Episode
Reporter Called Jon Out, So We Called Him Up
1:06:26
Published: Thu Mar 10 2022
Description
Last week’s episode of our Apple TV+ show took on the stock market, GameStop, and the Robinhood app. Spencer Jakab, an editor with The Wall Street Journal, took to Twitter to vent his disagreements with it. So we invited him on the podcast (we’re gluttons for punishment) to talk it out. Jon is also joined by writers Kris Acimovic and Kasaun Wilson to talk about rising gas prices and why comedy clubs are the only landmarks comedians know.What did you think of our episode? Call in your questions or comments to our hotline: 1-212-634-7222.To watch our climate episode, visit https://apple.co/TheProblem-ClimateChangeCREDITSHosted by: Jon StewartFeaturing, in order of appearance: Kris Acimovic, Kasaun Wilson, Spencer JakabExecutive 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 CarrascalSenior 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 Productions.https://apple.co/-JonStewart
Chapters
Jon Stewart marks the 100th episode of his show, "The Problem with Jon Stewart," and jokes about the milestone, making light of the fact that it could also just be their sixth episode.
00:00 - 00:55 (00:55)
Summary
Jon Stewart marks the 100th episode of his show, "The Problem with Jon Stewart," and jokes about the milestone, making light of the fact that it could also just be their sixth episode.
EpisodeReporter Called Jon Out, So We Called Him Up
PodcastThe Problem With Jon Stewart
The rising costs of gas affects many people and is considered one of the most impactful commodities.
00:55 - 04:54 (03:58)
Summary
The rising costs of gas affects many people and is considered one of the most impactful commodities. Gas prices can make a significant difference for consumers, especially as they continue to increase.
EpisodeReporter Called Jon Out, So We Called Him Up
PodcastThe Problem With Jon Stewart
The podcasters discuss the complexities of international relations, including how to discourage countries from going to war and how to address repressive regimes.
04:54 - 08:56 (04:01)
Summary
The podcasters discuss the complexities of international relations, including how to discourage countries from going to war and how to address repressive regimes.
EpisodeReporter Called Jon Out, So We Called Him Up
PodcastThe Problem With Jon Stewart
Spencer, a guest on JRE, criticized the over-simplified explanation of the GameStop stock situation, while acknowledging the accuracy of the first few minutes of the podcast in explaining how Robin Hood works.
08:56 - 14:24 (05:28)
Summary
Spencer, a guest on JRE, criticized the over-simplified explanation of the GameStop stock situation, while acknowledging the accuracy of the first few minutes of the podcast in explaining how Robin Hood works.
EpisodeReporter Called Jon Out, So We Called Him Up
PodcastThe Problem With Jon Stewart
The guests on the podcast discuss conspiracy theories surrounding the Gamestop short squeeze, including accusations that trading platforms like Robinhood removed the buy button and acted like bookies.
14:24 - 18:42 (04:17)
Summary
The guests on the podcast discuss conspiracy theories surrounding the Gamestop short squeeze, including accusations that trading platforms like Robinhood removed the buy button and acted like bookies.
EpisodeReporter Called Jon Out, So We Called Him Up
PodcastThe Problem With Jon Stewart
The debate on whether retail trading is an ethical practice on Wall Street is divided between those who believe it is the least corrupt aspect, and those who believe it enables systemic excesses and doesn't acknowledge the sophistication of the retail investor.
18:42 - 26:25 (07:42)
Summary
The debate on whether retail trading is an ethical practice on Wall Street is divided between those who believe it is the least corrupt aspect, and those who believe it enables systemic excesses and doesn't acknowledge the sophistication of the retail investor. The Ape movement was born to profit from trading and protest against the financial industry due to the consequences following the 2008 financial crisis.
EpisodeReporter Called Jon Out, So We Called Him Up
PodcastThe Problem With Jon Stewart
A discussion on the controversy surrounding the GameStop stock and the intentions behind the actions of those involved.
26:25 - 30:10 (03:45)
Summary
A discussion on the controversy surrounding the GameStop stock and the intentions behind the actions of those involved.
EpisodeReporter Called Jon Out, So We Called Him Up
PodcastThe Problem With Jon Stewart
Investing in index funds and avoiding constant monitoring of stocks can lead to outperforming 80% of hedge fund managers and reducing financial risk as well as concerns over highly speculative investments.
30:10 - 38:40 (08:29)
Summary
Investing in index funds and avoiding constant monitoring of stocks can lead to outperforming 80% of hedge fund managers and reducing financial risk as well as concerns over highly speculative investments.
EpisodeReporter Called Jon Out, So We Called Him Up
PodcastThe Problem With Jon Stewart
Studies have shown that people far from finance, such as teachers, tend to do better in managing their personal accounts.
38:40 - 45:24 (06:44)
Summary
Studies have shown that people far from finance, such as teachers, tend to do better in managing their personal accounts. This podcast discusses the complexity of transactions on Wall Street and the need for transparency to combat corruption.
EpisodeReporter Called Jon Out, So We Called Him Up
PodcastThe Problem With Jon Stewart
The American financial system needs to be reformed to give more access to retail investors, creating a fairer, more transparent and efficient system.
45:24 - 50:54 (05:30)
Summary
The American financial system needs to be reformed to give more access to retail investors, creating a fairer, more transparent and efficient system. Financial and monetary policies in the country need to be changed to provide people with opportunities to save at rates that work for them.
EpisodeReporter Called Jon Out, So We Called Him Up
PodcastThe Problem With Jon Stewart
The attention around the GameStop scandal has been focused on retail investors getting hooked into a scam, but younger short sellers who grew up going to GameStop will also have a significant impact.
50:54 - 1:00:33 (09:38)
Summary
The attention around the GameStop scandal has been focused on retail investors getting hooked into a scam, but younger short sellers who grew up going to GameStop will also have a significant impact. While there is potential for people to get hurt, some young people are passionate about trading and may thrive in the market.
EpisodeReporter Called Jon Out, So We Called Him Up
PodcastThe Problem With Jon Stewart
The discussion revolves around the short sellers betting against the line and how people want to invest in a fair system, without getting into the details of GameStop, Robinhood, Citadel, and apes.
1:00:33 - 1:03:50 (03:16)
Summary
The discussion revolves around the short sellers betting against the line and how people want to invest in a fair system, without getting into the details of GameStop, Robinhood, Citadel, and apes.
EpisodeReporter Called Jon Out, So We Called Him Up
PodcastThe Problem With Jon Stewart
The hosts discuss how the stock market seems to be the only way for regular people to build some sort of wealth, even though the system is designed to be exploitative towards them.
1:03:50 - 1:06:05 (02:14)
Summary
The hosts discuss how the stock market seems to be the only way for regular people to build some sort of wealth, even though the system is designed to be exploitative towards them. They also comment on the fact that critics often judge the 'how' of people fighting against the system, without fully addressing the 'why'.