Amazon’s record profit streak ends, Hershey’s “peanut butter” strategy, and the secret car meeting in California

The Best One Yet

Nick & Jack Studios

Business News, Tech, News, Finance, Business, Pop Culture

4.6 • 9.8K Ratings

🗓️ 26 July 2019

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Snackers, we love you. And we would love to learn more about you — fill out this 2-minute survey to share more about yourself and thoughts on the pod (plus, you could win a $100 Amazon gift card): http://listenerq.com/snacks/In today's episode, for the past 4 quarters, Amazon set record profits. But not this time — we noticed it has 42 highlights in its report, so we picked highlights of those highlights. Hershey stock rose 2%, but its new strategy is simply repackaging Reese’s. And major car companies got together to chat emissions standards with California in a secret meeting that could affect the entire industry.Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Transcript

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0:00.0	This is Nick, this is Jack.
0:02.8	This is Snacks daily in his Friday, July 26th.
0:06.1	This is the best one yet before the weekend.
0:08.6	Is the best Snacks daily we've ever put together.
0:11.2	Marketstip to tag.
0:12.3	It's just a little bit, wasn't the best one for this.
0:13.8	But it was another huge day for earnings report.
0:16.0	It was ridiculous amount of earnings.
0:17.3	We're still telling these things up Jack, what do we got?
0:19.0	We got three on deck for you.
0:20.2	First, are they?
0:21.4	Amazon, it's four quarters streak of record profits just ended.
0:25.6	Now we jumped into the earnings report Snacks out, get this.
0:28.0	They had 42 highlights we've got to prop.
0:30.6	They really brought into question,
0:32.0	the definition of the word highlight.
0:33.6	Bullets need a whole new situation.
0:36.1	Second story is Hershey's.
0:37.5	Based out of Hershey's Pennsylvania, the stock jumped 2%,
0:40.6	we jumped into the earnings and found one theme.
0:42.6	It's really, really trying to squeeze innovations
0:45.2	out of a single brand.
	...

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