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On The Tape

Of Markets and Men with Tommy Vietor of Pod Save America

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 19 August 2022

⏱️ 74 minutes

🧾️ Download transcript

Summary

See our show notes and transcript here Guy and Danny discuss the state of the market (4:49), the meme madness in Bed, Bath & Beyond this week (8:02), the gamification of the stock market (11:28), Wall Street calling the Fed’s bluff (21:08), bank stocks (29:05), Walmart earnings (31:44), and Nvidia earnings next week (36:16). Later, Guy and Dan sit down with Tommy Vietor, co-founder of Crooked Media and co-host of “Pod Save America” and “Pod Save the World,” and discuss where we are in Ukraine (44:09), tensions with China escalating (54:14), and the midterm elections (59:40). ---- See what adding futures can do for you at cmegroup.com/onthetape.  ---- Shoot us an email at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

Click on a timestamp to play from that location

0:00.0

There's a saying, Danny Moses, when the cats away, the mice will be heard that saying,

0:05.9

when the cats away, the mice shall play. Is that true? It's not time to make a change.

0:11.8

Cat Stevens? That's pretty good, actually. Well, no, Dan Nathan is away. As we're doing this,

0:18.5

he's on the campus of Georgetown University. He's taking his

0:21.7

oldest daughter to school. I think that's beautiful. It's a good school I heard. You like that

0:26.0

place. Georgetown University is typically ranked anywhere from 18 to 22, depending on what

0:32.6

publication you buy, whether it's U.S. News and World Report, Forbes, Fortune, Wall Street Journal, any of those

0:39.4

things. If they had a larger endowment, and perhaps if the on-the-tape podcast becomes something,

0:45.4

I can help them with that. You've helped them. You've put a lot of kids through there. I think

0:48.8

you've done your part. On the tuition front. Yeah. But, you know, what they, so they lack there. They lack in the library category.

0:55.4

And they're weak in the sciences, but working on it. But it's a wonderful school. I would submit,

1:00.5

outside of a few schools, it's the best school in the country. But that's not what we're going to

1:03.7

talk about. Our conversation is the cat is away. The cat comes in the form of Dan Nathan.

1:09.8

So as I look at his empty chair, I'm staring at

1:13.0

two $50 bills. By the way, on the $50 bill for you playing our home game is Ulysses S. Grant.

1:19.2

Is that true? That is true. You're right. Now, why is that there, Dan? I didn't put it there.

1:24.0

Last show, I made a bet to Dan that by the time we record this today,

1:27.9

the markets will be down for the month of August. And that was raw. Wrong. That was wrong.

1:34.2

I'm going to rehash it for next week, but he's not here to collect. The one time he takes money

1:37.8

for me, the one time he's not here to collect. But you see, what's going to happen is,

1:43.4

by definition, you have to double that,

1:46.2

and he's the wind up losing twice. He should have won, and he's the wind up losing twice as much.

...

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