Financials: Inflation Concerns and a Very Large SPAC Deal

Industry Focus

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4.6 • 854 Ratings

🗓️ 21 June 2021

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Billionaire investor Bill Ackman recently announced that the mega-SPAC deal where Pershing Square Tontine Holdings (NYSE: PSTH) is acquiring 10% of Universal Music is now official, and we have some new details. And after a volatile week in the markets triggered by the Federal Reserve meeting, many investors are concerned about inflation. In this week's Industry Focus: Financials, Matt Frankel and Jason Moser break down the inflation numbers, what's causing it, and how it could affect your investments.

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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 June 21.
0:28.0	I'm your host Jason Moser and on this week's financial show
0:31.0	we've got the latest from Bill Spackman. That's right, Bill Spackman.
0:37.1	What should investors make of all of this inflation talk and how are the banks, how is the
0:41.9	Fed, how are they dealing with it all and will also
0:44.7	wrap up the show with a couple of stocks to watch as always joining me this
0:49.4	week it's certified financial planner and hey he's I found this out today he's not the biggest
0:54.9	Star Wars guy and that's okay it's Matt Frankel Matt has everything going pretty good
0:59.5	it's a beautiful day in South Carolina how are are you doing today? Hey, you know, no complaints. Back at it after a lovely Father's Day. It's lovely weather here in Virginia, very hot, very sunny, but you know know it does feel like things are are back to normal pretty much
1:18.7	you get outside you can see people out doing stuff left and right. It's nice. So good day. Yeah.
1:24.7	Matt, we were talking about last week and really leading up into last week, the ongoing in really
1:36.0	the ongoing, I don't want to say saga, but it's a really an interesting story I think with Bill Ackman.
1:39.0	I love to call him Bill Spackman now
1:41.0	because he really, the reason why this matter you know
1:43.7	Tontine I mean it was the biggest spack ever when it raised four billion dollars in
1:47.8	its IPOs I think that this is a story worth following but but Bill Ackman's SPAC has has officially signed a
1:56.7	really I think this is a really big deal in clearly a market that is going to remain relevant I suspect for at the very
	...

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