IT IS NOW.
9:30 EASTERN TIME, AND THE
MARKET HAS OPENED ON THIS
MONDAY, AUGUST THE 1ST.
RIGHT FROM THE START WE’RE ON
THE DOWNSIDE.
I’VE BEEN SAYING ALL MORNING
THIS IS NOT A HUGE SELLOFF, AND
IT’S NOT ALTHOUGH ABOUT 26 OF
THE DOW 30 ARE IN THE RED AS WE
SPEAK, AND THE DOW IS OFF ABOUT
A HALF PERCENTAGE POINT IN THE
EARLY GOING.
S&P 500, WHERE’S THAT THIS
MORNING?
IT’S ALSO OPENED LOWER.
THERE YOU GO.
IT’S DOWN ABOUT A HALF
PERCENTAGE POINT, JUST OVER
THAT.
THE NASDAQ COMPOSITE DOWN JUST
OVER A HALF PERCENTAGE POINT.
SO YOU’VE GOT RED INK TO THE
TUNE OF ROUGHLY HALF A
PERCENTAGE POINT ACROSS THE
BOARD.
BIG TECH, ALL OF THEM DOWN BUT,
AGAIN, NO HUGE LOSSES.
GOOGLE IS DOWN BETTER THAN 1%,
MICROSOFT DOWN BETTER THAN 1%.
LOOK AT THAT.
ALL RIGHT.
LET’S LOOK AT TESLA AND TWITTER.
OF SUSAN’S BACK WITH US THIS
MORNING.
SUSAN: GOOD MORNING.
STUART: WHAT’S WITH TWITTER AND
MUSK COUNTERSUING?
SUSAN: YEAH.
SO WE KNEW THIS WAS GOING TO
HAPPEN.
A LOT OF LEGAL EXPERTS HAD
PREDICTED THIS, SO MAYBE HE’LL
GET MORE THAN JUST FIVE DAYS IN
COURT OR GET THE COURT CASE
DELAYED FROM THE OCTOBER 17TH
START.
ALSO MORE DISCOVERY POWER WHICH
GIVES HIM MORE ACCESS AND MORE
AUTHORITY TO QUESTION LEADING TO
THAT SPAM AND ROBO ACCOUNT DATA
THAT HE’S BEEN ARGUING AGAINST.
IT’S REALLY INTERESTING, I WAS
READING THAT BLOOMBERG SURVEY IS
OVER THE WEEKEND OF MORE THAN
1500 INVESTORS IN TESLA.
75% OF THEM SAY AND BELIEVE THAT
HE WON’T END UP OWNING TWITTER
AT THE END OF IN THE.
SO 30% THINK THAT HE’LL SETTLE
FOR A BILLION OR MORE, IN
DAMAGES, THAT IS.
MORE THAN A QUARTER SAY HE’LL
PAY THAT BILLION DOLLAR BREAK-UP
FEE, THE REST THINK HE’LL JUST
WALK AWAY, WHICH I FOUND REALLY
INTERESTING.
THE $44 BILLION BID, MORE
INVESTORS AND A LOT OF INVESTORS
THINK HE’LL SELL STOCK AGAIN
REGARDLESS OF WHETHER OR NOT HE
WINS THAT TRIAL.
STUART: DAN IVES, YOU FOLLOW
TESLA.
IT’S UP THIS MORNING BACK ABOVE
$900.
WHAT’S THE STORY?
>> PRODUCTION NUMBERS ESPECIALLY
IN THE SECOND HALF OF AND
DELIVERIES, THAT’S MUCH STRONGER
HAND THE STREET EXPECTED --
SUSAN: ALSO I WOULD SAY THAT
CHINA DELIVERING NUMBERS MEANS
THAT TESLA PROBABLY DID PRETTY WELL.
SO YOU SAW THE NIO S&P PANG --
AND X PANGS COMING OUT, I THINK
THAT’S WHY THE STOCK IS UP TODAY
BECAUSE THE IMPLICATION THAT
JULY’S PRETTY GOOD.
>> YEAH.
ULTIMATELY, THE HEARTS AND LUNGS
OF THE TESLA STORY IS CHINA.
THAT’S BEEN THE BIG OVERHANG IN
TERMS OF APRIL AND MAY, AND NOW
YOU’RE STARTING TO SEE THAT
REBOUND.
THAT’S A KEY CAN REASON WHY I
THINK IT’S HEADED TOWARDS 1,000.
STUART: NEO OPENING ITS FIRST
OVERSEAS PLANT.
SUSAN: LOOK AT THE STOCK TODAY,
YOU’RE UP 2% BECAUSE OF THAT
EXPANSION IN EUROPE.
NUMBERS, QUICKLY GO THROUGH
THEM.
I SAW MORE THAN 10,000 FOR NIO,
X PANG DELIVERED 11,000 PLUS
WHICH IS HELPING TESLA TODAY.
NIO OPENING ITS FIRST EUROPEAN
PLANT IN HUNGARY, BUT THEY’RE
NOT GOING TO START SHIPPING CARS
JUST YET.
ALSO NIKOLA, THAT EMBATTLED
ELECTRIC TRUCKMAKER, THEY JUST
BOUGHT ROMEO POWER FOR $144
MILLION.
STUART: DO YOU FOLLOW ELECTRIC
VEHICLES OTHER THAN TESLA?
>> NAMES I BELIEVE ARE POISED TO
BE BULLISH ON, NIO IN CHINA, E
ALSO THE COMMERCIAL NAMES.
STUART: YOU ARE POISED TO BE
BULLISH ON NIO.
>> I THINK AS THEY ULTIMATELY
EXECUTE, I THINK THAT’S WHERE
THESE STOCKS ARE GOING TO START
TO WORK.
STUART: BOEING, HUGE GAIN TODAY.
THEY’RE UP 3.3%.
DID THEY AVOID A STRIKE OR
SOMETHINGSOME.
SUSAN: DOW LEADER TODAY AND ALSO
DREAMLINER DELIVERIES HAVE BEEN
CLEARED FOR THE FIRST TIME IN 14
MONTHS BY THE FAA, SO THAT’S A
BIG DEAL.
LESS CASH DRAIN FOR THE COMPANY
AND MAKING MORE SALES.
REMEMBER BACK IN 2020 YOU HAD
ENGINEERS FINDING SOME GAPS IN
THE FUSELAGE WHICH IS,
OBVIOUSLY, VERY CONCERNING,
RIGHT?
[LAUGHTER]
STUART: YES.
SUSAN: BOEING WORKERS HAVE
AVERTED A STRIKE, SO THIS IS ALL
POSITIVE FOR THE PLANEMAKER.
AND, YOU KNOW, THEY JUST
RECORDED SOME OF THE FIRST
DELIVERIES AND FIRST PLANE
ORDERS, I THINK, IN A LONG TIME.
DELTA ORDERING A BIG CHUNK, A
BIG NUMBER FOR THE FIRST TIME IN
A DECADE.
STUART: I DO CAN A LOT OF
FLYING, BUT I’VE NEVER YET FLEW
ON A DREAMLINER.
SUSAN: YOU HAVE NOT?
INTERNATIONALLY?
STUART: NOT FOR YEARS.
SUSAN: THEY’RE SO FUEL EFFICIENT
THAT THEY USE THE DREAMLINER ON
THE LONG HAULS.
STUART: I LIKE THOSE BIG WINDOWS
WHICH I’M TOLD ARE INTERESTING.
[LAUGHTER]
WHAT DO YOU KNOW ABOUT
ACTIVISION BLIZZARD?
SUSAN: THEY’RE GOING TO REPORT
LATER ON TODAY.
STILL TRYING TO CLOSE THAT DEAL
WITH MICROSOFT WHICH WOULD BE
$65-70 BILLION RANGE.
I THINK THERE’S DEFINITELY GOING
TO BE UNIQUE IN IN THIS REPORT
CARD CAN, I THINK MOST PEOPLE
EXPECT A SLOWDOWN WHEN IT COMES
TO THAT GAMING BOOM THAT CAME
PLACE DURING THE COVID.
STUART: PINTEREST.
SUSAN: ALSO WE HAVE ACTIVIST
INVESTORS IN PINTEREST, AND
GIVEN THE SLOWDOWN WE’VE SEEN IN
ADVERTISING REVENUE AND ALSO A
SLOWDOWN IN USAGE THAT WE’VE
SEEN IN PINTEREST NAMELY, WE GOT
THE NUMBERS FROM META, ALSO SNAP
HAS CONFIRMED THIS IS A REALITY
THAT WE’RE IN.
STUART: IS THIS A BIG AFTERNOON
FOR YOU, DAN?
>> LOOK, IT’S BIG BECAUSE REALLY
IN TERMS OF THE NEXT LEG, IT’S
GOING TO BE CYBERSECURITY.
THAT’S REALLY THE ONE AREA WE
HAVEN’T SEEN, AND I BELIEVE IT’S
CONTINUING TO HOLD UP STRONGER,
SEE THE EARNINGS.
COME BIND THAT WITH CLOUD,
THAT’S THE ONE-TWO PUNCH.
STUART: OKAY.
SUSAN: PALO ALTO WAS AN UPGRADE
BY WOLF SAYING THERE’S 40%
UPSIDE.
WOULD YOU BUY INTO THE BIG NAMES
LIKE PAL LOWS AND THE REST OF
THE CYBER?
>> PALO IS ONE OF OUR FAVORITE
NAMES.
CYBERSECURITY ACROSS THE BOARD,
MAIMS LIKE ZSCALEER, I THINK A
LOT OF THESE THINGS ARE HAVE
OVERCORRECT ARED.
BUT YOU LOOKED AT SENTIMENT,
MUCH DIFFERENT IN TERMS OF
SPENDING.
STUART: THAT’S WHAT I WAS
LOOKING FOR, A TABLE-POUNDER,
AND PALO ALTO NETWORKS --
>> TABLE POUNDER ACROSS THE
BOARD.
STUART: THANKS A LOT.
CHECK THE BIG BOARD, WE’RE DOWN
140 POINTS THIS MONDAY MORNING,
A LITTLE LESS THAN A HALF
PERCENTAGE POINT DOWN.
DOW WINNERS, TOP OF THAT LIST
I’M PRETTY SURE BOEING?
YEAH, IT IS.
THE S&P 500 WINNERS, TOP OF THAT
LIST ARE, BOEING, OF COURSE.
TARGET’S UP THERE, TESLA’S UP
THERE.
LOCKHEED MARTIN UP THERE AS
WELL.
NASDAQ COMPOSITE WINNERS, WHO
HAVE WE GOT?
TESLA’S ON THERE, DOLLAR TREE,
KRAFT HEINZ, ADVANCED
MICRODEVICES.
THE 10-YEAR TREASURY YIELD,ST
DOWN TO 2 THE.# 4% -- 2.64%.
I DON’T KNOW WHETHER THAT’S A
FLIGHT TO SAFE I THIS MORNING OR
A RECESSION INDICATOR, BUT THAT
YIELD IS WAY DOWN THERE.
PRICE OF GOLD, $1785 PER OUNCE.
BITCOIN, 23,000 AND CHANGE PER
COIN, AND THE PRICE OF OIL, $93
A BARREL.
NAT GAS ALSO ON THE DOWNSIDE,
BELOW $8.
AND WE HAVE THE AVERAGE PRICE
FOR A GALLON OF REGULAR, $4.21
THIS MORNING.