1 00:00:00,040 --> 00:00:03,600 Speaker 1: An illegal alien from Guatemala charged with raping a child 2 00:00:03,680 --> 00:00:07,480 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 3 00:00:07,720 --> 00:00:11,840 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 4 00:00:11,920 --> 00:00:15,840 Speaker 1: filming and selling child pornography in Michigan. These are just 5 00:00:15,920 --> 00:00:19,680 Speaker 1: some of the heinous migrant criminals caught because of President 6 00:00:19,720 --> 00:00:23,320 Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States 7 00:00:23,320 --> 00:00:28,120 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 8 00:00:28,160 --> 00:00:31,680 Speaker 1: crossings are at the lowest levels ever recorded, and over 9 00:00:31,760 --> 00:00:34,960 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 10 00:00:35,040 --> 00:00:38,920 Speaker 1: are here illegally, your next you will be fined nearly 11 00:00:39,000 --> 00:00:43,000 Speaker 1: one thousand dollars a day, imprisoned, and deported. You will 12 00:00:43,040 --> 00:00:46,680 Speaker 1: never return. But if you register using our CBP home 13 00:00:46,720 --> 00:00:50,120 Speaker 1: app and leave now, you could be allowed to return legally. 14 00:00:50,479 --> 00:00:55,240 Speaker 1: Do what's right. Leave now. Under President Trump, America's laws, 15 00:00:55,400 --> 00:00:57,840 Speaker 1: border and families will be protected. 16 00:00:57,920 --> 00:01:00,000 Speaker 2: Sponsored by the United States Department of Homeland Security. 17 00:01:00,240 --> 00:01:04,240 Speaker 3: Apple has beat earnings last week. Yes, what does it 18 00:01:04,400 --> 00:01:08,280 Speaker 3: mean for the stock market over all? And what does 19 00:01:08,280 --> 00:01:11,600 Speaker 3: it mean for the economy. I'm sure Tim Cook's primary 20 00:01:11,920 --> 00:01:17,400 Speaker 3: bedroom's amazing real shout out to Tim Cook and everyone 21 00:01:17,400 --> 00:01:20,880 Speaker 3: on Apple revenue was at ninety four point eight billion 22 00:01:20,959 --> 00:01:24,160 Speaker 3: versus ninety two point six, which was expected, and then 23 00:01:24,200 --> 00:01:26,720 Speaker 3: iPhone was at fifty one point three billion versus forty 24 00:01:26,760 --> 00:01:29,880 Speaker 3: eight point nine. Now they adjusted guidance and revenue because 25 00:01:30,000 --> 00:01:33,400 Speaker 3: running software economy, I get that, yes, but it goes like, 26 00:01:33,520 --> 00:01:36,319 Speaker 3: I mean, just on revenue alone, they made ninety four 27 00:01:36,360 --> 00:01:39,120 Speaker 3: point eight billion. So if you're looking should I invest 28 00:01:39,240 --> 00:01:43,720 Speaker 3: Apple versus another company, you have to invest in the 29 00:01:43,760 --> 00:01:45,440 Speaker 3: companies that are making the most cash. 30 00:01:45,560 --> 00:01:46,360 Speaker 4: So write this down. 31 00:01:46,760 --> 00:01:49,640 Speaker 2: Whoever has the most revenue she being in your consideration 32 00:01:49,840 --> 00:01:52,760 Speaker 2: for what's in your portfolio. So even there on on 33 00:01:52,800 --> 00:01:55,640 Speaker 2: the iPhone side, they did fifty one point three billion 34 00:01:55,680 --> 00:01:58,760 Speaker 2: in a quarter, which is bigger than most companies will 35 00:01:58,800 --> 00:02:03,400 Speaker 2: do in a year. And that the earnings absolutely because 36 00:02:03,440 --> 00:02:06,520 Speaker 2: I mean they weren't expecting the iPhone to have any 37 00:02:06,560 --> 00:02:09,200 Speaker 2: increases quarter. Absolutely, the fact that it went up two 38 00:02:09,200 --> 00:02:11,560 Speaker 2: percent was like, all right, great, this is incredible. 39 00:02:11,600 --> 00:02:12,840 Speaker 4: So yeah, can I run them down? 40 00:02:13,200 --> 00:02:15,560 Speaker 5: Because when we talk about the verticals, a lot of 41 00:02:15,560 --> 00:02:17,960 Speaker 5: people just think Apple. They might think it's just the 42 00:02:18,000 --> 00:02:21,359 Speaker 5: MacBook or it's just the phone. Let's go down all 43 00:02:21,360 --> 00:02:23,320 Speaker 5: the verticals, and we'll just we'll just say that the 44 00:02:23,320 --> 00:02:25,360 Speaker 5: money that was made. So you said iPhone the revenue 45 00:02:25,400 --> 00:02:28,440 Speaker 5: was up fifty one billion, fifty one point three billion. 46 00:02:29,280 --> 00:02:31,000 Speaker 5: Wall Street expected it to be at forty eight, so 47 00:02:31,040 --> 00:02:33,400 Speaker 5: that was a plus. The MacBook it actually went down. 48 00:02:33,520 --> 00:02:36,080 Speaker 5: This was this was something that we'll talk about seven 49 00:02:36,080 --> 00:02:39,399 Speaker 5: point seven billion versus seven point eight billion. The iPad 50 00:02:39,480 --> 00:02:42,800 Speaker 5: also went down in revenue sixty six point sixty seven 51 00:02:42,840 --> 00:02:46,920 Speaker 5: billion as opposed to the six point sixty nine. And 52 00:02:46,960 --> 00:02:50,679 Speaker 5: then the other revenue from the products, so we had 53 00:02:50,760 --> 00:02:53,520 Speaker 5: eight point seven billion as opposed to eight point four 54 00:02:53,560 --> 00:02:55,079 Speaker 5: to three which was expected. 55 00:02:55,080 --> 00:02:55,919 Speaker 4: And then the services. 56 00:02:56,160 --> 00:02:59,799 Speaker 5: So the services is crazy because you think about it. Yeah, 57 00:03:00,680 --> 00:03:03,760 Speaker 5: Apple Music, but one of the biggest things is the 58 00:03:04,280 --> 00:03:06,240 Speaker 5: deal that they have a Google yep to be. 59 00:03:06,200 --> 00:03:08,360 Speaker 2: The number one search engine alone. And we talked about 60 00:03:08,400 --> 00:03:11,400 Speaker 2: this last week and not beefing. You would think Apple 61 00:03:11,440 --> 00:03:15,160 Speaker 2: and Google our competitors. They're technically Apple marctsoft in Google 62 00:03:15,240 --> 00:03:17,160 Speaker 2: like a soft monopoly that operates together. 63 00:03:18,800 --> 00:03:21,680 Speaker 5: I mean twenty billion, twenty almost twenty one billion in 64 00:03:21,680 --> 00:03:23,440 Speaker 5: the quarter just from the services alone. 65 00:03:23,800 --> 00:03:24,520 Speaker 4: Just think about that. 66 00:03:24,720 --> 00:03:27,679 Speaker 5: Yeah, just just having a partnership or having a deal 67 00:03:27,720 --> 00:03:30,000 Speaker 5: with the company that's doing has a product that you're saying, 68 00:03:30,200 --> 00:03:32,880 Speaker 5: this can help us in our businesses. Obviously the app 69 00:03:32,919 --> 00:03:35,160 Speaker 5: stores inside of that as well, but twenty billion just 70 00:03:35,280 --> 00:03:39,040 Speaker 5: in services. So you have all these verticals. Now if 71 00:03:39,040 --> 00:03:40,600 Speaker 5: you look at it, if they're earnings, all of those 72 00:03:40,840 --> 00:03:45,080 Speaker 5: went down except for the iPhone. And Apple still doesn't 73 00:03:45,120 --> 00:03:46,560 Speaker 5: give future guidance. They haven't done it. 74 00:03:46,520 --> 00:03:48,360 Speaker 4: For the past two They're smart, they haven't. 75 00:03:49,280 --> 00:03:51,440 Speaker 5: You don't know what to expect, but we do know 76 00:03:51,560 --> 00:03:55,800 Speaker 5: that growth is exponential each year, and you know that 77 00:03:55,840 --> 00:03:58,840 Speaker 5: a new product is coming. Everybody's waiting for or June 78 00:03:58,920 --> 00:04:02,520 Speaker 5: seventh for the day for them to announce. So I 79 00:04:02,560 --> 00:04:05,280 Speaker 5: mean when Buffet says it's the greatest company we've ever seen, 80 00:04:05,440 --> 00:04:08,360 Speaker 5: I haven't seen anything like it. This is unprecedented, man, 81 00:04:08,400 --> 00:04:12,960 Speaker 5: it's unprecedented. And the board authorized ninety billion and share 82 00:04:13,000 --> 00:04:15,760 Speaker 5: repurchases and divinity, which is huge. Right when you buy 83 00:04:15,760 --> 00:04:17,719 Speaker 5: it back your shares, it brings back the value to 84 00:04:18,800 --> 00:04:19,360 Speaker 5: more shares. 85 00:04:19,400 --> 00:04:21,760 Speaker 4: And the way they're doing this is just. 86 00:04:22,120 --> 00:04:25,000 Speaker 2: And if we look at coinbase in comparison, when Fred 87 00:04:25,040 --> 00:04:27,760 Speaker 2: Wilson was invested as a venture capitalist, they sold everything 88 00:04:27,800 --> 00:04:31,040 Speaker 2: off and then also the CEO Brian Armstrong and last 89 00:04:31,040 --> 00:04:33,160 Speaker 2: time we hear Miami, I had a controversial take about 90 00:04:33,200 --> 00:04:37,200 Speaker 2: coinbase a year later, and that's kind of true. Shout 91 00:04:37,200 --> 00:04:38,440 Speaker 2: out to everyone in the crypto space. 92 00:04:38,440 --> 00:04:38,960 Speaker 4: I love you all. 93 00:04:38,960 --> 00:04:41,320 Speaker 2: I don't want any smoke, right, I'm coming here in peace, 94 00:04:41,680 --> 00:04:45,560 Speaker 2: no podcasts or currency wars on my end. But if 95 00:04:45,560 --> 00:04:48,839 Speaker 2: you look, A great sign if a company is doing 96 00:04:48,839 --> 00:04:51,040 Speaker 2: well is if the companies are doing buybacks and if 97 00:04:51,040 --> 00:04:52,560 Speaker 2: the executives there are holding on. 98 00:04:52,640 --> 00:04:54,520 Speaker 4: I want to run off some quick steps. 99 00:04:55,360 --> 00:04:58,240 Speaker 2: So for Apple one year or year to date, it's 100 00:04:58,320 --> 00:05:02,320 Speaker 2: up thirty eight percent. One year from today, it's been 101 00:05:02,400 --> 00:05:05,039 Speaker 2: up fourteen percent over the last month, up seven percent. 102 00:05:06,480 --> 00:05:09,000 Speaker 2: PE ratio is at twenty nine, which is low, which 103 00:05:09,040 --> 00:05:11,920 Speaker 2: is absolutely amazing. Market kap a two point seventy five 104 00:05:12,000 --> 00:05:17,960 Speaker 2: trillion and the percentage of floated shorts is zero point 105 00:05:18,080 --> 00:05:21,159 Speaker 2: seventy three percent. So that tells you that no one 106 00:05:21,200 --> 00:05:24,320 Speaker 2: thinks this company is going to fall apart. Invest in 107 00:05:24,360 --> 00:05:26,800 Speaker 2: the greatest company that's ever been publicly traded for the 108 00:05:26,839 --> 00:05:29,440 Speaker 2: long term and you will be okay once again. It 109 00:05:29,480 --> 00:05:31,760 Speaker 2: goes back to investing being really simple. If we stick 110 00:05:31,839 --> 00:05:35,200 Speaker 2: to our principles, and I wish more companies were this 111 00:05:35,320 --> 00:05:38,080 Speaker 2: well RAN, so we can have like a more diverse 112 00:05:38,160 --> 00:05:41,159 Speaker 2: swath of companies to invest in. But they are clearly 113 00:05:41,200 --> 00:05:45,039 Speaker 2: like the Lebron James of this or Devin Booker, which 114 00:05:45,080 --> 00:05:46,440 Speaker 2: one is more efficient. 115 00:05:46,240 --> 00:05:47,320 Speaker 4: Of this era? Right? 116 00:05:47,600 --> 00:05:49,640 Speaker 2: Either way, I love Dev. I'll think dav making it 117 00:05:49,680 --> 00:05:56,960 Speaker 2: to the finals, but welcome to third take. But this 118 00:05:57,040 --> 00:05:59,520 Speaker 2: company is probably the most efficient RAN. If I look 119 00:05:59,520 --> 00:06:02,440 Speaker 2: at revenue point per employee, that's a two point three 120 00:06:02,400 --> 00:06:05,160 Speaker 2: to four million. So if you can compare these stats 121 00:06:05,200 --> 00:06:09,240 Speaker 2: and see versus Tassa, how well this is being RAN 122 00:06:09,440 --> 00:06:12,080 Speaker 2: and Tim Cook and the entire team is incredibly focused. 123 00:06:12,240 --> 00:06:15,040 Speaker 2: That's another thing at Berkshire. Even when they mentioned the 124 00:06:15,120 --> 00:06:18,160 Speaker 2: g and the person who's going to replace Buffett, they're 125 00:06:18,200 --> 00:06:19,320 Speaker 2: not on social media. 126 00:06:19,640 --> 00:06:20,880 Speaker 4: They don't eat up up much space. 127 00:06:20,920 --> 00:06:24,360 Speaker 2: They're just head down focus on running a company, and 128 00:06:24,400 --> 00:06:26,839 Speaker 2: that's a metric and the fundamentals that we have to 129 00:06:26,880 --> 00:06:28,839 Speaker 2: focus on more for sure. 130 00:06:29,120 --> 00:06:31,839 Speaker 4: Especially during a recession. I'm glad you brought up point base. 131 00:06:31,960 --> 00:06:34,119 Speaker 5: Brian Ostrum was in the news, he doubled down again 132 00:06:34,480 --> 00:06:37,000 Speaker 5: criticizing SEC for he feels like it is a loan 133 00:06:37,000 --> 00:06:40,520 Speaker 5: attack on anti crypto establishments, him being the number one 134 00:06:40,560 --> 00:06:43,600 Speaker 5: of it. And so from an investment standpoint, if people 135 00:06:43,600 --> 00:06:45,160 Speaker 5: are looking at it, and we kind of went over 136 00:06:45,160 --> 00:06:47,599 Speaker 5: this two weeks ago when we were talking about we 137 00:06:47,839 --> 00:06:51,040 Speaker 5: invest in US companies, but if this US company can't 138 00:06:51,080 --> 00:06:53,600 Speaker 5: thrive here, he'll be forced to go into national Absolute 139 00:06:53,720 --> 00:06:54,960 Speaker 5: is going to lose something to trust on some of 140 00:06:54,960 --> 00:06:55,599 Speaker 5: the investors. 141 00:06:56,200 --> 00:06:59,120 Speaker 4: So he's in a it's in a tough space. Phone. Yeah, 142 00:06:59,240 --> 00:07:01,480 Speaker 4: they should sell to JP Morgan. And I'm not here 143 00:07:01,839 --> 00:07:04,440 Speaker 4: for JP Morgan, but it's like just add to the asset. 144 00:07:05,320 --> 00:07:07,920 Speaker 2: Listen if the CEO YouTube comes out like, hey, we 145 00:07:07,960 --> 00:07:10,400 Speaker 2: don't want any black people to be like leading figures 146 00:07:10,560 --> 00:07:11,880 Speaker 2: like we gotta go to the we gotta go to 147 00:07:11,920 --> 00:07:15,320 Speaker 2: Twitch or some like, you have to make an adjustment. Now, 148 00:07:15,360 --> 00:07:18,680 Speaker 2: if Genzeler leaves and then the next SEC chair is 149 00:07:18,720 --> 00:07:21,400 Speaker 2: crypto favorable, then I have the chance to thrive. But 150 00:07:21,440 --> 00:07:25,320 Speaker 2: when you have a regulatory body basically saying we don't 151 00:07:25,320 --> 00:07:27,680 Speaker 2: want you here, and you get a Wells notice and 152 00:07:27,720 --> 00:07:30,640 Speaker 2: they won't tell you how to play within the lines, 153 00:07:31,720 --> 00:07:33,840 Speaker 2: how do you have a competitive advantage? And I think 154 00:07:33,840 --> 00:07:36,240 Speaker 2: Brian is a great CEO. I just think that the 155 00:07:36,320 --> 00:07:38,440 Speaker 2: regulations won't allow them to thrive. 156 00:07:38,520 --> 00:07:41,040 Speaker 4: Ever, you just brought up a great point. The Wells 157 00:07:41,120 --> 00:07:43,160 Speaker 4: notice you want to just tell people what the Wells notice? 158 00:07:43,200 --> 00:07:45,440 Speaker 2: I mean, the SEC is basically putting you on notice 159 00:07:45,440 --> 00:07:48,280 Speaker 2: that you are doing some unscrupulous things, which I think 160 00:07:48,400 --> 00:07:51,280 Speaker 2: is unfair. Like if you ever played basketball, you went 161 00:07:51,320 --> 00:07:53,720 Speaker 2: to state and you're like, hey, these refs are not 162 00:07:53,720 --> 00:07:56,000 Speaker 2: going to be in our favor. The Wells notices like, 163 00:07:56,040 --> 00:07:58,040 Speaker 2: you listen, you need to be one boy twenty before 164 00:07:58,040 --> 00:08:00,040 Speaker 2: we give you this title. Right, So, now that I 165 00:08:00,080 --> 00:08:01,720 Speaker 2: have a few days to reply, of course they're going 166 00:08:01,760 --> 00:08:05,080 Speaker 2: to reply. They're going to fight back. But if and 167 00:08:05,400 --> 00:08:08,000 Speaker 2: I found the interest in even all, like the stake 168 00:08:08,040 --> 00:08:09,960 Speaker 2: and rewards. When I saw the roll out of the 169 00:08:10,000 --> 00:08:13,760 Speaker 2: Apple rewards card, it looked very similar to what Cardinal 170 00:08:13,960 --> 00:08:16,720 Speaker 2: was doing. So I'm like, now, if I can give 171 00:08:16,760 --> 00:08:19,920 Speaker 2: you all the apy returns and the safety of Apple 172 00:08:20,560 --> 00:08:23,120 Speaker 2: that allows them, and Apple has a great relationship with 173 00:08:23,160 --> 00:08:25,800 Speaker 2: the government and SEC in the White House, that kills 174 00:08:25,840 --> 00:08:28,280 Speaker 2: the majority of mainstream who will never go to crypto 175 00:08:28,400 --> 00:08:33,680 Speaker 2: ethereum bitcoin, Cardinal and you can go there. That's another 176 00:08:33,800 --> 00:08:36,959 Speaker 2: attack that people aren't talking about enough. While the SEC 177 00:08:37,040 --> 00:08:39,520 Speaker 2: is the direct attack. The Apple savings card and being. 178 00:08:40,840 --> 00:08:43,080 Speaker 5: This episode is brought to you by P and C Bank. 179 00:08:43,480 --> 00:08:46,240 Speaker 5: A lot of people think podcasts about work are boring, 180 00:08:46,480 --> 00:08:50,280 Speaker 5: and sure they definitely can be, but understanding a professionals 181 00:08:50,360 --> 00:08:53,640 Speaker 5: routine shows us how they achieve their success little by little, 182 00:08:54,000 --> 00:08:57,680 Speaker 5: day after day. It's like banking with P and C Bank. 183 00:08:58,120 --> 00:09:00,960 Speaker 5: It might seem boring to save, plan and make calculated 184 00:09:00,960 --> 00:09:04,080 Speaker 5: decisions with your bank, but keeping your money boring is 185 00:09:04,080 --> 00:09:07,400 Speaker 5: what helps you live or more happily fulfilled life. 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It's not just about payments, it's about 204 00:10:07,679 --> 00:10:10,120 Speaker 5: giving you time back so you can focus on what 205 00:10:10,280 --> 00:10:13,959 Speaker 5: matters most ready. To see how Square can transform your business, 206 00:10:14,200 --> 00:10:18,840 Speaker 5: visit Square dot com backslash go backslash eyl to learn 207 00:10:18,880 --> 00:10:24,080 Speaker 5: more that Square dot com backslash, go backslash eyl, don't wait, 208 00:10:24,400 --> 00:10:27,200 Speaker 5: don't hesitate. Let's Square handle the back end so you 209 00:10:27,240 --> 00:10:28,880 Speaker 5: can keep pushing your vision forward. 210 00:10:31,120 --> 00:10:34,720 Speaker 1: An illegal alien from Guatemala charged with raping a child 211 00:10:34,800 --> 00:10:38,599 Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador 212 00:10:38,840 --> 00:10:42,959 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 213 00:10:43,040 --> 00:10:46,960 Speaker 1: filming and selling child pornography in Michigan. These are just 214 00:10:47,040 --> 00:10:50,800 Speaker 1: some of the heinous migrant criminals caught because of President 215 00:10:50,840 --> 00:10:54,360 Speaker 1: Donald J. Trump's leadership. I'm Christine Nohm, the United States 216 00:10:54,440 --> 00:10:59,240 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 217 00:10:59,240 --> 00:11:02,800 Speaker 1: crossings are at the lowest levels ever recorded, and over 218 00:11:02,880 --> 00:11:06,120 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 219 00:11:06,160 --> 00:11:10,000 Speaker 1: were here illegally, your next you will be fine nearly 220 00:11:10,120 --> 00:11:14,120 Speaker 1: one thousand dollars a day, imprisoned and deported, you will 221 00:11:14,160 --> 00:11:17,800 Speaker 1: never return. But if you register using our CBP home 222 00:11:17,840 --> 00:11:21,200 Speaker 1: app and leave now, you could be allowed to return legally. 223 00:11:21,600 --> 00:11:26,320 Speaker 1: Do what's right. Leave now. Under President Trump, America's laws, 224 00:11:26,520 --> 00:11:28,960 Speaker 1: border and families will be protected. 225 00:11:29,040 --> 00:11:31,560 Speaker 2: Sponsored by the United States Department of Homeland Security. Push 226 00:11:32,160 --> 00:11:36,640 Speaker 2: half one billion dollars in four days, one point four ridiculous. 227 00:11:36,720 --> 00:11:40,199 Speaker 2: That's a side attack as well. So the Wells notice 228 00:11:40,240 --> 00:11:42,600 Speaker 2: is almost like a subpoena for business. Yes, right, the 229 00:11:42,640 --> 00:11:44,720 Speaker 2: sec says, we've done an investigation. 230 00:11:45,240 --> 00:11:48,560 Speaker 4: The next steps are enforcement action is about to happen. Yeah, 231 00:11:48,600 --> 00:11:49,760 Speaker 4: and so they've been served with that. 232 00:11:50,040 --> 00:11:54,280 Speaker 2: If they get an enforcement action, man, it's not good. 233 00:11:55,040 --> 00:11:57,240 Speaker 3: Well yeah, let's talk about that briefly too, because Apple 234 00:11:57,360 --> 00:12:01,240 Speaker 3: definitely we talked about this savings account a few weeks ago. 235 00:12:01,440 --> 00:12:06,160 Speaker 3: So now in the first four days, they brought in 236 00:12:06,600 --> 00:12:12,480 Speaker 3: one billion dollars in deposits. So yeah, uh so the 237 00:12:12,600 --> 00:12:19,640 Speaker 3: newly launched savings account, they yeah, trackted nearly one billion 238 00:12:19,679 --> 00:12:21,480 Speaker 3: dollars in deposits according to a. 239 00:12:21,480 --> 00:12:25,640 Speaker 4: Forbes article, so three weeks ago, I think so. 240 00:12:25,800 --> 00:12:29,000 Speaker 2: And for context, before First Republic went under, they had 241 00:12:29,120 --> 00:12:30,600 Speaker 2: nineteen billion dollars. 242 00:12:31,000 --> 00:12:33,560 Speaker 3: Yeah, and this and this and once again it's this 243 00:12:33,679 --> 00:12:37,800 Speaker 3: is gonna beat four point four point one five percent 244 00:12:37,920 --> 00:12:43,680 Speaker 3: interest and it's backed by Goldman Sachs. Yes, and it's 245 00:12:43,720 --> 00:12:48,079 Speaker 3: it's it's adding to Apple's growing financial services offerings. 246 00:12:48,200 --> 00:12:48,520 Speaker 4: Yes. 247 00:12:48,840 --> 00:12:53,000 Speaker 3: And it's for Apple users, Apple Pay users, I believe. 248 00:12:54,000 --> 00:12:54,440 Speaker 4: So. Yeah. 249 00:12:54,760 --> 00:12:57,680 Speaker 3: Uh, let's Apple car uses Apple car uses. So one 250 00:12:57,720 --> 00:12:59,920 Speaker 3: billion and four and four days. Where do you see 251 00:13:00,160 --> 00:13:03,559 Speaker 3: the trajectory of this long term? What would be out. 252 00:13:03,720 --> 00:13:07,600 Speaker 4: Your crystal ball for this particular product. I think five 253 00:13:07,679 --> 00:13:08,280 Speaker 4: ten years. 254 00:13:08,120 --> 00:13:11,720 Speaker 2: From now, ten years or maybe even five, they should 255 00:13:11,760 --> 00:13:13,199 Speaker 2: have twenty billion dollars. 256 00:13:13,920 --> 00:13:14,640 Speaker 4: Because here's the thing. 257 00:13:14,720 --> 00:13:19,000 Speaker 2: If we if interest rates are slowly going up, formc 258 00:13:19,160 --> 00:13:20,520 Speaker 2: of course, raise a quarter. 259 00:13:21,760 --> 00:13:22,520 Speaker 4: Of one percent. 260 00:13:22,960 --> 00:13:24,640 Speaker 2: I think the rate that will need to get to 261 00:13:24,679 --> 00:13:26,560 Speaker 2: before we top out a six and a half percent, 262 00:13:27,720 --> 00:13:30,000 Speaker 2: which will crush the market, which is what they want 263 00:13:30,000 --> 00:13:34,440 Speaker 2: to do, because they want to slow spending and increase inflation. 264 00:13:35,400 --> 00:13:38,679 Speaker 2: In times of recessions or depressions, people are going to 265 00:13:38,720 --> 00:13:39,839 Speaker 2: look for safety first. 266 00:13:40,360 --> 00:13:41,040 Speaker 4: So like when. 267 00:13:40,840 --> 00:13:43,840 Speaker 2: Countrywide went under in the last recession and allow Bank 268 00:13:43,880 --> 00:13:48,040 Speaker 2: of America and JP Morgan to become the safer alternatives 269 00:13:48,880 --> 00:13:52,440 Speaker 2: now with everyone using these phones in Apple building trust 270 00:13:52,520 --> 00:13:55,200 Speaker 2: in the nineteen eighties, if I have to bank between 271 00:13:55,240 --> 00:13:56,800 Speaker 2: them and P and C, shout out to P and C. 272 00:13:56,920 --> 00:13:59,480 Speaker 2: I love you guys, bankuty for a long time prior 273 00:13:59,520 --> 00:14:02,480 Speaker 2: to going to Capital One. But I have more trust 274 00:14:02,559 --> 00:14:05,959 Speaker 2: with Apple than I do any major bank. So and 275 00:14:06,040 --> 00:14:08,800 Speaker 2: I know there's some places you guys have highlighted in 276 00:14:08,840 --> 00:14:11,960 Speaker 2: the comments where you can get a higher yield, but 277 00:14:12,200 --> 00:14:15,959 Speaker 2: Apple has a higher trust score than Robin Hood. Also, 278 00:14:16,040 --> 00:14:18,520 Speaker 2: if I can get twenty five percent or thirty percent 279 00:14:18,559 --> 00:14:21,760 Speaker 2: return in the stock, why don't I just bank with Apple? 280 00:14:21,760 --> 00:14:24,680 Speaker 2: Because the probability of Apple going under, they are literally 281 00:14:24,720 --> 00:14:27,000 Speaker 2: the too big to fail. If the government has to 282 00:14:27,000 --> 00:14:29,880 Speaker 2: pick between Apple and JP Morgan, Jamie Diamond. 283 00:14:29,600 --> 00:14:30,480 Speaker 4: Will go work for Apple. 284 00:14:31,480 --> 00:14:35,240 Speaker 2: So it's all about who is the safest entity an institution, 285 00:14:35,440 --> 00:14:38,400 Speaker 2: and Apple is probably one of the largest of all time. 286 00:14:39,000 --> 00:14:40,960 Speaker 2: I think in five to ten years they have twenty 287 00:14:41,000 --> 00:14:43,720 Speaker 2: billion dollars under management. And it's the funny part. This 288 00:14:43,800 --> 00:14:46,080 Speaker 2: is like a side project for them. It's not a 289 00:14:46,120 --> 00:14:47,680 Speaker 2: main focus at all. 290 00:14:47,800 --> 00:14:50,720 Speaker 5: Right, we just spoke about the verticals, right, so we 291 00:14:50,720 --> 00:14:54,000 Speaker 5: didn't even talk about financials. So like twenty billion that 292 00:14:54,040 --> 00:14:56,120 Speaker 5: would be on par with what we just said that 293 00:14:56,200 --> 00:14:59,800 Speaker 5: they get from the services component. I mean, when you 294 00:14:59,840 --> 00:15:02,920 Speaker 5: think about that type of money under management, what is 295 00:15:02,960 --> 00:15:05,080 Speaker 5: that place it? Do we see it? Because we have 296 00:15:05,080 --> 00:15:07,640 Speaker 5: the big four and when we talk about and banks 297 00:15:08,360 --> 00:15:12,280 Speaker 5: Top twenty, Top fouteen, Top twenty, top twenty, and Apple 298 00:15:12,400 --> 00:15:14,440 Speaker 5: so smart, they will never come in and be a 299 00:15:14,480 --> 00:15:16,400 Speaker 5: direct competitor. They say, we just want to be an 300 00:15:16,440 --> 00:15:19,640 Speaker 5: ally to assure the safety of the American citizens, to 301 00:15:19,720 --> 00:15:20,720 Speaker 5: give some safety. 302 00:15:21,160 --> 00:15:22,040 Speaker 4: And then I'm sure they. 303 00:15:21,960 --> 00:15:24,520 Speaker 2: Have some preferred apartment partners like Goldman that they'll work 304 00:15:24,600 --> 00:15:27,000 Speaker 2: with now the line. And then also then when they 305 00:15:27,000 --> 00:15:28,840 Speaker 2: make the move into healthcare, so that may be another 306 00:15:28,880 --> 00:15:31,440 Speaker 2: twenty to forty billion. So if you get twenty billion 307 00:15:31,520 --> 00:15:36,120 Speaker 2: under management here, twenty billion of services. If they announced 308 00:15:36,160 --> 00:15:42,760 Speaker 2: that the glasses product amazing healthcare, that's another twenty billion. 309 00:15:43,040 --> 00:15:46,360 Speaker 4: And now you're really the biggest four sectors of all time. Yes, 310 00:15:46,640 --> 00:15:49,320 Speaker 4: all under winter umbrella with. 311 00:15:49,400 --> 00:15:53,000 Speaker 2: Great leadership, great management. So I don't know what wouldever 312 00:15:53,400 --> 00:15:55,840 Speaker 2: like IBM lost this way. The thing that makes Apple 313 00:15:55,920 --> 00:15:59,560 Speaker 2: unique kind of like Lebron deep into their forty year 314 00:15:59,640 --> 00:16:02,280 Speaker 2: fifty year, because normally once it'start this to like thirty years, 315 00:16:02,320 --> 00:16:05,880 Speaker 2: they begin to taper off. They are continuing to find 316 00:16:05,960 --> 00:16:09,720 Speaker 2: ways to innovate and scale into different industries, which like 317 00:16:09,800 --> 00:16:13,160 Speaker 2: Microsoft never could have been like a card manufacturer, or 318 00:16:13,400 --> 00:16:16,680 Speaker 2: like anyone ever wanted to bankle Microsoft back in the day. 319 00:16:17,240 --> 00:16:21,280 Speaker 5: Absolutely not certainly fathomable from that standpoint, then the debunks 320 00:16:21,280 --> 00:16:24,480 Speaker 5: the theory of companies having a thirty year run of dominance. 321 00:16:24,760 --> 00:16:26,760 Speaker 2: For most kinds, it's like an exception. This is this 322 00:16:26,840 --> 00:16:28,880 Speaker 2: is yeah, this is like if Lebron and Jordan was 323 00:16:28,920 --> 00:16:31,920 Speaker 2: like was one person. This is outlier for sure, but 324 00:16:31,960 --> 00:16:33,840 Speaker 2: it goes to show how you should run a company 325 00:16:33,840 --> 00:16:38,520 Speaker 2: ad based on trust, delivering on return, delivering on promises. 326 00:16:38,600 --> 00:16:40,840 Speaker 2: Of course they've had some failed products, but they usually 327 00:16:40,840 --> 00:16:45,840 Speaker 2: bounce back. Really well, there's no stop in this company 328 00:16:45,880 --> 00:16:46,600 Speaker 2: anytime soon. 329 00:16:47,880 --> 00:16:48,920 Speaker 4: Yeah yeah, I. 330 00:16:48,880 --> 00:16:50,920 Speaker 5: Mean, And kind of the question was like what does 331 00:16:50,920 --> 00:16:53,720 Speaker 5: it mean to the market. I remember when I called 332 00:16:53,720 --> 00:16:57,200 Speaker 5: you Wednesday, Yeah, look, and we spoke about our market money, 333 00:16:57,240 --> 00:16:59,920 Speaker 5: like this is important outside of all the contries. So one, 334 00:17:00,320 --> 00:17:03,160 Speaker 5: this is the one. And so when we saw the 335 00:17:03,160 --> 00:17:07,960 Speaker 5: iPhone with what sheet was estimated and how the stop 336 00:17:07,960 --> 00:17:10,480 Speaker 5: went up. I'm like, all right, great, that means at 337 00:17:10,560 --> 00:17:12,880 Speaker 5: least Thursday and Friday we're going to see some some 338 00:17:13,040 --> 00:17:16,359 Speaker 5: positive days just because of the weighted impact that Apple 339 00:17:16,440 --> 00:17:19,040 Speaker 5: has on the S and P and from a lot 340 00:17:19,040 --> 00:17:21,720 Speaker 5: of the ETF especially QQQ, and we talked about it's 341 00:17:21,720 --> 00:17:24,600 Speaker 5: okay all the time, but like the amount that is 342 00:17:24,680 --> 00:17:27,800 Speaker 5: weighted on that company, it has a negative quarter, we're 343 00:17:27,840 --> 00:17:28,280 Speaker 5: in trouble. 344 00:17:28,480 --> 00:17:30,040 Speaker 4: Yeah, it's gonna affect everything. 345 00:17:30,160 --> 00:17:33,399 Speaker 2: Yeah, and a great part is like they're currently hunting 346 00:17:33,480 --> 00:17:36,280 Speaker 2: for what will replace the iPhone. Like a couple analysts 347 00:17:36,320 --> 00:17:38,960 Speaker 2: believe like in ten years the iPhone will kind of 348 00:17:38,960 --> 00:17:41,840 Speaker 2: go the pathway of what the iPod went. For those 349 00:17:41,920 --> 00:17:44,240 Speaker 2: who don't know, at one point the number one driver 350 00:17:44,320 --> 00:17:47,119 Speaker 2: of revenue for Apple was the iPod, and then the 351 00:17:47,160 --> 00:17:50,280 Speaker 2: iPhone came out and all the iterations from their iPhone 352 00:17:50,280 --> 00:17:53,280 Speaker 2: fifteen should be coming out pretty soon. But there I 353 00:17:53,280 --> 00:17:55,040 Speaker 2: don't know if it will be the glasses product, but 354 00:17:55,080 --> 00:17:57,520 Speaker 2: they're looking for a revenue replacment for the iPhone, and 355 00:17:57,520 --> 00:17:59,200 Speaker 2: if they do that. 356 00:17:58,600 --> 00:18:01,040 Speaker 4: That will look stend them another ten fifteen years as well. 357 00:18:01,160 --> 00:18:02,119 Speaker 4: So yeah, and the. 358 00:18:02,359 --> 00:18:04,840 Speaker 5: Reason a lot of from what they're saying that you know, 359 00:18:04,840 --> 00:18:07,520 Speaker 5: the numbers were down for the MacBook and the iPad 360 00:18:07,560 --> 00:18:08,879 Speaker 5: is because we're the comparison. 361 00:18:08,960 --> 00:18:10,400 Speaker 4: You're comparing it year over year. 362 00:18:10,480 --> 00:18:12,760 Speaker 5: Yeah, and so you're talking about a time when people 363 00:18:12,800 --> 00:18:15,399 Speaker 5: were buying YEP computers at a different rate, that were 364 00:18:15,440 --> 00:18:19,240 Speaker 5: buying uh tablets at a different rate. Now posted this 365 00:18:19,320 --> 00:18:20,959 Speaker 5: year where it's like, all right, they're not buying them 366 00:18:20,960 --> 00:18:23,520 Speaker 5: at the same rate. Plus with some storages obviously with 367 00:18:23,560 --> 00:18:26,440 Speaker 5: some some apply chain issues, and so that affects the numbers. 368 00:18:26,640 --> 00:18:29,600 Speaker 5: So yeah, I think we'll see those numbers change over 369 00:18:29,640 --> 00:18:32,840 Speaker 5: the next two to three quarters. But we saw them 370 00:18:33,000 --> 00:18:35,160 Speaker 5: even now, like with the air Buzz. It almost looks 371 00:18:35,160 --> 00:18:38,520 Speaker 5: like they're bringing the iPod back right a new ones 372 00:18:38,560 --> 00:18:40,440 Speaker 5: that have the screen on it. So I mean, they're 373 00:18:40,480 --> 00:18:42,560 Speaker 5: just going to keep innovating. Man shout out to Apple. 374 00:18:43,280 --> 00:18:46,119 Speaker 5: Uh my portfolio looks great with them in it. On 375 00:18:46,240 --> 00:18:49,879 Speaker 5: seven three oh baby, by the best. 376 00:18:51,960 --> 00:18:57,200 Speaker 3: My graduates from my school being forced back drop drop, 377 00:18:58,080 --> 00:18:59,480 Speaker 3: drop drop. 378 00:19:10,520 --> 00:19:14,200 Speaker 1: An illegal alien from Guatemala charged with raping a child 379 00:19:14,240 --> 00:19:18,040 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 380 00:19:18,280 --> 00:19:22,399 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 381 00:19:22,480 --> 00:19:26,359 Speaker 1: filming and selling child pornography in Michigan. These are just 382 00:19:26,480 --> 00:19:30,240 Speaker 1: some of the heinous migrant criminals caught because of President 383 00:19:30,240 --> 00:19:33,800 Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States 384 00:19:33,840 --> 00:19:38,600 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 385 00:19:38,680 --> 00:19:42,240 Speaker 1: crossings are at the lowest levels ever recorded, and over 386 00:19:42,280 --> 00:19:45,520 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 387 00:19:45,600 --> 00:19:49,439 Speaker 1: are here illegally, your next you will be fine nearly 388 00:19:49,520 --> 00:19:53,560 Speaker 1: one thousand dollars a day, imprisoned and deported, you will 389 00:19:53,560 --> 00:19:57,240 Speaker 1: never return. But if you register using our CBP home 390 00:19:57,280 --> 00:20:00,639 Speaker 1: app and leave now, you could be allowed to reach legally. 391 00:20:01,000 --> 00:20:05,719 Speaker 1: Do what's right. Leave now. Under President Trump, America's laws, 392 00:20:05,920 --> 00:20:08,360 Speaker 1: border and families will be protected. 393 00:20:08,440 --> 00:20:10,600 Speaker 4: Sponsored by the United States Department of Homeland Security.