1 00:00:01,280 --> 00:00:03,520 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:03,920 --> 00:00:06,680 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:06,880 --> 00:00:10,719 Speaker 1: and sure they definitely can be. But understanding of professionals 4 00:00:10,800 --> 00:00:14,040 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,440 --> 00:00:18,079 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,560 --> 00:00:21,360 Speaker 1: It might seem boring to save, plan and make calculated 7 00:00:21,400 --> 00:00:24,479 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,520 --> 00:00:27,840 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:27,960 --> 00:00:32,800 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 10 00:00:32,840 --> 00:00:35,479 Speaker 1: Boring since eighteen sixty five is a service mark of 11 00:00:35,520 --> 00:00:38,720 Speaker 1: the PNC Financial Service Group, Inc. P and C Bank 12 00:00:39,159 --> 00:00:41,360 Speaker 1: National Association Member FDIC. 13 00:00:43,000 --> 00:00:44,879 Speaker 2: All right, well, let's bring our guests on. You have 14 00:00:44,920 --> 00:00:46,600 Speaker 2: our guest, Caleb Silver. 15 00:00:47,400 --> 00:00:50,400 Speaker 1: Friend of the show, Calip, what's good? 16 00:00:50,440 --> 00:00:54,680 Speaker 3: My guy? My brother? How are you y'all? Twenty? 17 00:00:55,240 --> 00:00:56,280 Speaker 1: Cal what's got man? 18 00:00:56,600 --> 00:00:56,720 Speaker 3: Good? 19 00:00:56,800 --> 00:00:57,080 Speaker 2: March? 20 00:00:58,280 --> 00:00:58,760 Speaker 3: Good March? 21 00:01:00,360 --> 00:01:02,400 Speaker 1: Tell what happens every time you would ask my shirt man? 22 00:01:03,040 --> 00:01:05,600 Speaker 3: I get so many phone numbers dropped on me. I 23 00:01:05,640 --> 00:01:07,640 Speaker 3: got people DM and me left and right. I can't 24 00:01:07,640 --> 00:01:11,399 Speaker 3: walk around my family. It's embarrassing. Not only not only 25 00:01:11,400 --> 00:01:14,360 Speaker 3: do I look fly fresh to death. It's warm. You 26 00:01:14,360 --> 00:01:16,840 Speaker 3: guys got a good sale going on right now, and 27 00:01:17,000 --> 00:01:19,960 Speaker 3: it is. It is probably the most important metric in 28 00:01:20,000 --> 00:01:23,840 Speaker 3: the stock market right now, Assets over liabilities, right, gross 29 00:01:23,880 --> 00:01:26,720 Speaker 3: profit margins, revenue per employee. That's what's driving a lot 30 00:01:26,720 --> 00:01:29,760 Speaker 3: of these stocks right now. So your logo is perfect 31 00:01:29,800 --> 00:01:32,360 Speaker 3: and this is the perfect hoodie for the cold winners 32 00:01:32,360 --> 00:01:32,960 Speaker 3: of New York City. 33 00:01:33,319 --> 00:01:35,520 Speaker 1: Yes, I appreciate you. One of my favorite people on 34 00:01:35,560 --> 00:01:36,360 Speaker 1: the planet. 35 00:01:36,000 --> 00:01:39,160 Speaker 2: Absolutely, and I tell my friends not to kidnap you 36 00:01:39,160 --> 00:01:39,960 Speaker 2: in Atlanta anymore. 37 00:01:41,040 --> 00:01:43,280 Speaker 3: Yeah, that's okay. That ended up being one of the 38 00:01:43,280 --> 00:01:45,320 Speaker 3: greatest nights of my life. Shout out to my guys 39 00:01:45,319 --> 00:01:47,840 Speaker 3: in India right now. I know, I know they're tapped 40 00:01:47,880 --> 00:01:50,760 Speaker 3: in to market Mondays as usual. Good to be with 41 00:01:50,800 --> 00:01:52,200 Speaker 3: you as always, my friends. 42 00:01:52,600 --> 00:01:56,560 Speaker 2: All right, So Caleb Silva, editor in cheap of Investopedia 43 00:01:56,720 --> 00:01:59,520 Speaker 2: and just all around very intelligent person when it comes 44 00:01:59,560 --> 00:02:01,320 Speaker 2: to stocks, and it has been a great resource and 45 00:02:01,920 --> 00:02:05,000 Speaker 2: bring into the program and everything that we've done from 46 00:02:05,040 --> 00:02:09,840 Speaker 2: investmest to market Mondays to earn your leisure. So always 47 00:02:09,880 --> 00:02:12,320 Speaker 2: appreciate when you come on and share share your wisdom. 48 00:02:12,360 --> 00:02:15,840 Speaker 2: You've done, uh, technically, you've done technical analysis when it 49 00:02:15,880 --> 00:02:19,160 Speaker 2: comes to cryptocurrency, you done all types of different stuff. 50 00:02:19,200 --> 00:02:23,640 Speaker 2: So I want to start the conversation with Netflix. So 51 00:02:24,360 --> 00:02:27,520 Speaker 2: you know, we talked about this on Instagram a few 52 00:02:27,600 --> 00:02:31,000 Speaker 2: days ago, where at the time it appeared that they 53 00:02:31,080 --> 00:02:35,440 Speaker 2: acquired Warner Brothers and all streaming assets well in a 54 00:02:35,480 --> 00:02:38,720 Speaker 2: seventy two billion dollar deal and that was something that 55 00:02:38,760 --> 00:02:40,760 Speaker 2: really just broke the internet. But then a few days 56 00:02:40,800 --> 00:02:43,880 Speaker 2: later the Trump administration raised concerned about Netflix purchase of 57 00:02:43,919 --> 00:02:47,560 Speaker 2: Warner Brothers and said that not so fast as far 58 00:02:47,600 --> 00:02:52,639 Speaker 2: as raised the concerns about it being a monopoly. So okay, 59 00:02:52,680 --> 00:02:55,200 Speaker 2: let's let's talk about let's have a whole conversation about this. 60 00:02:56,360 --> 00:03:01,240 Speaker 2: But first let's let's talk about from educational standpoint, and 61 00:03:01,280 --> 00:03:03,600 Speaker 2: it goes to the website. But people that may not 62 00:03:03,720 --> 00:03:07,760 Speaker 2: know what is a monopoly? Right? Where is that the 63 00:03:07,840 --> 00:03:12,000 Speaker 2: antid trust in the government come into play at some 64 00:03:12,080 --> 00:03:13,880 Speaker 2: point in tom I believe you know, we had this 65 00:03:14,000 --> 00:03:16,639 Speaker 2: is like the stop all of the Carnegie Rockefellers things 66 00:03:16,639 --> 00:03:19,160 Speaker 2: that happened in the early turn of the century. So 67 00:03:19,240 --> 00:03:23,919 Speaker 2: talk about monopolies and how this all comes into where 68 00:03:24,080 --> 00:03:26,160 Speaker 2: where we get hit. Now, Yeah, this. 69 00:03:26,200 --> 00:03:28,440 Speaker 3: Is beautiful, this is this is the entire sort of 70 00:03:28,480 --> 00:03:31,320 Speaker 3: history of American capitalism, all coming to in head over 71 00:03:31,480 --> 00:03:35,000 Speaker 3: entertainment assets, the biggest ones being obviously the Warner Brothers 72 00:03:35,280 --> 00:03:39,040 Speaker 3: Library and Netflix, which would have become the biggest content 73 00:03:39,160 --> 00:03:42,120 Speaker 3: company in the world. Basically, so monopoly goes all the 74 00:03:42,120 --> 00:03:44,760 Speaker 3: way back to the anti Trust Acts of the Railroad Acts, 75 00:03:44,800 --> 00:03:47,880 Speaker 3: the Sherman Act of the Railroad Acts in the nineteenth 76 00:03:47,920 --> 00:03:51,160 Speaker 3: century late nineteenth century, when the railroads were developing in 77 00:03:51,200 --> 00:03:53,800 Speaker 3: this country, they were building out, trying to get cross country, 78 00:03:53,960 --> 00:03:56,360 Speaker 3: and there were several big ones that were colluding together. 79 00:03:56,680 --> 00:03:59,120 Speaker 3: And that defines monopoly. When you have one, two or 80 00:03:59,120 --> 00:04:02,600 Speaker 3: more parties collude together to try to corner our market 81 00:04:02,640 --> 00:04:06,360 Speaker 3: and control market share, that is deemed monopolistic. When they 82 00:04:06,360 --> 00:04:09,800 Speaker 3: make it anti competitive for competitors to enter the market 83 00:04:10,000 --> 00:04:14,360 Speaker 3: and anti competitive for suppliers potentially to supply to those competitors, 84 00:04:14,520 --> 00:04:20,760 Speaker 3: that's monopoly. And usually the Federal Trade Commission rules against 85 00:04:20,800 --> 00:04:22,960 Speaker 3: monopolies and have tried to strike them down. And except 86 00:04:22,960 --> 00:04:25,200 Speaker 3: when the price is right, and we saw today, or 87 00:04:25,240 --> 00:04:28,960 Speaker 3: it was today yesterday, beautiful hostile takeover bid from a 88 00:04:29,000 --> 00:04:32,200 Speaker 3: competitor now entering the market, So you have a monopoly 89 00:04:32,480 --> 00:04:34,800 Speaker 3: potentially you have an anti trust ruling and now you 90 00:04:34,880 --> 00:04:37,919 Speaker 3: have a hostile takeover bid, all wrapped into one story. 91 00:04:37,960 --> 00:04:40,839 Speaker 3: This is Investipedia wrapped up in a beautiful box with 92 00:04:40,839 --> 00:04:42,240 Speaker 3: a bow. I love it. 93 00:04:42,279 --> 00:04:44,480 Speaker 1: Doesn't this make it a little bit more interesting that 94 00:04:44,760 --> 00:04:48,800 Speaker 1: the administration is involved in this? Obviously they said that, 95 00:04:49,240 --> 00:04:51,040 Speaker 1: you know, they don't want it to be a monopoly. 96 00:04:51,160 --> 00:04:53,479 Speaker 1: And then today the President said that he doesn't have 97 00:04:53,520 --> 00:04:56,600 Speaker 1: friends on either side, but a little dig into the research, 98 00:04:57,080 --> 00:04:59,120 Speaker 1: he doesn't have friends, but he definitely has family on ons. 99 00:04:59,200 --> 00:05:03,200 Speaker 1: That's interest, yeah, and invested interest. I mean this is 100 00:05:03,279 --> 00:05:03,960 Speaker 1: pretty unique. 101 00:05:04,760 --> 00:05:07,520 Speaker 3: Yeah, it's pretty unique, but it's not unusual to this administration. 102 00:05:07,600 --> 00:05:09,080 Speaker 3: The last time I was on here with you guys 103 00:05:09,120 --> 00:05:11,720 Speaker 3: a few months back after this administration took off, As 104 00:05:11,760 --> 00:05:14,080 Speaker 3: I said, the most important metric right now for companies 105 00:05:14,320 --> 00:05:17,440 Speaker 3: is proximity to power. Who is sitting at the White House, 106 00:05:17,800 --> 00:05:21,120 Speaker 3: who's having dinner, who's being invited to the CEO private 107 00:05:21,120 --> 00:05:25,960 Speaker 3: dinners and mar A Lago for golf and drinks by 108 00:05:25,960 --> 00:05:28,120 Speaker 3: the pool. And if you're in that camp, you've done 109 00:05:28,240 --> 00:05:30,960 Speaker 3: very well as a stock. And this administration has proved 110 00:05:31,000 --> 00:05:33,799 Speaker 3: that it is going to do what's in its best interest, 111 00:05:33,839 --> 00:05:35,760 Speaker 3: in the best interest the people that are close to it, 112 00:05:36,000 --> 00:05:39,320 Speaker 3: and also put their hand into private businesses, whether that's 113 00:05:39,560 --> 00:05:43,040 Speaker 3: investments in companies like Intel, or whether that's trying to 114 00:05:43,080 --> 00:05:46,160 Speaker 3: strong arm deals between Nvidia and its suppliers or MD 115 00:05:46,279 --> 00:05:49,680 Speaker 3: and its suppliers, or guaranteed that companies build factories and 116 00:05:49,720 --> 00:05:52,160 Speaker 3: infrastructure here in the United States, they're going to do it, 117 00:05:52,200 --> 00:05:54,080 Speaker 3: So assume that they will have their hands in this 118 00:05:54,120 --> 00:05:54,839 Speaker 3: as well. 119 00:05:54,920 --> 00:05:56,880 Speaker 1: Ernest, what's up? 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