The following is a presentation of TFNN. The TFNN Bull Bear Training Hour, every training day live at 10 a.m. Eastern. Call now toll-free at<PHONE_NUMBER> or internationally at<PHONE_NUMBER>. The TFNN Bull Bear Training Hour. Now, Tom Antt, Tommy O'Brien. Welcome folks, appreciate your garal and a problem with us out here. We have the Dow Industries down 57, Nasdaq up 2, S&Ps off 3. Gold, flat, $14.71 an ounce. You get silver up 5 cents, $17.05 an ounce. Light Sweet Crude off a buck 14. $55 was 90 cents. A barrel, notes and bonds. You get the 10-year up to tick-straight in 129.13, the 30-year up 12 at 159.05. King dollar, up 25 tick-straight in 90, 70, 20 euros at 110. Yen is at 108.58. And the pound is at 129 to 1 US dollar. And I heard you're doing that update. You had a fast market there, man. What happened at the opening bell, man? That S&P, man, that was a fast market. And we're talking about fast markets. That's right. We're talking Mr. Kevin Hicks and his team at TD Ameritrade Think a Swim. And don't forget folks, every trading day right here at TFNN, you want to understand options, option strategies, futures, outstanding program, 11 to 12 Eastern Standard Time. If you haven't test-driven the Think a Swim platform yet, you have everything to win and nothing to lose, folks. Bottom line, come over to our website at TFNN, hit the banner, bring it up. You can trade paper money with Kevin and his team each and every trading day. Kevin Hicks, what's going on? Good morning, Tom. Good morning, Tommy. I believe what this morning is teaching us is that in a retail environment that is showing a pretty strong U.S. consumer, guess what, there's still going to be winners and losers. Yeah. And in terms of cold. And in terms of Home Depot, I'm the rest of the world and say, these numbers from Home Depot weren't as bad as everyone thinks. I think there's a very emotional trade going on right now in Home Depot because the stock is at its all-time high. But I think these numbers still look pretty good in Home Depot. Gold? Not so much. Gold has got some problems figuring out where they belong in the whole retail idea. Yeah, you know what's amazing about, let's look at Home Depot, folks, and lows, okay? So, you know, I remember this specifically when the housing market has gone along, you know, as it has, meaning it's been bullish what, six, seven, eight years, whatever that is, right? It seems that Home Depot always gets the first leg up in this market because you have more contractors at Home Depot, you know, more wholesale, not wholesale, but in between wholesale and retail. I would say so. Lows might be a little bit more retail, customer versus Home Depot. It's more beautiful, exactly. And if you look at lows, you know, as Kevin, there's a great point there, Kevin, okay? Lows is only down to the whole 60 men, okay? Yeah. So it's not the sector, you know? Yeah.  And I never realized, I realized at the last cycle that Lows is not a Home Depot. You know, Lows is a, it would be like a target in a Walmart, I think, you know what I mean? It could be. It could be. They just have a, they have more retail stuff. I'm sure Lows would take issue with that type of classification. They would. That's right, Tommy. So would Marvin Ellison, the CEO of Lows, who's from Home Depot. Yeah. And trying to catch up with them. Right. So that's part of the real fun discussion we're going to have today because remember Lows is tomorrow morning. Yeah. Cool. So we're going to see, you know, Home Depot, you, I mean, there's a lot of case to be made for Home Depot.  Yeah. Well, the street was looking for 4.7% growth. I was like, wait a minute, 3.6% growth. How many retailers out there would take that number in a heartbeat? Oh. 3.6% growth in same store sales. But apparently that was disappointing for, right? And you know what investing means. That means you're putting money into the company that you hope to pay dividends later. Sure. And they're doing things like updating stores, updating the digital platform, improving the supply chain. All these things that hopefully are going to streamline and make this business better down the road. So I just don't see as much negative in Home Depot as some other people do. Yeah. And we were talking, it was a 3.1%, Kevin? 3.7, I believe. 3.6. Okay. Tom, Tom, he has the numbers up now. We're talking about 3.6 on 108 billion. Yeah. Yeah. The only thing I mentioned. That's pretty good. I was looking at that number and not being at least a little bit impressed. Now, here's the only thing, right? We got the three year growth on their revenue. 7.7, 7.26%. So if that's what's getting priced in, then the market's saying, hold on, we're at 3.6, 3.7%. That's a big number, man. They've been growing. Yeah. 2016, they were at $88 billion. 2020, they're coming in at $110. That's $22 billion in revenue on a yearly basis. They're going to add over four years from 2016 to 2020. Just staggering, man. And their earnings per share, they're up at about $10. And I don't know if you've heard the ads yet, right? The first ad I heard was two days ago, right? Home Depot, check this out, folks. Now has same day delivery for no cost. That's the word. Like, are you kidding me? That's like... Not on everything, but on a big list of items. They're even, even though I can't imagine a scenario how Home Depot can deliver most of the products that they have in Home Depot. Seriously. They're still doing it in some cases. Remember something, here's the last point I want to make when you think about Home Depot. This quarter and the quarter coming up, that's not their bread and butter. If you, Tom, and says, Dad, I bought you something for Christmas at Home Depot, you might be a little disappointed.  So this is not their sweet spot time of the year on the calendar. So I just think there's a lot of good in these numbers at Home Depot. I think, you know, the biggest problem is, and Walmart hit the same problem, guys. The socks at the all-time high. You can't disappoint on anything right now with socks at all-time highs. Yeah. And Sally... This number that's coming out in Lowe's, in fact, we just brought it up in the TD platform. What is that saying? So we got the Analyze tab up there in the Thinkorswim platform. $7.81, man. Oh, that's a big number, man. That is a big move. That one day expected move, Kevin, for Lowe's. It's only trading $1.14, man. You're talking about $7.80. That is a big move as the market. Six percent? Something like that, for sure. Maybe the market a little bit worried with Home Depot coming out and saying, whoa, whoa, what's going to happen tomorrow morning, man? Yeah. But you know what? All that does, it makes it more fun, right? Because now, if you think about it, you have to trade Lowe's... Yes. Right. Yeah. That's a beautiful thing.  Those multi-leg options. Right. Which is so cool because we're talking defined risk on all of these, okay? So before, you know, you move away from the computer, you know what your risk is. And, you know, that's always important. I'd say it's particularly important when you're at all-time highs. I mean, just look at Lowe's, right? I don't even have their earnings. Yesterday, we're at $1,680. You trade down to $1,1150 on the Home Depot number. You're back up to almost $1,1600 on the open. You're down to $1,1300 in... I mean, this is wild. I gotta love it. Right here, folks. 45 minutes from now. Kevin, you have a great day. Safe day. We look forward to the program. 45 minutes. Thanks for having me on, guys. Thanks, Kevin. Stay right there, folks. Tommy and I are coming right back. Our phone number is<PHONE_NUMBER>. We have the dial down to 48. S&P's off, too. Come right back. 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Toll free at 1-877-927-6648. Internationally at<PHONE_NUMBER>. Folks, Dow. Dow's down 44 Nasdaq's up 13. S&Ps are off 1. You get gold down $1.60. Can we go into the Dow? I just wanted to see what Home Depot is doing to the Dow. Because Home Depot, I heard earlier from an analyst, I think they're the fourth biggest because the price tag on Home Depot shares. It is a big one, right? If they would be adding or declining, and there you go, 83 points alone, without them, you'd have the Dow positive above 40. Yeah. Then you get Dow to Pond putting 8 negative, Big Mac putting 5, putting the positive, you got Visa up 13, Boeing 9. There's quite a story, man, today in the Wall Street Journal, it was about American Express. Okay. They're paying off AXP. Let's pull this up. One more time. It's just the opposite of years ago. It used to be so hard to get an American Express, to accept American Express cards, right?  But you could always get Visa or MasterCard pretty easy, right? If you were a merchant. If you were an American Express, sometimes it blocked you out. Okay. You know, you had to really have a great credit rate in order to get the American Express to accept it, right? Now, this article is about, is that they're trying to catch up because what American Express also had done, folks, okay? And it's changed. We've been taking it for years, but their rate was always like a percent and a quarter bigger than Visa or MasterCard because it's a separate deal, you know what I'm saying? You have a deal with Visa, MasterCard, and the banking unit, you have a separate deal with American Express. Sorry, their rate for who? The business or the consumer? The business. For you and I, when we're accepting an American Express card. Okay, we had to pay more? We had to pay more. We had to pay more on the transaction. Like what ends up happening, let's say the transaction of Visa or MasterCard is two and a half percent. Okay, so it'd be two and a half percent on Visa and MasterCard and then what? Three and a half. Okay. Now, this article is about, they're trying to catch up and they're paying a lot of large companies, payments from 10,000 to 450,000 to take the American Express card. Isn't that wild? Yeah, I mean, I guess it depends on what you're talking about.  Totally. You're talking about, you know, your quickie mart on the corner, you're not going to be paying them as much, but this is a number that stood out to me. In 2018, Visa and MasterCard accepted at some 1.3 million more U.S. locations than AmEx, which had 10.3. So it's, you know, that's a 10% number, man. If AmEx had 10.3, then you have Visa and MasterCard at what is that, 11.6 locations. In 2016, AmEx said it would close the gap by the end of the year. Since then, annual dollar targets for its internal sales, people signing up. New merchants have increased at a double digit pace according to current form of employees. Pretty interesting. It is. And, you know, America Express has been very good at getting young college students and, you know, folks your age onto that platform. And that's because they've changed dramatically. I see no difference in AmEx versus a Visa versus a MasterCard. You know, anybody, not anybody, but I'm sure, you know, they're pretty similar these days. So if they're pretty similar, then why would you get an AmEx if you can't use it everywhere? For sure. If it's not a better deal for, you know, I think it used to come with better rewards as well, maybe a better something for the consumer. Because why would you get it as a consumer if it's used at less places? If you have an equal deal. Like as in why wouldn't you use a Visa, right? Right. If Visa's accepted everywhere. And why would you use an AmEx? Right. If it's accepted not as many places. There has to be an advantage to that. That's right.  Yes, yeah. They went from a card that basically you pay it off every month. Right. You know, versus just like the same with the other weather ones that now bottom line, no one pays it off. And, you know, not, I understand. But the differential is pretty amazing. And that was part of the difference, right? Yes. But I think it did. It came with greater rewards, you know. Oh, yeah. And whether you got your lounge at the airport. You're going to get an American Express. I got a gold, I got a platinum. Sure. You know, people would go for those. Definitely. Some of the higher volume equities out here today. Yeah, Chesapeake Energy just keeps that $0.59 now. They're going to put that out of its misery. You get Macy's down $1.50. That's down 10%. Roku with, again, some volatility, man. They're down dramatically. That stock just continues to rock and roll both ways. Yeah. And Uber technology, I heard he sold, they sell all she has now. No, only about a third. It sounds dramatic, but he's a third. How much money is that? Almost a billion dollars. $882 million. That's pretty amazing, man. Well, let's click on it because it's interesting how this goes. So it continues to shrink his holding. The Uber former CEO and co-founder. So 6.1 million shares since Thursday for 171 million. And that offloads 33 million shares so far, $882 million. That represents about a third of the stake. Let's see. So, and of course, we're all familiar if you've been following. The lockup period ended. Stocks has slumped 40% since the IPO. And he was ousted two years ago. You know, so he's created another fund. Yeah. And that's what he's talking about. That he's going into. You know what he's doing. Now, this is so intriguing, folks. And he's got the Saudi fund behind him. I believe it's iCloud. And with iCloud Kitchen, it's iCloud Kitchen. And what is he going to do? He's opening, yeah, there it is, Cloud Kitchens. And what it is, is that in major cities, you open huge warehouse, basically. You have 15 different kitchens inside it, definitely just to food delivery. Food delivery. That's it. You know what I mean? Uber Eats, he has a background in how that world is going and changing. Totally. He's worth $3.4 billion. A lot of that tied up still in Uber, though, to put things in context. I said, do you have the break? It's not like a CEO. He probably has some animosity towards the company that ousted him. Why would you keep your entire net worth in a company that told you to take a hike? Right. You know, it's not as if he's the CEO in control. That would be a dramatic story if he was still the CEO and he was selling these shares. Right. Very different. I mean, he did not leave voluntarily. He was ousted from that company. So I wouldn't, he'd too much into it, but if anybody has an idea of what Uber's going to do long term, he would be one of the best. And so taking that money out, but I often say, you know, why would you not diversify yourself with that kind of wealth? Yeah. Especially if you have no control over the company that it's all invested in. And even when Bill Gates was divesting out of Microsoft. Now, Microsoft ended up being a great story that keeps going up and up and up. Sure. But the reality, that would be the proper thing to do. Risk versus reward. Yeah. And I mean, Gates was chairman of that company for a long time after he was CEO, though. So it's not a familiar, and there's no animosity when he makes the choice to leave versus getting ousted from the own company before it even goes public. No doubt. That's a tough spot. No doubt. Let's go take a look at the bond market. So this just refuses to back off. And this is with, you know, the markets at all-time highs, folks, okay? So, you know, it's unusual, but it is what it is. You know, you get the 30-year-up, nine ticks out here. You got inside the range. And we'll see whether you're going to get another sign of strength. You know, that's... And what is unusual there when you say markets at all-time highs in the blue that the... Most times, if markets that are all-time highs, they're selling the bond market because it's like there's so much more money in the stock market, basically. You know what I mean? Okay. I just wanted to walk through. Yep. And it's like, okay. Sure. You know, let's... Oh, yeah? It's there. You know what I mean? There's no doubt about it. You know, there's a story over there if you can find it. Sure. Where are we going? Well, it's the guys who went to school with Warby Parker. Warby Parker? Yeah. Okay. They bought something at $441 million or something. Yeah. Maybe we can find it. We will find it on the way back. This is a pretty cool story.  All they started their company and got the one, right? Yeah. Okay. We'll pull it up. I did. Dow. Dow down on 52. NASDAQ up 13. S&P's up one and a half. They're right there, folks. Tommy and I come right back. Hi, folks. Tom O'Brien here. If you'd like to get my daily newsletter and market insights, then now is a great time to sign up for a 30-day free trial. Every morning by 9.30, I send out my morning letter to subscribers with market commentary on a variety of markets, currencies, and commodities to keep investors up to date on the day's trading action. Included in market insights are specific buy-and-sell recommendations for stocks, ETFs, and even options, which stops and price targets included for every trade in my newsletter. If you'd like to try my newsletter risk-free for 30 days, then head over to the front page of TFNN, and you'll find market insights under Trading Newsletters. I use my years of trading experience to bisect and dissect the market every morning, and give my subscribers the most important information they need to know for the day ahead. I even issue afternoon updates for my subscribers whenever warranted with important market action. 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We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the art of timing the trade charts today by visiting TFNN.com. Welcome back, folks. Yeah, so this is quite a success story. I mean, it is. And to jump around, so I was fortunate, man. I went to a great high school right around Boston. Nolan Greeno will give them a plug. Nobles, dead amass. And Jeff Rader, he was a year under Miami Leaf, played football with them. So he's going on to have quite a successful story, man. So Warby Parker, one of the first companies. And also, we'll bring it over as well because if you're familiar with the shaving revolution, right, Harry's will give them a plug as well. And there is Jeff Rader who went to school. So he is now at the helm, I believe, of Harry's or a co-founder of that company. You have Jeff Rader and Andy Katz. But then you back things over. And there he is as well. So pretty remarkable the stories had going on for some serious success, man. Seriously. And now they're getting into... That's into... Contacts, right? Yeah, contacts. So they made their money in frames, right? Yep. And they've really been... They first, to put it in, they made their money in frames online. Right.   Seriously. And so they started making stylish frames available online. Very trendy. And then they kind of worked that into having some retail presence. Yeah. I believe they have a place in Tampa, across the Tampa as well. The stores are beautiful. And as they say, the staircase at Warby Parker's library-like headquarters. And that's, I think, familiar to what their retail presence usually is like. It's quite a presence they put together in New York. So to tell employees about the IWARE Retailer's future, there have been some modest milestones to celebrate, including a new collection of frames handcrafted in Italy in the store opening in the King of Pressure Shopping Mall outside of Philadelphia, where I happened to reside my senior year near Villanova. The big reveal was on Gilboa's face, or rather, it was in his eyeballs. So today, November 19th, company plans to unveil Scout, a line of daily contact lenses. First time Warby Parker retail, whose $95 tortoise shell frames are ubiquitous in co-working spaces and third wave coffee shops. Has expanded beyond eyeglasses since Gilboa, and co-chief executive Neil Blumenthal started the company almost a decade ago. So at $440 for a year's supply, the lenses will be slightly cheaper than many daily contacts, but will be sold with what Warby says will be a much improved ordering process. And I think that's where, you know, really things came in. That's expensive. It is. If it's slightly less, you know, it's all perspective, I guess. If it's less than what you're going to be spending. And the ordering process. That's why I mentioned, you know, the online deal. They just didn't create glasses, right? They did it online. They kind of changed the ease of which you could just go on, click buttons, get those glasses. So, yeah, one of several events. 2000 employees appropriately excited for the product that seems impossible to get excited about. This feels orders of magnitude larger than everything that we've done while they're cheerleading, for sure. From the branding to it being entirely new product category, they're saying. Yeah, that's quite... The next line is pretty cool. If anyone could make contact lenses cool, it would be Warby Parker. And, you know, that's why I mentioned the fact of their stores and all that stuff.  Oh, yeah. Big time. You know, yeah, it's, yeah. Frames, people, I mean, it's amazing how many different frames there are. And they're all plastic. I was just showing Tommy, if I didn't have insurance, frames like 400 bucks. That is the truth. It's like, kid me. That is the truth.<PHONE_NUMBER>. Let's go overseas and take a look. So, you know, last night, it looks like the Hong Kong, most of the kids that are in there now, they either got them out. There's like 50 left in there, right? I'm not sure. I know that a lot had been arrested as in walking out voluntarily, thankfully. If they are 18 or older, I believe, they're being arrested. If they're under that age, they are not. Not sure what exactly is happening, but they are not being arrested, thankfully. I think that would, you know, when you're talking about children underage in terms of, you know, being arrested, especially being arrested in China, where you might say bye-bye to freedom for a while. Yeah. So, you had the Hang Sangs. Yeah. It reacted. Bottom line went up 412 bucks. Yeah. You know, it had volume behind the move, too. So, we'll see whether that's going to shake up. I mean, you look at that chart, you wouldn't know what's going on over there. No, you wouldn't. For the type of, I mean, I saw a video last night just online of a police van pulling up, and I chuckled because it was just so tantalizing. And it was hit with one of those fire bombs. And the whole thing blew up. And hopefully, the people in that police van were okay, because it was just engulfed in flames. The police van had to back up. That's where you really get worried, man, in terms of the escalation that could advance. Totally. Totally. Yeah. Let's go take a look at a few of the gold equities. We'll go look at the GDX out here. So, bottom line gold's kind of in a consolidation. You know, we had, we got some good volume yesterday. You're going to see this, you know, it wasn't a lot of price movement. We had 2674 to 2721. Not bad. But you can see that expansion, 49 million, which is not bad. So, if we get another expansion today, and what does happen with the GDX folks, it's the last trade of the day, can almost be a quarter of the volume inside it, because that's the, in this case, I think it's Vector's State Street. They're basically keeping the, it's a VanEck vectors, in order to keep the net asset value correct. You know, so they throw a huge amount of volume in at the end of the day, particularly if you get a big day up or down. Okay, that's when it really gets wild. So, we'll see where that shakes out. If we actually look at the gold market, that's down a buck and a half right now. You get a sideways move out here. You had some, you had a rejection of lower price out there yesterday. We go to the pound, we look at the pound. We'll be talking about the pound pretty soon, man. Yeah. I don't want to push time ahead, but, you know. And I think we're getting, there's a debate going on over there between Corbin and Johnson, I believe, at 9 p.m. England or maybe 8 p.m. England, I believe is 3 p.m. our time. Oh, cool. There will be a debate between the two of them. And I guess that's a little bit extra special because just like over here, there's more than two people running. So this will be actually the debate where it's only the two of them running. Okay. But what's also interesting is that it's not like over here where you're voting for a president. Over there, you're voting for your local MP. I know. And then you vote for the local MP, whoever gets the most MPs, that's who wins. So it's really interesting where over here, if you were voting for the House members. Right. And then whoever got the most House members, that's who decided the president. That would be a correlating way to how things get decided over there. So even if that debate shakes out one way or the other, it would seem that it should matter who your local MP is that you're electing because you can have varying degrees of extreme and more moderate that still might fall on one side of the aisle or the other. Just like you do here. There's no doubt, man. There's no doubt. Let's go take a look at that yen. So the yen is teetering right again at this 109 area, which if you're a bull in the gold market, you don't want it nearest. I guess 108.55. This 109.29. That's the number I do not want that to go over. All right. We'll talk to our man, Teddy Cakes, that tomorrow at this time. Yeah. Seriously, man. So what has happened, the euro looks like it's set up to get to a higher price. The euro right now, it's kind of laying there at 110. But I think 112 is the top of the consolidation, not really consolidation, but that's the last swing high. I mean, the market is optimistic of how things will go. Is it December 14th, December 12th? We'll have to get that number for that election. But it seems like the market, euro, pound as well, pretty much okay. I do. I think that they just want an answer to the market. I agree. Any, you know, most people will say in any market, right? Uncertainty. That's the biggest deal with the trade deal. You just got something done. You could get over the hump of whatever turmoil you have to get over and look forward to the future. As long as there's uncertainty, I mean, you see it with Boeing, right? While this is all is out there. We'll talk about that, maybe, you know, before the end of the show. But the uncertainty is just, when you can't price in a risk, the market hates that. Right. So I'm gonna just hit the Dow, too. Look at that. Dow's down 71, Nasdaq's up to 12, and he's off two. It's there at the folks timing and I come right back. If you're in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. 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That's TFNN.com then hit Watch Tiger TV for the latest market information. Welcome back folks and we get our man Mr. Basil Chapman. He's going to be riding that wave tonight with all his subscribers. He's going to be doing a workshop tonight folks. He's going to be doing an instant stand to time. You can be a subscriber really easy to not only get his great newsletter, that'll get you into the subscriber event tonight. Just come over to our website at TFNN. You'll see the opening call and the featured content. You just hit Subscribe. You can get it from month, six months or a year. You'll be in this workshop tonight. Great workshop. He always does great workshops. And it's pretty cool. We're literally at all-time highs, man. Basil deals in peaks. Peak, A, B, C, D, E, F. We might as well, man. He's really dangerous. Basil taking subscriber feedback. It's always great when those are the people following along on his newsletter more closely than anybody else obviously. He's been taking feedback by request. Subscribers are just talking about Basil. Could you kind of walk us through how you're picking these stocks?  He's going to be talking about the Chapman wave notation. Moving averages. He talks about divergence all the time. He talks about formations, rhythm of price movement, and of course, sectors and stocks to watch. Keep them on your radar with what are we at? Five weeks, six weeks left in the calendar year. Coming into 2020. I'll be interested, Basil talks about cycles, rotation. Basil talks about as well. I'm interested to hear what he has to say about the rotation, whether that will be something that plays into next year. And yeah, that's going to be live tonight. Basil always does a great job for subscribers and new subscribers, 30-day money back guarantee for all new subscribers. And so I encourage everybody, great day to sign up. You also gain access to the archives. You can really, I mean, for 30 days with a money back guarantee you get the five archives, you get the 90-minute webinar, you get his Chapman wave notation, you get the trades he made last year, what he was talking about, how he made those trades and they've been great winners, 15 to 30%. And those were the numbers when Basil three weeks ago, the market's moved since then, man. I wonder if there's still 15 to 30 or if there are even bigger numbers in there as well. And what happens, folks, which is pretty cool, I mean, if you happen to be doing something for five to six 30 sometimes tonight, the program's archived. So you can listen to it many times if you want. That's right, it'll be up there at least by tomorrow morning, midday and you can access as many times as you want right on your account page, right on that subscriber section. So check it out, 90 minutes Basil always does a great job, always prepared and does a great workshop for subscribers. I'm looking forward to it. So I like this story, man. You brought it up. Let's get into it. This is pretty intense. You talk about corporate governance issues, man. So we got the chairman of the SEC basically touting automailer emails to rationalize taking power away from smaller shareholders. That's what I took away from this article as you took it. So you have the SEC chairman, Jay Clayton, handed a policy win to corporate executives this month. He pointed to a surprising source of support. A mailbag full of encouragement from ordinary Americans. Well, that sounds innocent enough. I like to think that if you mail somebody who's in charge of government something that everybody can have a say, right? Well, you know what? It's unfortunate that so often it's corporate America and the elected officials who are supposed to have Americans best interest at heart. So to hear Clayton tell it, these folks are really focused on the intricacies of the corporate shareholder voting process. Some of the letters that struck me the most came from long-term main street investors including an army veteran, a marine veteran, police officer, retired teacher, public servant, single mom, retirees. He hit all of those hot topics, man. They always push the same guy. I mean, it's always the police, the veterans. It's the same guy. And you know what? It's a bunch of BS because it doesn't even hold water when the fact that this is not a high-level investigation you had to do. So let's take a close look at the seven of the letters and about two dozen others submitted to the SEC by supposedly regular people show they're a product of a misleading and laughably clumsy. That's the real key. It wasn't even in depth, okay? This was obvious to anybody. I'm sure he knew it. Check out that face. Good man, yeah, right. Public relations campaigned by corporate interest. Yeah, so the retired teacher, Pauline Yee, said she never wrote a letter, although her signature was hers. Military vets turns out they're the brother and cousin of the chairman of the Associates, a Virginia-based advocacy group paid by corporate supporters of the SEC initiative. That single mom, data embedded in the electronically submitted letter says someone at 60-plus wrote it. The retired couple, their son-in-law, runs 60-plus. I never wrote the letter, said one of the retirees, reached by phone. What's this all about? Then there's the public servant, Clay mentioned. Mary Read's letter has sharp words for proxy advisors, firms, the council, phone companies on how to vote and get shareholder meetings. But when reached by phone, the retired state worker said she wasn't familiar with the term. She said the letter originated with a public affairs firm that contacted her out of the blue. They wrote it and I allowed them to use my name after I read it. She said, I didn't go digging into all of this. Unbelievable, right? It really is, man. So the SEC declined to comment, yeah. Of course they did. And so it goes even the casual, this is where really even a casual reading of the letters shows something amiss. Four of the seven bear the same unusual letter and out of context phrase inserted into the SEC's mailing address. The same mistake turns up in 20 of the other letters. This is an automated bot-like program, okay? And the phrase is mailing to the secretary, a coalition of growth companies is all, that's not what you write when you're mailing the SEC a letter about an initiative, okay? That just happens to be probably what they programmed into this automated program to send out all these emails. What it really digs down to, which is a bummer is at issue is the proxy process, okay? The rules for how corporations conduct shareholder votes, such as when directors stand for re-election at annual meetings. Most of the time management wins in the landslide and that is true because if you have one voter putting up something asinine, okay? Then they're going to vote it down. Sure. Everybody has a vote. That's how it's supposed to be. But shareholders occasionally revolt over excessive pay or mismanagement. That's where you don't have the board putting up a motion to oust all their buddies that are in the executive suite, okay? So you want to, you know, everybody's supposed to have a say as a shareholder and it's just putting it to a vote.  Exactly. So, you know, it really gets here last year, the National Association of Manufacturers helped from the Main Street Investors Coalition to oppose what it calls politicization. There we go. Of the investment process to argue fund managers and boards should focus on maximizing profits. Well, they can. Everybody still gets a vote. That's what's being misled here, you know? One of the priorities is changing the shareholder voting process. And if it was so easy to do, why does the chairman of the SEC have to lie about why he's doing it? Right. And go with these emails. That's what you want to keep in mind, you know? You want to have that conversation? That's great. But why are you going to lie about the people behind it in terms of veterans, Marines, teachers, retirees? Oh, seriously, man. Yeah. Although the coalition has other members, NAM provided most of its initial funding according to a person with knowledge of the arrangement who spoke. The Manufacturers Association represents corporate giants such as Exxon and Chevron. Nothing like big oil. NAM sent a statement that it didn't fund 60 plus or direct any advocacy efforts on the SEC issues. Chevron wouldn't comment on the coalition, but acknowledged in a statement that it sometimes works on trade associations to help inform their understanding of the issues. So yeah, public comment is a great deal because that's citizens public commenting on things that issue.  So National Association of Manufacturers. That is not the American citizens. Plus, the nonprofit group calls itself an advocate for senior citizen issues. It routinely takes money from corporation advocates for their causes on issues varied as sugar subsidies in Alabama utility commissioners. Well, sugar subsidies, that helps the retirees, right? Yeah. It's remarkable, man. Stay right there, folks. Tommy and I are coming right back. This is the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastery Probability and for the last 12 months Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months. Timer Digest ranks me as the number one market timer for gold as well. The fact is markets can be timed. And I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastery Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. If you're a trader in the market looking for exposure to gold or gold mining equities, then now is a perfect time to sign up for Tom O'Brien's gold report. The summer is over. Gold is trading back above $1,500 and the 10 year treasury is hovering at around 1.5%. Tom O'Brien has been writing his weekly gold report for almost 18 years. There's no one that knows more about how the gold market trades and how gold mining equities react. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning Tom publishes his weekly gold report with coverage of gold, silver, bonds, the XAU, HUI, GDX, the dollar, as well as more than 30 different mining equities. As of September 3rd, Gold Report subscribers have 5 active open positions with an average unrealized profit of almost 38% for each position. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up today by visiting TFNN.com Basel Chapman has just announced a live 90 minute webinar he'll be conducting for subscribers to his daily trading newsletter The Opening Call, which will be taking place Tuesday, November 19th from 5-6 30pm Eastern Time, titled A Comprehensive Review of the Chapman Wave Techniques and Market Outlook Ahead for 2020. This is a great time to sign up for a 30 day free trial to the opening call while gaining access to Basel's live subscriber event taking place later this month. With some stock picks up 15-30% this year alone, Basel will review many of the Chapman Wave techniques that helped in their successful analysis as well as providing the sectors and stocks that he thinks will be of importance heading into 2020. For all the details check out the Opening Call on the front page of TFNN.com This segment is brought to you by Think or Swim. For more information just click the Think or Swim banner on the front page of TFNN.com We get a little movement in this market.  Not that that's a huge amount, but compared to where we were it is a huge amount. Especially pre-market man, I think the S&P's were up there at 3132 were 18 points off of the pre-market right up there. 3132 50. We'll be right back almost to the lows of yesterday. So the lows of yesterday at, let's see what time is that? We're on the air at 10.30. 3111 and it hit 3113 thus far. We'll see with this whole baby does shake out today. Of course we got our man Mr. Basel Chapman coming up this afternoon so don't forget about that. If we do take a look at the GDX, one of the Tigers want to know resistance levels. The GDX to me, I don't see a resistance level here. You get a supply line that's laying out at 28. There's been trading there a lot. This push yesterday with volume is a good push. Your swing point has 79 million at 2818. So that's your number. You need big volume there. I don't think we'll get to that point out here today, but I think what you are going to get is the note in bond market continues higher. The note in bond market continues higher. That gives gold some breathing room. That's what it really comes down to. I was just going to pull up the yield as we wrap it up. What are we sitting at? 1.78%, not bad. Not bad at all. Last three months, look at that. 1.45 to 1.9. That was quite a run it had, man. That really was. You get back down there and think about those refinances. As we said, Basel Chapman coming up will be live at noon as well. I encourage people to go over there, sign up. You can take an hour and get familiar with his newsletters, and then you get to watch the Tiger Technicians hour at noon before that workshop at 5 o'clock. I love it. Stay right there, folks. We'll get to think of something coming up next. I'm Am, Mr. Basel Chapman, Steve Rhodes, Steve White. I'll be back this afternoon. Thanks, pal. Thanks, man. We'll get him, folks.


Episode number 15 of what sex got to do with it, and we are here with my favorite 84-year-old great-grandmother, this just then from James Webb, the entire galaxy, yeah. So, in Chapter 14, it's called, Tangled Up in Economics and Evolution, as we usually start, why that title? For two reasons, one, that my interest in economics actually began with my interest in biology and evolution, and also Darwin was always Tangled Up in Economics and Evolution, the theory of natural selection, both he and Alfred Russel Wallace based it, claim that they came up with the idea of how evolution proceeded by reading Thomas Malthus on the Principles of Population, and Malthus was an English cleric who is considered an early economist, and I think that Malthus introduced what I call the Malthusian flaw into that theory of natural selection, but of course in our discussions and in my book, I'm more concerned about some of what I think the oversights that Darwin did with his theory of sexual selection, but evolution and economics have always been linked, the theories of the two, and my particular approach to them have always been Tangled Up. Gotcha, so early on in this chapter, you talk about one of the things that we sometimes do is oversell some of our actions, and you talked about foregoing the use of single-use plastic water bottles, and you said, well, sometimes people think that, and they do that, and that's enough, but we need to make it clear to people that that's not enough, and I found the curious, because I mean, you had written this book, I mean, you've been writing it for a while, and I mean, it was published by the time we had Tangled Meeting here in Arlington, but did you happen to know that we passed a single-use water bottle ban at Tangled? Yes, and I'm very glad to hear that, and it's important, but it's not enough. I have a relative who recently traveled out of state and was just astonished at how casually everybody was about plastic single-use water bottles.  I thought before I die I don't want fame, I don't want fortune, but I would like to make, contribute an idea that I think could be very helpful in addressing climate change. That was my motivation, but it starts with evolution and the way we evolved and how our species' specific behaviors, particularly our economic behavior, are so dramatically different from that of other species and I have said to people, I'm not sure I said it in the book, because my ideas have kept evolving since I've written the book, you know, just discussions with you, I think, oh that gives me an idea, so I get another idea, but I really think that art, we need to identify what our species' specific behavior is and figure ways to rise above it, we're the only species that has an economic system, that's because we're the only species that needs one. That's interesting, so this is another chapter where there's just so much to discuss, I'm going to be bouncing around, and you let me to the end, or towards the end of this chapter where you say that we are the only species mean that will essentially exhaust its supply, you know, and I'm thinking though, but is that really the case? I mean it seems like other species mean, you sometimes get increased indecent population because I mean the species will consume more of its prey, means so that there's not enough of its prey around for other, and so then there's a crash, and then the prey, you know, kind of rebounds. You know, I think some of that, I don't think that happens as often, I think because of this anchor bias, which is something I learned of just in the last few months, and I've really internalized it, which is just the great degree of difficulty of giving up the first thing you ever believed about a topic, and I think it's so ingrained to think evolution is selection at the edges of survival when we're running out of resources, and in fact it's very, very difficult to document death rate control of populations, most species adjust their litter size, their nest size, whatever, react to what's going on in the environment around them because our desires are symbolically developed. We are the species, we have infinite desires, and we impose them on a finite planet. Other species needs their so-called economic behavior, which is just the control of resources they need for themselves in their offspring. Those are pretty consistent from one individual to another because they defend their resources by their own bodies. Humans have just, you know, we make up deeds, we have all this, so symbolically we control far more than we need, and so we are the species with infinite desires that we impose on a finite planet. Well, we head into the home stretch here, and you start in providing some solutions to the issues that we've been discussing along, and one of these solutions, in fact the main one involves around Commonwealth rents and remittances, so I'm going to ask you to explain and take as much time as you want to explain what you mean by Commonwealth rent, and then, like I said, there was one aspect that involved remittances that I thought was very interesting. Well, what I call Commonwealth rent or what economists call rent your income, and that's income that you collect by controlling the resource that others need, and I argue that the commons in nature, the things that any animal needs to survive, ought to be available to all of us, and that anyone who takes more than they need, and by so doing excludes others, should pay the economic rent that accrues to them as a result of controlling that resource. So maybe a little, I don't think I've made myself clear on that. Ask me some questions. Well, no, so I get that. So I guess the question is then, how do you value what it is that is in excess of what they need? How do you quantify that value in order to assess me, the rent that they have to pay? Well, and I just had a colleague email me something about this the other day. The economist who's influenced me is an economist who wrote around the same time Darwin was writing, an American economist, Henry George, was very, very popular at this time, and his ideas are just sort of summed up and dismissed as, oh yeah, Henry George land value tax, because he proposed that he was concerned about inequality, and the way to keep, he wondered, his book was titled Progress in Poverty, and he wondered, why, wherever there's incredible progress, does poverty increase? And it's because some people are controlling more of the resources, the more power you get, the more you can control resources that others need, and they could force down wages by doing that. Because like, say, in a country where there's lots of land available cheaply, and you can just go to the margins and get land, then wages don't get forced down, because people can go directly to the land. So the sort of the catch-all phrase is you pay for what you take, not for what you make. Henry George would have eliminated all taxes on income, on everything, except the natural resources that you control. He referred to it as land, and at the time he wrote, 150 years ago, land was the major economic factor, but in his book Progress in Poverty, he was very clear to point out, but when he used the word land, because he was very precise with his definitions, he meant all naturally occurring waters. The gifts, what he called the gifts of nature, what the Green Movement now calls the commons. The commons, they belonged to all of us. None of us created it with our own labor. It's a gift of nature, and you have to share it equitably with not just humans, but I think with all species. The natural world is a gift that should be shared equally, but because of the unique way our symbolic abilities that we can control more than we can actually use forever, or our children ever into the future, our grandchildren, great, great, great, I mean, great sums of wealth, and we see growing inequality all the time. I started to say a colleague had written to me yesterday, and I said, I'd heard him speak about water use, and I thought his, because that's his expert, is water use, and I thought he was talking in Detroit, where there was water shortages, and they were saying, well, charge for water, and then people will use it more responsibly, and he said, yes, but there's a certain amount of water you need for life, and you can't charge people for that. You have to exempt from charges, you figure out what the amount is that's needed to sustain life, and provide water to wash and clean, and exempt that from water charges. And I was asking him about it, and he said, well, with land, with the property tax, you could have like a homestead exemption for the, because everybody needs land to stand on, or to earn a living, to have a shop, whatever, and whatever that amount of land is, you give the owner, the deed holder, a homestead exemption for the reasonable amount of control, but you don't let someone control hundreds of acres, which they're not even using, which then creates a land scarcity. It's what drives up housing costs, it's why we have unaffordable housing. So that's kind of the, but it's hard to implement, and again, I get into this in the last chapter, but we'll jump around a little, the next to last chapter, I think I may talk about it, because we have to get the money out of politics. Yeah, okay, we'll come to that later. So it's hard to implement when lobbyists are writing the rules. Right, and so what it's interesting too, is that you say that remittances would be a part of it in the beginning, because it would be regressive, I mean, and so right now we have so much inequality, I mean, that the regressive nature of the economic rent would hurt the poor, because essentially the charges are going to get passed on, because with any tax or fee, it always gets passed down to the person who can't pass it any further. So the rent that would be collected by the government, presumably, would then be remitted to people based on their need, until the needs are more balanced. Now the purists, and at heart I would like to be a purist, but the system is already so inequitable that I can't be, but if this had been the design from the start, then everybody, just by virtue of being born, would get an equal share of it could be a citizen's dividend, but and I think until we've corrected for some of the gross inequities, then those resource rents ought to go to the people who've suffered the most, the people at the bottom can't afford housing, can't afford education, can't afford health care. So, you know, we have an earned income tax credit, that kind of thing, it can be done. So the economic rent is based on property, whatever it is, it can be clean water, clear air, like someone who's polluting the air, a corporation that's polluting the air, they're taking more than their share of the breathable air, but as it stands now, we don't sufficiently charge for them. I kind of sum it up, that big corporations who are doing a lot of the polluting, they privatize the profits and they socialize the costs, they pass on the cost or what economists refer to as the externalities associated. My question wasn't around the nature of property, I was just kind of hung up in and getting the question out. It's really based on, the question is really about the, if it's based on what they own but they're not using, would this system that you propose decrease the desire to own the property, but now that they don't own it, it's like, I guess the question is, there is an own property, but that own property is owned by the government, right? There's some, there's not as much as there used to be. I mean, when I first moved to Arlington, I walked from the Heights down to the center, down Mass Ave, and I looked at all what I consider underutilized land and I thought, oh wow, the property tax system in Arlington needs to be updated. There's so much underutilized, I've had so many people in government tell me, well, we don't have any buildable sites in Arlington, oh yes we do, but people are withholding them from use until the value of the property goes high enough and then they'll be motivated to sell it, hopefully to someone who will build homes or put some kind of a business on it that would create jobs, but the increase in land value is not created by the landholder. The increase in land value in a town like Arlington is created by all the citizens who pay their taxes by the town with things like a CMI, you know, all these wonderful resources. We have excellent schools, public parks, fabulous library, all the wonderful things we have in Arlington are paid for by the people who pay their taxes in Arlington, but the benefit of that investment in the infrastructure is received by landowners who aren't necessarily doing anything with their land but withholding it from use and that investment will drive up the value of that land. When they sell the land, the increase in value was created by everybody else, but the owner, the seller, the person who's been holding that land for 40, 50, 60 years sometimes in a family, they take the increase and privatize it. But the gain was social gain, the gain was the result of social investment and so when the property sells, but the way to correct for that is to just make sure you accurately assess land values. An accurate assessment of land values corrects for that, can stimulate new growth, can stimulate the development of housing, which, you know, we don't have enough affordable housing in Arlington, we just don't. Yeah, pretty much anywhere in Massachusetts and you can even almost say in the country, and I misspoke too because I was really not saying that there's unowned property, there's no unowned property, it's more that there isn't any, all the non-private property is owned by the government. Yes, a lot of it is and in some states and in some communities, the government that's like has owned land that it's collected because the people who originally owned it had failed to pay their taxes and so forth, then the land had been seen. Some of those communities are building affordable housing and so forth, or making that land available to people who want to do that. So if the government owns a lot of the property, meaning that is underutilized, then how would this economic rent apply to it? Well, I'm not sure I fully accept your premise that the government owns a lot of the unoccupied land. I think a lot of, or underutilized, not unoccupied, underutilized land. I think underutilized land is largely owned by individuals or by corporations. I mean, some of our big corporations like McDonald's, a lot of their value is in the land they own. So even if the government isn't the holder of most or even a significant amount of underutilized land, meaning would the government have to pay any economic rent for any land that it owns that's not utilized? Oh, that's an interesting thought. That's a good question. I haven't thought that through, Lynn. I ideally would like to see them make it available for affordable housing, that's what, or for people who want to start businesses and don't have the wherewithal to start a business to commune. I mean, talk about reparations. The black population in this country, the descendants of enslaved people at least, vast disparity in the wealth, and that's because they haven't gotten to own real estate for sometimes by design, in fact, most often by design. And so to me, a good place to start reparations would be to give people who've been deprived of the right to own land, that land to start a business or build a home. So I think the government could begin reparations or a reparations program with that, that, you know, someone who's been denied. But I have to think more about it, but that's a good question. I mean, so all of these are really asked from the point of view of curiosity, meaning not really trying to tear down your argument. No, you're not tearing. In fact, I think I've told you between sessions, the thing I love about these kinds of discussions is the sharing of ideas. And often I'll go home and think more about something you ask me and then I'll get an idea. Oh, I think there would be a way to deal with that. So this is a learning experience for me. And a pro-government person. So to me, I mean, if the government has something and it can help affect a solution, it's like to be really good. That's what I was asking is like, well, the government has this underutilized land and you're doing this economic rent. It's like, what can we do? No, I'm not in favor, for example, though. I love our national park systems. I love park systems in general. Greenspace is wonderful for us. One of the fabulous things about Arlington, the amount of green space in parks that we have in Arlington. So I would not want the government to develop those because they're a resource that's made available to the public. So I don't have to own a Canadian national park in order to enjoy everything that it offers. So that's a good use of government on land. I'm not in favor of the government selling drilling rights on national land, granting grazing rights or timbering rights. I think they're a small group is benefiting from something that belongs to all of us. And often, like for example, the grazing rights, I think the going rate is much less than it would be on something other than nationally owned land. So that comes down to the assessment issue, right? Well, yes. Well, of course, I don't know. But I don't think that national parks, we're not assessing the land value there. But some groups have benefited from what the government owns in a way that others have not. But you say the key, though, to making the system work that you propose for economic rent or commonwealth rent is to make sure that the land, as defined in the property as defined, is assessed properly. Yes, land assessed properly. And also, but since, you know, I'm really talking about the commons in nature, all naturally occurring resources, we've assessed the cost of cleanup for a corporation that's dumped in polluted waters or polluted our air. We know how to do that. We can figure the cost. So in a way, that's, you know, figuring the cost of the damage they've done and charge them for it. They have to pay for it. You know, that they use something that was not theirs. You know, we can, land is easy to give title to. If you could give title to air, imagine if people monopolized air in the same way that they monopolized land. And even water. I mean, some water is being monopolized and privatized now. I'm not in favor of the privatization of any naturally occurring resource. In terms of the preventing, so you say that you can assess, for instance, by determining what it would cost to clean up. Do you think we can price the economic rent in such a way as to prevent damage? Ideally, yes. But not damage that we have seen already. I mean, so that we know how much that damage costs, but kind of possible damage that we know. Well, I think if people knew that they were going to have to pay, for example, a carbon tax is a perfect example of this. I'm a big favorite fan of carbon taxes. And I think when manufacturers realize they're going to have to pay carbon tax, pay for the amount of carbon they're releasing into the atmosphere, they then devise ways to release less. If they know they're going to be charged, then they damage less. And so I think that that's what we need to institute. But as you know, we'll get to it later. But as long as we have money in politics. We'll get to it now and we might have to carry it over into the next episode because I got a little confused and I thought it was in the next chapter. It was actually in this chapter where you talk about getting the money out of politics. Do you have evidence of how democracies was public financing fair better than those that? No, I don't. But I really don't. But I am horrified by the fact that paid lobbyists write a lot of our laws. I'm just horrified by that. And the representatives that they write them for get them voted on and very often because of campaign finance donations, it enriches the politician who's getting a law enacted that was written by one of the polluters. And again, in my earlier chapter on the human brain, the brain is so good at rationalization. We are so good at telling ourselves, well, I'm really doing this for the common good. We all are. I'm good at it myself. I do it myself. I'm aware that all people do it and so I work hard at not doing it myself. But I look at someone like Joe Manchin who benefits tremendously from the fossil fuel industry, from coal particularly, and yet his blocking of some of the climate legislation, he bases on other things. He bases on he's worried about inflation. I don't think he's a dishonest man. I think he believes that. But when you look at it objectively, he's benefiting tremendously. Personally, his personal wealth and his family's personal wealth is benefiting by his blocking climate legislation. And so that's, you know, as long as citizens united, is that what made corporations people and they get to donate? I mean, as long as those, as long as we allow those laws to stand, it's very difficult, but not impossible. I think part of it is just raising awareness, raising awareness. But, you know, the very people that we want to vote in policy that would eliminate those practices are people who've been elected through huge campaign finance donations. So I really would like to see the public funding of all elections in this country. And in order to get that voted in, you're going to have to have some people who've benefited from the system the way it is now to go against their own self-interest and to make sure that... Well, limited self-interest. I mean, the bigger self-interest could very well make them want to do that. It all depends on how you define self-interest. Yeah, okay. Yeah, you talked about that before in terms of... You know, and so we're going to pick up on this a little bit, me, when we get to chapter 15, which is called Bountiful World. It's a relatively short chapter, so I think we'll be able to come back to this important topic. So thank you very much. I mean, and as I said, we'll be back with episode 16.


Within the city of London, the Cockney accent can be indeed called the broadest form of the local accents in the city. Geographically, Cockney is confined to the area of London, since it is traditionally defined that a true speaker of Cockney has to be born within audible distance of the bells of Sir Marie LeBeau, Cheapside in London. Nevertheless, Cockney can also be found in other suburbs of the city. On a social linguistic level, Cockney represents the accent of the working class based in London and to some extent in an altered version also that of people living at the outskirts of London. On the whole, Cockney exhibits various distinctive characteristics such as incorporating a unique rhyming slang and distinctive phonological features. One striking phonological feature is the glottal stop, where glottaling of final or intervocalic consonants takes place. Let's listen. Ha! City Another property is word-initial, edge-dropping. Let's listen again. As Another significant characteristic is TH fronting, where the dental fricatives are substituted by labiodentals such as in words like think or brother. Think, brother. Further features include vowel lowering in word-final position, where for instance, final schwa is lowered to a low central position. Here is an example. Dinner Like in RP, a low level of rotissitis is also characteristic of Cockney.


Good afternoon everybody, I'm Tommy O'Brien, coming to you live from TFNN 4 p.m. Eastern Time as we reach the end of the trading day and you've got markets pushing all-time highs almost across the board right now. S&Ps up by 36 points helped out by that late acceleration at 3 o'clock on the news that we got the Treasury borrowing a little bit less money than they had anticipated. What do we have? We have yields dropping, the market loves a weaker yield, we have markets accelerating, S&Ps all-time highs, you're up by 38 points right now at 49.55 in the S&Ps, that's about 8.10% in the positive. NASDAQ 100, you got a full percentage point today, up 180 points, huge week for tech earnings this week as we've talked about, NASDAQ 100, up more than a full percent, Dow catches a bid especially late in the day, you had the Dow accelerate almost 200 points from 3 o'clock, right? Right at 3 o'clock, we were at 38,300, we just came a couple points shy of 38,500, all-time highs in the S&P, all-time highs in the Dow, Russell catches a bid to the tune of 1.7% right now, up 33 points, 2021, Bitcoin bouncing off last week's lows, 43,450 up a thousand bucks, crude, down a dollar at 77 bucks on the dot right now, gold is jumping around because you got some big action in yields, you got some big action in the dollar index, right? We jump over to yields. So what happened? Treasury's borrowing less money, well, if they have less supply, they might be able to charge a little bit of a higher price. What's that mean? The price goes up, yield goes down, we got the tenure, up by 19 ticks right now, 111.19, you jump over to the dollar index, dollar index trades lower to 103.49, you got a weaker dollar, that gives gold a little bit of a pop from three o'clock up to 2050, we were all the way at 2056 earlier today for that gold contract right now, you jump over to the VIX as this market just plows higher, VIX, VIX, still at 13.62 with a little bit of an elevated level when we come into a pretty big week of potential volatility. So what do we have going on?  We got Fed Day on Wednesday, of course, 2 p.m. Eastern time the announcement. We just went over the expectations in terms of where the rate cuts are coming down the line. And then on Thursday, Apple, Amazon, among many others, Metta in there and Thursday as well, Metta all time highs just across the board man. Check out Metta. We'll close it out with Metta. 40102, S&Ps up by 37. Thanks for tuning in, folks. Stay tuned. Tomorrow morning. Have a great night. We'll see you tomorrow at 9 o'clock with the morning market kickoff. Thanks so much for staying tuned to TFN all day. Have a great night. We'll see you tomorrow, folks.


Why the narcissist cannot tolerate you they cannot deal with you effectively They see you as something that is difficult to overcome you disturb and distract them You interfere with their normal arrangement You prevent them from concentrating on something Which irritates them It makes them become nervous because of worry and fear that is difficult for them to control Whenever there is a problem, they require quick and immediate action and attention from you They require you to comfort them And make them feel better about themselves Because they have an inability to do that on their own they have difficulty managing their own lives But they will never tell you that When you express your individuality and you show them you're not the same They don't know how to respond to that So instead they make you out to be this person who constitutes a problem This person who is causing difficulty and is hard to deal with They will try to put you into their systematic plan or arrangement, but it really has nothing to do with you This is about them and how they choose to respond to things They don't know how to move beyond the immediate personal context To allow themselves to look at things from a different perspective They have a fixed mentality They have a hidden agenda it's their way or the highway They have to preside over you which leaves no space for different expression meaning or response Because there's just no way to get through to them They will criticize you They will blame you because everything has to be done their way They can't tolerate any other alternatives Because they've already made a decision and they expect you to go along with it They cannot share your ideas and opinions They cannot work with you as a team. They cannot blend with you Narcissists lack self-awareness They're more focused on protecting their false image Which is why they can't accept accountability They can't accept that there's things they need to change will improve They can't accept that they don't know everything Which leaves them to be unreliable You can't depend on them for anything because if there is a difference way problem Something has to be wrong with you. You must be the one who is at fault Because they hold such strong beliefs of who they are They have to be informed They have to be aware of everything They have to have access to all of the information about something Which other people don't have Because they can't accept that they really don't know anything They lack conscious knowledge of their own character and feelings And that is why they cannot tolerate you. They cannot collaborate with you They cannot accept that you have your own ideas and opinions Because they lack empathy. They cannot check your feelings.  It makes them feel small in comparison to you So they will try to bring it down. They will try to preside over you They will try to conquer you. They're not going to be grateful or thankful for your distinctive qualities They're not going to recognize the worth or importance of it Because they lack self-awareness They lack conscious knowledge of their own character and feelings And there's nothing you can say dissuade them There's nothing you can do to make them see sense And it's not your job to do that You're only responsible for yourself But you do know how to allow the existence, occurrence and practice of things that you dislike or disagree with You do know how to deal effectively with difficult things Because you know and understand yourself very well and you don't have to give up on yourself Just to please someone else You can celebrate everything that makes you special and unique and if they don't like it That's their loss that's their foolish mistake That's something they are responsible for It's not something that you should worry about or get involved in Focus on peace and love Being welcoming and embracing And creating an environment where people can feel comfortable and confident to be themselves Because that type of attitude and perspective Produces good results But the narcissist will remain stuck in their ways They will remain and willing to change their way of doing it and thinking about things Which will not have positive results But you are not responsible for that That's just how they choose to be Thank you for watching I hope this video resolved it with you Please like, comment, share and subscribe If you would like to donate The link is in the video description Coaching Inquiries You can email me at coaching at NARC Survivor at the Kudu UK Thank you for watching and I'll talk to you soon


Hey, Craddick, what's this? Hey, this is my M-side. It hits wrong at 800. It's running from wrong. Here's the program. Your paper tape wasn't in frame, but that's OK. Oh, OK. I put it in the tape reader. Kind of look at that. So what's this on the screen? That's Intel X from the paper tape. And now, stop, go to the beginning of memory, all zeros, clear the screen, and hit run. Hello, world. Hello, world.


And Melissa, what I love about this year's rally is it's so broad based on almost every stock in the S&P 500 is up, 10% is a small move, many of them up 20%, a lot up 50%. If you have any money in the markets, if you're associated with this market at all, you're doing very well this year. Definitely, and I'll say this, during Trump's presidency, we have seen more record-breaking highs than any president has ever had in the history of the world. And we may never, ever see this again. Now he may get re-elected and this may continue, but this is just phenomenal. I cannot tell you how phenomenal this is for markets.