I’ve got some bad news if you were applying to Google in hopes of working an hour per day. According to an internal memo, Googlers actually “work longer than 8-hour days on the days they’re working.” You hate to see it.

Here’s what else we’re getting into…

Enjoy the next 4 minutes and 2 seconds of blue-chip news and commentary.

Keep on snapping necks and cashing checks,

- tyler

PS, congrats to Alex H. from New York for winning the $250 Amazon gift card. Shoutout to everyone who filled out the TWC survey. Your input was super helpful and will help shape the future of TWC. Stay tuned…

+ US stocks "closed lower Thursday, as Federal Reserve chairman Jerome Powell dealt a blow to bets on sooner rather than later rate cuts after signaling that the Fed isn't ready to close the curtain on rate hikes." (Investing)

+ The 10-year Treasury yield "rose on Thursday as investors parsed economic data and comments from Federal Reserve officials for clues about what could be on the horizon for the economy." (CNBC)

+ Oil "finished above $80 a barrel on Thursday, after demand concerns and a fading war-risk premium triggered a sell-off earlier this week." (Reuters)

+ Bitcoin “swung close to $38,000, hitting May 2022 highs early Thursday, on continued expectations U.S. regulators will approve a bitcoin exchange-traded fund. Meanwhile, Ethereum spiked after BlackRock appeared to register an ETH ETF.” (IBD)

+ The three most talked about stocks on WallStreetBets in the past 24-hours were: 1) Nvidia +0.83% 2) Tesla -5.23% 3) Visa -0.93%.

McDonald’s and Krispy Kreme. Name a more dynamic duo. I’ll wait…

The chains responsible for like 90% of diabeetus in America, have officially put Ozempic on notice. They are in talks to expand a partnership that allows McDonald’s to offer Krispy Kreme donuts in-store.

A test in the Louisville and Lexington, Kentucky markets has gone swimmingly. And now the two American staples will be bringing Krispy Kreme donuts to a McDonald’s near you.

And it makes sense…

The move helps further McDonald’s goal of being a destination for coffee. Even though it's been slashing its bakery item selection in recent months… which didn’t sit well with the kinda of people who go to Golden Corral to celebrate major life milestones.

Plus, both will be able to capitalize on Americans’ insatiable appetite for “little treats”… which is an actual, real thing. In fact, Krispy Kreme was able to hike prices this year without negatively impacting volume, because human beings would rather get Kreme filled than do things like pay their mortgage or buy their kids’ meds.

But not even McDonald’s biggest collab since Beanie Babies could salvage Krispy Kreme’s Q3…

The donut shop missed on the top and bottom lines, sending shares down more than 6.5% on the day. Just imagine how bad things would be if it didn’t get bailed out by Ronald McDonald…

Still, shares are up nearly 20% on the year.

Don’t freak out, but the biggest product launch of all time is coming.

And if you want to be the first to know… GET ON THE WAIT LIST.

I’m super excited about this… it’s something I’ve been thinking about building for years, but finally got the chance as an independent creator.

BTW, everyone on the waitlist who decides to pull the trigger on [TWC PRODUCT] gets it a full week before the general public.

Get on the waitlist now. It’s free and takes like 4 seconds…

+ Here Is The Exact Salary That Defines Success For Gen Z and Millennials (Read)

+ The IRS makes tax filing simpler for next year with long-awaited improvement (Read)

+ ICYMI yesterday... The IRS makes tax filing simpler for next year with long-awaited improvement (Read)

+ J-Poww woke up today and chose violence. He sounded hawkish af during his IMF remarks… just a week after a pretty dovish post-FOMC press conference. Jay said the Fed isn’t confident it’s done enough to get inflation under control.

What exactly does that mean? More hikes (potentially). But don’t take my word for it. J-Poww came right out and confirmed investors’ worst nightmares: “If it becomes appropriate to tighten policy further, we will not hesitate to do so.”

Unsurprisingly, markets didn’t like Jerome’s attitude. Shares plummeted following his remarks, while Treasury yields spiked. (Read)

+ Listen, I’d never accuse Vince McMahon of needing some cash to pay off another former colleague he got handsy with… but he did decide to unload $700M worth of TKO stock (friendly reminder: that’s the new, publicly traded company that houses the WWE and UFC). Unsurprisingly, shares of TKO fell more than 5% on the news that Vince wanted to get liquid. (Read)

+ AMC CEO Adam Aron be like "I’ll f*cking do it again.” The theater chain’s demise is like a car wreck you just can’t look away from. Just when things are looking up (see: a decent earning report on Wednesday, the success of the Taylor Swift Era’s Tour movie, and the end of the actors’ strike) AMC proceeds to piss away what little goodwill it had left with investors. $AMC cratered nearly 14% after the meme stonk said it plans to sell another $350M worth of shares. (Read)

+ For a hot second yesterday, Microsoft banned ChatGPT internally… before reversing course. The reason it provided for adding ChatGPT to the same list as OnlyFans? “Security and data concerns.” Not exactly a ringing endorsement from the company that invested $10B in OpenAI… the maker of ChatGPT.

For what it’s worth, ChatGPT suffered a DDoS attack and was dealing with a major outage earlier in the day. So, maybe Microsoft was onto something… (Read)

Here's what I'm keeping an eye on today...

+ Soho House reports

+ The U of M Consumer Sentiment Index drops

+ Saturday is China’s Singles’ Day, the biggest shopping day in the world

Yesterday I asked What’s the worst restaurant to take a date to?

By far the most popular answer was Applebee’s. And in the words of Frank Costanza “I got a lot of problems with you people!” Why? One word: Dollaritas.

Here’s today’s question…

McDonald’s and Krispy Kreme announced that they’re expanding their partnership. Got me thinking…

Reply directly to this email and I’ll share the best answers tomorrow.

Oh, and one more thing…

Does this look like the face of a guy you should take financial advice from?

No, it’s the face of a God-fearing family man with sh*t-for-brains. So, act accordingly...

This is not financial advice. Nothing in this newsletter is an investment recommendation. All content is created for entertainment, educational, or informational purposes only. Do your own research, or do yourself a favor and hire a professional.