Episode

Jon Talks Stocks and Ukraine
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1:04:18
Published: Thu Mar 03 2022
Description

We’re back on Apple TV+ with brand-new episode “The Problem With Stocks,” and we’re celebrating on the podcast the only way we know how—by interviewing former SEC commissioner Rob Jackson. (We’re bad at celebrating.) We get his thoughts on why the market isn’t held accountable and is less regulated than casinos. Robby Slowik and Rob Christensen join Jon to give their thoughts on the Russian invasion of Ukraine and how Ukrainian president Volodymyr Zelenskyy went from comedian to courageous leader. Not to mention their recommendations for the cleanest restrooms in New York City.Words in this episode you may not know but should know:Arbitrage is exploiting a price difference of the same asset. It’s like buying avocados at the supermarket for $1 each and selling them at the hipster farmers market for double.Dark pools are private exchanges for trading securities that are not accessible by the investing public.Options trading is buying and selling of options, which are essentially contracts that give you the right to buy or sell a stock at a certain price by a certain date. It’s basically betting on a stock price going up or down. So if you purchase an option instead of buying a stock, it means that you are buying the option to buy a stock if it hits a certain price. This can lead to issues, because if your bet fails, you’ve lost all that you’ve invested. Whereas if you bought actual stocks, regardless of the price, you still own that asset.Payment for order flow (PFOF) is when brokerages such as Robinhood route the buy and sell orders of retail investors to big market makers such as Citadel and Virtu instead of sending it directly to the stock market. This deal helps brokerages make hundreds of millions of dollars every year.Retail investors are individual, nonprofessional investors who are buying assets with their own money.Securities are any tradable financial asset: stock share (equities), bonds, investment funds, pensions, etc.The Securities and Exchange Commission (SEC) oversees securities exchanges, brokers, investment advisors, and mutual funds to create fair dealings, disclose important market information, and prevent fraud.Bildungsroman isn’t relevant to our episode, but do you remember that from English class? You need to know it. Please google it.For more words and definitions, visit https://theproblem.link/glossary To watch our stocks episode, visit https://theproblem.link/AppleTVWe want to hear from you! What did you think of our Stock Market episode? Have a question, comment, or criticism? Call our hotline: 212-634-7222CREDITSHosted by: Jon StewartFeaturing, in order of appearance: Rob Christensen, Robby Slowik, Rob Jackson, Alexa LoftusExecutive Produced by Jon Stewart, Brinda Adhikari, James Dixon, Chris McShane, and Richard Plepler.Lead Producer: Sophie EricksonProducers: Caity Gray, Robby SlowikAssoc. Producer: Andrea BetanzosSound Designer & Audio Engineer: Miguel Carrascal Senior Digital Producer: Kwame OpamDigital Coordinator: Norma HernandezSupervising Producer: Lorrie BaranekHead Writer: Kris AcimovicElements: Kenneth Hull, Daniella PhilipsonTalent: Brittany Mehmedovic, Haley DenzakResearch: Susan Helvenston, Andy Crystal, Anne Bennett, Deniz Çam, Harjyot Ron SinghTheme Music by: Gary Clark Jr.The Problem with Jon Stewart podcast is an Apple TV+ podcast, produced by Busboy Productionshttps://apple.co/-JonStewart

Chapters
Jon Stewart and his writers talk about technical difficulties with Jon's computer, some playful banter about porn downloading, and their show returning to television.
00:00 - 01:02 (01:02)
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Podcast
Summary

Jon Stewart and his writers talk about technical difficulties with Jon's computer, some playful banter about porn downloading, and their show returning to television.

Episode
Jon Talks Stocks and Ukraine
Podcast
The Problem With Jon Stewart
In this podcast, the hosts discuss the hygiene of Subway and Starbucks bathrooms, and also cover the new Apple TV Plus show about Wall Street, featuring an interview with SEC chairman Gary Gensler.
01:02 - 05:53 (04:50)
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Wall Street
Summary

In this podcast, the hosts discuss the hygiene of Subway and Starbucks bathrooms, and also cover the new Apple TV Plus show about Wall Street, featuring an interview with SEC chairman Gary Gensler.

Episode
Jon Talks Stocks and Ukraine
Podcast
The Problem With Jon Stewart
A comedian shares his perspective on watching Ukrainian President Zelensky communicate on a human level during a crisis, highlighting the ability for comedians to provide redemption for the profession through poignant moments.
05:53 - 12:36 (06:42)
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Comedy, Politics
Summary

A comedian shares his perspective on watching Ukrainian President Zelensky communicate on a human level during a crisis, highlighting the ability for comedians to provide redemption for the profession through poignant moments.

Episode
Jon Talks Stocks and Ukraine
Podcast
The Problem With Jon Stewart
Trevor Noah talks about adapting The Daily Show to the pandemic, the state of politics today, and how he finds humor in the darkest of times.
12:36 - 21:47 (09:11)
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Trevor Noah
Summary

Trevor Noah talks about adapting The Daily Show to the pandemic, the state of politics today, and how he finds humor in the darkest of times.

Episode
Jon Talks Stocks and Ukraine
Podcast
The Problem With Jon Stewart
The SEC has been defanged since the 2008 financial crisis, making it difficult to regulate business practices and investments.
21:47 - 29:08 (07:21)
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SEC
Summary

The SEC has been defanged since the 2008 financial crisis, making it difficult to regulate business practices and investments. Money disbursed by the Chamber of Commerce and Business Roundtable to sway congressional races have neutered the SEC of its power, where members of Congress have decided to not fund the regulatory body to fulfill its duties.

Episode
Jon Talks Stocks and Ukraine
Podcast
The Problem With Jon Stewart
Payment for order flow in the options market is the main source of profit for Robinhood.
29:08 - 34:33 (05:24)
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Robinhood
Summary

Payment for order flow in the options market is the main source of profit for Robinhood. Despite criticisms of the market's broken system, it still works reasonably well for serious investors who are seeking a free market and a libertarian way of approaching investing.

Episode
Jon Talks Stocks and Ukraine
Podcast
The Problem With Jon Stewart
The stock exchanges have a public feed which is available to everyone but there is also a private feed which is more reliable and exclusive.
34:33 - 37:53 (03:20)
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Stock Exchange
Summary

The stock exchanges have a public feed which is available to everyone but there is also a private feed which is more reliable and exclusive. Analogy to Barnes & Noble running the public library.

Episode
Jon Talks Stocks and Ukraine
Podcast
The Problem With Jon Stewart
Despite having tremendous resources and financial journalists, financial news networks only deliver general news about the developments in the market, avoiding difficult journalism and negative news to present a positive outlook to their audience.
37:53 - 42:44 (04:50)
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Financial News
Summary

Despite having tremendous resources and financial journalists, financial news networks only deliver general news about the developments in the market, avoiding difficult journalism and negative news to present a positive outlook to their audience.

Episode
Jon Talks Stocks and Ukraine
Podcast
The Problem With Jon Stewart
The more we give money to big corporations in times of trouble, the more they will continue to act irresponsibly.
42:44 - 48:18 (05:33)
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Economics
Summary

The more we give money to big corporations in times of trouble, the more they will continue to act irresponsibly. Meanwhile, essential workers are being shamed for receiving a mere $600 and being accused of being lazy.

Episode
Jon Talks Stocks and Ukraine
Podcast
The Problem With Jon Stewart
The influence of money in politics is a major issue and until it is addressed, the Securities and Exchange Commission (SEC) may not receive the necessary budget to provide accountability.
48:18 - 53:19 (05:01)
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Securities and Exchange Commission, money in politics
Summary

The influence of money in politics is a major issue and until it is addressed, the Securities and Exchange Commission (SEC) may not receive the necessary budget to provide accountability. However, giving the SEC the resources it needs to do its job is still crucial for the credibility of the SEC and the markets.

Episode
Jon Talks Stocks and Ukraine
Podcast
The Problem With Jon Stewart
The speaker discusses the idea of trading stocks and its correlation with the SEC.
53:19 - 57:13 (03:53)
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Stocks
Summary

The speaker discusses the idea of trading stocks and its correlation with the SEC. Furthermore, he talks about how individuals who are in power can trade stocks, but still seem to be forgiven by the SEC.

Episode
Jon Talks Stocks and Ukraine
Podcast
The Problem With Jon Stewart
The podcast discusses the advantages and challenges that high-frequency trading companies face.
57:13 - 1:02:38 (05:24)
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High-Frequency Trading
Summary

The podcast discusses the advantages and challenges that high-frequency trading companies face. They have the capability to trade in microseconds, but they also face competition from larger, better financed organizations that can be more agile.

Episode
Jon Talks Stocks and Ukraine
Podcast
The Problem With Jon Stewart
This podcast episode covers everything you need to know for the perfect couch nap, the discovery of an ancient porta-potty in Sicily, and ends with goodbyes and promotion of their newsletter and TV show.
1:02:38 - 1:03:57 (01:19)
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Entertainment
Summary

This podcast episode covers everything you need to know for the perfect couch nap, the discovery of an ancient porta-potty in Sicily, and ends with goodbyes and promotion of their newsletter and TV show.

Episode
Jon Talks Stocks and Ukraine
Podcast
The Problem With Jon Stewart