The Best One Yet - 🎅 “Claus Industries'' — Santa’s $11 Trillion biz. Stocks’ record highs. Dating Wrapped’s love philosophy.

Episode Date: December 15, 2023

Get our 25 Best Takeaways yet by subscribing at tboypod.com/newsletter.We got the Annual Report from “Klaus Industries” (yeah, Santa’s company), so we jumped into the business — Santa’s got a strong supply chain, diverse market of 2 billion customers, and an $11 trillion opportunity.The stock market began the year with Recession-worries, but it’s ending with all-time highs — We’re looking at the one force driving Wall Street to record highs for the holidays.And do you know about Dating Wrapped? — The #1 trend on TikTok is analyzing your year in dating, and it reminds us of a quote from Socrates.$NICE $SPY $SPOTSubscribe to our newsletter: tboypod.com/newsletterWant merch, a shoutout, or got TheBestFactYet? Go to: www.tboypod.comFollow The Best One Yet on Instagram, Twitter, and Tiktok: @tboypodAnd now watch us on Youtube Hosted on Acast. See acast.com/privacy for more information.

This is Nick. This is Jack. It's Friday, the real Friday, December 15th. And today's pod, today's pod. Oh, Jack, this is the best one yet. What a T-Boy. The top three pop business news stories you need to know today. But Jack, before we hit the pod, you want to unwrap some gifts for the Yetis?

I think we got a couple under the tree. We are doing something wild on Christmas Eve this year. Yeties, Jack and I are going to gift you something that we never gifted before. What is it, Jack? We're going to publish our first listicle. It's the 25 best T-Boy takeaways of all time. Subscribe to the best newsletter yet to get the best takeaways yet. Yeah.

To get the top 25 takeaways, go to T-boypod.com slash newsletter. But yeties, Jack and I, there are two of us. We got to give two gifts to you. Jack, what's our second gift for the besties out there? We have bonus pods all week next week. We're calling it the best of the best. Yeties, Jack and I curated the best stories of the best year on five different themes. We'll keep those five themes.

a surprise. But tune in on Monday or over your holiday break for the T-boy of T-boys. Yeties, Jack and I are literally whipping up five episodes for you. But in the meantime, Jack, we have the best pod we've ever done today. So what are our three stories? For our first story. Yesterday, stocks finished at an all-time record high. 2023, it started as a bear. It's ending like a bowl. For our second story, Spotify wrapped had its moment. But the new trend is dating wrapped. Dating RAPT, whether you are single or in a committed relationship, yet he's dating wrapped has a takeaway for all of us. And our third and final story, Santa and his elves are working their butts off right now.

So Jack and I are jumping in T-boy style. We're looking at the numbers from Santa Incorporated. From Claws Industries. From St. Nick LLC, a registered B Corporation. Because Santa is an $11 trillion a year business. Santa's worth $11 trillion bucks. whole family can enjoy this story. But Yeties, before we hit that wonderful mix of stories. That is a wild mix of stories for the pod, Jack. We've got some awkward news, unfortunately.

Yeties, we do have some awkward news. Jack and I were looking at the numbers and... According to the Bureau of Labor Statistics, the cost of the 12 days of Christmas just hit a record high. That's right. It's easier to get Taylor Swift tickets right now than seven swans of swimming. In this economy? We looked it up. The price of six geese-a-lang is up 8% for last year. Because egg prices, they're still popping. It's a photata fiasco out there. If you need to find 12 drummers drumming, that's going to cost you three grand right now. Are we going to blame Ticketmaster? Let's blame Ticketmaster, Jack. Ten lords are leaping? Good luck. The price is up 4%.

Yeah, because those lords were on strike with the actors, of course. Even five golden rings hit an all-time high. Like literally, the price of gold is at an all-time high. That's why the 12 days of Christmas this year costs a total 47,000. Christmas flation is not fun. So Jack and I decided to do something a little different this year. We whipped up our own 12 days of Christmas. We whipped up our 12 days of T-boy. Jack, you've got the honors.

Why don't you kick us off? I love the way you were singing earlier. Lo, lo, lo, lo, lo, la, la, la, la. Right on key, right on key. 12 T-Swift tickets. 11 chatbots chatting. 10 dinks of dinkin'n. Nine tips of creeping.

Eight Xers tweeter. Seven actors striking. Six cyber truckers. Four grimness milkshakes. Three AI Drake songs. Two Stanley Tumblers. And an air friar just for me. You've looked fantastic all year.

Jack, we got a fantastic show. Yes, we do. Let's in our three stories. Fifteen years before this song, two boys from the Northeast met in the dorm. 50% that's a fat tip. Tea Boy City on your at list. If you know you know because we're ready to go, we can't wait no. So just start the show.

Our first story. Instead of a recession, we're finishing the year with all-time high stock prices, baby. We were expecting a bear this year, but we got a bull instead. Yeah, it is. We got to set the scene. Jack, take us back. What were we hearing one year ago? Bring out the crystal ball, the magic, whatever.

Talk to us. Where were we hearing? One year ago, the number one prediction for 2023 was the R word. Ah, you got to say it. I think it's more like the R word. Recession. We just said it out loud. Yeties, analysts, economists, CEOs, Jamie Diamond.

They were all talking about recessions, right, Jack? They were expecting high unemployment this year and stocks to continue dropping this year. Even Zuck said it would be the year of efficiency, translation, Jack. The year of layoffs for tech companies like Facebook. But get this, yeties. Stocks are ending the week at all-time record highs. It's the Santa search, the Hanukkah hop, the Kwanza crush. Yetis, this is the rain deer rally.

Talk to us, man. What's going on? It was Rudolph rally. The S&P 500 has up 31% since October. Besties, if you include dividends, we just eclips the previous high for the stock market from January 2022. And the Dow, that just passed 37,000 points for the first time in history. Get this, get this. The Dow Jones Industrial Average is now twice as high as it was from the very bottom of the pandemic. How's your portfolio, Greg?

It is strong to quite strong. That's how a lot of people feel right now. Yeah. But yet is Jack and I were curious. We jumped in T-Boy style. And really, there is one specific reason why stocks are up to record highs this year. That one specific reason is the Fed. Because this week, our central bank, the Fed, announced a paradigm shift that no one expected.

From rising interest rates to falling interest rates. Because Basties, for nearly two years, the Federal Reserve has blasted us with these painfully high interest rates. And the goal of those high interest rates? was to slow down the economy in order to slow down inflation. For the whole year, we've been referring to high interest rates as like Godzilla, because they were scary. It was scary. But yesterday the Fed basically announced, mission accomplished.

Without causing a recession, our central bank has managed to tame inflation. It has managed to tame Godzilla. So Jerry Powell and his colleagues predict that they're going to start lowering interest rates next year. Which no one expected. The Fed forecast that they would cut interest rates, three times in 2024. Yetis, this is a total 180 degree reversal. The news was such a shock that it just pushed stocks to all-time highs.

On the last night of Hanukkah. On the last night of Hanukkah. See? Lachas and vodka. We asked and we shall receive mazzletoff, Morgan Stanley. So, Jack, what's the takeaway for our buddies who are everyone in the economy? The biggest gift this holiday season is a bull market. Yeties. By lowering interest rates, the Federal Reserve would loosen up more money into the economy in 2024.

And if that happens, it would make it easier for everyone, people, consumers, businesses to borrow and to spend. For example, next year, mortgage rates should come down so it's easier to buy a house. Interest rates on car loans. Those should come down so it's easier to upgrade your Honda. Venture capitalists can raise more money so entrepreneurs can raise more funding. If interest rates come down next year, our buddy Timmy's finally going to launch that chatbot startup. You got it, Timmy. Oh, and Darlene from Duncan, she can finally get that loan to open up her own coffee spot. If the Fed cuts interest rates, it's going to loosen the money situation and make loans easier to get. And that is why the biggest gift this year was a bull market.

For our second story, the most viral trend right now, it's not Spotify wrapped, it's dating wrapped. This story starts with dating, but it ends with Socrates. Jack, we are all. familiar with Spotify Raft, right? We've shared our raft. Yeah. Your top artist this year was Adele. Oh, 14 hours are rolling in the deep. Sign me up.

No judgments. Spotify wrapped was Spotify's genius growth hack. Yeah, for a solid three days every year, Spotify is trending everywhere because they whip up your Spotify wrapped. And now every app has a knockoff year-in-review feature, and most of them just don't work. You're using E-Up or using OpenTable. They're all trying to do some wrapped year-in-reviewy thing.

How about Walgreens's Rapp? Oh, congratulations. You bought seven tombs of thytastrosol this year. Oh, I can't wait to share that. Thanks, Walgreens. It did last for longer than four hours. I guess I got to call Walgreens. Yeah, it is. This week, though, we found a Spotify wrapped knockoff that's actually working. We found a Spotify wrapped spinoff that is doing things no one else is doing. It's called Dating Rapped. Dating Rapped. A year-end review of your dating data.

Now, there's no single app offering you dating-wrap data like Spotify. offers you music wrap data. But people are tracking their dating statistics and then posting on social media their own dating wrapped presentation. Yeah, it's called dating wrapped. And those kinds of videos have 100 million views on TikTok. Now, yeties, we know what you're thinking

because you might be wondering, why are daters sharing their love life data publicly in presentation PowerPoints for the whole world to see? It's partly to reach romantic insights and conclusions about themselves. Yes, it is. And partly for catharsis.

So, Jack, let's say we jump in T-boy style and we watch a dating-wrapped video of someone's analytical approach to their love life. What are we going to see? You're going to see a pie chart showing where you met the people you dated with this year. Maybe you met 50% on hinge, 30% on Bumble, 12% in real life, 8% on Strava, which one was the most effective. Then you're going to see their calculation on the average amount they spent on their first dates. Turns out you dropped $82.19 on average. That includes tapas.

That does not include tip. You're going to have to round up. are showing their first kiss percentage rates. Like, how many first dates resulted in a first kiss? People are sharing their D-floor makeout percentages. And that just hit an all-time hijack. Oh, it's getting quite statistical. Like, people are calculating their first date conversions. Right. Like, what percentage of initial dates resulted in a second date and what can we learn that caused that high conversion rate? People are even confessing their ghosting rates. Oh, their ghosting rates. That's the worst one, Jack.

How many people just stop texting instead of like ending it properly? Is splitting the tab a rate? Is that a red flag? Or is that a leading indicator? It's called dating wrapped. It's a raw, honest, and cathartic format for you to have a little fun about your dating situation. It's an annual report on the quarterly earnings that are you and your love life. But it reveals a more fundamental value that these daters are doing. Dating Raft reveals something. Baker. So Jack, what's the takeaway for all our buddies doing dating wrapped? A life not examined is not a life worth living. Yadies, that quote applies to your life and your business. Because

we're all so busy, it's just easy to move from one thing to the next and just never reflect on anything you just did. Before you know it, months or years have passed. Where did they go? You're still doing the same thing you were doing before. For example, Jack and I produce a podcast every single day. We have a shortage of time to reflect on all the work we've done all year. There have been stretches of my life where I've just done the same thing because I've never paused to reconsider. So when we do take time off, it's important to ask yourself questions, to look back on what you've been doing? Have I been enjoying this?

Is this what's best for me? Should I change things up right now? Are there new ideas we should be launching? Are there old products we should be shutting down? Socrates said, a life not examined is not a life worth living. Well, dating raft is a perfect example of people examining their lives. And the end of the year is the perfect time to do it. If you have the data, great.

If not, just think about the way you spend your time and the people you spend it with. Just reflect. Because as Socrates said, a life unexamined is not worth living. For our third and final story. With the holidays coming up, Jack and I are looking at the business of Santa Claus, or as he calls it, Clause Industries. When your competitive advantage is magic, you have a monopoly. Yeties, twas, was two weeks before Christmas and all through the condo.

All the tea boys were stirring. even the Ford Bronco. So Jack and I are jumping in T-Boystile to the Big Man and Reds business model. We're jumping in T-Boy style to Santa Inc. Or as it's registered legally in Wilmington, Delaware, Clause Industries. Right, Jack? What do we learn about Clause Industries? It's a highly seasonal business.

All their sales happen on one day every year. Santa's business is like Spirit Halloween or the turkey industry, right, Jack? But its sales are even more concentrated on December 25th only. That's the only day they're open for business. Now, Yetis, Jack and I, by complete chance, fortunately got the annual report from Clause Industries. Dicker symbol, nice. It's traded on the North Pole Stock Exchange. And here is the key competitive advantage to Santa Claus's very own international business.

It's the supply chain. Santa's supply chain is more important than any other company we've ever covered. And this supply chain happens to also be highly concentrated. It's based exactly at the North Pole. Yeah, they have a massive workforce of elves who build poison one giant, wonderful factory. Now, we should point out that Father Christmas has never shared sales figures publicly, but Jack and I whipped out the whiteboard for this one. Yeah, we calculated the sales, the annual revenues of Clause Industries.

It turns out yet is that 36 countries do not observe Christmas as a public holiday. But Santa doesn't check passports. So we're going to assume he delivers to all children worldwide. So, Jack, if that's the case, then what's the market size for Santa's business? Well, 25% of the world's population is under 14 years old. That would be 2 billion customers. And we'll assume that Santa delivers one gift to each child worldwide. But, Jack, we do have to adjust for the naughty factor, don't we?

But the data shows that those numbers are negligible. Yeah, it turns out the naughty factor is actually very negligible. So, Yeties, if each gift costs $10 for 2 billion children worldwide, then that would be $20 billion. in sales for Claws Industries all in one day. Now we should point out, Santa waives the price with a 100% discount, bringing down revenue substantially for Clause industries. It's basically a buy one, get that same one free policy, Jack.

Yeah, and there's also a labor risk this company faces. Right, like, Jack, what if the elves go on strike? Like, that's kind of a problem, right? I think they're relatively content, though. Besties, Jack and I checked with the Elf Union spokesperson, and apparently they're paid a living wage of gum drops and candy canes. And all the syrup they want. And they get 360 days of vacation.

Oh, by the way, this year, don't leave cookies for Santa. Santa's on Oz epic. So he's only drinking skim milk this year. Maybe some mule milk. So, Jack, what's the takeaway for all our buddies who won't stock in Claws Industries? If Santa could scale his magic, he'd be 11 times bigger than Walmart. All right. All right.

He had his follow us on the numbers here. $20 billion of sales in one day. Jack, can we extrapolate? Santa's revenues for the entire year? If Christmas were every day, which was my dream every night as a child, it was my dream, I'll take it, let's run with it, Jack. Then Clause Industries would generate $7 trillion of revenue each year. $7 trillion in revenue, Jack.

Could you sprinkle on some context for us, please, over there? That's 11 times Walmart's annual revenue. Yet he's assuming Claws, the toy company, makes the same profit margins as Hasbro, the toy company? Then they'd make $511 billion in. profits every year. Sit down, stand up, and sit on our lap again. Yetis, that is five times as much profit as Apple. There you have. If Santa could scale magic, Clause Industries would be 11 Walmarts in size. And Santa would be five times as profitable as Apple. Now, at the very least, Santa,

can you launch a second Christmas in July? I mean, if Amazon Prime can do it, so can't Clause industries? Not even good King Wenceslaus could complain about that. And that is the annual report. on Claws Industries. St. Nick LLC, a registered certified B corporation. Gifts limited to nice children. Gift policy does not apply to children naughty for more than 183 days a year.

No reindeer were harmed in the making of this podcast. Jack, can you whip up the takeaways for us for the Real Friday? Stocks closed Thursday at all-time record highs, thanks to the Fed's plans to cut interest rates next year. The best gift for the 2024 economy would be a bull market. For our second story, dating wrapped is the new TikTok trend, diving into daters dating data. The lesson is reflection because a life unexamined is not worth living. And our third and final story, Santa's business, Clause Industries, serves two billion

customers on one day a year. If Santa scaled that magic to every day, he'd be as big as 11 Walmarts. And he'd make five times the profits of Apple. But yeties, this pod's not over yet. Here's what else you need to know today. First, the newest venture from Elon Musk. It looks like it's going to be a school. Yeah, tax filings from Elon's charitable organization show he's planning a STEM university in the state of Texas. And second, for the first time in two years, rental prices in Manhattan actually fell from like $4.5,000 on average. Huge news for New York City-based dinks. And finally, Apple is about to hit a wild milestone.

Get this. Apple is about to be bigger than the stock market of France. France has the most valuable stock market in all of the. Europe, but Apple's $3.1 trillion valuation is the same size as France's stock market. It's already bigger than England and it's already bigger than Germany. One company is more valuable than the stock markets of those entire countries. Now, time for the best fact yet. This one sent in by Patrick Meehan from lovely Bradenton, Florida. Trivia. Who is the world's largest manufacturer of tires?

I mean, Jack, you're thinking Michelin, you're thinking Goodyear, Bridgestone, Firestone. You'd be wrong. Because the biggest manufacturer of tires on Earth is actually Lego. Legos manufactured 306 million tires in 2022. Which is 100 million more tires than Michelin. Backbreaking work from the elves on the North Pole. The North Pole, where the rubber meets the road. Yeties, you've looked fantastic all year.

And this happens to be our last daily pod of the year. Thank you so much for listening all year. As we mentioned, we have bonus pods all of next week, but we just want to say thank you for this. We do. And that's why Jack and I wanted to leave you with so many gifts that we're whipping up for you. What do we got, Jack? Our top 25 T-Boys are yours if you subscribe at T-boypod.com slash newsletter. If you still want to get some merch for wearing the T-boy swagger, Jack and I got it also on T-boypod.com slash shop.

And finally, next week, we whipped up five bonus pods, the best of the best for you to listen to over the holidays. Five surprise pods of the T-boys of the T-boys. In the meantime, I'm going to go shadow the work of some of those elves. Yeti celebrate the wins. Jack and I will see you for the bonus pods. And before we go, a happy birthday to Yeti Adam Masawitz, who forgot his passport but then got his passport back, and is now celebrating the 30th birthday in Cancun.

Happy 29th birthday to Carl Velote in Boise, Idaho. And Grayson Carter is turning 21 at Vandy, anchor down. Happy birthday to Sophia, our great day. Gore Corcarra from Mexico, who's celebrating 43 years today. And Oden Barber is turning 11, 11 loving airplanes in Charlottesville, Virginia. Congratulations to Justin Worst, who's about to have the best birthday yet. And Mike Green is turning 50 years old in Ackworth, Georgia. Happy birthday to Sebastian Sebagel, who's celebrating a new job at the sheriff's office down in Daytona Beach.

And Anish Bajajaj, enjoy flying somewhere really cool for that birthday. Celebrate that way. Happy birthday to Kenny Corbett, who's celebrating with his golden retreat. in San Francisco. And Ronald Reyes is reading a book for his birthday down in Miami Beach. Happy birthday to Taras Milenchenko, the man, the myth, the legend in lovely Austin, Texas. And Walter L. Marguson III and Evie Vie Vieira are a couple of T-boys who are sobbing an anniversary in Juneau, Alaska. And Kelly Bradenbaugh has a brand spanking new meniscus and is recovering just outside Rochester.

And Shelby and Eric are having a baby in lovely Los Angeles. Congratulations to Noah Kaly's and his wife. who are having an anniversary and just found out they're having a baby girl. And Nick and Jackie have gone from dinks to dinkwads. They just got a puppy for Hanukkah. And to anyone else celebrating something today, make it a t-bore. Celebrate the wint. This is Jack.

I own stock of Ford and Amazon. And Nick and I both own stock of Spotify and Apple. And we both own some ETFs of the S&P 500. Two Stanley Tumblers. And an air friar just. Oh, dude. Say it with me. You guys say it.

Yeah. And an air fryer just for me.