The following is a presentation of TFNN, the morning markets kickoff with your host Tommy O'Brien. Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN 9 a.m. Eastern time Thursday morning as we come into another day where we got news, folks. We have GDP shrinking for the second consecutive quarter. The recession date, it's going to rage on. Now the whole conversation, my friends and I were having it last night, right? What is the technical definition? We're all going to get a quick lesson in that, and we're all going to have our opinions. Nonetheless, the facts are we have GDP shrinking for the second straight quarter. We'll get into that in a moment. The market, though, when bad news is good news, as some have said, pretty remarkable that that's the world we're in. But that's the case, folks. You look at the action on 8.30, you spike lower almost down to 4,000, market spikes up to 4,030. We're sitting above where we were on that GDP number currently at about 4,020. That's following the acceleration we got yesterday. Federal Reserve, Chairman Powell, they hiked by 75 basis points. Chairman's press conference following that? There's a lot you can read into that in terms of where you go. Yes, they don't have a set path in terms of no. He didn't say we're going to bring it with 75 again. He didn't say that at all. He said they're going to go by what the data says. But realistically, folks, that has to be the answer, whether he says it or not. You have two months, we'll talk to our man, Kevin Hinks, coming up after the break. Can't wait to get his take on things, because no matter what he had said, right, here's the important part. I was listening to some great analysis prior to the press conference yesterday. No matter what he had said yesterday, it almost wasn't going to matter. If they decided to go for guidance, it almost would have been unfair to their task at hand when you are going to get so much data over the next couple of months. The last data that we have, folks, is June CPI, right? It's not the last data we have, and we now have a shrinking GDP. That's the last data we have from 38 minutes ago for the second quarter in a row. But when Chairman Powell was coming out, their guidance, the last data he had, was basically a record inflation number. That was for the month of June. We are now in July. You're going to go to August, and then you're going to go to September for the next meeting. So you're telling me that they're supposed to make guidance yesterday on June data for decisions that they're going to make in September? Not happening, folks, okay? It sounds dovish on the front, but it could ramp up into very hawkish guidance if they're going to go by the data, and we get inflationary data persisting. Now, I'm not sure that's the case. What that really means is that all the chips are going to be on the table when we get some of these economic data prints, especially as we come in to that next meeting. We might have a little bit of lull here. In the Fed volatility, it doesn't mean we're going to have a lull in earnings volatility or GDP volatility, which still matters indeed. But nonetheless, here we go, S&Ps down by three, not too bad, considering the run that we had yesterday. You just hold on to those gains. The S&Ps, 107 points above where we were less than 48 hours ago, context, very important. Stack 100, 500 points from where we were 48 hours ago, less than 12,570. We got meta earnings. Bringing that down a little bit. We'll get into that a little bit later in the program. The Dow right now accelerates above 32,000 to 32,315 last night. We're still sitting above that level of 32,131, the Russell, only major index currently in the green right now, positive by two points on the futures. Bitcoin. You talked about a run for Bitcoin yesterday, man. We got 23,000 from 20,710 just on Tuesday, yes, crude trades higher. We almost got $100 this morning. We're back under $99,9882. That's not going to help inflation folks with crude coming back to $100. Pretty remarkable, right? This week from 93, looks like we met hovering around 95, had a great conversation with our man, Teddy Kegstad yesterday early, talking about, yeah, you know, you can't deny when you take a look at crude on a daily, right? Just zoom in on the action that we've had. You cannot deny, folks. Just look at where I put my cursor on my chart. $94, maybe that's the best fit line. Maybe, right? Maybe linear regression of those lows. Where do you end up? You could call it an art, not a science. Do you take the tails? Do you take the bodies? OK, nonetheless, no matter where you end up, we were pretty close yesterday, some pretty critical action. And what do we do? We bounced. Now, how high do we bounce? We didn't even get to $100 yet. We're trading, though, right near that price level. And gold, finally catching a bid as well on yesterday's number. Gold, there's a pop for you. Yeah, the 230 press conference from Chairman Powell from about 1740, up to above 1750. Gold was already positive on the session. Today, you're up $23.80 at 1761. Now, keep in mind that this $24 pop is incorporating the move you got yesterday, because futures close in gold, I believe it's 230, right? Or is it 130? It's 130 or 230. Gold contract futures close. So the session technically beginning at about 130 or 230 in the eastern time in the afternoon for that gold contract. And we got to jump to notes and bonds. We got a little bit of higher price and lower yield coming at you right now. You're talking about a yield of 2.7%. Pretty remarkable. We got almost a 3.5%, just like that.  You're at 2.7%. You take a look at this thing on a weekly basis. Now, what's interesting here is I'm going to back it all the way up. There's your tenure, OK? I mean, look at the tail you get underneath the lows that we had in 2018, right? Talk about a tail. Now, that's a monthly. That's the monthly tail for June. July, we're popping nicely. I'm going to put things back onto a daily, OK? There's that same low that we got to. And now I'm going to zoom in just to see where we are in terms of the acceleration we had that recent high. You're talking about March of this year. You back it up to really December 20th when we were at a 131. You trade down to 114. I'm going to back this out even a little further. Now, that's talking about COVID. COVID low yields of half a percent, OK? The trend has been down in a big way. You could make the case, though, that this acceleration started in August of 2021. And the floor really dropped out in March, although you could make the case it started in December, right? Nonetheless, interesting that we catch a bounce, kind of right where we caught a bounce in May. And we are now a full 6.5 points off of the lows that we have as you have yields at 3. Excuse me, 2.7% down from 3.5% of the yield on the tenure. All right, let's jump around to some of the fang stocks, see how we kick things off. After the bell tonight, we get Amazon and we get Apple. Everything was trading higher yesterday, man. We jump over to the Analyze tab. So these companies, as of the close last night, OK, Amazon, about a $6 move, $6.26 priced into that equity. Apple, you're talking about a $5.26 cent move. Amazon right now trading at $120 with a $6 move. Apple right now, lower volatility, trading at $156 with a $5.26. I mean, Amazon, there's a lot at stake, man. Last quarter, not the earnings that you want to want it. And there was your drop-off, right? You continued after that drop-off as Amazon. Pre-split, OK, at that time, but post-split numbers from $142 down to $124. And you really bottomed out at about $102. Now, we're almost 20% off of the lows. This thing's had a little bit of a pop here. But when they came out last quarter, man, they said that they might lose money the following quarter as well. Gonna be some tough goes around potentially for Amazon and Apple. I think I have an article pulled up here on Apple. Yeah, the run that Apple has had into earnings, let me see if I can find even the headline that I had up here in terms of it. Here we go, because this is something to think about, man, check out. Check out this Apple chart, OK? Apple, I've talked about this one before. This is a perfect way to come into this. Check out the five-year weekly, OK? Apple, the full COVID run. Look how close it is to the highs. The Nasdaq 100, folks for context, is sitting right now below the 382. Apple's above the 236. The headline, that's not the headline. We'll talk about Apple when we get back. There's your headlines. Raises the stakes. 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There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Welcome back, folks. We have the S&Ps right now. You're up by one point. NASDAQ 100, barely in the red. Dow, negative by one point. Russell in the green. Let's jump over to our man, Kevin Hinks. Every trading day folks, 12 noon Eastern time right here on Tiger TV. Fast Market with your host, Kevin Hinks. Tom White, they break down the day's market action and folks, there's nothing like this week to check out the program. Kevin Hinks, good morning. Good morning, Tommy O'Brien. Welcome, Tommy, to the participation trophy economy that we find ourselves in. Because Jerome Powell, I think, is one of the most effective fed chairs in my career. But I think, in terms of how he described the economy yesterday, he got it wrong. I think he should have said there can be strong recessions. There can be very weak recessions. There can be recessions with strong employment. But make no mistake, two quarters of negative growth is a recession, Tommy. Period end of statement. Kevin, I'm gonna get you into our group chat with my friends and I, because last night, and this spans more than just financial professionals, what were we talking about? We're talking about the definition of a recession, ahead of the number this morning, man. A lot of people are gonna be talking about it. Now we know what camp you're in. It's hard to deny when you got shrinking GDP, man. Many of my friends making the same case that you're making right there. And we get the number this morning, and what does the market do, Kevin? We're positive, by three points right now, and that's after a heck of an acceleration yesterday. What did you think of the chairman's remarks talking about they gotta be data dependent? Seem pretty reasonable. That's where you gotta go at this point. With two months, as you mentioned yesterday, until their next meeting. Yeah, I'm like the market. I loved his comments other than him saying that we're not in a recession. I understand why he would say that, right? The world we live in now, the truth is what they can convince you to believe. But the markets are the final arbiter of what's going on in the overall economy. And so, but the other, his other comments, I thought were as usual, right? He's proficient at giving the economy or the market the news they want in the right manner. And I think he said he did that. So I think he was joking, dovish enough to talk about that, but he also gave very positive comments on why people should still believe it. But listen, I think the market made the decision on what Jerome Powell's comments were. And the market, we said during Fast Market yesterday, if you watched the show, markets could either go to unchanged or double its move from where it was when the show was on. And sure enough, it doubled the move from rework. So I drove how usually speaks pretty friendly to the overall market. And I thought that's what he did again yesterday, other than the one exception of his view of the recession. It is pretty remarkable that he has that statement at a hike of 75 basis points, which is the second consecutive hike of 75 basis points because inflation is raging. And it's also the day before we literally get two quarters of GDP print. He had to know that that was possibly coming. So I'm sure he was very aware of it. And nonetheless, we're gonna find out where we go from here as well. One of the arguments that one of my friends was making last night is, by the technical definition, it's always backward looking as well. So even if you're having this debate and you gotta have whether it's the economist on board, man, usually you can only figure that out by the technical definition, if that's where you wanna go to in a rear-looking fashion. That's one take on things that I'll throw in there. With that, Kevin, we got Meta last night, some tougher earnings for them. They are trading lower by about seven bucks this morning. They lost $2.8 billion in the virtual reality, augmented reality segment, ads slowing as well. They're only back to where you were Tuesday, though, after the run they had. What did you think of Facebook meta earnings after the bell last night? Yeah, I think some of the fears that Snap gave us came to fruition, right? Ad spending is slowing as we hit a slower economy. And that hit, you know what, here's what I think. In a bigger picture, Tommy, Facebook has been on cruise control for years and years and years where Mark Zuckerberg could basically do anything he wants and Facebook was growing big enough so he could make mistakes and they'd be covered up by incredible growth. This is gonna test and see if Mark Zuckerberg is a true CEO who can manage not just easy massive growth, but choppy waters as well and the transition of a company from one place to another. So I think this is gonna figure out if he's good or just lucky, Tommy, because most people that are successful are just lucky. We're gonna find out if he's good. You know, it's gonna be interesting. I got an Oculus Quest 2 for Christmas. I believe time is flying, man. I can't believe it was last Christmas. It's already almost gonna be August. And it kind of blew my mind immediately, Kevin. It really did. I imagine the future at some point is gonna be deeply rich in virtual reality and augmented reality, but man, we may have some time play out. If you just go back to self-driving cars, folks, I mean, even Elon Musk in 2019, I think he was saying in 2020 they're coming. These things, the last mile takes a long time. It's gonna be the same thing with VR and AR at some point. It'll happen. One thing that did stick out on Facebook in Zuckerberg's credit, and I don't give him a lot of credit really, because he's done a lot of other things I don't agree with, but they're decreasing their spending. Total expenses in 2022 between about 85 and 88 billion, the number they were previously putting out was 87 to 92. So there's a little management decreasing the spending. I'm sure investors like to see that, at least with the slowdown. With that in mind, Kevin, we got two big stocks coming up today. What are you guys talking about on Fast Market at 12? Like I said, Tommy, on days like this, the show's right themselves. So we'll look at, like the way we're going to do presentation on Apple, of course, and then we'll look at Amazon, and then we'll look at, we're deciding right now between Roku and Intel, but we'll probably lead towards Roku, a little more going on there than Intel, but we haven't ruled it out. You were debating as we speak, but certainly Amazon and Apple. If you're still taking votes for the third one, Kevin, I'll throw my vote to Roku. If it's an election of the people, we'll throw it there. Intel, great stock as well. We just decided. There we go. I mean, the volatility on some of these stocks, Kevin, even down from 490, Roku's got a range of like 77 to maybe a hundred on a percentage basis. That is quite a range that this thing is bouncing around in. And Apple and Amazon, the two big ones I was reading an article this morning, Kevin, on Bloomberg talking about Apple, on course for its biggest monthly gain since August of 2020, quite a run up into these earnings as potentially up in the stakes for Apple, overperformed, can't deny that, versus this market sitting at 156. Well, Kevin, we appreciate the time. As always, man, we appreciate the time this week on a busy week, and we'll be looking forward to the program at 12 o'clock today, man. Have a great one, have a great weekend, and we'll be watching you as well, Tommy. Thanks so much, Kevin. Take care. Tune in, you heard it. Apple, Amazon, Roku, or Intel in the third segment, always a great program, especially today. You're gonna get some GDP conversation, I'm sure. You'll get some FedSpeak, of course, that comes into that as always when we have following yesterday's action. And we'll find out. Apple and Amazon, man. And as I mentioned, right? You check out Apple's run, folks, from the bottom of COVID at 53 bucks to the highs we came into this year at 182. You bounce off the 382. You gotta love Fibonacci's, folks, right? They're not always right. They're not always wrong. But at least you have a nice clear area that you can trade, you know? Yeah, and you get onto that area, okay? It's not an exact science. 132.85, the 382. Maybe you scale in around that price level, okay? We are well above the 236 right now. Even the NASDAQ 100, maybe the most comparable to Apple, isn't even at the 382, okay? Yeah, keep that in mind because Apple's been holding this market up relatively well. And if they start to suffer, that could be pretty ominous. We get a key of that tonight after the bell. Stay tuned, folks. We'll be back to the opening bell. In a time of booming inflation, we are purchasing powers eroded. There's no better place to protect your harder and money-thinning gold. This, the gold flagship asset, is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project at a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This, the gold just completed the Monk Todd Feasibility Study, which resulted in a 7 million ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational, as well as environmental permits. 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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. 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 markets open for about 30 seconds and we're sitting comfortably higher right now. You got the S&Ps, I mean, check out the action, we come into the open. Basically a pre-market session highs. S&Ps up by eight right now. NASDAQ barely in the red and that was after a heck of a day yesterday. What were we up yesterday? Three and a half, 4% on the NASDAQ, NASDAQ 100. Dow up 62 points right now. Within about 100 of the high we had yesterday and you got the Russell, up by eight. Bitcoin above 23,000. Crude up 90, excuse me, up $1.33 and you got the gold contract continuing to climb. Right now you have yields continuing to drop jumping over to the 10-year. They're talking about in the Tigers, Dan, breaking out. Check out that acceleration from 8.30, man. We're up a full point. We are up a full point right now from where we were trading just at 8.30 this morning. Excuse me, 2.66%, that's mind-blowing, man. 2.66% down from 3.5% within a hair that number, at least. Not that long ago. Okay, jumping back to Apple. Apple and Amazon after the bell tonight. Apple, up 4.10%, coming into that number. Amazon, up 4.10%, coming into that number. We jump back to Apple. So the article from Bloomberg here, just pointing out a few things, right? So Apple's up 15% this month so far, folks. There's the volatility that we've been seeing over since about August of 2020 when it had some accelerations as well. Apple has already performed some of the other tech giants tremendously. Apple is outperforming because it's a place of safety for investors. That's Gene Munster, who covered Apple and Google during his 21 year career as an analyst at Piper Jaffrey, familiar with that name. He's got Loop Ventures now. Every company will be impacted by the upcoming slowdown. Apple should fare better. Probably part of the reason why Warren Buffett's got such a stash in Apple, right? They're the new GE of everything. The rally means investor expectations are higher for the company's quarterly earnings due to the market closed Thursday. I would say so, folks. I mean, I keep bringing it up, right? Apple's got a lot of expectations sitting at 157 right now, man. All you're back to, folks, all right? You talk about a depth of reception, a recession. All you're back to is November 18th prices. Excuse me, November 18th, not November of 18, November 18th prices of last year. The market peaked out six weeks later, okay? A catastrophic bear market is not usually when the biggest company in the world gives back six weeks of gains, right? I mean, think about that. This has been a run for some context here. In 2008, Apple was trading at $2.90. You went up to 182, you came back to 140 and you're at 156. It's been a bull run since 2008, folks. I mean, crazy to think about that it was trading at that time.  They were launching the iPod in what, 2001? When did they launch the iPod? It's crazy to run this company iPod launch. Let's see, date 2001, yeah. October 23rd, 2001, let's get it. Stock was at about a quarter, crazy. Now it's been 20 years. I'm dating myself a little bit, okay? But nonetheless, back to Apple. They've overperformed the market and they come into their numbers tonight. You jump over to the analyze tab. They got about a $6 move priced in at $160 stocks. You're talking about about 4%. Amazon, a little bit more percentage wise, $6.78 cents for $120 stock. Now Amazon, not so much the case, man, not overperforming the market at all. Apple, all you're back to is November prices, right? That will put Amazon at $1.70, you're at $1.20. Amazon actually closer to 2018 prices than it is November prices to put things in context. Completely different businesses, so not really comparing them like that. But nonetheless, and look at this, Amazon actually negative.  They give back about a dollar real quickly. Let's jump to see how Apple's doing. They're actually negative as well. Roku, after the bell tonight. Yeah, you talk about some volatility, man. Roku, up $10 from where it was on Tuesday, let alone it was at 97 bucks last week. You got some tough earnings from some of the digital advertising companies, whether it was Snapchat, the likes, Facebook, probably not helping that out as well. Roku opens flat today. Now you wanna see some volatility, man, $10.70. So what is that talking about? 12%, 13%, all the market's in the green. Quite a market, folks. You got all the markets in the green right now. You got the Fed hiking 75 basis points consecutively. You have two consecutive quarters of negative GDP and the market's like, we're going higher, man. We're going higher and we're within six points of the highs of yesterday. Now, taking a look at where we're going, folks. Boy, you better get very careful at 4,200 in this market. My dad's been talking about it as well. 4,200 is gonna be a critical area. I would even say once you start getting to 4,100, you're gonna start approaching whether it was the high we got back to on May 18th, May 17th, May 18th, you were up at about 4,095 was the technical high. Those are correlating to some of the lows that we had from early May, also correlating to some of the lows we had from March, also correlating to the low we had from February. That low in February, 4,101. Anytime you start bumping up into areas that have been resistance, excuse me, support, they were support, they can turn into areas of resistance, lots of areas on that chart, folks. When you get into the 4,100 to 4,200 range in this market, be careful in this market.  With everything going on, 9.1% inflation, two consecutive quarters of GDPs decreasing, supply chain issues still taking place in a big way.  Now, you can't deny the market got ahead of itself on the final quarter of last year. That was kind of where the steam had run out. You just plowed into the new year and then the market sold off and gave back the last quarter within 24 days of the year starting. But nonetheless, be careful. We'll see how the earnings go today. But everybody is cheerleading Chairman Powell yesterday, folks. I couldn't wait to open my phone this morning and see where the futures have been because the last few meetings, we've gotten some big moves and then you've had reversals on the following day. Kind of the market digest things or whatever happens. I feel like the market's getting a little bit ahead of itself thinking it's the greatest news ever that the chairman has not forecasted 75 basis points or 50 at the next meeting. Okay, cause all he did is he said, we're gonna wait for the data. There was the illusion to potentially pausing or there being a delay. You know, I was listening to it. I was trying to listen to those words very closely. But as I said, kind of in the beginning of the program, there was really no other choice. No matter what God said there in Chairman Powell's mind, I imagine he is saying, man, we got a lot of data to go over the next two months. The last data we really got for CPI was already stale at the time, right? The last big data point we have for inflation was the CPI number from June. It's about to be August and they don't have another meeting to hike until September. So of course they're gonna be very interested in the June number and the July number in the August number, right? Excuse me, in the July number and the August number. We already got the June number. So you got July and August, they're gonna be coming out before their meeting in September, along with every other data point that goes with that, along with the earnings of many companies. Everything is gonna hang on the PCE, the CPI, wage, wage growth. Everything is gonna hang on that and if those CPI numbers are big, folks, the conversation is gonna shift just as quickly as it did over the last three months to higher rate hikes. The market didn't know 75 was coming consecutively, but guess what? It figured it out when we got some data. We'll be right back. GFNN has been your trusted source of analysis for bonds, metals, stocks, commodities and options for years and we are happy to announce that we are bringing that same caliber of analysis for the Forex market. 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An investor should carefully consider a fund's investment objective, risks, charges and expenses before investing. A fund's prospectus and summary prospectus contain this and other information about direction shares. To obtain a fund's prospectus and summary prospectus call<PHONE_NUMBER> or visit directioninvestments.com. A fund's prospectus and summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, foresight fund services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks. I get the S&P's barely holding onto gains right now. A little bit of a pullback, though, from those highs. We're down about 15 points. You're still positive by one point on the S&P's. NASDAQ goes red. NASDAQ 100, negative by 56 points. Dow negative by 16, the Russell leading the way positive. Up three quarters percent, up by about 14 to 1861. So jumping back to the GDP, a little recession talk or basically the probability of that occurring. So the economy shrinks for a second quarter raising recession odds. So one thing to keep in mind here, okay, that is an important part of this conversation, which probably is not gonna get brought up as much as it should, is this is a preliminary first estimate of GDP. I think it gets revised two or three times. And many times, especially right now, with all the volatility going on in this market and how hard it is to peg some of the data, we have seen some huge revisions to those GDP numbers. So what you're gonna see is, like I'm seeing out there this morning, my friends are chatting about it as well. I got some smart friends, folks. They have some great conversations because there's so much up in the air right now. And you can make great points about both sides of it, folks. And we don't know who's right or wrong right now. That's what makes a market, right? Kevin Hanks, you heard him, man. It's a recession. The one thing is that this is first look. They call it preliminary estimate showed Thursday on the first look. We've had some huge revisions to GDP going on. One comment out there this morning, I was reading saying the last 10 times there have been consecutive quarters. It's been a recession, but that's the last 10 times that you had the final estimate of GDP. Okay, and many times there's been some steep, steep revisions on both sides of it. There is a very real chance that one of these quarters from 1.6 or 0.9 gets a revision to the positive side before it's all said and done. Keep that in mind, okay? These are not the final numbers. This is the first number in an economy that is very difficult to peg. And I don't know how they do it, man. I don't got the fundamental grasp of how you peg a GDP that is so large and so broad in terms of how you get that number and how it goes through the first estimate, second estimate, third, but those numbers take a while to come in. And there's always huge revisions, especially right now with how hard it is to have an analysis of really what's going on. Now, that's the conversation around two consecutive quarters, okay? But if you're looking for the technical definition, there's no recession until an obscure panel of quote, unquote, egghead says so. Now, this is from June, July, excuse me, earlier this month, okay? But it's talking about what the other side of that is. And you're gonna hear, they're loudly debating. We're debating it this morning, right? A recession technically is made by eight eminent economists meeting quietly far from public view. So what is it, folks? It is the National Bureau of Economic Research based where? Beautiful Cambridge, Massachusetts. And they don't like that analysis of two quarters. Recessions have huge impact on the markets and politics, you gotta know that. Right now it is led by Robert Hall, 78 year old Stanford University professor. And yeah, he's gonna get a lot of limelight right now with this conversation. This National Bureau, let me get the exact of economic research established in 1978 by a Reagan advisor, been around for a while. Yeah, so we'll see how it goes, man. Conversations already happened in the then, folks. If you haven't checked out the Tiger's Den, get in there and check out the Tiger's Den because we got some volatility coming down the line, man. You get ready for those economic numbers, folks, because with no guidance from the Fed in inflation raging and at least the first estimates were getting of GDP on two consecutive quarters of negative action, the data is gonna be more important than maybe ever before. I mean, I've never had data determine whether the Fed is gonna be hiking by 75 basis points to tame 9% inflation. That's pretty important data, if that's what's at stake. And that's literally where we sit right now. All right. Yeah, they go over everything, right? A third of economists see a recession ahead. So anyway, that's gonna play out. All right, let's jump to some of the other stories we got going on. JetBlue to buy Spirit for 3.8 billion. So Frontier backed out of this deal. Spirit subsequently said it would continue talks to be acquired by JetBlue. It's gonna be interesting to see how this plays out with antitrust, especially I was reading in some of the Northeast ports, like Boston and New York. And I hope they do, man, because I'm gonna be flying into Boston and those are two competitors right now that are gonna team up, JetBlue. That's been the airline that I usually fly in terms of in the past flying. They have some great routes from Tampa to Boston, but Frontier is out of the bidding. And so that's gonna allow JetBlue to buy Spirit Airlines for 3.8 billion, but that's gonna take some time to play out. It'd be interesting to see how that plays out. Let's jump over. Look at these markets. Watch out, folks. So JetBlue, they're down about a 10th percent. What is Spirit? Save, is that it? Right, yeah. Yeah, Spirit's up 3.6%. Now the price that they'd be paying for this, 32 something, right? Where are we? 33.50 a share, including a $2.50 prepayment if Spirit shareholders approve the deal and 10 cent ticking fee starting next year until the deal is approved. JetBlue really wants to get it done, man. They were trying to juice up that offer to get ahead of Frontier. The surprise all-cash bid is for Spirit to April through Spirit's plan to combine with Frontier into a disarray. And JetBlue got it done, man. They blew up that deal. Now Spirit has to go with JetBlue, and we're gonna see that play out. But 33.50 is the price, and you can see the market. Somewhat skeptical as it's only trading right now at 25.50. All right, other stories I got up there. What do we got? Let's talk a little Facebook, okay? So Facebook's out with their numbers last night. They missed pretty broadly. You're talking about earnings of 246 versus 259. Revenue misses by 28.82 billion versus 28.94. Daily active users up by a tick. Monthly active users down by a tick. Average revenue per user, they miss by a penny. But man, when you're talking about 2.93 billion people, and you're making 10 bucks off a person, folks. That's a staggering number to put it lightly. Revenue in the second quarter fell 1% from a year earlier. Not what you wanna see. Disappointing third quarter forecast, continuation of the weak advertising demand environment we experienced throughout the second quarter, which we believe is being driven by broader macroeconomic uncertainty. Pay attention to that one, man. They're gonna reduce the headcount over the next year as it tightens its belt for an economic slowdown. I alluded to that with our man, Kevin Hanks. That's one thing that you like to see, folks, because one of the biggest problems that this company could face, they're still gonna make tons of money in ads, folks. Is are they gonna outspend themselves? Is Zuckerberg gonna try and solve virtual reality overnight and spend all the money they make on WhatsApp, Instagram, Facebook, and the likes? Well, at least he's willing to back things down. Revenue in the third quarter will be in the range of 26 to 28.5. Market was looking for 30.5. That's quite a miss, okay? That's a decline of two to 11% from a year ago. Declining revenue, two to 11%, quite a haircut, man. They talk about Sheryl Stanberg stepping down. So their headcount increased 32% from a year earlier to 83,553. The company indicated earlier in the period, they're gonna slow the plan of hiring, echoing the sentiment of many of their peers, and there's the revision in terms of their total expenses. I mean, that's a revision of two to $4 billion less. They're now gonna spend a maximum of $88 billion prior it was gonna be $92. They may spend as low as $85. The prior was 87. Virtual reality, they brought in $452 million in sales in Meta's Reality Labs. They still lost $2.8 billion in 90 days. Woo! Talk a little bit more when we get back about this. We'll take a look at some of the companies that are coming out besides these two after the belt tonight. We'll be right back, folks. TFNN has just launched their new trading room, the Tiger Zen, hosted at Discord. 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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. 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For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. So much for 32,000 in the Dow and so much for 4,000 in the S&P. We're right at those levels right now. Basically, 39.99 in the S&Ps. Talk about a give back of 1%, just like that. Dow right now, negative by 178 points, under 32,000. You got the NASDAQ 100, off more than 1%, almost right back to where we were on the press conference, right? Whew, pretty remarkable how the day of action on Fed Day versus the following day, you've seen reversals almost continually. It's only 25 minutes into trading, man, but we got a reversal going on and check out the two big dogs, Apple off 1.1% right out of the gate, Amazon off almost 2% out of the gate.  Other companies, we got AutoZone out with their numbers tomorrow. Excuse me, let me pull that out. A lot of companies had those numbers. They're down with the market 2.2%. We also had some other companies out with their numbers early this morning. So Mastercard down about 4.10% on their numbers, Comcast with some weak numbers, man, they're down 9% right now. Pfizer off 4.5% right now. Intel is after the bell. They're off 1.1%. You jump over to Analyze tab. That's about a $2.40 move. So you're talking about a 6% move priced into Intel after the bell. What else we got that was already out there? Yeah, Harley Davidson out with their numbers. Decent numbers for Harley Davidson trading up 7.8%, a lone bright spot, almost on a tough day for some of the equities. All right, folks, head on over to the front page of TFN, please. Check out Teddy's report, the Tiger 4x report. Only a couple of days left, you saved 25% when you put in code Teddy25 out there. And if you haven't checked it out, folks, Steve Rhodes, put out a great report last Friday. Special report, folks, this is all you gotta do, okay? Right here on the front page. Click here to read the special report. No strings, nothing to sign up for. There's your special report. Go check it out right now on the front page of TFN and Steve Rhodes putting out a great report. He just saw some action in the market. He wanted to share it with everybody. Tigers and Tigresses, that's on the front page of TFNN.com right there free as well. Check it out, folks. Stay tuned. We got our man Basil Chapman coming up next. Talk about some volatility. Talk about a trader's market. Thanks so much for starting your day off with me, folks. Stay tuned. We got Basil up next. Larry, he's still a little under the weather, okay? But then we got Fast Market at 12. You heard it. They'll be talking Apple, Amazon, potentially Roku, Steve Rhodes, Dave White, Tom O'Brien, the same.


Army scientists and engineers are seeking future partnerships with small businesses in an effort to find innovative technology solutions for the future. A group of 12 mechanical and aerospace engineers from the U.S. Army Research Laboratory toured two aviation companies run by two brothers in the Philadelphia area, October 13, 2016. These are complex systems that you have to build test infrastructure to support and to test early and hopefully our proximity to Army Research Lab, they can take advantage of our large experience in this field. Michael Piasecki, president of DPI UAV Systems, develops small rotary wing unmanned aerial vehicles for military and commercial customers. Piasecki's path to aviation research and development may have been destiny. In 1936, his father, aviation pioneer Frank Piasecki and a group of engineering students from the University of Pennsylvania designed and built their own helicopter. By the 1950s, he had formed the Piasecki Aircraft Corporation. I am a product of my father who was a very passionate inventor and responsible for many aircraft. He gave me this passion, a love of flight. But more importantly, a love for solving engineering problems. On the same compound near the Philadelphia International Airport, Michael's brother John Piasecki, president and chief executive officer of the present day Piasecki Aircraft Corporation showcased what his company is doing, which among other things includes work for the Defense Advanced Research Projects Agency. Piasecki is building a prototype for DARPA. The Aerial Reconfigurable Embedded System, or ARIES, is a vertical takeoff and landing flight module designed to operate as an unmanned platform, capable of transporting a variety of payloads according to DARPA's website. John Piasecki sees a future where UAVs play a big role in moving payloads for both military and commercial applications. I think that the same capabilities that are being looked for by Amazon and Google in terms of logistics, on-demand logistics capability using small UAVs, while the scale might be a little bit larger for the military, is really a very similar approach. ARL's Open Campus Initiative guides Army researchers toward a new business model for building an integrated work environment with academia, industry and government, thus fueling innovation through research and development collaboration according to ARL officials. As part of both Open Campus Initiative and our own research efforts, we do want to collaborate with small companies where they bring in a lot of innovations and a lot of drive to innovate, but they may not have access to all the expensive facilities or capabilities. We have identified quite a few opportunities and their response has been very positive. They do want to collaborate with us in several areas. Small business has a tremendous amount to offer the Defense Department and particularly in getting innovative ideas and demonstrating them in an affordable and timely fashion. Official said ARL's vision is to be the premier advocacy organization committed to maximizing small business opportunities. For ARL TV, I'm David McNally.


Men should know that women need affection. It's a primary need for women. And so we want to follow the example of the Prophet ﷺ. There was a reason that he encouraged spouses to hold hands and to feed one another from the same plate. Just like any other blessing, marriage can start to feel stale. It can start to feel old. You can start to take it for granted. But these types of intimate gestures help reinvigorate the marriage. You want to take note of the five languages of love. There's a book out there that you can find that discusses the five languages of love. But a quick synopsis is that there's five ways that men and women show love to one another. Five ways all human beings show love to one another. And the way people show love is by providing service, by giving your time, by giving verbal praise and affirmation, by giving physical affection, and by giving gifts. These are the five languages of love. And you want to see which language of love your spouse is utilizing on you. If you have a different language of love, your spouse may not notice your language of love because they can't hear it because you're speaking a different language. And I'll give you a case in point. My love language is verbal affirmation. Big surprise. I'm big about talking and telling people how much I appreciate them, writing about how much I appreciate them and love them. My husband's language of love is service. He doesn't talk much about how much he loves you. He's just quietly doing what needs to be done. And the times that my husband and I butt heads or we have a conflict, it's usually when we're speaking different languages of love and we're not hearing each other. So mine might be, you know, I made an effort to look nice and you didn't say anything about how pretty I look or you didn't say anything about how delicious my food is that I made for you today. And an example of a time when he was frustrated with me was when I borrowed his car and I came back and the gas tank was on empty because that's something he would never do. He would never leave me with an empty tank of gas. And so to him, it was a sign of inconsideration for me to overlook the fact that I was leaving him with an empty gas tank because he's all about service. So for me, in order to make sure that my husband feels loved, I have to get out of my comfort zone and do what I know my husband would do to show his love to me. And he gets out of his comfort zone, inshallah, and tries to make more of an effort of talking about things that I might want to hear from him. Another big need for women is the need for intimate conversation. They say that men fall in love with their eyes and women fall in love with their ears. And there's truth to that, that there's a reason women love poetry and there's a reason women love deep and intimate conversations and why they like to get on the phone with their friends and talk to them for a long time. Whereas husbands are just fine, you know, hearing the basic details of what's going on, the basic points and not going into too many details. So that's something for men to keep in mind that women need intimate conversation and they need undivided attention when you are talking to them.


This paper examined two methods used to estimate atmospheric correction for optical remote sensing satellite data. The first method was a multi-spectral approach which assumed a constant relationship between surface reflectance measurements and aerosols. The second method was a temporal approach which assumed that surface reflectance remained consistent over time. Both methods were tested against in-situ measurements from the aeronet network. The results showed that the multi-spectral approach provided the best accuracy overall, while the temporal approach performed better when there was no vegetation present or when the landscape changed quickly. When both approaches were combined into a spectrotemporal approach, the results were even more accurate. This shows that combining multiple methods can improve the accuracy of atmospheric correction for optical remote sensing satellite data. This article was authored by Elidia Hagall, Mary Hawk, David Villa Pasquale and others.


SEGA DRUNK! Thanks to Adam for requesting this on my Patreon page. This is an unusual game for the Sega Genesis, with an unusual title too, haunting starring Polterguy. What, as opposed to haunting starring James Woods? Did Polterguy go on to star in anything else? Anyway, this game is unlike any other 16-bit game I've played. The goal is to haunt a house and scare people? How can that work as a game? So you play as Polterguy, a recently deceased guy turned ghoul who's seeking revenge against the family that's supposedly responsible for his death. The instruction book implies that Polterguy got killed in a skateboarding accident, caused by a poorly made skateboard assembled in a factory owned and operated by renowned cheapskate, Vito Sardini. He cut costs by firing employees and replacing them with a shoddy, ill-maintenanced assembly line of machines.  The book even makes sure to mention that Vito Sardini weaseled his way out of a wrongful death lawsuit, just to make him really unlikable. So since Polterguy is evidently stuck in purgatory, he's decided to whittle away his time by haunting the family responsible for his death. Vito, his wife Flo, and the two kids Tony and Mimi, although I'm not sure what they have to do with anything. But the haunting spans four different houses that each have 12 rooms. What you do is you activate these spots called Fritems, which allow you to take control of inanimate objects and load them with traps. The goal is to scare the ever-loving crap out of the family, and you can see their status in the lower right, and get them to the point that they all run screaming from the house. A dartboard will turn into a bleeding eyeball, you can possess a chair and fly it around, ghouls can appear, all sorts of weird stuff going on, and yeah, as you can plainly see, the graphics and sprite animations are hilarious. It's almost like a rated-R Zombies 8 My Neighbors. Furthermore, there's three different types of Fritems you can activate. You just press the A button to jump into them. Blue Fritems come alive when a family member wanders close enough after you jump in and out of them quickly. Yellow Fritems need to be activated while the family member is already nearby, so there's a bit of timing involved there in order for it to work correctly.  Bear in mind you can only use each Fritem once, and sometimes a person will just avoid what you're doing and wander into another room entirely. Thankfully, there's a map available to use to keep track of everyone. As you're chasing the family, they drop this ectoplasm stuff each time they're scared out of a room, so you gotta collect it because it's required to activate each Fritem, and not only that, it runs out on its own if you waste too much time screwing around. If you run out of ectoplasm, you're sent down to this hellish dungeon where you gotta collect each drop of the stuff in order while avoiding enemies. Keep doing that until a portal materializes to take you back to the house. This is the only part of the game where you can die, or die again, I guess. You can also collect spells and objects down here that you can use for further scares topside, and you can activate them with the C button. So yeah, this is a game of management. You gotta manage your scares, manage your ectoplasm, and manage your time efficiently so you can proceed from room to room and house to house so you can see the whole game. Personally, that was my incentive to keep going further and further in this one just to see what kind of crazy scare the developers came up with. Also, what helps is the freedom you have. Haunting-starring Polterguy oddly has kind of a sandbox quality to it. You can pretty much go anywhere at any time. Interestingly though, the same rules apply to the family since when they run out of a room, they could go anywhere themselves. The goal, of course, is to drive the entire family out of the house. So you want to use the map to get the person closest to the door to the outside, and that can get kind of frustrating.  No saves or passwords here either. So yeah, Haunting-starring Polterguy is unlike any other 16-bit game. It sounds kind of boring on the surface. I mean, you're just going around scaring a bunch of people, but like I said, it's a game of management and balance, and it's not easy. Of course, it helps that the game is great-looking, the isometric viewpoint fits the gameplay perfectly, all the rooms look great, the sprite animations are unlike anything I've seen in a 16-bit game, and the sound design here is fantastic. The screams add to the game nicely. The only drag here are the dungeons and the fact that there's not a whole lot of variety in the gameplay, but even still, Haunting-starring Polterguy is a fascinating game that really stands out among its peers. Plus, if you're into horror stuff with tons of blood and gore, you'll like it that much more.