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Hello Capitalists,
Here is everything you should be following today:
Beloved brand’s VP caught trashing his product on camera
“S--- for f---ing poor people”
Bessent teases a Christmas Fed Chair pick
Meta picks Google for chips and leaves Nvidia out in the cold
Space Force to build the next generation of Iconic American names
Drone ETF launches and takes off immediately
Today’s markets + assets:
✅ DOW: 46988.41 (⬆️ 1.16%)
✅ S&P: 6751.30 (⬆️ 0.69%)
✅ NASDAQ: 22960.04 (⬆️ 0.39%)
⚠️🔴CBOE VIX Volatility Index: 19.16 (⬇️ 6.63%)
✅ Gold: $4147.7 (⬆️ 1.31%)
✅ Silver: $51.07 (⬆️ 1.49%)
🔴 Bitcoin: $87,597 (⬇️ 0.83%)
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Campbell’s Soup VP busted for trashing his own products in wild tirade
A Campbell Soup cybersecurity analyst [ [link removed] ] secretly recorded a top executive trashing the company’s iconic canned products as “s--- for f---ing poor people” during a November meeting at the company headquarters, sparking a wrongful termination lawsuit and internal probe.
Exec Trashes Core Products: VP Martin Bally allegedly dismissed Campbell’s soups as low-quality fare for the economically disadvantaged, admitting he rarely buys them himself amid rants on bioengineered ingredients like 3D-printed chicken.
Racial Hostility Exposed: Bally’s recorded tirade included profane slurs against Indian colleagues, claiming they “don’t know a f---ing thing,” fueling claims of a toxic, discriminatory workplace culture.
Swift Retaliatory Firing: Analyst Robert Garza, hired just two months prior, lost his job 20 days after reporting the audio to supervisors, prompting his lawsuit for damages over alleged vengeance.
Company Damage Control: Campbell’s placed Bally on leave, launched an investigation, and defended its “high-quality” food as “patently absurd” to criticize, vowing the remarks clash with corporate values.
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Meta picks Google as their new chip partner and Nvidia tanks
Nvidia shares plunged 4% in premarket trading [ [link removed] ] Tuesday after a report revealed Meta Platforms plans to integrate Google’s tensor processing units into its data centers by 2027, signaling Big Tech’s push to diversify beyond Nvidia’s dominant GPUs amid booming AI infrastructure demands.
Meta Eyes TPU Integration: Meta, a top AI spender with $70-72 billion in projected capex this year, may rent Google’s TPUs via the cloud next year for immediate testing before full data center rollout.
Google’s Competitive Edge: Alphabet shares surged 4.2% premarket after Monday’s 6% rally, as Meta’s potential adoption validates Google’s homegrown TPUs—launched in 2018 and now optimized for cloud AI workloads.
Broadcom Gains Traction: Shares of Broadcom, a key designer of Google’s TPUs, climbed over 2% premarket following an 11% prior-day jump, highlighting supply chain ripple effects in the intensifying AI chip race.
Diversification Fuels Bubble Fears: Amid debates over an AI valuation bubble, hyperscalers like Meta seek chip alternatives to cut Nvidia dependency, even as Nvidia’s recent sales beat underscores its enduring market leadership.
Space Force goes old school with its new satellite naming system
In a nod to World War II fighter planes, the U.S. Space Force unveiled a dramatic new naming system Tuesday for its satellites and weapons—Attack, Defend, Pursue [ [link removed] ]—signaling an era of aggressive orbital warfare amid rising threats from China and Russia.
Revives Historic Aircraft Codes: The naming convention draws from the 1924 Army Air Service scheme, using prefixes like A for Attack and P for Pursuit to replace confusing acronyms for satellites and ground systems.
Instantly Recognizable: The Air Force naming system uses F for fighters and B for bombers leading to such iconic names as the F15 (Eagle) and B17 (Flying Fortress) and the B2 (Spirit)
Streamlines Bureaucratic Chaos: The change brings an end to multiple designations per asset boosting transparency and operational clarity for future deployments.
Heralds Offensive Capabilities: The naming system foreshadows persistent, armed space fleets for intelligence and strikes, praised by experts as a “start over” for independent Space Force dominance.
Bessent hints at a new Fed Chair before Christmas
Treasury Secretary Scott Bessent predicted Monday a “very good chance” President Donald Trump will announce a new Federal Reserve chair before Christmas, [ [link removed] ] potentially reshaping U.S. monetary policy amid ongoing interest rate debates and Powell’s term ending in 2026.
Bessent leads candidate interviews: As head of the search, Treasury Secretary Scott Bessent has one final interview pending, emphasizing the process is progressing smoothly without premature speculation on the pick.
Finalists span finance, policy: Potential nominees include National Economic Council director Kevin Hassett, ex-Governor Kevin Warsh, BlackRock’s Rick Rieder, and Fed Governors Christopher Waller and Michelle Bowman.
Trump’s critiques spark urgency: The president, a vocal Fed critic who recently joked about firing Chair Jerome Powell, urged Bessent to accelerate rate cuts, framing the shift as essential for economic relief.
Fed role eyes simplification: Bessent advocates returning the central bank to a subdued “background” function, focusing on calming markets and serving Americans rather than dominating complex post-crisis interventions.
Drone ETF launches and heads skyward in $60B market
Wall Street investors are pouring billions into the explosive drone economy, fueling a new REX Drone ETF that skyrocketed 4.65% on launch [ [link removed] ] amid military breakthroughs in Poland and Walmart’s rapid expansion of aerial deliveries to remote U.S. homes.
ETF Ignites Drone Frenzy: REX’s DRNZ fund allocates 80% to UAV innovators like Ondas Holdings, whose stock surged 24% on connectivity tech for aerial intelligence.
Military Might Accelerates: AeroVironment’s Switchblade munitions dominate battlefields from Ukraine to the Middle East, as U.S. defense budgets pivot sharply toward unmanned superiority.
Commercial Deliveries Explode: Walmart partners with DroneUp for swift rural drops, joining Amazon and UPS in transforming logistics with crop monitoring and pipeline inspections.
Growth Projections Dazzle: Industry eyes $60 billion by 2030 at 8-10% annual clip, blending AI from Palantir with untapped efficiencies in stealth security and global connectivity.
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