Hey there weekday warriors,

Zuck is making virtual reality a thing, whether we like it or not. Plus, some BIG changes at OpenAI.

Enjoy the next 4 minutes and 27 seconds of blue-chip news and commentary.

Keep on snapping necks and cashing checks,

– tyler

+ US stocks “lost steam on Wednesday after markets hit all-time highs, with the three major gauges closing mixed as investors debated the health of the economy and the chances of another jumbo rate cut.” (Yahoo! Finance)

+ The 10-year Treasury yield was “higher on Wednesday as investors weighed economic data and considered the state of the economy.” (CNBC)

+ Oil “slumped over 2% on Wednesday as worries over supply disruptions in Libya eased and demand concerns continued despite China's latest stimulus plans.” (Reuters)

+ Bitcoin fell alongside stocks.

+ The three most talked about stocks on WallStreetBets in the past 24 hours were: 1) Micron +1.8% // +14.7% after hours 2) Nvidia +2.1% 3) Visa -1.1%

The market moves you need to know about…

– Turns out Ubisoft is still making Assassin’s Creed games, you guys. Shares of Ubisoft plummeted 14.1% on news that it would delay the newest installment of the franchise by 3 months (until after Christmas, for the record). After dropping a lackluster Star Wars title last month, Ubisoft said it wants to go back to the drawing board on the Assassin’s Creed game. Woof.

+ Micron didn’t hear no bell. While other AI stocks find themselves on the ropes, Micron remains allergic to losing. The stock jumped 14.7% after reporting a top and bottom line beat and sharing revenue guidance that came in above the Street’s consensus.

Zuck’s spectacle

“Wait, where’s the comma?” - Tim Cook looking at the price of Meta’s new VR headset

Meta (+0.8%) held its Connect event yesterday. Mostly for the company to showcase its fashion icon CEO. And partially to show off its latest hardware.

The star of the show was the Quest 3S. In case you were wondering, the S stands for ‘start’. The gateway drug of VR headsets is priced to move at $299. Its predecessor, the Quest 3 has a sticker price of $499. Oh, and the Apple Vision Pro starts at $3,499.

“yEah BUt tHE QUEsT 3s dEfiNItEly DoeSn’T HAve tHe SAmE FUNCtioNalITy aS thE ViSIOn pRO!” - grown a** men who make being an Apple person their entire personality

Hate to burst your blue text bubble, but Meta’s Quest 3S can do most of the same stuff your Apple headset can. According to Zuck, Meta’s VR headset is capable of “All the things you can do with a general-purpose computer, Quest is the full package.” Shots fired.

The Quest 3S can showcase up to 6 screens at once, which means it’s only 2 away from being popular among day traders. It’s also the first Quest to offer a “passthrough” button, which activates cameras and sensors that allow users to see the real world… because god forbid you take the thing off and unplug from the Matrix.

And what would a hardware launch event in 2024 be without an AI overhaul? A major upgrade to Meta AI that will allow users to interact with the chatbot via voice commands. But it won’t just be any generic chatbot on the other end… you can talk with a bunch of celebs, including John Cena (… and does anyone else really matter?).

“You’ll never get this.” - Borat… and Zuck

The Quest 3S wasn’t the only headset Meta unveiled. It also shared the Orion, a pair of AR glasses that aren’t going to be available to the public anytime soon. The prototype looks a lot like the glasses you’d get with the cheapest sexy nerd costume at Spirit Halloween (the kind of costume that’s still available on November 1st).

The chunky glasses are what Meta envisions the future of augmented reality looks like. They’re meant for all-day wear and allow users to interact with what is essentially a holographic interface projected onto their surroundings.

The inventor of Google Glass has gotta be so mad right now…

We all had to choose whether we were Xbox, PlayStation, or Nintendo people. So…

Yesterday, I asked, "How often are you using a debit card on purchases?" ‘Never’ won with 58.1% of the vote.

+ OpenAI’s Chief Technology Officer who got memed to death when she couldn’t confidently answer how the company’s AI video tool was trained is dead to Sam Altman now, too…

OpenAI Chief Technology Officer Mira Murati announced she’s leaving the company that blessed society with ChatGPT. Murati had this to say: I’m “stepping away because I want to create the time and space to do my own exploration.”

Of course, it could have had something to do with OpenAI reportedly considering transitioning to a for-profit organization… and giving Sam Altman 7% of the new company.

Murati and Sam have butted heads before.

She was part of the coup that ousted founder Sam Altman (briefly) last year. Pretty much everyone else in a leadership position who so much as thought Sam might not have a future at OpenAI, has already moved on to greener pastures.

Co-founders Ilya Sutskever and John Schulman are both gone. As is “safety” leader Jan Leike.

+ You’re not going to believe this, but a study shows Novo Nordisk’s (+1.2%) Ozempic might actually decrease the risk of opioid overdose. Because who has time to do drugs when you’re busy being skinny and hot?

This is just the latest W for the drug, which has shown it’s capable of a whole lot more than just controlling diabetes and aiding in weight loss. The GLP-1 has also shown promise in preventing kidney and heart disease, as well as combatting addictions such as nicotine and alcohol.

+ American Eagle? I haven’t heard that name in years…

It appears American Eagle (+0.9%) has still got a little bit of fight left in it. The mall retailer is suing Amazon, claiming the e-comm giant infringed on its Aerie trademark. Amazon has been luring shoppers with “Aerie” ads, even though American Eagle doesn’t sell on the platform. When shoppers try to buy “Aerie,” they are offered fake merch.

The best part? When American Eagle asked Amazon to get it’s sh*t together, Andy Jassy and Co. just re-labeled the products with misspelled versions like “Aeries,” “Arie,” or “Aries.”

+ This couple in their 40s is worth nearly $1 million. Why they’re actually ‘broke’ according to one expert. Let me guess, dad likes betting the ponies and the smell of c*caine?

+ The Magic Words in a Listing That Can Save You More Than $38,000 on a Home. It’s ‘I’ll suck yo d*ck man’ isn’t it?

+ 5 Housing Markets That Will Plummet in Value Before the End of 2025. Remember, kids: buy high, sell low.

🔥 Here’s how much income most Americans say they need to curb ‘expense anxiety.’ Where the hell do these people live?

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

⏪ Yesterday, Micron reported earnings after the close. And we heard from Zuck at Meta’s Connect event.

⏩ Today we’re keeping an eye on…

+ Accenture reports before the open

+ Costco drops earnings after the close

+ Southwest Airlines holds its investor day. Friendly reminder: Elliott Management is set to go nuclear in its fight to oust management and replace the board.

+ J-Poww delivers a (pre-recorded) speech

Yesterday, I asked, “Would you rather have an extra $1 million in retirement savings or 3 more healthy years?”

Shocked at how close this was. Thought years would win in a landslide. 61.3% of you are taking 3 more healthy years.

Only one response that really matters today…

• 3 years: "Being treated for cancer now brings new meaning to live long and prosper. I take the 3 years now and would pay $1m." I think I speak for all the weekday warriors when I say, GET BETTER. You’re going to beat this. We’re all in your corner, my man.

And here’s today’s questions…

+ Zoom calls really are just modern-day seances…

🔥 It is expensive af to raise a kid, and I’ve got receipts

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.