29 Burst results for "Jim Farley"

"jim farley" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:53 min | Last month

"jim farley" Discussed on Bloomberg Radio New York

"Let's go to the adjusted EPS ten cents a share versus an estimate of 2.7 cents a share So that looks like a big beat their first quarter revenue also a slight beat 575 million versus an estimate of 572.7 million This goes into the ad space the user space and just taking a look at what the stock is doing in the after hours up remain more than 8% here Yeah and with the company like this I mean that is so dependent on advertising to sort of boost that revenue And then when you see some of the weakness that you saw in a juggernaut like Google's YouTube you sort of wonder how does Pinterest sort of fit into that space here But if they've got a certain niche as we've talked about before that is willing to stick to that platform And that advertisers are willing to stick by those users then maybe this does end up becoming a much better story Ford earnings crossing the wire right now let's go to that right now because we talked about the CEO yesterday Jim Farley about this adjusted EPS coming in at 38 cent the street was looking for 36 cents The company affirming its adjusted ebit guidance of 11.5 to 12.5 billion dealer I mean we have Facebook meta results coming out Let me talk to you first here about meta platform first quarter Facebook daily active users It did look a little bit better 1.96 billion versus estimates of 1.94 You talk about Facebook that specific platform that first quarter monthly active users a little bit like though 2.94 billion versus estimates of 2.95 Let's get down to some of the nitty Gritty and the actual numbers First quarter revenue coming in light $27.91 billion the street was looking for an estimate of about $28.24 billion and you bring that down to the bottom line managing that income statement fairly well with the first quarter EPS of a two 72 well ahead of expectations of a two 56 ad revenue also coming in a little bit light Maybe as expected given some of the recent guidance of other companies $27 billion for first quarter ad revenue expectations here for about $27.4 billion Finally here Carol when you take a look at the forward guidance also coming in really light looking at second quarter overall revenue at 20 to 30 billion the street was looking for above a 30 closing in on a $31 billion So shares are jumping as much as 10% We're still maybe not as worse as feared Let's go back to when they reported last time right Mega disappointment and they talked down the numbers for this quarter So it almost feels like to some extent investors are breathing a bit of a sigh of relief Keep in mind the stock is almost down 50% this year a 54% from its high back in September So investors to some extent even though a little bit light a little bit disappointment These are still some big numbers Yeah there are certainly big numbers and you do hear Mark Zuckerberg speaking about the fact that they remain confident in the long term and you see that in the expenditures headcount was increasing 28% year over year so they're investing in people as they move towards this change into the metaverse So let's see we saw the stock decline into today You see it rising after hours has it sold off enough as the big question Yeah I mean look we're talking about a company that shares it down You almost 50% on the year just start the year here But we talk about some of the growth that you're seeing in the Facebook daily active users which I think you went through some of those numbers You're roughly up three to 4% depending on how you're measuring here And I think maybe that's showing some signs of foreign investors a little bit of an encouraging sign here that they can still grow what is engagement right Engagement and it's a mature business too And I think that's always been the concern here that when you have something that's so big and so mature how do you grow from that sort of baseline And if they're able to grow even at three to 4% that provides maybe a little bit more comfort some investors out there Why don't we ask the man who may know the answer to that question of course joining us here for meta platforms Let's bring in Mandy seeing senior technology analyst here for Bloomberg intelligence Is it indeed some of the daily active user numbers despite maybe the actual top line numbers from an income sheet that gives some relief here Yeah and also their ad impressions grew 15% So that actually beat consensus numbers So the reason why they missed the numbers is because the ad pricing declined 8% but the impressions grew 15% And that's a sign that they are holding on to the engagement So we know Facebook was making this pivot from the feed base to more videos better reels and the histogram reels And that has a lower ad pricing So we kind of expect it going into the quarter that add pricing would be down but add impressions holding up is a real positive and also they are scaling back their guide for the total OPEX So that is a sign that they're not betting as big into reality labs as they laid out last quarter So that's a good thing as well Well what about the cost though I mean because we talk a lot about the money that they're going to spend for some of these future initiatives That doesn't seem to be a concern at least right now and the knee jerk reaction by investors Yes and look they were losing about $10 billion on reality labs at least that was the number last quarter It's very similar this quarter but what they are telling us is they don't plan to increase it So that's a good thing as well as the CAPEX They were spending additional $10 billion on building the infrastructure for the Meadows Guess what That's not screwing up And a lot was already priced into the valuation Look coming into the quarter Facebook was at its lowest valuation multiple It's ever been So this is sort of a relief that expenses are growing The CAPEX is in growing and the engagement is holding up Hey man deep it's Carol here So what changed dramatically from that big disappointment in the previous quarter right When the stock just fell like a rock what's changed Well what's changed is last time they gave us a surprise that they are spending an additional $20 billion 10 billion in CAPEX and 10 billion in OPEX on this reality labs That's the first time we learned about those numbers This time around they are saying they don't plan to increase it but they plan to pair back a little bit and the core Facebook and Instagram engagement seems to be holding up quite well So I think these are definitely good numbers They missed on the top line but we know it's because of the ad pricing And I think that was sort of expected And the 43% operating margin this time last year 31% this year Is that the new normal for meta for a while So that's where the reality labs 10 billion loss comes into play That's what's eating into the operating margin but the core business the Instagram and even clear blue app despite the lower engagement continues to be above 40% in terms of the margin Just real quickly Is there a broader sort of metaverse trade here Because I mean we had Qualcomm earnings out there doing well here And I know there's been some talk that you know it's not just the content creators like a Facebook like a meta that benefit from this but it's chip makers as well Yes so the metaverse trade is more on the infrastructure side If.

Facebook Jim Farley Pinterest
"jim farley" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:22 min | Last month

"jim farley" Discussed on Bloomberg Radio New York

"Loans And Japan's finance minister shunichi Suzuki says the weekend has had a strong negative effect on the Japanese economy The yen has dropped for 12 consecutive days and that's about the longest losing streak in some 50 years In the markets at the moment dollar yen one 27 63 the Nike is trading up about two tenths of 1% The Hanks hang index is getting hit hard today down 2.7% And the tech index is off 3.6% the CSI 300 down a quarter of 1% Global news 24 hours a day live and on Bloomberg quick take Brought to you by 2700 journalists and analysts in a 120 countries In Los Angeles I'm Brian Curtis This is Bloomberg This is Bloomberg law with June gross from Bloomberg radio Was billionaire Elon Musk floating a potential tender offer to Twitter shareholders or did he just add the Elvis Presley song love me tender to his playlist As investors try to read into Musk's cryptic tweets the Twitter board made a very clear defensive move launching a poison pill to thwart an unsolicited bid by mosque to take the company private My guest is Alan cape in a partnered feral Fritz Tell us about the poison pill and how it works Twitter adopted an additional anti takeover defense in the form of a shareholder rights plan which is commonly referred to as a poison pill What Twitter did was it distributed rights to all of its shareholders that allows them to buy shares And if someone crosses a threshold trigger in this case 15% ownership without board approval all the shareholders other than the person who crossed the 15% threshold get to buy shares at a steep discount by exercising those rights It results in massive dilution to the acquiring person So in Twitter's poison pill the rights allow shareholders to purchase shares at an exercise price of $210 And I know that because just this morning Twitter filed with the SEC the full blown shareholder rights plan So the exercise price is $210 on the payment of that exercise price a shareholder.

Bloomberg shunichi Suzuki Brian Curtis Twitter Alan cape Elon Musk Nike Japan Elvis Presley Musk Los Angeles SEC
"jim farley" Discussed on WTOP

WTOP

02:57 min | Last month

"jim farley" Discussed on WTOP

"Laurel 54 at farragut square at 8 41 Tesla CEO Elon Musk's surprise attempt to take Twitter private alarm the company's board of directors but it also raised the concerns of safety professionals and outside experts who've been working for quite a while to get Facebook to confront its problems WTO sandy kozell spoke with Washington Post tech reporter Joseph men about what it might look like if Musk were to take sole possession of Twitter As one of the people I spoke to professor shish Hanna zuboff said it's more like putting it on steroids So Facebook for many is bad enough It's been complicit in genocidal mob activity in many countries It's helped extremists around the world But even Facebook while voting control is held by one person Mark Zuckerberg there's still a board and there's still the SEC and there's certain regulations they have to comply with in public filings they have to make If Musk were to succeed and take Twitter private it would be just one person without any of those checks and balances internally or externally these people told me And in addition you've got one person who was saying he wants less controls less moderation than Twitter has now So are people just guessing what Musk would do if he controlled Twitter or as you mentioned here has he spelled it all out Well he's given the highlights in a letter to the SEC for shareholders in numerous tweets and in a Ted conversation last week he spelled out the basics which is he thinks that if it's legal it should fly It should be on the site They comply with the law and that's enough And that there's too much censorship He pulled users do you think that is 80 million Twitter followers And he asked them do you think that Twitter rigorously adheres to freedom of speech or not So these positioning himself as a free speech absolutist and that was something that was fairly common to hear ten or 12 years ago on the Internet But it doesn't really work in practice According to people that have worked to Twitter and Facebook and other companies it becomes unusable if you don't moderate it at all So if there are no checks and balances in this case what's going to happen all over the place Well that we don't know but if he really lets anything fly then you would have things like the foreign influence operations being much more powerful The Russian troll factory famously had many many Twitter users that promoted divisive ideas during the 2016 election not just pro Trump but pro Black Lives Matter and incendiary on all fronts There would be a lot more of that One could gather And the problem is that if it's anything goes that favors the powerful whether they're super wealthy individuals or countries that can have thousands of government employees tweeting on the job That's Washington Post tech reporter Joseph Mann coming up on WTO the owes pick up their first series win of the season and the Nat struggled against the pirates 8 44 This summer I want to go to melwood camp accomplish.

Twitter farragut square sandy kozell Facebook shish Hanna zuboff Musk Elon Musk SEC Laurel WTO Washington Post Mark Zuckerberg Joseph Ted Joseph Mann pirates melwood camp
"jim farley" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

02:13 min | Last month

"jim farley" Discussed on Tesla Daily: Tesla News & Analysis

"So we'll go through this at a high level, and I think just kind of the opening statement is indicative of the value of the note. It says that we believe the next 12 months will show investors how Tesla and the broader auto industry are vital to transition off the fossil fuel economy and into the renewable economy. I mean, who ever thought that automakers weren't important in that transition? I can't really understand how anyone would have ever held that point of view, especially at this point. And yeah, again, that's the opening statement for this note. Anyway, it goes on to make 5 points. The first of which is that Tesla is overvalued and Tesla is undervalued at the same time. Nothing new there, genesis saying that Tesla is overvalued as a pure car company, but undervalued when you bring in some other elements. You also talks about war and inflation equals energy innovation. That I do agree with. We've talked about that plenty. The third point, investors are starting to appreciate the advantages Tesla has in going direct to consumer, while legacy OEMs are prohibited from doing so by powerful state dealer franchise laws. Well, those affect Tesla as well, there's some data here that shows that EV sales are up, and that legacy sales are down, and that's used to support this. That's not just because of the dealership situation. The fourth point just talks about how there's going to be a lot of capital being invested in batteries and renewable energy over the next decade. I think we all understand that. And then the 5th point really just talking about how it's all about the battery capacity, which Tesla and Tesla investors have been mentioning for years. So again, nothing to really pull out of that note, then the last thing we've got today is a couple of updates from Ford, Jim Farley today, tweeting out that it is time hashtag F one 50 lightning and a date of April 26th, 2022. There's also a link to the Ford F one 50 lightning page, and it includes a countdown to that date. When they are calling it their official launch of this vehicle, so it looks like probably first deliveries of the F one 50 lightning and about two weeks, Farley had also tweeted out yesterday to mark your calendar for April 20th. Of course, we know that is the date for Tesla earnings, but Ford will also be unveiling on EV concept under the Lincoln brand on that date as well. All right, so that is it for today, sorry if you picked up on some rain in the background here at the end of screening pretty hard here, but as always, thank you for listening. Make sure you subscribe and sign up for notifications and also find me on Twitter at Tesla podcast, and we'll see you tomorrow for the Thursday, April 14th episode of Tesla daily. Thank you..

Tesla Jim Farley genesis Ford Farley Lincoln Twitter
"jim farley" Discussed on WTOP

WTOP

01:46 min | Last month

"jim farley" Discussed on WTOP

"Got more troubling news about inflation prices paid by wholesalers in March were up 11% from the year before That's the biggest gain on record for what's known as the producer price index It's considered a forward looking measure as it tracks prices in the pipeline for things that eventually reach consumers Yesterday we learned the consumer price index for March jumped more than 8% over the past year Stocks though are up today the Dow was up 231 points the S&P 500 up 32 and NASDAQ with especially nice gains without up a 197 points or a gain of about one and a half percent Delta has seen bookings surge in recent weeks setting up a breakout summer as Americans try to put the pandemic behind them Delta officials say that bookings started to rise in late February and have kept going Delta also said it lost over $900 million in the first quarter but its stock is up nearly 6% today We now have a launch date for Ford's much anticipated all electric pickup and it's not far off Ford CEO Jim Farley says the official start of production for the F one 50 lightning is April 26th First customer deliveries are expected soon afterward John Aaron WTO news Coming up here we are following several stories the CDC extending the travel mask requirement to May 3rd an additional two weeks the Brooklyn subway gunman is still at large and the Biden administration expected to announce more security assistance to Ukraine All of that coming up stay with us One 56 Finding great candidates to hire can be like well trying to find a needle in a haystack but not with zip recruiter It's powerful technology actively finds and invites qualified candidates to apply to your job So while other companies might deliver a lot of hay zip recruiter finds you the needle in the haystack See why four out of 5 employers who post the job on zip recruiter.

Delta Jim Farley John Aaron Ford Biden administration CDC Brooklyn Ukraine
"jim farley" Discussed on CNBC's Fast Money

CNBC's Fast Money

04:06 min | 4 months ago

"jim farley" Discussed on CNBC's Fast Money

"Welcome back to fast money. We've got an earnings alert on Ford, the company's call is underway, Filip Boseman listening in. Phil, what's latest? Melissa, Jim Farley, CEO, just talk a few minutes ago. He's going to have the analyst questions shortly, but he wrapped it up by saying emphatically, we are through with the incremental improvement, we'll have more about his comments in just a little bit. Let's first talk about the numbers for the fourth quarter. That's the reason the stock is under pressure right now. It was a missed. 26 cents a share profit versus the expectation of 45 cents revenue a little bit lighter than expected, immediately people are saying, wait a second. Where's the disconnect here? What did the analyst miss? And we had a chance to talk with the CFO. John Lawler, just a few minutes ago, and we said, what did they get wrong? And he said, I think they might have been a little bit aggressive in terms of their expectations for fourth quarter sales as well as pricing on vehicles, maybe a little bit too ambitious in terms of their expectations for Ford. So that's their explanation for what Wall Street missed when it comes to the fourth quarter, but really 22 guidance is what this is all about. Look at the ebit adjusted. 11.5 to 12.5 billion, that would be an increase of 15 to 25% if they can hit that mark. They are also expecting a margin of 8%. However, there's a big headwind out there commodity costs. In fact, John Lawler talked about that during the conference call. He says that they're going to be facing those costs of perhaps rising one and a half to two and a half $1 billion. He also told us that the launch of the F one 50 lightning remains on track. Remember, that's expected here in the second quarter or there's no exact time when that's going to happen, but it does remain on track. Also, they expect pricing to remain strong on all of their vehicles for 2022, now getting back to the call Melissa. I mentioned that Jim Farley had some strong comments at the very top of it. The first thing he said is, we are through with the incremental improvement. And I know there are some people who will sit there and say, what does that mean? He said their goal is to improve their auto ebit emissions, all auto ebit emissions, even as they ramp up battery electric vehicle production and sales. Quite a challenge, given the fact that pricing and the cost of the battery pack, that's expected to weigh on margins at least early on as they transition into electric vehicles. Call is continuing. We're going to hop back on we'll let you know if they have anything else to say. Melissa. Phil, thank you, Filippo on the Ford conference call. Sounds like Farley setting the bar kind of high Tim. What did you make of this quarter? Well, again, first of all, for folks who feel like they missed this story as it rallied well into the mid 20s. Here's your shot. And there was nothing in this quarter that should surprise anybody. Higher costume surprise anybody on an outlook into next year. The fact that chip shortage costs them basically EBITDA ebit profitability in Europe, no surprise there. The fact that you've got still an ebit issue, no surprise. F one 50 on track great news demand and diversification of the product mix, extraordinary. It's a 7 and a half times EBITDA business or a ten times earnings number for this company, so not expensive. I just think that if you're disappointed by these numbers based upon some things that are shorter term dynamics versus the medium to long-term trends for Ford at this multiple, this is what you've been looking to buy. Karen, what did you make of the quarter? And is that 4% down not a warranted? Well, I agree with timid this quarter it was fine. I mean, was it slight missing Europe seemed to be the problem there, but I agree. That's not the story at all. This past quarter is not the story. And they're obviously making a gargantuan change to the DNA of the business. And if we see the F one 50, if that product is a hit, that will be far more important, even though the dollars at the beginning might not be huge, but it'll be far more important that whatever slight mis, commodity cost headwinds, whatever it was happened this quarter, that will be a game changer for Ford. So I agree with Tim, if this is what you feel like you missed it, you can start buying tomorrow. All right, coming up..

Jim Farley John Lawler Filip Boseman Ford Melissa Phil Filippo Farley Tim Europe Karen
"jim farley" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:34 min | 4 months ago

"jim farley" Discussed on Bloomberg Radio New York

"We want to have a portfolio of EVs so everybody can truly make the transition So we're just getting started I say climate change means jobs not to be proven And you know we're so happy to support your agenda on climate change and getting to an all EV future President Biden last week talking EVs with GM's Mary Barra and Ford's Jim Farley at an event at The White House even tweeting about building the vehicles here in the United States But the president failed to mention the biggest EV maker in the world That's Tesla And it's certainly got the attention of CEO Elon Musk I'd ludlow here with more Do you think the president is deliberately leaving Tesla out of the conversation This is a tricky one I mean look it's actually quite clear This is politics and we're not a politics show but Bloomberg's done some fantastic reporting around this According to White House sources you know Joe Biden's made no secret about his support from the unions and he needs that union support Michigan is a state where the Democrats Democratic Party can win GM and Ford are legacy automakers with a long and rich history of union assembly workers and Tesla's not It pays its workers really well through equity compensation but Biden is clearly looking at this thinking okay I need the support of the traditional base that work at these companies And that's kind of what we're hearing from The White House sources we're speaking to Well he certainly poking the bear a little bit What do we know about the conversations between Elon Musk and President Biden I mean the president has invited a number of CEOs continues to invite CEOs from Silicon Valley to The White House and come to think of it I've never seen Elon Musk there It is a cold shoulder right and you know you just have to take the bigger picture Tesla is the world's biggest EV maker It's created thousands and thousands of jobs in the U.S. Yes Tesla has moved to Texas which is traditionally a Republican state but it's really interesting that The White House doesn't acknowledge it and as you know it I mean I was in LA last year listening to Elon Musk speak at code conference He essentially accused Joe Biden of being a communist and he called this the Russian EV revolution Which are pretty strong words So it clearly grates him and we get that from his most recent tweet as well All right something we're going to continue to follow and thank you so much for taking time to break that all down At ludlow there in San Francisco we'll be watching the tweets All right coming up tomorrow on Bloomberg technology We've got Alexis ohanian Of course the cofounder of Reddit founder of the 7 7 6 venture investment fund we're going to talk about his latest crypto plays Also California congressman ro Khanna will be joining us to talk about his new book dignity and a delay And hope Cochran managing director of madrona venture group will be with us so much to discuss big show You don't want to miss it I'm Emily Chang in Seattle This is Bloomberg You know the difference between your bank and the banking business The new chief executive will take the bank in a different direction Your clothes and the fashion industry This is the new look of.

President Biden Elon Musk Tesla Mary Barra Jim Farley Democrats Democratic Party White House GM Ford Joe Biden Bloomberg ludlow United States Biden Michigan Silicon Valley Alexis ohanian ro Khanna Texas
"jim farley" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:48 min | 4 months ago

"jim farley" Discussed on Bloomberg Radio New York

"How guaranteed is the return Yeah we feel that this overall industry expected to double by 2030 from half a trillion today to a trillion Most of that is leading edge technology which Intel is only one of three companies on the planet that's able to build at that scale So we feel very strong that the demand signals for the long-term are going to make these great investments We also have a period that we had under invested in capacity and that's some of the supply limitations What I wouldn't do to have more fab capacity today So taking that together this is exactly the plan that we've laid out We're going to invest aggressively in our capital build out And this week's now or last week's announcement Emily of the silicon heartland Oh my gosh You know the president to the governor And I'll just say even though it was in Ohio every one of the Midwest states was so excited about us bringing this new capacity into the heartland of America the Silicon Valley the silicon forest the silicon desert and now the silicon heartland Ford's CEO Jim Farley told me this week that he sees no relief ahead when it comes to the chip crisis Elon Musk on the Tesla colleagues they're going to continue to be chip limited What more can the government do to bring some of that relief We see the shortage persisting into 23 and maybe even beyond That said we do think that it won't see incremental improvements as we go through the year But these are still challenging times and lots of these nodes that we have shortages on and different components shortages that we see they're not going to go away overnight So we think that we're going to be collectively fighting through these supply challenges as we go through the year That said hey as an IDM we're on manufacturing a lot of this myself Part of our strength of our business model is that we have more tools to be able to respond to these shortages than other companies do And that was a big piece of our Q four results Obviously what we're looking for is get the chips act done And I was very happy that I spoke with a speaker Pelosi on Tuesday night and maybe it was motivated by our conversation but the House version of the chips act was posted on Tuesday night probably debated next week The president's secretary of hugely encouraging Congress to finish that work probably go into reconciliation and maybe even in fact we have an approved bill in the next few weeks So the president very strong on this R announcement in Ohio just a catalyst for that because we want to go bigger and faster to restore this critical industry on American soil Can I just take you back though to the point that Emily raised just a moment ago and that is that you are investing huge amounts of money The analyst community the investing investment community looking at this certainly saying that this is something you have to do But what they're wondering I think is when do we start to see margins improving as you make this investment When do we start see a return coming back to more normal margins When do you think that point is This is a big investment cycle for us as a company It's the right one for Intel It's a critical one for the industry and for our nation And I'm proud of the fact that we're making these investments And at some point the street is just going to see we are doing exactly what we say We are a say do company And this leadership team we are so fired up because we're seeing everything that we said process leadership product leadership manufacturing capacity We're doing it on track to deliver exactly what we said we would That was Intel CEO pat gelsinger with Bloomberg's Emily Chang and guy Johnson.

silicon desert Jim Farley Elon Musk Intel Ohio Silicon Valley Tesla Midwest Ford America Pelosi Congress Emily House pat gelsinger Emily Chang Bloomberg guy Johnson
"jim farley" Discussed on WCPT 820

WCPT 820

02:02 min | 5 months ago

"jim farley" Discussed on WCPT 820

"They be successful this year The other part of we're talking about popular dot info The other part of your newsletter that I found fascinating was how giant corporations and I'm talking specifically here Mary Barra the CEO of General Motors Jim Farley the CEO of Ford two of the largest employers in the state of Michigan have openly come out and publicly condemned the efforts to overthrow democracy in America And yet those companies are pouring money down the throats of these same legislators who are trying to blow up democracy Yeah I think that's where there's a real disconnect here is that these are iconic Michigan companies They have an enormous amount of sway in the state because they're major employers and they're very much associated with the state And they have publicly come out not only just against these efforts to overturn the election but also against specifically efforts to restrict voting in Michigan But they're really not willing at this point to follow through because they're continuing to fund large group of Republicans in Michigan who are really in lockstep behind Trump and continue to participate in these efforts to restrict voting Based on Trump's urging So it's great that they're coming out and making statements but until they're willing to back up what they're saying with the way they make their donations It's hard to take it too seriously These are folks who are actively and aggressively working to destroy our democracy And yet you've got these giant corporate contribution over $1.3 million coming out of.

Mary Barra Jim Farley Michigan General Motors Ford Trump America
"jim farley" Discussed on CNBC's Fast Money

CNBC's Fast Money

03:32 min | 5 months ago

"jim farley" Discussed on CNBC's Fast Money

"Welcome back to fast money as we ran out of record 2021. Let's just dig into some stocks that have really impressed this year. We're talking three different stocks and three different industries Ford Nvidia Moderna. They all have one important thing in common more than doubling year to date. So now as an investor, is it worth doubling down? What better way to decide than a game of traded or faded? Let's start off with Moderna. The stock up 130% since the start of the year. Guy, traded or faded. One of my favorite games, Frank, and I'm going to play it correctly for a change. I'm going to fade it and you mention how much it's up to the year. But let's talk about the move over the last couple of months. I mean, this stock has got cut in half. I then since the summer, now, let me tell you, I was bullish on the same for a long time, but what I've come to realize is the bloom is off the rose. I think you're going to start seeing analysts downgrade the name at a certain point is to be evaluation play, not yet. I think it has a chance to trade down a 180 bucks. BK, what's your take? You know, what a 180 bucks I'd be a buyer that. I'm trading it here, which means buy in this game. And let me give you a couple of reasons why here. So number one, it is 50% off the high. So now I've got a stock with year over year momentum, but has come down. Why does it come down? Because we all thought that the mRNA vaccines would be a one and done type of thing. That's what people priced in. Well, now we're in the endemic stage. So we're going to continue to use this. Not only that, this technology can be used for other diseases. So in the long run, you've got a long run of innovation and potential surprises coming. So at $240, 50% off the 52 week high from August, yeah, absolutely. I want to trade this one. All right, next up sport up 136% this year. Grosso. Trader to fade it. Trade it. This one's an easy one. They've been innovative and they're moving towards the EV space like no other time in history. Jim Farley has done an excellent job leading that path and making it relatable, excited, exciting. And you know the Ford F one 50 lightning Frank, you could reverse that charge and power your house for a few days. That takes the need out of a generator for the house as well. This one is an easy one for me. It's not losing momentum in the last three months. The stock has been on fire. It's a trade. Bono and trading are fading. I'm fading it. And I have to admit Stevie G makes a lot of good points there. And sprinkling a bit of a would you rather. But when I look at some of the comps and keep in mind the EV space has justified the multiples as they make that transition there. But when I look at Ford and I look at the debt valuation and the return on equity, I just see other places where I can deploy capital, get similar type of exposure and probably get a little bit more bank from my bud. So I'm fading this one. There you go. Next up, Nvidia. The chips are storing 133% this year. BK turning back to you, traded or faded. Yeah, I'm going to go contrary on this one as much as I have loved Nvidia this year. I think it's time to fade it. And here's why. Let's take a look at valuation. Off the charts, right? 70 times next year's earnings and a rising interest rate environment, that's not going to be great. Secondarily, we already know what this company does. And I do think it's got a long runway there, but I'm not losing Clark. I'm not discovering new ground and nobody else's. So absent any type of new product here, I gotta fade it. And trader fade Nvidia. I'm shading this one..

Moderna Ford Jim Farley Frank Stevie G Bono Nvidia Clark
"jim farley" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:45 min | 5 months ago

"jim farley" Discussed on Bloomberg Radio New York

"We're moving to more advanced nodes And so I'd say the chip count is going to go up on vehicles So Jim I want to talk about your friendly rivalry at least on Twitter with mister Elon Musk I saw that you congratulate him You're very gracious Congratulate him for being named times man of the year even though you got motor trend man in the year And you said you really said an example for us Can you catch up and beat Tesla Well the first standing of this 9 inning game is for us to get to 600,000 We think that'll put us in number two And then with Tennessee and Kentucky you know we really have a chance to get to number one It depends on the acceptance of those models You know that's a couple years away So it really is on us to execute the products for them to be received as our first three halves and then to scale A lot of uncertainty but I wouldn't bet against a 14 I really admire Tesla and Elon for what they've done And it's clearly show that it always on relationship with the customer is where this industry is going not just propulsion going electric but actually having a digital relationship with the customer And I'm very thankful for that But we're competitors And I race and second is the first loser So we're going to go for it And we'll see how it goes It'll be a couple years away Yeah for those of you who haven't seen you should see some of the photos of Jim Farley behind some of those vintage race cars You do genuinely race Let me talk about another competitor though The analysts tell me that you probably will produce more electric vehicles this year than General Motors Can you stay ahead of GM Well there's certainly ramping up but we have three high volume successes on our hands So it will come down to that agile team really breaking those constraints Hard to say but we sure count on it We think we'll be number two for some time to come in the U.S. and obviously aiming for number one But they're ramping up They have a lot of new models coming out I wouldn't bet against Ford The Mach-E you know it was very successful globally And we have America's bestselling vehicle for 45 years now The F one 50 is going electric That's a pretty strong brand And the product is very well received So I wouldn't bet against Ford Fair enough Also a lot of us are getting right now with COVID and the various variants are coming up whether it's delta omara or whatever How is that affecting your operations your production operations It's having an impact You know our vaccination rate on our white collar team is about 85% we have protocols in our plants that we've been operating for two years They've held up really well I'm very proud of our team and their safety record What we're seeing now is impacts on our supply base where we're having trouble finding labor And once absenteeism gets above 20% we start to see interruption on parts shipments So we are starting to see more and more actually the last couple months disruptions Nothing that's really gaining us right now What's gating us as a chips but it's getting harder and harder to scramble every day to make our production because of some of the absenteeism we're starting to see in our supply base And finally Jim I've never seen you that didn't think his stock was underpriced at the same time I think yours is up something like over 200% since you took over as CEO Back in October 2020 can you keep up that pace in terms of the valuation of your stock Well look our stock value at Tesla's $1 trillion value would be $250 a share So I know that once we proved ourselves into the rest of the world that we are going to be a winner in this digital electric world and we can make our ice products even more profitable I see a lot of upside in the stock But that's not we're not focused on just that We're really focused on running a better business And that means really making sure ice business continues to get healthy and healthy We made the tough choices in India and in Brazil to get out of manufacturing there this year to really liberate the profitability of our ice business and we're really working hard on improving the profitability of our beds as we start to scale them So yes there's a lot of upside Don't sell your Ford stock But it's on us to deliver Always is day in and day out Thank you so much Jim for being with us That's Ford president and CEO Jim Farley.

Tesla Jim Farley Elon Musk General Motors COVID Elon Jim Ford Kentucky Tennessee U.S. Twitter Brazil India
"jim farley" Discussed on CNBC's Fast Money

CNBC's Fast Money

02:24 min | 7 months ago

"jim farley" Discussed on CNBC's Fast Money

"To Phil who's got fresh commentary from that conference call 36 minutes in Phil. Hey, melis, you talk about a strong earnings call with analysts. That's what we're hearing from Ford right now between CEO Jim Farley and CFO, Jim Lawler, what you're hearing is a very strong representation of where they believe Ford is right now and where it is headed. In fact, a couple of comments. They were asked about 2022. They both said that they believe that it will be a strong year. Now they're not putting any targets out there for 2022. We won't get that until February in terms of financial guidance, but they also believe that Ford is in the midst of a transformation, Jim Farley saying they're making strong progress in transitioning the business away from what it used to be for decades upon decades where we build the models. We sell them to dealers. We stock these dealership lots, and then you and I go out there and we say, well, I like that F one 50. Yeah, I'll buy that one. They are transitioning to a model where you and I will look whether it's at a Ford dealership or whether it's online at a model and we will customize it and we'll say that's what I want. And then you go into the order bank. In fact, they were talking about how much their order bank has grown. It's that type of discussion right now with the analyst that is getting a lot of attention. In terms of the chip supply, by the way, Melissa, they were asked how much do they expect it to improve? And they said, well, probably about 10% next year, but they expect the severity of the chip shortage to ease as it goes throughout the year. So while they do expect it the last through all of 2022, they expect the severity of the crunch to ease sequentially as you go month by month throughout the year. Melissa back to you. Phil thanks, and as Phil is talking, shares continued to climb up 7.8%. Guy, is it possible if we're stock that has gone up 77% year to date? For it to warrant a further re rating. I think so. And again, I'll say it and you can fast fire me next week, but you're gonna see analysts over the next couple of trading days, raise their price targets. I would imagine anywhere from 18 to 25. Can it go higher? Absolutely. As a matter of fact, I think this price now 1670 makes it a 6 year high. I think there's the last time we saw this, I think was march of 2015 or something. So I think people are going to have to rewrite the name. And I think you're going to see a continue to grind higher. All right, coming.

Jim Farley Ford melis Jim Lawler Phil Melissa Phil thanks dealership
Ford Fortifies EV Bet With Four New U.S. Factories

WSJ What's News

00:39 sec | 8 months ago

Ford Fortifies EV Bet With Four New U.S. Factories

"Ford motor company plans to build. Its first new. Us assembly plant in decades along with three battery factories. Continuing its push into electric vehicles. The four new factories in tennessee and kentucky are part of an eleven point. Four billion dollar investment with south korean battery maker s k innovation ford ceo jim farley says it will lower the cost of electric vehicles. We have to bring this technology to lower cost. That's why were in sourcing are batteries so we can work sky and really push the cost. It's the largest. Investment in manufacturing ford has made the companies say the investment will create eleven thousand new

Us Assembly Ford S K Innovation Jim Farley Tennessee Kentucky
Ford's Big Bet: Fans of F-150 Pickup Will Embrace Electric

AP News Radio

00:47 sec | 1 year ago

Ford's Big Bet: Fans of F-150 Pickup Will Embrace Electric

"For his formally unveiled its F. one fifty electric pickup truck the lightning port is making a big bet on the lightning president Biden got to test drive it this way the lightning will be able to travel up to three hundred miles per battery charge CEO Jim Farley says this is the path ahead we know this customer really well they trust us it if there's a company who's going to take them into an electric future it's sorta board may have a hard time selling it to people who build homes maintain lawn to plow snow Jimmy Williams owns a landscaping company in Chicago because we're working from twelve to fourteen hours every day all day yeah we don't have enough time to charge it up quickly here in the starting price for Ford's lightning is near forty thousand dollars I'm a Donahue

Jim Farley Biden Jimmy Williams Chicago Ford
Apple Working On Combined TV Box, Speaker to Revive Home Efforts

Tony and Dwight

00:19 sec | 1 year ago

Apple Working On Combined TV Box, Speaker to Revive Home Efforts

"All that. The company is said to be working on a product that would combine an apple TV set top box with a home pod speaker and include a camera for videoconferencing through connected TV and other smart home functions. Development, though still in the early phases. Harley Davidson has nominated Ford CEO Jim Farley to join its

Apple Harley Davidson Jim Farley Ford
Meet Ford's new pursuit-rated F-150 pickup for police

Bloomberg Law

00:25 sec | 1 year ago

Meet Ford's new pursuit-rated F-150 pickup for police

"Unveiling its new pursuit F 1 50 police truck. The police pick up includes special options and tuning to meet rigorous law enforcement use with speeds of up to 120 MPH. Ford CEO Jim Farley has made it a focus for the company to produce commercial vehicles. The change from police sedans to utility vehicles such as pickups and SUVs, represents a larger trend by automakers. I'm

Jim Farley Ford
Apple and Hyundai-Kia pushing toward deal on Apple Car

Squawk Pod

03:32 min | 1 year ago

Apple and Hyundai-Kia pushing toward deal on Apple Car

"Apple close to finalizing a deal with the honda kia to manufacture an apple branded self driving electric car. Wanna get straight to the man who has the news With exclusive details the lebow fill great reporter andrew it yes it would be an understatement to say that this would be huge early for the auto industry but also for apple when you look at what is possible here the multiple sources who tell me that they are working towards a deal all make it clear that these are talks that have been going on for some time and that they are moving towards a deal now whether or not it gets finalized that remains to be seen. They're keying in on production at the key plant in west point georgia. That's about ninety miles. Southwest of atlanta. It would be autonomous electric vehicle scheduled for release in twenty twenty four. But the people i talk with say look that could get pushed back to twenty twenty five twenty twenty four. They're going to have to start making steps fairly quickly if they're gonna meet that timeline and here's the most important part. It would have apple hardware and software in other words. This would be an apple car. This would not be apple software underneath a key a model. This would be an apple car. They're keenly focused on making sure that the user experience by the way it fits in with the apple ecosystem. That's a big part of this. The georgia plant by the way. It does have capacity available. And there is the key escape. Skateboard hyundai kia has an ev skateboard. But basically think about that as the platform underneath the vehicle it can be adapted depending on what the top hat of the vehicle would be that could be utilized by apple as they're working on this apple car. We reached out to apple yesterday. It declined to comment on this report or the questions we had for them. We also reached out to hyundai kia hyundai kia. Spokesperson declined to comment on the questions that we put to them regarding finalizing deal with apple one other stock or a couple of others. I wanna focus on here general motors. Why take a look at general motors. Well clearly if apple does develop an apple car and gets into this ecosystem with let's say a vehicle that is for robo taxis or for package delivery firms. Eventually it would also be a vehicle that perhaps or their vehicles that perhaps people would buy as part of their own personal buying vehicle. I'm going to buy an apple car. What are the implications for general motors. And all of the automaker's. We talked to mary barra about three weeks ago when some of these i reports were first bubbling up and we asked her this specific question. What does it mean if apple gets into this game. Here's what she had to say. I'm probably not the right person to ask what apple's plans are. We consider them to be a formidable competitor. So that's why we're working with all the capability. We have with our technology to go as fast as we can to To really satisfy in delight the customer in our vehicles and create that relationship and just incredible overall ownership experience. And guys i. I'm sure there will be some questions during the analyst called for ceo. Jim farley about the landscape in terms of competition maybe not a specific question on apple getting into the auto business as an automaker but clearly This is a space that is developing quickly and again we have talked with multiple sources who say that apple and hyundai kia. They are moving down the path towards finalizing a deal for production of an apple car in georgia.

Apple Hyundai Kia General Motors Georgia Kia Hyundai Kia KIA West Point Honda Andrew Mary Barra Atlanta Hyundai Jim Farley
"jim farley" Discussed on KCRW

KCRW

03:33 min | 1 year ago

"jim farley" Discussed on KCRW

"The New York Times. Live from NPR news in Washington. I'm Louise Schiavone. There were reverberations as far away as Cyprus says a shattering explosion tour through much of the port of Beirut, Lebanon today. The international group saved the Children, says teams on the ground report. Entire streets were wiped out with Children unaccounted for residential and commercial buildings they say have been shattered. The group's offices in Beirut, three miles away from the harbor, were badly damaged. The cause of the blast is unknown. Lebanon's Health Ministry says at least 50 people have been killed at least 2700 injured. The search there continues for bodies and possible survivors under the debris. Secretary of State Mike Pompeo has issued a statement expressing condolences to those affected by the blast. He says the U. S. Is monitoring the situation in Beirut closely and is following the investigation. Ford Motor Company CEO Jim Hackett says he will retire at the end of the quarter as Alex McClennan from member station W. D E T Detroit reports the new CEO will come from inside Ford. Hackett will be replaced by Jim fairly, who has served his Ford Motors chief operating officer since 2017. The company's executive chairman, Bill Ford, says promoting internally was plan A for the board of directors. Sometimes going outside is great, but also there's great strength in continuity, particularly if you're on the right path. Ford says The Detroit auto manufacturer will spend the remainder of the business here implementing the transition in the top job. Him fairly will take over as C E. O October 1st for NPR News. I'm Alex McLennan in Detroit, one day after President Trump called for a U. S cut of any proceeds. To the sale of Tic Tac's US operation. Stock prices fell for Microsoft is strongly interested Buyer The NASDAQ continued its climb today, gaining only 38 points, though the Dow was up 1 64 This's NPR. Tropical Storm Zaius continues its inland march of the East coast, spawning tornadoes and drenching states all along the way as it moves into New England this evening. Dayton, Ohio Today marks the grim one year anniversary of a mass shooting in which nine died, and many were hurt. Lyla Goldstein of member station W. E Y Eso has more a photo mosaic on the city's website. A video tribute to victims on Facebook, a virtual candlelight vigil. Emily Mendenhall, co owner of Lily's Bistro in Dayton's Oregon District, says the pandemic has made grieving on the anniversary of the shooting different Being a business owner. The past 15 months has felt like the myth Assis AFIS and you just keep pushing this boulder up a hill and coming back down, But you know, it's what does keep pushing the Boulder slowly deal. Mendenhall hopes the remembrance events continue the dialogue on ways to prevent mass shootings. Some area businesses will close for the day and residents Kenly leave notes at a memorial tree near the site of the shooting for NPR News. I'm Lila Goldstein, the Truck Creek Bible camp near Corbett, Oregon, is closed for the season. The Oregonian, Oregon live news outlet reports. At least 25 campers and staff members have tested positive for Corona virus. 11 campers and 14 staffers were affected. Camp. Officials said that all safety protocols had been observed on Louise Schiavone. NPR NEWS Washington.

NPR News Beirut Ford Detroit Louise Schiavone Bill Ford Jim Hackett Oregon Emily Mendenhall Lebanon Washington Dayton Mike Pompeo CEO Lyla Goldstein Cyprus Assis AFIS Alex McLennan Facebook Alex McClennan
Ford's Jim Hackett is out as CEO, to be succeeded by Jim Farley as restructuring plan fails to reignite stock

NPR News Now

00:41 sec | 1 year ago

Ford's Jim Hackett is out as CEO, to be succeeded by Jim Farley as restructuring plan fails to reignite stock

"Hackett. Will retire on October first after leaving Ford. Motor Company for Three Years Currency Oh Jim. Farley. Will take over in the middle of global restructuring effort. He'll also inherited a company that has so far failed to meaningfully boost its stock price which has remained below competitors. For years. Farley says for its competitors are no longer traditional pierce like General Motors they're often newcomers to the automotive. Renew. Our competition today dams on. By do have flow apple for Yoda and others. well-financed. Company fairly will also face the challenge of reviving sales in China the world's largest car

Farley Motor Company Three Years Currency Ford General Motors Apple China Hackett.
"jim farley" Discussed on WJR 760

WJR 760

03:21 min | 1 year ago

"jim farley" Discussed on WJR 760

"Primary Voting day is underway. Masts will not be required when you head to the polls, but you are encouraged to wear a mask Governor Wittmer telling Paul W. Smith there some constitutional reasons. To making the max masts optional at the pole. Precisely. We strongly strongly encouraged people to mask up to use hand sanitizer to make sure that they stand six feet apart from one another when they are in line vote if there's a line There are several important contests in today's primaries, Four Republicans are buying for the chance to face off against incumbent Congressman Elissa Slotkin in the eighth Congressional district. There are six Republicans hoping for the chance to face Democrat incumbent Congresswoman Haley Stevens in the 11th Congressional District. Brenda Jones hopes to unseat Congresswoman receded Toe leavin the 13th district Both are Democrats there. Michigan reporting six new Corona virus death and 600 for new cases. Health officials closely monitoring a spike in Corona virus cases in parts of Oakland County. A growing number of cases Khun be traced to graduation and prom parties. There have been 50 new cases in South Lyon and in Lyon Township. There are 16 cases. Ford Motor Company's CEO Jim Hackett, stepping down retiring after three years at the helm of the automaker, 58 year old Jim Farley has been tapped to take over the reins in a news release. It says that 65 year old Hackett, who went on Who went to Fort after retiring as the CEO of Steel case in Grand Rapids, elected to retire from the company, Farley will take over October 1st as the pandemic restrictions. These more people are on the road. You've probably noticed that Michigan State police Lieutenant Mike Shaw says they are still finding the people are not pulling back on their speed. Even though there are so many more cars on the road. I think now as traffic is kind of pushed into their people say they don't realize how fast they were going, or there wasn't so much truck got here before, you know, Then you get the same excuses that we got. You know, years and years ago, the restroom over you know I'm late for work, or I didn't cram properly. Officials are warning residents of several states to take a look at the source of onions they may have in their pantry. Hundreds of salmonella cases have been reported amid an outbreak linked to a California based facility. The CDC last week issued a food safety alert for a red, yellow, white and sweet yellow onions produced by Thompson International of California linked to the outbreak, which is second more than 400 people in dozens of states. They were shipped May 1st and sold under a variety of brand names. Experts recommend people I'll throw away onions if they have any doubts about whether they're safe. Federal, state and local health and food officials continue to investigate. I'm Scott Carr. On Wall Street. This hour, the Dow is up 103 the NASDAQ slipping down into negative territory. The NASDAQ is off seven points for W. J. R News. I'm Marie Osborne will have more with Chris Run Wick in two minutes. The Construction Association of Michigan Cam has been helping commercial and industrial contractors and suppliers grow since 18 85. They provide contractors leadership through aggressive lobbying.

Michigan Jim Hackett Jim Farley Ford Motor Company Congressman Elissa Slotkin Governor Wittmer Congressional district Brenda Jones South Lyon Construction Association of Mi Marie Osborne Haley Stevens Oakland County Lyon Township Paul W. Smith Khun salmonella Chris Run Wick CEO of Steel
Ford Names Jim Farley New CEO, Succeeding Jim Hackett

Frank Beckmann

00:23 sec | 1 year ago

Ford Names Jim Farley New CEO, Succeeding Jim Hackett

"Ford Motor Company CEO Jim Hackett stepping down retiring after three years at the helm of the automaker. The 58 year old Jim Farley has been tapped to take over the reins, a news release says. The 65 year old Hackett, who went to Ford after retiring as the CEO of steel case in Grand Rapids, elected to retire from the company Farley will take over October 1st.

Jim Hackett Jim Farley CEO Ford Grand Rapids
"jim farley" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:13 min | 1 year ago

"jim farley" Discussed on Bloomberg Radio New York

"This is Bloomberg surveillance? Certainly we've got to put a floor under the economic Cartage markets didn't believe the Corona virus could take down the world economy dollars are not necessarily finished, but quite a dog investment. That's the reality that we have to settle ourselves. This is the start of the Depression. We're gonna have a bounce back when everything is open question is what is the shape of the economy from their Bloomberg surveillance with Tom Keen and pulls on it? Amber Radio Good Tuesday morning from New York City and points beyond to our worldwide audience equity futures point to a lower open Treasury yields come in slowly, with a 10 year now nearing 0.52%. Crude remains above that $40 barrel level gold, you guessed it is up again and is nearing that $2000 per ounce level once again. It's more color on the premarket equity trading we turn to Bloomberg stocks editor Dave Wilson. Thanks, Paul Taking looking alphabet that shares are down just about half a percent in early trading headline moved just a moment ago that the company's deal to buy fit that specifically their Google units deal for fit that is facing an in depth investigation from the European Union in response to Data concerns course. This particular redevelopment comes a day after Google agreed to invest $450 million in the home security company a GT so those shares will bear watching on DH. We've got news out of Ford Motor as well. Chief Operating Officer Jim Farley is becoming chief executive on October 1st. Current CEO Jim Hackett is retiring. So Ford will definitely be a stock toe watch in early trading. Now, as far as alphabet goes, you're talking about one of the trillion dollar companies by Market Day, another one Microsoft down 1.5%. China may retaliate against the forced sale of social media app. Tic Tac's US business, which the software makers seeking to buy an editorial in the state run newspaper China Daily referred to the potential deal as quote. A smash and grab you have Calais down 2.5%. The chip equipment makers lower even though fiscal fourth quarter results and first quarter forecast beat ANALYSTSAVERAGE estimates of the Bluebird serving Calais shares had a record close yesterday after surging 82% from a march low, so there may be some selling on the news going on. You've got beeped he hired by 6% while the U. K R A Z producer had a second quarter loss. It was now or than analysts expected, thanks to profit from oil trading. BP, by the way, cut its dividend by 50% the first reduction in a decade. Take two. Interactive is up 4% of video game maker raised fiscal year forecast after first quarter earnings and sales beat estimates Activision Blizzard higher by 2.5%. Those sales do after the clothes. You've got a whole bunch of other stocks moving. I got note, the one the most active now across down 37 a half percent. The drugmaker discloses concerning a bankruptcy finally and working with advisors now across cited lawsuits over opioid painkillers. Among other issues. Bloomberg stocks editor Dave Wilson, Thank you so much for joining us. We appreciate those thoughts is Dave just reported. Ford C 00 Jim Farley becoming CEO CEO on October 1st Jim Hackett is retiring. Let's get some color on that story. We could do that with David Weston. Detroit. Michigan is old stopping grounds in the state of Michigan. David, What do you have for me? What's going on in Detroit? Well, as you say, Paul, this is very big news for Ford Motor and for the auto industry. Overall, I'd have to say, I don't think it's shocking news by any means because there was a change made in the C suite. Just a few months ago, when Joe Hendricks, who was thought to be maybe an heir apparent was moved out retired. And Jim Farley was moved up to CEO Jim Farley has got a lot of experience with Ford. Actually, his grandfather worked at the River Rouge plant believed him way back when, but he ran for Europe. He was had a strategy to moved into Cielo and Jim Hackett was there for a relatively short time. But he really tried to innovate and change the company that undertook a very important major restructuring campaign, and they're in the on the brink of really some big launches, including the new F 1 50 the most popular vehicle. The United States for I think 32 years. Yeah, it's just extraordinary. The trucks. The thie pickup trucks had just been the backbone of the U. S auto industry in general. So, David, what do you think? If you can encapsulate the strategy here for Ford, I'm sure they've had the pivot like everybody else within the pandemic. But what could have been the strategy for Ford here? I'm looking at the stock down about 28% year to date. Sinus investors have some concerns here. It's interesting seances announcers come up that backup just trading a little bit in the green now, so maybe the street is initially reacting favorite with the strategy. First of all comes from Bill Ford. His name's on the building on He's the chairman on. He picked Jim Hackett, who had been the steel case and then was on the Ford board, and it will be ultimately, Bill forward. Bill Ford has been very impatient. About moving forward into an electric future for electric vehicles. He didn't think that Mr Fields of the predecessor to have new fast enough so Bill Ford will really call the shots in terms of strategy. I really want to focus here, folks on the fact that David Westin is encyclopedic on that we know that because he's already had delivery of his new 2000 21 Bronco. No else get No one else could get the machine. There's a lot of excitement David about finally they've got a product was some real pop. But let's be blunt. This is a family run company, you know, add viscerally, and it's been a train wreck from one Ford and Alan Mulally. There's no other way to put it. Are they to interior? Do they need to go outside? We'll its initial question. I've asked that question. Actually Bill Ford in the past, Do you basically need to go outside? He thinks not. It is, as you say, a family run company, and in fairness, I worked for Ford for one summer on my father worked for Ford, so cash their paychecks, but they've got some structural problems. I think it's fair to say, how do you define it? That's between Grosse Pointe. And where else? What's a structural seriously? David, what's and in Idaho? Get in the family netting here. But what's a structural problem of this iconic American company that frankly has had their lunch given to them here? Over the last 10 years? One fundamental problem they have and Mary Bar across the street. A GM took a different tack is Europe. I mean, remember, didn't Farley actually ran Europe? They have been losing money in Europe. They're really struggling Europe. That's a tough business to be in Maribor. I got out of the business sold Opal altogether and they have not been nearly as well in China. So Chinese growth area they have not been his dominant. Okay. Come on the David. They really full disclosure, folks. I grew up in a Ford family. I was weaned on the Broncos, and they're copying now in David. To me. There's a massive issue here. Is it a board issue? I mean, is it a stacked board where Mr Ford who I adore I love his pond hockey and all that is charitable stuff. But is it a real board of directors like a GM trying to get this thing forward Or is it still the Ford Families Cos I think it is..

Ford Motor Bill Ford Jim Hackett David Chief Operating Officer Jim Fa Bloomberg Europe Google Dave Wilson Detroit Jim Farley CEO China United States Paul Taking editor New York City Depression David Westin
"jim farley" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:59 min | 2 years ago

"jim farley" Discussed on Bloomberg Radio New York

"For two chief operating officer Jim Farley getting a raise worth almost two million dollars to help engineer a turn around the struggling automaker ten year yield one point five six percent gold at sixteen OO to the ounce West Texas intermediate crude up one tenth of one percent fifty to twelve a barrel recapping S. and P. Dow nine drop of three tenths of one percent I'm Charlie palette and that is a Bloomberg business slash all right got it Charlie thank you so much you listen to Bloomberg businessweek how master Jason Kelly right here on Bloomberg radio a critical job for the world with all of his research can we suffered greatly right but he's done an incredible job and that obviously is the big news today that were following very closely here on wallstreet Michael Milken it getting a pardon among a number of people Jordan Fabian joins us from Washington White House reporter for Bloomberg as suit Jordan what do we make of this let's start with the timing because I'm not sure everybody woke up this morning and said Hey we're gonna get a bunch of pardons right yeah this this kind of came out of the blue but I will tell you Jason that Michael Milken's case has been advocated by number of people very close to the president you're Sheldon Adelson the major Republican donor Stephen Houston Tom Barack Rupert Murdoch I mean the list goes on and on and so I've yet it also seems like the president feels a bit on bird and after this surviving the impeachment trial and and move today to not only offer pardons Michael Milken but Mendes some others is political allies you've been on this list for quite awhile is their normal the cadence of rhythm about when presidents typically pardon somebody you know we had guests come in I kinda off air and say like is he done like his base present from his term and ten year and now he's doing the pardons I mean the timing seemed a little odd if what's it yeah it I think it is Carol is certainly I would not say the president is done exercising his part in power I'm usually in with past presidents you see these big splashy controversial pardons come at the end of their time in office you know thinking about your president bill Clinton's pardon of of Marc rich in two thousand you of something when they're not they're doing the things they're not facing reelection but of course the president is the Hague running headlong into his reelection race this fall but he's really not been afraid to exercise his part in power especially for people who are your champion by his political supporters are are his political supporters themselves well and I took his briefly about rod Blagojevich mean that was one that certainly grab a lot of headlines in the political world you know maybe also in the entertainment world given that he is a former contestant on the apprentice you know that was one that also to your point I had been strongly advocated for a Bible go if it's himself obviously and others yeah it is wife Patty was instrumental in this going on fox news the president's favorite television network in and appealing to the president personally to the commute his sentence and what the case he made with that the prosecutor who locked up wave it shop my Patrick fitzgerald with personal friends of James Comey who's been a big target for trump of course you you fired as FBI director blamed him for the rush investigation so that argument is appears to press into the president because he repeated those kind of statements on the tarmac at joint base Andrews when he announced that part in today this is in keeping with past pardons by other presidents in terms of the type of people who were pardoned you know it's a I I I I think past presidents have at times the apart in people who are you know they're close with me I made I mention the Marc rich pardon earlier but the president is really done done a dog to a much greater extent I mean you look at the yeah the couple dozen people is part and so far it includes your conservatives like scooter Libby then vice president former chief of staff and that's just the issues you know popular conservative columnist and so he's really again not been afraid not shying away from controversy with these pardons right all right Jordan thirteen thank you as so much reporting from Washington all those pardons and I just do want to take a minute to read some of the a little bit more the list of people who we gave what the president and the White House is rise widespread and long standing support we heard you know Sheldon Adelson Tom Berwick Ron Burkle well known investor Rudy Giuliani who in fact had prosecuted Mike Milken obviously the president's personal attorney now it's a very familiar names to our audience John Paulson well known hedge fund manager Nelson Peltz we're talking about him earlier David Rudenstine Stephen at ten a bomb of golden treat had virtue nother private equity guy Gary Winick just a couple of names Josh Harris as well bill Ford and secretary of transportation Elaine Chao Robert crap up crap like Mike Milken those been loving right for a long time or pull our people people out his behalf I mean this is something that people sort of in milk in where I talk a lot about they feel it is long overdue they feel like you know Mike milk in a in many ways was unfairly targeted in in the statement that essentially is is borne out by the president and the White House and as we talked about listen anyone who spent any time with Mike Milken and around him knows this is been one of the best second acts in American history definitely to help shift a political conversation of it today this coming out of kind of what felt like left field alright let's get back to world the national news headlines for that let's.

Jim Farley chief operating officer engineer
Ford Names New Chief Operating Officer in Leadership Shake-Up

AP 24 Hour News

00:22 sec | 2 years ago

Ford Names New Chief Operating Officer in Leadership Shake-Up

"Ford's now announce automotive president Joe Henrik soul retire effective March first the company's president of new business and strategy Jim Farley will become chief operating officer in charge of global markets and automotive operations and product development chief how Thai Tang will take on an expanded role for products services and customer

Ford President Trump Jim Farley Chief Operating Officer Thai Tang Joe Henrik Product Development
Ford top automotive executive retires in management shake-up

AP 24 Hour News

00:38 sec | 2 years ago

Ford top automotive executive retires in management shake-up

"For the nonce the management shake up following a poor fourth quarter financial performance CEO Jim Hackett says the company fell short of expectations for the year and do you blame the performance largely on the botched launch of the new Ford explorer SUV Ford's now announce automotive president Joe Henrik soul retire effective March first the company's president of new business and strategy Jim Farley will become chief operating officer in charge of global markets and automotive operations and product development chief how Thai Tang will take on an expanded role for products services and customer

Jim Hackett Ford President Trump Jim Farley Chief Operating Officer Thai Tang CEO Joe Henrik Product Development
"jim farley" Discussed on KGO 810

KGO 810

11:01 min | 3 years ago

"jim farley" Discussed on KGO 810

"Everybody's out there. Slow dancing bus get back at it. We're talking about the North American International auto show here on flying car shore. What's at sunset grill? Floyd learning to fly. Oh my gosh. They're not. No, not well shoot. Well, then you won't be there tonight. But you might be somewhere else. You know, what we're we? We finished off just laugh before the break about the Fords. Arc of their press conference beginning with mobility going into the explorer, and we were talking a little bit about how that's become the police interceptor, partly because it was the last of the rear wheel drive vehicles in in volume. And it seems like. They're everywhere in terms of when you see a police vehicle nowadays. A lot of time to is some form of an SUV. They one, of course, into the F one fifty which is the number one selling car of volume or vehicle volume around the world, but the end up with Jim Farley out there. One of the Ford executives. It is a true Mustang fan having driven across the country in a Mustang before he was sixteen and he talked about that openly with the new Shelby. And I mean, this is the horsepower we make mention a horsepower. And Alex, of course, gets very excited it descended from the heavens. They had it all rigged up. There's ran has very beautiful looking what they did is they had this video show of this car on display out in someplace, and then they show that they're hooking it up to a helicopter, and they go flying up in the air. And the next thing, you know, it's being dropped into the stage in front of us with all the drama that we expect from the events. See I would have said ascended straight. Okay. So. Yeah. Again, once Alex is excited about a horse power introduction. And it was interesting because again going from mobility to to performance and one of the conversations that came up in in several the discussions was the cost of fuel. There were a couple of stations in and around the Detroit area with the number one in per gallon on ninety nine per gallon. It's it's crazy times right now. Relative to this arc of gasoline. And oil prices that we saw over the years that all of a sudden, you know. Jim lands. From ahead of Toyota was on the stand during a one of the conferences, and he's just talking about internal combustion engine, performance and capabilities. So it was an interesting discussion. Stacey as we as we talk about alternative fuels. We talk about electrification, but then a great deal of attention paid towards performance and even a nod to gas prices and then turtle combustion engine. So it gets thanks Saudis. Thanks for thanks for keeping the supply low and super dirt cheap because you know, this stuff is gonna run out. And you know, that electric is going to win in the end because it's ultimately cheaper. And we'll keep gas prices low. So you'll sell zealous jets and missiles and what? Yeah, any of the talk is again, the the US is the world, you know, we can out supply them now with with the current technologies, but well, and then how about in Mexico. Did you hear about what happened overnight the gas line? Yes. Stealing gab. Yeah. And tapping into the pipeline the pipeline. Oh, except one explodes and kills sixty six and Balto fuel. It's unfortunate is lines. You know, what can happen? Well, you know, if you're going to tap into the line always do it to to spec. I mean, do it the inspected out there. Yeah. Yeah. So there's a lot of things going, you know, again Stacey. If you just go through the numbers, it's it it came up several times after the the the carbon trolls in such and we'll get back to those. But there's a conference called the auto model mode of news has a world congress. When we talk about the issues of the day of the changes in their analysts there in OEM executives of executives from the manufacturers. And it came up several times about electrification in terms of what the projections were and in most agree that there's going to be an acceleration of the electrification. Obviously, there's a lot of new models out there that we've talked about whether it's at the luxury end with the new Audi and we saw the BMW and Reseda Jaguar. But the numbers are still relatively low in terms of a percentage, you know, in terms of, you know, only three to five percent know, they're hoping for it to be up towards of good strong five percent by two thousand twenty and maybe maybe ten. Percent by twenty twenty-five, but still the idiots, and we just want to kill the planet. Well, once again, it's a long term short term kind of thing, you know, in short term with the inexpensive gas prices combined with the efficiency of the engine. I mean back in the day when I make a comment about the nose mobile vista cruiser that may have only gotten eight miles to the gallon. If you're driving a car now that has twenty four I mean, you're you're three to four times that and the gas is only at two dollars all of a sudden it becomes almost as cheap as it was back in the day. Relative to how far you're going. It's kind of a crazy time because it was tracking towards you know, maybe the the economics behind it was going to push his towards electric internal combustion was going to be more expensive or the gas was going to be too expensive. People would be like it. And then what we're finding electric the other challenge. And that's what we talked about a little bit last week with our our panels is the infrastructure in terms of how do we charge these vehicles or how do we get the power? Into them. I guess I look at it. As when I was growing up, you could smoke inside of restaurants. That's and I and now the whole thought that you would eat your dinner while somebody was smoking next. He'll is just disgusting. Like, no one does that at least in the US that is the way, and it can't happen soon enough that I would like us to look at ice vehicles that it is your smoking, and your how can you do that to your surrounding area to the environment? And I it can't happen soon enough. Yeah. Got it that way. Yeah. If you look at it, you know, again long-term, and and that's the the end goal or that we truly believe is going to be electric there still is the, you know, the development of batteries to be more capable or again is some people put it very simply it's just energy storage or energy transferred to motion. And it's how how do we do that most efficiently? And when we talk about the flying car, that's really going to be part of the conversation. As we do that one of the things that's associated with the North American International auto show, where the trade is what they call autumn ability, and that's D as in Detroit at the end, and they had a vehicle. They're called assure Fleiss. They get very excited. It's a two person would effectively be called a two person drone. But it it has the four corner blades, although there's two on each corner. So it's eight Motors altogether counter rotating, and they're actually test flying it now, this is a this is a vehicle out of Ohio that is in the air. This is a company that makes the electric vehicles for UPS, and they make commercial electric so it straight up legit. We we see and hear about so many of these flying car. Ideas or or experiments this one is being flight tested right now again, it's just a two person. But you know, what through was very similar to what belt has to go through. They have to flight tested as a hybrid right now because they can't get the battery to get them in the air long enough to go far enough to make it worthwhile. But they're assuming that it's going to be all electric, I'm fine. As soon as long as everyone is acknowledging that we need these vehicles to be electric, and that they the the if you test them in a hybrid manner with the intention that when they go to commercial service, it will they'll be electric. It's like, you know, what can I say the batteries aren't there yet? But they will be by the time that flight is that craft is approved. And I'm sure they're very happy about that. Because when they were demonstrating me, and they said hybrid, they kind of made a scrunchy face gone is Stacey going to be okay with this. I go. I'll explain it to her. Maybe she will be okay with it. So give him a pass until the batteries. Are there part of it for for electric cars? We got it. You know, it's not only the exhaust. But it's the noise or the fact that there isn't much there. So quiet. I mean, that's been problematic in some cases, where somebody's backing up and doesn't know especially when you're talking about flight when think these are going to be over people's heads. It's like that's why people have been so annoyed with having helipads put in even for emergency purposes here in San Francisco, they fight them tooth and nail. Because no one wants that. And that's. I can member friend telling me how they worked at the hall of Justice. And there was a time this emphasis co police had a helicopter, but it was a Vietnam era bell Huey or something like that. And they said when that thing landed at Bryant like everyone around everything. So I can understand the technology as far as the percussion and the sound is getting there's three sources of noise in a traditional like a bell. I it's the big rotor, which is making a lot of noise the tail rotor. And then the the motor itself would all contribute to this concoction of noise, which as a young boy, you thought was amazing because that was your goal in life was just to make noise and hear what this was doing all the work for you. So anyway, so finishing off on the auto news congress. I wanted to just tell you Stacey not too similar to the broad attitude that we had from CAS use the term kind of a Thomas fatigue. People are putting off, you know, full autonomy a little bit. You know? In other words, people are talking about it. But we're starting to hit these. Roadblocks or these speed bumps of either regulatory or other things. So let's talk all about the well, that's I mean, but I the only photo to make me happy on Twitter. You know, while we're talking cars cars cars is seeing a hundred fifty way MOS wrapped getting ready to, you know, go into service in the Phoenix area. That's something I can get excited about because they are doing it. They are driving. They are having commercial service has begun. And this is this is real. Well, unfortunately, again every now, and then we start talking about it. We get excited about whether it's all electric or all the Thomas and other breads, the at least. Yes, we just have to slow down. And we're still going in that direction. We're still developing it. And that's why we're going to keep talking about it here on the flying car. We need to take another break. This'll be our last one we've got one more segment to go. And we'll finish talking about the Detroit auto show and other things in the world of autonomous car. And the transformation of transportation. Thanks for listening. Don't go. I'm Jay Farner, CEO.

Stacey Detroit Jim Farley US North American International Alex Thomas Floyd Toyota Audi Shelby Ford Mexico BMW Twitter
Ford Mustang: Meet the collectors who made it unstoppable

Stu Taylor On Business

00:33 sec | 4 years ago

Ford Mustang: Meet the collectors who made it unstoppable

"The ten million Ford Mustang rolled. Off the automakers. Flat rock assembly plant in Michigan. Today Jim Farley. The executive vice president of Ford. Says this is. A great. Time for the blue oval Mustang so special for the company ten million. It's the best selling sports car. In the world now we started exporting a few. Years ago and and we exported from Michigan about a half. A million units now. So it's a big day for four ten million we're hearing the car will be used as. A promotional vehicle at Ford dealerships across the country. And then quite possibly could end up on the auction

Chris Barnes Ford USA Bill Clinton President Trump Michigan Executive Vice President James Patterson Jim Farley America Mustang Alfred Dawson Little Brown
Mustang, Ford Motor Company and Steve McQueen discussed on The Joe Piscopo Morning

The Joe Piscopo Morning

00:50 sec | 4 years ago

Mustang, Ford Motor Company and Steve McQueen discussed on The Joe Piscopo Morning

"In fact they're celebrating fifty four years. And the ten million Mustang to roll off the line it's a. Very big deal at the flat rock assembly. Plant and celebrating it with? Many others Ford Motor Company, executive vice president president of, global, markets, Mr. Jim Farley James good morning to you good morning. Paul W how are you I am excellent I only wish I could be there with you this is a this. Is going to be Great celebration It's a big deal for, the company ten. Million vehicle we're going to be building in, Wimbledon white which was launched color in nineteen sixty four as. You said so over over fifty years ago and for the men and women in flat rock here, in Michigan we now sell Mustang in one hundred and forty six countries around. The

Mustang Ford Motor Company Steve Mcqueen Michigan Jim Farley Paul W Executive Vice President Mr. Jim Farley James Detroit San Francisco President Trump Golf L. Longside Amina Ethanol World Suttons Bay North American International Facebook Germany Moore
Ford will speed shift to SUVs to boost profit, shares

01:48 min | 4 years ago

Ford will speed shift to SUVs to boost profit, shares

"A to be allowed to buy his stake in skybridge capital it would be hard pressed for me to believe that this firm is a direct threat to the nations national security team itself up with the committee on foreign investment in the united states has been reviewing the plan to purchase since last month syphilis as it's called has been getting tougher on foreign deals lately under the trump administration scaramucci worked briefly for the white house this summer before trump fired him and of course h n a has been under the microscope in china for its debt fueled acquisitions spree well move over toyota that's what ford motor is hoping ford plans to drive to the top of the us hybrid heap more from bloomberg's ramy inocencio jim farley president of ford's global markets and a former toyota executive self says ford expects to surpass toyota and be number one in hybrids by twenty twenty one to that end ford plans to build gas electric versions of all of its most popular vehicles by then including the f one fifty pickup escape crossover and mustang muscle car ford has been punished lately by consumers and investors for fielding too many stale suv's and being absent from several fast growing segments ramy inocencio bloomberg daybreak asia well positive or perhaps a contrarian indicator most of the stocks in asia are a by right now if you believe what analysts are saying we have more on that from bloomberg's yvonne man that's right when it comes to asian stocks there's hardly a loser in the bunch at least judging by the number of by recommendations among the eighteen thousand analysts ratings for mci asia pacific index firms sixty percent are a and that's the most since october twenty eleven the highest portion is for energy shares still buyer beware because too much.

United States White House Donald Trump China Ford Motor Bloomberg President Trump Toyota Asia Skybridge Syphilis Jim Farley Executive Twenty Twenty Mci Asia Sixty Percent