4.7 • 9.5K Ratings
🗓️ 28 July 2022
⏱️ 19 minutes
🔗️ Recording | iTunes | RSS
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0:00.0 | This is Nick. |
0:01.6 | This is Jack. |
0:02.6 | It's Thursday, the new Friday, and today's pop is just the best one yet, Jack. |
0:06.6 | TBOI, Nick. |
0:07.6 | Yeah, it is. |
0:08.6 | If you want to know why stocks popped yesterday, it's because of one word, the Fed. |
0:12.3 | The Fed announced they're raising interest rates again. |
0:15.1 | But the Fed sounded optimistic about the economy. |
0:17.6 | However, if you're going to borrow money to buy a car today, you're going to pay 0.75% |
0:23.2 | more in interest. |
0:24.2 | That's how the Fed fights inflation. |
0:26.2 | Exactly. |
0:27.2 | They yell at you to stop spending money. |
0:29.0 | In the meantime, Jack, what's our first story for the table? |
0:31.2 | Our first story is Puma, the world's third biggest sports apparel brand just announced |
0:35.1 | their earnings. |
0:36.1 | Funny strategy. |
0:37.1 | Puma's winning because they chose a sport nobody else wants to play. |
0:40.7 | Our second story is the US Senate. |
0:42.6 | They just passed the biggest chip deal in the history of the computer because the US and |
0:46.6 | China aren't in an arms race. |
0:48.6 | They're in a legs race. |
... |
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