Amazon Dabbles in the Luxury Biz & How Euro Elections Impact Global Markets
Jul 8, 2024
30:36
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The podcast covers historical elections in the UK and France impacting US markets. Mega mergers include Saks Fifth Avenue and Neiman Marcus, Skydance and Paramount, and Six Flags and Cedar Fair. NASA's year-long Mars simulation, Steve Ballmer's wealth, Caesar salad's 100th anniversary, and other top news are discussed.
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Quick takeaways
Leftist alliance's victory in French parliamentary elections diversifies government for effective coalition formation.
Boeing's guilty plea in 737 MAX crashes reflects ongoing reputation challenges and legal obligations.
Deep dives
Fidelity App Enables Recurring Investments in Stocks and ETFs
Invest effortlessly with the Fidelity app by scheduling and setting up recurring investments in stocks and ETFs. This convenient feature simplifies investing, making it easier for users to stay committed to their investment goals.
France's Leftist Alliance Surprises with Parliamentary Win
In a surprising turn, a leftist alliance clinches victory in France's parliamentary elections, thwarting expectations of a far-right national rally party win. The alliance strategically consolidated votes to prevent right-wing dominance, paving the way for a politically diverse government that faces challenges in forming an effective coalition to govern.
Boeing's Guilty Plea and Criminal Fraud Charge
Boeing agrees to plead guilty to a criminal fraud charge related to the fatal 737 MAX crashes, in a deal that includes a hefty fine and probation. Families of crash victims express dismay at the plea deal, criticizing the lack of a trial. The agreement only covers pre-crash misconduct, highlighting ongoing challenges for Boeing's reputation and legal obligations.
Caesar Salad's 100th Anniversary: A Culinary Icon
Celebrate the 100th anniversary of the Caesar salad, a culinary classic with origins in Tijuana, Mexico by chef Caesar Cardini. Despite its simple ingredients, this timeless dish has endured trends and menu changes, becoming a staple in restaurants across the US. The salad's intriguing history and enduring popularity underscore its cultural significance and culinary influence.
Episode 360: Neal and Toby recap the historical elections happening across the pond in the UK and France, and how they will impact the US markets. Then, some mega mergers from over the weekend: Saks Fifth Avenue and Neiman Marcus create a luxury behemoth, Skydance and Paramount link up, and Six Flags and Cedar Fair become the largest amusement park operator in the US. Meanwhile, four volunteers emerge from NASA’s year-long experiment simulating what it’d be like to live on Mars. Also, Steve Ballmer briefly surpasses his former boss, Bill Gates, in net worth. Plus, the Caesar salad turns 100 which reignites the debates of who actually invented the iconic dish. Lastly, the biggest news you need to know this week.
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00:00 - Boeing pleads guilty
3:00 - French election surprise
6:30 - UK elections
9:30 - Saks Fifth Avenue merges with Neiman Marcus
12:00 - Paramount merges with Skydance
14:45 - Weekend winners: Mars crew & Steve Ballmer