Global Chip War Heats Up & Bob Iger's $250M Women's Soccer Stake
Jul 18, 2024
31:28
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Topics include the US-China chip war, Bob Iger's $250M women's soccer stake, Supreme's acquisition, Emmy nominations, the fastest human-made object, declining pool industry, and the trend of 'Strava Jockeys' in Indonesia.
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Quick takeaways
Geopolitical tensions impact chip stocks, highlighting sector sensitivity to global politics.
Women's sports team valuation soars with Bob Iger's $250M stake, signaling growth in the industry.
Deep dives
Ken Griffin Buys $45 Million Fossil 'Apex' Setting New Record
Hedge fund billionaire Ken Griffin bought the 150-million-year-old Stegosaurus fossil named 'Apex' for nearly $45 million, making it the most expensive fossil sale ever. Griffin's previous purchase of a first edition copy of the Constitution for $43 million highlights his penchant for high-value acquisitions. Griffin has a history of acquiring American artifacts, aiming to keep them in the country, aligning with his patriotic leanings.
Chip Stocks Plummet Due to Geopolitical Tensions and Trade Concerns
Geopolitical tensions and trade concerns hit chip stocks hard, causing Wall Street's semiconductor index to lose over $480 billion in market value. Form President Trump's remarks on Taiwan's defense funding to potential trade curbs by the Biden administration, uncertainties loom over chip equipment sales to China. This geopolitical crossfire affected chip companies' stock performances, highlighting the sector's sensitivity to global political dynamics.
Angel City FC Sells Controlling Stake to Disney CEO and USC's Journalism Dean
Angel City FC, now the most valuable women's sports team globally, sold a controlling stake to Disney CEO Bob Iger and USC's Journalism School Dean Willow Bay. Despite past struggles on and off the field, the team's valuation surged, underlining the growth and valuation transition in women's sports. The team aims to overcome internal tensions and become the first billion-dollar women's sports franchise.
Strava Jockeys: Running for Social Validation
Strava jockeys, running as a service, emerged, allowing clients to pay runners to record their runs for social validation on the fitness app. Originating in Indonesia, this trend reflects the growing emphasis on running as a social status marker. The concept raises questions about the influence of social media on personal branding and the motivations behind displaying athletic achievements online.
Episode 368: Neal and Toby chat about the latest chapter in the US-China chip war where a Trump interview with Bloomberg sent semiconductor chip indexes tumbling, while China is looking to expand their chip capabilities. Then, a couple of major deals with Bob Iger acquiring Angel City FC for $250M and Ray-Ban owner acquires the once-popular streetwear brand Supreme. Plus, Neal shares his favorite numbers from the Emmy’s, the fastest human-made object, and night-owl productivity. Meanwhile, the pool industry is slowly drowning. Lastly, the trend of running-for-hire is spreading throughout Indonesia. Behold the Strava Jockey.
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00:00 - Ken Griffin buys Apex Stegosaurus
03:00 - Chip wars heat up
07:15 - Angel City FC bought for $250M
11:45 - Ray-Ban buys Supreme brand
15:30 - Neal’s Numbers: Emmy’s, fast object, night-owls