💰 Jobs, stocks, and stimulus talks

...the last jobs report of 2020 (it's in) [Disclosures]( When Santa arrives earlier than the second stimulus Last Week’s Market Moves Dow Jones 30,218 (+1.03%) S&P 500 3,699 (+1.68%) Nasdaq 12,464 (+2.11%) Bitcoin $19,247 (+2.47%) Dow Jones 30,218 (+1.03%) S&P 500 3,699 (+1.68%) Nasdaq 12,464 (+2.11%) Bitcoin $19,247 (+2.47%) Hey Snackers, The mysterious metal monolith has appeared (and disappeared) in Utah, Romania, and CA. Now stunt artists are [selling]( $45K "monoliths-as-a-service." But it's still aliens. Stocks closed last week at record highs on COVID-19 vaccine progress: [Pfizer]( vax got approved in the UK, and is currently getting reviewed by the FDA. [On the pod]( Petco filed to IPO under ticker symbol WOOF (meow-ouch to cats). Want to start getting Snacks daily? Or prefer to unsubscribe? Manage your subscription preferences [here](. Recap The final jobs report of 2020: we're rounding up the good, the bad, and the ugly If only BLS did a "Wrapped"... Instead, the Bureau of Labor Statistics just dropped "The Employment Situation" for November — aka: the final jobs report we'll see this year. We're wrapping up 2020 so far: - February: The unemployment rate was 3.5%, and social distancing meant flaking on plans to (voluntarily) watch Netflix all day. - March to April: Lockdowns hit, unemployment spiked to 14.7%, and the US economy lost a staggering ~22M jobs. - May to October: Unemployment consecutively fell each month as businesses reopened, from 13.3% in May to 6.9% in October. Drum roll for November... The US [added]( just 245K new jobs, down from 638K in October. Unemployment fell slightly to 6.7%, but that's partly thanks to people dropping out of the labor force (not searching for work = not unemployed). - The good: The US has added back more than 12M jobs since March, a promising vaccine is on its way, and stocks are at record highs. - The bad: The labor force is 2.2% smaller than pre-pandemic. That's [largely]( due to women dropping out to cover childcare. - The ugly: 10.7M Americans are still unemployed, the pace of recovery is significantly slowing, and Covid is surging. THE TAKEAWAY This could be the tipping point... The $2.2T stimulus in March, coupled with reopenings, drove a swift recovery. But now the rest of jobs will be harder to bring back, especially with new business restrictions: California [imposed]( a regional stay-at-home order that closes bars, salons, and forbids outdoor restaurant dining. Centrists in Congress have [unveiled]( a $908B economic aid proposal — November's jobs report could be a wake-up call to pass something ASAP. Highs Who's up... If you didn't post a "Wrapped" Insta story... did you even listen to music this year? [Spotify]( stock soared 15% last week, hitting a record high on "Wrapped" hype. Bad Bunny hopped to #1 for most streams, while Spotify [jumped]( to #9 on the US app store on Wednesday. The Swedish streamer also got boosted by Joe Rogan's podcast, which became Spotify exclusive (ICYMI: Spotify is [obsessed]( with pods). Freeing up parking space... [Boeing]( 737 MAX jets are back in the air after nearly two years of sitting in lots. Last week, [American Airlines]( flew the 1st public 737 MAX flight since March 2019, when the FAA grounded the troubled airliner after two fatal crashes. American filled the plane with journalists to [convince]( the public that it's safe ahead of its commercial flight on December 29th. Another show of support: [Ryanair]( ordered 75 more MAX jets. Boeing stock jumped 7% for the week. Lows ...and who's down No-K, Zoomer... [Zoom]( sales soared 367% last quarter, nearly quintupling from the same quarter last year and [accelerating]( for three straight quarters. Despite the insane momentum, investors weren't impressed because Zoom's expecting just 329% sales growth this quarter (yawn). Investors were also bummed about its shrinking profit margin, so the stock fell 13% for the week. Despite the tough crowd, Zoom shares have ~6X'd in value this year. The Undoing... of movie theaters, courtesy of HBO. Brad Pitt hit the fan on destructive [news]( from [AT&T]( WarnerMedia last week: Warner Bros. will release all 17 of its 2021 movies on HBO Max at the same time they hit theaters. Dropping the entire slate of films directly to streaming = no exclusive theatrical window. [AMC]( the world's largest theater chain, watched its stock plunge 21% for the week. What else we're Snackin' - [Hustle]( 5 signs that you're ready to take your side hustle full-time. - [Smile]( Neuroscience says doing this makes you as happy as eating 2,000 chocolate bars (hopefully not as sick). - [Commit]( WFH habits of great writers, from Hemingway's 6 a.m. draft to Murakami's exercise routine. - [See]( GIPHY's 10 most-viewed GIFs of 2020 (#8 pretty much sums it up — but so does #4). - [Work]( How to professionally decline an unnecessary meeting, because Zoom fatigue is real. - [Build]( How to break bad habits in three simple steps, according to #science. 🍪 Want to start getting Snacking daily? Sign up [here]( for our daily market newsletter. The Snacks Daily Podcast Choco legend [Nestle]( loves being the world's largest food company — but hates that its KitKats and Nespresso pods create greenhouse gases. So it's planning to invest $3.6B over the next five years to reach net zero carbon emissions by 2050 (and it dropped a 27-page plan to prove it). [Tune in]( to hear why Nestle will have to raise prices to keep shareholders feeling sweet. Snack Fact Of the Day [China is nearly as wide as the US, but the whole country officially has just one time zone]( This Week - Monday: Earnings expected from [Stitch Fix]( - Tuesday: Earnings expected from [Chewy]( - Wednesday: Earnings expected from [Campbell Soup]( - Thursday: Weekly jobless claims. Earnings expected from [Lululemon]( [Adobe]( [Oracle]( and [Costco]( - Friday: Consumer sentiment index released. ID: 1438225 Robinhood Snacks newsletters and podcasts reflect the opinions of only the authors who are associated persons of Robinhood Financial LLC and do not reflect the views of Robinhood Markets, Inc. or any of its subsidiaries or affiliates. They are meant for informational purposes only, are not intended to serve as a recommendation to buy or sell any security in a self-directed Robinhood account or any other account, and are not an offer or sale of a security. 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