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TOGETHER WITH
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Good morning. Got a good one for you today: Zoom, Adam Neumann, and iceberg lettuce. Not in the same story, but still...
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NASDAQ
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11,768.73
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- 0.80%
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S&P
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3,488.61
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- 0.66%
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DJIA
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28,513.91
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- 0.58%
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GOLD
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1,907.80
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+ 0.70%
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10-YR
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0.726%
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- 0.60 bps
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OIL
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41.07
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+ 2.16%
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*As of market close
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Stimulus: Treasury Secretary Steve Mnuchin said finalizing a stimulus package ahead of the election “would be difficult,” though he and House Speaker Nancy Pelosi are still playing phone tag.
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Francis Scialabba
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Like your
dorm room when your roommate’s high school friends are in town, Zoom has
been tasked with hosting way more than it bargained for. During the
pandemic, everything from weddings to concerts made the transition from
IRL to Zoom, so yesterday the company doubled down on its newfound
identity.
Tickets, please
Zoom is getting into online ticketed events
with a new platform called OnZoom. Event hosts will have a wider range
of tools available and, most importantly, they’ll be able to charge for
events. Consumers can use OnZoom to browse classes, concerts, and
workshops to attend.
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It’s got some competition: Live
Nation, EventBrite, and other platforms that make money by taking a cut
of ticket sales have also invested heavily in virtual events in the past
few months. Zoom is initially holding off on monetizing in a similar
manner, but did say it would take a portion of event sales down the
road.
OnZoom will
also be competing with Airbnb's “experiences.” Since 2016, the
house-sharing giant has offered services that match visitors with
activities, like tours or cooking classes, while traveling. But after
those offerings shifted online early in the pandemic, most of them to Zoom, consumers might decide to skip Airbnb altogether in favor of OnZoom if the platform’s curation is up to snuff.
But Zoom can play nice with others, too
Yesterday, it also announced plans to allow third-party apps
to run on its platform. Zoom has certainly scratched an itch for many
businesses adapting to the new normal, but it thinks more hands = better
scratching.
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Enter “Zapps,” app offerings from
the likes of Salesforce and Slack that can integrate directly into
Zoom’s software. Zoom wants these Zapps to facilitate the sharing of
ideas and generally enhance the core video experience that propelled its
meteoric rise.
Bottom line: Zoom has entered attack mode, working to strengthen its grip on the massive audience it was gifted by the pandemic.
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Charles McQuillan/Getty Images
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This week, Europe’s daily rolling average of Covid-19 infections reached 78,000, surpassing the U.S. To tamp down the spike, governments are implementing new curbs on everyday life.
French president Emmanuel Macron declared a state of emergency and instituted
a curfew (9pm to 6am) for the country’s biggest cities—affecting nearly
a third of the population. Economists say prolonged restrictions could
shove the country back into the recession it experienced in the spring.
Northern Ireland is closing pubs and restaurants for all but takeout, plus schools and many other businesses.
The UK
closed bars and pubs in its most heavily affected areas. Prime Minister
Boris Johnson is facing attacks for what critics call uncertainty and
confusion caused by the government’s three-tiered lockdown system.
The Netherlands will partially lock down for at least four weeks.
Cristiano Ronaldo, the soccer megastar, tested positive.
Bottom line: European
leaders are desperately trying to avoid full lockdowns like they
implemented in the spring, but a second wave is backing them into a
corner.
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Kent Gidley/Collegiate Images/Getty Images
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Nick Saban, head coach of the No. 2 ranked Alabama football team, has tested positive
for Covid-19, the school announced yesterday. He's self-isolating at
home while offensive coordinator Steve Sarkisian takes the reins ahead
of the team's matchup with No. 3 Georgia on Saturday.
The news comes while another SEC school, Florida, is dealing with its own outbreak. After 19 Gators tested positive, it suspended football activities and postponed its game with LSU.
Bottom line: Big-name
schools like Alabama and Florida were desperate to start their seasons
and capture some of the revenue generated by their football programs.
They'll hope this is a blip, not a trend.
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The following is a transcript of a conversation in #brewcrew, the Slack channel Morning Brew uses to discuss IMPORTANT company-wide stuff.
Henry, Copywriter: This Slack channel makes it so easy to communicate with the whole team.
Blake, Creative Director: Can you imagine if we all had to email?! Slack channels are so much faster, better organized, and secure!
Sasha, Brand Partner:
That’s what I was gonna say, Slack is basically our company HQ,
especially now that I’m in Rancho Cucamonga and Sydney's visiting her
Polish grandma.
Sydney, yet another Copywriter: She’s called a Babcia.
Alessandra, Integrated Marketing: Well tell your grandma that Slack lets you access info from thousands of apps, files, and make calls all within THIS OR ANY OTHER CHANNEL!
Neal, Managing Editor: Are u guys trying to turn our Slack into an ad?
Henry, Copywriter: What? No, we’re just saying, Slack is where work happens.
Neal, Managing Editor: This is def an ad.
Henry, Copywriter: If this was an ad, then at the end, wouldn’t I tell you to click here to learn more about how Slack is the new digital headquarters???
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Yesterday, Facebook and Twitter decided to limit
the distribution of a New York Post story about Joe Biden out of
concern that it might be misinformation, sparking outcry from
conservative lawmakers and raising questions around their content
moderation policies.
- The Post's story alleges
then-Vice President Biden’s son Hunter Biden attempted to make
introductions between his father and an exec at a Ukrainian company.
- The Post claims it obtained “smoking gun” emails, but the platforms had questions around the authenticity of the story.
The two companies made the same decision, but for different reasons. Twitter cited
its policy against distributing hacked material, while Facebook said
the story is “eligible to be fact checked” by third-party partners and
will be curtailed until it’s been vetted.
Zoom out: Facebook has long refused to be an “arbiter of truth”—but it seems to be arbiting something here. President Trump attacked both companies in a tweet last night, calling their actions "so terrible."
Later in the evening, Twitter explained its reasoning a bit more, saying it was the images
in the article that violated its hacked material rules. CEO Jack Dorsey
said the company's decision to block URL sharing without context was
"unacceptable."
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Kelly Sullivan/Getty Images
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Former WeWork CEO Adam Neumann and his luscious locks have returned to the biz world. Real estate startup Alfred announced yesterday that Neumann’s family investment office led its most recent $42 million round.
- Alfred offers services
to apartment buildings, such as dog walking and rent processing. It’s
operating in over 100,000 apartments and has almost $100 million in the
bank.
Zoom out: WeWork’s implosion was the business news story of 2019. A little over a year ago, the startup filed to go public
at a jaw-dropping $47 billion valuation...but in doing so, opened its
books to reveal fishy governance and fishier accounting. The IPO was
scrapped, as was Neumann, and the company is now valued at $2.9
billion.
Speaking of...WeWork’s
parent company, The We Company, said yesterday it will return to the
“WeWork” name, a symbolic nod to its office-rental roots. Like much of
commercial real estate, WeWork was crushed during the pandemic, with
huge vacancies leading to mass layoffs. It’s still bleeding cash, but
CEO Sandeep Mathrani said it will turn a profit by the end of next year.
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Bank earnings roundup: Goldman Sachs’s trading revenue boomed, Bank of America fell short, and Wells Fargo is still struggling to cut costs.
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Sen. Elizabeth Warren
wrote a letter to Disney execs, blasting them for restoring executive
pay while laying off tens of thousands in the theme parks division.
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Robinhood is considering making its trading data public again, per Bloomberg.
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The Vatican’s financial scandal continued to grow with the arrest of a woman who said she was given money by a cardinal to conduct secret missions in Africa.
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Tesla is cutting its Model S price to $69,420.
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7 signs of a lagging metabolism. The wellness experts at Sakara have put together | | |
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| ADVERTISEMENT |
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| ADVERTISEMENT |
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October 15
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| FEATURED BIOGRAPHY
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| John L. Sullivan
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| FEATURED EVENT
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| 1959
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| Final conference on Antarctic Treaty
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Advertisement
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Advertisement
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Thursday, October 15, 2020
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President Donald Trump and Democratic nominee Joe Biden will participate in separate and dueling town halls Thursday evening. The town halls were set up after Trump withdrew
from the originally scheduled second presidential debate when it was
changed to a virtual format due to COVID-19 concerns and the president’s
diagnosis. Following Trump backing out of the debate, it was announced
Biden would do a town hall. Trump has since set up a similar event. Both
are scheduled for 8 p.m. The final presidential debate between the
candidates is currently scheduled for Oct. 22.
On Capitol Hill, the contentious debate surrounding the nomination of a new Supreme Court justice
resumes. Judge Amy Coney Barrett has answered questions for two days
from the Senate Judiciary Committee. Today, testimony will be heard from
individuals in favor and against Barrett’s nomination. The
Republican-led committee is expected to approve her nomination next
week.
On the campaign trail:
- Donald Trump will be in North Carolina for a rally.
- Mike Pence will be in Florida for an event.
Resources for you:
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Fierce Winds Fan Rockies Wildfires, New Evacuations Ordered
Twitter Locks WH Press Secretary McEnany’s Account
Biden sex-assault accuser Tara Reade releasing memoir right before election
Antifa Is Real, It’s Violent, And You Need To Plan For It…
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| World Health Organization Appeals To ‘All World Leaders: Stop Using Lockdown As Your Primary Control Method’ | | Read More | | |
| Amy Coney Barrett dismisses gay marriage overturn, ‘female Scalia’ label |
| Read More |
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| Amy Coney Barrett dismisses gay marriage overturn, ‘female Scalia’ label Read More |
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| LYING JOE: Email reveals how Hunter Biden introduced Ukrainian businessman to VP dad | | Uh-oh, Joe. Looks like you’ve found yourself in a bit of a sticky situation. A new report shows Hunter Biden did, in fac [...] |
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| Coronavirus Cases Have Increased In 41 States/Up From 33 – Veterans Today | | Read More | | | | Radical Dem Operative Caught On Undercover Video Admitting That Violence Is Planned If Trump Wins | | Read More | | | Read More | America Has Fewest Cops in a Quarter Century, Data Find |
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| | | America Has Fewest Cops in a Quarter Century, Data Find Read More |
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| | | | | Merriam-Webster Dictionary Instantly Alters Meanin | | Thu, 15 Oct 2020 10:27:54 +0000 | | PatriotsNews | | | | | | | Fox Chase Cancer Center Selected as Melanoma Center of Excellence PHILADELPHIA (October 14, 2020)—Fox Chase Cancer Center has been selected as the newest institution in The Melanoma Research Foundation ... |
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