Tuesday, January 26, 2021

HEADLINES AND BREW


FOX
Daily update January 26, 2021


NEWS



Twitter unveils 'Birdwatch,' a 'community-driven approach' to combat misleading information
Fox News was given an early look at the program. TWITTER SUSPENDS @REALDONALDTRUMP PERMANENTLY. On Birdwatch, no account and no ...
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FOX News Digital Network Delivers Record Year
FOX News Digital delivered another record year in 2020, setting new highs across average monthly multiplatform unique visitors, total multiplatform ...
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Trump creates 'Office of the Former President' in Florida
... Donald Trump on Monday established an official post-presidency office in Palm Beach County, Florida to oversee his affairs, Fox News has learned.
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FOX News Channel Names Emily Compagno Co-Host of Outnumbered
Since joining FOX News Media as a contributor in December 2018, Ms. Compagno has provided political and legal analysis across the FOX News ...
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Breaking Down The Early Super Bowl Odds
FOX Sports gambling analyst. Super Bowl LV might be better billed as the Greatest of All Time versus his heir apparent because all you're going to ...
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Mother of three says Virginia county postponing return to classrooms 'heartbreaking'
Children suffering 'tremendous academic regressions,' Christy Hudson says. Talia Kaplan. By Talia Kaplan | Fox News.
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Emily Compagno Named Co-Host Of Fox News' 'Outnumbered'
The show airs weekdays at noon. Compagno, an attorney, joined Fox News Media as a contributor in December, 2018, providing political and legal ...
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Stelter: Fox News is more anti-Democrat than pro-Trump
If you thought Fox News would dial down the highly charged rhetoric after Donald Trump left office, you'd be mistaken. It is not slowing down when it ...
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Laid-off Keystone XL worker says decision to cancel pipeline 'is going to hurt a lot of people'
We need to be finding ways to put more Americans back to work, not the other way around," he said in an interview with Fox News. A member of ...
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WEB

Fox News - Officials hold a briefing at the Pentagon. - Facebook
HE WOULD \hHE WOULD GO- HELLO TWENTY TWO I THINK GO- HELLO TWENTY TWO I THINK THIS. GOOD AFTERNOON I WANT TO THIS.
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Fox News Morning Update: January 25, 2021 | Facebook
Fox News Update was live. 14 mins ·. President Biden to spend first full week in office signing more executive orders, U.S. COVID-19 cases top 25 ...
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Fox News - Owners of Mac's Public House hold a news conference | Facebook
The owners of Mac's Public House on Staten Island and their legal team hold a news conference.
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Maryville College names Ben Fox new football coach
Sara Quatrocky, interim athletics director, made the announcement today in a memorandum to the campus community that highlighted Fox's ...
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America’s Next Big Bankruptcy has Arrived

 

Daily Brew


Masterworks

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MARKETS


NASDAQ

13,635.99

+ 0.69%

S&P

3,855.36

+ 0.36%

DOW

30,960.00

- 0.12%

GOLD

1,855.00

- 0.06%

10-YR

1.033%

- 5.30 bps

OIL

52.87

+ 1.15%

*As of market close

  • Markets: This section is getting more repetitive than “Baby Shark.” The S&P and Nasdaq once again closed at all-time highs.
  • Covid-19 update: California lifted its stay-at-home order for all regions in the state as ICU projections look more favorable. Restaurants can now operate outdoor dining, and retailers including gyms can reopen with extra precautions.

Toby Howell

Imagine if Tyler Durden, the Tasmanian Devil, and your bitcoin-obsessed cousin all started trading stocks. That's what yesterday was like as shares of struggling video game retailer GameStop jumped as much as 145% before closing the day 18% in the green. It's now up 307% on the year. 

What the heck is going on?

GameStop's stock initially popped on Jan. 11 after the company announced it was adding the savvy cofounder of e-comm pet brand Chewy to its board. But many professional investors took a look at GameStop's sales (down 40% in the last two years), debt ($486 million as of Oct. 2020), and product (physical video games), and opened short positions against the stock, betting that it would fall. 

Enter r/WallStreetBets: Users on the Reddit forum, which has come to embody the hyperactive amateur investor, banded together to spoil the short positions taken by "the establishment," causing a short squeeze of epic proportions.

  • A squeeze occurs when a heavily shorted stock rises, forcing the short sellers to buy more shares in order to minimize their losses...which drives the price even higher. 
  • In fact, the squeeze got so intense that it caused hedge fund Melvin Capital to seek emergency funding yesterday after incurring losses of 30%, mostly stemming from short positions, to start the year. 

Other r/WSB favorites (that are also among the most heavily shorted stocks) are Bed, Bath & Beyond and AMC Entertainment, which both jumped as much as 40% yesterday and have gained over 70% on the year. 

Zoom out: A hint of mania seems to be creeping into the stock market. Companies in the small-cap Russell 2000 index with a negative operating profit outperformed the broader index by nearly 50% over the last year, according to an analysis by Reuters. 

But for all the breathlessness, the market may not be as frenzied as it appears. The amount of cash parked in less risky money market funds or savings accounts is higher than before the pandemic, meaning everyone isn't actually opening up a Robinhood account. "The picture is nuanced—heavy activity in certain stocks and options, but less extreme overall investment flows," Andrew Sheets, a strategist for Morgan Stanley, told clients.

        

Win Mcnamee/Getty Images

Arrival

After winning confirmation from the Senate, Janet Yellen was sworn in as the first woman to serve as US Treasury secretary. Yellen’s used to making history—in 2014, she became the country’s first female Fed chair. 

  • Her priorities include coronavirus relief, confronting China, and climate change. Once she’s got all those figured out, she’ll focus on standard Treasury responsibilities, like tax policy and sanctions. 

Departure

Leon Black will step down as CEO of private equity giant Apollo Global Management after an internal review found he paid convicted sex offender Jeffrey Epstein more than $150 million—far more than was previously disclosed. The review found no evidence of wrongdoing on Black’s part.

Marc Rowan, Apollo’s cofounder, will become the next chief executive before July 31. Black will remain as chairman.

        

PHARMA

Moderna Works on Its 3-Pointer

Good news in the fight against teenage mutant ninja coronaviruses: Moderna says its vaccine still protects against the highly contagious B117 strain first identified in the UK and the B1351 variant first identified in South Africa. 

There's always a disclaimer

Against the B1351 strain, Moderna's vaccine is less effective than its usual 94%. So the company is looking to add a third booster shot (on top of the two it already requires) to increase its power. But even with reduced effectiveness, the vaccine produces enough of an antibody response to offer some protection. 

  • Pfizer and BioNTech have yet to release data showing whether their vaccine is equally effective against B1351. 

Zoom out: Virus mutations and accompanying vaccine tweaks are normal, though the recent pace of mutations has pushed up the timeline for expected changes, STAT reports.

+ While we're here…Moderna and Pfizer made it look easy, but sometimes pharma companies come up with pyrite. Yesterday, Merck dropped development of its two vaccine candidates because of insufficient immune responses.

        

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GOVERNMENT

Biden Makes Money Moves

On Day 6 of his presidency, Joe Biden hopped off an Ally Love HIIT and Hills ride and launched some new executive orders and initiatives, including...

Changing the $20 bill by resuming efforts to replace POTUS #7 Andrew Jackson with famed abolitionist Harriet Tubman. The change to the new $20 bill, which drops in 2030, was first proposed by the Obama administration then delayed by the Trump administration. 

Juicing domestic manufacturing by updating "Buy American" rules so the federal government sources more products from domestic companies. Biden's order also creates a White House position to oversee these rules and calls for a review of waivers and clarification around what portion of a good needs to be Made in the USA for it to count as "American."

Reinstating travel restrictions on visitors from 28 European countries, Brazil, and South Africa (that last one's new), where new coronavirus strains are spreading

Lifting a ban on transgender people serving openly in the military, which was put in place by Trump. 

For more...here's a running list of Biden's executive orders from NBC News.

        

YouTube/Budweiser

Yesterday, Budweiser said it wouldn't advertise its beer during this year's Super Bowl, citing the Covid-19 pandemic. Instead, it'll donate money and airtime to promote vaccine awareness.

Zoom out: Budweiser has appeared in more Super Bowls than Tom Brady. And its marketing game, honed through 37 consecutive years of SB commercials, consistently produces iconic moments (remember when you strictly answered the phone with "whasupppppp"?).

The brand's absence shows how the pandemic has disrupted the undisruptable. And it's not alone—Coca-Cola and PepsiCo won't be advertising their trademark sodas during the Super Bowl. Regulars Hyundai and Avocados from Mexico are also sitting this one out. 

But don't get the idea there's widespread advertiser pullback from the US' biggest TV event.

  • Anheuser-Busch, Budweiser's parent company, is still spending a boatload on Super Bowl advertising—just for other brands like Bud Light Seltzer Lemonade and Michelob Ultra. 
  • Plus, Pepsi is still sponsoring the halftime show. 

Bottom line: Despite the uncertainty around advertising during a pandemic, Super Bowl ad prices are actually up 7% this year, Marketing Brew reports. 

        

WHAT ELSE IS BREWING

  • Dominion Voting Systems filed a $1.3 billion defamation suit against Rudy Giuliani for pushing "demonstrably false" allegations of voter fraud. 
  • Italian Prime Minister Giuseppe Conte will resign today, then seek to form a new government. 
  • Four times as many jobs were lost last year as during the worst part of the Great Recession in 2009, according to the UN.
  • Kobe Bryant and eight others were killed in a helicopter crash one year ago today.
  • Twitter is piloting a new “community-driven approach” to misinformation called Birdwatch.
  • SPAC deals yesterday alone totaled more than $15 billion. 

BREW'S BETS

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GAMES

Guess the Company

A major company just dropped its stats for 2020. Can you guess the company? 

  • It employs 275,000 people worldwide and has 795 locations
  • Its gasoline business did $14 billion in sales
  • Sales of beer, wine, and spirits gained 17%
  • E-commerce grew 50%
  • It sold 101 million rotisserie chickens

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ANSWER

Costco


Breaking News: Michelle Finally Snaps - Melania Sent Her Over The 'Edge'

Are You Prepared for the Unexpected?


{Continue Reading}

Columnists
Join or Die? Is It Time to Ditch the GOP for a New 'Patriot' Party?

Matt Vespa


The Biden Riots Have Started and We're Here to Bring You the Facts

Julio Rosas


Democrats Only Embrace Cancel Culture Against The Right

Derek Hunter


The Most Important Question About the 2020 Election

Dennis Prager


The Lone Wanderers of the Revolution

Salena Zito



The Cancel Culture Conflict Affecting the Left Finally Has Some Upset

Brad Slager


The Left Wants Unconditional Surrender, Not Unity

Stephen Moore


Coexistence or Cold War with China?

Pat Buchanan


Biden Administration Threatens Pro-Life Policies

Tom McClusky


ADVERTISEMENT
A Final Thank You to the Trumps

Carl Jackson


Two Nuclear Options

Paul Driessen


Is Modern Media More Biased Than Before?

Cal Thomas


Biden and 'Unity,' a Contradiction in Terms

D.W. Wilber


Americans Need Access to Credit, Not Government Scoring Mandates

Thomas Aiello


Keystone Decision Shows What Biden Administration Thinks of Property Rights

Martha Boneta



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
Even Angels Couldn’t Make Socialism Work

Caalco Distributors Corp. NEW Russian Vodka Brands in Canada. The Famous SIBERIAN Vodka Has Been Add



Wall Street Fights Back Investors' Chatter

The Most Under-Reported Story Of 2020

DOMA Technologies Celebrates its Veterans Benefits Administration (VBA) Private Medical Records (PMR


Tipsheet
Trump Team Makes Clear Where It Stands on 'Patriot Party' Groups

Leah Barkoukis


Grenell Has a Theory About Who's Running a 'Shadow Presidency' in the Biden Administration

Leah Barkoukis


Hawley Raises Ethics Questions Surrounding Seven Democrats

Beth Baumann


Why McConnell Is Green Lighting a Power-sharing Agreement

Beth Baumann


Here's the New Office Trump Will Hold

Beth Baumann


BREAKING: Article of Impeachment Against Trump Arrives In the Senate

Beth Baumann


Shapiro Has More Than 100 Politico Reporters Shedding Tears... Still

Beth Baumann


Janet Yellen Confirmed as Treasury Secretary

Reagan McCarthy


Jen Psaki: What Biden Meant When He Said 'Xenophobia' Was...

Beth Baumann


The COVID Deaths the Liberal Media Doesn't Like to Talk About

Matt Vespa


ADVERTISEMENT
Political Cartoons
Bearing Arms
Mizzou Gun Store Nixes Sales To Biden Voters | Cam Edwards

Three Steps That Could Cut Philly's Murder Rate | Cam Edwards

Biden's 100-Day Plan Includes Attack On Gun Industry | Cam Edwards

New Zealand Announces Second Round Of Gun Confiscations | Cam Edwards

Maine's Version of "Red Flag" Law Used 13 Times Since Passing | Tom Knighton

Banks Granted Power To Seize Your Accounts

January 26th, 2021

Trump needed to do these two things to stir up the riots – he did none of them
On Jan. 6, a group of Americans assembled in Washington, D.C.: some to protest the counting of Electoral College votes they believe were... Read More ›
6 Reasons to Eat Pemmican (+ DIY Video Guide)
Learn How to Make Pemmican the Ultimate Survival Food, a portable, high-energy, highly nutritious, and filling food that would last for long periods of time without refrigeration. Read More ›
OR Dems refuse to blame Antifa for destroying party HQ, instead they condemn GOP
The Democrat Party Of Oregon has released a statement in response to the inauguration day festivities where the *mostly peaceful* terrorists... Read More ›
'America First' no more: Biden offered to send $4 billion to Central American
After repealing many of the Trump administration’s successful immigration policies, President Joe Biden took yet another step toward putting... Read More ›
Portland Mayor Ted Wheeler Pepper Sprays Man Stalking Him At Restaurant
Mayor of  Portland, Ted Wheeler, is in the news today after reports that he had to pepper spray someone who was accosting him at a... Read More ›
Trump turns down allegations to 'Patriot Party' In Official Filing
Former President Donald Trump's campaign has formally disavowed any affiliation with the Patriot Party - a new political party he was rumored to have been mulling despite concerns over it fracturing... Read More ›
This Will Make You Feel Helpless...
In less than 30 minutes, one man's life turned into a nightmare... And not even the police could do anything about it! Unsuspecting Americans have never been more vulnerable, and it's only going to get worse! Read More ›



January 26
Wayne Gretzky
FEATURED BIOGRAPHY

Wayne Gretzky

READ MORE
 
raising of the British flag at the founding of the convict settlement of Sydney
FEATURED EVENT
1788
First European settlement in Australia

READ MORE

MORE EVENTS ON THIS DAY
Kobe Bryant
2020: American basketball player Kobe Bryant—who was considered one of the sport's greatest players, winning five NBA championships with the Los Angeles Lakers—died in a helicopter crash at the age of 41. [ Read our list of the 10 greatest basketball players of all time.]
2001: A massive earthquake struck near Bhuj, Gujarat, India, killing more than 20,000 people and causing extensive damage. [Take our natural disasters quiz.]
Andrew Lloyd Webber
1988: Andrew Lloyd Webber's The Phantom of the Opera, a musical version of Gaston Leroux's melodramatic novel, opened in New York City and went on to become the longest-running show in Broadway history. [ How much do you know about the theatre?]
Lucky Luciano
1962: Lucky Luciano, who was the most powerful chief of American organized crime in the early 1930s and was deported to his native Italy in 1946, died at the age of 65. [Test your knowledge of mobster names.]
Ellen DeGeneres
1958: American comedian and television host Ellen DeGeneres, who was known for her quirky observational humour, was born. [Sort fact from fiction in our quiz about pop culture.]
Slap Shot
1925: American actor Paul Newman , whose good looks and charisma helped make him an enduring screen presence in the second half of the 20th century, was born. [How much do you know about Paul Newman?]
SEE ALL EVENTS ON THIS DAY

 

BREAKING: President Trump Releases New Statement; Establishes “Office Of The Former President”
Biden Faces Backlash Across Country For Canceling Keystone XL Pipeline
Lin Wood: I’m Confident The Military Is In Control Right Now
Swalwell: We Can’t Give Trump a Chance to Do This Again, He Must Be Disqualified from Office
NPR: Biden’s Presidency An ‘Opportunity’ For Those Who Seek To Change Catholic Stance On Abortion

ALERT: 
BANKS GET APPROVAL TO SEIZE YOUR SAVINGS ACCOUNT

 

Breaking News: Oprah Winfrey and Dr. Oz Confirm The Rumors Live Today

Fans And Sponsors Are Shocked


{Continue Reading}

 


Today's Top Headline

Protect Yourself From COVID-19 With This Simple Trick

 

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Trending

Mitch McConnell Indicates He Wants Republicans to Get Rid of Trump

The Growing Importance of NATO and What It Means To The World

Free Trade Area – Negotiating the Implications of Trade Barriers


 
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