Summary: Digestible financial news. Get smarter fast with an entertaining breakdown of our top 3 business stories in 15 minutes. Pairs perfectly with your commute, workout, or morning oatmeal ritual. Hosted by Jack Kramer and Nick Martell.
Our “Unicorn of the Day” is Chinese coffee chain Luckin, which just raised $200M and has opened 525 stores in 9 months. Netflix had really boring earnings, but we found a romantic, action-packed, comedic international storyline. And we’ll tell you every loser and winner of Amazon Prime Day who wasn’t Amazon.
John Legend’s angelic voice. Call Centers. “Please” and “Thank You.” Amazon’s Alexa, Apple’s Siri, and Google Home voice assistants will have an impact on mankind like the 2nd internet. We break down for you the three most important changes to consumers, business, and society from voice technology.
Venmo wants to be your mobile bank, so it’s hooking up with Uber to make you like it more. Build-A-Bear announced a “Pay Your Age” teddy bear giveaway -- and everything went horribly wrong (but the stock shockingly rose). And Microsoft’s so worried you forgot about it at work, that it’s giving away Slack’s core product.
Hinge recently got acquired by Tinder-owner Match.com, but it’s bringing high-science to dating apps. Casper is ubiquitous in NYC’s subways and Millennials’ bedrooms, and it’s rolling out “napping pods” to get you hooked. And Alphabet’s two world-changing projects are moving from the R&D department to the “real company” department.
Postmates (the Uber for restaurant pick-up and delivery) will expand to 50 percent of all US households and launched a partnership with Chipotle. HBO’s new boss has some ridiculous demands to grow its video content faster (employees there probably hate him). And PepsiCo’s snacks and healthier drinks keep getting held back by its sugary old school sodas nobody wants anymore.
Xiaomi -- hard to pronounce, but critical to know -- is the “Apple of China,” and its Initial Public Offering went really, really badly. Back in the US, a developer noticed a coding feature in Snapchat that’s a sign of a big new move that could involve Amazon. And we break down a key investing insight on big stocks vs. small stocks in the Trade War era.
Yes, you can buy stock in an Italian soccer club (Cristiano Ronaldo messed with Juventus FC’s share price last week). Nike and Adidas are battling for the jersey championship (we think we know the winner). And tournament sponsor Budweiser gets a yellow card for flagrantly spending money on marketing everywhere to everyone.
National Beverage Corp has cornered the market of sparkling water while it’s CEO has tested the limits of free speech. The United States imposes tariffs officially today against China while it potentially eliminates tariffs with Europe for cars. And Netflix needs to figure out how much to charge for its ultra premium subscription level, and it’s using Europe as a test place to figure it out.
Fiat has no idea how to sell its tiny cars to Americans… but it’s legally obligated to keep trying. Amazon claims its big “Prime Day” is July 16th (it’s actually already started -- we give you what you gotta know). And Nestlé is miserably trying to fight off an activist investor who’s publicly shaming management to break up the Kit Kat maker.
With Lyft’s app, bike-share programs can finally scale. We’re excited by Chipotle’s new menu, but they’re kind of just a tease. And America should prepare for more Corona as Constellation Brands expands its beer, booze, and bud.
For 4th of July week, we’re focused on the beef industry that dominates in the US economy. Our take is that poultry and science-y plant-based meats will eat away at its market share. Big time.
General Mills salvages its Greek yogurt game with a "hero" recipe. Amazon's “Alexify-ing” prescription drugs -- And it’s outsourcing some delivery to get entrepreneurs starting their own shipping businesses.
The first ever MarketSnacks Debate: For and Against the merger of T-Mobile and Sprint. Blume is a new company offering subscription boxes and information to help parents help teens with puberty. And Facebook’s decided its all-out ban on ads for cryptocurrencies was overkill.
General Electric is shrinking from XL to a M (at best) now that’s it not in the Dow. Lennar Corp is benefiting from a huge housing shortage as it chugs out 12k new homes per quarter for Millennial first-time home buyers. And Chanel needed to kill rumors that it’s lost its mojo by showing off its earnings for the 1st time ever.
Ziosk tablets are changing the restaurant dining industry for better and for worse. Carnival Cruises has 3 icebergs that caused shares to drop 10%. And Harley Davidson responded to the Trump tariffs by moving production overseas