The Best One Yet - 🐩 “Chewy’s Shiba-Doodle purebred” — Chewy’s pet adoption. Peacock’s Hamilton moment. Infrastructure’s 2 un-compromises.

Episode Date: June 28, 2021

Chewy has a plan to turn you into its profit puppy: Pet adoption. In an unprecedented moment in Olympic history, NBC’s Peacock will be streaming the games to peacock (we’re calling it their Hamilton Moment). And the latest infrastructure deal could be $600B, $2T, or somewhere in between… but that depends on 1 uncompromisable compromises.$CHWY $CMCSA $CAT $VMC $CHPTGot a SnackFact? Tweet it @RobinhoodSnacks @JackKramer @NickOfNewYorkWant a shoutout on the pod? Fill out this form:https://forms.gle/KhUAo31xmkSdeynD9Got a SnackFact for the pod? We got a form for that too:https://docs.google.com/forms/d/e/1FAIpQLSe64VKtvMNDPGSncHDRF07W34cPMDO3N8Y4DpmNP_kweC58tw/viewformLearn more about your ad choices. Visit podcastchoices.com/adchoices Hosted on Acast. See acast.com/privacy for more information.

This is Nick. This is Jack. And this is Snacks Daily. Welcome back. It is Monday, June 28. Good news. Stocks finished the week Friday at a record high level. Jack, better news.

This pod, this pot, this is the best one yet. Way better than the last pod. For our first story, Chui has a plan to turn you into their profit. Doggy adoptions by chewy.com. For our second story, if you want to watch the dream team at the Olympics this summer, you have to pay for NBC's Peacock Streaming Service. Jack, we got ourselves an unprecedented. moment in Olympics streaming history.

For our third and final story, there's somewhere between $600 billion and $2 trillion the government is going to spend on infrastructure. But before that happens, two uncompromisable topics, they're going to have to get a compromise. Sir Isaac Newton doesn't even know how to crack that code. Spoiler alert, Jack and I know the two things. But Snackers, before we hit those three fantastic stories. Such a good mix to start the week, Jack. It's Monday morning, so we're looking at the hoarders alman.

The hoarder's almanac. What are we running out of this week, Jack? It's week 67 of the pandemic, so things are still getting horny. Yeah, chicken wings to chips. We've been like run out of stuff. The entire pandemic didn't stop this week. The latest thing we're running out of isn't really a shortage, actually. Because it was never actually there.

Subway sandwiches has reportedly run out of tuna in its tuna fish side. Correction, Jack. They may have never had tuna in the sandwich to begin with. Now, Subway sandwiches is close to my heart because their meatball Marinera helped me gain 20 pounds. Their turkey sandwich helped me drop 20 pounds. The only yin-yang of eating sandwiches, Jack. And that 40,000 location chain is being sued in California because allegedly their tuna fish sandwich doesn't have tuna fish. Yeah, maybe it's some cheaper grouper instead. Maybe it's some cheaper haddock. We don't know. Spokespeople for subway

deny that there's any validity to these allegations. They even shared their highly complex tuna recipe. You ready for this, Jack? Yeah. It's one part tuna, one part mayo. Wow. You heard a bluefin tuna. This is a no fin tuna situation. So I got to say, Nick, the New York Times reporters kind of jumped in snack style. They did. They bought 10 different 6-inch subs from different locations. 60 inches of subs. They took the tuna fish, put it in a Ziploc bag. Okay, yeah, they did.

They iced that bag and shipped it to a laboratory. Kind of disgusting, but kind of necessary. And the laboratory found no amplifiable tuna DNA in all that tuna fish from those 10, 6-inch subs. We repeat, no amplifiable tuna DNA. in the tuna fish sandwiches from Subway. That means either A, it wasn't tuna fish at all. Or B, it's so processed that tuna DNA is just unrecognizable. Or C, this is what Subway says.

The lab screwed up or the tests were just flat out wrong. In the meantime, the takeaway here, the great mystery of Subway's tuna fish sandwich is still mystery. It's not a tuna shortage, but tuna is missing. Or is it? Let's in our three stories. Snacks about the hair ain't food is air candy. They don't reflect the views of the Robberhood family. It's all informational just so you know.

We're not recommending any securities. It's not a research report or investment advice. Not an offer or sale of a security. Snacks is digestible. Business news for you. Robohood Financial, LLC, member Fenra slash SIPC. For our first story, Chewy is closing in on a major doggy milestone. Pet adoption is the final piece in chewy.com's pet puzzle.

I mean, Jack, Chewy used to guarantee that a human being would answer the customer support line. We did it live on this pod. We called. We put the phone up to the microphone. And guess what? A human answered after just a few rings. It was impressive. Honestly, we haven't tested it since then, but we're hoping it still stands.

We actually couldn't confirm it still stands. But Chewy is still known today for sending flowers to parents of recently deceased pets. They've got stationary on hand. It's the human touch. And chewy.com is on pace for their first full year of profit ever. Yeah, they are. Three years ahead of schedule. Good boy.

Who's a good boy? Who's a good boy, chui.com? Sit, stay. Yes, but keep growing. Chewy reports earnings like it was a social media company. It does. 32%. That was the jump in their monthly active users.

Got that metric from Facebook. Full disclosure. I have the cutest dog in the world. She's 19 pounds. She looks like a black lab. She doesn't have any black lab in her. River is one of the. 20 million is what you're trying to say.

Actually, I'm one of the 20. She's not the customer. I'm the customer. But Snackers, here's the thing. It's not just about how many customers you have. It's how good those customers are. Spending on the average customer jumped by 13% compared to last year. And that's why Chewy stock has nearly tripled in the past year, too. But a shocker

that we didn't realize was even possible. Didn't see this coming. Chewy has just stuck their nose in a pet adoption pen. Jack and I found this fascinating. Chewy.com just launched a pet adoption platform. We think that's very smart because 60% of dogs and cats in the U.S. are adopted. Yeah, because most Americans aren't importing some rare Aussie 12th generation Shibadoodle, purebred after an 18 month waitless, Jack.

So chewy.com is going to where the customers are. Chui.com has chewwified adopta pet.com. So Chooey didn't launch its own website. And Shiba Doodles are not real dogs, but should be. But Chooey did embed the website of the website of the website. this nonprofit Humane Society charity into their own website so you can search for pets to adopt. All right. So Jack and I jumped in snack style. Here's where you're going to see. You go to the website on chewy.com. Input your zip code. You're going to notice that bad rap pet rescue is only two miles away. And you're going to notice that Annie is a beautiful pit bull mix that is available for adoption. This is the best part. They then have like a resume and cover letter of the dog.

Like it's some kind of LinkedIn application. Dude, Annie is a highly referable candidate because she has her shots. She's house trained. She's neutered and she's great with children. I mean, endorse her for pet of the year. Who's a good girl? Annie's a good girl. Then you can click to find out more about adopting or Jewie throws out this option for you too. Yes. They have a button to easily let you send a donation of dog supplies from Chewy to that adoption or rescue center, which is a great gesture. Jack, smells like a tax write off. Oh, it's deductible. I'll tell you, it's deductible. The octable. So, Jack, what's the takeaway for our buddies over our chewy?

You got to respect the top of the funnel. Snackers, every customer goes on a journey to becoming a buyer of that product just like a funnel. And the top of the funnel is the first interaction with the brand. And it's the most critical moment between a customer and a potential company. It's where the customer gets to know the brand. It's where the customer decides to become the actual customer. Often, the top of the funnel is an ad you encounter as you're swearing. wiping through Instagram. Yeah, like a static poster on a subway. But Chewy has found a way for the

top of the funnel to be an adorable, meaningful, and emotional moment in your life as a consumer. Chewy begins the journey with you at the very moment you select your future best friend. Chewy having their own pet adoption website is one of the most psychological and emotional top of funnel brand connections we've ever seen. Absolutely. Because once you associate Chewy with Adoption Day, maybe you buy your first dog bed from them too. We actually call it Gotcha Day, Nick. And for us with River, it was March 28th, 2020. Well, after gotcha day, then maybe you start doing the monthly treat orders through chewy. Then maybe you auto-subscribe to refills of Nex Guard to make sure River doesn't get ticks.

Then you're hooked because you got to respect the top of the funnel. For our second story, for the first time ever, NBC is putting the Olympics on streaming in a very strategic way. Because Peacock needs its Hamilton moment. It's Hamilton moment. It's Hamilton moment. Snacker, circle the calendars. You got the Tokyo Olympics starting what, Jack, Friday, the 23rd? Yes, and it looks like it won't get canceled or postponed by COVID, which I'm very excited about. Yeah, that is fantastic. So here's what Jack and I are thinking and anticipation. If the streaming wars were like the Summer Olympics, then Netflix is Team USA and basketball. Okay, Netflix, they got 200 million monthly subscribers, not too shabby. Disney Plus is the Jamaican track and field. I mean, a hundred million

subscribers. Maybe not quite Netflix, but still, it's impressive. Peacock is a bit of an afterthought. We're thinking like Icelandic Beach volleyball squad, which we're not even sure exists. I mean, it could be the Arctic volleyball squad at this point. Because Peacock has just under 10 million paid subscribers, according to Wall Street Journal, which is less than 1 20th of Netflix. Peacock, get on the podium, get off the podium. That's despite having both the office and Parks and Rec. So here's what Jack and I find fascinating about Peacock and NBC right now. They are doing something unprecedented.

For the first time ever, NBC is going to let cord cutters watch the Olympic Games. Now, NBC has had exclusive Olympics rights for years. Any college football fan knows what I'm talking about, Notre Dame, NBC, they're synonymous. Every four years, NBC calls up Bob Costas, pulls them out of some kind of a hole, and gives them a mic. Actually, Nick, every two years because they do it for the Winter Olympics, too. They just give him a Canada Goose jacket. I think he doesn't even wake up for the other two. Gymnastics and track and field this year, which are premier Summer Olympics competitions.

Yeah, love those ones. Those will be free on the free version of Peacock available to any stream. So for the first Olympics ever, you can cut the court and watch the flips. Pretty straightforward. But there's also going to be exclusive streaming content that is particularly high end. Yeah, this is where things get interesting because if you want to watch, Team USA, Men's Basketball, the Dream Team, you can only do it on Peacock if you're paying five bucks a month.

It's the premium version only. So if you want to watch the Dream Team and Steph Curry try to mess with Croatia, you have to pay Peacock. You can't watch men's Olympic basketball on cable. That is a shocker. And there's going to be a bunch of uncles in this country who are very annoyed that they need to sign up for peacock. Uncles really like men's Olympic basketball.

This year, cable subscribers are being punished instead of cord cutters like usual. The tables have flipped. So you got 7,000 hours of NBC Olympic programming, give or take an hour, Jack. It's not all going to be on Peacock streaming, but most of the popular events are. If you got cable, enjoy the speedwalking and archery. Let us know how it goes. So Jack, what's the takeaway for our buddies over at NBC and Peacock? This is Peacock's Hamilton Moment. Snackers, a Hamilton moment is when you got content that is so blockbuster. You are compelled to subscribe to the streaming platform. I'm not throwing away my shot.

Well, one year ago, Disney wanted you to sign up for Disney Plus their streamer, so they added Hamilton, the musical and show, for free to all Disney Plus subscribers, starting July 4th weekend. I'm not throwing away my shot. So Disney paid $75 million for those exclusive Hamilton show rights on Disney Plus. I'm not putting it on cable. And guess what? The results? Disney Plus tripled the number of new subscribers that month. I'm not giving it away.

free. So Peacock sees the Olympics as their own Hamilton moment. They're hoping it provides a surge in new Peacock subscribers. Snackers, I'm not throwing away my shot. And if it does result in all those Peacock subscribers, then Comcast, which owns NBC and Peacock, could get some Wall Street love. John Adams for our third and final story, stocks are up because Biden said we've got a mega deal on

infrastructure right before the weekend. But in reality, that mega deal still needs two major compromises. Now here's the thing, Snackers. This may sound like a political story. It's really a fundamental economic story. On Thursday, stocks rose to a record high when 21 senators. We're talking 11 Republicans and 10 Democrats. They joined President Joe Biden in endorsing an infrastructure plan.

Bipartisanship is back, baby. Democracy works. Awesome, fantastic. Call up Howie Mandel. Let's make a deal, baby. There we go. The focus. of this bipartisan deal was on hard infrastructure.

You got your roads, your water systems, your rail, your broadband internet, the classics. America is back and Caterpillar and Vulcan, two corporations, their stocks jumped big on this news. We don't just run on Dunkin over here. They're hoping that they've got some work to do. You got to upgrade America's concrete and its pipes, right, Jack? Yeah, like anything you need gloves and a hard hat to work on, Caterpillar and Vulcan were ready to go. We're talking the chassis of the American economy here. But then reality set in just hours later when progressive Democrats said, pipes are good, but what about people?

Yeah, Nancy Pelosi saying that traditional economic infrastructure is important, but what about the schools? Other progressives are asking, what about paid family and sick leave? I thought we were doing that too. So this bipartisan Senate deal. It's just one third the size of Joe Biden's original build back better proposal. Also barely touches climate change. So we saw a charge point, an electric car charging station,

Their stock fell 5% after the news, even though they're kind of infrastructure too. So now here's where we stand. Nancy Pelosi controls what the House votes on, and she won't vote on this bipartisan Senate deal that just came around on Friday. She wants and she demands that the Senate pass another bill addressing the human infrastructure that she wants, not just the hard economic infrastructure. Ibso facto, they're going to be negotiating on this all summer down in D.C. Bernie Sanders says it's either both bills or not. no bills. So Jack, what's the takeaway for our buddies who are all Americans? Compromise is good,

but climate change and taxes, those might be uncompromisable in Congress. Here's the thing, Snackers. Progressive Democrats, they don't seem willing to compromise on climate change, education, and worker benefits like your paid leave. Conservative Republicans, they don't seem willing to compromise by increasing taxes on the wealthy and on corporations. And President Biden won't compromise by paying for all this with higher taxes on anyone making less. than $400,000. It is hard to pass laws in this country. Just a bill. And this epic infrastructure bill of up to $2 trillion would be an enormous law. Just sitting here on Capitol Hill. It's going to be hard. And it's now clear that this epic infrastructure bill will require one big hard thing.

Compromise on climate change, taxes, or both. Jack, can you do what you do best and whip up the takeaways for us over there, please. Shui had a great 2020. Now it's getting into the pet adoption game. I mean, this is one of the most emotional top of funnel strategies we've ever seen, Jack. Disney's Hamilton moment was Hamilton. HBO Max's Hamilton moment was putting all those movies on HBO the same day as movie theaters. And Peacock's Hamilton moment could be the Summer Olympics.

Joe Biden's We Got a Deal announcement on Thursday feels really premature. Yeah, the only way this thing becomes real is for compromise on clients. change, taxes, or both. Now, time for our snack fact of the day. This one tweeted in by a lovely couple that snacks together, Natalie and Ben Fidelow from Cranford, New Jersey. The past week of snacks, we mentioned two wild snack facts within stories. First, we said that Costco's Kirkland brand is actually bigger than Coca-Cola.

Then we said that Denmark's Pandora sells more jewelry than any company on Earth. Well, Ben and Natalie were hanging out listening to snacks and pointed out this gem for us. us of a snack fact. Costco sells jewelry too, including diamonds and quite a few. Yeah. In fact, a year ago, Costco sold a diamond engagement ring worth a whopping $600,000 over an aisle 6. Guess they're selling carrots in bulk. Snackers, you look fantastic day. Jack, if anyone actually owns a Shiba-Doodle pet, do we have to issue a correction on this pod? I'm going to defer to the American Kennel Club. Our lawyers approve of that, Jack. Good move. Snackers, Nick and I'll see you tomorrow. Can't wait.

And before we go, happy birthday to Barbecue Legend, Mr. Nick Marino on the Upper West Side, but also now in San Francisco. Nick, you should ditch Dan Katz as your partner. I'm telling you, just ditch him. If you know, you know. And happy birthday to Meg Dwyer on Nantucket who makes a fantastic swordfish. Happy birthday to Mike Martel from Schenectady, New York, now the Upper East Side, who loves walking.

50 blocks to work every single day. Both ways uphill. listen to this pod. And happy birthday to Leighat in Fort Lee, New Jersey. And Alex Kim in Irvine, California. And Matt Redboard in Fort Mill, South Carolina. And Janet Pettenado in Hamilton, Canada, great hockey. And Frank the Tank McGee in Seawall, New Jersey. And hey, Cindy Ruta-Greepe, happy Macha Monday, if you know, you know, over in Sebastopol. Congrats to Christina Lovann, who just finished a startup fundraise in Oslo, Norway. And Allie and Ethan Nash, they're moving to New York City. Enjoy, let us know where. Diana and Natalie

Lim, have a great final day of this awesome internship in Oakland, California. And Cash and Kaylee, congrats on the engagement down in Oklahoma City. Happy anniversary to Ian and Jess in Modesto, California. And Alejandro and Brady Munoz, congrats on the marriage in Franklin, Tennessee. Invites got lost in the mail. If you're celebrating something today, make it a team. Celebrate the wins. This is Jack. Nick and I have both on stock of Chargepoint and I own stock of Netflix. The Robin Hood Snacks podcast you just heard reflects the opinions of only the host. 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. John Adams. Do you remember when the king says John Adams? I actually haven't seen it. Oh, dude, what? What is wrong with you? I know, I don't have Disney Plus.