Skip to main content

In NYC? Enjoy open bar? Join The Water Coolest in SoHo on Thursday, May 16th for CHAD Talks. From 7-9:30 we'll be hosting a networking event (read: open bar) and panel discussion (featuring bankers turned successful entrepreneurs).

Tickets (available here) are $25 with ALL proceeds benefiting the PTSD Foundation of America. If you have any questions, email

Start your day with the Opening Bell powered by The Water Coolest. The Water Coolest is the preferred bathroom stall reading material of finance professionals. Sign up for the free daily newsletter.


iPhone users will have their day in court. 

According to the Supreme Court, which ruled 5-4 against Apple, iPhone users will be allowed to move forward with their antitrust suit against the Cupertino-based phone maker. iPhone users claim that the 30% Apple is skimming off the top on any App Store purchase is an unfair use of monopoly and that the resulting inflation on app prices is sent down the line to consumers.

What do you have to say for yourselves? 

Apple’s claim was that only the app developers, and not the end consumers themselves, should be able to bring such a suit to court. The firm also argued that it was not a monopoly, but instead a platform for developers to set their own prices. Of course, it's the only platform.

In a statement from Justice Brett Kavanaugh, it was established only that consumers themselves have the right to sue the company vs. a confirmation by the highest court in the land that Apple violated any antitrust laws. 

Oddly enough, it was the court’s four liberal judges that joined Kavanaugh in his ruling, while the dissenting opinion was penned by Neil Gorsuch, President Trump’s other Supreme Court appointee. I’ll take “things I’d never imagine happening in a million years” for 400, Alex.  

Apple’s stock fell 5.3% on the news, but don’t worry, the new iPhone probably won’t fold in half! 

Supreme Court deals Apple major setback in App Store antitrust case  [CNBC]


- China comes out swinging [NYT]

- Bayer just keeps putting up bricks [WSJ]

- Things just went from bad to worse for Uber [ArsTechnica]

Sign up to receive The Water Coolest. Blue-chip daily business news delivered to your inbox every AM.


Getty Images

Opening Bell 7.17.19

Can Apple use some of this money to make Joe Rogan STFU?

Getty Images

Opening Bell 3.14.19

Snitches get stitches.

Getty Images

Opening Bell 9.3.19

"What would you say ya do here?"


Opening Bell 2.13.19

Have you no shame, Tim?

Getty Images

Opening Bell 1.29.20

Apple has Pablo Escobar levels of cash on hand ...

Getty Images

Opening Bell 4.17.19

The hormonal teenager in all of us just died a little bit ...


Opening Bell 9.11.9

Define "innovation" ...