Financials: Earnings Season, SPACs, and More

Industry Focus

The Motley Fool

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4.6 • 854 Ratings

🗓️ 12 July 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Wells Fargo (NYSE: WFC) recently decided to shut down its personal lines of credit business. Why did the bank make this move, and is it unfair to customers? Plus, SPACs are back in the news after Virgin Galactic's (NYSE: SPCE) successful flight with founder Richard Branson. Plus, host Jason Moser and Fool.com contributor discuss what they'll be watching as banks report their earnings later this week.

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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 Seyple. I'm Dylan Lewis. And today
0:16.0	we're talking financials. Today we're talking consumer goods. Wild Card Wednesday.
0:20.4	And we're talking energy. And today we're talking tech.
0:23.0	Let's dive in.
0:25.0	It's Monday, July 12th. I'm your host Jason Moser and on this week's financial show.
0:31.0	Wells Fargo is making some changes to its credit offerings.
0:34.7	We'll take a look at SPACs and what separates the good from the not so good.
0:38.8	And we've got an Earnings Palusa preview for you.
0:41.2	Joining me as always this week
0:43.2	it's certified financial planner and hey he's all around 10 he's got a pool
0:48.9	he's feeling good about this summer it's mr. Matt frankly Matt how's everything going? Just great.
0:53.0	It is 90 degrees and sunny out here.
0:55.0	I'm talking to you guys, but I'm probably going to hop in the pool afterwards.
0:59.0	Well, just here's an idea.
1:01.0	Maybe, you know, next week or the week after, maybe we do a pool show, right?
1:05.6	You go, you go to your backyard for your pool.
1:08.0	I'll jump over to our neighborhood club pool here.
1:11.0	And you know, we'll have the splashing of the water in the background. It'll
1:13.4	create some nice nice ambient noise there. Maybe let's talk about that after we
1:17.4	after we get done taping. All right.
1:20.3	Matt, last week there was an interesting headline out there regarding Wells Fargo that we talked
	...

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