The $399 iPhone, SmileDirectClub’s California problem, and Goldman’s WeWork worry

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 15 October 2019

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

SmileDirectClub has become the worst performing IPO of 2019, but fell another 13% Monday after a new California law was signed by California’s governor. The 3rd quarter earnings season kicks off this week with big banks, but we’re looking at Goldman’s venture investments like WeWork and Uber. And an analyst’s deep dive into Apple’s Asian supply chain reveals it could be coming out with a cheaper model because, you know, services.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.
0:04.6	It is Tuesday, October 15th.
0:07.2	Welcome to the best one yet.
0:09.1	This is the best snack daily we've ever done.
0:10.4	Jack, what is going on?
0:12.4	Market slipped a tad because that mini deal we talked about with China, forever round.
0:17.8	A little questionable.
0:18.8	Maybe smaller than we thought.
0:19.8	Alright, what's our first story over here, Jack?
0:21.4	Smile Direct Club is the worst IPO of 2019.
0:25.0	It's official, and it fell another 13% on Monday.
0:28.0	Because of a stroke of a governor's pen, like poetry.
0:31.3	Second story, Goldman Sachs reports earnings today.
0:34.2	Yep, but we're not talking about its investment banking business.
0:37.1	We're talking about something else.
0:38.2	We're talking about its venture investments, Jack, are you thinking Uber and we work over
0:42.5	here?
0:43.5	Goldman Sachs is a proud partial owner of Uber and we work.
0:46.4	Actually, not so proud.
0:47.4	Third and final story, Jack.
0:48.4	We've got boots on the ground in China, and those boots?
0:51.0	I think Apple is revealing a $400 iPhone SE2 right after New Year's.
	...

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