Slate Money - The Bad Romance Edition
Slate Money
Slate Podcasts
4.1 • 1.1K Ratings
🗓️ 29 October 2016
⏱️ 46 minutes
🧾️ Download transcript
Summary
On this episode of Slate Money, hosts Felix Salmon of Fusion, Cathy O’Neil, data scientist and author of Weapons of Math Destruction, and Recode’s Edmund Lee breakdown the breakups and mergers in business and finance news this week.
Topics discussed on today’s show include:AT&T’s plan to buy entertainment and news giant Time WarnerWallonia formally approves EU-Canada, CETA trade dealBuzzy Tech Companies and how they fare in the public stock markets.Check out other Panoply podcasts at itunes.com/panoply.
Email: slatemoney@slate.com
Twitter: @felixsalmon, @mathbabedotorg, @edmundlee
Production by Veralyn Williams.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | The following podcast contains explicit language. |
| 0:07.9 | Hello, and welcome to the bad romance edition of Slate Money, your guide to the business and |
| 0:17.8 | finance news of the week. |
| 0:19.6 | And I can tell you that in recent weeks it is sometimes, |
| 0:23.7 | especially over the summer, being quite hard to come up with a bunch of recent financial news of the week. |
| 0:29.4 | And also because there's been this presidential election going on and that's kind of drowned out |
| 0:34.0 | everything else. But this week has been completely insane. And we could have |
| 0:39.3 | seven shows with what on earth has been going on this week. So we're just going to more or |
| 0:44.0 | less pick at random. But I just want to give you a taste. Because I think this is indicative of |
| 0:50.2 | something. And maybe we can talk about what just in the past week in terms of mergers. |
| 0:57.1 | We had GE looks like it's going to buy Baker Hughes for about $30 billion. |
| 1:03.3 | We had BAT, that's British American Tobacco. |
| 1:07.3 | It wants to buy like the most, the bit of Reynolds, which is an American tobacco company that it doesn't already own for $47 billion. |
| 1:16.8 | There's a telco merger, level three and CenturyLink merging. That's going to create like a $30 billion company. |
| 1:25.2 | There's a brokerage merger. We had TD Ameritrade agreed to buy Scott trade. |
| 1:29.8 | That was just $4 billion. |
| 1:31.8 | That's absolutely nothing. |
| 1:33.3 | There's a massive semiconductor merger where Qualcomm, the semi-conductor giant, is buying |
| 1:39.7 | this company called, I have to admit, NXP semiconductors, which I had never heard of, but which apparently |
| 1:45.8 | makes computer chips for cars and is paying $39 billion for this company I've never heard of. |
| 1:55.5 | And so, yeah, love is in the air. |
| 1:57.8 | Or bad love. |
... |
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