Hey this is Brett and this 2019 Chevy Silverado 2500 Crew Cab Short Box LTZ is stock number 13056Z. I am here at Summit Automotive in Fond du Lac, Wisconsin, you're new and used heavy duty truck. Headquarters this 2019 Chevy Silverado 2500 has the 6.6 liter Duramax diesel engine. It's the L5P engine which puts out 445 horsepower. It's paired up with the Allyson heavy duty 6B to automatic transmission. This truck has been fully safety and inspected by our service shop as a fresh oil and filter change. All the fluids have been checked and topped off and this truck is 100% ready to go. I'm going to go all the way around in this video inside underneath, start it up and take a look under the hood. Graphite metallic is the color and I shoot all my videos in 4K so if you have HD capabilities on your computer, tablet, smartphone or television I highly recommend turning them on right now because it is your best way to check out the quality, condition, options and cleanliness of the vehicle before seeing it in person. If you like the video on how I do things here at Summit Auto consider clicking the subscribe button on my YouTube channel and then click the bell notifications and you'll get updates every time I do the videos of our new news inventory here at Summit Automotive. So this one comes with the 18 inch chrome Nalloy rims and it has open country Toyo tires. These are all terrain tires. These are LT27565R18s and I would say they have probably about 80 to 90% of the tread left. Very, very good tread left on those tires. Frame and underbody is very nice and clean. Front fender is in nice shape. I didn't see any major dents or dings on there. Those come with the projector headlamps, the factory fog lights. Has the front bumper parking sensors. Front bumper is in pretty nice condition. There is one little dent right there but really that's the only thing I saw. Pretty much on most of the truck comes with the chrome trim grille. Has the fully functional cowl induction hood. I didn't see any dents or dings on that hood. The passenger side front fender is in fantastic condition as well. No dents or dings on there and the passenger side rim is in really nice, clean condition. Graphite metallic, one of my favorite colors on the GM trucks. Looks really good. I think on the GMC's they call it Slate Gray. Either way, good looking color. And as you go down this side of this 2019 Chevy Silverado 2500, take note of how clean that body is, how reflective and mirror-like that paint is. I take these HD videos so if you are far away or even if you're close by and you just cannot make the trip down but you're still interested in purchasing the vehicle, you can see the truck, hear the truck and have confidence in the vehicle that you're looking at before you even get here. So when you do get here, there's absolutely no surprises and you can make a smart and informed buying decision from wherever you're at. And if this video helps you make that buying decision, let your salesmen know that you saw the video, that it was helpful and that Brett sent you. And then I can keep making these videos each and every day. And once again, if you like the video, you can subscribe to my YouTube channel in the upper right hand part of the screen. There's a link there. Back tires have just about as much tread as the front tires, a little bit less in the back but I would still say probably about 70% of the tread left on those tires. The underbody is in very nice, clean condition, has all the remaining factory exhaust and the underbody is in really nice shape. Lower rockers and cab corners look good and it does come with the factory chrome step bars. Passenger side box, no dents or dings on there, looks really good. And coming around to the back of the vehicle, the rear bumper is in nice shape. It does have the backup parking sensors, the rear bumper steps and the full towing package of course with the receiver hitch, 4 pin and 7 pin wiring. Tailgate is in very nice, clean condition, does have a locking tailgate, shock down assist tailgate so it's never going to slam on you. Very nice spray and bed liner and this one does have the receiver hitch reducer back here as well. That spray and bed liner goes onto the bed or onto the tailgate of the truck which is a really nice feature to have. And on the driver's side, just as clean as a passenger side, no major dents or dings on the box. And for full disclosure, this back rim is in very nice, clean condition as well. Didn't see any scuffs or scrapes on there. And on the rest of this side of the truck, cab and doors all look really good. Does have the heated power mirrors, built in directional signals and driver's side blind spot mirror inside. The LTZ package gives you the black leather interior. There are no rips, there are no tears on the seats. Both of these front seats are heated and cooled and power. You get weather tech floor mats in the front and in the back. Auto headlamps turned out four wheel drive tilt, telescopic steering wheel and the factory brake controller. Power windows, power locks, power mirrors, memory driver's seat and these mirrors do power fold in. I always like showing both sides so that you know that both sides are working properly. It also has the Bose sound system and the wood grain door trim. Back seats are just as clean as the front seats, no rips or tears back here. And it does have the latch child safety system for any child car seats that you may have. Power slide and rear window with the built in rear defrost. These seats do fold up and the weather tech floor mat back here is in really nice shape. It keeps your carpeting looking like new. You also get side curtain airbags on this truck and the bottoms of the doors all look fantastic. We'll hop inside and check out the miles, the radio and everything that this truck has to offer on the interior. You can see that this one has 48,710 miles. You do get the digital speedometer, compass display. Instrument cluster is very nice and clean. Comes with the heated leather wrapped steering wheel, cruise controls and forward collision warning controls on the left as well as your heated steering wheel button. Bluetooth and information center controls on the right. This one does have the Allison heavy duty six speed automatic transmission and it comes with the Chevy MyLink system. This one does have the factory navigation system on it and you can see there's highway 41 in Wisconsin here and that is working nicely. You get AM, FM and Sirius XM radio capabilities and then you also have a projection manager where you can project your cell phone to the screen via Android Auto or Apple CarPlay. This is also where your backup camera shows up, CD player, heated and cooled seat buttons, dual climate controls. Down here we have power pedal stability control that's for your cargo lamps, parking sensors, lane departure warning and factory exhaust break. Down here you get two USBs, two 12 volt power points and a 110 volt, 150 watt plug-in. Two cup holders, wireless cell phone charge pad and the passenger side, floor mat and seat are in excellent condition as well. No rips or tears, smells very clean inside this truck and the headliner is in excellent condition as well. Up here you get map lights, home link buttons for your garage door security systems and lane systems and your button for your power slide and rear window. On-star and SOS buttons in the rear view mirror, we'll start it up and we will take a quick look under the hood. Starts right up, no check engine lights or anything like that other than letting me know that the hood's open and we'll take a quick look under the hood. I would personally like to thank you for checking out the video today and hopefully from this HD video you'll have been able to verify the quality condition options and cleanliness of this truck all the way around inside and out. You can see that those headlights are working nicely. And once again under the hood we have the 6.6 liter Duramax diesel engine engine bay, very very clean, runs very smooth. And once again this truck has been fully safe and inspected by our service shop, has a fresh oil and filter change, all the fluids have been checked and topped off. This truck is 100% ready to go. There is your emission sticker, that coal induction hood air comes in there, comes down to there, into the air intake. I did want to show you the tire and loading and trailering stuff, this is the tire and loading information and then there is your wind sticker. Alright and once again this truck is 100% ready to go. I would highly recommend it from a quality and condition standpoint and to see more pictures of this truck or one of other 450 new and used cars, trucks, SCVs, minivans, Wranglers, halftones, three quarter tons, one tons, you name it, we've got to go to that website right there, summitauto.com, full pictures and descriptions of every single vehicle from two locations all at summitauto.com and if you'd like to check out more HD videos you can go to youtube.com slash summitauto. Remember to like, subscribe and share on this video and all the videos that you see there, click the bell notifications to get updated every time I do the videos of here at Summit Auto. In fact in a second you will see links to subscribe to my YouTube channel in the upper left. I have more Chevy 2500 truck videos like this from the upper right link to this vehicle on our website in the lower left and a link to one of our latest YouTube videos from the lower right, click those, check us out and we're super excited to help you with this Ultra Clean 2019 Chevy Silverado 2500 Crew Cab Short Box LTZ in Graphite Metallic. Thanks again for checking out the video. Remember to like, subscribe and share on my YouTube channel. I really appreciate it. Thanks again.


Welcome, folks. This is Tom O'Brien of TFNN. We go five days a week. We go seven hours a day. We go 24 hours a day on the Internet at TFNN.com. Always remember, folks, whatever you think about, you bring about whatever you focus on grows. Hope everyone's having a great day, safe day, making a great day, great night, and a great week. Assume nothing. Don't make assumptions. In any kind of relationship, we can make an assumption that others know what we think. And we don't have to say what we want. We assume they're going to do what we want to do, because they know us so well. If they don't do what we want, we feel hurt, and we think, how could you do that? You should know better. Bottom line, get rid of the gray, folks. Mugged eyes! Let's take a look at it out here. We have the Dow Industries up 245, Nasdaq's up 231, S&P's are up 51. Gold, Gold contract down $10, trading at 19.23 an ounce. We have Silver up 7 cents, $23.09 an ounce, Light Sweet Crew down to $1.69, $67.68 a barrel, notes and bonds. Ten-year note, down 13 ticks, trading 112.26, the 30-year down 16 at 127.19, and King Dollar. King Dollar's down 205 ticks, trading at 102.488, your euro is at 109, your yen is trading at the 144 and your British pound is at 127 to 1 US dollar. Our phone number is<PHONE_NUMBER>. Give us a call, folks. Want to know what's going on in your world and the world of the S&P's. Let's take a look at it. Well, let's go to the spy, because you're going to see something pretty cool here. So, get this baby up. There you go. Okay. So, I have a four day up here. Now, this is what we're challenging right now. You can see the bar from the 22nd, 436-62. This is always cool when this happens, folks. We hit 436-63. Now, you can see that was the closing bar, well, yeah, it was the closing bar of the 22nd. But bottom line is that that closing bar has a monster amount of volume. So, what I expect, we're probably going to see here, it's a trend all day up. So, I don't expect any kind of big pullback. What I do expect is that the market will take some profits on the way into the close here.  Something small, because what has happened, that the cool thing is that we're up at this level, you know, the volume is still not here because of the fact that it's so much volume at the close. You know, what we certainly do have is that right before that close, you know, it's not bad. But when you get a big trending day like this, okay, markets love to trend. When you go all day long, we'll see where it shakes out, whether it can blow that away. My take is it's not going to blow that number away at the close. And the X100. But we are going higher. My take is also we're going to the highs. And it's the perfect setup to go to the highs, meaning that we're going into July 4th weekend. We take a look at the Q's. The Q's right here, $6.35. We take this, we put this intraday, and we have here intraday, is that you can see the Q's are much weaker because the 22nd, which the spy is actually going after, on the Q's, that number is $366.33. But yet we're only at $364.09. So that's saying that the NDX, you know, is weaker. And my take on the NDX is that we can get down to, let me put the end Q's up first. And this is not divergence, by the way, okay. It's just that we don't have divergence there. It's just showing what's weaker or what's stronger. Yeah, see that? Okay, so the bar from 30 minutes ago, that went up a bit. You know, you can get down to that low again for sure, which is the 103 game. What was that? That's 0.68. That'd be quite a move. I don't think we'll go that far. We could, though. Let me put these on here so you can see both of them. You get volume there. That was just 20 minutes ago. And you get volume here. The bigger one, let's see what the retracement this would be if we did this. Okay, so, you know, if we did this, if we did the one with the big volume bar, that would be a .382 retracement on the way down for the whole move up. So that's possible, man. And it'd still be at higher price. Gold. We take a look at the gold contract out here. Gold contract, you're down 10 bucks. You got 1.7 million contracts. That right? I'm sorry, 172,000 contracts. Now, you're going against, let's see what we're going against here. So, yeah, we're going against 187. We go look at the GLD and the GLD. That's going against 7.9 million dollars doing 3.9. And then, of course, you're going against that big number. Now, I'd like to see the 177.63 hold. We got to 177.43 today. You're just above it right now. We're at 177.75. Oil. We go to the oil market. We take a look at the oil market out here. Oil right now, we're trading. This isn't tough shape, man. Now, if this can't make it to the top of the range, meaning it's a one-day, two-day wonder, that's saying that these bottoms are vulnerable, meaning the bottom, we're talking about 64 bucks right now. And then if we get over to the dollar, we take a look at the dollar. The dollar looks to me that it hasn't been able to hold price. So, the way that is set up is that you probably continue to build costs here for a bit. We did a point, what do we do? A 0.27, I think, was an anemic bounce. Now, we did a 0.382 when it bounced here on the last Friday. But this is building costs probably to get down to the lower end of the dollar trading range right now. It's just $1.01, $7.47. Our phone number is<PHONE_NUMBER>. We take a look at some of the higher volume equities out here today. You get Tesla up $6.50. Well, actually, let's go inside the NDX one second. We go inside the NDX out here. You get Lucid Motors up 9.5%. You got Charter 5.5%. Serious Satellite 5.5. Taking away from it. Wall green boots is down 10. You got Lumina down 4.4. Generons off 1.3 and Dexcom is down 1.3. Inside the Dow industrials, the strength versus the weakness inside the Dow. Point wise out here, you get Microsoft putting 48 points, Home Depot 46, Apple 29, Home Depot. Rates are coming down, folks. Home Depot broke topside yesterday. Currencies, commodities, and bond markets are as important-


Welcome back to Lulai. It is Saturday.  That's me. And I have a special guest that's coming over in like 10 minutes. I'm very, very pumped. I'm currently working on my editing for yesterday's video. It was my laundry day Q&A. So I've got all that footage uploaded and now I need to comb through it because it's a little ridiculous. I haven't even loaded all of the files yet, like into my iMovie. Let's see how much footage I need to go through today. It's 49 minutes and 28 seconds long. Yep, that's all the raw footage. That's it. It's mostly me sitting on that bed right there answering all of your questions. But I am gonna wait for my special guest to come here today and I will show you more in the guest bedroom today. I didn't really show much of it yesterday just because I was like more focused on doing the you know laundry day Q&A. I will check in with you guys in a few minutes. So Jody just got me a housewarming gift and M&M's of course and some gift cards. She's the best. All right so the M&M's are going upstairs and Jody's here. All right so we're gonna go upstairs. Doyle are you gonna lead the way? Okay maybe not. Maybe not. Oh there he goes, there he goes, there he goes. All right this is gonna go right there. All right so we've got to watch Jody go into her new room. Oh it looks so good. That headboard turned out amazing you guys. So it is kind of put together right now. The sheets are in the dryer so just the blanket's on there. This is the blanket I got from Tarjay. I got to put the duvet in the duvet cover which is in that little closet over there but I got the pillow covers on though. So yeah what do you think? I love it. Hi Doyle. He's like welcome to my new bed. Is this your bed? Are you claiming this bed? He claims it all. Anything there's Doyle dog for Ron is his. Yeah. Hi. So Jody came over and brought me some delicious top the tater. So we are gonna partake in that and I was just discussing with her that the best part of top the tater is like the hard, it's not crusty but it's firm at the top. That's the best bite. So the top layer is the best. I was telling her about somebody that I used to know who's like a friend of a friend of a friend came over once and they decided to help me set out a bunch of stuff on the kitchen table and proceeded to scoop this out and just mix it all up and I just wanted to punch them in an inappropriate area. So Jody and I are gonna partake in the top layer of this and maybe get a little bit deeper too. So we'll let Emily go first. Oh okay. Gotta take this and then you gotta like scoop it. So good. Like Minnesota crack right here. There you go. I know. Sorry if you can't get it in your region. That's a regional thing. Hello hello. So Jody has left sadly but she gave me all the things anyone needs in life a McDonald's gift card and a Target gift card. So thank you thank you Jody. I will leave her links below. Follow her on Instagram on YouTube. She's got some good content but I am still in the middle of editing. Yep still doing that. And I need a little break from editing so I think I'm going to film a video and sneak peek. There you go. That's a sneak peeky yet. I am doing a video for an upcoming Wednesday. I don't know when it's gonna be up but it is going to be a kitchen haul. So there was a few things I wanted to upgrade. A few things I didn't have that I needed and I figured I would do a haul because it's always fun to see what people purchase for their homes. So without further ado I'm gonna do that and then I will come back to the vlog at some point today. Hopefully I'll get this footage up. It's three o'clock so I'm hoping that at least I can get it edited by like five six somewhere in there and then get it uploaded after that. So like I've said before at the vlogs they just kind of go up when they go up but this is a really long vlog. The one that I'm working on today because it's a Q&A so there's a lot of things I got to do to it. So anyways I've combed through only about three minutes of it so yay but I clipped a whole bunch out already so that is good. I don't want to have a hour long video for you guys so anyways I'm gonna go film and then I will check in with the vlog in a little bit. So I just finished all my filming. Deezer. Alright let's go see what Doyle's doing. He's been kind of weird today but he was kind of oh he looks so sad. Doyle Doyle you look so sad bud. You okay?  He like tripped on the blanket. I don't know. What's wrong bud? What's wrong? You know what's wrong? He's lazy. That's what's wrong. Uh oh here he comes. Here he comes. Here he comes. Hi. Hi Doodle. I am so avoiding the edit by the way.  Oh I'm sorry. I'm avoiding the edit. I think that's why I wanted to film because at least I was doing something productive and it needed to be done anyways so I didn't want to because it's like a kitchen related situation. I didn't want to use any of the products until I did the haul because they have some of the tags on it and I need to keep some of those tags and boxes for when I actually upload the video too because I'm going to like link all of them in the description obviously so yeah but I should probably go downstairs and get going on the vlog for today. It's just so long. Yeah I gotta just deal with it. I gotta just deal with it. Right Doyle? Doyle says I just need to deal with it. Right Betty? Oh goodness. All right well Doyle's gonna keep holding down the fort in the bedroom and relaxing on his fuzzy, fuzzy blanket. It's probably about as fuzzy as he is. Right bud? Yeah. All right well let me get back to editing and I will check in with you guys in just a little bit. Am I avoiding the edit? Yeah avoid the edit. Keep petting the dog. Oh bud. Oh bud. Oh man. All right so it is like seven something. There's a dog here because I've got my food. I am finally eating the rest of my leftovers from the beginning of the week which can I help you? Jesus dog. Anyway update sends alas we spoke. My mom actually came over for just a little bit. I didn't vlog her at all but I had texted her and said hey do you want to come over and check out the new bed? So she came over and we chatted for a little bit but ever since she's been gone I've had like the worst headache so I took some Advil and now I'm gonna eat but I was in the middle of doing my edit so I think that was like the culprit because I've been staring at the computer screen like all day long and I finally got the upload ready so let me show you the status of what's going on right now currently. All right so right now this is what my upload looks like. It says one hour and 16 minutes. I know it's a really long upload time but it's a really long freaking video so that's what happens when I have videos that are like I don't know like 30 minutes long or something crazy so anyway I am gonna eat because I'm hungry and I will check in with you guys in just a little while. Doyle seriously? This dog I swear he's very food motivated. Anyway I'll check in with you guys in a little bit. Bye! Well hello it's the end of the night it's about 10 40 and I'm about to take Doyle out on the last walk of the night and I realized I didn't even close out the vlog yet so goodbye vlog. Sorry if it was a little bit boring I was just kind of like procrastinating my edit and then I got a really bad headache. Headache is way better now so I think it helped that I ate a little bit of something and then also took some Advil so that was good. So I'm gonna say goodbye for tonight. Thank you guys so much for watching I really appreciate it and I will see you guys tomorrow for the next episode of Lulai. Bye guys!


Well, I would say the fundamental thing for me that is at stake is our ability to say what we want to say. I mean, it's really, really basic. That increasingly the view is that there are certain things that should not be said because they are problematic or offensive for the listener. And I'm not going to say it's a move from objectivism to subjectivism because the speaker also has a subjective point of view, but it's a move from a subjectivism that gives privileges to someone of a positive sort, namely expression, and instead cedes the privilege to a different kind of subjectivity which is that that can shut things down. And for me, those are really, really high stakes. I think it's a wonderful point, but I do think, as I said in the beginning, we are living in an expanding world. We saw in this morning's discussion with art history, you talk about Western civilization, but there are many other histories. There are many different perspectives and clearly, and also in the academic world, not all of them have been heard before. And so there are levels of inequality. So the question is, how can we indeed expand without shutting voices down? Because I think it's all about hearing more voices, having a wider discussion, have more diversity in our discussions. But I think we should also be cognizant of the emotions of those who were not heard before. So there's this very delicate balance, I think, that you have to strike where you... This is a funny way where you have to be really tolerant, but do you want to be tolerant of intolerance? Probably not, and I think that's where it becomes tricky. I agree completely with both of you, but I think something strange has happened, and it's to do with the way in which media and movements travel. And America has a very, very important voice, particularly in the Anglo world and all this. And in a sense, I don't feel what I'm talking to students that I'm being shut up when I say something which might come from a prior generation. I ran a campaign called Free Expression is No Offence when I was President of Ben. So I know about all these insults and Salman Rushdie and all the other phenomena. But I think what's happened now is that the culture wars and the people who are doing the shutting up are not only the new Puritans, but they are the far right. And they have co-opted what in some instances are people who really don't have a say and who should have a say into being the opposition to Free Expression. Whereas, in fact, it is the far right, the alt-right, who are the opposers of Free Expression and only want the kind of expression that's owned by very rich media to be theirs. And I think we have to play this carefully. I don't think it's culture wars between two sides. I think there's a side with a lot of power, and then there are many other small others. I'd like to jump on in on this, yes. I heard this morning and at the beginning of this conversation and in fact in the essay a kind of a binary argument. You're with tradition or you're not. It's one tradition. And I think what we're all seeing here also is not only there are more of those traditions, there are more points of view. But we in the cultural sector are in a very important position to embrace the grey area. In between these two. And what's happening is we're seeing the grey area shrinking and that platform is less and less available to people. Well, that is so incredibly important to find some way to recognize these certain traditions and to find a way to learn from them and to expand our minds. And I think that's maybe the most worrying thing to me anyway. That's why it's important to actually lie these forces with the force of the puritanical far right. But I must say that if you have this point of widening and having more perspective it's not necessary will be very comfortable. And I would even add to it, it really undermines the central premise of education is that you're being shaped by ideas, opinions that are new. They might be uncomfortable. So it's not that everything you learn about the world makes you feel comfortable. But I typically feel like for instance universities should be in some sense the most uncomfortable place because that's where young minds are shaped. And I feel this is a certain tendency. Sometimes parents of young children they tape foam in all the corners of the table so that their children won't bump their heads. And I think that's definitely not what a university should be. For you the culture war is a fiction. You don't know how it's going in the daily life. I know. I know. I came from a country which is where it's a freedom and free speech and to articulating your interests. And the whole society is frozen. And I know what this means. How killing the souls, how the people are, maybe you know how the people are, they don't have courage anymore. It's a nightmare. And for you it's a fiction. But to do and to show up and the way of the resistance. You know it's getting more and more difficult. And of course you don't have any other chance. Just resist.


The Tom O'Brien show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at<PHONE_NUMBER>. Let's go to our man Alan Homo Sasa. What's going on brother? Isn't it wonderful? I went ahead and invested in your, uh, Tiger dollars and I went ahead and got your gold report for a year. And also your morning, your, your call letter and stuff like that. And I got over 50% return in one day, not counting, uh, everything else. But I just want to thank you. Tom's not perfect, but he tells you how to put your stops in and keeps your losses small. You can take your small losses, but then all of a sudden you'll be like Dave Roode and you'll pay the whole month. I mean a big home run and put the money in your pocket. Okay, brother. You're awesome, man. Thank you. Now Tom O'Brien. What's going on folks? This is Jacob, uh, filling in for Tom. All right, let's, let's look at what's going on. We kind of have like a sideways market rocking here.  Um, it's moving sideways. The dollar is, um, staying pretty stable, but still at that 102 area, gold is popping. That's definitely the big player of the recent times. Let's look at, um, I want to take a look at steel dynamics because last time I was on, uh, we were looking at this retest of the last day with volume. And so it did reject it, but not with a lot of volume itself. So that's yet to be seen. What kind of pans out with this? We can take a look into new core and see how that's shaken out as well. Again, a little bit of upward movement with light volume. I still think looking into the steels, uh, in the, just the metal sector in general is, uh, it could be profitable. Um, all right, let's take a look. So there is a relatively new treasury bond ETF T bill. Now this has a weird structure, um, which helps fund managers kind of offload some, uh, taxes that they have. But what's important, what's interesting about this is we were speaking last time, uh, about the flight out of banks into money market funds and kind of flowing into treasury bills as well. Um, so what's interesting about this ETF itself is, um, in the, uh, something in the, in a single day, that's right, on Tuesday, um, registered inflows of $582 million. And that's according to Bloomberg, uh, that pushed the funds asset under management of 1.15 billion. So that's, I mean, almost double. It's interesting to see this kind of flight in here.  Your regional ones are still having a lot of problems. Uh, poor FRC. And I, you know, again, I was saying there's some people who took the buy right around here thinking that was going to bump up and it just kept going down. And I'm not sure how much gas it has left to go down. I mean, you have a lot of volume going on this. Um, but you know, any kind of bump in the foreseeable future to a point that matters unless you bought at the bottom, probably isn't going to happen. Um, there's some other weird stuff going on in the banks today. Um, let's see the French, uh, actually rated five of their banks in a Paris tax fraud case. So, um, the raids come as part of five preliminary investigations opened in December of 2021 on allegations of money laundering and tax fraud linked to dividend payments. The French National Financial Prosecutor's Office said in a statement. Um, so we're not sure what the kind of outcome of this raid is yet, but their five large banks, um, really are getting looked at. So that's HSBC, PNB, Paribas, Exane, uh, societal general, and then the Texas bank.  And so how much, um, essentially fraud is going around. And I found this study that was released recently by the National, um, Institute of Economic Research, excuse me, National Bureau of Economic Research, and that goes a little bit into, uh, tax dodging. Um, it's pretty insightful. Uh, let's see here. As far as other smaller news, Toyota executive expects average new car prices to exceed 50,000 in 2023. So, again, with these labor supply chains, we're going to keep seeing this happen. And, um, I mean, like, what can you say, right? I just helped, um, one of my friends, uh, get the, get their self a car. Um, they had to buy a used car. Um, the prices are just insane. And cash flow is a serious problem for a lot of Americans. So you end up having to do, like, long-term loans, you know, six years, seven years on, um, used vehicles, right? These newer vehicles going to 50,000 is going to be a massive issue. And we're probably going to see, um, maybe a little bit more inflation with, with used vehicles because of that. Um, it says in this article in February, average new car prices reached a new peak, jumping by 4.8% from years ago to 46,229. That's according to JD Power. Uh, Toyota's North American Division, uh, head of sales Jack Hollis said that he believes the average transaction price will crest the 50,000 mark in 2023. I don't know, guys, that's not, that's not phenomenal, especially at a time where we might see some more major layoffs and, uh, kind of contraction and wage growth. What else do we have? Let's see. Ford is high, again, the same within this line. Ford is hiking the prices of its F-150 Lightning. Uh, we were kind of speaking a little bit, um, on some of their issues rolling out electric vehicles last time I was on, um, excuse me. Uh, but so yeah, they had a battery fire in February and that kind of halted some production. I think they're back up again. Um, this is nuts. So Ford has said that the standard range Lightning Pro, okay, a lower cost version of the truck, optimized for fleet use. Here, let's see if I can pull it. Well, let's get this guy up. All right, so they said that their standard range Lightning Pro, lower cost version of the truck, optimized for fleet use, will now start at just under $60,000 and that's not including shipping. I spoke about this guy, oh man, a few months ago saying it was really cool they were getting in, uh, to this market. Um, but that's, that price is roughly 50% higher than the Lightning Pro's original start price at launch last spring. How you miss that is pretty insane to me. I would love to get kind of a little bit more insight. I don't know if they were just kind of, you know, you have so much nowadays where you kind of just, you, you, um, it's the hype around the product, right? You announce it, so we're going to do it here and the consumer gets so hooked on it, the idea of, of, of having something like this. And this happens in video games, it happens with, it happened with Tesla, um, and these prices just keep hiking up. So the starting price for the Lightning in the top of the line Platinum edition, okay, um, is now almost a hundred grand for a pickup truck. I don't know who's buying that. I don't know what, I mean, this is going to have some kind of serious impact on their bottom line in the future. I mean, there's no way, who knows, maybe people will buy this, you're gonna have to wait to see I suppose, but in my opinion this is going to, this is pretty prohibitive for a lot of people. Um, when we get back, we'll look a little bit, uh, into what China's doing. They have, they have a lot of interesting things going on regarding, uh, their bricks arrangements and kind of their Belt and Road initiative and how they are positioning themselves in the world regarding energy and all that. So folks stay tuned and we'll be right back. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30 year t-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60 minute webinar archive. He just hosted forex strategies and fundamentals. What is behind the Tiger Forex report? For all the details and to start your 30 day Tiger Forex report subscription today, visit the front page of tfnn.com. TFNN educating investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the markets open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com. TFNN educating investors. On top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at tfnn.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today, tfnn.com, educating investors. All right, before we hop into the whole China discussion, I thought this was really interesting. So it says the EU looks at investing frozen Russian assets to raise cash for the Ukraine. You know, another thing I'll touch on later is kind of looking at some of the defense stocks and everything and a lot of everything's priced in. The way that these kind of programs work is at least on the US side. All of the technology, the equipment, the weapons that we're giving to the Ukrainians is done on a loan, essentially, right? These aren't like donations. Ukraine is going to owe the West quite a bit of money after this war is done, right? On top of that, their infrastructure is completely leveled. This is an interesting idea by the European Commission. So it says, estimates potential investment returns of around 2.6 percent to help fund the post-war reconstruction. Yeah, and this was interesting because I mean, it sounds like, you know, something that they probably would have done in the past, but I suppose that it is relatively unprecedented according to Politico. And it's interesting because we're at a time and you'll see this with what we'll talk about regarding China and BRICS, but we see a huge schism now occurring between Eurasia into the Eastern world and between the West as well. And this kind of act in a way does reinforce that, right? So I mean, obviously, they're punishing just Russia for this, but the idea then can be, you know, if you're like a wealthy businessman or a company or whatever, operating outside of the West and, excuse me, if you're headquartered outside of the West and you're operating within the West, that this could be done to you in the event that your government does something, even if you don't agree with it, right? This is a risk, of course, that occurs in global economics, but it is quite interesting. So it says, the commission document, which is set to be discussed by national experts meeting on Tuesday, explains the legal grounds for investing Russian assets. I'm super interested to read what this is. In addition to as well as associated risks and gives estimates of possible investment returns. Given Russia's invasion of the Ukraine amounts to quote, exceptional and gross violation of international and humanitarian law, the commission believes that it could ground its case for investing Russian central bank assets and reaping returns to the benefits of Ukraine and international law. And it'll be interesting to see again, what they use that for regarding the Ukraine. Is it going to be for that debt payback? Is it going to be done into some kind of relief fund? Again, I think this is kind of like a novel concept that they're doing here. And just beyond any kind of, you know, judgments on it, it'll just be interesting to see kind of how this plays out. The EU thinks that around two thirds of the 300 billion of Russian central bank reserves frozen in G7 countries, the EU and Australia are currently held in the block, including 191 euros, excuse me, 191 billion euros in Belgium, 21 billion in other unnamed EU countries. It doesn't know fully yet where Russian central bank reserves are held and included an obligation to report on the whereabouts in its latest sanction package against Russia to try to get a clearer picture. And this is really, you're seeing now the world, of course, has gone through, you know, massive globalization periods throughout history with different empires. But the way that it is so intimately connected now because of things like technology and the way that it moves so quickly, this is laying groundwork for kind of, you know, essentially protocols if this occurs in the future. I do think too, though, in a way is this really does solidify that divide that exists between the West and the East and the East, especially with rising stars like China and India for sure in ways can stand on its own in ways it hadn't prior. I was reading a Goldman Sachs article and I could not locate it, but one of the, he was an ex-analyst for them. And he was saying that the reign of the U.S. dollar is close being over well. If you look at the world reserve currency for the U.S. dollar, it's not really decreasing. It has probably about 2%, which is equal to the ratio which the Chinese Yuan or the renminbi was adopted. But the point being, though, is that the East is making moves on the rest of the world in its own kind of block while the West is having to deal with this kind of stuff, which is only going to drive it further. So, you know, it'll be interesting to see kind of how this plays out. Let's see here. Cash carry says there's more work to do regarding inflation and this is, people are now warming up finally. I've seen more people talk about it, which is that the rates might not go up anymore, but they are going to rely on these banks to get dried up quite a bit. And it'll be interesting to see what happens. The FDIC wants banks to, the big banks basically to take kind of the onus of what they had to do with Silicon Valley and signature and kind of refilled FDIC coffers. This does kind of cut in to a bottom line quite a bit. I know in 2009, when the FDIC had J.P. Morgan pay some to cover the insurance, they lost something like 690 million, 685 million, I think, which was cut into their second quarter bottom line. But rates are so high right now that when you're going to get that inevitable flow of cash back into larger banks, once this kind of settles a little bit more, it might not be a massive problem. But I think what's important is what happens in the meantime with that. And I do think that we are going to see much more issues with banks. It says the Federal Reserve has more work to do to get inflation back down to its 2% goal. And Kashkari said this, he's the Minneapolis Fed president, in case anyone did not know that, although he did not say specifically how much further he believes interest rates will need to rise to the job. He says we've seen some real progress, but that should not in the trader's mind say, okay, we've seen some real progress, things are going to go back to how they were before this. It's like, no, inflation is still up. Some of these key metrics that they're looking to determine the health of the economy are still not being fully suppressed. They might have been halted regarding their growth, but there's no, I suppose, reduction in that. And so that kind of suggests that this tightening is going to continue, whether that's done by the Federal Reserve or whether that is kind of achieved through some of the limited actions that banks are going to have here. Kashkari said, in town of Hall event, noting that housing market has slowed, the goods prices have fallen a bit and new leases are less expensive. He says the one area that is particularly concerning right now is the service economy. It's outside of housing, it has not shown any sign of slowing down. He said wage growth is still growing faster than what is consistent with our 2% inflation target. He goes, that tells him that we still have more work to do. So right there. It's interesting. I know the 2% is the goal to hit, but I mean, we're still at 4.7 to 5%. I don't know. We'll see what happens with this. Guys, stay tuned. We'll get back to what I said we were going to talk about the last break. So stay tuned. 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So China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary. Brazilian government said Wednesday, and then Beijing's latest salvo against the quote, almighty greenback. The deal will enable China to top rival US economic hegemony and Brazil, the biggest economy in Latin America, to conduct their massive trade and financial transactions directly, exchanging guan for reels and vice versa, instead of going through the dollar. They say the expectation is that this will reduce costs, promote even greater bilateral trade, and facilitate investment. China's Brazil's greatest trading partner, with a record 150 billion in bilateral trade last year, the deal which follows a preliminary agreement in January was announced after high-level China and Brazil business forum in Beijing. President of Brazil was originally scheduled to attend the forum. It's part of a high-profile China visit. The Industrial and Commercial Bank of China and the Bank of Communications, BBM, will execute the transaction. So this is pretty big, but there is a massive value to having a standardized currency or at least a standardized motive payment. A lot of times the US dollar is the vehicle currency for all trade, and a lot of times the debt is used, so bonds will be used or whatever form of debt there is in order to facilitate these transactions. And that's because you can kind of predict at least where the dollar is going to go. So the transaction is kind of stable at least on that end. It'll be interesting to see what happens if the Remy appreciates vastly and the Rial appreciates vastly what essentially the amelioration for that will be. Again, this has been done a lot of times. I don't know what they're planning on doing in order to kind of curtail that possibility. Additionally, China has just done a deal with Saudi Aramco. Saudi had boosted its investments in China with two refinery deals. Let's pull this over here. So Saudi Aramco raised its billion dollar investment in China by finalizing and upgrading a planned joint venture in northeast China and acquired, it was a 10% stake in Zhejiang Petrochemical Corporation. Let's see here. Aramco said on Monday that it agreed to a 10% stake. The deal includes 480,000 barrels per day of crude oil to Rongxiang for 20 years. And it follows a preliminary agreement Aramco reached Zhejiang province, excuse me, provincial government in 2018 for 9% stake. The deal, so this is the big thing. And this is kind of what I was trying to get at a little bit with how dominant China is being. In 2020 or 2021, the US actually did broker a deal between the Palestinians and the Israelis, excuse me, with Saudi Arabia and the Israelis, which had prior been unthinkable. If you went into a coma in 2019 or something like that and woke up and then you learned something like that, it was massive, right? That didn't get a lot of pressure from the media for whatever reason. But what's happening now, which is arguably equally as large, is this kind of deal that Iran and Saudi Arabia just made to reestablish relations. And that was brokered by China. This is huge. Iran is strong power that goes right into the Caucasus region. The North, that's a good connect into Russia and to China itself. And Saudi Arabia, obviously, is quite an attractive business partner for anyone. And China's really been ramping up their consumption of fuel. Additionally, they also, and this is kind of more of a smaller side note, but they just did a deal for liquefied natural gas with France. Again, that's pretty big. So I mean, they are certainly inserting themselves as an entity that can play on the big stage. Additionally, regarding this let's see here. So we'll get to Russia in a second regarding this. Russia unseeded Saudi Arabia as China's top oil supplier in the first two months of this year. Aramco is already selling crude to the East China plant, which operates at 800,000 barrels per day refinery, the single largest in China under the sales agreement renewed annually. Russia had been massive for, excuse me, China was massive for Russia's income regarding crude oil, especially during the sanctions that the West imposed. And so I mean, just last Tuesday, Nikolai Shulganov, as the Russian Energy Minister, the country has now been able to redirect all of its crude oil exports that have been impacted by Western sanctions over the Ukraine. And he called them friendly countries that people he was selling it to. He goes, I can say today that we have managed to completely redirect the entire volume of exports affected by the embargo. There was no decrease in sales. You know, who's to say that's the full truth behind it, but certainly countries like India, I mean, India was buying a bunch from the Euro region, and China certainly is in need of a lot of fossil fuel. So there's no question that Russia's fellow members of the increasingly influential BRICS Alliance have played a major role in helping Putin, government achieve this outcome. Again, so this is the important thing here. India was the biggest buyer of Euro's grade crude in March, accounting for almost 50% of all such exports. And again, this is like this new thing that I'm talking about is like there is, there is, you know, this way of soft power and waging like an economic kind of conflict is going to become less and less effective the more that you have other countries rising to the scene, such as China. In a separate story in early March, Reuters reported that China's seaborn imports of Russian crude were set to hit high records in March based on ship tracking data. Tanker tracking, consultancies for Tex and Kepler estimated nearly 430 million barrels of Russian crude oil reached China in March, a number that would exceed previous high of 42.48. And Saudi Arabia's economic entanglements in China continue to progress, obviously with this new story right here. You know, it's interesting because we have, you know, obviously these trade routes set up. And if you look at, I'm not going to pull the map right now, but if you look at just a world map and you see the line from China to Saudi Arabia and then what comes next, which is the African continent, I mean, this is what the Belt and Road initiative is. I was in Serbia a few years ago and there were a ton of Chinese businessmen who were there. They're trying to sell EVs, but furthermore they're trying to further some solidification in trade. And this is this idea of hopscotching all the way down and creating basically what would be tantamount to a new Silk Road regarding raw materials. Furthermore, you know, when you have, when you're like, you know, the big lender like that, as China is, they're investing in this kind of infrastructure, you sometimes have issues. And we'll get back to this fully when we come back from the break, which we're going to go to here in a second. But what happens when the countries that you've lent money to, because Chinese aren't doing this for free, just how the U.S. doesn't lend out things for free? What happens when the countries that you're working with are in a financially sticky situation in China is about to find this out. And we'll go into that a little more when we return. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com, TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices.  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TFNN has been educating traders for more than 20 years, with live programming hosted by a variety of professional traders during market hours. The Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Just straight up giving that cash. The dark blue is a swap line facility and that's from the People's Bank of China. It says rising global interest rates and strong appreciation of the dollar. I've raised concerns about the ability of developing countries to repay their creditors. Several sovereigns have run into distress. The lack of coordination among creditors blamed for prolonging some crises. Again, this is where China can really step in and kind of what I in a way was hinting at regarding what could possibly happen trading in like similar currencies, excuse me, in countries own currencies. Let's see. What's interesting is China is part of the International Monetary Fund and they absolutely refused to have any kind of multilateral bailout whatsoever. And I mean on partnering up with the IMF to do this. They're really solidifying like this is our deal. We don't need you guys in it whatsoever and they're posturing themselves that way. Yeah. And you can check this out here too. Exactly what I was just saying with the IMF. Like lending represents over 40 percent of IMF lending in three years of 2021. It'll be curious to see what happens. Obviously the dollar is depreciating a little bit right now and if we get a bank collapse we'll, which I'm not saying will happen at all, but you'll have even further depreciation. And that might lend up a little bit regardless with the high rates that will be kind of a consistent problem. All right. What else is interesting and I'm going to say it is what is going on again with chat GPT and the letter that was just signed by some pretty big names. Obviously chat GPT has just basically knocked everyone's socks off. People love it. Microsoft has come back as the dominant leader in tech after quite a few years of derision among its competitors and people who even use it. So what this is, what I'm going to pull over here is from an organization called the Future of Life and what's interesting about this is the way, what has happened essentially is they're making standards here right of like how should we look at AI, what should it do and then essentially saying we need to all work on this together. These are the questions. How can we make the future AI systems highly robust? How can we grow our prosperity through automation while maintaining people's resources and purpose? How can we update our legal systems to be more fair and efficient, keep pace with AI? And this is massive and this really is going to take a multinational and really a global kind of edge to it and it needs to. The last thing I feel like you really want to get into is if AI gets advanced enough and I mean it in the sense that it becomes advanced enough but also prolific enough in every system we have that you end up getting essentially power races with other countries and that really could end things pretty quickly just regarding like total global relations and so it's nice to see these kind of policies popping up. What happened a few days ago was the same company released a letter basically calling again saying we all need to work together on this but calling for a pause for at least six months regarding the training of AI systems more powerful than GPT-4. GPT-4 is I think this has been hyped a little bit in the sense that like it is just like a language model. It does get a lot of things wrong a lot of the times but I think if we look at this from kind of more like a psychological perspective right like everyone's now talking about AGI with something that isn't even close to what AGI would be and that's artificial general intelligence and so I think they're hopping on this essentially to be like okay let's really get a game plan going and figure out how to pivot around there but you had, let's look at this, these are all the signatories so Nego, the director of Miele, the Turing prize winner and that's really in a way kind of what this almost this principal kind of is effective as is kind of a good you know addition to some kind of like Turing test. So Russell Berkley professor, Elon Musk, Steve Wozniak, Andrew Yang if you remember him, just a bunch of guys, co-founders of Ripple Pinterest so I mean this is it's nice to actually see in like a world where nobody can seem to agree with each other whatsoever that this is, that this happened. We'll see what Microsoft does. There was a cool podcast with the founder of chat GPT with a guy named Lex Friedman. Lex Friedman is a young guy but he was instrumental in AI research. It's a pretty cool podcast to check out and the chat GPT CEO you know he's like a hype master and has been for a while but he was a little bit more candid with what he really sees is like the limitations of chat GPT in its current manifestation and you know which I think kind of would temper the outlook that a lot of people have. Let's see here some small interesting news as well. The Pentagon fails its fifth audit in a row. Can't get its book straight this was a good quote. This is the DOD comptroller so the accounting guy over there. He goes I would not say that we flunked Mike McCord said but he did admit that they could only account for 39% of the 3.5 trillion in assets. That's pretty impressive. I don't know what you make out of that. The Pentagon something else with the Pentagon's most famous recent article states the boondoggle is the F-35 program which has gone over its original budget by 165 billion but hey listen so many times in economic recessions government spending gets you out of it if you want to look at World War II so maybe the Pentagon shoving through a bunch of money that they can't account for will somehow help us in the end. On that same kind of note someone was asking I was reading on a forum why defense stocks aren't going up and the truth of the matter is that defense stocks are absolutely going up or they have been at least. Wait a second they might not have gone up in the recent year but in the beginning of the war in the Ukraine these guys popped quite a bit okay some nice latency with that and so you know beginning of the war right around here you see a nice pop up all this stuff's priced in something that's interesting to look at obviously like on the American side were essentially giving some old materials stuck in storage right that kind of were just being depreciated on the books and we send those out but in Europe they're actually ramping up production in a meaningful way so stocks like Rheinmetall and Bay Systems Bay Systems UK Rheinmetall is obviously a German company these guys have just skyrocketed in the past few years and so if you're looking for exposure that way I think like on the US end we're kind of priced in even Lockheed Martin even came out with one of their newer it's now like an unmanned drone but it goes extraordinarily fast and it can keep up with jets but nothing really was reflected because everyone was anticipating it if you want to get more exposure and then I would definitely recommend checking out seeing what the heroes are doing regarding defense and that's Rheinmetall and Bay's you know I'll put those in the den but we'll be right back guys are you looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 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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 all right folks we got about two and a half minutes on this for the end of the show something interesting I read was the consumer sentiment is deteriorating in America and like how could it not be right but these are some of the points lined out so it says the US government is and I had not actually heard about this at all it'll be interesting to see what happens with this kind of economic crunch we're gonna have here the US government plans to cut SNAP which is the food stamp program welfare benefit starting in 2023 you know I don't know how this is going to affect low income people and you get more people kind of out of work and if at some point you do get kind of like a complete fallout of wages this might be a major problem compared to the same period last year the amount of US government tax refunds has declined and that's mainly due to decline in taxpayer income compared to the same period last year which is interesting you know but he gives as the amount of tax due decreases so does obviously tax refunds revolving consumer debt which is essentially my credit card use is at an all-time high media analysis indicates that the US households may be overwhelmed by debt and yeah we'll see how that goes again I was just saying like people with the with the anecdote I was saying at the beginning of the show people buying old cars for long-term loans and high rates it's it's and you know there's nothing that's what you have to do that's what you have to do everyone has to do that now at least you're common american and it's just it'll be crazy to see what happens with that the student loan repayment moratorium ends in the second quarter which is again another big thing we should be planning around meaning 455 million people will begin repaying their loans now you know all this kind of being at the confluence of major economic tightening will be something to behold it really you know will be interesting I didn't get to go over the national bureau of economic research paper it's super interesting though it's talking about the tax evasion of the top U.S. income distribution which really falls in again with what the french authorities were trying to find out I'm going to link that in the den if you're not in it get in the den folks have a great rest of your day and we will see you tomorrow