🥾“Method footwear” — Uggs’ Odyssey ban. Ford’s custom drops. 65%-off IVF startup. +Olivia Rodrigo’s Man-In-Finance

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The Best One Yet 20 min 2 speakers 4 chapters transcribed 2 months ago
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Nick Martell 0:00
This is Nick. This is Jack. It's Tuesday T-Boy, Tuesday, July 28th, and today's spot is the best one yet, and this is a T-Boy. The top three pop business news stories you need to know today. Besties, why are stocks popping to start the week? Well, because everything comes back to oil. Oil prices fell 8% on Monday because the U.S. is pausing strikes on Iran and giving negotiations another shot. So investors are feeling that relief feeling again. We'll see how long this one lasts. In the meantime, Jack, stocks are up. This pod's at all-time highs. We have such a great show today. I mean, three fantastic stories, best we've ever done. Jack, what do we got on the T-Boy? For our first story, Ford Motor is taking inspiration from Nike sneakers, a limited edition Bronco drop.
Nick Martell 0:40
Because pimp your ride, pimp your profits. For our second story, on the movie set for The Odyssey, one thing was banned. Uggs. Besties, the Ugg ban is the marketing opportunity of the year. And our third and final story. For Americans with fertility challenges, IVF is an expensive option. $25,000 easily goes higher than that. But could AI make IVF 65% off? One startup thinks so. But besties, before we hit that wonderful mix of stories. What? What a mix of stories. Love the mix on today's pod, Jack. Congratulations to Olivia Rodrigo. The Grammy-winning Gen Z-er has found love. Yes, she has. But he is not another rock star. He is a finance bro. The lucky man's name is Julian Cronenberg, which sounds like a boutique investment bank.
Nick Martell 1:26
So Jack and I jumped in T-boy style. We snooped his LinkedIn resume for you. This man is an applied math major, a Brown University graduate. He's an Olympic field hockey player, speaks three different languages. He's a former Goldman Sachs banker turned PE associate. At a mid-market buyout fund for all those keeping track. This guy's got managing director potential. Jack, Olivia Rodrigo's next song is going to be like spreadsheet coded after this. She was looking for a man in finance with blue eyes, 6'5". And carried interest. But Nick, Olivia's not the only star looking for that carried interest loophole. A lot of finance bros hooking up with A-listers these days. Lady Gaga is engaged right now to a VC guy.
Nick Martell 2:04
Bad romance, good ROI. Reese Witherspoon is currently dating an iBanker. Her book of the month, it is a banker. Love is patient. Love is kind. Love is a 250 basis point fee. Because behind every Academy Award winner is a debt collateralized commodities equities trading analyst.
Jack Crivici-Kramer 2:21
Jack, what a merger. Let's hit our three stories. 15 years before this song, two boys from the Northeast met in a dorm. They had an idea to cause a cultural storm. It's the best one yet, but the best is the norm. Jack Nick. that's it i don't even think they need to practice 50 that's a fat tip t-boy city on your at list if you know you know because we're ready to go we can't wait no more so just start the show start the show first a quick word from our sponsor
Nick Martell 3:02
For our first story, Uggs just had its best year ever thanks to mugs. Man, Uggs. But Uggs got banned on the set of The Odyssey, and that puts Uggs in a major marketing pickle. Yeah, it is. Exactly one year ago, Jack and I covered the biggest bet in business. At the time, Uggs was pivoting to dudes. To dudes. Historically, 90% of Uggs sales were to women. They were missing half the market out there. So they did a testosterone twist strategy. They hired Post Malone and Tom Brady. Again. Post Malone and his 82 tattoos are now dropping beets and manly Ugg moccasins to a majority male audience. So Uggs was acquired by Decker Corporation 30 years ago, but Uggs were invented 48 years ago by an Australian surfer.
Nick Martell 3:45
And here's the news. Ugg sales to men are now growing twice as fast as they used to. And Uggs drove its parent brand to its first ever $1 billion quarter. And Jack, who did the CEO of Decker give all the credit to in that epic earnings report this week? Muggs. Although technically he didn't say Muggs. No, no, that's our term. You can run with it, Uggs, though. You can run with it.

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