The following is a presentation of TFNN. The morning markets kickoff with your host, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN Thursday morning. Just after 9 a.m. Eastern time, we get some weekly jobless claims out this morning. You got NVIDIA skyrocketing higher on some pretty dramatic earnings. You get the Nasdaq 100 up by a full percent right now. You get the S&Ps up by about half a percent. Dow and Russell slightly into the red. Let's kick it off with NVIDIA, man, because, boy, it was quite a number they put out after the bell last night. That number coming out at about 420, 420. 471 was what we came into the closeout last night. You traded up almost $50. Now, it's so interesting here, right? You jump over to the Analyzed app. About a $40 move priced into the earnings after the bell last night. And what did we get? We're at about a $40 move to the upside. And, boy, to the upside they go when you look at some of the numbers, man, just for a moment, let's look a little big picture. On NVIDIA, you drive higher to November of 2021. The market trades lower, and then from 108 to 500 plus bucks, man, you talk about it. The CEO, I think he's pushing almost $50 billion of wealth, boy. It is quite a number, but let's get into the NVIDIA numbers because they are quite a number as well.  Yes, the forecast, so check it out. They're looking for $16 billion of revenue in the quarter they're in right now, which ends in October. That's their third quarter. The market was looking for 12.5. It is a blowout again, and they had a blowout earnings in May, and they do it again. They also announced a $25 billion stock buyback. They got margins in the tune of about 72%. So imagine you're doing a business where you're taking in $16 billion every three months, you're taking in 72% margins on that number, and check out the data center, right? This is fiscal year. Boy, it's been quite an acceleration. 2020, this is the data center, okay? Unless the decade, it's gone from a rounding error to the main source of sales in the data center. In the black, you're talking about the fiscal year we're in right now. In the blue is the estimate going forward, and yes, it is quite the acceleration, to say the least. So they took in $13.5 billion in the quarter they're in right now. That's doubling where they were a year ago. Analysts were looking for $11 billion. Now remember, they revised up to $11, only 90 days ago when they came in at $13.5.  What do they say? Under promise over deliver. Remember that one, folks. Under promise over deliver, all right? Public companies, they do it every single time if they can. You should do it if you can in life in general. And they come in at $11 billion. Was their forecast last quarter? They come in at $13.5, and then the market was looking for about $12.5. This quarter they're in right now, August, September, and October, they say, no, we're not gonna do $12.5. We're gonna do $16 billion in that quarter. Even with all the optimism built into it. Boy, you talk about an acceleration to what they're talking about here. Yeah, so you jump over to NVIDIA shares, man. You're trading at $506, you're up above $35. That's gonna be an all-time high print for NVIDIA on the open. We jump around some of the other stocks getting impacted by that. You jump over to Amazon, catching a slight lift. They were up by a couple bucks. No huge reaction. You jump over to Microsoft. They gotta lift this morning, man. Back to a 10-minute chart. There's your pop on NVIDIA. You go from $3.28 to $3.33. Again, Microsoft, you're talking about all-time highs at $3.66 just recently, yeah, seven, eight days ago before we got a little bit of a pullback, but this may be the ignition of another little rally right here because, boy, AI, it is not going away anytime soon. Just mammoth numbers, 72% margins. I guess it would make sense when you're selling chips that cost $30,000 and some of those chips, I was looking at them this morning, can't help but be curious of how you're making that type of money. Maybe some, and this is where, this is our man, Dave White, he would be having some spectacular shows with the NVIDIA right now. The H100 is one of their biggest chips out there. $30,000 is what they're selling that bad boy for. Going for more than that, basically, if you're getting an aftermarket chip and they're gonna sell about a half million of those maybe this year and those chips cost them just over $3,000 to make. Pretty remarkable, they're selling them for $30,000, they're making them for $3,000, they're gonna sell $550,000. Look at, these are just cherry-picked articles, folks, okay? NVIDIA, this is prior to the earnings event, okay? H100 GPUs, $550,000 is what they're gonna be pushing out. Yeah, about $3,300 is what it costs them to make it and they sell it for $30,000. That's a 1,000% markup on those chips. They sell more than that, they got the data center in there as well. But boy, you can't beat on any more of a dramatic fashion than they just did, folks, and you back it up to where we were 90 days ago, you back it up before then. We've had a few gaps, right? You could say the writing was on the wall back in February when you actually got a gap on their numbers. When you were at 200, you come into the earnings, you come into the next earnings at 300, you come into these earnings at 470, call it 500. The multiples are getting pretty lofty, but boy, when you get forecasts where you're raising the revenue from 12.6 to 16, folks, that's like a 30% beat on revenue that you just guided to the top side. And keep in mind, this is not like a business like Walmart, okay, and we know that, but the reason why it's such a dramatic shift when you get that type of a revenue rise, the margins are bonkers. So they're making 72% margins and they just went from taking in maybe $12 billion over the next 90 days to taking in $16 billion and their margins are through the roof. What does that mean? Lots of profits to go around. $25 billion share buyback as well in those NVIDIA numbers. So watch out on the open, man, because yeah, we are higher, but boy, I don't even think the market that they were gonna come in, could have factored in that they were coming in at 16 billion. Pretty remarkable. Yeah, look at it. So I'm jumping into it. I had to watch the journal article up here, right? We were just looking at the data center broken down by fiscal year, right? That's where Bloomberg has it. And let's take a look because the data center is like bonkers, man, in terms of their data center revenue per quarter, they're looking for a huge acceleration in the second quarter of 2024. Look at these numbers, man. Absolutely remarkable in terms of where they are. So this is the journal article saying it's just getting started, okay? And that may be the case, but keep in mind, folks, that it's just getting started, but the market knows that, which is why they're trading at multiples that are even gonna be more lofty today than they were yesterday, right? We'll talk to our man, Kevin Hinks, after the break, what was he saying yesterday? I think the PE was like 235, something like that. Well, it's gonna be more than that today. They're making more earnings, so it's gonna shift that PE a bit. But boy, lofty prices to say the least. And yeah, check out the data center revenue per a quarter. It used to be nothing, man. It used to be like 4 billion in the first quarter of 2018. That's 410 million, which is still a number. Well, guess what? It's gonna be $10 billion in the middle of 2024. That's 90 days, man. Absolutely remarkable. Yeah, just going down the numbers. Data center revenue, 10.3 billion. A huge jump for the business that was running at less than 4 billion a quarter just six months ago. I mean, these numbers, video game style numbers, man. So be careful if you are ever thinking about shorting this equity, man. We'll see where we go. The open's gonna be an interesting one to say the least, folks. We're gonna have all these stocks rocking. You jump over, as I mentioned, to Microsoft shares. You're up by about $6, $7. You jump over to Google. They are higher as well. We're coming back for the open, NASDAQ 100. Up by a full percent. Stay tuned, folks. Excuse me, we've got one more segment coming back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. 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Let's jump over to our man, Kevin Hinks. Every trading day, folks, 12 noon Eastern Time, fast market from the Schwab network. Kevin Hinks, Tom White, the team, do an outstanding job of breaking down the day's market action, and let's just get right into it. Boy, Kevin Hinks, a lot to like in those NVIDIA earnings, man. Where do we begin? Good morning. Good morning, Tommy or Brian. Yeah, hyperbole is becoming kind of commonplace now when we talk to NVIDIA.  And the other question that can the growth keep up with the valuation? And at least for right now, Tommy, short-term, the answer is yes. I mean, some of the numbers, Jensen Warren's comment, talking yesterday about we are not shipping close to demand.  I mean, Microsoft's CapEx this year is $8.9 billion. And so think of the money that they're going to spend. This is a company growing like a level. AMD is coming out with chips. And we've already read that some of these other companies are coming out with Google Alphabet, Microsoft, Amazon, all working on in-house chips. Why? When something gets this popular, you know these little shops and little rooms in these large companies with big money are throwing money at AI and trying to develop these ships. So I expect competition to come in. But when, Tommy? And from what level in NVIDIA, the question that's torturing traders today. Torturing, man. Boy, yeah, you talk about some numbers. You surmised it well, man. And some of the margins they're dealing with are just video game-style numbers, man. What was it? 72% I think they're dealing with margins. So pretty remarkable you bring a revenue beat like that when you're talking about margins like that. So much money going to the bottom line. $25 billion share buyback. Boy, and we're going to get to see those stocks rock today with NVIDIA right now. I got it up on the Thinkorswim platform at about $503, spiked to a round number of $520 last night. With that in mind, Kevin, we move forward. We're going to get a lift this morning, man. And we jump to Jackson Hole tomorrow. What are you looking for some market action? We've been talking about it, but we're about 24 hours out right now from the chairman's speech. Where are you trying to position yourself? How are you thinking about that as we come into yet another lift in the markets as we come into Jackson Hole? Yeah, today will be a tricky day, Tommy, because Boeing's going to weigh down the Dow. That's why it's struggling. Even though this is a great day for the NASDAQ, pretty solid day for the S&P, you all know when things seem so obvious, you've got to be very wary. So I look at this overall market starting the day where it is. As much as we'd like to say differently, it's mixed. I mean, you've got the Russell and the Dow down. You've got the E-mini only up 7.16 of a percent. So I mean, you'd think the NASDAQ would be higher. But remember, these stocks have run into this number. So yeah, it's going to be interesting. I mean, right now as we sit, NVIDIA hasn't even covered their market maker moves yet. It was $45, $46. It's only about $31 higher. So don't think that this is just a knee-jerk, absolutely 100% chance that the market's going up today. But because you've got yields working against it, you've got the stronger US dollar working against it. There's macro pressures out there that could take some of the happiness out of the NVIDIA earnings, Tommy. Yeah, we get to find out. We got the opening bell in about 7 and 1 half minutes from right now. Always an interesting time, it seems, lately in the markets. As we come into late August trading, Kevin, we got Labor Day coming up in a week and a half, basically. With that in mind, we got lots to talk about. You guys got any equities planned for the program coming up at 12 o'clock today, Kevin? Like Bill, it was going to do a presentation on Ulta that has earnings after the bell. We'll trade Marvell, which has earnings after the bell. And then we'll trade Workday. Three names coming out with earnings today. We have actually a good group of stocks coming out with earnings today. So we'll trade Marvell, Ulta, Beauty, and Workday today, Tommy. Three interesting stocks, man. That Ulta one, boy, quite the chart to put it lightly. Up to $5.56, I have it up here in the think-of-some platform. We've backed off a bit, kind of right to last year's high, approaching $4.37. Well, Kevin, I appreciate the time on a busy morning, as always, man. We'll be watching Fast Market at 12 today on the Schwab network. And I look forward to talking to you next week, man. You have a great one, and we'll talk to you on Tuesday, OK? Talk soon. Sounds great. Folks, tune in at 12 o'clock today. You heard it. They're talking Ulta. They're talking Marvell. They're talking Workday. I'm sure they might talk a little bit of what's going on in this market with NVIDIA digesting those numbers as well. And yeah, Kevin said it well, man. Boy, you talk about beats across the board. But a lot of optimism as we come into this market. And boy, you only have the S&P up 17 points, right? Meanwhile, the Magnificent 7 getting quite a lift this morning with NVIDIA shares up by $30, as Kevin put it, not even in the expected move, though. All right? You jump over to the Analyze tab. You jump into the simulated trades, folks. You take a look at the action. If you were buying these prices or as of the close of action last night, OK? You had NVIDIA trading about $470. You've got to expand this a bit to get all the contracts that are at the money. There's your $470s. OK, if you're buying a call, a $470 call, you're paying about $23 for that call. Yeah. And what do you got right now? Well, you're about $33. So yeah, you have a small beat to the upside. But you see the point, man. Quite the move, priced in. And you've barely beat the expected move, even if you were directionally correct, right? The volatility that's priced in is either direction. If you're buying a call, yes, you're profitable. And this is why, folks. Check out Fast Market on the Schwab Network. We air it right here on Tiger TV every day at 12 noon Eastern time. I've learned so much myself over the years from Kevin Hanks, the team over at the Schwab Network, what they've put together, the way they walk you through hypothetical trade setups. Because what Kevin often says, right, is that you need a market bias. And then what they teach you to do is to take that market bias and to construct the best trade you can using your market biases, OK, to build a trade with the best risk reward profile over what you expect is going to happen. So in this instance, and I'm doing hypotheticals here completely, OK, this is my hypothetical. But you could have said, if you were looking for this type of action from Nvidia, right, one of the things you want to be thinking about is, OK, I'm looking for a beat here. But guess what? Man, we got a lot of optimism priced into this equity, right? We're dealing with multiples to get in video game style numbers. Maybe instead of being the person that's going to be the one buying a call, maybe instead of being the one that's going to pay the premium to the upside, I know that even as a bull here, even as a bull that thinks Nvidia is going to crush it in their numbers after the market on Wednesday, I say to myself, you know what, though, man, paying $23 for a 4.70 at the money call, basically, right? You closed at 4.71. A dollar in this equity is nothing coming into earnings. So you're paying about $23 to $22 of premium for that 4.70. You know what you could have done, folks? You can be the seller of premium. Maybe it made more sense in that estimate to sell a put spread. Sell a credit put spread, where you're the one absorbing the $23 of premium for a 4.70 put, OK? Now, maybe you want to cap that by buying a put a little bit below the market. You give yourself a credit spread. But you see the difference here, man. As we're at 4.504, yes, you've beat the expected move. But boy, we got a lot of volatility priced into this equity. We're going to see where we come back for the open, folks. You got the NASDAQ. Up by about 1% on the dot. S&Ps up by 18. Stay tuned, folks. We'll come back for that opening bell. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar Swiss, dollar yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30-year T-bonds, as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive. He just hosted forex strategies and fundamentals. What is behind the Tiger Forex report? For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis, and it's not just dry, tedious text either. 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Like Kevin was saying, that's where experience folks comes into things. You come into it at some pretty lofty levels right now, but boy, I don't know if ironic would be the word, but nonetheless, we actually dip a little bit of lower. As you have the NASDAQ 100 up only three quarters percent right now, think about it, we got these stocks crushing it, right? Dow actually positive. Kevin mentioned it, you got Boeing trading lower today. They catch a bid on the open, Boeing off about 2.1% right now. That having to do with the new 737 MAX, well, the people putting it together, they're just drilling holes where they shouldn't be drilling a man, improperly drilled holes discovered in a key plane component. Can you imagine what goes into building these planes, man? No material impact on the delivery range is what they're talking about here. Nonetheless, another complication. Yeah, during factory inspections, we have identified fashion holes that did not conform to our specs in the pressure bulkhead. Seems like that would be an important area, the pressure bulkhead drilling holes into the pressure bulkhead. Yeah, so you're getting a pullback there, the 737 MAX having a few problems, but nonetheless Boeing catches a lift only off about 2% right now. Let's see how Nvidia trades on the open. What are we saying? Are we saying higher or lower? Wow, get the NASDAQ pullback. Look at this thing, man. I mean, can you imagine, this is where you're in a losing position if you bought it at the money call last night, folks. This is why you gotta understand options. It's why you gotta check out fast market if you've never checked it out, folks. Gotta be frustrating if you're buying a call towards the close of action yesterday and you're actually breaking even to losing money this morning. We got a pullback, Nvidia is still up by 5%, still up $23 from where we were at the close of yesterday, but boy, I can't beat more dramatically than that. We got some sellers this morning on that strong news. Microsoft shares, what? We were up by six, seven bucks. We're not even up a percent for Microsoft. You jump over to Amazon shares, they're up by 410th percent, Apple shares right now, actually in the negative by 310th percent. We jump over to Tesla in the red. They sell off as well. We jump over to Google shares, holding on to gains, but a little bit of a sell off. We gonna roll over red today? Come on, that would be remarkable. Nonetheless, Boeing shares off about 3% right now. All right, we jumped to jobless claims. A distant data point this morning with everything else going on, but jobless claims dropped to 230,000, the lowest in three weeks. Applications for unemployment fell for a second week. Hawaii saw the biggest jump since the start of the pandemic after the fires they were dealing with there. So initial claims decreased by 10,000 to 230. On an adjusted basis claims declined last week to around 198, that's the lowest since October. However, the drop was offset somewhat by the biggest jump in applications in Hawaii since the onset of the pandemic after those wildfires. So you check out where we are in Hawaii, right? That's only 5,000, but you see the type of difference you have there in terms of that 5,000 coming in. We're dealing with 230 overall, so pretty negligible number, but obviously they're dealing with some really tough situations to put it lightly in Hawaii, and a lot of people dealing with jobless claims as that state goes through quite a disaster. Nonetheless, we get jobless claims, continuing claims, which include those who have received benefits for longer than a week actually edging down to 1.7 million in the period. Yeah, so we'll see where we go from there. Boy, we got to talk a little bit about Russia for a moment. He's shored up that power, all right?  Putin shores up power base after Pergosian plane crash in Russia. Is it the crash or is it, is that what you call it? I guess you call it a crash when even it's shot down potentially by a missile. When I first saw the headlines, I said, really, was that guy so foolish just to be flying out of Moscow on a 10-person plane with his name on the manifest? Yes, that seems to be exactly what happened, man. No matter how smart you think people are, man, sometimes they just do the stupidest things, all right? Whether it's greed, whether it's ego, whatever it is, he flew out of Moscow on a 10-person plane and his name was on the manifest, folks, and they just shot it out of the sky. It just shows you who's in charge over there and Putin's got no shame, man, at all. He does not care. Probably wanted it to be that way. And that's the end of that, as they say. Many anelites say Wagner leader's demise is a stabilizing factor. Well, it's stabilizing, all right? Stabilizing for Putin. Not sure if people in Russia are happy about that. Some may be, some may be not. But boy, quite a spectacular end. Only about 60 days after it all began. It was June 23rd. There it is, and on August 23rd, he's getting shot out of the sky. That was his video as they started. That uprising, and yeah, just pretty wild, man. And it does, you know, it's, it reminded me a bit, I was thinking about this last night, as these markets roll over. Are we gonna get negative prices in the Nasdaq, my 100? My goodness, that would be bonkers. What's the video doing? They're holding on to the gains, but I think everything else is selling off a bit. Microsoft, only up about eight-tenths percent right now. Amazon barely in the positive right now. Google shares barely in the positive. Boy, this is quite a pullback. Let's check out what we got going on else. VIX, basically unchanged right now at 1587. We keep our eye on the dollar index right now. Dollar spike in higher to 103.87. We check out yields. Yields sitting back at about 109.20, longer-term picture. Pretty close to those lows, right? Yeah, we don't have a 108 handle anymore, and we had a 108 handle earlier in the week, at 108.28. Take a little bit of a longer-term picture, man. And you're talking about 109.18. When even this year, we were pushing 117 almost, let alone where we've been in recent years. So yeah, pushing lower levels right now. We get higher yields. You got a stronger dollar. And we got the Nasdaq barely hanging on the gains, man. You're only positive by 40 points. The sell-off continues. We just dropped over 100 points from the open, man. So we're at 15246. We'll see where we go from there. All right, what else we got pulled up here? Yeah, we talked about Nvidia. We talked about Boeing. Yeah, I got a few others. We go to Chairman Powell, man. We're 24 hours out. You take a look and we talked about yields. We talked about the dollar, man. Very interesting action as we get a little bit of a sell-off. I mean, if you had the winning trade, I guess why would you hold through Chairman Powell's Jackson Hole when optimism is at basically all-time highs for AI? The multiples were dealing with their almost video game-style numbers. And we're talking about moves, folks, in a matter of days. I mean, last Friday, we were at 416. We're at 520 last night, let alone sitting at 493, right? Can't blame anybody taking some money off the table. Why would you be withstanding the Jackson Hole speech tomorrow when it seems like everything is priced for perfection as in the tech stocks coming in, the market pricing things with a fed that has been accommodating to put it lightly, right? I think there's a lot of risk right now. We're seeing rates kind of reprice themselves, but there is a lot of risk when you think about what Chairman Powell could say that could spook the markets a bit or what Chairman Powell could say that could accelerate them and how do you accelerate them when they're already getting accelerated, right? They've already been accelerated. So that's kind of the worry. The worry here is they're accelerating so much that they are not going to allow the economy to cool enough to tame inflation, which is what is necessary. Well, we get to find out, man. We are 24 hours and 30, 27 minutes, about 24 hours. He speaks at 10 o'clock tomorrow morning, 10.05, maybe the exact number that he's talking at. And as I mentioned, we go over to yields right now. We got the tenure, we're sitting at a yield on the tenure right now, 4.22%, 1.22%. Stay tuned, folks, we'll be coming back when I talk a little gold report. My dad, he's got a webinar coming up in six days. We'll be right back. We'll talk some gold. 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We were trading at 44.76 as of seven AM.  And meanwhile, we got the S&Ps now off 20 plus points from that price point. You got the NASDAQ 100 up 18. Gotta love this market, man. Never think you know more than this market, folks. NVIDIA shares up only $18. There's your losing position if you bought a call at the money last night, right? You jump over and what are they trading at right now? We pull them up, let's see. You're still gonna have some volatility in them. Oh no, look at you, you're getting a dramatic action. This is where options are great, folks. So we looked at it, right? There is so much volatility priced into today and tomorrow that you still got a $20 price tag for the 470s. And what were these last night, 23? Yeah, so you've lost money. Yeah, so you've lost money. Yeah, they were $23 last night and you can get out of them right now for 21. Meanwhile, the stocks jumped about 17 bucks. Should make sense, because you need a bigger move than that. Just interesting across the board. Let's check out some of those other stocks. As we got the Nasdaq rolling over, you got Microsoft shares, GIFs hit up the whole thing. Microsoft up 810th percent, Amazon shares in the red this morning, 135 Google shares up about 210th percent, Apple the big dog down 610th percent. Some of the other chip stocks, AMD gives it all up. They're down 1.5%. Don't be a competitor, folks. Intel down about 410th percent, absolutely remarkable. All right, I mentioned it. Folks, my dad, he's got his. First, Gold Report. Subscribe our webinar coming up in almost four years, man. Time is amazing. I was talking to him last night. Last one he did was 2019, man. So get in there and subscribe to the Gold Report, folks. He has had, it's 1,100 weeks he's been writing this. I'm gonna be in there. He's having some great trades and he thinks the gold market's ready and that's why he's excited to do it. What moves the gold market? Is the name of the webinar, it will be next Wednesday, 4 to 5 p.m. Eastern time. You can go to the Gold Report subscriber webinar Wednesday, you come back Thursday, get ready for Labor Day weekend. Yeah, pretty remarkable, we're there, man. What he's gonna be talking about, a deep dive into the markets, going over gold, bonds, and the dollar. Where are they now? What to look for as gold and the bonds move higher and the dollar moves lower? He's gonna break down the XAU, the HUI, and the GDX. How are they trading and what to look for as we move higher? He'll talk about some of the gold equities that he has in the Gold Report. He'll be able to answer your questions live. He just had a new equity that he purchased on Monday, that equity in the Gold Report. The Silver Company, still below where they got into it, folks. He's got three active positions beyond that. And yes, check out the Gold Report. My dad will be talking about it this afternoon, I'm sure. If you've never checked it out, folks, now's the time to do it. You can sign up by clicking on the front page of TFNN. You can either sign up for the month, the six month, or the yearly. The six month, you can get in there for a 22% savings, save $133. You save almost $400 for the year. It's a buck 19 for the month. And remember, all of these come with a 30-day money-back guarantee. So if you're thinking about signing up and staying on, I encourage you to sign up for the six month, sign up for the year. You still get a 30-day money-back guarantee if you're unhappy within 30 days. You call up, you cancel, you request your money-back guarantee, you reprocess it, and it makes sense to sign up for those longer ones if you're planning on staying. And yeah, either way, you get a month of the Gold Report, you gain access to the report right when you sign up, and then you'll gain access to that archive with my dad, Tom O'Brien, a week from yesterday. So six days from right now, man. He wants to get in there, he wants to be talking about that Gold Report right now. And if you, excuse me, if you, I've been listening to his program, okay? Then you know that he's thinking the time may be now, man. It ties into bonds, it ties into the dollar. We've had some magnificent moves in both of them recently. And so Tom's gonna be in there. My dad, next Wednesday, folks. He'll be talking about that on his show coming up at three o'clock today. We just announced that this morning. So get in there, subscribe to the Gold Report right now. Don't wait, because he's got the report out there. You can get into it. If you're planning on going, why not sign up right now? You can access the Gold Report right now, see what he's into, see what he was buying on Monday. And it comes with a 30-day money-back guarantee. And as I mentioned, the last webinar, I think it was September of 2019. This one is August of 2023. He almost made it four years. We got him in there. So they don't come off in folks, don't miss it. It's coming up in six days. Check it out. I'm a little biased, he's my dad, but I'll be watching as well. And boy, you talk about a market, man. Just can't overstate how amazing this is. Let's check out the VIX this morning as we got a little bit of a sell-off. No real sell-off on the S&Ps. Now remember, on the VIX, excuse me, remember, the VIX is predicated on the S&P, okay? So not predicated on the NASDAQ, or we just lost a full percent. NASDAQ just gave up a full percent in the last 17 minutes of trading, man. Cannot overstate how dramatic the moves are in this market. We jump over to Crude. We just touched a recent low, Crude 77-78. We were down to 77-59. You talk about volatility everywhere, man. Crude just dropped a buck 50 from where we were trading at a couple hours ago. We jumped to that gold contract, 1942. We keep our eye on the dollar index. Pulling back a bit, 103.75. We were as high as almost 104, pushing those recent highs. A little bit of a bigger picture on the dollar index as we've been talking about. Now above where we were at the beginning of July, we're trading at 103.75. Seems like it's bumping up against that 104 area. Now keep in mind that 104 area, we might have a little bit of resistance coming into the highs at the end of May in the early part of June. Above that, you're looking at 106 almost from where we were in March. About the dollar, 103.75 right now. And we jumped to those 10 years right now, the 10 year. As I mentioned, we keep checking it, but boy, it's important. We're coming into Jackson Hole in about 24 hours from right now. We got the 10 years sitting at 109.23. All right, what else we got pulled up here? We talked about Boeing, jobless claims, NVIDIA. Yeah, one last one tidbit on NVIDIA, man. Wall Street's last analyst with the cell on NVIDIA gives in. It's about time, man. 54 buy ratings from analysts. Boy, that has to be a tough one when you're the last one on the block somehow holding out saying NVIDIA is not a buy and that thing just will not stop. Morningstar upgraded the chip maker to a hold after blowout results on Wednesday. And listen, they might be providing some sanity into a little bit of an insane market right now, but they're getting left in the dust as an analyst. And yeah, you're higher. And let's see if NVIDIA is hanging onto those gains. I think they're one of the select few actually right now. Everything else selling off a bit. Not giving it up, man. Every time, this is remarkable. Look at this drop, man. Listen, you know what the best thing you can do is they always say learn from your mistakes, folks, okay? Everybody makes mistakes in every part of life. The older you get, the more you realize that everyone makes mistakes. Don't dwell on them, just learn from them, okay? You know what's even better than learning from your mistakes, learning from somebody else's mistakes, okay? Try and do that as well. If you weren't a seller in this market on the open, it's okay, as in if you were a buyer yesterday and you didn't say, hey, I'm taking your profits on the open, that's okay. We all make those decisions. They are risk or war decisions. You made a risk or war decision. You thought it was going higher, it didn't. Well, what happened? You treated lower. So you were willing to risk those profits. You lost those profits, okay? While we move on, just remember though, folks, how quickly the market can give it and it can take it back, okay? Just that quick, absolutely remarkable. I don't think many people had Nvidia shares printing a 481 print prior to 10 a.m. this morning. I don't think many have the Nasdaq 100 minus by seven. Where are we gonna be by the time I'm off the air? Stay tuned, folks, one more segment. Don't go away. TFNN has just launched their new trading room, the Tiger Zen, 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 Zen, available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger Zen, 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 Tigresses as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger Zen 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. 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Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Welcome back, folks. We have the Nasdaq 100 briefly in the red and maybe that was the plunge as we get a little bit of a lift from negative prices. You get the Nasdaq 100 barely in the green right now. Pretty remarkable Nasdaq, only up by one 10th percent. S&P's up by three 10th percent. Dow up by three 10th percent, complete reversal of everything we had going on at the open, man. Seems like there's been a little bit of a rotation. Our man Basel Chapman loves to talk about those rotations, man. And we just got a rotation out of growth stocks and into the Dow, whatever it be. Let's jump over to Boeing because they were putting a real hurt on the Dow. Still off by 3.2 percent. So we got action across the board in terms of the Dow trading hire. Nasdaq gives it up. We're back to 15,220 right now. You get the Russell in negative prices. We jump over to NVIDIA as we are at 484 or up by $13 or 2.8 percent. You're really just back to where you were at the beginning of Tuesday. This is where our experience pays off, man, realizing that, hey, there's a lot of optimism in this. What happens if we roll over negative? Can you imagine if NVIDIA goes negative today? Talk about a lesson, man. It is possible, folks, we're only 10 bucks higher. 10 bucks in this stock is a heartbeat. Remember that we were just at 416 on Friday. Remember that we came into the last earnings at 300, I think is where we were. We came into the earnings before that at 200. And you're talking about a company right now, $1.2 trillion, $1.2 trillion. That's quite a price tag, man. You talk about a rise. Let's keep our eye on some of those other fank stocks, Amazon shares. Yeah, everything's a give up. We've settled a bit. Microsoft's still in the positive barely by about half a percent.  Tesla off 1.3 percent in those other chip makers, man. Look at AMD, right? 106.50, you're off by 3 percent. You were higher in the pre-market. Intel bounces again. They're barely positive. Quite the market, folks, to say the least. All right, folks, stay tuned. We got a man, Basil Chapman coming up next. And don't forget, folks, you can check out the opening call as well. Basil did an outstanding webinar for his subscribers last night. 90 minutes, that's gonna be archived today. If you're thinking about checking out the opening call, check that out as well. Yeah, we get those fank stocks moving, right? A lot of action in the market. Can't wait to see you tomorrow as we get Jackson Hole, but stay tuned, folks. We got our man, Basil Chapman. He's up next. Have a great Thursday, everybody. We'll see you tomorrow.


Okay, so one of you please pray, then we can get straight into God's Word, Prince, would you be able to lead us and pray? Yes, yes ma'am. Yeah, sure, go ahead. Thank you, thank you Lord, thank you, I give glory to you in this time Lord, in this morning Lord. You've given us one more month in our life Lord, thank you for that. Lord, we pray as we're going to learn your Word now, help us to understand and Holy Spirit help us according your will Lord. Thank you Lord, I pray that all the students are also positive and Nancy, I pray your revelation in our life more and more we plow Lord, thank you, I pray, I submit all the student in your hand, all the time in your hand Lord, thank you, thank you Lord. In this morning, in Jesus name I pray, amen. Amen, thank you, thank you Prince. So in the last class we saw how the Lord Jesus did one of the most powerful miracles which was the resurrection of Lazarus and once this was done, we expect that people will start trusting in Him and believing in Him but we saw that the Pharisees and the Jews, they were even more infuriated because they felt that people will now give their attention to Jesus. So that's what we were looking at, so they were plotting to kill Jesus, they were also upset about Lazarus, so they also had a plot to kill Lazarus and this is what was going on and at that time we also saw how the triumphal entry, we saw the Lord Jesus enter on a donkey and He was greeted by the people with the palm branch and this was in fulfilment of prophecy, so all this was taking place and this was very close to Passover, very close to Passover and we know that the Lord Jesus was crucified. Again some say that it was on the day of Passover, some say that maybe it was the previous day but around Passover is when the crucifixion of Jesus actually took place. So in what Jesus is actually doing now is He is preparing the hearts of His disciples because the timing of His departure is very close, so a lot of what we are going to look at now is just in preparation to that, He is telling them again and again that I am not going to be around and I am finally going to be completing what the Lord, what God has called me to do, so He is speaking, He has always spoken about His death but now He is speaking more plainly, He is speaking more, He is speaking repeatedly so that His disciples are well prepared for what is to come, so that is what is unfolding right now and we also saw how when Mary she anoints Jesus, that is in a sense a preparation for His burial and God is like the events are unfolding in such a way that the work for which Jesus was born is finally going to take place, so I think we were somewhere at around verse, we did a couple of verses but I will still back up at verse 20, I know we touched a few verses ahead but let's maybe look at some of these key verses because it has a lot of meaning in it, so verse 20, there are some Greeks who come and they want to hear Jesus, they want to talk to Him and you know Jesus when they come, maybe these are just people who are seekers and they want to understand whether Jesus is the Messiah, so there are people who are coming seeking in a positive way, there are people who are coming in who are questioning Him despite all the I am claims, so far we have seen the claims of Jesus where He is very clearly spoken of Him being the Messiah and also deity but people were not willing to accept it, so you had people who came in to question that and you know repeatedly ask Him okay tell us who are you, because they were being, they felt threatened by the person and the works of Jesus, now when these Greeks come and ask to meet Him, you know He makes a statement which is a very deep statement, in verse 24 He says most assuredly I say to you unless a grain of wheat falls into the ground and dies it remains alone but if it dies it produces much grain, He who loves this life will lose it and He who hates this life in this world will keep it for eternal life, if anyone serves me, if anyone serves me let Him follow me and where I am there my servant will be also, if anyone serves me Him my Father will honor, so in a very quick way I had told in the last class that Jesus is talking about His own death and He says when a wheat of grain falls to the ground and dies so we know that whenever we plant seed in the ground okay we could think that the seed when it is buried in the ground it actually dies because it is hidden away from us okay and it is hidden away from the light and the environment in which we live in but you know the going into the ground of the seed actually means that it has a new beginning that life is going to enter in such a way that this seed will now germinate into a plant and then you know whatever that seed contains the character of the seed is going to emerge so beautifully and if that seed is meant to be a fruit bearing tree then you know it's amazing to see how out of that one seed you see an amazing you know a marvelous great grand tree sort of coming up and yielding fruit to nurture and bless others so you know in this just having this picture in mind what Jesus is saying is for the world and for Satan okay Satan obviously is very happy with the idea that the son of God is going to be betrayed beaten and killed but you know Jesus knows the depth of what God is trying to do through His mighty work so Jesus is trying to explain to His disciples I don't know how far they understood but He's trying to tell them that the end in this case is actually the beginning okay the depth in this case is actually the resurrection in the hopelessness of the situation that Jesus is going to die there is actually hope so you know He's saying that when the wheat falls into the ground and dies so that is like the end it remains alone but if it dies it produces much grain so He's talking about the blessing that the cross is going to become to the world and He was trying to reveal I mean there is revelation in this but the disciples you know they were maybe they were just getting bits and pieces of what He's trying to say here and there you know this temple in three days I will raise it up if it is destroyed in three days I will raise it up so they're just getting bits and pieces of the understanding and it could be possible that when the disciples thought that they are following the Messiah like the others around they must have also had this hope in their hearts that this man will overthrow the government and he will become one of those national leaders you know when Jesus came on the donkey and people waved the palm you know palm leaves and they greeted Jesus maybe even those who did that had an idea that this man you know he's done all the miracles and he speaks with authority he knows scriptures maybe he'll make for a better leader maybe he'll make for a better national leader in comparison to the government officials whom we already have so the disciples as well could have thought that Jesus is going to establish the government and you know we are going to become great in that government he will give all of us a position but you see time and again time and again Jesus is repeatedly telling them that I'm going I'm going away okay it's not how you thought this government is not the way you have planned in your heart but I'm going away and he's repeating that and he's also trying to help them understand that in his going away in his death there lies a blessing which is going to bring about redemption of you know all many people so it's actually going to be a fruitful thing for him to die and he's talking here he's adding to it and he's saying he who loves his life will lose it okay along the in the same vein he's saying that see and whatever Jesus is saying right it is applicable to him that he is going to let go of his life and that will become a blessing for the people that will be an act of obedience to the father but you see as disciples even for us following the example of Jesus okay is something that will impact us in the same way so if Jesus was ready to die okay and if Jesus was ready to lose his life he's talking about losing his life okay and he's also talking about hating one's own life so what does it mean see it's very simple for us as believers we don't have to die on the cross the way Jesus died because one perfect sacrifice was needed and Jesus became that perfect sacrifice however for us dying looks a little different and that dying is us denying our self okay so again in verse 26 he says if anyone serves me let them follow me so anybody who is a disciple of Christ we may not we we definitely need not die on the cross like Jesus now it may be possible that some of the disciples become martyrs martyrs are people who die for the sake of the gospel so some may become martyrs so literally in that sense they may die but the dying which is going to be applicable to every disciple whether they die physically for the gospel as a martyr or not is dying to self denying self following God you know walking in obedience this is what Jesus is talking about and in one sense you know death brings life this kind of death is going to bring life okay when we try to discipline ourselves for the sake of the gospel it is very painful it can be very painful for the flesh because we want to do things the way we like but we are learning here that we must walk in the example of Christ and his example was to die to self a wheat of grain falls to the ground it is going to produce much fruit so in that way now when we die to our own desires when we die to what we think you know our life should be about God can do so much from our lives through our lives so that is something that we understand by what the Lord Jesus did and of course you know we saw how again he was telling them that I'm going away so he he is he you know very strong and projecting this image to his disciples that I'm okay I can face this but you know Jesus was real we know that he was fully man and he was fully God so he felt all the emotions that a human being would feel so you know he did become vulnerable to his disciples and he said I'm my soul is troubled and what shall I say father save me from the sour so Jesus was very honest with the people that he loved the people that he worked with and you know he was honest with God as well he was not trying to make things look something different from what it actually was so you know it's a big lesson for us about the way we relate to God he was not engaging in you know sometimes prayer becomes a grumbling arguing complaining ministry people take their problems to God and they are you know like bombarding God why God why how this and that but you know that's not the manner in which he brought out his pain it was a very honorable and a very reverent way where he says God honestly like my soul is troubled you know I what shall I say you know father save me from the sour honestly I want to escape because I know what I'm going to go through the incidents that line up before him being actually crucified on the cross and the painful death on the cross but still you know he gives it and he says father glorify your name okay so it shows us how to relate with God even at times when we don't want to walk in the way which God wants us to take but in an honorable way Jesus is presenting his request before the Lord and you know God affirms that he confirms it and he says yeah I will glorify I have glorified it and will again glorify it so in this manner he is revealing and again we saw that's one more passage where he says he's going away he says yeah if I am lifted up from the earth will draw all people to myself so again there is a clue for the disciples I'm going away I'm not going to be with you physically enough course over here in this passage we see he said that the ruler of this world will be cast out so you see he is introducing his death which is coming up but each time you also notice that he is giving them the spiritual perspective of it in the natural perspective the grain falls to the ground and dies so it's a very sad thing but the spiritual perspective is it is going to bear much fruit here again he says that when I'm lifted up what is lifted up the elevation is a physical elevation because he will be on a cross so he will be lifted up from the ground but it's also a spiritual elevation where you know he will through the cross he would have done something for the glory of God's name that will go will redeem mankind so that's another spiritual form of lifting up and you see he's proclaiming the victory of the cross here and he's saying the ruler of this world will be cast out so when we look at things only in the natural it seems hopeless it seems like that is the end sometimes we wonder God how can a cross you know Paul writes in the book of Corinthians he says the cross is the wisdom of God it is the power of God those who are of the world right for them it is foolishness if we only look at the natural about the cross it seems like foolishness okay I will be lifted up grain falls to the ground we feel sad oh god we thought you're going to establish a government here but you're going away and you're going to die in such a you know such a helpless way what kind of a leader can this be it's a natural way of thinking okay so when we think about what God is doing in the natural we use a natural mind we know right natural mind spiritual mind carnal mind we don't grasp what God is up to but when we look at it with a spiritual mind then we understand okay the grain falls to the ground but it would produce much fruit when I'm lifted up I will draw all men unto myself right draw all men unto me the ruler of this world will be cast out so there are spiritual like you know there are spiritual results that are going to come from the natural that God the Jesus is going to do so for a spiritual person who understands these things you know it brings a it brings a rejoicing that wow God has thought like this to bring victory for the people to bring a freedom for the people and that is why Jesus has to go through this really painful death yeah so Jesus is going on sharing and informing his disciples look at and you know people obviously they didn't understand what he's saying because they were listening from natural mind so they're asking him questions like the son of man must be lifted up who is the son of man you know they're not able to understand then Jesus makes it little more clearer and he says a little while longer the light is with you walk while you have the light less darkness overtake you he who walks in darkness does not know where he's going so remember he introduced himself as the light of the world so he was telling them that his earthly ministry was coming to an end you know it's beautiful how Jesus had such a sense of time earlier do you recall there were times when he said my hour has not yet come now what is what is he saying a little while longer the light is with you so he's so walking so intimately with the father that even the journey of his own life like which season of life this is he had clarity he knew earlier that nothing is going to happen to him because his time had not come now he's saying a little while and remember when we started this passage I told us that you're roughly one week away you know one week from the Passover so he knows about a week's time all everything that I have been living for it is going to take place and he is trying to clarify to the disciples and say you know this light walk in the light as long as there is light okay and obviously you know as we read this passage we can we can interpret it more based on scripture of course because he says things like you may become the sons of light so he was encouraging the disciples also and saying that you know if you understand me and you walk in my ways you will be like me and that's what happened to the disciples later on you know when they gave witness to the resurrection power of christ so he's preparing their hearts he's preparing their minds he's preparing them for the future you know that they are going to walk into very soon yeah and you know there were others who did not believe him okay despite his words and his signs and of course Jesus quoted from Isaiah and he kind of showed how you know scriptures already say that the some people their hearts will be hard and their eyes will be blinded so even though they are able to see they are not able to understand what God is doing and in the light of all this you know he encourages the disciples and he says you know that you go ahead and believe okay the world will not believe the people around will not believe but you know I want you to believe and he who believes in me you know you will also believe in him who sent me so once again you know the concluding passenger in John chapter 12 that talks about the the relationship that the son has with the father okay so that relationship also comes in so basically you know he's talking as if he's doing a work but that is not just his work he has been delegated delegation means somebody has sent you to do the work somebody has authorized you so he's speaking about his relationship his connectedness but at the same time his submission to the father okay so here you see you know he says he who sees me sees him who sent me so Jesus had come authorized by the father and his life even earlier we saw how he said you know I do only what I see the father do so he was talking about you know how he was walking so obediently and he concludes this passage by making it clear he says for I have not spoken on my own authority but the father who sent me gave me a command what I should say and what I should speak earlier he said he does what he sees the father do now he's saying I speak you know as I hear the father whatever he tells me I speak that so this again shows us that Jesus was in incredible submission or in other words obedience to the father you know just think about it Jesus walked in great authority we talk about that but that authority can flow only out of submission because he's so well submitted to the father he's able to walk in that authority you see this he says for I verse 49 for I have not spoken on my own authority but the father who sent me gave me a command what I should say and what I should speak so he's making it clear that he's functioning out of the authority which he has received from the father and his statements here reveal that he's submitted to that authority and therefore in and through his life we see great authority whenever he taught you know people looked at him and said wow you know who is this man how come he's talking with so much of authority confidence when he did the miracles he said Lazarus come forth the dead man came back to life so there was there was power there was authority in his words there was authority displayed in the works that Jesus did where did that authority come from his submission to the father so you know this applies to us as long as we are sure that we are walking in submission to God we are walking in obedience to God you know that is a place of great confidence whatever we are doing whether in life whether in personal life whether in our ministry we will move with confidence we will move with greater authority okay so we must remember that so our submission to God is proportional to the authority that we walk in so the more we are submitted to God the greater the authority in which we can work or do ministry or you know live our everyday lives but the lesser our authority the lesser our submission the lesser our authority so Jesus was very well submitted to the father you know great submission 100 person submission so in the work which he did he's able to be confident yeah I'm doing only what the father asked me to do so I have nothing to be afraid of okay so that's a big lesson for us today many of us we are ministers of God right we will go we will preach and teach and do many things in the name of God but is are we doing it out of God's direction yes God told me to do this so I'm doing it then you see great confidence you see great authority flowing out of it but let's take for example God tells us like Jonah you know you go to Nineveh but if I'm going to Tarshish somewhere in my heart I'm not submitted to God God told me to go to Nineveh but I'm going to Tarshish so in that case what happens I'm not submitted so I'm not able to flow with that authority and be confident that hey I'm doing this I'm going to see God's blessing in my ministry I won't have that confidence right so I'm telling you in a very simple way but the the essence is that when we are submitted to God we can have great authority but when we are not submitted to God we will lack that authority and you see the life of Jesus very well submitted to the father no wonder you know he could he could be confident he could go against the devil he could cast out demons he could command dead man came back to life so submission in daily life is very very important okay so okay come let's move on I actually we could go verse by verse word by word which is what I was trying to do earlier but I think it's you know bragging a little bit so yeah my apologies for that I will try to just hit some key points so that you know you can get more out of it okay let's continue so I told us that these things whatever is taking place now this is in preparation to the death of Jesus so he has spoken to the disciples he's making it plain and now you know he comes to like before the Passover when Jesus was sure that you know he is going to be taken away he okay I'll read this verse because it is it gives a lot of meaning now before the feast of the Passover when Jesus knew that his hour had come that he should depart from this world to the father so we know timing is up time is up having loved his own who were in the world he loved them to the end okay so now we will read about his relationship now we spoke about his submission to the father okay that's quite clear now we will talk about his relationship to the disciples you know how is he relating John is writing here having loved his own who were in the world so he's making it clear that this is about his followers this is about the people who came to learn from his life or in other words his disciples what was the bond you know in a relationship there's always something that is bonding right if it is a workplace it is we honor our our you know boss or our leader we have the same goal to achieve something for the organization so that is the bond that is the primary bond over there but when you look at a family relationship or a marriage relationship you know there is love which is bonding we will talk about of course you know there's respect and all other things but the underlying thing we would say this is love because of love you know we the parents are with the children in the same way what is the bond that Jesus had with the disciples was it all of you you know I'll tell you what to do you do it it's like task only task oriented mission oriented go and save the world make disciples you know all those things are there but the core bond of the relationship that Jesus had with his disciples is having loved his own you see how Jesus is looking at the disciples he's not looking at them as servants he's not looking at them as you know some hired help slaves okay I'm delegating responsibility that's all no having loved so there is a bond of love which Jesus has with the disciples and we are told that he looked at them as his own you know you we don't think like that about disciples but that is the perspective that Jesus had for his disciples he says having loved his own who were in the world he loved them how did Jesus love these disciples it says to the end you know and some people they interpret this as till the till the time that he died he had love for them in his heart but there are others who interpret this and say that you know the love of God is eternal so it is beyond his earthly life Jesus loved them with that eternal love so for us today we are Jesus's disciples what is the bond which he has with us we can understand from here you know having loved his own he looks at us the same way you know there is a bond of love he looks at us as his own not as you know some people whom he wants to get some work done by so earlier his relationship with the father you know complete submission we understood his relationship with the disciples love okay and seeing them as his own now what is going on you know at this time so preparing in preparation to the Passover they would they would have this very special meal the Passover meal okay and so John is kind of describing that Passover meal and he's talking about the events that took place around that meal we know that people will people would have a meal with those who are close to them okay or those they want to build a relationship with in the in the Jewish culture so Jesus was with his loved ones he was with those that related closely with them which are his disciples so when the supper was ended you know John says it was ended but you know others when you read their other their accounts it seems like it was still ongoing but anyway when the supper was ended the devil having already put into the heart of Judas Iscariot to betray him okay so at this supper you know something something strange took place it seems like one of the disciples was already you know kind of away from God you know isn't it isn't it funny how Judas was there physically but his heart was far away from God and you know it is likely that he his heart was far away from God for a while remember in the earlier passage when Mary poured that expensive oil on the feet of Jesus he said hey this could have been given to the poor for 300 dinari so Judas is thinking very differently he's thinking in a very worldly way okay and of course Jesus knew it's you know the the motivation with which Judas said what he said was correct yeah it could have been given to the poor but Jesus understood the motivation this man is after that money he could have sold it and he could have he probably has been doing this with the treasury he was in charge of the treasury so he's probably been doing it so when we read here that the devil having put it into the heart of Judas it may not be the first time the devil is putting a thought in his heart okay so Judas may have been opening up his heart again and again to the devil you know the devil what does he put in our hearts he will put envy bitterness anger against people so many things he'll put it in our hearts but it's up to us that is why we say we must renew our minds that is why we say that you know we must keep out the devil like give no room to the devil so if Judas had cast out these evil thoughts bringing every thought captive I don't think on the day of the last supper Judas devil would have had this opportunity to put another thought into his heart but seems like he was opening his heart again and again and again and again to the devil so finally you know the the evil one put the thought of betraying Jesus in his heart now Jesus okay all this is going on we'll see again you know how he interacts with Judas but at this point you know what Jesus does is he knew that everything belonged to him and that he had come from God that he is going back to God so he fully understands his authority he fully understands his position after knowing all this you know we are told that he got up he laid aside his garments he took a towel and he guarded himself so he just made himself you know that putting on a towel is a it's a humble way of you know dressing yourself or rather humbling yourself so he humbled himself and he also poured water into a basin and he started to wash the feet of his disciples and wipe it with a towel okay which towel the towel that he had put on himself so you know so much is going on Jesus is going to go to the cross soon and Satan has already spoken into the heart of Judas to get things moving for the arrest of Jesus and in the midst of all this calmly you know Jesus is doing something and he's doing something special this is to reveal you know how he loved his disciples and how he came to serve okay the son of man you know he he has come to serve he has come to serve the people whom he created okay and that is something amazing and how does he choose to wash their feet you know Jesus because he is the very son of God and by now the people around his own disciples they look up to him he could have told them why don't you prepare a basin of water with some you know warm water or something and yeah bring me a towel I want to wash the feet of the disciples so he washing the feet in those days was considered a very you know like a very low job so one of the lowest disciples they would do this thing of washing the visitors feet and wiping it with a towel so Jesus even though he wanted to show his humility he could have asked the disciples to prepare everything for him he could have quickly gone wiped and come back but no he humbled himself he brought the water he washed their feet and you can imagine you know these are people who are mainly walking all over the place their feet must have been really really dirty okay and then we wonder Jesus why are you doing this why are you doing this you know obviously the the disciples you know they would have seen that humility which the Lord Jesus is displaying so Jesus is showing them by example that I am here to serve you you know if the son of God is here to serve the people whom he led you know think about us our lives there are many people we influence you know maybe in our families the the younger kids they listen to us in our workplace people listen to us as leaders in the church people listen to us but here is a picture of servant leadership where we must love the people whom God has called us to serve and lead them with a heart of humility you know earlier in that passage of Jesus going on the donkey people shouted out red king of Israel king of Israel can you imagine the king of Israel he has become a servant and he is washing the feet of his disciples you know really shows that you know it doesn't affect Jesus's security in any way that hey if I do this do this act of service to my disciples will they think I'm very low will they stop respecting me what if they don't listen to me you know there is no insecurity he already knows who he is where he came from where he is going that he's going to glorify the name of the father and a great sense of confidence you know in serving the disciples and seems like he did it for all the disciples but when he came to Peter you know Peter always had something to say he had an opinion so quickly you know Peter is saying Lord are you washing my feet meaning please don't do this because you are great and you cannot touch my feet you can't wash it and Jesus says what I I'm doing you do not understand now but you will know that know after this so Peter said to him you shall never wash my feet Peter is trying to be that one disciple who stands out and he's trying to you know say that the other disciples they were so foolish they did not give honor to Jesus by letting him wash the feet but I'm not going to do that so you shall never wash my feet and Jesus says if I do not wash you you have no part in me at that point you know Peter got a revelation so he says Lord not my feet only but also my hands and my head so you know it just shows us it just shows us that God wants to cleanse us so as a master what did Jesus he's humbling himself yes that is one thing the other thing is when he's washing the feet of the disciples he's also cleaning them you know we have to let God clean us and Peter understood that that he was a sinful man and that he really needed you know God's word and you know God's presence and the working of God to clean him so it is very important for us to let God clean us you know and be in that place of again submission to God and in a place of you know a state where our heart is humble every day our heart should be in a place where we are ready to repent if God shows us something within us that this is not right we say okay God wash me okay and this is not just about washing you see how Peter understood it he said not just my feet Lord but my hands and my head so he understood that he needed cleansing much more than you know he realized and just think about it Jesus would have washed the feet of everyone maybe even Judas but it was not so much about washing outside but we have to bring our hearts to God and say God wash my heart wash my inner person or Lord okay and Judas he never let Jesus wash him inside maybe he let Jesus wash his feet but that did not count so the point that we take for ourselves as believers is we have to let God work in us in a deep way and let the Lord cleanse us inside out okay and that is when we will be able to represent God really well now when Peter says Lord not my feet only but also my hands and my head you know Jesus says now that Peter has understood that he needs God to work in him now Jesus says he who is bathed needs only to wash his feet but is completely clean and you are clean but not all of you for he knew who would betray him therefore he said you are not all clean so now that Peter has come to a position where he has understood his need you know Jesus is saying that his word right later on we will see in John 17 17 he says my word is truth and with the word of God he cleanses us so in that sense Jesus has already cleansed them they would have heard Jesus speak the word of life the word of truth very often so that has already done a work in them but Jesus is now pointing out and he's saying look there is somebody among you who has never received this or rather has not let this word work in them and that person still remains unclean so Jesus is washing the external but he's making a reference to the internal and he's saying that if we don't let God's word work in us you know hearts will remain unclean and Judas was that person who was not yet clean okay so once Jesus has done this he explains to them you know he asks them do you know what I have done to you and then you know he tells them that I being your Lord and teacher that if I wash I have washed your feet you also have to wash one another's feet so this is to lead us to a life of you know relating humbly with one another relating in a you know later on we see in the epistles brotherly love to be there for each other to be even humble you know scriptures tell us in Romans Paul writes and don't think of yourself more highly than another person right so everyday life has to have that that humble mindset which is what the Lord Jesus displayed for us so if he can be so humble being our Lord and our teacher we should also learn to be like him okay and then Jesus says in verse 16 most assuredly I say to you a servant is not greater than his master nor is he who is sent greater than he who sent him okay so we therefore know we we have to do what Jesus did because he is greater and we have to follow his example of servant leadership so whoever we are wherever whichever position God has given us remember to serve people remember to be humble now sometimes when satan puts in our minds why you want to be humble no need there's no need to be humble you'll be like a lord over the people that time we can remind ourselves hey wait a minute in John 13 Jesus said if I then your Lord and teacher have washed your feet you also ought to wash one another's feet in Jesus has done it I too must do it okay all right so it is 9 50 let's take a break class we'll come back and we'll continue from here yeah thank you


yn where thousands of tonnes of waste is being illegally buried across scotland right now and even just i think a few weeks ago cpip put out a press release about the scourge of illegal end-of-life vehicle sites and they believe there's over 100 unauthorised ELV sites across scotland you know hidden in plain site so we all know the impact but from looking back at the disclosure programme where one insider to a criminal network told the programme that waste was the new drugs and these waste gangs are also involved in moving around drugs and weapons other illegal items and see if i know about this made it a priority along with these ELV but don't seem to have the resource to really do anything meaningful about it so going back to circular economy bill you know are you concerned that cpiput and other regulators will have the resource and capacity to actually do anything because the scale of what we're hearing is an emergency you know where does he have a litter and fly tipping emergency declared cpiput clearly very concerned but don't seem able to really do anything about it so is that a concern that you shared and maybe start with kim so this is not my area of expertise but on a very high level my understanding is the same as yours in that cpiput do not have the resources it needs to carry out its duties thank you anyone else sorry to jump in it relates to a point that Mr Fraser made that there are so many different bodies that might be responsible for it and so and it's a subject where gathering data is very difficult where enforcement is tricky you haven't talked about a police role and so yeah i mean it's it's like it's like so many things that if you are going to have effective regulations then you need to have ability to keep track of when they're being broken you know i often think that's that's forgotten about in a number of environmental policy areas you kind of legislate some good intentions and then the implementation gets lost in a kind of gull between various levels of government and ndpbs and all the rest of it so um i suppose my kind of optimistic hope is that is that some of that might get addressed through the through the vision document that i mentioned earlier that that will come out once this i believe it'll come out while this bill is still under consideration so that that might be a good source for some questions i should say looking at cpips recent release they talk about the role for scotland series organised crime task force the joint unit for waste crime the latter i don't really know that much about but i think it's interesting for the public because there's been a lot of discussion about the individual behaviour changes and possible sanctions and sticks against individuals but at the same time on a national level an international level we've got these you know gangs that are operating in causing havoc and all our communities destroying the environment and no one's really going after them in a way that we need but that's where we sometimes get pushed back from the public if they feel that we're going after the individuals rather than the bigger i think it's something that committee can reflect on in our stage one report and whether there's too many organisations and whether it ought to be streamlined and the collection of data i think that's all valuable points of view bob very briefly and then i'm going to go to the deputy convener because we i am now up against the clock and the clock always wins i can't stop it i'll be very briefly witnesses may not need to respond but i think i should go on the record in relation to a hugely serious fire my constituency at the former pro-map factory which was industrial commercial illegal fly tipping on on a site over a prolonged period of time i can't see too much more about it but see power clearly need additional enforcement powers and this is my first day on this committee i should see to witness he's in the convener but this is maybe something i would want to look at as this bill progresses as well but given my constituency's interest on that i just want to put that on the record convener thank you bob and deputy convener i think you've got a question thank you convener yes um just to try and as we move towards conclusion i just wondered if you could comment on what are the most problematic waste streams in your view that should be subject to waste or surplus reporting and what criteria should Scottish ministers apply when deciding what waste streams to prioritise for such reporting there's different forms of problematic but i would i would highlight carbon impact as in a ton of waste is not equal to another ton of waste and for that i would say textiles clothes is quite high up on the list in terms of its its material its tonnage may not be that high but the carbon impact is is is much higher and i can't remember the stats but i could email them into the committee afterwards and i think the other form of problematic is doing the right thing is difficult disproportionately difficult and we have a system that more biases to doing the wrong thing behaviorally speaking so i mean i think single use vapes are getting a lot of publicity at the moment i think there's another committee looking at that even today but you know it's estimated in britain alone that single use vapes and that this isn't including the non-single use vapes that might maybe treated a single use vapes but in the batteries alone the lithium in a year that's thrown away is enough to to create 5000 electric car batteries so that's a circular that's a loop i'd like to close because you know take that lithium and and use it because we need we meet you know lithium is a is a really rare resource so i think the the two criteria i would set you a carbon impact co2 impact emissions and secondly rare materials that we really you know there's conflict abroad on our behalf to get those materials you know they should be top of the shopping list to close the loops there thank you that was very helpful any other yes just very quickly i wouldn't disagree with what michael has said i mean if you look at the lifecycle analysis impact of of a product group or something that should tell you you know the the environmental impact that that product manufacturer and disposable of it has had on will have on the environment so i mean we've already we've mentioned food and the carbon associated with that and textiles electronics come out quite highly because of the because of the processes involved in manufacturing them and acquiring the minerals and metals in them and then plastic obviously is a is a stream that we need to focus on because it's harmful in the environment it doesn't break down and it's obviously a fossil material yeah thanks for that also i'll go to kim pratt and then james wkinsi just add to that list obviously textiles plastic from a carbon point of view are very important also chemicals as well we have a big chemical industry in scotland and there's a high carbon impact associated with their production in terms of the what are sometimes called critical minerals or transition minerals that we'll need in scotland in order to move away from fossil fuels the uk have a list of i think it's about 18 minerals that will be needed to create a sustainable future um so that that is something that i would recommend that the committee consider thank you and mr mackenzie thank you in terms of the priority i think from our perspective i agree with all of that you'll be um unsurprised to hear but i'll be looking for a kind of triple alignment here i would like to see those those priority items that my colleagues have talked about being the ones that are reported on and also those being the ones where action is either being taken or being considered so there's a bit of a perception that the environmental movement just wants to put endless costs onto business just for fun and i can assure you that's not the case if there's an if there's an area of if there's a sector or product category that ministers have definitively ruled out acting on then there's no point gathering the data on it it's only worth gathering the data if you're either building the case for what will be an effective intervention that would help build circular economy practices bring those economic opportunities bring those environmental benefits or where you've already done one and you want to know if it's working or whether people are complying with it so i think there's a bit of a risk here that scotland will end up recommending reporting across a variety of sectors where they don't intend to act and that i'm afraid to say is just a business cost for no purpose thanks for all the contributions could i just ask one question because a single east plastic that's not come up today on or in our deliberations thus far on this bill is that of nerddles and certainly in coastal communities particularly where there's extensive shipping activity and industry including my own the plastic pollution from nerddles on our beaches is quite significant and if there's anything you wanted to feed in about that matter either now quickly or in writing thereafter i'd certainly be interested to see it i'm going to jump in there because i'm sure you all want to contribute something to to that comment and we are just up against it on the clock i really apologise and i had a further question which i'm sure i would encourage you to respond in to in writing to the class is that we've had a lot of very useful discussions today we've covered a huge area of subjects but there may be something that we've missed that you want to see in the bill if you haven't put it in in your evidence could i could i urge you just to write to the clerks when you're writing about the question the deputy convener raised about waste at sea and and put that in so we can consider it i personally would like to thank you all for being very fleet of foot around the subject you've answered lots of different questions very persuasively in some cases and i would normally have suspended the meeting to allow you to depart but because we are so up against it i would ask if you could accept our thanks and quietly leave the room while we continue in in public session with the the issue that we've got to deal with next so thank you very much the next item is consideration of a type one consent notification for the heavy goods vehicles charging for the use of certain infrastructure on transit european road revocation and consequential amendments regulations 2023 that's a snappy title this is a proposed uk statutory instrument where the uk government is seeking the scottish government's consent to legislate in an area of devolved confidence on the 18th of october the minister of transport notified the committee of the uk si the committee's role is to decide whether it agrees with the scottish government's proposal to consent to the uk government making these regulations within devolved competence and in the manner that the uk government has indicated it wishes to to the scottish government if members are consent for consent to be given the committee will write to the scottish government accordingly in writing to the scottish government we have the option to pose questions or to ask to be kept up to date if the committee is not content with the proposals however we can make a series of recommendations i mean before i say what those recommendations are i would ask if any member of the committee has any views on this which they'd like to express i'm not seeing any views so my question is are you content sorry the substantive question is is the committee content that the provision set out in the notification should be made in proportion to the uk statutory instrument we we are agreed thank you we will write to the scottish government to that effect that concludes our public meeting and we will now go into private session


Majority of Americans want a ceasefire, including about 80% of Democrats. So it's really disturbing, really, really disturbing to hear Nancy Pelosi spreading lies and propaganda. Well, I just want to remind her that the majority of the Democrats are calling for a ceasefire. Are you going to call for the FBI to investigate your own party and your own people just so we can figure out which one of them is being funded by Russia? Really, I mean, that is not a leader. That is not somebody who's listening to the people. And if you're not, then we are questioning you. Who are you listening to? Maybe an investigation into you and who you're listening to. Since you're not listening to your own party, you're not listening to the majority of the American people who are calling for a ceasefire. So who are you listening to?