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[168.245.17.32]) by mx.google.com with ESMTPS id u6-20020a05622a010600b00417d6001155si5801501qtw.69.2023.09.25.04.47.29 for (version=TLS1_3 cipher=TLS_AES_128_GCM_SHA256 bits=128/128); Mon, 25 Sep 2023 04:47:29 -0700 (PDT) Received-SPF: pass (google.com: domain of bounces+6630771-530e-sterlingwhg=gmail.com@sg-email.robinhood.com designates 168.245.17.32 as permitted sender) client-ip=168.245.17.32; Authentication-Results: mx.google.com; dkim=pass header.i=@robinhood.com header.s=s1 header.b=Mqkp+RBs; dkim=pass header.i=@sendgrid.info header.s=smtpapi header.b=vakgHQve; spf=pass (google.com: domain of bounces+6630771-530e-sterlingwhg=gmail.com@sg-email.robinhood.com designates 168.245.17.32 as permitted sender) smtp.mailfrom="bounces+6630771-530e-sterlingwhg=gmail.com@sg-email.robinhood.com"; dmarc=pass (p=QUARANTINE sp=QUARANTINE dis=NONE) header.from=robinhood.com DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=robinhood.com; h=content-type:from:mime-version:subject:x-feedback-id:to:cc: content-type:from:subject:to; s=s1; bh=0PikD83tj9kLutAkzwlRoIIf8C8UVZElBOS0BtQ0wpg=; b=Mqkp+RBsz10TbdjGEKS1a0AcKRgRmGPfcMJwYNpWQp5pZdDFT9P9Qa8IHp8Dl3XGwd0S o3UOXFYhyrtC0+Uw/n36cuTxDwwKWGwHhhQqVLjffNVpwFwa3FOvRctedTl5wIJkqDAZCO uUCsjWq8HXbDwjrFkRBGKSqO2kw9N5ZMQmbM0YauBE8dYGpiNGRkwJPcrhJg7HJu+WcmSt NI0wf3Pl/n3F0ZJzDpprz/YInMwJ9/OmG2sWFBroNIxD/JBryIupY1B2b6gt8h6Aa5ax5/ Knr+sC4li/mCNEWXGa3u2hVmpT6VpseetKasn3YBdwVja1uYQ4fILk4g5VAbvfRQ== DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=sendgrid.info; h=content-type:from:mime-version:subject:x-feedback-id:to:cc: content-type:from:subject:to; s=smtpapi; bh=0PikD83tj9kLutAkzwlRoIIf8C8UVZElBOS0BtQ0wpg=; b=vakgHQveygC3RJZQAl0qG0gZC1tALl/h92vP4cAwNUwDO5JwrZf1GYTHSLV88DJO3ASe 043axclEai4foT0iNMpa4P5z3xuTDmxnuhWoo0L49P1SErNO+oFmcftad0Au9mcTQx1/8c WBBSqrLhfn8FdxsTCb3X0r3r0EnhRs0qc= Received: by filterdrecv-65c95b745b-2mh2b with SMTP id filterdrecv-65c95b745b-2mh2b-1-65117351-1E 2023-09-25 11:47:29.252143934 +0000 UTC m=+11880464.708868694 Received: from NjYzMDc3MQ (unknown) by geopod-ismtpd-canary-0 (SG) with HTTP id SVlPtCAfSDC-vf2aP0Fzyw Mon, 25 Sep 2023 11:47:29.218 +0000 (UTC) Content-Type: multipart/alternative; boundary=6bc9a9096256c9816fb69e54c50d0419ea26c62e0f94fc29b7f18e490601 Date: Mon, 25 Sep 2023 11:47:29 +0000 (UTC) From: Snacks Mime-Version: 1.0 Message-ID: Subject: =?UTF-8?B?8J+bnQ==?= The childcare cliff X-Feedback-ID: 6630771:SG X-SG-EID: =?us-ascii?Q?PWip3AaQuEbR=2FL=2FQui0b20bWQSDvtKNlxJnl8x8wiOBmc4Ghp95M+acWYJjbNL?= =?us-ascii?Q?tzKCB2Ha6josgXKapAI1WitTqbpL3wYSWoRQqSt?= =?us-ascii?Q?ONuzK28AvB01ZJzqCo3KmgWRUpKedo+1Q8LspSG?= =?us-ascii?Q?=2F1+XLtU6d+BwU8z+J41W90nYhYDm4UC=2F=2FMu0Yny?= =?us-ascii?Q?RYDbx3L+VkExol1eTBQXhI+=2F0Z1m42XHnQSlr7l?= =?us-ascii?Q?9akXazzm+nGsfMu=2FTCHvCHkNOm0fCmbks5B9Aw?= X-SG-ID: =?us-ascii?Q?N2C25iY2uzGMFz6rgvQsb7+opfd4lGOzvg5ib+Uzo94eY77pCycCKxdXkvmBUh?= =?us-ascii?Q?LTE4qXijDIn=2FAkLqB+rt1CFkvv8=2FN8HPQH65bzH?= =?us-ascii?Q?+huRdMl+4gp2Xl+GVFvtoSsCbEcbNDvpgfD=2FyWM?= =?us-ascii?Q?dqaRE1isRRiv7ePVI2IASni5pQn=2FWhtjwLjf7Aj?= =?us-ascii?Q?JIrKd8ffTGWmHhpBTZoWBAoCj+L4py8RQPU4SZU?= =?us-ascii?Q?1CHrlxUc2IV3QykCLg6z=2FW3iGTqebGL7mulsIlO?= =?us-ascii?Q?uJasjIdCf09EIHtesjxBaLjvRT0jzwFwFWDBUCj?= =?us-ascii?Q?Kdc+COEWTllLMgoYIFE3HOm2lwUozdxFX7msUzH?= =?us-ascii?Q?mYKgjYemkDITRNYw8hy7IfHRSd1Vuy2nrU38bQr?= =?us-ascii?Q?TmNQubkhfJEdAqbHh2T84u5uOiKzHw6=2FK5VriUa?= =?us-ascii?Q?pgAEB2kXvK6UaBKcmkp1kurjIL1tG5UuUisrn=2FG?= =?us-ascii?Q?3PMmTsIyui97RW8zZ5AJ30WNC61GfnQfUksdyK8?= =?us-ascii?Q?=3D?= To: sterlingwhg@gmail.com X-Entity-ID: zye8UXqvUGcUF9ZcIbeLwg== --6bc9a9096256c9816fb69e54c50d0419ea26c62e0f94fc29b7f18e490601 Content-Transfer-Encoding: quoted-printable Content-Type: text/plain; charset=utf-8 Mime-Version: 1.0 @media only screen and (min-width:480px) { .mj-column-per-100 { width: 100% !important; max-width: 100%; } .mj-column-per-50 { width: 50% !important; max-width: 50%; } }
=E2=80=A6and Amazon wants a quarter= -million holiday workers
=
<= !--[if mso | IE]>
 
=

PreK costs are rivaling college tuition= (Maskot/Getty Images)

 <= /div>
<= tbody>
Last Week=E2=80=99s Market Moves
 
Dow Jones
33,964 (-1.89%)		S&P 500
4,320 (-2.93%)		Nasdaq
13,212 (-3.62%)		Bitcoin
$26,537 (-0.35%)
Dow Jones
33,964 (-1.= 89%)		S&P 500
4,320 (-2.93%)<= /span>
Nasdaq
13,212 (-3.6= 2%)		Bitcoin
$26,537 (-0.35%)=
<= /table>

Hey Snackers,

I= f at first you don=E2=80=99t succeed: a marathoner in a homemade floating h= amster wheel was arrested by the US Coast Guard after trying= to run across the Atlantic Ocean. Authorities said it was =E2=80=9Cat leas= t=E2=80=9D the 51-year-old's fourth attempt.

The S&P 500 and= Nasdaq had their worst week since March after the Fed hinted it might keep= rates elevated for longer than traders expected, though it skipped a hike = this month. Officials are still aiming to cool inflation without triggering= a recession (aka: stick a soft landing).

Btw... D= o you want to start getting Snacks daily? Or prefer to unsubscribe? Manage = your subscription preferences here.

<= /table>
Careless
<= /tr><= /table>

Pandemic-era childcare funds a= re expiring as stimulus measures sputter out

No gold-star stic= kers=E2=80=A6 $24B in federal childcare funding is set to exp= ire on Saturday. During the pandemic, the US gov=E2=80=99t doled ou= t the grant $$ to 220K+ childcare centers to help them stay afloat. When th= e funding runs dry, 70K centers caring for 3M kids could close. Scholarship= s for daycare tuition are disappearing, too, leaving families with fewer an= d more expensive options.

  • No-go: A push for $16B in extra funding isn=E2= =80=99t likely to succeed anytime soon, as childcare measures struggle to w= in bipartisan support.

Livin=E2=80=99 on the edge=E2=80= =A6 of what=E2=80=99s being called a childcare =E2=80=9Ccliff.=E2=80=9D= The tots-watching industry lost workers when people stayed home during the= pandemic, and is still down by 65K jobs compared to early 2020. The worker= s that centers do find are asking for higher wages (it=E2=80=99s a hot labo= r market rn). But to meet higher-wage demands, center leaders say they=E2= =80=99d have to raise tuition beyond what parents could afford.=C2=A0

  • The av= erage cost of pre-K and daycare has already risen 6% this year, outpaci= ng inflation. US families spend, on average, about a quarter of their incom= e on childcare, with preschool costs hitting thousands of $$ a month in cit= ies like NYC.

  • Faced with few= er options, parents may leave the workforce to care for their kids them= selves. Early in the pandemic, lots of caregivers =E2=80=94 mostly mothers = =E2=80=94 made that trade-off once schools and daycares closed. Women=E2=80= =99s labor-force participation has since rebounded to record levels, but an= other mass exodus could reverse the gains.

    • THE TAKEAWAY

    Wakin=E2=80=99 from a long nap time can be rough=E2=80=A6 Af= ter years of gov=E2=80=99t aid, the last of the pandemic stimulus measures = are sputtering out (student-loan repayments also start back up next month a= fter a three-year pause), stretching thin budgets thinner. Americans=E2=80= =99 savings rate has plunged as inflation and high interest drain stockpile= s (remember stimulus checks?). Now folks may have to tighten their belts fu= rther =E2=80=94 especially if they=E2=80=99re parents with student loans.

    Sponso= red by Mode Mobile
    =
    =

    The Bigge= st Disruption To $martphones in 15 Years =F0=9F=A4=B3=F0=9F=8F=BC

    =
    Tech Startup With Traction: Turn your phone from a cost to a= n income source. Intriguing idea, isn't it? Which is why all eyes are = on the launch of Mode=E2=80=99s Pre-IPO Offering. It= =E2=80=99s the latest in a series of impressive raises among smartphone inn= ovators, likely spurred by Apple=E2=80=99s recent $3T valuation.

    M= ode saw 150x revenue growth from 2019 to 2022, a leap that has made the= m one of America=E2=80=99s fastest growing companies. Mode is on a mission = to disrupt the industry with "E= arnPhone," a budget smartphone that=E2=80=99s helped consumers earn &a= mp; save $150M+ for activities like listening to music, playing= games, and ... even charging their devices?!=C2=A0

    Early backers are= getting up to 90% bonus stock, and 12,197 shareholders already participate= d in previously sold-out allocations. = Claim an exclusive 90% bonus: $0.16/share before it=E2=80=99s sold out, = too.

    =F0=9F=93=88 Claim Exclusive = 90% Bonus: $0.16/share*

    <= /table>
    <= /table>

    <= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Zoom out
    <= /table>

    Stories we= =E2=80=99re watching

    The plot thickens=E2=80=A6 Famous aut= hors are piling into copyright-infringement lawsuits against OpenAI. George R.R. Martin, John Grisham, Elin Hilderbrand, and others sued= the ChatGPT maker last week, accusing it of illegally using their books to= train its bot. In July, Sarah Silverman and others sued OpenAI and Meta= for the same reason. If authors win, OpenAI might have to pay damages = and a licensing fee for copyrighted work. Artists have also brought suits a= gainst genAI companies. Not so coincidentally: OpenAI recently released an = update to its image generator, DALL-E, which allows artists to opt out of h= aving their work used in training.

    It takes a village=E2=80=A6= Retailers are stocking up on help this holiday szn. Last week Target said it would hire 100K extra employees as it preps for more curbside ord= ers and in-store returns. Amazon (the US=E2=80=99s #2 largest privat= e employer after Walmart) is taking on 250K+ more workers (10= 0K more than last year) and raising wages as it ramps up next-day deliverie= s. Still, holiday hiring is expected to be the lowest since 2008, and 76% o= f US adults say they plan to cut back on splurges (picture: fewer life-size= reindeer statues, no bourbon eggnog).

    <= /tr>
    <= /tbody>
    <= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Events
    <= /table>

    Coming up th= is week

    Just doin=E2=80=99 it=E2=80=A6 Nike reports Thursd= ay, after posting its first earnings miss in three years in the previous qu= arter. Inventory glut, up 23% since 2021, has been a stone in Nike=E2=80=99= s shoe. The swoosh icon has been dialing back its direct-to-consumer biz an= d repairing relationships with wholesale partners like Foot Locker a= nd Macy=E2=80=99s, hoping to clear out some excess sneakers. Analyst= s aren=E2=80=99t expecting much as US retail spending weakens, but Nike=E2= =80=99s hoping its powerful brands (like the $6.6B Jordan line) can step up= demand.

    A rollin=E2=80=99 throne=E2=80=A6 Premium-furniture m= aker MillerKnoll, which owns brands like Herman Miller and Design Wi= thin Reach, took a hit during the pandemic when its ergonomic chairs were s= itting empty. As unsold Aerons filled warehouses, MillerKnoll=E2=80=99s sal= es (and stock) sank. In major American cities the office-occupancy rate has= remained below 50% since last year, but a renewed RTO push may boost order= s (FYI: 90% of US cos say they=E2=80=99ll require some in-office days by ne= xt year). We=E2=80=99ll see whether MillerKnoll is beating its Covid hangov= er when it reports tomorrow.

    Sponso= red by The Ascent

    A cr= edit card with all the right perks.

    =C2=A0Like a $200 welcome bon= us after spending $500 within three months. This card's got a $0 annua= l fee, and gives you unlimited cash back on basically every purchase. Check it out.

    <= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">ICYMI
    <= /table>

    Last week= 9;s highlights

    • FossilFeud:= California sued Exxon, Shell, Chevron, ConocoPhillips, and B= P, saying they downplayed fossil-fuel risks. The Golden State wants the= oil titans to help pay for increasingly common climate disasters.

      • =

    • FeeRe= turns: H&M has joined a cascade of retailers = like Kohl=E2=80=99s, TJ Maxx, and JCPenney in c= harging customers for returns. With its $6 online return fee, H&M hopes= to discourage bulk buy-and-returns as shipping costs soar.

    • Thrill: Disney plans to nearly 2X its spe= nding on its parks-and-cruises biz with $60B in investments over the next d= ecade. As Disney=E2=80=99s media divisions struggle, its OG parks biz is st= ill bringing the magic.

    What else we're Snackin'

    • Unscripted: With Hollywood in a strike = standstill, fall TV lineups are filled with game shows, reality TV, and rer= uns of old faves like =E2=80=9CLaw & Order.=E2=80=9D Also on: UK versio= ns of popular sitcoms like =E2=80=9CGhosts.=E2=80=9D=C2=A0

    • Stu= ck: 45% of US adults age 18 to 29 are now living with fa= mily. Moving back in with the =E2=80=99rents is viewed as pragmatic, provid= ing a financial cushion as housing affordability sits at an all-time low.

    • Swipe: Credit-card rates (aka: APYs) hit a record 20.7% last week, adding t= o the financial strain already faced by millions of Americans. This year to= tal US credit-card debt topped $1T for the first time.

    =
    <= tr>
    Want yo= ur Snacks daily?
    =
    Get = fresh takes on financial news every week day. Try a sample:

    =F0=9F=8C=B3 Biden=E2=80=99s green-collar jobs =E2=80=A2 S= ep 22, 2023
    =F0=9F=9A=80 Rocket Lab=E2=80=99s blast was off =E2=80=A2 Sep 21= , 2023
    =F0=9F=8E=A2 Disney=E2=80=99s $6= 0B park play =E2=80=A2 Sep 20, 2023

    Subscribe to the Daily
    =
    =
    <= /table>
    Snack Fact Of the Day<= /div>

    362K workers have gone on strike this year

    <= /table>
    This Week

    • Monday: Yom Kippur. Ea= rnings expected from Thor Industries

    • Tuesday: Consumer-confidence report. Earnings expected = from Costco, Cintas, and MillerKnoll=C2=A0

      • Wednesday: Earnings expected from <= b>Paychex, Duckhorn Portfolio, and Micron

    • Thursday: Fed Chair Powell speaks. Earn= ings expected from Nike, CarMax, and Accenture

    • Friday: Earnings expected from Carn= ival

    Authors of this Snacks own shares of: Amazon, Disn= ey, Exxon, and Walmart

    *Advertiser=E2=80=99s disclosure: Please read = the offering circular and related risks at=C2=A0invest.modemobile.com. This= is a paid advertisement for Mode Mobile=E2=80=99s Regulation CF Offering.<= /p>

    <= /table>
    Sherwood Media,= LLC produces fresh and unique perspectives on topical financial news and i= s a fully owned subsidiary of Robinhood Markets, Inc., and any views expres= sed here do not necessarily reflect the views of any other Robinhood affili= ate... See more
    @media only screen and (min-width:480px) { .mj-column-per-100 { width: 100% !important; max-width: 100%; } .mj-column-per-50 { width: 50% !important; max-width: 50%; } }
    =E2=80=A6and Amazon wants a quarter= -million holiday workers
    =
     
    <= /tbody>

    PreK costs are rivaling college tuition (Maskot/Getty I= mages)

     
    <= !--[if mso | IE]>
    Last Week=E2=80=99s Market Moves
     
    <= tr>
    Dow Jones
    33,96= 4 (-1.89%)    		S&P 500
    4,320 (-2.93%)    		= Nasdaq
    13,212 (-3.62%)    		Bitcoin
    $26,537 (-0.35%)
    Dow Jones
    33,964 (-1.89%)    		S&P 500
    4,320 (-2.93%)
    Nasdaq
    13,212 (-3.62%)    		Bitcoin
    $26,537 (-0.35%)
    =
    <= /table>

    Hey= Snackers,

    If at first you don=E2=80=99t succeed: a marathoner in= a homemade floating hamster wheel was arrested b= y the US Coast Guard after trying to run across the Atlantic Ocean. Authori= ties said it was =E2=80=9Cat least=E2=80=9D the 51-year-old's fourth a= ttempt.

    The S&P 500 and Nasdaq had their worst week since March a= fter the Fed hinted it might keep rates elevated for longer than traders ex= pected, though it skipped a hike this month. Officials are still aiming to = cool inflation without triggering a recession (aka: stick a soft landing).<= /p>

    Btw... Do you want to start getting Snacks daily? O= r prefer to unsubscribe? Manage your subscription preferences here.

    3D""
    Careless
    =
    <= /table>

    Pandemic-era childcare funds are expiring as stimulus = measures sputter out

    No gold-star stickers=E2=80=A6 $24B i= n federal childcare funding is set to expire on = Saturday. During the pandemic, the US gov=E2=80=99t doled out the grant $$ = to 220K+ childcare centers to help them stay afloat. When the funding runs = dry, 70K centers caring for 3M kids could close. Scholarships for daycare t= uition are disappearing, too, leaving families with fewer and more expensiv= e options.

    • No-go: A push for $16B in extra funding isn=E2=80=99t likely = to succeed anytime soon, as childcare measures struggle to win bipartisan s= upport.

    Livin=E2=80=99 on the edge=E2=80=A6 of what= =E2=80=99s being called a childcare =E2=80=9Ccliff.=E2=80=9D The tots-watch= ing industry lost workers when people stayed home during the pandemic, and = is still down by 65K jobs compared to early 2020. The workers that centers = do find are asking for higher wages (it=E2=80=99s a hot labor market rn). B= ut to meet higher-wage demands, center leaders say they=E2=80=99d have to r= aise tuition beyond what parents could afford.=C2=A0

    • The average cost of= pre-K and daycare has already risen 6% this year, outpacing inflation. US = families spend, on average, about a quarter of their income on childcare, w= ith preschool costs hitting thousands of $$ a month in cities like NYC.

      =

    • Faced with fewer options, p= arents may leave the workforce to care for their kids themselves. Early in = the pandemic, lots of caregivers =E2=80=94 mostly mothers =E2=80=94 made th= at trade-off once schools and daycares closed. Women=E2=80=99s labor-force = participation has since rebounded to record levels, but another mass exodus= could reverse the gains.

    THE TAKEAWAY

    Wakin=E2=80=99 from a= long nap time can be rough=E2=80=A6 After years of gov=E2=80=99t aid, = the last of the pandemic stimulus measures are sputtering out (student-loan= repayments also start back up next month after a three-year pause), stretc= hing thin budgets thinner. Americans=E2=80=99 savings rate has plunged as i= nflation and high interest drain stockpiles (remember stimulus checks?). No= w folks may have to tighten their belts further =E2=80=94 especially if the= y=E2=80=99re parents with student loans.

    Sponso= red by Mode Mobile
    =

    The Biggest Disruption To $ma= rtphones in 15 Years =F0=9F=A4=B3=F0=9F=8F=BC

    Tech Startup = With Traction: Turn your phone from a cost to an income source. Int= riguing idea, isn't it? Which is why all eyes are on the launch of Mode=E2=80=99s Pre-IPO Offering. It=E2=80=99s the latest in a se= ries of impressive raises among smartphone innovators, likely spurred by Ap= ple=E2=80=99s recent $3T valuation.

    Mode saw 150x revenue growth f= rom 2019 to 2022, a leap that has made them one of America=E2=80=99s fa= stest growing companies. Mode is on a mission to disrupt the industry with = "EarnPhone," a budget smartphone that=E2=80=99s helped co= nsumers earn & save $150M+ for activities like listening to= music, playing games, and ... even charging their devices?!=C2=A0

    Ea= rly backers are getting up to 90% bonus stock, and 12,197 shareholders alre= ady participated in previously sold-out allocations. C= laim an exclusive 90% bonus: $0.16/share before it=E2=80=99s sold out, too.=

    =F0=9F=93=88 Claim Exclusive 90% Bonus: $0.1= 6/share*

    <= /div>
    <= /table>

    <= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Zoom out
    <= /table>

    Stories we= =E2=80=99re watching

    The plot thickens=E2=80=A6 Famous aut= hors are piling into copyright-infringement lawsuits against OpenAI. George R.R. Martin, John Grisham, Elin Hilderbrand, and others sued= the ChatGPT maker last week, accusing it of illegally using their books to= train its bot. In July, Sarah Silverman and others sued OpenAI and Meta= for the same reason. If authors win, OpenAI might have to pay damages = and a licensing fee for copyrighted work. Artists have also brought suits a= gainst genAI companies. Not so coincidentally: OpenAI recently released an = update to its image generator, DALL-E, which allows artists to opt out of h= aving their work used in training.

    It takes a village=E2=80=A6= Retailers are stocking up on help this holiday szn. Last week Target said it would hire 100K extra employees as it preps for more curbside ord= ers and in-store returns. Amazon (the US=E2=80=99s #2 largest privat= e employer after Walmart) is taking on 250K+ more workers (10= 0K more than last year) and raising wages as it ramps up next-day deliverie= s. Still, holiday hiring is expected to be the lowest since 2008, and 76% o= f US adults say they plan to cut back on splurges (picture: fewer life-size= reindeer statues, no bourbon eggnog).

    <= /tr>
    <= /tbody>
    <= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Events
    <= /table>

    Coming up th= is week

    Just doin=E2=80=99 it=E2=80=A6 Nike reports Thursd= ay, after posting its first earnings miss in three years in the previous qu= arter. Inventory glut, up 23% since 2021, has been a stone in Nike=E2=80=99= s shoe. The swoosh icon has been dialing back its direct-to-consumer biz an= d repairing relationships with wholesale partners like Foot Locker a= nd Macy=E2=80=99s, hoping to clear out some excess sneakers. Analyst= s aren=E2=80=99t expecting much as US retail spending weakens, but Nike=E2= =80=99s hoping its powerful brands (like the $6.6B Jordan line) can step up= demand.

    A rollin=E2=80=99 throne=E2=80=A6 Premium-furniture m= aker MillerKnoll, which owns brands like Herman Miller and Design Wi= thin Reach, took a hit during the pandemic when its ergonomic chairs were s= itting empty. As unsold Aerons filled warehouses, MillerKnoll=E2=80=99s sal= es (and stock) sank. In major American cities the office-occupancy rate has= remained below 50% since last year, but a renewed RTO push may boost order= s (FYI: 90% of US cos say they=E2=80=99ll require some in-office days by ne= xt year). We=E2=80=99ll see whether MillerKnoll is beating its Covid hangov= er when it reports tomorrow.

    Sponso= red by The Ascent

    A cr= edit card with all the right perks.

    =C2=A0Like a $200 welcome bon= us after spending $500 within three months. This card's got a $0 annua= l fee, and gives you unlimited cash back on basically every purchase. Check it out.

    <= /td>
    =
    <= /table>

    <= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">ICYMI
    <= /table>

    Last week= 9;s highlights

    • FossilFeud: California sued Exxon, Shell, Chevron, ConocoPhillips,= and BP, saying they downplayed fossil-fuel risks. The Golden St= ate wants the oil titans to help pay for increasingly common climate disast= ers.

    • FeeReturns: H&M has joined a casca= de of retailers like Kohl=E2=80=99s, TJ Maxx, and J= CPenney in charging customers for returns. With its $6 online return fe= e, H&M hopes to discourage bulk buy-and-returns as shipping costs soar.=

    • Thrill: Disney plans to nearl= y 2X its spending on its parks-and-cruises biz with $60B in investments ove= r the next decade. As Disney=E2=80=99s media divisions struggle, its OG par= ks biz is still bringing the magic.

    What else we're Snackin'

    <= !--[if mso | IE]>
    =
    Want your Snacks daily?
    The Daily Newsletter
    Get fresh takes on financial news every week day= . Try a sample:
    =

    =F0=9F=8C=B3 Biden=E2=80=99s green-collar jobs= =E2=80=A2 Sep 22, 2023
    =F0=9F=9A=80 R= ocket Lab=E2=80=99s blast was off =E2=80=A2 Sep 21, 2023
    =F0=9F=8E= =A2 Disney=E2=80=99s $60B park pl= ay =E2=80=A2 Sep 20, 2023

    Subscribe to the Daily
    <= div style=3D"background:rgb(255, 255, 255);background-color:rgb(255, 255, 2= 55);margin:0px auto;max-width:600px;">
    <= /table>
    =
    Snack Fact O= f the Day

    362K workers have gone on strike this y= ear

    <= /table>
    This Week

    • Monday: Yom Kippur. Ea= rnings expected from Thor Industries

    • Tuesday: Consumer-confidence report. Earnings expected = from Costco, Cintas, and MillerKnoll=C2=A0

      • Wednesday: Earnings expected from <= b>Paychex, Duckhorn Portfolio, and Micron

    • Thursday: Fed Chair Powell speaks. Earn= ings expected from Nike, CarMax, and Accenture

    • Friday: Earnings expected from Carn= ival

    Authors of this Snacks own shares of: Amazon, Disn= ey, Exxon, and Walmart

    *Advertiser=E2=80=99s disclosure: Please read = the offering circular and related risks at=C2=A0invest.modemobile.com. This= is a paid advertisement for Mode Mobile=E2=80=99s Regulation CF Offering.<= /p>

    Sherwood Media, LLC = produces fresh and unique perspectives on topical financial news and is a f= ully owned subsidiary of Robinhood Markets, Inc., and any views expressed h= ere do not necessarily reflect the views of any other Robinhood affiliate..= . See more
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