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The Clark Howard Podcast

11.21.19 T-Mobile home internet adds competition; Juice jacking invades public charging ports; Five Below raises prices

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.65.2K Ratings

🗓️ 21 November 2019

⏱️ 36 minutes

🧾️ Download transcript

Summary

Home internet has been way too expensive without much competition. Monopoly cable companies have cornered the market in most of the country. Clark predicts this is the last year we’ll be suffering that lack of competition. In 2020 & 2021, we’ll see the roll out of various forms of high speed home internet, changing the equation for consumers. T-Mobile has launched a wireless home internet service for a flat $50 a month, no contract – no data caps. It’s largely rural now with expansion expected. Over the next 2 years, overhyped 5g will be rolled out. For cellular customers, T-Mobile is launching 5g for about 2/3rd of the country’s population the first week of December, but certain phones are required. This will be for early adopters in the first wave. AT&T and Verizon will also roll out fast home internet, plus satellite internet will be an option. T-Mobile is out of the gate here early. Criminals have infiltrated courtesy USB charging stations in airports, café’s, hotel rooms etc. They have installed illegal reading devices that can skim the info from your device. Ports and cables now pose a risk. They can install malware allowing them to steal your data. Go back to charging your devices in a traditional outlet, with a charging brick or portable batty. Don’t use the easy USB port, cause they’re also easy for criminals to invade in order to drain your info. This Christmas season is the first that one of the nation’s fastest growing retailers has a presence in much of the country. Five Below – a shopping mecca for teens, offers affordable gifts. Most items are sold at $5. Five Below sources their own goods, overseeing the design and manufacturing of their private label merchandise. Hurt by tariffs, they now have ‘Ten Below’ corners within their stores, forced to break the $5 barrier. Five Below follows a business model perfected by Aldi. Aldi sources their private label goods as well, allowing consumers to save around 40% on groceries. Sourcing allows retailers to undercut the price of competitors’ goods. Five Below shoppers determine quality of goods over time. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Great to have you here on the Clark Howard Show where it's all about you and that quality

0:10.9

yours.

0:11.9

I want you to learn ways to save more and spend less and don't let anyone ever rip you

0:17.7

off.

0:19.4

Coming up in just a few minutes, I need to tell you about a fast growing rip off that

0:24.1

could empty your wallet.

0:27.4

It's in the car crash and then later yet, what do you do if the name of your store

0:34.4

is the price that you sell things?

0:38.4

Well wait till you hear the contortions.

0:41.8

Retailers are having to deal with as the cost of goods for them has been headed higher.

0:49.9

So speaking of something that has been way too expensive with not enough competition,

0:56.6

home internet, home internet in much of the country, it has been a monopoly service with

1:05.2

the market cornered by monopoly cable companies.

1:08.9

In a smaller number of places in the country, there will be an internet service offered

1:15.2

to your home by a telephone company, but usually at pretty pitiful speeds.

1:23.5

But I can tell you this is the last year that we're going to be lacking in competition

1:32.8

because in 2020 and 2021, we're going to see a steady rollout of various forms of high

1:43.2

speed home internet that's going to change the equation for you as a consumer.

1:51.6

The T-Mobile is testing a home, actually they're not testing anymore, they have launched

2:01.1

a wireless home internet service that is a flat 50 a month, no contract, no data caps.

2:12.3

Now I wanted to see what this was going to be like because well I'm stuck with a monopoly

2:21.7

cable company for my internet and I signed up to be able to do this and they said not

...

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