In this presentation, we're going to talk about valuation of business entities when there's going to be an external expansion, in other words, a merger or consolidation. Get ready to act because it's time to account with advanced financial accounting. We'll continue on with our discussion of external expansion. That means we'll have two separate entities that are going to be combining in some way, shape or form. The two types that we want to keep in mind at this point is the acquisition of assets and the acquisition of stocks. So if the acquisition of assets, we have one company acquired another assets using negotiation with management. So that means you have two separate entities and one entity is basically going to be purchasing the assets of the other entity versus the acquisition of stock. Where we have a majority of outstanding voting shares is generally required, unless other factors result in the gaining of control. So in other words, you have two entities, one entity in essence buying a controlling share or controlling ownership over 50%, typically 51 above of another entity. So from an accounting perspective, then the question is, well, how are we going to value the assets and liabilities? Now, when we think about the assets and liabilities, we may have to use an appraisal oftentimes in order to do so. Because remember, if you're talking about some assets, they may be on a fair value method because you might be talking about cash or something like that, or possibly stocks or investments in that way that may be easy to value with a market method. However, if you're talking about things like property, plant and equipment, then it's going to be more difficult to know what the value is. That's the problem because there hasn't been a market transaction for that exact same piece of equipment for some time. And therefore you're going to have to use some type of appraisal method for something like property, plant and equipment, typically. So if you think about this type of transaction, you're going to be saying, hey, well, there is some consideration happening between the two transactions. If you've got company A and company B, some negotiation between the two, then obviously there's going to be some kind of payment that happens.  I know in total then that the total value should be equivalent to whatever consideration generally is given. However, then of course, we got to think about how to put those individual assets on the books. How do we put the individual assets on the books? Well, typically we're going to have to go through the valuation. Now, normally, of course, if you have two companies that are going through this negotiation, they're going to have some type of valuation process happening. That's how they're going to determine what the negotiation or market price they come to is.  What is the value of these particular assets that we're going to have to put on the books for that process? So value of potential earnings, so multiple of current earnings and present value of future estimated net cash flows. So again, if you're thinking about a negotiation, if you're thinking about one company buying another company, then you're going to be thinking, well, whatever consideration, whatever payment, if it was just cash payment, like an easy type of transaction where they just paid cash and we know the value of cash, then you're thinking, well, whatever the cash payment was, then that's the total value you would think. But then we're going to have to break it out, like we said, to the individual assets and liabilities to put them on the books appropriately, which we would need a valuation for. And then we got to think, well, what if there is a payment made that was higher than basically even that net assets minus liabilities, even if we put the assets and liabilities at their fair value and then consideration was paid for that was over and above that amount. Well, then you would think that you would have something like we call like goodwill. And what is goodwill? I mean, if we were to value kind of think about what goodwill is, it could be some multiple of current earnings. It could be present value of the future estimated net cash flows. So what's the value of the potential earnings? And that's of course what's part of being the purchase price part of what's being purchased here is future earnings. Those are current payments happening for future earnings. There's a merger happening. One company in essence buying the assets or somehow this type of transaction is happening due to the fact that there is potential for the future earnings. How do we value that valuation of consideration exchange? So the consideration exchange, then you could think about like the payment. So if it was just obviously if it was just cash, if we were saying there's going to be this transaction and there was cash consideration given within the transaction. Well, that's pretty straightforward. Cash is cash. We can value cash, not a problem. If securities are used, then we have to think of, all right, well, what if they what if they gave stocks basically? Well, then if there's if they're traded on the market, if they have a market basis, well, we can value those because we know the market transactions there because they're being traded at any given time. And so we can get an estimate of that if they're not publicly traded stocks, however, then we're going to have to use some type of estimate to value those factors as well. So in other words, the consideration given the payment given typically might be cash. It might be the stocks. And and but it could be anything and it could be it could be assets, it could be property plants and equipment or whatever that's given within the exchange. Anything other than cash gets a little bit more confusing to value what the value of the consideration given was for the trade or the or the deal or the transaction that took place factors to consider. Buyer will generally will generally not want to assume responsibility for the new company's unrecorded liabilities contingent liabilities such as outstanding litigation. So if you're thinking about two companies that are coming together, obviously one of the consideration factors of the one company they might say hey look I really like this I like you know these assets that you have. What I really don't like is this contract that you have with these people that you know I don't think you can get out of something like that I don't like these contingent liabilities. I don't like the fact that you have this lawsuit hanging over hanging over your head that I really don't want to assume with it with regards to this merger process. And that's and that's part of the process where you got to consider what's going to be the merger format that you're going to set up so that you so that the the controlling company needs to take that into consideration. What's going to be the easiest process to do on the merger side of things or the or the consolidation side of things. And how can we do this consolidation if there's going to be large factors that you do not want to be to be taking on, then how can you that's going to influence of course how you might structure the consolidation. So tax considerations need to be taken into account as well. So obviously there could note that we no longer we're not thinking of a pooling type of method where there's where you don't have to to adjust the value of of the assets just transfer the book value over now we're talking to basically as an acquisition type of method. So so that means there's going to be a revaluation when there's going to be a revaluation, then you could have to recognize gains and losses. And depending obviously the the buyer and seller in this case the seller and the buyer have conflicting desires for the for the tax implications in terms of the valuations of things. So from a market standpoint that's kind of good because now you can think well now there's going to be some market negotiation between this process which hopefully would result in a process. That would be in the middle somewhere more that you might consider a fair consideration in terms of the valuation with regards to this negotiation over over the tax treatment but tax obviously will will confuse the issue. And so you got to take the tax considering consideration into consideration when when thinking about this process as well acquired common stock is generally much easier in this regard to acquiring assets. So, in other words, if you do that the common stock acquisition, you're not doing this kind of like a negotiation for the individual type of assets where you where you are going to run into this conflict. More and more so again if you talk about if you're thinking about logistically to to, you know, controllers of two owners or controllers or management of organizations going line by line through assets and basically thinking about what's going to be the the appropriate price and how to value these things and so on and so forth. That could be a long process. The purchase of the of the common stock is generally going to going to be easier but of course again there's pros and cons to either method. So the pros and cons we're talking about acquiring assets so acquiring the assets versus the just purchasing of the stock what are the pros and cons. Well, if and again you're thinking about to this is where you're thinking about two companies, one company is basically buying the other one, and they're saying hey let's just go let's just go look at the assets and whatnot and see what an appropriate price would be to be purchasing out the assets. So pros will not take on the new company's contingent liabilities. So that's again huge factor because because oftentimes if you're looking at it and another company and say like this company would be doing great.  Well what you want to do then is take is pick out the stuff that they would be doing great with and remove that huge contingent liability that's causing them a problem so that's the acquiring of the assets could help with that method could be beneficial will not take on new company labor unions and other contracts and other things that the company you might be saying this company would be doing great. They got so many good things but this labor union is kind of something kind of dragging them down a bit or some other contract that they don't that could be you know cumbersome to the company. Then it might be the case for another company would say hey I'd love to you know pick up your assets. I think you're you know you'd be doing great here but you have these contracts that are out there that are that we see as as being something that's making you not profitable. Can we do this in some way shape or form so we could pick up the assets and not be picking up the those kind of obligations. So then we have the cons what are the problems with this well transfers that assets can be time consuming it could be a time consuming process because again you could you could think about these two companies. Sitting down to think about line by line you know value of the assets may be difficult or impossible to transfer contracts. So there may be some contracts that that you want to transfer their their value they're going to be an asset possibly intangible assets that one company has and you and you there might just be no way that if you're another company acquiring the assets. They might not be able to assign the the rights the good contracts the contracts that they want over to another company because the contract might say hey we got it we've got a contract with you. You can't just sell the rights of the contract that we have with you to this other company. And so that that could be a problem with just the acquiring of the assets whereas if you acquired the entire company then you still have the company there is basically a subsidiary and you would think then that the contracts that they then had for that company would still be valid. Now let's think about the other side of things so now if we go to the acquiring common stock so we're acquiring just the common stock as opposed to the assets of one company wants to buy the other one they're not going to go in and buy all the assets they're not just going to clean out the company. Instead they're going to actually buy the company creating a subsidiary type of relationship by buying a controlling interest 51% or more typically of the stock so the pros of that then are going to be that. We have the transfer is typically going to be easier so it's usually an easier process for the transfer because you're just basically going to be buying the common stock until you have the controlling interest. The contracts will transfer so again the good contracts the ones you want if you if you're buying the fact that they have these contracts that are that are long lasting contracts and you want to keep those contracts you want to keep that in place. And then if you if you actually purchased the entire company then those contracts should come with the company the cons however being I could take could take on contingent liabilities and labor union contracts. So the cons of course being that if they have those contingent liabilities they got lawsuits hanging over their heads you might be assuming those lawsuits and then if they have contracts that you don't want including labor union contracts which typically the company doesn't want. Then you may be taking on those as well and then I could take on facilities or units that are not wanted. So in other words we talked about the concept of a spin off before we were they where they said hey I want to concentrate on this particular thing this is the thing I want. And they basically spun off the assets that weren't weren't part of that well the same thing could be true when you're acquiring another country a company you might say they might be. You might be looking at another company and they've kind of made a conglomerate of themselves or something like that and you're saying hey look I like this your core unit I like that. But all this other stuff that you that you kind of expanded doesn't seem to us to fit in your your core your core unit of what we think you can do best and what aligns with us. So we would like to just purchase you know what your core factors and these other facilities aren't in alignment with us. Well if you're just picking and choosing the assets that you're pushing to purchase and you can do that more easily whereas if you're just purchasing the common stock you're going to get you're going to get everything. So if that were the case then of course you could think about purchasing the entire company and then doing a spin off or something like that. So that could be a workaround but again pros and cons to the methods that you would be choosing.


Doyle challenge. Look at that. There he is.  We just went on a walk. Well, hello, and welcome back to vlogtober day six. Today is laundry day. I have my laundry going back there. I just got home from work, so I only have a load in the wash right now, but I'll be switching that out soon. I would normally do it while I'm folding laundry, but I'm losing my light because it is October in Minnesota and it gets super dark super fast because it's like 646 and yeah, that's just how it goes. So anyways, I asked you guys for questions on my latest YouTube video, as well as some other social media places. So I'm not going to answer every single question because in this video would be like three hours long because so it's just a little intense. But I figured I would take three or four questions from different social medias and answer them. I don't know. So I just figured I would just do it and we'll see how it goes and if it's weird and editing, I'll just edit it. Huh. So the first question I'm gonna ask, I'm gonna ask YouTube questions is what I'm gonna do first. So first question it says, are you concerned with being a new hire already and missing two days of work? Or does your company allow for sick time slash days? Well, to be honest, I was sick. So there's really nothing that I could have done about it and to be completely honest, it was kind of flu-like symptoms. So if you want to just envision everything coming out of my body in different ways, I wasn't able to make the commute because of that and then also I'm pretty sure that they wouldn't have wanted me around. So I told them what was happening and what was going on and I'm like, I don't know if I ate something bad or if it's like flu-like things and I wasn't feverish and I didn't have sweats or anything like that and my body felt okay. So I didn't get like that aching feeling, but I definitely had flu-like things. So I had some sort of bug. I don't know what it was. But anyways, I'm not really concerned about it because to be honest, they wouldn't have wanted to be there anyway. They would have been like, get away. Don't infect the office. And when I got back, they were like, thank you for not coming in. Like literally everybody was like, thank you for not coming in and pushing it. I'm like, no problem. So no, I'm not really that concerned about it. And I was back for Thursday Friday and no one said anything besides thank you for not coming in and infecting the rest of us. So yeah. Okay, so let's take a look and see. Um, someone else asks, how did my folks meet? So my mom and dad actually met at a party and I think my dad had just gotten back from Vietnam and my mom was, I don't think she was living on campus, but she was going to the University of Minnesota at the time and funny story about that is my mom and dad met each other and my mom, I think she was like trying to wear contacts and it wasn't working. This is back in the day when like there was hard contacts, not like the nice soft contacts that I'm wearing today, and they didn't, I think if memory serves me right, she was having some issues with her eyes and she couldn't actually see him when she met him. So anyways, um, but yeah, that's how they met. So how they got from there to married is beyond me. I don't know. This is a really good question because today was a budget day. Someone asked, how do you think we will see the budget change from now on due to you no longer showing your income? Do you feel like you will get the same view slash feedback, etc. Um, so how it's changing is if you look back at yesterday's video, which is today's video because I upload these the next day, you will see exactly how it changed. Really, I'm still showing my outgo. So like all of my bills or different things that are happening in my month as to coming out of my budget, but I'm just not showing you my incoming and I've had several comments of it's illegal for a company to ask you not to share your income. Well, you know what, the way that it was phrased and I think this was like my bad of not explaining it properly to you guys is to like, I think, I think it's something that's effective like to maintain a, you know, positive work environment or something like, don't quote me verbatim, but like, this is something that it said, we frown upon sharing our income with other members of the staff. So to me that means I'm not gonna share my income anymore. Just that's, that's it. So regardless if it's illegal for them to ask me to do it or not, it doesn't matter. They didn't ask me to do it. It just says like, they suggest not to do it. And most companies will do that and it's pretty crass to talk about your income to begin with. This is just like a fun thing that I like to do on YouTube. YouTube does not financially support me whatsoever. I don't even take a profit off of my income, by the way, on YouTube. So bottom line, I'm not gonna share my income anymore. It's just gonna be the way it is, especially when I'm working at this new company. So, you know, I don't want to be like rude about it or anything, but if you don't like that, then you don't have to watch the budget videos and you don't have to watch any of my videos to be completely honest. Appreciate every single one of you, but if that's gonna really turn you off that badly, then maybe it's time to find somebody else that does the budgets in the way that you want them to do them. So, um, but I have to do what's right for me and I have to support myself and my household and all of that stuff too.  So it's just, it's just not gonna work out. So I just wanted to address that here and sorry if that's being kind of rude and disrespectful, but that I'm really holding back right now. So I hope you guys understand that. It's just, I understand the frustration, but I've gotta be authentic to me and that's the bottom line.  So I would be happy producing these videos if only one person watched or my mom just watched and that's okay too. So I just really want to stress that my channel is my channel and I want to do things that I want to do and I want to do things that I want to see. I love your feedback. However, I feel like some of the comments recently and it's not about the budgeting video. This is like other stuff. A lot of the comments recently, I mean most of them are good. Like the majority of the percentage are good and no one's nasty in the comments and all that. So that's amazing. So thank you guys if you comment. But I feel like some of them are super snarky nowadays and kind of rude. The way I like to view comments is if I wouldn't say to somebody's face, I would never think of typing it and I just find it kind of strange that someone would literally watch an entire like 20 or 30 minute video because they're referencing something at like minute 25 or whatever and then be mad that they watched the entire video. I'm like what what did you think was happening? Like fast forward it or click out. No one's forcing you to watch this stuff. I don't know. I just find it kind of hilarious to be completely honest and I see other people's videos because I watch a ton of YouTube. But I see other people's videos and people saying weird things like that. I'm like why didn't you just click out? Like I don't understand it. But anyway okay so that's gonna be it for the YouTube questions. Let's go on the Instagrams and do that. So let's see here. And I actually prepped a question. I don't normally do that but I did prep a question. So I'll do that question last because you know suspensin' all. All right so somebody says what's your favorite nail polish? If you're saying like a brand I would probably say Essie. I really like Essie. If you're talking about a color I would say like a mauve pink mauve nude color. I'm not wearing anything on my fingers right now. I gotta do that. And she also writes do you want kids? Absolutely not. And then also her last question is what would your advice be for a 22 year old financially? Be smart with your money and make good choices. Invest in your retirement now today. You're never gonna regret doing that. Get on a budget. Get on a budget. All right here's another funny question. This gal has a whole list of questions so I'm just gonna kind of like rapid fire it. When is your couch coming? It's actually coming on Thursday or Friday of next week so you guys will see it in the vlogs. And she said did your last major migraine happen when you were deciding to change jobs? And then she wrote stress plate apart question mark. Yes kind of and no kind of but more than anything yes. And she also writes if you ever found the man to marry would you want a prenup? And she says I have won no shame in my game. And then she also says Emily's hot mess society where can I join and do we get t-shirts? Um let's see if I found somebody to marry what I want to get a prenup I don't know. I think it would depend on the situation say if I had a net worth of like over a million dollars and the person that I decided to marry was in debt or something maybe. But like if I married somebody that had a ton of assets and ran several companies that were very successful and had partners and things like that I would almost want a prenup for me um because if this didn't work out I wouldn't want that individual to feel like I'm gonna take half of everything because it doesn't need to be like that. I don't know I would almost offer at that point because if you've got partners and other things involved like I don't uh that makes me uncomfortable but um I don't know the idea of marriage maybe someday I don't really know if I want to get married to be completely honest because I haven't found that so we'll see we'll see I'll let you guys know oh this is an easy question what are your thoughts looking back at your first plan with me videos um I think what the hell is my problem someone also asked do you have a specific skincare routine that you stick to your skin is beautiful well thank you but um no I need to get more into my skincare routine like at least my nightly routine um I've really been slacking and what I mean really been slacking like I've been slacking for like months and months and months and months and it's bad so I need to like get back into like doing masks and just doing a bunch other things so I I need to do that all right next question hey Emily and Doyle hey Doyle this question's for you you're gonna come over here do you guys see him right there that's his body right there hey come here buddy come here here he comes oh my gosh hi do she asks what is your Doyle's what's your favorite toy um I think it would have to be the newspaper but to be honest it's just really whatever floats his boat that day and then does do you slash does he have a favorite activity when you got when you two are being together basically this it's hard to see because it's like down low let's see let's see if we can get him on camera hold on let's let's tip it a little bar hi doodle oh my gosh this is his favorite activity this is it right here just just giving the pets giving the loves hi okay you can go now bye see you later don't smell your butt you're on camera get out of here the butt smeller is right there stinky butt another good question did I have any pets growing up no Doyle is the first animal I have ever had so here is my prepped question the question is since it's of October what was your favorite Halloween costume that you wore growing up and then jody from life's organized chaos says bonus points for including pictures so I've got some pictures all right so this is me probably circa kindergarten maybe here we go that is uh me and a unicorn outfit and that was my favorite one so there you go um all right so let's go to facebook real quick because my battery is dying I'll just answer a couple on facebook and then we're gonna close this bad boy out question what has been the biggest challenge changing jobs really just learning the computer system to be honest how is the couch hunt coming along it's going great because my sofa is getting delivered on either Thursday or Friday of next week so you guys will see that coming up soon any strange emails or encounters with your fans yes that's all I'll say about that all right this is what I'll stop with uh what is your advice for someone who's thinking about starting a youtube channel just do it just start filming um you're not gonna get a bunch of people that subscribe overnight you're not gonna get a bunch of people that comment overnight just be you be authentic to you do what you like to watch and also uh ask for suggestions if you want suggestions from your viewers and just be you just do it just start filming I look back I haven't looked back at my old stuff in a long long time but sometimes it comes up in my suggested feed which is weird but sometimes I see those video thumbnails and I just cringing oh my gosh but then I've learned so much so I don't really mind the progress and then you have like a digital time stamp of who you were and what you were doing at that point in your life so just do it just literally do it practice editing practice filming practice talking to a little black box in an empty room like I am right now and you know treating these people like they're your friends because you guys are my internet friends so just do it oh I almost forgot I have another question hold on I thought this was so funny all right the former mrs jones christie says what kind of shoes are you wearing right now as you answer this question I'm wearing no shoes right now what is your preferred everyday footwear tennis shoes because I like to be comfortable or just like flat like ballerina shoes from j crew she said do you wear shoes inside the house normally if so what kind not really and then I love asking random questions makes talk about things that you wouldn't otherwise haha very fun very very true fun fact I don't like having bare feet ever so I actually wear socks all the time and I know that's weird to a lot of you guys but I wear socks to sleep as well so fun fact about the feet thing and I just I don't like sandals um it just isn't my thing so Doyle and I are gonna go he hates being held obviously um but anyways I am gonna go thank you guys so much for watching the Q&A I will be doing another Q&A next Friday which will be up on next Saturday for you guys I hope you guys are enjoying the vlogs if you have any questions feel free to post them down below and I will get back to you guys and um yeah that's it I'm gonna I'm gonna give it a paw up give it a paw up if you liked it yeah and then um you guys can also subscribe if you want to um I will be vlogging every day in the month of October so come on back if you'd like all right you're gonna say goodbye to your friends you're gonna say bye to your friends well bye guys bye guys bye guys I'll see you later all right we'll see you later bye guys


The following is a presentation of TFNN. The Morning Markets Kickoff with your host, Tommy O'Brien. Good morning everybody. I'm Tommy O'Brien, coming to you live from TFNN Thursday morning just after 9 a.m. Eastern time. We got some fireworks. Speaking of July 4th to the downside, we got some fireworks with jobs added. ADP, private payroll is almost 500,000 jobs added to the market. We might have higher rates coming down if this economy stays as hot as it is. We get the markets right now down, approaching 1% on the S&Ps, negative by about 38 points right now. 44, 45 in the S&Ps, down about 0.8%. NASDAQ 100, we're down about 1.1%.  You're 240 points off of the highs we had early yesterday, NASDAQ 100 off just more than a percent.  You've got the S&P and the Dow off about 0.8%. You have the NASDAQ 100 and the Russell off about 1%. We jump over to Crude. Crude right now sitting at about 71.61. Let's jump to the dollar index before we jump around, because we're going to have some action in dollar. We're going to have some action in yield. Dollar index, we were at 103.45 about midnight last night. You make it all the way to 102 and change and boom, just like that. You get a stronger dollar. We got higher yields this morning. I jumped to the dollar first before we got to yields. You jump over to the yields. The 10-year dropping like a rock, man, and what are we at right now? We're going to jump to some of the yields conversation because it's going to be a wild one when, man, we get non-farm payrolls tomorrow, and we got the 10-year back above 4%, 4.04%. The yield on the 10-year, man, wild stuff happening in this market, right? You take a look at it on the daily, and yeah, you're right back to where you were in March, and on a price level, you're within a stone's throw of the actual lows that you had back there in October. A remarkable action as we got higher yields across the board with the 10-year above 4% right now. Back to a short-term timeframe. There's your drop, man, on that number. We dropped basically almost a full point, a little bit less than that, but you're talking about trading at 111.06 at 8 this morning, and you went down to 1.1012. So 6 ticks shy of a full point drop in the 10-year. Just like that, we jumped to the 30-year. You're down to full point and 4 ticks right now, 124.04%. You jump over to the gold contract. We got a stronger dollar with higher yields. That's going to push the gold contract lower. There's your drop from 1935 to 1912. We're at 1942 yesterday, and the price of gold, you jumped to silver right now, silver dropping as well, stronger dollar, right? Going to hurt the price of commodities as you got 22.96 on the price of silver right now, drops from about 23.40. And let's get into it, man. You talk about a jobs number, 500,000 jobs added. ADP report on payrolls show a broad increase in hiring in June. Initial jobless claims edged higher last week, but remain low. And yeah, ADP versus non-farm payrolls. That's going to be the conversation, man. It's going to be interesting to see the numbers that we get 8.30 AM tomorrow. Now, I was listening to Bloomberg earlier this morning. They're talking about this number a bit. And you have a couple of things going on here that's interesting. Number one, you have the Juneteenth holiday in June, okay? So in terms of seasonality, in terms of adjustments for how that plays out, it's a pretty new holiday. So they're not exactly sure how that impacts the hiring, the seasonality adjustments, et cetera. And it'd be interesting to see if ADP versus non-farm payrolls and how those get adjusted so you could see a little bit of a different. We've seen these vary before, okay, in terms of the divergence that you get sometimes from a big number posted on ADP prior to the non-farm payroll number. But the expectation was 225,000 jobs, folks. And we added more in leisure and hospitality alone than the whole number. Construction was at almost 100,000 trade transportation utilities. You see the numbers here at almost 100,000 education and health, 74 natural resources and mining at 69 on the decline. Professional in business, just off 5,000.  Every region but the south added jobs. What's going on in the south, man? Employment games are concentrated in firms with fewer than 250 employees, right? Small businesses, pretty remarkable. When you look at wages, okay, big numbers still. Workers who stayed in their jobs, 6.4% pay increase in June from a year ago. For those who changed, you're looking at about 11.2%. The slowest pace since 2001. That would be the one highlight for inflation here, that would. And I imagine these numbers are going to continue to decline because I wonder how many of those raises had already taken place, right? These are year-over-year numbers. But I wonder how many of those raises actually took place in June, right? Or took place in May, June. Versus getting a raise six months ago, I mean three months ago, to catch up with some of those prices that are rising higher, et cetera. Nonetheless, those numbers used to be at about 7% and 14%. So you're now talking about if you're changing jobs, the numbers all the way down to 11. And if you're staying 6.4, still some big numbers, man. You're adding 500,000. That is a big number to say the least. But the biggest number awaits tomorrow. Non-farm payrolls, 8.30 AM, put it on your calendar. But today's going to be an interesting one, man. The way we got yields moving right now, the way we got markets moving with the S&P off by 40 points, you might get a little bit of a recalibration of risk right now in terms of where the Fed may be going. We have a Fed meeting less than three weeks away, folks. Less than three weeks away. Yeah, 20 days, July 26th. We get a Fed meeting. We get those non-farm payroll numbers tomorrow. So it's coming at you. It's coming at you fast and furious. And boy, we are at some lofty numbers in this S&P. 44, 44, put that one up there. All right, what else do we have? We had initial jobless claims rising by about 12,250,000 claims, continuing claims falling to 1.7 million, a four-month low. Pretty remarkable, right? So we have continuing unemployment claims, a four-month low. Private payrolls just added 500,000 jobs. Wages are still increasing at lofty levels, even if the lowest since 2001, when you're dealing with six to 7% by staying in the same job and you're dealing with 11% change in jobs year-over-year, pretty remarkable. Few sectors shed jobs as they talk about there, including manufacturing, information and financial activities. Job cuts, as measured by one firm, fell to nearly half of their May levels. So job cuts already falling in June versus May, though from a year earlier, cuts still 25% higher. Well, folks, a year ago in June, we weren't seeing any cuts. So I always say a percentage is on small numbers can be deceiving. So a 25% hike in terms of cuts versus a year ago, yeah. But as they say, the monthly jobs report from the BLS Bureau of Labor Statistics, that's gonna be out tomorrow. We're gonna talk about that, also includes government payrolls. It's gonna provide further insight into the direction of the labor market is headed. That number tomorrow looking for about 225,000 jobs. Yeah, it's gonna be a wild one, man. We jumped to some of the yields on that number. Two-year yields above 5%, 10-year yields above 4%, nearing the 2023 highs. Boy, you got some lofty yields, man. The two years at 5.04, that was the only at 5.08 in March, so we're right back there. It was all the way back to 3.5% later that month, when the banking crisis really hit, and that's why, man, crisis is opportunity, right? What is that? Ed Young used to say that all back in the day, right? Isn't that? I should know, man. Is it Chinese or Japanese? I think it's Japanese, same symbol. I'll have to look that one up. Maybe somebody in the den can help me out. I think it's the same symbol as crisis is opportunity, and you see it, right? Banking crisis, yields dropped to 3.5%. Boom, the two-year back above 5%. Stay tuned, folks. We're coming back with our man, Kevin Hinks. We got some stuff to talk about this morning. Tigers and Tigresses get ready for our annual 4th of July, Tiger Dollar Sale. 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Welcome back, folks. We get the S&Ps down about 39 points. All the market's in the red by about a percent right now on those strong ADP jobs numbers to talk about some of the action this morning, folks. Let's jump over to our man, Kevin Hinks. Every trading day right here on Tiger TV, the TD Ameritrade Network, with fast market at 12 noon Eastern time, folks. Kevin Hinks, Tom White, the team, they got an outstanding lineup of guests.  I've learned so much from watching their program myself. Please check it out at 12 noon. And boy, we got some action this morning. Kevin Hinks, good morning. Good morning, Tommy. Yeah, a little surprise mid-July or early July action in the markets as foreign markets were all lower. That led to our futures being down overnight. Little bit of strong economic data now have yielded over 4%. Lori Logan, head of the Dallas Fed, making some comments here that are extremely hawkish. And so, at least to start the day, you've got a VIX now at 15 and a half. You've got markets under pressure, Tommy. Yeah, that VIX. I had pulled up the VIX, Kevin, a minute before we got a jump yesterday with some negative action to kick off the day. It seems like we get another jump today approaching almost 16, 15, 60 something. I think I saw the highs there. And it's pretty interesting, Kevin. And we've talked about this before. We get the non-farm payrolls, as I'm sure you know tomorrow morning, and ADP and the non-farms can deviate occasionally. They can really vary sometimes. So we'll see what we get tomorrow morning. But boy, this is a lofty number, 500,000. It's pretty interesting, Kevin, that we come in to a Fed that has at least skipped a meeting. And I mean, the wage number is still in there. They're coming down. I think they said the wage numbers, something like 6.4% if you're staying in the same job year-over-year for the ADP and 11.2, I think, something like that, if you're changing jobs. Lowest numbers since 2001. But boy, those are some pretty lofty numbers when you're adding 500,000 jobs, you're changing jobs, you still got wage growth, and we're still dealing with inflation. What do you think of the yield conversation? As we get to that this morning, Kevin, you got two years spiking, you got the 10 year back above 4%. What do you think of that action? Yeah, those numbers you put out for job stayers and job changers are exactly right. 6.4% and 11.2%. Listen, I think some of the data that we got out this morning with the ADP, and again, we have to always say, sometimes the correlation between this number and the job's data is not always perfect, but this still shows a trend, and here's why, Tommy. If you break down where the jobs came from, leisure and hospitality, once again, leading the way with 232,000 jobs. I mean, that is a massive number, but that's the category that's been strong all along in keeping the labor market high, and that's what Lori Logan, what was making, she made some comments starting about 7.45 Chicago time, 8.45 Eastern, and that's what she was saying, and sure enough, Tommy, leisure and hospitality was strong. If you look at the size of the companies, small companies, 299,000 jobs, that's one to 49, 50 to 499, 183,000 jobs, and large companies, Tommy, lost 8,000 jobs. So what an incredibly interesting turn of events in the labor market, but Jerome Powell, some of the comments Lori Logan made were as hawkish as I've heard, she thinks it would have been appropriate to raise rates in June, and she's skeptical about the lags. Remember, a lot of what the Fed was talking about after pausing was the lag that they wanna see come in. She's skeptical that the lags are gonna even work for higher rate hikes, and so she's talking extremely hawkish and yields now sitting over 4.04%. That's gotta have put some pressure on stocks. At least to start the day, Tommy. Yeah, it's wild, man. When I put it, I got it up here on a three-year chart going back on a weekly basis in the thinkorswim platform, critical areas, as we all know when you're talking about the 10-year, back to 110.18 right now. I got a low print last year of a 108 handle in terms of price action on the 10-year, but we're right back to near those March lows, man. Pretty wild, back over 4%. The two-year, I saw this morning, Kevin, during the banking crisis, it went from 5% back to 3.5% almost, and boom, just like that, we're back to 5%. So wild stuff. I wanted to jump to Facebook for a moment, if I could. Did you see the action on threads last night? What do you think of the action on Facebook with maybe getting in a little bit of Twitter's business over the weekend? Yeah, competition, Tommy. Competition coming into social media, meta-threads is what they're talking about. And yeah, the sign-up has been incredible. Why? Because if you're an Instagram member and that pool of members, they make it incredibly easy to sign up for threads. And so I think you're seeing a massive move towards meta, why? Because remember, think of all the customers that meta has and are already comfortable within their Facebook, Instagram, WhatsApp, Universe, and now they're just adding. So what Mark Zuckerberg has always been best at is taking the competition and attacking them. Remember, Instagram Reels is just an attack on Snapchat. That's all it really is, right? So Mark Zuckerberg is really good at finding out what the competition has and attacking that competition, using his massive pool of subscribers to do that, Tommy. It's a real competition for Twitter, for Blue Sky, which is another thing Jack by Jack Dorsey from Twitter that is showing record traffic. So true social, there's a lot of competition now in social media, Tommy. I appreciate the comments, man, and it is interesting. And I was one of those people last night, man. I'm on Instagram and I hit a few buttons and yeah, I started a threads account, why not, man? And yeah, it'll be interesting. You know what else is interesting, man? That meta chart, because we're talking about, I pulled it up on the Thinkorswim platform. It's a one-way trip from 88 bucks to pushing 296 meta, even on a day like today where we got markets down about 1% still holding on to some small gains. With that in mind, Kevin, we got, of course, some big economic numbers, but we're in a little bit of a lull before we kick things off on earning season yet again. Do you guys have some equities you'll be talking about on Fast Market coming up at 12 today? Yeah, this is a great day, the time of year to do themes, Tommy. And so what we're talking about now is housing. So we'll cover Home Depot, like Bolio will do a presentation on Lowe's and basically Home Depot. And then we'll look at Toll Brothers, one of the home builders. So all things, a housing theme today on Fast Market as what Lori Logan just mentioned, housing is showing bottoming and recovering. And that could also work against inflation. So we'll cover housing today on Fast Market. Remarkable markets, man. I appreciate you taking the time, as always, on a busy morning, man. And boy, it's always wild when we talk to you on Thursday. It seems like it's gonna be months before we talk to you on Tuesday with the amount of action we're gonna get. We get non-farm payrolls tomorrow, man. We look forward to talking to you on Tuesday again and we'll be watching at 12 o'clock today, man. Have a great day, Tommy. You too, Kevin. Folks, check it out. Every trading day, 12 noon Eastern time, right here on Tiger TV from the TD Ameritrade Network, Fast Market, Kevin Hanks, Tom White, the team at TD Ameritrade Network. And I say it every time I talk to Kevin, folks, but I've learned so much, watching his program over the years. Even if you don't trade options, check it out. You can learn a tremendous amount about the markets, even if you're just an equities trader, by understanding options, how they're priced, how they move, all of that stuff. So check it out at 12 o'clock and you heard it. They'll be talking about some good stocks, Home Depot, Lowe's, and then a little Toll Brothers, and yeah, Metta. We'll talk a little bit about threads when we get back as well. Stay tuned. We'll be talking markets, folks. We're gonna get the opening bell. Markets, down about 1%, we'll be right back. Building wealth trading in the stock market seems impossible to most people. They think it's too volatile and risky. 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For more information, just click the Think or Swim banner on the front page of tfnn.com. Welcome back, folks. We got meta shares, Facebook, Instagram, WhatsApp, and now threads included in there, trading higher by about 1% on a day where you get the markets getting smacked. Boy, the only thing I'll say is a lot of optimism built into this chart when you just traded a triple-bagger over the period of about eight months on meta shares, you have basically gotten back their entire collapse from January of 2022. Now, remember, some of those tech stocks, really trading low, started peaking into September 21. The market really peaked as we came into the beginning of 2022, right? But some of those fang stocks in particular had peaks in the middle of 2021, but nonetheless, man, it was big numbers. I found myself signing up last night, and yeah, Twitter is in trouble, folks, period. End of story.  Elon Musk loves his memes, if you're not familiar. And so Zuckerberg, he planned that one out pretty good. I got a kick out of that last night. Now, he hasn't tweeted in like 11 or 12 years. He throws this out there last night. The point being, guess what? We're launching threads. We're gonna be just like Twitter, man. You can use threads. Why not? If you've got a problem with Twitter. And I can't even keep up with the news of Twitter going on right now, folks, in terms of what now they're talking about, you can view 600 posts, you can view 6,000. I don't even know. There were so many headlines in the last week or so for Twitter that I can't even keep track, but they don't seem like they're great headlines. And listen, growing pain's gonna be there, okay? Musk is playing some type of a long game there. He's not playing to turn this thing around in three weeks. He knew he was going in there. He knew he was probably gonna got at least 75 to 80% of the workforce. He knew he had to change the culture completely and he knew he had to change the business plan completely. But threads is real, man. I was in there last night. I signed up for it. And as Kevin laid out the case very well, they have the power between, and I think they got like 10 million people. Is that what this headline says? No, that's the tweet. Yeah, this isn't a new Instagram Bible. Okay, I think I'll find the article. I'm pretty sure we're up to at least about 10 million signups. It was 2 million signups within the first couple of hours. Musk had a reply, I guess. Yeah, it's gonna be interesting nonetheless, but you see how things can change so quickly. And what I always didn't quite understand about Twitter is that it's kind of a deal where like your first to market, with that the market's even continuing to roll over. There's nothing that special about Twitter, right? And it's not the same as Facebook or Instagram or the algorithms or the new content. And this is my opinion, okay? But Twitter is simply a platform to post tweets. And it just so happens that the world wants one place that they can go to find out what everyone's talking about. So you need to be the forefront leader. Twitter was, by and far, the forefront leader. And I'm not so sure they're gonna be able to maintain it. They probably still are.  I think there's blue skies, that the one from Jack Dorsey, I know some of my friends use that. You had to get on a waiting list at some point to use blue sky. They have masted on, I think is another one that you can use, the people who are leaving Twitter, they're on masted on. It's very hard to tap into that market as a newcomer, okay? Even with the turmoil going on at Twitter. But boy, Facebook seems to be capitalizing. We've got the market selling off on the jobs front and inflation front. The only thing I'll say about it, folks, is that boy, you got a lot of optimism built in, man. We jump over to the Analyze tab. We jump over to Fundamentals. You jump down to this company. You are at $753 billion. And yeah, this company was at like 250, right? What was the load? 220, 240, some like that. You were at 80 bucks, 80, 160, 240. Yeah, so you were at about $200 billion market cap. And just like that, you're back to 750 or 800. As it seems like they've righted the ship, right? Looks like Musk is not gonna spend all their money on the metaverse just yet. It looks like they're willing to trim the fat as they've cut jobs. And now, yeah, they have new products that they're competing with. And Threads is probably gonna be a competition, man. To say the least, I'll see if I can get my account up there later in the show just to give you a glimpse. Like I said, there's nothing special about Twitter, right? I think we all know that in terms of the core business. Musk wants to make it the site of all sites, right? The site of everything. You can do everything. They're talking about payment processing. Musk wants it to be one of these apps that dominate Asia where you can do everything, all of it, all in one app. We're seeing how hard that is to play out in real time, folks. So nonetheless, MetaShares, though, flat on quite a day to the downside of the markets. And let's jump back to this S&P and see how we're trading. You put it on a five minute. Continuing to drop, 44.36 in the markets. We were at 44.65 coming into that number. So you drop about 30 points on the jobs number. We were already 17 points in the negative. And yeah, all I'll say is be careful, man, because boy, we got some numbers in yields, man. Now they get a little pop there. That might be a bit of a reprieve. Dollar index pulls back. So that's interesting. Markets continue to drop like a rock, right? Interesting action. See where we are in yields again. Yeah, the 10 year, one, 10, 20. There's your two year action. That's quite a bump for the two year as well. So yields claw back, some of that move. Meanwhile, the market continues to drop, man. It's gonna be an interesting one. Let's jump around some of those commodities real quick. You got gold. Yeah, as the dollar moves, you got gold back to 1917 this morning. And silver recoiling a bit to about 23. Let's check in on some of the fang stocks as we got some negative market action. Apple shares down about a percent with the market right now to 189. You got Microsoft shares. Yeah, Apple under $3 trillion yet again. They're at a 2.9 handle again. Microsoft down about 410th percent. They were higher in the pre-market. Google shares down 2.1%. Watch out on Google, man. I keep saying this one. Folks, there's nothing like YouTube. I say it all the time, but there's also nothing like losing the monopoly. Haven't seen many of those. We rise back to the 618 and we've rolled over a bit right at that 618 on Google from 126. We're trading by more negative than the market this morning down about 2% for Google. Speaking of Mr. Musk, Tesla shares down about 2% as well. We jumped to some of the AI poster boys. NVIDIA down about 1.5%. Boy, we got some lofty runs, man, in some of these equities, right? You check it out. I talked about it before. Apple shares adding like a trillion dollars in market cap this year. Microsoft adding almost that amount itself. $800, $900 billion, Microsoft added. Point being, then you jumped into NVIDIA, et cetera. Some of the run they said, what is it, the magnificent seven Tesla shares. Meta continuing the run. There's a lot of optimism built into this market right now. You could say Meta living up to it with something like that with threads, et cetera. But boy, we start to really get a rollover, man. We start to really get some conversations of the economy. And it doesn't even have to heat back up, folks. And Kevin put it well, the talk of the lag, right? Remember the talk of transitory because it's somewhat similar, okay? You had the brightest minds in the world, arguably. I'm sure that can get a few excited out there that don't agree. But some of the brightest minds in the world in terms of the officials of the Federal Reserve, okay? Talking about transitory for the better part of a year, turned out to be not a factor. Well, now everyone's talking about lag, right? Sometimes it just doesn't play out like the history of books say, man. There are a lot of influences going on. Services are on fire. I was at the beautiful Vanoy, my dad over the weekend. Now, boy, let me tell you, man, hotels are always expensive. It seems like extra pricey in terms of what prices are now, especially when you're talking about services or travel. Stay tuned, folks. We'll be right back. Tigers and Tigresses get ready for our annual Fourth of July Tiger Dollar Sale from now until July 7th, you can receive a 20, 30, or even a 40% bonus when you purchase Tiger Dollars. 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Back folks, we get the market and negative territory, S&Ps, right near the session, those right now, you're at 48 points at 44.36, we get the NASDAQ 100 trading off 190 points, that's one and a quarter percent of the red, 15,170, the Dow off 1.1, and how about the Russell off 1.5 percent? We jump back to yields to see how we're moving right now, the tenure. Little bit of a recoil, recoil, excuse me, we're still talking about right at about 4%, let me pull it up, excuse me. Yeah, 4.03 at this number, man, 110.20, the yield on the tenure as we get the tenure, jumping above 4%, we got the two year, and about 5%. You talk about remarkable action, man, and yeah, jump back to the two year, okay? And we put things back on a daily. I mean, check it out, right? What a trade if you'd say to yourself, hey, guess what, it's not over yet, man, this banking crisis isn't gonna change what's happening, okay, it's not gonna get the Fed out of dodge. That is the banking crisis, spiking the two year up to 104.05, and just like that, folks, we just got below that number, absolutely remarkable. You talk about the turnaround. That is a move, folks, on the two year yield, from 5% to 3.5%, and back to 5% on the two year as we got higher yields coming down the line. We have a Fed meeting in 20 days, and yeah, it's gonna get interesting, man, as we get some Fed speak as well, as Kevin was mentioning, to kick things off, so it's gonna be a wild one. All right, and what else do we have going on, folks? I hope everyone had a good July 4th, and we got the July 4th sale. This ends tomorrow, folks. Friday, July 7th, that's the last day. I can't believe tomorrow is July 7th already. We have doubled the normal bonuses that you get with Tiger dollars. Now, if you're new to TFNN, okay, we do these sales about two times a year. 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And yeah, like I said, they never expire, the sale runs through tomorrow, and you also get a TFNM mug. I gotta get my TFNM mug away, and I'm drinking it all the time around the house. I haven't had it in here the last couple of days, I'm gonna get it in there tomorrow for the last day, but yeah, you will get a TFNM mug mailed to you by the mail as well. But the real value there, folks, tremendous value. If you plan on signing up for anything in the near future, if you plan on attending, I know Larry's already talking about potentially another live trading webinar coming up in August. Any of those webinars we do, Basil, Steve, my dad, myself, they can all use Tiger dollars, every subscription, every service. So please check it out, we do a couple of them a year, and this one ends tomorrow, July 7th, July 7th, man. Can you believe we're in July 7th already? Time is just flying, as they say. And look at these markets continuing to fly right now, for sure. S&Ps down 45, it's gonna be an interesting one in terms of how we commit today, how we commit to tomorrow's non-farm payroll numbers. And it seems like this market, and I don't wanna call it price for perfection, but boy, it seems pretty close, man, in terms of how you're priced in there. When you're sitting at 4,500 from 3,500, and meanwhile, we still got inflation raging, folks. We're still adding 500,000 jobs. Now you could have things, obviously be different for non-farm payrolls tomorrow, but I would pay attention to yields, I'd pay attention to the dollar, and no matter what you do, okay? Take a look at that two a year, okay? Yeah, we have a little bit of a recoil, but folks, since about May 4th, okay, we had a double-bagger here in terms of one acceleration from May 4th to May 26th, that was a move from about 103.25, we'll call it, down to about 102, so almost two full points. And then what did we just get? We just got a move of about two full points again. So maybe that's your A to B, C to D projection, that brings you right down to the low, so we'll see where you go. It's gonna be a critical area, man. We get some critical data tomorrow with the non-farm payrolls. Make sure, excuse me, one second. Okay, wanted to make sure my screens were still up. Yeah, so it is a wild one, to say the least. All right, let's jump around to some of the other equities with news this morning. Ford, Ford's US sales jumped 9.9% on big gains for his F-series trucks, quite a number, man. They reported sales of 531,000 vehicles from April through June, up from subdued results a year ago, EV sales during the quarter declining as supplies of the Mach E were short. It'd be interesting, of course, those electric vehicles as well. Ford shares down with the market down about 1.5% today on that number. Let's check around to some of the airlines. We talk about services, right? Delta a little bit low with the market this morning, down 1.2%, United down as well. We jump to the cruises, cruise ships Carnival down 3.3%, Norwegian down 2.5 as well, Airbnb down 3%. Marriott shares down about 1.3%. Let's check out some of the banks this morning. J.P. Morgan off 1.5%, Bank of America off 2%. It's across the board, man. Well, as far ago, off about 1.9%. City off 2.3%. Yeah, gonna be tough to find a bid today, man, with this market priced for so much optimism. I mean, you think about it, right? Even an armed mercenary army muching on Russia couldn't slow this market down, pushing 4,500, but guess what might? Maybe the Fed will, as we ramp it back up possibly, strong numbers from the ADP. We get an out-of-farm payrolls tomorrow. One more segment, folks. Stay tuned, talk about some of the other equities we got going this morning. We'll be right back. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no cash 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 Tigresses 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, just visit the front page of TFNN.com. 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. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything, from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pesavento 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 that you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. As we speak, we got markets making new session lows with the S&P off 51 right now, trading at 44.32. You got the $3.76, NASDAQ 100 off 216, and we did get a spike to above 16 of the VIX. We're trading at 15.78. And we got a caller on the line. Is it Fish from Riverview? Good morning. Hey, Tommy. Hey, man, what's happening? Good. Hey, bud, I have a question for you. What's going on? On this show, your dad was talking about high volume lows. OK. And I just wanted to talk about that on the, maybe you could talk, speak to the spy or the QQQ, and I'm also looking at SOXS. But my question is, and I'll hang up and listen, did we blow through those high volume lows with volume, or did we have one low volume that could be a buy? Which lows? What day are you looking on a daily? What are you looking at? The spy or the QQQ, maybe. Yeah. And what low are you looking at? What number are you looking at? No, that was my question. I don't know which high volume low he was talking about, because he was talking about it could go hit that high volume low and then go up from there. But maybe it blew through there. And maybe you talked about this earlier. I apologize if you did. No, I didn't. And I didn't catch his show yesterday, all of it. I was traveling a little bit. Normally I'm glued to it, even with Tommy on my back. But I didn't, man. So the best thing to do is give him a call if you can this afternoon, man, even if because I'm not exactly sure what number he was referencing out there. I'm not sure. I wouldn't want to jump to it, all right? But I appreciate the call, man. Thanks, bud. OK, thanks, man. Have a good one. Yeah, it's a wild market, man. We got some. You'll wake up one day and there'll be 30. Thank you. I appreciate it, man. Listen, that's something everybody should keep track of, man, time is crazy, folks. So enjoy every day, for sure. There's a lot. Thanks so much, fish, man. Have a great one. There's so much truth, folks, to mindfulness, right? That mindfulness movement. Stay into today, because today is all that matters. Tomorrow, when you get to tomorrow, tomorrow will be today. And then you can worry about tomorrow, tomorrow. Worry about today, today. Worry about tomorrow, tomorrow. Worry about the day after that, the day after that. Stay true, folks. We got basil up next. We got markets in negative territory. Don't forget about those tiger dollars. Go check them on the front page. That's sale ends tomorrow. See you tomorrow, folks.


When I learned something new I like to show you Freedom Family. Today I learned you can make Minecraft look like this with reflections and shadows and water that looks like water without running a ray tracing RTX setup. This is how Minecraft normally looks with boring water, clouds that don't look like clouds, and just very flat textures. How I got it to look like this is I used the Seuss shaders with the Optifine plugin for a regular Minecraft Java edition on just a 1080 GTX card, not the 20 series with RTX. And now it's turning daylight. Look, you can see the sun coming out, the night is ending, the clouds in the sky with the blue sky above us, and the waters and the reflection. So cool. You even see the glow of the sun in different angles as it peaks around the MGM symbol. And this is just like ray tracing, but it's actually called path tracing. But the effect is almost the same with the reflections and refractions simulated with path tracing without an RTX card. It's a little bit blinding actually, right there on the water. Underwater is pretty cool, which you can see by going into this waterfall and you have the cool reflections and refractions that you would expect if you have ray tracing enabled with an RTX card. That is so cool, guys. I didn't know this was possible in regular Minecraft with just these plugins. The download links to all those tools are down there in the description below. And this is the MGM Minecraft server that we created as a community server for you, Freedom Family. See the MGM logo? It is nighttime on the server, but you can play this by going to the Minecraft.MGM.TM server. In your Minecraft Java edition, click multiplayer, then click add server and just type Minecraft.MGM.TM And then you can connect to it. That's it. When you connect to the server, you'll be greeted with some instructions on how to read the rules and how to teleport to a random location. We've installed an MMO, mcmmo.org into this game. We've installed plot squared and we've installed many other plugins that will make this a fun experience we hope for you. Go to the black tent over here to jump to the creative world where you can claim a plot of land, see creative, and start building. Let's go. And then we get teleported to the creative world where there's lots of empty plots. And look, you get to see your own shadow with this a Seuss shader with the Optifine plugin. Pretty cool. And you can pick any of these plots and start building. You can type slash spawn to return to the spawn point, which is the very beginning of our server. Let's climb the waterfall. Just hold the space bar when you're in the waterfall. Let's go up. You can see my axe, my pickaxe reflecting in the water. Amazing. All right, here we are at the top of the world of MGM Minecraft. So we get to see what's all around us from this vantage point. And we can see there's a grove of red trees over there. So let's jump down and go have a look, shall we? Swimming in the water, swimming under the bridge. And it's daylight, which makes me happy. Actually, my shadow makes me even happier. That's so cool. Oh, I don't know. My daughter Keira here is asking a question about what's in the chest. Let's go this way. There's a boat here. I've left the spawn. I suppose this is where I'll build my world and play the game. Can I build a house? Keira, come into the camera. There you are, Keira. Keira loves to play Minecraft. Can I build a house? And yes, you can build a house anywhere in this world.  All right, this is my seven-year-old daughter who's just starting school on Sunday. No, on Sunday. Today's Thursday. In Dubai, the week is Sunday through Thursday with Friday and Saturday as the weekend.  Enable the plugins, make videos like I am here and I'd love to see them. Send links to your videos down there in the description below and Curtis Pike aka Big C is making videos on our MGM channel. Click that I to see the MGM channel and Curtis's three videos that he's made very recently. Check them out and tell us what you think of Big C and MGM reboot. So Freedom Family, tell us what you think of the MGM Minecraft server. I hope you'll enjoy playing with us. This will be the first of many things we are doing as part of our MGM reboot and we're going to be creating more servers, more giveaways, more games that we will publish in the near future. All of that for you, Freedom Family and MGM Family. So say bye-bye. Look at the camera. Bye everybody. If you like this video, click the like button and subscribe to Freedom Central, home of The George Show. Who am I? I am Papa George, your George son pie and many other names. You the beautiful Freedom Family has given me. I am the CEO and founder of Freedom for Freedom. I don't want to hit you Kira and the Freedom Family where we all help each other grow together as a family. Keep safe Freedom Family. Until the next episode, I am George. You've been watching. It's raining in Minecraft. Yes. Click that I to partner with Freedom and join the Freedom Family so we can all grow together. You get many perks like position music. You also get epidemic sound, a lot of other access to royalty free videos, sponsorships and many things to help you grow. Just click the links down there in the description below to get involved in our community, our forums, our Discord chat servers, meet our graphics team, meet our community team, all of that on Discord and the forums. What are you waiting for? Get started. And we will grow together as a family because this is the Freedom Family. You are part of it. We are all part of it. And we're all growing together. To get more George, click that big F that will subscribe you to Freedom Central, home of The George Show. And PewDiePie gave one of you Freedom Family a big shout out. Click that video to see the shout out and to see our new 3D sets for you. And click that video to see what YouTube recommends you watch next.


Looking for some holiday fun in Arlington Heights? Come on down to the Holiday Stroll and Tree Lighting in Arlington Heights on Saturday, December 10th, from two to five for free family activities, live music, and other holiday activities. The Artist Holiday Store and Artisans Market will be open at the Rose and Granola Cafe, so don't miss out on perusing the work of local artists. Here at ACMI will be a visit with Santa Claus himself from three o'clock to four fifteen, so don't forget your phone or camera for photos. Later on, there will be carolers in front of the building before the Tree Lighting at four fifty, so don't miss it. But that's not all, there are other fun activities too, so for more detailed information, check out the event posting on the Arlington Chamber of Commerce's website, a-r-l-c-c dot org. Happy holidays and we hope to see you there.