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Do self-driving cars need lidar? Musk says that cameras are enough, but most disagree. Tesla has staked its autonomous driving future on a relatively cheap solution: using cameras alone rather than a combination with the much more expensive lidar that its competitor, Google’s Waymo, employs to operate its self-driving cars.
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Presented by
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Hey Snackers,
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<p style="margin:0;margin-bottom:20px">
The Weeknd’s 2019 earworm “Blinding Lights” hit the 5 billion mark on Spotify over the weekend, making it the
<a style="text-decoration: underline; color: #5869ff;">
<strong>
most streamed song in the platform’s history
</strong>
</a>
. Check out the rest of the
<a style="text-decoration: underline; color: #5869ff;">
<strong>
top 10 most streamed songs of all time
</strong>
</a>
, which surprisingly consists
<a style="text-decoration: underline; color: #5869ff;">
<strong>
exclusively of male musicians
</strong>
</a>
, though Taylor Swift tops
<a style="text-decoration: underline; color: #5869ff;">
<strong>
our chart of artists with the highest number of daily streams
</strong>
</a>
.
</p>
<p style="margin:0;margin-bottom:20px">
US stocks slumped into the long weekend as the
<a style="text-decoration: underline; color: #5869ff;">
<strong>
AI trade took a hit
</strong>
</a>
, with the S&P 500 ending August with its
<a style="text-decoration: underline; color: #5869ff;">
<strong>
biggest daily decline
</strong>
</a>
since the first trading day of the month. Even so, the drop of 0.6% barely pulled the benchmark US stock index into the red for the week.
<br/>
<br/>
</p>
<p style="margin:0">
🧠
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Pop quiz
</strong>
</a>
<strong>
:
</strong>
This week’s
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Snacks Seven Quiz
</strong>
</a>
<strong>
</strong>
covers music, pop culture, fashion, and business news. Here’s a sample question:
<br/>
<br/>
Which is an actual solana-based meme coin that briefly soared before tanking when it launched last month?
</p>
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<tr>
<td class="pad" style="padding-bottom:15px;padding-left:10px;padding-right:10px;padding-top:10px">
<div style="margin-left:-20px">
<ol start="1" style="margin-top:0;margin-bottom:0;list-style-type:upper-alpha">
<li aria-level="1" style="Margin:0 0 8px 0">
Kanye West’s YZY
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Lil Jon’s LOW
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Lil Wayne’s LEAN
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Post Malone’s TAT
</li>
</ol>
</div>
</td>
</tr>
</table>
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<p style="margin:0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Check your answer.
</strong>
</a>
</p>
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</table>
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<td class="pad" style="text-align:left">
<div align="left" class="alignment">
<!--[if mso]>
<v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" style="height:20px;width:147px;v-text-anchor:middle;" arcsize="27%" fillcolor="#5869ff">
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<![endif]-->
<span class="button" style="background-color: #5869ff; border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-radius: 7px; border-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-bottom: 2px; padding-top: 2px; padding-left: 11px; padding-right: 11px; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
<span style="word-break: break-word; line-height: 16.8px;">
<strong>
NOW YOU SEE ME
</strong>
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
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<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:31px">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Do self-driving cars need lidar? Musk says that cameras are enough, but most disagree.
</strong>
</a>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="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;margin-bottom:20px">
Tesla has staked its
<a style="text-decoration: underline; color: #5869ff;">
<strong>
autonomous driving future
</strong>
</a>
on a
<a style="text-decoration: underline; color: #5869ff;">
<strong>
relatively cheap solution
</strong>
</a>
: using cameras alone rather than a combination with the much more expensive lidar that its competitor, Google’s Waymo, employs to operate its self-driving cars.
</p>
<p style="margin:0">
It’s a stance that puts Tesla at odds with most Americans, new data shows.
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-4" 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:15px;padding-left:10px;padding-right:10px;padding-top: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">
According to
<a style="text-decoration: underline; color: #5869ff;">
<strong>
new survey data
</strong>
</a>
from Electric Vehicle Intelligence Report, some 70% of Americans
<a style="text-decoration: underline; color: #5869ff;">
<strong>
said
</strong>
</a>
in August that autonomous vehicles should employ both cameras and lidar, while 71% said the government should require companies to use both.
</li>
<li style="Margin:0 0 8px 0">
Just 3% of respondents chose “autonomous vehicles should only use cameras” as the answer closest to their view. Tesla CEO Elon Musk would appear to be among them.
</li>
<li style="Margin:0 0 8px 0">
That said, the vast majority of Americans also
<a style="text-decoration: underline; color: #5869ff;">
<strong>
say
</strong>
</a>
they wouldn’t consider riding in a robotaxi in the first place, with 41% saying they’d never consider it and another 28% saying they are not considering it at this time.
</li>
</ul>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="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">
Tesla is hoping that by keeping costs low for its cars, which are just a fraction of the price of Waymo’s, it will be able to scale its autonomous ambitions much more quickly and cheaply, since it says pretty much any of its cars on the road could potentially be self-driving with updated software.
</p>
</div>
</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;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;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<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 class="pad" style="padding-bottom:8px;padding-top:24px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:28px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
THE TAKEAWAY
</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-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">
Musk earlier this year predicted “millions of Teslas operating autonomously” by the end of next year. So far Tesla’s Austin
<a style="text-decoration: underline; color: #5869ff;">
<strong>
robotaxi program
</strong>
</a>
, which doesn’t have a driver but does have a safety monitor sitting in the passenger seat, has about
<a style="text-decoration: underline; color: #5869ff;">
<strong>
30 autonomous cars
</strong>
</a>
on the road, while Waymo operates closer to 2,000.
</p>
</div>
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Get a head start on investing for the future and turn today’s money into tomorrow’s wealth.
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Every day, millions of investors are building towards their goals with
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ETFs like DIA
</strong>
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- the only ETF that tracks the Dow.
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<strong>
With DIA
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, you get 30 US blue-chip stocks in a single trade. The mega-caps that comprise the Dow Jones Index offer exposure to 172 countries and 160 different industries.
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Whatever the goal, find out how getting there starts
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here
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ZOOM OUT
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Stories we’re obsessed with
</h1>
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<a style="text-decoration: underline; color: #5869ff;">
<strong>
The trade-down trade
</strong>
</a>
<strong>
:
</strong>
Superstrong numbers from a few unsexy off-price retailers this earnings season (
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Kohl’s
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Burlington Stores
</strong>
</a>
, Five Below, etc.) seem to suggest that consumers are shopping for lower-priced options rather than paying premium prices. As
<a style="text-decoration: underline; color: #5869ff;">
<strong>
this chart shows
</strong>
</a>
, mentions of “trading down” in large-cap companies’ earnings calls are starting to spike. Read why these bargain retailers could be a
<a style="text-decoration: underline; color: #5869ff;">
<strong>
potential trade opportunity
</strong>
</a>
<strong>
</strong>
during a high-inflation, soft-growth economy.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Old people these days just don’t want to work anymore
</strong>
</a>
<strong>
:
</strong>
While workers across all age groups left the job market during Covid, the 55 and older group
<a style="text-decoration: underline; color: #5869ff;">
<strong>
never went back
</strong>
</a>
. This mass exit was first triggered by what economists call
<strong>
“
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
excess retirements
</strong>
</a>
<strong>
”
</strong>
from both lower-income workers pushed out by job losses and wealthier baby boomers riding the 2020-21 asset boom. For employees who aren’t retired yet, their expected retirement age is increasingly falling,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
as this chart shows
</strong>
</a>
.
</li>
</ul>
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<strong>
THE BEST THING WE READ TODAY
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<a style="text-decoration: underline; color: #5869ff;">
<strong>
The day after Nvidia reported earnings, it traded 15x the volume of the FTSE 100
</strong>
</a>
</h1>
</td>
</tr>
</table>
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<p style="margin:0;margin-bottom:16px">
But it wasn’t just Nvidia: the chip designer was one of 16 US stocks to trade more than the UK’s flagship index, including this database software company that
<a style="text-decoration: underline; color: #5869ff;">
<strong>
isn’t even in the S&P 500
</strong>
</a>
.
</p>
<p style="margin:0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Check out this interactive chart that puts Nvidia’s trading volume into perspective.
</strong>
</a>
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
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<tbody>
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<td>
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<tbody>
<tr>
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</span>
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</div>
</td>
</tr>
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<span class="tinyMce-placeholder" style="word-break: break-word;">
What else we're Snackin'
</span>
</h1>
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<li aria-level="1" style="Margin:0 0 8px 0">
Like
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Hims & Hers CEO Andrew Dudum
</strong>
</a>
,
<strong>
Opendoor
</strong>
’s new interim leader, Shrisha Radhakrishna, is actively engaging with its retail investors, the
<strong>
“
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
$OPEN Army
</strong>
</a>
<strong>
”
</strong>
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<strong>
Meta
</strong>
Superintelligence Labs is off to a
<a style="text-decoration: underline; color: #5869ff;">
<strong>
rocky start
</strong>
</a>
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<strong>
Spirit Airlines
</strong>
is reportedly headed for its
<a style="text-decoration: underline; color: #5869ff;">
<strong>
second bankruptcy in a year
</strong>
</a>
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
“KPop Demon Hunters” just
<a style="text-decoration: underline; color: #5869ff;">
<strong>
surpassed these blockbusters
</strong>
</a>
<strong>
</strong>
to become
<strong>
Netflix
</strong>
’s most watched film
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Elon Musk is
<a style="text-decoration: underline; color: #5869ff;">
<strong>
suing a former xAI employee
</strong>
</a>
, alleging that he stole trade secrets before leaving for a job at
<strong>
OpenAI
</strong>
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<strong>
Celsius
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
hit a 52-week high
</strong>
</a>
on Friday after
<strong>
Pepsi
</strong>
boosted its stake in the caffeine peddler
</li>
</ul>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
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</td>
</tr>
</tbody>
</table>
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<span class="tinyMce-placeholder" style="word-break: break-word;">
Snack Fact of the Day
</span>
</h1>
</td>
</tr>
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<p style="margin:0">
<a style="text-decoration: underline; color: #ffffff;">
<strong>
Americans are set to gamble a record $30 billion on the NFL this season.
</strong>
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</p>
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<span class="tinyMce-placeholder" style="word-break: break-word;">
This Week
</span>
</h1>
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<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
<strong>
Tuesday:
</strong>
August ISM Manufacturing PMI®. Earnings expected from
<strong>
Nio, Zscaler, Signet Jewelers,
</strong>
and
<strong>
HealthEquity
</strong>
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<strong>
Wednesday:
</strong>
July Job Openings and Labor Turnover Survey (JOLTS). Earnings expected from
<strong>
Salesforce, Hewlett Packard Enterprise, Figma, Dollar Tree, Macy’s, Campbell Soup,
</strong>
and
<strong>
American Eagle Outfitters
</strong>
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<strong>
Thursday:
</strong>
August ADP Employment, August ISM Services PMI®. Earnings expected from
<strong>
Broadcom
</strong>
and
<strong>
Lululemon
</strong>
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<strong>
Friday:
</strong>
August jobs report
</li>
</ul>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
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<strong>
Advertiser's disclosures:
<br/>
</strong>
</p>
<p style="margin:0;margin-bottom:16px">
<sup>
1
</sup>
<strong>
Before investing, consider the funds’ investment objectives, risks, charges, and expenses. To obtain a prospectus or summary prospectus, which contains this and other information, call 1-866-787-2257 or visit
</strong>
<a style="text-decoration: underline; color: #1d1d1d;">
<strong>
www.ssga.com
</strong>
</a>
<strong>
. Read it carefully.
</strong>
Investing involves risk. ALPS Distributors, Inc. (fund distributor); State Street Investment Management Funds Distributors, LLC (marketing agent).
</p>
<p style="margin:0">
<a style="text-decoration: underline; color: #1d1d1d;">
<strong>
State Street Global Advisors (SSGA) is now State Street Investment Management. Please click here for more information.
</strong>
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1 week, 6 days ago - hello@snacks.robinhood.com
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