Quietly...WE'RE BACK! | Group Chat News Ep. 865

Group Chat

News, Entrepreneurship, Business

4.8 • 1.5K Ratings

🗓️ 16 May 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Group Chat News is back and we got the hottest stories of the week including Gamestop stock falling 31% from pre-market high in minutes after "Roaring Kitty" made a post with "grim reaper" knocking on a door that says "Gamestop, according to new filings, Netflix has officially acquired rights to the NFL's Christmas Day games in a three-year deal, New York Giants Picked For HBO's 'Hard Knocks Offseason' Show, Google to roll out AI search summaries to billions by year end, OpenAI just announced a new AI model it's calling GPT-4o, Walmart's reign as America's biggest retailer is under threat, and WINNERS, LOSERS, and CONTENT.

Timeline of What Was Discussed:

The latest CPI report only further confirms the consumer is soft. (0:40)
Roaring Kitty is at it again. (9:14)
Netflix’s BIG bet on live sports, and the power of the NFL. (18:50)
AI is top of mind. (26:26)
Walmart under threat as the nation's top retailer? (39:50)
Winners, Losers, and Content. (46:18)
Group Chat ‘Kathy’ Shout Outs. (53:02)

Transcript

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0:00.0	All right, Cathies, we are back with another episode of group chat.
0:04.6	Number one podcast in the world.
0:06.7	We have a busy busy newsweek.
0:09.3	Yeah.
0:10.3	There so much has happened in the last two days.
0:13.5	Is drama still at the comedy store?
0:15.5	Tony killed him.
0:17.5	Tony killed him.
0:18.5	Killed him.
0:19.5	So Tony killed him. So Tony killed him. you know, R. I. I. Yeah, I don't know. D.M. drama and why he's so busy today.
0:34.0	Yeah.
0:35.0	But, so the big news this morning was inflation.
0:41.0	The CPI came in as a inflation. The
0:42.6	The CPI came in as expected, which is great for the markets.
0:50.1	The market ripped. He also didn't say that he also said that interest rate hike is
0:57.0	unlikely so that's good. But isn't it concerning that prices are still increasing?
1:02.4	Yeah that's what we get expectations. Yeah, it's still what was it 3.4 yeah that's insane
1:08.4	and off a high base. Yes, very high base you know I think the highest month was like 9%.
1:14.6	This is where I really struggle like why everything just keeps getting more
1:19.4	expensive because 3.4% over a high base is even more expensive than last year.
1:26.5	Well, we know, you know, forget gas.
1:28.7	Yeah, put it, I'm just saying like, the, here's the real reason that we people I think understand
	...

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