Autonomy🪬: Prices are cooling off, is that a good thing?

🌞Buenos días! A touch of nihilism in the news-flow today.

PM of NZ just quitting?! Markets pointing to a red open, and Olympian Usain Bolt got scammed for 12M.

Trends 🕺🏻 

NY state authorities are on the brink of permitting gambling in NYC, the country’s last major untapped market. A flurry of extravagant proposals are competing for a handful of coveted contracts. (NYT) 

Autonomous Note🪬: Penn Entertainment (PENN) is one of our strategic ideas for this year and this news continues to support our thesis that liberalization on gambling and lottery will open revenue floodgates for diversified tech enabled operators like Penn. 

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Economy 📈

US economic indicators showed inflation is cooling down. Americans spent around 1% less in December than they had in the month before, and US companies also got a price break. (QZ)

Autonomous Note🪬: Inflation cooling? Good. Slowing economic activity? Bad. 

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Markets 💹

Netflix releases results for Q4 of 2022 after market close today (Jan. 19). Let’s see if the streaming giant has won back viewers…

Autonomous Note🪬: We think Netflix is fighting an uphill battle with the fierce competition that has developed over the last few years. This said, markets will love a good earnings report here. Netflix is notorious for earnings-day trading volatility. 

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Macro 🌎

Governments around the world are attempting to rein in the influence of Alphabet, Amazon, Apple, Meta, and Microsoft.

🪬: The EU has been Big-Tech’s David to Goliath. US regulators have become more active. Latest: The Indian Competition Commission said that Alphabet abused its position in the smartphone software market. (QZ)

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US Treasury Secretary Janet Yellen and China’s Vice Premier Liu He met for three hours in what Washington called “candid, substantive and constructive” talks. Beijing described it as “professional, in-depth, candid and practical.”_____ANNOUNCEMENTS:If you'd like to get Autonomy via Telegram and get access to additional analysis, content and interaction click here