42 pounds. That’s how much cheese the average American downed last year — an all-time record and up more than double from 1975. That’s some incurdible lactose tolerance.
The Dow nabbed a fresh high as traders kept upping their bets on the odds of a jumbo rate cut at the Fed’s meeting tomorrow. Most have been betting on a cut of 50 basis points, versus 25. |
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Put a finger down… if you’re embroiled in a court case over your existence. TikTok headed to federal court yesterday to appeal its looming US ban (signed into law in April). If ByteDance doesn’t sell its controlling stake in TikTok by mid-January, the app will be blocked from US devices. The case — expected to reach the Supreme Court — is the biggest existential threat yet to the app, which has 170M+ users in the States.
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- Duet: TikTok has argued that the ban is unconstitutional, while the US gov’t insists that TikTok’s Chinese ownership is a national-security risk (though much of the evidence is classified).
- Comments: TikTok says a January sale isn’t possible given that China’s refused to export the app’s algorithm. TikTok’s spent $2B placing American data on Oracle’s US servers, but the Biden admin said it’s not enough to prevent China from directing TikTok’s US business.
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Shifted: Americans’ support for the ban fell from 50% in March 2023 to 32% last month, while the share of those who oppose the ban has jumped from 22% to 28%.
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FYPrecendent… This is the furthest a US Tik-ban effort has gotten, but it’s far from the first push. Montana banned the app last year, but a federal judge overturned that on First Amendment grounds. The same fate hit then-President Trump’s attempt to block TikTok through an executive order in 2020. Still, the US banned the For You Page from gov’t-issued devices last year. India scrapped TikTok in 2020, leading the app’s 200M users in the country to switch to rivals like Meta’s Reels and YouTube’s Shorts.
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TikTok’s an economy unto itself… and not just a creator economy. If courts decide TikTok is done for, retailers and other corporations that’ve grown reliant on TikTok for marketing could take a hit (see: some of the biggest Tikstocks). Meantime, social rivals like Meta, YouTube, and Snap would get a big boost if Americans had to look elsewhere for their TikTok fix.
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Mode Mobile saw 32,481% revenue growth in 3 years with this smartphone innovation |
📲 Apple just unveiled the iPhone 16, with prices climbing up to $1,599… but investors interested in smartphone innovation might see a different opportunity on the horizon. Enter Mode Mobile: the company aiming to transform smartphones from a costly gadget into an income-generating asset.
🏅 Mode saw 32,481% revenue growth from 2019 to 2022, ranking #1 in software on Deloitte’s 2023 500 fastest-growing companies list. "EarnPhone," a budget smartphone, has helped 45M+ consumers earn and save $325M+ for listening to music, playing games, and even charging their devices.
🫴 27,000+ people have already invested in Mode’s Pre-IPO offering.1 Snacks subscribers can get up to 100% bonus stock2 on an investment in Mode — claim this exclusive bonus while you can.3 |
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Mode Mobile saw 32,481% revenue growth in 3 years with this smartphone innovation |
📲 Apple just unveiled the iPhone 16, with prices climbing up to $1,599… but investors interested in smartphone innovation might see a different opportunity on the horizon. Enter Mode Mobile: the company aiming to transform smartphones from a costly gadget into an income-generating asset.
🏅 Mode saw 32,481% revenue growth from 2019 to 2022, ranking #1 in software on Deloitte’s 2023 500 fastest-growing companies list. "EarnPhone," a budget smartphone, has helped 45M+ consumers earn and save $325M+ for listening to music, playing games, and even charging their devices.
🫴 27,000+ people have already invested in Mode’s Pre-IPO offering.1 Snacks subscribers can get up to 100% bonus stock2 on an investment in Mode — claim this exclusive bonus while you can.3 |
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Missing the TV Guide days… Spectrum parent Charter Communications is the largest US pay-TV company, but it lost nearly 400K subscribers last quarter as folks keep ditching cable for streaming. Now Charter’s dishing out some updates to entice subscribers. Yesterday the internet and TV giant announced “Life Unlimited.” It sounds like a dystopian longevity hack but is actually a perk-filled marketing play aimed at retaining subs. Some highlights:
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- “I have to call Spectrum”: Charter wants to make that less dread-inducing. It said it’ll give Spectrum subscribers automatic payment credits for poor customer service or internet outages longer than two hours.
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Bundle up for savings: Spectrum said it’ll offer a basic internet plan for as low as $30/month and boost baseline web-surfing speed at no extra cost.
- Stream team: Charter’s new deal with Warner Bros. Discovery will give most of its cable subscribers access to Max and Discovery+ at no extra charge.
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Broadband breakdown… 5M+ subscribers left the pay-TV ecosystem last year, opting for streaming services instead. Both Spectrum and Comcast-owned rival Xfinity have hiked internet plan prices this year to help make up for cable cord-cutting (cue: angry Reddit rants). Now, to curb unsubscribes, providers are racing to bulk up their internet and cable bundles and offer top content. After a nearly two-week blackout, DirectTV on Saturday reached a deal with Disney to bring back ESPN, ABC, and other Disney networks.
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Paying for essentials isn’t fun… Signing up for cable and internet can be a pricey headache, but Spectrum’s trying to reset its reputation with perks like streaming and payment credits. Traditional TV and internet providers may have to keep piling on the perks to compete in a crowded market: Verizon and AT&T are starting to eat up market share, and streaming’s still devouring cable’s cake. |
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We explore the supermarket scenes in New York, Chicago, and LA. Read more. |
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One of the biggest disruptions to smartphones in 15 years 🤳 |
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One of the biggest disruptions to smartphones in 15 years 🤳 |
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- Apple stock fell after the iPhone 16’s short ship times and low preorder site traffic suggested weak demand for the AI smartphones.
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United Airlines is teaming up with SpaceX’s Starlink to offer fliers free Wi-Fi (Hawaiian Airlines has also linked up with the satellites).
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Boeing froze hiring and said it’d consider furloughing employees as 30K factory workers continued to strike.
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Kalshi halted its US election-betting markets after a court gave regulators another shot to make their case against it.
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Target said it’ll hire 100K holiday workers and keep up its discount push with affordable stocking stuffers.
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Fed meeting begins
- National Voter Registration Day
- Industrial production and retail sales data for August
- Home builder confidence index
- Earnings expected from Ferguson
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Authors of this Snacks own shares of: Alphabet, Apple, Comcast, Disney, Reddit, Snap, and Warner Bros. Discovery |
Advertiser's disclosures:
1 Mode Mobile currently has no formal plans for an IPO.
2 A minimum investment of $1,950 is required to receive bonus shares. 100% bonus shares are offered on investments of $9,950+. 3 Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering.
Past performance is no guarantee of future results. Start-up investments are speculative and involve a high degree of risk. Those investors who cannot afford to lose their entire investment should not invest in start-ups. Companies seeking startup investment tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. Further, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns.
DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck |
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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more |
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