Southwest Changes Seats

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 11 September 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

The airline is keeping its CEO, but losing a large chunk of its board. In the fight with Elliott Management, who’s winning?(00:21) Bill Mann and Mary Long discuss: Proposals for the US to develop a sovereign wealth fund The activist battle at Southwest Airlines Why Campbell’s dropped the “soup” Then, (13:52) Robert “Bro” Brokamp continues a two-part interview with Dave Hatter, a cybersecurity consultant at Intrust IT, about how to protect your personal data after a security breach. Check out the Range Rover Sport at www.landroverusa.com Join us at our live podcast recording in Denver with Bigger Pockets on Wednesday, September 18: https://www.meetup.com/biggerpockets/events/303028272/ Companies discussed: SWA, DLA, CPB Host: Mary Long Guests: Bill Mann, Robert Brokamp, Dave Hatter Producer: Ricky Mulvey Engineer: Tim Sparks, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	There was more than one debate yesterday. You're listening to Motley Full Money. I'm very long joined today by Bill Mann,
0:13.0	pleasure to have you. I'm Mary Long joined today by Bill Mann, Bill.
0:23.4	Pleasure to have you. Thank you for being here.
0:25.8	Hey Mary, how are you?
0:27.6	I'm doing swell. How about yourself?
0:29.4	I'm also swell?
0:31.3	I am so glad to hear that. You know yesterday, big event in
0:35.7	American News, we had a presidential debate between Donald Trump and
0:38.9	Kamala Harris. Thankfully, it is not our job to debrief that but I did want to kind of nod to that to that event
0:46.4	and maybe hit on an interesting policy proposal that I've caught whispers about recently
0:51.1	and I kind of figured you would have some takes on.
0:54.0	Democrats and Republicans alike have recently indicated interest in
0:58.0	setting up a sovereign wealth fund in the US.
1:01.0	Trump mentioned this at an event not so long ago and Biden shortly thereafter said oh we've
1:04.7	been thinking about setting something similar up. These investment vehicles are already pretty
1:08.1	popular in Asia and the Middle East Norway has one. Why don't we currently have one here?
1:13.0	What are the countries that have sovereign wealth funds have in common?
1:17.5	They're small.
1:18.5	Ah, it's close. They have trade surpluses. which the US as the owner of the reserve currency for the globe does not have and will not have.
1:30.0	This is a crazy idea.
1:33.8	First of all in the U.S.
1:34.8	we have about $5 trillion already in public pension funds, which is kind of like a sovereign
	...

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