The Best One Yet - 🥩“Don’t disrupt the grill” — Weber’s BBQ IPO. Netflix’s podcasts. Inflation’s big winner.

Episode Date: July 14, 2021

Grilling icon Weber just announced a flame-broiled IPO, but its greatest strength is its greatest weakness. Netflix just made its 1st big hire for Netflix Podcasts because we’re entering the “Post-Couch Era.” And it’s official… from peanut butter to airplane tickets, you’re paying more for things — but there is 1 inflation winner.$WEBR $NFLXGot 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. It is Wednesday, July 14th. Stocks dipped yesterday because of our first story. Yeah, more on that. And I don't know, give or take seven seconds, Jack. But first, this is our best one yet.

Oh, also the T-Bone Steak emoji in the title of this podcast, Jack. Incredibly underrated emoji. Great emoji, even though, I'm avoiding beef. Very literal, very vivid emoji. First story, though, today. What do we got? From peanut butter to airplane tickets, the biggest jump in prices in 13 years just happened. But the things we just happened.

But the things we own are jumping in price too, and that is the inflation winner. For our second story, Weber, didn't just invent the grill. No, it didn't. They became the Kleenex of the barbecue. And now they're IPOing, but we noticed Weber Grill's greatest risk is their greatest strength. Third and final story, did you know that Netflix has podcasts? Nobody knew that Netflix had podcasts. This is awkward.

They just poached Apple to hire their first head of Netflix podcasts. Netflix is doing podcasts. Snackers, before we hit those three stories. This is my favorite mix yet, Jack. There are clubs. Yeah, you got to apply to get in those clubs. Then there's the exclusive clubs. You got to apply and then you got to know someone to get into those clubs.

Then there's clubs so exclusive. So exclusive. You literally, literally can't join. Because you are humans. Snackers, the Wall Street Journal just profiled New York City's private dog clubs. Yeah. So you can't join because you don't have a 10. Now, Nick was born and raised in New York, and I have honorary citizenship.

So we could tell you roundup that the parks department maintains 84 of their own public dog parks in New York City. Which are top spots for singles, we understand. Nice schnauzer. Yeah, cute cockapoo. But those public parks, they don't have private trainers. No, they don't. And they don't have sushi-grade dog treats. No, they don't.

And they don't have the best Kong chew toys money combined. So Jack and I jumped in snack style. Notice there are a dozen private dog clubs that let us. Fido, live it up del Bocco Vista style at a resort in New York City. Must be nice. They're not just letting any super mutt into this cloud. There's a 17 question quiz application that makes sure your dog knows its manners. Then you got to do a video interview to show off your dog's dog-on-dog interaction manners. And then only 70% past those first two steps. And then there's a $40 evaluation visit. And then once you're accepted, great. Then you start paying $2,000 a year in

puppy doves. Reminds us of that classic quote from Groucho Marx. He said, I'd never join a club that would have me as a member. He should apply to one of these clubs. Because he literally can't be a member. Let's hit our three stories. You're tuned in the snacks daily. We spoke to the lawyers

and we got to get something legal out the way. It's snacks about to hear rain food. It's 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. Nope. It's not a research report or Spin advice.

Not an offer or sale of a security. Right. Snacks is digestible. Business news for you. Robberhood Financial, LLC, member FINRA slash SIPC. For our first story, it's official. You're not crazy. You're paying more for things.

We just got the inflation data for June. It was huge. We checked the price tag. Yeah, we did. 5.4% higher. That's how much everything costs. The consumer price index. The name doesn't do a justice, Jack.

It just doesn't. bunch of economists in Washington, D.C. They go around the country measuring prices of everything. They got these clipboards. Bob, what do you pay for the Kit Kat over there? I paid $350 over here. They measure the price of 80,000 things, from red to bread to t-shirts to anything the common American buys.

Yeah. Open your drawers, open the cabinets, the stuff us typical Americans buy. That's what they're measuring. Okay. My favorite breakfast sausages and related products. That is a line item. I love this one, too. The prices went up 2% by the way, brutal.

And this one's for you, Nick, because I know you love sconces. I do. Clocks, lamps, and decorator items. Down. 0.9% which is a good thing. And yes, sconces do technically fit into that. The Bureau of Labor Statistics that does all this, they even measure both wine drank at home. Olive Garden and wine drank out.

Wine drank after the Olive Garden. Add it all up. Everything last month in June is 5.4% more expensive than a year before. The biggest jump in price. that you're paying for things since 2008, you're not crazy. Now, by definition, any increase in prices is called inflation. So technically, this is the biggest inflation jump since 2008. But this isn't your typical inflation because most of it is caused by bizarre one-off

imbalances in the economy caused by the pandemic. All right, Jack, I got the fridge you up in here. Skip these peanut butter, 3% more expensive, but used cars, 45%. percent more expensive. And the used car surge in prices compared to last year is driven by wildness in the rental car industry as well as a shortage of chips to make new cars. Okay, so it's not just raw car snackers. Maybe you're booking your first flight going on that revenge spending trip.

You're excited. You go to delta.com and boom, sticker shock. Airline prices are up 24%. But that's because we're comparing to last year when nobody was flying and like fares were depressed in prices. Yeah, it's not you. It's United. That's why the Fed and top economists in the White House think this heightened inflation is quote-unquote

transitory. Transitory is what PhDs like to call temporary to sound more intense. Right. They think the economy is still figuring things out from the pandemic and they're going to rebalance supply and demand soon and it'll all be back to normal. Is there another way we could put this, Jack? Nick really wants to call this tempflation. Yeah, it's like fetch.

It's going to happen. Templation is a thing in a lot of places. So, Jack, what's the takeaway for our buddies who are all of us affected by inflation? There's another type of inflation happening that isn't getting any attention. Yeah, Snackers, wild thing here. The 80,000 items in that consumer price index basket, those are the 80,000 things that average Americans buy. But they don't include stocks, they don't include bonds, or collectibles like art, that wealthy Americans buy.

And stocks and bonds and art prices happen to be way up right now. Way more up in price than peanut butter and housed wine is. Now, a big reason why the stock market is at a record high, The Federal Reserve is pumping trillions of money into the financial system during the pandemic. And the New York Times and The Economist both published pieces this week about the consequences of those Fed actions, which has increased inequality. So since June of last year, the S&P 500 is up a whopping 37%. That is some serious inflation big numbers. And it's mostly enjoyed by the wealthy who owed most of the stock.

Same story with home prices, which jumped 24% since last year, too. which is also mostly enjoyed by the wealthy, which owns the most real estate. So if you're lower or middle class, inflation mostly means you're paying higher costs on things you got to buy. If you're upper class, though, inflation has meant the things you already own are worth more. Tampflation. For our second story, rare or medium rare, by the way. Medium rare. Unless I'm trying to show off and then I order rare and I regret it.

You need that guy, went on it. Snackers, grilling, Icon, Weber just filed to IPO. The most important part of Weber the business is Weber the brand. Let it sink in more than a sec. In the meantime, Jack, a little bio here of our buddy George Stephan Sr. Who invented the original charcoal grill in 1952. This guy worked at a metal company called Weber Brothers Metalworks. And 70 years ago, he created the George's barbecue kettle.

Doesn't quite roll off the tongue. Feels like it needed a rebrand. No, but all a grill is is probably the same it was back then. box of metal that you can light fires in. Well, that metalworks company is now Weber Grills and it's been living its best life in the pandemic. That's right. They made a billion dollars in just the last six months selling grills, which is up 60% from last year. Jack, it feels like we could add Weber Grills to our publicly traded premium pandemic uniform. That's right. The roster of fancy outerwear gear that the world's affluent flock to during the pandemic. Yeah, anything

related to fancy outdoor dining, fancy outdoor socializing, or fancy outdoor recreational activities. And outdoors is what it was all about during the pandemic. So you needed the Yeti cooler, the Canada Goose jacket, the restoration hardware outdoor patio bench. And that completes the publicly traded premium pandemic uniform. Now, Weber just filed to IPO. So at the earliest, their stock will begin trading as Weber, kind of lame, in three to four weeks. In the meantime, Jack and I jumped in Snack style, checked out the S1I. IPO paperwork and found some fascinating stuff about Weber, except for the business model. It's basically just a grill company. They sell grills. That's it. There's nothing wrong with simple.

Yes, they sell grills. But the key is Weber has become to barbecue what Kleenex is to tissues. Snackers, get this wild statistic. One out of four grills on planet Earth is a Weber grill. If Weber isn't the number one grill brand in your country, then they're definitely number two. Jack, I had a little surprise stack. I kept on the side and didn't tell you earlier. But guess what? Weber grills are half of the grills in the country of Germany. Nick, the Germans are obsessed with the Weber Grill.

Do you grill Wiener Schnitzel? Is that how that works? You do. And the three American products Germans are most impressed with is the Tesla, the Harley Davidson, and the Weber. But one weird thing, Jack and I noticed in this Weber IPO paperwork, we kind of got to get this off our chest. Well, they're trying to act like a tech company,

and we find it kind of late. Yeah, they mentioned the word disrupt 44 times in their IPO paperwork, which is like 45 times too many. Are they disrupting the frying pen? Yeah, what's going on over here? They have Bluetooth their devices now. Like, unless the Bluetooth cooks the burger medium rare, who cares? Doesn't your dad's new grill have a Bluetooth feature?

What's it do? It confuses my dad. That's what it does, you know? So what's the takeaway for our buddies over at Weber Grill? Weber's brand is more important than its product. Snackers, another wild stat jack. And I notice Weber mentioned the word grill 144 times in their IPO paperwork, but they mentioned the word brand 227 times in the same paperwork.

Ipsopacto, Weber's brand is more important than Weber's grill. 87% of Americans can recognize the Weber name, which is better than the number that recognize Microsoft. It is a leader in its class. It's a well-known high-quality brand. Now, the number one risk Weber mentioned, though, isn't their supply. chain and isn't competitors. It's anything that might harm the Weber brand name. As they put it, our business depends on maintaining and strengthening our brand. They're dependent. So what if some

crazy video goes viral where a Weber grill involves and something bad happens? That could hurt their brand. And their brand has become more important than the product it represents. For our third and final story, this one's wild. Netflix just hired its first ever podcast person. Is this a new era for Netflix? Is it? It is, actually. They're turning each movie into a three-headed profit puppy. Oh, Jack, we got some big HR news right out in Netflix HQ.

The former head of content at Apple Podcasts has joined Netflix. Which, Jack, we should share this with the Snackers. If you want to see where a company is going, look on the hiring page. Look who they're trying to hire for. LinkedIn can be a corporate road map. It's not just for endorsements. So, Nigeria, yes, just joined Netflix. She used to be at NPR as well

and has a ton of experience launching podcasts, watching shows for your ears. But like, funny thing about Netflix that Jack and I find a little fascinating here, they already have podcasts. I couldn't believe this. The Irishman podcast is a Netflix original and it explains how that movie came to be so long.

Robert De Niro, why don't we do a six-hour interview and why the movie is six hours? The Crown has an official podcast that talks in depth about each The Crown episode with special guests. Mm-hmm. Now, Snackers, we're thinking, though, as the pandemic wanes, we think we're entering the PCE. That's right.

We're not BC and we're not A.D. We're P.C.E. Snackers, it is the year one of the post-couch era. The post-couch era. Netflix may be imagining an era when people stop binging so much darn TV. Yeah, and for the post-couch era, which we're entering right now, podcasts are the perfect complimentary fit. Because pods are the ultimate multitasking media. Preach, Jack.

If you're driving, if you're hiking, if you're working out, if you're running an errand, if you're applying thytast yourself on that thing on your thought. We've been there. You can listen to a podcast while you're doing it all. Jack, you can't watch a Netflix movie while you're spulunking, but you can listen to a Netflix podcast while you're spalunking. I've tried watching Netflix while tidying up, and it gets really annoying. I have to push pause all the time, you know?

It's awful. But pods are perfect. So Netflix has existing pods, but they always came second to the shmovies and movies that came first. Yeah. So we're thinking maybe now with this big new hire, Netflix will go podcast first with an eye toward video spinoffs. So Jack, what's the takeaway for our buddies over at Netflix? Every Netflix show now has to be a three-headed profit puppy. Yeah, the brands, the characters, all those in Netflix's thousands of shows, Snackers, those are all Netflix's properties. And after years of investing billions of dollars in content, Billions.

Netflix has a ton of that intellectual property. But Netflix just had a major change last quarter. They announced subscriber growth that slowed pretty significantly. Yeah, dude. Netflix needs to make more money in more ways. Case in point. Last month, Jack and I covered Netflix's new online store to sell fan merch and make new money. In November, Netflix is opening up the Bridgerton Ball in London,

which is a live experiential thing. They're selling tickets to here. We should go to that. To make you feel like you're in Bridgeton. I've got a wig. You've got a wig. We'll go with wigs. And based on this hiring, more shows are probably going to make more money with podcasts.

Because the goal is to turn every Netflix show into a three-headed profit puppy. In the post-couch era. Jack, and you'll whip up the breakfast sausage. I mean, the takeaways for us over there. We see record inflation in the rising prices of consumer goods, which Nick likes to call templation. It's not just me. A lot of people are saying this now, Jack. We see even more inflation in the rising prices of stocks and real estate. Big difference. Weber is the worldwide leader in grills and they're finally IPOing. Yeah, Under Armour protects his house. Weber protects this brand.

For our third and final story, based on the big new hire, Netflix is looking to add revenue through podcasts. Yeah, because every show needs to be a three-headed profit puppy in the post-couch era. Snacks smoothie? I think we should launch. Snacks movie. Now, time for our snack fact of the day. This one's sent in by a legendary Middlebury Panther, Andrew DeLoch, from lovely Winnetka, Illinois. Andrew has constantly been hounding us to have a special episode series called DeLunch with Deloge. He has. In the meantime, though, he's going to have to settle for this very good snack fact.

But to Andrew's snack fact, what are the only two days of the year where there are no sports to watch every year on those two days? Well, let that sink in. The only two days in the United States without major sports on TV. No baseball. No football. No basketball. No. Not there.

Or as Andrew calls it, the worst two days of the year. The answer is the day before and the day after the Major League Baseball All-Star game. If so facto, Jack. Today. Yeah. No sports. And two days ago. Snackers, you look fantastic.

Jack, this T-bone emoji we have in the podcast title is still freaking me out. It's very red, very bloody. It's very rare. If you haven't yet, scroll down, drop us five stars. We'd love to get your review and ready. And Nick and I will see you tomorrow. Can't wait yet. And before we go,

congrats to Snackers Ethan and Stephanie Stanton, who just got married on Long Island, lovely. And good luck to Steph Kapp, who was defending her masters in Amsterdam, the Netherlands. And Savannah Westwood, congrats on six years of being a savvy pet sitter, not too shabby. Congrats to Drew and Eric for getting engaged

in Tucson, Arizona. And in Young, congrats on taking the orthopedic surgery boards over in Cleveland, Rome on the lake. Happy birthday to Jonathan Wong in Campbell, California. And Chris Nickerson in Raleigh, North Carolina. And Jackson McKenna in West Jordan, Utah. And Jason Pang down in Brooklyn. And Erica Holcomb

in Atlanta, Georgia. And happy birthday to Neskak twins, Kevin and Kelly Coil from Normandy Beach, New Jersey. Anybody else celebrating something today, make it a T-Block. Celebrate the wins. This is Jack. I own stock and Netflix. Nick own stock of Apple. The Robin Hood Snacks podcast you just heard reflects the opinions of only the hosts who are associated persons of Robin Hood Financial LLC and does not reflect the views of Robin Hood Markets, 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. I've got a wig. You've got a wig. Well, I'll go with wigs.