The following is a presentation of TFNN. The Morning, Market Kickoff with your host, Tommy O'Brien. Good Friday morning everybody. I'm Tommy O'Brien, coming to you live from TFNN, 9.06 a.m. Friday morning. We got about 24 minutes to go until the start of trading and you got a little bit of a mixed market right now. S&Ps off the highs that we had pre-market, you make it up to about 45, 20. Since then, we give up about 27 S&P points from the overnight highs, made it about 4.15. We were up at a high of 45.15. So you're talking about 22 points that we've traded south over about the last hour and a half and we're chopping right at basically where we were at the close yesterday. You're negative by three points, but also talking about the lows that we had overnight. Quite the acceleration yesterday. 1.00 p.m. Eastern time, market's trading at 44.50. We make it up to 45.10. That's a 60 point pop, folks. That's a 1.3% acceleration. From the lowest intraday to where we ended the day yesterday, Nasdaq 100. Pretty similar action. You're down a little bit more than the S&Ps right now. You were in positive territory. You're negative by 53 points right now. Quite a little sell-off. Since 7.30, you've dropped about 115 points in the Nasdaq 100. Yesterday, trade from 14,300 up to above 14,600. Dow, up 24 points right now in the session. Dow, only major index in the green right now. Russell, barely negative by less than one point. Crypto, Bitcoin, 43,105. Quite the slide in Bitcoin this week. Monday, we had a 47,000 handle. You make it to 45.5. Crypto, 43,105. Ethereum, 32.34 this morning. Crude, $96.80. You talk about some volatility, man. Wednesday, crudes at 1.04. By Thursday, you have a 93 handle. This morning, we make it almost back up to $98 for the price of crude. Goal contract, basically flat at 19.37. There's a little bit of volatility this morning on gold, up to 1942, down to 1932. And we jump to notes and bonds. And what are they doing, folks? They're trading to lower price and higher yield. We got the 10-year down an additional 18 ticks. You are now at 2.72%, folks. Remarkable move, 2.72. They're talking about it in the tiger's den over there. Can't help but talk about it, man. 120 on the dot, we'll call it. The 10-year right now, you made it as low as 1.1931. You take a look at this chart. You put it all the way back to August of last year. So we're talking about eight months ago. You were trading at 1.3514. We had lower price and higher yield coming at us. We saw a little bit of a spike on the invasion of Ukraine with Russia. That's the spike here that pushed yields to about 1.7%, okay? That's where we were, March 7th. And then just like that, folks, a full percentage point. And then some zooming in on the action, March 7th. Now we're one month and one day from this date, folks. You had a 129 handle. Right now we have a 119 handle, okay? Basically nine full points in the 10-year, in the matter of a month. I mean, you talk about percentages, folks. People think that you can flock to like a bond fund or something like that. Well, if you bought at 129, guess what? What is that? Basically a nine dollar, nine point loss. 13 points would be about 10%. It's talking about six, seven percent loss in a month. Yeah, be careful of that one. Now, here's what I'll also say, though, is that rates have risen one full percentage point in about a month. If you just take this spike out of the equation, okay, and say, okay, well, maybe they were sitting at about two percent, now they're sitting at 2.7. 1.7 probably wasn't an accurate reflection of what's going on with the Fed doing their hiking. It was a reflection of the fear in the market with war breaking out in Europe. But let's just say you go from two to 2.7% we're now at 2.72% or almost three quarters percentage point above 2%. I highlight that because three quarters percentage point it might seem large now, folks. And it is leading the Fed. It's doing the Fed's job for almost, right? But that's only three quarters of a point. That means all that that's factoring in is the quarter basis point we already got and the 50 basis point hike coming at the next meeting. Point being, we could go a lot lower and yields could go a lot higher. I'm not sure it's gonna happen, but you better believe it's possible because the amount of rate hikes that we have coming this year, okay, substantial to put it lightly. Right now, though, the trend continuing and yeah, you will get pops in this market. Okay, eventually you will get maybe back within this trend line. I mean, you give it enough time, eventually you would, right? But it's a pretty steep line, folks. Even if we get back within this trend channel line, all right, you're still talking about lower prices coming at you over time. Nonetheless, we jump around to what else we have going on. Let's jump over to the VIX this morning. As we get the VIX this week, a little bit of a spike to 24 and change on Wednesday. Right now we're trading 21.73 on the Volatility Index. All right, let's jump around to see what else we have going on in this market. The headlines I got up here. Yeah, we'll kick it off with Mr. Elon Musk. Why not? We've been talking about him a lot this week. I had some friends, friends of friends, but follow him on social media and they were taking a helicopter last night. They're always doing fun stuff. I'm following their Instagram stories. Give Facebook a plug out there, even though I'm not a fan. And where do they show up at? They show up at Tesla's Gigafactory. So wow, it looked like a nightclub, folks. I was watching some of the images out there. Maybe I'll try and pull up some of the video that I was watching because some of the commentary out there, let me see if I can even pull up just a picture while we're talking about it because CNBC's got an article out here. Yeah, this is at least some picture of what it is, right?  This looks like a nightclub. No, it was the Gigafactory. They launched it last night and Elon was up there on stage. So let me just pull up the exacts. I wanna get the full article of what I have here. Cause I think that's the only one. I think I had a couple of articles out there. Now this article is about the robot. But let's see. Yeah, it was the opening of the new Tesla. Yeah, CyberRodio is what they called it. So he jumps up on stage in a cowboy hat. It was quite a party. I saw the clips of it, man. One of the things they said is he could have the biggest nightclub in Houston, I believe, Austin, Austin. If he just turned into a nightclub, he's got bigger aspirations than that. But it looks like a nightclub last night and he was on stage, excuse me. They aim to make 500,000 Model Y vehicles per year once production has ramped up there. Now what he was also talking about was the robot. Production of Tesla's Optimus humanoid robot could start next year. Here's what I'll say about this. Don't trust Elon Musk. He is a grand promoter. He's done it very well. But he has constantly overpromised and underdelivered. His promises have been so substantial that he can underdeliver and still change the world, though. But he is continually on a timeline basis, really push the envelope of what they're capable of. Sometimes he gets it done. But when he says production may start next year, folks, that's giving himself, what, 20 months to just start production on something, let alone when it becomes a reality of things. We have a shot of being in production of version one of Optimus, hopefully next year. They have a shot of it, folks. Well, they have a shot at doing anything. And Elon Musk, he really does have a shot of doing anything to his credit, must claim that Optimus will eventually be able to do anything that humans don't want to do. Well, I agree with that. Eventually, it's not a matter of if, but when, technology will be able to replicate human interactions. But what if it's 10,000 years from right now? I'm exaggerating, but you get the point. Eventually is quite a term. Nonetheless, we'll jump over to Tesla. We'll jump around some of the other equities we've got coming up. We've got a holiday week next week. We've got bank earnings. We've got CPI next week. We've got a lot to talk about, folks. Stay tuned, be right back. 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. 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That'd be a nice nightclub for $1.1 billion. Nonetheless, pretty cool. They get it launched. We jump over to Tesla, TSLA, and you're down with the market about six points, man. This thing has had quite a run from the March 15th lows in the market from 7.65 up to 11.50. If you're looking for an entry in Tesla, maybe it backs down a bit. You're 3.82, about 9.77 on the chart of Tesla. All right, let's jump around to what else I have going on up here. Let's see. We're kind of in a little bit of a lull right now in terms of coming for bank earnings. We're really gonna accelerate things next week. As we kick things off, we get CPI data on Tuesday. Okay, so let's go over what we'll get next week. April 12th, Tuesday, 8.30 in the morning, we get CPI data. That's gonna be a big one, folks. Put it on your calendar, expectations, I believe 8.4% for the headline number. Video game numbers, as our man Kevin Hinks talked about. We'll see what the market reacts to. My expectation is, at this point, everybody knows inflation is bonkers, man. And the energy component is well known as well. So I imagine my expectations are really gonna be looking for the core number because there will be the ability to explain away the energy component of the CPI data, but if everything else is still rocking, you're gonna see the market react if anything is outside of the expectation. The risk almost seems like, and it's not gonna happen this time, folks. That's not my expectation, but there's so much sentiment that inflation is out of control in the market right now. It is so well known that the Fed is gonna bring it. They're gonna bring it hard. We've heard the Fed speak this week. We've seen the way the 10-year has reacted. The job economy is super strong. The deviation, I imagine, could be that we get inflation less of a factor than the market is maybe expecting. All right, it's just my bias. There's obviously the possibility inflation runs hot, man, but if you run hot, you're gonna be talking about pushing 10, 11, 12%, or something like that. That's a harder risk for me to see than maybe the number coming in a little bit softer. But nonetheless, I don't think it's happening this time. Keep your eye out for the CPI data as we come maybe two, three months into the future. We're gonna start dealing with comps that aren't as easy to push out as inflation really started ramping up towards the end of 2021. It's only April right now, okay?  Many analysts had no expectations inflation were where they're gonna be because you didn't have those types of numbers. End of 2021, it was already ramping up in pretty dramatic fashion. When we start coming into the second half of this year and those comps that were coming against on a yearly basis are less severe, especially as we go into 2023, but even later this year, it's gonna become much more important to see how those numbers shake out when we're comping against already high numbers because man, if inflation is still running hot at the end of this year and the job market is still considered strong by the Fed, watch out for those rate hikes, folks. All right, speaking of rate hikes, let me pull up what we got here because Sri Lanka, boy, they just jack things up in pretty dramatic fashion, folks. This article out this morning, Sri Lanka. They raised the rate by not 25 basis points, not 50 basis points, 700 basis points. Lending from 7.5% to 14.5% overnight. Just like that. Way above the median estimate of 8.5%. Yeah, I would say so. Now they are dealing with some crazy inflation, man. I was talking, I was reading a couple articles on Sri Lanka this morning because they were talking about this on Bloomberg. This one is out last night, okay? Double digit inflation seen lasting through early 2023. The pace of price growth is seen easing to 12% in the first quarter of 2023 and slowing to 9.7% level for the full year. Growth forecast cut by 50 basis points to 2.8% in 2022 and by 80 basis points to 3.5% the subsequent year. Unemployment likely increased to 5.6%.  The pink is in the previous survey. The black is in the current survey. That's economists raising inflation outlooks. Folks, this quarter, 19.7%, 19.7% up from 11.8%. Next quarter, 20.1%. Next quarter, 13.8%. We'll see how their rate hike goes from 14.5, man. But we're not the only ones dealing with inflation right now. Interesting to see how these central banks are handling it. Thankfully, seems like the Fed's not gonna have to be as dire as the central bank is in Sri Lanka. But 700 basis points, man. They are really worried over there. And yeah, if the US right now was looking for potentially seeing inflation next year being 9.7%, we would be doing more than 50 basis points right now, especially with the economy being as strong as it is. Okay, let's see what else we got pulled up here. Yeah, look at this article, right? Talking about, I think I got it up right here as well. We got global inflation talking about food prices. I mean, amazing, right? If you're a writer, of course you could just write in. Let's see, I think about inflation. Food prices jumped the most on record as war spots supply chaos. The UN gauge of world food costs climbed to a fresh record in March. Global food prices are surging at the fastest pace ever. Getting into the numbers here, 13% last month. There you go, folks. Food prices already surging before the conflict started to a record, UN index of world costs soaring another 13% last month. Global food prices jumped most ever in March to a new record. I mean, look at that jump, man. It's crazy on a monthly basis. And folks, we're very fortunate in America. And that's where they get into here. The food price rally has felt most in poor countries where groceries make up a large share of consumer budgets and the fallout from Washington Invasion has sent costs of basic food like bread soaring. We have some problems here, folks, but nothing compared to what's happened in some of these countries. Global prices has jumped 75% since mid-2020, eclipsing levels seen in 2008 and 2011 that contributed to global food crisis. Supply outlook, raise the outlook for global grain stockpiles, usually a good sign for supplies, but said most of that is due to stranded grain in the Black Sea region. Ukraine's exports will be particularly hard hit from the war with wheat falling 5 million tons in corn down 12 point million tons from a previous estimate. Yeah, it's a remarkable one out there. When you look at those numbers though, and you just check out that graph, I mean, even in March, things are jacking up that hard. I mean, we know, right, to expand this chart, we know that they've been rising for, and look at where it is, right? It's 2021, late part of 2021 coming into 2022, but boy, that is quite a spike in March. And hopefully that's not an ominous sign of things to come. All right, folks, stay tuned. We got the market opening up in about three minutes. We got the S&Ps right now. We've traded lower since about 7.30 this morning, folks. We just gave up a quick, what is that, 25 S&P points since 7.30? We gave up a quick 30 points from the highs we had pre-market. You're only negative by six points right now, but a little bit of a dicey area as if you don't hold here, right? You're below where we were pre-market. And if you don't hold here, we're right at where we were pre-market yesterday. Maybe we were heading lower, folks, stay tuned. 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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. I got the S&Ps right now opening up basically where we were pre-market. You're negative by five points. You're basically right where you were pre-market lows. You're right where we were coming into 7 a.m. yesterday. We trade below this price level. We'll see where we bounce, 44.90 right now. And as I mentioned, I find out this morning that we got a short week lesson next week, folks. Good Friday, market closed for Good Friday on next Friday, April 15th. So we got four days next week, and they're gonna be an action-packed four days. I mentioned we get CPI on Tuesday. We also get a plethora of companies coming out with numbers, earnings calendars packed. We get Goldman Sachs, JPMorgan, UnitedHealth, Bed Bath & Beyond, CarMax, Citigroup, Delta, Morgan Stanley, Rite Aid. Rite Aid might be going out of business. We talked about them yesterday. US Bank Corp. and Wells Fargo, amongst some others I'm sure, but banks kick it off next week, man. We got four days, and we get the CPI data 8.30 a.m. on Tuesday. The other thing we have going on there, we get PPI on Wednesday, and then we get some numbers on Thursday, man. We get initial and continuing jobless claims, as we always do. We get some retail sales data. We get inventories. We get import price index. People come out as well. And then you got the University of Michigan releasing its consumer sentiment index for April and a five-year inflation expectation. Then we all get to go hang out with our family for Good Friday, market closed on Friday, April 15th, ahead of Easter Sunday. Okay, jumping back to Tesla real quick, I had talked about that I wouldn't believe Mr. Elon Musk. And the end of this article made some great points that I just happened to catch as I was jumping through some of the articles I pulled up here. Musk is known for his showmanship in which he announces that Tesla is working on exciting projects scheduled for years into the future to energize backers, including employees, customers, and investors. Often product launches do not happen on the timeline predicted. That's very general. I'll jump to something a little bit more specific. So this is all talking about that. He said that Tesla may start producing their Optimus humanoid next year. For instance, on Autonomous Day, an event in April of 2019, three years ago, Musk said that Tesla would have one million autonomous robo-taxis on the road in 2020. Now imagine what a lie that was, knowing where we are today three years later and how it's nowhere near something that is possible. Okay, he knew that at that time. Keep that in mind when you hear these things, because it's exciting stuff. He's a very charismatic man that when he speaks, people listen. It's important to know what he said in the past because that's a straight-out lie, folks. There's no way somebody as brilliant as Elon Musk really thought that they were gonna have a million self-driving robo-taxis on the road in 2020 at a time of April and 2019 when he is so far from that goal right now. Yeah, they say more than that nonetheless. We've been harping on Elon this week, but he deserves a lot of it, man. I've been saying, I was talking to people last night, it's unfortunate that he's not getting more press for what he did with not filing that regulatory filings. People really were hurt that were selling. I mean, let's go over it again one more time, folks, because you should be telling people about it. People should be aware of it. Regulations need to be changed. This is what happened when the world found out that Elon Musk had a 9.2% stake in Tesla. He was well aware that he was gonna get a pop in, excuse me, for Twitter. He was well aware he was gonna get a pop in those shares the moment that the public discovered that he had a substantial position in Twitter. He knows his fan clubs. He knows what happens. He knows what's happened any time that he has talked about Dogecoin, et cetera, okay? So he crossed the threshold of 5% on March 14th. He should have filed the regulatory filing 10 days later on March 24th. 11 days after that, 11 days late on April 4th, he files the regulatory filing that he's amassed a 9.2% stake in Tesla. So basically anything that he purchased past March 24th, if I was somebody that sold Twitter shares on March 25th, 26th, March 25th, 28th, 9th, 30th, 31st, or April 1st, I would be suing Elon Musk. I don't know if they have a case, but I would because he had inside information. It was supposed to be disclosed on March 24th. He had inside information that he had amassed a 5% stake that was supposed to be released to the public. He traded off that information and continued buying, I think over 10 million shares over these days alone and you get that pop and basically he makes $150 million on it and who's he take that money from folks? He took it from the money that people sold to him, okay? It's not theoretical money. That theoretical profit that Elon made and it's not theoretical, it's actual profit that he has right now marked to market should have been somebody else's profit. He took it from the people that sold it from him and he knew at the time that he was gonna have to release that information, all right? There's a lot more to this story as in who was doing the buying for Elon Musk? They should have known that. Now I can imagine Elon could have said, hey, screw that man, I'm not filing it. It's my problem, I'll deal with it, I don't care.  I always tell him to go screw on Twitter among any other things, but it's a bummer. More people should be talking about because he basically stole $150 million from the people that he bought Tesla from on inside information. Meanwhile, he's gonna get a slap on the wrist. If the richest person in the world doesn't need to follow financial regulations in the interest of average retail traders, then what is the point of them at all, all right? Okay, we'll get off our Elon kick. Let's check out Tesla one more time though as they come off the Gigafactory launch. Down 2% right now, 1036, but you've had quite a pop recently. All right, let's jump down the line and see what else I had pulled up here. So we've talked about Sri Lanka. Let's close that one out. We've talked about the global inflation. We talked about the holiday that we have coming up on April 12th, excuse me, April 14th. We do have CPI data coming out Tuesday, April 12th. What else do we have pulled up here? Yeah, that one's up for that side. All right, let's jump around. This is the one I wanted to talk about, perfect. So this is an opinion piece over at Bloomberg, okay? Now I've read a lot of this guy's pieces. I'm somewhat familiar just because he's an opinion writer at Bloomberg. No real personal opinion on him whether he's right or not, but he makes some interesting points here. Sean Authors, okay? I guess he was, they talk about his buy over here. He's now with Bloomberg, spent 29 years with the Financial Times where he was head of the Lex column and chief markets commentator. Now, what he's talking about is here, what you're expecting from earnings won't happen with a war on and interest rates rising. You'd think the profit outlook for companies in 2022 would be worsening, that's not happening. It's that time again, I just mentioned the companies that we have coming into earning season. Now, check it out though. He talks about maybe there's gonna be a hurt on earnings folks. That's what the big worry is, right? We might have our recessionary tendencies. We might have consumer demand waiting. We might have supply chain issues driving up costs. We have wage issues driving up costs, let alone just inflationary tendencies causing problems and supply chain bottlenecks across the board. But guess what? It hasn't happened yet. Bloomberg's best earnings estimate for the S&P 500 for the whole of this year has risen since January 1st. That does not happen often. Over the last 10 years, estimates for the complete 12 months have fallen seven times by this stage. The two years before this one saw that rises could both be attributed to exceptional circumstances. All right, we'll get into it a little bit more. But check out this chart, okay? In terms of previous years of where we are 2020, quite a fall off. We'll talk about a little bit more when we get back, folks. Stay tuned. We'll be right back in three minutes. 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That's TFNN.com, then hit Watch Tiger TV. Welcome back, folks. We've got markets trading lower right now. You're looking at an S&P accelerating. We're down 20 points right now, and you're down 20 points, man, but you're down 20 points. You're really down almost 40 points from where we were trading at 7.30 in the morning as you had the markets in higher territory, quite a sell-off on the open. And as I stated, man, you go below where we were. That was a critical area. You were at the lows we had pre-market. You were also at the highs we had at 7 a.m. yesterday. Those correlated to the highs you had from the Fed minutes on Wednesday. We just blew through that area. You're probably on your way to 44.56, folks. That's correlating to basically an area that we had chopped around the lows on Wednesday, also somewhat near the area that we had lows yesterday, 44.56 to 44.50. Not much in the way right now of this market may be reaching those lows, Nasdaq 100 accelerating. We're already almost at those lows in the Nasdaq 100, right? Nasdaq 100. I think we just got below the lows on Wednesday. We have a low of Wednesday at 14,394. We sure did. 14,317 is the low yesterday. Nasdaq 100 just traded off 200 points in the last two hours from 7.30 this morning. Bitcoin trading lower as well, 42,895. We got crude up 43 cents. You get the gold contract up $4 right now. We jumped to notes and bonds, sitting at about 2.71% the yield on the 10 year. So jumping back to that story, talking about earnings. Again, an opinion piece at Bloomberg, take it for what it's worth, all right? But some interesting tidbits here. Talking about earnings. And Jimmy, you make a great point. In the tiger stand, Q1 earnings, minimal impact. It will be the outlooks that sour. And these are just estimates, folks. Things are gonna change, okay? It is so difficult for these analysts. They're missing things left and right. And it's gotta be this, just very, very difficult because there's so much up in the air. This is not like statistical modeling that you learn, I'm sure, when you're becoming an analyst because we're in a state of an economy like we've almost never seen before. Now, here's what they talk about in this article, okay? And I mentioned this is expected 2020 earnings rose in the first quarter. Outside exceptional years like 2021 and 2018. 2021 is in the blue here. We're coming out of COVID. That was a big revision, all right? 2018, that was a good year as well. Strong numbers. The purple is 2020 when things dove off a cliff from February to March. And then the white chart is where we are right now, S&P 500 best EPS. This is the first quarter. Okay, now, what they go on to say is, let me get this exact cause I was going through here. And that was, 2018 was the Trump tax reform, cutting capital gains, but also corporate, excuse me, cutting corporate taxes. That just boosted earnings cause it was just given those companies more money than they had previously. So this would seem like a worse year on average. We're speaking about 2022, right? For earnings. This would seem like it's gonna be a worse year on average, everything going on from inflation to supply chain shortages, the whole kitten caboodle, perhaps more surprising earnings estimates for the FTSE in Euro first 300, covering the companies based in a continent where wars broken out have risen even more. So when you look at Europe, okay, they're rising even more in Europe. White is here, look at that rise, only competing with 2021, okay. 2020 is your purple drop off, but look at the other years in here that we had some negative action going from 100 to revisions, okay. Now, here's where it gets interesting though. As you say, it might be a relief that at least the estimates for the first quarter itself have come down. Wait a second, we just talked about the year that they're going up, but they've come down? They have, even if we include energy stocks, okay. Here are your sectoral estimates from fact set research systems show that brokers estimates for profits dropped by 0.7% over this three months. All right, energy through the roof, but industrials down 11.4%, consumer discretionary down 10.8, communication services down 6.3 if you can see that. I know it's a little small and blow blurry. Financials down 3.8, consumer staples down 3.5. This is Q1. Well, wait a second, if we're talking about decreases in Q1 and we have basically earnings rising so far on a yearly basis, then that must mean that they think they're going to go up. Let me get this right. So this can only be reconciled if Wall Street has somehow grown much more optimistic for the last three quarters of 2022. Despite the horrors at the start of the year and that's exactly what's happening. Fourth quarter estimates have gained almost 4% since the turn of the year. So here's your Q1 number. Let me try and size that up a bit, a 0.7% number. But guess what? 1.6% is the estimate in Q2. Well, 2.4% rise is the estimate in Q3 and almost a 3.9% rise is the estimate in Q4. Not many people would realize that's what's happening right now. What on earth is going on? It's a legitimate question. How is that happening? Well, you got one member out there saying a former cell site equinellas has a plausible explanation. Full year numbers, the most complete, let me back this out to get the full. Full year numbers, the most complete figures, a company publishes annually, tend to be very important inputs for earnings models. That's putting it lightly, right? They can only be plugged into spreadsheets once they're available, sometimes in the first quarter though. That explains the rise in full year estimates. Then there's some good old fashioned earnings management by the process by which brokers always produce estimates that the companies they follow can beat. Manage your expectations and enjoy a pop of the share price on the back of it. Anyway, take it for what it's worth. Earnings are gonna drive everything. We're gonna kick things off next week. Interesting though, to see how those are shaking out. Not exactly what I would have thought was happening. Just intuitively with everything going on, but nonetheless. All right, let's jump to the masters. Did he catch on any of the masters yesterday? I was able to get a little bit of Tiger in the workday. Watched him put on 18 to save par and finish the day at minus 10. Pretty cool. Excuse me. At minus one, there he is, tied for 10th place. Amazing, folks. What he is doing when you think about where he was. About a year and a half ago, a little bit longer than that. Just his leg shattered. He was in the hospital for three weeks. He was in the hospital bed at home for three weeks. That's a month and a half in a hospital, man. You know you're dealing with some issues to come back and be so competitive. And then you gotta add on top of it, folks, because people seem to forget the back trouble he's had. I've had some back issues in my past. I've never had fusion surgery. Thank goodness, okay? But boy, from what I read about it, obviously your mobility is gonna be impacted when you have two different portions of your spine fused together, okay? You used to be able to independently rotate them. Now they're fused together. I think it was never before had somebody on the PGA had a spinal fusion and come back to either win a tournament or win a major. I can't remember which one it was. Tiger already did it. And nonetheless, he's in the top 10 for the first day. Hopefully he has a good day today as well. Hopefully we can see some good golf, man. Masters can't beat it. It would be nice to see Tiger around as well. Here's what else I'll say. I'm learning a lot about it. This gentleman here, Scotty Schaeffler, if you're unfamiliar with him, folks, he's the number one golfer in the world at 25. Haven't even heard of him. I'm not a huge golf fan. I love golf, but I just don't have the time to watch it. I love watching the majors. Even then, you could call me a fair weather fan, right? I tune in for the majors, all that stuff. This gentleman, 25 years old, has won three times out of five this year, just became the number one golfer last week. Who even knows this guy? Congrats to him, man, quite an achievement. And he's doing well at the Masters. But boy, it kind of speaks to the publicity of golf without Tiger at the top. You got a number one golfer, man, that not many have even heard of, but he's on the charge. Stay tuned, folks. We're back to finish up the show. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority in technical market analysis. And it's not just dry tedious text either. TFNN airs live financial content streamed live on tfnn.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices.  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.  The Target First Mortgage Program may be the program for you. The best rate on a five-year CD in the country right now according to bankrate.com is paying 1% per year or $1,000 per a $100,000 invested. The Target First Mortgage Program pays 7% per year, paid monthly on secured, high-value, billable properties in St. Petersburg, Florida. The investment is for four years, paying 7% per year or $7,000 per a $100,000 invested. Your investment is secured by high-value real estate in St. Petersburg, Florida. Your investment can be anywhere from $100,000 to $500,000. Do you want to make $1,000 per year on $100,000 invested or $7,000 per year on a secured, Target First Mortgage? The Target First Mortgage Program may be just the program for you. The Target First Mortgage Program pays 7% per year, paid monthly. For more information, you can call<PHONE_NUMBER>. That's<PHONE_NUMBER>. 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. ["Think or Swim"] Welcome back, folks. Markets continuing to sell off right now. You got the S&P's down to $44.70. As I said, maybe $44.56. We're only about 15 points from that price level. Coming down right to the lows we had yesterday, you back things up. When you look at the lows we had for Fed Minutes, you're right back to that same area. We're right back to about $44.60. NASDAQ 100, down even 200 points right now. You're within about 17 points of the lows we had yesterday, $14,332.  Kick things off. Amazon down 1.5% right now. You're trading almost $50 low for Amazon's shares to 3104. Apple shares down 1.4%. Look at that drop off, man. Watch out. Microsoft shares down 1.3% right now. Google shares down 1.2% right now. We jump back to Tesla. Tesla shares down 2.5% right now as well. And I did find a little bit of video talking about the Tesla. This is Tesla Raj. Not familiar. He's got 41,000 subscribers out there. I'm sure he talks about Tesla a lot. And he's had a few visuals up there. Just to give you a peek, because it was pretty interesting as I was seeing it. When I talk about nightclub-esque, right? Look at the lighting they got in here in this gigafactory as they bring everybody in, walk people through it. Pretty cool action in terms of that gigafactory. Let me up that in terms of getting, nah, that's the most they're doing is 720. But you can kind of get a feel for it. And then you add the man Elon Musk up there himself in the cowboy hat and the whole deal. The stage pretty cool when you look at where they are. 1.1 billion, billion with a B. Yeah, check out that stage. There you go. So I could see that as a nightclub. Get that performer up there. But the one and only performer last night, Elon Musk. And yeah, they're standing in the den. Listen, I'm talking about Elon. I'm talking about the things he's putting out there. I'm talking about the humanoids. No doubt about it, folks. He has delivered for his investors. That is all that matters. The reason why I pointed out is because he's so charismatic that people want to believe what he says. It's also important to not believe what he says, though, and start thinking you can trade off some of the things he says because that's where things differ dramatically. Those humanoids ain't coming next year, folks, just like a million autonomous taxis were not coming in 2020. Tiesto, get him up there, Pete. Let's go. I saw Tiesto a couple of times. Saw him with my dad at an amazing show in Georgia. Was it? I'll have to think of the name of it. Good old Tiesto. All right, folks. Thanks so much for starting your Friday off with me. Stay tuned. We got our man Basil coming up next. Live programming all day, folks. It's Friday coming into a shortened week next week, and earnings kick it off next week as well. Stay tuned for Basil, folks. Have a great Friday.


Line 3, 2 by alphas. Line 4, 1 by Delta. Line 5. Line 2, it's going to be orange 2 on 149.525. Call sign Brutal 02. It's a line 8, 1 by Alpha, 1 by Echo.


I would say creativity is key. I can always find examples that tie to the subjects that I'm teaching. In my research methods class, I started the quarter by introducing empirical studies. Empirical research methods in this country is really based on some sort of tradition that we need to have data collection, we need to have data analysis and of course then at the very beginning of your project you need to have a research question, a hypothesis. Now look at Samuel Morton's work in crania americana. So Morton was the person who have a huge collection of human skulls.  We are talking about data categorization right, certain things group under certain things and we analyze we see the final project. Now what we do think about this and empirical method is it sound? Most students will say that it is sound because it's followed all the procedures but what are the implications here, what are the ethical implications here and Morton's research methods give us the foundation of today's empirical studies. So then in many ways looking at all those daily lives experiences that we have as a researcher and how we're going through reviewing journal articles that is a way to balance that theory and practice. Yes we learn about theory but what are we practicing in our daily lives? Are we answering the question? How will we make the assumptions that and another comment from an editorial board members? I cannot find enough people of color who have expertise to write about these subjects. It sends the messages to me that maybe the authors of color are not saying the things that you want to hear. So in many ways this sort of engagement is self-reflexivity is the fundamental steps for social justice work. I think what is really satisfactory to me is that I'm able to make students feel uncomfortable in my classroom. When they get emotional it is awesome. When they cry I'm like I've done what I can. To them it is a whole new learning experience and to them it is something to take away that they are being able to think about in the future when I see cases like this when I see cases like this I'm able to do something. Most of the time people would say to me what are you doing in your classes you're just talking about examples and having all these like tiny little things. Now for many of my students and especially in among the students on this campus where we're talking about 75 percent of them who are whites to be able to spend that 20 minutes in class and get grilled they like the experience they think that it is really really worthy to be able to feel part of their lives of how minority are feeling in this country and I think that that is very rewarding to them to be able to engage in education that they not only read the text but they are able to emotionally engage in the lessons that they are learning to the students and I think that one of the important things in the learning is not just reading text and engaging in discussion is this emotional growth that is triggered by and powered by emotions where they feel like I do not need to know what and how I'm going to say I do not need to know the appropriate way of saying this but when I see a person treating another person less I am going to step in and be one of the person who participate in that conversation and change the situation. I would say I would never underestimate a spark that can burn down the entire building it is all those tiny efforts that matter so then at the end of the course I like to ask my students how many people do you think I am and my students will look at me like I'm like no just give me a quick answer how many people do you think I am and then they will be like looking at each other I say wow am I just one person have I affected you have I taught you something valuable that you think that you can move forward and make a change well a majority of the class say yes so how many people am I the answer is you are infinity and I think that that is the valuable part of being in a classroom spending time with my students learning from them and that is the most rewarding part in my job when at the end of the day I can go home and say that oh by the time I've spoken all about these issues and get so emotional with my students in the class I can go back and snore in my bed and as anyone who cannot sleep at night would agree that a good night sleep is better than none and I am able to go to my bed and close my eyes and say I have another day to look forward to


Hey guys, Thundee here and the brand new iPhone 11 Pro Max is finally here. So let's see how it stacks against the Galaxy Note 10 Plus. Let's not waste any time, let's find out. So Apple's iPhone 11 Pro Max is finally here. It's the latest iPhone device. It's now called a Pro because Apple feels like this line is more pro user in mind and there's an 11 Pro and 11 Pro Max but we're looking at the 11 Pro Max because how does it stack against the Galaxy Note 10 Plus? That of course is the Pro device and that device we know has a lot of features but let's look at the 11 Pro Max first. It comes in four new colors, so all this gold, there's a new space gray, there's a white and that's that midnight green which I do like that color. So let me know what you think about the colors because I'm leaning towards midnight green, might pick something else. In terms of storage, we're looking at 64GB, yes, 256 and then 512, so Apple is still keeping the same scheme if you will. Its price starts at 10,099 for 64GB that doesn't stack up well because the Galaxy Note 10 Plus at 1099 is basically 256GB of storage. Well let's look at the display. The iPhone 11 Pro Max has a 6.5 inch display, it's called a Super Retina XDR display. The reason for this new name is because it's got a bunch of new features. There's HDR10 support, there is also Dolby Vision support on this. This display has a huge contrast ratio of 2 minutes to 1. It's also got Max brightness in terms of nits at 1200, regular at 800, so that's pretty high. The Galaxy Note 10 Plus display is vibrant, I think the Max needs about 1000 to 1100, I could be wrong, but it's a super bright display so both displays have nice brightness, colors, the things you're looking for in a display that you'd love to see. Now when we move to the back of the device, that's where of course you see the camera hump, a new camera hump, I'm using of course a dummy model here in this video, but what you do have is a triple camera setup. First time iPhone has gone to that, the Galaxy Note 10 Plus has always had a triple camera setup and that's something new for Apple. This time they have 12 megapixel cameras across the board, there is a wide angle camera which is the main camera at 12 megapixels f1.8, the ultra wide is field of view 120 with also f-stop of 2.4 and there's a telephoto with f-stop of 2.0 and it's also 12 megapixels. The Galaxy Note 10 Plus has a triple camera setup, 212 megapixels, 116, the 16 megapixel is that ultra wide, 120 degree I believe, field of view. I think takes lovely photos, pictures, I'm going to do of course, we'll do our camera video of course on the iPhone 11 Pro Max to see what it actually brings to the table. Now that we have a new found camera bump on the iPhone 11 Pro Max, I've got a few cases from my good friends at Spigen that I really like. The first one is a liquid crystal case. What I like about it, it's flush, it basically balances out with the raised edge of that camera bump and of course you've got protection all around, this of course is a see-through case so you get to see the colors of your iPhone 11 Pro Max. Now the next case here is the rugged armor which is a case that I love to use, it's got that tough feel, TPU feel all around, nice protection on your iPhone 11 Pro Max, you've got that center cut out to show you the new iPhone logo, of course we're using our dummy version here but you get the idea of how this fits with your iPhone 11 Pro Max and this should go a long way. But the camera on the iPhone 11 Pro Max is packed with a ton of features, all three cameras can record 4K 60 and Apple says your camera images will still look the same across the board which is pretty nice, we'll see how that stacks up, it's got a night mode similar to the Galaxy Note 10 Plus except the Note 10 Plus night mode is something that you can switch to, this is automatic on the iPhone 11 Pro Max, when it gets dark enough it will switch over to night mode for you. So we'll see how that pans out with these photos but there's this new next generation smart HDR to give you better photos and apps like FilmWhip Pro allows you to record with all four cameras on the device, three at the back and one in the front in 4K 60, yes the front facing camera now records a 4K 60, it's also a 12 megapixel camera and that camera allows you to record slow motion, so get ready for slow fives, I guess slow motion selfies is what Apple is calling it, slow fives on Instagram is going to happen because now you can record slow mode with the front facing camera but that's pretty nice. Now this cinematic stabilization that does 4K 1080p 720 we'll see how that stacks up to steady shots or super steady from Samsung, if that's better or worse we don't know but we'll see how they all pan out but it's exciting to see Apple is continuing this camera foundation, there's also easy ways to transition between each camera lens and it does have zoom in mic audio similar to what we have in the Galaxy Note 10 Plus. Now in terms of audio itself it does have spatial audio now included as well as Adobe Atmos and they are stereo speakers set up so we're going to see something different from Apple this time in the audio space, so it's 18 for that speaker test. Now other things you see in this device it's IP68 rated so we have that, it's called wireless charging as you would expect, we know your information if this is faster or fast wireless charging so I take it as it's being the same while Samsung has fast wireless charging up to 15 watts, so mind you 15 watts because Apple's wired charging is 18 watts and that 18 watts wired charging is we will be compared to what we find with the Galaxy Note 10 Plus at 25 watts so check out my charging speed test on the Galaxy Note 10 Plus, you'd be surprised, 68 minutes, pretty fast, we don't know idea what the battery is on the iPhone 11 Pro Max but we do know that it would have 5 hours more battery life on this new battery size, let's see what it is, it uses a lightning port so that hasn't changed at all. Now on the Galaxy Note 10 Plus just a few things to mention, we know it does have a lovely display, that display on the Note 10 Plus is a 2K display, the display on the iPhone 11 Pro Max is not, the display resolution is 2688x1242, again Apple has display measurements as you already expect, it's a vibrant display on the Note 10 Plus, it has a triple camera setup powered by the Snapdragon 855 processor, we have up to 12 gigs of RAM and it starts at 256 gigabytes of storage, it does not do 64 gigabytes so that's a huge plus, we also do have wireless charging, we have reverse wireless charging and that wireless charging is fast wireless charging at 15 watts, the charging there is a 25 watt charger, you can get a 45 watt on the Galaxy Note 10 Plus and we have a 4200 milliamp battery. Now all that being said the extra feature we do have on the Galaxy Note 10 Plus is the S-Pen and the S-Pen has a ton of functionality that we know quite well, we've got the ability to write text that we can draw on our devices, we can also use the S-Pen for action is to navigate through the camera using it in a standing position or if you're trying to take video and photos from far away or with family or friends, it doesn't matter, so you have that built in there, something that's just very unique and interesting, plus you do have decks which is the ability to plug in your Galaxy Note 10 Plus to a display or laptop and turn it to a full desktop experience, again something the iPhone 11 Pro Max just doesn't have but I want to hear from you guys what kind of videos we like to see once I get my hands on the iPhone 11 Pro Max. I'm going to be doing a gaming video, I'll be doing a speaker test for you guys to see, also we're doing a charging test as well, I might do a battery drain test, that's something I've never done but if that's something you guys want to see I'll try and do that for you as well, I might also do a test between the 18 watt charger and the 15 watt wireless charger on the Galaxy Note 10 Plus, see how both of those do stack up, it's very different, very interesting, but leave your thoughts down below and what do you think of this brand new iPhone, do you like the iPhone 11 Pro, do you like all the features it brings to the table, is there anything new or is it just a catch up from Apple as we usually see on the year of the basis, leave your thoughts down below, don't forget to like, share, subscribe and check out those speaking cases down below if you want to pick them up because you're going to be needing cases for your iPhone 11 Pro.