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Speaking of tech, Tesla is slashing the prices on several of its vehicles. That's, of course, hoping to boost sales. The stock is on pace for what would be its seventh straight day of losses. It's down 20% in this month alone. And the house passing legislation over the weekend that could lead to a ban of TikTok in the United States. Let's begin with the markets after last week's tech sell-off. You now have 29 of the Nasdaq 100 components down 20% or more below their 52-week highs, more than 3/4 of the NDX falling at least 10% from such highs. Jim, Friday, the equal-weight S&P relative to the cap. Wait, best of day in a few years. Yeah, we saw something really interesting on Friday. We saw this microbe down 25%. That is a analog to a view. It's an analog to video. And mitties got much higher intellectual property. That's because the announcement is quarters come in. And this is for the first time. Seven out of eight quarters, they have said, "Hey, we're doing better than expecting you to do that." It's kind of very simple to what happened to Broadcon. Broadcon on April, I'm sorry, March A said the same thing. They did not pre-announce. You go back to that period, David, the unemployment number that Friday. That's the first time that Powell got it wrong, big wrong. And interest rates shot up. I think this move is largely interest rate to move. It could be reversed by earnings. But only if the tenure stays at four, six, four, seven. And I don't know if that's going to happen. Okay. I mean, I think it's Bahans. I think that we all think it's stopped. But the high-modal stuff is what's going down. And that's controlled by Bahans. Right, you just think there's laws. What's the level? As long as we say above four or five? We can't go above four or seven. If we go above four or seven, then every stock you see right there, no matter what their report is going to be heard. And if you look at NVIDIA, that is obviously the poster word for the decline. And, Carl, in NVIDIA is the king of AI. So what this really is is a revolt against AI because the stock's, you know, an Amazon's not being felt that barely. An album is not being felt that barely. You know, they're users of NVIDIA. But NVIDIA is the metaphor for a company that got too high. Worst day on Friday since 2020. We talked about the barons cover, Jim, on Friday, and how they argue that competition's on the way. Yes. Can you go back to March 8th? That was the day where the stock opened up five percenters and gapped up and then finished down five percent, which is a terrible island reversal technically by. But that was the top of NVIDIA. And the top came when we, when pal lost control of the narrative. Because pal had been saying, look, don't worry. You know, employment's going to show some slowdown. Instead, we got an acceleration point. That was 100,000 added more that Friday. And that was the peak. If you look at that peak, it actually came day before because what happened is it didn't close there. And that's, that's by closing prices. But that's been the story. It's just, it's interest rates. I wish I could tell you that there's more to it. But interest rates are in control here. Although this UBS downgrade of what they're calling now the big six is about, in terms of in Gallup's view, is about earnings. Well, that was happens. I mean, thank you for nothing. These stocks have had a major decline. And what you have to try to do is feel whether they bounce and go back down or they just go back down. Now, if you looked at NVIDIA, David, at six o'clock, it was up 17. That would have been the kiss of death. You cannot have these stocks open up big. We haven't had the washout. By the way, the S&P oscillator I follow was actually, it went up a little on Friday because we saw a dramatic increase in the proctors. And the Wells Fargo's. Those are working. Lower, multiple. Right. Well, proctor, though, has never had a particularly low multiple. Well, proctor did have a very good number rise. And the market ignored it initially. Right. Stock opened down three and a quarter into finished up seven days. Because it's not 40 times. It has great earnings. Yep. And I think that we know it's interesting that what's not really going down are the two non-high multiples, which are data, although someone took a shot at it today. And alphabet. And alphabet. Yeah. I know. We're past that period. We talked about a lot the last little couple of weeks where everybody was wondering whether they were facing an existential crisis and then kind of seemed to move on from it. It became the favorite because it always doesn't mean that there. Right. Right. But it always has been consistently cheap. Right. Alphabet. At least compared to its growth. Right. In part because of the other bets and how much money they've been spending on everything else. They aren't seen as having the same amount of cost as a plan or the concern about efficiencies perhaps. Right. So it's always traded. It has. But how many companies did you get away with? I mean one of the positive notes was saying the whole point of CFO. Now let's say we were dealing with any other company. They were like a point of CFO and they didn't have a CFO. I think we'd be saying what the heck? Alphabet has a unique set of assets and YouTube is the one that's consistently not talked about. But you can bet that if you broke up this company it'd be worth a lot more than so. Well, Meta and I guess Alphabet by extension getting some chatter today because it looks like this TikTok for sale is going to move at least to the Senate. And I think it was it's ever caught today. Our web bush says that Meta's the most likely beneficiary of any donated mind share. You take away the 15 to 20 year old. They go right to Reels. The advertisers love Reels. Reels is the way you reach the people you can't reach for linear TV. David, linear TV is not really signifying any great strength here that I can tell. No. It's a lot of sound and fury signifying nothing actually. Wow. Are you going right there at Shakespeare? Sure. Why not? I don't know. I like Faulkner. For Shakespeare. It's 906 on the east? No. You're right. Absolutely right. I don't think Frank Hollis over in London, they didn't use Shakespeare over there. No? No. Those people they've disavowed Shakespeare. It's kind of like Mission Impossible. This one. Just if I'm any knowledgeable. Why was there a problem with him? I think it's because I watched Shakespeare when I was an Nvidia. They have no problem reproducing things. By the way, yes. What would happen if you could reproduce your parents? This is a new thing that I'm hearing. It's a crazy stuff. You record your parents, you can have them talk to you if they've passed one. Well, I've said this many times. You're never going to disappear. We could be uploaded in some fashion to the cloud and then recreated or at the very least to your point. Yes, our avatars will exist on forever. It'll be like Superman when he went to see Marlon Brando. You know, and remember the crystals? Remember the Superman? I remember when Marlon had taped all those things for Superman to remember. It'll be like that. Okay. Joel. Joel. Joel. Don't forget where you're from, who you are. I was asked that you were going up River and Apocalypse now. I didn't know you were ahead of there. I can go there too. Okay. I see you. That was a Brando. Is it a different Brando? I see you Brando and I raised you Tesla. Yes. Because you see Tesla, you mentioned existential crisis earlier. Mm. Well, I mean, what else is there to think about here? I guess the fact that apparently if it only drops another 20 points, its market cap may be exceeded by that of Toyota. Should Toyota maintain its current market value? That is 100% wrong. It has to drop 27 points. 27 points. Yes, David. Varen said the numbers around 120. Thank you Carl. Thank you Carl. There are 130 articles about, I mean, what happened to Varen? I had no, I actually not focused on Toyota's market value being that high. Toyota is really good even the Tesla is still tenfold that of GM or Ford in terms of its market value. He was looking for 5,000 cyber trucks a week and we've had a recall of 3,878. I think I'm calling that below expectations. Cutting prices in China, again, Germany, postponing the trip to India and his meeting with Modi, Lee actually matches some of those price cuts in China, Jim. I know. That was down 7 pre-market. Has it occurred that he won that maybe he has to advertise? You know what, a year ago when we sat down for our interview right after the annual meeting, he had said he would start to advertise but they never really followed up on that. Right, never did. But he did say they would consider doing it, I remember because it was sort of newsworthy and I followed up with a couple of questions but then, nothing, nothing. You would think that Nick's six-year game, he'd have cyber truck ads. Good numbers now. Where have that have been the game? I've been the game. Yeah. That would have been the game. Meanwhile, the UAW gets a victory at this Volkswagen plant in Tennessee, moving on to Mercedes in Alabama. Perfect. That's the whole reason why they went there. I mean, remember if you talk about why did they move there, which is of course, entirely inconvenient versus Michigan, and well, it was to avoid this, precisely this, Ford reports this week. Ford is an inexpensive stock. Remember, Ford and GM, if you get out the non-financials in the S&B, they're right there at the bottom. I mean, they are hideous and they need to show that they think their stocks are cheap. Now, GM has done a better job because it's got that monster buyback. But Ford's cheap, and I hope it's not cheap for reason, the reason being that it's doing poorly. Remember, they have ice and they have hybrid, they have the F-150, the F-150, the whitening. And their core legacy business is 90% financed. Exactly. Well, I mean, it's a pretty good business. As long as you can get people to buy. Right. What happened to think that Ford is the cheap, my child was also owns it, it hasn't been a disappointment. I don't know, is nothing a disappointment he says, have you seen, Carl, the percentage increases of a lot of the Texas year, they're like one. I mean, you could be doing better in the two year, in the two year game, the two years got a high multiple. And there are plenty of people who have taken advantage of that. What do you think about the 5% two-year comment, because we got a slam bang auction coming up, man? You see that? We got the two year, which people think is going to yield 5%. We have a 10 year, that one's got a whole, I'm sorry, 10 years to hold, we have a two year, we have a five year, and we have a seven year. So you're looking at a quantlet there of Tuesday being a two year, five, David, why is two year, why is Tuesday different from any other day? It's because the two years, we're going to go to 5%, that's why. You think it will. We're going to be focused again, once again, on auctions the way we were, not that long ago. But like 1996, well, there is this concern overall, as you well know, that at some point we may hit some sort of an air pocket, given the overall concerns, about 34 trillion or more in overall debt, and the interest costs for the budget in terms of what that's going to mean. So. March 8th again. I'm telling you, March 8th, that was when rates started where people realized that the Fed had no control, they were still talking about cutting. That turned me out. That's all about, although it wasn't based on the movements and the treasury market per say, as much as it was the economic day. Yes. Yes. Well, I mean, remember, we had a number that showed with 100,000 extra jobs, barely any wage growth on March 8th, that was the time to tighten instead of talking about cutting. Could you be more well? Whoa. Really? Could you be more wrong? You're already going there? Well, that was, look, I've been totally impressive. Yes, you have. But how turned out that his view was not much ado got nothing. Wow. With friends like this. Well, you want me to say, "Merry wife's a winner?" I'm a winner. I mean, what do you want me to do? I mean, I go. If you prick us between a bleed, you clown. We're going to get a GDP number on Thursday and PCE Friday, just part of our very busy week setting up. When we come back a closer look at TikTok, following the house passage of that legislation that could force the sale or ban the app in the U.S., bunch of news today, Verizon, Truist, Salesforce, Nike, got some calls on Cisco, Amazon, and Apple when we return. For more than a decade, Comcast has been committed to bridging the digital divide and connecting millions to affordable high-speed internet. But the barriers to get connected go well beyond affordability. Through Project Up, Comcast is committing $1 billion to reach millions with digital skills training, resources, and opportunities needed to succeed in a digital world. Project Up, building a future of unlimited possibilities. Learn more at comcast.com/projectup. The market doesn't joke around, so why would you? Get serious. Choose tasty trade. Tasty trade gives you the tools you need to make smarter moves. 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The timeline of giving this community a complicated transaction, to give it up to a full year, I think just from a business standpoint, makes sense. At Senate Intel Committee Chair Mark Warner yesterday on Face the Nation after the House did pass legislation over the weekend that could ban TikTok in the U.S., unless by dance sells its stake in the app within nine months, possibly extended to a year. The bill now goes to the Senate, Jim. Yeah, look, I think that the information and the evidence, not there, I think that there is an understanding from Chinese hacking that you cannot trust China in any way, shape. The Chinese hacking has accelerated. David, it's almost unstoppable, so here's a form of Chinese influence that, let's just say, could be, could be, but there's no real hard evidence. But if you think that you want to maybe cut down cyber attacks, maybe you go ahead for them here? That has certainly been the case made by those who believe that the app should not in any way be able to operate in the U.S. as long as it's part of an overall Chinese company. By dance, as we pointed out many times, of course, an incredibly successful private company that, by the way, makes enormous profits in China itself through its apps there, Doyan being one of the key names, competes with the likes of Alibaba, actually has a value that is far above that of the public market value of Alibaba, just to put it in perspective, at least based on the last round, and if you even put them multiple on some of the numbers I hear in terms of the profitability of ByteDance, I say that because there are those who say, well, you know what, even if they were to close down the U.S., it wouldn't impact the company as much as you might think. Right. Although the value, obviously, is you could argue is quite high for TikTok given its popularity in the U.S. and then we come back to this process that was outlined a bit by Mark Warner and that very well may be very close in terms of actually playing out here, which there is a hope somehow that ByteDance would be able to sell the U.S. By the way, the bids that may be existing from Mnuchin's group or Bobby Kotick or something he would put together are for all of TikTok outside of China. It would be similar to what was done four years ago or the attempts that were made four years ago. In the general Atlantic oracle? No. I mean, you'd buy Europe, you'd buy it would be TikTok, you know, sort of the English language you buy. Australia you'd buy a lot of it. But the question of course becomes whether the Chinese would allow it to occur. You know, I brought up the idea that, well, could you buy it without the source code slash algorithm? Sure, you get a user, listen, you put a lot of really high-powered engineers together to try to recreate it in some way, but you need that source code at least for some period of time. It's just not clear the Chinese are going to let it happen. What are they trying, what's the goal of the influence? Because it's not clear to me who's more anti-China, Biden or Trump. What's the goal of what influence? Well, I'm saying if you want to try to influence the American people, you're, what do you do in interest in toward like RFK junior? I mean, honestly. What you can just sow and create dissent, that's all, I mean, look around. That's all you. You don't necessarily need a favor one or the other if you can just have everybody hate each other. It's probably pretty effective. Well, I mean, I don't think that it needs that TikTok's help. Yeah, that may be the case, Jim, but there is a very firmly held belief amongst those who would advise some of these senators and who are involved and have been involved in this process, that the data does go back to China, despite, of course, the continued protestations of TikTok itself, which says absolutely not and has moved so much of its data to oracles, servers, for example, and it's spent an enormous amount of money to do that. One reason why the US business is not nearly as profitable as it might otherwise be because they've been spending so much on CapEx related to this effort to try to convince the political authorities that in fact they are not a backdoor to China. Well, then it's just a message. You can't do it. It's just a message. You can't convince anybody that it's always this belief based on the Chinese actions you were just talking about, that they'll always find a way. We can't punish them cybersecurity because they've gotten through every single method that we have. You can punish them TikTok, I mean, you punish them on the Blackwell, it's NVIDIA, you punish them wherever you can, but we don't have a lot to punish them. We don't boycott their stuff, but... I mean, this thing could get signed really soon, right Karl? Feels like it's almost all the way there. No, I'll tell you. Look, you want, you want to know what to do? Buy meta! Buy meta? Don't have, don't have to think this. Buy meta. Zuckerberg. Come to town really for the time, 100? Nice. We don't know. For sure. For him? Of course. He doesn't corner me first. Exactly. We will get Kramer's mad dash and cow down to the opening bell. One more look here at the pre-market as a consequence a week kicks off with the futures in the green. Don't go anywhere. 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Yeah, a lot of tepid defense. I mean, it's not obviously broke down in 165. A lot of people talking about that's the end of the technicals that very can't rally. Well, more understanding comes out and says, "Don't worry about it." All the market tricky set up, but they think that March quarter will be good, but the guy will be bad. Now, the back of a miracle, on the other hand, is expecting a strong Q2, but the guy could be lower. And then, whilst for a signature pick, I read there's nothing good about it, but they like it. Now, David, put them all together, and you got 24 times earnings, 24 times earnings, and 29 times earnings. David, you mentioned me proctor earlier. This is a company, Apple, that needs to sell to lower multiple if the bomb market doesn't be good. So, I keep coming back to the bomb market only because I think that if you get a 24 times earnings and a decent guy, which I don't expect to do, and they don't like to guide that much, then you can hold where they are. I still think where they are. I still think you can go to 160 to the other proctor. You do. Yeah. We're getting closer and closer to June when we will get, at least, what we expect will be some significant information about their plans when it comes to generative AI. And everyone's so bullish about that meeting, and I don't think that's the way to look at it. I think you have a new phone. Yeah. 16. And that's what I care about. The vision pro, David, has disappeared from an error. I think that that's a shame. That's a business-to-business product that they seem to think is a consumer product. Earned work. But this is, again, a defense based on nothing, and I don't like that. There's nothing near that makes me want to buy out. A bit of a wait on that one, and they come on May 2nd. Let's get the opening go here and the CBC real-time exchange of the Big Board. Amplify ETFs and Samsung Asset Management, celebrating the launch of the Amplify Samsung SOFR ETF at the NASDAQ HashiCorp, launching the Infrastructure Cloud to unify its products onto a single platform. Oh, my. You know, all sorts of good. Of course, the sales force. And by not having an Informatica, you're not going to include that, David, in the platform. Do you want to talk sales force right after that? Well, I was using it kind of a segue from the NASDAQ, I thought it was pretty cool. Well, I'll turn to you in terms of sales force overall in the fundamentals of the company, but of course, we did see the stock of sales force decline pretty dramatically our early last week on reports that it was in talk to by Informatica. It's a public company, although controlled by, from my private equity, Informatica comes out this morning and says, "We're not talking," although Informatica's policy is not to comment on market rumors, a media speculation. The company announced that it is not currently engaged in any discussions to be acquired. Salesforce is rebounding. There's part of the statement. They also came out, by the way, with just an update on their business and financial conditions as well, in terms of saying that business continues to be very strong and they will discuss first quarter results on May 1st. But again, they shared that with us. Salesforce is rebounding, Jim, on that news. Well, I think that we had a bunch of activists who were really glad by the fact that Mark Benioff, CEO, was saying everything about not spending a lot of money, about putting cash back in, trying to keep the stock-based compensation lower, hitting going from $10 million down to $6 million. This would have been a different narrative and I think that the fact that the stock's only up $5 is terrible. I mean, it fell third. It did fall, it did fall more appreciably. There was a belief, I think, amongst that there would not be large acquisitions. This would have been a fairly large one, not nearly as large as their biggest, of course, which was slack of a number of years ago, but not small. No, more than no. Now, the analysts who wrote about it last week after the reporting that they were in Deepen Talks seemed to find a strategic rationale for it though, Jim. It wasn't as though it was out of the blue. Well, look, I think it's been great at finding corrupt data. I remember pulling them aside and then telling me we would have seen the Wells Fargo fraud because we were able to demonstrate exactly how it occurred on a repeated basis and no one else made that claim. That Wells Fargo fraud car was conceived to be impossible to find and from Attica spotted it by just looking at a pattern and they weren't even in with a deal. Yeah, I'm just reading the Barclays desk this morning while there might be some investors who were still a little aggravated that CRM tried to make a meaningful acquisition after so much pushback, others will be happy to see that they had some price sensitivity in their acquisition strategy. Well, it made me feel it was almost a trial balloon. It's like, hey, let's just show people we had this one. It very much feels that way. Again, the early reporting was they were, the stock was above where they perhaps wanted to, what they were willing to pay for it. But again, one of those situations where the markets learned about something and obviously it never happened and so the stocks have readjusted a couple of times here. But to Jim's point, Salesforce has not taken back all of the losses that seem to be perhaps a result of concerns amongst investors that he was, that Benny off in the management team were once again on an acquisition. Yeah, my understanding is just doing well. The bellwether for this week, I think will be the one that people aren't focused on enough, which is you've got ServiceNow and ServiceNow is on Wednesday and we have every indicator that ServiceNow is doing very well. So the question is, will the bond market allow that stock to move higher? I keep coming back to the bond market because I don't want to lose sight that the market peak came when we thought that there was going to be more rain cuts. And I know it seems almost pedestrian to focus on that, but it is the best prism to look at these high multiple stocks, both good and bad. Yeah, now we'll present the same evening that IBM does, which is also getting a little bit of a curtain raiser on the tape today. Well, I do think that the difference between IBM and the rest remains the fact that it has a price-turnies multiple below 20, and so therefore, can rally. In the same way that I find that there are industrials that have plus 20%, 20 EP that are going down, and then there's ones that have below 20 and they're going hard. You know, it's about whether it's about inexpensive stocks that are less affiliated with the bond market. Let's put that one. We should hit Verizon earnings, guys, because it is one of the names, at least we should take a look at it. There it is on Monday. We got it this morning. And it was being well received, the stock is up about 1.8%, you can see it right there. Said simply, consumer better than expected, business may be not, but consumer more important than business. Therefore, stock up. I love that. You like that? We can move on now. Yeah. I mean, that... Well, there you go. Right? I said it all. Any implications? Without any verbs. We do have actual numbers, which I thought was important. There are numbers. Yeah. There are some numbers. You want numbers? Yeah. Right. I'll give you numbers. Okay. I can do that too. Total revenues, $33 billion. That was actually a bit below consensus. Wireless service revenues, though, $19.5 billion. That seemed to be a bit above consensus. Yes. That's fine. That was $12.1 billion. And as I said, strong consumer wireless performance seems to be what is driving the stock this morning. They simply lost fewer subscribers than had been anticipated, and only what? 50... Yeah. Net losses. Postpaid net losses of 158,000 beat expectations. And they were able to raise price and push that through to a certain extent. But there is a slowdown in business, and a bit more even of a eyewitness in business. So business segment continues to be a bit of a drag, but overall, a positive response. Given those consumer numbers, they seem to be, this is another quarter where Verizon has made some progress. Yeah. Okay. So this stock was up a buck and a half. Wouldn't they have reported? Now, it's a, uh, $6.5. I mean, is that good? I don't know. You're the stock expert. I don't know. I don't know. To me, Carl, the S and still, even though it's antiquated, is to make money. Ah. I see. And that... So the green arrows are the good ones? Yeah. But you know, as that game goes lower, I find it not as good as when the game was higher. Now that's not really talked about with Verizon, because it's a bond. It is a bond. It's a bond. Give me the 20-year, I like the 20-year Verizon, always, because a lot of people hold it for a long period of time. Right. It's one of those names that you could imagine in many portfolios doesn't go anywhere in part, because of the dividend, and that gives you a sense. The stock is, uh, 21% for 20 years. The budget deficit, David and Ian, are you telling me that? No, you did get a dividend and we're not, that's not, so that's not total return. We're showing you to be fair. Well, then... But when you talk about what the aim is of investing, I don't think you want to own that name or the last one. Well, how about ACT? Is that similar? Do you think that that's not as much of a bond? Maybe that's a jump pot. At least we got some, um, at least the CapEx Guide doesn't change over at Verizon. No! And look, I think there you are. Oh, there it is. Why yours versus the S&P? Well, yeah, not good. No, no. When I hear David what Carlos had, I worry about Cisco, which was down great. Yeah. I mean, a JPM note. Yeah, I thought that was, wow, I mean, they're basically saying you're going to get one quarter bounce from Splunk is what, you know, they bought Splunk. David, the campus network has always been a negative for Cisco. I don't know what you're talking about. Campus network has always been negative. Well, no, they have a thing. Cisco has a thing on college campuses? No. On campuses of corporations, where they hook everything up. Correctable, small. Okay, that's what it right. And corporate campuses are getting downsized or... Well, corporate... Well, I mean, Cisco doesn't even have a headquarters, really, but it's, you know, say, marginally. But I do still, I'm just reading that that's, well, that business is the business that has not been that good. I was hoping that people would say that the new Cisco, which is far more oriented towards cyber security, might be attractive because the deal with Splunk is a creative, but people not networking office campuses. Well, I mean, well, David, that's awesome. That's a simple way to look at it. I'm a simple man. Yeah, well, it says JPM were in campus networking, still facing problems. Splunk is a creative. And yet it didn't matter. And I think, you know, you go, spend a lot for Splunk, you get Gary Steele, Splunk has got some good cyber security, and this guy's just brushing it off. Same old, same old. That's JPM Morgan. Same old, same old. Didn't matter what they did. I don't know. That's why I came back to campus, networking, but David's talking about Columbia or something. Oh, no, please. Let's talk about that. Okay. I'll leave that to the other show. What? We don't have time, we're all business, thankfully. Yes. Which leads me to Paramount, guys. Oh, now we're talking. Because that's my business. Yes. Can't help it, but being my business. Look at a sideline business, like, like, do you, like, from an Uber? No. I'm not, like, a pop car. One of those other things that all they do is follow that thing endlessly. I'm just saying it's kind of like a hobby or something you do to it. The news on Thursday night Friday morning, I was near Friday, and the set the stock up was that Sony might want to join Apollo in its potential bid to acquire all of Paramount. And my feeling was that if had you been working, you would have killed Paramount that day. You can't, like, kill Kenny. Kenny's Paramount. You can't. Did you kill Kenny? Paper killed Paramount. They killed Paramount every day here. But Kenny always comes back, right? Yes. Yeah, okay. Just part of me. He's not always comes back. I mean, it's the same deal. He's always comes back, though. All right, here's, here's, listen, what I'm aware of is that the Special Committee, which is obviously tasked with right now the exclusive bid that they have received as we've gone into some detail on from Skydance in partnership with both Redbird and potentially KKR, smaller partner as well. That's what the Special Committee is spending a lot of its time on. They haven't heard from Sony at all. So take that for what it's worth. If you were Sony and you were very much interested in being the majority owner in a joint bid with Apollo, chances are you would reach out to the Special Committee, wouldn't you? And they may. They may still do that. But they have not as yet. Now, you're telling me that Sony, which was the sole reason that stock bounce, has not contacted the Special Committee. That is what I'm telling you. Well, then in other words, the stories last week, Smackmore and Fantasy, the stories last week to be fair said that they were talking about doing it, but they didn't specify that a bid had been submitted and no such bid has been submitted as far as I'm aware and as far as the people that I speak to are aware. I would point out that in the past when I've covered Sony and the potential for it to engage perhaps in some sort of an acquisition, the US Sony may want to do something, but it's got to get permission from the Japanese Sony. And that permission is not always, or that acquiescence is not always forthcoming. The Sony America. It's not always. Have the money to do it. No, they need, they're solely on by Japan. They need their Japanese headquarters to say, "Go for it." Okay. And in this case, it's unclear whether that's going to be the case. So you can have a situation where Sony US would love to do something, but Japan says, "No, we're not putting the capital out for that." I don't know, but all I can tell you at this point is that there has not been a bid received. There has not been any contact between Sony and, again, the special committee that is working on and looking at, and it's tasked with a very difficult job, by the way, that I went into some detail at describing, right? They've got to figure out what the value of Skydance is. They've got to figure out and check and do diligence on Skydance and all the cost savings that the Ellison Skydance group says they're going to be able to actually bring to the fore. And they've got to make some sort of a decision about what Paramount's shares are worth with the status quo. So it's hard and they're going to have all these shareholders who are ticked off with them regardless because you get these headlines out there that say, "Hey, we might pay $29 billion for this thing." People back into math, which there's no details on, by the way, as to what the premium would be for the A's versus the B's and the less they back into it and say, "Why wouldn't we want to just take a far higher stock price?" So it makes life a lot more difficult for that specimen. Well, I can't any Jesse watching this show right now say, "Look, I want NFL, so I get Jim Nancy Company. I want March Madness, all right? I want the Masters." And I also get some really good soccer. Why doesn't he want that? I think meaning what Amazon buying Paramount? Well, I'm just saying that Andy Jassy has said, "My Thursday night NFL." And the Friday, the Black Friday, were the two most impactful things that have happened for Brian. Andrew posed that question to Jesse the other day, and Jesse's response was, "We're quite happy with our content offering at the moment." I think actually the question was more about, was that MGM library? I can't remember what part of it was. I mean, they have, obviously, they bought MGM. And frankly, if Amazon wanted to strike, they might be more interested if they really wanted to and buy Warner Brothers' discovery, but they're not going to. And by the way, the regulators are not going to allow them. Last I heard, the regulators actually are trying to, are suing them for being any competitive overall. I just think. The tough environment in which to go out and make a large acquisition. Well, I think when you look at the value of sports, it just seems to increase every day. I mean, I think that we work, obviously for Comcast, I think that you're going to see numbers for the Olympics that are going to say, "Well, holy cow, I mean, maybe sports are even more important than we thought." That's what I think that candies are a smart guy. And I know he's not going to do anything stupid, but I also know that he loves the NFL. We are going to get Comcast earnings on Thursday. Speaking of some of this, Jim, regarding M&A and regulators, ACI out with the small beat, I think 54 over 51, with an amended divestiture plan on Kroger. Look, this is one I think that they, this is about Costco, Walmart, and Kroger, by the way, has had a huge run here. Is that a great, just a great quarter? Albers is not as clear. David, how often have you seen a situation where Kroger just doesn't need to buy Albers? They'd like to, though. Well, I think that there are issues, but they've got, they have to remember, put that anything spin off with a really well-capitalized, not some sort of competing. Right. I mean, their point is that the divestiture package, and by the way, again, they say they're even improving it, would have created a true competitor, would have been well-capitalized as opposed to some of the deals we've seen in the past, and it's continued fear of antitrust regulators, that you're not creating a real competitor when you do these divestitures. You're right. And then their argument has also been that we don't compete against Albertsons. We compete against, to your point, Walmart and Costco, they are the largest competitors. We would be more able to compete, and more likely to lower prices, or make the experience better for consumers, rather than being on a run. Well, Rodney McMillan has made this point over and over and over again, but just that, by the way, no layoff of union jobs if the president is a union president. But I think that the stock Kroger acts like they can beat Costco and Walmart by themselves, but when you look at the pricing of the, there's like, I don't know, like 25% of Kroger is below these guys, but you're just up against a different crew, and you have to realize that it's up to the antitrust regulators to decide who the real competitors are, and I hope that they're, you know, I think they've done a pretty good job trying to figure it out. Speaking of workforce reductions, Nike cutting about 740 jobs, this worn notice going out in Beaverton, and then the journal piece, Jim, which takes Donahoe to task for not just lack of innovation, but turning their backs, some argue, on the wholesale model in favor of an e-com model that didn't really materialize. If you want to bottom in Nike, it's that piece. That piece was the sum of all fears, Nike, and I genuinely think that Nike's a great company. The stock has been a total loser, and yet they come in now with the negative article. I find that's bottom. You do? Yeah, I do. You're a buyer on the journal trashing them? Yes. Carry it in her story. That's as good an indicator as any. Well, there was nothing in there that I didn't know, but when you put it all together, it sounds like Nike's losses play, right? Well, I'd like to lose my way like Nike. By the way, it made a pretty good sign up the other day. I don't know if you could. Caitlin Clark. Yeah. Yeah. I think it's most important. You had 12 million people watching. Think of the numbers of who watched. I mean, I won a Caitlin Clark show. Can I get a $28 million? Is that the number? Yeah, I had not. Caitlin was 10 figures. How many men will buy this? I bet you're surprising them. The first time that people that were going to happen years ago, it's happening. You don't need men to buy them. You just need women to buy them. She's the most exciting person. But you think that Brunson's more exciting than she is? No, I never said that Brunson was. OK. I rushed my case. But yeah, but it's going to be good when we beat you guys again tonight. We've got to go on that. Yeah, it's tonight. Take a look at the bond market this morning. We're in a bit of a blackout window now ahead of the next decision on May 1. 10-year was still climbing a little bit before the open. Yeah. 4-6-4, as we're still 9-point shy of S&P 5K. Don't go away. Let's get to Jim and stop training. A hilarious piece of this pretty nice little time is about Ken Griffin attacking DJT and the CEO of former Congressman. He says that Donald Trump's media business is a loser. And what's interesting is that if you remember, Ken Griffin got caught up with the GameStop. So here he is going up against another one that's heavily shorted. I guess you can't stay away from controversy. You've got to hand it to him. Newness? No, no. You've got to hand it to Citadel. I mean, Ken Griffin is right there saying, "Look, this thing is basically a joke." I don't know, Davey, kind of a joke. Yeah, listen, it is though a potential nest egg of enormous wealth for Donald Trump himself made the point many times. Right. 70 million shares, another 40 million right behind that, roughly. He's arguing with his partners about whether they eat in the 10% that they own a TMTG is actually theirs or not his, but yeah. The fundamentals for themselves. Citadel, for its part, what a business they have, what a business they have for business. They run very differently than it does, for example, Millennium, which is all separate teams. They have separate teams, but they orchestrate the leverage for each of them and obviously shared data. Wow, he's done an incredible job as well, I mean to say it. Oh, no, he's the best there is, there's no doubt about it. And by the way, mega donor to the public candidates, but favored Nikki Haley. Look, I just think that this is one we have to keep track of because if they are able to break up the lake, the lock up, then suddenly Michigan, Wisconsin, Arizona, the usual states, the seven states, the magnificent seven, there must be one. Boom. I got Barrick Gold on tonight. Gold's down big today. I think a lot of people worry why haven't the gold stocks participated with the price of gold? So let's ask Mark Brister. Indeed, yeah, we're staying the year so far for the yellow metal. Amazing. We'll see you tonight. Thank you. Thank you very much. As we watch the markets here ahead of a busy week, Dows up 66, don't go away. You've been listening to the opening hour of CNBC's Squawk on the Street. All opinions expressed by the Squawk on the Street participants are solely their opinions and do not reflect the opinions of CNBC, NBC Universal, or their parent company or affiliates and may have been previously disseminated by them on television, radio, internet, or another medium. You should not treat any opinion expressed on this podcast as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of an opinion. Such opinions are based upon information, Squawk on the Street participants consider reliable, but neither CNBC nor its affiliates and/or subsidiaries warrant its completeness or accuracy and it should not be relied upon as such. 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