Waymo’s valuation plummets, RV-giant Thor Industries jumps 16% on global camping, and Budweiser’s Asia IPO

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 1 October 2019

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bud had a hefty bar tab, so it just spun-off its Asia beer business — and the IPO proved unsexy business models may be sexy again. Google’s self-driving car division just had its valuation slashed because it’s taking. Way. Too. Long. To. Arrive. And the world’s biggest RV-maker, Thor Industries, jumped 16% because camping is going global.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.
0:03.0	And this is Snacks daily.
0:04.6	It is Tuesday, welcome to October 1st.
0:07.2	Yes, the fourth quarter.
0:08.9	Fourth quarter game we're bringing today.
0:10.7	Good thing because this is the best snack daily we've ever done in a fourth quarter.
0:14.6	Get this, it's also the best first 75% of the year since 1997.
0:19.9	The S&P 500 is up 19%.
0:21.9	Jack, I need like a chalkboard to follow this.
0:24.4	In the meantime, can you tell me what the first story is?
0:27.4	This story is about Budweiser, AB in Beth Budweiser's parenthesis.
0:31.2	It packaged up its Asia business.
0:33.2	Nice.
0:34.2	Rued up an IPO out there with $5 billion.
0:36.4	Delicious, it's an unsexy business model that's sexy too.
0:40.4	Second company, Thor Industries, not sexy, very intimidating name.
0:44.6	The RV company has a publicly traded stock that just surged 16%.
0:48.9	And it's because global camping is becoming a thing.
0:52.3	Third and final story, Waymo, the self-driving car company, Alphabet secret weapon.
0:57.4	It kind of just saw its valuation fall by 40%.
1:00.5	Tell us a lot about the state of self-driving cars.
1:02.8	We'll jump into that one.
	...

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