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Slate Money

Slate Money - The Blame Iowa Edition

Slate Money

Slate Podcasts

Investing, Business

4.11.1K Ratings

🗓️ 28 July 2018

⏱️ 43 minutes

🧾️ Download transcript

Summary

Tumbling tech stocks, Trump’s tariffs, Sergio Marchionne, and 23andMe on this week's episode with Emily Peck, Felix Salmon, and Anna Szymanski.

In the Slate Plus segment, Felix, Anna, and Emily go even deeper Kit Kats and Toblerone. 

Email: slatemoney@slate.comTwitter: @felixsalmon, @Three_Guineas, @EmilyRPeck.

Production by Max Jacobs and June Thomas.


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

Transcript

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0:00.0

Hello and welcome to the blame Iowa edition of Slate Money, your guide to the Business and Finance News of the Week.

0:21.3

I'm Felix Salmon, joined as ever by Anna Shemansky, hello.

0:26.0

And Emily Peck of the Huffington Post.

0:28.5

Hello.

0:29.3

And the business and finance news of the week this week, there was literally so much news of

0:35.5

the week this week that we are doing something we have never done

0:38.8

before and we're squeezing in a whole extra segment we're going to have four segments rather

0:43.0

than three because there's just too much news we have to talk about the crazy agriculture

0:51.9

tariff situation and 12 billion dollars in farm aid and all of that, obviously.

0:58.5

We have to talk about Porccio-Machion or, you know, the man who's turned around two

1:04.6

different car companies.

1:05.8

I don't think anyone else has really, you know, managed ever to do more than one.

1:09.3

Even one's hard.

1:10.0

We have to talk about 23 and me because, like, if we're talking about people invading privacy,

1:20.7

then on the kind of genetic level, that's a whole new level.

1:24.5

So we have to talk about what they're doing.

1:26.0

They just got a massive investment.

1:32.9

We're going to talk about that. But on top of all of that, we kind of have to talk about this Facebook earnings and Twitter earnings and what we have going on here in the markets. We don't

1:39.7

talk about the markets all that much. We don't talk about the stock markets and movements in the stock

1:43.5

market all that much. We are, we generally rise above such mundane considerations here on

1:50.3

slate money. But when a $120 billion is wiped off the market cap of a single stock in a single

1:56.9

day, which has never before happened in human history, Like, we should at least take notice of that.

...

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