source
stringlengths 11
11
| url
stringlengths 43
43
| publish_date
stringclasses 112
values | author
stringclasses 4
values | title
stringlengths 22
100
| page_content
stringlengths 805
209k
|
|---|---|---|---|---|---|
Do-0J_QjZgQ | https://www.youtube.com/watch?v=Do-0J_QjZgQ | 2024-03-15 00:00:00 | Yahoo Finance | Bitcoin drops below $68,000, retreating from its all-time high | let's take a look at crypto more specifically Bitcoin you're looking at a bit of a drop here today off just about 6% now the move lower coming after Bitcoin really led the crypto rally here earlier in the week we were talking about record highs the fact that Bitcoin finally breaking above that 72,000 level BR we are seeing a bit of a uh backing off not necessarily a massive surprise given the run up that we've seen in the price of Bitcoin not only over the last two weeks but really what we've seen since the start of the Year and that same type of debate that we're having in the equity markets now starting to uh creep into the crypto markets we talk about Bubble whether or not Bitcoin is in a bubble if we're starting to see signs of a bubble given the fact that this momentum here to the upside hasn't slowed much yeah uh Nicholas panagot over at JP Morgan the managing director there said when adjusting for volatility bitcoin's allocation here in investor portfolios is already outpaced that of gold here and that is noteworthy for the debate that we've been of course a long time having about digital gold versus physical gold which in itself has uh warranted many conversations given some of the new highs that we've seen gold moving towards so one of the huge things for Bitcoin specifically is the next events that could potentially come forward and the types of inflows that we're seeing on top of that in the inflows into investor portfolio allocation that we were talking about just a moment ago and one of the additional things that he highlighted was a net inflow of $9 billion into Bitcoin ETFs since their Inception so you've got the inflows into ETFs at the same time where there is going to be some of the holders out there that are perhaps going to be able to sell at and especially if they got in maybe a decade or you know five years even ago they might be able to sell to some of the investment firms or some of the ETF uh providers or issuers at a much higher price if they are able to put that Supply back into the market and then it's a larger question of from there what type of event does the having creates does that mean even more of a skyrocketing of Bitcoin price so those just a few of the events and then uh elsewhere in the global crypto market cap it's going to be the ethereum ether ETF or ether ETF and seeing what type of fanfare that adds on to this fire as well yeah there certainly has been more and more talk it seems like by the day about an ethereum ETF |
9zulkDInV0g | https://www.youtube.com/watch?v=9zulkDInV0g | 2024-03-15 00:00:00 | Yahoo Finance | How shoplifting shrink has impacted the bottom line for Dollar Tree and Dollar General | shares of discount retailers Dollar Tree and Dollar General Under Pressure this week after the companies issued troubling guidance in their latest quarterly results first Dollar Tree on Wednesday announcing it will close nearly a th000 Family Dollar stores over the next few years as it battles Mac economic concerns and theft on the other hand you have Dollar General on Thursday which also warned of higher cost related to more costly labor and Shrink so what does all this mean for the Playbook and how do these companies turn things around we want to bring Kate mcchain as Goldman sachs's managing director covering the US retail sector Kate it's great to have you here so help us make sense of the trends that we're seeing at Dollar Tree and Dollar General because I think many investors would think that these two names would be positioned to do extremely well at a time like this so why are we seeing a bit of a disappointment when it comes to the forecast well I think we might have to start just what we've seen so far which has been a more challenged uh Topline and revenue growth for both retailers as they have uh experienced um more pressure from the lower-end consumer which is their core customer and so because of that uh there has been pressure on the top line for them the lower-end consumer while employed has been dealing with high inflation uh and also reduced government benefits and that has been one of the areas that both discount retailers have been dealing with along with on the cost side uh quite a bit of shrink which which is um basically loss of product from stealing and the like at the stores uh when you think about the average prices of just inventory at at these stores I mean it feels like we're moving towards $3 tree $4 tree upwards of $7 tree what in terms of the consumer expectation and and how the inventory is going to be moved through from Dollar Tree and and Family Dollars perspective what is the real price that consumers should expect when they're going to dollar store in 2024 now yes it it really does depend I mean you know starting with Dollar Tree which uh until very recently sold most of what it had for a dollar it broke that buck uh which is a term we use uh they broke through the dollar uh a couple of years ago now and are at a125 for a lot of its product but as you mentioned they're also adding multi- price points as well and that's in order to cater more to what their customers need so there are $3 $4 and $5 price points especially in um uh you know uh bigger items uh that they can offer their customer and I think as a result of offering that Dollar Tree is seeing a higher-end demographic uh buy coming to their store $125,000 demographic is now shopping at Dollar Tree more so than they were before okay what does it tell us then just about promotional environment promotional activi that we are going to likely see here in the coming quarters I think from a promotional environment what most retailers are talking about is a normalized promotional environment so what that means is is uh when people talk about normalized they talk about uh levels going back to what we saw before the pandemic I think you know during the pandemic and post the pandemic there was quite uh a bit of uh pullback and promotions just because there was such high demand I think now that we're in a more normalized environment the level of promotions that we're going to see across retail will look similar to what we saw uh before the pandemic when you hear about Rewards program from some of the largest retailers Walmart Target that in essence for some of the deals that they might push through to some of the members of those Rewards program could bring prices down for select items comparable to that of a Dollar Tree uh a Dollar General where does that kind of net out and does that just become a net benefit to a company in in Walmart that has sheer scale that is you know multiples that of a Dollar Tree or Dollar General there's no question uh that they're all competitors to each other and you're certainly right in that we have seen lower price points introduced it's something that Target talked about at their analyst day last week where they're uh focusing on more value price points and that does get into you know a a more uh value range uh in terms of what they're offering $5 $10 $20 uh and it does overlap with uh the Discounters so it is getting more competitive the customer is looking for Value I think the customer is always looking for value and you're seeing that Focus from um Walmart and Target and then you know just the ongoing Focus From the Discounters as well so Kate who is the top pick then within the sector and given the fact that we're going to get the FED meeting next week and we could hear uh some language that would point to the fact that we might not see a ray cut anytime soon yes well our our our top pick right now is Target it's on the conviction list here at Goldman Sachs the idea is that Target is lapping some very uh easy Compares from last year they had some challenges uh last year in particular uh in the second quarter and it's something that uh as the consumer we think gets a little bit healthier throughout 2024 uh we could see some resumption of discretionary sales for Target it's not really dependent on rate Cuts necessarily I think uh Goldman Sachs view when it comes to the health of the consumer is pretty uh solid because uh the consumer is employed we are forecasting that the consumer's discretionary cash flow will increase by a low single digit range this year Goldman Sachs managing director Kate mcshain Kate thanks so much for taking the time here on this Friday really appreciate it thank you for having me |
_JqX89jvtiM | https://www.youtube.com/watch?v=_JqX89jvtiM | 2024-03-15 00:00:00 | Yahoo Finance | Why the Fed might not budge on its rate cut timeline | let's take a look at crypto more specifically Bitcoin you're looking at a bit of a drop here today off just about 6% now the move lower coming after Bitcoin really led the crypto rally here earlier in the week we were talking about record highs the fact that Bitcoin finally breaking above that 72,000 level BR we are seeing a bit of a uh backing off not necessarily a massive surprise given the run up that we've seen in the price of Bitcoin not only over the last two weeks but really what we've seen since the start of the Year and that same type of debate that we're having in the equity markets now starting to uh creep into the crypto markets we talk about Bubble whether or not Bitcoin is in a bubble if we're starting to see signs of a bubble given the fact that this momentum here to the upside hasn't slowed much yeah uh Nicholas panagot over at JP Morgan the managing director there said when adjusting for volatility bitcoin's allocation here in investor portfolios is already outpaced that of gold here and that is noteworthy for the debate that we've been of course a long time having about digital gold versus physical gold which in itself has uh warranted many conversations given some of the new highs that we've seen gold moving towards so one of the huge things for Bitcoin specifically is the next events that could potentially come forward and the types of inflows that we're seeing on top of that in the inflows into investor portfolio allocation that we were talking about just a moment ago and one of the additional things that he highlighted was a net inflow of $9 billion into Bitcoin ETFs since their Inception so you've got the inflows into ETFs at the same time where there is going to be some of the holders out there that are perhaps going to be able to sell at and especially if they got in maybe a decade or you know five years even ago they might be able to sell to some of the investment firms or some of the ETF uh providers or issuers at a much higher price if they are able to put that Supply back into the market and then it's a larger question of from there what type of event does the having creates does that mean even more of a skyrocketing of Bitcoin price so those just a few of the events and then uh elsewhere in the global crypto market cap it's going to be the ethereum ether ETF or ether ETF and seeing what type of fanfare that adds onto this fire as well yeah there certainly has been more and more talk it seems like by the day about an ethereum ETF |
1CIDFKhZtDY | https://www.youtube.com/watch?v=1CIDFKhZtDY | 2024-03-15 00:00:00 | Yahoo Finance | How to protect your portfolio amid interest rate uncertainty | Tim you just heard the setup coming into this next meeting what do you anticipate will be the prevailing thought among the fomc members well Brad coming into this year in our 2024 Outlook our call was for no interest rate Cuts this year that was a very unpopular view back then it remains an unpopular View today but the evidence coming out we think is is stronger and stronger to support that and if you look at consensus in the market right now there's this idea that the inflation battle is done simply for the fact that there's a disconnect between what we're seeing in the inflation data and where H uh you know housing costs are where rent prices are and I couldn't disagree with that more if you look at the the print that we saw this month CPI the average uh component of that basket Rose 30 basis points if you strip out shelter costs from core Services we saw a 50 basis point increase month over month that is not something that shows me that this battle is over and it's done and I think jumping to Cuts uh soon especially in the first half of this year would be a mistake on par with the transitory mistake that we made coming into this so what does that mean then for Equity holding what what does it mean for investors at this point I think there's there's really strong implications here the the the most notable is that if you look at the correlation between bond yields and Equity prices we have never seen them more negative right now if you look at the the the Russell 2000 S&P 500 very very negative and what this comes down to for for us is how you're adding protection in the portfolio matters and the most important thing is that we need to find ways to decouple relying on interest rates to come down to provide protection in the portfolio investor psychology has shifted uh bond yields Remain the number one driver of equity prices and that doesn't look like it's changing anytime soon so how we're finding that protection in the portfolio we need to look outside of traditional risk management tactics like bonds I guess correlated with the bond yield activity that you're seeing what what are the sectors that are most likely to Prevail yeah so you know it's all about tech right now and I think there's there's two driving forces uh to this Market one uh is obviously bond yields the other is all of this hype and excitement around generative AI what is that going to do we don't see that Trend necessarily slowing down here um you know we do think it's you know it's important to get other exposure and be broadly Diversified absolutely uh you know but for us right now when we look at you know sectors it's really all about built-in risk management and known levels of risk management in your in your portfolio here and again disconnecting interest rates coming down with relying on low volatility sectors to provide protection or bonds to provide protection so a lot of investors that we're talking to right now are gravitating towards strategies like managed floor ETFs uh one in our lineup that has been very popular ticker sflr 10% manage floor uh on us large cap equities so that is very important also seeing a lot of interest in buffer or risk-managed ETFs and I think the main driver of that right now is they don't rely on interest rates having to come down to provide that balance in the portfolio when you take a look at the leadership that we saw at least last year early this year obviously we have started to see a bit of a Divergence between a lot of those larger Tech names but the ones though that have been able to hold on and weather this uncertainty are they going to continue to lead as we do maybe potentially see more of a broadening out it it doesn't look like the trend is is slowing down anytime soon and you know we are outlining the case for you know two possible scenarios here one a rational Market that we're heading into which really points toward just lower returns overall for the remainder of this year but we think there's a very good chance we also could be heading into an irrational Market sh uh and that really comes down to all of the hype and excitement that we're seeing over AI the infrastructure build out here and there's a lot of substance behind that don't get me wrong but when we look at irrational markets and the formation of of bubbles it really comes down to investors just getting way far out ahead of ourselves extrapolating those cash flows far out in in into the future and I think there's a very good case that being made right now that we're starting to see that formation uh in the US tech sector overall all right always great to get your perspective here Tim urbanowitz innovator capitals management head of research and investment strategy thanks Tim |
SbA-S7TOmMA | https://www.youtube.com/watch?v=SbA-S7TOmMA | 2024-03-17 00:00:00 | Yahoo Finance | Why Biden and Trump care about steel worker jobs in Pennsylvania | Cleveland Cliff's Co reportedly considering now another bid for us steel but at a lower price versus the existing offer from nepon steel this is according to Bloomberg shares of us steel sliding for a second day as President Biden voicing opposition to that plan sale to Japan's neon steel while Donald Trump recently promised to block the Takeover instantaneously if he wins the presidential race in November Biden Trump stance on the proposed deal coming as the two c face the heat of election year politics here discuss now all this is yaho finances very on Rick Newman so Rick give us the the Rick Newman take on all this steel worker jobs and union jobs I think are the main issue here uh I mean us steel is not the titon it once was uh nor is the US steel making industry but guess what it operates in Pennsylvania where it's headquartered my hometown of Pittsburgh by the way uh where the Steelers remain named after the steel industry uh and there may not be a lot of Steel worker jobs left in Pennsylvania but there are enough for President Biden to care about it because of course Pennsylvania is a swing state so he basically scotched uh the idea that the Japanese um company nepon steel can buy uh us steel this year but he has not solved the problem which is um us steel has just gotten too small and not profitable enough and shareholders have been forcing some kind of action such as a sale or some kind of consolidation so I'm not sure that Cleveland uh Cliffs coming in with a basically saying we'll buy this at a Bargain Basement price I mean that's their first offer I'm sure they they'll probably go higher but I'm not sure that solves the problem because part of the problem here is these big um steel mills these big really costly steel mills are just outdated and cost inefficient in the new model is the smaller Mills that you find in the South including some State some right to work states where the the workers are not unionized um that's what everybody in this industry once um so what do you do about the big meals in the south I mean if uh Cleveland Cliffs or any domestic company were to buy us steel but not for enough money to continue operating those those big uh Mills you know we would you would see um workers losing their jobs anyway so um we're seeing this process play out but I think there's a lot more to come here and I wouldn't rule out that nipon steel could still end up with us steel I just don't think it's going to happen before the 2024 election but it does seem plausible that the election is over nepon steel does provide guarantees uh to support um uh some of those or all of them probably they'd have to do union jobs and maybe that would allow this to go through but it's just too touchy to happen in an election season well and it's also interesting because not only are the politics domestically play role but you know the politics with ch with Japan I almost said China because I was going to say China obviously there's tension there Japan things are good so you know in other words does this create a problem where none existed uh no the problem is uh we're losing union jobs I mean that is the problem um and I think in the Heartland it matters a lot less what who the purchaser would be what matters is um these you know these good paying um Blue Collar jobs have been going away uh there's no secret about that and I think any politician would be crazy to dismiss the fact that Trump won in 2016 because um for what one reason he won anyway was he appealed to those um bluecollar workers in Midwestern states who feel like their way of life has been eroding and nobody has been doing anything about it so there is no way Biden is going to give an edge to Trump on that in 2024 especially since Biden um you know he carries himself he describes himself as the most pro-union president in American history so this is about getting blueco collar votes and persuading those people especially in swing states that somebody in Washington is uh watching out for them and does have their back I don't think it matters where the foreign purchaser would be it could be the UK it could be Canada our neighbored to the north and I don't think it would matter So speaking of the election there's some new Quinn ofak numbers out today and in particular they look at Michigan which is another um state state that's going to be key in the race and it looks like there um that I don't know well I'm seeing this number here that Donald Trump has more support although I'm seeing in the text that also Biden has does have some support there so what it depends on what the race looks like I guess yeah and we're going to have tons of little data points like this during the next seven months uh Quinn aak actually describes that as a head-to-head outcome because that three-point margin that Donald Trump has is within their margin for error um we're going to keep talking about this um I mean the thing to look for in Michigan uh blue collar State Biden did go there and he stood on a picket line with the United Auto Workers last year here again TR trying to show some solidarity uh with union workers but uh there's also a heavier arab-american presence in Michigan than in most other states and that's the state where some of those voters um they put down the famous uncommitted um when they went to the Democratic primary a few weeks back just to Signal their displeasure with Biden a little too uh too staunchly behind Israel they are saying and not um standing enough behind the Palestinians so that is a factor I mean many many um things to navigate here for Biden given Wars overseas and difficulties in the US economy so um I guess if I were Biden I would interpret that poll as definitely more work to do in Michigan all right well we'll keep in touch with you as we get all those other little data points you were referring to thanks I'll be back thank you |
OwHrKXT5QV0 | https://www.youtube.com/watch?v=OwHrKXT5QV0 | 2024-03-14 00:00:00 | Yahoo Finance | AI demand will be steady, giving stocks 'room to run': U.S. Bank Asset Management CIO | meanwhile the Market's under pressure today but year to date we've seen all three major indexes reach record levels with the S&P already blowing past some Street estimates thanks to a solid earnings quarter and the AI rally there's been talk of a bubble we know popping at some point but our next guest believes there's still more room to run Eric fredman is the US Bank Asset Management group's CIO Eric it's good to have you on the show so maybe we just start there because that's that's certainly a a question that's been raised Eric you know people they've been looking in Nvidia and this AI rally and they you hearing these questions maybe we're seeing a a bubble but you you don't think that things don't look bubbly to you they don't and Josh thanks so much for having us on look as someone who lived in San Francisco during the dotc rise and fall maybe I'm a bit Jaded by what a real bubble looks like we think there's just a really tight supply of services in AI right now specifically if you look at the the core producers the oems if you will they just can't get product out out fast enough and so we do think that that demand Will Be steady and if you also look at what backs up this AI move it is continued corporate capex companies are looking at bigger stronger faster they're not doing that through hiring more people they're doing that through technology spend so again as you have constrained Supply with still very steady demand we think there's going to be an ongoing bid there and we would uh there are lots of things to fight in global macro that's not one thing that we would pick a fight with right now and so not picking a fight and and sort of investing more in it are two different things right so would you put more money to work in that theme right now yeah Julie I think as things settle back if if we do see a retrenchment you know even all the areas that you've talked about whether that's equal weight or small cap or certainly AI space we think there is room to run so this is very much an interest rate driven story in the near term and we have right now in front of us a really important technical level sha did a nice job of covering this in the prior segment but as we get closer to 435 in the 10e that be gets 4 and a half% 4 and a half% is a very very key level for both the FED to issue more concrete guidance we'll certainly get those dot plots next week but we do think that with more moderating interest rates and the bias for the FED to cut back we think that sets up a good opportunity to get to stay involved or get involved if you're not involved and Eric for for Equity investors listening right now I know you favor it looks like domestic over international sound a bit nervous there Eric as a lot of people are about about China I've seen some strategis on China Eric they kind of push back on that I know it's kind of contrar in call but they say uh you know valuation now looking attractive but you don't see that you look China has been a great excess return source for us for for several months and anytime you're underweight something you have to have some nervousness attached to it that's really where we are right now there's not a great fundamental reason Beyond a ton of liquidity injections from the central government the property Market is still upside down you look at where core demand is from a consumer standpoint it's just not there so the reason that sea is really moving up is because really just because it's been down so much I mean when you're down 40 45% which again has been great to be underweight there may be a bit of a reflexive move higher so again it's an area where the information is Is Not Great coming from China but the fact that you've had just just such a move lower probably a little bit of consolidation makes sense we'd still remain underweighted we think there are other opportunities out there and not a great fundamental story for some time in China um so we talked about where you do see opportunities here in the US in terms of sort of the AI trade um I know you like consumer discretionary and healthare as well what are just briefly what are the sort of thinking behind those yeah I think on healthc care specifically this is something that Julie know there's this ongoing let's call it demographic Tailwind that's very hard to uh to to to move past in other words you've got a broadening out of an aging population you have more value added Services being delivered whether that's in Pharma whether that's in things like uh you know biotech if you look at pbms if you look at at a variety of the service intake for for healthcare it just hasn't been rewarded and and that demographic trend we think is g to be very slow um to to let's call it curtail so we think it's hard to bet against demographics this is an aging population with still some degree of growth so we'd stick with Healthcare consumer discretionary we think this is a story of the the big getting bigger and and really consolidating down the the overall environment so we think this is a space where you can get involved and some of the larger consumer discretionary that is really the The Hub if you will of capex and and the changing experience for consumers so those are two things that we think that big get bigger and continue to get stronger in both both spaces Eric Freedman thanks so much appreciate it great to be here thank you |
VB-PdHPp7KM | https://www.youtube.com/watch?v=VB-PdHPp7KM | 2024-03-14 00:00:00 | Yahoo Finance | Consumers’ purchasing power grows as wage growth outpaces inflation | R will shifting gears look at retail sales rebounding in February after seeing their steepest decline in nearly a year during the prior month for more on the modest Rebound in retail sales and what this signals about the consumer in the months ahead is Michelle Meyer Chief Economist at the MasterCard economics Institute thank you for joining us this morning so Michelle I want to get your takeaways for just how well the consumer is fairing given what we've seen with this rebound and retail sales modest though as it was well it was nice to see the trend in February turn to what we were seeing before the noise in January we know that the turn of the Year tends to be very volatile High seasonality particularly around the holidays so it was a little bit hard to really understand where the consumer was going at the start of the year just from January data point so now that we have the full month of February both from the Census bureau's retail sales numbers from our own insights through spending posts we certainly did see a return to Trend like expansion in February with characteristics that were very similar to what we were seeing um at the end of last year for the consumer yeah Michelle to your point data is always backwards looking but when you think of what we've heard so far from some of these retailers um on where the consumer is what does that tell you about how much upside we can continue to see moving forward given the state of where the consumer is today yeah look I think the consumer is empowered in this environment the reason I say that is they are facing an environment where for many categories prices are now falling think about what we saw even in today's report with some of these larger durable goods items seeing declines part of that's because prices are falling um and that means that consumers have a bit more real purchasing power when you look at aggregate wages versus overall CPI you are seeing wage growth outpaced inflation of prices of goods and services which means that again you have that real purchasing power so I think that's supportive I think that's um quite helpful and I think it's reflective of the fact that we're evolving and where we are in the business cycle where the labor market has remained quite resilient um but yet we have seen easing across some categories of the Consumer Price basket not all but but many so Michelle let's dive into that as we look at what we've seen with with Goods the growth of goods retail sales versus Services here as we look at some of the things in the spending pulse uh February survey here what stand out to you as perhaps some surprises or some strengths that you're continuing to see here well it's pretty amazing the consistency of the story which is two folds one we are continuing to see um outperformance in terms of spending online versus in store um and that is also reflected in a broad broad data set so you are seeing consumers continue to embrace um that online presence you're also seeing evidence of experience-based spending still doing well whether that's restaurant or travel or even these moments in time where consumers are spending we recently published a report with the MasterCard econom iics Institute looking at how the Taylor Swift concerts impacted spending Behavior across the us as an indication of what's to come as she enters um the scene abroad and it's meaningful where consumers really do uh show up and spend in a significant way for these these moments in time we looked at the species and as well with our research to try to identify how consumers were spending on specific travel moments so consumers have the ability to spend they are prioritizing they're being mindful prices um but they have that power right now Michelle Meyer MasterCard economics Institute chief us Economist good to talk to you today appreciate the time same to you both thank you |
70Qbm_vDj1s | https://www.youtube.com/watch?v=70Qbm_vDj1s | 2024-03-14 00:00:00 | Yahoo Finance | What investors should consider when investing in dollar store stocks | now with just over 10 minutes to go till the closing bell we're looking at how to navigate the big picture with the Yahoo finance Playbook consumers are continue to cut back on spending that's thanks to persistent inflationary pressure in today's Playbook we're taking a look at the discount names that are best positioned to benefit from the lower income Shoppers trade down we're joined Now by Corey tarlo jeffy's senior vice president equity research and Brian mury Zach's Investment Management client portfolio manager guys it's it's good to have both of you on the show and maybe Cory I'll start with you you know you you gone through a lot of earnings reports now Corey you've listened to a lot of conference calls what's your take on on on the kind of lowincome consumer right now Corey how healthy and resilient um do they look just based on on what you're hearing from your own coverage Universe good afternoon and thanks for having me so what I would say is that right now the low-income consumer clearly been pressured by the persistent inflation that we've seen and the individual who was on before me cited the oil could be breaking higher well one of the things that you Monitor and you think about when it comes to Dollar Stores is especially when it crosses that 4 a gallon threshold you do tend to see traffic pick up at the dollar stores and so as you have seen really robust inflation cooling some um but still sticky potentially oil prices going up uh it does spell for a consumer that is still very value conscious uh we are starting to see some early Sun signs of improvement in general merchandise at certain retailers um but it's still very very early days there so you're still seeing a prioritization of needs over wants um Brian I want to get your take on this as well and whether you know it feels like when you're talking about a Dollar General Dollar Tree Family Dollar the trade down sort of stops there right so it would just be people not buying as many discretionary items or buying less of what they are buying kind of where are we in that cycle in your view yeah absolutely and I'll add to the discussion where we find a clear dividing line for the consumer is whether or not you own your own home those people that owned a home and were able to refinance at a very low fixed rate aren't feeling the pinch of inflation as much as those people who have been renting since 2020 they're feeling everything rents are up 12 to 20% Nationwide now we've got energy cost Rising on the back of insurance cost rising and that's really causing a change in the behavior from consumer where they're having to go and save money somewhere else and so we're looking at these stores and and their product offering and in Dollar General in particular is one of those places that has really made a key investment in perishables where you can actually get some fresh produce while you're there shopping for other items at a discount as well and so that's really a big part of their growth is to have more engagement for people who are already there trying to save money in their budget because of the higher cost of everything right now and cor I want to bring you here well cuz you cover those names and it was interesting Cory to watch I mean Dollar General reports gives an Outlook investors clearly liked it Dollar Tree reports and and and tanks you know Brian touched on it but I want your take Corey as well what do you think kind of explains the diverging stories there yeah it's it's a tale of two businesses I think at Dollar Tree it's certainly A Tale of Two banners as well for me at Dollar General it's all about traffic and market share gains Dollar General has seen traffic increase in the last two quarters consecutively uh they've seen market share gains in consumables in both units and dollars and market share gains in dollars in non-consumables so everything seems to be trending um in a good direction there from a sales perspective and then as we go to Dollar Tree as I mentioned It's A Tale of Two banners the Dollar Tree Banner continues to be very very strong from a sales and margin standpoint however if you look at the Family Dollar Banner the Family Dollar B has been very pressured from a profitability standpoint and in fact in the last quarter it only generated $7 million of operating profit on a business that is multibillion dollars in Revenue so that profit outlook for Family Dollar does give us pause when it comes to Dollar Tree and so Brian is it as simple as for investors to avoid Dollar Tree and maybe deploy some Capital to Dollar General well and I agree with what Cory's saying and then if I take it a step further and look at the forward guidance you've got Dollar General who's looking to grow their footprint expanding aggressively remodeling stores and and also adding to their lineup in terms of available product this is a good growth type of story whereas with Dollar Tree they're cutting right they're going to end up closing around a thousand locations of those Family Dollar stores and that seems like a business that's in Decline just from the top end of it as we dig into the numbers also agree that there's good profitability there but how do we go for forward from here and for us in the rising expense that we just saw from the PPI data right input costs might not be as rosy as people think especially with oil going higher so now it becomes to operational execution we know that there are cost savings out there that there could be more efficiencies gained it seems like Dollar General to us is in a better place in terms of controlling those expenses and having better margins from this point going forward there will be some cost savings from the restructuring from Dollar Tree event eventually but they kind of have to rate the ship in the near term and Cory I know you kind of you agree at least with some of Brian's points though because on Dollar General you know you're a Believer you got to buy on that name Dollar Tree though you're you're on the sidelines Corey so what do you need to see before getting more bullish on that name I think it comes down to profitability and ultimately if you think about the path for Dollar Tree the Family Dollar segment with all the closures that were just pointed out that are occurring again about a thousand stores that's going to be SE over $700 million of Revenue that is going to be uh lost due to the closure of these stores over time and so that's a very sizable portion of of the company sales that are are basically going to disappear with these closures as they slowly try to inch toward a more profitable Enterprise over time and so this is really going to be a show me type story for Dollar Tree and and it really needs to start in our view with an improvement in Family Dollar um and there's one other retailer that I want to bring up with you Brian in particular because I know you're watching and it's one we haven't heard from yet in terms of earnings that's Five Below also in the discount space it's a little bit different here right in terms of its profile in terms of what it sells uh my kids go love going in that place by the way but what you know what how is it going to stand up versus these ones well F BL has a little bit different model right they're attached to some bigger Mall type of footprints and larger store sizes and they have a little bit more flexibility rather than tying themselves to just a dollar right it's $5 and below and there's actually quite a few things in there that we know are well above $5 they've got more price flexibility from just a consumer expectation point of view and they certainly are targeting the pre-teen and teen Market I know my kids love going there as well but it simply lacks the scale right we're talking about a business that only has about 1,500 locations compared to Dollar General at over 5,000 and and just in terms of sheer scale of Revenue we're talking 3 billion or so in sales compared to the 38 billion in Dollar General and so they definitely have more grower type of a feel but they're not quite knocking on the door of Dollar Tree or Dollar General just yet but there is a clear uh I would say momentum behind the growth the the the lower numbers mean that there's more energy behind some of the winds in terms of earnings beat and earnings expectations and they certainly have a good business model because they're not carrying any debt on the balance sheet right now Brian Corey thank you both guys for joining us today appreciate it thank you |
CJCvvF4OUg8 | https://www.youtube.com/watch?v=CJCvvF4OUg8 | 2024-03-14 00:00:00 | Yahoo Finance | Federal Reserve has had very bad monetary policy in recent years: Manhattan Institute | the federal reserve's March meeting kicks off in less than a week and investors will listen closely for any indication of timing on up upcoming rate cuts the Central Bank since its founding more than 100 years ago has seen its impact extend beyond just monetary policy and that according to our next guest is a problem Dan Katz a Manhattan Institute adjunct fellow and former Treasury Department senior adviser argues on a new report that the fed's current structure limits its Effectiveness and some significant reforms are necessary and Dan is joining us now thanks for being here Dan it's great to be with you so first of all um what is the problem with the FED as succinctly and sort of in as plain language as you can and is it just outside the bounds of its traditional role in monetary policy well the problem with the FED that most people would as most people understand it is that we've actually had very bad monetary policy in recent years and that's contributed to the to the inflation that we've had recently and so what we've tried to do in our report is to step back and say look the FED is this very special institution that's not like any other government agency it really has very limited accountability because we're trying to insulate it from politics in the tradition of Central Bank Independence and so what my co-author Steve Meer and I did is we looked at the fed's governance and we asked ourselves what is it about the fed's governance that contributed to the mistakes of the last few years and are there any adjustments we should make to make the FED perform better and what we've found is that the the fed's lack of accountability really did contribute to many of the monetary policy errs of recent years so the structure of the rate setting fomc is dominated by the DC based Board of Governors and that has really enabled group think that has that has allowed the FED for example to unilaterally reinterpret its inflation mandate in 2020 to purposefully try to overshoot its inflation Target and then for the next year and a half to dismiss inflation as transitory which of course contrib to the inflation that has that resulted in declining real incomes in recent years additionally sorry go ahead please go ahead well you know and Beyond monetary policy The fed's Wider responsibilities have also dragged it into the political Arena think banking regulation and crisis response uh and so what we recommend in our report is a set of solutions to change the fed's governance Arrangement that that we believe could help insulate the uh monetary policy process from political pressure and result in better monetary policy over time well it sounds it sounds like part of what you're arguing is not necessarily political pressure it's more just the structure of the FED internally so you know for for example when you talk about group think that's not necessarily a political problem that's just a sort of a human problem right so how would you correct for something like that yeah so that's exactly right it's really about the incentives on the fomc and what that does with the monetary policy process and I think it's important to recognize that Central Bank Independence does not just mean an absence of accountability right accountability is a fundamental mechanism we use across Society to ensure good performance this is fundamental to corporate governance for example and we really believe if you want to incentivize the FED to do better next time around you need to inject more accountability into the process and you also need to change the structure of the FED to reduce the incentives for for example group things and to reduce its responsibilities that are so tightly bound up in the political process that they result in the FED being politicized like for example the current fight around Bank regulation and the so-called bosel 3 endgame which has the fed you know deeply in mesed in a very very ugly political fight in DC which is really not helpful for the FED to be able to conduct monetary policy independent moving forward so I just want to focus more on the monetary policy side of things how do you incentivize well I I guess first of all how do you incentify incentivize um better decision making and who decides whether the decision- making is good or bad frequently that kind of thing is not uh obvious to say the least until it's too late or until later right I mean in other words you have a lot of arguing in real time about whether the fed's decision- making is correct or not external arguing that is so how do you decide if it's right or not and then how do you incentivize the quote unquote right decision sure so obviously no system is going to be perfect that is the nature of dealing with uncertainty uh which is an inherent feature of the economy and so adopting for example a policy rule like a tailor rule or curtailing the fed's scope of action Exane we think would actually be a very big mistake because you do need real people in the room debating ideas and trying to make the best of an uncertain future what we focus on in the report is trying to create better incentives for decision-making on the fed by relying on checks and balances uh and also by injecting additional accountability so for example On The Board of Governors uh what we're calling on is for a restructuring of the terms of Governors to shorten their terms uh to also impose impose cooling off periods before returning to service in the executive branch to reduce the incentives uh for politicized decision- making uh and also to allow the president to remove fed Governors for for poor performance and we would balance this increased presidential control over the Board of Governors with a revamp Reserve Bank system so right now the reserve banks basically lack complete Democratic legitimacy they're actually private corporations that are uh largely governed by local special interests and so what we would do is bring them into the government formally and we would have their leadership selected by the states in their district and crucially on the fomc we would have all the reserve banks vote at every meeting so the idea is you balance a uh a Board of Governors that's under increased presidential control with a revamp Reserve Bank system that is more accountable at the state level to create a check in Balance throughout the system to avoid politicized decision- making on the fomc that's not going to be perfect but we think that an increased diversity of voices on the fomc is going to help lead to better decision-making over time Dan um it's very thought-provoking and I appreciate you coming on and sharing it with us thanks for having me great to be with you thanks |
n8FK-2PEjsA | https://www.youtube.com/watch?v=n8FK-2PEjsA | 2024-03-14 00:00:00 | Yahoo Finance | The stock market has a sentiment problem, analyst says | right let's Bren it out here as we look at stocks posting those modest declines as markets react to Fresh evidence of sticky inflation the latest PPI reading coming in above Economist expectations and seems to be another sign the FED is likely to keep rates higher for longer joining us now Lori calvasina RBC Capital markets head of us Equity strategy Lori first of all it's great to see you as always thanks so much for being with us um not great news necessarily for investors today and what's interesting is you got CPI and markets sort of seem to shrug it off now you have PPI and retail sales you know JP palal was looking for more good data are we getting now more meh data that's sort of adding up yeah look I I and first of all thanks for having me it's always great to see you as well um and be on the show but look I do think that this is kind of mad data um you know in fact our rate strategy team did reduce the number of cuts they're anticipating from the fed from five down to three um and so they've you know sort of trimmed their Outlook a bit they've always been the June start camp and they haven't deviated from that I do think other investors across the street have had to do a lot more ratcheting down of their expectations there was this big camp for March and we've really seen that the March cut Camp you know has gone through some things you know over the last you know month or so it hasn't been so pleasant to talk to those folks um but I do think you know as I talked to some of those people and we've sort of debated what the fed's going to do with people over the last four to six weeks I frankly have had have heard some concerns um about inflation potentially coming in hotter than anticipated so I look at the Fairly muted reaction in the market that we've had to both CPI and PPI and it actually kind of makes sense to me because I do think there had already been a lot of worry among the equity crowd that maybe the inflation data was going to be a little bit bumpy on the way down do you think Lori just to plan a point that maybe part of what's going on is kind of a narrative shift in that there was this storyline Lori out there for a while you know well the fed's going to have to cut if the Market's going to move higher do you think maybe now that sort of changing and the focus is more well you know the economy is solid and and earnings revisions moving in the right direction you know I we are seeing a little bit of you know kind of stabilization earnings estimates the last few weeks but we did see a little bit of a ratcheting down to start the year that is not uncommon at all um but I think what I've also noticed in client conversations is people who have been worried about whether or not the FED is going to cut have generally phrased it as this oh my gosh the US economy is so strong the FED can't possibly cut that's sort of the extreme version of that if you go back to last August the concerns about the FED were expressed a very different way it was the fed's just going to keep cutting or keep hiking or not going to cut and we're going to get a recession and so the economic narrative is just completely flipped and that if you look at just GDP forecast themselves they're around 1.6% in the middle of February right right actually before I went on vacation for spring break and when I got back from spring break they had sprung all the way up to 2% and now they're at 2.1% right now so we're seen those economic forecasts move up very very quickly and I think even though there's all this fed angst out there people have really also been focused on the idea that this economy is not on the brink of of recession the way a lot of people thought it was and do you think that there's anything in the economic data that we've gotten this week that is going to shake that new found optimism so look I think there's always going to be a bit of angst but you know frankly Julie we just got through this reporting season um where I do think companies were generally trying to talk expectations but that was more on the cost side um if you think about sort of the demand environment I don't think we really heard anything new that we haven't been hearing for the last six nine months which is that high-end consumers are generally pretty strong lower-end consumers are starting to show some cracks but things are generally holding up pretty well and I think you know we just heard 500 companies from the S&P 500 and most of those told us that we're not on the brink of recession so yes people are going to pay attention to economic data um and you know there may be some hiccups here and there but I think the preponderance of the evidence is still in that we're you know the FED is going to thread the needle and pull this off and Lori you know the strategist David Rosenberg he was out with a note to his clients today Lori and he said there's two primary concerns uh for the market right now one he said lofty valuations his words Lori and then he also talked about what he called excessive bullish sentiment you agree you think those are are two big concerns I agree with him on the bullish sentiment so we watch sentiment pretty closely and you know that's one of the things that's been weighing on us a bit you know in the short term I would say if you look at a AI I net Bulls you've been above the one standard deviation Mark in terms of net bullishness not quite back to two standard deviations when you're two standard deviations on the bull side it tends to be a down Market over the next 12 months when you're above one but not yet back to two it tends to be a flat Market over the next three months and moderate gains over the next 12 so we're in that latter Camp um if you look at cftc data on buy side positioning um net Equity future positioning among the whole buy side and looking across things like NASDAQ S&P Dow midcap and small cap contracts just the whole enchilada big together um what you're seeing is that the positioning has been above the highs that we saw in early 2018 and early 2020 preco we've also been well above the highs that we're seeing in 2021 and early 2022 so we do have a sentiment problem out there I think it's begrudging bullishness um I don't think people you know necessarily feel as great you know as they have at some of those other Peaks on the cftc data but it is certainly concerning on the data side valuation I'll take the other side of the argument what we see on our modeling and we do our valuation work very very differently from most people on the street is that valuations are pretty fair in the context of interest rates in the context of inflation moderating and in the context of recovering GDP um long story short our model goes back to 1962 we use regression analysis for things like 10year yields uh fed funds GDP and pce for inflation and if you look at where uh the consensus expectations are for those very variables at the end of the year plug them into our model it's telling us to look for a 23 and a half time or 23 three times uh multiple rather at the end of the year and that model was calling for 21 to 22 times at the end of last year and ended up being right so I think people who and I don't know you know exactly what David's doing on his valuation work but I know there is a tendency on the street to just sort of look at averages and say hey we're this far above average we this far below average and therefore we're expensive or therefore we're cheap and we just take an entirely a different approach to valuation which is saying that things are pretty fair and there could actually be some upside in this market our model is saying 5400 on the bull side all right we'll see if we'll get that bull case scenario Lori great to catch up with you as always hope to see you again soon all right have a great day |
UF29m5i81do | https://www.youtube.com/watch?v=UF29m5i81do | 2024-03-14 00:00:00 | Yahoo Finance | How Nvidia created a competitive moat as chip rivals vie for market share: Wedbush | shares of Nvidia pulling back today as investors look ahead to the chip Giants GTC Conference next week where the chip giant is expected to De debut new tech and our next guest just boosted his price Target on the stock to $1,000 from 850 in anticipation of the big event joining us now is Matt Bryson W bush Security senior vice president of equity research for Hardware thank you for joining us today um just big picture what can we expect from this conference there's a lot of attention on Blackwell and some of the new technology that they're bringing but what's the overall Vibe um I I I mean I think the overall Vibe is is going to be positive they're always very positive uh during these GTC events um a lot of what they talk about is very big picture um and tends to be things that you might not see uh for for some time uh but at the same time Blackwell um is a big deal uh they've said before that they don't think they're going to be able to meet the demand for the product initially because it's so strong um and so I think a lot of investor focus is going to be on exactly what that chip looks like when it will debut uh what it might be priced at so Matt what does this mean then for competitors we know Nvidia by far the leader within the space but when you take a look at some of the rivals out there specifically AMD how far behind is that going to leave some of the other names within the space I that that that's a great question um I I I think having said that um AMD has gotten uh I believe four of the large US customers to buy into their Solutions I I think there's interest from the cloud uh the cloud data centers in having a Second Source um in having options and so I I I think through 2024 uh AMD is still going to ramp revenues um you have another event out there uh paralleling GTC it's a startup called cus uh they're showing off their wafer scale chip um again they have a niche very high-end training um and I I think they'll still do very well um in that Niche uh and so I think there's demand for more than just Nvidia having said that I think that Nvidia and bring the Cadence of its products to Market faster is certainly doing its best to maintain its share lead and Matt I want to talk about another chip manufacturer facturer here that's in the news and that's Intel um they were they were slated to get $2.5 billion do from the Pentagon but it looks like that's coming back could you just give us some of the some of the Intel we have this is based on a Bloomberg report from I believe yesterday yeah so what Bloomberg is saying is there was a uh defense allocation um it it was going to be$ three and a. half billion dollars uh the a billion of that was going to come come from chips sack fund funds two and a half was going to come from uh the the Pentagon um and and that the the Pentagon is stepping away from from that funding um I I haven't been able to to validate that um I I think at the end of the day Intel is going to be the the biggest single winner from uh us funds um or us funding of Chip makers um so um do they get the full allocation do they not I'm not sure from a doesn't matter perspective um Intel said in the past that if they don't get what they think is the right level of funds um they may have a somewhat smaller scale out in the US in terms of production facilities um but I I I don't think it really changes the story where with Intel it's do they get their their Foundry process right and if they get that process right um I think they're right back um In Contention as being you know one of the main suppliers of server and PC chips Matt if we do see a little bit more momentum from some of nvidia's Rivals out there what is that then going to do do you think in the long term for the growth story there because when you take a look at once again 80% growth here the fact that the stock has been basically shooting up to the Moon over the last 18 months what does that then do to those comparison numbers a couple of years out um that's a that's a great question uh part of it is going to depend on on the growth of of AI and you know that's that it's really difficult to figure out exactly what the Tam of the market is right now we have a market that's growing um in an explosive speed you've had numbers thrown out there like uh AMD talking about $400 billion dollar in accelerator Tam um in in 2027 um if the Market's growing to $400 billion dollar um and AMD is right uh even if Nvidia is losing share they're they're so still growing at an accelerated growth rate through that period um and so honestly I I don't I I don't think it it matters um the other thing to remember with Nvidia is they've done a lot to create a competitive mode so um yes well Microsoft is able to potentially use an AMD uh by by doing its own back back background work on the on the software uh to run the models um not everyone's able to do that um Nvidia in uh its development of Cuda in seed and Cuda in universities uh in funding startups um I I I think they're making it really difficult for uh their competition to take a a bunch of share um and so I think it's at some point um Nvidia remains uh the market share leader even if they don't have quite the same amount of share they have right now last question here and I'll somewhat give you the floor any surprises that we might uh see in the chip industry over the next year things not necessarily in purview here for a Main Street investor but that you might uh see coming down the pike surprises um or just one something in general that uh is sticking out to you that maybe we haven't touched on here yeah no so I I I I think with regards to AI people have been very focused on um on on the AI opportunity they they haven't thought as much about uh the the ancillary uh parts of the infrastructure they're needed to support um Ai and so in particular um I'd call out the opportunity in memory uh companies have been underinvestigated um that's more resources that the memory vendors can't spend on mainstream Dam mainstream Nan and at the end of the day AI is All About Storage right generative AI um you're generating uh data so you got to store it um and it's based on using a bunch of data to train models um and so I I think um the memory space is really one of my favorite spaces right now um and I I think that the names in that space m grandon WD do very well um yeah all right Matt Bryson web Bush Security senior vice president of equity research for Hardware thanks so much for hoing on with us this morning we look forward to your reaction to the event next week |
qzzoUrFUyjk | https://www.youtube.com/watch?v=qzzoUrFUyjk | 2024-03-14 00:00:00 | Yahoo Finance | Tesla investors 'have had enough' with Elon Musk: Ross Gerber on EV maker's challenges | well Tesla share is falling more than 30% since the start of the year with a number of factors leading to that decline the EV giant is received several analyst downgrades including one from Wells Fargo on Wednesday There's also concerns about a Slowdown in EV demand let's talk about where investor sentiment is likely to lead to now Ross Gerber Gerber Kawasaki wealth and Investment Management CEO joining us now Ross we always like to talk Tesla with you but I wonder where you think about where Tesla has fallen right now is this just about about Tesla coming back down to reality where fair value should be or are there fundamental questions about its growth potential now unfortunately I think it's kind of both in that the original story that I think most investors bought into with Tesla didn't really include Elon and Twitter and I think for a long time we all hoped that it really wouldn't affect Tesla and the demand for its products but we all know that that has now happened and and the demand for Tesla products is is obviously lower and they've had to Discount and do many things to hurt that hurt margins and returns and ultimately you know profits for Tesla so you know you've got that problem which is where's the bottom when they don't advertise and they don't do anything to create demand but the CEO of the company every day goes out and hurts demand through his actions literally every day yesterday it was Don Lemon and Mr Free Speech you know oh but I don't like the guy who interviewed me so he's fired you know that's not free speech so so I think you know investors have had enough and and we see the fallacy in this business model now where the king of advertising the brand is now the devil advertising the brand basically so Ros I mean this is tough and I know you're you're someone who I mean you this is a company that you that you like that you follow I love the compy how exactly so how how hard is it then to try and value this company that started off as a car company then is considered more of a software company and then you bring in some of the personality of the CEO as well coming into the mix how do you end up valuing accurately Tesla well the way we've always valued Tesla is a tech company first of all and in its Heyday it traded a 100 times forward earnings um in the end of 21 when things were you know as good as they could be for Tesla and and you know so part of it is evaluation coming back down to earth and and and when you L it with Ford multiples for Microsoft Nvidia you know Google Apple the mag 7 let's say you know 35 to 40 times forward earnings makes a lot of sense so if you're looking at $3 for this year you know you're that's how the Wells Fargo guy gets to 125 and so you know 40 times earnings seems like a fair multiple for a company that isn't growing earnings but has an incredible potential future but you know this could turn around very quickly if either like Tesla gets a real CEO who's actually going to help the company or Elon changes his tune and actually comes back to working at Tesla and promoting the brand in a positive way so they're they've got great products the Cyber Tru is is amazing but it's just a literally a business lesson of an amazing company being brought down by its CEO yeah but Ross you said it you valuated as a tech company I mean what's the tech Catalyst here you know for for months we heard from so many Tech Tesla Bulls said look this is this is an AI company but there's not an AI product out there when you think about autopilot it's not at the level five that was C it's not an AI company and and elon's made it clear he's not going to build AI at Tesla which is even more disc you know upsetting to me um especially because Tesla could have owned open AI in hindsight and boy that's worth now hundred billion dollars so you know there's a lot of stuff going on here but Tesla's technology Battery Technology and scaling Advanced Battery Technology um for MEAP packs for example for utilities um the technology behind the the Tesla manufacturing process as well as the battery uh production process not to mention full self-driving which is still an impressive piece of technology but but what they've done is they've been able to scale EVS like no other company's been able to do in the world and so we we now see for sure the moat that Tesla's built is pretty deep being able to make 2 million cars and nobody's even close so so I think you know it's not a car company that's for sure I mean you can you call a cyber truck like a regular truck you know it's it's not a truck company so so I think it's a tech company but it it still doesn't change the reality that companies trade based off the perception of its future earnings and now that perception is changed to a much lower perception of future earnings and that's why there's so much pressure on the stock and once again it could be reversed immediately if Tesla took actions to improve the brand and advertise its products and Russ I have to ask you because as we talk about the Cyber truck here you know another one of these Halo products gets more eyes in you see especially these early adopters very keen on it but was it a misstep then to not focus on cheaper newer Tesla vehicles versus sort of this price cut up and down that people are seeing as well what would have been perhaps the better strategy here well no I don't have any issues with their strategy and and the car is very reasonably price now with the discounts and the EV credits so you can buy a Tesla for in the mid $30,000 range and if you're smart you can buy a used Tesla for way cheaper and there's actually like very little or no depreciation in Tesla's actual car performance so if you buy a two or three-year-old Tesla it works just as good as a brand new Tesla so you know for investors or or car buyers out there there's an amazing opportunity to buy like a used Tesla at a very very reasonable price and still get an EV tax credit so I don't think they need to make a more affordable car right now because they're having trouble selling the cars they have and they think it's price but it's really marketing and so the amount of misinformation about EVS out there is just at an all-time high because they continue to be more and more successful gaining market share against gas cars and so you know the the thud and the misinformation just ramps up the more success Tesla has so as a company Tesla's amazingly successful but for it to move to the next level they're going to have to change their strategy um Ross what do you make of this this threat this this flag that those like Elon Musk have raised about um competition coming in from Chinese EVS I mean can Tesla continue to maintain its market share on a global scale not just the us but outside of the us as well with its current lineup with the Chinese Eevee makers like byd continuing to move in so aggressively yeah I mean I think this is a reality I don't think China is going to be that aggressive in the United States for various reasons but I think in the rest of the world you know their pricing and their scale at byd for example is incredible and in China because the government has supported EV prod producers there's lots of choice and lots of inexpensive choices so Tesla has to compete head on in China even though it's a massive EV Market it's super competitive and you know this is this is a challenge for them um secondly being an American company that you know the perception of America has changed in China a little bit too so that it's not as much of an advantage as it used to be um that said Europe has had all kinds of issues with people terrorizing the plant there and shutting it down for several weeks which will cost a ton of money but I don't think there's any lack of demand for electric vehicles the price of gas continues to be very high consumers can save thousands of dollars a year buying an EV they're actually better cars drive faster there's absolutely no reason to buy a cast car and that message has to just be you know shared consumers globally and people will make that choice over the next decade and and I see Mass adoption of EVS now how much money is made during this is really what's the question Ross Gerber always good to get your take uh joining us today Gerber Kawasaki wealth and Investment Management CEO get to talk to you today yeah thanks for having |
gUiLuHvbC64 | https://www.youtube.com/watch?v=gUiLuHvbC64 | 2024-03-14 00:00:00 | Yahoo Finance | Reddit IPO risks 'big runup' followed by 'a drop' in the stock price, VC investor says | Reddit reportedly telling potential investors on his IPO Road show that they expect Revenue in 20124 to grow by more than 20% from a year ago that's according to a report from Bloomberg now this coming as a social media company gears up for its public debut we want to bring in Cameron anari he is Venture partner at headline joining us now with a little bit more on what to expect so Cameron we got that headline out yesterday from Bloomberg 20% Revenue growth here they're expecting for the current year what's that going to do do you think for investor appetite you know I think not a lot at this point I mean I think the the story's been told most folks that are going to buy the Reddit stock are familiar with what it is uh reddit's a 20-year-old company this not a business that started yesterday it's been a long and winding road to get here uh and I think they they've priced it attractively right they the last round was at 1011 billion they've priced it now at about 6 and a half to try to I think create appetite for the IPO so that you leave room for uh some upside uh and hopefully a pop on the day the IPO for those investors and uh Cameron you've noted there some risks here and also considering that that first a IPO pop they're selling a lot of shares to Reddit users uh you know protecting the Insiders but what happens if they don't get that Pop there's just a lot of risk and I think your list here is interesting maybe you could go down some of these sure I mean look uh one of the biggest risks is this uh very unusual move they're they're doing where they're offering 8% of the float on the IPO day to uh the users they're called redditors uh redditers or the folks that are the the you know that write the content if you you go to redit I mean I just went to the front page uh recently it's it's really like a chat room right it's kind of throwback site it's not a very attractive uh site in terms of the graphics and user interface it's really about discussion it's kind of a throwback to the old like Tumblr and like the AOL chat room so it's got this kind of a you know web 1.0 Vibe and the redditors are the people that actually write the content and their subreddits uh and the 8% they're offering to those folks is not locked up meaning those people can buy and sell that stock freely uh the day of the IPO the next day which is unus ual where most people are locked up uh and they can't create volatility so you may see a big run up in the stock price and a drop which similar to what we saw with Robin Hood uh and because this has such a rabid Community around it the Reddit uh users uh you could see it Reddit itself ironically become a meme stock the way that you saw happen with like AMC andate irony yeah it would be the ultimate irony do you think it's a smart move here by Reddit to do this I think you know I I was I was looking into this and then they said look we almost had no other choice because these are the folks that made our business we have to show loyalty to them uh and it's a business that's always had a little bit more of like a Grassroots organic edgier Vibe this is not a you know I was thinking if you think of like Facebook and Google as being sort of mainstream Blue Chip uh you know the prompt King of the varsity quarterback reddit's always been a little more like the chess club the kind of the drama people it's kind of got that edgier uh you know Outsider Vibe and I think that's why they wanted to do this to be a little bit different and you mentioned that they has that they has that web 1.0 feel um and they have that going for them is there any talk among the user based concern that they're going to become oh a web 3.0 company they're going to be talking AI that kind of thing I would expect some of those concerns but how realistic are they're going to go mainstream like we saw the band when they were little and cool and now they're playing at you know the big Stadium I don't like them anymore that kind of thing yeah Bob Dilly historical example yeah I was there when there was they were they were small uh you they mentioned a lot of AI in the S1 uh I'm not exactly sure exactly how AI applies to the business I think obviously these days it's the jure you have to kind of mention Ai and what you're doing with it I think it can help probably with curation and one of the things that that's always been a little spicier with Reddit is the content can be not quite as Advertiser friendly it's not all family definitely not uh that's you know it's supposed to be a Haven for free speech so um the AI I think could be very useful to moderate some of the content that could be uh potentially you know VI in violation of their Norms Cameron how much is writing on reddits IPO just in terms of then the future Tech IPOs that or the activity that we could see play out between now and your end uh you know we had a little wave at the end of 23 we thought that was going to kind of open the floodgates uh it hasn't uh we had Cava and then we had clavio instacart arm um most of which have done pretty well actually instacart's had a recent run up arm I think has doubled um and then it was quiet and and told out so Reddit will be kind of the first I think major 2024 IPO in the tech space and if it does well I think you will see the other s s1s that have been kind of mothballed get dusted off and hopefully brought out uh maybe data bricks uh maybe arctic wolf intercom uh Clara uh some of these names have been thrown out in the tech space yeah I I just love that uh the revolution may be reddited um we're going to see that IPL we're going to see those comments in real time coming um I'll give you the floor here anything else we haven't cover that you think might be unusual or interesting about this IPO you know it's been a 20-year Journey for them the cap T's got a lot of uh different folks on than you typically see uh you know there are celebrities Advanced Publications which I think is the kast company uh owns a huge chunk of the business um because over the years this is a company that's had a lot of kind of transitions CEO changes um and it's it's been a long road so it'll be interesting to see what happens with them and indeed if a $65 billion doll IPO at that size is that enough to really kind of awake in the market FS of their names all right well thank you for stopping by here headline Adventure partner Cameron anari |
fiiuU9oIUqM | https://www.youtube.com/watch?v=fiiuU9oIUqM | 2024-03-14 00:00:00 | Yahoo Finance | The TikTok bill will 'run into some pretty serious First Amendment trouble,' expert says | the US House of Representatives passed a bill that could lead to a ban of the social media giant Tik Tok on Wednesday the legislation moves to the Senate now where it has a tough road ahead so what sort of legal president does a bill like this said we're joining us now on this is Ramia Krishan senior staff attorney at KN First Amendment Institute at Columbia University thank you for joining us this morning here so now obviously this is still a big if if it does get through the Senate and gets signed as President Biden said that he would um in terms of how the the legal scrutiny goes from here how narrow is this bill because that's been really been the argument that it's so narrow that it just applies to Tik Tok yeah the the whole debate around whether this bill just forces a sale or imposes a ban is really a red herring generally speaking the government can't accomplish indirectly what it is forbidden from doing directly and that's precisely what this bill does by forcing bite dance Tik toks Chinese owner to sell the app or to have the app banned so this bill is going to run into some pretty serious First Amendment trouble and that's because Americans have a First Amendment right to access media and social media of their choosing to justify the ban the government would have to show that its privacy and security concerns can't be addressed in narrow ways it hasn't done that and we doubt that it could uh Romeo we have seen divestures being forced before uh as a result of Chinese investment looking specifically at dating app grinder um we saw that company uh the Chinese company who purchased grinder having to forell have to sell it as a result of the cfus review um how is this case different than that yeah well I mean one difference is that grinder was uh forced to um forced into divesture as part of a uh as part of the cfus process which could apply to any technology company part of what's uh really uh you know astounding about this bill is that it functions almost like a bill of attainer it singles out Tik Tock and for really no good reason the primary justification the government has used uh in in in promoting this bill is that it protects Americans privacy but while it's true that Tik Tok collects a lot of data uh other platforms do too and this bill would do nothing to stem that flow while allowing China and other foreign adversaries to continue purchasing uh data from data Brokers and data aggregators on the open market uh so at bottom you know the the fact that this bill is ineffective is going to be fatal in any First Amendment analysis |
T5Ud2aAkVbI | https://www.youtube.com/watch?v=T5Ud2aAkVbI | 2024-03-14 00:00:00 | Yahoo Finance | Under Armour Kevin Plank returns as CEO in leadership shakeup | UnderArmour stock is under pressure this morning after a leadership shakeup at the company late Wednesday UnderArmour founder Kevin plank retaking the CEO Reign from Stephanie Leonards who has been at the role for just over a year we just had Leonards on our new leadership series lead this way and here's what she had to say about being CEO with the founder as executive chairman having the opportunity to work with the founder is pretty special and I think it's um fantastic for me as the CEO I think it's fantastic for the company and the brand that the founder of Under Armour is is our executive chairman and brand Chief and you know is deeply passionate about the company that he founded and is deeply passionate about supporting me as the CEO and growing the company and to break down what this means for investors we have Yahoo finances Brian sazy Brian uh timing is interesting here any inclination that something might be underfoot some big leadership changes when you had this inter well no uh so if you want to tie this all in a bow it's essentially this here's the story Rich aging quarterback wants to buy back his toy and that is essentially Kevin plank who owns 65% or 65% voting control of the company and he wants to take this company back likely before they open up a new headquarters in about a year just down from where he originally started under but nonetheless people that I've been talking to over the past 12 hours suggest this was a surprise uh to a lot of analysts on the street uh also a surprise to Stephanie linards uh based on what people have been telling me uh but also comes at a time where the business was being rebuilt essentially By Hand by Stephanie and her entire new leadership team that he's brought that she's brought on over the past six months so lot lots of moving Parts here uh generally the vibe on the street is um look they uh analysts are giving a lot of praise to to Kevin plank he did found this company he was selling T-shirts out of his car in in the late 1990s is an American success story but let's keep in mind it's a company that has had a lot of cultural issues a lot of major major operational steps uh when Kevin plank was in fact CEO and really one of the things that came up between me and Lenard's was this thought of culture uh Lenard's telling me that she is very much focused on on servant leadership and rebuilding the company's culture here's what she told me I'll Le this way that old expression that culture eats strategy for lunch but I think you need to have a strategy for culture I do think you need to have a strategy for culture and I think that the CEO plays an important role in driving the culture of the company and the culture that I want to have it under arour and that we have it under armour is one of winning of grit of determination of belief you do this long enough guys and and as I have you know I still look young but unless been doing this for a while and really some of the biggest success stories or turnaround success stories in Corporate America have come because a new CEO come in and reset the corporate culture right down and that helps the way of thinking it helps uh thinking right down to even the ground level now it takes time to rebuild a culture it takes time for those efforts to pay off but usually they do start to pay off one 2 3 years down the line and it's just something I think Kim plank didn't want to give Lenard's time to do interesting uh point on culture here I'll just continue this thread timeline of some of the I would say some of the biggest flops under Uh Kevin plank as CEO and there have been many couple things they are worth uh calling out uh bought a digital uh series of digital assets in My Fitness Pal nearly at the top of the market sold it for far less uh came out at the start of the Trump presidency with supportive comments for president Trump that really uh ruffled the feathers of Steph Curry of course a key asset endorsed athlete uh for underarmor with that Steph Curry line ironically one of the first meetings that Lenard's had she told me was with Steph Curry just to rebuild that relationship in large part because of those bungled comments in a TV interview by plank always known to put his foot in his mouth then you had the Wall Street Journal reporting in 2018 that a strip club visits uh were reportedly allowed to be expensed at Under Armour Under Armor looks like they the course corrected on that and then one of the more more bizarre stories in 2023 there were reports uh coming from a a new lawsuit against the company that uh that plank shared confidential information with TV anchor Stephanie rule uh so there's been a lot of going on and against backdrop of of really this you look at the last 10 years of results for Under Armour uh with pank uh plank largely at the helm sales have aggressively slowed down margins have degraded the company has lost significant market market share to Lemon Nike a lot of uh upstarts in the space so uh this is not going to be easy now Kevin plank posted on LinkedIn I should mention uh nor not want to make plank available for an interview to me uh also really not being available made available to any folks on Wall Street so tight lip for him did post on LinkedIn though that he seems to be a uh a changed human being uh and because of that he might be a changed CEO um to be told uh but he has a lot he has a lot to prove uh and really he can't come back in here and Under Armour thinking he's going to run this ship like he did you know the prior 10 years that's not going to cut in this environment so what what do you make of the stock reaction to this it's the correct it's been it's the correct one it's the correct one not only you have the surprise factor of pushing out a really a respected leader in Stephanie lards who had a lot of tremendous success at Marriott some of her efforts her her management team the management team she hires that they hired they were all new incredibly respected John varvados the fashion designer is the chief designer of this company so she has started to reset the culture and there were signs these things were starting to pay off and may have started to pay off later this year for the holiday shop season and again I think there's just this lack of trust and plank this a company that grew the company too aggressively uh led to a lot of bloat you have the controversial headlines and the Strategic direction of what plank wants to do is wildly unclear uh so I my I wish him good luck uh but he has a lot to prove and and all I can say is I hope you know he runs the company better than he did in the prior 10 years because if he doesn't this could very easily be a $2 stock five years from now |
z12m6KBHY1M | https://www.youtube.com/watch?v=z12m6KBHY1M | 2024-03-14 00:00:00 | Yahoo Finance | Fed may be 'on the sidelines' with rate cuts if inflation persists: Economist | let's talk a little more about what this means for the fed's calculus because the February PPI print showing that inflation Still Remains sticky Topline producer price Rising 6 t0 of a percent on a monthly basis that was more than what forecasters have been expecting we also got a read on the consumer this morning retail sales rising in the month of February rebounding from the decline that we saw in January also pointing to the fact that Shoppers are still out they are spending so let's talk about what this all means for the path forward for the Fed for that we want to bring in Lindsay pza the chief Economist with stea Lindsay it's great to have you here so we've been scratching our heads a little bit just in terms of the fact that Traders are still pricing in three Ray Cuts between now and the end of the year is that is that your base case or what do you think the FED is likely to do on the heels of these latest prints I think given the stickier that expected nature of inflation it's going to be very difficult for the FED to justify a near-term rate reduction our base case is that the FED holds off the second half of the year before initiating a change in policy now the market as you mentioned has capitulated from at least a March rate hike out to June but I think even that is overly optimistic again given the latest inflation data suggesting that we may continue to see the FED on the sideline for much much longer than expected if we're unable to see evidence that inflation is retreating back to that 2% Target and Lindsay as far as the evidence goes about that inflation uh those inflation numbers not quite getting to 2% we've seen headline CPA CPI Plateau over the last year supercore we don't hear much about supercore anymore but that's um that's Services X housing that has stabilized above 4% so what is the risk that the FED has to chase inflation to the upside once again well the risk is that the FED didn't raise rates to an actually sufficiently restrictive level that they stopped short of where we should have seen that backup in policy and they are allowing inflation to become further entrenched the longer they sit on the sidelines and the longer inflation remains above that Target so the risk is that inflation remains above these levels above 2% and the FED is eventually forced to come back into the marketplace and continue to raise rates now that's going to be a very difficult sell to the market because the FED has clearly communicated that they're comfortable with this current terminal level of 5 a half% on the upper bound but should inflation remain stagnant that means the fed's on the sideline should inflation reverse course meaningfully that means the FED may have to come back in with additional rate uh rate increases and Lindsay we've discussed this with you in the past but there's just been more and more chatter about that 2% Target whether or not that makes sense in this post-pandemic economy and what the current landscape is right now how are you looking at that and what and what do you think that that will ultimately tell us here in terms of the fed's policy over the next 12 to 18 months well if you listen to the Federal Reserve commentary regarding the 2% Target the the fed the FED chairman specifically has been very clear he said 2% is our Target it's always been our Target it always will be our Target so he clearly is not wavering from that that Mandate of 2% nominal price growth longer run the Fed may be more willing to have a conversation to provide them additional wiggle room in terms of that inflation Target but right now they cannot deviate from that 2% Target without potentially sending inflation expectations much higher which would feed back into the real read of inflation and simply compound the difficulty for the FED to reinstate price stability and I want to take a quick detour to the jobs Market because we did get some jobless claims numbers this morning 209,000 Street was expecting more and then on continuing claims that also came in light at, 181,000 just wondering what the labor situation is we we have a tight labor market it's remained that way how does this fit into your your fed calculations well the FED has a very clear dual mandate stable prices full employment when we look at the labor market it's very clear whether you look at the pace of job creation the initial jobless claims wage growth all of these components suggest a very tight labor market so the FED can comfortably check the box of Full Employment suggesting then that their full attention at this point is getting to that second goal of price stability reinstating stable price pressures in the US economy so that is entirely their focus that is their directive at this point and unfortunately market conditions have simply posed more and more challenges to achieving that goal |
An0jaz6naWw | https://www.youtube.com/watch?v=An0jaz6naWw | 2024-03-14 00:00:00 | Yahoo Finance | Hotter-than-expected inflation data continues to dent Fed rate cut hopes | our top story today Futures pairing gains this morning as hotter than expected inflation data continues to Dent hopes that the Federal Reserve will cut interest rates in the coming months wholesale pric is jumping 6% on the month that was higher than the 3/10 of a percent forecast meanwhile retail sales Rising 610 of a percent month over month compared to an estimated 8/10 of a percent increase we have got team coverage with Yahoo finances Ali canal and Josh Schaefer Josh let's begin with you on retail Sal please yeah Jared so taking a look at retail sales I think the big story here is just that we saw any sort of a rebound uh we saw the number get revised down in January to minus 1.1% was that January number so to see some level of a rebound here I think it's just a positive sign when you think about the consumer still being in good shape and especially with what Ally is about to talk about on the inflation front I would say a number that it's good that this number wasn't much higher I think we'd be starting to get to the point where people are getting concerned about economic data perhaps coming in too well with some of these inflation prints that we're getting yeah certainly and Josh to that point in Aly to bring you in here on the conversation there's a lot of focus on these PPI prints over the last several months because of what it really tells us about the overall inflation picture and taking a look at this print the FED still has looks like a longer way to go than maybe even the street is realizing at this point yeah and the producer price index that measures the cost of goods for those producers and similar to the Consumer Price Index that we saw earlier this week inflation continues to remain elevated according to the data producer prices were at 0.6% in February over the prior month the expectation is that prices would Hold Steady at 0.3% so PPI coming in hotter than expected and hotter than January's results excluding volatile categories like food and energy because we do know that gas prices were elevated for the month of February prices did rise 0.3% month over month but that was also hotter than expected it is a deceleration from January 0.5% monthly gain and then on a yearly basis PPI final demand coming in at 1.6% hotter than January 0.9% rise so the FED still has its work cut out for it but I am looking at what the markets are pricing in right now they are still very firm on a June rate cut they're still very firm on three Cuts coming this year I think next week if we we're going to be receiving the FED Dot Plot if there's any continued movement there that could have a serious reaction on the markets but if that comes in as expected if there's three rate cuts that the FED things are coming if there's three rate cuts the market things are coming that's ultimately going to be a good thing for stocks and you know we are seeing treasury yields go up a bit higher but stocks future is still in the green right now yeah the market uh hearing what it wants to hear or taking a look at what it wants to look at here within these reports yeah just another day and it's the same sort of NS usually go up all right guys thanks so much for breaking that down |
UiNpSFrQSEA | https://www.youtube.com/watch?v=UiNpSFrQSEA | 2024-03-14 00:00:00 | Yahoo Finance | Nvidia 'leads on everything,' analyst says ahead of company's GTC AI conference | all right let's take a look at Nvidia the stock is back in the red today down more than 5% over the past week the move lower coming ahead of its upcoming annual developer conference that is all the hype and that is a big Focus one of the big focuses here on the street over the coming week now investors looking ahead for news that's going to fuel the company's growth after a roughly 80% surge that we've seen since just the start of this year and of course coming off a staggering move to the upside in 2023 we want to bring in Ivan find find Seth he is tagris Financial Partners a chief investment officer Ian it's great to have you here so we we have Nvidia almost seems like nothing to some extent yes we're seeing some pressure on the stock here today and over the last couple of trading days but nothing seems to be stopping nvidia's momentum here to the upside is this developer conference that we have on top next week is that's just going to be another Catalyst for the stock oh absolutely and in fact I think the only person right now who could pack more people into an event other than Jason Wong Jensen Wong is Taylor Swift I mean the anticipation of this event is huge it's the first time it's going to be live in five years it's it's they're attracting I think over 18,000 people and um the big focus is hopefully going to be the announcement of the new Blackwell 100 processor which will even be more powerful than the upcoming h200 processor yeah let's talk about that and some of the uh details there I'm reading that the RTX 590 could be uh 50 to 70% more powerful uh than the 490 and this is all to say the The Cutting Edge technology that Nvidia has advanced uh just gets more Cutting Edge how far are they separating themselves from the pack here oh just when everybody thinks that the competition will catch up they just blast forward in a head I mean it's not only about the power it's the speed the reliability but most importantly it's the integration of the software as well as the hardware they lead on everything and also um you know it will be a combination I mean for your most critical apps and and critical data centers you're going to want Nvidia gpus maybe for secondary Services you'll go to a a less powerful processor but Nvidia leads the way and this AI investing theme is just at its infancy and Nvidia is viewed as a core Holdings in this investing theme so this is part of what's been fueling the stocks uh incredible gains I mean are you confident in Nvidia being able to turn its current massive lead that it clearly has within the AI space into that longer term dominance AB absolutely they are the dominant force and they will continue to be so let me ask you this uh Jensen he formulated this company uh well over two decades ago and um it seems as though he's been preparing for this this rise in artificial intelligence that we've only become acquainted with over the last few years but this is really decades in the making how far has he seen and then how much more does Nvidia potentially have in its bag of tricks because of this foresight that we haven't even grasped yet because uh even to quote I believe was Tom seil from C3 AI who said it that every company will be a AI company every company is going to use AI in some form to better connect and uh with their customers to better manage Supply chains to better Target marketing efforts so every AI will be in every aspect of a business and will continue to increase I mean Jensen is already talking about he's been talking about for a long time in health care the opportunities to apply AI in health care for drug testing and development for genomic mapping I mean there's so many Frontiers that have even yet to be addressed that he has built out the cas capabilities to enable this so uh this has a huge Runway all right we're going to have to leave it there thank you Ivan Feth Tigris Financial Partners Chief investment officer |
RqDsPXdr5jk | https://www.youtube.com/watch?v=RqDsPXdr5jk | 2024-03-14 00:00:00 | Yahoo Finance | Dick's Sporting Goods stock soars on Q4 earnings beat, raised dividend | Dick Sporting Goods it's surging uh looks like it's up 177% now after posting an earnings beat in the fourth quarter seeing same store sales climbed 2.8% from a year ago shares of Dick Sporting Goods up nearly 30% what how much is that this year uh 40 49% so almost 50% year to date as I have this up on the Wi-Fi interactive and just as Dollar General was suffering over the last two years basically flip side for dicks you can see over the last 5 years it up 53 4% shaa yeah net sales of 3.88 billion topping the streets expectations here com store sales Rising nearly 3% they were up 2 2.8% in the most recent quarter they were though lower than that more than 5% jump that the company had reported just about a year ago but they're also boosting their dividend another theme that we've seen play out of this uh earning season here from several of uh those in Corporate America here so Dicks Sporting Goods raising their dividend here their special quarterly dividend 10% to A110 a share but again the stock gaining here in the pre-market a massive move to the upside Jarett up just about 177% |
vQ5x-ym27Rw | https://www.youtube.com/watch?v=vQ5x-ym27Rw | 2024-03-14 00:00:00 | Yahoo Finance | We are still in a bull market, strategist says | it's great to have you here so help us make sense of the moves that we're seeing in the market here we're up against those record highs enough to keep the momentum yeah first off March 14th happy Pi Day you guys talk about that yet to go 30 minutes in we go God you're here happy happy P day so listen I mean we've been optimistic we've been pretty bullish let's just put it in context and now Jared you talk about these things up 16 and 19 weeks on the S&P maybe 177 out of 20 24% gain those 19 weeks that's like never happened before so this has been a great run historic run for a lot of reasons we can get into some of the things what caught me this morning though that we're still bullish maybe a little pause would be normal yes inflation a little hotter maybe you could argue the um retail numbers a tad week but look at claims 209,000 I mean just quietly you hear about these big layoffs yet there's no initial Spike initial claims I mean the consumer is still strong wages are still strong inflation we can get into that stuff but overall this backdrop is still there it's a strong economy and it's still a bull market and continuing claims also down so I I mean we're focused on the inflation data trying to figure out what the fed's next move in is but the market is always trying to get ahead of the fed and for all the bearish calls that we've seen for all the calls that the market is extended as you said we pretty much haven't seen this before at least not recently uh what could put a pin prick in this rally and pop this little uh bit of a I don't want to call it a bubble I'm trying to shy away from that word but how do how do we uh do some mean rever Journey get into that real quickly on a bubble I mean the last 6 weeks S&P 500 forward estimates for 12 months are up 2% that's a really big move I mean this has been a big move but earnings have Justified so we would say we don't we don't think this is a bubble um but but I think it is it is that F-word right the FED I mean the FED next week we saw in January 31st that was the last fed meeting that's when they really push back on six or seven Cuts maybe three or four and now we're down to three or four what's amazing since January 31st what's L us the cyclical areas materials actually is Le materials is lead Industrials financials that's that's kind of I don't know if it's surprising but it's the message of the market that listen we're rallying because the economy is strong and I you know we've all done this for a while do you really want the FED to always kind of be in charge I'd say no I mean we know rate cuts are coming maybe it's going to be three or four that's fine when's the first cut you know I think fed fund Futures last I look was about a 15% chance of a cut in may we would say it's more like 30 or 40 we're not saying it's going to happen but you know we do have another CPI coming in we do have another two PC I mean as we looked yes a couple days ago on you know core core CPI if you take out X shelter we're running like 2% the last 6 months and last year we all know shelter kind of is fluky with the numbers so we're optimistic that hey there's still some Cuts coming but it's all about the economy so right if if if they do cut in May if they end up your expectations obviously a little bit more optimistic than what we're seeing pricing more broadly for the market going off of what you're just saying about broader breath that we've seen within the market is that a trend that you see expanding here in the coming months well we do I mean that was one of our big themes this year of course we all know Tech and Communications the Great this broadening out I mean the group that no one's talking about that if you look at the models we run for our Carson Partners we're the most overweight midcaps no everybody small Caps or large caps midcaps are quietly leading that that kind of passing of the Baton if you would have told me you know six weeks ago Apple will be down um you know but Tesla be down as much as it is and oh by the way rate cut expectations would be pushed back I mean I would have said oh we might be down but we're not right and again that's the key thing so this rotation is so nice the last point on this Russell 2000 been tracking in that that range is starting to pop a I know it's not all time Highs but almost almost there it's inching closer we like small and mid to continue to kind of lead um really the rest of this year and we think it's still a bull market all right Ryan Dietrich always great to have you especially when you're on set here with us thanks so much for hopping on with us this morning Carson group's Chief Market strategist thanks Ryan |
wUu-aaG0w3g | https://www.youtube.com/watch?v=wUu-aaG0w3g | 2024-03-14 00:00:00 | Yahoo Finance | TikTok's golden jewel is its source code, and China is never going to sell that: Wedbush's Dan Ives | well former treasury secretary Steven minin announcing on CNBC this morning that he is putting together an investor group to buy Tik Tok this coming after the house Advanced a controversial Bill Wednesday giving China's bite Dan six months to divest Tik Tok or face a ban minan saying that he thinks the legislation should pass the Senate and Tik Tok should be sold for more on Tik tok's fate we want to bring in Dan iives managing director and Senior equity research analyst at web Bush Securities Dan it's good to have you here so the head this morning that minutian is trying to put together an investor group to buy Tik Tok what do you think of that I mean join the club I me many others strategically and financially are going to go after Tik Tock the issue is we only think there's a 25% chance that this legislation actually gets done in terms of approved through the Senate and it's a slippery slope because at the end of the day no one's gonna buy Tik Tock without the actual code and source and algorithms and that's the whole issue here China and bance are not going to do that uh Dan 25% chance that Tik Tock ultimately gets banned that's not nothing uh how messy could this process be because I remember four years ago when we had Trump in office and uh we were dealing with these headlines here at Yahoo finance uh it it was messy back then what do you see the procedure here and how long could this get uh dragged out this is going to be a Broadway show essentially in the Beltway you know in terms as this all plays out our whole issue is it's sort of touching the third rail in terms of where this could all go relative to First Amendment rights others getting involved China retaliatory and that's why the Senate I mean we got to see you know right now a lot of questions in terms of schimer does he actually bring it on to the four we don't think so at least in the near term but in terms of minutia and others I mean there's going to be a line for those that want to buy Tik tock but the the whole issue continues to be the source code that will not come with it and that's that's really the golden Jewel so Dan you're saying a lot of people are going to be interested who and who does it make most sense for look I mean if Microsoft or I mean any big Tech Amazon would look I mean any big Us big Tech player as well as strategic and financial buyers are going to get lined up but then it comes down to without the source code the value is massively different different than with by Dan's China they're not going to ultimately be a for sale and they're going to sell this with the source code this will also have massive regulatory legal issues as it gets held up and also if us puts a ban on it and then it gets bought by some of our biggest US technology companies I mean that that heads down a very slippery slope especially with retaliatory that we would see coming from Beijing yeah so Dan who is that most risk that if we do see a retaliatory from Beijing is it Tesla is it Apple who then stands to really be caught in that Crossfire well that's the issue I mean right now for cook and musk I mean they're watching this closely because they no retaliatory they got the bullseye in the back and and the I mean Jared talked about it but if this is just theater just like C four years ago it's all for not it's a really a road to nowhere I mean it looks great in terms of the microphones down the belway but once you go out you can't put Genie back in the bottom and we don't think the the marketing and pricing and positives from meta here I think Market's basically pricing and this is at a standstill uh Dan I keep coming back to this no source code and I'm trying to wrap my head around what's going on here if a sale takes place without the source code who maintains it how is it maintained because what I understand is that source code is key to getting Tik Tok around certain uh App Store uh in in terms of Apple's App Store and Google's as well it helps them circumvent a lot of the restrictions that a lot of companies in the US happen to face yeah look without the source code the value is 60 70% less so that and then bite Dan in China are never going to sell this with the source code in a for sale but again that's why Oracle project Texas that's the whole goal in terms of no back doors to Beijing C is obviously still ongoing investigation with no timetable this is very complex as this all plays out obviously a ground swell in terms of the house but now from a senate perspective from all of our advisors and all of our work in the bell I mean we still believe 25% chance this ultimately gets banned for sale in terms of on Biden's desk but until that it's not just minutian others are going to line up potentially buy what what would what's really unique golden asset and and they're lining up to buy something they don't even quite understand what the finished product is or what's going to be sold China came out recently I believe and walked back they said that they there is no data that exists in China so do we even have a handle on where that data exists is it in ch if it's not in China where in the world is it and is that data part of the sale I just can't W my head around this yeah that was the whole part of the cifas and even last Mar when when Tik Tock was in front of the house any back door that's why Oracle has been involved as a strategic partner that's the cfest investigation it's all about that so the problem here it's easy to get into the sort of grand standing but then you have 150 million users one of the most popular social media apps out there in election year you know so 18 to 24 year olds like you going to be banning Tik Tock in the face of that so there's a lot of third ra issues here but it goes back to do you buy an F1 car without the engine heck no I would not buy an F1 car without the engine so I don't even know why it's going up in The Auction Block but I I appreciate you sharing your best guesses about what we know right now Dan I's managing director and Senior equity research analyst at wed Bush great to see you |
NHIRuK-u-l4 | https://www.youtube.com/watch?v=NHIRuK-u-l4 | 2024-03-14 00:00:00 | Yahoo Finance | OMSOM CEO chronicles her journey to success, embrace of Vietnamese culture | when your sister run Noodle Company hits grocery shelves Nationwide when I was a kid and I was like always trying to like hide my lunch or you know I just didn't want people to come over when my mom was making something particularly aromatic fast forward to today where I get a chance to you know proudly put this in front of the the country the types of aromatic dishes Vanessa fam once tried to hide from the world are now on full display in vibrant packaging on the shelves of major retailers the Brand's colorful journey is also on full display across the Internet thanks to fam now tell the world's attitude every time I go into the grocery store I always got to take the phone out and do like the selfie video it always feels surreal amsam is a sauce and noodle startup partnering with prominent Asian Chefs to offer premium authentic flavors this isn't your usual microwavable instant noodles you might think of a huge St finesse earner Sister Kim say is part of their personal mission to shake up ethnic Isles at grocery stores and bring these dishes to the mainstream but the recipe to get here well it wasn't a simple one a global pandemic Silicon Valley Banks collapse and the challenges any 24-year-old would face leading a brand new startup all stood in the way of her vision and mission of spreading her values and culture through the love of [Music] food tell us what amsam means I mean that in itself just symbolizes so much of the mission amsam is actually based on a Vietnamese word umsom and in Vietnamese it means Rowdy rambunctious rius it's actually a negative term it's what our parents would use when they were trying to scold us and Kim and I were really inspired by that energy what if we kind of turn that on its head and celebrate that aspect of who we are um and amsom is all about being proud and loud especially when the stereotype of asian-americans in America is kind of like submissive or docile amsam is is our true kind of energy and Ethos and spirit while hiking in Bolivia in 2018 with her more free-spirited sister the once risk averse fam decided to lean into what she felt was her true ethos and leave her steady Consulting career behind so Kim and I are very different um she's extremely creative and I'm you know analytical kind of strategic background and management consulting I finally realized that if I actually wanted to have my voice be heard as a Vietnamese American woman um and become a thought leader in business I would have to take a real swing and Meanwhile my sister was like flying around the world at conferences speaking I just admired the platform that she created for herself I wanted to do something that spoke to my soul and my values and what better person to do that with than your sister we instantly circled around around the mission and the industry and the mission is to educate on multitudes within Asian America um honor and celebrate Asian Cuisines and flavors and the industry just had to be food because for us it was a love language it was how we first like really learned to engage with our culture as Vietnamese Americans and Daughters of refugees um especially in a time in our lives when we were kids and you know we had to minimize our identity just to fit in like food was a way where we could really maintain that and it's become the jumping off point to this whole journey of building omsom you grew up with Vietnamese parents who were refugees and then at what point did you say all right I'm going to tell my parents cuz this is something I'm sure they're incredibly proud of yes well we we started telling them more and more and then as soon as we had physical product that's when I felt like okay now now they can so when we started getting samples right then they could tast are they your biggest critics oh my gosh well they they love our products they are the mama and papa fam have approved but that is the biggest you know stamp of approval and uh you know it's a very important step for us to make sure that they are proud of the flavors and the products so we we always bring it to them and we've even posted on social media some of their reaction videos and our community loves that with nothing more than what the Two Sisters had in the bank they set out on their mission to create something unique embracing their Roots was a catalyst to create AMOM as they saw an opportunity to tap into the ethnic food market which is set to reach 84.7 billion dollars by 2034 and investors saw the opportunity too as a number of them including the co-founder of the luggage company away Jen Rubio founder of the online wedding platform Zola shanin Ma and former Whole Foods executive turned VC founder Ellie trell of new Fair Partners helped fund the fam sister's vision for fam embracing her personality well that that was how she learned to lead the brand you see yourself as more of a risk forward uh leader now do you feel like you're tapping in to that mission I would say that the person who I was when we were first building onom is very different than the person I am today I think my proud and love has actually been embracing who I am which is very sensitive very empathetic lots of feelings um and learning to see that that's a huge strength as a leader if I don't make myself wrong for that or suppress that I feel like it's so hard to see a diverse woman in the food industry really make moves as a leader how do you make yourself stand out I would say AMOM and Kim and myself and our team we have a lot of perspectives and while you know I am sensitive and empathetic I also always want to lead with my values and use my platform to share messages that you know I want the world to hear and so at amsom we've always been very intentional about storytelling educating folks talking about Asian-American issues or you know bipo issues more broadly and using our platform to make sure that folks are if they're engaged in our community they're learning they're talking they're you know there's dialogue that we can contribute to and we see that as one of the core aspects of building omsom it's not just a transactional food brand we we would never you know want that to be what amsom is you also founded the company at such young age I think you were what 24 I was 24 a baby a baby how did you push through that noise and say I may be young but I'm making a difference yeah uh I would say the loudest noise was actually my own self-doubt at the time and so so much of this journey has been actually working with my kind of inner narratives and dialogue and now I think I'm kind of my own hype woman so a hype woman with a core team who have helped her create not just food products but an environment fueled by the Brand's identity and fam's own energetic Outlook something she has embedded in the culture everybody here is incredibly talented incredibly driven and I think enlivened by the mission of amsom and I absolutely lean on the team I think you know a strong leader AB must and should trust and Empower those that work with them I learn from the team every single [Music] day H fam's journey in starting amsom has definitely been a learning experience as they sought out the right manufacturing partner which they found in Chicago back in Brooklyn another huge lesson came their way how to launch a specialty food business in the middle of a global pandemic when we started out building omsom we were just wide-eyed we didn't know what could come and before we even launched the first Big Challenge came do we launch in the midst of this pandemic at the start of it or do we pause and wait it out and what we realize is that folks during this time are going to be at home they're going to be wanting to feel a sense of connection and home and we felt like you that's what amon's all about I think we did make the right decision despite some folks warning us uh that it could be a difficult time who were those folks were those investors those people who backed you how did you push over that one of my philosophies as as a leader is you know you've got this whole kind of network of folks whether they're investors or you know other folks and I believe it's so important to you know take in their input their advice and their experience like a sponge but at the end of the day coming together with you know your your team centering your values and finding the best path forward for the company is really you know that power is yours we decided this was the time that we wanted to bring this company to the world just 3 years after launching during Co f another major obstacle Regulators shut down Silicon Valley Bank the FDIC has taken control of the bank deposits so what's the Fallout the Ripple effects leaving the startup without access to their Capital right before the brand was scheduled to launch their second product line Saucy noodles nothing can really prepare you for that type of you know uncertainty I had heard Rumblings around uh the industry I was actually at a conference at the time about people kind of scrambling to pull their money out of Silicon Valley Bank I immediately had to figure out what our options were and at the same time Kim and I started working together on how we wanted to communicate what was going on to our community we wanted to Center our values around transparency um and around bringing them in fam and her sister were transparent with their community in a way that you might expect from The Young Founders on social media we did not know what would happen in the coming days and so we put our heads together that Saturday morning and wrote something from the heart running a proud and loud business doesn't always mean being celebratory so let's talk about how svb's collapse poses a major existential threat to many small businesses including omsom I think while we were still very scared and nervous we felt deeply heartened by the people that showed up for us bought from mom.com and shared it with their communities what are the top lessons that you think that that moment taught you as a leader I feel that almost every hard moment including that one has given me the utmost confidence in the the approach of always reentering in your values in difficult times because there's sometimes you're dealing with new situations there's so much out of your control but if you can stand by your actions and you're being nav you're navigating these situations with what matters most to you and your ethics and and your values then you can really I think be proud of how you showed up even in the face of great difficulty um and so in that moment that's really what you know Kim and I came back to talk about what values you hold closest to you as a leader one of the values that I've really centered in my journey as a leader is being heart forward which is something that I don't think was necessarily historically celebrated in leadership you know it was about being you know decisive being kind of just like leading with certainty and confidence sometimes at the expense of your humanity and I I feel like at the early stages of my journey I tried that on and I was always making mistakes when I was in that you know head space of being something that I wasn't and so the last couple of years I've started to accept more of who I am in my leadership ship if I'm you know working on something in my own journey I I'm open to sharing that and I hope that that kind of invites people to feel confident and accepted in who they are at AMOM 2 when your team thinks of you as a leader what do you hope is the message that you're getting across I really hope that every everybody at omom feels valued for who they are and what they bring to the table and that they feel they have room to to learn to sometimes make mistakes it's about celebrating your truth and exactly what makes you you I want omsom to be the type of place where people are learning and expanding but also feeling great pride in their kind of natural strengths Famer team are determined to fill a white space think Cava and how it's setting out to fill the white space for fast casual mediterranian food or what Chipotle has done for fast casual Mexican Cuisine and now I'm aims to fill the void for premium authentic Asian flavors in the packaged food market that market is expected to grow around 50% globally by 2030 and while amsom doesn't disclose its finances publicly the suggested retail price for its Saucy noodles and its cooking sauces range from nearly $4 to $5 since launch the brand has sold 4 million products and expanded its presence to over 2,000 stores without losing sight of its roots fam isn't satisfied yet though far from it she wants in her own words proud and loud Asian flavors to be mainstream I want to see amsam become a cultural force a household name that continues to honor Asian-American communities and flavors and culture every single day I want us to be in homes across the country but still hold that ethos and that heart that we do today an ethos and heart that fam or sister inherit from their parents who as refugees weren't able to take the same kinds of risks your parents must be so proud of you what do you think they think about all that you have done they tell us all the time which I really appreciate they tell us that we are honoring our family history by the work that we do and because they're refugees and they've you know built the life we have today I it is my you know biggest life stream to honor them and do right by them if there is one moment that really felt like wow I made it we did it what would that moment be it's when we've shown the people who helped get us here what we've done and so it's really my grandparents we were featured in a spread in L Vietnam and it's written in Vietnamese so I cannot wait to bring it to them because they can read it and really understand that and that'll be the moment I think when it really hits me you know what's what we've accomplished |
zYAw0ksM-80 | https://www.youtube.com/watch?v=zYAw0ksM-80 | 2024-03-13 00:00:00 | Yahoo Finance | Kevin Plank to return as Under Armour CEO, Mohamed El-Erian named as board chair | breaking news Kevin plank returning to under arour as it CEO replacing Stephanie linards who just rounded a year in her tenure as head of the company the company also announcing that Mohammad Al Aran of aliance and of Queens College at Cambridge will be chairman of the board he has been on the board for the past couple of years Brian sazy our executive editor covers this company very closely and so he's here to give his perspec my outfit and how I look right now I think explains the shocking nature of this cuz I was getting ready to leave and I think this was I want to be careful what I'm saying because this story is still developing I'm still going through a LinkedIn post that Kevin plank uh put out there Kevin noting he is uh he has reflected on his journey uh at UA uh he said he's learned a lot of course as a company that dealt with various issues on how it treated employees and and various other operational things when Kevin was CEO so he said he's learned a lot he had he calls it a period of self-reflection and learning that has been invaluable um but uh now I should note that Under Armour did not want to make Kevin ailable for an interview didn't really want to comment uh much beyond what Kevin posted on LinkedIn they did uh remind me that Kevin owned 65% of this company and and that has been always the The View on Under Armour this is a Kevin plank controlled company and if he wanted to come back and if he wanted to run the company any point he in fact could now I will also add this Stephanie L's only about a year mark uh into under she was laying the the groundwork to bring Under Armour into the Next Generation the next levers are uh more focused product cooler lever product uh better operational uh Playbook fewer expenses a more focused company that is taking the fight back to Lemon now Stephanie was laying the right groundwork uh in fact we I recently talked to her a couple weeks ago uh for our new series lead this way and she actually talked about working with uh Kevin plank uh he's saying that he he was very passionate and they actually had an office right next to each other but overall this is a a shocking development for a company that appeared to be going back in the right direction I I do find it interesting that unarm found it uh important to remind me that Kevin didn't own 65% of the company did the company get an offer to be taken out unclear to me uh it's also unclear to me what Kevin is going to do differently than what Stephanie was doing the company was struggling uh under Kevin I have much appreciation for what Kevin launched and and brought to uh the apparel Market in Under Armor but those last five years of his tenure this is a company that lost considerable market share to Lemon Nike and many other retailers outside of all the other issues that I'm looking at a Max chart of this stock and you know as a Baltimore native yes who I think my dad got in close to the IPO he's a my father went to Maryland just like Kevin plank this was like The Pride of Baltimore when this thing started right the pride of Maryland and I'm looking at the max chart it went public $13 a share it's trading around $8 right now peaked uh just above 50 back in 2015 and maybe she was getting it back on the right track but the stock has not really reflected that it's been going sideways and it's just I mean I'd be if I was it's a bit of a shame as you know looking at the at what it meant to to the at least as a marylander and to that it was interesting um SI as soon as that headline crossed the initial reaction after hours was a pop yeah I if you're an Under Armour shareholder today and I will say this is not a one-day story this is something I think that is going to play out over the next few days you have to be wondering what caused this separation did the company get an offer did they underperform in this most recent quarter are people are other the retailers not buying when Under Armour selling for the next 6 months or the holiday shop we know wasn't a Personality Clash I asked them I asked them that I asked under Armor's uh Team if there was a disagreement between the two they declined to comment to me on that referred back to me to that that LinkedIn post that Kevin uh posted uh regarding him coming back this is a shocking development and it's shocking because Stephanie larts who I originally got to know at Marriott she really LED that Bondo program amongst many initiatives one of the most highly regarded leaders in Corporate America what she did at Marriott was absolutely tremendous and she was do starting to do tremendous stuff at Under Armour so it's sad that she's being shown on the exit s thank you so much for your perspective I thought of you immediately I knew you were the guy appreciate itks |
4ssAxSVQU5s | https://www.youtube.com/watch?v=4ssAxSVQU5s | 2024-03-14 00:00:00 | Yahoo Finance | Liquid Death CEO: 'We are day traders of attention' | liquid death one of the fastest growing names in non-alcoholic brands has closed more than $60 million in funding putting its valuation more than a billion dollars the company made a splash on the beverage scene just a few years ago with its canned water that promised to murder your thirst liquid death has since expanded to sparkling water and iced tea offerings and a new lineup of big name investors could bring new opportunities in the year ahead I'm joined Now by liquid death's founder and CEO Mike Cesario and of course yaho finest is very own Brooke dama Mike it is good to have you on the show so you closed 67 million in financing Mike what do you plan to do with that money how you going to put it to work to now Build and Grow this business yeah like you guys mentioned you know we started off as just uh mountain spring water in a can and um you know eventually launched sparkling and then we launched flavored sparkling which actually has you know a few grams of sugar from Agave so it's kind of more like a healthy soda and then we launched liquid death IC tea last year which has been really successful so I mean we've really kind of proven that we're building a true cross category healthy beverage brand and um you know now that we've we've sort of dipped our toe in some of these categories where you know with flavored sparkling we started with just three flavors iced tea we started with three flavors and now we're starting to really add more Innovation um and and uh flavors into these categories that that are starting to work hi Mike it's Brook here live nation is a longtime investor in the company they played in this recent round how has this partnership helped the growth story of liquid death yeah I think a big part of what our brand is is you know all the fun marketing for most food and beverage brands are for unhealthy things anything that's funny or exciting it typically is for you know Candy junk food fast food beer so we're trying to make a healthy brand that's markets in the same funny and fun way as um you know unhealthy Brands and we're even starting to Source occasions from the beer side of things because this is more of a replacement for beer or a soda in a lot of people's uh routines and whether that is being at a music festival or a bar or a venue where you don't typically want to walk around with a glass of water um liquid death kind of creates a new experience to drink something healthy but it's actually fun to walk around with and some of your investors here Mike I mean is an Eclectic impressive group so I'm seeing DeAndre Hopkins got the comedian Jim Jeff fantastic Josh Brolin we all loved him in sakario I know how I'm interested Mike how do you actually decide when you're which investors get to invest I mean do you meet like a Josh broland and decide listen he he just gets this company where we are and where we're headed uh yeah you're pretty spot on there I mean we've had the luxury of you know being able to be selective about the investors that we bring into the company and we really you know are focused on people who truly love the brand understand what we're doing um and and you know all these folks I mean that you know they come sort of inbound to us where we find hey they're a huge fan of the brand um and then if there's an opportunity to invest you know we can find a way to sort of get them in Mike Tik Tock has played such a large role in the growth story of liquid death of course there's a potential ban Happening Here in the US what sort of impact would this ban of Tik Tok here in the US have on the company well we like to say at liquid death that the way we think about marketing is we are day traders of attention we try to find where's people's attention at what is the most coste efficient way to go get that attention you know there's TV commercials you can reach a lot of people but what you're paying per eyeball is really high to get your message to them whereas social platforms and emerging platforms there's a lot of attention there the per eyeball cost is a lot lower so Tik Tok just happen to be a place where there's a lot of attention and when we have our entertainment comedy first approach to marketing we're not here to make ads we're here to make actual entertainment that makes people laugh we can go into any platform where people's attention is and they're into what we're doing they want to follow us because we're providing value so even if Tik Tok goes away whatever the next platform is where people shift their attention we'll go there and gain followers by by continuing to entertain people and Mike you know your company now is valued here at more than a billion dollars what about going public mic is an IPO a possibility and and if so what are sort of the the factors the variables that depends on yeah I mean we're really just focused on building a large profitable business um and we know that if if if we kind of stay on that course that we will have optionality for any outcome that we want whether that is an IPO or whether that's a strategic partnership um so we're of course going to do everything that we have to do to preserve optionality and if you know if an IPO sometime in the future is something we want to do we've got to go through all the steps to make sure that that's even an option um so that that's really how we think about it Mike grocery prices prices have been steadily increasing over the past few years you know some may say that this is overpriced for water what do you say to that I mean we're right at the same price point as most other Premium Waters in our just plain water skew so Fiji asentia um you know pelino all of that we're we're right around the same price as all of those Brands when it comes to Premium Water um and then you know in flavored sparkling and healthy soda you know we're we're not actually priced that much more above where other premium brands in our respective categories lie Mike thanks so much for joining the show today appreciate of course our thanks to our very on Brook dep as well |
KK367nuKxiU | https://www.youtube.com/watch?v=KK367nuKxiU | 2024-03-13 00:00:00 | Yahoo Finance | TikTok bill: Why there's a '40% chance' it could pas the Senate | house has indeed voted and Tik Tock could be on the chopping block today Representatives voted 352 to 65 in favor of a bill that would cause by dance the Chinese owner of Tik Tok to either devest the company selling it to a US company in the next six months or face an entire ban it now heads the Senate Rick Newman has been following this so that's it rick uh attention out goes to the Senate what do we think is going to happen there they're going to slow roll it I mean so this kind of came out of nowhere that the house pass this but it's not going to happen that fast in the Senate uh you know the analysis I say uh the forecasting I'm is 40% chance the Senate passes this this year let's say um and then let's say this this Senate does pass it and actually President Biden has said he would sign it a lot of the headlines focus on the the this law that would ban uh bite dance and ban Tik Tok well that's not the main purpose the main purpose is to leave Tik Tok intact and just have force them to sell it to somebody else um Tik Tok is going to be here for a good while so even if this passes even if President Biden signs it it seems almost certain that uh bite dance the parent company would challenge it in court that could take years um and who knows when this whole thing might get resolved and then there's the chance that the Senate does not pass it this year and we have to start over again in 2025 well and and isn't it sort of effectively a ban because some are saying you know B Dan has said it's not going to sell it so if it's not then I mean do you believe that so I I don't know what I I mean so follow follow the you know the possible course of events here first fairly low probability that Congress as a whole passes this law this year and then President Biden signs it okay if he does if that actually happens they're going to challenge it in court how long's that going to take three years four years five years I mean is it going to be Microsoft antitrust legislation all over again I don't know was that 10 years um so this is going to go on for a while and I mean in the meanwhile the Tik Tok app will continue to operate um it let's say it actually came too it all gets through court and you know yes this is going to happen uh you either have to devest or you or you're going to the app is banned why would they leave money on the table and say we're just going to shut it down and I mean could they even do that I mean you know this is a normal private sector company you know in some ways like you don't just shut down a valuable asset that you could sell for a lot of money and say we're just angry so we're just going to shut it down so you know sometimes a divesture can actually be good for shareholders it doesn't mean they're going to lose money they could make money what do you think politically get your take on Trump's role in all this because he's been out there saying well yes it might be a national security threat but if you ban it he says you're going to just make meta stronger we know how he feels about meta and Mr Zuckerberg but it is interesting because it seems to be a change in position from when he was it's a complete 180 by Trump so remember he actually tried to ban TiK ToK by executive order in uh when he was president and nobody was was surprised that the courts didn't uphold that and by the way there's a ban that Montana passed a ban that courts have also reversed that can't do I mean that's not going to you know you just can't do that unilaterally I think the more interesting question is what if it actually works and um Tik Tok ends up banned I think whatever politician was associated with Tik Tok getting banned is just dead I don't think any politician could get reelected again because of what you would do uh not just to all the people who use T Tik Tok but to all the people who um create have created businesses around Tik Tok I mean there are a lot of legitimate businesses that use Tik Tok as their main that that is their main way they reach people right so um I think when for President Biden to say yes he would sign this bill I think he is 100% aware that there are there would be no negative impact on anybody anytime soon even if he did sign this bill and we did hear that Biden favors ban of Tik Tok because it would not happen for years as for Trump you know he just flip-flopped on this I mean what seems to have happened and he is not denied uh one investor a billionaire named Jeff Yas who owns part of Tik Tok uh had an audience with Trump and apparently persuaded him to change his mind and gave him these talking points oh what about the competition it would benefit the weird part of the weirdness is guess what else is part of the competition Trump's own social network So in theory he owns a social network that would be among these beneficiaries if um if TP Tik Tok were banned now I don't think um young Tik tokers I don't think there are very many of them on Truth social you know ranting about the evil Libs and the you know whatever they rant about on Truth social but um in theory he would benefit but um who knows I mean maybe he's also been chatting with Elon Musk maybe and it's not beyond the realm of possibility that there could be some kind of arrangement between Twitter or X and Trump's Network truth social interesting a lot of different threads to pull on in the coming weeks thanks Rick appreciate it |
26VCKtg_gow | https://www.youtube.com/watch?v=26VCKtg_gow | 2024-03-13 00:00:00 | Yahoo Finance | Stocks: 'It's still a bit early to get a pullback,' strategist says | well let's get back to the markets here because we are seeing a mixed picture today but we have seen the Magnificent 7 get hit hard as of late Nvidia Apple meta and Tesla they're all trading down today should investors be worried about the pullback in Tech and broader ramifications of that for more we want to welcome in Binky Chada Deutsche Bank Chief Global strategist Binky it's great to see you so we've talked to a lot of investors recently about the broadening of the rally and yet with the big cap Tech down today it does seem to be taking stocks down a with them so how far can that broadening go and can it happen without big Tech um so you know for the rally to to to to to broaden so to speak uh what you need basically in our view is uh greater confidence really in the cyclical strength of the US economy um I would say you know one of the key reasons why Mega cap growth and Tech have led uh especially on a relative basis is simply you know what we call the cyclical overhang I mean for the last year and a half the macro consensus has really been for you know growth to fall off a cliff for the economy to go into a recession so there's you know very little confidence I would argue um but I would point out that that does seem to be changing what you're starting to see is CEO confidence pick up on the economy and that should get reflected basically in uh better guidance as we go forward and the better guidance would uh of course you know at the same time uh be associated with upgrades to earnings estimates so the cyclical overhang is still there it's still lingering uh the the S&P at uh you know at the market level you know is is doesn't look like it's pricing in a recession it's pricing in growth there's no doubt about that but I would argue there's plenty of pockets within where you know the the the market still believes uh a much more negative outcome and that would be in the cyclical parts of the consumer it will be in the the banks U and that's exactly where we along yeah and big guy I want to get your take on another subject which is a source of debate which is just valuation Binky and get your take how you're thinking about valuation for the market and also biggy whether whether it it really matters for returns in the near to intermediate term so um what I would say is you know first of all where valuations uh you know I would characterize valuation at the market level as basically being uh pretty full I would argue that you know they're not necessarily you know extreme or or or or hugely overvalued what I would keep in mind is basically that you know just think about the S&P 500 multiple going back 100 years and and and you know you see that it basically generally remains between 10 and 20 and then you look at the times that we were above 20 which is where we are today and you will notice that most of the the time when we went about 20 outside of the late uh uh 1990s was when we were having a cyclical recovery so for example coming out of a recession so that's just simply saying that the Market's pricing in basically you know some kind of recovery going forward uh so valuations are pretty full in the sense that at 22 or 23 times earnings you know the market is pricing in good 10 15% earnings growth now our forecast happens to be around 10% so you know that's why I say valuations pretty full uh but they're not extreme in terms of you know when valuations matter it's you know it's really a function of uh the the Catalyst rather than valuation by itself being a drivers especially at at these kinds of levels which are you know way below where we were in the 90s for example so bingy do you think that um you know we've been seeing a little bit more rockiness in stocks broadly as of late although then seem to re aieve new records every time do you think we'll see more significant pullback in the short term and if so would you be a buyer of that pullback uh so what I would argue first of all I would point out that you know the markets had difficulty since uh you know October selling off by 2% uh we you know our technical characterization basically of a pullback is 3 to 5% those kind of pullbacks are very frequent we haven't had had one for basically four months um and you know the rally has been very very strong I would point out that basically if you look from early November till today uh the S&P 500's rising in this U very very tight very strong Trend Channel that's going up at uh you know a little bit over 4% so 4.2% uh uh at a monthly rate so you know we're now in uh the fifth month of that uh at an annual rate that's 65% that's so it's clearly unsustainable so we will get a pullback um but I would argue it's still a bit early to get that pull back I would say a closer sort of you know I I I don't think it's uh four to six weeks away um I would say you know if you if you look basically and going back to you know your your earlier question basically uh you know over the last few years I mean both on the way up on the way down and then in the rebound basically a mega cap growth in Tech played really you know key key role um and and we think basically that uh Mega cap growth in Tech earnings are sort of approaching AC Crossroads whether it happens basically in q1 earnings or Q2 earnings uh is you know open but uh if you think about their earnings over the last 20 years they've been in this basically you know very very clear Trend Channel you know annual rate of increase or rise in their earnings is about 11 to 12% uh but they just delivered a 40% uh year on-year earnings growth in the fourth quarter uh and that's because their earnings you know had fallen basically uh to the bottom of the channel and we've now moved much closer to the top of the channel and and and so you know as long as they stay in that channel and that's our Baseline view then uh you know it it does imply a pretty significant slowing in their growth I'm not talking about bad earnings so being at the top of your Trend Channel and moving along is as good as it gets uh it it but it does mean that uh the comps imply that basically growth rates are going to come down the market is of course you know very very long there it's pretty crowded um and going from last quarter's 40% down to their Trend rate of growth uh you know it's long ways down from 40 down to 11 or 12 you know yes indeed Binky thank you so much for your time I appreciate it it's my pleasure thank you |
Fk6ALODknNE | https://www.youtube.com/watch?v=Fk6ALODknNE | 2024-03-13 00:00:00 | Yahoo Finance | Portfolio manager: Buy Energy Transfer stock and avoid Halliburton | [Music] it's a big noisy Universe of stocks out there welcome to goodbye or goodbye our goal to help cut through that noise to help navigate the best moves your portfolio and today we're going to be focusing on the energy sector specifically infrastructure plays and producers AS Global conflicts and OPEC plus Cuts drive oil prices higher and expectations we're going to need more energy in this new of AI what's the best way to play it well here now with that answer is Rob thummel tortois senior portfolio manager rob it is always good to see you thanks RAV me all right so let's start here Rob with your pick your buy and that's going to be energy transfer few different reasons for this rob you would lay out and your first point here predictable cash flows in dividend explain that one yeah so energy transfer is a classic energy infrastructure stock one of the great things about energy infrastructure lots of cash flow lots of free cash flow in energy transfers case it's got an 8 and half% dividend yield that's you can't find a lot of 8 and a half% dividend yields in any stocks and energy transfer is actually an investment grade rated company so we really like the stock for investors and think the dividend yield by itself is compelling let's look at another another key Point here you make operates essential infrastructure Rob elaborate on that for us yeah so operating essential infrastructure what does that mean well Warren Buffett talks about an economic Mo if you think about infrastructure and how important it is infrastructure really is the key to anything it's it's the key to everything for global economic growth and population growth you're going to need more energy and and that economic uh Mo that energy transfer have is basically it's pipeline Network it's very uh it's not it's really Irreplaceable it's it's more difficult to expand and you couldn't you'd have to spend a lot more money to replace the existing uh pipeline Network that energy transfer uh uh really operates now if you tried to replicate that going forward got third Point here this got my attention rob you would argue to viewers you this is actually an AI play yeah well if you go backwards if you think what really drives AI well you need a more computing power you need a lot more electricity you need reliable electricity 24 hours a day 7 days a week what does that well energy basically oil natural gas natural gas in particular provides that reliable energy that AI needs so there's no AI without EI or energy infrastructure final Point here on this one rob you would point out to viewers uh this is an an investment grade rated debt yep investment grade rated debt that that once again with an 8 half% dividend yield it's an investment grade rated compy that there's really a mismatch between really the value of the company and its investment grade rating and the fact that it's got an 8 and half per dividend yield those two just don't make sense together Rob you have made a very convincing case before though viewers are listening here maybe they want to Pile in what is the big risk they need to consider name yeah the biggest risk Josh is just a global recession reducing demand for oil and gas basically and we've seen that a couple times but but big picture energy transfer just TR really charges a fee to to uh to move product through its pipelines that's the predictable fee cash flow predictable fee uh cash flow story so if you have a global economic recession then you're going to have less oil and gas and that that that could impact the the the stock in general all right so here energy transfer is one to buy Here Rob let's move over to one you would avoid that would be halberton few reasons for that as well let's let's run through them one you would point out Capital expenditures expected to decline yeah so halberton is an oil field services stock so so it's it it really is subject to what happens in the oil and gas producer space oil and gas producers are reducing their Capital expenditures J so that means the halberton services are going to be needed less potentially going forward and so that's one of the reasons why not to buy this stock got it also you would argue Rob this is interesting valuation in your opinion not attractive these levels that's right so Halton itself trades at a premium well at on an Enterprise Value EB basis relative to Exxon Mobile and Chevron it trades at a higher uh valuation than Exxon and and Chevron and so from our perspective we would probably be more interested in Exxon and Chevron less interested in in and Halton at its current valuation got it final Point here I want to touch on Lower dividend free cash flow yield yeah we just talked about the high dividend yield of energy transfer hel Burt's on the opposite and they've got a little over 1% dividend yield so not really compelling and attractive relative to the broader Market free cash flow yield which is really a main attribute of a lot of energy companies halberton free Cas yield is significantly lowerer than the than other companies that you can really buy and find in the energy sector and fin I'll end here Rob just as I did with energy transfer what's the risk to your call with this name yeah well the risk care continues to be lower spending basically longer term so halberton is really contingent upon and if we have lower commodity prices that means lower Capital spending that means lower services and O oil field services needed and and then that will have a negative impact on on halberton itself got it Rob let's wrap this up for view so you're telling investors listen buy energy transfer given it high cash flow essential infrastructure assets and AI energy Demand on the other side you're saying avoid Halle Burton due to its valuation and poor fundamentals thank you rob thumel for joining us today and thank you for watching goodbye or goodbye we'll be bringing you new episodes three times a week at 3:30 p.m. Easter |
FMGmxaF14mw | https://www.youtube.com/watch?v=FMGmxaF14mw | 2024-03-13 00:00:00 | Yahoo Finance | Auto insurance prices up 20% YOY — Americans are 'stuck with what they give us | well the cost of driving remains High according to the latest CPI report from the Bureau of Labor Statistics auto insurance prices remained up by 20.6% from a year ago in February the largest jump in government data going back to 1985 for more on what this means for consumers we're joined by Doug heler consumer Federation of American director of insurance um Doug good to talk to you today you know I'll admit yesterday when I saw that CPI print specifically on Transportation Services it made me do a double take because of just how high the jump has been what's been driving those price gains well it's a series of things uh that some of which are expected the supply chain Crisis coming out of the out of the pandemic created some difficulties especially for new vehicles repair costs have been going up but as you just showed uh those numbers are starting to come down and there's not nearly as high as inflation what's happened is the insurance companies have fallen behind the inflation curve and and I and they like it there right because they're setting their rates as though inflation were still at that level that we were seeing in 2022 and in the beginning of 2023 when they were really skyrocketing um throughout the throughout all Industries but as other inflation has come down they've kept those premiums high and those those High premiums are still flowing out into consumer uh Pockets we've seen an additional tens of billions of dollars in consumer premiums for auto insurance over the last 18 months or so and it really doesn't fit with where the direction of inflation is going uh but with insurance you know it's not a really a competitive market in the same way that most others are consumers have to buy the product we're stuck with whatever they give us and so as a result we're seeing this kind of misalignment between what the insurance industry is doing and what the rest of the economy is showing so then Doug at what point then could we expect some sort of normalization when the lag that we've seen with auto insurance catches up with the rate of of what we're seeing with everything else starting to decline as well well that's one of the real big problems that consumers face because these rate hikes that get put into place they roll out over the course of pre of policy years so we have people who still haven't even seen the rate hikes that were uh announced in say January December even back into November because their policy hasn't renewed yet so I expect that we're going to see another at least six months of people feeling the rate increases that have been uh that have been announced over the last several months before we even begin to see relief but perhaps more of the problem is that the insurance industry kind of is is in charge here and because they've got that captive Market of consumers we find that they are really slow to pull back on their rates and it's you know this is kind of in sharp contrast to what we saw during the pandemic everybody remembers being stuck at home not driving we weren't crashing cars either but other than a little bit of a give back that the insurance companies provided right at the beginning of the pandemic when they gave back 10 15% of the of a month's premium or two they really did not uh lower rates not significantly when things were going really well for them but the moment that inflation hit with those supply chain problems and repair costs going up they were very aggressive and very quick with rate hikes these extremely high rate hikes that we've not ever seen before as you pointed out this is some of the highest inflation in generation and so they were really slow to give back money when things were really going well for them they've been really aggressive to take money in the in the intervening years as things have gone up and another reason to add to this is that they had a bad year on the stock market in 2022 with the rest of every the world right and their Investments are such a key driver of profitability that you know they take our premium they call it's the float they take our premium and then they invest it but when they have a bad year then they need to go grab more premium so it was sort of their bad luck in the market bad decisions bad Investments you know they weren't alone in that but that also has been a driver of things and so they've been trying to capture back a lot of those losses on our premiums so so Doug we're talking about six more months of rate hikes or at least elevated rates uh for insurance what does that ultimately mean for the consumer we've already heard reports of uh drivers who are saying well if that's the case I can't afford insurance even though I need still need to drive well that's that's really what's really concerning for us at the consumer Federation of America and for anybody who's getting on the road to drive you know with cost of insurance going up people have to make these really tough decisions because you're required to buy insurance but you've got all these other costs and if you're sort of a moderate income person and you see these 15 18% rate hikes on your monthly insurance bill you're starting to make decisions sometimes you're cutting back on the coverage that you have so you might not have coverage if your car is STO and because you get rid of that comprehensive uh coverage or you may have lower liability limits so you may not be able to pay for enough of a crash you cause but even worse still we're really concerned that we're going to see an escalation of uninsured driving in America so either people are going to be um you know reducing their coverage which is going to potentially hurt them or they're going to be going uninsured which not only puts them at risk of being uh you know being held criminally liable for driving uninsured but puts everybody else at risk for crashes that go uninsured and when that happens that means you know all of us pick up the rate that cost either in our own insurance premiums or taxpayers pick it up in public health costs so what either way this is a vicious cycle of when insurance rates go up and the fact that they're going up beyond what they need to be now that they haven't slowed down when they should have is a real uh Testament to the weakness of The Regulators who really are supposed to be protecting consumers from exactly this kind of a problem so we have a situation right now where consumers customers of insurance companies are really in crisis we're hearing about uh from people all around the country about this and at the same time if you look several of the companies All State Progressive Travelers have seen all-time stock market highs over the last month so there's a real problem when the companies are seeing stock you know share price uh you know tipping you know top and at the bottom are consumers who are struggling with the prices and that's a real problem that we're facing and we're really worried about what happens on the street when people are driving un insured it's true it's certainly a decision you don't want to have to make between being able to protect yourself and your car um in situations like that perhaps it will draw the eye of the Biden Administration who's also been very focused on some of these inflated prices and other Industries as well appreciate you taking the time to join us Doug hel consumer Federation of America director of insurance we appreciate your time this morning thanks for having me |
mmvR44sqpvY | https://www.youtube.com/watch?v=mmvR44sqpvY | 2024-03-13 00:00:00 | Yahoo Finance | What a Biden-Trump rematch means for markets, taxes, China, Social Security, and more | President Biden and former president Donald Trump will officially square off in a rematch for the 2024 presidential election after securing enough delegates to become their party's nominees Yahoo finances Rick Newman joins us with the details and Rick I want to talk about the market reaction here hello from you and yourid sambas as always uh what does this mean for markets is the race going to have much of an impact or is it really about pricing and the potential outcome I mean markets saw this coming this is the REM everybody foresaw and nobody wants um so there's no surprise here and markets markets have other things on their minds right now uh investors do but uh when we get to within 6 8 10 or 12 weeks of the uh of election day um there are some major issues on the table here depending on who the uh who the winner is um corporate taxes um individual taxes are we going to have another Trump trade War uh with him saying he now wants to slap more tariffs on imports from every place and even larger tariffs on imports from China uh different attitudes toward immigration Trump recently said he would consider entitlement cuts which means that perhaps um trimming the benefits for uh Social Security and Medicare and and and many other things so this is actually I mean all the you know the the political Geeks are all talking about you know the future of democracy is at stake well whether it is or isn't uh there's a lot of money at stake too uh depending on the outcome in November there certainly is and Rick let's talk about what is playing out in DC today because when we look ahead to the election we've heard both sides of the Iowa specifically Donald Trump talking about social media and how that played or how he views that that played into the results of 2020 but they're voting today the house is on a Tik Tock ban if that goes through how big I guess what are the 2024 implications then and then also when you see a name like Rumble being a top trending ticker here on Yahoo finance what do you think the odds are that it will be divested versus an allout well uh a long series of questions there and this has been a sleeper issue that suddenly has been propelled to the to to front and center so this is how this is what's been what's going on with Tik Tok so first of all Trump tried to ban it by executive order when he was president court shot that down um so the Assumption was yes Trump would try to ban it again if if Congress were actually to pass the legislation but now Trump says no maybe we shouldn't ban it because it would just give the other social media apps that he dislikes uh more uh market share that comes after he met with Jeff Yas who is a billionaire investor who owns part of Tik Tok so Trump now apparently is not so much in favor of um Banning Tik Tok Joe Biden joined Tik Tok in January and he has since posted something like 60 videos there that's his campaign obviously trying to appeal to young people with these sort of snarky videos but Biden says he would sign a bill to ban Tik to so he would wipe himself off okay so what's what's really going to happen here so um the legislation could pass the house um it's going to face a harder uh track in the Senate it you know let's call it 40% likelihood that this um ban so-called ban would actually pass Congress this year that's before the election in November Biden now says he would sign that but but really important to keep in mind the main point of this bill is to force the sale or devest of Tik to by the Chinese owners in other words they sell it to somebody who's not um based in China and they have to have uh the punishment if they don't do that which is the ban the go the main goal is not to ban Tik Tok and if this law actually if that's if this legislation actually becomes law the most likely outcome is it forces a sale rather than Tik Tok just disappears and by the way if Tik Tok disappeared um some number of millions of Voters would punish whoever they felt was responsible for that and if Biden's the guy who signs the law I mean they would just they would punish him what is the appetite though from China to allow that sale to go through seems to be the big question because whether or not that's what Congress decides China's still in control uh so so it's kind of an open question like how much does the Chinese government actually control Tik Tok I mean the Chinese government is not the owner of Tik Tok the owners are based in Singapore I believe um and so and so people in the intelligence community and elsewhere say well the way the nature of any company in China is that when the Chinese government asks you to do something you do it um so let's say that assumption is true then the Chinese government wants a Chinese entity to continue to own Tik Tock because whatever it might do propaganda during a crisis or a war over Taiwan or something it wants to have that leverage so they're going to oppose this but um uh I mean they can't stop it if if there is enough momentum in Washington to make it happen and again just to remind everybody the most if this law happens the most likely thing is just a sale of Tik Tock um and Tik Tok continues to operate as everybody knows it rather than it just shut gets shut down I mean I guess there is a 2% chance that t tick the ban actually goes into effect and Tik Tok is shut down but if you're the owner you'd just be leaving tons of money on the table like why would you do that |
hj6Sq_nrlQ0 | https://www.youtube.com/watch?v=hj6Sq_nrlQ0 | 2024-03-13 00:00:00 | Yahoo Finance | When Fed cuts rate slowly, market has done better: Strategist | big Tech giving back some of yesterday's gains you're looking at a drop of just about a half of a percent here for the NASDAQ 100 at the open the moves this morning coming off a record setting day for the market the S&P 500 still hovering not too far from yesterday's record level just trading just below the Flatline here in early trading we want to bring in Ed kled he is Ned Davis research group's chief us strateg said it's great to have you here so we saw another move to the upside yesterday with the S&P closing at a another all-time high some give back in early trading action today but take a step back how does this set us up here to the action that we will likely see play out in the coming weeks yeah it's it's an ongoing bull market you you think about the the concern right now is is the economy too strong for the FED to cut rates that's actually a pretty good place to be uh and we think the FED will cut maybe a couple of times uh this year but in fact the Market has done better when the FED has cut slowly up about 24% in the next year that's not a forecast that's just the average historically versus up only 5% when the FED has cut quickly five or more times uh in a year so this is actually a pretty good place to be now short term we've come a long way there's lots of optimism if there's a breather or pullback that would may actually be be a healthy thing for the long term but you know big picture things are in pretty good shape so Ed what's the Catalyst here why did we see so much green after that hotter than expected inflation print and then we're seeing this pullback today what is the reason well I think the initial reaction was uh oh this is a repeat of last month uh where it's a hotter expected inflation number but the market really prices in the same news the same way we've already gone through that discounting of moving out you know a month ago the the market was looking for five six maybe even seven rate Cuts coming up and and now it we're the Market's pricing in three you know maybe that's a little bit too much but it we've kind of the Market's moved to where the FED has told it it wanted to be the the whole time uh and and so you know given the fact we've come a long way there's lots of optimism in the market right here you know take a breather um wouldn't be too surprising how would you then position at at this point if we're going to see a bit of a breather here in the markets what adjustments should investors then be making to their portfolio because of that sure if you're if you're a short-term Trader uh you you maybe consider if you don't have a lot of exposure to what we call the shut sectors that Staples Healthcare utilities and Telecom at this point in the cycle particularly during election years um during the second quarter they they tend to outperform again that's a shorter term perspective longer term still say cyclical uh but that's a way to maybe you know get into some areas that have underperformed over the past uh several months even going all the way back to the bull market it started in in 2022 uh it's been historically weak for those areas so if there is going to be a little bit of rotation defensively if the market takes a breather those are the areas we would focus on Ed you mentioned the election year and I'm curious about your take on how the election year could interplay with the fed's moves we have Steven Stanley with a call for 50 bips of cuts this year after the election so meaning after November there to what extent does the feds sort of have to wait until they know who the president is and how that will impact fiscal policy to be able to move forward on monetary policy well I think in terms of before the election if anything it would actually give the FED a reason to go ahead and do one cut maybe in June versus waiting a little bit longer because once you get into the the throws of the general election that the FED above all does not want to be viewed as being political even though historically occasionally they have been they don't want to be viewed that way so maybe that they would actually get started um and then after words uh the FED has been pretty clear that they are not trying to direct fiscal policy but they are going to have to react to it and that's part of the reason I think they they were so aggressive in hiking last year we had this accidental fiscal stimulus with a you know massive $140 billion increase in Social Security spending just from cost of living adjustments last year um so those sort of things will impact the FED after the election but before it it may actually mean the fed the FED goes ahead and starts the easing cycle so they don't appear to be favoring one candidate over the other |
0HH0PbQYJQU | https://www.youtube.com/watch?v=0HH0PbQYJQU | 2024-03-13 00:00:00 | Yahoo Finance | Investors should 'buy companies that beat and raise guidance,' strategist says | well we're looking at inflation data coming in hotter than expected this week still well above the fed's 2% Target moderating expectations of rate Cuts coming anytime soon but our next guest thinks we should be careful what we wish for more on this Mahoney Asset Management CEO Ken Mahoney is here with more so for people who are wondering here it's not just about the rate Cuts it's why the FED would be cutting the rates break that down for us right be careful what you wish for remember October was at end of October we had that spooky month and because we're talking about keeping rates higher for longer that's what they told us and then capitulated about a week later following the bond market the way we look at it and said oh forget about that higher for longer probably be cutting rates in 2024 and then it was like a bidding war I got three rate Cuts I got six R cut listen the last thing in the world you wanted six rate Cuts because that's a company with slower growth I think we this Goldilocks environment right here believe it or not because we have great earnings you know the headwinds are no doubt are there there's always some things you have to deal with but be careful you wish for if you have three four five or six rate Cuts in this year 2024 from where we are now yeah I would not like to see what the economic numbers were to to precipitate that so anyway I think may maybe get two but be careful you wish for here with all these many rate Cuts uh Ken I'm surprised to hear if there's anybody out there that are still calling for six Ray Cuts given where we are um with the economic data coming through but um we're still looking at a potential for a June rate cut with that in mind what do you do with your portfolio right so I think if they do cut in June it's kind of insurance I I think they knew when they're raising rates the first part of it you know 11 times you know they raise rates and then kind maybe take a couple back to make sure we could balance out and so forth you know I think too many people are getting hung up with the economy again of course we have to look at GDP we have to look at inflation we have to look at rate Cuts but right in front of us is when biggest opportunities we've seen I mean really it's a tail to markets it's technology and everything else and it reminds me mid 1990s when you know the birth of the internet you all R out to get PCS when investors don't see here unfortunately in the n in their own naked eye they don't see the servers they don't see like warehouses of servers being bought you know it's not that tangible but what we're seeing is probably one of the biggest Capital expenditures in the history of the market so I say that really important that don't get caught up with how many rate cuts bed's doing you know again really focus on some of these growth companies that you can make significant progress with and that's kind of our kind of our Forte is again we are growth managers we certainly want to stay away from falling tops and doing all these type of things in front of us we have a really nice Runway and make some good money and we're still seeing this bull market continue obviously some some Jitters around some of the inflation data that has come out but when you're looking at q1 earnings being the next Catalyst what are you looking for in that it's really going to give us a better idea of how investors should be looking at what's going to be happening in the next few months right so we look for those companies or Playbook every earning season in this one March 31st and they'll start reporting third fourth week in April it's kind of buy those companies that beat and raise guidance and that's if you follow that money that way you'll see all these big moves from meta remember meta had so much in earnings in the December quarter that they end up buying 50 billion dollars for the stock so a lot of good things happen so here's what happens they beat they raise guidance wall Tre or analyst go from holds to buy or buy to strong buy $110 targets $160 targets you get all that good stuff by the way the just the opposite stay away from those companies who Miss I know it's tempting because stocks go lower that Miss and then guide lower you're in quick sand you miss an opportunity so I think uh this quarter which will end March I think it's G be great for technology shares and I think we still continue to prove that we're in the early Innings of AI by the way the CEO in the video said we're in a second or third inning so we still got a long Runway here but again I I suspect this first quarter's earnings are GNA be very strong especially for big Tech well certainly wait to see what that seventh inning stretch looks like when we get to that point I appreciate you joining us Ken Mahone Mahoney Asset Management CEO there you go take care |
AuddmQtkYbA | https://www.youtube.com/watch?v=AuddmQtkYbA | 2024-03-13 00:00:00 | Yahoo Finance | The Gold rally may be 'a little bit ahead of itself': Strategist | Gold's Record rally isn't showing signs of slowing down having its best month since October as investors gain more optimism around rate cuts to come this year but our next guest says the rise could be premature Stefano Pascal Barclay's Equity derivative strategist is joining us now and Stefano thank you so much for being here I can't get over the performance that we're seeing of gold layered next to bitcoin because it just looks like they are exactly layered on top of each other and one of them see seems like a risk on Vibe and the other seems risk off help me understand how this Market is having both of those Dynamics play out at the same time yes sure thanks for having me in the show so obviously gold recorded really rally for the books so the 7% rally that we've seen over the past month has been higher only 6% of the time over the past 10 years right but only the extent of the rally really that's been Rive it's also been essentially the persistence and the strength so just if you consider the gold has been recording nine consecutive daily positive returns uh that's only happened a bunch of times in the past 50 years like that's one of the uh highest up streaks for go and so the intensity kind of suggest that there's something else other than fundamental drivers sort of of work here and we do think that uh sort of also linked to technicals so for example if you look at the bonds uh rally and the sell off in USD I mean famously the US dollar and yields are two mechanical drivers for the yellow metal there were obviously some uh important Tailwinds behind the rally in Gold but they do not explain the full story right so for example our model shows the um yields and the US dollar should have accounted for all oneir of the actual rally that happened so that something has a work now we did some positioning analysis and uh basically there's a strong evidence that the FED pivot sort of forc microfunds to switch from having a negative exposure to Gold to a positive exposure in other words sort of the prospects of the first cut forc a lot of microfones out there to cover their short positions right now uh in a way we think that the micro environment is supported for gold I mean we do think that there going to be a first cut in June and if you look historically gold has done pretty well around the start of a uh cutting cycle however we do caution a little bit here because we think that gold is running a little bit ahead of itself yeah so that's a very interesting stats that shows you know since 1980 goal tends to be muted um ahead of the first cut in fact he only rallyes after the first cut has been already delivered yeah so then that's not the case right now yeah St then then how much is that already fully priced in and then that also begs the question if we don't get that Ray cut when the market is expected are we actually going to see some downward pressure then on gold in the near term yeah I think that's fair so obviously part of that rally is already happened uh um which is why we are calling for caution so you know typically the rally that happens after the the start of the cutting cycle is about 10% and that we're almost already there right there may be some more upside room left uh but you know obviously compared to history a lot of the rally has already happened so one thing you can do actually uh instead of waiting for a better entry point which is you know famously very hard to time the market one alternative is to actually use options right so um for example the strategy that we recommending is to um gain upside exposure by a call spread I mean that strategy obviously the advantage is that for a price it has some sort of insurance built in so you have upside exposure but you're not exposed to the downside and right now I think volatility markets are really giving you a really good entry point for that type of strategy Stefano we have less than a minute left here I'm just curious who is the buyer for gold right now what is that profile looking like if you look at the market through different segments of investors it does look like like retail investors have been absent from the recent rally so we actually seen a lot of outflows from gold ETFs on the other hand microfunds they switch from being short to now being long and obviously the other big players are central banks which have been big buyers now for many months and a row |
D7swUFl6FL8 | https://www.youtube.com/watch?v=D7swUFl6FL8 | 2024-03-13 00:00:00 | Yahoo Finance | Who benefits if a TikTok ban actually happened | there's been some analyst calls out uh recently over the last couple of days saying alphabet along with meta remains one of the key beneficiaries to that so let's talk about this breaking news that we are getting that US House voting 352 to 65 to pass that bill that could lead to an allout ban on Tik Tok Rick Newman back on set with us Rick we started the day with you and here we are ending the show with you so now the big question is what this is going how it's all going to play out in the Senate uh it's it's going to be much harder to pass the Senate uh than it is the house and I think part of the reason that it got through the house is this just came from nowhere I mean what we know we're learning now is that there has been an effort underway uh by some people who really think this is an important National Security situation in conjunction with the Obama excuse me the Biden Administration and the justice department kind of behind the scenes um to to sort of Mount this sneak attack to get this bill pass in the house so um Tik Tok and its Army of influencers are now aware that there's a problem and there and there's a real likelihood that this could go somewhere so I think we're going to see more opposition amounting uh mounting now that this will hit the Senate um and you know the outlook for this actually passing the Senate is uh you know 50/50 at best and I think the longer this goes on uh the lower those odds will becomeing me let's keep just to put this in perspective there was a set of um um tax Provisions that passed the house I think two months ago uh at the beginning of 2024 uh and that was unusual because it was bipartisan there was something Republicans wanted and something Democrats wanted that went to the Senate and it's just stuck there right now so um this could the same thing could happen here and it probably also is a factor um what Donald Trump actually does because until just a few days ago he was in favor of uh this bill to ban or either Force the sale of Tik Tok and now he has flipped within the last few days after uh some this guy who owns part of this who owns part of Tik Tok whispered in his ear that this was a bad idea so is Trump actually going to sort of Mount his own campaign against Republicans in the Senate um and if he does um is that going to be influential my my guess is I don't know if he will but I think if Trump decides he wants to go to the mat on this um that could be another factor that slows this down in the Senate and you have to wonder the appetite to speed it up since we are in an election year whether or not that's a factor here we have another guest here with us to discuss this developing news here we've got Jeffrey senior senior analyst Brent Phil with us and Brent thank you so much for coming on I'm curious about the potential impact here to some of the other big Tech names particularly alphabet which we're seeing push into the green after this news do you think that because of uh Google's massive streaming platform and YouTube is that a potential beneficiary to any potential Tik Tok ban yeah I mean if you you look at my own kids there they split between uh Tik Tok and and YouTube so uh you certainly if it was shut down that the place you're going to go is probably on YouTube and the advertisers would flip over so Google could could be a beneficiary obviously meta uh and Pinterest uh also could see uh more time spent uh on the platform I if if that happened uh so yeah certainly there's going to be beneficiaries under the scenario that it it does get banned um from from that side I mean certainly snap um could could see this as well uh if you look at most of the younger audiences obviously on on they they go back and forth between snap on the map and then uh some of the videos on Tik Tok so those are those are all you know potential beneficiaries uh again at the low end it's it's probably more more of a snap and and at the higher end it probably more be more a Google beneficiary from an analyst perspective when you take a look at the vote that was today yes we we have to wait to see how this all plays out in the Senate but how material of an impact is this going to have on a name like Snap obviously you're saying it's probably best positioned here but in terms of the bottom line what does that more specifically look like yeah I mean it's hard to say right now because we don't know exactly what's going to happen but if you think about what's happened right now most Advertiser budgets um have shifted to meta um So Meta has gained you know 30 40 50% of the incremental budgets and it's because the quality of the product and they lap the iOS privacy change you've seen uh in all of our advertising work the ROI and meta is off the chart so if you just look kind of an isolation of what's Happening away from this um meta has been a huge the biggest share Gainer uh and is one of the fastest Growers and as they've said they have three billion people on the planet they have multiple ways to engage with their platform uh across the different so we continue to believe that meta has the best fundamental position in Social um snap on the other hand um has has really done a terrible job I mean they you know again when you when you talk to the younger audience that is on this platform they use it for the map to see where their friends are and they use it for a messaging system because they don't want their parents to see what they're sending but they're not influenced by the advertisement they're not influenced by the shows they're not influenc by anything else on the platform and so that's you know why you're continuing to see they've got users but they don't have the advertiser activity right that that meta has and so they've got to fix that now if if if Tik Tok got banned could could theoretically this really helps snap and could this be a windfall you know uh for them to to to but but again I think they have to fix their own house sure on some of the issues before before that really um improves right and and Bren we have to mention of course that this still does have to go to Senate where it is likely to stall uh given the wide variety of factors that we've talked about here particularly one of them being this election year so a lot of policy on the table there uh Bren PHS thank you so much for joining us to break down that breaking news and our thanks to Rick Newman who had to go uh cover this developing news so he had to leave the studio here for us but we we appreciate him as always |
mSNqxRS7XmY | https://www.youtube.com/watch?v=mSNqxRS7XmY | 2024-03-13 00:00:00 | Yahoo Finance | Campbell Soup CEO says Rao's deal is 'a match made in heaven' | a historic moment for really one of the most historic names down the food aisles that is Campbell Soup closing on its deal for soos's Brands which will have it selling large amounts of pasta sauce notably rayo's pasta sauce let's bring in really the man uh who led the charge here for this acquisition $2.7 billion acquisition for soos brands that is Mark Claus the CEO of Campbell Soup Mark a big moment for your team congrats to all of you I I know it was a lot of work to get this deal done but now that it's done over the next 60 days what's the attack plan for a brand like this how do you integrate it well hey Brian great to see you um yeah it's an exciting moment I I think in many ways there's there were there's not a lot of times where you've got a billion dooll business that is the real growth engine um in an industry that strategically fits perfectly uh within our portfolio so it really is a bit of a match made uh in heaven and and look the the first 60 days obviously in any acquisition you're spending a lot of your time and energy on the people right you want to make sure um that those great team members from SOS uh are finding their way into the the Campbell family um and we've got a great plan you would have seen today we announced that um we're bringing over one of the the key leaders and Risa uh from the SOS team and and she's going to be leading uh the distinctive brand segment within the the meals and beverage business um she has a tremendous history led the reos business through a lot of its growth um actually used to work for me uh on the Pinnacle side leading the bird's eye brand so uh good to have her back in the family but uh a lot of that time spent on the people but the second thing I would just say is one of the beauties of this acquisition is is really we're we're just trying to extend and continue to execute uh the SOS Playbook uh the team has done a a masterful job and so we're uh we're not expecting any uh any changes or or shifts it's just really about stepping on the accelerator and continuing to drive a strategy that really looks like it's working well uh I've been covering your leadership for a while Mark and of course I remember when you guys made this deal so this comment on the press release it really wasn't lost on me I think it was you that said uh you want to be viewed as the most Dependable growth oriented large cap value names in food do you think the street is sleeping on the financial impact of this deal I I looked at the earnings estimates yahoooo Finance aggravates its stuff I don't see the street lifting up their estimates but but shouldn't they because you're coming out new products and you're also bolting on a business that was on fire last year yeah so look I'll let you speculate on where uh where the investment Community is but look my my hope is that that what we've done and over these last five years um this is a a fairly profound transformation um of an iconic company where we have been able to to really I think bring life back into these iconic fabric of the nation Brands and Brands like Campbell and pepp farm goldfish while maybe uh making some swaps with parts of the portfolio that I think better position us uh for the future and and this gives us a a portfolio and a brand in particular with raos um that is very complimentary to our portfolio but gives a significant scale and growth into the future future when you look at the business today right 50% of our business is a snacks business that has a tremendous track record and runway for sustained growth with a very very solid self-help margin story now we're pairing it with a meals and beverage business that's going to bring a very dependable um growth expectation um and complimentary nature within our uh categories to really be a leading player within the world of grocery um you put these two uh variables or these two kind of one two punches together I do think it really gives us a h a very very solid claim to being that most Dependable most predictable uh player in food that's built on the brands and the growth and the focus of this terrific portfolio so um you know we hope everyone will uh will see that story uh come to life as well do you think the the brand last year I mean the sales are off the charts Mark I up 25% year-over-year in terms of sales it's do you think it still grows at that rate this year yeah I mean look the reality is that is the two-year growth rate 67% so this is a business that is just really uh been on fire when we think about uh where raos has gone and again it's just a terrific Testament um to the SOS team and and I think that the good news is when I look at that more recent Trends and growth here's a couple things I see that are really encouraging first um the growth is being fueled by both distribution and velocity while also seeing continued expansion of household penetration I love all three of those variables and glad that it's not singularly dependent on any one but that the opportunity to demonstrate all three is a potential for growth two um I am really excited about what the team has done on the Frozen side right this is not an easy category and they've been able to come in with a differentiated more premium product and the velocities uh on those new items are extremely compelling and you know maybe a little closer to home uh their super premium soup offering is also doing very well adding uh a point of share growth right now uh within the world of soup to our portfolio and it's going to be a wonderful uh complement to again our our mainstream um business very differentiated but complimentary uh to what we're doing on on Brands like chunky and uh our condensed soup business so so um I think the good news is that although that growth is sustained um it continues to demonstrate the expandability and even with that growth rate uh I can still see a very very uh long Runway of opportunity ahead Mark um true story so ahead of this interview two nights ago I went and just bought a bunch of your products I put them on my table at home the cans look the same a lot of the products from what I could tell they all taste the same as when I remember 10 15 years ago whatever it was there's a lot of debate in this country right now about shrink flation I see it down the serial aisles I see it from some of your competitors what's your philosophy on this happening because I think even the president weighed in what's what's Campbell's philosophy on shrinking packages and taking ingredients out of their products yeah so look I I think a couple things that I would just say the the first thing that I would say is we we all need to understand and recognize that as much as within the the visibility to macroeconomic trends there may be a lot of reasons uh to be encouraged and to feel um like there's positive momentum and there is in different uh areas and different variables which is uh ultimately encouraging but we've got to remind ourselves that many of the consumers in this country have spent the last several years in an unprecedented level of inflation uh they're dealing with higher credit card balances and although interest rates may have improved they're certainly not down to the levels that they were historically and so this consumer base um has really been finding it tough I mean in fact eight out of 10 consumers if you ask them today are you better off than you were a year ago would say no um and so I think our job uh as food companies as much as it is a a a diligence and a requirement uh to ensure that we're doing the right things from a profitability and sustainability standpoint that we're doing also the right things to maintain affordability and so when we think about that in the context of the world we're in um you know there's a lot of different tools that can be used but what we will not do um is lower the quality of our products or uh lower the expectations of what a consumer might have when they open a bag of Milanos um or they're having a a bowl of Chunky Soup um we will protect that at all costs it's important and by the way um let me just add for our uh our new uh entrance into the family we will not change the sauce of uh of raos either this is going to be about maintaining and protecting the quality now we very rarely change sizes of packages because it's not always the easiest area uh to execute but there are um um certain moments where a particular price point on a large size or something maybe part of someone's uh tool bag but at the end of the day what we want to do is ensure that we're one thinking about the the the needs of the consumers and staying affordable and relevant while also being absolute Gatekeepers on protecting the quality and the expectations that consumers should have when they open a Campbell's product well thank you for leaving the beef in my Chunky Soup Mark Claus uh congrats on this deal always nice to get some time with you Campbell Soup CEO we'll talk to you soon great Brian thank you |
_Wr7KQ5DW5s | https://www.youtube.com/watch?v=_Wr7KQ5DW5s | 2024-03-13 00:00:00 | Yahoo Finance | TikTok ban could result in a 'high profile' retaliation from China: Expert | well with that in mind the US House of Representatives passing that bill that would force the Chinese company bite Dan to divest from the social media giant Tik Tok joining us now on the implications of this legislation are Shazad Kazi China beebook international managing director and Colin Costello freshfields cyphus and National Security advisor welcome to you both here now obviously going into this when we saw that house panel first have that you know no opposition to this we did expect it at least to still have that support in the house um Shazad I want to start with you though in terms of the support that we might see then as we head to the Senate is there the same appetite for this here well uh definitely not uh you know the house was very clear that this was going to pass given the amount of work over the last year and a half that the select committee chair and ranking member uh Mike Gallagher and Roger Krishna morthy have put in behind the scenes the Senate is a different ball game and it's pretty much up in the air right now whether it passes I think how former president Trump potentially changes his stance if he sens up I think it has a good chance of passing but if his opposition remains firm this may just die in the Senate uh Colin this is something that you're very familiar with given your involvement during uh the Trump Administration I I realize you can't weigh in specifically on the ban that was proposed under that Administration but at at the core of the debate over the years with Tik Tok it has been about the National Security concern the data collection that happens on the app is this about evidence that points to the Chinese government having used that data or is it about the potential risk that could come with allowing that in other words there's not necessarily the evidence but the potential of that is really high certainly so if you look at how the government understands National Security risk it really looks at it in terms of three variables uh those are threat vulnerability and consequence and so the threat is going to be the foreign person in this case bite dance the vulnerability is going to be some as ECT uh of the US business the US operations of Tik Tok that might make it susceptible to exploitation by a foreign adversary and then the consequences how those two variables are going to interact with one another in here uh given that depending on Whose estimates you believe Tik Tok has between 150 and 170 million us users that consequence of exploitation could be potentially quite enormous so previously the focus seems to have been on reducing the vulnerability of Tik Tok this is what has been done by Tik Tok in terms of what they called project Texas working with Oracle um but apparently the Congress has determined that that's not moving fast enough and so they're going to now try to address the threat aspect of this which is to say they are going to force bite Dan to devest Tik Tock uh or else face effectively a ban in the US uh thereby removing the threat actor and I think from the perspective of the government uh whether or not they have access to classified information that suggests that this uh app has been used by the Chinese government to obtain information the latent capability exists simply because the Chinese government does have broad legal authorities to compel cooperations in matters of national security so from the perspective of someone uh who views the Chinese government as an adversary and as a very capable adversary the question is not has it been used but can it be used and the answer to that I think from the perspective uh of the people who wrote this bill is yes Colin let's suppose that this bill does in fact pass the Senate as well and that's a big if obvious the way shazada has laid it out um what are the legal challenges or legal avenues that Tik Tok can fight this well certainly we we saw the challenges that were brought against the 2020 executive order by Donald Trump uh which was promulgated pursuant to the international emergency economic Powers Act and ultimately fell uh because it ran a foul of the personal Communications exception uh in the informational materials exceptions uh this bill is really designed I think to get around that uh the iipa is quite flexible uh in terms of grant of authority but it's not infinitely flexible uh and certainly the courts found that in relation to the 2020 executive order what this is doing is providing effectively an independent Authority for the executive branch to review uh foreign adversary controlled applications so defined uh and affect a divesture if they find that they represent a threat to National Security um other challenges obviously could be brought under under the First Amendment of the Constitution um and I think that will likely turn on the extent to which this is viewed as content neutral and Shazad I want to bring you in here because when you think about retaliation I mean Chinese the Chinese government has already said it does not support this divestiture could we be stuck in a tit fortat and what would be the most likely targets something perhaps would that would be the equivalent of say a Tik Tok in China yeah you know pulling back I think the idea is that in Beijing now you have what I like to call a minus America policy which is where you know when it comes to things like Supply chains Etc we talk about having a China plus one strategy China shouldn't be the only provider but when it comes to the Chinese government especially in the area of Technology whether it's Hardware software programs so forth but beyond technology too they want American businesses and American providers completely extricated and of course in China we have a very broad uh uh you know developing definition of what could potenti construe a national security threat it's very unclear which means that a bunch of targets are open for retaliation uh of course the social media companies don't exist out there American ones essentially so they're out um but you know it's very likely that this go after some kind of high-profile Target nevertheless in maybe a different industry in maybe a different space and not necessarily a direct equivalent uh such as in the tech space uh as they've done in the past when they went after Bane um Etc so I think some kind of high-profile uh uh Target or retaliation is absolutely going to be in the cards uh to the extent that this becomes all successful and we're able to take on bite dance and and and perhaps if Tik Tok is is banned and Colin obviously what counts as a national security risk you know obviously that's something that can be subjective but what about the idea that perhaps some of the concerns here can't be addressed any other way other than divestiture or a ban will that stand up to Legal scrutiny it's difficult to say I mean the purpose of the law is of course to be narrowly tailored to address the specific National Security risks that would arise from the foreign adversary control over the application in question here the attempts by the Congress uh is to make certain that when this is or if this is challenged I should say and I think when it this is challenged that they can demonstrate that this is motivated by a specific National Security risk it is narrowly to address that risk as we've been saying it is not a ban effectively uh or per se uh rather it is just a a choice it is a choice to devest uh or die effectively uh not be able to distribute your product within the United States and I think in trying to characterize it there as opposed to just as a direct ban of a particular and specific product uh the Congress is hoping to avoid challenges that might arise um on the basis that it is not narrowly tailored enough to the specific risks has been identified uh Shazad you mentioned the potential for retaliation against American companies I can't help but think about what's been playing out with apple and their iPhones when you hear the language that is coming out on why government employees have not been allowed to use it it's very similar right to say that it's an American company they could potentially have a back door they could potentially be collecting data on Chinese users um how does the Chinese government deal with this at a time when they are trying to attract more foreign investment into the country when things have slowed down it's sort of trying to find this balance between countering what the US is doing but at the same time saying we're still open for business yeah I think I would say this is classic China policy it's asking for foreign investment in areas where China needs the foreign capital or more importantly needs the foreign knowhow uh you know think of any number of Chip makers the equipment they Supply or anything related to semiconductors um but in other places where uh China has been able to successfully help homegrown companies through a range of subsidies and policies help uh become powerful and take on uh uh the foreign companies you know and the competitors as they're seen now China's more than happy to uh you know increasingly get rid of them so we've seen this play out over the better part of the last 20 years finally Colin um you know you say that there hasn't really been a precedent for something like this um when you think think about the way in which Congress is trying to take this action to effectively ban Tik Tock what would be the legal implications what's the Fallout from this Beyond Tik Tok because there are plenty of apps out there there's plenty of Chinese companies that are looking to make entry into the Us and other foreign countries or other foreign companies as well certainly I mean the the Tik to is the Focus right now because it's the shiny object but the bill is much broader than just Tik Tok Tik Tok is just the ex example uh that the bill puts forward as sort of the first use case uh of the legislation if p as written this would Grant the president a very broad Authority uh to identify sort of so defined foreign adversary controlled applications ranging from websites to mobile apps to desktop apps uh and then with a degree of notice uh force a divesture um there are questions here in terms of what what does this mean for company's willingness to host applications that are coming for example out of China uh if they fear that perhaps uh in the future they're going to be deemed a foreign adversary controlled application and now the company who's hosting that application is going to face potential fines potentially enormous fines uh if they continue to host the application I think there's also implications uh for open questions about cyphus jurisdiction uh if cyphus has reviewed for example a born acquisition of a US business and cleared it it's cleared it with Safe Harbor which means that cyphus can't re-review the transaction action I think as written there's an open question as to whether or not uh a cus Grant of Safe Harbor could effectively be overruled by this bill by the president making a finding under this law uh that a foreign adversary controlled app poses a threat to National Security uh even if cus in the past has previously reviewed and cleared a transaction the president could then come over the top because it's not being conducted under a cus Authority it's an independent legislative Authority uh and effectively Force the divesture that cyphus has already approved so I think that there's a lot of open questions here uh and potentially much broader implications just beyond Tik Tok okay we'll be watching all these developments play out great to have both of you on today Shazad Kazi and Colin Castello appreciate the time |
BvhD5C0DqBQ | https://www.youtube.com/watch?v=BvhD5C0DqBQ | 2024-03-13 00:00:00 | Yahoo Finance | Bitcoin ETFs will see $220B of additional net inflows in the next 3 years: Analyst | Bitcoin is the highest form of property the Apex property in the world and it's um it's the best investment asset so the endgame is to acquire more Bitcoin um whoever gets the most Bitcoin wins whoever gets the most Bitcoin wins micro strategy chairman Michael sailor a longtime bit Bitcoin bull raving about Bitcoin as an investment the digital asset reaching new highs this week coming off the launch of spot Bitcoin ETF crypto related stocks such as coinbase also doing very very well up roughly 50% since the start of the year next gu saying that there's still a compelling upside case to the crypto exchange we want to bring in Deon Ryan citizens JMP director of financial technology research joining us now Devon it's great to have you here at the desk with us so just first your reaction that we've seen to the massive increase in the price of Bitcoin and obviously coinbase a big beneficiary of that yeah absolutely first of off great to be here um what we talked about we actually put a report out last night there's been 10 billion dollar of net inflows into these ETFs over the last two months we are saying that we think there will be $220 billion of additional net inflows into these ETFs over the next three years so uh the comment is that the ETFs are truly transformational for this space um what we're talking about with the ETFs is there's $ 25 trillion doll of financial advisor driven money that really hasn't even allocated yet and the ETFs open the door to that part of the market and so um of course yes when there's big demand the10 billion is driving prices higher and then ultimately that's really good for companies like coinbase because they're benefiting both from the ETFs directly and trading those but there's a lot of interest is in crypto more broadly so their trading volumes are up over 100% uh in the first quarter over the fourth quarter um and then you know bigger picture coinbase to us is really play on just the evolution of the asset class and so that's really I think what people miss far in the stock and that's why we think there's still quite a bit of upside because they're going to evolve their business model with the evolution of the asset class in terms of flows when we look at grayc Scales Bitcoin ETF definitely struggling a little bit I see the smile there over s and A5 billion dollars of Exodus there in the first 30 trading days is that an idiosyncratic issue for them or is that indicative of maybe some outflows to come for other names yeah I think they're really specific so there's at least a couple billion dollars of the of that you just cited that's related just some of these bankruptcy estate sellings and I think that's already generally played out and then there's also some selling from people that initially got in to grayscale because they were just playing the the trade around the the premium that uh the gbtc was trading to bitcoin several years ago and then ultimately even more recently the discount and I think there was some you know traders in that and so some of those folks have exited and then you're seeing a little bit of rotation too where you know some people have been selling that ETF and going to some of the lower fee ETFs they actually just announced yes yesterday another ETF structure so I think they're going to be back in the game um you potentially bringing in inflows but yeah I think of that is really idiosyncratic and then the net flow story is really we're focused on which is $1 billion every two months you mentioned the fact that you see coinbase's business evolving the platform evolving as the industry does how so and what does coinbase need to do in order to maintain that edge yeah I mean I think that's really the key story we've been framing coin bases you know it's a little bit cliche but the Amazon of crypto and what I mean by that is you know they got in into buying and selling you know as an exchange realize that was the first foray into crypto that's becoming increasingly commoditized now there's still going to be huge growth in the exchange platform but coinbase is really the primary on-ramp or one of the primary onramps into the asset class so if folks want to get uh involved in payments or remittance or in our opinion tokenization of real world assets web 3 you know they have their own uh blockchain called Bas you they're going to be involved in virtually every aspect of how this industry grows uh and then there's going be parts of this industry in our opinion that are really idiosyncratic to crypto so you know staking is an example and there'll probably be other Innovations so coinbase is going to be involved in all of that as they already are their subscription and service revenues were essentially zero in 2020 now they're one a. half billion dollars I think those are going to grow a lot faster than even the exchange part of the model so that's really you know simplistically the story and I think what a lot of people have Miss that it's all about trading and uh you the Bitcoin ETF and less about these other areas and those other areas are really what's going to be what drives a revenue grow grow over the next decade yeah certainly we're taking a look at coinbase up another 5% today Deon Ryan always great to have you thanks so much for us |
SkvSAXk4OSo | https://www.youtube.com/watch?v=SkvSAXk4OSo | 2024-03-13 00:00:00 | Yahoo Finance | Economist: Commercial real estate ‘is really falling apart, there's a lot of pain’ | most Wall Street forecasters believing that a soft Landing is near but not all of them do to break down some possible risks for the market we have Gary Schilling here uh Gary Schilling and co-founder and president of a Gary Schilling and Gary thank you so much for joining us here I know that you are pricing in a big potential risk when it comes to commercial real estate and you predicted the housing market collapse in 2008 what similarities are you seeing between these two factors here well the commercial real estate is not nearly as big as the subprime mortgage Market was back then uh it's it's it is really falling apart there's a lot of pain but it's much more restricted you look back then and a huge number of people in the country were involved in subprime mortgages and really suffered as a result the the commercial real estate yeah I mean you've got the severe problem with with office buildings that are half empty and people who are don't want to go back to work in their offices and so on and those affected are in trouble but as I say it's it doesn't mean there is any less pain intensity but it means it's not nearly as widespread so Gary when you're talking about the potential Fallout of that I guess more specifically how big of an impact do you see that H having on the broader Market I I I don't think it's not enough to syn the ship I mean if you look at the subprime mortgage uh Fiasco uh in 2008 it it gave us the most serious recession since the 1930s and all its ramifications uh I think now the economy is vulnerable this is a certainly a negative you've got a lot of other things indicating that inverted yield curve uh leading indicators uh being weak Etc the fed's interest rate increases and so on but again uh it's it's just not the same order of magnitude yeah this could contribute to economic weakness but it isn't going to give us a a a global collapse at least as far as we can see right now so Gary what does it do then because we've been talking about the commercial real estate risk for so long it just feels like this zombie in the back of the room that you kind of ignore at this point How concerned do we need to be I mean if you if you had to put a number on it how big of a downside risk could this have on financial markets well I I don't know uh you said for a long time I'm not sure how long how long time is uh but the last couple of years this has been clear ever since the pandemic when people were staying home and Office Buildings uh occupancy went down to about 50% um obviously it's been a couple couple of years but you know this could this could potentially knock a oh a percentage point or so off of real GDP but again it isn't like the five or 6% uh declines that we saw back with the subprime mortgage collapse and I you know as you may know I'm I've made a career out of looking for the hidden flaws and I found a few uh but this is not one that's big enough to really take the whole economy and financial markets down in in my judgment Gary when you take a look at the residential side of things today we were just talking to the CEO at redin yesterday and he was telling us that we are starting to see an uptick in inventory that things are looking a bit better from his perspective what is your outlook or how are you looking at the current trends that we're seeing play out in housing and do you think we're going to get a little bit more activity it's it's a really unusual situation in that in that uh what happened of course is a lot of people got very lowcost mortgages back before the FED started raising interest rates before the pandemic so they don't want to move because if they were moved go to a different house they get a a new mortgage at a much higher rate uh so that's really created a lot of Desire just to stay put and it's created a a artificial tightness in labor in housing markets which uh it won't continue indefinitely but it certainly is disruptive right now and and it what it means is that there is a uh that there is a a tightness in the market that the lack of inventories of used houses for sale and so on and so forth uh but again you know housing is a very interesting area people act like there's a huge inventory of people out there just waiting to move in houses well houses are just by definition houses households are formed when people move into a separate dwelling unit that's that's the official definition so you have to have all the forces and indications that want to make people do that and that includes their uh Financial ability and right now if you look at it um you know 40% or more people uh simply can't afford housing by any traditional standards given high prices and their income levels and so on and so forth so you know to sort of act like this is a this is a an evil being imposed on the American people the economics are there if people can't afford it they can't afford it but Gary you bring up a great point which is that 40% of people aren't in a position to buy a home which begs the question of whether or not the federal reserve's rate hiking cycle is having an impact on the American Consumer if they've given up on the idea of being able to buy a house anyway which is impacted by of course the real interest rate there so I'm curious then as an economist yourself what do you make of the actual real impact of the federal reserve's really aggressive rate hike cycle well the FED raised rates to slow the economy I mean you they didn't do this just because they didn't have anything else to do I mean the whole idea and and housing is uh perhaps the most vulnerable uh aspect of the economy to interest rates because it's so highly leveraged I mean you you look at an FH loan FHA loan uh you know 3% down that's a 33 and a3d times leverage so it really doesn't take much in the change in the in the price of the loan or interest rates to make a huge difference in people's ability to afford houses so it's it's a very uh it's probably the most uh sensitive area to to the FED action so it's no great surprise that we've seen this and I I say on top of that you had all these people who had the earlier low uh low rate mortgages before the pandemic so it's it's it's kind of a perfect storm kind of kind of situation and Gary going off that the conversation the debate that's really been dominating uh Wall Street now for several months has been fed policy and the timing here that we could see of that first R cut I'm curious what you think is ahead or what what you think the CPI print that we got yesterday how that is going to factor in to the fed's timing of r cuts and what you think is the likely activity here between now and year end well everybody gets all excited about when the fit is going to cut rates and you know if you go back a a month or so it was six times this year now it's down to three times which is basically what the FED has been been saying but bear in mind that the FED doesn't cut rates in a vacuum they cut rates because they see the economy weak enough that they can stand lower rates without rekindling inflation uh that's what there is it's not as though they just are up there saying oh well you know we're we're Zeus on high and we're going to cut rates because we think that'd be a good thing to do uh so you have to look at what are the circumstances here and bear in mind that the Fed was really behind the curve earlier uh you look back uh before po came in as chairman you had this series of three predecessors uh uh uh uh who were really in the in the put business the Greenspan put the Bernan put the Yellen put meaning Wall Street assumed that any problems could be put could be unloaded on the Fed so they had that he was behind the eightball and then also early in 2022 the Fed was slow to recognize the burst of inflation as a matter of fact they only started raising interest rates in March of of 2022 and that was only three months before the CPI peaked at 99.1% uh increase year-over-year so the Fed was really behind the curve and that meant that to reestablish credibility which is very important to the FED because if they lose credibility then they've got a serious serious problem but it meant that they had to be extra vigilant so I think that that's one of the reasons that the FED is going to be uh and I've been saying this for for the last year or more the FED is going to be very slow to cut interest rates the other reason is that the labor markets have not responded to the FED in terms of weakness a lot of that was because uh employers had so much trouble hiring people uh earlier during the labor shortage period that they're very reluctant to lay them off right and and that's really the Ultimate key is employment if you if you if you if you have Labor markets as strong as they have been uh this does not induce the FED to reduce rates it it produces income okay people spend the money uh that's all in good but it doesn't mean that the economy is showing the kind of restraint that the FED wants to see so I think all these things suggest to me that we're going to see the FED continue to be basically tight throughout this year |
usJd7IpUgQU | https://www.youtube.com/watch?v=usJd7IpUgQU | 2024-03-13 00:00:00 | Yahoo Finance | U.S. House passes bill that could lead to ban of TikTok | breaking news the US House of Representatives passing the bill that could lead to a ban of social media giant Tik Tock the motion passing with 352 votes compared to 65 no votes it now moves on to the Senate where we know Maddie you and I have been talking all morning about the fact that this bill faces a much more uncertain future in the Senate whether or not it's going to be able to pass that and then ultimately get to President Biden's desk President Biden has said that he does plan to sign the bill if both passes if it if the bill does pass both the house and the Senate it's interesting that they were able to do this by such a wide margin given the fact that earlier this week president Trump pushed back on a ban of Tik Tok saying that he doesn't necessarily endorse it at this time well and it's interesting hearing former president Trump kind of shift The Narrative over to meta uh having said that after this uh went through the house we are seeing some of those potential plays off this news going upward in the market here we're seeing uh Netflix meta and snap all names that Angelo Zeno from CF who was on with us earlier was mentioning could be potential beneficiary beneficiaries if there were to be a potential Tik Tock ban but I'm curious to see what happens next here because as you mentioned this has to go to Senate President Biden has said that he would sign this through once it hits his desk so it might take a little bit more time for this to fully unfold here but the last piece that I continue to be interested in is China's response a a China leader saying overnight that the proposed Tik Tock ban would come back to bite the US what does that mean for us China relations moving forward when it comes to the financial relationship between these two companies uh given that the house did move forward with this vote today yeah we know Tik Tok has said that is going to use every legal tool available to fight this if in fact it does pass the Senate as well and is signed into law by President Biden so Tik Tok really focusing on the Senate as the house uh votes to pass this bill here 352 yes votes compared to 65 NOS |
Sjrk_QQUAhw | https://www.youtube.com/watch?v=Sjrk_QQUAhw | 2024-03-13 00:00:00 | Yahoo Finance | How oil prices could move next on geopolitics, U.S. presidential election, and China | crude oil prices are climbing higher this morning as we see Ukraine damag Russian oil refineries and a second day of heavy drone attacks this coming amid reports of falling us crude stockpiles meanwhile OPEC maintaining its 2024 oil demand forecast expecting it to grow by 2.2 million barrels a day this year how are all these factors going to come together to impact oil prices moving forward joining us to discuss in studio we've got Scott bow Prosper Trading Academy CEO Scott thank you so much for being here in studio with us being here we appreciate it there's no shortage of news that I could have started this interview with this morning but I'm just going to go with Ukraine because I'm curious whether that is indicative of a trend to come if we keep seeing these um moves from Ukraine to hit these Russian oil refineries what is the impact that has that has on the price of oil yeah and I I I really believe that over the last probably year so we've had at least a $5 premium in the price of crude just due to geopolitical risk most of it coming from Russia Ukraine and then obviously Middle East as well but this has you know heightened things a little bit and then you got some rhetoric from Putin today talking about the nuclear Arsenal sort of things so I I think you have that Tailwind for crude which can happen at any time we can see an escalation at any time and we've seen this consolidation in crude over the last you know what is it 3 months four months months or so we've seen 7 you know 75 maybe 73 on the low side we're pushing up on that upper end again right now and I really think this could be the opportunity that crude is going to break through that $80 number which is really just a psychological number but it's a big one because that has been the upper band here so the geopolitical risk that is absolutely a a major major Tailwind for the price of crude if we do see a break above that $80 a barrel uh level there will what does that then mean to the upside that we could see further in price I I think you're going to see a lot of shorts capitulating in in giving in and driving the price up pretty quickly so I would Target 84 is area without any further escalation in in you know the geopolitical realm uh again you you've got the the $5 in my estimation but you've also you know you have to look at what's going on with the economy here what's going on with the US dollar and quite frankly recently the dollar has come off the those highs it's been weakening it you know we we saw it strengthen a little bit yesterday but overall that trend is to the downside as well which that gives another Tailwind to the price of crude and when we think about what's going on here State Side obviously we've got that big election coming up really rearing in the background just a little bit there how big of an impact does that have on the price of oil this year I mean it's definitely going to be a bone of contention on both sides there there will be some political fodder on both sides I would like to to think that that's not really going to play into the price of crude and I think that you know supply and demand that really is going to set the prices and the one thing we haven't touched on yet is China for the longest time right we've seen demand destruction really coming out of China because their economy is just not recovering if that starts to turn around at all which I think it's it may and I I've been very bearish on China for a long time and I see it maybe turning around a little bit that also is going to be a Tailwind for crude here so over the next you know 6 months leading into the election we have so many hot points that can really you know change the price of crude in a heartbeat I would watch that break of 80 up to 84 or so and I think that we've see a bottom a near-term bottom for a while here probably right around 75 or so which a lot of people aren't going to be happy with that yeah Scot go jilling down into one of those factors that you just had specifically China the recovery there it's hard to gauge when we were talking about timelines here but I guess is that something that you see playing out within the next couple of months or how quickly could we see that really impact for I I think we could see that over the summer and and certainly leading up into the election that could be a a hot point as well that if their economy does start to recover and geopolitics don't calm down we could be headed for higher prices going into the election which you know one side's not going to like that what's the Catalyst that you're thinking of that's going to lead to that growth in China I just think that they have been stagnant for so long that you've now they have to go up yeah you've got you've got the International Community international buyers really just almost at a point now saying you know where else can it go so I'm looking at that and I've seen that stagnation and just like we were talking about um oil when when oil consolidates or any commodity consolidates for a long time there's usually a big move a big volatile move coming out one way or the other I see that potentially happening in China to the upside Scott Switching gears here real quick got to get your thoughts on the movement that we see to the upside in Gold we had gold at record highs we've seen it give back just a bit today what do you think that tells us about how it sets us up for the pricing action here heading into that First Rate cut well I think that tells us that the community if you will the sentiment is we need some Safe Haven assets and I'm not going to compare it to bitcoin because I think that's a whole you know separate conversation here I do think that with the dollar again uh where it is right now there's a lot of money pouring into gold 2150 which is not so far below where we are right now just off of the highs I think that's a real good point where you're going to see a lot of money starting to come back in and I think we're going to break those all-time highs that we just saw sooner rather than later all right Scott power great to have you great to have you on set here today CEO of Prosper Trading Academy thanks Scott |
Kv3UudUVBCI | https://www.youtube.com/watch?v=Kv3UudUVBCI | 2024-03-13 00:00:00 | Yahoo Finance | Bitcoin hits $73,000, a new record high | Bitcoin surpassing its record high this week notching a fresh record of 73,000 after a roller coaster week for this volatile digital currency to say the least to break down bitcoin's moves for us we've got Yahoo finances very own Jared blicker here Jared what are you seeing well another record high and let's look at the price action over the last 5 days uh here we did over the weekend we came in to the week at about 68,000 we took a little bit of a dip Monday and then we rallied to just short of 60 or excuse me 72 2,000 or so and then we we sold off all the way down to 69,000 yesterday a rather dramatic reaction it looked like to CPI but now we are back at these fresh records and just looking at a longer term this is a 5-year chart where we can see these these record highs in the rearview mirror now uh a lot of people ask okay well now that we're at record highs what is the target you have big round psychological numbers so 100,000 is a real easy target there's all kinds of ways to come up with Fibonacci uh extensions and other methods with measured moves of coming up with higher uh highs that are potential higher highs than existing prices but uh probably save that for another day what I do want to show you is what's happened in the crypto Market over the last seven days uh here we have binance token left for dead but up 25% got the settlement with CZ probably in the rearview mirror Al goes up 14% Litecoin having a great wreak 10% so my point is it's not just the big guys like ethereum and Bitcoin uh that have been surging recently it's a lot of other stuff here and that was something that was missing in the runup in Bitcoin last year uh we did not have that broad participation now ethereum this is a 5-year chart similar to bitcoin but it has not yet taken out these record highs 4500 is the big number although it did pop a little bit above that and finally I just want to show what's been happening with the Bitcoin ETFs this is a huge new asset class and I'm getting a reminder of that back when GLD that is the first gold ETF launched in 2004 very similar time before that there was not a good way for retail investors to get into gold you could own uh physical gold you could do some other things but for the most part the ETF made it mainstream this is saying here two of the top five ETFs in terms of flows this year in the United States are Bitcoin and we're talking 10 billion dollar for uh ibit that's the I shares Bitcoin ETF and then the Fidelity won 6.2 billion these are just High numbers and my opinion it's difficult to see it uh not not increasing from here uh there's just a lot of momentum behind the sector and so my ETF analogy re remains GLD is to some of these ETFs now |
rIoV7zy-snE | https://www.youtube.com/watch?v=rIoV7zy-snE | 2024-03-13 00:00:00 | Yahoo Finance | Tech stocks rally ‘ripe for a pullback,’ strategist says | it's great to have you here so talk to us just about how you think Tech specifically is positioned at this point and what you make of the fact that the S&P has notched 17 record highs since the start of the year yeah it really has been a Relentless uh rally here and uh and that's great but of course we always know that that there is no you know no Market Moves In in a straight line and uh at some point soon I think we're getting uh ripe here for a little bit of a pullback I mean if you look at some of the U on the technical basis you look like the SMH versus the semic Dr ETF uh that is uh the most overbought on its relative strength index its weekly relative strength index RSI chart uh it has been in many years in fact it's it's about equal to the most overbought it's been in in a decade and the same thing for like for NVIDIA which is the most overbought on its weekly RSI chart ever um now and you know we remember last year you know Nvidia had an unbelievable year one of the best years for any stock ever and yet it still saw a 20% pullback before it rallied further so uh again I'm not saying that seeing you know suddenly a major top here but I do think we're at a level where we're probably going to see some sort of a pullback soon especially with interest rates starting to inch back up again Matt zeroing in on Nvidia what causes these slight pullbacks like we're seeing today and then what causes the quickness of the recovery that Nvidia seems to have every single time well I mean it's it's just this we it's kind of be the Pavlov's dog it just every single dip has been has been bought immediately uh and at some point soon I think that's going to change a little bit again we have whether it's you know something that's very overbought on a technical basis uh but you know we have a lot of tech stocks that are getting quite expensive I know Nvidia I mean and and you know it's 37 times forward earnings uh after its most recent rally uh but it's also a 37 times sale so that it can be still be considered expensive more importantly though I mean I understand that the the issue that where people say Nvidia is still fairly valued but Advanced Micro Devices uh smci uh uh uh uh Microsoft they're all very expensive on a on a on a on a historical basis so I think at some point soon we have to pull back uh and uh that will be normal that will be health healthy but I do think it's G be something that's going to last more than just a couple of days and just a few percent Matt what do you think of Market sentiment right now because when you take a look at the reaction that we saw play out in the market yesterday we saw another record close here for the market despite that hot inflation print that we got before the Bell is the market a bit too optimistic still that the FED is going to cut in I I I think so yes and again it's uh uh you know when you talk about sentiment we have some sentiment readings you know the a AI report which tells us about individual bullishness amongst individual Traders but also just look at the way everybody's saying that yeah but I mean that's all the the argument you keep hearing yeah Market seems somewhat expensive yeah but it's it's uh uh you know it's not as big as a bubbl as it was back in 2000 that to me is very is very concerning I remember that same argument being made back in uh the beginning of 2022 I mean just because a bubble isn't as big as it is as the biggest one of all time doesn't mean it can pull back and to be honest with you I think it would be healthy not normal and healthy for the market to pull back because every if we ever do get that kind of a h bubble uh uh kind of thing that we saw 25 years ago uh that's going to be present some major major problems so uh I do think that investors need to be very careful about chasing some of these names up at these levels Matt how big of a pullback are you expecting I think we're going to see full a full correction I think we'll see it go pull back about 10% much like we did last year remember when we saw that it's the same type of thing interest rates last summer we're moving higher moving higher no the market completely ignored it until it didn't and then finally by August uh they started paying attention and sure enough the market saw a 10% correction even though it you know obviously has gone a lot higher since then I think we're seeing the same thing now the markets ignoring those those higher interest rates uh recently but I think that once it uh uh you know now that they're starting to tick back up again after yesterday's uh inflation report they're going to have to pay attention to it more and the other thing I would just say is that once we finally see a dip of more than just a couple of days you know we see more than two to three perc people know people know that there's some froth in the marketplace they'll start to take some chips off the table so I think we you know two to three if it suddenly becomes a 5% correction it will quickly become a 10% correction just because of uh you know the unwinding of some of this fro so then Matt what is the event that causes that correction to come well we don't always need a a specific event uh and we certainly didn't get that in 2000 when when when that well again I'm not calling for a major top like we saw at that time but sometimes uh things can just roll over but I do I am concerned about number one this uh situation with the uh interest rates moving higher number two we have this meeting on Monday uh this is you know Nvidia is having their uh developers conference and uh do we get a sell the news reaction to that I mean this could be the thing that could take it even higher so I don't want to know people don't get short here that's not what I'm saying I'm just saying be careful about chasing but again remember what happened last year when with nvidia's earnings in may they reported really good earnings and the stock just exploded higher for another couple of months they exp they uh um sorry reported just as good in numbers even if even slightly better in August and yet the stock got a sell the news reaction where it rolled back over again because interest rates were moving up a little bit so be careful we see what happen early next week to see how it react to this uh developers conference it starts on Monday I've heard people describing that developers conference already as a festival for AI so I'm thinking it's probably going to be a bit of a more to come for the rally there Matt but really appreciate your insights there thank you so much Matt mey for joining us early this morning here |
1ycRAM_J18M | https://www.youtube.com/watch?v=1ycRAM_J18M | 2024-03-17 00:00:00 | Yahoo Finance | Credit card delinquencies continue to rise , but analyst says 'consumer is pretty healthy' | consumer credit is on the rise growing 4.7% in January this comes as credit card and autoone delinquencies are still Rising above pre-pandemic levels according to the New York fed here with more on the dubious health of consumer credit let's bring Advantage score CEO and president Sylvio tarz Sylvio good to see you here help us make sense of uh where the consumer is right now just based on the Credit Data you're you're pulling Brian thanks for having me on um the important key point is that the consumer is actually pretty healthy we measure credit Health by the average Vantage score and that average Vantage score is 701 through the end of January it dropped a bit of a point uh midyear last year um and you could see the credit Health deteriorating but now the average consumer is doing really well but what that masks is a little bit of a separation between consumers that Vantage score uh Prime tier which starts around Vantage score 620 that's the main area where banks are lending um that tier is shrinking we're seeing people go up or out um some are dropping into Vantage Gore subprime and others are actually going up into Vantage G super Prime and that has some pretty important implications for lenders but also some pretty important implications for an election season um what are those implications oio well I I think the key Point um as it relates to Banks is um banks have to be more picky if you look at Vantage score uh consumers dropping out of that uh Prime tier and dropping into a lower tier that means you really have to be careful about who you're underwriting to because you don't want those delinquencies that you just referenced increasing but at the high end for those consumers that are actually going up into the Super Prime tier that's great news very creditworthy consumer but the challenge is all banks want that consumer and so they're competing more aggressively to get that higher-end consumer it means more cost to acquire that customer if you're a big bank so more competition at the high end and more risk at the low end is uh how banks are looking at it if you're a politician and you're looking to get ele elected this November either in the house or uh in the White House what it means is your political message has to be attractive to both ends of the spectrum that's hard to do uh because you're catering to folks that are doing really really well and increasingly well at the I hand and also some consumers that are under pressure continued pressure because of those um uh sustained High uh prices uh due to inflation and also sustained High interest rates making credit more expensive um well I wanted to get you to dig into a little bit more where you're seeing the pain amongst those um those consumers that are falling into the subprime category you mentioned some of those pressures but kind of specifically or as specific as you can be what are we we seeing happen with those folks why are they falling down well uh the real reality is is that the average consumer uh falling out of the Prime tier is a consumer that's generally younger that is generally less affluent typically doesn't own a home and those consumers have less of a cushion to weather the economic shock um and uh the reality is if you look across consumers overall they're doing well but this segment is uh struggling and it's struggling not in just one type of loan let's say credit cards um delinquencies we're seeing increasing for credit cards for auto loans for personal loans for mortgages really right across the board and it's not just getting worse from a month-over-month basis if you compare January to December it's also getting worse if you look at it on a year-over-year basis so the credit deterioration is quite broad-based across all credit products um and also across all uh credit vintages when the loan was made and of course that's a sign for concern it's a gradual uh worsening it's not happening all at once but of course when you see that kind of broad based uh deterioration in credit quality of course that's a cause for concern and we're watching it very closely Sylvia uh should we get a couple interest rate Cuts this year do you see consumers going back to spend spending beyond their means well I think the reality is that we look at the year and um this approach that the Federal Reserve has taken of um really uh staying the course and Engineering that smooth Landing um that that is actually working um and so that's great job to the to the Federal Reserve but I think the reality is if you look at the year to come um there's definitely some some cause to concern there's going to continue to be pressure on the consumer including the low-end consumer also specifically around um student loans we're going to see that younger less affluent consumer come under uh pressure um so I think the rest of the year could be pretty bumpy um Federal uh Reserve I think is um probably going to make one cut but uh even that cut I think is uh you know under under question because there is pressure but the reality is the economy as I mentioned at the top is still doing pretty well and the overall average consumer is doing pretty well at the average Vantage score of 701 um so we're watching that um I think we're all going to be watching The High Frequency data on a monthly basis to make sure that we're not missing anything indeed and we'll have you back to go through that Sylvia good to see you thanks for joining us great to see you again Julie thanks for having me on |
i1nMxMIC_hI | https://www.youtube.com/watch?v=i1nMxMIC_hI | 2024-03-12 00:00:00 | Yahoo Finance | How Boeing concerns are impacting airlines | [Music] with just over 10 minutes left till the closing bell on Wall Street we're looking at how to navigate the big picture with the Yahoo finance Playbook Boeing's bumpy start to 2024 is hitting its customers several Airlines looking to cut back on flights and temper hiring plans citing uncertainty tied to fewer Boeing deliveries with more on the impact we're speaking with Hela Becker TD Cowen senior research analyst hey hel and it's great to see you um so we we heard from Southwest today and we've got tough language from the United CEO talking about not wanting the further out deliveries from the max 10 from from Boeing first of all sort of big picture how much of a problem is this for the industry now that they're probably not going to get as many planes as they thought yeah well it's a problem because they can't grow as much as they originally thought which I think investors when they think about it will appreciate but demand is very strong and we still have air traffic control issues especially in the Northeast and um we really appreciate the faa's um comments recently that they're working on a college to air traffic control or program but pragmatically it limit the whole idea of not being able to get the aircraft you thought you were going to get means that there's going to be a cap on jobs of course um United Southwest um and a few other airlines I think Jeff leou is in that category have all said that they've put plans to hire and train new pilots and flight attendants on hold so that limits growth and then of course going from smaller aircraft to larger aircraft um doesn't help consumers because the larger aircraft gives you a greater gives you greater comfort in the planes and it also enables growth at busy airports without necessarily adding service so all in all it really limits the opportunity for consumers and for corporates because um I've always said Julie that without a robust airline industry it's really hard to have a robust economy I think Warren Buffett might have something to say about that um I I I'm wondering you know we have the the headlines are grabbed by the 737 Max issues and we've seen problems with the 787 Dreamliner uh and other models over the last few years how much of this is just a giant Boeing Pro problem and then what does that say as to the overhang of the industry how does the industry crawl out of this yeah so I can't really comment to boing specifically because it's not in my coverage universe but I can say that from an industry perspective the airlines have done what they always do and that's adapt they are cutting their capacity growth their restructuring their order books and that's really important people don't think about that because as deliveries move to the right um You might have fewer aircraft deliveries this year say you were expecting a 100 and you only get 50 that means 50 from this year slide into next year and then at some point in the future we expect that and our analyst who cover SE does expect that they'll catch up and so maybe in two or four years you wind up taking delivery of four times as many aircraft as you otherwise would have and you have to restructure the order book because no system can handle 200 deliveries in one year versus um 50 or 100 you can probably handle a 100 which when you think about it is still one roughly a week one every three and a half four days so it's still a lot of capacity but it postpones growth and it means that um Airlines have to think their plan rethink their plans in that regard so helain if if investors are looking at Airlines right now and trying to figure out where there might be opportunity are are those that are more reliant on Airbus to supply them with planes at an advantage is that where investors should be looking right now or are there still sort of bowing heavy airlines that are good Investments yeah I think that's a good question so we have Delta and United at um as long as well as Copa as kind of our top three choices this year um Delta United kind of split their aircraft between Airbus and Boeing and Copa is an all Boeing Fleet so um and that's a Panama based Airline which um has great growth and a roughly 6% dividend yield so that's one that we we like quite a lot um but going back to Delon United our view there is that they're very well positioned to grow internationally and domestically um with the focus on larger aircraft and of course um you heard heard I think both Ed um or Glenn at Delta this morning say that I guess Ed said earlier in the week that they expect the max 10 not to be delivered before 2027 and I feel like United to something similar and that's why they've taken it out of the schedule um so I don't know that it directly answers your question but both United and Delta are are uh top picks we recently upgraded American um for the international component and and really um that's how we're thinking about it strong International demand recovering domestic people are back in the office at least four days a week these days three or four days a week and we're seeing managed corporate travel increased again so I think things are going well I just think that nobody believes it I think investors are skeptical and you know remember in the last decade pre pandemic we heard several aine managers say Airlines will never lose money again and that proved not to be too correct so I think the market is rightly skeptical but if the airlines can deliver on what they say they can I think you'll see that in that reflected in the stock prices you know over the next say 18 months or so yeah I I think we'll see Burkshire buys Delta headline sometime in the next 10 years it'll be there though all right gotta go really appreciate your time here l no worries anytime |
bUUtY5-R3K0 | https://www.youtube.com/watch?v=bUUtY5-R3K0 | 2024-03-13 00:00:00 | Yahoo Finance | Trian Fund advisor discusses Disney-Peltz proxy battle | uh Disney delivering its latest blow amid an ongoing proxy battle the company getting professional in a video criticizing activist investor Nelson pets attacking attacking pelts and his part excuse me his Partners personally peltz's Trion Partners called the video statements false and Mis misleading pointing to the stocks lackluster performance in recent years now to better understand the broader landscape and goals of such activist investor fights we are joined by Bruce Goldfarb he is the okopy partner CEO and president uh thank you for joining us here today so we talk a lot about shareholder activism here but maybe kind of give us a back story or some uh behind the scenes view of what's actually going on and why we come up with these votes and how we come up with these votes in the first place great to see you Jared great to see you again Julie activism is when investors start to say I'm not happy with the price of the shares that I own there is something that can be done to make the share price go up and very frequently that means we have ideas about the plan we believe there can be better board oversight of the company board members who can solve problems and we are seeing that in droves this year and companies like you've mentioned Disney and it's we saw it with Starbucks and we are seeing it uh just settled now with Advanced Auto Parts and then there's Norfolk Southern the the reality is activism means an investor is saying I'm going to put my mouth where my money is and I'm going to fix problems that haven't yet been addressed and we're seeing that now and shareholders are cheering it on whether it's large institutions or retail investors Bruce now if I have it right tryan is your client in this particular situation that's right so I don't know how much you can say but I'm going to ask you about it anyway um this has gotten pretty contentious right I mean in Disney with all the power of its mediaite has been on a campaign they put out a cartoon they put out some new material um in the face of that how do you advise your client to be successful when I mean and both sides have been getting a little bit personal and nasty one could say well you're you're right there's only so many things that I can discuss that we talk about in terms of strategy but let's appreciate that the messaging that Tran puts out is very accurate if you own shares of Disney you're you have lost value and that there are actions that need to be taken to restore that value to restore the magic at Disney and effectively it goes from the oversight level and it's really great when companies can talk in generalities of what they're going to do but it's about execution and that's what activism is ultimately about it's about the ex execution of a plan or the ideas that haven't been thought through and I really can't say something that Nelson and the trian team haven't said so effectively already about this Julie would there be any actions that Disney could take that would get triying to to back I mean because they have been I mean you talk about it is about execution of course they have taken some action so far well they' they've made steps towards taking action and that's why there was a prox fight last year that was pulled back but it's about follow through and what can be taken this year it seems that a lot of shareholders are saying support tryan and put some new people on the board I'd like to take a take a step back here just in general think about the role of passive investing and the role that that has uh made on shareholder votes because you have a company like Black Rock through ey shares having an incredible sway over the proxies over the the potential direction of these companies uh do you can do do activist investors consult with some of these big ETF producers and how critical is it to get them on your side that's the that's the right question because it's all about figuring out who your shareholders are how those shareholders think and how they're going to vote and so part of our job as an investor response firm is we bring our clients to these investors and we allow them to express their message and understand the process in a way where they can take action and vote now ultimately the largest institutional investors like Black Rock and Vanguard and State Street have very big sway they own big positions what's been very interesting in the last year or so is they've taken those positions and black rock has sort of had this this concept of allowing investors to make their voting choice and so we're seeing institutions who manage money with black rock making their own voting decisions we're seeing individuals now go out and make their vot choice if they care about the process the Big Challenge always is with retail shareholders how do you get them to overcome their apathy and vote and so part of what we do is we reach out to the retail shareholders and you talked about messaging you talked about cartoons and video and social media we're making phone calls we're sending letters we're working through with social media to reach out to people to get them to vote on the behalf of companies we do it on behalf of companies lately we've done it on behalf of of investors as well so I because I'm curious about that because there was a story today in the Wall Street Journal about more Americans than ever owning stocks but they're not voting to your point and traditionally I have the sort of concept in my mind of companies not necessarily wanting people to vote they make their their shareholder meetings in obscure places it's difficult to get to it's not as accessible has that improved in your view well it's changed so for example meetings aren't always in obscure places they're right on your computer uh very few companies now actually have a live meeting and in some instances that's maybe a change in the system that that's imperfect on the other hand every shareholder can figure out a way to attend the meeting the key is not attending the meeting the key is to express your opinion and vote and you're also correct that individuals are largely apathetic toward voting and when institutions owe most of the shares maybe it doesn't matter but when you have certain companies that are widely held owned by individuals um you know 20 30 40% of the shares each of those votes matter and it becomes critical to get the message out and we've seen changes in how we reach out to people but we've also seen changes in how they have the ability to vote there's more online voting with a proxy fight you have Universal proxy card so you can pick exactly who you want to be as your your nominee Bruce good to see you thanks for coming in appreciate it thanks |
WUQ7rwpWL7Y | https://www.youtube.com/watch?v=WUQ7rwpWL7Y | 2024-03-12 00:00:00 | Yahoo Finance | Higher interest rates are impacting the consumer, corporations, and the government strategist says | majority of analysts price in fed Cuts in June following today's higher than expected inflation data our next guest is warning that we can't expect a soft Landing just yet Jeff klingelhoffer is thorberg Investment Management head of investment and he says the longer the FED Waits the bigger the risk and he's joining us now to explain so you got the floor my friend I think this fasc the conversation's just been fascinating right I agree completely next week is an incredibly important fed meeting but really it's just a continuation of what the FED has already been telling us they have to see inflation come down a prerequisite to their own belief of seeing inflation come down is they have to see the consumer weaken and as part of that they have to see the unemployment rate move up so the big story that we've been facing for the last year and a half now and continuing into 2024 is the resiliency of that consumer but when you peel back the onion you see all sorts of signs that just don't make sense and they don't jive with the very high level strength that we're seeing so you see a Divergence in in the household employment survey versus The Establishment survey right they in very different directions gross domestic product GDP versus gross domestic income telling two very different pictures but the one that I can't square and I think really points us that the consumer is in a much weaker spot than we're being led on to believe is well yes employment remains strong they're depleting Co stimulus they're continuing to consume but they're taking on more debt in order to consume and they're defaulting on that debt at a higher level and that's usually one of the leading indicators to a fallen sentiment and and ultimately Market stress okay so following on our back following on our our conversation we just had do the dots go to one cut this year and if they do and what you say is true how alarming is that I think it'd be very alarming but I don't think that they do next week right the FED also has a tenuous balance they're trying to get inflation to come down the miraculous soft or even no Landing what we're what we're currently pricing as a market and I'll give it to the FED they've been successful thus far in doing exactly that but they themselves know that the economic textbooks that we all studied we all learned from the Alchemy of low interest rates is over higher interest rates are having an impact it's not only having an impact on the consumer it's having an impact on corporations as well right their borrowing expenses are increasing it took a lot longer to get there than we would have imagined as companies termed out their debt but the exact same side on the deficit financing side the government's balance sheet is also having an impact right there's over1 trillion do of debt that has to roll over this year that's more than a third of GDP and so all this comes to culmination the FED has a very difficult balance they're not ready to signal that to the market but they will uh we've seen Powell he's switched gears a number of times he's pivoted a number of times historically and pretty quickly um I'm just wondering do you think the potential is still there and the reason I'm asking he he has been channeling his inner vulker for some time now um and then you look at the charts of the 19 7s of vulker where you got that double dip like that well we're at the we're at the bottom we've we've done one do we get another so I guess you're my question for you is do you think you look at the inflation data today have we seen the worst or are we accelerating to the upside because that kind of informs everything we're talking about here with respect to the fed well just to continue the conversation using a sports reference myself I'm a tennis player right I think what the FED is trying to do is is to avoid the unforced error or the footfall right they're starting to see and most inflation metrics that you focus on we're lapping the easy side of inflation and to your point we're coming back into much tougher sides right so uh energy inflation is actually going up the average consumer is feeling that pain and I think that's exactly why while I don't expect the Dot Plot to move next week in coming months I I do expect it to because inflation will remain firm we're seeing that we're firmly anchored at 3% and we're not going to continue to go lower if anything it might actually start to move higher so what does all of that mean for where the Market's going and where you should be because you sound a little more defensive than some of the folks we've been talking to how are you expressing that yeah I I I don't term it necessarily defensive in terms of saying we're absolutely heading towards a recession but the signs are there but it doesn't match up with Market valuation right so pees are near all-time highs right credit spreads are near alltime tights we combine that with there are emerging signs of weakness in the consumer there are signs that corporations where there was just a survey out this morning small businesses plan to hire at a much lower rate than they have been in the the past and this has real impacts on the economy and markets and so where I am is really playing defense for our investors on the equity side focusing on companies with big Moes around their businesses focusing on defensive dividend playing uh companies primarily within the Euro Zone and international space and on fixed income taking advantage of that inverted yield curve where you can get 6 7% relatively easy and in very defensive portfolios all right Jee thank you yeah well we have to leave it there but a lot of great insights so thank you for helping us continue that fed discussion as always |
AGOETDXY3tM | https://www.youtube.com/watch?v=AGOETDXY3tM | 2024-03-12 00:00:00 | Yahoo Finance | Apollo Global Management reached out to Paramount about a deal: Report | talk of a Paramount takeover back in the news private Equity Firm and we should disclose our parent company Apollo Global reportedly reaching out to the media giant about a potential deal that's according to axio Alexander Canal has been following these developments I me we're saying it's back in the news I feel like it never left right know I was like has it left I feel like we've been talking about this but this is a new name to be thrown in the ring there have been a lot already that have been talked about yes there's been a lot of reports a lot of discussions and conversations we don't have anything concrete yet but according to this axio report Apollo did reach out to a special committee that Paramount has formed when it comes to a possible deal there they reportedly discussed either a possible takeover or asset purchase now experts have told me that private Equity there's a lot of cash sitting on the sidelines they have a lot of capital to deploy and they're looking to do that in strategic ways Apollo is not the only private Equity Firm whose name has been flown flown around there there's also KKR redb bird Capital uh we have David Ellison's production company Sky Dan media along with media MoGo Byron Allen he's reportedly interested uh on the linear Network side of the business and then Warner Brothers discovery that was a very big company that was mentioned potentially to combine with Paramount those talks have since stalled according to axios but we'll see potentially that could pick up again and it's really a big question mark for Paramount when it comes to the future of its business it has a lot of debt it's struggling with its stock price we did reach out to with Paramount and um Apollo Global for comment they did not have any for us today so just a continuing Saga Continuing Story and then of course there's a regulatory question right if there is a deal that comes down the line will that receive approval so you know just another day in in the world of media yeah exactly |
rkoD6jiHg3w | https://www.youtube.com/watch?v=rkoD6jiHg3w | 2024-03-12 00:00:00 | Yahoo Finance | Why a strong economy could impact Fed rate cuts and stocks | last Friday's job report continuing signs of strength in a labor market many were expecting to cool in 2024 now economists are feeling increasingly better about the outlook for economic economic growth and for more we're bringing in Yahoo finances Josh schaer so what do you got on deck for us here yeah Jared so a couple of economists coming out and raising their GDP forecast after last Friday's jobs report taking in basically now that we have several months of stronger than expected waiver data they think that that's providing perhaps a higher floor to where we could fall in economic growth overall this year and what you're looking at right now is the overall consensus projections we have projected quarter over quarter growth from 0.6% for the first quarter that's now up to 1.8% again that's quarter over quarter GDP growth for the first quarter but a pretty massive move there guys and this has been sort of the theme for the overall economic data that we look at this year it hasn't just been economic growth that shifted from consensus it's also been inflation expectations when you zoom back to months ago the broad consensus on Wall Street was inflation's falling faster than we expected we're going to get a Fed rate cut in March and we might get six rate Cuts this year well now we're redoing that forecast as well inflation's may be stickier than we first thought and we're also redoing the Fed rate forecast right we're now looking at possibly June maybe three rate Cuts maybe less but the key takeaway from that right now is markets have held up that's what we saw in the market action today I know miles was making this point earlier but essentially looking at this and taking away that we're going to get three rate Cuts seems to be okay for investors right now for the moment you know Jeff gling Cofer was also talking about the conundrum here that that the economy has defied expectations that it's puzzling what exactly is going on and he was talking about some of the signs that the consumer might be slowing down so I'm curious when you're reporting what are some of the risks that are still being flagged yeah I mean I would say honestly Julie the biggest risk it seems like people are finding right now would be the over all macro risk that the economy keeps outperforming so we don't get a Fed rate cut and then people are still concerned that the the lags the the lags are going to come eventually those long ands if we keep if we keep the restrictive policy there people are going to keep waiting for the lags right and I think that's the main concern is there's no signs of economic growth completely falling off a cliff right now yes there are signs and maybe a weakening consumer but there's not say labor market signs that are flashing yellow or maybe even flashing red at this point people's concern would be if this strong economic growth stays and so the FED doesn't cut it all this year what does that eventually do and also from a stock perspective what does that do to a lot of these stocks that people sort of have baked in that we going to get at least a rate cutter two right some of these soft Landing trades and the broadening out we're seeing is counting on some level of the FED cutting at least a I got to tell you if you're if you're a stock I pick on pelaton too much but if you're pelaton and you're holding out for that Fed rate cut as the one that's going to get you back to break even from three years ago it's not going to happen but Josh we got time for a little bit more what's on your radar for the rest of the week anything you're watching in particular or writing about I think it'll be interesting to take a look at PPI as well Jared right we know that that sort of reiterated what we saw in CPI last month do you see that sort of carry through and then the other takeaway I had from today that you guys were talking about as well we were just talking about the potential broadening out or not broadening out I mean today we just saw another tech Le rally what do we see we have three more trading days left this week what do we see do we see further signs of broadening or are we going back to complaining that Tech is leading the S&P 500 higher and no one wants to buy it was literally Tech because people say Tech consumer discretionary throw it in communication Services it was literally only Tech today Nvidia up 7% Jared I mean that's all it takes we can just cover Nvidia for two hours we pretty much do we have Josh I'm sure we will again thanks a lot Josh |
fj-7-2GOSGw | https://www.youtube.com/watch?v=fj-7-2GOSGw | 2024-03-12 00:00:00 | Yahoo Finance | Bill to ban TikTok faces an 'uphill battle': Axios reporter | [Music] the house is voting on a bill that gives Chinese company bite dance an ultimatum sell Tik Tock or face a ban in the United States but How likely is it that bite dance will sell who would take control if it did here to help us answer these questions is axio Protech policy reporter Maria curri and Maria um there's been some reporting now also that bite dance says it's going to fight this if the bill does indeed get ped but you know I think there are a lot of questions about how this would all play out even if the bill does get passed so what are you hearing absolutely so they have already been fighting this um to be clear they have creators I'm here on Capitol Hill where I am now just outside uh the House of Representatives lobbying against this and speaking out against this um and they've been meeting with lawmakers as well they will continue to do so tomorrow um and even though this bill has moved very quickly through the house it was just introduced and passed out of the committee level last week um now it's being expected to pass uh tomorrow it still faces a long road ahead in the Senate and then even if President Biden does sign it into law which he has indicated he would um it will immediately be challenged by uh tick Tok and bite dance in all likelihood and then it would get caught up in the courts likely delaying that 165 divestment period that uh B bag dance has to sell Tik Tok and then from there we can get into the different companies that um have been floated as potential by buers um there are some that would make sense uh beginning with Microsoft if we remember under the Trump Administration when um former president Donald Trump tried to force dester through an executive order um he actually gave by Dan 45 days so much less than 165 days but as we know that did end up falling through U let me ask you what are the legal differences between that executive order that President Trump issued way back in the day and this bill it's this would be a law passed by Congress what kind of weight does that carry versus the executive order and just for the general uh I guess just generally thinking about the likelihood of it actually coming to pass right so um an executive order legally is flimsier than um a law passed by Congress an executive order could be reversed just by the the next incoming president um that being said we have seen that at the state level legislation has pretty immediately faced um Court challenges um I'm talking about Montana which did try to ban Tik Tok and it me that was frozen it never went into effect and it's going through the courts right now um this bill is different from the Montana Bill its sponsors are arguing that it's not an outright ban it's a divesture um requirement but uh it still faces constitutionality concerns First Amendment concerns um and Bill of attainer concerns whether or not you can um come after an individual or a group of individuals without trial um even then if it does clear all of those concerns there are questions about antitrust and if another social media company were to purchase this um app is that a monopoly concern um and uh you know China could also come in and and try to stop this and block it so it definitely faces an uphill battle but um this is still the the most energy we have seen since Tik tok's CEO Shu testified before the house to get something done so it is notable um and Maria let's say that it did pass and that there wasn't a a divestment and there was an attempt to actually ban it I mean we saw this play out in Montana to some extent and then there were some legal challenges but technologically how would it even work to ban an app that's a great question so the the primary concern right now is with the data itself like us data and and whose hands it's in and Oracle right now has control in its cloud services of American data um that hasn't been enough to um please lawmaker concerns that the Chinese government could still step in and have all that data be you know transferred over to uh China um but it is in the hands of Oracle right now that's a 1.5 billion investment that bite Dan and Tik Tok made into or Oracle and so another question question is what company is going to want to continue that um and Oracle itself is another potential buyer um that has been floated they haven't come out and said anything but they are seen as a a viable candidate all right a lot to chew on there thank you for stopping by Maria cury thank you |
uviz4ZxS45U | https://www.youtube.com/watch?v=uviz4ZxS45U | 2024-03-12 00:00:00 | Yahoo Finance | Equity markets 'looking for the first cut possibly in June,' strategist says | let's widen things out once again and talk about what's going on in the market today with stocks higher as inflation pressures remained persistent in February now with the tension shifting back to J palal investors are trying to map out when that First Rate cut may be coming for more let's bring in Liz Young Sofi head of investment strategy hey Liz it's great to see you hello good to be here so you know you looked at these numbers this morning and I have to say you might have expected to see quite a different Equity Market outcome with those numbers coming in a little bit hotter than estimated so what happened what I think is going on right now and I don't want to say that the macro data doesn't matter it certainly does matter but I think Equity markets are first and foremost queuing off of what Jerome Powell sounded like last week he sounded pretty doish he sounded like they were still planning on cutting rates at some point this year which is what we were expecting and if you look at the FED funds Futures they didn't really move at all regardless of the fact that CPI came hotter than expected so still looking for that first cut possibly in June and still looking for about three cuts by the end of the year so that didn't change much at all when you look at what the numbers were we got some hotter CPI numbers in January we've heard the explanation that this is seasonal this happens in the beginning of the year so I think we had a little bit of a buffer to expect slightly hotter numbers than what the survey said but like you said the odd reaction here is that you've got Tech leading today so that that sector that's the most interest rate sensitive on a day when yields are up in response to inflation data and the other thing I would point to is the Fed cues off of inflation expectations as well because the last thing they want is for inflation to become entrenched and the way that they measure that one of the ways they measure that is by looking at inflation expectations and a way that you can measure inflation expectations is by the break even rates and if you look at the 2-year Break Even rate it's gone up more than 75 basis points since the end of November that is a really big move the five and 10e rates haven't moved much but that two-year rate has gone up quite a bit so that means that inflation expectations are rising and the risk here I think really to the equity Market is that the FED has more stamina a higher threshold for pain than stocks do so people keep buying and what if the FED says we're not ready to cut yet because the data doesn't tell us that it's the right time it Liz fascinating comments then so let's think through to the next fomc meeting where do you see the dot plots landing and how do you think Powell will characterize what what will be the tenor of his tone will it be hawkish doish uh is he going to have to walk back some of the expectations that have been built in for these rate cuts which remain today well luckily for him they haven't given many concrete expectations about those rate Cuts they've been intensely vague about what they intend to do and I think that's been on purpose and that's been the safe route he's continued to say that phrase of we need to feel confident that inflation is on a sustainable path toward 2% what we're seeing in the data obviously CPI is different than pce but what we're seeing in the data is that it's plateaued so it's not necessarily going back up at a concerning rate but it has plateaued we had this huge drop off of peak inflation and now we're at this place where I I heard the joke recently that last F that last five pounds that you're trying to lose is always the peskiest and that's where we're stuck and the thing that's keeping it stuck there is Services inflation now we can explain some of that away by saying it's all shelter it's everything in the housing market that's skewing it and that's such a lagged effect and some of that is true but we're starting to see other little pockets pop up as problems something like auto insurance we've never talked about auto insurance being an issue before and now suddenly auto insurance is an issue so I think what we're going to see for the next few months is inflation data that isn't as promising perhaps as we were hoping it would be and I think Powell is going to have to acknowledge that but to be fair I think he has acknowledged that and the market just is choosing to decide for him what we think the FED is going to do later in the year yeah Liz I like that last five pounds analogy too it's a little more provocative than the last Mile right like why is it so hard to do the last mile we know it's hard to do those last five um so if that okay so if inflation is going to be more persistent if we're going to hear maybe more talk from the FED about that what effect does it then have on your Investments right what effect does it have on risk assets for example which as you noted are still doing pretty well today right well and today may end up just being an anomaly sort of a strange reaction in the market on on the idea that the economy is still strong yes inflation has come down but we can withstand it and absorb it what's interesting about what's happened even since last October is as we continued to push rate cuts out stocks still did okay they still in the face of that did okay so if the idea was that things had fallen into October due to the idea that things were getting worse or because rates had risen again it turns out we ended up absorbing it just fine I don't know how long that can last again I go back to my earlier comment I think the fed's stamina is stronger than the market stamina here but the way that so far the market has tried to withstand It Is by rotating and now that's not happening as today but rotating out of some of those very obviously crowded trades very obviously overbought certain stocks or even certain themes or sectors or whatever the case may be and rotating into other parts of the same sector so maybe out of really big cap Tech that's seen a good run and into some of the old school Tech that hasn't kept up as much or rotating into more cyclical sectors that have lagged for the better part of the last 12 months so that's how the market has been digesting this and still showing strength and that's where that broadening out narrative has come from as well Liz I'd like to S stick with this broadening out narrative and talk a little markets and further sector action you mentioned um a couple of uh a couple of sectors broadening out from the tech rally materials as one two healthc care as another financials Industrials there have actually been a broad-based of support here from some of these other Industries I'm just wondering what you happen to like or see as potential in particular th those are definitely the ones that have proven the broadening out narrative the healthcare one has been there for a while and I think that's much more of a thematic move the weight weight loss drugs and everything that's happened along that vein but materials Industrials Industrials have had a really nice run uh materials I think are responding to the idea that inflation isn't in fact falling or that we don't have deflationary pressures and that perhaps the economy is stronger which means that Global demand should stay stronger energy has come off the map a little bit and then you mentioned financials so I think some of that is that rotation back into okay what if we are more mid cycle than late cycle what if the economy musters through this and we manage to have that soft Landing or at least solidify that soft Landing in which case cyclicals should do well uh coming out of that and should survive any little contraction that we may have so I think that's part of what's going on here what you do want to see though is that investors and this has happened investors come in when we see little pullbacks and buy different things and that shows us that okay we didn't have to rely on seven names in the index to carry us all the way through the year now maybe we can look to other sectors to pull some of their weight the concerns that I still have are that I still believe that we are more late cycle than midcycle I believe that we're in a period where this is a very elongated late cycle perhaps the longest one that we've lived through but I still believe that there's late cycle Behavior going on and the the big question is are we seeing late cycle Euphoria driving markets upward or is this more of an expansionary phase that you would see early or midcycle I think we're seeing a little bit more late cycle Euphoria which you could also call something like the fomo trade |
ODJx_xwT2r0 | https://www.youtube.com/watch?v=ODJx_xwT2r0 | 2024-03-12 00:00:00 | Yahoo Finance | MicroStrategy executive chairman explains why he's bullish on bitcoin | well despite declines for Bitcoin today micro strategy shares well they're higher TD Cowen raising its price Target on the stock to 1560 that's $1,560 after micro strategy increased its Bitcoin Holdings by another 12,000 Bitcoin the total Holdings about 205,000 now joining me now micro strategy executive chairman Michael sailor Michael it's good to see you it's been a little while thanks for having me julan so I want to start I know that you're were bullish on bitcoin I think everyone knows by now that you see a long-term um store of value in Bitcoin and you have said that you see it as digital property as opposed to thinking it as a digital currency so if you could help me understand as you add more to the company's balance sheet what the sort of end game is for those Holdings on micro strategies balance sheet yeah well we think Bitcoin is the highest of property it's the Apex property in the world and it's um it's the best investment asset so the endgame is to acquire more Bitcoin um whoever gets the most Bitcoin wins well I no other iname but Michael I guess what I'm trying to understand is so if I think of it as digital property and I think of analogies right I think of a real estate company that buys property and holds on to other kinds of property they may not be the Apex but whatever kinds of property I think of an asset man manager that buys all kinds of different assets eventually they sell those assets in order to make profits but I I don't think that is your end game right you're not planning to sell the Bitcoin at any point so kind of what is the purpose of it over time well um let's keep in mind the the fundamental principle what what's the use case of Bitcoin it's it's Capital preservation so if you have a billion dollars and you live in South America or you live in Asia you live in Africa and you want the capital to last for a hundred years you're not going to want to buy a billion dollar company or a billion dollar building or a billion dollars of land in any place in Africa you're going to have to find some other form of property that you can hold for a long period of time uh let's take New York City uh developers of New York City in 1776 didn't have an endgame uh they've been raising Capital to invest in New York City real estate at the all-time high for 300 years if you went and talked to them today and you said what's your endgame they would say well we're going to keep investing in New York City if you've ever talked to a person that owned an apartment in New York City no one aspires to hold the apartment for a few years sell the apartment and move out of New York City they put it in their will they give it to their children and if you ask them why they say there's no better place on Earth to live than New York there's there is no place up from there so New York City is the ingame uh for people that uh that want to live in the greatest city in North America Bitcoin is the endgame for anybody that wants to own the greatest property in the 21st century well I I guess that is the case but you know at is there a price at which you would consider selling some of the Bitcoin pulling out so I mean because you don't you can do something with New York City you can live in New York City you can have a business in New York City you you know what do you do with the Bitcoin besides it just gather value well um the proper real estate developers in New York City uh they're not buying the real estate because they want to live in it they're buying the real estate because they expect because they want to sell it eventually Michael I mean let's be honest most of the people who are yes sure some people pass it on to their children but like most of the people who are buying assets at some point want to sell the assets at a profit so I let me let me say it a different way people that use fiat currency as a store of value there's a name for them we call them poor okay uh anybody that's rich in the world they own property they own they own large waves of land the royal family of England it didn't sell all of its property in central London in order to buy uh you know currency or paper money nor did the royal family of uh of Japan nor did the royal family in the Middle East in fact they they want to own the property forever I I I want to want you to imagine Bitcoin is it's a city in cyers space that 276 blocks wide 276 blocks high 276 blocks deep about 21 million blocks now imagine all eight billion people in the world want to live there one day they want to put their Capital there there's $900 trillion do of of wealth in the world as people migrate from uh from every other form of property and they assets into cyberspace you're going to see the Bitcoin Network go from a trillion dollar Network to a 10x that to 100x that and there really is nowhere else to go it is the Apex property of the human race so at some point as the value of the Bitcoin on micr strategy balance sheet grows both because it's growing in absolute terms and maybe you're adding more to it do you at some point down see being able to use it to transact to invest in the business to pay out a special dividend to investors to buy other businesses we we believe that the that the highest best use of capital is to buy Bitcoin and hold the Bitcoin the Bitcoin is going to appreciate and value faster than the S&P index it's going to appreciate and value faster than commercial real estate and so there there's no point and selling the winner to buy the losers and Bitcoin is the winner and so we're just going to keep acquiring Bitcoin with our cash flows with uh with Equity or Capital raises uh any other any other uh a creative uh method that comes to mind um something else I've noticed as I've talked to different investors different analysts is that micro strategy is actually trading at a pretty steep premium to bitcoin itself according to to one analysis that I saw today as much as 90 to 100% premium to bitcoin is that is that justified and and why do you think it's Justified right now uh an Institutional Investor that wants to buy Bitcoin has a choice of uh investing in the ETFs of which you know Black Rock and Fidelity and are very well known or investing in some other company that has a Bitcoin strategy like micro strategy uh you could think of the ETFs like uh like oceangoing container ships they can carry huge amounts of capital you can invest a billion dollars a day in the Black Rock ETF so they could they could take on hundreds of billions of dollars of capital they're not going to trade at a premium but what they don't have is performance and leverage micro strategy is different because uh our Capital isn't you can't redeem our shares so it's possible for our shares to trade at a premium we're an operating company and that means when our Shar is trade at a premium we can either raise Capital through convertible debt or through Equity when we do that we're doing it at a premium to the underlying assets that captures uh an accretion for our underlying shareholders so following uh a debt deal where we swap the debt for Bitcoin our common stock shareholders have more Bitcoin per share than they did before the deal so another way to say that is if you want to pay 25 base points and be one to one levered then you would buy the ETF but if you actually want to generate an accretion or a yield and not pay the fee and have leverage then you would buy a stock like micro strategy you could think of us as like uh we're like Air Freight we're Federal Express we can take you faster but we're never going to carry the same amount of capital in our payload as a super tanker or a container ship so there there's place for both of those strategies and in fact they're very complimentary I think the ETFs benefit from the existence of companies like micro strategy and micro strategy benefits from the existence of the ETFs yeah certainly we've seen um an uptick adoption with the the introduction of those ETFs um you mentioned the convertible offering um I am curious because it's not the only offering you've done of course you've done others as a way of investing in more Bitcoin what happens if the price goes down again precipitously what happens to the capital structure structure of micro strategy well you can see uh if you look at our past there have been periods uh during the crypto winter when Bitcoin went from 66,000 all the way down to 16,000 uh in that case we simply hold the Bitcoin instead of being 20% levered we become 40% or 60% lovered um the and the way that we raise the capital is using convertible debt and so the convertible debt is an is a unsecured uh instrument is not Mark to Market it doesn't come due except in four or five or six years from the point that we issued it and uh it's not secured against any other kind of capital so we don't have to actually do anything we just wait uh for the market to recover and and that's what we did uh in 22 and in 23 we recovered and our shareholders benefited from the deleveraging as Bitcoin rallied in the other direction ction |
rVp3tSMN4us | https://www.youtube.com/watch?v=rVp3tSMN4us | 2024-03-14 00:00:00 | Yahoo Finance | How to reach your short- and long-term savings goals | well according to data from Vanguard group a record 3.6% of workers tapped into their 401K Savings in 2023 as hardship loans amid High inflation continued now typically early withdrawals come with a 10% tax penalty from the IRS plus income tax on that money you withdraw so for more on how to manage today's Financial emergencies without jeopardizing your future savings let's bring in Mary Ryan vanguard's senior financial advisor thank you so much for joining us today so talk about this record share of withdrawals that we've seen from people coming out of their 401ks how much of why do you think we're seeing that given some of the penalties that can come with hardship withdrawals thank you so much Michelle looking forward to talking with you today um that is a stat that has come out uh it is not really my area of expertise here at Vanguard but I will say this when looking at your retirement accounts looking at your plans there are opportunities that perhaps you could take advantage of should you need the money but most importantly is you want to save that money too uh so let's talk about some of those tips uh to get started on the right footing Mary um you know is Americans sort of consider what their budget is right now how much of that should they be setting aside for savings I think it depends on the goal so when looking at savings there you could have different goals you could have a shorter term goal like for example want to buy a house or you need to get a new car things want to plan a trip things like that and that's a shorter term goal if you're looking for your long-term goals such as Retirement and you have a 401k or a 403b you want to make sure that you do at the very least make sure that you're hitting your match that is usually offered within those plans it's important though to make sure you pay attention to what your goal is regardless so you stay focused on on it and you make sure you're doing what you need to do to get there and Mary of course we are in this season where people are getting their bonuses getting their annual raises it can be hard to create better habits when you haven't already got them in place what should you do if you do come into a chunk of money or or cons a considerable raise in your income so like anything else one of the things I suggest to people and I think whether it's a a bonus or particularly a raise in income things like that many companies will allow you to go ahead and you get your paycheck it comes in you know full paycheck right into your your checking account but they also may allow you to say let's put some money aside in just a separate savings account so you don't have to think about it so now you've got this extra money from a bonus or you've got extra money for your salary you just put it aside automatically that also plays in again into perhaps increasing the amount that you're putting into a retirement plan make sure you take advantage of that as well but to be disciplined about it and I keep going back to the same theme but knowing your why knowing why you want to save that money and to be very very clear about it as to when you're get why you're saving that money Mary you talk about sort of reassessing your budget I mean this is one of those things where I think Americans look at their budget monthly and say what are the areas that that are most variable the areas where you can actually cut I mean when you're advising clients what do you tell them as they sort of look at their monthly expenses so I I I tell them to get out a spreadsheet you know an Excel spreadsheet and write down and put in there every place your money's going everything not just your regular bills but let's say you usually take your lunch but you went out to lunch instead every single penny where is it going so that you can look at that and really understand the outflows and if you can look at that and understand those outflows more and there's certain things you can control like that lunch or that cup of coffee things like that it adds up and to pay attention to where the money where you're spending your money and it isn't just on bills usually and Mary to that point with keeping inflation in mind sometimes you know what you originally budgeted for something the cost of that may change considerably over time what are some of the best ways to sort of keep refreshing your financial plan and your the really the framework that you have there so that you can still meet the cost of living and contribute to your savings yes so exactly like you're saying whether it's inflation or some Bill comes in there's always some darn thing that's going to get you out of whack and make sure you're you know that you sort of have to readjust how you're saving and what you're doing I'm going to go back to the goal pay attention to that because that will help you to maybe again peel back on something else a little bit but at the end of the day when you have some money coming in save it separately have it Go in separately as we talked about before but you are there's always going to be something that is going to get in your way but if you stay focused on it and pay attention to it and pay attention to your dollars and as I say every little bit makes a difference in what you're spending and what you're putting out there so maybe you don't go to lunch maybe you change a few things you don't get that cup of coffee and Mary if you do get a chunk of money you're like look I have student loan debt but I also want to save but I also want to not miss out on some of the rallies that I've seen in the markets how should people prioritize what to do first so that they can make the most of their savings and not be tempted to sort of funnel everything into one thing when they really should be paying off perhaps something that's a highin credit card exactly to your point um if it's a highin interest credit card or you do have debt I would strongly encourage starting to whittle that down the best you can again some some of that money that's coming in perhaps you can put it towards that retirement 401k plan just a little bit more in there but again you're exactly right you want to pay down that high debt uh that that's going to cost you a lot in those interest rates so pay attention to that if there's opportunities for you and looking at that debt and being able to say if I put a little bit more in there perhaps it'll take it down a bit further maybe I can refinance it things like that but today's rates it's it's tough the rates are high but and they're very difficult especially if you have that credit card debt so I would encourage spending that down to paying that down as much as possible |
7_xdFi1lVms | https://www.youtube.com/watch?v=7_xdFi1lVms | 2024-03-12 00:00:00 | Yahoo Finance | Rep. Moolenaar talks TikTok bill, China’s influence, and national security concerns | Congress and Tik Tock tensions heighten the house set to vote on Wednesday in a decision that could lead to a US ban of Tik Tok Congress is targeting the video app amid concerns of the platform's roots in China and security risks to us users joining us now is Republican congressman John molar who is a member of the China select committee good to have you here with us today representative first and foremost here I mean we're hearing about a lot of ticktockers calling into offices is is your office one of them and and what are you able to to give to some of those users who are trying to you know lend their voice to this broader vote that's taking place well sure and yes we are definitely hearing from users and it's important to note that this legislation does not enact a ban on Tik Tock in fact that is something very clearly that uh Tik Tock actually put out a push message with uh inaccurate information and now we're getting people uh respond in to that so what this does is requires bite dance which is the CCP uh Chinese Communist Party Affiliated company that is the owner of Tik Tock it requires them to sell Tik Tock to some kind of a another um entity so it can't be an entity that is a foreign entity of concern whether it's Russia China uh North Korea Iran it has to be someone who wouldn't uh be considered a foreign adversary and so what this does is gives them six months to sell uh or they can choose not to but then they would uh basically disqualify themselves from the US market congressman and sha here it's great to see you thanks so much for taking the time to join us former president uh Donald Trump yesterday voicing his opposition to a possible ban I'm curious just what you're hearing from your colleagues and whether or not you're at all worried that this could impact its success in the house tomorrow well I think president Trump is certainly raising his concerns about Facebook and uh his concern that that uh B dance would sell Tik Tock to Facebook and that Facebook would even become more powerful I don't see any evidence for that happening uh I think that you know Tik Tock is going to uh be sold to whoever is the highest bidder uh and I think there will be a number of entities who would be interested in purchasing Tik Tock uh this legislation is very similar to what president Trump did in his last year of office raising these National Security concerns about Tik Tock and uh so I think it's very consistent with his policies I understand uh uh you know he's not a fan of Facebook and their involvement in the previous elections uh but I think this this is legislation that will stand on its merits uh based on the National Security interests of our country then Congressman there's also the legal questions of this just in terms of raising Free Speech issues I'm curious how you're looking at that and whether or not you're making the argument that the national security threat that should hold a little bit more weight than some of these Free Speech issues well yes it's a great question and clearly free speech is something that's protected and we are not in any way addressing ing uh content with respect to Tik Tok we are we are simply raising uh the concerns about conduct when you look at the Chinese Communist Party who really has influence over Tik Tock when you consider that they floated spy balloons over our country they've hacked our databases for federal agencies like the Department of Commerce they intimidate billions of people in their own country uh they have done that through secret police stations here in this country uh they have bribed officials so what we're talking about is regulating uh and protecting the American public from conduct based on the Chinese Communist party and their influence with bite dance the parent company of Tik Tock a for sale of Tik Tock there are only few companies that could actually afford that price tag to what extent would then regulators kick the tires on or just look at this deal and look at the potential suitors and say okay this actually goes up against deals that we would even consider letting through what is the likelihood that a deal would get through even if forced well when you consider Tik Tock has uh 177 million users in United States uh it's a very attractive lucrative business business um you know I think that's kind of a hypothetical situation where until they put it on the market they don't know who would be interested in buying but it certainly has been a successful thing it has many of our children uh addicted to it um and we're simply trying to say uh we do not want a foreign adversary to have that control over the data the information of American citizens and uh this is a national security issue considering the conduct of the Chinese Communist party and their nefarious activities in the United States as well as around the world what on the data front would need to change even if Tik Tock was sold to a US party well people would still be able to access their own data that would be a requirement of this legislation that you know people's videos or information that they have with they would still be able to access that and so I think the users would not see any difference what this simply does is enforces at the level of U the host for the app uh the people who sell the apps uh they would have to be mindful of not allowing one of these foreign entities of concern to to have an app like this uh active in the United States and so uh it really from the user standpoint I don't think they would see any differ Congressman just following up real quick where we started the conversation with Brad asking just what you or if you had been hearing from some of your constituents I'm curious just how you're looking how you and your colleagues on both sides of the aisle are looking at how this could ultimately impact the general election in November well you know we're not looking at it from a political uh consideration we're looking at it from a national security situation and again this is a recognition of our adversary the Chinese Communist party and and what they're doing to influence uh um this country what they're doing uh to secure data and biometric data all sorts of information that they could use for military purposes and for other reasons and so uh I think that as the general public becomes more uh aware of the threat from the Chinese Communist Party they'll understand this as a necessary safeguard um this is a strongly bipartisan bill that passed out of the Energy and Commerce Committee unanimously and that rarely happens in Congress and it's supported by groups like The Heritage action as well as uh you know leading Democrats so it it's something that I think uh is a consensus around the need to protect us from the Chinese Communist party and uh and make sure that Americans data is protected and um so I think you're going to see bipartisan support for this and I think people uh will not as users see a significant difference in their activity all right well we do know previously that it was companies like Walmart and Oracle that were interested in buying Tik Tock and a host of others that fell off earlier than that so we'll see um if this does move forward which companies would then make themselves known congressman John molar thanks for taking the time today thank you thanks for having me |