4.6 • 5.4K Ratings
🗓️ 30 July 2022
⏱️ 19 minutes
🧾️ Download transcript
The largest U.S. oil companies reported record revenue for the second quarter. We’re talking a LOT of money here, folks. Guest host Andy Uhler explains. Plus, why this month’s stock market rally means we might expect the Federal Reserve to “drop the hammer” this fall. And we’ve got a round of Half Full/Half Empty! Our hosts weigh in on robotic dead spiders, the CHIPS Act, Choco Tacos, Beyonce’s new album and office parties!
Here’s everything we talked about on the show today:
We’re off all next week, but we’d still love to hear from you! Send your questions, comments or thoughts on the show to us at [email protected] or leave us a voice message at (508) 827-6278 or (508) U-B-SMART.
Click on a timestamp to play from that location
0:00.0 | I'm Andy Euler and for Kimberly Adams. Thanks to everybody for joining us on YouTube live stream and on the podcast for economics on tap. |
0:24.0 | We have passed along by the way y'all's best wishes to miss Adams while she helps their family. So she knows she knows that you're thinking about her. |
0:32.0 | All right, standard Friday today. I'm going to do the new fix do a little helpful have empty. |
0:37.0 | Mr. Euler, what are you drinking if anything? |
0:40.0 | I am drinking a I actually kind of wanted to have a conversation with you about this. I'm drinking a Dr. Pepper zero. |
0:46.0 | Are you yeah, what is your I see your face give me your your zero calorie or your diet soda take. I want a hot take here. |
0:57.0 | Right. Right. I don't understand the zeroness of all the zeroes coke zero Dr. Pepper zero. I don't understand the zero right. I get the diet part. I get that. |
1:06.0 | I don't I don't know what the zero is all about. I will also say Dr. Pepper. It's kind of an acquired taste. I mean, I like one day now and then but you know, whatever. |
1:16.0 | Well, that's what I was going to sort of backstory with too. You know, the first Dr. Pepper plant was in Dublin, Texas outside of Waco. |
1:22.0 | I do. So we used to call it. I'm not kidding you. We used to call it vitamin D. P. in my house. I mean, we are we are Dr. Pepper to the max. |
1:35.0 | So yeah, no, it's it it is acquired, but but it was acquired at like three years old for me. That's fair. So you know, you're in you're in the call once you're in your. That's right. |
1:45.0 | I am having the proceeds of a bet that I won with my executive producer one Nancy Fargolly. Nice. |
1:53.0 | Yes, she wanted about $50 on a certain issue. And I said, Nancy, that's too steep. I can tell you I'm going to win and she said, what about beer? And I said, fine, let's bet beer. Now we should know that Nancy Fargolly does not drink. Anyway, so I win the bet and she shows up with this confused therapist by appointment only. |
2:10.0 | It's an Imperial IPA 10.4% alcohol by volume. This one point. So it's going to be an interesting last, you know, 15 years of the podcast. |
2:19.0 | Shout out to Dust Bowl Brewing. They're up in Turlock, California. So Dust Bowl is not the not an in-app the moniker, but it's quite quite the tasty pale out, but I'll be having just for any of these today. |
2:31.0 | Yeah, just one. So anyway, let's do some let's do a little bit of, let's see, I'm going to just going to check the a lot of Dr. Pepper love in the comments. |
2:42.0 | I love it. I love it. A lot of Dr. Pepper love Jesus. So let's do some news. Sure. Good. You're up. You want me to go? Yep. |
2:51.0 | So we got some earnings today and you know the ones that I pay attention to a lot are big oil. And you know, we have that we have that line a couple of months ago about more money than God. |
3:06.0 | Yeah, I'm talking about X on and all these folks. They had to tell investors today that he's not really that wrong. |
3:17.0 | They all basically posted it. So so so collectively, Axon Chevron, Shell banked a record, 46 billion dollars in collective profits in the second quarter. |
3:34.0 | So you have that's for 90 days. That's a quarter. That's a quarter, ladies and gentlemen. |
3:42.0 | And so so basically, I mean, we knew this was common, right? You had high oil prices. You have really high crack spread, which the cracks bet is is is how much. |
... |
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 2025.