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Slate News

Slate Money - Quick Bites

Slate News

Slate Podcasts

Politics, News, News Commentary

4.56K Ratings

🗓️ 11 July 2020

⏱️ 36 minutes

🧾️ Download transcript

Summary

This week, Emily Peck, Felix Salmon, and Anna Szymanski discuss the Robinhood app that’s gamifying the stock market, Quibi’s big failure, and the rising number of food insecure children in the US. 


In the Slate Plus segment: PPP shaming. 


Slate Money Live 7/15 at 7pm: https://slate.com/live/wednesday-night-live-with-slate-money.html


Email: slatemoney@slate.com

Podcast production by Jessamine Molli.


Twitter: @felixsalmon, @Three_Guineas, @EmilyRPeck


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

Transcript

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0:00.0

Hello!

0:11.9

Welcome to the Quick Bites edition of Slate Money, your guide to the Business and Finance News of the Week.

0:23.4

This is your quick bite of information from me, Felix Salmon of Axios, from Emily Peck of Huffpost. Hello.

0:29.5

From Anna Schumansky of Breaking Views. Hello. We are going to be talking about Robin Hood,

0:35.9

day trading, stock market frottiness and just how bad it is or isn't. We are going to be talking about Robin Hood, day trading, stock market frottiness and just how bad it is or isn't.

0:41.5

We are going to be talking about Quibi, the streaming service that you almost certainly are not paying for.

0:49.5

We are going to be talking about children's nutrition and what has happened to that over the course of this

0:56.2

pandemic. And in the Slate Plus, we're going to be talking about PPP shaming and whether we should

1:01.9

be upset about people who received money from the PPP who maybe didn't deserve it or who you might think didn't deserve it.

1:12.1

That's this week and next week we are going to be running a live show.

1:17.1

If you want to be part of the taping of the live show, tune in to Slate Money Live on Wednesday evening at 7pm Eastern.

1:26.7

The link for that is in the show notes. All of that

1:29.7

coming up on Slate Money. We're going to start with Robin Hood, which is the place where you

1:37.9

go to trade stocks when you think they're going up, basically. It seems to have become that

1:44.1

anyway. There's a lot of stocks going up, basically. It seems to have become that anyway.

1:44.9

There's a lot of stocks going up right now.

1:47.4

Tesla being the one you've almost certainly heard of.

1:50.1

It's now trading it.

1:50.9

I believe the technical term is $8 gazillion a share.

1:54.2

Something like that.

1:55.2

It is bigger than every other car company in the world combined.

1:59.1

The stock only ever goes up. This proves the Bastille

...

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