Hey there weekday warriors,

I’ve got some inside baseball for you. A trade secret, if you will. Sponsors are how I keep this newsletter free and independent. That means the best way you can support TWC is by showing our sponsors some love (read: clicking and checking out their offers).

Love you all.

Keep on snapping necks and cashing checks,

- tyler

+ US stocks “were higher after the close on Tuesday, as gains in the Consumer Goods, Technology and Basic Materials sectors led shares higher.” (Investing.com)

+ The 10-year Treasury yield was “at two-month lows after comments from a Federal Reserve official signaled a cut in interest rates from the central bank may be on the horizon." (Reuters)

+ Oil "rose Tuesday as a weaker dollar and optimism that major oil producers could extend ongoing production cuts at the OPEC+ meeting later this week boosted sentiment." (Reuters)

+ Bitcoin hit $38k for the second time this year…

+ The three most talked about stocks on WallStreetBets in the past 24 hours were: 1) Nvidia -0.87% 2) Tesla +4.51% 3) Visa -0.46%.

Amazon has entered the AI chat…

Better late than never, I guess?

Turns out that when you found out about ChatGPT around this time last year might have been the same time Amazon found out about it. Because AMZN just rolled out its first AI chatbot for businesses.

“Q” (the James Bond franchise called and wants its IP back…) made its debut at the AWS Reinvent conference in Vegas. The chatbot will act as an AWS assistant, if you will. It will help troubleshoot issues within AWS’ online portal. Q will even be able to make updates to source code because AI’s insatiable appetite for high-paying jobs knows no bounds…

But that’s not the only thing Q is coming for. It will also follow users across their enterprise systems that live on AWS. So, in theory, you could ask Q questions about documents stored in Microsoft 365.

The $25 per month (per user) product will compete directly with Microsoft’s Copilot and Google’s Duet, which both run business owners $30 per month. The race to the bottom has begun.

That’s it?

Nope, Amazon didn’t just get a bunch of nerds together in Vegas to debut a ChatGPT knockoff and allow said virgins to enjoy legal prostitution…

AWS also announced two new chips its users will be able to access via the cloud (I’d be lying if I said I know how that actually works, but it makes me feel better knowing that most of you don’t know either…). Meet Trainium2 (for AI LLM training) and the Gravitron 4 (for more general purposes… like YouTube videos buffering superfast). Think of this like the Amazon Basics version of semiconductors…

Which I guess makes the Nvidia chips the third-party versions Amazon is ripping off. At the conference, AMZN also announced a deal with Nvidia to allow AWS-ers access to Nvidia’s powerful H200 chips (not you, China…).

Shares of Amazon fell on the day… which is a bit suspect considering its yuge Cyber Monday and positive news out of the AWS event. But, hey, that’s show biz, baby…

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This is a sponsored post. The best way to show TWC love is by showing our partners some love.

+ You may still owe taxes on resold Taylor Swift tickets even without PayPal, Venmo IRS reporting (Read)

+ 44 memorable Charlie Munger quotes about life and markets (Read)

+ Want To Make Money While You Sleep? Here Are Warren Buffett's Top Dividend Picks (Read)

+ ICYMI yesterday... Bill Gates Is Pulling In Nearly $500 Million In Annual Dividend Income. Here Are The 5 Stocks Generating The Most Cash Flow For His Portfolio (Read)

+ I’m going to need a wellness check on Warren Buffett…

Because the Oracle of Omaha just lost his work husband and totally platonic bff, Charlie Munger. The second in command at Berkshire Hathaway passed away at 99.

While he’ll probably be remembered as the Bert to Warren’s Ernie, Charlie was a next-level investor who dropped some of the hottest takes of all time (all without social media existing for most of his life). Like showering praise on the Chinese Communist Party and hating Bitcoin more than Warren Buffett. He was worth an estimated $2.3B.

I think I speak for all the weekday warriors when I say RIP, homie. (Read)

+ Bad day to be a guy who drives a BMW and has made his father’s success one of his personality traits (the others include playing padel)…

Apple reportedly told Goldman it’s not you, it’s… well, no, actually it is you. Tim Apple hopes to exit the Apple Card partnership with Goldman in the next year or so. Which isn’t exactly surprising, since the only the David Solomon is worse at than retail banking is DJ’ing. It’s not entirely clear what Apple’s next move would be, but it does have a partnership for a buy now pay later product with Mastercard. Hint hint. (Read)

+ It was presumably the success of Birkenstock’s IPO (+25%) that made Reddit go all “how hard could it be?” The social network/message board joins Shein in the on-deck circle, with plans to IPO in the year of our lord 2024 (reportedly). Earlier this year, rumors were swirling that the company could IPO at a $15B valuation… which seems like a lot to anyone who has ever used Reddit’s ad product. (Read)

Meanwhile, on the TWC blog…

(Going to start putting some stuff on The Water Coolest blog to make sure the newsletter stays short and sweet).

+ Rumor has it that Mark Cuban is about to run for President after he made two yuge moves in recent days (I see you, Cubes)… (Read on the TWC Blog)

Here's what I'm keeping an eye on today...

+ Salesforce, Snowflake, Dollar Tree, Hormel Foods, Five Below, and Foot Locker report

+ Elon, Bob Iger, Jamie Dimon, FTC Commissioner Lisa Khan, and others speak at the New York Times DealBook Summit

Yesterday I asked What’s the best way you’re using ChatGPT to make your life easier?

The best answer? This screenshot… which shows how much we need Grok in our lives, because ChatGPT just can’t do funny…

Here’s today’s question…

What cable channel was ESPN when you were growing up?

I’ll go first: 27.

Reply directly to this email and I’ll share the best answers tomorrow.

Oh, and two more things…

Did you check out today’s partner Percent yet?

Does this look like the face of a guy you should take financial advice from?

No, it’s the face of a God-fearing family man with sh*t-for-brains. So, act accordingly...

This is not financial advice. Nothing in this newsletter is an investment recommendation. All content is created for entertainment, educational, or informational purposes only. Do your own research, or do yourself a favor and hire a professional.