BREW AND HEADLINES

 

TOGETHER WITH

Good morning. Wanna feel old...and a lot of other things? According to Chinese government data reviewed by the South China Morning Post, the original case of the novel coronavirus emerged on November 17, 2019, exactly one year ago today.

MARKETS NASDAQ 11,924.13 + 0.80% S&P 3,626.91 + 1.16% DJIA 29,950.44 + 1.60% GOLD 1,887.90 + 0.09% 10-YR 0.904% + 1.00 bps OIL 41.47 + 3.34% *As of market close Covid: Cases are still rising in 48 states. Yesterday, California Gov. Gavin Newsom pulled the "emergency brake" and closed indoor dining, gyms, and places of worship in counties home to 94% of the state's residents. White House transition: President-elect Joe Biden met with labor leaders and CEOs of big-name companies including GM, Microsoft, and Target yesterday to discuss cooperation and economic recovery plans.

PHARMA 2 Down, 17 to Go

Francis Scialabba Are Monday mornings the new Friday afternoons? Yesterday, Moderna announced its vaccine was 94.5% effective in Phase 3 clinical trials, just one week after Pfizer bragged its vaccine was over 90% effective.  The details: Moderna's month-long trial involved 30,000 volunteers split between placebo and vaccine groups. Of the 95 Covid-19 cases logged, only five occurred in the vaccine group, and all 11 severe cases were placebo recipients. Efficacy across groups—young people, the elderly, racial and ethnic minorities—was "really consistent," Dr. Anthony Fauci told STAT.   What we don't know yet: How long the vaccine lasts, its impact on asymptomatic carriers and infectiousness, potential long-term side effects, and whether 95% efficacy can convince skeptics to get the double dose. Still, Moderna's and Pfizer's results are leaps and bounds better than what health experts dared to dream of a few months ago.  Plus, Moderna's vaccine can hold for a month at a normal refrigerator freezer's temp, making it much easier to transport than Pfizer's, which requires -94°F. Markets partied like it was February 2020  Get your Dow 30k gear ready, because the blue-chip index hit a record 29,964 points, while the S&P rose nearly 1.2% to notch its own record close. The Russell 2000 index, which tracks small-cap companies, jumped 2.4%, building on top of last week's first record close in over two years. That rally comes despite rising U.S. cases and new restrictions, which could disproportionately hurt small-cap profits this quarter, the WSJ reports.  Other stock market winners from yesterday:  Moderna, obviously. The U.S. biotech rose 9.6%. "NYC is not dead" stocks, like lenders and commercial real estate. Pandemic-stricken sectors like travel and leisure. Cruise operator Carnival rose nearly 10%, and the JETS airline exchange-traded fund rose 3.8%. Looking ahead...we could see more vaccine rallies soon. Pfizer and Moderna are still collecting data on lingering side effects for the FDA, but they could file for emergency use authorization within a few weeks.

AUTO Elon’s Early Christmas Present

Giphy Yesterday, S&P Global announced that Tesla will join the S&P 500 come Monday, Dec. 21. With a $386.8 billion market cap as of Monday evening, Tesla would already be among the index’s top 10 most valuable companies (and its stock shot up more than 13% after hours).  The automaker was technically eligible as early as September, but the Index Committee who makes the call passed it over. They’ll announce what company Tesla is booting off at a later date. Who’s your money on?

IPO Airbnb Finds a New Home Coming to a Robinhood home screen near you: ticker ABNB. Yesterday, home rental company Airbnb released its long-awaited IPO filing. If it signs the Nasdaq guestbook in December (that's the goal), Airbnb could become the third-largest IPO of the year after Snowflake and investor Bill Ackman's blank-check company. The backstory: Airbnb was down 28–3 following the pandemic's first wave in March and April. In May, the company laid off about a quarter of its workforce as revenue dropped 72% in Q2.  But Airbnb mounted a furious comeback, mostly thanks to an unexpected number of people renting properties in rural areas in the U.S. It even turned a profit last quarter on $1.3 billion in revenue. Zoom out: Everyone has an opinion on the future of travel and what it might mean for Airbnb and other hospitality companies. Expedia CEO Peter Kern, for one, gave a bullish take to Bloomberg recently: "Rome has been through a plague or two."  + If you've got some time on your hands...read Airbnb's S-1 filing for all the details.

SPONSORED BY COMPARE CREDIT The Gift That Gives Back They say it’s better to give than to receive...  But when you discover a credit card that lets you give and receive this holiday season, you throw that proverb out the proverbial window. Not only do these cards get you 0% intro APR until 2022 on new purchases, you can easily earn $200 bonus cash or up to 5% cash back at places like Amazon.com, Target.com, and more. That means you can get gifts for everyone this holiday season—and we mean e-v-e-r-y-o-n-e.  People like: Your astrologist Your second cousin (twice removed) Your boss Your favorite newsletter writers And...YOURSELF!!! The list goes on—as it should, because you’ve got the only card you need to make everyone but your boss happy this holiday season. Now, get gifting already.

PUBLISHING The Book Industry: Thanks, Obama

Giphy Barack Obama's latest memoir, A Promised Land, goes on sale today. It's the first of two volumes in which the former president looks back on his years leading the country. The release comes at a rough time for booksellers. The pandemic disrupted supply chains, halted live events like book signings, and forced many IRL shops to move sales completely online.  The famous Strand bookstore in NYC said sales dropped 70% from last year.  It hasn't been universally bad. With more drama at the White House than in Westeros, Trump-focused titles like Bob Woodward's Rage and Mary Trump's Too Much and Never Enough topped nonfiction bestseller lists in what's on track to become a record year for politics books. A Promised Land should juice the trend. Obama's publisher, Crown, is printing 3.4 million copies in the U.S. and Canada and 2.5 million overseas, reports the NYT.  The big question: Will Barack top his wife Michelle's 2018 memoir, Becoming, which has sold 14+ million copies globally? We hear there's a steak dinner on the line.

REGULATION Jay Clayton Joins Will Muschamp in Leaving the SEC In your not-so-exciting-but-still-important news of the day, Jay Clayton is stepping down as chairman of the Securities and Exchange Commission (SEC) after three and a half years in charge of the financial regulatory agency.  Clayton's highlight reel His flashiest moments include suing Elon Musk in 2018 after Musk proclaimed, via Twitter, that he was going to take Tesla private, as well as accusing former Theranos CEO Elizabeth Holmes of fraud. And while progressives criticized the Trump appointee for being too chummy with Wall Street, Clayton did pursue 3,152 financial enforcement cases, more than his Obama-era predecessor, and awarded a record $175 million to 39 individual whistleblowers over the past fiscal year. Who's taking his place? Hester Pierce, an "ultra-conservative ranking Republican commissioner," will likely take over as interim chairwoman until Biden takes office, according to Reuters.  Looking ahead...top candidates for the role under Biden will probably resemble Miss Trunchbull more than Ned Schneebly when it comes to Wall Street oversight.

SPORTS Ted Lasso's Got Company

Wrexham AFC on Twitter Blake Lively's husband and notable Canadian, Ryan Reynolds, has teamed up with It's Always Sunny in Philadelphia co-creator Rob McElhenney to buy the Welsh soccer team Wrexham AFC. We swear it's not a joke: The celeb duo acquired the team for $2.5 million after an overwhelming vote of approval by the club's board.  Get to know Wrexham  Although currently languishing in the fifth tier of English professional soccer, Wrexham has a rich history. Its stadium is recognized by Guinness World Records as the oldest in the world, and the team famously beat Arsenal in the 1992 FA Cup.  Fans are pumped. Chris Jones, a member of Wrexham's supporters' trust, told the AP, "This is the absolute dream. We've always said we needed people who have hundreds of millions to come and buy the club."  Bottom line: If two actors buying a historic-but-downtrodden club to return it to its former glory sounds like it's straight out of Hollywood, you'd be correct. Reynolds and McElhenney plan to produce a behind-the-scenes TV series documenting their experience owning the club.

WHAT ELSE IS BREWING Record exec Scooter Braun sold the master rights to Taylor Swift's first six albums to private equity firm Shamrock Capital for a reported $300+ million.  Universal and Cinemark agreed to significantly shorten the "theatrical window" to just 31 days. Home Depot is buying HD Supply, a building products distributor and its former subsidiary, in a deal worth $8.7 billion.  Tech CEOs Mark Zuckerberg and Jack Dorsey will face lawmakers today who are angry the companies slowed the spread of a disputed NY Post article about Hunter Biden. Jeff Bezos named the first 16 grant recipients of his $10 billion Earth Fund. Bird, the e-scooter startup, is reportedly considering going public via SPAC.

SPONSORED BY THE MOTLEY FOOL This 5G prediction has us ditching our tin foil hats. The Motley Fool’s been monitoring this new tech for a while—they think it could even be bigger than the dot-com boom—and they just issued a buy alert for a 5G stock that’s putting out some serious positive signals. Sign up to learn more.

BREW'S BETS Tech Tip Tuesday: Match the color of any image using this uploader, and resize/crop GIFs here. Shaking things up: Actually, don't with this product. Pepsi redesigned its 2-liter bottle after 30 years, and...well, see for yourself. The final marketing jobs guide is here: Get the inside scoop on how to land a marketing position at a publisher, courtesy of Marketing Brew and industry experts. Cool conference: The NYT's DealBook summit is a marathon of live interviews with top global CEOs and other A-listers. This year, it's virtual, free, and definitely worth checking out.

GAMES What's Trending Welcome back to an annual Morning Brew tradition. Every year around this time we show you this chart from Google Trends and ask: What's the search term displayed here?

Google Trends

SHARE THE BREW Enjoying the Brew? Consider sharing it with a friend. When you do, we don’t just give you a pat on the back and say, “Well done old sport.” You earn rewards like our classic coffee mug or T-shirt. Hit the button below to start sharing the Brew. Click to Share Or copy & paste your referral link to others: morningbrew.com/daily/r/?kid=a17a7110

ANSWER

Friendsgiving. If you got it wrong...there's always next year.

November 17, 2020

View Online | Sign Up

 

Columnists No Matter What Happens…Trumpism Is Here to Stay and I’m a Proud Supporter Matt Vespa Hey Conservative Billionaires, Step Up Already Derek Hunter What American Schools Should Teach About Race, Racism and Slavery Dennis Prager It’s Easy to Conquer Countries Where the Army Is Wearing Evening Gowns and High Heels Todd Starnes When the NFL Plays Politics, Small-Business Owners Get Tackled, Too Salena Zito Why the Media Trash Trump's Superrecovery Stephen Moore Government Needs to Own Up to Its Opioid Failures Ken Blackwell Liberty and Thanksgiving Bill Murchison Active Lame Duck Sessions of Congress Undermine Democracy Judson Phillips ADVERTISEMENT Who Needs Faith Advisers? Cal Thomas Post Election Kevin Roberts Biden’s ‘Build Back Better’ Plan Is Central Planning on Steroids Chris Talgo Government Transparency Should Not be Controversial Duggan Flanakin To Keep Drug Costs Down and Fairness Up, Stop the Abuses of 340B Peter Pitts This Election Is an Opportunity to Discover the Amount of Cancer in the Body Politic Jeff Utsch 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 A Dismal Future For China? Bernie Sanders' Disturbing History Of Praising Communism Frontera Announces Agreement to Resolve Outstanding Transportation Disputes in Colombia | Personal F Renewed Bullish Confidence Shores up BDC Sector - Bryan Perry Trump Vs. Biden On The Minimum Wage These Doctors Say We Need To Fully Reopen The Economy Now. Are They Right?

Tipsheet Thousands of Previously Uncounted Ballots Found in Georgia County After Statewide Recount Leah Barkoukis While Newsom Locked CA Down, Legislators Were Jet-Setting to HI Beth Baumann It Looks as Though Dominion, Smartmatic Played a Part in DHS' Election Defense Beth Baumann Tucker Carlson Addresses Questions About His Future at Fox News Leah Barkoukis Former NFL Player Burgess Owens Successfully Flips Utah's 4th Congressional District Beth Baumann 'Three Wrong Counts In Three Minutes': Georgia Recount Auditor Says Things Aren't Adding Up Beth Baumann WATCH: GOP Senate Arm Ties Ossoff and Warnock to Violent Protests Reagan McCarthy WaPo's Editorial Board: It's Time to End Election Protections for Rural America Beth Baumann Cuomo Dishes Out Advice on Leadership He Really Should've Taken Himself Leah Barkoukis Gov. Newsom Triggers 'Most Restrictive' COVID Tier Cortney O'Brien ADVERTISEMENT Political Cartoons Bearing Arms 172-Million Reasons Why Biden's Gun Ban Is Unworkable | Cam Edwards Biden Presidency Expected To Boost Gun Sales | Tom Knighton Study Claims Gun Law Changes Led To Increased Suicides | Tom Knighton St. Louis Murders Show Why Cracking Down On Legal Gun Owners Isn't The Answer | Cam Edwards Illinois Activists Still Pushing To Defund Police | Cam Edwards

	FOX Daily update ⋅ November 17, 2020
	NEWS
	The damage being done by Fox News Poynter There's no other way to put this: The type of rhetoric put out by some of the Fox News and Fox Business personalities is dangerous. Rupert Murdoch in ... Flag as irrelevant
	Trump turns on Fox News NNY360 Fox News faces an array of challenges after President Donald Trump leaves office: a potential ratings decline, Trump's tweets attacking the network, ... Why Joe Biden Must Sideline Fox - Crooked Full Coverage Flag as irrelevant
	Trump hits back at WaPo over report saying campaign scrapping key part of Pennsylvania lawsuit Fox News Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. President Trump and his team are pushing back against reports that ... Trump supporters hit with fireworks at restaurant after MAGA march - Fox News Full Coverage Flag as irrelevant
	How long can GOP dance the two-step? Fox News **Want FOX News Halftime Report in your inbox every day? Sign up here.** On the roster: How long can GOP dance the two-step? - I'll Tell You What: ... Flag as irrelevant
	Fox News's 'partisan right' audience on YouTube is dropping, researchers say. The New York Times In September and October, Fox News's YouTube channel had about a 17 percent share of all views on what Transparency Tube calls “Partisan Right,” ... Flag as irrelevant
	Fox News Anchor Seemingly Buys Into Trump's Debunked Dominion Conspiracy: 'Sounded ... Daily Beast Fox News Anchor Seemingly Buys Into Trump's Debunked Dominion Conspiracy: 'Sounded Convincing'. BASELESS. Hemmer lending credence to ... Flag as irrelevant
	Tucker Carlson Reassures Fox News Viewers That He's Not Going Anywhere Daily Beast “Over the weekend, we got a lot of calls asking if we're leaving Fox News,” the primetime star said, adding that he is currently working on a “project” ... Flag as irrelevant
	Fox News Anchor Debunks Trump's Vote Fraud Claims: 'False Claims Are an Insult' PEOPLE.com Must watch! After Maria Bartiromo devoted her entire show this morning to promoting Trump's Dominion conspiracy, Fox News anchor Eric Shawn ... Flag as irrelevant
	Residents tell Atlanta police rise in crime makes them sick and tired Fox News Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. People who have made Atlanta their home are telling the police that ... Flag as irrelevant
	Fox Nation to pledge $5 to Answer the Call for every new subscriber ahead of Patriot Awards Fox News Fox Nation will hold its second annual Patriot Awards in a virtual setting this Friday, showcasing some of America's hidden heroes who have shown ... Flag as irrelevant
	WEB
	Fox Business - Astronauts provide a tour aboard the Crew... Facebook Fox Business was live. 7 mins ·. Astronauts provide a tour aboard the Crew Dragon Capsule. Courtesy: NASA TV. 54K Views. 257 Likes39 ... Flag as irrelevant
	Concord Discount Tire employee killed during standoff identified by police FOX 46 Charlotte (FOX 46 CHARLOTTE) – Concord Police have identified 27-year-old Terrence Cabilin Wallace of China Grove as the man who was shot and killed at ... Flag as irrelevant

Today's Top Headline

Government furthers investigation into Tesla camera failures

‘Don’t Go to a Big Family Thanksgiving’: Teacher’s Harrowing Tale of COVID False Negative Goes Viral

Sponsored

Check Out The Permanent Solution to Clogged Gutters...

Trending

Hillsong announces investigation of NYC church after firing of celebrity pastor

US records 1 million COVID-19 cases in a week; governors crack down

Top Al Qaeda operative was tracked and killed by US and Israel

EU, UK enter tension-filled week seeking post-Brexit deal

  In Case You Missed It...

>> Abolish the Electoral College?

>>  Obama to Trump: 'Your Time is Up'

>> Trump: 'I Concede Nothing'

Good News for Those Who Cherish the 2nd Amendment

Do you believe in the 2nd Amendment? Do you believe it's a fundamental right that shouldn't be restricted? If so >>> CLICK HERE

When pressed on claim Sen. Graham sought to throw out legal ballots, Georgia’s sec of state fails to deliver Ariz Rep. Biggs calls for audit of every ballot cast in Maricopa County: ‘Leave no stone unturned’ Ted Cruz rips Dem Sen for acting like a ‘complete ass’ after spat over mask wearing erupts on House floor Chris Cuomo loses it over Dr Atlas’ advice to celebrate Thanksgiving: ‘What the hell are you doing here?’ Washington Post editorial board says the Electoral College ‘no longer tenable for American democracy’ Gov. Newsom announces another crushing lockdown as Calif. lawmakers jet off to Maui Epstein attorney reportedly had prior relationship with prosecutor who helped negotiate sweetheart deal Tucker Carlson addresses viral rumor he’s leaving Fox News: This show is only getting bigger Is Paul Krugman the world’s wrongest economist? Potential Biden administration mulls sweeping changes regarding student debt Is it actually legal to move to Georgia to vote in its January runoff? Top Dems Blame Facebook & Google Ban on Political Ads for Lackluster Election   According to RealClearPolitics, Democrats have won 221 seats, a loss of eight, in the House of Representatives and Republicans, 209, a gain of nine. Five races have not been called. Of those, one or two may wind up in the blue column and three to fou[...]   Read More You Might Like Obnoxious BBC reporter humiliated: ‘Your country’s opinion stopped mattering in our country in 1776’ ‘Everybody eats plenty’: ‘Southern’ girl compares socialism to a potluck, gets best education of her life More Top Stories     Conservative Journalist Successfully Sues State of Minnesota for Access to Coronavirus Briefings Read More   Dark and Dangerous World, Much Worse Under Trump and the GOP Read More   Police Chief Fired After Charges Dropped in Confederate Vandalism Case Read More Home  Contact us  Curation Policy   DMCA Policy   Terms of Use   Unsubscribe © 2020 PatriotsNews.Com | All rights r

er: ‘Christmas Is Probably Not Gonna Be Possible?’

Even A Military-Enforced Quarantine Can’t Stop The Virus, Study Reveals

Trump campaign claims WaPo report that part of PA lawsuit is ‘fake news’

Popular conservative site gets deplatformed by internet giant

The Brief Podcast: Democrats Claim Going To Court Is A Threat To Democracy

Americans deserve answers.  Biden should demand it.  If he doesn’t, millions of voters will always wonder if this electi [...]

Read More

Latest News