the 2-minute drill small business podcast: Recent Episodes
Eric Menau
A quick recap of key business and economic news for small business owners who can't waste time. Brought to you by Spark SMB Data
What you can’t miss today, September 29th: – Amazon and Target announce biggest sales of the year on October 13-14 – United Health Services suffers huge cyber attack – Candy makers concerned with slower Halloween season – Sad milestone: 1 million global deaths by COVID-19
What you can’t miss today, September 24th: – Nasdaq dropped 3% yesterday and is down almost 10% in September – Nike digital sales jump 82% during first fiscal quarter – Walmart will hire 20,000 workers for holiday season – Study by Citigroup shows that racism cost the US economy $16 trillion
What you can’t miss today, September 22nd: – 87% of NYC restaurants didn't pay full rent in August – Coca-Cola enters Hard Seltzer market – Wall Street concerned about Snowflake selloff possibility – Foot Locker provides voter registration services at 2,000 stores
What you can’t miss today, September 17th: – Consumer spending slows down in August – Data from Yelp shows that almost 164,000 small businesses have closed since the start of the pandemic – Federal Reserve will maintain basic interest rate at 0% until 2023 – Snowflake has best Tech IPO of the year
What you can’t miss today, September 15th: – There are 15,000 unrented apartments in Manhattan – Beyond Meat launches plant-based meatballs at grocery store – Simon Group will not open malls on Thanksgiving Day – MGM Resorts will reopen 2 casinos in Vegas as smoke-free properties
What you can’t miss today, September 10th: – Weekly jobless claims of 884,00 is higher than market expectations – Job openings increase to 6.6 million in July – Mortgage applications increase 40% year-over-year – Home Depot cancels Black Friday to avoid large crowds
What you can’t miss today, September 8th: – China's exports increase 9.5% in August – T-Mobile announces project to provide free internet access to students – Peloton launches cheaper treadmill to expand market share – Tenet earns $20 million during Labor Day weekend
What you can’t miss today, September 4th: – Unemployment rate for August falls to 8.4% – Home prices rose 5.5% in July – ISM Index for August was 56.0, the highest level in 16 years – Uber launches app feature to protect drivers and passengers
What you can’t miss today, September 3rd: – Weekly unemployment claims fall to 881,000 – Walmart+ will be launched on September 15th – Netflix launches free global site – J.C. Penney expands curbside pickup program
What you can’t miss today, September 2nd: – TikTok sale shows fragility of US-China relationship – Retailers see increased in-store traffic for back-to-school shopping – First Amazon Fresh grocery store opens in California – Burger King uses QR codes in their latest marketing campaign
What you can’t miss today, September 1st: – Uber Eats launches in-app ads for restaurants and offers $25 million in marketing credits – Pinterest pays $89.5 million to terminate lease for new office – Amazon receives FAA approval to start operating delivery drones – Delta and American follow United's decision to not charge flight change fees
What you can’t miss today, August 31st: – US consumer spending increased 1.9% in July – 3.9 million homeowners are in mortgage forbearance programs – United eliminates $200 ticket change fee for domestic flights – CVS is rolling out its own ad network, with in-store and digital ads
What you can’t miss today, August 28th: – Consumer Confidence Index drops sharply in August – Federal Reserve sets new inflation strategy at 2% average – Walmart partners with Microsoft to buy TikTok – Gap reports $62 million net loss in 2nd quarter
What you can’t miss today, August 27th: – Weekly unemployment claims are still over 1 million – Google partners with Panera for quick online delivery and curbside pickup orders – Papa John's reports same-store sales growth of 24% in August – Nike ends partnership with 9 major wholesalers
What you can’t miss today, August 26th: – DoorDash is expanding its delivery service for groceries – 57% of large companies will postpone the return of their employees to the office and continue the WFH model – Long delays in laptop purchases for schools, impacting online learning possibilities for children in need – In-game purchases represent 77% of revenue for gaming industry
What you can’t miss today, August 25th: – Online health and beauty sales will increase around 16% this year – Cruise ships start to sail in Italy – Adidas partners with Deliveroo to offer cake sneakers in promotion – Cheers Bar location closes in Boston
What you can’t miss today, August 24th: – Sales of existing homes increased 24.7% in July – Delta will limit capacity to 75% for flights until January – Analysts predict bankruptcies will continue until end of the year – Tecate hosts concert series to benefit Latin hospitality workers
What you can’t miss today, August 21st: – Survey shows that 90% of shoppers leave retail sites that are too slow – The Home Depot reaches $38.1 Billion Net Sales in the 2nd quarter – Taco Bell launches restaurant concept focused on mobile orders – Cinnamon Toast Crunch launches seasoning mix Cinnadust
What you can’t miss today, August 20th: – Online shopping reached $211.5 Billion in the 2nd Quarter – Unemployment weekly claims go over 1 Million AGAIN – Instagram launches QR Code feature for retailers – FCC estimates that 19 million Americans don't have high-speed internet at home
What you can’t miss today, August 19th: – Walmart's ecommerce sales grow 97% in 2nd Quarter – 1.496 million housing starts in July – Pizza Hut closes 300 restaurants – Snapchat users can share content off-platform
What you can’t miss today, August 18th: – Yelp data shows that 15,770 restaurants have closed permanently – Regional carriers now represent 17% of retail deliveries in the US – Businesses can monetize online events on Facebook – Price drops for high-end protein sources
What you can’t miss today, August 17th: – Retail sales rose 1.2% in July – HBO Max uses Pinterest Story Pins to promote new show – AMC reopens movie theaters on August 20th with 15-cent tickets – Amazon launches Prime Gaming
What you can’t miss today, August 14th: – United adds 28 daily non-stop flights to Florida for the winter – Fannie Mae and Freddie Mac announce 0.5% adverse market fee for refinances – Amazon shipped 415 million packages in July and delivered 66% of its own packages – Apple removes Fortnite from App Store and is sued by Epic Games
What you can’t miss today, August 13th: – For the first time since March 14th we see under 1 million weekly jobless claims (963,000) – Kroger starts pilot with Apple Pay and Google Pay – Walmart partners with Instacart for same-day delivery at stores in California and Oklahoma – Mortgage applications rose 6.8% compared to last week
What you can’t miss today, August 12th: – E-commerce sales in July were $66.3 billion, 10% less than last month – Yankee Candle grows its subscription program in a partnership with Ordergroove – Canopy Growth reports 22% higher revenue in Q2 thanks to CBD-infused sports drinks and sparkling water – Facebook is still the most popular social media platform for 88% of SMB's, followed by Instagram with 52%
What you can’t miss today, August 11th: – 59% of consumers will use your smartphones for back-to-school shopping – Twitter also in talks with ByteDance to buy TikTok US operations – Small Business Confidence Index improves in 3rd Quarter – Simon in talks with Amazon for deal on establishing fulfillment centers in empty mall areas
What you can’t miss today, August 10th: – Moody's reports that retail operating income will drop 25 to 30% this year – 7-Eleven buys 3,900 Speedway stores for $21 billion in cash – TikTok launches TV app for Amazon Fire – The Home Depot will open 3 distribution centers to meet growing DIY demand
What you can’t miss today, August 7th: – Unemployment rate falls to 10.2% in July – LinkedIn posts Labor Stress Index highlighting the sector most impacted related to jobs – Bookings for Uber are down 73% in the 2nd quarter – DoorDash launches DashMart, its digital convenience store
What you can’t miss today, August 6th: – Weekly jobless claims drop to 1.186 million – 23% increase in money supply has market ready for return of inflation – Small business owners have until August 8th to apply for PPP loans – One-third of NYC small businesses may never reopen
What you can’t miss today, August 5th: – Home prices increased 4.9% annually in June – Restaurant bookings are down 60% compared to last year according to OpenTable – Average price of grocery purchases rose 30% – CVS opens 1,800 drive-thru testing sites
What you can’t miss today, August 4th: – US consumers saved 19% of their disposable income in June – TSA numbers show 70% less passengers at airports compared to last year – Kellogg and Kraft Heinz increase their sales in the 2nd quarter – Wawa will launch its first drive-thru store
What you can’t miss today, August 3rd: – Microsoft talking to ByteDance to buy TikTok operations in the US, Canada, Australia and New Zealand – Hotel occupancy at 48% in the US, as Orlando and Miami are below 30% – Commercial rent prices drop 30% in NYC to an average of $688 per square foot – Dunkin to close 800 stores by end of 2020
Check out our daily podcast, with a quick recap of business and economic news, created for small business owners who don't have any time to waste.
What you can’t miss today, July 31st: – 35% of small business owners used personal funds to keep their businesses running – Impossible Foods starts selling their meatless burgers at Walmart – P&G posts great results with people quarantined at home – The NBA is back and hiring black-owned small businesses to provide services in the Disney bubble
Check out our daily podcast, with a quick recap of business and economic news, created for small business owners who don't have any time to waste.
What you can’t miss today, July 30th: – US GDP falls at an annualized rate of 32.9% !!! – Unemployment on the rise, 1.434 million weekly jobless claims – US Trade Deficit fell 6.1% in June 2020 – 73% more Gen Z and Millennials watching mobile videos compared to 2019
Check out our daily podcast, with a quick recap of business and economic news, created for small business owners who don't have any time to waste.
What you can’t miss today, July 29th:
– Federal Reserve keeps base interest rate at 0% – Consumer Confidence Index drops to 92.6 in July – Shopify partners with Affirm to offer payment installments to online stores – Instagram tries to lure TikTok creators with huge amounts of cash
Check out our daily podcast, with a quick recap of business and economic news, created for small business owners who don't have any time to waste.
What you can’t miss today, July 28th: – Google extends deadline for mobile-first indexing to March 2021 – 40% of open restaurants are not profitable and compliance to CDC guidelines are increasing expenses – Apple charges 30% fee on apps providing virtual classes – Beauty businesses focus on virtual consultations and in-house experience
Check out our daily podcast, with a quick recap of business and economic news, created for small business owners who don't have any time to waste.
What you can’t miss today, July 27th:
– 72,842 businesses have closed permanently since March 1st – Target will close its stores on Thanksgiving – 45% of consumers have changed brand preference during the pandemic – More conscious back-to-school marketing for engaged Gen Z teens
What you can’t miss today, July 24th: – New home sales rise 13.6% in June and the median house price was $329,000 – 47% of people believe their temporary job less is now permanent, representing around 10 million people out of the workforce – Mc Donald’s pauses reopening of dining rooms and company will require all customers to wear masks starting on August 1st – Chipotle’s digital sales up 216% year-over-year
Check out our daily podcast, with a quick recap of business and economic news, created for small business owners who don't have any time to waste.
What you can’t miss today, July 23rd:
– Unemployment on the rise - 1.416 million weekly jobless claims
– Shopify integrates with virtual shopping technology from Hero
– Brands such as Unilever and KFC test voice interactive ads on streaming service Pandora
– Baseball is back, Opening Day is here!
Check out our daily podcast, with a quick recap of business and economic news, created for small business owners who don’t have any time to waste.
What you can’t miss today, July 22nd:
– Ulta closes 19 existing stores and plans to open 30 new stores in 2020
– Existing home sales increase 21% in June
– Comic-Con starts today as a virtual event
– Insurers lobby for federal pandemic program
A quick recap of daily business and economic news for small business owners who can't waste time.
Today:
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Concerning small business employment data
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Amazon delays Prime Day
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Survey shows more people willing to buy cars
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Google introduces Shoploop
A quick recap of daily business and economic news for small business owners who can't waste time.
Today:
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28 states with mask mandates
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Great news on the vaccine front
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Congress goes to work on additional stimulus package
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Instagram Shop is launched