Charles Schwab cuts commissions to $0, GoPro’s new moat problem, and Masco recession-proofs itself

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 2 October 2019

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

GoPro unveiled a couple pre-holiday cameras, but the move reveals how much it’s lost its moat. Charles Schwab announced it’s cutting stock trading commissions from $4.95/trade to zero, so we’re jumping into the history of fees. And Masco is our Midwestern institution of the day for focusing on paint over cabinets as it pivots strategy.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 Janice, this is Snacks, daily and Wednesday October 2nd Jack, we
0:06.4	feel it.
0:07.4	Well, Stocks took a dip yesterday.
0:08.4	It was kind of a follow-up.
0:09.4	But this is still the best day.
0:10.4	It's actually the best snacks we've ever done, Jack.
0:12.0	What's going on?
0:13.0	GoPro is our first story.
0:14.0	It just unveiled the Hero 8 Town.
0:15.5	I stocked County after 6, Jack.
0:17.0	But that doesn't fix its core problem.
0:19.0	It's got no moat.
0:21.3	Second story, Charles Schwab, aka Chuck Schwab.
0:23.9	Chuckie, it made a strategic move.
0:26.0	It's cutting its trade commissions for Stocks, ETFs and options.
0:29.7	It runs around.
0:30.7	$2.00.
0:31.7	We're looking at why the stock still fell and so did all the rivals, like really big.
0:34.6	Third and final story is the Midwestern institution of the day.
0:37.8	Around?
0:38.8	It's about time we did this.
0:39.8	We had a lot of Michiganers being like, what's going on?
	...

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