Capital One plans to acquire Discover Financial Services
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 20 February 2024
⏱️ 1 minutes
🧾️ Download transcript
Summary
Stocks close down; Capital One says the deal will help Discover compete; Walmart says sales rise; Home Depot says demand for big ticket items is weak.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is the Marketplace Minute. I'm Justin Ho. |
| 0:05.4 | Stocks closed down on Tuesday. The Dowell fell 2 tenth percent, the S&P lost 6 tenth percent, |
| 0:11.6 | and the NASDAQ gave up nine tenth percent. |
| 0:14.8 | Capital one says it's planning to acquire the credit card company Discover. |
| 0:18.7 | If the deal goes through it would make Capital one the nation's largest credit card lender |
| 0:22.8 | surpassing J.P. Morgan Chase. |
| 0:25.1 | Capital One says that the acquisition will help |
| 0:27.2 | discover compete with the other big networks, |
| 0:29.6 | Visa, Mastercard, and American Express. Walmart says it sales rose last quarter |
| 0:35.0 | compared to the same time a year ago. |
| 0:37.0 | That was mostly thanks to grocery and health products, |
| 0:39.0 | and probably because the company's size helps it keep a lid on prices. |
| 0:43.0 | Meanwhile Home Depot said sales fell in the most recent quarter. |
| 0:47.0 | The company says demand for big ticket discretionary items is weak, |
| 0:50.0 | including flooring, countertops, and cabinets. |
| 0:54.2 | I'm Justin Ho with the Marketplace Minute. You're going to. |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.