The Rundown Tesla Approves Elon Musk's $30B Pay Package, Boeing Workers Go on Strike Again
21 snips
Aug 4, 2025 The latest market trends reveal a disappointing jobs report that has shaken stock performance. In corporate news, Elon Musk's astonishing $30 billion pay package from Tesla raises eyebrows. Meanwhile, Boeing faces significant challenges with defense workers striking, potentially affecting their revenue. On a lighter note, Adam Sandler's 'Happy Gilmore 2' is garnering praise on Netflix, reminding us how personal tastes in film evolve over time.
AI Snips
Chapters
Transcript
Episode notes
Labor Market Weakness Shocks Markets
- The recent jobs report showed significantly weaker job growth than expected, with a three-month average of only 35,000 jobs added.
- This weakness alarmed markets and led to the firing of the Bureau of Labor Statistics commissioner by President Trump.
Tesla Locks in Elon Musk
- Tesla approved a $29 billion pay package for Elon Musk to keep him focused and committed through 2027.
- The deal aims to lock in Musk given Tesla's current challenges and higher voting power will come gradually.
Berkshire Faces Profit Decline, Tariff Risks
- Berkshire Hathaway reported a 4% decline in operating profits, suffering a large write-down on Kraft Heinz.
- Warren Buffett warned that escalating tariffs could negatively impact their investments as he plans to step down as CEO.