Hey there weekday warriors,

(TLDR: Please complete this survey. It’ll help shape the future of TWC.)

Huge thanks to everyone who has completed the survey already.

And since I know your time is valuable, I’m giving a $250 Amazon gift card to one random person who completes the short survey this week.

In addition to treating yo self, you can sleep easy knowing your input will give me valuable insight into everything from the types of content you want to see, to how I should monetize TWC 2.0.

So, it’d be incredible if you would fill out this quick and completely anonymous survey.

Thanks in advance, all.

Keep on snapping necks and cashing checks,

- tyler

+ US stocks "closed higher Tuesday on the final day of trade for October, as investors digested a raft of corporate earnings, but stocks couldn't avoid racking up a third-straight monthly loss for the first time since March 2020." (Investing.com)

+ The 10-year Treasury yield "rose modestly on Tuesday as traders assessed the latest economic data and awaited the Federal Reserve’s next rate decision." (CNBC)

+ Oil "eased on Tuesday as markets worried less about potential supply disruptions from the Middle East conflict and on data showing rising output from OPEC and the United States." (Reuters)

+ Bitcoin rose towards $35k on Tuesday. And investors were hard as a rock after a Bernstein analyst said he believes BTC could hit $150k by 2025 thanks to pending ETF approvals. (CNBC)

+ The three most talked about stocks on WallStreetBets in the past 24-hours were: 1) AMD +2.41% 2) Nvidia -0.93% 3) Tesla +1.76%.

+ Yesterday we discussed Meta’s new premium subscription in Europe. I asked Are you all bullish or bearish on META over the next 12 months? Here are the results…

Mile high club

JetBlue joined the mile-high club yesterday… and I mean that in the worst way possible. The airline got Eiffel towered by the DOJ and a piss poor earnings report.

Shares of JetBlue fell 10.5% on the day.

You better lawyer up, a**hole…

JetBlue headed to court on Tuesday to defend itself against those anti-capitalist buzzkills over at the Department of Justice.

Perhaps you recall that JetBlue out-dueled Frontier in 2022 for the right to buy Spirit. Soon after, Uncle Sam sued JetBlue to block the $3.8B deal. The Department of Justice claims, “the proposed transaction will increase fares and reduce choice on routes across the country, raising costs for the flying public and harming cost-conscious fliers most acutely.”

And since the judicial system is run by a bunch of mouth breathers armed with dial-up internet, this thing is just going to trial.

Taking an L here would be a nightmare scenario for JetBlue. Not only would it be forced to undo its second tie-up in less than a year (the government made JetBlue and American unwind a deal that allowed the airlines to sell tickets on each other’s planes in the northeast), but it would ensure that it doesn’t get a seat at the adult’s table with the major airlines like United and Delta.

Of course, the Biden administration might have a point. JetBlue plans to remake Spirit in its own likeness… which means it’d essentially be killing a true budget carrier in the US.

But wait, there’s more…

JetBlue also reported earnings… and let’s just say it was the Boeing 737 Max of reports. Not only was the company’s loss wider than expected for the current quarter, but the airline predicted a massive loss in Q4. Like, the kinda loss that seems like a typo (55 cents per share vs. 15 cents expected).

The airline’s brass pointed to everything except their own incompetence. Like the “sheer magnitude” of delays caused by the weather and air traffic controllers and aircraft impacted by malfunctions. You’re only hurting yourselves by not taking a good, long, hard look in the mirror…

+ Treasury Department announces new Series I bond rate for the next six months (Read)

+ Use This Simple Rule To Know How Much To Spend On Housing (Read)​

+ ICYMI yesterday... This Brutally Honest Quote From Warren Buffett Is Something Every Entrepreneur Should Read (Read)

+ If you had “Pinterest becomes the hottest social media company of the year” on your 2023 Bingo card, congrats, it’s your lucky day. Shares of Pinterest went nuclear yesterday, closing up more than 18% on the day. The app created for card-carrying Joann Fabric loyalty members reported a blowout quarter Monday after the bell.

It beat easily on the top and bottom lines and showed nearly double-digit user growth. Of course, it helps that PINS is playing chess while everyone else is playing checkers with regard to the situation in the Middle East. The company reported that despite some initial headwinds, it’s already seen advertisers who paused spend because of the war in Israel/Gaza return to the platform.

Oh, and there’s Pinterest’s secret weapon: Gen Z. Turns out that the generation giving millennials a run for their money as the most entitled sh*theads (guilty as charged) love Pinterest more than they like making day-in-the-life TikToks. According to Citi, in June 2023, Gen Z accounted for 42% of monthly active users. How long until Zuck rips off Pinterest? (Read)

+ Finally, it’s “how’s the consumer?” and not all “how can we get the consumer to buy?” The Conference Board dropped its October consumer confidence report on Tuesday, and, well, things are looking bleak. For the third month in a row, US consumers felt worse about the economy. The print was the second lowest of the year. And luckily the average US consumer isn’t a classically trained economist… because nearly two-thirds of those surveyed believe we’re headed for a recession. (Read)

+ In a shocking turn of events, the SEC is suing SolarWinds and its former top security exec for lying about a massive cyberattack that gave hackers access to hundreds of companies and federal agencies. This sh*t rarely happens and is a sign that the SEC may begin to crack down. (Read)

+ The worst part about WeWork going bankrupt in 2023 is that we can’t even blame Adam Neumann. Rumor has it that the company that blessed us with “community-adjusted EBITDA” will file for bankruptcy within the week. Of course, there were signs… like WeWork skipping interest payments last month. Shares fell more than 40% after the news broke in the extended session. (Read​)

+ Nvidia’s little brother (AMD) reported earnings after the bell. And despite a beat on the top and bottom line, its soft Q4 forecast sent share plummeting. It could have been a lot worse, though. AMD stopped the bleeding by telling investors it expects AI sales to come in at $2B for the current quarter, above the Street’s consensus. Oh, and it’s not a chipmaker named Intel. Shares fell about 0.50% after hours. (Read)

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

+ Airbnb, CVS, Dupont, Estee Lauder, Humana, Modelez, Norwegian, Qualcomm, and Yum Brands report

+ J-Poww drops the FOMC statement and holds a presser

Yesterday I asked What’s something that’s currently free that you’d pay for?

There was only one right answer…

“Sex with my wife. It’s currently free, but also does not happen. I’d be willing to pay for it with her.”

Here's today's question...

Halloween is officially over, so we can all start focusing on Christmas. But first…

What was the best Halloween costume of the year?

Respond 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.