Transcripts For FBC Bulls Bears 20240714 : vimarsana.com

FBC Bulls Bears July 14, 2024

Lets go to susan lee who is outside the apple event. You have been there all afternoon what are some of the big take aways for us . Well, i can tell you that apple has a big array of Services Hardware and software coming our way. Lets start off with tim cook taking the stage today to present to us a lot of new new goods when it comes to tech and shocking the market in technology and media by telling us when the apple tv plus service is come, which is november 1st. Tv plus service is coming, which is november 1st. So much cheaper than anticipated, 4. 99 a month, thats cheaper than disney plus later on released this year, 6. 99. And netflixs popular package coming in at 12. 99 a month. You get the streaming service for free if you buy an iphone, ipad or mac. That hurt shares of Netflix Disney and roku. They launched a new streaming service as well. It still is all about the hardware. The iphone 11, the base price here is 700. You get a pro which comes in at a thousand dollars. A pro max for 100 more. Whats special about the new iphone . You get triple cameras, when it comes to video and shooting. Three lenses of wide, photo and extra wide. Its been exciting. Also the ipad, i cant keep everything they have announced but it will be a busy Christmas Season for them. Back to you. Thanks. Our guest is joining us now. We need to talk about the share price disney, netflix, roku all dropping after apple announced details of its apple tv plus. Do you think it will dominate this place, in your opinion . No. No, i dont. I think that that business has surprisingly few barriers to entry, and that in the long run, all the dollars are going to flow to the talent. It is a good time to be a hollywood writer. It is a good time to be an actor or somebody who can deliver reliable product. There are not barriers to entry in that space as you used to see. Media economics used to flow from captive distribution, and in the streaming business, there isnt any of it. So it is not really a very good business. It is bad news because as big deep pocketed entrants come in, it means they will compete on price and on dollars out to artists. It is not good Financial News for them. By the way, as you watched apple stock price today, it is not good Financial News for amle either apple either. On these event rollout days, apple stock never really spikes. It is when you start to see the rush, when the things go for sale. Lets talk about some of the hardware and some of the other services. They talked about arcade, the gaming tab they have. I personally like they are bringing back frogger which is more our era, i think. [laughter] give me a sense of what spiked your interest in all of the issues that were rolled out today by tim cook and company. I will tell you what spiked my interest, i have gone from being what i would call a begrudging admirer who is not always, you know, not a big fan of the companys technology, but a huge fan of the way that theyve of just them as a Great American company, to increasingly thinking that were seeing something of a corporate village. If you watched that presentation today, and i got to watch most of it, it was a huge amount of flashy videos and very little product substance. So youre seeing these tiny incremental changes. If i said to you guys hey when was the last time you remember a really exciting microsoft product roll out . And the answer is wow, its been like a decade since they move a needle with anything. Thats whats starting to happen like theyve done the big innovations. Now they are trying to play around a very crowded, very Competitive Services field, and theyre making little incremental changes that i dont think are going to move the needle with consumers. I dont think it appears to me that they are following a very longstanding cycle in the technology industry, where, you know, what happened to whats happening to apple is what happened to microsoft. What happened to microsoft is what happened to ibm before it. And i dont think thats thats not a place i would want to be as an investor. To kristinas point earlier, my wife is an icon on wall street, im used to being in conversations with women who are smarter than me. On this show im very comfortable with all the intelligent ladies out there. It feels like home to me. [laughter] i want to ask you a question about apple. Agree with you, i dont think they will be able to compete with house of cards or disneys content, but they can buy something, nfl rights, espn increased their Subscriber Base when they had the payperview earlier this year, all for espn plus, that to me where apple can move. Full disclosure im an apple shareholder because of the Services Business. They have 1. 3 billion people that have apple devices around the world. Is this enough . Do you think this is where they will go to get into live sports . Oh i think i dont know about the live sports piece. Theyve definitely got the cash to do anything they want to and to be a big player in it. But thats sort of not the point. The point is if its going to be competitive. It is not like they are competing against little guys. They are competing against disney, netflix, and so the question becomes what do they have to pay to be competitive . As you pointed out they could buy rights, and yes, they could, but can they make money . Or does that game its a competitive business in a way that television when it was Just Three Networks wasnt because nothing stopping the next entrant from rolling into that business either and bidding up the price for talent oar for rights even further. Dave, im really excited about the fact that they have got three cameras because if we havent had enough of anything, its people taking selfies. So im really glad that were going to get bunch more people taking selfies in slowmo and everything. Back to the services piece, it seems to me they havent really penetrated what they can do with this huge ecosystem. I mean, theyre basically falling back on things like streaming and gaming, but this ecosystem has so much more value to potential advertisers to provide discounts and do all these different things. Are you as diggs appointed disappointed as i am with their approach to the Services Business . I think it is like it was the News Business and everything that is the internet, google and craigs list and ebay, all of that was the newspaper industrys for the taking, and they fumbled it away. You could argue as you just very effectively did, that there is this, you know, valuable ecosystem to be had or maybe it was to be had, but apple didnt make the play for it at the time, and could apple be netflix right now . Probably, but they arent. And now theyre coming from sort of a weak sister third position. Certain advantages sitting underneath that they can play to, but, you know, would i make that would i bet on them to be a winner in that . On what basis . Where have they shown they are the titan of services . I dont think they have. Can we talk hand sets for a second . Iphone 11, entry price 699 says to me that apple is feeling some pressure, some competition to bring in that lower hand set, lower priced hand set into the marketplace and that troubles me. What do you think of it . I think thats right. I mean, you know, again, it just goes back to theres an increasing level of commoditization of technology. I mean, it feels to me like we have reached a point with hand sets that we were at with personal computers, maybe 2007 or something . Where the next thing comes out it is like thats nice, but you know what . I think i will wait till my hard drive dies before i do that. On this one i think it is i will wait till i drop it in the toilet, you know. It is not like oh my god give me that third lens. Okay, thank you dave maney, the no longer begrudging admirer of apple. Thanks for joining us. Thank you. Shares of chipotle dropping r more than 6 on news of new york city lawsuit against the company. Mayor de blasio will join us on set in a fox business exclusive to talk about his beef with the restaurant chain. Mixing this weeks democratic president ial debate and much much more. Plus john bolton is out. President trump firing his National Security advisor this afternoon. We will discuss the details and the fallout with National Security expert james carafano, next. 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Fisher investments fees are structured so we do better when you do better. Maybe thats why most of our clients come from other money managers. Fisher investments. Clearly better money management. A big shakeup at the white house today. President trump tweeting this, i informed john bolton last night that his services are no longer needed at the white house. I disagreed strongly with many of his suggestions, as did others in the administration. And therefore, i asked for his resignation. Now, bolton claims that he offered to resign last night, but trump told him to wait until today. Now joining the panel is the heritage foundations National Security expert james carafano. Great to see you. What do you make of what happened today . He was supposed to show up at the press conference. He didnt. It almost seems like mnuchin and pompeo were gloating a little bit about this resignation. Your thoughts . Im broken up. I feel like theres been a split. [laughter] when trump hired bolton, they both knew they had different goals in Foreign Policy, but the reality is, as maybe as kind of a hatelove relationship that was, they did a lot of really great Foreign Policy over the year and bolton helped trump move the ball down the field. If you look at being tough on iran, embracing Boris Johnson on pushing for brexit, a number of issues where bolton really helped move America First Foreign Policy down the field. I understand why they feel it doesnt work anymore, but they did some good things in the time they had together. Im going to wait for the album. [laughter] jim, it is carol ross. Were hearing some rumblings that ambassador rick grinell might be one of the names thats being floated in consideration. Can you walk us through some of the top names and what they might bring to the position . Yeah, honestly i think it is speculation. People have been tossing out names for months as they have watched this kind of dance between pompeo and bolton and trump. I dont know what to put on any of that. If you look at the chronology and sequence, i dont think trump has started thinking seriously about this till about 11 00 this afternoon. I imagine trump will do what hes done in the past on these things, which he will call a number of people he trusts. He will call jack keane. Weve already heard now calls hr mcmasters his former National Advisor and others, he will ask for peoples input. Number one he wants somebody that hes comfortable with, not a yes person who just says do what i say, but, you know, somebody that he likes working with because they spend a lot of time together. It is a High Pressure situation. But he also wants somebody that will deliver and be effective. We will see where he goes on that. You mentioned mcmaster, flynn in the mix, and acting director kellogg in between, bolton, three official guys in three years. Who is in charge now . What kind of message is this sending abroad . Your reactions are amazing. Thats an easy question. You know, donald trump has always been the decider in chief and its always been Donald Trumps Foreign Policy. If you look at that, you know, we talk about the actions of adults. Things are only okay and they are not falling off the rails because we have mcmaster and we have maddis and john kelly and of course they are gone and the policies are still the same. The president is the decider in chief. Reagan had a very chaotic including one of having the iran contra scandal, he plowed through a lot of National Security advisors and it was a fairly chaotic process. We remember reagan for brilliant arms control victories and really managing the cold war really well. Focus on the outcomes not the process. Thank you very much for that jim. Meantime staunch trump critic and liberal billionaire george soros now giving the president some rare praise. What he says is the president s greatest achievement now. Should other democrats give him credit as well . With sofi, get your credit cards right by consolidating your Credit Card Debt into one monthly payment. And get your Interest Rate right. So you can save big. Get a nofee personal loan up to 100k. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. What might seem like a small cough can be a big bad problem for your grandchildren. Babies too young to be vaccinated against whooping cough are the most at risk for severe illness. Help prevent this talk to your doctor or pharmacist today about getting vaccinated against whooping cough. Talk to your doctor or pharmacist today hey, who are you . Oh, hey jeff, im a car thief. 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Liberal billionaire george soros is now praising President Trumps china policy, writing in the wall street journal oped today the greatest and perhaps only Foreign Policy accomplishment of the Trump Administration has been the development of a coherent and genuinely bipartisan policy towards xi jinpings china. Jackie, is all of this proof of the president s tough stance on china is working . Well, i think the soros oped is certainly an endorsement in terms of what the president has dont with trade here. A lot of people dont want to acknowledge that its had an impact on china and certainly they are coming to the table now. It seems like they were squirming a little bit. When you look at the stock market, it really genuinely does believe that theres possibility to form a framework of a deal here and that it possibly could come, you know, before the end of the year, that these conversations that are taking place are good. At the same time, on the flip side of that, when the market then expects something, if you dont deliver it, you raise those stakes, and the market doesnt get it, the down side could be very sharp as well. Carol, im sitting here thinking george soros is complimenting President Trump . Has the earth stopped rotating on its axis here . [laughter] the point is i think he was very specific. George soros says that he feels it is very important to keep a thumb on huawei, the technology and Telecom Giant because of the spying that is allegedly happening with the equipment that huawei sells to the u. S. However, he also made it very clear he really hopes the President Trump doesnt use it as a bargaining chip and then give huawei a break. That is something that you really have to look at. Huawei is either a National Security threat or it is not. That is completely separate from using it as a bargaining chip in an

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