What do Nike's China challenges mean for other major U.S. multinationals and Dan reacts to news FTX in talks to buy Robinhood
#robinhood #nike #china #stockmarket #crypto #cryptocurrency #bitcoin #trading #tradingstrategy #markets #stocks
#robinhood #nike #china #stockmarket #crypto #cryptocurrency #bitcoin #trading #tradingstrategy #markets #stocks
Category
🗞
NewsTranscript
00:00 >> You said the lender of last resort looks more like the
00:02 island of like misfit crypto toys or something like that I
00:05 mean like when you think about it and when he says that he's
00:07 really impressed with that business, I mean obviously he's
00:09 built a very good business. He's taken that personal
00:12 stake in Robin I don't know what's so great about that
00:14 business they had I mean guys to say the hair right is that
00:17 we say the hair but they had that hyper growth and then they
00:19 literally last year during the biggest retail frenzy that's
00:23 ever existed in the stock market they were trading doge
00:25 coin like for you know, I mean like that was how they made
00:28 money so to me I don't find it particularly interesting. I
00:30 don't know why he could replicate that if you wanted to
00:33 do stock trading or stock trading really kids call today.
00:36 Yeah, I think that's going to continue to be a story here I
00:40 think there's going to be pockets of you know some of
00:42 these this is situations that kind of ease to say that Sarah
00:46 mentioned, you know that China is down 19% year over year and
00:49 she also mentioned that there was kind of a nationalistic
00:51 pushback a little bit and I think that's something that we
00:54 might start to see increasingly so you might see with an Apple
00:57 you know like this. Yeah, and Starbucks so so there's a lot
01:00 of us multinationals that I think you know are not out of
01:02 the woods and I don't think they have a lot of clarity
01:04 because they don't have situation in Europe or the
01:06 situation in Asia that looks anywhere like it did in 2019