General Motors, Retail Records, and Cannabis Conventions
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 26 November 2018
⏱️ 21 minutes
🧾️ Download transcript
Summary
General Motors lays off 15% of its employees and scales back production. David Kretzmann analyzes why GM had to make these tough decisions. Black Friday sets a new record for online sales. We discuss why the holiday quarter is so crucial to some retailers. Plus, David shares highlights from attending MJBizCon in Las Vegas.
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Transcript
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| 0:00.0 | Thanks to Harries for supporting this episode of Market Foolery. |
| 0:02.4 | Guys can be hard to shop for, but Harries, |
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| 0:10.1 | He doesn't need more socks this year, okay? |
| 0:12.4 | Get your holiday shopping done early. Free shipping. He doesn't need more socks this year, okay? |
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| 0:17.0 | So act now, go to Harries.com slash Fool to get $5 off a shave set while supplies last that's Harries.com slash |
| 0:25.1 | fool it's Monday November 26 welcome to market forry I'm Chris Hill joining me |
| 0:31.8 | in studio back he's been away. It's David |
| 0:35.2 | Kretsman. Thanks for being here. Great to see you again, Chris. Good to see you. We're |
| 0:38.5 | going to get to your travels in a moment because it wasn't just holiday travels. You were |
| 0:42.1 | working. A little bit of work there |
| 0:43.8 | was of course there was based on your Twitter feed it seems like there was more than a |
| 0:47.6 | little bit of work going on and we're gonna get to the retail but we have to start |
| 0:52.0 | with the news story of the day and that is |
| 0:53.5 | General Motors GM announced it is laying off 15% of its employees and cutting |
| 0:59.2 | production at five plants in the US and Canada and just to be more specific on that two of the |
| 1:05.4 | plants are in Michigan one in Ohio one in Maryland and one in Ontario that's |
| 1:11.8 | close to 15,000 jobs and as we've come to expect at least from the stock market |
| 1:17.2 | perspective We shouldn't be surprised that shares of GM up on this news. |
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