Peloton was a big one. They were they're definitely something that you don't need. There are exercise bikes that are about a tenth of the price of a Peloton. Even like companies that specialize in discretionary retail, like say Best Buy, like to a lesser degree because they do sell things that people kind of needLike a washer and a dryer and things like that. But they do sell a lot of things that people were buying in large quantities, one because they were working from home and two just because they had a lot of extra money.
(0:20) Tim Beyers discusses: - Shares of Salesforce popping 12% on better-than-expected 4th-quarter results - How Salesforce has more focus but is still a business in transition - The doubling of the company's share buyback program
(11:30) Jason Moser and Matt Frankel discuss the decline of the "Nice to have" economy.
Companies discussed: CRM, PTON, NFLX, DIS, SFIX, FIGS
Host: Chris Hill Guests: Tim Beyers, Jason Moser, Matt Frankel Producer: Ricky Mulvey Engineer: Rick Engdahl
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