The following is a presentation of D F N N The morning market kickoff With your host Tommy O'Brien That's me, and that's you Tommy. Good morning everybody. I'm Tommy O'Brien. What's your name? Tell them what's your name? This is Tommy O'Brien as well, and we are good to be back folks We were up in Boston for a nice O'Brien family reunion at the South Boston yacht club. You got to love it An amazing weekend with family feels great to be back, but will you talk about a weekend? It's you and daddy Are we on the TV? Hey, did you yeah? Are we doing the show? That's right. Do you have fun in Boston? Yeah, the Boston I had fun in the Boston guys, that's right. He sure did And we come back and boy it's quite a market man. We got Nvidia earnings tonight We got no video earnings Tommy no video you say that no video earnings. Who do you got show them? Who do you got my queen? We got my queen. Of course. We got my queen folks Let's get into it. We got a little bit of negative market action to kick things off. It's me and McQueen Tommy see the market. What do we got? What color is up there? What color is this? What color is that a lot of red on the screen folks tell them a lot of red on the screen right now And green green green and red We pick up in negative action with the SMPs off by 13. We got the Nasdaq 100 off by 79 You talk about an acceleration yesterday Microsoft to all-time highs yesterday interesting ahead of the AI poster boy NVIDIA climbs to 50602. We take a look at the daily basis That is also an all-time high coming into their earnings and you know what before we get into the market wrap I'm just gonna kick it off with the media for a moment because it is interesting when you take a look at this equity We're trading at 50409 right now. You back things up even a five-year weekly Okay for some context here that first acceleration peaks out just about 500 We chop around now we have been in this range and I'll call that range a hundred dollar range from 400 to 500 From when may 22nd it's when they blew apart those earnings right AI was already in the rage Chat GPT had been around for some time the acceleration of this thing has had this year alone from 140 to 505 Now what is interesting is you jump over the analyze tab you jump into the earnings They have their earnings after the belt tonight You have about a $32 and 58 cent move priced into their earnings 59 cent if you're rounding up That is for the event taking place tonight if you take a look at just a week, okay? Let's say you want action through Friday. It's Tuesday right now. You want action through Friday You're looking at almost a $37 move implied in either direction. That is an extreme amount of volatility. Okay. Oh What do they do you got a press play? up and What is especially interesting is how much You don't want with that one which is a different one. No banging, please. Okay. No banging We cannot bang the computers tell them folks which one you what we got a lot of videos We're on YouTube, it's amazing. I always say it man YouTube McQueen police car think about it for all that we pay I'm always gonna digress a bit when we do the shows with Tommy, but I love doing them and I appreciate you tune it in and It's a privilege to be here with my son back from vacation It is interesting folks when you think about how much we pay for streaming services and actually how many of those streaming services are now going to become available for free you go from that model of Television that's free right Broadcast television you go from that to a streaming model and then what happens you revert back to the model that flourished in the beginning Which is a free model built on advertising Something tells me they'll both be around for the people that don't want to pay for advertising But when I look at something like YouTube we stream YouTube on TFN and etc. It is interesting how it comes back around now back to NVIDIA NVIDIA 2.5 billion shares outstanding pretty simple math right 2.5 billion shares Outstanding that means they have about a $35 move priced into their earnings event this week Okay, that's the implied move in either direction. You're talking about About what 80 85 billion dollar move depending on which way you're swinging in terms of you have a $35 move so For every dollar it's 2.5 billion for every ten dollars. It's a 25 billion dollar swing, right? So you could potentially see NVIDIA the market is pricing in tonight, which is why I always say it's important to understand options Even if you don't trade options and you trade the equities Hey, we're doing police karma queen. Let's see if we can find police karma queen for our man Tommy O'Brien right now Let's see Tommy There he is we found him yeah It is interesting the extreme amount of volatility priced in on just a dollar basis, right? So you're talking about 70 to 80 billion dollars in either direction You're talking about a potential hundred and fifty billion dollar swing from low to high market valuation You are dealing with a company that's valued at 1.2 trillion dollars now What is also interesting is you back this thing up on a five-year weekly, excuse me There's your five-year weekly This thing was only trading at $35 about Three and a half years ago four years ago. No, what is that four and a half years ago? Excuse me so the entire implied move was where this equity was trading at four four and a half years ago on a Much more recent basis The move is almost a third of where it was trading at just about a year ago Just rapid acceleration across the board man, and we will see where we go and Now let's get into some of the market outlook in terms of the wrap-up in terms of what's happening this morning Especially interesting the one that you have had with NVIDIA being the ultimate growth stock of future promise when you have yields rising Over that period of time. What if we yields have been dropping dramatically as the AI revolution was taking place, right? What happened you got them there you go So what would happen if we actually had yields benefiting some of these growth stocks yields have been hurting these growth stocks And they've been taken off the Magnificent 7 we might get a little bit of a reverberation today But we will find out the day is young. We got 17 minutes to go into the opening bell We jump over to Microsoft shares Let's put them on a little context five-year weekly same chart as NVIDIA And you're talking about quite the acceleration pretty similar chart in terms of the top out the pullback the acceleration We're making new all-time highs as of yesterday. That's the weekly chart We're looking at up to 378 87 as of yesterday We're backing off of that price level just a bit this morning back to 375 boy You could spend a whole week on the saga of open AI I mean if you're a market participant you got you got to be interested what happened over the weekend The one thing I'll say about it We've all been captivated by you can't help but be captivated by a private company. That's valued at 85 billion dollars That's a non-profit with a subsidiary that operates for profit that's owned by Microsoft for 49 percent controlled by a CEO That has no ownership in the company and you have a board That kicks him out unannounced on Friday didn't even communicate with Microsoft What I found so surprising is that there was no plan from the board, okay, and we'll touch on it a little bit I Guess later in the program, but boy if they had just come out with a PR blitz I mean, you know, maybe you do something like that and you appear on Bloomberg or you appear on CMBC The fact that they went quiet and had everything Go to that fruition and this is the chief scientist right that was supposedly ahead in Led the revolt to a bit Absolutely amazing how this thing keeps going around now. You have him tweeting yesterday. This is yesterday, okay? So I mean, but I was on the plane flying home yesterday He deeply regrets his participation in the board's actions first of all He started those actions according to reports never intended to open harm open AI I love everything will build together and I will do everything I can to reunite the company Pretty interesting that the people building I eat AI can't even figure out what their own actions are gonna cause in about three days time Absolutely remarkable. We're coming back. We're talking equities. We're a lot to talk about. We got Best Buy earnings We're coming back with our man Kevin Hicks. 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You know this market's had a great run in NVIDIA since October 27th is up about a hundred dollars It's up 99 dollars since since October 27. So this is a stock that You know Yes, can it go higher? Yes, it can't will it? I have no idea Tommy. I mean watch watch this afternoon It's gonna be a fun one Maybe some volatility after the bell That's the one thing that may happen in my mind, but yeah, who knows where this thing is gonna go They've had some blockbuster earnings man, but that's part of the reason that we're pushing some all-time highs on this equity We pick things up with the market Kevin pushing almost 4,600 Tech stocks, of course carrying it higher, but what do you think about the general market coming into December? I mean some pretty lofty numbers as we push almost 4,600 on an equity basis in the S&P's right now Well, Tommy all the numbers I'm gonna give you are since October 27th when the market hit hit lows during the day The S&P's up 10.4% currently a 71 on the RSI the NASDAQ of 13% Currently a 72 on the RSI the Russell 2000 of 9% Currently a 61 on the RSI and you know, I just said in video rallied about 25% since October 27th And it's a 70 on the RSI going into their earnings that's going into that's based on last night's close So yeah, I think you know this market has run a long way. It's Pulled a lot of things forward in the market rates are lower the dollars lower That's good crude oil is lower although crude oil rally the last days Why because there's an OPEC meeting on Friday, and you know, they're gonna be loud in that meeting They they prefer crude oil around $80 not 70. So listen, I think this market is really made a Significant move the last few weeks and frankly it might look a little tired right now a little fatigue going into this Nvidia earnings, but Never never doubt. We'll see what Nvidia brings.  Tommy. I have no idea what they're gonna do And it was it those are some startling numbers, man when you hear him said we know we've had quite a run I was just as you were saying the same, you know, my goodness saying the NASDAQ I believe you said 13 plus percent in the NASDAQ over that time and I was counting the bars Kevin I said, how many trading days have we had since then? I think it's 16 trading days to be up 13 percent Pretty startling when you look at that almost a percentage a day as we keep climbing into these lofty numbers What do you think about yields right now? You know, I was talking about absolutely remarkable with these growth companies have done When yields have actually risen that's kind of been a little bit of wind in their face Remarkable to think what would have happened if we had yields potentially dropping What do you think about the yield conversation that was for for it? We've gone AI a bit, but still of course on people's minds Yeah, I mean this is the inverse right of what's happened with stocks since about Two-thirds of the way to October. I mean We've had a significant move down in yields from 49 You know, we touched 5% during the day to now 4-4-1 here to to start Tuesday. So, you know stocks like lower yields You know, they like the lower dollar if you look at what they both those favor Stocks and what is the result of that look at a 13.5 VIX? So, yeah, I think this market has just settled down Some of the macroeconomic metrics have softened and that's made stocks Look and feel much more attractive Tommy Have you heard Kevin? What do you think about the conversation? I've heard some talking about that, you know, when the Fed Starts to actually potentially cut that may be when the you could see an actual pullback in the market Because the reason they may be cutting is we may be facing some weakness whatever it may be now Usually we were in the scenario where you get the Fed cutting my goodness the market's gonna love that Have you thought about that scenario? I'm trying to do that in my own head, you know saying, okay What if we do actually get the Fed pivot? We actually get that first cut down the line whether it's three six nine twelve whenever it is What do you think of that scenario that some people are laying out in terms of be careful here when you see that the yields may Actually drop that that may not be the best thing for equities. Have you thought about that one? Yeah, and it's it's it's two different conversations and the conversation really is why are the Fed Lowering interest rates, right? Neil Kashkari gave us a little Window into that a week or so ago when he spoke and he said as inflation gets lower Right a five and a quarter to five and a half Fed funds rate gets more and more Restrictive as the Fed as the overall inflation level comes down therefore at some point if you don't want to over restrict the market as Though at the inflation rate comes down you have to start easing down The overall Fed funds rate so you're not too restrictive on the market. That's already softening So now the other scenario that would be a better scenario for stocks The other scenario is that something happens, you know some event some reason some Severe softening in the market happens and they would have to lower rate So two different ways to look at it one a little more positive than the other Tommy But I think as inflation gets lower that five and a quarter five and a half More and more restrictive Tommy It's a great way you lay it out man. I appreciate the insights as always And I feed you those questions. They're not easy questions. It's the gymnastics I'm doing in my own head as we kind of encounter these unknowns But interesting times to be in the market for sure with that in mind Kevin We talked about one of the equities you may be touching on on fast market at 12 today Do you guys have some equities lined up for the program? Sure, of course, we'll talk about it video extensively in the first segment of the show Like fully as good to do presentation on urban outfitters They have earnings come up and deer and company always a fun discussion to talk about grain markets and their Relationship with deer and company. So three good names today, obviously with the most important being in video Kevin I appreciate the time as always on a busy morning. We look forward to the program at 12 o'clock today And we'll talk to you tomorrow as well Thanks for having me on Tommy. See you tomorrow. See you tomorrow. Always pleasure folks. Check it out 12 o'clock today You heard it. They're gonna be talking Extensively about NVIDIA and yeah, who knows where this thing is going but there's an extreme amount of volatility Built into this equity as we covered at the beginning of the program and you're talking about a $32 move in this equity You're talking about an equity with 2.5 billion shares Pretty remarkable, right? Depending on which way this swings the market cap of this equity potentially an Easy $100 billion whether you're talking about you move upward downward. I mean, what is that exactly? We're talking about? Yeah, you're talking about Yeah, 30 puts it at 75 billion, right? Yeah, so Basically an $80 billion swing up or down that creates a hundred and 60 billion dollar window Whether you go 80 billion down or 80 billion dollars up where that thing might be priced in for one standard deviation tomorrow All right, folks. Stay tuned. We coming back for the opening bell We got markets slightly in the red s&p's off by 13 NASDAQ 100 off by 81. 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Introducing Tom O'Brien's award-winning newsletter market insights your key to successful active trading Tom O'Brien Renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox Whether you're a seasoned trader or just starting out market insights provides the edge you need to navigate the markets with confidence Ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results market insights comes with a 30-day money back guarantee for all new Subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn Dot-com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand tfnn educating investors Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and Tfnn's YouTube channel with Tiger TV live every market day from 8 30 a.m To 4 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 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch Tiger TV. That's tfnn.com and hit watch Tiger TV What was that sound Tommy? The opening bell for the stock market for the stock market. That's right folks. It's the opening bell for the stock market We got equities open we got equities in the red S&P's off by 13 NASDAQ 100 you're off by about 87 Tao off by 66 Let's jump over to the main event after the bell tonight in the video shares negative about three bucks I mean pretty remarkable you almost close at like the tick high. I mean not quite right. Would you close that? about 30504 yesterday you made it about 505 but boy in the context of the volatility of this equity to close within a dollar of the All-time high tick as you come into the earnings event pretty remarkable Microsoft shares down about three dollars you talk about some volatility yesterday Can't say enough about that one speaks for itself. We jump over to Amazon shares. We check in on the magnificent seven There's a drop for you man Amazon shares off by 2.2 percent. What's going on with Black Friday, man? What's going on with Amazon? I'm not sure. Do we have some Amazon earnings coming out? I mean news they don't have earnings This might be giving back some of the action I guess who I don't know Amazon off by 2.3 percent. We did have some Coles earnings Coles with their numbers I think I saw something like comp sales falling for let's check it out. I was just reading it right here on Where were we not that one? I'll have to find it Yeah, here it was You had Coles seventh straight drop in comp sales pointing to an on-going decline in foot traffic and a broader shift away from consumer Sprending on discretionary goods like apparel. Let's check out the longer-term look on this Coles, man Trouble trouble, right? Boy, I tell you so we go to the mall around here and let's jump to target in the same deal. So target Has decent earnings last year trouble at trout last week. Excuse me trouble as well But they have decent earnings last week at least Coles seventh straight decline in comp sales. I'll tell you folks The Coles experience is for some reason not as enjoyable as target for my opinion and Coles is very expensive Target is also very expensive, but it's not as enjoyable and I find myself wanting no part in Coles one of the malls We go to regularly has a Coles within it and I don't go in there at all now. We might go in there. Maybe during the holiday season occasionally Okay, as you might get some good toy sections. Let's go do a little window shopping with Tommy, etc But no, and it's funny. So I flew home yesterday got home in the middle of the day No, you can get that later. Oh, you want to show him Spidey? You want your Spidey? Oh He's right here we got him. There he is. Oh and we got Tracy to Tracy the spider We're big on And is Spidey you want it off? It's right there. You want it off or on off? Okay, let's take his backpack off. There we go It's Spidey Spidey and his amazing friends. Now. Here's a kicker, right? Where did we find Spidey and his amazing friends? Disney plus of course Disney spider-man Spidey and what's funny is this is not spider-man folks This is Spidey and his amazing friends and there is a difference Kohl's So we go we land we come home we get changed We had an absolutely amazing time as I said, I'll pull some pictures up tomorrow. There's one. I'm gonna do a share some pictures I mean can't make it up folks. I said, you know what we could have had a reality television show pilot episode In terms of just the awesome scene the O'Brien family reunion at the South Boston Yacht Club An absolutely amazing time. So we fly home yesterday.  We went to Target We did a little bit of Black Friday shopping We did and there are about a hundred O'Brien's there about a hundred O'Brien's in the top floor of the South Boston Yacht Club And man, I miss eyes they say God's country as they call it and yeah They just built rebuilt the deck absolutely beautiful out on the water for you Bostonians out there How about some amazing weather this weekend right Friday? We hit up Fandua Hall We hit up Ned Devine's having lunch in Fandua Hall I think it was 62 degrees out in the middle of November sitting in the middle of Fandua Hall and you've been joined some beautiful music You got street performers out there having some good lunch at a beautiful spot Ned Devine's had been there many times in my 20s a While back at this point, but nonetheless just absolutely amazing weather Point being we get home. We go to Target yesterday. No chance. We're going to Coles man Now they both have a problem that they are expensive. I love doing window shopping They did have some pretty phenomenal deals for Black Friday. I'll say that much So we'll see where we go from there, but Coles in trouble man Coles is down 9% My personal experience is talking my dad about this a while ago both sides of Want me to hold Tracy? Okay, I'll hold Tracy and you got Spidey What's the problem what's the problem said that's what that's what Spidey says to Tracy and Tracy tips off Spidey of problems going on The Spidey goes and he saves the day. Does he save the day? He saves the day. He saves the day. That's right Uh, okay, we jump around what else we got going on. We got Best Buy with their numbers trouble as they say trouble for Best Buy Best Buy down about 5.5 to kick things off right now in the trading session And let's see what else we got going on. Let's see what else we got.  Excuse me. You're only back to where this thing was last Thursday. What's Spidey doing Tommy? Look at that three-year weekly now. What's remarkable is I used to shop at Abercrombie and Fitch when I was in college Look at this thing, man Yeah, be careful. Okay, you're pushing you're pushing Highs all-time highs and anytime you've pushed all-time highs before you've reached a cliff So I'd be very skeptical until you actually come over this thing. Maybe you're gonna need to consolidate You know, you were just trading at 15 14 bucks and you're pushing 70 for Abercrombie and Fitch But boy, that's been an acceleration in a big way for Abercrombie Today though a little bit of a different story Let me pull the Abercrombie one up here They raise the outlook after the quarterly sales surge 20% but this is one of those stories, man All right, here's the headline Abercrombie and Fitch shares raise outlook after quarterly sales surge 20% They raise the full year guidance again after another quarter of sales growth They're defying an overall slowdown in apparel Thank you, buddy. Did you pull it up for me? Thank you You pulled the music up for me. That was very nice of you I'll pull that one up Thank you This might be a teaser to the bar being set high right earnings a buck 83 versus a buck 18 revenue 1.06 versus 981 net income 96 million compared with the loss of 221 2.21 million potentially yeah Strong numbers and what do they do they trade back a bit because you know the whole world of expectation was priced in Now the market holding up pretty well on the open NVIDIA is flat They got back that loss on the open. Look at this back to a five-minute chart Fivo Who is it? Spiting is amazing friends. That's why it's not spider-man. Huh Tommy and who's this Tracy yeah, and is this spider-man? What's this? A backpack that's his backpack. That's right Put it right there Okay, let's check in on microsoft Uh 375 29 this one will take some time to play out now. It is interesting as you jump around here Um, even you know, you pull up the front pages and you know as I come to air the news out there That potentially you have a potential deal that the us has helped broker in Between israel and hamas to release some of the hostages Just for a humanity perspective. You hope that happens man, um, I haven't Most of the time the front pages of most of these news organizations are the war. But guess what open ai Yeah, they supplanted they cemented that one Uh, stay tuned folks. We'll talk some of the equities are moving this morning. We got markets in the red We'll be right back in three minutes TFNN has just launched their new trading room the tiger zen 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 tiger's for just one dollar 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 brian 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 tiger's 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 dot com You might think that if you want to be successful at trading in a stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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We have markets pretty much where we kicked off the session with the S&Ps off by 13 NASDAQ 100 off by about 80 out by about a hundred points in the red right now we jump to yield so you got Dollar weakness today. Okay. Kevin mentioned it. You have the tenure As we continue we're pushing 4.4. We might get a 4.3 handle by the time the program is done 4.4 is where we're sitting at right now. So it wouldn't take much This is the chart of the tenure up here, man. We've been talking about it for a while We were within that channel line. You broke above it. We were looking for the retest It doesn't get much more perfect than that man. You test that channel on on november 13th The last eight days alone you're up by almost two points as you're pushing 109 right now You're up by another five ticks in the tenure. You got yields at 4.4 percent Well off the 5 percent number that we had about a month ago So you've lost six tenths percent in a month just like that now I think that that is At least an area that we're going to get a little bit of a consolidation in okay I don't think that we might get the acceleration No, I don't think that one's gonna work buddy. That's a different show Hey, you know, you know, it's remarkable as I said we segue occasionally when we're doing the programs with tommy, right? You want a different show you want to go back there? So what's remarkable is You see the importance of thumbnails on youtube. Okay The best thumbnails out there Are the ones that are for sponsored videos and usually they're bringing you to an external website Is what they're doing You want he wants tractor tipping? And it's remarkable to see that when people are paying for that that they have fine tuned that thumbnail And so often the thumbnail that tommy wants to click on is the one that is the sponsored link that brings you to a website That is an external url And it's remarkable that they have perfected those thumbnails which lead to so many clicks You've seen some of these content creators out there talking about, you know Sometimes they'll put out a video and they'll put it out with 200 Different thumbnails to test that to choose the one that they're actually going to use To cause the algorithm to accelerate the clicks, etc. They use 200 sometimes even more. I'm sure You okay, would you like a drink you have your drink there if you'd like? Oh my goodness Let's get the ad Oh, which one we're gonna do the alligator one. Let's see if we can find it It's from between centers Jackson storm we get Jackson storm over here too And you get your number four car Okay, now s and p's off by about 15. Let's check in on the video before we jump around a bit You got new video shares trading down about a dollar. So we talk about yields. Now where I go with this is You know, I don't know if we're gonna see the 10-year climb about 5% folk Kevin talked about the two scenarios here, right in one scenario You get yields decreasing because the Fed is cutting because they've become too restrictive as inflation has calmed down and growth has calmed down a bit On the other side of that you have something breaking Maybe it's just the the economy in general breaking under the cost of capital, etc. And they would be cutting Sustained yields on a 10-year basis well above 5% may cause something to break And that I think is one of the Fed's biggest fears right now. You've heard chairman paul talk about it We've been talking about it on this program His last press conference at the beginning of november when they had their pause, okay He stated very clearly that the risks are now weighted To the side that they risk more by hiking And potentially doing harm to the economy than they do by pausing And letting inflation run out of control because even where they are right now They aren't a fairly restrictive policy rate now. That's their feeling nobody can be sure But the data is lining up that they would be correct if the data lines up in terms of we are in a restrictive policy That is causing inflation to cool. So therefore the risks are now greater weighted To the side that they risk more by hiking that I think puts a relative cap on that especially with the movement We've had recently. What do you think you agree? You think so? What do you think yields going up or down tommy? Uh Yells are coming up. We'll see folks. They might get back to that five percent though Now with that in mind though, okay, so you have action in the tenure you jump over the dollar index as we look at it We've just dropped from 107 to 103. Okay, pay attention to that one man. And what is that doing to commodities? Folks, if you haven't tried out the gold report yet check it out gold surging 27 dollars.  That's bobby, huh? He's got his cars Uh gold is rocking can't deny that great time to try out the gold report folks as we get the s and p's off by About 15 we jump over to disney shares disney quite a run recently from 80 to 94 We're backing off a bit with the market today back to 94 bucks Let's check in on some of the equities with their numbers best buy down about 4.2 percent We talked about abracame and fitch down about six percent coal shares down 11 percent be careful of coals Yeah, be careful of coals on that one And what else we got here? Let's see Whoops Yeah lows with their numbers off about three percent you spiked down to 191 We're back to 198 s and p's off by 16 nasdaq 100 now off triple digits Let's jump around to some of those other magnets and seven tesla shares catches a bit today up by 1.6 percent We jump over to meta shares down half a percent right now. Yeah amazon off 2.2 percent I don't know what happened at the beginning of the black friday week not sure um Microsoft giving back some of those gains of yesterday google shares in the positive by two tenths percent right now All right, let's see what else I had pulled up here. I got a couple articles. I just got to find them I'll hold McLean for you. Thank you Okay, october home sales likely fell to new 13 year low Pretty interesting right now. How does this market behave once interest rates drop when interest rates drop if interest rates drop Where'd he go? Is he right here? Is he on the ground did we drop him folks? No, I think he's right in your chair somewhere. Tommy. Let me see Now he dropped there he is. I got him There's no queen. Let's put your blanket down here for a second To show everybody Gotta have the blanky folks. We all got the blanky right Uh high prices and elevated mortgage rates have made home purchases less affordable. He's coming right back There they're racing You know, there is going to be part of this With the fact that what is going to happen when you have a supply release in the market when you have interest rates come down Many people not willing to put their houses up on the supply right now, right? That's causing low numbers yet high prices and uh Yeah, that's going to be a perplexing one to say the least Now this one is interesting. Okay, we're going to talk about this one We'll see if we make it through this segment. If not, we're going to finish it up on the back side of it If you're in cash Thank you. That's my i'm a queen. Thank you. Sure. I love racing You risk missing out bond managers of 2.5 trillion say And what this showing is and of course there's always an opportunity cost folks when you have a risk-free rate of return Okay, now these are talking about bonds no matter where you are though cash is risk-free rate of return I love racing. Tommy Go We're going to finish this one up when we come back folks. Stay tuned. We're going to talk some uh some Bonds some risk-free rate of returns some cash and some opportunity costs one more segment. Don't go away. Tell them We'll be right back Thank you the gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The u.s. Futures market and the shanghai gold exchange the gold report Tom o'brien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30-day money back guarantee so you have nothing to risk subscribe To tom o'brien's gold report newsletter now at 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 basal 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 and stock prices Get the opening call newsletter by basal chapman and your inbox every day First time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry 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 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 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv. That's tfnn.com and hit watch tiger tv Welcome back folks.  Are you racing tommy? Look at what we got. Thanks to our man dunk and steve in the den folks If you haven't tried out the tigers den yet, please come in sign up. It's a dollar for the year That's just a way to validate who you are. So we keep out the spammers tommy Tommy you want to see where were we? So he sends me a picture of the good old south boston yacht club and yeah That is exactly where we were on the top of that balcony. Check it out, man Um, so we have the top floor And everyone's out on the balcony and join it now if you've never been to south boston folks So it's absolutely incredible is that it's basically right under the flight path for Logan airport So you got planes coming over you? Every three minutes sometimes there's two at a time coming over you We're sitting on the balcony a little cool little crisp That was saturday a little bit cool a little bit crisp, but absolutely amazing time and you know Being by the water checking it out being home and thanks for sending that over steve Yeah, that's it man right on the top couple doors and ways it works your way out And uh santa claus even played a trip to the o'brien reunion and southy for the children. You got to love it McQueen's fading and jumping back. So Talking about this bond deal real quick Just pay attention to the amount of money you have in money markets, man, right? You get yields coming back They're talking about opportunity costs here, you know, be careful in fixed income Because on a longer duration, okay The percentages are at still on a longer duration when you go back on a historical basis, okay They are not at extremes. They're at extremes since 2002 right since 2008 They're not at extremes on a historical basis But boy and this references the amount of money that is available For money markets and this article goes back to last week, but 5.73 trillion. There's the climb Uh, absolutely remarkable how many people pulled out of the stock market during covid right look at that climb You had what a solid trillion plus dollars that got put into money market funds as the economy plummeted nonetheless You're talking about 5.7 trillion dollars in money markets. All right, Tommy folks. Thanks so much for tuning in Stay tuned basil's up next live programming all day my dad's back from three till four and what are we gonna say folks? Say bye everybody. See you next time See you next time Hey, look at the camera. Bye folks. See you next time See you next time. Love you buddy. Bye folks. Thanks for tuning in. Have a great day folks. See you tomorrow


QuickBooks Online. Sales by customer and income by customer reports. Get ready to start moving on up with QuickBooks Online. We're going to be using the free QuickBooks Online test drives searching in our online search engine for QuickBooks Online test drives selecting the option that has into it.com and the URL into it being the owner of QuickBooks. Support accounting instruction by clicking the link below giving you a free month membership to all of the content on our website broken out by category further broken out by course. Each course then organized in a logical reasonable fashion making it much more easy to find what you need than can be done on a YouTube page. We also include added resources such as Excel practice problems PDF files and more like QuickBooks backup files when applicable. So once again click the link below for a free month membership to our website and all the content on it. We're going to be picking the United States version of the software and verify that we're not a robot. Zooming in a bit by holding down control up on the scroll wheel currently at the one to five percent on the zoom and noting in the cog drop down we're currently in the accountant view as opposed to the business you will try to toggle back and forth between the two views so you can see where stuff is located in each of them right click at the tab up top to duplicate it as we do every time right click in the duplicated tab to double duplicate we're going to be putting reports in these tabs as the tab to the right is thinking we're going to have to the left reports on the left we're going to be opening up the balance sheet report as that's thinking tab to the right reports on the left and then income statement profit and loss P&L close the hamburger otherwise known as the hand boogie range to the change from 010122 tap 123122 tap run it to refresh it tab to the middle close the boogie scroll up ranges to changes 010122 tab 123122 tab run it to refresh it that's the setup process that we do every time we're not going to be looking at reports that are breaking out income statement line items remember basically all other reports in essence usually break out some added information about a line item or multiple line items of one of these two financial statements balance sheet income statement otherwise known as the P&L profit and loss we're now focused on that P&L profit and loss looking mainly at the income line item I'm going to collapse it right now the income you'll recall that the major two sections of the income statement are income and expenses income minus expenses giving us that net income income could also be called a revenue category that's the increase in our revenues over a time frame now remember that most of the time when you put income accounts into the system you're not going to be breaking out too many income accounts usually you're gonna have very broad categories about what it is you do possibly breaking out in a most generic type of fashion between your your goods that you sell if you sell inventory and service items you might get a little bit more details you might say you know this is a certain group of items that I sell on the inventory side or certain service types that I do but normally you have very limited income account types because you're specializing in the type of thing you do and then you pay for whatever else you need that's why there's a lot of expense categories as opposed to the income category side of things which you need to be aware of and try not to do most of the time as a general rule is to create a bunch of income accounts that are tied to a customer so you might say hey this is my favorite customer or a big customer of us this is the income from Joe Smith you don't typically want to do that in a full service accounting system because one it'll make your income statements quite long and two you can typically get that added detail in the subsidiary reports breaking out the information by customer per for example so you don't want to put it here on the face of the income statement the other thing people typically do is break out too many categories in terms of what they sell service items inventory items you don't want to have every an income account for every different little item you sell you know because you'll end up with a whole lot of income statement accounts on the profit and loss again and again usually you can get that information from another report now when I say usually we got a point out the exception here so if I hit the drop down you'll recall we're looking at the income side of things now so the income cycle which you can think of as the customer cycle and if you have a very simplified cycle then you might not be using the forms that are the sales type form so let's go to the most complex to the simplest this time if you if you have a cruel system where you have to invoice the clients because you do the work before you get paid then you're gonna have to invoice the client and then receive the payment so the invoice form is the form that creates the sales line on the income statement if you have a cash register like a food truck you get paid at the same point in time you're on a cashed based system but you're still going to use the full service accounting system entering the transaction with the sales receipt and then depositing it into the bank however if you have a very simplified kind of structure where you can basically have gig work maybe you're getting paid by YouTube you're getting paid by Amazon you're getting paid by these other platforms or something like that then you might just wait till it clears the bank possibly using bank feeds which will create a deposit form typically to record your income if you're recording income that way could be a perfectly fine way to do it because it'd be simplifying your system a lot but the deposit form doesn't have the same capacities as the sales receipts and the invoice to create the sub ledger breaking out income by customer and by account therefore if you're using that system it's likely that you might have a bunch of income accounts basically named by the customer who's paying you might call it Amazon income YouTube income AdSense income Google income or whatever and so we'll talk more about that kind of system when we get to the bank feeds course or section at a later point so just keep that kind of caveat in mind if you're using invoices and sales receipts to record your revenue then you probably want to have a limited amount of income accounts so that you can then you could then get the added detail if you need it with the sub ledger reports breaking out income by customer and by item let's look at those now so I'm gonna right click on the tab to the right and duplicate it and we're gonna go on down to the reports on the left hand side and I'm gonna close up the hand boogie scroll down a little bit so we've got the business overview report who's always use here's the sales and customers this is where you would think it would be now there's two reports that look quite similar that we want to just point out they can be a little bit confusing you got the income by customer here you got the income by customer and then you also have these sales by customer summary and sales by customer detail reports you would think these are basically the same thing but in essence there I believe the income report is the one over here that is actually kind of tying out the net income income minus expenses so if you sold cost of goods sold they're gonna apply the cost of goods sold you know to the customer that you purchase from so it's kind of like tying out to gross profit in essence as opposed to the items over here which which is the ones that first come to mind to me which is breaking out the sales the top line by income so let's open up this one first we'll go to the income by customer summary let's open that one up and check it out I'm gonna change the range up top from 010122 tapped well 3122 and run it to refresh it and there we have it we've got our we've got our customers on the left hand side we've got the the income by customer so if we scroll on down that comes out to the 10 280 05 if I go back to my income statement and look at the income side that's not the income statement the income statements over here and the income 10 200 so it's pretty close not exact on it and notice oftentimes you might be a little bit off or it's more likely that there's gonna be a difference between this income report and the sub ledgers over here because QuickBooks doesn't force you to to use the system in such a way that the sub ledger will turn out correct every time like it does with other accounts so for example if I go back to the first tab and I look at this balance sheet account of accounts receivable you'll recall we found it accounts receivable aging report which tied out exactly to this number that will typically be the case because QuickBooks will not allow you typically record something to an accounts receivable account without assigning a customer in such a way that QuickBooks can then make the sub ledger tie out to it and that's quite nice because with this particular account that's very important although it does cause problems as we'll see when we're doing adjusting entries when we don't really want that to be the case the same is not the true not the same or it's not the same if you go over to the income line items meaning if you were to record something to income with it with a journal entry or with a deposit form as you might do if you were recording with the bank feeds then you might not assign a customer in the same fashion that QuickBooks can then add it to the sub ledger so that's why it's more likely that your income account will be off than your sub ledger but if you're recording all of your income with the sales forms invoices and sales receipts and assigning a customer to it it should be tied out it should be correct also note if there is a problem with this one it's not as big an issue as it is if there's an issue on the balance sheet side of things with accounts receivable or accounts payable because these are temporary accounts so at the end of the year they're gonna close out and you'll start over again with a zero at the beginning so if you if you got out of whack somewhere it'll reset itself at least on a yearly basis so you can get back in alignment and move forward from that point in time okay so if I go back on over then it gives us our expenses which are typically going to be the cost of good solds here now sometimes you might have a more complex kind of job cost system where it might be something different than that but now it's got the expenses and then you've got the net income which isn't it's a little deceptive of a term because it doesn't tie out to the bottom line of net income but this is the impact on net income of these transactions or gross profit in essence so that 968341 you would think would tie out to basically gross profit in this case I went to the wrong record again which would be income minus the cost of good sold or in other words that 405 you would think would tie out to this number it's a little off it's a little different because of that some of the issues we just talked about so that's one of the two I kind of sub ledger reports notice how nicely you can you can create bar charts you can imagine and we will do in future presentations to use this data to create like a pie chart of who your best customers are who you sold to the most to and that kind of stuff to kind of spikes up your the visuals on your reporting possibly for a month and reporting and quarter and and year and let's go to the other one I'm scrolling down into the reports again we're on the sales reports this time let's look at the sales by customer let's just look at the detail item sales by customer detail range into the change in from a 1 1 2 2 tab 1231 2 2 tab run at and so now we've got just just the total column here broken out by customer the bottom line of it we would think should tie out to what is on the income statement 10 to 80 and we're close not quite on the profit and loss report so there's that one same same kind of concept you could take this data quite easily export it to excel for example which will probably do in a future presentation and make a pie chart out of it or make a bar chart that can give you some good visuals so let's go back to our reports again and close up the hand boogie and scroll down one more time and did I did I skip it here I'm too zoomed in I can't see right it's too zoomed in so now we'll look at the sales by customer detail now notes you also have this sales sales by a customer type and that would be applicable if you have you know customer types as a category category section you can take a look at that but we're just going to look at this one sales by customer detail sales by customer detail so I'm sorry this one sales by customer type detail I'm going to go to this one sales by customer detail let's pick that one up and change the range again from 0 1 0 1 2 2 tab 1231 2 2 tab run it to refresh it so now you've got the customer information and the actual activity per customer so this is a nice report that gives you the detail but this is one of those reports that you might not use quite as often because you might look for this kind of information over here if you're if you're trying to communicate with a particular customer on this side where you would be going into the sales the sales side of things which would be kind of like the customer center I'm going to close up the hamburger and if you went to the sales transactions then here's where you can sort those transactions and possibly sort by the invoices for example or you can sort by the sales receipts so now we've got the sales receipts that we're sorting by and we can also go to the customer side of things and we could sort by the open invoices and so on so if I'm actually communicating with an invoice about the sales we made to an individual we probably find the individual in here and then look at that the detail that they have within it as opposed to say running a report like this and then looking for you know the detail within the report was my thought process on that but there is this one now next time in future presentations we can also imagine and we'll do again next time I hit the the arrow here or the hand boogie and then scroll back down these sales reports that are going to be by item by the things that we sell so we'll break those out next time so that will be good times next time and let's just hit the hand boogie I mean sorry the the the cog and switch to the business view just to see where stuff is located as we wrap things up and now we know the reports of course are in the business overview business overview and then the reports and then we know that we've been in the get paid and pay area and we've been talking about the the in the get paid area we talked about the invoices and we talked about the customers and then that sales area you got to remember if you're in this business view or talking to people that are in the business view is in the bookkeeping area transactions up top you got the sales stuff up top so you can sort in that area as well