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Downsized Economy
Tech stocks had rough earnings yesterday, investors were lovin' McDonald's results, the US economy shrank, Biden wants more money for Ukraine, Twitter canceled its earnings call, the FDA advanced its ban on menthol cigarettes, and Robinhood's stock price keeps on dropping.
Seize The Memes of Production
Yesterday was wild, to say the least. Elon Musk is acquiring Twitter, NFT holders lost millions after the BAYC Instagram got hacked, DeSantis signed the bill to strip Disney of self-governing status, GM's Corvette is going electric, and Trump has no plans to return to Twitter.
Musk x Gates Beef
Several large cap tech companies report earnings this week, Musk is beefing with Bill Gates due to his Tesla short, Musk is also in talks with Thoma Bravo about partnering on his Twitter bid, Macron won the French election, and Lockheed Martin reached a deal with its union.
25% Off Netflix (Stock)
Netflix stock fell by more than 25% on a decline in subscribers, Uber and Lyft removed mask mandates, DeSantis threatened Disney's special status in Florida, Musk is willing to invest up to $15B of his own money in Twitter, and Chipotle launched a venture fund, and Goldman is finally raising banker dining allowances by $5.
Mask Off: Airline Edition
Adios flight mask mandates, corn is getting expensive, Abramovich heads back to Kyiv, Rivian's CEO warns of a battery shortage, Amazon workers in NJ will vote on unionizing, Apollo wants to get in on the Twitter action, and we have a big earnings lineup today.
Poison Pilled
It's tax day, Twitter's board adopts a poison pill to discourage Musk's (or others') takeover bid, China Eastern put Boeings back in the air, Beijing's crackdown hurt Alibaba's profits, the Evergreen ship is no longer stuck in the Chesapeake, and Thoma Bravo might make its own Twitter bid.
‘Twas a Musky Thursday
Twitter is hosting an employee town hall regarding Musk's bid, US mortgage rates hit 5% for the first time in a decade, bank earnings were down year over year, Peloton is raising its subscription fee, California ran on clean energy for a month, and North Korea is tied to the Axie Infinity hack.
Elon offers to buy Twitter
Elon Musk offered to buy ALL of Twitter, US travel mask mandate was extended for two weeks, Google bets big on the return to offices, the NYC subway shooter has been arrested, Apple's MacBook shipments are delayed, Amazon announced a 'fuel inflation fee,' and Starbucks may leave unions out of new benefits plans.