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Subscribed 5 years, 1 month ago
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Tonight we get the last round of earnings from the Magnificent Seven as Apple and Amazon tell us how the quarter went.
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Hey Snackers,
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If you’ve ever found yourself contemplating your life choices – and the precise make up of the famously secret blend of 11 herbs and spices – after polishing off an 8-piece
<a style="text-decoration: underline; color: #5869ff;">
<strong>
KFC
</strong>
</a>
bucket, an auction earlier this week in Shelbyville, Ky., may have held some partial answers.
</p>
<p style="margin:0;margin-bottom:16px">
Harland Sanders’ personal planner from 1964 was sold at auction for $30,000,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
the Associated Press reports
</strong>
</a>
. Among its entries is a handwritten list of herbs and spices (KFC maintains the list does not match their near-dozen blend). Also hitting the auction block: a black clip-on ribbon bow tie worn by the non-military Colonel himself. That sartorial bit of culinary history ending up selling for $8,000.
</p>
<p style="margin:0">
The S&P 500 dropped about 1.5% and the Nasdaq 100 fell just over 2%, enough for the latter to
<a style="text-decoration: underline; color: #5869ff;">
<strong>
officially enter a correction
</strong>
</a>
, as the Federal Reserve held rates steady with three officials dissenting in favor of a rate hike.
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<strong>
SHOCK AND AWS
</strong>
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<strong>
Two companies with very different theses about the AI boom report earnings tonight
</strong>
</h1>
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<p style="margin:0">
Following last night’s earnings from
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Meta
</strong>
</a>
and
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Microsoft
</strong>
</a>
and last week’s earnings from
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Google
</strong>
</a>
and
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Tesla
</strong>
</a>
, tonight we get the last round of earnings from the Magnificent Seven as
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Apple
</strong>
</a>
and
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Amazon
</strong>
</a>
tell us how the quarter went.
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<li aria-level="1" style="Margin:0 0 8px 0">
The companies have taken very different approaches to the AI moment. Amazon, through its subsidiary AWS, has poured tens of billions and intends to pour hundreds of billions more into an AI buildout. Apple has ceded that data center race, but still has its bets on consumer products that stand to benefit from AI advancements.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
The numbers are staggering; Amazon’s looking at
<a style="text-decoration: underline; color: #5869ff;">
<strong>
$200 billion in capital expenditures
</strong>
</a>
for 2026, while Apple’s looking at
<a style="text-decoration: underline; color: #5869ff;">
<strong>
$13 billion to $14 billion
</strong>
</a>
, an order of magnitude less.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Amazon, which is singlehandedly responsible for something like 30 percent of the combined AI infrastructure spend across Amazon, Microsoft, Meta, and
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Alphabet
</strong>
</a>
, is betting that that investment allows its cloud business to win the compute race.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Apple waved the white flag on multiple segments of the AI business, a somewhat humiliating retreat for a company whose Siri was relatively early to market. That demoralizing and embarrassing retreat has
<em>
[checks note]
</em>
sent them up nearly 24% year to date? While Amazon is flat, Meta’s down 11%, and Microsoft is down 19%? Interesting.
</li>
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<p style="margin:0">
Apple has also managed to ride the AI wave thanks to its Apple Silicon chips, which have been in high demand for Mac Minis and hardware that can host consumer-grade and self-hosted models, with
<a style="text-decoration: underline; color: #5869ff;">
<strong>
many of those out of stock for weeks or months
</strong>
</a>
amid the RAM crunch.
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<span class="tinyMce-placeholder" style="word-break: break-word;">
THE TAKEAWAY
</span>
</h1>
</td>
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<p style="margin:0">
Oh, wait, Amazon also runs a big store too, right? The AI conversation has been such a huge driver of stock movement over the past few quarters that at times we must remind ourselves that Amazon, the popular cloud services company, actually operates the second-largest retailer in America and the
<a style="text-decoration: underline; color: #5869ff;">
<strong>
largest delivery provider by volume
</strong>
</a>
, seemingly as a side-hustle. Guess we’ll find out how that project’s going. Do you think Amazon, once a humble book store, would just have sold away all of those incredibly valuable AI training materials
<a style="text-decoration: underline; color: #5869ff;">
<strong>
had they known their real value to the insatiable maw of AI training
</strong>
</a>
? Bet Jeff is really kicking himself over that.
</p>
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<p style="margin:0">
—
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Walt Hickey
</strong>
</a>
</p>
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<tr>
<td align="center" class="pad" style="width:100%;padding-bottom:10px">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<strong>
Snacks Shots
</strong>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li style="Margin:0 0 8px 0">
<strong>
📊 Fed:
</strong>
Following yesterday’s hold, the market is pricing in a higher chance that the Fed hikes rates by 25 basis points in September, which it rates at
<a style="text-decoration: underline; color: #5869ff;">
<strong>
a 57% chance
</strong>
</a>
*.
</li>
<li style="Margin:0 0 8px 0">
<strong>
🎬 Oscars:
</strong>
“The Odyssey” is an early favorite to win Best Picture, with markets pricing in
<a style="text-decoration: underline; color: #5869ff;">
<strong>
a 50% chance the movie wins
</strong>
</a>
.
</li>
</ul>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-top:10px;padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
*Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="padding-top:25px;padding-bottom:25px">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-7" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-left:20px solid transparent;border-radius:0;border-right:20px solid transparent;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;background-color:#5869ff;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-bottom:5px;padding-top:5px">
<table border="0" cellpadding="10" cellspacing="0" class="image_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%">
<div style="max-width:540px">
<img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Ffss%252Ffvl7w8%252Fedf88fd6-be74-4b59-9c26-520cbf361ae1%252FScreenshot%252B2026-07-29%252Bat%252B12.12.15%25E2%2580%25AFPM.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3ODU0MDc2NTIuMjU1MDc5M30:1wpO5c:3Dwg9vfnIBossc9KQQNDblhFgRb21GQjDJJrSl_QCBE" style="display:block;height:auto;border:0;width:100%" title="" width="540"/>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-top:5px;padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:16px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:24px">
<p style="margin:0">
That’s the percentage of the lyrics of BTS’s album
<em>
Arirang
</em>
that are English, meaning the band would not be eligible for the newly added awards category for best Asian pop music, which requires “substantial use” of an Asian language. That exclusion led the Korean band to announce they
<a style="text-decoration: underline; color: #ffffff;">
<strong>
will not submit their work for consideration
</strong>
</a>
at the 2027 Grammys, where they would have been in the running for numerous awards, including album of the year.
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-8" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-left:25px;padding-right:25px">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="padding-top:25px;padding-bottom:25px">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%;padding-bottom:10px">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
What else we're Snackin'
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-top:5px;padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
“The OPEC of oil demand”
</strong>
</a>
: the war with Iran has revealed that China is “more in control of its oil consumption than anyone realized,” The Wall Street Journal reports. That will unsettle oil bosses.”
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Fires, heat waves, and massive storms
</strong>
</a>
: Europe has already shattered meteorological records this summer, and things are likely to get worse, the
<a style="text-decoration: underline; color: #5869ff;">
<strong>
NYT
</strong>
</a>
reports.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
A deep Bloomberg dive into
<a style="text-decoration: underline; color: #5869ff;">
<strong>
how concrete is fueling climate change, and helping save people from it
</strong>
</a>
.
</li>
</ul>
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-9" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-bottom:5px;padding-left:25px;padding-right:25px;padding-top:5px">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="padding-top:25px;padding-bottom:25px">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-10" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-size:auto" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#5869ff;background-size:auto;border-bottom:30px solid #fff;border-left:30px solid #fff;border-radius:10px;border-right:30px solid #fff;border-top:30px solid #fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;border-bottom:4px solid #5869ff;border-left:4px solid #5869ff;border-right:4px solid #5869ff;border-top:4px solid #5869ff;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-bottom:15px;padding-left:25px;padding-right:25px;padding-top:15px">
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%">
<h1 style="margin:0;color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:center;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
Snack Fact of the Day
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-top:10px;padding-bottom:10px;padding-left:40px;padding-right:40px">
<div style="color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.2;text-align:center;mso-line-height-alt:22px">
<p style="margin:0">
<a style="text-decoration: underline; color: #ffffff;">
<strong>
Minivan sales – a once largely dormant segment of the US car market – grew 21% in 2025, according to Edmunds
</strong>
</a>
<strong>
.
</strong>
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-11" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-left:25px;padding-right:25px">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="padding-top:25px;padding-bottom:25px">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
Thursday
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-top:5px;padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
Q2 US GDP data.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Earnings from
<strong>
Apple
</strong>
,
<strong>
</strong>
<strong>
Amazon
</strong>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Mastercard
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Shell
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Anheuser-Busch
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Bristol-Myers Squibb
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Altria
</strong>
</a>
.
</li>
</ul>
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-12" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-left:25px;padding-right:25px">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="padding-top:25px;padding-bottom:25px">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</td>
</tr>
</table>
<table border="0" cellpadding="10" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
<strong>
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</strong>
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<strong>
<a rel="noopener" style="text-decoration: underline; color: #5869ff;" target="_blank">
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1 week, 2 days ago - hello@snacks.robinhood.com
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