D5 Render 2.4 available now, ultimate real-time rendering with a leap in effects and performance. The latest version comes with 3-5 updates including the brand new D5 GI, subsurface scattering material, optimized emissive effect, path tool, and multiple frame rate options. In this release, the D5 Asset Library is also updated with 500 A2 new assets that include hedges, subsurface scattering models and materials, dynamic landscapes, holiday assets, and backdrop plans. This video will walk you through some amazing updates you need to know about D5 2.4. We're proud to introduce the brand new D5 GI, the updated Global Illumination Solution developed by D5 team, which is a milestone in this release. Applying advanced algorithms including Restur and Surfall, the new D5 GI ensures your smooth and stable real-time rendering experience while providing a boost in the accuracy of lighting. One of the biggest noticeable changes is increased bounces of skylight, which leads to sufficient lighting, even deep inside an interior space. You're able to light it up nicely without adding artificial light. Indirect lighting cache of high precision is supported to bring more realistic lighting transitions into the scene. The new D5 GI retains more high-frequency details of the shadows and tackles the problem of rendering a flat-looking scene caused by denoising. The transmission effect of foliage is significantly improved so that the leaves of vegetation assets will have a clearer look. With the breakthroughs in real-time rendering effect and performance made by optimized D5 GI, the inconsistency between viewport preview and the final output is almost eliminated in this version. We are relentless in the pursuit for an ultimate emissive effect and with 2.4 the emissive material is further optimized for a variety of rendering scenarios. Multiple bounces emitted from emissive material supported D5 guarantees you accurate global illumination even with only emissive light sources. With the new algorithm emissive lighting in D5 avoids completely dark corners in the scene like cornice while presenting a softer lighting effect. Curve light strips with emissive material applied can now illuminate the scene properly and more accurately. The color emitted from emissive maps was previously in D5 a result of the average color of the map. We've corrected it with the new algorithm to calculate the color of the maps with more precision so the emissive materials give off lights accordingly. This comes in handy when applying emissive material to LED light signs or billboards. Subsurface scattering materials are now supported to simulate semi-trends and objects such as jade, wax and human skin. It's utilized to enhance the object's look with more natural details. Subsurface scattering is a top-level rendering mechanism for the effect of light transport where light traveling through the surface of a translucent object is scattered by interacting with the material and exits the surface at a different angle. Calculating light interaction beneath and out of the materials is a huge amount of work especially for real-time rendering but supporting subsurface scattering proves necessary for the photorealism of rendering. Now after trial and error D5 team made it happen and we'll show you how subsurface scattering works with this marble material. Select the material, change template to subsurface scattering and add a marble texture map to the base color map slot. Here subsurface color determines the color of scattering light inside the objects. Brighter colors lead to more translucent of the material. Scattering intensity is the multiplier of the subsurface color parameter. Once the subsurface color is set you can further increase or decrease the translucent effect of the material by pulling this slider. A collection of subsurface scattering assets are available now in the D5 asset library such as jade Buddha, candle, fruit models and also jade wax materials. To make D5 even easier to get started with action tips are added to the lower left corner of the viewport. You can turn it on in menu view to see corresponding tips and shortcuts while rendering. Path tool is also optimized to make scene building more convenient with customizable path corner nodes curve or linear. You can set it to linear to draw right angles and adjust smoothness parameter to customize the corner angles which helps a lot when it comes to rendering an avenue or crossroads. For vegetation paths we supported setting fixed spacing distance between the vegetation assets. You can use it to generate a corresponding number of models according to the spacing distance value. Random offset is no longer related to the length of path so there won't be the problem of a larger actual offset distance for a relatively small offset value caused by a longer path. In addition to the static D5A models D5 vegetation characters animals vehicles and more models can now be added to your local library and exported as D5A models. It is also supported to group any of these assets and add them to local so you can easily grab and use the combo in other projects. The algorithm of vegetation scatter tool has been optimized to fill a chosen material with vegetation and avoid leaving a gap making a lush and dense hedgerow. Scatter models with single series in their names from nature hedge category set the density parameter and check a line to terrain to quickly fill the block and create realistic hedges. Using eraser or clear tool you can apply it to only a selected surface by holding shortcut key ship. Blend amount setting is newly added to grass material to control the blending level of the base color maps for the ground model and grass material. Lower the value and the base color map of grass will have more influence on the overall color. Cull distance is added in preference rendering. When you specify a cull distance value for preview and output respectively the smaller models mainly grass and other plants. Beyond that distance will not be rendered in preview or final work as you chose. This will boost rendering efficiency. For models in the object list you can now right click on it to choose drop vertically so that it lands vertically on the nearest object surface. Check drop along the terrain so when the model falls on the nearest model it also rotates itself according to the normal of the model surface. Z depth mode is now available in effect style. It works on a grayscale value range and the colors of points range from black to white based on their distance from the camera with black being closest to the camera white in the background and grain between. Z depth is supported as a rendering effect for images or videos and also as channel export. It's often used to add depth of field effect or to simulate thought. A focal length parameter is added under field of view which can be used as the equivalent focal length of film in real life photography. When matching a real camera and rendering camera setting you can align the picture information by entering the corresponding focal length value in d5. This helps you get the same view in d5 as the reference photo. We fix the unexpected tilting and perspective distortion by correcting the two point perspective algorithm and now the animation transitions between two point perspective and perspective view in video mode will not produce flickerings. Another change is that you would need to press f8 or p to exit the two point perspective view now. More frame rate options are supported to bring better visual experience and more freedom in editing. You can choose from 24, 25, 30, 60 or 120 FPS for output in video rendering settings. Another optimization in the search function. We replaced the highlighted search results with a filter to show you only the objects containing the keywords which should save you quite some time doing the searching in the resource list. Clearing autosaved backups or imported models is supported in menu, file, clear data to delete the backup files automatically saved and imported models except for those already placed in the current project. This helps reduce project file size, making file storage and management easier. Another update to help you with resource management is the option in rendering queue to close d5 automatically when rendering is finished. d5 asset library update. Five hundred eight to two new assets are released in d5 built-in library including Asian characters, dynamic vegetation, backdrop planes, holiday assets, water particles, dynamic accessories, threes materials and models and more. One hundred eight new Asian characters originally scanned and made by d5 team. New category of slightly moving characters to achieve lifelike quality while ensuring high performance rendering. New backdrop planes in landscape category to decorate the distant skyline for urban, mountainous and wooded contexts. New animated water particles under particles. Fluid including fountains and water flow particles with scale, reflection and color parameters enable. New low resource consumption option for fountain particles. Turn it on to reduce resource consumption in preview and output will not be affected. One hundred twenty eight new dynamic macrofan or a fight vegetation to breathe life into your scenes. New color temperature control for interior parallax models to suit different vibes of the scenes. New holiday assets a special collection exclusive to d5 that includes firework particles, animated decorations and holiday accessories. Set off customizable three d fireworks in d5 to light up the sky. All right that concludes the video for some major updates in d5 2.4. To learn more about what's new in this new version please go to d5 form for the complete release note. If you're curious about anything that we didn't cover here feel free to leave a comment down below and we'll come back with more tutorials for you. Open your d5 now to have a try the demo scenes and there are more scenes free downloadable on d5 forum scene express section. See you in the next one.


Today I'm excited to welcome one of New York City's finest mixologist and restaurant owners. He also happens to be a very good friend of mine. St. Jean-Frasel joins us to talk about longevity in business, crowdfunding his new restaurant, and his plans for the future. This is School of Hustle, the show of refined advice and inspiration from people who are making their own way. I'm Shannon, the VP of social here at GoDaddy, and I live and breathe the hustle of business. Today we're filming from the hustle of it all at the WeWork Times Square in New York City. Well, welcome. Thank you. It's so great to be here.  I love the warm welcome from the team. We've all been excited to have you because you and I go back six years. Yeah. And it means a lot to have you on the show. Well, it's really so nice to be here with you. Well, six years ago when I moved to New York City, I stumbled upon Fort Defiance. Fort Defiance quickly became one of my favorite go-to places in New York, saying a lot because there are a lot of restaurants here. Oh, yeah, sure. There's endless choices. What is it that you do every day to get people like me coming in time and time again? Well, I think the success of Fort Defiance has to do with the way it relates to its neighborhood. And I'm talking specifically about Red Hook, Brooklyn. There's something about the post-industrial waterfront charm of it. The views of the harbor. It's special. It really is. It really is. So what is it about going and designing your menu and building a menu that gets people coming in over and over? Well, at Fort Defiance, we really try, and this is sort of the way that I think about a food and drink in general, is it's really hard to do the simple things right, but it's important to do them right. And so instead of doing something flashy or jumping on a trend, we try to do some basic stuff just as well as we know how to do it. So I bring up the Irish coffee there, which is very well-known. And it's like there's only three ingredients in the whole thing, but it's really well-known because people can't get an Irish coffee that tastes like that anywhere else. Now, can you share what the ingredients are or are they secret? Absolutely. No, there's no secret to it. It's a secret sauce, no? So we heat the mug up that it's in. We add Irish whiskey and sugar, and we heat that first as well, so now everything's hot.  Don't sweeten it. Just pour that on, shake it until it's nice and thick and pour that on top. And it's that moment when you drink it, where you get the hot coffee and the cold cream, that's when an Irish coffee is all about. Your commitment to making simple recipes, but at the highest quality. That's it. That's what it's all about. And you said something also about making Fort Stick is around the idea of leaning into the community and the geography. And I'm glad you brought that up because I did want to talk to you about Hurricane, I guess, Superstorm Sandy. And it was a time where when Superstorm Sandy hit, the community of Red Hook pulled together to help each other rebuild. So I wanted to bring that up because what you went through through that, to have that kind of a setback and rebuild. How do you have taken a ton of effort? I'd love for you to tell me about that. So the day of the Superstorm, you could see it just like walking up the street. And it was like, oh, this is like, this is actually terrifying.  And I knew at that moment, just from the elevation of the restaurant, that the restaurant had about a foot of water in it or more, and that the basement would be completely full of water. So I didn't know what to do. You know, we were only three years into operation at that point. And I was really at a point with the restaurant where things were tough.  It was still, you know, a moment in time when people really didn't know where Red Hook was or how to get there. And so there was a moment where I was like, well, this is it. This is, you know, I'm going to hang it up. Like this has been a fun three years, but I'm beat. I'm tired. And this is like, this is too much. I mean, you're describing challenges about awareness and people getting into Red Hook. Now you have the challenge of rebuilding your entire basement, restocking everything that just was underwater. That's a lot. Yeah. So what happened was the first day I was in there, which was the day after the storm. People showed up and offered to help. And that happened from... I remember that. The storm had just, was not even 12 hours old. And still people were in the neighborhood and they were like, what do we do? And how can I help? And you rebuild. Yeah. And it's thriving. Yeah. We reopened like right before Thanksgiving that year. So we were closed for only about a month. I loved seeing the community come together. It was great. And the same spirit is actually reverberating in your life right now because you are also in present day time, you are rebuilding something else. Yeah. This is so crazy. I cannot be more excited. I mean, I... Stingen. Yeah. This is wild. It's wild. Stingen is rebuilding an old iconic New York chop house in Brooklyn. Yeah. And you have crowdfunded this entire endeavor. So community is coming together once again and we are rebuilding once again. And we're moving into something really exciting for you. So I would love for you to tell us about Gage and Tolner. Yeah. Gage and Tolner. Exactly. So what happened was with that is I was looking to open a new bar. And I wanted to do something small. Like a little 30 seat, 40 seat cocktail bar in downtown Brooklyn. And I was looking at places with my friend. And I didn't like what we were seeing that day. And the realtor said, let me show you something else ever in the corner. And starts to lead us over on Fulton Street. And I'm like, is she walking us into Gage and Tolner right now? Yeah. And sure enough, she had the key and just walked us right in. And so that started a journey that, you know, we're still on. But it took us 18 months to put the deal together to sign the lease. And I lived in fear every one of those 18 months that somebody was going to wake up, realize this was available and snatch it out from under us. Now, you also did something very unique to get this up and running outside of signing the lease. But you crowdfunded. Yeah. Like you're literally going to like social to your friends to ask to help me fund a restaurant. Right.  And we said, OK, well, we need a lot more money than I thought. So we tried to raise it the old fashioned way, which is like you just ask rich people for money and then try to make a good case. And hopefully they'll give you some. And after the last one, you know, the last potential deal kind of fell through. And we said, we got to do this a different way. And we set up this thing where we tried to raise a quarter of the budget of the restaurant through just people on the street, through people of the world, you know. And we launched it in August. We got really good press like right away. Yes, you did. And we knew we would because, you know, Gage and Tolner hold such a special place in the hearts of so many people who live in Brooklyn and in New York in general. So I knew those people were out there. And if I could just get the word out that we were doing this, I knew that they would show up and they did. So we met our minimum goal. So what that did, all the press around that and the activity on that site, that attracted the attention now of the larger investors who were able to come in and take on a bigger chunk of the funding. That's amazing. Now this is one of my favorite parts of the show. St. John, we are going to play a game called Hustle Time and see how many questions we can get through in 60 seconds. I'm psyched. So say the first thing that comes to mind. Yep. I will try to read fast. Okay. I don't want to cost you. So team, 60 seconds on the clock. Last person you texted. My girlfriend. Early murder night owl. Early murder. Coffee or tea? Coffee. Favorite part of your day? Morning. Best part of your workout? Kettlebell. Personal trainers. Effective or too much cash? Fireplace or fire pit? Fire pit. Most powerful emotion? Anger or love? Love. So shaming your roles? Role. First place you'll visit when you retire? When I say this. Time to take two to get ready in the morning? Half an hour. Aliens, Factor, Fiction? Factor. Finish the sentence, when I dance I look like? I'm sorry, what was the question? When I dance I look like? When I dance I look like an octopus. You could have one superpower, what would it be? Invisibility. Would you rather fly or talk to animals? Talk to animals. Favorite holiday? My birthday. Instagram or Twitter? Instagram. binge watch or watch weekly? Binge watch. Your go-to outfit? I'm wearing it. Vacation, lunch on the beach or active hike? Active hike. Dogs or cats? Dogs. Favorite movie theater treat? Popcorn. Oh! I feel good about that, I feel good about that. I feel good about that. Oh my gosh. How'd I do? How'd I do? 22. Oh! Now for this next set of questions, these are the questions that we ask everybody. Yeah. And you know, feel free to not like short answer like hustle time, but short, just to kind of move through. Sound good? Yeah. Okay. Favorite part of your day? Really the morning. When my body changed when I had a kid, he's nine years old now and I used to be a serious night owl, now I'm totally a morning person. Best piece of advice you've ever gotten? I was having a hard time and I turned to my dad for advice and he said, well, get used to it. That's kind of, that's the best piece of advice. I love it. Worst piece of advice? Oh my God. I'm in the restaurant business. I get bad advice every day. You know what you should do? You know what you should serve here? Yeah. I love the unsolicited opinion, right? You know what you should do? Yeah. Exactly. I get those all the time. Good. How do you use your career to inspire others?  Absolutely. Ever felt like walking away? Oh, all the time, every day. One thing you still need to learn. Got one thing? How to run a restaurant? Lots of things. Yeah. So many things. I mean, I'm learning all the time. That's what keeps you going. What do you want people to learn from you? I don't know. When I'm at my best, I can really, you know, tap into a well of compassion that's there and I think it exists in everybody.  What's next for you? Gage and Tolner, man, downtown Brooklyn. Who inspires you? Oh, there's, well, there's just so many people in the bar business that inspire me every day. It's like really, it's a really cool business with really nice people in it. Who challenged you? My girlfriend. She's a straight shooter. And I can always count her for honest opinion. Well, we also let everybody know in social that you are coming and Paul Merz Adam had a question. Why did you choose between crowdfunding and private investment loans in your new restaurant? You know, the reason that we thought that crowdfunding would be a great fit for this is the story is awesome and we knew there was a huge audience out there for what we were doing and who would support us and it's even bigger than we thought it was. But if you have a good story and you think that the public will respond to it in a big way, then go public. Don't even, you know, you don't take any loans, don't deal with institutions, just bring it right to the street. Well, Syngin, you've answered a lot of questions for us and we so much appreciate you opening up about what you've gone through to rebuilds, to put yourself out there, crowdfund. There's so many lessons here and thank you for that. I do, however, have one more question for you. It's actually from one of my favorite GoDaddy employees named Moodle. Moodle is just so inspired by this whole conversation and he's had this lifelong dream to open the PugPub. Oh, yeah, that's a good idea. And he seriously wants your help. Give him just a few pieces of advice to make sure that PugPub is successful and keeps customers coming back over and over again. So first of all, I know you're just thinking about one PugPub, but really, when you open your business, you should think about it as if you're opening like 50 of them. Think of it as if you're opening a franchise and that way you get these systems in place that will serve you for all the years that you're open. Also, be consistent. Don't change the offerings every day. If you need to change a direction at the PugPub, do it like you're on an ocean life or just do it very, very gradually. I love it. Well, in closing, in the spirit of a good meal, I love Chinese food at the end of a good Chinese meal as a fortune cookie where you're lucky to find a thought, right? So I actually have three thoughts here and I'm going to read them all to you, three short quotes. And I want you to tell us which of these three quotes resonates most with you and why. Yep, great. One, our greatest glory is not in never failing, but in rising every time we fall. Number two, courage is not the absence of fear, but the triumph over it. And three, when you fill your mind with positive thoughts, your life will start to change. Was that the first one? Right here. Our greatest glory is not in never failing, but in rising every time we fall. Yeah, I like that a lot.   You have to just, you know, always improve, always, you know, try to do better. That's, you know, the unofficial motto of Fort Defiance is Excelsior, which means it's the state motto of New York. It also means ever upward. Like, we may not be the best, but we are better today than we were the day before. That's so great. Thank you, my friend. My pleasure. It's so good to see you. It is so good to see you. And I am so excited for everything you're doing. And I love what you're doing. I hope everybody watching loves what they're seeing at School of Hustle as well, because we are bringing more inspiring stories like Singins to you every Wednesday on Facebook and YouTube, Instagram TV. We're posting across Instagram Stories, Twitter, LinkedIn, basically follow Godaddy everywhere and catch these every week. And don't forget to follow Gage and Toner, because this is going to be New York's next best thing. I'm really excited. Fall 2019. Thank you, everybody.


Going on everyone Sam here with late in sports cards. We are doing 2021 22 Penetri Mosaic road to the FIFA World Cup soccer hobby three box break number eight random teams Here is a list or a look at your random results As always you can feel free to find these on the website under the results tab as well as your link in chat Good luck here everyone. See if we can pull some fire Statistically we should be pulling an overdrive in this would be my guess So hopefully you can hit a nice overdrive. That'd be pretty cool one of the short print shorter printed like case hits quote-unquote We did hit a stained glass earlier. Yeah, but I was at the coyote soccer. I think that's how you say it but coyote soccer Here we go. It's the potto Got our first auto is gonna be going to the US Deandre Yedlin There you go Dean picking up a US auto that is not numbered Deandre Yeldon We've got Frederick Medtis Joe That is Edison for red One Q draw out a Chiodro on Haldi Maria Will do Dean Cardo Pepe Lukaku Pedri overdrive There it is congrats That's sick, dude Spain Justin why On the overdrive, let's go case hit baby. That's nasty Thorgan Hazard Jeremy Dooku from Belgium and That is actually a pretty nasty card right there dude. Let's go Photogard a lava Yuri telemons mini junior. There's a Duvon Zapata for Columbia Conrad Lamier Harry Wilson and Matthias Ginter. Yeah, Spain does well I mean, obviously like a lot of players come from Spain one of the better World Cup teams, so Definitely a good team to get in your World Cup rakes Junior Moreno for Venezuela Vilmar Barrios or Berrios for rookie red for Columbia Matthias Ginter I'm so excited for baseball and now dude after this Ethan I'm Pado for Wales Red Gabriel Jesus for Brazil Bobby on Ruiz Harry Wilson. Yeah, Jeff So Matt did him over on the baseball channel late in baseball I'll be doing all the ones we didn't get to last night So I think you're either first or second in queue with your obsidian basketball So you'll be going pretty much right at 12 or whatever we finish group breaks Facundo Torres for Uruguay Martin Uruguard Norway So yeah, you'll be getting your Obsidian basketball, which I'm pretty pumped about. There's a Holland base for Norway Joe Rodan. There's a Ronaldo base as well. So yeah, it seems like Doomfries Erling Holland on the mosaic. There you go Norway red real and Bolo for Switzerland It seems like whenever there's a Holland on top, there's a Ronaldo and whenever there's a Griezmann There's a Messi right behind it. That's what I've noticed. That is what I've noticed Ah Pulisic Giovanni reina Marcel Savitzer for Austria Harry Kane Silver for England And a problem Jeff so I didn't get to it last night. We just had some scheduling issues So it ended up really getting done till about 1 a.m. Eastern. So like I said, it'll easily go tonight for sure Pedri, there's Miguel Trako for Brazil Nathan Nandes Uruguay There's a Griezmann. See there's a Messi right behind it How many do you notice in the pattern here noticing the pattern? Mania Calvin Stang's Rookie Ogdeen Hrustich for Arjun or Austria and base Yeah, I saw that I saw that Travis. I appreciate it man It's how you jumped into a couple of breaks and we got to play some fire today. I play some fire at a museum awesome Last break of museum I did not to toot my own horn But I pulled a wit and to J rod photos live J rod to 25 as well patch auto So hopefully we can bring that into today to to Scooped another one today Jeff. I can do them both at the same time for you then Guillermo Maripon for chili hazard Sounds good. Jeff. I appreciate that my man. I'm excited to rip some I've ever ripped up city in a while So I just ripped that for you cockoo Got to auto is Raul for Spain man Spain picking up to Short print and an auto in two boxes. Congrats again. Justin. Why? Raul legend right there Sod Al Sheeb Paul Pugba on the red. Does Padre play for Barca? I Think he plays a Barca Mona Pretty sure don't quote me on that but that would be my guess such a heavy place for yeah chat Padre I Think it's Barca Paul Pugba Renault Tapia that's jokey mahal a That's not even a letter in that guy's name Matt had a J rod redemption. Nice Let's go dude. That's been killing it over on the baseball channel. That's just full of straight fire, dude Ricardo peppy Casper Schmeichel for Germany Saboteur for Austria Base at the end there Aaron Ramsey Nicola Borea red Luca Ivan usage for Croatia Emile Forsberg For to go and museum here. Thank you guys. That's gonna be a fun break man We have not done a full case of museum and a good amount of time since it's come out Danny Olma for Spain nice Pedro Miguel for Qatar on the rookie silver Tombo is Brendan Aaronson Lean on messy on the base. So I guess that's not only with just Griezmann interesting Rafael Guirero for Portugal silver Lucas Martinez Corta for our Argentina You get some color out of this too Oh no And go low con say for France. There's Carlos Rodriguez from Mexico and Gianluia Jean Luigi at Dora Ruma. There's a Ronaldo base No, hollanda, yes Esaq that's Karim Adayemi for Germany nice one there on the red rookie base and last pack of box to good luck here everyone Timo Werner Mason mount Rafael Santos Bore Facundo Torres rookie for Uruguay And base that'll do it for box to we're on the box three we're on the box three We're on a Cincinnati We're on San Diego Good luck here everyone pasta salad is what I needed to get me get my energy flowing today I'm finally mealed today was a pasta salad and I'm paying energy Oh, I like the color we got on the back here guys. You got a gold Come on, baby. See who we can pull up when I see moan But Condu Torres Razovich, we've got pitch masters Raheem Sterling for England That is a one out of ten There you go. Cade D. Congrats. Cade Nice one there Cade D. There's an early Holland base from Norway Didn't Norway not qualify either Considio that's Angola con or Angolo Conte for France Biggest hit probably the stained glass soccer I would say for England Paul Pogba I'm too fahti. We've got Roberto Baggio going to Italy On the Scripps auto nice one there Italy. It's going to Michael D Not numbered on that one cool Take that on the legend there Yeah, actually, that's a good point Jose Macias red Daniel now It's a good point Daniel probably the overdrive Pedri the one we just hit in this break right here It's probably the biggest Joe Rodan There's a Ronaldo base there on Torres job Felix hazard silver base there Abdel Karim Hassan Or or Balan Penaida That's going to Brazil on the red. There's a grease man. That means a messy right behind it No big numbered auto is coming out of this you fit. I fit three golds in this case though, which is pretty solid There's a Harry Kane mosaic Guillermo Marapan for chili red Three golds no crazy name on the golds outside of maybe the Raheem Sterling is probably the biggest because it's an insert But I haven't hit I have not hit a numbered auto out of this. No, I have not Haggard that is Jan somer silver Calvin Steng's Bass there the other hotel. That's you he you honey. Oh, men are Akram Hassan a thief for Qatar Lewandowski cast for Schmeichel Martin Odegaard for Norway red Joshua Kimmich Germany and Base last one here. Good luck here everyone You honey wise that's like the first thing that came. That's the only reason why I pronounce it that way I Yeri Mina for Columbia Lorenzo insignia and base that'll do it for the break there everybody. Let's do a quick recap We had Gold to ten Raheem Sterling for England. We had Roberto Baggio for Italy Raul for Spain Deandre Yedlin for the US and we had an overdrive Pedri going to Spain Congrats against Spain. That's nasty That'll do it for the break everyone next up baseball


Hey guys, welcome to today's day trading recap. Today is October 14th, Thursday. Small green day, 141 bucks, pretty light on the trading. I did a mighty 90 in Coinbase for plus 505, that was my biggest winner.  So let us check these out. Let's start with Coinbase. So Coin was pushing higher. And I got a little pop and volume right there after it kind of topped around. And then I thought I was going to come down and it pushed up, made that big push with a little pop and volume. So I got short right here and just caught this move right there. It got out really at the bottom of that second red bar. So nice move in coin on that mighty 90. That's just the way it's supposed to work.  Let's check out Netflix. Netflix, Netflix, Netflix. Oh yeah. So had this initial weakness, everything, a lot of other things were acting strong and Netflix was acting really weak, pushed down into red territory. So when it bounced up here, I was looking for a continuation lower. So I got short. That did not happen. It pushed up. And so I just, I cut out and took a loss on that one. AMC, AMC, I was, oh yeah, this one, I booked a little profit. So had this spike in volume pulled back, got long, had the initial push up, got out of half my contracts for 10% profit. And then it just kind of chopped around, chopped around. It attempted to make another push and then reversed. And so it looked like it was not going any higher. So got out and what happened right afterwards. So missed out on that, missed out on that meat, but still just a small profit could have been much nicer. Uber, Uber, Uber. So an Uber, oh yeah, so had this big spike in volume here when it pulled back, got long for a continuation, pushed up, got out of half my contracts. And then when it came down, it looked like it was going lower, just got out of the rest, which was ended up being a good choice.  And then in BA, Boeing, this one kind of chopped around for a long time, came down, bounced up. So I got short right here. I think I added again right here, excuse me right here. And it just kind of chopped around and nothing finally broke down. And I ended up getting out of all my contracts down there. So, which was a good choice because it ended up rallying. So that's my day, small green day. Everybody have a good one. We will see you in the live stream tomorrow on Friday. Take care.


Hi everybody, Joe for Jasper's casebreaks.com coming at you with a Celepac break 2020 prison football Celepac break number seven given away a boatload of teams here So we're near the break itself first No vet commons ship that the end of the break will re-randomize your names new dice roll and line you up with a team now tonight Only there is a special promo The next six basically the next six who don't get teams will get a little bit of break credit $25 of break credit each Total that's a total of 150 bucks given away in this pack. So we'll do that randomizer a little bit later different dice roll Pack break itself first. Let's roll it. Let's randomize it five and a four four and a five nine times for names and teams one two three and Ninth and final time after nine we got Jason down to Nicholas four and a five nine times for the teams one and a ninth and final time after nine Did I not click it after nine? There it is colts down to Vikings But I press the button So there's the first half of the list right here There's the second half of the list right there Oliver with the Chargers. Oh Remember Oliver one of your spots the receipt will have a different break number I think we discussed this previously, but just as a reminder All right, no trade windows in filler breaks and always look out for those filler breaks on jaspys case breaks calm Sorry, Andrew. We don't do trades in filler breaks We got bigger fish to fry which is giving away the teams DK Metcalf hype Jalen Hertz quest Watkins That was a regular rookie Jalen Hertz, but that's still good that goes to the Eagles map Parsons We'll see what that eagle quarterback situation. It's gonna look like and the red white and blues Dexter Lawrence Jerry Rice and Antoine Winfield a junior All right, so nothing too crazy here, but of course the whole point of this Just to see who wins those spots, so let's flip back to this list right here and Let's grab everyone's names from Oliver down to Raphael Put them all in this list right here and then We're gonna see who gets what remember we don't randomize column B We just we just randomize your names and then then match you up top 16 half of this break We'll we'll get something Good luck. Let's roll it. Let's randomize that list five and a four nine times again one two three four and A ninth and final time after nine so basically from 17 on down my apologies We'll get them next time. Thankfully if you want to try next time We do have one more pack that we need to do and we're giving away a break credit there, too tonight only Top 16. Congrats. It's all of you here And John with the big team. All right, so there you have it John with the dolphins will put a little rooftops next. Actually, you know, we got two different cello breaks Let's put cello seven next to your names So you know you won that in this particular pack break dolphins for John Jason with the Broncos Raymond with the Rams Martin with the Steelers Matt with the Niners Victor with the Lions Nicholas with the Seahawks Matthew with the Bears Chad with the Saints and Travis with the Titans and There and Adam Chad Jason Oliver Ryan and Shawn you'll get $25 a break credit each check out check your emails You've had multiple emails check both of them And check it out check out the next pack, too. I'm Joe. I'll see you next time for the next one. Bye. Bye


Okay, so I'm going to read this one a little bit differently than what the question says. So it says, express the following measurement, 52,030.2 meters in the correct scientific notation. So whenever you're converting from one number to another or if you're solving a problem for a particular number, you want to make sure that not only do you put the number there with the correct significant figures, but you also have to remember to put your units there too. Remember, if you don't put your units there, the first thing someone's going to ask you is 52,000 what? Okay, so if you don't put that unit there, you have to explain more to the person. Okay, and you want the whole of your answer right there on the paper so that the person who's grading you can see. Okay, so you want to remember, take this and that, okay? So what does it say to put it into scientific notation? Okay, well that's not so bad. Just the decimal points there, what are we going to do? One, two, three, four, put it right there. Two, zero, three, zero, two. All of those numbers are significant times ten to the, what did we say we moved it? One, two, three, four. So ten to the fourth meters. Okay, we've got to keep that meters in there, that's what I was talking about. So whenever we're doing these, remember, whenever we have a positive number, that means that number is bigger than one, okay, the original number. If this number is negative, then that means that number is smaller than one, okay? Pretty straightforward, any questions on this one? Okay, wonderful, thank you.


The following is a presentation of TFNN. The morning markets kickoff with your host Tommy O'Brien. Good morning everybody. I'm Tommy O'Brien, coming to you live from TFNN Monday morning just after 9 a.m. Eastern time and we got markets in the green to kick things off extending higher yet again. You're looking at an S&P right now positive by half a percent trading up almost 19 points at 4104. NASDAQ 100 we're up 410th percent right now you get the Dow trading up about a quarter percent up 83 points at 32,348 in the Russell just under 1900 Russell up by nine points at 1899 Bitcoin quite a bit off of the lows we had last week look at that acceleration Friday you accelerate from about 19,000 and change up to over 21,000 this morning we're over 22,000 on Bitcoin up a thousand bucks at 22,350 Ethereum catching a bid now check it out Bitcoin you're up 4.7% Ethereum you're only at 1.3% 1732 for Ethereum crude's catching a bid yet again so much for 81 20 we're back pushing 89 bucks in the price of crude this morning let's take a look at that crude on a daily basis interesting when you go back to the highs of last October 8541 we just dipped below that level we get back above that level 8861 right now quite an acceleration over the last few days of crude back to a 15 minute chart we jumped to gold we got some currency action this morning you got gold spike into 1745 we back off a bit to 1741 we got currency action almost every day right now going on silver check out that acceleration pushing almost $20 we were at 1775 last week you're up by 91 pennies at 1967 that's almost a 5% pop in silver versus barely a 1% pop in gold right now and you jump to notes and bonds we got a little bit of higher price and lower yield but you're still talking about a 10-year yield 3.29% 3.29% man wild stuff as we come into a pretty important week for CPI and guess what next week's a Fed meeting man and we'll we get it we get the action as it continues but CPI gonna be important one we'll jump into that in a moment and then curry we do we get us we get CPI tomorrow then we get PPI on Wednesday producer price index rate consumers producers consumers on Tuesday producers on Wednesday now producers are important but the producer price index does not always translate into consumer prices rising which is what matters when you talk about inflation most of the time PPI obviously a factor that should contribute to some degree which is why it's important but you see things the likes of Apple right comes out with their phone new phone last week same exact price well you got to guess that Apple's producer prices are elevated but what have they done they've absorbed those and the consumer prices of their phones are going to be the same a small illustration of sometimes how those don't translate all the way through we jump over to the VIX this morning pretty low volatility on Friday 2264 were elevated a bit I tell you to pay attention to that one folks because not often not often do you have markets up half a percent quarter percent third of a percent and meanwhile you got the VIX oppa solid 50 cents from where you were and realistically you're talking about pushing almost a dollar from where you closed out Friday's action elevated volatility even with a positive market be careful on the open when this happens folks anytime that the VIX is higher when you have the market trading higher there's other factors going on and I don't want to say usually but many times okay when you have a VIX elevated coming into the opening bell and you have markets in higher territory they can give it back like nothing man because with that market saying is hold on a second okay we're making pay people pay for the price of protection and premium because this market looks shaky market doesn't look shaky usually when you open up half a percent unless that's really not where supply may meet demand all right let's jump right into the inflation conversation man US inflation will guide Fed readying that's the headline over at Bloomberg next hike economic week ahead yeah as in US and let me read that one more time inflation will guide Fed readying next hike they're readying the next hike it's gonna guide them where they go when we get that inflation number now some of the numbers they're looking for man for all the conversation about getting ahead of the Fed and the Fed gonna pause things and and the likes of whatnot the government's report CPI this is talking about is expected to show an 8% increase in the overall consumer price index from the same month last year down from 8.5 percent in July I mean folks we got to get to 2% okay you're supposed to have a pretty quick pullback from 8.5 to what what people you hear the conversations I'm sure right oh it's gonna be easy to get not easy but people say it it's gonna be easy to get to 5% it's gonna be easy to get to maybe 4% but boy getting bad and getting from 4 to 3 to 2 is gonna be the tough one okay well folks it's not that easy right now to get to 5 or 4 because we're talking about from 8.5 to 8 over a month that's only half a percent well that means if it comes in as expected at 8% okay even if we a decrease 5.5% every single month okay you're talking about taking 10 months just to get to 3% at that rate I mean you get the point that's almost a year out we're still not at 2% right and it's supposed to be easier right now not sure that we're gonna take across the even half a percent dropping now you get to the core side of things though how about expected to climb what's going on man stripping out energy and food the CPI is forecast to climb 6.1 percent up from 5.9 percent the year in July now take a look at this chart folks okay and the black is the change in CPI over year the pink is the core okay and let me try and see if I can blow it up perfect I can't the black chart here pretty undeniable that it looks like we potentially have peaked right we come down from 9.1 to 8.5 now these are expected okay these are the expected numbers 2022 and I may sneeze here one second oh excuse me okay excuse me okay so we get 1982 excuse me I sneezed it got me all combobulated in March we had the highest print since 1982 okay talking about CPI and that's when we got the core number up to 6.5% okay now you've dropped to 6.2 6 5.9 5.9 they're expecting to go to 6.1 that's not supposed to happen man I mean you're talking about we're gonna be back at right where we were in April it's August prices that we're talking about here on the core level now energy obviously a huge factor in what's going on in the overall CPI which is why you see the rise especially in June when you got a 9.1 percent overall print okay that's gonna back down to 8.5 and potentially to 8 but the core number man you know we're gonna be dealing with some tough issues on crude and energy especially coming into the winter for natural gas for Europe in particular but this core is a big problem man you're taking our food and energy and we are gonna have a number that's expected to be the highest number year over year in the last three months so keep your eye on it man that number is out tomorrow and yeah the Fed's gonna be talking about whether they go 75 basis points they're gonna be meeting September 20th and 21st I think that's next Tuesday and Wednesday yes it is next Tuesday and Wednesday and we're gonna find out what all eyes are gonna be on that tomorrow man and I imagine today's gonna be a dicey one coming into that number because it's pretty remarkable that you're looking at a headline number that's expected to be 8% you're looking at a core number that's expected to rise we have a Fed that right now probability wise is baking in 75 basis points okay now we'll finish this conversation up man but we got the S&P sitting about 4100 we would just said 3,900 where those 200 points come from folks we'll be right back Vista Gold owns and operates the largest undeveloped gold project in Australia the Mount Todd Gold project Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing in a creative transaction Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC Vista Gold executing a strategy to create 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than 20 years with live programming hosted by a variety of professional traders during market hours the Tiger's Den available to all Tigers and Tigris' for just one dollar for the year there's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN.com welcome back we have the S&P's folks up about 20 points and I brought it up right now we were just pushing 3083 where did these 200 points come from folks I mean at first it was beginning a little bit of a relief rally but you're talking about excuse me you're talking about 5% from where we were on Wednesday morning Thursday and Friday as we come into a CPI number that's supposed to show rising core CPI as we come into a Fed meeting that's baking in a third 75 basis points hike and the chairman could not be stronger right now with the words and the rhetoric he's using to say that we are going to hike until we see substantial information that and data that we are sure that we are over the hump okay rising core CPI that's going to be now above six percent six percent again that's not what they're talking about folks so I don't know where the market comes to 4100 when you were just at 3883 we put this thing on a daily okay quite the sell-off from August 16th when you were pushing 43 27 you dived down to 3884 we're now coming right into the 50% if you're looking for the 618 talking about 50 points to the upside on the S&P's of where that bounce could potentially go now we got through the 3-1 the 3-8-2 and that 3-8-2 we are right in the big bar from August 26 folks okay we got into that bar on Friday and now you're at about a 50% of the pullback trading right now 4105 on those S&P's speaking of Fibonacci's folks if you head on over to the front page of TFNN we got our man Larry Pezzavento he is doing a live trading webinar coming up a week from tomorrow I believe let me get this yes Tuesday September 20th so one week from tomorrow Larry will be in there live trading five hour strokes 9 a.m. till 2 p.m. I think he's done four or five of these always an outstanding webinar there'll be a bunch of great participants in there as well we host these now at our discord which is a great interactive way to host these with the hosts and the subscribers and attendees Larry will be in there for five hours he'll be trading live he'll be going over his rhetoric there's no better way to do it than to watch it live folks you get a month of his Fibonacci newsletter that's a $97 value the total cost folks is $295 but immediately you gain a month of his newsletter and that starts immediately Larry puts out some outstanding comment commentary for Fibonacci 24-7 particularly over the weekend he puts out updates 24-7 folks which is why we say that but over the weekend he has a couple pretty in-depth reports I think he sent out one update yesterday four separate videos about five minute videos he talked about oil in one video he talked about the S&P the indices in one video he talked about grains if you're a grains trader in one of the videos not to mention going over charts of many different futures markets many different indices whether it's our indices or even over the globe talking about the DAX etc so you gain access to Fibonacci 24-7 right when you sign up for that and we give you a month past the date of the actual event so if you sign up right now you're basically getting five weeks plus of Fibonacci 24-7 as that approaches one week from tomorrow check it out the front page at TFNN folks all right let's jump around to what else we have going on and we're gonna talk a little bit of housing because I got three articles up here to talk about man where's US inflation heading you want to know follow the rent man shelter I we're all learning so much folks of all this data shelter one-third of the CPI did you know that I know that now only because you better know that man because CPI is driving everything right now and shelter is one-third of what goes into it but you start to think about it right what does a consumer spend their money on well geez rent or your mortgage as a big factor of everything going on in your life and we got rents and mortgages rising dramatically and that is showing no pause now mortgages okay showing pause but what's happening people can't buy a house right now rents are going up eventually that should all work itself out doesn't go like that forever man you can't have nobody wanting to buy a house because they can't afford it and rents to skyrocketing but we are in a specially interesting times right now folks we have a housing shortage of people of houses for people that need them at the same time as we have mortgage rates at least for what I know a pretty historic highs from my historic nature and that's many people in the market as well when you're talking about five and a half to six percent mortgages from where we've come over the last what 15 years almost at least now the good news is rental inflation may be close to topping out after advancing almost six percent the 12 months to July the bad news it's gonna take a while to settle back down to anything resembling pre coronavirus norms six percent okay if rent is persistent here with inflation okay now look at this we get us consumer prices renter shelter and we have average hourly earnings okay you have us consumer price index of rent shelter still dramatically on the rise here and look at this chart this chart goes back to 1991 folks you got to go back to all right we're dealing with factors that this economy is just not accustomed to dealing with at all let's see so the CPI out tomorrow expected to show core inflation that excludes it rising by 0.3 percent on the month that we just went over year-over-year that's gonna push 6.1 percent rents have always been important in measures of inflation due to their outside share in most also household budgets they compromise a little over 30% of the headline number in about 40% of the core number remarkable right you better know this if you're thinking about inflation and you thinking about the data and you're thinking about the Fed man during the pandemic as inflation has surged other smaller components like used vehicles recorded such unprecedented prices price increases that they to become major drivers of those measures so an attempt to get a better handle on the underlying inflation policymakers have increasingly turned to a trimmed mean or median indexes to get a sense of how broad based inflationary pressures really are you start playing with the data folks okay and you're gonna get yourself in trouble but ultimately they to end up being dominated by rent that's in part because so much bigger than any other component it's also because the cost of shelter tends to be one of the most persistent least volatile components which means it rarely if ever ends up getting filtered out you can't filter it out folks it's persistent it's not that volatile people sign in six month leases they're signing 12 month leases okay this is not like the cost of crew this is not like the cost of a used vehicle that is determined by how many cars are on the lot that month this isn't the cost of a new vehicle that's determined by how many chips you have to have the lines movement so you can produce brand new vehicles okay huge shipping numbers doing big things keep your eye on this one man you could go over and over and over I think I made the point for forecasters that puts a hefty premium on understanding the drivers of and likely trajectory of rent inflation you figure that one out man you'll know a lot about this market because not only that right if you figure out what's gonna happen with rent you're gonna have to figure out what's gonna happen on the real estate side how deep is the pull back gonna be is there gonna be a pullback it's just gonna be a slowing of rising prices for real estate there's a lot out there but when you talk about rents being 40% of the core CPI you talk about a number where people are signing leases over and over and over and it's persistent and it's really not that violent volatile because of the structures that people lock themselves into with contracts that is gonna be persistent folks and that is gonna take some time and the Fed's gonna have to deal with that so it's still until rents come down I mean what's that mean do we need a little bit of a housing pullback at least to get out of this maybe what they I mean is that what the chairman's thinking could he be he could be because that would really help if you brought down real estate prices that really push rents to a lower level that would have a dramatic effect and it's something that might play out we'll be right back for the open folk state you time of booming inflation we are purchasing powers eroded there's no better place to protect your hard-earned money than ain't gold this the golds flagship asset is the Monk Todd Gold project in the Northern Territory of Australia this is Australia's largest undeveloped gold project we are talking world-class gold project in a tail one mining district this is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction this the goal just completed the Mount Todd feasibility study which resulted in a 7 million ounce gold reserve in a 16-year mine life all of this combined with the approvals of all major operational as well as environmental permits this distinguishes Mount Todd as an attractive dearest party ready development stage gold project this the gold trades on the New York Stock Exchange and the symbol VGZ TFNN is excited about our new software charting program the art of timing the trade charts in collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has 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experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of TFNN.com welcome back folks we get the S&P's up 23 points right now that's more than half a percent in the positive you see where we're sitting about a 50 percent retracement of that current move and boy these are short-term trends folks that's only August 16th we're not even a month out and you're talking about an S&P the trades down 400 points and now up 200 points from then mentioned we've been talking about it CPI tomorrow PPI on Wednesday a Fed meeting begins one week from tomorrow with a announcement the 21st yes which is a week from Wednesday 2 p.m. Eastern time press conference to follow right now the market looking for about 75 basis points now getting back to the rent conversation real quick one final thing I want to bring up and these are just take folks but you talk about it now this is one gentleman let's see who we're talking about here Alan Detmeister an economist at UBS securities okay and some of the analysts have been magnificently wrong folks I was listening to Bloomberg this morning and they were just talking about the Fed projection of where they saw their rate at the end of this year in December they were looking for something like 9 tenths of a percent is what they're looking for and meanwhile we're hiking 75 like like it's going out of style right now and we're only in September okay things can change dramatically the point but when you talk about rent okay and this is an economist at UBS the consumer price index measure of rent inflation should follow just like others have topped out earlier this week when they talk about inflation okay after surging in 2021 proxies using data on new lease inflation from companies like Zillow an apartment list and best for it and my dad do a great show on Friday so express for it has talked about that Zillow is really cornering even the rental market which would make sense right why not this year and are now moderating okay the consumer price index measures of a rental inflation should follow though with a lag this gentleman sees rental inflation climbing north of 7% early next year and even by the end of 2024 it's going to remain elevated about 4.5% that's just an opinion folks okay but boy if we're dealing with rental inflation that's 40% of the core that's pushing 7% next year and it's pushing 4.5% by the end of 2024 there is going to be inflation that is not transitory to put it lightly in many cases you don't get the jump up to those market rates until the tenant moves out and that could be a year from now two years from now five years from now it's going to take a few years to get back to pre-pandemic pace folks if you've ever been a landlord you understand it okay and you probably understand it even if you haven't okay because let's say someone's paying you $2,000 a month for a single family home whatever it is in a part three bedroom to bed two-bath apartment two bedroom one-bath apartment you're paying 1500 whatever it is let's say someone's paying $2,000 a month okay you rent to that person they're an outstanding tenant they pay their rent every month and they treat your place with respect and you trust them okay the next year especially when the pandemics going on and rents are really flying right you say to yourself man this this piece of property I have is probably worth about $2,200 a month right now maybe it's worth $2,150 maybe you put it up there for $2,195 and you take $2,100 or something like that right but what do you say normally okay my experience is is that you really only force a rate increase on your tenant if you are actually willing to lose that tenant for that rate increase and most times it's actually not worth it man when you think about number one if you have a good tenant there's a tremendous amount of value in that okay especially when it comes to disrespecting your home trusting them being in there whatever it is treating your property with respect and paying your bills probably most importantly but let's just say you send a letter to your tenant you say we're raising the rate to 2,200 it's going up 10% and you say it's a completely fair price and you're right it is a fair price you're not you know I'm squeezing them in any way all you're doing is asking for market rate but what happens okay what happens is that what if they say I'm not doing it man I can't afford it I could afford $2,000 I can't afford $2,200 okay you're only talking about $200 extra if you just miss one month of rent by that person moving out and moving back in just taking a 30-day lol that's one almost a full year that you would have made up in the extra rent so you're risking that whole increase for a year just for that one month and most times it takes you a little time to recycle a candidate to be a tenant there so what's the point the point is most times what I've done is I've really only raised them the next time a tenant comes in I've had a tent that's lived I have a duplex I had a tenant in there for three or four years in the beginning didn't raise the rent raised it the next time a tenant came in they were in there for a couple years didn't raise it raise the tenant the next time to a market rate that's how it's going to play out folks and many times you know you're not going to squeeze people especially right now if you don't want to kick them out and so it's going to take some time for sure all right we got a caller let's jump to our man Jose and Lakeland Jose good morning man how's Monday going top of the morning top of the morning traffic is light not too bad out here hey I just came from the supermarket there's definitely inflation here marshmallows have tripled in price what's going on with the marshmallow man you gotta talk to it's an economic phrase they call it the fluff another effect I don't know it's crazy a one steak sauce five and a half dollars it's just ketchup man you know I read something on toilet paper today the toilet paper is through the roof because energy prices just dramatic actually how much energy gets used in producing toilet paper did not aware of it one company last year they spent something like four hundred million dollars in their energy budget budget this year they're approaching two billion dollars like the biggest one out there because there's the energy alone well dad I thought that would be the easiest that might get things very real man you start getting toilet paper prices through the roof coming out tomorrow correct correct it should show the inflation is waning with gas prices down no well the analysts out there are saying that it's going to show up about 8% down from 8.5 for a headline number I'm not sure if you caught the beginning of the program though the interesting thing you're talking about food prices man even taking food and energy out which is just so volatile right now in general and I agree and I think everybody does man food is through the roof right now you can't deny energy even pulling back is still pretty elevated but the core number Jose is going to show an increase to 6.1% man and I just went over the rents are almost 40% of core CPI so my head's trying to get over if rents are 40% of the core and core is actually rising they think from 5.9 to 6.1% where's the end of the road man I don't know but that's a little dicey right now because even if energy comes down and listen you go out you know once we get out and it's not scary but it's pretty intimidating when you think if we have to start getting to where we're comping out against when crude was spiking to $130 a barrel just to get some reprieve on the CPI headline number that's not going to help even the core number though so what happens if nine months from now you know the markets comparing itself to June crude prices and energy prices right and the CPI shows a decrease in the headline number year over year because of what we had that's not going to help what you're talking about at the grocery store man it's not going to help rents that are 40% of the core number so yeah it's going to show some inflation man and I don't know I mean we're in uncharted territory man I mean that what I was just talking about with rents I would keep my head around that for for inflation because that's going to persist man what do you think which way you know yeah look at the perception is not 75 basis point back down of 50 basis points in September here hold on Jose come back with us all right we'll be right back folks you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in 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services LLC this program is brought to you by Vista gold traded on the NYSE American and TSX under the symbol VGZ markets continue and higher folks S&P is now up 26 points that's about 2 30 percent NASDAQ 100 you're about 8 10th percent right now and you take a look at the Dow you're talking about half a percent the Russell up about half a percent as well we jump to crude up a dollar right now at 87 85 you get the gold contract up about $7 we jump around a few currencies right now dollar index Jose hung up to we'll finish that conversation in a moment before we jump around on rents dollar index continuing to pull back but folks don't be confused here man right if the Fed is on a hike in cycle and they're gonna have trouble taming inflation then I would not expect any severe deep pullback in any way on the dollar index right now you've backed off to 108 36 all you are is back to where we were August 26 pretty sure everybody was pretty strong the dollar on August 26 you did get up to 110 78 we do have summer tracemen so what's going on but all we've seen folks is higher highs and higher lows in this dollar index you jump over the euro US dollar this morning back above parody but I talked about this last week man pay attention to this we are right at the upper boundary right now the euro US dollar you just got just above that level on a tail okay we put this thing on a five minute and look at the pullback man we were up to almost 102 just like that you're back to 101 man and you see where that line is on the euro US dollar now interesting that we're at the top portion of that pound of that euro US dollar trend line or channel line and then you jump to the pound US dollar look at that I was talking about it last week man you're actually bouncing off the bottom portion so what do you have you have when you compare the pound to the euro you have potentially greater pound strength versus the euro coming up now we've gotten quite a little boost I was talking about this on Friday man we were at 115 on Friday action you're pushing almost 117 as you catch a little bit of a pound bounce hasn't quite given back what the euro gave back this morning you did give back some of it you saw the pullback we just had in the euro we got to jump over to the end this morning back it off a bit as well we were up to almost 145 you put that thing on the daily but same thing man do not be confused by some of these pullbacks nothing compared to the moves that we've had in the trends that they are still intact in this morning all right jumping back to the housing real quick so I was asking Jose I mean what do you think right what do you think is gonna happen when you have rents persisting and you have them being 40 40 percent of core inflation you get the headline numbers gonna come down a bit but folks headlines not gonna save us right now if you got core persisting it's not gonna save us at all you know wages are not keeping up with where rents are and you have a little bit of a disconnection right now a dislocation potentially going on between the prices of houses that is pulling back potentially meanwhile you have rents they could persistently rise over the next couple years just to catch up with what's going on in terms of the prices for where they are actually living now couple different articles I had up here as well New York City Housing okay pulling back a bit from where they were the number of properties for sale now this article is from September 7th okay but I'm jump around a bit because this is kind of what we're talking about this morning we get CPI tomorrow and again even the headline number okay shelter is one-third of the core number so it's almost four-tenths of number of properties for sale under 500,000 that entered contract in June 29% less than the average number of transactions for that same period in the decade leading up to the pandemic when you go to 500,000 to a million you're talking about 15% less okay you talk about the world's hottest markets now this one out yesterday all right I'm just gonna scroll down to some of these markets Sydney Auckland New Zealand Stockholm Toronto right Toronto just I mean we've been hearing some tough stories of Toronto man and they are just edge and lower whereas look at the pullbacks we got in Sydney Auckland Stockholm and now this is basing at 2020 prices okay so they're still all up almost 20% from where they were in 2020 but boy Auckland was pushing 40 plus percent and you had everything else pushing 30% at one point Toronto got up to 50% at one point now here's what I found so interesting about this article though talking about interest rate volatility exposure variable risk how exposed borrowers are to rising rates varies notably by country in the US for instance most buyers rely on fixed rate home loans for as long as 30 years adjustable rate mortgages represented on average about 7% of conventional loans in the past five years not sure who was locking in an adjustable rate mortgage as rates were where they were over the last five years but that's the market maybe they weren't gonna hold it for an extended period of time and they were just flipping it maybe there are other things going on if they're still holding that that was a mistake by contrast other nations commonly have loans fixed for as little as a year or variable rate mortgages that move closely in line with official interest rates we've seen how that can go bad in the US before you're not gonna believe some of these charts maybe you are and you know them Australia Spain the UK and Canada had the highest concentration of variable rate loans as a share of new originations in 2020 now these are 2020 loans folks do you remember what was happening with interest rates in 2020 okay they were crashing as the pandemic spread in 2020 especially the later half in the year right well before we had quite come out of things Australia 93% of their loans are variable rate they're in big trouble folks okay Spain 52% the UK 42% Canada 24% the US 1% France 1% thank goodness for current owners of homes that they're gonna be at that level because New Zealand at 55% I mean look at this so other countries have a large portion of mortgages resetting imminently they reset in New Zealand for instance 55% of the outstanding value of residential mortgages is either on a floating rate or it's on a fixed rate that needs to be renewed in the year July 2023 that ain't fixed folks if it's fixed for less than a year New Zealand where prices rose close to 30% in 2021 is something of a poster child of the pandemic housing boom the central bank has hiked interest rates seven times in the past 10 months and housing prices were down 11% in July from their peak in November yeah and it's gonna spread man when you talk about those types of interest rates in pretty dramatic fashion hitting that market would kicking things off with a little real estate but boy if you solve what's gonna happen with interest rates impacting real estate that impacting home ownership how that plays out to the rental dynamic going on because if people are unable to buy houses folks and they are still forced into renting and those rental prices are resetting over the next year or two and there's enough demand to support the prices that they are coming to market with and you still haven't inflationary tended pushing 7% next year and even 4.5 by the end of 2024 I don't know where the Fed goes then but I haven't heard anybody talking about that I haven't as you know where where are where's the analysis and I'm sure it's been out there in some capacity but I haven't seen it that talks about how we get inflation back down to any reasonable level when you have rents going to be contributing such a huge factor in things and that estimate could potentially be rising almost 5% still through 2024 it's wild stuff man in a big way we jump around folks let's check out some of the fang stocks are kicking off the week we got Amazon up about 1% this morning kicks things off big dog Apple after their week last week they're up 2% there's a pop for you to 160 59 Tesla shares this morning up about 1.5% we jump over to Google shares Google fairly in the positive by about 10 cents this morning we jump to Microsoft shares up about half a percent as well let's see how some of those growth stocks are faring arc up about 1.6% that thing is just building a base potentially on the bottom chopping around the 40s stay tuned folks one more segment as a piece up 33 points we'll be right back TFNN has just launched their new trading room the Tigers Den hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tigers Den available to all Tigers and Tigris's for just $1 for the year there's no catch or added costs when you join our community of traders in the Tigers 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and commodities subscribe to the opening call newsletter at TFNN.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up TFNN.com educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 7 newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 7 newsletter today TFNN.com educating investors this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of TFNN.com welcome back folks we've got markets continuing to drift higher looking at S&P almost a full percentage in the positive right now trading up 37 points at 41 22 Nasdaq 100 you're a similar 9 tenths percent the green right now 12,783 and yeah the Dow now up 7 tenths pushing 227% excuse me 227% 227 points in the higher let's jump around to some of the banks this morning with JP Morgan up about 1.7% this morning Bank of America up 1.5% jump some of the airlines Delta up 1.8% everything's getting a lift man really interesting 2.6% for Americans Southwest up 1.6% cruise ships up a couple percent now check out carnival man if you're looking for a trade folks this might be one you get back within the channel line you're towards the bottom line of that you know keep in mind though if you are playing carnival and you are buying carnival you can wake up any day and there could be a shock to that stock that says they can't support the debt they might go out of business and you could just see a dramatic drop off maybe you trade it with options to get some defined risk of some capacity even if you catch a bounce to the upside of this channel on you're talking about 14 15 16 bucks on carnival check to some of the chip stocks the video shares things been just hammered man up 2 tenths percent trading at 144 24 AMD shares get down as well down about 7 tenths percent this morning we jump back to Apple shares look at this man Apple quite a pop up 2.4% this acceleration Apple just traded up $2 from the open Apple just gained $32 billion in market cap in the last 26 minutes as Apple accelerates higher this whole yeah NASDAQ 100 now more than 1% in the positive it's gonna be an interesting one folks do we hold this do we hold it into tomorrow's number gonna be some dicey action tomorrow I bet we're going with 75 basis points next week man and I bet even if we come pretty close in line the numbers they're looking for the reason why we spent so much time on it today folks try and remember the numbers we're looking for and try to remember how hard it's gonna be to get to anything resembling normal CPI and until it's you know something with conviction the conversation is not gonna end and the chairman's gonna be out there and the S&P's are sitting pretty relatively well 41 26 coming into potentially that third 75 basis point stay tuned folks Basil Chapman he's back live live programming all day at TFNM Basil's up next have a great Monday everybody