The following is a presentation of T-F-N-N. The T-F-N-N Bull Bear Trading Hour. Every trading day, live at 10 a.m. Eastern. Call now toll-free at<PHONE_NUMBER> or internationally at<PHONE_NUMBER>. The T-F-N-N Bull Bear Trading Hour. Now, Tommy and Tommy O'Brien. Welcome folks, appreciate you growlin' and prowlin' with us out here. We have the Dow Industries down 15 Nasdaq off 22, S&Ps off 3, Gold contract up $6, trading at $13.37 an ounce. You get Silver up $0.05, $14.79 an ounce. Light Sweet Crew down $1.13, $52.14 a barrel. We're gonna get the EIA numbers out this morning. We sure are, man. We get some volatility already in that market. Fifty-one handle. Had a build last night. I think it's 4.5. For the API? Yeah, a 5.5. Plenty of oil out here folks. Cheaper prices, I like it. Notes and bonds. You get the 10-year note up 5 ticks, $126.31, $30 a bond flat, $153.19, and $Kingdala. $Kingdala up 65 ticks, $96.710. Now, $Kingdala's had a hard time the last couple days just trying to get higher. No volume behind the move. Really good of sideways move out here. The bulls and bears are gonna be fighting over this all day long, I suspect. Euro. Euro is trading at $1.13. The yen is at $108.40. And the pound is at $127.00 to $1.00 US. Let's go over to Adam. Mr. Kevin Inks, the TD Ameritrade, Think of Swim as we do each and every Tuesday, Wednesday, and Thursday. Don't forget, folks, outstanding show here. Every trading day, 11 to 12, decent standard times. You want to understand option, option strategies, futures. If you haven't test-driven yet, the Think of Swim platform is really easy to do. Come over to our website at TFNN. Hit the banner. Ring it up. The alliance trade with paper money. It's a phenomenal platform. And if you want to know whether it's implied volatilities, volatilities, we have things moving. Of course, we were talking about Beyond Meat yesterday with Kevin. And you got a little pop out here today. A little pop. Double digits. After going down $45.00, man, it's gonna need more than a little 12% hike. A few little pops. Exactly. Kevin Inks, let's go. What's going on? Good morning, Tom. Good morning, Tommy. Another day, another big data point to talk about, guys. No doubts. No doubt.  Tommy, Tommy, I think this is important though. If you look at the action in the bond market right after this number came out at 7.30, the bonds rallied 15 or 16 ticks, right? Yeah. They're basically now all the way back down there to one tick right now in the third year. And here's, I think, why. When you dove into the number a little bit, how much do you think about this? Food, up 3.10 to 1%. Medical expenses, up 3.10. Housing, up 0.1. Apparel unchanged. Airfares, up 0.2. New vehicles, up 0.1. But guess what, guys? Energy prices, down 0.6. Yeah. So lower gas prices have taken what might be a slightly stronger number and muted it to the smart. Yeah. You know, the gas thing is pretty cool.  It certainly does.  They do, man. They do. Yeah. It's pretty well. Yeah, amazing. But I mean, I thought that was maybe a little bit of hidden strength inside that number that maybe why the bonds, when they rallied, not to mention the fact that they're a little overbought, failed in that upside. I thought that was pretty interesting this morning.  Now, this guy's not even in the finance business. Well, he's in the manufacturing business, right? Yeah. He goes to Toyota plants and manufactures the, he's in charge of the tool structures, okay?  And I still, I totally agree with him. I mean, and it's like, it was really cool hearing it from someone else that, you know, it seems like the economy and cash flow is still going on. It's like, when I start talking about a recession, I'm saying to myself, I just don't see it. And in the aspect of what he said, even if there was one there, I think it's over anyway. I mean, there's a lot of moving pieces here, but it's just hard to comprehend that, you know, you're going to back down from a three to two and a half to two to a minus one, you know? It's like, okay, hold it. You know, I just don't see it. So we'll see how it checks out, you know? You know, just ask the NFIB small business number from Tuesday. They don't see this economy slowing. You know, it's funny, I was on with Oliver Renick this morning and we were talking about the data has been pretty consistent along the way. What changed in the last two weeks is some of the comments from the Fed, frankly, their rhetoric, which now they're a quiet period so they can't say anything, but a lot of their rhetoric about what they would do and their comments on inflation that I think really sent the bond market into hyperspace here. But I mean, the PPI, CPI, those numbers came out muted, but certainly in line to where the expectations were. So yeah, this is a crazy market. There's a lot of opinions. Are they going to raise rates or not? And I'm frankly in the camp, they may lower rates, I keep saying raise because it's been on my brain for the last nine quarters, but are they going to lower rates? I don't think anytime soon, I'm in the camps, they're not raising now. Yes. If they do, I'd be wrong. Well, you know it's crazy, man. And folks, okay, we get the Fed Front futures up right now and you have an 81% probability that on the meeting July 31st they're going to drop the rates. Yeah, you have one meeting, Kevin, that's it. I'm not saying that I might be wrong on this. And Jerome Powell and some of the comments from the FOMC certainly says that they're willing to move rates. It's just, boy, it's hard for me. I've just never seen it in my career. Lowering rates in an overall economy this healthy. Oh, I agree, man. I just thought it up. I totally agree, Kevin. I'm saying to myself, man, you know what I'd love to do? I'd love to have bomb fires.  And they lower rates, man. That's exactly what we're going to get. Okay, let's supercharge this baby. One of the interesting, Kevin, just going down to the... when do they expect two rate hikes, right? And it's crazy that by September the market has 48% of two rate hikes. You know, out of the three minutes. Sorry, see, I'm doing the same thing. Cuts, cuts, cuts, cuts. I am just having a tough time connecting those dots. Based on, you know, everything that I've seen in my trading career, it's tough to connect those dots. It'd be really interesting to see what happens in the market if they really do have two rate cuts in three meetings. I think it would go to the bone. I can't picture it not going to the bone. Or what if they don't, right? Then what if they don't?  I don't know. It's going to have some volatility. That's for sure. October always kind of rough months. If they don't, like, come down, if the market expects them to come down, it's like, I can see a little rough patch at the end of the summer. Then maybe they get down to half a point. They'll blow people's minds really, like, wow. Here's the number to think of, guys. Here's the last thought. Since October 3rd, when Drollpal made his infamous statement that we're a long way from being neutral and yields were at 3.1% at then, right? The S&P 500 is down 1.3%. 39 points. I've not spent a wild time since October. Folks, right here, 45 minutes from now. Kevin, you have a great one, safe one. We look forward to the program. Have a great day, guys. Thanks, Kevin. Stay right here, folks. Tommy and I are coming right back. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. 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What's the highest volume equities at this time? Oh, Dave and Busters are taking it on the Chin Men. That's, you know... I heard the guys at Thinkorswim in Fast Market. They were talking about that yesterday. They were. Down 11 bucks, trading 40 bucks. You get Beyond Meat up 8, 134. Was that in 184 yesterday? It was, yeah, two days ago maybe. You get Tesla down a buck 40. Let's see, we're... Roco is up 4 bucks. Not bad. So if we go inside the NDX let's take a look at the NDX 100. Semantic is up 1.8. Makata Libre is up 1.5. Gilead's up 1.4. Starbucks is up 1.3. Starbucks. Yeah, look at this taking away from it though. Look at this. Holy cow. Western Digital's down 4.5. Micron's down 4.5. Amat's down 4.5. Lam Research's down 4. Is nobody going to buy any chips anymore? What's going on? NASDAQ folks, this is where the huge problems can come in in the NASDAQ and the NDX 100. And these chips, man, they can bring the NASDAQ up and down like, and then it just drags the S&P. Can you jump around to the news after you finish? I'm curious what... Something's doing something, yeah. Let's see. Not much there, right? Doesn't matter which one we bring up. Maybe Lam Research, yeah. And then you open one more time. Good try. Micron, maybe after... I mean, it could be, but they all kind of... Downgraded to in line Evercore. So Evercore might be the culprit. They might have done a big downgrade, right? Evercore ISIM list. Okay, so that's one downgrade. Micron... They're just selling them, man. Interesting article. I suspect there's something out there though. Interesting article that does not have to do with what we're seeing today, I mean, they've been struggling, man, just to talk about some volatility. Yeah. So what's going to be cool here, watching this, folks, is to see how it comes into this lower swing point of $32.17. So we had 28 million shares there. You're coming... This is like a really anemic balance. Oh, yeah. And so what is sticking out here is that December 26th low. And that's, you know, if you get... That's the SMHs. If we get the chips down there, I guess what, market's going down there. So SMHs are only off of $1.64. Yeah. It just might be a downgrade of some of those leaders, maybe. They're selling them down, man. They're selling them down. That's pretty intense. Oil. All right. Let's go. It's Wednesday, man. We get those oil inventory numbers at $10.30. July. July crude. So quite an acceleration, right? $51.49 that low of yesterday.  We're trading at $52.13. So we get the numbers at $10.30. Excuse me. It's about $10.21. We're going to jump in here. We jumped around during the break. We were looking for volatility trades with exposure, bullish, and bearish. One of the nice ones that lined up. Now, this has ticked a little bit positive, but they have a $52.00. They're $3.00 spreads. So we're going to have bullish exposure from $52.55. Bearish from $52.49. Excuse me. And here's our bullish trade. This is the one that's going to have 12 cents of intrinsic value. That's going to cost us $47. So you're paying $12.00 basically for value. You're paying $35.00 for premium. On the flip side, it's going to be the exact same usually. There's your $35.00 for premium. No intrinsic value. It's going to be big dollars. Representing $0.77. Add a few bucks on in commissions. You're looking at $0.80 give or take that you need to be away from $52.00 to reach a break even. My goodness. You need some big action. And the market. You've gotten a lot of volatility with Crude Man. Oh, you have. It's priced in some premium. You've got until $2.30. You have $3.00. Some days it's really not impossible but would be very rare. With the types of moves you're getting. The market is not just assigning premium for the time. Which is usually what happens here, right? But I believe with this type of price there's a lot of premium. Some of that premium is the fact that there's a implied volatility. There's a realistic estimation that it might go to $2.50 or something like that. You can see that. Can we just pull this up for a second? $1.00. $1.00. So when you look at this, my take, folks, is that we want to get down to this $44.00. That being said, this is not a lot of volume today in the oil market as you're getting to lower price. Last low out there had $943.00 or $332.00. Let me just see this intraday. I believe that was a week ago. So that was probably on the EIA. Pop up here, $52.25. Then you get this other one down here. This is...  We put a big... 5.6 or 5.6 million.  I think the estimate is like an increase of a million or something like that. But looking at this, I'm bearish, but I think you're going to get a little pop here. I think this is still building cause for lower price. Well, if you're paying those types of premiums, you better be looking for a big pop, right? No, I'm with you. I think we're still going to be in that building cause. We've only been here five days and because we come down from 66, it's going to take more building cause in order to get that lower price. I think we're going to mess around a little here. We'll see when this shakes out, man. So let's just see how some of these... I think they had $52.25. So we just set it up with $52.00 on the bullish side. I think if we jump in here, there we go. So the noons, we're going to have $52.25. Now, we've ticked up. We're about the same, almost $12, $13, $14 pennies away from this one, but on the bearish side, you have value, right? So this is going to be our bearish spread. You're going to have $0.10, $0.15 of intrinsic value. So you're going to $0.33. There's your bullish, all premium, $0.19. He's talking about $52. Now, the difference being though, let's start to the downside. So you've got to make $0.52, plus a few, but you have $0.15.  And if you get the pop bullish, you need to go all the way to $0.52.75, almost talking about $0.65, before you break even, that you're capped out at $0.5375. So you need $0.65 a movement to start making money, and then you're capped out like a buck later if you really get down. So we'll see. $0.1026 right now. We get the numbers in four minutes, man. Let's go take it with the XLE. So the XLE out here, that's lower. $2.8 million shares. Well, that's going to be decent volume on it. Except it's going into... it's going up to $32 million. $1.22 million. We take a look at this. These things have ended up performed anyway. Oh, yeah, these... not XLE's still in trouble. We'll see. It pulled back pretty hard last night. It did. It's from the close last night to the open this morning. It said, whoa, lower prices. Stay right there, folks. Tommy and I are coming right back. We have the Dow Industries down 36. Nasdaq off 38. We're down 42. This looks like it wants to break out as low right now. 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Get your copy of The Art of Timing the Trade Chart today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. Dow is on $40 and has it got $38. S&P's off $7.5 and oil. Let's take a look at these oil numbers out here. So, headline number, crude oil inventories rising. 2.21 million barrels. Gas inventories rising. 764,000 barrels. Jumping back to the chart, seeing how we're hitting the market. Right now, you have oil trading $52.18. A little bit of a pop on that, but it pulled back pretty quickly, man. We're trading a $52.12 about coming into that number. You spike up to $52.32. And right back to where we were right now. So, we'll see how it... They got a lot of premium in there for not much movement at this particular point. And I guess as they break this down, we'll get the full breakdown within about a minute or two, usually, but I guess the entire build in cushing. So, I wonder where the expected breakdowns were of the cushing versus pad three, right? The variety. There we go. So, median estimate was a decline of a million barrels. We came in at a surplus of 2.2. Gas, pretty close. 764 versus a 900 build expected. Distalids, kind of a reversal of a 1.1 decline... excuse me, a million decline. Estimate was an increase of 1.1. And there's cushing, about 2 million barrels. You actually had a decrease in pad three crude. And look at the refinery utilization. They're ramping it back up, right? So, plus 1.4, estimate was plus 0.6. And crude input, it's minus $316,000. Look at that, inputs down. And production down as well. That's per day, huh? 360,000 per day. That's a lot. Oh, give it a few seconds, man. So, we're trading at $51.86, quite a little thrust, especially when the first head fake up to $52.30. We're now $0.50 off. Cheaper prices, man. We're going to be going for that low. It had at 5 a.m. of about $51.49. And it's not stopping, man. That's where some defined risk would be nice. I don't know how you navigate. We're now talking about a $0.60 bar on the span of about 30 seconds. Right.<PHONE_NUMBER>. We're going to take a look at the broad market now. You have the, yeah, the Nasdaq is, Nasdaq's leading us down. You know, we just brought those chip stocks up. Yes. The Nasdaq folks, you got to love trading the Nasdaq because it's this, that thing, I mean, you know, it's only $20 a point in the futures. But the amount of points that this thing can move so fast is, like, amazing. Yeah. Right when we were coming into a break, that's when it was just breaking this low out here of the $74.98. You got $74.93.  You know, you can go a lot lower now. Let's see. I suspect inside that it was still the same. Yeah. All the chip stocks. Yeah. 4.8, 4.6, 4.5, and 4.2. Can you pull up some of the fang stocks? I'm just curious because, you know, those chip ones are definitely going to hurt you, but they're not the biggest.  Nothing to dismiss. That's a move. Google down $10. I mean, there's a 1% though in the negative and they're going to have big, big carries. Amazon. Netflix. Yeah, pretty similar. Microsoft. So what you want to do is keep your eye on Microsoft, folks. The reason I'm saying this is that Microsoft seems to be the strongest stock in the NDX100 and just in the market in general. So if you look at this, you're going to see that it's pretty powerful. I would agree. It's cool, isn't it?  But just looking at, like, they don't seem like they're going to have a big deal with Microsoft. They've already dealt with those issues. They have an amazing cloud business. They have the amazing software service with Word. We have two different services. We have the Word service and then, not the word, the office. Office 365, I believe. And then with Natalie, we have the accounting deal. So it's very inexpensive.  Businesses especially. It's very affordable for soft. You don't get to buy them anymore. You've got to pay it every year. It's amazing how they all just flip that switch and that's how. But yeah, let alone. So this is the number to watch, folks. I was talking about this yesterday. If Microsoft closes under this 131.87, 131.37 this week, that's telling me, hey, the correction's on because this is the strongest stock. It looks to me like Microsoft wants to go higher. That bar from last week was great, man. That closes low. It's like, okay, well, the strongest stock closes low. Your probability goes a lot higher that, you know, the rest of these equities are going to get sold. The other flip side is it's basically at all-time highs. No, I know. To point to a reversal for the one stock that's like literally crushing highs might be the, we'll see what happens in terms of Apple and they could, what can we go back to the description for Microsoft? What's their market cap right now? With that chart really, yeah, one billion. Excuse me, trillion. Look at that. That's what I knew if it was at all-time highs, it's right around that area. You could see them take off, man. If you see Apple facing some big problems with trade problems, if you see Apple facing big problems with antitrust and Google and Facebook, I don't see those hitting Microsoft. No. You might see a reversal and you still be okay and sit at all-time highs as some of those tech stocks really struggle. You know, I just pulled up the 13Fs and you can see Morgan Stanley is going to be kind of happy. It looks like they've got another third of a position. Now that you look at it, this is March 31st, so we don't know if it's still on. Yeah, that even could have been January, but that would have been amazing if it was January, because that was a huge pullback. It was in the lowest December, so it had to be after December, in between December and March. That's a great time to be by it, man. The market was going up. Yeah, we got State Street going back. They don't 4% of it. Look at that. Now, State Street, that's going to be some of the ETF structures, because they're the I think they're the trustee of the SPI, actually, let me see. I can't pull that up quick enough. I think they have the trustee of the SPI, though. Bottom line is that we get some action out here. Two-way action, but that Nasdaq looks to me like it wants a lower price. We get over the gold. Gold is creeping higher out here, folks. This gold contract wants higher price. You're at, yep, 660 right now. You got 164,000 contracts. What we did do yesterday is we rejected lower price. You had a lighter volume come in. I like how this is setting up coming in for Thursday and Friday, so we can just stay up on this level. Last time we got a high there of 331,000 contracts. That was 1352. You get another high of 1348 which had 400,000. So, you're not going to get 400 today, but these things hang up there in price and won't be bad. Let's check back to oil. Where are we going to be? We're right back at 52. Right where we started, man. That's got to be frustrating if you've made that volatility trade. This is where quick fingers can never hurt, man, in terms of yet an opportunity here maybe to close out that bearish trade. If you thought it was going to be bullish, I'm not saying I would have even, you know, but just something to consider when you get a move that goes from 52.30 down to 51.64 might be time to, you know, if you don't think that move's going to be continuing, you always want to be revaluating that trade because we've seen it many times. The first move is not always a move that hangs and before we're done, we might be looking for a $50 oil, the way this move sometimes. You get a lot of moving pieces out here. Seems like they might have priced that volatility correctly coming in. If you're getting 60 cents one way, 50 cents the other, and it's only 8 minutes after the news, and they were pricing that until 2.30. Stay right there, folks. Tommy and I are coming right back. We'll go with that man, come up with that man, Teddy Kegstad. Dow, right now. Dow is down 22. Nasdaq's off 36. S&P's off 670. Silver's up 4 cents. Kingdoll's up 26. Come right back. If you're in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the Tax Opportunity Zone in St. Petersburg, Florida. 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The prospectus or 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 investors such as traders and active investors. Distributor 4-Side 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 for the latest market information.  Let's go over to my man Mr. Teddy Cakes. As we do each and every Wednesday on the body past the hour and every trading day folks you can reach Teddy at 4x-trading-unlocked.com That's 4x-trading-unlocked.com Teddy Cakes that. What's going on brother? Good morning guys. Good to see you guys again. Morning Teddy. You too man. You too. No doubt man. How's life? Things are good. We have some interesting scenarios to talk about today with the currency markets. What do you want to start? I want you to sell about a thousand contracts in the dollar index first. That's a good place to start. Sure. Well the dollar index I think is going to see a lot of action I think the next couple of days. We have some economic numbers that are going to affect it. We have the CPI today and we have the import-export index numbers coming out tomorrow and then Friday I believe is retail sales. All of which I think are going to affect the dollar index. The reason being is that they're also bond market numbers and with the stance now that we know that there's a little pressure for their fed and probably might be cutting the rates possibly in the not too distant future. I think that's going to have a little bit of a play on the currencies especially the dollar. Yes. And remember a couple weeks ago we were looking for a bounce on the currencies against the dollar which we did get over the past few weeks some are a little bit more extreme but now we have a divergence going on. So the US dollar seems to be gaining strength against all of the lesser major currencies like the Canada, the Yen and a couple other currencies. Okay. We have the euro and the pound today which were slightly higher while the other ones were lower so but now they're starting to fade and pull back. So I think that if you start to see the euro-US dollar turn towards making new lows today especially selling lower I got a sell signal on Monday in that market with the high being your risk level and so far they tried to challenge it today and they failed the same is going on in the British pound. So I think that if those start to erode and become a bearer then you're going to see dollar strength come into the market in which we're going to start to see a new trend and then the dollar index obviously would be rallying against that going higher. Interesting. Yes. So you're saying that the euro for the last couple weeks we went from 111 we were at 113 so you're figuring that the euro pulls back right? Right. Well Friday last Friday was the blow off top I think for that rail. Okay. I think that's a good level to trade against for both the pound and for the euro would be Friday's high so if you're a bearer I wouldn't want to be short above that. Nice. Yeah and that's where if you watch the Tiger TV folks that was quite a move Friday huh? 112 to 1348 huh? Yeah. Right. Right. Absolutely. Yeah. Interesting. And the yen I know you like the yen guys so I think that if this dollar is turning then you're going to see the US dollar yen pound excuse me I'm sorry the US dollar yen will turn around then. Okay. So 10840 are you looking for like a 110 again or what are we looking for there? I would say yeah probably I think that's a good little area now I'm not looking for a major turn that's not at all what I'm looking for because we had the G20 meeting coming up in a couple weeks. Yeah. So I think that if your listeners are trade especially like the euro you had a monster move over to pass like a week and a half but that looks like a monster move because it's been in such a tight range for six months a two dollar move all of a sudden looks like it was crazy to happen in the markets right? Right. So you're really looking for consolidation from kind of willy out with all of these probably right? Is that what we're looking at? Yes I think so. I think that's what we're going to do is we're going to start to establish the upper end of what's going to be a range trade for the next couple of months. Okay cool. Yeah no you can see that I can definitely see that because we had fast movement right after fast movement it's got to take a breather right all of them probably. Now what can happen is if we do get a rate cut in the United in the U.S. then that's going to cause either a big move up to set that to raise the range or to press the range lower depending on the currencies. So but that needs to be seen we need a rate cut for that to happen otherwise they think what we're doing is we're just establishing a wide range it's not going to be and I don't think we're going to see the euro up at 125 we'll let alone going down to popularity you know right so and but with the Swiss that's another key indicator too is let's see what happens with that if it can make a rally up to parity you know and hold above that well then we know that Dowler definitely is gaining strength again and we'll probably see them back above making new highs probably up to 103 104 handle you know this would be over the next month and a half this is not going to happen over. So that Swiss came down quite a bit right 102 to uh actually with 99 I mean that's four months but that's interesting right I mean that's right look at that much movement compared to what the Swiss has done here sure and the Canada did the same thing if you guys look at a daily Canada chart with just a week and a half you have the highest high and the lowest low on the chart that's four or five months yeah that's quite a move man yeah so and that's why I think there's that looking at this divergence in the currencies if this is what's if they're the leading indicator like remember how two weeks ago we looked for the Swiss and the Canada to be they were the first little indicator the dollar so now maybe this is the same thing that's occurring again today or over the past couple sessions so a rally in the US dollar Swiss a rally in the US dollar Canada which is going on and look at that low into Canada that low was a gap open lower and then it closed above the low of that big exacerbated down day prior to that so he's looking at folks is that the low of the big day was 132 62 and then yeah he closed that 132 69 I say okay cool yeah you know it's going to be wild man I mean is that you look at these interest rates it seems like interest rates are going down all over the world so it's like who's going to get the lowest rates and I guess it's going to be the currencies going to be whoever has the highest rates of the lowest rates right absolutely who would have sunk that too I mean 20 years ago 30 years ago if you were going to say that we'd be riding low rates like this for as long as we have right I think everyone would scratch their heads and be like what are you talking about I think you're right right yeah I mean it's it's you know we were just talking to Kevin Hinks earlier and it's hard to wrap your head around that you know the economy seems to be going fine and if you look at the Fed fund futures rate was the July one was what 89% 80% for cut at the next meeting not this not June yeah July and then there's a 2% in September was it September October that there was the probability of 48% to get 2% yeah so the third meeting from now it's almost like a 50% that there's 2 cuts by there in there within 3 meetings counting June as the first yeah pretty well are you guys curious about why they would actually really be cutting rates right now I think this is not the time to be cutting rates it's almost going to be interesting about which way they go right Teddy it's like if they do that many cuts like wow is the market going to go through the moon and then it's like but what if they don't because it's like priced into the Fed fund futures there's going to be a reaction on that side as well and if they there's good arguments on both sides there is and if they do I think we just say is that okay what's going on out here we don't know right they're supposed to be ahead a little bit to be cutting at all-time highs wow jeez what are they ahead of listen folks every trading day check it out forex-trading-unlock.com forex-trading-unlock.com Teddy you have a great week safe week man we look forward to speaking next Wednesday that was great thank you stay right there folks Tommy and I come right back now it's flattened as it's off 19 S&P's down 2.5 we'll come right back it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months Digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too sign up today I think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7, 2002 when gold was trading at under $300 per ounce. Gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX and bonds, South African RAND as well as 25 different mining equities with specific buy-sell recommendations as of April 1 of this year the gold report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30 day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of TFNN.com don't let gold's next big run pass you by sign up today Basil Chapman has a special subscriber webinar coming up Wednesday June 12 at 5pm called the Tide in this webinar Basil will be demonstrating techniques that can help one identify whether the tide is coming in or going out that is whether a trend is bullish or bearish in a variety of time frames and Basil will be speaking specifically to indices, currencies commodities, interest rates and key stocks. The technical tools that Basil will be discussing are available on almost all software packages that will be shown in historical context as well as live for current market setups. Identifying the key trend allows one to trade with the tide rather than against it. Subscribers also gain immediate access to 3 archived workshops so you can get started right away when you sign up for all the details on the opening call and Basil's upcoming subscriber webinar the tide this coming Wednesday visit the front page of TFNN.com and 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 21 S&Ps off three and a half and we talk about the tide man. Where's it going? We got our man Basil Chapman out tonight at 5 o'clock. Amazing. June 12th it's here. Basil is going to be in there with subscribers to the opening call starting tonight at 5 p.m. eastern time the opening call Basil's daily trading service will be in there for 90 minutes the tide talking about whether the tide is coming in it's going out that is whether the trend is bullish or bearish he's going to be looking at a variety of timeframes he'll also speak about indices, currencies, commodities, rates, key stocks you know he has the monthly, the daily, the hourly or the 120 minute and this is an hour and a half workshop folks and this is a pure education big time. He does a great job there's no bored low moments in those 90 minutes that Basil puts out. So this will be archived it'll be on the subscriber page probably either by tonight or tomorrow morning if you can't attend live you can't have the 90 minutes but I encourage you to attend live because he's going to be taking questions and plus you get 30 days of the opening call new subscribers getting money back guarantee great day go check it out sign up for the opening call right on the front page and you'll be in there at five o'clock tonight June 12 the tide baby June 12 the tide and speaking of the tide of oil a little bit of volatility man it can't quite figure out where it wants to go we spiked down to 51 64 we're back up to 52 30 boom we're back down to 51 82 we'll find out the day is young the contract goes no doubt yes and if we get over just look at that dollar just one more time you can see that this dollars my take is that we just we're building cars to lower price but just as Teddy said I think we had a little consolidation here you know sideways move we'll see this shakes out okay any back and forth okay this is this is the patience patience in many things in life trading is one of them for sure big time yeah stay right there folks we have fast something in our man Mr. Basil Chapman Steve Rhodes Dave White be back this afternoon thanks man don't skip Basil folks tonight the tide


Welcome folks, we have the Dow Industries finished down 122, NASDAQ off 82, S&Ps down 15, bottom line folks, after the next few minutes we're going to have some big numbers coming out. You have Amazon coming out, you have Google coming out, as well as Intel. So you're talking about some big numbers. Gold, gold contract traded down $9.20 at 14.14 an ounce, silver down 19 cents, $16.43 an ounce, light sweet crude up 11 cents, $56 flat, oil folks having a hard time holding price at all. It looks to me like oil is going to stop making its way down to that $50 level. Notes and bonds, you get the 10 year down 7 ticks, $127.09, 30 year down 16 at 154.10. Now with the 10, as well as the 30, it had some volume on the way down. Bottom line is that it didn't get close to a lower swing point though, and so that is a big number when you don't get close to a lower swing number. And right now we're at $127.09, you did 1.8 million contracts, that's telling me that it still wants higher price, lower yield. We're going to take a look at the dollar index, the bulls and bears, this fight just doesn't stop. What we have inside the dollar index is this, dollar index out here got to a high today of 96.650, you're closing out at 96.545, that's saying the king dollar can go after the 96, 97 rather, these are all 97 numbers, the 97.715. That was the high that was generated out here in May. After the close, we're going to have, well in the next few minutes, you're going to have some big numbers come out. The ABC structure and the S&P folks is 303, I expect we're still going to get there. So it's really going to be intriguing to see what Google comes out with, what Amazon comes out with, and what Intel comes out with. Those are going to be the three monsters, they're certainly all three of those. This is where this really is going to put the juice. If they all threw, three came out on a positive aspect, that would take that cues, the three cues up and at them like in about a heartbeat because right now you're at 193.30, that's what we closed that today inside the NDX100. If you get one that comes down, two that go up, then you have that ying and yang, and as we're talking bottom line as I can see, Amazon, Amazon, the Eston was 62.5 billion. They came in with 63, Amazon had closed at 1973, and that's trading down 50 bucks right now. Going to be coming right back with all those numbers folks, stay right there.


what's up my beautiful babes how are you guys doing today you are looking fine as always girl first of all hi it's a look t-shirt in black like you guys asked for you're welcome if you guys want to shop the it's a look t-shirt or the extra life hoodie or the extra life phone case you can do that at fanjoy.co slash brad so of course fan favorite of mine is the hairdresser react series i decided you know you guys send me so many crazy things all the time that is hair related and people doing these crazy things their hair and i find videos all the time of people doing crazy things their hair so why not just make a whole video once a week about all the crazy stuff i find online so i've been collecting some stuff this week you guys have been sending me things and i always love when you guys send me crazy hair videos so if you guys are trying to send me things definitely DM me on instagram um at bramundomyc and if you guys end up loving this new series then definitely give it a like write them below and i'll make sure i do this every single week so i'll have a folder on my computer of all the craziest things that i have seen this week going around the internet that have to do with hair and we're about to watch them together okay let's do this you guys let's get it started so this is has by far been the most requested video for me to react to for the past maybe month and we're finally we're gonna do it you guys i'm gonna watch this person do drip hair color um this video is by kato katosha and we're gonna see her do some drip hair color oh i'm already like oh this is not gonna be a good idea so she's just explaining what she's doing in a different language i don't even know what language this is but um oh yeah she's just gonna go in and just rip this color on okay i feel like it's just not a good idea um the color is just fabulous living for a girl i love this like mask they put on their heads too so it doesn't drip on their face that's so interesting but i just like it's only gonna color the top part of her hair though how does that work it's not just gonna like seep in i mean it's probably gonna seep into the rest of her hair and cause like bleed marks so that would be cute definitely a look i don't know if she's going for that like the bleed mark look it's also gonna be really cool when like the colors kind of melt together like i get where they're going with this but i just don't think this is like no why is this girl letting her do this to her head too that's just always my question why are these people letting these other people do this to them do this to them it's just why why i mean we'll see though i won't judge too hard i mean i've already judged pretty hard but oh you know what i think she like ends up like melting it together with her hands after she's done it's really pretty though this is definitely if anything was a look this would be the look like it's a look oh my god she's just combing it in this is such a bad idea and she's a professional colorist wow wait so just the top layer of her hair i'm confused oh no oh no oh i'm sorry no you did her so wrong girl i could stop why would you want the top of your hair colored like that oh oh i feel bad oh that red is never gonna come out either poor thing babe i'm sorry no she's beautiful no she really is she's beautiful i just don't think that color suits her i don't think that color suits anybody well you guys that was the first thing that i saw this week that was sent to me by you guys a million times and i mean let's just say i i don't recommend doing this at home or in a salon let's just not with this okay let's move on to the other thing that i saw this week which is okay what is it oh my god this was absolutely insane you guys this okay is by water jet channel apparently they just like do things with a water jet which is like a very high pressure water jet i don't know how to explain it it's a water jet they they just cut things with it and do things with a water jet and this yeah the whole channel just about that i love it um they give this guy a haircut with a water jet says hair cut with a 60 000 psi water jet whatever that means sounds absolutely ridiculous and right up my alley oh my god i just can't believe he did this he doesn't even care he is so about this the entire time and i'm just like why oh my god this looks so dangerous i've already watched this i'm just still like shook by it i kind of like skimmed through it but like oh my i just can't believe force the mess oh god with the water jet he's giving this guy a haircut with a water jet i've again i've already seen this but i'm still so shook oh i haven't seen this part oh my god that water jet could cut through your your skin i'm sure we might need a new business idea garden we're turning garden on we got it let's save it this looks so dangerous okay can you sit up now it looks so gross yeah that is weird i haven't seen this yet and why does that creep me out so much i didn't cut it off like harry word through the layers of plywood and stay away from me in places like like this one there's just hair growing out of the board right there so obviously this is probably one of the stupider things that we've done i kind of love them like should i subscribe to that okay so clearly wow that was probably one of the dumbest hair videos i've ever seen on this channel ever and i've seen a lot of dumb videos oh my god okay let's watch the last one there's one more i want to show you guys today one last extremely dumb thing that i saw this week this video is by buzzfeed um i don't ever heard of it but like uh it's entitled can regular people give a decent haircut and i haven't seen it yet i'm dying to know what the outcome is so let's watch it you guys i don't think it's gonna be a very good outcome i think they're these people are gonna get their hair ruined but i'm ready for it i want to know can a regular person give a decent haircut i from my experience no they can't but we're gonna see all right let's do this i was good that's me i hope not i hope they can't i think i can give brain because i'd be really embarrassing my career hopefully i don't it's such a bad idea really i'm sorry and i love it it's not easy to give a men's haircut i think it's easier to give a woman's haircut so much easier yeah i mean he's doing all right everything look even men's haircut men's haircuts are all about precision i'm confident it's actually not the worst thing i've seen so far because this is really that is not what i want why are you letting her do this let's just give it a short trim at the top all right so i'm gonna thin it out first no this is dangerous rimer reason for him that's my ear again too yeah i'm gonna break skin oh no what do you think halfway half decent job jay that's decent job um i'm gonna grab the mirror for the review yes do you would you like to see it i don't know if i want to but oh this poor guy it looks good other than a little patchy this year your bald spot right there oh my god oh this poor guy oh it's ratchet i'm sort of proud of her for a first timer so this week we saw drip hair color we saw a guy cutting somebody else's hair with a laser jet ink water jet a water jet and then we saw normal people trying to give men a haircut like a barber um and they completely failed but i mean epic videos this week i these were great i think my favorite video though was the last one that the buzzfeed video of the of the regular people giving haircuts that was great i just i know so many people think it's so easy to just oh i'll just shave your head i'll give you a little trim girl it is not easy we gotta go to school for that ish and don't think it's easy okay because it's not and i think the the biggest fail this week was i don't know i i mean obviously the water jet video was a fail but like we already knew it was going to be a fail in the beginning but like i think the first video with the the drip hair color was just like the most epic fail of the week like oof why let's just never do that to somebody ever again please save your hair and save yourselves okay and today's instagram shout out goes to mackenna this is her instagram name and this is what she looks like she says hey brad my name is mackenna and i just want to say that i loved your videos and i think you're amazing and i think you're amazing mackenna okay i just wanted your opinion on what i should do with my hair my hair is currently a dark brown with red throughout but there are places where the brown has faded and is showing blonde hair i and is showing the blonde hair i had before i was thinking about going dark brown slash black with blue ends but like subtle blue and this is the picture she sent me as her inspiration for the blue hair she wants um mackenna yes do it uh yeah completely so you do have a pink under toning your skin which means you're cool you've cool skin um cool skin tone and blue is a cool color so it's definitely going to complement your skin tone very well i think it'll look so fun and if you've never done anything like that i think you should totally do it live your extra life girl yes all around just yes and if you do it i'd love to see it definitely send me a picture and for those of you who are new here to my channel welcome to my channel and if you want a chance for me to give you a shout out at the end of my videos like i just did for mackenna then definitely give me a follow on instagram at bramondo nyc and dm me with one simple question i don't like paragraphs i don't like reading make sure you mention your name in that small question and give me a picture of yourself with your current hairstyle with no filters no bunny ears no dog ears i don't even know what are the new filters on snapchat these days or instagram like i no filters please i just want to see you in a natural state that way i can give you the best hair advice i can possibly give you and thank you guys so much for watching today don't forget to live your extra life and i will see you all next time peace


man, Stan Osterman here coming to you live and direct from the mighty mighty megalopolis of Kailua on the windward side of Oahu where it's typical spring type weather a little bit of rain here and there but perfect for visitors to come over and spend money so hey get on the airplane and come see us sometime we could use we could use the the financial help anyway this is part three of a three-part series that we're doing based on sustainable energy Hawaii's forum on geothermal and it they've had two two parts to this forum now the first part was about three weeks ago and then they had the second part this past Saturday and it was done really well I thought the first part was really laying the fundamentals of the technology and the economics and the foundations of energy overall and the challenges that we have trying to manage you know energy not just grid energy but transportation energy and looking at food as another type of energy that we don't really talk about when we talk about clean energy so the the first forum and the first part of the videos that we we showed talked about the technology and then last Saturday they had another forum where they they looked at the cultural side they talked to local Hawaiian cultural experts and people who who really have their their finger on the pulse of and living through the traditions of the Hawaiian nation and the Hawaiian people from long ago and it was good to hear that especially for those of us in the energy world in Hawaii because that part of the discussion is oftentimes set aside until after the fact and it turns into a problem because things are overlooked things promises are made and not kept and so I thought it was great that they brought in some folks to talk about what was really needed from the from the Hawaiian side of the picture if we're going to really consider geothermal so today what we're going to do is we're going to look at the last part of the educational piece which one of our guests Peter Stern like to put together and it kind of wraps up the discussion on geothermal and then I'd like to talk to Peter and Richard Ha again they were on the last two weeks as well and we'll talk a little bit about this most recent forum and and kind of put a bow on this picture of geothermal potential for Hawaii so if we could go ahead and and roll with the the video we'll get that started then we'll come back to Peter and Richard modern energy 101 at sustainable energy Hawaii we're convinced the time for long-term thinking is now we believe our future energy needs must be viewed not just from a climate mitigation perspective but also from that of local resilience sustainability and from one spanning a multi-generational time frame to that end we see a rare indigenous essentially limitless source of heat one our community could choose to respectfully and responsibly transform long-term into usable modern energy logistically that source of heat doesn't need to be imported it doesn't have to be purchased from a global oil company it doesn't emit carbon into the atmosphere its systems construction uses largely common base metals in its design and this heat exists under the very islands on which we make our homes our geothermal energy supply being constant means the price for the heated offers won't change over time this is where we're convinced that our indigenous steady state geothermal resource can make a real difference to our lives long-term this could also be the means to support the production of affordable green hydrogen and jumpstart a new local industry every industrialized nation around the world is pursuing the production of green hydrogen it can serve as a replacement for many functions battery power cannot satisfy efficiently that includes powering heavy machinery ocean-going freighters and even high-capacity airships this indicates that the export market for affordable green hydrogen has great potential if it can be produced at scale the benefits of hydrogen are many it's another way to store electricity like we do with batteries but in greater volumes and for longer periods of time producing affordable hydrogen has the potential to support local production of nitrogen rich agricultural ammonia a necessary ingredient for successful productive farming it's also a viable quality source for generating high temperature industrial heat with access to that heat we have the potential to process basalt at scale for local building materials and other products for export unlike solar or wind geothermal energy is a firm 24 7365 power source that doesn't require backup storage it has a smaller physical footprint per generated gigawatt hour than either solar or wind farms we believe to properly explore the benefits geothermal power might offer it will take those in our community all of whom have a stake in the decisions being made for us today to collectively voice how we want to live and what we want to leave for future generations the geothermal conditions that exist here especially on hawaii island are very special and very rare we are incredibly lucky to have this amazing resource available when the rest of the world is looking for long-term energy solutions to mahalo that was kind of the the wrap-up of the educational part of the first forum that Sustainable Energy why did and it kind of touched on all the different aspects that are in play here but it focuses on the the multi-generational benefits to everyone and I think that's really the critical point that we have to focus on as Simon Sinek says you know or Cully start with the end in mind what do you want it to look like a hundred years from now what do you want it to look like for all the people is it a good idea and too many times and you've heard this on my show a lot of you if you watch me I talk about critical analysis there probably is no perfect solution to everything but if you do good critical analysis you get the best solution for a vast majority of the people with what you have and if you have to mitigate something here there it's really relatively minor whereas I think as a as a as a world we kind of jumped into fossil fuel because it was a cheap quick easy solution and it was something that was available and we did it and now here we are a hundred years later trying to mitigate the major problems with it and try and do it on a global scale and it's a real real big challenge another thing that's important about the video is and that peter did is it's it talks about how big this transition is you know for to get away from fossil fuels and go to renewable I don't think most people realize the scale and I don't think you could put enough solar and wind on the islands to generate all the power that we need for transportation and grid and agriculture right now so it's a it's a tough problem that we have to solve and the sustainable energy hawaii folks have looked at different solutions and combinations and an answer is in hydroelectric some geothermal some solar maybe some wind and put it all together and come up with a good solution that's survivable in a disaster and takes care of everybody so peter and richard welcome back to the show I'm glad to have you guys on richard looks like he's kind of tired today maybe we overdid him overdid him with the forums but so richard you know when you when you look at this the whole program that you put together you know how would you summarize the focus of what your effort is in sustainable energy hawaii but you know what we did was we took what was expected which is a scientific point of view but we didn't just stop there what we did was we we looked at the cultural side and the various different subjects that we thought we needed to have people express themselves and that's what the second geothermal webinar was about and and that was tremendously important to bring it forward the their concerns so I thought it went pretty well I did too I really liked it I thought it went it melded really well and and actually was you know when it comes to the historic cultural aspect of any big projects that we do in hawaii they always come with that hey we didn't think about this well enough I mean whether you're talking makua valley whether you're talking the super ferry whether you're talking 30 meter telescope any of these topics just the military in hawaii we always tend to put some of the important stuff last and and I like what you guys did by making sure that some of the most important stuff the historic the cultural the the local perspective and the impact of future generations was upfront the whole way through and you spent a whole seven-hour period talking about it so peter from your perspective you know you put together the technical side that that video that you narrated and and I thought that was really great could you also talk a little bit about like how last saturday's forum and focusing on the cultural side how that hits you you yeah I mean the cultural side is essential I mean we live in a in a in a relatively I mean if you look around the world we live in a in a in a very small self-contained community and the people that were here before people who look like me even though this is my home and I feel very connected to it very rightly feel invisible like like things are going on around them that involve the economy and like you said they're thought about last and given the time frame that we have to to make progress with with mitigating fossil fuels not just from a climate aspect but from availability and a price in an economic standpoint we have to we have to include everybody there are stakeholders on many many levels and each one needs to needs to be seen considered and be part of the decision making because it isn't just a select few anymore yeah you're right and I think that part of it is we have some long-standing issues you know political issues that have just been kicked down the road for too many generations and that some of these things just sit there and fester so that even when you have a good idea or you're a company with a good product and and you want to put a good something out that's good for the economy and good for creating jobs and things it can even be negative because we neglected looking at the cultural aspect looking at the you know is this good for the community so Richard as we as we go down this road to to looking at geothermal because again this is not in concrete it's not in stone you guys haven't you know broken ground on any kind of big thing in fact you're not even a company trying to do it you're this is a group of people with you know community focus in mind saying hey we've got a technology and and we think all the pieces fit so how do you how do you feel like is this a are we making any headway in trying to bring in the community and bring everybody together to really understand the technology understand the benefits understand the risks I mean having um Kalikini on from pgv put uh put a geothermal ventures to talk about the safety issues and the kind of chemicals are there on the plant you know that was a huge eye opener I think for people to just really understand you know as many aspects as as you could so it do you feel like that the sustainable energy hawaii forums and the the the direction your your group is taking is going to provide some um comfort and some good communications to start off with should geothermal ever start in in earnest in this in the state yes I think so and and what's the sustainable energy hawaii looks at is generations down the road we've kind of forgotten that the the Hawaiian culture looks down the road seven generations that feels like it's impossible but but let's take even one generation from now if we focus on one generation from now and and and we ask that question what what do you think your granddaughter will will uh or somebody born today a child born today 25 years from now which is one generation what kind of life will we be handing over to that generation and at that time will they feel like uh their ancestors which we are did a good job of it so when we when we ask that question what what what is what will life look like for future generations it takes it away from the point pointing fingers it takes it toward a look toward the future for and and when you ask the question that the changes the whole narrative and and I think you know having done this uh geothermal webinar if if that's what we're looking at what is it going to look like a generation from now or two or three or four times so let's take one generation from now somebody born today will be 25 years old in 2046 one year after we're supposed to be 100 percent renewable okay that's about the same lifespan as the and a utility scale solar that's the lifespan of solar now at that point when that child was now 25 years old and that solar up needs to be replaced what will life look look like it's probably likely that all the components the the rare metals that go into replacing that solar price will go up and is that what we really want to hand over to the next generations as compared to if we would go to geothermal and the uh the price of the heat is free and it will be free forever so so which which which we would we want what would we want to give future generations and when you look at it that way it's very very clear that geothermal is the sensible alternative it's it's now then a matter of how do we go about doing it so the first thing you got to do is is evaluate the resource so you and and we should do that for all five volcanoes on hawaii island and once you kind of see where the heat might be then you start to ask yourself is it is it safe in this particular why why would we do it here should we do it in another place you know so because if we don't do it early we might get a solar array right on top of it which wouldn't be the smart thing to do yeah so so i i think we're making a pretty good effort at it and and uh yeah i'm really enthusiastic and yes i think one of the things that people i think that they they they missed the point on is that the hawaii community is not one big homogenous you know where everybody thinks alike you know you have different groups that have different focus and different uh it was apparent in the last seminar that you know different hawaii groups and civic groups have different focus and and different flexibilities and and i thought that came out really clear so how hard is it to really get the different factions in in the cultural side in the community side just to see the picture your church is it is it a challenge or do you feel like you can help bridge that challenge because your your family grew up generations after generation in hawaii yeah so and there's a tremendous amount of mistrust here so right off the bat they're trying to figure out uh who are you uh who's speaking why are they speaking are what the question motivation and stuff like that yeah so you know when i went to the first people conference back in 2007 and i found out that the world had been using places much oil as we you know places as much as we have been trying me then i realized oh my goodness i'm the only person from hawaii here now and i'm not an engineer i'm not a scientist or anything and i gotta bring this uh a message back how what how how how will i be able to do that and and so i decided right then that i cannot invest in it because the first thing they're gonna ask how you're making money so that's how i cannot be consulting or anything like that uh and and then i also realized that i i needed to study the hawaii side and what the issues are so i i started going to kikui uh kanako or least class and i started learning and then then i started to see how those two sides actually are the same biophysical uh physical science and ecology so so that so now when we talk about it like that and and the fact that my great great great grandfather come here annoying signed the uh uh kui petition no so so um i happened to be lucky in that sense that that uh i was there so i can feel comfortable because i you know everything is about credibility and as far as i'm concerned everything about me is out in the open so so i can have this discussion pretty easily the the challenge about me you know it's it's just i happen to be in that situation yeah that's all yeah the challenge is at some point when if this ever comes to fruition there's going to be have to be investors and big business and money coming in and that's going to be the real test of how well this was put together one of the things that i was thinking of um in a not too distant past was if we do have to have a big company come in to you know actually put the money in up front to start working these issues that they should start off by building a community of houses first for future employees put in the roads and the infrastructure and subdivide lots and the you know have a plan where the people that work for the company that's building the facilities also have a stake in the house house lots and you know with a potential to eventually own those lots if they stayed with the company and you know things like that how that would work building community centers building hula halas building um hollies for canoes and and you know places where you can launch canoes and do canoeing and do cultural things before they start building the infrastructure or whatever they're building and and i don't know if that would work but do you think that would that would be a concept that we need to look at absolutely yeah that that it's not what you say it's what you do because everybody expects you know to come in invest and take and take and take the money out everybody expects that oh peter when it comes to actually making things happen um this this endeavor is actually a pretty large endeavor i mean when when we start talking about replacing all the transportation fuels and and all of the storing all the grid energy that we need whether it's in batteries or whether it's in hydrogen or whatever does the scale of that do you think the scale of that endeavor is is even imaginable to the average person um no i don't because it while i while i think i have a sense of the scale i also know i don't um you know i wanted to touch back on something that richard mentioned which was about the a generation 25 years from now and the and the potential cost for replacement which is an ongoing thing we will be competing with the rest of the planet who is also pursuing solar and wind in an attempt to replace fossil fuels and the big thing the biggest thing about our economy and how we live today is the fact that this is a global economy and and virtually everything that we consume today comes on industrial scale transportation that's powered by liquid fuels and windmills will not do that solar panels will not do that possibly hydrogen well but the reality is is that most still most of the power that we use today even electricity still comes from a feedstock a feedstock is the energy that you use to produce the heat to you know to spend the turbines to do all that stuff most of that still comes from fossil fuels and the one thing about geothermal is the cost of that heat source that is going to generate that electricity doesn't it doesn't cost anything different today than it will 100 years from now or 200 years from now we just need to maintain the mechanism that will allow that heat to be used that can be done there's a there's a geothermal plant that was started in a low tech area 19 era 1913 in in Lardarello Italy that is that's still functional so it can it doesn't it can be done low tech which means that it can last for a long time that's what we need we need we need durability and endurance the idea that systems need to be need to wholesale be replaced every 15 to you know the batteries do 15 to 25 years makes me very very nervous exactly the the scale of this is mind-boggling when you think about it and we've we've actually become accustomed to a certain lifestyle especially in the western world and if you like go visit Africa where they're chopping down trees to build fires to cook on and things like that you know we don't even think about living that way but in reality it's fossil fuel that gives us the ability to travel 100 miles in your car or more and ship like you said these huge quantities of supplies and goods across the oceans or jump in a jet and fly from here to New York and get out in New York City that that's an amazing the technology is amazing and what makes it affordable is oil which we don't make you know it's like when I hear people talk about battery technology or internal combustion engines they always leave out the part about the oil we didn't make the oil we just sucked it out of the ground you know the sun and pressure and every and you know dead vegetation have been in nature's hands for millions of years to turn that into a usable energy source and we really can't just replace that it's it's a finite quantity on this earth that's going away in fact we're past the peak already we're on the downhill side of that curve of availability of oil and we have to replace all of that for something that we're still using more and more of I mean Americans and the western civilizations are you know pretty well off a lot of the people around the world in Afghanistan and Iraq African continent and many places in Asia they don't have the standard of living that we do and so as our demand for more energy and stuff goes up our supply of oil is going down we can't keep doing what we're doing and climate change or not we just can't do it we're gonna we're gonna have to kind of temper what we can do with our energy and we're gonna have to get more realistic and share it a little bit better the part about we're using heat from from the ground it's essentially like Richard says it's it's going to be here several million years and that's more than a couple generations so it gives us a long time to look for alternative ways to replace all that energy but the bottom line is you've got to generate it and even hydrogen is not being it's not for free it's there but it you make it with electricity if it's green green hydrogen you still have to get energy to make it and on the mainland a lot of it is natural gas makes your hydrogen in california 75 of the hydrogen that they use in their cars is still from natural gas and to do it with just water and electricity means you have to have a generation source for the electricity and that's where geothermal can make the massive amounts of energy that you store the energy and hydrogen and then it fits into your transportation sector as a fuel it fits into your agricultural sector as as ammonia and fertilizer it fits into the large ship transportation and airplane transportation as fuels as well and grid storage it can be stored in tanks you know on the ground or underground in the mainland they can use salt caverns and store that energy for future use but the source of the energy that we've been depending on oil for all these years is going away and the replacement source has to be something with the same magnitude that we've been fridding away for the last 100 years and as richard points out that's the heat from inside our planet that keeps keeps on going and going and going and will for a long time so richard i'm gonna i'm gonna leave the last words to you and we'll wrap it up there okay one of the really big things about geothermal is the fact that it's completely deep uh separated from oil oil price can go up and down geothermal price is going to be the same so it'll give all the people that live here stability and you know it's really important to small businesses is struggling they cannot take the volatility and that is a really big thing that we we got to keep on telling folks if we do the more geothermal that we can put in and we have all different types of energy sources that we need to mix and match but the more geothermal we can put on board the more stable it will become that's gonna be good for us i agree and we have a lot of partners around the world new zealand iceland that are already working on these things we have engineers and and folks at the university working on horizontal drilling and the technology is getting better and better so i'd like to close up by thanking both you gentlemen for your outstanding work in the sustainable energy um hawaii forums and i hope to see more of those things and have you back on the show in the future and thanks for all the work that you do i know you're uh you're probably paying to do what you do instead of getting paid to do what you do and i i for want to want to thank you for everybody yeah all right so until next week stand the energy man signing off and we'll take care of some more energy issues with dad going i think next week aloha