The following is a presentation of TFNN. The Morning Market Kickoff with your host, Tommy O'Brien. Good morning everybody. I'm Tommy O'Brien, coming to you live from TFNN, 9.06 a.m. Tuesday morning. We got about 26 minutes to go, 24 minutes, correction. To the opening bell, we got markets, a little bit of a reversal overnight. Starting things off with the S&P, you're negative by four points right now, but quite the acceleration, acceleration. Since about 2 a.m. Eastern time, that's the time you got Europe opening. You have the S&P is trading at 45-42. We're solid 22 points, about a half a percent from the highs to the lows, where we are right now. You're negative by just four points technically from the overnight session on the S&P's. Tech stocks, NASDAQ 100, pulling back by about 100 points from the high to the low. Quite an acceleration higher. You had all the tech stocks trading higher, not all, but NASDAQ really accelerating to higher price levels. You make a high overnight, 15,677. You see the pop we get at about just after midnight. You trade up to that price level, and then it just kind of gives it up. We're trading about 100 points off of that high right now, 15,582. You jump over to the Dow, negative by 35 points, but you're talking about a solid 160 points off of the highs we had last night in the Dow with the Russell. Negative by four points this morning. We made a high intraday yesterday, really not intraday, right at the open. The Russell sells off the high pre-market, 2287. You fall out of bed and you just hang kind of at those lows. As you had tech stocks accelerating higher, the Russell giving things back yesterday. Over in Europe right now, because a lot of this action had, been from about 2 a.m., which is back in things up to the NASDAQ 100. Highs made it about 245 S&P's. You're talking about highs made two o'clock technically, but we were up to that area at about 230 as well. You have the DAX down about 3.10%, FTSE down 6.10%, KAC rolled down 3.10% as well. Over in Asia, positive territory, Nikkei up by a percent, Shanghai half a percent, Hangsang up 1.3%. All right, jumping around to commodities. Crude trading a little bit lower overnight. You see the acceleration there. Kind of happens right when the market's right. 230, 3 o'clock, really 4 o'clock-ish on crude. You trade down about a dollar from the highs we had overnight, the high at 3.30. You're talking about 69.34, we're trading at 68.36. Gold contract, giving back some of the gains as well. There's a drop in gold just even at 9 o'clock right now. You've got gold dropping about $10. Call it $8 just in the last eight minutes in this bar. Whoops, what just happened there? Let's go back to that gold contract. There we go. Gold had been up to 18.26 Sunday night. Last night overnight, you're up to 18.22. We're flirting with 18.04 right now. The 10-year, quite a little acceleration in terms of the pop. Now, you take a look at the 10-year, you put it on a daily. Let's put it on a weekly even. Let's take a look at this. We're going to take this Fibonacci retracement zone off of there. Last week, we had quite a move in the 10-year. You're talking about a move, and we had some volume as well on that contract to lower price and higher yield. Right now, we're looking at a yield of 1.29% in the 10-year. Little bit of lower price last week, catching a little bit of a pop this week in terms of there's your action on Friday to the low of 1.3226. Monday's action a bit higher, but again, since about 3.04 AM, you were trading at 1.3321. We're trading 1.3315 right now in the 10-year. And let's take a look at the VIX. As we have a little bit of negative action with about 20 minutes to go until the market opened, you were as low as 1.591 at the market highs. And just like that, the VIX 16.62 still relatively low volatility priced into this market. Taking a look at the markets a little bit longer term. I've been talking about the trend lines, especially in the S&P. Talking about a well-defined channel. The channel master, man, Bud Rolfs owed to him. Hope he's doing well out there. It's a remarkable channel. S&P is right in the middle of that channel line. You're talking about 45.21, lower boundary line, 4,400 and change, upper boundary line, about 4,600 and change. What I find interesting here is the NASDAQ 100 could be bumping up against the upper boundary line right now. You're talking about an index. Now, you're backing up to about a year ago, September. You're talking about we were at a price level of 12,400.  And again, on the top side, you had a spike high about a year ago, September. The two highs we got in January and February, and we're coming right up to that level right now. Now, you could make the argument, right? Art, not a science, folks. You activate that drawing. Maybe use a little bit linear regression. Maybe those tops are lining up. Maybe there's your channel line with a little bit of variance on either side. Either way, we're bumping right up against that channel line right now in the NASDAQ 100. You jump to the Dow. Not sure how this channel line shakes out, but that could be one channel line that you present. Now, it doesn't really match up with the lows we got back here, right? But you cut that part off the chart and it might. That's not the low though. So again, putting everything out there, right? Not sure the highs line up as well, but you see the divergence here. The Dow definitely not bumping up against the upper boundary line of its channel line. That would correlate to somewhere above 36, 37,000. Maybe the Dow is the laggard here. Maybe you see the Dow catching a little bit of a bid as you have rotation from the tech stocks, which could be topping out. Just throwing out some theories, but the channel lines are present in that type of an opportunity, potentially if that's where we line up. We're catching a little bit of a bid in the last few minutes in the NASDAQ 100 off of the lows. You see the pop there in terms of the overnight low. We were trading at a low there of 15,563. We're up above 30 points. Should be an interesting open as we come into the open at about 930 in about 18 minutes. And from there, let's jump to some of the news that I got. Before we get into the actual equities, home prices. So this was out at nine o'clock. Soaring home prices shattered another record. In June, K. Schiller, S&P K. Schiller, how about home prices rising 18.6% annually? That is a staggering amount of growth for a home price. When you think about, you know, they often say home ownership is so crucial, right, to the American dream.  And then you're financing the rest with interest rates that are, I mean, the 10 year right now is 1.29%. You get that type of capital appreciation over a year when you look at the amount of money that you put up. For those people putting up 3% or 5%, the capital appreciation over the last two years has just been remarkable in terms of those prices. How about this? Prices 41% higher than their last peak during the housing boom in 2006. There's a comp for you. That's the peak in 2006, folks, before it crashed. 41% higher. That was not a real peak. Okay, that was not an accurate reflection of the market conditions at that time. You could say, well, 41% over 15 years is not that great. Not that great at all compared to the market, but you're taking a peak that was an irrational high that would not real prices reflective of supply and demand back then. Nonetheless, getting into the numbers, 18.6% is the number, up from 16.8% increase in May. Now these are June numbers. Talk about delay, folks. We're coming into September, okay? But still, largest annual gain in the history of the index dating back to 1987, as they say, 41% higher than last peak in 2006. Unlike other median price surveys, which can be skewed by the type of home selling this measure, this measure's repeat sales of similar homes over time. So you're not gonna get skewed by the type of homes that are in there. The 10-city comp, 18.5%, 20-city comp, 19.1%. Phoenix, San Diego and Seattle, strongest there. How about Phoenix, 29.3%. Think about that. What is that? You buy a house with 200 grand. That house is trading at 260 grand. You only had to put down 40 grand for a down payment of 20% and just like that, you've made 60 grand, let alone the tax write-offs that go with that, writing off your mortgage deduction, et cetera. San Diego, 27.1%, and in Seattle, 25% remarkable. We'll take a look at some of the other cities in here and we'll be talking to our man, Kevin Hinks, when we get back. And folks, I'll be right back. Golden ratios give shape to everything in our world, represented in the Fibonacci sequence. These special numbers define the patterns that make up our universe. Not even markets can escape the omnipotence of these ratios. Larry Pezzavento is a 45-year market veteran who has published nearly a dozen books on the powerful patterns we find in nature and their relationships with the ever elusive markets. Larry's newsletter, Fibonacci 24.7, will teach you to harness the power of these natural golden ratios in order to create successful trades. Fibonacci 24.7 is designed to teach the tools you need to identify and act on these undeniable and reoccurring patterns. Sign up for Larry's newsletter, Fibonacci 24.7, and you will also receive free access to his trading webinar, Trading Strong, Trending Markets. Try out Larry's newsletter risk-free. All of TFNN's newsletters come with a 30-day money-back guarantee. TFNN, Educating Investors. 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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. Welcome back, folks. I got to try to zoom video up here. Quite the acceleration lower on their earnings. Decent earnings, you could say. I mean, decent to the tuna trading down almost 14% right now. You were 3.47 50 last night. You dropped out of bed last night right away on their numbers. Continuing a little bit of a drop, you were just trading at about 3.09 as of 7.30 this morning. The thing dips to 2.95. Now, you take a look at Zoom here. You put it on a three-year weekly. This thing had quite the run, right? Beginning of 2020, you come in at 65 bucks. You really drive higher. Look at that bar. You got a year ago in September. You drive from about 300. You almost double the price by October 19th and then quite the pullback. Now we're gonna open in Zoom right back to that breakout area. Take a look at that five-year daily, excuse me. Five-year daily to get the full run. You can see that breakout from September just did about 300. Now today's action has not begun yet but look for Zoom. Quite the move, 298.97. Quite the multiple they're dealing with but they do have a ton of revenue. They're making a lot of money but not quite as what the market was looking for there. Really getting punished in the overnight session back to that breakout area from one year ago. All right, folks. Let's jump over to our man, Kevin Hinks. Every trading day, 11 a.m. Eastern time on Tiger TV, the TD Ameritrade Network Fast Market with Kevin Hinks, Alex Coffey and the team breaking down the action, walking you through hypothetical trades. We got a jobs number coming out on Friday. We got a private jobs number coming out tomorrow for ADP. Kevin Hinks, good morning. Good morning, Tommy O'Brien. Last day of the trading month today, so expect maybe some fireworks at the end of the day as people start to flip some things around. But yeah, Zoom, we covered Zoom yesterday on Fast Market and kind of the theme of what we were talking about was decelerating growth. And that's the headline that they were gonna have to overcome. And even though they beat on all the metrics, they were, you know, the consensus were for 49% growth. It came in over 50, but not enough to keep the stock up here and that's what we feared, Tommy. Yeah, I mean, these companies, man, it's amazing. You hear it talked about many times, right? But the multiples that we're dealing with, the price to, whether it's price to revenue, price to earnings, a company like this, they're just doing mammoth numbers, Kevin, but when you look at the mammoth numbers that they got from multiples, man, we're talking about a company valued at $89 billion. You better be growing when you're talking about, you know, making 300 million here or there. I mean, I love Shark Tank on CNBC sometimes. You know, I laugh it off for entertainment folks, but man, that's quite a multiple when you're talking about $89 billion. And we're seeing it's gonna open down about 50 bucks today. So Kevin, we start to get some jobs number talking about ADP private payrolls tomorrow. We get non-farm payrolls on Friday. The expectation, a little bit of a decrease, 700,000 in change, I think I heard out there looking for August numbers for non-farm payrolls on Friday. Is that something you're looking for? Any type of action in the market? Are you looking for maybe September? Is there a time on your horizon, Kevin? This is like the million dollar question, right? The $64 question. That these jobs numbers become more and more important and we don't say, well, we gotta wait until, you know, the extra unemployment drops off or we gotta wait until school starts, right? Or we gotta wait, it seems like we've waited, but time is coming and we're almost there, I think. Well, September 6th is when those enhanced benefits expire. So the number that will come about after September 6th, which will probably be the October number, is probably the one that will be the most consequential. Let's put it that way. In terms of the market, because that's when hopefully this flood of people will start joining the labor force and hopefully you would think some of these people would be, wanna get ahead of the curve and do it early, but you don't know, right? I mean, the toll number, we'll watch that during the month of September and we'll watch these payrolls. 740 is a big number, 5.2% unemployment is ambitious, but we'll see what happens when it comes out, but September 6th, Tommy, is when all these benefits expire. So we'll see what happens then. It might be one of those where it might be one more month of waiting to see this play out. So it wouldn't surprise me if that's the case, Tommy. Yeah, no, it's a great point. It's kind of where my head is as well, right? So you're gonna get them drop off September. It would make sense, Kevin, that if you're in that position, right, hopefully you're motivated enough that maybe on September 5th, or I'm exaggerating, maybe September 1st, that you don't wait until September 7th, man, when everybody else is on the rolls, right, that that starts to pick up. But it's so interesting how there is enough ammunition for reasonable arguments on both sides of it, man, which is why I find it so cool. Not often is there so much volatility. I mean, analysts, it's gotta be so tough to be an analyst in this market, Kevin, when there's so much volatility, depending on whether it's waves of the Delta variant now, just waves of whether certain states are pulling that extra unemployment benefits. As a trader, I think it's pretty cool sometimes that you can get some misses that maybe just aren't quite possible in a market that's not dealing with so many variables going on. So we get Zoom earnings, earnings, of course, today. We still got some companies coming up this week. We got economic numbers as well. We got home numbers out this morning that are really rocking record territory for those as well. What are you guys gonna be coming up, talking about on the program today, Kevin? We'll be definitely talking about CrowdStrike, right? And their earnings coming out after the bell will probably look at the consumer staple, Campbell Soup. And those will be the main two that we hit today. Then we'll probably do one of the big names that you see, a couple of big names been having some big moves. So definitely CrowdStrike and their earnings and Campbell Soup and their earnings on consumer staple. Nice, and I got CrowdStrike up here. So we got their numbers after the bell tonight. You jump over to the Analyze tab, folks. We're talking about a $17.64 move on the ThingSwim platform, $286 stock. And it's always amusing, Kevin, in terms of stocks that are executing and what an industry to be in. I mean, that's just, and this is another great company, a growth company, but some big numbers already behind them. But like we just talked about on Zoom, man, when you trade from $31 up to $286 over about a year and a half, you're gonna have some lofty expectations for growth in a big way. Well, Kevin, we appreciate the conversation, man. We look forward to the show always at 11 o'clock and we'll be watching, man. Have a great key, Tommy. Thanks for having me on. You too, Kevin, always a pleasure, man. Folks, tune in every trading day, 11 a.m. Eastern time. Kevin Hanks, Alex Coffey, the TD Ameritrade Network Fast Market. They break it down, always an outstanding program. We're lucky to have it here on Tiger TV. All right, jumping back to the markets, catching a little bit of a bid with about four and a half minutes to go. We got the Nasdaq 100, 15,605 S&Ps, back positive by barely half a point, 45, 25, Dow negative by five right now, Bitcoin trading down about $800 at $47,925. Now, let's see where Zoom is on that news. 296, this would be an interesting open. With down about 14%, you could see a pop here. Always interesting when you come right back to a breakout area right now. It's a breakout area. But boy, you could say the breakout area was what? $50, $68. I don't imagine they're going back to that time, folks. Zoom has changed from the company they were in January of 2020 in a big way, but you're going to open at $300. Now, the low we just had in May, you're talking about a low of $273.20 that you pulled back. I mean, you're talking about a pullback of this thing.  We'll break into more of these earnings. We'll pull up that price to sales as well when we get back after the break, because it's interesting when you look at this company, we'll break down some of the numbers. So you can really get a walkthrough of the multiples you're dealing with, because it's easy sometimes to say, well, gee, Zoom. Zoom's going to be growing always in the future, right? I mean, they've somehow supplanted Skype and they're competing with Microsoft Teams. I just use Zoom for my fantasy draft going on. Amazing, a company could come into that industry and almost become the leader, which they have. But we'll pull up some of those earnings, some of the sales they had this last year. We'll compare it to that market cap to get a feel for what they're dealing with for growth. Stay tuned, folks. We'll be right back for the open. Are you having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex predator in the trading markets and join the Tiger's Den trading room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. 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The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. We have markets open, markets barely in the red. We got Zoom open 294.96 right now. You're down 14.99%. We'll see where they trade as it comes out. Checking in to the Zoom numbers. So getting into the numbers, here they are. More than a billion dollars in the quarter for revenue fueled by strong demand for its video conferencing services that became ubiquitous during the pandemic. Now worth mentioning, if you're not aware, you can use a lot of their services for free here, but they're making some money. Second quarter profit rising to about 317 million from 186 million a year earlier. I mean, they've got some big time margins. Revenue, 1.02 billion, and they're making 317 million. That's up from 663 million a year ago. They beat Zoom and Wall Street projections, as they say. So here, getting into the yearly numbers, they now expect revenue to reach 4.01 to 4.02 billion for the annual year. That's talking about slight beat over the 3.98 versus 3.99, and they're gonna have 475 to 479 adjusted profit. The previous range was 456 to 461. So you see, I mentioned, I mean, these are pretty strong numbers when you just look at the actual metrics of profits, losses, earnings, et cetera. Zoom said it now had 504,900 customers up from 497,000 in April. 2,278 customers generated more than 100K in revenue over the last 12 months. They're big dogs, you could say, up from about 1999. So they've added almost 300 people paying more than 100 grand. They're really using their services and paying, what's that, eight grand a month, eight or nine grand a month for Zoom. They're adding features, et cetera. So we're talking about price to sales. Now let's see. All right, so it's down to 290. Let's see if we jump over to the Analyze tab, we're talking about right now at 290. On the fundamentals, we're dealing with a company that has valued at 86 billion dollars. Now you were pushing 100 billion as of yesterday, okay? Now they're taking in $4 billion of revenue, right? The annual revenue is gonna be $4 billion. So you're talking about a price to sales even with the drop off they have had folks of 86 billion dollars. Now this is a growth company. That is the bottom line, okay? And they may exceed that growth and when they do, the price may appreciate. But to put things in context when you're buying companies like this and there's nothing wrong with buying a company like this, folks, I think Zoom is a great company. I think right here you could buy it on the long term. Definitely. Depending on how long, you may face some heat, not no trades of guarantee, you wanna have your stop in there, okay? But to fully understand, when you're taking in $4 billion of revenue, okay? That's not profits, that's revenue. And you're valuing the company at 88 billion dollars. If you bought that company in its entirety, you would need to, for every single dollar that you take in, okay? For the next 22 years, you would need to pay yourself back that in profit to make yourself back the 88 billion dollars that you had made. So 22 times sales for a growth company, that happens, folks. But just keep in mind the valuations that are necessary. I mean, to put that in context, okay? If you have a company that has a million dollars in revenue, still a big company that has a million dollars in revenue, okay? But if you have a company, there's a lot of small businesses, folks, that do a million dollars in revenue. You add up all the expenses you have. You add up the employees, the payrolls that you have when you're doing a million dollars in revenue. Maybe you're making money, maybe you're not, right? Maybe you're not in a big way, for sure. Let's just say you're making some money. You have a million dollars in sales. That would value that company at 22 million dollars, 22 times sales, a lot of small businesses, folks. They're not growth companies, okay? So I'm putting it in context, because I like Zoom. Zoom is a buy here, period. That's what I would say, okay? We bought it in my newsletter at times as well. It's a buy here. That's what I would say. Put your stop in, for sure, all right? But I'm giving you the context of what you're dealing with because a lot of small businesses with a million dollars in revenue would kill to sell that business for 22 million dollars. Because they're probably making 100 grand, 200 grand, 300 grand. You're making 300 grand on a million dollars. You've got 30% margins. If you're making 300 grand a year as a business owner, would you probably sell that business for 22 million dollars? Of course you would, unless you're a growth company, right? Unless you're a company that's gonna be like Zoom in the future and you say, no way am I selling that company because it'll be worth more. But it's important to keep those things in context with these types of valuations to be aware of the types of pullbacks you can see even in profitable growth companies because you're just not growing as fast as they want you to which is where that multiple comes in when you're trading at an $88 billion market capitalization for a company taken in for five billion. Now, I walked you through Zoom, maybe unfortunate because I love Zoom in this company but I'm just walking you through it so you understand because you might wake up this morning and say, how does that thing pull back 60 bucks when they had taken in $4 billion a year which is pretty much what the market thought. Well, the market's thinking a lot right now and it's capitulating to the tune of almost 17% to the downside on Zoom. All the markets, now this is putting a hurt in on it as well, look at that drop off we just got in the Nasdaq 100. You're down about a 30% right now. You're talking about 130 points from the high we had overnight. Dow negative by 20 points as well, S&P negative by five and look at that reversal we got Russell catching a bit. So a little bit of a reversal of the action we got yesterday. Yesterday at the Russell spike and lower as you had the tech stocks trade higher on the open reversal today you got the Nasdaq trading lower and we got the Russell the only index in positive territory right now up by three points. Crude 6875, let's check back in on gold. Gold a little bit of a reversal from 1804 when we were just talking about it we're back to 1814 right now on the price of gold. Notes and bonds, pretty much hanging tough. 133.16 right now. All right, let's continue to jump down what we got going on. Robinhood, so this one's an interesting one. Let's see how Robinhood is trading. I would be very, very skeptical of Robinhood folks. I would not, Robinhood is not in my opinion a buy. Zoom down 16%, 17%, I'll call it a buy. Put your stop in folks though on that equity I just walked you through. You're trading a company like that that's got multiples like that and Zoom's a great company. I love being in companies that are growth companies with earnings, right? They're making money. They're not gonna have to come to the public for money. They're making money, they're growing rapidly. They've changed the way we do video conferencing which is remarkable to do with the competition they have. Robinhood though. I don't know if Robinhood needs to be around in the future. I imagine Zoom is gonna be around in the future. Robinhood, I'm not so sure because you got the SEC chief out there saying that he's gonna look into potentially that it's on the table to ban payment for order flow. I think they should folks all right. The argument against that is that liquidity, okay? That payment for order flow allows for liquidity by also allowing for fair markets.  That's not how it's supposed to be folks. It's not how it's supposed to be at all. You're not supposed to get free trades that might not be the best execution or you're supposed to pay for trades to get you the best execution. There should be complete clarity in that market. There's no reason why they're not. Wall Street's making a killing off this. Robinhood is as well, but if they can't sell that you might see a reversion completely and I think it should folks, because novice investors are the ones getting hurt here thinking it's free when realistically the bid ask that they're coming in. It's really penny sometimes, but it's hidden. It's hidden and it's not fair to all involved just but to bring it back to Robinhood, man. And then you have that story. So that could demise their whole business, number one, okay? And then which I think should happen. So that's not a far off goal of saying that you shouldn't be selling orders to brokers to process them for the highest bidder because obviously that's not a fair market. The other side of that we'll talk about is you got PayPal that's gonna start a brokerage when they already have crypto traded. Well, Robinhood does not want a competitor to the tune of crypto trading. PayPal quite an acceleration yesterday and flat today right now. Stay tuned folks, come right back. We'll continue that conversation. Are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. 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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. 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. Continuing to jump through the action that we have going on today right now, we'll jump to some of the retailers we got designer brands, footwear retailer, known as DSW formally. Some big numbers here, but wait till you see what's happening on the open. We got earnings, 56 cents a share compared to 24, revenue well above forecast, comp store sales. Now this is an off comp. I wish they'd give it us in this paragraph for the 2019 comp. Comp store sales, 84.9%. Mark was only looking for 62.2%. It shares surged 7.5% in the pre-market but then the market opened and investors said not so fast and we're down 5% on that number. Now I was trying to get into what is dragging this equity down and there's nothing too substantial here. I mean, you look at the numbers that they had. Now there is something for sure. Not too familiar with the stock but here's some of the headline numbers there. So earnings, 56 versus 24. You get into the company, said quarterly sales, $817 million. They were only looking for 751. That's 60, what's that? $66 million, $67 million more than they were looking for on 751. Strong numbers but not quite living up to what the market thought pre-market as you trade lower for DBI. Chico, CHS out with their numbers as well. And again, not too bad in terms of the numbers they're dealing with here. Sales, 472 million. The market was looking for 407. You get into earnings for the full year fiscal. Chico said it now expects sales to grow at the range of 32 to 35% up from the prior guidance, 28 to 34. The market really holding these retail stocks top here down 12% right now for Chico's on their numbers. Continuing down the line, Uber. Russian technology company Yandex announced a deal to buy out Uber's interest in several food delivery and ride healing joint ventures for a billion dollars. Uber little unchanged in that. Uber interesting, they sold off Diddy, their stake in Diddy in terms of what they had going on now. Uber is up about 1.2%. Maybe the market like and that is they're divesting. I mean, one of the things that has weighed on Uber dramatically here over the last year. You look at this thing for a three year weekly. You run from the COVID, those are $13. You really take off when we get vaccine efficacy numbers you take off from about 34 to 64. We're back to a full 50% of that move. Now I'm gonna compare this to Lyft because Uber is having trouble worldwide. They got a lot more in terms of what they're dealing with with the Delta variant, et cetera. You take a look at Lyft as considered not quite the pullback still off of the high we had a 67 to 47 but not quite two completely different companies. One reason I like Uber much more than I do Lyft in the long-term, okay? And longer term potentially because Lyft lifts in a North American company. They're gonna be able to rebound quicker. They don't have as many goals overseas and they're not gonna have to sink capital into there before you start achieving profits. But Uber eats is the number one, number two player, number two player probably to DoorDash and Lyft has none of that going on. That's in our habits have changed dramatically folks in a big way going forward and there's DoorDash. You trade from 110 in May to 195, right? Let's look at that. I mean, it's almost doubled in price in May at the time when Uber since May, there's your May action about 51 to 40 but they are gonna appreciate on that side of the business folks. They just got maybe some capital that they have to plow into that could take a little time. That's the flip side of that. Tech stocks in the red by about 47. Let's continue and jump down the line square. Plants to offer a new paid version of its invoicing software. Invoices plus, these tech, the FinTech companies the new services will offer some advanced features and been tested over the last year shared with some of the sellers and seen by TechCrunch. So we just talked about this will bring us back to it square, you're up about a 10th of a percent we're climbing right near the all time highs we had. You see this area on square, we're talking about 275 ish an area that we've accelerated to whether it was back in February also got up there at April back up to that area yet again. Now we jump back to PayPal. PayPal up another quarter percent. That's your weekly putting it on the daily. You see the pop it had yesterday from 279 to 290. So you're up a solid three and a third percent about just yesterday all time highs of 310. If you see Robin Hood getting a competitor on the block man in terms of number one, you have the dramatic risk that they're basically entire business plan could be squashed by the SEC payment for order flow folks. We should want free access to capital markets for all. And when you have it that you have people who have money they can maybe pay commissions for better executions. It's a tough one because then you go to the small-term investors they're buying slices of shares, right? They're buying one share at a time 10 shares at a time but in the long term I don't think payment for order flow paying companies to take orders is good for the investor in the long run. And that's a risk that you're taking in Robin Hood. Now you want to talk about valuations folks. Robin Hood, $37 billion they are valued at. They get some big revenue they get some big earnings but a lot of those earnings coming from Dogecoin and crypto. While you're gonna have PayPal which a lot of people already use. Okay, offering brokerage services and they already offer crypto. It's a huge competitor right out of the gate PayPal something a lot of people already use. They'll be in there and I imagine they're not the last one that's to what to keep your eye on. I mean Robin Hood right now not that they have a monopoly they have a pretty decent presence we'll call it. I want to say pretty decent monopoly as in on crypto trading. On Dogecoin trading it's just unparalleled almost the type of money that they're taking in especially when you talk about regulated US companies you can trust your money withholding. That's not gonna be the case and they're gonna have some stiff competition and if they start getting stiff competition when it comes to crypto trading revenue when it comes to option trading revenue which they already have and then you're gonna have the variable out there and the risk that you have to take that somehow the SEC might come out that saying payment for Rotoflow is not allowed anymore. I don't like holding those types of equities when you could wake up tomorrow and see news that could just drive their business basically out of business overnight on that equity. All right, Moderna. Yeah, so it comes out and this is the science is so always evolving because we're dealing with an ever changing dynamic. Moderna's COVID-19 vaccine produced more than twice the number of antibodies as the Pfizer-BioNTech vaccine according to a study published Journal of American Medical Association Moderna shares have been under pressure following the suspension of 1.63 million doses in Japan. Yeah, there was contamination not what you'd like to see at all. Obviously, how bring in forcing some of those fears unfortunately out there of the vaccine, Moderna up 2%. Now, it's interesting to see that that's quite a news flash, right? So wow, I was fortunate to get the vaccine took the Pfizer vaccine, no regrets there at all. They're talking about antibodies, bottom line is it shows no matter what they talk about and yes, the vaccine still does reduce transmission rates folks but breakthrough cases do occur especially with the Delta variant but when you look at hospitalizations the vaccines are so effective on that level and man, I tell you in Florida folks we got a big problem going on with our hospitals right now filling up, hopefully we're coming over the hump right now but point being very little unchanged for quite a decisive story out there Moderna up 2.8% you see Pfizer shares basically flat on that news as the market say listen, this is evolving they're both great vaccines and I imagine that that's not gonna really affect which one's is coming out in terms of availability across the board and we'll finish up with nettees they had their numbers as well earnings for the latest quarter China based online gaming company China based watch out folks they were down 3.4% on Monday they had new restrictions online gaming and they're up 2.1, NT, where am I? They're on me, NTES, yeah. Yeah, be careful of these stocks folks you're up 4.8% right now off of yesterday gains as well but you're only back to Friday trading stay tuned folks we'll be right back to finish up the show sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors markets can rise and fall like the tides subscribe to Basil Chapman's newsletter the opening call and you too can ride the wave Basil Chapman is an authority in technical analysis his Chapman wave trading system has been helping traders identify trends and capitalize on momentum in the markets since 1984 TFNN invites you to test Basil's proprietary Chapman wave trading methodology with a monthly subscription to the opening call newsletter for only $149 your subscription to the opening call comes with a 30 day money back guarantee as well as daily market updates on key indexes stocks and commodities ride the wave sign up for the opening call risk-free today introducing Primal Edge today it's even more important to take a supplement to complement your health Primal Edge is specifically formulated to boost your immune system and help with weight loss, better sleep stress reduction and the need to detox our early ancestors found all their nutritional requirements in the wild environment but today our food sources don't contain the vitamins, minerals and nutrients that we need to stay healthy and strong that's why we need Primal Edge daily nutrition it includes a special blend of ionic, soil-based vitamins, minerals, fatty and amino acids in an easy to use liquid form Primal Edge is powered by highly concentrated humic and fulvic acids nature's preferred delivery system they've been called miracle molecules because like sunlight, air and water without them life cannot exist that's right Ellen they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning Primal Edge, just $89 exclusively at TFNN.com This segment is brought to you by Think or Swim for more information just click the Think or Swim banner on the front page of TFNN.com Welcome back folks we've got markets in negative territory S&Ps down about 10 points we're talking about session lows approximately back to really where we were yesterday's action you were trading at 4510 right near the open yesterday we're trading at 4515 you've given up about 25 points just 27 points to be exact from the highs we had overnight tech stocks in the red as well we started yesterday the NASDAQ 100 though you're talking about 100 points still above where we're at you compared the Dow from where we're at yesterday actual below those levels Dow was hanging at 35,350 in terms of yesterday's lows and the Russell down about 10 points also below yesterday's lows Russell had quite the pop on Friday man you ever make to the lows of that we're talking about 2217 Friday morning all right jumping around to what else stories that caught my eye this morning interesting South Korea passing a bill to limit Apple and Google control over the app store payments this one's been a hot topic and you have so South Korean parliament approved a bill Tuesday that's going to ban major app store operators like Google and Apple from requiring developers to use only their payment system to process the sale of digital products and services now I don't imagine that's going to hit these companies dramatically this morning Apple is down about eight tenths percent but we got the stocks pulling back as well you got Google shares down marginally with the market a quarter percent as well look at that run Apple had yesterday my goodness up to 153 is that an all-time high that we got it sure is right yeah it makes sense Nasdaq finishing at all-time highs Apple hit 153.70 overnight we're back a bit to 151.91 but something to keep your eye on in terms of that kind of catching some fire and accelerating to a variety of countries they catch a lot of heat over here being maybe anti-competitive taking 30 percent of every transaction and man it is so much money when you think about it folks right 30 percent of every transaction right off the bat you got to be able to handle 30 percent margins to pay Apple just to sell your app within their store which basically that's where everybody sells apps right so I don't know how that one plays out in the future but South Korea passing a bill interesting to see if that shakes out around Europe or even in the US something similar alright folks thanks so much for tuning in starting your day with me stay tuned we're going to man Basel Chapman he's up next with the Tiger Technician Tower fast market at 11 you heard Kevin Hinks they're going to be talking a little crowd strike out there with their earnings after the bell tonight we got our man Larry Pezzavento at noon Steve Rhodes at one Dave White at two and Tom O'Brien my dad live to wrap it up from three to four thanks so much folks have a great Tuesday stay tuned Basel Chapman he is up live right now be right back


We're back. This is DinkTech. I'm Jay Fidel. Today, this is Keeping the World Company, and we're going to talk about golf. A full disclosure, I did play golf in 1953 with my father in Jacob Rees Park in Brooklyn, and that was pretty much the last time, so I'm not terribly familiar. But Keeping the World Company is all about reaching out to see what's happening in the world, and how that connects with and might affect the US. It's the story of a flat world, an interdependent world, a world where everything is connected, and that's our story today. It's about the PGA deal. For this discussion, we have my co-host, Jim Epichella, Vicky Kaitano, our esteemed guest, and Stephanie Stoltz-Alton, our regular contributor here at Keeping the World Company. Welcome to the show, all you guys. Morning. All right, let's begin with you, Tim. Why is this deal, okay, with the Saudis and the PGA important to America? Well, I think there's a principle involved here. It's why the United States and many Americans have issues with dealing with China. There's human right abuses, and what is on the main radar screen with Saudi Arabia purchasing the PGA is, there's never been a full accounting of Saudi Arabia's involvement with the 9-11 attack. And most recently, the murder of Kosoji, the journalist for the Washington Post in Turkey, at the embassy in Turkey. This was a horrific murder, and all signs pointed right to Saudi Arabia and the royal family there, the prince. So I think people have issues with that, and they made a stand. They made a stand a year ago, and it was quite explicit stand, and that is there was no interest in becoming part of the LIV because of these past actions of Saudi Arabia. Looks like Saudi Arabia is trying to buy its way into the hearts and minds of Americans through sports. And believe me, sports is a big part of our culture here in the United States, and what better way to extend yourself on a public relations basis than through sports. Yeah, well, it may go beyond public relations, too. It may go to geopolitics as well.  Can you give us at least a broad outline of what is happening with the PGA? Well, you know, Jay, there's that saying, right? Follow the money. And this is all for the PGA and the individuals at the top of that leaderboard. It's all about the money, but it's going too far. And I think for the Saudis, they're very clever and crafty in seeing this as an opportunity, as Tim said, to win the hearts and the minds of Americans through sports. So for them, it's not just about the money. They have plenty of money to throw around, but they've got an agenda here. And I think it's extremely dangerous. And I, for one, believe that this is something that our government, our federal government and the president should really look more closely into and reconsider blocking the PGA being able to do this. So PGA right now is a nonprofit with appropriate determination letter from the Internal Revenue Service. I guess it's a public nonprofit. And it is strange to hear the term merger thrown around because, you know, you really, and this is stretched to have a nonprofit either required or merged in a conventional merger with another golf organization. It sounds to me like the Internal Revenue Service would and should have a certain interest in what is going on. But beyond that, you know, how can Congress, for example, block this deal? This is a deal between other entities that may not have any congressional jurisdiction. What do you think? Yeah, I think that's a very good question. And I think that sometimes when we look at the way government is run today, it's based on things that we never could foresee decades ago. So I think this is where it's so important to have the leadership to recognize that new events, new situations require us as a country to reassess what we can and cannot do. But I for one think that, you know, we need to recognize the danger in this so-called marriage. And to me, it's not a marriage. I think the Saudis intend to fully dominate this organization. And I think it's very dangerous for our country. Yes. I'm not sure a lot of people recognize that, but it really is. But we'll come back to explore that further. Stephanie, you know, one thing that is troublesome here is that we are getting, we're getting this kind of news that isn't really news. If you watch the news, you go on YouTube and try to get to the bottom of what's going on. It sounds like a golf commentator. They don't talk in business terms. They don't give you the details. They don't tell you who had the power. They don't tell you how it came about. Do you think we're getting enough information aside from a shot-by-shot examination of the golf game here? Oh, that's such a good question. I think that this is where in our country today, we have to get smart about this because there isn't enough information you're right onto something important. And if you want more of the details and see the complexities and the whitewashing of it, you have to read these long, long articles. I mean, for instance, you know, you say that, yes, the PGA is non-profit, but it's a 501C6, which is a tax-exempt organization.  And so on top of the other issues that Vicki has mentioned, we've got some of this camouflage going on. Because PGA will be appointing, evidently, those people will be appointing the majority of the board. But anyway, in order to get into understanding any way in which it works, you really have to plow through and into these wonderful articles. I mean, I'm very glad to have them, but for the ordinary citizen to really get a sense of the complexities in the business dealings, and as Vicki says, the positive and the other side of it because the first message in what I read is that this is a new era in golf and it's gonna be expanding the communities of the world so that they can relate to one another. So, like she said, it's supposed to have this, you know, white, you know, very friendly approach to let's be nice, nice to everybody and have international peace when other things are going on. So, Tim, DARREN CUSHNER in the waning days of the Trump administration made some sort of investment arrangement with the Saudis for billions. I don't know why they don't make a contribution to think back, by the way. I hope they would consider that. But, you know, is there a relationship here? I mean, is there a common denominator between the billions that the Saudis spent on him and the billions that the Saudis are spending on the PGA deal? I don't know. Oh, I know that Donald Trump is heavily involved with golf and it's not out of the possibilities that Kushner was on a mission to solicit the Saudis involvement with the United States and the PGA. That's a great question. I just, I don't know enough about what Jared Kushner's doing behind closed doors in Saudi Arabia. I'd venture to guess it's up to no good, but that's about as the extent I can go there. I will say that, you know, this was, this was a slick willy maneuver here. The board, there's a board. It's the player tour policy board. And of that board, there's many golfers that are involved or sit on that board. Not one of them knew that this was gonna take place. Tom Watson wrote a letter to the PGA and was very explicit in his disappointment with basically keeping everyone out in the dark about this maneuver. And I guess the way I feel about it, if you're a professional golfer, you're torn now between trying to support those families of the 9-11. You're trying to support those people that felt there was a horrible thing to do and the murder of Khashoggi. And on the other hand, this is your livelihood. So you're in a no-man's land of how are you gonna earn a living as a golfer and you're stuck with the PGA, which is now owned by the Saudis. Yeah, and they got plans.  And the chairman of that board is a Saudi. So query how much influence are the players gonna have? How much influence are the American management from before are gonna have? Vicky, you mentioned about the dangers of the deal. One thing comes to mind is that, this is all being run by MBS, Mohammed Ben Dhamman, who has just demonstrated that he's a real mean guy. He was probably responsible for Khashoggi. He's a friend of Putin. He's got, but he's got hundreds of years of oil left, and that is a lever that he plays around the world, including with the United States, including with Bush right after 9-11. And I guess the question I put to you is you said it was dangerous and we all have a sense of danger in dealing with the Saudis because of the nature of this man and its geopolitical position, not only in the Middle East, but around the world because he's been doing outreach for a while. This is part of his outreach. What's the dangers? Can you articulate some of the dangers that you see? So, you know, Jay, and after this, I do have a question for you about the whole transaction, but one of the things for me is looking at our country, as a country in whole, one of the concerns I have is in the name of business and money, we've started to compromise a lot of our values. I mean, because we can get cheap goods, for example, from China. I mean, if you've ever bought something 30 years ago and compared to what you can buy an appliance, a TV, or even a dress for, everything is made in China, we pretty much sold our soul to them. And now you're seeing this, you know, golf is so part of many for much of America. This is what we do, and it should be in the many communities, not just for the elite. And now you've got the Saudis going to be dictating this. How far does it go to benefit a few individuals? We are convinced that it's actually good for the majority. You know, where's our principles anymore as a country? We just seem to be selling out left and right to the highest bidder. And that really concerns me. And the silent majority doesn't seem to see this or is making much out of it. Thanks to at least media and folks like you, it's being brought to our attention. But for many of the silent majority, they just don't seem to understand how this is permeating our community. Yeah, I agree. So what are the chances that Congress will do something? Let's assume that, you know, traditional jurisdiction or not, Congress decides this is worthy of an effort to block the deal. Such as they could do, for example, with AI. They could try that too. But the political calculus is different here because, you know, Trump may be involved because the Saudis have a formidable lobbying ability with money. They can buy off, just buy off a few Republicans and they stop any effort to stop the deal. Do you think it's a reasonable chance or any chance that Congress will, in fact, investigate and stop the deal? It really depends on the will of the people who believe whether they should support this. And as you say, money buys a ticket to many of our, many of the people now in the political arena, unfortunately, or whether they believe that it's wrong. You know, I don't believe for one minute that the United States government can't find a way to at least stall this transaction while they look into it. I'll give you one example. You had mentioned this is a merger. So does it mean that the current PGA organization will stay intact? And if so, as a 501C6, could there be an opportunity to look at their whole tax situation? Do they really qualify? I mean, an investigation like that would take years and could be an opportunity, a tool to use in order to stall the deal. It really depends on the political will of the people who do have the ability to do something about this. And that's the unfortunate thing, though. Do they have that will, or have they also been bought out? Well, that's the question before the House. You said you had a question for me or us. What was that? Well, that was a question I wanted to ask you. Under this transaction, is a PGA staying intact or are they basically going to dissolve and be under this new organization now? I would say that's in flux. And I would say that the use of the term merger has evaporated, they're not calling it a merger anymore. Probably well advised. And I think the MBS has not really fixed on exactly how he wants to handle this or how long he wants it to last. I mean, one issue that came up, I don't know if you remember this, Stephanie, in the article was, they say this is gonna last a year or two. What happens then? The fact is that PGA, it's PGA tour, technically, was losing money, that's what they said anyway. I find it hard to believe that PGA tour was losing money. There's so many golfers who pay so much money to play golf. And most of them are well-heeled anyway, at least the ones who play professionally. Anyway, if they are losing money, and what is it, LIV, Tim? LIV is a successor. LIV is gonna somehow bail them out. It's really MBS, it's gonna bail them out. Can I jump in for a minute? Yeah. Losing money, the PGA is worth $1.5 billion and they enjoy the luxury of tax exemption. Losing money? Exactly, exactly.  And if LIV is a successor and LIV is good for a year or two, what we can find is a kind of shell game here, where the PGA disappears or disappears into LIV or some other organization that he puts together. And America no longer has control of American competitive golf, period. That they fund it and take it. That's called outreach. Stephanie, you had anything on that? I just know that they're saying that the PGA is running the show at this point, in the administration and they're gonna appoint the most of the members of the board of the new commercial entity. And then it goes on for paragraphs about what the new commercial entity is gonna do and it involves the same players. I mean, yes, Jay Monhand, but then also lots of Saudi names. So it just looks like it's piling on to take control of this whole franchise.  And I certainly think that the Congress is probably not going to do anything about this given their agenda. It doesn't have room for taking something like this on, but certainly, as Vicki says in your question, this needs a look at. This is just a complete ball of wax that they've made for. It goes to the part we talked about earlier, whether we really know what's going on. For example, the initial selection for LIV, which stands for 54, you mentioned, Tim, 54 is what you get in a perfect game of golf. Is that what it is, 54? Well, LIV is the Roman numeral for 54. And if you look at 18 holes and you calculate each hole as a birdie, which is one under par, you would have the number of 54. World politics. I'm sorry, Vicki. No, that's an interesting anecdote for our listeners. Yeah. I didn't know that. You know, Jay, I just like to jump in with one thing as you know, Stephanie mentioned, and that's the image that's trying to be portrayed is that the PGA is in charge of all this. Well, I've been through a few mergers in my life and it always comes down to the revised golden rule. And that is whoever he or she has the gold makes the rules. Oh, Tim. Yeah, that's really good, Tim, yeah. You know, and I don't think this is any different. And you know, if you listen to the Saudis though, here's their argument for this merger. Well, not a merger, whatever you wanna call it. We're diversifying our oil revenues into other areas. We don't wanna be oil-centric in our revenues. That's their argument. Hogwarts. Does anybody here in this room believe that? I just said Hogwarts, so not me. Not me. And what about the people that play golf? I mean, as Vicki and Tim have pointed out, a minority of people are involved in golf. And as I've understood from friends who do play golf, is the golf courses are shrinking. Because they're not used and the fees are so high. And so there's been a movement, I mean, maybe like from tennis to pickleball, but then nine, 18 whole golf courses are shrinking down to being smaller sizes. So how is this reflecting the state of the sport and interest in it? I mean, that's just at the... No, that's a very good point. And I remember when Frank Fosse was mayor, he wanted to have a hundred million dollar bonus paid to the city for anyone who came and developed a golf course in Oahu. I thought that was very interesting. He never got anybody to pay that money. But you tried that today, lots of luck. Because golf is not what it used to be. And it's never land use. Stephanie, you pointed out something really important. That is, I remember 60 minutes doing this exact segment that you just brought up. And guess what? The millennials and Gen Z, they're not playing golf all that much. They're not seeing the value of the sport. And so a lot of golf greens and fairways are going unintended. And that's a dilemma for all those housing communities that paid big dollars to live on a fairway. And now it's brown and weeds are popping up. Exactly, and can't sell the property because of the backup to that. Land use has changed, especially around cities where you have people who are affluent enough. So Vicki, I mean, to me, this is really interesting stuff because we have agreed there's some sinister plan here. I hate to put it that way, but I think that's the way it is. Why is he doing this? It's not to bail out the PGA. He doesn't care about that. Is it perhaps to make money? Not likely. But what is it though? There's gotta be some larger geopolitical agenda, don't you think? Yes, and I'll tell you, they're so clever. I am sure that they're not looking at golf the way we see it today. Because like you said, is there really a financial gain in this? If you look at it, but knowing how resourceful they are, I mean, they've had to be to survive in the location they've been at, right? They're probably thinking of ways to reinvent the sport and in the process create a different image to the American public. It is an entry for them into communities, to families, to schools, through this sport in a reinvented way. So it's a friendly way for them to introduce themselves and to really gain a different, how shall I say, image to recreate their image to the American people? That's what I think. There is definitely an agenda here. And as you say, if it's not where they can make a ton of money given how golf, as we see it today, how it's going, they're going to reinvent that sport and do it in a way that gives them an entry into American communities. You know, for America, sport is a kind of soma out of brave new world. It's the opiate of the masses. It exists also in Europe. You know, when you see those soccer games, you know, Europe could be falling apart and yet there's 100,000 people at a soccer game cheering and getting all excited. That's the same thing with football here, isn't it? If you go into these big stadiums into which investors have invested, you know, many, many millions to build them and operate them and teams trade or yachts of money and players trade for lots of money, it's soma. And so if you went through the 100,000 people in some stadium or the 100,000 people who are watching golf at any moment in time and asked them, well, what happened today with Trump? What happened today in Congress? What happened today with the Supreme Court? They wouldn't know. They're interested in the sport. And I think sports are the opiate of the masses in the US. Makes a lot of money, attracts a lot of people and generally distracts us from the reality of our society. Stephanie, you know, what do you think? I mean, there seems to be a corrosive quality to having a foreign country by the opiate of the American masses. That's such a part of the comments that have suggested this whitewashing and this camouflaging and my complete consternation and confusion about why we're having anything to do with the Khashoggi murderer. Out of the sanctions that we've put up, if any, Saudi Arabia, now we're inviting him as Avicky says into our TV screens, our homes and into our athletic arena. I mean, the 9-11 family seem to have the only backbone here, the only step statements to make. I mean, they're holding out on stepping up against this and hopefully it'll get more attention. And there has been feedback and it might be that it's gonna have enough crescendo to get somebody's attention. If that would be the Congresses or anything to stop this, this whitewashing of this man who's evil and killed one of our Washington Post reporters, I mean- Well, Tim, would you feel differently if MBS had done the same kind of acquisition deal, control deal about the National Football League or about the National Basketball Association? Is there a difference? Not a great difference actually, except for the dollars involved. NFL is huge, the NBA is huge. So no, I don't think I'd feel that much differently, but I do wanna agree with you on one point and that is our sports have become the great distraction and it's escapism at best, unlike the Roman Coliseum days. But I will take exception to your comment is this, sports is the great common denominator where we could be a society that have different races and religions and politics.  And you are one team and one spirit during that game. And I think that's a healthy thing for our country. I think sports bring people together. It's a healthy endeavor. But it's not connected with voting or politics. Well, actually it is. It's a public policy. I would argue that Donald Trump is that sports team and there's 33 to 35% of this country that's on Team Trump. And right or wrong, if there's a bad call in the field, who cares? We still won the game or we're still ahead. So regardless of the law, Team Trump says, eh, who cares? Donald Trump's our team. Let's a record reflect there was silence after Tim's remark. Well, I just wanted to jump in. So the power of the influence of that participation in joint activity and just as Tim says. After COVID, it's a good thing that people get together. I would imagine that. And everybody's the same. And the powerful influence everybody has on one another can get to the voting spot. Vicki, do you think this will happen again? I mean, if assuming it goes through, assuming there's no real pushback, assuming that the Saudis and MBS who are voting assuming that the Saudis and MBS who are the pathological individual can control our gulf. What about other sports? Will other countries, will China, for example, try to do this? I wouldn't say Russia is a good bet right now, but will somebody try to do this with another team organization? Sure, I was just gonna say that where does it end? And while I'm a big sports fan, the point is there needs to be balance. And unfortunately too many of our people in this country now don't even know the names of their representatives in Congress or in the Senate, but they know who is their quarterback. So bring a balance. We need to have an informed public if we're going to continue to be a successful and strong democracy. This is why we are failing. It's so important for the people to recognize this. And I do hope there's a way to at least stall this until we get more details about this transaction because everything I've seen so far is just a marketing blurb, you know? And I think people are being blindsided if they don't want to see it or can't see that. And at the heart of the matter is we can't sell our souls just for the almighty dollar. That is just not right. Yeah. I want to touch on one thing you said a little while ago and that is the media when we said it, I guess. So if I'm running the PGA from running a national sport, international sport that I'm on the media a lot. And presumably I'm paying for advertising. We know, we have friends who work for say the PGA organization and they are involved in economic experience and they're well-paid. And so the media, through the media and the media has a benefit out of that. And what you said earlier really touches me in the sense that if I'm running the PGA and I'm all over the media and I'm paying for advertising, then I have a certain control over the media, don't I? And I can tell the media I'm gonna take channel one for as long as it's friendly to my point of view. But I'm not gonna take channel two because it's not friendly to my political point of view. It's kind of like Fox News. You have a bubble and the bubble is not limited to playing golf. The bubble is what this organization wants the media to do and it can manipulate the media that way. Am I being paranoid? No, you're not, but I would like to believe that it doesn't have to be an all either or all. There's a balance to everything.  I mean, what are we then if we're willing to do that? To prostitute ourselves, you know? Really, where is the end to this? So it's very dangerous. I hope people understand it's all about balance. And there are times we absolutely have to intervene in situations like this with the PGA. And I hope our leaders have the courage and the conscience and the will to do it. Okay, we're almost out of time. So I wanna ask you for final comments. Tim, your final comments and especially, whether this is another inflection point of a sort. It is sort of. Mike, the term that is used in Stephanie, you almost hit a spot on. You said whitewashing. It's called sports washing. And that is you spend incredible amounts of dollars and money, look at the amount of money that China spent, Qatar spent to put on a show. Basically it's a public relations show to ingratiate themselves to the world while they're trying to cover up their human rights violations.  Jesse Owens ruined it for Adolf Hitler. But that was nothing to show the world that we're really part of the human community and we value things as the rest of the world do. And they use an Olympics to do that. And this is the beginning. And I would say you should expect more. Wow, that is profound. I'm so glad you mentioned that. Stephanie, what are your final thoughts you'd like to leave with our viewers? Yeah, I would just like to remind everybody there are some dots that can connect and they are, for example, the first official visit by Trump as president was to Saudi Arabia. And then we had the visits of Jared in order to accomplish his goals there and working with the Khashoggi incident. And then Jared's back and working on the billions that he got. And then he's back working on other arrangements with them. And then remember too that the last visit of Jared Kushner, a senior executive of the president, was to Saudi Arabia. And so Trump was in and out of there with the heaven knows what kind of promises were made to help get this Saudi relationship back where it knew. Yeah, we never knew, did we? Yeah. And many more dots, I'm sure. I'm probably not even scratching the surface, but. No. Well, they've been keeping us out. We don't know the nature of the deal. But Vicky, you know, it strikes me, this is all a backdoor to something else as we have discussed. What are your final thoughts and comments to our viewers about this? No, I would just say amen to both Stephanie and Tim's comments. I agree wholeheartedly. I hope that our viewers and others will take the time to spend, to listen and to learn of these issues because it may not seem important to you on the surface. But let me tell you, it is impacting our country and our lives and we are seeing this.  Yeah, we can't be a nation of cows. Okay, I'm not going back to Jacob Reese Park for now. I have no intention of playing golf again until this all settles down. And I would like our Congress to understand the nuances of the deal and I hope they will. Thank you, Vicky Caetano. Thank you, Stephanie Stoltz-Alton. Thank you, Tim Eppichella. Aloha. Thank you so much for watching Think Tech Hawaii. If you like what we do, please click the like and subscribe button on YouTube. You can also follow us on Facebook, Instagram and LinkedIn. Check out our website, thinktechhawaii.com. Mahalo.


The Office for Victims of Crime is committed to enhancing the nation's capacity to assist crime victims and to providing leadership in changing attitudes, policies, and practices to promote justice and healing for all victims of crime. Points of view expressed in this video do not represent the official position of the United States Department of Justice. In an unprecedented action, John Gillis, the director of the Office for Victims of Crime, traveled around the United States to meet with crime victims first hand to discuss their experiences with the criminal justice system. A series of roundtable meetings were held in nine states, with 30 states represented and over 300 participants. After careful analysis of the informative and heartfelt opinions expressed, there were certain areas of consistency that emerged. The issues focused on both the problems that exist in the criminal justice system and the needed remedies from the perspective of crime victims. This program series captures and reflects some of the key findings of the roundtable discussions. The series includes a total of five thematic videos on topics ranging from the financial impact of crime on victims, to victim notification and basic case information. The opinions expressed are emblematic of many of the participants and is a way in which the Office for Victims of Crime has given a voice to victims. So the one way that I feel that we need to find out how we help you is by going out and meeting with people outside the Beltway, going out and talking with crime victims, meeting the individuals at the grassroots level who are doing the work and who are doing it for the right reasons, not because they're being paid but because they care about what they're doing. So I want to use this as an opportunity to find out from you how we can best help you at the grassroots level, how we can best do some of the things that will help you get through the tragedies that you've all suffered. When my wife and I experienced our tragedy, it happened so suddenly with the phone call and that was the basic response that most of the friends in San Antonio who are surviving victims and who are perpetual victims have apparently since is that the shocking experience that they have initially is mummifying, so to speak.  So therefore their basic rationale as a normal human being no longer exists. Finally I got through the Waterbury Police Department and it took me several transfers to I got to Chief of Detectives who said to me, your daughter's been murdered just like that.  So that was our first encounter with the criminal justice system. Come to the house and found a note on the door. Now the note suggested that I call the police and it gave me a number and it did say regarding my daughter, well when I and so I thought maybe she had done something and the police had picked her up and maybe she needed someone to come down to the police station and pick her up. But in fact when I called the number that the police had given me I actually got the morgue. In terms of notification of my daughter's death she was murdered in a city over 100 miles from where I lived and they did not call me on the phone and tell me they called the Madison Police Department and sent an officer to tell me and I will be forever grateful for that. It was a Saturday morning I answered the phone I was holding my 11 month old granddaughter and a voice said are you the mother of Bill Austin and I said yes and he said he's been shot and I said my god where is he my first instinct was I was running to a hospital and the voice said oh he's in the morgue and so that was my first experience and I'll carry that to my grave but we really really need to train policemen on how to notify and if they can't they need to take a professional with them that can. Opportunity to teach for four units for one year police officers about notifying victims survivors and it was very interesting because they don't know how to do it they are afraid of our tears and they really needed to be educated they had funding for one year four sessions and higher up than the bottom said no that is something that is not needed the survivors just have to be told any way they could get the information in our area a lot of the information is given over the television before you've been notified even by a phone call. When we call my daughter called to find out what was going on in our case in the beginning they had held a preliminary hearing in our case and they did not notify us as the family because they said they didn't think we would be interested. My husband was murdered and they playboy and I never did when you throw it into the justice system don't know nothing you said now they talked in Dutch to you. The man that murdered our daughter was declared not guilty by recent insanity he was initially judged incompetent to stand trial and then he was judged to be not guilty by recent insanity we were not advised of any of these proceedings we didn't have anything explained to us we called the prosecutor's office one week and we were told oh last week we accepted the insanity please all over he'll be in a mental institution the rest of his life we had been calling the prosecutor's office regularly and we have this documented and at no time did they volunteer anything to us well we were upset about not being included but felt pretty good while he's going to be in a mental institution the rest of his life about six months later we called our prosecutor's office and we said we'd like to know what's going on oh let us check oh there's going to be a hearing a day after tomorrow for him to be released in the community would you like to be attended we weren't notified of any proceedings in our case at all the night of the death notification of our son we of course were in shock so we didn't know what questions to ask but we did ask where is she will she be arrested what for what happens next I don't think he told us that there would be a early first appearance with the judge because the next morning at 8 before 8 30 there was a hearing that I saw on the news at 25 after 8 and there she was with her attorney and she was released on bond and so you know that was a shock for us because I believe he should have told us you know about it but we didn't know to ask so I feel that if you don't know the questions to ask then you don't get any answers really didn't understand the procedures and that if I know that I didn't have I could have pushed to have a trial I would rather went to I do thank you for taking the time to spend with us today I wish you didn't have to do it I wish we were here under different circumstances because none of us chose to have a tragedy happen in our lives but now that it has happened let's see that we can see if we can take advantage of that and try and help others who have to follow so that they don't have to suffer the same pain that we've suffered so thank you the following is a summary of the key points made during this program it is important that victims receive notice about case proceedings in order to exercise their rights victim death notification is extremely important and needs to be done more sensitively training in this area is critical to avoiding further damage being done to the surviving family members truth in sentencing is a critical issue to crime victims there needs to be better assistance to provide information to families who have suffered a violent crime about the existing organizations that can help them information about the crime is critical to the well-being of crime victims OVC is funding the federal victim notification system which provides victims with critical information about case proceedings the officer victims of crime has funded the development of training curricula and other resources to improve death notification among criminal justice and allied professionals OVC provided funding to mothers against drunk driving to develop and deliver training for clergy and funeral directors crime victim advocates law enforcement and medical personnel to instruct these professionals in providing compassionate and thorough death notification OVC provided funding to the American College of Emergency Physicians to collaborate with mad to train emergency physicians and residents to give proper death notification to families after the loss of a loved one OVC has developed the online directory of crime victim services to provide information about available resources and assistance for more information please visit the following website