Wednesday, January 13, 2021

BREW AND HEADLINES

Daily Brew

TOGETHER WITH

Fundrise

Good morning. Yesterday, Netflix dropped a slate of 71 movies for 2021—that's more than one per week. It’s like they know we completely forgot how to socialize...

MARKETS


NASDAQ

13,072.43

+ 0.28%

S&P

3,801.19

+ 0.04%

DOW

31,068.69

+ 0.19%

GOLD

1,854.80

+ 0.22%

10-YR

1.134%

- 1.10 bps

OIL

53.29

+ 1.99%

*As of market close

  • Government: The House will hold an impeachment vote today to charge President Trump with inciting violence against the US. In his first public remarks since last Wednesday's attack on the Capitol, President Trump defended the speech he gave before the riot as "totally appropriate." He also criticized Big Tech, which has largely removed Trump from their platforms, as “dividing and divisive.”
  • Markets: The major indexes did a whole bunch of nothing ahead of earnings season, which begins on Friday. Small caps, though, rose to a record high. 

Francis Scialabba

To kickstart a lagging vaccination rollout, the US government yesterday recommended that states make Covid-19 vaccines available to anyone over the age of 65 and to people of any age with pre-existing conditions. Officials hope the new guidelines will help simplify what has been a mind-numbingly complex, fragmented, and tedious process.

In another shift in strategy, the US will make second doses available. Remember, last week we explained that the administration was holding about half of the vaccine supply in storage to make sure that second doses were available when needed. That plan was criticized as being unnecessarily cautious, and the Trump administration has come around.

  • "We now believe that our manufacturing is predictable enough that we can ensure second doses are available to people from ongoing production. So everything is now available to our states and our healthcare providers," Health and Human Services Secretary Alex Azar said on ABC yesterday. 

But where to deliver the shots? 

Since vaccination is America's new national pastime, there's only one answer: NYC will convert the home of the New York Mets, Citi Field, into a 24/7 coronavirus vaccination site by the end of the month, Mayor de Blasio said yesterday.

  • The announcement was made jointly with Steve Cohen, the billionaire hedge fund manager who recently bought the Mets. 
  • The goal is to administer between 5,000 and 7,000 shots per day. Yankees fans will be admitted.

Southern California, whose hospitals are filled with Covid patients, is following a similar gameplan. It's turning Disneyland into a mass-vaccination site by the end of the week. Dodger Stadium, which is the biggest Covid testing site in the country, is undergoing a similar makeover.

Zoom out: The country's largest entertainment venues have shape-shifted over the past year to fill a variety of crisis-era roles, including field hospitals, voting sites, and testing centers. 

The sooner they start selling hot dogs again, the better for the economy. After a disastrous 2020, vaccines could unleash booming economic growth this year, Fed officials say. 

        

AUTO

General Batteries

On Day 2 of consumer tech show CES, GM launched the next phase of Operation Beat Tesla: an electric delivery and logistics arm, BrightDrop. This year, BrightDrop will roll out...

  • EP1: an electric pallet that lugs packages from warehouses to delivery vans and delivery vans to your doorstep.
  • EV600: an electric delivery van with a 250-mile range. The first vehicles should be delivered by the end of 2021, with 500 destined for a FedEx route near you.
  • BrightDrop will also offer delivery software and services, including location tracking, remote lock, and predictive maintenance.

The announcement revved investors and sent GM shares up as much as 8.8% to a record high. 

Zoom out: GM's in the middle of a $27 billion pivot to electric vehicles and plans on unveiling 30 new models by 2025. In the delivery market, it's now competing with Mercedes-Benz, Ford, and buzzy startups including Rivian (which is working with Amazon), Deliver-E, and Canoo. 

One more thing...GM is preparing for our Jetsons future with this Cadillac-branded electric air taxi. 

 


GM

        

Mandel Ngan/Getty Images

Late Monday night, casino tycoon Sheldon Adelson died due to complications related to his treatment for non-Hodgkin's lymphoma, his company Las Vegas Sands Corp announced. 

Tycoon might be an understatement. Adelson ran the world's largest casino empire and was among the wealthiest people on Earth. 

  • After a hardscrabble upbringing in Boston, Adelson started a computer trade show called Comdex, which he sold in 1995 for almost $900 million. He then muscled his way into the casino biz. 
  • His company's crown jewels include several casinos in Macau, Singapore's Marina Bay Sands, and Las Vegas's Venetian, which at 8,000 suites and rooms is really a small town with gondolas. 

For decades, if you had conservative political ambitions, you wanted Adelson on your side. He contributed huge sums to right-wing candidates and causes in the US and Israel, eventually becoming a make-or-break donor for Republican hopefuls. Adelson and his wife, Miriam, were the largest publicly disclosed donors in the 2020 race, per the Center for Responsive Politics. 

        

SPONSORED BY FUNDRISE

We’re Banking on 2021

Fundrise

Now that you’ve said “Ta Ta!” to 2020, you're probably finalizing your resolutions for 2021. And since you’re so mature and smart, you’re no doubt focusing on financial goals. 

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Typically real estate investing has been the playground for the rich, but Fundrise brings you accessibility (no need for a present from a wealthy aunt), stability (they’re all about long-term investing), and technology (the platform is intuitive and easy).

And let us just give this its own paragraph: You can invest with Fundrise for as little as $500. Hmm, could be a good way to use Nana’s holiday check.

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(Here's all the legal jargon we know you love reading.)

Francis Scialabba

Between the fallout from the 737 Max scandal and a pandemic that smushed airline travel, 2020 was harder for Boeing to stomach than economy class ratatouille. 

The company delivered just 157 planes (the fewest since 1984), logged its worst year of net sales, experienced ~650 order cancellations, and slashed production rates and staff.  

  • One ray of hope: After regulators lifted a 20-month ban on the 737 Max in November, Boeing squeezed in 80+ orders for the plane as carriers including Ryanair and Alaska Airlines went "bargain hunting." 

Still, these numbers mean Airbus, a 50-year rival, will retain the No. 1 aircraft maker title it wrestled from Boeing's grip in 2019. Last year, Airbus delivered 566 planes, 34% fewer than in 2019, and sold just 268 planes after cancellations. 

One challenge for Airbus: After failing to patch a 16-year dispute with the EU over government aircraft subsidies, the US government enacted 15% duties on imported German and French aircraft parts yesterday. Down the line, this could affect Airbus production, which was expected to pick back up.

        

Giphy

Some bitcoin holders are experiencing that feeling when you can’t find your car keys, panic, and turn your apartment upside down looking for them—but in this case, there are millions of dollars in the backseat. As their digital wallets soar in value, some investors can’t cash in because they forgot their passwords, according to a NYT report

  • One programmer in SF has two password guesses left to access a wallet containing 7,002 bitcoin, or ~$220 million.  
  • Of the 18.5 million bitcoin in existence, about 20%—$140 billion worth—seems to be lost or abandoned, per crypto data company Chainalysis.  

It’s not a good time to not be able to access your bitcoin. Despite a recent dip, the crypto is still up about 335% in the past year. Relatedly, inquiries to Wallet Recovery Services, a business that helps crypto holders find their keys, have tripled in the past month. 

Zoom out: These frustrations flip the much-touted benefits of crypto. Only the person who creates a wallet has access to the key, which is great for privacy and freedom from regulation, but terrible if you lose it—you have no recourse. 

        

WHAT ELSE IS BREWING

  • Visa and fintech platform Plaid have called off Visa's $5.3 billion acquisition due to DOJ opposition. 
  • Twitter has suspended over 70,000 accounts that shared content tied to QAnon conspiracy theories. The app is increasing enforcement of its content rules ahead of the inauguration. 
  • President-elect Joe Biden reportedly picked Gary Gensler, a leading financial regulator under the Obama administration, as SEC chair. 
  • The CDC will require all international travelers headed to the US to test negative for Covid-19 before departure.
  • Zoom is planning to raise $1.5 billion through a new stock sale.

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GAMES

Profitable or Not Profitable?

This game is simple. We'll give you a company, and you have to figure out whether they were profitable or not (made money or lost money) in Q3 2020, the latest data we have available. 

  1. Tesla 
  2. Spotify 
  3. Lyft  
  4. Palantir 
  5. Airbnb 

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ANSWER

1. Tesla - yes profitable 
2. Spotify - not profitable
3. Lyft - not profitable 
4. Palantir - not profitable
5. Airbnb - profitable

January 13, 2021 View Online | Sign Up

Columnists
Nah, I’m Not Interested in Being a Serf

Kurt Schlichter


A Crazy Impeachment

Byron York


Teachers Unions Fail Science

John Stossel


The Lies Tearing America Apart

Ben Shapiro


Hollywood Elites and Violent Thoughts

Tim Graham



President Trump's Masada Moment

Star Parker


Regulate Social Media Like Public Utilities

Betsy McCaughey


Biden Wants to Amend Constitution to Limit Political Speech

Terry Jeffrey


Venn Diagram of Freedom's Threats: Kim Jong Un-Reliable North Korea Intersects Amazon Servers

Austin Bay


ADVERTISEMENT
Americans Supposedly Just Voted For Only Electric Vehicles

Duggan Flanakin


The Lords of Social Media Set America On a Dark Path

Bob Barr


The Economic Threat of China Does Not Call For a Military Response

Willis Krumholz


Instead of the 25th Amendment, House Should Invoke 12th

John and Andy Schlafly


The Wisdom of Doing Something About Mass Murder

Alejo Vidal-Quadras


Evers’ COVID Vaccine Fiasco

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
Can Biden Rise Above His Authoritarian Party?

Stock Market News | NSDQ, NYSE, and AMEX Stock Market News, Market News Categories, Market Indicator

Top Electric Vehicle Stocks to Buy Go Well Beyond Tesla - Paul Dykewicz

George Gilder On The Coming Collapse Of Google Marxism

Gross Domestic Product Leaves out $21 Trillion in Business Spending

Volatus Aerospace Continues Coast-to-Coast Expansion with Acquisition of UAViation Aerial Solutions


Tipsheet
House Freedom Caucus Chair Wants Cheney to Step Down From Leadership Post

Leah Barkoukis


Yes, What Trump Told Mike Pence Certainly Sounds Like Him

Matt Vespa


Dem Congresswoman Lobs Serious Allegation Directed at GOP Regarding Capitol Building Storming

Matt Vespa


BREAKING: House Passes Resolution Calling on Pence to Invoke the 25th Amendment

Beth Baumann


Here's Who Pelosi Tapped as Impeachment Managers

Beth Baumann


Senate Democrats Nab Big Endorsement from GOP Side in Favor of Impeaching Donald Trump

Matt Vespa


READ: Pence's Response to Pelosi's Push to Invoke the 25th Amendment

Beth Baumann


Glenn Greenwald Perfectly Sums Up Dems' Love of Big Tech Censorship

Beth Baumann


BREAKING: The First Member of GOP Leadership Has Agreed to Impeach Trump

Beth Baumann


Ilhan Omar: The Need to Impeach Trump Is Just Like the Need to ‘Hold a Murderer’ Accountable

Julio Rosas


ADVERTISEMENT
Political Cartoons
Bearing Arms
AP Headline On Ohio 2A Case Is Breathtaking In Its Bias | Cam Edwards

Great Gun Run Of '21: Florida Background Checks Up 71-Percent | Cam Edwards

VCDL Says Lobby Day Mobile Rally Will Continue | Cam Edwards

New Jersey 2A Activists Warn - No Armed Protest In Trenton | Cam Edwards

FL Lawmaker Introduces Bill To Allow Guns In Religious Schools | Tom Knighton

 

This short independent documentary has the Catholic Church on the ropes

Because it exposes the biggest scandal in its history

And it will affect the lives of each God fearing American.

This is something darker and more sinister than Sandy Hook and Benghazi combined...

And it’s spreading like wild fire all over the internet.

>> Click Here Before The Video Is Taken Down Permanently <<

 

Looks like Kamala STOLE story from MLK Jr.

Newt Gingrich's Reaction to last week’s madness will STUN You

Would You Proudly Fly this Pro-Police Flag? (sponsor)

Pelosi Launching Second Trump Impeachment, Will Activate 25th Amendment

PGA will not host 2022 tournament at Trump golf club


Today's Top Headline

EU regulator is considering Oxford-AstraZeneca vaccine

GOP Lawmaker May Support Censuring All 147 Republicans Who Voted to Overturn Biden’s Win

 

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Find the Best Possible Medicare Rates & Compare FREE Medicare Quotes Today!

 

Trending

Mark Levin, Dan Bongino Among Talk Radio Stars Warned to Stop Stolen Election Talk by Corporate Boss

Kerry climate team begins to take shape

Pentagon authorizes up to 15,000 National Guardsmen to support inauguration

Hoyer says he expects there will be a memorial for fallen Capitol Police officer

  Bleacher Report on Twitter: "This angle of Fox's dunk (via @SacramentoKings) https://t.co ...

This angle of Fox's dunk (via @SacramentoKings)pic.twitter.com/7thipATW7r · Sacramento Kings. />. The media could not be played. 9:57 PM - 11 ...
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FOX
Daily update January 13, 2021


NEWS

Fox News and CNN Shuffle Anchor Lineups Amid Ratings Battle
Fox said it is expanding its opinion programming into the 7 p.m. hour with “Fox News Primetime,” a show that will feature a rotating group of opinion ...
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McConnell furious with president, supports move to initiate impeachment proceedings: sources
Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. Senate Majority Leader Mitch McConnell supports Democrats' move ...
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Fox News Is Facing Ratings Battles on Multiple Fronts as the Biden Era Nears
In a Monday release, Fox News CEO Suzanne Scott announced that the network is replacing Martha MacCallum's 7 p.m. news show with an opinion ...
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Sheldon Adelson, billionaire Trump backer and Las Vegas Sands CEO, dead at 87
FOX Business' Charlie Gasparino shares his thoughts on an editorial in GOP megadonor Sheldon Adelson's newspaper -- The Las Vegas Review- ...
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Jason Klarman Named President of FOX Nation
Mr. Klarman will also retain his role as Executive Vice President of Marketing for FOX News Media, overseeing all brand strategy. In making the ...
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Fox News shakes up daytime schedule amid ratings dip
Fox News is revamping a key time slot in its daytime schedule. The network is adding an opinion show at 7pm ET, a time Fox has in the past reserved ...
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Fox News and the real insurrection
Fox said in October that it would introduce “new formats” after the election, and network staffing shake-ups are routine when there's a change of ...
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In response to Capitol rioting, Musk weighs in on Big Tech censorship
A Twitter spokesperson told FOX Business that some accounts have already been suspended as of Monday in line with its policy on Coordinated ...
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Fox News Names Jason Klarman President of Fox Nation Streaming Service
While Fox Nation initially launched in late 2018 with a focus on conservative commentary and bonus content featuring Fox News talent, it has since ...
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WEB

Fox News - Sen. Schumer makes remarks
Senator Chuck Schumer holds a press conference in New York City. (Courtesy: WNYW)
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House Floor Holds Moment of Silence for Fallen USCP Officers
Fox News was live. 24 mins ·. House Speaker Nancy Pelosi leads the House in a moment of silence in honor of fallen USCP Officers Brian Sicknick ...
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 January 13th, 2021

McConnell happy about the idea that the Senate could impeach Trump
Update 2015 EST: Pence Against Using 25th AmendmentNumerous sources are reporting that Vice President Mike Pence has "ruled out" using the 25th Amendment to remove President Trump from office. The... Read More ›
The TRUTH about your Diabetes...
Doctors at the International Council for Truth in Medicine are revealing the truth about diabetes that has been suppressed for over 21 years. Last year they helped over 17,542 type 2 diabetics end the need for prescription drugs, insulin injections and blood... Read More ›
Mike Pence: Letter to Pelosi says won't resort to 25th Amendment against Trump
Vice President Mike Pence sent a letter to House Speaker Nancy Pelosi (D-CA) on Tuesday and stated he would not invoke the 25th Amendment to... Read More ›
Watch Ilhan Omar comparing impeaching Trump to holding a murderer accountable
Rep. Ilhan Omar (D-MN) told MSNBC on Tuesday Congress must impeach and remove President Trump because he is responsible for the riot at the... Read More ›
Biden's civil-rights pick and her "black people are superior" beliefs
Kristen Clarke (Video screenshot)Not only does race determine your destiny, wrote Kristen Clarke as an undergraduate at Harvard, black brains contain large amounts of neuromelanin, making them... Read More ›
ANALYSIS: Antifa thugs provoked the shooting of Ashli Babbitt at Capitol
Ashli BabbittAn analysis of videos of the death of Air Force veteran Ashli Babbitt at the U.S. Capitol indicates Antifa activists provoked... Read More ›
ONE Fighting Tactic You Need, Now!
Wouldn't you love to know a secret move that could disarm and take down any attacker no matter how big or aggressive they are? This controversial video will teach you this special… Read More ›

GOP Congresswoman comes out saying she will vote to impeach Trump

Dems called out by Blue Lives Matter Organization for changing their mind

How Biden’s DHS Nominee has made millions? By working for Big Tech & Wall Street

Congresswoman who blamed GOP for her COVID, recorded without mask at Capitol

Last Night's Gun Standoff in Congress

While many were asleep, there was a gun standoff in Congress involving a new congresswoman. For the details >>>  CLICK HERE

 

ONE WEEK LEFT: VP Pence ‘Rejects’ Dems Demand to Invoke 25th Amendment to Remove Donald Trump
Read More
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