Raphael Nam
👤 SpeakerAppearances Over Time
Podcast Appearances
For many households across the country, it's the time of family Christmas traditions.
And for Wall Street, there's nothing more traditional than the Santa Claus rally.
For reasons that have never been really clear, stocks have tended to do well in the last five trading days of the year, as well as the first two sessions of the new year.
And so far, it's been a promising start.
Stocks rose on Wednesday, with the S&P closing at a record high.
It doesn't happen all the time.
Last year, instead of a rally, traders got coal when Santa left behind a market sell-off.
Yes, these are definitely two big companies, especially in the U.S. The CR-V from Honda, for example, is one of the best-selling cars in the country. And Nissan has cars like the Rogue SUV. And the reason why these talks are happening is because of these two transformative changes you just mentioned, Sarah. Let's tackle the first one, the pivot to electric vehicles.
Yes, these are definitely two big companies, especially in the U.S. The CR-V from Honda, for example, is one of the best-selling cars in the country. And Nissan has cars like the Rogue SUV. And the reason why these talks are happening is because of these two transformative changes you just mentioned, Sarah. Let's tackle the first one, the pivot to electric vehicles.
Yes, these are definitely two big companies, especially in the U.S. The CR-V from Honda, for example, is one of the best-selling cars in the country. And Nissan has cars like the Rogue SUV. And the reason why these talks are happening is because of these two transformative changes you just mentioned, Sarah. Let's tackle the first one, the pivot to electric vehicles.
Nissan and Honda have had trouble recognizing producing the kind of buzzy EVs that Tesla or South Korean automakers like Hyundai and Kia have produced. So a combination would make sense. It allows the two companies to pool their expertise and their production together. And the hope is that they will become stronger.
Nissan and Honda have had trouble recognizing producing the kind of buzzy EVs that Tesla or South Korean automakers like Hyundai and Kia have produced. So a combination would make sense. It allows the two companies to pool their expertise and their production together. And the hope is that they will become stronger.
Nissan and Honda have had trouble recognizing producing the kind of buzzy EVs that Tesla or South Korean automakers like Hyundai and Kia have produced. So a combination would make sense. It allows the two companies to pool their expertise and their production together. And the hope is that they will become stronger.
It's why both companies said this week they are exploring a merger and talks have started. Although both Honda and Nissan are well-known, they're not among the very, very top players in the industry. A merger, though, would change that. It would make them the third biggest automaker in the world, behind just Toyota and Volkswagen.
It's why both companies said this week they are exploring a merger and talks have started. Although both Honda and Nissan are well-known, they're not among the very, very top players in the industry. A merger, though, would change that. It would make them the third biggest automaker in the world, behind just Toyota and Volkswagen.
It's why both companies said this week they are exploring a merger and talks have started. Although both Honda and Nissan are well-known, they're not among the very, very top players in the industry. A merger, though, would change that. It would make them the third biggest automaker in the world, behind just Toyota and Volkswagen.
Yes, indeed. It would make them more competitive both in China and outside of China. And it's important because I think for people in the U.S., it's kind of hard to see the threat posed by Chinese automakers like BYD because the U.S. has managed to prevent them from coming in with big tariffs and other restrictions.
Yes, indeed. It would make them more competitive both in China and outside of China. And it's important because I think for people in the U.S., it's kind of hard to see the threat posed by Chinese automakers like BYD because the U.S. has managed to prevent them from coming in with big tariffs and other restrictions.