The Best One Yet - 💊 “The iDoctor will see you now” — Apple’s health mojo. Waymo’s $2.5B map. Deutsche’s profit ship.

Episode Date: June 17, 2021

We just got an update on Apple’s secret “Project Casper”: Apple Doctors. A random ship has become Deutsche Bank’s most profitable investment of the year. And self-driving icon Waymo just raised $2.5B, but its secret weapon is Google Maps.$ZIM $DB $AAPL $GOOG $GMGot a SnackFact? Tweet it @RobinhoodSnacks @JackKramer @NickOfNewYorkWant a shoutout on the pod? Fill out this form:https://forms.gle/KhUAo31xmkSdeynD9Got a SnackFact for the pod? We got a form for that too:https://docs.google.com/forms/d/e/1FAIpQLSe64VKtvMNDPGSncHDRF07W34cPMDO3N8Y4DpmNP_kweC58tw/viewformLearn more about your ad choices. Visit podcastchoices.com/adchoices Hosted on Acast. See acast.com/privacy for more information.

This is Nick. This is Jack. And this is Snacks Daily. It is Thursday. The new Friday, Jack, June 17th. Stocks fell. Yeah. Still, though, I mean, this pot is, I think this is the best one yet.

Stocks fell by a half percentage point yesterday. Yeah, they did. The performance of this pod is a half percentage point better than yesterday. TBOY, Jack, what's our first story over here? Tim Cook says Apple's greatest contribution to mankind will be in health. Get this, Snackers. Your next doctor could be an Apple doctor. For our second story, Deutsche Bank made a hundred million dollar bet on a lot.

a struggling Israeli shipping company. And that bet has made more profits than the entire rest of this bank. Yes. True story. Third and final story, Alphabet has a self-driving car company. It's called Waymo. And Waymo has a secret weapon. It's called Google Maps, baby.

But Snackers, before we hit those three wonderful stories. This is the best mix we've ever done, Jack. The quickest transfer of wealth by hand motion we've ever seen. I mean, Jack, one man moves his hand, billions of dollars, disappears. Soccer legend, Cristiano Ronaldo with abs of steel, was at a press conference yesterday. Yeah, and all 14 of his abs have been playing in the Euro championship soccer tournament for the last week. His quads were bulging, but no one was looking at that. And it also wasn't what he said. It wasn't what he was wearing. It was what he moved with his hands. Yeah, Snackers, Christiana Ronaldo picked up two bottles

of Coca-Cola. He slid them off to the side. Yeah, he did. And then grabbed a bottle of water instead. Yes, Floyd Mayweather does this kind of thing too. If y'all laid paying me, it can't be next to me. But, Nick, I don't think Rinaldo moved the Coca-Cola because he wasn't doing a deal with Coca-Cola. No, it definitely wasn't that. He looked at the bottles with disgust before moving them out of the camera's view. Because those 14 abs are aggressively healthy. So, boom, Coca-Cola stock dropped by 1.6% right after this happened, right after it went viral online.

$4 billion of market value. disappeared in a moment. Because soccer is the world's beautiful game. And Ronaldo is the world's beautiful plan. Ronaldo has 300 million Instagram followers. Ronaldo's basically the fourth biggest country on Earth. And if Ronaldo is throwing shade at soda, then Earth's not drinking as much soda.

If Ronaldo's chugging water instead. Then Earth's peeing clear. Snackers, let's hit on three stores. You're tuned in the snacks daily. We spoke to the lawyers and we got to get something legal out the way. The snacks are about to hear. food is air candy they don't reflect the views of the robberhood family it's all informational just so you know we're not recommending any securities nope it's not a research report or investment advice

not an offer or sale of a security right snacks is digestible business news for you robberhood financial LLC member fenra slash sipc for our first story apple wants to hire apple doctors to build an entire apple health network real thing That huge secretive push into healthcare by Apple just took a big hit. Now, Jack, I don't want to interrogate you over here. But do the words code name Casper mean anything to you? Two things. Friendly Ghost and Mattress, mattress, mattress, mattress.

Yeah, they do because we got a PFWTM situation going on over here. Yes, apparently Project Casper is Apple's internal secret code name that refers to their new initiative, which is to get into the healthcare industry. Yeah, a little weird to name healthcare product after Ghost, basically. The ghost comes back to life. He does, but only after he's been kissed. Again, it's a weird plot one. Weird, delightful.

At the end of the movie, you're happy. But in the meantime, Apple said, you know, with this secretive health care initiative of ours, we're going to need some doctors, some Apple doctors. So they hired at least 50 doctors, according to CNBC reporting. And they asked those doctors not to post that they got hired by Apple on LinkedIn, to keep it a secret. You're not going to find this stuff. You can't endorse them for anything.

I got an iPhone 12 Macs here for you if you keep your title, experienced health care professional. Also in the meantime, Jack and I noticed that Tim Cook laid out this whopping quote alluding to Apple's health care desires. He said when people look back at Apple, I want them to think that their greatest contribution to mankind was in health. Yes. Not tech gadgets, health. Bold statement. Not AirPods, health. And then there's the privacy. Oh, the privacy. Apple's obsessed with privacy, which could be setting the foundation to handle your private sensitive health care data. I mean, Jack, if you've got that thing on your thigh and you've got a dose of thytastrosol, you don't want the whole world to know about that, you know?

Nick, I'm seeing a future bundle here. They can have a monthly health care subscription and they could call it Apple Care. Actually, they can't call it Apple Care. That's their like gadget insurance. They can't call it eye care either because you might think it's just your eyeballs. It's actually going to be kind of confusing. Now, here's what Jack and I find fascinating about this story. All of that was just detailed in a strange Wall Street Journal article. yesterday. Strange because that was already detailed back in 2019 when CNBC originally reported on Apple's health care ambitions. That news is actually two years old. The new news from the Wall Street Journal is actually a bit different. Apple's been testing this beta version of Apple Health Care on their

employees. They've taken over a bunch of employee clinics. Another bit of new news is that it's not going well. PFWTMs tell the Wall Street Journal that Project Casper is suffering from people quitting and complaints from employees. So Jack and I jumped in snack style and we did what we do, we checked out the job website of Apple. This is the best way to figure out where our company is going. We searched health on Apple careers. 303 jobs showed out. So clearly Apple's struggling with this healthcare endeavor, but they're really focused on this health care endeavor. Apple health care reminds us of the elusive Apple car. It totally does. Everyone wants it. Yeah, they do. Apple's been leaking hints about it. So where is it? Well, we kind of know where it is.

Jack, what's the takeaway for our buddies over at Apple? It's in the Apple Watch. The iPhone was the platform for your mind. Apple Watch will be the platform for your body. Apple Watch will be the platform for your body. Jack, let's go back to 2015. Apple Watch came out, and it was an awkward fashion tech gadget. It was expensive.

And the main value proposition for the Apple Watch back then? Let you check your phone without checking your phone. But now we think that Apple Watch is being positioned to do to your life expectancy what iPhone did for your life experience. Apple Watch is high-tech hardware that already tracks your step count and already measures your pulse. In the future, they've said they want to make it do blood tests and other diagnostics. Imagine the future services. Chat with an Apple doctor via the Apple Watch based on the data and results from your Apple Watch.

Oh, and by the way, Apple Watch is also synced up with your daily Apple Fitness Plus workout routine. We think Apple is repositioning Apple Watch. From AirPods like wearable into iPhone-like platform. for our second story. Actually, Jack, do you get seasick? Because you're from a landlock state. I just thought I'd ask. Snacker, second story here.

One unlikely investment from Deutsche Bank is into an Israeli shipping company with a wild story. Until I was 20, the only seafood I had was canned clam sauce with spaghetti. True story. You can't beat a canned clam. But Snackers, this one transaction for Deutsche Bank will be more profitable than its most profitable division. Jack Zim integrated shipping. Founded in 1945 in what was then called Palestine. And honestly, their first mission as a company was like a wild first mission as a shipping company. Zim shipping company's first job was to transport European Jews into the newly created

state of Israel. Again, wild first project. After that, though, it got a little more mundane. Now they're a typical shipping company with those gigantic cargo ships. All right, you fast forward a few years, 2016 Zim, Zim's in trouble, Jack. There's so many ships shipping that the price to ship dropped. So Zim is ship out of luck. They're struggling in that point. Right. So Zim was losing money because their ships were only 80% full and you can't make money

unless you fill those ships up. But one guy at one bank decided Zim would survive and eventually thrive. That guy, according to Bloomberg reporting, was 35-year-old Mark Spend. And that bank was Deutsche Bank. And apparently it was his top conviction trade, his words. And so he put $100 million of Deutsche Bank's money into the struggling shipper named Zim. He bought stock and bonds of Zim at a major discount. Yeah, he did.

Because that shipper was in so much trouble people didn't want. But he believed that Zim ships would get back from like 80% capacity to like 95 or like 100% capacity when they're shipping around the world. And he was right. Zim is back. They IPOed in January and the stock of Zim integrating shipping has tripled since their January IPA. And Deutsche Bank's debt in stock and Zim is now worth over a billion dollars. Okay, for context, last year, Deutsche Bank made $721 million in profit, the entire corporation.

Jack, whipping out the old whiteboard on us over here. Can you share with us how much money this one single Zim trade has made for Deutsche Bank? 900 million. It's worth a billion and they only spent 100 million. So, Jack, can you toss on your tie and tell us the takeaway for our buddies over Deutsche? One person's trash is another person's distressed asset. I mean, you gotta love the subsector in finance called distressed asset financing. That's when big banks and hedge funds, they basically bottom feed.

They invest in stock and debt that nobody else wants to invest. And they're doing it because they think that the company that's struggling, that they're less likely to go bankrupt and more likely to have a comeback. They could be wrong. It's a risky business. Zim could have declared bankruptcy instead, and Deutsche's $100 million investment would have gone to $0. But like any retail investor can, Deutsche Bank took a calculated risk, bought super low, and is now selling super high. Because one seller's trash can be another buyer's distressed asset.

For our third and final story, Waymo, formerly known as Google's random self-driving car project, just raised a whopping $2.5 billion. If Waymo figures out the car, Google Maps will figure out the riders. Okay. First, if you're going to talk about Waymo, you've got to talk about Alphabet, an alphabet which owns Google is an ads business. They make money through online ads. They try to make money through other cool things. If you work at Google, you go home Thanksgiving, you're talking about the other cool things. You're not talking about the ads.

Yeah, you're talking about Waymo, the self-driving car technology company that Alphabet owns. Now, Waymo's not building the car. They use, like, Jaguar, Chrysler, Volvos, and like tractor, trailer trucks that Daimler makes. They're not building the car, but they are building the eyes, the ears, and the brains to control the car without a human behind the wheel. It's like a group project in business school. The one person who worked in consulting, you, Julie, you are going to do the spreadsheet. You work on the brain. Now, if you get to know Google and Waymo, you get to know that Google has been very humbled by how hard self-driving is.

Very humbled are their words because the CEO of Waymo said way back in 2015 that Robo taxis, self-driving lifts, for example, would be broadly available thanks to Waymo by 2020. Didn't happen. It's 2021. I've never taken it. But getting money from investors to keep working on self-driving. That's pretty easy, apparently. The VCs are just looking for a warm, upright body. You got a deck, you got a pulse and a thigh boom. It's yours. Waymo just announced $2.5 billion of fresh money they got from investors. And get this, it's not just from the parent company Alphabet subsidizing this. They actually invited outside investors like Andresen Horwitz and 10 other VC firms. Right. Alphabet basically invited someone else to watch their money disappear via Waymo.

So Jack, what's the money for? Same as always. Pay more engineers to try to figure out self-driving tech. Classic. So Jack, what's the takeaway for our buddies over at Waymo? Google Maps is Waymo's secret weapon. And here's the best part. Waymo's competitive advantage is actually not even a Waymo product. It appears we have a two-car race in the self-driving race. It's Waymo and Cruise.

Cruise is GM self-driving car company. Both are testing all over Arizona and San Francisco. You see them everywhere in the marina. They're going to meander right near you. Both have applied for permits to start charging paying customers for robo-taxy rides in San Francisco. And so let's say, Jack, that both figure out self-drawn. driving technology at the same time. The biggest difference in that case, Nick, would be Google Maps, which has over a billion

users. Funny timing, because we noticed that two weeks ago, Google Maps added Waymo as a ride hail option in Google Maps in Phoenix, Arizona. Because Alphabet owns both Google Maps and WayMov. That is powerful. Because once self-driving is legal and safe everywhere, then anyone checking Google Maps, which is everyone. Yes, it is.

We'll have a one-click frictionless option. option to quickly hail a Waymo self-traving car. Cruise, on the other hand, they're going to have to ask you to download a whole new app or they're going to have to sell their tech to Uber or Lyft. Waymo's got Google Maps, and that is the secret weapon. Jack, can you whip up the takeaways for us for the new Friday? Apple's iPhone was the platform for your mind. Apple Watch will be the platform for your body.

Deutsche Bank bet $100 million that Zim would make a comeback, and it did. One person's trash is another person's distressed. For our third and final story, the self-driving race appears to be down to Waymo versus Cruz. But Google Maps, that's Waymo's secret weapon. Not even a Waymo thing. Now, time for our snack fact of the day. This one sent in by Corey the Doge Dude, real name. All right, we all know Dogecoin the crypto.

It looks like an adorable puppy face. Much wow. Much doge. Actually, I don't know if adorable is the right word. It's an inquisitive puppy face. They seem curious. Well, the crypto was inspired by a viral image of a charming Shibu Inu Doc. Now, get this, that original picture of a puppy was just turned into an NFT, the original.

Classic. And that NFT was auctioned off for a record $4 million. Now, that $4 million NFT for the original Dogecoin dog picture, Jack, can you tell us the price in Dogecoin? 12.5 million doge. Yeah, 32 cents of Dogecoin. Snackers, you look fantastic today. Jack, we hit our goal. What?

We said thigh three times on one podcast. Does that include your latest reference? right there. It doesn't even include it. Snackers, if you haven't yet, scroll up and follow us right here on Apple or right here on Spotify. Nick and I, I'll see you tomorrow. Can't win. And before we go, congrats to Sergio and Sophia getting married this weekend in lovely Stanford, Connecticut. Happy birthday to Max Callan in Walnut Creek, California.

And to Zwin in Manhattan, you're going to have to be more specific. And to Bradley Wilson, happy birthday in Boston Spa, New York. And to Avrov, over in Philadelphia. And to anybody else celebrating anything. it, make it a T-boy. Celebrate the wins. This is Jack, Nick on Stock of Apple.

The Robin Hood Snacks podcast you just heard reflects the opinions of only the hosts who are associated persons of Robin Hood Financial LLC and does not reflect the views of Robin Hood Markets, or any of its subsidiaries or affiliates. The podcast is for informational purposes only and is not intended to serve as a recommendation to buy or sell any security

and is not an offer or sale of a security. The podcast is also not a research report and is not intended to serve as the basis of any investment decision. Robin Hood Financial LLC, member FINRA, SIPC. Oh, God. Here, Tom.

You're going to say something about my thighs. Oh, dude, we've mentioned thigh, twice. Have we right? Let's say that at the end. I'm going to add that as the secret bonus to today's episode. Sorry, now I've lost my place.

I've gotten so hot and bothered. I lost my place. Take care. Three, two.