This chapter emphasizes the importance of maintaining a calm mindset and avoiding impulsive reactions to sudden market fluctuations, highlighting the need to base decisions on concrete material information. It also discusses Amazon's plan to launch a service focusing on cheap clothing and household goods sourced from warehouses in China, debating the potential risks and impacts on the retail business. Additionally, the chapter delves into Amazon's achievement of a $2 trillion market cap, emphasizing the significance of Amazon Web Services (AWS) and their involvement in the AI field through AI models, products, and partnerships.
Welcome to the stock market in 2024.
When we recorded today’s show, Chewy was up about 60% for the month. By the time we wrote the description, Roaring Kitty had posted a picture of a dog and the stock was briefly up more than 80% on the month.
(00:21) Ricky Mulvey and Tim Beyers discuss what’s behind Chewy’s surge, Amazon’s new retail plan and journey to being a multi-trillion-dollar company.
Then, William Cohan from Puck (16:13) joins Ricky to discuss his reporting on Paramount and future after it turned down a buyout deal from Skydance Media.
Companies discussed: CHWY, AMZN, PARA
Check out Puck’s newsletters: https://puck.news/newsletters/
Host: Ricky Mulvey
Guests: Tim Beyers, William Cohan
Producer: Dylan Lewis
Engineers: Dan Boyd, Tim Sparks
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