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an all out war on short

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sellers couldn't fill another rally or

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wash him out. Crapped out everybody

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is getting So why aren't betting

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electric ambitions are recharge. Will dive

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into the report giving investors a

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big joke of confidence. When you pharmaceutical

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company entering the weight loss gold rush

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investors buying up the stock will tell

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you the name. Shocking New results from

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seem to see small boost survey

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that you will only go to here

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and. It could have

1:05

election implications and music to Tic

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Tacs Years massive user base, getting

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some news maybe we're dancing about

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You will not believe the price

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you pay for this Winky Entertainment

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set up. It's amazing and it

1:20

cost to zero. All that and

1:23

more over the our So as

1:25

always, belly up or buckle up.

1:27

Last call as of right now.

1:50

And. We start where the market alert. Hi. Everybody

1:52

good to see. It's my Friday so I'm not

1:54

wearing tight aren't we begin and I with a

1:57

simple question. How. do you like them

1:59

apples or it Apple. Apple

2:01

shares popping right now. Look at that. They're

2:03

up 6%. And with this move, Apple

2:07

adds about $161 billion in

2:10

market value just right now. And

2:12

here's the big headline. iPhone sales, they

2:15

drop. Wait, but the stock is

2:17

up because the money making headline,

2:19

the one that really shocked the investing

2:21

world was that Apple is

2:24

announcing the largest stock buyback

2:26

by any company ever.

2:29

Apple share buyback, $110

2:32

billion. To put that into perspective,

2:35

Apple's buyback is

2:37

as big as Boeing is

2:39

now. Exactly the same. By

2:41

the way, Apple's buyback is slightly bigger

2:43

than the combined market caps of GM

2:45

and Ford. This is just their

2:48

stock buyback. Steve

2:50

Kobach is live outside of Apple's

2:52

headquarters in Cupertino, California. He spoke

2:54

with Tim Cook a short time

2:56

ago. You're smiling. It's sunny. I

2:58

imagine Tim Cook was smiling. But

3:01

iPhone, Steve, that's not

3:03

the greatest headline. Yeah,

3:06

it's not. And it's actually gorgeous here. I'm

3:09

having the time of my life just getting

3:11

some sun. But look, here's what Tim Cook

3:13

told me about that slump in China sales

3:15

isn't going to last forever. Remember, sales there

3:18

were down 13% in the December quarter, now

3:20

this quarter down 8% for

3:22

the March quarter. And on top of

3:24

that, he told me iPhone sales grew

3:26

in mainland China. And in the long

3:28

term, he's optimistic. I asked him about

3:31

his recent visit to China and he

3:33

told me, quote, I feel great that

3:35

in an extraordinarily competitive environment that

3:37

we grew iPhone sales in mainland China

3:39

last quarter, that may come as a

3:41

surprise to some people. And so I

3:43

feel good about China. I think more

3:45

about long term than I do the

3:47

next week or so, end quote. And

3:50

then the big question was, of course,

3:52

on artificial intelligence where Apple plays in

3:54

their cooks still teasing the anticipated AI

3:56

announcement he first mentioned during their earnings

3:58

call three months ago. he

4:00

did give me some color on

4:02

how Apple hardware can enable AI,

4:04

telling me, quote, we've been shipping

4:06

a neural engine since 2020, and

4:09

so we've been working on AI from a

4:11

silicon point of view for years before that

4:13

to ship it in 20. And so I

4:16

think we have a huge opportunity here,

4:18

and as people start using AI more,

4:20

there's a big opportunity. Now we're expecting

4:23

more on AI to come at the

4:25

company's annual developers conference on June 10th.

4:27

A few more things to go over

4:29

in this report, iPhone sales, as you mentioned,

4:31

down 10%. Apple says

4:33

a lot of that is due to

4:36

a one-off one-time fluctuation following COVID related

4:38

production problems at the end of 2022

4:40

and beyond the buyback, shares moving higher

4:43

on stronger than expected guidance. Apple says

4:45

revenue growth will be in the low

4:47

single digits. Brian, I'll send it back

4:49

to you. Yeah, pretty amazing stuff there.

4:52

And I would imagine, Steve, the buyback news was,

4:54

I mean, I know we don't talk a lot

4:57

about buybacks. They tend to be boring. Companies aren't

4:59

obligated to do it. So it is just a

5:01

headline number. I mean, anybody

5:03

there really digging into that? 110 billion

5:06

is a lot of money. It's

5:09

a lot of money, and Apple throws up a lot

5:11

of cash. Keep in mind, though, they don't make big

5:14

acquisitions. They buy small companies, you know, in the tens

5:16

of millions of dollars range or hundreds of millions of

5:18

dollars that they usually don't disclose. Last

5:20

big acquisition they made in the billions with

5:22

Beats Audio for 3 billion.

5:24

So what are they going to do with that

5:26

money? They buy back their shares, Brian. Steve

5:30

Kovach out of Cupertino, California,

5:32

and enjoying himself. And Apple investors are

5:34

enjoying themselves right now. All right,

5:37

for reaction on Apple and technology

5:39

and longevity and just everything, let's

5:41

bring in a legendary tech investor.

5:44

He is now Primetime Partners co-founder and

5:46

chairman. He's run a number of

5:48

other venture capital companies. He has funded

5:50

many, many companies in his lifetime, and

5:52

that is Alan Patrick off also

5:55

one of the early investors in Apple. Alan,

5:58

it's great to have you on set here. It's been a

6:00

while. It's great to be back with you at angle. I

6:02

know we've been talking for a long time And

6:05

so I'm really pleased that you came on last call. I

6:07

want to talk about longevity I want to talk about this

6:10

huge gold rush of people wanting to live

6:12

longer and longer and live healthier You

6:15

invested in Apple 40 years ago. Did you

6:17

ever imagine it would be this? considering

6:20

that I invested $315,000

6:24

for about maybe it was let's

6:26

see it was valued about 60 million

6:28

dollars at that Second just

6:30

had started the year before I

6:33

Computed the value of that about a

6:35

year ago I haven't done it

6:38

recently, but I was running it monitoring it would

6:40

have been worth about 8 billion What

6:43

so I'm assuming you did not keep it

6:45

no I Actually it was

6:48

instead of selling it after when public

6:50

we distributed to all the investors and

6:52

I've always wondered I had about

6:54

40 investors did anyone by mistake put it

6:56

into a drawer and Forget

6:58

about it and all of a sudden you imagine a Your

7:01

315 thousand would have been would have

7:03

been 8 billion last year. I haven't

7:06

priced it I mean I was running

7:08

I had a computer program which I

7:10

was monitoring it on a monthly basis

7:12

just to see for fun What was happening?

7:14

I mean I hope it's that one of

7:16

those 40 or so investors did just kind

7:18

of to your point forget about it Oh,

7:21

honey. I just found 500 million dollars tucked

7:23

away in a corner Well, I had

7:25

a similar experience recently without a mining

7:27

company that was distributed from a fund

7:29

I was in 25 years ago when

7:31

I lost their certificate and founded it

7:33

and had Reasonable amount

7:35

of value and I could even remember the

7:38

life of Alan Patrick off I mean I

7:40

my next life I want to come back

7:42

as you you literally just finding mining company

7:44

certificates in a drawer that are probably worth

7:47

Millions of dollars, you know, but

7:49

but they say that there's nothing more valuable than than

7:51

health, right? What does somebody told me if

7:54

my former boss said, you

7:56

know a sick healthy healthy man

7:58

worries about a thousand things and a sick

8:00

man worries about one and you're doing

8:02

so many investments now prime time

8:04

in the longevity how big is

8:07

this going

8:09

to be well let's put it this

8:11

way medicare is currently about nine hundred

8:14

billion dollars a year as

8:16

growing eight percent a year estimate

8:18

is that i can remember the year but let's say

8:21

twenty thirty it uh... it's probably

8:23

laid that it'll be it could be as much as

8:25

fifty percent of the u.s. budget uh...

8:28

and we think about that i'm probably

8:30

too early probably is longer than that

8:32

twenty forty twenty fifty but

8:34

that's why when i started using his growing

8:36

and growing and growing what

8:39

we're doing is investing in

8:41

the product services and technologies

8:44

take care of the fastest growing part of

8:46

the population which no one is focused focused

8:48

on people over sixty

8:51

are growing to the point that by twenty thirty

8:53

the be more people over sixty they will be

8:55

under eighteen on you gotta

8:57

do something they have a lot of

8:59

money yeah exactly and with great new

9:01

we don't best in drugs or biotech

9:04

uh... but they're making life better for

9:06

all of us making

9:09

us live longer and better and

9:11

healthier lives and that means

9:13

more customers for the companies that

9:15

were investing in who are going to give them

9:17

products and services and technology are not doing it

9:20

for charity of you doing this to make money for

9:22

your investors a hundred percent and we

9:24

all focus on the young the tv demo

9:26

twenty five to fifty four what's the latest

9:29

take top craze right to your point biggest

9:31

group of people wealthiest group

9:33

of people and have been

9:35

long ignored by many

9:37

parts of the investing community but

9:39

everyone's all of a sudden discovered

9:41

your uh... your all alma mata

9:43

bloomberg across the cover of business

9:45

week about a month ago was

9:47

the word longevity the economist uh...

9:50

vanity fair new york times financial

9:52

times wherever you go people are

9:54

thinking much more about how i

9:56

can live healthier and uh... at

10:00

Happy of yeah I get escola time

10:02

How. How I've gotten to the point

10:04

I have that. This. Age and what

10:06

my secrets for successes are going

10:09

to Days finding a mining certificate

10:11

in a drawer newton hurts. I'm

10:13

it as having a positive attitude

10:16

about life. big wake up every

10:18

day and thinking the word yes

10:20

and. Waking. Up

10:22

with a smile of course.

10:25

exercising him and Livia. It's

10:27

a decent life, but working.

10:30

Having relationships with friends

10:32

and. Recently. Four

10:34

months ago got married my. Wife.

10:36

Had out of my previous life, has Alzheimer's

10:38

and passed away a few years ago and

10:40

so I've got a lot to look forward

10:43

or that. So that's my secret to success

10:45

of living. I roared. You hear about me,

10:47

Weiss But Butter? Congratulations on the new nuptials.

10:49

Just But Is there? you're You're in a

10:51

world that ninety nine point nine percent of

10:53

our audiences not in your. Super.

10:56

Rich. Famous. Investor. Season.

10:58

Go To private companies. Is there any

11:00

public companies that you're investigating that our

11:02

viewers or should be looking at the

11:05

help them. Take. Advantage or make

11:07

some money off this longitude he carried

11:09

out by. I wish I could say

11:11

yes to. The interesting thing is that

11:13

we're in a startup world. War.

11:16

We've paid thirty five investments in the first

11:18

three and a half years were business. But

11:20

now that to another fun and. I

11:23

would say all of them. With

11:26

rare exceptions are and what you call

11:28

seed stage early stage startups. some a

11:30

rounds of speeds a little bit further

11:32

have revenues and there are no growth.

11:35

There are no growth fun. Spoke to

11:37

somebody else However, every company you can

11:39

think of every company you miss. Benson

11:41

on years school a crow crawl has

11:44

gotta be thinking Ford Motor got his

11:46

thinking as a stab at a zoo.

11:48

Cyborgs: what are they doing to make

11:50

sure the cars or. Com.

11:52

more comfortable enough to get into easy to

11:54

get out of that were not invest the

11:57

and ford motor us so but i get

11:59

your point we have the former ceo the

12:01

show for later than the show. But there

12:03

are specifically no companies that

12:05

have yet gone public that are dealing

12:08

with it. You

12:10

can't even name some companies in this area. When they're

12:12

about ready to go public so we can take advantage,

12:14

will you let us know? Are you

12:16

kidding? Of course I'll let you know. I'll take them

12:18

and bring them on the show for you. We have

12:21

several companies out in Fort Fort, they could be public,

12:23

but it's going to take a while. Is the

12:25

IPO market strong enough to go public? I

12:28

think that in my area, most people will

12:30

be, the most transaction

12:32

will be M&A transactions because all

12:34

of the insurance companies, all the

12:36

health plans have to know

12:38

what's going on to make

12:40

their audience, might make their customers,

12:43

their clients, live more comfortably

12:45

and live longer. For example, every health

12:47

plan will do anything they can to

12:49

prevent a person from falling because when

12:51

you fall, you've got to go get

12:53

an ambulance, you go to the hospital, you

12:55

get a hip replacement, you get pneumonia, you

12:57

get sepsis and it costs

13:00

a lot of money. So preventing

13:03

is a big deal. Alan

13:05

Patrick, prime time partners, we could do the whole

13:07

hour with you, but I'd probably get fired, but

13:09

I probably wouldn't even mind it. So Alan, let's

13:11

try not to make it so long again, please.

13:13

But let me, since you wanted me to talk

13:15

about that, but let me just one thing and

13:17

say, it's a great

13:19

memory of having made that investment and I

13:22

get great pleasure and I astounded

13:25

like everybody else to see $110

13:27

billion buybacks. By

13:30

the way, I think they did a

13:32

$90 billion buyback last year. So let's

13:34

not forget that. This is, that's real

13:36

money even for Alan Patrick off. Thank

13:40

you. It was a real pleasure. Thanks. public.

13:46

Thank you. All right. So

13:48

we're going to take a look at the money today and it was a

13:50

good day. Markets rose across the board. Now back up

13:52

one and a half, by the way, small caps, bigger

13:54

winner up nearly 2%. Quick

13:56

check on the future. See how they're doing as well. They're

13:58

very thinly traded, but they are. in the green. All

14:00

right. Up next. Call it an earnings.

14:03

I've owned Don's. We're going to check in on

14:05

a big gambling app as the NBA playoffs heat

14:07

up. Plus, can Joe Biden

14:09

win back small business, even as inflation

14:11

heats back up. That's coming

14:13

up. Stick around. On

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May 10th, kingdom of the planet of the apes

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is coming to IMAX and theaters

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everywhere. This

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summer, one movie event

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where they're taking your

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of the planet of the apes only in theaters

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May 10th. Tickets on sale now ready PG-13. Some

14:47

material may be inappropriate for children under 13. Oh,

14:49

watch your

14:52

step. Wow, your attic

14:54

is so dark. I

14:56

know right. It's the perfect place to stream

14:58

horror movies. What

15:01

movie is that? I haven't pressed play

15:04

yet. AT&T

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fiber with all five covers your whole house.

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Even your really, really creepy attic turned home

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about scaring our guests? Get

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AT&T fiber with all five and live like

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a gillionaire. Limited availability covers may

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require extenders at additional charge. All

15:26

right, get down to tomorrow's news tonight. First up,

15:28

Bloomberg reporting that the NBA is

15:30

close to signing a new long-term

15:32

broadcasting deal that would pay the

15:34

league about $76 billion over

15:38

11 years. I don't know if that's a nod to

15:41

Philadelphia or not, but $76 billion is a lot of

15:43

money. The league has agreed to a general framework of

15:45

deals with Disney and

15:48

Amazon, reportedly worth $2.6 billion

15:50

and $1.8 billion a year, respectively. Remember, these

15:55

deals not signed, could

15:57

change, things could happen. NBC can

15:59

still... jump into the other deal, take a

16:01

look at what some of the media stocks are doing.

16:03

They're not doing anything. But let's bring in now, Alex

16:05

Sherman, for more on what

16:08

I think Alex is a pretty darn big

16:10

headline for the NBA. Yeah,

16:14

well, the partners, I think, at this

16:16

point are pretty well known in terms

16:18

of three of the four,

16:20

right? You mentioned two of them, Disney

16:22

and Amazon. The

16:25

basic frameworks of those packages are

16:27

done. It's not really a surprise

16:29

that either Disney, which owns ABC and

16:31

ESPN is back in here, or Amazon,

16:33

which has global reach, has already demonstrated

16:36

success with the NFL through Thursday Night

16:38

Football, that they would be the NBA's

16:40

streamer of choice. And

16:42

they're very interested in owning a

16:44

package. It's the third package that

16:46

is still a big question mark,

16:48

whether that goes to our parent

16:50

company, NBC Universal, or Warner Brothers

16:52

Discovery. NBC Universal has come out

16:54

with a large bid of averaging

16:56

about $2.5 billion a

16:58

year. That's more than double the

17:00

price that Warner Brothers Discovery currently pays

17:03

for the NBA, which is about $1.2

17:05

billion per year.

17:07

And it boxes Warner Brothers Discovery in. They're

17:09

either going to need to spend a dramatic

17:12

amount of money for a company that has

17:14

been cost cutting for the past two years

17:16

trying to get their debt down

17:19

and their cash flow up. This kind

17:21

of goes against strategy for them, but

17:23

they need the NBA to support their

17:25

cable channels, TNT and TBS. And they

17:28

also need it to support this new

17:30

sports JV that they're a part of

17:32

with Disney and Fox. So that's the

17:34

scenario we're in. The league, the NBA

17:36

is going to make out really well

17:38

here because they have a lot of

17:40

interesting bidders. Is this going to trump

17:43

the NBC bid? I know you mentioned

17:45

us. Is this

17:47

different than that? Because there's multiple rights packages

17:49

going out, correct? And you got to answer

17:51

the most important question of all, where

17:54

will Charles Barkley end up? Cause I, you

17:57

know, Charles is struggling at

17:59

20 million. Whatever is making. also to make sure

18:01

that he ends up in a safe place. So.

18:04

We don't know yet to that bright as

18:06

so that will be determined that who gets

18:08

the third back and so what's the? Just

18:11

to be clear, since day there are two

18:13

packages. Physios. One Warner Brothers

18:15

discovery of the others he says he is

18:17

be right partners for the N B A

18:19

for the last. One. In two years.

18:22

In the new world there's going to

18:24

be free partners Amazon as the new

18:26

one dizzy will maintain of package and

18:29

the third quarter will be either Warner

18:31

Brothers, Discovery of Power, Nbc, Universal Party,

18:33

some sort of last minute shit whereas

18:36

Charles Barkley and up with a portable

18:38

guess the back as he stays whole

18:40

se as see if a so that's

18:42

the quest is yes and outlaws of

18:45

his contract And really anybody. And.

18:47

Make him an offer at that point so we will

18:49

see. We reached out

18:51

to Charles we invited about last call. We

18:53

got a polite know but Charles if you're

18:55

out there. You're. Welcome any time

18:57

you and Kenny and Shack Whatever. Went

18:59

out to dinner, were taught my Goldman

19:01

Sachs and sack and I said it's

19:03

Goldman Sachs and now they're going to

19:05

use that. I'm not going to get

19:07

a dime. Our sermon are great stuff

19:09

thank you very much Rise. By the

19:12

way, they're still earnings rolling out. so

19:14

is a corporate edict. We have to

19:16

hit a few coin base. Our better

19:18

than expected revenue: Strong crypto pricing Trading

19:20

the crypto of chainsaw transaction revenue top

19:22

of billion dollars. But Kate Rooney. The.

19:24

Stock is down on what seems like a

19:26

decent quarter. Ever. I

19:28

and sell at the corner was really good

19:31

as he look at the first quarter think

19:33

we had an all time i really help

19:35

point they say tend to see trading volume

19:37

transaction revenue really rise when that does happen.

19:40

So the south again today heading into earnings

19:42

had been up something like eight or nine

19:44

percent so far as really have the one

19:46

thing. And. One reason the stock may

19:49

be folly after hours as the April number.

19:51

so they gave us some updates on in

19:53

terms of transaction revenue and if you look

19:55

at the runway sort of the average. Rate.

19:58

of growth based on that It

20:00

doesn't look as good as it did in the first quarter. So

20:02

that may be part of the week this year. And then something

20:04

else that analysts are watching is sort of the mix of

20:07

Bitcoin revenue versus everything else. So Bitcoin

20:09

is sort of seen as the

20:11

OG, the safest of the crypto assets,

20:14

and the most legitimate. It's

20:16

been added to these Bitcoin ETFs. But

20:18

everything else out there is seen as

20:20

riskier and seen as something

20:23

that regulators, especially the SEC, are looking at.

20:25

So I've been talking to analysts that say,

20:27

it's not necessarily good news that more than

20:30

half of the assets on Coinbase are now

20:32

other assets, not Bitcoin. So that's

20:34

one thing that's taking a little bit of the

20:36

shine up the quarter. But objectively, a very, very

20:39

strong quarter. One question heading into this was, what

20:41

do those ETFs actually mean for Coinbase? Some people

20:43

said, you know, can cannibalize the business. It could

20:45

be seen as a bad thing. Coinbase

20:48

CEO, Brian Armstrong, he talked about that on

20:50

the call and brought some attention to it.

20:53

But here's what he said, Brian, pretty interesting.

20:55

This excitement around Bitcoin ETFs actually drove

20:57

new customer adoption across our product suite.

21:00

And we saw all time highs in trading

21:02

volume and active clients, for instance, in our

21:04

institutional business. So, you

21:06

know, I think it's a rising tide that lifts all boats.

21:09

So at least not taking market share away from

21:12

them yet. But that was one big question going

21:14

into this, Brian. So interesting there,

21:16

the rising tide analogy. Good thing for

21:18

Coinbase. There it is. Kate Rooding, thank you very

21:20

much. All right, let's bring in now, CBC contributor

21:23

and Seymour asset manager, founder and CIO Tim Seymour,

21:25

who's going to be on to talk about DraftKings

21:27

and gaming. We might get to that. You even

21:29

wore ties. Do whatever. Nice. Were

21:32

you just playing? Were you just hooping? You look like you dressed

21:34

up for me. Maybe you're doing some pickup game out. We were

21:36

doing the thing that you're going to see later on in the

21:38

show. And I was actually doing like some physical stuff for one.

21:41

And like your physical guy. Let's get physical, Brian.

21:43

Well, I saw you did this. The

21:47

leg hammers quickly. Look below deck. All

21:50

right. That's a good new captain, apparently. Come

21:55

on. I don't even know. Let's start. How about

21:57

this NBA? Okay, we don't talk a lot about

21:59

sports. These are some huge

22:01

numbers. Amazon's in play, Disney's in play, NBC Universal

22:03

may be in play. Is there a

22:05

play? The play is ultimately

22:07

that it is a feeding frenzy.

22:10

As you pointed out, this is not

22:12

necessarily the same deal that Warner Brothers

22:14

and NBC are dueling over, and who

22:16

needs that one more? You

22:18

can make an argument that Warner Brothers clearly has

22:20

over-earned on that deal. They almost priced themselves. It's

22:23

been so effective for them, you can make an

22:25

argument that that's been $600 to $700 million a

22:27

year just in

22:29

their pocket from that deal. I

22:31

think the dynamic here around the power

22:33

of the franchise and the NBA is

22:35

that they are gonna continue

22:37

to buy up. And I think

22:39

all of the various platforms,

22:42

and of which Amazon really has the

22:44

pockets that go on forever, this is

22:46

the state of play. You

22:48

know, and Alex has made this point

22:50

very well that in many ways, NBA

22:53

on TNT, with Charles and

22:55

Kenny, whatever, we got Kenny Smith on a stock

22:58

draft this weekend and on CNBC and of course

23:00

he picked Warner Brothers because that's home, he was

23:02

smart to do that. Was his teammate- He knows

23:04

something, I don't know. Did he really

23:06

pick Warner Brothers? Yeah, of course he did, why wouldn't

23:09

he? I mean, he's Kenny the Jet Smith. I mean,

23:11

this was- No, he seriously, Kenny Smith picked Warner- I'm

23:13

sorry, I created this stock strap.

23:15

I did not watch it, I was traveling or something. Whatever,

23:18

I was angry. He was good.

23:20

No, he picked Warner Brothers. Kenny Smith. He also picked

23:22

Warner Brothers and it gets back to really the fundamental

23:24

story here. Warner Brothers is beleaguered, it's

23:26

beaten up and if you're playing the stock draft,

23:28

a little bit of, you know, just going from

23:30

just terrible to bad. You've

23:32

done that in your strategy, which is the

23:34

gamesmanship of picking the stock, it's just dumpster

23:37

fire in the hope that it goes up

23:39

40%, which could be

23:41

pennies, I get that. But look at

23:43

Warner Brothers' discovery, Alex has

23:45

argued that the NBA on TNT, whatever

23:47

is Warner Brothers' discovery. I mean, when

23:49

was the last HBO

23:51

hit, Game of Thrones? I mean, seriously-

23:53

I have a question and at one point, we were

23:56

doing some of the parts on Warner Brothers and

23:58

it added up to a lot more than ever. really is.

24:00

This is critical for them and we'll

24:02

see because it's also you can make

24:04

an argument that Peacock really wants this

24:07

and needs this. There's a

24:09

dynamic here that I think will still be

24:11

determined. The NBA is clearly the big winner.

24:14

Quickly, DraftKings, everybody's gambling on

24:16

sports. Knicks, by the way, I think three and a half

24:19

hundred dogs tonight at Philadelphia. I'm not touching that well. I'm

24:21

heading down to Philly to put my bro

24:23

shirt on and even though they didn't buy

24:25

one last ticket from Philly ownership. You got

24:27

one though. You got your Jalen Brunson jersey

24:29

ready to go. You got it. You got

24:31

it. But look, DraftKings. By the way, don't

24:34

get like hit with snowballs or anything. Look,

24:36

it's Philly. So I'll never be careful. Anything

24:38

can go on inside that arena as a

24:40

fan. I'll say this, the DraftKings

24:42

numbers were fantastic. They, unlike

24:44

what Penn did earlier in the day, they

24:46

beat and raised. They actually hit expectations, the

24:49

free cash flow, or at least the adjusted

24:51

EBITDA story here for an industry where you

24:53

have an addressable market that grows day

24:56

by day. So they're delivering. Penn is not

24:58

Penn saying, hey, hang in there with us.

25:00

Meanwhile, the interactive assets are really hiding a

25:03

core brick and mortar business in the casinos.

25:05

That's actually very strong, but that was disappointing

25:07

number out of Penn. Very strong out of

25:09

DraftKings. I'm long DraftKings. I think it goes

25:12

higher. I think they are, you know, they've

25:14

established along with Fandil a real,

25:16

a real beachhead. I'd love

25:18

to get Portnoy's take on an old Penn

25:20

today down with 15%. One stock. Everybody knows

25:22

the rules. Tim Seymour, we're going

25:24

to talk about it. Really appreciate it. Good way

25:27

to pick and roll with the news.

25:29

What we do, you know, pick and roll. And I'd like

25:31

to think we play above the rim here. Where

25:33

we do. It's better than a Rick roll. All right.

25:35

So ahead. Inflation

25:38

at top is you had any election as president

25:40

Biden have a plan to win over small business

25:42

owners. Kate Rogers up with that next. Oh,

25:50

well, I just stepped. Wow. You're out of gets

25:53

so dark. I know,

25:55

right? It's the perfect place to dream horror

25:58

movies. We'll

26:00

move to his side. I haven't pressed play

26:03

egg. AHHHHHHHHH! AT&T

26:05

Fiber with All-Fi covers your whole house.

26:07

Even your really, really creepy attic turned

26:09

home theater. Jimmy, what if I

26:11

told you about scaring our guests? Get

26:14

AT&T Fiber with All-Fi and live like a

26:16

gillionaire. Limited availability covers may require

26:19

extenders at additional charge. Alright,

26:24

welcome back. It is Small Business Week, and

26:26

we don't need to tell any of you

26:28

out there watching or listening who own your

26:30

own small business. The times are still tough

26:32

in many areas. We get it. Labor,

26:35

hard to find. Inflation, still

26:37

serious problem. Remember,

26:39

costs have not come down.

26:42

The rate of cost increases

26:44

has come down. And

26:47

this will be a big issue at the ballot

26:49

box in November. Kay Rogers joining us now to

26:51

look at the pulse of how small businesses in

26:53

America are feeling out of November. Kate, what are

26:55

you hearing and reading? Hey,

26:58

Brian. So, inflation remains a

27:00

sticky and top issue for small

27:02

business owners across the country. According

27:04

to our CNBC SurveyMonkey Small Business

27:06

Confidence Index, only one in four

27:08

now say inflation is actually peaked.

27:11

That's down for nearly a third last

27:13

quarter. Meanwhile, three quarters say they still

27:15

expect inflation to continue to rise. That

27:17

number up from 69% last quarter. More

27:21

than one in three owners now say inflation

27:23

is actually their biggest threat to business. That

27:25

is three times, Brian, as many who say

27:27

consumer demand, labor shortages, supply chain or

27:30

interest rates are their top threats at

27:32

the moment. Also, there seems to be

27:34

a bit less confidence this quarter in

27:37

the Fed's ability to control inflation. 31%

27:39

say they're very confident that's down from

27:41

35% in our survey last quarter. But

27:44

on the whole, confidence is pretty stable right now for

27:46

owners at a score of 47 out of

27:48

100. That's on par with

27:50

last quarter's score up one point from the

27:53

same time last year. And looking

27:55

out to November, as you mentioned, inflation is

27:57

right now, again, the top priority.

28:00

say inflation and economic growth are their top

28:02

issues when deciding who to vote for this

28:04

year. These two come in ahead of tax

28:06

policy, which is always a big one, safety

28:08

and crime, foreign policy, and

28:10

healthcare costs. So all of those are

28:12

typically top concerns for small businesses, but

28:15

again, inflation and the economy and growth

28:17

are really key right now. Brian, back over to you.

28:19

It is big deal. Kate Rogers out West. Thank you

28:22

very much. All right. Joining us now is former senior

28:24

aides and New York governor, Andrew Cuomo, Melissa DeRosa, also

28:26

a new author, and former Ohio

28:28

governor and NBC news political analyst, John Kasich.

28:30

Guys, really appreciate you coming in. Uh, governor,

28:32

I'm going to start off with you. Okay.

28:34

We talk, we're, we're East coast biased. So

28:36

we need to talk about Ohio more. Okay.

28:38

My wife went to high school in Dayton.

28:40

He went to Miami of Ohio, which was

28:43

a school before Florida was a state. I'm

28:45

told how are things at Ohio and what is

28:47

the state of inflation for all the small business

28:50

owners that you cut taxes on back in the

28:52

day? Brian, I think it's

28:54

true across the board. Look, I mean, the problem

28:56

with inflation, so we can put

28:58

it just really nail it down is

29:00

that with inflation, it means that these

29:02

small business men and women have to

29:04

pay their workers more in wages. Number

29:06

one, number two, the cost of what

29:09

they need to procure in order to produce something has

29:11

gone up as well. Their rents have

29:13

likely gone up and they're living in fear of

29:15

interest rates. And are the report

29:18

that just finished is really clear. People

29:21

in this country are going to decide

29:23

this election about how they feel about

29:25

the economy. And Joe Biden can

29:27

walk around and he can talk about Bidenomics. In

29:29

fact, I see that some of

29:32

those opposed to, uh, uh,

29:34

to Joe Biden, uh, namely some

29:36

of the minority groups, particularly Hispanics

29:38

are using Bidenomics as a way

29:40

to kind of mock Joe Biden.

29:43

So, I mean, the fact is what the Biden

29:45

people have to do is to get their numbers

29:47

out there. Number one and number two, they've got

29:49

to show that things were not all so peachy

29:52

under Donald Trump. Bidenomics

29:54

is a marketing disaster. It's dead in the water.

29:56

Let's move that. They wish that inflation was as

29:58

dead as the term Bidenomics, but Melissa, if

30:00

you're going to advise the Biden administration, it's

30:02

what you do. OK, better than anybody. How

30:04

would you tell them to sell? You can't

30:06

tell somebody the economy is good. It

30:09

either is or it isn't. No, you're right.

30:11

But here's the thing, Brian. By a number

30:13

of top measures, the economy is not just

30:15

good. It's thriving. Unemployment has been

30:17

below 4% for the longest stretch in 50

30:20

years. GDP, we're breaking

30:22

records. Comparatively to other developed countries

30:24

around the globe, we are the strongest. Week

30:26

after week, you see record breaking things on

30:28

Wall Street. So by a lot of standards,

30:30

we are doing a great job in the

30:33

economy. The issue, of course, is every time

30:35

you reach for your wallet to pay for

30:37

a burger to go fill up your gas tank.

30:39

And you know it every single time, Melissa. Here's the

30:41

problem for the president. Here's the problem, which

30:43

is that he's got a little bit of a

30:46

conundrum, right? You want to say, hey, stock markets

30:48

are near record high, but, hey, you're middle class,

30:50

Joe, middle up, bottom out, or whatever that means.

30:52

You can't go and say, the stock markets are

30:54

record high when you're at the same speech.

30:56

No, look at. Talking about rich people are the problem.

30:58

And to what the governor was just saying, Biden

31:01

has to do a better job of reminding

31:03

people from where we came. He inherited an

31:05

economy that was decimated, right? We were coming

31:08

out of COVID. Unemployment was 6.4%. And

31:11

we came back from the brink. And all

31:13

of the arrows are pointing in the right

31:15

direction. Now, Americans are a lot of things.

31:17

Patience is not generally one of them. But

31:19

I think he's got to be out there

31:21

making the case that what you want in

31:24

a strong economy is you want predictability and

31:26

you want stability. And what is Donald

31:28

Trump? The polar opposite of that. He

31:30

is a flamethrower. And elections are ultimately

31:32

about choices. And what is Donald Trump

31:34

going to do to help the issue

31:36

with inflation? Raise import tariffs by

31:38

10% to 60%? Yeah,

31:41

but Biden wants to raise them more than

31:43

that. No, no, no, no, no, no. He's

31:45

talked about higher tariffs. He gave a speech

31:48

to one of the unions about higher steel

31:50

tariffs. No, but no. Trump is all about

31:52

protectionism. And he wants to raise tariffs on imports

31:54

10% to 60%. Sorry, go

31:56

ahead, governor. No, no, no, we're talking steel and I want

31:58

to bring it up, governor. Because you got some

32:00

steel in Ohio. All

32:03

right, Toledo, you got Jeeps being

32:05

made there. You got Cleveland Cliffs. They

32:07

got a huge facility there. They made

32:09

a massive investment in Ohio.

32:11

What is the economic sell for

32:13

both guys? And maybe the first guy

32:15

too. If the

32:17

election were today, Donald Trump would win

32:19

Ohio. But the election's

32:21

not today. And frankly, the Biden

32:24

people, and you'll see it coming, they're going to have

32:26

to become, they're going to have to go negative. They're

32:29

going to have to say this nostalgia about

32:31

how great everything under Donald Trump was is

32:33

simply not true. And they're going

32:35

to have to make that case. But here's

32:37

the problem, and you said it, Brian, what people

32:40

feel is what people feel. We can have the

32:42

stock market's great. This is good. That

32:44

is good. But I'm telling you this, small business

32:46

people, or I'm suggesting to you that small business

32:49

people are saying, inflation's hurting me.

32:51

Again, I got to keep raising my wages.

32:54

Everything costs more. And I'm not making the

32:56

money I used to make. And then on

32:59

top of it, they're concerned because Joe Biden's

33:01

talking about raising capital gains taxes, which of

33:03

course, if you want to spur an economy,

33:05

that's crazy. When we did the budget deal

33:07

under Bill Clinton, we cut capital gains taxes,

33:09

talking about raising them, just not selling. Yeah,

33:12

it's an excellent point. And this was a

33:14

smart panel. We got a long way to

33:16

go. So Governor Kasich, welcome back anytime. Alyssa

33:18

DeRosa, new author as well, welcome back anytime. Maybe

33:20

we got to do the show for like

33:22

the Montgomery Inn outside of Cincinnati or something. There

33:24

you go. We'll have the

33:26

ribs. We'll have the ribs. The grater's ice cream

33:29

and whatever that chili stuff is that people put

33:31

on spaghetti for some reason down there. Who

33:33

knows? Governor, thank you very much. Thank

33:36

you. Looking at you, Skyline. All right. Coming

33:39

up was the demise of EVs by

33:42

somebody called too soon. We'll

33:44

talk Ford's big numbers next. I

33:55

don't talk Ford. Overall sales weren't so

33:57

hot, but some positive trends in the.

34:00

Especially with EVs and hybrids. Yes, you heard

34:02

me right. Good EV news.

34:04

First, to what we call, or I

34:06

call, EV light. Diet EV, hybrids.

34:09

Ford hybrid sales jumped 60% from last

34:11

year. F-150 hybrid, Maverick hybrid, they're booming.

34:13

And get this, Ford sold more than

34:15

8,000 electric vehicles in April, more than

34:17

double from a year ago. That means

34:19

that EVs accounted for 4.4% of total

34:22

sales, not a

34:24

lot, but more than double one

34:26

year ago. So the trend is going in

34:28

the right direction. Let's bring in the former

34:30

Ford CEO, Mark Fields, talk about this.

34:33

And there's been a guy on shows

34:35

such as this, Mark, that have been critical of

34:39

the build out, critical of the price, critical of some of

34:41

the technology. Maybe that guy has

34:43

been slightly wrong. Well,

34:46

listen, I think there's this narrative

34:48

of the death of the EV.

34:51

I think the better narrative is the

34:53

death of the explosive growth that

34:56

we've seen in the past year or two for EVs.

34:59

When you look at the results in the

35:01

industry, including Ford's for last month, I

35:03

mean, yeah, the EVs were up

35:05

significantly versus the prior year. You

35:08

have to put it into perspective, right? The

35:11

incentives are up. A lot of

35:13

these manufacturers are clearing out inventory.

35:16

And the average incentive in

35:18

the last month for EVs was

35:21

about $6,000 versus the average incentive

35:23

for an ICE vehicle across the

35:25

industry for about $2,000. So

35:28

as a percent of the total price, they're

35:30

moving them out. And I think the bigger story

35:33

is mentioned at the beginning of the segment here

35:35

is the fact that hybrids are really

35:37

just on fire. I think it's a,

35:39

as you and I have talked about

35:41

before, I think it's a better solution

35:43

for the consumer. It's more cost-effective. They

35:45

don't have to change their habits. And

35:47

that's why you're seeing results like Fords

35:50

and hybrids and even Toyota really,

35:52

really going up. And I think they're

35:54

gonna benefit from that versus somebody like

35:56

GM or VW who just did the

35:58

complete pivot to, we're just. going to

36:00

pull a electric. Yeah, are they

36:02

toast? Because, I mean, yeah, growth rates

36:05

are up, but if you don't have a product

36:07

95% of the country doesn't want to buy, that's

36:09

not a good strategy. Well,

36:12

listen, I think they overestimated the way

36:15

consumers were actually going to adopt these

36:17

vehicles. I think in GM's case, they

36:20

have a great lineup, and they have all these EVs

36:22

coming, and they have a lot of capacity in place

36:24

for that. And listen, they said

36:27

they've done a pivot in their strategy a couple

36:29

of, like a month or two ago, or Mary

36:31

Barra said, oh, we're going to have hybrids also.

36:33

But keep in mind, it takes a few years to

36:35

bring those vehicles to the marketplace, so they're going to

36:37

miss out on that. And in VW's

36:39

case, listen, they went full hog towards

36:42

EVs, and their hybrid offerings are very

36:44

small. So I think they're going to

36:46

suffer as well, at least in this

36:48

interim period. But I'll give

36:50

them credit for the pivot, which is hard, because

36:52

you kind of admit, like, yeah, we got it

36:54

wrong, but we're going to fix that. Everybody makes

36:56

mistakes. Turning it back is the

36:59

smart thing. We'll see where it goes. Mark Fields, smart

37:01

guy, former Ford CEO. Thank you, Mark. Appreciate it. Thanks,

37:04

Brian. All right, coming up, Trump Media's

37:06

war on short sellers, the company calling

37:08

out eight big Wall Street firms will

37:11

tell you more about the blistering war

37:13

of words. Call

37:24

it an all-out war of words. Trump

37:27

Media's CEO, Devin Nunes, is pushing the House

37:29

of Representatives to investigate some Wall Street firms

37:32

that he says engaged in illegal short selling.

37:34

A former California congressman claims eight

37:36

firms facilitated what he calls illicit

37:38

short selling. Now targeting short sellers,

37:40

not new for Nunes. Two

37:43

weeks ago, in a letter to the NASDAQ, he

37:45

warned about what he called potential market manipulation. One

37:48

firm he named, the big Citadel Securities,

37:51

gave us this little nugget, calling Nunes

37:53

a, quote, proverbial loser who

37:55

tries to blame naked short selling for his

37:57

falling stock price. I don't know. You

38:00

don't see that a lot. So what exactly is

38:02

going on here under the hood? It's bringing

38:04

somebody who knows the short world well, that

38:06

is Mr. Herb Greenberg, CBC contributor and now

38:09

co-founder of the new Wall Street Beats, which

38:11

has been terrific. I've been lurking

38:14

online, Herb, since I can't afford a membership. What

38:17

do you think is happening here with

38:19

this? Look, where does this go? Where

38:22

does this end up in

38:24

court? It ends up with the company will

38:26

still be the hobbled company that appears to

38:28

be fundamentally, this is nothing, it's more of

38:30

a diversion tactic. I will say it reminds

38:33

me a lot of the battle

38:35

between the short sellers many years

38:37

ago with overstock.com, where the CEO was constantly

38:39

saying there's naked shorty, naked shorty, naked shorty.

38:41

In the end, what they found was that

38:44

he was in the right house, wrong neighborhood,

38:46

and it was the firm. So I'm not saying that's

38:48

the case here. There was an

38:50

issue with firms that were getting the so-called locate

38:53

for shares that would then be loaned out for

38:55

shorting purposes. And that was causing

38:57

quite a mess. And the actual victims there,

38:59

Brian, listen to this. It's a nuance. The

39:01

victims, it was the short sellers, because they

39:04

ended up having to pay far more than they normally would

39:06

have. So is that the case here? What was it? I

39:09

went out, I had lunch with them. The

39:11

name of the big short seller, the

39:13

huge fight with Patrick Byrne and

39:16

overstock. Why can't I remember? Well,

39:19

I don't know which one. There's so many of

39:21

them. There were allegedly so many. But

39:25

my point is that everything, nothing new is

39:27

old again, or whatever the hell, you know

39:29

what I'm talking about, Herb. Which is, we've

39:31

seen this fight before. You got a heavily

39:33

short stock, CEO's coming out, blaming the short

39:35

sellers. But by the way, he's blaming Ken

39:37

Griffin, one of the richest men in the

39:39

world, owner of Citadel. I'm not sure that's

39:41

the fight you want to pick. I don't

39:43

know. Look, I

39:45

can't tell you what's going on here. What I

39:48

can tell you is this. We know that this

39:50

is almost always a diversion tactic. I say it,

39:52

and beware of what you wish for. Because

39:55

you know, with these stocks, especially thinly traded like

39:57

this, it's the elevator up, get rid of the

39:59

short. sellers, no natural buyers, when

40:01

reality hits, it is the elevator

40:04

shaft down. That is the

40:06

thing that gets lost in this. In the

40:08

meantime, you create a war, you get the

40:10

enemy, the enemy is the short sellers, it's

40:12

a populist message. Brian,

40:15

we have seen it before and in the end, it's

40:17

not usually the company that wins. No,

40:19

it's not. And we'll have to wait to see. I'm not

40:21

going to ask you how this ultimately plays out, but it's

40:24

got to be- I have no idea. No, but

40:26

it's because it's got the former

40:28

guy's name, right? It's going to get extra attention no

40:31

matter what happens. Of course. And that's

40:33

why the stock is where it is. If it wasn't the

40:35

former guy, it would be the stock would be, as I

40:37

said before, a penny stock. Yeah,

40:39

a couple million in sales revenue. Number one, hey, you're

40:41

a couple of weeks into Wall Street Beats, I'll give

40:43

you 20 seconds to plug it because I love you.

40:45

Like what's been the biggest surprise for you so far

40:47

in this new gig? Just how

40:50

many great ideas we've had. And I say that

40:52

we do a morning sort of like call and

40:54

I will tell you the team we put together

40:56

is just so fantastic. A lot of former people

40:58

who people used to listen to, and

41:01

we're getting them back to be listened to again.

41:04

Getting the band back together again. I

41:06

can't wait to see Herb Greenberg back

41:08

at CNBC HQ someday, but you'd have

41:10

to put on pants Herb, and

41:12

I don't think you want to do that. Live in San

41:14

Diego. Herb Greenberg, thank you

41:17

very much. Coming up, the TV that watches you. This

41:19

is a hell of a story you got to hear

41:21

and see. It's next. This

41:29

is a cool segment. All right. With the

41:31

rise of streaming TV, disrupting traditional television, the

41:33

TV ad space has been in decline. I

41:36

mean, we know that, but

41:38

one company is looking to change that. Telly

41:41

is a new TV maker that gives you a dual

41:43

screen, 55 inch television

41:45

for free. But

41:49

there is a catch. Before you order

41:51

a Telly, you answer more than a hundred

41:53

questions about your household, your viewing habits, your

41:55

interests and more. Telly will ship

41:57

to you with personalized ad.

42:00

advertising and then it

42:02

knows what you're doing and gives

42:04

you advertising always on the

42:06

screen. Joining us now is

42:08

Telly founder and CEO, Ilya Posen. Ilya,

42:10

thank you for coming in. Thanks so much

42:12

for having me. No, I mean, by the way,

42:15

Harmon Carden sound bar, you were blasting some music

42:17

earlier. It sounds good, like a Sonos sound bar

42:19

or something. All right, this

42:22

is free. So

42:24

how do you make money? Yeah, so we make, first of

42:26

all, this is the smartest TV on the market. If we

42:28

were to sell this TV, it would have to be well

42:31

over $1,000. But as you said, we're

42:33

giving away completely free. This thing goes

42:35

beyond television, right? It's dual screen. It's got

42:37

a second screen on the bottom that shows

42:39

you sports scores and news and weather. We've

42:42

got a camera on here that lets you do zoom

42:44

calls and fitness and gaming, right? Voice

42:46

assistant, all zero dollars, right? All this stuff that

42:49

we keep updating every month, making it better and

42:51

better. So take a test, like keeps improving. But

42:53

as you said, we got to monetize, right? So

42:55

how do we make money? The advertisers cover

42:57

the cost of the TV. So this is

42:59

an ad. This is always on. This bottom

43:01

screen is on when your top screen is

43:03

on. So no matter when you're, whatever you're

43:05

watching, we're able to monetize using the bottom

43:08

device. So our consumers, because of

43:10

all the beyond TV features that we

43:12

have, actually use the TV far longer

43:14

than a traditional TV. traditional TV is

43:16

used about three hours a day or

43:18

so. We're almost double that in our

43:20

usage time, right? So earlier I posted

43:22

you and my producer, Chelsea, playing whack-a-mole.

43:24

Yeah. There's games on here.

43:26

Because the camera, you can move. It's

43:29

super advanced. And the games, first of all, the games

43:31

aren't even out yet. We're showing a little preview that's

43:34

coming out in two weeks, but that's the whole point

43:36

of this thing. We keep making

43:38

it better and better because we overloaded it with

43:40

extra computing power, extra sensors just to make this

43:42

thing future proof, right? And the advertising

43:44

piece, or check this out. So there's a Pizza Hut ad

43:46

right there. We press beta open

43:48

and this is something a TV can't do,

43:51

right? We literally are now on pizza hut.com

43:53

and we can order a pizza right from

43:55

your screen. So typically when an advertiser, advertisers

43:57

are on television, it's just brand ad. That's

43:59

it. They hope they're reaching the right people.

44:01

But it's just really for exposure. If you

44:03

typically, if you're an advertiser, you want conversion,

44:06

you go to web mobile, right? But finally,

44:08

if you look at this device, it's almost

44:10

like a mobile tablet attached to a TV.

44:12

That's why we're able to get conversion rates

44:14

and engagement from telly that you're not able

44:16

to run an online. I need you to

44:18

help me out with something because there is

44:20

a camera that you could play

44:22

games and do Zoom calls. That's right. Are

44:25

you... I mean, if I'm

44:27

sitting on my couch shirtless,

44:30

dripping corn nuts on

44:32

my chest. No one wants to see that. No one's

44:34

in the house. And I don't want you to see

44:37

it either. Is that watching me? Absolutely no. If you

44:39

look at the camera that's shot, right,

44:41

completely, and we stay above every privacy law,

44:43

what we, we don't use the camera whatsoever.

44:45

It's only there for the consumer use case

44:47

to play video games, to do Zoom calls,

44:50

to do fitness, things like that. We don't look at

44:52

you. So you know what I'm watching? Yeah. Last call,

44:54

7 to 8 PM Eastern time

44:56

Monday, Friday, by the way. But

44:59

you're not watching me watch that screen. Okay.

45:01

That's company. But we talked about this earlier.

45:03

I was a little bit confused. Yeah. A

45:05

little scared about it. Yeah, we don't do

45:07

that. But let me give you an example.

45:09

So this is, this is me opening up

45:11

Zoom on the TV, right? So now the

45:13

camera will physically open. Yep. There it is.

45:15

You're right there. And now we're on a

45:17

Zoom call, right? This is something once again,

45:19

your TV can't do, but you know, what's crazy is

45:22

that it's 2024. Our TV hasn't

45:24

changed in 10 years, right? TVs right now do

45:26

the same thing they did a decade ago. We

45:29

changed all that. We built a TV

45:31

that should be for the modern age.

45:33

If you look at the iPhone, if

45:35

you recall, when the iPhone came out,

45:37

it killed all these other devices, right?

45:39

We had cameras, GPS, music players. Now

45:41

they're all gone, right? Because your smartphone

45:43

can do that. I'm jamming the camera.

45:45

But with

45:47

tele, we're doing the exact same thing because

45:49

TVs didn't innovate. They stopped innovating. All

45:52

these other devices popped up. It is. It is. It's a

45:54

bias speaker and a voice assistant. All of that comes in

45:56

folks. I could say it's not a commercial, but the sound,

45:58

this sound bar, they were jamming. some music

46:00

earlier. I felt like I was, you

46:02

know, disco was fantastic. Ilioposa, really cool

46:05

stuff. 250,000 plus I'm already signed up.

46:08

Thanks for coming in. Thanks for bringing it in.

46:10

Thanks for what you're having. Folks, as always, thank

46:12

you for watching Last Call. I'm off tomorrow. I

46:14

will see you live Monday from Los Angeles. Reese's

46:45

peanut butter cups are where the green is, but let

46:47

me play devil's advocate here. Let's see.

46:50

So no, that's a good thing. Definitely

46:54

not a problem. Reese's, you

46:56

did it. You stopped this charming

46:58

day.