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The Best One Yet

“Tesla is a 14-year-old LeBron James” — Lemonade goes public. Tesla > Toyota. Walmart’s drive-in movies.

The Best One Yet

Nick & Jack Studios

Business, News, Finance, Pop Culture, Business News, Tech

4.69.8K Ratings

🗓️ 6 July 2020

⏱️ 18 minutes

🧾️ Download transcript

Summary

Techie insurance startup Lemonade IPO’d Thursday and its stock doubled. That’s actually an unfair problem with finance. Tesla became Earth’s most valuable car company — and then backed it up that milestone with an awesome report. And Walmart is turning 160 of its parking lots into drive-in movie theaters, but it’s not just about kindness and smiles.Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Transcript

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0:00.0

This is Nick, this is Jack, and this is Snacks Daily Welcome Back.

0:05.0

It is Monday, July 6th.

0:06.6

Markets rose on some good news about the economy before the three-day weekend we just finished.

0:11.2

Jack, before we get into it, I gotta say, you're looking fantastic.

0:14.4

The Masked Handline, Sharp Power Move.

0:17.0

Trying to do my part, just trying to do my part.

0:19.5

Double down on the mask, two at night, one during the day.

0:22.1

Jack, what's going on?

0:24.0

Good news for the economy on Thursday.

0:25.8

We learned that the unemployment rate in America dropped to just 11% still historically bad, but better than in May.

0:32.3

And it turns out that was a week before phase number two of wave number one of coronavirus just started hitting.

0:37.3

True, those are pre-second phase of wave one, COVID numbers.

0:41.3

Also, we should point out the question in this e-con data, are you employed?

0:44.8

Kind of a direct awkward question.

0:46.3

It's like my restaurant is kind of open.

0:48.3

I'm kind of getting paid.

0:49.8

I kind of don't know what my situation is.

0:52.3

A lot of hard answers there, but we managed to whip up the best snacks daily ever.

0:56.6

Better than what we've ever done.

0:57.6

Our first story, when bankers hand you a lemon valuation, you make Wall Street lemonade.

1:02.3

We're looking at what's also right and also wrong about lemonade's IPO.

1:06.3

For our second story, Tesla just became planet Earth's number one most valuable car company, passing Toyota.

...

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