The following is a presentation of TFNN. The morning markets kickoff with your host, Tommy O'Brien. Good Monday morning everybody. I'm Tommy O'Brien, company live from TFNN just after 9 a.m. Eastern time as we kick off the trading week, a big week. We got Jackson Hole, Chairman Powell. He'll be speaking interest rate hikes, of course, a focus.  S&P is off 1.2%. You're negative by 50 points. You back things up from where we started off last week. You're talking about 75 to 80 points. You look at it last Monday. We're trading at about 42.60. This week we come into the action at about 41.81. What's pretty interesting is where we ended last week. Only about 15 to 20 points away from where we began last week after getting up to about 43.27 on Tuesday. Now this market, we're about 150 points off of those highs already as we come into quite an interesting week to say the least. NASDAQ 100, you're pushing 1.5% of the red right now. Dow is off a full percent as well, 33,364. How about energy? Look at that drop in crude. Just even in the last few minutes, man, we got volatility everywhere in these markets, folks. Crude just dropped $2.50 in about the last two hours where it 88.60 and you want some action in commodities, folks, check out natural gas. Up almost $1 from where we were last day while at the same $0.50 on the session. But we were just trading at 9.20. We almost pushed 10. You take a look at natural gas. How about that? Blowing past the recent highs. You talk about a pullback to July 5th. It's been a rocket ship. We just climbed above where we were on July 26th on natural gas. Remarkable, the move in those natural gas contracts. You jump over to gold. Down about $17 this morning. The trend continues, 17.45 on the price of gold and we got notes and bonds this morning. As we kick off a big week, Jackson Hole, we'll jump over to that to kick off the program right now, but you're talking about a 10-year right now, negative two ticks at 118.01. That is correlating to a yield about 3%. Pretty remarkable, right? You come into Jackson Hole, 3%. We were at 3.5%. You almost made it back to 2.5%. Now we're right at 3%. 3%, nice, simple round number and remarkable that you look where we're at, folks. We're talking about almost back to where we were on April 22nd. Remember the conversations of, all right, you know, geez, we just accelerated at three, but maybe we chopped around at three for a while. Well, we didn't chop around for three. At three for a while, we chopped around three with about a half a percentage point leeway in terms of making it to a yield of 3.5%, June 15th, a yield approaching about 2.5% at the beginning of August and just like that. We're back to about 3% as we get some FedSpeak this week from Chairman Powell at Jackson Hole, Wyoming. A lot of attention gonna be paid to that. We get some earnings coming up as well and let's jump into some of the headlines as we kick things off and we'll kick it off with the chairman himself. The headline has a chance to reset the market expectations at Jackson Hole. Well, good luck to that, man. He's gonna speak amid high inflation and investor optimism, a little bit of tamed optimism this morning. Now you also have ECB and Bank of England officials. They're gonna be at the annual Fed conference in Jackson Hole. He is gonna speak Friday at 10 a.m. So we got the whole week kind of to go until he's there. He is expected to restate the Fed's resolve to keep raising interest rates to get inflation under control. They'll probably stop short of signaling how big officials will go when they meet next month. Now what's interesting is, we of course have had a lot of FedSpeak recently in terms of the Fed. We've gotten the minutes last week on everything on top of it. They're gonna be data dependent, but we got some data, man. And the data isn't exactly lining up with inflation disappearing as quickly as probably like Fed officials would prefer. That's everyone's top of the mind question. How much will Powell micro manage financial conditions?  They've stated that the cuts they've already made are gonna take time. But what does that mean? Are they going to pause and see if that plays out or are they gonna keep stepping on the gas and be willing to overshoot a little bit as they probably did to put it lightly in terms of allowing inflation to roar its head to the point now it's basically out of control. Yeah, so we get Chairman Powell, we get him Friday. We'll see how that goes. We go from there, but let's jump into some of the stocks because we get a big week of earnings. We get Zoom after the bell tonight. We had some companies already moving this morning, some of the meme stocks as well. Yeah, Bed Bath and Bottom. We'll jump into that one and AMC, they're all, they're all cascading folks. AMC we'll jump to first, okay? Because we know the saga going on with Bed Bath and Beyond as Cohen's gonna sell off his entire stake. The movie theater chain AMC plummeted 30% ahead of the debut of AMC's so-called eight preferred equity units. I mean, they're going all in on NFTs, crypto, memes, the whole deal. Yeah, let's check out some of these meme stocks, man. Be careful. I'm gonna start off a game stop, not even mentioned. They're down $2.50 themselves, right? You jump over to AMC. There's a drop for you down to 1148. All right, now what's the news? What are they? Are they pushing out some type of paper in the same way? We'll have to look at this one. Yeah, what is this eight unit? Special preferred share dividends begin trading Monday. The eight units were announced as a special dividend to class A common stockholders when they reported second quarter earnings. At the time, they called the move perhaps the single biggest action they'll take in 2022 to fundamentally strengthen AMC for the long term. The day they start trading the stock opens down 30%. 517 million eight units, one for each share of outstanding common stock as of August 15th to be paid after hours last Friday. And that's gonna represent an interest of one 100th of a share of the company's preferred stock, giving them the same voting rights as one share of the company's common stock. There's a lot going on there. The market isn't having any of it though, as it's down about 30% to kick things off and watch out man, for that one, we jump over to Bed Bath and Beyond. They're down another two bucks to nine bucks. Now what's so interesting here folks is that, you know, when that news first came out that Cohen was selling, I mean, there was the chance to get out, man. All right, that was the day after he announced that he was gonna sell all his shares. It bounced around between 1650 and 20. It's trading at nine right now. You know, I remember talking about how well it hold up. Who was in this equity hoping for higher prices at 18 to 20 after Cohen sold out his entire stake? If you're playing a game of hot potato folks, that's when the music's about to stop in musical chairs and you make sure you have a seat at the table. Nonetheless, I expect that's probably gonna even go lower as we open on a tough market with the meme stocks getting slammed completely. And yeah, it might be a dicey open folks. We've had a, I believe $7 trillion meltup, right? I think that's one of the headlines I had up here. I'll pull it up, but I believe on Bloomberg, I think that's a rise, right? What if we got in market cap wise? I think we're talking about, yeah, $7 trillion rally. There was the article I had to pull it up. Bears take revenge. Well, you know, we're sitting at almost 4,200 in some context here. Fed is years away from meeting its inflation targets or way of market participant shows, I would say so. But yeah, we just had a $7 trillion rally in markets. So don't be surprised if we're gonna get a little volatility folks. You take a look at this S&P, even the S&P on a daily basis, right? I mean, we're back to prices that we were trading at almost in January. We reached that level. So volatility, we're coming from 36, 39 to above 4,300. We're backing off a bit. Stay tuned folks, we got a lot to go over. We'll talk about some of the companies with earnings. We'll kick it off with Zoom after the bell. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accretive transaction. 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At TFNN, all our newsletters come with a 30-day money-back guarantee so you have absolutely nothing to worry about. Visit tfnn.com and try Mastering Probability 30 days risk-free today. TFNN, educating investors. TFNN has launched the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den, available to all tigers and tygruses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders, just visit the front page of tfnn.com. Welcome back folks, we've got the S&Ps right now, you're trading down 50 points right now at 41.81 and then again, take a look at this chart. You take a look at the full retracement we had from 48 to eight folks on the S&P down to 36, 39, we almost make it right back up to that 618. We make it to a high of about 43.27, 43.62 is the 618 of the entire move. Now, if you take off that Fibonacci and you just look at where we were at the end of March, you take a Fibonacci retracement off that price level and you see we've got just above the 618. So kind of just above, just below on a Fibonacci basis, looking at the recent action we just had, right, the run up from 36, 39, if you're looking for a Fibonacci retracement, about 4064 is where you're looking for the 382, okay? And you're talking about 4100 is the price point that you dove down there. That's a decent price action in terms of that was the low all the way back in February, that was the lower area you had before it blew through it in April and the area between about 4100 and 4200, that's where you got a little bit of a consolidation was the end of May, yes, end of May and early June. It's gonna be an interesting open folks, especially when you have the action you have in currencies right now, you have the 10 year back to about 3.5% and this thing was a shot out of the gate on a lot of Fed optimism that they were not gonna hike as fast as the market feared maybe that the 75 basis point path of meeting, meeting, meeting was not gonna be already spelled out but the data's gotta back them up and you see a lot of Fed governors still pushing a pretty aggressive path for hikes as we come down the line. Now jumping back, Fed tightens fast amid decades high inflation. This is the article I had up in the last segment talking about Powell having a chance to reset market expectations. You have the CPI here in black, okay? And what you have here is that the red is the midpoint of the federal funds rate target range. So that's the Fed rate that you're seeing there, okay? Now, what's really tough here is that you have inflation spiking, okay?  It raised the benchmark interest rate by three quarters of percentage point following an increase of the same month a month before the back to back moves marks the fastest pace of tightening since the early 1980s. Investors see similar odds to either half or 75 basis points, okay? But taking a look at CPI folks, check out the last time. Check out the last time CPI was at this level. Where was the midpoint of the federal funds rate? Yeah, it was at like 12%, we're 2.4, right? We've never seen anything like this. So keep the spikes up on your back when you see a chart like this. You say, yeah, well, the Fed's gonna get it under control because they have their rates set at 2.4 right now. That's the middle. So what is it, two and a quarter to 2.5 right now is the range that they have. And meanwhile, we've never seen a CPI that's been above probably that's been above about 5.5 or something like that and we're seeing an 8.5.  Anytime we've risen above some of these levels and it's pulled back and pulled us, this is everything is going at 8.5 now. So you're sitting at 8.5% CPI, the Fed funds rate is way down here, okay? And we have inflation rocking at levels we last saw when the Fed had their rate at double digits. Pretty remarkable, man. Okay, what else do we have pulled up here? Let's see. Yeah, this one's an interesting one talking about a couple things here. Wall Street, I talked about this one, $7 trillion rally, okay? One thing I wanted to take a look at here, so they have a survey here. A majority of the 900 contributors, let's check out what this survey is. MLIV Pulse Survey, okay? 900 contributors who include strategist, day traders, reckon inflation has topped out, still a whopping 84%, say it may take two years or longer. Two years or longer, okay? I'm in the longer camp, down to its 2% target. Now we're gonna be dealing with some pretty decent comps in two years, right? Imagine what do we just have? Like 9%, now we're pushing 8, 7, 6, 5%. So you're gonna have an eight or a 9% CPI print and then you're gonna have a 5% print if we're lucky and then you get back into 3% or maybe 2%. The point being, we're gonna be dealing with comps where you can get back to a 2% inflationary environment and meanwhile prices might be up 15% to 20%, right? But that's inflation tamed. We're still paying 20% more than the products we were two or three years ago, because you add nine, you compound it to five, you compound it to three and the next year's two and you're 20% higher, right?  So we will be dealing with some comps down the line but boy, even two years for 2%, I mean, I could see 2.5, I could see three, I could see 3.5 but we got a lot of issues still going on in this economy, man.  How fast can rent continue to rise unless wages in some form keep up, right? Our rate's gonna be able to come back down to make houses more affordable. The other side of that is that plays in for rent as well but nonetheless, in terms of where people are, professional investors are in black here, retail investors are in pink, okay? And it's pretty interesting, even at this level, I think these things, these people are cuckoo, bananas. One year, you think the Fed's gonna be back to 2% inflation in one year? I don't agree but you're talking about 15% of professionals and almost 20% of retails. Two years, it's almost a 50-50, right? Professional traders, you're talking about 46% investors, excuse me, retail investors, 44% and then longer, 39 and 37 and that's where they get when they talk about two years or longer. You add up the two numbers in terms of what they're looking for. I would put in a longer camp for 2%. If you told me 3%, maybe I'd say two years is a little bit more acceptable possibly but boy, it's a tough deal, man, with everything going on to put it lightly, right? Okay, let's jump around to some of the equities like we talked about with earnings. We kick it off with Zoom today after the bell. Let's jump over to Zoom. Let's see how they're trading pre-market. They're down a little bit, makes sense, growth stocks getting hammered this morning. Zoom, man, talk about some woes. Down to $79 in May but boy, you're basically just chopping around lows at 100 bucks of 99.50. So they're out with their numbers after the bell. And let's see what we're looking at. Yes, after the bell today and you're talking about about a 12% move priced into that equity. You know it's gonna have some earnings volatility after the bell for sure, so we'll see what Zoom has to say. Now Zoom, multiples got way out of whack, of course, when this thing was pushing 588, right? Can't believe. I mean, folks, we're talking about two years ago now. Talk about time flying. Zoom has been in a pullback for two years. That's amazing. They give back everything that they gained in eight months in the span of about a year and a half and now we've just been consolidating though. And boy, you're gonna need a consolidation when you're gonna move from 600 to 100 in an equity, folks. And that is a real move. That is a recalibration of the multiples of an equity that in no way grew like the market was thinking. Now here's the kicker of Zoom. They're a profitable company. They're not, you know, it's not a theoretical profit that will at some time appear in the future like many growth companies are. I think Roku in particular, right? Among many others, but they are just not growing anywhere near where they thought. They're still a profitable company though in the long run. So at some point it has value. Still talking about a company right now. Talking about a company valued at $30 billion right now even at a hundred bucks. So what were you pushing $180 billion when you were up here at 588? They'll be up after the bell today. We'll talk a little bit more when we get back, folks. We got Dick Sporting Good, we got Macy's. Stay tuned, we'll be right back for the open. S&Ps, negative by 52. Time of booming inflation. We are purchasing powers eroded. There's no better place to protect your harder and money than ain't gold. Vista Gold's flagship asset is the Mount Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. Vista Gold just completed the Mount Todd Feasibility Study which resulted in a seven million ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. This distinguishes Mount Todd as an attractive, devious partner, ready-development stage gold project. 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From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. We've got markets open and you're looking at an S&P. It opens down 55 points, NASDAQ 100. You're off more than 200 right now, basically open at session lows as we tick a little bit lower on the open.  Jumping over to some of the articles before we jump back into the earnings. This one's an interesting one. I was reading this this morning. Bond traders, bond investors. Pay attention, folks, because they're managing so much money and they sometimes have a pulse on the market. PIMCO and Capital Group, they're saying the era of low inflation is gone for good. Maybe this was what was shaping my opinion a little bit as well as I was talking about that people see inflation back to 2% within this year or next year. When realistically I see the horizon would be lucky as ever to have it come back next year, right, within two years. And I say next year, within one year, within two years or longer than two years. Within 12 months, very, very difficult. Some of the world's biggest bond investors say the market is wrong to expect central banks to score a long-term win in the war against inflation. If we start seeing the data, it's great, but really pay attention to the data because it's absolutely remarkable, the optimism built in this market when we have inflation out of control like we've never seen before.  Yes, that's a drop of 0.6%. The last one was 8.5 though. We're not out of the woods, man, are you kidding me? The retreat in inflation from its peak isn't likely to mark a return to the price stability of recent past because of stark shifts in the world economy according to a broad group of investors and strategists at firms including PIMCO, a capital group and union investment during the period of expanding globalization, cheap commodities and low labor costs help keep inflation at bay. Now that's starting to reverse, oil and gas are elevated, nations sever ties with Russia, businesses are weighing political tensions while rebuilding frayed supply chains, tight labor markets, giving workers the power to push for higher pay. Worker pay in the U.S. not keeping up with 8.5 or 9%, but it is at a level that we haven't seen in a long time, right? I mean, real wages not rising. Real wages are decreasing because you're not keeping up with inflation, but nominal wages are increasing at a level we haven't seen in a long time. That's gonna weigh on costs, that's part of the reason, right? All those job openings. Now those are disappearing a bit, but still at almost historic level job openings, that's contributing in a way. And the things we just talked about has money managers who oversee trillions bracing for inflation to hold well above the roughly 2% level targeted by major central banks. And they talk about, they've been buying inflation protected bonds, boosting exposure to commodities, expanding cash holdings, instead of plowing it directly into bonds. The last 20 years of the great moderation, that's fully behind us. Yeah, that's Tiffany Wilding, North American economist at PIMCO, 1.8 trillion under management, okay? Anticipates a period of high volatile inflation as the world adjusts to changes that will lead to higher input costs in general and should result in multi-year price level adjustments. There's a lot of analysis that I would tend to agree with overall folks. And here's the thing, right? We're just making probability assessments and anyone's probability can be wrong, but you have to price him the probability that we are in a time that we haven't seen a long time. That first chart that I just pulled back, right? Where are we? This chart, you better pay attention to the fact that CPIs at levels we haven't seen since 1980. Everyone's saying, hey, don't worry, we've peaked, folks, look at this little carrot top on the top there, okay? Yes, that could be a peak. You know what else it could be? It could be this little peak here before we jumped up another 3.5%, okay? And even if we just come back to five, getting back down to this level, what they talk about over the last like 20 years or so, very difficult, everything going on on a global scale. Man, the US Federal Reserve does not control every input in this market that is contributing to inflation right now. So we're gonna see what Chairman Powell has to say Friday at 10 in the morning Eastern time and this market getting ahead of that to kick off the week in a big way.  We drop real quick right out of the gate on the open and we're continuing to drop. All right, let's check out some of the other companies as we come into earnings. As I mentioned, Dick's Sporting Goods, they are out with their numbers Tuesday. So they opened down about 2.4%. We take a look at this thing on a daily quite a bounce from their last earnings. I was actually at a Dick's Sporting Goods yesterday buying some t-ball equipment. Glove, checking out some gloves, I need a glove too. Gloves, not that cheap to put it lightly. Some of those gloves, adult gloves, 300 bucks for a top of the line glove. Kids' glove, $40, $35 to $40 for a decent kids' glove. Not out of whack, but I was in there yesterday with a glove, we got a t-ball, got a helmet as well. I think it was in the Deedis helmet, 25 bucks for a little t-ball action. So Dick's, they are out with their numbers. I think we're talking about tomorrow, correct? Tomorrow, and they got about a 10% move priced in. So quite a pop recently, man. You're up, what is that? 75%, 66%, 60% from where you were coming into the last earnings, putting a little bit longer term timeframe. Yeah, I mean, you're pushing levels that you started off the year at on Dick's as we come into their numbers. We also get Macy's out with their numbers tomorrow. Macy's, talk about a pullback, man, basically give it all back from the run it had last July, 15 up to 38, back recently as low as $15.85. We put this thing on a daily, and you jump over to the analyze tab, talking about a 12, 13% move from Macy's as they're out after the bell tomorrow. What else do we got this week? We got some more retailers. We got Nordstrom's, JWN, out with their numbers Wednesday. You're talking about a $3.15 move for a $23 stock, longer term timeframe, a lot of these equities back to near lows of the last year, if not lower than that. We also get Urban Outfitters out with their numbers. That's decent pullback and we get Toll for housing. Toll's out with their numbers, I believe on Wednesday. Let's check it out. Yes, they are. You're talking about about a 5% move priced into their earnings. Going towards Wednesday, what do we got? We got Box out with their numbers. NVIDIA will be a big one on Wednesday. Let's jump to NVIDIA, man. Talk about a pullback. This was quite a short, man. This market was frothy, man, but NVIDIA. There were a lot of good analysts talking about NVIDIA, man. Some, if anybody has them and the tiger's in, what were they throwing out there for NVIDIA? So they were talking about, at this rate, it would take a hundred years of earnings to make NVIDIA's money back or something. The multiples were very, very accelerated as it climbed from under 200 to 346 near the end of last year. You're down about 2.6% right now for NVIDIA. You jump over to the Analyze tab and they got about a $10 move priced into their earnings as they'll be after the bell on Wednesday, I believe. What else we got? We got Snowflake. You get Victoria's Secret as well. Let's see. Jump into Thursday, some of the numbers that we have talking about keeping with retail. We get Dollar General, Dollar Tree and Gap, but the big one on Thursday is gonna be Peloton, this thing. Ooh, we talk about a headache, man. Down to 8.22, sitting at 11.52, they're out with their numbers and what type of a move are they dealing with? There's a move for you, man, an $11.50 stock and you got a $2.30 move priced into their numbers. Thursday, yeah, we also get some others. This is a big week earnings as well. We get Alta after the bell, so I think Peloton is before the bell on Thursday. We jump over to Alta shares. Yeah, they're on Thursday as well. You're talking about a $30 move? Talk about holding up well, man, right? Almost no pullback at all. Chopping around between $350 and $400, maybe you basically started the year off near this price level. You've just been consolidating for the better part of about a year on Alta, off 1.7%. Stay tuned folks, we'll be right back after the break. 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. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, foresight fund services, LLC. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. Back folks, we get the S&Ps right now down 60 points. NASDAQ 100 of 226, you get the Dow off 420. That's one and a quarter percent. We jumped to the commodities. How about crude, man? Crude, drop in 3.9%, you're off $3.50, you just dropped, set $4. You just dropped $4 from where we were at seven in the morning, let alone where we were at about 8.45. I came on to the air folks, you know, setting up the program, you know, I'm reading articles all morning, I'm setting up what I'm gonna talk about for the final hour really, getting my head straight in terms of what I wanna talk about, what I'm looking at, what's coming up for the week ahead. Crude was sitting at about 90 bucks, that's what I had in my head. It's got an 86 handle and we can still get 17 minutes to go in the program, man. You jump over and see how some of the other commodities are moving. Natural gas gets a little bit of a pullback as well, but nothing in terms of where we were. You came into the overnight session at about 9.20, we're still trading at about 9.70 on natural gas. We jump over to the gold contract right now, down about 14 bucks. Let's check out some of the forex action, see how we're starting off the week right now. Jump over to the Euro US dollar right now and we got moves, there you go folks. How about a 99 handle for you on the Euro US dollar? Look at that trend, man. All right, quite a defined channel line. This goes back to where we were in February. Lower lows, lower highs and to line that up, right? Whoops, back that out, square that up and tighten that up a little bit. I mean, if you're talking about just trading to the lower portion of this trend line, you're talking about now, you're talking about what, 96 maybe? Maybe 96 to 95 depending on how much time it takes to get to that level. Huge moves across the board in a big way. In the Euro US dollar and we are now, I was gonna say below, 99.5 is the low we had. It's amazing folks, that's five weeks ago, remember? So it's the type of consolidation sometimes you get. You wanna trade below parity, right? You need a little bit of consolidation to break through that area. Well, what would we do? We hit parity, you rise up to a level of about 103 and just like that, we're back at parity. If you're taking a trip to Europe folks, risk reward wise, yes, there is, if I was betting one way or the other, right? I'm betting on probably a stronger dollar and a weaker Euro. But risk reward wise, over the period of years to come, it's pretty cool locking it in a parity and it's probably something that risk reward wise is a decent play. And yes, they're gonna have some energy issues, man. And you're seeing that play out in natural gas right now, I think. Maybe getting ahead of things. Now you get the entire dollar index right now at 108.39, that is quite a move as well. Take a look at where we've been. Yeah, you're talking about recent highs, man. 108.39, right back to where we were, pretty similar in the Euro in the beginning of July. Let's jump around some of the other currencies. We talk about the pound dollar as well. Again, right back at those levels, about 118. They're trading pretty close, but they do have a little bit of a divergent action in terms of the pound versus the Euro. And the Euro in terms of the Euro is incorporating many of those areas that may have even more trouble than the pound has even. When you think about Germany, France, energy issues overall. US dollar Swiss, back to about 96. We're at about 94. We were at parity a couple of times earlier this year. US dollar Swiss, Swiss, excuse me, and we jump over to the US dollar yen. It's part of the reason you're gonna see some tough action in gold today. We got the dollar yen climbing to about 137, above 137 now. Recent highs, now it's interesting, right? This is where you do see the divergence, okay? Euro dollar is right back to basically the lows that we had on July 13th or 14th. The yen, still almost two full points away from the highs we had at that time. 139, 38, all of them, though you see, continuing. I mean, you take a look at just the dollar index, the move, okay? The Bloomberg dollar index, you're talking about right back to where you were at June 14th. You were up there at 108.54. We're at 108.40. And this thing's a one-way trip, man. I mean, look at it. Year-to-date from 96 to 108. You back it up before that. It's a one-way trip from 92 a year ago to 108. Let's see what the five-year looks like. Just huge moves, man. Yeah, we were sitting at 90. What is that, 2021? Yes, that's gonna be 2021. May of 2021, 90 to 108. It's a one-way trip, man. And like I would say, I would not bet on a weaker dollar right now. Folks with everything playing out. Because I imagine the Fed's still gonna need to hike. And that's gonna contribute to everything pretty dramatically. All right, let's jump around to some of the fang stocks as we get the market. It's kind of just hanging out where we kick things off. We'll kick it off with Amazon. I was listening to Bloomberg earlier this morning. They were talking about tech stocks, right? Apple has held up so well, man. Pulling back today at 1.5%, but look at the run this thing just had from 129 to 175. You almost got it all back, man.  You're back at prices last week that you were trading at the third or fourth of the year on Apple at 174. Remember, the $3 trillion mark is about 182 in change. Apple though down about 1.5% today. Even versus the Nasdaq 100 though, you could say you're overperforming as the Nasdaq 100 is off 1.7. We jump over to Microsoft shares down 2.3%, Google shares down 1.7%, Netflix down 4.8, that's a tough one. Metashare's down 2.4%. Let's see how those growth stocks arc. Not bad, look at that. What is contributing there? Well, Zoom is flat on today. That's an interesting one. How's Roku doing? Roku's down 2.3%, how's Tesla doing? Down 2.7%, what else does she got? She must've got something rocking for Arc to be almost flat down about 9 tenths right now. Yeah, and this market looks pretty dicey, folks. No real strength at all coming out of that open. We got a little chop. That's the Nasdaq 100, but you're off 1.7%. We're only almost single digit points off of the lows that we made in the last half hour. All right, jumping to a little housing. Now, shelter is one third of CPI, folks. So if you wanna pay attention to something, keep your eye on the shelter costs, right? Cause one third of CPI, that's a big factor going on. I've been talking about the CPI numbers. They're back to almost 1980 levels. Meanwhile, we have the Fed with their target rate at 2.4% versus it being 12%, 15%, something back then. A big part of CPI, one third of it is shelter. A big part of shelter is rent, of course, right? A mortgage is as well when you have higher interest rates coming at you. But this talks about new apartments at a 50-year high may ease pressure on US rents. 420,000 rental units expected this year. Extra supply could help alleviate record rents in some cities, right? You look at the numbers you're talking about here, right? I mean, that's big number strokes. That's the three-year average for new apartments expected to surpass 400,000 driven by demand, particularly in southern cities, Dallas, Miami, right? This is what I'm gonna say. It's gonna be regional here. Where are they? Because hopefully they're in areas like Dallas, Miami, probably Tampa, right? Tampa's got a huge buildout going on. Jeff Vinnick and Bill Gates in Tampa, probably most of it almost basically done. But in terms of the buildouts that they have in those cities, half of the top 20 metropolitan areas ranked by construction are set to reach five-year highs in apartment deliveries this year. New York is in black, Miami is in red. Look at the numbers, right? Austin's in blue here, Seattle is in yellow, and Phoenix is in green year-by-year. You see the numbers. 2022, coming in with big numbers. Almost 100,000 apartments are expected to be built in the top five markets alone, which will be big. New York, 28,000, man. Where are they building all these New York apartments, I wonder? Nonetheless, shelter. That's gonna be a big one. Stay tuned, folks. We've got one more segment. We'll be right back to finish up the show. TFNN has just launched their new trading room, the Tiger's Inn, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. So it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. 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.  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. TFNN.com, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. 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. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. We get the S&Ps right now, negative 63 points. You're basically sitting within a few points. We just made session those folks in the last five minutes, catching a little bit of a balance, but watch out for this market. NASDAQ 100 off 228, you jump back to that crude market. You talk about some volatility, man, crude with an 86 handle right now. You get the gold contract off $16 at 1746. We have dollar strength today and also jump into notes and bonds. Pretty much team action, the 10-year sitting basically right at 3%. Pretty interesting how we commit to that round number with Chairman Powell speaking Friday on a Jackson Hole at about 10 a.m. Eastern time. So right when my program will end on Friday, the chairman will be picking things up, but right as our man, Basil Chapman, picks things up as he will today at 10 a.m. following our program. Let's jump around to some of those fang stocks again as we wrap it up. Apple off about 1.5% right now. You jump over to Microsoft off 2.1. And the point I was making, not sure I eventually got there is the fang stocks, the tech stocks in particular, how they're behaving and how there can be such a divergence right now. Whether you talk about a company like Apple, right? And Microsoft or so, versus maybe a company like Amazon and a company like Tesla, even a company like Google and Meta and how they're performing and where their revenue streams are. Look at the pullback in Meta just recently. You got to run to 183, we're off $20. You're off, what is that? 11 or 12%, just from where you were, seven or eight trading days ago in Meta. And it's amazing, it's been chopping around this long, man, 164 at Meta. And you're just basically in this consolidation. You've been in since May 2nd when you traded below 170 at that point. And we're sitting at 163 right now from Meta shares. All right, folks, thanks so much for starting your trading day off with me. Stay tuned, we're gonna man Basil Chapman. He's coming up next. Don't forget our man Steve Rhodes and Larry Pezzavento. They swapped spots a couple of weeks ago. So Basil at 10, our man Steve Rhodes live at 11, fast market at 12. Larry Pezzavento live at one o'clock. Dave White live at two. And Tom O'Brien, my dad, back to wrap up in the anchor leg from three to four p.m. And I imagine it's gonna be an interesting one, folks. We finish up with the VIX, that's a weekly. You take a look at the daily. That's the first fake spike we've seen in a while in that VIX all the way back to almost market lows. We're in the VIX at 35, we're trading at 2315. Have a great Monday, everybody.


Live from Las Vegas, it's theCUBE. Covering Discover 2016, Las Vegas. Brought to you by Hewlett Packard Enterprise. Now, here's your host, Dave Vellante. Welcome back to Las Vegas, everybody. This is theCUBE. We're here at HPE Discover. This is our sixth year covering HPE Discover Las Vegas. We also cover, of course, the shows in Europe. And what would an HPE Discover be without a little conversation about dream work? So we're really excited to have Kate Swanborg here. She's the head of technology, communications, and alliances at DreamWorks Animation. And she's joined by Tim Peters, who's the vice president and general manager of Pro-Liant Rack servers at HPE. Folks, welcome to theCUBE. It's great to see you. Thank you very much. Thanks for spending some time, Tim. Okay, let's start with you. DreamWorks, cool business, a lot of fun. Everybody's familiar with Shrack and some of the other great movies that you guys have produced. So give us the update with DreamWorks. What's happening now down in LA? Honestly, things at DreamWorks are amazing right now. We're producing two films every year. We just released Kung Fu Panda 3 earlier this year. It was a co-production with our studio in Shanghai. First time we've ever done that. So the film was actually produced in both countries and in both languages. Everything at DreamWorks right now is on an upswing.  And Tim, of course, you guys at HPE have always had a long-term relationship with DreamWorks. Jeffrey Katzenberg has been very outspoken about that relationship. So it's got to feel good to sort of sit back now in the new HPE, new company, the focus. Give us the update from your perspective. Well, things are going really well. We're actually doing exceptionally well in the market relative to our competition, but all in the context of trying to create value for our customers. And having a customer like DreamWorks Animation is a dream come true because we were sharing some of the things that you guys do with the technology to produce these amazing films. And I wish I had your job. There's a lot of fun in what you're doing. So Kate, your business, the innovation in your business, it's kind of like the technology business in that it never stops. That's right. One of the things that a lot of people don't understand is just how much technology is required to make these films. These movies, they're 90 minutes long and every single element in them has to be crafted. So it's not like live action where you can take a camera out and film things. Everything in our movies has to be geometrically made and surfaced and textured and rendered. So by the time we're done making one of our movies, we've usually created half a billion digital files. We've usually used 75 million compute hours just to render the images. And that's just for one movie. We usually have 10 films in active production. So we are actively using 15,000 cores in a completely pro-liant blade server farm to make these movies every single day. Yeah, so in the technology business, we've marched to the cadence of Moore's law for decades and that has to be, you guys consume every compute piece of energy that's produced. So Tim, my question is how do the innovations that you're doing on the server side, how do you see those translating, and maybe this is a two-part question, translating Kate into your innovation. So start with the innovations that you guys are doing that will map it into the DreamWorks piece. Great, so for us, we have to be driven by an insatiable maniacal focus on innovation. And we see that in three parts, and I'll relate it to what DreamWorks Animation is doing. One is innovation at the platform level. And that's in the context of, how do we make this platform the most secure? How do we make sure the compute is optimized for the performance? And every cadence with our partner with Intel to do that and then tune that to create the best of breed performance. And we see that in demonstrating a lot of benchmarks. In fact, the line share, the benchmarks that are in the industry, setting tons of world records. But also in instrumenting the world's first persistent memory-enabled servers. I think that's very important relative to the demands and the workloads that DreamWorks has because it's memory-insensitive. And what we've done is creating a platform combined between the firmware, the BIOS, the device, the non-volatile DEM itself, as well as support for the operating system and the application to allow non-volatile, which when you turn the system off, it preserves the data and then put it on the memory bus to maximize performance for the workload. And so applications run at 2x, 4x, the speed that normally would. So that's a direct correlation to some of the differences. So, Tim, I call it chasing the chips. In your business, new chip comes out of from Intel, new microprocessors, you got to grab it, you have to be able to exploit that as fast as possible. And Kate, your organization is consuming those innovations as fast as possible. But what's this persistent enabled server piece translate that into what it means for your business? Well, it's so critical for us, these types of innovations, because obviously our artist workflows are the most important thing. Our artists are sitting there, they have ideas, they want to make these characters perform in the way that audiences are going to love. And what is important is that that idea that they have, they need to be able to realize that as quickly as possible. Things like this persistent memory, that's going to give them the opportunity to keep that data, to keep those applications right there. It's going to remove any latency. Suddenly, all of our in-house proprietary applications that we've completely re-architected to take advantage of scalable multi-core computing. So we have the compute on our side right now, and with this type of innovation, we're going to have the memory on our side too. It's a big deal for us. So this is like a little preview, it's showing a little leg of the machine coming out, or is it? It's more than a preview, this is real stuff. It is the first iteration of the machine, and that's a journey, and it has iterations over time. In fact, as we move forward in our portfolio, we're going to continue to expand the performance aspects, the persistent memory, and absolutely the capacity, so we can have a memory-centric design going forward. And you'll see that in our Gen10 products as we move forward. So you're envisioning a world where anything that's high volume from a performance standpoint is done in memory. Absolutely. And then there's a bit bucket behind that for all this, the bazillion files that you guys store, which is going to presumably be cheaper for your archives, is that right? Absolutely. And this is what is so important about the partnership we have with Hewlett Packard is these types of integrated solutions that aren't just thinking about one element, but are really thinking about the entire ecosystem, those make a difference in the business. That's what really can make an impact on the end user, that's what can make an impact on our buying power, and what we can really get for that investment. This is what Hewlett Packard brings to the table, and no other company can as far as we're concerned. Yeah, in terms of kind of looking at the holistic solution, because remember I talked about the platform what enables the capabilities, but you also have options. And so in terms of delivering IO throughput and maximizing the bandwidth there, just this week we announced a 25 gigabit ethernet. And we're the only manufacturer in the industry that has an end-to-end high integrity solution from the server adapter, the ethernet adapter, through the cabling and out to the switch, high fidelity, totally interoperable to make sure that we have a high integrity solution to deliver that highest performance. And that's beneficial for high transactional processing of read and writes across the IO, and that's great for media streaming and trans coding information. Like you said, Kate, from a workflow standpoint, you're artists, you're creators, they don't want to wait. Nobody wants to wait, especially if you've got an idea and you've got your director standing there over your shoulder and you want to say, look at this. First of all, you want to look at it in the best possible way. You want it to be high resolution. You want all of the characters. You want the entire environment. You don't want to have to give up any of that stuff in order to get performance back. What these types of solutions offer is the whole enchilada. I get everything in my shot, I get it immediately, I get feedback from the director, and I didn't have to have anybody guessing about what was there because everything can be produced on the fly real time. So I asked a question, you made a statement, we think only HPE can deliver that. I want to understand that, unpack that a little bit, because essentially you're talking about an HPE open company, standard platforms, Intel technology, you talked about adapters, et cetera. This is all off the shelf technology. Why is HPE the only company that can do that? It's their commitment to innovation. You look at other companies, they don't have HPE labs. They don't have organizations within their companies that are dedicated to looking out five or 10 years. Some of these solutions that are coming to market right now were early ideas five, six, seven, eight years ago. Only HPE is putting that investment in as far as we're concerned. And one of the other things that we see with Hewlett Packard is that they listen. They listen to the customers that they're serving. They look at us, they come in, they actually understand our business. They look at what we're doing with our artists. They look at what we're doing with our films. And they take that information back into their labs, into their workflows, and they are coming up with business solutions that happen to be technical. So the innovations in this case is broad well, okay, but it's how you're exploiting whatever, the cores, the non-volatile memory, et cetera. Talk a little bit about that and how HPE is adding value to all those standard components. Yeah, the process is made available to everyone, but it's how you can tune that within your subsystem, and that goes down to the firmware and the BIOS and the structure behind it and how we construct and build a high integrity, high availability system. And beyond that is when you have a workload, you have certain benchmarks or application workloads from our customers, having a real good understanding of what they're trying to achieve, the business outcomes they're trying to deliver, we can match that with a configuration of options whether it's storage, memory, network interface cards, and additional software, enablement software to tune that and optimize it for success. And then when it's deployed into their infrastructure, have a management capability that can understand the orchestration across the enterprise and allow automation of workloads to be balanced and manage in resources, it's composability to deliver an efficient data center. And when we can deliver value through efficiency, economics, performance, time to value, that really sits well with our customers. So how's that translated into the market? Proof points, data that... Well, we feel, based on our customers and how they've allowed us to be for 20 years in a row, so 80 quarters, number one in servers for x86. That's IDC data? That's the IDC data, yeah. We just got those results this past week. We feel like... So 80 quarters? 80 quarters, yeah, 20 years. I think it's math, right? Yeah. That's, our teams feel very proud. And we see it as, for this company and for our customers, a foundational element of they trust us. They trust us to deliver servers that will build value for our customers and will build value for this company that then we can expand solution enablement and go beyond the data center into the edge, into the cloud. And so the ProLiant brand stands for a lot of great things, but it comes down to trust. And if we can continue to be innovating and deliver relevant technologies that deliver business outcomes, we'll continue to be 81, 82, 90, 100. We take that very personal. We want to be the champion quarter, after quarter, after quarter. And that drives a lot of passion in the development of these platforms, but as Kate said, you can only do that if you have a great understanding of what they're trying to achieve. Well, so that talks to the nature of your relationship. I mean, it's obviously not just one of technologists to technologists or salesperson to buyer. I mean, Jeffrey has spoken a number of times at this conference, you know, you're here as one who's involved in communications and alliances, which is somewhat unique as it relates to a customer and a vendor's relationship. So two questions, two part question. What do you look for in a vendor and a supplier and what is the nature of that relationship? It's obviously more than what I described. It is, I think that the most important thing about our alliance with Hewlett-Packard is that it's founded in innovation. It's founded in engineering. And what we're interested in is sort of a twofold thing. I mentioned earlier that they listened to us. So there are times in which we have investments in our own technology that we want to accelerate. We want to actually get those into the hands of the artist faster. And so we'll work with them on their roadmaps for their underlying core technologies so that we can actually accelerate our own R&D investment. But equally important to that, they're innovating in ways we're not even thinking about. Few years back, we got in the next generation of ProLiant servers as we typically will do in a refresh process, right? Very standard, except that it wasn't standard because simply one generation removed and these new servers were 40% faster. Okay, that's impressive, but not as impressive as this. And took 40% less power. 40% less power in Southern California is like winning the lottery. I mean, that's where innovation with Hewlett-Packard is so meaningful because we didn't put that on a roadmap. We didn't ask for that. We didn't prioritize it. They simply know that customers that can spend less on their utilities can actually then focus on innovation and their end product. What are some of the transformative things that are going on inside of DreamWorks? I mean, you hear a lot about IoT, you hear a lot about big data. What are some of the things that are changing your business? I think that one of the most interesting things that's changing our business is, I mentioned that we've re-architected our whole platform to take advantage of scalable multicore. And what that really means is that all of our platform and all of our proprietary applications can really access all of the compute power within our servers. We didn't used to be that way. We used to be much more restrained. We bring up big data, half a billion files per movie. One of the interesting things is historically, we often dealt with sort of a brute force approach. If we had an issue with a render and we didn't understand what was going on with it, we'd add more servers in order to take care of that. That worked really well for that one idea, but something else would get left behind. We're currently now using Vertica to go in and do an entire data analytics pass on every shot that we render, and that information is sent to the producers the next morning so that they can actually get a report out of Vertica that tells them exactly what's happening with every element of every single one of those shots and whether or not there's an issue. Here's the thing about that. We fully utilize all the cores that we have, but more importantly, we don't lose wall clock time. It's the one thing you can't add back into your schedule. It's more time. So that's an interesting use case.  When you do that type of testing, you're doing it within an experienced base of experts, right? It's not like you can AB test for every consumer. And is that a right, the correct characterization that you're essentially getting it into the hands of the experts quickly and then saying, okay, no, do this, don't do that. That's exactly right. We're actually directly enabling the producers on our films to make day and hourly decisions on what they're going to prioritize within their moviemaking in order to optimize their artist time and our digital resources. We've never had that kind of information before. And without a solution like Vertica and without a converged infrastructure solution with the ProLiant blades, we simply wouldn't be able to do it. It's too much data. And so that type of innovation is actually putting the power right back where you want it, which is with the artists and with the producers on the film. You don't have to have a middleman. It's completely configured directly for what our business needs. All right, we got to wrap, Tim. I'll give you the last word. Okay. The theme here is innovation, HPE Discover 16. What's the bumper sticker leaving the building from Vegas this year? These are exciting times. Having customers like DreamWorks drives our passion. And it wants us to get back in the labs with our customers in mind and develop that innovation. And if we can do that, we're going to continue to win. Like I said, it's got to be 81, 82, 83, infinite leadership. That's what we want to do. All right. Okay, Tim, thanks very much for coming to theCUBE. theCUBE bringing you the exciting innovations from HPE Discover 16. We'll be right back right after this short break.


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So, this video was going to be about fentanyl and anesthesia. We can all remember the drug wars of the 1980s. The epidemic spread across the country and ruined cities, communities, and people. This was a horrible time in America, and urban communities were hit particularly hard. No one member of the family unit was untouched from the father down to the newborn. Families were torn apart for the want of a quick high or buck, but this video will not focus on the horrors of the abuse of the drug or the effects it had on the family. This is more than documented. In this video, I want to focus instead on the powerful nature of the drug and how it has become a drug of addiction. As an anesthesiologist, I work with the drug fentanyl pretty much every day, and so I become an expert in the way the drug works and the great uses the drugs can have. In the early 1960s, with the rise of the awareness of different types of cancers and the pain that was witnessed by doctors and healthcare professionals alike, a new, stronger form of anesthetic was born to combat the extreme pain patients had to endure. Sometimes in their final days, fentanyl is classified by the FDA as an opioid agonist because of the mechanism of action. What this means in later is that the chemical structure and composition of the drug allows it to block pain receptors. Its structures allow for more efficiency than the others in the class of drugs such as morphine and oxycodone. It is more potent and works by binding the body's opioid receptors found in the central nervous system that control pain and emotions. This can create an addiction to the drug because it desensitizes the feeling of pain as we perceive it. In anesthesia, we use fentanyl for many different types of procedures. For example, during labor and delivery, chronic pain management, general anesthesia, and sedation, fentanyl can be given in conjunction with other drugs such as propofol to form a sedative hypnotic cocktail. What this does is prolong the effectiveness of both drugs for the patient. So when a patient is put to sleep for a surgical procedure, it is very common to maintain the state of sleep by giving both medications in conjunction with others. During childbirth, fentanyl is used in epidurals and spinal injections. It can prolong the effect of the epidural and expedite the onset of pain relief for the delivering mother. In pain management of patients who may be experiencing chronic pain from cancer treatment, fentanyl is used as a long term pain reliever. So as we've learned about fentanyl, we've seen that it's a great drug when used appropriately, healthcare officials, and we've seen the devastating effects it can have when abused and used as a drug of addiction. However, in this video, my goal was to discuss the way fentanyl works and also describe how it's so essential for the safe delivery of anesthesia. If you have any comments or questions about the drug fentanyl, please comment below with any other questions you might have about this topic, and I'll see you in the next video.


So, if you remember when developing new technology, any time an engineer develops new technology, they have to kind of go through that engineering design process, and if you look at your paper at the very top of that, you see I kind of have that boxed off, the engineering design process. And so the first step, kind of like the scientific method that we go through, is the first step is you have to identify a problem, and then after that, once you identify a problem or a need or something like that, then you design a solution. That's what engineers do. They design solutions. So, looking at the second step there, you see it boxed off on your paper? Then what do they do? Evaluate results. And every single lab, or most labs that we've done in here, when we've built something, when we've made something in class, and we go through the scientific method, man, we go and we evaluate our results, right? And that's kind of part of the scientific method too. So they're very similar. Engineering design process, scientific method, they have some similar, some similar steps too. Primarily direct instruction is, I try to use it very little, and obviously there are going to be times when I have to lecture. But I try to use those times to model a lot of what I want the students to do. If you remember, on Friday, if you were here, we sketched a model drawing of what you thought, what you kind of thought a balloon jousting balloon should look like. So, when we joust these balloons, we're going to go through the engineering design process. Now, can I borrow you, Alex, one more time? For the active instruction, I start off with modeling, and I try to scaffold that into the active where I give them just enough information a lot of times, especially with labs. Alex and I are jousting, if you remember the balloon rockets, we weren't competing against another balloon, we were just on a string with our little straw piece. And as we have potential energy filled up into the balloon right here, when we release that kinetic energy, which is energy in motion, travels, travels, travels, boom, boom, boom, boom. Here's where the jousting part comes in, and this is where the big challenge is going to take place. Okay, so we have these bamboo skewers, and so Friday, if you remember, we kind of drew a sketch of where would the best placement of these go if we were trying to battle against another balloon. I try to give them just enough information to get them started, and I want them to try to work through some of the struggles of the lesson. I want them to explore some different possibilities to get to a solution throughout the class. Maybe you're going to move the straw back. I try to use that time to let the students self-reflect throughout the lesson. Remember, you're testing with the straw first, testing with the straw first. No bamboo skewers yet, so you've had success how many times? Three times. They're labs. They're active instruction. Students are able to get immediate results. Good? Oh, that's crazy. Balloons are crazy, aren't they, Matty?  Good. You got it? Matty, you're ready to roll. Find your stream. They're able to get the results and evaluate those results. As you see what happened, do you think you need to move your straw, or do you just think you just got caught and just got unlucky that one time? And so, as you saw in today's lesson, they took that evaluation of their work and their effort to go back and make modifications to that. You learn from your mistakes and learn it. That's exactly right, Noah. Good job, buddy. All right, Gracie, it's your turn. It's definitely okay to make mistakes and to learn from those and to grow from those and to make their work much better than it would have been had they not had that opportunity to self-assess throughout the lessons. I try to put as much on the students to use that self-assessment more so than me just showing them, here's the solution for that. I want them to explore, and that's the joy of teaching science, you know, to get them to explore. The work products that I enjoy using for the students are the ones where they are responsible for the majority of the work. I like to get them started, and so today's lesson, I started them out with a question slash problem, which is the first step of the scientific method. You know, you always start off with a question or a problem, and then when you get to the hypothesis, the students then can start to internalize, can I make this work? That process, that thinking process or thought process begins to take place, and so they begin to kind of assess themselves to see if this is something that they feel confident in doing or not. All right, so what do you think happened? So what do you think happened? Why did it not go down? The straw, maybe in the wrong place, I think? Maybe the thrust is not pushing it, even with... That's right, that's right, good job, good job. All right, so again, just like an engineer, man, just go back to that step two, redesign. But it's interesting to see the finished products that students come up with and the solutions of how they solved certain problems, you know, in class and how they came up with that solution. They received help from a partner, a lab partner. Sometimes they solve it on their own, sometimes they need a little bit of guidance along the way, but the finished product that I enjoy using are products that are mainly self-driven by the students. Ready? One, two, three, race!  About eight feet.


Going on everyone Sam here with late sports car dripping 2022-23, but any prism basketball choice 10 box break number six tiered random team style There's a look again at your random results as always you can find those on the website under the results tab As well as the link that's currently in chat. So good luck everyone. Thanks for being patient. Let's get into it Go to you. It should be pretty much right on time. I would think after this again 10 box Tuesday coming up now Thanks again guys for getting that sold on out. I appreciate it very much We've also got football to sell out now. That's at 15 to go as well as our flawless 21 flawless collegiate left-side serial numbers Here we go Silver Marcus smart silver Malik monk. It's gonna be Kenneth ballton jr. Nice one there red scope auto Rookie it for the Grizzlies. We've got our exclusives now cam Thomas Wendell Carter jr. And Jaden ivy nice one there some poison ivy action got lake Wesley to 88 on the red scope rookie For the spurs and Jimmy Butler to 88 red scope for the heat I guess just autos and I'll just tell you I guess green scopes the ones that ate box to have so funny Master din witty Nicolae Yovitch silver rookie for the heat We've got nice second year Evan Mobley signatures for the Cavaliers Grats on that there cabs another spot came in for football. We're down to 14 guys 14 spots left in 10 box Tuesday football again. There's a box of 2018 national treasures Carousel Burt Terry Rose here Oh got three numbered cars in this one on Yucca Kong Wu five of 20 big double low There you go Hawks down in Mitchell blue to 49 this year. Yeah 49 The cabs and Jordan Clarkson to 88 for the jazz nice ones there Again guys, we are running a full sellout promo tonight as well So at the end once all group breaks are over before we go into personals We'll do the random for the full sellout promo that is gonna be anybody if you as long as you buy any spot Any amount of spots everybody is going to be entered into a random for five winners to win $200 of break credit each Top five top five each get $200 of break credit. You can win more than once You can win theoretically all five times if you have five spots Mike Conley at Dominique Wilkins. There's Walker Kessler on the Red Scope Rookie Auto for the jazz nice one there jazz Got Damian Lillard Paul George Dirk Nowitzki Red Scope a let's say at Pokashevsky and nice blue scope Jaden Ivy 12 of 49 there you go Pistons E&C with the Pistons I can make this one I'd say another two spots coming in for at left side serial numbers. Thank you. There's Simon That's now down to 11 and 15 I believe 11 15 on those as well as 14 on 10 box Tuesday football Oh Jalen Suggs, there's Willie Green Nice one there Willie Green For the Sixers. I gotta tell you about that tweet. I saw there's Quentin Grimes Bradley Biel Gary Payton all on the exclusives Blue Scope Tim Duncan to 49 Spurs, they're Duncan and Scotty Pippin jr. To 88 on the Red Scope rookie at the Blakers So there was this it was like basically like a quote or like it was like a someone tweeted like an article and it was like a Description it said like AI set to replace 300 million jobs in the next whatever years And then someone quoted it would just like a picture of Alan Iverson. It just goes why why is he doing? It's like a picture of Alan Iverson just like sitting in like court side at like a basketball game It's so good So good Josh geek Tim Duncan, there's Alondes Williams rookie auto for the Nets for the Nets. We've got James Weisman Tiger Stripe Darius Garland nice one there for the Cavs. That's Cleveland ENC Very nice Zion Williamson as well Purple to 20 Jamal Murray at his 12 of 20 The Nuggets and Jalen Williams 60 of 88 Red Scope for the Thunder nice one there gauge with the Thunder Congrats gauge Very nice. You could throw the Jalen in the recap All right few more boxes to go here. It's pulling Nebula Calvin Murphy for the Rockets nice one there Red Scope on the throwback auto Calvin Murphy signatures Exclusive Gary Trent Jr. for the Raptors PJ Washington Hornets and another Jalen Williams nice one there for the Thunder We've got Red Scope to 88 Fred Van Vleet and Dyson Daniels Red Scope to 88 rookie it for the Pelicans That's the Pelicans on that one Jeremy Sohan silver rookie Auto Jalen Williams, that's at J. Will J. A. Y. Lynn Williams There you go Congrats on that Thunder Picking that one up the other Jalen Williams Chris Duarte will Barton Another three numbered cards here EJ Liddell to 20 on the purple scope rookie could throw this one Marcus Morris senior to 49 blue scope for the Clippers and Red Scope LeBron five of 88 one-off Jersey number there you go Lakers Eric W Alden Johnson Peyton Watson three of eight green scope rookie auto for the Nuggets Congrats on that Denver going to Sam. Eh, there you go Sam First name mojo there Jared Allen got another Tiger Strive to Mall Murray going to the Nuggets Congrats Denver Double-dipping for Sam on that one. There's Malachi Branham exclusive blue scope Austin Rivers to 49 and Red Scope Jada McDaniels to 88 both of those were for the If you have it you could throw the Tiger Stripes And sold out on our next break 10 bucks Tuesday basketball. Thanks again everybody. Oh, so awesome Wendell Moore silver rookie It's gonna be auto IO to soon move Yeah, I got you Andy. Let me just finish this break Andy and then I'll explain it to you once this is over I would assume you second year Yeah, I got you I and it's I get it. I get it a hundred percent Austin Rivers There's John Collins nice Jaden Hardy on the exclusive as well That is Aaron Wiggins to 88 second-year Red Scope and Jamal Murray to one of 20 Nice ones there for the Nuggets Yeah, once like I said once we once I get this break over I'll explain all the rules, too It's a little it's pretty it's easy to explain like verbally It's kind of hard to explain and writing some degree Chris Paul kind of flopped in junior silver There's Udoka as a bouquet for the jazz sensational signatures and 448 feet for judge There's Pokhachev ski Duncan Robinson. We got a green scope TJ Warren the bubble goat One of eight nice one there Jersey numbered grads on that Nets Chris Mullen to 88 for the Warriors and RJ Hampton to 88 for the magic All right, let's do a quick recap here everybody Thanks, sir. We had autos Udoka as a bouquet. I would assume a green scope Peyton Watson eight Jalen Williams Calvin Murphy Hollande's Williams Willie Green Walker Kessler Evan Mobley Jalen Williams 88 EJ Liddell to 20 Tiger Stripe There is Garland and Jamal Murray nice ones there That's green scope TJ warned eight and Jaden Ivy blue two at 49 for the pistons. I'll do it for the break guys Thanks again for the fill up next Xbox Tuesday at basketball


And as we're here today at Hadoop World, very similarly, we've been introducing networking capabilities that actually integrate with the HDFS file system, which is really the first topology aware file system out there, which is one of the things that makes it really cool. It distributes data and protects it by being topology aware. And then it distributes the jobs to where the data is. And if you know the underlying topology, the infrastructure works better. If you want to break a Hadoop topology in a heartbeat, mess up the rack locality file. You know, mess up the rack locality section. You'll get things in the wrong place. You'll think your data is protected. It's not.  So if we can automatically keep it coherent, what we end up having is a better performing infrastructure but it's applications coming together with the network. We talked about this at VMworld slightly. We didn't really do a drill down on it, but since we're at Hadoop World, this new configuration, as you mentioned, topology aware is key. But people are talking about software. They're talking about software. There is kind of a software revolution going on in the networking space. You see OpenFlow getting some traction. It's been around for a few years. You talked a little bit about some of the secret sauce you have, but what people don't talk about the network is really moving data around. That's a key component. And sometimes data's sizes are big. Sometimes they are certainly growing. What are the dynamics in moving across the network? Because with Hadoop, compute kind of goes away. Storage kind of goes away. That hardware layer kind of becomes not irrelevant, but it's still not a bottleneck like it used to be. What's the issues at the network level? Well, the first piece is, and I think you described it well, is when you roll out Hadoop, the model you use to deploy it is markedly different than what people are used to. This isn't buying big iron enterprise storage systems and saying, now let's load it up with 10 petabytes. And now in those worlds, you have to move the data off of the storage across a network, which as a network guy is a good thing, to a set of compute nodes, process it, determine your result, and then either discard or push the data back. The Hadoop model is distribute the data across a large number of nodes and then make replicas of it to keep it, data protection is through increasing the number of replicas you have and distributing them the right place. Well, you have to know what the topology is to do that. Hadoop is a layer three aware file system. You can route it. So every switch at the top of every cabinet is actually routing, which is brilliant. The network guys get excited by that. I can actually route that stuff. I mean, I'm sorry, but do you know how many companies chased this, let's build big, flat, layer two networks because it will be easier. Yet the application world through VXLAN and VMware and through HDFS with Hadoop got rid of the need for that. And so we come back to what are the network architectures that built the internet? Or the network architectures the largest search firms, the largest networks the world run on. It's all based on putting routers in the right place. And we're able to do that with Hadoop, which was large scalable, but also cost effective and reliable infrastructures. So Jay Shree said, sorry, John. So Jay Shree at VMworld said that virtualization requires fat and flat networks, right? So Hadoop requires just flat networks. Not even flat. Just fat or neither. Thin and. What it requires. Any network. It requires networks. It requires a network. But you know. On any kind. Yes and no. So what's different? What it requires, it's a topology aware file system. It requires a network that's Hadoop aware. That means the network needs to know and integrate with that topology construction. If I don't know where the servers are connected, I might think that you guys own different switches. So I'm going to give you a copy of the data and I'm going to give you a copy of the data, John. And then when the switch supporting Dave fails, well, if you were on separate ones, it would work. But if the same switch supported both of you, if it went down, you just lost data. Your jobs stopped. And until you get some advanced replacement or new component in, you cannot resume your data processing mining. And it's sequential too. It's a sequential model as well. So that's another point. And then you see applications like HBase coming in, running on top of Hadoop. And that says now let's take this Hadoop model and now let's put a real time transactional 24-7-365 system on top of it. And it's a lot of data too. It's not just little data. It's a pounding data. I mean, we've been working with architectures with some customers putting between a third to almost a petabyte per cabinet. And then you look, it lets me put a hundred cabinets in. And so now we're talking 10 petabytes, 20 petabyte type of clusters. You can't lose.