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Daily update ⋅ April 17, 2020NEWS If Trump's coronavirus finger-pointing works, he has some allies at Fox News to thank
On Fox News and Fox Business, two networks Trump watches with regularity, more of the discussion has focused on those subjects than on testing.Flag as irrelevant
WHO found no evidence coronavirus started in lab, China says
Fox News reported Wednesday that there is increasing confidence the COVID-19 outbreak likely started in a Wuhan laboratory. Sources said it may ...Flag as irrelevant Fox News Stars Cheer Protests Against Coronavirus Social-Distancing Orders
Fox News stars have begun openly cheering for the protests against stay-at-home orders that have popped up around the nation, explicitly urging ...Flag as irrelevant Ex-NYT reporter Berenson warns of 'big pivot' from officials to justify lockdown strategy
“Now we're in a bad spot because there's clearly a dangerous political dynamic right now,” Berenson told Fox News last week. “The economy is in ...Flag as irrelevant Trump argues US has 'passed the peak on new cases,' teases new guidelines for reopening ...
Sources also told Fox News that the so-called "wet markets" in Wuhan never sold bats, which is where COVID-19 first originated, and never had any ties ...Flag as irrelevant Dr. Oz, Fox's all-purpose coronavirus pundit, apologizes for pushing the 'trade-off' of reopening ...
Dr. Oz, Fox's all-purpose coronavirus pundit, apologizes for pushing the 'trade-off' of reopening schools. Dr.Flag as irrelevant
Coronavirus timeline shows politicians', media's changing rhetoric on risk of pandemic
A timeline compiled by Fox News of coronavirus statements from journalists, world bodies, politicians and their senior advisers from January to March ...Flag as irrelevant Fox News faces lawsuit accusing network of downplaying coronavirus
In the court filing, Fox News denies that its TV hosts, Sean Hannity and Trish Regan, ignored the severity of the pandemic, and said statements the show ...Flag as irrelevant Trump unveils coronavirus guidelines for rolling back social distancing in phases: 'Next front in our ...
Fox News' Chad Pergram, Corbett Riner, Brooke Singman and The Associated Press contributed to this report.Flag as irrelevant Taxpayers outraged after stimulus checks are deposited into tax preparers' accounts
FOX 5 reached out to the Internal Revenue Service. No response yet, but a Marketing Coordinator for ATC told FOX 5's Portia Bruner the problem rests ...Flag as irrelevant WEB Fox News - New Jersey Gov. Phil Murphy holds a press briefing.
Fox News was live. 1 hr ·. New Jersey Gov. Phil Murphy holds a press briefing. 866K Views. 2.6K Likes3.9K Comments627 Shares · Share. Related ...Flag as irrelevant Fox News - California Gov. Gavin Newsom provides the...
California Gov. Gavin Newsom provides the latest updates on the state's response to COVID-19.Flag as irrelevant T-Shirt company makes, donates masks to First Responders Children's Foundation
Trevor and Morgan George tells 'America's Newsroom' Maskclub.com makes licensed face masks and donates to First Responders Children's ...Flag as irrelevant Trump celebrates American truckers 4/16/2020
President Donald J. Trump delivers remarks celebrating America's truckers on the South Lawn of the White House.Flag as irrelevant Fox News - Dana Perino is live now with storytime!
Fox News was live. 47 mins ·. Dana Perino is live now with storytime! Join her every weekday at 3:30p ET right here on Facebook as she reads some ...Flag as irrelevant CRUZ on Fox News: China's Censorship Direct Threat to US National Security, Public Health
CRUZ on Fox News: China's Censorship Direct Threat to U.S. National Security, Public Health. April 16, 2020. Related From The Press Office.Flag as irrelevant April 17 FEATURED BIOGRAPHY Nikita Khrushchev READ MORE FEATURED EVENT 1982 Canada Act proclaimed READ MORE MORE EVENTS ON THIS DAY 2018: American first lady Barbara Bush—wife of George H.W. Bush, 41st president of the United States, and mother of George W. Bush, 43rd president of the United States—died at age 92. [Test your knowledge of the first ladies of the United States.] 2014: Colombian novelist Gabriel GarcÃa Márquez—winner of the Nobel Prize for Literature and widely considered one of the greatest writers of the 20th century—died in Mexico City. [Take our Nobel laureates in literature quiz.] 2003: Anneli Jäätteenmäki was sworn in as prime minister of Finland, which thereby became the second country (after New Zealand) to install a woman as head of both state and government. [ Discover some famous firsts for women.] 1975: Cambodia's ruling Lon Nol government collapsed, and the communist forces of the Khmer Rouge, led by Pol Pot, entered Phnom Penh and forcibly dispersed its citizenry into rural areas. 1970: The Apollo 13 command module—carrying James A. Lovell, Jr., Fred W. Haise, Jr., and John L. Swigert, Jr.—entered Earth 's atmosphere and splashed down, ending one of the most tense chapters in space history; four days earlier an oxygen tank had exploded, threatening the lives of the three astronauts. [Test your knowledge of astronauts and space exploration.] 1961: Cuban leader Fidel Castro's forces repelled the Bay of Pigs invasion , which was led by recent Cuban exiles and financed by the U.S. government during the Cold War. [Discover six interesting facts about Fidel Castro.] SEE ALL EVENTS ON THIS DAY ALSO BORN ON THIS DAY 1975 Victoria Beckham
English singer and designer1894 Nikita Khrushchev
premier of Soviet Union1837 J.P. Morgan
American financier1918 William Holden
American actor1957 Nick Hornby
British writer1885 Isak Dinesen
Danish authorSEE ALL BIOS ON THIS DAY TOGETHER WITHGood Friday morning and congratulations to Mary Kate Kellock and Zack Taylor, the winners of our second MacBook Pro giveaway. Thanks so much to everyone who shared the Brew this week. You didn't win the laptop, but you might have earned yourself some Brew swag. And that's, like, at least 10% as cool.What's less cool but very understandable is that a lot of us will be under lockdown for at least the next couple of weeks. Time to pull out all the stops: workout challenges with friends, weekly trivia nights, DIY projects, etc. Got any good ideas? Send 'em our way.MARKETS
NASDAQ8,532.36+ 1.66%S&P2,799.55+ 0.58%DJIA23,537.68+ 0.14%GOLD1,735.50- 0.27%10-YR0.624%- 1.40 bpsOIL19.59- 1.41%*As of market close- Global economy: China said its Q1 GDP fell 6.8%, the first time on record it's declined.
- Stimulus: The $350 billion in loans for small businesses through the Paycheck Protection Program has officially run dry. Lawmakers will be under heavy pressure to open up new funds.
- Housing: Housing starts, which is exactly what it sounds like, sank 22% in March from a month earlier. Another housing market indicator, the homebuilder confidence index, sank the most on record on Wednesday. Feel like that paints the picture adequately.
ECONOMY
MAGA, Meet OUAA
MANDEL NGAN/AFP via Getty ImagesYesterday, President Trump released Opening Up America Again, a framework to help states ease lockdown restrictions.- At a press conference last night, Trump said he would leave it to governors to determine when to swing the gates open. But he also said, “We must have a working economy, and we want to get it back very, very quickly.”
WH coronavirus response coordinator Deborah Birx unveiled a three-phase plan where “all vulnerable individuals” stay home and employees return to work gradually. To enter each phase, states have to meet "gating" thresholds that may be declining documented cases or a decreasing percentage of positive tests.- Phase 1: A limited group of businesses like restaurants and movie theaters are allowed to reopen while schools remain closed and vulnerable people stay home.
- Phase 2: Schools can reopen and non-essential travel can resume.
- Phase 3: Vulnerable people can resume public interactions while practicing social distancing.
Sounds good, right? Lots of Americans are eager to get back to the old normal. If you’re not, your name is Larry David.But there’s a major issue: testing
Public health officials, lawmakers, and business leaders are concerned the U.S. can’t test people at the scale necessary to responsibly send us back to work.- In the entirety of the crisis, the U.S. has conducted nearly 3.5 million tests. Experts say we need to test millions per week before we get back to working IRL in any significant capacity.
- If the U.S. eases restrictions too early, medical authorities say, it risks spurring a second wave of infections that overwhelms the healthcare system. In fact, a second wave of COVID-19 infections is hitting northern Japan right now.
Zoom out: Earlier this week, Trump said that he had “total authority” over when to reopen. Now he's deferring to governors, showing that the pandemic requires locally tailored responses.Thursdays used to mean breaking out sweats to prepare for casual Friday. Now, they mean coming face-to-face with this nightmare chart of jobless claims.Last week, 5.2 million U.S. workers filed for unemployment, bringing the four-week total to 22 million and wiping out nearly all the job gains from the 11-year bull market that followed the Great Recession.Now, layoffs are fanning out from early-affected industries. The April jobs report could log 1.5 million layoffs of nonessential healthcare workers and 3.4 million layoffs across business-services fields like consulting, law, and advertising, according to Oxford Economics.- “The virus shock does not discriminate across sectors as we initially thought,” Oxford's Gregory Daco told the WSJ.
State unemployment agencies trying to accommodate the surge are as overrun as a Chuck E. Cheese during a Duggar family birthday party.For the 17 million who filed before last week, an estimated half have yet to collect federal payments. And those additional $600 payments through the CARES Act are only available in 29 states so far.GAMBLING
DraftKings Takes the Over
Three letters you thought you'd never hear during a global pandemic: I-P-O. Sports betting giant DraftKings is set to go public via a reverse merger after nabbing regulatory approval this week to join forces with SBTech, a gaming tech company, and Diamond Eagle, a public acquisition vehicle. The deal values DraftKings at $3.3 billion.- The last hurdle: Diamond Eagle shareholders vote on it next Thursday.
You might be wondering, does DraftKings even have business right now? Kinda. COVID-19 has forced gambling companies to get creative and give customers opportunities to bet on everything from Eastern European ping pong matches to TV and politics.Looking ahead...in a “pinch us we’re dreaming” moment, the PGA Tour said yesterday golf will resume mid-June. The entire world might put down a wager on that first tournament back.SPONSORED BY RAGING BULL
Give Somebody a Stock Pick, They’ll Trade for a Day
Teach somebody fundamentally new approaches to the market? Well, they’ll make lucrative trades for a lifetime.Led by millionaire trader Jeff Bishop, Raging Bull doesn’t believe in telling you about “that one stock that’ll get you rich.” Quite the contrary: Their platform is a holistic teaching tool designed for you to learn new trading strategies that you’ll use forever.Jeff Bishop distilled his decades of experience into one free book: The Trader’s Blackbook. We’ve secured a limited number for our readers, and it’s free to instantly download a copy. (For the traditionalists out there, you can get your mitts on a physical copy if you pay shipping and handling.)Don’t pass up on The Trader’s Blackbook. It is—quite literally—a free wealth of trading knowledge.Francis ScialabbaLike a good pain au chocolat, yesterday’s news from French consumer behemoths LVMH and L’Oréal is bittersweet.The bitter: LVMH same-store sales fell 17% in Q1, while L’Oréal’s dropped almost 5%. The coronavirus pandemic closed luxury stores pretty much everywhere—LVMH said it will be “very affected” in Q2 and it will cut last year’s dividend by 30%.The sweet: L’Oréal said its China sales had turned positive in March as the country reopened, and it’s penciling in 5%–10% gains in April. LVMH said it’s hopeful for a relaxation of lockdowns in May or June and will reopen some manufacturing plants accordingly.Bottom line: The French may be all about égalité, but not all consumer conglomerates are created equal. L’Oréal has an advantage because it sells personal care products like shampoo that remain available and in-demand in essential stores.AVIATION
No One Is Going Anywhere
Neal Freyman/TSAIf the Wright Brothers time-traveled to April 2020 they'd look up and say, "What have you guys been doing for the last 117 years?"The number of travelers that passed through TSA checkpoints...- April 15, 2020: 90,784
- A year ago on the same weekday: 2,317,381
That's why United Airlines said yesterday travel demand was “essentially zero” and going nowhere fast.+ Weekend reading: "Now Arriving at La Guardia Airport: One Passenger"QUIZ
Quizzentials
Since this quiz is now going to 2 million inboxes...should we make it harder? Let us know when we hit the Goldilocks zone of quiz-making. It’s the Brew’s Weekly News Quiz.1. Israel’s National Security Council has reportedly finalized a plan to slowly lift stay-at-home restrictions by opening sectors of the economy in a specified order. Can you put these sectors in order from first to reopen to last?- Commerce and retail
- Sports, air travel, and entertainment
- Tech and finance
- Restaurants and hotels
2. True or false: The new iPhone SE costs less than $500.3. Which of the following brands is not seeing a renaissance during the time of COVID-19:- Ravensburger
- Pet Rock
- Houseparty
- Kraft Heinz
4. Fill in the blank: Gilead Sciences' drug, _________, is one of the leaders in the race to treat COVID-19. No excuses, we told you to remember this word at the beginning of the week.5. Thanks to lucrative offshore oil fields, one small country’s economy is forecasted to grow 53% in 2020. That’s easily the most of any country and the only economy in the Americas expected to grow at all this year. Which country is it?Take the Quiz
Or, you can keep scrolling for the answers.WHAT ELSE IS BREWING
- New York and other East Coast states extended closures of nonessential businesses until May 15.
- The U.K.’s lockdown will also last at least three more weeks.
- Mark Zuckerberg said Facebook employees can WFH through the summer and the company won’t hold large physical events until July 2021.
- GM and Ford signed a new $336 million contract to produce 50,000 ventilators for the U.S. government.
- Morgan Stanley capped big bank earnings this week with a 30% drop in profit for Q1.
- Instacart and Costco are partnering for prescription drug delivery.
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Here’s a recipe round-up from The Essentials. If
you haven’t heard, that’s our brand new newsletter helping you stay
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steroids. Sign up here. Okay, enough of that, now the recipes...
- Alex’s dirty horchata
- Jamie’s whipped coffee
- Toby’s perfect chocolate chip cookie
*This is sponsored advertising contentFRIDAY PUZZLE
Each sentence below contains a word that can be anagrammed to answer or describe the sentence.
Example: Craft that might tip in the ocean. Answer: Canoe (anagram of ocean)
1. You cover a mattress with one of these
2. Dangerous thing for an alcoholic to begin
3. Feature on which a tire might be rated
4. Feeling about a poisonous adder
5. Weapon that a cavalryman bears
6. It doesn't necessarily bring rain, but it couldSHARE THE BREW
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ANSWERS
Friday Puzzle1. Sheet
2. Binge
3. Tread
4. Dread
5. Sabre or Saber
6. CloudWeekly News Quiz: 1. Tech and finance; commerce and retail; restaurants and hotels; then sports, air travel, and entertainment 2. True; it costs $399 3. Pet Rock 4. Remdesivir 5. GuyanaApril 17, 2020 Read in Browser
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