5 Episode results for "Ceo Ginny Rometty"
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09/24/19 The Workplace of the Future; Ethics Questions Answered; Risk of Automation
"Welcome to the Peggy smelling show the podcasting voice of Iot and digital transformation nation with your host at Smedley hello and welcome to today's edition of the Peggy Smedley show. I'm your are host. Peggy Smedley as we've discussed so far in this month and on the show artificial intelligence and other technologies are going to have a transformative impact on the future of industries from healthcare to customer service manufacturing ambience and in fact it's safe to say that there will be no more business as usual as AI and other iot technologies change operations and fuelled data driven in decision making because change will change change will change and workers will change all as a result of ah so for the first segment. I'm going to talk more about how. Ai Is creating change their by painting a picture of what the future sure may look like in an AI data driven kind of world so let's kind of think all about that because there's a lot to talk about today so later on the show. I'm going to be also talking about the aspects of ai today so think about that. There's a lot to talk about there as well. Nedim wrap wrap up the show with Derek Miller. Who's the senior research analyst of lending tree and magnify money so let's get started and Kinda? Hold onto your seats each get that cup of coffee because we're going to sit back because there's a lot to ponder and a lot to think about all in general when we think about how. Ai is changing changing our world today so as I touched on I think a couple of weeks ago a is going to impact industries like healthcare healthcare's really interesting one because it's going to be able to read scans and I think identify problems enable remote monitoring provide virtual health coaches improve the development of pharmaceutical drugs and in fact. I had a conversation with great guy who actually said we're moving away from this world. Love connected devices to think about the expression of connected services. I love that idea because I think that's so very true. When we think about the way our world is evolving so is going to enable driverless vehicles power chat bots and new types of customer services and help farmers and growers make complex decisions and about craps about all the things that we're doing so it can give marketing companies company's key data about how an advertisement is performing in the real world and a I can also help retailer serve their customers better better through data driven product placement and promotion creation so also enhancing product design so you think about all these things we're talking about. It's automating manufacturing processes and it's being used in several capacities to keep human safe both physically and I think even digitally is helping companies fight insurance fraud now. Here's a side note. I want you to think about this. So have you heard the joke about the insurance company of the future in it kind of goes like this. The Future Insurance Company has just three employees has computer a dog an actuary. The computer does all the work. The actuary feeds the dog and the Doug actually guards the computer to make sure the actuary doesn't touch well think about it. Is that the future so it's very possible astle that will be the driver of almost all insurance decisions in a decade by flagging unusual patterns can also also fight fraud saving agents time by eliminating the need for manual screening of claims and ultimately lowering premiums. Liam's for everyone and this leads me nicely I think to my next point is changing the nature of work now. What have we been talking about for weeks and weeks now imagine being able to rely on artificial intelligence to have a conversation real time with someone speaking a different language. It's all very possible promises virtual assistants fewer human errors and the elimination of repetitive tasks which will free riach enormous amounts of time and more creative and fulfilling tasks price p. WC Pricewaterhouse Coopers estimates am could contribute fifteen point seven trillion to the global economy by twenty thirty boosting the GDP by up to twenty six percent initial GDP gains will be from Labor productivity improvement as a result of a and automation and almost half forty five percent of these economic gains will come from product enhancement stimulating consumer demands. P WC says I will also impact act a future of work by changing the hiring process and helping customers and companies actually retain all of their employees so IBM's uh-huh retention tool for example uses to predict employ flight risk and helps managers engaged these employees before they actually jump jumped ship. Now think about that so it's a new approach to hr and it's one that's going to be normal Sunday. It's going to be the norm not the unusual. It's going to be what we use every day. So I've already mentioned a lot of changes. I see happening so how is all of this change going to affect the future of work and future workers. I B O C. Ibm. I should say CEO Ginny Rometty told CNBC in an interview earlier this here which I found really interesting and I want to share with you right now that she believes ai will change a hundred percent now. That's where I'm saying a hundred percent of jobs jobs within the next five to ten years. That's right around the corner if you think about it and I have to kind of agree with her when you look at what we're talking talking about because let's look at how all this is going to happen. Oxford and Yale researchers in a paper published last year came to some really interesting interesting conclusions the researchers predict. Ai will outperform humans many activities in the next decade and here are some of the examples they say I I will. I will outperform humans in language translation by twenty twenty four writing highschool essays by Twenty Twenty Six driving a truck by twenty twenty seven working in retail by twenty thirty one writing a bestselling book by twenty forty nine all of us riders are freaking out by that and working working as a surgeon by twenty fifty three think about that researchers also believe there is a fifty percent chance of AI performing in humans and all tasks in forty five years and fifty percent chance of automating all human jobs in one hundred and twenty years wchs whether it takes fifty years or one hundred years we're on this path and there's no going back and we need to understand it. We need to embrace it. So so how will all of us workers actually adapt to it. It's a question we've already touched on. I think all this month but when I talked to the current generation integration of future generation how the workers of the future feel the most valued human skills have changed drastically over time and they're about to change range against here's my opinion on this for the day and I think how all of us need to be thinking about it and we're going to talk more about the ethics of Ai in the next segment. I'm going to really embrace it because I've done a lot of research on this. I want to talk to you about it. Future workers are going to embrace disruptive ways of thinking thing compared to previous generations because they will have been kind of trained up I think in an era of great disruption and change they get it so they're going to be digital natives and they're going to look to data to help them make better business decisions. They get it already ready thinking it and they're going to work less and be more productive and this will be as a result of things like automation and the decentralisation of work so I think that's an interesting point. We need to embrace and I think we need to understand that because that's what I think these younger generations get versus. This is my generation so here's my tip for everyone listening. Keep the future of business and the future of work in the future of worker in in mind as you create business strategies plan technology deployments. If you're thinking about the future workplace now you'll be a leader and not a follower and that's the key point because if you're panicking what are your follower. You're not a leader you have to be thinking about embracing in using using all of this great positive disruption and digital transformation for thinking up for thinking forward for being more productive active and using automation as a way of moving ahead instead of thinking about how to wait and and thinking about how it's displacing displacing about how it's improving how you can actually leverage these tools to be more productive and create more of those business strategies that I'm talking talking about and I think those are the really important things that really great leaders understand and that's why we are seeing all these really great digital. It'll natives understanding what they have to do and I think that's the power of technology and I think that's the power of artificial intelligence and I think what we'll see as machine learning learning really takes a greater role in all of this and I think that's what we're seeing an embracing in this disruptive ways of thinking compared to all of our previous generations and that's what makes it all exciting and I think that's what we're talking about and that's what we've been talking about in the future of work all almost long and I think that's what we've been sharing with. You and I think that's what's really exciting now. As always I want you to share your thoughts. We're GONNA take a quick break and while we're taking a break I want you to tweet at me because we're going to really talk about the act of Ai because there are a lot of things right now that when we talk talk about artificial intelligence we have to address that as well so I want you to share your thoughts with me. Ed Connected W MAG. I want you to go up to our website. If you haven't read article on Connected World Dot Com please do that because we share a lot of great thoughts about the future where her and what's going on but we've got. We've interviewed some great gases. They've here things takes badly. Show Dot Com sorry could get a cup of coffee this special show the podcasting voice of Iot and digital transformation. Remember with great technology. She comes great responsibility. We'll be right back after this Mishra break. The I O T is here I on machine. Learning are touching on and they are all changing our world. Now what's next next. How will you be impacted. Let the Peggy's medley show keep you up to date and looking ahead for your business tune in every Tuesday at noon. Central Time at Peggy smelly showed dot com too much to do not enough time to get it done. Call on the experts at another eight hours for your business support needs by partnering with another eight hours. We allow you to focus on the more important matters like being in front of your clients doing what you do best rather than being stuck at a desk poring over paperwork rummaging through emails returning phone calls and struggling to get everything done by yourself. Meanwhile your family and social life going down the drain go to another eight hours dot com or call eight more hours thath eight six six seven three four six eight seven seven construct tech TV. Your fierce advocates for construction construct. TV veep digs into infrastructure drills into global economic conditions it is changing the talent gap narrative adopting a new vision and a voice to the new skilled worker and construction all with the help of technology construct TV everything you need for infrastructure labor and technology gene like share and subscribed to construct tech TV at YouTube dot com forward slash construct tech TV high-skill listener this David Finkel Co host with Jeff hopping of scale your business. I wanted to let you know that our newest book scale which just released and to encourage urge you to get your copy. The book will give you seven proven principles to grow your business. Get Your Life Back. Scale will help you work less by getting your business it to produce more get your copy online or at your local bookseller for more information visit US online at scale your business toolkit dot com. Can you imagine a world without children. 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Amazon Reports Stable Profits Despite Higher Costs
"This briefing is sponsored by Deloitte business process with less process. See what's possible when data and automation come together to help reinvent workflows visit Deloitte dot com slash. US slash only see possible. This is your Tech News news briefing for Friday January thirty first. I'm Qatari Yoga from the newsroom. Of The Wall Street Journal in New York Amazon has been stepping up. Its game when it comes to same day and one one day shipping but did it pay off. The company reported its fourth-quarter earnings on Thursday reporter. Sebastian Herrera will join us to tell us what we learned but first let's check some headlines IBM announced on Thursday that CEO Ginny Rometty stepping down. She'll be retiring after a tough eight year. Run at the top of the iconic tech company during that time she struggled to deliver growth when other tech companies were growing exponentially remedy will be replaced by Arvind Krishna. He's head of the company's cloud and cognitive software division. She'll be formerly stepping down on April sixth but Rometty will serve as chair of the board through the end of the year the Federal Trade Commission but Nineteen Internet based phone companies on notice on Thursday for assisting and facilitating Robo calls the crackdown. Knock down the latest in a series of increasingly aggressive actions from the FTC to stop the millions of illegal calls ringing phones across the country. A A KIA has joined the a small group of Companies Putting Privacy Front and center. The Swedish home store said it's giving consumers broad controls over the way it collects and uses their data. Shoppers will now be able to decide. If the company can use their eyecare browsing history purchases and preferences to recommend products in its APP customers will also be able to do do things like browse and incognito mode and limit how long I can keep their data and twitter is rolling out a new feature. The Social Media Company said earlier this week. It's giving users. The ability to flag tweets that contain misleading information about voting in the two thousand twenty presidential election. Wants a tweet is flagged. Twitter will review view it and take it down if it does contain false information the feature is supposed to stop bad actors. Who might try to use false information to suppress voter turnout twitter? Says they've already used it. During elections last year in India and several European countries next up Amazon reported its fourth-quarter earnings on Thursday night order. Sebastian Herrera will break down what you need to know. That's after the break. This briefing is sponsored by Deloitte on. podcasts you hear a lot about what's possible but one thing is certain. No business or city achieves their possible alone that's why deloitte collaborates with vast ecosystem of alliances in everything nothing from systems hardware to cloud platforms data migration to analytics collaboration. It's one key way to turn possible possible into actual learn more at Deloitte dot com slash. US slash only see possible Amazon reported its fourth-quarter earnings on Thursday. Fourth quarter is a pretty busy time for the company obviously obviously a Tober through December is peak holiday. Shopping season and Amazon has been working really hard to edge out its competitors with pretty aggressive one day and even same day shipping options. Those fast deliveries may have been free for prime members. But they come at a pretty steep cost for Amazon's so the question is did their bed payoff and what about their other other business ventures reporters. Sebastian Harare is here to break down their reports Vazian. Thanks so much for joining US second time this week. Yeah yeah become a regular thing all right so big picture. Did Amazon meet expectations. They actually exceeded expectations. So that's why their stock jumped twelve percent after after the market closed basically They be away analyst exposing on profit and on Revenue they had eighty seven point. Four billion in revenue and their profit was three point. Three billion both of those numbers especially on the Prophet and exceeded would was expected. So they were able to show that they really been able to stabilize the prophets. Let's talk about the shipping options. People were really concerned out ahead of time because Amazon APP and a lot of emphasis on those one day and same-day delivery is What was the concern there? And and how are they balancing that off. So there was some concern from investors short-term that putting so much into one day delivery costs which goes everything into workforce to Lease more airplanes to having more vehicles. That all these things cost they do. They've been SEEING COSTCO COSTCO by forty percent every quarter pretty regularly and so there's some concern there that basically is worth a long-term and Amazon table to do and say is well. Was it worth a long-term when we offered to shipping and the answer to that was yes so they're being on the same thing but with one day delivery that even though there's GonNa spend more that it's GonNa mean customers are going to be appier. They're going to sign up more for prime memberships and that revenue will just keep going up and then eventually those costs will stabilize. I everything basically will work out and so in this fourth quarter they were able to show show that you know. They had record holiday sales despite cost going up and so they were able to start proving to investors as is going to be okay. At least. That's what they showed in this quarter. Most of us think of Amazon is an e commerce site. I but that's not the main driver of its revenue right now. Let's talk about it's online advertising business. This is a sector dominated by Google. How did Amazon perform there in the last quarter so advertising besides aws cloud business is their main growth center Because retail at the end of day is a pretty tight margin business loose so they did well again in advertising. That went up four point eight billion in sales which is a forty one percent increase. That's pretty much what's been happening. As of late they keep gaining market share from Google on online advertisement And that again continued. And that's really helping to stabilize the cost that they're they're seeing. I'm really drive. Revenues and stabilize Prophet. So that all in all was was a win for them as well you mentioned. Aws this this is Amazon web services. I think this is really one of the areas that consumers know very little about But it's it is a major part of Amazon's Azzam's revenue. Let's talk about that. What can you tell us about Amazon? Web Services so Amazon Web Services is actually the main profit center for Amazon's everybody thinks Amazon is is like Amazon Dot Com. But they had this huge cloud business. Where a lot of companies throughout the world pay Amazon to to run their web services that has continued to grow really fast? It's slow down a little bit in recent quarters because they are seeing more competition from Microsoft there has been a little bit of investor concern about that competition but when you compare it to just how fast it's growing. It's so grows really fast. I I every quarter and still the biggest cloud services division of anywhere like they still dominate the market. So I think investors were happy to see that even though the growth slowed a little bit that it that slowdown was less than in previous quarters. And it's still growing really fast and so I think there's still a lot of investor. Sure confidence there for the long term future of aws we talked yesterday about Microsoft's earnings and cloud computing was really the they grew in. They beat out. AWS for that ten billion dollar defense contract with the Pentagon. How concerned are they about contracts like that and what kind of impact would that have there? It was a lot of worry. Initially when they lost on that contract that is worth up to ten billion dollars Think Amazon has been able to show especially in this. Recent quarter is that they still have a lot of customers. There's you know. A lot of companies are still invest in their web services and they're kind of tied to aws Even Microsoft has caught up a bit. They're still the biggest in the business. And so yeah and also. They're fighting that decision by the government to award that contract so they they feel like it's still their territory and their you know fighting hard to keep it and with this showed again in this quarter there. You Fast Graham Business and there's a lot of room to even continue growing. We've talked on this podcast a lot about Amazon streaming ambitions CEO The of. Jeff bezos has a attempted to woo some huge developing markets like India. So what's next for Amazon. What are they looking forward to two now in two thousand twenty? They talked a lot on their earnings call about continuing their one day. Delivery initiatives of they're trying to grow that out to just more markets Two more items right now. It's available in more than ten million items. They WANNA keep growing that to the level that to shipping is which is more than one hundred million million items so they focused on that. They focused on continuing to grow a WS Lately they've also extended some benefits for grocery they dropped The Amazon fresh price to do that and they said on the earnings call grocery delivery doubled between the Q.. Four in in two thousand eighteen in Q.. Four twenty nineteen so. I think they're just focused on. Continue to do what they've been doing. which is let's give more benefits to our prime members and if we do that then we'll continue to see more people sign up or stay? They actually noted for the first time since two thousand eighteen. What their prime membership? It is a swing twenty eight thousand eight for the first time ever. They said that it's more than one hundred million. That was the first time they'd ever disclosed that. And this earnings. They said that numbers now more than one hundred fifty million So that's grown pretty substantially and just A couple of years so they're I think they're focused on why they invest is is is to keep their prime members because that really is what drives their customer loyalty and primers are known to buy more things than than the shoppers that are just going onto the website that are a prime members of the. You know the pretty focused on that. So keeping that subscription based high and growing it to give them more and more services and keep them keep them shopping basically you have for sure Alright Sebastian. Harare thank you so much for joining us. Thank you and that was your tech news briefing. You don't forget if you like this podcast. You can rate and review us in your APP store and if you want more news about Wall Street Journal podcast you can follow us on twitter at WSJ. PODCAST CAST techniques. Breathing is produced by Amanda Llewellyn. I'm your host Qatari Ogm. Thanks for listening.
Closing Bell Brief for Thursday, January 30th
"What lies ahead for our planet find out on an extraordinary trip with the Wall Street Journal and National Geographic Expeditions. Book now at Nat. GO EXPEDITIONS ADDITIONS DOT COM SLASH WSJ or call. Eight eight eight two five five six two one. Here's your closing bell brief for Thursday. January January thirtieth. I'm Jay Waylon in the newsroom of the Wall Street Journal in New York. The Dow Jones industrials rose one hundred. Twenty four points closing at twenty eight thousand eight eight fifty nine the S. and P.. Five hundred finished up ten points and the Nasdaq closed up about twenty four. Although stocks finished in positive territory they spent much of the afternoon in the red shares of companies with a big presence in China declined as concerns spread about the intensifying corona virus outbreak shares of Royal Caribbean cruises fell nearly two percent starbucks. which has temporarily closed more than half its stores in? China fell one and a half percent after the market closed. IBM said the president and CEO. Ginny Rometty will step down but continuous board. Chairwoman Arvind Krishna. Big Blue's senior vice president for cloud and cognitive software will take the CEO. A Post Tesla shares gained ten percent after the electric car maker exceeded wall. Street's estimates for fourth quarter profits the company also projected it will increase vehicle sales by more than a third this year an Amazon announced. Its fourth. Quarter profits rose. Eight percent a sharp turnaround from the third quarter when profits fell more than twenty five five percent Amazon. Now has one hundred fifty million members worldwide for its prime one day shipping service. The company says shipping costs for prime. Have begun to stabilize stabilize. We have more details on today's market activity and market analysis at wsj.com and the W._S._J. APP.
Earnings-palooza: Welcome to Club Trillion!
"Everybody money that's why they call it money from pool global headquarters this motley fool money. It's the money money money radio show. I'm Chris Sale joining me in studio this week. Senior analyst Jason Measure and Cross and Ron Gross CONC- was always gentlemen earnings Palooza. We have so many earning stories stories. We don't even have a guest. Sorry Ron but as always we do have a few stocks on our radar. We're going to begin with Amazon getting back into club club. Trillion Amazon's fourth quarter profits blew away Wall Street's expectations on Friday Amazon stock had best day in over a year pushing the company company over the trillion dollar market Cap Jason. Yeah I mean a very impressive holiday quarter not surprising. We certainly sit here and riff on concerns regarding shipping and costs. It's as bears to do. We are not going to do that though Chris because they think they they are valid concerns but take a back seat to all of the positives that the company continues to bring in. You know we talk a lot about Amazon web services in the importance of that side of the business in just so that listeners. UNDERSTAND WHY WE HARP on that every quarter if if you look at the actual quarter's results Amazon's North American segment generated one point nine billion dollars and operating profit on fifty three point seven billion dollars in sales the AWS segment generated two point six billion dollars operating profit on just ten billion dollars in sales. So you can see how profitable that side of the businesses. Why it's so important in in why we continue to focus on it? There's a really great results now not gonna be nothing but but roses here because we we can certainly flip it over and look at their operate margin there was down more than three percentage points from a year ago and that is investing into that to that infrastructure that makes perfect sense but they continue to grow the customer customer base their Fascinating to see that they now have more than one hundred and fifty million paid prime members now globally and that really is yes. That's what we've been talking about for so many years right. That's that pot of gold at the end of the rainbow. You just keep growing that membership base and they can do all sorts of things with his business in international is coming coming along that will click in the profitability At some point down the road but given the success in North America in aws rocking to worry about that too much right now. Aws clearly lead the market leader. I love this company I love the stock's performance I don't think. AWS increases market share. Going forward though I think competition is there and if anything they'RE GONNA lose market share so just something to keep an eye on. I think it's a fair point especially given what we've seen with Microsoft results. We'll talk about those later Alphabet obviously a very strong competitors faces worn. IBM coming up on the outside. You talk about them. And it's nice to see him back above the one trillion dollar mark. I feel like we're missing. Something when they get back below that now we have those those big behemoth in there too but what. I'm really interested in with Amazon. Continues to be watching the advertising business takeoff they are probably now the third largest one when it comes to compete against facebook and Google are still the the big giants but this new volving opportunity for for Amazon. They're continuing to grow that business. It's one of the fastest asser growing businesses. I think based on what some analysts are saying. That's real exciting evolution of the Amazon Com ecosystem. I think it'll be a nice growth angle for them. Going forward if Amazon did not have the quarter it did. We would probably be leaving the show with apple because all apple did in its first quarter was sell fifty-six billion dollars worth of phones pushing apple stock to another all time high end. That's an awesome number Chris. It was up seven point six percent and that was real. It's really nice to see because there's been a lot of concerns about the about the iphone business and and the sales and will that continue to be a growth angle for the business and clearly. This quarter was a really nice one especially she When thinking about where they were a year ago when the iphone sales were just kind of struggling so iphone continuing to be a really nice part of the business a big driver of why they now have one and a half billion apple devices in circulation? That was up seven percent from a year ago. wearables home accessories. Continue to be a really nice growth part of the Apple Story That's now Ten billion that's was up thirty seven percent in the quarters has a really nice area and can't forget about services to you. Think about APP store arcade. I cloud that was up seventeen percent in the quarter so apple really getting it done across all the divisions my family I purchased four or pairs of air pods in January. And that's because they're each thirty dollars off and I'm wondering is a are. They being forced to be promotional because things are not selling as as they would like at full price or are they cleaning inventory because there's next generations that have come online. Have they said anything about pricing. I didn't see that they're the wearables business. Just by itself was forty four percent so you contributed to that last year order so I didn't see any kind of conversation around that I think the wearables is really an exciting part of where that businesses going. The MAC in the IPAD. Continue to struggle on those continue not to be as the the growth angles to it. So it's really really pushing to those other devices as well as the services section. I mean I think you're seeing also with apple I mean especially in the wearables. They're tinkering with pricing a little bit because they're still relatively we new markets. We've certainly seen all the watch. I mean that that prices come down considerably over earlier versions in air pods. Maybe see right which you would imagine. I mean apple. Apple has been a little bit little bit insulated from that because of that that brand cachet and their pricing power. But Yeah I mean they've they've even had to the pricing on the phone right. I mean you can't price those things to the moon it at some point consumer start pushing back a little bit. Maybe there are running into a little bit of that. I will say their gross margin for the products. I was up a little bit To thirty four point two percent that was up slightly from me. Nice Nice growth in the gross margins on Microsoft's second quarter profits came in much higher than expected. Maybe not fifty six billion. But Ron can I interest you. Thirty seven billion dollars in revenue in the quarter and one point three trillion and market cap. I love this report. Both revenue and expectations profit expectations. -TATIONS revenue fourteen percent at the ten th straight quarter of double digit sales growth. As you're up sixty two percent as we talk about that. Aws Market share sure being pressured Microsoft coming on strong office three sixty five sales a twenty-seven percent that sells to businesses Personal computing as you. You might expect a little lackluster. That's the window surface and xbox business only up two percent but still up what was really nice to see. Is that cloud gross margin as that business scales does the gross margin increases and and that really brings dollars down to the bottom line so you saw operating income for the entire company up thirty five percent and earnings per share up forty percent. These are phenomenal. Growth rates that this company is putting up returned eight point five billion dollars to shareholders and Cherry purchases and dividends companies continuing to really execute under SACHIN. Adela when you look at what Microsoft and apple have done over the past year in terms of their stock performance. It really flies in the face of something we've been told over and over for years about sort of the the law of big numbers and I'm wondering to what what extent you surprised. By the fact that Microsoft is up sixty percent in the past year very surprised I would say when they hit a trillion. I'm like well. They're not going to get to two trillion anytime soon. And how long is a third of the way there for you. It's unbelievable the numbers and and how these numbers compound the billions of dollars of cash flow generation. Agent is so impressive and I'd love to see stocks go up on billions of dollars of cash flow generation rather than seeing stocks. Go up when they're not even profitable apple also. The stock was a lot of multiple multiple expansion. Really cheap like eighteen months ago. Microsoft has been executing on the earnings side not just the revenue side on the earnings size. So now we're starting to see a little bit of that. Come from apple but most of the stock was really multiple expansion of the past eighteen months now around thirty times forward earnings from Microsoft not cheap but if they continue to put up earnings per share numbers of forty forty percent increases maybe reasonable. They're picking up that share and in cloud like you're talking about Azure of the. It's very sticky right. The switching costs with that kind of stuff. They they get get higher as those relationships continue which is I think? You can't discount that when you look at these companies like alphabet and Google Apple and Microsoft. I mean they're just really is is a lot of opportunity there beyond what they grow those businesses on to this point well not every big tech company had a good week facebook shares down despite the fact that fourth quarter the profits and revenue both came in higher than expected. Jason as Mark Zuckerberg has said for a couple of years. Now they are actually spending a lot more money they are I mean they. May they have ninety nine problems. But I'll tell you Chris one they're closing three billion using one of their four big platforms on a monthly basis in two point. Three billion daily. Aley now I mean they can't monetize what's APP and that we could sit here and make fun of them for that and criticize them for that but ultimately it doesn't matter because that let's stop. That deal was mostly stock anyway. So ultimately really shareholders paid for not facebook. The stock is up one hundred eighty percent over the last five years so it just. It doesn't really matter what we're seeing that the core business the core facebook platform is still performing very well and I know there are concerns out there regarding the family average revenue per user being lower than the core app average revenue per user again. I just don't think that matters as much because you have to look beyond. I think the person to person connections on facebook think about the businesses that relying on facebook platform to get out there and grow their one hundred and forty million small businesses that use facebook today they are inextricably tied to facebook and the longer they use the more dependent they become on it now. It's not to say facebook's the only game in town yeah. This is L. Y.. Go shop by that. Are Changing the ECOMMERCE space on their own But I think that facebook is going to continue to be an important part of the value chain for the foreseeable future. I mean I'm not the biggest fan of leadership there. I think they can do things a lot better her. But the business is still ron final cylinders and even the expenses are are bumping up a little bit. That's still okay. Business can can handle it and I talked about the advertising business earlier with Amazon. The Advertising Impressions Ads facebook serves up continues to grow. I think it was up more than thirty percent. During the quarter. The average price price per at that ad was down a little bit so maybe some pricing pressure from some of the competitive players in the space and no surprise idealism portal earlier in the -Tario yet you you know so growth is slowing. They've been up front about that. Expenses are increasing. They've been upfront about that. So then that just says what he paid for the stock then that's still generates billions and billions and billions of cash flow. It's only twenty two twenty three times forward earnings for a company like facebook. So you're not paying these fifty sixty times multiple so even for a company WHO's is a little bit more mature that still might be a fine price to pay and you said billions me. It was fifteen or sixteen billion dollars of free cash flow per year the generate Jason. Real quick Where are we with libra? Because it seems like facebook's initiative into the payment space really as had not just a bit of a stumble it had several roll stumbles in terms of sort of high profile partners backing out. It's the old Bob Ui. Yeah I think To me I mean I've been a critic of Lieber ever since they announced it. I think they need to bag it. I think it's something that is taking away from the attention. They should be paying on the core platform privacy users making their platforms safer more engaging To Me Libra is. I still just don't understand why they fully want to pursue it but clearly all these money money's probably it certainly doesn't sound like they figured out how to make money with it I in it certainly seems that partners who once considered it are dropping Left and right to so coming up earnings PALOOZA rolls on so stay right here. You're listening to Motley. Fool money on it Gosh Welcome back to Monte Cristo Hearing Studio Jason Moser Andy Cross run gross shares of Tesla up eighteen percent this week after fourth quarter profits and revenue came in higher than expected. And and you look at this stock for a few years. Tesla's shares really weren't moving one way or the other since late August it's tripled if there's a person who's had a better few months an Eli in Moscow. I'm not sure if I know who that is. Now over a Tesla's now how worth more than one hundred billion market cap stocks up Gosh one hundred. Sixty seven percent of the last few months great quarter continuing on building on. What what we've seen over the last quarter to really ever since that slowdown like you say Chris in the summer deliveries for the fourth quarter? Were up at one hundred twelve thousands up around twenty twenty twenty five percent but for the full year thirty three hundred and sixty eight thousand deliveries. And that's up fifty percents Really the model three continues to To be the growth there of the thing that I found really encouraging with Tesla continued to be how the enthusiasm around guiding for going forward for twenty twenty deliveries as they said comfortably exceed five hundred. Thousand it's a little higher than what analysts estimating so you look at the stock. It's had this fantastic performance after really the two two thousand and nineteen like you said Chris. The first half three quarters of the year really struggled just after a lot of some of the situation almost circus around Elon. Musk that now seems to be a lot behind them. I think they become a real company that can show that it can manufacture some cars. The stock has had had this amazing Ron and it is awfully expensive when you look at what. Investors are expecting But they've been able to show any law must've been able to show that they can deliver you. I'm I'M NOT GONNA justify the Stock Valuation. Today it's make of it what you will but it does seem like there's a direct correlation to musk's twitter behavior and how this this company what is being received. I mean it seems simple tweet. Less stock price goes up and just keep doing that. And so I I think if he can just keep focused in stay. Stay off twitter more. That's probably probably a good thing. And they got some. They just got some operational improvements. They've seen over in the business and in the personnel and you see a lot of the other stories we were talking about so much in two thousand nineteen really after they introduced the truck in that whole situation but that that truck by the way has had a really great reception. So you've just seen them come come up and grow into their own Durham selves as one hundred billion dollar business. WHO's interesting on the conference? Call how you had some institutional investors essentially encouraging Elon. Musk to go out and raise money saying look. Look how your stock is doing. Now's the time to raise money. But he basically said No. We're good. We're good he say we're good to profitability ability and free cash flow improving So he is looking at the businesses we at this point. We don't need to raise capital. The headline for visas. First quarter report was a record. It's three and a quarter billion dollars in profit but shares a visa down four percent on Friday despite that Jason Nitpicking. You tell me you know this company better than the idea but it really seems like they're doing well. Oh I absolutely think it's picking I think we're in the face of a very hot market so I mean even good sometimes isn't good enough enough but when you look at the numbers I mean you can tell. This was another good quarter for the first time. In the company's history total network volume for the quarter was over three trillion dollars cross-border volume Liam rose nine percent the process nearly thirty eight billion total transactions. That was up eleven percent E- crawl e commerce grew Three to four times faster after the non ECOMMERCE which I thought was pretty interesting. That drove a third of all consumers spent so that mattered To me this business is just doing everything. It needs to due to keep being successful. Maybe there's a little skepticism out there regarding the platte acquisition. They did pay up for that. We got a little bit of clarity into plaid. They didn't really go into too early on the call all but they did talk about plaid's revenue model that it is a usage based model so again if they can figure out how to plug this into visas network and execute this could be meaningful for their business down the line. I mean this is steady as she goes if you own keep them and if you don't own them you should have this company on your radar and talk on the call about their marketing spend. It's a Year for the Summer Olympics and historically they spend more on those years historically they do now I did not notice that I'll have to go back down but I suspect they will be bumping that up a little bit for these these these big events these these big companies realized benefits in doing that. Here's a business. We haven't talked about in a while. Colgate palmolive shares of the Consumer Products Company. Up six x percent on Friday after fourth quarter sales came in higher than expected. How much toothpaste and soap? Selling a decent amount investors must. Let's be focused on the top line because prophets were Kinda Blah. But it's the five point. Five percent increase in sales. I think that's got people. People go in a global unit volume up also five and and a half percent pricing increased one and a half percent so that helped and then there was the negative of foreign exchange which deducted about one point five percent. That all boils down to a very healthy healthy top line growth rate for a company as mature as Colgate the acquisition the recent acquisition of a skin health business contributed to percents to net sales and unit volume Elian growth. So a little bit of non organic growth there but organic sales just on its own was up. Five percent. Really Nice. To See. Sales growth was broad-based every operating division. vijn contributed to growth gross margins or up but operating expenses were higher because advertising spend was up about thirteen percent and that's why prophets Kinda just blood zero out to down a bit depending on what you strip out non-recurring I know it's not a package. Food company like Kraft Heinz but I feel like anytime a large business in the consumer goods space. It does well. Warren Buffett just dies. A little bit just regrets that it's been a tough road for a lot of these companies but a lot of rebounded as well not to get overly personal but colgate toothpaste of choice. I use the sensitizing and to be honest. I don't know who owns that. I can't imagine they're standalone. Komo Crest Guy. Tom's of Maine Guy. Oh well colgate-palmolive there you go. Thanks for supporting my home state. I should support them. But I'm talking guy up next. It is the food and beverage portion of earnings PALOOZA. Stay right here. You're listening to Motley fool. Money as always people on the program may have interest in the stocks they talk about in the Motley fool may have formal recommendations for against Saddam. Buy or sell stocks based Soley on. What you here? Welcome back Motley. Fool Money Chris Hill here in studio with Jason Moser Andy Cross and Ron Gross McCormack's fourth quarter results were too bland for Wall Street. The spice maker also served up guidance. For Twenty Twenty that was on the mild side that ends the Pun portion of the show shares McCormack down four percent this reaches. Well we don't have to end the puns. They're a really really good Jambalaya recipe and I got the the McCormick Cajun seasoning and that stuff is spicy and delicious. So with that said Yeah. It wasn't the sexiest quarter in the world. But it's not the sexiest business in the world. Either right they just keep on doing what they do in. This was one of those steady as she goes quarters. The stock has had a great last twelve months up over thirty five percent. So seeing a little bit of a pullback on these results isn't surprising. Sales grew two percent earnings. Were down a little bit. Part of that was due to some some tax issues but the thirty fourth consecutive year with a dividend increased. He's full year operating cash flow of nine hundred. Forty seven million dollars up fifteen percent in gross margin actually expanded a little bit more than one percent for the quarter In eight percent of sales in two thousand nineteen came from new products launched over the last three or so. I know we talk about innovation intact but these guys no kidding really. They are are pretty innovative. I mean having seen their spice lab. It's like something out of a James Bond movie management continues to consider. Acquisitions is a little bolt on or substantial deals but they don't see anything in the pipeline blind right now So we'll we'll keep an eye on that for the year but but I suspect it's going to be just The same old same old for the rest of the year for this company. And that's not a bad thing for investors. I'm probably going to focus on the wrong thing here. But when you say it's like a James Bond lab are you talking about like Q.. Like they have my six like the good guys or like an evil layer kind of lab. Well I didn't see the evil side of it so I'm focusing only on the good stuff but it was just really impressive to see now. I will say a little bit CIS right. They're air keeping some of that stuff under wraps. They wouldn't let us know some of the things they were working on but what we saw. I was really impressed. Shares of starbucks down a bit this week despite the fact that first quarter profits offers came in higher than expected and global comps for starbucks. Look pretty good to really Nice quarter for starbucks. Unfortunately the corona virus situation over in China's Kenya Kenya lots of the headlines and there were a lot of questions on the call about this. They have about forty three hundred stores in China that was up sixteen percent for the quarter but they announced the close rose more than half of them During this time now some of that was because of the China New Year but obviously the corona virus situation in China the quickly evolving situation that they are watching very closely is affecting investor sentiment but the quarter was really nice. Revenues were up seven percent U. S. nine percent driven by that com- growth. Chris as you mentioned up six percent three percent from the pricing and two percent on the volume side around you in about their China three percent on the COMP growth so really starbucks continuing to do really well driving their mobile business driving their mobile memberships in the mobile ordering driving. A lot of the growth for starbucks so overall stock is down a a little bit on on that news. We'll see how that all plays out but the company itself getting done Let's talk about this for a second because starbucks is not the the only US consumer brand Over in China that is dealing with this. We saw a similar reports out of companies like McDonald's which we'll talk about the second yum brands Google in terms of their employees in terms of the potential customer base and that sort of thing This really seems like one of those time whereas you said Andy. It's a quickly evolving situation. But I think for us as investors more so than usual now now is the time to pay attention to how are companies are communicating As a starbucks shareholder. I was happy about the way that they communicated the results assaults here and also what's going on in China even going so far as to say look as soon as we can update the guidance for the current quarter. We're going to do that but at this point. We don't really have any more information than we've already shared a good point Chris. They suspended their guidance. They were GONNA updated. They had said that they expected to increase their operating margins. A little bit in Busan Superior Guidance but they decided to withhold that until they saw what was going or learn more about. What's going on with this situation? China it's ten to thirteen percent of their overall sales But on the margin that's impactful so and obviously just the health concerns for the people who work there so so I liked the way they communicated. I'm glad they did that way. Well also sales that they're not going to get back. This is not you know An auto dealership. Where if you don't buy your car right now but maybe you buy next month? The still the sale of the car just gets delayed delayed a little bit once. The stores are reopened in the province for starbucks. It's not like people are going to be tripling on the amount of coffee they buy right now. That's but but hopefully hopefully obviously all the so much of the work they've done inside of China on the operating fund A brand they've built so powerful into China and with their consumers will allow allow them to be able to The stores at least be able to return to some growth they had before the The virus hit. They're really good about pulling those levers. Though I mean that treat receive for example. I mean you don't think they can get those sales back. They may not get them all back but they can get some of 'em back with things like the treat received one not. I mean they just are very very good about that. Ah Let's call it engagement right. I mean they just. They can stoke sales that they lost McDonald's doing a little bit better Fourth quarter profits higher than expected and shares of McDonald's up three percent at this week run. Nice to see Mickey D's rebounding a bit rough second half of twenty nineteen but since November a bit of a rebound on the stock. They'd beat expectations here. Top line was strong global global comparable sales up five point nine percent. That's the highest in more than ten years strengthen both the international and the US segments are really good to see. McDonald's has has been very very focused on investing technology both consumer facing and in the restaurants and let's face it they really had to so they have self ordering kiosks Mobile Ordering Delivery Partnership ownership with Uber Eats Technology both in the stores and the drive through to get people through quicker and upsell people into other products based on the time of the day. The weather a really interesting things going on at McDonalds so far it appears to be bearing fruit. They've got to continue. It's not inexpensive to build all these things but I like what they're doing well and give them credit because In addition to everything else in the past quarter They changed. CEO's very suddenly day very suddenly had to obviously Steve easterbrook left Quickly Lee and Chris Kempson Ski. I believe it's pronounced took the helm All indications are that he will continue what easterbrook had started in terms of the technological logical investments. And hopefully we'll see Sales continue to benefit from it doubling down on the chicken sandwich speaking of chickens. Ron Gross. Sir Someone I enjoy following on twitter for a number of reasons one of which is he doesn't tweet very often but you did tweet a couple of weeks ago. You tested did the Popeye's chicken sandwich. It's like if you're listening to it. Seems like you're you're not a fan of that. It was crunchy. It was greasy and it did not have a lot of flavor ever now. I don't like mayonnaise so that could be the problem. But if the whole thing relies on mayonnaise than Blab. Because you know what Chick-fil-a doesn't have any mayonnaise and it still delicious so it should people on twitter like myself. Expect a similar review of McDonald's chicken sandwich at some point if the hype is there yes otherwise. No what the hype for your twitter feed you know from the hype is so big. I had had to see for myself up next. We've got a couple more headlines than few stocks on our radar. Stay right here. You're you're listening to Motley Fool Motley. Fool Money Chris Sale in studio with Jason Moser. Andy Cross US and Ron Gross. Hey if you're just starting out or you know someone who is looking to get started investing we've got some good news. We have a free investing starter kit. It covers everything from saving money to 401K's to buying your first stock and includes five stocks selected by our investing team. And it's free free. You can get it by going to fool dot com slash starter kit. That's full dot com slash starter kit. Couple more earning stories pay pals fourth quarter quarter profits came in higher than expected but shares. Were flat this week Jason Executing at paypal. But you look at the money they're spending on acquisitions and yeah. I get why. That has an effect on their garden. Sure I think it was interesting to see. The market's reaction right. After the release the stock was down six seven percent but he came back and I actually think finished positive On on on the day one thing. That's very clear after going through their call is the focus that this management team has on incorporating their solutions networks. All over the world would really big partners in. I think that matters a lot particularly because mobile which is now forty. Four percent of total painted team at volume. A mobile is a big part of why their value add in a lot of these networks. I'm GonNa talk about these networks. I mean you talk about how the factor cozying up with China's Union Bay. I I mean there are one hundred thirty million cards alone. Issued outside of mainland China in Union pays now except the by over twenty eight million merchants across the globe saddling Mocatta Lebron. I mean there's just just a lot of partnerships that they're forming obviously the honey acquisition Is is appointed focus that they mentioned that quite a number of times in the call. And this really is about about jockeying for an earlier position. The life of the consumers commerce transaction. And that's fine that makes sense. I mean pay pal for all intents and purposes to this point. It's just been a payment solution. They want to become more. You know they WANNA be commerce solution and so you're going to see them integrate that honey technology in to pay pal into then Mo I suspect that will over time boost the business. They're talking about the honey. Acquisition we'll be accretive to earnings in twenty twenty one so yeah it's easy to be a little bit concerned. Perhaps in the short run but when you look at some of the numbers are chalking up total payment volume was up twenty two percent for the quarter then mo volume was up fifty six percent to twenty nine billion with one hundred and two billion dollars for the year going through that network. Now I mean this is a business doing a lot of really good things I think he got to hang onto these shares. Well it's also a great example of what you can accomplish when you make things easy for people when you think about pay pal itself and also then no those are two platforms that are incredibly. I usually use results tell you I was on was driving my daughter to school Friday warning and she needed six dollars for p. e. thing they're doing bowling and I'm like all right six the bucks. I'm scrounging around trying to find six dollars. I've got no cash because I've got no kids and I'm like is there not a pay pal. They're not showing no. I mean you got people get with the program these platforms exist to make our lives easier so use them last week show we talked about. IBM's latest earnings report art. Ibm Back in the headlines. This week with the news. The CEO Ginny Rometty is stepping down. She will stay on executive chairman through the end of the year. But Arvin Krishna Richner becomes the new. CEO Ibm Stock Up. Five percent. On this news Ron. What do we know about this guy? We know that last week you asked me if the stock would benefit from I'm from Johnny leaving and I wasn't so sure but you you very kershaw regard slasher on This does actually make perfect percents. It seems like it was time to go for her to go. It seems like it's time for new management Arvind Krishna is the vice president for cloud and cognitive software. He was the principal the architect of the company's acquisition red hat which is basically the future of IBM at least they're hoping it is the future of IBM. That's where all the growth is coming. That's they're kind of pivot to the cloud Very much like a Microsoft did One section the Della took took the reigns. It will be interesting to see if they can pull off a Microsoft Christoph kind of a turnaround James Whitehurst the CEO of Red Hat will step in. And we'll take over as the IBM president. So you really see a doubling down here of management men and investments in this cloud infrastructure business Listen the stocks ten times if they can do anything even remotely close to. What Microsoft did the stock is extremely dreamily cheap? But I'm not so sure they can the interesting separation or or the creation of that president title with Jim. Whitehurst taking over. I think that's very interesting and Good sign for where or they're going to put a lot of their emphasis because they have to mean. Sales are down of the past. Few years the stocks clearly underperformed the likes of their other large-cap cap Brethren so the invigoration of having this change in the leadership level and bringing in Jim as the President I think is a good sign for IBM shareholder. So we have a new. CEO at IBM we have a new CEO at Wellsfargo. Why the questions at the Berkshire hathaway annual meeting particularly interesting this and they just unloaded loaded the newspapers? You saw that right so that that is. That's I mean it's another interesting point. Berkshire I mean starting to see some cracks. Well not cracks. Maybe but maybe they're just kinda shoring orange things up for the inevitable transition slash more apple buying Atari known for its video games announced this week is getting into the hotel business. Atari announced a deal to build video game themed hotels in eight cities across America starting with Phoenix groundbreaking. Teaching takes place later this year with an eye towards opening the first hotel in twenty twenty two. Am I the only one at this table who thinks this could actually work. Maybe yeah I think there's enough nostalgie here for for it to work. I mean I. I'm not a big Gamer by today's standards. But these are the games that really resonate with meat. I can actually see having fun and just to be clear for longtime listeners. This is not a situation like we talked about previously with Taco Bell having a Taco Bell Themed Hotel and resort for a couple of weeks. No this is going to be a free standing ongoing business so it's not nineteen eighties video game technology. They're GONNA have updated technology in in their hotels and it will appeal to people who are into gaming now folks younger than us. Don't even know what Atari is. So I'm not sh- I don't know the combination of that brand name and now new technologies. I Dunno sounds like a lot of yarn. Ar Stuff there and we don't jump in for you know an AR VR Donkey Kong. That'd be cool real quick. Though to the article I read your by Christopher Livingston. He concluded included within. Remember if you're electrons room key doesn't work try pulling it out and blowing on it now. If you just really read that really quick you think what the hell is he talking about. But do you guys remember. I 'cause I got this. You remember the Atari Machines de the dust out of it to get it to work. I was like lever. Got Chris well and just one more reason. I think this could work. And this is from the Atari press release. Select hotels will also feature state of the art venues and studios to accommodate Eh East sports events. Sports Gamers. I don't know this this could work for them all right. Let's get to the stocks on our radar. Our man behind the glass seabright Zebra was GonNa hit you with a question wrong gross. You're up first. What are you looking at this week? A company I'm looking at it as a potential recommendation for our total income services Walker Dunlop lab. WD PROVIDER OF COMMERCIAL real estate financial services in the US primary focus on multifamily lending one of the top originators of multifamily home mortgages and they also have a ninety billion dollar mortgage servicing portfolio nine years since its IPO wondering dunlap revenue expanded at an annualized rate of twenty five percent percent still led by members of the founding family that founded at eighty years ago. Willie Walker the grandson of one of the founders owns. Nearly six percent of the company they started paying the dividend in two thousand eighteen and the yield said about one point eight percent. Steve Question About Walker. Dunlop isn't just a total commodity. Play mean everyone does mortgages what wipe walk around a lot. Well they have a great reputation. Size size matters here Scale matters in terms of profitability And but but you're right the cushman and Wakefield Cbre Marcus in mill chop all very large companies. That well eat as well each competing for for that mortgage Jason knows. What are you looking at? Oh we've covered visa. We've covered pay pal. Square aware. Hasn't announced earnings yet. MasterCard dip stick with Mastercard Kennedy Without War on cash theme here Ticker is is m a reported a good quarter recently gross dollar volume up twelve percent cross-border up sixteen percent kind of kind of thrown at the visa. There I think But really this was like this was a racist peanut Butter Cup moment here here recently for me and you remember the commercials were like you know the the to the to collide chocolate falls into the peanut butter. So did you read recently. That MasterCard is rolling out in augmented mentioned reality APP for their benefits program. I mean I immediately thought. Oh my word. I actually have the opportunity to get mastercard into the. My world's worlds are colliding. Chris is very exciting decision. Going to be rolling out in q two on IOS and then a little bit further down the road for android and whatnot. I I just think he was is a clever engaging. Play to bring people more into the benefits that they get from these cards. I wouldn't be surprised to see other car providers of mimic this down the line. But I'm really excited to see how this looks in a couple of years. You know where you can use that card. Where an Atari Hotel? Steve Question about. Mastercard does a MasterCard Carter visa for that matter need to do a better job providing me the tangible benefits like I don't feel like there's a benefit of owning a mastercard versus visa credit card. What what's the benefit? I actually totally agree. I think they do need to do a better job of that. Anything that is that is part of the point behind. This APP is figuring out new ways to engage with cardholders Based on the tools that we had a date obviously the smartphone. Being the most obvious choice. Everyone has one I I do think this is going to be a way to to create engagement. Make you more aware of the benefits deficient. You have so that you can actually put them to good use and he cross when you looking at Chris. I'm looking at Pinterest. A recent recommendation of both Tom. David Gardner twelve billion dollar market CAP company social social media platform of users sharing like inspirational things think of it like a Virtual Cork Board recipes. Art Work Home Decorations. More the three hundred and twenty million active users two billion monthly searches so I like where the growth is going to big advertising platform but still really just starting into monetize that user base so looking to see what they are saying more about the monetization of the platform and the ticker P. I. N. S. Pins Steve Question About Pinterest. How long long before? There is a paid subscription tied to pinterest. You think Andy. I don't know I think the advertising is just really starting the average revenue per user. Just about a balking walking and that's mostly Driven by the US internationals a bigger opportunity for them. So I don't see that I think the advertising is going to be the future for Pinterest for a while you gotta stock you. WanNa add to your watchlist Steve. I think pinterest eight across Jason. Moser Ron Cross guys. Thanks for being here thanks. That's going to do it for this week's edition of Motley fool money money. Our engineer is the Bronco producer. macrey or is off so if the show was terrible. That's why I'm Chris L.. Thanks for listening. We'll see you next week.