Re Uber Eats discussion: Peak uber funny business The other day with roundabout fees, seemingly fake dollars etc. My order shows $52 of food, plus $5 tip. You'd expect $57 and using a general 10% figure for platform fees, that should be a ~$62 final ticket. The screenshot only shows about half the "dollars saved". After 30% off, $15 Uber Cash (which comes via a third party CC benefit), free UberOne sub to waive delivery/fees and a small cash refund to offset a restaurant mistake...I think my total cash outlay is $22, but I also received more credits as a "courtesy". The cycle continues. No wonder they bleed Bs worth of cash. Edit: forgot they were late, so $5 more of Uber Cash received.
I thought the net exports number was interesting, as well, given the strength in the dollar. PCE was up though, although decelerating.
The S&P is a broad measure of the value of the stock market, focusing on the largest firms. The others are niche and kind of memes.
AAPL - Apple INTC - Intel CSCO - Cisco WBA - Walgreens Boots Alliance MSFT - Microsoft HON - Honeywell International i think
AAPL is heavily weighted in all of the indices. S&P 500 - 7%. It's also 41% of BRK.B which is weighted 1.6% of the SP500 NDQ 100 - 13.8% DOW - 3% It's important to know what you own.
AAPL is insane. I'm not sure how it can be allowed to operate as it does and still be considered capitalism.
So earnings was basically Finance and Industrials - pretty dang good AAPL and Microsoft - ok(ish) AMZN/META/GOOG - Woof!
Yeah the app store is an egregious example, as well as getting any serious competitor such as Huawei flat out banned.
Last day to lock in 6 more months at 9.62% instead of starting at ~6.5% with the new rate in November.
Apparently the interest rate they earn changes in November from the 9.65 to 6 something. They needed to be purchased by 11:59 to have a full business day to be processed for purchase.
another .75 hike. seems clear they'll move another .5 next month. only question is if they'll keep going after that. commercial real estate is soooooo fucked
Markets will take this positively, but ultimately doesn’t change anything. We are already at 4%, now the question is where is the end rate. Commercial is going to be really interesting, there was a good article regarding SF a few months ago: https://sfstandard.com/business/san-francisco-braces-for-epic-commercial-real-estate-crash/ Hopefully the city uses this crisis to reinvent itself.
sounds like another .5 next month and then it's up in the air. people who have cash and access to debt right now are going to make an absolute killing.
I really think its the developers who are going to get fucked on this deal. Most of them are focused on building an asset, and exiting within a couple years of completion. At this point, those exits are not available as the cost of equity to close those deals now makes them unfeasible to be profitable. Combine that with the reduced commercial demand due to the push for remote working and I could see that space getting hammered.
Well he’s basically said we’ve got to go higher than we thought in September. States it’s very premature to discuss a pause. Hawkish.
Greenspan was the best because no one could even tell what the fuck he was saying with his weird archaic prose nonsense.
The Rupee is dipping bigly. (It is not used in the DXY calculation.) Dollar Milkshake theory playing out fr