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    …and AMC reports (but Barbenheimer's not included)
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              </a>
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                  <p>
                   White-picket fence still loading (Mario Tama/Getty Images)
                  </p>
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                       <span style="font-family: 'General Grotesque Bold', Arial; text-decoration: none; font-weight: 700; letter-spacing: 0.03em; color: #000000; line-height: 15px; font-size: 13px;">
                        Sponsored by
                       </span>
                      </a>
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                       <img height="22" src="https://inboxflows.com/_/image/https%253A%252F%252Fimages.ctfassets.net%252Fmwphzyq69oso%252F3O0ndrw6kiI3KssjcJ2fTk%252F8eadcb31a658bdc67a8e388197cd85bc%252Foutput-onlinepngtools__3_.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZpbWFnZXMuY3RmYSJ9:1qSz8W:lrTuayxXaisOQgZPN7phmLXYQFRuMt-4mu2Eva2hKYI" style="vertical-align:middle; height:22px; max-height: 22px;"/>
                      </a>
                     </td>
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                   </tbody>
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                 </div>
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               </tr>
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            </td>
           </tr>
          </tbody>
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        </div>
        <!--[if mso | IE]></td></tr></table><![endif]-->
       </td>
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     </tbody>
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   <div style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);margin:0px auto;max-width:600px;">
    <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);width:100%;">
     <tbody>
      <tr>
       <td style="direction:ltr;font-size:0px;padding:0 10px;text-align:center;">
        <!--[if mso | IE]><table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:580px;" ><![endif]-->
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         <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
          <tbody>
           <tr>
            <td style="vertical-align:top;padding:0;">
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
              <tbody>
               <tr>
                <td align="center" style="font-size:0px;padding:10px 25px;word-break:break-word;">
                 <div style="font-family:'General Grotesque', Arial;font-size:13px;line-height:1;text-align:center;color:#000000;">
                  Last Week’s Market Moves
                 </div>
                </td>
               </tr>
               <tr>
                <td style="font-size:0px;word-break:break-word;">
                 <div style="height:20px;line-height:20px;">
                 </div>
                </td>
               </tr>
               <tr>
                <td align="left" class="desktop marketIndices" style="font-size:0px;padding:0;word-break:break-word;">
                 <table border="0" cellpadding="0" cellspacing="0" style="color:#000000;font-family:'General Grotesque', Arial;font-size:13px;line-height:22px;table-layout:auto;width:100%;border:none;" width="100%">
                  <tr>
                   <td>
                    <span class="text" style="font-family: 'General Grotesque', Arial; font-size: 13px; line-height: 22px; padding: 0;">
                     Dow Jones
                     <br/>
                     <span style="font-family: 'General Grotesque Bold', Arial; font-weight: 700;">
                      35,066
                      <span style="color: rgb(255, 80, 0);">
                       (-1.11%)
                      </span>
                     </span>
                    </span>
                   </td>
                   <td>
                    <span class="text" style="font-family: 'General Grotesque', Arial; font-size: 13px; line-height: 22px; padding: 0;">
                     S&amp;P 500
                     <br/>
                     <span style="font-family: 'General Grotesque Bold', Arial; font-weight: 700;">
                      4,478
                      <span style="color: rgb(255, 80, 0);">
                       (-2.27%)
                      </span>
                     </span>
                    </span>
                   </td>
                   <td>
                    <span class="text" style="font-family: 'General Grotesque', Arial; font-size: 13px; line-height: 22px; padding: 0;">
                     Nasdaq
                     <br/>
                     <span style="font-family: 'General Grotesque Bold', Arial; font-weight: 700;">
                      13,909
                      <span style="color: rgb(255, 80, 0);">
                       (-2.85%)
                      </span>
                     </span>
                    </span>
                   </td>
                   <td>
                    <span class="text" style="font-family: 'General Grotesque', Arial; font-size: 13px; line-height: 22px; padding: 0;">
                     Bitcoin
                     <br/>
                     <span style="font-family: 'General Grotesque Bold', Arial; font-weight: 700;">
                      $29,020
                      <span style="color: rgb(255, 80, 0);">
                       (-1.00%)
                      </span>
                     </span>
                    </span>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
               <!--[if !mso]><!-->
               <tr>
                <td align="left" class="mobile marketIndices" style="font-size:0px;padding:0;word-break:break-word;">
                 <table border="0" cellpadding="0" cellspacing="0" style="color:#000000;font-family:'General Grotesque', Arial;font-size:13px;line-height:22px;table-layout:auto;width:100%;border:none;" width="100%">
                  <tr>
                   <td>
                    <span class="text" style="font-family: 'General Grotesque', Arial; font-size: 13px; line-height: 22px; padding: 0;">
                     Dow Jones
                     <br/>
                     <span style="font-family: 'General Grotesque Bold', Arial; font-weight: 700;">
                      35,066
                      <span style="color: rgb(255, 80, 0);">
                       (-1.11%)
                      </span>
                     </span>
                    </span>
                   </td>
                   <td>
                    <span class="text" style="font-family: 'General Grotesque', Arial; font-size: 13px; line-height: 22px; padding: 0;">
                     S&amp;P 500
                     <br/>
                     <span style="font-family: 'General Grotesque Bold', Arial; font-weight: 700;">
                      4,478
                      <span style="color: rgb(255, 80, 0);">
                       (-2.27%)
                      </span>
                     </span>
                    </span>
                   </td>
                  </tr>
                  <tr>
                   <td>
                    <span class="text" style="font-family: 'General Grotesque', Arial; font-size: 13px; line-height: 22px; padding: 0;">
                     Nasdaq
                     <br/>
                     <span style="font-family: 'General Grotesque Bold', Arial; font-weight: 700;">
                      13,909
                      <span style="color: rgb(255, 80, 0);">
                       (-2.85%)
                      </span>
                     </span>
                    </span>
                   </td>
                   <td>
                    <span class="text" style="font-family: 'General Grotesque', Arial; font-size: 13px; line-height: 22px; padding: 0;">
                     Bitcoin
                     <br/>
                     <span style="font-family: 'General Grotesque Bold', Arial; font-weight: 700;">
                      $29,020
                      <span style="color: rgb(255, 80, 0);">
                       (-1.00%)
                      </span>
                     </span>
                    </span>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
               <!--<![endif]-->
              </tbody>
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            </td>
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          </tbody>
         </table>
        </div>
        <!--[if mso | IE]></td></tr></table><![endif]-->
       </td>
      </tr>
     </tbody>
    </table>
   </div>
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   <div style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);margin:0px auto;max-width:600px;">
    <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);width:100%;">
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                 <div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
                  <p>
                   <b>
                    Hey Snackers,
                   </b>
                  </p>
                  <p>
                   A new “Lord of the Rings” plot hole just dropped: if Sauron wanted the ring so bad, why didn’t he just offer Frodo $2M? That’s what rapper Post Malone did,
                   <a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
                    buying
                   </a>
                   a one-of-a-kind “Magic: The Gathering'' card bearing the one ring to rule them all from a Toronto forklift operator.
                  </p>
                  <p>
                   Stocks ended the week in the red, with the S&amp;P 500 down 2.3%, after a rare US credit downgrade on Wednesday sent jitters through markets. July data showed that US job growth cooled, while wages grew faster-than-expected.
                   <b>
                    Amazon
                   </b>
                   stock popped last week after strong earnings, but
                   <b>
                    Apple
                   </b>
                   slumped as investors digested falling hardware sales.
                  </p>
                 </div>
                </td>
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               <tr>
                <td align="left" style="font-size:0px;padding:0;word-break:break-word;">
                 <div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
                  <strong>
                   Btw...
                  </strong>
                  Do you want to start getting Snacks daily? Or prefer to unsubscribe? Manage your subscription preferences
                  <a rel="noopener" style="color: #26A19B; text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                   here
                  </a>
                  .
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                <td align="center" class="light" style="font-size:0px;padding:10px 25px;padding-top:24px;padding-right:0;padding-bottom:24px;padding-left:0;word-break:break-word;">
                 <p style="border-top:solid 1px #e3e9ed;font-size:1px;margin:0px auto;width:100%;">
                 </p>
                 <!--[if mso | IE]><table align="center" border="0" cellpadding="0" cellspacing="0" style="border-top:solid 1px #e3e9ed;font-size:1px;margin:0px auto;width:580px;" role="presentation" width="580px" ><tr><td style="height:0;line-height:0;"> &nbsp;
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   <!--[if mso | IE]><table align="center" border="0" cellpadding="0" cellspacing="0" class="" role="presentation" style="width:600px;" width="600" bgcolor="rgb(255, 255, 255)" ><tr><td style="line-height:0px;font-size:0px;mso-line-height-rule:exactly;"><![endif]-->
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                  <div style="font-family: 'General Grotesque Bold', Arial; font-weight: 700; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; display: inline-block;">
                   Crib
                  </div>
                 </div>
                </td>
               </tr>
              </tbody>
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            </td>
           </tr>
          </tbody>
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        </div>
        <!--[if mso | IE]></td></tr></table><![endif]-->
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     <tbody>
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       <td style="direction:ltr;font-size:0px;padding:0 10px 20px;text-align:center;">
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         <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
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            <td style="vertical-align:top;padding:0;">
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                 <div style="font-family:'General Grotesque Bold', Arial;font-size:24px;font-weight:700;line-height:32px;text-align:left;color:#000000;">
                  <p>
                   The US housing shortage means no one’s making moves — and gridlock could last years
                  </p>
                 </div>
                </td>
               </tr>
               <tr>
                <td align="left" style="font-size:0px;padding:0;word-break:break-word;">
                 <div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
                  <p>
                   <b>
                    50 neighborhoods, zero open houses
                   </b>
                   <i>
                    …
                   </i>
                   By some measures, it’s never been harder to find a home in America — let alone an affordable one. The problem: there are fewer than half as many houses for sale as there were five years ago, and that’s driving up prices and forcing folks to put their white-picket dreams on ice. Homebuilding giants like
                   <a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
                    Lennar
                   </a>
                   <b>
                   </b>
                   and
                   <a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
                    KB Home
                   </a>
                   <b>
                   </b>
                   are benefiting as they race to get more houses on the market, but supply is still lagging behind.
                  </p>
                  <ul style="padding-left:18px">
                   <li style="margin-bottom:12px">
                    <p>
                     <b>
                      Sticker shock:
                     </b>
                     Existing-home sales dropped to a five-month low in June. FYI: the median home sale price is $416K, about $100K higher than prepandemic.
                    </p>
                   </li>
                   <li style="margin-bottom:12px">
                    <p>
                     <b>
                      Window-shop:
                     </b>
                     Even foreigners are cooling on US cul-de-sacs. International buying of US homes dropped by 14% to the lowest # on record (~85K homes).
                    </p>
                   </li>
                   <li style="margin-bottom:12px">
                    <p>
                     <b>
                      ZIP-code hop:
                     </b>
                     In Q4, over a quarter of property searches on
                     <a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
                      Redfin
                     </a>
                     <b>
                     </b>
                     were in cities that prospective buyers didn't live in, as remote workers looked to leave pricey metro hubs.
                    </p>
                   </li>
                  </ul>
                  <p>
                   <b>
                    Golden handcuffs...
                   </b>
                   People who snapped up houses during the near-zero-interest era don’t want to give up the sweet rates they’ve locked in. Close to 90% of mortgage-holding homeowners have a rate under 6%, while the current 30-yr fixed is closer to ~7%. Homeowners are staying put, even if they’ve outgrown their houses: over 80% say they feel “locked in” by low rates. Meanwhile, others feel locked into the lease life:
                  </p>
                  <ul style="padding-left:18px">
                   <li style="margin-bottom:12px">
                    <p>
                     <b>
                      #ForeverRenters:
                     </b>
                     70%+ of renters say they’ll never be able to afford a home. Rent prices are cooling for the first time in years, after surging throughout the pandemic.
                    </p>
                   </li>
                  </ul>
                  <p>
                  </p>
                 </div>
                </td>
               </tr>
               <tr>
                <td align="left" style="font-size:0px;padding:0;padding-top:18px;word-break:break-word;">
                 <div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:700;line-height:0;text-align:left;color:#000000;">
                  <table>
                   <tbody>
                    <tr>
                     <td style="padding: 0 8px 0 0; height: 17px;">
                      <img height="17px" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.robinhood.com%252Fmarketsnacks_assets%252Fv2%252Ftakeaway-black.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4ucm9iaW5obyJ9:1qSz8W:D0E18p9ltiCNWtVvod2rXISVa4mrD6fDPZqzoeSNjEU" width="17px"/>
                     </td>
                     <td style="font-family: 'General Grotesque Bold', Arial; width: 100%; padding: 0; height: 17px; line-height: 0; padding-top: 1px;">
                      THE TAKEAWAY
                     </td>
                    </tr>
                   </tbody>
                  </table>
                 </div>
                </td>
               </tr>
               <tr>
                <td align="left" style="font-size:0px;padding:0;word-break:break-word;">
                 <div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
                  <p>
                   <b>
                    Gridlock needs a (Fed) green light…
                   </b>
                   Potential buyers are waiting for lower rates to afford a home, and homeowners who want to sell are waiting for lower rates to be free of their golden cuffs. Nearly 80% of consumers think it’s a bad time to buy a house, and over half of owners who plan to sell in the next three years are waiting for mortgage rates to drop. It could be a while: last month, Fed Chair Powell said rate cuts were
                   <a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
                    still
                   </a>
                   “a couple years out.”
                  </p>
                 </div>
                </td>
               </tr>
               <tr>
                <td align="center" class="light" style="font-size:0px;padding:10px 25px;padding-top:24px;padding-right:0;padding-bottom:24px;padding-left:0;word-break:break-word;">
                 <p style="border-top:solid 1px #e3e9ed;font-size:1px;margin:0px auto;width:100%;">
                 </p>
                 <!--[if mso | IE]><table align="center" border="0" cellpadding="0" cellspacing="0" style="border-top:solid 1px #e3e9ed;font-size:1px;margin:0px auto;width:580px;" role="presentation" width="580px" ><tr><td style="height:0;line-height:0;"> &nbsp;
</td></tr></table><![endif]-->
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               </tr>
              </tbody>
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            </td>
           </tr>
          </tbody>
         </table>
        </div>
        <!--[if mso | IE]></td></tr></table><![endif]-->
       </td>
      </tr>
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   </div>
   <!--[if mso | IE]></td></tr></table><table align="center" border="0" cellpadding="0" cellspacing="0" class="" role="presentation" style="width:600px;" width="600" bgcolor="rgb(245, 248, 250)" ><tr><td style="line-height:0px;font-size:0px;mso-line-height-rule:exactly;"><![endif]-->
   <div style="background:rgb(245, 248, 250);background-color:rgb(245, 248, 250);margin:0px auto;border-radius:8px;max-width:600px;">
    <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="background:rgb(245, 248, 250);background-color:rgb(245, 248, 250);width:100%;border-radius:8px;">
     <tbody>
      <tr>
       <td style="direction:ltr;font-size:0px;padding:24px 32px;text-align:center;">
        <!--[if mso | IE]><table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="column-outlook" style="vertical-align:top;width:536px;" ><![endif]-->
        <div class="mj-column-per-100 mj-outlook-group-fix column" style="font-size:0px;text-align:left;direction:ltr;display:inline-block;vertical-align:top;width:100%;">
         <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
          <tbody>
           <tr>
            <td style="vertical-align:top;padding:0;">
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
              <tbody>
               <tr>
                <td align="left" style="font-size:0px;padding:0 0 14px;word-break:break-word;">
                 <div style="font-family:'General Grotesque', Arial;font-size:13px;line-height:15px;text-align:left;color:#000000;">
                  <div style="font-family: 'General Grotesque Bold', Arial; font-weight: 700; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; display: inline-block;">
                   Sponsored by Mode Mobile
                  </div>
                 </div>
                </td>
               </tr>
               <tr>
                <td align="center" style="font-size:0px;padding:0 0 26px;word-break:break-word;">
                 <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-spacing:0px;">
                  <tbody>
                   <tr>
                    <td style="width:536px;">
                     <img height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fimages.ctfassets.net%252Fmwphzyq69oso%252F2SET55XRopmuIv9geWpGDU%252F55d5857314aa0c795a9d8f19520f293b%252FMode_Robinhood_Screen_v1.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZpbWFnZXMuY3RmYSJ9:1qSz8W:lrTuayxXaisOQgZPN7phmLXYQFRuMt-4mu2Eva2hKYI" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="536"/>
                    </td>
                   </tr>
                  </tbody>
                 </table>
                </td>
               </tr>
               <tr>
                <td align="left" class="type-no-paragraph-margins" style="font-size:0px;padding:0;word-break:break-word;">
                 <div style="font-family:'General Grotesque Bold', Arial;font-size:24px;font-weight:700;line-height:32px;text-align:left;color:#000000;">
                  <p>
                   The Biggest Disruption To $martphones in 15 Years 🤳🏼
                  </p>
                 </div>
                </td>
               </tr>
               <tr>
                <td align="left" style="font-size:0px;padding:0;word-break:break-word;">
                 <div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
                  <p>
                   <b>
                    <i>
                     Flip the Script
                    </i>
                   </b>
                   : Turn your phone from a cost to an income source. Intriguing idea, isn't it? This is why we have our eyes on the launch of
                   <a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
                    Mode’s Equity Offering
                   </a>
                   . It’s the latest in a series of impressive raises among smartphone innovators, likely spurred by Apple’s recent $3T valuation.
                  </p>
                  <p>
                   <b>
                    Mode saw 150x revenue growth from 2019 to 2022
                   </b>
                   , a leap that has made them one of America’s fastest growing companies. Mode is on a mission to disrupt the industry with
                   <a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
                    "EarnPhone," a budget smartphone that’s helped consumers earn &amp; save $150M+
                   </a>
                   for activities like listening to music, playing games, and ... even charging their devices?!
                  </p>
                  <p>
                   Early backers are getting up to
                   <b>
                    60% bonus stock
                   </b>
                   , and in the first month alone,
                   <b>
                    9,900+ investors acquired shares
                   </b>
                   —
                   <b>
                   </b>
                   leaving only ~10% in the tier
                   <b>
                    .
                   </b>
                  </p>
                  <p>
                   📈
                   <a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
                    Claim Exclusive 60% Bonus: $0.08/share
                   </a>
                   *
                  </p>
                 </div>
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
          </tbody>
         </table>
        </div>
        <!--[if mso | IE]></td></tr></table><![endif]-->
       </td>
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   </div>
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    <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="width:100%;">
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       <td style="direction:ltr;font-size:0px;padding:20px 10px 20px;text-align:center;">
        <!--[if mso | IE]><table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="column-outlook" style="vertical-align:top;width:580px;" ><![endif]-->
        <div class="mj-column-per-100 mj-outlook-group-fix column" style="font-size:0px;text-align:left;direction:ltr;display:inline-block;vertical-align:top;width:100%;">
         <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
          <tbody>
           <tr>
            <td style="vertical-align:top;padding:0;">
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
              <tbody>
               <tr>
                <td align="center" class="light" style="font-size:0px;padding:10px 25px;padding-top:24px;padding-right:0;padding-bottom:24px;padding-left:0;word-break:break-word;">
                 <p style="border-top:solid 1px #e3e9ed;font-size:1px;margin:0px auto;width:100%;">
                 </p>
                 <!--[if mso | IE]><table align="center" border="0" cellpadding="0" cellspacing="0" style="border-top:solid 1px #e3e9ed;font-size:1px;margin:0px auto;width:580px;" role="presentation" width="580px" ><tr><td style="height:0;line-height:0;"> &nbsp;
</td></tr></table><![endif]-->
                </td>
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            </td>
           </tr>
          </tbody>
         </table>
        </div>
        <!--[if mso | IE]></td></tr></table><![endif]-->
       </td>
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   </div>
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                <td align="left" style="font-size:0px;padding:0;word-break:break-word;">
                 <div style="font-family:'General Grotesque', Arial;font-size:13px;line-height:15px;text-align:left;color:#000000;">
                  <div style="font-family: 'General Grotesque Bold', Arial; font-weight: 700; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; display: inline-block;">
                   Events
                  </div>
                 </div>
                </td>
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   <div style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);margin:0px auto;max-width:600px;">
    <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);width:100%;">
     <tbody>
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         <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
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                <td align="left" class="type-no-paragraph-margins" style="font-size:0px;padding:0;padding-top:24px;padding-bottom:12px;word-break:break-word;">
                 <div style="font-family:'General Grotesque Bold', Arial;font-size:24px;font-weight:700;line-height:32px;text-align:left;color:#000000;">
                  <p>
                   Coming up this week
                  </p>
                 </div>
                </td>
               </tr>
               <tr>
                <td align="left" style="font-size:0px;padding:0;word-break:break-word;">
                 <div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
                  <p>
                   <b>
                    Cue Nicole Kidman intro… AMC
                   </b>
                   said it had its best week
                   <i>
                    ever
                   </i>
                   for box-office sales thanks to the Barbenheimer frenzy. But those Kentastic #s
                   <i>
                    won’t
                   </i>
                   be included in AMC’s earnings tomorrow. In May, the world’s largest movie-theater chain reported rising sales and smaller losses as moviegoers returned to red velvet seats. But revenue is still lower than prepandemic levels, and AMC’s at risk of running out of cash as its massive debt load comes due starting next year. More hits would help it avoid bankruptcy, but writers/actors are still striking.
                  </p>
                  <p>
                   <b>
                    Specialized swiping…
                   </b>
                   Women-message-first app
                   <b>
                    Bumble
                   </b>
                   reports tomorrow, a day after LGBTQ-focused dating app
                   <b>
                    Grindr
                   </b>
                   . Grindr squeezed 41% more $$ out of paying users last year and reported continued growth in May, while Bumble got a revenue boost from users buying “compliments.” In a sign that swipers could keep spending,
                   <b>
                    Match Group
                   </b>
                   — which owns Tinder and Hinge as well as apps for single parents, 50-and-older daters, and Muslim singles — reported record quarterly revenue last week.
                  </p>
                 </div>
                </td>
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                <td align="center" class="light" style="font-size:0px;padding:10px 25px;padding-top:24px;padding-right:0;padding-bottom:24px;padding-left:0;word-break:break-word;">
                 <p style="border-top:solid 1px #e3e9ed;font-size:1px;margin:0px auto;width:100%;">
                 </p>
                 <!--[if mso | IE]><table align="center" border="0" cellpadding="0" cellspacing="0" style="border-top:solid 1px #e3e9ed;font-size:1px;margin:0px auto;width:580px;" role="presentation" width="580px" ><tr><td style="height:0;line-height:0;"> &nbsp;
</td></tr></table><![endif]-->
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       </td>
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   </div>
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   <div style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);margin:0px auto;max-width:600px;">
    <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);width:100%;">
     <tbody>
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       <td style="direction:ltr;font-size:0px;padding:0 10px;text-align:center;">
        <!--[if mso | IE]><table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="column-outlook" style="vertical-align:top;width:580px;" ><![endif]-->
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         <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
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            <td style="vertical-align:top;padding:0;">
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
              <tbody>
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                <td align="left" style="font-size:0px;padding:0;word-break:break-word;">
                 <div style="font-family:'General Grotesque', Arial;font-size:13px;line-height:15px;text-align:left;color:#000000;">
                  <div style="font-family: 'General Grotesque Bold', Arial; font-weight: 700; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; display: inline-block;">
                   Zoom out
                  </div>
                 </div>
                </td>
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              </tbody>
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            </td>
           </tr>
          </tbody>
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        </div>
        <!--[if mso | IE]></td></tr></table><![endif]-->
       </td>
      </tr>
     </tbody>
    </table>
   </div>
   <!--[if mso | IE]></td></tr></table><table align="center" border="0" cellpadding="0" cellspacing="0" class="" role="presentation" style="width:600px;" width="600" bgcolor="rgb(255, 255, 255)" ><tr><td style="line-height:0px;font-size:0px;mso-line-height-rule:exactly;"><![endif]-->
   <div style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);margin:0px auto;max-width:600px;">
    <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);width:100%;">
     <tbody>
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       <td style="direction:ltr;font-size:0px;padding:0 10px 20px;text-align:center;">
        <!--[if mso | IE]><table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="column-outlook article-outlook" style="vertical-align:top;width:580px;" ><![endif]-->
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         <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
          <tbody>
           <tr>
            <td style="vertical-align:top;padding:0;">
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
              <tbody>
               <tr>
                <td align="left" class="type-no-paragraph-margins" style="font-size:0px;padding:0;padding-top:24px;padding-bottom:12px;word-break:break-word;">
                 <div style="font-family:'General Grotesque Bold', Arial;font-size:24px;font-weight:700;line-height:32px;text-align:left;color:#000000;">
                  <p>
                   Stories we’re watching
                  </p>
                 </div>
                </td>
               </tr>
               <tr>
                <td align="left" style="font-size:0px;padding:0;word-break:break-word;">
                 <div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
                  <p>
                   <b>
                    Streaming’s Hail Mary…
                   </b>
                   As the NFL’s preseason kicks off, streamers like
                   <b>
                    Google’s
                   </b>
                   YouTube,
                   <b>
                    NBCUniversal
                   </b>
                   ’s Peacock, and
                   <b>
                    Amazon
                   </b>
                   ’s Prime Video are hoping their costly deals to broadcast games will boost subs, but it’s no guarantee. After Amazon became the exclusive home of “Thursday Night Football” last season, TNF viewership plummeted 41%. YouTube, which is paying $2B/season for “NFL Sunday Ticket,” will need 4.5M subs to break even on the deal (former rights-holder
                   <b>
                    DirecTV
                   </b>
                   had ~1.5M). Cash-burning streamers are hoping for a W this season.
                  </p>
                  <p>
                   <b>
                    When fresh goes stale…
                   </b>
                   <b>
                    Amazon
                   </b>
                   ’s
                   <a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
                    planning
                   </a>
                   to revamp its grocery-shopping experience as it reaches for a larger slice of the $1.5T US market. In addition to redesigning its Fresh stores and adding Whole Foods locations, it said it’ll expand its fresh-food delivery to non-Prime members. The “everything store” had struggled to sell perishables profitably (picture: huge minimum orders to break even), and last month it cut 100s of Amazon Fresh employees. Now, despite its record of shuttering Amazon Books and Go locations, it’s doubling down on IRL stores.
                  </p>
                 </div>
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               <tr>
                <td align="center" class="light" style="font-size:0px;padding:10px 25px;padding-top:24px;padding-right:0;padding-bottom:24px;padding-left:0;word-break:break-word;">
                 <p style="border-top:solid 1px #e3e9ed;font-size:1px;margin:0px auto;width:100%;">
                 </p>
                 <!--[if mso | IE]><table align="center" border="0" cellpadding="0" cellspacing="0" style="border-top:solid 1px #e3e9ed;font-size:1px;margin:0px auto;width:580px;" role="presentation" width="580px" ><tr><td style="height:0;line-height:0;"> &nbsp;
</td></tr></table><![endif]-->
                </td>
               </tr>
              </tbody>
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            </td>
           </tr>
          </tbody>
         </table>
        </div>
        <!--[if mso | IE]></td></tr></table><![endif]-->
       </td>
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     </tbody>
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   </div>
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     <tbody>
      <tr>
       <td style="direction:ltr;font-size:0px;padding:0 10px;text-align:center;">
        <!--[if mso | IE]><table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="column-outlook" style="vertical-align:top;width:580px;" ><![endif]-->
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         <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
          <tbody>
           <tr>
            <td style="vertical-align:top;padding:0;">
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
              <tbody>
               <tr>
                <td align="left" style="font-size:0px;padding:0;word-break:break-word;">
                 <div style="font-family:'General Grotesque', Arial;font-size:13px;line-height:15px;text-align:left;color:#000000;">
                  <div style="font-family: 'General Grotesque Bold', Arial; font-weight: 700; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; display: inline-block;">
                   ICYMI
                  </div>
                 </div>
                </td>
               </tr>
              </tbody>
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            </td>
           </tr>
          </tbody>
         </table>
        </div>
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       </td>
      </tr>
     </tbody>
    </table>
   </div>
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   <div style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);margin:0px auto;max-width:600px;">
    <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);width:100%;">
     <tbody>
      <tr>
       <td style="direction:ltr;font-size:0px;padding:0 10px 20px;text-align:center;">
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         <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
          <tbody>
           <tr>
            <td style="vertical-align:top;padding:0;">
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
              <tbody>
               <tr>
                <td align="left" class="type-no-paragraph-margins" style="font-size:0px;padding:0;padding-top:24px;padding-bottom:12px;word-break:break-word;">
                 <div style="font-family:'General Grotesque Bold', Arial;font-size:24px;font-weight:700;line-height:32px;text-align:left;color:#000000;">
                  <p>
                   Last week's highlights
                  </p>
                 </div>
                </td>
               </tr>
               <tr>
                <td align="left" style="font-size:0px;padding:0;word-break:break-word;">
                 <div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
                  <ul style="padding-left:18px">
                   <li style="margin-bottom:12px">
                    <p>
                     <a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
                      IOU
                     </a>
                     <b>
                      :
                     </b>
                     The US got its first downgrade from a major credit-rating agency in over a decade, which sent jitters through global markets.
                     <b>
                      Fitch
                     </b>
                     pegged its downgrade to the debt-ceiling drama.
                     <b>
                      JPMorgan
                     </b>
                     ’s
                     <b>
                     </b>
                     CEO called the move “ridiculous.”
                    </p>
                   </li>
                   <li style="margin-bottom:12px">
                    <p>
                     <a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
                      Unpacked
                     </a>
                     <b>
                      :
                     </b>
                     The Biden admin introduced an income-driven repayment plan to lighten student-debt loads as loan payments are set to resume (psst: this fall). The SAVE plan application site went live last week.
                    </p>
                   </li>
                   <li style="margin-bottom:12px">
                    <p>
                     <a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
                      Admart
                     </a>
                     <b>
                      : Walmart
                     </b>
                     is incorporating third-party ads in its self-checkout lanes, TV aisles, and store intercoms as its ad biz grows fast. Ads have become a big side hustle for retailers like
                     <b>
                      Kroger
                     </b>
                     and
                     <b>
                      Target
                     </b>
                     .
                    </p>
                   </li>
                  </ul>
                  <p>
                  </p>
                 </div>
                </td>
               </tr>
               <tr>
                <td align="center" class="light" style="font-size:0px;padding:10px 25px;padding-top:24px;padding-right:0;padding-bottom:24px;padding-left:0;word-break:break-word;">
                 <p style="border-top:solid 1px #e3e9ed;font-size:1px;margin:0px auto;width:100%;">
                 </p>
                 <!--[if mso | IE]><table align="center" border="0" cellpadding="0" cellspacing="0" style="border-top:solid 1px #e3e9ed;font-size:1px;margin:0px auto;width:580px;" role="presentation" width="580px" ><tr><td style="height:0;line-height:0;"> &nbsp;
</td></tr></table><![endif]-->
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
          </tbody>
         </table>
        </div>
        <!--[if mso | IE]></td></tr></table><![endif]-->
       </td>
      </tr>
     </tbody>
    </table>
   </div>
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   <div style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);margin:0px auto;max-width:600px;">
    <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);width:100%;">
     <tbody>
      <tr>
       <td style="direction:ltr;font-size:0px;padding:0 10px 18px 10px;text-align:center;">
        <!--[if mso | IE]><table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="column-outlook" style="vertical-align:top;width:580px;" ><![endif]-->
        <div class="mj-column-per-100 mj-outlook-group-fix column" style="font-size:0px;text-align:left;direction:ltr;display:inline-block;vertical-align:top;width:100%;">
         <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
          <tbody>
           <tr>
            <td style="vertical-align:top;padding:0;">
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
              <tbody>
               <tr>
                <td align="left" style="font-size:0px;padding:0;word-break:break-word;">
                 <div style="font-family:'General Grotesque Bold', Arial;font-size:24px;font-weight:700;line-height:32px;text-align:left;color:#000000;">
                  What else we're Snackin'
                 </div>
                </td>
               </tr>
               <tr>
                <td align="left" style="font-size:0px;padding:0;padding-top:12px;word-break:break-word;">
                 <div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
                  <ul style="padding-left:18px">
                   <li style="margin-bottom:12px">
                    <p>
                     <a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
                      Hello
                     </a>
                     <b>
                      :
                     </b>
                     The people who’ve been trying to reach you about your vehicle’s extended warranty have
                     <i>
                      really
                     </i>
                     been trying: last week, the FCC issued a record $300M fine to the companies behind 5B robocalls.
                    </p>
                   </li>
                   <li style="margin-bottom:12px">
                    <p>
                     <a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
                      Transfer
                     </a>
                     <b>
                      :
                     </b>
                     Mexico received $60B in remittances last year, mostly from US-based workers sending $$ to family. But the strengthening peso is making USDs worth less, while inflation’s weighing down transfer amounts.
                    </p>
                   </li>
                   <li style="margin-bottom:12px">
                    <p>
                     <a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
                      LongHaul
                     </a>
                     <b>
                      :
                     </b>
                     US travelers are opting for Mallorca over Montauk as international bookings surge ahead of domestic vacays. In response, airlines like
                     <b>
                      United
                     </b>
                     and
                     <b>
                      Delta
                     </b>
                     have added more int’l routes.
                    </p>
                   </li>
                  </ul>
                  <p>
                  </p>
                 </div>
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
          </tbody>
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                  This Week
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                  <ul style="padding-left:18px">
                   <li style="margin-bottom:12px">
                    <p>
                     <b>
                      Monday:
                     </b>
                     Earnings expected from
                     <b>
                      Tyson Foods
                     </b>
                     ,
                     <b>
                      Beyond Meat
                     </b>
                     , and
                     <b>
                      Lucid Group
                     </b>
                    </p>
                   </li>
                   <li style="margin-bottom:12px">
                    <p>
                     <b>
                      Tuesday
                     </b>
                     : Amazon Cooperation Treaty Organization summit begins. Earnings expected from
                     <b>
                      Bitfarms
                     </b>
                     ,
                     <b>
                      Take-Two Interactive,
                     </b>
                     <b>
                      Duolingo
                     </b>
                     ,
                     <b>
                      AMC Entertainment
                     </b>
                     ,
                     <b>
                      UPS
                     </b>
                     ,
                     <b>
                      The New York Times
                     </b>
                     , and
                     <b>
                      Lyft
                     </b>
                    </p>
                   </li>
                   <li style="margin-bottom:12px">
                    <p>
                     <b>
                      Wednesday:
                     </b>
                     Earnings expected from
                     <b>
                      Disney
                     </b>
                     ,
                     <b>
                      Wendy’s
                     </b>
                     ,
                     <b>
                      Grindr
                     </b>
                     ,
                     <b>
                      Sony
                     </b>
                     ,
                     <b>
                      Roblox
                     </b>
                     , and
                     <b>
                      Warby Parker
                     </b>
                    </p>
                   </li>
                   <li style="margin-bottom:12px">
                    <p>
                     <b>
                      Thursday:
                     </b>
                     NFL preseason begins. Jobless claims.
                     <b>
                     </b>
                     July US CPI numbers. Earnings expected from
                     <b>
                      Alibaba
                     </b>
                     ,
                     <b>
                      Hut 8 Mining
                     </b>
                     ,
                     <b>
                      Krispy Kreme
                     </b>
                     ,
                     <b>
                      Ralph Lauren
                     </b>
                     ,
                     <b>
                      Siemens
                     </b>
                     ,
                     <b>
                      Six Flags
                     </b>
                     , and
                     <b>
                      Yeti
                     </b>
                    </p>
                   </li>
                   <li style="margin-bottom:12px">
                    <p>
                     <b>
                      Friday:
                     </b>
                     Producer Price Index. Earnings expected from
                     <b>
                      Spectrum Brands
                     </b>
                    </p>
                   </li>
                  </ul>
                  <p>
                   Authors of this Snacks own shares of: Amazon, Apple, Beyond Meat, Comcast, Delta, Disney, Google, Match Group, and Walmart
                  </p>
                  <p>
                   *Advertiser’s disclosure: Please read the offering circular at
                   <a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
                    invest.modemobile.com
                   </a>
                   . This is a paid advertisement for Mode Mobile’s Regulation CF Offering.
                  </p>
                  <p>
                   <i>
                    Correction: Because of a CMS glitch that failed to publish an italicized word in a hyperlink, Friday’s Snacks misstated that Coinbase said the SEC told the exchange to delist specific assets. Coinbase actually said that the SEC did
                   </i>
                   <b>
                    <i>
                     not
                    </i>
                   </b>
                   <i>
                    tell it to. We regret the error.
                   </i>
                  </p>
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