“Why stocks plummeted 7%” — Chewy’s over-eagerness. Zoom’s China drama. The Dow’s 7% drop.

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 12 June 2020

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

That recovery rally hit a hard Wall Street wall, so we’re looking at why the Dow plummeted 7% for its worst day in months. Chewy is enjoying the current puppy-palooza, but it’s more focused on its anti-Amazon tactic: customer service. And in 1 day we just saw 2 opposite approaches to doing biz in China — Zoom’s way (censor) and a scrappy podcast startup’s way (don’t-censor).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 Friday, June 12.
0:06.6	Nick, the Dow just got walloped by 7%.
0:10.2	Careful Snackers, Jack's spanking his palms over there.
0:13.3	Nick, we haven't seen a plunge like this on the stock market since...
0:16.5	Three months ago.
0:17.6	Three months ago.
0:18.6	Three months ago.
0:19.6	Still, Jack and I managed to whip up the best one yet.
0:23.0	For ya.
0:24.0	Our first story, Chuy.com is loving.
0:26.2	The current puppy pollusa we all got going on.
0:28.3	The corona economy's been good to the online pet retailer, but not good enough.
0:33.0	Our second story, Zoom.
0:34.7	It's got a dilemma that will determine the future of its China business.
0:37.9	Yeah, you know, the old become part of China's brutal online censorship or get banned in
0:42.3	China by China's online censorship.
0:45.1	Top sticky situation there.
0:46.7	Third and final story.
0:48.1	The average US stock fell a whopping 6% yesterday on COVID-queousiness.
0:53.3	And it was for all the kinds of reasons that were, you know, 100% foreseeable.
0:57.2	This is definitely a tea boy.
	...

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