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Fox Corp. will launch its direct-to-consumer streaming service, to be called Fox One, ahead of the National Football League season later this year.

Fox CEO Lachlan Murdoch unveiled the name and timing of the company’s upcoming streamer during a quarterly earnings call Monday. The exact launch date and pricing will be announced in the coming months.

While Murdoch didn’t give specifics on pricing, he said during Monday’s call it would be in line with so-called wholesale pricing, meaning it would be similar to the cost of the channels for pay tv distributors. Cable TV subscribers will get access to the service at no additional cost, Murdoch said.

“Pricing will be healthy and not a discounted price,” he said.

“It would be a failure of us if we attract more connected subscribers … we do not want to lose a traditional cable subscriber to Fox One,” said Murdoch. He added the company is doing everything “humanly possible” to avoid more subscribers fleeing the cable bundle.

Fox plans to offer the app as part of bundles with other distributors and services, Murdoch said. He added many other streamers had already approached Fox about bundling and said the company “will be moving forward with a number of those relationships.”

On Monday Fox reported fiscal third-quarter revenue of $4.37 billion, up 27% from the same period last year.

Fox’s financials were lifted by the Super Bowl, which aired on the company’s broadcast network and free, ad-supported service, Tubi, during the most recent quarter. Some ads for Super Bowl 59, which attracted roughly 128 million viewers, cost $8 million apiece. Fox reported a 65% increase in advertising revenue during the quarter.

The media company, known for the cable TV channel Fox News and its sports offering on broadcast and cable, had been on the sidelines of streaming compared with its peers. While the company has the Fox Nation streaming app and Tubi, it has yet to offer all of its content in a direct-to-consumer offering.

Murdoch alerted investors in February of the company’s plans to offer the streaming service by the end of this year.

The decision came shortly after Fox, alongside Warner Bros. Discovery and Disney, abandoned efforts to launch Venu, a joint venture sports streaming app. Fox was the only one out of its partners without a subscription streaming app already in the market.

Warner Bros. Discovery offers its live sports content on streamer Max.

Disney’s ESPN has its ESPN+ app and is developing a new flagship streaming app that will reflect the content on its cable TV network. The company will unveil further details on the app this week. CNBC reported last week that ESPN plans to name the app simply ESPN.

This post appeared first on NBC NEWS

As struggling drugstore chains work to regain their footing, Walgreens is doubling down on automation. 

The company is expanding the number of retail stores served by its micro-fulfillment centers, which use robots to fill thousands of prescriptions for patients who take medications to manage or treat diabetes, high blood pressure and other conditions. 

Walgreens aims to free up time for pharmacy staff, reducing their routine tasks and eliminating inventory waste. Fewer prescription fills would allow employees to interact directly with patients and perform more clinical services such as vaccinations and testing.

Walgreens first rolled out the robot-powered centers in 2021, but paused expansion in 2023 to focus on gathering feedback and improving performance at existing sites. After more than a year of making upgrades, including new internal tools, the company said it is ready to expand the reach of that technology again.

Walgreens told CNBC it hopes to have its 11 micro-fulfillment centers serve more than 5,000 stores by the end of the year, up from 4,800 in February and 4,300 in October 2023. As of February, the centers handled 40% of the prescription volume on average at supported pharmacies, according to Walgreens. 

That translates to around 16 million prescriptions filled each month across the different sites, the company said. 

The renewed automation push comes as Walgreens prepares to go private in a roughly $10 billion deal with Sycamore Partners, expected to close by the end of the year. 

The deal would cap a turbulent chapter for Walgreens as a public company, marked by a rocky transition out of the pandemic, declining pharmacy reimbursement rates, weaker consumer spending and fierce competition from CVS Health, Amazon and other retail giants.

Like CVS, Walgreens has shifted from opening new stores to closing hundreds of underperforming locations to shore up profits. Both companies are racing to stay relevant as online retailers lure away customers and patients increasingly opt for fast home delivery over traditional pharmacy visits.

The changes also follow mounting discontent among pharmacy staff: In 2023, nationwide walkouts spotlighted burnout and chronic understaffing, forcing chains to reexamine their operational models.

Walgreens said the investment in robotic pharmacy fills is already paying off.

To date, micro-fulfillment centers have generated approximately $500 million in savings by cutting excess inventory and boosting efficiency, said Kayla Heffington, Walgreens’ pharmacy operating model vice president. Heffington added that stores using the facilities are administering 40% more vaccines than those that aren’t. 

“Right now, they’re the backbone to really help us offset some of the workload in our stores, to obviously allow more time for our pharmacists and technicians to spend time with patients,” said Rick Gates, Walgreens’ chief pharmacy officer.

“It gives us a lot more flexibility to bring down costs, to increase the care and increase speed to therapy — all those things,” he said. 

Gates added that the centers give Walgreens a competitive advantage because independent pharmacies and some rivals don’t have centralized support for their stores. Still, Walmart, Albertsons and Kroger have similarly tested or are currently using their own micro-fulfillment facilities to dispense grocery items and other prescriptions. 

Micro-fulfillment centers come with their own risks, such as a heavy reliance on sophisticated robotics that can cause disruptions if errors occur. But the facilities are becoming a permanent fixture in retail due to the cost savings they offer and their ability to streamline workflows, reduce the burden on employees and deliver goods to customers faster.

When a Walgreens retail pharmacy receives a prescription, the system determines whether it should be filled at that location or routed to a nearby micro-fulfillment center. Maintenance medications, or prescription drugs taken regularly to manage chronic health conditions, and refills that don’t require immediate pickup are often sent to micro-fulfillment.

At the core of each facility is a highly automated system that uses robotics, conveyor belts and barcode scanners, among other tools, to fill prescriptions. The operations are supported by a team of pharmacists pharmacy technicians and other professionals.

Instead of staff members filling prescriptions by hand at stores, pill bottles move through an automated and carefully choreographed assembly line. 

Pharmacy technicians fill canisters with medications for robot pods to dispense, and pharmacists verify those canisters to make sure they are accurate. Yellow robotic arms grab a labeled prescription vial and hold it up to a canister, which precisely dispenses the specific medication for that bottle.

Certain prescriptions are filled at separate manual stations, including inhalers and birth control pill packs. Each prescription is then sorted and packaged for delivery back to retail pharmacy locations for final pickup.

There are other security and safety measures throughout the process, said Ahlam Antar, registered group supervisor of a micro-fulfillment center in Mansfield, Massachusetts. 

For example, the robot pods automatically lock and signal an error with a red-orange light if a worker attaches a canister to the wrong dispenser, preventing the incorrect pills from going in a prescription, she said. 

Properly training workers at the centers to ensure accuracy and patient safety is also crucial, according to Sarah Gonsalves, a senior certified pharmacy technician at the Mansfield site. 

She said a core part of her role is to make sure that technicians can correctly perform the different tasks in the process. 

Antar, who has worked at the Mansfield site since its 2022 opening, said Walgreens has made improvements to the micro-fulfillment process after considering feedback from stores and patients during the paused expansion. That includes establishing new roles needed to support the process at the sites, such as a training manager for all 11 locations. 

The facilities also plan to transition to using smaller prescription vials after hearing concerns that the current bottles are too large, according to a Walgreens spokesperson. They said that will allow the centers to ship more prescriptions per order and reduce costs.

Heffington said the automated locations have helped reduce Walgreens’ overall prescription fulfillment costs by nearly 13% compared to a year ago. 

She said Walgreens has also increased prescription volume by 126% year-over-year, now filling more than 170 million prescriptions annually. The company hopes to raise that number to 180 million or even more. 

Heffington added that Walgreens implemented new internal tools to track the work across all 11 centers and provide real-time data on where a patient’s prescription is in the micro-fulfillment process. 

“If a patient called the store and said, ‘Hey, can you tell me where my prescription is today?’ [Workers] can do that with great specificity,” thanks to the new tools, Heffington said. 

Despite the company’s progress, Gates said there is more work to be done with micro-fulfillment centers. 

For example, he pointed to the possibility of shipping prescriptions directly to patients’ doorsteps instead of putting that burden on retail stores. 

“It’s only step one right now,” he said. 

Other improvements may still be needed at facilities, according to some reports. For example, WRAL News reported in April that some customers at a Walgreens store in Garner, North Carolina, say they are only getting partial prescription fills, with several pills missing, or their medicine is being delayed.

A customer views merchandise for sale at a Walgreens store in the Hollywood neighborhood of Los Angeles.

Christopher Lee | Bloomberg | Getty Images

Before Brian Gange’s Arizona store started relying on an automated facility, he walked into the pharmacy every morning knowing that a massive list of prescriptions was in his work queue waiting to be filled for the day. 

Now, with help from micro-fulfillment, that list is significantly smaller each day, according to Gange. 

“We don’t have to spend as much time on just those repetitive fulfillment tasks,” he told CNBC. “It really takes a huge weight off our shoulders.” 

Gange said that gives him and his team time to step behind the pharmacy counter and interact with customers face-to-face, answering questions, providing advice, performing health tests or administering vaccines. 

That kind of attention can make all the difference for a patient.  

For example, Gange recalls stepping away for five minutes to take a patient’s blood pressure despite being overwhelmed with tasks while working at a different Walgreens location several years ago. He ended up sending that person to the emergency room because their blood pressure was “off the charts.” 

That patient’s wife visited the pharmacy the next day to thank Gange, saying her husband “probably wouldn’t be here with us today” without that blood pressure test. 

“I shouldn’t have to question whether I have that five or 10 minutes to check a blood pressure for a patient,” Gange said. “Micro-fulfillment and centralized services are really what are going to allow us to be able to do that, to have that time.” 

“That really allows us to provide better care for them,” he added.

This post appeared first on NBC NEWS

Former Olympic cyclist and world champion Rohan Dennis received a suspended sentence on Wednesday over what was termed a “tragic accident” that led to the death of his wife, fellow Olympian Melissa Hoskins.

The 34-year-old Dennis appeared in South Australia District Court after earlier pleading guilty to a charge of committing an aggravated act likely to cause harm.

Dennis was arrested after Hoskins, 32, was struck by his vehicle in front of their home at Medindie in Adelaide’s north on Dec. 30, 2023. Hoskins suffered serious injuries in the crash and died at Royal Adelaide Hospital.

The court was told that the couple had argued over kitchen renovations before Dennis left their home and drove away. The court also heard that Hoskins had jumped onto the hood of the car during the incident. His licence was also suspended for five years.

Dennis on Wednesday was sentenced to one year, four months and 28 days in jail, to be suspended for two years. The sentence was reduced from two years and two months because of his guilty plea and he’s been placed on a two-year good behavior bond.

The offense carried a maximum sentence of seven years in jail but lawyer Jane Abbey asked that her client receive a suspended sentence, which was not opposed by the prosecution.

During sentencing submissions in in April, Amanda Hoskins said her daughter had loved Dennis “and I know that you would never intentionally hurt her.”

“I believe this is a tragic accident. Your temper is your downfall and needs to be addressed,” she said.

Hoskins’ funeral was held in her home city of Perth, Western Australia and a public memorial service was held in Adelaide in February 2024. Dennis attended the service with their two children.

Hoskins competed at the 2012 and 2016 Olympics on the track in the team pursuit and was in the squad that won the 2015 world title. Dennis won two world titles in the road time trial, as well as silver in the team pursuit at the 2012 Olympics and bronze in the road time trial at the Tokyo Olympics.

This post appeared first on cnn.com

A man who spent nearly four decades in a British prison in the killing of a barmaid said he was not angry or bitter Tuesday as his murder conviction was overturned and he was released after being exonerated by DNA evidence.

Peter Sullivan put his hand over his mouth and wept as the Court of Appeal in London quashed his conviction and ordered his freedom after he had spent years fighting to prove his innocence.

Sullivan, who watched the hearing by video from Wakefield prison in northern England, said through his lawyer that he was not resentful and was anxious to see his loved ones.

“As god is my witness, it is said the truth shall take you free,” attorney Sarah Myatt read from a statement outside court. “It is unfortunate that it does not give a timescale as we advance towards resolving the wrongs done to me. I am not angry, I am not bitter.”

He was the longest-serving victim of a wrongful conviction in the U.K., Myatt said.

Sullivan, 68, was convicted in 1987 of killing Diane Sindall in Bebington, near Liverpool in northwest England. He was behind bars for 38 years.

Sindall, 21, a florist who was engaged to be married, was returning home from a part-time job at a pub on a Friday night in August 1986 when her van ran out of fuel, police said. She was last seen walking along the road after midnight.

Her body was found about 12 hours later in an alley. She had been sexually assaulted and badly beaten.

Sexual fluid found on Sindall’s body could not be scientifically analyzed until recently. A test in 2024 revealed it wasn’t Sullivan, defense attorney Jason Pitter said.

“The prosecution case is that it was one person. It was one person who carried out a sexual assault on the victim,” Pitter said. “The evidence here is now that one person was not the defendant.”

Prosecutor Duncan Atkinson did not challenge the appeal and said that if the DNA evidence had been available at the time of the investigation it was inconceivable that Sullivan would have been prosecuted.

Merseyside Police said it reopened the investigation as the appeal was underway and was “committed to doing everything” to find the killer.

The Criminal Cases Review Commission, which examines possible wrongful convictions, declined to refer Sullivan’s case to the appeals court in 2008 because it said testing at the time was unlikely to produce a DNA profile.

A commission spokesperson said that while it made the correct decision based on the evidence at the time, it regretted not identifying the potential miscarriage of justice in its first review.

Sullivan appealed in 2019 without the CCRC’s help and the court turned down his bid in 2021.

But the commission took up the case later that year and was able to use scientific techniques that hadn’t been available during the earlier review to find the DNA that set Sullivan free.

“In the light of that evidence, it is impossible to regard the appellant’s conviction as safe,” Justice Timothy Holroyde said.

Police said the DNA found in the subsequent investigation does not match anyone in a national database. They’ve ruled out as suspects Sindall’s fiancé, members of her family and more than 260 men who have been screened since they reopened the investigation.

Sullivan’s sister, Kim Smith, reflected outside the court on the toll the case had taken on two families.

“We lost Peter for 39 years and at the end of the day it’s not just us,” Smith said. “Peter hasn’t won and neither has the Sindall family. They’ve lost their daughter, they are not going to get her back. We’ve got Peter back and now we’ve got to try and build a life around him again.”

This post appeared first on cnn.com

Bangladesh’s Election Commission has cancelled the registration of the former ruling party of ousted Prime Minister Sheikh Hasina, preventing it from participating in the next national election, which is expected to be held by June next year.

The decision on Monday came hours after the country’s interim government headed by Nobel Peace Prize laureate Muhammad Yunus issued an official notification banning the Awami League party and its affiliated bodies from conducting activities online and elsewhere.

Monday’s formal notification from the Ministry of Home Affairs was issued two days after the interim Cabinet decided to ban all activities of the party under the country’s Anti-Terrorism Act until a special tribunal concludes a trial for the party and its leaders.

In the notification, the government said it outlawed all activities “including any kind of publication, media, online and social media” as well as “any kind of campaign, procession, meeting, gathering (or) conference until the trial of the leaders and activists … is completed.”

It said the decision was effective immediately.

Separately, the Election Commission said Monday it would not allow the Hasina-led party to contest the next election. Political parties must be registered with the Election Commission to take part in elections.

A government adviser said Monday that anyone who posts comments online in support of the Awami League party would face arrest.

On Sunday, the Awami League accused the interim government of “stoking division” and trampling on “democratic norms” by banning its activities. It said in a statement that the ban “stoked division within society, strangled democratic norms, fueled ongoing pogrom against dissenters and strangled inclusivity, all undemocratic steps.”

The Awami League is one of two major parties in Bangladesh, which has a fractious parliamentary democracy with a violent history of coups and political assassination.

Hasina, the daughter of Bangladesh’s independence leader Sheikh Mujibur Rahman, fled the country on Aug. 5 last year and has been in exile in India since then along with many senior party colleagues and former Cabinet minsters and lawmakers. They have been accused of killing protesters during an uprising against Hasina’s 15-year rule in July-August last year.

The United Nations human rights office said in a report in February that up to 1,400 people may have been killed during three weeks of anti-Hasina protests. But the Office of the UN High Commissioner of Human Rights recommended in a report to “refrain from political party bans that would undermine a return to a genuine multi-party democracy and effectively disenfranchise a large part of the Bangladeshi electorate.”

The Awami League, which led a nine-month war against Pakistan for independence in 1971, has been under severe pressure since Hasina’s ouster. Protesters have attacked and torched many of its offices including its headquarters in Dhaka. It accuses the interim government of sponsoring mobs to attack the homes and businesses of their activists and leaders. It said thousands of its supporters have been arrested across the country and that many have been killed.

Yunus has said the next election will likely be held either in December or in June next year.

This post appeared first on cnn.com

Mohammad Iqbal was working the nightshift at a power plant when he got a frantic call from his family saying artillery shells were exploding around their home.

But dawn brought no relief from the shelling that would continue for four days as India and Pakistan fought their most intense conflict in decades, raising fears of an all-out war.

Iqbal, 47, lives near the town Poonch in India-administered Kashmir, a stone’s throw from the de-facto border with Pakistan, an area of pine-clad foothills and flowery meadows, backdropped by towering, icy peaks.

But the idyll is illusory – Kashmir is one of the world’s most militarized regions and the trigger for multiple wars between India and Pakistan, who both claim the territory in full but control only in part.

Last week the nuclear-armed neighbors traded missiles, drones, and artillery shelling for four days following a massacre of tourists in Indian-administered Kashmir last month that New Delhi blamed on its neighbor, which Pakistan denies.

Two hours after the firing started last Wednesday, Iqbal got news his brother-in-law’s home had been hit.

The shell had exploded at a nearby water tank, obliterating windows and sending shards of glass flying, hitting his brother-in-law and niece.

What followed was a frantic scramble to get the wounded to the nearest hospital.

“As people started evacuating there were a few people in the village with cars so people just poured into whatever vehicle they could find,” Iqbal said.

“For a few hours it was difficult to locate everyone. People got split up. But finally at the hospital my family came together.”

There, he found his brother-in-law, who works as a policeman, critically wounded and medical staff struggling to treat the influx of casualties.

Iqbal’s brother-in-law survived. But two of his neighbors did not.

Pakistan said on Tuesday that 40 civilians had been killed and 121 wounded in Indian firing, and that 11 members of its armed forces had been killed. India has previously said 15 civilians were killed and 59 wounded and that it had lost five soldiers.

For the roughly 15 million people living in the contested region, the latest bout of hostilities has appeared to push a political solution for their home further away than ever.

But the immediate concern in both sides of Kashmir is how long the skies will stay quiet.

“Markets are open again and some people who had left have slowly started coming back,” he said.

“There still is that anxiety about what might happen when night comes,” he added.

On the other side of the Line of Control, in Pakistan-administered Kashmir, Saima Ashraf shared those feelings.

“Uncertainty still prevails,” she said. “Many believe it (the ceasefire) is not a permanent solution.”

Others are unclear about when they can return to their homes and villages.

“Many of them are waiting to see how the situation develops before making a decision about returning,” Akhtar Ayoub, a local administration official in Pakistan’s Neelum Valley, told Reuters.

Raja Shoukat Iqbal, who lives near the de facto border, described the ceasefire as “essential for the people of Kashmir” who he said were paying a high price on both sides of the divide.

“This peace was also necessary on the international level because both countries are nuclear powers, any mistakes or anger of any country could cause the deaths of two billion people,” he posited.

Flashpoint

Kashmir has been a flashpoint since 1947, when British India was hastily divided into two by its former colonial rulers.

What followed was the birth of two nations: Hindu-majority India and Muslim-majority Pakistan. Millions suddenly found themselves on the “wrong” side of the new border, leading to a frantic and bloody mass migration that tore communities asunder.

Kashmir, a Muslim-majority state led by a Hindu monarch, was in a unique position. Pakistan laid claim to the territory, while the prince chose India.

Both Pakistan and India, two nations gripped by fervent nationalism, believe that Muslim-majority Kashmir is an integral part of their countries.

For Pakistan – which was founded as a homeland for South Asia’s Muslims – Kashmir’s division is viewed as a grave historic injustice.

The country’s powerful military is run by the general Asim Munir, known for his hardline stance on India. Weeks before the latest conflict, he described Kashmir as Pakistan’s “jugular vein,” according to local media reports.

India has long accused Pakistan of funding terror groups in Kashmir, an accusation denied by Islamabad. Pakistan, meanwhile, seeks to position the cause of violence in the region as a result of New Delhi’s alleged “oppression.”

Hindu nationalist Prime Minister Narendra Modi has pushed a more uncompromising position on the contested land.

In 2019, his Bharatiya Janata Party (BJP) government split the former state into two union territories, giving the government in New Delhi greater control over the Muslim-majority region.

‘Our family is together’

India and Pakistan have both claimed victory from their latest conflict.

New Delhi says its strikes inside Pakistani territory – the deepest since one of their wars in 1971 – have eradicated terror camps used to plot attacks on India – including the massacre of tourists last month that sparked the conflict.

Pakistan says its air force shot down five Indian warplanes, including advanced French-made Rafale fighter jets.

On Monday, in his first remarks since the fighting started, Modi said India had “only suspended our responsive attack on Pakistan’s terror and military hubs.”

“In the coming days we will measure Pakistan’s every step,” he said.

Those on both sides of the border have long been living under the threat of shelling and strikes.

“We sat in silence, extremely petrified,” he said. “Praying the next target would not be our family or our home.”

“Smiles plastered across our faces, and we hugged,” he said.

“We now want this ceasefire to stay. Both countries need to find long-term solutions.”

Iqbal, the power plant worker, said he was trying to remain optimistic despite the damage done.

“We are lucky,” he said. “We have only homes to re-build and our family is together. I hope things don’t resume. But there’s no guarantee.”

This post appeared first on cnn.com

The most intense clashes for years rocked Tripoli for a second night and continued into Wednesday morning, witnesses in the Libyan capital said, after Monday’s killing of a major militia leader set off fighting between rival factions.

The United Nations Libya mission UNSMIL said it was “deeply alarmed by the escalating violence in densely populated neighborhoods of Tripoli” and urgently called for a ceasefire.

The latest unrest in Libya’s capital could consolidate the power of Abdulhamid al-Dbeibah, prime minister of the divided country’s Government of National Unity (GNU) and an ally of Turkey.

Libya has had little stability since a 2011 NATO-backed uprising ousted longtime autocrat Muammar Gaddafi and the country split in 2014 between rival eastern and western factions, though an outbreak of major warfare paused with a truce in 2020.

A major energy exporter, Libya is also an important way station for migrants heading to Europe and its conflict has drawn in foreign powers including Turkey, Russia, Egypt and the United Arab Emirates. Its main oil facilities are located in southern and eastern Libya, far from the current fighting in Triopli.

While eastern Libya has been dominated for a decade by commander Khalifa Haftar and his Libyan National Army (LNA), control in Tripoli and western Libya has been splintered among numerous armed factions.

Dbeibah on Tuesday ordered the dismantling of what he called irregular armed groups.

That announcement followed Monday’s killing of major militia chief Abdulghani Kikli, widely known as Ghaniwa, and the sudden defeat of his Stabilization Support Apparatus (SSA) group by factions aligned with Dbeibah.

The seizure of SSA territory in Libya by the Dbeibah-allied factions, the 444 and 111 Brigades, indicated a major concentration of power in the fragmented capital, leaving the Special Deterrence Force (Rada) as the last big faction not closely tied to the prime minister.

This post appeared first on cnn.com

In this in-depth walkthrough, Grayson introduces the brand-new Market Summary Dashboard, an all-in-one resource designed to help you analyze the market with ease, speed, and depth. Follow along as Grayson shows how to take advantage of panels, mini-charts, and quick scroll menus to maximize your StockCharts experience.

This video originally premiered on May 12, 2025. Click on the above image to watch on our dedicated Grayson Roze page on StockCharts TV.

You can view previously recorded videos from Grayson at this link.

Let’s be honest. Did anyone think a little more than a month ago that the S&P 500 was primed for a 1000-point rebound? I turned bullish at that April 7th bottom a month ago, but I did not see this type of massive recovery so quickly.

Why does this happen?

I believe these panicked selloffs occur, because the big Wall Street firms get out prior to market massacres and they need to get back in. What’s the best way to accumulate shares? To send out your best market influencers (oops, I meant analysts) to drive home the pain and misery that’s coming. I mean, just ask the media outlets. They were the ones responsible for all those terrorizing headlines. And market makers added panic by opening stocks much, much lower from previous days’ closes on many occasions this year.

Want some evidence?

Well, let’s go back in time and zero in on the more aggressive QQQ (ETF that tracks the NASDAQ 100):

At the very bottom, when the most manipulation takes place, we see massive gaps to the downside that create opportunities for Wall Street firms to buy in much, much cheaper as retail traders panic sell into those falling gaps. The massive volume that accompanies capitulation makes it very easy for market makers to buy lots of shares on their own behalf and on behalf of their institutional clients. This institutional buying is reflected by higher prices intraday. Looking at the above chart, the QQQ tumbled 52.46 (476.15-423.69) over 3 trading days. But the total gap downs over those 3 days were 46.26, nearly 90% of the entire 3-day meltdown. This wasn’t a distribution period or a selling event, it was a MARKET MAKER MANIPULATION EVENT.

Want an even more telling stat? From the March 13th close (467.64) to the Friday, May 9th close (487.97), the QQQ gained roughly 20 bucks. Here’s the breakdown of how the QQQ traded on an intraday basis over this 2-month period:

  • Opening gaps: -42.31
  • 9:30-10:00: +19.18
  • 10:00-11:00: +6.72
  • 11:00-2:00: +21.86
  • 2:00-4:00: +14.13

During a period when the QQQ gained roughly 20 bucks, the cumulative opening gaps were -42 bucks. That means that the QQQ saw buying to the tune of 62 bucks during the trading day. Panicked retailers took the market makers’ bait and sold with all the media-related nonsense, while market makers were secretly buying for all their Wall Street colleagues and buddies.

If you’re sitting in cash right now, wondering when to get back in, I can promise you that you’re not alone. This 2025 “massacre” and “shocking rebound” were planned all along. Wall Street’s rotation into defensive areas of the market had me and many EarningsBeats.com members in cash back in January and early February. They absolutely knew this was coming, but media outlets weren’t telling us back then to get out. They waited for the fear to kick in before posting their ridiculously-bearish headlines over and over and over again – forcing retail traders to say “Uncle!!!!!”

This is what I refer to as “legalized thievery.” It’s how our financial system works unfortunately. You either learn how to play defense against it or periodically suffer the consequences. At EarningsBeats.com, we choose the former.

How To Build A Winning Portfolio

Now that the manipulation is in our rear view mirror and the S&P 500 looks to move back into all-time high territory, it’s very important to understand the best way to outperform the benchmark S&P 500. That’s what we strive to do over time and we’ve been very successful at it. This Saturday, May 17th, at 10:00am ET, I’ll be hosting a webinar to show you how to successfully build a portfolio that outperforms over time. One part of this webinar will be dedicated to highlighting the keys to spotting the 2025 cyclical bear market and determining the best time frame to jump back in. We’ve made these calls in real time during 2025, from our MarketVision 2025 event in early January to my Daily Market Reports to EB members to my StockCharts blog articles to my YouTube shows hosted by both EarningsBeats.com and StockCharts.com. It’s extremely important that we learn from difficult periods in the stock market so that we’re better prepared for the next one.

Don’t allow Wall Street to manipulate you. I’m going to show you the best way(s) to avoid it when it occurs again. And it WILL happen again. CLICK HERE to learn more, register for our “How To Build A Winning Portfolio” and save your seat. If you cannot make the event live on Saturday, you’ll receive a recording of the event to listen to at your leisure simply by registering. So register NOW!

Happy trading!

Tom

Bullish signal alert! Over 50% of S&P 500 stocks are now above their 200-day moving average.

In this video, Dave explains this key market breadth indicator and what it means for stock market trends. He shows how moving average breadth has reached a bullish milestone, what this means based on historical signals over the past 15 years, and how it compares to the Zweig Breadth Thrust. He also introduces the stoplight market phase technique—a simple but effective method using StockCharts tools to assess market conditions in real time.

This video originally premiered on May 13, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.