Everybody forest here rip in a box of 2023 top sterling baseball hobby for Edward E There we go Edward See something crazy here. You can cut things like this if you need to but these typically can just slide off All right, you gotta keep everything in front Silver slugger award winners and stat leaders Start with silver slugger with a thickie so with that you just Like they're the top they're really hard to get out if you don't like just destroy it, right? Like they get stuck in like they're really tightly packed in there. All right, Vicki here Let's see what it is silver sluggers on this one. I think you perform there so I can set it down Right, if not, you can just flip it over and show it, but oh very nice. That is sick looking quad patch out of Fernando Tatis jr. One of five Look at the patches all to camo. There's like a tan one down there and then the forest camo Also, that's sick Grats Edward on this. That's a beauty quad patch auto Tatis the five and stat leaders And if you don't like wiggle it just a little bit like the air will just take the foam out like the vacuum portion of like So much will just kind of like pay the phone out.  That's it Oh, there we go. That's my guy Rafael Devers on the dual relic auto 16 of 25 Rafael Devers and so I'm just holding it with Thumbs and index fingers of both hands to center like that some cards a little thicker if it's like a mag and hold it But you really shouldn't one hand as far as like thick cards You can you can one hand when you get comfortable. I prefer like not like I didn't for a while, right? You just want to like holding it still The only reason you would take it off is asleep. Alrighty and that's gonna do it Good box free Edward couple of good hitters there. We'll get those out to you


from our Lady of Guadalupe Catholic Church in San Antonio. We are here today because there is an effort underway to ram through a policy that means tax breaks for developers and higher taxes for the rest of us. City staff wants council to discuss this today and council is scheduled to vote tomorrow on a new version of the Centre City Housing Initiative Program which was put on hold last year by the Mayor. The original Sea Chip gave $100 million of our tax money directly to developers. It created new housing, spread growth in downtown, but it also caused serious gentrification in nearby neighborhoods. The NALCAB study published in January proved it. Appraisals doubled and tripled in affected areas. The incentive program displaced families. City staff now proposes expanding it to the entire city. Public dollars should not be used to displace people. It is too important and too expensive to rush Sea Chip through council. Our representatives must delay this vote. We feel that the revised Sea Chip program is being rammed through council. The vote should be delayed until at least January 2019 and Mayor Nirenberg needs to explain why he's ignoring the NALCAB study released in January and key recommendations of his Housing Policy Task Force. There are several reasons why the vote should be postponed. First, the policy scope grew exponentially well beyond Centre City only last Wednesday, December 5th. Surely all the ramifications of such a huge expansion have not been thoroughly vetted. Second, public concerns and questions are being squeezed in on the eve of the vote. Third, a proposed affordable housing fund which is recommended in this policy lacks any meaningful detail about how the money will be spent. And fourth, City Council has not studied the way rising property taxes are displacing families. Rushing to pass a new Sea Chip is bad for taxpayers and bad for neighborhoods. It is not enough for the City to say, not my job. Assistant City Manager Laurie Houston told COPS Metro leaders recently that Sea Chip is not about affordable housing, but about economic development. We beg to differ. When the City foregoes hundreds of millions of taxpayer dollars to incentivize developers to build housing, it's a housing policy and should be therefore treated as such. There has to be tangible, not superficial component addressing truly affordable housing offered today. Before passing this policy, COPS Metro urges City Council to demand the following. An impact study of property taxes and rents in nearby neighborhoods during the first Sea Chip. The proposed affordable housing fund must be fully defined, including how the money will be spent for what and by whom. No sane person would sign a contract with a third party without knowing all the details. Why should taxpayers? The building height shouldn't be a criteria for Sea Chip projects as it's proposed for level two. The effect is developers receiving generous tax rebates while creating zero affordable units in vulnerable neighborhoods. The 80% AMI standard for affordable units must be lowered to 60% AMI throughout the program consistent with the Mayor's Housing Policy Task Force recommendation. Earlier this year, Mayor Ron Nirenberg told us again and again about his commitment to the Housing Policy Task Force recommendation. For this reason alone, the City Office's charge with housing should be working together hand in hand to develop a balanced housing policy. The now kept study published in January showed appraisals of homes in Dignity Hill more than doubled and nearly tripled during the first Sea Chip period. What will council say to homeowners across the city whose rising taxes drive them out of their homes? Developers will reap the benefits of these incentives, but where are the protections and incentives for homeowners and businesses in the communities impacted by the new development? The Mayor, foremost, and City Council members should delay the vote on Sea Chip and heed the request outlined by COPS Metro leaders. So San Antonio's housing strategy must be balanced. COPS Metro will support policies that encourage the gold of the city's housing stock, even market rate housing, but the Sea Chip program as proposed is lopsided. It's too expensive and too important to rush through. The Mayor especially and City Council must know that is unacceptable. What will you say to the people who are building all the big buildings where they want to actually build apartments for everyone, but they want to build apartments that are quite expensive, that cannot reach the regular citizens of that apartment. For people who earn more than 80% of the average in the area, we want them not to vote today, not to discuss, not to vote today. We have to talk about this, we want them not to vote until they have it, at least until they have it, because if they had this program before and they stopped it for a year, and that program gave 100 million dollars to these people who are building the buildings, and if they built new houses, new apartments, the city center grew, but at the same time, so many people left their houses because of the value of the property that was so high that they could no longer afford to have their houses there, and we do not want them to use public money to move people from their houses, to get them out of their neighborhoods, and more or less that is what we are saying. Do you know who is behind putting pressure so that they can vote on that? Well, what we see is the city staff, the department of Lord Houston, who want to, let's see if I can help with this word, move faster, yes, but one said that it is not a matter of living, it is not a matter of growing the center, and it is not a matter of things alone, because if they have them, and other people, more poor, who have been here for longer, they no longer have their houses due to the value of the taxes, it is not fair, we have to discuss it. Hopefully, they would get together with the housing committee and really line out that fund for one thing, because that is really bad, and we will give more time for more public input, because just tonight at six o'clock, who even knew that was going to happen? Four demands, again in that matter, they could review the four demands that we have, first, an impact study on property taxes and rents, the affordable housing fund fully defined, redoing the 80% to 60% AMI, and the building high criteria be removed. Everybody got their first release? Everybody get a first release? Okay, so can you talk to me about how this makes you feel? I mean, as a member of the mayor's task force, I would continue to do that, I've been there before. And actually took her on my personal tour, because she wasn't aware, even though she's found my buzzword, she was not even with it, she wasn't aware of the impact, and I took her to an easy dark place, so she knew. So that's the same thing I wanted to find out today, whatever it did, it wasn't the right thing.


The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll free at 1-877-927-6648 internationally at<PHONE_NUMBER>. Let's go to our man Alan Homosasa. What's going on brother? It's, isn't it wonderful? I went ahead and invested in your tiger dollars. And I went ahead and got your gold report for a year and also your morning, your, your call letter and stuff like that. And I got over a 50% return in one day, not counting everything else. But I just want to thank you. Tom's not perfect, but he tells you how to put your stops in and keep your losses small. You can take your small losses, but then all of a sudden you'll be like Dave Brute and you'll hit a home run. I mean a big home run. And put the money in your pocket. You're awesome man. Thank you. Now Tom O'Brien. Welcome folks. This is Tom O'Brien of TFNN. We have five days a week. We go seven hours a day. We go 24 hours a day on the internet at TFNN.com. Always remember folks, whatever you think about, you bring about whatever. You focus on growth. Hope everyone's having a great day, safe day. It's a TGIF and we're kicking into the 4th of July folks and let's make it a great one. Always do your best. Take action on your ideas. Doing your best to mean take action on your ideas. You have many great ideas in your head, but without action upon an idea there'd be no manifestation, no results, and no reward. And thank God the founding fathers took action on their idea. You're going to love it. Make it wise. Let's take a look at it out here. We have the Dow Industries up 209. NASDAQ up 44. S&Ps up 21. Gold contract up $1 at 1808. Silver down 55 cents. $19.80 an ounce. Platinum off 20 bucks. $8.75 an ounce. Light Sweet Crew up $2.59 cents. Trading at $108.34. The notes and bonds. A ten year note. Up one tick. Up one point rather. Trading at a price point of $119.18. Thirty year up a full point. Plus six ticks at $139.26. And King Dollar. King Dollar's up by 434 ticks. Trading 105, 118. Euro at 104. Yen at 135.25. And the British pound at 120 to 1 US Dollar. Our phone number is<PHONE_NUMBER>. Give us a call folks. Want to know what's going on in your world. In the world of the S&Ps. Let's take a look at it. What do you have? Well the bottom line folks is that we're kicking it to the holiday. We come down yesterday with volume. We go up today with light volume. Bottom line. That's the whole deal about building cars for lower price. Okay. So you know yesterday you got to go south at 112 million. You go up today with 51 million. That's in your spy. Excuse me folks. Three Q's. What you have out here is that you're up 81 cents yesterday. We go south with 79 million today. You go north with 43. Bottom line you still got the ABC structures on the way down. I expect those are going to get hit. Gold. This is really intriguing what happened with gold out here this morning. So they smoke gold in a monster way. Gold basically gets down to well not basically it gets down to 1783. It was trading down all night. And then guess what? 820 in the morning is when the pit opens and so the folks in the pit decided hey man I'll buy gold at this 1783. They took the bait. They bought it. That being said folks see that number up there 232,000 contracts. Not a good number. Why? Because that's a high volume low now. And when you actually take a look at this if you're watching Tiger TV right now you're going to see that all this is done. Bottom line we had made it up to 1826 yesterday and it's coming right up to Iceman. Ice is laying out right here at about the 1813 level and we got to 1810. Silver. We got to look at the silver one because let's see. Because what has happened here they really took silver. That's what happens. I mean the bottom line SI. SI. Let me see this. What is this active contract? Come on baby. Well I'll take this contract. This is not the active but I'll take it anyway. Okay so let's see what this thing broke. Whoops. Come on. Okay so this baby here. Okay so I got to go SI one. I got to get the generic contract on silver. And you know bottom line is that you know gold has been stronger than silver. Yeah but that being said we want to see what this is going into. Okay so you come with that large strength. 1794. We hit 1926. Silver's going to get back inside 2141. This baby wants to get down into that 1794 level. Pretty intense. Now let's go to the 10 year. Because what we have out here you get a bounce going in the 10 year and the 30 year. We did 189,000 contracts. Not a lot of contract volume but this is the time that you do a bounce. There's no doubt man. So your next leg here is 12019. You hit 12004. The volume's not bad. We took out a B point but it's not going to be an ABC up because the B point had 2.2 million contracts and you're at 189 right now. Let's go take a look at the TLT. The TLT is the 20 year plus now. The TLT there you go. See how light the volume is there on the TLT. Bottom line you're coming into 28 million doing 17 million. That's on the daily. Let's put this on the weekly. Yeah so the weekly you're coming up to a swing. I mean the TLT can get to like 119 maybe. Yeah I can't hold it. Let's look at this. Yeah it's a small ABC up. It depends on whether that came. Give me one second here. I just want to see if this it actually probably retraced too much for that. But it did take a swing out on a weekly with volume. We took out it was 25 million versus 20. So if it is let's see that's a you got 7 118. You're probably going to go to 119. There's somewhat relief. But guess what folks all you have to do there's a million different analysts on a continual basis. In this particular case there's a million analysts coming out saying you know you've seen the worst rates in this. What I would do folks is look at the Fed funds rate. The Fed funds rate is 1.50 to 1.75. Well the Fed is telling you that it's going to basically free. So the bottom line is that we're not even close to where the Fed is going. It's actually blowing my mind sometimes that there's so many people basically so you evidently have not seen how inflation can wreck you know everything and no one's immune from inflation folks okay if you think you're immune from inflation and you're sitting pretty you're not we're all going to be affected in a monster way. It just steals your money like this it rips it out. Stay right there folks come right back. Dow industrials up to 74 and as like up 65 S&Ps up 30 who come right back. We are purchasing powers eroded there's no better place to protect your harder and money than in gold. Vista Gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly jurisdiction. Vista Gold just completed the Monk 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 Monk Todd as an attractive, diverse party ready development stage gold project. Vista Gold trades on the New York Stock Exchange under the symbol VGZ. 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 market's open. This is the most 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 Our principal 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 24-8 internationally at<PHONE_NUMBER> Welcome back folks Beth and Julie, Tom and Brian we do appreciate you growling and prowling when it's on this July 4th weekend man. That's going to be a good one. That's a beautiful thing isn't it? Totally man, totally. Let's go to our man John and Philly. Yeah Philly and Boston is where it all started. John what's going on brother? Yes sir Liberty Bell baby, Liberty Bell. I know pretty cool, totally man. It's a good holiday weekend to your family upcoming. Thank you and you're also man, totally. Thank you and I'm calling Tom just to thank you for all your help over the years. Of course all of your dinners know this from me over the years there was something missing for me that you provided that I got to learn you know in that 2005-2010 timeframe. So thank you for all that but to the point here and now I just have to share an observation on Comex Gold you describe the action today and as and I'm listening to your read of that market quite closely the past couple of weeks to paraphrase what I heard you say today yeah we had a nice interday bounce nothing has proven the selling pressure continues here but I will share the observation that the decline into today's low matched the decline into the spot contract back on May 16th and the low that day that was the June contract that was the lead contract that day the low was 1785 right and for what it's worth you know me all these lows I'm trying to buy and looking for intermediate term bottom which of course has not repeat has not occurred but back on May 16th when we made that low at 1785 and balanced you observed and I just remember this I think maybe it was that day or maybe it was the day after that May 16th June gold 1785 low came down and tested the February gold low of January 28th which was down at that 1780-1781 level so you've always lost you've you learn long ago when you shared with us the theories of your teaching there of the power of swing points and I will just observe just went to that prior swing point which was May 16th and interestingly enough January 28th went to that swing point and couldn't go any further at least for now so I acted upon that this morning of course that means nothing you know other than just a picture today but we shall see and I keep on thinking one of these days one of these reversals is going to mean something and of course I don't know if it's today or not but I do have to thank you for educating us and just reminding you of the observation you shared with us back on May 16th well listen man I appreciate the kind words John you know it's so interesting right now last week in the gold report right what I wrote folks this is very unusual trust me okay is that there were so many stocks that look like they were just beautiful setups right and you know I didn't buy one okay because what what was happening is I kept looking I'm saying this is something that's not right here man because to me John you know and to you probably also you know gold should already really take you taken off you know we'll see where this shakes out man you know this dollar is strong and it won't back off so you know I'm going to actually be a lot more conservative right now until I see this because you know you know I've been talking about the ABC structure down on the S&P and you know if they're going to take everything south they're going to take everything south you know what I mean so you know we'll see because I mean you know realistically yeah we know that came down hard today and bounced right back so that's pretty cool there's no doubt I you know I don't like the volume on it but I don't like the you know the dollars holding man so we'll see where this shakes out man but we will we will because we know see John and I know when the gold bugs know folks when you catch this right you know people say oh this and that well guess what you know in the gold market you can do 30 35 percent 40 percent pretty quick and to take your bread and you know you go on vacation for a bit so I like vacation anyway okay yourself a great weekend thank you and we'll talk to you next week you have a great one the safe one and you know there's always a question best fit of it can gold go up in the dollar go up right yeah and what has happened is that yes it can but it only does it for a little period of time because commodities are priced in dollars so the higher that the dollar goes you know commodities don't have to go higher because let's say that you're in Europe well guess what you're buying gold so cheap you can't see straight yeah I mean you know well actually no it's just the opposite okay but but the bottom line is is that the dollar has been king though I mean yeah and is it still going up it's still going up it went up it's a 463 ticks other that DXY is the dollar there and a thousand ticks is a penny okay yeah but that is a monster move wow yeah you know I mean you know it is the dollar so it is the there you go it is it is the dollar there's no doubt about that you know I mean so everything so the market is up today a little bit the markets up a little bit you know but 28 S&P points is nothing compared to how the market went down you know in the past few days and the past six months I'd say you know I mean you know up and down right and as we talk real real estate here you know what's been up this week well we've been seeing some shifts that's for sure so as you know I finally got a property under contract that's financed right yeah and we've been looking for about four months now okay and up until this point there was no shots I get in the house like that under contract that was financed okay nice so not only finance but we got an inspection period as well you did and what was the cost of the house only 225 that's even better though because it's so low so what that's what it's saying here folks what happens is this there's been no house that we've seen in this whole area that really goes under 300 thousand that is not brought with cash in a second right yeah I mean I'm not we're talking about like within hours you know we can call the broker up and then you call the broker up and then yeah it's already gone well I mean you don't do any more bids no no we've got a really good one yeah I know so this one financed and inspection that that that's a difference that before you could maybe somehow swing a financed one with no inspection right but this one was like a regular and then you know tell me about the one of the house you did get inspected and this this guy happened this is a funny story folks this guy happens to be a tiger but he was inspected in the house but he was saying they weren't busy right because it yeah yeah because up until this point there was no inspection periods at all exactly cash no inspection and they said they only got lucky because some insurance companies went out of business that's right so all these homeowners had to get a four point again to get insurance different companies and so pitch of this folks I don't know how long the guy hasn't been listening I think he was on the radio and he said yeah that's that Fibonacci guy right Fibonacci guy yeah stay right there folks best of night coming right back we're gonna be coming up with Alan from Boston Dow, Dow Industries right now up 259 Nasdaq up 59 SB's up 29 we'll come right back 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 metals 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 see for 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 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 Tigris' for just $1 for the year there's no catch or added costs when you join our community of traders in the Tiger's Den you can look over the shoulders of Tom O'Brien and the other tfnn hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigris' as they share trading ideas, news analysis and discuss the market action all trading day even at night and on the weekends the Tiger's Den at discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders visit the front page of tfnn.com tfnn is excited about our new software charting program The Art of Timing the Trade Charts in collaboration with Tom O'Brien and using his best-selling book The Art of Timing the Trade Your Ultimate Trading Mastery System David White has programmed an outstanding piece of software that will complement any trader's methodology using this first-of-its-kind program The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci including Gartleys, 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 gonna 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 The Art of Timing the Trade Charts today by visiting tfnn.com This segment is brought to you by Think or Swim For more information just click the Think or Swim banner on the front page of tfnn.com Welcome back folks Dao is up 255 Nazics up 61 S&Ps are up 29. Let's go to our man Alan from Boston. Alan what's going on? Hey Tom how are you? I'm doing great yourself. Good thank you, good. Let me just shut the audio here. Listen I had called you maybe a couple months ago just asking about the XBI and I looked at it again the other night and saw the sort of big volume day down at the bottom. Do you any thoughts on the XBI at all? Okay so let's take a look at this. The XBI folks is the S&P biotech ETF you get a lot of biotechs that are in there. Let me just look at this. I guess it looks like there's a lot of small biotechs right? Yeah there are. Okay so let's line this up. I know the trend in the market is down. I mean I listen to you all the time but I didn't know if you always say there's a bull market somewhere so I didn't know if that's where this might be I don't know. It's so weird man. Well on first let's say it rejected lower price going all the way back to 2020. Low is still in it oh man. If you get into this for a bit and see if you can get a bounce maybe you can get up to this $83 you're at $76 but it's still in pretty tough shape I mean that low that was established at $61.78 is basically still there that's a high volume low and we came down we only came down to $62.13 it would have been great if it came down there but it didn't. Yeah I guess I was looking at that so that low that you're I see what you're saying okay I see it yeah I see it $61 let me ask you something though I know that oncology right looking at do you know any oncology equities because that whole deal about what has happened folks is that you know that PSMA deal that okay so what's happening folks is that this just got okayed by would be the FDA right so there's a different type of imaging that's happening right now in cancer folks okay that you know the bottom line that if you're doing chemo what ends up happening is that it can grab the cells and not destroy all your cells that's something that I mean I know your business and the bottom line is that it seems to me that you know equities that into that I think that's going to big dynamic change isn't it yeah it is and I think that's where you're I can tell you from when I started out in medicine to now that the movement and that the change has been dramatic I mean I think certainly on the cancer side maybe not so much when you're talking about Alzheimer's and some of those diseases that it's a little more difficult because the experimental models are different for the brain it's hard to do brain experiments but you know cancer cells they can use animals and they have different models that are easy for them to use and then all the stuff with the human genome and allowing them to map and come up with specific treatments back in the old days I mean the treatments for some of these cancers where you have lung cancer was sort of the same treatment everyone got the same thing but now it's specifically tailored to your DNA and your genetics so I think that there's going to be an explosion here at some point in terms of treatments and diagnostic things and all that so you know and I think I've mentioned you before that in Somerville and Cambridge the real estate boom is just crazy it's all biotech what happened is I saw an article coming across the Bloomberg man and I said I was reading this and I'm saying to myself okay so it explained it really well meaning when the FDA passed this whole deal and so we got inside the den we got a couple of targets that really is a biotech so I was kind of getting my head around this article and it seemed that it could be a dynamic change I guess what happened is that even when COVID come with the MRNA you know come into it I'm saying to myself okay medicine seems to be jumping up quite a bit right now you know what I mean absolutely and I think as you said the whole thing of the vaccine and the mRNA vaccines was a huge game changer when it came to vaccination and the other applications that it's going to have for all these other diseases is you know I don't think we even scratch the surface I can see where this is going to go I wasn't sure if this was the time to bite on it but I'll wait here a little bit longer and listen man I'll keep my eye on it and I'll shout out to you I'll pull it up every day man for sure you have a great one have a safe one man happy 4th you gotta love all the targets and folks we got them all I happen to know him from Boston okay the bottom line he's a doctor at the mass general there's nothing like the mass general man there's no doubt man let's go to our man Jose okay wait here this guy Jose look who I got beside me I remember Jose yes good afternoon fellas you guys look dapper as ever how you doing man great great hey Tom well he smells like Jerome Powell and the Fed wanting everybody to have that good feeling around the cook out around the grill that's all this is I agree man I mean it sits listen we've seen these before I mean listen you know folks okay I would love for the market to go up and you know we're all cool I think one of the things that is different this time and it's not that it's different we haven't been in a downtrend you know for 16 years so you've never seen one you're only 30 right? 33 33 oh you're getting so old man I had to get so old man you know we have a lot of that Jose do you know what I mean they haven't seen it and that's sad because I remember the first downtrend I was in man like I'm lucky I had my head left I mean I was like what do you mean I'm still doing the traditional turf and surf grilling this 4th of July however because of the cost of beef and inflation prices and everything we're going to be having beef not beef and I'm getting scared about the lobster the lobster we love you man I've got a question the probability question for you two chaps okay you're on a game show there are three doors are you with me so far? yes okay there's a 4-1-50 electric truck behind one of the doors and there's goats behind the other two doors okay okay say you picked door number one yeah and I say uh fellas I'm going to show you what's behind door three I open it and it's a goat okay and I say do you want to switch from door one to door two does it up your probability what is your answer? yeah no I supposed to know that what is the answer? well I can tell you that an MIT math professor blew it a university mathematician with a PhD University of Florida blew it and the answer is yes you say thank you I'll take the 33 the third uh probability that it's going to be in door number two you definitely want to switch from door one to door two you've upped your chances 33 and a third percent you are awesome man hey have a great fourth man thank you stay right there folks you'll come right back always switch that's the answer okay there you go all right there we go Vista Gold owns and operates the largest undeveloped gold project in Australia 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 VGC Vista Gold executing a strategy to create shareholder value are you in the market for buying or selling real estate in the bay area including the surrounding St. Petersburg Tampa and Clearwater markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot to certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call Tiger Real Estate LLC today at<PHONE_NUMBER> or email us at tiger at tfnn.com that's<PHONE_NUMBER> call us today biotech is booming but 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a great way to save money great way to get product at tfnn this is the best way to have you here we're talking real estate we're talking rents and you know what we've noticed so picture folks we're in Pinellas County so Pinellas is basically Clearwater St. Pete and Palm Harbor a bunch of small cities but basically you know St. Pete Clearwater that's it yeah and what we've seen you know the bottom line is that there's more houses for sale there's no doubt there's more price decreases even in St. Pete but rents guess what folks they're going up they're not stopping they're not stopping and you know when best of what I was just talking about we know the county really well and so in your case tell them tell them how it went down yeah so basically you know I had a condo for rent in Clearwater so it took me 42 days to rent it it was a one bedroom one bath 660 square feet built in 2004 nice building everything so I got 1500 right you're asking 1500 one bedroom one bath built in 2004 then St. Pete got another one bedroom one bath built in 1938 it's only 469 square feet asking 1700 and I probably got 25 calls and this just happened folks this week in two days you know so the things to get out of this depending where you are in this great country of ours folks is this St. Pete has approximately 280,000 people here right now and what has happened is that as all these high rises keep going up well the bottom line is that everyone wants to live here so it's not like a suburban community you know the difference is insane isn't it yeah I mean it's only what 20 25 minutes oh it's not yeah you're talking 20 25 minutes yeah the most right next to Clearwater beach over there in downtown Clearwater but nobody wants to be there right so seeing the difference down here in downtown St. Pete is isn't it no I know and even being in the business folks this is how much it's changed right I have my one bedroom is in the character it's a 661 and he's a brand new and the last one I rented the person wanted to give me two grand I said no give me 1800 because I tend to I want people in there four five six years at a time do you know what I mean even though they're brand new because I and I took 1800 but that thing now would get like 2400 or something in a second I know we're talking you know but it's it's that's how fast the escalation has gone also yeah and what listen to this oh man this is amazing in the front units now so picture what I build folks I build a front unit three bedrooms two baths one laundry room 1935 square feet yeah awesome place right I mean if I sell them they go for the 960 the next one probably go for a million right yeah they're getting 5000 the guy they listen to this man this is crazy one of my tenants wanted to buy one of these other houses right I sold him the house he's getting 5000 for the front yeah and he's only well he didn't beat it he's not getting them for the studio he's getting a studio pot he's getting 1800 for the studio yeah so the studio is only 441 feet yeah but it's still amazing that's that's big money that's big money I mean we can't believe it you know I couldn't I couldn't because because when the leases come up because I'm I'm only getting 2800 right yeah at the at the max yeah a couple of them I get 2500 yeah yeah that big difference in two years huh oh my god two three years crazy yeah location huh definitely it's what's gonna be intriguing in this downdraft is the locations number one and then stratosphere where of the hits gonna come in do you know what I mean yeah as long as you're in a prime spot it should be should be less better off I think it's gonna be less you know I think it's all gonna be hit that's my that's kind of my take on it because what does happen I've said many times is that all of us are signatures worth less money yeah so that means everything's worth less money and that the wildcard here really is when we haven't had downdraft for 16 years I mean that's that's the same it's not the same I mean listen I'd love to have a drama draft I'm not saying that okay but when you take the aspect of a downdraft or inflation making you poor overnight yeah it's pretty intense right like we were talking yesterday so you should have heard best of the night up in the office yesterday so tell me what you said you said that I was paying off one of my credit cards right the only reason this is perfect wait to hear this this is awesome yeah right and so I was looking I was like man since January or June 20th right till yesterday I spent $20 on parking exactly like this is crazy exactly because I barely go down there parking no totally so it's so fetch it he's talking about $20 right doesn't seem like a lot of money I said to him the exact same thing happened to me the day before yeah and what it was folks is this this is this is what tends to happen inflation because we've been spending money for more money on everything you know the last six eight months in a big way all of a sudden and we all should do this okay is that you stop paying attention a lot more yeah you know what I mean it's like hey man this is crazy because you really feel that you know can take yourself pretty quick man I mean you know every time you go somewhere and you're just looking at it like what happened here what happened and inside the grocery store of course folks okay you know you see sad scenes in a continual basis man you know like if you eat good food I mean I can see I can almost see why McDonald's is going to get busy I mean because of for two bucks you can't even get an apple for two bucks anymore or you that's close I mean but you know that middle isle which you should stay out of by the way okay you know the cost have gone up dramatically man yeah everything yeah every time I go there you know for a few things right 30 bucks right okay yeah I know and you know I don't because of the way that the political atmosphere is I can't picture that you know Nixon put price controls in so pictures that you went in this supermarket and they couldn't go up on the prices anymore that's crazy isn't that wild but let me tell you inflation got so bad then folks okay I'm not exaggerating every single week you go in the supermarket and it would be like more money like dramatically and they finally put price controls on it but then Volcker came in hit the button bright interest rates up smoked you know the economy and you know when I look at this inflation man you know the bottom line is that you know it's not going to go away like overnight man I think so I mean I think we probably peaked but even if you peak it go up 6 to 7% a year that's insane that's huge 3 years 18% that's 20% you got 100 grand you got 80 grand stay right there folks best of night I come right back 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 is designed to give you all the 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see if we take a look at this you can see that we're at 2.8 if you're watching Tiger TV you see that hide last 3 months 3.4 now watch this this is where this gets wild we go back a year ago a year ago 1.1 3.4 is that wild? big difference 8 to 6 months we do 6 months 1.6 3.4 so bottom line is that I've never seen interest rates this high since 2013 I believe 5.4 was the highest ever imagine that he's done a lot of deals folks so the thing that's wild I think in the marketplace in general is that now yes the first time I bought a house was 14.5% but guess what I was still only 20-21 that's how it was I didn't know that rates could ever be 3% and 5% and so what happened there and this is important to understand too what happened is that if you owned a house that's one of the reasons that the houses went up so quick because as the rates went down the houses went up well the correlation is just the opposite now rates go up high sad but true it's what you can afford right and then one of the tigers came up with a great thing thanks Mark about the rent structure I wasn't even thinking about that that rent structure saying that yeah there's so many people that qualify enough for the mortgage that makes a huge difference man pretty well well listen everyone have a great 4th of July a safe 4th of July come back and visit Tommy Monday morning firecrackers don't blow your freaking hand off don't hurt anyone else but make sure you light off firecrackers have a great one folks have a safe one


Yeah, hi folks. This is Matt again. I am going to tell you a little bit about the Shapley value now, which is one of the most prominent ways of dividing up the value of a society, the productive value of some set of individuals among its members. And, you know, the the basic idea in coalition or cooperative games in terms of trying to figure out allocating value is is having some notion of what the right way to do things is and we might say even in quotes say what's the fair way of a coalition to divide up its payoff. It's obviously going to depend on the way that we define fairness and the literature has basically then taken ways taken axioms as the primary way of expressing the properties of what the desired properties are of rules for dividing up things. So what we're going to do is then have some set of axioms or properties that we want to satisfy and then see what that gives us. The Shapley value is based on Lloyd Shapley's idea that members should basically be receiving things which are proportional to their marginal contributions. Okay, so basically look at what what does a person add when we add them to a group and they should be getting something that reflects their added value to the society. Okay, so what's the tricky part about this? Let's just take a quick example and that'll give us an idea of why we have to be careful in doing this. So let's suppose that everybody and together in a society can generate one, but that if we're missing any member of society, we get zero. So this is say a committee and the committee all has to be present in order for for it to do anything. So if it's missing any of its members, it can't just make it decided to decide on anything. So in this situation, what do we so we've got you know v of n is equal to one v of s is zero if if we're looking at any s that's smaller than n. So in this situation, what's true, then the marginal contribution if we take any individual out of this group, their marginal contribution is one, right? So everybody is essential for generating this one. So everybody's marginal contribution to the the the society without them is one. And in this situation, we can't pay everybody what they're responsible for in terms of of leading ultimately to the to the grand coalition. So we're going to have to think about some way of waiting contributions in order to come up with a reasonable thing. And obviously, for this particular rule, it would be reasonable to add up things by one over n. So everybody gets one end of the contribution. But in rules where in situations where there's might be some asymmetry asymmetries in terms of who contributes which value, we're going to have to think fairly carefully about how this should be weighted. Okay, so Shapley's axioms are going to give us a handle on this. So let's take a look at those. So the first idea is a very simple one and one which pretty much any rule that you would think of in these settings is going to satisfy. So if we think of two different members of society, say I and J, if they contribute the same thing to every possible coalition in which they could be a member, they're completely interchangeable. So that if we're looking at some coalition that has neither I nor J in it, if we add I to that coalition, we get exactly the same value as we get when we add J to that coalition. If they're interchangeable, then they should be getting out the same allocation of value. So if psi is the way that we're dividing up the value from some coalition game, then we should be giving the same thing to I as J when they're completely interchangeable. Okay, this is a fairly uncontroversial axiom. It really captures a basic notion of fairness that if this, you know, if individuals are completely equivalent, they should get equivalent payments. Okay, next axiom, dummy players. So I'm sure that that everyone has had some experiences with people like this. What's the idea? There's a situation where you add a person I to a coalition, and they they add absolutely nothing. So no matter what s we look at, if we add I to a particular s, we get the same value as this situation with without that individual. So basically, the person's completely worthless. No matter what coalition we're looking at. So the idea is, then the axiom is, if an individual is a dummy player, then we give them nothing. Now, you know, this is on one hand, it's a fairly reasonable axiom. If somebody's contributed absolutely nothing, there's no reason they should get anything. On the other hand, this depends very much on the perspective you're taking. So if we're thinking about a society, it could be that that I contributes nothing because of reasons beyond eyes control. So something happened, they had an accident, or for some particular reason, they are unable to function. Society might still want to allocate something to those individuals. So it really depends on what the time perspective is, whether we're thinking about social insurance, and so forth. But but nonetheless, it's a fairly intuitive axiom, and it's going to be a fairly powerful one in, in what it delivers. Next one is additivity. This one is one which you might think of more about the process of allocating value. So let's suppose that we can think about looking at a cooperative game or a coalitional game. And we can, it's one that separates very nicely into two different parts. So we can think of it as, as you've got one cooperative game, you've got another one. And then we think of what do you get when you sum these two things together. And the idea is that if we're looking at two different cooperative games, and then we think about what would happen if you were trying to allocate something, when you sum them up, you should get the same thing from allocating one, allocating according to the second, and then adding those two things up. Okay, so the idea here is if we're looking at a cooperative game, where the value for any coalition is just what it gets under the first game, plus what it gets under the second game, then the way that we allocate value should be how we allocated things under the first game, plus how we allocated things under the second game. So you know, this is fairly obvious in terms of what it means mathematically, in terms of how you interpret this and what the story is for why you might desire to have to satisfy an action like this. That's a little harder. You could think of this as a story for saying, you know, maybe society one day produces according to v one, and the next day according to v two, and if what it produces the second day doesn't depend on what it produced the first day, then we should we should be able to allocate the fruits of the production in the first day, and then allocate again on the second day. And those things, since they don't interact at all, we should be able to do that separately. And what an individual gets is just the sum of those two things.  Okay, so what do we get from these three axioms? The Shapley value, and let's have a look at it exactly how you define the Shapley value. So the value, the Shapley value is going to be marginal calculations. What is an individual I add to coalitions that don't have I when we add so we've got coalition with I in it coalition without I, we then take a peak at how much that generates. And then what we're going to be doing is waiting that by different possible ways in which we could have come up with this marginal calculation, and then dividing through by all the possible ways that we could have done this. Okay, so we'll make sure we average over all these things, so that everything sums up to the full value. Okay, that's the Shapley value, we're going to dissect this in more detail in a moment. And what's the theorem? The theorem is that if we look at a coalitional game or a cooperative game, there's a unique way that divides the full payoff of the grand coalition. So if we're making sure we're dividing everything up, that satisfies symmetry, dummy and additivity. So if you put those three axioms together, there's only one way to do it. And that way is the Shapley value. So there's a unique way which does satisfy these. And it's the Shapley value. So that's a pretty powerful theorem. There's a fairly elegant proof to this. It's fairly intuitive. We're not going to go through that in detail, but we'll go through some explanations of this. You can find the proof fairly easily in a number of different places. There's actually a nice book by Osborne. And Rubenstein, for instance, which is free online, which has a proof of this. But there's a number of places where you can find this. Okay, let's have a peek at the actual value in terms of what how this breaks down. And then we'll look at some examples. So what individual eyes giving is according to this formula looks a little daunting, but the intuitions are fairly simple. So let's think we're thinking of marginal contributions. How are they coming about? So what we're going to do is we're going to think of all the different possible ways we could build society up. So for instance, we could be building society up by first adding person one, then adding person, say three, then adding person two, right? So that would be one order in which we could build a society up. We could also have built it up by first adding person two, then adding person three, then adding person one, right? So there's a whole series of different ways that we had a three person society that we could go about building these things up. And in each according to each one of these orders, we'll have different set different marginal contributions along the way. So here, first person one contributes something then person three adds their production and person two adds their production, and so forth. So we end up with these these different contributions. And that's what this is going to capture. So what we're doing is we're looking at these different sequences. And the first part we're doing is calculating, as we went along the sequence, what did I add when they were added? Next, we wait this by the different possible ways that we could have built up the coalitions before I was added. Then we also wait this by the different orders, different ways we could add the individuals who haven't been added yet, after I has been added, right? So there's a number of individuals minus the number that are already in S minus I. So that's the number of ways that people that are still left. In fact, take that to the factorial gives us how many different orders we can still add people in. So we wait it by that. And then we're summing overall possible combination of coalitions that are there before I, and then we're dividing through by the total number of different orderings we could have over people in a society. Okay, so that's the Shapley value. And in terms of understanding this, again, what we could think of in terms of the ways in which we divide up a society, we can think of, you know, adding person one first, then one two, one two three, we could have added one first, then three, one two three, we could have added two first, then one, then three, two first, then three, three first, then one, three first, then two, three, and so forth. So we could have done this in a whole series of different orders. So there's six of these, right, six different orders. And so for instance, if we want to figure out what person one adds when we add them, in the first case, this is v one. Second case, this is v one. Third case, what are they adding? They're adding v 12 minus v of two that was already there. Third case, they're getting v of 123 minus v of 23. That's the fourth case, the fifth case, we're getting v of 13 minus v of three, and so forth, right, so we've got here, v of 123 minus v of 23. Okay, that's the Shapley value. So each one of these things is getting weighted by a sixth. Here, this turns out then to, to get a total weight of one third. Again, here, we're going to get a weight of one third. And then these two are each getting a weight of 160 each, right? So that gives us the total value of the Shapley value. And that tells us what person one should be getting in this setting. You know, let's take a look at a simple, simpler example, just with two individuals and try and figure out exactly what the Shapley value gets. So these are two people, they form a partnership. So person one alone was generating production of one, person two was generating production of two, they say, wow, let's get together and form a partnership, we can do better than we can separately. They generate a total value of four. So this is nicely super additive, we're getting a higher value when we've got the two together. And now they sort of, at the end, they try and say, Okay, well, how should we divide the four among among them? Well, in this case, we could have added one first, and then one come up with one two. The other possibility is we get two first, and then one two, right? So there's only two different ways we could have built society up. So person one in the first, if we're trying to figure out what to give person one out of this, here they would get v one, right, which is one. Here, they would get v 12 minus v of two, the marginal contribution they added if they're added second, this is the marginal contribution if they were added first. What's this value? This value is two. And each one of these gets a weight, ultimately, of one half, because we've got two of these things. So we're adding a half of one, a half of two, we get 1.5 is equal to fee of one. You can go through you can check that 2.5 then is going to be equal to fee of two. So here, what do we end up with the Shapley value gives us that if these are the the contributions that people are making, you're going to end up with 1.5 as the right amount to give to person one and 2.5 to give to person two. Okay, so they're each in this case, getting some value that depends on the so it's it's taking into account what these values are in trying to divide the four. So they don't just say, Okay, let's just split the four 5050. They're doing a different calculation than that. And comes out at 1.5 and 2.5 in this case. Okay, so what about the Shapley value? It allocates the value of a group according to marginal calculations. It's captured by some very simple logic and and axioms. And what you could do is you can think of other axioms, you can think of other ways, other fairness ideas or other kinds of things that you desire your your rule to satisfy. And that's going to come up and make different kinds of predictions. And we'll take a look at the core next, which is another uses a different kind of logic than the Shapley value for for making predictions about how a society should divide up its values.


By this point in the biology playlist, you're probably wondering a very natural question. How is gender determined in an organism? And it's not an obvious answer, because throughout the animal kingdom, it's actually determined in different ways. In some creatures, especially some types of reptiles, it's environmental, not all reptiles, but certain cases of it. It could be the temperature in which the embryo develops will dictate whether it turns into a male or a female or other environmental factors. And in other types of animals, especially mammals, of which we are one example, it's a genetic basis. So your next question is, hey, Sal, let me write this down. In mammals, it's genetic. So you're like, hey, maybe there are different alleles, a male or a female allele. But then you're like, hey, there are so many different characteristics that differentiate a man from a woman. Maybe it would have to be a whole set of genes that have to work together. And to some degree, your second answer would be more correct. So let me just draw even more than just a set of genes. It's actually whole chromosomes determine it. So let me draw a nucleus. That's going to be my nucleus. And this is going to be the nucleus for a man. So 22 of the pairs of chromosomes are just regular non-sex-determining chromosomes. So I could just do, you know. That's one of the homologous 2, 4, 6, 8, 10, 12, 14. I could just keep going. And you eventually have 22 pairs. So these 22 pairs right there, they're called autosomal. And those are just our standard pairs of chromosomes that code for different things. Each of these right here is a homologous pair, which we learned before. You get one from each of your parents. They don't necessarily code for the same thing, for the same versions of the genes. But they code for the same genes. If eye color is on this gene, it's also on that gene. The other gene, the homologous pair, you might have different versions of eye color on either one. That determines what you display. But these are just kind of the standard genes that have nothing to do with our gender. And then you have these two other special chromosomes. I'll do this one. It'll be a long brown one. And then I'll do a short blue one. And the first thing you'll notice is that they don't look homologous. How could they code for the same thing when the blue one's short and the brown one's long? And that's true. They aren't homologous. And these we'll call our sex-determining chromosomes. And the long one right here, it's been the convention, is to call that the X chromosome. Let me scroll down a little bit. And the blue one right there, for that as the Y chromosome. And to figure out whether something is a male or a female, it's a pretty simple system.  So let me write that down. So this nucleus that I drew just here, obviously you could have the whole broader cell all around here. This is the nucleus for a man. So if you have an X chromosome, and we'll talk about it in a second why you can only get that from your mom, an X chromosome from your mom, and a Y chromosome from your dad, you will be a male.  And so we can actually even draw a punnett square. There's almost a trivially easy punnett square. But it kind of shows what all the different possibilities are. So let's say this is your mom's genotype for her sex determining chromosomes. She's got two X's.  And then your dad has an X and a Y. And a Y chromosome. I should do a capital. It has a Y chromosome. We could do a punnett square. What are all the different combinations of offspring? Well, your mom could give this X chromosome in conjunction with this X chromosome from your dad. This would produce a female. Your mom could give this other X chromosome with that X chromosome. That would be a female as well.  And then your dad is going to donate either the X or the Y. So in this case, it'll be the Y chromosome. So these would be female, and those would be male. And it works out nicely that half are female and half are male. But a very interesting and somewhat ironic fact might pop out of you when you see this. What determines whether someone is or who determines whether their offspring are male or female? Is it the mom or the dad? Well, the mom always donates an X chromosome. So in no way does the mom what the haploid genetic make up of the mom's egg of the gamete from the female. In no way does that determine the gender of the offspring. It's all determined by whether, let's say these are all of, let me just draw a bunch of, dad's got a lot of sperm. And they're all racing towards the egg. And some of them have an X chromosome in them. And some of them have a Y chromosome in them. And obviously they have others. And obviously the one, if this guy up here wins the race, or maybe I should say this girl, if she wins the race, then the fertilized egg will develop into a female. If this sperm wins the race, then the fertilized egg will develop into a male. So the reason why I said it's ironic is throughout history, and probably the most famous example of this is Henry VIII. You have these, it's not just the case with kings, it's probably true because most of our civilization is male dominated. That you've had these men who are obsessed with producing a male heir to kind of take over the family name. And in the case of Henry VIII, take over a country. And they become very disappointed. And they tend to blame their wives when the wives keep producing females. But it's all their fault. Henry VIII, I mean the most famous case, was with Ann Bullen, I'm not an expert here, but the general notion is that look, she became upset with her that she wasn't producing a male heir, and then he found a reason to get her essentially decapitated. Even though it was all his fault, his fault, he was maybe producing a lot more sperm that looked like that than was looking like this. I'm going to hijack this video now because I want to clarify one statement. It's not entirely right to think that Henry might have made more of these sperms and as a result he ended up with a girl. As far as we know, the number of sperms having x and y are pretty much equal. So then what decides whether this one fertilizes the egg or this one fertilizes the egg? It's pure chance. It's a 50, 50% chance. If this one goes ahead and fertilizes, you get a girl, which might have happened in his case. And if this one goes and fertilizes, it's gonna be a boy, but it's a purely 50, 50% chance. And before we wind up, just to clarify this statement, imagine a scenario in which a couple have five daughters in a row, all right? Let's say they get five daughters in a row. Now my question is, do you think for their sixth offspring, do you think that there's a higher chance they get a baby boy now? Well, in such case, I might have a tendency to think that in the first five tries, they got a girl, so maybe in the sixth try, there's a higher chance of getting a boy and maybe a lower chance of getting a girl because they already got girls for the first five times, right? But this is wrong way to think about it. The history doesn't matter.  That means even for the sixth time, there's a 50, 50% chance of getting a boy or a girl. And this would be true even if they had hundred daughters. I know it sounds crazy, but even if they had hundred daughters, then for the 111 time, again, it's a 50, 50% chance whether they have a girl or a boy.