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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 we’ve ever seen
- 5. Economics Coronavirus blew a giant hole in the economy Business The Corona-conomy powerfully accelerates trends Markets The economy car likely isn’t broken — it’s 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” ○ Government’s #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 we’re 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 we’re 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 isn’t broken — it’s 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 isn’t broken — it’s just in the garage ● The questions we’re 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 can’t 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 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. Robinhood Financial LLC is a subsidiary of Robinhood Markets Inc. © 2020 Robinhood Markets Inc.