Congressional Insider Trading & Saks’ Luxury Goes Bankrupt
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Episode 103: Today, Ann reviews Congress’s fresh attempt to self-regulate their personal stock trading - will the newly proposed legislation actually curb insider trading and, as the committee chair claims, “restore the public’s trust in their elected officials”? Then we look at Saks Global’s bankruptcy filing just a year after it acquired Neiman Marcus and survey the possible beneficiaries from Macy’s Bloomingdales to discounter TJMaxx. Finally, AirBNB updates its AI leadership, Netflix updates its bid for Warner Brothers Discovery and Tesla updates its purchase terms for self-driving.
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00:00 Welcome to Brew Markets Daily
00:00 Regulating Congressional Stock Trade
00:00 Bankrupt: Saks, Neiman and Bergdorf
00:00 Market Close
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