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cover of episode SpaceX's Civilian Spacewalk & Peloton Back From the Dead?

SpaceX's Civilian Spacewalk & Peloton Back From the Dead?

2024/8/23
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The upcoming speech by Fed Chair Jerome Powell at Jackson Hole is highly anticipated, as it could signal a shift in interest rate policy. Investors are eager to understand the Fed's approach to lowering rates, given the improving inflation situation and signs of weakness in the job market. The tone and specifics of Powell's speech will be crucial for the stock market, as current highs are partly based on the expectation of rate cuts.
  • Powell's speech at Jackson Hole is a key economic event.
  • The Fed's focus has shifted from taming inflation to preventing unemployment.
  • Investors are looking for clues on the pace and extent of interest rate cuts.
  • The stock market's reaction to Powell's speech is expected to be significant.

Shownotes Transcript

Episode 394: Neal and Toby preview the annual economist meeting set to take place in Jackson Hole this weekend while everyone is waiting on Fed Chair Jerome Powell to paint a clearer picture of rate cuts. Then, SpaceX is set to launch its most ambitious mission yet: a spacewalk by a privatized civilian crew. Next, Peloton has seemed to shift gears and reports positive earnings that could save the company. Meanwhile, Sonos is struggling to save its reputation with a debacle app update that has soured many of its loyal customers. Also, the National Women’s Soccer League is doing away with its draft, the first of its kind to do so in the US. Lastly, Chick-Fil-A wants to fry up some original content with plans of its own streaming service. 

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00:00 - Intro

02:40 - Previewing Jerome Powell's Speech 

07:45 - SpaceX Mission

12:00 - NWSL Kicks the Draft

17:40 - Stock of the week: Peloton

21:45 - Dog of the week: Sonos

24:30 - Chick-Fil-A Streaming Service 

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