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=E2=80=A6and Tesla=E2=80=99s batter= y-subsidy blues
<= table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation= " width=3D"100%">
=
 

Stay-tion nation (= Timothy A. Clary/Getty Images)

=  
<= /table>
<= /table>
Last Week=E2=80=99= s Market Moves
 
Dow Jones
36,248 (+0.01%)		S&= P 500
4,604 (+0.21%)<= /span>		Nasdaq14,404 (+0.69%)= Bitcoin
(+14.82%)
<= td>Dow Jones
36,248 (+0.01%)<= td>Nasdaq
14,404 (+0.69%)
= S&P 500
4,604 (+0.21%)
Bitcoin
$44,439 (+14.82%)
<= table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation= " width=3D"100%">

Hey Snackers,

As if weddings weren=E2=80=99t pric= ey enough, some couples are paying thous= ands for =E2=80=9Csocial media concierges.=E2=80=9D They=E2=80=99re like we= dding photographers, but armed with iPhones and hashtags =E2=80=94=C2=A0bec= ause horizontal pics just aren=E2=80=99t right for the =E2=80=99Gram.

Stocks ticked up slightly last week while key labor reports showed more ev= idence of a cooling job market. Meanwhile, <= b>bitcoin hit a 20-month high as traders eyed a potential spot bitc= oin ETF approval next month.

=F0=9F=91=8B We'd love to get to kn= ow you! Help us make Snacks better by taking our 10-minute survey.=

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

Stayin=E2=80=99
<= /tbody>
<= /table>

After years of reco= rd quit rates, US workers are hunkering down for the Big Stay

= Stuck to the swivel chair=E2=80=A6 During the stimulus-packed pandemic,= employers navigated record worker turnover and struggled to hire as wages = rose. Now, some companies are facing the opposite problem: nobody wants to = quit anymore. For four months in a row, quitting #s have held steady at the prepandemic rate of 2.3% as workers put a lid o= n the Great Resignation and ushered in the Big Stay.

  • Peacing out: During= the =E2=80=9Csee ya=E2=80=9D days of labor, the monthly quit rate reached = highs of 3% as workers searched for greener, more-remote-friendly pastures.=

  • Staying put: Over 50M U= S workers quit last year, up from 2021=E2=80=99s ~47M. But this year, 73% o= f workers said they=E2=80=99ll stay at their jobs, up from 61% =E2=80=94=C2= =A0even as return-to-office mandates intensify.

  • Passive pushout: Bank of America announced plans to = cut headcount through a wait-=E2=80=99em-out approach this year, but so far= it=E2=80=99s seen record low attrition. Elsewhere, hiring has slowed signi= ficantly (seasonal hires are the lowest since 2013). Now layoffs are climbi= ng =E2=80=94 up 24% last month from October.

The devil y= ou know=E2=80=A6 Don=E2=80=99t get it twisted: workers aren=E2=80=99t s= ticking around for the stale coffee. Job satisfaction has slumped 10% this = year =E2=80=94 the lowest since early 2020 =E2=80=94 as inflation waters do= wn paychecks and RTO plans have workers remembering why they don=E2=80=99t = sit in traffic by choice. Meanwhile, 40% of Americans have run out of their= pandemic savings, student-loan repayments have resumed, and folks have rac= ked up a record $1T+ in credit-card debt. It=E2=80=99s hard to give up a st= able paycheck.

THE TAKEAWAY

Changing course is risky in a storm=E2=80=A6 Labor report= s last week showed that job openings dropped to 8.7M in October =E2=80=94 t= heir lowest level since March 2021. And employers added only 199K jobs in N= ovember, the second straight month in which job gains fell under their annu= al average. While this year=E2=80=99s wage gains are the smallest in three = years, a lot of workers have decided they=E2=80=99re better off staying tha= n jumping ship when the ocean=E2=80=99s choppy.

Sponso= red by Nasdaq
<= div style=3D"font-family:'General Grotesque', Arial;font-size:16px;font-wei= ght:400;line-height:24px;text-align:left;color:#000000;">

On the hunt = for trade ideas? Real-time market data from Nasda= q offers insight into what other traders are doing. By analyzing other = traders=E2=80=99 open orders, you can identify how supply and demand might = drive future trends and shifts.

Don=E2=80=99t fall prey to herd menta= lity =E2=80=94 pounce on new trading opportunities with Nasdaq TotalView.

If you haven=E2=80=99t us= ed TotalView, you can give it a test drive with= Nasdaq Bookviewer.

<= /tr>

Don=E2=80=99t= trade with the herd, trade like an apex predator

<= /table>
=

<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #1C1C1C; 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

Made in Ameri-cars=E2=80=A6 The take-= home price of some electric vehicles could pop next month after the Biden a= dmin updated tax-credit rules. EVs with China-made battery parts won=E2=80= =99t be eligible for the full $7.5K discount that sellers factor into stick= er prices. Many models could be affected since two-thirds of the world=E2= =80=99s battery cells are made in China. Tesla said the credit for its Model 3 w= ill be halved to $3,750. The admin=E2=80=99s move is meant to support made-= in-the-USA cars, but EV growth has been cooling, and this is another bump i= n the electric road.

Upcycling Pixars=E2=80=A6 =E2=80=9CSoul,= =E2=80=9D =E2=80=9CTurning Red,=E2=80=9D and =E2=80=9CLuca=E2=80=9D skipped= a wide theatrical release during the pandemic and went directly to streami= ng on Disney+. But the critically acclaimed trio is heading to the big scre= en, one each month from January to March. Disney, which has ramped up investme= nts into its profitable parks, could be looking to milk some $$ from its no= t-so-magical movie-and-media biz: its film division hasn=E2=80=99t turned a= profit in over a year, with recent duds including =E2=80=9CWish=E2=80=9D a= nd =E2=80=9CThe Marvels=E2=80=9D =E2=80=94 the MCU=E2=80=99s lowest-grossin= g flick.

<= /tr>
<= /tbody>
<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #1C1C1C; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Events
<= /table>

Coming up th= is week

Unlimited breadsticks=E2=80=A6 limited budgets. Ol= ive Garden parent Darden served up 11% sales growth in September, but appetite= for its fine-dining chains (like Capital Grille) fell. It=E2=80=99s bad ti= ming because Darden recently bought fancy steakhouse Ruth=E2=80=99s Chris f= or $715M. Casual chains like Olive Garden and LongHorn enjoyed sales growth= , fueled partly by pricier menus =E2=80=94=C2=A0but consumers ordered fewer= boozy bevs and cheaper entr=C3=A9es. We=E2=80=99ll see whether diners kept= choosing the Tour of Italy over a $55 rib eye when Darden reports Friday.<= /p>

Knock, knock=E2=80=A6 Lennar= (the No. 2 US homebuilder) drops quarterly #s Thursday. In Septemb= er, Lennar topped profit expectations as record-low housing inventory helpe= d boost new-home orders by 37%. Deliveries jumped, but revenue fell after t= he average sale price of its homes dropped to $448K from $491K a year earli= er. With mortgage rates at 20+ year highs, homebuilder confidence has falle= n to its lowest level since January. While analysts think Lennar could buil= d up a beat when it reports, earnings are expected to dip.

What else we're Snackin'

  • Buzzword: SEC boss Gary Gensler warned = companies against =E2=80=9CAI washing=E2=80=9D =E2=80=94=C2=A0making bogus = AI claims to capitalize on hype. Brands are racing to associate themselves = with the tech (think: =E2=80=9CAI-powered=E2=80=9D anything).

  • Cheer: This office-holiday-p= arty szn, employers are increasingly opting for booze-free gatherings (pict= ure: pickleball lessons, guac parties). Bosses hope employees will build bo= nds beyond the Zo= om basics.

  • Temp<= /u>: The US is facing a dire nurse shortage as a visa backlo= g delays the arrival of 10K foreign workers. Hospitals have looked abroad t= o fill roles after 100K nurses left their jobs during the pandemic.

=
=
Want your Snacks daily?
The Daily Newsle= tter
Get fresh takes on fi= nancial news every week day. Try a sample:

=F0=9F=8D=BD=EF=B8=8F Ozempic-era food =E2= =80=A2 Dec 8, 2023
=F0=9F=92=8A CVS=E2=80=99 pill-pric= ing overhaul =E2=80=A2 Dec 7, 2023
=F0=9F=AA=AB Tesla=E2=80=99s subsidy bl= ues =E2=80=A2 Dec 6, 2023

Subscribe to = the Daily
=
<= /table>
= <= td align=3D"center" class=3D"light" style=3D"font-size:0px;padding:10px 25p= x;padding-top:24px;padding-right:0;padding-bottom:24px;padding-left:0;word-= break:break-word;">

Snack Fact Of the Day

Hallmark=E2= =80=99s releasing 40 new original movies this holiday season

=
<= /table>
<= /tr>
This Week

  • Monday: Earnings expec= ted from Oracle

  • Tuesd= ay: November core consumer price index

  • Wednesday: November producer price index. Earnings expec= ted from Adobe

  • Thursd= ay: Earnings expected from Costco and Lennar

  • Friday: Initial jobless claims. Earn= ings expected from Darden Restaurants

Authors of thi= s Snacks own bitcoin and shares of: Disney and Tesla

<= div style=3D"font-family:'General Grotesque', Arial;font-size:9px;font-weig= ht:400;line-height:20px;text-align:left;color:rgb(106, 114, 120);">Sherwood= Media, LLC produces fresh and unique perspectives on topical financial new= s and is a fully owned subsidiary of Robinhood Markets, Inc., and any views= expressed here do not necessarily reflect the views of any other Robinhood= affiliate... See more=
--ada0031aae0cecf05b64b3200acd2326ce53aac18cdb3ae7b9776e47a4bd Content-Transfer-Encoding: quoted-printable Content-Type: text/html; 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 Tesla=E2=80=99s batter= y-subsidy blues
<= table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation= " width=3D"100%">
= 202;
<= td style=3D"vertical-align:top;padding:0;">
=

Stay-tion nation (Tim= othy A. Clary/Getty Images)

= 202;
<= div style=3D"background:rgb(255, 255, 255);background-color:rgb(255, 255, 2= 55);margin:0px auto;max-width:600px;">
Sponsored by
=
Last Week=E2=80=99s Market Moves
 
Nasdaq
14,404 (+0.69%)
Dow Jones
3= 6,248 (+0.01%)<= /td>		S&P 500
4,604 = (+0.21%)		Bitcoin
$44,439 (+14.82%)
Dow Jones
36,248 (+0.01%)		S&P 500
4,604 (+0.21%)
Nasdaq
14,404 (+0.69%)		Bitcoin
$44,439 (+14.82%)
<= /table>
<= /tr>

Hey= Snackers,

As if weddings weren=E2=80=99t pricey enough, some cou= ples are paying thousands for =E2=80=9Csocial= media concierges.=E2=80=9D They=E2=80=99re like wedding photographers, but= armed with iPhones and hashtags =E2=80=94=C2=A0because horizontal pics jus= t aren=E2=80=99t right for the =E2=80=99Gram.

Stocks ticked up slight= ly last week while key labor reports showed more evidence of a cooling job = market. Meanwhile, bitcoin hit a 20-mo= nth high as traders eyed a potential spot bitcoin ETF approval next month.<= /p>

=F0=9F=91=8B We'd love to get to know you! Help us make Snacks b= etter by taking our 10-minute survey.

= Btw... Do you want to start getting Snacks daily? Or prefer to uns= ubscribe? Manage your subscription preferences here.

3D""
<= /table>

After years of record quit rates, US workers are hunke= ring down for the Big Stay

Stuck to the swivel chair=E2=80=A6= During the stimulus-packed pandemic, employers navigated record worker= turnover and struggled to hire as wages rose. Now, some companies are faci= ng the opposite problem: nobody wants to quit anymore. For four months in a= row, quitting #s have held steady at the prepandemic= rate of 2.3% as workers put a lid on the Great Resignation and ushered in = the Big Stay.

  • Peacing out: During the =E2=80=9Csee ya=E2=80=9D days of l= abor, the monthly quit rate reached highs of 3% as workers searched for gre= ener, more-remote-friendly pastures.

  • Staying put: Over 50M US workers quit last year, up from 2021= =E2=80=99s ~47M. But this year, 73% of workers said they=E2=80=99ll stay at= their jobs, up from 61% =E2=80=94=C2=A0even as return-to-office mandates i= ntensify.

  • Passive pushout: Bank of A= merica announced plans to cut headcount through a wait-=E2=80=99em-= out approach this year, but so far it=E2=80=99s seen record low attrition. = Elsewhere, hiring has slowed significantly (seasonal hires are the lowest s= ince 2013). Now layoffs are climbing =E2=80=94 up 24% last month from Octob= er.

The devil you know=E2=80=A6 Don=E2=80=99t get it= twisted: workers aren=E2=80=99t sticking around for the stale coffee. Job = satisfaction has slumped 10% this year =E2=80=94 the lowest since early 202= 0 =E2=80=94 as inflation waters down paychecks and RTO plans have workers r= emembering why they don=E2=80=99t sit in traffic by choice. Meanwhile, 40% = of Americans have run out of their pandemic savings, student-loan repayment= s have resumed, and folks have racked up a record $1T+ in credit-card debt.= It=E2=80=99s hard to give up a stable paycheck.

THE TAKEAWAY

Changing course = is risky in a storm=E2=80=A6 Labor reports last week showed that job op= enings dropped to 8.7M in October =E2=80=94 their lowest level since March = 2021. And employers added only 199K jobs in November, the second straight m= onth in which job gains fell under their annual average. While this year=E2= =80=99s wage gains are the smallest in three years, a lot of workers have d= ecided they=E2=80=99re better off staying than jumping ship when the ocean= =E2=80=99s choppy.

=
=
Sponso= red by Nasdaq
<= div style=3D"font-family:'General Grotesque Bold', Arial;font-size:24px;fon= t-weight:700;line-height:32px;text-align:left;color:#000000;">

Don=E2=80= =99t trade with the herd, trade like an apex predator

On the h= unt for trade ideas? Real-time market data from Nasdaq offers = insight into what other traders are doing. By analyzing other traders=E2=80= =99 open orders, you can identify how supply and demand might drive future = trends and shifts.

Don=E2=80=99t fall prey to herd mentality =E2=80= =94 pounce on new trading opportunities with Nasdaq TotalView.
If you haven=E2=80=99t used TotalView, you can give it a test drive with N= asdaq Bookviewer.

<= /table>
<= table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation= " width=3D"100%">

<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #1C1C1C; 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

Made in Ameri-cars=E2=80=A6 The take-= home price of some electric vehicles could pop next month after the Biden a= dmin updated tax-credit rules. EVs with China-made battery parts won=E2=80= =99t be eligible for the full $7.5K discount that sellers factor into stick= er prices. Many models could be affected since two-thirds of the world=E2= =80=99s battery cells are made in China. Tesla said the credit for its Model 3 will be halv= ed to $3,750. The admin=E2=80=99s move is meant to support made-in-the-USA = cars, but EV growth has been cooling, and this is another bump in the elect= ric road.

Upcycling Pixars=E2=80=A6 =E2=80=9CSoul,=E2=80=9D = =E2=80=9CTurning Red,=E2=80=9D and =E2=80=9CLuca=E2=80=9D skipped a wide th= eatrical release during the pandemic and went directly to streaming on Disn= ey+. But the critically acclaimed trio is heading to the big screen, one ea= ch month from January to March. Disney, which has ramped up investments into its prof= itable parks, could be looking to milk some $$ from its not-so-magical movi= e-and-media biz: its film division hasn=E2=80=99t turned a profit in over a= year, with recent duds including =E2=80=9CWish=E2=80=9D and =E2=80=9CThe M= arvels=E2=80=9D =E2=80=94 the MCU=E2=80=99s lowest-grossing flick.

<= /tr>
<= /tbody>
<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #1C1C1C; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Events
<= /table>

Coming up th= is week

Unlimited breadsticks=E2=80=A6 limited budgets. Ol= ive Garden parent = Darden served up 11% sales growth in September, but appetite for it= s fine-dining chains (like Capital Grille) fell. It=E2=80=99s bad timing be= cause Darden recently bought fancy steakhouse Ruth=E2=80=99s Chris for $715= M. Casual chains like Olive Garden and LongHorn enjoyed sales growth, fuele= d partly by pricier menus =E2=80=94=C2=A0but consumers ordered fewer boozy = bevs and cheaper entr=C3=A9es. We=E2=80=99ll see whether diners kept choosi= ng the Tour of Italy over a $55 rib eye when Darden reports Friday.

<= b>Knock, knock=E2=80=A6 Lennar= (the No. 2 US homebuilder) drops quarterly #s Thursday. In Septemb= er, Lennar topped profit expectations as record-low housing inventory helpe= d boost new-home orders by 37%. Deliveries jumped, but revenue fell after t= he average sale price of its homes dropped to $448K from $491K a year earli= er. With mortgage rates at 20+ year highs, homebuilder confidence has falle= n to its lowest level since January. While analysts think Lennar could buil= d up a beat when it reports, earnings are expected to dip.

What else we're Snackin'

  • Buzzword: SEC boss Gary Gensler warned com= panies against =E2=80=9CAI washing=E2=80=9D =E2=80=94=C2=A0making bogus AI = claims to capitalize on hype. Brands are racing to associate themselves wit= h the tech (think: =E2=80=9CAI-powered=E2=80=9D anything).

  • Cheer: This office-holiday-party= szn, employers are increasingly opting for booze-free gatherings (picture:= pickleball lessons, guac parties). Bosses hope employees will build bonds = beyond the Zoom<= /a> basics.

  • Temp<= b>: The US is facing a dire nurse shortage as a visa backlog delays the= arrival of 10K foreign workers. Hospitals have looked abroad to fill roles= after 100K nurses left their jobs during the pandemic.

=
Want yo= ur Snacks daily?
The Daily Newsletter
Get fresh takes on financia= l news every week day. Try a sample:

=F0=9F=8D=BD=EF=B8=8F Ozempic-era food =E2=80=A2 Dec= 8, 2023
=F0=9F=92=8A CVS=E2=80=99 pill-pricing overhaul =E2=80=A2 = Dec 7, 2023
=F0=9F=AA=AB Tesla=E2=80=99s subsidy blues =E2=80=A2 = Dec 6, 2023

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

Hallmark=E2=80=99s releasing= 40 new original movies this holiday season

<= /table>
<= /tr>
This Week

  • Monday: Earnings expec= ted from Oracle

  • Tuesd= ay: November core consumer price index

  • Wednesday: November producer price index. Earnings expec= ted from Adobe

  • Thursd= ay: Earnings expected from Costco and Lennar

  • Friday: Initial jobless claims. Earn= ings expected from Darden Restaurants

Authors of thi= s Snacks own bitcoin and shares of: Disney and Tesla

Sherwood Media, LLC produces fresh and unique perspectives o= n topical financial news and is a fully owned subsidiary of Robinhood Marke= ts, Inc., and any views expressed here do not necessarily reflect the views= of any other Robinhood affiliate... See more
<= a href=3D"https://sg.robinhood.com/ls/click?upn=3D6fntGirSE5selsQKrSSUHhlVH= SZUg2RjnmzAANAYlJXYYgyWQ1sztkfLzoo9man-2BzwdxYNvahXTwy6qYRP0NJwUIuzFph-2Fsh= hNhW8ZbJVxVXIs-2FOEzs23NnC6Z-2FRLBm-2Be1jCutY2WGHxMyMJbVffSw-3D-3DNX0g_y6r4= Y-2Fjyz39fUgiIVZvxszI1-2BOksX762wK6L32M97xgJ-2FnBU-2Fpq1oGUBER66ULtnD8zxlzX= B9FuA01rAdDFDAotoi5wG8E5iHM-2FulBMRA3zlNEKpKlNDKFOhoIRHebJpW1HHsEhvhPpV9by3= jiHFQpD-2FsTn329wXysJPZ0cLCRz821EEC-2BBRIZiRr1KRIpWWoo2ixn1d2Q9W0xq62h-2BXu= 9tIQ2vZBWABrZHosbMkhWeKX3M4e73-2BKhvaUSKRpYy-2FqIGuVHAc7XYZmBN7hIr9MOj-2FpT= 7hkysqVtJtD9TM73PW8s1rjXpO-2FJDTxwXxda93xsa-2F4WP-2BR7YQGSq1860A3mSIzN872qm= ExIfjvRscv-2FrbUENKgxWbJKGbWChnqBw7JQVxA4w5tnIYqklk1aDgTkcKZs412Q30W6LvT1mY= yRiN0Y9DhW1Bn5Kbz6qcaiFAiKpCdgw0Ha9akY-2Bp3M7JAuIqUgYbPmWIkkIR2vyIXcHGo6P0u= DSEjUipB-2BuToY389nLiSH3eu-2BuUmNGDVWpV4cIsY69NYdSeUCYejFp0racbiA3pBQ4yqNua= W1QpOmnCsO7l6ExPbrwc62c6Iwx2cLZ-2B1QSVTMLnvMarfyDEGLJtCmMOGPwUDArvsmA2UE1BM= qPKr1vQehNfy18FKhOg-2FKV3aZhBb6qKdb-2FKJzkoLExs0qwCFSlTxwhbQIH6B17z8tap74Dj= -2B2tPBFjzSzgMlw-3D-3D" style=3D"color: #26A19B; text-decoration: none; fon= t-weight: bold;" target=3D"_blank" rel=3D"noopener" class=3D"disclosureLink= sFirst">Sherwood Terms and Conditions =E2=80=A2 Our Editorial Principles&nbs= p;=E2=80=A2 Contact Us =E2=80=A2 Privacy Policy =E2=80=A2 Advertise with us
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