Markets Falter Again; Walgreens And Humana Partnership Chatter

The Water Coolest

The Water Coolest is a free daily business news and professional advice email newsletter created for weekday warriors that is delivered fresh daily at 7 AM EST. Signup for the blue-chip daily business news, professional advice, and personal finance email newsletter …

[protected-iframe id=”1068ee42421b128c3f4d7cad69a369c6-97886205-133320964″ info=”cdn-images.mailchimp.com/embedcode/horizontal-slim-10_7.css” ]

THE HEADLINES

Don’t have 3 minutes and 49 seconds to read The Water Coolest? Listen on all of your favorite podcast outlets in 2 minutes or less.

 

DEBBIE DOWNER

Stock Market Crash

iStockphoto


*Cue the band from Titanic playing as anarchy ensues all around them*

All major US indices were down more than 1.5% yesterday, with the S&P 500 and Dow Jones Industrial Average completely wiping out their 2018 gainz. The S&P and Nasdaq were 10% and 14% below their record highs set in September and August respectively. But, hey, it could be worse, it could be November of 1929!

So what gives? Per usual … it’s complicated. Old and new trade tensions are weighing on markets as is a doom and gloom outlook on holiday retail sales. And then there’s Apple. Shares of AAPL fell nearly 5% yesterday on news of supplier disruption and yet another downgrade by Goldman Sachs.

But that’s not all. You know what they say: when it rains … worldwide financial and commodity markets meltdown. WTI crude hit its lowest mark since October 2017 and bitcoin fell to below $4,300 today. For those keeping score at home, this price marks the point where Jamie Dimon called bitcoin a ‘fraud’ during its meteoric ascent.

Water Cooler Talking Point: “Here’s something to be thankful for: markets can’t be down tomorrow …”

 

HEALIN’ AND DEALIN’

Walgreens and Humana Inc. are looking to enter some sort of commercially viable blood brother relationship. The two health-focused companies are in discussion to take equity shares in each other, adding to the list of healthcare and pharmacy companies getting in bed together.

The Walgreens-Humana deal wouldn’t be a true buy out like some of their competitors, the thought being that a smaller stake would incentivize both companies to work together, and lower the cost of customer acquisition.

Ever since the Big 3 (Amazon, Berkshire, and JPMorgan) came together to form the Dream Team of healthcare ventures, more traditional players have joined forces to catch up. In December of last year, CVS agreed to buy Aetna Inc. for $69B.

Water Cooler Talking Point: “Want to have fun at Thanksgiving? Walk into a room with people who have different views and say the words ‘single payer.”

 


IN OTHER NEWS

news

iStockphoto


  • Need proof that karma is a b*tch? Facebook’s ad manager platform was down for hours on Tuesday for both individual users and media buyers. This couldn’t have been worse timing for Facebook or advertising professionals trying to set and forget Black Friday ads ahead of the holiday.

 

  • Either Elon’s gone soft or Tesla chairman/Musk handler, Robyn Denholm has been side-hustling at SpaceX. Yesterday Musk announced that he will rename the BFR (more colloquially known as the Big F*cking Rocket) to Starship. We miss the old Elon.

 

  • The good news? Deutsche Bank handled at least $150B in transactions. The bad news? The money flowed through Danske Bank, which has been embroiled in a massive Russian money-laundering scandal.

 

  • Amazon, in what we can only assume is an effort to take over the world, has submitted a bid for Disney’s twenty-two regional sports networks. This includes the YES Network, which is partially owned by the Yankees. Fox, which many saw as the front-runner to acquire back the channels that it recently sold to Disney, did not submit a first-round bid.

 

You can subscribe now …

[protected-iframe id=”1068ee42421b128c3f4d7cad69a369c6-97886205-133320964″ info=”cdn-images.mailchimp.com/embedcode/horizontal-slim-10_7.css” ]

BroBible Newsletter - The best sports and culture news directly to your inbox

* indicates required