The busy Christmas period can sink or save the Forrest-Green Rovers side but they're within touching distance of safety in Sky Betley 2. Two points off Tramir with a game in hand as well coming into midweek. They're on a form over the December period, but work Christmas wonders for David Horseman's men, but first they host Bradford City in their last game in November. The visitors have had back-to-back wins in all competitions, ending their three game losing run back-to-back victories in the winter night. They can lift them within three ground spots and right back in the hunt for promotion once again. It's one of the lights this evening. Three points, all important. Both the hosts and the travelling players. It's a beautiful crisp evening here at the Bolt Newlawn. Conditions are perfect for a bit of winter football. It's actually cleared away. Smallwood gives it one. Lovely little ball into the channel and pumped across goal as well by Walker. It's a very bright start this from Bradford. The man that won the corner is going to come across and take it here. It's going to be that in-swinger with the right boot. Richards is close to provide the support but he's going to be ignored. Headed back across goal and turned in. Inside 10 minutes, Bradford strike first. Simple header in the end for Matthew Platt. Two in his last three games. The big man rising above everybody. This has to nod it down from close range. There will be question marks from James Belshaw about the defending that was in front of his goal. Boris Greengrove is struggling straight from the get-go tonight. Bradford happy to capitalise. Cook fighting for it. Looking to defend from the front as well. Back to Cook. Goes down inside the box. Penalty given. Jordan Moore-Taylor clumsy challenge in the end as he had the forward just lumbering into him. Cook won the penalty. Will take the penalty and will score the penalty. 21 minutes gone. Could be a goal every 10 minutes almost for Bradford tonight. The way things are going is the worst possible start for the hosts. You get the feeling this could be a very long evening indeed. He's never going to miss. Was he from the spot, the big number nine? Now the visitors have a healthy cushion in front of them. Still waiting to really see a chance on goal from the hosts. Good evening so far for Harry Lewis at one end of the field. It's going to get busier perhaps through his opposite number for sure was quick off his mark just to try and close down the angles and Smith. Couldn't find the target in the end. Difficult one that was just had him moving away from goal slightly. Didn't want to take it with the left boot. Tried it with the right instead on the outside of the boot. Bernhardt fizzed along the playing surface. A bit of possession inside enemy territory. Exactly last long does it although that's well picked off by the fullback. He lay into space over the top of the crossbar. That was a solid move but the young Belgian unable to cap it off with the finish. Sums up the first half so far for the hosts. One fleeting moment. Montoya squandering the only real chance that Forest Green Rovers have had so far tonight. Need more in this second half. Maybe more coming as well. He's onto this one and rounding the keeper. Somehow it stays out. 21 year old doing all of the hard graft. Getting there ahead of Lewis and rounding the shot stopper. Clumsy goalkeeping really from the Bantam shot stopper. Just dragged wide of the mark. It's a warning sign that for Bradford. Halliday gives it short. Walker. Wonderful work by him. Difficult one to take in the end with so many defenders around and Bernhardt was just hanging off and he could. Could felt I think that he was pulled down or at least impeded. Forest Green Rovers defender. He got to get his boot to it but always underneath it. Always sending it into the air. Attitude appeal for a penalty. The Belgian goes over. Nothing's given. You can hear what some of the travelling supporters feel about that. In the meantime the host just getting on with things. Trying to flash one through the crowd of bodies. Lewis is being tested more and more in this second half. Certainly more than he was in the first. It's an optimistic effort to try and beat the keeper at the near post but it was hit well. Bunker has to go back or at least laterally. Try and give himself some space over the top by Walker as the away side come the other way. Cook and Co waiting inside the box. Needs the service that isn't coming their way beaten away instead by the keeper. Gleib with the effort. Belchalt just about doing enough to keep it out. High into the night sky. Down the right end of the pitch for the visitors. Might be in the right place as well. Beautifully worked on the edge of the box. Everything was so smooth and subtle until that final finish is just spooned well over. Bit of room on that far side of the field. Nothing coming from it however cleared away by Ash Taylor.  Jones with space. Oh it's off the crossbar. They've been looking for a spark and they almost found it. Might inspire something you know. The substitute just settled. Barely seemed to strike it but hit so cleanly. Just stays out. It's getting late. It's going to be a comeback for the host. It's got to happen soon. They're pushing bodies forward. It's leaving them exposed slightly. So David pulls it across. Can't be finished initially. Turned in by Walker. It's been a live wire all evening. There's a bit of afters as well which is a slightly unnecessary end of the proceedings unfortunately. Frustration for Forrest Green boiling over a little. Not exactly shying away from the confrontation. Took exception to perhaps the challenge that came his way. As he struck it home. Poor defending Taylor hacks it away but he brought his man down in the process. Trying to say that he was the last man and the official agrees with the home side here. Ash Taylor sent off a slight blemish and what's going to be a fine result for Bradford City on the road. The defender is sent off in the dying embers of this one. Certainly a pullback. He could argue that he was the last man. If the referee sees it that way, it's to be a red. Slowly impeded. Bradford will finish this one off down to 10 men. There is holds and that is the full-time whistle. A very good evening out for Bradford City on the road. Three wins in three for them in all competitions. Back-to-back victories in the division as well. Not to keep them ticking along nicely while Forrest Green Rovers continue to dig themselves into holes this season with a lackluster performance on home soil once more. They trailed after just nine minutes where Matthew Platt rose to not home from close range before Andy Cook doubled the advantage midway through the first half. Jamie Walker putting the icing on the cake in the end in the 87th minute with the third goal of the night for the visitors that gives them all three points on their travels. The final score here at the Bolt New Lawn finishes Forrest Green Rovers' nil. Bradford City 3.


I hope you've enjoyed, I trust you've enjoyed the proceedings up to now and will continue to enjoy them over the next few days. As indicated, I am a professor in the economics department. I focus on environmental policy and a lot of my work has been focused on issues of climate change policy at the national level in the U.S. and also in California. I've also begun to do some work on some very exciting developments in China to introduce a nationwide emissions trading program in China, which will be very relevant to what Hajim and Casey are going to talk about immediately following my talk. So I'll talk for maybe 20 minutes. I'd like to leave a little time for your questions and discussion. If as I go along you have questions, comments, that's fine too. So the title here is U.S. Climate Policy and I'm going to say something about climate policy in the U.S., both at the federal level and at the state level. And as the subtitle indicates, I want to go beyond looking just at issues of what can we do with low cost, what are the costs. I want to talk about issues of fairness. How can you make sure that the policy distributes the benefits and costs, especially the costs in a way that's equitable across parts of the country, across income groups, across generations, across ethnic groups, and how can you try to get it through the political filters. That's a lot to do in 20 minutes. So I'll just speak briefly about each, but I'm going to try to see if there's a way that one can, as you say, thread the needle.  And just to start, I'm going to plug the book, you'll get the book. The book we completed last December and maybe the most poorly timed release of a book in history. But my only answer to that is we're playing the long game here. Maybe after the midterms things will change or after the next presidential election. What we've put in the freezer will still be digestible. And we look at four different kinds of policies. These are all at the national level, though I will be talking about policies, state policies a bit. And do I dare? Up and down. That doesn't sound right. Oh, okay. Okay. Carbon tax, revenue neutral, meaning that whatever money brings in from the tax is then recycled back to the private sector in some form, maybe by cutting other taxes. Cap and trade, which is very similar to carbon tax, and you'll talk about that more after this talk, after my talk. A clean energy standard. We already have energy standards in the form of renewable portfolio and renewable fuel standards in about, well, at least renewable portfolio standards. We have them for about 29 states already, but this would make it nationwide, or an increase in the gas tax. Now let me start with some cost considerations.  Economists tend to embrace these instruments over other approaches to reducing greenhouse gas emissions. And there are a number of attractions I'm going to emphasize too. One of them is that is cost effectiveness. Cost effectiveness is measured by how much it costs to achieve a given target, like a certain percentage reduction in emissions. And at least in theory, and a lot of the empirical studies bear this out, these approaches by pricing carbon, by putting a price on emissions, either through a carbon tax or through cap and trade, they encourage reductions where they can be achieved most cheaply. And that saves you money in terms of reaching a given target most cheaply. This gives the facilities flexibility to decide how they're going to avoid tax or avoid having to buy more cap and trade emissions permits. And they reduce up to the point where it's still worthwhile for them. They don't reduce so it's too costly or though it's not costly enough relative to the tax. That has nice properties. In economics jargon, it means that the marginal costs of abatement are equated to the price of the tax or the price of emissions allowances. That maximizes cost effectiveness. A clean energy standard, and I have a paper that says a clean energy standard would be a nice alternative, as well as in the book. But it may not be quite as good because it's not quite as flexible. It's hard for regulators to know where to set the standard across different technologies or across different industries in a way that's as cost effective. The second main attraction of carbon taxes and cap and trade, and they're very similar in that they both effectively put a price on emissions, is the gains from whatever revenue you might get from the tax, or in the case of cap and trade if you're auctioning some of the emissions permits, whatever revenue you get from the auction, those revenues can be put to a good purpose. One is they can be part of a tax swap. That is we're going to instead of having such taxes on good things like income or on labor, we're going to devote taxes more to problematic things like pollution, use the revenue to cut the good taxes. That kind of tax swap can make the economy work better. And that's one thing, it produces efficiency gains at lower costs because it avoids what economists call the distortions or deadweight loss. Those of you that have some economics, you're familiar with that concept that comes from ordinary taxes. But not all taxes are equal. Not all taxes are created equal in the sense that a tax on an externality like pollution emissions or in particular carbon dioxide emissions, that's not creating a distortion. That's in fact help remedy or reduce the distortion from the fact that you've got this external effect that ordinarily facilities don't take into account. The other thing you can do from recycling is you can use the revenue to help finance investments in, let's say, green projects. And in the state of Washington, initially there was an initiative to have a revenue neutral carbon tax and it got voted down because environmental groups didn't like the way that the revenues are being used, they were being used to cut taxes. They much preferred that the revenues be used to finance green projects and it looks like they're working out a compromise where the revenues will be used both ways. But both of these are attractions. But their drawbacks, one is you might argue it's not fair, carbon tax or even cap and trade could disproportionately hurt low income households because it's going to raise the prices of electricity in general and transportation, goods and services that are disproportionately large share of the budget of low income households. So they would disproportionately suffer a greater loss of real income in proportion to their original income. So what do you do about that? And I'll suggest there are ways to avoid that. The other issue is they may be less politically feasible. Taxes are salient, you see them. In contrast, when you introduce technology standards, the cost may not be as easily observed. There still is a cost but it's not as obvious and a lot of people just don't trust taxes. They don't like the fact that you're going to get some money into the government. They're not sure that the money is going to actually be recycled and instead may feed the beast in the sense that it'll just enlarge government spending in general. So there are drawbacks and I want to look at these. George Schultz, I don't know if he talked about this but he and several other very eminent economists, Marty Feldstein was previously head of the Council of Economic Advisors. So was Greg Mankiw, he's a Republicans by the way, Hank Paulson, head of the Treasury. James Baker was Secretary of State.  They don't use the T word but it's the case for carbon dividends and hopefully this will have some effect but currently in the current political climate, big, big challenges. Just to give you an idea of some of the political challenges as well as opportunities, I just suggested that a carbon tax may be good on economic grounds, cost-effectiveness grounds, so could cap and trade but notice, and this is the recent Stanford ABC News RFF Resource for the Future study, the public's opinion or support varies a lot depending. If it's involving raising taxes, which a carbon tax would do, it actually would raise the price of both electricity and gasoline. The public tends to be more opposed, whereas if it's tax breaks to build nuclear plants or for renewable energy or tax breaks for smokestack scrubbers, there's less opposition, much more support. So maybe one needs to be very flexible here but I think there's a certain handicap faced by anything that involves taxes and indeed some of this also applies to cap and trade, more on this in a sec. But in terms of the economic case, growing a little more economics at ya, the fundamental concept in economics is that markets don't work well when there's something called an externality, when there's a cost that's not being generally taken account by those that decide how to produce. And a paradigm case of an externality is the damage to climate and human beings and other species, generally quality of life, that comes when you combust certain fuels that release CO2 and other greenhouse gases. That externality means that the market isn't really getting folks to economize or to wean themselves enough from these damaging activities and what a tax, a price on carbon does, whether it's through cap and trade or through carbon tax is it makes individuals, producers and consumers take account of these costs when they make decisions just in the way they take into account the usual costs that you face when you pay for electricity or gasoline or when you buy food or when you decide what car to drive. It's a matter of internalizing a cost that ordinarily isn't taken into account. And that's the theory is that when you do that, the benefits you get in terms of the avoided damage to the environment be it in the form of climate change or local pollution or water pollution or species loss, those benefits will exceed whatever economic sacrifices are involved. And just to get one example from the book, we measured the benefits in terms of the so-called social cost of carbon, the central value used by the Obama administration. How many of you have come across the term social cost of carbon? It's a measure of what the environmental damage would be per ton of carbon released in the atmosphere as in the form of global climate change or equivalently it's a measure of the benefit from reducing by one ton emissions of carbon dioxide. When we calculate those benefits against the cost, the net benefits, environmental and health gain, climate gain, benefits to climate and benefits to health, they far exceed the cost. It depends how much emissions reduction you do but you see these benefits continually exceed the cost and we do it depending on what discount rate you're using to measure the future benefits. The higher the discount rate, the more we're discounting or lowering the future benefits but even with a high discount rate, this is in the positive orphanage that is the benefits exceed the cost. So it says it's may not be a free lunch but as I often say it's a lunch worth buying because it may come at a cost to the economy but we're getting benefits that exceed those costs. So that's the economic side, it suggests to sum up. One, the carbon tax and camp and trade is a particularly cost effective way to go. They face political obstacles. They are worth the price in the sense almost all studies indicate. I can't even think of a study that doesn't. The real quibble is about whether it costs anything before you take into account the environmental benefits. That these benefits exceed the cost it's worth doing so why don't we do it? Well, there's such a thing out there as information and politics and special interests and what do you do about that? Well, let's talk first about ethics before we get to the politics. Can it be made fair? Again, I already mentioned that if you introduce a price on carbon dioxide emissions it could be unfair. It could disproportionately burden low income households. Is there a way around that? Well, let's take a look. This is from the book. If the question is whether the impact would be regressive, a regressive impact is one in which the loss of real income or the increase in the cost of your basket of good and services is higher for low income groups as a proportion of your income than for high income groups. Well, this from the book says, yeah, it looks unfair. But each of these downwards facing bars indicates the loss of real income as a result of the higher prices. And these are quintiles. So this is the lowest income fifth of the population. This is the highest income fifth and these are in the middle. As a proportion of their income the impact is worse for the lowest income folks. So that looks pretty bad, but there is a way around. Let's suppose you recycle the revenues and depending on how you recycle the revenues you can undo this. And here's what happens if you recycle the revenues depending on how you do it whether you give it back as a rebate check cut social security or payroll taxes cut individual income taxes or corporate taxes this no longer is sloping like this it's no longer worse for the lowest income groups. In fact, the overall incomes impacts on the higher income group on the lower income groups are positive after you rebate the revenues. And this is if you cut these tax rates all in the same proportion. So you get rid of the regressivity. So one thing that folks should keep in mind and policymakers are beginning to recognize this is that before we talk about fairness we have to think about the whole package. Don't just think about the effect of introducing the carbon tax. Look at the overall effect after you have done something with the revenue. And if you use the revenue for example to cut individual income tax rates or corporate tax rates proportionally or give it back as a rebate check it now helps the lowest income groups. Okay, so judicious recycling can eliminate the regressivity. I'm not saying that's a panacea there's other issues here as well but this is at least as one direction one can take that can help. What about fairness across industries? Some folks worry that the fossil fuel industries are gonna really lose their profits and owners of those corporations they're gonna suffer losses of wealth that are significant. This may seem unfair to burden some subgroup of US industry so much. And indeed if we simply take the revenue and use it to cut individual income taxes you'll notice these are the percentage losses and profits relative to the business as usual or no policy case. It's much bigger for these energy intensive industries like coal fired generation or other fossil fuel like natural gas. And natural gas extraction and coal mining. Don't be concerned about the exact numbers here but this is a general picture that many studies indicate that those industries would be disproportionately affected in terms of profits. You may say so what? Well as a matter of politics at the minimum it's important to try to perhaps spread the impact or even avoid it. Well there's a way to do it and here's just one of several ways in the book. Say you take the revenue instead of returning it as an equal rebate check to everybody return it through a cut in marginal tax rates on the corporate tax rates and we can do it and actually avoid the profit losses entirely. And this indicates the percentage reduction in the corporate taxes that would be needed in order to do that. I'm not saying that that's the only way to go but I think the main point here is it so much depends on what you do with the revenues that can undo what some might consider unfair impacts. So that was awfully brief but as I look at the equity of the fairness issues and some of the economic issues I'm arguing that on economic efficiency grounds where that is the net benefits, benefits minus costs it's a very strong case. On fairness grounds I think it's defensible it depends on what you do but it doesn't necessarily have to be the case that a price on carbon be it in the form of cap and trade or carbon tax has to disproportionately hurt low income households and you can broaden that point to apply to disproportionately affecting other demographic groups. I don't have time to get into that but that's been an important issue in California by the way issue in the environmental justice community had been very worried that cap and trade I guess you're gonna get into this right after this talk would disproportionately hit low disadvantaged neighborhoods and what can you do about that and I think something can be done about that and California has done something about that through recent legislation but they're political obstacles so the last few minutes I wanna just talk about the politics again very briefly what's the opposition? Well the Trump administration as you probably know is gonna pull out of the Paris Agreement and right now they're nullifying what Obama administration had pledged in terms of tightening the fuel economy standards on cars which is climate impacts because both standards affect miles driven and more often they affect emissions which contribute to climate change and they're about to replace the Obama administration's clean power plan which are applied to electric utilities with much weaker rule now by the way the Trump administration is obligated to have something to deal with carbon dioxide because Supreme Court ruling and the EPA are obliged under the clean air act now to deal with carbon that what they can do is they can probably do something much, much weaker and still satisfy the statutory responsibilities of the clean air act. So in terms of political opposition what these two pictures show up anything with a line through it is a climate denier if it's red it's Republican if it's white it's independent and if it's blue it's Democrat and in the Senate shows the alignment at this time of this it's 53 against out of the 100 senators enough to block stuff at the federal level and in the House similarly it's 232 to 435 the independence at least at this point were not deniers but still there weren't enough independence plus Democrats to get this through. So it's a close call and maybe the midterms will change something at least at the House level we'll see maybe the book will have some bearing there are some positive signs one is that at the grassroots level there is tepid support for climate policy tepid or let's say slight majority support so if the House and Senate changed to be more aligned with the grassroots then things could change this is some recent work done by a group at the University of Chicago the question here is what percent of Americans say a climate change climate change is a problem that the US government should address it varies along party lines but it's got a lot of support among Democrats and independents less by Republicans overall it's around 60% support also the question is what percent of the public would support a monthly fee to address climate change of at least $1 51% said yeah they would actually pay a fee that percentage declines although not evenly according to the study depending on how much you'd pay but this also indicates that there's less support for the putting a tax on than there's general support we saw earlier for doing something this is from the recent Stanford RFABC poll and I just wanted to show you how things have changed over time not all that much this is 2010 76% said the US should limit greenhouse gases through government action it's up to 78 now and this is all within sampling error so that hasn't changed a lot you can take that read that how you want timely in a way majority of Americans say climate change makes hurricanes more intense and what states are doing is important here's a piece that says that the states themselves are on track to hit a 24 or 29% cut in greenhouse yes you low 2005 levels in line with the Paris pledge so if the states meet their commitments we can get a long way without federal action so to me that's some good news here's another thing which indicates make it quick that there's a coalition of US state state attorneys general and cities that have made strong commitment and they already have 245 cities and nine states involved many colleges and universities representing 120 million Americans so one of the strategies might be while things are stalled at the federal level push more on the state level so here's my I think it's my last slide some potential strategies which I hope at least have some support from what we've seen in the last few minutes one is to be flexible don't have just the simple textbook policy that says just introduce a simple carbon tax don't worry about how the revenues are used be very judicious in how you use the revenues if you do it or perhaps in order to win over states like Washington state combine revenue cuts in the form of tax cuts with rebates to households so that you deal even more with distributional or fairness issues second support the state level efforts third push to influence election outcomes in swing states so the prospects might improve after the midterm elections we will see but I guess the bottom line I think is that there are ways to sagaciously combine concerns about cost minimization about distributional equity or fairness and political feasibility and hopefully if one is threading the needle pretty carefully over time more aggressive action on the US as a whole will take place there is one more challenge which I can't resist saying which is we have a problem of false news and that I think is a fundamental that gets in the way a lot as long as there's a lot of information coming to the public that suggests this is all a hoax that's gonna make it harder but that's way beyond what we can talk about right now so let me stop for just a few minutes maybe three or four minutes I'd be interested in your questions or comments yeah yeah I have a question about how we sort of pierce the zero sum game between the two political parties because regardless of what happens in the next election I think it's unlikely that there will stop being this divide between the two parties so how can they win support so that this is no longer a divisive issue that's a great question I don't have a good answer but I think that let us suppose that that the situation changes so that something at the national level does go through even though there's fierce opposition from the other side of the aisle I think one thing that helps is just history that if over time it shows that this doesn't kill the economy that can help lower the opposition I think that's happened in California the Republican side opposition to cap and trade has waned considerably because by and large it hasn't it certainly hasn't killed the California economy and it's not clear how much if at all the growth in income in California has been slower than it would have been had there been no client policy so that's the best I can offer right now Yeah, but that's a great question Yes How do you find a very significant difference between the two parties? Is that someone who says that originally that the country is at all in the same temperature or someone who follows these questions and who is at all in that very big time? You know, I have to check that but I think they are showing up they are simply opposing any effort to deal with climate change on the grounds that there's no clear anthropogenic cause so they may, in fact, even Senator Inhofe from California has acknowledged that the climate is changing but then he says it always has changed but he's clearly a denier so these are people who are opposed to the view of taking action and they justify that on the view that there's no clear connection between human activities and climate Yeah There was a question here If we have time we'll do some more Yes I think British Columbia, Canada has won the only partner economy in North America that has a carbon tax Do you know much about it and can it be a model for American states? Yeah, I think British Columbia is a good model cause they propose a revenue neutral carbon tax by which we mean that the money coming in would go back out to the economy it wouldn't be used to increase total government spending and I think the way they got it through is that they recycled in three different ways each kind of helping appease one stakeholder group part of it goes as a rebate basically a lump sum check to every household in British Columbia that also helps make things progressive rather than regressive part of it goes to finance green projects and thereby avoid having to raise money elsewhere for those projects and a part of it went to pay for corporate tax cuts so I think the lesson there at least one may draw is that in order to get something through you've got to have some heterogeneity in the way that you recycle the revenues which we'll see maybe there's an answer there here for the U.S. as well Okay, a couple more questions, yes and then go ahead I just wanted to know your point of equity are you just talking about the distribution of the cost of tax or are you also incorporating the effects that could occur from localized pollution from the reducing to what is the most possible benefit then but not necessarily the most regionally beneficial I may not have been consistent but any good discussion of fairness should include both the evenness in the distribution of the costs as well as the distribution of the benefits to a large extent here I focus mostly on the distribution of the costs but clearly a full fledged discussion of fairness should incorporate that as well and it's the distribution of the environmental impacts that is a great interest in California but I think California has gone a ways to deal with that But I guess my follow-up question is just if they're really hard to get money to address that are they doing it like a free approach? In brief I think it requires a supplement to many of these policies which is what California did that is a carbon tax alone isn't going to deal with the distribution of the climate benefits or environmental impacts so you need to accompany it with something else and what California did is it accompanied its cap and trade bill with something else which requires direct regulation to assure improved air quality and disadvantaged neighborhoods so I think maybe there's a general lesson here actually I'm glad is that one instrument often cannot do the job as much as I'm pushing for revenue neutral cap and trade or carbon tax I would argue that it needs to be accompanied by other regulations not to excess but in order to deal with other dimensions and another dimension I didn't have time to mention but now I will is the issue of technological change or invention and there are such things as market failures associated with innovation which would justify technology promoting policies like research and development subsidies in addition so no single instrument is generally able to deal with multiple market failures. Last question. About serious issues do you also worry that adoption of residential solar panels in California will also create a serious issue for low income people and there seems to be no revenue that can be re-adaptated in this kind of situation? Well you have to help me with this. What is the unfairness issue associated with residential solar? Oh, when we talk about residential solar the truth is it will also resist natural supplies like that. Okay, yes, fair enough and that may require some other again an additional instrument to deal with that a carbon tax or cap and trade is not going to address that. I think there you need another lever, another instrument. All right, well thank you. I hope that this was helpful and useful and enjoy the rest of your time and also I hope that you get the book.


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Well, good afternoon, everyone. I want to thank, first off, Dr. Minolio, for the very kind invitation to our office. I want to thank NIH as well for convening this very important meeting. I bring greetings from the Assistant Secretary for Health, Dr. Howard Koh, who wanted to be here but couldn't be here today, but sends his regards. Obviously, this is a critical, critical area, the integration of genomics with clinical medicine, cutting edge area that'll only grow more and more important. I also want to introduce a colleague of mine, Dr. Lisa Lee, who's here with me today, and you'll be hearing from Lisa in just a couple of minutes. She is the Executive Director of the Presidential Commission for the Study of Bioethical Issues. They've tackled issues related to genomic medicine, and Lisa's going to talk a little bit about their work in a couple of minutes, and that commission is housed within the Assistant Secretary for Health's office as well. I think many of you who are a part of Health and Human Services know about the mission of the Assistant Secretary for Health's office, but just to review, the responsibility is broad. It's to help the Secretary of Health and Human Services in the department and provide leadership in ensuring coordination and collaboration on key public health issues. So we're broad, actually very broad. We have 12 public health offices in a variety of areas, so we have offices focusing on subsets of the population, office on minority health, women's health, adolescent health, family planning. We have offices that focus on key public health issues, whether it's vaccines or disease prevention, HIV, AIDS, blood safety. We do have a few regulatory offices, the Office for Human Research Protections, whose director, Dr. J. Menikoff, actually wanted to be here today, but just got pulled off to a last minute meeting. We have an office on research integrity as well. The certain general's office is within our office. So again, quite broad in terms of our responsibility, 12 public health offices. We also have 10 presidential or secretarial advisory committees, and Dr. Lee's commission is one of those 10. We're currently doing a scan of our office in terms of trying to understand who is working in the areas of genomic medicine, and I think that will be quite revealing. Obviously, Lisa's work and Jerry's work does touch on that interface, but I did want to just touch on, in the couple of minutes I had, on one substantive area that's being led through our Office on Disease Prevention and Health Promotion. Many of you have heard of Healthy People, I hope. Healthy People are the nation's health objectives first set out in 1979. Every decade, there are new set of health objectives. Healthy People 2020 was issued in the latter stage of 2010. And again, these are hundreds of objectives, the nation's health objectives, which we track over time to see if we're making progress. There are actually 42 topic areas for which these objectives are categorized, and actually one of the new topic areas in Healthy People 2020 is genomic medicine. This is led by CDC. You'll hear from Dr. Query in a few minutes. It's also co-led by ARC you've heard from Dr. Clancy. So genomic medicine is a new topic area. The goal is to improve health and prevent harm through valid and useful genomic tools in clinical and public health practice. There are actually two now objectives in Healthy People 2020 related to genomics. One is actually, it's actually one, one in practice and one in development. And they stem from recommendations made from independent panels on genetic testing based on thorough review of the scientific evidence. And I just wanna run through both of these recommendations so you know these objectives that we're following. They're both in the area of cancer prevention. The first recommendation is from the US Preventive Service Task Force. It's a recommendation focused on women who have a high-risk family history pattern for breast and ovarian cancer who could benefit from receiving genetic counseling to learn about genetic testing for BRCA one or two mutations. Given that recommendation from the task force, there is an objective in Healthy People, which is to increase the proportion of women with a family history of breast and ovarian cancer who receive genetic counseling. Now in 2005, based on data from the National Health Interview Survey with CDC tracks, about 35% of women with a family history of breast and or ovarian cancer received genetic counseling. That's in 2005, in 2010 that number jumped to about 53%. So in tremendous progress in those five years and you can imagine this will continue to track upwards given that this is also an A or B recommendation of the US Preventive Service Task Force. There are implications here because of the Affordable Care Act and the waiving of cost sharing for recommended services. So this is certainly an area that we are following through Healthy People. The second recommendation actually comes from the Evaluation of Genomic Applications in Practice and Prevention Working Group. This is a recommendation related to colorectal cancer screening. The idea that those newly diagnosed with colorectal cancer should receive counseling and educational materials about genetic testing to seek individuals who might actually have a hereditary predisposition of colorectal cancer. This is Lynch syndrome for many of you who are familiar with this. So there is a developmental, I think it's still developmental, a developmental objective to increase the proportion of persons with newly diagnosed colorectal cancer who receive genetic testing to identify a Lynch syndrome and this is being tracked again through CDC and NIH data. So again, those are just two examples of really, I think, cutting edge over the last few years applications of using genomics that are being used, certainly at least for BRCA, by frontline providers that we're now tracking from a population health perspective through Healthy People. We realize this is an important area. The future of medicine will continue to fully embrace genomic medicine. So I think that's very exciting. I'm gonna just stop here. I'm gonna ask Dr. Lee to offer some additional thoughts as well as to discuss how her office's specific efforts interface with genomic medicine, just so you have a broader understanding of OASH's work and how we link to this topic. Lisa? Thank you.


Welcome to All Hands Update, here's what's happening around your Navy today. The fifth iteration of Exercise Cutlass Express began in U.S. Sixth Fleet, January 30th. The exercise will test the watchstander's ability to respond to illicit trafficking, piracy, illegal fishing, and search and rescue situations. The Navy christened its newest Freedom Variant Littoral Combat Ship, USS Sioux City, during a ceremony January 30th in Marinette, Wisconsin. The future ship is the first to be named in honor of Sioux City, Iowa. Food service officers and culinary specialists finish the Go For Green or G4G training and Naval Supply Systems Command Fleet Logistics Center, Norfolk, Naval Air Station, Oceana, and aboard USS Jason Dunham. G4G is a food identification system designed to help service members identify healthy food and beverage choices while dining in military galleys. You can read more about what's happening around your Navy at navy.mil.


African countries are at high risk with respect to cybersecurity breaches and are experiencing substantial financial losses. This article presents the conceptual design for a cybersecurity resilience maturity measurement, CIMM framework to be applied in organizations. The CIMM framework defines for cybersecurity resilience quadrants, CRQs, which depict four different degrees of organizational preparedness. This article was authored by Uche M. Banaiso, Lucian Abrahames, and Ogonovo Verozaianapin.


Hi everyone, Joe for jaspyscasebreaks.com coming at you with 2021 tops diamond icon baseball diamond icons baseball multiple icons Baseball one box pick your team number nine. This is just a loose box sent to us By our distributor right here Just a loose box right there and that's all we have for diamond icons for the time being maybe we'll get some more in the near future All right, so here on Thursday the 8th Just pick your team nine Thanks everybody for getting in so there it is. Thank you K car when it sells out K cards right up on top here. All right. Good luck everybody. Let's see what we got We got rocket Roger Clements 7 out of 25 Red ink autograph that's gonna be for Howard and the Boston Red Sox. Let me keep track of the hit list Stuff here. All right. Thanks. Howard Next up is a dual autograph It's Nolan Ryan 9 out of 10. We got Astros edition and Rangers edition. That's a randomizer The Astros that's for yens and the Rangers is Ryan So one happy person one sad person. All right. Next up is chipper Jones four out of ten that goes to Howard and the Braves Howard Next up is Garrett Cole 15 out of 25 for the Yankees Sean O Yankees Next up is Is Larry Walker 20 out of 25. That's a cool-looking patch Nice Rockies patch great autograph And that goes to PJ and Colorado last-fought mojo strikes again Next up is Jose Abreu 8 out of 10 I really love the design of this diamond icons this year. That is for Sean and the White Sox Next up is another White Sox 19 out of 25 Luis Robert 21 out of 25 Raphael Devers. It's another Red Sox for Howard One more autograph and then a relic only here. It's another White Sox. Wow six out of ten Tim Reigns It's another White Sox for Sean O and now the relic only and then we'll do the randomizer is A Dodger it's Clayton Kershaw five out of ten Just landed on the IL Hopefully you'll be okay. Get well soon Clayton. That'll be for Daniel Katz and the Dodgers All right Nice box Now let's see who's gonna get that Nolan Ryan autograph So let's go back to some new dice. There's a new list right there. So that's Astros edition and Texas Rangers edition One happy person one sad person. Let's roll it randomize it three times And we'll use this for the hit list promo randomizer as well the same dice roll three times. All right first The dual relic one auto Team on top gets it after three one two and three Houston yens with the Houston Astros congrats to you Now the hit list promo. So we'll take so sorry hit list Never fun, but you've got a chance to add a little bit of break credit a little consolation prize. So top two names We'll get $50 of break credit each after three times to lead all the blank spots here Top two after three. Good luck one two and Third and final time After three congrats to Arthur and Sean No hits for you, but break credit going your way. Thanks for watching. Thanks for breaking with us. I'm Joe I'll see you next time for the next break. Bye. Bye


The following is a presentation of TFNN. The Power Trading Hour with your host David White. Call now toll free at 1-877-927-6648 or internationally at<PHONE_NUMBER>. Now David White. Welcome to another excellent edition of the Power Trading Hour. Always, it doesn't matter where you're at as long as you're here at the point of time. So what do we have going on today? 64 points on the S-Cash and the real question is, do we have any kind of follow through with the way of the volume today? Volume is okay. Is it fantastic? We got about 7.4 billion shares so it's okay. The big question is the fund buying in today are we going to see a bit of a fall back? And a lot of people, as we talked yesterday, that I've seen a great deal of shorting and it kind of snuck up on me. I didn't really see it in the daily. And we've got pretty decent short speeds going on with a lot of folks. Yesterday, I think a lot of people looked at the candle and decided it's time to pull the trigger. Go short and they're getting these speeds out today. But not uncommon to see the most amount of money in by higher and higher prices. So far for over, probably a pretty good indication that if you're up 1.5% for fund buying, you've got to figure you're going to come back 1.5, maybe 3 quarters when it's over. So you can call<PHONE_NUMBER>. You can email me at www.cfn.com. And of course, you can always put a message in the den. So what else do we have? Oh, yeah. So, let's see what we have. Anyway, fund buying is pretty much over at the end of the day. Yeah, yeah. My guests, I'm on the audio. Something did set on office as I have anything or machine on slash show. So maybe guys in the in the control room can around possible reasons that don't think so. We'll check here and see if there's anything could be a problem. See what you have here. Nope. Settings look better. We'll turn the mic back. And here in the echo net, that's a little thing. Okay, so what are we going to be doing today? Well, like I said, volume is pretty good. Last day of fund buying, normally you're going to get at least a little bit of full back. Most of the courts get squeezed out during fund buying. And that generally means there's a little bit of an air pocket. And of course, in real bad markets, bigger air pocket. We had the Fed president of was Dallas. Dallas yesterday. Today, it was St. Louis Fed warning everybody that they're going to continue raising it shouldn't people and traders, investors get lulled into sleep, thinking that they are not. I don't know. A lot of people just at this point, saying they jawbone are far too long. And we'll probably have some kind of surprise in the market soon enough where they do raise that they would. That's it. See, maybe that helps. Probably a good idea there. Yeah, all the shenanigans at the very beginning of the show. And you forget you got to have a checklist like if you're a pilot on a lot of this stuff and figure out why stuff does and does not work. Anyway, as I said, what do we got about 30 seconds here left to the break? We'll see. Anyway, when we get back, we'll do a little bit of history and we'll go right on into earnings for the day. And you can give me a call if you want. If anybody knows what happened to natural gas in the last 15, 30 minutes, give us a call and give us a full report. We'll be back in a minute. friendly mining jurisdiction. Vista Gold 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, diverse partner, ready development stage gold project. Vista Gold trades on the New York Stock Exchange under the symbol VGZ. Are you grinding in the market, but seeing little to no return?  Learn to take the path of least resistance with David White's powerful trading newsletter. David White is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades. Support and resistance define the ranges at which stocks trade. By understanding these trading ranges, David White is able to find a path of least resistance. David White's trading newsletter, The Path of Least Resistance, is delivered daily before the markets open to make every trading day an easy win. Visit TFNN.com today and subscribe to David White's Ultimate Trading Newsletter for $119 a month and try all of our newsletters risk-free with our 30-day money-back guarantee. Take the path of least resistance at TFNN Educating Investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the markets open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN Educating Investors. Toll free at 1-877-927-6648, internationally at<PHONE_NUMBER>. And we're back. I was trying to see if anything was going on in natural gas here. This is something. I don't think that this is it. Something about tanks. But who knows? Okay, we got emails coming in across the transom already. So let's go ahead and do a little bit of history and then move on. On this day in 1993, Apple introduces the first Newton Message Pad, one of the world's first personal digital assistants. I had one from a competing brand from 3Com. The term's PDA was first used by Apple CEO John Scully in 1992. While commercial failure, the Newton platform set the bar for future PDA designs. And of course, the application of programs in a handheld device that would later become an iPhone. But perhaps the most important advancement of the Newton offered to technology was the development of the ARM processor. Of course, we hear a great deal about ARMS now with Nvidia trying to buy it and failing. No one wanted to sell it to them. And now ARMS processors becoming prevalent, at least on the low end of the server market. Apple invested heavily in the fledgling architecture to power the Newton devices. The ARM architecture has been the foundation most of the world's mobile devices since that time, including versions of the iPhone iPad and the rest. Apple did sell its ownership. So it could get some cash to stay in business, selling it for $800 million all those years ago. And of course, made them through their darkest day until they almost went bankrupt. When in 2002 or three, I can't remember right now, a huge loan from Microsoft kept them in business. Microsoft was deathly afraid of becoming even a bigger pariah for the Federal Trade Commission and antitrust. And we're probably going to see a lot of that in the next coming years. Okay, now with that over and talking about fun buying pretty much over probably by the close today. We'll see what happens. But it just looks to me like a handful of folks getting squeezed out into the end of the day. What else do we have? Let's go back through earnings here, Airbnb, this thing was all over the map after the close last night. It was down rather significantly. A lot of these stocks have come back from the lows of the day. This one's got a lot of juice back up. I don't think it was ever really that bad. I think it was much, may have been down to a hundred bucks last night after hours. Can't remember exactly, but it looked like it was fairly weak. Again, just going up to resistance and a lot of these stocks had some fairly high short interest in it. And those are stocks that you generally want to stay with because even if you're right, you can start to squeeze like you can get today. And it's going to, you really want to wait until everybody's kind of given up on the short side. That's generally when these stocks that maybe have weakness actually give it up. Kind of the same kind of situation with advanced micro devices. You would have thought that China was coming to invade them personally after hours last night, but some of the invectives of the short sellers. Again, this one did open up a little bit lower around 94s, back up around 97. Just way too many short sellers. You really had to have a massive loss to make the cash on this one. Were things good? No. Were they bad? No. Somewhere in the middle, yes. And of course, probably the reaction from last night where I think it got down to 92 bucks, I think I remember seeing it there shortly, was them talking about lowering expectations going into at least into the end of the year. Almost all these companies, NVIDIA, Advanced Micro Devices, Intel are putting off launching new products until next year. And they're doing that to make sure that they can get rid of inventory this year. So is it bad? No. Does it mean that we're going to work off to the races and everybody's looking into next year already? Also no. But probably the best thing for AMD is the failure of Intel. It's just kind of sideways. It came back and retested the low of July 29th. This is Intel, by the way, today and did so on lighter volumes. So you may have some kind of a low setting up. Resistance though comes in on Intel at about 38 bucks. Also out with the news was CVS and apparently you're out buying more things there. Up to 101.44 today did break through the high of May 26th. That was 98.30 with 5 million shares and you already have 7 million. So you've got a good day and it is holding up higher. Your bookie, otherwise known as DraftKings, had a nice reaction to earnings. Volume could be a little bit better, but of course price is first and volume second. But you had 26 million shares yesterday. You got about 16 million shares today. 16.74 on that one. The South American Mercado Libre, which is kind of a combination of Amazon and Google and everything. South, way south. Extremely south of the border. Nice pop on this one. It's not going to have huge volume. At least it's through the June 8th high. That's 528,000 shares. You've got about 436,000 shares today so far. And that kind of opens up right to resistance, which is at about 900 bucks. You got a double gap there and huge volume down from the May 9th low at 1.3 million shares. So probably as good as it gets here. If I was long this, I'd probably be ringing the register. It looks to me like a trading range is going to set up. If you're into spreading those diseases no one likes to talk about like Monkey Box, well you might just be on matchgroup.com. And of course that's really kind of curtailed action on that site as of late. And of course a huge gap down down to 59.15 today. And you can always count on the folks at matchgroup to get people hooking up even when there's some not so helpful diseases out. We'll be back in a minute. If you want to take advantage of this sector now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, JDX, as well as more than 30 different mining equities. To seep yourself, the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure. But you also need excellent instruction from 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. 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Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. I suspect that since no one got nuked yesterday, everybody thinks that there won't be any problems from China. But I'm going to book it down to a lot of people getting short yesterday and the end of fund buying. And we're getting that today. I wouldn't be too excited about Apple here. You had a huge down day on May 5th with 130 million shares. You're going through that today with 52 million shares. So probably very long in the tooth on that one. And what else see? PayPal. Another one out with earnings. And as we look at this nice gap, 201.  So it was in the bullish camp. 71.83 on May 12th got tested with 67.58 on June 30th. The volume almost 50%. So pretty good signal out here. Now you had two gaps. You may get a third. Why they are not saying it. I have a feeling that a great deal of the pop in PayPal is people coming back to it. Vmo and some of the other applications didn't have tax implications, i.e. they weren't reporting to the feds on what was going on. And people kind of going back to PayPal if that is not an issue anymore, i.e. you can hide your side hustle underneath Vmo if people will pay you that way. Kind of done. So everybody kind of going back to PayPal a little easier for bookkeeping. Unfortunately, you have to pay the taxes. But that's it. Okay. And what else do we have? Regeneron. Pharmaceuticals. Just a test of the previous high. Gave half of it back. Not much going on there. Let's take a look and see at the IBB. It's been going sideways. Did gap higher today. Is that going to break through? You needed about two million shares. You got about two million shares. It's not incredibly strong. If this holds, the next stop up is 135.53. That's the April 5th high in the IBB. That's seven bucks. That's about 5% on that. Okay. Starbucks. And right up to the double gap, that gap goes back to April 4th. 16 million shares on the gap down. You've got about 8 million shares here. So that probably suggests that it's about as good as it's going to get on this move too. I listened to the call. I didn't think it was that bullish. But again, way too many people short going into these earnings stocks and being problematic. Now, in one that's a legitimate breakout, we've got SoFi, which had the May 20th high, $8.04. 57 million shares back on that May 20th high. We are through that with 120 million shares. So double the volume. That's pretty good as long as you can hold 804. That's good.  Let's see what else we have here. Okay. We looked at the IBB question about the TLT. Well, we talked about the bonds and all the money coming into it. We also talked yesterday about kind of having a bearish engulfing on the candle yesterday in the TLT. It's not really pulling that much back. You did have a very good test, though, of the high. And that was the May 27th high, $119.07 with 26 million shares into it with a high of 18 million shares over those last two days. So yeah, I think you're going to probably start working your way back down to this low in the gap from July 8th. That gets you back into about 113. Question about Micron, which came right up here. Question about Micron. Well, I'm going to say, see, have Micron expire on 819. Well, I think you've got enough time. My guess, though, is the next couple of days are going to be kind of tough on it. As I said, into fund buying, normally you get a half percent in the market. Retrace even in the bull market. You chase all the shorts out fairly easily. I dislike that it has fairly light volume on a day where a lot of short squeezes are happening. So either it's happened already or it's not going to happen. Real tough resistance at about 65. So, you know, if I don't know where you bought them, where you went, but this would be one where I would say that I probably want to get out until I get until the same base is out around 63. Could it go higher? Yeah. I'm going to say more than likely it will move around between 63 and 65, though, for at least a handful of days. Okay. And what else do we have here today? Got about a minute and a half for this segment. And see. Okay. Question on CCJ with them restarting the nuclear reactors in Germany. Should I make out anything of this thing coming back? No. I think it's the whole energy sector, which is problematic. Crude oil, of course, down three bucks. So many of these folks have a basket of all these stocks. So that when any energy stock or when the sector kind of goes down, really, it's very tough to see a great deal more than the rest go down with it. So I wouldn't make a great deal of a deal about it. You don't have a lot of volume out here. And really, right in the half of this big candle went back up. Ideally, though, you'd want about 2375 to jump in Kamiko on the, you know, if the volume remains light, you get a little bit of pullback, really anything under 24 could be fairly good. I suspect it's going to do a lot better in the in the fall as people get cold with the rush keys, shutting off the natural gas to Germany. German Prime Minister told everybody today, start cutting wood. I think that tells you about everything you need to know. Be back in a bit. TFNN has been your trusted source of analysis for bonds, metals, stocks, commodities, and options for years. And we are happy to announce that we are bringing that same caliber of analysis for the forex market. Teddy Keckstad has 30 plus years of experience in forex trading, commodity risk management, forex hedging, volatility, and so much more. Teddy releases his weekly tiger forex report every Monday morning with elite coverage of all major currency pairs, including the DXY, Euro dollar, pound dollar, Aussie dollar, dollar yen, dollars Swiss franc, and so much more. Teddy will recommend specific trades when the market presents them and provide updates throughout the week when warranted. For the month of July, inaugural members of the Tiger Forex report will receive 25% off the monthly subscription for as long as they're subscribed. 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Sign up for Dave's newsletter, the Technology Insider, and get an inside look at everything the technology sector has to offer. Try it risk-free today with our 30-day money-back guarantee. TFNN, educating investors. Are China A shares hot or not? If you trade China A shares, now may be time to take a closer look. Trade CHAU or CHAD. Directions daily, CSI 300, China A share, bull and bear ETFs. China A shares in either direction. Visit Direction Investments.com today. An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact Direction Shares at<PHONE_NUMBER>. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. What is the stock going? Probably the best news you could have was lower crude prices for camping world. Anything that burns gas now problematic, you're getting some bounces in them, but planes and boats and RVs problematic. You need about 4 million shares. You're probably not going to get it today. I would have been out this thing on the pop today. Again, it's hard to tell what's going on with crude today or natural gas, but they're all moving fairly succinctly. That's it. Let's go back to this. Did I talk about Microsoft? I think I was going to get to that. Microsoft back up not bad, but volume really poor today, 14.2 million shares. Could you still get back up to 285? Yeah, that's where real significant resistance is. Setting up, I suspect a better trading range from probably about 255 up to 285-ish setting up here now. Okay, the S&P up 66, Dow up 430, Nasdaq up 230, and the Russell up 28. Okay, we'll go back to it. Did I get everything else? I think I did. To NFLX for John. We'll get anything going here. I have to say that I've been watching a lot of TV. I do get a lot of ads for Beavis and Butthead. I watched their Paramount movie special that was out. Beavis and Butthead do the universe. You know those two young gentlemen? I smell Oscar. Anyway, they've got the series coming back tomorrow night, not on Netflix. It's on Paramount. But as I said, I don't think that there's a lot. The biggest problem I would say for Netflix is whether they end up losing a lot more subscribers just because they have one very heavily watched TV show, one accounting for 50% of all viewership, and that had its season end here what a week ago. I don't know if they've got something really big that's going to drag more people in or keep it. But generally, when you get to half of everybody watching one show, it means that they're probably not watching that much of the other half. Always looked at the ups and downs of HBO when the Spranos went off the air. And a few other times, a lot of dips and dabs depending on how good your contract is. 1883 on Paramount loved it. Okay, that's it. Okay. I still haven't gotten any answers about why Boyle took off to the races today, about two o'clock, and given about half of it back, I didn't get a chance to dig through it before the show. But a lot of times, this has to do with futures, expiration, and or just the old short squeeze. But man, that was a nice little pop there. Volume, okay, but not that exciting. 2.2 million shares on the first and you got about 2.8. But you just went into this gap and you're really finding that resistance does come right in at that 84, which is the gap up on the 22nd of July. That had 2.2 million shares. So that is part of it. And then you've got this gap down. Happened on 2.6. So not an easy chart to read out here. But again, we're getting very close to finding the lows seasonality wise in natural gas. And that's kind of the last two weeks of August. So that'll be it. 1883. What's that about? I haven't seen that terminal list. I haven't got into that. I don't know why. Maybe because I saw five minutes of Jurassic Park, and now I'm off that actor. Okay, what do we have? Okay, question on IBM. Oh, that's right. Yeah, yeah, yeah. I had thought about that. 1883. That's the prequel to Yellowstone, the big draw on the Parrot Mountain Network. And that doesn't stream, I don't think. Does it? Yellowstone? But yeah. International business machine still has that high volume low out at 125. So you need to get back in there and test it. They need your prequel to flash. Okay, I wonder if you have to watch the prequel if you haven't watched the regular show. I don't know about that. Okay, anything else? We did that one, did that one. Okay, question on gold. We talked about how it would be nice for gold to have a little bit of a pullback into this gap. Very light volume today. Yeah, I don't know if you're going to get any more. But ideally, 162-ish would be awful. Sweet in the GLD. Not saying you're going to get it.  You really didn't have a ton of volume, but it was okay. You had 7.5 million shares on the 29th, and you're down on about half that today. And you pulled back a little bit on it. Yeah, depending on how much risk you want to take and how short of a trade you're looking for in gold, well, you got Thursday, tomorrow. Ideally, I'd love to see this thing pull back on very light volume into Friday's close and keep under like maybe 163 with no volume. And that might set up a continuation or move on. Ideally, 162 would set up a nice ABC to the upside. So yeah, I'm waiting for a pullback. Okay, question on Tesla. How high can it go? Well, I think you're running out of juice right about here. Huge down day on April 26 with 45 million shares. You're really kind of up to it with 21 million shares today. We'll be back in a minute. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a 7 million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC Capital Market Assistance in evaluating alternatives and in completing an accreted transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGZ. Vista Gold executing a strategy to create shareholder value. 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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. Catch Tom O'Brien, professional trader and educator, founder of TFNN. Also a special guest on CNBC. Tom will bisect and dissect the markets. The Tom O'Brien Show, next on TFNN. And as we wrap up today's show and wrap up the end of fun buying with a lot of short sellers out there in the market, probably being the first to blink on this, I've noticed I've gotten a bunch of email from the usual suspects who told me that the end of the world has been coming for the last three or four days. And generally those guys run out of money. I noticed the ones that voraciously email me all day long about the coming end of the world and why they are short 10,000, 100,000, 2 million shares or something. It's always, always interesting. I just always wonder whether these folks have money when they finally get to the market pulling back. Markets going up about three fourths of the time, even in a bear market. And I don't think anything has changed my mind that we're probably still in a fairly bearish market. Just got too short, got a lot of people moving higher. And we're probably going to see some distribution, I suspect. But anyway, keep an eye on it. If the market starts moving down, probably a pretty good confirmation that a lot of this was fuel from fun buying and running a great deal of shorts. Now in eBay, after the bell, we had who? Who? Asking about this, who was that? Accidentally deleted it. Sorry about that. About eBay after the bell, I don't know. I don't know anybody using eBay anymore. It's a great conduit to mostly Chinese stuff. I don't see anybody really advertising. It's either Craig's List or a variety of other things that they're actually selling. You know, maybe I'm way off on this, but I don't think they're probably good. I mean, just looking at the chart, I'm not expecting a whole lot of either way. A lot of resistance just slightly higher. So when you can, not when you have to, and we will see you here tomorrow, same that channel, same that time.


That's fun. Okay, so I can't get that to authenticate. Where's my restrain chat? We're gonna find restrain work for now. All right Yeah, I did freeze on it. It didn't freeze our power surged That's what happens. I'm pissed Caleb was pissed too So this is exactly where we left off Nothing has changed all like I went on the as soon as it went down. I went on to You guys can even see I don't really know we like you have cameras in here we have a camera like directly behind me so Like that'll if anything comes down to it. We have that to show that nothing was tampered with I took a photo as soon as we stopped. I haven't touched anything in this room When the power serves that was what five six minutes ago?  Yeah, the power surged No, I there's no bad weather. We just I don't know you guys So let's resume I'm gonna start the recording now Okay, everybody This is gonna be part two of the week nine Regular season 30 bucks 2017 immaculate and more football mixer The power surged We stopped on this awesome green scope Zach Wilson auto for the jet 62 of 75 Everything is as it was we have a can we have cameras in the room If anything we have that feed to show that nothing was tampered with at all everything else is sealed We only have two packs as prison box left So this is gonna be part two So congrats the jets on that we had a Devante Parker in the same pack to 60 Then we had that waddle base Yeah, guys, I'm sorry. Nothing that I can really do about that We had to wait for the power to come or the internet to come back on pretty much So here we go I'm just gonna keep going really sucks, but I Don't know man. I am upset. So we just get to it pull some big stuff here turn the mood around Purple ice Matthew Stafford Rams 14 of 225 a new emergent Jamar Chase Eric Stokes Micah Parsons a blue wave Carlos boogie bashing. There's a six hundred point nine hundred points in the back It's random to all boogie bashing was to 199 Okay, 2018 prism now 2018 prism we go man Let's see a big one. Let's see a big card. Let me go tweet out the stream actually once that guys We are back Again guys that recording Let me go look at it real quick. Make sure it kind of just stopped where it should have stopped And this one goes Not save it Only has a new one Have you got corrupted or something? I have no idea. We'll have to go clip it or something Josh Adams Eagles for key green ice 70 of 75 Chosen Rosen Jerome Baker, at least I'll be here tomorrow. I guess Silver duck Baldwin Seattle Joshua Jackson Packers Silverado silver rookie Otto is Owen Derwin James Got a red wave Mitchell Trubisky 99 of 149 Chase Edmonds Eto Smith cards. Come on cards. We've got a Mike white 49 of 49 on the red wave rookie Otto Cowboys Mike white Jets legend right there got a Pierre Garcon Niners 157 of 199 James Washington Shaqeem Griffin Lamar Jackson, I knew we were gonna do it dude rookie patch Otto Ravens Big time Lamar Jackson Yeah, baby 86 out of 99.  Yeah Ravens Big card. I guess you guys are I just scroll all the way back down to the bottom of this sheet Baltimore Austin be congrats Austin There you go, man Lamar RPA That's sick beautiful hit Justin Reed Darius Geis Power surge can't stop us y'all Pulling the big ones for you Heck yeah, man that's Got a rookie red wave Naheem Hines 146 of 149 sure made Edmonds Josh Allen base prism rookie nice card there for Buffalo Not the perfect surface. They needed to pay a little more. He had receivers for like three games this year He lit it up. It's a Brady Belle Brandon Marshall Seahawks. That's interesting hyper to 18 of 275 Dachon Hamilton Bo Scarborough Orange rookie Kiki to see for the Texans 142 of 249 Dante Pettis Apparently he's on the Bears now. He caught a touchdown at one point this year Bears just got all the former like hyped up players Got Nikhil Harry score and touchdown last week Sorry guys Sam Hubbard hyper rookie bangles 250 to a 275 Lazard trell Edmonds 2018 is an awesome design probably the best ones since 2018 Got orange Devonte Adams. There you go Packers 209 of 249 From a golly to reach fountain Calvin Ridley incident packed And a Jamal Adams Jets purple power Number 26 of 49 Naughty DJ Chark. All right. Well awesome box there with a Lamar Jackson. Let's do 2019 NT We've got Vinit's Harry to 75 treasured moments Patriots Ravens Mark Ingram 12 out of 25 Ravens dual Jersey Miles Boykin Justice Hill 43 of 99 printing plate patch Jared Goff one-of-one Nice card Rams Jared Goff one-on-one printing play patch. That'd be a third year, right? 19 30 years Can't believe Jared Goff was drafted in like like eight years ago six years ago Doesn't seem right Jumbo Jersey for the Vikings Xavier Rhodes 69 of 99 Triple Jersey Cowboys Dak Pollard and Amari Cooper to 99 all-player worn We've got a Raiders Rookie auto of Trayvon Mullin jr. 3 of 49 That's disgusting actually do that sick Yo, this one is nasty Raiders Rookie gloves signature Hunter Renfro Three out of ten Check that out there you go Raiders Scott F Filthy glove with the RAI from Raiders. That's awesome. Wow check this out, dude dual auto Patriots Jacoby Myers and Jared stittum 25 out of 49 the dual rookie auto That's pretty neat Jacobi's a beast man. I love Jacoby and Patriots Horizontal rookie material signatures Jared stittum 58 of 99 There you go Or is that the true RPA look from that year? It isn't is it? No, there you go. That was a pretty decent box right there.  I know 2017 iMacs like the headliner I just don't feel right ending with an iMac box for cards anyway Now we still have five authentic helmets. Let's see it. Let's see the Mahomes Let's see the Mahomes Come on come on starting off with a Stefan digs Vikings 18 out of 99 Raiders patch card Amari Cooper 74 of 89 Player worn patch three color rookie cleat Nathan Peter man 13 out of 15 Bills Nathan Peter man should have kept him. That's a cool This is really cool part right here. We got a Super Bowl moments auto Patriots at a Viniti area 15 of 25 awesome hit Patriots redemption Rookie auto Marlin Humphrey Marlin Humphrey Ravens, right? Yeah, it's Ravens. I don't think I'm thinking of Martian Laddimore for some reason Marlin Martian Yeah, Humphrey is Ravens. This is expired by few years. I don't know if they'll have this Ravens. You can try I also don't know if they're accepting expired redemptions. That is Ravens Marlin Humphrey And we got a Davis web RPA for the Giants four out of 99 Davis web Davis, right? 2021 flawless now Mahomes in that one McCaffrey 2021 flawless Got Anquan Bolden patch 12 out of 15 Ravens nice Bolden game worn Anquan. That's a beautiful patch Shoulder number right there Triple Jersey card. We've got Peyton Manning, Joe Montana, Kurt Warner Broncos chiefs Cardinals the second teams of these Hall of Famer's careers Broncos Drew R chiefs random at the end is what Jake says Broncos greats auto Ed McCaffrey five of five Ed McCaffrey Emerald again five of five Raiders auto Darrell La Monica interesting hits in this box Darrell La Monica Star Swatch signatures Vikings Harris and Smith 15 of 20 Vikings on the Star Swatch Harris and Smith It's a nice one Chiefs rookie dual-patch auto Clyde Everett DeLair six of 15 nice card chiefs from 2020 flawless and an on-card Penmanship Auto Cowboys Roger Stalback one of 15 Some crazy autos in this inner Like it's autos you don't see Yeah Six starback. We'll get that one match for you cowboys on-card star back to 15 cowboy goat right there All right encased Diamond gem Browns Nick Chubb two of ten diamond guarantee Hackers emerald gem color match one of three Aaron Rodgers Patriots Laundry tag rookie auto two of three Mack Jones Heck yeah There we go congrats Pat That is gas That'll go nicely with that Jared Sinem RPA And the uh And this is Kobe Myers Jared Sinem dual auto. Yeah, this Jacobi's good Sick card Pats laundry tag Mack Jones Wow, man Good stuff. We have authentic helmets now guys and some random scenery cap And again, I'm not gonna be able to get the first half of this break uploaded it'll upload with the stream But it's the first half will not be uploader the first like I guess two-thirds of it Won't be uploaded because the recording got corrupted or something. I have no idea for that power surge Which I guess kind of makes sense, but that is Incredibly annoying That that is the case Actually, I think this is the recording right here. I'll have to check later. Maybe it'll upload. We'll see I'll get up What about tomorrow? Okay five authentic mystery helmets from fanatics. I'll bring the box over here one by one The seal will be on the in the fanatic seals on the inside. So it's like a box they ship in and Have another fanatics box inside I'll show that I'm gonna mess This one's like turn sideways Got a commander's helmet up first here. Oh, I like that goal Anyone like some uh Some spicy mustard helmet right here. You got a chase young predator inscribed. Look at that Predator inscribed chase young for Washington. It's cool. I like that gold helmet It's Carolina barbecue sauce right there. Look at that.  He's not on this team anymore.  Love those man. Love those alternates three more Defensive a rookie of the year Micah Parsons. Wow nice hit Dallas Micah Parsons potential. I mean he's gonna contend for a Defensive player of the year What a beast awesome helmet for Dallas. I haven't seen that one before I haven't seen the last two before Good to see some new helmets coming There's a crazy helmets in here look at this camo falcons helmet forest camo falcons helmet Maddie ice Matt Ryan There you go falcons that's a really cool one Falcons camo Matt Ryan again the guys these are all authentic helmets last one Division leader Vikings with the Adam feelin black alternate lunar speed Geez what a helmet man God these black matte helmets are so disgusting So awesome helmets in there Not a lot of me a good variety to go Vikings Adam feelin all right, let's do some Randoms and then a recap Jake and I are getting out of y'all and sorry guys about the power going out. Obviously. There's nothing that we can do It just stinks. I'm gonna find the giveaway thing here, too This is So first up we'll go in this order. We'll go top three. You're getting points here a wild card first spot second spot gets 9 50 no 900 and then third spot gets 250 so one two and three and Then we had the triple relic out of flawless. It was Broncos chiefs Cardinals Manning Montana and Warner 15 Player one on those good luck and eight five and three eight times on each again top Three and then top are gonna get the cards here eight times points first there goes One two three four five six seven and eight Daniel P gets the wild card my here be gets the The nine hundred and then the two fifty go to Eric are and then for the triple relic here eight more times one two three four five Six seven and eight. It's one of the chiefs chiefs up top Pre-cap time. There we go. So we had base prism Josh Allen for the bills Relics Charles Woodson Aaron Jones. She's gonna call out player names guys George Pickens Kyle Pitts DK Metcalf Aaron Rodgers Leonard for net Kenneth Walker the third Chris Godwin a Mack Jones Danny Gray blank slate case hit from Origins Aden Hutchinson That's one there Matt Corral Taekwam Thornton Ezekiel Elliott Travis Kelsey Kalin Mond Dak Pollard and Cooper Xavier Rhodes Miles Boykin Justice Hill printing plate patch one of one Jared Gough from 19 NT Got a Mario Cooper for the Raiders there Nathan Peter man for the bills and Antoine Bolden game used for the Ravens That's a cool one all the autos now Pen pal sauce gardener turn of the century David Bell Trey McBride Trent McDuffie John Matchy the third Jared Cook Channing Tyndall Peyton Turner Tori Holt Gerald Riggs Jalen Tolbert Tony Pollard Sam Howell Calvin Austin the third Jaleel Scott Royce Freeman Sam Howell Kway Walker TJ Hawkinson expired admission for the Lions from 2019 contenders That'd be awesome. They still had that for you Lions David Blau is how you say it the Blau Ben Burr Curvin Rodney Anderson Rock you sign Dwayne Haskins rest in peace Dwayne Haskins Really cool card there Marvel tell Deandre Baker DeMarco Murray attended for the Cowboys from 19 contenders Jerome Ford Aiden Hutchinson sizable signatures John Mets you the third Hassan Haskins Wanda Robinson Damian Pierce Got Zamir White Pierre Strong Jr. Desmond Ritter and Trey McBride to 49 RPA Autos a Calvin Austin the third Desmond's Patrick Michael Carter Jersey Auto Joshua Jackson Mike White the rookie auto Jared Stidham Horizontal RPA Jacoby Myers and Jared said I'm dual auto dual rookie auto. That's kind of cool Trayvon Mullen Raiders Expired Marlon Humphrey for the Ravens from 2017 iMac Davis Webb from 2017 iMac minute seary Patriots get a Harrison Smith star swatch The Vikings Clyde Irwin delay a rookie dual patch auto chiefs from 2020 flawless pulled in 2021 flawless Penmanship Daryl Amonica Raiders to five Ed McAfrey to five Broncos And magnets cards we had a snakeskin Josh Palmer Chargers nice card there rookie snakeskin case hit Mac Jones rookie turn of the century out to 99 Patriots green Scope Jets rookie auto Zach Wilson a Quad Jersey capstones Peyton Manning the 15 Broncos Penmanship Roger Stalback one of 15 Cowboys a rookie glove signatures Raiders Hunter Renfro 3 of 10 a Laundry tag RPA from flawless Mac Jones horizontal and from 2018 prism RPA Lamar Jackson Ravens It's a big hits in this mixer 86 of 99 on the Lamar Jackson Thanks again, everybody. Talk to you in a moment So that I'll do it guys. I'm gonna try and upload Real quick. I'm actually gonna try and upload this right now You got more group breaks 10 a.m. Eastern tomorrow with Matt on the baseball channel. He'll probably be live on the Probably be live on the what am I trying to say the main channel as well. Let me one sec I'm gonna try to upload this and see what we got here. Yeah, that'll do it for Jake and I tonight Let's Do what is Caleb pulling over there? He's hooting hollering right now. I think that'll work Okay, I think I think it's gonna work. Yeah, that was pretty crazy Dang Josh, that's nuts. Yeah, I heard him going crazy over there. So yeah, that'll do it guys Both parts of the mixer should be uploading right now I thought at first that the file might be corrupted, but it looks like it's totally fine so should both be uploaded and You know 30 minutes here. So That'll do it tonight guys. Thanks again again Matt Slavitt 10 a.m. Eastern. Here's his break schedule for tomorrow He's got baseball breaks, maybe personals if he has time and then Sam will have personals tomorrow Five p.m. You sure on the main channel have a go on everybody. I guess I'll see you guys Wednesday for prism World Cup release day Y'all take care. Have fun with Matt and save tomorrow