Monday, December 14, 2020

BREW AND HEADLINES

NATIONAL STORIES
Presidential electors are meeting across the United States on Monday to formally choose Joe Biden as the nation’s next president
Electors to meet Monday to formally choose Biden as next president »

An internal review of the 2020 Iowa caucuses found that the reporting app used in February was largely successful and that the main source of delay in reporting results, as well as other mishaps, was intervention by the Democratic National Committee.
Review largely blames Iowa caucus problems on Democratic National Committee »
A subpoena seeking documents from Hunter Biden asked for information related to more than two dozen entities, including Ukraine gas company Burisma, according to a person familiar with a Justice Department tax investigation of President-elect Joe Biden's son.
Hunter Biden subpoena seeks info on Burisma, other entities »

A federal judge Saturday dismissed President Donald Trump's lawsuit asking the court to have the Republican-controlled Wisconsin Legislature pick the state's 10 electors.
US judge dismisses President Trump lawsuit asking for Wisconsin Legislature to pick electors »
 
 
REGIONAL STORIES
We took a look at how each county voted in the election and looked at where each candidate made gains compared to the 2016 presidential election.
Interactive county-by-county maps show how Mississippi voted in 2020 election »

Mississippi voters cast their ballots Nov. 3 in the general election.
Mississippi general election results: November 2020 »

Sandra Strain has announced her candidacy to fill a seat on the Madison Board of Aldermen left vacant by the death of her husband.
Madison alderman's widow runs to fill his seat »

The ballots in Mississippi are still being tabulated, but the vote count is not expected to take as long as other states.
Governor says every Mississippi ballot will be counted »
 

Daily Brew

TOGETHER WITH

Quick Base

Good morning and welcome back to the week. We saw this thought exercise on Twitter this weekend, and it just might be the most impossible question ever asked. Pick your favorite:

  1. Snowing outside, Netflix, fireplace, hot cocoa
  2. Sunny and 70°, windows open, cleaning, baking cookies
  3. Sunny and 90°, in the pool, grilling, drinking iced tea
  4. Sunny and 55°, leaves falling, sitting outside, reading a book

Btw, the correct answer is d. 

MARKETS YTD PERFORMANCE


NASDAQ

12,377.87

+ 37.95%

S&P

3,663.46

+ 13.39%

DOW

30,046.37

+ 5.28%

GOLD

1,843.50

+ 21.28%

10-YR

0.906%

- 101.40 bps

OIL

46.56

- 23.93%

*As of market close

  • Brexit: The EU and the UK agreed to extend trade negotiations, and this thing is officially dragging on longer than a college graduation ceremony. Their joint statement sums up the situation well: "Despite the exhaustion after almost a year of negotiations, despite the fact that deadlines have been missed over and over, we think it is responsible at this point to go the extra mile."
  • Stocks: You won't see it in the chart above, but the small-cap Russell 2000 is outperforming the S&P 500 this year (up 15% vs. 13%). Companies like Macy's, Spirit Airlines, and Denny's have been driving the index higher this month. 

Jeff Kowalsky/Getty Images

Yesterday morning, about 36 hours after the FDA granted emergency authorization, the first truck carrying Pfizer-BioNTech's Covid-19 vaccine departed Kalamazoo, MI. Altogether, around 3 million doses will snake their way to 636 distribution centers across the country in the coming days.

  • UPS and FedEx, which are handling last-mile deliveries, will drop off extra dry ice for recipients, and medical supplier McKesson will deliver syringes, alcohol pads, and other supplies. 

The vaccine requires two shots a month apart, so officials are saving the second half of the ~6.4 million doses planned for the first wave to send out in a few weeks. 

Bingo nights could return soon

Most states are expected to follow CDC guidance and vaccinate healthcare workers and staff and residents of long-term care facilities first. Next week, CVS and Walgreens pharmacists will begin vaccinations at 75,000 long-term care facilities in most parts of the country, a process CVS estimates will take 9–12 weeks. 

The FDA warned that people with a history of severe allergic reactions to the vaccine's components should wait. And it'll still take months to produce enough doses to cover other high-risk groups (like the elderly, essential workers, and people with underlying conditions), let alone the broader population.

The remaining challenges

Spoilage: Pfizer's vaccine needs to maintain -94°F, and although the company has equipped shipping containers with dry ice and GPS-enabled temperature sensors, it's expected that some doses won't survive the journey. 

Supply chain: In 2009, delivery timetables for the swine flu vaccine shifted regularly. The same hurdles are expected this time around: Each batch manufactured in a different facility must be tested for quality control, which takes time. And packaging, dry ice, glass vials, and other materials face their own supply chain constraints. 

Funding: State health officials asked Congress for $8.4 billion to help pay for staff to administer vaccines and track data. So far, they've received $350 million.

Looking ahead...on Thursday, the FDA is scheduled to review Moderna's vaccine, which was about as effective as Pfizer's in clinical trials. It's expected to get approval. 

        

Jessica Mcgowan/Getty Images

The runoff races in Georgia are set to become some of the most expensive Senate campaigns in history, per AdImpact data cited by the Financial Times.

The backstory: The races, which remain undecided from Election Day in November, pit Republicans Kelly Loeffler and David Perdue against Democrats Raphael Warnock and Jon Ossoff, respectively. The stakes are high: If the GOP can hold onto one of those seats, they'll eke out a majority in the Senate and be in a better position to push back on President-elect Joe Biden's agenda. 

With lots on the line, the race has drawn interest (and $$$) from corporate America. 

  • On the GOP side, Blackstone's Stephen Schwarzman and Citadel's Ken Griffin are among the top donors to a political action committee (PAC) linked to Senate Majority Leader Mitch McConnell.
  • Netflix CEO Reed Hastings contributed $500,000 to a Democratic PAC, but the party is focusing more on small-donor support. Its online fundraising platform processed nearly $112 million in donations from Nov. 4 to Nov. 23 (the GOP equivalent processed $55.6 million).

Looking ahead...the vote is scheduled for Jan. 5, but in-person early voting starts today.

        

MARKET

IPNo

This weekend, gaming platform Roblox and fintech startup Affirm postponed their highly anticipated IPOs until early 2021, the WSJ reports. Not what you were expecting after Airbnb’s and DoorDash's graph-smashing debuts last week?

Actually, some investors are worried the IPO market is a little too hot right now. 

  • BlackRock CEO Larry Fink: Recent prices are "unsustainable" and "there are going to be many accidents."
  • Famed venture capitalist Bill Gurley: "Two high-profile companies voluntarily delay their IPO because broken process repeatedly creates massive mispricings that come from pockets of company's founders, employees, & shareholders."

Affirm and Roblox were hoping for valuations as high as $10 billion and $8 billion, respectively. Recent IPO trends may lead them to sell more shares or price them differently.

Big picture: The pandemic has been kind to tech IPOs. Three of the biggest ever in terms of capital raised took place this year (Airbnb, DoorDash, and Snowflake). Valuations relative to revenue are the highest since the dot-com bubble. And even companies that make no money are soaring: At least three electric vehicle companies worth more than $2 billion have no revenue.

        

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Giphy

Brian Baumgartner, the actor who played Kevin on The Office, will make more than $1 million on celebrity booking site Cameo this year, CEO Steven Galanis revealed on the podcast, Sway. That makes him the platform's top earner of 2020.

Baumgartner has been successful, Galanis says, because he "takes a lot of pride in his craftsmanship of the videos." And he works hard. Since he charges $195/video, we estimate Baumgartner will have averaged at least 14 videos per day in 2020. 

Here are a few other juicy details about Cameo:

  • YouTuber David Dobrik is the most-requested celebrity that's not on the platform. He's requested "way more than a Beyonce or a J. Lo.," said Galanis.
  • But Galanis thinks President Trump would crush Dobrik if he joined Cameo. Fifteen Trump impersonators have collectively done $3.2 million this year in gross merchandise value.
        

Giphy

Electoral college: Today, the 538 members of the Electoral College will officially cast their votes for president and vice-president. Joe Biden is expected to get 306 electoral votes to President Trump's 232 (270 is the threshold for victory).  

Tesla gets promoted: On Friday, Elon Musk's $578 billion electric automaker will join the S&P 500 index. And it's going to be a wild scene—investors could trade more than $50 billion in a matter of minutes to make room for Tesla in their portfolios.

Fed meeting: The U.S. central bank will meet for the final time this year on Tuesday and Wednesday. What's the buzz? That the Fed could announce a tweak to its bond-buying program, shifting more focus to longer-dated Treasuries in order to keep yields down. So, yeah, not a lot of buzz.  

Everything else:

  • Christopher Nolan's Tenet will be released digitally on Tuesday.
  • A major snowstorm could hit the East Coast mid-week.
  • Friday is National Ugly Sweater Day.
        

WHAT ELSE IS BREWING

  • Hackers accessed email systems at the Treasury and Commerce Departments in a major espionage operation that also included the recent attack on cybersecurity firm FireEye. Early signs point to Russia.
  • Cleveland's baseball team will change its name from the Indians, according to the NYT. It could make an announcement as soon as this week.   
  • AstraZeneca, the British pharma giant, is buying U.S. drug company Alexion Pharmaceuticals for $39 billion in a bet on immunology. 
  • Germany is tightening restrictions from Wednesday through Jan. 10 to combat a rise in Covid-19 infections. 
  • Virgin Galactic aborted a manned spaceflight on Saturday after an engine failed to fully ignite.
  • A Brew original: What Sony buying Crunchyroll means for the growing anime industry. 

BREW'S BETS

Let's track the tech giants. Our CEO, Alex Lieberman, covers an array of topics with guests from Fidelity in the limited podcast series, Fresh Invest. In the latest episode, Alex and Heather Knight talk quarterly earnings reports of our favorite techies. Tune in today.*

Last chance for free cosmetics? LAST CHANCE?! Ok, breathe. It’s just that this holiday gift set includes a best-selling brow gel, eyeliner and a FREE mascara (a $70 value for only $46). Get it before it’s gone.*

RIP John le Carré: The legendary spy novelist died yesterday at 89. Chances are you've seen a movie based on his novels (Tinker Tailor Soldier Spy, for one), but if you want to go back to the OG texts here are 10 of his best books

Dive into the week:

*This is sponsored advertising content

GAMES

Multiple Choice

Which of the following celebrities is the most expensive to book on Cameo?

  1. Drake Bell  
  2. LaVar Ball 
  3. Lance Bass
  4. Carole Baskin

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ANSWER

Carole Baskin ($299) is the most expensive of those four.

President Trump Claims He Will ‘Declassify Everything’ Over Democrat ‘Lying’ And ‘Treason

  Trump and Other Real Heroes Snubbed as Biden, Harris Share ‘Person of the Year’ Honors Read More

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Small North Carolina town mourns Small North Carolina town mourns its 1st police officer killed in line of duty Read More its 1st police officer killed in line of duty

Trump and Other Real Heroes Snubbed as Biden, Harris Share ‘Person of the Year’ Honors
ALSO BORN ON THIS DAY
1918
B.K.S. Iyengar
Indian teacher
1895
George VI
king of United Kingdom
1503
Nostradamus
French astrologer
1935
Lee Remick
American actress
1924
Raj Kapoor
Indian actor and director
1947
Dilma Rousseff
president of Brazil
SEE ALL BIOS ON THIS DAY
December 14
Tycho Brahe
FEATURED BIOGRAPHY

Tycho Brahe

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Roald Amundsen
FEATURED EVENT
1911
Roald Amundsen's arrival at the South Pole

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MORE EVENTS ON THIS DAY
Peter O'Toole
2013: Irish actor Peter O'Toole, who captivated audiences with performances that showcased his versatility in roles ranging from classical drama to contemporary farce during a seven-decade stage and screen career, died in London. [Test your knowledge of famous actors.]
Sandy Hook Elementary School shooting
2012: A mass shooting in Newtown, Connecticut, left 28 people dead, including 20 children from Sandy Hook Elementary School and the 20-year-old shooter, Adam Lanza.
Jonathan Demme
1993: The dramatic film Philadelphia, directed by Jonathan Demme and starring Tom Hanks and Denzel Washington, had its world premiere; it was the first major Hollywood film to address the AIDS crisis, and Hanks won an Oscar for his performance. [Take our film buff quiz.]
the Clash
1979: British punk rock band the Clash released its breakthrough album, London Calling. [How much do you know about musical groups?]
1960: The convention establishing the Organisation for Economic Co-operation and Development was signed by 18 European countries, the United States, and Canada. [ Sort fact from fiction in our quiz about world organizations.]
George VI
1895: George VI, who became king of the United Kingdom on December 11, 1936, following the abdication of the throne by his brother Edward VIII, was born. [ Take our kings of England quiz.]
SEE ALL EVENTS ON THIS DAY
December 14th, 2020
This is outrageous! Video shows Antifa stabbing four Trump supporters in DC
A pro-Trump rally in Washington, D.C. turned violent Saturday when four Trump supporters were stabbed.Social media accounts of the incidents... Read More ›
Humiliate All Your Shooting Buddies At The Range!
Even if your vision isn't what it used to be this high tech piece of gear can DOUBLE your accuracy almost IMMEDIATELY! Today 60% off! Read More ›
Gunman opens fire at Manhattan Cathedral during chior performance
A gunman opened fire at an outdoor choir performance on the steps of the Cathedral Church of St. John the Divine in New York City's Upper West Side on Sunday, and was himself shot and wounded by... Read More ›
Former Cuomo contender accuses him of sexual harassment
A former aide to New York Gov. Andrew Cuomo who has called working for the governor “toxic” now claims he sexually harassed her.Lindsey Boylan, a contender for Manhattan borough president, was... Read More ›
The shipments of COVID-19 vaccine has started in a historic American effort
The first of many freezer-packed COVID-19 vaccine vials made their way to distribution sites across the United States on Sunday, as the... Read More ›
Report shows Kremlin aided hackers breached the US Treasury and Commerce
(WASHINGTON EXAMINER) -- A "sophisticated hacking group" backed by the Russian government reportedly infiltrated the Department of... Read More ›
GUN OWNERS: See How to Claim this Pro-Gun Collectible Coin for FREE Today!
This unique coin is a great way to honor our founding fathers and the decision they made to give us the right to bear arms Read More ›

Columnists
Could Secession Succeed?

Kurt Schlichter


Jill Biden Is Not A Doctor, Probably Isn’t A Good Person Either

Derek Hunter


How Congress Can Prevent Future Federal Election Fraud and Uncertainty

Marina Medvin


So WHY Not?

Kevin McCullough


Is a National Split Inevitable?

Scott Morefield



Equality of Results Is a Disaster Waiting to Happen

Jeff Davidson


The Election Is Realistically Over, But Here’s Why We Should Not Stop the Battles

Rachel Alexander


On Iran, EU Caught Breaching Its Latest Commitment to Target Human Rights Violators

Hanif Jazayeri


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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
Iron Solutions launches IronGuides® Mobile - Ag Equipment Appraisal + Inspection on Mobile Devices |


Tipsheet
Perdue Releases New Ad Touting President Trump's Support

Reagan McCarthy


The Bombshell Story The New York Times Still Hasn't Informed Its Readers About

Leah Barkoukis


Reporter for The Hill Published a Major Lie About Kelly Loeffler and a Former KKK Leader

Beth Baumann


What We Know About the Cyberattack on the U.S. Treasury

Bronson Stocking


Army Veteran Unemployed Amid Lockdowns Receives a Much Needed Gift

Bronson Stocking


Warnock Has an Anti-Semitism Problem – and It Just Got Even Worse

Beth Baumann


WATCH: Bill Gates Sips Beverage on CNN While Pushing Lockdowns on Small Businesses

Bronson Stocking


Hmm: Amazon's Employee Cafeterias Look an Awful Lot Like Indoor Dining

Bronson Stocking


Former Cuomo Staffer: He Sexually Harassed Me 'for Years'; UPDATE: Cuomo's Office Responds

Beth Baumann


Disgusting: Raphael Warnock Is Using MLK's Legacy to Solicit Donations

Beth Baumann


ADVERTISEMENT
Political Cartoons
Bearing Arms
BA Gift Guide- Show Where You Stand With These Pro-2A Shirts | BA Staff

Former Marine Convicted For Attempted Gun Smuggling | Tom Knighton

Stolen Guns Recovered, Armed Robbery Suspects Arrested | Tom Knighton

BA Gift Guide: Single-Gun Safes For Quick, Secure Access | BA Staff

CNN Puts Narrative Ahead Of Facts In Polymer80 "Ghost Gun" Case | Cam Edwards



 




FOX
Daily update December 14, 2020


NEWS



SE Cupp: Fox News is Trump fan fiction
New York (CNN Business) Right-wing news outlets, including Fox, Newsmax and OAN, are perpetuating the myth that President Donald Trump won ...
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Stelter: Fox destroys its credibility when it leads with Hunter Biden news
New York (CNN Business) The news isn't particularly appealing to Fox News viewers at the moment: President Donald Trump's election loss and the ...
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Gates says coronavirus could still be risk through early 2022
GET THE FOX NEWS APP. “But even through early 2022, unless we help other countries get rid of this disease, and we get high vaccination rates in ...
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Former aide says Cuomo sexually harassed her 'for years'
Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. New York City politico Lindsey Boylan alleged on Twitter Sunday ...
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Biden considers Samantha Power for USAID: Report
Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. President-elect Joe Biden is reportedly considering former United ...
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Fox Chapel wrestling looks to lean on work ethic in 2020
After losing four seniors to graduation, the Fox Chapel wrestling team is going to go through a transition process in 2020. Eddie Farrell, Josh Miller, ...
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Fox Chapel swimming set to have best team in recent history
By: Greg Macafee Sunday, December 13, 2020 | 1:54 PM. 3317607_web1_VND-FCswim02-012820. Kristina Serafini | Tribune-Review. Fox Chapel's ...
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Majority in Fox News poll says Trump disputing results is weakening democracy
According to Fox News, answers to the question fell partly along party lines, with 66 percent of respondents who identified as Republicans saying the ...
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First shipment of Pfizer-BioNTech coronavirus vaccine leaves Michigan facility
Fox News' Peter Aitken and the Associated Press contributed to this report. Fox Nation ...
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WEB





Trump talks COVID-19 vaccine in exclusive interview with Fox News' Brian Kilmeade
Fox News · 3 mins ·. “If I wasn't president, you wouldn't have a vaccine for five years.” President Donald J. Trump, in an exclusive interview that aired ...
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WATCH: Lt. Gen Michael Flynn on 'Sunday Morning Futures'
Fox News · 9 mins ·. TUNE IN: Lt. Gen Michael Flynn joins Maria Bartiromo to discuss his battles for justice, his presidential pardon, and the fight for fair ...
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WATCH: Tony Bobulinski on 'Tucker Carlson Tonight Special'
Fox News · 14 mins ·. TUNE IN: Watch Tucker Carlson's exclusive interview with Hunter Biden's former business partner Tony Bobulinski on the ...
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