|
TOGETHER WITH
|
|
|
Good morning and welcome back (?) to the week.
When we
launched the Daily Quarantine Planner to help readers fill their
suddenly empty calendars, we didn’t know what to expect. Well, that
section turned out to be a huge hit...and now we’re upgrading.
Today, that planner is now The Essentials,
a free evening newsletter to help you stay active, healthy, and happy
while riding out the pandemic at home. The newsletter comes out every
Monday, Wednesday, and Friday, which means the first edition is hitting
inboxes in just a few hours.
|
|
|
NASDAQ
|
7,373.08
|
- 17.83%
|
|
|
|
S&P
|
2,488.65
|
- 22.97%
|
|
|
|
DJIA
|
21,052.53
|
- 26.23%
|
|
|
GOLD
|
1,648.80
|
+ 8.47%
|
|
|
|
10-YR
|
0.596%
|
- 132.40 bps
|
|
|
|
OIL
|
29.00
|
- 52.62%
|
|
|
*As of market close
|
-
Energy: Oil prices dropped Sunday as OPEC and Russia delayed
their (virtual) meeting over supply cuts until April 9. The world is
watching their every move to confront the recent collapse in prices.
-
Economy: “As the true economic
impact of the coronavirus pandemic becomes clear, economists seeing
unprecedented data releases on an almost daily basis are gearing up for
even worse to come”—Bloomberg perfectly sums it up.
|
|
Quibi
|
Today's a
big one. We put on pants for the first time in 24 days and Quibi finally
launched. Led by former chair of The Walt Disney Studios Jeffrey
Katzenberg and former HPE CEO Meg Whitman, Quibi is not only a grand
experiment in mobile-first streaming, but the first major launch of the
coronavirus pandemic.
The details
Quibi serves
up "quick bites" of video from news to docuseries to feature films. Its
signature "Turnstyle" tech lets you rotate the orientation of your
phone without interrupting the video.
The bull case: Quibi
raised $1.8 billion before even launching. It's a completely new
streaming product catering to Gen Z and millennials and already has 50
shows ready featuring names like Steven Spielberg, Reese Witherspoon,
and JLo.
- Coronavirus has shut down most entertainment production, but Quibi's elbow-bumping itself for stockpiling content last fall over fears of a writers' strike. Whitman told Morning Brew’s Business Casual podcast they've got enough programming to last through mid-September.
The bear case: Consumer
awareness is pretty low and Quibi doesn't have a Jim Halpert fans will
follow anywhere. Also...YouTube and TikTok are free.
The COVID-19 case
Whitman and Katzenberg wanted Quibi to fill
those 10-minute breaks that pop up throughout your day, like waiting
for a subway to arrive or for your CVS receipt to finish printing. Even
with quarantines in place, Whitman thinks people will need small pockets
of time to decompress.
One big thing going for Quibi: Consumers are spending a lot more time streaming, per Emerging Tech Brew's COVID-19 Traffic Report.
|
Francis Scialabba
And revenue? Quibi
sold out its first year's ad inventory ($150 million) last fall, though
the ad industry looks like a playground spring rider right now.
- Quibi also has monthly
subscription fees ($5/month with ads; $8 without). But Whitman said if
you sign up by the end of April, you'll get 90 days free due to the
pandemic.
+ Now, hear from Whitman herself: She's the guest on today's special episode of Business Casual. Listen here: Apple / Spotify / everywhere else
|
|
|---|
The U.S.: President
Trump warned of a couple of very difficult weeks ahead, with the worst
of the crisis expected to peak in hotspots like New York in a few days.
"This is the moment to do everything you can" to remain isolated, said WH coronavirus task force coordinator Deborah Birx.
Germany: Experts are studying why the country, which has nearly 100,000 COVID-19 cases, has such a low death rate compared to its peers. On Sunday, Germany reported its third-straight daily drop in new cases.
Italy: Officials are hoping the worst is over after the number of coronavirus patients in intensive care dropped for the first time on Saturday. Italy started halting nonessential economic activity in early March.
Australia: The government also believes it's turned a corner, but said social distancing measures will be the norm for months.
And everywhere...countries are stockpiling staple foods
to make sure they can feed their populations, the FT reports. Morocco
and the Philippines have bolstered their grain reserves, while Turkish
traders are paying top price to import wheat.
|
|
On Saturday, President Trump held a conference call with commissioners and execs from 13 U.S. sports leagues, from men's and women's basketball to Nascar and the Breeders' Cup.
The question on everyone's mind: When will sports be back?
"I can't
tell you a date," Trump said after the call, though he said he thinks it
will be "sooner rather than later." The same day, CA Governor Gavin
Newsom said he doesn't expect the 2020 NFL season to start on schedule in his state.
Sports
returning is not only a symbolic part of resuming our "normal lives,"
but also a question of restarting the economy. Consider the millions of
jobs that are connected to sports: TV advertising, box office staff,
parking garage attendants, security personnel, and many more.
Elsewhere in the sports world…
- Kobe Bryant and Tim Duncan were among nine players elected to the Basketball Hall of Fame.
-
What a beautiful sight: South Korea's LG Twins are regularly livestreaming intra-squad scrimmages at an empty baseball stadium for fans.
|
|
Chung Sung-Jun/Getty Images
|
|
|---|
|
Whether
you’re tuning in to someone’s Instagram Live fitness class or finding a
yoga tutorial on YouTube, keeping the body healthy and active right now
is on everybody’s mind.
With WHOOP,
we now have the power to program our workouts based on how recovered
our bodies are and how much stress we can truly handle. The WHOOP Strain
Coach and weekly performance reports tell us when to push and when it’s
ok to hide under the covers and binge a new series.
Never before
has a fitness tracker provided such valuable data about our lives—we’ve
been geeking out so hard over here our bifocals are fogging up.
WHOOP
gives you 24/7 personalized recovery, performance, and sleep metrics,
plus tons of cool data points way smarter than step counting.
Never second guess the status of your body’s well-being with WHOOP.
|
|
|
Francis Scialabba
Health authorities are breaking out the Yellow Pages to fight COVID-19. Last Friday, Massachusetts Gov. Charlie Baker detailed a “powerful tool” to stop the coronavirus’s spread: contact tracing.
How it works: When
a patient tests positive, you make a list of everyone they came in
close contact with. Then, you find those people and make sure they
self-isolate before infecting others.
That sounds straightforward, but contact tracing a new patient typically takes three days,
according to Stat, which is “an insurmountable hurdle in the U.S., with
its low numbers of public health workers and tens of thousands of new
cases every day.”
It's worked elsewhere
South Korea used high-tech contact tracing to tame its outbreak. The government compiled GPS data, credit card swipes, and other info into a public log showing where COVID-19 patients had traveled.
- Some countries
(including the U.S.) are trying other methods, including looking at
smartphone location data and developing Bluetooth systems that provide
warnings if you’ve crossed paths with an infected person.
The hangup: Despite
its widespread use in places like Singapore, contact tracing has raised
concerns about privacy and governments following citizens’ whereabouts.
Still, it's a term you'll be hearing a lot more of in the coming
weeks.
|
|
|---|
|
Giphy
|
The reality of virtual holidays is starting to set in.
Monday: Arvind Krishna will become IBM CEO; would have been the men's NCAA National Championship game
Tuesday: Job openings and labor turnover survey; World Health Day
Wednesday: Fed meeting minutes; Passover begins in the evening
Thursday: Weekly jobless claims (last week was 6.6M); consumer sentiment
Friday: Stock market closed for Good Friday; CPI inflation data; National Siblings Day
|
|
|---|
Introducing The Essentials, the Brew’s guide to staying active, healthy, and happy while you’re riding out the pandemic at home.
In this newsletter, we’ll bring you...
- Ways to stay sharp
- Recommendations for TV/movies/board games/etc.
- The most creative quarantine ideas floating around the internet
The details: You’ll
get The Essentials on Monday, Wednesday, and Friday evenings, perfectly
timed for your commute home from the living room to the kitchen. The
first edition, hitting inboxes worldwide in a few hours, is  .
|
|
-
United is significantly reducing its flights at NYC-area airports.
-
Gilead Sciences will donate at least 140,000 treatment courses of remdesivir, its potential coronavirus drug.
-
U.K. Prime Minister Boris Johnson was brought to a hospital yesterday for testing. 10 days prior, he had tested positive for COVID-19.
-
Zoom CEO to the WSJ: “I really messed up” over security issues.
-
Boeing indefinitely suspended production at its Washington state plant, a move that'll affect 30,000 workers.
|
|
-
Video conferences, delivery services, online workout classes—we all have some new accounts while WFH, and each one has a password to remember. Dashlane
automatically saves, protects, and inputs your passwords, addresses,
and credit card info—everywhere. Try it free on your first device here, and take 25% off Premium with the code “themorningbrew.”*
-
What do the best investors do that normal investors sometimes don’t? They
diversify with alternatives—like art. Take the legendary Yale
Endowment: They only put 9.5% in stocks and 30% into illiquids. Wall
Street can stress about the markets—you’re achieving maximum zen
investing in real, tangible assets with 8%–30% returns. Visit
Masterworks and skip their 25,000 person waitlist with this special Morning Brew link.*
-
Play the Auction Game. You won't regret it.
*This is sponsored advertising content
|
|
|
In the past
few weeks, we have begun to learn which workers are truly essential. In
this new section, we’ll acknowledge them like the heroes they are.
Today, we salute the cleaning staff in hospitals all over the world. Thank you!
|
|
Neal Freyman
|
Across3. What you might be doing in Asics
7. One of the "Big Three" consultancies
8. N95, for one
9. Royal from Skull Island
10. Three-bagger
Down
1. Where you can find the Palm Jumeirah
2. "Sn" in the periodic table
4. Rapper born as Nasir bin Olu Dara Jones
5. Tokyo stock market index
6. Alphabet subsidiary
|
|
|
You only need 5 more referrals to receive Morning Brew stickers.
In
the wise words of a certain Jedi master: “Sticker or no sticker, there
is no point in having a laptop if it doesn’t have a Brew sticker on it.”
Or something like that.
Hit the button below to learn more and access your rewards hub.
Click to Share
|
|
Across3. What you might be doing in Asics = running
7. One of the "Big Three" consultancies = Bain
8. N95, for one = mask
9. Royal from Skull Island = Kong
10. Three-bagger = triple
Down
1. Where you can find the Palm Jumeirah = Dubai
2. "Sn" in the periodic table = tin
4. Rapper born as Nasir bin Olu Dara Jones = Nas
5. Tokyo stock market index = Nikkei
6. Alphabet subsidiary = Google
|
|
|
|
|
April 06
|
|
| FEATURED BIOGRAPHY
|
|
| Raphael
|
|
|
|
|
|
|
| FEATURED EVENT
|
| 1896
|
| Olympics revived
|
|
|
|
|
|
|
|
|
|
|
| MORE EVENTS ON THIS DAY
|
|
|
2014: American diminutive actor Mickey Rooney—who
was noted for his high energy, charisma, and versatility, which were on
display in such notable roles as the wisecracking teenager in the Andy
Hardy films—died at the age of 93.
|
|
|
|
|
2009: An earthquake struck near
L'Aquila, Italy, causing extensive damage and killing more than 300 people.
|
|
|
|
|
2009: American basketball player Michael Jordan
, widely considered the game's greatest all-around player, was elected to the Naismith Memorial Basketball Hall of Fame.
|
|
|
|
|
1992: Russian-born American author and biochemist Isaac Asimov, a highly successful and prolific writer of science fiction and of science books for the layperson, died in New York.
|
|
|
|
|
|
|
|
|
|
| ALSO BORN ON THIS DAY
|
|
|
Raphael
Italian
painter and architect
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
If you’re like most Americans, your retirement account is in serious danger.
There is a simple and legal IRS loophole that can protect your IRA/401(k) without spending a penny.
All you have to do is request this FREE GUIDE that explains how this IRS Loophole can save your IRA/401(k).
Your IRA/401(k) has never been in more danger than it is today. We urge you to take the steps to learn more about protecting your retirement accounts with this FREE GUIDE.
Every single day the United States creeps further into debt and it’s taking your IRA/401(k) along with it.
At the time of this writing the national debt is:
|
|
|
Yes, you read that right. The U.S. national debt is over $22 TRILLION.
It’s so bad that if every U.S. citizen were to try to help and pay that off, every single one of us would owe $64,560. That includes our children.
On
top of that add an economy so artificially inflated it’s in danger of
collapsing under its own weight, record-setting volatility in overseas
markets, a growing number of terrorist threats, and perhaps the biggest
menace of all, China trying to take our spot as the world's leading
currency.
This
all adds up to a situation far worse than 2000 & 2008 combined. The
retirement accounts of regular working class Americans like you and me
are in serious trouble. Millions of Americans lost more than 50% of
their retirement account almost overnight in 2008. How much did you
lose?
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ADVERTISEMENT |
|
|
|
|
|
|
|
|
No comments:
Post a Comment