CHECKS WERE ADMINISTERED.
THIS IS THE SECOND STRAIGHT
MONTH OF RECORD-SETTING SALES
AMOUNT IS WHAT IS HAPPENING NOW.
TRAIN TO INVESTORS WATCHING A
LOT TODAY WHEN THE MARKETS OPEN.
CLOSELY FOLLOWING PRESIDENT
TRUMP'S DECISION ON WHETHER THE
U.S. WILL PULL OUT OF THE IRAN
NUCLEAR DEAL.
RIGHT NOW PICTURES POINTING TO A
LOWER OPEN AHEAD OF THAT
ANNOUNCEMENT.
ARMANDO SOTO, FINANCIAL ANALYST
AND MANAGING PARTNER AND A
FINIAN AND JOHN THOMAS, CHIEF
INVESTMENT OFFICER AT GLOBAL
WEALTH MANAGEMENT ARE WITH HER
THIS MORNING.
GUYS, GOOD MORNING.
>> GOOD MORNING.
CHERYL: THE ISSUE OF OIL SUPPLY.
ENERGY COMPANIES ACTUALLY HAD A
NICE SESSION RAN UP UNTIL THAT
TWEET FROM THE PRESIDENT
YESTERDAY ABOUT IRAN.
HE SOUGHT ENERGY STOCKS FALL OFF
IN THE AFTERNOON.
THAT'S A CONCERN THAT THE ENERGY
TO IF WE GET IT CUT OFF FROM
IRAN AND OIL SUPPLIES I THINK I
WOULD ACTUALLY BE A BOOST.
>> WELL, WE SEE THE PRICING COME
DOWN AS PROFIT SESSION FOR THE
RUN-UP THAT WE HAD.
THERE IS A LOT OF CONCERN ON THE
IRAN DEAL AND WE WOULD HEAR FROM
THE PRESIDENT TODAY REGARDING
WHAT HIS DECISION IS ON THE DEAL
MOVING FORWARD.
CHERYL: ARE YOU EXPECTING HIM TO
PULL THE U.S. SIDE OF THE DEAL?
>> WE EXPECT HIM TO MAKE
CHANGES.
I DON'T BELIEVE HE WILL JUST
PULL OUT OF THE DEAL.
THE PRESIDENT HAS BEEN KNOWN FOR
DEAL MAKING AND THIS COULD BE A
TACTIC WHERE HE THREATENS TO
PULL OUT OF THE DEAL.
BUT IT'S REALLY JUST SETTING UP
THE STAGE TO A NEGOTIATION AND
IMPOSING THE SANCTIONS WHILE
MAKING SURE THAT THE MARKETS ARE
GOING TO BE ROILED BY THESE
NEWS.
CHERYL: THAT'S AN INTERESTING
TAKE.
WHAT HE THINK OF ARMANDO'S
OPINION OF THIS?
THIS DOES HAVE AN ILL SIDE
EFFECTS INCLUDING COMPANIES LIKE
BOEING WORKING ON PARTNERSHIPS
WITH IRANIANS, FINANCIAL
PARTNERSHIP SINCE 2015.
>> I AGREE.
THE GEOPOLITICAL CONCERNS WITH
IRAN COME BACK TO CHINA.
YOU KNOW, CHINA HAS A LOT OF
IMPORTING FROM IRAN AND THAT IS
ALL RELATED IN THE JOB HAPPENING
UP THERE WITH THE IRAN DEAL.
I DON'T THINK THAT TRUMP IS
GOING TO DO ANYTHING TO ROILED
THOSE IRAN MARKETS AS MUCH.
BUT IT DOES RELATE BACK TO
CHINA.
>> IT'S INTERESTING TO COME
ARMANDO.
ALL OF THIS GOES BACK TO THE
U.S. TREASURY AND IF WE DO PULL
BACK, IF WE PULL OUT OF IT OPENS
UP A NEGOTIATION, THAT WILL BE
ON THE HEELS OF THE TREASURY.
JERRY MENTIONED THIS EARLIER.
180 DAYS TO WIND DOWN THEIR DEAL
BEFORE SANCTIONS TAKE EFFECT.
YOU SEEM TO BELIEVE THAT IS
GOING TO BE TIME FOR
NEGOTIATIONS.
DO YOU THINK THE ADMINISTRATION,
PRESIDENT TRUMP WOULD BE WILLING
AND OPEN TO CEOs SAYING WE
NEED MORE TIME IF WE CAN MAKE
SANCTIONS DIFFERENT THAN THEY
HAVE BEEN IN THE PAST SO IT
DOESN'T HURT AMERICAN COMPANIES
IN THESE DEALS.
>> PRESIDENT TRUMP IS A
BUSINESSMAN AND HE WILL
CERTAINLY LISTEN TO THE
COMMUNITY AND CEOs OF THE
ENERGY COMPANIES HERE IN THE
UNITED STATES.
SO HE WILL ACT IN THE BEST
INTEREST OF THE PEOPLE HERE IN
THE UNITED STATES ECONOMY AND
MOST IMPORTANTLY WORLD PEACE,
WHICH HE HAS BEEN VERY ACTIVE ON
ENGAGING IN.
CHERYL: LET'S MOVE ONTO APPLE
REAL QUICK.
I WANT TO TALK ABOUT APPLE IN
THE STOCK LOOKING AT POTENTIALLY
THE COMPANY WHICH HAS NEVER
HAPPENED IN THE HISTORY OF THE
STOCK MARKET.
IT'S FASCINATING.
WHAT DO YOU MAKE OF THE LOVE
AFFAIR FOR MORE INFO SAID OF
APPLE AND DO YOU STILL HAS ROOM
TO GROW PAST A TRILLION DOLLARS?
>> APPLE IS DOING ALL THE RIGHT
THINGS.
THEY ARE EXPANDED SERVICES,
REVENUE DRAMATICALLY.
THAT WAS A NICE SPEED ON
EARNINGS FROM THE SERVICES
ENDPOINT.
THAT IS A MORE PREDICTABLE
DRIVER OF EARNINGS IN FUTURE
EARNINGS AND THOUGH THAT IS
GOING TO LEAD TO AN EXPANSION IN
THE P.E. MULTIPLE FOR APPLE.
YES, THE FORWARD OUTLOOK FOR
APPLE HAS IMPROVED BASED ON THE
SERVICES REVENUE IN GREECE.
HAVING A SPOKESMAN OUT THERE
LIKE WARREN BUFFETT CAN ONLY
HELP.
CHERYL: NO KIDDING.
WE DEFINITELY SAW THAT.
$100 BILLION STOCK BUYBACK.
THE ECOSYSTEM, iPAD, iPHONE
SALES SEEMS TO BE A WINNING
RECIPE, NO?
>> THE PERFECT STORM FOR APPLE.
WHEN YOU LOOK AT APPLE AS A
COMPANY COMMITTED TRADE ON THE
MENTAL BASIS.
IF WE SEE THEM TRADE WAR ON A
FORWARD EARNINGS BASIS RATHER
THAN A PAST EARNINGS BASIS, THEY
CAN EASILY BLOW PAST TRILLION
DOLLARS.
IT'S REALLY THE WILL APPLE
ECOSYSTEM THAT HELPS APPLE MAKE
THEIR EARNINGS AND GO WHERE THEY
ARE GOING TODAY.