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TOGETHER WITH
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Good morning. Mulan comes out on Disney+ today, but let's be real—the Disney live-action remakes have been underwhelming.
Maybe
they're thinking about it all wrong. What if...and hear us out...Disney
started doing animation remakes instead? So taking its live-action
movies and turning them into animated films?
There is one obvious choice for the first animated remake: Pirates of the Caribbean.
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NASDAQ
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11,458.10
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- 4.96%
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S&P
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3,454.89
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- 3.52%
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DJIA
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28,289.63
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- 2.79%
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GOLD
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1,937.10
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- 0.39%
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10-YR
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0.631%
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- 1.60 bps
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OIL
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41.27
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- 0.58%
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*As of market close
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Markets: Turns out stocks don’t always go up. Big Tech dragged down
the major U.S. indexes to their steepest drops in months yesterday.
Many analysts say this was a healthy pullback from weeks of ludicrous
gains.
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Trade: The U.S. trade deficit (difference between imports and exports) grew to its highest level since 2008 in July.
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Jobs: New jobless claims = 881,000 last week,
better than expectations. However, this was the first weekly report
that reflected a new Labor Department methodology for calculating
seasonal fluctuations. The big August jobs report is out this morning.
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Giphy
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With the 2020 election looming, major tech platforms are scrambling to get their houses in order.
Setting the scene:
Election Day is 60 days out. Many experts are worried that social media
platforms will amplify election shenanigans, especially given the
seismic slip-ups of the last presidential cycle (remember Cambridge
Analytica?). And there’s even more at stake now, what with the global
pandemic.
First up, 2016’s chief tech villain
Aka Facebook. Yesterday, CEO Mark Zuckerberg announced new moves to curb misinformation and ensure a smooth electoral process.
- Facebook will not accept new political ads in the week leading up to Nov. 3.
- If any candidate
attempts to declare victory before the final results are tallied,
Facebook will link the post to vote counts from Reuters and the National
Election Pool.
These measures go further than Mark “Free Speech Crusader” Zuckerberg has gone before, but critics pounced immediately, arguing they’re the misinformation-banning equivalent of Louisiana Hot Sauce when the electoral system needs Mad Dog.
- Pinterest demonstrated a
stricter approach by banning ads on election-related search terms. It
banned all political ads two years ago.
Second up, 2001’s chief tech villain: Microsoft. This week, the software giant released
a tool that can help spot deepfakes, or photos and videos that have
been manipulated by AI. Microsoft said the tool will be made available
to “organizations involved in the democratic process.”
Third up, all of Silicon Valley
Well, almost. Axios reports
that Facebook, Google, Twitter, and Reddit are holding regular meetings
with each other, federal law enforcement, and intelligence agencies.
For what?
Book club. No, they’re coordinating how to handle what’s expected to be a
historic election for mail-in voting. That’s especially tricky because
election officials may be counting ballots for days or weeks after
Election Day, likely causing confusion.
Bottom line: This year, the responsibility of electoral integrity is falling on U.S. tech companies nearly as much as on the government.
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Sean Gallup/Getty Images
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Yesterday the IFA consumer electronics show kicked off in Berlin, and guess what? It’s not completely virtual. What a world!
Sure, it’s scaled down
dramatically. Last year, the show had 2,300 exhibitors; this year,
about 180. And instead of using 40 halls, IFA 2020 will only take up
five.
The backstory: For the tech industry, the pandemic first hit home when Mobile World Congress, the largest phone show in the world, canceled
its event in February over coronavirus fears. In the months since,
trade fairs around the world transitioned online as the pandemic halted
physical gatherings.
Now, the convention economy is beginning to tiptoe back to life, one breakout session at a time. On July 24, Orlando hosted 1,400 people for the “Together Again Expo,” a trade show all about trade shows during a pandemic.
Bottom line: No
one knows whether the trade show circuit will ever be the same—and for
those of us who don’t know how to end a conversation, maybe that’s a
good thing. But any real recovery could be years out: Vegas’s huge CES
show in January 2021 is all-virtual.
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Pixabay
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We could be
entering the Late Cretaceous period for the 60/40 investment portfolio,
with a wave of critics forming an asteroid to wipe it out.
The latest naysayer: Paul McCulley, the former chief economist at investment giant PIMCO. On Bloomberg’s Odd Lots podcast this week, he said that if the 60/40 portfolio keeps working, “then democracy has failed.”
Okay, maybe it’s time to back up. The
60/40 investment portfolio encourages financial planners to invest in
60% equities and 40% bonds to achieve long-term success. It’s been coded into Wall Street’s DNA for decades, and provided solid returns for almost as long.
But
increasingly, financial sages like McCulley argue that the Fed’s
attempts to tamp down inflation have suppressed bond yields while
inflating equity valuations—keeping the 60/40 split from working the way
it’s supposed to. McCulley thinks this “disinflationary environment”
that made the 60/40 mix an antique reflects larger systemic problems in
the U.S. economy.
So what now? A whole lot of experimentation is underway, including expansion into alternative investments like real estate.
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If you don’t know about Flippy yet (the robot who flips burgers), you’ve some serious ketching up to do.
This hunk of metal does more than beep and boop. Flippy is the world’s first autonomous robot kitchen assistant, helping Quick Service Restaurants cut operating costs by about 300%.
But we’re not just here relishing the chance to tell you about Flippy.
Hold onto your buns.
We’re here to say that you can actually invest in this cash cow (flipping robot).
Oh yeah, readers. Flippy’s the future of Quick Service Restaurants and the future of your wallet.
Mmm mmm mmm: Get a cut of Flippy’s tasty revenue right now.
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Jeep
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Into the fancy SUV market. Fiat Chrysler (FCA)’s Jeep brand yesterday unveiled two new luxury SUV models—the Wagoneer and the Grand Wagoneer.
If that made Fleetwood Mac play in your mind...yes, the name is a throwback to a 1970s model. Some specs:
- The Wagoneer will cost about $60,000, while the fully-loaded Grand Wagoneer is expected to cost north of $100,000.
- While the original model
featured the famous wood paneling, the one revealed yesterday has
subtler teak finishes, plus multimedia displays. CNBC described the interior as “a digital cockpit.”
Big picture: Luxury
SUVs represent a highly profitable category in an otherwise lagging
North American auto market. It’s also a competitive one—the Wagoneer
will go up against GM’s GMC Yukon and Cadillac Escalade, and Ford’s
Expedition and Lincoln Navigator. Eventually, Jeep wants the vehicle to
be uttered in the same breath as the vaunted Range Rover.
Bottom line: FCA’s other properties, Chrysler and Dodge, are struggling, so it’s hoping a souped-up SUV can turn its fortunes around by catering to the upper tax brackets.
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Five questions. Just you and this week's business news. Who will come out on top?
Find out here.
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Apple
is delaying a recent change to its privacy settings that would severely
hamstring Facebook and other companies from targeting ads.
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GM and Honda have elbow-bumped on an alliance to make vehicles in North America.
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Juul, the e-cig maker, is planning to cut more than half its employees, the WSJ reports.
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The mayor of Rochester, NY,
suspended seven police officers involved in the asphyxiation death of
Daniel Prude, a Black man, in March. Prude's family released body-cam
footage of his death on Wednesday, sparking protests.
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President Trump will continue environmental deregulation if reelected, the EPA administrator said.
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The Batman has stopped production in London after Robert Pattinson, who plays Batman, tested positive for COVID-19.
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SPONSORED BY THE MOTLEY FOOL
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We’d be fools not to listen to these Fools. The Motley Fool's’s two legendary investors, David and Tom Gardner, are releasing a very rare “All In” buy alert.
When these two gents agree on one stock, big things happen (like an
average return of 931% as of 9/4/20). Don’t miss out on their latest
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What is a SPAC? A “special purpose acquisition company”...and the hottest thing on Wall Street since CAVA opened. Here’s your definitive beginner's guide.
Not even sure what to say: Just click around for a bit and we're sure you'll find something to entertain yourself with.
Follow Friday: Retail Brew writer Halie LeSavage is handpicking today’s recs. Follow her for bankruptcy updates and shopping recs, then check out...
- On Insta: @lizatlarge and @evahnsan are two artists that never fail to make me smile. Then there’s @idealbookshelf, which posts reading lists that double as wall decor.
- On Twitter: If you want to know what building and scaling a DTC brand is really like, @TheYelitsa, @jurhyu, and @helena have you covered. And for my fellow recovering Floridians out there, I humbly present @GatorsDaily.
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If the Friday Puzzle doesn't take you four hours to solve...we're not doing it right.
Here's today's brain-bender: What is represented by the phrase "ETAOIN SHRDLU"?
- Hint: The order of the letters is important.
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When you share the Brew, you earn rewards.
From Brew swag like t-shirts and coffee mugs to exclusive content, we've
got something for everyone in our premier rewards program.
Share your unique link to start racking up referrals.
Hit the button below to start sharing the Brew.
Click to ShareOr copy & paste your referral link to others:
morningbrew.com/daily/r/?kid=a17a7110
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It's the approximate order of frequency of the 12 most commonly used letters in the English language.
Hillary and Obama want Trump defeated.
It's payback for 2016.
David Horowitz says they will fail.
Trump has a secret plan . . .
Never in the history of
America have such brutal attacks been mounted on a sitting president of
the United States.
So says David Horowitz, a famed New York Times bestselling author, in his new book BLITZ: Trump Will Smash the Left and Win.
Horowitz is no ordinary author.
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He
is a former left-wing radical who converted to the "right" side. Today,
he is one of America's foremost conservative thinkers.
His New York Times
bestseller "Big Agenda: President Trump's Plan to Save America" was
written before Trump's became president - so certain was Horowitz that
he would win.
In fact, "Big Agenda" was the only pro-Trump book on the Times' bestseller list on the day of Trump's inauguration!
Now, in BLITZ, Horowitz has another stunning prediction: Trump will not only win this November, he'll win in a landslide.
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Horowitz says the left has overreached. Disgustingly so.
Even amid the raging
coronavirus pandemic, as Americans around the country seek unity,
comfort, and safety, the Left has only one mission: take down
Donald Trump.
The events may change, but
the Democrats' playbook remains the same, Horowitz writes.
We've reserved a FREE copy of BLITZ in your name. Claim your FREE BOOK here.
Don't see this election in a vacuum, Horowitz warns.
And don't believe claims Barack Obama and Hillary Clinton are playing a small role in the efforts to oust Trump, he adds.
Even before Trump took
office, leftists vowed to oust the 45th president of the United States
at any cost.
On the day he was
inaugurated in 2016, they openly talked about their impeachment plan.
For the first time,
Horowitz, a former leftist himself, reveals how Democrats and their
allies concocted several attack plans against President Trump with the aim of removing him from office and overturning the 2016 election result.
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This
plan culminated in the December 2019 House impeachment of
Donald J. Trump.
Horowitz explains in BLITZ why their fervent efforts to destroy Trump failed, and how this led up to a renewed attack on him during the pandemic.
BLITZ: Trump Will Smash the Left and Win
chronicles the brutal battles, bitter backlash, and shameless lies
Trump has faced as Democrats repeatedly attack his presidency.
Surprisingly, as Horowitz reveals, these very things will lead Trump straight to victory in the 2020 presidential election.
BLITZ
is a must-read for every American who stands behind our Constitution
and our president - and it's sure to make liberals' heads explode
by revealing:
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- The
SECRET Meeting: Just 5 days after Trump was sworn in, billionaire
George Soros backed a clandestine meeting in a Washington hotel with
far-leftists from around the nation to form the "Resistance" - the
shadowy group that has sought to attack the president at every turn. Page 13
- What Trump really said about illegals - not what the media made up. (And the truth about Obama's plan to abolish God from the public square). Page 119
- How religious freedom was returned to the people, after a decade of being under siege where God was held hostage. Page 153
- CNN's mother of all slanders against President Trump - yet not a soul stepped up to challenge the shocking lies. Page 163
- Ever wonder exactly how the Democratic Party became so derailed that it became the party of hate? Find out on page 165.
- The real Washington whistleblower? TRUMP! Check out page 136.
A blockbuster bestseller in the making, BLITZ
examines how years of rampant corruption, obstruction of justice, and
stifling oppression of the American people by leftists will keep Trump
in the Oval Office for four more years.
Some of the leading conservatives in America have already read BLITZ and say you must get it, devour it . . . and share it!
ALSO INSIDE this must-read book:
- The
SECRET Deal: Ever wonder why pro-communist Bernie Sanders has heartily
endorsed Joe Biden? It's all about the Green New Deal and what insiders
say is nothing short of destroying the U.S. economy to "replace it with
something else." Page 104
- The
insane Hitler-esque proposal that would place America under the iron
fist of a military regime for 10 years while confiscating cars and
banning air travel. Page 97
- Top 10 lies the Democrats have told you - they're whoppers and yet millions of leftists swallow them hook, line, and sinker. Page 207
- Trump's most retweeted post of all time - the one that made heads explode at CNN and MSNBC. Page 29
- The brilliant and calculated strategy Trump uses to bypass the mainstream media and get his message out to the people. Page 31
BLITZ
dives deep into Trump World, while ripping the veil of deception off
the left's terrifying socialist agenda as you've never seen before.
So compelling are the facts
and so riveting the truth, you can't put this book down. BLITZ is a political expose of shocking events, defiance, and agendas as well as startling, never-before-heard revelations.
Here's something the media refused to report: the truth behind the Ukraine scandal that'll knock your socks off. Lying, cheating Democrats concocted a story about Trump to hide Obama and Biden's corruption. Read how it all played out on page 124.
Here's what else you'll discover inside your FREE copy of BLITZ:
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- How the Democrats' plan to stop the wall blew up in their faces, alienating their own voters. Page 26
- Why
the Democrats will employ "identity politics" and race in a desperate
effort to stop Trump despite having spent the past keeping minorities
oppressed - a strategy filled with extreme injustice, racism, and
inequality. Page 207
- Elijah
Cummings' corruption EXPOSED: the truth about how this long-time
congressman oppressed his own people - it took Trump to unmask it for
all to see. Page 38
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- Why Democrats vehemently oppose charter schools - it has nothing to do with education or your children's welfare. Page 43
- WHO SAID THIS: "People pushing hardest for Trump's removal are more dangerous than Trump"? Page 137
- How patriotism suddenly became "white nationalism" linking Trump and his supporters to Hitler and the KKK. Page 70
- The New York Times'
shocking attempt to distort history and place the blame for slavery on
the backs of whites, insisting everything that's made America
exceptional grew out of slavery. FALSE! Read about the alarming "Project
1619" on page 72.
- Fact
Check: Kamala Harris and Elizabeth Warren shout "human rights abuse"
and insist Trump is "taking America to a dark and ugly place" but their
facts are fake and confused. Read all about the Democrats' immigration
hypocrisy on page 49.
- Trump
Derangement Syndrome is REAL! Even this Trump-hating correspondent from
CNN didn't believe it until he saw it in action firsthand. Page 107
- The one thing that'll be the demise of the Democratic Party. Page 107
- WHO SAID THIS: "A hardened criminal has more rights than the president of the United States"? Turn to page 134 to find out!
- One thing about Trump his enemies will never get - and it's hysterical. Page 115
- Shocking differences between Trump and Obama policies - it's all laid out on page 142
- Why every leftist effort to demonize Trump and his supporters is backfiring! Page 163
- Did you know Trump took on Russia? No one knows because the media refused to report it. Page 145
Dozens of stories and
examples expose how those on the left twist Trump's words,
pathologically lie, and make up rules as they go.
Horowitz also masterfully
highlights Trump's staggering successes against all odds, from a booming
economy to rebuilding our military, obliterating ISIS, making the U.S.
energy independent, and more.
And now, he reveals how
Trump will become the "Architect of Revival" in the wake of the
coronavirus, the man who can and will Make America Great Again.
Everything you need to know
about how and why Trump is going to triumph over the left in the
upcoming election is detailed in the NEW BLITZ: Trump Will Smash the Left and Win.
Leftists and socialists are
committing the greatest crime ever perpetuated against America by its
own citizens. To understand why this is happening and how it happened, click here to get your personal copy of BLITZ - FREE.
BLITZ is the MUST-READ POLITICAL BOOK OF THE YEAR!
Hurry! Claim Your FREE Book NOW!
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US Marshals Recover Dozens of Missing Children, Including Trafficking Victims
Portland Rioter Arrested for Double Murder One Week After He Was Let Off
Portland Murder Suspect Dead Afer Pulling Gun On Feds During Arrest
Joe Biden Screws Up, Says Totally Wrong Line During Live TV Interview
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