7 Stories We Are Following Today 11-5-25 - Becker Business

Summary4 min read

Becker Business Podcast: "7 Stories We Are Following Today 11-5-25" — Episode Summary
Host: Scott Becker
Date: November 5, 2025
Location: Becker’s Healthcare Conference, Chicago

Episode Overview

In this episode, Scott Becker delivers a brisk rundown of the top business stories shaping the day. Speaking live from the Becker’s Healthcare Conference in Chicago, Becker mixes personal anecdotes about meeting sports legends with sharp insights into the latest market moves, political upsets, and notable corporate developments. The tone is light, direct, and tinged with Becker’s signature humor.

Key Discussion Points & Insights

1. Market Fluctuations

[00:30] Becker opens by highlighting major market volatility.
- Yesterday, the NASDAQ plummeted by over 2%, and the S&P 500 followed with a drop of more than 1%.
- “The markets tanked yesterday. The NASDAQ down more than 2%. The S&P also down more than 1%. Today, bouncing back some early this morning…” (Scott Becker, 00:32)
- Morning trading saw initial further declines, but a recovery appeared underway by the afternoon: “Seems to be moving in the right direction.” (00:55)

2. New York Mayoral Race—A Surprising Result

[01:05] The unexpected win by Zoran Mamdani, a Democratic Socialist, in the New York mayoral race is explored in detail.
- Momdani secured 49% of the vote, with Cuomo (as an independent) at 41% and Curtis Sliwa at about 8%.
- Becker injects humor and skepticism: “It’s probably a good sign that our rents are going down in New York almost immediately and the kids will have free food and free transportation. No, I say that with tongue in cheek.” (01:18)
- He underlines the fascinating split and expresses curiosity: “It’ll be fascinating to see how this evolves, how it moves forward…” (01:38)

3. Pinterest Stock Plummet

[01:55] Pinterest stock dropped sharply:
- “Pinterest is getting crushed today. Early on it was down 20% today. I’m not a Pinterest user, but a little excitement there.” (01:55)

4. Palantir Technologies’ Rough Day

[02:05] Palantir—a stock Becker openly discloses personal investment in—fell by 8% after a strong year.
- “Palantir Technologies, one of the stocks that we’re of course directly invested in, dropped 8% yesterday. It’s been a stock on fire for most of the year. Yesterday was a disaster.” (02:08)

5. Tesla’s Slide

[02:22] Tesla also took a significant hit:
- “Tesla also dropped more than 5% yesterday. We’ll see how Tesla bounces back.” (02:22)

6. AMD’s Earnings Struggles

[02:29] Advanced Micro Devices’ (AMD) stock slid amid challenging earnings news:
- “AMD Advanced Micro also down today and yesterday based on challenging earnings.” (02:29)

7. Cars vs. Boats: Sector Shakeout

[02:37] Becker refers to a recent podcast debate: cars vs. boats (rental car companies vs. cruise lines).
- “We did a podcast yesterday on cars versus boats where cars won. Essentially the gist was Hertz jumped nearly 36, 37% yesterday. Cruise ship operators Carnival Cruise Lines, Norwegian both got crushed yesterday, each down 5 to 10%.” (02:40)
- Key takeaway: Rental car companies soared (notably Hertz), whereas major cruise operators saw sharp drops.

Notable Quotes & Memorable Moments

“It’s probably a good sign that our rents are going down in New York almost immediately and the kids will have free food and free transportation. No, I say that with tongue in cheek.”
— Scott Becker (01:18)
“Palantir Technologies, one of the stocks that we’re of course directly invested in, dropped 8% yesterday. It’s been a stock on fire for most of the year. Yesterday was a disaster.”
— Scott Becker (02:08)
“We did a podcast yesterday on cars versus boats where cars won.”
— Scott Becker (02:37)

Timestamps for Important Segments

00:30 — Markets tank; NASDAQ and S&P movement
01:05 — New York mayoral race analysis
01:55 — Pinterest’s 20% drop
02:05 — Palantir’s 8% decline
02:22 — Tesla’s 5%+ slide
02:29 — AMD’s earnings malaise
02:37 — Cars vs. boats recap: Rental companies up, cruises down

Episode Tone & Closing Thoughts

Becker keeps the discussion lively, interweaving personal encounters (meeting Jack Nicklaus, references to Wayne Gretzky and Caitlin Clark) with sharp, accessible business commentary. He closes by expressing gratitude for listeners and keeping the focus on rapidly evolving business news.

“We are so thankful for our listenership. Thank you very, very much.” (03:10)

In Short:
If you missed the episode, you’re caught up: Wall Street nerves, a political shocker in New York, tech stock swings, and sector shakeouts signal a busy day for anyone watching business and markets. Becker’s mix of news, wit, and personal touch makes for an engaging roundup.

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Transcript1 lines

[00:00]
A
This is Scott Becker with the Becker Private Equity and the Becker Business Podcast. We're thrilled to be joining you live from the Becker's Healthcare Conference in Chicago. Just a little excitement yesterday. Had the chance to meet Jack Nicklaus, the famous golfer. Tomorrow is Wayne Gretzky, the famous hockey player. The other day we had Caitlin Clark. So a lot of fun with sort of those celebrities, but more important, great health system leaders. In any event, here's seven of the stories that we're following today and it's really a busy news in markets day. We'll just try and go through seven quick stories. First, the markets tanked yesterday. The NASDAQ down more than 2%. The S P also down more than 1% today. Bouncing back some early this morning the markets were down again, but bouncing back this afternoon. Let's hope that that's that holds. They won't get all the way back from yesterday, but seems to be moving in the right direction. Second, Zoran Mamdanmi, Socialist candidate for mayor, Democratic Socialist candidate for mayor of New York won the mayoral race in New it's probably a good sign that our rents are going down in New York almost immediately and the kids will have free food and free transportation. No, I say that with a, with tongue in cheek. Fascinating race. He got about 49% of the vote. Cuomo got 41% of the vote running as an independent. And then Curtis sliwa got about 8% of the vote. So it's roughly a split vote between Momdani and, and then Cuomo and Sliwa. But mom Donnie wins. It'll be fascinating to see how this evolves, how it moves forward fencing. Third, Pinterest is getting crushed today. Early on it was down 20% today. I'm not a Pinterest user, but a little excitement there. Fourth, Palantir Technologies, one of the stocks that were of course directly invested in, dropped 8% yesterday. It's been a stock on fire for most of the year. Yesterday was a disaster. Fifth, Tesla also dropped more than 5% yesterday. We'll see how Tesla bounces back. Sixth, AMD Advanced Micro also down today and yesterday based on challenging earnings. Seventh, we did a podcast yesterday on cars versus boats where cars won. Essentially the gist it was Hearst jumped nearly 36, 37% yesterday. Cruise ship operators Carnival Cruise Lines, Norwegian both got crushed yesterday, each down 5 to 10%. So that's what we meant on boats versus cruises or cars versus boats. That was that curse up. Norwegian American and Carnival down. That was what's going on yesterday. Thank you for listening to this version of the Becker Business, the Becker Private Equity Podcast. We are so thankful for our listenership. Thank you very, very much.