Hey there weekday warriors,

Today in “If it ain’t broke don’t fix it,” Microsoft has officially begun the rollout of its new default font. And as you might expect, the internet is losing its damn mind. Aptos will take it from here, Calibri.

Here’s what else we’re getting into today…

• Vince McMahon is out at TKO (and probably headed to jail)

• RIP Spirit

• New inflation data

Enjoy the next 4 minutes and 17 seconds of blue-chip news and commentary.

Keep on snapping necks and cashing checks,

- tyler

+ “The S&P 500 slipped Friday, ending its five-day record run, though still ended the week positive even as Intel's slump left a dent in big tech.” (Reuters)

+ The 10-year Treasury yield rose “as investors assessed yet another encouraging inflation reading, suggesting the Federal Reserve can start cutting rates later this year." (CNBC)

+ Oil prices “rose for a second week in a row and settled at their highest in nearly two months on Friday as positive U.S. economic growth and signs of Chinese stimulus boosted demand expectations, while Middle East supply concerns added support.” (Reuters)

+ Bitcoin regained $40k.

+ The three most talked about stocks on WallStreetBets in the past 24 hours were: 1) AMD -1.71% 2) Nvidia -0.95% 3) C3.ai -0.24%.

TKO’ed

It’s a good thing Vince McMahon has a lot of time on his hands now. Because he’s gonna need to get deep into the prison blogs…

The billionaire founder of the WWE resigned from TKO (the combined company that owns WWE and UFC) on Friday. And by that I mean he was escorted out by security.

The decision by Vince follows some pretty horrendous allegations that emerged on Thursday. A former WWE employee is accusing McMahon of sexual assault and sex trafficking.

If you’re thinking “This sounds familiar,” it’s because it is...

Back in 2022, the WWE launched an investigation that uncovered $19.6M of company cash that Vince had paid out in hush money to settle multiple sexual misconduct cases.

He resigned that time too. Only to return to oversee the merger with TKO (and take his spot as chairman). It honestly feels like the lines between real life and wrestling really started to blur for Vince…

The woman who brought the accusations against Vince was paid a bunch of cash to pretend all this never happened… just not all of it. She was promised $3M, but Vince only ponied up $1M. Which is why is seeking to break her NDA.

Good riddance…

I think it’s safe to assume that this is the last we’ll hear of Vince. That is until he dies, and we watch sports media squirm as they try to grapple with his legacy.

Shares of TKO didn’t have a chance to react to the resignation, since the news broke after the close on Friday.

Friendly reminder: the stock is up ~11% over the past week after TKO announced that it was taking its talents (Raw) to Netflix.

+ In many ways, Gen Zers are better off than their parents were 30 years ago, but fewer are financially independent — here’s why (Read)

+ Housing costs now unaffordable for record number of US renters (Read)

+ ICYMI... Can the IRS’s New Free Tax-Filing Tool Replace TurboTax? We Tried It Out (Read)

+ JetBlue is about to do Spirit like Rose did Jack at the end of Titanic. She didn’t have to let go, but it was a lot better for her if she did…

On Friday, JetBlue “raised concerns” about its acquisition of Spirit. It didn’t say what exactly its concerns were, but it probably has something to do with shares of Spirit falling 61%… in 2024. Bonus: there are very real concerns about the budget airline filing for bankruptcy.

Spirit’s death spiral began when a judge blocked a proposed merger between the two on January 16th, citing its anti-competitive nature.

And, welp, now it’s looking like the judge did JetBlue a solid. They might be able to dodge a bullet and get out of the deal by citing “material changes” (spoiler: the company being about as sound as a Boeing fuselage).

SAVE closed down 13.5% and JBLU was up 3.5%. Not unlike ball, market don’t lie…(Read)

+ The only thing J-Poww loves more than dropping acid at Dead & Co. is the core personal consumption expenditures price index.

In December, the Fed’s preferred inflation gauge rose 2.9% year over year and 0.2% on a monthly basis. Sounds like a rounding error to me. The annual figure came in lower than the Street’s estimates (3%) and the monthly figure was in line.

Still, markets are unsure if the step in the right direction will be enough to force the Fed’s hand. Futures markets are pricing in a 53% chance of a rate cut in March… (Read)

+ Pour one out for everyone who invested in Reddit at a $10B valuation. A report from Bloomberg indicates that when Reddit IPOs this year, it’s hoping for a $5B valuation. (Read)

+ These pros ain’t loyal. Amirite, Boeing?

Turns out, clients can get over planes falling out of the sky, but they draw the line at a door plug blowing out midair. United’s CEO flew to Ireland to chat with Airbus about buying more A321neo jets instead of Boeing’s equivalent. There are major concerns that Boeing’s 737 Max won’t get sign-off from the FAA… mostly because the FAA said so. (Read)

+ If AI chipmakers were a family, Nvidia would be the cousin who went to Harvard and is an Olympic rower (basically, a Winklevoss). AMD is top in his class and landed an internship at Goldman. And, well, Intel is the “cool” cousin that always “goes on a walk” at holidays and is taking a break from college while he “figures himself out.”

On Thursday, Intel reported an earnings beat… but warned that there would be pressure on the top and bottom line in Q1 ahead of the launch of its new AI chips. And how was Intel rewarded for its honesty? Shares got crushed, falling 11% and dragging the rest of the market down with it. (Read)

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

+ Whirlpool and Nucor report

+ Flutter Entertainment starts trading on the NYSE

Yesterday, I asked What’s your go-to money-transfer app?

Venmo took gold with 53.5% of the vote, followed by PayPal and Zelle.

Here’s today’s question…

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