The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Now, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, company live from TFNN. Just after 9 a.m. Eastern time on Friday morning, we come into the opening bell in 24 minutes. And right now you've got markets pretty mixed. Yesterday, S&Ps charge higher for most of the day, starting at about 10.30. We finish right at session highs of above 4,000. We pull back overnight. But as we come into the opening bell, you're inching towards those levels right now. The S&P only negative by four points down 110th percent, trading at 39.97. NASDAQ 100 when they get it by 43 points. Now, next week is the week we get all the big tech stocks, folks. We get Apple and Amazon on Thursday. We got Microsoft and Google on Tuesday ahead of that. We got some tough Snapchat numbers last night. Snapchat down about 30% this morning. Why not? Let's jump over to it right now. You're seeing many companies relying on digital ad spend, and it goes even lower than that, man. So what are you down? You're down $6 right now from where you were initially to $17.10. You're down $6. You're down almost 40% from the spike high. You are down $5.30. Yeah, and that's more than 30%. Talking about 33, 34% Snapchat going to be down. Now, check out Snapchat, folks. It's been a dismal earnings event. Look at that. They did catch a pop in January, but this all started with an earnings event back nine months ago in October.  No, we got down to $4, but you're going to be back down to $11. $11, what do we get to in the depths of COVID? $789, you're going to open in about $11 for Snapchat. They had some pretty dismal earnings as well as Twitter. Also some pretty dismal earnings. It'd be interesting to see how that shakes into the conversation with Mr. Elon Musk. Twitter down only about 70 cents, though, 2% compared to about 34 Snapchat. We jump around to commodities. Bitcoin back near $24,000, $23,705 for Bitcoin right now. Crude, $95.38 gold contract catching a slight bid. Check that acceleration out yesterday. We get a surprise hike to 50 basis points. Somewhat of a surprise. It was almost a 50-50. Whether they were going to go 25 or 50 was what the market was looking for. They go 50. Is that Wednesday? Yesterday? Yes. Yes, I believe so. Yes, it was. And to pull up the URUS dollar for some context, and you can see folks, I don't normally go through the URUS dollar, but in this environment, it's very important. I've been plugging it all week and I'll continue to plug it through the month of July especially. Come on over to the front page, TFNN. Check out the Tiger Forex report by our man, Teddy Kegstad. Through the month of July, you can lock in 25% savings for the life of your subscription. The only time we do this type of sale, folks, is when we kick off any product as an inaugural charter member. You become an inaugural charter member and you can still cancel. So lock in the price. Get it for a month. Look at the action in the euro. You get a spike higher on the news that they go 50 basis points. And just like that, we're basically sitting at 102 right now, right where we were. You did have the euro actually weaker early this morning on that number. We're right back to basically where you were jumping around to the yen. The yen, 136.72 off of the highs of 139 and change. A little bit of, finally, maybe a slight reprieve. That giving gold a little bit of a lift this morning. You got the yen down 64 pennies to 136.70. Keeping in mind though, man, we are just off some relative highs of 139. No real dramatic weakness yet in that yen. But you know what I'm going to do, folks? I'm going to check out the Tiger Forex report on Monday and see what our man Teddy Cakes at has to say about that entire Forex market. All right, back to the short-term timeframe charts. We finished it up with notes and bonds. How about some lower price and higher yield, man? You get the 10-year. Look at this acceleration just from yesterday. Absolutely remarkable in terms of the moves that we have going on in the note and bond market. You are talking about up 25 ticks from the close of the session, but you're talking about up more than two full points to 1922 from 117.45. Pretty remarkable in a big way. And what does that put in terms of bonds? 2.8%, absolutely remarkable that we are back down to 2.8% just that quick in that market. All right, let's jump around to some of the action we have this morning. And where are we? I was going to kick it off with Snapchat numbers, but where did that one go? Okay, I'll have to find that one. We'll pull it up after the break. But nonetheless, let's jump over to Snapchat this morning down to about 11.05. I had that story that I was going to kick it off with. Well, let's jump to Twitter because we're going to cover them as well because this one's going to get a lot of highlights as well. They miss earnings expectations and they're blaming part of the revenue drop-on Elon must take over bid. The whole world's talking about it, folks. Of course, it's going to contribute to their business in some degree, right? Probably where that lies, no one will be sure, but they blame their revenue miss on ad industry headwinds and uncertainty tied to the pending acquisition of the company. They lost 8 cents versus expected earnings of 14 cents. They take in 1.18 billion versus 1.32. Some mammoth miss when you look at the percentage of money. I mean, we're used to companies like Amazon taking in $100 billion, right? That would be like a company that's expected to take in $132 billion and they take in $118 and they miss by $14 billion in the quarter. That's what it would be like almost next week when we get some of the big dogs out there. Monetizable daily active users, probably the most important metric on an ongoing basis growth-wise, $237.8 million just under the $238 that the market was looking for. Revenue slid 1% year over year to 1.18 billion. Representing, yeah, so the revenue decreases and Wall Street was looking for 10.5% growth year over year. They have decreasing revenue right now. I don't know. I mean, maybe this is part of the reason why Elon had buyer's remorse and he doesn't want to buy it. My guess is he's in for a tough case man in Delaware. From everything I keep reading, they're not messing around and just the fact that the judge went to an expedited hearing means that they would agree being the judge that the details of what need to be discussed are somewhat simple. And that's not good for Elon. If the simplicity of the disagreement comes down to something that can be settled in less than a week. We'll see how that plays out, but I would not be touching that one. You're just straight out gambling, man. If you know where that thing's going to end, it could just be fine. I'm not sure it makes sense to force him to buy the company. What would that do, right? As shareholders, do you really want Elon holding that company right now if he doesn't even want to have it? I don't think I would. How does that even play out? But a president has been set and they can force you to buy it. But again, you're supposed to do what's best for the shareholders. And if I was a Twitter shareholder and I am not a Twitter shareholder in any of my accounts, folks, I don't think I would want Elon in charge of that company if he doesn't want to be in charge of that company. $44 billion. You're forcing him to buy it for $44 billion. You put him in there? I don't know. I don't think that's the recipe for success for those shareholders. The market right now continuing to climb. We get the Nasdaq only negative by 28. The S&P is about to go flat. We're back above 4,000 today. And we got the Dow up 114 points right now, $32,122. We jump over to Twitter. Lawn back some of those losses. Twitter shares only negative by about 60 cents. Pretty remarkable. They missed on revenue like that. And they were only negative by 60 cents. Snapchat didn't even give an outlook though. We'll talk about that when we get back. VistaGold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. VistaGold just completed their feasibility study resulting in a 7 million ounce gold reserve. VistaGold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted transaction. VistaGold trades on the NYSE American and TSX under the ticker symbol VGC. VistaGold executing a strategy to create shareholder value. Everything in the universe is governed by the Fibonacci sequence. 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Subscribe to the Fibonacci 24-7 newsletter today. tfnn.com Educating Investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year Award in 2018 and barely missed that mark again in 2019, finishing at number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee. So you have absolutely nothing to worry about. Visit tfnn.com and try Mastering Probability 30 days risk-free today. TFNN Educating Investors TFNN has launched the Tiger's End. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's End. Available to all tigers and tygruses for just $1 for the year. There's no catch or added costs when you join our Community of Traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Welcome back, folks. We get the S&P's barely in the red right now. You're trading right at $4,000 as we commit to Friday trading. NASDAQ barely in the red by about 30 points. The Dow catching a bid. Dow's up $118 right now. $32,125. We jump back to some of the earnings that we have this morning before we jump into Verizon. I did want to talk about Snapchat real quick in terms of their numbers and what they came out with. So Revenue, they slightly beat. Miss, slightly miss Snapchat. $1.11 billion versus $1.14. Global Daily Active Users $347 million versus $344. A loss of two cents versus an expected loss of one cent. Not that far off, right? When you look at just those three metrics alone, they lost a little bit more. They took in a little bit less money. Maybe that resulted in that extra penny of a loss. But they had 3 million Daily Active Users more than the market was looking for at $344. Okay. Revenue so far in the period is approximately flat from a year earlier. Analysts were expecting sales growth of 18% for the third quarter. There's a big part of it, folks, okay? Slowdown happening right now in the quarter we're in. That's a wake up. That's why you're seeing some of these stocks get hit so hard. We are not satisfied with the results we are delivering regardless of the current headwinds. They said they're not blaming it on the current headwinds. I think they're doing a worse job than even the market right now in terms of what you're talking about. And they did not give any guidance. Now they announced a stock repurchase program of up to $500 million. They do have cash to be able to do that with. They revealed a new desktop app shortly after it debuted at Snapchat plus paid subscription. I don't think that's going to be the future of this company, folks. So they peaked at $136 billion in September. Now the company is worth about $20 billion well off those highs. But yeah, I was going to get the phrase that they are not giving any guidance. But nonetheless, yeah, here we go. In its investor letter, Snapchat, it's not providing guidance for the third quarter because for looking visibility, visibility remains incredibly challenging. And that's what they said the revenue was flat. So they get some serious problems going on. The quarter they're in right now and they're going to bring down some of the other companies with them. You jump around to Metta. Metta shares down about $10 on that news from $184 to $173. Twitter, as I mentioned, they had their own numbers but Twitter, still slightly in the red, some of the companies like Pinterest is trading lower. There's your Pinterest reaction, even a company like Roku, digital advertising. You see the drop off last night after the bell in those Snapchat numbers, Roku drops from $97 to $94. Roku, I think they got their numbers next week. What are they coming out? They were also out Thursday. Apple, Amazon, it's a big week next week, among many others. Roku out with their numbers on Thursday. And yeah, Amazon, it's been quite around for Amazon recently. Yes, Thursday, the 28th as well. Apple, the 28th as well. And then as I mentioned, Microsoft, two of the big ones on Tuesday, Microsoft out with their numbers. And Google, yes, the 26th, which is Tuesday. All right, jumping around, what else I pulled up, Verizon, out with their numbers this morning. Cuts the full year forecast. They're trading lower by about 5% this morning after the company released the second quarter report. Cut the full year forecast. In its updated guidance, Verizon said it now expects wireless service revenue to increase 8.5 to 9.5%. That's down from thinking 9 to 10% for the full year. Service and other revenue now expected to be down 1% to flat. Full year adjusted earnings, 510 to 525. The market was looking for 540 to 555.  EBITDA to be down 1%, 1.5% to flat. And they were previous looking for a growth of two to three. That's probably a big one, man. You don't wanna see your EBITDA going down as opposed to a growth forecast of two to 3%. The three months ended June 30th, 33.79 billion. Relatively flat from a year ago. Market was looking for about 33.75. So revenue is pretty much in line. Earnings pretty much in line. The forecast gets a trim. And man, you pay for it with a company like Verizon. There's your drop off from 47.66. You're down about $2 right now on that equity. So just more than 4% right now to 45.75. You had been trading lower already because AT&T had their numbers coming out when early Thursday. Yeah, so you had Verizon down yesterday with AT&T trading down pretty dramatically. That was quite a haul. When you talk about 2050 down to below 19, set 6, 7, 8% pullback, almost a 10% pullback at the lows there of 1824 in the open yesterday for AT&T. They cost some of it back. But AT&T, Verizon, higher cost, lower growth. That's going to hurt their game. And both of those stocks are showing it. And yeah. All right, jumping around, what else? What do we have pulled up? We talked about Twitter. We talked about Verizon. Talk a little bit of Elon Musk, Snapchat. Yeah, this one's worth talking about briefly at least. So Germany, they agreed to bail out energy giant Uniper as Russia squeezes gas supplier. You're talking about $15 billion, man. Germany on Friday agreed to bail out Uniper with a 15 billion euro, which guess what? That's basically 15 billion US dollars because they're almost a parody now. As the embattled energy company becomes the first major casualty of Russia's natural gas squeeze, the bailout package is going to see Germany take a 30% equity stake in the company. Now, initially the company shares rose and then they were trading 21% lower an hour later. It's all going to be in the details, right? What happens to that 30%? Does the government get X control, et cetera? But yeah, you're going to see this happen, man. And I was looking for one phrase in here in particular. Yeah, so Uniper was the first energy company in Germany to sound the alarm over soaring energy bills. It submitted a bailout application to the government support earlier this week month. As the Germany's biggest importer of gas, it's been hit hard by vastly reduced flows via pipelines from Russia, which have sent prices soaring. So they have to deliver the gas, right? You have much less gas coming in from Russia. You have the gas prices spiking. They have to deliver it. So yeah, they have a quote unquote comprehensive stabilization package to provide it with financial relief. One of the things you can't let happen folks is you cannot let the energy companies go PK and then the people have no energy. That's the reason why you need some regulations in certain areas like that. We regulate electric companies and so forth. The front month gas price at the Dutch TTF hub, a European benchmark for natural gas, around 5% higher Friday. Prices were up more than 650% over the last year. And there's Uniper shares year to date as they're getting pummeled right from, you know, that's lots going on over there. All right, let's jump to a little crypto as we got about five minutes to go until the opening bell. My dad was talking about this one yesterday. Is this it? Yes it is. There it is. X Coinbase manager arrested in US crypto insider trading case. Criminal charges follow probe launched in April by the SDNY SEC, also Sue's former employer and two others over conduct. I mean, greed will get you folks and I'm sure these guys and girls thought that they were playing in an area of ambiguity and they thought that they were playing in an area probably that they could have enough secretive nature of their transactions through crypto that they wouldn't get caught. But you're seeing over and over, man. The crypto, if you're doing bad things, there's enough of a history in crypto for the feds or whoever it be to follow your traces as well. Maybe not for the most brilliant out there, you might be able to hide something but it seems like no matter what you're doing, the feds can get those numbers. We'll talk a little bit more about this but this was a Coinbase employee and he was well up the chain there, leaking public information. Stay tuned folks, we'll be right back. 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For more information, just click the Think or Swim banner on the front page of TFNN.com. And just like that, folks, markets are open and we open actually and get above yesterday's closing price level. S&Ps right now, you're up by four points. You get the Dow up 163, American Express trading higher. They're putting a lift into those Dow numbers. I'm sure we'll jump over to American Express with some strong numbers in a moment. Nasdaq 100, barely in the red by 35 points to the Russell. Positive by one. Let's jump over to AXP. Strong numbers indeed, up almost 6% to 150906. You jump to Snapchat. 32.66% is the move that they have down for Snapchat. Watch out on that one, folks. They're a big mess right now. They can't figure out anything going on and they're not going to give you any guidance going forward and they're telling you that this quarter is going to be a bad one. That's not a place for optimism and for a rebound. 32%, though. That's quite a haircut overnight. You jump to Twitter shares. They're only down by 1%. You jump to some of the other social media companies or maybe digital advertising companies. Pinterest makes a lot of money off digital ads. They're down 8.2%. Roku catches a lift. Can't hold Roku down off 2.5% for Roku right now. They were trading below 94 in the open, 94.75%. Roku's got their earnings next week along with many others. Let's see how ARK is doing this morning. It's been quite a week for ARK. They're only down about 9.10%, giving back some of it. Zoom's had quite a lift this week. They give back a little of those numbers. Teladoc jumping through some of the companies that she's heavily into. And how about Tesla? Tesla shares continuing to rise up 2%. We'll call it up. Yeah, it's going to be 2% by the time I finish talking. $831. There it is, 2% for Tesla. Strong numbers for Tesla Wednesday after the bell. Pretty remarkable. You're up $90 since then. Let's jump to Amazon. They've had quite a week continuing that, as it's basically flat at 124.69 for Amazon shares. Okay, American Express real quick. There are numbers coming in. They beat on the top and bottom line. Card members registered record spending driven by a rebound in travel and entertainment, right? Travel and entertainment. Jumped to some of those travel stocks. They had some tougher earnings. Man, American before the bell yesterday. They're catching a little lift today up by about 6.10%. Talks about Carnival. They had a billion dollar stock offering Wednesday after the bell. Pretty remarkable. Norwegian up about 1.2%. Let's jump Delta catching a little bit of a lift up 1.3%. JetBlue's been a mess lately. JetBlue up about 7.10%. We jumped to some of the chip stocks. They've gotten a lot of attention this week. Kind of just hanging out at that price level they were at yesterday. NVIDIA giving back 1.3%. Man, a week ago you were trading at about $155. You're trading at $180 right now for NVIDIA. AMD's up at $90 after entering the week at about $80. Ending last week at about $80. $77.90 was the print last week for AMD shares. See how Taiwan semiconductor is trading with all the talk of our $50 billion chip bailout. Look at these chip stocks, man. There's Taiwan. It was up to $145 earlier this year. You're down to $87. NVIDIA ended last year near $300. You're trading at $187. I remember the talk on NVIDIA, man. NVIDIA in particular, a lot of analysts were out there talking about the multiples on NVIDIA, man. You'd have to go out X amount of years and it was just getting silly at these price levels of $346. And nonetheless, you trade down more than 50% from that price level. And you're sitting right at the $618, which is interesting, right? In terms of where you pull back from the entire COVID run for NVIDIA, from $48 to $346 back to about $178. Jump over to DHI, DH Horton. They had their numbers, I think yesterday, right? Yeah, yesterday morning, some strong numbers. My dad was talking about this on his program as well. He was talking about back in 2006, 2007, that these builders got quite a bounce during the slowing process of the real estate market before things really fell apart. Maybe that's what you get this time as well. Now, taking a look on a longer-term timeframe, right? I'm gonna go all the way back and zoom in on the decline they had. I think this is probably the pop he was talking about here. We had DHI had a double top at about 40. These are 2005 and 2006 highs, right? You come down to 20, you get cut in half. But just like that, man, you got a 50% plus run to the upside from August of 2006 to February of 2007. And then things really just fell apart and you got to $10 by the end of 2007. You did catch another bounce there. And then you got to about $5 under that price level, $379, is that the low? Let's back it out. Let's see what the actual low is. $379 was the low you chopped around and things really started to accelerate in about 2011 when you were trading at about $8. Now, zooming in on this again because I love some Fibonacci numbers. All right, I said to myself, well, what kind of a retracement did you get in some of these home builders? I'm going to zoom in on the 2006, okay? Because in these in particular, if we do get some big bounces, folks, which is definitely possible because the housing market is so weird right now, okay? So at that time, you got about a 50% bounce in DH Horton of the trend lower before things basically ran another A to B CDD. Now look where it went, okay? You were at about a price level of 40 just over that level to about a price level of 20. That's a 20 point A to B leg, okay? And then what happened next? You pop 50%, you got up to 30, and then what happens? It runs CDD, it does a $20 CDD leg, and where does it peg exactly at 10? All right, A to B, CDD, 2005, 2006, the builders, there's your pop by about 50%, okay? Now we're going to look at the current level of this as well, you jump over to Lenar, I already got some charting on this one, okay? Cause I was checking this one out as well. Same thing, Lenar, you got a double top, 2005, beginning of 2006, Lenar has up to about $65. You trade down to 40, and then what happens? It gets all the way back up to above 55 before it goes to five. These were the bounces he was talking about. It's very important to understand how history can repeat folks thing. Cause our man Dave White that says it doesn't repeat it rhymes. There are cycles, pay attention to this. Now this one, where does it go to? It goes right to the 618 folks of the move lower. And this goes well beyond a one to one A to B, CDD, because this one only had, we call it what, 66 to about 40, a 26 point leg, that should have taken you down to about 30, A to B, CDD. So maybe it does a one to 1.618 extension. Nonetheless, Lenar, they get punished in a big way but you can see so pay attention to these housing stocks, man. My dad was talking about it. He's making some great points. When I went back and I looked at the bounces, just these two stocks had during the housing crisis and I was not in housing at that time folks. I was renting. I was 25 years old at a time. You think you're missing out, right? You're renting.  But I didn't miss out on much because, you know, I was coming into that as an area of 2005 or so and ended up buying a place in about 2011, 2012. Very fortunate how things ended up coming down where the market was at that time, especially being in Florida helped by some wind at my back in a state where people are moving to, especially during the pandemic. But keep that in mind and I love the fact that they went to some Fibonacci levels folks. So 50%, the 618, the 382, the 50 and the 618, that's the meat of it. Maybe you just scale into trades during that area from the 382 to the 618. You get above that level. Maybe you think you're wrong, right? It turns around slightly before you get to the 618. At least you have some skin in the action. But when we get back, we're going to take a look at some of these bounces because this is what I already started charting. Okay, so Lenar, you got a 382 bounce going on already from the pullback that it had from 117 to 65. The 50% said 90, the 618 said 96. Let's take a look at DH Horton. We get back to some other stocks as well. Stay tuned folks. 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 Keckstat 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, dollar 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 to the Tiger Forex report will receive 25% off the monthly subscription for as long as they're subscribed. Just use promo code Teddy25 to lock in the added savings. This offer is good only for the month of July so do not miss your opportunity to save on the Tiger Forex report. TFNN, educating investors. The technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. David White's investment newsletter with the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future. David White has made his living staying on the cutting edge of technology. His weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices, target prices and stops to set for each trade. Dave delivers his weekly newsletters every Friday with updates throughout the week. You can get the technology insider at tfnn.com for only $37.50. Sign up for David'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. Will the S&P 500 continue to climb? For bold trades on U.S. large-cap stocks in either direction, trade SPXL, SPUU or SPXS. Directions daily, S&P 500, bull and bear, leveraged ETFs. Direction leveraged ETFs. An investor should carefully consider a fund's investment objective, risks, charges and expenses before investing. A fund's prospectus and summary prospectus contain this and other information about direction shares. To obtain a fund's prospectus and summary prospectus, call<PHONE_NUMBER> or visit Direction Investments.com. A fund's prospectus and summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principle. 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. Welcome back, folks. We've got markets catching a little bit of a lift. The Dow up 142 right now, NASDAQ 100, barely in the red, but only by about 11 points in the S&Ps. We're at 4,009 right now. In the S&Ps, you're trading up by seven points. That's about two-tenths percent. Jumping back to the home builders. So, we're talking about the type of bounce that we got back in the 2005, 2006, and the bounces that we're getting right now. Now, you take a look at DH Horton, okay? Now, I'm going to take this Fibonacci off here because that's one that relates all the way back. This is the one we're talking about. You almost have a double top here. Pretty close, right? You saw the double tops that we had in 2005, 2006 as well. You get one top in May of 2021. You get a top just above that price level towards the end of that year, seven months later at 110.  We're coming right into the 382 of DH Horton, okay? We are coming right into, let me back this off as well, the 382 of Lenard. Lenard had almost a triple top. You make 110.  Now, we got bounces that were 50% and even 618 back in 2005, 2006. So, if you're looking for a short for some of these home builders, I mean, we're in the meat of it right here that these stocks are getting into the 382 of the bounce, right? You got an area that I look for a short on Lenard right where we are right now up to about $96.60. You trade higher than that. Maybe you're going and that's going to be your double top up to 117. Maybe we haven't double topped yet if you got above the 618. And DH Horton, you can do this with others as well, folks. This is just the ones I was looking at really because DH Horton had their numbers this week and my dad on his show was talking about the top and the bounce that these things had before the wheels really fell off in 2006. This is not the same housing market, okay? But boy, we got some headwinds, man. When you talk about housing prices that are elevated probably deserve to pull back a little bit. I mean, as a homeowner, folks, I'd be elated even in Florida with where prices are right now if they just held steady for a couple of years before going up, right? Even if inflation's raising, if you just hold where they are, my house went up like 30% last year after going up some X amount percentage the year before, right? The rises, you have $400,000 houses going to $700,000 in like two or three years in Florida. It's a staggering level of wealth accumulation. When you think about it as well, let's say a $400,000 house, right? What do you put down? Even if you put down 20%, which a lot of people don't these days, okay? And you don't have to. Let's just say you put down 20% and you put down 80 grand. That $400,000 house in one year goes up $120,000. You've made back your entire down payment plus 50% on that number, right? Yeah, and I don't know if I see them dropping in half, Duffy. I don't see them probably dropping in half. I don't. You know, if you live in a house right now, what are you gonna do, right? Number one, I don't wanna sell because I got a 3.5% mortgage locked in, something like that, okay? I'm just ballparking people, right? People are not gonna wanna sell mortgages that are at 3%. You know, we get up to 8% interest rates. That's gonna put a hampering on this market. We would just add 6.3 for the 30-year mortgage to put things in context and the market's still functioning. We would just add a 6.3% mortgage for a weekly basis. Market pretty much didn't skip a beat. Yes, you could say it skipped a beat, okay? But in the context of that high of an interest rate, we have rental prices soaring at record rates. Rental prices soaring at records. That is gonna contribute in dramatic fashion. There are so many different variables that were not a part of 2006, 2007. I can definitely see a pullback because as I said, I'd be elated. I think many people would with the rise that you've had in that equity. Nobody could buy. Well, if rental prices are skyrocketing, man, that's gonna matter and it's gonna allow investors to buy. Maybe you don't need to push out that 30-year mortgage. Rates are gonna matter. Rates matter to investors, of course. They're financing those moves. But you got a big problem with rents, man. And that is gonna be a huge impact. And think about this, too. Rents, as long as rents are going up, okay? And if no one's buying a house, where are they gonna live? They have to rent, okay? So if the housing market gets that bad, where are all these people gonna live? Because they don't have houses, right? Well, the shelter cost of the CPI is one-third of the CPI, shelter cost. Interest rates can't start coming down until the CPI comes down. And while interest rates are going up, that could cause rental prices to stay high because nobody wants to buy a house which would then keep CPI high, which would in turn keep pressure on the Fed to keep rates high. It's quite a cycle, man. We're gonna see how it plays out. Nonetheless, home builders, positive today. There's an acceleration on D.H. Horton on the open following yesterday's acceleration. You're up $10 just from where you were yesterday. That doesn't sound like a housing market falling apart, man. When you got D.H. Horton trained up from $69 yesterday to $79 today, you jump over to the Lenard. They go from 78 to 85, basically on the D.H. Horton numbers from yesterday, probably. Not sure what's happening today in terms of the lift you're getting. Let's jump around to some of the stocks to have their numbers. Yeah, Snapchat, Max Payne, man, even more. Down 35%. As I said, there is no hope for this company today or tomorrow, folks. They are in big trouble this quarter. Okay, you wanna try and find a low on that company? You could definitely make a case for it. It's happened before this thing got down to five bucks before it ran up to 83, right? Got down to 482 for a while before the run really started. But they're losing a lot of money. I mean, at some point, they got 350 million eyeballs. It would make sense that that company is worth something with 350 million eyeballs. But not right now. I would not be stepping in the way of that company at all. Twitter, basically flat. After some pretty dismal numbers for Twitter at $39.53. You jump over to Amazon. They're slightly in the green today, up by a quarter percent. Let's see how some of those stocks that were trading lower Pinterest down 8.1%, we'll call it Metta. Down 4.9%. When does Facebook come out with their numbers? Are they next week as well? Oh, they're Wednesday. Okay. So we get, what, Microsoft and Google on Tuesday, Facebook Wednesday, Apple, Amazon Thursday, many others. Roku on Thursday, I think as well. They'll be out with their numbers. Metta on Wednesday of next week. All the big tech stocks, man. S&P up by five. Dow up 82. Let's see how American Express. Maybe they pulled back a little bit. American Express, well, decent numbers up about 5%. Visa shares, they're flat at 2.16.16. All right, let's see what else I had pulled up here in terms of equities that are moving. We had Verizon, let's check Verizon because they had their numbers as well. Verizon was lower. They're down about 5.3%. Tough numbers for Verizon out there. Mattel, they had their numbers. They were lower pre-market. Better than expected quarterly performance, strong sales of movie-themed toys. However, sales of its American Girl brand slid nearly 20% for the quarter. Not familiar with that brand. Nonetheless, Mattel, off about 1.7%. Seagate was higher, man. No, lower, excuse me. 12% in the pre-market. Mist on both the top and bottom lines. Weaker than expected forecast. Demand waves for product like personal computers. Ouch. It seems like if you wanted a personal computer, you probably stocked up during the pandemic at some point, right? They catch a lift though. Not as bad as the market may be feared. Down 6.6% for that company. S&Ps catching a lift, man. You're at 4,011. Really interesting to see how today goes, folks. I mean, look at this pop we got going right now. We're above 4,000. You were as low as $36.39. We're approaching 400 points above that price level. What's that, a 10, 11% pop in the S&Ps? But guess what? Next week's the main event, man. How are we going to do when we come into those big earnings events? We're going to find out. Stay tuned, folks. One more segment of the show. We'll be right back. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. 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For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the Opening Call Newsletter at TFNN.com. The Opening Call Newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. 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 got a little bit of volatility in both directions to kick things off. Market straight higher in the open and then boom just like that. You give it up pretty quickly. S&Ps right now, you just give up 16 points like nothing, man. You're trading at 4,004, still positive by two points. NASDAQ 100. You're barely in the red by 21 right now. You get the Dow positive by 79. Health by American Express, up 5% from American Express right now to 157.64. And you have the Russell getting hit right now. Russell down by 13. That's 7 tenths percent. Bitcoin up by 400 bucks. Crude sitting at 96.59. And please folks head on over to the front page of TFNN. You can check out the Tiger Forex report. It's a great time to sign up for it on the weekend. Teddy's got a new report that comes out every Monday. Use code Teddy25 and you can lock in 25% savings on the monthly subscription for as long as you subscribe. That takes you from 97 bucks down to 72.75 and it still comes with a 30-day money-back guarantee. And let's jump to some of the markets that Teddy covers because they're driving a lot of this action. Man, interesting that we get an acceleration and get some euro strength right now. You had the euro jump higher on that 50 basis point surprise yesterday. You go all the way back down to 104 and just like that, we're actually now above where we were on that price level. And look at the move that we're getting, man. When you look at notes and bonds, it's not stopping right now, okay? You got the 10-year at 120. 120, we're at 117.14 yesterday. That is a move, folks. The 10-year yield, 2.75%, okay? We were at 3.5%. We're back to where we were three and a half months ago on the yield, just like that. That might help this market, folks, as you see a decrease in yield to the tune of, I mean, I got 15 basis points right now just from yesterday's action. This note and bond market, it is driving huge action, man. The 30-year, 2.11 ticks, remarkable. All right, folks, stay tuned. We'll be coming back. We have live programming. I appreciate you starting your Friday off with me. Basil out this week, but he will be back on Monday. We got a replay coming up after that. We got some live shows, folks. Stay tuned. Have a great Friday. Thanks for starting your day off. It's going to be an interesting one. Markets slipping into the red as I end the program. S&P is negative by six. Watch that note and bond market. 2.74%


The crypto plummeted like every other asset, and to me, that destroys the narrative. So what value does Bitcoin have, if not as a safe haven? I do think that our interconnectedness, while it certainly spreads the virus quickly, and accelerates it, it also accelerates the response. Hi everyone, my name is Giovanni. These days, the future looks more uncertain than ever for the crypto industry and the world as a whole. Today on our show, we have a guest who can give us some perspectives of things to come. Futurist and author Daniel Jeffries. In a recent tweet, you said that the COVID-19 pandemic is a threat to the existence of crypto. You also said it is an opportunity for it to forge itself into a living weapon we need to overturn the debt bubble monster world we live in now. Can you explain what you mean by that? So if society is under a severe economic strain, which tends to lead to authoritarianism, it tends to lead to famine, it tends to lead to war, then you start to see central powers come to pass. If they begin to put in capital controls, for instance, and people try to use cryptocurrencies to evade those capital controls, governments will swiftly move to destroy all centralized exchanges and local Bitcoin operations, then how much is your crypto worth? It's worth nothing because you're not going to take a hundred thousand dollars or a hundred thousand euros down in a bag to your local Bitcoin slash drug dealer in order to exchange money. So there's a systemic weakness in crypto that I think gives people a false sense of confidence that they can't cut off the head of the snake because it's decentralized. And then people say, well, it would need to be a worldwide effort. No, it wouldn't. If you live in Spain and all the exchanges are cut off in Spain and 99.99% of your wealth is wrapped up in the financial system there, which is 99.9% of the entire world, then good luck getting your money out. If the United States cuts it off, if Russia cuts it off, good luck getting your money out of there. And so it does not need to be a global effort. And it's also, it is not developed into a parallel economic operating system where the money is distributed directly to applications and people that bypasses the fiat system. So it is systemically incredibly weak if society is facing all kinds of threats. And so I don't believe that crypto itself, it's not a bullish scenario for crypto if the worldwide economy is crashing and we enter a severe recession or a great depression. It's something that's on the radar of governments and they will come after it with impunity. OK. And you also said that this can be also an opportunity for crypto to become like a living weapon against this bubble monster world we live in. What do you mean exactly by bubble monster world? Well, so I mean, we have trillions and trillions and trillions and dollars of derivatives and debt that keeps accelerating. The United States has passed a $2 trillion stimulus bill and had already seen a traumatic acceleration in debt. We've seen debts that are skyrocketing across the world. Some economists believe that debts don't matter in the least. I think that that is probably true to some degree. In other words, that that governments are able to issue much more debt than I think the average Austrian economist thinks. However, there does come a tipping point where governments can certainly collapse. So in the crisis, it forces people to think faster and to do things that they might have been putting off. Right. So crypto will be no different in terms of responding to the crisis. Suddenly they might the cryptocurrency communities might get the idea that they need to actually build an entire ecosystem of goods and services, not just money that reflects the philosophy and say, good luck finding a place to spend it. You need to build goods and services. You need to build an entire ecosystem where merchants want to come in and build services within that currency itself, digital goods, real goods and services. And I think you've all Harari said that this is accelerating progress in some respects. So his university, for instance, had debated for 20 years whether to put some courses online and then they got it done in a single week. So this is the type of thing that puts incredible pressure on every type of community and the crypto community will be no different, especially if they come under pressure from governments, they will be forced to adapt and they will be forced to develop complete new ecosystems that distribute money beyond the fiat system. And I think that's where a lot of innovation can come very quickly. But until they start to feel the pressure, I don't see that innovation happening just yet. In another tweet, you also said that crypto, as you know, is that it will need to evolve to survive. What do you mean by that? I mean, again, it's strategically vulnerable. Again, if I always look at how to destroy a system in order to figure out ways to make it stronger. And when I look at something like a proof of work system, it does not take a genius to go for a country to go in there with guns and seize every major mine and take control of the situation.  OK, it is not it is not anonymous. And all I need to do is send in armed soldiers with guns to steal your mining operation. Second, if I cut off the head of the snake with centralized exchanges, how are people going to get their money out of that system? So in my mind, the system is still very much an early alpha technology. It's we're starting to see we're starting to see advancements in scale. We're starting to see advancements and in ways to do decentralized consensus. But we still haven't seen a complete ecosystem. Perhaps the closest thing, ironically, was Facebook's attempt at it. And you saw how quickly governments reacted to that. They were the first ones to try to build a multi coin solution, a solution that would have programmable digital assets that would have multiple people with skin in the game. A governance system that allows them to vote and be punished if they do bad things, a greater scale, a systems of good and services that could potentially be sold there. A built in audience that they could distribute money to either through a gamification directly to applications or just by distributing it. And they had a system for bringing capital in and out of the system in a unique way, plus capturing interest and wealth for the people who created it. So they had created a complete ecosystem. And I and I challenge every every every crypto community that's looking at it to think more comprehensively to look at what Facebook did and to learn that if you want to build something that's incredibly successful, you have to think about it at a macro scale. You have to think about buyers and sellers. You have to think about the average user. You have to think about a protocol that would allow people to automatically reset their password without it needing to be centralized. You would need to think about ease of use. You would need to think about alternative distribution mechanisms and scale. It's not enough to solve just one of these problems. You have to solve all of them in order to build a robust community. So I challenge every community out there to look at it in a bigger, bigger, bigger picture. The narrative of Bitcoin being a safe heaven and uncorrelated asset was disproved when the market crashed together with traditional markets earlier in March. Do you still believe that Bitcoin can become a hedge against the traditional financial system? Again, it depends on which of the scenarios we're talking about. If we're talking about the more mild scenarios, then yes, it can start to become a bullish asset alongside gold and funds that are able to trade long and short in the marketplace as well as biotechnology and other assets that potentially could weather the storm. In a more mid-range to darker scenario, I think the answer is clearly no. I think the asset crashed along with everything else. And I think the things that I pointed out earlier, which is the weakness of its ability to be resistant in a very dark scenario to people even getting their money in and out of it, makes it a speculative asset. And it's still a speculative technology. It's still an early technology. People shouldn't be surprised by this. People are clinging to the belief, despite the fact that reality has shown that it wasn't the case. And I tweeted earlier today that when you have a belief system and it comes up against reality, reality has an undefeated record. And when you come up against the market and you have a desire to make money from the market and you have a belief or an inclination about which direction the market is going to go, and one of those things is and it proves to be incorrect, the market is not incorrect. You were incorrect. It's as simple as that. You either made money or you did not. It's a very binary game. And the fact is that crypto plummeted like every other asset. And to me, that destroys the narrative. Some people hold on to that narrative anyway because they believe that without that narrative, crypto has no value. That's not true. Just because I now have adjusted my viewpoint that it's not proving to be a safe haven doesn't mean that the technology is not valuable or won't continue to evolve or potentially be incredibly wonderful and disruptive for society. But you don't need that to be true. So what value does Bitcoin have if not as a safe haven or a hedge against the traditional financial system according to you? It has a proof of concept technology then for other crypto technologies. In other words, like the blockchain itself and the idea of the proof of work and the idea that you could build a decentralized consensus system without a centralized power behind it and that you could make that system work over a significant period of time are the abstract solutions that still make it incredibly valuable. In terms of Bitcoin itself in a dark scenario, being particularly valuable, I don't see how that's the case. If you can't get money easily into it and out of it, and mines are easily sizable. And so I think people need to abstract the general solution from the thing itself and not be sad about that. Bitcoin has already proven a remarkable technology, a remarkable solution to many different problems. And it's lasted a very long time all with in respect to many things. It hasn't been broken into or hacked or destroyed. And by all intents and purposes, it probably should have because a number of forces have been trying to crack that thing since Satoshi released it and it's proven very resilient. So I think it's a remarkable technology regardless. But whether Bitcoin in itself, and I've said this for years anyway, in my predictions about cryptocurrency in the next 20 years, I said that Bitcoin had a 50-50 shot. I love Bitcoin. I still think it's one of the best assets, certainly in a mild to mid-range scenario of the current apocalypse. But in a dark scenario, I think the fact that it dies is very strong and it has to evolve into something else. When you talk about this dark scenario, you mean that the governments are the potential threat to Bitcoin, right? No, they certainly would be the threat to Bitcoin, but that would actually be the least of our problems in a dark scenario. A dark scenario is that we're living in a redo of the 1930s at an accelerated pace and that a systemic failure. In other words, all of the governments have issued these massive stimulus bills, they've cut rates to zero, they've essentially fired all of their weapons at once. And if this thing goes on for months or six months or a year or two years, then we're going to see huge amounts of business collapses. We're going to see cascading mortgage failures. We're going to see a lot of people unemployed, very angry, and that gives rise to authoritarianism, it gives rise to famine, it gives rise to war. So Bitcoin and the virus will be the least of our problems. They will be a distant memory and the government's threat to Bitcoin will be the least of our problems in that kind of scenario. We're all kind of worried about millions of people suffering in a kind of global catastrophe. So again, I don't like these kind of dark speculations. I think people seem to be feeding on this fear, they seem to look at these exponential curves and say, look, I've calculated an exponential curve, this thing goes up indefinitely. And that's just not true. When an exponential curve goes up against chaos, which is gazillions of variables that are impossible to calculate, even if you stack together all the world's supercomputers, you would quickly run out of power in minutes. It means that nothing worked. No vaccines, no interventions, no quarantine, nobody working on repurposing drugs, artificial intelligence, tracking, social distancing, intelligence spreading. None of those things interrupted that curve. None of those things had a variable effect. So again, I'm still very hopeful that we are not speeding down this path. But I think it has to be acknowledged that this is a very real potential path, perhaps for the first time since the 1930s, and definitely for the first time within my lifetime. It is something that is creating legitimate fear and should be taken seriously. But let's move to a more mild scenario where, for example, we saw the Fed and several other central banks in the world trying to adopt emergency measures to support their economies. And these measures are mostly about a flow of cash, like injections of cash into the economy, cut of interest rates. And many people in the industry are speculating on the fact that these measures could eventually lead Bitcoin to prevail in terms of an asset which has an determined amount and that can be deflationary compared to fiat. What do you think are the chances that this scenario is going to manifest? Well, I think we're seeing a true life economic experiment happening right before our very eyes. And I guess that we are going to find out. I tend to take a more balanced view of economics. I do not fall on the side of all inflationary currencies are bad and all deflationary currencies are good. I think every asset that exists in the world exists for a specific purpose. Speculative assets exist for a purpose, equities, bonds exist for a purpose, derivatives, long and short trading, cryptocurrency assets, deflationary, inflationary assets, both of them serve different reasons. Deflationary assets certainly reward savers. Whereas inflationary assets keep the economy moving quicker and encourage spending. Both I think are quite valuable when they're kept in balance. And I don't think that this concept that we only need one type of asset is realistic anymore. I think the world is just too complex. I think we need all kinds of assets and let thousands of different assets compete. In real time, we now have the chance to look at data for real. It's not just analog statistics calculated in a physical ledger. These are real-time statistics that we're going to see play out in reality. I think what people are referring to is their own hope that their particular darling asset will be the dominant one. And that's nice and good. But again, that's a story that's going to come up against the harsh light of reality very quickly. What I see generally when I look at economics is that when any of these assets get way too far out of proportion, in other words, when we inject too much inflation into a system, we inject too much cash into a system, there is a chance that it runs away. Just as you can also see a deflationary spiral when we saw in the 1970s, for instance, in the United States, where nobody was spending any money and why would you, you might as well keep saving it because money is going up in value and assets are. So I think that in either scenario, each type of money can create unintended side effects. And there is a possibility that with injecting so much money that it could create a problem. I don't think it will in the short term, though. I actually think that governments have a lot more leeway in terms of debt issuance than most people in the cryptocurrency community would like to believe. Short-term price control, short-term liquidity boost do tend to work. We've been working on a debt system for 50 years, whether we like it or not. And people have been calling the sky to fall for all of that time. I guess one of these days they're going to be right. And then I guess a blind squirrel finds a nut every once in a while and a stopped clock has the right time twice a day. But I don't know that anybody gets any credit for that.  So I do think that we can withstand this early issuance. But if governments keep have to issuing money and stimulus, then I think we're in serious, serious trouble. And I think that the crypto community will be correct. People will potentially look to deflationary assets as a hedge against that. It's a pendulum that swings back and forth. And if one is swung too far in the other direction, it'll be necessary. COVID-19 exposed the fragility of the world we live in. Our governments are struggling to cope with this crisis. People are dying and the global economy is heading towards recession. Still, in a recent article titled Coronavirus, A Reason for Hope, you described how humanity has never been so well prepared as now to face a global pandemic like COVID-19. Can you point out what are the most valuable tools at our disposal which make us prepared for this? So mass communication technology definitely allows us to disseminate information fast and it allows us to understand the types of procedures and steps that people need to take to protect themselves. If you're living in the Dark Ages, the virus crosses borders whether you close them or not. Even we don't have planes and cars back in the Dark Ages, but the virus still crossed the borders. And you had no way to get out reliable information to people. So people basically just speculated in the dark. Now we're able to disseminate information very quickly and people are able to rapidly consume that information and understand what they need to do. We're also seeing open science and that is the science where researchers publish their results as quickly as possible and share them as broadly as possible. So we saw the genome, for instance, sequenced of SARS-CoV-2 aka the virus that causes COVID-19 be disseminated very quickly out of China. We're also seeing artificial intelligence crank through different types of drugs that are already approved. So this is one path for pharmaceutical and biotechnology where you can look at drugs that are already pursued for other things to find out whether they have efficacy against a new type of pathogen. And sometimes that takes years with current methodologies whereas artificial intelligence is already starting to speed up possible candidates much faster. And we're already seeing certain drugs be identified potentially and doctors since they're already essentially facing an invisible war on the front lines are deploying those in real time. We're seeing the doctors on the front lines consume the same level of information about which drugs have the potential and they're going to test them in the absence of any other solutions rather than just allow their patients to die. So we're not going to have to wait for many trials, certainly for a vaccine we will. And I expect to see an exponential speed up there. But for existing drugs we're not going to have to wait. The doctors are already testing them on the front lines. And so that's an exciting procedure as well. We're also seeing the ability to rapidly deploy engineers and to build facilities. We're starting to see makers come to mark to talk about how to build masks. I read an article on 3M having surge capabilities that they had already prepared for after the bird flew and they're able to ramp up production very quickly and they saw it within the supply chains. They already started to see the crunches within the supply chain well before everyone else started to be alerted to it and they started to ramp up production of the Cadillac of N95 masks, the respirator masks that everybody needs to get their hands on. So I think that there's a number of things that we've looked at people's hyper interconnectedness and the interconnectedness of the global supply chain and said it's super fragile. It certainly is fragile, but it also has some incredible advantages. And I also don't believe that we can just go back to building everything in our own backyards. That's a nice fantasy, but it's just not true. But most parts of the supply chain, if you want to build a battery factory, a lithium ion battery factory, you can hire all the workers and build the factory and buy all the equipment. But if you don't have lithium in your own backyard, which you don't because it's primarily comes from Chile, Argentina and Bolivia, then you are not making batteries. If you want to build a smartphone, Apple gets ingredients from 43 different countries. So you don't magically have those growing in your own forests or your own mines. Most of the drugs that are made in the world come from 80% of the active pharmaceutical ingredients come from China and India. You don't think that the interconnectedness of our world in this case is a problem. You actually think it's an advantage? I think it's an advantage. Look, people tend to think that if we slowed down and went ultra-nationalist and closed off everything and that people have the delusion that suddenly we'd stop the spread of the virus and have shiny, happy people making everything at home. But again, remember the Black Death? The Black Death wiped out a huge chunk of humanity and set it into a near-collapse for, I think 100 years, if I'm correct. And there were no fast ships. There was no hyper-interconnectedness. There were, it wasn't easy to cross borders. It was incredibly painstaking to do so. And yet the virus and the pathogen essentially swept across the planet and that's happened on multiple occasions. So it's a false sense of hope that we can actually just go back to non-interconnectedness as a solution. And I do think that our interconnectedness while it certainly spreads the virus quickly and accelerates it, it also accelerates the response and our ability to coordinate information at a global scale in a way that has never happened in the past. It couldn't have even happened, I think, 20 years ago without the communications technology that we have now. What do you think is the utility of blockchain in a crisis like this? Do you think that blockchain can actually help the world somehow to face the threat of COVID-19? Sure, so one of the ways that I've been looking at in an article I'm writing now about potential radical or interesting solutions is medical reform, okay? So one of the reasons that medical reform is so expensive and medical procedures so expensive is because doctors are forced and nurses are forced to hide information. They're not able to learn from mistakes. And the book Black Box Thinking talks a lot about this. So they talk about the airline industry and contrast it to the medical industry. And after a series of crashes in the 60s, the airline industry implemented a series of incentives that encouraged pilots and everyone else to file anonymous reports and be transparent. And if they're transparent, then nothing can be used against them in a court of law if they file a mistaken report within 10 days or when there's a crash, the Black Box team comes in and they look at everything and nothing can be used in a court of law if people are forthcoming.  And then they look to build safety procedures that everyone has to adopt. And so as a result, the airline industry has one of the greatest safety records in the history of mankind. By contrast, doctors can be sued for the slightest mistake. And so they're encouraged basically by that negative incentive to be vague in their reports to not share information, to create a hierarchy of secrecy, to say that things were a one-off when people died. And so they're not able to spot mistakes quickly and learn from those mistakes because of the negative financial incentive. And so I think that if we had a blockchain technology, if we had a large disseminated technology and laws to back it, that essentially gave them immunity for telling the truth within a short period of time after every mistake, allowed them to use something like a ZK Snarks technology to file reports anonymously and aggregate those reports to anonymize that data, it allows us to react in real time. I think that the blockchain technology, particularly a lot of the anonymization technologies that are available, can allow us to disseminate the information and allow people to report on these things. And if we pass the correct laws, we could dramatically reform the medical industry to support openness and learning from mistakes, which I think accelerates open science and accelerates our ability to deal with pandemics and other problems in real time. The world is changing because of COVID-19, whether we want it or not. What will the new world look like and what role Bitcoin and cryptocurrency will have in it, according to you? COVID leads to a large scale recession or depression. Then we'd start to see things like capital controls go into place, we would start to see people not be able to take their money out of the bank. We've already seen the United States move to introduce a digital dollar and then strip it out of the bill. We know China is already basically beta testing the digital dollars that they've made and they've already moved towards killing off exchanges. We've seen Australia restrict tens of thousands or $10,000 above transactions. We saw India try to phase out cash almost overnight and have to backtrack. So governments are going to want to have firmer control if there is a serious crisis. If they put capital controls into place or they feel like inflation is running rampant, they're going to want to have centralized control over those things. And they will introduce digital versions of technology because that will give them stronger digital control of everybody's life. So it'll put a panopticoin in everyone's pocket as a result of the crisis and it will accelerate the speed at which governments do this. And so in my mind, that's going to be the fastest route to eliminating cash. And in the event that you eliminate cash, it certainly creates a lot of different pressures on society, specifically societies that are primarily cash-based at this point will suffer tremendously. And also just simply the ability to disagree with the government is part of a healthy functioning society. And we don't need someone to continuously track every single transaction that you made so that they can build a psychological profile of you or just geographically turn off the money to starve out something that they don't like in a political response. All these types of things are going to be a cyberpunk nightmare that will soon be everyone's reality. And so I am still hopeful that decentralized cryptocurrencies specifically anonymized decentralized cryptocurrencies provide a bulk work against those types of disastrous scenarios which are coming quicker than people imagine in this scenario. They will be accelerated in this scenario potentially. Thank you, Dan. That was very cool and interesting. Thanks for having me on, always fun. And you guys don't forget to subscribe to our channel for more exclusive content. Cointelegraph, like, subscribe and hodl.


Be an offensive rebounding to Winston. How about this kid? He does rises to the occasion. He's going to turn down any shots And then how about Bruno Fernando of Merckley Winston Winston To the whole the floater goes down. He's got a lot of tricky stuff Cassius Winston Cash is Winston at 7 at half-dust well when it comes to point blank range shots. Let's see What adjustments? Marilyn makes and there's and uses the body there that right shoulder


The hacker here is playing Gideon. Uh, seems to be named FlickTTV. I don't know like his name flickers throughout the match. You'll see We get the notification that he has left the battlefield and I confirmed it.  Maybe this flick guy got his account hacked and By this gotcha, dude, I don't know. Maybe flick is perfectly innocent have no idea And then at 604 prime guardian just suddenly spawns in mid lane and pushes all the way to their tower and kills it. So


Greetings! This is O513. If you are watching this briefing, you have been tasked with learning about SCP-001-J. Let's begin! Item number SCP-001-J Object Class YOVE Special Containment Procedures SCP-001-J is under no circumstances to be allowed access to monetary gifts of any kind. Staff must relinquish all currency on their person before engaging in any interaction with SCP-001-J. The containment of SCP-001-J does not appear at this time to be attainable by the Foundation. However, due to SCP-001-J's apparent apprehension involving creditors, it may be possible to affect containment through such entities. More research is needed in this field. Description SCP-001-J is an omniscient, omnipotent, omnitemporal entity named Michael Cain, who is the primary deity worshipped by a group of religious zealots calling themselves the Church of the Broke God. SCP-001-J wields great and terrible cosmic power, while possessing a distinct and crippling lack of adequate financial planning skills. SCP-001-J requires a significant influx of cash money in order to pay, in his own words, the water bill, child support payments, bread, and some of those little hot dogs because protein is a must if you're just barely making ends meet. However, any amount of money given to SCP-001-J by any individual and for any reason will somehow mysteriously disappear, despite SCP-001-J's insistence that it was not spent on booze, cigarettes, and porno mags. Discovery SCP-001-J was discovered by 051 on a business trip to New York during an event later described by SCP-001-J as, that time you totally contained me. Where 051 stopped SCP-001-J from stealing a bagel by shouting, hey, don't steal that bagel. Ever since 051 offered to pay for SCP-001-J's bagel and gave him a few bucks for a cab, SCP-001-J has left no fewer than 17,000 voicemails on 051's phone. Typically asking for money or, in some cases, talking at length about unrelated events before eventually asking for money. Addendum 001-J-1 Recorded voicemails The following voicemails were received by 051's office between April 20, 2017 and May 1, 2017. Notably, both the Global Occult Coalition and the Serpent's Hand also confirmed that SCP-001-J had called them asking for money during this time. While the Chaos Insurgency reported that SCP-001-J had called them, but only burped into the phone for 15 seconds and hung up. Voicemail 1 Hello? You've reached the office of 051. Please leave your name and your number and I'll get back to you as soon as I can. Hey, Adam. It's me, Mike. Mike Kane, you know, from that one time he met when you contained me?  Got a whole congregation together and everything. So, that's great. Well, I'm here. I was going to ask you something. See, I'm really trying to put things back on track, you know? Get life moving in a positive direction.  I know you probably got your own stuff going on, but, uh, you could spare, like, a short-term loan of, like, $200. That'd be super, you know? You know I'm good for it. Absolutely good for it. Anyway, just give me a call back when you get a chance. Thanks again, buddy. Voicemail 2 Hello? You've reached the office of 051. Please leave your name and your number and I'll get back to you as soon as I can. Adam, my man, what's happening? I haven't heard back from you yet, but I definitely still try to string together a few pennies, you know, pay off some bills, get that sort of thing taken care of. Really though, $200 might be a stretch, right? Because we really only met that one time, and I know this seems pretty foreign. I get that. I do. I think it really... if I could come over, like, $100, I would really get myself, you know, one foot and the other, you know? I'm trying to make a change. I know you get me. Thanks again, my man. Voicemail 3 Hello? You've reached the office of 051. Please leave your name and your number and I'll get back to you as soon as I can.  He doesn't know anything about me, Adam. Nothing. I don't even know his name. Look, I probably sounded drunk the other night, and you know what? Maybe I was. This whole thing is processed, right? It's not gonna happen all at once. I own that. I definitely own that. Look, I know it said $100 would do it, but really, I'm just trying to come up with, like, whatever I can. I'm supposed to take my kids... yeah, my kids. I'm supposed to take my kids to the kid museum. You can give me there for, like, $20. So if I can make that happen, I mean, me and you? That would be perfect. $20, right? Like, that's nothing. Anyway, hit me up, bro. Voicemail 4 Hello? You've reached the office of 051. Please leave your name and your number and I'll get back to you as soon as I can. Alright, fine. You know what? I know you got me blocked or something, and I get that. I won't blame you. I'm calling from my cousin's Yabbi's place. He's a good dude, right? Look, I've got some guys I need to get paid, you know, who I borrowed some money from, and they've been pretty insistent about this whole thing. So at this point, really, anything would be perfect. $5 even. Whatever you got laying around in your desk, you know, anything I could give these guys. So give me a ring there, homie. That would be great. Voicemail 5 Hello? You've reached the office of 051. Please leave your name and your number and I'll get back to you as soon as I can. Um, Adam. I know you're there. Pick up the phone, Adam. Come on, it's your old pal Mike. Remember the good times we had that one time? I'm seriously in a pinch here, my man, and if you've got like cans or scrap metal laying around, I could take off your hands. I would be fine. Plastic bottles even. Ah, I got a guy who will give me $0.15 per pound of drier lint. I know you guys do a lot of laundry. Come on, man, you know I'm good for it. I'm totally good for it. I'm serious about that drier lint. Hello, Adam. Hello. This concludes today's broadcast. Please like, comment, subscribe and hit the bell using your encrypted YouTube account. And support the broadcasts at patreon.com slash site 42.


Would you like your website to be a lot more resonant and effective for the people you're trying to reach? And by the way, there's my sweet dog buddy who is just being so patient with me. I recommend that you do a technique called a website user interview. So what this is is you get on the phone somebody who is like your ideal visitor. So it could be a friend, could be a colleague or a client of yours, that's that you set an appointment specifically for this reason. It could be 15 to 30 minutes and maybe you would use something like Zoom where you could see their face and they could even share their computer screen with you, and that's really ideal. So what you do is when you get on this call, and by the way, they don't have to prepare at all, and actually it's better that they don't prepare so that you can see their fresh reactions as they look at your website again, okay? Or maybe the for the first time they haven't seen your website yet. So when you get on the Zoom call with them, ask them to share their screen with you. It's free. Even if you use the Zoom free plan, they can share their screen with you, and then you give them the link to your website at that moment, they go to the link and you ask them to give you their real-time feedback on what they're seeing on your website and what they particularly like and what they don't like as much and would recommend changing in some way. It could be something about the layout or the graphics or they're trying to find something that they were expecting to find, but they can't find. You see, so it's so useful to be able to see in real-time what an ideal visitor is actually experiencing on your website. So many people don't do this. They just assume that they can just hire a webmaster or web designer and design a website and that's it. No, no, you should really get the experience of a visitor as they go through your website again, just for 15 to 30 minutes and you will be, you will have so much, you'll start to connect with their mind mindset. And that way the next time you're changing your website, tweaking it, you'll be able to change it with more thoughtfulness because you have that person's face and their reactions in mind. One of the other useful things is if you have further time with them on that call, you would ask them to go to a website that they do like, that they do visit. Maybe it's someone similar to you, ideally, or you give them the link to one of your competitors' websites. And then you ask them to, again, do the same thing, give you the real-time feedback, what they're liking, what they're loving, what seems to be missing, et cetera. And this is actually an interesting way to network with your colleagues, okay, peep other business owners that might be complementary to you in terms of you might refer a business to them, they might refer a business to you. Well, do a website user interview for each other, okay? Again, no preparation needed. You just help each other, show each other your real-time reactions to one another's websites. I hope this is helpful. Always open to your comments and your questions and I will put more detailed ideas about the website user interview in the notes of this video.