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Good morning. Who knows what today will bring, but the main theme from yesterday's news? Light at the end of the tunnel.

MARKETS NASDAQ 11,897.97 + 0.02% S&P 3,603.28 + 2.67% DJIA 29,583.33 + 4.45% GOLD 1,865.00 - 4.44% 10-YR 0.957% + 14.20 bps OIL 40.40 + 8.78% *As of market close Markets: Stocks boomed after Pfizer's early-morning vaccine announcement. The S&P and Dow closed short of a record high.  Energy: Oil had its best day in six months for the same reason. Remember, at one point in the spring oil prices went negative because no one wanted to take possession of the stuff.

HEALTHCARE The Shot Felt Round the World

Francis Scialabba Yesterday morning, Pfizer said its Covid-19 vaccine was over 90% effective in late-stage clinical trials. The news exceeded the expectations of health officials like Dr. Fauci, signaled a new hope for controlling the pandemic, and finally gave us grounds for 7am Monday mimosas. The mRNA vaccine, developed with Germany's BioNTech, targets spike proteins, which the coronavirus uses to latch onto human cells.  The trial: Over a three-week period, researchers administered two vaccine doses to 43,538 volunteers; around half received the vaccine, the other half placebos.  The results: Across all participants, Pfizer logged 94 total Covid-19 cases, with a 90% effectiveness rate for the vaccinated group. There were some side effects, but it doesn't look worse than a flu shot. Still, time for the disclaimers part of this program: Results haven't been peer-reviewed, and the study is ongoing. Pfizer will wrap it up after reaching 164 positive cases.  We don't know if the vaccine prevents asymptomatic transmission or severe Covid cases that cause hospitalization.  Next steps The FDA needs follow-up data to make sure Pfizer's vaccine isn't making participants grow tails. The company hopes to have that ready as early as next week and could seek "emergency use" approval from the FDA after.  If it gets it, Pfizer says it can produce 50 million doses by the end of 2020 and 1.3 billion in 2021. However, each patient requires two doses, so cut those numbers in half for how many people may actually receive it.  The U.S. would need 375 million doses to cover 75% of its adult population. The government already secured 100 million for $2 billion. Approval isn't the only roadblock. Pfizer's product is harder to move around than an octopus ice sculpture. The vaccine must remain at -94°F, which limits where it can be transported. Moderna's vaccine, widely viewed as the next-most-promising candidate, can sit out at a relatively balmy -4°F.  Big picture: Besides potentially turning economic forecasts upside down and putting the prospect of a first date back on your 2021 schedule, Pfizer's announcement shows a vaccine could be more effective than the 50% bar set by the FDA. More effective = more people willing to go get it. And an effective vaccine can't come fast enough. Yesterday, the U.S. passed 10 million Covid-19 cases as President-elect Joe Biden urged Americans to practice social distancing and wear masks.

STOCKS Looking at the Market Yesterday

Know Your Meme Pfizer's promising vaccine news sent shockwaves through financial markets, turning pandemic darlings into nightmares and forgotten clunkers into emergent stars.  Biggest gainers No stocks reacted better to the news than the beaten-down travel, entertainment, and real estate industries.  Cruise operator Carnival Corp rose 39%, AMC Theaters jumped 51%, and SL Green, the largest office owner in Manhattan, closed up 37%.  The airline exchange-traded fund, JETS, soared 16%. Medical implant makers and dental stocks also had a great day, as investors predicted that patients needing non-essential medical procedures would soon return to the operating table. Some didn't take it as well... Peloton (-20%), Zoom (-17%), Etsy (-17%), and Clorox (-11%)—all companies that benefited from the sweeping social changes brought on by the pandemic—came crashing down.  Zoom out: While Pfizer's vaccine appears to speed up timelines, there's still a ways to go before we control the pandemic and any of these violent intraday swings solidify into long-term trends.

FASHION It’s All in the Font

Toby Howell Supreme, a brand that has gotten more mileage out of a simple red and white color scheme than Santa himself, was acquired by VF Corp yesterday for $2.1 billion.  What that $2.1 billion is getting: Supreme is not your typical multi-billion dollar brand with a scant brick-and-mortar footprint and limited distribution. It's built a cult following by expertly hyping its merch drops, mainly through its social media channels.  Supreme, which does 60% of its sales online, will play a key role in what VF CEO Steve Rendle calls a "hyper-digital business model transformation."  Is it a good match? VF Corp, which also owns Vans, The North Face, and Timberland, is confident that its existing expertise in the athletic-activewear and streetwear space will keep the Supreme brand "cool," but others in the retail industry aren't so sure. Web Smith, writer of the e-commerce newsletter 2PM, argued in a tweet that "Supreme's ownership chose mass distribution" when it should have focused on enhancing the brand's powerful "mystique."

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LEGAL It's All in the Robes

Pixabay Will the third time be the curse for the Affordable Care Act? The 2010 healthcare bill, aka Obamacare, is facing the Supreme Court once again.  The case: California v. Texas centers around the "individual mandate," an ACA provision requiring Americans to get health insurance or pay $695+ in taxes. The mandate survived a 2012 challenge on the grounds that Congress was within its rights to levy taxes, but in 2017, a Republican-majority Congress reduced the tax penalty to $0. The latest plaintiffs, 18 red states led by Texas, argue that the zeroed-out mandate is unconstitutional because it's no longer a tax. As a result, they want the entire ACA gone.  A federal district judge agreed, it got appealed, and now the defendants (20 blue states led by California) want the Supreme Court to step in.  Will they? The addition of Amy Coney Barrett gave the Supreme Court a 6–3 conservative majority, but it's not clear whether conservative judges will agree with the plaintiffs' reasoning.  Zoom out: Repealing the ACA is controversial because, without a replacement, an estimated 20 million people could lose health insurance and 135 million with preexisting conditions could lose protections—something politicians on both sides want to avoid.

FOOD McDonald's Gets Down With Photosynthesis 2020 has revealed some "must-haves" for businesses: Entertainment companies need a streaming service, social media sites need Stories, and fast food chains need a plant-based burger. McDonald's finally caved to peer pressure yesterday, saying it will launch a new plant-based meat line, the McPlant, in some markets next year.  McDonald's will join rivals like Burger King (Impossible Whopper) and Dunkin' (Beyond Sausage) in changing its menu to match increased consumer demand for veggie alternatives. Zoom out: McDonald's, which beat earnings estimates last quarter, is pursuing a strategy that shows business is less about creating magic from scratch and more about borrowing ideas and making them your own. It's launching a long-awaited loyalty program (pioneered by Starbucks) and planning to roll out a crispy chicken sandwich in the style of Popeyes.  + While we're here...shares in Beyond Meat, the company that co-developed the McPlant patty, cratered more than 20% after hours following a bad earnings miss.

WHAT ELSE IS BREWING Senate Majority Leader Mitch McConnell did not recognize Joe Biden as president-elect yesterday and said President Trump is “100% within his rights” to conduct legal inquiries into election results.  The EU said it would impose tariffs on up to $4 billion of U.S. goods in retaliation for illegal aid given to Boeing. It also said it's hopeful for better trade relations when President-elect Joe Biden takes charge of the White House.  The FDA granted emergency use authorization to Eli Lilly's monoclonal antibody treatment for Covid-19, bamlanivimab. SoftBank's Vision Fund posted a $7.6 billion profit last quarter, but four directors resigned from the tech conglomerate's board in a governance shakeup.  Marketers are focusing on the pandemic in their holiday campaigns, according to Reuters.

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BREW'S BETS Tech Tip Tuesday: So you want to buy a new Xbox or PlayStation...but can your TV even render their graphics? Find out if your TV can handle new gaming consoles and then browse the best TVs for gaming. Lazy fare: 12 top-notch frozen pizzas to keep in your freezer, as seen in our recommendations newsletter, The Essentials. Slightly less lazy: This spicy infographic features nine DIY spice blends. Marketing jobs: In Part 3 of our series on how to land a marketing job during a pandemic, we walk you through best practices for getting a gig in PR and comms. Read up here.

GAMES Treevia The current human population is 7.8 billion. If you had to estimate, how many trees are there worldwide?

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ANSWER

The most recent estimates say there are about 3 trillion trees on Earth, so about 400 trees for every person.

November 10, 2020

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Columnists The Simple Reason Why I Won’t 'Unite' with Joe Biden Matt Vespa Joe Biden Is Hitler and Needs to Be Impeached Immediately Derek Hunter Thoughts in a Dark Time Dennis Prager The Red Wave No One Saw Coming Salena Zito HHS Secretary Azar Secures Trump Healthcare Victory Ken Blackwell Election – Not Over Yet Robert Charles Equality Babble Bill Murchison Bipolar America Cal Thomas Could General Patton Have Prevented the Cold War? Kevin Mooney ADVERTISEMENT Restricting Immigration Makes Americans Richer, Not Poorer Shakil Hamid The Threat to Free and Fair Elections Is Real. I Saw It. Rick Tiseo Conditions Ripe for Voter Fraud? M.D. Kittle 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 Why We Should Be More Afraid Of Kamala Harris Than Joe Biden I Was Wrong About Jerry Falwell, Liberty U, And COVID-19 APRU Releases AI for Social Good Report in Partnership with United Nations ESCAP and Google | Person Dave Says: In No Uncertain Terms, Stop Borrowing Money Global law firm PGMBM opens new office in Miami, starts with prestige hires Ferrari and Kushner | Pe A Victory For Biden, A Defeat For The Left

Tipsheet Biden's Lead in Arizona Shrinks Leah Barkoukis Well, A Co-Host on The View Offered 2020 Election Remarks That’s Gaslighting at Its Best Matt Vespa Did Tucker Carlson Take a Swipe at Other Fox News Hosts During Monologue on Voter Fraud Allegations? Matt Vespa Sen. Manchin Distances Himself Further From His Party: I Won't Vote for These Items Beth Baumann Fox News Just Made Another Horrible Decision Regarding Their 2020 Election Coverage Matt Vespa Three Reasons to Remain Hopeful About Trump’s 2020 Vote Count Challenges Matt Vespa All Wrong: Stelter and Darcy Believe They Know Why Trump Refuses to Concede Beth Baumann AG William Barr Green Lights a DOJ Probe Into Allegations of Voter Fraud Beth Baumann Here We Go: Trump Campaign Slaps PA Officials with Ballot-Related Lawsuit Beth Baumann GOP Attorneys General Ask Supreme Court to Reverse Pennsylvania Court's Decision on Mail-in Ballots Reagan McCarthy ADVERTISEMENT Political Cartoons Bearing Arms Open Houses & Concealed Carry: Realtors Embrace 2A Rights | Cam Edwards Two GA Men Guilty Of Trafficking Guns, Drugs In Girl Scout Cookie Box | Tom Knighton Georgia Elections Are The Key To Biden's Gun Ban Plans | Cam Edwards Med School Students Taught Guns As Public Health Issue | Tom Knighton 19-Year Old Charged For Giving Rifle To Kyle Rittenhouse | Cam Edwards

Republican In Michigan Goes From Loser To Winner After ‘Technical Glitch’ Fixed. Officials Urge ‘Confidence’ In System. Read now »

McConnell: We’ll ‘Have No Lectures’ From Those Who Spent 4 Years ‘Refusing To Accept’ 2016 Election Read now »

AG Barr Authorizes Federal Prosecutors To Pursue ‘Substantial Allegations’ Of Voting Irregularities, Report Says Read now »

Report: In 353 U.S. Counties, 1.8 Million More Voters Registered Than Eligible Citizens Read now »

Megyn Kelly Rips Biden, Others For Pushing ‘Unity’ After Demonizing Trump Supporters For Years: ‘You’re Out Of Touch’ Read now »

 

  The Recount on Twitter: "Watch Fox News cut away from Press Sec. McEnany: https://t.co ...

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Fox News just cut away from @PressSec, saying the network could not in good conscience continue to air her false claims, for which she has provided ...

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	FOX Daily update ⋅ November 10, 2020
	NEWS
	The long love affair between Fox News and Trump may be over. Here's how it all soured last week. Washington Post The last day of Donald Trump's 2020 presidential campaign began just after 7 a.m., as polls opened on the East Coast, with a call to “Fox & Friends,” ... Of Course Fox News Is Fueling Trump's Election Denialism - Vanity Fair Trump election dead-enders have a home on Fox News and right-wing radio - CNN Full Coverage Flag as irrelevant
	Fox News, Other Murdoch Outlets Begin Diverging From Trump As Presidency Slips Away Forbes In recent days, Fox's news anchors and reporters have routinely acknowledged Biden's status as president-elect and said Trump's voter fraud claims ... Fox News cuts away from Kayleigh McEnany news conference after she alleges vote fraud with no ... - Washington Post Fox News cuts away from Trump campaign press conference: 'Can't in good countenance continue ... - USA TODAY Fox cuts away from McEnany press conference - The Hill Full Coverage Flag as irrelevant
	'What is happening?': A Fox News anchor frowns and rolls her eyes while a guest questions the ... Business Insider The Fox News host Sandra Smith frowned and rolled her eyes off the air while a panelist told another network host that "just because" the media "says ... Flag as irrelevant
	Ed Henry rape accuser adds more claims about when Fox News learned of his alleged misconduct USA TODAY “There were no sexual harassment claims against Ed Henry at Fox News prior to Jennifer Eckhart's claim on June 25, 2020,” the network's statement to ... Former Fox News star Ed Henry was well-known 'sex addict,' suit claims - New York Daily News Full Coverage Flag as irrelevant
	Michael J. Fox warns Lil Nas X to avoid 2020 CNN (CNN) A teaser trailer for Lil Nas X's upcoming Christmas song "Holiday" debuted Sunday -- with a cameo from Michael J. Fox. In a nod to "Back to the ... Flag as irrelevant
	Trump could launch his own Fox News competitor, but it won't be easy Quartz According to several news outlets, Trump's camp is furious with the conservative cable news network Fox News for projecting Joe Biden would win the ... Flag as irrelevant
	Fox News Has A Problem. Its Name Is NewsMax TVRev Now granted NewsMax's viewership is tiny compared to Fox's and it's not exactly a start-up–the website was launched in 1998 and the TV service in ... Flag as irrelevant
	Kayleigh McEnany Watch: Now, even Fox News is cutting away from the Trump circus Washington Post Wrong: Trump didn't win in a squeaker or a landslide. He lost, as major television networks — including home-base Fox News — declared on Saturday ... Trump reportedly 'railed about Fox' more than election results - Yahoo News Full Coverage Flag as irrelevant
	Fox Developing Hybrid Animated/Single-Cam Comedy 'Demi-God' From Katie Greenway Deadline Earlier this year, Fox's President of Entertainment Michael Thorn told Deadline that animation was a “key part” of its business and it wants to build on this ... Flag as irrelevant
	Cal expects to make strides in coach Mark Fox's second year WTOP They're back at it now, furiously playing catch up as Fox also tries to finalize a competitive nonconference schedule. Most second-year coaches expect ... Flag as irrelevant
	WEB
	Houston police sergeant shot and killed in North Houston, search for suspects underway FOX 26 Houston Houston Police Sgt. Sean Rios, 47, leaves behind several family members, including his four children. Flag as irrelevant

GOP to Barr: Probe the Vote Fraud. Graham: If Dems

Tue, 10 Nov 2020 12:24:54 +0000

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