“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

4.6 • 9.8K Ratings

🗓️ 14 January 2021

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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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

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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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