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The Best One Yet

“Rent-a-Zombie” — Hertz back from the dead. Apple’s App Store bias. BP’s oil DCF.

The Best One Yet

Nick & Jack Studios

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

4.69.8K Ratings

🗓️ 17 June 2020

⏱️ 17 minutes

🧾️ Download transcript

Summary

You thought Hertz was dead when it went bankrupt last month, but now it’s issuing $500M in new stock — we’re looking at how that’s possible. Apple wants to be both the referee and a player in its App Store, and the implications are huge for the great platforms of tech. And BP thinks its oil is worth $17.5B less than it last told us, so being honest about COVID’s impact on its biz.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, and this is Snacks.

0:04.0

Daily, it is Wednesday, June 17th.

0:06.9

Markets rebounded nicely because of an easily misinterpreted headline.

0:11.4

Snackers, best time ever to drop the term, best time ever and everything you do.

0:15.6

Our intro will actually explain that misinterpreted headline.

0:19.6

We will, in the meantime, Jack and I whipped up the best one yet when it comes to Snacks daily.

0:24.3

Nick, remember the classic player coach position from the 70s?

0:27.4

I'm talking Bill Russell, Pete Rose, and Wayne Gretzky's cousin from Manitoba.

0:31.2

Great guy over there.

0:32.3

Apple Snackers wants its App Store to be a player referee.

0:36.7

And the EU is calling a penalty.

0:38.3

By the way, I think Mario Lemieux was a player coach.

0:41.2

I'm impressed that you just whipped out Mario.

0:43.4

Everyone was Canadian before the 90s.

0:45.1

Second story, we thought Hertz was dead, but we just poked it with a stick and we're pretty sure it moved.

0:49.8

It declared bankruptcy last month, and now it's asking investors to buy half a billion dollars worth of worthless stock.

0:56.5

They admit it's worthless stock.

0:58.2

Third and final story, Jack.

0:59.3

Ten years after adding a few million barrels of oil to the Gulf of Mexico, the worst.

1:03.9

DP is recognizing that oil's future isn't looking so good.

1:07.4

We're talking DCF discounted cash flows, your finance buddies revirum, and BP uses them to predict an oilless future.

1:14.4

Before we get to those three T-boy stories, beware of all these headlines that are saying,

...

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