WEBVTT - Advance Placement: Apple's Plan to Takeover Banking

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 1>are here illegally, your next you will be fined nearly

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<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 3>Apple has beat earnings last week. Yes, what does it

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<v Speaker 3>mean for the stock market over all? And what does

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<v Speaker 3>it mean for the economy. I'm sure Tim Cook's primary

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<v Speaker 3>bedroom's amazing real shout out to Tim Cook and everyone

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<v Speaker 3>on Apple revenue was at ninety four point eight billion

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<v Speaker 3>versus ninety two point six, which was expected, and then

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<v Speaker 3>iPhone was at fifty one point three billion versus forty

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<v Speaker 3>eight point nine. Now they adjusted guidance and revenue because

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<v Speaker 3>running software economy, I get that, yes, but it goes like,

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<v Speaker 3>I mean, just on revenue alone, they made ninety four

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<v Speaker 3>point eight billion. So if you're looking should I invest

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<v Speaker 3>Apple versus another company, you have to invest in the

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<v Speaker 3>companies that are making the most cash.

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<v Speaker 4>So write this down.

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<v Speaker 2>Whoever has the most revenue she being in your consideration

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<v Speaker 2>for what's in your portfolio. So even there on on

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<v Speaker 2>the iPhone side, they did fifty one point three billion

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<v Speaker 2>in a quarter, which is bigger than most companies will

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<v Speaker 2>do in a year. And that the earnings absolutely because

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<v Speaker 2>I mean they weren't expecting the iPhone to have any

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<v Speaker 2>increases quarter. Absolutely, the fact that it went up two

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<v Speaker 2>percent was like, all right, great, this is incredible.

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<v Speaker 4>So yeah, can I run them down?

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<v Speaker 5>Because when we talk about the verticals, a lot of

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<v Speaker 5>people just think Apple. They might think it's just the

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<v Speaker 5>MacBook or it's just the phone. Let's go down all

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<v Speaker 5>the verticals, and we'll just we'll just say that the

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<v Speaker 5>money that was made. So you said iPhone the revenue

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<v Speaker 5>was up fifty one billion, fifty one point three billion.

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<v Speaker 5>Wall Street expected it to be at forty eight, so

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<v Speaker 5>that was a plus. The MacBook it actually went down.

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<v Speaker 5>This was this was something that we'll talk about seven

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<v Speaker 5>point seven billion versus seven point eight billion. The iPad

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<v Speaker 5>also went down in revenue sixty six point sixty seven

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<v Speaker 5>billion as opposed to the six point sixty nine. And

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<v Speaker 5>then the other revenue from the products, so we had

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<v Speaker 5>eight point seven billion as opposed to eight point four

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<v Speaker 5>to three which was expected.

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<v Speaker 4>And then the services.

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<v Speaker 5>So the services is crazy because you think about it. Yeah,

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<v Speaker 5>Apple Music, but one of the biggest things is the

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<v Speaker 5>deal that they have a Google yep to be.

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<v Speaker 2>The number one search engine alone. And we talked about

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<v Speaker 2>this last week and not beefing. You would think Apple

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<v Speaker 2>and Google our competitors. They're technically Apple marctsoft in Google

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<v Speaker 2>like a soft monopoly that operates together.

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<v Speaker 5>I mean twenty billion, twenty almost twenty one billion in

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<v Speaker 5>the quarter just from the services alone.

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<v Speaker 4>Just think about that.

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<v Speaker 5>Yeah, just just having a partnership or having a deal

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<v Speaker 5>with the company that's doing has a product that you're saying,

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<v Speaker 5>this can help us in our businesses. Obviously the app

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<v Speaker 5>stores inside of that as well, but twenty billion just

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<v Speaker 5>in services. So you have all these verticals. Now if

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<v Speaker 5>you look at it, if they're earnings, all of those

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<v Speaker 5>went down except for the iPhone. And Apple still doesn't

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<v Speaker 5>give future guidance. They haven't done it.

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<v Speaker 4>For the past two They're smart, they haven't.

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<v Speaker 5>You don't know what to expect, but we do know

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<v Speaker 5>that growth is exponential each year, and you know that

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<v Speaker 5>a new product is coming. Everybody's waiting for or June

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<v Speaker 5>seventh for the day for them to announce. So I

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<v Speaker 5>mean when Buffet says it's the greatest company we've ever seen,

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<v Speaker 5>I haven't seen anything like it. This is unprecedented, man,

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<v Speaker 5>it's unprecedented. And the board authorized ninety billion and share

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<v Speaker 5>repurchases and divinity, which is huge. Right when you buy

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<v Speaker 5>it back your shares, it brings back the value to

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<v Speaker 5>more shares.

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<v Speaker 4>And the way they're doing this is just.

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<v Speaker 2>And if we look at coinbase in comparison, when Fred

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<v Speaker 2>Wilson was invested as a venture capitalist, they sold everything

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<v Speaker 2>off and then also the CEO Brian Armstrong and last

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<v Speaker 2>time we hear Miami, I had a controversial take about

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<v Speaker 2>coinbase a year later, and that's kind of true. Shout

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<v Speaker 2>out to everyone in the crypto space.

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<v Speaker 4>I love you all.

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<v Speaker 2>I don't want any smoke, right, I'm coming here in peace,

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<v Speaker 2>no podcasts or currency wars on my end. But if

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<v Speaker 2>you look, A great sign if a company is doing

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<v Speaker 2>well is if the companies are doing buybacks and if

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<v Speaker 2>the executives there are holding on.

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<v Speaker 4>I want to run off some quick steps.

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<v Speaker 2>So for Apple one year or year to date, it's

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<v Speaker 2>up thirty eight percent. One year from today, it's been

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<v Speaker 2>up fourteen percent over the last month, up seven percent.

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<v Speaker 2>PE ratio is at twenty nine, which is low, which

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<v Speaker 2>is absolutely amazing. Market kap a two point seventy five

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<v Speaker 2>trillion and the percentage of floated shorts is zero point

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<v Speaker 2>seventy three percent. So that tells you that no one

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<v Speaker 2>thinks this company is going to fall apart. Invest in

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<v Speaker 2>the greatest company that's ever been publicly traded for the

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<v Speaker 2>long term and you will be okay once again. It

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<v Speaker 2>goes back to investing being really simple. If we stick

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<v Speaker 2>to our principles, and I wish more companies were this

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<v Speaker 2>well RAN, so we can have like a more diverse

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<v Speaker 2>swath of companies to invest in. But they are clearly

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<v Speaker 2>like the Lebron James of this or Devin Booker, which

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<v Speaker 2>one is more efficient.

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<v Speaker 4>Of this era? Right?

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<v Speaker 2>Either way, I love Dev. I'll think dav making it

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<v Speaker 2>to the finals, but welcome to third take. But this

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<v Speaker 2>company is probably the most efficient RAN. If I look

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<v Speaker 2>at revenue point per employee, that's a two point three

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<v Speaker 2>to four million. So if you can compare these stats

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<v Speaker 2>and see versus Tassa, how well this is being RAN

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<v Speaker 2>and Tim Cook and the entire team is incredibly focused.

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<v Speaker 2>That's another thing at Berkshire. Even when they mentioned the

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<v Speaker 2>g and the person who's going to replace Buffett, they're

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<v Speaker 2>not on social media.

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<v Speaker 4>They don't eat up up much space.

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<v Speaker 2>They're just head down focus on running a company, and

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<v Speaker 2>that's a metric and the fundamentals that we have to

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<v Speaker 2>focus on more for sure.

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<v Speaker 4>Especially during a recession. I'm glad you brought up point base.

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<v Speaker 5>Brian Ostrum was in the news, he doubled down again

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<v Speaker 5>criticizing SEC for he feels like it is a loan

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<v Speaker 5>attack on anti crypto establishments, him being the number one

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<v Speaker 5>of it. And so from an investment standpoint, if people

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<v Speaker 5>are looking at it, and we kind of went over

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<v Speaker 5>this two weeks ago when we were talking about we

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<v Speaker 5>invest in US companies, but if this US company can't

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<v Speaker 5>thrive here, he'll be forced to go into national Absolute

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<v Speaker 5>is going to lose something to trust on some of

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<v Speaker 5>the investors.

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<v Speaker 4>So he's in a it's in a tough space. Phone. Yeah,

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<v Speaker 4>they should sell to JP Morgan. And I'm not here

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<v Speaker 4>for JP Morgan, but it's like just add to the asset.

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<v Speaker 2>Listen if the CEO YouTube comes out like, hey, we

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<v Speaker 2>don't want any black people to be like leading figures

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<v Speaker 2>like we gotta go to the we gotta go to

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<v Speaker 2>Twitch or some like, you have to make an adjustment. Now,

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<v Speaker 2>if Genzeler leaves and then the next SEC chair is

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<v Speaker 2>crypto favorable, then I have the chance to thrive. But

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<v Speaker 2>when you have a regulatory body basically saying we don't

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<v Speaker 2>want you here, and you get a Wells notice and

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<v Speaker 2>they won't tell you how to play within the lines,

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<v Speaker 2>how do you have a competitive advantage? And I think

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<v Speaker 2>Brian is a great CEO. I just think that the

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<v Speaker 2>regulations won't allow them to thrive.

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<v Speaker 4>Ever, you just brought up a great point. The Wells

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<v Speaker 4>notice you want to just tell people what the Wells notice?

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<v Speaker 2>I mean, the SEC is basically putting you on notice

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<v Speaker 2>that you are doing some unscrupulous things, which I think

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<v Speaker 2>is unfair. Like if you ever played basketball, you went

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<v Speaker 2>to state and you're like, hey, these refs are not

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<v Speaker 2>going to be in our favor. The Wells notices like,

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<v Speaker 2>you listen, you need to be one boy twenty before

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<v Speaker 2>we give you this title. Right, So, now that I

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<v Speaker 2>have a few days to reply, of course they're going

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<v Speaker 2>to reply. They're going to fight back. But if and

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<v Speaker 2>I found the interest in even all, like the stake

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<v Speaker 2>and rewards. When I saw the roll out of the

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<v Speaker 2>Apple rewards card, it looked very similar to what Cardinal

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<v Speaker 2>was doing. So I'm like, now, if I can give

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<v Speaker 2>you all the apy returns and the safety of Apple

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<v Speaker 2>that allows them, and Apple has a great relationship with

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<v Speaker 2>the government and SEC in the White House, that kills

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<v Speaker 2>the majority of mainstream who will never go to crypto

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<v Speaker 2>ethereum bitcoin, Cardinal and you can go there. That's another

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<v Speaker 2>attack that people aren't talking about enough. While the SEC

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<v Speaker 2>is the direct attack. The Apple savings card and being.

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<v Speaker 5>This episode is brought to you by P and C Bank.

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:10:34.800 --> 0:10:38.599
<v Speaker 1>in Massachusetts. An MS thirteen gang member from El Salvador

0:10:38.840 --> 0:10:42.959
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:10:43.040 --> 0:10:46.960
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:10:47.040 --> 0:10:50.800
<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christine Nohm, the United States

0:10:54.440 --> 0:10:59.240
<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:10:59.240 --> 0:11:02.800
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:11:02.880 --> 0:11:06.120
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:11:06.160 --> 0:11:10.000
<v Speaker 1>were here illegally, your next you will be fine nearly

0:11:10.120 --> 0:11:14.120
<v Speaker 1>one thousand dollars a day, imprisoned and deported, you will

0:11:14.160 --> 0:11:17.800
<v Speaker 1>never return. But if you register using our CBP home

0:11:17.840 --> 0:11:21.200
<v Speaker 1>app and leave now, you could be allowed to return legally.

0:11:21.600 --> 0:11:26.320
<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

0:11:26.520 --> 0:11:28.960
<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security. Push

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<v Speaker 2>half one billion dollars in four days, one point four ridiculous.

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<v Speaker 2>That's a side attack as well. So the Wells notice

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<v Speaker 2>is almost like a subpoena for business. Yes, right, the

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<v Speaker 2>sec says, we've done an investigation.

0:11:45.240 --> 0:11:48.560
<v Speaker 4>The next steps are enforcement action is about to happen. Yeah,

0:11:48.600 --> 0:11:49.760
<v Speaker 4>and so they've been served with that.

0:11:50.040 --> 0:11:54.280
<v Speaker 2>If they get an enforcement action, man, it's not good.

0:11:55.040 --> 0:11:57.240
<v Speaker 3>Well yeah, let's talk about that briefly too, because Apple

0:11:57.360 --> 0:12:01.240
<v Speaker 3>definitely we talked about this savings account a few weeks ago.

0:12:01.440 --> 0:12:06.160
<v Speaker 3>So now in the first four days, they brought in

0:12:06.600 --> 0:12:12.480
<v Speaker 3>one billion dollars in deposits. So yeah, uh so the

0:12:12.600 --> 0:12:19.640
<v Speaker 3>newly launched savings account, they yeah, trackted nearly one billion

0:12:19.679 --> 0:12:21.480
<v Speaker 3>dollars in deposits according to a.

0:12:21.480 --> 0:12:25.640
<v Speaker 4>Forbes article, so three weeks ago, I think so.

0:12:25.800 --> 0:12:29.000
<v Speaker 2>And for context, before First Republic went under, they had

0:12:29.120 --> 0:12:30.600
<v Speaker 2>nineteen billion dollars.

0:12:31.000 --> 0:12:33.560
<v Speaker 3>Yeah, and this and this and once again it's this

0:12:33.679 --> 0:12:37.800
<v Speaker 3>is gonna beat four point four point one five percent

0:12:37.920 --> 0:12:43.680
<v Speaker 3>interest and it's backed by Goldman Sachs. Yes, and it's

0:12:43.720 --> 0:12:48.079
<v Speaker 3>it's it's adding to Apple's growing financial services offerings.

0:12:48.200 --> 0:12:48.520
<v Speaker 4>Yes.

0:12:48.840 --> 0:12:53.000
<v Speaker 3>And it's for Apple users, Apple Pay users, I believe.

0:12:54.000 --> 0:12:54.440
<v Speaker 4>So. Yeah.

0:12:54.760 --> 0:12:57.680
<v Speaker 3>Uh, let's Apple car uses Apple car uses. So one

0:12:57.720 --> 0:12:59.920
<v Speaker 3>billion and four and four days. Where do you see

0:13:00.160 --> 0:13:03.559
<v Speaker 3>the trajectory of this long term? What would be out.

0:13:03.720 --> 0:13:07.600
<v Speaker 4>Your crystal ball for this particular product. I think five

0:13:07.679 --> 0:13:08.280
<v Speaker 4>ten years.

0:13:08.120 --> 0:13:11.720
<v Speaker 2>From now, ten years or maybe even five, they should

0:13:11.760 --> 0:13:13.199
<v Speaker 2>have twenty billion dollars.

0:13:13.920 --> 0:13:14.640
<v Speaker 4>Because here's the thing.

0:13:14.720 --> 0:13:19.000
<v Speaker 2>If we if interest rates are slowly going up, formc

0:13:19.160 --> 0:13:20.520
<v Speaker 2>of course, raise a quarter.

0:13:21.760 --> 0:13:22.520
<v Speaker 4>Of one percent.

0:13:22.960 --> 0:13:24.640
<v Speaker 2>I think the rate that will need to get to

0:13:24.679 --> 0:13:26.560
<v Speaker 2>before we top out a six and a half percent,

0:13:27.720 --> 0:13:30.000
<v Speaker 2>which will crush the market, which is what they want

0:13:30.000 --> 0:13:34.440
<v Speaker 2>to do, because they want to slow spending and increase inflation.

0:13:35.400 --> 0:13:38.679
<v Speaker 2>In times of recessions or depressions, people are going to

0:13:38.720 --> 0:13:39.839
<v Speaker 2>look for safety first.

0:13:40.360 --> 0:13:41.040
<v Speaker 4>So like when.

0:13:40.840 --> 0:13:43.840
<v Speaker 2>Countrywide went under in the last recession and allow Bank

0:13:43.880 --> 0:13:48.040
<v Speaker 2>of America and JP Morgan to become the safer alternatives

0:13:48.880 --> 0:13:52.440
<v Speaker 2>now with everyone using these phones in Apple building trust

0:13:52.520 --> 0:13:55.200
<v Speaker 2>in the nineteen eighties, if I have to bank between

0:13:55.240 --> 0:13:56.800
<v Speaker 2>them and P and C, shout out to P and C.

0:13:56.920 --> 0:13:59.480
<v Speaker 2>I love you guys, bankuty for a long time prior

0:13:59.520 --> 0:14:02.480
<v Speaker 2>to going to Capital One. But I have more trust

0:14:02.559 --> 0:14:05.959
<v Speaker 2>with Apple than I do any major bank. So and

0:14:06.040 --> 0:14:08.800
<v Speaker 2>I know there's some places you guys have highlighted in

0:14:08.840 --> 0:14:11.960
<v Speaker 2>the comments where you can get a higher yield, but

0:14:12.200 --> 0:14:15.959
<v Speaker 2>Apple has a higher trust score than Robin Hood. Also,

0:14:16.040 --> 0:14:18.520
<v Speaker 2>if I can get twenty five percent or thirty percent

0:14:18.559 --> 0:14:21.760
<v Speaker 2>return in the stock, why don't I just bank with Apple?

0:14:21.760 --> 0:14:24.680
<v Speaker 2>Because the probability of Apple going under, they are literally

0:14:24.720 --> 0:14:27.000
<v Speaker 2>the too big to fail. If the government has to

0:14:27.000 --> 0:14:29.880
<v Speaker 2>pick between Apple and JP Morgan, Jamie Diamond.

0:14:29.600 --> 0:14:30.480
<v Speaker 4>Will go work for Apple.

0:14:31.480 --> 0:14:35.240
<v Speaker 2>So it's all about who is the safest entity an institution,

0:14:35.440 --> 0:14:38.400
<v Speaker 2>and Apple is probably one of the largest of all time.

0:14:39.000 --> 0:14:40.960
<v Speaker 2>I think in five to ten years they have twenty

0:14:41.000 --> 0:14:43.720
<v Speaker 2>billion dollars under management. And it's the funny part. This

0:14:43.800 --> 0:14:46.080
<v Speaker 2>is like a side project for them. It's not a

0:14:46.120 --> 0:14:47.680
<v Speaker 2>main focus at all.

0:14:47.800 --> 0:14:50.720
<v Speaker 5>Right, we just spoke about the verticals, right, so we

0:14:50.720 --> 0:14:54.000
<v Speaker 5>didn't even talk about financials. So like twenty billion that

0:14:54.040 --> 0:14:56.120
<v Speaker 5>would be on par with what we just said that

0:14:56.200 --> 0:14:59.800
<v Speaker 5>they get from the services component. I mean, when you

0:14:59.840 --> 0:15:02.920
<v Speaker 5>think about that type of money under management, what is

0:15:02.960 --> 0:15:05.080
<v Speaker 5>that place it? Do we see it? Because we have

0:15:05.080 --> 0:15:07.640
<v Speaker 5>the big four and when we talk about and banks

0:15:08.360 --> 0:15:12.280
<v Speaker 5>Top twenty, Top fouteen, Top twenty, top twenty, and Apple

0:15:12.400 --> 0:15:14.440
<v Speaker 5>so smart, they will never come in and be a

0:15:14.480 --> 0:15:16.400
<v Speaker 5>direct competitor. They say, we just want to be an

0:15:16.440 --> 0:15:19.640
<v Speaker 5>ally to assure the safety of the American citizens, to

0:15:19.720 --> 0:15:20.720
<v Speaker 5>give some safety.

0:15:21.160 --> 0:15:22.040
<v Speaker 4>And then I'm sure they.

0:15:21.960 --> 0:15:24.520
<v Speaker 2>Have some preferred apartment partners like Goldman that they'll work

0:15:24.600 --> 0:15:27.000
<v Speaker 2>with now the line. And then also then when they

0:15:27.000 --> 0:15:28.840
<v Speaker 2>make the move into healthcare, so that may be another

0:15:28.880 --> 0:15:31.440
<v Speaker 2>twenty to forty billion. So if you get twenty billion

0:15:31.520 --> 0:15:36.120
<v Speaker 2>under management here, twenty billion of services. If they announced

0:15:36.160 --> 0:15:42.760
<v Speaker 2>that the glasses product amazing healthcare, that's another twenty billion.

0:15:43.040 --> 0:15:46.360
<v Speaker 4>And now you're really the biggest four sectors of all time. Yes,

0:15:46.640 --> 0:15:49.320
<v Speaker 4>all under winter umbrella with.

0:15:49.400 --> 0:15:53.000
<v Speaker 2>Great leadership, great management. So I don't know what wouldever

0:15:53.400 --> 0:15:55.840
<v Speaker 2>like IBM lost this way. The thing that makes Apple

0:15:55.920 --> 0:15:59.560
<v Speaker 2>unique kind of like Lebron deep into their forty year

0:15:59.640 --> 0:16:02.280
<v Speaker 2>fifty year, because normally once it'start this to like thirty years,

0:16:02.320 --> 0:16:05.880
<v Speaker 2>they begin to taper off. They are continuing to find

0:16:05.960 --> 0:16:09.720
<v Speaker 2>ways to innovate and scale into different industries, which like

0:16:09.800 --> 0:16:13.160
<v Speaker 2>Microsoft never could have been like a card manufacturer, or

0:16:13.400 --> 0:16:16.680
<v Speaker 2>like anyone ever wanted to bankle Microsoft back in the day.

0:16:17.240 --> 0:16:21.280
<v Speaker 5>Absolutely not certainly fathomable from that standpoint, then the debunks

0:16:21.280 --> 0:16:24.480
<v Speaker 5>the theory of companies having a thirty year run of dominance.

0:16:24.760 --> 0:16:26.760
<v Speaker 2>For most kinds, it's like an exception. This is this

0:16:26.840 --> 0:16:28.880
<v Speaker 2>is yeah, this is like if Lebron and Jordan was

0:16:28.920 --> 0:16:31.920
<v Speaker 2>like was one person. This is outlier for sure, but

0:16:31.960 --> 0:16:33.840
<v Speaker 2>it goes to show how you should run a company

0:16:33.840 --> 0:16:38.520
<v Speaker 2>ad based on trust, delivering on return, delivering on promises.

0:16:38.600 --> 0:16:40.840
<v Speaker 2>Of course they've had some failed products, but they usually

0:16:40.840 --> 0:16:45.840
<v Speaker 2>bounce back. Really well, there's no stop in this company

0:16:45.880 --> 0:16:46.600
<v Speaker 2>anytime soon.

0:16:47.880 --> 0:16:48.920
<v Speaker 4>Yeah yeah, I.

0:16:48.880 --> 0:16:50.920
<v Speaker 5>Mean, And kind of the question was like what does

0:16:50.920 --> 0:16:53.720
<v Speaker 5>it mean to the market. I remember when I called

0:16:53.720 --> 0:16:57.200
<v Speaker 5>you Wednesday, Yeah, look, and we spoke about our market money,

0:16:57.240 --> 0:16:59.920
<v Speaker 5>like this is important outside of all the contries. So one,

0:17:00.320 --> 0:17:03.160
<v Speaker 5>this is the one. And so when we saw the

0:17:03.160 --> 0:17:07.960
<v Speaker 5>iPhone with what sheet was estimated and how the stop

0:17:07.960 --> 0:17:10.480
<v Speaker 5>went up. I'm like, all right, great, that means at

0:17:10.560 --> 0:17:12.880
<v Speaker 5>least Thursday and Friday we're going to see some some

0:17:13.040 --> 0:17:16.359
<v Speaker 5>positive days just because of the weighted impact that Apple

0:17:16.440 --> 0:17:19.040
<v Speaker 5>has on the S and P and from a lot

0:17:19.040 --> 0:17:21.720
<v Speaker 5>of the ETF especially QQQ, and we talked about it's

0:17:21.720 --> 0:17:24.600
<v Speaker 5>okay all the time, but like the amount that is

0:17:24.680 --> 0:17:27.800
<v Speaker 5>weighted on that company, it has a negative quarter, we're

0:17:27.840 --> 0:17:28.280
<v Speaker 5>in trouble.

0:17:28.480 --> 0:17:30.040
<v Speaker 4>Yeah, it's gonna affect everything.

0:17:30.160 --> 0:17:33.399
<v Speaker 2>Yeah, and a great part is like they're currently hunting

0:17:33.480 --> 0:17:36.280
<v Speaker 2>for what will replace the iPhone. Like a couple analysts

0:17:36.320 --> 0:17:38.960
<v Speaker 2>believe like in ten years the iPhone will kind of

0:17:38.960 --> 0:17:41.840
<v Speaker 2>go the pathway of what the iPod went. For those

0:17:41.920 --> 0:17:44.240
<v Speaker 2>who don't know, at one point the number one driver

0:17:44.320 --> 0:17:47.119
<v Speaker 2>of revenue for Apple was the iPod, and then the

0:17:47.160 --> 0:17:50.280
<v Speaker 2>iPhone came out and all the iterations from their iPhone

0:17:50.280 --> 0:17:53.280
<v Speaker 2>fifteen should be coming out pretty soon. But there I

0:17:53.280 --> 0:17:55.040
<v Speaker 2>don't know if it will be the glasses product, but

0:17:55.080 --> 0:17:57.520
<v Speaker 2>they're looking for a revenue replacment for the iPhone, and

0:17:57.520 --> 0:17:59.200
<v Speaker 2>if they do that.

0:17:58.600 --> 0:18:01.040
<v Speaker 4>That will look stend them another ten fifteen years as well.

0:18:01.160 --> 0:18:02.119
<v Speaker 4>So yeah, and the.

0:18:02.359 --> 0:18:04.840
<v Speaker 5>Reason a lot of from what they're saying that you know,

0:18:04.840 --> 0:18:07.520
<v Speaker 5>the numbers were down for the MacBook and the iPad

0:18:07.560 --> 0:18:08.879
<v Speaker 5>is because we're the comparison.

0:18:08.960 --> 0:18:10.400
<v Speaker 4>You're comparing it year over year.

0:18:10.480 --> 0:18:12.760
<v Speaker 5>Yeah, and so you're talking about a time when people

0:18:12.800 --> 0:18:15.399
<v Speaker 5>were buying YEP computers at a different rate, that were

0:18:15.440 --> 0:18:19.240
<v Speaker 5>buying uh tablets at a different rate. Now posted this

0:18:19.320 --> 0:18:20.959
<v Speaker 5>year where it's like, all right, they're not buying them

0:18:20.960 --> 0:18:23.520
<v Speaker 5>at the same rate. Plus with some storages obviously with

0:18:23.560 --> 0:18:26.440
<v Speaker 5>some some apply chain issues, and so that affects the numbers.

0:18:26.640 --> 0:18:29.600
<v Speaker 5>So yeah, I think we'll see those numbers change over

0:18:29.640 --> 0:18:32.840
<v Speaker 5>the next two to three quarters. But we saw them

0:18:33.000 --> 0:18:35.160
<v Speaker 5>even now, like with the air Buzz. It almost looks

0:18:35.160 --> 0:18:38.520
<v Speaker 5>like they're bringing the iPod back right a new ones

0:18:38.560 --> 0:18:40.440
<v Speaker 5>that have the screen on it. So I mean, they're

0:18:40.480 --> 0:18:42.560
<v Speaker 5>just going to keep innovating. Man shout out to Apple.

0:18:43.280 --> 0:18:46.119
<v Speaker 5>Uh my portfolio looks great with them in it. On

0:18:46.240 --> 0:18:49.879
<v Speaker 5>seven three oh baby, by the best.

0:18:51.960 --> 0:18:57.200
<v Speaker 3>My graduates from my school being forced back drop drop,

0:18:58.080 --> 0:18:59.480
<v Speaker 3>drop drop.

0:19:10.520 --> 0:19:14.200
<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:19:14.240 --> 0:19:18.040
<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:19:18.280 --> 0:19:22.399
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:19:22.480 --> 0:19:26.359
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:19:26.480 --> 0:19:30.240
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:19:30.240 --> 0:19:33.800
<v Speaker 1>Donald J. Trump's leadership. I'm Christy Noman, the United States

0:19:33.840 --> 0:19:38.600
<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:19:38.680 --> 0:19:42.240
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:19:42.280 --> 0:19:45.520
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:19:45.600 --> 0:19:49.439
<v Speaker 1>are here illegally, your next you will be fine nearly

0:19:49.520 --> 0:19:53.560
<v Speaker 1>one thousand dollars a day, imprisoned and deported, you will

0:19:53.560 --> 0:19:57.240
<v Speaker 1>never return. But if you register using our CBP home

0:19:57.280 --> 0:20:00.639
<v Speaker 1>app and leave now, you could be allowed to reach legally.

0:20:01.000 --> 0:20:05.719
<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

0:20:05.920 --> 0:20:08.360
<v Speaker 1>border and families will be protected.

0:20:08.440 --> 0:20:10.600
<v Speaker 4>Sponsored by the United States Department of Homeland Security.