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Speaker 1: This episode is brought to you by P and C Bank.

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Speaker 1: A lot of people think podcasts about work are boring,

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Speaker 2: Erness What's Up?

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Speaker 3: So we're going to talk about presidential situation in a minute,

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Speaker 3: but before we talk about that, we want to talk

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Speaker 3: about the global tech out that happened last week that

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Speaker 3: is still continuous. Six hundred flights got canceled today. Delta

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Speaker 3: had a can six hundred flights today, So there's still

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Speaker 3: ramifications of the global tech outage that happened last week

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Speaker 3: still continuing this week.

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Speaker 2: And a major.

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Speaker 3: Player in that is CrowdStrike, a company that we've talked

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Speaker 3: about a lot on the show, and as a result

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Speaker 3: of that, their stock tumbled over the last two days

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Speaker 3: Friday and today, So first thoughts on a global tech outage,

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Speaker 3: but then also specifically CrowdStrike. So it's hovering around like

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Speaker 3: two sixty five ish areas, so over thirty percent drop

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Speaker 3: from it's fifty two week high. So would this be

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Speaker 3: a buying opportunity for CrowdStrike?

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Speaker 2: Let's go fall more?

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Speaker 4: Truth be told, Probably need to wait till two forty

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Speaker 4: nine seventy seven. Hell of a drop. Great company. This

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Speaker 4: is now for those of you who have been in it.

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Speaker 4: If you experienced twenty percent drop rule of thumb, please

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Speaker 4: put it in chat. If it drops twenty percent and

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Speaker 4: it's not a top five company, you need to sell

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Speaker 4: it and repositioned in So two forty nine seventy seven

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Speaker 4: if you buy it at seventy seven or two sixty cool.

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Speaker 4: But I would be waiting for two forty nine seventy

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Speaker 4: seven if I wanted to buy it long term. Troy,

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Speaker 4: you're right, CrowdStrike it's not better than TESLAA Elon. I'm

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Speaker 4: so sorry. I think what you're saying to me out

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Speaker 4: of here. Yeah, because it was. I mean, we got

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Speaker 4: a lot of text about it. You know, it's still

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Speaker 4: a great company.

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Speaker 1: Uh, losing twenty billion dollars in evaluation in the three

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Speaker 1: day span is just it's tumultuous. It's a tough run

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Speaker 1: for them, But it talks about the importance of cybersecurity.

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Speaker 1: The most important thing I thought that came from it

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Speaker 1: was like people heard the name CrowdStrike and then it

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Speaker 1: became the number one thing searched on Google.

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Speaker 2: It was like nobody knew what this company was.

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Speaker 1: But it talks about the importance of cybersecurity when it

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Speaker 1: can affect banks, when it confects travel, when it can

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Speaker 1: affect large enterprise and can affect hospitals, and then it's

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Speaker 1: customers as well, right, So you yeah, I mean it

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Speaker 1: first started with Microsoft saying hey, we're down. And the

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Speaker 1: interesting thing is that Microsoft has its own cybersecurity, but

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Speaker 1: they were still using this platform. Obviously it was leading

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Speaker 1: in the space. It's gonna be tough. Like like you said,

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Speaker 1: I was just gonna say that, thanks.

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Speaker 2: Yeah, that.

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Speaker 1: You know, we spoke about market shares last week when

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Speaker 1: we talk about Tesla inside the EV space. When when

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Speaker 1: you talk about market shares inside of cybersecurity, when you

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Speaker 1: ask the.

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Speaker 2: Question, are they better than Tesla?

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Speaker 1: And I was kind of like, nah, there's so much competition,

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Speaker 1: those margins are a lot smaller, right, so they don't

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Speaker 1: have eighteen percent market share, but like right next to

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Speaker 1: them is Microsoft was seventeen percent, and I think Polo

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Speaker 1: Alto is next up with probably.

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Speaker 2: Like fifteen percent.

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Speaker 1: And so you can see when an event like this

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Speaker 1: happens from a company like this, when you're the number

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Speaker 1: one in the space, you're gonna you're gonna lose.

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Speaker 2: Some clients and that's gonna happen. Does it still remain

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Speaker 2: a great company? Yeah?

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Speaker 1: Will it be number one in the space that is

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Speaker 1: in question is in high doubt, high doubt right now,

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Speaker 1: But there are still people who still believe in it.

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Speaker 1: I just saw Kathy Wood was just invested in twelve million, a.

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Speaker 4: Sign that is not going to do well. Look, Kathy,

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Speaker 4: I love you, ark shot to the entire team. Y'all

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Speaker 4: mean the world to me.

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Speaker 2: That is a sign that.

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Speaker 1: Is before before the situation was even resolved. You saw

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Speaker 1: Elon said, look, we'll out we're no longer using this

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Speaker 1: in any of us before they could even.

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Speaker 2: Fit fix the issue.

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Speaker 1: That doesn't help Microsoft obviously, you know this is a

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Speaker 1: huge issue for them. They may look at it as

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Speaker 1: like we don't need you as a client anymore. So yeah,

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Speaker 1: I think the stock moves down a little bit more.

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Speaker 1: We spoke about it in shout out to everybody in

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Speaker 1: ey l u H and a few options called. But

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Speaker 1: this is why it's like, yo. The long term is great.

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Speaker 1: Leaps are great, but if you're going to do short term,

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Speaker 1: be very calculated. If you have a percentage, hit your

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Speaker 1: percentage and move on. Got a few texts about, hey,

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Speaker 1: I was up one hundred and percent in the stock.

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Speaker 1: We pulled down to one hundred and ten. What should

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Speaker 1: I do? You're still up one hundred and ten percent?

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Speaker 2: Rights.

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Speaker 1: This is one of those things like count the blessing

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Speaker 1: and say, is this an opportunity to watch it fall?

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Speaker 1: Or do I take profit? Or do I reposition? I

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Speaker 1: think those are the questions that people should ask. But

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Speaker 1: it's a good question to ask yourself if you're in

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Speaker 1: that position. But I think most importantly is that people

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Speaker 1: have strategy and they didn't panic when they saw it

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Speaker 1: overall for the week. I mean, it was a tough week,

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Speaker 1: but people didn't panic. And that's kind of what I'll

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Speaker 1: talk about a little bit more later.

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Speaker 4: Gross margins seventy five percent, profit margin two point nine

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Speaker 4: to two percent.

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Speaker 2: You cannot get me to believe.

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Speaker 4: That because you did a single line of code out

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Speaker 4: of billions of lines of code that have made a

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Speaker 4: worldwide outage happen, or because you push an update to

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Speaker 4: Falcon if you go on wickstock Com or score space,

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Speaker 4: they got control measurements in place to make sure that

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Speaker 4: when the update goes it does not mess up.

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Speaker 2: And then kudos to the CEO.

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Speaker 4: But when you went on seeing b see in three

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Speaker 4: p sixty p I said, oh baby, not a good sign.

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Speaker 4: I'm here to tell the truth today. When we get

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Speaker 4: to the political commentary, I'm gonna even out and be responsible.

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Speaker 4: But right now, CrowdStrike Paula Auto is on you. Microsoft

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Speaker 4: is on you. And then, as a result, because now

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Speaker 4: more than ever, because of the political climate, we'll get

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Speaker 4: to it in a little bit, every company has to

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Speaker 4: be stronger and safer than ever because we have unrest

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Speaker 4: like we haven't seen in a long period of time.

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Speaker 2: SATI is pissed enough.

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Speaker 4: Microsoft. I'm disappointed for you at the DEI decision. I

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Speaker 4: want to be very clear about that. But SATI is

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Speaker 4: not gonna let this fall on them. And then CrowdStrike

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Speaker 4: you should have to. You have to look out for

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Speaker 4: lawsuits that are going to come their way as a

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Speaker 4: result of this. Fellas if you were going to book

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Speaker 4: that flight, you got a good excuse to why you

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Speaker 4: can't do it today, though tune in the blackout.

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Speaker 2: Maybe I was going to.

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Speaker 1: But they were adamanted about it not being a cyber attack.

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Speaker 1: What's your thoughts on that. I think it was just

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Speaker 1: an upgrade issue.

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Speaker 4: It was a world wide outage, and you want to

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Speaker 4: have me believe that y'all messed up in the uploading

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Speaker 4: of the.

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Speaker 2: New software program.

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Speaker 4: We've had Houston without power center point eight hundred million

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Speaker 4: in mobile power units that never touch down in Houston.

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Speaker 4: We'll get to that one day. Presidential attack or assassination attempt.

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Speaker 4: President incumbent steps down, and you want to tell me

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Speaker 4: that you didn't fuck up the code or the software push? Yeah, right,

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Speaker 4: because if you say a cyber attack, you're out of business.

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Speaker 1: Soilverwick the largest in history, the largest outage in the

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Speaker 1: history of the world.

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Speaker 4: Brosign's in the airports wild what yeah, yeah, Rest in peace,

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Speaker 4: John McAfee. We're gonna have a conversation about John on

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Speaker 4: blackout one day. But that's I got a call the

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Speaker 4: International Monetary Fund mature protective first.

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Speaker 5: So an illegal alien from Guatemala charged with raping a

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Speaker 5: child in Massachusetts. An MS thirteen gang member from Al

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Speaker 5: Salvador accused of murdering a Texas. Man of Venezuelan charged

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Speaker 5: with filming and selling child pornography in Michigan. These are

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Speaker 5: just some of the heinous migrant criminals caught because of

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Speaker 5: President Donald J. Trump's leadership. I'm Christy Noman, the United

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Speaker 5: States Secretary of Homeland Security. Under President Trump, attempted illegal

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Speaker 5: border crossings are at the lowest levels ever recorded, and

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Speaker 5: over one hundred thousand illegal aliens have been arrested. If

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Speaker 5: you are here illegally, your next you will be fined

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Speaker 5: nearly one thousand dollars a day, imprisoned, and deported. You

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Speaker 5: will never return. But if you register using our CBP

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Speaker 5: home app and leave now, you could be allowed to

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Speaker 5: return legally. Do what's right, leave now. Under President Trump,

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Speaker 5: America's laws, border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security,