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TOGETHER WITH
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Good morning.
More than 75 million Americans have already voted in this year's
election—that's already over half of the total votes counted in 2016's
election.
If you’re
reading this while waiting in line to vote, here are some ideas to help
pass the time (after you’ve read this newsletter, of course):
- Start a game of 20 Questions among your fellow democracy-lovers
- Rack up Brew referrals
- When all else fails…squats
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NASDAQ
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11,004.87
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- 3.73%
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S&P
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3,271.38
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- 3.52%
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DJIA
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26,521.37
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- 3.43%
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GOLD
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1,878.80
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- 1.73%
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10-YR
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0.775%
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UNCH
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OIL
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37.35
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- 5.61%
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*As of market close
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Markets: Three days before Halloween, they’re officially spooked. U.S. stocks followed their European pals down the gutter yesterday, and the S&P had its worst one-day drop since June.
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Economy: Big day today. The Commerce Department will release data on third-quarter GDP
(our broadest measure of economic activity). The numbers will probably
show the strongest quarterly growth on record in the U.S. However, Q3
also followed the biggest GDP drop on record, so the numbers won’t reflect a rip-roaring economy.
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Today's Markets Snapshot is Sponsored by Fidelity
Discover what to know when investing today in our newest podcast with Fidelity, Fresh Invest. Listen now.
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Francis Scialabba
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Facing alarming numbers of Covid-19 infections, hospitalizations, and deaths, Germany and France tightened restrictions on businesses and social life yesterday with the most dramatic measures they have taken since the spring.
- The WHO said the European region accounted for almost half of the new Covid-19 cases reported last week.
The
epicenter of Europe’s second wave is the epicenter of its wine culture:
France. The country’s seven-day average of new daily cases jumped over 50% in the past week, and its hospitals are at risk of being overwhelmed.
- There was already a curfew from 9pm to 6am in France’s larger cities.
- Then yesterday,
President Emmanuel Macron announced a nationwide lockdown nearly as
strict as those imposed in March; people are allowed to leave their
homes only for school, essential goods, and work—if their employer says
it’s impossible to do the job from home.
France’s neighbor Germany also enacted a partial, month-long lockdown. German restaurants, bars, gyms, concert halls, and theaters will close starting Nov. 2.
- The government will spend up to 10 billion euros (about $11.8 billion) to cover some lost sales for affected businesses.
Zoom out: Some
economists say governments should pursue measured lockdown orders to
prevent kneecapping the global economy like we saw in the spring. But
others say a brief, strict lockdown is the best approach to getting
infections under control so businesses can open back up sooner.
The moves made the Continent’s stock markets swoon
The Stoxx 600, a pan-European index, suffered
its worst one-day drop since September ahead of Macron’s announcement.
France’s CAC and Germany’s DAX dipped 3.7% and more than 4.4%,
respectively.
Bottom line: The
U.S. and Europe have resoundingly failed to hold onto the progress made
over the summer against the virus. Many East Asian countries
resoundingly haven’t; South Korean President Moon Jae-in said on Tuesday his country has contained the coronavirus.
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Big Tech’s
version of the Avengers assembled yesterday, when Twitter CEO Jack
Dorsey, Facebook CEO Mark Zuckerberg, and Alphabet CEO Sundar Pichai faced off against a Senate panel over the widespread protections Section 230 offers their tech empires.
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Quick refresher: Section 230 is a
26-word provision tucked away in a 1996 law that says internet companies
cannot be held liable for the content their users post. It’s been
attacked by both conservatives and liberals, and even the CEOs
themselves for its imprecise language and sweeping consequences.
Here are the best soundbites from the feisty affair:
"Section 230 is the Internet’s most important law for free speech and safety.” Jack Dorsey claimed that weakening the protections offered by the law would change the fabric of the digital world.
“Congress should update the law to make sure it’s working as intended.” Zuckerberg said he supports change because more clarity around content moderation benefits everybody, including the platforms.
"Mr. Dorsey, who the hell elected you and put you in charge of what the media are allowed to report…?” Republican Senator Ted Cruz broke out the H-E-double-hockey-sticks, reprimanding Twitter for disabling the sharing of a NY Post article about Hunter Biden.
“The
issue is not that these companies...are taking too many posts down. The
issue is that they are leaving too many dangerous posts up.” Democratic Senator Ed Markey said tech companies could go further in limiting the spread of hate speech and misinformation.
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Brendan Smialowski/Getty Images
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This article is part of our weeklong series exploring state-level issues in the upcoming election.
In 2018,
President Trump visited Wisconsin to break ground on what he called “the
eighth wonder of the world,” a high-tech manufacturing facility for TV
screens that would bring 13,000 jobs and $10 billion in investment to
the swing state.
Narrator: It didn’t go as planned
Behind the project is Taiwan’s Foxconn Technology Group, famous for its role as Apple’s main manufacturing partner. But more than two years later, the grand vision has been downgraded—the facility is now set to produce less-advanced screens—and Wisconsin officials aren’t sure what they’re getting.
Foxconn was
set to receive as much as $4 billion in incentives if it met certain
targets. But the company has fallen short in hiring and investments. In
2019, it brought on less than a quarter of the planned 2,000+ employees.
- For the second year
running, Foxconn was denied incentives under the agreement. It’s
renegotiating the terms with Wisconsin officials as construction
continues.
Big picture:
Trump was personally involved in the deal from the beginning, and for
his critics, this factory is a high-profile example of campaign promises
to manufacturing workers, especially in the Rust Belt, that haven't been fulfilled.
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Ah, the
holidays. When you once again realize you have much less time than
previously thought to shop for all of your friends and family.
And while we can’t help with that, we can help you switch to Radius Bank, named Bankrate’s Best Online Bank of 2020.
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If you said London’s Heathrow, you’d have been correct...until yesterday. Heathrow said it had been overtaken by Charles de Gaulle in Paris as the busiest airport in Europe, with Amsterdam Schiphol and Frankfurt “close behind.”
What happened? We
could say “the coronavirus,” but Paris, Amsterdam, and Frankfurt had to
deal with that, too. Specifically, Heathrow’s bosses blamed the British
government for being too slow to implement a Covid-19 testing program at the airport, while its rivals had installed testing systems.
- Passenger testing is
important because it allows travelers to avoid long quarantines
following a trip. You can imagine more people might travel through
Heathrow if they knew they could avoid quarantine.
Zoom out: No
matter what airport you fly out of, you won’t have to wrestle anyone
for the charging outlet. Heathrow’s passenger numbers fell 69% in the
first nine months of the year; Charles De Gaulle traffic fell 67%.
Looking ahead...to
recapture the European throne, Heathrow’s CEO said Britain needs to
install pre-departure Covid tests and partner with the U.S. to open a
“pilot airbridge to America.”
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Clodagh Kilcoyne/Getty Images
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Ryan Smith,
the billionaire founder of Qualtrics, acquired a majority stake in
another Utah-based business yesterday for a reported $1.6 billion: the
Utah Jazz.
Ryan Smith: boring name, interesting dude
While most kids get their dad’s eye color or temperament, Smith used a survey tool his father developed
for academics to start Qualtrics in Provo, UT, in 2002. He took the
idea and turned it into a software behemoth that over 11,000
organizations in 100 countries now use to measure customer experience.
- In 2018, just before Smith was set to take Qualtrics public at a $5 billion valuation, European software giant SAP offered $8 billion to buy the company, which Smith accepted.
The Jazz are jazzed to have him: For the past three years, Smith has collaborated with the team on a first-of-its-kind philanthropic jersey patch
that’s raised $25 million. And he loves Utah even more than your friend
who just came back from Zion—Qualtrics is currently doubling the size
of its Provo HQ.
Bottom line: Smith
joins an NBA owners club with more tech billionaires than a U.S. Senate
hearing: Mark Cuban, ex-Microsoft CEO Steve Ballmer, Alibaba cofounder
Joseph Tsai, and former AOL exec Ted Leonsis all own teams.
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we sifted through hundreds of answers and selected the top responses. Check them out.
So you’ve voted...here’s a Pocket full of articles that explain how those votes will be counted and what happens next.
Horrors in this house: How does one celebrate Halloween during a pandemic? We’d love to know. Share your Halloween plans here.
*This is sponsored advertising content
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Giphy
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Despite rising concerns about the spread of fake news, almost one in five U.S. adults mostly use social media to stay current.
But tech
execs like Zuck and Dorsey are still new to the whole “controlling the
global dissemination of news” thing. So, just like you wouldn’t trust
someone who recently got their learner’s permit to drive your Jeep, you
shouldn’t trust social media to filter your perfect cup of fresh-brewed,
fact-checked news.
As we barrel roll toward the election, the news you read on social media won’t just affect your
vote, but liking or sharing it could send posts spiraling into the East
Australian Current that is going viral. And if the post is anything
less than factual, that would be like, totally not cool, dude.
To help, the
Brew’s social media expert Jamie Wilde created a step-by-step guide
that walks you through how to suss out fact from fiction when looking at
a social media post.
Dive in here.
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The electoral college has received a lot of criticism, but since it’s still around...we might as well quiz you about it.
How this game works: We’ll give you two states; you have to choose the state with more presidential electors.
- Texas or New York
- Georgia or Colorado
- Maine or Vermont
- Ohio or Wisconsin
- New Jersey or Virginia
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- Texas (38) has more than New York (29)
- Georgia (16) has more than Colorado (9)
- Maine (4) has more than Vermont (3)
- Ohio (18) has more than Wisconsin (10)
- New Jersey (14) has more than Virginia (13)
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BHHS FOX & ROACH-OCEAN CITY Bhhs Fox & Roach-ocean City: #1 AGENCY IN OCEAN CITY Text FR to 59559 FFor Info on any Sale Property Sent Directl...
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| What's the deal with Arizona? **Want FOX
News Halftime Report in your inbox every day? Sign up here.** On the
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ALREADY? Justice Amy Coney Barrett asked to recuse herself from case, Dems calling for impeachment
“If Amy Coney Barrett goes on the Court and immediately votes for
PA voter suppression, she should be quickly impeached.”
| ‘SUPPRESSION OF THE STORY’: President Trump blasts Twitter as CEO attempts to defend censorship, lies during Senate hearing | | Read More | | |
| UNMASKED: Author of anonymous 2018 NYT op-ed revealed to be ‘low-level’ former Department of Homeland Security staffer | | Read More | | |
| The Latest
To win the election, President Donald Trump or Democratic nominee Joe Biden will need at least 270 votes from the Electoral College.
Each state, along with Washington, D.C., has a certain number of
electors, which is equal to its congressional representation. For
example, California is the most populous state. It has 53
representatives and two senators in Congress for a total of 55.
California gets 55 electoral votes for the presidential election. D.C.
receives the same number of electoral votes as the least populous state.
There are a total of 538 electors.
When you cast your ballot for president, you are voting for your candidate’s preferred electors, according to the National Archives.
The electors are the ones who will officially vote for your state at a
later date, usually in December. Each state is permitted to choose how
it selects its electors. Electors are required in some states to cast
their vote according to the popular vote in their state, however, there
is no federal law mandating this for all states. According to the National Archives, it is rare for an elector to ignore the popular vote.
On the campaign trail:
- Joe Biden will be in Florida for campaign events.
- Donald Trump will hold rallies in Florida and North Carolina.
- Mike Pence will be in Iowa and Nevada for rallies.
Resources for you:
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 | ALREADY? Justice Amy Coney Barrett asked to recuse herself from case, Dems calling for impeachment | | So it begins. Less than 24 hours after her confirmation to the United States Supreme Court, Justice Amy Coney Barrett is [...] | | |
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Support These 14 Conservative House Candidates RIGHT NOW
Breaking News | Multiple Voter Polls That Will Alarm Democrats Acr | | Thu, 29 Oct 2020 11:29:26 +0000 | | PatriotsNews | | |
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Please help defeat these four radical Democrats by voting for and supporting their conservative challengers.
DEFEAT JON OSSOFF
Jon
Ossoff (D-GA) supported the call to defund the police and then angrily
told a group of liberal supporters that he wanted Republicans “beaten so bad” they can never “show their face again in public.”
➤ Support David Perdue (R-GA)
DEFEAT STEVE BULLOCK
Steve
Bullock (D-MT) pushed a plan to offer Chinese millionaires permanent
residency in the United States if they invested in an exclusive ski
resort in Montana.
➤ Support Steve Daines (R-MT)
DEFEAT GARY PETERS
Gary
Peters (D-MI) has a 100% rating from Planned Parenthood Action Fund and
has fought to keep taxpayer dollars going to Planned Parenthood and
other abortion providers.
➤ Support John James (R-MI)
DEFEAT THERESA GREENFIELD
Theresa
Greenfield (D-IA) has a record of violating election laws. Her 2018
campaign manager was charged with felony election fraud for submitting
false signatures to gain ballot access, and her current campaign was
caught accepting contributions over the legal limit.
➤ Support Joni Ernst (R-IA)
Mary Vought | | | |
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