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cover of episode The S&P 500 Enters Correction Territory

The S&P 500 Enters Correction Territory

2025/3/17
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Prof G Markets
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Scott and Ed discuss Southwest Airlines' decision to charge for checked bags, analyzing the impact of activist investor Elliott Management and comparing it to similar business strategies, like Costco's $1.50 hot dog.
  • Southwest Airlines will begin charging for checked bags starting in late May.
  • Elliott Management, an activist investor, pushed for this change after acquiring a 10% stake.
  • The decision is seen as short-term financial engineering at the cost of long-term brand differentiation.
  • Costco's decision to maintain its $1.50 hot dog is cited as a lesson in preserving brand value.

Shownotes Transcript

Scott and Ed open the show by discussing Southwest Airlines' decision to start charging for checked bags, Eric Schmidt’s appointment as CEO of Relativity Space, and the latest developments in Saudi Arabia’s Neom project. They then analyze the ongoing tariff battle, exploring its biggest potential consequences and why Scott believes China could ultimately come out ahead. Finally, they break down the $5 trillion market sell-off, and Ed highlights the key winners and losers from the plunge.

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