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RiskReversal Pod

Stock Market Jubilee with Wilfred Frost of NBC & Sky News

RiskReversal Pod

RiskReversal Media

Investing, Business News, News, Business

4.7836 Ratings

🗓️ 6 June 2022

⏱️ 59 minutes

🧾️ Download transcript

Summary

On this bonus episode Dan and Guy discuss Amazon’s stock split (1:52), Apple at precarious levels (3:33), Elon Musk vs. Twitter (7:15), and Chinese stocks (9:14). The co-hosts interview Wilfred Frost, broadcast journalist with Sky News, NBC and CNBC, and talk about covering Queen Elizabeth’s Platinum Jubilee (20:15), his biggest lessons from being a financial news broadcaster in America (21:36), how capitalism differs between the U.S. and England (25:20), the legacy of his father David Frost & the new season of “The Frost Tapes” (39:20) . ---- See what adding futures can do for you at cmegroup.com/onthetape.  ---- Shoot us an email at OnTheTape@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

Click on a timestamp to play from that location

0:00.0

It is Monday, June 6th.

0:03.7

Welcome to a bonus episode of On the Tape.

0:06.5

Today, Dan and I sat down with Wilford Frost, 6-foot-6 British stud, soon to be the next James Bond, for an in-depth interview, conversation.

0:19.1

I love the guy.

0:19.9

I know Dan does as well. By the way, side note,

0:22.8

Dan and his wife actually went out to his wedding a week and a half or so ago. Dan, how are you?

0:29.3

I'm doing well, Guy Damme. This is kind of weird for us, potting on a Monday without Danny Moses.

0:34.2

We miss Danny. Danny will be back with us. We have a very special episode.

0:38.0

We're sitting down with Herb Greenberg later on the week. Yep, you, me, and Danny. That'll drop

0:43.1

Friday morning. So check that out. All right, let's just kind of get into it, guy. We got 10 minutes.

0:48.5

Let's put 10 minutes on the clock, okay, before we get to the Wilford interview here, what's catching my eye? It's shortly after the

0:54.4

opening on Monday. I see Amazon is a $128 stock. Guy, last week, it was a $2,000 stock, but today it's up

1:03.2

nearly 5%. So a 20 for one split causes retail investors? Is it retail investors? Just surging into the

1:10.6

name here? What's your take on that?

1:11.7

That seems to be. We discussed it on Fast Money on Friday. We've talked about it for a while.

1:15.5

Listen, you know, I said on Fast Money that I'm one of those get off my lawn, old dudes in terms of

1:20.3

stocks splits. But I've come to learn that regardless of the math associated with it, something does

1:25.9

happen when these stocks split. Maybe it's just as simple as that.

1:29.1

Retail investors get in or maybe options can now be traded more actively.

1:33.9

I'm not sure, but it clearly works.

1:35.5

We'll see.

1:36.2

With all that said, though, Dan, I know you know this as well.

...

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