IBM Warns, Apple Sues OpenAI, Big Bank Earnings Blow-Out, EPS Bubble, Welcome to Y’all Street

**Josh Brown** (0:12)
Should I just start rapping now? If you want to. Yeah, make my music louder. I'm gonna drop a verse.
I got 16 bars for you, son.

**Michael Batnick** (0:23)
You will drop no such thing.

**Josh Brown** (0:24)
No, I'm not gonna do that. What's up, guys?
Welcome to an all new edition of What Are Your Thoughts? America's favorite investing live stream. My name is Downtown Josh Brown. I am here with my co-host, Mr. Michael Batnick, as usual. Michael, say hello.

**Michael Batnick** (0:39)
Hello, hello.

**Josh Brown** (0:40)
You are new to the show. We talk about the biggest and most consequential topics happening in the market and the economy, circa right this second. We've been doing this show or a version of this show all the way back to 2019 Did you know that, Mike? 2019 or 2018 it could be. Yeah, yeah, wow, it's been a minute. It's quite a run and we absolutely love doing it. We're so happy to see everybody who's here live in the chat. Sodaq Jason giving a shout out to Duncan, that's right. Duncan is back and behind the scenes. Cliff Peebles, I'm jealous of your hair, Josh. Well, tough luck because it's only going to get better from here.
I had my fourth consecutive monthly PRP treatment coincidentally today.
It's really not because of the life cycle of hair, it's really not until month eight that you see the full results. Look at the results that I'm already showing, having just begun in March or in April. It's really like a scientific miracle happening here.

**Michael Batnick** (1:46)
Are they asking you for testimonials?

**Josh Brown** (1:50)
There's going to be pictures of me on the wall.

**Michael Batnick** (1:52)
You're going to be the face, nay, the hair of PSP or whatever the hell it's called.

**Josh Brown** (1:57)
Shout out to Dr. Shine Bloom. He is absolutely crushing it.

**Michael Batnick** (2:00)
Oh, a Jewish doctor for a change.

**Josh Brown** (2:01)
Can you believe it? All right, guys, we have a sponsor tonight. Janus Henderson.

**Michael Batnick** (2:08)
That's right, Josh.

**Josh Brown** (2:08)
All right, go ahead, take it.

**Michael Batnick** (2:10)
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**Josh Brown** (2:31)
All right, only two stumbles in the whole ad week. That was pretty good.
Janus Henderson, no, not the worst I've ever heard. Definitely not the best. janushenderson.com for more information. And thank you so much, guys, for sponsoring the show. We appreciate you.

**Michael Batnick** (2:46)
You know the problem? My reading skills are starting to atrophy. I'm an audiobook guy now, as you know.

**Josh Brown** (2:50)
I know.
You have given up reading. All right, SpaceX. I don't have a ton to say on this. This is what I want to say is this. We were part of this wave of market commentators in the run-up to the SpaceX IPO who were sharing these tables, these charts, these statistics about how the typical IPO, almost no matter how hot it is, is not going to be able to hold its pop. Within the first year, there's going to be a big pullback. Not for every, Google is the counter example.
Google opened up and never ever looked back, right? But that's Google, okay?

**Michael Batnick** (3:40)
That's like a long time ago.

**Josh Brown** (3:42)
It's a very, A, it's a very long time ago, and B, it's, I'm not going to say one in a million, but close enough, so we were part of this, like just saying, all right, everybody's excited, it's Elon, it's rockets, it's time travel, whatever he's saying he's going to do, but number one, there's going to be a ton of stock hitting the market in short order, whether the ETFs are buying it or not, it doesn't matter, and number two, look at every other hot deal, there's been a window with a better opportunity, and this one round tripped faster than I thought, I don't even know if we bothered making a chart, but suffice to say, the stock was priced at 135, ran to 217, it's back at 136 as of today's close, and it's less than 30 days later. What are your thoughts?

**Michael Batnick** (4:35)
This went exactly how we thought it was going to go, and I'm not taking credit for that, I don't know that there was this.

**Josh Brown** (4:40)