Saturday, March 28, 2020

WORLD NEWS AND BREW WITH HEADLINES

World
WHO chief's questionable past comes into focus following coronavirus response
HEALTH18 hours ago

WHO chief's questionable past comes into focus following coronavirus response

The head of the World Health Organization, in charge of making life or death decisions on a grand scale, has been accused of covering up cholera epidemics, supporting a terrorist organization and inflating his resume to claim he conquered malaria and HIV.

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FOX
Daily update ⋅ March 28, 2020


NEWS

How the Fox News presidency has politicized a national health crisis
Fox, the television home of the Trump administration, has been stocked with Trump aides and officials like Dr. Anthony Fauci, who appeared on "The ...
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Fox News Poll: Recession fears mount as coronavirus jolts US economy
Here are eight takeaways on the coronavirus pandemic from a Fox News Poll released Thursday. -- President Trump's overall job approval ticks up, ...
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Fox News anchors fail to challenge Trump as he misleads during coronavirus town hall
New York (CNN Business) Anchors at Fox News failed to meaningfully challenge President Trump as he repeatedly misled the network's viewers ...
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Fox will broadcast NASCAR's substitute sim racing 'season' on television
The race was even announced by Fox's standard broadcast crew of Jeff Gordon, Mike Joy, and Larry McReynolds. The race was a huge success, all ...
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Trump's faux facts on Fox News
Over the course of a day, President Trump appeared in a virtual Fox News Town Hall, in a Fox News interview and in the daily coronavirus task force ...
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Trump signs $2T stimulus bill after House approves historic coronavirus response
Fox News · Coronavirus · U.S. · World · Opinion · Politics · Entertainment · Business · TV · Fox Nation · Listen; More. Expand / Collapse search. Login.
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New poll finds Fox News viewers think the coronavirus threat is exaggerated
How much does Fox's drumbeat of coronavirus misinformation matter for its largely Republican, largely older audience? A new national poll from Survey ...
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Fox Business lets go anchor who called coronavirus 'impeachment scam'
Fox Business — the sister channel of Fox News — issued a statement Friday saying it has parted ways with the host, who had been with the channel ...
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First Responders Children Foundation teams with FOX for concert to aid coronavirus fight
“FOX Presents the IHeart Living Room Concert for America” will air on Sunday at 9 p.m. ET on all FOX platforms and iHeartMedia radio stations ...
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Today on Fox News: March 25, 2020
Fox & Friends, 6 a.m. ET: White House press secretary Stephanie Grisham; Sen. Tom Cotton, R-Ark.; Dr. Marc Siegel answers your coronavirus ...
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WEB

President Trump discusses efforts to slow COVID-19 pandemic, urges Michigan, Washington ...
President Trump joins Sean Hannity on 'Hannity' to discuss race to find coronavirus treatments, efforts to bolster the U.S. economy amid COVID-19 ...
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Health experts identify new COVID-19 symptoms
He also tells FOX 26 that he and the staff at UT Health have seen a few COVID-19 patients with headaches, and experiencing diarrhea. But he says if ...
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Fox News Radio Newscast
Fox News Radio Newscast podcast on demand - The latest news from the fastest growing radio news network, FOX News Radio. Listen to the power ...
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Fox News - New York Governor Andrew Cuomo holds a briefing...
Fox News is live now. 8 mins ·. New York Governor Andrew Cuomo holds a briefing on coronavirus in New York, NY. Share. Related Videos ...
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Fox News - The World Health Organisation holds a briefing...
afternoon briefing on coating We have as always the WHO director general doctor We have Doctor Ryan executive director of our emergency program ...
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Attorney General Fox Urges Online Marketplaces to Prevent Pandemic Price Gouging
Today, Montana Attorney General Tim Fox and other attorneys general urged Amazon, Facebook, eBay, Walmart, and Craigslist to more rigorously ...
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FOX 10: Governor Ducey Provides Latest Updates On COVID-19
FOX 10: Governor Ducey Provides Latest Updates On COVID-19. Video of FOX 10: Governor Ducey Provides Latest Updates On COVID-19 ...
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SATURDAY 3.28.2020







TOGETHER WITH
Christopher Cloos
Good morning. We've got two weekend "events" to put on your radar...(unless you have something better to do?) 
  • Sunday night's iHeartRadio Living Room Concert for America is pretty legit, featuring Dave Grohl, Billie Eilish, Demi Lovato, and many more—hosted by Sir Elton John.
  • Tonight is Earth Hour, a global movement that encourages people to switch off their lights from 8:30pm–9:30pm local time in support of the planet.

MARKETS


NASDAQ
7,502.38
- 3.79%
S&P
2,541.47
- 3.37%
DJIA
21,636.78
- 4.06%
GOLD
1,627.00
- 1.47%
10-YR
0.674%
- 17.80 bps
OIL
21.85
- 3.32%
*As of market close
  • Stimulus: The House passed and President Trump signed the largest economic relief bill in U.S. history, a $2.2 trillion whopper. $1,200 payouts and other financial assistance measures are on their way to many Americans who are suffering from a swift but crushing economic crisis. 
  • Global economy: It's now in a recession, said the head of the IMF.
  • U.S. markets: Despite heavy losses on Friday, the major indexes posted historic weekly gains. The Dow had its best week since 1938, when there were more cars on the road than there are now.
Francis Scialabba
When you’re confronting both a) an economic crisis and b) a public health emergency, the last thing you want to do is trip on red tape. This week, the U.S. government relaxed regulations across a number of industries—but not without controversy. 

Banks get relief in the relief package

The $2.2 trillion stimulus bill passed yesterday relaxes some financial crisis-era rules to keep banks lending in these credit-crunched times.
  • Regulators said banks could ignore a tough new accounting rule that requires them to estimate future losses on loans. 
  • Smaller banks won’t need to hold as much cash in reserve until the end of the year or the end of this crisis.

Environmental monitoring

On Thursday, the EPA temporarily relaxed enforcement of environmental rules on polluters like power plants and factories. Citing COVID-19, the agency said it wouldn’t penalize companies that violate the rules because of coronavirus-related challenges. 
  • Supporters say it’s a sensible guideline in the face of uncertainty. Environmental leaders called it a “license to pollute.” 

Fast-tracking medical equipment

You’ve heard stories of companies heroically rejiggering their assembly lines to churn out emergency medical products. It’s...a little more complicated than that. Regulators have needed to loosen rules over the production of some life-saving medical equipment. A few examples:  
  • The FDA won’t enforce its “premarket review” when factories like Ford’s that do not typically make ventilators start making ventilators.
  • Distillers that pivoted to make hand sanitizer received some waivers from the government. But ethanol producers sitting on millions of gallons of lower-grade alcohol are still petitioning the FDA to let them help out in the effort.  
Fun note: Because of the coronavirus, we might even start seeing some midshipmen with mullets. The Navy relaxed its hair length grooming standards for sailors “due to COVID-19 force health protection measures maximizing social distancing.”
Looking ahead...we’ll be keeping tabs on which of these “temporary” deregulatory policies become permanent. 
        

MANUFACTURING

What’s in a Tweet: President Trump vs. GM Edition

Yesterday, President Trump had this to say about General Motors:
Trump tweet about GM
@realDonaldTrump
Let’s break down what the president meant, what GM did in response, and what invoking P really means. Stop giggling. 
The backstory: Trump criticized GM and CEO Mary Barra Friday morning for moving too slowly in cranking out ventilators. The U.S. is expected to require hundreds of thousands of ventilators to treat COVID-19 patients.
  • GM said yesterday it was already working on a joint venture with Ventec Life Systems to build ventilators at its plant in Indiana.
  • But the NYT reported earlier Friday that the automaker wanted over $1 billion from the government for roughly 80k breathing machines. That made FEMA reassess the arrangement. 
Invoke “P”: Trump meant the DPA, or Defense Production Act. The Korean War-era statute allows the White House to force companies to produce critical materials in disaster situations.
Next step: Friday afternoon, Trump formally ordered GM to make ventilators under the DPA. The company said the order doesn’t change its production plans. But after Trump’s beef with Barra last year over her plans to shutter five North American plants...things are tense.
        
Apple
If you’re tired of WebMD giving you the runaround, Apple yesterday launched a website and app dedicated to COVID-19 screening in collaboration with FEMA, the CDC, and the White House.
It’s no substitute for a cotton swab up your nose, but Apple’s new program quizzes you on your symptoms and recent travel to let you know when (or if) you should seek medical care or COVID-19 testing. It can’t guarantee you’ll get one of the high-demand, low-supply tests, though—only an NBA contract can do that. 
Apple’s app joins a growing list of tech products aimed at informing you about the coronavirus.
  • A research app in the U.K. dedicated to collecting data on COVID-19 for medical professionals racked up 750,000 downloads from Tuesday to Thursday.
  • Amazon’s voice assistant Alexa and Alphabet's Verily unit can help answer COVID-19 questions.
Big picture: The tech community has mobilized in a big way during this crisis. Apple is also donating 10 million face masks across the U.S. and Europe. 
        

SPONSORED BY CHRISTOPHER CLOOS

Do Good, Look Good

Christopher Cloos
Everybody knows the Danes are amazing at two things: being ridiculously good-looking (like the people in that photo up there) and making sweet designer shades. 
To add to that, the expert eyewear makers at Christopher Cloos are looking to do some good while making you look as beautiful as the average Dane.
For every pair of their Passable frames sold, Christopher Cloos is donating $25 USD to UNICEF to help support children and their families during this difficult time.
Grab a pair with blue light lenses to ease the eye-strain from staring at your laptop all day, or go with polarized lenses for your hot-tub-meets-home-office setup.
Whichever pair you choose, you’ll be well on your way to looking more Danish—and that’s never a bad thing in our book.
Their spring hinges will make Christopher Cloos your favorite eyewear artisans. And now you can get 20% off with code TMB20. 
Francis Scialabba
Alternate quarantine side hustle idea in case no one pays for your premium TikToks: buying oil in markets suckerpunched by declining demand.
Wyoming Asphalt Sour, a dense oil used to make paving bitumen, sold at negative prices in mid-March. As in, producers are paying buyers to take barrels off their hands.
How that happens: Unlike Facebook shares or Treasury bonds, oil is a physical commodity that needs to be stored somewhere once it’s pumped out of the ground. When storage costs climb high enough (or space runs out) producers might pay buyers to take it.
  • Storage is an issue right now. With COVID-19 freezing economic activity, demand for crude has fallen off a cliff. 
  • That means reserves are filling up faster than the bar right after social distancing measures are lifted. 
Looking ahead...Wyoming Asphalt Sour was the first crude stream to flip negative, but it might not be the last. A handful of other North American crude grades are trading dangerously close to zero, Bloomberg reports.
        

GRATITUDE

Thank You, Healthcare Professionals

From Flightradar24: "A Magnus Fusion 212 pilot took to the sky over Hungary today to show their appreciation for healthcare professionals."
We can't fly a plane, but we echo the sentiment. Thank you to everyone in the medical profession working every day to keep us healthy. 
flight
@flightradar24

WHAT ELSE IS BREWING

  • Alphabet will donate more than $800 million worth of funds and ad credits to the coronavirus cause. 
  • Lyft told its drivers to seek opportunities with Amazon as demand for ride-sharing falls.
  • The e-scooter startup Bird has laid off about 30% of its workforce.
  • Carnival Corp., the cruise operator, is reportedly looking to raise as much as $7 billion to plug a hole where the global travel industry used to be.
  • The world’s largest condom producer, Malaysia’s Karex, warned of a global shortage because its factories are shut down.

SPONSORED BY CARIUMA

Cariuma
Put a spring in your step (pun very much intended). While we may be homebodies right now, the Brew Team is still celebrating spring with CARIUMA’s outrageously comfortable and sustainable sneakers. They’re just the cheerful pick-me-up we need. Rock a pair in yellow, rose, green, or classic white. Bring springtime home, and get 15% off your sneaks before they sell out again. 

FROM THE CREW

Hometown Heroes

We love writing all parts of this newsletter, but our favorite section recently is showcasing readers' stories about people helping each other in their neighborhoods. Here's the latest entry...
Vicki in New Orleans, LA: “Families in our New Orleans neighborhood are posting the kids' artwork in their windows. It's a strolling gallery tour for those who are taking their daily walk.”
Rachael in Fort Mill, SC: “My neighbors and I are taking turns dancing and waving outside of a senior living center every day at 4 to show the residents some love.”
Lauren in Indianapolis, IN: “I was walking my pup in the neighborhood and a woman and two teenagers jumped out, ran to the door with birthday balloons and then proceeded to sing ‘Happy Birthday’ to their grandmother on her Ring.”
You can always check out our guide on ways you can help with coronavirus relief efforts, or submit your own inspiring stories here. 

BREW'S BETS

  • What happens when the COVID-19 panic ends? Some think the U.S. could enter a cold war with one of its biggest frenemies. Find out who wins and who loses on a brand new episode of the Brew’s Business Casual podcast with geopolitical whiz Ian Bremmer. Listen here: Apple / Spotify / everywhere else
  • Conversation starters...for when you want to pivot the conversation from COVID-19:

SATURDAY HEADLINES

In today’s edition of Saturday Headlines, we are highlighting companies that have made special products for coronavirus relief efforts. Three of the following are real stories, but one is made up. Can you spot the fake?
  1. “Dyson designs ventilator in 10 days, plans to make 15,000 of them to combat pandemic”
  2. “Apple designers mock up elbow bump emoji for social distancing awareness”
  3. “Fanatics to make medical gear instead of baseball uniforms”
  4. “The latest craft product from Brooklyn distilleries: artisanal hand sanitizer”

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SATURDAY HEADLINES ANSWER

Elbow bump emojis aren't a thing yet...but we love the idea.
March 28, 2020 Read in Browser
Columnists
The American Free Market Will Beat the Wuhan Virus

No, New York City Has Not Been Turned Into an Apocalyptic War Zone

Coronavirus Is Communist China's Chernobyl

Report From the Self-Quarantine Front

Railing Against the Fox Virus?

'Wonder-Drug' Against Coronavirus Developed by Cuba—Proclaims Newsweek/The Daily Beast

Prayers in Isolation

The Fake Outrage at Rep. Thomas Massie is Outrageous

Fight the Virus, Not Carbon

ADVERTISEMENT
Tips on How to Isolate Well

Dems Can’t Get Enough from the Pork Barrel

Healthcare Stimulus Lacks a Major Taxpayer Protection


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
Solomon And The Pandemic

China Concealed COVID-19, Just Like It Did SARS

Dave Says: Why You Should Basically Never Buy A New Car

Markets Soar After Unprecedented Stimulus Bill Finally Passes


Tipsheet
Trump Thanks Rachel Maddow for Highlighting Efforts of Army Crops of Engineers

Awesome: More Than 9,000 Retired Army Medical Personnel Return to Help Fight Wuhan Coronavirus

Gun Rights Groups Sue California Gov. and L.A. County Sheriff for Closing Down Firearm Stores

Trump Uses Defense Production Act to Instruct General Motors to Prioritize Ventilators

"He Did Promise America First": Hillary Twists American Tragedy into Cheap Shot at Trump

National Rifle Association Blasts L.A. County Sheriff's 'Reckless Decision' to Close Down Gun Shops

Chinese Communist Party Works to Scrub 'Wuhan Pneumonia' From State Media Reports

CBP Seizes Harmful Children's Clothing from China Containing Lead, Flammable Materials

Should Massie Be Expelled For His Stunt over Wuhan Coronavirus Relief Bill?

One of the Navy's Biggest Hospital Ships Just Arrived to Help Los Angeles Deal with the Wuhan Coronavirus

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Political Cartoons
Bearing Arms
Oregon Ballot Initiatives May Be COVID-19 Casualties | Tom Knighton

Lawsuits Filed Against NC, CA Sheriffs & CA Gov Over COVID-19 Gun Orders | Cam Edwards

ATF, NICS Struggle To Keep Up With Surge In Gun Sales | Cam Edwards

Delaware Governor Backs Off, Allows Gun Stores To Stay Open | Tom Knighton

Chicago Crime Plummets With Stay-At-Home Order In Effect | Cam Edwards
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