Good evening one and all and as we all understand as a professional and any responsible citizen that how important it is to pay the tax but at the same time if one can legitimately save the taxes yes there couldn't be a better way and they say that everybody anybody who is a professional knows the nuances how one can do the best in that particular field and if you have a professional like a chartered accountant Mr. Rajeev Arora who also when he feels that I was talking to him that as a chartered accountant what he feels he says that professionally man can all grow but the best way is that if you keep on sharing your knowledge and disseminating and that to free of cost to understand and empowering not only professionally and otherwise on various aspects he started a YouTube channel by the name of CA plus wherein he takes short snippets as well as the bird I view to understand for a common man in a simplest manner as how can things be kept forward in the financial aspects those who want they can connect with that channel they can also like and subscribe but as far as our journey of beyond law is concerned we have been empowering everyone so that they can as the names suggest that beyond law also we take sessions and top income tax saving tips if one could understand it's good for any professional to understand for any citizen it is important to understand one should save tax which can be legitimately be done and why not it should be done and that's why they say that a slight advice from any professional would always carry forward so to understand the what could be the top secrets top ideas with which one can save income tax and since everybody wants to pay back to the nation also it contributes for the healthy growth of a nation as a responsible citizen we should also pay income tax but in an estimate manner rightful manner so it is good for the citizen as well as for the country without taking much time I will request Mr. Rajeev Arora who fortuitously is also from Chandigarh and he's been my class fellow in a law that makes us to probably think that we are on a common page to take ideas forward over to Mr. Rajeev thank you because thanks for the introduction and now straight away good evening friends and straight away I'm coming to the topic itself the topic which has been today is how to save taxes income taxes all of the us are earning income and there are a lot of taxes which are there itself so we want to pay minimum of taxes and today and now it's the tag end of the year 31st March is approaching or hums up the up the savings like at the starting of the year we have committed to our employers or whatever we have earned in the financial year we only can save during that particular financial year we have saved in that particular financial year we can save for benefit taxation so before starting I will first start with the how to save taxes but firstly income tax there was a old regime of taxation and now there is a new regime of taxation in the old regime earlier the slavery for individuals below 60 years was 2.5 lakhs of rupees and for senior children it was 3 lakhs and for super senior children who was above 80 years it was 5 lakhs of rupees and from 2.5 lakhs to 5 lakhs there was a taxation of 5% and above 5 lakhs it was 10% 20% and subsequently it was 30% recently 2 years back income tax introduced a new regime of taxation where earlier in the earlier regime there was around 120 type of deductions or exemptions which were available so now income tax reduced it to around 50 and they have done away with some 50 exemptions or deductions in the new regime so in the new regime apparently they have kept a new regime open and in the new regime the taxation is up to 2.5 lakh it is 5% then subsequently 2.5 to 5 lakh it was 2.5 7.5 then 10 then subsequently 12.5 and 15 and it goes on so now the first question and for salary earner and individuals who are individuals not having business income they have an option at the when they are finding their ITRs they have an option either to select the taxation that they want to select the old regime or the new regime of the taxation so if they go to the old regime then they can take the benefits all the benefits of section under Chilur 6A like ATC can take the benefits of HR, standard deductions, home loan interest can take the benefits of it so they can take all the benefits which were available in the earlier regime but in case they select the option under the new regime then what is there is that most of the deductions, standard deductions, HR, LTA have been done away with that means their taxation is lower there but they cannot claim any type of deductions now the important point in this in the minds of many people is that I go to the old regime or the new regime the income tax has allowed you, it started from year 2021 and now two years have passed now this is the third year which will be closing the time so you can for salaried person or any person pensioners they have an option to select every year they can change either they can opt for the old regime or they can come into a new regime but for business people it has been allowed once in their lifetime for example if a businessman has opted from old regime to a new regime then subsequently he wants that I should come back to the old regime so once in a lifetime only he can come select the option of changing the old regime or a new regime but he cannot select it every year so the first and the foremost thing which everybody has to look into is whether I can do it myself or I can take the help of some taxation experts the first thing I have to look into is when my taxation ends in a year then I have a benefit in the old regime or the new regime if you personally ask me if you have any type of LTC deductions and you actually have a benefit in rent and accommodation if you have an LTA or you have a home loan then the old regime is better for you so the first and foremost point is you have to decide if you want to go to the old regime or the new regime now the second important point is that the important point is that all the people, if they have a family member like in most cases what is the husband if he is earning then he transfers the wife to the money thinking that I have transferred the wife to 10 or 15 lakhs or transferred it in the name of the children and my liability comes over it's wrong what happens is that under section 64 there is a clubbing provision which is applicable although you transfer the wife or your children to the money which is totally exempt from tax but in that case because you have transferred the wife to the money in that case because of the clubbing provision if you have given the wife 10 lakhs and assume that your interest is 8000-880 thousand in that case the income of the wife will not be considered the income of the child will be considered and even the money you have transferred to the children the income of the child will not be considered as your income so you have to keep in mind that when you are transferring the money to your wife or your children then you have to take care of the clubbing provision so here I will suggest a better remedy is if you are transferring the money to the wife or the children then you have to invest in such instruments which are tax free for example PPS PPS has totally exempted interest from tax if you transfer the wife to 10 lakhs and the wife is transferred to PPS and the interest of PPS is exempt from tax similarly there are tax free bonds of the government which they come out so if you invest in that then there is no tax line on the income that is why you can shift your liability to them or you can also do that if your children are minor then you can do such an investment and when they are major then it will be like a policy when you invest in such financial instrument when they are major then there will be taxation on that amount so in that case when they are major then the taxation will be in their hands not yours so this is the one of the legitimate way of saving the tax now there is another important point that many people are like this who live with their parents in their homes so in that case there are solid other persons but they stay with their parents because of the joint family culture they live with their parents now in that case the house is owned by their parents but in that case if you have an agreement with your parents if your house is in the name of your father and if you have an agreement with that house and you pay your father on account then in that case you can take the benefit of HR because you have been a salary donor you get rent so you can take the benefit of HR but the thing to pay special attention to is that you have to transfer your father or mother to transfer your rent and the second thing you have to ensure that at the end of the year whatever your father or mother has has become an income assume that you have transferred your father to 5 lakhs now 5 lakhs in that will not be considered as your father or mother's income in that they will get the benefit of 30% of the difference maintenance so that means from 5 lakhs 30% is less so their income will stay for 3.5 lakhs so they have to pay 3.5 lakhs so if they are senior citizens so 3 lakhs is the same exemption and they can take the benefit and if they get minimum tax or if they save 80% then they will not get tax so this way you can claim the exemption of HR and your parents in that taxation you can actually show your income and take the benefit apart from this the 4 most important things you can do is you can take the benefit of deductions under 80% now in schedule 6A there are a lot of deductions which are available and I have seen that a lot of people do not get the benefit and one of the most important points before starting the deductions is that a lot of people do this for example husband is earning and wife is not earning they do not file even the returns or wife does small work or wife does small work or wife does home coaching they think that wife is less than 3.5 lakhs or 3.5 lakhs so why should I pay taxes on that it is wrong if husband pays tax on his IDR similarly I will also suggest that your wife even if she is doing some sort of work at home you should file her return what will be the benefit of that when you take home loan or you are going out normally your IDR is asked for husband and wife in that case if you are paying income tax then it is easy to get a visa and if your home loan is getting 40 lakhs because of this you can make it your visibility can be a little more it can be 60 lakhs or 60 lakhs so this is also I will always suggest to my clients that if you do not pay wife's return or your major children and she is not doing much but file the return so now I am coming back to the schedule 6A deductions now ATC all of us are aware that under ATC I get 1.5 lakh exemption now under ATC which sources are there under which I can take benefit of ATC the most important is PPM on which today's rate is 8.1% rate of interest and it is completely tax free similarly PPM is your employer 12% is your salary and 12% that contributes but you also feel that you also want to open a parallel account so you can open PPM account separately with a post office or any bank and in that you can take benefit of ATC in addition your national pension scheme which recently government introduced and if you do that then you can also cover it in ATC similarly Kisan Vikas Phattar and this National Saving Certificates if you do our investment then you can take benefit of ATC similarly you could be linked insurance plans and in addition if you have 2 children then 2 child tuition fees now here a question which many people have they confuse tuition fees in the school or college with the tuition fees which they are paying to the outside academies in comparison the tuition fees which you give to college or school or the recognized institution you can pay the tuition fees in exemption for example at the beginning of the year I have used building fund or some other activities in the name of school or college money or transport charges you cannot take those in tuition fees so purely and purely tuition fees which you pay on a monthly basis is allowed as a reduction under section ATC similarly the deposits of 5 year post office like in bank now what has happened I am not investing in many instruments because some are market linked instruments and in some you feel that probably more or less and you have a flavor for fixed deposit so what you can do you can use any bank in nationalized bank or private bank there is a separate scheme in which you can take benefit of 1.5 lakh rupees under ATC or by opening up 5 year so the benefit is that for 5 years your rate of interest has been fixed and from here you have fulfilled your benefit in ATC so apart from this there is a senior citizen scheme in which senior citizens if they invest they can also be covered under ATC apart from this there is another important thing Sukanya Smriti scheme and she is below 10 years of age so you can open up Sukanya Smriti account which has an attractive rate of interest and that scheme is valid up to the gun marriage after 18 plus the scheme is valid up to that and for 21 years is the maximum of this particular scheme so under this scheme if you invest you can take benefit so this is broadly the sections which I have discussed under ATC but I have seen that in many cases people don't fulfill their ATC limit so my suggestion is that if you are first you have to see that you fulfill ATC limit and if I put money in equity link saving schemes mutual funds in many cases people are at the fag end means in february when they have to give their investment at the same time they put money in equity link saving schemes mutual funds so my suggestion is if you know that in the beginning of the year you have to put 1.5 lakh in ATC and your P.F. and 70,000 is the shortfall so instead of money you can put money in SIP mode so what is the benefit of that which I have separately put lot of videos on my youtube channel CA plus in this regard if you put money systematically then you won't be able to market time but you will be able to keep the average amount of money so you will always benefit in long term so if you put money in equity link saving scheme then it is covered in the section ATC now broadly we have discussed about the form I have to select in order in new regime if I have to transfer money then how to provide the global provisions another important aspect now I have discussed about ATC another important aspect is that when major children are your major source of saving the taxes how is that? if your children are 18 plus years age so that means they can file the return separately and they are not dependent on you they are earning somewhere and in the beginning their taxation slams are not that high so in that case whatever amount you give them suppose you have gifted them 15 lakhs then there is no provision of gift tax because they come in a relative definition and that 15 lakh if you invest in FD then you are already in the 30% bracket so whatever interest you get you will get 30% taxation but your children are in late taxation or in 10% taxation you have transferred them to 15 lakhs then assume 7-8% or 7% then assume 1.5 lakhs then they will be in their interest and if they are in lower or nil slams then you will get 20% taxation so keep in mind that your major children are also your major source of saving of your taxes so many times people discuss how we should not pay taxes I said you pay taxes because in today's date whether you are investing whether you are buying property everything of yours is valid that means the more information you have the more information you have so better do not avoid your tax because today is not the time to that you have invested in them and you did not pay taxes today is the time when you save your tax but whatever your tax is you have to do it because recently we used to download information from 26AS which had a limited approach that if I have a tax cut then it comes to 26AS since last year we have introduced AIS AIS is annual information summary and AIS is transaction information statement so what happened in that case that my every transaction detail whether it is previous or not it is available to the government my saving accounts my sale of purchase in mutual funds my property sale of purchase I have made foreign investments where I have done foreign travel all those information is available with the government so better to declare everything whatever is in black and white now an important question comes in the minds of many people and they say what is black and what is black because when we keep our money in our wallet we keep it somewhere whether it is white or black so I will answer one question if you whatever is money in your pocket or in your bank account if you are able to prove that this money has been earned from legitimate sources or I have paid all the tax that is a white money if you are not able to prove in your account that is a black money so simply as a layman if you are able to prove that money in my account if I am able to prove from where this money has come it is a white money otherwise it can be treated as a black money or it is a black money I cannot put anything now coming to the next deduction 80D now in 80D if I pay any premium for health insurance whether for my spouse for my dependent children or on my own if I take any medical policy then for 25,000 rupees I can take the benefit of 80D and if I have my dependent parents whose medical expenditure or their medical policies or premiums I am paying so that separately I can claim 50,000 that means for my parents who are senior citizens 50,000 for medical expenditure or premium and 25,000 for me, my spouse and my children so that means 75,000 I can claim under section 80D now there is one more important thing which most of the people miss out and we separately guide our clients on that particular issue if my premium for insurance comes at 15,000 then in that case I do not have a limit of 25,000 so I can separately claim 5000 rupees under preventive health care the government says that if in a year by 5000 for your health test or for doctor's visit or for medicine by 5000 under preventive health care you can claim under section 80D and 90% of the clients who come to us for the first time I have seen that they do not claim this deduction if you have never claimed this deduction then I will suggest at least 5,000 then take benefit if you come in the 30% bracket then you are semi-egyptmatically now one more important question which comes in the mind which the government recently introduced that under 80D senior citizens if they do not take medical policy because they do not give medical policy company then if they spend 50,000 rupees on medical treatment then they get 50,000 in 80D now here many senior citizens have come to me that we have done medical expenditure but if you read that section then 3 conditions have been imposed number one condition that the medical expenditure that you have done it has to be prescribed by the doctor the doctor has prescribed your treatment which is the treatment secondly, whatever you will do it has to be through electronic mode means cash payment is not allowed now many of our clients which I have discussed they say that the doctor asked for 50,000 we have paid 50,000 and there is nothing wrong so you will not get the benefit of 80D first doctor prescription secondly it has to be through electronic mode you can do IMPS you can do NIFT or payment gateway but cash is not allowed thirdly you should have proper record of bills for those expenditure if you meet these 3 conditions and senior citizens then you can take the benefit of 80D you can take the benefit of 80D now coming to the important section is another section is ATCCD what is in this that before the government gave me the benefit of 80C now the government has said that the national pension because the government saw that we cannot give all the pension and the pension the government slowly cut it so the government said if you are an employee and you pay 50,000 for NPS then you will get 50,000 for NPS and similarly employer can contribute separately to the NPS fund so in this section if you are ATCCD separately your benefit for national pension scheme you can choose any fund there are a lot of fund managers fund houses like ICC Bank, HDFC government banks you can put it in and take the benefit another important section is ATE what is in ATE what is in ATE for example I have children and sometimes a lot of people after a few years they take a break and they go for a higher study either abroad or within India and for that to upgrade themselves or their children go out or they study in good colleges and universities if the education is costly they cannot afford to pay from their own in that case they approach a particular bank to take a loan for the educational purpose and I will share if you pay 7.5 Lakhs loan from any bank then bank cannot help you they don't want to and if you pay 7.5 Lakhs loan from an education loan then bank can ask for a full letter so now whatever interest you have whether for the education of self or spouse or your dependent children then you can take the benefit of that section in ATE separately if you think you have to spend on your children's education I will suggest by to block your funds take a loan from a bank and take the benefit of your interest in ATE if you are in 30% debt and you are getting 8.5% or 8.5% money then technically you have saved from 2.4 Lakhs then you have got approximately 5.60% which is good for the FD rate of interest now one more important section ATE DD ATE DD is medical treatment for any person who is dependent upon you and who is handicapped you can take the benefit of ATE DD if it is 40% disability then in that case you can take the benefit of ATE DD and if it is 80% and above disability then you can take 1.25 Lakhs under ATE DD so in many cases we have seen there are some persons who have some disability but people have forgotten to take the benefit of ATE DD under ATE DD in that case you need a disability certificate whether you have incurred or not incurred an expenditure that does not matter apart from that an important section is ATE DD B in that case medical treatment for specified diseases in that there are certain technical diseases because I am not from the medical profession so there are some technical diseases which are available with the income tax one of them is a major neuro disease or some type of cancer if that type of disease is there then you can take the benefit of ATE DD under this section or if the person who are finding their return their senior surgeons or their parents are senior surgeons they can take the benefit up to 1 Lakh of rupees in this particular section although we cannot avoid that disease so I am not here suggesting you take the undue benefit but the disease is there and you have to spend on it in this section your income tax has allowed you to take a benefit if the income tax has allowed and if a particular disease is there then why not take a benefit now another important section where probably I have already discussed HRR there are many people who live in rented accommodation if you are living in rented accommodation and there are many clients so the owner says that you can pay in cash rent so here I will suggest that if you are a salaried person and you want to pay in the benefits under HRR then make a proper rent agreement or pay on account but now I have discussed about the salaried person or the calculers who are picking salary and who are separately having the benefit of HRR doing basic HRR and getting separately HRR now I am coming to the point that some people are like this who are self-employed professionals or who are into business but they also live in rented accommodation so they don't have any HRR so for them there is a separate section the double G in which the government says that if you get your salary then you get it in LAMSAM some people get it in LAMSAM some people get it in LAMSAM some people get it in LAMSAM some people are self-employed they are in business but they live in rented accommodation so there in the double G a separate benefit 5,000 per month you can get the benefit so in total you can get the benefit this is a particular exemption which I have seen lot of self-employed people or small businessmen or even the people who are working in the organization where you get LAMSAM salary so you can get the benefit of this section now there is a lot of people after the COVID and coming into place people have become health conscious or they feel that all the money I am doing by myself so I should become more religious or I should be given some charity so this is a thought which I have seen lot of people's mind have come it up life is too short we should do something other than ourselves so there is a section which is available what can you do if there are some institutions where the APG has 100% reduction some have 50% so that this is available with the income tax or you can consult any professional so if you invest in them and ensure that you check the payment on account or get a proper seal or the APG to whether they are just eligible to be such type of a seal under section APG and in that case 50% in some organizations 100% so if you do the reduction then you can get the benefit of the APG under this section similarly section government introduced section APGGC which is a section where you can donate to political parties if somebody has a some soft burner for the political parties and you also want to donate something there so in APGGC you can donate separately to the political parties and the payment has to be through county check this is the broadly type of deductions apart from this there are a lot of other deductions which are available which are applicable to business people so here I am today not discussing about that so today I am purely and truly concentrating myself on the individuals and the accused and this other way and because I have few points more left data another important aspect is income from agriculture now a lot of people have income from agriculture so what they do is now a notion has come that agriculture income is an example of that so probably here I would like to clarify purely if you have agriculture income then that is an example but if I am doing dairy or forming or I am doing something else which are agree related activities but not directly agriculture then taxation is proper so what I have seen is when few of client approaches said sir my agriculture income will not be taxed sir this statement is partly correct if my income is 5 lakh then I come to 5% slab but my agriculture income is exempt from tax which is 5 lakh so in that case although I do not have tax on agriculture income but the non-agriculture income was 5% slab but now after adding agriculture income I will come under 20% slab technically I did not have tax on agriculture income but my slab rate has changed so you have to keep this in mind if you have pure agriculture income then you will not get tax but if your agriculture and non-agriculture income is there then your slab rate can be changed so keep this in mind another important point which I am going to discuss about is actually now many Hindus 6 and Jains Hindu and divided family on this separately how is the formation process I have separately put a video in my youtube channel in this regard but here I am going to discuss if you have an ancestral property and you have a rental income on that many people have seen that their fathers, their forefathers were visionaries and in some cities they have taken 2-3 properties in which we have a good rental income now that rental income when you are under 30% slab and that rental income even if you add 30% in your slab then you get 30% taxation so in actual you can form an actual as soon as a person is married automatically an actual is formed Hindu, Jain or 6 if a person gets married then he can form an actual after that they can also add to the actual till they are unmarried so you can form an actual separately you can apply the plan card separately and as soon as you have your slabs you can give the benefit of slabs so that means this is a legitimate way of reducing your tax so the benefit that you take in your spouse the benefit that you can take in your at your account after that income from house property what used to happen that broadly on one house was treated as a self occupied now you can treat up to 2 houses as a self occupied if you have 4 houses then you can select 2 houses as a self occupied earlier it was 1 house now the other 2 houses you get the concept of deemed let out but in my career I saw that 99% of people do not show the concept of deemed let out now I will clarify that even if you get a rent if you get a rent then you can have a proper rent and pay 30% benefit but if you do not get a tax then you get deemed let out so you have to keep in mind that if you are buying a home loan then if you and your spouse both are taking working and both have taxable income and both are buying a home loan then you get an interest benefit of 2 lakh rupees under section 24 of the income accept claim that means if you have bought a home loan if you do not have a vision then you can buy a maximum of 2 lakh rupees but you and your wife have a corner but one thing to keep in mind that if you and your wife have a corner then try to go half EMI from your house and half EMI from your wife's house otherwise if you have bought a home loan or you have bought a property and the entire money is transferred from your house then if a case comes to scrutiny income tax will not consider it up and they will consider the whole property as your property and one more important point which wanted to discuss about is in the taxation part itself and the sale of the property now a lot of people do the sale of the property and in one mind I have seen a lot of people avoid this so I am telling you there are 30 lakhs so any registry the information goes to the income tax whether you tell or not and 50 lakhs if you are selling the property then the taxation is also an implication so what is seen in this is that if you have done the house sale you within one year before and two years after the sale you invest in the new house and whatever your capital gain is made you can save it legitimately but believe me you say that I did not like the house and you want to make the house want to construct the house so you can invest within three years to avoid the capital gain now if you have kept the property up for two years then you will get a long term capital gain tax if after the property is sold within two years then you will get a short term capital gain tax so you will get the benefits of indexation so you have to keep this in mind that a lot of people say that they do not want to buy the property so for them they can invest in capital gain bonds now on capital gain bonds the rate of interest is RECKB bond, NHIKB bonds up to 40 lakhs per person now if you invest money in capital gain bond believe me I have sold 50 lakhs of the property and sold 50 lakhs so I have gained 1 crore of the capital now I will invest 1 crore in the new property here I will invest 50 lakhs in the capital gain bond so in the capital gain bond 5.75% of the interest and 5 years of locking now a lot of people discuss that 5.75% is a big time and 5.75% is more so I am getting 25% in the FD so I tell them that 20% of the tax you saved is above 40 lakhs that too is 10 lakhs you will add that in the interest so technically you will get 8-9% of the interest which you saved in 3-4% tax and 5.75% in the FD so this is the legitimate way to buy a new property so this broadly I have tried to discuss about the different sections of the income tax act broadly briefly I have touched upon if we go on discussing each and each topic we can go at length for 1 hour in detail on each and every topic but I have briefly tried to discuss about broadly in the case where we can save tax but if you have any questions you can always reach to me I am based out of Chandigarh so you can always reach to me over phone or anywhere and this was because from my side and if some query is there, question is there I was just checking it out because we had gone live on the YouTube there was only one query on the how to save from the agriculture part that you have already saved because largely that motion is there and as a bird eye view you have given everything and the rest of the sessions will be on YouTube and will continue to come with you and will continue to give knowledge so thank you friends and enjoy your weekend and thank you Mr. Rajeev for sharing your knowledge I hope that people will save tax better or that is the key mantra for today's session thank you


The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good Friday morning, everybody. I'm Tommy O'Brien, company live from TFNN, nine a.m. Eastern time Friday morning. We got about 24 minutes to go until the start of trading and you got markets in positive territory just off the highs though. Little bit of a sell-off in the last 20 minutes to about 10 points in the S&Ps. You're still positive by about three quarters percent as we come into the open, quite a week to the upside so far. NASDAQ 100, you're positive by almost a full percent, 12,440. You got Amazon higher today. We'll jump over to some of the other fang stocks in a moment. Dow up 2.3% right now, the Russell up about 1% as well. Bitcoin, you talk about a run man, Bitcoin's over 21,000. So much for an 18,000 handle on Bitcoin. Bitcoin up almost 1,800 bucks technically in the session. Weekends always providing potential volatility and crypto and how about crude? So much for getting an 79 handle. Just like that, we're back to 86 bucks from 81. And folks, you're talking about, that was barely 24 hours ago. That was five in the morning on Thursday. It's Friday, five in the morning yesterday. Crude was pushing $81 this morning. We're pushing 86, volatility not out of that market just yet. We got some action and currencies as I'm always talking about, right? Let's jump over to the dollar before we wrap into everything else going on. DXY, that's a back off from almost 111 on Wednesday. Yesterday you chopped around 110. We hit a low of 108.36. You're still well off where we closed out yesterday's action in terms of from 109.64 down to about 109 right now on the dollar index. Now I mentioned that as we go back to the gold contract, you get the dollar pulling back. We have gold accelerating higher. Gold gives back some of those gains. You're still up about $10. And look at where we are on this gold chart, folks. You gotta go back almost five years to get a full context of the run we had higher from 11.67 in 2018. I've pulled it up many times. But if you're trading gold, I would be taking a look at it on a grand scale, depending on when you're holding it, right? If you're trading it in today, I wouldn't be looking at a five year chart. But if you're planning on holding gold for a considerable period of any time, you're right in an area of support in gold that's going back basically to June of 2020. You're talking about more than two years on gold. That also correlates to an area right near the 382 of the entire run higher from 11.67 to 2089. You're chopping around in that area. And where did we just bounce from? 1700. Now, here's what I'll say is if you're in gold and you break below 1700, that's gonna be an area where we basically accelerate. I mean, that's coming into the COVID volatility of 2020. You see that we came into COVID at about 1700, dropped with every other asset to about 1450. The only reason I hesitate, because I like this low in gold from a risk reward perspective, is that to drive gold that much further, you would have to see the continuing trends in the dollar index. Okay, now look at that dollar index over that time. Look at that dollar index compared to where we were. You look at gold priced in dollars and it's been in a consolidation for the betterment of what? What did I just say? Two years. Well, you back things up to the dollar index. The dollar index on that same area when gold first crossed into that $1,700 area coming out of COVID, here's your COVID volatility in the dollar index. Dollar index was at about 100. You dive down to 90 and now you're at 110. Meanwhile, gold can't get any action during that time at all as it bounces around. Now you jump over to the Euro-US dollar. We're back above parity, but here's the thing. Now, we don't need to go that large on the Euro-US dollar. Just putting this thing on a year, going back to where the slide really began at the beginning of the year. Boy, here's what I'll say about this one. We're bumping into the upper boundary line. Look where we just tested, folks, okay? I'm even gonna drill it down even further. Look at how close we are to that upper trend line. You're talking about a trend line that maybe sits at 101 and we got 102 actually and we got to 101. Quite a pop from where we were at 98, but that's gonna show you how close we are to that line. And let me put it back to a daily because, boy, if I was a buyer of the Euro right now and I saw that bumping into that upper trend line, folks, you're talking about since March, okay? And you're talking about a parallel line to the nice trend that this has going to the downside that has been intact for the better part of what? Eight months, seven months, something like that. And we've bounced off that top portion four separate times pretty consistently. Yeah, you can get slightly above it, okay? Now you take a look at the pound-US dollar. Similar and none of this having to do really with the Queen folks, even though of course there'd be some people talking about it, but look at the difference in the pound. Okay, now, not parallel lines. Okay, I was playing with this even last night. Let me back this up. And what I did was I extended left, I extended right, okay? Let's cancel the left extension and cancel the left extension of this one. Well, let's extend that one even further because it does kind of match up with where we came in from November of last year, okay? But even if you just zoom in on the action, just like we did on the Euro from the beginning of this year, okay, the last seven months, pretty well-defined channel line, but check out the pound. Pound bouncing near the bottom of the channel line. Meanwhile, you get the Euro, right? Bouncing off the top of that channel line. What does that mean? Well, maybe the pound reaching a point that it has been overextended to the downside. And maybe that means the Euro is overextended to the upside right now. And the Euro has no business being a parody when it could be on its way lower to 95 or something like that. Meanwhile, the pound might be catching up is all. I mean, look where the Euro is. The Euro right now is at 100, okay? Basically parody. And that is where we were July 14th. We're talking about two months. It's amazing how time flies, folks. And I'm going over these currencies because this is gonna drive a lot of the action. The currencies you could say are driven by yields. Yields in some way driven by currencies. The market impacted by all of that, of course. So the Euro right back to July 14th, pound US dollar, still not even back there, okay? So the pound is still weaker than the Euro over the period of about the last two months as the pound needs to get back to 118 just to be on par with where the Euro is trading, okay? So keep those in mind. Those channel lines, man, they're showing up. They're pretty distinct. Both of them in pretty distinct channel lines downward. That is the macro take, okay? Until the dollar breaks out of one of those, the trend is downward in a big way. Lower lows, lower highs, it's a pretty decent range. When you're talking about bounces on the pound dollar, you just go to the top of this range. You're talking about pushing 118, 120, depending on how long it takes you. And the Euro US dollar, okay? Maybe the Euro US dollar doesn't deserve to be holding up as well over the last two months, right? It actually has performed pretty well as you got quite a little bounce there from when you were a parody on July 14th, almost made it up to 104. You're sitting at parody it again. So you're at the upper boundary line. It'd be interesting to see what happens here as you bump into parody 101. I mean, is the Euro really gonna break out of this right now? They just hydrates the ECB did and they're expected. So they hydrate 75 basis points, right? When I was reading the articles yesterday, economists are expecting that they're gonna go to 1.5%, which will be the neutral rate. That's only one more 75 basis point hike. They're already dealing with a slowing down economy. And is that gonna tame the inflation that's giving them so many problems as well? I don't know. And can they go further? That seems like a tough one as well. Meanwhile, you get the Fed, they're hiking 75 basis points meeting after meeting after meeting and the chairman's being as strong as he can with his words as in how does the Euro catch a bid right now? Some point in the future, folks, you know, three, six months, nine months, depending if the US gets things under control and they can stop hiking and maybe potentially even move forward to a cut, but not just yet. S&Ps up 30, we'll be right back, folks. 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We get the S&Ps right now up about 31 points. NASDAQ 100 up by 129. Quite a pop across the board. This is the third day, I believe, that we're talking about higher prices right now. S&Ps, you were pushing 38.83, just like that. We're 150 points or more higher from that level at 4,037 as we commit to next week. So we get CPI data next week. We got a Fed the week after that. It just doesn't, it's all gonna be on that CPI right now and then it's gonna point to getting ahead of the Fed and we'll see what happens. Now today, folks, we got a couple of schedule changes. We're gonna have live programming all day to make sure that we can make that happen. What we have going on is that Larry was unable to be in his hour, so we've moved him around. So he's actually gonna be next, covering for Basel Chapman. So Larry Pezzavento is gonna be live from 10 to 11. Our man, Jacob Schoop, he is gonna be covering for Larry from 11 till 12. 12 o'clock, we have fast market live as we normally do. We have Steve Rhodes out as well. So he was out at 11 and Larry is usually on at one, which he can't make because he has an obligation. They couldn't get out of today. So we have our man, Dave White, covering at one o'clock and he'll do two hours live from one till three. So Larry's coming up next at 10. Jacob's gonna be live at 11, fast market at 12. Dave White live from one till three and my dad, Tom O'Brien wraps up the week from three till four. So get it on your calendar, stay tuned. Should be an interesting Friday because we're talking about CPI data next week. We've gotten quite a lift here.  You popped up to 4,020 and we closed out the week at almost 3,900. Everybody's gonna remember that of last Friday. So keep your fingers fast, man, on today. Okay, let's jump around to some of the stories. This one caught my eye for sure. Bank of America says an appalling mood fuels $11 billion US stocks exodus. Whatever the mood is, the numbers do not lie in terms of some of the outflows going on right now. Inflation, war, and tightening among headwinds for risk assets. I would say so, folks. Bank of America's own bull and bear indicator falls back to zero. So the nation's stock funds had outflows of 10.9 billion in the week to September 7th. That's global data cited by the bank. The biggest exodus in 11 weeks led by tech stocks which saw withdrawals of 1.8. Global equity funds had outflows of 14.5. 6.1 billion was poured into government and treasury bonds. Now this is in the week to September 7th. So I don't know, does this go Wednesday to Wednesday? I guess it might, right? Strategists pointed to rising inflation, the war, and the increase in cost of money as being among factors driving investors away from stocks fueling volatility and credit events such as the rate investors pay to hedge positions in two-year German paper, not quite pepper, soaring to the most in data going back to June of 2008. Excuse me, rises for the first time, week after slumping for the last three. Now, just to zoom things back here, folks, okay? This was through September 7th, all right? This is September 7th's day. But boy, you put this thing on a daily. And you zoom, September 6th and September 7th was the low. So yeah, we had a lot of outflows there. Maybe the selling has subsided for the moment, which is a lot of the markets to lift from 3,900 to 4,036. I mean, that's almost a 3% pop over the last three days. But boy, we've extended so far down, okay? What I'm actually gonna do is I'm gonna say how much of a bounce are we getting here if this is just a bounce within a lower trend? Taking a look at the Fibonacci, we are very close to approaching the 382, man. 382 is about 4,053, and the 618 gets us to about 4158. But we're coming right into that 382. So all we've done is we've just bounced folks over the last three days less than the .382, where this market went over a period of August 16th to about September 6th. As in, not quite a strong indicator yet. We'll see what happens at some of these Fibonacci levels. Very tough to imagine that this market is gonna soar higher, folks, with where the Fed is. How many data points do you think the Fed needs before you really hear some strong language with Chairman Powell that he's confident his inflation is under control? I can't elaborate on that in my head because I can't figure out the amount of data that we're gonna need where you're really gonna see a monumental shift. The first pause would be a market moving event to say the least, as in even an indication that they're considering pausing to allow the moves that they've made to play out, which may take an extended time, but that's not even close. We're gonna get a hint of it on CPI. I'm not sure that I'd wanna be buying into the CPI number when we're sitting at 4,035, because no matter what it comes with, folks, that data is not gonna do it. So if you force the Chairman, in my opinion, to make a speech right after we get the CPI data, almost no matter what it is, now I'll always say almost, folks, because anything can happen. We've had energy prices going down, right? We're gonna get CPI. It was a pretty decent month for energy prices. The market knows this though, okay? But it was a pretty decent month for energy prices. Just zooming in on the daily. Let's see where we kicked off. We kicked off August at about $98. Hard to remember. You started off August, folks. This is where CPI is gonna matter, okay? You started it off at 100 bucks. It's gonna be comparing itself month over month to where we were in July. Well, July. July you started off at 110. So it started off at 110 in July, talking about crude. Finished the month off at about 100. Compare that to what's gonna be in August. August you started crude off at 100 and you chopped around between about 87 and 100 for the month. So that's decent prices. And guess what? You're gonna see that continuing trend, because we're already one third of the way through the month of September and crude and energy prices are probably gonna help us out again, because we kicked off the month at 100 bucks again and we're chopping around at 85, even getting that bounce right now. But the disclaimer, okay? Energy prices are gonna help. But you're gonna be seeing numbers that even on a core basis are probably pushing 4.5, 4.8. Does anybody know in the den what the expectations are right now? Generally for the market, whether it's the headline number or you're talking about the core number, they're gonna be nowhere near what the Fed needs to be indicative of inflation being under control. And that's the thing you wanna keep on your radar in a big way. So we'll see what happens. Jumping back to this article though, the numbers don't lie folks in terms of outflows. And I would agree, surprising that the market gave itself such a reprieve in between the chairman coming out of Jackson Hole, because all he said was they were gonna be data dependent. But you had a Fed chairman coming out saying they were gonna be data dependent when the CPI was saying 8.5%. That should have been the big sign over the chairman's shoulder when he was saying we're gonna be data dependent, saying, hey, everybody data dependent means we're at 8.5% CPI, but almost at basically a record at this time. Yeah, you better believe they're gonna bring it. Awesome, thank you, Dan. 8.1% and August, maybe 6%. Big numbers folks is what they'll be looking for. And that's right when we come back. So everybody, you know, they're gonna be getting their bets in place today. Added that number and we got less than four minutes to go until the opening bell. And all the markets, as I mentioned, nearing that 3.8.2 in terms of a bounce off the lows, right now you get the S&Ps up 6.10%. And let's jump around to some of those fang stocks. Amazon shares. Yeah, that's some decent lift. Giving back some of those gains though, Amazon's almost giving back a full dollar from where you were, 132 to 131. We check out Apple on their big week of an event. Pretty, pretty tame action right now. 155.46, you're up about a dollar. All the tech stocks higher as you get the NASDAQ 100 up about 8.10, Microsoft up 2 bucks. We got Tesla shares trading higher as well. Stay tuned folks, we'll be right back for the open. Glooming inflation, we are purchasing powers eroded. 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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 open. You got the S&P of 26 points. That's about two-thirds percent. NASDAQ 100, you're up by nine-tenths percent right now, the Dow up 167 points. You got the Russell up by 15. Bitcoin having quite a day, sitting at about 21,000 right now. You could say saving itself from that 18,360 mark. This solid blue line I have in this chart, folks, that goes back almost five years to December of 2017, which is where futures began trading when they went live on the CME December of 2017. And to put it in some context, if you weren't aware, there it is, folks. That's when futures start trading. Let's talk about the heck of a short, man. For the first time, you could trade Bitcoin in a regulated exchange, and they provide you the ability to short that on a regulated exchange. It dives from 20,000 to 3,000, but boy, that was the run up to 60 and 70,000 almost earlier about a year ago. And just like that, pretty interesting, right? This is a monthly, that monthly, just chopping around right now at that 21,000 price point, which is basically where futures started trading five years ago, five years ago, right? They say that crypto is in its infancy, but you see that time flies, folks. You know what I'm saying? I've said that two or three times already, this show. But it is interesting when you talk about that we're five years into it trading at 20,000. And remember, there was a big run up to 20,000. That's when it had the legitimacy to get traded on the CME, okay? So crypto, you're talking about almost a decade that we are approaching in crypto. And yeah, maybe you've reached a point where you consolidate, you give it all back over five years, and this is where you can build a base in Bitcoin at 20 or 21,000. At least you have your back to the wall. If you're in this thing and it trades below where you've been chopping around the last four months, I wouldn't be in it because there's nothing stopping this thing from going down to at least 14,000. If not, maybe coming back and testing the lows we had of about 4,200. Just not that long ago, folks. That's only the low COVID. You came into COVID at almost 10,000. No reason why this thing can't get cut in half again. If you're playing with crypto, just make sure you know what you're risking. There's nothing wrong with being in Bitcoin. There's nothing wrong with buying a full Bitcoin. If you know that that thing might go down to three or 4,000 or even 200 bucks, who knows? All right, we'll jump around. This article is from a couple of days ago, but want to touch on it briefly because I was talking about the Fed and so much to do with interest rates. So the market is pricing in 75 basis points for the September meeting to the tune of 69 out of the 75. So almost a full pricing of the basis point they're talking about. Now, this, I believe, was written on Wednesday. Not sure where that is sitting right now, but it's probably pretty close to the same ballpark. If they go 75, that's gonna put them, what? Just above 3%, I believe, in terms of where they'll be. The market thinks that they're probably gonna need to go to about four or four and a quarter percent. The increase in policy tightening expectations followed a solid jobs report last week. You got Loretta Mester repeated Wednesday. She thinks the US central bank needs to get rates above 4% by early 2023. You're not gonna get inflation back to 2% unless you create slack in the labor market and the jobs report still shows demand for labor is strong. I would agree with that. When you compare this to Europe folks, they just went to 75 basis points. They're gonna try to get to 1.5%, okay? We're gonna probably get to four or four and a quarter percent. And when you look at where we are, now the yellow line here is after the chairman made his post Jackson Hole speech, okay? Market was very, very accelerated in terms of how they're gonna hike. Well, look where you were September 7th. It's even higher. They're gonna bring it folks in terms of swaps pricing around an 80 chance, 80% chance of a 75 basis point move. They're gonna hike probably into March of 2023. And then you could see things fall off from there. But March of 2023 folks is six months away. And if we go to four and a quarter percent and we do that in the next six months and you have the ECB sitting at maybe 1.5% and how is that gonna behave on the ECB? As in, can they handle it like we can right now? Are their jobs gonna continue coming in as they face an even tougher inflation than we do?  I'm talking about the ECB, right? They have a real, real problem with inflation that puts our problem almost to shame, especially when you tie into the energy deal that they might be dealing with this winter that goes with it. I mentioned all of that because I've tied it back to the currency conversation we had, okay? Very difficult to imagine things swinging around just yet. Yeah, you're gonna have up and down swings, folks. I mean, if you're looking at this dollar, all right, that's a monthly, but let's just back things up on a three-year weekly. And let's just back it up from where we began the year, okay? Even looking at just what we've done over the last eight months or so, a three, eight, two retracement of this move could bring you right back down to where you were. Folks, that's only less than a month ago when the dollar was at 104.5, okay? Doesn't mean you're not gonna get that type of volatility that you could. But over the next three or six months, I see it very difficult for people to get away from the dollar when you have the Fed so intent and you have our economy able to handle things so much better than it appears that Europe will. And they are in a tough spot, man. And yeah, and that's where they find themselves in the market is reacting to that across the board. We jump over to the euro, US dollar, see how that's moving right now. Sitting basically at parity and if you missed the beginning of the program when I was talking, I mean, yeah, you can't deny that's bumping up against the upper trend line. Folks, pretty well-defined, a nice parallel line, upward, downward, it's almost 45 degrees to the downside, man. But the euro bumping up against that upper boundary line, meanwhile, you get the pound, okay? Maybe a little bit oversold. You could say catching up, the pound bouncing off almost the bottom of that channel line as it accelerated lower. You get the euro trading right where it was on July 14th, the pound well below that level. So, both of these can stay within their channel lines. And meanwhile, right now, you might have the ability for the pound to bounce a bit. Meanwhile, you got the euro trading a little bit lower off the top of its channel line. All right, let's check around, see how some of the fang stocks are open. And Amazon catches quite a little lift, up 1.4% for Amazon shares this morning. We jump over to Apple, up 410th percent. They give it back on the open a bit. Microsoft shares, there's a pop for you, up 1.4% at Google shares this morning up 1.1. Let's check out Metashares, 2% to the upside. Let's see how Kathy Wood, 2.7% to the upside for Kathy Wood. Some of these stocks, Zoom. Zoom catching a little bit of a lift, up 3.5%. Roku's been in trouble lately, but that's a lift up to 2.6%. She's got a big position in Teladoc, up 1.4%. She's got a lot of action in Tesla, up 1.6% as well. All right, let's see what else I had pulled up here to talk about. Yeah, this one is interesting in term of Bankman Freed, or fried, how do you, how do you say it, right? But he is buying 30% in Scaramucci Skybridge Capital. This guy's just putting money everywhere, man. FTX Ventures, that's his equity. Yeah, his venture capital unit was the expression I was talking about. So they're hosting conferences, they're doing it at the Bahamas. They're gonna use some of that money to buy $40 million worth of cryptos. He's really solidifying himself. Don't have to tell you, I'm sure if you're around. And so digital token exposure accounted for more than 800 million of the overall 2.5 billion in assets managed by Skybridge at the end of June. Not bad, man, managing 2.5 billion, and that's going pretty much all in, man. When you're talking about 35 to 40% of your multi-billion dollar asset management business based in crypto, it's not surprising that he might go into business there. All right, when we get back, we'll jump around to some of the companies they're making moves this morning. We got DocuSign out with their earnings, they're trading higher in a big way. We'll take a look. So the queen passed away yesterday. Pretty cool, she just took a picture three days ago. Check that out, she was looking great. 96 years old, we'll be right back, folks. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. We got the S&Ps right now. You're up 29 points. You get the NASDAQ 100 up 140. The Dow up 180 points right now. Jumping around. Taking a look at some of the stocks with action today, and you talk about action, man, a lot of upside on some of the stocks that even they were looking at on fast market yesterday. DocuSign, they have their numbers after the Bell Strong numbers, but you give back some of that. Right now you're up about 10%. You were as high as 68, 88. You give back about $5, but still decent numbers for DocuSign. Zscaler, out with their numbers climbing even higher. You're up 17% right now for Zscaler following their numbers yesterday. Pretty decent numbers across the board. And jumping back to Tesla. Whoops, excuse me. TSLA, Tesla up about 1.6%. Folks, if you head on over to the front page of TFNN, our man Larry Pezzavento, he is doing a live trading webinar a week from this coming Tuesday. So it's gonna be here before you know it, man. September 20th, he'll be doing that from 9 a.m. till 2 p.m. Eastern time, folks. Five hours live trading from a half hour before the market opens at 9 in the morning till 2 p.m. Larry doesn't really trade for the final two hours of the trading day. That's why it goes from 9 till 2. It will be archived if you can't attend all five hours. It will be archived just if you wanna watch it again. He'll be live trading as well as going over some of his methodology, talking about ABCDs, A to B, C to D, Fibonacci is of course, pattern recognition, trend change patterns, all of that in there. Check it out on the front page of TFNN. It's $295. You gain a month of his newsletter, Fibonacci 24.7, which knocks off almost 100 bucks in value. If you think about it that way, with $97 usually on the monthly price, for subscribers out there already, your next payment is included in going to Larry's webinar. So check it out on the front page, folks. It's a week from this coming Tuesday. And when you sign up for that, you gain immediate access to the newsletter. Your month doesn't start the day of the 20th. Your month starts right when you sign up, folks. And usually we give people that month all the way through the webinar. So you actually gain a few days of the newsletter if you sign up ahead of time, because we'll give people a month, we'll give them a month really starting on September 20th to make sure they have a month after the webinar. So if you sign up right now, you gain access to Fibonacci 24.7, and in 11 days from right now, you'll be in there for the live trading event on September 20th with our man, Larry Pezzavento. And as I mentioned, little bit of a time change on some of the programs, if you didn't hear that at the kickoff of the program, Larry is gonna be next from 10 a.m. till 11 o'clock, okay, so we moved a few people around. Larry, just for today, he's coming up, filling in for our man, Basil Chapman from 10 to 11. Our man, Jacob, is filling in from 11 till 12 because Steve is out. Fast markets on at 12 o'clock till one, and then our man, Dave White, is doing two hours from one till three, live, and Tom O'Brien, live from three till four. So live programming all day at TFNN. Okay, jumping back, just because I found this one interesting, folks, you gotta mix in some of life, because you can't just live the market all day.  If you have ever, if you have not checked out the program, The Crown on Netflix, folks, very cool historical series. I don't think I've wrapped even up all of it. I really go into season one. I think I've watched some of season two, but the historical perspective of how the Queen's life played out, especially in the early days of her life, even as a young child, very cool. And the way it was done, very well done from Netflix, I think they spent something like $200 million on that Crown series. I think I remember them saying her wedding dress alone, just in Netflix, cost them almost like $30,000 to have a replica of the dress that the Queen actually wore in terms of the details they put into that series. So if you're looking for some good historical, check it out. But pretty interesting, three days ago. She looked pretty good. An event for formally appointing trust in her new position as the prime minister there. And yeah, she looked pretty good. It's September 6th there and her final public picture and she passed away yesterday. So they got King Charles stepping in as the new head of state, as they would say. Monarchs, royalties, I don't get too into it, but that's their thing, England, of course. Okay, we jump around folks. Let's see what else we got pulled up in terms of stocks. Jumping down the line for some of the other stocks. Restoration hardware, so they're higher, okay? Now they're higher, because I was watching already. The luxury home was lower pre-market. They expect their quarter revenue to decline between 15 and 18% more than the market was looking for a 10% drop, excuse me. They were looking for a 10% drop, but there must be more of the story than that, man, because restoration's up 2.8%. And yeah, this thing has had quite a pullback, okay? So a lot of negativity priced in from where it consolidated for the better part of last year. You come back and give it all back from COVID and you're sitting at 269. You're up 3% on their numbers. We see how DocuSign opens, holding up about 8% on their numbers for DocuSign right now. And then what else do we have? Yeah, so Tesla, let's see how they are trading because they potentially may be getting into lithium, right? Up 1.8%, almost pushing 295, I mean, quite a run. This thing on Tuesday was trading at 265. And they're gonna consider building a lithium refinery for EV battery production in Texas. And that is due to a filing, I believe that that comes out. So the plant would be focused on the development of battery grade lithium hydroxide to be the first of its kind in North America. Construction could begin in the fourth quarter of this year. The project will reach commercial operations by the fourth quarter of 2024. Two years is what they're aiming for. They see the type of lead time, right? Just to be able to do that. Okay, what else do we have pulled up here? Yeah, that's it for right now. Let's jump around and see how some of the airlines are trading. I did have the article pulled up. All the markets, Ironman, S&P's up by 32. We got American up by about 1%, putting this thing back on a daily, even put it back for a three-year weekly to get the full context.  It's giving it all back. You're just chopping around it, almost pre-COVID lows, man, of $14. Excuse me, COVID lows for American. Delta right now, interesting delta, hovers around the 618 of the entire move it had. You're sitting at about 3247. And the article I did have pulled up here is that you have two house Democrats seeking a review of whether airlines use COVID bailout funds for staff buyouts, $54 billion in taxpayer aid prohibited them from laying off workers. They were urging those workers to take buyouts or offer extended leave of absence. And they're gonna press the airlines and whether they use the aid packages for buyouts. I don't know how that plays out. The one thing I will say is that, the paycheck protection program, and I don't think this is what they're talking about, but you get so much stuff just thrown at the wall. And no matter where you lie on politics, folks, that whole deal with the paycheck protection program and the loan forgiveness and how that's being brought out against the student aid forgiveness, even though I don't agree with that, but you could cut a knife through anything in terms of the disagreement that you could have on anything, but that program, specifically the paycheck protection program that all of everybody's catching hell for for those loans getting forgiven, that was the design of the program. It was basically a grant program that was designed to make sure that you abided by the deal that you were going to keep your workers on the payroll. And so just by doing that for forgiveness, they facilitated the grant. So anyway, that's come up many times before, but yeah, $54 billion. I can do a whole show folks in terms of airlines, not preparing for the inevitable, which is somehow a flight shock, okay? I mean, folks, if you ran an airline business, like they run it, you would be BK all day long because unfortunately we live on a planet that there are shocks to demand for travel occasionally, whether it's war, whether it's a pandemic and not planning for those. You just plan for failure unless you get a government handout. We'll be right back folks. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den available to all Tigers and Tigris' for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigris' as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. So it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices.  First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pesavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today, TFNN.com, educating investors. 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 get the S&P's up 30 points. And again, stay tuned. We got our man Larry Pesavento. He's coming up live next from 10 to 11. Jacob's gonna be live from 11 till 12. Dave's doing two hours this afternoon. Tom O'Brien doing three to four this afternoon and jumping back to that airline. So they're looking into how that money was spent now. It's interesting in terms of the numbers of the airlines. The carriers began 2020 with about 456,000 full-time employees. That fell to 364. So you're talking about almost 100,000 in November of that year. Now the aid that they got for the pandemic came with the fact that they couldn't fire anybody until October 1st. This article is from June of 2020, just going around. Take severance or gamble on the October 1st layoff. So the airlines were prohibited from laying off or cutting the pay rates of employees through September 30th under the terms of the $25 billion in aid. And so what they did was they put out severance packages to them and told them that firings are coming October 1st. The clock's ticking, that was the package. They're prohibited from laying off or cutting employees before October 1st, but they've already gave the employees until this month to decide on taking a buyout, if not gamble it up when you come back October 1st.  Yeah, we're back. And now what's happening, we gave them all that money and now we're paying higher costs because they got less employees, less planes, less routes, everything's delayed, it's all a mess. Could have been designed a little better in airlines. They get away with way too much folks because we need airlines, I agree. So we can't let them fail. If you can't let them fail, they need to be regulated in some fashion because they give way too much out in terms of buybacks, dividends, everything. They keep no money on the rolls. And inevitably, unfortunately there are supplies and demand shocks to that market and they keep nothing there and then they cry that they need the money. All you gotta do is regulate them because that's the fashion because we need to bail them out unfortunately because we do need airlines. So remember that next time around. Stay tuned folks, I appreciate you starting your day with me. Larry's up next, Jacob at 11. That's right, Duffy, break them all up, there we go.  Have a great Friday.


The Northern Youth Group, in conjunction with the Coalition for National Agenda, is advocating a compulsory drug test for presidential and humanitarian candidates towards the 2023 general elections. The group says doing this will help sanitise the policy and ensure the margins of credible and reliable leaders for the country. Plus TV Emanuele Jenner complies the reports. Leaders of the group made this call in Abuja during a press conference to state their position on the state of affairs in the country. The group says youth and women, particularly in the Northern parts of the country, have become drug addicts, bandits, kidnappers and terrorists, due to the helplessness and hopelessness caused by poverty and inequality. They need to sanitise the policy and ensure that only fit and proper persons occupy political offices and enthrone equity and justice, makes it imperative to raise the bar even higher by demanding that all presidential and gobernatorial candidates take drug tests as well as undergo medical and mental assessment tests to ascertain their readiness for the noble and stressful task of good governors. It's called for a national agenda to right the wrongs of the past and the present, which can be done only by a drug-free, credible and nationalistic leadership. Nigerians deserve to have a peaceful nation, a peaceful society. National agenda here will be how do we ensure that the abysmal state of our nation is not in any way sustained, especially as we're going for the election. The group also reacted to insinuations that the 2023 elections may not halt due to insecurity, with reference to the recent killing of Labour Party women leader in Kadena State. Yes, so we need to ensure that our women are protected in politics. We cannot rule on the politics where women are becoming afraid to be leaders. This is not a good trip for us. This is not encouraging women to be involved in politics. I am calling on every woman, every youth, to please come out. If you see anything wrong, please say it.  When we are asking the security forces to do is to stand by us and they will do the right thing. The group commended the issues-based campaign deployed by all the political parties this time, while calling on the media to not only hold government accountable, but also set the agenda for government.