4.4 • 3K Ratings
🗓️ 1 June 2022
⏱️ 25 minutes
🧾️ Download transcript
Jamie Dimon has a warning for Wall Street analysts and investors. (0:25) Jason Moser discusses:
- Salesforce shares rising on strong Q1 results and increased guidance
- How the Slack acquisition is going so far
- Elon Musk's ultimatum for executives at his company
- Dimon outlining how JP Morgan Chase is preparing for an "economic hurricane"
(15:41) Just in time for summer concert season Ricky Mulvey talks with Yeganeh Torbati about her reporting for The Washington Post about Live Nation and how t may have benefited from millions of dollars in grants intended for small businesses.
Stocks discussed: CRM, MSFT, TSLA, JPM, LYV
Host: Chris Hill
Guests: Jason Moser, Yaganeh Torbati
Producer: Ricky Mulvey
Engineers: Dan Boyd
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0:00.0 | Two of the most high-profile CEOs in America shared their thinking on the immediate future |
0:10.2 | of work and the economy. |
0:12.4 | Motleyful Money starts now. |
0:15.3 | I'm Chris Hale and I'm joined today by Motleyful Senior Analyst Jason Moser. |
0:24.7 | Thanks for being here. |
0:25.7 | Hey, thanks for having me. |
0:27.8 | Let's start with Salesforce because first quarter profits in revenue were higher than |
0:32.9 | expected. |
0:33.9 | Interesting to me that Salesforce raised their earnings guidance for the full fiscal |
0:39.0 | year while actually lowering their full year guidance for revenue. |
0:43.0 | I guess that means they're planning on spending less money? |
0:46.8 | Yeah, yeah. |
0:47.8 | I mean, they are definitely going to keep an eye on the expense line. |
0:51.6 | I think they talked of measured hiring and just making sure that they're getting the |
0:56.9 | most bang for their buck, so to speak. |
1:00.6 | Yeah, I mean, the downward guide on the revenue side really seemed to be more tied to foreign |
1:09.0 | currency impacts. |
1:11.7 | That's something. |
1:13.0 | We typically view those as over the long haul, over the course of years, we view those |
1:18.9 | as more or less a wash, so to speak. |
1:21.8 | We don't get too terribly worked up over foreign currency effects. |
1:25.9 | But I mean, it's always worth keeping in mind that it does exist and it certainly seems |
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