March 3, 2022
We’re back on Apple TV+ with brand-new episode “The Problem With Stocks,” and we’re celebrating on the podcast the only way we know how—by interviewing former SEC commissioner Rob Jackson. (We’re bad at celebrating.) We get his thoughts on why the market isn’t held accountable and is less regulated than casinos. Robby Slowik and Rob Christensen join Jon to give their thoughts on the Russian invasion of Ukraine and how Ukrainian president Volodymyr Zelenskyy went from comedian to courageous leader. Not to mention their recommendations for the cleanest restrooms in New York City.
Words in this episode you may not know but should know:
Arbitrage is exploiting a price difference of the same asset. It’s like buying avocados at the supermarket for $1 each and selling them at the hipster farmers market for double.
Dark pools are private exchanges for trading securities that are not accessible by the investing public.
Options trading is buying and selling of options, which are essentially contracts that give you the right to buy or sell a stock at a certain price by a certain date. It’s basically betting on a stock price going up or down. So if you purchase an option instead of buying a stock, it means that you are buying the option to buy a stock if it hits a certain price. This can lead to issues, because if your bet fails, you’ve lost all that you’ve invested. Whereas if you bought actual stocks, regardless of the price, you still own that asset.
Payment for order flow (PFOF) is when brokerages such as Robinhood route the buy and sell orders of retail investors to big market makers such as Citadel and Virtu instead of sending it directly to the stock market. This deal helps brokerages make hundreds of millions of dollars every year.
Retail investors are individual, nonprofessional investors who are buying assets with their own money.
Securities are any tradable financial asset: stock share (equities), bonds, investment funds, pensions, etc.
The Securities and Exchange Commission (SEC) oversees securities exchanges, brokers, investment advisors, and mutual funds to create fair dealings, disclose important market information, and prevent fraud.
Bildungsroman isn’t relevant to our episode, but do you remember that from English class? You need to know it. Please google it.
We want to hear from you! What did you think of our Stock Market episode? Have a question, comment, or criticism? Call our hotline: 212-634-7222
Hosted by: Jon Stewart
Featuring, in order of appearance: Rob Christensen, Robby Slowik, Rob Jackson, Alexa Loftus
Executive Produced by Jon Stewart, Brinda Adhikari, James Dixon, Chris McShane, and Richard Plepler.
Lead Producer: Sophie Erickson
Producers: Caity Gray, Robby Slowik
Assoc. Producer: Andrea Betanzos
Sound Designer & Audio Engineer: Miguel Carrascal
Senior Digital Producer: Kwame Opam
Digital Coordinator: Norma Hernandez
Supervising Producer: Lorrie Baranek
Head Writer: Kris Acimovic
Elements: Kenneth Hull, Daniella Philipson
Talent: Brittany Mehmedovic, Haley Denzak
Research: Susan Helvenston, Andy Crystal, Anne Bennett, Deniz Çam, Harjyot Ron Singh
Theme Music by: Gary Clark Jr.
The Problem with Jon Stewart podcast is an Apple TV+ podcast, produced by Busboy Productions