WeWork’s CEO is out, Nike goes for dude-leisure-wear, Nio (the Tesla of China) cancels its earnings call

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 25 September 2019

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After a crazy week, WeWork’s co-founder and CEO stepped down. Nike’s earnings reveal its next opportunity is really with guys wearing athleisure. And Nio, the Tesla of China, plummeted 22% after another rough quarter that forced it to shockingly cancel its earnings call.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	This is Snacks daily, this Wednesday, September 25th.
0:06.0	Snackers, yesterday was a big day.
0:07.7	Huge news day.
0:08.7	Huge news day.
0:09.7	Such a big news day that today's podcast is the best one we've ever done.
0:13.6	Now, markets dipped on news that there might be an impeachment in Washington.
0:17.9	Meanwhile, you've got a lot of political business stuff going on with our unicorn of the day.
0:21.6	Yeah, we'll cover the impeachment stuff if it directly affects markets, but for now,
0:26.0	we work is the biggest startup story of the year and a tumultuous week just ended with
0:30.3	a big change.
0:31.3	Adam Newman, the co-founder of Sasha Io, he just stepped down.
0:34.3	The guy who made we work, me work, it was me work, just stepped, basically became me work.
0:38.8	Second story, Neo, the Tesla of China just canceled its earnings call.
0:43.2	That's not a good sign.
0:44.2	And that's shares fell 22 percent.
0:45.2	Never go any out of cancel this thing.
0:46.2	You never want to send out that email.
0:47.4	Third and final story, Nike just had a great earnings quarter because of China sales.
0:51.3	But we have a bold claim.
0:52.5	We think Nike could evangelize the dudes who haven't tried Athleteisure to start trying
0:57.0	Athleteisure.
	...

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