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“We're gonna need a bigger tariff” |
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Sounds like “Planet of the Apes,” actually real life: dozens of monkeys escaped from a research lab in South Carolina last week. The facility’s boss said the primates have been mostly monkeying around and are not showing any signs of uprising. Yet.
The S&P 500 on Friday surged to 6,000 for the first time, notching its best week in a year as stocks rallied after Trump’s election victory. Shares of Trump ally Elon Musk’s Tesla were up nearly 30% for the week, and yesterday bitcoin crossed $80K.
🦃 Thanks-quizzing: To make the family dinner less awkward this year, start brushing up on your biz-news trivia with our Snacks Seven quiz. Here’s the first q: |
🇺🇸 Thank you for your service: a big Veterans Day shoutout to everyone who’s served and defended the US. |
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“The most beautiful word”... what President-elect Donald Trump has called tariffs. During his campaign, Trump vowed to slap a tariff of 10 to 20% on all imports to the US, plus a tariff of 60% or more on shipments from China. He’s also threatened a 100% tariff on some imports from Mexico (avocado lovers are shaking). Tariffs — taxes placed on imported goods — are a tool lots of countries use to protect domestic industries, exert political leverage, and raise tax $$. |
- The US already has tariffs to protect key industries. During Trump’s first term, he imposed taxes of up to 25% on $360B worth of Chinese goods. The Biden admin kept most and added more, including a 100% tariff on Chinese EVs.
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But the tariffs Trump’s proposed would be a game changer because they could apply to all $3T worth of the US’s annual imports. An across-the-board tariff of 60%+ on Chinese goods would be a dramatic escalation.
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Tariff tiff… The biggest argument against tariffs is that they could make inflation spike. Trade groups have said that Trump’s proposals could lead to broad price increases for consumers (16 Nobel Prize-winning economists agree). A 60% tariff on $20 sneakers from China would mean a company pays $32 to bring them into the US — and is likely to pass some of that extra cost to consumers. E.l.f. Beauty last week said it could raise prices, Steve Madden said it plans to slash its share of China-sourced products, and importers are rushing to ramp up orders ahead of Inauguration Day. Trump’s tariffs could also lead to retaliation from trading partners and dampen US exports by boosting the dollar’s value. Proponents argue that critics fail to factor in the positive effects tariffs could have, including:
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- Boost US manufacturing: Trump says that steep tariffs would force companies to move production to the US, which would create more jobs. Critics say the US no longer has the people or infrastructure to support so much domestic production.
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Raise tax revenue: The gov’t could use the billions of $$ it collects through tariffs to build infrastructure, lower the federal deficit, or offset tax cuts (which Trump’s planning).
- Trade leverage: The US imports way more than it exports, and Trump argues that tariffs would shrink the trade deficit, though the deficit grew during his presidency.
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Inflation is enemy No. 1… If it gets worse, it could lead to backlash for Trump’s party. Still, it’s unclear whether the POTUS-elect will try to implement the tariffs he’s proposed. S&P Global recently said he’s unlikely to go through with the full plan. |
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Data, data, everywhere — but where can we put it all? We’re generating data at a mind-boggling pace, far outpacing traditional storage solutions. That’s why Atombeam is rethinking machine communication altogether.
Soft launch… Data storage has long been a materials issue. Atombeam’s approach is focused on software — and their patented AI-powered Neurpac software could revolutionize data management by making networks up to 4x faster and potentially more secure.
Making waves… Major tech orgs want to work with Atombeam. The company has industry partnerships in place with NVIDIA, Ericsson, Viasat and Intel1 — and last year, the company was awarded a Phase II contract for $1.2M with the U.S. Space Force to develop Neurpac for use over military satellites.
Atombeam’s raise just hit $8.5M - but this round is closing soon. Invest in Atombeam before this round closes at a current price of $8.00/share.2 |
1 The partnership relationship varies between companies and can include the following: inclusion on a preferred vendor list, invitations to participate in certain forums; listed on the other company's website, and introduction and networking opportunities. |
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Data, data, everywhere — but where can we put it all? We’re generating data at a mind-boggling pace, far outpacing traditional storage solutions. That’s why Atombeam is rethinking machine communication altogether.
Soft launch… Data storage has long been a materials issue. Atombeam’s approach is focused on software — and their patented AI-powered Neurpac software could revolutionize data management by making networks up to 4x faster and potentially more secure.
Making waves… Major tech orgs want to work with Atombeam. The company has industry partnerships in place with NVIDIA, Ericsson, Viasat and Intel1 — and last year, the company was awarded a Phase II contract for $1.2M with the U.S. Space Force to develop Neurpac for use over military satellites.
Atombeam’s raise just hit $8.5M - but this round is closing soon. Invest in Atombeam before this round closes at a current price of $8.00/share.2 |
1 The partnership relationship varies between companies and can include the following: inclusion on a preferred vendor list, invitations to participate in certain forums; listed on the other company's website, and introduction and networking opportunities. |
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Crypto’s red wave… Investors juiced bitcoin to a record $80K after Trump’s win last week. On the campaign trail, he said he’d create a national bitcoin reserve and make the US “the crypto capital of the planet.” Trump also said he’d fire SEC Chief Gary Gensler, who led a crypto crackdown. Meanwhile, crypto super PAC Fairshake said it poured $169M into congressional races. An estimated 253 pro-crypto politicians were elected to the House and 16 to the Senate; Coinbase called it “the most pro-crypto Congress in history.”
Merger mania… Trump’s win has Wall Street anticipating a dealmaking boom. Goldman Sachs is projecting a 20% spike in mergers and acquisitions next year, following the Biden admin’s tough antitrust scrutiny. Elon Musk has said that FTC Chair Lina Khan would be fired, and Trump is expected to replace the DOJ’s antitrust chief as well. The two agencies set a record for merger challenges during Biden’s admin. Shares of “waiting to consolidate” cos including Capital One, Discover, Frontier, Spirit, Kroger, and Tapestry surged last week.
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The Mouse House… is set to report Thursday as theme parks cool and streaming heats up. Disney topped earnings expectations in August after its streaming biz (Disney+, Hulu, and ESPN+) turned its first profit of $47M. But traffic slowed at its US parks as folks cut back on pricey Magic Kingdom vacays. To spice up its biz, Disney’s reportedly looking at ways to infuse AI and mixed reality in its film, TV, and park divisions. Analysts say it could report a $150M+ earnings hit from park closures during Hurricane Milton.
11.11 make a wish… Alibaba, aka the Amazon of China, reports Friday after its “Singles’ Day” shopping extravaganza wraps up tonight. Singles’ Day raked in ~$156B last year, eclipsing Prime Day and Black Friday sales. But that haul was relatively tepid for Alibaba, and growth’s expected to stay muted this year (even as Chinese ecomm giants like JD.com and Pinduoduo pile on discounts). China has been slinging out stimulus to fuel spending as its sluggish recovery hammers global industries from beauty to luxury.
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What Trump has recently said about these companies and what they’ve said about him. Read more. |
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- Trump’s return as prez could bring about a slashing of AI regulations, benefiting tech giants like Meta, OpenAI, and Microsoft.
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As the restaurant industry struggles with slumping sales, Taco Bell, Chili’s, Domino’s, and “slop bowl” slingers like Chipotle are winning the food fight.
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The world’s 10 richest people (including Musk, Jeff Bezos, and Larry Ellison) got $64B wealthier in the day after Trump’s win.
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Monday: Veterans Day. Earnings expected from Live Nation
- Tuesday: Earnings expected from Shopify, Home Depot, Hertz, Tyson, AstraZeneca, Tencent Music, SoundHound AI, Cava, Spotify, Occidental, and Instacart
- Wednesday: Consumer price index. Earnings expected from Cisco, Dole, and Sonos
- Thursday: Initial jobless claims. Producer price index. Earnings expected from Disney, JD.com, and Advance Auto Parts
- Friday: Retail sales. Jake Paul vs. Mike Tyson boxing match, broadcast live on Netflix. Earnings expected from Alibaba
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Authors of this Snacks own bitcoin and shares of: Amazon, Disney, Microsoft, Shopify, and Tesla |
Advertiser's disclosures:
2 This is a paid advertisement for Atombeam’s Regulation A+ Offering. This Reg. A+ offering is made available through StartEngine Primary, LLC, member FINRA/SIPC. Please read the Offering Circular and related risks at Atombeam’s webpage on StartEngine before investing.
In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion. This was a paid for ad. Sherwood Media has been compensated for this ad by the Atombeam Reg A+ Campaign hosted on StartEngine.
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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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