Episode Transcript
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Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Tim Cook, when did he kiss the ring? And then
some we're all debating right now how expensive that little trinket,
that the trophy or whatever he gave to Donald Trump.
And that's everybody's trying to guess on that at this
point in time. But it's there's gold in it as yet.
The White House is basically you know, it could have
(00:38):
been designed by goldmember at this point in time. Anyway, Anyway,
Tim Cook, he had to put his tail between his legs.
And I guess this is why I could never have
a real difficult time being a publicly traded company. The
reason being is is that you have a fiduciary duty
(00:59):
to your shareholders to do whatever means necessary to improve
the company I I have. There's three shareholders of my company.
It's uh, my brothers and I and we're always going
to do right by one another. But again, we have
a fiduciary duty to our clients, and we put that
above everybody else. Tim Cook had to put his tail
(01:19):
between his legs and go to the White House and
put on this little show so we could get Trump
off his back and Apple is not going to be
hit with all sorts of tariffs, and he had to
make all sorts of promises, and he had to do
it in front of the camera. I get a podcast
on this, and it's funny, you know, you know, you
(01:42):
don't understand they're going to spend six hundred billion dollars
winning and you see all the morons all the and
this is what I voted for, all these influencer morons.
I'm sorry, dam as a box of rocks comes to mind.
I don't mean to be mean, but you know, it's
it's hard not to. I mean, if you don't know
(02:02):
what the hell you're talking about, would you just shut up?
I know, I know that's how you make your living,
you know, griling people up online and towing the you know,
the company line. But let's be honest here, Okay. Over
the past four years, past four years, Apple's total in
(02:22):
total four year period of time capital expenditures investments was
forty two point two billion dollars forty two point two
billion dollars over the past four years. And now you
think that they're going to spend six hundred billion dollars
(02:43):
on what on? What do you understand? This is government
can go through six hundred billion dollars like it's nothing.
Companies they can't do that, nor will they do that,
because again, he has a fiduciary duty to his shareholders.
I pulled this up. This is uh, this isn't actually,
(03:05):
this is an actual press release from Apple back in
two thousand eighteen. Hmm. I wonder if they were getting
pressure back then too. Apple today announced a new set
of investments to build on its commitment to support the
American economy and its workforce, concentrated in three areas where
Apple has had the greatest impact on job creation direct
(03:28):
and pointed by Apple spending an investment with Apple's domestic
suppliers and manufacturers. They said that they were going to
spend back then three hundred and fifty billion dollars back
in two thousand and eighteen. Oh they didn't. It sounded
good at the time. Again, you know, you got to
(03:50):
make the president look good, but they keep I'm sorry people,
I'm gonna be honest with you know. I want the
president to do well also, But enough with that, okay,
anybody with half a brain can see right through all
of this. BS. Then you got Scott Vessant. Scott Bessett
comes out and he says, Micron is going to put
(04:11):
in two hundred bill and invest two hundred billion dollars.
Micron's going to invest two hundred million dollars. Do you
understand that? You and I? You and I are building
right now, We're the ones making the investment in Micron.
We are building Micron's chip plant outside of Syracuse, New
York right now. Yeah, yeah, yeah. And the only reason
(04:35):
why it's there is because Chuck Schumer was set up
majority leader there, you know, under you know Biden. Anyway,
they're going to spend two hundred billion dollars, where are
you going to come up with that money? The the
entire market capitalization that okay, if you're not familiar with
that is market kat is every single share of Micron
(04:57):
all together. Okay, multiply buy its stock price. Okay, you
wanted to buy every share, and again they couldn't do
it that way because stock throo. The total market caps
one hundred and twenty one billion dollars and you're gonna
they're gonna spend two hundred billion. Do you want to
you know what it's free cash flow was last year
Micron three hundred and eighty six million dollars. Come on, man,
(05:26):
I mean, it's this is crazy. Where you gonna get
that money from? For crying out again, you don't have
to do this, you know, I don't know. I don't understand.
I know you're gonna you're gonna get your influencers all excited,
and you're you're out there. I don't know you're speaking
to you know, I don't trying to draw attention to whatever.
(05:49):
It doesn't make any sense. Okay, you don't have to. Okay,
go back to what you were doing and what you
were doing well. I mean some great ideas as of late.
I love the idea with the census and not allowing
illegals to be counted. It's going to change the dynamic.
I thought, that's a smart move. That's great. But this
(06:09):
other stuff it's not working man Watchdog and Wall Street
dot Com