This is Nick, this is Jack, and this is Snax Daily, it is Thursday, September 24th. Nick, this is the best one yet. Jack You're so right. TVO Why what are we got for our story? Tesla finally had its hugely hyped battery day on Tuesday.

Yes, it did. But that stock actually fell because Elon just wasn't being Elon. For our second story, it's the IPO, the day good. Rex has the prescription for prescription drug prices, Jack. Here's how it goes. You prescribe online, sell them directly, hydrate, wait two to three days and then pop fifty three percent on the IPO for a third. And final story, General Mills is the cereal king and they made a comeback during the pandemic.

But General Mills has got to keep you indulging. So they're making up business words and crossing yogurt with candy. Very intriguing.

It's a wonderfully well balanced mix of stories today, Jack. But before we jump into all that, we talk emoji snackers.

We do this about every year. We got new emoji coming in. Twenty, twenty one. It's official. That's right. There are two hundred and seventeen new images that are going to be plopping down in your group in the next few months. The Unicode Consortium is a secret nonprofit group based in Mountain View, California. We think their HQ boardroom is in a volcano. Nothing we're more skeptical of than a company who's based in L.A.. Now, the goal of this consortium is let people of any language across the whole world communicate with a common language.

And that's why the international sign language crew hates emoji.

Like we're doing this like a hundred years ago. It is for a while over here. By way, the members of that Unicode Consortium, it includes Apple, Google, Netflix, Facebook, Tinder, also the University of California Emoji Pedia, and surprisingly, the Bangladesh Computer Council.

No joke. We also know is the government of India is involved. There's about 30 members. But the Unicode Technical Committee meets Quarterly to decide what characters deserve to be enshrined into the emoji keyboard on your phone.

And once a quorum of one half of the consortium has voted yes, that their image thus become an emoji.

And heretofore there by the twenty twenty one class of new emoji is all about exclusivity and jumped in snacks. How they're going to have dozens of versions of same sex couples and a woman with a beard is a hard between the same sex couple. There's also a heart with a bandage on it and a head that is in some clouds, both of which sound concerning. Does a heart with a bandage on it mean my heart was broken, but I'm like healing?

Or is the heart with the bandage related to the heart that already exist that's just cracked open?

I don't know. But we're going to start lobbying the Bangladesh Computer Council to see if we can get t boy enshrined in the emoji, start answering our faxes. Let's hit our three stories. You tune in this next day. He spoke to the lawyers and we got to get some legal on the way about about way Ray Candy. They don't reflect the views of her family. It's all informational. Just so you know, we're not recommending any securities. Nope.

It's not a research report or investment advice, not an offer of a sale of security by what's next is digestible business news for you. Finance, LLC member Fagbug ABC. For our first story we got Tesla's stock fell ten percent after Battery Day, which had little substance, just a whole bunch of words.

But those words did show how Tesla could in ten years maybe become the most profitable car company in the world kind of snackers. This is your classic classic Hollywood tale of hype versus humble.

On Tuesday, Tesla announced a goal, just a goal. And that goal is to dramatically lower the cost of car batteries. They didn't unveil a Model five or a self-driving solar powered podcast studio. Again, we tweeted this a bunch. It hasn't happened. We're shocked. It was all about batteries because in twenty nineteen, the average car battery for an electric car was fifteen thousand dollars, just the battery. And that's why those electric cars are so expensive.

You got to put so many of the Duracell bunnies into the car. But Elon implied on Tuesday that in three years, Tesla will figure out how to cut the cost of a battery by sixty seven percent to just five thousand dollars. And that's a key change because it means that Tesla's affordable ish car, which is thirty five thousand dollars, could drop down to twenty five thousand dollars. And then we could call it affordable with no need for an issue, no need for an asterisk, nothing adjusted about it.

So snackers, that was the hype. That was the hype. And it was all Tesla.

In three years, Tesla will have game changing battery technology. They announced that on Tuesday. But then came the humble and the humble. Didn't come from Tesla, came from our buddies over at Volkswagen. VW told us that this year they will have an electric crossover SUV available.

It's called the ID for they're so humble they didn't even put any effort into the name ID for Jack.

Take me to your leader.

Tesla announces something that's going to come in three years. Maybe Volkswagen announces something that's going to come in three months. Yes.

Weird name, but it's your basic SUV, not a gas guzzler. All electric. Forty. So Battery Day, which was on Tuesday, was all words from Elon and his track record on words and honesty is kind of mixed.

So Jack and I go over to our accountability board where we tack on every single thing. Elon Musk has tweeted to see if it actually happened a year later.

Well, one big promise. He actually honored that you would have car factories for Tesla on three different continents. You got a real thing. Take out one in the US. He got one in China and you got like factory being worked on outside of Berlin there, close to the ribbon cutting. But then other Tesla promises we have actually covered on this podcast from the past. Yes, we have. And they are as empty as a hollow egg. Jack, can you bring me back to twenty nineteen in April?

Twenty nineteen, Elon said that there would be one million Tesla self-driving robot taxis on the road. Yes, he did. This year in twenty twenty. Jack, could you fast forward then from there to April. Twenty twenty a year later, Elon doubled down on that promise, despite the insanely unlikely odds it would come true. Jack, I'm looking out my window. I'm seeing a lot of scooters. I'm seeing no Tesla taxis. Elon, you got three months to get a million self-driving Tesla robot taxis on the road and we'll put it on the whiteboard.

So, Jack, what's the takeaway for our buddies over Tesla? Tesla stock price today assumes perfection for the next ten years. Snackers Tesla is already the most valuable car company on Earth, worth three hundred and sixty five billion dollars.

Translation, please. Forty lifts. That's what Tesla is worth. Yesterday, they showed how they can become the most profitable car company, not just the most valuable. Elon also predicted on Tuesday that they would make twenty million cars per year by the year 2030. Spread a little context on this thing. Toyota, the most profitable car company on Earth, makes ten million cars per year.

Half of that Tesla plans to make double what Toyota makes. And Toyota is, except for its stock price, the best car company in the world. And if Elon wants to get an A on our accountability board, it's going to require 50 percent growth per year for 10 straight years. So it is possible to grow 50 percent because Tesla did it from twenty eighteen to twenty nineteen. They increase the number of cars produced by 50 percent. But each year it's going to become harder and harder to match that 50 percent growth as you get, because Tesla is already the most valuable car company in the world.

But to become the most profitable, it needs insane growth every year for a full decade. Sounds hype ish for our second story. Good. Our stock surged fifty three percent on its IPO because it is the rare profitable tech company. It's the Expedia for health care because it allows comparison shopping for prescription drugs. A good hour is not to be confused with the bar. That's right. Good.

Or doesn't include three egg whites, eight almonds, two dates and nothing else. Full disclosure, snacker Jack and I have one of those maple bars.

We have to delay the pot to ours because we can't open our mouths that just wait until you done before we keep.

It's that date, Saraph. It really gets your jaw stuck.

And really the prescription drug prices are like the most hated thing in the country behind. Like, I know you're thinking. I know you're having a typo in your password and then I'm asking you to refill your username and your password.

But my username is my Maeena. In this country, if you have insurance, one month prescription cost, just a ten dollar copay. Oh, Jack, you don't have insurance. That'll be seven hundred and eighty one dollars and forty three cents, which you'll have to pay over four installments. Yeah. We'll see here next month because you'll pay the same thing next month. But good. Our ex is doing a price comparison app for prescription drugs at all.

Your local pharmacies appeared on Tuesday night, raising one point one four billion dollars from the VIP first dibs.

Institutional investors, not including you, me or us. Then on Wednesday, good. Our stock hit Nasdaq and your retail brokerage account. And the moment we had the opportunity to invest and get our act, the stock was up about 40 percent, finishing up fifty three percent on IPO. So Jack and I jumped in, Snax out. We're curious, how could our X is making money and really the main way referral fees. Drugs aren't usually on like Amazon and you don't really check to see if Wal-Mart's offering it for less.

And you walk out of the doctor's office, they ask for your, like, favorite pharmacies. You're like, I don't know, there's probably a Duane Reade on every single corner here down to Duane Reade.

There's a paper bag behind the pharmacist desk just waiting for you. Yeah.

Lack of comparison shopping, though. That is a huge reason why prescription drug prices are so high. You don't even know what you're paying and you don't even think about going somewhere besides where the doctor told you to go. So that's where a good hour comes in. Jack, can we talk about that thing on your thighs? Boundaries, Nick?

Boundaries. Well, turns out Snackers Jack just needed a casual little ointment for that thing on his thigh.

So good. Our ex tells you it's ten dollars at Costco, thirty dollars at Rite Aid and fifteen dollars at Dutton's drugs on Main Street just a couple miles from. So, you know, you're going to do you're going to click and buy a Costco because that's the cheapest. And then Costco pays good are a tiny little referral fee.

That's how good our X makes money. It's basically. Dotcom, but instead of hotels and flights, it's prescription ointment for that thing on your thighs and a whole lot of people got things on their thighs. So it's the most downloaded medical app with four point nine million monthly active users, according to its IPO filing paperwork. This podcast is not approved by HEPA. So, Jack, what's the takeaway for our buddies over? Good. Our health care is one of the last frontiers of tech disruption stackers.

American health care.

It is insanely expensive when you look at the numbers, partly because it's an industry still filling out paperwork, still asking for like your fax number. And if someone figures out how to undercut those prices, there's actually a huge opportunity. Dr. Thatcher, just email me the information. I don't want to log into your online portal. No one does.

Now, the fact that American health care is so on digitized is a key reason why it's the most expensive in the world.

It's also a key reason why Apple and Google are trying to launch health related consumer tech products. So get these numbers snackers. Back in twenty eighteen Americans spent on average per person eleven thousand two hundred dollars on health care spending.

Other developed countries spent almost half that six thousand dollars per person on health care expenses.

So if companies like ours can figure out how to save consumers 50 percent, they can keep part of that. Savings is profit and still save us consumers money. Good. Our access is worth 18 billion dollars now to left left because the potential to undercut prices in American health care is so huge.

And remember, if you do have a thing on your side lasting for more than four hours, you should log into your online portal for our third and final story.

General Mills sales surged last quarter, but the execs up in Minneapolis, Minnesota, they're so desperate to keep you now that they're making up words and making up food.

Just forget this earnings report for a second. By the way, General Mills also happened to announce same day that they're bringing back your childhood cereal favorites, Golden Grahams with the original recipe. Jack Trex with the original Shape's Cocoa Puffs. More cocoa.

That sounds like an improvement on what they're doing with that thing. They're also bringing back the Trix rabbit. The cookie crisp wolf mascot forgot he was a wolf, even sunny the Cocoa Puffs cuckoo bird and Sunny kind of had a problem.

Jack is a little too cuckoo for the Cocoa Puffs.

So Stackers, this is a ninety two year old company and it's in the best shape of its life, like a senior Bowflex infomercial over there.

I'm fifty five years old. I'm telling you, you could have the body of your dreams. I could kill the Virgin. I mean, that was thirty. General Mills announced yesterday that sales jumped by ten percent in the third quarter and profits jumped twenty two percent. Insane for a company this old and their cereal sales, by the way, that's been falling for like a decade. Cereal sales surge, ten percent. That's because there is unprecedented eating at home going on during the pandemic, which is good for banana growers, even better for Betty Crocker and her pantry pals.

So Jack and I got curious. We dove in snack style into the earnings report and noticed some interesting stuff going on. On slide number eleven. The title of this slide was Increase the Stickiness of Demand. It's a corporate priority for the next quarter. That's because the pandemic got you eating General Mills food. Now, General Mills wants to keep you as a customer. And to do that, they're going to introduce meaningful renovation of certain products, essentially an update of that product and then also relevant innovation of other food products, improving that product.

So they basically have just made up business school terms here. They could have said update or improve. Instead, they said meaningful renovation and relevant innovation. Now, the cool thing, though, was that then they showed examples of what this looks like and the contrast was wild.

So if yo play yogurt is going to add real fruit instead of artificial fruit from the past, what's that called? That's a meaningful renovation and that's a real thing that's happening.

Another real thing that's happening with Yoplait yogurt is they're introducing a flavor called Pink Strawberry Starburst. What is that called? That is a relevant innovation. It's an improvement on the product and also a real thing. Now, we noticed in the deck that this relevant innovation, in other words, improving certain products to like modern tastes. That's what they're obsessed with in the future.

That's because they know no one really likes the yellow starburst and you're lukewarm on the red one. So why not take the pink one and turn that into a yakker one? Relevant innovation that caught our eye is from old El Paso, a brand owned by General Mills.

Instead of just your usual El Paso taco, they're giving you the meal version because you can codify anything these days with some beef and some sauce.

I'm much more into the taco shell milk. Good idea. Then the Starburst yogurt idea, the starburst yogurt idea feels like it could hurt somebody.

So, Jack, what's the takeaway for our buddies over at General Mills making up things?

General Mills is incredibly not confident that you're going to stick around with him after the pandemic.

So and we know that because of one big expense in their income status snackers like General Mills and Netflix, sales have surged during the pandemic.

But unlike General Mills, Netflix is confident that you're going to stick around as a Netflix or for the long term. Yes, if you jump into Netflix as earnings, it's spending a lot less on my. Marketing than it did last quarter or even last year, they're riding a wave and they're confident that customer wave is long and sticky for Netflix, but General Mills is doing the exact opposite.

They just jacked up their marketing spending.

Johnson I better have a plan for 18 to 55 year old suburban customers on my desk tomorrow. And that's because Johnson and the whole rest of that General Mills team are afraid you're already planning to ditch your play and send them in Cheerios as soon as this pandemic ends.

That's probably why they're bringing the cereal mascots back so that you remember them.

When you're walking down that aisle, Jack, you whip up the dagos voice over their Tesla announced on Tuesday. Big things are happening with batteries in three years. And Tesla showed a 10 year plan to justify today's Sky-High stock price. Good ol Rex knows America spends way too much on prescription drugs. It's open. You say 50 percent. Oh, and it'll keep some of those savings for itself or a third. And final story. General Mills is thrilled you're buying their packaged food, but terrified that you'll stop post pandemic.

So it's splurging big on marketing to increase customer stickiness. Now time for our Snack Food Day, separately tweeted in by Ari Ruban, Emily Mullen, Tyler Silva and the legend Justin Kaskowitz.

This week we talked about Rocky Aoki, the legendary Japanese American who founded the restaurant chain Benihana.

Well, things got intense with his family. He ultimately had to sue four of his kids over his estate and like a whole bunch of other stuff.

He also gave birth to a famous D.J. You may have heard of Steve Aoki, APIC family and great at throwing things.

But before we go, snackers quick, congratulations to Alec Mayo, a snacker in New York City who just got promoted, and to Apple Krider just past the CFP in lovely Minneapolis, Minnesota, and happy getting engaged to Julian and Brook in Hoboken, New Jersey. Heard he did it right by the river. And happy birthday to Michelle from San Mateo. Thanks for getting cliff snacking already, by the way. And happy birthday, Sidney. Sir. Ron Garan in Miami, Florida.

To Grace Lewin in Shanghai, China, and to Mary Frank in Idaho Falls, Idaho. And to Fola Aminu in Lagos, Nigeria. And to Nyquist in Muskego, Wisconsin. Every day is Nick Togher, Fast Nyquist to Haley Snax Williams in Brandon, Florida, and Grace NIJ in New York City. And happy birthday to Zach Krantz in Elgin, Illinois, and Jennifer Fitzgibbon in Leesburg, Virginia. Snackers You guys all look fantastic today. We'd love if you could ask your buddies why it was decent.

You look so good. You say, have you had your snacks daily? It's a totally fair question. Make it. I'll see you tomorrow. Golway If you know. You know. This is Jack Nicholson, Stock and Apple, the Robin Snacks podcast you just heard, reflects the opinions of only the hosts who are associated persons of Robin Hood Financial LLC and does not reflect the views of Robin Hood Markets Inc or any of its subsidiaries or affiliates. The podcast is for informational purposes only and is not intended to serve as a recommendation to buy or sell any security and is not an offer or sale of a security.

The podcast is also not a research report and is not intended to serve as the basis of any investment decision. Robin Hood Financial LLC Member, FINRA, SIPC.