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The Best One Yet

Walmart gets its M.D., WeWork’s acquires Spacious, and Dollar Tree & Dollar General’s Matrix-like tariff creativity

The Best One Yet

Nick & Jack Studios

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

4.69.8K Ratings

🗓️ 3 September 2019

⏱️ 16 minutes

🧾️ Download transcript

Summary

WeWork just acquired Spacious before its IPO, and the startup’s business model fascinated us. Walmart is stealthily testing out a new health center it could take nationwide. And Dollar Tree and Dollar General were about to be hit hard by tariffs — then they discovered 4 creative ways not to pay for tariffs.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.

0:03.1

And this is Snacks daily, welcome to September.

0:05.3

It is Tuesday, September 3rd.

0:07.2

Snackers, I'm not an Earth major in college, but I can tell you, we actually have 18 more

0:11.3

days of summer, so don't get too sad yet.

0:13.8

And that's perfect timing because this was the best Snacks daily.

0:16.2

Jack and I have ever done, we worked all three day weekend on it.

0:18.6

Jack, what have we got?

0:20.0

Markets rose by 2% last week, but we're focused on Walmart, which wants to become your

0:24.1

neighborhood doctor's office.

0:25.8

A big new project was revealed on Walmart.com.

0:28.5

This is a great situation if you want to shop while you're annoyingly wait for the dentist

0:32.0

to see you, which tends to take three hours.

0:33.7

Yeah, instead of looking at a 1998 issue of Time Magazine.

0:37.3

Second story, dollar general and dollar tree announced their earnings reports, and earlier

0:41.8

this year, we talked about these dollar stores being successful because of American income

0:46.5

inequality.

0:47.5

Now we've got to talk about their success with dodging tariffs in the most acrobatic way

0:51.0

we have ever seen.

0:52.5

Third and final story is the kind of unicorn of the day.

0:55.1

We work just acquired a company called Spacious.

0:57.4

Now we work is about to IPO, possibly this month, probably for billions of dollars.

...

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