WEBVTT - SpaceX and Tesla Explore Merger! 0:00:00.390 --> 0:00:02.509 And good evening. We're getting right down to business here 0:00:02.529 --> 0:00:04.710 at Live at 5, the Abba Dabba Dew Time here 0:00:04.730 --> 0:00:07.040 in Los Angeles, all part of the great weekday lineup 0:00:07.050 --> 0:00:10.040 here in 790 KBC, including the John Phillips Show with 0:00:10.080 --> 0:00:13.080 Randy Wang from noon to 3. Dan Bongino back with 0:00:13.140 --> 0:00:15.760 us here in 790 with the Bongino Report PM. And 0:00:15.780 --> 0:00:17.720 it's great to be back with you live at 5 0:00:17.720 --> 0:00:22.050 here on MoTak on Money, streaming live online worldwide at kbc.com. 0:00:22.460 --> 0:00:27.670 And your on-demand MoTak on Money podcast at kbc.com, Apple iTunes, YouTube, Spotify, 0:00:28.070 --> 0:00:32.510 all of your favorite podcast platforms. Breaking news this afternoon, 0:00:32.590 --> 0:00:37.300 Tesla stock moving higher in after-hours trading after Tesla CEO 0:00:37.380 --> 0:00:41.020 and SpaceX CEO and pretty much CEO of the world, 0:00:41.080 --> 0:00:43.860 CEO Elon Musk, revealing that the company is engaging in 0:00:43.920 --> 0:00:48.500 merger talks with SpaceX. Elon Musk saying on SpaceX's third 0:00:48.900 --> 0:00:52.379 quarter earnings call just a little while ago that both 0:00:52.440 --> 0:00:55.530 the rocket launch company and the EV maker Tesla had 0:00:55.590 --> 0:00:59.330 created special committees now made up of independent board directors. 0:00:59.750 --> 0:01:03.220 to explore a possible merger. Elon Musk, as CEO and 0:01:03.260 --> 0:01:07.179 a major shareholder, of course, in both Tesla and SpaceX, 0:01:07.200 --> 0:01:10.760 has not officially clued into the talks, he said. Shares 0:01:10.840 --> 0:01:14.240 of SpaceX moving higher here in after-hours trading, up more than, 0:01:15.080 --> 0:01:18.650 let's see, up more than $ 10, looks like for SpaceX, 0:01:18.650 --> 0:01:22.010 $ 158 and change. Tesla had moved up today, up nearly 0:01:22.010 --> 0:01:28.590 $ 6 at $ 370, $ 371. SpaceX stock moving higher after the 0:01:28.630 --> 0:01:32.069 company announced revenue grew 161%, by the way, in the 0:01:32.110 --> 0:01:35.450 third quarter. Elon Musk also said that SpaceX and Tesla 0:01:35.950 --> 0:01:38.690 had formed special committees to discuss a merger, and we 0:01:38.730 --> 0:01:43.550 saw the stock move higher following that announcement. The overall 0:01:43.569 --> 0:01:47.140 stock market getting a boost today on slightly lower oil prices. 0:01:47.170 --> 0:01:49.250 The Dow came in for a closing gain of 530 points. 0:01:49.300 --> 0:01:52.580 The S & P 500 up 22. The Nasdaq slipped 6%. 0:01:54.390 --> 0:01:57.450 Oil prices ended the session slightly lower, with oil in 0:01:57.490 --> 0:02:01.370 New York quoted down nearly 2% on the day to 0:02:01.370 --> 0:02:06.010 101 and change. Higher in London, that Brent crude, that 0:02:06.250 --> 0:02:11.290 global benchmark's been hovering around $ 109 a barrel. The earnings 0:02:11.350 --> 0:02:14.210 parade continued, by the way, today, with shares of Netflix 0:02:14.270 --> 0:02:18.399 moving down more than 5%. After Netflix reported third quarter 0:02:18.440 --> 0:02:21.560 revenue that was pretty much in line with analysts' expectations. 0:02:21.960 --> 0:02:26.290 Sales came up 12% year over year. We'll be keeping 0:02:26.310 --> 0:02:30.270 an eye on Netflix here. On the Iran war, President 0:02:30.290 --> 0:02:34.110 Trump slamming Iran as peace talks remain unclear. The Iranian 0:02:34.150 --> 0:02:37.210 foreign minister says Iran and Russia have never worked as 0:02:37.310 --> 0:02:42.010 closely together as they are now. Secretary of State Rubio 0:02:42.030 --> 0:02:44.570 accusing Iran of attacking commercial ships in the Strait of 0:02:44.590 --> 0:02:49.190 Hormuz and targeting civilian crews. On another front, President Trump 0:02:49.210 --> 0:02:52.750 warned the president of Ukraine of consequences if he refuses 0:02:52.790 --> 0:02:56.430 to negotiate an end to the war with Russia. We're 0:02:56.450 --> 0:02:59.780 following all these headlines closely and we'll discuss what's happening 0:02:59.800 --> 0:03:00.660 with the retired U.S. 0:03:00.700 --> 0:03:01.280 Marine Corps. 0:03:01.320 --> 0:03:04.840 Lieutenant Colonel Harold Kempfer, former Marine Corps intelligence officer and 0:03:04.880 --> 0:03:07.820 currently host of the Strat podcast. Colonel Kempfer will be 0:03:07.840 --> 0:03:11.060 joining us live later this hour. On the economy, we 0:03:11.080 --> 0:03:13.440 have a lot to talk about, including the announcement by L.A. 0:03:13.460 --> 0:03:17.800 Mayor Karen Bass today. announcing plans to allow LADWP customers 0:03:18.240 --> 0:03:20.470 to pay what they can afford right now. That's what 0:03:20.500 --> 0:03:23.990 she said. She's also asking the LADWP board to pause 0:03:24.030 --> 0:03:26.669 shutoffs of power through the end of the year for 0:03:26.710 --> 0:03:31.130 customers facing eye-popping bills after the recent record heat wave. 0:03:31.230 --> 0:03:34.430 I'll discuss that and more with prominent local economist Kevin Clouden, 0:03:34.910 --> 0:03:38.820 fellow at the Milken Institute in Santa Monica. But first 0:03:38.920 --> 0:03:41.220 on your money, the markets, the economy, and the whole 0:03:41.260 --> 0:03:44.380 works now, SpaceX, Tesla, and you name it. Joining us live, 0:03:44.420 --> 0:03:48.080 Daniel Ives, partner and senior managing director, tech analyst at 0:03:48.120 --> 0:03:53.620 Yorkville Ives, highly sought-after expert around the world, world traveler extraordinaire, fashionista, too, 0:03:53.650 --> 0:03:58.550 with his own clothing line at Daniel Ives, or danives.danivesclothing.com, 0:03:58.570 --> 0:04:01.990 that is. Best-dressed guy on Wall Street. And, Daniel Ives, 0:04:02.030 --> 0:04:04.610 thank you very much for taking the call here this afternoon. 0:04:05.650 --> 0:04:06.950 Yeah, great to be here, Frank. 0:04:07.570 --> 0:04:10.530 All right, take it from the top on the big SpaceX, 0:04:10.850 --> 0:04:14.150 Tesla news. Give us your reaction today. to the earnings 0:04:14.210 --> 0:04:15.250 call this afternoon? 0:04:17.089 --> 0:04:20.739 Yeah, I mean, look, we've thought this was over an 80% 0:04:20.740 --> 0:04:25.120 chance that SpaceX and Tesla would ultimately merge. You know, 0:04:25.140 --> 0:04:28.500 and I think Musk talking about it, I think confirms, 0:04:28.600 --> 0:04:31.420 I think it's a matter of when, not if. And 0:04:31.480 --> 0:04:34.469 if you look at SpaceX in terms of what they delivered, 0:04:35.170 --> 0:04:39.490 massive results that just show they're turning this into a hyperscaler, 0:04:40.150 --> 0:04:42.170 and that's good news for the rest of tech. 0:04:43.800 --> 0:04:46.460 How do you see this playing out then, now that 0:04:46.690 --> 0:04:49.130 Elon Musk says it's a good idea, I believe is 0:04:49.170 --> 0:04:53.250 exactly the way he said it, and they've formed committees now. 0:04:53.610 --> 0:04:55.030 How do you expect this to play out? 0:04:57.010 --> 0:05:00.670 Yes, sir. I think the committees are going to have 0:05:00.690 --> 0:05:04.390 to ultimately look at essentially what's the price, like what 0:05:04.470 --> 0:05:08.500 price would work for shareholders. Does it make sense? There'll 0:05:08.510 --> 0:05:11.400 be some back and forth, but I think it really 0:05:11.440 --> 0:05:15.060 just comes down to terms, in terms of where this 0:05:15.100 --> 0:05:19.620 gets bought. Because for Musk, it makes so much sense 0:05:19.680 --> 0:05:22.340 that this is all under one roof. And I think 0:05:22.380 --> 0:05:26.589 it's part of the broader vision that he's always had, 0:05:26.610 --> 0:05:31.169 to have all that AI technology essentially under one company. 0:05:31.190 --> 0:05:35.070 All right, so we're seeing SpaceX stock move higher in 0:05:35.170 --> 0:05:38.950 after-hours trading. As well as Tesla, by the way. Tesla 0:05:38.970 --> 0:05:42.930 shares up about $ 7 now at $ 3. 80 and change. SpaceX 0:05:42.970 --> 0:05:46.979 stock up more than $ 10 at $ 1. 58 and change. What 0:05:47.000 --> 0:05:48.440 do you see ahead for those stocks? 0:05:50.400 --> 0:05:55.120 I see bullishness. We'll get Tesla tomorrow, but Tesla really 0:05:55.200 --> 0:05:58.620 right now, they're trying to convert to an AI player. 0:05:59.880 --> 0:06:01.480 This is all part of the vision that they would 0:06:01.520 --> 0:06:05.920 do themselves. as well as obviously be accelerated in terms 0:06:05.960 --> 0:06:09.390 of the merger potentially with SpaceX. But when you look 0:06:09.430 --> 0:06:13.930 at SpaceX itself, I think this is a seismic number 0:06:14.130 --> 0:06:15.849 for the rest of tech. If you think about the 0:06:15.890 --> 0:06:19.450 jitters this week, core weave, and just what we see 0:06:19.510 --> 0:06:22.130 in terms of the tech trade, you need to see 0:06:22.190 --> 0:06:26.680 validation from the hyperscalers, validation from big tech. And that's 0:06:26.760 --> 0:06:29.900 essentially what you saw front and center from SpaceX. 0:06:31.470 --> 0:06:34.430 The other big news related to SpaceX, I think it's 0:06:34.450 --> 0:06:37.150 pretty significant. Elon Musk says he's going to give SpaceX 0:06:37.190 --> 0:06:41.110 stock to every kid in America. How's that going to work? 0:06:43.300 --> 0:06:45.520 Yeah, well, I mean, obviously it follows sort of the 0:06:45.580 --> 0:06:49.460 Michael Dell model, what he's sort of laid out. But look, 0:06:49.520 --> 0:06:52.280 and then even the amount of anthropic in terms of, 0:06:53.040 --> 0:06:55.120 you know, they talked about in terms of some of 0:06:55.140 --> 0:07:01.090 the founders, their sort of donation to, you know, public good. Look, 0:07:01.150 --> 0:07:05.260 I think it speaks to just this environment that we're 0:07:05.300 --> 0:07:09.440 seeing where first time in 30 years, the US is 0:07:09.500 --> 0:07:12.920 headed to China when it comes to tech. And these 0:07:13.000 --> 0:07:16.520 companies that are leading it, I think it's the right 0:07:16.580 --> 0:07:21.450 move because also it speaks to even the political environment 0:07:21.530 --> 0:07:25.090 where the average person wants to make sure that when 0:07:25.130 --> 0:07:28.430 it comes to AI, it's not just about the billionaires. 0:07:28.510 --> 0:07:31.570 I mean, you've talked about it. more jobs would be 0:07:31.670 --> 0:07:35.450 created by AI than taken away over the next five years. 0:07:36.690 --> 0:07:40.050 On the air live with Daniel Ives and leading tech 0:07:40.110 --> 0:07:43.070 analyst here, live with us on the air here, tech 0:07:43.130 --> 0:07:47.240 analyst at Yorkville Ives. And obviously it's a busy week 0:07:47.340 --> 0:07:50.420 for tech earnings. You mentioned Tesla tomorrow. What do you 0:07:50.440 --> 0:07:51.020 expect tomorrow? 0:07:53.700 --> 0:07:58.660 Well, I think it's, What we see for Towson's broader tech, 0:07:59.180 --> 0:08:03.600 I think it's all really about them converting into much 0:08:03.740 --> 0:08:08.770 more of an autonomous player. CyberCab, the fleet, really to 0:08:08.810 --> 0:08:12.430 kind of see this transition into much more of an 0:08:12.570 --> 0:08:16.090 AI player. And I think that's why the stock's underperformed, 0:08:16.110 --> 0:08:19.910 because they're in this sort of air pocket stage. But 0:08:19.930 --> 0:08:22.860 I think tomorrow is a big step forward, and that's 0:08:22.880 --> 0:08:23.740 what I expect to see. 0:08:24.950 --> 0:08:29.600 All right, following that impressive demonstration recently where the Tesla 0:08:29.800 --> 0:08:33.920 flew around with jets, that was pretty impressive, right? And 0:08:34.540 --> 0:08:37.280 what do you expect the follow-up to be with that? 0:08:39.780 --> 0:08:46.250 Yeah, look, I think it's important because this is, look, 0:08:46.290 --> 0:08:51.110 it's a pivotal time to ultimately really show in terms 0:08:51.190 --> 0:08:56.410 of this AI race who's ahead. And I think investors 0:08:56.510 --> 0:09:00.860 are sort of looking for to try to figure out 0:09:00.960 --> 0:09:03.079 who the winners are from the losers. And I think 0:09:03.140 --> 0:09:06.060 it's this tech earnings season that's going to play. And 0:09:06.120 --> 0:09:08.839 not just from Tesla, Meta, and many others. 0:09:10.220 --> 0:09:15.090 Right. It was jets or rocket, probably rocket thrusters, right, 0:09:15.130 --> 0:09:19.390 that were around that car. So that rocket car that 0:09:19.410 --> 0:09:22.390 flipped around there, that was very, very impressive. And Any 0:09:22.429 --> 0:09:24.959 other insights as to when you'll be driving one of those? 0:09:26.400 --> 0:09:29.880 Well, if the roadster, look, I think the roadster, again, 0:09:30.059 --> 0:09:32.700 it's not necessarily moving the needle in terms of numbers 0:09:32.740 --> 0:09:36.180 right now, but 2028, like, first of all, that shows 0:09:36.250 --> 0:09:42.390 the synergies between SpaceX, Tesla. And, again, I can see 0:09:42.429 --> 0:09:47.770 MoTeC driving that thing around L.A., Beverly Hills, 2028. I mean, 0:09:48.290 --> 0:09:50.910 that is something I think it's a matter of when, 0:09:50.980 --> 0:09:51.360 not if. 0:09:52.720 --> 0:09:55.900 That's amazing. And the police then will have to get 0:09:55.920 --> 0:09:59.070 their own rocket vehicles. The police chases of the future 0:09:59.090 --> 0:09:59.970 are going to be very interesting. 0:10:02.010 --> 0:10:05.510 Exactly a little sort of night rider modern day. 0:10:07.130 --> 0:10:09.290 All right what about uh the other big names that 0:10:09.320 --> 0:10:12.580 you're following this week uh anything else what about netflix 0:10:12.600 --> 0:10:15.520 with its earnings and that sector that's been under so 0:10:15.559 --> 0:10:19.550 much pressure with uh with Skydance stock having a rough 0:10:19.950 --> 0:10:24.330 debut on Wall Street now that the merger has occurred. 0:10:24.730 --> 0:10:26.949 What about that sector here? 0:10:28.970 --> 0:10:32.210 Yeah, look, I think when it comes to Netflix, like, 0:10:32.929 --> 0:10:37.709 strong numbers, but competition's rising. You know, you try to 0:10:37.750 --> 0:10:40.950 understand the ad business in terms of what that ultimately 0:10:41.530 --> 0:10:43.429 will sort of play out and look like. And I 0:10:44.010 --> 0:10:46.880 think good numbers, but maybe Street was hoping for more 0:10:47.380 --> 0:10:49.640 But when you think about Paramount and you think about 0:10:49.679 --> 0:10:54.260 just rising competition, I think that right now for Netflix, 0:10:54.280 --> 0:10:57.489 for the first time, obviously, in so many years, you're 0:10:57.530 --> 0:10:59.150 really starting to see competition. 0:11:00.510 --> 0:11:03.970 Looks like Skydance did move higher today after the recent 0:11:04.230 --> 0:11:08.110 sell-off of $ 0. 30 to $ 7. 0:11:05.950 --> 0:11:07.030 10. 0:11:07.030 --> 0:11:11.420 What are your thoughts on that one and also Netflix? 0:11:13.460 --> 0:11:15.239 Yeah, I mean, Netflix, we. 0:11:16.920 --> 0:11:20.870 We, of course, like Netflix longer term, just near term 0:11:20.880 --> 0:11:23.989 because of the ad business. We continue to be like, 0:11:24.350 --> 0:11:27.510 I'd rather own other tech names than Netflix here, especially 0:11:27.670 --> 0:11:32.229 AI exposed ones from Meta to Microsoft to Tesla, SpaceX. 0:11:33.190 --> 0:11:36.610 In terms of just skydance, just everything we see here, look, 0:11:36.650 --> 0:11:39.910 I think it all comes down, everyone's trying to figure 0:11:40.070 --> 0:11:42.270 out what this is going to look like from a 0:11:42.350 --> 0:11:47.860 content perspective. I think it's It definitely feels like there's 0:11:48.020 --> 0:11:50.099 optimism in terms of what this is all going to 0:11:50.140 --> 0:11:53.510 look like. But then it comes down to execution. In 0:11:53.570 --> 0:11:57.530 a deal like this, that's where I think investors need 0:11:57.570 --> 0:11:59.250 to see from Allison and everyone. 0:12:00.510 --> 0:12:04.040 Looking at Netflix here, after hours moving lower by nearly 0:12:04.040 --> 0:12:09.459 $ 4 at $ 64 and change. That was Daniel Ives, partner 0:12:09.480 --> 0:12:13.780 and senior managing director, tech analyst at Yorkville Ives. Of course, 0:12:14.260 --> 0:12:18.179 world traveler extraordinaire in the fashionista, too. You've probably seen 0:12:18.200 --> 0:12:22.559 him on CNBC many times. Very well dressed at danibesclothing.com. 0:12:23.059 --> 0:12:24.740 So we'll try to get Dan back on the line. 0:12:24.760 --> 0:12:27.960 If not, we thank him very, very much and appreciate 0:12:28.280 --> 0:12:30.450 the time that we had today. The Dow coming in 0:12:30.490 --> 0:12:32.220 for a closing gain today of 530 points at 52,495. 0:12:32.210 --> 0:12:33.490 The S & P 500 of 22 at 7,713. And 0:12:33.530 --> 0:12:45.460 the Nasdaq slipping six points today at $ 26, 425, the yield 0:12:45.500 --> 0:12:48.360 on the 10-year note, which we've been watching closely lately, 0:12:48.500 --> 0:12:52.059 at 5.11%. I was going to talk to him about 0:12:52.500 --> 0:12:56.260 the cryptos here. We're watching Bitcoin at the moment, just 0:12:56.280 --> 0:12:57.809 shy of $ 83, 000, $ 82, 900. ETH at the moment at $ 2, 448, 0:12:57.470 --> 0:12:58.870 and DOGE hanging in there at $ 0. 0:12:58.630 --> 0:12:58.750 08. 0:12:58.750 --> 0:13:00.810 And now the latest on your ride this afternoon here 0:13:01.010 --> 0:13:16.370 on 790 KBC. The Attack on Money continues here at 0:13:16.390 --> 0:13:21.449 790k ABC, recapping our top story. Tesla and SpaceX could 0:13:21.470 --> 0:13:24.689 be merging someday. Tesla shares as well as SpaceX shares 0:13:24.750 --> 0:13:28.929 moving higher after Elon Musk revealed that companies are engaging 0:13:28.950 --> 0:13:33.910 in merger talks. Tesla and SpaceX continuing the conversation here 0:13:33.970 --> 0:13:38.650 now with top tech analyst Daniel Ives, senior managing director, 0:13:38.690 --> 0:13:42.100 tech analyst at Yorkville Ives. Dan, thank you very much 0:13:42.140 --> 0:13:45.280 for coming back to the line here. Another thing that 0:13:45.320 --> 0:13:48.460 might have come up in the earnings call SpaceX had 0:13:48.520 --> 0:13:50.880 is the telecom aspect. Remember, it was just about a 0:13:50.900 --> 0:13:55.390 week or so ago that the legacy wireless and telecom 0:13:55.429 --> 0:13:58.570 companies took a hit as SpaceX announced it had reached 0:13:58.630 --> 0:14:03.329 a deal to acquire a nationwide low-band spectrum license portfolio. 0:14:03.350 --> 0:14:05.070 What about that part of the story today? 0:14:06.200 --> 0:14:08.720 Look, I think if we were on Starlink, maybe the 0:14:08.780 --> 0:14:14.360 call wouldn't have dropped, right? I think, look, but this 0:14:14.400 --> 0:14:19.460 speaks to, like, Musk is not stopping here. Like, when 0:14:19.500 --> 0:14:22.120 you think about where this is all heading, I mean, 0:14:22.140 --> 0:14:25.120 you see it in terms of, you know, obviously where 0:14:25.300 --> 0:14:28.940 so many fleets, United, American Airlines. But when it comes 0:14:28.960 --> 0:14:31.660 to telecommunication, like, they're going to, it's going to go 0:14:31.740 --> 0:14:34.800 after the carriers. I mean, that's the next step. 0:14:36.580 --> 0:14:39.470 On the air live with Daniel Ives. And it looks 0:14:39.490 --> 0:14:43.330 like we see both SpaceX and Tesla shares moving higher. 0:14:43.350 --> 0:14:46.210 What kind of action are you expecting tomorrow with these names? 0:14:47.890 --> 0:14:51.020 I think they'll both be up big because look, I mean, 0:14:51.040 --> 0:14:54.320 there'll be some arbitrage in terms of the complications with 0:14:54.340 --> 0:14:58.320 the deal, but I think it's 80 to 90% that 0:14:58.600 --> 0:15:02.590 SpaceX and Tesla ultimately walk down the aisle and, you know, 0:15:02.630 --> 0:15:05.650 probably over the next six months. And I think, you know, 0:15:05.770 --> 0:15:10.490 it's all going to be now the analysis to see 0:15:11.310 --> 0:15:14.870 if that happens. And I think very likely what that 0:15:14.930 --> 0:15:16.210 price is for Tesla. 0:15:17.370 --> 0:15:20.460 All right. Right now, Tesla shares are moving higher by 0:15:20.530 --> 0:15:25.160 about 650 or so after hours and SpaceX up about 0:15:25.160 --> 0:15:31.900 $ 10 in after hours trading. What about Tesla and SpaceX 0:15:32.060 --> 0:15:35.720 and crypto. Has Elon Musk said anything about Doge lately 0:15:36.100 --> 0:15:37.480 or anything crypto related? 0:15:38.820 --> 0:15:41.980 No, but I will say, I mean, I think in 0:15:42.020 --> 0:15:45.440 this risk on that we're seeing play on, you know, 0:15:45.480 --> 0:15:50.960 I think it is positive for crypto. And I think 0:15:52.700 --> 0:15:55.400 we've seen a lot of volatility, not just in crypto, 0:15:55.420 --> 0:15:57.190 but just what we see in terms of, you know, 0:15:57.210 --> 0:16:00.489 obviously sky high oil prices, what's happened with the 10 0:16:00.490 --> 0:16:04.780 year But this is important in terms of this risk-on trade, 0:16:04.840 --> 0:16:07.580 not just for tech, but I think ultimately what we'll 0:16:07.620 --> 0:16:10.440 see for crypto as well, which is sort of, I think, 0:16:11.060 --> 0:16:14.560 at technical levels, that could see it go a lot higher. 0:16:15.660 --> 0:16:19.420 All right. We saw that nice bounce for cryptos recently. 0:16:19.680 --> 0:16:21.780 Some of the air has come out. Bitcoin right now 0:16:21.820 --> 0:16:24.210 hovering at around just below 83K ETH at around 24.48, 0:16:24.200 --> 0:16:26.060 Doge at 8 cents. What's the outlook here on the cryptos? 0:16:32.150 --> 0:16:35.830 I think pretty positive, but it's an important few months 0:16:35.870 --> 0:16:40.310 ahead because the big focus is can you get to 0:16:40.330 --> 0:16:46.630 100K in Bitcoin? You've seen Ethereum have obviously a significant 0:16:46.670 --> 0:16:49.330 move here as well. But Frank, like I said, I 0:16:49.350 --> 0:16:51.990 think it's all pieces of a puzzle because it's not 0:16:52.010 --> 0:16:55.070 just crypto in isolation. It's what's happened with the 10-year. 0:16:55.930 --> 0:16:59.580 It's what's happened with commodities. It's where oil is going. 0:16:59.630 --> 0:17:02.480 I think these are all factors. You know, wars, does 0:17:02.560 --> 0:17:04.740 it look like we have a hike at the next meeting? 0:17:04.790 --> 0:17:07.230 I think these are all very important that are all 0:17:07.330 --> 0:17:12.330 playing around to where I believe we'll ultimately see crypto 0:17:12.350 --> 0:17:12.889 go higher. 0:17:13.570 --> 0:17:15.340 I didn't want to put the audience to sleep talking 0:17:15.359 --> 0:17:17.780 about the yield on the 10-year right off the bat, 0:17:17.820 --> 0:17:20.180 but it is important. You're absolutely right. So we're looking 0:17:20.220 --> 0:17:20.300 at 5.11%. 0:17:20.300 --> 0:17:20.980 What do you see ahead there? 0:17:25.420 --> 0:17:28.040 Well, I think likely we get a hike at the 0:17:28.100 --> 0:17:33.640 next meeting. But I still believe the path is, I think, 0:17:33.680 --> 0:17:37.650 mid-fours for the 10-year. I think it's very, very high 0:17:37.710 --> 0:17:40.129 in terms of what we've seen play out here. And 0:17:41.730 --> 0:17:45.550 I think you're going to start to see this come 0:17:45.609 --> 0:17:48.770 down as we go into the rest of the year. 0:17:48.790 --> 0:17:52.879 And I just think there's points when you take out oil– 0:17:53.369 --> 0:17:56.840 Do you start to have inflation that then starts to cool? 0:17:56.910 --> 0:17:59.680 I think that's sort of right now the big narrative 0:17:59.700 --> 0:18:01.240 that investors are all focused on. 0:18:02.160 --> 0:18:02.359 All right. 0:18:02.420 --> 0:18:05.260 Next Fed meeting, meaning this month or the next one? 0:18:06.440 --> 0:18:08.900 Yeah, this month. I think call it an 80 percent 0:18:08.920 --> 0:18:11.780 chance now that we see a hike on the table. 0:18:12.800 --> 0:18:14.800 See you tonight. Read about it tomorrow. But hear it 0:18:14.820 --> 0:18:17.800 now on MoTeC on money. Any specific places, Daniel Ives, 0:18:18.240 --> 0:18:20.320 where you're putting money now and or taking it off 0:18:20.340 --> 0:18:20.660 the table? 0:18:21.790 --> 0:18:24.129 It's tech. I mean, when you think about this earnings 0:18:24.170 --> 0:18:27.210 season called the next week and a half, it will 0:18:27.230 --> 0:18:30.429 be a validation for what we're seeing in AI. And 0:18:30.470 --> 0:18:32.830 I've always said, look, the bears have called 10 of 0:18:32.850 --> 0:18:36.969 the last two downturns. This is a fourth industrial revolution. 0:18:37.030 --> 0:18:38.169 It's playing out in front. 0:18:38.030 --> 0:18:38.530 Of our eyes. 0:18:39.550 --> 0:18:41.909 Daniel Ives, thank you very much for coming back to 0:18:41.930 --> 0:18:43.870 the line here with us live, and I look forward 0:18:43.890 --> 0:18:46.650 to our next conversation. We wish you a great evening, 0:18:46.710 --> 0:18:48.280 and I look forward to seeing you again very soon. 0:18:48.410 --> 0:18:51.150 Thank you very much, Daniel Ives. Thank you, Daniel Ives, 0:18:51.190 --> 0:18:54.770 partner and senior managing director, tech analyst at Yorkville Ives. 0:18:54.830 --> 0:18:58.230 Live with us here on MoTeC on Money on 790 KABC. 0:19:00.830 --> 0:19:05.760 MoTeC on Money continues here, 790 KABC. Doing it live, 0:19:06.119 --> 0:19:09.800 live at five here. Great speaking with Daniel Ives a 0:19:09.820 --> 0:19:14.280 moment ago about today's market action. Switching now to what's 0:19:14.300 --> 0:19:17.420 happening with oil in the Middle East and the price 0:19:17.460 --> 0:19:20.139 of diesel, which recently kissed a record high over the 0:19:20.180 --> 0:19:24.280 weekend and is still flirting with the all-time highs. We're 0:19:24.300 --> 0:19:27.119 watching what's happening with the Middle East with President Trump 0:19:27.320 --> 0:19:31.530 talking about Iran today at the White House. President slamming 0:19:31.590 --> 0:19:35.609 Iran today as peace talks remain still unclear, accusing Iran 0:19:35.630 --> 0:19:39.790 of killing Americans with roadside bombs and hanging protesters from cranes. 0:19:40.910 --> 0:19:44.540 The Iranian foreign minister says that Iran and Russia have 0:19:44.580 --> 0:19:46.919 never worked as closely together as they are now, as 0:19:46.940 --> 0:19:50.609 we follow the latest headlines here, including the latest Fox 0:19:50.670 --> 0:19:54.440 News headlines here, embattled French President Macron has pinned some 0:19:54.460 --> 0:19:56.560 of the blame on the U.S. war in Iran for 0:19:56.580 --> 0:20:01.200 the widespread riots and looting unfolding across France. Qatar says 0:20:01.280 --> 0:20:03.820 peace talks between the U.S. and Iran are ongoing, but 0:20:03.840 --> 0:20:07.100 neither side has confirmed the negotiations. We also heard from 0:20:07.140 --> 0:20:10.530 Secretary of State Rubio accusing Iran of attacking Iran commercial 0:20:10.590 --> 0:20:13.990 ships in the Strait of Hormuz. On another front, we're 0:20:14.030 --> 0:20:17.270 watching what's happening between Russia and Ukraine. The president spent 0:20:17.290 --> 0:20:19.230 a lot of time talking about that today, warning the 0:20:19.330 --> 0:20:22.889 Ukrainian leader of consequences if he refuses to negotiate an 0:20:22.970 --> 0:20:26.590 end to the war with Russia. The president said that 0:20:26.650 --> 0:20:30.390 hatred between President Putin and the president of Ukraine, Zelensky, 0:20:30.430 --> 0:20:33.650 is a major obstacle to ending the war in Ukraine. 0:20:34.910 --> 0:20:38.250 Joining us live now, is retired U.S. Marine Corps Lieutenant 0:20:38.310 --> 0:20:41.820 Colonel Health Kemper, former U.S. Marine Corps intelligence officer, currently 0:20:41.840 --> 0:20:45.860 host of the Strat Podcast, based here in Southern California. Colonel, 0:20:45.900 --> 0:20:48.540 thank you very much once again for taking the call 0:20:48.580 --> 0:20:49.080 here this evening. 0:20:50.160 --> 0:20:51.159 Frank, thanks for having me on. 0:20:52.040 --> 0:20:52.400 Yes, sir. 0:20:52.440 --> 0:20:55.780 Thank you very much. Let's go to Russia and Ukraine, 0:20:55.840 --> 0:20:58.340 first of all, with President Trump spending quite a bit 0:20:58.380 --> 0:21:04.350 of time discussing that as the death toll monthly is absolutely... 0:21:04.530 --> 0:21:08.670 horrific as that war continues. What's your assessment of what's 0:21:08.710 --> 0:21:09.170 happening there? 0:21:10.310 --> 0:21:12.290 Well, I think the biggest thing that came out today 0:21:12.450 --> 0:21:16.960 is that President Zelensky says that the Starlink or StarShield, 0:21:17.020 --> 0:21:20.000 which is a military version of Starlink, that the feeds 0:21:20.060 --> 0:21:22.780 are now back to where they were before. That does 0:21:22.859 --> 0:21:27.030 a number of things. It helps them with launching drones 0:21:27.090 --> 0:21:31.010 against Russian positions, but also Sounds like the intelligence feeds 0:21:31.090 --> 0:21:34.010 to include the early warning system of ballistic missile launches 0:21:34.070 --> 0:21:38.040 by Russia is back to normal again, too. That was 0:21:38.100 --> 0:21:42.660 a big problem. That was a crucial early warning thing 0:21:42.700 --> 0:21:49.480 that would allow people to evacuate buildings and hence the death, 0:21:49.660 --> 0:21:51.810 not just the damage, but the death and the suffering 0:21:51.850 --> 0:21:54.510 had increased dramatically because people just didn't get any warning 0:21:54.570 --> 0:21:57.380 that the missiles were coming in. That's back to where 0:21:57.420 --> 0:22:00.410 it was. The question is, what caused it? Wall Street 0:22:00.430 --> 0:22:04.310 Journal is saying that Elon Musk or the shutdown. Of course, 0:22:04.330 --> 0:22:06.750 Elon Musk had earlier said, no, he has no control 0:22:06.770 --> 0:22:11.590 over that. That's a White House or Pentagon decision, but 0:22:11.650 --> 0:22:15.040 that appears to have been at least fixed, although no 0:22:15.100 --> 0:22:18.240 one knows what exactly the cause is. A lot of 0:22:18.540 --> 0:22:22.480 back and forth between President Trump and President Zelensky, but 0:22:24.670 --> 0:22:29.330 Aside from that, we're still buying the diesel. That seems 0:22:29.369 --> 0:22:33.410 to be going forward. Big talk of a trilateral meeting 0:22:34.050 --> 0:22:39.600 coinciding with an international conference in Beijing where President Xi, Putin, 0:22:39.960 --> 0:22:43.580 and President Trump will all be there. And so they 0:22:43.619 --> 0:22:45.440 may sit down and talk about a number of things 0:22:45.480 --> 0:22:48.120 to include Ukraine. Of course, Ukraine is not thrilled about 0:22:48.160 --> 0:22:50.370 the fact they're talking about Ukraine without Ukraine being there. 0:22:51.590 --> 0:22:55.170 But that seems to be about where it's going. Also, 0:22:56.130 --> 0:23:00.570 they had a big meeting today. Steve Witkoff came in. 0:23:00.590 --> 0:23:04.930 He had a number of European leaders. President Zelensky was there. 0:23:05.530 --> 0:23:07.730 And there appears to have been a lot of discussion 0:23:07.800 --> 0:23:10.560 to include a phone call that was made with President 0:23:10.580 --> 0:23:13.700 Zelensky and Secretary of State Rubio. And that may have 0:23:13.740 --> 0:23:16.060 also been part of getting everything back to where it 0:23:16.119 --> 0:23:19.780 was in terms of the Star Shield, Starlink feeds and 0:23:19.800 --> 0:23:23.270 everything else. So war continues. 0:23:24.290 --> 0:23:26.290 See you tonight. Read about it tomorrow. But here now 0:23:26.350 --> 0:23:28.490 on the air live with retired U.S. Marine Corps Lieutenant 0:23:28.530 --> 0:23:31.830 Colonel Hal Kemper. Yes, according to the Wall Street Journal, 0:23:31.930 --> 0:23:34.570 it was Elon Musk who ordered a slowdown of Starlink 0:23:34.630 --> 0:23:38.790 service used by Ukraine's military. Have you had a chance 0:23:38.830 --> 0:23:41.790 to take a look at that report? And what do 0:23:41.810 --> 0:23:42.870 you think is going on here? 0:23:44.150 --> 0:23:46.470 I have had a chance to look at it. And 0:23:47.440 --> 0:23:49.810 the thing that seems to come up is that when 0:23:49.850 --> 0:23:53.530 this got into the press, when it got into, you know, 0:23:53.550 --> 0:23:56.629 it was being carried by publicly into the media, that 0:23:57.770 --> 0:24:01.730 Musk and President Trump had a phone call. And it 0:24:01.820 --> 0:24:04.820