Hey there lads and ladies, it is Petrifying Pumpkins here and welcome to another edition of PSVR News. We've got about three things to talk about today so let's just jump right in there shall we? Topic number one is the PS5 reveal event. It has been rescheduled. We now know the new days so you're probably all aware PS5 was supposed to be revealed or at least a showcase of its games was supposed to be revealed on last Thursday which was June 3rd. Now that day it has been moved to June 11th so it's a delay of exactly one week so it's going to be happening this Thursday. It's going to be the same times as it was supposed to be so that's 9pm GMT which is my time. That is 4pm EST and that is 1pm on the west coast of America so you can probably figure out what time it is for you based on that I hope. So the event itself is supposed to be like just over an hour long I believe and it's going to be pre-recorded show that they're going to be showing. It's going to be in 10 ACP it's going to be 30 frames per second and this is all coming from Sony's blog by the way and they also recommend that we all wear headphones when we're listening to it because apparently they're going to be doing something with audio that they say is going to be like pretty cool or whatever. So if you want to get the most out of that experience then wear some headphones. So let me know in the comments what you want to see from this PS5 reveal event what you think we will see you know is there anything crazy that you want to see and are you excited are you moist for this event I need to know I need to know about your moisture all right moving on to topic number two so this story relates to the first story which is the PS5 reveal event so recently very recently in fact I put up a poll on Twitter and on YouTube asking if you guys thought we were going to see Anthony PS viewer related at the PS5 reveal now so far it's on even a few hours but so far the majority people are not expecting to see Anthony PS viewer related but there may be some hope and that is thanks to aesthetic gamer he's a Twitter guy he has some kind of connections in the world of Resident Evil at the very least he has a good track record this guy knows the thing or two so he's been tweeting over the last few weeks and he's becoming more and more certain that we are going to see Resident Evil a's revealed at this PS5 event so he has a few reasons for thinking this firstly he was saying that the Resident Evil series the entire series went on sale on June 4th which is one day after the original event was supposed to happen before the delay so that's a bit of a suspicious time and it's not just on PlayStation it went on sale on every platform it was the entire series which is kind of unusual his other bit of evidence then is that steam you know valves steam over on PC they have rearranged the Resident Evil Liston so they've tidied it up they've got everything looking more uniform now than it was apparently I had no idea but this is something that was a long requested thing from steam users they wanted it to look and more tidy or whatever and this is what they wanted for years steam or valve I should say never did it but they bothered to do is now in the last few days so again suspicious time and now the title of Resident Evil a's is actually supposed to be Village Resident Evil so remember Resident Evil 7 was a biohazard Resident Evil at least in Japan so aesthetic gamer thinks that maybe they're tidying up these titles because it'll make more sense to fit in that weird title or make it more clear more concise rather than just random village thrown in there and of course we talked in the past about this resident evil 8 game we if you want to know details about what the game itself actually is supposedly going to be because it's all based on leaks then there will be a video in the description I've talked about this in the past you can check that out if you want but anyway what's the point of me talking about Resident Evil a's well that is because I think Resident Evil a's has the best chance of giving us PS viewer support out of any title obviously the big reason for that is that it's a direct follow-up to Resident Evil 7 which had PS viewer support and apparently that was a success Capcom were happy with the numbers that they saw for the PS viewer support and Resident Evil a's is gonna be like directly after Resident Evil 7's apparently gonna have the same character Ethan it's gonna have the same first person style which you know I think we all agree suits virtual reality more than any other kind of style well at least in my opinion I won't say we all agree so we should also keep in mind that if Resident Evil 8 doesn't get revealed at this event it's likely gonna be a cross-generational game now what does that mean that means it's gonna come out in PS4 and PS5 so we're looking at a potential PS5 virtual reality title because of course the PS5 is gonna support the PS viewer this could be the first big PS5 viewer title that will get us all just moist just moist his hand you can't believe how moist we will be if this happens so fingers crossed we will find out on Thursday let me know on the chat you know or rather the comments let me know in the comments below how moist you think you will be if this happened I need to know moving on to the next topic our final topic today is gonna be all about Alvo now before I even begin no there has been no updates in regards to the open base last I heard they've been waiting on a new submission date from Sony nothing has changed as far as I'm aware they haven't given any updates on their discord well they have given an update update is that they're still waiting so Sony is holding things back here I think it's been about three weeks now that they've been waiting on this new submission date from Sony so I'm starting to think it feels less and less likely that we're gonna get this open base in June maybe July at the earliest now although I'd love to be wrong about that but if you want some good news about Alvo then check out the footage playing behind me because this is new gameplay footage that the studio Marden Hall has revealed themselves and it shows off the desert environment that they have in the game the desert map I should say the daytime variant and the nighttime variant and they're also showing off this bold action rifle that they have here so you can get a look at that and actually you can tell me what you think in the comments below one thing I know this well a couple of things I know such as you say is that there appears to be a radar attached to the left hand of the player was the right hand I can't remember it's a radar attached to the player's hand and it moves with the hands in the game although the radar itself doesn't appear to have any map detail which is why I'm not really sure if it is a mini map or maybe it's more of a radar it does have dots on it though makes me think that that will be a way for you to keep track of your teammates and maybe even enemies if they're making noise or something like that which is kind of which is something we've seen before like in Call of Duty or whatever when somebody shoots they show up in the radar even Firewall has that if somebody shoots you can see them on your mini map on your hand but I've also noticed about that radar is that there is like an incomplete screen line going around us I'm beginning to wonder if that is the health indicator in the game because it's not complete circle and seems weird that it's not complete so I'm suspecting maybe there's health I could be wrong about that maybe they've even talked about this already I just haven't seen us so let me know what you think in the comments yourselves I'll have a link in the description so if you want to watch the video yourself if you haven't seen us yourself already it's been out for a couple of days now and we've been slow to cover so apologies for that but yeah check it out and let me know what you think and that will be it for today's video lads and ladies thank you very much for watching but before I go let me give a huge thank you to my supporters over on patreon.com forward slash petrifying pumpkins their names are on screen right now thanks to their generosity they're helping this channel grow and in particular I'd like to give a huge shout out to the top tier over on patreon so let me shout out to chopped 517 peace Hawkins Columbus Thomas the third tradition and crumb for pledging up the top tier thank you very much for that support really do appreciate it if you'd like to join patreon link will be in the description below but don't worry if you don't want to do that I will still be more than happy with all the usual you know the likes the subscribes the usual shout out like that I'll be very happy with that thank you one last thing let me thank Decepticon for letting me use his music in all my videos you can check him out over on bankamp spotify wherever I'll have the link to his like main hub area in the comments below to check him out until next time stay moist and I'll see you in the next one


Man, Toyota and Prestonsburg is offering 0.9% financing on the 2018 Camry. The Toyota Camry offers performance and safety with breakthrough design and sporty styling. At Man, Toyota, it's affordable. Man, what a deal. Good morning, it's Friday, February 16th, and here is your EKB Morning News. A two-state pursuit of a stolen vehicle lands one man in jail. It happened early Thursday morning as a Wayne County West Virginia sheriff's deputy notified the Louisa Police Department that he was in pursuit of a possible stolen black pickup truck that was heading into Kentucky. The truck was spotted on Madison Street in Louisa and a short time later spun out while attempting to flee. The driver of that pickup truck was 36-year-old Lacey Pack of INES who was quickly placed under arrest. Pack allegedly admitted to stealing the truck after he had attempted to steal two others unsuccessfully. He went on to admit to being under the influence of Xarex and O'Panna. Pack was charged with DUI, fleeing, innovating police, and receiving stolen property under $10,000. He remains lodged in the Big Sandy Regional Detention Center. EKB News has brought you several stories about the homelessness and opioid issues that face our region. Mountain Comprehensive Care Center have made strides in combating those issues and on Thursday they cut the ribbon on a brand new facility unlike any other in the region, a low-income transitional housing facility for those who need it. Dogwood Apartments has 18 fully furnished bedroom units and two bedroom units which are all available to those with low income who are homeless and who have special needs. The special needs definition is wide. It can be mental illness, it can be physical disability. It can be chronic substance abuse and with that they need to be seeking treatment though. Also, elderly and domestic violence victims so we have emotional abuse. There's a wide definition for the special needs. Applicants for Dogwood Apartments must first apply with Section 8 Housing and then through Mountain Comprehensive Care Center. With your EKB Morning News, I'm Shawn Allen. Have a great day.


And now to BIOSA State, where Nigerians have been urged to reach out to the needy and less privileged in society in any way they can. These advice was given by BIOSA State chapter of the Stand Up for Women Society, SWS, during a visit to an orphanage in Yanugua. Our correspondent, Jesse SA, has details. This group, Stand Up for Women Society, is fighting for the rights of women and the vulnerable and the society. Before kick-starting their humanitarian activities in 2022, the group paid a visit to this orphanage to identify with the motherless children. The children that they need love from people out there, that they are here to run in the end of the world for them. So coming here to identify with them, make them also feel that they belong to the society and they also feel love and they also appreciate people for coming to see them, which for me is a good thing to do. Identifying with them is not easy to live without a mother. I don't have a father again, but I know what it means to the fatherless, talk less of being a motherless too. So we are here to just see them, to give them the little thing that we brought. It's not about what we brought, it's about their heart of which you are giving. So we are here to just say, to even encourage the mothers that are taking care of them because it's not easy to take care of those children. The orphanage expressed gratitude for the group for remembering the children.  With this visit, the SWS is looking forward to a fruitful year with high expectations of reaching out to more women in Bielsa. Jesse Eze, for Plus TV Africa. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.


Yeah, the second talk is given by Olivier Bronschrin, again the French name, sorry. The same story as always. The paper is titled Multi-Toppel Leakage Detection and the Dependent Signal Issue. The paper is written by Olivier Bronschrin, Tobias Schneider and Franz Fassavier's standard. And as I said, Olivier is going to give the talk, please. Okay, so thanks for your introduction. So what's the table of contents for this work?  Then I go to what we call leakage detection and mainly to violate that you already heard about this morning. And then I go to the core of the work, which is multi-decage detection. And finally I summarize everything as my conclusion. So what's the point with side-channel is basically when you try to encrypt data, you need to do that on a physical device. And of course you give plain text a key, you get a cipher text, but you also get some physical signals because you are dealing with physical systems. So this signal can be, I mean, we heard about that already, so EM, power, time and so on. But the question is like, can an engineer with a dog get back the key? So that's what we are worried about, I think, in this community. And yes, the thing is that these side-channel attacks, they are hard to prevent.  We saw that this morning. And finally, I mean, evaluate this kind of device is also our task. So now I go briefly to two type of approaches, what we call attack-based evaluation and leakage detection. So let's start with the first one. So when we try to do an attack-based evaluation, we start by collecting measurements. And with these measurements, we will try to get back a subpart of the key. So you collect measurements, then you try to perform the attack, and maybe you get back the key. The thing is that this kind of approach requires usually a long time of measurements. If you are dealing with a highly protected device, you will spend weeks in taking measurements. Then you have to, I mean, if the device is protected, it's unlikely that you will be able to run automatic attacks on that, so we'll need some expert knowledge. And finally, but more on the statistical point of view, when you try to run an attack, you have to distinguish one class out of 256 if you are targeting a bite. So that's a solution. Another solution is what we call leakage detection. And here the goal is no more to mount an attack, but more to find relationship between the internal data manipulated by the device and the physical signals that we get. So how do we run leakage detection?  So let's say the first set is composed of plain text one and key one, and the second one of plain text two and key two. The goal of these two is to generate different data within the device, and yeah, we'll see afterwards. So you feed the core with these two sets of inputs, and then you collect the corresponding measurements. And the goal here of leakage detection will be to, I mean, try to observe the difference between these two sets. If you have found the differences, this means that it comes from the different internal data within your device, which might say that an attack is possible. So how does it compare with the previous attack-based evaluation? Usually this kind of approach is easier to implement, so you don't need an expert knowledge. And usually, I mean, it requires less measurements, because you don't try anymore to distinguish one class against two to the 56, but just one class against another, which is usually an easier problem. Okay. However, the drawback of this leakage detection is that, I mean, it's a good fortress for your security analysis, but it's not the golden grain. I mean, there is still a risk for a full positive, full negative.  Actually leaking. So these are still questions. So I say that the goal of leakage detection is to find differences between the two set of classes, but how do we do in practice? So let's say here we have the two set of traces, so the blue one and the green one. And what we will do, we will try to, I mean, we will select a point in time in both of the traces. So that's the first step. You select a point in time, and then you will start to collect measurements and observe the distribution at that point in time. So that's what is represented by the histograms there. So you observe the distribution, you are searching for difference. So we will have a statistical test on that. The statistical test basically says you if the device is leaking or if the device is not leaking. So we perform, I mean, we observe the binary output of the test, and maybe you didn't add enough measurements to spot the difference. So you take more measurements, and once again, when you have a fine understanding of what's the distribution, maybe we'll find differences. Okay, so I said that we have to do a test, but what test to choose? Basically it depends on what you are searching for. If you are searching for different means, you can run the Welsh T test. If you are searching for difference in distribution, you can use the key square test, which was proposed last year at chess. But basically the most used test is the Welsh T test, and it's used in what we call the TVLA procedure, that I will describe next. Okay, so what's TVLA? We had examples this morning about papers using the TVLA, but basically you take all your trace and you will perform the same analysis as before on all the time samples. Okay, so that's the first step, you select all the points in time. Once again, you observe the, and you record traces, and you observe the distribution. Then you perform independent tests on all these time samples, and once again, you observe their binary output. Okay, so maybe at some point we find linkage, but the question there is, when do we say that would be a form linkage? Basically we set what we call a threshold. We've seen an example this morning about how to set the threshold, and this threshold is given according a few parameters that are basically the desired confidence level. So I mean, do you want the p-value of 10 to the minus 5 or 10 to the minus 2? I mean, it may change something. It's the number of considered time samples, so the trace lengths that you are recording has also an influence on that threshold, and finally you have to assume independence to set that threshold soundly. All this leads, I mean, to some limitation of the TVLA procedure. So what are the limitations? First, TVLA is performing independent tests on all the time samples. Because of that, I mean, it will never be able to spot multivariate leakage, and that's maybe make it less faster, so maybe you will need more measurements than if you were performing multivariate tests. Another point is you set the threshold and you do all your analysis by assuming independence in the signal and between the tests. But because you are dealing with a physical signal coming out of a chip, it's not likely that everything will be independent.  So there is no independence usually. And therefore, you base all your analysis on a wrong assumption. So maybe the conclusion you will draw out of that may be a bit hard to interpret. Okay, so that's the limitation, and that's why we came up with what you call multi-toppel leakage detection, which is the core of our work. Okay, so what's the approach? I guess you might have some insight about it now. So we took all the independent t-test that's giving different outputs, and we replaced them by a single one, by a multivariate statistical test. So what test to choose, once again, if you open a textbook about stats, they will tell you that you have to use the Otterling t-square test. It's a natural extension of the Welsh t-test, but two multivariate settings. The nice thing with that, it does not assume independence of sample across time. So we want a base of analysis on maybe a bit tricky hypothesis. But the counterpart of that is the test is harder to perform, in the sense that you have to compute a covariance matrix, and you have to invert that. So if you are dealing with super long traces, it will be hard to compute that matrix and to invert it. So it's not always applicable. Another solution that we came up with, if you cannot compute that matrix, is what you call the d-test, which is more heuristic, and which is basically an extension of the Otterling t-square test, but assuming independence. So you don't need that huge covariance matrix. And once again, it's because you are basing your analysis on how to confirm hypothesis, the result are harder to interpret. Okay, so now I go to some parameters that you can play on, and that will influence the data complexity of your leakage detection. So the first one is what we call density. Basically, it's the proportion of points that are leaking within your device. And you can also see that as the number of points that will leak where you will spot leakage if you add an infinite number of measurements. Okay, so here is an illustration. So we have a trace on the top, then we perform a t-test with an infinite number of measurements in all of them. And the green boxes are the points which are leaking, and the red boxes are the ones which are not leaking. So here we have a load density equal to 0.1. And if we increase density, the proportion of points leaking are increasing. So in what scenario are you facing what density typically? So if you are going with a protected software, usually you have a low density. Maybe you are spending a lot of time in generating randomness and so on. So your traces are very long and all the operations are not manipulating some sensitive data, so you likely get a low density. If you are dealing with hardware or protected hardware, there more usually you will process something at every cycle, so you will get a higher density and shorter traces because the computation takes less time, usually in hardware. Okay, these are parameters that influence the detection. But what about numbers? So in the paper we have some simulation and practical experiment. Here we will focus on some simulations. Okay, so I will show a graph there. On the x-axis we will plot the density, which is the thing I just mentioned before. And on the y-axis we will have the number of measurements that you need to use to perform your detection successfully. Okay, so let's see how it looks like. So on the right you have high density, and on the left you have low density. So the first thing that we can observe is that both methods are from that. If you are on the right, basically multi-tapel detection outperformed TVLA with a factor of five in terms of number of measurements. But if you have a low density, so on the left of the graph, there is the other way around, this TVLA that performs better than multi-tapel tests. Yeah, so multi-tapel tests suffer more than the TVLA. Okay, so the main message here is that if you reduce, I mean, you can reduce the data complexity of your test by trying to have a higher density of leaking point within your traces. Another parameter of influence is what you call the trace length, so the number of points you want to jointly estimate. And once again on the x-axis, the trace length, and on the y-axis, the number of measurements. Okay, we see that. So on the left there is, you just do it univariate, so you just consider one sample in time, and on the right is a million. And we see first that both methods take advantage of longer traces, and this is basically because, because it's more likely that you will be able to see a point that is leaking a lot. But here, we also see that multi-tapel tests get more advantage of longer traces. And at some point you have a factor of five, as previously, four, as previously. Okay, so if you are dealing with longer traces, maybe you will be able to reduce the measurement periods. But there is quite an even message that here is that, as I said previously, the autolink test, you cannot do that on very long traces because you have to compute that covariance matrix. But, yeah, so you cannot process traces of that length. Yeah, and in the paper, we came up with a solution which is basically you run multiple autolink key square tests in parallel. So that's also heuristic, but it performs well. Okay, so now in practice, I mean, we will be in an evaluation scenario in two different settings. The first setting will be white box, where we know everything about the design, and we see that we can play on some parameters there. And black box designs, where you know nothing about the implementation. Okay, and so how do we perform leakage detection in such scenarios? So the first one in white box, basically you have everything about the device, so you have prior information about which points are leaking within your traces. And because you know that, you will be able to remove all the useless points and just keep the ones that are of interest for you. So you can reduce the trace lengths. Because of that, you can just keep enough to invert the covariance matrix, and you will get an identity because you'll never consider useless points. As a result, you are in the best cases to perform a leakage detection, I mean, according to the previous graph, and you will get usually a smaller measurements period. And additionally, the analysis of the results will be easier because you don't rely on independent assumption which is not always fulfilled. The other way around, if you are in a black box scenario, there you know nothing about the implementation. So you cannot reduce the traces anymore. You cannot select the points of interest for you. You cannot reduce the traces. And if you are dealing with long traces in a protected software, as an example, you will not be able to invert the covariance matrix. So from time to time, you will be dealing with your traces, so you can do that, but it's an example. Okay, and also you have a fixed density. By fixed density, I mean once again, you cannot remove the useless point, so you cannot increase it. As a result, you are not in the best case for the performances of leakage detection, and so you will possibly have a larger measurement period. And you need to rely on independent assumption because you have longer traces. Okay, so you have to rely on your statistics. In the paper, we show that if you are using TVLA, typically you will be too conservative, meaning that if you say I have a p-value of 10 to the minus five, actually it's maybe way smaller. So yeah, you are too conservative. And for the D test, so the other statistic we propose, that is the other way around. So you are too optimistic. And typically, I mean, the true confidence level you should have is between the two. Okay, so time to wrap up with a small conclusion. So as a conclusion, I would say that physical signals are not likely to be independent across time due to capacitive effects, as example. And if you are able to run a uttering T-square test, it provides many features. So first, I mean, you have a straightforward implementation of interpretation of the results because once again, no independence hypothesis.  But I mean, the counterpart of that is when you have a trace with TVLA, you can see which points in time are leaking. So you'd see left that information and here we don't have that information anymore. If you cannot do that independence, if you have to do that independence hypothesis, there you have to rely on heuristics. So either you do TVLA where you are too conservative and D test where you are too optimistic. But I think it's time, I mean, the message here, one of the message is that if you are doing a whiteboard analysis, you can do many things. It's easy to deal with.  So thank you very much and I'll take any question. Thank you. We have time for one question. Yeah, thank you for the presentation. About the figures you're presenting in slides, 13, 14, 15. I have a question. If we fix for a same number of measurements and the same density, how do you compare the quality of the T square, T square test estimation and the quality of the auto-links T square test? Okay, so if I get it once, it's where would you put the T square test? Yeah, if I look at your figure, so if you just, I'm fixing the x-axis, the value of the x-axis and the value of the y-axis, so I see that I have two tests. So one is TVLA, the other one is a multi-tupor test. But how can I, I don't know if this is really an open question, how do you compare the quality of the TVLA test and the quality of the multi-tupor test? So it's what we call the beta factor, which is, I mean, it's one minus the probability that you don't detect why you should detect. And that's with a fixed beta. So it's as if you, I mean, with a fixed success rate in your... Okay, so this is, yeah, okay. So this is for common and fixed success rate? Yeah, okay. Completely. Okay, thank you. Okay, thank you for the talk. Let's thank the speaker. Yeah.


Yeah, what's going on did he came back today with another do that video are you be smooth? I'll give you handshake man be smooth out here. Do I say yes, sir get that money by any means Yeah, and I called and I texted and I didn't get any answer from the customer they got a star pay me for doing stuff like this man Oh It's did he came up back today with another door down the video huge shout to you for tuning in if you aren't subscribed Smash that subscribe button give me a thumbs up and do not skip those ads today is January 27th We already started that show we got two orders. I know if I do like this I'm doing like this to orders, baby order number one is Walmart in store pick up seven items 23.2 miles for $26 we're holla order number two is to Walmart grocery orders 31 items 6.4 miles for 1450 baby, so you already know what time it is make sure you smash the subscribe button give me a thumbs up Don't skip the ads. Let's go get this bag. Oh more. Did you miss me, baby? It's been a little minute My business partner she's going to get the grocery orders right now. I'm about to go if I can get this And then we're back to go make these moves and bust these girls. How you doing? You switched the hair up How you got the red now? You gotta switch it up sometimes, but Jerome Yep Okay I'm gonna pull this out. I'm gonna get you this one. You take that one Back this Scannies work quick so we can get busy What's going on Denny's bro? I saw through YouTube channel. You do? Yeah Oh, you did never Denny's all what's going on? I was watching you today. You were talking about some Restraining order against all you yeah, yeah, yeah, my god. It's my god dammit. Yeah, he wouldn't deliver driver suit Quick question for you so all these in this one Yeah, cuz it only got one thing on here. It was only showing that one for me. So I think so this is supposed to be three It should be all right Oh Yeah, what's going on it did he came off back today with another do that video he saw everybody tune in make sure you go subscribe to the YouTube channel cars of Korea My god, Danny what you work out here. Oh, you don't know what she don't know what's going on All right, you don't see the camera I got the camera in there Are you be smooth I'm getting handshake man be smooth out here. Do I say Or else we order number one hit him with that photo y'all already know it all Order number two what it do we got these cases of water, baby Like this stuff this is a chicken to the back. There's this is it Photo y'all already know no knock on that door off Oh Let's remember one for the insta pickup make sure you scan it back baby that bark the dog bark I'm on no problems, buddy.  Let's drive In this job Them decent I like them I have a pick up last year number 380 380 the last year 380 Thank you. You have a good one. Let's We're here to talk to make it easy, baby. It says the not do not do not bring the doorbell. So let's Hit that Let's get it done, baby They miss open up square.  What kind do you smoke? They miss open up camp? Hit him with the photo Order number four Panda Express two items 1.4 miles for 592 what it do Let us in hopefully somebody right here because it's not It ain't even got the phone either so Hello, I have a dilute for Taylor Taylor see Here you go, man. Thank you very much. We have a good afternoon Order number five. Let's drive Hunan, Hibachi also potbelly 6.3 miles 1498 let's skate Wow Yes, ma'am How you doing sir, I'm gonna have a pick up for kissy L Thank you very much. We have a good one We hear baby to get this Hibachi, let me know come along.  I don't know if it's been five minutes or not But hopefully they got us together because we can't wait too long. Oh Okay, that's what I'm talking about Teresa Thank you very much. So you have a good one We are here baby jump up order number one. Let's get it done. It's a leave on the TV tricks This is exactly what we're gonna do. This is a heavy to have Double like this high Yeah, you go through the app. Is that okay? Yes, that's fine. Thank you very much. We have a good one Order number six. We in the mix subway two items 1.2 mile for 525. Let's drive Cedric a oh, I got a sound right here Okay Here you go, ma'am Yeah, and I called and I texted and I didn't get any answer from the customer I just heard it guess what happened when to sell where you pick up the order We own our way to deliver it and it doesn't have an address in the queue at all Like there's no address in there. This is the zip code six zero zero eight five And then if you click on the GPS it just takes you to a stop sign So we have to wait for them to see what's going on We also called the customer. He didn't answer the phone so and text to so we got to see what happened So that you guys knows again make sure you smash that subscribe button give me a thumbs up and do not skip those ads Let's go We're still waiting on hold. We're gonna drop this food off anyway Maybe we must have paper baby paper paper paper, paper.  Get a branch. Yes Question for you sir. Do you have any idea why I'm supposed to take this a delivery? Unless you know the name or the room number. I know the name is Cedric a but I have no idea about the room number Um The main office will go ahead. Okay. I'm gonna walk past it anyone. Okay. Thank you very much You have any idea who Cedric A would be? No, it's his lunch Who was supposed to be a student or a teacher? I'm sure a teacher That would be awesome To have him delivered here Well some clue Yeah, some things are different nowadays Yeah, that was in the past time at Ridgemont High Spicoli had a pizza delivery Really? The teacher took it and handed it out to every kid in class Look at my exercise, huh? My class is in the last one at the other end And you gotta walk in every day, huh? Every day So it's good. I get like 10,000 stuff just getting in an hour I know So if you go in the next door In this second door here Thank you very much. So you have a good one You do Hello I'm gonna have a delivery for Cedric A I'm not sure where to take it. It just says leave it at the door, but Okay Why don't you How you doing, Mr. Allen? I'm good Here you go Here you go Thank you. You have a good one, sir Lucky number seven Aha, sushi two items 2.5 miles for 625 Let's drive Sushi Sushi Sushi Hello, I have a pickup for Crystal H Yes, ma'am Thank you very much. You have a good one We are here, baby See, it told us to use the other door Now it's telling us What's going on here? I don't know I'm using this door Let's get it Hello, I have a delivery for Crystal H Here you go Thank you. You guys have a good one Order number eight is time to skate Aha, sushi 4.6 miles for 10.89 We on the grind We back at Aha, sushi Sushi We got us together, baby Hello, I have a pickup for Logan A For over eight Logan Thank you very much. You have a good one We are here, baby I'm gonna go in two-thirty times I'm gonna go in the alligator How you doing? I'm doing fine to yourself Get busy, baby It's about time Order number nine We on the grind Starbucks 3.6 miles for 7.30 Let's go We're here at Starbizzles, baby Trying to get busy Okay, got us together Just like that We're here to jump off the Starbizzles, baby Those of you who drink Starbucks What do you get from the Starbucks? What's that photo? Y'all all right? No, no You all right, what? I think you do. Let's go Order 10 is time to get it in Dollar General and Honey Bay's Barbecue Three items 3.2 miles for 9.75 Let's drive Open the closed door behind you Oh, we gotta open it ourselves Oh, we gotta pull it off They gotta start paying me for doing stuff like this, man I'm gonna close it Jeez Okay, we need to get some King Hawaiian Rolls Which would be... This is gotta be this bird Bird How you doing? I'm doing great. I can't complain I have a question for you Can you tell me where the Hawaiian dinner rolls may be? No, I don't have any No? All righty, thank you very much We are here, baby We gotta get out of here I haven't been in this place ever Ever at all Okay No, it ain't no problem Well, I'm just gonna I'm just gonna call DoorDash and let them know when the end of this video is off Order number 11 Taco Bell 1.1 miles for 6.75 Let's drive I'm gonna pick up Remnit Remnit R-M-N-E-T All right Thanks for your help Oh, Bell, baby I ain't gonna lie, today is way better than it was last today It was freezing Today is actually decent, well, it's like 25 degrees Day better than that 36, baby Ordered number 12 Burger King 6.4 miles for 1538, let's skate Uh, pick up for Miguel S Miguel S? No sir, appreciate you boss, you have a good one Let's do it It would be a disaster, guys I don't know Man, the drive's too long and I see people here standing around So, it's probably not a good thing You have a good one This pizza, baby, they got a ton to talk about cause all these cars driving past Say, let's leave that to those That's exactly what we're gonna do, baby Smoke coming up that joint Big smoke Stopping off is hard Getting with the photo, you don't know what you know though Oh, think that doorbell I don't think that works Let's go What's going on? How do you know I am? Too much of nothing, man Yeah, sir, get that money You got to make that money Alright boss, you have a good one Yes, sir Order 13 Let's get this green Walgreens, 4 items 2.4 miles for $9 We a holla Getting ready, we need two blues True to the blue, baby Two blues Two cool blues I don't know Money We gotta get that honey This side Alright, thank you Eat that honey and get to the money Shout out to Mr. Organic He had the organic honey It's right in my face, I'm a goofball This is the last one, too This This is not it They don't have the pure honey They only have the organic honey I have a question for all my fellow dashes out there For those of you who don't It doesn't matter Answer this question for me We go on Walgreens, we get the Gatorade We get the other thing that they wanted And we come down to the honey Eat the honey and get to the money The honey that they wanted, they didn't have it But they did have organic raw honey But the organic raw honey Was 16 ounces and the one that they wanted Was 24 ounces So my question to you is Do you get the raw honey 16 ounces is the same part of 16 ounces Or do you get no honey Comment below and let me know I'll tell you guys what I did later One more thing, they did not answer the phone So that add on to it So what I did was I had to make an executive decision And just get the other honey I'm just saying, that's what I did Dang, somebody got in an accident right there Sheesh Let's get to this money baby This Walgreens baby Let's, next to the door So, this is the ledge Look inside the edge Around 100 edge Right on that edge See that Get it with the photo Get it with the photo Walk Doorbell Order 14 Mcdonald's 4 items 2.9 miles for 6.25 Let's drive Baby Order ready back there Hopefully I'll have a pick up last three numbers 977 Thank you Thank you very much, you have a good night Let's go Easy baby Hello You locked in there Order for Decia Here you go Thank you, you have a good one Let's go Order 15 Let's get this green Royal Tide 4 items 10.1 miles For $15 We are hollow Chicken baby Hello For Seth M What's the name? Seth Seth, it's gonna be about 8 more minutes 8 more minutes? Okay, thank you Order 16, this one is sweet Subway 1 item 12, let's get it Subway baby Hope we got it together Get this while we wait for the other thing I just met for Fernanda H Thank you, you have a good night Let's Subway baby These doors over the edge are so long I'm gonna take a stairs 2 206 80 Yes It's going down It's too sick We are back We are back to Decia food Pick up for Seth Maybe I wasn't that long 5 more minutes 5 more minutes Alright, thank you Order 15 Let's start off by saying this We ordered 15 It was Rory Tye We canceled that order 5 minutes, 8 minutes And this one came up Halisco's Mexican restaurant 2 orders, 4.6 miles for 11 37 That Rory Tye is gonna take us all the way to Round Lake It was like 10.0 miles We don't have time to wait We are trying to get this cake Let's go Let's get busy I need to do the thing Hello I have a pick up for Neve B N-E-B-B Right here Okay Thank you, you guys have a good one Let's go Time to get busy Thank you Hello, I have a pick up for Haiti G Thank you, you have a good one Sorry, let's go Halisco's B-B Let's see It's hot Get in with that photo Let's go 17, my favorite number Panda Express 1 item 4.8 miles 7.25, let's drive Panda Express Panda Express baby It says leave it at the door So this is exactly what we're gonna do Hit him with that photo Let's go Order 18 Portellos 2 orders, 12 items 2.8 miles for $12 Let's go Let's get it done They said they want me to hand it to them So that's what we're gonna do Always checking to see if the door opens Sometimes Hello How are you doing? Nice tattoo, it's nice Thanks man, I got it all done in Japan Oh yeah? That's nice You in the military? I can tell Alright, thank you Let's go Order number 2 Isn't it at the door It's over right there Just like that Put him with that photo Y'all already know Ordered 19 Rare Robbins 3 items 3.6 miles for $7 We are hollering, let's go Rare Robbins baby, I hope that they got this joint Let's see So we can get this Oh yeah Yeah Let's go We're gonna hit a jump up there That's exactly what we're gonna do Drop it like this Put y'all already down Hello, you have a good one sir Two orders Order 20 is Portillo's 11.1 miles for $9.50 Get with me, I know that if you let me take this But it's going towards home And guess what else we got? Bam, we got another one Oboise Ice Cream 2 items, 10.3 miles for $9.50 They're both going towards home Get pissed How you doing? I'm gonna have a pick up for Jared D Together I just got a message saying we got a stunt You know what I'm saying?  I'm doing great I can't complain, here you go You have a great night Just like that, it's over Yeah Yeah It's over Yeah, it's over baby $2.90 Just in case you was wondering We got that $2.00, just like I said we was gonna do But I didn't really say that, but that's what I was thinking in my head You do what I was thinking anyway, it don't even matter But I hope you guys enjoyed the video Again, if you want to subscribe, make sure you subscribe And if you want to subscribe, give me a thumbs up And do not skip those ads One more thing before we go For those of you who want to do anything in life Stop procrastinating and start moving We don't want to hear no excuses Stop making up this all with this and that Stop making up excuses Do you think Muhammad Ali was making excuses? Do you think Serena and Venus Williams was making excuses?


The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Thursday morning, everybody. I'm Tommy O'Brien, company alive from TFNN. Just after 9 a.m. Eastern time, we got about 24 minutes to go until the start of trading with the opening bell, but they're already starting trading this morning. Markets in higher territory. I have a one minute chart here. The S&P usually pull these one minute charts up when we got some economic data and we got CPI out this morning. There's a lot in there to break down in terms of where the pockets are rising of inflation, where they're decelerating. Nonetheless, the numbers come in pretty much in line. Interesting that we get some volatility. We spike higher to 45.25. You trade down 30 points and we get it all back in the span of about 35 minutes from when those numbers were released at 8.30 a.m. this morning. Nonetheless, what you have is you have higher markets, folks, with the S&Ps up by 35 points. NASDAQ 100. You're up by more than a full percent right now. You see the volatility in the NASDAQ 100, right? Talking about 100 points down, 100 points back up. We were already in positive territory coming into these numbers, excuse me, with the NASDAQ 100 up by more than a percent. The Dow, almost back to those spike highs, up by 233 points. That's 610% at 35,429. We get the Russell up by about three quarters percent, trading at 1952, 15 points in the positive. Crew this morning, a little bit of volatility. We'll jump around to yields. We'll jump around to the dollar. Why not? Let's jump around to the dollar first, because it's so important when we look at some of the currencies and commodities in particular. Dollar index, 102.11. We're all the way down to 101.74. Dollar index off 37 pennies right now at 102.12. You jump to that crew contract right now. A little bit of weakness. We were above 84. We were inching towards almost 85 last night. Energy gonna be an interesting part of the inflation saga as it seems like we got higher prices, man. That's a one minute chart that I have. And it's important to keep in mind, right, that we are looking at numbers right now for the month of July, okay? And that is looking at numbers for July. Well, folks, you had actually prices in the 60s to begin the month of July. In the 60s to begin the month of July, we're trading at almost $85 right now, okay? So yes, the trend has been higher, but realistically that trend really taking shape in terms of late in the month that we're pushing 75, 80, we're now pushing almost $85 for crude. Energy prices, maybe one of those pockets that weighs on the inflation saga as we press forward. You have gold this morning, back to a short-term timeframe. There's your close yesterday. There's 1030 yesterday, excuse me. You close out the action of gold in about 1947. This morning we're up about $7 at 1957. Gold with a little bit of volatility as well. And we got to get to yields. Shopping around on the inflation data, but pretty much where we are right when we came into that data point with yields trading at 111.17, you're up by five basis points. And we got a 10-year, flirting right near about 4% right now. You jump over to the volatility index. 15.18 is a little bit of volatility.  We got markets trading higher. It's gonna be an interesting Thursday, man, because we got a lot to digest this market. Not quite sure what to read into these numbers, man. As we march forward is September the pause. It might be, man. They might have enough ammunition to at least make the case that they pause for a meeting. Maybe they pause for one more. Nonetheless, let's get into the numbers. Try that one more time. There's the numbers. We'll break it down in terms of month over month, year over year, CPI, headline number, month over month. And you can see how close we are, right? I mean, check out these numbers.  Everything basically in line, except for CPI, headline, year over year, slightly below the estimate. So month over month, we're coming in at 0.2%. Year over year, you have the headline number at 3.2%. You get the core number still at 4.7%. Yeah, some big numbers there to say the least. Now, breaking down some of the numbers as we go into it, okay? Pretty much in line with estimates. This is the Bloomberg live feed, and I backed it up right till 8.30, just to give you some of the hot takes as we came out of this number, cherry pick and some of what came out at 8.30. A little weaker than expectations on the year. We went over that, right? 3.2 versus 3.3. They break down. So shelter costs contributing about 90% of the increase in July CPI. The tough part here is that you're gonna see some rotations though, in terms of shelter. You're seeing housing, et cetera, but that could be seeing a potential bottom. I mean, how's that play into things? How do energy prices play into things? We also get weekly jobless claims this morning at 8.30. That number ticking up, 248,000. The number they were looking for was 230. So we got a little bit of a hot jobless claims number. In the context of what matters, the CPI is what matters most versus a 248 number for the jobless claims. Shelter costs increases expected to wane in time incorporating the slowdown in rents that happened a year ago, but housing costs further out are more of a question mark. If the housing market keeps bottoming as it has been. So that's the interesting part, right? We all know that there's a lag in rents and that's probably gonna be slowing as people work their way through the leases and factor in the appreciation of those assets that they're renting. But we're now approaching the area that we've had a slowdown for a year, maybe a year and a half, wherever you call it. As we go out six or 12 months, what if the housing market starts gaining, right? Food prices were also up. Four out of six major grocery store food indexes increased on the month, okay? They talk about treasury yields without rounding and I always say this, they should include the without rounding because man, there can be some massive differences when you're talking about a 0.2% number. Well, tell me if that 0.2% number is that a 0.16 or is that a 0.24, right? Well, core CPI 0.16% in July with a reading of 308.801, not even really sure exactly what that means, that reading, lower than the consensus of 308.941. So that's where you get a slight difference. Actually, slightly lower core CPI for the month comes in 0.2% versus 0.2% expected but the number they expected was a little bit higher breaking it down to the decimal points, okay? Fed swaps pretty much in line, man. Okay, pretty much in line in terms of the percentages, probability that there will be a hike in the next meeting. I think we're at 9% or 10%, something like that. Maybe those numbers are in here somewhere. Energy prices falling in July reading from the prior year. Overall, it looks like this component drove less of the index than expected. Gas increased 0.2% and electricity prices fell. Meanwhile, natural gas increased 2% over the month falling five consecutive monthly decreases. I mean, keep your eye on that one, man, okay? Gas increased just 0.2%, excuse me, yeah. Gas increased just 0.2%. That is gonna go up in the month of August, folks. No doubt about it. The price of toys fell by the most on record last month. They were down 2.9% for the month. I mean, I've been doing my best, folks, to put those toy prices up. I've been buying some toys at Target, man. No, I kid, half-wittingly kid. You know what's interesting, I'll tell you? We'll keep going over these numbers. I digress, so we'll talk a little bit about Target later. Housing at school, you send in your kids to college or prep schools, housing up almost a full percent in July from June, biggest gain since 2004, as I said. Pockets in here. Rents, the biggest and therefore most important component of core inflation, owner's equivalent rent, rose almost half a percent in July. Slight acceleration over June's 0.45% increase. Primary rent, on the other hand, rose slightly less than June's increase. We'll keep breaking it down, folks. We got a lot to talk about. We gotta get into Disney earnings as well. We take a look at Disney as we come into the break. Disney, up about a couple dollars. They're raising prices. Stay tuned, folks. We'll be right back. Don't go away. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today, TFNN.com, educating investors. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN, educating investors. TFNN has launched the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den, available to all tigers and tigerses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Welcome back, folks. Market's holding up pretty well right now and that's CPI number. We get the S&Ps up a solid 31 points right now, NASDAQ 100 up almost a full percent, trading up 145. You get the Dow right now up 610th percent, and you get the Russell up by about 610th percent as well. Jumping back to some of those cherry-picked numbers of the CPI. The broader trajectory of these components is lower, but today's data shows that disinflation may prove choppy from month to month, excuse me. And as you see, right? Owners' equivalent rent actually rising at an accelerating rate over June. Maybe you got some bottoming in prices there, okay? As that's gonna persist. Nursing homes, adult day services surged by the most on record, 2.4%. Talk about some numbers, man. No, and it wasn't 9%, there it is. Okay, so it's the Fed pricing and this was as of 845, okay? But not much of a move in terms of the probability of a hike. And I'd say that's probably pushing it, man. I don't think they're gonna hike, folks. If they paused and then they hiked, it would make sense. Maybe they're taking off a meeting at least. Anything can happen with the data, but we're seeing data that's pretty much in line right now. Okay, we got a headline number of, what did I say, 3.2%, is that where we're at? I think it is. 3.2%, that's the headline inflation number, man. You can break down the core, but we're at 3.2%, they've been hiking since March of last year. The fastest, steepest hike in my lifetime, to say the least. Yeah, they can probably take a meeting off. Nine basis points of a hike were priced in for a November meeting compared with 10 yesterday. That's nine out of 25 is another way to put that, right? If 25 were baked in, it would be 100% probability. You do the nine divided by 25 and you're talking about about a 36% probability of a hike. That's too high right now. That can change dramatically as we get data. I think that's probably too high right now in terms of what the Fed may do. In that September meeting, I think they're leaning towards a pause even though they haven't quite indicated. So they have, but you get the point. We still have almost a 40% probability of a hike, right? Doesn't seem like that's probably gonna be the case when we come forward. Yes, so breaking in some of the areas, this is what I wanted to get to. So we're going back to 8.47 in the morning, okay? But Bloomberg's got some great takes, man. I am a big fan of Bloomberg and on days like this, I always love some of the live feeds, some of the analysts they have in here, some of their reporters breaking down some of that data. One sign of trouble, don't say Supercore, that's not where we want trouble, man. That's the bread, the butter, that's everything that Chairman Powell's looking at. Supercore prices, a gauge closely watched by Fed Chair Jerome Powell. We bound it in July for the first time since September. What? Figure which measures service prices minus energy and housing, okay? Follows a June reading that increased at the slowest pace in 18 months. You gotta have the Bloomberg terminal to pull this up. That's how they try and get you in there. My dad can maybe pull some of that up on his program later today. Supercore components, what drove the numbers? Nonetheless, yeah, actually rebounding Supercore prices there. 0.19% on the month, not great, especially compared with the flat reading in June. So Supercore was flat in June. Now it's a 0.2% this month, and it had been hitting about 0.5% in the last year though. So obviously, well, off those numbers, yeah, core services, excluding housing, a similar gauge that also excludes medical services, okay? Which have been affected in recent months by changes in health and share profits actually re-accelerated on a monthly basis rising 0.4%. So this is a similar gauge that excludes medical care services, okay? That calculation, the one that rose 0.4% and re-accelerated is more consistent with the inflation gauge the Fed officially targets, which is based on the prices of personal consumption expenditures and isn't affected by health insurance margins, okay? So personal consumption expenditure folks, factors in more of those costs, that's what the Fed likes to pay attention to more so, and that is where you see some re-acceleration. So many data points, there's been stuff for everybody up there, right? In terms of there are so many pockets of this economy that are accelerating or decelerating, which one is gonna win out? And so many of these data points, whether we look at in one essence, we'll get the jobs number, right? And it'll be a weak jobs number, but then you'll get a hot wages number within the jobs number to say, ah, there's something for everybody to make their case. It's almost the case here. You're pretty close to in line. You got pockets of acceleration, you have pockets of deceleration and people are gonna make their arguments as we go forward. And I would agree, let's see. So the chief economist at Santander, US Capital Markets, Fed's gotta be encouraged. I think their intention is to skip September. I would agree at this time, man. Certainly not the last word. Well, if you think it's the last word, you haven't been paying attention, right? We got a lot of ways to go. Doesn't mean that you can't stay. I mean, I love, you know, our man Kevin Hicks is on vacation this week and last week and we're coming into that end of August. We're very fortunate to have him folks Tuesday, Wednesday, Thursdays and of course with fast market at noon Eastern time, every trading day. What he always says is keep it current. Don't go too far into the future, man. That's where things get really difficult, right? So keep it current. Look at where we are right now. Don't be afraid to change your mentality and bias with the market. And right now it seems like there's enough there that they can pause again. They already paused once. Don't tell me they can't pause again, right? That has given them the room to maybe pause for a meeting. The disinflation trend has gathered some momentum. Core CPI, 3.1% annualized over the past three months, the slowest since September of 2021. That's down from 4.1 and 5% in the previous two months. That's a big number, man. When you see it, yeah, and even, I mean, check out Bloomberg's headline. No, is it the journal's headline? Hold on. Yeah, this is the headline I was looking for from Bloomberg. And this is what the Fed is gonna see for sure in terms of giving themselves the ability. Core CPI posts the smallest back-to-back increases in two years. You got back-to-back 0.2% numbers on the core. You multiply that by 12, you're at 2.4%. Fed will take 2.4% all day right now and they'll stop hiking and they'll probably start cutting if we're at 2.4%. Doesn't mean we're exactly there, okay? But those types of headlines give the Fed room to pause again, I would say. And check it out, right? This is CPI excluding food and energy. That's your core number. Fed's gotta love those two, man. They gotta love it indeed. We'll see where we go from there. Like we say, we got a long way to go. We're still up 3.2% from an annual basis. Those are the four numbers that we went over as well. And yeah, I would say that that is a overpriced probability that the Fed is gonna be hiking in September, at least where we are right now, the data we got right now. And you have a huge chunk of that being housing costs that have otherwise moderated since the start of the year. Used car prices fell for a second month. Airfares posted the biggest back-to-back decline since the start of the pandemic as you got airfares down dramatically in there as well. And jumping back to some of those numbers. They're talking about yellow trucking in there. That's gonna be 30,000 workers that are coming down the line at some point. We did talk about the jobless claims number 248,000 from 230. You're gonna hear a lot of talk about disinflation. Disinflation. Yeah, this is the, hang on this one, right? The disinflationary trend anticipated by markets is pinned on shelter CPI starting to fall while other CPI components remain low.  Something our markets are not priced for. So we'll keep talking about this, folks. Yeah, I would agree. September's a skip. Nothing in there is gonna make them hike again, folks. So we see, we got one more month of data. We'll see what August reports, right? Stay tuned, folks. We're coming back for the open first. We'll take a look at Disney next. Stay tuned. For years, candlestick pattern analysis is a primary tool among successful traders and you should be no different. Candlestick patterns can demystify buy points, sell points, general price movement, and so much more. At 4 p.m. on Monday, August 14th, trader Teddy Kextat will be hosting a live, hour-long webinar on Japanese candlestick patterns. Teddy, the author of the Tiger Forex Report, has been trading for 33 years and candlestick patterns have been instrumental to his success. For just $97, see how to use candlestick patterns to analyze stocks and options in order to capitalize on market swings, increase your odds of success, and decrease your risk. During this live webinar, you will learn when to use and when not to use Japanese candlestick patterns in this volatile market. Dispel the myths about this strategy and see just how much the mastery of candlestick pattern recognition can impact your trading. Visit TFNN.com today. TFNN Educating Investors. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, and now they are expanding their reach with the Tiger's Den, available to all tigers and tigerses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other tigers and tigerses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority in technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Welcome back, folks. We're at the markets right now in positive territory but pulling back from those highs, I still got a one minute chart up here. You see the acceleration making highs at about 905 and we open and we're trading up 22 points right now in the S&P is trading at 4507. We jump over to the NASDAQ 100. You're up by 100 points but you give up some of that gain as well. 15,276 markets dropping a bit on the open. The Dow catches a little bit of a bit actually up 200 right now in the Russell. Little bit of a divergence across the board. Russell pushing almost the pre-market session lows at 1945 right now. Excuse me. All right, we jump over to Disney. And yeah, it was an interesting quarter. They miss on numbers for subscribers. They beat on profit. They record a $2.65 billion one-time charge. They catch a little bit of a bit on the open with the market right now at Disney up by 3%. So they, I think they missed by like 10 million. They had a 7.4% decline. I'm jumping around to a couple of articles here. First of all, they had a $2.65 billion one-time charge and impairment, okay? So that brings their profit down for the quarterly on a big way of course. Subscriber losses continued over the last three months with the company reporting 146.1 Disney plus subscribers during the most recent quarter. That's a 7.4% decline. The kicker in there is Hotstar over in India. They lost the rights to Cricket that pushing their subscribers down there in the millions. Even domestically though, they lost 300,000 subscribers domestically. I think the market was looking for them to lose about 100,000 domestically. A bright spot, the parks experience and products division is what they call it. 13% increase in revenue to $8.3 billion during the quarter. That's almost $100 million a day in that one division. Pretty interesting how that comes in. And yeah, so getting into these numbers a bit. So Hotstar alone, they saw a 24% drop in users after it lost out on the rights to the Premier League Cricket matches, okay? So they knew that was coming. What is interesting is, I was listening to the numbers last night after the bell, they come out with the numbers. One of the analysts is saying, yeah, well the reason why they missed so much and the subscribers is Hotstar, then why did they miss so much? Why didn't the analysts know that that big of a drop was coming? Maybe they did nonetheless. It was a big miss in terms of subscribers where they came in. 151.1 million was what the market was looking for and they missed by about five million subscribers. That's about 146.1. I'll pull up. I'm on CNBC first for some of the numbers here. We're gonna jump to a journal article next. Revenue, slightly under what they were looking for. They beat on earnings a $1.03 versus 95 cents a share and Disney plus total subscribers 146.1 versus 151.1. There was a time ago, folks, that missing by five million subscribers would have sent this stock tank stock tanking. But that's not the case because that's not what the market's focusing on right now, man. So you had Elemental, which was out, cost 200 million to make, stalled at the box office, 423 million globally. You had Indiana Jones cost 300 million to produce, not including marketing costs, tally just 369 worldwide. And the performance of some of our recent films have definitely been disappointing. As you'd expect, we're focused on improving the quality of the films. Yeah, they gotta turn around. I've talked about, man. Disney, you know, pull up the slate of their movies, folks. They put it out there. They have a schedule right now that pushes, I mean, they push some of it like, they got Avatar 6 scheduled in 2030 or something like that. I'm not even exaggerating, okay? But there are two Star Wars movies coming and that's probably gonna be a bright spot for Disney assuming they have the other parts of that ship running right, in terms of really coming back to the box office. Haven't had a Star Wars film, I think since 2019 and you're gonna get two of them, I think within the same calendar year. Now that can all change with the writer strike going on right now as well. But nonetheless, now jumping to the next article we got here from the journal, this is breaking down some of the action.  They're jacking up the prices, man. So this is where you're seeing differences, okay? And they talk about Netflix versus the S&P 500 versus Disney. You got Netflix The Darling over the last 12 months. Now, boy, it was quite a haircut over the last 12 months before that, right? But Netflix up almost 100% in the last 12 months. S&Ps up 8.5, Disney down 19% over that same period of time. Iger has come back, Chappick is out. Now what's interesting here is they're going to the ad supported deal, right? They lost 300,000 subscribers from the domestic Disney plus service. That's what I was talking about. Market was looking for them to lose about 100,000 subscribers. So they have disappointing revenue from the direct consumer business.  The stock recovered during the conference call, okay? Which they announced an increase to the prices. The hikes are targeted by design. Subscribers to the ad-free tiers are gonna see their rates go up 20 and 27%. While prices for the company's ad supported tiers won't change. They are putting the press on people that are paying for no ads. The reason why is, is that they make more money per user off the people who are in the cheaper ad supported version of their app versus the people who pay for no apps, okay? The advertising marketplace for streamings picking up, Eiger said on the call, Netflix noted in its own investor call that cheaper ad supported plan generates a higher average revenue per user than its standard plan, which costs more than twice as much on a monthly basis. Advertising, right? I mean, think about how much Facebook makes per user and they got billions of users. They can never, ever. It's something like 50 bucks a user sometimes. It varies by quarter, but they got like everybody in the world using their product and they're making 50 bucks a user. And if I'm exaggerating, let me know on ballparking folks. But yes, you can make a lot more money by charging less and hitting those people up with advertising than making all your consumers pay. I mean, ask Elon how the check marks go in for $8 a month. That's not gonna support Twitter folks, okay? It's not gonna happen. The revenue of that type of business plan doesn't exist. So it's interesting to see that advertising is the way the future here as they go. Now, you had Disney striking the deal with Penn Entertainment yesterday. $2 billion deal. That's over 10 years. They're gonna use ESPN. They're gonna get into sports gambling. Iger talked about getting rid of some of the legacy networks like ABC and FX. That one's gotta happen. Now they talk about in here that Iger mentioned, okay? Any strategic move with its TV networks like ABC, like FX would need to preserve its ability to produce content for its streaming operations. That will make any such deals complex to say the least.  You're seeing it. He is on a mission right now, Iger, man. And I think that this is an opportunity at the share price folks. I'm even thinking about it from my newsletter. Disney trades lower on the open. You're at 88.56, but you're seeing the shift here, right? They miss unsubscribers, but what's the focus? The focus here is they're getting it to add supported tiers. They're focusing on cutting costs. And yeah, that's what this market needs right now for Disney. I imagine, especially when you see how it changes. In any other universe, when we were back in the days of streaming, being the holy grail, they would have gotten punished yearly, but that's not what the market's focusing right now on. And I think you're gonna see it. He's got a deal done with ESPN. And listen, I have Disney in retirement already, okay? Disclosure for what it is. Longer term, you go out to where they're pumping out big hits, all right? They're gonna ditch ABC. They're gonna ditch FX. They don't need them. They need to make production houses for their streaming platform, focus on the parks. Disney, up by 1%, market's up by 1%. Stay tuned folks, we'll be right back. As the trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices.  First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. tfnn.com, educating investors. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at tfnn.com. Bill, the S&P 500 continue to climb for bold trades on US large-cap stocks in either direction, trade SPXL, SPUU, or SPXS, directions daily S&P 500, bull and bear, leveraged ETFs, direction leveraged ETFs. An investor should carefully consider a fund's investment objective, risks, charges, and expenses before investing. A fund's prospectus and summary prospectus contain this and other information about direction shares. To obtain a fund's prospectus and summary prospectus, call<PHONE_NUMBER> or visit directioninvestments.com. A fund's prospectus and summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Back folks, we put things on a 10-minute chart. You see this market charging higher, right out of the gate from 9.30. S&P is pushing basically session highs right now, up 38 points at 45.23. That's almost 9.10% in the positive. Nasdaq 100, just over that 1% mark, up 156 points. Dow right now at 9.10% in the positive. Russell, a little bit of a laggard, up about 4.10%. Let's jump around to some of the fang stocks. See how we're kicking things off. Apple shares, up about 8.10% right now. You jump over to Amazon, whoops. Amazon catches a bid up by 1.2% right now. You jump over to Microsoft shares, up by 1.1%. Yeah, Google shares, the whole market right now, outside of any individual equity news, up about 1%. You got Google shares, up 1.25%. Meta shares, up 1.25% right now. You jump over to Tesla, catches a little bit of a bid, up by 2.3%. We jump over to some of the airlines, united, barely in the positive right now. Delta, up by 1% right now. American Airlines, barely in the positive. We jumped to some of the banks on the heels of that inflation data. JPMorgan, up half a percent right now. Bank of America, up by half a percent. Wells Fargo, up by about 9.10%. We jump back to Disney. They almost give it all back, man, on those numbers. Excuse me, interesting in terms of the reaction with the positive market, right? Markets are up 1%, Disney can't even hold on to the gains right now. They miss on subscribers, and they get some work to do.  I'm talking about maybe you get into this equity at $88, maybe you're looking longer term.  Okay, you're at $88. You're getting into this equity almost where it was trading at 10 years ago. Absolutely remarkable. Now, that was at the heel end of coin acceleration. But you wanna see, I mean, check this out, right? This is where my dad talks about it. You need a consolidation after a move like that, right? Well, Disney trades, folks, from 28 bucks up to 120 bucks. You do it over the period of about three to four years. And yeah, and then we have a 10-year basin. Things got a little bit crazy in 2019. Okay, now, zooming in on the action since 2019. They really plowed through some big blockbusters in 2019. I think they had seven different films that grossed a billion dollars, something like that. Streaming was coming into line as well. This acceleration in April of 2019 is when they announced the plans for streaming. I think they started at $5.99. Remember, they were gonna undercut the price of Netflix, market loved it. They go live in November, they loved it as well. COVID hits, the thing takes off to $203. But bigger picture, okay? You're getting into prices. Disney was at 10 years ago, man. And what I would do, though, is that I would scale in. That's the point of that, okay? You don't have to load up position at 88 bucks. Let's say you wanna buy 100 shares of this thing. By 25 shares now, by 25 and three months, 25 and three months after that, and 25 and three months after that, you scale into the position over a period of nine months, keep the money that you might be in that equity at on the sideline, you're collecting almost 5% overnight if you got it in the right money market fund. So something to think about. The other thing you could do is you can sell puts below the market potentially, right? In some of these areas, just stuff to think about, man, when you're at these prices. S&P's approaching 4,600. Okay, so we all know there is risk to the downside. Market trades lower, everything's gonna trade lower. But I think they're at the point, man, you see it. Everything's going wrong for Disney right now. The CEO's out, Eiger's back. They're doing a deal with ESPN. They're probably gonna ditch ABC. They're probably gonna ditch FX. They're gonna try and trim some of those costs at the expense of some of the growth, but the market is okay with that right now, man, because that's what they need to do to stem some of those losses and some of the spending that's going on on Disney Plus.  It's gonna be a bummer, man. I mean, that's what makes streaming so great in the beginning, right? No ads. Everybody loves it. You binge watch a show on Netflix. You watch 10 straight episodes of House of Cards. That was one of the first big ones, right? Not a single ad in there. So things are changing and we'll see where we go from there. All right, what else have we got pulled up? Let's take a look. Let's see what we got here. Yeah, the AI picture, college, I got a lot of articles, Minneapolis. This one was an interesting one yesterday. I was reading this one yesterday. I still have it up here on the front page. First American city to tame inflation, Ozyx is its success to affordable housing. Housing is such a big component right now of inflation that statistically, cities where housing is not a problem, where costs are not rising, inflation is not a problem. That's what they'll tell you, okay? And that's why the rent equivalent for an owned property really doesn't matter as much because your mortgage isn't going up, right? So in certain areas where housing prices are not increasing, you're not seeing a rise in the rent equivalent of that property, but people's mortgages don't go up. So it's a theoretical amount and Europe doesn't even use that component for their CPI. Okay, you've seen these articles talked about.  I was listening to a segment on Bloomberg Radio yesterday on this and the analysts at the end or the reporter at the end, I'm not sure who they were talking to. It might have been one of the authors of this article, but they kind of ended it with, well, you talk to people in Minneapolis though and they're still paying, they still see the price tag on their grocery bills, they still see the price tag of what they're paying and it doesn't seem like they're getting a lot of reprieve. Versus, right? I have friends that, you know, Florida still has a hot bed of inflation going on right now. Well, why is that folks? Because everybody's moving to Florida. Real estate prices are through the roof. And I sarcastically said, you know, yeah, let me get on my soap box and tell you how angry I am that real estate prices keep going up, right? For people that own properties, man, that's not a problem. For people paying rent, it is a problem. The rent equivalent model of that, not really a problem folks. So interesting how it plays out. And this one talks about affordable housing. One of the things going on in St. Petersburg, which is great is the ability to add accessory dwelling units, ADUs. Seems like something that people would be more open to, right? Because it's always not in my backyard, man, right? I'm all for affordable housing. Just don't put it behind my house, whatever it is. We all know how it goes. Affordable housing units are a great way to add affordable housing within single family neighborhoods. They're doing it in St. Pete. My dad's built some tremendous ADUs on the back of his properties out there. And it's an amazing way to maximize the land value without changing with the way everything is done. Now, Minneapolis eliminated zoning that allowed only single family homes. And since 2018, they've invested almost a third of a billion dollars on rental assistance and subsidies. So they've come that one, but there's a lot that goes into that article. So I wanna bring it up and just, it was interesting how they ended the discussion yesterday on Bloomberg Radio talking about, well, people in Minneapolis, they don't really feel it though, because when they show up at the grocery store, they still got a bill that hits them with an inflation number that they realize is high, et cetera, right? Nonetheless. All right, what else we got pulled up here? Let's see. Yeah, Alibaba, we'll take a look at Alibaba, report solid earnings, beat revenue rises, most in September of 2021. We take a look at Babas. We come into this final break and markets continue higher. Alibaba, up by about 5.6%. You talk about a pullback, man. You wanna see something? Is that as far back as it goes? Yeah, it is. The monthly, that's as far back as it goes. You get into Alibaba in 2014, you break even in 2023. That doesn't quite seem fair with what China's done over 10 years, but the market doesn't have to be fair, man. Quite the pullback. S&Ps right now, almost a pre-market session. Session high, it's not pre-market. 45.30. We're up by 45 points. One more segment, folks. Stay tuned. We'll be right back. Don't go away. TFNN has just launched their new trading room, The Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years, with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with The Tiger's Den, available to all tigers and tygruses for just $1 for the year. There's no catch or added costs when you join our community of traders. In The Tiger's Den, you can join our community In The Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other tigers and tygruses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices.  First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Welcome back, folks. We got the CPI report out today. Seems like the market's happy with that number with the S&P's continuing higher, making new highs for the day up 48 points right now, trading at 45.33. We'll get the NASDAQ 100 up by 213 right now. And folks, this coming Monday, can't believe it's already Thursday, man. We got our man, Teddy Kegstad. He's got a webinar coming up on candlesticks. Check it out on the front page at TFNN.com. Japanese candlestick pattern, stock and option strategies. Teddy has written a book on candlesticks, folks. He's doing a 60-minute webinar this Monday, $97. He's gonna be over candlestick patterns, how to use them for equity and option trades, $97. You can't go wrong. It'll be our card, folks. You'll be in there with Teddy for an hour. We should have a great group in there. Check it out. Nothing recurring. You're not signed up for newsletter, $97 one time for an hour-long webinar with Teddy on candlestick patterns for equity and option strategies. That is Monday, so check it out as time is flying. And as we finish up the program, the Panama Canal, yeah, check that out, right? 154 commercial vessels are waiting to cross the Panama Canal with an average wait time of three weeks, 21 days. The Panama Canal Authority has reduced the number of ships allowed to pre-book transit. They have a drought going on, so they can't make it through there to the same degree. 40% of all US container traffic travels through the Panama Canal every year. This is gonna get worse before it gets better. One expert said, pretty interesting. Let's see where that goes. And then we'll finish it off with some real estate. Why not? As we have CPI numbers, right? We talked a lot about rent, owner equivalent rent, et cetera. Average Manhattan rent, just hit a new record of $5588. Now, I love how they break down the average and then they give us the median, okay? The median is the middle number, folks. If you got 100 people who are renting, you take the 50th person. That is far different from taking the average because the average will be skewed sometimes to the upside, especially in an area like Manhattan, where you probably have rentals that are running a million dollars a unit on the high end, shifts the average up high. The average, almost 5,600, even the median, $4,400 a month. The kicker in all of this, folks, is that you got almost half of the space filled in offices, but it does not matter.  Don't forget about Teddy on the front page. Stay tuned. Basil Chapman's coming up right now with the Tiger.


Do you often feel a strong longing for physical affection? Touch starvation, also known as skin hunger, is a real phenomenon that can affect anyone. You're not just being needy. Are you constantly feeling lonely and disconnected from others? Even when you're surrounded by friends and family, this could be an indication that you're experiencing touch starvation. Human touch is an incredibly powerful way to create connections and build a sense of belonging. The absence of physical affection, such as hugs or gentle touches, can intensify feelings of isolation and make it difficult to feel emotionally connected to those around you. Do you react intensely to casual physical contact, such as a hug or a pat on the back? Look to yourself at a social gathering, observing friends and acquaintances, casually engaging and friendly touches. Do you find yourself experiencing a sudden surge of emotions or an overwhelming desire to be included in these interactions? Remember, you're not alone in craving touch. It's a natural human need. You can reach out to her loved ones for more physical connection and consider activities like dance classes or massages. Thank you for being here.