My Pillow guy Mike Lindell: The inside story, in Trump's final days - Business Insider
- As former President Donald Trump's corporate allies abandoned him in the final days of his administration, one man was left standing: My Pillow CEO Mike Lindell.
- A staple of late-night TV infomercials, Lindell — whose backstory includes a stint as a professional gambler and a struggle with drug addiction — and his pillow company have become one of the most curious business phenomenons of the Trump era.
- Over the last week, Insider has spoken with several people who worked with My Pillow, industry experts, and with Lindell himself, about his company's business during Trump's presidency and what comes next for the controversial pillow brand.
- The source who worked with My Pillow until 2019 said it was not uncommon to enter the conference room the CEO uses as an office and see thousands of Lindell books and bobbleheads waiting to be signed.
Apple will soar 15% higher as work-from-home demand drives record sales, Morgan Stanley says
- Record December-quarter sales are set to kick off a hugely positive year for Apple, Morgan Stanley said Thursday.
- Morgan Stanley expects Apple's revenue and profits to hit all-time highs in the fiscal first-quarter report, despite more conservative forecasts from investors.
- Early indicators point to above-consensus iPhone and Services revenues, and recent market trends stand to amplify a post-earnings pop, the team said in a note to clients.
- Past earnings reports from Apple showed investments in its Services and Wearables businesses offsetting slowing iPhone sales.
- Yet the iPhone 12 lineup unveiled in late 2020 should reinvigorate handset revenue, Morgan Stanley said.
- The 5G-capable iPhones were Apple's most successful product launch in five years, and demand continues to outstrip supply despite 78 million forecasted shipments in the December quarter, according to the team.
- Both Morgan Stanley's fiscal first-quarter and full-year projections for iPhone shipments exceed the consensus forecast.
Why you should add TechCrunch Early Stage 2021 to your must-attend list
- If there’s one thing every early founder needs it’s information, and you’ll find it in abundance at TechCrunch Early Stage 2021.
- Introduced last year — and one of the most popular events in TechCrunch history — TC Early Stage provides new startup founders (pre-seed through Series A) access to top experts to help them develop and strengthen their core entrepreneurial skills.
- Think of it as a condensed accelerator experience packed with workshops and highly interactive Q&As. This conference was so popular that we’re hosting two virtual TC Early Stage events this year.
- Founder passes for either April or July event cost $199.
- Attend both Early Stage events for just $299 (Founder) or $349 (Innovator).
- Don’t miss this unparalleled, interactive opportunity to learn best startup practices from leading experts, investors and successful founders.
Google Cloud insiders say business is back to normal amid pandemic - Business Insider
- The sales pitch, meanwhile, has evolved into positioning Google Cloud as the right platform for helping customers weather the pandemic by digitizing their businesses.
- Google Cloud also said it would double down on industry verticals like finance, retail, and healthcare by hiring sales specialists in those fields to close deals even without being able to meet in person.
- Beyond the hiring, one employee said, Google Cloud CEO Thomas Kurian and other product leaders have prioritized improving Google's reputation when it comes to deprecation policies — industry speak for the practice of killing off a product if it doesn't perform well in the market.
- That notoriety doesn't help Google Cloud in the enterprise-software market, where businesses want to buy products that will "stand the test of time" without having to worry that Google will cut it off down the line, an employee said.
Restaurants Get Sales Lift from Latest Stimulus Checks
- Restaurants chains say they are getting a sales bump from the latest round of stimulus money going to households, but spending patterns from the first batch of checks earlier in the pandemic suggest the lift can fade quickly.
- While the amounts are lower than the $1,200 and $500 delivered last spring, they are having an impact, at least short-term, according to some restaurant executives and industry data.
- Church’s Chicken, Checkers Drive-In Restaurants Inc., Noodles & Co. and TGI Fridays are among the companies crediting higher sales to the stimulus, according to executives.
- restaurant owners also attributed strong January sales to the recent checks, as did fine-dining chain Fogo de Chão.
- Chris Elliott, the Tampa, Fla.-based owner of restaurant chains that include Beef ‘O’ Brady’s and the Brass Tap, said the second round of checks contributed to a 6.5% increase in sales this month compared with last.
Procter & Gamble Gets Shoppers to Pay Up
- sales surged in the most recent quarter, fueled in part by demand for high-end household products from pricey dish soap to a $300 electric toothbrush.
- Despite a tough economic picture and high unemployment, the maker of Gillette razors and Pampers diapers said consumers are increasingly willing to pay more for products.
- And P&G;, armed with extra cash following years of downsizing and solid sales, has been churning out a range of high-end items including laundry-detergent pods designed for extra-large washing machines and a special line of Gillette shaving products.
- P&G; raised its estimates for full-year organic sales growth to between 5% and 6%, up from the previous range of 4% to 5%.
- Sales in P&G;’s grooming unit, which includes Gillette razors, rose 5%.
- Sales in P&G;’s health-care unit, which includes dental care as well as over-the-counter medications, rose 9%.
Morrison praises firms returning JobKeeper cash
- Scott Morrison has praised retailers handing back coronavirus wage subsidies, warning firms not to take advantage of taxpayers' cash while banking strong sales from Australians stuck at home.
- Super Retail Group this week announced plans to voluntarily return $1.7 million of JobKeeper payments to the federal government, as the company revealed a record $170 million net profit after tax.
- Toyota approached the Tax Office last month about handing back more than $18 million in payments after strong sales.
- Mr Morrison said the government was going through a "gear change" on JobKeeper and JobSeeker payments, with changes to the schemes announced in September leading to 450,000 fewer businesses claiming wage subsidies and 2 million workers no longer needing taxpayer assistance.
- Opposition assistant minister for treasury Andrew Leigh accused the company of "extraordinary insensitivity", taking cash as it flagged record first-half pre-tax retail earnings amid surging digital sales.
Ord Minnett research boss off to Barrenjoey
- Stockbroker Ord Minnett's head of research Nick McGarrigle is off to new broker Barrenjoey Capital Partners.
- It is understood he was hired to work in Barrenjoey's new small caps team, alongside small cap research sales specialist and ex-UBS operative Chad Mikhael.
- Mikhael joined Barrenjoey in October last year, when the start up broker raided UBS' equities desk, also picking up senior trader George Kanaan, and equity sales operatives Stuart Brownrigg, Tim Aurel-Smith and James Ledgerwood, and Melbourne-based David Pender.
- McGarrigle was at Ords for more than a decade, starting as a research associate with the firm in 2010 and working his way up the tree.
- Stockbroker Ord Minnett's head of research Nick McGarrigle has resigned and is heading to Barrenjoey Capital Partners.
- One of the portfolio managers behind Regal Funds Management's high performing Global Alpha Strategy has left the building.
9 Easy Steps To Make Great Charts
- Also, such charts use pleasant colors everyone can see.
- It’s good to use horizontal bar charts for nominal data and column charts for ordinal data.
- Contrarily, we can use orange, the warm color, to draw immediate attention.
- I also use a blue label closer to the Americas’ 2020 bar to tell the reader about the gain in American sales.
- Since I don’t want these elements to get immediate attention, I use gray font color with significant bits bolded.
- I usually ask a couple of colleagues to tell a story by looking at the chart.
- We use charts everywhere to tell our stories.
- A great chart will tell the story by itself, and the presenter’s role is supportive.
- Finally, we acknowledged that testing with real people before pitching to the audience is critical for a useful chart.
JB Hi-Fi and Super Retail flying on buoyant spending
- Electronics and appliances retailer JB Hi-Fi and Super Retail, which owns Supercheap Auto, sporting goods retailer Rebel and outdoors chain BCF, are thriving on buoyant consumer spending that has driven record first-half profits for the duo.
- JB Hi-Fi chief executive Richard Murray said there had been elevated demand for consumer electronics and home appliance products and this had delivered record sales and profits for the group, which also owns the Good Guys chain.
- Its sales rose 23 per cent in the 26 weeks ended December 26, which is likely to flow through to expected earnings before interest and tax to a range of $253 million - $256 million.
- Super Retail chief executive Anthony Heraghty said based on the unaudited figures, the company had produced like-for-like sales growth of 24 per cent.