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Massive test on tap for Netflix · The Financial Exchange Show

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Speaker 1: a donation today. This is the Financial Exchange with Chuck Zada,
1:06
Speaker 1: and Paul Lane.
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Speaker 2: Now two of the Financial Exchange. It's Festivus Monday here
1:13
Speaker 2: and stocks not really feeling like they're in a giving mood.
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Speaker 2: So you've got the Dow off two hundred and forty
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Speaker 2: one points, the S and P's down five, Nasdaq's up
1:21
Speaker 2: fifty three. But man, this is really a skewed market
1:25
Speaker 2: with most stocks selling off today and a handful you're
1:28
Speaker 2: in Videos, Broadcoms, Lily, Meta, Tesla, they're up in a
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Speaker 2: handful of other ones, but a lot of red on
1:35
Speaker 2: the board, quite honestly when you're looking across, So not
1:39
Speaker 2: not exactly a great day for most stocks today for
1:44
Speaker 2: whatever reason. You've got the ten year US treasury it
1:48
Speaker 2: is selling off another three point six basis points to
1:50
Speaker 2: four point five six percent. We've got a couple treasury
1:53
Speaker 2: auctions this week. Kind of strange with again the shortened week,
1:58
Speaker 2: but you do have a couple auctions, so not surprising
2:00
Speaker 2: that you get a little bit of upward pressure in
2:03
Speaker 2: yields here on this one. Oil is moving down seventy
2:07
Speaker 2: nine cents a barrel to sixty eight sixty seven on
2:10
Speaker 2: West Texas Intermediate Triple A National avatur Gas prices at
2:13
Speaker 2: three h four and two tenths, so doesn't look like
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Speaker 2: we're getting under three dollars a bear or a gallon
2:19
Speaker 2: by the end of this year. And we've got gold
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Speaker 2: today down nineteen thirty ounce to twenty six twenty five
2:27
Speaker 2: and eighty cents. Every year at the end of the
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Speaker 2: year we get two things. The first are the predictions
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Speaker 2: for what the S and P five hundred is gonna
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Speaker 2: do next year, which can't stand. But then you get
2:38
Speaker 2: all of the pieces talking about, hey, here's all the
2:41
Speaker 2: stuff that happened this year that you know explains how
2:44
Speaker 2: markets moved and some stuff that you might have forgotten about.
2:47
Speaker 2: What what do you find notable in here as far
2:50
Speaker 2: as market related stories that were really key drivers of
2:55
Speaker 2: this year, Paul, If I've.
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Speaker 3: To sum up this year in terms of why it's been,
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Speaker 3: you know, such a momentous year for the stock markets
3:02
Speaker 3: performed so well, you probably have to start if you
3:05
Speaker 3: were telling someone who's been living under rock or doesn't
3:07
Speaker 3: follow this stuff within Nvidia at the forefront of you know,
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Speaker 3: some of the stock market gains that we've seen this
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Speaker 3: year up eight hundred percent since the beginning of twenty
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Speaker 3: twenty three, and at the forefront of all of the
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Speaker 3: AI enthusiasm over the course of the last several years
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Speaker 3: or so. Unlike some of these other stories that we
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Speaker 3: may we will likely get into where it is largely
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Speaker 3: driven around speculation and you know, promises of future glory.
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Speaker 3: In Vidia, at least to its credit, while there may
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Speaker 3: be some specutive trades behind it, showed up with revenue
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Speaker 3: to back it up. You know, they were doubling and
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Speaker 3: tripling their sales over the course of this year, unlike Broadcom,
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Speaker 3: who we covered last week, who traded up significantly with
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Speaker 3: over a trillion dollar valuation at one point off of
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Speaker 3: sort of the hope and potential that in twenty twenty
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Speaker 3: six or twenty twenty seven they would, you know, carve
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Speaker 3: a significant portion of the AI market. So I think
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Speaker 3: i'd have to start there with with Nvidia as my
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Speaker 3: first piece to cover. I'll kick it back to you
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Speaker 3: for the second one.
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Speaker 2: Yeah, I think that certainly is one. The other piece though,
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Speaker 2: that's you know, when we look at markets this year,
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Speaker 2: the continued dominance of the S and P five hundred
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Speaker 2: and look, it's it's not going to last forever, because
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Speaker 2: nothing in the investing world does. But when you go
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Speaker 2: through and look at you know, some of the broad
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Speaker 2: markets that are out there. Emerging markets as a whole
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Speaker 2: up about eleven percent this year, India up about ten.
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Speaker 2: I've got Japan up about five, Europe up about one
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Speaker 2: and a half, Australia up one, Brazil down like twenty
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Speaker 2: eight s A P five hundred is gonna again, barring
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Speaker 2: some kind of you know, epic collapse over the last
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Speaker 2: what five or six days trading days of the year,
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Speaker 2: probably notching twenty percent returns again, and with a chance
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Speaker 2: notch twenty five percent returns. And look, it just has
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Speaker 2: continued to be over the last several years. The place
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Speaker 2: where you're actually being rewarded for the equity risk that
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Speaker 2: you're taking. Now, it won't be the case forever because
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Speaker 2: there's a key part of that sentence, which is, hey,
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Speaker 2: you're being rewarded for the risk that you're taking. One
5:19
Speaker 2: does not always get rewarded for taking equity risk. That
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Speaker 2: is the whole point of stocks. I say this so
5:28
Speaker 2: much that it's probably annoying. Volatility is a feature of
5:32
Speaker 2: equity markets, not a bug. You don't look at day's
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Speaker 2: leg last Wednesday and go, oh, that's not supposed to happen.
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Speaker 2: That is supposed to happen. You're supposed to lose three
5:40
Speaker 2: percent in a day. Occasionally, it might only be one
5:44
Speaker 2: or two times a year, but it's supposed to happen.
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Speaker 2: It's part of the way that you know that you
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Speaker 2: have working markets is that you can lose money in them.
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Speaker 2: If you can never lose money in anything, then you
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Speaker 2: don't have a market. You've got a fake fraud, ponzi,
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Speaker 2: maybe a ponzi. The other piece to.
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Speaker 3: Further that is not only the S and P five hundred, Chuck,
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Speaker 3: but really seven names in the S and P five hundred,
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Speaker 3: Right if you look at the equal weight performance of
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Speaker 3: the S and P five hundred, so making so that
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Speaker 3: every single five hundred of the companies in there is
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Speaker 3: equally weighted, rather than the way it's constante, which is
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Speaker 3: a market cap based index. Where this magnificent seven that
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Speaker 3: we talk about so much on the show, Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia,
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Speaker 3: and Tesla account for now thirty percent of the index
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Speaker 3: from a waiting perspective, and the index is up twenty
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Speaker 3: six percent year to date. The S and P five hundred,
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Speaker 3: that equally weighted index, which spreads it out amongst all
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Speaker 3: those companies thirteen and a half percent. So, you know,
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Speaker 3: continuing to point to this idea that it's been six
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Speaker 3: or seven companies driving the bus the whole way through
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Speaker 3: this year, and again you know that that will normalize
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Speaker 3: two over time.
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Speaker 2: I also think that, you know, in terms of this year,
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Speaker 2: a story that we've touched a little bit, the FED
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Speaker 2: got twenty twenty four right. They you know, we've we've
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Speaker 2: been really critical of the FED for a couple of
7:09
Speaker 2: years now, twenty twenty two and twenty three I thought
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Speaker 2: we're not good years for the Fed. I think by
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Speaker 2: and large they've gotten twenty twenty four right. And it
7:19
Speaker 2: give credit where credits due. It is December twenty third
7:24
Speaker 2: right now. Inflation has not seen any meaningful rebound. It has,
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Speaker 2: you know, plat it is bottomed at a level that's
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Speaker 2: higher than you'd like to see, closer to three percent
7:35
Speaker 2: than two percent, but you're not like creeping back up
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Speaker 2: towards hell.
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Speaker 4: There then the you know eighth or nine that we
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Speaker 4: were looking at before.
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Speaker 2: Unemployment remains very low by basically every historical standard out there.
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Speaker 2: And so my view is, hey, the FED needs some
7:54
Speaker 2: credit this year, and I think that's a major story
7:58
Speaker 2: that there's a off landing here. How long it continues
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Speaker 2: is anyone's guess, because nothing's ever permanent in the economy.
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Speaker 2: Like if we go into recession in like twenty twenty eight,
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Speaker 2: you can't be like, oh, well, the FED, you know
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Speaker 2: they didn't get their soft it's been six years since
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Speaker 2: they raised rates. Then like what are we doing here?
8:17
Speaker 2: You know that's it's just not fair. But this year
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Speaker 2: I think a big story. FED got it right, and
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Speaker 2: we don't always say that very true.
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Speaker 3: It's in terms of those progress and those items, I
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Speaker 3: don't think a lot of us would have predicted with
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Speaker 3: full conviction that you'd get to those points. On inflation
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Speaker 3: and the unemployment, I guess less of a concern it
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Speaker 3: was really inflation heading to this year, and the point
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Speaker 3: being inflation is in a good spot at this moment, knock.
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Speaker 2: Wood, anything else that you want to make sure we
8:47
Speaker 2: notice kind of major themes from this year.
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Speaker 3: You know, I have to bring it up, not because
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Speaker 3: I'm someone who's well versed in it or that I
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Speaker 3: espouse to it, but there is a pocket again of
8:58
Speaker 3: speculation in this market, Chuck. For sure, it's very reminiscent
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Speaker 3: of what we saw in twenty twenty and twenty twenty
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Speaker 3: one where I always kind of use this brahmer. Now,
9:06
Speaker 3: if regular people, whether it's family members or clients, start
9:09
Speaker 3: asking me about bitcoin again, it means that we're in
9:13
Speaker 3: at least a speculative period. To me over the last
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Speaker 3: couple of years, that's sort of how I've earmarked things.
9:18
Speaker 3: If they're turning to me and asking me for my thoughts,
9:21
Speaker 3: it does seem like we've reached at least a portion
9:23
Speaker 3: in the market where there's a lot of speculation out there,
9:25
Speaker 3: and whether you want to look at micro strategies or
9:28
Speaker 3: some of these LeVert ETFs out there, there does seem
9:31
Speaker 3: to be this reminiscent era of where we were in
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Speaker 3: twenty one, with excess savings in this country and a
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Speaker 3: lot of speculation in the markets.
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Speaker 2: Take a quick break when we come back. We got
9:40
Speaker 2: a little bit of trivia coming, and then let's see,
9:46
Speaker 2: I don't want to do micro strategy at nothing interesting
9:48
Speaker 2: to say. They let's talk China.
9:49
Speaker 1: After this missed one of our shows. Catch up anytime
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Speaker 1: by asking your Alexis smart speaker to play the Financial Exchange.
9:57
Speaker 1: This is the Financial Exchange Radio Network.
10:05
Speaker 5: All right, It's time for our final Christmas trivia question
10:11
Speaker 5: of the year. Here we go, Which US state is
10:15
Speaker 5: home to the North Pole?
10:17
Speaker 2: Once again?
10:17
Speaker 5: Which US state is home to the North Pole? Be
10:23
Speaker 5: the eighth person today to texts us at six one
10:26
Speaker 5: seven three six two thirteen eighty five with the correct answer,
10:29
Speaker 5: and you want a Financial Exshane Showed t shirt once again?
10:32
Speaker 5: Be the eighth correct response to text us at six
10:35
Speaker 5: one seven three six two thirteen eighty five to get
10:38
Speaker 5: that Financial Eks Shane Show t shirt. See complete contest
10:41
Speaker 5: rules at Financial ekschange show dot com.
10:46
Speaker 2: Let's see. We got a piece here from the bloomy Berg.
10:49
Speaker 2: It's titled Biden Team to probe Chinese chips setting up
10:52
Speaker 2: Trump for tariffs? And what this is talking about, uh
10:56
Speaker 2: is I'll quote here just because it does a better
10:58
Speaker 2: job explaining it than I will. Has announced on Monday
11:01
Speaker 2: it would initiate the inquiry and a so called foundational
11:03
Speaker 2: chips also known as legacy or mature node semiconductors made
11:07
Speaker 2: in China, well not as advanced as the trips driving AI,
11:11
Speaker 2: the older technology is ubiquitous across a wide range of applications,
11:14
Speaker 2: including autos, airplanes, medical devices. In the telecom industry. So
11:18
Speaker 2: as an example, I go out and I buy a
11:25
Speaker 2: I don't know a router for my home, or I
11:27
Speaker 2: go out and I buy a I don't know a
11:32
Speaker 2: microwave from my home, or I go out and I
11:35
Speaker 2: buy a smartplog or something like that. Some of the
11:39
Speaker 2: semiconductors that are made in there are pretty basic. They
11:42
Speaker 2: don't need to do anything complicated like it's don't a
11:44
Speaker 2: black it's turning a light bulb on and off when
11:48
Speaker 2: I tell when my phone tells it to. And so
11:50
Speaker 2: ultimately you're looking for the lowest cost supplier in those
11:54
Speaker 2: cases many times, and oftentimes that tends to be in China.
11:57
Speaker 2: So what the Biden administration is saying here is, look,
11:59
Speaker 2: we want want to see if there's any risk associated
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Speaker 2: with these more basic types of chips, not for them
12:05
Speaker 2: falling into the wrong hands. But I think this is
12:08
Speaker 2: much more looking at hey, are there any security issues
12:12
Speaker 2: that are built into these from a construction perspective? Uh,
12:16
Speaker 2: you know, things along these lines. And I guess my
12:19
Speaker 2: only point one this is you've been president for four years,
12:23
Speaker 2: why are you doing this on your way out the door?
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Speaker 2: And I generally haven't been overly critical of the Biden
12:29
Speaker 2: administration on China because they've basically done the same things
12:33
Speaker 2: that I think Trump would have done in a lot
12:35
Speaker 2: of cases as far as you know, trying to restrict
12:37
Speaker 2: you know, more advanced chips and things along those lines.
12:40
Speaker 2: They haven't repealed any of the tariffs that Trump had
12:42
Speaker 2: put in, so I kind of graded them out is
12:45
Speaker 2: like they're finely, they haven't been awful, they haven't been great,
12:48
Speaker 2: they've been okay. But in this I kind of look
12:50
Speaker 2: at it and I go, well, you're leaving office in
12:54
Speaker 2: you know, twenty eight days, but why are you doing
12:58
Speaker 2: this now? You know what? What's there?
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Speaker 3: Yeah, I can't really discern whether or not this does
13:04
Speaker 3: pose a significant national security concern, Like if we just
13:07
Speaker 3: look at how simplistic some of those chips are, but
13:10
Speaker 3: I don't know the scale of you know, the semiconductors
13:13
Speaker 3: that are in all the different devices out there. It's
13:15
Speaker 3: certainly we can both agree is a worthwhile endeavor to
13:19
Speaker 3: at least explore this idea, and then also you need
13:23
Speaker 3: to if you find an issue. It's certainly a supply
13:26
Speaker 3: chain concern. Everything that we learn from COVID that you
13:28
Speaker 3: want to be able to diversify your supply chains from
13:32
Speaker 3: getting chips from other sources. So we'll see it's not
13:35
Speaker 3: going to be obviously Biden's decision as to what to
13:37
Speaker 3: do with this, So that will be on President Trump,
13:39
Speaker 3: you know, six months plus from now, to make a
13:41
Speaker 3: call one way or another.
13:42
Speaker 2: Let's get to something that we do know a little
13:45
Speaker 2: bit more about and that we understand a little bit
13:47
Speaker 2: more than Chinese made semiconductors. Netflix specifically, they've got two
13:53
Speaker 2: NFL games that are going to be on Christmas. Now,
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Speaker 2: Christmas Day for sports there is one league and one
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Speaker 2: league that for Christmas Day. For the last twenty five years,
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Speaker 2: the NBA, they have owned Christmas Day for sports viewers.
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Speaker 2: I think they have five games a year that they're
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Speaker 2: doing on Christmas now. I think it's like a noon
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Speaker 2: two thirty five, eight o'clock and eleven.
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Speaker 4: Yeah, it's either four or five, one of the two.
14:17
Speaker 2: They load the whole day up with games at this point,
14:20
Speaker 2: and it's it's just it's it's huge. The NFL decided, hey,
14:25
Speaker 2: you know what.
14:25
Speaker 4: We've been taking your lunch, let's take it.
14:27
Speaker 2: We would like in on the Christmas party. And so
14:32
Speaker 2: you've got two games that the NFL has on Christmas
14:35
Speaker 2: this year, and they are both going to be on Netflix,
14:40
Speaker 2: first time ever that Netflix has had NFL games. So
14:43
Speaker 2: you got Kansas City Pittsburgh at one PM and then
14:47
Speaker 2: Baltimore Houston at four thirty. Both pretty good games. I
14:50
Speaker 2: mean the Kansas City Pittsburgh is fine, Like it's not perfect,
14:54
Speaker 2: but it is what it is here. So I think
14:58
Speaker 2: the questions that are out there. Number one, hey, the
15:01
Speaker 2: uh who was the stupid fight? That was a month?
15:06
Speaker 2: That was the stupid one? Yeah? Yeah, Like twenty eight
15:09
Speaker 2: year old fights like fifty five year old retired guy
15:12
Speaker 2: and they basically pretend to fight. That was a real
15:14
Speaker 2: worthwhile use of everyone's time, made worse by the fact
15:17
Speaker 2: that Netflix had some buffering and streaming issues that made
15:19
Speaker 2: it hard to watch. Actually, so I maintained at the
15:25
Speaker 2: time I thought they were doing that just because look,
15:29
Speaker 2: if you screw up a midnight fight between a has
15:34
Speaker 2: been and a meh fighter, nothing really happens. It's like
15:41
Speaker 2: the people that are up at that time anyways watching
15:43
Speaker 2: that are kind of like, you know what you're gonna
15:45
Speaker 2: get going into that, your your eyes wide open. You
15:49
Speaker 2: mess up a Christmas Day game between Kansas City and
15:53
Speaker 2: Pittsburgh and you've got some problems here. So I think
15:58
Speaker 2: that was kind of a dry run to see how
16:00
Speaker 2: this would go. But there's a lot riding on this,
16:03
Speaker 2: not just for this game, but Netflix is making a
16:07
Speaker 2: move into adding more and more live content. They have
16:10
Speaker 2: WWE that they're picking up next year. I think did
16:14
Speaker 2: they just sign was it? Uh? Yes, it was they.
16:18
Speaker 2: Netflix has the rights to the twenty twenty seven and
16:20
Speaker 2: twenty thirty one Women's World Cup. Now they announced that
16:23
Speaker 2: last week gil so again that they are moving into
16:27
Speaker 2: live sports because even they see the value in it.
16:31
Speaker 2: And so this is something that is going to be
16:34
Speaker 2: a cornerstone of the next five to seven years for them,
16:37
Speaker 2: and they need to be able to prove hey, we
16:40
Speaker 2: can do this, and ultimately they will. Yeah, it might
16:44
Speaker 2: take this, It might take them, you know, a couple
16:46
Speaker 2: runs to figure it out. But I remember the first
16:48
Speaker 2: Amazon Thursday night football broadcasts and we were like, oh,
16:52
Speaker 2: this isn't great, and now, okay, it's fine. Yep, it's
16:57
Speaker 2: just another broadcast. It's it's fine. Like I don't like
16:59
Speaker 2: having to go to Amazon to find it, but.
17:01
Speaker 4: That is frustrating whatever frustrating.
17:04
Speaker 2: So yeah, I think this is going to end up
17:06
Speaker 2: working just fine for Netflix. They are a smart company.
17:09
Speaker 2: They think they're doing on this stuff.
17:10
Speaker 5: I have high expectations. I think they're gonna knock it
17:12
Speaker 5: out of the park. Honestly, as a viewer.
17:14
Speaker 2: Who's doing the commentary on those games, I will look
17:18
Speaker 2: it up for you.
17:18
Speaker 5: But I know for like the pregame show and everything
17:20
Speaker 5: that they went all out. They're going with everybody.
17:23
Speaker 3: They're going with Beyonce on the second game halftime show.
17:26
Speaker 3: So that can't be cheap either to get hurt of before.
17:30
Speaker 2: Okay, here we go. So Chief Steelers is gonna be
17:32
Speaker 2: Iron Eagle and Nate Burrowson and JJ.
17:33
Speaker 5: Watt, who we heard we heard Iron Eagle call the
17:37
Speaker 5: Patriots and Bill's very.
17:39
Speaker 2: Good, good announcer, Like does this stuff? Burrowson does? What
17:44
Speaker 2: does he do? I can't remember.
17:45
Speaker 5: He does the pregame show and he's good morning. He's
17:48
Speaker 5: on one of the morning shows. He's on the CBS
17:50
Speaker 5: Morning show.
17:50
Speaker 2: Oh, this is kind of funny. So Ravens Texans play
17:53
Speaker 2: by play, Noah Eagle, who is Iron Eagle's son, Greg Olsen,
17:58
Speaker 2: who I do think is the best of the business
17:59
Speaker 2: at Color Jamie Erdaal who she used to be at
18:02
Speaker 2: Nesson Is that right correct? And then Steve Weisch who
18:06
Speaker 2: is a national reporter at NFL Network. So they they've
18:10
Speaker 2: got some good people there. And the pregames show they yeah,
18:14
Speaker 2: you got like a laundry list here, Kay Adams, Drew Brees,
18:17
Speaker 2: Robert Griffin, the third Mantiteo, Mina Chimes or Rutledgs that
18:21
Speaker 2: both mccordy brothers like. It's yeah, they got some names there.
18:25
Speaker 2: So I think they're gonna be just fine.
18:29
Speaker 3: Football has really, the NFL has really tried to saturate
18:32
Speaker 3: his product as much as possible around the holidays with games.
18:36
Speaker 3: It's gonna be Saturday, Sunday, sorry, Thursday, Saturday Sunday, Monday, Wednesday.
18:45
Speaker 4: Thursday, Saturday. I think there's some crazy spam.
18:48
Speaker 2: You guys know what's coming in the next year or
18:50
Speaker 2: two every day. No, you're gonna have New Year's Day games.
18:53
Speaker 2: Oh oh, they're gonna take on Bowl season. Yeah, they're
18:57
Speaker 2: absolutely going to.
18:58
Speaker 4: Yeah, it's it's a lot. It's a lot of football
19:02
Speaker 4: to watch.
19:02
Speaker 2: Here's the thing. Everyone's been predicting their demise for years.
19:06
Speaker 2: Oh my god, I remember cub in a few years
19:08
Speaker 2: back being like, Oh, it's gonna get too saturated. No,
19:10
Speaker 2: like they're fine, They're making plenty of money. Quick break
19:14
Speaker 2: here Trivia answers next.
19:21
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19:25
Speaker 1: It's the Financial Exchange on the Financial Exchange Radio Network.
19:31
Speaker 1: Text does six one seven three six two one three
19:34
Speaker 1: eight five with your comments and questions about today's show.
19:37
Speaker 1: This is the Financial Exchange Radio Network.
19:45
Speaker 2: All right.
19:46
Speaker 5: Tribute questions today was which US state is home to
19:50
Speaker 5: the north Paul poll? That would be Alaska. North Pole,
19:54
Speaker 5: Alaska was incorporated nineteen fifty three and is part of
19:57
Speaker 5: the Fairbanks metropolitan Area. North Pole has a population of
20:01
Speaker 5: twenty three hundred. There you go. Chris from Pocasse at
20:05
Speaker 5: Mass is our winner today, taking home a Financial eks
20:08
Speaker 5: Shane Show t shirt. Congrats to Chris. We play trivia
20:11
Speaker 5: every day here on the Financial exs Change. See complete
20:15
Speaker 5: contest rules at Financial Ekshane Show dot com.
20:18
Speaker 2: You know what the weirdest thing about Alaska is?
20:22
Speaker 5: The sun thing?
20:23
Speaker 2: No, it's not that. You guys know what the capital
20:25
Speaker 2: of Alaska is, right, Juna Anchorage, Juno Juna. The thing
20:29
Speaker 2: about Juno it's not connected to the rest of the
20:32
Speaker 2: state by any roads. So you got the capital of
20:36
Speaker 2: the state that you can't get to via road. It's
20:40
Speaker 2: not even connected to the contiguous United States by like,
20:43
Speaker 2: to the rest of the United States by any roads.
20:45
Speaker 2: You can't get to Juno, Alaska by driving from anywhere
20:48
Speaker 2: else in the US. HM. Watch me. And here's the thing.
20:54
Speaker 2: Here's the thing about Juno the population of it an idea,
20:57
Speaker 2: how big it is? No clue already two thousand people, Anchorage,
21:03
Speaker 2: Alaska two hundred and eighty six thousand people. I mean,
21:06
Speaker 2: this is full on all benev versus New York City.
21:09
Speaker 2: That at least you can kind of understand, like why
21:12
Speaker 2: it happened like that. This one's probably something similar. It's
21:15
Speaker 2: just we don't live close enough to know. But yeah, Juno,
21:18
Speaker 2: Alaska no roads connecting it to the rest of the state,
21:23
Speaker 2: so uh yeah, you basically have to come in by
21:26
Speaker 2: plane or boat. Thirteen Anonymous media executives make predictions for
21:32
Speaker 2: the new year. What do we learned from this, Paul?
21:34
Speaker 2: What a thing's gonna happen?
21:36
Speaker 3: A lot of consolidation is is pretty much the quickest
21:39
Speaker 3: cut and dryway to say it. Where comcasts will acquire
21:43
Speaker 3: assets from Warner Brothers. Fox will acquire some of Warburg's
21:47
Speaker 3: discovery assets. All the names of this company is it's
21:50
Speaker 3: really hard to keep track of who has what and
21:51
Speaker 3: what that means from a media perspective. So I'm not
21:54
Speaker 3: even going to try and scrutinize, you know, what shows
21:58
Speaker 3: or what products like are part of these. But the
22:01
Speaker 3: long and short is, and this has been roomored around
22:03
Speaker 3: for a while, is that consolidation right in the media industry, consolidation.
22:07
Speaker 3: As linear cable declines, there's gonna be a lot of consolidation,
22:10
Speaker 3: whether that's streaming platforms or some of these media assets.
22:13
Speaker 3: That's definitely a big piece of it. There also were
22:16
Speaker 3: some predictions surrounding Jeff Bezos perhaps being bullited in selling
22:22
Speaker 3: the Washington Post. I don't really see that necessarily being
22:28
Speaker 3: the case.
22:28
Speaker 5: But what's the biggest one that stands out to you guys,
22:31
Speaker 5: because I have mine. Out of the ones that are
22:36
Speaker 5: in here, I correct, out of all these anonymous exact
22:40
Speaker 5: what's the one that like raised your eyebrows the most.
22:42
Speaker 5: EA being bought by a big tech company Bengo, So
22:50
Speaker 5: I'll go this way.
22:51
Speaker 2: I don't think a big tech company is gonna buy
22:53
Speaker 2: e and they list, you know, Netflix alphabet Netflix. Netflix
22:58
Speaker 2: isn't a tech company? Can we stop calling them?
23:01
Speaker 4: Like?
23:01
Speaker 2: What what's the tech? Dude?
23:03
Speaker 5: Video games is tech?
23:05
Speaker 2: Video games might be, but like, Netflix isn't it. Let
23:08
Speaker 2: me ask you this. Granted, none of us were alive
23:11
Speaker 2: in nineteen eighty, so this is kind of a hard
23:13
Speaker 2: question to answer. Did anyone in nineteen eighty consider Cable
23:18
Speaker 2: Vision a tech company?
23:20
Speaker 4: No?
23:21
Speaker 2: No, like they were a cable company.
23:22
Speaker 5: Cable company.
23:23
Speaker 2: Yeah, like you were like, oh look at how technologic. No,
23:27
Speaker 2: they were a cable company. So why cause Netflix streams
23:31
Speaker 2: over the same cable just in a different way. Are
23:34
Speaker 2: We're like, whoa Netflix is a tech company?
23:37
Speaker 5: Man?
23:39
Speaker 2: Is it because they have the word net in their name?
23:42
Speaker 2: Is it because they have a website of.
23:44
Speaker 4: The algorithms they they've But even before.
23:48
Speaker 2: That, like they've been like they've had this moniker as
23:51
Speaker 2: a tech company when they they're not particularly techie, Like
23:54
Speaker 2: they don't make any tech. They just stream stuff back
23:58
Speaker 2: and forth, back and forth. Oh you want WWE? Here's
24:01
Speaker 2: some WWE. You want to watch National Treasure too? Here
24:06
Speaker 2: it is book of secrets. I don't know, but yes,
24:10
Speaker 2: I think Netflix wants to get into video games. You
24:14
Speaker 2: know that, because there already are some video games on
24:17
Speaker 2: Netflix's platform. I think that's interesting to me. The question
24:21
Speaker 2: that I have is I'm not really plugged into the
24:24
Speaker 2: video game world the way that I used to be.
24:26
Speaker 5: Yeah, I don't play them like I did.
24:28
Speaker 2: Honestly, I haven't bought a console since maybe two thousand
24:33
Speaker 2: and eight. I think, yeah, I'm right in that same region.
24:37
Speaker 2: I haven't bought whatever the most, the two xboxes, ago
24:40
Speaker 2: or whatever. I'll tell you the video games that I
24:42
Speaker 2: do play. I still have a working Nintendo sixty four,
24:47
Speaker 2: me too, Super Nintendo, and Original Nintendo. I don't know
24:50
Speaker 2: my original Nintendo. I fired it up the other day
24:53
Speaker 2: to play a little duck Hunt and bubblah bah bah.
24:55
Speaker 5: Oh you got to bring that in.
24:57
Speaker 2: So nineteen eighty three is when this thing was made,
25:01
Speaker 2: maybe nineteen eighty four, so it's somewhere like forty to
25:04
Speaker 2: forty one years old. Plays like it's it's the day
25:07
Speaker 2: it came out of the box. Hadn't even used it
25:10
Speaker 2: in like a year. I was like, okay, let me
25:11
Speaker 2: fire this up, like see if it works, no problem
25:14
Speaker 2: at all?
25:15
Speaker 4: Wow?
25:15
Speaker 2: Still great, Wow, Superintendent, same thing. I can still make
25:19
Speaker 2: Wayne Gretzky's head believe in NHL ninety four.
25:23
Speaker 1: Never had Super Nintendo.
25:24
Speaker 2: Oh it's fantastic, But yeah, I think here's here's what
25:30
Speaker 2: I was saying about the video game industry. The money
25:33
Speaker 2: required to make these games now, like the big Blockbuster ones,
25:37
Speaker 2: is so high. I don't know how you can continue
25:40
Speaker 2: to exist as a standalone and spend that much money
25:44
Speaker 2: because the capitol required it's like shooting a movie these days,
25:51
Speaker 2: Like you're spending half a billion dollars or more to
25:54
Speaker 2: make these games and then your first week sales are
25:57
Speaker 2: like seven hundred million dollars on the block Bockbuster games.
26:01
Speaker 3: So wouldn't that further the case that it would make
26:03
Speaker 3: sense that they're an acquisition target. Not to mention, Activision
26:06
Speaker 3: was kind of the precedent for this being sold to microstoft.
26:09
Speaker 3: I could understand, perhaps scratching my head as to like
26:12
Speaker 3: why Apple would want to grab them, but an acquiscent
26:16
Speaker 3: turn in general, I could kind of get.
26:19
Speaker 2: It's not so much the acquisition. I just don't think.
26:22
Speaker 2: My thing was more like Netflix is not a tech
26:24
Speaker 2: company like there, and I don't know if Netflix has
26:27
Speaker 2: deep enough pockets. Quite honestly, maybe they do, maybe they don't.
26:30
Speaker 2: But I let me see what Netflix is sitting on
26:33
Speaker 2: from like a cash perspective. I kind of look at
26:36
Speaker 2: them and go, I don't know if that makes a
26:39
Speaker 2: ton of sense there, but I could totally see someone
26:42
Speaker 2: trying to buy up EA now. But I also wonder, like,
26:50
Speaker 2: what what are the big game Like? Was there a
26:53
Speaker 2: Call of Duty game this year or anything?
26:54
Speaker 4: Yeah?
26:55
Speaker 5: Black Ops six?
26:56
Speaker 2: I think it was, oh number six. Huh yeah, I'm
27:00
Speaker 2: number one, right exactly.
27:03
Speaker 5: I mean Disney and EA have had that relationship for
27:05
Speaker 5: a while too. If the Star Wars things, that would
27:07
Speaker 5: make sense, right, incorporate that with Disney plus or something.
27:11
Speaker 3: Another prediction here the sports steaming service Venue will never
27:15
Speaker 3: launch and Fox will license its sports content to ESPN
27:18
Speaker 3: streaming service.
27:19
Speaker 4: That one, I'd be really.
27:20
Speaker 3: Surprised if Fox would go to that level of licensing
27:24
Speaker 3: its sport content to ESPN streaming service. I don't really
27:28
Speaker 3: I would say that one to me is a little
27:30
Speaker 3: bit more stunning in terms of a prediction here that
27:35
Speaker 3: I just don't see them doing that to such a
27:37
Speaker 3: big competitor.
27:38
Speaker 2: But folks want to talk to you about the guide
27:40
Speaker 2: this month from the Armstrong Advisory Group. There's only eight
27:43
Speaker 2: days to go until twenty twenty five, and the guide
27:45
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27:51
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27:55
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28:00
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28:03
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28:08
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28:16
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28:20
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28:23
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28:30
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28:38
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28:41
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28:44
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28:47
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28:51
Speaker 3: Paul You buying any eggs lately. I haven't but heard
28:54
Speaker 3: how much are they? Paul costs her up?
28:56
Speaker 2: Paul, what do you think it doesen X costs?
29:00
Speaker 4: See here three sixty five?
29:03
Speaker 2: Shoot. In any case, you got egg prices moving up again.
29:07
Speaker 2: It's not because of anything other than bird flu and
29:11
Speaker 2: the culling of bird herds and flocks whatever you call them,
29:16
Speaker 2: in order to try to stem this bird flu that's
29:21
Speaker 2: going around. So we saw this, I think it was
29:24
Speaker 2: two years ago as well, something similar with a bird
29:27
Speaker 2: flu at the end of twenty twenty two. This is
29:29
Speaker 2: what's going on here. It's probably not going to last
29:33
Speaker 2: very long as far as the rise and egg prices,
29:35
Speaker 2: but it makes things a little bit uncomfortable as you're
29:37
Speaker 2: heading into the new year, just because eggs are one
29:41
Speaker 2: of those low cost staples that hey, when they double
29:44
Speaker 2: what price they do make people do a double take.
29:46
Speaker 2: And it obviously isn't something that you'll love to see
29:50
Speaker 2: egg price is doubling in you know, the last couple months.
29:53
Speaker 4: Here, you guys eggnog fans, No, yeah, I can have
29:57
Speaker 4: one glass of it. That's about it.
29:59
Speaker 2: Not for me.
30:00
Speaker 4: What's like, what's the typical alcoholic drink? What do they
30:03
Speaker 4: mix it?
30:03
Speaker 5: With brandy.
30:04
Speaker 4: Okay, I've never had that? Is it any good?
30:08
Speaker 1: Paul? Come on? Is it good?
30:11
Speaker 5: Of course it's good. Yeah, all right, it's something you.
30:14
Speaker 1: Gotta have every Christmas.
30:15
Speaker 4: Come on, you never have that? No?
30:17
Speaker 2: Oh, it's fine. It's replacement level in my opinion. It's okay.
30:23
Speaker 2: You can get dangerous, but it's so rich, like I
30:27
Speaker 2: can't see you pounding down like a bunch of globes. Well,
30:29
Speaker 2: you have to dilute it in a mixer and with ice,
30:33
Speaker 2: and then it goes down nice.
30:34
Speaker 1: You know.
30:35
Speaker 5: It's not like thick, thick eggnog.
30:38
Speaker 2: Again, it's it's not really in my bag. It's not
30:41
Speaker 2: not something I la.
30:43
Speaker 5: It's a classic.
30:44
Speaker 2: Come on, I come on, it's fine. It's a replacement level.
30:49
Speaker 2: It's okay. Let's take a quick break here. When we
30:51
Speaker 2: come back, we'll find out if I'm replacement level. Right
30:54
Speaker 2: after this.
30:56
Speaker 1: Fine daily interviews and full shows of the Financial Exchange
30:59
Speaker 1: And now are you tube page? Like us on YouTube
31:02
Speaker 1: and get caught up on anything and everything you might
31:05
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31:15
Speaker 2: All the wear the outside is frightful.
31:19
Speaker 1: What the fire is?
31:21
Speaker 2: All right? Paul?
31:22
Speaker 3: What do you got for me for stack roulette, running
31:25
Speaker 3: red lights, speeding, and aggressive driving. Can traffic cameras curb
31:30
Speaker 3: the notorious Massachusetts driver? What I'm talking about here is
31:34
Speaker 3: the idea of using cameras at different traffic areas to
31:39
Speaker 3: issue issue traffic violations, rather than just a police officer
31:43
Speaker 3: sign you for running a red light or taking an
31:46
Speaker 3: illegal turn. Currently, twenty three states use cameras for red
31:50
Speaker 3: light violations and twenty two states allow for them to
31:53
Speaker 3: catch speeders. But under Massachusetts current state law, we cannot
31:57
Speaker 3: use this technology for traffic viol and I have mixed
32:01
Speaker 3: feelings here. I'm sure from a safety perspective, it's probably
32:05
Speaker 3: the way to go, But I let me tell you,
32:09
Speaker 3: you do as a scofflaw every once in a while
32:12
Speaker 3: think that, uh you know, no whistle, no foul kind
32:15
Speaker 3: of thing.
32:16
Speaker 2: Let me tell you this. You can take the driver
32:19
Speaker 2: out of the jungle, but you can't take the jungle
32:23
Speaker 2: out of the driver.
32:25
Speaker 5: Ta cameras.
32:26
Speaker 1: Sho.
32:27
Speaker 2: You know what's gonna happen with these cameras? Nothing? You
32:30
Speaker 2: can't stop the Boston drivers. What are you talking about?
32:33
Speaker 5: Flipping that camera?
32:35
Speaker 2: Yeah, it'll be double freedom rockets from us. Look, here's
32:41
Speaker 2: what's interesting. For all the crap that Massachusetts gets about,
32:45
Speaker 2: like hey, like it has some of the tightest laws
32:47
Speaker 2: on this, that and whatever, twenty three different states use
32:49
Speaker 2: cameras for red light violations. You would think Massachusetts would
32:53
Speaker 2: be one of those first. Nope, And look, I don't
32:59
Speaker 2: know if these work or don't. Certainly like some of
33:03
Speaker 2: the data that's out there suggests, I forget which where
33:06
Speaker 2: was it in here? It was something like it was
33:08
Speaker 2: a thirty seven percent reduction in something, but I don't
33:12
Speaker 2: know what, So that's kind of useless.
33:15
Speaker 4: Let's see.
33:15
Speaker 3: New York City was the first in the country to
33:17
Speaker 3: adopt these enforcement camps for red lights back in ninety four.
33:21
Speaker 3: Violations and intersections with cameras have declined by seventy three
33:23
Speaker 3: percent seventy three.
33:24
Speaker 2: I mixed it up.
33:25
Speaker 3: T Bone crashes have dropped by sixty five percent, and
33:29
Speaker 3: rears rear end crashes have declined as well, by forty
33:34
Speaker 3: nine percent.
33:35
Speaker 2: Can I just while we're on this topic, talk about
33:37
Speaker 2: my favorite accident that I've ever witnessed.
33:41
Speaker 3: Okay, what, No people were severely harmed. No, it brought
33:47
Speaker 3: me great too.
33:47
Speaker 2: No one was hurt, which is why, like, I have
33:50
Speaker 2: great joy from this all ranks. So I'm driving through Newton, Massachusetts,
33:55
Speaker 2: and I'm at a three way intersection. I'm the bottom
33:59
Speaker 2: of the tea with the the cross you know, coming above,
34:02
Speaker 2: and the light's green going the other way. So I'm
34:04
Speaker 2: stopped on the first car there at the intersection, and
34:08
Speaker 2: the lights on the other side go red and mine
34:10
Speaker 2: turns green, and I'm about to go, and all of
34:13
Speaker 2: a sudden, I catch something out of the corner of
34:15
Speaker 2: my right eye and I look at it and I'm like, oh,
34:20
Speaker 2: there's like someone trying to fly the light and run
34:22
Speaker 2: the light. So I give, you know, a classic Massachusetts honk,
34:28
Speaker 2: maybe a second or three too long, but hey, like, dude,
34:32
Speaker 2: you just ran a red light and would have t
34:34
Speaker 2: boned me if I had gone through when I was
34:36
Speaker 2: supposed to. This guy looks at me, starts flicking me off, okay,
34:44
Speaker 2: without realizing that if he continues, there's another red light
34:48
Speaker 2: in front of him, and just rams into the car
34:51
Speaker 2: right in front of him. Not too fast. He was
34:54
Speaker 2: going like maybe fifteen miles an hour by the time
34:56
Speaker 2: he finally did it, so no one was hurt. Like,
34:58
Speaker 2: I don't even know if the airbag the ploys, but
35:01
Speaker 2: I was supposed to be turning that way. I just
35:04
Speaker 2: turned to the right and go the I'm like, okay, sorry, buddy,
35:06
Speaker 2: Like you deal with that. I'm gonna go this way
35:09
Speaker 2: and just left and way because I'm like, guy, like,
35:12
Speaker 2: what what are you doing here?
35:14
Speaker 4: Oh that's tremendous. That's the ultimate victory karma.
35:17
Speaker 3: Yeah, because karma is never has it been paid off
35:19
Speaker 3: so quickly right in front of your face. I mean,
35:22
Speaker 3: we've all been in the situations where you're like, the
35:25
Speaker 3: person just did that. I don't wish them harm, but
35:27
Speaker 3: I wish them a slight annoyance, which is exactly.
35:31
Speaker 2: What that guy got, right, Because it's just so circling
35:35
Speaker 2: back on all this stuff, Oh, here we go. Nationwide
35:38
Speaker 2: studies have shown speed cameras can reduce roadway deaths and
35:40
Speaker 2: injuries by twenty to thirty seven percent. So I'm trying
35:44
Speaker 2: to think of how we actually become better drivers, and
35:49
Speaker 2: for me, the single biggest thing we got to stop texting.
35:53
Speaker 3: Oh sure, that's for a while, but we need to
35:57
Speaker 3: figure out a better way to do it.
35:58
Speaker 2: Because right now you're driving home, whether it's on the
36:02
Speaker 2: highway or anywhere else, you look around and it's like
36:05
Speaker 2: you're doing something, you're doing something, you're watching like Shawshank Redemption,
36:10
Speaker 2: Like what's going on here? It's just not good. And
36:19
Speaker 2: the places that I see the most accidents now are
36:22
Speaker 2: in straightaways on the highway with no merging or anything,
36:25
Speaker 2: and it's just because someone thinks they can be doing
36:27
Speaker 2: sixty five and they don't realize the traffic stopped ahead
36:29
Speaker 2: of them and they're just rear ending someone on a
36:31
Speaker 2: straight stretch of highway.
36:33
Speaker 5: I saw someone probably like just over a month ago
36:36
Speaker 5: on the highway where like everybody's coming to a complete
36:38
Speaker 5: standstill in terms of like, oh, here's another wave of traffic. Great,
36:42
Speaker 5: but this one guy just continues to roll ten miles
36:45
Speaker 5: an hour, crunch into the back of a car, like
36:48
Speaker 5: what are you doing?
36:49
Speaker 4: Like what are you watching?
36:50
Speaker 5: I don't get it right.
36:52
Speaker 2: It can wait till you get home. So I think
36:56
Speaker 2: we still need to do something there. I am still
36:58
Speaker 2: a big proponent of if you really want to get
37:01
Speaker 2: rid of texting and driving, yeah, yeah, we know the
37:04
Speaker 2: penalty for doing so. The officer takes your phone, runs
37:07
Speaker 2: it over with their cruiser, and you will never text
37:10
Speaker 2: and drive again.
37:12
Speaker 4: Wow, that's a severe punishment.
37:14
Speaker 2: It's not that severe.
37:15
Speaker 5: They'll just go get a new phone and do the
37:17
Speaker 5: same thing, though probably not No.
37:19
Speaker 4: Probably hopefully all your stuff is back up to the iCloud. Uh.
37:23
Speaker 2: Phones aren't cheap, Tucker. It's more expensive than any fine
37:26
Speaker 2: you'll pay. And you got the inconvenience of you can't
37:29
Speaker 2: just swap the SIM card out. Yeah, it's a whole
37:32
Speaker 2: process at that point, but uh, that's just me.
37:37
Speaker 1: Uh.
37:37
Speaker 2: Yeah, we're done for the day. Merry Christmas, Merry Christmas Christmas.
37:41
Speaker 2: I didn't know if we were doing a show tomorrow
37:43
Speaker 2: or not, but in any case, tune in to find out. Yeah,
37:46
Speaker 2: I hope everyone does have a great Christmas. Great honeck
37:48
Speaker 2: if you celebrate, and uh, we'll be seeing you over
37:51
Speaker 2: the next week or so. Enjoy