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The Best One Yet

Why stocks just plummeted, Tyson’s (real) meat collussion, and Compass is our “Unicorn of the Day”

The Best One Yet

Nick & Jack Studios

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

4.69.8K Ratings

🗓️ 6 August 2019

⏱️ 17 minutes

🧾️ Download transcript

Summary

Worst. Day. Of. The. Year. The trade war just opened up a fresh new front: the currency battles. Meat giant Tyson shares surged, but then it announced it’s being investigated for collusion on your chicken prices. And Compass has almost doubled its valuation in less than a year to $6.4B — its dream is to bring tech to real estate.  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, and this is Snacks.

0:04.3

Daily, it is Tuesday, August 6th, and this is the best one yet.

0:09.4

T-B-O-Y!

0:11.1

Best one yet, I'm pumped for this one.

0:12.8

Now markets actually had the worst one yet, it was actually the worst day of the year.

0:15.8

Look, markets fell by 3% last week, and they fell by 3% again yesterday.

0:21.3

This is a bad stretch.

0:22.5

Jack and I got together, we reflected a bit, and we decided we could find three wonderfully

0:26.4

diverse stories today.

0:27.4

Jack, what do we got first?

0:28.6

The first one is a new front in the trade war.

0:31.4

It's called a currency war, and it handed stocks by far, the worst day of 2019.

0:36.6

This was the trade war kicked up like four or five, maybe nine or ten notches.

0:41.3

Second story is all about big meat, we're talking Tyson Foods, big meat is accused of big

0:47.0

collusion.

0:48.0

We guarantee, the next time you're at a barbecue, probably this weekend, bring this up over

0:51.3

a couple of like chicken breasts, this is going to be a conversation start.

0:54.6

The third and final story, the unicorn of the day, is a company called Compass, it's

0:59.4

worth $6.4 billion, bringing tech to real estate.

1:03.4

Here's the secret of techifying yourself.

1:05.6

Open an engineering hub somewhere and tell everyone about it.

1:09.1

Now before we get to all that, we've got kind of like that weird feeling that you only

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