The Best One Yet - 🏈 “Tom rents a Tesla” — Hertz’s cookie deal. Walmart’s Bitcoin ATM. 23andMe’s personalized DNA.

Episode Date: October 26, 2021

Hertz teamed up with Tom Brady and Tesla for one of the biggest electric car deals ever. Coinstar’s coin counters are hitting 200 Walmarts to become the Bitcoin ATM for the people. And 23andMe wants you to call it “Dr. 23andMe” because its latest acquisition wants to personalize your next appointment based on your DNA.$HTZZ $ME $TSLA $WMT $BTCGot 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 Tuesday. Tea Boy Tuesday, October 26th. I hate when this happens. I know what you're talking about. I hate when this happens to.

Remember 24 hours ago we covered Pinterest and PayPal. We're dating thinking about hooking up. Was it more of like a Chandler Monica deal or like more of a Ross Rachel relationship? I don't know. Neither. The deal is off. PayPal just put out a statement that says they are not pursuing Pinterest at this time. Pinterest.

It's not you. It's me. PayPal. It's just not that India. This pod is very into you. It's the best one, yeah. This is a TBOY, Jack. What do we got for our first story?

Hertz just ordered 100,000 Teslas from Tom Brady. And he delivered. They should have come in Hertz yellow, though. That's the catch. For our second story, 23 and Me, already told you your ancestry is 17 to 21% Portuguese. Now, 23 and Me wants to be your online doctor forever. That's Dr. 23 and me.

For our third and final story, Walmart just partnered with CoinStar so you can convert your Mason jar full of spare change into crypto. Bitcoin, yes, that's I-O-6 next to the hunting and the camping. But before we hit that wonderful mix, this is a fantastic mix today, Jack. This past weekend, out by you, Nick, in California,

there was some aggressive weather. Jack, first of all, it hadn't rained in California in like eight months. It's a long drought. Yeah, then it rained too much in eight hours. It was flash flooding. It was aggressive. We crossed the bridge, go to dinner with Timmy Jack, and the restaurant had closed down

and we had to cross the bridge to come back home. I've seen pictures of flooded streets. I mean, it's not good. Yeah, it's basically like a giant swimming pool. But we noticed that the weather channel seems to be loving this extreme weather. Snackers, here's what we're noticing. The weather channel is thriving because extreme weather means extreme coverage, which means extreme viewer numbers.

And the weather channel has gone all in. They're basically an ultimate meme generator for every crazy weather event. Over the weather channel, they're whipping up meteorology terminology like they're Shakespeare. Take this weekend for existence. It wasn't a storm. It was a bomb cyclone. True thing, a bomb cyclone. And Jack, we didn't just get rain in California.

We had an atmospheric river. They're not into subtlety at the Weather Channel. So this winter, we're not going to get a snowstorm. We're going to get a polar vortex with AstroTurf. Do less weather channel. Do less. Now, the list of hurricane names this year seems particularly meme-worthy. I mean, Jack, can we talk about the virality,

of Hurricane Elsa? We had an Hurricane Elsa. Literally, the most popular character on the most popular Disney movie. Oh, not just Hurricane Elsa. We also had Hurricane Wanda this year. Literally a Marvel spin-off movie. Two Disney characters, two hurricanes named after him. Oh, hello. You want to work at the Weather Channel? First, can you tell the difference between a cumulus cloud and a nimbus cloud? Second, can you think of a way scarier word for cumulus cloud and nimbus cloud? That will really seal the deal if you can.

Snackers, for T-Boy Tuesday. Here's what Jack and I are hoping for. We want to know what's the wildest weather term you ever heard of. Can you beat out bomb cyclone with AstroTurf? Hit us up at Robin Hood Snacks, at Jack Kramer, at Nick of New York, Jack. Let's hit our three stories. You're tuned in the snacks daily. You snacks about to hear rain food. It's air candy.

They don't reflect the views of the Robin Hood family. It's all informational just so. We're not recommending any securities. It's not a research report or investment advice. Not an offer or sale of a security. Right. Snacks is digestible. Business news for you.

Robberhood Financial, LLC, member Fenra slash SIPC. For our first story, Hertz, just made one of the biggest ever largest electric car deals in history. And of course, it involves Tom Brady and Tesla. And of course, it sounds like a joke. So you got Hertz, you got Tesla, you got Tom Brady, and they walk into a bar. And they order 100,000 electric cars with crypto. Snackers. This is the biggest electric car deal ever. Starting in 2022, you can pop over to the airport in Indianapolis

and pick up or rent a Model 3 Tesla car from Hertz. Yeah, very cool announcement. The splashest announcement Hertz has ever made. They're very proud. So they hired Tom Brady to make that announcement in a commercial for them. They're like putting this up on the fridge situation. All right. So you got Hertz, Tesla, and Tom Brady. Each in this deal gets an obvious, clear, and tangible benefit. First, for Tesla, the obvious, clear. And tangible benefit is money. It's cash money. It's selling 100,000 cars.

That's going to make $4.2 billion in sales. Get this, Snacker. Next year, one out of 10 cars that Tesla delivers is going to be delivered to Hertz, the rental car company. Crazy. It's a huge sale. Sit down, stand up, and sit back down in your leather seat. And Wall Street has already rewarded Tesla with a 10% stock jump yesterday,

boosting Tesla's market cap to over $1,000. million dollars. Jack, we got ourselves another member of the Platinum Pegasus Club. It is Tesla. Tesla is now the sixth American company to join the one trillion dollar club. Get that platinum Pegasus stat too. Okay, so that's Tesla. For Hertz, the one big, clear obvious benefit is that this is a differentiator. Every rental car company trying to get you to come over to their booth at the airport. Hey, come over here. They're all offering the same mid-sized sedan, the same compact sedan, the same compact compact. Yeah, comes with seatbelts too. But now, Hertz is going to be 20% electric when this is done. Jack, what do I got to do to get you into this two-wheel

drive Accura? So instead of just picking the cheapest car on the lot, drivers may be tempted by the coolness of Hertz and Tesla. Okay, so you got Hertz, you got Tesla, the obvious tangible benefits. For Tom Brady, the obvious tangible benefit is, Jack, what would you say? Ego. It's ego. It's ego because Tom has never said no to a TV commercial starring Tom. But Snackers, this deal, it's like an Oreo. It's an Oreo cookie deal. It's not just the crunchy cookies on the outside. It's the cream filling on the inside that really matters. So, Jack, what is the cookie crumble takeaway for our buddies over at Hertz, over a Tesla, and over in Tampa Bay with Tom Brady? Those tangible benefits were great. The intangible benefits are even greater.

Oh, we got to talk about the cream on the inside snackers. For Tesla, the real benefit here is that this is the ultimate test drive. Because many Americans are still nervous about buying an electric car. Yeah, now you can test drive a Tesla for the whole weekend, the entire business trip for as long as you want and it's free charging. Hertz is paying for it. So instead of flying to L.A. like you would have, maybe you'll drive for four days in your Tesla on the Pacific Coast Highway with an ocean view. It'd be great. The only thing missing here is that Hertz should have required these be yellow-colored Teslas because that would have been incredible. So Tesla really just deployed 100,000 test cars for Americans to try out before buying.

For Hertz, the creamy, most delicious ultimate benefit here is really they get cultural relevance. You hear Hertz, you picture a Nissan maxima or equivalent. Yeah, now Hertz is a former meme stock that just did a deal with Elon Musk and Tom Brady. Never thought we'd see the day. And for Tom Brady, the intangible benefit to go along with the tangible benefit, more ego. Tom Brady gets more ego. For our second story, 23 and me just splurged $400 million to personally, your doctor visits based on your DNA.

That's Dr. 23 and me. I didn't go to seven years of D to C medical school for nothing. It's a real degree. That's a real degree up there. Snackers, 23 and me helped you understand your family's genes for cheaper and easier than even like your Wrangler jeans. Yeah, it beats them made well. Now, they launched with like an $1,000 DNA test back in the day, but now they've got it

down to $129 to sample your DNA. You spit in a tube. Nick and I, we've both done. It takes like 17 spits, by the way. You're going to want to be hydrated like two hours before you do this. It's ironic because they've democratized your DNA. And eventually, you'll get your results about both your ancestry and your health. What do you know?

You're 12% Greek. Oh, wait, that's Greek royalty. And you're predisposed to having a cat allergy. And I hate to break the news to you, but you have a high chance of developing a thing on your thigh according to your DNA. But you also are likely to appreciate the taste of cilantro. So it's actually a brilliant business model because they're going to getting paid to send out these kits. And when everyone sends in their results, they're creating a

massive database of people's DNA that they use to develop drugs. That's their second business line. So they're getting paid $129 just to get a data point that they then put into this database and then could get drugs out. But sales of those genetic kits that you spit into, they're slowing down. That's the vast majority of 23 and Me's revenue, but people are spitting once and then quitting. 23 and me stock is down 60% from their all-time house. But then Jack and I noticed 23 and Me stock has jumped 20% in the last week. And a big reason for that is what they just did. 23 and Me just acquired Lemonade Health, the other Lemonade,

that one. For $400 million. Lemonade Health. They're doing online doctor visits and prescription delivery, all direct to consumer, all online, no physical appointments. And together, 23 and Me and Lemonade, they can offer all that health care, but personalized, too. This isn't customizing like a sweet green salad tossing on some. tomatoes. Instead of reactive health care where you're treated just based on the physical symptoms you

show the doctor. Like, doctor, I've got a thing on my thigh. This could be proactive screenings and treatment based on your DNA. The doctor knows what that thing on your thigh is because they knew about your DNA beforehand. 70% of health care providers say genetic tests, which allow personalized treatments, will improve clinical outcome. And if personalizing your treatment works out, then you're a 23-me customer for life. You're not just doing the one- off $129 spitting in a tube. Now, 23 and Me is still far from that vision that Nick and I just described. That vision being personalized healthcare based specifically off of your chromosomes.

So, Jack, what's the takeaway for our buddies over 23 and me? Personalization. That's the trending word of five years from now. Yeah, funny thing Jack and I have noticed across industries, personalization is the buzzword in all of the future forecasts. For instance, Amazon has a new app where you can use your phone to scan your body So they have your exact measurements for a t-shirt. So you're getting a t-shirt that's not small, it's not medium, it's not large.

It's a t-shirt in size Brad. And eventually, Brad could do a whole outfit of just Brad-sized clothes. Cody Cosmetics is doing the same thing. They have a virtual makeup tool to personalize lipstick just for you. Julie doesn't match to the red blush. The red blush matches to Julie. Personalization. Historically, it's been limited to fitted golf clubs and a tailored t-suit.

But personalization is on a whole bunch of five-year roadmaps we're seeing from health care to t-shirt. For our third and final story, Walmart is letting customers buy crypto at 200 of its Walmart stores. Using CoinStar machines so you can go from your coins to different coins. Jack, can we talk about the CoinStar dump? The CoinStar dump. Because you don't see the CoinStar dump. You hear the CoinStar dump. You feel the CoinStar dump.

CoinStar, those big green machines, you dump your huge sock of spare chains into them to salvage some cash when you move out of your apartment. One second. I just herniated a disc trucking this thing over to like the grocery store on 14th Street so I could count my change. How'd you pay for those three jugs of wine? A 30 gallon jug of pennies. And they've got 20,000 of these big green kiosks that you do the coin star dump in worldwide. This is a worldwide operation. The best part of the coin star dump isn't the dump. No. It's the sound of the machine sorting the coins. It's like a plinkgo game. On the other hand, Jack, you do have the sadness of the rare coin that they reject, which I always take that personally. I was carrying counterfeit quarters? What?

But then you look and you're like, oh, it's a peso. Ah, I'm not getting there. Oh, this one, it's got Queen Elizabeth on it. That's going to be a problem. So CoinStar, the legendary master of the dump, is pivoting from coin to cash to coin to coin. It's actually like the ultimate ironic pivot because you can teach an old kiosk, new tricks, Jack. CoinStar has partnered with a cryptocurrency company so that when this is. it's done counting your $67.42.

So, you can do something else. So there are three things you can do with your loose change with a CoinStar machine. You can convert all that change to cash or to a gift card or to charity. But now there's a fourth option. You can convert that $67.42 to Bitcoin. Yeah. You always got to love the fourth option. Oh, and wait, there's more.

You can also just bring dollar bills or a credit card, put it in the machine, and convert that to Bitcoin, like a Bitcoin ATM. Basically, this is a reverse Bitcoin ATM and a coin converter into Bitcoin all in one kiosk. It's a very clunky process, though. Here's how it works. You insert the change or the credit card or cash money. Then you click buy Bitcoin.

Then you lose 11% of your money in fees. And then they print your receipt at the end of the process. It's almost impressively clunky. It's not done. You have to take that receipt and type in the or order number to set up an online account with the cryptocurrency company. Then you're going to see a bridge. You're going to cross the bridge where an old man will ask you three questions. You'll have to answer all three riddles at once, but not all at the same time.

It's cash to crypto. It's a journey. You're going from coin to a different coin. Available at Coinstar kiosk, not just in Walmart, also outside of Walmart. But here's the key that Jack and I find fascinating about this partnership. Walmart. Walmart is the key because Walmarts are within 10 miles of 90% of Americans. And CoinStar will now have Bitcoin at only 200 of them, which is a fraction of the 4,700 Walmart locations in the U.S., but you got to start somewhere. So, Jack, you walk in for the $23 lawnmower, but you walk out with one 500th of a Bitcoin. Lawmowers aren't $23. So what's the takeaway? You can't mow a sidewalk. So Jack, what's the takeaway for our buddies over an aisle 6 at Walmart?

is expanding, middle out. Middle out. That's the coding innovation behind the fake startup Hyde Piper on the HBO TV show Silicon Valley. Middle out is also the way that adoption of cryptocurrency is happening. Here's how Jack and I are seeing this. Early cryptocurrency adopters, they were neither from the bottom nor the top of the economic spectrum. Early Bitcoiners, they had some money. They might have read the white paper. They probably read a lot of tweets. They believed in blockchain, so they bought Bitcoin. Well, over the past couple weeks in particular, adoption of Bitcoin has broadened, but it's come from the upward and from the downward this time. Upward with the new Bitcoin Futures ETF that got approved last week by the SEC.

So it's easier for big institutions to buy crypto, and that is demand from the upward. And crypto is expanding downward with this CoinStar deal at Walmart. Yeah, so it's easier for people literally counting pennies to buy crypto now, and that is demand from the downward. Crypto is expanding middle out. Middle out. Jack, can you whip up the takeaways for us for T-Boy Tuesday, please. Hertz is adding 100,000 Teslas to their rental fleet.

It's like an Oreo, though, because the intangible benefits on the inside are better than the tangible ones on the outside cookie crust. 23 and me wants to become doctor 23 and me. Excuse me. Now, that is marriage material. Personalized is the trend. Personalized healthcare is their goal. CoinStar lets you convert to Bitcoin in 200 Walmart locations. Because Bitcoin is expanding. middle out. Now, time for our snack fact of the day. This one tweeted in by Erica Watson from lovely New York City. Beer, I think we can all agree, is very different than Coca-Cola are like

Pepsi. Yeah, except apparently if you're in Russia. Slight exception there. Surprise snackers. In Russia, beer was considered merely a soft drink until 2011. Until then, anything containing less than 10% alcohol in Russia was considered food stuff and could be sold like soda, even from street kiosk. and even just openly in public consumed on the street. Russia. If it's not vodka, it's not alcohol. In Soviet Russia, beer to drink you. Snackers, you look fantastic today, Jack.

You heard of anything cooler than a bomb cyclone weather pattern? How about a sunny day? It's a man who likes to keep things simple and I like it. Snackers, there's a hundred percent chance tomorrow's pod will be a team on. It's true. We checked the Doppler radar and, yeah, we did. Thinking I'll see you tomorrow. Can't wait.

And before we go, happy birthday to Snacker Gores Simmerville down in Delray Beach, Florida. And congrats on the new job to Jessica G. in Boston, Mass. And Lila, just got the new job at Peloton. Hope it comes with the Peloton over in Oakland. Happy two-year anniversary to Lori Ogle and Rob August in Austin, Texas. And Tina and Kevin Nguyen, listen every day together. It's their anniversary over in Elk Grove, California. If you're celebrating something today, make it a tee boy.

Celebrate the wins. This is Jack. I own stock of Amazon and Levi's and some Bitcoin and Nick own stock of Apple. 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, 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 as the basis for any investment decision. Any third-party information provided therein does not reflect the views of Robinood Markets Inc., Robinto Financial LLC, or any of their subsidiaries or affiliates. All investments involve risk,

including loss of principle and past performance, does not guarantee future results. Robin Hood Financial LLC, member FINRA, SIPC. Leave it. Leave your unfinished joke. That was really good. Leave your completely half joke. And, uh, yeah.

I like your daffler.