Budweiser cancels biggest IPO of 2019, France passes a US tech tax, and Bird’s profitability drama

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 15 July 2019

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Earth’s biggest brew-glomerate, Budweiser-owner AB InBev, was planning the biggest IPO of the year by spinning off its Asia unit — that was suddenly canceled before the weekend. France unveiled a “tech tax,” but it really looks like a tariff on Silicon Valley. And scooter icon Bird is our “dramatic unicorn of the day” for a debate raging on its profitability problems.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 Stratt, this is Snacks Daily, it is Monday, kicking off your week
0:05.1	July 15th.
0:06.1	Check it off your week with a T-boy, this is the best one yet.
0:09.0	It's a lot better than Friday's what we got.
0:10.8	Markets, all three stock market indexes in the US hit record highs again, full traffic
0:15.4	for the week.
0:16.4	The Dow hit 27,000 points, nice round number, the S&P 500 hit 3,000 points.
0:20.6	Really nice round number.
0:21.6	Combined, that's 30,000 stock market points.
0:23.8	Nasdaq's out like an arbitrary number here when I'm going to get into it.
0:26.6	We got three great stories for you.
0:28.2	First, Budweiser owner, AB Imbev was supposed to spin off its Asia business with a fresh
0:33.9	new IPO in Hong Kong.
0:35.4	That was supposed to be Friday.
0:36.6	But Friday, it canceled it.
0:37.9	The whole thing, this comes down to Budweiser's debt problem.
0:41.1	Second story is international eco politics.
0:44.0	France just passed the first ever tech tax and it is throwing international shade at Google,
0:49.5	Facebook and Amazon.
0:50.5	We looked into this one and it basically is one thing, a tariff, not a tax, it's a tariff.
0:54.8	It's a tariff.
0:55.9	The final story, bird, which is like the Uber for e-scrooters, literally, taking over
	...

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