'TODAY'S MORNING NEWS WITH BREW

 

MAY GOD BLESS EVERYONE. AND GOD BLESS OUR PRESIDENT DONALD J TRUMP..........2020 GOD BLESS AMERICA THE HOME OF THE BRAVE AND THE LAND OF THE FREE. REELECT DONALD J TRUMP 2020 OUR NATION IS ON TRACK.

Wednesday, August 19, 2020

'TODAY'S MORNING NEWS WITH BREW

 

World

Mali11 hours ago

Mali's president resigns after being detained by mutinous troops

The Mali president resigned Tuesday night after being detained with the prime minister in an apparent coup by mutinied soldiers who surrounded the presidential residence and fired shots into the air.

World Politics13 hours ago

Amid Belarus protests, Lithuania eyes American support: 'The US was always a voice of democracy and freedom'

Few countries are watching Belarus closer than neighboring Lithuania and their foreign minister Linus Linkevicius

Getty

Italy12 hours ago

Italy, EU pledge support for Tunisia to help slow migration

As growing numbers of migrants cross from Tunisia to Europe, Italy is sending $13 million to the African nation’s government to stem the migration and help the country’s young democracy as it copes with an economic decline worsened by the virus pandemic, according to a report.

Middle East

OPINION1 hour ago

Ben Shapiro: The first important breakthrough in the Middle East in three decades just took place

OPINION1 day ago

Tom Del Beccaro: Trump, Biden and the Middle East – Why 2020 election matters more than ever

4:32

VIDEO2 days ago

Pompeo calls out United Nations Security Council members for not extending Iran arms embargo

Iran3 days ago

Iran condemns UAE deal with Israel, saying it’s a ‘huge mistake’

Europe

Germany40 mins ago

Iraqi man detained after targeting motorcyclists on Berlin highway in possible terror attack, police say

Food-Drink3 hours ago

'Chocolate snow' dusts Swiss town after factory malfunction

Italy12 hours ago

Italy, EU pledge support for Tunisia to help slow migration

World Politics13 hours ago

Amid Belarus protests, Lithuania eyes American support: 'The US was always a voice of democracy and freedom'

Latin America

Joe Biden13 hours ago

Biden tells Lin-Manuel Miranda Latinos 'keeping us going' during pandemic

Venezuelan Political CrisisAugust 9

American ex-Green Berets jailed over failed Venezuela attack

BrazilAugust 9

Brazil surpasses 100,000 coronavirus deaths, shows no sign of curbing outbreak

ChinaAugust 8

Chinese fleet fishing near Galapagos protected waters, allegedly falsifying GPS location

Germany40 mins ago

Iraqi man detained after targeting motorcyclists on Berlin highway in possible terror attack, police say

Food-Drink3 hours ago

'Chocolate snow' dusts Swiss town after factory malfunction

Mali11 hours ago

Mali's president resigns after being detained by mutinous troops

Italy12 hours ago

Italy, EU pledge support for Tunisia to help slow migration

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World Politics13 hours ago

Amid Belarus protests, Lithuania eyes American support: 'The US was always a voice of democracy and freedom'

Show More

Asia

Sen. Ted Cruz: China sanctions me again – Communist Party is terrified and lashing out

OPINION3 days ago

Mount Everest reopens to tourists despite COVID-19 spike

World4 days ago

North Korea nuclear complex may have been damaged by recent flooding, US think tank says

North Korea5 days ago

Tornado in China rips through tourist site, injures dozens

Tornado5 days ago

China's deadly summer floods have caused $25B in damage

Floods6 days ago

Africa

Somalia bill expanding child, forced marriages met with outcry

Africa6 days ago

Mauritius oil disaster: Race to drain stricken ship before it splits in half

EnvironmentalAugust 10

Six French tourists, two others, killed in ambush at African giraffe reserve

AfricaAugust 9

Denver fire that killed 5 from Senegal prompts cash reward

DenverAugust 8

At least 8 soldiers dead in blast outside Somali army base

WorldAugust 8

Australia/Pacific

Australian woman bashed cop's head into 'concrete' for asking about mask: report

AustraliaAugust 4

Missing sailors rescued from Pacific island after SOS signal spotted in the sand

AustraliaAugust 4

Australia-bound plane was so packed with cocaine it crashed after takeoff: police

AustraliaAugust 2

Australian homes teetering on cliff as waves lash coastline

AustraliaJuly 17

Shark 'grabbed' 10-year-old boy from boat in Tasmania: report

SharksJuly 17

World5 days ago

The week in pictures, Aug. 8-Aug. 14

Here's a selection of the most amazing images captured around the world in the past seven days. Enjoy!

4:32

VIDEO2 days ago

Pompeo calls out United Nations Security Council members for not extending Iran arms embargo

4:29

VIDEO3 days ago

Former Naval intelligence officer on Israel-UAE peace deal

7:13

VIDEO3 days ago

Eric Shawn: The historic breakthrough for Israel

2:20

VIDEO3 days ago

US officials call for probe into Beirut blasts

1:43

VIDEO3 days ago

UK holds socially-distanced concert

3:52

VIDEO3 days ago

Exclusive behind the scenes details of Trump’s historic Israel-UAE peace deal

2:10

VIDEO4 days ago

United Nations refuses to take up Iran arms embargo

9:36

VIDEO4 days ago

Jared Kushner on Middle East peace deal: Trump built back trust with Israel, UAE, other regional allies

World Clips

5:60

VIDEO5 days ago

Israel-UAE peace deal may cripple Iran's influence over region

4:13

VIDEO5 days ago

US brokers agreement with Israel and United Arab Emirates

1:55

VIDEO5 days ago

Lebanese lawmakers declare state of emergency amid protests over deadly explosion

0:49

VIDEO5 days ago

3 killed in Scotland train derailment

0:40

VIDEO5 days ago

Wild boar gives German beachgoers a shock

0:46

VIDEO6 days ago

Powerful tornado reportedly touches down at tourist site in China

1:51

VIDEO6 days ago

China fires back at US by imposing sanctions on 11 Americans citizens

Trending in World

• 

  Iraqi man detained after targeting motorcyclists on Berlin highway in possible terror attack, police say

• 

  'Chocolate snow' dusts Swiss town after factory malfunction

• 

  Italy, EU pledge support for Tunisia to help slow migration

• 

  Amid Belarus protests, Lithuania eyes American support: 'The US was always a voice of democracy and freedom'

   

  

  Good morning. Tired of being the only one in your friend group who knows the Fed ≠ the FBI?  Easy fix: Share the Brew far and wide. It'll lead to smarter conversations, and—here's the kicker—you'll get rewards from us every time you hit referral milestones.  Get started here.

  MARKETS NASDAQ 11,210.84 + 0.73% S&P 3,389.79 + 0.23% DJIA 27,777.59 - 0.24% GOLD 2,013.90 + 0.76% 10-YR 0.669% - 2.20 bps OIL 42.59 - 0.70% *As of market close Markets: It was worth the wait. The S&P finally closed at an all-time high, erasing all of its losses from the pandemic. The index is up more than 54% since hitting a low on March 23. Economy: Feels like the word "homebuilder" has been in every edition of the Brew for the past month, and for good reason—construction of new U.S. homes boomed 22.6% last month. One analyst compared the gains to post-hurricane building activity.

  2020 Too Big to Mail

  Francis Scialabba Yesterday, Postmaster General Louis DeJoy said he's pausing controversial changes to the U.S. Postal Service until after Election Day "to avoid even the appearance of any impact on election mail."  What that means: USPS retail hours will stay the same; mailboxes and mail sorters will stay put; processing facilities will remain open; and overtime will be approved as needed.  About those changes DeJoy took over USPS in June and enacted some budget-balancing measures to right the ship at the struggling agency. Those measures included... Eliminating overtime pay  Leaving mail at distribution centers until the next day if couriers are running late  An effort to encourage early retirements for non-union workers  Reassigning or displacing 23 execs, a move that centralized power around DeJoy and sidelined decades of institutional knowledge, per the WaPo. Yesterday, DeJoy specified that initiatives on pause "predate [his] arrival." He did not say whether recently removed or decommissioned mailboxes and sorters will be returned.  Zoom out: USPS changes have big implications for the many businesses that rely on its services. DeJoy might find himself on Santa's naughty list after securing approval last week to hike commercial package rates during the busy holiday season (so are FedEx and UPS). The other concern is democracy DeJoy said USPS will get "standby resources" ready for unexpected demand this fall, and reiterated yesterday that USPS is "ready today to handle whatever volume of election mail it receives."  But USPS didn’t exactly inspire confidence after warning states it can't guarantee mail-in ballots will be delivered on time. At least 14 state attorneys general have sued, saying DeJoy stepped outside his authority and should have gotten approval from the Postal Regulatory Commission. Some Democrats are also asking for a probe into his holdings in USPS competitors and contractors. Looking ahead…Congress is in for a bundle of DeJoy in the coming days when the USPS chief chats finances with House and Senate committees. Expect USPS to get more mentions throughout this week's Democratic convention.

  RETAIL Curbside Your Enthusiasm

  Francis Scialabba Walmart rode the "well, there's nothing else to do...might as well shop" ethos of the pandemic to another magnificent quarter, according to its Q2 results yesterday. The star of the show was—no surprise here—online U.S. sales, which nearly doubled (97% growth) over last year. U.S. same-store sales increased 9.3%, just a tick below Q1 but still much higher than any other quarter in the past few years.  Big picture: As the superstore among superstores, Walmart's earnings give us insight into pandemic shopping trends. A few highlights: Electronics, like TVs and computers, were crazy popular, according to CEO Doug McMillon, as was more general merchandise. Fewer trips, more stuff per trip. Shoppers decreased the frequency of errands because leaving the house is less fun these days. Government aid was an important factor encouraging Americans to spend. Walmart said sales started to weaken after federal stimulus dried up in July.  Bottom line: Walmart has not only survived the pandemic, it's thriving. Just let us know when the inflatable pools are back on the shelves.

  ENERGY California Steaming

  Getty Images California energy leaders, regulators, and operators are all sniping at each other like Christine and Chrishell to place blame for what could be the largest power outage in the state’s history.  The backstory: A monster heatwave is hammering California and the western U.S.—temperatures in Death Valley (130°F) came within striking distance of the highest ever recorded on Earth. On Friday and Saturday, some residents lost power with no warning, and the state energy operator said rolling blackouts are coming this week.  The blame game: Gov. Newsom launched an investigation into the surprise outages on Monday. The Public Utilities Commission (PUC) blames the operator, which blames a) the PUC for not requiring utilities to hold enough energy reserves and b) the extreme heat itself, which strained both California’s and nearby states’ grids, preventing California from buying from neighbors.  Some trade groups blame the state’s embrace of renewable energy. Friday’s outage happened right at sundown, when the system transitioned from solar to gas-powered energy.

  SPONSORED BY AUGUSTINUS BADER A Little Something Called ‘Science’ Some skincare products rely on magic and miracles for results.  Augustinus Bader? They prefer a little something called “science.” For 30 years, Professor Bader—an expert in applied stem cell biology and doctor of regenerative medicine—has put in that scientific work. A few groundbreaking discoveries later, and his namesake company is creating the most advanced skincare products to ever grace the faces of human beings. Take their new launch, The Face Oil. It nourishes, smooths, and revitalizes your complexion while visibly reducing signs of aging, strengthening your skin barrier, and maintaining a healthy skin microbiome.  The Face Oil pairs a potent, concentrated formula with a fast-absorbing, lightweight delivery system, without leaving a greasy residue or feeling heavy on the face—previously considered impossible. Well, skincare industry, Augustinus Bader scoffs at “impossible.” Try the newest Skincare Science from Augustinus Bader here.

  INTERNATIONAL COVID-19 Around the World U.S.: Tennessee became the tenth state to enact liability protections against coronavirus lawsuits for businesses, schools, and nursing homes. Tennessee doesn't have a statewide mask mandate.  South Korea: After rigorous contact tracing and testing got its outbreak under control, South Korea is teetering on a second wave. Nearly 500 cases have been linked to a single church in Seoul, and if infection rates don't flatten, the government is expected to retighten restrictions.  South Africa: Following five months of super strict lockdowns, South Africa relaxed alcohol and cigarette sale restrictions yesterday. Thanks to COVID-19 lockdowns, South Africa has recorded just one flu case as the season comes to a close.   France: The Champagne Committee, France's sparkling wine authority, is capping the 2020 grape harvest 21% below last year's haul. The industry has lost $2 billion in sales because of the pandemic, and vintners are trying to limit supplies to keep prices up.  Meanwhile, in China...it's time to party? Last weekend, thousands attended a water park musical festival in Wuhan (the virus’s origin city), which hasn't reported a local infection for three months.

  STR/AFP via Getty Images

  BANKING Citi Does an Oopsi

  Giphy If you’re embarrassed about dropping the ball at work...find comfort in not being the employees at Citi who accidentally sent about $900 million to a group of Revlon lenders last week.  Wait, what? Citi was serving as the “administrative agent” between Revlon, the embattled cosmetics company, and its (very angry) creditors. But Citi mistakenly paid those lenders much, much more than it meant to...like, 100x the amount it intended.  Reports say Citi is explaining to federal regulators how it made such a colossal gaffe, and on Monday the bank sued Brigade Capital Management, a hedge fund that won’t give some of the money back.  According to court documents, Brigade is arguing the $176 million it received from Citi was intended to pay off Revlon’s entire balance. Citi says of course not—it was just an interest payment that was supposed to total $1.5 million. It called Brigade's actions "unconscionable."  Zoom out: The Economic Times calls it "one of the biggest screw-ups on Wall Street in ages."

  WHAT ELSE IS BREWING Amazon is expanding its physical office footprint in six U.S. cities, including New York City. Apparently Bezos hates Zoom meetings. The pandemic is making the gender pay gap worse, a new study finds. Uber and Lyft are reportedly considering a franchise model in California as they face legal pressure to classify their drivers as employees. Notre Dame suspended in-person classes for at least two weeks after an off-campus party caused a surge in COVID-19 cases. Netflix canceled Hasan Minhaj's talk show, Patriot Act, after six seasons. Dream job alert: Bud Light Seltzer is hiring a Chief Meme Officer.

  SPONSORED BY AUGUSTINUS BADER Genius scientist defies odds to revitalize your pores. That’s the quickest way to sum up Professor Augustinus Bader's newest skincare marvel, The Face Oil. Fast-absorbing and deeply restorative, The Face Oil visibly improves the appearance of your skin, leaving behind no greasy residue—just a smooth, scientific glow. Experience The Face Oil from Augustinus Bader.

  BREW'S BETS Podcast recs: Our very own Business Casual podcast is fantastic, but we know it's not the only entertaining biz show out there. So with help from the Business Casual team, we put together a list of the top 10 business podcasts. You'll never guess who's No. 1. Level up: Seven months in, what we know and don’t know about COVID-19 (a great resource), plus the lessons learned from pandemics past. Scenes from the NBA bubble: Jimmy Butler’s got a coffee side hustle and Kawhi Leonard is all of us when we don’t want to talk to anyone.

  FROM THE CREW Calling all college students: We want to hear from you. Since COVID-19 upended higher education, we’re curious how our college student readers are spending this fall, whether it's attending in-person classes, deferring for a year and hitchhiking across Siberia, or camping out in your childhood bedroom for Zoom U.  Let us know here.

  MAP QUEST What do the yellow dots on this Bloomberg map represent?

  Bloomberg

  Photo Emerges of Bill Clinton Receiving Massage From Alleged Epstein Victim Black Lives Matter DC Calls Mayor Bowser ‘Hypocrite’ After DNC Speech Will The Dam Break After Clinesmith’s Plea? How Obama’s infamous ‘lie of the year’ came to light

  MAP QUEST ANSWER

  The location of super yachts right n

  Columnists Ever Get the Feeling They Want You Dead? Kurt Schlichter Twitter Kicked Me Off for Saying This But I'm Going to Double Down Marina Medvin The Remaking of the Middle East Ben Shapiro Back to Academic Brainwashing Walter E. Williams Big Spending Biden John Stossel Michelle Obama Has a Raging Case of Trump Derangement Syndrome Todd Starnes 'Everything Is Racist' Now Includes the Outdoors, Except the Accusers Are Exposing Their Own Racism Brad Slager The Left-Wing War on America's Suburbs Star Parker Free to Suffocate Frank Connor ADVERTISEMENT Election 2020, In God we Trust Joe Connor Trump's Campaign for Fairness in College Admissions Betsy McCaughey Kasich's Conscience Prefers a President Who'll Put Boys in Girls' Locker Rooms Terry Jeffrey Joe Biden Does Not Understand the Second Amendment Jacob Sullum Cancel Culture Goes Intergalactic, Planetary Chris Talgo America’s Soul Is Dying Before Our Very Eyes Bob Barr Karl Marx and Black Lives Matter Robert Knight President Trump Is Fighting Hard Against Sex Trafficking, and the Mainstream Media Hates It Ilonka Deaton Democrats' 'Facts' About Postal Service Must be Lost in the Mail Marc Lotter 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 Debunking The Postal Panic Why The Founding Fathers Despised Democracy Buffet Goes On Selling Spree The Essence of Government, as Captured by Cartoons Why Obamagate Is Worse Than Watergate How To Apply Reciprocity To Race-Based Accusations August 19 FEATURED BIOGRAPHY Bill Clinton READ MORE   FEATURED EVENT 1991 Attempted coup against Gorbachev READ MORE   Advertisement Advertisement   MORE EVENTS ON THIS DAY 2004: The search engine company Google Inc. raised $1.66 billion in its initial public offering; in an unusual move, the shares were sold in a public auction intended to put the average investor on an equal footing with financial industry professionals. [Test your knowledge of tech companies.] 1994: American theoretical physical chemist Linus Pauling—the only person to have won two unshared Nobel Prizes (Chemistry, 1954; Peace, 1962)—died at age 93. [Take our Nobel Prize quiz.] 1960: American pilot Francis Gary Powers was sentenced to 10 years' confinement by the Soviet Union for espionage following the U-2 Affair , but he was later released (1962) in exchange for the Soviet spy Rudolf Abel. [Read about 10 famous names in the espionage game.] 1945: A commando force formed by Vo Nguyen Giap, under Vietnamese nationalist leader Ho Chi Minh, entered the Vietnamese capital of Hanoi . 1936: Soviet officials began the Great Purge of prominent Old Bolsheviks—real or potential political rivals and critics of Joseph Stalin—as the first show trial opened, resulting in the execution of Lev Kamenev and others. [Test your knowledge of Russian history.] 1934: Some 90 percent of German voters approved a referendum that made Adolf Hitler “Führer und Reichskanzler” (“leader and chancellor”). [Nine things you may not know about Adolf Hitler.] SEE ALL EVENTS ON THIS DAY ALSO BORN ON THIS DAY 1946 Bill Clinton president of United States 1883 Coco Chanel French designer 1921 Gene Roddenberry American writer and producer 1942 Fred Thompson American politician and actor 1973 Crown Princess Mette-Marit Norwegian princess 1906 Philo Farnsworth American inventor NYPD Creates Asian Hate Crime Task Force After COV Wed, 19 Aug 2020 11:57:25 +0000 PatriotsNews Read More Trending Now Tom Homan says Dems 'want chaos' because they think it helps them beat Trump Read More 60 Percent of Police Drones Are Chinese Made Read More Two American drones reportedly COLLIDE & go down over Syria’s Idlib (video) – Veterans Today Read More You Might Like SEE ALL BIOS ON THIS DAY

  Tipsheet Jill Biden's DNC Speech Is Drastically Different Than Michelle Obama's Beth Baumann AOC Endorses Bernie Sanders at DNC, Fires Off Bonkers Socialism Wish List Ellie Bufkin Stacey Abrams Calls Biden a 'Champion For Free and Fair Elections' After Refusing to Concede Gov. Race Reagan McCarthy Sally Yates Bashes Trump's Travel Ban As 'Unlawful' in DNC Speech. Did She Know Obama Picked the Countries? Matt Vespa Reminder: Schumer Was the One Who Waged War on SCOTUS Beth Baumann Bill Clinton's DNC Speech Was Supposed to Repudiate Trump...It Was Rather Flat Matt Vespa Daily Beast Writer Takes a Blowtorch to Bill Clinton's Speaking Spot at DNC Matt Vespa Former Bernie Spokeswoman Has a Very Big Question for the DNC Beth Baumann Night Two: Guess Which Creepy Epstein Pal Is Speaking at the DNC? Katie Pavlich 'War for the White House' Podcast: Democratic National Convention Night One Recap Townhall.com Staff ADVERTISEMENT Political Cartoons Bearing Arms Judge Rules NRA Lacks Standing On NY Gun Store Closures | Tom Knighton Media Wonders: Can Gun Control Turn Texas Blue? | Cam Edwards Seattle Reaping Whirlwind Of Defunding Police | Tom Knighton 2020 Election Pits "Rage Moms" Against "Defense Moms" | Cam Edwards Texas Woman Stops Armed Burglar Thanks To A Gun Of Her Own | Cam Edwards

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