18 Burst results for "Craig Moffett"
"craig moffett" Discussed on KOMO
"Maxx and Marshalls para TJX companies today, guest Selene prices higher again, Triple A, says the national average for a gallon of regular now, $3.4. That's up 17 cents a gallon in the past month and coffee prices or near a four year high. Amazon, reportedly thinking about buying the movie studio MGM. MGM is an interesting move. It brings a library, not a lot of new content development, but I think it just speaks to the role that Amazon is likely to play over the next five years or so, in really building a streaming platform that will be very much one of the majors. Alongside Disney and Netflix Moffettnathanson founder Craig Moffett on CNBC. Ford showed off its highly anticipated All electric F 1 50 pickup truck called Lightning as President Biden Behind the wheel of the Michigan plant yesterday. That's baking at the official public unveiling of the truck is today it has a closed off grill and a light bar across the front connecting the headlights. Definitely not our father's forward F 1 50. Many of us have noted that when a home goes up for sale in our neighborhood, they tend to get sold pretty quick. Jessica you talk about a seller's market. Yeah. The U. S. Has a severe shortage of homes for sale and new home construction had its biggest drop since the pandemic hit last month. We have this huge shortage of single family homes, and that's where we're seeing the real pain here. 15% of.
"craig moffett" Discussed on Bloomberg Radio New York
"On the S and P 500 companies in America delivering Tom in a big way. They're coming out, and there's different parts of America, but I like how you take it to America, John because each of the sectors is different now, I've got Altria wandering out now. They turned by in the famous Bloomberg Headlines lead to help me here. Maybe we get McDonald's out. We had Caterpillar. Earlier on and on and on. And you know what John? It's all the same story. We have a new surprise revenue subside. Surprise. 13.6% on com Sales Plus 9.23% was the estimate The numbers from Apple revenue of 54% new record the services for the Mac revenue all time high. Luca Maestri, the CFO. Revenue records in each geographic segment. Double digit growth in each product category. Lisa the numbers Incredible. The thing is, this isn't just beats these air. Unbelievable beats. They are blowing it out of the water beats and I'm looking right now at McDonald share Price Ahead of the Open, it's up. 1.1%, right. I mean, this goes to Apple being up less than 3% ahead of the market, given the fact that it absolutely blew expectations out of the water, which makes me wonder what exactly are traders looking for what facts could necessarily change their view? Make them buy more robustly or sell more of us than one headline here that goes away from Tech McDonald's global comparable sales. Up 7.5%, and that's that nominal global GDP proxy. That's what you've got to look against an estimate of 4.94 to another upside surprise. We also need to talk about execution risk. It dominated the conversation in the previous out of this program we've seen that show up in force in a big way struggling to get access to Sammy's in the auto sector is being an issue. Sector wide for Ford is going to cut production in the second quarter by 50%. Tom. By 50%. It's him a Carly saying it prefers generals, generous motors over it. A Citigroup right now, John, I'd also want to point out the Verizon media train records. They jettison Hale well and all I'm going back and forth and Craig Moffett we're trying to get in all in lost their but I love their phrase. We connect people to their passions as that working out, that's how you know And then you look at Apple and, you know, take the Verizon media phrase. We connect people to their passions and throw it over the apple. And you know that was the winners and the losers in this Derby. One company's doing it the other one. They said Right now, Equities all time highs on the S and P 542 100 on the S and P and up by 30 points. We had 5 7/10 of 1% into the bond market with your type four basis points on tens. 1 65 €04 dollar unchanged at once. What he wants 24 a big call out of Goldman that will touch on a little bit later on the commodity market 11 K on copper. Maybe 80 on crude right now. 64 73 by little more Lisa, then at 1.3%. It is a boom market and Tom, perhaps rising is connecting people. Perhaps McDonald's is connecting people, too crispy chicken sandwiches, which evidently was one of the reasons why Said Comp sales were so good today we are looking not just toward crispy chicken sandwiches, but also initial jobless claims were expected to come down. I still wonder though, why they're not coming down faster. The expectation is for it to be about 540,000 new initial jobless claims. Still a lot of people getting benefits again. What is going to make this number go down materially, probably as the world we opens. The summertime emerges. That will also happen. GDP expected to come out 6.6% 11 AM Randy quarrels of the Fed is going to be speaking about financial supervision, financial regulation very interesting to see what he has to say about our kegasus impossible disclosures around derivatives, especially given the fact that Fed share J. Powell was saying this does raise questions about risk management controls. A number of banks and then later today we are, of course, going to be getting a better look at earnings. Amazon and Twitter coming out after the bell expected to blow things out of the water and gave him what we've seen from Apple and Facebook and everybody else again. I do wonder. What will make traders respond. Why has there not been a bigger response to beat that are astronomical, John. I mean, these are way above normal B and C O point, Lisa, it's not just the companies that have had big year today. Gaines is also the likes of Apple who haven't delivered anything. 2021 so far have blown out at the water, knocked it out the park and still, that stock is hardly moved us up by a couple of percentage points. Take care. No. One focus for you on Amazon is the fact that it's north of 3500. And you think maybe, Or perhaps they should deliver stock split. We're seeing all these companies not specific Jamas on John, but they're all adapting to the reality of their success. And they've got a PR effort on to the nation frankly, to their employees. I saw that yesterday afternoon with the Amazon out front about pay raises coming quicker it to people, and one of those things is just to be more visible and more accessible. Its antiquated as all get out. Why don't they do a stock split to re calibrate with other big companies like McDonald's in the that that l. Let's do it? Clinton right now Stay Chevron, Federated, Irma's Portfolio manager, Steve I'm gonna put you in the middle of a debate. What's the value of the stock split? I think it's actually little bit more now than it has been over the last several years, because every last several years you had a market that was dominated by institutional investors, and it really didn't matter with price. The stock is But we know that retail investors have come to the fore too much, much bigger way over the course elect of the last year or so about a year, and I think it does make those stocks more accessible to those folks on good increase demand, at least in the short run, so I think it's little bit more than it has been. Steve, a major shout out to Federated. Irma's You People have been fabulous about having the courage to stay in this market. How do you acquire shares this morning? Why they get to stock pickers market right now. So you know, As you know, we had a 45 100 target for this year. You know we're getting there for 4200 this morning. I think you're likely to see some volatility over the summer. I think Value driven markets in general are more volatile than growth markets just because You need that data to continue to support that value. Cyclical story. I think politics and the sausage making around you know now in myriad of spending and tax proposals will get messy as that gets negotiated in public. It's our view is you look for is a weakness. If you see some of these values cyclicals sell off because you know the 10 year olds over. There's a flare up in the virus. You wanna buy those? Likewise, I think what we're getting to the point and I think it'll be the next quarter of the second quarter of 2020 were value will be on a fundamental basis is strong against growth as it will ever be. That's probably your sign to start adding to some of those growth names again with more earnest. So I think it's stock by stock industry by industry buying weakness. It's not about buying the broad market, you know at these levels. Steve Wire stock traders not responding more to these beets that are incredible. I mean, look at Apple. Not only do they beat, but they said they were going to buy back about 4% of their shares. Why is the stock not up more? So I think this is healthy, and I think it's solves. You know the big question that's out there about you know, the multiple on the market. The market is growing into that multiple right. The market wasn't going to wait for these numbers to come in. We understood covert was using. We understood people. We're going back in and that started getting priced in the market. Now we're delivering the earnings to justify that. So if you look Mark. It was trading at 22. Times PE last June. It's trading at a 22 times, Pete today and were up 40%..
"craig moffett" Discussed on WBZ NewsRadio 1030
"Seems like it's a pretty good time in less in dead, and Suzanne Saz Ville WBZ Boston's news radio. Way have some breaking news just into the WBC news room authorities and Nashville, Tennessee have now confirmed Anthony Quinn Warner as the suspect. Of setting off the bomb. On Christmas Day in Nashville, Tennessee, and they have confirmed his remains. He was the man who died in that explosion that rocked downtown Nashville, the U. S attorney Yeah, is on the scene there in Nashville. He says the man suspected of setting off the bomb. Died in the explosion that rocked downtown Nashville. And that man again is Anthony Warner, now identified as the national Bomber. Down on the South Shore, Cape and Islands Congressman Bill Keating is happy with the new covert travel restrictions put in place aimed on keeping out a new, more aggressive covitz strain in the UK, the lead busiest him done. Congressman Keating, who sits on both of Foreign Affairs and Armed Services committee's tweeted Friday that he's glad the Center for Disease Control Prevention is now requiring negative covert tests for travelers from the UK Move comes after the new, more contagious strain of covert 19 was discovered by U K officials earlier this month. Heating said he called for this exact policy last week after states for instituting their own measures. The congressman tweeted quote, the only way we'll fully combat this pandemic is with a unified approach, not 50 different policies. From the Cape Cod Bureau. Tim done WBZ Boston's news radio. It's time for Bloomberg business. When Warner Brothers decided to stream movies the same day they opened in theaters. Eulogies poured in for the movie business. This is the beginning of what what's going to have to be the elimination of a lot of screens industry analyst Craig Moffett, who says investors as well as actors and directors with participation deals are being heard. You've got Hundreds of millions of dollars riding on the performance at the box office based on your contract, your head's going to explode. But Bloomberg Entertainment reporter Lucas Shaw says the movie business isn't dying. It's adapting after being decimated by the pandemic. Most of the people I've spoken with recognize that what wonder media is doing is actually a very sensible approach. They're finding a way to release these movies for people who do want to go see them and Peter's they can. For people who want to watch them at home. They can move is supposed to be temporary. But Moffett is skeptical. That's a little hard to put the genie back in the bottle. 2021 will tell. I'm Honora Vera Bloomberg business on WBZ, Boston's news radio. You didn't know that.
"craig moffett" Discussed on WBZ NewsRadio 1030
"In the city of Boston at 505. Officials in Canada confirm the first two known Canadian cases of a more contagious variant of covert 19 that was first identified in the United Kingdom. The cases there from a couple in a region just east of Toronto, with no known travel, history, exposure or any high risk contacts that this new variant is believed to spread more easily and faster than the original version of the disease, But it is not believed to be more deadly. It's another step backward. New statewide restrictions here in Massachusetts kicked in yesterday, including tighter capacity limits for many businesses. Many of those businesses already just hanging on by a thread during the pandemic WBZ Suzanne Sauce bill went to one Jim to see how they're managing myself in Pete, I don't think we sleep at night thinking about this. Keith Callanan and Peter were Poli Cockney maid health and fitness and student right, Poley says Baker's latest restrictions don't really affect them, but that's it. Not necessarily a good thing club is so large that we're allowed to have 150 people in here per hour and currently we not even close to exceeding that because, he says, people are free to come in and their revenues are down 50% even though he says data shows people are not getting Cove it at Jim's Andhra, police says if Kobe it spikes even more because of Christmas travel, and Baker closes down Jim's altogether they're done for. We've done everything that we can possibly do just to stay open, so people Close us down. It's going to be devastated in student Suzanne Saz Ville WBZ Boston's news radio, restaurants, stores, theaters, Casino's offices and arcades are just amongst some of the other businesses that are going to have to reduce capacity limits from 40% down to 25%. They're stricter limits on indoor now dork gatherings and hospitals. They'll have to postpone many non essential procedures. Massachusetts is reporting more than 7400 new covert case. Is 46 additional deaths. But because of the holiday, these counts are actually from a two day period, not the usual 24 hour time frame. That explains the high case Count 70 average positivity rate is 6.3% more than 2000. People are in hospitals across the state with covert 19 416 coping patients. Are in ICUs, and it is estimated that more than 78,000 people are infected with the virus. Right now. Statewide doctor at the Boston Medical Center got the Moderna covert vaccine. Suffered a severe allergic reaction. WBC's Mike Macklin tells us what happened being a physician and BMC Dr Hussein sod. Rosati was among the first to be given the modern a vaccine. And being a doctor. He knew right away. Something didn't feel right. Like less than a minute after injecting the vaccine, I felt that my heart is racing. So I felt that this probably is anxiety and stress. I was scared. Feeling dizzy. He sat down and immediately called for help. His heart rate spiked to 154 more than double what it should be five. Feels like tingling numbness on my tongue. And also in my troll. It wasn't like a similar feeling that I had before with my allergy reaction. I knew that is coming, and suddenly I was wet, completely sensing he was suffering and a flaccid shock. The doctor self administered an epi pen. The adverse reaction to the vaccine gradually subsided. Like macular WBZ Boston's news radio years, Bloomberg Business, Warner Brothers decided to stream movies the same day they opened in theaters. Eulogies poured in for the movie business. This is the beginning of what what's going to have to be the elimination of a lot of screens industry analyst Craig Moffett, who says investors as well as actors and directors with participation deals are being heard. You've got hundreds of millions of dollars riding on the performance at the box office based on your contract, your head's going to explode. Bloomberg Entertainment reporter Lucas Shaw says the movie business isn't dying. It's adapting after being decimated by the pandemic. Most of the people I've spoken with recognize that what wonder media is doing is actually a very sensible approach. They're finding a way to release these movies for people who do want to go see them and Peter's they can. For people who want to watch them at home. They can move is supposed to be temporary. But Moffett is skeptical. That's a little hard to put the genie back in the bottle. 2021 will tell. I'm on a roll. They're a Bloomberg business on WBZ. Boston's news radio years of another nationwide Covitz spike that blast your headline Sports traffic and weather.
"craig moffett" Discussed on Bloomberg Radio New York
"There is a better than likely chance that we see negative fridge on the December payrolls. Meantime, the Fed is propping up the market, says Mohammed Hilarion, chief economic advisor. Adel Eons, the parent company of Pimco and Bloomberg Opinion columnist. Central Bank Support has provided A if you like an umbrella that has protected the financial markets from all sorts of things. Global news 24 hours a day on air and on Bloomberg Quick take powered by more than 2700 journalists and analysts and more than 120 countries. I'm Susanna Palmer. This is Bloomberg. He's Bloomberg Business Week with Carol Massar from Bloomberg Radio. Just about a week ago, Warner Brothers said it will make all of their 2021 films including Dune and Matrix, for available on HBO, Max at the same time as they open at movie theaters, ending theater chains. Exclusivity. It's what we like to call up. Wait, what moment which is exactly how actors directors you name it took it, Which is why it also caught the attention of star Alice Craig Moffett founding partner and senior Alison Moffettnathanson, who has covered the telecom, cable and satellite space. For years. He's been named the number one Alice by institutional investor. Magazine. Year after year, Craig was also the founder and CEO of the E commerce business at Sotherby's Well, Craig filled person on why investors in 18 T, which owns Warner Brothers. Needs to pay attention to this news. The big news really is the big announcement from a TNT, which about bringing movies in so called day and date for the same day that they bring in the movie theater. Spring them too, but bring them too. HBO, Max. And that is really an extraordinary development. Mr. It has implications for the exhibitors. That is the movie theaters. It has implications for 18 T itself. And I think that you saw with a lot of the blowback today. It has a big big implications for the actors and artists and directors, Boy. Oh boy, did they hear an earful from how angry Some of their stakeholders are got a million questions. So do you think this is a 2021 thing or just a short term thing? Or do you think this is something that becomes Part of how it happens, longer term and maybe forever. Well, you know it. Zit puts them in a difficult position because Jason Clark, who formerly of Hu Lu and the person who put himself Outfront in this decision. Um, in now running Warner media made it very clear that this is a decision about customers and that Customers want movies, Day and date. It's what they've always wanted. And I don't think anybody would argue with that Its customers would love to have movies, Day and date. The problem is, once you say that it's a little hard to put the genie back in the bottle and then say what we've in 2022. We know you want to put customers first on DSA. So, uh, it feels like it is not just to me, but I think to most people as if this is I'm going to become an expectation and the implications of that again are just enormous. Well, I love Listen. You just get into the weeds with all of this, and you really break it down that you know when somebody creates a piece of content, you know? Major film or something. You know the theaters is just one level right? But there's so many other levels and you go through the pay windows, right? And you say that often when it does it's theatrical release. It doesn't necessarily make money there. But it's the later windows like you talk about the pay one window like an HBO. That's where it starts to. Maybe, you know, be a twist. Be in the green on some kind of movie. And remember, it's it. We're not just talking about 18 T and Warner Media themselves were also talking about directors and actors who have participation deal so Christopher Nolan, a critically important director to Warner Warner Media is irate and a czar. Lots of these director..
A potential bureaucratic dispute could slow down the birth of 5G internet
"The US needs a five G. Network that much everyone agrees on. This is the network that would allow things like fully self-driving cars Internet. That's a hundred times faster. But it turns out. There are a couple big questions not fully resolved in Washington I who should build and operate parts of this network and second who's responsible for giving up the airwaves that it would run on. We point this out because the FCC's looking at auctioning off some of the government owned electromagnetic spectrum. So companies can use it for five G. and at the same time. The Department of Defense is looking at leasing out some of that same spectrum. So I asked Craig Moffett analysts for telecom and media research for Muffin Nathanson. Who is in charge here? That's the sixty four thousand dollar question. Historically, the FCC has always been in charge of spectrum at least for commercial purposes. What's been proposed here is unusual in that the Department of Defense is suggesting something that is a bit of a hybrid, build their own network that they would then make available through some mechanism to commercial carriers, and that starts to crossover fairly clearly into the commercial sphere. Will this all sounds frankly dysfunctional. You have two major government agencies not on the same page over how to govern a piece of technological real estate. What are the consequences of this situation yet look dysfunctional doesn't begin to capture. It seemed fairly clear that the dod didn't know what the FCC was doing that the FCC. Didn't know what the DOD was doing and that parts of the dod didn't know what other parts of the Dod we're doing. Dysfunctional. Is being polite. It is a mess. There is this on again off again conversation over whether the US needs a national five G. Network run by the government or a private sector driven network, which is where we've been going how does this dispute over spectrum and you know who can Lisa rock it out fit into that conversation? Well I it's very much part and parcel of the same discussion. The idea that we should have a nationally coordinated response rather than a commercially driven response. I reared its head in the beginning of twenty eighteen and it was soundly repudiated by everybody in in government within a matter of days after it went public and it went underground and then came back again and then it was repudiated by everybody and went underground. And came back again and it keeps coming back. It's sort of this Zombie that can't be killed. This country has committed. I think fairly clearly since one, thousand, nine, hundred, four, and the break-up of the bell system that we're going to pursue a private enterprise approach to telecom rather than a government regulated monopoly approach, and you can see a tremendous amount of tension ideologically among different parts of the government about whether that's appropriate. Is there any merit to the idea of a national five G. Network just because? It just sounds maybe more efficient than having a bunch of private companies build their own separate versions. Yeah. There are two arguments here. The the first one is time to market and at its very core, the motivation for government intervention and the motivation of certain participants and names that have been attached to this concept like Eric. Schmidt, the former chairman and CEO of Google, for example, is this belief that the US is moving too slowly and that China is taking the lead and that has two consequences. One that there will be a more robust equipment ecosystem were or supply chain. That evolves around the Chinese five G. Network, and therefore, there will be critical infrastructure that we simply can't produce in the Western Hemisphere. So so that's part one part two is this view that if we don't move fast enough, then China will start to develop the economic ecosystem that rides on top of five G., all the applications that will emerge that we can imagine yet but out of four g came companies like Uber and facebook arguably really grew into what it is today because of four g and so so all the innovation that comes on top of a platform like this. is feared to becoming too slowly because the US may fall behind China in developing our five G. Network. That's separate and apart from the question of just is it economically sensible to have three or potentially four different companies building five G. networks instead of having one national platform that then everybody shares or at least chairs some part of and buys capacity from. So let's say that this conflict between UFC indeed doesn't resolve and this big midsection of spectrum disease just stays locked up, is it still going to be possible for you know verizon or whoever to buy five g service to all of us? The short answer is, yes. There are other solutions besides this particular block of spectrum. So. Most of the world, it started down the path of mid band spectrum before the US. The US started with a very much a focus on very very high frequency spectrum and his head to course correct perhaps later than than one would have liked but they have they have now if not fully caught up at least closed the gap to some degree, and there is a very large auction of mid band spectrum coming in December called the c-band auction that the carriers have been planning around for at least two years and and by all accounts. Is Spectrum very similar to the spectrum that the DOD would theoretically be using and and there's quite a bit of it. So I think right now that you would have to say that the carriers view see band as the
"craig moffett" Discussed on Bloomberg Radio New York
"When you talk to technology investors to themes come up. It just seemed time and time again. One is the cloud. Everything's going to the cloud, and that's gonna drive spending. From the Mexico jillion years, and the second one is five g. How this is the future of wireless even Apple. It got into the act this week, launching its iPhone 12 with its five capabilities. Let's get a sense of what this really means. And there's nobody better than Craig Moffett. Founding partner and senior analyst at Moffettnathanson. And if you want to know anything that's going on in the TMT space. You have to get the research from Moffettnathanson. He joints on the phone from New York. Craig, Thanks so much for joining us here. What did you make of Apple? The iPhone, 12 and just kind of five G in general. First of all, thank you for having me back on. Paul's good to talk to you again, you know? I would say this. I would say that, if anything, the Apple five G event, it sort of has been a little bit of an uncomfortable reminder for everybody that five G's not really fully baked yet. And the announcement has sort of forced everybody to come to grips with the idea that that right now five G is still very much ah, year or so away and And I thought there were all kinds of of cues about that in the Apple launch. So is it crazy? Hi, Craig. And I hope you're doing well. I do what I do wonder. You know, my husband was up at 8 a.m. or before that, you know, because he wanted to order his new apple iPhones. I swear to God and he stood up till three in the morning. You know, because when they open it all up, and he's gonna order my new phone When it comes out, I think in a week or two, and so, are we crazy? We've been kind of waiting for this. Our re crazy because five G isn't completely built out here. Well, if if five G is the reason that you're getting a new phone and yes, that's not, that's crazy. Just not ready yet. Thank you there. There are other reasons to get new phones and if if you like the new camera and that sort of thing And look handsome cycles have been lengthening for a long time. So there are an awful lot of old phones out there that need replacement anyway. But five G as a rationale. Justin and very compelling. I mean, here's the problem. And sorry if this is a little bit technical, but we love technical. If you deploy five g on on low frequency spectrum to get the coverage of the country, it's no faster than for G. If you deploy it in very high frequency spectrum and big spectrum blocks. It's very, very fast. They de mode that with Verizon, but it's hardly ever available. It's only available in something like 1% of the time that you're going to be on your phone because the propagation distances of the spectrum bands are so short. They're on Lee really usable and exceptionally dense cities and inside shopping malls and airports and arenas and stadiums and all the places where nobody is anymore because of cove. It And so the value proposition right now, just isn't there yet. You're going to end up with a phone that is essentially has a little five g light on it. Runs at about the same speed as Forgy and drains your battery faster, and that's not going to be compelling for very many people. So again, there may be other good reasons Why you want to get a new phone on the new iPhones are great looking But maybe you like the flat edges instead of the curved edges, But but it's not going to be because of five GS. All right. So Craig, given that I'm surprised or are you surprised that Apple rolled it out now, as opposed to awaiting typically, their strategy has been Hey, we don't need to be the first reading. The second will be there when there's a market. Well, to be fair. They've already waited. Samsung has had five G phones out for more than a year. And also remember that this is not just a U. S story. This is also a global story. And five G is a little bit further along in China and Korea and Japan. Using same chipsets by and large, So although interestingly, the US chips the US Apple devices are the only ones that will actually support millimeter wave spectrum. And that's a real compromise. It gives you those blindingly fast speeds, but It's again not available much of anywhere except a little bit of New York and a handful of other very dead cities. In the U. S. But again drains your batteries so so fast generates a lot of heat on DH, So they've decided not even not even put that in the handsets that they're making for overseas markets. You popped my bubble and I've gotta say marker men was also writing our mark Gurman here, Bloomberg wrote about you know, apple getting ready to launch and then we've got this unready U. S markets so Horizon T T Mobile, So as we're waiting for them to kind of really roll it out in a big way. Five g When will they? What are we all waiting for? Is it just They don't want to make the investment yet. What's holding it up? Well, there's a couple of things, but I said a minute ago low frequency spectrum for broad coverage but not high speed, high frequency spectrum for high speed but insufficient coverage. That obviously leaves the broad middle and the broad middle predictably, is mid band spectrum. Right now. T Mobile has a huge advantage and head start and that they have a very large block of of mid band spectrum that they acquired in the sprint acquisition. In fact, you can make a good case. That's really the whole reason they bought Sprint was to get that spectrum. That will be the support for the first really credible five G network in the United States and T Mobile will have a big advantage that could well last for years. Verizon will probably catch up asleep to a degree. When they buy a big chunk of spectrum later this year. Everyone seems to be quite certain that they will buy what's called sea Band Spectrum, which is going to be auctioned by the FTC in December. But that will take them a couple of years before they get it and then fully deploy it, and even then it's probably not going to have quite the same reach and coverage that T Mobile will enjoy. And the real challenge is going to be a t right balance. She is in so much trouble. That's just not clear. They have the money to be able to buy a significant amount of spectrum or to build it out at the pace that's going to be required to keep pace with Verizon and T. You had a Verizon and T Mobile. You have cute us up for where we want to go next. So sit tight, Crais. We've just got to do a little bit of news here. But we want to come come back and continue this conversation. American like ship. This podcast to my husband so that he was in terms of the different services are we continue with Craig Moffett, founder and senior analyst at Moffatt, Nathan said. He is so well known as he should be to our audience in the telecom world will get back to him in just a moment. Right now, though, back to all the national News headlines.
"craig moffett" Discussed on Bloomberg Radio New York
"Believe that the entertainment like services because all these are entertainment not sports but for the entertainment like services that the price that they should pay is something like zero that's right obviously troubling what about the difference between an ad supported model or more subscription based model what works well it will we haven't seen the ad supported service is yet to be able to judge very well but the remember in what Comcast unveiled a week ago caps the advertising loaded about five minutes per hour so far less advertising than what you're used to seeing even in subscriptions sponsored cable so if you're going to be able to generate enough revenue to make that a really compelling business you're going to have to get a big up left in CPM Sir the price per thousand viewers that advertisers pay for and that will depend on on ultimately how good that advertising is a driving sales and and we just don't know yet but but it's it's they they face an uphill challenge while the story continues with Craig Moffett of Moffett Nathanson thank you for joining us and coming up a vehicle with no steering wheel or paddles we'll take a look inside the crews of origin details of our interview with long time auto executive Dan and I'm in Max this is Bloomberg Jumpin on the self driving car bandwagon alongside names like way now and Tesla is General Motors cruise but there's a catch the new vehicle unveiled Tuesday has no steering wheel or pedals with the all electric crews origin CEO Dan am and wants to completely replace the conventional car he spoke to Bloomberg at Ludlow this is to make transportation safer for everybody and then the best way to do that is to remove the seven out of the loose ends to get the self driving performance to superhuman level capability eTools.
"craig moffett" Discussed on Bloomberg Radio New York
"And now it looks like global payments and total system services may combine people familiar with the matter said, the companies have held talks about a possible deal. Now, one of them said they discuss possible joint ventures and other ways to work together without merging. None, the west you've got global payments up eight percent in early trading total system services up six and a half percent. So the possibility of the deal is being well received and it's looking like a win win so far, then there's footlocker one of the most active stocks in early trading down more than ten percent athletic where retailers earnings and sales trail analysts average estimates in a Bloomberg survey for the first time in five quarters, footlocker lowered its full year profit forecasts. But there's an interesting contrast within the industry, because we also heard from a smaller retailer Hibbitt sports. It's up sixteen percent this first quarter results. Surpassed estimates so take that for what it's worth elsewhere. You've got auto desk down seven percent, first-quarter profit at the maker of design software failed to surpass the average projection for the first time in six years, Ravin, it was lower than expected spunk. The maker of data announce a software down two and a half percent. The company gave fiscal second quarter forecasts that misty most optimistic estimates. You have the various pieces of the old Hewlett Packard that have reported Packers eight. Right. Well, I've got three on Monday. The first is Hewitt Packard enterprise down two and a half percent. The business technology companies revenue for the fiscal second quarter failed to meet estimates and companies saying, its customers rather, concerned about all the trade business between the US and China. Everybody's excuse right now. Then there's HP the maker of computers and printers. It's up to percent fiscal second quarter earnings beat projections, and revenue unexpectedly rose. Then there's d technology. This is the combination of HP enterprise services, business and computer sciences. They're up two percent. The extended a streak of beating quarterly earnings estimates that goes back to the merger two years ago. So couple more four year Ross stores. The off price retailer and a half percent, fiscal first quarter results showing company was less profitable also their second quarter earnings estimate coming up short of projections. Santa h industrial is up four and a half percent. The former equipment maker said earns to buy back as much as seven hundred million dollars of stock, and I got an inch snap. The owner of the social media sites. Nap Chattan talks with the three largest record labels about letting users Ed music to posts according to the Wall Street Journal. The report cited unnamed people than they were the matter. David Wilson, thank you so much on Friday before Memorial Day with a smart equity report. They're Paul to get out front on rich greenfield Walter Pisces, and Walter encyclopedic on apple and rich greenfield Disneyland content, and then Craig Moffett will join with his colleague, Michael Nathanson on content, but more on all the distribution of it in the wireline sprint, and all that Scooby a lot of fun. How do they value content on a company's balance sheet? That's valuing the library as always been one of the most difficult things for media investors and the net result is it doesn't get a lot of value, unless it generates dependable flow. So what's interesting is the, the digital. Like just take the Netflix of the world CBS. For example, had a great example I love Lucy. They made it in the fifties, it's been sitting literally involved in, in queens for thirty or forty years. Netflix comes in and says we'd love to have reruns of Lucy. I love Lucy. They pull it out of the vault. They digitize it, they send it over to Netflix. Netflix starts airing it and CVS starts getting paid by Netflix for an asset that literally had no value. No value on the exact bouncy Wall Street gave it no value, and it started generating millions of dollars of revenue is game of thrones and asset. It is a huge asset has generated or contributed to tremendous cash flow at HBO so that clearly has value. And then the question is, what do they do with that asset? Going forward in how else can they monetize it can they license it to other players, maybe outside of the US? Maybe can they create additional programming around it. And of course, an example, b Disney, nobody does that better. Than the Walt Disney company. So, I think in this digital world where there's so many more distribution points. Content has even higher value. And we saw that with AT and T buying Time Warner, for example. Well, that'll be a good a precursor to get into what I've really been looking forward to our team has put together just a credibly interesting. Our is all of us are swept up in streaming and this, I mean, Michael Barr, you're doing this with the Bloomberg businesses sports. I mean, the rights to baseball where will that be in five years? Well, where we're the salaries be also in five years. It's thing keeps going up and up and up and up. Yeah. And it's just a part of the sports mix as well. Again Craig with us before that we're thrilled to bring you rich greenfield Walter Pijesak from much to talk about green on the screen and a Friday futures up seventeen Dow futures up on fifty the Vic sixteen point zero zero. This is Bloomberg. Let's get some national headlines right now with Michael Barr. Michael, thank you very much. Paul Britain's Prime Minister Theresa may has made it official. She is stepping down June seventh for much of the last three years may has fought to get lawmakers to support the Brexit plan. President Donald Trump is stepping up his effort to investigate the investigators. He wants the US intelligence community too quickly and fully cooperate with attorney general William bars investigation of the origins of the year probe into whether Trump's 2016 campaign colluded with Russia plans to build a new port authority bus terminal in New York are moving forward signed that the interstate feuding that stole the process over the last several years may finally be coming to an end the port authority of New York, and New Jersey announced that it starting a formal environmental review process, global news, twenty four hours a day on air and at tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts a more.
"craig moffett" Discussed on 90.3 KAZU
"And thus the birth of one of the first real media mega calumniates time. Warner that merger begat thirty years later, the recent AT and T acquisition of time one of this past June. And now, the organizational chart changes are a common. Marketplace's would replenish your has that one eight hundred eighty eight Time Warner and now it is adjusting it. They're breaking down load approach. They've taken previously. Keith Snyder is with CF our research, rearranging, various networks. Splitting up Turner recombining with HBO analysts expect there to be late. Offs coming out of this will probably save money. There was a lot of overlap, but that's not what this is all about first and foremost, it's about strategy. Craig Moffett is senior analyst at Moffitt Nathanson, AT and T is gargantuan wants to use shows to help out. It's phone business. Wants us the data it gets from its internet and phone business to help ads sales on TV networks, so AT and T is centralizing and reorganizing. The question is can you do that without harming the patient and the most important patient? Here is HBO that's the crown jewel of the Warner media aquisition HBO was successful. Because it was free to be creative and focus on content is going to be possible in a world where you're trying to make eight HBO subservient to corporate strategy that is trying to maximize things like wireless on subscriptions. I'm not sure Jonathan Chaplin is a managing partner at new street research. And he says this is what investors are watching for the best leading indicator of whether eighteen to create value out of this. Acquisition destroy value is what happens with talent for eighteen strategy to succeed. It has to keep all the best content, creators and executives who make HBO HBO because that flex is hiring in New York. I'm Sabrina shore for marketplace. Wall Street today was lousy then it was really lousy. Then it was just bad. We'll have the details when we do the numbers. Garage relations. You are a brand new member of the congress.
"craig moffett" Discussed on WNYC 93.9 FM
"I'm gonna play that piece of tape. One more time just to make sure everybody's got it firmly in their minds, we're bringing billions and billions of dollars into treasury right now. The president has been consistent in his messaging about his tariffs who is paying them. The Chinese is answer. That message has also been as to academic papers out this past weekend, demonstrate wrong that losers in the president's trade war to the tune of almost a billion and a half dollars a month are American consumers, and as marketplace's Scott Tong reports. Some of them are starting to feel about a decade ago, Columbia University economist David Weinstein, steadied tariffs and found like the president says a large fraction of those tariffs would be born by foreign producers now he's co author of one of the new studies and whoops. I was really surprised. The data showed that it was. Americans that were bearing the cost of the tariffs. The two new studies find the costs are in the lingo passed through to consumers Weinstein estimates a one percent rise in the prices of manufactured goods. So what changed in the past Chinese sellers agreed to pay the terrace instead of passing them onto US buyers because they were desperate for American business. Not anymore says supply chain consultant Rosemary Coates at blue silk consulting. So now, these Chinese companies are actually exporting all over the world. So they can look for customers and other places instead of the US, which means if you're a shopper watched the price tags and products hit by tariffs, solar panels cars washing machines. One study found protectionism even gives domestic makers the luxury to charge more at don's appliances in Pittsburgh partner. Nncholas Hillenbrand says price hikes for the past year have been crazy. There is a Maytag which is one of our best selling washing machines. Last year, we would sell that machine for four ninety nine. And now that exact machine I'm just pulling it up here. Five ninety nine all this despite rhetoric. The trade war is good for Americans. You know, the spin cycle, I'm Scott Tong for marketplace. Good and easy to win was the exact quote from the president regular listeners of this program will know that I am a student of history. And as such obliged to note that today is the thirtieth anniversary of time Inc. Acquisition of Time Warner and the of one or communications rather and the birth of the first real media mega conglomerate Time Warner we eventually got there that merger begat thirty years later, the recent AT and T acquisition of Time Warner back this past June. And now the org chart changes are coming. Marketplace's replenish, your has more on that eight hundred eighty eight Time Warner and now it is digesting it they're breaking down time defiled approach they've taken previously. Keith Snyder is with CF RAM research, rearranging various. Networks. Splitting up Turner recombining with HBO analysts expect there to be layoffs coming out of this will probably save money. There was a lot of overlap, but that's not what this is all about first and foremost, it's about strategy. Craig Moffett is senior analyst at Moffitt Nathanson, AT and T is gargantuan wants to use shows to help out. It's phone business. Wants to use the data gets from its internet and phone business to help ad sales on TV networks, so AT centralizing and reorganizing. The question is can you do that without harming the patient and the most important patient? Here is HBO that's the crown jewel of the Warner media acquisition HBO was successful. Because it was free to be creative and focus on content is going to be possible in a world where you're trying to make eight HBO subservient to a corporate strategy that is trying to maximize things like wireless on subscriptions. I'm not sure Jonathan Chaplin is a managing partner at new street research. And he says this is what investors are watching for the best leading indicate. Peter of weather AT and T is going to create value out of this acquisition or destroy value. Is what happens with talent for and T strategy to succeed. It has to keep all the best content creators and executives who make HBO HBO because that flex is hiring in New York, I'm Sabrina sure for marketplace. Wall Street today was lousy then it was really lousy. Then it was just bad. We'll have the details when we do the numbers..
"craig moffett" Discussed on The Peter Attia Drive
"Oh nine and his Trig is sixty seven. So you have a Masumi did the math correctly. I'm not. Going to check it. But if that's presumably the LDL's direct his remnant cluster thirteen milligrams per deciliter. And by the way, that's not terribly far off from what you would get by the trick by five formula. He's not that far off. Okay, fine. So where is he getting his energy? So let's say he's out for a run, right? So he's not eating anything and he's fat adapted. So he's he'll say, he's fast. Let's make it even easier. He's fasted going out for a run. So his adipose sites are releasing free, fatty acids to demand the Ottoman is taking some fraction of that to the muscle directly and they're undergoing to oxidation there. The Ottomans also going back to the liver, and some amount of that is being converted into beta hydroxybutyrate which goes down its own metabolic pathway. And some amount of that is being packaged in either of l. LDL or an ideal. Because remember they're still the Novo LDL production in the liver just as there's the Novell production. Those v LDL's ideals are leaving the liver and dropping off their payload of lipid to that tissue. So the tissues basically getting key tones from the liver triglycerides from albumin directly to the muscle and triglycerides through the ideal directly to the muscle. Do we agree on that we do? I'm just gonna expand a little bit on what you just said. So yes, it's full body light policies in that you're, he's releasing the free fatty acids in lurch. Usually calling him Necas non-identified fatty acids, but will just keep it to free fatty acids. It's getting released from all. We usually measure them by the way as one. Yeah, it's a little frustrating because a lot of terminology gets interchanged, but the free fatty acids that are ultimately making it back to its liver, getting packaged into the deals while we're talking about the target sites of the muscles for which are making use triglycerides. I should emphasize that. I believe that the primary purpose of the creation of those two replete everything. So it's not just to fuel the muscles. It's also. To put it back into the adipose sites that just now released it as well. In other words, Craig Moffett like many people who are Lima's hyper spotters if we could install a little turnstile into their adipose sites, we would see that turnstile just spinning like crazy. They barely part the triglycerides there before it's heading right back out. And that's because there's less total adipose mass overall on Craig Moffett compared to somebody who's lot heavier, and therefore there needs to be more global supply AVI LDL's relative to somebody else who has a lot more fat mass. But this depends on his energy requirement. I mean, absence. Well, he's running. I wrote a blog post on this longtime ago which I guess we ought linked to call it something about fat flex at remember the name of it. Exactly. But the gist of it was oversimplifying fat cell as having to input doors in one output door to input doors being the D-I-N-O-V-I-T-E pipe. Genesis store, which is still in hysterics side entry door, but I separated as different storage meaning it's coming from a car behind. Great, not from fat, and then you have the reaced -cation door, which is the turnstile that allows fat to go right back in. And then you have the policies door which allows the fat to exit. So a person who is in fat balance has a situation where l. like equals the sum of the Estero fide Inova Genesis plus the reaced era fide fatty acids agreed just Matt straight up balance. Yeah. So when Craig's running, he's in negative fat, flux make no mistake about it. His D-I-N-O-V-I-T-E Genesis zero. At that moment, his hysteric occasion is something and his policies has to be something bigger, right? If he's not depleting like gin, which if he's highly fatted at that, he's not. And maybe it's worth putting out a distinction. I'm not talking about whether they were successfully at the.
"craig moffett" Discussed on The Peter Attia Drive
"So read off some of his numbers just for the folks, Dave, this, he, he hasn't quite meet your lean mass because his Triggs might be a bit higher, but talking about guys numbers. So total cholesterol has five, oh, four high. This what you're doing. They're just I get this all the time where somebody sends me just that number go anyway. Total cholesterol. Five. Oh four, LLC direct in. It's worth emphasizing just real quick for the listener. When they say direct, it's very important to notice that because usually LLC on typical lab is actually calculated through the freed while to quesion Wentz direct that actually is a direct measurement that matters for remnant, hoagie chance to talk. We will talk remnants for sure. So LLC at three sixty two HD l. c. at ninety four Trig, Liz rides at one twenty five. The very first question I would ask if somebody was sending this to me is whether it was faster this was, but I've gone back and looked at all of his other Triggs and he actually normally does reside below about seventy alita. He would be typical for Linda. He might have just eaten dinner a little too late, or you know, I'm not. I'm not sure what was going on Duminy going on the particles. Yeah, go hit. The APL be is to eighty three. That actually is a little higher than I'm used to seeing LLP is above thirty. Five hundred small l. p. is fourteen eighty three small dense. LDL see is at forty, seven. All right, we'll stop there and come back to it. So I've told you that everything else on this guy looks pretty good. Is this guy at risk and actually looking ahead 'cause I would have cared about these other markers that could indicate inflammation. So for example, the fiber Jen is is very high LP LA to his above six hundred. I don't. In fact, I think I actually just tweeted about this recently. I don't know that I've seen an LP LA to above three hundred or four hundred. I think of the labs that have been sent to me and I don't get chance to interpret oxidized LDL. But you have the LDL as above hundred thirty five. So I would say by this lab is it looks I would be concerned about the triglycerides ideally want the triglycerides to go down, but is it your impression that if his tricks were normal, he would be okay. I would be interested to see if the other inflammatory markers linked back to the reasons why the tricks would be a bit higher. That would be something that'd be very curious about. But. Yes. If you were to say, I think where you're trying to drive to if I had only the information of the lipid panel itself and it did say not one, twenty five in the triglycerides make it easier. Let's pretend that this patient had zero calcium score, both zero calcium score. I'm not entirely on calcium score by do care about that thing is, I would say, if you were to give me the same numbers, let me make this easier. I've Craig Moffett SR who's very close to this except the his triglycerides are much lower if it was the same one than I would. I would wonder if there really was a risk. Yeah. Okay. So again, that is a decision that every patient's going to have to make in that situation. In the case of this patient, I feel very strongly that he is at increased risk though. I think on many other metrics, I think his risk of cancer. He's actually an Aibo e two, three patients of his risk of dementia is going to be a bit lower. He's metabolic quite flexible, but it is other inflammation markers were low, like the PPO lay the oxygen. DL all the stuff that was below would you feel he was at risk if the only thing that was different, I would still feel he is at risk because again, this is one of the three legs of the stool, right? It's the burden of life approaching. It's the end of theol- function or health, and it's the inflammatory response to it and I can't measure number two very well, right? And even number three is pretty clue. G meaning, all of these things like fibromyalgia and CRP are not very specific. So you have to sort of at the individual level, be very careful..
"craig moffett" Discussed on CNBC's Fast Money
"You could make an argument that at and t right now at nine and a half times two thousand eighteen is trading at a trough valuation i realized it's not great to talk about the dividend yield but nonetheless it's got three hundred twenty five bibs over ten year treasury bond and again it's trading well below the daily don't believe craig moffett well i think bottom line here's i think that the company while they may see forty five percent of their revenues from wireless and that businesses not a great business the reality is this stock is not expensive and it does lead you wish merger showing on i mean this stock has been beaten up and his trading at the bottom of a range i mean i can't think of all this activity looking to try to compete against net flicks could they got possibly get a net flicks valuation why why not net flicks valuation coming in a little bit if you have all of these people just fallen all over them selves to try to create a net flicks i mean it would seem to me we'll evaluations netflix would only come in if there is a belief in the market that that could work but knew that you've got some very powerful people really a lot of money behind them isn't it easier to believe that telephone you don't have to get telephone to net flicks valuation you just have to get it incrementally higher than whereas now so right now is at and t valuation better should should there be some margin expansion multiple dentures and cleveland questioned leeann related this is moffitt saying that why would at and t b priced with a net flicks valuation you do not need it to be priced with the neck phillips valuation you needed to be priced with a better valuation that it was yesterday mad money tonight jim we'll be all over the time warner decision with his instant reaction to the news that much more top of the hour a mad we our lives the nasdaq and new york city's times square much more fast money store head.
"craig moffett" Discussed on CNBC's Fast Money
"Away from what was their core business about that many years ago david it's karen let me just go back to disney for minute so the murdoch's dizzy is their preferred bidder how much will that matter ultimately if it's just a you know you know it all out war between comcast and disney yeah well you know how these or in your line of work i mean it's going to essentially go back and forth they're going to have their five day provision where they can meet anything and the ford is obviously going to have to decide whether comcast big could lead to or does represent a superior proposal to disney you know it's unclear to me what it's not just going to be the dollar amount and then you're right murdoch wanted disney stock a fox board felt like it was a better fit in some ways and therefore the fox shareholders would benefit more over time not just the murdoch but overall it's still tax free to fox holders that is the deal itself and would not be where you use cash or even if disney were to add cash that may figure into it a bit as well i don't know where the number is but i think the fox board is going to be obligated to communicate very fully about their decision making not just on the price but also on their few regulatory and timing and i think those things are all going to be in the next year all right david thank you so much your phone and i'm sure can be a busy next two twenty four forty eight hours for you david faber want to go to craig moffett for moffitt nathanson who is standing by on the floor of the new york stock exchange for us craig great to have you with us it's been about an hour or so since the decision was unveiled and released where are the opportunities in the spacing all the stock movements happening in the after our session well let's think of it as a stone thrown in the pond and the ripples that are kind of expanding beyond the the first ripple is everyone's been talking about is comcast and fox and disney that is a when not if the only the.
"craig moffett" Discussed on CNBC's Fast Money
"Check out the media sop soaring today dish posting its best day in two years comcast soaring four percent disney and time warner also catching a bit and top media analyst craig moffett says it could be signaling trouble ahead for the eighteen time word decision next week why here's what moffett wrote an email to one of our producers today if at and t loses than the speculation will start that at and t will try to buy dish instead and i think that's bananas but i don't doubt the market would think it even if it's wrong and if eighteen d loses than comcast can't buy fox and maybe would drop its pursuit of sky to both of which the market hates so what could this mean for the media space we particularly disney stands out for me that was a pitch talk for me not that terribly long ago i don't know how much upside i still see in disney i think the espn did get that boost because the potential of gambling and all the rest of that it i don't think that's going to save espn but it certainly helps so they're going to still have to absolute execute on the disney side at of dish just doesn't make sense that it would be a bit to the sector sorry all right dan saw some interesting action time warner today so wanted to break through the judge to rule on this next week june twelve and options volume positioning here going on front of this was about one and a half times average daily volume one trade that caught my eye today when the stock was trading at ninety three seventy it looked like a sale of ten thousand of the june ninety seven half call to traded a dollar ten and when you do some of the math on this this could be overwrite against a long stock position with at and t all the way down at thirty three bucks the deal price probably around one hundred bucks so if you think that there's less than a fifty fifty chance at this thing gets approved next week selling calls against your long.
"craig moffett" Discussed on CNBC's Fast Money
"A certain point so you look for example at a bowling and that stock until recently had been a of bog move up but if you look at their guidance a couple of months ago they gave guidance in such a way that it took their valuation from what was a rich twenty nine times forward earnings to reasonable twentyone but if that company didn't continue to raise their guidance at a certain point valuation matters so to answer your question i think valuation out of those three is the most important and maya now thanks more you know law coming up that or the sec trading markets division brett redfern will be here in just a few to talk regulations ico's and much more could be market moving events to stay tuned plus dealer no deal media stock soaring today in fast money friend craig moffett says it could be signaling trouble for the at and time warner decision next week we will explain when fast money return we are back with two important questions are cryptos commodities or securities and how will the sec regulate ico's let's try and get some answers to that right now head over to the sandler you'll global exchange conference in new york city bob bassani is there he is sitting down with brett redfern in his first interview ever as a director of the sec is division of trading and markets take it away bob thanks very much melissa bread we've known each other many years but this is our first interview in your role as division director of trading and markets at the sec let me just pick up on the whole bitcoin and blockchain issue we spoke to chairman clayton this morning he made it very clear that he was supportive of the concept of the blockchain but he was not going to change the definition of a.
"craig moffett" Discussed on CNBC's Fast Money
"The reaction in the after we got his rollercoaster well and it's off it's on it's off we talked about this incred moffitt sprint basically as not to gain at this point in terms of market value t mobile possibly and something to lose they are going to negotiate the best possible deal in arguably that's already in the price they have to go to these guys say we can't possibly pay a market price and so this is this is where you're at and i think tmobile who is running their business very effectively highmargin high free cash flow nine percent or so revenue growth that's great but this deal may not the most staggering piece of information to me that craig moffett said on monday or tuesday or whatever day that one of the day the air is that is that the premium to the merger if you take the premium outsprint should be two to three dollars share who'd it three dollars dollars air we look at it may sit here monday deal out of necessity both sides of this if you think about what sprint and what tim raines for years more than fifty move needed i think they've been banging each other they're they're they're punching up against horizon and it at t for the last couple of years but what they really been doing his hurting themselves for all intents and purposes so we already saw in at and t's quarter that pricing is data price is going to zero just like wireline pricing went to this wireless voice went two zero so this is like i think they all face at existential threat it's also the same reason why time order is on at and t's hitlists here because they need to diversify against derivatives rural start derivatives world real quick the november eight calls just last week were purchased a hundred and thirty eight thousand of them in sprint.