The Dow Jones Industrial Average: Imperfect yet Significant

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The Dow Jones Industrial Average is plagued by imperfections like obsolete companies, strange weightings, and recent underperformance compared to the S&P 500. It is calculated based on share prices rather than market value and consists of only 30 companies, leading to limited attention on Wall Street. Despite these flaws, the index, which includes renowned American companies like McDonald's and Disney, holds historical significance, especially when it reaches milestone numbers like 40,000.

Episode 325: Neal and Toby recap the latest Supreme Court decision to spurn an attempt to take down the Consumer Financial Protection Bureau. Then, the Dow Jones Average hits a new milestone signaling Wall Street’s unyielding confidence in the market. Plus, the United Auto Workers union continues its campaign in Alabama where it’s looking to unionize Mercedes-Benz workers. Next, TWO stocks of the week: Walmart remains king of retail and Chubb has the Buffett stamp of approval. Meanwhile, two brothers were arrested for stealing $25M in crypto at lightning fast speed. Lastly, a humble taco stand in Mexico receives a Michelin star.

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00:00 - Uber CEO interview now!

2:00 - Supreme Court rules in favor of CFPB

5:50 - Dow Jones milestone

10:00 - UAW takes on Mercedes-Benz

13:50 - Stocks of the week: Walmart and Chubb

19:20 - Crypto hackers caught

22:00 - Michelin starred taco stand

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