Bryan R. Smith/Getty Images |
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Kroger saw Chick-fil-A’s plan to launch its own streaming service and said hold my reusable bag. The grocery chain is offering Disney streaming subs to members of its paid delivery service. How much “Bluey” can keep shoppers away from Walmart?
The S&P 500 closed at a record high yesterday, driven by gains in tech and cruise lines. After the Fed’s September-meeting minutes dropped, traders were betting on a 20% chance of no rate cut next month. Q3 earnings szn kicks off tomorrow with big banks reporting.
🎙️ Pod to go: Our new weekly podcast, “Snacks Mix,” just dropped its second episode. Tune in on Spotify or Apple Podcasts for fresh takes on Google’s potential breakup, TikTok’s lawsuits, and more of the biz news you need to know.
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Making landfall… Hurricane Milton, designated a Category 3 or 4 hurricane as of yesterday, was expected to start hitting Florida last night. The National Weather Service called Milton “a historic storm” that could be Tampa’s worst weather event in over a century. Millions of people were urged to evacuate. Florida Gov. Ron DeSantis put 51 counties under a state of emergency, advising them to stock up on food and supplies.
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Some communities in Hurricane Milton’s path are still recovering from Hurricane Helene, which hit southern states two weeks ago, killing more than 230 people. Economic losses, including extensive property damage, could be as high as $110B.
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In preparation… Airlines canceled hundreds of Florida flights, after adding flights earlier this week to preemptively ferry Floridians away. American, Delta, United, and Southwest also waived change fees. On the seas, Royal Caribbean and Carnival rerouted cruise ships. And on Interstate 75, between Georgia and Florida, traffic nearly quadrupled as people evacuated. About a quarter of the state’s gas stations were said to have run out of fuel. Meanwhile, Disney, Universal, and SeaWorld shut down their Florida parks, and Waffle House closed all its Tampa locations.
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- Policies: Insured losses could be as high as $150B if the storm directly hits Tampa. Property owners have already been edged out of increasingly expensive policies in disaster-prone states, and some home insurers have ditched the risky markets.
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The forecast is harrowing… Of all of America’s weather-related disasters, tropical cyclones and hurricanes have caused the most damage in recent history. Since 1980, major tropical cyclones and hurricanes have killed 7K people and caused over $1.3T in damage. Weather-related disasters are becoming more frequent and more severe as residents and businesses struggle to remain resilient in the hardest-hit areas. |
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The Biggest Disruption to IP since Disney? |
History is being made in the $2T1 global entertainment & media industry and you can get a piece by investing in Elf Labs — but only for a limited time.2
With over 100 historic trademark victories, Elf Labs owns rights to some of the highest-grossing characters in history, including Cinderella, Snow White, Little Mermaid, and more. These icons have generated tens of billions in merchandise revenue alone, since their inception.
Now, Elf Labs is revolutionizing these characters with patented next-gen technology, including AR, VR and advanced compression algorithms for an unprecedented level of immersion. From virtual reality — without headsets — to AI-powered talking toys, this may be the biggest disruption to IP since Disney.
With two projects already funded, there’s limited space left. Become an Elf Labs shareholder today before the round closes on Oct. 30.3 Plus you can earn up to 40% bonus shares4 & other exclusive investor perks!
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The Biggest Disruption to IP since Disney? |
History is being made in the $2T1 global entertainment & media industry and you can get a piece by investing in Elf Labs — but only for a limited time.2
With over 100 historic trademark victories, Elf Labs owns rights to some of the highest-grossing characters in history, including Cinderella, Snow White, Little Mermaid, and more. These icons have generated tens of billions in merchandise revenue alone, since their inception.
Now, Elf Labs is revolutionizing these characters with patented next-gen technology, including AR, VR and advanced compression algorithms for an unprecedented level of immersion. From virtual reality — without headsets — to AI-powered talking toys, this may be the biggest disruption to IP since Disney.
With two projects already funded, there’s limited space left. Become an Elf Labs shareholder today before the round closes on Oct. 30.3 Plus you can earn up to 40% bonus shares4 & other exclusive investor perks!
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Pullin’ back the mask… and not finding much. The crypto world was abuzz after the Tuesday-night airing of an HBO documentary hyped as revealing the identity of bitcoin’s pseudonymous creator, Satoshi Nakamoto. The film, “Money Electric: The Bitcoin Mystery,” used circumstantial evidence to point to 39-year-old Canadian software developer Peter Todd. Todd denied on X that he created the OG crypto and called the idea “ludicrous” during his interview in the doc. The bitcoin community largely dismissed the film’s conclusion.
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- Bet’s off: Before the doc aired, folks wagered who it would identify as Satoshi on the crypto-based prediction site Polymarket. Todd wasn’t even a listed option.
- Not me-mecoin: Traders hoping to strike it big had launched meme coins tied to possible Satoshi candidates, focusing on deceased “cypherpunk” Len Sassaman.
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The $69B stash… Folks have been trying to unmask the mysterious Satoshi for years, and not just for fun. There are potentially major market consequences to the bitcoin creator’s real identity, and to the question of whether they’re still alive. That’s because before Satoshi went quiet, in 2011, they mined an estimated 1.1M BTC. At current prices, that’s worth about $69B and represents 5% of the crypto’s total supply. If Satoshi returned and decided to dump those coins, it could (at least temporarily) tank the price of bitcoin.
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- The so-called Satoshi coins are viewable on the blockchain and have never moved.
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Mystery is valuable… The crypto community was unconvinced by “Money Electric,” leaving the question of Nakamoto’s true identity unanswered. The markets appeared fine with that, as the price of bitcoin remained mostly flat following Tuesday’s airing. But the price of a newly launched meme coin tied to Todd spiked. |
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| “Guys, we might lose the house this year,” my dad said. Read more. |
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- The DOJ said it might recommend that courts break up Google’s core businesses, separating search from Chrome and Android.
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Indeed said that seasonal job searches were up 18% from last year, with holiday work competition heating up in a slower hiring market.
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Chinese ecomm titan Temu is offering $4 remote controls that work with Amazon’s Fire TV device (and rival its $25 remote).
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Home Depot will require its corporate employees to work a full day shift at one of its retail stores each quarter.
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Talks between Boeing — which has delivered 22% fewer planes so far this year — and its 30K+ striking US workers have broken down.
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- Consumer Price Index
- Weekly jobless claims
- Tesla expected to debut a robotaxi concept car
- Earnings expected from Tilray, Delta, and Domino’s
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Authors of this Snacks own bitcoin and shares of Alphabet, Amazon, Delta, Disney, and Walmart |
Advertiser's disclosures:
1 PWC Perspectives from the Global Entertainment & Media Outlook 2024–2028: Seizing growth opportunities in a dynamic ecosystem, July 2024. 2 The end date of this offering is April 1, 2025.
3 This is a paid advertisement for Elf Labs’ Regulation CF Offering. Please read the offering circular and related risks at elflabs.com.
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.
4 A minimum investment of $2000 or the watching of an investment webinar is required to receive 5% bonus shares. The percentage of bonus shares is tiered based on investment amount. See the Investor Benefits section of the website for further details. |
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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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