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Ep. 26: West Wing - Inauguration! And Then?
Manage episode 170144956 series 1084238
Sisällön tarjoaa Offbeat Wall Street. Offbeat Wall Street tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
It's going to be a good week for civics lessons. We start off with a holiday for Martin Luther King day. And end up with the inauguration of a new president. In this episode, we take a look at what Wall Street is expecting from the new administration. We also contemplate the possible complications that might come up with a president who is both pro-business and anti-trade. We also look at some recent big-name earnings reports, and preview some possible headline-grabbers due out this week. And as always, we'll puruse some of the less-cited articles of Wall Street's constitution.... We've got delayed tax refunds, accidental Nazi footprints and new pieces for Monopoly. Apple is apparently jealous of Amazon and Cadillac might be jealous of Apple. And we've got the perfect job for soon-to-be-former president Barack Obama.
…
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Manage episode 170144956 series 1084238
Sisällön tarjoaa Offbeat Wall Street. Offbeat Wall Street tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
It's going to be a good week for civics lessons. We start off with a holiday for Martin Luther King day. And end up with the inauguration of a new president. In this episode, we take a look at what Wall Street is expecting from the new administration. We also contemplate the possible complications that might come up with a president who is both pro-business and anti-trade. We also look at some recent big-name earnings reports, and preview some possible headline-grabbers due out this week. And as always, we'll puruse some of the less-cited articles of Wall Street's constitution.... We've got delayed tax refunds, accidental Nazi footprints and new pieces for Monopoly. Apple is apparently jealous of Amazon and Cadillac might be jealous of Apple. And we've got the perfect job for soon-to-be-former president Barack Obama.
…
continue reading
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Offbeat Wall Street

This week, we're asking the question: "Is the Fed dazed and confused?" The Federal Reserve is scheduled to announce its latest interest rate decision this week. On the surface, this seems like a boring meeting. Almost everyone believes the central bank will leave rates alone. But where is the Fed going to go next? Opinions are starting to split. Longer term, it seems likely that the Fed will eventually resume its rate-hiking campaign. But there are growing whispers that the next move might have to be a rate cut. We'll take a deep dive into what the markets are looking for from the Fed and what the current economic outlook tells us. We'll also take a look at some of the earnings reports due out this week, including package delivery giant FedEx And as always, we'll park our Chevelles in front of some of Wall Street's more unheralded parties... We've got some good news about incomes in the U.S. Well, good news if you didn't have to live through the last 17 years. We've got Facebook claiming a wider U.S. reach than the U.S. has people. We've got a retailer experimenting with having no inventory. And we've got a few legal questions that need answering...One involves whether monkeys can hold a copyright. Another involves the constitutional right to wear a bikini to work. And a third tells you how NOT to deliver marijuana in California. Hint: don't use a drone.…
This week, we're celebrating Labor Day. There's no better time to take a look at work and employment market. Lucky for us, we have some jobs data to digest. Unlucky for us: the data came in worse than expected. We take a look at the numbers say and detail what they mean for the overall labor picture. We also take some time to acknowledge the tragedy in Houston and along the Gulf Coast. We look at the potential economic impact of the disaster, from gas prices to overall GDP impact. And as always, we send our consultants to review some of the more unusual departments on Wall Street... We've got some tales of accidental gouging in the wake of Hurricane Harvey. We've got a loss in the legal battle to watch movies without sex or violence. We've got a wall coming down in Westeros, but one maybe going up in Arizona. And we've got some controversy about who is going to replace the White Supremacist on our $20 bill.…
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Offbeat Wall Street

This week, we've got the big fight on our minds. Not Mayweather vs. McGregor. We've got job growth vs. the Federal Reserve's interest rate policy. The government is set to release its monthly jobs data this week. Employment growth has been strong throughout most of the year so far. We take a deep dive into the recent data, letting you know what's going on below the surface and how it stacks up historically. We also take a look at how the jobs data could impact the Federal Reserve's thinking. Earlier this year, it looked like the rate-hike train was well out of the station and picking up stream. In recent weeks, though, there's been a growing sense that the Fed needs to scale back. There's even been whispers that the next move should be a rate cut. And as always, we brawl with some of Wall Street's more obscure middleweights... We've got a review of the feud involving everyone's new cabinet WAG. We've got a lawsuit alleging premium bottled water is really just from a tap. We've got an electric Microbus on the way. We've got a $2 million lottery scam that could lead to 25 years in jail for one software programmer. We've got a European country that might launch its own cryptocurrency. And we've got bad news on the gender pay gap.…
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Offbeat Wall Street

This week, we're looking at three major themes: entertainment, sexism and shopping. That makes it a perfect week for Pretty Woman. First, entertainment: last week saw the release Disney's quarterly report. But the bigger news is the company's move away from Netflix. We take a look at the decision and at the state of Disney's business. On to sexism: last week saw another in a long line of troubling revelations about the state of gender relations in Silicon Valley. This time, the epicenter of the turmoil was in the capital of the new economy - Google. We recount what happened and look at how it fits into the larger narrative about Silicon Valley. Finally, to shopping: this week will see the release of a number of key earnings reports from the retailing sector. Wal-Mart will lead the charge. There's also reports due out from Target and from Home Depot. Meanwhile, we're poised to get the latest retail sales numbers from the government. And as always, we strut our stuff on some of Wall Street's more secluded corners.... We've got the first-ever acquisition by Netflix. We've got a price drop for Tesla's SUV. We've got a new entry in the space race - Ghana has sent its first satellite into orbit. The Trump brand might be expanding in China's version of Las Vegas. And one of the most high-profile patent trolls has finally been killed.…
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Offbeat Wall Street

This week, we're talking earnings again. We've gotten some big companies reporting recently. Last week alone, we got results from Facebook, Amazon and the parent of Google. But this week is the big dog. The alpha tech company. That's right: Apple is reporting. So we're taking a Teen Wolf-inspired look at leader of the Wall Street pack. And because we're old, we're inspired by the 1985 Michael J. Fox movie and not the MTV TV show. Sorry kids... Earnings aren't the only thing out this week...we're also going to get one of the biggest economic reports. The government is scheduled to release its monthly jobs data. We'll take a look at the labor market and how the employment report could affect interest rates. And as always, we howl at some of Wall Street's more obscure moons. This week, in honor of Apple, we've got a series of stories about technology taking over our lives. We've got a company in Wisconsin that's installing chips into their workers. We've got federal regulators trying to get oversight of parts of the cryptocurrency market. Meanwhile, we have a Singapore company trying to tie your Visa card with BitCoin. And Delta Airlines is testing the use of fingerprints instead of boarding passes.…
Dunkirk is out this week. So we're taking as our inspiration another World War II epic: Inglourious Basterds. With that in mind, we've got some glorious basterds on the docket this week... Some of the biggest of the big names are set to report their quarterly results this week. This includes three out of the four so-called FANG companies. On tap for this week: results from Facebook, Amazon and the parent company of Google. We also take a look back at earnings from Netflix - the other FANG brother - which has raised expectations for the bunch. We also check in on some upcoming economic news. The latest Federal Reserve decision is due out. Not much is expected this time around, but we'll preview what might be on tap for the rest of the year. Meanwhile, the first reading of economic performance for the second quarter is due out as well.…
This week, we're shaking up the format a bit. Instead of our usual tour through the darker alleys on Wall Street, we're taking a look at a little bit of business history. And in deference to Independence Day (and to cold beverages), we're going for a July-centered theme. In this episode, we detail two key days in the history of the Coca-Cola Company, both taking place in July, but happening nearly seven decades apart. In the first, we look at the July day in 1916 when Coke introduced its now-iconic bottle. In the second, we fast-forward to the 1980s, when the company had to fight to save itself from one of the biggest blunders in corporate history.…
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Offbeat Wall Street

The latest installment in Michael Bay's Transformers series is out. So we're paying tribute to the one-and-only original Transformers movie: the 1980s cartoon version. And with that in mind, we're looking at an economy that might be transforming. Or maybe its a cartoon. Updated statistics about economic growth are coming out. We'll bring you up to date on the current trends and preview what to expect. We'll also take a deep dive into some recent info for a couple of key sectors. Big stats are out about the housing and banking sectors. We'll look at how these affect the overall economic picture. We'll also take an early peak at the jobs numbers due out early next month. We'll review recent employment trends and see how it might impact upcoming Fed policy. And as always, we disguise ourselves as some of Wall Street's stranger vehicles... This week, we've got a shortage of a key ingredient in everyone's third-favorite ice cream flavor. We've got a baby born on an international flight. And he's got a pretty good first birthday present. We've got a woman killed by whip cream and a high-profile TV host getting sued. We've got millions of dollars in change left behind at airport security. And we've got a Netflix innovation that might help George R.R. Martin get his say back in Game of Thrones. Eventually. Maybe.…
This week, with The Mummy marking another in Hollywood's unending series of sequels and unnecessary reboots, we're honoring the ancient dark magic that keeps Tom Cruise's career going. We're asking the question: is the U.S. economy undead? Earlier this month we got jobs data. The stats showed that employment growth last month was weaker than expected. However, the unemployment rate ticked to its lowest level in more than a decade and a half. We take a deep dive into the data and look at what it means for the economy as a whole. We also preview this week's Federal Reserve meeting. The central bank is almost universally expected to announce another increase in interest rates. But we take a longer view, and look at how Fed policy could shape up for the rest of the year. And as always, we excavate some of Wall Street's dustier tombs... We've got false advertising from the Honest Company. We've got Walmart beginning to use employees for deliveries, while getting rid of employees for pick ups. We've got an end of driving tests on the horizon. And we've got Burger King taking its shot of the iron throne of Belgium.…
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Offbeat Wall Street

This week, with the release the fifth installment in the Pirates Of The Caribbean franchise, we're climbing into the crow’s nest and scouring the horizon for threats that could hijack the economy. First, we're going to get a new job report this week. The results have been spotty recently. After a run of good reports, the labor market took on some water in March. It bobbed back up in April, though, and we'll take a look at the labor market ahead of the new numbers. We’ll also check in on the Fed. The central bank is set to announce its next rate decision in a couple weeks. We detail provide an early preview of the meeting. And as always, we'll take on crew in some of Wall Street's more eclectic ports... We have a billionaire who is NOT running for president. Even though he's got a political platform to tell you about. We've got the great Amazon banana give away. We've got underpaid Uber drivers and facial recognition baggage drops. And we have a real tongue-twister of a logo fight.…
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Offbeat Wall Street

On Wall Street, no one can hear you scream... With Alien: Covenant out in theaters and Russia growing like a xenomorph in Donald Trump's chest, we're wondering what monsters might be gestating in the economy. The last GDP report showed anemic growth in the first quarter. This week, we'll get an update on those statistics. We detail how the numbers look and what to expect. We also preview some housing data due out this week and take a look at some upcoming earnings reports. And as always, we'll harvest some of Wall Street's more exotic organisms... We've got an NBA fan suing over what happened in the first Spurs/Warriors playoff game. We've got InfoWars admitting to some fake news. We've got Facebook facing exile from a country over a picture of a man in a crop-top. We've got Google convincing a judge that it’s not generic. And we've got the official end to an iconic media format.…
This week, with the release of "Guardians of the Galaxy," we're looking at those men and women who guard our financial galaxy. That is, the good people at the Federal Reserve. The Fed held interest rates steady at its last meeting, as expected. But rates are looking to move up in the near future. We'll preview what's in store for monetary policy over the next few months. We'll also reveal the latest jobs data and preview what's coming up on Wall Street, including inflation data and earnings from Disney. Meanwhile, we'll take our usual tour of some out of the way planets in the financial universe. We've got a Google co-founder building a secret airship. We've got a museum dedicated to some of the worst business decisions of all time. We've got a legendary band suing the namesake of its most famous song. And we've got a couple of markets that have gotten out of control lately. Hint: Guacamole might start to get a lot more expensive.…
Last week, we had administrative professionals’ day. This week, we'll get the latest employment data. It's a good time to think about jobs. We'll take a look at the upcoming jobs report. Last month was a real stinker - the worst showing in 10 months. We'll detail the current labor situation headed into the new data. We'll also check in with the Federal Reserve and detail what to expect from the biggest upcoming earnings report, including results from Apple. And as always, we'll check in on some of Wall Street's weirder stories. We've got a company looking to launch a flying car in the next 3 years. We've got record support for legalizing pot. We've got golf balls in hash browns and a liberal dream coming to Canada.…
This week, we're looking at another batch of earnings reports. A large number of companies are set to release their quarterly results. Among the highlights: two of the world's largest car companies. Both Ford and General Motors are set to release their results. We'll preview those reports and take a look at some of the other big names on the docket. We're also driving head-on into some high-profile economic data. We're going to get our first look at how the economy did in the first three months of the year. This is the first GDP report of the Trump years. We'll let you know what to look for from that. And as always, we'll spin out on some of Wall Street's back roads. We've got stories about Eli Manning's jerseys, Subway's Canadian chicken feud and Facebook's plan to let you hear with your skin. We have a new poll that shows what people think about upper-income taxes. And we've got a sign about what Steve Ballmer thinks about government spending.…
The Fate of the Furious is just out and on Wall Street, that's how the earnings reports are going to start coming: fast and furious. We'll look at some of the big reports due out. This includes reports from Goldman Sachs, Bank of America and Netflix. There's also some economic data due out in the next few days. We'll preview some key housing data that set to be released. And we'll do our usual check-in on the Fed and see what the future holds for interest rates. And as always, we race around some of the more out-of-the-way neighborhoods on Wall Street... We've got Lyft getting its own nitrous boost - another $500 million capital injection. We've got Adidas making shoes with 3-D printing. We've got Google explaining how it doesn't underpay women employees. And we've got a couple stories about robots, including Burger King trying to hijack your Google Home device.…
The Fate of the Furious is just out and on Wall Street, that's how the earnings reports are going to start coming: fast and furious. We'll look at some of the big reports due out. This includes reports from Goldman Sachs, Bank of America and Netflix. There's also some economic data due out in the next few days. We'll preview some key housing data that set to be released. And we'll do our usual check-in on the Fed and see what the future holds for interest rates. And as always, we race around some of the more out-of-the-way neighborhoods on Wall Street... We've got Lyft getting its own nitrous boost - another $500 million capital injection. We've got Adidas making shoes with 3-D printing. We've got Google explaining how it doesn't underpay women employees. And we've got a couple stories about robots, including Burger King trying to hijack your Google Home device.…
This week, we're talking retailers... Statistics on monthly retail sales are due out in a few days. We'll preview the report and detail the troubles the retailing sector has seen lately. The number of bankruptcies in the industry continue to mount. We'll put the recent problems in perspective and take a look at some of the new additions to the bankruptcy list. We'll also check in on the Fed. First we'll examine what the Fed's minutes told us about the future of monetary policy. Then, we'll dive into the latest jobs report and look at what that means for both the economy and for interest rates. And as always, we'll try on some of the funkier outfits hanging in Wall Street's closet... We've Uber using psychological tricks to get the most out of its drivers. We've got the IRS turning to private debt collectors. We've got real-life college scholarships for video games. And we've got yet another business for Amazon: showing football games.…
Baseball season is getting underway. Which means it's a time of superstition. It's time to get your garters on, breathe through your eyelids and let the mold grow on your shower shoes. And baseball has a lesson for Wall Street: never mess with a streak. This is a good week for that lesson. The jobs data is set to come out. After two straight months of more than 200,000 jobs added, we'll see whether we can keep the streak alive this time around. We preview the employment report and take a look at what the labor market has looked like lately. And as always, we'll clear the fence at some of Wall Street's more out of the way ballparks... This week we've got some stories about the Trump Administration. Toronto school kids aren't coming to America anymore, thanks to the threat of a travel ban. And the Treasury Secretary is in trouble for a movie recommendation. We've got a couple of tough overseas stories about Coca-Cola. There's human waste discovered in a shipment in Ireland, and a Nigerian judge calls Coke products "poisonous." And we've got more stories of a real-life Borg takeover. Elon Musk, for one, thinks resistance is futile.…
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Offbeat Wall Street

Last week was marked by breakups and family quarrels. We had the U.K. taking steps to enact Brexit - signing the divorce papers as it were. And we had the drama on Capitol Hill. Despite controlling both houses of Congress and the White House, the Republicans weren't able to get their Obamacare replacement smoothly through the House. We take a look at both Brexit and the failed health care bill. We also look ahead to some economic statistics due out this week, including a last look at the economic legacy of the Obama Administration. Lastly, we take our usual tour of out-of-the-way spots on Wall Street. It's a theme week this week. Inspired by the discord in both Europe and in Washington, we run out a list of the strangest lawsuits we have seen recently. We've got lawsuits about alleged fake chicken. Lawsuits about golf balls. Lawsuits about drinkable sunscreen. We've got a case involving the look of cheerleader uniforms that reached the U.S. Supreme Court. And we have an overtime dispute that turned on the absence of a comma.…
This week, we're taking a break from our normal format to bring you an episode we first broadcast in the middle of last year. Usually, we take a look at what's going on in the markets and look ahead at what to expect in the near future. This week, we're going to look back - way back. Last year marked the 40th anniversery of the founding of Apple Computer. We're going to take a little time to tell that story - 7 minutes to be precise. We'll look at how Steve Jobs went from being a wunderkind to the greatest icon in the history of tech to a guy universally acknowledged as one of the biggest jerks in modern business history. And of course, eventually back again to icon. But today, we're just telling the first part of the story.…
This week, like Caesar, we're contemplating the Ides of March. That's this coming Wednesday. That's also the day the Fed announces its next interest rate decision. Traders are almost completely convinced that the Fed is going to announce another rate hike. We take a look at what is fueling that certainty. We also check in on Friday's big jobs report. The numbers came in better than expected. We go a little deeper and detail what's going on in the labor market. We've also got driverless luxury from Volkswagen that the Lady's Man would enjoy. We've got a new product from Yahoo that seems like it’s just automated nagging. We've got Ford printing out car parts and Subway maybe printing out chicken. And we've got a new player in venture capital - there's some dirt on his shoulder, can you brush it off for him...…
Logan is in theaters now. As a result, we've decided to pay homage to serious-minded X-men warriors. So we're looking at some of the superheroes of finance: economists and monetary policy makers... This week will see the release of the government's monthly employment data. We're coming off a big report for January. The data will show if the economy was able to follow up with more big job gains in February. The report will also be important in predicting how the next interest rate decision is going to go. The Fed is set to make an announcement in a couple weeks and the signs have changed direction over the past month or so. We let you know how things are looking now and what the chances are for a rate hike in the near future. And as always, we investigate some of the more heavily mutated genes on Wall Street's chromosomes. We've got some guy at Amazon shutting down a big part of the Internet with a whoopsy typo. We've got the return of female . We'll tell you the best place to live to lead a really long life, at least if you can make it to 2030. And we'll give a few more arguments in the ongoing debate about what to do in a world about to be run by robots.…
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Offbeat Wall Street

As Wall Street takes a long President's Day weekend to contemplate what Washington and Lincoln might have thought of Trump, we preview housing data and big earnings from the retail sector. We also take our usual tour of weirder business stories. This week, it's news that Playboy is going to publish nude photos. The newest American Girl is a boy. Hooter's is covering up while Burger King gives out sex toys. And an Uber might cause the next tension in your marriage.…
Valentine's Day is on the way. And just in time for the big day, we got the release of the sequel to 50 Shades of Grey. With that in mind, we're hoping that Wall Street isn't in for some tough love this week. There's a lot of economic news set to come out. Also, a number of big companies still have to release their quarterly results. On the economic front, retail sales data will lead the way. We'll let you konw what to expect from the latest from those statistics. We'll also check in with an iconic retailer that continues to suffer in new environment. We've also got Tom Brady's missing jersey. We've got Donald Trump getting between Steph Curry and his most prominent endorser. We've got a Cheeto priced at nearly $100,000. And we've got another game that robots are officially better than people at playing: poker.…
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Offbeat Wall Street

Two reasons we think Wall Street is like The Lion King this week: 1) America is still getting used to a new leader of its pride, and 2) Disney is going to be one of the main draws for the next round of earnings reports. We leave the Scar/Trump comparisons to you, but we look at Disney's earnings in some detail in this week's episode. We also give another long view on the Fed following last week's (predictably boring) interest rate meeting. We also dive into the (decidedly not boring) jobs report that came out on Friday. Finally, as always, we'll roam some of the less traveled savannas on the Wall Street Pridelands. We've got corporate espionage involving self-driving cars. We've got a Shark Tank product that doesn't work as well as its company said. And we've got a Starbucks product that's working too well, leading to long lines and sluggish earnings.…
This week, we should be talking about the Federal Reserve. After all, policy makers are meeting to make their next interest rate decision. Except this time around, there's little doubt about what the Fed is going to do. Rates are widely expected to hold steady. But we talk about the Fed anyway, looking ahead beyond this meeting to what might be in store later in the year. This week's Fed meeting might be a sure thing, but that's not the case with the jobs report due out on Friday. We review the state of the labor market. And as always, we'll hitch a ride with some of the stranger drivers on Wall Street's highway. We've got Lyft expanding, Uber apologizing and sea lice affecting the price of salmon. We've also got cows eating skittles and one big-name company looking to make the Super Bowl a national holiday.…
This episode, we're turning our attention to Hollywood! Oscar nominations are set to come out on Tuesday. We take a look at who the front runners are for the major categories. We've got a busy week on Wall Street as well. Earnings season is getting into high gear. Microsoft and AT&T lead a crowded field of earnings reports. We preview their results and take a look at who else is on tap. We've also got flying cars, robot deliveries and lawsuits involving SpongeBob. Meanwhile, the Greatest Show On Earth is shutting down after almost a century and a half in business.…
It's going to be a good week for civics lessons. We start off with a holiday for Martin Luther King day. And end up with the inauguration of a new president. In this episode, we take a look at what Wall Street is expecting from the new administration. We also contemplate the possible complications that might come up with a president who is both pro-business and anti-trade. We also look at some recent big-name earnings reports, and preview some possible headline-grabbers due out this week. And as always, we'll puruse some of the less-cited articles of Wall Street's constitution.... We've got delayed tax refunds, accidental Nazi footprints and new pieces for Monopoly. Apple is apparently jealous of Amazon and Cadillac might be jealous of Apple. And we've got the perfect job for soon-to-be-former president Barack Obama.…
Christmas is over, but we've still got shopping on the brain. Last week, we got more evidence that the industry continues to change. Two of the biggest names in retailing announced some tough news. Sears and Macy's both revealed that they were closing stores and cutting jobs. Meanwhile, this week will see the release of the latest monthly stats on retail sales. The report will reveal how the holiday season turned out. We'll preview the report and take a look at the state of the industry right now. And as always, we browse through some of the more out-of-the-way racks on Wall Street. We've got trips to black holes, brave social experients and a sports team who is really very sorry that they sucked so much last year. And we tell you about a pillow maker that got in trouble because its pillows are really half as expensive as you think they are.…
The new year is here and we're going to keep the party going for at least another week. The government is scheduled to release its monthly jobs report this week. We take a look at what to expect. We also go in depth into one of the mysteries of the last several years: how come the unemployment rate keeps falling even though job growth has been decidedly ho-hum? And as always, we'll boogie our way through some of the more out-of-the-way discos on Wall Street. This week, we've got stories about how Amazon is turning the world into Blade Runner. We've got robots who might sit with you and help you sort your magazines. And we've got communist bureaucrats who can't afford yachts like we were expecting them to.…
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Offbeat Wall Street

This week we're talking Star Wars. And the Fed. Rogue One is in theaters, and in the halls of the central bank, another force awakened: the Fed's rate-hike mojo is back. We give you the details of the rate hike and look ahead to what's next for interest rates. We also preview what's coming up this week. And as always, we take our tour of out-of-the-way spots on Wall Street. A controversial advertiser is returning to the Super Bowl. Super Mario is getting a new home in Tokyo... And SeaWorld is coming to the Middle East. But their not bringing their killer whales.…
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Offbeat Wall Street

This week, we're traveling from Europe to the U.S., taking a tour of monetary policy. The Fed is set to announce its interest rate decision this week. At this point, a rate hike is almost a foregone conclusion. But we take a look at what's in store down the road for interest rates. We also look back at last week's monetary policy decision out of Europe. The European Central Bank surprised markets with an extended easy money plan. And as always, we travel to some of the more out of the way spots on Wall Street. We try to broker a wrestling match between the future first daughter of the country and the current first daughter of the WWE. We look at the ways a student athlete is NOT like an employee, at least in the opinion of a federal court. We also look at Amazon's plan to sell produce without checkout lines. And we celebrate Hanukkah with some donut whoppers from Burger King.…
This week, we focus on oil and jobs. But then we lose focus and talk about cord-cutting, an uber for laundry and pizza delivering reindeer. The serios stuff first: For the first time in about 8 years, OPEC has reached a deal to cut production. The move pushed oil prices up last week. We take a look at some of the details of the move. Meanwhile, the government released its latest jobs report. The numbers were pretty ho-hum, but strong enough to keep the door open to a Federal Reserve rate hike later this month. We dig into the employment stats and look at what they mean for interest rates. We also check in with the Fed. They released their latest econ overview last week. We've got details on that and take a look beyond the next Fed meeting.…
This week, we're here to make Offbeat Wall Street great again! Donald Trump has pulled off the greatest political upset in at least the last 50 years. In honor of his upset, we're going to look at how markets typically respond to election results. No surprise: they're response to Trump's victory was not what usually happens. We'll take a look at how they responded and why that was strange. We also look at some other landmarks so far in November.…
This year's World Series has two teams that have not won a championship in decades. Between the Cubs and the Indians there is 176 years of collective futility. One of those streaks is coming to an end. The Federal Reserve has been holding rate steady for a long time. Not as long as the Cubs and Indians have been waiting for a Series title - but it's been a while. The Fed is meeting this week. Pressure has been mounting for the central bank to raise rates. It's not likely to happen this week, but an increase is likely relatively soon. We take a look at where the Fed stands and when that rate hike is likely. We also check in with the election, with earnings season and with the economy.…
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Offbeat Wall Street

Halloween is on its way and Wall Street has been nervous. There's been a lot for investors to digest. Earnings season continues to roll on and in this episode, we update you on some of last week's headline makers. We also look ahead to this week, when the likes of Apple and Google are set to release their results. Meanwhile, the Federal Reserve remains in view. There's little chance the Fed is going to raise interest rates ahead of the presidential election. But the odds remain high that a rate hike is on the way in December. We'll peak in on the latest from the Fed and see what to expect on that front. And of course, the presidential campaign is coming into its final stretch. There hasn't been much of direct impact on the market. But the possiblity of a messy election is hanging over Wall Street. Also, there's now doubts about how the Congressional elections are likely to turn out, adding to the uncertainty.…
We now live in a world where Bob Dylan is a Nobel Prize winner for literature. Of course, Dylan isfamous for his changing phases. He went from folky to rock icon to Christian soldier to old crank, with probably dozens of other iterations along the way. That's a bit like the current stock market. For weeks now, we've been worried about interest rates and the state of the economy. The presidential election has loomed over all of this as well. Now, a flood of corporate earnings reports is coming out. Market focus will have to shift from the Federal Reserve to corporate results to the election and then probably back to the Fed in mid-November. We take a look at the twists and turns that are on the horizon, preview some of the interesting upcoming earnings and look further ahead to when the Fed will come back into view.…
Every week, we range north of the Wall, mixing with Wildlings and facing down the Night King. All in an effort to bring you the best information about Wall Street and the financial markets. This week, we're taking a break from our usual format to take a deep dive into darkness: October is the season of scary things. Not least of which is stock market crashes. Two of the most famous crashes in market history took place during October, in 1929 and in 1987. We look at both in detail and see if there are any signs of an impending crash now.…
This week, there's dissention in the family. The Federal Reserve's policy-setting committee met last week. As expected, the Fed voted to hold off on a rate hike. But not everyone was happy. Fed Boss Janet Yellen is facing a rare level of dissention. We take a look at the decision - who's on which side and what it all means for the future of interest rates. We also check in on the housing market, weird patent applications from Apple, how the election might affect Christmas and how people are wasting money on premium gas.…
This week, we're asking the key question: have the financial markets gone through the looking glass? Down is up. Black is white. Bad data is good data. And it's all the Fed's fault. For the past few weeks, the markets have been cheering weak economic data, believing it will force the Federal Reserve to delay rate hikes until later in the year. This week, we find out whether it worked. The Fed is going to announce its interest rate decision on Wednesday. We give you a preview and break down the biggest stories of the past week.…
We're past Labor Day - the kids are back to school. The mornings are going to start having a nip in the air. But on Wall Street the doldrums of summer continue. Luckily, we've got football season to keep us occupied. This episode, we take a look at the evolving business model of daily fantasy sites. We don't ignore the usual Wall Street business, though. We'll take a closer look at the interest rate situation and scrutinize the latest tea leaves from the Fed.…
Labor Day is around the corner...Wall Street's going to take the day off, but we're not. This gave us a perfect opportunity to look at the labor market and how its organized. It's our Norma Rae special! Or maybe better: our State of the Unions address! In this episode, we take a look at how union membership has changed in the past several decades. We also take a look at unions now. And as always, we take our usual tour around Wall Street. We've got an update on interest rates now that Janet Yellen has given her much anticipated Jackson Hole speech. We've got a deep dive into the housing market. And we've got a preview of next week: in keeping with the Labor Day theme, its all jobs data all the time.…
It's time to say goodbye to the Olympics... With the Rio games closing down, we thought it would be fun to look back to the first modern olympics in 1896. It was a simplier time. There were no TV cameras. No staged robberies. And Bob Costas was just entering middle age, tired of his gig as a columnist for bare-knuckle prize fighting and looking for a new challenge. We also take our usual tour around Wall Street. We look at the Fed and the prospects of a rate hike in the near future. We look back at some of the big retail earnings rivalries of the past week. And we look ahead to this week's big reports on housing and the manufacturing sector.…
This week, we've got the Olympics on our mind. The U.S. is dominating the games. NBC - not so much. The network's coverage of the games has been widely criticized. We'll take a closer look at how well NBC is really doing and whether there's anything they can do, given the current media culture. We also take our usual tour around Wall Street. The consumer was in focus on Wall Street last week, with retail sales and a bunch of earnings reports from major retailers. This continues this week, with industry big dog Wal-Mart leading the way. And we check in on the Fed, looking at when a rate hike is likely to happen.…
This week, we're thinking about gender...and ghosts of the past. The new Ghostbusters movie came out a few weeks ago. The remake has become controversial, mostly due to the harsh reaction fans of the original movie had to the female cast. Meanwhile, around the same time as the movie's release, Hillary Clinton became the first woman nominated for president by a major political party in the U.S. In this episode, we look at how far gender equality has come since Clinton began her career more than 40 years ago. We also take our usual tour of Wall Street. We take a closer look at the new jobs data released last week. We also take a look at the steps central banks around the world are taking to head off a slowdown. We also check in on the Fed, who would love to start raising rates...if only the economy would let them. We also take a look at what's on the docket for this week.…
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