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Slate Money

Slate Money - Old Bob, New Bob

Slate Money

Slate Podcasts

Investing, Business

4.11.1K Ratings

🗓️ 29 February 2020

⏱️ 37 minutes

🧾️ Download transcript

Summary

This week, Felix Anna and Emily talk about how coronavirus is affecting the stock market, Disney’s two Bobs, and the crazy story of the “Madoff of France.”

In the Slate Plus segment: The four-hour work week.

'America’s Broken Social Safety Net Can’t Withstand The Coronavirus' by Emily Peck

'The Leap Day Employee Finally Gets Her Birthday Off This Year' by Alison Green


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to the old Bob New Bob edition of Slate Money or guide to the business and finance news of the week.

0:20.5

I'm Felix Salmon of Axios. I'm joined by

0:23.8

Anna Chimansky of Breaking Views. Hello. I'm joined by Emily Peck of Huffpost. Hello.

0:29.7

And yes, we're going to talk about stonks. Stonks went down. We're going to talk a little bit about

0:37.0

stonks went down because we have to because stonks went down. But we're not going to talk too much about stonks went down. We're going to talk a little bit about stonks went down because we have to because stonks went down.

0:39.8

But we're not going to talk too much about stonks went down. We're going to talk a bit about coronavirus. We're going to talk a bit about... Bobbs. We're going to talk a lot about bobs, actually. There's two bobs now running Disney, and we're going to talk a lot about Disney and what that means and why they need two bobs to run it.

0:57.9

And... actually. There's two bobs now running Disney and we're going to talk a lot about Disney and what that means and why they need two bobs to run it.

0:57.0

And most excitingly, to be honest, we're going to talk about French Ponzi's because there's the most French Ponzi scheme you've ever heard of and it's glorious and we're going to dissect that.

1:10.0

We also have a slate plus Plus about the four-day

1:12.6

work week. All of that coming up on Slate Money. So that was a fun week. Wild.

1:20.6

Wild. There was so many headlines about the stock market. Apparently, in case you've been

1:26.3

under a rock, it went down.

1:28.7

It does go down.

1:29.5

I got some alerts about that on my phone.

1:31.6

I've been in long meta discussions with a bunch of people at Axios about when and why

1:38.9

and whether we should alert stock market movements and send out alerts and that kind of thing.

1:46.5

Because on the one hand, everyone seems to do it it seems to be a thing that people do and then on the other hand

1:50.6

it's a little bit of like why are we doing it right yeah um i have a rule what's your rule it should

1:56.2

only be based on percentage not like just number of points, yeah, so we have this 3% rule now.

2:02.6

If the stock market moves 3%, we should move it, alert it.

2:05.5

But like one of the weird things is that people alert it like six hours after it

2:10.9

falls 3%, like when the market closes because apparently the close is important for some reason.

...

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