The following is a presentation of TFNN. The morning markets kickoff with your host Tommy O'Brien. Good Thursday morning everybody I'm Tommy O'Brien coming alive from TFNN 906 a.m. Thursday we got about 24 minutes to go until the start of trading we have quite a weekly jobless claim lowest number since 1969 we'll pull that up in a moment but right now we're looking at the markets in negative territory as pretty much right where we were at that 830 initial jobless claims number tomorrow looks to be the number that the market is waiting for for CPI wage data inflation data we zoom in on the action there's your 830 volatility you could say that the market traded slightly lower on that news to 4677 but you're talking about only a few S&P points right now your negative 15 points on the session down about a third of a percent in the S&P is trading at 4683 all things considered though we back things up on a 15 minute basis you had a high yesterday pre-market at about 4712 that high was correlating to the news coming out with Pfizer and Biontech saying their booster look to neutralize the Omicron variant pretty tame day in the market yesterday you look at where we were you trade down to a low of 4670 almost you make it to a high overnight of just above 4700 right now with negative 15 points on the session you back things up a good 20 days though there's your acceleration from where we were on Thanksgiving down to a low of 4492 we've basically gotten it all back as we come into a pretty volatile week ahead we have the CPI data out tomorrow we have a Federal Reserve meeting believe we're talking about Wednesday and Thursday could be Tuesday and Wednesday actually a 14th and 15th I'll pull it up for the exact dates nonetheless Federal Reserve meeting next week always the potential they accelerate things a little bit faster than the market is anticipating that will hinge I'm sure on actually what comes out on the CPI data tomorrow but right now we got markets and negative territory given back some of the gains we've had over the last few days NASDAQ 100 negative by about 58 points pretty negligible on this chart we're looking at I mean you're talking about 800 points off of the lows that we had on two days you back it up whether it was the day of me that right with days that yeah we're talking about Friday all the way into Monday's action as well NASDAQ 100 right now down to 30% the Dow is off a 30% as well Russell off 6 10th percent Russell particularly volatile and the Russell been the slowest to get it all back right now in the middle of this consolidation area the Russell you're still talking about more than 200 points off for the highs Bitcoin this morning back under 50,000 at 49,000 445 you got crude off about 71 pennies crude had crude has had quite a bounce recently though you back it up to December 2nd we're still excuse me we're still about $10 off of that low we had in crude gold contract right now negative by $8 chopping around at 1777 gold's been actually pretty tame if you look at the action where we have the market selling off there's your action in terms of the action on the Friday following Thanksgiving since then just pretty tame action you're talking about a trading range in gold of about $20 give or take chopping around the 1770 1780 area in that gold contract we jump over to notes and bonds right now you're looking at a slight tick up in price there's your 15 minute chart you trade down to a low intraday yesterday of 129 31 right now we're at 130 13 and we jump over to the VIX with slight negative action in the markets you have a barely elevated VIX from the close yesterday you're sitting at about 2054 and the volatility index is this market continues to fade upward right now just negative by 13 points all right let's jump over to that initial jobless claims number quite a number we're breaking reference records left and right initial jobless claims 184,000 unadjusted claims increased we're gonna that in a moment and holidays may be throwing this in that's kind of what the hot take is on the quick take there's holidays every year though and you don't get a record back to 1969 applications dropped to 184,000 market was looking for about 220,000 there it is economists looking for 220 we got we have some volume there we go on an unadjusted basis initial claims climbed by 64,000 rising prices coronavirus they get into continuing claims here we go four week moving average 218 still quite a number on a four week moving average lowest since March of last year continuing claims for the state benefits rose to almost 2 million in the week November 27th up 38,000 from the prior period most states reported increases in adjusted claims last week led by California Texas and New York so that number hits this morning kind of the appetizer to tomorrow's main event which is the CPI a lot more meaningful number in the context of what's going on in the context of a Federal Reserve meeting coming tomorrow and with that we're gonna jump to another story of inflation this story out here on the Bloomberg at Bloomberg inflation near 40-year high shocks Americans spooks Washington so just some cool statistics in here to get into what we're looking at what we're looking at for CPI what we're looking at for a forecast inflation has stayed elevated for longer than policymakers expected I've pulled up this chart before they've used it in a couple articles but it is interesting CPI year-over-year in the red here the blue is in the future talking about forecast now the number that they have up here right now is the number for tomorrow 6.8% that's the number the already hot inflation is forecast to climb even further when November data comes out on Friday to 6.8% that'd be the highest rate since Reagan was president in the early 80s and in the lifetime of most Americans I was born in the 1980s under the under Reagan born in 1980 so I guess I could say that I saw that number but I saw it as an infant and rightfully so a number you know we've never dealt with this type of thing for most people folks under the age of 40 you really never experienced it unless you live through that and you had to be at some point of age to recognize it you know in terms of whether you're in your 20s in the labor force or older now the interesting one I hear to look at is the forecast so they're looking for 6.8 percent tomorrow and then they go quarter by quarter okay so March of next year economists are looking for 5.6 percent year-over-year now think about it though this is still quite a staggering number okay you're going to be dealing with some comps we're very familiar with dealing with comps because of the pandemic in terms of that's coming in at March of 2022 let me try and find March of 2022 here okay so that is actually a lower number complies yeah you're only at about 2.6 percent in 2021 man how things have accelerated since March of this year you you forward to the next one which is June still looking for a 4% year-over-year rise in June now that's where numbers were rocking we had a 5.4 percent number in 2020 the markets forecasting 4% in 2022 for that same year-over-year period but from things there things really trail off by September you looking for 3.2 percent by December 2.6 and when you get into 2023 you could that call that a normalized 2.5 percent year-over- year CPI number now those are the forecasts okay this article I read it this one it's a great article it is a long article we're going to talk about some of the charts on this we don't have enough time to get to it all this segment but they're important charts because they talk about how wrong economists have actually been coming into this a year ago economists were forecasting 2% inflation for 2021 folks I just showed you that the number they're forecasting for tomorrow is 6.8% so be careful of putting all your eggs in the basket of the forecast going forward to 2022 and 2023 yes it's possible that things really pull back that the world normalizes I think it was JP Morgan yesterday that said 2022 is going to be the year that we finally move past the pandemic that they called for an S&P I think a 50-50 something like that if that happens you're probably going to see those inflationary tendencies subside to some degree but man how much of a missus that 2% inflation for 2021 and we're coming into December for a November print of 6.8% put some context in these blue estimations for forecast going to the future stay tuned folks when we come back with a man Kevin Hanks will talk a little bit about inflation further in the show as well we'll be right back in three minutes stay tuned 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 Pezzavento on stocks you need 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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 get the s and p is negative by 12 right now all the market slightly in the red quite an initial jobless claims number out at 8 30 we got the main event for the week tomorrow with cpi data let's jump over to our man kevin hanks every trading day folks noon eastern time the td ameritrade network fast market kevin hanks tom white the team at td ameritrade network breaking down the day's market action walking you through hypothetical trade setups folks you're talking about defined risk you're talking about the options market kevin hanks good morning good morning time your brain yeah how about this i got two big numbers for you today today's jobless claims was a 52 year low in terms of jobless claims at 184 thousand 52 years last time we had a number of this low in terms of first-time filers for unemployment insurance and then the other number 182 dollars and 85 cents that's where apple hits the three trillion dollar mark in terms of market cap so two pretty important numbers today besides that well really we're just waiting for tomorrow's cpi we've got a softer open here in the market not crazy soft but still you know as a trader who thinks the market is going to go up a soft down market much like we had yesterday is probably the ideal way to trade because some longs get out you're able to get in and trade the opening here if it doesn't hold people will coming back into cover like they did yesterday so this is a pretty bullish setup here for the overall market going into uh the 930 open here tommy yeah it is remarkable apple man um it doesn't seem that long ago kevin when the race was going on i forget whether it was 2018 i think 2019 it was not that long ago to become the one trillion dollar company right yet apple google microsoft uh maybe amazon was in the mix as well and apple just pushing three trillion dollars man i just got a five day chart kevin up on a 15 minute basis on the thinkorswim platform and i got a price of 157 back to last week so you're up what 18 dollars almost in apple and you're only about seven to eight dollars away from that number so definitely achievable uh the number this morning pretty pretty decent number you could see some seasonalities always i was reading some hot takes already on that number and i said to myself season there's seasonalities every year though and just like you said we're back to 1969 man so a staggering number for sure all ahead of of course cpi data tomorrow uh it seems like i'm reading two to three articles a day right now kevin talking about inflation expectations uh i was just talking about a bloomberg article just kind of commenting on the forecast going forward maybe by 2023 we in the early part we're looking for cpi somewhere around 2.5 percent but it's interesting kevin because the same article talked about that this year maybe we'd see 2.5 percent and the estimate tomorrow kevin something like 6.8 percent maybe we're going to see on that number pretty staggering how hard it is for some of these analysts to peg these numbers as we go forward uh with some volatility to say the least man with with how up in the air kind of where we look to the inflation number and where we go from there as a trader and and you know i'm just going to pull it up real quick kevin because it was interesting man in terms of these estimations of what bloomberg had here and when they come into this is economist forecast march of 2022 kevin they have us down to 5.6 by june they're at 4 percent by september they're at 3.2 and as you come into december 2.6 uh where do you line up a little personal bias on how fast that because to me that seems pretty quick man that we get like a reversal to 2.6 percent in the next 12 months especially in context of how big they missed it this year you know yeah well coming let's go not only forward but let's go backward right drumpal's been trying to get levels of inflation and growth over 2 percent consistently for 10 years and he hasn't been able to do it now he's got them because of the pandemic because of the whipsaw economy that that that we had right now during the pandemic and now as we you know seem to transition out or lesser levels of the pandemic his biggest fear and you just you know walked him through his nightmare which is him you gotta think like drumpal like a flamethrower right and he wants to weaken the flames but he don't want to put him out right so it's a very careful uh needle that he's trying to thread of of tempering some of the growth but not exact not you know knocking out the growth and so this fall this this coming down in inflation is very careful that he wants to keep it high but not as high as it is right now tommy it's quite a balancing act man and it's so cool how um and in theory you know it it does make sense that outside of the crazy exacerbated levels of something like 6.8 percent that we might see tomorrow that it doesn't seem like it's the end of the world if you overshoot that two percent number occasionally if that's the number that's kind of the median number that you're reverberating and that's kind of what they changed their their policy attempt to at least um but boy like you said they we have quite a forecast over the next year and at jp morgan i referenced it to yesterday they were out yesterday saying 2022 might be the year that we finally move past you know the pandemic and the fears and the volatility if that's the case maybe we see those prices return but always in the back of my head man i say ah they were a little bit off this year man and so we'll see where we go next year as traders you got to keep those possibilities folks in terms of at least that things might not go um and i would say as rosie because like you're saying that's that's kind of an ideal situation the forecast right now kevin because if that's the way it goes chairman paul's all set man we're back to 2.5 percent by the end of next year we're all set uh but we'll see where we go we get a little indication tomorrow we still got some earnings companies coming out uh this week kevin we get some movers for sure what are we talking about on the program coming up at 12 o'clock today yeah well we covered lula levin yesterday so today we'll cover chewy the online uh pet food uh seller and then we'll look at in the in the first block that's like like folio will cover chewy and the first one we'll look at well the headline not one today that's apple and then in the third segment we're looking casco today tommy casco man quite a stock you got some good ones kevin chewy i hadn't looked at this one in a while man and this is why folks people talk about you know i they were talking about our tigers stand yesterday kevin that there's a you know extreme example that people could be done if you don't have exposure to the few companies maybe like apple that are just plowing higher i look at chewy man you're up at 120 earlier this year you just got cut in half down to 60 along with some other big ones as well but casco quite a run man this year you started under 400 you're pushing 530 let alone you come into 2020 at about 300 uh well kevin we look forward to the conversation as always man i can't wait to see what happens tomorrow we'll talk to you next tuesday we're going to have a lot more information and we're going to be coming into a fed meeting next week already on the heels of that cpi data man so i look forward to it thanks for having me on time you always a pleasure you too kevin have a great show have a great weekend we'll be watching at noon eastern time today folks tune in every trading day uh there's a lot in flux right now we got a vix sitting right at about 20 20 53 to be exact and uh this is potentially next week folks we'll see what happens i mean as in volatility you saw what just happened basically since thanksgiving we're basically sitting at all time highs we're going to get inflationary data tomorrow we're going to get a fed meeting next week and that is the first fed meeting that we're going to have after chairman powell said it's time to retire the word transitory you better believe that fireworks are at least possible folks uh because if he's going to accelerate things he's trying to push that message as kevin said it's quite a balancing act right so maybe that first introduction uh when was it last week now in terms of retiring the word transitory maybe that was the first introduction to uh chairman powell maybe ratcheting up the timeline of that taper of the rate rises we'll find out starting next week and we'll get an indication tomorrow with the cpi data stay tuned folks i'll be right back from the market open are you having fun 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folks we got markets open we get the s&p negative by 14 right now tech stocks nasdaq 100 barely in the red by about a quarter percent 16,350 the dow off about a third of percent in the russell leading the way off seven tenths percent right now we jump to commodities you got gold off about two dollars right now we jump to crude you get the crude contract right now trading down 61 cents all right jumping around with us we have going on before i get back into the inflation jump to some of the stocks that are moving this morning where are we there we are cvs so ahead of their investor day they raise their guidance 2022 adjusted profit 810 to 830 per share market was looking for 824 better than expected revenue raised the 2021 outlook they were trading higher pre-market cvs there you go up about 2.3 percent i believe they have their investor day going on today for cvs hormel out with their earnings they beat by a penny revenue that also top forecast double digit growth across all its business segments they are trading higher hrl is their symbol and they were trading higher they give it back they're basically flat on their earnings restoration hardware how about this one trading higher in a big way i talked about this yesterday i think they had about a 58 dollar move almost a 10 percent move priced into the equity and guess what they get almost exactly that to the upside folks crazy you put it up on a daily excuse me there's your daily action now this thing had traded pretty lower and right just like that you might get right back into that consolidation area the consolidation i'm going to add a drawing add that box right there i mean you could say that consolidation stretching from the better part of april all the way to november and just like that you trade up 9.3 percent on restoration hardware and they beat nothing insanely staggering i mean they have a decent beat maybe the market was a little bit worried about whether they'd be able to live up to the expectations of a stock that's traded so much higher recently earnings of 703 40 cents above estimates revenue beat forecast as well they lifted the low end of their revenue outlook and the market takes it and runs with it now game stop not quite the same scenario uh well you know what before we get there i'm just going to comment on on fashion rental company so rent the runway i'm not familiar at all with this company fashion rental i guess is what they do not quite the chart that you want to take a look at i guess maybe they just went public in october at 24 bucks push paper out to the public that's their first earnings they're down to 1003 now i bring them up down 12 percent of the session because stitch fix man they are in trouble too which crazy is i was looking at stitch fix and i think i was going back that i had believe i had yeah i believe i had an earnings trade around march um and what i was doing was i was a little bit bearish and i think i sold a call spread so i sold a credit call spread above the market of like 75 to 76 it tanked on the earnings and ended up collecting that small premium um but man this stock has just been pummeled since then and they're in trouble i mean this one stitch fix we didn't talk about it yesterday um let me see if i can pull it up in time but they really are sinking in terms of what they have going on maybe this is the one now i'll pull it up at the break but in terms of their revenue this year versus the revenue next year they're in big trouble uh when you see the decline all right i'll have to pull it up because they got a bunch of different price downgrades upgrades for stitch fix when this thing tanked yesterday but it speaks to the same thing renting fashion right stitch fix stitch fix they they are very very expensive when you talk about delivery of clothing items what you're seeing the fashion arena of the high cost renting fashion you know delivering high cost apparel and what it is might not be what it's shaping up to be that is a very competitive space to be in it's very difficult for fashion to be done online you're seeing stitch fix pay the ultimate price here you're getting a bounce but man that is a dead cap bounce in a big way up three percent you see the market cap of this company now about two billion dollars that's a tough one folks you start getting under a billion dollars you know there's a lot of companies out there that are billion dollar companies that aren't even public let alone you just hang from 113 down to 20 dollars over the course of basically less than a year yeah February 113 on that equity all right i'll pull that up too to illustrate on stitch fix GameStop though jumping around they are lower they posted decent numbers but a wider loss compared with a year earlier disclosed in an august subpoena from the sec involving the trading of its shares yeah it seems like the sec should be all over what's going on in some of these meme stocks GameStop you're down about 2.7 percent today i was listening earlier this morning they were talking about they made less they stocked up on the inventory for the holiday season that may be some of the action you tank lower last night you reclaim some of those losses this morning though maybe got the wall street bets traders out there might be buying your up from 165 to about 170 for GameStop let's just jump over to AMC while we're at it AMC getting a lift of about six tenths percent right now the market catching the lift you have the NASDAQ 100 now in the green S&P is only negative by six let's jump around to some of the fang stocks see how they're bringing that NASDAQ positive Apple's just not stopping man it is remarkable i was listening to my dad show last night he said 16.5 million shares 16.5 billion shares yes apple has 16.5 billion shares to put that in context folks if apple was trading at a dollar it would be a 16.5 billion dollar company if it was trading at $10 it would be 165 billion dollar company if it was trading at $100 it would be a 1.65 billion dollar company but guess what if it's trading at 183 it's going to be a one it's going to be a three trillion dollar company uh a remarkable i mean and check out the run this thing is had folks that's a three-year weekly all right let's just put it on a daily for a little bit more clarity we know the run it had in 2020 was amazing but look at the run it's had just since october in two months you've had apple rise what is that 36 dollars 25 percent almost for the biggest company in the world over a period of two months just be careful folks because that is quite an appreciation of market capitalization because what did i just say 16.5 billion shares 16.5 times and what do we just get 36 dollars almost yeah you're talking about 600 billion dollars in market cap just in the last two months 600 billion dollars in market cap has been added to apple i don't even know how many companies exist that are 600 billion dollars but apple may deserve it because they got a lot going on they start pushing out self-driving cars over the next few years let alone everything else going on and they win their court case yesterday at least where they'll be able to delay the changes to their apple store uh while it's on appeal having to do with allowing companies to offer third payment third party payment processing as in uh it all stems with fortnight they kicked fortnight off their apple store that had to do with fortnight trying to steer people to their own website to pay for their products apple said that was against their terms originally they lost that deal allowing third party payment processes to exist in the apple store as in if you're trying to steer people to your own website as in if tfnn had an app but we were trying to steer people to the tfnn.com to pay for that service etc that's what apple did not like now remember though at the time of that ruling even this loss was not catastrophic to apple all right what they were fighting for there was the ability to be much more than just a third payment party process they were fighting for to be in the app store without having to give 30 percent that was like the holy grail there that they basically had a monopoly they were collecting 30 off every transaction in the app store uh it was even the fortnight ceo at that point said that they were going to appeal the verdict because they were unhappy because they wanted to be in the app store without having to pay that money and that's what they lost and the part they won even that is now up for grabs as it looks like apple has at least delayed that while the appeal and apple gaining almost a full percent right now let's jump to microsoft real quick some of the other fang stocks up about two percent you jump to google shares down about a tenth of a percent we jump to tesla shares down 1.5 percent s and p is negative by seven stay tuned folks we'll be right back we'll check out what else we have going on we'll take a look at some of those inflationary charts i was talking about from that bloomberg article as well we're right back are you in the market for buying or selling real estate in the bay area including the surrounding st petersburg tampa and clear water markets tiger real estate llc is a firm that has extensive experience in the tampa bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call tiger real estate llc today 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markets in the red right now s&p is negative by eight nasdaq basically flat you get the dow off 136 right now jumping back to the inflation conversation real quick when you jump down to some of the other comments they have going on here in terms of craziness for the used car market it'd be amazing to see when this thing reverberates to a normal this one may take a little bit longer as chips one of the big problems in cars i mean amazing how much revenue some of these companies have lost right you're talking about what six billion dollars of potential revenue for some of those car companies for the fiscal year used car prices you're talking about 54 percent in april of this year you're talking about 43 percent coming down the line in november just staggering prices for used vehicle value index that's got to reverberate to a more normal folks it's not like used vehicles are going to be an investment that can just flourish like real estate that's not how it works eventually they reach diminishing values you get into it even further when we're talking about this is what i want to talk about the final one inflation spread into more areas not linked to the reopening of the economy so of course it made sense right when people uh rental cars just through the roof to go rent a car from hurts etc right airline travel accelerating because people are opening back up trying to travel for the first time in a couple years but now it's everywhere okay contribution of non reopening components to the monthly change in the uscpi look at the black and look how it's risen okay early in the year you had basically a huge chunk of the inflation coming from reopening components you get into april and may now remember folks i think i got my first shot in march for the vaccine aprils the first month where you really had people being double vaccinated feeling confident to get back out there and live their life post vaccination but things have changed dramatically energy of course is a big one here okay but it's a lot bigger than that folks the non reopening components to the monthly change in cpi is i mean look at look at the number we're talking about here you're talking about even a bigger contribution than reopening and energy uh as it's almost half of that number i'm struggling to see which one we're dealing with in terms of you know a total one percent or how that thing correlates but that was the one that hit me the most there in terms of non reopening and that's talking about fed hikes nonetheless but keep that one in mind folks especially in light of tomorrow we'll see how that number comes out but i talked about ahead of time because folks the fed and inflation is going to drive the action in my opinion for the foreseeable future as it should anytime you have the level of stimulus we have going on right now with the the interest rate where it is and with inflation where it is right now that conversation is going to drive the market it has to because if you have the fed ratcheting up how fast they're going to raise rates that is going to cool the economy it's going to cool it in a big way when we've been used to zero percent interest rates for a long time okay jumping around to other stories this one really caught my eye tesla getting beat in uh one of the most competitive car markets in the world germany Mercedes Benz beats tesla to hands-free driving on the autobahn not sure how elon would receive that news seems like he would receive it very poorly uh knowing the ego he has but interesting that they get it done all the talk is that tesla's got the ai system right they have the data they have everything but boy this would be quite a shake-up if they are not the first ones to really plow forward now i'm going to preface this with the story yesterday talking about tesla now many states have laws that make it illegal to talk on your phone while you're driving well tesla just introduced an update folks that allows the driver to play games on their center console while they're driving makes zero sense whatsoever and i do not trust trust elon musk to be making decisions regarding safety because he has one goal and one goal alone folks he is not being concerned with the details of safety unfortunately that's my opinion but the facts keep lining up and now you're talking about just the straight out technology might not be the best around it's interesting when you look at it so they want regulatory approval to deploy a hands-free driving system in germany ahead of tesla gaining an edge in the race to offer high levels of automation in one of the world's most competitive car markets they got the green light to sell its drive pilot package for use on stretches of the country's autobahn now here's the key only going 37 miles an hour i didn't realize the autobahn had stretches that only allowed you to go 37 but i guess there's areas that are a little bit limited as well but nonetheless that is a level three autonomous driving a notch higher than tesla's level two and it allows drivers to take their hands off the wheel in slow moving traffic and they even talk about um for example example to communicate with colleagues via the in-call office to write emails to surf the internet or to relax and watch a film i was like are we here right now it the things are happening faster than we realize so it's the level of technology advancement is just tough to comprehend when it's so exponential but you're seeing a play out real time now Mercedes has the ability to offer regular and it's completely regulated okay approved by regulators where on streets going 37 miles an hour you can just tune out and watch a movie and that's what's happening uh tesla alphabets wemo and others have been chasing self-driving technology for years fully autonomous vehicles would be highly attractive to premium customers i would imagine so Mercedes got permission for the system only in germany but said it's aiming for the regulatory approval and other jurisdictions as well drive pilot will be an option for the s-class and eqs models from around the middle of next year they haven't decided how much they're going to charge for it it's pretty amazing right you're going to have car companies now i wonder how this is going to impact the margins okay because this is something that costs zero zero dollars in terms of a variable cost for how many they sell now i might be ballparking there's probably some level of cost i guess when it comes to adding that system to that car but all you're doing is uploading a piece of software but that they already hold um i was surprised by this to see tesla getting beat out in the german market uh by one of the most powerful companies out there in the automobile industry Mercedes Benz and tesla has always been known as kind of the premium product and the one that's on the forefront if they lose that title that valuation that they have might make zero cents in terms of one trillion dollars we'll see what happens but i was surprised by that they're supposed to be the leader and uh self-driving cars Mercedes getting it done on the autobahn all right what else we got going on jumping down to some of the other stocks that i was taking a look at jumping down the list yeah yum grants gets updated upgraded excuse me to overweight from neutral that atlantic possibility of rising returns from the restaurant chain calls yum its favorite name in the quick service restaurant category can't argue with the brands they have in there man there is only one taco bell and kfc yum is flat right now at 13185 and we jump over to fubo fubo tv and lyft but this thing has been punished recently yeah you're up 4.6 today so they get an overweight from jp morgan sports-centered offerings as a differentiating factor now that one caught my eye which is why i wanted to bring it up okay so that's an attractive thing because sports are i've seen the ads for fubo tv but here's the thing take a look at the context of this chart yeah watch out folks you're sitting in 20 bucks you're basically chopping around it near the lowest of the year talk about getting out of whack at 62 dollars a couple times but maybe that's where uh you find a bid almost right where you were back in may on fubo excuse me up 4.5 percent so far today all right with that in mind we get the markets turning back a little bit towards the red side we got all the markets back in the red s&p's we're just up to 46.94 we're trading at 46.88 all things considered though you back things up just 10 days folks for some context on a 30 minute basis we're sitting right near all-time highs maybe that consolidation area somewhere between 46.75 and 47.00 remember folks all-time highs 47.40 we're basically one move away from all-time highs stay tuned folks i'll be right back to finish up the show sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need 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way to go to where we were when they came out with those earnings miss on december 2nd you're talking about a week ago you were trading at 235 but just like that you can see from Monday you're talking about trading up $28 folks that is more than a 20% pop on docu sign uh and maybe that is the low with these types of accelerations you get to the upside we have a negative market right now but you get docu sign up 3.5% right now uh continuing to rise from the decimated levels they had from 232 and you're backing up even further than that because we're talking about 275 as recently as november 19th down to 131 you got more than wiped out if you were on margin in these equities trading out 160 for docu sign spring up zoom zoom had paid the price dearly as well zoom a little bit flat but zoom's 20 bucks off at lows off the lows it had monday as well so you're talking about more than a 10 percent bought pop but same thing zoom's got some way to go here as you are more than 70 bucks off where you were november 16th and putting this on a daily you're talking about 450 back in february and you were even higher than that you were at 588 more than a year ago and uh yeah zoom i mean this this might be a low folks because i do not see zoom getting back near 100 bucks you get back to 100 bucks i will be buying zoom for sure because you're talking about getting back to pre-pandemic levels at $100 it's remarkable you've gotten back to 193 considering we're at 588 uh zoom is a profitable company that is growing just not to the degree that they thought when they were up at 588 for zoom shares all right watch out for this market folks we got a little bit of selling going on right now at the s and p's down 17 points you're talking about a good 12 points off of the highs we had made just about 20 minutes ago let's jump over the vixx volatility index right now sitting right near 20 when we started the program and you're sitting at 2041 right now on that vixx and we'll jump to notes and bonds to finish it up you get the 10-year positive by 8 ticks 130 15 and you get the 30 or positive by 18 ticks right now thanks so much for starting your trading day with me folks stay tuned we got our man basal chatman coming up next at 10 o'clock we got our man larry pesavento live at 11 we have fast market at 12 you heard them they'll be talking about uh some equities in particular uh and of course steve rhodes dave white tom o brian all this afternoon have a great thursday everybody


six Tampa Bay pitchers silencing the Yankees bats and spoiling what was a terrific outing for Masahiro Tanaka. Yeah, it's a tough loss, Bob, because I think this was a missed opportunity by the Yankees to win a close game and a well-pitched game on both sides. We know the Yankee lineup is gonna beat up on second division pitching, but when you're facing the Tampa Bay Rays and you're getting Snell and the five relievers, you're getting quality outings. I think about the seventh inning where the Yankees had first and second, nobody out, they couldn't cash in. I think about Talkman's double leading off the eighth, base running mistake, that cost them there. And then you think about the wild pitch from Audavino that set up the Rays for a one-nothing victory. So this was an opportunity to win a close game and a well-pitched game, and they just couldn't do it. Yeah, let's get to Jack Curry now. Jack, they've been able to win a lot of close games so far this season. This one just didn't go their way and it was too bad for Masahiro Tanaka. Yeah, this is a deflating loss. I have to echo what Flash said because when your starting pitcher gives you the kind of effort that Masahiro Tanaka gave the Yankees, even though it was only for five innings, that's the kind of game that you expect to win, but the Yankee offense was meek. Only two hits tonight, it's the first game all season in which the Yankees did not hit a home run and Flash just detailed what I think they'll be thinking about when they get on that team bus, missed opportunities in the seventh, missed opportunities in the eighth, and then essentially gift wrapping that run for the raise in the bottom of the eighth with a couple of walks and a wild pitch. This one's going to sting a little bit for the Yankees because of what Tanaka did to set them up for a win. Yeah, we.


Let's hear from net set coach Steve Nash who just sat down with the media Hey Steve just looking at that stretch in the fourth quarter their 18-1 run What do you think kind of turn the game and Where'd you guys struggle in that stretch? Yeah, we had a poor stretch You know I think it was a it was a little bit of a photo of the night in general is that they were just Overall more physical than us at both ends of the floor You know our team our gap for our team is that we don't have a common history You know we were brand new everything's new we've changed teams more or less a number of times so We got a gap to make up as far as our you know our understanding of one another And while we make up that gap we got to be more physical We got to win 50-50 balls and we have do the dirty work You know because we have to give ourselves some sort of buffer while we figure each other out Well, we get more and familiar with our schemes and our sets and You know give us give us up Like I said that little cushion where maybe it's not as smooth. It's not as Seamless at all times, but we're still able to scrap and claw and stay in the games Bruce Beck NBC New York Steve the 15 offensive rebounds by by the box is that kind of what you're talking about in terms of Hustle in terms of you know tenacity tonight that that was definitely in their favor It is a great indicator, you know, I think it tells a story Of a slightly bigger picture than just the rebounds, but you know, they did a great job being physical at both ends They got a lot of offensive rebounds. They got into us defensively, you know, we had our chance, you know I think it was early in the fourth. We went up five points and then at a really sloppy stretch I think you said an 18-1 run so You know, we had our chances We didn't execute when it really mattered But a great opportunity for us to take something from this series from this game and grow from it Alex Schiffer the athletic Hey, Steve, it seemed like you kind of kept the same tactic for guarding Yannis tonight Now obviously he didn't drop 50 like he did last time Would you make it the effort there in the job you guys did on him this time round? Yeah, you know Very similar. We made a few mistakes, but overall you're gonna live with a lot of the shots He took he didn't shoot it as well tonight and you know again It was you know, that's not the reason we lost You know, I think you talk about all the offensive rebounds. You talk about the 50-50 balls You talk about missing 10 free throws, you know, there's a lot of areas that we could clean up Brian Lewis New York Post Steve in terms of the physicality is it fair to say that that's not really a Personnel issue or roster issue. That's more of a a great issue I mean there was a couple plays down this stretch where Middleton came through the lane And there really was not a lot of physical resistance Yeah, I mean, I think it's not necessarily the forte of our roster but there's no excuse for for not trying to match or You know be more physical than the other team and so that's something that we got to work out We got to be diligent about we got to make it a you know a tangible goal for ourselves and You know and collectively do it do it for one another to go the extra mile for your teammates So that that's something that we got to emphasize and continue to grow into Christian Winfield New York Daily News Hey coach, I think it was a 16 to one run that they went on in the fourth quarter And I think a few of us were a little surprised that there wasn't a timeout call Was that a tactical play there by you or did time just go by pretty quickly? You know, we could have called time out here there For sure, but you know, I think there's a there's also a Part of our team that you want to learn to problem solve We're getting good looks at the basket for that stretches and so you want to keep having them problem So everyone I keep them attacking and you know tonight Maybe I could have called another timeout, but you also want to make sure you save a few for the end of the game and So you're always caught in a little dilemma, but you know, maybe maybe there maybe I should have but at the same time I don't think that was like gonna make a big difference at that point


Good morning, John. Last year I made a video about how Game of Thrones can be seen as an allegory for climate change, and it included this line. Climate change is literally the first global scale collective problem our species has ever faced. And, oh god, so that made me think a couple of things. One was, is it really? Is it really?  So is nuclear proliferation, poverty. But I guess it depends on what I meant by collective. And since I'm me, I guess I get to decide that. Maybe I mean by collective that we all contribute to it. And we all can, and however small a way, have an impact, either positive or negative, on the problem through our actions. And through that lens, maybe, maybe global warming is the first large scale collective problem the world's ever faced. But if that is true, then John, we've got a second. And I could have done without a second. There was some talk early on about how COVID would be a positive for the environment, which I hated from the very beginning. A thing that is often overlooked or not talked about enough is that, like, overcoming climate change is going to require prosperity. It requires a world in which there is enough, both for people to be safe and happy, and also for us to have the resources necessary to, like, free ourselves from the carbon economy. And that's a tolerator because a lot of our current happiness and safety and health and prosperity relies on the carbon economy. I'm sorry to say it, that's the situation. Right now, we are incapable of guaranteeing people's health and happiness without spending extra resources on combating climate change. We're sitting here with a global GDP for 2020 at negative five percent. That's four trillion dollars. And here's a wild thing, the UN's upper estimate for how much it would cost to fix climate change, four trillion dollars per year. Yes, we are incurring the costs of about one half to one COVID epidemic every year. We do not tackle climate change. We have a very big global collective problem right now, and we're spending a tremendous amount of resources either directly or through decreased economic activity on that problem, as we should be. And none of us know what the end result is going to be, but it's not hard to imagine that there will be a fairly significant period of slow or even declining economic growth. And while that's happening, we won't be focused on climate change, which I understand that we also just won't have the same level of resources we otherwise would have had to help free ourselves from the carbon economy. But also, I am seeing a clearer, brighter light being shined on the dangers of all-out individualism. Just as your freedom of expression doesn't always include the ability to not wear a mask in certain places, our freedom to live however we want in this world is going to be impinged upon by the reality that living that way is going to long-term decrease our ability to live in the world. And so yes, there will be costs, just as there are costs to combating this epidemic. They're just much less bad than the cost of not doing anything.  Maybe anything ever. Are there some standout crapfaces? Yes. Do we know the ultimate impact of their terrible behavior? No, we don't and we may never. But at least I have now seen a large-scale collective action of the kind, if not the magnitude, necessary to take on climate change. And so if I am more fearful, because we're headed into a less prosperous world, at least for now, I am also more hopeful because I have seen that people can and do make sacrifices when we see what's really on the line. John, I'll see you on Tuesday.