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Daily update ⋅ March 31, 2020
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Trump is self-isolating at his safe space: Fox News
On Monday morning, he called into "Fox & Friends," one of his most reliable sources of support, and praised his own response to the pandemic.
Graham slams Pelosi, says she held up coronavirus aid to add 'liberal special-interest shopping list' - Fox News
Trump says coronavirus to peak 'around Easter,' slams Pelosi criticism in 'Fox & Friends' interview - Fox News
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Fox News' new America Together spotlights uplifting stories during coronavirus crisis
FOX's 29 owned-and-operated television stations are available for free on FOX.com and the FOX NOW app. On Sunday night, Fox teamed up with iHeart ...
FOX News Channel Launches Editorial Series “America Together” Featuring Stories of Hope ... - Business Wire (press release)
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'Living Room Concert for America' draws 4.6 million on FOX
(Total viewership has not yet been tallied.) FOX's concert aired commercial-free, using breaks to encourage viewers to donate to Feeding America and ...
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Today on Fox News: March 31, 2020
Fox
& Friends, 6 a.m. ET: Special guests include: U.S. Surgeon General
Jerome Adams; Walmart executive Dan Bartlett on why it's important for
big ...
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Fox News concerned about “potential legal action” over its misleading coronavirus coverage: report
Sherman, the author of the Fox News exposé "The Loudest Voice in the Room" who frequently covers the conservative network, told MSNBC on Sunday ...
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Why Fox Corporation Stock Jumped on Monday
Separately, Credit Suisse analyst Douglas Mitchelson lowered his price target for Fox stock on Monday but reiterated an outperform rating. The lowered ...
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$2 trillion wasn't enough: Lawmakers already eyeing another coronavirus response bill
Treasury Secretary Steven Mnuchin, member of the White House coronavirus task force, joins Chris Wallace on 'Fox News Sunday.' On the heels of the ...
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Ancient Mars had 2 reservoirs of water deep underground, study claims
Fox
News Flash top headlines are here. Check out what's clicking on
Foxnews.com. Scientists have discovered that two unique reservoirs of
ancient ...
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Twitter Deletes Laura Ingraham's 'Misleading' Post Touting Coronavirus Cure
Twitter on Monday morning deleted Fox News host Laura Ingraham's viral tweet posted earlier this month touting the drug hydroxychloroquine as ...
Twitter Requires Fox News' Laura Ingraham to Delete Post With 'Misleading' Coronavirus Claims - Variety
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CBS News admits 'mistake' after airing footage of overcrowded Italian hospital in report about NYC
Fox News' Nick Givas contributed to this report. Joseph A. Wulfsohn is a media reporter for Fox News. Follow him on Twitter @JosephWulfsohn.
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Trump: We expect to see 'real progress' on COVID-19 by April 30
President Trump joins 'Fox & Friends' to discuss the latest social distancing guidelines, medical supplies, testing measures, the economy and more.
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Interview: Donald Trump Calls In to Fox and Friends for an Interview
Transcript was cross-checked for accuracy.] Fox News. Fox. transcript courtesy of Fox News. Video. Transcript. Positive.
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Fox News
Fox
News is live now. 23 mins ·. SOON: Dana Perino will be live with
storytime! Join her every weekday at 3:30p ET right here on Facebook as
she ...
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620 firefighters exposed, 5 cases, 91 quarantined
HFD is asking 911 callers to disclose symptoms.
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Some indigenous South American villages blockaded over coronavirus fears, report says
TOGETHER WITHGood morning. With our Manhattan office closed, our writing team has spread far and wide. Today's newsletter was brought to you from Virginia, Tallahassee, NYC, and Rancho Santa Margarita, CA. So read it like you're eating a barbecued gator taco while yelling at someone.MARKETS
NASDAQ7,774.15+ 3.62%S&P2,626.65+ 3.35%DJIA22,327.48+ 3.19%GOLD1,641.90- 0.74%10-YR0.723%+ 4.00 bpsOIL20.31- 5.58%*As of market close- Energy: The continued freefall in oil prices could do “lasting” damage to the industry in the U.S., NBC News reports. With the national average gas price hovering around $2/gallon, there’s never been a better time or a worse time to go on a road trip.
- U.S. markets: Healthcare led the way on another solid day for stocks. Bad news should arrive in the form of unemployment claims later in the week, but investors are hoping historic stimulus measures will see us through this downturn.
WORLD
That's a Wrap on Q1
GiphyNinety days ago we stepped into a new decade arguing over whether it was actually a new decade. Today, we’re in a much different world. On the last day of Q1, let’s take a collective breath and rewind:January
President Trump ordered a strike killing Iran's top commander, Qassem Soleimani. Oil prices and geopolitical tensions soared then fizzled out.BlackRock CEO Larry Fink said the asset manager is doubling down on confronting climate change, a watershed moment for the environment's role in business decisions.Trump signed a "phase one" trade deal with China, calming two years of tensions, as well as a North American trade deal. The U.K. finally Brexited. And China locked down 56 million people as the coronavirus spread.Kobe Bryant's surprise death on Jan. 26 united grieving fans from all over the world.February
The Iowa caucuses were a technological disaster. Tesla went on a stock run for the ages. Feb. 7, the Fed said coronavirus could pose a risk to the U.S. economy.Facebook changed its political ad policies in the wake of Bloomberg memegate. Weinstein was convicted. And Bob Iger abruptly stepped down as Disney CEO.By late February, China was slowly getting back to work after many weeks of quarantine, while the U.S. prepared for an outbreak.March
Joe Biden took the lead in the Democratic primary, while competitors like Pete Buttigieg and Elizabeth Warren ended their campaigns.Saudi Arabia started an oil price war, and the U.S. began acutely feeling the coronavirus. Companies started WFH. Sports were canceled. Universities closed. Trump's Oval Office address sent travelers scurrying home from Europe.In an emergency move to save the economy, the Fed cut rates half a percentage point. March 9, a stock plunge tripped the circuit breaker. Two days later, the Dow entered a bear market. March 16, it logged an almost 3,000 point loss.By mid-March, the private sector had mobilized into a wartime economy. Nonessential businesses were closing. 3.3 million Americans filed for unemployment in a week. And the government passed a record $2.2 trillion stimulus package.Looking ahead...with 2.8+ billion people around the world under some kind of lockdown, many of us will experience Q2 from our living rooms.RETAIL
Stores Go With the Absolute Minimum
Macy's is furloughing the majority of its ~130,000 employees because of this startling fact: Almost 800 of its stores have been closed since March 18 and there's no timetable for reopening.- The company will still cover premiums for employees enrolled in health benefits at least through May.
- Its digital business will see fewer furloughs, mainly because that's the only business Macy's can run these days.
Defining furlough: a mandatory leave of absence without pay, often implemented to cut costs in an economic downturn.Other retailers made similar announcements yesterday:- Gap Inc. is furloughing the majority of its store teams in the U.S. and Canada. Its c-suite is also taking a pay cut.
- Kohl's is furloughing ~85,000 employees. Its CEO will not take a salary for the duration of the crisis.
Bottom line: Department stores were struggling to grow sales before the coronavirus hit. Now, $430 billion in retail industry revenue could evaporate in the next three months, the National Retail Federation estimates.+ Hopeful sign, from China: As Wuhan opens up for business, customers want to "revenge shop," the AP reports.MANUFACTURING
Honk If You're Building a Ventilator
Francis ScialabbaWith demand for their *actual* products next to nil, some of the world's most iconic manufacturers are trying to make up for the critical shortage of life-saving ventilators.Ford and GE Healthcare said yesterday they're going to pump out 50,000 ventilators in just 100 days. Production at the Ypsilanti, MI, plant will be a 24/7 operation run by 500 United Auto Workers union members.GM's breathless sprint to build ventilators seems like it'll be optioned into a Hollywood script: The NYT, WSJ, and Bloomberg all went behind-the-scenes of this fascinating corporate drama.Virgin Orbit, Richard Branson's rocket company, said it will be able to produce a few hundred ventilators per week starting next month, pending regulatory approval.Ventilator Challenge U.K. is a group of 14 British manufacturers (including Rolls-Royce) making two different ventilator models known as Project Oyster and Project Penguin.Looking ahead...expect others to join the party. Medtronic, a $123 billion medical device giant, published the specs for one of its ventilators online yesterday to make it easier for non-ventilator makers to produce their own.SPONSORED BY THE MOTLEY FOOL
One of The Fool’s Smartest Analysts Talked Us Down
Right now, we’re craving information. Like you, us lowly ad writers open up this here newsletter everyday hungering for the who/what/when/where/why of just whatever the heck is going on.And when it comes to investing, basically we have one question: Should we even be doing that right now?So to help us come up with an answer for such a beguiling question, we sat down with one of The Motley Fool’s Investment Analysts, a modest, kind genius named Emily Flippen.After our conversation, we left feeling a little less lost, a little more at ease, and quite a bit more comfortable using the world “dividend” in casual conversation.Take a look at the article we put together with Emily’s help. And to Emily, sorry for the joke we insisted on telling you about the bull and bear who walked into a bar.MEDIA
For Publishers, It’s More Business, Less Money
Yesterday, Facebook announced $100 million in grants and marketing for local news organizations. For some publishers, that’s like getting a Kit Kat from the bully who stole your lunch money, but right now the industry is facing bigger problems.The coronavirus pandemic has sent pageviews and subscriptions soaring, but advertisers are pulling spots because of the uncertainty.- Some alt-weeklies have laid off three-quarters of their staff, the NYT reports. BuzzFeed and American Media cut salaries. Many others reduced hours or furloughed employees.
Gov. Phil Scott recently called on Vermonters to support local news. But is that enough?The loss of ad revenue is greater than incoming subscriptions, and outlets most dependent on advertising (the free ones) are at high-risk, Nieman Lab writes.- The cruel irony: More consumers are willing to pay for local reporting for the first time in years, but the blow to ad revenue may be too crippling.
The NYT's Ben Smith argues we should abandon for-profit newspaper models and move strictly online, effectively "bailing out" the journalists. Others think the government should support local outlets through initiatives like public health ad campaigns.HEALTHCARE
Help Is On the Way
Dimitrios Kambouris/Getty ImagesThe USNS Comfort sailed into New York Harbor yesterday in the best grand entrance since Willy Wonka. The Navy's hospital ship, home to 1,000 beds and 1,200 medical staff, will be used to relieve some of the strain on the city's healthcare system. It'll start treating patients today.A couple of interesting facts:- The last time this ship was deployed to NYC was following 9/11.
- If propped up vertically, it'd be the 13th tallest building in the city.
PODCAST
The Business of Giving Back
Francis ScialabbaYou could use some good news. Today on Morning Brew’s Business Casual podcast, we’re delivering just that—a conversation on the business of giving back with charity: water founder Scott Harrison.Harrison explains why the cult favorite nonprofit he runs is more concerned with projects from Nike or Apple than the ASPCA. Plus, he justifies his unique, tech-influenced (and sometimes controversial) nonprofit business model.Listen here: Apple / Spotify / everywhere elseWHAT ELSE IS BREWING
- Johnson & Johnson and Moderna signed big vaccine deals with the U.S. government. But no usable product should be ready until 2021.
- Instacart and Amazon workers went on strike yesterday over working conditions during the coronavirus pandemic.
- The Tokyo Olympics have a new opening ceremony date: July 23, 2021.
- Airbnb will pay out $250 million to hosts following a flood of cancellations on the platform.
- NFL teams spent $2.6 billion in the first week of free agency, per NFLPA data cited by the WSJ.
BREW'S BETS
- Boost your career to new heights while WFH. The CMA® (Certified Management Accountant) credential is the global standard for finance and accounting professionals. There’s no better time to take your career to the next level. Become certified in just 12–18 months.*
- Remote work drama? Get a llama. If your team’s working from couches and kitchens, you need Lessonly (and their llama mascot). Their training software keeps teams aligned, enabled, and agile—even in not-so-certain times. Check it out.*
- Tech Tip Tuesday: Here’s how to change your Zoom background. You can always upgrade to a Morning Brew theme or a favorite from The Verge.
*This is sponsored advertising contentCALENDAR
Your Daily Quarantine Planner: March 31
It’s Jamie, the Brew’s editorial coordinator and unofficial SoCal correspondent.Morning workout
Try Peloton’s 15-minute workouts. They don’t require expensive equipment, and right now the app is free for 90 days.Work soundtrack
- Some artists that make me feel like I’m back in a Brooklyn coffee shop: City Girl, Khruangbin, Hiatus Kaiyote, and Noname.
- And back by popular one reader's demand, more video game music: Playstation and Lofi.
Lunch, but make it productive
Level up: Morning Brew CEO Alex Lieberman chatted with Retail Brew writer Halie LeSavage about COVID-19's impact on the industry. Watch it here.Do good: Put this online music festival on your calendar for this weekend. The proceeds go to out-of-work artists.Stay up-to-date: Two Dr. Fauci interviews with the right mix of realism and optimism: Science and Trevor Noah.Dinner plans
Since I’m in SoCal, I’ll be binging on Mexican takeout for the foreseeable future. You can always eat local and be lazy at the same time with free Uber Eats delivery.Evening activity
No screen, kinda: 1) Learn to paint with artists going live on Instagram, like my fellow USC alum Julia Ryan.Screen: Both of my favorite Ari Aster flicks are on Amazon Prime Video: Midsommar and Hereditary.NAME THE ARTIST
Groninger MuseumAt 3:15am local time Monday morning, thieves broke into a Dutch museum that's been closed due to the coronavirus and stole the painting “The Parsonage Garden at Nuenen in Spring.” Do you know which artist painted it?A few hints: He lived from 1853–1890. Other famous works include "Wheatfield with Cypresses," "The Potato Eaters," and "Sunflowers." He was not quite whole.March 31, 2020 Read in Browser March 31 FEATURED BIOGRAPHY 1950 Zaha Hadid READ MORE FEATURED EVENT 1889 Eiffel Tower inaugurated
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