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This is Nick, this is Jack, and this is Snax Daily, it is Wednesday, October seven. Stocks fell somewhat badly yesterday. Yeah, Jack, you know that stimulus package like the one we really need? Yeah. Yeah, I know that one. The one that could help the unemployed Americans and the companies that are struggling from Kovik. That's the one I'm talking about, Jack. Well, the White House announced yesterday that they stopped negotiations with Congress.


Nothing will happen until after the election.


Nothing's happened to the election. So in the meantime, Jack and I whipped up the best snacks daily we've ever put together. No joke on this. For our first story, the real real snag, the deal with Gucci that Vogue magazine is referring to as a game changer.


Lansat Murman for a second story. Seona stock dropped yesterday on word that it got unfriended and defriended by Apple.


Honestly, it's not use on it's Tim Cook. For our third and final story. Venmo is launching its first credit card. But the real story here is who's behind the plastic little company called Synchrony Financial? Who do you work for? I work for Synchrony Financial. That's our company behind it all. But Snackers, before we jump into that, honestly, a wonderful mix of stories. There is a difference between a vessel and a boat and a ship.


We asked this question, what's the difference between a vessel, a boat and a ship? Yesterday on the pod, we got some great answers. We got a lot of answers over on the Twitter. First came from Alan via his grandfather, who was a Navy vet in World War Two. And Korea sounds legit, will take his word.


A ship is a vessel that can carry a boat and a boat is a vessel that can be carried by a ship. Picture lifeboats on a ship, not ship, boats on a life, another snackers.


And in that, boats are small under sixty five feet and ships are big over sixty five feet. But both ships and boats are vessels. Any amount of feet, as Jared Westbrooke pointed out, and which is confirmed by Alan's tweet from his grandfather. But then Dean jumped in and made the point that there's actually one huge difference between a boat and a vessel and a ship, a boat, a vessel on the ship. They're all spelled differently.


You can't argue with that. Do you gather that data is all over this game? That's the takeaway. But then we got some late breaking expert testimony from my father in law, Claudio, a.k.a. Captain Clode. A vessel is also defined as just a hollow container, right? It's not always nautical. A pen is a vessel for ink. Ipso facto, your head is a vessel for knowledge.


So a vessel is something you can have drinks on or it can be used to drink. Otherwise known as a recreational boat.


Three stars you tuned in the next day. He spoke to the lawyers and we got to get some legal out of the way about the here. Ray Giudice and Candy, they don't reflect the views of the her family is only formational. Just so you know, we're not recommending any securities. No, it's not a research report or investment advice not to offer a sale of a security by Nexxus Digestible business for by Nancy Pelosi, member Fagbug ABC.


For our first story, Jack and I noticed that the real real jump, 10 percent on Monday on an unprecedented deal with Gucci, Nick Vogue called this deal game changing.


And Vogue knows more about fashion than us. Yeah, they do. But, Jack, you know that feeling. It's the worst feeling. Yes. Splurge on the Akeley's. Turns out there, folks.


This happened to me in Aruba. Ten dollars was too good to be true. Jack, how about some Tiffany silver, not ice biphenyls silver for you. I've got some Louis Vuitton give you a Louis Vuitton. I take it, whatever it takes.


That's where the one point four billion dollars, the real real comes into play, whose ticker symbol is not fake. It's actually just real. No, it's real. They want the other four letter word, very focused, though, on not fake things.


The real real iPod last year as an online marketplace for authentically verified second hand luxury. We're talking like BMW style certified, pre owned, luxurious retail. But for seventeen million users, that's what they got right now.


And now for cars, for like blouses. We're talking blouses that were here. Let's say you want to part with those, you know, eight hundred dollar blue button red soled pumps.


Must be nice. Yep. Must be nice. It would be.


But you're not dropping them off at like the local consignment shop around the corner in the village. No. If you're going to give those away, you want trust and you're going to go to the real real because they'll get you a good price for it. Turns out the river has a thousand human beings, real humans, not robots who check the label, the fabric, the condition, and they make sure it's legit. And that robust verification process is why buyers go to the real real and trust that what they're buying is the real deal.


Trust is essentially the real real value proposition because they used Prada. Handbag is still a use. Proud of him. Yeah, it's right. You go in the real real Jaconi around it. Right now we're looking at these things. Use Prada handbag eight hundred dollars and by selling it, the real real takes a fifty percent cut. Now who wins with the real real the buyers and sellers. It's a classic two sided platform. You get the sellers out there who just want a clean closet that's rid of their.


Now, remember the eight hundred pumps and then the buyers, they want discounts. Which leads us then to who hates the real real Schnell.


Schnell hates the real, real the whole luxury industry. They want to control the supply chain and they fear counterfeits hurting their brand value. Oh, by the way, they also want you to go directly into the Chanel store on Fifth Avenue to walk in there and buy directly from Chanel. They want to keep the entire profit of that three thousand dollar blast. Which leads us to why today's big news is such big news. Koochie just did a 180. True.


Instead of resisting the real real, it is launching a three part partnership with the real. That's right. The first part of this partnership, there will now be a dedicated Gucci page on the real real dotcom. If Gucci says it's Gucci, it's no Puchi. No, it's not the second part of this partnership. Gucci is going to start selling its own goods directly on the real real. Gucci was too dependent on getting sales through only its own physical stores and its covid.


You need an online outlet. Yes, you do.


Which then leads to the third and wonderfully arbitrary and random part of this partnership for every item that is sold, that is a Gucci item on the real real Gucci will plant a tree. Feels like they threw that in there at the end to call it a three part deal. You add that all up, though, and this deal kind of feels like the rare win win win. Consumers get options. The real real gets validation and trust and Gucci gets the takeaway.


So, Jack, what's the takeaway for our buddies over at Gucci and the real real? The trend is your friend snackers. For years, luxury labels resisted the trend toward consignment, but the trend is sustainability. Consumers want low impact fashion, just like they want low impact farm to table food and other techie consignment brands. We're talking like posh marc or threat up. They are looking IPO over the next year. They are riding that trend. But when old school or stop fighting the trend and just embrace it instead, they can ride that trend.


Case in point, Disney ignored streaming video for years years, insisting that cable TV was the only thing they could make money out. Finally, in twenty nineteen Disney plus launch and now they've got sixty million paying subscribers, the real real represents the trend of sustainable lower cost fashion.


But Gucci finally turned from a Denyer into a consigner.


For our second story, Apple is cutting off ties with Sonus and crushing zoonosis dream of getting acquired by Apple as soon as soon as soon as based in Santa Barbara, California. Which makes sense because most Sonos owners also have a wine cellar. It just makes sense. It was created in 2002 to let high end homes have one speaker system throughout the whole House. Oh, Jack, when are we going to launch this wedding registry index ETF situation?


Twelve hundred dollars speaker. That's a rich ticker symbol ring or should go with ticker symbol, gift, ticker symbol. Take advantage of this live moment. Put the Peladon on the registry. Sonas went public as a publicly traded stock on August 2nd. Twenty eighteen. And on that same day the stock price hit twenty one dollars. Oh yeah. I imagine they've framed the photo of the number twenty one because they've only fallen from twenty one dollars since then.


It literally has been downhill since track one was the climax of the album when that happens.


But the problem here snackers is actually a new phenomenon.


In the last year for Sonus, the sound of the music come second to the integration with the smartphone. We know Juilliard quality violinist may sound best on a solo speaker system, but ninety nine percent of consumers don't notice the micro difference in the micro acoustics. What matters most to ninety nine percent of consumers is convenience.


Honey, is the wi fi working because it's not connecting the ability to easily play music through your computer, your smartphone, your voice command.


That's what matters now. And that's why the speaker business is getting attacked by the tech industry right now.


Apple homeport Amazon, Alexa, every time I go home.


These are big problems for Sonus and Bo's really take away. Your connectivity beats acoustics. Which brings us to why Seona stock fell even more yesterday. Until yesterday, Apple was selling solo speakers in all its Apple stores and all its Apple online stores.


And then, without any announcement, non headphones and speakers from both Sonus and Logitech there were gone out of nowhere. In fact, at Apple's now rumored to be unveiling a cheaper home pod speaker at its October 13th event that just got announced for next Tuesday.


So Apple's basically ghosting on us and it's like it's not you don't know me. Tim Cook, CEO of Apple Zaizen. I found someone else. And it's also me. It's me. It's our own pod about to launch. It's still me.


So, Jack, what's the takeaway for our buddies over at Apple? And so now so our stock was higher on hopes that Apple might acquire it, but that hope is gone. That's right, snackers. When a company gets acquired, it tends to sell for higher than where the stock is trading at that moment. If you find yourself owning stock of a company that gets acquired, your stock probably is jumping on that day. Well, for the last few years, Sonus has looked like an acquisition to.


FRAP, you got the high end speakers that fit very nicely into the club Apple ecosystem. Apple acquired Beats headphones from Dr. Dre for three billion dollars in twenty fourteen and zoonoses. White speakers look vaguely Apple ish, but yesterday's news kills the possibility. So if you're thinking about acquiring a company, you don't just kick it out of your store suddenly without notice.


So stock fell seven percent yesterday because it'll lose Apple stores as a sales channel.


And it also fell because it lost a glimmer of hope that it may become an Apple acquisition. For our third and final story, Venmo just launched its first credit card. But the real story is the secretive company behind that credit card, Synchrony Financial Snackers.


This story is going to start way back a long time ago with Venmo. That's the young payments app owned by PayPal. Now, Venmo is already great for the peer to peer payments, sending some money over to Brian Thenmozhi, the sixth person at your five person branch.


The emojis confirm that. Then they launched a debit card in twenty eighteen. Are Venmo Balances basically becoming your second checking account? Now, starting this week, you can spend borrowed money with vendors.


New credit card lets you manage your Venmo balance in the app and you get three percent rewards for your top spending category. The stock climbed two point five percent this week as Venmo adds a nice moneymaking feature. But if the story began with Venmo, Jack and I were more interested. Where this story ends with a little company called Synchrony Synchrony Financial is a bank with zero branches and four hundred and ten thousand branches. At the same time, we were intrigued, so we jumped it further.


Snack style. PayPal is a tech company. It's great at building apps, but it's not a bank.


That's because banks are incredibly highly regulated. PayPal doesn't want that.


Now you got the capital requirements, the reserve ratios, the FDIC, the whole stuff.


So Synchrony Financial handles that heavy bank, lifting the credit card approval, the credit card issuance, the charging of interest. If you're traveling to the Dominican Republic for the weekend, you'll get synchrony. No, not that Venmo don't care.


But Synchrony is, interestingly, a publicly traded company, and it's made an entire business out of banking as a service. We're calling it bass bass, not bass bass.


We're one hundred and sixteen different brands have credit cards that are actually synchrony credit cards, Banana Republic, Amazon, TJ, Max, Dick's Sporting Goods. Those one hundred and sixteen brands have a combined four hundred and ten thousand physical storefront location. Mr. Kramer, would you like to say 50 percent on today's purchase by opening a Barnes and Noble credit card? That pitch you just got that synchrony and that's how they have seventy five million credit card accounts, even though you've never heard of them.


So, Jack, what's the takeaway for our buddies? Over at Synchrony and Venmo, New Tech is partnering with all banks to beat the big banks snackers. Our central bank, the Fed, has decided that interest rates are going to stay incredibly low for the foreseeable future indefinitely. And the big four banks of America, Citibank, Bank of America, JP Morgan, Wells Fargo, they don't like it. Their stocks are down at least 30 percent each this year.


It's hard for Jamie Dimon to make money on loans when the 15 year mortgage rate is at two percent square.


And paper stocks, meanwhile, are up one hundred and seventy five percent and seventy three percent this year as FinTech gets all the love.


But neither Square nor PayPal are banks, so they're not regulated like banks. They leave that less profitable business to companies like Synchrony Financial or Sutin Bank. So if you're a tech company and you'll want to enter banking, you can be a bank or you can partner with a bank. Right now, partnering is how tech is out. Banking the big banks, Jack. And you'll whip up the takeaways for us over there.


Mattress, mattress, mattress. So the real real has been a pain to luxury fashion brands who don't like consignment very much. But Gucci is joining the real real because the trend is your friend for a second story.


So stock saying seven percent Tuesday onsides apple just not that into Apple acquisition hopes just got destroyed for a third and final story. Venmo just launched a credit card thanks to Synchrony Financial. Sacranie got zero branches, but it's got four hundred and ten thousand branches. Wow. The device snapped back to the day.


This is a wild one. Tweeted in by Haley in Dallas, Texas.


I think it's her second Jack the honors for brief moment, PepsiCo had the sixth largest military in the world. Yeah, that's right. During the sixties and seventies, America sent Pepsi to the Soviet Union in return for some Russian vodka.


But then in the eighties, Russia was a little short on vodka. True. And they were short on cash, too, also true. So they traded Pepsi, a fleet of submarines and military ships for a whole lot of soda. Seventeen submarines, a cruiser, a frigate and a destroyer, or three billion dollars of Pepsi. Pepsi eventually sold those boats, ships and vessels to a Swedish company for scrap recycling.


If you like today snacks, ask your buddies for Ice Age. Why twice a day have you had your snacks daily? Grow the snacks. Everyone feel free to take a screenshot of this pod and post it to your friends, to stories. That's how you help us grow at stackers before we go. A big happy birthday to Christy and Terrence, wonk's siblings but not twins, stillborn two years apart on the same day. Congrats, David Parsons, for your 15 year worke anniversary over in Wales.


And happy birthday, boss lady Sarah. Qu'est over in Portland, Oregon, and Elizabeth Munoz. Happy birthday in Dallas, Texas. And Jasmine Patel in Bradenton, Florida. Happy first birthday to toast the prophet puppy who just turned one. And Fred Hussain in Dumfries, Virginia. Congrats, Michael B. for new job gig at Coca-Cola down in Jacksonville, Florida. And to Wiley and Morgan brochure, three year anniversary over in Concord, California. Big congrats, Nick, and I'll see you tomorrow.


Can't wait. This is Jack, I own stock of Amazon, Nikken, stock of Apple and Square, the Robinhood Snacks podcast you just heard reflects the opinions of only the hosts who are associated persons of Robinhood Financial LLC and does not reflect the views of Robinhood 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.