Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Single best idea and the heart and soul of what
Speaker 2: we do is the guests and within the crushing schedule
Speaker 2: of the guests, the technology getting in in studio, in
Speaker 2: hotel rooms around the world, whatever they gotta want to
Speaker 2: come on. And we are so humble that our guests
Speaker 2: around different news events really want to come on. To
Speaker 2: get Claudia Samon on Jobsday is a big deal. So
Speaker 2: what do we do with technology? Back to back? Dan
Speaker 2: Ives and Gina Munster with us. Don't forget some man
Speaker 2: deep sing at Bloomberg Intelligence among other worthies, But today
Speaker 2: was wonderful. Dan Eyes of web Bush Securities, Retail, Los
Speaker 2: Mag seven institutional less.
Speaker 3: So Retells stuck with it. Institutional they've hit the exit
Speaker 3: and I think they got and they've got scared out.
Speaker 3: A lot of the mags haveing a lot attack and
Speaker 3: now guess what's gonna happen over the coming weeks. They're
Speaker 3: gonna have to double down. And I think that's why
Speaker 3: I think the run here that we can see intact
Speaker 3: over the next three four weeks, especially as we go
Speaker 3: through I think could be massive because it's under own
Speaker 3: institutionally because of well is Paul talked about stock being
Speaker 3: up nine. In terms of Microsoft, there was a view
Speaker 3: that they were gonna miss azure. They absolutely I mean,
Speaker 3: this is an Aaron Judge like performance.
Speaker 2: Dan iives, I didn't know Aaron Judge was. I had
Speaker 2: to ask Paul who that was. Danives there with webbush
Speaker 2: and a better than good performance by Microsoft. And I
Speaker 2: should mention Facebook as well. On we go to Apple
Speaker 2: and Amazon, Gene Monster join from deep water. And you know,
Speaker 2: every once in a while, particularly with the generous length
Speaker 2: of time we get to speak to our guests, I
Speaker 2: can to ask something more philosophical and to me, the
Speaker 2: immense miss stree here, the immense mystery here of Apple
Speaker 2: computer is people really don't know what made Tim Cook
Speaker 2: Gene Monster on the expert on supply change Timothy Cook.
Speaker 1: There is one hundred percent confidence in Tim Cook's ability
Speaker 1: to make the best out of an extremely difficult situation.
Speaker 1: But even his magical ability to increase gross margins by
Speaker 1: using better manufacturing over the last decade, even that power
Speaker 1: is small relative to the forces of what these tariffs
Speaker 1: could mean. And I'll just kind of put some briefly
Speaker 1: into context is. My sense is that these tariffs when
Speaker 1: it comes to Apple, there's still mixed messages coming out
Speaker 1: of the White House in terms of how Apple's going
Speaker 1: to be impacted by that. My sense is that they're
Speaker 1: probably going to shake out somewhere between a ten and
Speaker 1: twenty percent tariff, And if that in fact ends up
Speaker 1: being the case, even with Cook's masterful to the supply chain,
Speaker 1: they're probably going to see some diminishing of gross margins
Speaker 1: and it probably goes from call it forty percent forty
Speaker 1: one percent. They're probably going to lose a couple percent
Speaker 1: on that, call it thirty nine, and so that is
Speaker 1: it's a step back. I just want to put some
Speaker 1: context when we hear about all this, the forces that
Speaker 1: Tim Cook, the levers that he can pull, there are
Speaker 1: some limitations to it. And that's why I think that
Speaker 1: I just like applaud dan Ives and him standing up
Speaker 1: and saying like, we got to get this thing figured out,
Speaker 1: and what figured it out means is just some clarity.
Speaker 1: And ultimately I think that that clarity is going to
Speaker 1: be twenty percent, and it's going to be a little
Speaker 1: bit of an impact. Again, doesn't change the long term
Speaker 1: trajectory of the business, but it's something that investors are focused.
Speaker 2: Gene Monster there of deep water asset management. On the
Speaker 2: Jobs Day tomorrow, really looking forward to the coverage a
Speaker 2: wonderful set of worthies to help us with a mystery
Speaker 2: of this trade war across the nation. On your commute,
Speaker 2: major shout out to Google Alphabet and their Android Auto.
Speaker 2: I am brief that they're coming out with all sorts
Speaker 2: of new spectacular technology to drive that modern digital experience forward.
Speaker 2: On our podcast, We're out on YouTube podcast single best
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