The Jay Doherty Podcast
Episode 39
August 17, 2018
This episode of The Jay Doherty Podcast was previously livestreamed. This is the recorded/edited version.
Stories discussed on this episode of TJDP:
Trump’s Military Parade Postponed to 2019.
President Trump decided to reschedule his long-awaited military parade to at least 2019 saying he will attend similar military parades at Andrews AirForce Base, and he only cancelled because of budget reasons.
However, according to some media outlets, it cost $92 Million just for the balloons. But… Secretary of Defense James Mattis quickly put that myth to rest saying that if you believe that, you must be smoking something that’s illegal in most states.
While this story broke last night, and I tweeted out this as soon as it was confirmed, it was only this morning when President Trump confirmed it personally on his twitter.
The local politicians who run Washington, D.C. (poorly) know a windfall when they see it. When asked to give us a price for holding a great celebratory military parade, they wanted a number so ridiculously high that I cancelled it. Never let someone hold you up! I will instead…
— Donald J. Trump (@realDonaldTrump) August 17, 2018
….attend the big parade already scheduled at Andrews Air Force Base on a different date, & go to the Paris parade, celebrating the end of the War, on November 11th. Maybe we will do something next year in D.C. when the cost comes WAY DOWN. Now we can buy some more jet fighters!
— Donald J. Trump (@realDonaldTrump) August 17, 2018
Chinese Military may be training troops to target U.S.
According to CNN, China is actively developing its fleet of long-range bombers and “likely” training its pilots for missions targeting the US, according to a new Pentagon report.
But.. if his plan succeeds, the new stakeholders will probably have a much louder voice inside Tesla than the analysts and short-sellers he despises today. They could conceivably demand changes or even his ouster.
Musk said he wants Tesla’s stock to be taken private at a premium value of $420 a share, but he also expects about two-thirds of shares now held in the publicly traded Tesla (TSLA) to maintain their current ownership.
That suggests at least 33% of the shares would need to be repurchased before the company could be taken private. That block of stock alone is more than Musk owns or could buy by exercising his options (his stock and options are equal to about 22% of Tesla’s oustanding shares).
And he doesn’t have a lot of free cash to make significant additional purchases, as most of his non-Tesla net worth is tied up in his other company, privately held SpaceX, according to Gene Munster, managing partner at Loup Ventures and a top tech analyst. – CNN’
Sources include CNN, CNBC, The New York Times, Wikipedia, and other trusted content partners of Jay Doherty.
Jay Doherty
2018
Podcast: Play in new window | Download
Subscribe: RSS