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Speaker 3: Victoria Bill's terms.
Speaker 2: It is now from Chicago, so as she could be
Speaker 2: with us because she writes these acute strategy notes which
Speaker 2: are be in the market and shut up and buy
Speaker 2: in video. Victoria, how can you buy in Vidia after
Speaker 2: the moonshot?
Speaker 1: I mean, it's one of those things where when we're
Speaker 1: thinking about Nvidia and especially again the huge spur that
Speaker 1: we're seeing in the growth with AI or what some
Speaker 1: people might even call a bubble, it's honestly, the price
Speaker 1: from here is honestly has incredible upwards.
Speaker 4: Bound to go even beyond the one thousand dollars mark.
Speaker 1: And you know, right now we're looking at overall from Nvidia,
Speaker 1: like consensus expectations is around like five point forty eight
Speaker 1: per share.
Speaker 4: The stock has just done really well.
Speaker 1: It's very hard for me to argue otherwise, like es actually,
Speaker 1: when you're constantly beating earning expectations, like I just don't
Speaker 1: see the seller story for it.
Speaker 2: Yeah, I think it's like through the highs that we
Speaker 2: saw yesterday as well. Now eleven thirty three is a
Speaker 2: pre market I don't even know what that means ten
Speaker 2: for one stocks.
Speaker 3: But coming up here.
Speaker 2: As well, Victoria, at the bottom of your note on Nvidia,
Speaker 2: you go to what's different now, which is it seems
Speaker 2: to be a new adult tech from the view.
Speaker 3: Of banry On, is tech really wetted down.
Speaker 2: To givoting both and share buyback for use of cash.
Speaker 4: Absolutely.
Speaker 1: I mean when we're thinking again, like the whole issue
Speaker 1: in terms of tech and how we're thinking about this
Speaker 1: is that like profit margins is well above like seventy
Speaker 1: five percent, And when we think about, for example, how
Speaker 1: to capitalize or how to get involved in these technology
Speaker 1: based stocks, I mean, whether it's smaller companies like super microcomputer,
Speaker 1: Nvidia being kind of the top player in terms of
Speaker 1: what we're looking at with AI, but also cryptocurrency and
Speaker 1: like GPU, like how.
Speaker 4: All of that is, how all of that is processed.
Speaker 1: Like again, like I think that there is a great
Speaker 1: like buyer story to be had here.
Speaker 5: So Victor, I'm looking through your stock list and a
Speaker 5: lot of you know, kind of high valuation technology, biotech, healthcare.
Speaker 3: But then you also.
Speaker 5: Got to diamond Back Energy in there. Talk to us
Speaker 5: about energy and how you think about that in the
Speaker 5: context of some of you more higher multiple and higher
Speaker 5: growth names that you guys.
Speaker 1: Like absolutely, so Diamondback when we think about basically it's
Speaker 1: independent oil natural gas company and a lot of what
Speaker 1: we're seeing right now in terms of whether that's the
Speaker 1: Biden administration pulling down on terariffs for when it comes
Speaker 1: to like ev vehicles, it's almost like a protectionary method,
Speaker 1: I would protectionary measure in order to kind of protect
Speaker 1: certain industries that are here. So basically it's been trading
Speaker 1: at like almost eight times earnings over the path over
Speaker 1: the past couple of years. They have a very strong
Speaker 1: team backing them. And then and then essentially again we
Speaker 1: have some protective measures that are coming in place where
Speaker 1: we're trying to be more cordial towards industries that are
Speaker 1: here within the US. So that's where I would see
Speaker 1: kind of the story for diamondback. And then also just
Speaker 1: in terms of like free cash flows as well into
Speaker 1: the hundreds of millions.
Speaker 2: What's the value of cash within your strategy? Is it
Speaker 2: a bolt on or is it actually part of a
Speaker 2: strategy forward?
Speaker 1: So cash in terms of how we think about it
Speaker 1: for our strategy. So we are an alternative investment firm,
Speaker 1: so a lot of what we are advocating for is
Speaker 1: alternative based, alternative based investing, so looking at things that
Speaker 1: are providing similar returns to a sixty forty portfolio, but
Speaker 1: have like not necessarily leveraging all that risk. So when
Speaker 1: we're thinking about cash, it's great to have in kind
Speaker 1: of the short term, but investing in more newer alternative
Speaker 1: forms of technology and industry because that is the future
Speaker 1: and that's the wave that we're that we'll be seeing
Speaker 1: that's coming down a year, two years down the road.
Speaker 1: But having cash in the moment, especially if you're someone
Speaker 1: who needs that for retirement or to buy White Sox tickets,
Speaker 1: absolutely in necessity So.
Speaker 5: Victoria, how do you how do you guys at Benrian
Speaker 5: think about just valuation in the markets today. We've had
Speaker 5: a big, big move in the equity markets off of
Speaker 5: these October levels, and we've had some good earning and
Speaker 5: let's be clear, we did have some good earnings growth.
Speaker 5: Is that earnings growth enough to support this market from
Speaker 5: your perspective?
Speaker 1: I think there's definitely a possibility for that right now.
Speaker 1: What we're seeing in terms of small cap stocks, small
Speaker 1: caps are kind of making a comeback, but they're still
Speaker 1: not as frothy as or they're a bit frothier than.
Speaker 4: What we would want in the industry right.
Speaker 1: Now, especially if we're thinking especially what we're seeing right.
Speaker 4: Now is when we are trying to beat.
Speaker 1: Out the S and P five hundred, it's the actively
Speaker 1: managed portfolios that tend to do much better than those
Speaker 1: more smaller ETFs. So if you're, for example, looking for
Speaker 1: an alternative that would provide very similar return profile to
Speaker 1: like a sixty forty combination of equities and bond, equities
Speaker 1: and bonds, then a lot of what we're looking at,
Speaker 1: for example, would be CTA, B tall MRSK, again basically
Speaker 1: attractive diversifieds that will allow you to gain that same
Speaker 1: sort of out but that you would get from a
Speaker 1: small cap stock, but not as but diversifying that risk.
Speaker 2: Into June thirty, Victoria, what are you seeing clients actually doing?
Speaker 3: What is the mood out there? After? I think the
Speaker 3: shock of selling mayon goal by not working out what's
Speaker 3: the mood right now?
Speaker 1: So if I'm hearing you correctly, I think what you're
Speaker 1: asking is like, where are people kind of feeling? Where
Speaker 1: are people going in terms of where the equity markets are?
Speaker 3: Yes, so that's good enough.
Speaker 4: Yeah, so good. Good question.
Speaker 1: Again, I think that a lot of people are trying
Speaker 1: to find that alpha out there in the market. We're
Speaker 1: seeing continuously high valuations, and so that's where I'm saying
Speaker 1: alternative investment strategies that will provide you a similar return profile,
Speaker 1: but again like reducing that beta or even providing a
Speaker 1: similar return profile, and then but diversifying across a very
Speaker 1: highly concentrated managed portfolio. That's where I think a lot
Speaker 1: of people are starting to head towards right now. But
Speaker 1: I think the appetite for that market again is it
Speaker 1: requires a hot It's a high educational.
Speaker 4: Barrier when we talk. We're talking about lives.
Speaker 1: But that's where I think a lot of people if
Speaker 1: you're being smart about the market and looking again for
Speaker 1: ways to get involved, especially in industries that are related
Speaker 1: to like evs semiconductors, that's where I think alternative investment
Speaker 1: strategies are coming in managed energy tiets are doing much
Speaker 1: better in that regard.
Speaker 3: We got to be quick here, Victoria. But you mentioned it.
Speaker 2: I mean the Chicago White Sox back fifty five years
Speaker 2: when I saw Nellie Fox hit a home run at
Speaker 2: Kimiski Park, It's like the worst team ever. What does
Speaker 2: Victoria Bills do to turn the Chicago White Sox around?
Speaker 4: Hopes and prayers, thoughts and prayers.
Speaker 1: But I think that what they're my understanding right now
Speaker 1: is that they're looking to move the White Sox Stadium,
Speaker 1: and I would hope also to potentially look at new management. Look,
Speaker 1: I am not a sports grilly by any stretch of
Speaker 1: the imagination, but I am like how there are Cubs
Speaker 1: fans that always have supported the Cubs. I will always
Speaker 1: support the White Sox, even if it's better interests.
Speaker 3: My deepest sympathy is Victoria Bills. Thank you so much.
Speaker 2: I called up the team and putting the show together
Speaker 2: Saturday and Sunday, and I said, we got.
Speaker 3: To get Derek Wallbank on.
Speaker 2: He's in Delhi and we want to talk to him
Speaker 2: about the crushing climate that he with his leadership out
Speaker 2: of Singapore or spirheading for Bloomberg News a temperatures from
Speaker 2: India on over across Southeast Asia. Something in the heart
Speaker 2: and soul of mister Wallbank. He joins us this morning
Speaker 2: off a small matter of an election in India. Derek
Speaker 2: Wallbank joins from Delhi where he provides leadership out of Singapore.
Speaker 2: Derek Mody is won and he is dominant, and it
Speaker 2: is a tension of a cosmopolitan southern India. I think
Speaker 2: Sacha Nadella playing cricket as a child versus the emotion
Speaker 2: of Hinduism of northern India. Can Mody bring these two regions,
Speaker 2: these two disparate Indias together.
Speaker 6: Well, Tom, it's good to talk to you, my friend.
Speaker 6: It's you know, look it is. We don't do anything
Speaker 6: halfway here. It's about one hundred and eleven degrees fahrenheit
Speaker 6: outside and the world's largest democracy. The election results are
Speaker 6: coming out tomorrow. We got the exit polls just over
Speaker 6: the weekend, they show the exit polls, and I mean
Speaker 6: poles plural, there are a lot of them. They all
Speaker 6: are kind of hurting around this idea of a Mody
Speaker 6: landslide victory. They're sort of it depends in a range
Speaker 6: from a lot to really a lot. What they're showing
Speaker 6: if you sort of walk in the regional breakdowns is
Speaker 6: you are seeing the big JP that Modi leads and
Speaker 6: his allies doing really really well in their traditional sort
Speaker 6: of heartlands. But you're also sort of seeing a little
Speaker 6: bit of a pull in to some of those areas
Speaker 6: where they've had some difficulties in prior elections. You are
Speaker 6: seeing a little bit more of a national move and
Speaker 6: will have to see if the actual results sort of
Speaker 6: track that. You are seeing a little bit more of
Speaker 6: a regional spread.
Speaker 3: Yeah, and Paul, we got a color this. This is important.
Speaker 2: In America, we're hysterical about having three or four, maybe
Speaker 2: five languages. There are twenty three official languages in India.
Speaker 5: And then all the dialects on top of that, just
Speaker 5: extraordinary place in the world. Derek, what does this mean
Speaker 5: for the politics of India going forward? Mister Mody, what
Speaker 5: will he do coming out of this election on the
Speaker 5: world stage, do you believe.
Speaker 6: Well, So let me put this into sort of two camps.
Speaker 6: Let me say, in the India India locally camp, Let's
Speaker 6: say that the results track the X. That's you were
Speaker 6: looking at a landslide victory in that scenario, but not
Speaker 6: a can do whatever the heck he wants in terms
Speaker 6: of changing the constitution all of that sort of stuff.
Speaker 6: So there are some there are some guardrails, I guess,
Speaker 6: I would say, but it would be a very large
Speaker 6: mandate where he would be able to operasionally sort of
Speaker 6: go the same way your your investment sort of tracks there,
Speaker 6: I think on a on a global scale. You know, Look,
Speaker 6: it's no secret that the United States and the US
Speaker 6: allies really liked the idea of an ascend in India.
Speaker 6: Last year with the G twenty was a really big
Speaker 6: sort of coming out party for Modi himself. And and
Speaker 6: so India really wants to take a place on the
Speaker 6: world stage that is larger than it has held before.
Speaker 6: And it's going to be welcomed in getting there. And
Speaker 6: I think particularly what you should look for is what
Speaker 6: happens when things go a little bit sideways. Right, They
Speaker 6: had they had the issue with Canada in recent years
Speaker 6: where there was some real friction there over potential extra
Speaker 6: judicial killing, and Canada really wanted a little bit more
Speaker 6: back up on the world stage. When they were looking around,
Speaker 6: a lot of their friends weren't there as strongly as
Speaker 6: they thought they would, because I'm just not sure that
Speaker 6: a lot of people are going to be racing to
Speaker 6: go confront Mody they want him.
Speaker 3: There, Derek, just because of the time.
Speaker 2: I got a segiui here to what you're in the
Speaker 2: team recovering out of Singapore, which is to be polite.
Speaker 2: Excessive heat and the way you look at this is
Speaker 2: a physician once told me, it's not it's one hundred
Speaker 2: and eleven in Deli.
Speaker 3: It's if they're lucky, the load.
Speaker 2: Tonight will be eighty nine degrees. Derek, what is Bloomberg
Speaker 2: News reporting, I'm going to say, in a broad sense,
Speaker 2: from Manila to Dubai on the successive heat, Yeah.
Speaker 6: It's it's absolutely stifling, Tom and I think that I
Speaker 6: think one of the things that we're showing is a
Speaker 6: lack of infrastructure to be able to deal with it.
Speaker 3: Right.
Speaker 6: There's not you know that you're seeing in some places
Speaker 6: power outages combined with this, so there really isn't that
Speaker 6: sort of rest. But I think broadly speaking, you're talking
Speaker 6: about places that are trying to figure out how they're
Speaker 6: going to live with this. It's going to be one
Speaker 6: of the big challenges that the body is going to
Speaker 6: be looking at is building up that infrastructure to be
Speaker 6: able to handle.
Speaker 3: I think we level the.
Speaker 2: Question and if anything runs out of water.
Speaker 7: Traveling public comes to the rescue. Maybe I didn't miss
Speaker 7: buying a handbag or a watch or another pair of shoes,
Speaker 7: but I sure don't know.
Speaker 6: I mean, and that's that's one of the things that
Speaker 6: you're seeing in Singapore to do right where you're where
Speaker 6: you're saying, what are we going to be able to
Speaker 6: do in this environment in Singapore?
Speaker 3: Do you have looking.
Speaker 6: Massive reclamation project function as a reservoir to be able
Speaker 6: to allow Singapore.
Speaker 7: Certainly in the Europe broadly that it doesn't have to
Speaker 7: rely on a record last summer and.
Speaker 6: Our forward at today are up about seven your house,
Speaker 6: because it really is.
Speaker 7: And that's going not only in the frontalytic benefit Italy
Speaker 7: Spain all those waves.
Speaker 5: Over years, and it's not like they're not spending money
Speaker 5: for the temperature five hundred, six hundred, seven hundred dollars.
Speaker 5: Where are you guys allocating your capital city?
Speaker 3: Where do you see the opportunity now, I should say
Speaker 3: in your business.
Speaker 7: So a few places. Right now, we're going through a
Speaker 7: massive replatforming of important technology systems, our reservation system, our
Speaker 7: property management system, and our loyalty platform. And so we've
Speaker 7: mentioned on the earliest call for the next couple of
Speaker 7: quarters will be.
Speaker 3: How do you get people to call Mary a direct?
Speaker 2: Call a hotel direct instead of some personal thing like
Speaker 2: I'm going to pick on booking dot com. I go
Speaker 2: to hotels where I can book the hotel directs stead
Speaker 2: at the desk, you know, be sure they can take
Speaker 2: missus King seven.
Speaker 3: Lewis view luggages in proper. How do you get back
Speaker 3: to that personal service?
Speaker 7: It's really through the Bonvoy platform. It's creating a suite
Speaker 7: of benefits and making sure through the Bonvoy platform we
Speaker 7: educate the consumer of the benefits of booking direct.
Speaker 2: I'm just gonna this is what Lisa wants to talk about,
Speaker 2: So we're going there. Tony Cavano, how the Saint Regis
Speaker 2: mal Dives Voluly Resort, it's the best points guy Brian says,
Speaker 2: it's the best you know, bet Saint Regis in the world.
Speaker 2: Do you link with airplanes so Lisa Matteo can get
Speaker 2: there for the one week in September.
Speaker 3: It's easy to get there.
Speaker 2: How does Lisa Mateo pack the bag the little you know,
Speaker 2: surely have the knapsack thing and get to the mall dives?
Speaker 3: How do you do that?
Speaker 7: She jumps on Emirates, flies straight to Mollie and then
Speaker 7: there'll be a beautiful Saint Regis boat waiting for you
Speaker 7: to see right to the doc you do, or if
Speaker 7: you really want a beautiful view of that destination, you
Speaker 7: get on a seaplane which flies at about two thousand
Speaker 7: feet and you get to view all those.
Speaker 3: Beautiful I've never seen her. George Clooney could walk so tony.
Speaker 5: I mean, I see a lot of demand. The Maldive's great,
Speaker 5: that's for Lisa Manteo, but I see demand for the
Speaker 5: kind of the mid range. People want to take those
Speaker 5: longer term stays. I didn't know that that was a
Speaker 5: business until recently, but that really is a business where
Speaker 5: people want to take long term stays. Maybe they're contract
Speaker 5: workers are something like I've talked to us about that business.
Speaker 7: Again, another interesting byproduct coming out of the pandemic this
Speaker 7: notion that folks, even if they're a little suboptimized, they
Speaker 7: can work from anywhere. There is a younger generation of
Speaker 7: nomads that wants to work from anywhere, and so the
Speaker 7: ability whether it's a traditional extended stay hotel like residents In,
Speaker 7: whether it's a more value focused extended stay product like
Speaker 7: Studio res Our new mid scale extended stay platform, or
Speaker 7: whether it's a bit longer term stay in an apartments
Speaker 7: by Marriott Bonvoy. There is a consumer that for their
Speaker 7: travel needs, is much better served with something focused on
Speaker 7: not a one or two night transience day, but really
Speaker 7: purpose built to accommodate that longer stay.
Speaker 3: What are you doing with New York City?
Speaker 2: The cheapest hotel in Manhattan, I think is eight hundred
Speaker 2: dollars a night. I'm kidding, But what's your plan for
Speaker 2: New York City?
Speaker 3: Well, we'll continue to grow.
Speaker 7: This city is remarkable and the pace at which it's
Speaker 7: recovered from a travel perspective is a terrific story. One
Speaker 7: of the great benefits of having such a broad brand
Speaker 7: portfolio across multiple quality tiers. We'll continue to grow at
Speaker 7: the luxury end we just announced, but at the same
Speaker 7: time we'll continue to grow with our new mid scale.
Speaker 2: Our good friend David Gera loves to have a Gibson
Speaker 2: at the Old King Cole.
Speaker 3: Tell me, you're not ruining the Saint Regis.
Speaker 2: Absolutely, first floor. What are you doing right now at
Speaker 2: the Saint Regions Hotel.
Speaker 3: You're blowing up the first floor floor of an icon
Speaker 3: What are you going to do with it?
Speaker 7: We're just updating it. We're can it more convenient for
Speaker 7: our guests. We're improving some of the traffic flow. But
Speaker 7: we are absolutely not touching that iconic king hole.
Speaker 2: I mean, this is great and what's so great about this?
Speaker 2: The restoration of the painting at the Old King Cole
Speaker 2: was like something out.
Speaker 3: Of the Loofah. Did you get the invoice on that?
Speaker 7: Somebody did? It didn't come to me, didn't come to you.
Speaker 7: Saint Regis is another brand that we just announced today.
Speaker 7: The iconic Pelican Hill resort on Newport Coast in southern
Speaker 7: California is going to be reflagged as a Saint Regis
Speaker 7: as well. So it's a brand that is real. This
Speaker 7: is a Newport Yeah, it's Don Brenn and the Irvine company.
Speaker 3: Are you calling this hotel Alrian? You know? I mean,
Speaker 3: is this like a Pimco out post? Is that what
Speaker 3: it is?
Speaker 1: Now?
Speaker 7: I think they continue to be a valued client.
Speaker 3: They'll be good, Tony. Thank you so much.
Speaker 2: Congratulations in fourteen percent per your total return that off
Speaker 2: of Marriotte stock.
Speaker 3: And thank you for the ninety day visits. Will Matteo
Speaker 3: m a T to the melt I see, tell them
Speaker 3: to get your slippers ready.
Speaker 2: Thank you so much, Tony. If daily look at the
Speaker 2: front pages, Lisa Matteo, where to begin?
Speaker 1: All right?
Speaker 8: We're starting with something happening today in New York. This
Speaker 8: is really a lifeline for New York City families who
Speaker 8: are struggling to pay rent. The New York City Housing
Speaker 8: Authority they're reopening that waiting list for federal housing vouchers,
Speaker 8: which you know is Section eight. It closed back in
Speaker 8: December because it grew way too big. It grew to
Speaker 8: one hundred and twenty eight thousand families. Now the waiting
Speaker 8: list has dropped down to about thirty seven hundred, so
Speaker 8: they're opening it up again. But here's the problem, and
Speaker 8: the New York Times really gets into this fantastically, is
Speaker 8: that the city doesn't have enough apartments where the city
Speaker 8: vouchers can be used. So yes, they're opening this wait list,
Speaker 8: but it's a mess.
Speaker 2: Yeah, it's change, you know, I see it from a
Speaker 2: rarefied atmosphere. We'd a life changing moment. What do you
Speaker 2: tell your kids? I'm like, you know, go leave. But
Speaker 2: then what do you do with eight people in Queen's
Speaker 2: I mean, that's really what we've come up to.
Speaker 5: I mean, that's been I know it's always been a
Speaker 5: challenge in the city, but you know, it just feels
Speaker 5: like where are the new units being created in the city.
Speaker 8: It's rent has to be at most around three thousand
Speaker 8: for a two bedroom apartment for a family of four.
Speaker 7: Find that like past the Pine barrens in New Jersey.
Speaker 2: Exactly over the weekend, there was a transaction in Washington
Speaker 2: where they're going to take an office building on K
Speaker 2: Street and I guess they're going to make it residential.
Speaker 3: What do you think the cheapest place in it is
Speaker 3: going to be one and a half million dollars. I mean,
Speaker 3: I just don't know. This is an urgent issue to
Speaker 3: all of you across the nation. Next.
Speaker 8: Yes, Okay, so we were talking last week when we
Speaker 8: ended off ready about the dollar fifty hot dog combo
Speaker 8: at Costco. So another draw is also the rotisserie chicken.
Speaker 8: It's only five bucks. But also we talked about the
Speaker 8: gold bars, and.
Speaker 5: I don't get that you can actually buy that at Cosco.
Speaker 8: You can buy it at Costco. Sometimes they're usually sold out.
Speaker 8: You have to go online sometimes and you have to
Speaker 8: try and get in before every other people do. But
Speaker 8: the Wall Street Journal is saying that the problem is
Speaker 8: that a lot of people aren't thinking about the taxes
Speaker 8: on gold when you sell it, so a lot of
Speaker 8: people are hit the whole buying.
Speaker 2: I know, Lisa, you can muscle a bar of gold
Speaker 2: out of the Doorsco.
Speaker 3: I can't.
Speaker 2: But with those biceps you can, Okay, but Lia triceps,
Speaker 2: I should say, but.
Speaker 3: Lisa, what is the gold bar?
Speaker 2: Is it like something you wear in a bracelet, like
Speaker 2: you know, you got your kids and your dogs the bracelet,
Speaker 2: the bars that little mini bars, Yes, they look like.
Speaker 3: How much is each buck?
Speaker 8: I think they were around a thousand dollars or so.
Speaker 7: I remember, then you go after that, you go the
Speaker 7: hot dog right then kick.
Speaker 8: The bargain hot dog. But people are buying it up.
Speaker 8: But they're saying that people are.
Speaker 2: Thinking about have you seen a line at Costco to
Speaker 2: buy gold bars?
Speaker 8: I personally haven't seen them. That's why I'm having a.
Speaker 7: Problem with the start.
Speaker 5: That's what we're doing that this weekend, we're going to
Speaker 5: the Costco.
Speaker 8: Road trip yeap not to search for him, but I
Speaker 8: can't find them. Okay, So we've been talking about Netflix, right,
Speaker 8: biggest competition streaming services, but actually Spotify has the most
Speaker 8: loyal fans. So you're comparing, you know, music streaming with
Speaker 8: video streaming. But this was an interesting take from Lucas Shaw.
Speaker 8: He said there are two reasons for it. He had
Speaker 8: a good newsletter on this. He said, because audio streaming
Speaker 8: services have this upper hand because Spotify takes care of
Speaker 8: the subscribers the way Netflix can. Because Spotify has unlimited
Speaker 8: you know, they will have every song that you want,
Speaker 8: whereas Netflix has, you know, a show that you want
Speaker 8: and then you cancel it.
Speaker 5: So here's Lucashaw's note here from just a couple of
Speaker 5: days ago. Good afternoon from Chicago, where I'm at a
Speaker 5: bachelor party for an old friend. I would be back
Speaker 5: in New York the week of June tenth for a
Speaker 5: couple of events around the Tribeca Film Festival.
Speaker 8: That's how he goes to his people.
Speaker 3: But we hope to get Lucason live in the studio.
Speaker 5: I'm not sure next week.
Speaker 2: You know. My basic take on this is Title and
Speaker 2: Cobas out of Paris are much better sounding, like shockingly
Speaker 2: better sounding.
Speaker 3: My kids won't leave Spotify. I'm paying like six Spotify.
Speaker 3: That bill has one.
Speaker 8: It's a big drawl Pandora and I get called.
Speaker 5: And is there anybody here in the studio has a
Speaker 5: Spotify count?
Speaker 2: No, they don't pay artists.
Speaker 3: You know, where do you want to begin? Right?
Speaker 2: I rolled Title and I just wish Apple would buy
Speaker 2: Title and make it big. Title is great. I'm editorial license.
Speaker 2: It's my folks spot for the morning.
Speaker 8: Next and this is the last one. The great debate
Speaker 8: on phone etiquette. Okay, it's becoming a fight with family members,
Speaker 8: co workers, spouse's friends. Is it okay to call someone
Speaker 8: first without texting them first, to let them know that
Speaker 8: you're going to call them?
Speaker 3: Right? See?
Speaker 5: This is my kids, And I don't take any smack
Speaker 5: from these. When I call you, you pick up the phone.
Speaker 8: I mean, I don't have.
Speaker 3: To pre arrange you know, a call to your kids
Speaker 3: have the little pink princess phone on the rich kids.
Speaker 5: But I mean, like they don't pick up when I
Speaker 5: call you. You everything to me what I get the
Speaker 5: phone And.
Speaker 3: Some people think it's rude, but it works.
Speaker 2: I text them my phone number and some people I say,
Speaker 2: as you can, and others I just text it because
Speaker 2: they know.
Speaker 3: I don't want to be rude and bother them. Call
Speaker 3: me when you can't.
Speaker 8: See you're you know, really I face exactly. He's like, whoa, that's.
Speaker 5: That's a great question. Is it okay to call someone
Speaker 5: first without giving them text warning. I didn't even know
Speaker 5: that was a thing, but now you're right.
Speaker 8: But it's becoming a workplace thing too, because you know,
Speaker 8: sometimes people just let me just call, you know, the
Speaker 8: Boston tell them this. No, some people are saying you
Speaker 8: should text them first, see if it's okay to call now,
Speaker 8: you know, and they're saying, it's wasting time back and forth.
Speaker 8: I can't talk to you right now, so just text me.
Speaker 5: Most of the time you picked up a phone call
Speaker 5: that you didn't know who the caller.
Speaker 8: Was, Oh, I don't know.
Speaker 5: Never do that and they're like, hello, Hello, there's and
Speaker 5: they're shocked to find out it's like a spam, you know,
Speaker 5: robo call or somebody trying to sell something.
Speaker 8: But it's it's a generational thing because the Wall Street
Speaker 8: Journal is saying that the people who who who grew
Speaker 8: up with landlines, those are the ones who say it's okay.
Speaker 8: And the people who have been texting since high school
Speaker 8: say no, you need to text me first and let
Speaker 8: me know that you're calling. So that's a divide.
Speaker 5: Yeah, yes it is.
Speaker 3: I thought we were doing.
Speaker 5: We're going Hot Dog Fair.
Speaker 3: That is Lisa Matteo with the newspaper.
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