GameStop’s latest quarterly report did little to answer Wall Street’s--and Reddit’s--concerns about the company’s turnaround plan and sky-high stock price. Ben Mezrich, author of “The Anti-Social Network,” joined to discuss his book about the Gamestop saga and how it continues to shake up Wall Street. Lululemon shares hit a fresh, all-time high after the retailer blew past Wall Street’s expectations in its latest fiscal quarter. Famous for its women’s leggings and “ABC” jogger pants for men (Joe’s & Andrew’s favorite), Lululemon sales have outperformed other retailers during the Covid pandemic. Calvin McDonald, CEO of Lululemon, discusses the company’s Q2 results, employee pay, and what’s next for the brand. Ukraine is the latest country to legalize bitcoin, a sign the currency could be here to stay. United Airlines’ employees who are granted exemptions to a company vaccine mandate for religious reasons will be put on temporary unpaid leave starting next month, citing the recent rise in Covid cases. Plus, day one of the blockbuster Theranos trial is complete as prosecutors called Holmes a liar and a cheat during opening statements.
In this episode:
Ben Mezrich, @benmezrich
Calvin McDonald, @calvinmcdonald
Becky Quick, @BeckyQuick
Joe Kernen, @JoeSquawk
Andrew Ross Sorkin, @andrewrsorkin