Hey there weekday warrior,

I’m looking to bring on a part-time writer for 2025. If you think that’s you, apply right now to help me build the best damn newsletter on the internet.

Enjoy the next 4 minutes and 39 seconds of blue-chip news and commentary.

Keep on snapping necks and cashing checks,

– tyler

+ US stocks “slid Thursday, as Federal Reserve Chair Jerome Powell signaled that the strength of the economy could warrant some patience with future rate cuts.” (Yahoo! Finance)

+ The 10-year yield “hovered near a 4-month high on Thursday after Federal Reserve chair Jerome Powell indicated that the central bank is in no hurry to slash interest rates.” (CNBC)

+ Oil “closed slightly higher in choppy trading on Thursday, as a steep draw in U.S. fuel stocks outweighed oversupply concerns and demand worries stemming from a stronger dollar.” (Reuters)

+ The Bitcoin “market stumbled almost 3% after the United States Federal Reserve hinted that further interest rate cuts might not be coming, contrary to expectations from those in the crypto and wider financial market.” (Cointelegraph)

+ The three most talked about stocks on WallStreetBets in the past 24 hours were: 1) Tesla -5.7% 2) Intuitive Machines -13.0% 3) AST SpaceMobile -3.9% // -18.6% after hours

The market moves you need to know about…

– Amazon has still got its fastball. It probably shouldn’t come as a shock that a company founded by a guy going through what can best be described as a midlife crisis (hot new girlfriend, buys a boat, starts wearing Dan Flashes shirts) plans to start selling hair loss treatments and b*ner pills for one low monthly cost. Prime members can use their Rx benefits to get discounts on basic treatments.

This, of course, puts Amazon in direct competition with the likes of Hims & Hers and Ro. Shares of Hims got put in a body bag, falling 24.4% on the day. Ro has never been more happy it hasn’t tapped public markets.

+ For anyone who’s been to a Disney park in the last decade, this should come as little surprise, but… the House of Mouse beat on the top and bottom lines yesterday. And it has no plans of taking its foot off the gas. It also shared girthy outlooks for ‘25, ‘26’ and ‘27. Shares jumped 6.2% on the day.

Anti-Pharma Bro

Bad day to be a seed oil maker. And a worse day to be a vaccine manufacturer.

News that Donald Trump nominated RFK Jr. to lead the Department of Health and Human Services sent shockwaves through markets. Did you really not see this coming, you guys?

The only thing JFK’s nephew hates more than monogamy is vaccines. He’s been fiercely anti-vax since before it was cool. This dude literally wrote the book on the topic.

So, yeah, it makes sense that big pharma got rekt on the news that he could be overseeing what goes into the bodies of Americans. Pfizer (-2.6%), Moderna (-5.6%), Novavax (-7.0%), and BioNTech (-7.1%) all took their lumps on fears that RFK Jr. could go all Srihan Srihan on their sorry a**es.

But that wasn’t the only market-moving news coming out of the President-elect’s camp…

Is Polymarket or Kalshi taking action on how long until Trump and Elon are beefing?

Trump’s intention to kill the federal government’s $7.5k EV credits sent Tesla (-5.7%) (and other EV makers) spiraling.

Elon and the company are reportedly on board with the administration’s decision… likely because they stand to benefit the most. You see, all those other EV makers that have yet to reach scale will likely struggle without Uncle Sam’s added incentives. Elon and Tesla have already reaped the rewards on their way to the top of the food chain.

The move aimed at gutting Biden’s Inflation Reduction Act is likely to setback EV adoption, which has already been struggling due to high prices.

+ Yesterday J-Poww reminded everyone why the movie is called “Team America: World Police”…

The Fed chair had this to say about the economy of the United States of America: it’s “by far the best of any major economy in the world.” To be fair, given the state of the world that’s like being the smartest guy in the Northwestern Mutual intern class.

Just how confident is he? Jerry Interest Rates said the US “economy is not sending any signals that we need to be in a hurry to lower rates.” It makes sense given that inflation is falling while job numbers remain healthy. In the business, they call that a soft landing.

Of course, the incoming President may not agree with the speed at which Jay moves, prompting an unprecedented showdown that could lead to Donny Politics making moves to dethrone the sitting Fed chair.

+ Remember when CNBC’s Rick Santelli dropping inflation data was appointment television? Andy Bernard said it best “I wish there was a way to know you're in the good old days before you've actually left them.”

A day after the Bureau of Labor Statistics shared consumer inflation data that was in line with expectations, it dropped wholesale price data that didn’t raise any red flags. The Producer Price Index rose 0.2% in October and 2.4% on a 12-month basis, which is exactly what the Street was expecting.

+ Razzlekhan and Ilya walked so SBF and Caroline could run…

The internet sensation known as “the crocodile of Wall Street” will learn her fate on Monday for her role in attempting to (poorly) launder billions of dollars worth of crypto. Along with her husband Ilya Lichtenstein, Razzlekhan (legal name: Heather Rhiannon Morgan) tried to clean the $70M Ilya stole via a cyberattack on Bitfinex back in 2016 before crypto was cool.

Of course, cleaning the stolen pile of sh*tcoins became increasingly more difficult as the value rose (to nearly $10B today). The cypherpunk Bonnie and Clyde were arrested in early 2022.

Ilya was sentenced to 5 years in prison yesterday. Razzlekhan is seeking just 18 months given she wasn’t involved in the actual hack.

+ Warren Buffett's latest investments reek of Monster Energy, tribal tattoos, and smoking while pregnant.

According to Berkshire's 13F filing, the Oracle of Omaha built a stake in Domino's Pizza (-0.8% // +7.5% after hours) and Pool Corp (+1.7% // +5.6% after hours)... which probably means Winnebago and Cracker Barrel are on his watch list. Both companies boomed during the pandemic, but have fallen on tough times.

In the same filing, the Oracle indicated that he further cut his yuge stakes in Apple and Bank of America.

+ Even U.S. presidents make mistakes with their money, author says. Here’s how some struggled. JFK really should have invested more in bulletproof glass…

+ Nasdaq CEO shares the best investing advice she’s given her own son: It’s a ‘foundational element of wealth creation’. “YOLO into Doge.”

🔥 The Best Amazon Tiny Homes for Less Than $50,000: Inside the DIY Dwellings Taking the Internet by Storm. I think I’d rather live in the Amazon box it came in.

FYI, TWC might be compensated if you click on the links above. So, what are you waiting for? Start clicking.

⏪ Yesterday, Disney, JD.com, and Bilibili reported before the bell. Applied Materials, AST SpaceMobile, and Oklo dropped earnings after the close.

Plus, we got October PPI data and J-Poww spoke in Dallas.

⏩ Today we’re keeping an eye on…

+ Alibaba reports before the bell

Yesterday, I asked, “Push presents or nah?”

72.0% of you are a NO.

Here’s what some of you had to say (and my thoughts in italics)…

• Nope: "And no stupid reveal parties either.”

• Yes: "Not going to argue with a pregnant woman. I prefer my life.”

• Yes: "If I’m going to push a baby out of my f*cking vagina, you better get me a present”

• Yes: “Don’t be a dick. Get them something. They’re pushing out your baby”

• Yes: "Since I’ve actually done the pushing (twice) it’s well deserved!”

• Nope: "I already gave my gift.”

• Yes: “Speaking from experience. Absolutely no on the first two. However, when that accidental third comes b/c your weak pullout game… the diaper bag better be Gucci.”

And here’s today’s question…

Got an email from John B. with a bunch of EXIT INTERVIEW questions. It was totally unsolicited but gave me the idea to let the patients run the asylum every once in a while.

John’s question is below. If you have a question you want answered, shoot me an email. If it doesn’t suck, I might run it.

+ The “Diddy Bowl” might do bigger numbers than the Stanley Cup Finals

🔥 For some reason, Zuck sang Lil Jon’s “Get Low” with T-Pain

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 an individual who is financially irresponsible/dumb enough to be talked into spending money on a family photo shoot that he could have just done with his iPhone. 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.