More than one dozen CEOs, including Apple’s outgoing CEO Tim Cook, and top executives will join the U.S. delegation as President Donald Trump travels to China this week, according to a White House official.
Reuters:
The companies include:
• Apple (Tim Cook)
• Blackrock (Larry Fink)
• Blackstone (Stephen Schwarzman)
• Boeing (Kelly Ortberg)
• Cargill (Brian Sikes)
• Citi (Jane Fraser)
• Cisco (Chuck Robbins)
• Coherent (Jim Anderson)
• GE Aerospace (H Lawrence Culp)
• Goldman Sachs (David Solomon)
• Illumina (Jacob Thaysen)
• Mastercard (Michael Miebach)
• Meta (Dina Powell McCormick)
• Micron (Sanjay Mehrotra)
• Qualcomm (Cristiano Amon)
• Tesla/SpaceX/xAI (Elon Musk)
• Visa (Ryan McInerney)
MacDailyNews Take: As we wrote last week:
Hopes are high for a solid U.S.-China trade deal that delivers genuinely reciprocal trade.
America’s economy is already raring to go — resilient, innovative, and powered by AI-driven productivity gains, strong business investment, and years of pent-up demand. American ingenuity is locked and loaded. A smart agreement that opens markets, protects intellectual property, and levels the playing field would be pure rocket fuel.
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Cook go. go work for trump. don’t hang around apple like a shadow. part of the fun of life is change. GO! GET! VAMOOSE!
mistakes will be made, new ideas tried, failure and success will take place. for example, intel is not going to be on time with any chip they produce. intel needs youth. tireless energy. 20 hour work days fueled on pizza and soda until they find their way.
Apple with all their cash should have banked one trillion dollars, moved to pay 50% dividends, that alone would keep the stock price high, and transitioned into energy production, and chip building. cars no, cars are a waste of time, plenty of car makers that can’t sell their cars already. but robotics, yes. that small helper, companion, buddy robot that becomes a trusted member of the family. that’s the 5000 dollar item people will finance. the robot just big enough to hold the spray washer to wash the SUV. lol. the bot that finds your car keys, the bot that starts breakfast, and protects the house. a short little, light, strong guy, that can save a life if necessary. an old person’s helper, a kid’s best friend. 20,000 dollars, no, not worth it. but 5000, it does not have to talk just have expressions. almost as good as a dog. lol, lol. best part when you go out for walks you don’t have to carry a bag. man! or come up with a doggie bathroom. that would sell big. oh yeah “WALL-E ” would do. so cook, go! if we need you we will call.
Dividends are the biggest scam in human history. Over the course of a lifetime you’re giving away hundreds of thousands of dollars of lost profits to taxes compared to stock buybacks. In the case of AAPL it’s perhaps a million $ lost.
Do the math.
you do the math. shareholders only make money off their investment if the sell it. that is ridiculous. the idea is simple. i loan you money to start, expand or, run your business, i’m not giving you money to live off of, or to live the rich life, or to have a private plane, or to give a president a bar of gold. i expect a return on the money i gave you, as now i’m part owner. now your thought is the only way i’m going to see any return on my money is i have to sell my ownership. ah no. i expect a portion of the profits and that is sound business, my cut, not this one day when, you decide, you will just buy me out, maybe. no! buybacks are Ponzi schemes. great for company employees and executives because every year the company may grant them new shares. it is a loser for those outside the company. 2% of profits paid out to shareholders should be illegal. 33% is all that a company should be able to retain in profits year to year, the rest should be distributed to the owners, shareholders. that keeps a company lean and hungry and growing. it even makes employees happy because they see an actual return proportional to how hard they work and how many shares they hold. it keeps a ceo honest. how? his bonus. that’s paid based directly on the profit the company makes from the dividends. he or she wants more more money, no problem, make more profit. it makes share prices raise as everybody wants in. now that is capitalism. hey, listen, let me worry about my taxes, the business needs to worry about making more money not if they pay me more in a dividend i have to pay more taxes, please. i not a sucker. pony up my cash. paying out those dividends are great regulators. it keeps product prices at points that move product, keeps employees focused as they can make more by making more money. keeps shares high as ceo, coo, vps, employees will themselves drive demand for shares causing the price of shares to go up. buybacks kill capitalism.