BREW AND HEADLINES

	FOX Daily update ⋅ August 28, 2020
	NEWS
	As Tucker Carlson justifies violence, Fox News is paying him $10 million a year CNN Carlson is one of the Fox News Channel's most valuable assets and he is compensated accordingly. In my new book "Hoax," I report that he makes ... Flag as irrelevant
	READ: Trump's GOP nomination acceptance address Fox News READ: Trump's GOP nomination acceptance address. Read the prepared remarks from President Trump's GOP nomination acceptance address. Fox ... Pence accepts VP nomination, warns voters 'you won't be safe in Joe Biden's America' - Fox News Trump, in convention speech excerpts, to slam Biden for 'extreme' Democratic agenda - Fox News Harris charges Trump 'froze,' was 'scared' when coronavirus hit - Fox News Full Coverage Flag as irrelevant
	Lawrence Jones on violent protests: Safety vs. justice shouldn't be a binary choice Fox News Fox Nation host Lawrence Jones on Thursday weighed in on the rioting occurring in Kenosha, Wis., in the wake of the police-involved shooting of ... Suspected teen gunman Kyle Rittenhouse spotted cleaning Kenosha graffiti before shooting - Fox News Jacob Blake handcuffed to hospital bed, father says - Fox News Kenosha shooting victim recovering from surgery in Milwaukee - Fox News Full Coverage Flag as irrelevant
	Eric Trump: Dems mock 'flyover states,' repeating same mistake Hillary made Fox News "They literally mock so much of this country," the president's son, a Trump Organization executive vice president, told “Fox & Friends.” TOM COTTON ... Flag as irrelevant
	Fox News attracts 7.1 million viewers on third night of RNC, dominating competition Fox News Fox News finished the night with 45 percent of the market share of RNC viewers. Roughly 15.8 million people tuned in across the six networks, ... Flag as irrelevant
	Pompeo's Mideast trip vital to advancing goal of peace, analyst tells Fox News Fox News ... those talks,” Mustafa Alrawi, the assistant editor-in-chief of The National newspaper in Abu Dhabi, told Fox News. “Does domestic politics in the U.S., ... Flag as irrelevant
	Trump campaign says RNC will go on as Hurricane Laura batters Louisiana Fox News Fox News' Travis Fedschun and Janice Dean contributed to this report. Paul Steinhauser is a politics reporter based in New Hampshire. Hurricane Laura aftermath: Chemical fire erupts outside Lake Charles, Louisiana - Fox News Full Coverage Flag as irrelevant
	Fox News anchor Chris Wallace slams colleagues for appearing to rationalize 17-year-old ... Business Insider Fox News anchor Chris Wallace pushed back against panelists on a Fox News talk show Thursday after one pundit appeared to justify vigilante justice ... Chris Wallace Calls Out Fox Hosts for Seemingly Justifying Vigilante Violence: 'I Don't Think That's ... - Daily Beast Chris Wallace Calls Out Fox News Hosts for Justifying Vigilante Justice - Rolling Stone MSNBC's Joy Reid claims RNC 'trotted out' Black speakers to make Whites 'feel good about white ... - Fox News Full Coverage Flag as irrelevant
	Man sues Wendy's after finding racist note on receipt Fox News Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. A man has filed a lawsuit against Wendy's after allegedly ... Flag as irrelevant
	Cleveland's 3 major teams link to fight for social change Fox News Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. Cleveland's three major professional sports franchises — the ... Flag as irrelevant
	WEB
	WWE Full Match: Paige vs. Alicia Fox - WWE Payback 2014 Facebook Paige is put to the test as she defends her Divas Championship against Alicia Fox at WWE Payback 2014! Courtesy of WWE Network. Flag as irrelevant
	New Data and Resources Added to the Fox DEN Platform The Michael J. Fox Foundation for Parkinson's Research The Michael J. Fox Foundation often works with investigators to field surveys in Fox Insight as part of separate studies. All data collected through Fox ... Flag as irrelevant

 

TOGETHER WITH

Good morning. Want more Brew in your inbox? We know a way, and no, you don’t need any referrals to get it.  Kinsey Grant, host of our podcast Business Casual, is penning a new column every Sunday night that goes deeper on business topics important to your life, like the impact of a recession on entrepreneurship and what needs to change about higher ed.  The first issue comes out this Sunday and it's . Try it out.

MARKETS NASDAQ 11,625.34 - 0.34% S&P 3,484.59 + 0.17% DJIA 28,492.82 + 0.57% GOLD 1,938.70 - 0.71% 10-YR 0.754% + 5.70 bps OIL 42.99 - 0.92% *As of market close 2020: On the final night of the GOP’s convention, President Trump officially accepted the party’s nomination for president with a speech from the White House. With just 67 days until Election Day, the race between Trump and Biden is kicking into high gear.  Jobs: More than 1 million Americans filed for unemployment benefits last week, showing employers continued to drop a historic number of jobs more than five months into this crisis.

ECONOMY Why the Fed’s New Inflation Strategy Matters

Kansas City Fed While Fed Chair Jerome Powell looks like he’s giving James Bond instructions for a new mission, we can assure you he is talking about a much more exciting topic: monetary policy.  In a keynote address at the Fed’s annual policy symposium, Powell revealed a major update to the central bank’s basic framework for steering the economy through good times and bad. The update: The Fed now wants inflation (the rise in prices) to run at a 2% average, rather than a concrete bullseye it needs to hit. That means it will be comfortable with inflation climbing above 2%, a prospect that at one point would scare the bejesus out of central bankers. The reason behind the shift: Powell and his pals thought that historically low unemployment—like the kind we had in 2019—would push up prices and cause higher inflation, but...that never happened. Inflation consistently came in below the 2% target despite pretty much everyone having a job.  The new change, in Powell’s words, “reflects our view that a robust job market can be sustained without causing an outbreak of inflation.”   What it means for you  The Fed typically hikes interest rates when it’s worried inflation might run too hot. But as we mentioned, it just kissed those worries goodbye.  That means interest rates, which the Fed dropped to near-zero in the early days of the pandemic, could stay really low for a really long time. The Fed’s benchmark interest rate sets the standard for borrowing costs across the economy, influencing everything from mortgages to the yield on your savings account. So whenever you lock in a super low rate on your home loan or earn $1 in interest over the next year, just say “Thanks, Jerome.”

WEATHER Laura Slams Louisiana

STRINGER/AFP via Getty Images Laura, one of the most powerful hurricanes ever to hit the U.S., crashed into the Louisiana coast early yesterday morning as a Category 4 storm before weakening significantly. Houses and businesses were flattened. Officials have confirmed at least six deaths.  The industrial city of Lake Charles (pop. 80,000) was particularly pounded—police spotted a casino that had been unmoored and was floating on by. And first responders were trying to stamp out a fire that had broken out at a chemical manufacturing facility.  The cleanup is just beginning and authorities will assess the damage in the coming days. One piece of good news? The storm surge was far lower than feared.

SOCIAL MEDIA Name a More Iconic Trio Kim, Khloé, and Kourtney. Eggs, cheese, and ketchup. Microsoft, TikTok, and...Walmart?  Walmart turned Business Twitter sideways yesterday when it announced plans to Teams up with Microsoft to purchase TikTok’s U.S., Canada, Australia, and New Zealand operations.  Catching you up: The Trump administration has forced TikTok's Chinese owners to sell the video app to a U.S. company over national security concerns. The price tag? In the $20–$30 billion range, per CNBC.  What a big-box retailer gets from a partnership with a software company to buy a social media company: A boost to e-commerce. Walmart has a membership program in the works called Walmart+, which it hopes will unseat a rival that rhymes with Bamazon Brime.  Second, a huge new advertising market. TikTok has nearly 100 million monthly active users in the U.S. who may be in for a lot more “Save Money. Live Better.”  Looking ahead...a decision from TikTok will reportedly arrive “in the coming days.” But it'll be without CEO Kevin Mayer, who resigned abruptly Wednesday night.

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MEDIA A New Dawn at Bon Appétit

Brian Stukes/Getty Images Yesterday, Condé Nast announced publishing exec Dawn Davis will take over as editor-in-chief of Bon Appétit this November, where she’ll oversee the food media brand’s magazine and popular Test Kitchen video franchise. At Simon & Schuster, Davis launched the 37 Ink imprint, which focuses on publishing books by authors from marginalized communities. She’ll be the third Black person to lead one of Condé Nast’s U.S. publications.  She’s got grease fires to put out Earlier this summer, as protests over the killing of George Floyd spread across the country, Bon Appétit faced its own reckoning over allegations of racism and unequal compensation for employees of color. Former editor-in-chief Adam Rapoport stepped down in June after a writer shared a photo of him wearing brownface in 2013.  In the last month, seven Bon Appétit personalities stepped down from appearing in Test Kitchen videos, including several employees of color, after negotiations to address pay inequities stalled. Some of those chefs remain on the magazine’s editorial team. Big picture: The scandal at Bon Appétit has played out very publicly, with employees using social media to pressure the company for change and call it out when it failed to do so.

TECH Amazon’s Halo Effect

Business Wire Yesterday, Amazon anointed its first major play in the wearables market with wings. The Halo wristband packs all the must-have trackers—cardio, sleep, heart rate, temperature—but two new features may be more polarizing than chewing on ice cream: Tone uses built-in microphones to periodically listen to a user’s voice and log their emotional state.  Body creates a 3D body scan using smartphone photos, then uses AI to calculate body fat percentage. After five months pounding quarantine Cheez-Its, count us out.  Halo doesn’t include a screen (users access their stats through a smartphone app), and Amazon will keep user profiles separate from Prime accounts. It’s also breaking from the industry norm by charging a $4/month subscription. Big picture: Until now, Amazon has mostly focused on tricking out your home with smart devices. With Halo, it’s making a play for the estimated $52 billion wearables market and complementing its other efforts around telehealth, employer healthcare, and pharmacy delivery in the $3.5 trillion healthcare sector.  Looking ahead...it’ll be playing catch up. The Apple Watch locked in 51% of smartwatch shipment revenues in the first half of 2020.

QUIZ Macaulay Culkin Is 40. Here's a News Quiz It was a historic week of hurricanes, protests, and politics. See how well you absorbed all the information by taking our weekly news quiz.

WHAT ELSE IS BREWING NBA players have decided to resume the playoffs after refusing to take the court in protest against racial injustice. Other sports leagues postponed games last night to draw attention to issues of racism and police brutality.  Broadway Federal Bank and City First Bank are merging to create the largest Black-owned bank in the country. Warby Parker, the e-commerce eyewear pioneer, raised $245 million at a $3 billion valuation. Elon Musk’s company Neuralink will give an update on its brain-machine interface this evening.

BREW'S BETS Before the holiday shopping avalanche hits—prepare with Square. Considering 66% of shoppers plan to increase their online holiday spending this year, now’s the time to get ahead. Download their guide to holiday e-commerce today.* Breeze through your back-to-school shopping list. Thrive Market delivers your favorite healthy products and brands straight to your door. Join today and get a free gift (up to $22 value).* Hits of the week: Readers loved Emerging Tech Brew’s comprehensive guide to AI, a seriously addicting game, and the 10 fastest-growing athleisure brands online. Follow Friday: Marketing Brew writer Phoebe Bain is taking over today. Follow her on Twitter and Instagram, then check out… On Insta: @truecolors.official takes iconic brand logos and makes them as white as their corporate leadership and boards. And the graphic design inspo on @paulfuentes_design, is *chef’s kiss.* On Twitter: The Knot’s VP of Marketing @AmandaMGoetz is leading the wedding industry through a pandemic (I wonder if she follows the satirical @NYTvows), while @haydenfield is the newest writer on the Brew’s elite emerging tech squad. *This is sponsored advertising content

FROM THE CREW Brew Originals: Disabilities and the Pandemic For years, the Brew has been known for summarizing the day’s news in a fun, digestible format. But we have unique stories of our own to share. Today, we’re excited to release a Brew Original piece by writer Alex Hickey that explores how the remote work revolution has affected the employment prospects of American workers with disabilities. You’re guaranteed to learn something. Read the piece here.

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Columnists The NBA Is Done Larry O'Connor Our Obligation to Fight Jack Carr The Mob Comes For Tucker Carlson (Again) Derek Hunter Blaming the Violence on Trump Is a Bridge Too Far David Limbaugh How To Think About Conservatism Post-Trump Josh Hammer Media Figures Smear Nick Sandmann as a ‘Snot-Nosed,’ ‘Smug,’ ‘Tiny Nazi’ Katie Yoder Is Biden Ceding the Law-and-Order Issue? Pat Buchanan Trump's Republicans Scoring on Issues Democrats Wouldn't Mention Michael Barone Jake Tapper's Revolting Post-Game Analysis Tim Graham ADVERTISEMENT Biden Is Underperforming Hillary in Battleground States David Harsanyi America Can’t Unite Without Faith Jack Brewer The Bounce and the Aftermath Erick Erickson Declare Fentanyl a Weapon of Mass Destruction Martha Boneta We Need the Catholic Vote to Vote for Life Bernadette Cordaro Boyd Kenosha 'Violence Could Have Been Prevented’ M.D. Kittle Trump’s Price-fixing Scheme Is the Wrong Prescription for Patients Ross Marchand UFCW Playing Politics Rather Than Representing Grocery Workers Timothy Lee Finally, States Are Retracting Hydroxychloroquine Bans Christina Herrin To Bring Our Supply Chains Home, We Must Continue to Make America the Most Attractive Place to Invest Capital Bill Hagerty Video Gov. Evers: Saying Abortionists 'Execute Babies' Is 'Blasphemy' Trump blasts Schiff as 'political hack' Pelosi's condescension offers some laughs Pelosi open to border infrastructure INVESTING How Free Markets Won The Battle Of Ideas How Arizona Stopped Its Epidemic

Tipsheet Ivanka Trump Rips 'Empty Vessel' Biden and Makes a Compelling Case for Trump's Re-Election Reagan McCarthy Violent BLM Mob Attacks Rand Paul, Others Outside of the White House Katie Pavlich On All Fronts, President Trump Delivers a Knock Out Punch Against Biden Katie Pavlich HUD Secretary Ben Carson Notes the One Statistic that Is Racist Towards the Black Community Matt Vespa Mayor Giuliani, Hizzoner Forever, Delivers a Knockout Punch to Incompetent Democrats Destroying Cities Ellie Bufkin 'Hallelujah!': Alice Johnson Delivers Joyful Speech About the Second Chance President Trump Gave Her Cortney O'Brien How Wrong Has Biden Been on Foreign Policy Decisions? Cotton Reminds Viewers During RNC Speech Leah Barkoukis In Tearful Address, Widow of Slain Hero St. Louis Cop Delivers Simple Warning to Black Lives Matter Matt Vespa WATCH: Protesters Denounce Police Outside White House Ahead of Trump Speech Bronson Stocking McCarthy's Message of Hope: 'Tough Times Don't Last Because Tough Americans Do' Bronson Stocking ADVERTISEMENT Political Cartoons Bearing Arms Chaos Is Contagious. Can We Find A "Vaccine"? | Cam Edwards "Guardian" Stops Armed Intruder At Florida School | Cam Edwards Aussie Gun Control Comes From Country Now Penalizing Rape Victims | Tom Knighton NYC Gun "Buyback" Nets Fewer Than 50 Firearms | Cam Edwards Facebook Jumps To Shut Down "Kenosha Guard" Page | Tom Knighton