Seeking Alpha Author Hector Andres Pacheco joins Cheddar to discuss how the new tax bill will impact special dividends given out by giant companies. In particular, he's looking at Apple and Microsoft to bring back billions of dollars from overseas.
The new tax bill will allow American companies to bring back money from overseas at a reduced tax price. Pacheco explains why Apple is a prime contender for a special dividend. It's on track to spend $300 billion returning capital to shareholders by 2019. If Apple repatriates all of its overseas cash its tax bill will only be $39 billion...only!
Plus, Microsoft is no stranger to shareholder-friendly action. In 2004 the company brought back about $30 billion in cash from abroad and issued a $3-a-share special dividend. Pacheco believes it plans to do the same thing in 2018.
Pacheco also talks about how a higher minimum wage for lower-income Americans plays a more stimulative role for the economy than giving higher wages to those with a large net worth.
Angelo Zino, VP and Senior Equity Analyst at CFRA Research joins Cheddar to discuss the latest news from Apple and what to expect from the iPhone 16. Watch!
Proto Hologram creates interactive, life-sized holograms for live and recorded content, revolutionizing industries like entertainment and communication.
The Verge's Emma Roth joins Cheddar to discuss the iPhone 16, Apple Watch upgrades, all things Airpods and Apple Intelligence. But is it worth the hype? Watch!
