Financials: Buffett's IPO Investment and Citigroup's Next CEO
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 14 September 2020
⏱️ 25 minutes
🧾️ Download transcript
Summary
In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP discuss the recent news that Citigroup (NYSE: C) CEO Michael Corbat will be stepping down in 2021 and current President Jane Fraser will be taking his place, which will be the first time a woman has been CEO of a mega-bank. Plus, we recently learned that Warren Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) will be taking a stake in Snowflake's upcoming IPO. And finally, the pair tells listeners why Walker & Dunlop (NYSE: WD) and Adobe (NASDAQ: ADBE) are on their radar this week.
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Transcript
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| 0:00.0 | Welcome to Industry Focus. The podcast that dives into a different sector of the stock market each day. |
| 0:11.0 | I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyphill. I'm Dylan Lewis. And today |
| 0:16.0 | we're talking financials. Today we're talking consumer goods. |
| 0:19.1 | Wildcar! Wednesday. And we're talking energy. and today we're talking tech. |
| 0:24.0 | Let's dive in. |
| 0:27.0 | It's Monday, September 14th. |
| 0:29.0 | I'm your host Jason Moser on this week's financial show. |
| 0:32.0 | Citigroup's got a new CEO, Buffett is buying into an IPO. |
| 0:37.0 | We've got a couple of stocks for you to keep an eye on and joining me this week as always, |
| 0:41.0 | a certified financial planner mr. Matt |
| 0:43.7 | Frankel Matt looking like you've gotten maybe a little you've caught up a little |
| 0:49.2 | bit on the rest that apparently you lost when you you made the big old |
| 0:55.2 | made the big old excursion down to Disney World last week, huh? |
| 0:59.2 | Yeah, we decided to take the kids. |
| 1:00.9 | It was it was a lot of fun. It's really cool to experience Disney without the giant crowds that, you know, if you normally go during the summer, you're like shoulder to shoulder in there. So it was nice to not have to deal with that. That's great. How long were you guys down there? |
| 1:16.3 | We spent three days at the parks. It was really nice. We got to do all the rides that we couldn't do when we were in February because, you know, a five-year-old doesn't want to wait |
| 1:24.1 | in line for three hours. |
| 1:27.1 | Yeah yeah I guess that's right now your kids are still young enough to wear I mean you can're you they can't go on like the big |
| 1:33.8 | roller coasters yet right? No my daughter can go on most there were a few she |
| 1:37.5 | couldn't get on the I mean the little I have a two-year-old and obviously he couldn't do much of |
| 1:41.9 | anything but yeah |
| 1:43.2 | yeah my daughter's favorite ride there was big Thunder Mountain railroad the roller |
... |
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