Craft presents the Great Gilderslee. Hehehehe. Funny. Who also bring you Bing Crosby every Thursday night. Present each week at this time Harold Perry as the Great Gilderslee. Written by Leonard L. Evans.  Stout, jolly, faced with all the problems that the average uncle is faced with. He tries to guide his niece Marjorie and his nephew Leroy, always with the very best intentions and sometimes with the very worst results. And now the Great Gilderslee. Thanks for the lift home Judge Hooker. You're welcome. Say Gilderslee, I hate to bring this up, but isn't it about time we used your car? All right, I'll drive my car down tomorrow. You know I don't go downtown tomorrow? Sure, that's why I'm going to drive my car down. Hehehehe. Then it'll be your turn again to pick me up the day after, won't it? Yes. Hey, wait a minute. I'm getting a chip somewhere. See here, Hooker. If you're going to talk like that, I won't give you that spare inner tube. Oh, excuse me, Gildy old pal. Just forget it. I'll be here for you. Goodbye. The old goat. I better get that tube out of the safety deposit box. I just saw you driving up and behind our front curtains.  What? What? You want me to say yes to something you don't want me to do? Well, yes, that's exactly correct. You'd hit the nail right on this thumb. Uh-huh. Well, it's something I want to ask Eunice Marjorie to do, and hasn't she got the loveliest red hair? See what kind of a rinse has she used to get at that shade, Mr. Gildishly? Young lady, Marjorie's hair is that way, naturally. Well, naturally, that's what you would say. Well, the thing I wanted you to ask Eunice to do for me is to take this list of soldier boys. I promised the U.S.O. I'd write letters to and ask her if she'd mind writing instead on a kind of I hurt my hand and can't. What did you do? You were talking? It wouldn't have been so bad, only I was in it myself at the time. It was a horrible experience. I couldn't talk for hours. You couldn't, though. Wasn't that too bad? Well, you give this list to Marjorie, won't you? I know she won't mind it. Just a few names. Well, goodbye now, Mr. Gildishly, and take my advice. Keep away from folding beds. Yes. When I get into a bed, it doesn't fold up, it just curls up. Let me see that list. Just a few names, eh? Wow, her idea of a few names is like her idea of a few words. That family next door is beginning to get my goat. That's about the only thing. They haven't been over to borrow so far either. Next time they ask me for something, I'm going to say, ah, good afternoon, Marjorie. Well, hello, Uncle Mord. Marjorie, my dear. I have a little patriotic job for you to do. Oh, what is it, Uncle Mord? That girl next door. What's her name? Uh, Dilly or Daffy? Dottie? Dottie, that's her. She wants you to write letters to this list of soldiers here. She can't because she had her hand squeezed in a folding bed. Oh, but Uncle Mord, I'm writing to so many soldiers already. It seems like I'm corresponding with half the army as it is. You are? How did that happen? I was serving coffee to that troop train that was going to Camp Stover last week, and one of the detachments adopted me. Adopted you? Well, I'm not exactly clear whether they adopted me or I adopted them. I don't know if I'm the daughter of the regiment or the auntie of the anti-aircraft. Very good. What happened? Well, they voted me their parachute girl. What do they mean, parachute girl? Well, they'd like most to drop in on. 200 of them asked me to correspond with you. 200 letters?  No, I guess not. There isn't much fun sharing a letter from a girl with 11 men in the corporal. That's why I've been writing each of them personally. And is it a job? No, Uncle. I don't doubt it a bit, my dear. We should all do everything we can to make them happy, however. I wish there was some way I could help. Do you think I could bang out a few letters for you on the typewriter? And you could sign your name? Well, I don't know. Would they look like a girl wrote them? Of course. I'll type them very daintily. Say, we can put the whole family to work on this. Leeroy, eh, Birdie. Did you call me Mr. Giltley? Yes, where's Leeroy? Here I am. What is it? Look, everybody, Marjorie has more letters to write to the soldiers than she can shake a pen at. Now, the boys in camp always welcome a letter, but it means far more to them if it comes from a pretty girl. Oh, Mr. Giltley. Not you, Birdie. I'm talking about Marjorie. Oh. Yes. Now, the rest of us will have to do a little ghost writing. Excuse me? That lets me out.  I'll handle writing to my own boy friends in the circle. Oh, well, all right, Birdie. Leeroy, you'll help me, won't you? Each of us will take ten names and write letters as if we were Marjorie. Sure. I've always wanted to be one of those anyhow. You always wanted to be one of what, Leeroy? A war correspondent, huh? I hope you are fine, too. How was the journey to Camp Stover? As the guy in school said when he stuck his foot out into the aisle when the teacher was passing, I hope you enjoyed your trip. P.S., if you have any empty rifle shells, please send them as my brother is making a collection. This looks like it's going to be the best one yet. Let's see how it sounds. Dear John. Take my pen, please. Take my pen, please. Dear John. Take my pen and hand to thank you and your friends for selecting Little Me as the girl you'd like to visit most. I am not unmindful of the honor bestowed upon me, but I won't let it turn my pretty little red head. It is indeed unfortunate that you are stationed so far from Summerfield. Otherwise, you could all come to dinner at our house some night as I love to bake and cook. You know how we girls are. Well, since the shades of night are drawing near, I'd better close as my Uncle Throckmorton thinks it's time for me to go to bed. It's surely yours, Marjorie Forester. Dear Willie, I got your letter yesterday and hastens to inform you that the next time you send me a letter without any postage stamps on it, don't send it air mail special delivery. I'm sorry to fudge into fried chicken I sent you got all mixed up together, but it saves me sending you any chocolate eggs for Easter. I'm nitting you another sweater to replace the one you says you lost at the Target range. Only next time, kindly confine your shooting to rifle practice because you never was any good at Paducah Parcheasy. Yours truly, your ever-loving, ever-lasting, one and only Verdi Lee Coggins. P.S., please disregard them rumors about me going out with other fellas. That's just enemy propaganda. Let's see, this is the last of March. Oh, yes, that means the June magazines are due. Oh, hello, Mr. Mailman. Hey, I must have 150 letters for you. What's your niece doing, running a contest? I'm becoming a regular beast of burden. Oh, the male animal, eh? Oh, some more letters from the soldier boys, huh? Yes, and if those guys lick as many jabs as they do stamps, the war will be over, pronto. Goodbye, Mr. Gilmour. So long. Oh, Marjorie, here's some answers to the letters we wrote to the Army. Good. Oh, we'll help you, won't we, Leroy? Yeah, let's start over them. Yeah, be careful there. Wait a minute, brother, give me that letter. That one's not from the Army. Are you sure? That's from a certain infant in the Navy, and it's strictly personal. Oh, there I see. Well, we'll be true to the Army, won't we, Leroy? This one's from Camp Stover, all right. There, see. Dear Miss Forrester, thank you for that picture of your little brother. Picture of...  Yeah, I ran out of snapshots of you, so I sent him one of me. No, I don't think he resembles you a bit. He sure is a funny-looking kid. What? I'm sorry I can't send you any cartridge shells, which you asked for for his collection. What's this? Don't interrupt Uncle Moore. Yes, yes. But so far I've been very busy here, acting as barber to a carload of raw potatoes. Say, what kind of letters have you two been writing in my name? Now, Marjorie, don't fret. Look at all these letters. You can see we didn't use your name in vain.  Sure, we can clean up all his correspondence. Well, all right. Only remember, if you read any letters that turn out to be personal or private, don't open them up. I, of course, my dear, you can depend on us. How are we going to do that? Oh, come on, Uncle. Let's not burn our bridges till we come to them.  Now, the letter. Dear Miss Forrester, thanks for the wonderful map of the world you sent me. It comes in especially handy because current events is my hobby. Do you think girls are interested in the serious type of young man, such as I represent? Sincerely, Ernest Darling. I'll take care of Darling as soon as I've read this postcard. Hello, Red. Thanks for the swell picture of yourself. It sure guled me, Toots. From now on, I'm going to devote my non-military career to whistling under your window. Do you think you could go for me in a big way? Yours with a jive, Mickey Conway. You silly. I'll answer that one, too, as soon as I get the other one out of the way. The one to watch his name. You mean Ernest Darling? Yes. Now, what did he say? He thanked her for the map. All right. Dear Darling, I'm glad you like the map. What next? Current events is his hobby. Oh, yes. And I am happy to learn you have taken up such a fascinating hobby. He wants to know are girls interested in the serious type? Oh. And in answer to your last question, Darling, the answer is most certainly yes. Take it, Leroy, and address an envelope. Yes, sir. And address another one to Mickey Conway. You better find Ernest Bestow's envelope. I'm going to send him a hen track hot foot. She's out of present. Oh, well, she'll be here. Why don't you come earlier? Say about six. Oh, well, sure, okay. All right, Mickey. It's you, eh? Didn't you get Marjorie's letter? Sure. Thanks. After that letter that I... that she wrote? Oh, my goodness, Leroy. I got the envelopes mixed up. A copy. Oh, I see it all now. And to think that I am responsible for this one-sided romance. I'll just leave again in just a moment. But first, I suppose you know that good nourishment isn't just a matter of eating a lot. Why, you can overeat and still be undernourished. That's why you should know the nutrition facts about the food you buy. So you can serve your family a balanced diet. So here are the nutrition facts about Parquet Margemann. The delicious bread for bread made by Kraft. First, Parquet Margemann is a wholesome, vegetable margarine made of selected American farm products in Kraft's big and spanned modern plants. That's important. You want to be sure the foods you serve are wholesome and of fine quality. Next, Parquet Margemann is a nourishing energy food. In fact, it's one of the best energy foods you can serve. That's important, too. Parquet helps give the pep and energy you need for hard work or play. Lastly, Parquet Margemann is a reliable year-round source of vitamin A. Yes, there are 9,000 units of this important vitamin in every single pound. So next time you shop, remember that economical Parquet Margemann is as nutritious as it is delicious. Yes, Parquet is well worth trying right away. So tomorrow, ask your food dealer for Parquet, P-A-R-K-A-Y. Parquet Margemann, made by Kraft. And now back to the Great Gilda Sleeve. It's six o'clock the following morning when your heroes fall in the sleep at last after spending most of the night counting soldiers.  Bring your Jeep along to... respectively, your Strockmorton P. Marjorie. What's that? Time to get up already. Where is that alarm clock? Oh, there you are. What's the matter with this clock? It won't stop. Oh, it's a telephone. Ooh, that floor is cold. Where are my slippers? Oh, the heck with them. All right, all right, I'm coming. Hurt you, operator, I'm hurrying. Hello? If... hello, anybody want me? Must be the wrong number. Somebody's got a lot of nerve not telephoning me at this time of the morning. Ooh, it's cold. Which way is my desk? Hello? What is this, games? Hello, operator? Wait, how can the bell ring with the receiver off the hook? Oh, I know, it's a doorbell. Hold your horses, I'm coming. Yes, what is it? Is that a famous marjorie forest that lives? Yes. Well, I'm Private Mickey Conway and I was told to be here at six. Six? Oh, my goodness, is it six p.m. already? No, sir, it's six o'clock in the morning. What?  A marjorie's uncle. I'll break his... oh, my goodness, that's me. What did you say your name is? A Mickey Conway. I was afraid of that. Come on in, Mickey. Thank you, sir. I'll see if Bertie, our cook, can come in. Make yourself comfortable. Good morning, Bertie. It's quicks and coffee. It's almost ready, Mr. Gillis, please.  A soldier who's fallen for Marjorie because of some letters I've written her name. Oh, you better be careful. He'll sue you for the breaches of the promises. This fellow got the wrong letter, that's all, Bertie. And now he's here to propose to Marjorie. But he can't do that now. She's sound asleep. I won't let him do it if she wakes up, either. Well, it's too early in the morning for me to figure things out. I can't have an open mind without some good shut-eye.  That soldier's probably tired, too. Let him take a nap in your den while you figure this whole thing out on your pillow. Well, Bertie, that's a wonderful idea. How did you ever come to think of it? Well, I can tell the truth. I need a little more beauty sleep myself. Marjorie should be down soon. I remember Leroy and you, too, Bertie. We mustn't leave those two alone together. Don't see why, huh? If we do, he'll start proposing to Marjorie. It'll be very embarrassing for all concerned. Yes, and especially for you. But wouldn't it be a lot simpler, Ronke, if we were to tell Marjorie what it was all about? You mean how you put Private Darling's letter and Private Conway's envelope in vice versa? Well, on second thought, maybe your way is better, Ronke. Well, jiggers, take him to Marjorie now. Good morning, everybody. Well, hello, my dear. How lovely you look this morning. Yeah, you look swell to me, too, sis. That's right. And you certainly going to look good to that soldier who came 300 miles just to pop the... Hicksnake, very, very Hicksnake. Just to pop what, Bertie? Oh, nothing. Nothing to tell Miss Morris. But I'm interested. Pop what? Yes. Well, that is... if he walks 300 miles, he probably going to pop his corn. No. It seems to me you're all acting a little peculiar. Why the idea, I suppose? Well, maybe not, but you've got three of the fishiest-looking pans I've seen outside of a seafood grotto. Say, I had a small rest, Mr. Gu... Well, don't tell me this is Marge. Well, hiya, there, red... Where's it, Uncle Marge? Well, Marjorie, you remember Private Mickey Conway, who wrote you all those nice letters? Who? Ouch! Oh! Oh! Oh, yes, how I am, Mr. Conway. Oh, now, baby, cut out that mister stuff. I'm just plain Mickey to you. Yes, he's just plain Mickey to all of us. Why, he came all the way from Camp Stover to spend the day with you. With me, with us, I mean. Now, what do we do first? Well, first, I'd like to have a quiet little confidential talk with Marge here. Oh, not on an empty stomach, Mickey. Where's your sense of romance? Oh, well, all right. Let's have some breakfast first. But right after that, I've got something to show her. What is it, Uncle Marge? Well, he wants to show you the town. I mean, we want to show him the town, don't we, Marge? Oh, yes, of course we do. Who's I taking out for a ride this morning? We'll all take him for a ride. Would you care to drive, Mickey? What a rabid-eat cabbage! Oh, I see, yes, very cute. You can drive our car and I'll sit next to you, just to show you how the gears shift and where to put on the brakes.  That is all except Mickey and me. Well, that just leaves Mr. Gills leaving Leroy. You're right. We tried to leave them a dozen times. What's the matter? Did they chaperone you too vigorously? They didn't chaperone us, Bertie. They convoyed us.  What they're doing now? Well, Uncle Marge joined Mickey, our family album in the living room. All great stars. Anything wrong? Oh, I'll see there is. I better get in there before they come to my baby pictures. And this one is Marge at the age of one, I think.  Oh, boy. Cute dimples, huh? I'll say. Let me get a good look. Boy, was she fat. Don't you dare. I want to see that picture. Oh, oh, well, that's all right. Go right ahead. Oh, then you don't mind? Not in the least. Only that isn't me. It isn't? Then who is it? It happens to be you, Uncle Marge. What? Where's my mustache? Oh, that's right. Say, uh... Yeah? Uncle Mort, if it's all the same to you, could I have a minute alone with Red here? If you want to be alone? That's the general idea, General. Well, how about it? Why, of course, I understand. All right, but only a minute, mind you. Very quick. Get in there and do something. Yeah, but what? Anything. Don't leave them alone until someone relieves you. Just move the piano, dust under the rug. Play the star-spangled banner. What does it matter? Yes, sir. Play, what does it matter? Oh, how do I get myself into these messes? Oh, now there's somebody at the door. As if I didn't have enough to do already. Here's a mail, Mr. Gilded Sleeve. I've got a gob for Marjorie, too. No thanks. She has a soldier in the living room already. Dear, I'd better get Leroy warmed up to go in for Bertie. Leroy? Where is that boy? Leroy? Here, Uncle Mort. Look, Leroy, Bertie is in there pinch-hitting for me. I don't know how soon she'll strike out, so you better be ready to go in there and see that Mickey doesn't get the first base. Well, what about you, Uncle? I've got a telephone for reinforcements. I'm so desperate, I'm going to invite Judge Hooker to dinner. Gee, are things that bad? Yep. Leroy, you just talk and talk and talk. If he runs down, you ask him what he did in the Spanish-American war. That's good for two hours. Till dinner, how do we hold out to Len? That's the problem, my boy. Yes, there's the answer to our problem. I'm coming, Dottie. Fine time to come here for dinner, eight o'clock. And you're a fine friend to depend on, Judge Hooker. Now, wait a minute. I won't wait another minute. We wait as long as we could, then we had our dinner. You mean you didn't wait for me? No, that girl from next door took your place, Judge. What delayed you? I had a puncture with that rubber strainer you gave me for an inner tube. That wasn't a strainer. That tube was made out of the finest reclaimed gilder sleeve girdles. Why? Big, blowfish? And after I've been hauling you to town every day on my poor, thin tires, I've got a good notion to punch you.  I guess I'll have to show you. I'd polish you off with one uppercut. I mean, I can't decide which chin to aim for. Oh, yes. You twitch one eyebrow at me, Hooker, and the first eight girls won't know where to begin. Is that so? Yes, that's so. Wait, I'll let you start this. Your uncle swindled me out of a lot of free rides. Serves you right for standing me up when I needed you here to keep that soldier from posing to Marjorie. What? Yeah, she doesn't know. And this is all your fault, Hooker. Marjorie, let me explain. Some letters were sent to the wrong soldiers, and he thought that you... it's too involved. Mickey wants to marry you. Oh, is that what he's been trying to say all day? Well, he had me worried. I thought he was trying to tell me that my slip was showing. Hey, Mickey, I'd like to talk to you private. Oh, I might as well do the other half of the job. Send him in. Now, Judge, you and Marjorie go out the other door. Okay, Gildy. Come on, my dear. Do you think Birdie has anything left over from dinner? If she has, you'll have to fight the cat for it. Oh, hello, Mickey. Gee, Mr. Gillislave, this is awful embarrassing to say, but... What? Do you mind not telling Marjorie about our engagement? What? Well, you see, I guess I changed my mind. Now I'm nuts about this little Dottie gal from next door. Gee, she isn't as pretty as Marjorie, but I get a chance to talk to her. You do? Yeah, and she's such a wonderful conversationalist. I'll grant her that. Well, maybe it's all for the best, Mickey. You and Dottie run along now, and lots of luck. You're going to need it. Oh, gee. Oh, thanks, Mr. Gillislave. Hey, Dottie, come on, let's get out of this dump. Oh, gee. Well, I knew everything would come out all right. Uncle, look at this telegram that just came for me. It's from some Captain Earl E.B. at Canstover. Oh, Captain E.B.? Well, I've been corresponding with him. Oh, for you, of course. And what does it say? Um, dear Marjorie, hooray we are being transferred to Summerfield. Hmm? Since you frequently requested the pleasure of my company for dinner at your home, I'm happy to accept for tomorrow night on behalf of my entire company and myself. Oh, this is going to be one of my bad weeks. The great Gillislave will be with us again in a few minutes. But right now, here's an experiment I wish every one of you would make. You see, I've been telling you how delicious Parquet margarine is. But wouldn't it be better if you found it out yourself? So here goes. Next time you bake hot biscuits or rolls or make some toast, have a pound of Parquet margarine handy, then spread them while they're still piping hot with plenty of Parquet. Now that's a real test for any spread because the heat brings out its flavor. Yes, you can tell right away how good Parquet margarine is. Parquet's flavor is delicate, not strong. It's a tempting, satisfying flavor. Then try Parquet margarine and your cooking, too. Use it for baking and pan frying. You'll find that a spread as delicious as Parquet margarine makes cooked foods tastier, too. And remember, no matter how you use Parquet margarine, you're serving your family a wholesome, nourishing, energy food, a food that's a reliable year-round source of vitamin A. So why not try these simple tests and prove to yourself how deliciously good Parquet margarine is? Yes, get a trial pound or two of economical Parquet margarine tomorrow, but be sure to ask your food dealer for Parquet. P-A-R-K-A-Y. Parquet margarine. Made by Kraft. Ladies and gentlemen, I wish all of you would take a tip from your Uncle Mort and do something for your Uncle Sam. Buy more United States government bonds and stamps. There's no finer investment in the world today. For in every way they protect our future. Our choice is clear. Which do we want? Our country's bonds for those of the Axis. Good night. Original music heard on this program was composed and conducted by William Randolph. This is Jim Bannon speaking for the Kraft Cheese Company, and inviting you to be with us again next week at this same time for the further adventures of The Great Gilded Ladies. This program has come to you from Hollywood. This is the National Broadcast.


So I'm going to sell a mic today. I want to talk about shoes proper shoes to lift with and then some of the newer pairs that I've been deadlifting in That I got a lot of questions about the Reebok a boxing shoe. Hopefully you guys Find this helpful choosing your footwear to lift weights in and to be stylish.  I am endorsed by Reebok I am a sponsored athlete by them. I'm lucky boy because I love shoes Hopefully you're not too distracted by my man DJ Khaled on my shirt. He's just gonna be filling in Collaboration video we the best so start with I guess cross your lights. You are this would a fairly common shoe Smelly helped mr. Mark Bell helped consult on these with Reebok There's something I've pulled in for a very long time typically when you're deadlifting You want to wear a very flat shoe when you're pulling conventional? I think it becomes less important this type of shoe You just need a flat and beyond that you can kind of pull pretty good in any shoe So I pull sumo and conventional. I go both ways and this shoe served me very well I love the grip on the bottom The ankle support feels really good when you're pulling sumo The only issue I would say is that it is a fairly wide and although I do have a wide foot when I'm pulling sumo And I'm not running. I'm not jumping. I'm not playing a sport. I need the shoe to fit Fairly tight so then there's no wiggle room I want the shoe to become my foot when I'm playing basketball or something you also want a tighter shoe But if it's too tight, you know, you may have some rub and get some blisters and things like that basketball and the fit Maybe even more important But being a little wide here and I have some wiggle on my toes and in this forefoot And when you're trying to crank down and pull sumo or even squat your foot and I'd have some wiggle It wasn't perfect to be honest, but the grip awesome the only main issue then with the shoe is that As of right now it is discontinued as far as I know, so they're hard to get a hold of you might be able to do Amazon or something This is one of my favorite colorways that they came out with It's a ladies colorway, so I went on you know a size or two up it's a ladies 12 and Worthies for a long time still where I'm here in there. I love them One of my actual favorite shoes. It's a Kendrick Lamar Collaboration club C and I basically just brought this one because I like it. I love how it looks To just to show that something like this You could probably squat in okay, and you could probably pull conventional in just fine Because it's flat ish you guys can kind of see That's all you really need with conventional shoe a lot of people use different skateboard shoes or other brand shoes That are fairly inexpensive and that works well And for many it can work well in the squat also the only thing is I guess personal preference with whether you like some ankle support I personally do like a little bit of ankle support And the number two would be grip I guess if you're really twerking on that thing For the sumo or a slightly wider stance squat Already did a video on this you guys can refer back to that so the Reebok legacy. This is there top-level weightlifting shoe When you're squatting if you should use a heel if you should not mostly depends on kind of ankle Mobility and how you hit depth if you hit depth fine with one of these often you don't need one of these It does change your lifting mechanics slightly It's a little bit more trial and error what you need So I'd probably start with the flat shoe and then if you find some issues maybe experiment with these and see how you like them I've been squatting in a heel shoe for some years now, and I can Honestly say this is probably my favorite shoe as I mentioned before it's it's really solid. It's heavy And it's very comfortable for me. I use I use these straps a lot I don't tie them down that much And I love to squat in them pulling in them Maybe not optimal some people do get away with the conventional pole in a heel I don't recommend it for a sumo pole and I don't typically recommend it for a conventional pole either I think it'll be a very rare case that somebody needs a heel Basically, it's just lifting your heel up. So then your hips Can break your knee which is parallel a little bit easier very comfortable shoe a little pricey But in my opinion worth it now What you guys been waiting for Probably my favorite looking shoe out right now. This is a Reeboks top Boxing shoe. I think they have two different levels. This was a little more expensive because of the leather I believe and the limited colorway this one might be closer to $200 where they do have a more affordable one That's under a hundred. I believe don't know anything about boxing But I like the look of the shoe and I know a boxing or wrestling shoe are fairly flat So I got them to try them out and as you see they are fairly flat The grip is pretty good as well. So I've been pulling sumo in these the only complaint slight complaint I do have that makes them not optimal for a sumo pole I do think they would great work great for any squat or any conventional pole to be honest But when you're really trying to push on the outside of your foot and screw that foot in the lip here It's just a little bit jagged. So sometimes I feel just slightly unstable in the toe box But again, these are made for boxing. They're not made for sumo deadlifting. I love how they look I love the ankle support. They fit very tight. They fit like a glove. So I don't even tie them I strap them up sometimes, but don't even do that Pulling conventional. I've done some box jumps. I've done some different things in this some lunges. All that feels great conventional stiff leg Squats you kind of name it feels really really good. It's just the sumo and this is just me being picky. I've still pulled Multiple PRs in this thing rep PRs.  I don't know I don't box, but I can't complain Squats conventional wave, you know, five stars sumo, maybe four stars four and a half There's all these other options if you guys want to check it out and you want to support me I always have the link in the description for all my favorite Reebok gear They do endorse me as I said and it does give me a little kickback if you ever want to support the channel New video schedule. We're gonna be releasing a video every other day to keep your ADD going So be sure to subscribe turn on the notifications because I'm still hearing that people aren't getting the videos in their sub box So if you turn on the notifications, it should be down here the little bell. You won't miss a video I do appreciate all the support lately guys. So Mike. I'm out of here


The following is a presentation of TFNN the morning market's kickoff with your host Tommy O'Brien Good Tuesday morning everybody. I'm Tommy O'Brien coming alive from TFNN We kick things off this morning folks quite a day to the upside yet again on a 15 minute basis We just pulled back from the highest pre-market S&Ps up by more than 2% right now. Let's take that Fibonacci number off as we blow through those levels Trading at 37.66 not that long ago folks remarkable on Thursday. You were as low as 3500. You're talking about 260 S&P points just from where we were yesterday zoom me in 8 30 a.m. As I was coming on the air. We're talking about 130 S&P points above that price level and we were already in positive territory action putting a remarkable bounce across the board You get the NASDAQ 100 up 2.4 percent right now the Dow up 1.9 percent We'll call it how about the Dow more than 2,000 points you're talking about 2,100 points to the upside from 28,600 to 30,877 We're just off the highs this morning Bitcoin not quite the same acceleration interesting to see There's a lot of correlation there between some of those cryptos and especially the NASDAQ 100 the cues for some time But check it out It is higher but not the type of move that you're getting in some of the other markets Ethereum is just back to where it was on Friday's action. So pay attention to that Crypto's not keeping up with the market to the upside right now crude lower 83 82 on the price of crude we're as low as 83 60 Lower territory yet again on that crude price the gold contract down about four bucks to 16 59 you talk about some volatility yesterday and crude man up to 16 75 We finished out the session at about 16 55 We're technically negative by four dollars on the session in gold silver positive by five pennies There's some volatility on silver as well and we jump to notes and bonds Volatility across the board. We're talking about a 10 year right now 3.97 Percent the yield on the us 10 year and check out the moves in both directions man From thursday's cpi number you get the initial drop you get the acceleration into friday You get a drop yet again. You get an acceleration into monday morning. You get a drop yet again And what do we get we get an acceleration into tuesday morning? We're going to get a drop yet again. It's happened each time folks We've traded higher to about eight or nine in the morning each time Okay, whether it's thursday coming into the cpi whether it was friday coming into the open and look at that monday yesterday nine Nine o'clock in the morning you saw a high before we had to sell off in the 10 year We had to sell off this morning at about midnight I say this morning as early as it can be from midnight until 5 30 you're pushing higher yet again But this is the time the markets like to sell off recently over the last three days We'll see if it holds and let's jump to some currencies Dollar index continuing lower. We got a 111 handle basically at the lowest yesterday But that was quite a sell-off man. You go from 113 to 112 just like that You're now below where you were on the acceleration thursday for the cpi you jump over to the euro us dollar catching a lift now On a daily basis folks we've been talking about these trend lines bringing them up keeping on our radar You know if you're looking for an area to sell the euro us dollar and I am not a forex trader folks Uh, but that's a pretty well-defined channel line and we got lower lows and lower highs You've caught a little bit of a bid We're up to 98 five But as it shows somewhere in the range of the upper boundary of that channel line on the euro us dollar We'll see if it holds we'll see if we can get above it currencies always important for the market these days We jump over to the pound, which is its own animal these days pound back within the channel line But still a negative channel Not quite as well intact as the euro us dollar and we jump over to the end And it just don't stop on the end man 149 28 is the high earlier today folks should take a look at it. Whoops Back out a little bit. There's your volatility up to 149 28 volatility at five in the morning We're still sitting in 149 right now that yen It looks the weakest of them all at least when you're talking about the euro The basket of currencies and the dollar index or you're talking about the pound There is no reprieve right now for the dollar yen I was listening to my dad's program yesterday and yeah, I mean gold folks You know gold could be a lot lower if The it just wasn't getting decimated on a currency basis because you're talking about in march going from 150 to 150 Okay, now gold Quite a pullback. Okay. Gold was at 2078 so very related. It's been negative territory since then right from about 200 This is a daily though folks. It was only above 2000 for two days. So we've created from about 2000 to 1700 Okay, well at the same time. We've had the one yen go from 115 to 150 if you want to have your mind blown I'll pull it up sometime in the program folks. We're going to talk to our man. Kevin Hanks in the next segment Sometime after that I'll pull it up. You can pull it up yourself just Uh look for what gold has done in other currencies shouldn't be surprising right the yen Hopefully tfnn if we have any Listeners out there in in japan. Give us a call. Please somehow send us an email Tommy at tfnn.com if you're holding any gold in japan, man, you have made out like a bandit Uh, so yeah, it doesn't seem like it's a store of value over here as the dollar is crushing everything across the globe But that's not always how it's going to be folks We are in a unique cycle right now And I know they say this time it's different and it's not always different. Okay, but it's hard to deny What is going on in terms of the strength of the u.s economy that is weakening? But we have the strength to come at it with the rate hikes We have the inflation that's going to force us to come at it with the rate hikes Yields are showing it as the 10-year hovers right near 4% right now. Uh the yield curve showing a possible Recession with the inversion going on Uh, but yeah, we see it in in the currency action And it's not always going to be that case a lot of things line up right now for the us dollar Right and the trends no man is talking about I mean this trend right the dollar index Now this one is just since february where you go from 96 to 111 Okay, but put it back on a three-year weekly Yeah, and you're basically talking about this move started in may of 2021 and you're talking about a move That's 17 months in the making the dollar was at 90 at that time may of 2021 Accelerating higher over that time remarkable man when you look at it Let's look at the dollar yen going back on a three-year basis dollar yen You go back to the beginning of 2021 and you were actually a 103 And that that was quite I mean even a move last year Which is dwarfed by the move this year in the end from 103 to 115 That's a pretty large move on a percentage basis when you think about the buying power it would have We'll pull up the chart of the dollar in the end Just to illustrate how much money has been made if you're holding Gold in any of the currencies that have gotten hammered in the dollar index not so much the case But that will not always be the case as we know Taking a look at the s&p's right now Zooming in on the action they were talking about this in the den earlier Take a look at where we are From the september 13th high folks To the pullback. We're right at that 3a2 of about 36 37 61 37 62 We're sitting there at that price point at 37 63 right now on the s&p's We'll see where we go, but always a critical area of the s&p's now. It's interesting man.  We have a big week earnings man netflix this morning. You're up by about four bucks This thing accelerates higher from 230 to 250 almost yesterday back to 245 We're up by five bucks today. They jump over to the analyze tab They are out with their numbers after the bell today and that's a premium for you folks $26 and 73 cents netflix in terms of the Expected move in one way or the other so you're talking about more than a 10 move on their numbers after the bell It's been all paying recently But we'll see I mean interesting right we're trading the prices basically of that first sell-off on Now two earnings ago. Yeah, I guess that's not the first sell-off That was the big drop at the beginning of the year. All right, folks stay tuned We'll be coming back talking over and Kevin Hinks from fast market TD Ameritrade network. We'll be right back folks 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 civc capital market assistance and evaluating alternatives and in completing an accreted Transaction. Vista gold trades on the nyse american and tsx under the ticker symbol vgc Vista gold executing a strategy to create shareholder value 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. 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Just visit the front page of tfnn.com Welcome back folks. We get the s&p futures up by 73 points right now. You're looking at the nasdaq 100 you're up 257 That's a solid 2.3 percent in the green right now You get the s&p's on a percentage basis right at 2 percent in the positive Let's jump over to our man kevin hanks folks every trading day right here And I believe we have kevin. Do we got kevin on the line of my producer? I believe we do Every trading day folks we have kevin and tom white and the team at tda merit trade network At 12 noon eastern time with fast market folks We're lucky to talk to kevin every tuesday and wednesday and thursday and kevin hanks the last time I talked to you man I had to pull it up on the thinkorswim platform. I got the s&p futures thursday At about nine o'clock the s&p's were trading at about 3500. I pulled out my calculator kevin I said we're 260 points higher. I said what is that the calculator told me 7.4 higher since we last talked to you And I had to have a good laugh. Good morning kevin hanks. What's happening, man Tommy or brian, you know Someone asked me the other day at the market's going up or down. I said yes, they are They're they're gonna move. Tommy, you know I'm a big fan of watching the news flow right watching my macro economic data But also watching the news flow and the news flow right now void of any macro economic data remember we have a very light Week for economic data this week not till next thursday and friday of next week Do we get any significant top tier economic data any inflation data is next friday the 28th? So we've got some room here and earnings. Let's face it have been fairly positive so far now It's been financials and it's been Airlines that have mainly come out but johnson and johnson came out today And so we've got some positive earnings now, you know goldman factors up this morning And their earnings beat expectations, but still down 43 percent from a year ago So everyone has to understand that their ceo david solemnly came out and basically warned that a recession is on the horizon so You know, this is probably Something that resembles a bear market rally a long connect go. I have no idea but the You know the high frequency trade has got this market on the news flow Ahead of the opening here. We'll see what it does once the market opens, but wow, there is some serious Movement going on here. Tommy It is pretty amazing the volatility kevin. We have the vix right now actually trading lower Not too surprising with what the market's been doing Pair in some of the gains but still sitting at a pretty healthy number about almost 31 right now I got it at 30 85 on the thinkorswim platform Yesterday it drops kevin the the vix from about 32 to 31 right now pretty strong numbers jp morgan I talked percentage with you on the s and p I just pulled it up since we talked to you at 9 o'clock on thursday jp morgan is up almost 18 percent From like 102 to 118 just huge moves across this market. We get A company that's had some huge moves recently netflix after the bell tonight What are you guys talking about on the program coming up at 12 o'clock today kevin? Well, you you you just got it. Tommy. We're going to talk about netflix About united airlines. We're going to look at the other names. Let me see what our third name is I know we've got united airlines in netflix and then we'll look at proctor and gamble a Another consumer staple. So yeah great day of of earnings trade today. Tommy You know what let's I'll throw a little bit of a proctor and gamble and maybe netflix netflix What do you think of amazon now that they have the thursday night football kevin for the streaming? I was talking to friends recently and so they're going to be selling ads I think it's about 500 000 a pop for 30 seconds They said that more people signed up in that three hour period on the first week They had it than any time ever not really, you know Too important of a number in terms of their market capitalization But I started thinking kevin who has more data on consumers, right some companies, but never amazon is a big one What would it be like for a company like proctor and gamble man? Where you're literally and maybe they can't do it just yet But you know, you're saying serve serve ads to people watching live nfl football That you know, haven't bought detergent in three weeks But have bought it recently in the last two to three months What's your general take as we come into netflix earnings tonight how that whole that whole area is changing in terms of streaming and live sports now Yeah, let's talk about amazon and proctor and gamble how much Proctor and gamble product. Do you think it's sold on amazon on a daily weekly and monthly basis, right? a consumer staple with a massive portfolio of products and so You know, I don't know If e-commerce and retail is going to be the difference maker going forward for amazon But you can't argue with what that that they've taken over in many ways e-commerce and and shopping in general now I still think the biggest part of their growth is amazon web services That's where this company is getting their growth. Remember amazon is starting to get into health care I think that's where they'll try to grow in the future. Remember remember what amazon does tommy amazon attacks middlemen And margins high margin businesses. That's what they go after You know, so retail Though they're massive that's probably not their future in terms of growing the company and growth It's these other places. So amazon's an unbelievable company to watch I think Thursday night football has been an enormous success for them targeted advertising if that's what you're looking for That's what amazon is offering. So yeah, it's the the evolution of this part of the economy tommy just incredible It's a great take man. I appreciate the take as always. I agree with a lot of it And uh, yeah, I mean it's a game changer number one They're spending a billion dollars a year for it folks and they don't get the best games There was one statistic. I think last thursday kevin saying there had been 45 straight drives and only one touchdown recently on thursday night football They said that has some tough games. I think it was zero zero going into it But hey, hey that that was my chicago bear's left left left Thursday. So I appreciate I understand the lack of offense It's uh, but either way guess what people are talking about it, man And they don't they they have so many ways that they can capitalize and I just thought you know And exactly like you say folks procter and gamble I'm looking forward to you guys covering kevin It just made me think about it because that was the exact example that I had used to my friends saying man Can you imagine right that lineup of products and you can literally pin down because I do man I order every from folks. I just ordered pacifiers on there man kevin You know, we still got a little baby in the house likes pacifiers man. I order everything pull up amazon It's done. It's here tomorrow Interesting where we go and we look forward to the conversation on netflix coming up tonight kevin We appreciate the time as always man. We look forward to the show at 12. We'll be watching today and we'll talk to you tomorrow Thanks for having me on tommy. Have a great day. Always a pleasure folks tuning. You heard it they're going to be talking about a little bit in netflix tonight. They'll be talking a little bit of airlines as we get United jumping over united their numbers after the bell two dollar move right now So you're talking about just over a five percent move priced in for united We jump over to procter and gamble. They'll be out with their numbers tomorrow You're talking about a four dollar and 34 cent move and if you're not familiar folks I'm going to pull up after this break. We'll come back for the open At 9 30 we go to break in about 60 seconds right right now And I'll pull up the procter and gamble Line up of goods because even if you understand how big they are if you haven't looked at it going down the list It seems like they offer every single thing in in the entire grocery store Whether you realize it or not They have every single thing in terms of you think that you you got three different choices for detergent You don't have three different choices for detergent You have three choices that all result in you buying some type of detergent from procter and gamble As in they have a lineup that even competes with itself. All right with that in mind Where do we go on the open folks? We get the s and p's right now up by 80 points right near the highs of the session That's 2.17 percent in the positive nasdaq 100 your 2.5 percent Kevin talked about amazon quite a couple days man. I think yesterday I saw it was up 6% clawing back what it had yesterday. Look at this morning You're gonna open up more than five no about five dollars four dollars and 50 cents. What is that pushing three to four percent open? On uh positive on the open for amazon All right folks stay tuned. We'll be right back time of blooming inflation. 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We get the markets open You're looking at an s and peak positive by about two and a quarter percent NASDAQ 100 You catch a lift almost to the session highs pre-market up 2.7 percent the dows up 5 89 That's almost up 2 percent. How about the rustle up 2.2 percent as well We jump over to the vicks right now vicks negative action But not as much as you may think man think where we are pay attention to this. Okay folks. I always Bring this up. You have the vicks right now trading basically where you were for the middle of the day yesterday Market dramatically higher from where it was middle of the day Yesterday zooming in that level in the s and p was at about 36 93. What's that telling you? As this market has drifted from 3,700 to 3,780 the market said no way man We are just as volatile to the downside right now with keeping the protection We have in place in place and willing to pay the premium to put that protection in place is staying there People are not willing to accept less premium because the expectation that this market could sell off because we've seen it before folks But it's not happening just yet as it holds the gain so far on the open right now We're up by 85 points in the s and p I talked about proctor and gamble real quick to go through some of them because I was doing it during the break folks It's just remarkable most of all how they compete with themselves with brands within the same categories You talk about baby care. They got loves and they got pampers You're gonna buy one you're gonna buy the other either way you're buying from proctor and gamble let alone some of the others in there You got bounce bounce some good old paper towels in there downy right when you talk about laundry I talked about it. You buy in tide or you buy in gain you buy an era Either way you're buying proctor and gamble along with the other brands. They have in there bounty charmant puffs feminine care Razors geletta brawn either way you're going with proctor and gamble venus. That's right head and shoulders herbal essences old spice classic And a new one uh pantene right going down the line folks It is remarkable that company and I really don't have a position in them whatsoever I have traded them before uh, they are everywhere though and To think about what they would be willing to pay for that type of action when you are talking about willing to uh Serve up. I mean think how much more valuable those ads are to a company like proctor and gamble with the targeting amazon could have When they're literally buying the product on amazon It's going to be folks that you're buying the product. You're literally watching prime Within amazon on a web browser, whether it's on a tv or not. You click the button You you hit buy as the ad is up there. You're going to be able to hit buy it's happening Um, so amazon they spent a billion dollars of it on it One of my friends keeps bringing that up and it is a lot of money and most companies would not be able to recoup that money Now I do have amazon I've been in amazon before a while even as they pull back and I haven't put a spot on man The growth is in aws for sure in terms of cloud computing It's really cool though I think that they have the retail side that they dominate so well and man They do processes so well and he was right they target those areas man Where there's a middleman with a some margins health care if they ever crack that one man They will just skyrocket to the moon and somebody should crack that Whole sector in terms of the middlemen and the type of money that gets siphoned out because of how Unaware people are about prices because it's a third party system. Most people have insurance, right? They just get billed. There's no price discovery. The whole market is skewed in their favor Somebody should be able to change that and amazon is trying and most of the time when they're trying And I think they're going to be pretty relentless on this one because it's such a reward at the end of things But man they can recoup that billion dollars because not only are they signing people up But then they're selling ads and they're selling the best kind of ads I can imagine man If I was in proctor and gamble, I would just want to be all over it I'd be telling amazon listen, you got to get more live sports man Get people glued to your television where I can just serve them up ads that they can click with their mouse Well, they're watching tom brady play patrick mahomes, right? Either way you get the point man s and p's now. I also talked about gold in the end So jumping around a bit. Let me pull this up real quick as I had it. I had it all set What happened here? Let me pull up the month. There we go. Uh, this is just over at kiko Okay, which is an internet site that has gold prices over there. You can put it into different currencies You'd see this on a lot of the different ones folks But this is the gold price going back and look at the run this thing's been in since basically august uh, yeah august of 2018 september of 2018 there's june Of 2019. This is a monthly chart. We're looking at here. Okay June of 2019. Let's see what the dollar yen is doing on june of 2019 Give me a moment while I pull this up 2019 Yeah, so we had the end at about 107 right and it's actually interesting that you did have gold take off a little bit prior to You actually had the yen take off because the yen really took off from about 103 in january of 21 So taking a look at that chart. Yeah, it just keeps resetting when I jump away from her for some reason That's all right. So when you look at that chart january of 21 Where were we then? Okay, so gold in yen you're looking at about 183 000 yen And so you're up about 33 in the gold price since that time And that is from january of 2021 whereas if you take a look at ours Of course, let's see where we were in january of 2021 Yeah, so if you're trading it in yen, you're up 33 in gold if you're trading it in the dollar You're down about 200 you're down about 11 or 12 percent But you see that you're only down 11 or 12 percent In the gold contract at a time when you have had the dollar index now, let's go to the dollar index over that time Okay, since january of 2021 Right, look at that. You've had the dollar index go up 22 percent 23 percent you're up by about 21 or 22 on an index that started about 90 So 18 would be 20 percent So you're looking at somewhere around 21 or 22 dollar index up 21 22 percent gold Down about 12 percent over that time if you held gold in the yen over that time you'd be up 33 percent Over that time interesting how they're all related and they are all related And I bring it up especially now that's the monthly. Let's take a look at things on a five-year weekly Okay, this is the dollar index and folks they trend forever, man But we're almost running into forever this dollar index as as my dad started talking about it last night Man, you're like a year and a half A year and a half now the trend really accelerated the beginning of this year Okay, as the fed took off But boy it started last year man even last year you go from 90 to 96 to begin That was a one-way move and then you really accelerate from 96 to about 115 almost the high you're sitting at about 112 Eventually this will roll over roll over folks. Uh, we'll talk a little bit about When you start getting into the fed Eventually they will reach a level folks. The fed is determined. They're going to get there. Okay They're going to get to a point that is going to impact this economy and tame inflation The worry is that they're going to do it and it's going to hurt the economy too much. Okay, they're going to get it done There's no way they're just going to let inflation run at 8% Unfortunately, I think they have to do some damage to this economy. There's no way around it, right? The problem is we had too many jobs open people had Too much money. The economy is doing too well. Everything was too high housing prices were through the roof Investment portfolios were through the roof. There's 11 million jobs open so that Consumer prices were rising with supply issues and then people were able to pick up the slap slack by getting more in income Eventually they're going to tame that but they have to calm the economy to do it and to thread that needle is almost impossible I think at this point, especially with how inflation has persisted It would have been one thing if maybe right out of the gate, you know what inflation wasn't as persistent as maybe some thought They start raising rates Everybody pulls back really quickly. No, that's not the case man This is persisting in a big way and we'll see how crude plays into things as well because crude That's going to help energy prices are always going to help when you're talking about prices And so even over the last what is that eight days? You've had crude trade from 93 to 83 right back near the lows we've had into the 70s potentially stay tuned folks Come back in three minutes 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? 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Sorry for that. I was jumping around on my other screen pulling up a couple things I want to go over. We have the s and p's right now up by 75 points market holds on to the gains pretty well right now You have the nasdaq 100 up 260 That's 2.4 percent the positive in the dow right now up by about 5 78 taking a look at the bounce that we have going on You take a look at the dow. Okay from the september third From the september 13th high We have the dow right now trading just above the 50 percent retracement on that number you when you take a look On the s and p's we're just bumping into that 3a2 in the market kind of holding right near that level right now Within a couple points 37 60 to 37 62 that area we're trading right now at 37 65 We've talked about the i bonds from the treasury Folks and taken a look so they just announced our least experts. They're just analyzing because they have data Probably from the cpi in terms of what the next interest rate is going to be in november that next interest rate is going to be at about 6.48 percent if you were thinking about getting these bonds folks i talked about them before And let me just pull up the website real quick It's treasury direct.gov that you pull them up you create an account you tie it to your bank account You can buy 10 000 of these series i bonds. They're tied to inflation Right now you can get 9.62 percent For six months guaranteed is the rate Okay, and the next rate for the next six months is 6.48 now the rate resets Every six months so in november there's going to be a new rate But if you get those i bonds in the month of october you still have time to do it folks Okay, and each person can invest 10 000 per calendar year in electronic i bonds at treasurydirect.gov okay, here's the Page right here and they even have the series i bonds highlighted directly on their Web page and this is the treasury folks that you are at okay 9.62 percent That's the rate they're going to get reset and when they get reset it's going to be at about 6.48 percent Okay, now that you know that rate as well Well, you can take the 9.62 that you know you're getting over six months You take the 6.48 that you're going to get over the next six months because here's the key You have to keep these for at least a year And you pay a small penalty if you keep them less than five years But the penalty is you only give back three months worth of interest Okay, so let's run this In terms of what you can potentially get just for a year if you keep it the minimum year You take it out you give back a quarter Of the year's interest. What are you getting well 9.62 plus 6.48 you're getting about 16 percent Divided by two the average eight percent is what you're getting for the year Okay, because you're going to get 9.62 and it's actually going to be a little bit more because it does get compounded Then you'll take that money and you'll get 6.48 Over the next six months that puts you at about eight percent if you have to give back even some capital You want to take it out right at a year you have to uh, you don't get that full interest rate fee Well, what do you have to give back? It's just two percent because that would be a quarter of it What does that kick you down to that's meaning that minimum you're getting six percent guaranteed After the fee for 12 months And six percent folks is well over the one year cd rate going on right now I'll pull that up as well at some point But take a look at it because the 9.62 is only available until the end of the month So you're talking about running into that time still have time But you want to create that account tied to your bank account and you can get that done interesting to see that Okay, what else do we have going on starboard? Yeah, they like sales force man starboard Higher today we'll jump over to their shares Uh significant opportunity remains in the enterprise software maker That's them. Uh, they come in significant stake without specifying the dollar amount starboard Interesting to see what they do with that an activist investor is how they're going to spur them on We jump over to sales force. They catch a 5.5 pop. We have pulled back on them Yeah, they were up to 160 and this stock man We did have this stock at some point in my newsletter We got out with the stop thankfully as in not the max pain For the pullback because boy it has been quite a pullback indeed. They bought slack for what 27 billion dollars something like that And uh growth stocks just been pummeled to say the least this thing basically cut in half Even at this price point and that's the first bounce you've gotten for a while. But guess what? Those activists investors they probably saw this stock go from 311 to 160 and said hey finally there's value man This thing's been at this price point since about may and you're trading even lower to 140 Let's jump around see where we are on terms of market capitalization. So they're out with their numbers Late november and We're talking about a company 156 billion dollar market cap right now for uh sales force Yeah, and the market fading a bit. Let's see. We'll jump back to a short term S&P is now down just slightly less than 2 percent. We're trading at 37 60 right now be interesting to see how this holds man because It's it's going to it's going to be interesting folks to say the least It's quite a lift when I talked to kevin, right? We're up 7.6 percent folks in the s&p's at least we were yeah 37 60 I was using we're up 7.6 percent from the last time that I talked to kevin. It's wild What happens folks when I talked to him on thursday morning, right? We've gotten some economic numbers Thursday morning. We always talk to kevin just before the opening bell Okay, so the market sometimes reacts out of the gate as it did on thursday And we are literally 7.6 higher than we were keeping in mind man the market Are we really going to trade up 15 percent from the lows of thursday? I don't know But guess what I wouldn't have put it at 7.6 percent at that number of 3,500 not exact Excuse it doesn't mean you had to be selling at 3,500 But this is quite a lift in the face of what the inflation is saying and what the Fed is willing to do Excuse me and where we are All right, what else do we have pulled up? Let's jump around Yeah, let's talk about bank of america. So they're talking about screaming We've got a lot of cash out there. That's what they're talking about as well The bank's monthly global fund manager survey screams macro Capitulation investor investor capitulation start-of-policy Capitulation even they wrote in a note out today They expect stocks to bottom in the first half of next year after the fed reserve finally pivots away from raising interest rates Pretty reasonable opinion folks the feds going to keep hiking. They have some ways to go now What's built into everything here though is that the fed continues their hiking cycle for three or four months We see an impact in inflation rates. They can let off the gas a little bit The lag allows it to keep up and inflation goes away It's possible. But man, we've seen everybody's so wrong for so long So just make sure you got the spikes up on your back, man Market liquidity has deteriorated significantly noting investors have 6.3 of their portfolios in cash the highest since when? April of 2001 and then a net 49 Percent of the participants are underweight equities taking a look at the numbers. Okay. Now. This is the cash level Pretty simple to understand. They just said what are we at 6.9 percent? 6.3 6.3 percent of their portfolios in cash the highest since April of 2001 You look at that number Okay Man, I mean you are going back to 2001. Look at even where we were in cash to some of the market collapses, right 2008 2012 16 April of 2020 you never even got to that number in terms of the number of people in cash as the market sold off during a pandemic Yeah, as the earnings season gain traction 83 percent of investors expect global profits to worsen over the next year 91 percent say global corporate profits are unlikely to rise 10 percent or more in the next year just a lot of pessimism man across the board and Yeah, and then let's jump to the actual goldman numbers now. We've had some strong numbers in banks, man I talked about it. You want some percentages jp Morgan, right? Up about 18 percent folks from where it was coming into thursday on the cpi at about 102 You make it to 120 this morning. That's up. What 18 bucks. Yeah, not quite 20 percent Quite a run you're backing off a bit on those numbers right now for jp Morgan But Goldman Sachs will go over it because The banks are in an exceptional spot right now for fixed income trading and for net interest income without that Let's see how the rest of the companies do. 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We have a little bit of a deterioration. I mean tough to call it a complete deterioration You still have the s&p's up 1.6 percent right now We get the NASDAQ up 1.7 percent But we got to sell off man NASDAQ 100 just dumped more than 1 percent from where we were S&P's right now you're up 1.6 percent. What do we just sell off 30 points 30 points since the open on the s&p's the Dow right now We just gave up 200 points in the Dow. You jump over to crude Look at that acceleration on crude man 82 71 gold contract down about six bucks Let's see how the dollar index is trading right now dollar index Uh a little bit of a lift as the market sells off a bit We'll jump over to the vixx as we get to sell off the vixx right back to 3107 right now And as I stated folks when we're at the open the s&p's were up 80 points from where you were yesterday And the vixx was right at the same level Pay attention when you get that type of action because guess what the vixx is selling you yeah We're high up our 80 points But the market is still not willing to move the premium and the ability for people to pay that premium thinking that markets could accelerate lower And you're seeing it in that bank of america sentiment right jumping back to when we came into that break talking about We're coming into earnings man. We get netflix after the bell tonight We get ibm this week. I believe ibm's tomorrow. Let's jump over real quick as we wrap up ibm earnings They are tomorrow we get tesla earnings. I believe thursday No tesla tomorrow As well yeah tesla tomorrow as well netflix tesla ibm among many others now we got goldman today They are higher holding on to those gains up by 3.8 percent all the banks dramatically higher jp morgan up by 2.5 percent today bank of america Up 3.5 percent today, but folks those numbers for goldman, right? I mean the banks are in their own class right now The net interest income numbers they all even beat the expectation and they're through the roof and they're probably going to be going higher Is what everybody figured out Bonds have been crazy. We saw this happen during the pandemic fixed income trading through the roof. You're talking about uh Trading operations 6.2 billion Okay investment banking is sliding big time But these banks before In terms of what they make for that trading revenue exceeded the 5.7. They were looking for investment banking fell 57 percent Banks are in the class of their own man. They kick things off But it's really going to matter right now when we talk about the companies that we're going to get like ibm procter and gamble netflix tesla Thanks for tuning in folks Stay tuned live programming all day basal checkments coming up right now. Have a great tuesday everybody