🤖 Amazon’s home robot

...who wants a bigger stake in the future smart home [Disclosures](   2040: Your avo toast is ready [onurdongel/E+ via GettyImages]   Last Week’s Market Moves   Dow Jones 34,326 (-1.36%) S&P 500 4,357 (-2.21%) Nasdaq 14,567 (-3.20%) Bitcoin $48,187 (12.48%) Dow Jones 34,326 (-1.36%) S&P 500 4,357 (-2.21%) Nasdaq 14,567 (-3.20%) Bitcoin $48,187 (12.48%) Hey Snackers, We hope your week is starting off better than this guy’s: A “missing” man in Turkey accidentally [joined]( a search party looking for him. Classic case of the Mondays. Stocks plunged last week, closing out September with their worst monthly performance since March 2020. The tech-filled [Nasdaq]( index dropped more than 3%. Driving the sell-off: inflation, supply-chain crunches, and Delta worries. Want to start getting Snacks daily? Or prefer to unsubscribe? Manage your subscription preferences [here](. BOT Smart Home: Amazon unveils a home robot in a bid for the connected future Same name as the Jetsons’ dog... Except it has a tablet for a head. [Amazon]( [rolled out]( new home gadgets at its hardware event last week, including a smart thermostat and a wall-mounted echo. The most interesting drop: a $1K Alexa-powered robot named Astro. Picture a 10-inch tablet on wheels. Control it like a metal dog, with voice commands or through an app. - Multitask queen: Astro follows you around while you video-chat on its tablet, and plays music and shows as you do laundry. - Host with the most: Astro transports stuff around the house in its storage compartment. Just don't ask it to take the La Croix upstairs (it can't climb). - Better than a bulldog: Astro patrols your home while you're on vacay, and can scope out areas where movement is detected. Connection, still loading... Amazon will offer a limited number of Astros starting later this year. So far the reviews have been underwhelming: Amazon developers [reportedly]( claim it's "terrible" and will "throw itself down" stairs. Still, Amazon has been building its suite of connected-home products, from Echo speakers and tablets to Amazon-branded TVs, and now robots. The goal: plant its flag in the connected home. - Today we have smart speakers like Amazon's Alexa and Google's Home Mini, along with thermostats, security cameras, and light dimmers. And let's not forget [iRobot's]( Roomba. - Tomorrow we could have [showers]( that turn on at your preferred temp when your alarm rings, health sensors that order Advil when they detect a fever, and AI bots that whip up spaghetti while you drive home. - The smart-home market is projected to [grow]( from $84.5B this year to $139B by 2026. And [63M]( American homes will qualify as smart by 2022. THE TAKEAWAY The smart future could unlock smart profits… The smarter homes become, the more connected hardware they’ll need to power them. That’s an opportunity for companies like Amazon to not only sell new hardware like Astro but also boost subscriptions and e-comm sales. Think: A smart fridge that automatically restocks groceries via Prime. But IoT is still early. Plus, all that connectedness requires tons of data on your home life. That could turn off some consumers. Zoom Out Stories we’re watching… Shots fired... [United Airlines]( [said]( it would fire nearly 600 US-based employees who failed to comply with its vaccine mandate. Meanwhile, chicken giant [Tyson]( is requiring all 120K of its US workers to be [vaxxed]( by November 1. It offered a $200 vax bonus and says 91% of its workforce has already gotten the shot. Last month, President Biden signed an exec order requiring companies with 100+ workers to ensure employees are vaxxed or submit them to weekly Covid tests. Expect corporate pressure to keep intensifying. Flated shopping spree... Consumer spending, aka the biggest driver of US economic growth, [jumped]( 0.8% in August after falling in July. Personal incomes ticked up thanks to wage gains and $300/month child tax credits. Splurging suggests economic recovery is ramping up heading into the holidays. Also ramping up: inflation. Prices popped 3.6% in August from last year, eating into households' buying power. Adjusting for inflation, August spending rose only 0.4%. Events Coming up this week... Kim Crawford wine, chilled... Booze giant [Constellation Brands]( owns grocery go-tos like Robert Mondavi wine, Svedka vodka, and Corona Hard Seltzer. Constellation benefited during the pandemic, when bar and restaurant closures had us couch-sipping hard seltzers and quarantinis. From March to December 2020, US liquor store sales hit $42B — up 20% from the same period in 2019. But sales have slowed this year as home-sipping declines. We’ll see if that has continued when Constellation reports earnings Wednesday. The blowout is back… [Helen of Troy]( whose brand portfolio includes Hydro Flask, Vick’s, and Dry Bar hair products, reports earnings Thursday. Helen owns or licenses trademarks for a variety of household, beauty, and health products. Sales jumped 29% last quarter, driven by growth in beauty as salons reopened and “going out” life picked up. But Helen still has regulatory issues to iron out, and it lowered its sales forecast for the rest of the year. ICYMI Last week's highlights... - [Roof]( The debt ceiling, explained: Why Congress’ fight over borrowing could tank the US economy — and its reputation. - [Ad-icted]( TikTok became one of few social networks to hit 1B+ users. It may have been cloned by Insta, Snap, and YouTube — but it’s not owned. - [Vision]( Direct-to-consumer glasses pioneer [Warby Parker]( is worth $5B after directly listing its shares on the market. But customer love doesn’t always mean profit. What else we're Snackin' - [Live]( The Stoic strategy of turning suffering into strength — and bad luck into good. - [Drive]( America's best-selling vehicles, state by state. Pickup trucks are thriving. - [Work]( Why everybody's hiring but nobody's getting hired. - [Wake]( Becoming a morning person is possible and doesn't have to be hard. 🍪 Want to start Snacking daily? Sign up [here]( for our daily market newsletter. The Snacks Daily Podcast “That’s right... We said pill.” Merck stock popped 8% Friday after the pharma giant said its Covid pill reduced hospitalizations and deaths by half. Tune in to our [snackable 15-minute]( pod for more. Snack Fact Of the Day [On Friday the USPS slowed its three-day delivery standard to slash costs — nearly 40% of first-class mail will see slower delivery than in the 1970s.]( This Week - Monday: Earnings expected from Duckhorn Portfolio - Tuesday: Earnings expected from PepsiCo - Wednesday: Earnings expected from Constellation Brands and Levi Strauss - Thursday: Weekly jobless claims. Earnings expected from Helen of Troy, Conagra, Lamb Weston, and Tilray - Friday: September unemployment rate Authors of this Snacks own shares of: Amazon and Google ID: 1860021 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. They are also not research reports and are not intended to serve as the basis for any investment decision. Any third-party information provided therein does not reflect the views of Robinhood Markets, Inc., Robinhood Financial LLC, or any of their subsidiaries or affiliates. 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