Politically motivated or monetarily motivated, you know trying to take You know credit cards or steal identities or whatever but the far more common far more prevalent attack is Just these scripted attacks where somebody has actually written a program that goes through looking for sites with weak passwords poorly configured servers out of date software with known vulnerabilities and those kinds of attacks are Completely indiscriminate. They simply go through Google not not looking for any particular key phrase other than maybe you know a WordPress page that they think might be susceptible and they simply Try everyone you will be attacked if you haven't already So make it hard on them. That's let's not make it easy for these guys, right? and if you take the time to make the tape make these few smart decisions that I was talking about and put in that little bit Of added effort you will be making it Drastically harder on these guys start by choosing a good host, right? Those of you that said you didn't consider security when you chose your host time to talk to your host Or at least go talk to some of these hosts that are here and You're going to choose good software and not just WordPress. I mean WordPress is a great start but take the time when you're thinking about all the different bits of software that you use to try to consider your whole workflow and How does everything that I do affect my security? You're going to use a password manager, right? It's the only way to have long random unique passwords, and that's what they should be long random and unique And you're going to use two-factor authentication Everybody that had that smartphone, but not that two-factor app You're going to go install one of these and start using it see it's easy And now I think that I have some time for questions


The following is a presentation of TFNN. The morning market kickoff with your host Tommy O'Brien. Good morning everybody I'm Tommy O'Brien coming to you live from TFNN 8.30 AM on Tuesday morning 60 minutes to go until that opening bell and we had quite an overnight session going on folks will zoom in on the S&Ps to start things off and why not positive territory to kick things off yet again in the markets. Right now we're looking at an S&P's positive by 32 points trading at 3143 you've got the NASDAQ positive by 70 10,195 on the NQ's making new all time highs on the NQ's on the open potentially the Dow up 300 points 26,253 we've got some action and oil to the upside oil up 62 cents at 4135 gold contract continuing the strength up $7 at 1773 gold making it to 1779 yesterday silver up 10 pennies at 18 notes and bonds we're getting a little bit of lower price and higher yield the 10 year negative four ticks at 13818 the 30 year negative 22 ticks at 17615 and we'll start things off and take a look at the VIX before we get into the markets the VIX this morning market charging higher the VIX under 30 2987 on that VIX looks like no volatility premium in this market folks pay attention we got some volatility we'll start off with the S&P's so the story of the evening was Mr. Peter Navarro who better choose his words a little bit more wisely for somebody that is supposed to be the chief negotiator for our country not really an intelligent comment comment I should say we'll get over to the headline and we're going to jump over a few stories this morning but here's the one president Trump having to come out last night and say the China deal was quote unquote fully intact after Navarro Royals markets you had Navarro out there responding to a question on Fox News of all venues to do this of course his quote when asked here's the quote you know this is from I believe it's Martha McCollum McCollum you know when do you think that the president sort of I mean he obviously really wanted to hang on to this trade deal as much as possible and he wanted to he wanted them to make good on the promises because there had been progress made on that trade deal but given everything that's happened and all the things you just listed is that over it's over yes period well guess what folks when you're the chief negotiator for the country and you say something like that the market pays attention words matter 31 20 down in a heartbeat 60 points 2% in the matter of a half hour president comes out a little bit of crisis control for the people that he's put in charge not handling things well the market says up sorry he misspoke we're back to 31 20 and this morning we say I guess what you know what we're not even back to 31 20 we're gonna open 25 points higher in the S&Ps 31 44 as you see it basically making session highs as we speak in those S&Ps right jumping over to different stories we have as well and all the headlines are gonna be talking about Peter Navarro and Trump clarifying that comment in the big ones stocks making the biggest moves out there today gonna jump around a bit but Starbucks in a story pretty interesting they're gonna be debuting the impossible breakfast sandwich whether it's impossible whether it's beyond meat right to the biggest plant-based meats out there in stores today along with two new cold coffee beverages that can impact shares of impossible foods competitor beyond although Starbucks also carries some of beyond offering snag at Starbucks carrying both of them they both made it in there good for impossible for getting in there there you see the sell off on that news from 162 down to 156 we're back at 158 beyond meat it's been quite a run for them jumping around a bit for beyond I mean look at this volatility right back in February we're at 130 you trade down to under 50 on the March lows with the market and just like that we've more than tripled to about 160 right now in beyond things got a little euphoric up to 240 before we came down to 50 folks so be careful in this market you're gonna face some volatility for the time being for sure sales force they're gonna be announced a collaboration with Siemens on a workplace safety software suite CRM talk about a strong company overall in the long run there's your daily folks from 195 to 115 we're gonna open back up at about 193 positive with the market this morning on sales force American Airlines we talked about it yesterday they were coming out with a convertible a secondary well they're already increasing that to take an even more cash some of the airlines particularly hit hard I mean just since Friday we're at 17 we're now at 1357 you talk about some volatility in these airlines folks I mean that peak what happened there June 5th was everything like over you had American Airlines up to 282 80 we're gonna open under 14 today be careful trying to catch that falling knife as things somehow from June 3rd to June 5th 8th 5th June 3rd to June 5th seems to say that things might be over but guess what folks that is not the case on these airlines there's American for you trading lower this morning down about a buck 40 let's just jump around to some of the other airlines before we finish up Delta Airlines I mean these stocks just pummeled again even if you just go from two weeks ago 37 we're gonna open this morning at 29 on Delta we talked about American Southwest we saw the spike to about 44 43 yeah the high there 42 35 we're gonna open this morning at about 35 on Southwest even jet blue shares some of the domestic airlines down to 6 up to almost 15 down this morning to about 11 jumping around to some of the tech stocks it was a big day for Apple yesterday with their worldwide developers conference this one taking place online why not folks it has been quite a 24 hours for Apple check out the acceleration we closed yesterday at 358 we're trading today already at 364 you were almost at 350 yesterday you were at 345 on Friday you've added $20 in the price of Apple per share just since where we were on Friday folks it's a 30 a.m. on Tuesday they had a long way to go in the week and they are just plowing ahead all-time highs for Apple Microsoft joined the party as well why not above 200 for the first time in the close yesterday 200.57 already we're up almost more than $2 from that level with Microsoft shares checking in on Amazon Amazon up at 2739 was that an all-time high that may have been it's right up there I think it was 2722 and we got up to overnight yeah overnight we're gonna open 2733 Amazon looks to open at an all-time high quite the run jumping over to Tesla Tesla shares trading this morning come on cooperate where's my bid ask 999 is where we're gonna open it about Tesla already I see them talking about Nikola the first name of Nikola Tesla Nikola this morning hanging at about 70 the initial spike in that company up to about 94 from the doldrums of only 14 a time before quite the acceleration there some of the other tech stocks Netflix shares Netflix benefited so well just charging higher it just don't stop from 258 just last September the low of the COVID low we'll call it 290 we're gonna open this morning at about 467 on Netflix some of the social media Facebook shares charging higher as well we're gonna open it 240 climbing near that 241 and Twitter shares we'll finish it off with Twitter not quite the same as Facebook they got some woes the low of 20 up to almost 37 we're open about 3385 for Twitter taking a look at oil quite a volatile session for oil look at that charge higher talk about an uptrend folks tomorrow we get the EIA numbers overnight you saw crude just with the markets I mean check out that drop in crude you dropped a dollar in the span of 30 minutes keep your eyes on this trade story folks it is gonna continue developing but right now crude at 41 24 stay tuned folks we come back after the break see what else we have on tap for Tuesday trading other equities moving headlines out there stay tuned we'll be right back in three minutes listeners have heard about the Tigers dead the Tigers dead is a lively community where professional traders and investors can meet exchange ideas and information in a comfortable moderated atmosphere here all the TFN shows plus see all the charts as they happen live and have access to archives of all those charts you can test drive the Tigers dead 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 dead on the front page of TFN.com TFN has launched our brand new website you can still visit us at the same TFN.com URL but when you do you'll see a new and improved homepage with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions we even have new pricing in six months and yearly options check out the new TFN.com now and experience all the upgrades TFN.com educating investors the gold market has taken off topside the large way in 2020 if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report took profits and four of its equities in the gold portfolio in the first week of January for a combined profit of 99.2% with two positions left in the portfolio that have a profit of 67.5% as of January 7th the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every Monday morning I published a gold report with coverage of gold silver bonds the XAU, HUI, GDX as well as more than 30 different mining equities you see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting TFN.com don't miss out on the next great gold trade sign up today are China A shares hot or not if you trade China A shares now may be time to take a closer look trade CHAU or CHAD directions daily CSI 300 China A share bull and bear ETFs China A shares in either direction visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at<PHONE_NUMBER> the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC don't forget you can listen to TFN live on your mobile device 24 hours per day go to TFN.com then hit watch Tiger TV that's TFN.com then hit watch Tiger TV for the latest market information welcome back folks we get the S&P is posited by 32 the Dow positive at 307 Nasdaq positive by 71 I got a three a weekly on here even if you put a daily on the S&P's folks we are right up near the upper echelon the all-time highs in the futures 33 97 we're approaching 31 43 this morning the highs that we had early in June 32 31 keeping in mind when we saw that high folks we traded from 32 31 down to 29 23 you're talking about what is that 32 that's 231 yeah almost 300 S&P points we lost in a heartbeat we may see some volatility I mean this is quite an uptrend that we have you could call it a consolidation really since we've been in that level up above 3000 since about May 26 now it's June 23rd we'll see where that falls the NQ is looking open at all-time highs there you go today the futures 10,200 for the first time the all-time highs before we're dealing with COVID 9700 the highs that we just eclipped from early June 10,155 jumping into some of the equities moving that you got Boeing shares when 188 I mean look at what the Dow's done even with Boeing facing some serious serious problems right Boeing trades all the way down to 89 we're still sitting in 188 you started at 350 pre-COVID and the Dow been one of the biggest laggards Boeing definitely a reason but man the Dow you're talking about 3000 points away from all-time highs and we're about 8000 points off of the lows of 18,086 jumping around to some of the equities that I like to take a look at it's interesting to see you know there's a lot of companies that are in trouble right now but I think that are gonna be fundamentally very well off in the long run Disney one of them and you just went from 150 three down to 80 you're still struggling about 115 we were as high as about 127 when things looked great now Disney not gonna be a fun 30 days for Disney as they originally I believe have planned sometime to open in July in terms of Disney World in Orlando we're not far from there about 45 minutes myself so TFNN offices in St. Petersburg Florida not far but Florida numbers spiking everywhere in terms of the economy of Apple reshutting down some stores I wonder how that's gonna play out even if Disney is open the amount of people you're gonna face I mean Disney gets a lot of people that come from the state of Florida itself and I can tell you as a person of Florida I'm a bush garden season pass holder I'm not gonna be going to bush gardens now people are I'm not gonna be going there when Florida is getting 5000 cases a day folks and you're gonna see some pain in Disney but so there's the bad right you want the good news or the bad news that's the bad news Disney's got a lot of problems alright right now they do ESPN sports baseball just announced they're gonna have a 60 game season but you're dealing with even as they try and open back up the Tampa Bay Lightning for instance they were on phase one which only allowed six people on the ice at the same time as they're practicing right what happens even with such strict limitations you have six people testing positive especially when you're in Florida then the numbers are spiking right now point being how does sports come back online for ESPN to be able to benefit in that capacity so they're dealing with ABC they're dealing with ESPN they're dealing with movie productions they're dealing with being able to show those movies in movie theaters okay but guess what they're also dealing with they're also dealing with Disney plus which is probably gonna hit like a hundred million subscribers in the next X amount of months whatever that is I think they were a 55 million the last time they checked in now put this on a three-year weekly for some context of where the jumps in this graph occur this chart occur we back it up to April of 2019 so we're going back 14 months Disney reveals plans with pricing of Disney plus I believe that I should know I have the bundle myself so I got the Disney ESPN and Hulu think that's 1399 maybe if you just get Disney plus that might be 799 699 somewhere in that ballpark market loves it they're gonna undercut Netflix they're gonna undercut they're gonna they're gonna compete on price on Netflix with the content library they have they then launch things basically in October of last year we hit a high 151 pre-covid excuse me and what I want to emphasize most is look where we are on Disney okay now at TFNN we love to talk technicals you don't need to be a technical genius to see the amount of time Disney has spent right at around this 110 to 120 level you back it up and let's just even go further let's see where let's see let's see how far it goes okay but look at this consolidation we had see you trade like a rocket ship from 2012 to to basically mid 2015 but then you consolidate from basically 2015 till when they announced to the world the details of Disney plus okay so you had like a what is that one two three four almost a five-year consolidation four to five-year consolidation between 110 and 120 for Disney they launched the streaming service yet you just accelerate out of there to 150 and we're right back to 115 we're right back on the upper echelon I mean Disney is back where it was trading at five years ago folks they've come a long way in five years the economy's come a long way in five years and it will be back to where it is and when it does Disney is gonna have parks they're gonna have ESPN they're gonna have Hulu and they're gonna have probably nine figures to the tune of a hundred million people on Disney plus when really prior to April of last year the market was pricing Disney right where we are right now with such lower expectations now you're gonna miss a year or two or something there's substantial value in the long term in this equity folks there is there's no there's only one Mickey Mouse there's only one Donald Duck okay there's only one Marvel there's only one Star Wars all of that they own content is king Netflix is gonna be around too okay they're not gonna cut into them but when I see the wars going on between content in terms whether it's Netflix HBO is coming out right you got Amazon Prime I see when families have Disney it being one of the things that you might actually not cancel I myself love Netflix I have never cancelled Netflix since I've been a subscriber but guess what I'm now signing up for Disney I'm now thinking of cutting the cord and signing up for all these other services and if I don't you don't need them all the time but if you have kids you're probably gonna keep the Disney because kids can watch reruns of cartoons right they can watch Star Wars they can watch Marvel they can watch PJ Masks out there some great value folks to bring it back if you told me in you know March of last year what we're gonna deal with but if you have a three to five year plus horizon you have no idea of anything going on and my goodness if you ever said no matter what's going on March of last year but that by June of 2020 you're gonna be approaching 60 to 70 million subscribers already rolled up in Disney plus the market would love that folks they're doing with a lot of short-term pain that they're gonna have a lot of long-term growth though when this is over and there is gonna be pent up the man I can tell you living in Florida okay people are gonna book vacations I myself when this is all over and you feel comfortable around crowds and that is going to happen again okay there's gonna be that pent up the man and it's all gonna come I can't wait to go to Disney I can't wait to go to Bush Gardens right I can't wait to go to Universal all that but I ain't going now but I am watching Disney I've been watching the Star Wars movies all that good stuff so I'm in Disney I'm a bullman I'm a bull for disclosure completely but when you look at this folks there is a lot of value in the long-term for Disney even jumping around Uber they got a lot of lot of lot of woes in the short term as well now there are much shorter company there's your uber chart from early 42 down to 13 pre-covid low their CEO comes on and says hey listen we're gonna have like two to four billion dollars in cash regardless of how bad our drop is in terms of 80% drop in revenue you go from 13 up to almost 40 folks the acceleration in Uber eats the acceleration of everything going on people working from home again Uber they're gonna be around they're changing the world long-term very big bull in uber shares alright checking back in on the markets right now we're looking at an S&P up 30 points at 3141 the NASDAQ looking to open in record territory in the Dow above 26,000 gold contract up $10 it's 1775 in the vix under 30 stay tuned folks we come back to finish up the program I'll be back in three minutes stay tuned back in the day I joined the Hotel California in 2006 and like many of you was drawn in by as well as whatever you think about you bring about whatever you focus on growth you see I believe that everything in life happens for us not to us and Tom ignited the fire within me to want to learn how to master the markets so how did I go from knowing nothing about technical analysis to becoming the number one market timer for the S&P 500 in 2018 and the number two market timer in 2019 simply put I hired coaches with a proven track record which led me to a whole new set of tools that I created to interpret the message of buyers and sellers I would love the opportunity to teach you this award winning set of tools and help you improve your market timing you can test drive my newsletter service mastering probabilities for the next 30 days with no risk to you plus you'll gain access to archive workshops that will take you step-by-step through my system sign up today by going to the home page of tfnn.com and selecting mastering probability in the newsletter tab if you haven't checked out the newsletters page of tfnn.com what are you waiting for all of the tfnn newsletters are informative up to date affordable and a must-have for every trader looking to gain a competitive informational edge in today's markets tfnn newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk-free for 30 days from all aspects of the markets including stocks bonds metals commodities and tech there's a newsletter to fit your needs exclusively from tfnn stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox nico our hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionics oil based vitamins minerals fatty and amino acids and an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right page they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by nico and page of living a primal lifestyle buy it today for just eighty nine dollars click on the primal edge banner on the front page of tfnn.com don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv for the latest market information welcome back folks markets in positive territory jumping over to the eu right now in terms of europe what we had going on you had all the markets positive there as well strong performances with the dax up 2.6 percent footsy up 1.4 catcroll up 1.75 and where some of that may be coming from is that you had a eurozone downturn slowing significantly in june pmi data measuring activity of both the services and manufacturing sector in the eurozone came in at 47.5 in june up from a final reading of 31.9 in may they were looking for somewhere about 42 and 50 separates contraction to growth right so 31.9 in may 47.5 in june you get about 50 and you're actually growing right back there so that's some good news talk about not good news for one man in particular the ceo of wirecard and more than that folks a lot of people potentially hurt in this sad story in terms of the destruction of value you have the ceo resigning last week and he is now arrested and basically accused of multi-billion-dollar fraud pretty remarkable that this can go on in this day and age that you can just basically say you have two billion dollars on your balance sheet in some bank in the philippines and guess what folks that bank's like no no we don't got that money at all and the stock's just been cratering as you may expect but he is now been arrested on charging and inflated the company's balance sheet prosecutors and mutics said today and what else we talked about yesterday for apple apple charging higher all-time highs at the open and i an iphone owner myself should be interesting for the first time they're gonna allow widgets new software ios 14 a lot of new features including widgets now for all you android users out there you're used to being able to have this capacity where you can put a widget on there of some capacity for apple users usually it's just you just get the apps you get that little app now you're gonna have a lot more widgets whether it's this type of weather right you got pictures up there interactivity and apps should be interesting it will support phones as old as the iphone se and the iphone 6s so it's going to be able to apply to basically every decent phone that's in the market for apple and there you go some widgets coming to the iphone as they up their ante with ios 14 a lot of software in that apple not much of hardware but apple all-time highs why not folks stay tuned we got our man larry pezzavento coming up live at nine o'clock live programming all day at tf