Financials: Google Abandons Its Banking Plans, and (Surprise) Homes Are Getting Less Affordable

Industry Focus

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4.6 • 854 Ratings

🗓️ 4 October 2021

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

We recently learned that Google (NASDAQ: GOOGL)(NASDAQ: GOOG) is abandoning plans to create its own bank accounts, and Industry Focus host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss what investors need to know. Also, despite rising wages and lower interest rates, home affordability in the U.S. is at its worst level since the financial crisis. And finally, Frankel discusses why SoFi (NASDAQ: SOFI) is the stock he's most excited to read third quarter earnings from in the coming weeks.

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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 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, October 4th. I'm your host, Jason Moser.
0:30.0	And on this week's financial show, Google is abandoning plans to offer bank accounts
0:35.1	it's becoming prohibitively more difficult to own a home these days. An earning
0:40.7	season is just around the corner.
0:43.4	We've got one company that my guest here has got his eyes on.
0:48.9	And yes, it's my guest.
0:50.3	He's my guest every week.
0:51.6	I'm really, I'm always happy to connect with him and and bring him on the show here. It's it's certified financial planner
0:56.7	Matt Frankle Matt has everything going. Good. Am I really a guest anymore? I feel like I'm kind of like a
1:01.1	instead of a house guest I'm like a cousin that has a key to the house.
1:04.4	Yeah well I guess I'm trying to be technical because really honestly at this point I would refer to you more as a brother
1:12.0	but technically I guess I'm the host you're the guess but yeah this is way more of a
1:16.4	collective effort on our part so yeah maybe let's come up with a better word for that next
1:20.9	right.
1:21.9	Let's come up with a better word Matt, we were talking about this towards the end of last week and this is just an
1:26.9	interesting headline that caught our attention here because of the ramifications
1:33.5	but then also you kind of wonder about this this just bigger picture perspective on big tech and how
	...

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