OF THE S&P 500 COMPANIES HAVE REPORTED EARNINGS AND THE BULK OF THEM HAVE BEATEN EARNINGS EXPECTATIONS. EARNINGS ARE UP YEAR OVER YEAR. SOMEONE ABOUT THE SLOWDOWN IN THE ECONOMY THAT THE FED IS SUPPOSED TO BE ENGINEERING. OUR GUEST WARNS WE COULD SEE CHOPPY TRADING THIS WEEK WITH MORE BIG TECH EARNINGS ALL TOP. WE'VE GOT AMAZON TOMORROW. WE APPLE ON THURSDAY WITH WEDNESDAY'S FED WE HAVE THE U.S. JOBS NUMBER FOR APRIL ON FRIDAY. WE'RE JOINED BY DAVID DATES, MANAGING PRINCIPAL AND SENIOR INVESTMENT STRATEGIST AT P PACK PRIVATE WEALTH MANAGEMENT. DAVID, GREAT TO SEE YOU. THANKS FOR JOINING US. TO BE WITH YOU. IT HAS A TEAM EMERGE FOR YOU FROM THIS EARNING SEASON. >> YEAH, I THINK YOU YOU'RE IS ON AVERAGE ARE UP ABOUT 6.5% YEAR OVER YEAR, WHICH IS BETTER THAN EXPECTED. BUT THE MARGIN BEATS A SURPRISINGLY STRONG RELATIVE TO HISTORY. AND SO I THINK THE NEXT FEW ANALYSTS ARE ALSO LOOKING FOR EARNINGS TO YEAR-OVER-YEAR. SO I THINK EARNINGS OUTLOOK LOOKS GOOD. I THINK THE QUESTION IS SUPER HIGH VALUATIONS AND THE LARGE CAP COMPANIES. AND OF COURSE, CONCERNS OVER INFLATION, WHICH CAN FOLLOWS AN TO INTEREST RATES. AND THEREFORE THE FED. GET TESSA, IF YOU WOULD TO, IS THIS FALSE OPTIMISM. PEOPLE SEEM VERY PLEASED. ELON MUSK HAS STRUCK CHINESE A DEAL WITH THE CHINESE TO LET THEM APPROVED HIS. >> AUTONOMOUS OR SEMI-AUTONOMOUS DRIVING. >> N DE LIMA'S CONTINUES TO PULL RABBITS OUT I MEAN, TO BE ABLE TO GO TO CHINA, GET A MEETING WITH ONE OF THE KEY LEADERS IN THE GOVERNMENT GET DOES REGULATORY APPROVALS FOR THE SELF-DRIVING TECHNOLOGY. AND AT THE SAME TIME PARTNER UP MORE ON THE INTERNET GIANTS OVER THERE BY DO NOTHING SHORT REMARKABLE. REMEMBER ALTERNATELY CHINA COULD BE THE LARGEST MARKET EVER FOR EV CARS. AND SO HE'S FOLLOWED A REVERSAL ON WALL STREET BY AGREEING TO SPEED UP THE INTRODUCTION OF CHEAPER TESLA MODELS WITH THIS BIG WIN OVER CHINA IS IS IS PRETTY GOOD. THE PROBLEM FROM MY PERSPECTIVE IS YOU STILL TRADING AT 49 TIMES EARNINGS. AND OF COURSE, WHEN YOU START TO CHEAP IN YOUR CAR MODELS, IN MY VIEW, HISTORICALLY, THAT MEANS MARGINS GET SMALLER PROBABILITY OF LESSONS. AND NOW YOU'RE STARTING TO LOOK LIKE YOU WANT COMPETE WITH THE CHEVY PAUL. WELL, I CAN BUY A GM IT 10 TIMES EARNINGS OR 49, I WANT TO SEE THOSE PREMIUM SUPER EXPENSIVE PRODUCT. ULTIMATE WHAT WALL STREET WANTS TO OF COURSE, IS THE SELF-DRIVING. THE PROBLEM IS WALL STREET IS AN IMPATIENT PLACE. YOU WANT PROFITS NOW THAT COULD BE 5 TO EVEN 10 YEARS OFF. YES, INTERESTING WHEN YOU THINK ABOUT APPLE AND THEIR INCREDIBLE SUCCESS, THEY DON'T CUT PRICES, PEOPLE MAY MAKE PEOPLE PAY A PREMIUM FOR THEIR PRODUCTS. >> YEAH, ABSOLUTELY. SO. I MEAN, APPLE IS, OF COURSE, UP IN THE NEWS TODAY THAT IT MAY HAVE A PARTNERSHIP WITH OPEN AI. THEY CERTAINLY NEED IN A WHY IT I TELL WAY TO GET THEIR STOCK PRICE GOING, GET THEIR BUSINESS GOING AGAIN. >> YOU KNOW, THE PROBLEM WITH APPLE'S PART I'M CONCERNED IS A HARDWARE COMPANY AND YOU DON'T BUY HARDWARE, YOU KNOW, EVERY MONTH, THE WAY YOU'RE PAYING FOR SOFTWARE FOR CAMPBELL. AND THE OTHER BIG PROBLEM, OF COURSE, CHINA AND OF COURSE, ARE GETTING PRICED OUT OF THE MARKET IN CHINA. AGAIN, THAT'S ALMOST 20% OF THEIR BUSINESS TO THAT BEARS WATCHING AS WELL. IT'S KIND OF INTERESTING THAT BOTH TESLA PAUL. >> FACING COMPETITION FINALLY FROM LOW-COST RIVALS. WELL, YOU KNOW, THAT'S THE NATURE OF CAPITALISM YOU KNOW, WHEN TO BECOME THE BIGGEST IN THE LAND, WHEN YOU BECOME THE RICHEST, THE MOST PROBABLE. YOU'VE GOT TARGET ON YOUR BACK BY EVERY ENTREPRENEUR, EVERY COMPANY AROUND THE WORLD. >> AND THEY'RE GOING TO KEEP CHIPPING WITH LOWER PRICES, BETTER TECHNOLOGY. YOU'RE THE TEAM TO BE AND IS CATCHING UP WITH THEM A LITTLE BIT. >> PLUS ABOUT WE'RE LOOKING AT A SCORE CARD OVER THE PAST YEAR WHILE NASA HAS CERTAIN CERTAINLY ROCK AND ROLL BUT IT DIDN'T DISAPPOINT IN ITS LATEST QUARTER. I KNOW WITH THE BIG BANKS, I'M TESS AND APPLE OF BEING A ALSO ROUNDS VER THE PAST YEAR. BY THAT MEASURE BUS AND TALK TO US ABOUT AMAZON WERE EXPECTING THEIR NUMBERS IT IS OUT OF STOCK PEOPLE CAN JUST BUY AND FORGET ABOUT. >> WELL, AS WE'VE SEEN FROM TESLA APPLE, YOU CAN'T JUST BUY ANYTHING FORGET SO WE LIKE AMAZON HERE. I THINK THE KEY ISSUE INVESTORS ARE GOING TO BE LOOKING FOR TOMORROW'S DO. THEY INITIATE A DEMAND WE SAW A COUPLE QUARTERS AT ISSUING THEIR FIRST-EVER THAT VERY WELL RECEIVED. OF COURSE, OUT ABOUT STOCK WAS UP, WHAT 10 TO 12% ON FRIDAY BECAUSE ONE OF THE REASONS WITH INITIATED OPENS YOUR STOCK TO A WHOLE OTHER CATEGORY OF INVESTORS TO DEMAND TO SEE SOME RETURN OF MONEY TO SHAREHOLDERS. OF COURSE, ALL EYES WILL BE ON THEIR CLOUD BUSINESS TO WHAT EXTENT ARE AI OFFERING TO INCORPORATE THAT CLOUD REALLY DRIVING IT. WE SEE GREAT NUMBERS COMING OUT OF FOR EXAMPLE, ALPHABET AND MICROSOFT IN TERMS OF GROWTH, THEY'RE CLUB AFRAID THAT AMAZON'S ALIVE, YOU BUT THAT'S GOING TO BE A BIT OF A SHOW ME THE OTHER THING, THIS KIND OF COMING OUT OF NOWHERE IS THE GROWTH IN AMAZON'S DIGITAL ADVERTISING. THAT'S A VERY HIGH MARGIN BUSINESS, MUCH HIGHER MARGIN THAN SELLING BOOKS ON OUR WEBSITE. THAT'S BEEN GROWING LEAPS AND BOUNDS. OF COURSE, WE'VE GOT COMPETITION THERE WITH OF COURSE, MEANT LOT. OF COURSE, THE GOOGLE SEARCH AND SO FORTH YOU BUT THAT IS A GROWTH ENGINE FOR AMAZON THAT WATCHING FOR VERY CAREFULLY. WHAT ABOUT COPPER? I EXCITED BY COPPER. DAVID BHP, OBVIOUSLY WITH THAT MASSIVE THEM WORTH ALMOST 40 BILLION DOLLAR TAKEOVER APPROACH FOR I KNOW AMERICA >> WE SING COPPER STOCKS RISING AGAIN TODAY. YEAH, SO I'M EXCITED ABOUT COPPER COURSES AT A TWO-YEAR HIGH. >> SO ALREADY MOVED PRETTY WELL. BUT WHAT I LIKE ABOUT COPPER, OF COURSE, SUCH A KEY ESSENTIAL ELEMENT FOR SO MUCH OF THE GREENING OF THE CLONES. WHEN YOU'RE TALKING TV'S, WHETHER YOU'RE TALKING OTHER WAYS GENERATE RENEWABLE RESOURCES. COPPER IS A CRITICAL ELEMENT. THERE'S BEEN NO INVESTMENTS IN COPPER, OF COURSE, FOR THAT MATTER. MOST BASIC AREAS AND COMPANIES FOR DECADES NOW BECAUSE THE MARGINS HAVE BEEN SO THAT IT'S BEEN A POOR PERFORMER. AND SO NOW WE'RE SEEING THE COPPER I DO LIKE BHP BECAUSE OF COURSE, AND NOT JUST COPPER, THEIR BIG COLD MAKES LOTS OTHER COMPOUNDS TOO. THE TRAINING ABOUT PROMO HAVE TIMES EARNINGS ABOUT 21 THE S&P 500 PEOPLE THINK IT'S ANOTHER BASIC MATERIALS LAGGARD. WELL, YOU'RE RIGHT, THIS YEAR IS DOWN ABOUT 18% VERSUS ALMOST 10 OF THE BUT IF YOU LOOK SINCE THE TURN OF THE CENTURY IS BEATING UP, FIVEFOLD IS BEAT THE PANTS OFF S&P THIS IS A VERY FOCUSED COMPANY BASED IN LONDON. 8 ERS ARE AVAILABLE, UNITED STATES AND OF COURSE, NOW THEY ARE LAUNCHING A TAKEOVER AND ANOTHER PIER. THIS A POOR PERFORMER ANGLE AMERICAN THAT THEY CAN CONSOLIDATE THAT TO, THAT'S GOING TO GIVE THEM ANOTHER GROWTH. ADDITION, YOU'VE GOT A VERY HEALTHY DO BHP IS NOT A IS SOME OF THE
