I feel myself today What's up, players? What is going on, guys? Today We're gonna talk about a little thing called guilt And in particular, the guilt associated With living a good life Going on vacation You know, disconnecting from your phone and social media And the guilt that we've kind of built up in society I feel like we haven't sat down here in like a week and a half I like this place better than that big white room I felt like I was in office space Yeah, wasn't that cool They need to work on the co-working space here I know I mean there's set up like offices I think I was expecting a co-working space to like You know, you walk in and there's like people playing video games And like everyone's worth There's no tables, it's just beanbag chairs Big bowls of peanut M&Ms Yes, obviously That's like, I think that's like one of my main things From living in Austin, the capital factory I know if I went there like they just had mad peanut M&Ms I was like, I think I'll stop by there today Dude, most startup culture though God, that's a topic in and of itself Like the reverting Companies reverting to like basically play Like you walk into like a Google office And it literally looks like an adult daycare You know, like I'm not saying it's a bad thing I think it's actually a good thing to be playing It's just interesting that we have that expectation Of the workplace now because I walk in Like I see a startup and I'm like All right, well, you know, you got to have like pool table Red Bull, beer on tap It's the only way you're producing it The best micro brews Yeah, totally And like you get vested in the company You get like percentages of the company Mad sock options Yeah, for real For show So, bro, what are we talking about today?  I'm feeling myself today This guy makes me laugh So guilt, guilt, what do I mean by guilt? Guilt, I'm just referring to in this case We want to talk about the guilt of living an awesome life And to further elaborate A lot of people have been A lot of people think We've been programmed so much that you have to be Grinding and working And if you're not, you know If you're not moving towards 10 different goals Then you're being stagnant And you're not, you know Living your life properly And you're missing out on things And you're just, you're just You're never like really getting there You're not enough And it creates this feeling of guilt And the example that we wanted to use Was this weekend We went on a impromptu Private island beach vacation And the guilt We want to talk about the guilt that came up That we were self-aware of Of like, oh man, I'm on this island You know, I like completely disconnected For a few days I'm starting to feel guilty about that And I think that's a super important topic That a lot of people deal with And it affects basically like Living the life you want But it also spills over into like, you know Your fitness, body, business relationship Stuff like that So I'm going to shut up now, Brandon Do you want to Yeah Dude, I actually didn't feel much guilt this weekend I think this is something you experienced a lot more Which is interesting Yes So I didn't I felt a tiny bit of guilt Three years ago I would have felt guilty and still like Done it There's a difference Even though like I would still feel guilty I still can't always be the person that's like Well, I don't care, I'm at the beach like Fucking, I'm just I'm just going to feel good about this This time I felt Like slightly guilty But it was a It was a Like I recognized it It wasn't an actual feeling that I let Like transcend that barrier to like Oh, I feel guilty I recognize like Man, I would have felt guilty In like, you know, past years You felt it kind of creeping up And you're like Yo, motherfucker, get out of here Yeah Well, dude, that's what this conversation is about He's creeping up behind me What does he look like? Oh, dude, he's like A big, globby guy going Oh, I'm guilt I'm guilt Hello, I'm guilt Or like Nah, he's like I'm guilt Like disgusting Like socks I fucking hate him He's such a dickhead Guilt's a dick Yeah, guilt's like fucking Brian Brian So you feel guilt, I think, for like two reasons Actually, maybe more But this is just what I'm going to say right now Because that's how I feel Tell me my problems I think you feel guilt because You better watch out I think you feel guilt because You either did something that's In misaligned with who you said you wanted to be So you're out of integrity with who You are Who you want to be Or you're comparing yourself To someone else Which is kind of the same thing You're still feeling misaligned Because you're saying that You want to be a version of yourself That is as good as another person But for simplicity's sake I feel like it's like You either like I sort of disagree with that Okay, well, I'd love to hear Well, I agree with that You're comparing yourself to something And the something is like A preconceived notion of what you should be doing But like I don't think of it I want to distinguish between like Comparing yourself to someone Like, oh, this person Or this group of people I don't think it's really that It's just the societal programming of guilt Like mine, for example The reason that it would creep up Is because Yeah, for sure I'm just saying like I think there's different types And like mine is derived From being in environments for You know Like more than 15 years Where like it was championed To be constantly working hard And be constantly busy And doing something And like So that guilt is not so much from Being like, oh man This person or this old friend is here And I'm not It's like The whole feeling of like Man, like it's Monday I'm supposed to be at work right now Like I'm on a beach Because it's definitely not out of integrity Because like my integrity is I want to be on a beach Yeah, but So it's a comparison though So Would you say that It's like You feel guilty because You're either out of line With who you said you wanted to be Or because you're Comparing yourself to someone Or something There's a comparison going on Like, because that's where the context Comes from, right Like being in an office Yeah, yeah, yeah No, I'm saying it's not from the integrity It's from the comparison But I'm just distinguishing between Comparing myself to someone And comparing yourself to a set of values That we've talked about before I'm really like That is My guilt is derived from Comparing myself to that That whole existence So it's not like one, two Or even a group of people It's like Like a way of life You know That I feel sometimes like That's what I used to think That's how I should be living So that creeps up in myself Yeah, for sure And it's so fucking silly It's retarded It's stupid You don't need to give in to it Well, because Like for example I told you like My buddy who's in the fitness space As well hit me up the other day And I was like, yo man Like having a hard time Finding like my groove here Where I can like make money And like Actually enjoy what I'm doing And I'm feeling guilty Because I feel like I'm not Making as much money as Maybe other people would If I'm trying to pursue My passion or my bliss Or stuff I care about That's a comparison Yeah, so that's like an example Of a comparison But it's so common I think it happens like In the corporate scene Like oh shit Like yo my boy That I went to college with Like he's the same age as me He's already like a level up Ahead of me And like You feel guilty That like you haven't achieved That yet For sure man But what about the guilt I totally agree with that But like what about I think there's many types of guilt But specifically Like since we I think we should talk about Like what we did this weekend And like I'm referring specifically To the guilt of like Everyone always talks about Like you work hard To go on vacations To have nice things To do what you want And then when you go on those Vacations The guilty feeling of Like I'm on vacation Man I quit my job And I'm taking six months off Like I'm lazy Like doing that guilt What's that programming That like Having funds like a bad thing Dude Oh my god I was up at that As a kid This is not calling out Because I like Love them dearly mom and dad I freaking love you guys Seriously I love you But I feel like much of growing up As a kid I was influenced by Like dude It was definitely said to me Before as a kid That like Like having fun all the time Is a ridiculous idea Like You are not Gonna be a contributing Member of society A good human If you're just If your goal is to have fun All the time Like we got issues Like you're not gonna turn out okay You know Dude there would be a lot of people Who I think would sit at this table with us And like Be like You Should Not be having fun all the time They'd be like That's not what That's not what life's about Like a lot of people Hargrain this because like They're conditioned by their past experiences To say like The way to make a living The way to live a good An all good honest life A good honest living Is by doing shit that sucks Like I have to grind And I told you We had a conversation last night We're like I realized that I In the past And said You know I'm grinding a lot And like Grinding is like Not fun Actually For me Grinding is not cool Which is why I hate Some of these motivational videos Like I was listening to H-Tracks last night And I put on these Like This motivational mix I was just curious What they had And They're so guilt driven They're like If you're not number one You need to step it up If you sleep Instead of doing the work You need to do If you're not where you want to be You need to start working harder And it's like It kind of perpetuates This guilt That's like Wait a minute Wait a minute You guys Are we doing this To live a happy life Or are we doing this To get some You know Blank result That really means nothing Like who the fuck Cares about that result I care about the feeling And I think that We get programmed To feel guilty That we're not getting a result Even if like We have found the feeling Yeah We don't know what the result Dude So true, man That's so true That's like That resonates a lot With me Because I think we're at the point now Like even to earlier I recognized the guilt this time But honestly like I don't feel bad anymore And that realization Was like Dude That's what Zen Dude Fitness is Like that's what you're helping To teach people You can't feel Guilty Like you're teaching people To live this life And because That's what we want to live You hit the nail Like right on the head, man So many people Like keep going And going and going And like They're so particular With like reaching their goals And they're so self-aware About where they are With their goals But they're not self-aware With like What happens When I hit this goal You know, like If I'm not Having the feeling That I want to have Like what's the point of this Any of it And that's like The self-awareness That I think is so important To always like Come back to like Alright Why am I doing this Like what feeling do I get From doing this You know Like and taking action And doing things that Create sustainable happiness And I think that's like What we're trying to To share with people Is like Every day we're always like How can we have the best Experience possible And yeah If you feel guilty Then like We wouldn't be aligned in that Hell yeah, man So That's like A hot moment To like really realize that It's It's about You having the best experience All the time If you're feeling guilty Like You can't do that So true, man What do we do this for Like I always come back To like the basics When we ask ourselves These questions of like Why You do anything I think it's important To ask yourself More and more and more Is what I'm doing Fulfilling me Yeah Because like If you're If you're going through Achieving all this And like Doing a lot of what you're Supposed to be doing But like never really Appreciating it You're just as bad As the person who's not Taking action at all And feels Shitty and depressed About not taking action You're just on the opposite End of the spectrum You know For sure, man I had something to say But I lost it No, it's cool I'm like really hyped Right now Because like Yeah, dude I think this is a super Important Like Yeah, because I saw myself Break through the barrier That's what I was trying to say Like I witnessed myself This weekend Have an experience Where like a thought Came through my head When we were in The water Like as the sun was setting And I was just like That little voice was like I don't know, man Like how do you feel right now Like do you feel good And I was like Fuck yeah I feel good Whereas before I might have been like Questioned that And been like Man, I do I remember When I was in high school My uncle Mike Invited me on No, no, no, I was in college I had an internship With this senator My uncle Mike said Do you want to come to Barbados? And I was like No, I have to like Go to this internship And it was such this big thing At the time And I remember being like I can't go to Barbados Like I have an internship That doesn't pay me Like it's super important Dude, I can't believe I ever did Unpaid internships I did some shitty Unpaid internships And I mean I think there's good ones out there But might work good Anyhow, tangent Yeah, yeah, dude What I love about what we do And what we try to teach Is like we're personifying What it means to live The ultimate life experience For us And that means like You can't feel guilt In the ultimate life experience Like you have to find ways To move through that And personify The feelings you want To feel every day And that means Like you Deprogram yourself from Feeling guilty And just do things That you feel aligned with So it doesn't happen And it's like It forces us to do that Yeah Which is like I think if I had just like If I was just like a personal trainer And I just like Went to a gym every day And like trained some people Like I wouldn't have to hold That kind of integrity But this is cool Because it forces us to be like That's very true, man And this isn't like an easy concept I think it's like It's much more It's much easier said than done Like this is like layers And the reason I was so psyched This weekend was cause like That was a big win for me Because there have been so many moments Where I've been deprogramming I'm deprogramming Deprogramming I can only say words If I sing them True fact I was deprogramming My brain like incrementally And I finally hit it Like that was proof That I hit a place Where I was like I don't feel I see the guilt But I don't feel it at all So that was like Yes Like this can be done And that's like The message I wanted to deliver to people Like the guilt that you feel When you're 15 minutes late for work Like do you really think Your company is gonna crumble Like think about Dude, oh my god Fucking traffic Like people When they're late for work Like it's the straight up Zombie apocalypse bro Like you see people On New York subways They're like I need to I am 8 minutes late And some other like ladies Like I am 15 minutes late Like there's like People lose it And it's like The guilt Over something that That it's like Is totally unnecessary And so like Little things like that Like you start with Like that Like I kind of started Deprogram myself If I was late Like it's okay Like I can still get My shit done And you kind of move on To like different things Like I told my friends I wasn't gonna go out And drink tonight And I don't feel bad for it I'm just gonna do my thing And like That person Cause they're negative And I told them That I don't want to go To dinner with them And I don't feel bad about it You know like It's little Like leveling up As you say That gets you to that point Of like I don't feel guilty About having a great life Yeah Just do what you want to do And don't feel bad about it Such a theme Comes up all the time Yeah all the time Just do what you want to do And don't feel bad about it And I would just ask Anyone watch this right now Like on a daily basis Do you do what you want to do? And if sometimes Like You're doing what you want to do Like do you feel bad about it? Cause you shouldn't Like It's what you want to do Just don't hurt anyone else As long as like You're doing what you want to do And it's not harming anyone Like Yeah Like we talk about Like You know Having integrity with who you want to be And like Making sure not hurting anyone Man There's like So many examples That we can bring this to You know Work Relationships Like Workouts Like So many people feel so guilty About skipping workouts Where it's like We always talk like Yeah You should work out consistently Or feel really guilty About like You know Eating something That I think they shouldn't But I feel like that guilt Leads them into this downward spiral That's like worse than Anything that they're ever Not doing or are doing For sure Well that's like The confidence thing Like you were talking about If you're doing something That you feel guilty about Then you shouldn't be doing it If you feel like No Like I'm cool with this Then you're fine Because if you're doing something Consistently And you're like This makes me feel like shit Then your confidence will Decrease Oh yeah So you can either choose Like Be Like live in integrity It's a combination It's like Live in integrity Of whatever Makes you feel good That doesn't harm other people You know what I mean So it's like It's such a simple concept That like I Realize on a lot of these Because we talk about A lot of the same topics And I was like Man we should think about Like And I'm like Dude I will be I'm glad I'm very Glad to like Be the dudes Who pound into people The power of being Present In every moment The dudes who like Pound into people The power of like Do What You Want Just do what you Want And this is My like Greatest wish I think this is like What I'm doing And for my own life as well I want to personify this Is I understand Like everyone has these Life experiences right Like mine like Goes like this And there's like All this stuff in my world Your girl's like that And there's all this stuff In your world You know Look at my life Look at my life All these beams And like Everyone has these beams But I feel like A lot of people's like Beams like Off in the future Like they don't really Know what they're trying To create And it's just like They're like Beam colors Very uncertain So I think a lot of people Maybe listen to these Conversations for the first Time They're like Oh Like it sounds like some Positive stuff I can kind of get on board With this It sounds good But I want people to Really take this framework And just Apply it Can you imagine having Like 7 plus Billion people All on a mission Like what we could Accomplish in this world Like everyone was like That'd be utopia Oh my god That's what it takes Like because we were To serve people Who can relate to us And that doesn't mean We need to go Start You know Volunteering at an orphanage Because like we're serving Our people here And like some people Might feel guilty Like oh like It's another kind of game It's another kind of game I should be like Helping out another way Or I should be donating More money It's like Yo If you are on your life Mission And you know who you are What you want to do And how to personify If you're doing that Every day You don't owe the world Your mission And like just Do that Like do that And there's gonna be So many people intersecting Like We're in this space We're like We're helping people Improve their health And like that's our mission But there might be Someone else Like they might be like I get this health thing But I don't really want to Talk about it But like I should probably Help people with this They don't need to feel Guilty about that Because maybe They're really driven to Like teach kids How to like Do poetry or something And I want everyone Doing their own I want everyone Just finding Yo man this guy's good And the neck goes Like on her And I'm like And it And it Yeah And so many people are lost Like I had a call The name of the A woman who She's just like You know what I've just kind of been Sputting along the last few years I feel like I need Some direction And some more stability And it's like I can give that to her But she has it within her already You can give it to her You can give it to her In the form of What we're saying now Tell her what she already knows Oh Let's like Get rid of some of that guilt And some of these like Pre-conceived notions Of how you're supposed to live How you're supposed to treat your body And let's ask you What you really want And just start doing that And they'll be like Oh Brandy you helped me so much I'm like You could have done that on your own But I'm happy to guide you If you need Someone to like I steer you onto the path Because it's like There's this path That everyone can go on If they choose to get on it Yeah man It's crazy how self-reliance Self-awareness, self-reliance All ties into like confidence And like how you experience guilt Because like The more self-reliant you are The less guilt you're going to experience So for example I was telling you last night I had a thought come up in my head Like man It's one in the morning And I'm still like awake Like I was up late Like we both Had a very productive day yesterday And even still When I was going to bed I was like I kind of want to watch a noisy documentary On Shirok Dude, Chicago Noisy documentary Shirok Awesome Super G I watched Billions last night Was that episode new episode good?


Okay, Wednesday at 3 p.m. here in Honolulu, energy in America, and we talk to Lou Pugliarisi of E-Princk. Every couple of weeks we love talking to Lou wherever he is, and in fact he's been plenty of places lately. Hi, Lou. Welcome back to Washington and to the show. Thanks, Jay. So you came back from Nagoya. What did you do in Nagoya? What was going on there? It had something to do with LNG? Right, so the Energy Policy Research Foundation, or at break, and the Institute for Energy Economics Japan have received support from the government of Japan and the government of the United States to help support the effort on the future of Asian LNG. And on October 22nd, the seventh annual meeting of the world's consumer and producing LNG producers and consumers met in Nagoya to talk about next steps and what we should do to expand world LNG markets and what role the U.S. can play in that. From our early discussions, I would guess this is one of your favorite conferences. And that you participated in this conference. This is a very big deal. It's the second year we have provided some of the analytical basis for the conference. And in fact the government of Japan and the U.S. nominated us to do a third year of the project, so we're quite excited about that. That's great. Let's look at some pictures. We've got some pictures. Yeah, so let's go to Nagoya. So, yeah, so unlike the previous years, this was not held in Tokyo, but moved about two hours by bullet trains south to the town of Nagoya, which is home of a large conglomerate of a Japanese trading organization formed of utilities called Jera. And the first photo there shows, actually doesn't show the castle. If you go to our website, you'll see the castle, but it shows the guardhouse to the castle. It was a very famous castle in the 17th century in Nagoya. And this is just to give the audience a little local color. In fact, the original castle was bombed in World War II, but rebuilt in the 50s. The next photo up shows the sign just introducing all the delegates so your audience can see them for the basic sort of entrance. And then the third photo here shows you how well attended it. In fact, we had slightly over a thousand attendees this year. That's huge. And so we had energy ministers. Yeah, so we had energy ministers from about 10 countries, senior officials from 25 countries, major industry officials. And you can see in this photo, actually, that man with gray hair standing up and getting ready to make some comments. And he is Fatih Birol, who is the executive director, essentially the president of the International Energy Agency out of Paris. It's a big international event. And as we've talked many times in the past, LNG is very important to many Asian economies as a fuel diversity for energy security. And very importantly, either as a resource to be used with renewables or just directly to address air pollution, local air pollution, which is a growing concern in many, many Asian capitals and cities. Well, let me ask you this one. Was China there? Did you see China? Where do they stand in this conference? China was there. No, actually, China was there. They made a very interesting presentation. The Chinese National Petroleum Company, several, many delegates from China were there. And their basic theme was that they were deregulating more and more of their economy, at least the energy economy. And a larger portion of the Chinese economy can, you know, individual entrepreneurs or utilities, local communities can access LNG market without interference from the national government. So that was the question. In the process, did you see anything that reflected a friction because of the tariffs or is LNG something that's not affected by the tariffs? And China is all too happy to be in this organization? No, LNG. So, yeah, LNG is affected by the tariffs. I would say senior U.S. energy officials and senior U.S. energy industry executives and their counterparts in China do not view the tariffs as a long run. It's a short run problem. I mean, they basically have a long view and they believe this will get worked out. Now, I would say the tariffs, which I think can be as much as 10 to 20 percent on LNG do not seem to be affecting Chinese LNG demand. And because the U.S. is just one of several players, like a lot of portfolio players are just swapping the LNG around and moving non-US LNG to China and backing out the LNG into other markets. So far, I don't think it's a big problem. I think it would be a big problem if it persists over several production cycles. But right now, I think most folks think that this is going to get worked out. Now, I do think it was a very interesting report this morning in the financial times, like two well-known Chinese economists who stated that the trade frictions with the U.S. are largely because of the failure of the Chinese government to inform its direct intervention in the economy. And those, and we were quite surprised to see that. And I understand those lectures and those presentations were removed from the Internet, but there was a direct kind of contradiction of the central regime's view on that. So it's like a... I hope that's the end of it. It's quite interesting. Yeah, yeah, yeah. So what I thought I'd do for your audience is just quickly take them through the presentation of the Institute for Energy, Economics, Japan, and everything made at the conference. We only had, I think, seven to eight minutes total. So it won't take long. Okay. Okay, so let's go to the first slide. This is just the title page. We don't need to spend any time on that. And I think the first, you know, the next slide that comes up is what we call wild cars, China and India. And the interesting thing about LNG is that it's a very, what we call in the economics profession, a lumpy investment. It takes a huge amount of capital to get started, and historically buyers and sellers have had to get married and make a long-term commitment and to be very credit worthy to get the banks to put up the money. So, and one of the things, it doesn't, the LNG market historically has not been able to deal with is a lot of uncertainty on demand. So generally, and what is happening now is the market is transitioning from one in which you have these very fixed long-term deals, which buyers want more flexibility. Particularly Asian buyers in developing countries say, well, yeah, we really like the LNG when it's priced right. We don't want to buy it if it gets too expensive. Okay. And then we're going to switch back to coal. Or we want to switch, we want to be able to fuel switch. So, when you talk about Asian buyers... Feeling with this is a real challenge. When you talk about Asian buyers, Lou, are you, are you talking about private companies, state-owned companies, or are you talking about the state, the states themselves? So, yes. You're talking about, yeah, it depends where you are, whether you're in Vietnam or Indonesia. Many cases you're talking about utility companies, which are either owned by the state, are clearly regulated by the state. You can have what they call independent power producers, but still they are in a kind of market regulated by the state. And one of the things we wanted to point out to everyone was that in China, we really do... China is the elephant in the room. They are going to be buying a lot of LNG.  This local air pollution, everyone in China knows what PM 2.5 is. Nobody knows what PM 2.5 is in the U.S., but in the big cities in China, everyone knows what it is.  And what we just wanted to show in this first slide is one, is that as you go out, the potential variance in Chinese demand for LNG becomes very big. And that's largely driven for the pace at which they introduce new power plants, which generate power through natural gas as opposed to coal. And there's an uncertainty on that rate of development. And India is a bit different. In India, they are going to use coal for electric production, but they will be using natural gas for distribution to cities for residential and industrial uses in the urban centers, and they're hooking up their pipeline. So these are the two wildcars, and one of the things we're going to be doing next year is engaging with both the authorities in both those countries to get a much better handle on what do they need to see and how can they address their requirements for long-term LNG and maybe reduce this uncertainty a bit. So I think that's one of the big themes out of our report this year to the attendees. The next slide called U.S. LNG Supply Security. I won't spend a lot of time on this one. I think we talked about this a lot, but if you look at that squiggly gray line there that shows you the price of natural gas in Henry Hopp. And that essentially is the feedstock for producing LNG in the U.S. And the rapidly rising red part of the graph there is the unconventional natural gas production. And the basic theme on this slide is, look, we have lots of natural gas in the U.S., and that even if the Asian demand gets to be quite high, the U.S. feedstock is not going to go up in price very much. So the U.S. is going to be competitive in these LNG markets if we can get all the other pieces to work right. Okay. Now, I think we had two sets of, we had a set of major findings. Actually, our findings are much longer than this. You, any one of your readers can pull the report up right off our website. It's been posted on there since the day of the conference. But I think the best things is that the, you know, we still are not getting, we believe, although the Canadian, there was an announcement in Canada of a major new LNG facility in Northern, on the west coast of Canada up in Kitimat. But basically one of the concerns we raised is, look, there's this growing LNG to man, but the investment community has yet to commit to enough new projects so that we have a lot of confidence that supply is going to be there. Okay. So we need to find different ways to address these financial risks. Then there's this thing we just talked about, a growing need for more flexibility. We're going to have to find a way for the LNG market to look more like the oil market, which people can ramp up, ramp down, lose supplies around. The emerging buyers of India and China are going to be dominant players in the LNG consumer market, and we better figure out how their demand is going to progress over time, and we're going to have to talk to them, engage with them on a regular basis. Destination restrictions still remain a problem. This is more Japanese than the U.S. problem because the U.S. has no destination restrictions, but we want, if we're going to have a flexible market, countries like Qatar and Australia are going to have to cease requiring buyers to use their LNG and have no option to reallocate it to other destinations. See, there's a big problem for Japan, for example. They don't know the pace at which nuclear power is going to come back online, and so they can make commitments for LNG, but if they don't need it, they want to have the right to resell it into the market. Not a problem for the U.S. The U.S. does not require destination restrictions, but there's still a hangover from the past in places like Qatar and Australia, and the Japan Foreign Trade Council has stated that it is inherently uncompetitive and should be stopped, okay, so that's it. And that the other problem, I think, is in some parts of Asia, Myanmar, Vietnam, Thailand, there still needs to be a lot of capacity building in human capital to learn how to use LNG, how to establish a regulatory framework, what to do about the pricing of it, all these things, and there's a lot of money from Japan, particularly going into this human capital development throughout Asia. Well, this all sounds like it's on the track you described earlier when we started talking about LNG development, global LNG development, and it sounds like this is a conference that is looking at kind of a coiled spring of expansion happening within the next year or two all around the world. I mean, you predicted this, you told us this would happen, that it would go into Asia, that the U.S. would be a big supplier, that Japan would be a focal point in the transshipment. It's all happening, am I right? That's why this conference was so important. It's all happening, and once again, more data that you'll ever want to see is in the report, so I recommend the folks that we'll take a look at it. And then maybe we can quickly just go to the policy recommendations. And so the policy recommendations really follow from the findings. One is we need to get rid of destination restrictions. I think the Japanese Foreign Trade Council is talking to the DOE and the U.S. and U.S. the Federal Trade Commission. We need to have a good benchmark price for gas in the Pacific. And there's a lot of debate on how this is going to happen. But if we have a lot of transparency in the trades and the growing spot market, the growing futures market, both physical and financial markets, buyers and sellers will have more confidence that they can engage in these transactions and hedge their bets. We're going to have to talk to these emerging LNG markets and see if we can come to some better understanding of what their strategy is long term, what they really need. Project development is going to need a lot more fast tracking, I think, both on the receiving side and on the U.S. side. The U.S. side has made real progress with FERF and stuff, but on the other side there's going to be a lot more work needs to be in fast tracking. These projects cannot, you can't dither over whether to do this for years on end, you have to decide quickly in order to start to lock this in. There's going to be government assistance, let's say financial assistance, loan guarantees, traditional foreign trade assistance is going to take place at a much broader scale in terms of export credit assistance in these emerging markets. And then we're going to need new ways to deal with the risk of LNG investment, maybe having investors buy into the whole integrated value chain. And all these issues were discussed extensively at the conference. If I'm an excited investor and I want to get in on LNG, because I can see it essentially exploding globally, where do I look? What kind of security or instrument do I look to? What do I want to examine in order to make an investment? Yeah, so you can do a couple of things. I mean, you can buy directly into a company like Shenier or Tolorean or even Shell or ExxonMobil or Driftwood. There are all these potential new developers in the U.S. Tolorean has a very interesting model in which you can, you know, for the LNG, it's not just related to the LNG community, but LNG buyer can essentially buy into the entire value chain in which the price is fixed. And it's a somewhat, it's a very interesting thing. So in sense, your risk of escalation in the feedstock cost or the risk of escalation in the liquefaction cost are completely covered because you now own a piece of the entire value chain. And so there are folks are addressing these kinds of risks with new kinds of instruments. Yeah. Well, it's like reinventing, you know, all the what I want to call it, the infrastructure of security instruments that we developed in oil. Before we go to the break, Lou, can you give us the name of your website so that, you know, we can look at this report in its entirety? fbrink.org, E-P-R-I-N-C dot O-R-G. OK, we'll take a short break. When we come back, I want to talk about Nan Jing, at least for a moment. That's Lou Puyarisi, president of E-Print, right back after this break. Aloha. I want to invite all of you to talk story with John Wahee every other Monday here at Think Tech Hawaii. And we have special guests like Professor Colin Moore from the University of Hawaii, who joins us from time to time to talk about the political happenings in this state. Please join us every other Monday. Aloha. And Aloha. My name is Calvin Griffin, the host of Hawaii in Uniform. And every Friday at 11 o'clock here on Think Tech Hawaii, we bring you the latest in what's happening within the military community. And we also invite all of your response to things that's happening here. For those of you who haven't seen the program before, again, we invite your participation. We're here to give information, not disinformation. And we always enjoy response from the public. But join us here, Hawaii in Uniform, Fridays, 11 a.m. here on Think Tech Hawaii. Aloha. Energy in America. We're back with Lou Puyarisi. He joins us from Washington, D.C. And we're talking about the trip he made to LNG Conference in Nagoya. So you mentioned the name of your website, which is e-prink.com.org. .org, sorry. .org. Perfect, as a think tank should be. And then you mentioned during the break that you that you had some very interesting articles on the website that we ought to take a look at. Yeah, so if anyone who's interested in this topic, when they go to the website, of course, they can pull down the entire report. But they'll also see that we published my counterpart in Japan. And I published two pieces, virtually on the day of the conference, one in the Japan Times and one in the Nikkei Asia Review, both in English. And I think they give you a much tighter view of policy opinion on what we should be doing. I encourage anyone interested in the topic, we'll find those interesting. This is great. It's great to be able to follow this with you, Lou. So I understand after you left Nagoya, you went to Nanjing. And that's not close. That must be a thousand miles away, at least. And what did you do in Nanjing? I was working three hours. Well, I had actually one thing. I have a son from UH Manila who's on a flagship scholarship there. And I also gave a lecture at the. I want to look on, look in on him, see if he was OK. And then also I wasn't also invited by the university to give a lecture to the International Relations Department and graduate students there. So can you give us a praise? See if that's a whole question. What did you what did you talk about? Yeah, I mean, let me. So I sort of took them through. You know, they're very interested in the questions of tariffs and US and Sino US relations. But I don't think they really had a good context for thinking about it. Right. And so I spent some time thinking about, you know, what is the kind of political paradigm for China and what is the geopolitical paradigm for the US? And I think one of the interesting things that we don't think about is that even though China has traditionally been a very land based, you know, consolidation of the Han protection of the northern, you know, the northern frontier, people forget that China, even though it's a major exporter, it is a huge importer by sea of the of the commodity into China. It's essential for the operation of the Chinese economy. And this is where I think some of the some of the kind of pressure points are arising and that it should be an area where long term, the US and China cooperate, not one which should be viewed as a form of conflict. But I mean, I think both from the US side, we see the Chinese expansion into the South China Sea and the encroachment upon traditional open navigation routes as a part of a power grab. Of course, from the Chinese perspective, they are trying to protect these routes for the importation of essential supplies to run their economy. And of course, the other aspect of the commercial disagreement is the longstanding dispute with China of the heavy involvement in the national economy, which distorts the trading relationships. And the US is not the only one complaining about this. The Europeans, the Southeast Asian countries, lots of folks are complaining about this and how we're going to resolve this. I don't know. I believe we will get there eventually, but it may take some time. Well, it sounds like you're a kind of citizen diplomat, Blue. Go there and talk about things that are somewhat sensitive, but you try to educate the Chinese on things they should know about. Yeah, the students are easy to talk to. They have very flexible attitudes about life. Let's talk about, let's talk about where it goes from here. I mean, we sort of established that this is, you know, it's hastening that the years to come, even with the stresses and strains of diplomatic relations as they presently exist with China, that we're going to be selling a lot of LNG overseas. This is going to be an important thing for the United States. Right. I think more importantly, if you look at the elite here, Europe's up, they're preoccupied by climate, right? Carbon. But in these Asian countries, Jakarta, Beijing, Nanjing, you know, Ho Chi Minh City, wherever you are, the political pressure, the leadership is feeling, is people look outside and say, hey, I can't see the sun. You need to do something about it.  And I find it curious that, you know, we're all preoccupied by climate, but actually what they're doing will have probably a very beneficial effect on climate. But it's not driven by climate. It's driven by local air pollution. And all through Asia, it's a very big deal because people can see it in their daily life. They can see that the air is not clean. Right. Well, what about in the Americas? You know, we just had a show a minute ago with Carlos Juarez, who was our correspondent on a show called Global Connections in Mexico, in a university just east of Mexico City. And I'm talking about the caravans, talking about American immigration policy. What we didn't talk about was Mexican energy policy. And you mentioned before the show began that you have plans for Mexico, Lou. What are your plans for Mexico? So first, we're going to try to... We have a paper that's being produced now. I think it should actually be ready for editing and the review on November 1st to look at the entire energy reform program in Mexico and try to put some estimates of what is the value of that reform program. It's kind of a way to start a discussion among influence leaders in Mexico, particularly the new AMLO, the Obrador administration, on their initiatives to, let's say, alter the reform program. Now, maybe the program should be altered in different ways, but I think the fundamental value of the program is very high. And we should begin to engage them in a discussion in case what is the reality, what is the data tell us about how valuable this reform program is. And the thinking is once we get that paper published in the public domain, we will go down to Mexico City and begin to think about something a little similar we've done with the Japanese is to engage with a kind of counterparty to ours to begin to say, okay, let's go through an agenda of important topics in the energy area and think about what do we need to understand so we can all get on the same page. Because Mexico is very important to the future of the U.S., the U.S. kind of oil and gas production platform. It's absolutely essential that Mexico remain highly integrated. But actually the future of the Mexican energy platform and the cost of gas and gasoline, it's also important they remain integrated with us. So to the extent that folks on both sides of the border have some strange views or views which are not supported by the data or by traditional analysis, we want to get both sides to begin to talk about that buy into it and see if we can find some common ground. Yeah, Mexico is even, you know, despite our current diplomatic issues with them and the President's policies on them, they're our friends and they are, our destinies are intertwined. And your destiny actually, Lou, is to become as global as energy is becoming. You're traveling more, you're engaging more and more places, I notice that. And I'd like to follow, I'd like to follow you wherever you go, Lou. Lou Puliarisi, the President of E-Prick in Washington, DC. Thank you so much for joining us, Lou. Okay, my pleasure, Jeff. Sayonara.


For the last few months. I've gone through and created a video called top five apps of the month And this month is no different now that we're in September and we're the year is slowly passing us by It's time for another one of these videos and it feels like just yesterday that I did August's version, but there you go It seems like every time I do one of these videos I can plan about how fast time goes But what can you do? You can't slow down time. So This month I have five really cool apps to show you If you would like to see an application that you enjoy on this list sometime in the future Make sure you leave that in the comments section below It really does help me out because then I don't have to come up with five apps all on my own It appeases my laziness just a little bit So I really do appreciate anybody who's given an app suggestion in the past If you're new to the channel make sure you hit the subscribe button because I do a quite a few of these Really cool videos each month and I publish other videos that aren't so cool the rest of the month. So Now that we got all that stuff out of the way, let's go ahead and jump in so the first app on the list this month is called font downloader and Basically, what this does is it allows you to go through and download any Google font So Google has this vast collection of fonts that it uses and allows web developers and such to actually use them on websites And you can download them from the Google fonts website as well But this application allows you to kind of not have to go to the internet and actually order to get these You can just go through and download them one by one in this application And there are just a ton of fonts here that you can download the list Just goes on and on and on and on now once you find when you want to download or install you can do so You can either install it just by clicking the install button now as far as I know this will only install For your user it won't install system-wide if for whatever reason it doesn't install for you You can go through and download the font as well just to a folder now as far as I can tell it doesn't actually Actually give you the opportunity to tell it where to download So I'm not actually sure where this thing download that but it does allow you to at least do that So that is font downloader the next one is called obsidian and it was wrecked by and I'm gonna put you your name I apologize for this but Giffen Minesh Basically what obsidian is is a markdown editor slash note-taking tool and it is highly extensible There's a ton of plugins that come with it There's also a community of people who have made plugins that you can go out and install if you'd like Now the cool thing about obsidian is that it just creates markdown files. It actually just Literally creates text name md files that you can take wherever you want, but it looks really nice So it doesn't matter that it doesn't have a syncing capability or any of that stuff because you can just take these Markdown files to whatever markdown editor you want and it's pure markdown the things would like VimWiki or ZimWiki they use iterations on markdown and What that means is that it's not so easy to take those files elsewhere when you need to I've been having problems with this Recently because I've been transferring all my stuff from Zim to VimWiki and they don't use the same syntax It's just close and sometimes close just means things break all the time and your syntax and your Headlines and stuff like that just doesn't come across. So in this case, it's pure markdown if you're into Writing with markdown. This is a great little editor and it's great for note-taking It allows you to create notebooks and tags and all that kind of stuff There's a ton of settings for appearances and other settings You can go through and search your notes and all that kind of stuff So it's a full-featured note-taking application and it's kind of pretty so that is obsidian The next one on the list is called Tilda now I Don't think along the line. I will probably feature very many terminal emulators on this list But till this kind of cool because it's a drop-down terminal emulator Similar just to Gwaki or one of those other ones that drop down from the top now If you're using a tiling window manager, it doesn't work for whatever reason It comes up as a window It's possible that I'm missing a setting and all I can change that setting and then it would work but I didn't see that but I Like it anyways because it allows you as long as Tilda is running To bind it to a key binding and you can be on whatever desktop you're on So let's say I'm on my audacity workspace here and I hit f1 Till the ship hopps up in the background now It's because audacity is floating that I can't actually see this but I believe that there's actually a setting in Till this preference is here that it can always be on top Let me see here. I think I saw that somewhere. Yeah, it doesn't actually follow that unfortunately but that's probably again because I'm an a tiling window manager, but While we're here, you can see that Tilda's actually maintained through a GUI settings application or settings panel and A lot of people like managing their terminal emulators through a GUI And if you're one of those people Tilda's might be a good option for you I personally prefer editing my terminal emulators in a configuration file But that's just because I'm a big nerd So anyways, Tilda's great if you're looking for a drop-down terminal emulator that will kind of double as like a scratchpad Which is how I'm using it till there's just kind of amazing and that was recommended by mad thumbs over on Odyssey So thank you mad thumbs for recommending that The next one on the list is called stacer and this was recommended by somebody too, but I didn't write down the name So I apologize for that. So whoever you reckon whoever recommended this. Thank you stacer is a system monitor slash system maintenance Application the first screen you're presented with every time you start up the application is a system monitor And it gives you basic stats on your CPU memory disk network and all that kind of stuff but stacer is more than just that it will also allow you to go through and Turn on and off and disable startup applications It will allow you to go through and clean different caches and reports and logs and temporary files and your trash it'll allow you to go through and Search for files and clean up large files. It'll allow you to uninstall programs It'll allow you to monitor ongoing system processes and will show you a history black graph of your CPU GPU Disk and memory and all that kind of stuff. It's really quite a full featured application for sitting up system maintenance And it's all done in a very pretty package and it works across pretty much every Linux distribution I installed this one from the arch repositories, but I think it's also on flat hub and snap So if you wanted to download it from you somewhere else, you could do that as well And it's really quite cool if you're interested in a system monitor or a system maintenance application I don't think that there's one better than this one. So the last one on the list is called power cord now power cord is not for everyone and in fact, I should Put a little disclaimer on here that if you use power cord technically you are breaking Discord's terms terms of service because Basically what power cord does is it sits on top of the discord client and allows you to do things and By things I mean it allows you to theme it allows you to add plugins and so on and so forth now Power cord is still in beta. So there's not a lot you can do with it But there are a ton of CSS themes out there for discord that are Usable by power cord to change the way discord looks in my case I've grove box discord and that allows me to go through with power cord and just Enable it and it looks like this now and it applies pretty much just a whole app Why like the whole app now looks like a grove box thing and it's really awesome now I featured a in a video. I believe it was deleted, but I don't remember I featured one called better discord a little while ago and I use that for a bit, but it didn't Stay on my system because it used a lot of resources Power cord is not like that. I think from what I've seen it doesn't use a ton of CPU usage Or it doesn't use a ton of memory. It uses a little bit, but it so it's gonna Add some overhead to the regular discord application, but it's not going to add as much as better discord did now Like I said power cord is in beta So it's not as full featured as better discord, but it's still really cool Especially if you're like me and do a ton of racing and you want to make discord look better than what it normally does This is a good application for you So that is the top five apps for this month again If you have an application that you'd like to see you can leave that in the comment section below Also in the comment section below Let me know if there's any of these applications that you've tried or would like to try and let me know Why I really like to hear from you make sure you hit the like button in the subscribe button I really do appreciate everybody who does it really does help the channel. Thanks a lot If you'd like to follow me you can do so at the Linux cast on Twitter You can support me on patreon at patreon.com slash linux cast before I go I'd like to take a moment to thank my current patrons devon Chris east coast web gen 2 is fun, too Marcus, Megalyn, Sven, Jax, Knife and Tool, Joshua Lee, Mitchell, Art, Sinner, Merrick, Camp, and Mr. Fox. Thanks everybody for watching. I'll see you next time


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 at 8.30 a.m. Friday morning, 60 minutes to go until that opening bell. We got markets in positive territory to kick off Friday trading so far, S&Ps positive by 21 points, that's almost eight tenths percent in the green trading above 2800, 2801, Nasdaq up 51 points trading at 8650, you got the Dow up 170 points trading 23,507, oil up 53 cents trading above 17 at 1704, gold contract up almost $10 at 1754, silver up 11 cents at 1547. Start things off, we'll jump over to the VIX this morning, VIX back under 40 as the market inches higher, 39.72 on that volatility index. Start things off, let's jump over to the charts, we'll start it off with the Dow, 23,513, you see the action yesterday reaching highs at about 11 a.m. of 23,769, the Dow trades down more than 500 points from that price level, 23,159, the low, that low taking place at about 9.30 p.m. Eastern time, markets up a bit from there 23,508, Nasdaq 100, 8651, almost made it up to 8800 last night, down to about 8500 overnight, excuse me, almost made it to 8800 yesterday, down to 8500 overnight, right in the middle of that range at 8653, S&Ps we covered a bit, back above 2800, 2802, the highs yesterday, 2836, quite a cascade, we go from 2836 down about 75 points to 2760, the lows taking place at about 1.00 a.m., 2755, so your solid 45 S&P points above that price level, there's your crude oil chart yesterday climbing above $18, we've seemed to have been bouncing around between about 16 and 18, right square in the middle of that range at 1702, gold contract 1754, the highs yesterday 1763, yesterday afternoon to a low of 1740, we were just up at about 1760 over the last couple of hours, and the Euro US dollar, even since about 3 a.m., look at that trade trading from 107.27 to actually above 108 in the last few minutes, currently trading at 107.95, in terms of what else you have happening across the market, checking in, there we go, so we got a lot of doing the program at 8.30 every morning, US durable goods, why not jump over to this, this is what we get at 8.30, lots of numbers, yesterday we got weekly jobless claims at 8.30, this morning durable good orders, plunging 14.4% in March, an 11.9% drop was expected, so even worse than they were thinking, and see no real reaction on that number, S&P's up about 21, you see the action there, 8.30 bar, pretty low volatility with 60 minutes to go until the opening bell. In terms of stocks making moves, so far this morning, jumping into individual equity names, it is earning season, American Express out with their numbers $1.98 a share, with gap earnings at 41 cents a share, the estimate was only $1.43, the financial services company increased its credit provisions to 2.6 billion from 809 million a year earlier, and set a spending decline by customers, began in late February and accelerated in March, AXP, quite a beat though for their numbers, and you see the action there trading up to almost $85 from a close yesterday of 82.46, but pairing some of those gains that conference call beginning at 8.30 AM, so that conference call beginning just now and trading off a bit AXP on quite a beat, Verizon beat consensus estimates by three cents a share, quarter learnings of a buck 26 revenue below forecast however, and the company cut its full year outlook Verizon said it had a strong start to 2020 prior to the pandemic, and that it expects to emerge from the crisis stronger VZ is their symbol. So you see the action there, not sure how real of a tick that is to below 56, but we had their earnings coming out at 7.30 and we have the conference call beginning right at 8.30, but pretty much within about 20 pennies where we were yesterday, this stock bouncing around the bit, I mean, you put this on a longer timeframe right from 62 down to 48 right back in the middle of that range, 57, 59, I happen to be playing with some long-term charts yesterday just for some context, quite a training range this thing has had, right? Check out that channel, not to Bud Rolfs, the channel master man. This is going back, this is a monthly team in 2004, the peaks and 2009 the troughs, a lot of them lining up together right in the middle of that range, we did bounce right off that level though on those peak lows at about 48 to $50 Verizon, 57, 59 on their numbers. Intel had their earnings, $1.45 a share beating the estimate of a buck 28, chip makers revenue also beating forecast, the company's current quarter forecast was below estimates however, and said it would not update its full year outlook due to uncertainty surrounding the coronavirus outbreak. Intel, how about some longer term context, shorter timeframe, there's the drop off from above 59, 5904 yesterday, their numbers right after the bell last night, 5526 initially currently trading at 5605, just out of curiosity AMD, their numbers trading down probably on that news as well from 5590 yesterday to below 54, right now back at 5514. E-Trade, E-Trade missed estimates by 19 cents a share with earnings of 72 cents a share, revenue also missed forecast. The online brokerage firm which is in the process of being bought by Morgan Stanley was hurt by factors related to the pandemic as well as merger related expenses and its provision for credit losses ETFC, is their symbol, you see the volatility after the bell last night, 3824 basically flat from yesterday's continental resources, talk about the energy sector, the energy producer has halted most of its oil production in North Dakota, notified customers it would not supply crude oil at current prices. There you go folks, why are you going to be supplying oil when it's trading at $17 and even potentially negative territory, CLR trading a bit higher as oil is rebounded, but for some context here from $35 down to 7 recently. Pearson reported a 5% drop in first quarter revenue as the education products company is hit by school closures around the globe. Yeah, how do you sell as much when it's online? Maybe that's how you do it. The company has seen significant increase in the user of its digital products. However, if they have a path to profitability online, this would really be expediting that there's Pearson $5 and 58, you're going to open basically even on that. Tesla is prices for two variants of its China made Model 3 sedans after China officials cut electric vehicle subsidies. So less subsidies, Tesla taking that, passing it right on to the customer in China. Tesla, I mean, you want to talk about a rocket ship lately. Check that out from the low that we made on March 18th, $350. We're now double that to $705. We're going to open today higher about $10 to $715. There's your action. We were below $700, $715 on Tesla. L Brands filed a complaint against private equity firms, Sycamore partners for trying to pull out of a deal to buy the company's Victoria secret unit. Sycamore wanted a lower price due to the impact of the COVID-19 pandemic, but failed the lawsuit after L Brands declined to renegotiate L Brands. This one really hit hard lately. That was the news of the deal potentially falling through at $8.80, but we were up for some context at $25 before all this pain started. Stay tuned, folks. Coming back after the break, see what else we've got. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the Tax Opportunity Zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period. That same $50,000 investment in the Tiger First mortgage program would give you $3,500 per year or $14,000 over the four years. What should you prefer? $6,200 or $14,000 of interest on your investment? If you'd like more information about the Tiger First mortgage program, you can call me at<PHONE_NUMBER>. That's<PHONE_NUMBER>. The gold market has taken off topside in a large way in 2020. If you want to take advantage of this sector now is the time to subscribe to my Gold Report. The Gold Report took profits in four of its equities in the Gold Portfolio in the first week of January for a combined profit of 99.2%, with two positions left in the portfolio that have a profit of 67.5% as of January 7th. The Gold Report is a comprehensive look at the metals sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. Are China A shares hot or not? If you trade China A shares now may be time to take a closer look. Trade CHAU or CHAD, Directions Daily CSI 300 China A share bull and bear ETFs. China A shares in either direction. Visit Direction Investments.com today. An investor should consider the investment objectives, risks, charges and expenses of the Direction shares carefully before investing. The Perspectus and Summary Perspectus contain this and other information about Direction shares. To obtain a Perspectus or Summary Perspectus please contact Direction shares at<PHONE_NUMBER>. The Perspectus or Summary Perspectus 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, Four Side Fund Services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV for the latest market information. Folks, we got markets inching up a bit over the last 10 minutes. S&P is posited by 25 points now at 28.05. We're up about four points since we started the program. Dow up 191 now. Checking back into headlines of the day last night, you're the house passing the 484 billion dollar bill to boost small businesses and hospitals that get sent to President Trump. Hopefully that approved and added to the government's unprecedented emergency spending to respond to the health and economic crisis by the pandemic that's gonna be small business aid, hospital grants and coronavirus testing. Jumping back into equities, Boeing planning to cut 787 Dreamliner production in half and announced job cuts when it reports first quarter earnings according to a Bloomberg report. Boeing is due to report first quarter results on April 29th, five days from right now next Wednesday. Boeing shares particularly hit hard over all of this dealing with their own woes in the 737 MAX, but dealing with a complete shutdown of the skies essentially worldwide. Boeing falling from about 350 down to 89 up to 186 back to 137 today. Quite a rock and roll ride for Boeing shares. Hertz is working with debt restructuring advisors on options to boost its finances according to a Reuters report as the coronavirus outbreak slashes demand for rental cars. Hertz already in a tough business, right, rental cars, but talk about a fall off from $21 almost to $3. We're gonna open today at about $3.80 for some longer term context from there. You see a general trend going back three years, $27, the recent high of $23, tough run as they try and shore up finances to get through this. But even if you do, is the future really there? So DraftKings, they're gonna be making their NASDAQ debut today after the sports betting company completed a 3.3 billion reverse merger with bank check company Diamond Eagle Associates, DKNG. Let's see if we got some action on that pre-market. How does that work? Now we're not loading anything yet, so that'll start trading at $9.30, I assume. JCPenney is an advanced bankruptcy talks with lenders, according to the journal. The talks are set to focus on loans that would allow the retailer to continue operating during a court-supervised bankruptcy filing, JCP, I mean, 27 cents. We were at 20 cents last week, and we're gonna open at about 23. There's your volatility there as that company looks to be out of business. United Airlines, United will require all flight attendants to wear a face covering or mask while on duty beginning today. The flight attendants union welcome the move, but it's asking the passengers be required to do the same. I imagine this is gonna be the type of stuff. It's not back to normal when the economy opens back up. It's gonna be a shift of things, especially until maybe we have a vaccine or treatment where this is eradicated. And mask is the easiest way to make sure that people aren't spreading germs, especially the asymptomatic spreading that could be going on. This story interesting. So Google, they're cutting, why not? I have the headline here, Israel. They're gonna cut the marketing budgets by as much as half. Directors warned of hiring freezes. Companies planning to slash its marketing budgets by as much as half. Directors were told that hiring freezes for both full-time and contract workers are taking place. The cuts represent a more drastic move than their CEO originally described just a week ago. One email about the cuts went out to marketing employees this week, noting the budget cuts and new hiring freeze for full-time and contract employees. There are budget cuts and hiring freezes happening across marketing and across Google. Said one message from a global director sent to employees Wednesday, we along with the rest of the marketing have been asked to cut our budget by about half for H2. So you're gonna see this. This is one of the first things I thought about myself. If you can cut something really quick, it's gonna be that type of exposure. It's gonna be your own promotion potentially.  And maybe that's an easy way to cut costs and reel in those costs. For Google, why not? We'll check in. Google fared okay during this, but not as strong as some of the other fang stocks. Google gonna open a bit negative this morning. After being at 1276, the market's up about 1%. Google's down about 12 to $14. And for some longer context for Google, you see from 1532 down to 1,000, we're back towards the middle of that range. For some context here in terms of how far we've retraced. So you see that we're sitting at about 50%, right? Give or take and we have been since about April 14th. But you compare this with now, we know Microsoft is, excuse me, we know Amazon is through the roof. But even Microsoft, you look at it's gotten back probably 78% or 61% at least. Yes, bouncing around in between the 618 and the 786 since about that same day, whereas Microsoft is still stuck down at about the 50%, excuse me, Google still stuck down at the 50%. Apple not faring as well as Microsoft as well. When you look at where we've been to the pop we've gotten, that low, we did make it up to the 618. So a little bit stronger than Google potentially in terms of Google again, flirting with the 50% line, getting back 50% of the losses. Apple flirting between 50 and 61.8, you had Microsoft jumping around between 61 and 78%. And then maybe the two giants of them all Netflix through the moon for context there, right? I mean, this is where you had the fall off in a company like Google and you've only gotten back 50% of the gains. Well, if you did that in Amazon, you had the fall off here 50% of the games would get you back to 1905. And you have Amazon this morning opening and above 2400. Netflix, some similar bullish action. Talk about that run, right? We were at about 390 before the coronavirus shutdown took place. The market sold off everything below 300, we were at one point. Netflix out with their earnings recently still pulling back a bit at 426.70. So there you're paying stocks. Checking in on Disney, just on my heels of the Netflix, Disney shares, Disney really a tough whoa here. I mean, you want to talk about what have we gotten back on this stock, right? What do we add here? You're barely touched a 382 retracement, 107.66. And we're really only about 23 to 25% off of that pullback, some tough action on Disney. Other news going on a week from yesterday, check it out on the front page of TFNN. Tom will be doing a timing the trade webinar, six hours of education, 9 a.m. till 4 p.m. A lunch break in between there. All of it's going to be archived. That'll be on your members page. You can watch it. Maybe you don't have all day to go to this webinar. Maybe you got to run a couple errands in the morning. Maybe you got to pick the kids up or the grandkids up in the afternoon. But you can be in there all day in the trading room and you can come back, watch the archive whenever you'd like. He hasn't done one of these in a few years. You get a physical copy of his book, Timing the Trade. That will be mailed to you. You get a month of his Market Insights newsletter. That starts the moment you sign up. And yeah, I encourage you to check it out a week from yesterday on the front page. And Open House as well. We had a great turnout for the Open House started at the end of last month. We're going to run it through the end of April. So you got one more week in the Open House as well. Check out the Tigers Den. Great to see a lot of old names in there that haven't seen in a while. Some great action in the Tigers Den. In terms of other stories out there with stocks, we'll finish it up with Edward Life Sciences earned $1.51 a share for its latest quarter, beating estimates by $0.18 a share, medical products, makers revenue, also topping forecasts. The company lowered its forecast for the year. However, saying COVID-19 pandemic will have its biggest effect. That symbol EW, we're going to have to zoom this in a bit. That's your longer time frame. You see the acceleration from 240 to 150 to 220. And we're going to open a bit higher this morning at about 237. Stay tuned, folks. I'll be coming back, finish up the program, see what else we have on tap for Friday trading. We'll be right back. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we Tigers and Tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is, markets can be timed. And I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. 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Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page. TFNN.com. Educating investors. You know what's cool? Taking something that's good for you. Something specifically formulated to help with weight loss, better sleep, stress reduction, and the need to detox. Nicar hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment. But today, our food sources no longer contain the vitamins, minerals, and nutrients our bodies need to stay healthy and strong. That's why we need primal-edge daily nutrition. It includes a special blend of ionic, soil-based vitamins, minerals, fatty, and amino acids in an easy-to-use liquid form. Primal-edge is powered by highly concentrated folic and humic acids, nature's preferred delivery system. They've been called miracle molecules because, like sunlight, air and water, life cannot exist without them. That's right, Paige. They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal-edge, formulated and approved by Nico and Paige of Living a Primal Lifestyle. Buy it today for just $89. Click on the Primal-edge banner on the front page of TFNN.com. 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 for the latest market information. Welcome back, folks. We got about 35 minutes to go until that opening bell. S&P's up 26 points right now, jumping over to Crude. Crude at $17.18. Quite a far cry from where we were Tuesday, $6.50. Checking in on the USO, lots of headlines and action for the USO this week. People really learning how ETFs, and especially this ETF, in particular operates and just beware oil funds near implosion, latest market wackiness, leave traders scratching their heads. Retail investors plowing into this, just a remarkable turn. I read an article yesterday about professionals shorting this in epic fashion because being aware in the long run, when you are rolling from the front month to future months and there's a huge contango, that is a very, very bearish proposition that eventually leads to losses. And as you can see that fall off from $11.50 to $2.00 in change, we're talking about over the period of about two months, let alone the drop off even from April 3rd from $6.00 to $2.30. At a time when retail investors on Robinhood, it was like the most traded, most owned ETF out there, maybe potentially quite a story shaping up there that I'm sure we'll read more about in the weeks to come. Verizon out with their numbers, so they beat on earnings per share, $1.26 versus looking for $1.22 revenue for the wireless carrier falling 1.6% to 31.6 billion from a year earlier. It lost 68,000 phone subscribers who paid monthly bill in the first quarter amid lockdowns that closed 70% of its stores. It led to a significant drop in customer activity and device volumes in the quarter. Analysts expected Verizon to just gain 100 subscribers for the quarter, so they lost 68,000. The company also cut its full year adjusted earnings per share outlook to between a growth of 2% and a fall of 2%. And it was looking for two to 4% growth. Either way, checking in on Verizon shares, we covered that before, but a bump to 57 in this morning. We're pretty even right now at 57.39 still. Stay tuned, folks. We got our man Larry Pesvento coming up live with trade what you see at 9 o'clock. I'll be back at 10 o'clock with Tom live trading all Friday live trading education at TFN and stay tuned.