The Data Examiner 03/05/2023

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WWE vs THE S&P 500

The market’s getting absolutely bodied by pro wrestling: While 2022’s been a year of crimson red for much of the market, World Wrestling Entertainment has been flexing its muscles. What’s happening? Because the company’s revenue primarily comes from long-term media rights deals and live events, it isn’t particularly impacted by the advertising slump now hurting many other media companies. With its devoted global fanbase, investors are eyeing WWE as a hot acquisition target at a time when niche sports are on the rise, per Axios. (Think Formula One, for instance.) With TV rights deals with Fox and Comcast set to expire in 2024, and an exclusive streaming deal with Peacock ending in 2026, expect there to be a media wrestling match for the next home of WWE content.

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Ad Spend Is Diversifying

For the first time since 2014, Meta and Google are on track to represent less than half of U.S. digital advertising spend, grabbing 48.4% of the market this year, per Axios. The space has grown especially crowded, partly out of necessity, as Apple’s privacy changes have made it harder for companies to track activity across apps and target ads. Though billed as a push for privacy, Apple has seemingly used the move as an opportunity to build out its own ad network across its apps. Other platforms and retailers with reliable first-party data have also launched their own ad services, including Uber, 7-11, Walmart, CVS, Chewy, Home Depot, Dollar Tree, Marriott, and more, further crowding the market. There’s also TikTok, expected to earn $8.6B in ad revenue in 2024 – and Amazon, which has done what Amazon does best, building a $30B+ advertising business on top of its retail and media offerings.

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Tesla Stock Performance

Despite these challenges, Tesla remains the dominant EV maker globally, with head starts in consumer EVs, semis, battery production, and charging. The company produced 930K EVs in the first nine months of 2022. For comparison, Ford sold 41.2K.

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Major U.S. Power Outages

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Antarctic Sea Ice Is Slipping Again

The Data Examiner – (Notable) Remarks:

** If you’re going to die on the street, San Francisco is not a bad place to do it. The fog keeps things temperate. There’s nowhere in the world with more beautiful views. City workers and volunteers bring you food and blankets, needles and tents. Doctors come to see how the fentanyl is progressing, and to make sure the rest of you is all right as you go. —- Nellie Bowles

** In this atmosphere a normal upstanding Republican or a normal accomplished conservative would beat whatever the Democratic ticket is. It is only Mr. Trump who would surely lose. He lost in 2020 by seven million votes with a growing economy and no inflation – and that was before the events of 1/6. America isn’t going to elect him again. They’re not going to let that guy back in that house. Because everyone knows it: Let Donald Trump back there and he’ll do a 1/6 again. Because while his followers love America, he doesn’t. He likes it as far as it goes, appreciates it as the stage for his greatness, but beyond that … Trump voters: Call an audible again. Look at the field and the facts, be strategic. Donald Trump, in the 2016 primaries, tended to win with about a third of the vote. In a field of 17 that was enough. It’s looking like the GOP field could be larger than expected in 2024, and of course Mr. Trump could run again and win the nomination again. It will be easier for him if past Trump voters fail to think strategically, and if donors big and small don’t move early to winnow the field. —- Peggy Noonan

** Raising interest rates sharply to cool demand for goods and services could very well cause a recession. If the Fed were to stop at this rate increase, the risk would be small, but that’s not the plan: According to projections released on Wednesday, the median expectation among members of the Federal Open Market Committee is for the top end of the target range for the federal funds rate to reach nearly 3.5% by the end of this year, up from 1.75% now and 0.25% when the year started. Investors are clearly worried. For most of the period since the global financial crisis of 2007 to 2009, stocks tended to rise, on average, when interest rates went up. Why? One theory is that inflation was a distant concern and higher rates tended to reflect optimism about economic growth. —- Peter Coy

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Prominent Rabbi David Wolpe along with 12 members of the White House staff, 3 Nobel Prize winners, over 100 Academy Award winners, 6 U.S. Senators, and over 300 Grammy Award winners.

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The Data Examiner – Bookkeeping:

** Remote work is costing Manhattan more than $12B per year, according to a study. READ

** Michael Jordan donates $10M to Make-A-Wish foundation, the largest donation ever from an individual in the organization’s 43-year history. READ

** Kitchen appliances brand Cosori recalls 2 million air fryers over fire hazard. READ

** East Palestine, Ohio, train derailment toxins killed 43,000 fish and animals. READ

** Welsh family’s 14.21-pound sunflower head breaks their own world record. READ

The Data Examiner – Readers Have Spoken:


We asked Examiner readers in all 50 of the United States and in 26 foreign countries for their thoughts. The Data Examiner readers have spoken.

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Junk Fees Explained

Junk fees “add up to hundreds of dollars a month,” President Joe Biden said in his State of the Union address. A Junk Fee Prevention Act would ban or reduce several of them – but what are they? Ever book a hotel at what seems like a decent price, only to realize there’s also a “resort fee”? That’s a junk fee – an added cost that pops up when it’s time to pay. Some other examples: 1. Service fees when buying event tickets; one review found that sports tickets can rack up service, delivery, and other fees that amount to 50% of their face value. 2. Fees airlines charge for families to sit together. 3. Early termination fees for TV, internet, and phone services, which can exceed $200. 4. Hotel resort fees, which average ~$42 per night, cover amenities like Wi-Fi, gyms, and pools – even if you don’t use them. It’s often hard to avoid these fees because they’re not included in the upfront price, and in some cases – like when buying event tickets – buyers have few alternatives.


Whatever else social media may do, it makes nearly everything performative. Of course, not all of us with Twitter, Instagram or TikTok accounts are there to perform. Yet the truth of Marshall McLuhan’s famous dictum “The medium is the message” seems unavoidable. The medium trumps our personal intentions.

The Data Examiner – Worth A Look:

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