The Genius at Apple
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 11 October 2019
⏱️ 42 minutes
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| 0:00.0 | This week's monthly full money brought to you by NetSuite, the business management software that handles every aspect of your business in an easy-to-use cloud platform, |
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| 0:30.5 | Everybody needs money. That's why they call it money. |
| 0:39.5 | I'll best stay there like my free, but you can give them to the present be the future. |
| 0:46.5 | From full global headquarters, this is Motley Full Money. |
| 0:50.5 | I'm Chris Hill, joining me in studio this week's Senior Analyst Jason Moser, Aaron Bush, and Ron Gross. Good to see you as always, gentlemen. |
| 0:57.5 | Hey! |
| 0:58.5 | We've got the latest headlines from Wall Street. We'll talk with bestselling author, Leander Cainy, about Apple CEO Tim Cook. |
| 1:04.5 | As always, we'll give you an inside look at the stocks on our radar. |
| 1:07.5 | But we begin overseas. The NBA is playing preseason games in China. |
| 1:12.5 | Last week, Darryl Mori, the general manager of the Houston Rockets, tweeted support of anti-government protesters in Hong Kong. |
| 1:19.5 | Suffice to say, this did not go over well with the Chinese government and state-run media. |
| 1:24.5 | The ripple effects of that one tweet are being felt not just in the business of professional basketball, but in the business world in general. |
| 1:33.5 | And Aaron Bush, I'll start with you as the NBA and its players and executives wrestle with the extent to which they exercise free speech in and about China. |
| 1:42.5 | It seems like over the past week, a lot of investors are discovering that the businesses they own shares of are engaged in various levels of self-censorship at the cost of doing business in China. |
| 1:54.5 | Right. This is a very big topic. And it's interesting when you think about it. The issue is being framed by the masses as something that's binary. |
| 2:03.5 | Companies are either choosing to support democratic values or money. And while there is some truth to that, these decisions are actually pretty complex. |
| 2:12.5 | So all of these companies operate in China have to think through because over the years they've grown critically reliant on China in multiple ways. |
| 2:20.5 | For example, most of Apple's supply chain is in China. Disney has invested billions of dollars into parks. They have thousands of employees there. |
| 2:28.5 | They've literally just made Activision Blizzard's last game. So saying no to China when they want you to act a certain way is more complicated than just money and how it would affect a shareholder or some rich person behind the scenes. |
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