Apple's Investment and Supply Chain - Apple 宣布将额外投资 1000 亿美元（$100 billion）于美国公司和供应商 [1] - Apple 与 Corning 达成 25 亿美元（$2.5 billion）的合作协议，用于生产 iPhone 和 Apple Watch 的全部保护玻璃，Corning 将在肯塔基州增加 50% 的制造和工程人员 [9] - Apple 几年前就已投资 5 亿美元（$0.5 billion）与 MP Materials 建立合作关系 [10] - Apple 致力于加强其在美国的组件生态系统，并增加对现有美国供应商的投资 [6][7][9] - Apple 可能会开始投资土地或建筑物，用于数据中心和小型服务器容量，以支持其混合 AI 方法 [8] - Apple 可能会增加对台积电（TSMC）非领先芯片的采购，用于 Mac、iPhone 和 AirPods 等产品，以实现更广泛的生态系统受益 [12] Intel's Situation - 特朗普总统呼吁 Intel CEO 李彬下台，声称他与中国过去的商业关系存在利益冲突 [1] - Intel 回应称，公司、董事会和 CEO 坚定致力于推进美国的国家和经济安全利益 [2] - 本届政府与 Intel 的互动较少，尤其是在新 CEO 李彬上任后 [3] - 特朗普可能希望通过批评来促成与 Intel 的会面，以达成双赢协议，强调 Intel 在美国增加制造业投资 [4]

All right. So, some companies are obviously switching their supply chain, trying to minimize their exposure to China. I'm you have an unbelievably good relationship with you.I don't know whether it's worth risking, but have you thought about uh I know some of your business is already out of China. Have you thought about moving more. >> Well, you know, we have been uh optimizing our supply chain.If you looked at us a few years ago, 100% of our production was in China. It's now about 75% and we continue to di ...

going back through the Red Sea and through the Suez Canal is not something that is going to happen during this year. Uh whereas in May and June uh the situation looked like maybe it was slowly normalizing. The fact that a couple of ships have been sunk by the Houthis uh very recently is certainly pushing or stressing the the lack of security that there still is in doing this and the lack of visibility that there is on how long this security could uh be provided when it when it now comes uh when it comes bac ...

Financial Data and Key Metrics Changes - Consolidated operating income was $2,200,000 in Q2 2025, down from $3,500,000 in Q2 2024 [16] - Adjusted EBITDA decreased to $2,660,000 from $4,000,000 year-over-year [19] - Net income was $1,600,000 or $0.05 per diluted share, compared to $2,500,000 or $0.07 per diluted share in the prior year [19] Business Line Data and Key Metrics Changes - The Industrial Assets division reported operating income of $1,300,000 in Q2 2025, down from $2,100,000 in the prior year [16] - The Financial Assets division's operating income was $2,200,000 in Q2 2025, compared to $2,700,000 in Q2 2024 [17] - The appraisals business achieved operating income of approximately $250,000, recovering from a loss in the first quarter [17] Market Data and Key Metrics Changes - The company noted a healthy spread of large multinational firms managing their surplus diligently, leading to increased surplus assets and plant closures [8][9] - There is a growing trend of new sellers entering the market, particularly among regional banks and alternative lending companies [41][42] Company Strategy and Development Direction - The company is in a serious acquisition mode, actively looking at multiple companies to drive growth [12][14] - The focus is on building a stable operating platform and achieving consistent performance above the $2,000,000 operating income mark [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's stability and capability to navigate the current macroeconomic challenges [6][7] - There is a belief that the company is well-positioned to seize growth opportunities in the coming quarters [21][22] Other Important Information - The company repurchased approximately 750,000 shares for a total of $1,600,000 at an average cost of $2.13 per share [19] - The repurchase program has been extended for an additional three years with an allowable spend of $7,500,000 [19] Q&A Session Summary Question: Is $2,000,000 in operating income a good baseline? - Management indicated that while $2,000,000 is a reasonable expectation, it requires consistent performance and effort to maintain and exceed this level [25][26] Question: Are there more portfolios coming to market? - Management noted an increase in new sellers, particularly regional banks and alternative lenders, entering the market [41][42] Question: How are tariffs affecting demand for used equipment? - Management observed that there is a preliminary increase in demand for modern equipment, with concerns about supply chain issues driving buyers to pay premiums for timely access [33] Question: What types of new sellers are entering the NLEX market? - The company is seeing a mix of regional banks and alternative lenders, with a steady growth in the number of sellers [41][42] Question: Are there still opportunities for acquisitions in Europe? - The company confirmed ongoing interest in expanding internationally, particularly in Europe, with multiple opportunities being evaluated [44][45] Question: Any updates on legal collections for large borrowers? - Management stated that progress is steady, but no significant developments have been disclosed at this time [48][49]

What did you make of the allocation towards glass, for example, particularly in Kentucky, in the United States. I think the cook is being very strategic about giving the administration what they want, which is investment in the U.S., but doing so in a way that is feasible. So it's still not about bringing production of the iPhone back, but really leaning into some of the partners like Corning and manufacture.The mastery of this is not just about the iPhone and Apple watches that are sold in the states that ...

Einstein Shark Ninja crushed it with second quarter estimates raising guidance thanks to strong international sales. The results come as the company tries to mitigate its reliance on China. And I'm pleased to say that Shark Ninja CEO Mark Baracus joins us now with more. Mark, great to have you with us.Let's talk exactly about that. I know that you said on the call that 90% of your US volume is produced outside of China. You remain on track to reach 100% by the end of the year.Where are you shifting that sup ...

Manufacturing & Supply Chain - Bringing manufacturing back to America is a desirable goal, echoing Steve Jobs' vision of integrated design and manufacturing [1] - End-to-end control over the manufacturing process, from microchips to finished products, is crucial for high-end products [1][9] - Global supply chains, while offering comparative advantages, can lead to a disconnect between design and manufacturing [1] - A potential 10-15% advantage for companies building in America could incentivize domestic manufacturing [1] Trade & Policy - The speaker has shifted from a staunch free trade advocate to recognizing the importance of domestic manufacturing for job creation and economic stability [1][2] - Unpredictable tariffs, like those implemented by President Trump, are not the ideal approach to incentivizing domestic manufacturing [1][3] - Manufacturing chips in America is crucial to reduce reliance on China [6] Company Specific - Apple's CEO Tim Cook is praised for his ability to navigate political administrations and his expertise in managing complex global supply chains [1] - Apple's collaboration with Corning on Gorilla Glass exemplifies the importance of close partnerships for product perfection [8][9] - Intel's stock is down by 3.8% following concerns about the CEO's ties to China [5]

Uh and you see in the after hour session those partners across the board that are getting expanded partnerships with Apple hire firmly I think a did you mention Corning like a week ago. >> Yeah we did Corny Glass Works. It's up in upstate New York where I hail from.Listen as the guy who generally likes to be optimistic on this desk. >> Okay. >> You know the commitment to this plant in Kentucky is literally $2.5% billion.Guy could probably do the math on $600 billion. So it's literally a rounding error on th ...

It's a big number in isolation, sort of, but it's also got to be taken in aggregate. Absolutely. Look, Apple spends a lot on these types of initiatives all the time.They have already been planning to spend hundreds of billions of dollars in the coming years. The Trump administration likes big, round, big honking numbers. Right.And this is a way for them to say we've scored a victory. We are bringing manufacturing back to the United States on Apple's part, making these pledges, throwing these numbers out the ...

Who buys Iran’s undercover foodstuffs? And where do they end up? Our investigation into the intricate supply chain that props up Iran and corrupts its neighbours https://t.co/5aZZuf05SF ...