Hey Snackers,
Berlin has come up with an ingenious way of getting people to wear masks on public transport: Forbid them from wearing deodorant. BO = more masks = less COVID spread. Try leaving your nose uncovered in that subway car.
Markets rallied even as COVID-19 cases soared to record highs. The tech-heavy Nasdaq gained over 2% on the wings of Amazon stock, which hit a record high and crossed the $3K mark for the 1st time.
Can I get an e-sample of that orange slice?... The Sunday Farmers Market has an online cousin. Guac legend Chipotle launched a digital farmers market for its food suppliers (the same ones that grow the organic rice for your bowl):
No such thing as a free (Chipotle) lunch... Chipotle is shelling out guac to cover its suppliers' Shopify fees. The benefit to farmers is clear — the benefit to Chipotle is more nuanced:
Chipotle wants supply chain insurance... Chipotle’s competitive advantage is its ability to scale with sustainable ingredients at fast-casual prices. Without a reliable supply, Chipotle suffers — During its last food-born illness outbreak, Chipotle had to completely change its pork supplies (carnitas bowls were literally canceled temporarily). Now, it's helping suppliers survive corona-conomy by bankrolling websites.
Big splurge after months of holding out... Warren Buffett's Berkshire Hathaway just made its 1st big investment since the pandemic started (over a decade ago, in corona years). Buffett's legendary holding company hoarded up a record $137B in cash and held off on money moves...until now:
Fossil fuels aren't hot right now... While natural gas pollutes less than crude oil (which is refined to make gasoline), it's still a fossil fuel. Natural gas generates electricity and heats our homes, but pollutes in the process. Now that corona-conomy is accelerating the transition to clean energy, fossil fuels are facing more uncertainty than ever:
Buffett's all about the "value investment"... like that $98 Gucci bag from Marshalls. Warren buys companies that he believes are undervalued. His MO: "Be fearful when others are greedy and greedy when others are fearful.” With so much negative buzz around pipelines, he sees Dominion as a good deal — The increased scrutiny around building new pipelines could actually be a boon to Dominion's existing ones.
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Disclosure: Authors of this Snacks own shares of Uber, Lululemon, Amazon, Shopify, Chipotle, and Berkshire Hathaway
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