Happy Holidays | Group Chat News Ep. 829

Group Chat

News, Entrepreneurship, Business

4.8 • 1.5K Ratings

🗓️ 21 December 2023

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Group Chat News is BACK and keeping you up to date with everything going on in this crazy holiday season tonight we talk about FedEx shares sinking after a profit miss, Donald Trump being banned from running for president in Colorado, a record day for S&P reaching 20.8 billion while investors pull 5.2 billion from QQQ Nasdaq, Adobe gives up the acquisition of Figma, Elon Musk is starting his university, record numbers of 40-year-old Americans aren't married, and Netflix is testing the waters in live sports and more plus WINNERS, LOSERS, and CONTENT.

Timeline of What Was Discussed:

Is Hollywood checked out for the holidays? (0:00)
The joy of Christmas. (3:15)
A sense of the REAL economy. (4:53)
Americans don’t want a President; we want a SHOW. (14:17)
All signs point to an overheated market that must be corrected. (22:01)
What happens to Figma now? (26:30)
Elon puts his money where his mouth is. (32:28)
The secondary effects of people NOT getting married and having children. (39:31)
Testing live sporting events on streaming platforms. (45:50)
Winners, Losers, and Content. (49:03)
Group Chat ‘Kathy’ Shout Outs. (1:04:49)

Transcript

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0:00.0	All right, Cathies, we are back for a, the last episode before Christmas.
0:06.3	Yeah, so Christmas Eve Sunday. Yep. So I think we won't be recording till the 27th. Yeah, realistically. Yeah, that sounds right.
0:18.5	There's always an interesting time of the year because depending on your industry a lot of people are checked out like
0:25.9	specifically in LA like entertainment checks out pretty early in December.
0:29.3	They should be checked in they've been working for eight months. Yeah, they're checked out.
0:35.0	What's their excuse?
0:38.0	Christmas, bro? St Bart's?
0:40.0	St Bart's. Aspen?
0:41.0	Let me tell you, those people aren't going there this year.
0:44.0	I don't know money.
0:45.0	They should be grinding if you're in entertainment.
0:49.0	Actually, I was with a friend yesterday that is in entertainment.
0:52.0	He was actually very busy. hope so yeah he's just
0:55.0	he's like I have to catch up like six months of work because they weren't allowed to work together like
1:00.4	writers or you were a lot of work on your own but you couldn't like work as a team.
1:05.0	Have you heard that the reduction in a number of shows that are predicted to be produced?
1:11.0	It went from 600 shows a year to 200. Wow. And is that because of the strike or is that because there's just less demand for TV? Less demand for TV. TV. Yeah.
1:23.0	That's a pretty big reduction.
1:25.0	I mean I feel like an easy win for a lot of networks is like sneaking in like podcast type content.
1:35.0	Yeah, putting it on TV.
1:37.0	I mean it's pretty cheap.
1:39.0	I personally...
	...

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