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TOGETHER WITH
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Good morning. It was a glorious night to be sitting on the couch:
- The Heat survived Game 5 of the NBA Finals with a legendary fourth-quarter performance by Jimmy Butler.
- The Tampa Bay Rays squeaked by the Yankees in Game 5 of the ALDS.
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Emily in Paris.
Maybe we'll get outside today.
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NASDAQ
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11,579.94
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+ 1.39%
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S&P
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3,477.11
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+ 0.88%
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DJIA
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28,587.10
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+ 0.57%
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GOLD
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1,933.90
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+ 2.05%
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10-YR
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0.774%
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- 0.70 bps
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OIL
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40.54
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- 1.58%
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*As of market close
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Markets: The S&P 500 closed out its best week since July.
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Currency: China’s yuan hit a 17-month high against the dollar, reflecting the country's strong economic recovery from the pandemic.
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Stimulus: After appearing to call off negotiations earlier this week, the White House upped its stimulus package offer to $1.8 trillion yesterday. But Senate Majority Leader Mitch McConnell shot down hopes that Congress might squeeze a relief package through before Election Day.
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Francis Scialabba
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Ahead of Election Day, Twitter announced major changes to curb the spread of another virus—misinformation.
Call it the
social media version of a face mask mandate. To slow the rate of
virality, Twitter is adding an extra hurdle to retweeting another
account's posts.
How it works:
- When you hit "retweet" on someone's post, you'll be given a prompt to add your own take (the "Quote Tweet" option).
- While the company admits
this will add "extra friction," the goal is to encourage users to add
their own "thoughts, reactions, and perspectives to the conversation."
And when you're forced to think about something for longer than a
millisecond, you might realize it's bogus.
This change,
like most of the others Twitter revealed yesterday, is temporary.
Twitter said this Quote Tweet feature will begin on Oct. 20 and extend
at least through the end of election week.
Let's talk about Twitter’s other updates
They mainly
focus on politicians who want to use the platform to undermine election
results. Twitter said it would remove tweets that encourage violence or
urge people to interfere with the election process, and it would slap a
label on tweets by candidates who prematurely claim they won an election
before officials blow the final whistle.
What does it all mean? The
updates "could set the social media platform on a collision course”
with President Trump, who has repeatedly tried to undermine public
confidence in the electoral process, the FT writes.
Twitter's not alone in treating the election like a doomsday prepper. This week, Facebook said it would ban
political ads after polls close on Election Day and put a banner at the
top of your feed letting you know that no winner has been decided until
news outlets declare one.
Bottom line: Social
media execs know they'll be the first responders to any Election Day
breakdown, so they're preparing for every possible scenario. The big
question is, will it work?
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Yelp
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A giant banner saying your business acted in a racist manner. Earlier this week, Yelp announced it'll slap alerts on the pages of businesses accused of racist behavior.
- Per Yelp's clarification
to Eater, that includes "the use of racist language, symbols, or
sentiment that clearly discredits the Black Lives Matter movement."
The backdrop: As interest in BLM skyrocketed this summer, Yelp noticed
a growing number of reviews alleging racist behavior. The platform
recorded a 133% uptick in incidents spurred by media reports or social
media posts compared to last year and has already put 450+ alerts on
business pages.
Yelp's
slapped warning labels on before. Sometimes, businesses get "review
bombed" after being featured in controversial news stories or social
posts—which Yelp has navigated by warning visitors that reviews may be
distorted by people who've never actually been customers.
Zoom out: Now, Yelp finds itself in the difficult position of making judgements on what counts as overtly racist behavior.
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Giphy
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Who could've predicted Hamilton on Disney+ would be the only taste of Broadway we'd get for more than a year?
Yesterday, the Broadway League extended its shutdown
another four months through May 30, 2021. By then, it'll have been 444
days since theaters closed their doors due to the pandemic.
Big picture: Broadway's
shutdown has major ripple effects for the New York City economy. Not
only are performers and theater workers affected, but so are all the
restaurants, parking garages, retailers, and more that support the
Broadway ecosystem. The League puts Broadway's annual economic impact at
$14.8 billion.
Looking ahead...no one knows exactly when curtains will rise again, but one of the most anticipated shows, The Music Man starring Hugh Jackman, has set opening night for February 10, 2022. When/if that actually happens, we can't imagine how emotional it'll be.
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SPONSORED BY THE MOTLEY FOOL
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Francis Scialabba
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Amazon is now the last member of the FAMGA quintet holding out on a WFH future. Yesterday, The Verge reported that Microsoft will take a "hybrid" approach and allow more employees to take a client call while folding laundry.
The details: Most
Microsoft employees can choose to WFH up to half their work week, and
the company will also allow more employees to work remotely on a
permanent basis. If employees make that choice, Microsoft will cover
home office expenses and provide a "virtual commute" so they don't fall behind on podcasts like Business Casual.
The backstory: This summer, as other big tech companies started harmonizing on a WFH future, Microsoft boss Satya Nadella was still humming a skeptical tune. In May, he told
the NYT that fully embracing remote work could adversely impact mental
health and feelings of community. But if there's one thing tech
companies hate, it's having a competitor outdo your employee perks.
Zoom out: Like Facebook, Twitter, VMware, and Slack, Microsoft will adjust employee compensation and benefits if they move to an area with lower costs of living.
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Zhong Liting/Southern Metropolis Daily
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We checked
the timestamp on this photo 100 times—and can confirm it was taken very
recently. In fact, this was the scene at the Guangzhou South Railway
Station on Thursday, the final day of China's eight-day Golden Week
holiday.
The holiday was viewed as a major test of people's willingness to travel and spend money during the pandemic. So what did we learn?
- More than 45% of China's
1.4 billion people traveled during the holiday, spending $69.5 billion,
according to the Ministry of Culture and Tourism.
- However, that's a 21% drop-off in trips and a 30% decrease in spending from last year.
Bottom line: With
severe restrictions on international travel, the Golden Week numbers
show the limits of purely domestic tourism...even with China not
reporting a locally transmitted Covid-19 infection since August.
+ Bonus pic, because it's been a long week. Here's a Chinese high-speed train passing in front of the Great Wall:
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Xinhua/Ju Huanzong via Getty Images
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The UN's World Food Programme won the Nobel Peace Prize for its efforts to reduce hunger.
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Alibaba stock hit an all-time high.
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The latest on the NFL’s coronavirus outbreak.
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Retailers are kicking off the holiday shopping season as early as this weekend.
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Disney World’s reopening didn’t trigger the Covid-19 outbreaks some health officials predicted.
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Quibi is struggling to find a buyer, The Information reports.
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What’s GE up to? Rising to the challenge of building a world that works. GE’s purpose has always been to create world-leading tech wherever it's needed. Innovating and focused on the global energy transition, precision health, and the safe return of flight post COVID, the team at GE is turning our present into a better future. To get all the info on what GE is up to, sign up for their GE Investor newsletter here.
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World Mental Health Day is today: Tune in for the WHO's annual Big Event, see how companies are aligning with the moment, and find resources to enhance your own mental health using this guide from Project Healthy Minds.
Weekend Conversation Starters:
- What are this year’s most popular Halloween costumes?
- Rank your top five cringiest clichés, then avoid them like the plague.
- What do you make of these hot cocoa bombs?
- Find out what song was No. 1 on your 12th birthday. That's your life's theme song.
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Today’s
Saturday Headlines is guest-curated by Indiana Jones. Three of these
recent headlines about ancient life are real; one is pure myth. Can you
spot the fake?
- “Julius Caesar did not eat a single root vegetable during his entire life, new study finds”
- “Chris Hemsworth helps reintroduce Tasmanian devils to Australia for first time in 3,000 years”
- “T. Rex skeleton brings $31.8 million at Christie’s auction”
- “Archaeologists in Egypt crack open 2,500-year-old mummy coffin, video goes viral”
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It only takes 3 referrals to earn access to Light Roast, our exclusive Sunday newsletter.
Just the right amount of Brew to go with your lazy Sunday morning. You
don’t even need to train the dog to fetch it from the driveway.
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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SATURDAY HEADLINE ANSWERS
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We made up the Caesar one. Anyone fooled?
Trump Supporters Tell Biden How They Really Feel About His Trip to Las Vegas
The generation that gutted America – with the help of China
Company cofounded by Paul Pelosi Jr. charged with securities fraud
Ted Cruz Hilariously Mocks NYC Mayor de Blasio for Ludicrous Mask Theatrics
They just couldn't believe a lot of Alzheimer's sufferers had this daily habit in common...
And yes, as scary as it sounds...
It's been medically shown that anyone
who does this for more than 21 days risks severe memory loss...
Find all about it here:
Daily Habit Accelerates Alzheimer's By 73%...
He tried to warn us in 2008...
And that the world's largest mortgage bankers (Fannie Mae and Freddie Mac) were
teetering on bankruptcy...
Then, in 2016 he said that "sooner than most people think" there will be rioting in streets...
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| WEB |
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Garden 500 pc Puzzle. Search form. Search. $21.99. SKU: 810163032332.
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The factory in Tennessee made a limited run just for our clients.
After they’re finished with this run they have to get back to making performance clothing for the US special forces.
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