Hey there weekday warriors,

On Tuesday, I officially announced TWCPrimePlus+, The Water Coolest’s premium (yes, that means paid) subscription. Don’t worry, your daily morning newsletter will always be free.

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Keep on snapping necks and cashing checks,

- tyler

+ US stocks closed mixed after "a slump in Walmart and worries about the economy following a wave of mostly weaker-than-expected economic data." (Investing.com)

+ The 10-year Treasury yield "fell on Thursday as investors digested recent inflation data that could impact the path ahead for Federal Reserve monetary policy." (CNBC)

+ Oil "settled lower Thursday, to remain on course for a fourth-straight weekly slump as rising U.S. crude stockpiles and signs of easing China demand weighed on sentiment. " (Reuters)

+ Bitcoin “saw a classic pullback after the Nov. 16 Wall Street open.” (Cointelegraph)

+ The three most talked about stocks on WallStreetBets in the past 24-hours were: 1) Nvidia +1.21% 2) Walmart -8.09% 3) Tesla -3.81%.

*Andy Jassy slaps roof of car*

Home Depot: “We sell tiny homes.”

Amazon: “Hold my beer…”

Andy Jassy is about to get his Ashley Schaeffer on. That’s right, in 2024 you’ll be able to buy new cars on Amazon.

Well, technically, for the time being, you’ll only be able to buy Hyundais. Apologies to everyone who has good taste in cars. The South Korean carmaker has agreed to be the e-comm giant’s guinea pig… and I, for one, cannot wait for the Amazon affiliate commission on a “spacious and unmistakably modern” 2024 Santa Fe.

The orders will be fulfilled through local dealers… because car dealership laws were written by the Puritans. Most states don’t allow manufacturers to sell whips directly to the public. No word on whether you can get free 2-day shipping with Prime.

As part of the collab, Hyundai plans to include Alexa voice assistant in its cars beginning in 2025… which should come in handy when you’re ten drinks deep, currently evading the police, and need a hands-free assistant to find a criminal defense attorney.

The Amazon effect…

Welp, it appears that Amazon has still got the ability to make an entire industry its b*tch. Shares of online car sellers Carmax and Carvana both fell about 5% on the day.

AMZN was down slightly on the day, and in all likelihood, it had nothing to do with this news. Friendly reminder: the automotive biz will be a rounding error.

+ Deflation could be coming this holiday season, Walmart CEO says (Read)

+ 'If People Weren't So Often Wrong, We Wouldn't Be So Rich' — Warren Buffett And Charlie Munger Have No Interest In Encouraging Others To Buy The Same Investments They Hold (Read)

+ A Taylor Swift song is the best investment advice for 2024, Goldman Sachs says (Read)

+ ICYMI yesterday... New Study Reveals 10 Home Buying Myths, Sets The Record Straight On Real Estate Misconceptions (Read)

+ If Target vs. Walmart is a d*ck measuring contest, it appears WMT has been in the pool. Walmart fell 8% just a day after hitting its ATH, while TGT jumped 18% following its earnings Wednesday.

So, what went wrong? Well, it certainly wasn’t the top or bottom line beats that had investors heading for the exits…

It probably had to do with Walmart’s forward looking statements. Even though the brick-and-mortar retailer of Amazon’s nightmares hiked its profit guidance for the year, it still fell short of the Street’s expectations. And warning about a weak holiday szn probably didn’t help.

But the real problem might be deflation. Wally World CEO Doug McMillon said prices are starting to come down. The good news for the human race is bad news for the discount retailer.

You see, Walmart has been attracting all walks of life (not just its typical crayon-eating clientele) seeking bargains on everyday stuff. But with inflation easing (allegedly) Walmart could see consumers with self-respect begin to spend dollars elsewhere and profit margins start to shrink. (Read)

+ "Sike lol.” - Alibaba

Alibaba just pulled out the UNO reverse card. During its earnings call, the Amazon of China surprised markets by saying it was pumping the brakes on the planned spinoff and IPO of its cloud computing biz (think: AWS). Its rationale? Uncertainties created by US AI chip restrictions. Sounds like communist propaganda, but ok…

Shares fell 9% on the day, despite BABA also reporting earnings that were in line with the Street’s guesstimates. (Read)

+ What’s the worst that could happen? YouTube is rolling out a new AI tool that will let you create music using the voices of a handful of famous singers. Think: John Legend, Demi Lovato, and T-Pain… who should all probably consider finding new management. The tool called Dream Track will let you create 30-second AI-generated clips. My prediction? This goes more poorly than Microsoft’s Tay chatbot… (Read)

+ It probably shouldn’t come as that big of a surprise that Gap is doing well considering shoppers are hunting for bargains… and, apparently, poor quality sweatshop merch. Gap beat easily on the top and bottom lines, thanks largely to shoppers who probably look a lot like Tony P. Investors didn’t seem to care that the company predicted a roughly flat holiday quarter. Shares mooned 17% after hours. (Read)

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

+ BJ’s reports

Yesterday I asked Who/what do you want to see at the Sphere?

Ok, I get it, you guys like to do drugs.

The two most popular answers were Roger Waters/Pink Floyd and Dead & Co.

Here’s today’s question…

Would you ever buy a car on Amazon?

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

Oh, and one more thing…

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.