Speaker 1: Bloomberg Audio Studios, Podcasts, radio news.
Speaker 2: Single best Idea, Two tidbits of an eventful Friday.
Speaker 1: Here.
Speaker 2: I'm Bloomberg Surveillance, Inside Baseball on some history as well.
Speaker 2: Most of this process that we do it for three
Speaker 2: hours was invented years ago. I'm actually sitting in the
Speaker 2: room where it was invented here at our world headquarters
Speaker 2: by Emily. Emily went and said, okay, we got to
Speaker 2: do this. We have a staff of twenty, I have
Speaker 2: three interns. All the rest of it great, but the overload,
Speaker 2: the bearing of getting all these guests in all these voices.
Speaker 2: You can imagine trying to do it for one day,
Speaker 2: for five days, or to do it across a twenty
Speaker 2: day month. This Friday was an example of a spectacular
Speaker 2: guest list. We could have done two here, two here,
Speaker 2: two here. I could have done a three hour podcast
Speaker 2: of surveillance single best idea. But instead we have to
Speaker 2: choose and choose rapidly, and we do that because the
Speaker 2: staff really controls the show. I can't say enough how
Speaker 2: I'm not involved in picking the guests. We go over
Speaker 2: them and all that. This one was good, this one
Speaker 2: was bad, and that, But what a joy to walk
Speaker 2: into the world headquarters today of Bloomberg and see the
Speaker 2: quality of our guests. Dan iives will join us in
Speaker 2: a moment, no doubt on Apple. But Ediar Denny is here,
Speaker 2: and he is identified with the bull market, not lest October,
Speaker 2: but the two October is now on, and it's beginning
Speaker 2: to be a great bull market. There's another bullmarket. It's
Speaker 2: out there in bitcoin. I mean, come on, you got
Speaker 2: to ask you Edjo Denny about bitdog.
Speaker 1: Well, this will probably get a lot of people mad
Speaker 1: at me, but I mean, well, and that is I
Speaker 1: view I view bitcoin as a digital tulips. In other words,
Speaker 1: it is kind of like what happened in Holland with
Speaker 1: the bubble in tulips. But there's a huge difference here
Speaker 1: which really presents the possibility of much higher upside which
Speaker 1: we've already seen. And that is the notion that it's
Speaker 1: a global market and it's open twenty four by seven,
Speaker 1: and we're talking about tens of thousands, hundreds of thousands,
Speaker 1: millions of people playing in the bitcoin marketplace. So I
Speaker 1: have no idea how high I could go. I have
Speaker 1: no idea how low it can go.
Speaker 2: Ed Yard Denny. There's Scarlett fu sitting in for Paul
Speaker 2: swhen he fell off for chair. When he said digital tulips,
Speaker 2: I thought that was absolutely perfect. Mister Yardanny very importantly
Speaker 2: reconfirming his optimism to fifty four hundred. This year he
Speaker 2: remodeled out six thousand, and he did not model sixty
Speaker 2: five hundred out to twenty twenty six. I don't want
Speaker 2: to put words in his mouth, but doctor Yardenny made
Speaker 2: very clear that the trends in place can stay in place,
Speaker 2: and that's how you begin to imagine sixty five hundred SPX.
Speaker 2: I'm going in my head say that's now forty eight thousand,
Speaker 2: fifty thousand out there somewhere. We will see as we go.
Speaker 2: He is, with a question, the hardest traveling securities analyst
Speaker 2: on the street. Why because people insist on listening to Daneyes,
Speaker 2: he's at Wedbush and if you just follow him on
Speaker 2: social the airplane schedule is absolutely brutal. We were talking
Speaker 2: about the nice that hees, say of Singapore airlines or
Speaker 2: you know, the domestic airlines as he does where he
Speaker 2: goes twenty days a month. I would say on a
Speaker 2: global basis, he thinks nothing of flying to Australia for
Speaker 2: seventy two hours, and of course all of that and
Speaker 2: of course a huge cost in doing that. For webbush
Speaker 2: is made up by people that demand to hear from
Speaker 2: this opinionated technology analyst. Dan Eyes is so good that
Speaker 2: even if you totally disagree with him, you want to
Speaker 2: hear is thinking. It's not that he's been wrong on Apples.
Speaker 2: Apple's been sort of resilient. I'll say he's been off
Speaker 2: the mark on Tesla, and there's been a couple other doozies,
Speaker 2: but on Apple he was brilliant today. Just as one
Speaker 2: quick tidbit modeling out late in the conversation that the
Speaker 2: services segment of Apple at two ninety nine U spend
Speaker 2: for the Bob Bragg's story, you know, the movie that's
Speaker 2: out on Apple right now, those services fees is a
Speaker 2: one point five trillion dollar business. Just one tidbit from
Speaker 2: Dan ives today. But far more importantly it's about the
Speaker 2: view forward for Coopertino.
Speaker 3: And that's what it's all about right now for Apple
Speaker 3: I CA. You just keep going back to two point
Speaker 3: two billion iOS devices, D'STI and saw base. You have
Speaker 3: two in seventy five million iPhones that have been upgrade
Speaker 3: four plus years. Now you have AI coming to it.
Speaker 3: But I believe a new app store, an AI coming
Speaker 3: to iPhone sixteen with them owning their own chips. That's
Speaker 3: that's why I believe a year from now, this is
Speaker 3: a comment's going toward four trillion, not going lower in
Speaker 3: terms of the sentiment.
Speaker 2: Dana ives resilient on Apple and making clear off of
Speaker 2: I believe it's a May second earnings report. You know what,
Speaker 2: it may take a little longer to see the future
Speaker 2: of the dan and ives optimism with Apple. We did
Speaker 2: talk about the eighteen chip as well. Look to Mark
Speaker 2: German and his must read power on all things Apple
Speaker 2: and Frankly German going out to a little bit other
Speaker 2: technology as well. It's real simple. This is a growing project.
Speaker 2: As I say, it's a work in progress. Thank you
Speaker 2: so much for your support, particularly thinking Apple for best practices.
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