“Why do I want to get in your car?”
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 13 August 2020
⏱️ 18 minutes
🧾️ Download transcript
Summary
Lyft’s 2nd-quarter revenue fell more than 60%. Tapestry’s online sales in the 4th quarter were strong, but not enough to make up for the numerous questions facing the company. Jim Gillies analyzes those stories, along with AMC Entertainment’s promotion to re-open movie theaters in the U.S.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's Thursday, August 13th. |
| 0:03.7 | Welcome to Market Foolery. |
| 0:05.2 | I'm Chris Hill with me from the Great White North. |
| 0:07.4 | It's Jim Gillies. |
| 0:08.2 | Good to see you, my friend. |
| 0:10.5 | Good to be seeing Chris. |
| 0:11.6 | Not a very, it's a great humid north today but it'll be the great white north in a month or so probably again |
| 0:19.0 | We've got entertainment industry news. We've got retail earnings but we're going to start today with ride sharing. |
| 0:25.6 | Second quarter revenue for lift fell 61% and somehow that was still better than expected. |
| 0:33.0 | Lift says that ridership is on the upswing, |
| 0:36.6 | but shares are down about 5% today. |
| 0:39.2 | They're down 35% for the year. I'm sure there are some people who look at the drop and they're thinking |
| 0:46.8 | maybe this is a time to get in. Are you one of those people? |
| 0:51.8 | Absolutely not. I I fear you know I fear I'm going to be a very negative |
| 0:57.1 | Nellie on this show today and I'm an apologize in advance but but you know I I have been down on these types of companies for a while lift |
| 1:08.2 | Uber because look let's just deal with the earnings first as you said earnings better than expected and I mean I have probably seen for companies |
| 1:20.8 | reporting in the wackiest quarter we've ever seen. You know, the economy, the market down 35%, |
| 1:29.2 | GDP down I think at its peak was over 30% as well. |
| 1:35.0 | There's a nascent V-shaped recovery sort of kind of coming back, |
| 1:39.5 | but there's still, you know, a lot of unemployment, there's still a lot of concern what have you |
| 1:44.8 | today was announced in my province here in Ontario they've officially called |
| 1:49.3 | this a recession to which I said really gee thanks for catching up with what we knew in February or maybe March |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.