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The Best One Yet

“The power is in the plumbing” — Visa cancels Plaid. GM Teslafies itself. KB Homes’ backlog secret.

The Best One Yet

Nick & Jack Studios

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

4.69.8K Ratings

🗓️ 14 January 2021

⏱️ 19 minutes

🧾️ Download transcript

Summary

General Motors just did its best impression of Tesla (and it was good enough to pop the stock to an all-time high). We noticed 3 lines in KB Homes’ earnings report that tell us everything about the real estate market in 2021. And Visa just canceled its $5B acquisition of Plaid, which will change the future of your credit card.$KBH $V $GMGot a SnackFact? Tweet it @RobinhoodSnacks @TBOYJack @NickOfNewYorkWant a shoutout on the pod? Fill out this form:https://forms.gle/KhUAo31xmkSdeynD9Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Transcript

Click on a timestamp to play from that location

0:00.0

This is Nick, this is Jack, and this is Snacks daily.

0:04.3

It is Thursday the new Friday, January 14th.

0:07.2

Breaking Thursday afternoon news, the president of the United States was impeached for a second

0:12.2

time by the US House of Representatives.

0:14.2

We know you're thinking what it's docks do, not really a market story stocks didn't

0:18.0

really, they didn't really do anything.

0:19.4

The second impeachment of Donald Trump affects history, not as much the future.

0:23.3

Exactly, so Snackers, we're going to update you again if the Senate convicts and ends

0:28.0

up barring Trump for being president again in the future.

0:30.7

Meantime, this is the best one, yeah.

0:32.8

T-B-O-Y, Jack, first story, what do we got today?

0:35.0

K-B Holmes does one thing and does one thing really, really well.

0:38.9

They build homes.

0:39.9

That's what they do.

0:40.9

And Jack and I noticed three lines in their earnings report that tell us everything you

0:45.7

got to know about real estate in 2021.

0:48.3

Jack, what do I got to do to get you in this two-story tutor?

0:50.8

For our second story, Visa, try to acquire a plan for $5 billion, but that credit card

0:55.5

deal just got declined.

0:56.9

Yeah, funny thing, that might be the best thing that's ever happened to plaid, ever.

1:01.6

Bad news is good news for our third and final story.

1:04.5

GM tossed off their tie.

...

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