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Viewsroom

Tribune stalls while Tesla puts pedal to metal

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 6 May 2016

⏱️ 24 minutes

🧾️ Download transcript

Summary

The newspaper chain's rejection of Gannett's hefty $815 million offer is a head-scratcher, hardly the sort of move that suggests the industry knows how to pull itself out of a prolonged slump. Can clever experiments like the New York Times' plan to deliver meals with the morning paper pump up profit? Meanwhile, Elon Musk's electric car company is accelerating production, claiming demand is outstripping supply. Maybe that's true, but technological glitches and a lack of capital could hold the company back. And bank customers may finally get their bite back. America's consumer watchdog – the Consumer Financial Protection Bureau – is reviving class-action lawsuits after  decades of corporate efforts to squelch people's right to go to court. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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It's AI that knows your work as well as you do.

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Visit Slack.com forward slash meet Slackbot to learn more.

0:30.8

This Breaking Views podcast is sponsored by Refenitive.

0:34.5

The views expressed on this podcast are those of the participants, not of Roiders'

0:39.6

news. Welcome to the Views Room, a weekly podcast brought to you by Reuters Breaking Views. I'm

0:49.0

Rob Cox, the editor of Breaking Views, coming to you from Zurich, Switzerland. Now, I don't even

0:53.0

know where to start with summing up this week's segment with my colleagues Liam Proud in London, John Foley, and Annie Somanski in New York. They've been covering this wacky situation where a company called GameStop that by all rights looks to be going out of business has shot absolutely through the moon. In what looks like a form of financial market populism, it appears the

1:12.2

little guys, as it were, sticking it to the big guys by using options to pump up the game

1:16.9

retailer shares, then forcing the big investors betting against it to go out and buy the stock

1:22.0

and cover their positions. It's not an isolated incident either. Something's happening in Europe as well.

1:28.8

And somebody is definitely going to get hurt. That's the one thing I can guarantee you.

1:34.0

After that, I chat with Jeff Goldfarb, our Asia editor Melbourne, about Australia's attempts

1:38.3

to hold the first tennis grand slam tournament of the year, and a spat brewing between the

1:43.1

government and Google, which may actually

1:44.9

go global. Give a listen.

1:48.5

GameStop Corporation, I would have thought that this was a company going towards bankruptcy,

1:54.1

something like Radio Shack, because one day nobody's going to go to stores.

1:58.6

Like a blockbuster video, who goes there? It's dead.

...

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