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Automatic TRANSCRIPT

Got the bane of my investing existence assistance with its latest quarterly report. We're going to dip into the full mailbag but we're going to start with the business story of the day and that is the fact that nearly two years after the merger drove T. Mobile and sprint was announced we are. We're not at the finish line but we are one big step closer to this deal being finished. US District Judge ruled in favor of sprints twenty six billion dollar deal to merge with T. mobile and in terms of the stocks shares a T. mobile mobile up about ten percent shares of sprint up. Seventy two percent. Yeah well in seventy two percent from a really low number yes absolutely is the T.. Mobile pop was yeah. That's that's pretty significant and I like it because it shows the market's expectation that this is going to be actually a good thing for both from both companies to merge into one One one of the things. I've found that Kind of unusual is that The claim is that this is going to me job creating from the get-go most mergers like this Our job destroying because you Overlap on a whole bunch of Back Back Office office things for instance and But these guys are saying yeah. We're going to create something like thirty five hundred dollars. I think is the number for the first year and eleven thousand over the next five years. That's pretty cool. Yes absolutely if they can pull that off and it's interesting because it to your point they're trying to strike a balance they're trying to say. Hey we're going to create jobs but they're also saying to Wall Street. We think about six billion dollars in synergies right. It'd be because yes absolutely some of the HR Dr Finance legal some of those jobs. Go Away I I should mention were again. We're not we're not at the final step here. It's still needs to be approved by the California Public Utilities Commission. But as you said I mean you look at the market reaction it seems teams like maybe not. I don't want to jinx it but it seems like this is going to happen I think it will. The states The thirteenth states that were challenging it led by California for New York New York Attorney General said that she still wants to really think about this as she still believes. The judge was wrong but I think and and reading the the Excerpts from the judge's decision it seems that he was pretty on board saying that this is going to be actually better for the industry T mobile He he called him out T.. Mobile has really challenged the comments. At and T. and verizon The companies that CEO John Legere Ledger Ledger ca routinely called dumb and dumber in his notes but He says the judge that has says that In an should be good for the business and we're having a fourth company stood up in in the form of dish network They're being stood up a with a With the use of a T. mobile and sprint's networks for I believe seven years and a whole whole bunch of customers that are going to be transferred over to them to get them up and running a fourth a cell provider competitor. He mentioned John Ledger. Adjourn and one of my favorite. CEO's never fails to entertain. But I think it's you know ledger because of his antics because because of the way he would go after in particular verizon an at and T. and very public ways. I should also mention both stocks down ever so slightly if you're at GMT and your verizon. You're you're not thrilled about this but maybe it it helps a little bit. John Ledger is not going to be the. CEO of the resulting company. Mike seaver is going to get the corner office on this so that was announced. November is not a new thing with this right and if if you like colorful. CEO's while there's a little bit of sadness with this but it's point out that ledger wasn't just amusing and colorful he. He was also a very effective business. Leader did a great job of adding subscribers to the bottom line for T. Mobile. If he wasn't able to do that then he would have. Just been a mouthy. CEO who wasn't backing it up. No he backed it up. No it did and One of the things he did was he got I think he got the company more more energized in in both getting its customers satisfied which for this industry is big hurdle and And getting the employee is more engaged in happy employees happy customers and that leads to better business and the revenue numbers that this company had been growing like crazy. So yeah they've been they've been doing pretty well bill under ledger and hope they continue under a