Lulu tries to become Nike — How Saudi Aramco makes $90B in profits/year — Away’s drama arrives

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 12 December 2019

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Oil legend Saudi Aramco is the most valuable company in the world and it just IPO’d, but how does it make money? Luggage brandicorn Away went through a week worse than your worst travel trip, so we’re looking at what actually went wrong. And Lululemon reported earnings, but we’re curious about whether it can become the next Nike.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.
0:02.0	This is Jack.
0:03.0	This is Snack.
0:04.0	Daily, it is Thursday, December 12th.
0:06.0	Wow, we got a heavy deck of stories.
0:08.0	This is a wild mix.
0:10.0	Jack and I have to sit down after we saw it.
0:12.0	Snack, is you ready for the best one yet?
0:13.0	It's the best.
0:14.0	Snack daily.
0:15.0	Saudi Aramco is the largest company on Earth.
0:18.0	And it adjusted its IP.
0:19.0	Jack and I are what, if the numbers had to get to $90 billion in profits per year.
0:24.0	It's a gigantic number.
0:26.0	It sounds like a Lord of the Rings book.
0:28.0	You could be a whole novel, then.
0:29.0	Sorry, everything Lululemon did last quarter beat expectations.
0:33.0	So why did the stock drop 4%?
0:36.0	Somebody needs a Nama stay right now.
0:38.0	Jack, can you hit us with the third story over here?
0:40.0	The controversial unicorn of the day is away travel.
0:43.0	It had a rough week.
	...

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