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The Best One Yet

WeWork’s bailout, McDonald’s got more money from fewer diners, and Nike & Under Armour’s CEOs are out

The Best One Yet

Nick & Jack Studios

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

4.69.8K Ratings

🗓️ 23 October 2019

⏱️ 17 minutes

🧾️ Download transcript

Summary

Without its IPO, WeWork was about to run out of cash in weeks — now it’s signed a bailout deal that drops its valuation from $47B to about $8B. McDonald’s had fewer diners last quarter, but it squeezed more sales out of all of them. And both Nike and Under Armour’s CEOs announced they’re leaving yesterday and their replacements reveal the companies’ growth plans.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 Jan. This is Snacks daily. It is Wednesday October 23rd.

0:06.4

We are at peak earnings report season. Are you thinking what I'm thinking on this one?

0:09.4

The best point. It's the best snack daily. We're serving it up for the Snackers.

0:12.0

What have we got for our first story here? We work just got bailed out. Big.

0:15.9

This was a bailout, people. We're talking valuation change.

0:18.7

The valuation dropped from 47 billion the last time we worked we had money.

0:23.0

To 8 billion now. We've got a winner too. The winner is Adam Newman.

0:26.8

The CEO. The loser is pretty much everyone else on it. There's a lot of losers.

0:30.5

It's actually kind of a sad story. It's not a great story.

0:32.9

Second story though. McDonald's had fewer diners last quarter,

0:36.5

but somehow had more sales. If so, Factor, don't know how they did this.

0:41.2

It's like squeezing more juice out of the orange, except squeezing more ketchup out of the pack.

0:46.0

Pitching that like thing, you got to roll up a little bit. It's hard.

0:48.1

And our job of the day is our third and final story. This one sounds new.

0:52.0

There's a couple new openings for CEO of Athletic Apparel Company.

0:55.6

Unfortunately, they're closed. They've already been filled.

0:57.3

LinkedIn's like, you might be good for this job.

0:59.4

Yeah, it's too bad it's already taken.

1:00.8

The CEOs of Under Armour and Nike just stepped down on the same day.

1:05.5

We're curious what that means. We're looking at both changes.

1:08.0

But before we get into that, we have to talk about pizza,

1:10.6

which is making another pizza innovation.

...

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