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“Dazed and Confused” in the Rearview

“Before Elizabeth Warren decides to break up the big tech companies,” a reader writes, “shouldn’t she have prevented them from acquiring smaller tech companies?

“Doesn’t she have it backwards?”

Well, since that particular ship has sailed, using the antitrust hammer is the only recourse Warren (and Trump) believe they have against FAANG companies.

Our reader from Texas says:

“Take a lesson from the big telephone breakup a few years ago when Ma Bell was split into several entities.

“And look at AT&T now. As the song goes, ‘Together Again’.”

Not sure if our reader refers to the Buck Owens’ Country-western song or the Muppets’ song of the same title.

But it’s funny she mentions the case of AT&T that was split into 8 different companies back in 1984… now bigger than ever. Even though President Trump tried his darndest to block the AT&T-Time Warner merger.

Monday Trump tweeted for people to boycott AT&T — parent company of CNN — for the cable news outlet spreading “bad, Fake News!”

He must not know what a headache it is to duck out of your cell phone contract.

Your Rundown for Thursday, June 6, 2019:

Whys for Using Marijuana

Apropos of headaches…

One in three American adults is interested in using cannabis — and their reasons might take you off-guard.

That’s right, gone are the days of Dazed and Confused bacchanalia; instead, the whys for using marijuana are more mundane:

chart

According to a Nielson survey, the four chief reasons for cannabis consumption:

  1. Treatment of chronic pain (85%)
  2. Improvement of mental health (82%)
  3. Treatment of minor injuries (81%)
  4. Aid with sleep (77%)

“A majority of folks who would use cannabis and have an ailment said they already used an over-the-counter or prescription medication to treat it,” says an article at Market Watch.

But 69% said they’d prefer to use cannabis to treat things like headaches, migraines and insomnia because cannabis seems “more natural.”

We’re not Neilson or Gallup but we’d like to take an informal survey; let us know: do you use cannabis?

Tell us your number-one reason why. (Completely anonymous and… no judgment.)

Market Rundown for Thurs. June 6, 2019

S&P 500 futures are up 4 points to 2,829.86.

Oil’s lost 5 cents to settle at $51.63 for a barrel of WTI.

Gold is up $4.80 to $1,338.40 per ounce.

Bitcoin’s down $61.11 to $7,741.48.

Have a good day. We’ll talk tomorrow.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown. Aaron’s been with Agora Financial/Seven Figure Publishing for 13 years. He's been covering technology and markets for over a decade.

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