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Speaker 3: So it's your own pal medical change your pal espress
Speaker 3: concerns about the timing of potential rate cut, So what
Speaker 3: are that implication if the Fed has it waited too
Speaker 3: long to cut rates? And how could this affect the economy?
Speaker 3: I think it's a great question, but I don't think
Speaker 3: it can ever be too late. That's like saying it's
Speaker 3: too late to give a person a cash infusion.
Speaker 4: Asked the winner of one hundred grand if she got
Speaker 4: the money too late, And I'm like, it came right
Speaker 4: on time.
Speaker 2: So if we get a rate cut.
Speaker 4: It would definitely help the market overall because we need
Speaker 4: some breathing room somewhere. Like now, everything is higher and
Speaker 4: cash is compressed a little bit more, even in this market,
Speaker 4: even though the stock markets went up as a bunch
Speaker 4: outside of Berkshire Hathaway, I haven't seen warranted down with
Speaker 4: Becky Quick in a long time. They're used to do
Speaker 4: that when it's time for that sign of safety. They
Speaker 4: have not done it. Everything's rot I said it on stage.
Speaker 4: Jensen is not as great ass, but he is this
Speaker 4: generation Steve Jobs. Everything is hanging on to a thread
Speaker 4: according to what Nvidio is doing.
Speaker 2: So I don't think it would be too late for
Speaker 2: a radcut now. If I was running for.
Speaker 4: Office, i had a lead, I would love a rate
Speaker 4: cut right now because it'll really be over with.
Speaker 5: So staying out of politics, who you're doing with CEO
Speaker 5: of the Yeah, no, no, c CEO of the year.
Speaker 5: Is it Jensen or is it other word? You have
Speaker 5: to ask goes to Jensen. Mark has done a great job.
Speaker 5: Mark has done a great job.
Speaker 4: But I think Jensen, like when when you your decision
Speaker 4: making impacts the country, Yeah, that's bigger than just business
Speaker 4: as a whole like he is the darling CEO, and
Speaker 4: then Vidiot is a darling like publicly traded company of
Speaker 4: America right now.
Speaker 2: So I think he gets to end as the corporate edge.
Speaker 5: I think the I mean he's in your pocket, right
Speaker 5: the person in the world literally, I mean everybody's using
Speaker 5: his platform. Yeah, so it's just a Powell has an
Speaker 5: I mean, obviously he has a huge role to play,
Speaker 5: and it's a tough decision. Right He's still is talking
Speaker 5: about having this two percent interesting like two percent.
Speaker 2: I don't I don't know how I would not want
Speaker 2: that job.
Speaker 5: The problem is if you if you make the cut,
Speaker 5: and all signs of are pointing to a quarter cut
Speaker 5: in September, and the market's kind of you know, priced
Speaker 5: that in already.
Speaker 2: If you if you make the cut, you know what
Speaker 2: happens to the market.
Speaker 4: Oh yeah, it shoots up to the mode rights going
Speaker 4: back up, going up.
Speaker 5: If he cuts it to half a point, now we're
Speaker 5: talking about, I mean a real rise in the market.
Speaker 5: If there's a rise, then there could be the chance
Speaker 5: that inflation peaks up again.
Speaker 2: Now if it peaks up again, now what and housing
Speaker 2: prices me? Then what? Right?
Speaker 5: Because it now how do we This is a balancing
Speaker 5: act that becomes super difficult. So I understand why they
Speaker 5: haven't made one to this point because he's watching the
Speaker 5: economic data.
Speaker 2: Geopolitical factors will play a role in that.
Speaker 5: Obviously, the catalysts of it, or maybe not catalysts of
Speaker 5: the video, will have a role to play in that.
Speaker 5: But it's delicate. It's like a super delicate. That's why
Speaker 5: he has the toughest job. And I mean, I think
Speaker 5: he's done a pretty He's coming. He's going to get
Speaker 5: to the salt planted. I know you said know about
Speaker 5: salt landed. They're pretty adamantly making it there. And if
Speaker 5: he can do this bout and act, it will be one.
Speaker 5: But I don't know if because after after September, I'll
Speaker 5: say this, after September, every indicator is shown that there's
Speaker 5: going to be a cut every month going into twenty five.
Speaker 5: All Right, so we're talking maybe we shaved inflation, we
Speaker 5: save the rates down by uh.
Speaker 2: Wait, so they're going to do on September, October, November.
Speaker 2: They had a.
Speaker 5: Quarter for September, they had I think they skipped October.
Speaker 5: They had half a point in November, ended another quarter
Speaker 5: in decemiser. So you're talking about Sei Trump. You can
Speaker 5: wrap it up so then you can see a full
Speaker 5: a full point by the end of the year.
Speaker 4: What what that's like if I go to everybody house
Speaker 4: before investors and give him three thousand dollars.
Speaker 2: But yo, I'm gonna bet the people's favorite. But you
Speaker 2: know who's going to really win in the end, the
Speaker 2: retail investor happens.
Speaker 5: That's true, which is why you got to have It's
Speaker 5: gotta give me the product because.
Speaker 2: If you're in that in that flow of it, that
Speaker 2: you're gonna.
Speaker 4: To take advantage of it for sure. Do you think
Speaker 4: that's your cut rates Spember October?
Speaker 3: Yeah, I mean I feel like it will help stimulate
Speaker 3: the economy for sure, and it'll helped her fears of
Speaker 3: a pending recession.
Speaker 4: Yeah, that they're doing a good job of putting that off.
Speaker 4: That's like when your girl and I had to talk
Speaker 4: with you and then you like, gotta stay late for work, fellas.
Speaker 2: Yeah, I gotta do a little overtime. I know, we
Speaker 2: gott to talk overtime.
Speaker 3: So speaking of in video, earnings come out Wednesday. A
Speaker 3: lot of people are anticipating their earnings. So Bank of
Speaker 3: America is offering market edge mistakes that so let's talk
Speaker 3: about that with Bank of America, and then also let's
Speaker 3: talk about in vidios upcoming earnings report, right, like, how
Speaker 3: what's the what is the expectations for it?
Speaker 4: I think they will be earnings, but I don't think
Speaker 4: it'll be a home run.
Speaker 2: I think people want Blockbuster.
Speaker 6: Now.
Speaker 4: If you get Blockbuster earnings, great, but I wouldn't set
Speaker 4: my hat today. It goes back to your rule of
Speaker 4: investment of being conservative. I think if they set a
Speaker 4: conservative tone to overdelivered, going back to that under promise,
Speaker 4: over deliver, everything will be fine.
Speaker 2: As far as the hedge, I love.
Speaker 4: Everyone in Bank of America, Brian more thanhand one of
Speaker 4: the best finance CEOs, But I think to offer a
Speaker 4: hedge for a retail investor at this time would be
Speaker 4: a mistake. Not if you institutional or fund manager, that
Speaker 4: may be different. But I don't think there is a
Speaker 4: hedge that will give you a great return if you
Speaker 4: miss out on the upside of the video for the
Speaker 4: next two or three years, and a hedge you shorting
Speaker 4: yeah or you yeah. So like even if let's say
Speaker 4: you're positive that AMD or super micro would do better
Speaker 4: maybe for a short period of time, but I think
Speaker 4: it's been very clear that it's established, like Nvidio is
Speaker 4: going to be the leader for at least the next
Speaker 4: two or three years, especially if Tesla has to be
Speaker 4: removed or will be removed auto Max seven, like you
Speaker 4: have to find another component to then put that in
Speaker 4: because everything. You can't have a fun weighted twenty two
Speaker 4: percent on the video, like, so have mild expectations. If
Speaker 4: they come in and hit a home run, even better,
Speaker 4: but I don't like going in. That's like when I'm
Speaker 4: saying bigcoin was going to one hundred thousand once they
Speaker 4: placed the expectation on it, or you can do it's
Speaker 4: fall on.
Speaker 2: It's only down from there. It's only down. Yeah, I
Speaker 2: think I think they'll hit a home run. I don't
Speaker 2: don't think it'll be a grand slam. Okay, I can
Speaker 2: see that, right because they just I mean, they've gone
Speaker 2: beyond that.
Speaker 5: Like they're looking like Aaron Judge out here right now, right,
Speaker 5: so I think they also know they're.
Speaker 2: Looking like they're looking like they're looking like, oh got.
Speaker 5: You okay, reach It's like, right, I don't I don't
Speaker 5: know if it'll be maybe right, But I would anticipate
Speaker 5: a home run here based on all of the sales
Speaker 5: and the revenue that they're getting from like you said,
Speaker 5: super corporate. The announcement the Blackwell, they said there was delayed.
Speaker 5: They came back part of that. So that's what I'm saying.
Speaker 5: That is the slight thing, right I said before it
Speaker 5: was what is the cost of worth to spend? And
Speaker 5: the other part is how delayed is the Blackwell product?
Speaker 5: Like I said, they're doing new innovation each year. Once
Speaker 5: they announced it, it was like, oh, wait, the product's
Speaker 5: going to be delayed. Ready they said, there's not the
Speaker 5: truth of that. It was over exploited, right, And so
Speaker 5: we'll see. We'll see how many people have ordered that
Speaker 5: because that will probably be in this quarter to see
Speaker 5: since the announcement of it, how many or is it
Speaker 5: come and if it's going to meet the expectation of
Speaker 5: delivery by the end of this year or the top
Speaker 5: of next year. So that would be interesting to see.
Speaker 5: I don't think we're going to get disappointed Wednesday. No, No,
Speaker 5: I don't know. I think it's a home run.
Speaker 2: Yeah. Yeah, I mean, if it's not great, I'm buying more.
Speaker 3: Yeah, we'll see because sometimes you know, meta meta hit
Speaker 3: a home run and they and then start to drop.
Speaker 4: That's an interesting part about art is that you can
Speaker 4: hit a home run rocking on all cylinders. And if
Speaker 4: we just talk mind share and use of app, I
Speaker 4: don't know what app it gets more used than Yeah,
Speaker 4: what's in the matter between what's happened? Instagram? Facebook? Watch
Speaker 4: time is incredible? Maybe YouTube is the next closest. Maybe,
Speaker 4: but I didn't see people on YouTube. Well, Ben, I
Speaker 4: saw everybody on I G.
Speaker 2: Everybody's there.
Speaker 3: Yeah, that's part of being a publicly traded companies that
Speaker 3: you have to do quarterly. Yeah, you have to release
Speaker 3: your financial statements to let the people know.
Speaker 4: Ladies, you should make some of the men do the
Speaker 4: same thing. Put that paperwork out for But if we're
Speaker 4: talking about on blackout the P and L, so we'll see,
Speaker 4: we'll see how in video.
Speaker 2: Actually a great idea. No it's not. We don't. We
Speaker 2: don't watch anybody's money.
Speaker 5: People do lead that to the other fee for after
Speaker 5: the laws.
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