Welcome to our open house and obviously you've done some research if you're here and you know that our real estate program is within the school of architecture, the graduate school of architecture planning and preservation at Columbia University. It is a program, a full time program that standalone undertakes three semesters, and you start in June and you complete your degree the following May. So it's a very efficient system, we believe, for undertaking dedicated real estate studies. Just so that you don't get confused at Columbia University, there's also the business school that does not offer a real estate specialization or real estate concentration, but they do offer a handful of real estate courses that you can do within an MBA. The difference with our degree is that we are totally dedicated to real estate to you learn all of the things you need to learn in business, but they are applied directly to real estate, and not to, you know, other types of business activities. I think that this gives you a much deeper understanding of real estate if this is your chosen area. This also enables you to form a community of amongst your classmates and with our alumni of people in the industry who are, you know, dedicated out there working on it, essentially form a big professional and business network. So we really think that that's invaluable for you as a, you know, as a, an option to become a real estate professional. So just before I get going people ask about the, the combination or the connections between these two entities providing real estate studies. There's no formal connection. There's no dual degree. What we do have is that we have a lot of business school students coming and taking courses in our program, elective courses, which we allow them to do. So if you find that there's something in the business school that's more generally about business, and you'd like to do that. You can of course, register and try and do that degree. However, our program is very, very rigorous and intense. And mostly you'll find that there's really not too much time to be taking in other things. So let's get started with talking about our program. I'm going to share screen here. This is it. I believe there we go. Okay. All right. We are within a school of architecture planning and preservation school of the built environment. And for this reason, we are not just treating real estate as a business as transactional activity. We are interested in the assets in addition to all of the financing, all of the investment and all of the trading opportunities. So we look at the build environment much more holistically. We believe that you come to our program to understand how you create and participate and invest and maintain and make money in this urban environment or in the environment of the built form. The objectives are as follows. Obviously, you know, we want to be the best program and we're constantly working at doing that by changing our courses, you know, modifying our courses. But particularly we have a rigorous and interdisciplinary curriculum. This is fundamental to what we're about. It's a very it is an intense degree. It's not, you know, easygoing. It's you're there to learn in three brief semesters. But it's, you will get significant deep dives and will find yourself incredibly well, very capable and, and well enough, cognizant of all of the things in the industry once you get out and take jobs. We are interdisciplinary in that we do look at the various other aspects of the built environment through the other programs in our school that includes architecture, urban planning, preservation and so on. We definitely have significant number of more courses in real estate than in an MBA. Plus we focus all our activities, our networking, our social events, our guest speakers and so on on real estate, rather than a more diluted situation in an MBA. I myself did my MBA at Harvard Business School. So I do know the limitations of MBA programs, and I do know that you're able to get a much more extended and extended in breadth and deeper dive in terms of knowledge and rigor in our program. We have outstanding faculty drawn from industry, we have full time professors and we have adjuncts who come in who are obviously working, practicing at the, at the core phase, and they provide you with not only knowledge but also their very real experience in how real estate works. New York City of course is we're very lucky to be here. It's a cutting edge of real estate of the real estate industry. Whether you're looking at the aspects of development, finance, investment, private equity, depth structuring, or even PropTech, which is now becoming a very important part of real estate investment in our activities. And we have a partner in New York City, Metaprop, which is one of the leading PropTech venture capitalists, capital firms, actually in the world. We have a global outlook, even though we're based in New York City and it's a fabulous laboratory to understand a lot of things about real estate. We realize that at least 50% of our students come from overseas, and we, we encourage them to be able to understand all of real estate with respect to their own backgrounds and their home countries. Plus we like to introduce all of the class to many of the global issues. And of course real estate though you will hear it's local, local, local. Of course today, the money flows globally, the interest in investment flows globally, even with the use of technology, offices and businesses and so on function globally. We are really keen that you get some literacy on the technology that's emerging in real estate. Real estate was a laggard in adopting technology, but now it's definitely utilizing it for very important things such as environmental sustainability, and so on. You will be involved in learning of those, those new initiative of those initiatives. Diverse network of alumni and industry contacts, we have now approximately, well at least more than 3000 alumni globally. You are able to get to know those alumni, some of them through being adjunct teachers, some of them being mentors, others coming in as guest speakers and others whom you meet just through our networking activities. I also have good contacts in industry I worked for 15 years on Wall Street and many of our professors also have been involved in, you know, broad industry activities, and they are able to pull in industry contacts major players in the industry to come and speak to you and tell you about, give you their perspective and tell you about the things that they've learned. Our location is our strength, as I say, New York City is a wonderful laboratory here, lots of new things have been tried out. People are very competitive. Things like finance are often at the very, very pointy end of what's happening in the industry, development technology is advancing here and so on. Additionally, as I say that being in the Graduate School of Architecture planning and preservation is a competitive advantage. We have professors on, we have our own full time professors, we have Professor Asher Katie there. And we have a professor Adam Levinsky, who are both people with planning slash architecture backgrounds, and they teach or they reach across into the urban planning studies and program. So not only are you able to reach across the study but we actually even have our faculty doing this connection. So you learn the environment in a number of ways. Finance, it's a tool, it's a central tool for real estate. And, you know, we are absolutely adamant that you become incredibly capable in financial analysis that doesn't just mean doing spreadsheet models and so on it means being critical and truly understanding and interrogating the financial models and what you, how you create those and how you utilize them in support of your arguments and your activities in real estate. Physical development, we do take much more seriously and involve you in the learning of that much more than typical business school real estate programs. So what schools are about business with within the physical environment. We really look at how our assets are active. What are our users, who are our users, what do our users do, how do they use the space and so on. What does that mean. And in a world that's dramatically changing and how we use our office space or workspace what that means today. Also working from home or how we use homes and also through to the you know the whole invigoration of many types of forms that used to only be for hospitality. We're finding that the physical function and the the actual understanding of the structure and how it works and how people use it and experience it is a key part to being innovative and creative, and even you know have insight into better investment opportunities than someone who just knows the numbers. We see development as a creative and responsible act we see real estate investing as a creative and responsible act today if you're investing in real estate you become a steward or a custodian of a building through its life cycle through the holding period. You become responsible for its environmental performance. You become responsible for the materials that are being used and may even need to be disposed of upon a building demolition. So the whole post the whole notion of real estate now, no matter what role you play in it is creative and is socially responsible. We have a connection with the business school we also you can see courses in the School of International and public affairs policy school at Columbia. Also we have a lot of connections with the computer science folks and the data science Institute. These are not none of these are formal, but we have obviously good opportunities to mix with those people. The program is absolutely committed to a diversity of a real estate professional. We don't know how real estate is going to be done in five years time 10 years time 50 years time. We do know that the built environments rapidly changing we do know that capital structures are rapidly changing people's attitude to to investing in real estate changes. One thing is to establish a very versatile professional that's able to take a take undertake a number of roles, depending upon the changes in the context. So we, we make sure that you are you were learning to be prepared for traditional or non traditional roles in real estate. Non traditional roles are you know associated with community land trusts with property technology and so on and things like that. We also, although we focus on giving you a very, very strong core education in real estate, very important that you now reach out to many other disciplines. Essentially you come you learn to be a real estate professional but then you add to it your particular interests in various other aspects. You know we have people who were interested in real estate and it's relationship to mental health, and so on so you can reach out to other disciplines and start to understand that intersection. You can work we, you know, we involve both the private and public sector in your education and therefore you have the option when you graduate to join either sectors or even be prepared for changing, moving between sectors throughout your life. That's happened to me it's happened to a number of our professors, and, and so on it's good to be able to embrace that. Also, you know to become entrepreneurs or go into a structured workplace. Some people start entrepreneurial activities in their during their program. They may have been doing entrepreneurial activities prior to their program and so on. Other people would like to go out and get some corporate experience learn how some of the bigger institutions undertake real estate.  We have both local and global engagement. We utilize our alumni network globally. But we also obviously use our alum local alumni and industry contacts. We're very focused on your career development. This is not that we get to a job or, you know, you know, we're not, we're not a search firm, but we understand that you're doing a professional degree, and that your learning is very much to be a support for your career, not just when you first graduate, but throughout your career. So, we work with you on, you know, considering your skills when you come in, what you need to build, how you are going to include all possibilities to set yourself up to be a full professional upon graduation and, and then various training programs that Rebecca, Polymeter, speak to you in a minute about how she takes, takes you through that process. Our curriculum. Oh, community, I've lost a why they, but anyway, our curriculum is, you know, it's very hard to break it out and segment it, because real estate is really comprised of all these aspects that we've together. We have the financial we have the physical we have the delivery activities, you know how you actually undertake a transaction legally, what sort of entities you have to have to structure it, and also how you manage the development process. We do all of this, of course, within a with a lens that's really, really dedicated to the environmental sustainability of what we're working with that is the built environment and as you know it is currently one of the, you know, the biggest problems in terms of environmental sustainability, but also for you has tremendous opportunities communities we believe the real estate is about the provision of an asset for an environment for communities. So working with the communities and understanding community needs is absolutely key to the way in which you look at all of these activities. And as I say digital the new use the new use of technology is constantly growing. And so you will be incorporating that into your studies. While you undertake studies courses in these various activities. The idea is that towards the end you build synthesis you're able to pull together all of these many aspects of real estate person is like a conductor. You have to be able to be across all of the instruments of an orchestra and understand how they're pulled together to create a proper composition in terms of a real estate deal, a real estate development, or whatever part of real estate you're going to be active in. So synthesis is a very important thing that we have a view towards right from the outset, and that is that really takes place in a in a formal way in your final semester.  Basically real estate professional capability. Here, some of you will come with experience and background in some of these areas. Others will be in others. We really are keen at this point that you don't just come along and, you know, say, oh I already know that but you come along and be part of a community that is learning and learning together and helping each other in getting up to an understanding of all of these aspects. And so you're able to understand what all of your classmates are going to be about what people in the industry typically know and how they think about things, because you're going to be doing projects with your classmates.  In semester, if you don't have too many electives there. In that semester. And, oh, sorry. You don't have too many electives. Those the ones that you do have a usually for a little extra deeper dive for those who don't have any background in a particular area. In semester now some of these course names have changed. These are just general descriptions of what the courses, the core courses are. So, you know, just be aware of that. So second semester, then we start pulling things together, you start actually taking these basic skills and putting them together to form projects. And how real estate transactions occur how investment decisions are made, how real estate developments are envisioned and planned and delivered, and so on. Also in this semester you continue your learning with some electives some electives are going to be, you know, supplementing your development of an area that you didn't know much before. You're going to be starting to provide you with deeper dives in areas that are particularly of interest to you. Sorry. In the, in the third semester, as I say this is where you pull up the things together, you do your own individual capstone projects which is a full development proposal of a property not just a transaction not just buying an existing building, but taking an existing building and proposing a major development or redevelopment, doing the conceptual notion of how that building will be in terms of physical form, functional use, and so on. Detailed financial analysis for both financing the building and for the development process. And then you know how to realize the profits at the end with a capitalization of, you know, of the future income. So the capstone project is, as I said, it's going to be an individual project selected from six or seven choices that you were given in New York City. And therefore you'll be competing against other classmates also doing a similar project. And it's a it's a very good professional thing for you to undertake and, and when you're out interviewing for jobs having that capstone project as a delivery deliverable is very, very compelling. You know, when you're talking someone about a job. You also are, you know, continuing to build your knowledge of the capital markets and financing. You're also really including a very important area today of the built environment that is affordable housing. And then you have lots of electives, including a part time internship, if you haven't had much prior work experience. So they're the major. That's the major breakdown of the various semesters, the general points of overview. I'm just going to pause there, and I'd like to introduce the faculty that we have here. So we have Kate Asher Professor Kate Asher. Hi there. Hi. Okay, we have Professor King, Cecily King. Good morning. Good. There she is. And we have Professor Munsell Christopher Munsell. Good morning everyone. Okay, and Professor Adam Lubinsky. Is he there. Oh no we've, we've, he's off for the moment. But anyway, Professor Lubinsky so we have their full time faculty. As I say we have a number of, we have about 60. We have a number of faculty, many of whom are our own alumni but others who are just leaders of their various areas in real estate. So any questions folks about, you know, these objectives, these class, these semester structures and so on. We've got a couple of things in, in, in the chat. Just be sure it's spring. What do you mean in spring? I responded by, I think, I think we're good. Is there any way that we could have the faculty who are here to say a minute or two about the classes they teach and, and their backgrounds to get a sense of that quickly. That'd be a great idea. Kate, would you like to Sure. Can you hear me. Yes. Great. Thank you. Thank you. Thank you. Thank you. I have been teaching in the program for about a decade. And I tend to teach classes that as Professor Darrington mentioned, touch on planning and the process of development. So in the summer, I teach an urban planning class, which is an introduction to it's called the political environment of development, but it's all the context for the development work that you'll be studying and doing and it's meant to be an introduction to cities in general and the context of development in New York in specific. So it really touches both of those. And then in the fall, I teach a development analysis course that takes it one step further once you've learned the context. We start looking at a specific site in a neighborhood of New York and we walk you through the process of thinking about what the appropriate program might be for that site. It has financial considerations that has political considerations, community considerations, and a series of other things. So it's very much on the development side. But we also think about how you would put together the financing to make a project happen. So those are the core courses I teach and then I teach a series of electives from year to year some of them around transportation. I teach a DSG class, I teach a development history class so the electives tend to vary a little bit year to year and my background is both in public and private sectors. I worked for tornado a real estate investment trust I also worked for Mike Bloomberg when he was mayor for the Port Authority and Incorporate Finance so as Professor Darrington said we come from some of us come from both public and private sides. Is that okay Jessica. Excellent. Thank you Kate. So you, you're currently teaching a course you and Kate, you know take teaming a very core important course on development and pre development. Yes, so my name is Leslie King. I am a real estate developer and consultant I'm also an alum of the program I've been a professor I started out as adjunct faculty and now I'm full time faculty with the program I've been teaching with the program, just under two years. Because my focus really is around development, like Professor Darrington said like director Darrington said, one of the courses the core course that you'll see me for as part of the program is centered around the development process so how do you look at a site understand the options for the highest and best use for it, the community considerations layering that with the finance and and really prepare an investment memo, or development proposal, using the tools that we get to learn throughout the course of the program. It's, it really does overlap with the work that I do on a day to day basis and I try to tie that work into the electives. Professor said they can vary from year to year, but I really do center around real estate development and community and economic development so really real estate development as that tool for community and economic development. I work in a number of cities around the country. Detroit is where I've spent a lot of my professional life. And so I really do have a focus on how do you think about the tools for real estate and their impact on community. And so you'll see me for courses around affordable housing, equitable development. You'll also see some development case studies. And, um, yeah, that that's that's really kind of the breadth of what I've, I've focused on as a professor with this program with great amount of, you know, experience and on the ground every day. And Professor Chris Mansell is our finance professor. Thanks, Patrice likes Leslie also an alum of the program and started off as an as an adjunct professor and now here full time. I've taught in the program since 2017. I've done several courses in total but for is is what you'll most of you will have me for enough fall and spring semester. I teach real estate finance to, which is the second core real estate finance course, you'll take in the program along with underwriting so you're working on analyzing property financial statements, and ultimately coming up with with what they're worth and what you would pay for them. That leads into the spring semester, which is your third and final semester to drill state finance three the core. The third core real estate finance course, we'll talk about the capital markets as a whole, but with half the semester broken down on the debt transactional side of the business the second half of the semester on the equity side of the transactional business and then ultimately you'll come together with a project on on how you structure and raise a debt and equity for site that you'll select. I also teach an advanced placement course called advanced case studies a real estate analysis which is really focused on preparing students who want to go or at least want to understand more about the private equity universe and the day to day responsibilities that that they would encounter if they either worked in acquisitions and private equity or acquisitions for developer prior to Columbia I've just under 15 years professional experience both on the debt and equity sides of the business one for a no market institutional investor, and for a series of lenders before that, and I'm currently currently a principal at APRE which is a real estate consulting base practice. Thank you. Excellent Chris. So, wonderful now Jessica will I get back to maybe we'll continue on with the. I would just say if anyone has any questions for those faculty otherwise I think if we continue on with the presentation and then move right to Rebecca usually there's some career career questions. Right. Any questions for our professors and about that structure of the program the sequence and so on. No, all good. All right. Okay I'm just going to finish up with a few images of the types of activities we have. We obviously have a very good array of guest speakers, we talk about community development and so on. We have case studies, the students undertake where they specifically look into projects that have been completed and analyze and critique them. We have various significantly industry leaders come in and speak. We now have our annual conference, which we hold at the Pierre hotel. And this is where we have speakers such as Jonathan Gray and other major leaders will come and present and talk at that that's where you're able to start mingling with industry alumni industry professionals and so on. We have lunch box lectures we usually one a week, if not more, and we have here we have people that range from our own alumni through to other people out there in the various areas of real estate. We also have round tables where which we create as more of a dialogue where you're able to talk about various aspects with a speaker and hold an engaging dialogue. We also have panels where we have a number of participants focus on a particular topic. And here we have you know the lending in the real estate cycle which is always an important topic for real estate people. We also have, as I say, an important push to to understand what's going on globally. Our students come from those areas from variety of areas and we encourage them to speak about their countries and teach their classmates about what what the class what's happening back in their homes. But also, you know we have studied we have courses on cross border development, cross border financing, international rates, and so on. We also go to lots of companies for presentations about their projects and about their development activities. We will do site tours of specific developments particularly in New York. We, you know, we'll go to even major developments such as the rebuilding of seven World Trade Center by Larry Silverstein here. We attend conferences, we have variety of conferences where we where our students are able to go. And, you know, they're usually bonding things as well. In the spring we usually have study trips. These can, these will either be Asia, South America, Europe, and so on. Brazil is often a destination as our parts of China. Here's Hong Kong. We also absolutely adamant that you use this opportunity to build your professional network. So we have you get working with your classmates doing, forming clubs and activities, plus with alumni, your mentor with a you, you were given your get to work with a mentor one on one throughout the program.  So our mentor events where our mentors will come and meet with students. Very important for us, as I say is supporting you in thinking about your career and how you're going to approach that. We do invite in a lot of interested potential employers to come and speak about their companies on a day in the spring when you're ready to be looking for jobs. There's wonderful attendance and, you know, really great interaction with companies. Rebecca will speak more about how she posts the jobs that we are advised of that would be available to you and so on. Of course, lots of fun, lots of enjoyment, lots of relaxing and letting go of the tensions. And we do remember that we're here to form a community that is going to be visionary and creative about the future environment built environment. So thank you for that. I'm going to stop the share on that and we go back to Jessica, please. You're the commentator. Yeah. I just want to thank all the faculty for being here.  Thanks for being here. And next we'll move on to Rebecca Anderson Palomita Rebecca has a long career in higher education administration, particularly around careers. The alumni know her they love her and we will turn it over to her. Hi everyone. I have been at GSAP now for will almost be seven years but I've been doing career development in the real estate arena for the last 10 prior to Columbia I was working at the NYU Shaq program which I know some of you might be considering. So if you have any questions about the differences between those programs I'd be happy to answer those my emails at the end of this presentation. I'm going to share my screen. Can you see that you can see it is everything okay can you can you view it. Yep, we can see that thanks. It's not letting me enter full screen. Okay, so I guess you know I want to start off by saying your career development while you're here at Columbia, you decide to come is basically an extra personal course each semester. It's your own personal course each semester so you don't obviously get any credit for but it's your own personal course. It takes time each semester there's different things I'll talk about a timeline, but it is my. It is my strategy to prepare buys guide and present employment opportunities to you. Individual career counseling sessions which I take pretty seriously. I was talking about the open house yesterday in person that I pride myself in meeting with you individually I pride myself in getting to know you getting to know your personal careers your backgrounds where you'd like to go every you know Jessica was just putting in the chat where we know the backgrounds that people come from. We get a lot of different backgrounds we get career changers and I feel like I'm pretty you know affluent in talking about all those different areas. We have career development sessions, like Professor during to mention we have a spring career fair, the career focus lectures, the mentorship program where you get paired with an alumni. We also have a spring internship program where the have the ability to partake in a part time internship in that last semester that you actually get credit for. We have our own job job board called G G SAP gateway, which is essentially like the LinkedIn for G SAP so it is something that is internal that just focuses on employment for all the programs that are within G SAP. You can connect with alumni within that there's resources, there's events through there so it's kind of like our own little little portal for you all. These are some of the things that you'll be learning learning during the year. This is a professional etiquette, you know, this is this program is an equivalent to an MBA so everything's very professional resume and cover letter writing your job search and how to search for opportunities in real estate, leveraging your LinkedIn and social media industry relationships salary, interviewing and proper presentation interview skills. This is just a quick snapshot like I said if you have any more specific questions feel free to email me. I want to know about the titles that students will receive after the program, whether it's roles in finance whether it's roles in development, because we have students who have different years of experience so there's different roles involved. This is just a snapshot of the positions in the areas for the class of 21. I won't have the class of 2022 out until six months after graduation. But I will say that I mentioned yesterday and the in person that there's more hybrid roles that are coming out in the hybrid roles touch finance and development. So it's a combination of both but if you decide to come to the program. We'll talk about how close you want to work to the asset that you're interested in so on. So we're going to be here the class of 2021 Professor Darrington has really made and Professor Montsell has really made the curriculum so finance heavy and it's so important. And we have a lot of students are interested in that but I will tell you we have plenty of students who go into the development side as well. We have a lot from family business. I will tell you this net this last class of class of 2022 there's more entrepreneurship so I guess that we have this is just a bulk of where the students go. So just an example of some of the firms that have hired from us in the last couple of years. I will say, typically we're at 65 to 70% of students will have a job by the time of graduation. There's about 10, it ranges but a 10 to 15% of students we have no idea where they go they go back home to their family businesses or to their countries. Typically I'm working with 10 to 15% you know within three months of graduation but our rate of hiring has been almost 90% within six months of graduation which we're very thankful for. One of the things I just want to mention quickly, there's going to put here in case you want to email me is as far as the timeline goes. Professor Daring was talking about how each semester the courses and the rigor. The first semester is typically you're focusing on your coursework, you are focusing on networking with your classmates and getting to know everybody that's in the program because that's going to be huge for you. After the programs over is building those friendships, and then researching areas of real estate that you're learning in the classroom. So you're kind of compiling things together. The second semester is really where you start to prepare yourself on paper. You want to narrow, we're going to narrow down your areas and trajectory in the fall. You can really begin networking in the fall and preparing and for and applying for full time roles in the spring. And then the third semester is more networking finding roles and actually applying participating in the spring internship program. And then obviously the annual conference but as Professor Darrington mentioned there's plenty of ways to network and really learn from so many different people alumni industry, but if anybody has any questions, feel free to email me. And I guess that's it Jessica unless anybody has any other questions.


Pretty much every time an NBA 2K game launches my hawk on the game trying to get as much information as possible so that I'm creating the most overpowered build in the game. This year is pretty hard to come by information so I've been trying my best to get as much as I can. And in the process of doing so I've come across some builds with a variety of different play styles that I think are going to be the best builds when NBA 2K 19 fully launches. So let's get into it. The first build and credits to Davis on this one because he sent me the screenshots is a Playmaker primary sharp shooter secondary. This was a popular build last year so I thought it was going to see some nurse because they were trying to balance the game. But this build is the only build in the game six foot four and under where not only do you have a great three point rating. You have silver shooting badges but on top of that you can speed boost off rip and you don't have to break attribute caps and upgrade your player to do it. So you can be a dribble head with a good three point shot. Now we don't know what the defense is looking like on this build but if you're an offensive oriented guy and you like to handle the ball. Without a doubt this is your build and chances are one out of every three point guards will be using a build like this is going to be popular. You'll see it everywhere. I would recommend reducing your wingspan because this year wingspan makes a dramatic difference in your attribute category. And who is it grizzly sent me this tweet here six four shooting guard sharp shooting playmaker which is a playmaker primary sharp shooter secondary.  But if you look closely it says open shot three seventy nine seventy nine. If you reduce it from six four to six three with the minimum wingspan you jump up to an 80. Shout out to NBA 2k lab. These guys do the most for the community and they just came out with a badge comparison website. I'm going to leave a link in the description if you guys want to play around with it. But I'm going to use it for this video just to show you why I think some builds will dominate. You go point guard playmaker primary sharp shooter secondary update the badges. So obviously you get all the playmaker badges on gold includes ankle breaker break starter pick and roll my show. And of course probably the most important one dimer. But more importantly not only do you get an 83 point shot which by the way is impressive considering seven three pure stretch bigs with max wingspans have a seventy one open shot three. You will have a three point rating ten higher than a pure stretch that's seven three with the max wingspan. So of course you get the silver shooting badges includes the limitless range and corner specialists. But you also get mid range dead eye tower the score difficult shots. And I was hoping catching sheet with silver and bronze and that's unfortunate. That might have been their way to try and balance the game because had it had catch and shoot on silver would have taken the already OB to another tier. Ladies and gentlemen this is the do it all offensive build. We don't know what it's like on defense yet. But I I'm going to make one myself. And I'm going to leave Davis is linking the description he made a build video. You can click that and watch his video if you want to know more information. But let's move on. So the next archetype is actually two archetypes and I'm having trouble deciding between the two. So I'm going to put them in the batch comparison and we'll make a decision together. Depending on your play style one of these builds will make sense. And again is at the guard position. Both of these are point guards. One is a pure shock reader and the other one is a shock reader primary playmaker secondary. If you like your pure shock reader last year I'm just being honest. It looks like pure shock readers are back and better than ever to the point where I don't even like shock readers but I'm really considering making one off rip. You get the full hall of fame badges you'd expect to have the score of difficult shots which is one of the best badges in the game mid range that I and tear dropper tear dropper is specifically important if you remember because Mike Wang said you can do tear drops off spin moves and euros this year. So if you're a really good player you can find in credit you can find a lot of creative ways to use that badge to your advantage. Of course there's the acrobat up and under. Whoa what? Why do shock readers get up and under specialists? Shouldn't that be a post-score thing and they get it on gold? I'm so confused right now. The reason I put this build on the list is because of the silver badges. For whatever reason this year they gave pure shock readers all of the sharp shooter badges on silver. They got corner specialist on silver, limitless range on silver, catch and shoot on silver and then lob city finish on silver. So of course you're going to be finishing the ball well not as good as a slasher but well. You're going to be able to handle the ball because you're a shock creator and you can fade coming off of screens so you don't even need much space to get open but on top of that this build depending on the height you make it between 63 to 64 you're looking at between a 74 to a 72 open shot three. That's not a great rating but that's definitely something you can work with. I thought it was going to be in the high 60s. So I'm just saying if you've been a shock creator kind of guy you're going to love this build I can tell. So the shock creating primary playmaker secondary I'm not as big of a fan of but because of the sheer amount of badges and attributes it might make sense. Now my thinking is that since shooting is going to be harder this year in the playground and in the pro m if you have a build without sharp shooting like if you have a 70 open shot three but you wouldn't even really have the shooting badges the way the pure shock creator has a shooting badges you might benefit from like picking roll maestro gold but that's coming off screens what about times where you're not coming off screens. They're both really good. I just think I would rather have the pure shock creator over the shock maker. That's really dope. I didn't even know they did that. They compare the amount of Hall of Fame gold silver and bronze badges to one another. The next bill then this one should come obvious. You should have seen it coming is the pure sharp shooter. Every year you use the pure sharp shooter you can look at the actual screen and on paper it definitely doesn't look impressive and each year it looks worse and worse on paper. But when you get into the actual game it is one of the most useful archetypes ever. I'm just saying if I'm playing on the park or the prime I'm going to want one of these on my team at all times. Not only does it help stretch the floor but if shooting is harder this year then it's going to pay to have an archetype that can most consistently hit their shots and you can rely on them. So you can just take a look at the badges. They have a Hall of Fame corner specialist deep range dead eye which the dev said is bound to activate more this year. So it's going to be more helpful than it was last year limitless range which the dev said got a pretty big nerf this year compared to last year catch and shoot which is always one of the most useful badges in the game and free throw ace free throw ace is important because some of the big men in the game aren't even going to have bronze free throw ace this year. So you could potentially playing a prime game hack the other player put them at the free throw line and there's a good chance he just goes one for two with a good release. So I'm just saying late game if there's one archetype you want to pass the ball to to hit a free throw is this one right here. Of course they got the tireless score on gold. The mid range dead eye on gold and the quick reflexes on gold which I assume is going to help pick off interceptions. Maybe what does that do that badge. I don't think this is going to be the best build in the game by any stretch of the imagination. I just think it's going to be the most useful build. You're going to need shooters on your team. That's all I know. The next archetype and you guys know this if you watch my videos I'm really excited about is a pure glass cleaner. I don't know what it is about glass cleaners this year. I am incredibly excited for them. Well I do know what it is. We saw the gameplay right and I'm not talking about the prelude gameplay that's all beefed up and it's not actual sliders when you get in the game. I'm talking about the gameplay I reviewed in the video a few days back. I see a lot of benefit to having glass cleaners ladies and gentlemen I think that they will be offensively a liability because you're not you're not going to be able to shoot threes in the corner like you did last year just because you have hot spots and some boosts. You're going to have to put your glass cleaners on offense 18 feet away on the mid range and just get them ready for easy little Jimmy. But where I see this bill dominating is just getting you three and four shot attempts because they're always coming down with rebounds and then God forbid you get to take over badge with the glass cleaner and it tells you where the rebound is going to lie the second the shock goes up you're beating everybody to the boards. And then at that rate you could just start to chuck up shots with sharp shooters and shock payters and playmakers and the glass cleaner will always be there. I really recommend you go back and watch that video I did breaking down the gameplay a few days ago because it really really outlined why not only is strength going to be important but you're rebounding waiting because even if you're in bad position this year you can fight your way through a whole lot of bullshit to come down with rebounds like sharp shooters glass cleaners don't have a ton of badges but the badges they do have are very useful. Put back King Hall of Fame break starter hustle rebounder which I assume is going to be one of the most useful badges in the game. Of course bruiser is always annoying when you're setting a million screens Hall of Fame brick wall and that doesn't even include charge card somehow you get rim protect around gold I didn't see that happening. So you're nice on offense and defense on the board. You have the strength but now you can apparently swat everything away as well and then they even laced you with like a posterizer on silver.  Ladies and gentlemen what happened to the lockdown defenders this year not only is stealing buffed from last year which I don't like but if you have a lockdown this year I know you're going to think I'm exaggerating because I use big words you will get a ton you will be picking the ball off and intercepting so many times and probably the reason I'm most excited about this build is because if you max out the three point waiting for like an average lockdown is going to be around 55 which isn't good this is a player and I'm going to say this because off rip I don't think this player is going to be good but for the people who grind I think the lockdown for grinders is going to be the best build in the game. If you grind and unlock all your three point attribute caps you will have around a 65 open shot three and then you might think agent I don't think I can hit consistently with a 65 open shot three I don't have a lot of shooting badges but you do I don't know why you do but you do if you look down here and scroll down of course you have the pick and dodge the pick dodger defensive stopper chase down artist all the stuff you'd expect from a lockdown but I do not know why they did this they gave pure lockdowns silver corner specialist so I know some of the devs were talking about how they wanted to buff the offense for lockdowns this year so that more people start to create the build but I might have think they went too far giving them silver corner specialist not only will you be menacing to all those play sharps trying to jibble around you or those point guards the shock creators but on top of that you're telling me on offense you won't be a complete liability and if you want to play the safe route and you're not great at timing a jump shot and you think 65 is too low you can go with a lockdown primary and sharpshooter secondary now the badges on this aren't as good and with the lockdown badges are everything so I would probably just recommend the pure but I know I was looking for lock sharps all last year on the program and I couldn't find one there's not many of them out there but it's a very very useful build a lot like sharpshooters on paper it doesn't really look like it's as good as a pure lockdown but when you actually get in the game and play with him oh my god to have the consistent three-pointer on top of a player who can lock down and stop that five out cheese is so useful so all of the Hall of Fame badges except quick reflexes surprise surprise gets relegated to a gold so you don't have them on Hall of Fame that's an L but you still keep the silver corner specialist and you get a bump to your shooting attributes on top of that for whatever reason they gave him a deep range dead eye of silver a limitless range of silver a catch-and-shoot of silver so depending on which way you want to roll with it I am so excited to play with and hopefully get on an account and try out one of these builds I don't know if I'm gonna make one because I can't see myself grinding all the way to with a lockdown I can't see it I might just like buy it off somebody I won't you know what no I won't because that's against TOS and I would never do such a thing oh ladies and gentlemen there you have it those are the builds that I believe will be the most overpowered come mba2k19 launch do yourself a favor come on mba2k lab I'm not getting paid to say it I'm just saying you could investigate here and get some more information the way I'm doing on Twitter and on the website if you guys enjoyed the video make sure to drop a like subscribe to the channel because I'm gonna be dropping a steady dose of these 2k19 videos I'm gonna catch you guys in the next one I'm out peace


The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good Monday morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN just after 9 a.m. Eastern time. We got about 30 minutes to go until the start of trading. It's gonna be a wild week, folks. We got a Fed meeting. Fed announcement on Wednesday, all but expected. We're gonna get a 50 basis point hike. We'll see how the market reacts to that as we come into that Wednesday announcement. We also get a non-farm payroll for the month of April on Friday. Lots happening. We got earnings happening this week as well. We kick things off and you got the S&Ps almost unchanged. We've had some volatility overnight, though, folks. You wake up, you say, ah, the S&Ps are one point away from where we were Friday. Maybe today won't be as volatile as Friday was, but folks, you look at the action overnight, okay? Now, just because the move was so remarkable on Friday, okay, it looks like we haven't just chopped around at the lower level on the S&Ps, but that is because we have a high to low point on the S&Ps, folks, of 160, 160, 160 S&P points. Friday was one for the history books, man. Watch out from 4280 down to 4120 and we're jumping around right on that number. Now, I mentioned overnight, you were as high in the S&Ps as 4158. You just gave up more than a full percent. So so much for the volatility being over, folks. We just gave up a full percent from where we were at three in the morning. NASDAQ 100 did it as well. We've bounced now from those lows, but you traded from a price of 4158 down to 4110. That's a 48 point move. In the S&Ps, we're almost back to flat. You take a look at the NASDAQ 100, man. Let's take that Fibonacci number off there for some clarity. You trade from about 13,500 towards the end of Thursday. You got a spike on Friday to a price point about 13,425. We're sitting about 600 points below that number, folks. Now, as I mentioned, let's take this one off there as well and this one as well for some clarity. NASDAQ 100, we're only negative by 17 points, but get ready for some volatility, folks. We got commodities moving. We got a lot to talk about on Monday morning as we commit to the month of May for trading. This morning, 3 a.m. Eastern time, you were trading at 12,976. NASDAQ 100 traded down 210 points. Is that right? Yes, it is. 210 points from three in the morning till the low at 730. We've got a little bit of a bid. Gonna be an interesting open to say the least. You get the Dow right now. Positive by 53 points, but again, you zoom in on just the morning action we had. Three in the morning, you're trading at 33,000. High 33,117. You trade down almost 300 full points to 33, excuse me, 32,833. We're right near that 33,000 mark right now on the Dow and you get the Russell, negative by two. Bitcoin, we're gonna talk a little crypto this morning as well, man. Ethereum going a little bonkers over the weekend with virtual land sales, interesting in the crypto world. Bitcoin up 430 bucks at 38,017. We've got Ethereum trading at 2,806 right now. We got gold. There's a drop off for you, man. Gold, negative $51 right now at 1860. You got crude, negative by $3.62. Crude was up to 107.99 on Friday. We're back to 101. We just had a hundred handle on crude. And then you jump to notes and bonds. You're not gonna believe it, folks. We're getting lower price and higher yield. A little bit of sarcasm there. We come into a Fed meeting. 50 basis points is the expectation.  We're at 2.96% right now. You take a look at this 10 year, you put it on a daily, coming right back down to those lows, folks. We're only about 14 ticks away from the lows we made on April 22nd. We got a little bit of a bounce, a slight reprieve. And just like that, we're coming right back down to those levels. Not sure we've had a week like this. Now, man, the market you could say was getting ready for it. Market is forward looking. Okay, we've had quite a sell-off from 4,600 back to start off April. April was like all negative action, folks. We've got a couple of bounces here. But these red bars, from really 4,500 on April 21st, we're sitting at 4,127. And you're talking about right near the lows we had for the lows of February. To be exact here, going back. So you put them on your charts. The low on February 24th, 4,101, okay? That is the low from the pullback, 4,101. We're only 26 points away from that in the S&Ps, folks. The low on March 15th, 4,129. Actually below that right now. The low from March 8th, 4,138. Actually below that right now. May 2nd today, 4,110,75. So you're talking about nine points away from the lows we made on April 24th. We zoom back out. There's your volatility around that number, man. We'll see where we go. Now, S&Ps on a larger term perspective, we put this thing back on a five-year weekly to get the full COVID run. My dad's been talking about it, folks. It's gonna be interesting. The 3-8-2, we're now below the 2-3-6. This was a one-way shot from 2,174 up to 4,808. And last week was a little dicey, folks, for the first time in a while on Thursday. No, Friday? Friday, excuse me, Friday. Early in the day, too. Ahead of the sell-off that really started late in the day. I'm gonna jump around a little bit to start off the program, okay? But let's take a look at the S&Ps. You look at this chart, okay? We're zooming in just on the trading day on Friday, okay? Yes, things were in negative territory, but even at 1.30 p.m. Eastern time, you were sitting at 4,200, okay? That was from 4,260. So you trade down 60 S&P points by 2 p.m., still dicey action, but we're almost used to 40 to 60 point swings in the S&P. I'd say the real acceleration went for the final two and a half hours of the day. Yes, you have some green bars in there, but it was a one-way shot, folks, and it was accelerated in the last 15 minutes of the trading day, and you basically came in right into the close at lows of 4,120. You traded down 80 S&P points. Now, the dicey scenario here is that Amazon and Apple, both coming out. Amazon trading down another $30 today. My dad was talking about this on Friday as well. Amazon's so hard to buy when you're talking about a stock trading at this price level. They will be splitting 20 for one. But yeah, maybe you get something on your radar if you're looking, folks, because there's nothing to stop this thing from pulling back. I mean, we're sitting at 24.50, excuse me, right now. Pre-COVID highs, 21.85. You're talking only about 260 points from where you're at. It's only 10% from where we came into COVID. Remarkable, but they saw quite a slowdown. They lost money for the first time, okay? Lost money for the first time in a long time, not the first time. And they said they might do it again next quarter. The thing that gets scary there, man, is when you start talking about we lost money last quarter, we're gonna lose money in the quarter coming up, but then things are gonna get better. The market says, hold on a second, that's your almost best case scenario, right? Amazon is certain, and I'm giving you the bear case from somebody who is a long-term bull on Amazon, okay? But when you're looking at the next three to six months, there is a potential risk for a real pullback here, because what you heard from Amazon, what you heard from Apple was some dicey stuff, and it all had to do with, guess what? Apple said all the paying for supply chain issues, they're all coming next quarter when we report to the tune of $4 to $8 billion of supply chain issues. That's what they know already. They're already in that quarter. What's gonna happen when you go forward? We will find out, folks. It's gonna be interesting to see how the market actually reacts to the 50 basis point. Hike gonna see what's in the press conference, what's in the statement from Chairman Powell. We get an announcement, 2 p.m. Eastern time on Wednesday. We get a press conference at 2.30 p.m. Eastern time on Wednesday. Put that one on your calendar, folks. It's an important one. We're getting a little bit of a bounce as we come into the 9.15 mark. S&Ps up six. Stay tuned, folks, we'll be right back. We have a lot to talk about. 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. What's separating you from the most successful men and women on Wall Street? That's right, information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market profile-based scanner. Powered by its acclaimed TAS proprietary algorithms, this feature-rich scanner instantly filters over 2,500-plus global financial markets, such as stocks, ETFs, commodities, futures, and forex. 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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. Welcome back, folks. We give you the S&Ps, positive by four, NASDAQ 100, positive by four as well. Dow up 93, Russell in the positive as well. All the markets in positive territory. You got Bitcoin up 500 bucks. Market catching a little bit of a bid, but man, I would say it's just jockeying for the opening position where they open those gates, folks, because we've just been shopping around basically right near the lows of where we closed at on Friday. Overnight, you did have a little bit of volatility, but we come into the opening bell, basically unchanged from where we were on Friday and where we were on Friday, folks, was basically the lows of a day that traded down 160 S&P points. Remarkable to say the least. Okay, let's jump around to some of the headlines. We're gonna jump to Chairman Powell. Powell's Fed set to go big and keep going until inflation is tamed. Good luck, Chairman Powell. Fed expected to raise rates by half a point in May, also expected to do the same in June. We find out Wednesday, as I said, 2 p.m. Eastern Time announcement, 2.30 p.m. press conference. Inflation could push Powell to signal restrictive policy ahead. Yes, I would say so. I'd say that's a reasonable assessment of what may happen. The Fed chair and his colleagues wanna lift rates expeditiously to a neutral level this year that neither stimulates or restrains growth around 2.5% then slow the pace of tightening. It's kind of interesting that we, I would say we know what's happening on Wednesday. We're getting 50 basis points. I would say the market is pretty certain we know what's happening in June, but guess what? We know things can change, man. We got another month like April. The Fed might give some pause to jacking things up. It definitely will take 75 basis points out of the equation. A month is a long time when you talk about what happens at the June meeting. But as of right now, being data driven as the Fed is, yeah, you're looking at 50 basis points, but we got a long way to go folks when you get past those two meetings in terms of is this having an impact? Is inflation getting tamed? We're gonna get some comps that are not as difficult when we get into the late part of the year where inflation was already raging in 2021. On a year over year basis is inflation gonna be raging again in 2022? That would be very worrisome. If we have inflation still raging when you're dealing with comps towards the end of 2021 where inflation was already beginning to start to rage, that is when I would really start to get worried here that the Fed might let it get out of control. But guess what? We got a long way to go. We're talking about a solid six months or so where there is going to be extreme volatility folks. So this volatility is not gonna end because nobody has the answers. Everybody can have opinions, but there are so many variables in play right now. And that's what I found myself assessing on Friday. So in kind of a thought experiment, okay? Try and convince yourself to have a thought experiment, okay, of what the next three to six months may look like. The economy is strong folks, okay? I mean, some of these companies, even Amazon, Apple, some of the numbers that they're putting up just staggering. Amazon did lose money in North American operations. I saw one analyst writing about that the market probably figured that losing money in North America for Amazon operationally in terms of their retail was probably something that the company was passed. No, it's not. But these are trying times, okay? The scary part is Amazon, Apple, they said the next quarter is gonna be a tough one. They're already telling us folks that the next quarter is gonna be a tough one. Amazon might lose money for two quarters. Apple's gonna lose at least, I would say, four to $8 billion. That's the number that they put out. That's the number that they put out in the quarter we're currently in, right? In the quarter we're currently in, Apple said, we've already began this quarter. All of the supply chain issues are gonna be in this quarter. We're currently in that we're gonna report on in three months, okay? And we're talking about four to $8 billion. Well, what happens three months from then? What happens if China is still dealing with some serious supply chain issues, et cetera? There is some serious risk. It might even just be a tail risk, okay? But there is some serious volatility risk to the downside in this market. When you look at where we are, where we've been and the potential for just a reasonable pullback folks, we're sitting at 4129, 3791 of 382 is completely reasonable. And I would say almost 3500 is the mark that if we get a real pullback, that's an area that I, if I have some cash dry, that I would really begin to start looking at it, okay? Cause you're talking about another 15% down from where we are right now, you're talking about 3500, but let the data drive where we're going. Cause right now, they're selling everything folks. And that was one of the other parts of this, you know, you even look at a company like Microsoft, okay? Even a company like Microsoft, as strong as they are, is back to the 382 folks from the run. So you better believe the S&Ps can get back up there cause Microsoft is strong like bull, man. Yeah, you probably got a little ahead of itself up to 350. They were the brightest spot last week of all, beating on everything. There's the acceleration when they beat Tuesday after the bell. You close out the session at 270, you make it up to 290. But here's what I wanted to show you. Nothing is going to be protected if this market sells off. Cause even a strong stock like Microsoft on Friday traded down $14. Did you hear that folks? $14 from high to low. We were at 290, we missed it by 12 pennies, okay? And almost made it down to 276, missed it by 50 cents. So what is that? $13 and 38 cents to be exact. Folks, you're talking about a 4% move down on a strong, on a stock that was the strongest of all. The point being, this is a market wide acceleration and whichever way it's going, everything is going to get dragged up or down. So there's Microsoft, there's your S&Ps. We're not even close to where Microsoft is. That's the 382 and 50% is totally feasible. And you know what? It almost makes sense that this market is crazy enough right now to pull right back to where we started off COVID potentially, which is pretty close to that 3,500 point mark. We've never lived through something like this folks. I have not lived through something like this. Inflation is raging. That alone would not be as worrisome, okay? The reason why it's raging though are supply chain issues. The most worrisome thing of all on Friday was that supply chain issues are just starting to come into earnings, right? They are just creeping into the forecasts of the biggest company in the world, Apple. They told us that the numbers that they just reported, which was a record quarter outside of the holiday quarter for Apple, okay? Do not reflect supply chain issues that they are going to be dealing with from China in the next quarter. I know I'm harping on it folks, but really try and process it. As somebody, myself, I'm 42 years old, okay? And I'm talking about investments right now. I'm not too worried, all right? I have the time to write it out. If we pull back for a year, we pull back for a couple of years, I'll be fine. If you aren't hearing retirement, I would very strongly consider that there is a serious risk, even if it's a tail risk folks, okay? It's, if it was easy enough to buy this market at 4,100 saying everything's priced in, people would be doing it. There is substantial risk to the downside. A lot of us have been caught many times on some of the equities that have pulled back so harshly saying, you know what? We've pulled back so harshly, the risk has to be that there's a greater chance that it goes up than it goes down, but that has not played out continuously. And you jump to the likes of the fan favorites, Roku.  Netflix, of course, this one's a scary one folks. Sitting at 192, you're gonna be up a couple bucks, but man, the pain just does not end on Netflix. You're trading at 185. Roku, Zoom, another one, right? Now, ARK has been in the press. You're sitting at 47 bucks right now. Just be careful folks, because the S&P's on a contextual basis, relatively sitting near the highs of where we are. Now, yes, you are back to basically a year ago, which is crazy. We give it all back a year folks from where we were in the S&P, but please consider that there is severe risk to the downside still because this market, it's not possible right now to factor in all the risks when we don't know all the risks. They are just beginning in some aspects for some of these companies' reporting. What might be a dicey six, nine months, man, as we come in. We got the opening bell coming up folks, markets in positive territory. Stay tuned. We'll go over some of the equities we got with earnings this week. We'll be right back. If you wanna take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metals sector, as well as the markets that move gold, which is the currency and bond markets. News subscribers get a 30 day money back guarantee, so you have nothing to lose. 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You're looking at all the markets barely in the positive. S&P's up six points right now. NASDAQ 100 up 18. You get the Dow up an even hundred. Russell positive by four. Crude sitting at about $101.22. Right now, you're down $3.50. You're down dramatically from where we were on Friday, but crude. Volatility persists to say the least and talk about volatility, man. Gold down 2.7%. You're down $51.18, $59. The dollar index just continuing strength, man. And you get dollar index strength, folks. It is gonna hurt the gold contract priced in dollars no matter what is happening with inflation. It's a head scratcher, but I think that one has continued to play out. And if our rates continue to rise as they're expected to, especially in comparison, we talked to our man, Teddy Kegstad. Wednesdays at 9.40, Teddy making some great points, man, talking about the US versus Europe, right? The rates here versus Europe, the bid, the strength that is putting here versus the dollar versus whether it's the euro and the likes of some of the currencies over there, that is giving the dollar some serious strength and that is probably not gonna pause anytime soon. A few gold bulls out there. Be careful because you got a dollar that is strong like bull in a big way and you got the Fed just beginning to lift off, man. And we're talking about checking back. We're talking about now yields continuing to run. We're above 2.97%, folks. We might get 3% by the time I'm on the air right now. As we jump over to the chart and see where we are, look at the drop off we just had from 8.30, folks. That is a remarkable drop off from where we were just on 8.30. This is a five minute chart I'm looking at right now. You're at 118.19 below anywhere we were overnight, below where we closed out on Friday's action as well. Okay, jumping around to some of the articles I had up here. So we started off with Chairman Powell, okay, talking about inflation of course. Now they go through a number of different factors in here that we're all somewhat familiar with. One number to keep on your radar is the expectation for non-farm payrolls for the month of April. That number is out Friday at 8.30 in the morning. The market will be looking for 385,000 jobs added. We all, you talking about 6.6% when you're talking about inflation, it's gonna be an interesting one to see what Chairman Powell says. Now jumping around to another giant out there. This is an interesting one as well. The biggest treasury buyer outside the US quietly selling billions. Now I'm gonna jump real back real quick because one thing I wanted to pull out here, man, is that the numbers that the Fed's gonna be dealing with, come on, it was in the other article, this one. It was the number, no, it's gonna be in this one. All right, because they're both similar. This is talking about Japan folks. It's talking about investors can find good debt opportunities in Europe for Japan, rising currency hedging costs and Fed hikes deter inflows. So not a good sign when you got Japan, okay, not buying any of our bonds at the same time you get the Fed rolling it off. Now I wanna get one comment on the type of action you're gonna get from the Fed in here and they're talking about, come on, where were we? All right, I'll get this one at the next break. It was dealing with, I think $9 trillion, there it is. Okay, so the Fed is gonna pair its $9 trillion balance sheet, okay? The largest overseas holder of treasuries has offloaded almost $60 billion over the last three months. Now Japan has a $1.3 trillion stockpile, but folks, 60 billion on a three month basis. If that accelerates in any fashion, you can put a big hit in 1.3 trillion and when you're talking about 60 billion here or there. The currency costs for treasuries at the highest level in two years, you're talking about 1.5% and you see the run just from December of last year in terms of the currency costs for Japan, it's a significant amount of selling and on par with what we saw in early 2017 from Japan, we're gonna get the 50 basis point hike, the 10 years currently sitting, check this out. Yeah, not 2.91, we just said it's at 2.97 as of now folks. Buyers who pay to protect against fluctuations in yen dollar exchange rates see their effective yields dwindle to just 1.3%. That's the problem going on with Japan right there, folks, okay? That's because hedging costs have ballooned to 1.55%, a level not seen since early 2020. It could be a perfect storm here, folks. I mean, the Fed is gonna unwind the balance sheet and I think it was on here. Yes, here it is. This is the quote I wanted. So the Fed's got the $9 trillion balance sheet, okay? Minutes of the March meeting signaled the committee will likely agree to start shrinking that $9 trillion balance sheet in May, quickly moving to a maximum runoff pace of $95 billion a month. Now that sounds like a lot, $95 billion a month. Not when you're talking about $9 trillion, folks. I mean, you can be running off bonds at $95 billion a month for what? Seven straight years to get through that balance sheet and then you have Japan drying things up as well. What is that gonna do to the lack of demand in that market? If there's a lack of demand, that means the price should fall. There will be less buyers, okay? The Fed's been a buyer for a long time. If they're gonna be less buyers and you're seeing it already play out, right? That is why we have the tenure because who wants to be in this market? Look at this market, turn a negative on the open. Watch out here, folks. So I was having a great conversation with my dad on Friday, just talking about protecting yourself, right? In the long run, especially when you're talking about retirement and just being aware of the possibility of a pullback. Because a lot of people in this market, folks, are convincing themselves that we've pulled back 700 points in the S&P that everything is baked into this market and there is a substantial risk to the downside as we go forward over the next six to nine months. And as long as you're aware of that, that's one thing if you wanna take that hit and make it through it, okay? But if you're not willing to take that hit, I would cautious you to lighten caution you to lighten up right now, man. Because it's not stopping, folks. S&P's down 20 points right from the open. You're seeing the 10-year drop right now and you got the 10-year yield approaching now 2.98%. We might get to 3% by the time I'm off the air with the way this market is moving right now. I mean, we just gave up a half a point from where we were in the last basically hour in that 10-year, remarkable. And I could spend the whole show going over these two articles, folks talking about the Fed, and then talking about this one, which was so interesting in terms of how Japan is now gonna be, they were, as it says, the largest buyer outside the US for the Treasury and they are now selling and you can't blame them folks selling.  The currency conversion cost on that alone, though, is pretty remarkable if you wanna hedge against that in a big way. As I said, the reason why it's so remarkable folks is because the dollar has been strong like bull, man, and it ain't gonna stop. All right, let's jump around to some of the stocks we got moving. What do we got? Yeah, how about Berkshire? So they were out this weekend, Warren Buffett, Charlie Munger, and interesting, so they had a big stake in Activision. They reveal, actually, they have even a bigger stake now. 9.5% of Activision and they're playing an arbitrage play here. They think that Activision is gonna get sold to Microsoft at 95 bucks. There's your pop on that news. Activision's up 2.2% today as the market sells off a bit. The price that Microsoft will be paying, 95 bucks, right? Look at that news. Initially spiked it to 86. Buffett's been a buyer saying, hey, guess what? We think the deal's getting done. It goes to 95. If it doesn't get done, we know it's gonna go a little bit lower than 95. We'll talk a little bit more when we get back. Interesting action. Are you in the market for buying or selling real estate in the Bay area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay area. Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels. 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To obtain a fund's prospectus and summary prospectus, call<PHONE_NUMBER> or visit Direction Investments.com. A fund's prospectus and summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, foresight fund services, LLC. 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. We're at the markets in negative territory. S&P's negative by 11 right now. You get the Nasdaq negative by just nine, zooming in on the short-term action to see we got a little bit of an acceleration to lower prices. We're getting a little bit of a pop, man. This market, that's 100 points, folks. In the Nasdaq 100, as it goes positive, 12,872. Let's check out how some of the big dogs are trading this morning. Amazon, down another 3%, man. Watch out for this market, folks. As I was saying, Amazon, okay, and Apple. All right, Apple down 0.6%, Amazon and Apple. Amazon, negative quarter.  Negative quarter, folks, okay? Now, here's what I will say, is that part of the reason why they lost money is because they expanded too quickly. All right, this is the long-term case. Short-term, be careful for the next three, six, nine, 12 months, okay?  That is not going to change. The infrastructure that Amazon has built out will pay dividends, folks. I'm in central Florida, right near Lakeland. They got warehouses aplenty.  I'm sure even more than that that I can't even keep track of. They built it out too quickly, though. And that resulted in extra cost. I think they spent over $100 billion in expenses, like $108 billion, something like that. $112 billion maybe was their expenses for the last 90 days. Think about that. They're spending more than a billion dollars a day to run their company, all right? Eventually, though, those warehouses, those delivery drivers, it is going to catch up, folks. They said it's going to take a couple quarters, though, and the market does not like to hear that. That was the scariest part of it. Market does not like to hear, we lost money last quarter, we're going to lose money next quarter. But don't worry, after that, things are going to be okay. That is worrisome, folks. They will be okay, in my opinion, but they might not be okay in the next quarter, you know? That's just kind of a rosy scenario. I would say Amazon's pretty certain the current quarter we're in right now, it's going to be a tough one for them, all right? They're dealing with the same issues many companies are. The ones after that might be tough, too. They probably are just struggling to analyze how that's going to react. You jump to Apple, basically flat right now. We jumped to Microsoft, up 6-10th percent. You could say Microsoft a leader after their earnings. Google shares right now, down about a 10th percent. We jump over to Tesla shares, getting catching a pop-up 1.3 percent. Okay, jumping back to the earnings companies we have, Amazon deepens gloom for battered e-commerce stocks. So Etsy, Shopify, and Wayfair, among some of the other companies reporting. Boy, you talk about some companies, man. Shopify, there's a pop for you ahead of their numbers, up 5% for Shopify, up to 449 on the open, man. The volatility in this market. I mean, yeah, that's a great start to the day. It had a better start to the day on Friday. We all remember how that went, so be careful here, folks. Shopify, TFNN, we use Shopify for our website, folks. Great platform, down from 1762 to 445. You are now where you came into 2020, not even the COVID highs, pre-COVID of 593, okay? You're now back to where you were trading at in Shopify in August of 2019. So Shopify, they'll be out with their numbers. May 5th, so they're out with their numbers on Thursday. And yeah, there's a move for you. You're looking at 11 to 12% pop in either direction on Shopify. $55 move priced into their earnings. We got Wayfair out with their numbers Thursday as well. Yeah, there's a pop. There's some volatility for you, man. What is that? 18% volatility priced into this equity, down from $300, 298 as recently as November. You're trading at 78. You are now below where you were coming into COVID as well. Etsy, I believe, is out with their numbers. You're down to 93 bucks. You're catching a little bit of a pop. They are out with their numbers Thursday. No, Wednesday. Okay, so we got Etsy on Wednesday, Shopify and Wayfair on Thursday. Etsy, yeah, it's about a 15% move priced back in, I know Wayfair back to 2018. Some tough go-arounds on some of these equities, folks. You're talking about quite a move priced into it and keeping in line with the theme of the day, folks, is be aware of the risks, right? Larry always makes a great comment. Don't think about how much he can make. Think about how much he can lose. In this market, you should be thinking about how much you can lose. And the reason why options are great, even when you're not trading options, is because they tell you at least one qualification, one calculation of what the market is pricing in that you can lose. And if you were trading Etsy shares today and you're gonna hold them through earnings, you have to consider that there is a realistic chance that they come out with their numbers and trade up or down $15. It's hard to imagine on some of these equities, folks, as far as they've fallen back, that the risk to the downside is as fair to the risk to the upside, but it is. So be aware of it, because our minds have a habit of tricking ourselves. Yeah, wayfair back to 2018. Zoom, back to 2019, right? Zoom's out with their numbers May 31st. They're up 2.3% today, catching a little bit of a pop. We put it on the 15 minute. Yeah, there's your pop on the open. But yeah, you talk about, man, a pullback. You are back to where you were trading at in 2019, folks. Just a remarkable pullback across the board. So be careful on these. And yeah, so they'll be out with their numbers. And we all know the risks. It just talks about it in a big way. Revenue for Wayfair projected to fall about 15% this quarter while the 26% growth expected to Shopify would be the lowest since 2014. I mean, when you're dealing with the multiples that these companies are dealing with, it's pretty remarkable that you get punished for going at 26%. But you get punished when you're trading at multiples that are almost video game style numbers. The consensus for Shopify's earnings reduced by about 9% just over the last week. For Etsy, its average earnings projection has dropped by 2.6% over the past month. It's down 30% over the last 90 days. Revenue declined more than 9% over the past quarter. These are all estimates. Okay, retail, be careful, man, in a big way. Yeah. Jumping to the Metaverse. Now, this is quite an interesting story. So the Board Ape, right? Have you heard about these NFTs? The Board Apes, they're all the rage. So this had to do with, they were selling land. ULABS, they've created the Board Ape Yacht Club. That's it, the Board Ape Yacht Club, okay? It's a collection of NFTs. They launched a sale on Saturday for virtual land related to its highly anticipated Metaverse project. So the Metaverse project isn't even out. They're selling 55,000 plots of land. They raised about 320 million worth of crypto in the largest offering of its kind. Demand was so strong that activity related to the event caused ripple effects across the entire Ethereum blockchain, disrupting activity and sending transaction fees, soaring the transaction fees, I think, of the most interesting part of the sole story.  That's the project's plan Metaverse game in the latest extension of the Board Ape franchise. Each plot cost a buyer around $5,800, and that was on the Apecoin, there's so much going on in this article. Apecoin's price of 19 bucks. We're gonna finish this up, cause we gotta break. You pay transaction costs when you do something with Ethereum. They're called gas fees or transaction costs. There was so much transaction taking place that those costs, just to get that transaction executed, skyrocketed to the point that people were paying as much as $6,000 or two Ethereum, just in transaction costs, in addition to the $5,800 they would buy for the actual plot of land that they were buying. You hear that? Just the cost of getting the transaction done basically brought Bitcoin, excuse me, Ethereum, to the point where the cost was worth what you were actually buying itself. Finish this up, get back, stay tuned, folks. 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 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices.  First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money back guarantee so you have nothing to lose. Every Monday morning, I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To seep yourself, the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. 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. Oh, welcome back, folks. We get all the markets in positive territory. S&Ps, you just popped 30 points, folks, in the S&Ps, man. The day is young. We got a man, Basel Chapman, coming up next. You get the S&Ps right now flat. NASDAQ up 47, Dow up 29, Russell up nine. Commodity is crude. Down about four bucks at $100 in change and the gold contract, man, continuing to drop gold down $56 at $18.55. We got some big-time dollar strength, folks, and you got yields continuing as well. I talked about we might get to 2.3%. We're at 2.99, just that close, folks, 2.99%. Right now on the dot, maybe 3% is getting saved for Basel. We got two minutes left in the show, though. We might hit 3% right now in this market. Just a remarkable action, folks. Now, jumping back to the story I was talking about. They launch virtual land sales on Ethereum. It crashes the network. What happens in that is that other sites, other different businesses that are using the Ethereum chain basically crashes the entire network. Now, this seems to me, folks, like an issue of the dot-com bust, okay? So you had 55,000 other deeds sold, 45,000 allocated to the board-ape Yacht Club and Mutants, okay? Then it gets into, while the 55,000 other deed NFTs were sold out around midnight, others were delayed. Apecoin is striving to become widely used in a variety of so-called Web3 apps. Now, they are backed by some serious venture capital funding, venture capital investors that help with Apecoin's March loss, including Anderson Horowitz and Animoca, were some of the biggest recipients of the Apecoin. So they get an airdrop, which means some of them received a billion tokens as a reward, but then they say they and other launch partners received 140 million tokens. I'm confused by this, right? It's like they automatically received a billion. They got 140 million. Nonetheless, folks, the price has nearly tripled since the coins released. So they're releasing their own currency. They're propping it up. It's where that rests, folks. I mean, it's such a hard thing to peg the value of all this stuff when it's all theoretical, but they talk about the slowdowns. Many apps have seen virtual land for crypto before, and then they've seen it slow down. Decentraland, the number of transactions down 35% in the last 30 days. Be careful in that market, folks. All right, be careful across the board. We got wild action, man. We got the S&Ps flat, S&Ps flat, folks. And why not? We'll finish it off with a VIX, utility index right now, 3476. Stay tuned, folks. Live programming all day. Basil's up next. Larry at 11. Larry's got a webinar coming up in two weeks. We're gonna get it up on the front page of TFNN by the time his show starts, folks. Have a great Monday.