BNN - Monday, May 27, 2024 - 03:00 p.m. (ET) - Segment #7

which has been troublesome for industry forever, is that the vast majority of our contracts, united states do not have a milestone payments. And what happened in 22 23 is what building buses wind with very low margins. And we're absorbing the costs of caring while working capital. Earlier this year, I was literally presenting at the white house with the mta and with our public transit association, I states and the fda has even clear guidance all of the public to transit use the united states of the, the ability to the rim muscle payments. We sent help finance the working capital through the production process to material changes to the way we work. Yet also need clarity and guidance on how to reprice contracts when abnormal inflation dynamics that come based on the indices. Changes are game changers for business. The good news for us is we were able to refine and back on our feet with a record bad news is we lost about a half dozen competitors of the last couple just couldn't make a go of and today really, there's only 2 competitors, united states and 2 in canada. And we are the leader in the space. Is mention at the white house. And as I understand a lot of your bus as you know, you can't just supply parts for anywhere from anywhere, you have to. >> You know, there's some made in usa requirements, especially when you're dealing with the federal government. How do you think about election and whether or not more protectionist policies are brought in. >> After the election. >> To buy america world of the at grants money to transit agencies and 70% of the material must be us origin and certain final assembly operations must physically have the united states. For example, you can put and orange international outside the united states, our entire supply chain or a tire manufacturer machine complying with for a long, long time. Now when you go to last 20 years and you look at the various administrations in the united states, republican or democrat, relatively strong support public transportation. It's not just the element of public transportation that has gotten way more focus. And the biden harris administration, you can find a city in the united states, a major city without congestion and every level and every take politicians, civic and a state or federal is looking at ways to reduce congestion. So it couldn't president trump come back and have an impact on some element of buy america or whatever that's possible. And in the end of the day, you know, public transportation is the final quarter every major even things like right list. They're not going to replace public transit in the 6 we're seeing increased demand for transition, but we also now a bit to 0 mission. And we chose him to be proposing gnostic our customers. New york city, for example, they have diesel, natural gas hybrid battery electric. And now if you sell coal in proposes platform florida straits. And we're feeling pretty comfortable that we'll be able to navigate any changes like as we have for the last 20 years in public administration 6. That was paul soubry, ceo of nfi. We're going to be taking a quick break when we come back. And dan ives of wedbush says the ai party's just getting started. He'll tell us why when we come back. (Dramatic music) I am Paul Atreides! Duke of Arrakis! Let me fight beside you. I'll show you the way. (Upbeat electronic music) Find a great deal foryour ideal hotel.Open trivago, type inwhere you want t select your check-in andcheck-out dates and search. Compare prices forthe same hotel and save up to $50 a night. Hotel? trivago. Canada has one of the best backyards in the world. Don't let allergies prevent you from breathing it all in. (Sneeze, birds squawking) Get relief fast. Reactine acts fast to relieve allergy symptoms and lasts 24 hours. What keeps baby's skin healthy? A diaper that doesn't leave skin wet. That's why Pampers Swaddlers absorbs wetness better for up to 100%leakproof protection and 0% skin irritation. Pampers. For healthy baby skin. Discover amur capital. Amur capital's track record of consistent performance has delivered industry leading returns since inception. Why play games with your financial future? Choose amur capital - a Simpler Approach to Investing. ( ) You're just too good to be true Can't take my eyes Off of you ( ) Michelob Ultra. As the host of theSmart World PodcastI have the chance of speakingwith some

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over the next 5.10, years, they will interact with generative ai through apple device. This is the start. I view it is kind of popped the champagne movement as cupertino and houses. >> What it just a licensing agreement, you know, if if it's with o, whoever its with with microsoft or if it's with google, fits with open ai just to bring that technology to their existing series. Siri is, is that good enough? >> It all the work that we've done, I think there's better chance me play in nhl for the rangers in the playoffs and that it's an in-house solution. I think it's in-house, it's yellow and what they're going introduce open ai is going to be a big part of that's is why we will take for tuition, but they're going to have their technology. They're going to introduce as well as this is going to be a nice on 16 coming down. September. That's why it's so important. It's a pop. Get the popcorn ready as app on balances. >> You these companies and we know this are spending billions and to some extent investors have been okay with that. I imagine that at some point they're going to want to see a return on net is huge investments, for example, I do have a timeline of when we start to see. I mean, growth should explode, right? I mean, should move significantly higher. When does that happen? >> I think middle 2025 cities, counties basically 9 to 12 months to spend and then start to show the evidence of that. Things start until 2025 for the enterprise. That's right now front and centre. My soft nvidia. Google was in the cloud. Amazon servicenow work among others. The consumer peas, 2025. If I look at him an a zuckerberg continues to play chess, others playing checkers. That's the smart move when the foundation, which really going to be the next decade growth. >> And I know everybody says that and I know you say it and I use chatgpt and it's cool. I'm still using google for a lot of things. And it's been more than a year that the chatgpt has been out and google's market share virtually unchanged. When you know is, is that a problem? I'm expecting it to happen too >> Yet, I think from when it will cause to microsoft in open ai right now. The golden goose enterprise, really not about trying copilot. It's always use cases, they're being built on there as you're at and on that foundation stack, we do have a chatgpt. And what we're seeing going forward. That's where out voicing unveil something that could be a game-changer thing many are going to be looking at that and that's that's going to be a thing. And next. In terms how consumers will interact from the chatgpt perspective. >> Just a couple minutes ago, cae reporting its 4th quarter and full year. Fiscal 2024 results, earnings per share and adjusted basis coming in at $0.12. This is well below what the market was expecting at around $0.40. But I'm not sure that will get the reaction room member last week cae warned that both of aviation training businesses, we're going to be weak. Their civil revenue as well as defence revenue. We're going to be lighter than expected. Defence revenues falling 21% a little bit worse than feared civil revenue growing at around 6%. The ceo in the statement earnings today say last week. We acted decisively and took the necessary steps to provide a clear bag to margin improvement in our defence business. Supported by our long-term, supported by compelling, I should say, long-term secular trends for this segment. So reiterating that defence, it's been weak, but they think they've got a to go forward. This backed by in appointment is a to a new role chief operating officer lillian titus. And again, that was announced last week. So the issues of defence showing up in the quarter. 21% drop in that line of business. Total sales falling 10% because civil was not enough to offset that. They did get an approval for their share buyback. And again, I'm not sure amateur action will get when the markets open tomorrow because remember they did warn last week and that's when we saw the stock sell-off of believe it was last tuesday and loss by about 8 and a half percent.

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