all the joy and love you all generated out there and now we will yeah why don't you share some of your energy with us because we've been in here playing with figures okay so we're gonna and Marcos thank you for sharing that with us that's super cool okay what we're going to do now what we're gonna attempt to do we it's a process of coalescing of synthesizing your recommendations that were evolved out of your vision into creating some active potential active steps that if we think about what's the forward movement of the Latino theater commons not just us in the room but beyond because we are beyond what does that look like and what that encompasses is what does it look like on a national level on a regional level on a local level on an individual level so in other words thank you folks who circled things we took all of the stuff that came up we tried to condense it into the four areas that were recommended five areas excuse me advocacy and networking for art making scholarship and convening so this is gonna go kind of fast so I think it's gonna have to be somewhat shouted out kind of loud or stood up let's see what it feels like and how it flows but I'm gonna really quickly read through the list of how we coalesce the ideas around advocacy networking and some of this sort of collapses a little bit so one the notion of how do we advocate for new plays both by creating the new play Latina o Latina Latino mapping which yes we know can be done through cafe on that's part of cafe on that but also how might we do that in those variations and play submission opportunity so think of that as like how do we support plays plays how do we support about knowing about where they were to send our plays and knowing how to announce our plays then the notion of a resource board which encompasses a list of internships a list of artist profiles the idea of how do we develop regional advocacy plans and maybe we start that at a lower level that develop into a national advocacy plan how do we support local individual work I'm just making the list how do we well this is an action pick a mentor be a mentee how do we infiltrate existing organizations how do we connect artists to share with other Latino artists and among the larger community as a whole how do we make a list and maybe this is under a resource list list of recommendations of folks to fill leadership positions board leadership other leadership positions artists in government right how do we create advocacy training in our communities how do we in how do we identify regional delegates for the continuation of LTC be a mentee and how do we create networks between artists and scholars should we stop there and do the work groovy so on a national level and we're just going to kind of fill this in really quick and thank you guys we're going to be writing how would we on a national level and if you want to think of collapsing any of those or addressing any of those on a national level how do we do anything that's on that list gain access to the most powerful players is that something we need to do on a national level and forgive me David I'm just trying to process how to how to write that down how to reach the most powerful players and so is this an individual effort okay let's put it down sure it sounds it sounds like we you're asking us to contact people individually right individual players right so it sounds like it's developing and forgive me I'm just trying to process it sounds like it's developing a list of the powerful players in order to access them so that sounds like a national effort to get together a database if you will of the of the of the power players whatever that means thank you I think this convening provided access to the people that I would have had access to before and that are you know myself as an individual my company my region is that access that we've never had so it's a resource sharing model yes so it's a it's a develop the LTC resource sharing through a database of so powerful players includes a national resource list so under the resource list that we've been that we're identifying which looks to be a national thing that's that's that that that's included then power players as well as the artists as well as the work so opportunity so maybe we hold that for convenings for introductions okay I'm just hold on to that so can somebody write that under convenings maybe national provide introductions okay and now we put down your idea about copy the npn model is it npn or the nnpn model and it's a national new play right as opposed to the network of performance the national performing network thank you so much okay again back to here anything here that we could see addressing okay let's put it this way on a regional level we have this create a regional advocacy plan on a regional level could you imagine going back to your region whatever that means and developing an advocacy plan with your people we had five communities today rose no no no this is advocacy to hold the first bullet had to do with plays regional in Seattle okay so in Seattle regionally they're committing to holding Latino so you're talking West Coast then so regionally West Coast which is exquisite let's go okay so it's a it's a Northwest you got it beautiful details yes local knock on funders doors locally look civic government equity and funding so raise awareness around equity and funding on a local level if not if not so that's a national effort then review national arts funding report for lack of a better term thank you just to reiterate these are just suggestions so that we can populate the ideas on these levels and so all of this riffing is just making these goals practical so other ideas and we can move you can be right now we're dealing with advocacy we can move into art making things that came up and artists or writers convening I think it's a little bit like when cars first came out they called the force was carriages you know and eventually became cars I think the Latino term will eventually phase itself out okay actually because it's it's too limited and it's not gonna give us the kind of support that we need because it's ethnic it is divisive ultimately really what are we about and what are we reflecting I think that what we are reflecting are the new Americans who are we with a new American theater you know we're not divorcing ourselves absolutely not completely agree with you we are providing a new beginning for the American theater so we're the new American theater that's beautiful because we were actually having conversation about whether we needed to put the word Latino Latino up there at all so let's just do this so right on so let's just do this let's call it nationally reframe or rename rename ourselves rename our theatrical movement because that's not just going to take one person that means we all embrace it like rebranding right rebrand okay thank you next other thoughts yes and beautiful I think one of the things you're bringing up as well is that we're developing models so I maybe so top right LA the advocacy and then maybe the bigger picture or maybe the regional level is how do we share models beautiful other thoughts what can be done let's see we had peer review of work do you have under artwork art making it also comes up under convenings for example the Fortness Institute how do we approach that on a national level what do we need to do done done okay do we need to approach that on a regional level somebody can be right down find a location we don't know that's a good question find a location is the question find a location if they took it on a regional yes or the charge rather yes is that a national level national level task force to support the Fortness Institute thank you a central place for the Institute but have a bit in a row so that the Institute moves around the country beautiful define the Fortness Institute that might be under task force I mean if it's a national thing and people would like it to travel it becomes a national conversation folks want it all over right the question to east-west yes great and that'll be part of the task force is talk about what's the value of having home that's actually there and what's the value of having a bee itinerant and traveling what's it's what's its manifestation we just had a day escape okay other things other thoughts that we want to address on a national regional local or individual level individually what can you do to move forward I'm going to add something the Latino the play mapping has to be done on an individual level I have to commit to going on howl around and typing that stuff in thanks Mario Nesto is spearheading a website in Miami out of that Ravante that's going to chronicle capture a database a resource do you feel that that's an individual project a regional a local project a regional project even though it impacts the national field building trying to build a website at a national at the national level so that in addition to having a directory you're going to be able to update it and talk about your work about your fear company and your programming so hopefully you're all going to get an application so that you can join in and then you can update it yourself it's taking some time because I definitely want to be here first I think it's going to be delayed even longer beautiful and ideally it will link to cafe on them yes Tiffany I think individually we should also have something for managers and administrators development directors so that if you do know that local theater is hiring or even a foundation is hiring people you then have sort of like a LinkedIn where you automatically can recommend someone so that we can start infiltrating because they're really going to make changes the decision makers so you're supporting infiltration on a regional level by sharing the information that you receive with the national level yes so this speaks to infiltration and advocacy does that make sense or is that local to national I think everything but I think we individually individually needs to put ourselves and recognize that name these names because how we say they so the commitment on an individual basis is to make recommendations to positions of leadership for people we know who we think should be there beautiful yes Lisa yes yes yes how about a local local under local convenings because it sounds like there's a lot of power of people as good as skype is lots of power of people gathering in the room so foster local convenings and that could be on an individual basis of people move that forward but it's going to happen locally and then we'll see where that goes just a second David yes Jose Luis so as an academic as a scholar you are assigning you are actively assigning Latino canon to your students let's put that up somewhere maybe under scholarship individual individual individual because it is the I mean you know you have to actively if you some in some cases you have to ask for permission may I put this in my syllabus great okay do you see that as an individual local right on individual so what do we call that project submit to the end submit to the anthology so is it about the playwrights sending out their plays is it about inspiring those places to Latino I don't know how many places get submitted there right I don't I feel like we need like a national so generate a national call for new place sorry okay I'm trying to be concise thank you because I got the yellow card yes okay is that how do we do that on an individual basis on a local basis all of them okay so we have to look excuse me one year okay one thing at a time okay hang on so the picture I'm trying to frame the sentence because were you specifically talking about Lord yes so on a national level level motivate motivate the Lord theaters to commit to one to a Latino at least one Latina Latino play on their main stage that season yes whatever season that might be thank you so much for writing that down okay I'm sorry one second go ahead this is different this is different do we need a second to catch up are you okay right on because we've got a bunch of writers yes I'll get to you the Latino theaters but to all theaters especially the regional theaters for the casting directors and artistic directors not for all actors that have been flooded the casting cast and directors and artistic directors of the talent that is available in their region so they cannot use the excuse we could find a Latina so support a casting resource list national support a national casting it's part of okay it's right now so it's support the Hispanic organization of Latino artists which we can do individually I I'm not on it I'd have to get my head shot in there right I'm just saying so individually submit the and and nationally support all out to get the names of our artists to all out but beyond that not only just a list of all the Latino Latina actors nationally the artistic directors at the actors can call or if the upper-east or call someone who knows the Latino or Latino pool in their area so that's a regional effort identify regional casting consultants and I'm going to say identify designers drama turges stage managers coaches with cultural sensitivity forgive me I have to go to Rose we got I've got give a literally 15 minutes ideally there would be some sort of accountability from a regional large regional theater to see if indeed dead check to see all of these individual casting directors and stuff before they went ahead and cast the not Latina advocacy then establish accountability practice okay Rose has been dying I'm sorry Rose is going to faint I guess what I mean is when the rep did three Latino plays a year and then book it that didn't help build a movement in Seattle that did not help they brought the actors from somewhere else discuss the challenges of this proposal beautiful so that that that Lord project engages local local theaters they're there yep absolutely Lou then I get to you one into that union versus how that dollars gets distributed to our Latino membership again accountability accountability for membership union accountability okay Juan wanted to say something and then Tiffany sorry generating enough work right how are they how are our advocacy organizations actually advocating for us how are our advocacy organization actually advocating one and then Tiffany beautiful local level art making writers groups beautiful Tiffany I'm sorry Tiffany I want to hear from people I haven't heard from them if you hold up a second Tiffany yeah okay force a force of publication of union demographics of union work demographics including the critics that's under advocacy okay a breath because I think can I get a time check please thank you so much to that end yes so is this a is this like a virtual repository of the canonist is a scholarship model is that right okay so with this and it sounds like this is a local effort or an individual effort at one university so let's let's talk about this as an individual level as an individual practice and that would be not only provide the list and forgive me I'm reframing it create a virtual library for the use of their colleagues and I would I would add to that because I'm just inspired link that because it's virtual to a national repository a national library so the big picture is create a national library of the canon paradigm shift the America's beautiful yes Tony trains those actors include your roots in your bios we might need more paper from somebody who can rip off a piece of paper and put it out there please yes under scholarship develop a best practices white paper for the worst of the patient beautiful create a touring network okay and those universities are actively looking for Latino works that have the curriculum the theater or the kind of place now whatever place programs so that we can send them in immediately and compile I see so establish a list of universities or organizations that are seeking Latino works and that's compiled on an individual basis and that's toward the beautiful beautiful okay in who haven't I okay yeah she with a group that she's going to start of Latino commons we're going to connect them and then we invite any other students Latino students across the nation to connect to our group so that we start on an individual level connecting our students maybe using cafe on this pipeline so let me let me see if I can reframe that then if I understand it so we can write it so it sounds like you're creating a network between across academic organizations of art making students right so but at this point at this point I'll be right there at this point thank you very much at this point then it's an individual reaching out to it a co a colleague at another university or system to establish a relationship between my students and their students and that's where that starts and then that colleague or this colleague and there's a network that grows out of that so the individual effort is to simply reach out to another university to establish a cohort of across academic institutions got it create and then maybe that's a slightly different thing then also create many latino theater commons like convenience commons at your university thank you yes create a people of color is that advocacy or convening americas create an americas convening create a new americas convening national level new america new america alliance okay okay yes Maricela going on in the bay area but there needs to be more funding and their data mapping not just a little bay area it's their counting gender parity for actors directors play rights and they see the data showing that as you go up with the theaters that have more money resources the disparities are getting really really big but they're not including right now ethnicity right now I think in DC they are so we would be funded scholarship support to be able to I think get a baseline so they can really hold up a mirror to these theaters to show them what they're they're doing what they're not doing so it sounds like grabbing a kind of a pulse which may be sort of what is happening with Jorge and Tiffany creating a pulse against which or a map of what's happening successfully in some places against which we can say look this is what's happening in Dallas this is what's happening in Miami this is what's happening in Seattle why isn't this happening where you live is that what you mean something like that right collecting so collecting the data that reflects the successes and perhaps our weaknesses successes and weaknesses the term I want to be clear with you all but the term new American theater can be very confusing you throw that into the establishment is a oh yeah well you know down is in English American play right here you know it has to be the theater of new Americans that's a very important distinction who are the new Americans well look at the demographics okay this is a theater for by about new Americans and questions for the American public new Americans yeah yeah that's right so that so that all the Latinos are taking care of Asians are taking care of reading you know and the thing is that that's just a point of clarity that's all thank you for clarifying that because now we know what you're speaking of and if you've brought it forth Alexandra oh sorry Alex can you go ahead and use the mic please thanks some you know some folks are yelling and some folks are writers about just reframing language I'd like to sort of begin a conversation about reframing the word or substituting the word reading because I feel like the word reading is giving a lot of theaters license to make it feel produced because they hire these great actors and these great directors and they you know and then it's a one-time thing and it's like you know go home so so I was thinking like spoken text and to have a conversation about how okay this is development and what's the next step in the process with the with the theaters so that so that it's not like well they get the grants to sort of develop us we get the one-night thing which is performed right music stands so rework that like do we need to change the word and what's the conversation with the theater that we need to have so that that's the first step in the development of the play and what's next and thank you Alex and I'm wondering is that something is that an individual effort is that a local effort with a group of so for example if you've got a writers group and the writers group goes to the theater in their town that has been supporting but only as far as readings and says you know what we really think it's time I think that for me I mean I don't know what the answer to that is but I think if I say to my theater listen I'm not gonna call it a reading anymore I'm gonna call it text out loud because I'm hearing my text out loud but it's not a performance and I want to see a performance of my play like I'm not gonna invite your family and friends no I just want to hear it out loud thanks so much and great then when does the performance happen so how do we so it seems like advocacy reframing and promoting production I mean I think that's what I'm hearing for me Alex is promoting production so I think that's something that we can do at all levels and maybe it's art making killing the construct of the reading as performance you know the reading is to hear the play out loud because it does if the construct is that this is a performance of your play which is what it ends up being often then they're off the hook they don't ever have to really produce the play so performance it's reframing right just say play out loud okay promote production post reading promote production promote production I think we can do that all the way up and we'll frame it okay I have I think about three minutes to I have less I have two minutes we haven't heard from you Marcos that's okay yes yes I breathe rose in Seattle a city of our sizes just not a sustained support great engage local leaders engage local leaders yes Sandra white institution and so I'm trying to not only shepherd my very few Latino students but I'm also trying to help reframe how my Caucasian mainstream wealthy privileged students think about the theater and so I'm wondering if we can talk about somewhere along this not just Latino groups but Latino affinity groups because I do have a lot of interest for my Caucasian some of my how do we support allies how do we support ally ship thank you all right because we have a minute do we have burning burning okay we're burning over there the you know the convenings are as empty and just talking to Mark just talking to Mark about this about these micro festivals he was gonna be planning one the Southwest and I'd really like to get together people from Albuquerque and South Texas and Tucson but the thing that I really want to say is to figure out how to get the money to bring us together to have these exchanges because I mean we can all like we all know where we're at but like how do we fund that I guess urgency about the idea that there are teaching artists like me around the country who are helping to form the Latino audiences of the future with our young people stealing our money and so and with that I just you know I want to make sure that we're kind of like aware of that that is coming culture coaching coaching culture coaching culture coaching financially and audience negative one I'm over time yes okay thank you I got to stop because I got the negative one like time on your phone great okay while we're doing that everybody just take a nice big breath right what I would request of you to do right now in the next one minute I'm gonna be timed please text or call somebody quick please just say hey I gotta talk to you when I get back I gotta talk to you when I get back about something that came up go anybody and and it has to do with this it has to do with Latino theater commas about the convening about what's come up forgive me for being specific go I'm at the convening I want to share something with you this is networking thank you everybody for doing this okay we're almost done you to know because I'm negative one I want to shout out Mark Valdez for that recommendation okay we done okay the last thing and I'm gonna stop talking for a couple of minutes oh thank God can we sit in silence for national projects take a look at all of that so we got a list of things we could do under convenings to promote convenings a list of things we could do to promote scholarship a things list of things we could do to promote art making and a list a list and a list of things we could do to promote advocacy and networking on behalf of this commons is convening in the goals of our community in silence please envision where you as an individual might be able to put your time and energy look at them all some of them require a large commitment and time some of them require I just got to do it please just take a contemplate it all and see if you might distill it to one that you go I think I could commit to that please okay so the next step here is take out if you still have I hope you do your lot that he apart pull out your little ear parts pull them out if you don't have a raise your hand or stand up or have people bring you on if you still don't have yours and we're gonna huh just for this yes just one thank you for now just one all right so what we're gonna ask whatever thought you have in your head in terms of we need to card make sure we fill that in we're gonna ask that you write your name on the back of that little area card and you write down one thing you're willing to do moving forward either or on an individual a local a regional or a national level let me remind you that the national work big long-term rolling up the sleeves two three years out work festival stuff some cafe on that stuff steering committee work think about understand what that means and put a star next to your name so that we know as we collect all of these things that you're interested on that level in terms of the work and you may have gotten a sense of all of us running around here would been a steering committee up into this particular point that we've done a fair amount of work so you know this is the access point to that this is the opportunity here please put your name on the back of that little area card put a star next to your name if you're interested in doing that national commons steering committee based work but most importantly make a commitment to yourself that you're going to contribute to this movement the best way that you can to achieve our collective and common goals so if that's an individual thing if that's me contributing to a blog on cafe Honda if that's me making sure that when I'm in a room that doesn't have us I stand in my power and I advocate and I make sure that I'm a voice for all of us and that's what that means but make that commitment now and write it down on that piece of paper we'll give you a few more minutes and then he done is going to lead us into the clothing just hold on to them right now you're not doing anything please hold on to your cards coming to a close on these two and a half incredible days we've reflected talked about where we are and we've looked forward so a commitment is a commitment so as everyone gets back to their seats and you have your card we're going to start pulling down the work we've done over the last couple of hours we're going to go back to our timeline and our board so that it's in the space with us for our party tonight so that we keep being inspired and we keep putting things up on it because as we acknowledge earlier culture is a continuum and it's dynamic keeps moving so we're going to keep things moving


The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good Tuesday morning everybody. I'm Tommy O'Brien. How many alive from TFNN, 9.06 a.m.? We got about 24 minutes to go until the start of trading. Quite a day to the downside yesterday. Market clawed back some of the losses to kick off the trading. We look at the S&P right now. We're up 17 points. Look where we were yesterday. Low is intraday. Before you finish with a little bit of positive action. I mean, well off the lows we had yesterday, whether it was at about lows just prior to noon. The actual low yesterday, you're talking about 42.67. So you're 40, 4.0 points above that price level. We hit that price at 1 o'clock yesterday afternoon. You also came down at about 9 o'clock last night. Things looking a little bit dire. But since then, look where we are. We're up about 40 points off of the lows in the S&P. We're positive by 4.10%. You look where we were yesterday. You're talking about basically in the middle of the range from that full sell-off that began right at the market open. Tech stocks are what started things yesterday, trading lower in a big way. They led on the way down. You get the NASDAQ 100 up 3.10% this morning. Yesterday morning at about this time, 14,735. You trade down to 14,367. So as you see, technically on the session, you're positive by 40 points on the futures. But you're talking about positive by about 130 points from the lows we had yesterday afternoon. Last night, we were down at almost 14,400. Dow right at 34,000 as we speak yesterday. You sell off quickly to about 33,700, just like the S&Ps. We hit that price level at 9 o'clock last night before trading higher. We got the Russell up about eight points right now at 22, 23. Bitcoin back above 50,000. Quite a week for Bitcoin shaping up so far, 50,300. Crude catching a bit as well. OPEC holding strong on their cuts. You got Crude trading higher above 78 yesterday. We almost got a 79 print this morning, 78,88. The price of a light sweet. Crude, you jumped to gold, pulling back today. We got gold down $13 at 17,53. Gold trading inverse with the market yesterday. Gold accelerates to 17,71. We get back almost all those gains though in gold. And we jumped to silver, negative 22 cents at 22,42. We got to check out natural gas because that thing has been on fire. We hit 610 this morning, taking a look at the daily on natural gas. You're talking about those are dailies. I mean, for a second I said, is that a weekly? We got such large bars? No, they're not, but we got higher prices. I mean, the only thing above where we're trading at right now is that spike high we got last week, September 28th at 631, and we jumped to notes and bonds. Little bit of lower price and higher yield. Checking out the yield, we're sitting right at 1.51% right now. You take a look at just going back a 10 day, 30 minute, you were down to 130,107, that's about a week ago. You made it a full point higher. You make it to a high Sunday night of 130,208. So more than a full point, you traded higher. And just like that, the trend is back to lower price and higher yield this morning, back above 1.5%. We jumped over to the VIX volatility index. Quite a spike yesterday. We got a new normal in the VIX for the last week with a range above 21, with a higher boundary of about 25. You take a look at the daily on the VIX, you see that area. We haven't had an area of five to six days of spikes.  I mean, it was almost one day spikes and we gave it all back, right? You had a spike in July, pretty similar action. Only two days in July, it's spent above 20. We had a spike in June. What I'm pointing out is, this is a rally in the VIX that is persisting. When you look at, I mean, what day are we going back to? We're going back to September 20th, folks, that we really spiked above 20. You got below that level for three days. Just zooming in on this action though, we're talking about one, two, three, four, five, six, seven, eight, nine, nine out of the last 12 days, we've spent the better part of it above 20 on the VIX. We haven't seen a sustained rally in the VIX above 20 for nine out of 12 trading days, folks. That's pushing back almost three weeks. You got 10 trading days in a week, 12 trading days. We're going back two and a half weeks for the better part. We've been above 20 in that volatility index with a lot of volatility in this market and the indices are showing it. All right, let's jump right into things. Where are we going to start off? Why don't we start off with Facebook? Quite a day for Facebook yesterday. You got a little bit of a pop. Facebook goes down, Instagram goes down, WhatsApp goes down, their messaging service as well. All their servers going down. You got Facebook, really amazing that that is on the heels of, I was talking about yesterday, early on this program, 24 hours ago, the 60 minute story with the whistleblower out there talking about Facebook, the harm they're doing, the internal documents, encouraging people, if you haven't seen it, folks, check it out, 60 minutes, it was Sunday night, the Facebook whistleblower, it's worth watching. That happened Sunday night, probably one of the less fortunate times that you could have a pile on, as in then the company's whole website goes down the next day. They were gonna pay a price probably yesterday anyway, because once it becomes real, folks, more so, right? You have a face, you have a person, they're talking to you, they're telling you about what they saw in this interview internally, they're telling about what you saw even versus other social media companies compared to what Facebook is doing and how bad they're acting compared to other social media companies was the point they were making. When you see that in the flesh, it's a different story than just reading a journal article about how bad it is. It shouldn't be the case that it takes a person's face and that raw emotion to make it count. Facebook would have been down lower yesterday anyway, is my opinion, and they really piled on when you think about it though. Now, jumping around, so we're up about two bucks, we're back to 328, Facebook was already pulling back from the tie of 384. You jump to some of the discussion, so it seems to be a router issue that they were doing some type of an upgrade, disruption to network traffic, had a cascading effect on the way our data centers communicate, bringing our services to a halt I would say. So network configuration, no evidence that user data was compromised. The technical issue took Facebook's core network, it's photo app, Instagram, WhatsApp, all offline. I mean, they couldn't even get into the Facebook building, folks, which was pretty remarkable.  The social network, right? There's a time very early on in Facebook's development, at least portrayed in the movie, and I know they took some liberties, where they don't pay a bill, Facebook's Zuckerberg's partner doesn't pay a bill, and Zuckerberg flips out and he says, do you understand that you've pushed this site down one day and we could lose everything we've built? And already some of the numbers in terms of people, in terms of downloading, I'm gonna pull the article up later this week, I got, is this the one? Yes it is, okay. So millions flock to signal and telegram after Facebook outage, and you can see how fragile a company like this is.  Because if you can go down for five or six hours, what's preventing it from going down for a day or two? And if you go down for a day or two, what if somebody's habit of checking Facebook, what if they're addiction to being on Facebook? Instagram, right? What if that addiction gives a little bit of a glimpse of what else is out there on the internet? Like signal, like telegram, you're talking about millions of people downloading signal, Twitter was still out there, people were talking about it, of course. You have telegram, whose functionality closely mirrors WhatsApp. How about surging 55 places to the top of the US iPhone download chart? That's an opportunity, they just let their competitors get not a big deal in the grand scheme, but you can see how delicate that relationship is. Stay tuned folks, we'll come back with our man, Kevin Hanks, we'll be right back. Golden ratios to 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. 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We got the Nasdaq 100 positive by 43, Dow positive by 127. We got about 12 minutes to go until the opening bell. All the markets clawed back some of the losses from yesterday. Let's jump over to our man, Kevin Hinks. Folks, every trading day, 11 a.m., nope, excuse me, 12 a.m. Eastern time. 12 a.m. Eastern time, I gotta get it now. Fast Market with Kevin Hinks and Tom White, a new outstanding program kicked off in a new time on Monday, 12 o'clock. Larry in the 11 o'clock slot right now. Kevin Hinks, good morning. Good morning, Tommy. Yeah, first day, new time slot. New show, new people on. So a lot of the same ideas though, we're still trading and reacting to what the market's doing and showing people our checklist basically for how we choose a trade. And like I said, yesterday we traded PepsiCo ahead of their earnings. Historically, a name that doesn't move a lot after earnings. We put on a range bound trade. And so far, Tommy, it's sitting right in the middle of our range. So, so far, so good at PepsiCo. And pretty cool, Kevin. And listen, anytime I think about PepsiMan, I think about you and I think about you saying, hey, historically, we never know what's gonna happen any given quarter, Kevin, but historically, very low volatile stock when they come out with their earnings. Now, were you a market maker in Pepsi? Is that what it was? I refreshed my memory. It was in the CDPIT at the CBOE, so I traded and I was the specialist in PepsiCo for 20 years. Cool. And I had their numbers up.  I was listening to the program yesterday with range bound trade, as you were talking about some strong numbers here from PepsiMan. They beat on earnings, they beat on revenue, net sales, 11.6% rising. I mean, just staggering numbers in a big way. What they also came out with, Kevin, which I thought was interesting, is that more price hikes could be on the way since the CFO, I'm reading the headline out there as well. Of course, that transitory inflation debate persists. Pepsi, you're seeing it, but higher this morning, up to about 151. So we got Pepsi out yesterday. I know we have some companies trickling out to start this week, Kevin. Of course, we got a lot going on. We get non-farm payrolls coming up on Friday. As a trader approaching a pretty volatile market, I was talking about in the first segment of the show, we got a VIX, Kevin, that's been above 20 for nine out of the last 12 days. You're talking about two and a half weeks now that we've had a pretty sustained volatility trend right now in this market as we come into a pretty important non-farm payrolls number. What do you look for in that VIX as we come into maybe Friday's non-farm payroll number with the VIX sitting right now at 22 and change? Yeah, I think there's some volatility because of, remember last September 3rd, there was a pretty big miss on the non-farm payrolls number. And I think you can connect the dots to where this market got copied. Now, I'm sure there was other reasons, but it certainly started on that day that we had a pretty substantial miss in non-farm payrolls. So hopefully with the benefits expiring on September 6th, the people are starting to move off the sidelines and into some of these jobs. So the expectations are now for about 475,000 jobs. Frankly, Tommy, between you and I, that seems a little low based on that was the extent of the miss from last month. And that's all they're expecting for this job. So this could be an interesting one to set up if those people are starting to come off the sidelines here, we'll see. The numbers from COVID are starting to turn positive here in terms of lower net cases and lower hospitalization. So we'll see if this market is starting to open up with more people coming off the sidelines and entering the labor force, Tommy. It is pretty cool, all the variables in Playman and it is great just from humanity. Cases look like they're going down. Florida had a big spike, I'm sure most are aware, very much going down, which is great to hear, especially being in Florida. And yeah, I got the S&P Futures up on the Thinkorswim platform. September 3rd, you got an all-time high, which is ironic, you hit the actual all-time high, 45-49, we're down almost 250 points from that price level. And I agree, Kevin, on the jobs number expectation, what happened in the summer months to the million jobs number, right? Remember there's a lot of talk, a million maybe was the number, we had some misses, everything was a little delayed, Delta variant kicked up, so it was a little pushback. It seems like expectations have been paired a bit and the market not really reacting too much when you think we're still sitting at a pretty decent, to say the least, 43.06 in the S&Ps as we've pushed back this recovery. Expectations looming though for Friday and rightfully so with the VIX sitting at 22. With a few equities in play, Kevin, do you guys have any idea? I know you had a great program yesterday, you were talking about hypotheticals, you were setting up trades. Do you guys have any idea what you're gonna be talking about today, coming up at noon Eastern time? Absolutely, like bullio's can do presentation on constellation brands, so we're gonna trade the liquor business, they have earnings coming out tomorrow morning before the open, and then we're gonna start getting our shopping list out, Tommy, and look at names that have been beat up, Amazon and Microsoft, two names that were down hard yesterday and frankly, Amazon is down about 15% off its highs, so we're gonna start looking at these names, putting out positions, setting you up for the future ahead of third quarter earnings, Tommy. That's awesome, constellation, I love that company, I have some of that company in my retirement, they have some exposure to cannabis in there, but talking about strong, strong brands, wine, beer, right, Medello, Corona, Kim Crawford, pumping a little bit, I'm a little biased folks, but I'll be watching that, and I'll really look forward to that conversation about these tech companies, Kevin, because it's really interesting, you start getting in a long-term basis, the type of pullbacks you have, right, for some investors, and I love the short-term trading you guys do with options, but looking at things a little bit longer, when you start getting these types of pullbacks in the market, you can't help but be a little attracted, I mean, look at it, Amazon, we're back to prices, Kevin, that we were trading at, geez, I gotta go back, you're talking about 15, 16 months ago, the same exact price on Amazon shares, I imagine that company's been doing pretty well over the last year, year and a quarter, they got some rising costs, of course, and it makes me think about what you guys talked about last week, I think it was, with FedEx, because that's one of the companies just same situation, if you're in, for the long haul, man, you're looking at a company in FedEx, I think we have a market cap, something like 50 or 60 billion dollars right now, you pull back from 319 to 217, pretty cool, how you get some pullbacks in some of these equities, and I'd say they're pretty strong equities in the long run, but man, you got some price pullbacks in a big way, Microsoft sitting at 283 from 305 so far. Well, Kevin, we look forward to the program at the new time of noon Eastern time with you and Tom White, man, we'll be watching today, we look forward to it, and we appreciate the conversation as always. Have a great day, Tommy, thanks. You too, Kevin, take care, folks tune in, they got a new program, it's Kevin, it's Tom White, they're walking you through those trade setups, a new time, 12 noon Eastern time, every trading day, I encourage you to check it out, Fast Market on the TD Ameritrade Network, and you see, as he's talking about now, Constellation, as I said, I do have some Constellation, I talked about a little bit yesterday, actually, we're right at the 382, 382 for Constellation, you back it up to the run this had, going back about a year ago, right, when things really took off, when we started to get the COVID vaccine efficacy, we get over the election volatility, we spike from about 160 to 244, Constellation, you've been skipping around this 212 area for the better part of almost three months, this is a weekly we're talking about here, you're coming into their earnings, you pull up the analyze tab, we're talking about a $7.63 move expected, not that big of a move expected for their earnings, you want weekly action all the way through Friday, you're talking about $9.43, we'll call it almost $10, you're talking about a four to 5% move priced into their options for their earnings coming out tomorrow. All right, folks, stay tuned, we got the S&Ps up by 15, as I said, right? We got non-farm payrolls, and for all intents and purposes, we're almost sitting at all time highs, little bit of a pullback over the last four weeks, since that September 3rd number, but we got a new number on Friday. 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. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our TFNN hosts live during their shows. 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And make sure you check out Tiger TV for free on tfnn.com or TFNN's YouTube channel for live financial content from 8.30 a.m. to 4.00 p.m. Eastern on market days.  TFNN, educating investors. TFNN is excited about our new software charting program, The Art of Timing the Trade Charts. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including Gartleys, ABCs, Butterflies, and much more. 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. All right, folks, welcome back. We got markets open. We got the S&Ps up by 18 points right now. That's a weekly. Let's put it back on a daily for the full run that we've had. Quite the acceleration up to highs of 45, 49, keeping in mind that was the Friday for September when we got the numbers for August non-farm payrolls. We come into that Friday's number this Friday for the month of September non-farm payrolls. All things considered, chopping around it, relatively near highs. But man, you say relatively near highs, but just like that, we give up three months of gains in a pretty quick instant. In one month, we're back to 43.08 in the S&P. You take a look at the NASDAQ 100. You look at the run that we've had since May. You were under 13,000. You make it to 15,708. We've given back almost half of those gains from May, just like that. We'll see when we're a minute into the opening, we got markets in positive territory. Russell, giving it back though, pretty quickly. You put a 15 minute on that chart. There's your drop-off right on the opening bell. We're down about giving back most of the gains. You have the S&P up 17 tech stocks in the positive as well. Let's jump around to some of the fang stocks. They were the first stocks to accelerate lower yesterday. We're catching a little bit of a bid today. You have Amazon up by half a percent. You got Microsoft shares up eight tenths percent. Google shares up by six tenths. Let's check out Facebook up a percent right now to 329.54. Pepsi out with their numbers yesterday up about eight tenths percent up a dollar and change to 151.38. Now getting into Pepsi's numbers, because it's interesting when you talk about, strong numbers in a big way. Organic growth, a little bit suspect in these numbers here. Pepsi's North America organic growth revenue, seven percent for the quarter. Their organic sales have risen 10% on a two year basis. So a little bit of a slowdown there of organic growth. Growth has moderated since bouncing back 21% in the prior quarter. You got a lot of variants here with COVID. Company said it's a double digit net revenue growth for its food services business which includes sales to restaurants, stadiums and college campuses. That would make sense as the economy opens back up. Frito Lay saw its organic revenue increase by 5%. It's amazing the organic revenue growth these big companies get over and over. As consumers maintain many of their pandemic snacking habits, Quaker Food North America, that's been the most challenge of Pepsi's business units. Organic revenue increased by 1%, all right. Now I'm gonna jump to what they were talking about in terms of higher prices. You have the CFO, Hugh Johnston, expecting another round of price hikes in the company snacks and beverages early next year. Now when they're buying supplies to make their products, they have about a six to nine month lead time in here. The forward buying can only do so much for us. What it does is buy us about six to nine months of room. They buy commodities and materials that needs to months in advance, but those contracts don't help the company escape inflation. Of course they don't, eventually it's gonna catch up to everybody, folks. The wiggle room allows the company retails to ease consumers into the higher prices, saving them from the sticker shock. The thing to take from this folks is those prices are never going back down. You start hiking a bag of Frito-Lay potato chips, those prices are not going back down a year. They are going up, period. End of sentence, hard stop. And those costs are gonna matter to consumers and to businesses. During the third quarter Pepsi saw higher costs tied to inflation for labor, commodities and transportation, particularly for the Quaker Food North America Business Unit. The net income fell 3%, but revenue grew 11.6%. I mean, folks, that would be like if you were taking in a million dollars for a business, okay? And let's just say you were making 100 grand, okay? Well, next year you take in 101.11 million of revenue and you make less money, you make 97 grand, right? You increase revenue by 10 plus percent, 11.6 to be exact, and you can't even keep up the same net income that you were making on that revenue number. Pay attention to that because I think it's gonna be a persisting theme as we march on. We'll keep on that theme and we'll jump to Target. Target, now Target already has a $15 minimum wage and they are adding to that $2 an hour extra for peak days of holiday season. So they're talking about whether it's Saturdays and Sundays and the final weeks before Christmas, whether they're talking about the days right around the holiday season, peak days during the holiday season, such as those Saturdays and Sundays around it. Extra pay will go to store employees and service center employees who work on Saturdays and Sundays from November 20th to December 19th or Christmas Eve or the day after Christmas. Select headquartered employees, also qualify, send their announcement. They already have a minimum wage of $15. I mean, think about it, right? So you got a minimum wage of 15. Now you're pushing 15 to 17 as the bottom number for Target employees.  Target, you're talking about a fantastic company. They have outstanding social sentiment in terms of people and their affinity for Target. Not quite sure that trend line makes sense anymore as we're deviating above and below. Nonetheless though, you traded from a year ago, you're talking about 120 up to 267, we're back to 227. From the run we've had since March, let's just see what kind of Fibonacci retracement we're dealing with here. Because these costs are gonna matter, folks. So 50% of that run from March will be 216, a 618, we'll bring it back to 204. Right now Target is a, I wanna see what kind of company we're talking about, market-wise, you pull up the fundamentals for market capitalization, $111 billion market capitalization. You take a look at Walmart, for instance. Walmart, you're talking about more than double that, more than triple that, $381 billion the market cap for Walmart. You look at Amazon, yeah, what are we pushing? 1.6, 1.7 trillion, $1.6 trillion for Amazon. All right, what else we got going on? Jumping down the line of some of the equities that are moving today. Lordstown Motors, electrics, keeping with electric, downgraded to underweight from Equal Weight and Morgan Stanley, recent announcement sale of Lordstown's Ohio plant to Foxconn, values the planet less than a fifth of prior estimates. Did you hear that one, folks? A fifth, that's 20% of prior estimates when they unload that thing. You're down 10% on this equity. Be careful with all these equities, folks. Look at this chart, right? Very unfortunate that a lot of people got caught at these size. I mean, look at some of the volume. Now, that's a weekly. Let's put it on a full daily, but go back into the run we had. You're talking about at these levels.  At the highs, you're pushing 10 million, 15 million shares, et cetera. Even when you had the recent run up in June, you're talking about 40 million shares done on June 8th when they were dealing with some harsh news. But geez, that's more than double the price you were trading at right now, folks. Even if you bought in at the low of that day of 1026 and you've lost half your investment, if you had any type of margin, you've lost it all. The last few days, it's really sold off. Some of these companies selling the story in the long run, there's always gonna be the Teslas that make up bandits and really are the success story they tell them to be. But even Tesla came really close to failing and was on the verge many times. Pepsi's out with their numbers as they talk about. Facebook is out with their numbers, excuse me, not out with their numbers, but back online, now Facebook, they got a hearing starting at 10 o'clock today.  Jumping back to what I was talking about real quickly in terms of how delicate the relationship they have with consumers is.  But even you had Jack Dorsey in front of Twitter, Twitter CEO, of course, now he's got a self-interest in there. But you can see how Signal is what's up. He puts the link up there. You have Edward Snowden, he's about Signal, saying that it's just, maybe this is a reminder that you and your friends should probably be using a more private and non-profit alternative like Signal app anyway, besides WhatsApp, it's free. It takes 30 seconds to download, to switch. Facebook's down. I mean, Facebook's got what, 2.6 billion people. So if you lose a few million, not the end of the world, but they could lose a few million just because of yesterday, which is interesting. Not many companies are so delicate with their consumers. We'll talk a little bit more when we get back. Stay tuned, folks, be right back. 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. 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That's TFNN.com, then hit watch Tiger TV. Welcome back right now, folks. We got the S&Ps holding on to the gains. We're up 13 points. We've given it up a little bit, though. We got some volatility on the open right now. These are five minute bars. Let's put it on a minute so you can see the flow of action since we opened. We opened at about 43.06. We're above 43.14. We're down to below 43.00 briefly. Market, a little bit volatile to kick things off. We get the Russell in the negative right now. You got Bitcoin above 50,000. Gold at 17.55. Crude, holding strong at 78.70 right now. Remarkable, crude. Put that on a minute. All upward action so far this morning on that crude contract. There's your 15 minute to see the action for the last five days. Okay, jumping around to other stories out there. So the Fed's internal watchdog, they're gonna open a review into trading activity. The move follows revelations about unusual transactions is how Bloomberg puts it in 2020. Now, hopefully they do put something in place where this at least does not happen again at a minimum because you need confidence in the Federal Reserve folks that they are acting in the best interest of our country and our economy and not in the best interest in the pocketbooks of the governors themselves. The one I wanna highlight here is that they talk about Clarida. Now, this is the article that came out, I believe it was last Friday, that Clarida traded into stocks on the eve of Powell pandemic statement. That was February 27th. Okay, Clarida's forums, he traded between 1 million and 5 million. Now, this is known last week, all right? I'm jumping back between two different articles here in terms of what they're dealing with. Clarida's 2020 financial disclosure show he traded between 1 million and 5 million out of a bond fund and into stock funds one day before Powell issued a statement flagging possible policy action as the pandemic worsened. So this report here is the article I'm referencing here. Okay, he shifted the funds out of a PIMCO bond fund on February 27th, and on the same day, buying the PIMCO stocks plus fund and the iShares MCSIUSA Minvol Factor Exchange Trader Fund, lots of words there, and a similar dollar ranges. So he traded up bonds or stocks on the 27th, okay? Now, the market still had a long way to go in terms of where they were going, but you wouldn't have known that at the time. We really gotta back things up to go all the way back to the beginning. February 27th is the first sell-off. Things look really bad when the S&P's sold off from, I have to chuckle, right? From 3,400 to about 3,000. Now, I'm just gonna zoom in on these few months around the pandemic to give you a quick representation. So there is the 27th, here is the 28th when Powell has a statement, okay? The second or the third is when they come in and cut rates by half a point. The Fed announced a half percentage point rate cut on March 3rd, following an emergency meeting of the Federal Open Market Committee. So imagine, you know that the next day, and I'm saying, you know that the governor probably has an indication that the Fed's gonna release a statement, talk about evolving risks to the economic activity, closely monitoring developments and their implications. I mean, that was the first time. You see that little reprieve there? That little reprieve in the market was exactly what this article's talking about, okay? The Fed was gonna come in, the market said, maybe this will be enough, okay? Well, the market decided pretty quickly that the Fed was not gonna be able to hold up a market during a pandemic and you then proceeded to trade from 3,000 down to almost 2174, not almost 2174. Now, there's a lot of debate and spinning in here, right? You have the Fed, this is a spokesman from the Fed who's speaking on behalf of the Clareda, okay? They're speaking on behalf of Clareda. It's important to know who they're speaking on whose behalf, saying their transactions represent a pre-planned balancing to his accounts. I mean, to have a pre-planned balancing of millions of dollars the day before. And there was a quote in here I wanna finish this up with, okay, and this is from not familiar, Andrew Levin, Dartmouth College professor, former special advisor to the Fed's board, okay? The pandemic was spreading quickly and the economic outlook was evolving rapidly. This was not the appropriate time for top Fed officials to be making multi-million dollar changes to their portfolios. The Fed should welcome an external review. I mean, that's the basic of it folks. This is a once in a lifetime instance in terms of a rapidly folding pandemic.  And you have a Fed governor the day before, they come out with statements only a few days within a week that they come out with a surprise half point cut loading from bonds into stocks. Just not what you wanna see, even if there was nothing nefarious done, that's not what you would have done. If you're really conducting yourself in the best interest of the reliability and confidence that the Fed should have, you would never be making those types of trades. And I'm putting the best spin possible on things folks. I'm saying even if they were made as part in good faith, which I don't believe they were, even if they were made in good faith, you can't make them because they erode confidence in the Fed even by appearances. Sometimes you can't do things even because the appearance would be in propriety, okay? Which is at a minimum what is going on here. I mean, on the eve of that statement folks, okay? The week before February 27th, you load from bonds into stocks. He was probably looking for a bigger bounce than we got. Nonetheless, I mean, you back things up to notes in the same way. And we had quite the run when things really fall apart. I'm trying to find the 27th. Yeah, there was no real pause in the tenure there at all as things just fell apart. But nobody envisioned at that time folks that the S&Ps were gonna trade down to 2174, okay? I remember even myself thinking, man, we just got a 10, 15% haircut in no time right now on the S&Ps. And yeah, we all got it back by about May. So it was a short-lived spike. But now we wanna see hopefully something comes about of that investigation. All right, what else we got going on? Let's jump down the line for stocks making moves. Albertsons, operator shares fell 4% BM Capital downgraded the stock to underperform a market firm. How about increasing wage costs and more price sensitive consumer environment? It's gonna be a common theme folks, especially for a company like that where you're talking about being in consumer facing goods, where you're dealing with rising costs, rising inflations, there's Albertsons.  Sonic Curiosity, a company like Procter and Gamble up half a percent today. They may deal with some woes as well. Now this is a five-year daily just taking a look at this year where we've been. You're up to 147, you're at 139 right now. Let's take a look at Nike. Nike catching a little bit of a pop after pulling back pretty harsh from 174 down to 145 recently. Take a look at Constellation with their numbers coming up down about seven tenths percent, leading it to that numbers. Let's take a look at some of the cannabis stocks. Yeah, they're catching a bounce Man, these things have been dead in a big way. Let's put it just back to the last year. I mean, geez, we're right back to these lows. Maybe that's the area, but we're actually below these lows. The low when you look where we were in September of last year, maybe hide 13s to low 14s we're sitting yesterday as low as 1286 on Canopy. All of them live in all Tilray. Come on, 1095, but look where we are. Same thing. This thing, the chart's just taken forever. I find it no bid. Eventually they may take off, but man, this market, the cannabis sector not paying attention just yet. Let's jump to airlines. See how they're trading after having quite a nice pop in the last two, three weeks or so. You got American up a bit. Delta shares up a bit with the market. Boeing shares, let's check it out basically at about 10%, excuse me, 10th of a percent. Boeing, interesting. Skipping along that bottom line of that trend line coming off the lows of $89 back in last March. And we get all the markets in the green right now, folks. S&Ps positive by 21, tech stocks positive by more than 100, the dial positive by 141, Russell positive by eight. Stay tuned, folks. We'll be right back to finish up the show. I'll be back in three minutes. 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. 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Your investment is secured by high-value real estate in St. Petersburg, Florida. Your investment can be anywhere from $100,000 to $500,000. Do you want to make $1,000 per year or $100,000 invested or $7,000 per year on a secured Tiger First mortgage? The Tiger First mortgage program may be just the program for you. The Tiger First mortgage program pays 7% per year, paid monthly. For more information, you can call<PHONE_NUMBER>. That's<PHONE_NUMBER>. 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 got the S&Ps catching a bid. We're at basically session highs right now. 26 points, NASDAQ 100 up 120 points, Dow up 173. I'm going to jump to an article up here. They got on Bloomberg, Mr. Ken Griffin of Citadel. He says, young people are making a grave mistake, stake working from home. I disagree to a certain degree. There's nothing like human interaction, folks. But you're going to see a lot of this with the S&Ps. But you're going to see a lot of this with certain owners of businesses wanting all their workers to just be in their company's headquarters, even if it doesn't make sense. Now, his argument here is if you're early in your career, you're making a grave mistake not being at work, it's incredibly difficult to have the managerial experiences and interpersonal experiences that you need to have to take your career forward in a work remotely environment. Of course, there's some validity to that, okay? I'm going to push back on it though and say that in the future, folks, managing people, managing human capital, managing businesses in all capacities is going to require a new skill set that is working remotely, okay? It's a different kind of managerial when you think about it, okay? You're going to have people who have a lot more autonomy to run their own day. And managers are going to have to figure out the best way to get the most productivity from people who aren't at a hand's reach from them. Now, there's nothing like a face-to-face conversation, folks, all right? I get that, I get it all. But I imagine that that's a little bit of old school rhetoric saying get everybody back to work. Citadel was one of the earliest that got him back there. For the youngest members, he's gravely concerned that the loss of early career development opportunities is going to cost Dealey for the decades to come. Folks, that's just not the case of what's going on. If you talk to other CEOs, they live in fear of how we'll be publicly persecuted from delivering the straightforward message, it's time to go back to work, not what I would agree with as well. Don't be afraid to push back on that type of rhetoric, folks. The world has changed. People have figured out that you can do your work from home and you're going to start to see a little bit of a pushback as companies just want those employees back regardless. All right, folks, thanks so much for tuning in. Stay tuned. We got Basil coming up at 10 o'clock. Remember, we got Larry at 11 o'clock Eastern time. Kevin Hicks, Fast Market, coming up at noon. They're going to be talking a little bit of constellation. They'll be talking some Microsoft, some of the other companies who've pulled back as well. Steve Rhodes at one, Dave White at two o'clock at the power trading hour. Tom O'Brien, my dad wraps it up live from three till four. Thanks for starting your day with me, folks. Stay tuned for Basil. He's up right now.