Big Tech, Big Bank, Big Pizza

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4.7 • 1.7K Ratings

🗓️ 8 October 2020

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

IBM shares pop as Big Blue announces a surprising spin-off. Morgan Stanley makes a $7 billion deal for Eaton Vance. Shares of Domino’s Pizza fall as rising cheese costs outweigh robust same-store sales in the 3^rd quarter. Jason Moser analyzes those stories and reflects on National Pizza Month.

Transcript

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0:00.0	It's Thursday, October 8th.
0:04.0	Welcome to Market Foolery.
0:05.0	I'm Chris Hill with me.
0:07.0	For the second time this week, this hasn't happened in a long time.
0:10.0	It's Jason Moser.
0:11.0	Good to see you again.
0:12.0	Well, it's good to see you too.
0:13.0	Always loving coming back for a repeat performance.
0:16.0	We have a financial acquisition to get to.
0:20.0	We're going to talk about Domino's latest quarter.
0:22.0	We're going to start today Domino's latest quarter.
0:22.5	We're going to start today with Big Blue, however.
0:25.0	IBM is spinning off its IT infrastructure division
0:28.7	into a new publicly traded company that is the legacy part of IBM's business
0:34.4	shares of IBM up about 7% so that's helping to boost the Dow and
0:40.5	Arvin Krishna who took over as CEO of IBM back in April, not really wasting any time
0:48.0	setting the direction for IBM's future.
0:50.8	No, no, it is a little bit, a little bit satya Nadell-esque if you if you will
0:56.0	and I think that makes a lot of sense I mean it was interesting to note the pre-market
1:01.1	enthusiasm for IBM wore off pretty quickly in the market
1:03.6	opened but I mean you know whenever you can get the word spin-off and
1:07.7	unlock value and cloud in the same release you've got to feel pretty good
	...

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