It happened quietly, but yesterday the confederate flag and other symbols were banned. To get the details. >>>
CLICK HERE
In Case You Missed It...
>> Child Murderer Set Free Despite ICE Detainer
>> Biden Asks Americans To 'Turn the Page'
>>
Attorney General Barr Quits
Good morning. Today,
a massive snowstorm is expected to blanket the East Coast from Virginia
to Boston with as much as 2' of snow in some areas.
Not sure which school principal needs to hear this, but just because you can switch to remote school doesn’t mean you should switch to remote school.
|
|
|
NASDAQ
|
12,569.54
|
+ 1.04%
|
|
|
S&P
|
3,691.73
|
+ 1.21%
|
|
|
DOW
|
30,203.49
|
+ 1.15%
|
|
|
GOLD
|
1,855.70
|
+ 1.29%
|
|
|
10-YR
|
0.920%
|
+ 2.40 bps
|
|
|
OIL
|
47.61
|
+ 1.32%
|
|
*As of market close
|
-
Fed: The central bank will conclude
its final meeting of 2020 today with an updated economic outlook and
potential changes to its bond-buying plan. Expect Chair Jerome Powell to
explain how the vaccine rollout will (or won't) influence the central
bank’s policies.
-
Markets: Stocks jumped and the Nasdaq closed at a record high. It helps when Apple, a member of all three major indexes, gains 5%.
|
|
Daniel Zuchnik/WireImage via Getty Images
In an interview with CNBC yesterday morning, legendary investor Warren Buffett urged Congress to pass legislation to help small businesses stay afloat.
Buffett
called the situation facing Mom and Pop an "economic war," and labeled
small businesses "collateral damage in a war that our country needed to
fight." He called on Congress to extend the Paycheck Protection Program
(PPP) "on a large scale."
Remember the PPP? We wrote about it
often during the worst of the economic crisis in March and April. It's a
$525 billion government program intended to help small businesses keep
workers on payroll.
- PPP has been criticized for fraud and not actually going to small businesses.
- But PPP may have been
the economic equivalent of a vodka soda—imperfect but still effective.
"Don't let that turn you away from something where millions of people
were being helped," Buffett argued yesterday.
It's all about access to credit
Large
corporations have several funding options, such as the bond market, to
tap into on a rainy day. And 2020, of course, has been particularly stormy: U.S. companies have sold a record $2.4 trillion of bonds so far this year, per Dealogic.
- "Small businesses don't
have that access," Goldman Sachs CEO David Solomon told CNBC yesterday.
Which is why he, too, supports another round of PPP funding.
A real-world example: This
summer, American Airlines was able to raise $2.5 billion from selling
bonds even as it was bleeding $58 million/day. Much smaller GNS Foods,
which supplies American Airlines with nuts, struggled to refinance a
$500,000 mortgage on its warehouse, writes the Financial Times.
Looking ahead…a
stimulus bill from a bipartisan group of lawmakers contains $300
billion in aid for small businesses, including devastated restaurants
and entertainment venues. Help could be on the way if Congress gets the
job done.
|
|
Giphy
Yesterday, print media titan Condé Nast announced that legendary fashion gatekeeper Anna Wintour will be elevated from U.S. Vogue editor/artistic director to reigning Empress Of Stylishness global chief content officer.
The backstory: Wintour became
U.S. Vogue editor in 1988, then added the "artistic director" title in
2014. That means she's been helping steer a ship of the U.S.' most
iconic glossies—including GQ, Vanity Fair, and Bon AppĂ©tit—through the
slow but steady collapse of print media.
Condé has
had its share of setbacks, especially this year (it laid off about 100
people in May as the pandemic hit), but it's in the midst of a
turnaround plan. CEO Roger Lynch plans to lean on 1) digital video and
2) paywalls to reach profitability.
- Condé's also still responding
to criticism over its treatment of Black employees, who have said they
are marginalized. Wintour apologized for her role in sidelining Black
creators in June.
Bottom line: Condé may be changing its ways, but its most influential face is staying put.
|
|
For a city
whose symbol is a statue of a naked (or occasionally costumed) peeing
child, Brussels doesn't mess around. Yesterday, European Union officials
released drafts of two strict new regulations for big tech.
The Digital Markets Act
gives companies with extra big reach—45+ million monthly users or
10,000+ business customers—extra attention. These "gatekeepers" would
need to disclose planned takeovers, face limits on using data they
collect to launch competing products, and avoid favoring their own
products on their platforms.
- Fines for violations could reach up to 10% of annual global revenue.
The Digital Services Act would make companies more accountable for illegal content on their platforms, with fines of up to 6% of annual revenue.
The walls are closing in
This week, the FTC ordered top U.S. tech companies to explain their user data practices, China fined its own tech leaders Alibaba and Tencent over antitrust violations, and the UK proposed fines of up to 10% of global revenue if tech giants don't remove illegal content.
Looking ahead...the
EU proposals still need to be ratified, which could take a few years.
If they become law, they'll likely be Europe's strictest to date.
|
|
This holiday
season, we aren’t just passing down our famous eggnog recipe, we’re
also passing down the secret to building generational wealth—investing
in private real estate with DiversyFund.
DiversyFund
opens opportunities for the everyday investor (not just the super rich)
to access high value private real estate investing through its
non-traded REIT (real estate investment trust).
So while investing in long-term multi-million dollar real estate assets doesn’t fit in a stocking or give you an eggnog-induced buzz, it’s a way better gift than only investing in stocks.
That’s
because you don’t build generational wealth by just putting everything
in the stock market or a savings account, you can do it by diversifying
your portfolio into alternatives like DiversyFund’s Growth REIT.
Give the holiday gift that keeps giving for generations with DiversyFund today.
|
|
Giphy
President-elect Joe Biden reportedly made his pick for Transportation Secretary yesterday: former mayor of South Bend, IN, Pete Buttigieg.
Remember, it's BOOT-edge-edge—and he's the young one who speaks Norwegian and plays alt-rock on the piano. Thirty-eight-year-old Mayor Pete ran a solid campaign for the Democratic nomination, even scraping out a win in the Iowa caucuses, but eventually dropped out of the race.
- Buttigieg endorsed Biden
and helped him raise money, despite Biden having run an ad mocking
Buttigieg's relatively paltry experience.
What Buttigieg will be tasked with: It
may be the Rhodes Scholar's toughest assignment yet—bipartisan
infrastructure legislation. Biden's plan for climate change, a central
plank of his platform, includes a major effort to overhaul the U.S.'
crumbling industrial backbone.
- More broadly, Buttigieg will manage a nearly $90 billion budget, plus oversee the agencies that regulate railroads, trucking, and aviation.
Looking ahead...if
his nomination makes it through the Senate, Buttigieg will be the first
openly LGBTQ person to become a member of a presidential Cabinet.
|
|
ViacomCBS
We're not sure watching football could get more fun than Monday night's Browns-Ravens game, but Nickelodeon is going to try.
On Jan. 10, the network will broadcast an NFL Wild Card game filled with gags aimed at drawing in a younger audience. That means...
- A pregame show called "The SpongeBob SportsPants Countdown Special"
- Booth commentary from two members of the sketch comedy series All That
- Slime superimposed on endzones and googly eyes and other Snapchat-style filters layered over the game
Zoom out: With the all-important TV rights deals for the NFL expiring in 2022, media companies, such as Nickelodeon parent ViacomCBS, are experimenting
with new formats to woo the league. NBC, for instance, is tapping khaki
influencer and MSNBC journalist Steve Kornacki to evaluate playoff
scenarios as he would the electoral college.
Food for thought: Who makes your all-Nickelodeon football roster?
- WRs: Drake & Josh
- TE: Otto from Rocket Power
- RB: Wanda from The Fairly OddParents
- Fullback: Invader Zim
- Football: Hey Arnold's head
- O-Line: The Rugrats
- D-Line: The Wild Thornberrys
- QB: Aang from Avatar: the Last Airbender
- Backup QB: Danny Phantom
- Coaches: Gibby from iCarly, SpongeBob, and Ned from Ned's Declassified School Survival Guide
|
|
Henning Bagger/Ritzau Scanpix/AFP via Getty Images
For
Christmas market operators, prepping for the holidays is typically a
year-long affair. There are spring orders for bespoke glĂĽhwein mugs to
place, vendor applications to review, city permits to secure, staff to
hire. But, as we all know, this wasn't a typical year.
The Brew
spoke with operators of four of the U.S.' most iconic Christmas markets
about their decisions to proceed in-person or move festivities online,
and the devastating impact the pandemic is having on your favorite
Christmas ornament artisan.
Check out the full story here.
|
|
-
MacKenzie Scott, the billionaire ex-wife of Jeff Bezos, disclosed that she donated $4.2 billion to nonprofits over the past four months.
-
The FDA
said Moderna's Covid-19 vaccine was effective and safe in a detailed
analysis released yesterday. It could be approved later this week.
-
The FDA also granted emergency approval for the first over-the-counter Covid-19 test that doesn't need a prescription.
-
Peter NygĂĄrd, the Canadian fashion mogul, was indicted on charges of racketeering and sex trafficking.
-
Giannis Antetokounmpo signed a supermax extension with the Milwaukee Bucks for $228.2 million. It's the largest contract in NBA history.
|
|
Help us help you: Take this quick survey to help out our brand partnerships team, who make this newsletter possible. Thanks so much.
2020 Playback: So
you’ve seen your personalized Spotify Wrapped. Now, check out the most
celebrated artists, cultural moments, and tracks on fledgling artists’
go-to platform, SoundCloud.
Stay up-to-date with Covid-19: Charts that track a) global infections and b) where vaccines have been allocated
Zoned in: When can you call your friend in Tokyo without waking them up? Learn what time it is in cities around the world with this simple website.
|
|
As you know,
all Wikipedia articles are subdivided into sections. We'll name the
particular section titles of a Wikipedia article, and you have to name
the article.
1) Publication history 2) Adaptations 3) Guns, vehicles, and gadgets 4) Cultural impact 5) Criticisms
Here's another.
1) History 2) Customs and traditions 3) Production 4) Environmental issues 5) Religious issues
|
|
When you share the Brew with your network, you earn free swag like our classic Morning Brew t-shirt.
Are
you one of those people who is always going places? Then you probably
need a shirt. Might as well be this bad boy with the Morning Brew logo
plastered across the chest.
Hit the button below to learn more and access your rewards hub.
Click to ShareOr copy & paste your referral link to others: morningbrew.com/daily/r/?kid=a17a7110
|
|
The first is James Bond, the second is Christmas Tree
|
|
I must inform you of something truly abominable!
Walmart openly sells Satanic products
in its online store. These include Ouija boards, pentagram and
inverted-cross pendants and Satanic books, including those written by
the notorious Satanist, Anton LeVey.
According to reports:
"Walmart has come under fire -- the
fire of hell -- for selling satanic products...The products include
demonic sculptures and figures... numerous products and jewelry with
pentagrams and other demonic images, and books that include the Satanic
bible and books on spells..."
(NCRegister.com)
But protests have had effect.
After our initial protest, many of the items have come down, or are harder to find!
Walmart has come under fire of
promoting homosexuality by featuring a same-sex "couple" in its
advertisement, and now the same "family friendly" company is promoting
Satanism.
We cannot stand by idle while Satanism
and immorality are normalized. We must not allow Walmart to destroy the
barriers of horror we still have for Satanism.
Thank you.
I remain,
|
|
|
|
|
Arizona Does What All States Should Do – Issues Subpoenas – Forensic Audit to be Completed in Maricopa County
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADVERTISEMENT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Joe Biden Admits He Has a “Bit of a Cold” After Coughing Nonstop During His Speech
|
|
|
|
|
|
December 16
|
|
FEATURED BIOGRAPHY
|
|
Jane Austen
|
|
|
|
|
|
FEATURED EVENT
|
1773
|
Boston Tea Party
|
|
|
|
|
|
Advertisement
|
Advertisement
|
|
|
MORE EVENTS ON THIS DAY
|
|
2014: Members of Tehrik-e-Taliban Pakistan, the Pakistani branch of the Taliban,
attacked a school in Peshawar, killing 150 people, at least 134 of whom were children.
|
|
|
|
|
|
|
|
|
|
|
|
No comments:
Post a Comment