Americans Are All-In on Owning Stocks & China Concerns Ground Canada Goose
Oct 20, 2023
27:38
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CEOs responding to Israel-Hamas War, rise in stock ownership among Americans, net neutrality discussion, OpenAI's growth and Canada Goose's decline, success of a popular game and its business model.
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Quick takeaways
CEOs are facing pressure to make statements on the Israel-Hamas war, highlighting the challenge of navigating geopolitical issues while addressing investors and employees.
The share of American households owning stocks hit an all-time high, indicating a rise in stock ownership and an increase in the median net worth of US families.
Deep dives
CEOs pressured to comment on Israel-Hamas war in earnings calls
CEOs are facing pressure to make statements on the Israel-Hamas war during earnings calls. Nasdaq CEO Adina Friedman and other executives have already issued statements, while other companies have stayed silent. The varying approaches show the challenge for corporate execs in navigating geopolitical issues. Crisis communication experts are being sought for help on addressing the crisis with investors and employees.
Record high ownership of stocks among American households
The share of American households owning stocks hit an all-time high in 2022, with about 58% of households owning stocks. Direct ownership of stocks increased notably between 2019 and 2022. This rise in stock ownership aligns with an increase in the median net worth of US families as well.
FCC takes steps to restore net neutrality rules
The FCC has taken its first step towards restoring net neutrality rules that were implemented and later scrapped. The aim is to classify internet providers as utilities and ensure an open internet. Democrats on the FCC support restoring net neutrality, while internet service providers and Republicans oppose it.
Episode 174: Neal and Toby discuss how CEOs and companies are responding to the Israel-Hamas War. Plus, why over half of American households own stock now and how net neutrality may soon be revived. The guys share their stock and dog of the week and also Costco's long-time CEO is stepping down. And finally, what's the deal with GeoGuessr?