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- š¦ Autonomous thriving
š¦ Autonomous thriving
And Donny Politics isn't selling
Hey there weekday warriors,
Waymo on Uber is coming to a city near you.
Enjoy the next 4 minutes and 21 seconds of blue-chip news and commentary.
Keep on snapping necks and cashing checks,
BTW, if you had trouble falling asleep last night, or woke up feeling like you didnāt get the rest you needed, you should check out Beam. Their Dream Powder drink mix works wonders. Thank me later.
+ US stocks ārose on Friday, with the S&P 500 and the Nasdaq Composite posting their strongest week of 2024 ahead of the upcoming Federal Reserve meeting.ā (CNBC)
+ The 10-year Treasury yield āslipped on Friday as investors set their sights on the Federal Reserveās upcoming policy meeting.ā (CNBC)
+ Oil āfell on Friday as U.S. Gulf of Mexico crude production resumed following Hurricane Francine and rising data showed a weekly rise in U.S. rig count.ā (Reuters)
+ Bitcoin popped midday Friday and held most of its gainz over the weekend.
+ The three most talked about stocks on WallStreetBets in the past 24 hours were: 1) Nvidia -0.03% 2) Trump Media +11.7% 3) C3.ai +0.5%
The market moves you need to know aboutā¦
+ Shares of Upwork rose 9.9% on news that an activist investor had taken a 3.5% stake and has plans to help the freelancer platform get its sh*t together. Engine Capital is asking for board seats to reduce costs and simplify the site.
+ The last time we talked about BuzzFeed, it was because Vivek Ramaswamy wanted to turn it into Newsmax Jr. Now, the company is in talks with Netflix to air its āHot Onesā show on the streaming network. Shares of BZFD jumped 6.3%.
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Autonomous thriving
Source: Giphy
Personal injury lawyers in Austin and Atlanta licking their chops right nowā¦
On Friday, Uber (+6.4%) and Waymo (Google +1.8%) announced that they were expanding their driverless car partnership to ATL and ATX. Now, when you call an Uber it might not have a driver who is always talking to someone on Bluetoothā¦
You might recall that the two already collab in Phoenix, Arizona to offer driverless rides. Uber also uses autonomous cars to deliver Uber Eats orders there. The Austin and Atlanta deal wonāt extend to food for now.
But Uber has no intention of being monogamous. Back in August, Uber announced it was partnering with GMās Cruise to offer autonomous rides. Yes, the same Cruise that recently dragged a pedestrian in SF.
Uber got dragged for its decision to partner with the company.
Arms race
Itās probably not a coincidence that Uber is making moves in the autonomous driving space right now. Teslaās robotaxi day is slated for October 10th, which could certainly apply some pressure to Uberā¦ even though it will probably be a letdown if past Tesla events are any indication.
Just one problem for Uberā¦
It doesnāt actually have any autonomous tech in-house. Uber sold that business off back in 2020 after realizing how f*cking hard it is to get cars to drive themselves. Oh, and its car killed someoneā¦
That means Uber will need to partner with the likes of Waymo, Cruise, and Wayve to beat Elon and Tesla.
When heās not dodging bullets, Donny Politics is busy HODLing DJT. On Friday, the former President told members of an audience at a speech that he wasnāt planning to unload his shares in Trump Media (+11.7%).
Given his major stake, DJT shareholders had some very real concerns about Trump selling the stock and bringing the ship down with him when the lockup period ends.
+ It appears that President Biden finally bought something on Temuā¦
How can I be so sure? Because the White House is preparing to crack down on ālow-valueā shipments. Right now Temu, Shein, Alibaba and others, are able to avoid tariffs on goods under $800. Lowering that threshold threatens the low-cost Chinese retailerās entire business model.
The rule change sent shares of Chinese e-comm players tumbling. Pinduoduo, the owner of Temu, had the worst day, falling almost 2.5%.
+ Our long national nightmare is overā¦
DirecTV and Disney (+1.4%) have reached a deal to bring the entertainment juggernautās programming back to DirecTV.
It ends a nearly two-week blackout that saw customers unable to watch ABC or ESPN (think: Monday Night Football).
In addition to agreeing on āmarket-based terms,ā DirecTV will be able to offer its users Disneyās streaming services.
What else?
+ Axel Springer and KKR reached fundamental deal in summer, source says. What could possibly go wrong with PE owning media?
+ When to book holiday travel this fall: āThat window of low prices is brief,ā economist says. Travel hack: piss off your family so you donāt get invited to the holidays.
+ 41-year-old who just completed the first civilian spacewalk dropped out of high school to start his $7 billion business. This is why I am going to have my kids drop out of high school.
+ 9 Reasons this Card is Your Ticket to Your Dream Vacation. Drinks on a flight that you paid for with points just hit different. Change my mind.
+ Hereās why Americans are going back to Chiliās. Three words: ā3 for meā deal.
š„ This college has the highest-paid graduatesāitās not Harvard, Princeton or any Ivy League school. āThe school of hard knocksā - the guy who grew up in the Connecticut suburbs
FYI, TWC might be compensated if you click on the links above. So, what are you waiting for? Start clicking.
āŖ On Friday, we had Robloxās Developer Conference.
ā© Today weāre keeping an eye onā¦
+ Microsoft hosts an event to discuss its Copilot technology
Yesterday, I asked, āWhat is the worst 'minor' inconvenience? ā
Biting tongue/cheek came in at #1. Followed by autocorrect and forgetting password.
Hereās what some of you guys had to say (and my thoughts in italics)ā¦
Write in: "When your rechargeable toothbrush battery is dead and you have to brush your teeth with no fancy vibration and hope you get close to the 2-minute dentist recommended time."
Forgetting password: "You know the password. You type it in multiple times and it still says itās wrong. You click forgot password and jump through all the 2-factor authentication hoops to finally reset your password. You type in your password, and it tells you that you canāt use a previous password"
Write in: "Websites that load, then at the exact moment you click on something, adjust, so you end up clicking on some random ad. Honestly seems like a conspiracy, probably developed by Zuck or some other *ucksucker..."
Write in: "iMessage not working and you need to send a green text message"
Write in: "Hangnail."
Write in: "Waking up to find your phone did not charge."
Write in: "Having to create small talk."
Write in: "Wife buying cheap a** TP."
Write in: "Eyelash stuck in your eye and trying to get that little sh*t out"
Hereās todayās questionā¦
You get $10k right now, but you can't upgrade your current phone for the rest of your life. You taking the money? |
Oh, and one more thingā¦
What did you think about today's newsletter? |
Does this look like the face of a guy you should take financial advice from?
No, itās 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.