Hey there weekday warriors,

(Heads up, if you already know the yuge news about the future of The Water Coolest, you can skip this part...)

By now you've probably seen the headlines and the posts about some changes at Barstool. And, well, things are changing on my end too...

After nearly two years at Barstool, The Water Coolest is going independent (again). And I'll be in the driver's seat, which means not a damn thing is going to change (except, the logo and some legal language... obviously).

"So, do I have to do anything?" - you, probably

Yep. We'll be sending from thewatercoolest.com domain (again). So, to ensure you always get the emails, you should tell your email provider that you're cool with getting emails from [email protected].

Here's how to do it...

1. Add [email protected] to your address book/tell your email provider we're safe (here are instructions for every email provider).

2. That's it.

I appreciate you coming along for the ride. And if you have any questions, you can reach out directly at [email protected].

Keep on snapping necks and cashing checks,

Tyler

PS, Have some questions? Concerns? Been hoping to collab? Just want to chat? Drop me a note >

+ US stocks "rallied on Friday, led by technology shares to a sharply higher close as investors assessed a jobs report that showed U.S. hiring rose broadly in September with slowing wage growth." (Investing.com)

+ The 10-year yield "rose Friday, after the latest jobs data came in better than economists anticipated." (CNBC)

+ Oil "rose on Friday but posted their steepest weekly losses since March, after another partial lifting of Russia's fuel export ban compounded demand fears due to macroeconomic headwinds." (Reuters)

+ Bitcoin tested the $27k level on Friday in the aftermath of the unfathomable jobs report, but regained its composure over the weekend. (Read more)

+ The three most talked about stock on WallStreetBets in the past 24-hours were: 1) Nvidia -2.40% 2) C3.ai +2.15% 3) Visa +0.67%

Why don’t you get a job?

Artificial intelligence will take our jobs, they said. The human race is washed up.

Well, then, explain this...

The US added 336k jobs​ in September. That was nearly double the Street's estimates. And 100k higher than August. Not that it's a contest.

Once again, the leisure and hospitality sector put the team on its back, adding 96k jobs​. The government also added 73k positions... presumably, mostly IRS agents that are prepared to throw your sorry a** in Gitmo if you fail to report $601 in Venmo transactions.

But, what's good news for deadbeats is bad news for markets, right?

Not exactly. Stocks initially fell on news of the big beat, but ended higher on the day *brain explodes*. Of course, we'd expect markets to lose their collective minds given an alarmingly tight job market just screams "rate hike at the next Fed meeting."

You see... investors liked what they saw after digging into the report (no, it wasn't the 3.8% unemployment rate, although that was a slight uptick).

Average hourly wages won the day. Earnings rose 0.2% for the month and 4.2% vs. a year ago. That's below analysts' estimates of 0.3% and 4.3%. Define "silver lining."

Still, the likelihood of another Fed hike increased slightly on the day.

+ Keep a ‘pain journal’ to track how much ‘you’ve learned and grown’, says Harvard happiness expert (Read)

+ If the Job Market Is So Great, Why Do I Feel So Stuck? (Read)

+ ICYMI yesterday... The New Jobs for Humans in the AI Era (Read)

+ "I remember my first internet satellite launch." - Elon

Four years after announcing its plans to fire thousands of satellites into Earth's lower orbit, Amazon launched its first two glorified routers into space. Just 3,234 to go. "Project Kuiper's" ultimate goal is to allow anyone in the world to shop their favorite OF star's Amazon wish list provide high speed internet access anywhere in the world.

Better late than never, I guess. Elon Musk's Starlink (part of SpaceX) already has 5k interweb satellites in orbit, and serves more than 2M customers. Amazon has earmarked more than $10B to take on Elon and SpaceX.

Oh, and I'll just leave this right here: AMZN partnered with United Launch Alliance for its inaugural trip to space... not Jeff Bezos' Blue Origin. Probably nothing.

Amazon was up 1.5% on the day (roughly in line with the Nasdaq, so don’t get too excited space nerds). (Read​)

What else?

+ You probably don't need me to tell you that the situation in Israel is an absolute clusterf*ck​. And typically when these sorts of things happen, investors tend to overreact (for good reason). Given Israel and Palestine's proximity to some of the world's major oil players, analysts are expecting a "knee-jerk surge" in crude prices. Oh, and US stock futures were lower last night... (Read)

+ Listen, you might be bad at your job, but you'll never be as bad as the guys who are having a tough time monetizing Reese Witherspoon and Cocomelon. Blackstone-backed Candle Media's profits are expected to come in 50% below forecasts. Just a bitttt outside. Friendly reminder: Blackstone ponied up nearly $1B for the two former Disney execs behind Candle to take a controlling stake in Reese Witherspoon's Hello Sunshine. (Read)

+ GM is ready to ink a deal with the devil (read: this dude who wears am "Eat the Rich" shirt​ on national TV). With the autoworkers’ strike entering its fourth week, GM said it’s cool with workers at joint venture battery plants being part of the next labor agreement. While it's a step in the right direction, the two sides appear to be about as close to an agreement as Elon Musk and Zuck are to actually throwing hands (remember that?) (Read)

+ MGM to Clorox: "Hold my beer." Just a few days after Clorox said a recent cyberattack would put its quarterly results in a body bag, MGM Resorts confessed it's expecting a $100M loss related to its own hack. The breach happened on September 10 and has wreaked havoc on everything from slot machines to elevators at MGM properties up and down the Strip. Shares rose nearly 5% on the news... because "it could have been worse"... I guess. (Read)

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

+ Birkenstock will probably price its IPO

Friday, I asked If you had to drink one beer for the rest of time, what would it be?

Ok, I feel like I'm being trolled here with the most popular answer. How do you expect me to believe that you could drink Guinness for the rest of your life? Sure, it's good. But you'd be sick of it after four days, tops. Just ask anyone who's gone on a trip to Ireland.

Here's today's question...

Cocomelon lives rent-free in my head thanks to my 3 year (who thankfully has moved on to Spidey & His Amazing Friends)...

What is the absolute worst show your kid watches/watched?

Respond directly to this email and I'll share the best answers tomorrow.