Tom Lee Sees Upside, Apple’s New CEO

**Josh Brown** (0:13)
Ladies and gentlemen, welcome to What Are Your Thoughts?
One of the longest running shows on The Compound channel. My name is Downtown Josh Brown. I am your host. I am here from rainy Dallas, Texas today. Michael, when's the last time you've been to Dallas?

**Michael Batnick** (0:29)
Two years ago. It's pretty windy.

**Josh Brown** (0:32)
It's not windy today, but it's, I mean, I-
I like it, cause I have to be indoors all day. We went to this thing called the Design District last night. It's like a little bit Miami, a little bit Vegas, but in downtown Dallas.

**Michael Batnick** (0:46)
How was it?

**Josh Brown** (0:48)
I mean, we went to Carbone. It was great. They have Delilah, which I think is from the Wynn Encore. They have one of those here.

**Michael Batnick** (0:58)
I feel like you're eating too much Carbone.

**Josh Brown** (1:00)
I'm Carbone Maxing.

**Michael Batnick** (1:03)
Is this three times in three months?

**Josh Brown** (1:04)
You want to know that I'm going to Carbone on Thursday night in New York?

**Michael Batnick** (1:07)
Shut up. Is this a joke?
Are they paying you? That's it though.

**Josh Brown** (1:13)
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All right, Josh, the cat got my tongue. It really did.

**SPEAKER_3** (2:42)
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**Josh Brown** (2:44)
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Tim Cook stepped down and wrote a really beautiful, tremendous, beautiful letter.
And it was kind of, I think it was kind of surprising. People weren't, this was not, I don't know, do you think this was in the air?

**Michael Batnick** (3:33)
Not my air.

**Josh Brown** (3:34)
Right. So he took over when Steve Jobs passed in 2011 So it's a solid 15 years. And maybe that was the, maybe that's the timing, or maybe it's more, he recognizes what Apple needs right now is somebody more decisive.
Not that he can't make decisions, but he's not really known for being a hard charging kind of visionary. He's been an incredible, some would say one of the best CEOs of all time. Well, the market, the market would say expectations. Yeah.

**Michael Batnick** (4:05)
Mark would say that. Throw up this chart, John. So this is a chart of the market cap that Tim Cook added since becoming CEO.
And when Steve, actually chart off for a sec. When Steve Jobs died, there was a massive amount. He was a visionary.
Apple was Steve Jobs, Steve Jobs was Apple. It was not a foregone conclusion that Tim Cook would take them to the next level, which they did. They went to the next level. So they added $478,000 in market cap per minute since Tim Cook became CEO.

**Josh Brown** (4:45)
Come on.

**Michael Batnick** (4:46)
600 I have to fact check this because it sounds fake.
$683 million a day and $4.8 million a week and $20 billion per month. $21 billion a month for 15 freaking years.

**Josh Brown** (5:04)