Rachel Warren

So overall, good numbers.

But I think we are seeing a consumer that is spending much more cautiously than in

past periods.

I think what we're looking at right now is a time where consumers are really prioritizing the purchases they make.

Lou talked about the fact that some of the sales that consumers were taking advantage of were of important non-discretionary items.

I think that's something we might continue to see.

The flip side is, as you were talking about, this prolonged Black Friday shopping season that goes just beyond Black Friday and Cyber Monday, that does give retailers with robust business models an opportunity to capitalize on a longer sales runway.

So I think it remains to be seen whether that's something that's going to be advantageous in this period of time where consumers are more cautious than ever.

Yeah, there's been a lot of interesting kind of deal making in the FPAL space.

And this particular deal involves two companies, Beta Technologies and Eve Air Mobility.

So Beta, they're a Vermont based company.

They're known for developing and manufacturing all electric aircraft.

That includes vertical takeoff and landing and conventional fixed wing models.

Now, Eve Air Mobility was officially launched as a spinoff from the Brazilian company Embraer in 2020, building on Embraer's aviation expertise.

They became public through a SPAC merger a few years ago.

Embraer still retains a majority stake.

That's a little bit of a background on those two companies.

So stocks of both Beta and Eve rose significantly after this deal was announced.

Beta is going to be supplying up to $1 billion worth of electric pusher motors to Eve Air Mobility over the next 10 years.

That provides Beta with a pretty significant new revenue stream.