MUSK THINKS BIG: SpaceX CEO predicts revenue could reach $3.5T by 2033

MACRO WITH HOWARD CAPITAL MANAGEMENT CEO PORTFOLIO MANAGER VANCE HOWARD. GREAT TO HAVE YOU ON THE PROGRAM. I WANTNTED TO START WITH SPACEX WHERE WE ENDED UP BECAUSE I'M JUST SHOCKED BY THIS COMPANY FOR MY DAD'S ONE HE SAID HE GOT EXCITED ABOUT A SHARE OR TWO AT 115 BECAUSE HE JUST WANTED TO BE A PART OF THE RACE. HE JUST WANTED TO HAVE ONE LITTLE PIECE OF ELON MUSK. HOW DO YOU FIND SHARES AT THIS A PRICE AROUND 130 OR 140? >> IF YOU LOOK AT THE CHARTS, THEY GOT SOME RESISTANCE COMING UP I THINK IS GOING TO THE 150 LEVEL TO BOUNCING AT THAT 145 LEVEL AND BOUNCING OFF THAT IF YOU CAN TRADE THROUGH THAT WE CAN SEE SPACEX MOVE HIGHER. I AGREE WITH EVERYBODY PAID SPACEX IS PROBABLY GOING TO BE ONE OF THE VALUABLE COMPANIES OUT THERE. WE'LL MEET WORK OUT ALL THIS BUT WE ALSO A LOT OF SHAREHOLDERS THAT CAN OPENLY SELL THEIR SHARES ON THE OPEN MARKET THEY WERE RESTRICTED FOR A PERIOD OF TIME SOURCING SOME OF THOSE INDIVIDUALS TAKE PROFITS OFF THE TABLE WHICH SHAKEN CHIPS OFF THE TABLE IS NOT A BAD THING BUT I THINK SPACEX IS GOING TO DO VERY, VERY WHAT'S GOT RESISTANCE FROM THE 145 LEVEL BREAKTHROUGH THAT I THINK YOU COULD SEE SPACEX MOVE HIGHER REASONABLY QUICK. TAYLOR: WERE ALSO TALKED ABOUT THIS WEEK THIS SOFTWARE VERSUS HARDWARE PUT SOME OF THE CHIPMAKERS ARE ACTUALLY NOW LOWER AND IT IS THE SOFTWARE THE STOCKS THAT ARE MOVING HIGHER. IT WAS A WORKDAY, SALES FORCE WE HEARD A LOT FROM THE SOFTWARE MAKERS THIS WEEK. ONE STOCK YOU ARE TALKING ABOUT INDEED IS SALESFORCE. THE FORCE WE WERE NO LONGER WORRIED ABOUT THIS. CLOSEST THING WE HAVE TO WEAR BACK TO SOME DEGREE. A LOT OF THESE TECHNOLOGIES STARTS WERE OVERSOLD ESPECIALLY SOFTWARE LOOK AT AGV WHICH IS THE ATF OF DIFFERENT SOFTWARE STOCKS ARE STARTING TO MOVE BACK UP INTO SALESFORCE HAD A GREAT BREAKOUT IT BROKE OUT OF THAT LEVEL OF RESISTANCE IT WAS IN A DOWN TRADE INVESTMENT BACKUP INTO AN UPTREND. I THINK IS A GOODBYE. THE NEWS THAT CAME OUT WAS VERY OPTIMISTIC AND VERY ENCOURAGING. THINK IT'S A SOLID COMPANY I THINK EVEN IF YOU BOUGHT IT HERE AFTER THIS RUN UP OVER THE NEXT SIX MONTHS TO A YEAR YOU'LL BE PLEASED WITH YOUR PURCHASE. TAYLOR: GOING TO MOVE FROM THE MICRO BACKUP TO THE MACRO. WHAT DID YOU MAKE, I ALMOST SAID JAY POWELL KEVIN WARSH EXCUSE ME THE NEW CHAIRMAN IT'S A FIRST TIME IN A WHILE WE ARE FINALLY NO LONGER SAME JAY POWELL WHAT DID YOU MAKE OF THAT SPEECH THIS MORNING? >> THINK HE WAS PRETTY MUCH SPOT ON HIS LOW MORE HAWKISH THAN WHAT WE ARE USED TO FRAGRANT THE STATEMENTS HAVE NOT BEEN SO OPEN WITH THE PUBLIC YOU DO NOT HAVE TO TELL EVERYTHING YOU'RE THINKING TO THE PUBLIC EVERY SINGLE MINUTE OF EVERY SINGLE DAY. BY THINK WHAT HE SAID, PEOPLE WERE IN TO ZIP AND THINK THE MARKET SELLING OFF A LITTLE BIT TODAY WHICH IS GETTING PEOPLE TO BUY STOCK AT A LITTLE BIT OF A DISCOUNT. FOR AFTER HIS SPEECH THING INFLATION IS NOT UNDER CONTROL FROM ALL PROBABILITY HE MAY RAISE TORTS IN THE NEAR TERM IS MARKETS ARE HOLDING UP REALLY WELL. TAYLOR: WHAT IS IT DUE FOR RISK ASSETS HE LAID OUT IN THAT SPEECH THE LABOR MARKET LOOKS GOOD AND STRONG. THEREFORE WE HAVE TO BE REFOCUSED ON THE PRICE STABILITY. WHAT DOES THAT MEAN FOR RISK ASSETS? >> WHEN THE FED MANDATES AND PEOPLE DON'T REALIZE IT IS PRICE STABILITY ITS S EMPLOYMENT FOR EMPLOYEES ARE GENETICALLY HIGHER THEY HAVE A MANDATE IF YOU READ THE MANDATES OF THE FEDERAL RESERVE TO TRY TO KEEP EMPLOYMENT AT A LEVEL THAT IS REASONABLE I THINK IS VERY REASONABLE LIKE NOW UNEMPLOYMENT HAS DROPPED EMPLOYMENT IS A VERY STRONG. HIRING IS OUT. I THINK SOME OF THE ISSUES IS NOT TO MOVE TOPICS BUT OUR NATIONAL DEBT IS INCREASING WITH SUCH A RAPID RATE I THINK THAT'S CAUSING A LOT OF GRIEF AND FEAR A LOT OF PEOPLE LOOK AT THAT. WHAT FED CHAIR WARSH THE WAY HE BEHAVES THE WAY PRESENTS PROBLEMS IS VERY LOGICAL DOES INVESTORS A SENSE OF CALM AND A SENSE THERE IS A REASONABLE PERSON DRIVING THE TRAIN. TAYLOR: THAT IS HOW WE CAN START TO VIEW HIM. VANCE HOWARD ROSS OF THE ADULT IN THIS ROOM, WE APP