Robinhood's Snacks Break: Whipping up the Corona-conomy Takeaways
- 1. Whipping up the takeaways in a few moments...
- 2. #SnacksBreaks: Whipping up the Takeaways on the Corona-conomy Friday, April 3rd, 2020
- 3. News Context Daily Ritual Community Our mission during this crisis Pants at a time like this?
- 4. Essential services only Movie theaters, malls, offices closed Streaming, delivery, food open Jobs disruption Work from home essential work (on the front lines) mass layoffs Stock market uncertainty Bear market profit downgrades corporate bailouts/bankruptcies What is the Corona-conomy? The biggest economic transformation weve ever seen
- 5. Economics Coronavirus blew a giant hole in the economy Business The Corona-conomy powerfully accelerates trends Markets The economy car likely isnt broken its just in the garage Our 3 Corona-conomy Takeaways
- 6. Coronavirus blew a giant hole in the economy Lost spending = lost income $2T is a survival bill... not stimulus bill Governments #1 goal = Keep people out of poverty Takeaway #1 - Econ Credit: New York Times
- 7. Coronavirus blew a giant hole in the economy The questions were still asking: Is it irresponsible to bailout industries unprepared for downturn? How long will the economic shutdown last? Will the economy quickly rebound? What other economic smack is most similar to this? Takeaway #1 - Econ
- 8. The Corona-conomy powerfully accelerates trends Work from home Cord cutting Digital and touchless payments Live-streamed fitness Direct-to-streaming movies Delivery everything Casual workwear Takeaway #2 - Business
- 9. The Corona-conomy accelerates trends The questions were still asking: Is the behavior shift permanent or temporary? What strategies can a business use to retain users? Does a first-mover advantage thrive in this moment? How long does it take to truly build a habit? Takeaway #2 - Business
- 10. Unlike in 08, the economic car likely isnt broken its just in the garage not running Likely winners Essentials Especially: Stay-at-home stocks War effort stocks Likely losers Just about everyone else Especially: Travel & Leisure IPO hopefuls Takeaway #3 - Markets Credit: Wall Street Journal
- 11. Unlike in 08, the economy car likely isnt broken its just in the garage The questions were still asking: Will this be a V-shaped recovery, or a long U-shaped one? Will the government take ownership in bailout companies? Who will enter bankruptcy? When will the IPO market open again? Takeaway #3 - Markets GDP GDP Time Time
- 12. What we cant discuss Investment advice Recommendations to buy or sell a security An offer or sale for any securities What we can The news Robinhood Snacks The pod, the newsletter, our entrepreneurial story How far we can run listening to 1 Snacks Daily episode Q&A
- 13. Follow us @RobinhoodSnacks Hear the pod on Apple or Spotify Get the newsletter at snacks.robinhood.com Robinhood Snacks newsletters and podcasts re鍖ect the opinions of only the authors who are associated persons of Robinhood Financial LLC and do not re鍖ect the views of Robinhood Markets, Inc. or any of its subsidiaries or affiliates. Robinhood Financial LLC is a subsidiary of Robinhood Markets Inc. 息 2020 Robinhood Markets Inc.