Episode Details

Introduction

LIVE from an empty shipping container used by Vanguard to hold its votes against AGAINST management, it’s a Business Pants Friday Show here on October 4th, featuring a very lonely AnalystHole Matt Moscardi. On today’s weekly wrap up: Dockworkers strike and unstrike, the UK is now powered entirely by crumpets, the Texas Stock Exchange announces white people, and parrots finally fight back..

The Friday Show is being sponsored by Free Float Analytics, the only platform measuring board power, connections, and performance for FREE.

Story of the Week (DR):

‘We were illegal immigrants’: Elon Musk’s brother Kimbal admits in resurfaced video

The decade-old footage from an interview at the Milken Institute Global Conference reveals that the Musk brothers were once illegal immigrants in the US. During the interview, Kimbal Musk admits they illegally moved from South Africa to Canada and then to the United States.

Elon Musk said “it’s a gray area” as Kimbal says they were illegal immigrants

45,000 dockworkers are on strike. Here’s how global companies are responding

At 12:01am Tuesday until..Friday morning!

Port strike ends as workers agree to tentative deal on wages and contract extension

The tentative agreement would bring the hourly wage for a top dockworker to $63 per hour at the end of the new contract, up from $39 per hour under the expired contract.

A Southwest Airlines director bought $100 million in stock to fight activist investor Elliott

Most interesting defense against activist I’ve ever seen - buy the stock!

Rakesh Gangwal bought about 0.5% of the stock and demanded no more changes to management

Gangwal was put on the board as a response to Elliot’s stake in July, and is part of a series of additions with Robert Fornaro, ex CEO of Spirit Airlines (who is now near bankruptcy) and Roy Blunt (the senator who voted for school prayer, does not believe in climate change, voted against background checks for gun purchases, voted to ban same sex marriage and gay adoption

Goodliest of the Week (MM, pretending to be AB):

EVgo gets $1.05B loan to build 7,500 DC fast chargers

EVgo said the charger build-out will be concentrated in Arizona, California, Florida, Georgia, Illinois, New York, New Jersey, Michigan, Pennsylvania, and Texas and should be completed by 2030.

The U.K. just closed its last coal power plant

The country’s last coal power plant, built in 1967, shut down on September 30. Renewable energy—including thousands of massive wind turbines—now makes up around half of the U.K.’s power generation.

Boomer women are pouring into the stock market—making up for lost time and wealth

23% increase in one year, 71% of boomer women now invest up from 60% a year ago

Partially due to death of male spouses