Fighting the good fight

[The beef 675] [I'm an image] "In a time of unprecedented political stability and agreement, there’s no way this deal fails, right?" - Jeff Hey there carnivores, Markets climbed slightly into the close on Friday, but still closed down on the week. Today we’re discussing Uber and Lyft collaborating. I promise it’s not what you think. Keep raging, Jeff & Jason [Image] [I'm an image] Fight for your right to party Uber CEO Dara Khosrowshahi and Lyft head honcho Logan Green are fighting for their right to party in Cali. That's right, the two rivals have joined forces. The common enemy? The State of California. You see, last week a California appeals court sided with an initial ruling that the Golden State’s AB5 law does indeed apply to the preferred ride-sharers of piss-drunk twenty-somethings willing to risk it all to grab a cold one with the boys. What does that mean? Well, the companies must classify their drivers as employees, providing eligibility for paid sick leave and health benefits. Uber and Lyft will [have to comply with the reclassification]( within 30 days of a formal ruling, which typically happens 60 days after the announcement of the ruling. Ah, the American legal system. I've got a proposition for you Of course, these court rulings might not mean d*ck if the good people of California have anything to say about it. Proposition 22, [as it’s been formally dubbed](, will be on the ballot November 3rd. That's right, Californians will have the right to choose if Uber lives or dies... And Uber and Lyft have put together a massive $189M PR effort, along with Postmates, DoorDash, and Instacart, to sway public opinion. The most expensive initiative in California history is asking voters to exempt the ride-share (and other gig economy) companies from the ruling and effectively tell the California government to go f*ck itself. By law, the vote will supersede any court ruling, because, #merica. Should Uber and Lyft fail to win the popular vote they can always appeal to the California Supreme Court. But why would people do that? Because riding in a yellow cab is for peasants. And because Uber and Lyft have threatened to effectively shut down in the state if the ruling stands, which could erase hundreds of thousands of good paying jobs. In order to comply with the ruling the companies claim they can only hire 3 of 10 drivers, and would have to pre-schedule shifts, removing the flexible schedules currently afforded to the contractors. On top of that, the companies have sent in-app notifications to customers warning that if they are not reclassified, costs of rides would rise between 20% and 100%. Because nothing is more effective than threatening the people with surge pricing. The bottom line... Apparently, Uber and Lyft are showers, not growers. The companies have shown how massive their operations are and how the ripple effect of added costs will negatively impact everybody from the riders to the non-employees. But in the ruling, the courts called bullsh*t on their argument that they are "too big" to be burdened by employees. [I'm an image] The Tesla Of The Off-Road Industry? [Alternate text]( Now, Another Company Disrupting The Electric Vehicle Space Is Expected To IPO Soon Join The Boardroom LIVE Tomorrow At 8 PM ET To Learn How You Can Get Access To It Limited Seating Available [Reserve Your Spot Here!]( [Alternate text] ☑️America runs on Dunkin... ... but it looks like Dunkin's about to run on PE money. Inspire Brands (which is owned by Roark Capital), which owns Buffalo Wild Wings and Jimmy John's is considering [taking Dunkin' private]( in a deal worth $8.8B, a 20% premium over Friday's closing price. But, it looks like Inspire might be channeling its inner Warren Buffett. "[Dunkies](" trades at 34 times earnings, compared to a median of 37 for the industry. And while this year is expected to be the first since 2011 that will see a drop in the number of outlets specializing in coffee or tea in the US, chains like Dunkin' and Starbucks have seen growth. Stay tuned, Massholes. ☑️Outside looking in. Chipmaker Intel [reported]( a 10% drop in sales for its third quarter on Friday, resulting in a 10% drop in the company’s stock price. In addition to the sales decrease, it also released lower-than-expected guidance for the upcoming fourth quarter. Revenues came in at $18.3B, which was in line with analysts estimates, but earnings per share was $1.02 compared to estimates of $1.11. That's 28% less than the same quarter last year. And it can't even blame 'rona boi for its disastrous quarter... Last year, Intel f*cked up development of its 7-nanometer chip, which is used in PCs and graphics cards (translation: the hardware that makes video games and smut videos look stunning). The error has allowed competitors like AMD to step up and satisfy the market's needs. Remember fellas, if you don't get it done, someone else will. AMD's stock price rose 3% on the news of Intel’s struggles. ☑️Welcome back. Turns out Canada exports more than Tim Hortons and NHL prospects. Cenovus Energy will [acquire]( Husky Energy, creating Canada’s third largest oil and natural gas producer. The deal will increase Cenovus’s oil output by 275k barrels per day, to a total of 750k. Not that there's anyone to actually buy it... Both companies have been on the, presumably diesel-fueled, struggle bus due to a lack of demand. Thanks, 'rona. But get this... Cenovus and Husky are at a further disadvantage, as the Alberta oil sands have a limited amount of pipelines going to and from it, meaning producers have to accept price discounts for their product. The deal, valued at $2.9B, is expected to close in Q1 2021. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. 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