The Best One Yet - 🧑‍🎨 “The Da Vinci of Drive-Thru” — Taco Bell’s renaissance. Disney’s great experiment. Miami’s other money.

Episode Date: August 13, 2021

There’s a renaissance going on with Drive-Thrus, but Taco Bell just whipped up the ultimate masterpiece. Disney’s stock jumped 5% because it’s running The Great Streaming Experiment. And over in Miami, everyone’s talking about Bitcoin, even though they’re really thinking about Bonds.$YUM $DIS $FUBOGot 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. This is snacks daily. It is Friday, August 13th. The Dow climbed a tad to a record hot. Celebrate the wins, Jack. How we found about this pot? This is the best one, yeah.

It's a T-B-O-I. For our first story, what do we got? Please proceed forward to the next window because drive-thrues are having a renaissance. Taco Bell is Michelangelo. They just designed a masterpiece. For our second story, Disney stock jumped 5% after sprinkling pixie dust on its revenues. Disney, it's running the great screen and stream experiment. Real thing.

For our third and final story, the city of Miami is getting all the attention over cryptocurrency. Jack, put on your tank top. The real story in Miami isn't Bitcoin. It's bonds. Is it bonds? It's kind of bonds. Can you just say it's bonds? It is in this pod.

But Snackers, before we hit those three fantastic stories. It's a wonderful mix to end of the week. I love this one, Jack. We want to highlight a group that doesn't get enough love. Yeah, let's go into our serious voices now. The world was literally not made for them. We're talking, of course, about lefties. Lefties, happy national left-handed day, August 13th, every year.

Of course they get Friday to 13th, by the way. Again, you just never win if you're a left-hand. Only 10 to 12% of the world is left-handed. That's right. Not sure if it's nature or if it's nurture. Well, left-handers have to struggle at the driving range with right-handed clubs only. Oh, also, Jack, they're more likely if you're left-handed to have allergies. That's right.

the New England Journal of Medicine. Great journal. Left-handed people live shorter lives on average. Wild, and that's caused by industrial accidents because the machinery is made for the right-handed by default. If you're lefty, you also have a harder time writing in a notebook. Jack, your hand gets wet with the ink as you're writing left to right. And lefties can't do a lacrosse face-off, apparently. No, they can't. And guess what, Jack? Lefties can't play third base, apparently. If you're lefty, you don't have a cup holder on your left. For the driver, technically. But like, if you're a passenger, great. You can have fun with a left-handed cup holder. Sure, true, sure. If you're a sitting shotgun, lefty's ideal. Jack, how about lefty-lucy, righty-tidy?

Nick, that just sounds offensive. But it's not all bad for lefties. Lefties are more likely to have a higher IQ. Yeah, because they've had to adapt their entire lives to a right-handed first world. Yeah, they've had to Darwin themselves. Evolution of the lefties over there. And get this. Left-handed people are over-reperper. represented in the history of U.S. presidents of the United States. Jack, eight out of 46 presidents? What kind of way were they writing? Lefty. Lefty. This is Jack. And this is Nick. And we are both right-hand. Right. He's this part. This pod is for the left-handed snacks. Let's in 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. The snacks are about the hair ain't food. It's ear 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 about security. Snacks is digestible. Business news for you.

Robberhood Financial, LLC, member FINRA slash SIPC. For our first story, Taco Bell just launched the first ever Taco Tollbooth. It defies gravity and it defies time. Okay, before we jump into this, Jack, I mean, we do our happy birthdays at the end of the pod, but happy 100th birthday to the drive-in. There you go. Yeah, Kirby's pig stand in Dallas, Texas. They brought the food to your car.

It was the first one ever in 1921. There you go. We got food. We got cars. Let's get together. Let's do a thing together, right? Well, 2020, almost 100 years later, was a drive-through renaissance. A renaissance snackers.

Because, you know, you were too scared to go inside, but you were too hungry to wait for delivery. The Goldilat situation was drive-thru. Oh, 90% of McDonald's sales in the second quarter of the pandemic 2020 drive-thru. That's why Shake Shack and Applebee's are launching their first drive-thrus. Jack, our buddies over at Pizza Hut. They're adding 1,500 drive-thrus this year. Because even as the economy has been reopening,

drive-thru sales remain 13% higher than before the pandemic. Jack, this is like Florence, Italy, 14th century for drive-thrus, not just Michelangelo's. There's a lot of drive-thrus happening. Snackers, if drive-thrus are having a renaissance, then Taco Bell just built the Sistine Chap. Yes. Taco Bell already has some go-mobile locations, which is you can't come in. You can only order it on the phone, drive up, and they'll bring it to you. They're like, seriously, do not come in here. You can't do that. But Taco Bell just unveiled, Taco Bell defy. The first location is in Minnesota.

Behold, Snackers, it's a new store concept with even less human interaction. This is a palace for the drive-thru. They call it Defy because the kitchen is built above four drive-through lanes on top of it. And a dumb waiter brings the food down so you can grab it from your car. It's like hovering. This thing looks like an I-95 toll booth jack, like the one on the way to Connecticut. But for tacos, not for tokens. First thing you're going to do is check in with your QR code because you ordered ahead on your phone.

You're going to stick out your phone just like you're scanning an airline ticket, just that easy. If you have a question for someone, which hopefully you don't, you're going to chat via video screen with someone upstairs. Again, human interaction, not happening physically. Moments later, Taco Bell's proprietary lift system is going to bring the food down to your window level. You're going to reach out and you're going to crunch. Jack, this sounds like an elevator, but would you call it an elevator? Let's call it a bell elevator. Let's call it a bellivator.

What a masterpiece. So, Jack, what's the takeaway for our Renaissance buddies? over a Taco Bell. Speed kills the competition. Snackers, every second counts when customers are hungry for that crunch rap Supreme. You know what we're talking about. During the pandemic, though, because of COVID precautions and increased demand, drive-through took 30 seconds longer on average. But Snackers, once the pandemic ends, customers are going to demand speed. Customers are going to give away the empty space in their belly to whatever chain can fill it fastest. And according to one study, Jack and I found digital menus, they see.

speed up drive-through orders by 12 seconds on average and every second counts. Taco Bell isn't building this crazy store concept because it's wild architecture. Yes. They're building it because it's quicker. Yeah, human interactions, slow things down. Taco Bell doesn't just want to defy gravity. They want to defy time. Speed.

It's a competitive advantage. For our second story, Disney just jumped 5% yesterday. That's not something Disney typically does, by the way. We should just say that. Nick, they're not running. in a media company. No. Disney is running a media lab. First of all, Jack, we should wish some congratulations to the whole Disney theme park family down in Orlando. I'm dying to go back there with Wilder when he's tall enough to ride on the roller coasters. I'll take him. Feels like a podfather

opportunity. I don't know. But this was their first profitable corner since before the pandemic, the theme parks. Pop the sparkling water down in the Magic Kingdom. There you go. Give me the best first in Epcot Germany. Waiter. More of that top shelf grape juice. And since theme parks are one quarter of Disney's business, they helped beat expectations big time in the revenue department.

Yeah, $17 billion in revenues, not too shabby for our buddies over at Disney. And that sent the stock up 5%. But Snackers, here's what Jack and I find fascinating about Disney. We think they're running a great media experiment and we don't even realize it. Call it the Manhattan Pixar

Project. I like what you did there. Here's the thing, Snackers. Netflix, they only put movies on Netflix. So they're just focused on Netflix distribution. Disney, though, puts movies all over the place. Everywhere. They put movies everywhere. And they're experimenting big time.

Exhibit A, The Falcon and Winter Soldier, a Marvel Shmovie with six episodes and lots of loud noise. It went exclusively to Disney Plus, not in theaters. A lot of loud noise. Another example of an experiment here, Disney has a movie called Free Guy right now, which is a new movie with Ryan Reynolds. It's premiering right now only in movie theaters. Yes.

You can't watch it on Disney Plus. Okay. So the opposite of those Marvel movies. And then you got Luca, a coming of age movie about a boy who's actually a sea monster. Charming. Spoiler alert. You can stream that on Disney Plus. But this movie Luca also played in physical Disney theaters in Los Angeles for a full week, not just streaming. There is another kind of Disney movie, which is Cruella or Black Widow.

Those two movies premiered on Disney Plus streaming, but third. They're also in theaters the exact same premiere day in the real life movie theaters. But to watch those movies when they premiered on Disney Plus, you needed to pay an extra $30 for what we're calling Disney Plus Plus. This is like Disney's running your high school lab. They got 40 different beakers going on and three different Bunsen burners to see what's going to work. Don't forget, Disney also has a bunch of cable TV channels they eventually put them on. Which are neither on Disney Plus nor in theaters. And you also need to make sure it's not on Hulu.

We're ESPN Plus, what Disney also owe. Which are neither Disney Plus nor on theaters. So, Jack, what's the takeaway for our buddies just popping out experiments over Disney? All this confusion could lead us back to the bundle. Snackers, funny thing Jack and I noticed this week, Fubo TV, another media company, also announced earnings. Fubo TV offers a cable-like TV bundle with like 60 channels, but it's all through the internet. And their CEO was bullish for the future of his Fubo TV business, because of all the streaming experiment stuff we just heard from Disney.

He thinks people want to return to the bundle because those logins, those costs, those subscriptions, they're hard to keep track of. It's annoying toggling between Disney and Netflix and Prime and Hulu and Peacock and Paramount Plus and then figuring out what streaming where, when. He thinks we're all just guinea pigs in Disney's streaming experiment so that Disney can maximize profits. And it gets really confusing being part of this experiment in Disney's lab. So at least one company, Fubo TV, they're banking on cord cutters reconnecting the cord.

For our third and final story, the Port of Miami, lovely date spot, is borrowing $1.4 billion. Wall Street thinks they're good for it. Yeah. Because the cruise industry. There you go. Jack, can you walk over there? Can you whip out the old risk and reward menu of investments for the people? Yes.

On the spiciest, you got the very speculative and risky cryptocurrency. currencies. Next riskiest, you got stocks. That's what you got. On the less risky side is bonds. Bonds. Bonds. You give a company, a state, or college some cash, and they, this is where it gets exciting. This is where it gets thrilling. They pay you back with interest. This is the good stuff. All right, let's head down to Miami, where everyone's talking Bitcoin. Bitcoin, Bitcoin, Bitcoin, Bitcoin. But we're going to talk bonds. Bonds. Snackers, the biggest. Someone like all loaded up on Ethereum, just, spat out there, Mojito. Jack and I noticed a pretty major municipal bond deal went down this week, down in Miami.

Yes, the port of Miami, specifically, which is publicly owned, borrowed $1.4 billion. This is one big municipal bond I owe you. That's what this is. Yeah, it's a muni bond. And Miami doesn't have to pay this money back until 2050. Fantastic. Along the way, the port is going to pay investors under 2% interest for getting to borrow their cash. Why such a crazy low interest rate for a 30-year IOU? Well, Port of Miami's in

pretty good shape because a fifth of global cruise traffic comes through the Port of Miami. It is the like number one port for cruises. Jack, Chicago does logistics. Miami does floating all you can eat buffets. That's what Miami does. Now, this dock at the Port of Miami is so long. I looked at it on Google Maps. You can see four cruise liners. lined up one after another at this point. Yeah, this is where the next carbone is going to open, probably. And guess what? They parallel park these cruise ships.

Yeah. They're like, beep, beep. Do I have room? A little left, a little less to the left. And get this, they're going to use some of the $1.4 billion they're raising with this bond to construct a new, and I quote, boat birthing space so they can squeeze in another carnival cruise ship. Yeah, and it makes sense because cargo ships, they had their biggest year.

ever in 2020. Cruises had their worst year ever in 2020. But investors are confident that the port of Miami will collect enough fees to repay these muni bonds. Now, we have a great full circle situation here. Oh, this is where things just get beautiful, Jack. Muni bonds are very popular with older investors. In fact, three fifths of all U.S. municipal bonds are owned by Americans over the age of 65. Often through mutual funds and return. retirement accounts, they're less volatile than stocks or bonds. They're Nana approved. And here's the great circle of life part.

It's kumbaya. Nana takes you on a cruise and then what does Nana do with her other money, Jack? She financed the port where your cruise ship disembarks by buying those muni bonds. So Jack, what's the takeaway for our buddies down at the port of Miami and all muni investors? It is the best time for governments to borrow right now for three reasons. Snackers reason number one, because interest rates overall, are at record lows. The Federal Reserve wants the economy to recover, and low interest rates help that happen. Number two reason why it's the best time for governments to borrow, because COVID relief

bills just passed through Congress. And it gave billions of dollars of relief to states and local governments, including 66 million just for the port of Miami. And the third reason it's the perfect time, interest investors get paid by owning those municipal bonds is tax-free money. That's the thing about mutiny bonds, they're tax-free, the interest payments. And higher taxes on the wealthy are expected with the new infrastructure bill. So muni bonds are going to be popular. Add it all up, muti bonds are having a moment. The biggest since Will Smith hit Miami. Jack, can you whip up the takeaways for us over there while I still have your credit card? Taco Bell defy defies both gravity and time. Because speed kills competition in fast food. Disney is doing a ton of experiments with

their movies. And it can be confusing for us, and that could drive some of us back to the bundle. The port of Miami is borrowing $1.4 billion. No problem doing that because it's the best time for governments to borrow right now. Now, time for our snack fact of the day, which is actually a correction to yesterday's snack fact from the legendary snack factor snack factor. The snack factor is what his name is on Twitter. He corrected his own snack fact. Yesterday, we said that Alaska had 21 bears for every human being. Yeah, that sounds terrifying. It's actually one bear for every 21 people.

Exactly. 21 bears per person would actually be kind of more of a horror movie situation. That'd be something that the Alaska Tourism Department doesn't want you to know. But to send you off to the weekend, Jack and I found another shocking snack fact out of the great state of Alaska. What state has the most coastline of all 50 states by far? Combined. Alaska has more than... and all the other states combined.

There you go. It's not exactly a beach state, though. Ocean views. Frozen ocean views, though. Snackers, you look fantastic. Remember to celebrate the wins. Jack, I've still got your credit card. So I'll throw it on the tab.

What do you know? I guess I'll celebrate my own win over here. Yeah, I'll send it to you on Sunday. There we go. Snackers, have a fantastic weekend. We'll see you on Monday. Thanks for snacking. If you know, you know.

And before we go, a special shout-out to Sophie, a snacker in Ohio, whose car license plate is the best. one yet. H-Y-Y-Y-S-D. That's what's on her Honda Civic. Have you had your snacks daily? That's basically a tattoo on your cart right there. And we love it. Lily Kiesler in Los Angeles just hit her big sales goal. She's going on a trip to Cancun. Congratulations. Happy birthday to Christina Fawcett in Winnetka, Illinois, who snacks Dailies with her son, Tom. And happy birthday to Fabiola Zambrano in Bergen, Norway. And Colin McNamara in Cedar Rapids, Iowa. Happy birthday, and Ilana.

initially in Los Angeles, California. And Alex Wong over in San Francisco. And Boyo in Pacifica, California. And Yasmin, turn in 13 in Boston. Happy birthday to Yancey Vance in Tempe, Arizona. And Davey Dew in Stanford, Connecticut. And Denizie in Great Vine, Texas. Great names here.

Catherine DeSalle in Chicago doing logistics. Big happy birthday to Ben Cork, a.k.a. Benzel Corkington in North Sioux City. And Michelle and Nick just sold their startup. Huge congratulations. Great feeling. Happy anniversary to Sean and Eve. Beattie in Vancouver, Canada. And Robert and his wife, happy Annie, down in Short Hills, New Jersey.

Happy 10 years together to Hans and Nas in Sydney, Australia. Jack, RJ and Emma are getting married this weekend, Madison, Wisconsin. Fantastic. Ryan Walker and Kelly Cussin, congrats on getting married in Mount Snow. The big question, Corinthio North Face. The answer, both. Anybody all celebrating something today, make it a tee boy. Celebrate the wins.

This is Jack. Nick owns stock of ShakeShack. I own stock of Amazon and Netflix. Robin Hood Snacks, Newsletters, and Podcasts reflect the opinions of only the authors who are associated persons of Robin Hood Financial LLC and do not reflect the views of Robin Hood Markets, Inc, or any of its subsidiaries or affiliates. They are meant for informational purposes only and are not a recommendation to buy or sell any security, cryptocurrency, or investment strategy in any account.

This is not an offer or sale of a security, not a research report, and is not intended to serve on the basis for any investment decision. Any third-party information provided therein does not. reflect the views of Robin Hood Markets, Inc., Robin Hood Financial LLC, or any of their subsidiaries or affiliates. All investments involve risk, including loss of principal and past performance, does not guarantee future results. Robin Hood Financial LLC, member FINRA, SIPC.

Beep, beep. Do I have room?