Transcript
A (0:00)
Hi, I'm Andrew Yang, former presidential candidate and champion of getting more money into the hands of millions of Americans. I want to tell you about our new company, Noble Mobile, which is the first phone carrier that pays you to use your phone less. Did you know Verizon and AT&T paid out $18 billion in dividends to shareholders last year? That's money they make by overcharging you for data. Noble changes all that. You get unlimited everything on the T Mobile network. Plus when you use your phone less, you get up to $20 in cash back each month and we give you a 5 1/2% interest rate on it. Most importantly, Noble members use their phone 17% less each month because, hey, people like money. And as a listener to this show, you can try noble for just $10 if you visit noblemobile.com and use the code yang10. Stop overpaying. For your data, go to noblemobile.com/yang10 and start getting paid to use your phone less today.
B (0:57)
This is Scott Becker with the Becker Private Equity and the Becker Business Podcast. We try to bring you one to two business or market insight episodes a day. Today's discussion is eight quick notes and we hope you find this helpful. First, the markets tanked yesterday. The Nasdaq and The S&P 500 dropped each by more than 2%. The S&P was down 2.06%. The Nasdaq was down 2.4%. I didn't want to look at the portfolio this a.m. and basically won't until I have to. The market drop was driven by the President out at Europe and threatened to escalate the trade war. This stem part discussions and talks regarding Greenland. Again, it's a little hard to follow everything that's going on, but just fascinating to see what is happening in the reaction of the markets and so forth. Third, private equity behemoth took it on the chin. Private equity giant KKR dropped 6.48% yesterday. It's down about 22% over the last year. The PE funds are just having a very hard time getting high value exits. This remains a challenge. Fourth, a healthcare company beat estimates. One of the big ones. Johnson and Johnson topped estimates for revenues and earnings and also put forth a very solid forecast for 2026. That was good news. Two of the stocks that got crushed yesterday dropped more than 9%. StubHub and CBIZ. Fascinating to watch the ups and downs of subhub over the last couple years. Cbiz? I don't follow that closely. Sixth, five more of the stocks that get crushed yesterday. Microstrategy now called strategy this and some of these are big names. That's why we're discussing these all dropped by more than 7% yesterday. Dell Technologies, Norwegian Cruise Lines, Circlenet and Pentagon, you know, broad cross stretch of docks got crushed yesterday when the markets were market lost 7th. The markets are rebounding a little bit today based on they're not up as much as they were this morning based on the President saying he's ruled out any sort of force to take over Greenland. And I mean, thank God, I don't mind all this regime change, all these other things, but the US using force to go after people that aren't traditional enemies is something I'm not a fan of. But so that was the benefit today in the markets. We'll see how this ends today. But at least so far today up at least two thirds of a point or two as a percentage and so forth. Finally, we'll discuss for a second a non business topic, but it's this topic of regime change in Venezuela and Iran. Many of us, whether on the left or right, would be happy with regime change, but you have to remember that regime change is the easy part. The real problem is that when there's a vacuum in these countries, something will fill that vacuum. And certainly the United States doesn't have capacity to fill all these vacuums. So yes, I am not against regime change in Iran or Venezuela at all. But just to recognize that's the easier part of the job. The harder part is finding long term stability. And you almost need a modern day Marshall Plan to try and do that. And even with doing that, it's very hard to find it. In any event, thank you so much for listening to the Becker Private Equity the Becker Business podcast. Thank you very, very much.