WHERE YOU WILL BE REWARDED.
ASHLEY: AS ALWAYS, GREAT STUFF
GOOD TO SEE YOU.
WE GET READY FOR ANOTHER DAY OF
MARKET RATINGS, FRIDAY WAS A
WASHOUT.
YESTERDAY WE FINISHED DOWN AGAIN
AGAIN.
DOWN 45% IN THE LAST FEW DAYS.
THERE YOU GO, BETTY IS FLYING.
LET’S GET THE STATE UNDERWAY.
THE DOW UP 105.
RIGHT OUT OF THE GATE.
LOOK AT THE DOW 30, NIKE SALES,
BOEING AT THE TOP.
ENERGY PLAYS LOWER, CHEVRON AT
THE BOTTOM, LET’S LOOK AT THE
S&P.
S&P SHOWING THE FREE MARKET, A
THIRD, EXACTLY WHERE IT IS.
THIRTEEN POINTS, S&P 4043.
LOOK AT THE NASDAQ TAKING A
HAMMERING THE LAST COUPLE DAYS.
HAVE A%, 12,000 82.
LET’S LOOK AT THE BIG TECH
NUMBERS.
APPLE 162, AMAZON 1%.
ALSO BUT UP HALF A%, SAME STORY
FOR MICROSOFT.
ELON MUSK TAKING ANOTHER STEP
TERMINATE ACQUISITION OF TWITTER
TWITTER.
WHAT HE’S SAYING NOW.
GOOD MORNING.
>> ELON MUSK AMENDING HIS FILING
AND ADDING IN THE WHISTLEBLOWER
COMPLAINT, HE’S NOW ALLEGING
BREACH OF CONTRACT FOR TWITTER,
OUTRIGHT FRAUD WHICH GIVES HIM
THE RIGHT TO WALK AWAY FROM THE
$44 BILLION DEAL, TWITTER HAS
RESPONDED SAYING NO WAY, CLOSE A
DEAL ON INITIAL TERMS, 54 -- 20.
WHISTLEBLOWER ALLEGING TWITTER
HAD MORE ON THE PLATFORM, EVEN
INCENTIVIZED TURNING A BLIND EYE
EYE.
NOW SOME SEVERE SECURITY LAPSES
THAT WERE ALLEGED THAT COULD
POSE AS A NATIONAL SECURITY RISK
AND THE WHISTLEBLOWER SAYS ONE
OR MORE SPIES WORKED AT TWITTER
SO A FEW AMENDED FILINGS, ELON
MUSK COULD DELAY THE TRIAL IN
OCTOBER, HE COULD UNEARTH MORE
DOCUMENTS AND COULD BRING
TWITTER DOWN TO A LOWER PRICE
AND PROBABLY TAKE OVER OR MUSK
COULD POSSIBLY WALK AWAY WITH
LOWER DAMAGES.
I THINK IT WAS A $40 RIGHT NOW,
OBVIOUSLY THE UPPER HAND GOES TO
ELON MUSK WITH THE WHISTLEBLOWER
COMPLAINT.
ASHLEY: LET’S MOVE ON TO APPLE,
THE BIG LAUNCH EVENT OVER A WEEK
AWAY AND WHAT’S THIS ABOUT FOUR
NEW IPHONES?
>> YOU USUALLY GET FOR NEW
IPHONES EACH YEAR.
I’LL THROW IN A NEW APPLE WATCH
ANTICIPATED AND EVERY SEPTEMBER
2012, MILLIONS WATCH ONLINE OR
LIVE SO IT’S EXPECTED UPGRADED
CAMERA ON THE NEW PHONES, THE A
16 BIONIC AND ALSO NO MORE MANY
FOES SO A REGULAR LARGE 7-INCH
PHONE WHICH I’M EXCITED ABOUT.
A NEW WATCH, WEARABLES ARE A
FORCE OF 100 COMPANY ON ITS OWN.
THE EVENT IS CALLED FAR OUT, YOU
HAVE PEOPLE ON WALL STREET
FIGURING OUT WHAT THAT MEANS.
AUGMENTED REALITY WHICH COULD BE
A NEW INTRO FOR THE FIRST TIME
IN CLOSE TO A DECADE.
IT’S ALSO IMPORTANT TO NOTE THIS
IS APPLES LAUNCH EVENT AND IS
TAKING PLACE A WEEK EARLIER THAN
USUAL JUST IN TIME FOR THE START
OF THE NFL FOOTBALL SEASON.
ALSO WALL STREET IS SAYING OKAY,
APPLES FAVORITE TO GET THE NFL
SUNDAY TICKET, THE ANNOUNCEMENT
BEFORE THEM, THEY COULD PAY
ABOUT TWO AND A HALF BILLION
DOLLARS ON A SUNDAY TICKET.
TRADITIONAL BROADCAST AND CABLE,
THEY SHOULD BE REALLY CONCERNED.
WE HAVE TWO POCKET TECH
COMPANIES THAT DON’T PLAY BY THE
SAME RULES ON THESE
MULTIBILLION-DOLLAR SPORTS.
ASHLEY: TWO AND A HALF BILLION
DOLLARS A YEAR.
>> THAT’S A BILLION MORE THAN
WHAT THEY WERE PAYING AMONG WHEN
YOU HAVE THAT MUCH MONEY, YOU
COULD BE PAYING A LOT MORE.
ASHLEY: THAT’S TOUGH TO COMPETE
WITH.
WE HAVE COMPANIES REPORTED
BEFORE THE BELL.
LET’S BEGIN WITH BEST BUY.
>> BEST BUY POLLING FOR 2025,
THAT’S DESPITE THE SALE SEASON.
THEY DID REALLY WELL IN THE
SPRING, MADE MORE MONEY AND
SALES, COMPARABLE SALES OF FOOT
TRAFFIC DROPPED LESS THAN
EXPECTED SO THE AMERICAN
CONSUMER CONTINUES TO SPEND ON
HIGH-PRICED ITEMS AND
ELECTRONICS.
I WANT TO SHOW GOOGLE REPORTING
HERE, BETTER PROFIT AND SALES IN THE SPRINGTIME STRONG RECOVERY
THE SPRINGTIME STRONG RECOVERY
AND SALES AND CLOUD DESPITE THE
ZERO COVID POLICIES AND
LOCKDOWNS TAKING PLACE THERE.
THE AUDIT AND WHETHER OR NOT
THEY WILL ALLOW THESE CHINESE
COMPANIES TO STICK AROUND.
ASHLEY: ALL RIGHT.
ANOTHER COMPANY WITH A LOT OF
BEES, BED BATH & BEYOND, THEY
ARE GOING TO UNVEIL THEIR
TURNAROUND PLAN TOMORROW.
WHAT CAN YOU EXPECT?
>> NEW STOCK TRADERS PILE IN
HELPING FOR A NEW STRATEGIC
PLAN, TURNAROUND SALES.
WALL STREET WANTS TO HEAR ABOUT
CASH AND BUILDING UP A CASH PILE
AND WHETHER OR NOT THEY ARE
COMPETENT TO SHIP THE GOODS
AGAIN TO THE HOME GOODS
RETAILER.
BEDFAST IS ON THE VERGE OF
GETTING A LIFELINE OF $400
MILLION IN ALONE SO THAT WILL BE
GOOD FOR THEM.
ASHLEY: IT WILL INDEED.
LET’S LOOK AT TV MAKERS, TITUS
BIGGEST ELECTRIC VEHICLE MAKER
HAVING BATTERY PRODUCTION ISSUES
ISSUES?
>> I THINK THIS STORY IS THE
ORACLE OF OMAHA.
WARREN BUFFETT TURNING 90 TODAY,
HE WAS BORN IN 1930 AND STILL
MAKING A LOT OF MONEY.
ASHLEY: THE ENERGIZING BUNNY.
>> MY GOODNESS.
$40 MILLION, HE STILL OWNS 20%
BUT THE ORACLE OF OMAHA FOR A
REASON.
HE’S MADE SIX 100% ON HIS
INITIAL 2008 INVESTMENT, THAT’S
$8 BILLION STAKE HE STILL OWNED
THEIR.
I WANT TO SHOW YOU THIS, WE TALK
ABOUT TV MAKERS, THE HOT STOCK
AND THEY ARE FILING FOR A SHELF
OFFERING TO RAISE UP TO $8
MILLION, ELECTRIC CAR MAKER SAID
THEY HAD NO PLAN TO SELL ANY
SECURITY AT THIS TIME BUT
ELUSIVE HAS BEEN REDUCING THE
AMOUNT OF CARS THEY WILL MAKE
THIS YEAR END EVEN ELON MUSK
COMES IN TO SAY GREAT TO SAY YOU
WILL MAKE THE CARS BUT ACTUALLY
MAKING THE CARS IN PRODUCTION IS
A TOUGH JOB.
ASHLEY: YES.
AND HE WOULD KNOW.
GREAT STUFF, THANK YOU VERY
MUCH.
LET’S LOOK AT THE BIG FORD --
CALL IT THE BIG BIRD THE OTHER
DAY AND I’M NOT SURE WHY.
NINETY-NINE POINTS, WE WILL CALL
IT 100.
UP A THIRD OF A%.
LET’S LOOK AT THE WINNERS ON THE
DOW AS WE LOOK AT THE 30 STOCKS
WE CAN SHOW YOU BOEING IS UP
THERE, UP TOO AND A HALF%.
NIKE UP NEARLY TWO.
AMERICAN EXPRESS OF ABOUT 1%.
3M UP CLOSE TO 1%.
S&P 500, BEST BUY, WE TALKED
ABOUT THEM, THEY ARE UP 6%.
CRUISE LINES, CARNIVAL,
NORWEGIAN BOTH OF FOUR OR 5%,
NOT BAD AT ALL.
NASDAQ, UP 3%.
IT WAS DOWN YESTERDAY.