“It’s time for B-commerce (Booze commerce)” — Constellation buys Empathy Wine. Alibaba’s stores from the future. YouTube TV’s price jacking.

The Best One Yet

Nick & Jack Studios

Business, News, Finance, Pop Culture, Business News, Tech

4.6 • 9.8K Ratings

🗓️ 2 July 2020

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Last pod before the July 4th holiday (celebrated on July 3rd by Wall Street). Liquor legend Constellation just acquired Gary Vaynerchuk’s 1-year-old wine startup because it wants to go direct to consumer. Alibaba’s Freshippo stores make Amazon’s most innovative ecommerce look primitive. And YouTube TV just pulled a move straight outta the cable playbook: Jack up prices. We think the Great Price Reckoning may be coming.Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Transcript

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0:00.0	This is Nick, this is Jack.
0:02.8	And this is Snacks daily, it is Thursday, July 2nd.
0:06.6	Happy 4th of July, Nicholas.
0:10.1	Wait a minute.
0:10.9	What day is the 4th of July this year?
0:12.6	Was that a sparkling water?
0:14.0	Do we have a third co-host?
0:15.2	That was a sparkling water, full of disclosures.
0:17.7	4th of July is technically Saturday on a weekend, which brings up the ol' you know what
0:21.6	I'm talking about, Jack.
0:22.6	Is this Friday that we're taking off or is it Monday that we're going to take off?
0:26.0	Wall Street had no idea.
0:27.0	And they flipped a gold coin, decided to go with Friday, we kind of preferred a Monday.
0:30.6	That's right, markets are closed tomorrow on Friday, which is the federal recognition
0:34.6	of this federal holiday, so we're taking the day off too.
0:37.6	That means this is the last part of the week, good timing for our best podcast, Ever, Jack
0:42.2	First Story.
0:43.2	Constellation Brands is a liquor legend, and it's stock jumped 7% yesterday because of its
0:48.0	latest acquisition.
0:49.3	Empathy Wines, a tiny wine startup founded by Gary Vee in 2019, Good Vintage.
0:54.4	Good Vintage.
0:55.4	Good story, Alibaba and Beyond Me are teaming up to sell plant-based meat in China.
	...

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