Amazon Quietly. Walks. Away.

More on the issue of arming teachers:

“It’s a sad commentary on the state of the union when people believe that arming teachers is better than having sensible gun control. The root of the problem is allowing anyone to buy an automatic weapon.”

A reader from Texas disagrees:

“Only the Second Amendment is going to protect any of us. [We should] require every household to own and be proficient with a gun as in Switzerland, the only European country not overrun by the Nazis 80 years ago. 

“And allow teachers to participate in weapons-training to protect his/her students. Many (I’d guess 25%) would; what a deterrent that would be!”

One would hope that would deter a shooter… but we wonder.

Last, a neighbor to the north comments on free college:

“WOW. Free tuition for all. We’ve been batting that idea around in Canada as well. Probably one of the worst ideas I’ve heard in years. If you don’t have some ‘skin in the game’, you’re not nearly as motivated to succeed. 

“I went to university in my 20s but decided… to pursue a career in cabinetmaking instead. It rewarded me both financially and gave me 40 years of job satisfaction.

“Not everybody should be in college and all this policy will do is encourage those who are better suited to the trades, etc. to waste tax-payer dollars.”

Thank you for your time.

Your Rundown for Tuesday, June 18, 2019:

When One Door Closes On Amazon…

This morning at Rude Awakening Pro, our colleague Greg Guenthner observes Amazon slowly… stepping… away from one of its business schemes: the restaurant delivery service.

“Amazon is shutting down its delivery service Amazon Restaurants early next week,” he says.

“The service had apparently operated in more than 20 cities, according to CNBC — yet this is the first I’ve heard of it, which probably explains why Amazon is shutting it down.”

First we’d heard of it, too. In fact, we’re familiar with GrubHub (Greg has a tip on GRUB this morning at the Rude), DoorDash and even Uber Eats but never Amazon’s iteration. Probably because we’re not headquartered in a hipster sanctuary.

But, in a case of when one door closes, the tech titan is testing the (rather muddy) waters of the meal kit industry. Amazon meal kits are now available at select Whole Foods stores in 16 states.

And while the industry’s crowded, it’s also expanding. According to Nielsen data, in the last six month of 2018, 14.3 million Americans bought meal kits — an increase of 36% over 2017.

Apparently — considering a quick 4-month rollout — Amazon meal kits have been well-received. “The retailer also likely sees an opportunity to refresh its image in grocery and gather more data on shoppers in different markets,” says trade publication Grocery Dive.

“Considering Amazon’s reported plans for a new grocery chain, every Whole Foods store is a testing ground now as the retailer determines how best to make its next entrance into brick-and-mortar.”

Did you catch that? Amazon versus Walmart 2.0?

Market Rundown for Tues. June 18, 2019

S&P 500 futures are up 18 points to 2,909.75.

Oil is up 45 cents to $52.38 for a barrel of WTI.

Gold’s added $12.70 to its price of $1,355.60 per ounce.

Bitcoin is down $184.18 to $9,154.03.

Have a good day. We’ll talk tomorrow.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown and has been with Agora Financial / Seven Figure Publishing since 2005. He's been covering technology and markets for over a decade.

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