Greg returns in glorious triumph to celebrate the greatest pick of his life: SNAP.

In the BUSINESSES:

Roberta performs Fibonacci Retracement on NETFLIX, establishing why based on Illuminati hocus pocus it will top out at $341. 

Furthermore, we quantify Steve Ballmer's appalling Wins Above Replacement (WAR), aka Value Over Sock (VOS), thereby juicing Satya Nadella's hall of fame rating and fully contemplating the Ballmer effect in the pre-period.The result may surprise you. 

And we go on rooting for a recession so we can buy triple leveraged ETFs on margin. 

In the MACROECONOMICS:

Bobby Nunez calls the ball, as the FED telegraphs a 25 bps rate cut in service to the lords of Global Finance. We worry still about the bubble in corporate finance and asset prices it portends. 

In the BUSINESSES:

NETFLIX busts on subscriber guidance, reporting domestic net losses for the first time in 8 years and sending shares to damnation. But do we lose heart? And do I sell before Disney+ comes into the world?

MICROSOFT beats on earnings riding the Cloud into the heavens, as Azure reports 64% growth and total revenue growth reaches 12% annualized. 

Furthermore, Satya Nadella bolsters his Wins Above Replacement to +$178B. We explain why. 

WE'RE BACK! 

In the MACROECONOMICS:

Jerome JERRY Powell goes to Washington, and we are now all but convinced that he will cut rates. He may be independent of the president, but he is the servant of Wall Street.

In the BUSINESSES:

DEUTSCHE Bank savages its New York operations, all while its executive team was being fitted for $1,800 suites. Tough look. But it fits into GERMANY's national nightmare. 

IBM closes its acquisition of Red Hat, pretending to now be relevant in the Cloud. This shall fail. 

In the MACROECONOMICS: 

VIETNAM becomes the new backdoor for tariff-less goods from China. 

The Supreme Court rules that trademarks can't be racist. 

In the BUSINESSES:

The Chase Sapphire Reserve, the greatest credit card ever to exist, strains relations with its airline partner United. We dig in to the business rationale for this beautiful gift from the gods.

In the MACROECONOMICS: 

War looms against Iran and refineries burst into flames in Philadelphia. Robert tells us what it means for OIL.

We discuss Jerome "Jerry" Powell's announcement and the implications to James' Corporate debt apocalypse.

The Commerce department bans 5 Chinese companies from buying American semiconductor parts. The Cold War abides.

In the BUSINESSES:

SLACK hits the public markets. Greg talks about the merits of its future. 

James returns! And Robert ghosts. 

In the MACROECONOMICS: 

James gives us an update on OIL, which abounds in the earth right now, and why it might compromise the oil shortage of 2020. 

He also weighs in on commodities and CORN.

And finally, he raises his concerns about Corporate Debt. Should we be nervous in the era of free money?

In the BUSINESSES:

Pet subscription darling, CHEWY, rakes in chips over it's IPO. But as it surges, does it really have anything to offer value investors? I think not.

In a desperate attempt to win back hearts and minds, Bayer pledges to find a substitute for it's poisonous weed killer Roundup, acquired through the disastrous Monsanto merger. 

First up! the PINTEREST CORNER special edition.

Elena stops by to demystify the mysteries of PINTEREST.

In the MACROECONOMICS: 

Robert explains why this year's Corn harvest could be in serious jeopardy. And what's corn in?

We also try to understand why everything we talk about is a crisis, real or imagined. 

In the BUSINESSES:

The Fiat-Chrysler & Renault merger goes up in flames after 10 days of brewing distrust. Praise be. Although, who was excited about it anyway?

The Tech sector took a dump on Monday after ANTITRUST news made the rounds, before rallying by the end of the week. Does this mean the market is as unconcerned as we are?

On this week's episode of Degenerate Business School, now available on iTunes, Spotify & Google:

https://itunes.apple.com/us/podcast/degenerate-business-school/id1450738646

In the MACROECONOMICS: 

The saber rattles harder as CHINA threatens to cut Rare Earth Metal production. Why should we be concerned? As the people of America, for many reasons. As degenerate investors in VALERO, even more so. We explain.

In the BUSINESSES:

MEGA MERGERS never work. Fiat-Chrysler & Renault, two unimpressive vaguely European carmakers agreed to merge. This is destined to fail. But why? And would it have happened under the guidance of Sergio Marchionne, among the highest CEO WARs in recent automotive history. 

AMAZON creeps ALEXA into apartments before ever you knew it, pre-wiring units directly with property managers to enhance its spy-craft capabilities. Business success. Human failure.

And the JUSTICE DEPARTMENT revs up its ANTITRUST engine to bottle up Google. Which begs the question, how should we think about political risk when investing in the cloud?

On this week's episode of Degenerate Business School, now available on iTunes, Spotify & Google:

https://itunes.apple.com/us/podcast/degenerate-business-school/id1450738646

On ADVANCED METRICS CORNER:

James Lin helps us refine our framework for CEO WINS ABOVE REPLACEMENT (WAR), launching the world's most pioneering business metric into the stratosphere. 

In the MACROECONOMICS: 

We return to the great TRADE WAR with China and how it might decrease the possibility of the GREAT OIL CRISIS in 2020.

On the newly created ADVANCED METRICS CORNER:

We evaluate the merits of CEO pay, by pioneering a new business metric inspired by the world of sports. Who is truly irreplaceable, who destroys value and who could be replaced with a sock?

CEO Wins Above Replacement (WAR) establishes a new paradigm for understanding executive performance:

In the BUSINESSES: 

PINTEREST fulfills its destiny and starts its nosedive into oblivion after missing guidance. At last Wall Street has asked what we always have: what is a Pinterest?

After another slew of Roundup settlements, the market cap of BAYER is now lower than the purchase price of Monsanto. Is the ancient German conglomerate under threat of extinction?

AMAZON takes a stake in the European version of Uber Eats & Grubhub, Deliveroo. What is Bezos getting at?