Cars, Cars, and More Cars
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 24 September 2019
⏱️ 12 minutes
🧾️ Download transcript
Summary
WeWork’s CEO reportedly agrees to step down. AutoZone falls 5% despite a strong 4th-quarter report. CarMax’s 2nd-quarter results are good-not-great. And Tesla faces a new legal challenge. Ron Gross analyzes those stories and reflects on BlackBerry’s huge drop in this special episode recorded on location in Washington, DC.
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Transcript
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| 0:00.0 | Thanks to Zappier for supporting Market Flory. |
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| 0:16.6 | It's Tuesday September 24th. Welcome to market foolery. I'm Chris Hill with me not in the studio |
| 0:22.1 | No we're on location in Washington DC |
| 0:24.8 | Ron Gross somewhere hidden hidden off of campus we are technically |
| 0:29.2 | underground right now I think we are In our little office we're here for the Motley Fool's summit, |
| 0:36.6 | our three-day member event, but there's news. The news never stops Ron. |
| 0:40.3 | No. We have jobs to do. We've got earnings and news from the automotive world. |
| 0:45.0 | We have news from a company that honestly we haven't heard from in a long time, but we're going to start with breaking |
| 0:51.0 | a reason for that. Wall Street Journal, and we'll just do this quickly because there aren't a ton of details, |
| 0:55.8 | but the Wall Street Journal is reporting that We Work CEO Adam Newman is expected to step down. |
| 1:00.6 | He's reportedly going to stay on as chairman as Tony Kornhiser would say I believe we had that |
| 1:06.7 | I believe we talked about this on Motleyville money last week we did and and I suggested that this is probably what would happen. |
| 1:13.7 | I think it makes perfect sense. |
| 1:15.4 | I have some first-hand knowledge back in my hedge fund days. |
| 1:17.7 | We did this exact same thing, |
| 1:19.1 | not actually, but my investment banking days. |
| 1:20.9 | We did this exact same thing with the company who wanted to |
| 1:22.8 | take public, but we insisted that the CEO pop up to the chairman role and we |
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