Urban Outfitters launches subscription clothing rental. Tesla hits a 3-year low. And JCPenney’s “graceful shrinking”

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 22 May 2019

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tesla stock hit a 3-year low this week after one analysts’ aggressive dystopian imagery. Urban Outfitters is trying on its best Rent the Runway impression, whipping out a new clothing rental business to be called Nuuly. And JCPenney’s falls 7% for its uninspiring-ness.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.
0:02.8	This is Stacks Daily, it's Wednesday, May 26th.
0:05.8	This is the best one yet.
0:07.2	It's straight up TBY, Jack.
0:09.4	Markets rose about 200 points.
0:10.9	Very nice.
0:11.6	We're covering three stories.
0:12.7	I have wonderful mix today.
0:13.8	The first is Urban Outfitters.
0:15.3	It just unveiled its own clothing rental subscription.
0:18.2	The name is newly the meaning we have no idea.
0:21.3	Second story is Tesla.
0:22.5	Shares just hit a three year low.
0:24.3	A top Tesla analyst, who's usually a big fan of the company,
0:28.5	just went pretty dark.
0:29.8	This is a scenario where Tesla almost dies.
0:33.2	Another dark story, Coles and JC Penny.
0:35.5	They just announced earnings and it brought me down.
0:37.7	It brought down the entire department store industry.
0:39.6	You're bringing down everyone.
0:40.5	May sees North China, they were filming
0:42.2	the sympathy pains on this.
	...

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