In today's LIVE show, Trish Regan reports ANOTHER Wall Street analyst is predicting tough times for Anheuser-Busch. Earnings are expected to plunge 26% amid the Dylan Mulvaney scandal. The company is now facing an investigation by Senators Ted Cruz and Marsha Blackburn. Plus, as debt talks grow more heated, the CEO of one of our sponsor companies, Legacy Precious Metals, stops by to talk gold, debt ceiling, and maybe even a little Bud Light. SUBSCRIBE TO TRISH'S NEWSLETTER AT HTTPS://TRISHREGANSHOW.COM WATCH THE TRISH REGAN SHOW HERE: HTTPS://YOUTUBE.COM/TRISHREGANCHANNEL Portions of today's show are brought to you by: https://LegacyPMInvestments.com To invest in gold or silver, visit their website - or speak with someone directly at 1-866-589-0560Support the show: https://trishregan.store/See omnystudio.com/listener for privacy information.
In this episode, Joe is joined by Certified Personal Trainer, Daniel Raz. Daniel shares his own fitness journey and what led him to a career in exercise and nutrition. In 2020, he pivoted his business to an online model, working through the challenges of working with clients on a new platform. Joe and Daniel discuss the importance of understanding who your target client is and focusing your efforts on connecting with them. Daniel gives insight into how he uses social media to connect with customers and his advice for entrepreneurs. Learn more about Daniel here. About Our Guest Daniel Raz went to the University of British Columbia in Canada to study exercise and nutrition. While Daniel began his career with in-person training, his main focus now is online, where he can help more people get better results than he could in-person.. Join the conversation on Facebook! Check out Veteran on the Move on Facebook to connect with our guests and other listeners. A place where you can network with other like-minded veterans who are transitioning to entrepreneurship and get updates on people, programs and resources to help you in YOUR transition to entrepreneurship. About Our Sponsors Navy Federal Credit Union Navy Federal Credit Union wants to thank the men and women in the U.S. Military for their important commitment to our country. For more than ninety years, Navy Federal Credit Union has made it their mission to help people in the military community. Navy Federal Credit Union is open to all branches of the military, veterans, and their families. Navy Federal's employees are veterans and military spouses, which makes them a part of the community they serve. They get you. They understand their members better than anyone. Members could enjoy: Earnings and savings of three hundred and forty-nine dollars per year. A regular savings rate four times higher than the industry average. An average credit card APR that's ﬁve percent lower than the industry average. Award-winning 24/7 stateside member service. Over three hundred and ﬁfty branches worldwide. And A 0.25% discounted rate on VA loans. Show your own support for our troops with #MissionMilitaryThanks. Learn more about how Navy Federal is celebrating the commitment that connects them to their members at NavyFederal.com/celebrate. At Navy Federal, our members are the mission. Want to be our next guest? Send us an email at firstname.lastname@example.org. Did you love this episode? Leave us a 5-star rating and review! Download Joe Crane's Top 7 Paths to Freedom or get it on your mobile device. Text VETERAN to 38470. Veteran On the Move podcast has published over 480 episodes. Our listeners have the opportunity to hear in-depth interviews conducted by host Joe Crane. The podcast features people, programs, and resources to assist veterans in their transition to entrepreneurship. As a result, Veteran On the Move has over 7,000,000 verified downloads through Stitcher Radio, SoundCloud, iTunes and RSS Feed Syndication making it one of the most popular Military Entrepreneur Shows on the Internet Today.
While President Biden is in Japan for the G7 conference, the White House says Democratic negotiators are making progress in their debt ceiling talks. Raymond James' Ed Mills explains the latest. Plus, Deere reports earnings this morning, offering insight into the state of the economy. D.A. Davidson's Michael Shlisky discusses his expectations. And, new research suggests more traders are favoring bonds over stocks as the US3M hits new highs this week. Apex Financial's Lee Baker, Main Street Asset Management's Erin Gibbs, and Pivotal Invests' Tiffany McGhee break down their investment strategies.
Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.This week Mary Ann, Becca, and Alex gathered to chew through the biggest news of the week. Here's what the gang got into today:Vice goes bankrupt: Now is not a great time for media companies. The advertising market is in the toilet, layoffs are rampant, and the end of Vice is like a cherry atop a trash sundae. Mary Ann points out during the show that some operational difficulties were at play at the company. Here's a real unicorn death for us to stare at.Deal Dive: AI. AI coaching. AI human relationship coaching? It's a thing, and whether or not it is the future, we have questions.Freshly-Nestle: How often do you see a venture firm sue an acquirer? Not very often. We dig into the what and why of the Freshly suit.Why is Musk buying other companies? What do you do if you buy a company and fire most of its staff? You buy a tech jobs platform, it turns out.NewLimit and the limits of life: NewLimit is a company that Alex likes. Why? Because he doesn't want to die before he can go to space. Mary Ann and Becca noted that the company's setup is more than non-traditional. For NewLimit, the proof will be in the pudding.What's ahead for venture debt? Becca's work on the venture debt landscape has been critical reading since the SVB crisis unfolded earlier this year. Her latest venture survey helped us understand where founders will be hunting up capital in the back half of 2023 and beyond.
Also: Tesla shares rose 4.4-percent. Earnings exceeded Wall Street estimates, but Target said quarterly sales suffered. Western Alliance rose 10.2% after saying deposits have grown by more than $2 billion so far this quarter. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices
Major averages closed higher today. It was the best day for the indices since May 5. Wells Fargo's Chris Harvey breaks down what's behind the surge. ServiceNow and NHL announce a partnership; CEO Bill McDermott and Commissioner Gary Bettman join to discuss. McDermott talks the company's Knowledge conference and its plans for AI in enterprise. NVIDIA CEO Jensen Huang sat down with our Jon Fortt in an exclusive interview talking the promise and peril of AI and scaling software. As questions swirl the regional banks, Todd Harper, Chairman of the National Credit Union Administration, discusses how to strengthen belief in the system. Smith Point Capital CEO Keith Block on spending levels in enterprise software and what it means for global demand. Earnings from Take-Two Interactive and Cisco.
Elon Musk says Tesla will deliver its first Cybertrucks this year following the company's annual shareholder meeting yesterday. Roth Capital's Craig Irwin explains the road ahead for Tesla. Plus, Target will report earnings this morning after Home Depot posted its worst revenue miss in nearly 20 years. D.A. Davidson's Michael Baker discusses his expectations. And, a string of key housing data will be released in the coming days. Nest Seekers' Erin Sykes breaks down the sector.
Home Depot kicks off a busy week for retail earnings. BofA Securities' Liz Suzuki breaks down her expectations for the report. Plus, President Biden meets face-to-face with House Speaker Kevin McCarthy today in order to craft a spending deal that would avoid a U.S. debt default. BTIG's Isaac Boltansky discusses the latest. And, several company executives will testify before Congress today on the regulation of artificial intelligence. CDO Today's Salema Rice weighs in on the outlook.
In this episode, Joe is joined by Stan Popovich, the author of A Layman's Guide to Managing Fear. Struggling with fear and anxiety himself, Stan has taken the lessons learned from his personal experiences to help others through his book and website, http://www.managingfear.com. Stan and Joe discuss the impact fear can have on one's business and why entrepreneurs need to be proactive when facing anxiety and depression. Stan shares techniques that worked for him and the importance of making a plan and asking for help. About Our Guest Stan Popovich is the author of the popular managing fear book, A Layman's Guide to Managing Fear. For more information about Stan's book and to get some free mental health advice, please visit Stan's website at http://www.managingfear.com . Join the conversation on Facebook! Check out Veteran on the Move on Facebook to connect with our guests and other listeners. A place where you can network with other like-minded veterans who are transitioning to entrepreneurship and get updates on people, programs and resources to help you in YOUR transition to entrepreneurship. About Our Sponsors Navy Federal Credit Union Navy Federal Credit Union wants to thank the men and women in the U.S. Military for their important commitment to our country. For more than ninety years, Navy Federal Credit Union has made it their mission to help people in the military community. Navy Federal Credit Union is open to all branches of the military, veterans, and their families. Navy Federal's employees are veterans and military spouses, which makes them a part of the community they serve. They get you. They understand their members better than anyone. Members could enjoy: Earnings and savings of three hundred and forty-nine dollars per year. A regular savings rate four times higher than the industry average. An average credit card APR that's ﬁve percent lower than the industry average. Award-winning 24/7 stateside member service. Over three hundred and ﬁfty branches worldwide. And A 0.25% discounted rate on VA loans. Show your own support for our troops with #MissionMilitaryThanks. Learn more about how Navy Federal is celebrating the commitment that connects them to their members at NavyFederal.com/celebrate. At Navy Federal, our members are the mission. Want to be our next guest? Send us an email at email@example.com. Did you love this episode? Leave us a 5-star rating and review! Download Joe Crane's Top 7 Paths to Freedom or get it on your mobile device. Text VETERAN to 38470. Veteran On the Move podcast has published over 480 episodes. Our listeners have the opportunity to hear in-depth interviews conducted by host Joe Crane. The podcast features people, programs, and resources to assist veterans in their transition to entrepreneurship. As a result, Veteran On the Move has over 7,000,000 verified downloads through Stitcher Radio, SoundCloud, iTunes and RSS Feed Syndication making it one of the most popular Military Entrepreneur Shows on the Internet Today.
This week Mary Ann, Natasha and Alex celebrated one final episode as a three, and here's what we got into:Deals of the Week: Alex wanted to talk about the slowing of growth amongst tech companies, Natasha had notes on a brace of new Mayfield funds, while Mary Ann brought Wellthy to the table.Next we discussed pessimism in fintech, if it is near its peak, and how companies like Petal are still forging ahead regardless of market chop.From there we dug into AI, how it will impact certain creative work, and what it could mean for tech workers who traditionally have not organized.And we closed with a very Natasha topic: Accelerators.Natasha led us out of the show with a final Equity sign-off as she announced her time with the podcast, and TechCrunch, is coming to a close. We are going to miss her awfully, but are also her biggest fans and cheering her on!Equity will be back before you know it, but in the meantime, you can catch us on Twitter @EquityPod. And for the early-stage founders out there, don't forget to apply for the Startup Battlefield 200 cohort at TechCrunch Disrupt 2023!For episode transcripts and more, head to Equity's Simplecast website. Equity drops at 7:00 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more!
On the Glossy Week in Review podcast, senior fashion reporter Danny Parisi and editor-in-chief Jill Manoff break down some of the biggest fashion news of the week. On this week's episode, we discuss Chanel's resort show and the Barbiecore trend; Victoria's Secret's newly announced and revamped fashion show; and Allbirds' and Warby Parker's earnings, which illustrate the trajectories of major DTC brands.
Stocks ended the week in the red, but will next week's retail earnings reports give markets a consumer-led boost? Or will continued concerns over the banking crisis and debt ceiling weigh on investors. And speaking of banks, regional stocks fell another 5% this week. But a couple of traders think it might be time to start dipping your toes into the names. Fast Money Disclaimer
Curious how Google's upcoming AI search engine may affect site owners? Today's episode of Niche Pursuits News has you covered with an in-depth and wide-ranging discussion between hosts Spencer, Jared, and guest-host and MarketMuse founder Jeff Coyle about Google's recent unveiling of Magi. The guys consider how this new generative AI search feature will account for: Intent Links Biases Learning curve Authenticity And more... And, of course, they brainstorm how these changes may impact site owners and the display ad networks that so many rely on for income. The discussion then goes to the increasing importance of brand and community building through various channels, such as email and social media marketing. And the benefits these technological evolutions bring for those willing to persevere. And as a special bonus, listeners can sign up for MarketMuse using promo code 'niche20mm' for a 20% discount! Spencer also shares an exciting update about his faceless YouTube channel and how it's now consistently earning over $100 per day - far exceeding his expected earnings of $80 in the entire month of May. And Jared discusses how he recently launched a free tool during his latest interview on the Niche Pursuits podcast, which has had some excellent results. The discussion then gets into weird niche sites where Spencer shares a super niche site called Western Mining History with a DR 59 and monetized with both Mediavine ads and a membership option. Jared then shares his niche site find PenVibe.com, which focuses on pens and related products. The site has a basic design and appears to have quite an interesting history, but it started picking up traffic in 2018, with a surge in March and April 2023. Overall it's a fascinating discussion with lots of nuggets of wisdom forecasting the future of blogging and search in the age of AI. So make sure to listen to the full episode to learn more! Be sure to get more content like this in the Niche Pursuits Newsletter Right Here: https://www.nichepursuits.com/newsletter Want a Faster and Easier Way to Build Internal Links? Get $15 off Link Whisper with Discount Code "Podcast" on the Checkout Screen: https://www.nichepursuits.com/linkwhisper
With concerns over the debt ceiling, credit tightening, and bank deposit runs, problems in commercial real estate may be the least of investors' worries. In this week's episode of The TreppWire Podcast, we examine regional bank concerns and some promising fresh inflation data. In CRE, we talk good news for suburban retail, retail extensions, and more sublease stories. We also break down quoted versus effective rent. Tune in now. Episode Notes: • Economic news (0:23) • Earnings (9:43) • Good news for suburban retail? (13:35) • Retail extensions (18:00) • Trading Alerts (21:23) • Negative office news: subleases (26:01) • Quoted vs. effective rent (32:51) • Office green shoot and crabgrass story (38:49) • Multifamily story (41:06) • Shoutouts (43:55) Questions or comments? Contact us at firstname.lastname@example.org. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC
On the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week's episode, we discuss the Tesla Model 3 refresh, Cybertruck, EV startup earnings, and more. The show is live every Friday at 4 p.m. ET on Electrek's YouTube channel – except for this week, we are doing it on a Thursday due to a scheduling conflict. As a reminder, we'll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in. After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps: Apple Podcasts Spotify Overcast Pocket Casts Castro RSS We now have a Patreon if you want to help us to avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming. Here are a few of the articles that we will discuss during the podcast: New Tesla Model 3 refresh leaked photo reveals steering wheel Tesla breaks ground at new Lithium Refinery, aims to support 1 million electric cars Tesla teases new Cybertruck accessory: a tool rack Tesla releases a new Full Self-Driving Beta update with performance improvements Tesla achieves its goal of 5,000 Model Ys a week at Giga Texas Tesla relaunches referral program for cars, raffles a Cybertruck Tesla announces it won't produce Model S and Model X in right-hand-drive Tesla's giant 1 million car recall is literally a feature update Honda unveils the e:Ny1 electric SUV, the first EV based on its new dedicated platform Rivian (RIVN) surprises in Q1 earnings with smaller losses and reaffirmed production guidance Lucid Motors (LCID) Q1 2023 results: Production and deliveries drop, but liquidity remains high Fisker (FSR) Q1 2023 report: 55 Ocean SUVs built, two delivered, guidance drops, PEAR delayed Electrek is proud to sponsor Formula Sun Grand Prix 2023, join us! Here's the live stream for today's episode starting at 4 p.m. ET (or the video after 5 p.m. ET): https://www.youtube.com/watch?v=8y4ALtdiKy4
Earnings season for New Space is kicking into high gear, some analysts are seeing a tale of two companies. Morgan chats with Ron Epstein, Bank of America analyst, to break down results from Virgin Galactic and Rocket Lab – and why he sees a $1 trillion dollar opportunity in space.
Dan Nathan, Guy Adami and Liz Young break down the top market headlines and bring you stock market trade ideas for Thursday, May 11th 0:00 - Intro 5:30 - EY on CPI 11:15 - Yields & Rates 18:00 - Metals & Mining (Gold/Copper) 22:00 - Energy (Crude Oil, OIH & XLE) 26:30 - No Fear Of Debt Default? 32:00 - Google & Disney 35:30 - Earnings Insight MRKT Call is brought to you by our presenting sponsors CME Group, FactSet & SoFi Watch MRKT Call LIVE at 1pm M-TH on YouTube Sign up for our emails Follow us on Twitter @MRKTCall Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow @CarterBWorth on Twitter Follow us on Instagram @RiskReversalMedia Like us on Facebook @RiskReversal Watch all of our videos on YouTube
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The Google IO Conference kicks off at the top of the hour, we're live in Mountain View CA for the headlines. Evercore ISI putting out a tactical bull and a tactical bear call ahead of earnings. We dig into both names with analyst Greg Melich. Plus, Kindbody is #43 on the Disruptor 50 list this year. The company's founder joins Kelly to discuss the big business of babies.
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The VectorVest Stock Market Podcast
https://youtu.be/EyKrbodqSNMTry VectorVest for only $0.99 ➥➥➥ https://www.vectorvest.com/YTVectorVest Merch Store ➥➥➥ https://vectorvest.com/MerchandiseNumerous companies are set to report earnings this week, making it a crucial time for investors. Amidst the diverse opinions and speculations surrounding these companies, this video aims to focus solely on their fundamentals. While some companies are expected to perform well, others may not be a wise investment choice. The question is, which ones?Discover the Top Earnings Stocks You NEED to Watch!
The April CPI report will be released this morning, with economists expecting little or no change in the year-over-year headline number. Van Lanschot Kempen's Anneka Treon, Ritholtz Wealth Management's Josh Brown, and Citi Global Wealth Management's Steven Wieting explain the impact on the markets. Plus, top Congressional leaders are showing few signs that they have moved any closer to resolving the debt limit deadlock. Fordham Global Foresight's Tina Fordham discusses the latest. And, Disney reports earnings today as investors look for updates on the company's multi-billion dollar restructuring plan. Citigroup's Jason Bazinet gives his quarterly estimates.
Unity Stock investors are excited after the company beat its guidance for revenue. Is Unity Stock a potential AI winner? Only time can tell, but Unity Stock has numerous growth opportunities right now.A portion of this video is sponsored by The Motley Fool. Visit https://fool.com/jose to get access to my special offer. The Motley Fool Stock Advisor returns are 395% as of 4/27/2023 and measured against the S&P 500 returns of 118% as of 4/27/2023. Past performance is not an indicator of future results. All investing involves a risk of loss. Individual investment results may vary, not all Motley Fool Stock Advisor picks have performed as well.I have a position in $USemiconductor Podcasthttps://www.fool.com/josenajarroDISCORD GROUP!! https://discord.gg/wbp2Z9STwitter: https://twitter.com/_JoseNajarroDISCLAIMER: I am not a financial advisor. All content provided on this channel, and my other social media channels/videos/podcasts/posts, is for entertainment purposes only and reflects my personal opinions. Please do your own research and talk with a financial advisor before making any investing decisions.
Announcing a new Closest to the Pin this week. Yellen starting to freak out. Market not ready for an inflation data surprise. Sentiment slipping.... PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - ANNOUNCING - NEW CTP for PacWest - Some prices from F1 food stops - is this right? - Gamma squeeze Friday? - Small biz sentiment - taking a leg down - Derby Day - bourbon and ham sandwiches Market Update - Oil gets a reprieve - dropped as low at $63 - Credit/loans tightening and we are just starting - Lending conditions tighten overall - Earnings - 79% companies beating estimates (good color with Silverblatt this week) DONATIONS? Debt Ceiling Fight - Odds? - Bug dilemma - Republicans pushing for spending cuts Inflation - NY Fed- estimates 3-year rise to 2.9% from 2.8% - NY Fed 1-yr inflation expectations measure drops to 4.4% from 4.7% last month Employment Report - Higher than expected gains in employment - BUT - Last month revised much lower - so not much difference - Unemployment Rate drops to 3.4% - April Nonfarm Private Payrolls 230K vs. 160K Briefing.com consensus; prior revised to 123K from 189K - April Average Workweek 34.4 vs. 34.5 Briefing.com consensus; prior 34.4 - April Average Workweek 34.4 vs. 34.5 Briefing.com consensus; prior 34.4 - BIG ONE FOR INFLATION OUTLOOK - April Avg. Hourly Earnings 0.5% vs. 0.3% Briefing.com consensus; prior 0.3% Employment Situation Trend - Slowing economy - employment holding up well - How does that square? Employment Chart Harbinger - Bank Credit is tightening (not much yet, but noticeable 1.5% drop) - 1.9% decline in bank credit in 1975. - 2.2% drop in bank credit in 2002. - 6.9% dip in bank credit between 2008 and 2010. Credit Conditions Monday - Senior Loan Officer Report - Banks reported that lending standards tightened across all categories of residential real estate (RRE) loans other than government-sponsored enterprise (GSE)-eligible and government residential mortgages, which remained basically unchanged. Meanwhile, demand weakened for all RRE loan categories. In addition, banks reported tighter standards and weaker demand for home equity lines of credit (HELOCs). Standards tightened for all consumer loan categories; demand weakened for auto and other consumer loans, while it remained basically unchanged for credit cards. - Market may see this (perversely) as good news as Fed could think this is bad and not raise... (The Upside Down) Oil Prices - Headlines - Thursday: Oil Prices Fall Due to Recession Fears - Friday: Oil Steadies - Traders Look To Future - Monday: Oil Higher: Recession Fears Abate - -3 days and story changes? --- Oil prices rose on Monday as fears of a recession in the U.S., which drove prices down for three straight weeks for the first time since November, started receding. Brent crude futures were up 43 cents, or 0.6%, at $75.73 a barrel at 0624 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 45 cents, also 0.6%, at $71.79 a barrel. COVID EMERGENCY - OVER - COVID-19 is no longer a global health emergency, World Health Organization director-general Tedros Adhanom Ghebreyesus declared Friday. - COUNTS according to WHO - 765 million cases and 7 million deaths - Meanwhile - Rochelle Walensky will step down as director of the US Centers for Disease Control and Prevention at the end of June, an unexpected departure after more than two years leading the agency through an oft-criticized response to the biggest public health crisis in a century. Icahn - Short Seller Report - Hindenburg cost Carl > $10 Billion - IEP Stock on the ropes due to questionable marks and leverage
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The Jason & Scot Show - E-Commerce And Retail News
EP305 - Amazon and Shopify Q1 2023 earnings Amazon and Shopify both reported their Q1 2023 earnings last week. Amazon had a strong first quarter, slightly over-shadowed by it's slowing AWS growth. Shopify also had strong Q1 2023 earnings although it did not achieve profitability. Shopify also announced a second reduction of headcount and announced that they were selling all of the recently acquired logistic assets. Don't forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes. Episode 305 of the Jason & Scot show was recorded on Thursday, May 4th 2023. http://jasonandscot.com Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing. Transcript Jason: [0:23] Welcome to the Jason and Scot show, this is episode 305 being recorded on Thursday May 4th May the 4th be with you I'm your host Jason retailgeek Goldberg and as usual I'm here with your co-host Scot Wingo. Scot: [0:39] Hey Jason and welcome back Jason Scott showed listeners Happy Star Wars Day May the 4th be with you hope everyone had a great Star Wars Day Jason people can't see you but you are wearing your Jar Jar Binks cosplay. Jason: [0:53] I kind of assumed people just assume I'm always wearing that. Scot: [0:57] You should do the whole episode and jar jar speak well said Jason what's a new at the Amazon what. Jason: [1:10] I feel like people don't get the jar jar one I did I did do an act during covid-19 doing all this pitch theater online I did a pitch on Halloween in a Darth Vader mask. And we won the pitch so I feel like I should be doing costumes more. Scot: [1:28] Awesome you guys intimidate them and it's called the Darth Vader intimidation closed when you wear the Vader the Vader suit. Jason: [1:34] Exactly exactly and it had the voice changing thing and so it is. Scot: [1:38] Honest I find your lack of faith yeah there's a lot of death lot of lot of puts you can use in a pitch. Jason: [1:48] Yes unfortunately not a large enough chunk of the total addressable Market are Geeks. If you like is wrong I know how I got in this like funky like creative advertising world with all these I kept custody clients like I totally don't fit in. Scot: [2:09] Yeah been a misfit toy my whole life so sir not going to stop anytime soon embrace it Jason. Jason: [2:15] Yeah it was announced today that we won a big new client lvmh and so I like went on LinkedIn and joke that like it was largely thanks to my my stature is a luxury influencer. Scot: [2:29] Nice congrats your tick-tocks on luxury have one the death. Jason: [2:32] I know I know for a long time people were like why are you wasting your time with that and now they know. Scot: [2:38] Who will we have it's been a while since we dropped a pod because we both had spring breaks and then you've been traveling a bit so it's great to be back. Jason: [2:49] Yeah it's super fun to catch up with you and with the audience. I feel like the last show we did was right after shoptalk so I did get to see a bunch of folks and now you know it's a treat your season is starting to heat up so I have a bunch of upcoming trips so. If listeners are going to any of these shows make sure you make a point to catch up with me and you could see the jar jar costume. In person so I'm actually doing this show from. The famous Mayflower Hotel in Washington d.c. because I'm in town for the. Home and Commercial products Association I'm doing the keynote for their annual conference tomorrow morning. And then I'm going to sap Sapphire which is their big customer show in Orlando in on May 15th if you like. There's a fair amount of our listeners that go to that show and then to fun ones that are you know core Commerce shows after that we have Commerce next by our friends Scott Silverman is in New York in June so June 20th. And I'll be doing some fun stuff stuff on stage there and then in RFC you know has their kind of future looking executive digital Summit. [4:07] On the beach it Tara no in Rancho Palos Verdes it's called the inner F Nexus on July 10 and all both be giving a keynote and I will also be interviewing Kara Swisher so I feel like. I'm going to spend an hour just making fun of Scott Galloway with her. Scot: [4:25] Nice yeah that's good the dog dog is off the porch whoo. Jason: [4:30] Exactly I was thinking about like maybe bring a mask I've already you know I have audio collection of a lot of my favorite Scott Galloway predictions meaning which didn't come true. Scot: [4:43] Macy's Woodberry Amazon and apparel. Jason: [4:47] But I feel like this is. Scot: [4:48] Amazon to be Roadkill. Jason: [4:50] Like Freaky Friday like so like Cara is this like super famous interviewer and I am interviewing her and we're doing it at Tara know where she started code conference so it's very topsy-turvy. Scot: [5:03] Yeah yeah just bring red tears without her trademark thing. Jason: [5:07] I assume she just travels with one of her own yeah that Herman Miller red chair yeah. Scot: [5:09] BYO RC okay. Jason: [5:15] I actually think she's not with Vox anymore so I don't know you know she may be in withdrawn not she may have said said goodbye to the red chairs will have to ask her. Scot: [5:24] Look that's that's question number one. Jason: [5:26] Yeah but besides all of that we are just getting started on q1 earnings season and you know of course for most of our listeners one of the most important earnings calls happened last week. Scot: [5:39] Yeah it wouldn't be a Jason and Scot show if we didn't have some Amazon news. So on April 27th which was last Thursday when we're recording this Amazon had their earnings it was what Wall Street would call a clear beat meaning both top and the bottom line where a beat this is welcome news because Amazon's earnings have been kind of like not not mrs. but not amazing. [6:07] So revenues came in two percent above consensus which is a slight beat but what got Wall Street very excited was operating income came in 57 percent above and longtime listeners will know I usually cover the retail portion of Amazon and Jason covers the cloud or a WS part, we're going to mix it up because I read all the reports and what was most interesting right now in kind of the world of Internet stocks the whole world has been turned upside down by chat GPT which is put out by open AI Sam Altman startup who is partially owned and supported by Microsoft there and investor and the hole, infrastructure runs on Azure their cloud computing, platform this has been a huge win for Microsoft because it's enabled them to add a chat gbt like component to Bing. [7:02] And you know the buzz is that, search is dead a lot of people are even speculating maybe even apps will be dead you know maybe maybe you don't really need apps on a phone if you could just talk to your phone and say hey book me restaurant reservation as 6:30 at the one of these three restaurants why do you need a nap if an AI can go to that room so there's there's a lot of people in the Wall Street and Tech world are, I would say there's like this wall of worry around this new innovation and this is real so chat GPT was the fastest product to 100 million users what was it Jason like four weeks or something. [7:42] Like an egg yeah if you see a chart it's like this a vertical wall whereas like Facebook and some of those kinds of things were previous record holders for this and it took, you know years and so-so. Jason: [7:54] Two months to a billion or 4 months to a billion users. Scot: [7:58] Yeah so it's just this crazy adoption curve unlike anything we've ever seen before so you know there's, this was top of mind when this came out so the so while streets pretty obsessed with what's going on with the cloud also Amazon's Cloud division has been slowing their growth it was the you know the darling of the Amazon portfolio and now it's been slowing because as we head into this recessionary period, also another concern is we cover this a little bit last time but Silicon Valley Bank failed we've had all this kind of startup craziness and a lot of those startups use cloud computing and Amazon so, so that was what all eyes were on and you know what we saw was the growth did slow to 11 and a half percent which was less bad than what people were thinking so is kind of viewed as positive which is always one of these counter, Wall Street all about expectations not like the real absolute numbers but 11.5 percent growth is this is this part we've been covering this for for. [9:04] Years of this point five years and it's always growing north of 50% but this time it really slowed down and they're even projecting for next quarter or slow 2011 Amazon did Jesse did talk a lot about AI there they've talked about how they're going to do a lot of people the other problem with Chad gbt is it looks the prior to the prior a I think we all spend a lot of time with which was Alexa now feels wildly inferior because you're having these really robust conversations with chat gvt and Alexis can do like, yeah it's not really like at that level of conversational AI you can get some weather maybe play a song and a couple other little things add something it'll talk to you about do you want to reorder your dog food and yeah that's about it right so very, Barry and then you know that used to be cool and now in a world where we're chatty be teeing it feels inferior so Amazon like Google is a little bit on their heels from this and they basically came out and said we're going to do a lot around Alexa here and it will we're dedicated that being by far the best voice assistant, and we'll be adding chats ubt like capabilities but then for AWS they basically said look there's all these language models out there and we're going to be neutral will have all kinds of different flavors kind of thing so whatever you want we'll have. [10:30] And the one of the concerns is these large language models use a ton of gpus and those are expensive. Azure is adding a ton of workloads from this and their conference call they went so far as to say. It's like accelerated growth dramatically at Azure they're getting all these loads that they would have never seen before thanks to their relationship and, they're scaling up this gpus and so it kind of feels early and Aang's like maybe Microsoft has got like this. Bit of an advantage over both Google and they WS so, so you know it was interesting because I'm saying all that because what happened is they announced their up a little bit that day and then they announced and they were down and they've been kind of sideways since then so and what was clear be quarter with AWS not as bad as you would think it would be you had the numbers would say oh the stock should go up 5 to 10% but they didn't because I don't think everyone really liked, body language around you know what's going on chat gbt and Amazon's response. [11:40] So that was a that was a long part but that was I thought it was kind of interesting. The whole world and like the last yeah six months has been turned upside down by this and it's always an option or that always gets my attention because this is where unique opportunities are created for disruption and all kinds of what happens is when my favorite books is the innovators dilemma when something new like this comes along, people that were previously the leaders have a really hard time adapting to it because they get baked into their business model so for example to pick on Google it's very hard for them to offer a chat interface on the core Google search because, every pixel of core Google search is like so highly optimized and them hitting their numbers relies on that that real estate. [12:28] Basically not changing that to change that real estate and experiment with something that is expensive and not monetized is. Almost impossible you know it's it will certainly make them lose mountains of Revenue and even worse on ibadah, so it's really kind of fascinating to Think Through the strategy here of what's everyone going to do and how do they adapt to this new world and to some extent Amazon not as bad as Google I would argue but that Amazon is a little bit of a in a pickle. Um it got even so bad also around the same time Jeff Bezos was at Coachella and he was just out there dancing and wearing this kind of fun butterfly shirt and everyone's kind of like you know it almost felt like fiddling while Rome burned so a lot of people are like and then you know so Disney's CEO has come back and a lot of people are projecting that maybe we'll see a day where like a Larry Page comes back to Google and a Bezos comes back to Amazon to it's going to be interesting to see what happens this next next three to six months are gonna be really fun to watch in the world of large trillion-dollar internet companies to see what's going down. Jason: [13:39] Oh for sure and I keep saying this but we're going to have to do another. Deep dive on AI and chechi because there are so many it's changing so, fast and there's this whole like shift from keywords to prompts and you know like all of you know Google's intrinsic strengths are suddenly becoming weaknesses there's this interesting battle, um between like these AI capabilities as destinations versus these AI capabilities as. Sort of infrastructure that that you add to any destination right and so you know the interesting thing about Chad gbt you can license the. The GPT for engine and build it in your own apps or your own website but 1.2 billion consumers a month, are going to chat. Open a i.com so that's now a destination on the web that's bigger than Bing. [14:40] Like move more people last month went to their website opening eyes website then went to Bing and that's a, Game Changer I get it's feels like a huge missed opportunity side note that there's not ads on that website yet I'm sure I'm sure that that that is coming in Italy but so there are all these like super interesting changes. I kind of feel like even if all that wasn't playing out like just the the fact that AWS is decelerating a little bit. [15:10] Would be the news from this earning thing and it's what everyone's talking about and it's almost a shame because it's kind of masking what otherwise like is a pretty remarkable quarter compared to like what most of their peers are likely to do. Scot: [15:25] Yeah yeah walk us through some of the highlights that you saw in the non aw site. Jason: [15:30] Well so the first thing if you look at North American gmv it grew 13% in q1 so that that is a deceleration from, their Q4 growth but like to put that in comparison. Us retail sales grew four percent in the first quarter so so you know this is kind of back to pre-pandemic levels where Amazon's growing. Despite being you know the largest or second largest retailer in the US depending on how you count growing quite a bit of water faster than the industry, you don't normally we would we compare Amazon's growth to all retailers growth but also to all of e-commerce has growth, so the US Department of Commerce comes out with their Q2 growth numbers in a couple weeks so May 18th I think if you want to mark your calendars will do a show and talk about that but. Just kind of interpreting the data and extrapolating. [16:31] U.s. e-commerce and q1's likely to grow about 10% which is kind of a recovery for e-commerce but still, that means Amazon the largest e-commerce player out there is growing faster than the industry as a whole which is. You know typical for Amazon but you know not very typical in the rest of the world so the retail story was, was really strong and it was driven almost exclusively by your favorite part of the retail Echo System the marketplace right it was almost all. [17:00] 3p sales which I want to say grew 16 percent. Or fifteen percent for the quarter so so 3p continues to be a super important part, and you know I always like to talk about the ad business ads were up 21% which is a, a deceleration of the ads business as well just like AWS but a couple interesting things, there's a ton of headwinds, for traditional dip digital ads right now as the economy is getting a little more challenging you know a lot of brands are cutting back on their spinned because the privacy issues they're cutting back on a lot of the traditional digital channels, um so you look at like metas ad business in q1 it grew three percent Google's ad business grew to percent. [17:55] Pinterest was the leader of those kind of traditional platforms their ad business grew five percent, and Amazon which is has a bigger ad business than Pinterest Amazon grew 21% so that that growth you know continues to be remarkable, um I did a quick back of the napkin estimate and I, I know AWS generated about 5 billion dollars in earn income for the quarter the ad unit probably generated 7.1 billion dollars in earning come for the quarter so quite a bit more, profit to the bottom line coming from that ad business then coming from from AWS, and then you know Amazon you know as they always do they kind of pepper and some favorable stats so they talked about how. They they had 26 million customers for same-day delivery in q1 which is fifty percent growth year over year so you know you. You kind of you've seen a lot of other retailers that as the economy has gotten kind of tough they've kind of. [18:58] Ratcheted back their service level a little bit like you're seeing a lot of people starting to charge more for returns you're starting to see delivery promises get stretched out a little bit and you know Amazon is kind of. Adjusting their returns policy as well but like they're they're all in on that fast same day delivery. And it seems like consumers are continuing to embrace that. Um there's this kind of big strategic shift that they talked about Scott that I know you've been falling which is kind of the shift from a national fulfillment model to a regional fulfillment model. And this is all about getting more efficiency so the idea is you know in the old model you placed an order and you know they ship from whatever Warehouse fulfillment center had the goods in stock so often that. Are shipping things from pretty far away, and mold you know in a you know your your multicart order could have Goods coming from a lot of different fulfillment centers and you know this quarter the focus is really on redesigning the whole fulfillment center to optimize. [20:06] How many trips they have to make to your house and how many, how much of the goods can all come from the same fulfillment center so there's a laser focus on kind of getting the inventory in each fulfillment center right for the market that it's serving, um and the you know in their investor call the CFO was talking about how like they're starting to they're already starting to unlock. Um significant improvements in their operating margins as a result of cutting down on the amount of trips in order to serve the same amount of gmv and they think there's a lot of Headroom to continue improving math if you've been following that kind of, Regional shift it almost feels like the Reinventing the you know kind of against innovators dilemma they're Reinventing their whole fulfillment model despite the fact that they have the. The world's largest fulfillment model. Scot: [21:00] Yeah yeah I think this is really interesting and in some ways maybe the go Puffs the world kind of showed him how to do this ironically enough and you know and this surge of same-day delivery I think they're having. I think you know in the early days the same day delivery I remember Sebastian going ham he was SVP saying yes he was at our conference and he said something like we just put out there to see and we were surprised by how many people use it and then you know they had data that indicated this is like five years ago that it was addictive because you. [21:37] We have forget which of us going this is your zero friction addiction so once you have one of these low-friction experiences you're like yeah yeah you know of course I would like it yeah, I'm running this morning all like it the same day but that's making them for deploying a lot more of the product to be able to satisfy that demand but they have the data to do it the key is it's a you know there's, there's this you know something like 300 million skus out there in the cloud that you can buy a small portion of those percentage-wise large sales wise is in the network of FCS and then the system learned what to, put at the edge near you and that same day thing there's a set of skus and it's probably down to 10,000 at that point, that they know those are the most frequently Asked seemed a things it's going to be things like toilet replenishable toiletries, dog food for me all those types personal items Healthcare Beauty and you know it's not the it's not the Xbox or something that can kind of weight well I guess some of that could be but you know there's plenty of stuff people are happy to wait for so, that that edge Network allows them to Ford deploy 5 to 10,000 excuse and get them to you really fast. Jason: [22:56] Yeah and I think what's interesting is that it turns out that the. The those skews that are needed for same-day delivery in Raleigh are not the same as the skills that are needed in Chicago and AI is really helping them sort of optimize. Those fulfillment centers and the numbers are actually a little bigger than your you're saying there are now like 300,000 same day skus in the system and in some markets there they have over 100,000 skus available for same-day so it y you know there. [23:26] They're kind of expanding from the head in skews to you know at least the chunky middle scuze. On that same day delivery and it and it seems like that's continuing to work for them. I just think it's you know again a lot of people that had you know the huge infrastructure lead the Amazon had him fulfillment centers you know would. But I find it hard to disrupt that model and pivot to a new model and it seems like you know Tim zones credit they're they're not afraid to disrupt themselves and it feels like that's kind of what they're doing here. And it seems like it least pull narrowly it's working you know they're also. Over the covid time there have been some capacity constraints and they rolled out a lot of technology to help help third-party sellers better manage their own. Capacity and you know I'm hearing from third-party sellers that that is going better that they have you know are better able. [24:29] Predict the cost and the capacity that will be available for them and they're not getting as many unpleasant surprises as they as they kind of had had in the past of that that stuff is all interesting, I also think Amazon's big enough that they're they're you know kind of a. A good surrogate for for the actual consumer economies at this point and so is interesting you know they talked about the Americans can consumer and you know the North America was where a lot of Amazon's growth was. Um They they had a statement that they're continuing to see the US consumer is being conscious that she's definitely moderated her spending on discretionary categories, she's trading down to more value oriented eizan's. [25:16] You know there continues to be healthy demand for Staples and you know I think we heard similar things from other big retailers like Wal-Mart and Target so that kind of felt in line but what was interesting was Europe. The growth is much slower but it was a significantly higher beat versus expectations than North America was and they had kind of an interesting editorial on Europe they said that, European demand while cautious came in better than expected, we see customer confidence increasing with inflation tickling down in the EU and that's kind of at odds with a bunch of other retailers that that are competing in Europe that are still you know kind of talking about, the consumer Demand Being really repressed in Europe and the European consumer really struggling due to even higher inflation then then what consumers are experiencing here in North America so, um it either sounds like Amazon's having a better go of it than a lot of other retailers in Europe, or Amazon is being the first one to sort of see the economy turning a little more favorable in Europe so. I kind of found that interesting. [26:42] Yeah well again you know the. Historically like Europe is smaller than North America for Amazon but it you know because it's smaller it was growing faster but you know there have been more. Challenges supply chain disruptions there's more uncertainty in a lot of the European economies and so you know it's like for global companies I'm particularly brands that do business everywhere. Um that European softness has been a challenge the one outlier of all that is luxury so it does feel. Like kind of a bifurcated economy that like luxury can you know is actually kind of bounce back in Europe and is continuing to do pretty pretty well worldwide while. High inflation is hurting a lot more of the kind of staple Industries a lot more. Scot: [27:35] Having Survived the Great Recession of 08 and 09 at Chow buzzer the weird thing about the data was the luxury segment accelerated you have to have the the wealthy folks do find during economic downturns turns out. Jason: [27:50] Yeah this was a weird one in that like that's for that was for sure true where the demand was shifted in unusual ways because often you have a lot of. Really wealthy consumers are also tend to be really mobile consumer so you have, historical you'd have a lot of really wealthy people from China that would go to France and buy a lot of luxury goods and in covid of course nobody was going anywhere so there was this huge, spike in luxury goods in China so like the overall worldwide demand for luxury was very high but there were these weird mismatches where the demand was not coming from the markets that it typically came from and now it feels like it's. Reverting more it's starting to revert to more traditional. [28:37] So there was a another interesting earnings call this morning. Scot: [28:41] Yeah so Shopify came out with their earnings and they've had just kind of set the stage. In the during covid they were Off to the Races and they've had a really hard time in the last year kind of in that post covid era as they invested so much and then covid the e-commerce growth reverted to the mean as you've been, so good at pointing out and they thought it would just continue up into the right and so they did about a ten percent reduction in force I think is a year ago maybe a little longer, and so then this morning they came out and they beat Lowered Expectations to put this in perspective of their growth has slowed to 25% and they were consistently growing well north of 50% so they're they're definitely, this was good for a while there were kind of Contracting but now at least they're back to growth they are losing money but they should get back to profitability here in a quarter or two but the big surprise was you know if you recall they were going to take on Amazon and they started really building out some fulfillment and they bought a couple companies to do that and started building out this whole infrastructure called Shopify fulfillment Network or sfm. [30:00] So they announced on the call today that they're just basically abandoning that whole strategy and the assets they previously bought an aggregate for over two billion dollars they sold to a company called Flex port for a billion so that had to hurt so basically a billion dollar loss on the strategy and they basically said you know the future is AI and that's where we're going to put our effort, and then when they sell this unit there also some people go with that but they're also announced they're doing at 23% that would include some of those people it's not it's not entirely clear. [30:36] How many will be core Shopify versus the people leaving with the sfn I think it's. Relatively small you know I don't think that's happened was like this huge. People operation like you have an Amazon anyway so they're going to reduce headcount by 11,000 people 29k so from 11,000 29k, so about 23% reduction these things are always kind of. [31:06] Little tricky emotionally because you feel for those people that are losing their jobs and found out this morning that's going to be no fun, but then Wall Street loves a good reduction for us because that means more profits oh, the stock this is a huge win for the stock because Wall Street has hated hated hated this idea if you take this super high margin software business and you layer in a super low margin fulfillment business, so you know Wall Street this is part of the innovators dilemma, once you've baked your margins in at 85% or whatever you can't then go to Wall Street and say we're going to bring that down 15% 270 because we're going to be fulfillment and that's a, yeah 30% margin business your blend that in with our 85 you get us to 70 or whatever it is, so so Wall Street was very happy to see them abandoned us, it does raise the question one of the reasons they got in this is you and I talked a lot about Shopify versus Amazon and you know the same time. Amazon is raising the bar on e-commerce we just talked about this two same day, Shopify was going to arm the rebels so that they could at least keep up with two day now they're abandoning that you know there's gonna continue to be, yeah this could be a big moment in history where Shopify messes up and you know. [32:29] What's a I going to solve if you have this great product recommendation or something that doesn't show up for five days in Amazon eats the Shopify Merchants lunch because they just are better at Logistics so this is this is a big decision throwing in the towel and it's going to be interesting to see, if this is wise or not I obviously lean towards I don't think this is going to be a great in decision for him. Jason: [32:57] Yeah it is tricky. The you know I would also mention there's this so I you know scary service from Amazon looming on the Shopify Horizon that it's not clear Shopify his really declared what they want they're going to do with yet which is the. The by with prime service which is you know in in effect to use that really solid Amazon Fulfillment Network even when you sell stuff on Shopify. And so you know maybe they're they're dumping on the Shopify fulfillment Network stuff in there just gonna see the Fulfillment Amazon we'll have to see. Um I do I've decided to correct one thing you said like Shopify is huge on talking about e-commerce regress to the mean. That's actually not true right get when they talk about that they're talking about the ratio of e-commerce sales to retail sales and it's partly true for that. That you know we kind of went from 14 or 15 percent of all sales being online to 17 or 18 percent and we bounced back down to 15%. Um you know that that shape varied while we you know depending on the category so image digitally immature categories like Grocery and Automotive had kind of a permanent Spike whereas, like apparel you know had kind of a temporary bump. [34:23] In absolute dollars e-commerce is way bigger than before the pandemic e-commerce is 90% up from from 2019 and so when when they kind of use that. As an excuse for the layoffs I would say like don't buy it right like that. [34:41] There's a lot more demand for digital Goods than there were in 2019 and Shopify isn't laying people off because that demand has receded like throwing people off because they haven't perfectly figured out what the right business model is and from my standpoint. They're still a little dyslexic on who they're even trying to serve they still have all this language around you know serving the small Independent Business the mom-and-pop and arming the rebels and all that but like you know when you listen all the success stories in their earnings calls. It's it's Staples it's why it's it's you know it's it's bigger or midsize specialty retailers that are moving to the platform, it's not the rebels I, Kendall Jackson and Kendall Jenner and Staples are not the rebels and so I don't know like I think they like that that narrative but like I'm not sure they've come a perfectly aligned their product offering to the. The companies that are like driving the bulk of their gmv growth and when they you know do focus on the long tail Mom and Pops. It really makes that gmv number kind of office gated because there's so much churn over there right and they go or gmv went up 25%. Was that because like all your customers are thriving and they're all growing or is it because you just added way more companies that will have a nine-month mortality rate than you then you did the quarter before. [36:09] So I think it's like I definitely like there's a lot of strong, sort of advantages and and experiences still in the Shopify ecosystem and. Feel like shot pay is getting some traction the shop app has got a lot more traction than I originally predicted and now there are some legitimate. Marketplace features in there there's a lots of things going for them I certainly would not write them off but I do think. Like in the next couple of quarters we need to see some more clarity about like what they want to be and where their growth is really going to come. Scot: [36:46] Yeah yeah it's going to be we'll be tracking it closely on the show as we have them so it's going to be interesting to see I don't think either of us had this in our predictions though sadly. Jason: [36:57] Yeah no I mean I was definitely caught by I never thought this Acquisitions made sense but I certainly thought that you know they would hold on to him longer so I don't know I guess if you're an investor like. Like once you realize it was the wrong decision like there's probably something good about like cutting bait quickly instead of trying to. Drag it around drag it out longer just because you you don't want to own up to the mistake. So anyway that feels like a pretty good recap of the two big earnings there's a you know a bunch of the traditional retailers will be record reporting over the next four weeks and of course we'll have US Department of Commerce data, including q1 e-commerce. Later this month so lots of reasons to have another new show and I still do think we got to get that. That large language Model A I show on the on the books. Scot: [37:52] Yeah yeah we will we're through our vacation period and we should have some time to lay that down and Jason you've got a keynote tomorrow and you got some slides to work on buddy so we're going to make this a short one in the pantheon of Jason and Scot show lengthy episodes. Jason: [38:09] Yeah yeah we'll give it a few minutes back to our listeners and I will go write a keynote for tomorrow. Scot: [38:15] Awesome it's always good when you're up against deadlines so you're going to crush it. Jason: [38:20] I feel like the one thing I have going for me is the present the content will be very Timely. Scot: [38:26] Good yep fresh like. Jason: [38:30] Awesome Scott thinks every very much everyone for listening as always enjoyed the show we sure would love it if you jump on iTunes and give us that five star review and until next time happy commercing!
In this episode, Joe is joined by retired Air Force officer and Senior Consultant Eric Gervais. Eric started his Air Force career as an enlisted aircraft mechanic and later commissioned in the Air National Guard as a finance officer. He discusses with Joe his lessons learned from multiple transitions between Active Duty, Civilian life, and the National Guard. Following his retirement, he has been able to apply his military knowledge and experience to his position as a Senior Consulate with Infinite Technologies, Inc (ITI). ITI provides IT support and services to customers, including the Air Force and Air National Guard. Eric shares tips for entrepreneurs on the importance of networking within the military and protecting what you create with patents and copyright. About Our Guest Eric Gervais is an experienced Senior Consultant at Infinite Technologies, Inc. (ITI) with extensive background in aircraft maintenance, logistics, financial management, and information technology. He has been a senior consultant at ITI since 2012 where he oversees project management and military operations. Prior to joining ITI, Gervais was a United States Air Force aircraft mechanic from 1978 to 1990. In 1990, he transitioned to his role as a USAF maintenance officer and later moved on to become a USAF finance officer in 1995. Gervais earned his Associate in Arts, AAS Aircraft Maintenance Technology, AAS Instructional Technology, and BS in Industrial Technology from Southern Illinois University. He also earned his MS In Systems Management from the University of Southern California. Join the conversation on Facebook! Check out Veteran on the Move on Facebook to connect with our guests and other listeners. A place where you can network with other like-minded veterans who are transitioning to entrepreneurship and get updates on people, programs and resources to help you in YOUR transition to entrepreneurship. About Our Sponsors Navy Federal Credit Union Navy Federal Credit Union wants to thank the men and women in the U.S. Military for their important commitment to our country. For more than ninety years, Navy Federal Credit Union has made it their mission to help people in the military community. Navy Federal Credit Union is open to all branches of the military, veterans, and their families. Navy Federal's employees are veterans and military spouses, which makes them a part of the community they serve. They get you. They understand their members better than anyone. Members could enjoy: Earnings and savings of three hundred and forty-nine dollars per year. A regular savings rate four times higher than the industry average. An average credit card APR that's ﬁve percent lower than the industry average. Award-winning 24/7 stateside member service. Over three hundred and ﬁfty branches worldwide. And A 0.25% discounted rate on VA loans. Show your own support for our troops with #MissionMilitaryThanks. Learn more about how Navy Federal is celebrating the commitment that connects them to their members at NavyFederal.com/celebrate. At Navy Federal, our members are the mission. Want to be our next guest? Send us an email at email@example.com. Did you love this episode? Leave us a 5-star rating and review! Download Joe Crane's Top 7 Paths to Freedom or get it on your mobile device. Text VETERAN to 38470. Veteran On the Move podcast has published over 480 episodes. Our listeners have the opportunity to hear in-depth interviews conducted by host Joe Crane. The podcast features people, programs, and resources to assist veterans in their transition to entrepreneurship. As a result, Veteran On the Move has over 7,000,000 verified downloads through Stitcher Radio, SoundCloud, iTunes and RSS Feed Syndication making it one of the most popular Military Entrepreneur Shows on the Internet Today.
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Secretary Yellen joined in a live interview, saying she can't rule out a recession but doesn't think it's the most likely path for the US economy. She also said there are no good options if the debt ceiling isn't raised. Markets ended the session little changed. Miller Tabak's Matt Maley and Cantor Fitzgerald's Eric Johnston break down the market action. Earnings from PayPal, Palantir, Lucid. Unlimited CEO Bob Elliot on the latest developments in the regional banking crisis. Our Julia Boorstin previews CNBC's Disruptor 50.
CFRA keeps an $18 price target on Warner Bros. Discovery (WBD). Ken Leon and Tim Nollen discuss the outlook for streaming stocks. They talk about how Macquire Group has a neutral rating on Netflix (NFLX), an outperform rating on Walt Disney (DIS) and WBD, and an underperform rating on Paramount (PARA). They then go over how CFRA sees the most churn risk in 2Q 2023 for WBD. They also preview DIS's earnings and note to look out for their subscriber number. Tune in to find out more about streaming stocks and the stock market today.
With all the volatility surrounding the banking sector, the Fed raising rates and the continued debt ceiling debate, are consumers finally pulling back on spending? ----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Chief Investment Officer and Chief U.S. Equity Strategist for Morgan Stanley. Along with my colleagues bringing a variety of perspectives, I'll be talking about the latest trends in the financial marketplace. It's Monday, May 8th, at 11 a.m. in New York. So let's get after it. In this week's podcast, I will discuss three major topics on investors' minds. First quarter Earnings results, the Fed's decision to raise rates last week, and how the consumer is holding up in the face of a debt ceiling debate with no easy solutions. First, on earnings, the first quarter earnings per share beat consensus expectations by 6 to 7%. Furthermore, second quarter guidance is held up better than we expected coming into the quarter. That said, it's important to provide some context. First quarter estimates came down 16% over the past year, double the 20 year average decline over equivalent periods and a more manageable hurdle for companies to clear. Furthermore, the macro data improved in January and February as seasonal adjustments and easy comparisons, with the early 2022 break out of Omicron flattered the growth rate. Nevertheless, this improvement also helped earnings results on a year-over-year basis and provided a boost to company confidence about where we are in the cycle. Unfortunately, many of the leading macro data we track have fallen and are now pointing to a similar reacceleration in earnings per share growth that the consensus expects. Ironically, this comes as many companies position 2023 growth recoveries as being contingent on a solid macro backdrop. If one is to believe our leading indicators that point pointed downward trends in earnings per share surprise and margins over the coming months, stocks will likely follow that negative path lower. With regards to the Fed, Chair Powell pushed back on the likelihood of interest rate cuts that are now priced in the bond markets. While bonds and stocks faded after these comments, they closed the week on a strong note. We believe the equity market continues to expect the best of both worlds, interest rate cuts and durable growth. We view the likelihood of reacceleration in growth in conjunction with interest rate cuts is very low. Instead, we believe another chapter of our fire and ice narrative is possible. In other words, a tighter Fed even as growth slows towards recession. This would be a difficult environment for stocks. So what are consumers telling us? Today, we published our latest AlphaWise Consumer Survey. Consumers continue to expect a pullback in spending for most categories over the next six months. Consumers still plan to spend more on essentials like groceries and household supplies. However, they are looking to pull back on discretionary goods spending categories with the most negative net spending intentions are consumer electronics, leisure activities, home appliances and food away from home. Grocery is the only category where low and middle income consumers said they're planning to spend incrementally more over the next six months. They are not planning to spend more on any services categories. For high income consumers, travel is the only services category where spending intentions are positive and grocery is the only goods category where spending intentions are positive. Interestingly, the high income group indicated negative spending intentions for food away from home and leisure services. Bottom line, the consumer looks to finally be pulling back from an incredible two year run of spending. That was always unsustainable in our view. Some of this may be due to inflation and dwindling savings, but also the very public debate around the debt ceiling, which does not appear to have any easy solution. This is just another wildcard risk for stocks as we head into the summer. Thanks for listening. If you enjoy Thoughts on the Market, please take a moment to rate and review us on the Apple Podcast app. It helps for people to find the show.
MtM Vegas - Source for Las Vegas
Chase Sapphire Preferred is one of the most popular travel cards. Right now they are offering an increased 80K welcome offer. Click the link to get more info. Chase Sapphire Preferred 80K Welcome Offer Episode Description: As a reminder you can watch this show as well at: http://www.YouTube.com/milestomemories On this week's show we had a lot to discuss including the eye opening earnings for both Caesars and MGM. In other news we learned when the Plaza's expansion is opening and how Rio was going to give the A's land for $1. We also discuss Vegas Loop's approval for an expansion, another new casino approved, Paris' new tower and when Fontainebleau Las Vegas will open. About the Show Each week tens of thousands of people tune into our MtM Vegas news shows at http://www.YouTube.com/milestomemories. We do two news shows weekly on YouTube with the audio being combined into this podcast. Never miss out on the latest happenings in and around Las Vegas! Enjoying the podcast? Please consider leaving us a positive review on your favorite podcast platform! You can also connect with us anytime at email@example.com. You can subscribe on Apple Podcasts, Google Podcasts, Spotify or by searching "MtM Vegas" or "Miles to Memories" in your favorite podcast app. Don't forget to check out our travel/miles/points podcast as well!
Visit Indeed.com/applebitz to start hiring now. The iPhone is still breaking records and Apple's Earnings prove it. iOS 17's expected features coming to WWDC 23 and Tim Cook's take on using Artificial Intelligence for Apple. You can help support this show and my independent work at www.patreon.com/briantong THANK YOU! Call into the show by recording a Voice Memo and send to firstname.lastname@example.org
Swing-Trading the Stock Market
Ryan provides insight into an awful earnings disaster that saw one swing trader's position cut by 50%. How could this swing trader have avoided the awful results? Whiskey: Well Special Reserve Be sure to check out my Swing-Trading offering through Patreon that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists and regular updates on the most popular stocks, including FAANG stocks, Microsoft and Tesla. This is provided each and every week! Check it out now at: www.swingtradingthestockmarket.com
- A look at Apple's March-Quarter Earnings - Sponsored by BetterHelp: Professional, licensed, and vetted counselors that you can trust. Get 10% off your first month at BetterHelp.com/MacOSKen - Power what we do next for as little as $1 a month. Join the Mac OS Ken Test Kitchen at Patreon at Patreon.com/macosken - Send me an email: email@example.com or call (716)780-4080!
No Payne No Gain Financial Podcast
It's Episode 119 and economic growth continues, much to the chagrin of many Wall Street strategists. The economy continued to grow in the first quarter. Earnings season is upon us and earnings have been pretty good. Technology has been leading the way. Markets are going higher and the French stock market is leading all markets. So it's crazy out there. We're going to break it down for you today. On The Tipping Point, we're going to talk about variables that you need to factor in when it comes to you becoming financially independent.
This week Mary Ann, Natasha and Alex got right into it with:An update on a startup banking partner collapse that wasn't the First, and probably won't be the LastA section dedicated to sunsetting Poparazzi and a Databricks acquisition (points to whoever can guess how we transitioned from one deal to the next)Next up, we spoke about Finix's latest announcement to go head to head with Stripe, before talking more about the rise of down roundsWe ended with BlueSky. Although some of us feel grey about it. And regardless, this piece by Morgan Sung will have you thinking smartly about the new Twitter competitor started by the ol' Twitter boss.We'll be back before you know it, but in the meantime, you can catch us on Twitter @EquityPod. And for the early stage founders out there, don't forget to apply for the Startup Battlefield 200 cohort at TechCrunch Disrupt 2023! For episode transcripts and more, head to Equity's Simplecast website. Equity drops at 7:00 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more!
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Listen to a recap of the top stories of the day from 9to5Mac. 9to5Mac Daily is available on iTunes and Apple's Podcasts app, Stitcher, TuneIn, Google Play, or through our dedicated RSS feed for Overcast and other podcast players. Enjoy the podcast? Shop Apple at Amazon New episodes of 9to5Mac Daily are recorded every weekday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee new episodes are delivered as soon as they're available. Stories discussed in this episode: 15-inch MacBook Air: Suppliers stockpile inventory as Apple preps to steal market share from PCs Apple reports Q2 2023 earnings: $94.8 billion revenue, new records for Services and iPhone Apple hasn't even switched the iPhone to USB-C, and the EU is already complaining Follow Chance: Twitter: @ChanceHMiller Mastodon: @firstname.lastname@example.org Listen & Subscribe: Apple Podcasts Overcast RSS Spotify TuneIn Google Podcasts Catch up on 9to5Mac Daily episodes! Don't miss out on our other daily podcasts: Quick Charge 9to5Toys Daily The Buzz Share your thoughts! Drop us a line at email@example.com. You can also rate us in Apple Podcasts or recommend us in Overcast to help more people discover the show.