Tuesday, January 19, 2021

Today's Headlines...


January 19, 2021

Daily Brew

TOGETHER WITH

The Motley Fool

Good morning. Maybe pour an extra bowl of Wheaties this morning, because today is packed.

  • The Senate Finance Committee will hold a confirmation hearing for Biden's Treasury Secretary nominee, Janet Yellen. 
  • Bank of America, Goldman Sachs, and Netflix report earnings.
  • President Trump is expected to issue at least 100 pardons and commutations on his last full day in office. 

And tomorrow is an event that happens at most once every four years: the inauguration of a new president.

The Economist

Among a spree of executive orders planned for his first day in office tomorrow, POTUS-elect Joe Biden will reportedly rescind a permit for the Keystone XL pipeline. 

Refresher: The Keystone XL is a planned 1,210-mile detour from the existing Keystone pipeline, which runs from Canada’s Alberta province to Gulf Coast oil refineries. The Keystone XL would haul 830,000 barrels of crude oil per day through Montana, South Dakota, and Nebraska before reconnecting to the original pipeline. 

  • The American Dream mall of fossil fuel projects, the Keystone XL has been in the works for 15+ years but faced numerous delays and legal setbacks, including former President Obama's 2015 rejection of its permit application.

Why the controversy?

Environmentalists strongly oppose the pipeline because it 1) is an $8 billion investment in harmful fossil fuels 2) cuts through protected wetlands and tribal lands and 3) carries "bitumen" from Alberta’s oil sands, a type of crude oil that creates more pollution. Some major banks have stopped financing all oil sands projects because of the climate impact.  

Canada's ambassador to the US says oil sands production and emissions per barrel have improved since the project was announced, and Canadian PM Justin Trudeau and President Trump, supporters of Keystone XL, argue it will reduce reliance on foreign oil and create jobs. 

On Sunday, the Keystone XL's developer tried convincing Biden it won't be like those other fossil fuel projects, pledging...

  • $1.7 billion in solar, wind, and battery investments
  • Net-zero emissions after starting service in 2023
  • A ~$785 million stake in the project for indigenous tribes

The Canadian portion has been under construction for months, and if Biden nixes the permit, Trudeau probably won’t invite him to the next neighborhood block party. Alberta Premier Jason Kenney told CBC it would also hurt US and Canadian jobs and undermine national security by leaving America dependent on OPEC imports. 

Zoom out: It's tough out there for a pipeline. In the last year, the Atlantic Coast pipeline was canceled, a judge temporarily shut down the Dakota Access Pipeline, and the Supreme Court upheld a suspension on construction of parts of the Keystone XL. 

        

Giphy

If Joe Biden were putting together the Avengers of financial regulation, he just found his Thor and Hulk. Yesterday, the president-elect nominated Gary Gensler to serve as commissioner of the Securities and Exchange Commission (SEC) and Rohit Chopra to head up the Consumer Financial Protection Bureau (CFPB). 

Their backstories: Gary Gensler is a former Goldman Sachs exec-turned-financial-watchdog under President Obama, while Chopra headed up the student loan division of the CFPB following the 2008 financial crisis. Both are members of the Sen. Elizabeth Warren coaching tree, which means they'll take an aggressive approach to regulating banks.

If confirmed, Gensler and Chopra could take their pick from a buffet of potential regulatory side dishes:

  • Gensler could focus on Robinhood's "gamification" of trading, Chinese companies ignoring US auditing rules, or the Wild West of crypto regulation.
  • Chopra will likely address the student loan crisis, as well as the heavy overdraft fees banks levy on consumers.

Bottom line: Both nominations are seen as major wins for progressives hoping to rein in Wall Street. 

        

Francis Scialabba

Seems like an important question. Here's the latest from the world of shots and jabs.

US: The governors of Oregon, Minnesota, and Colorado have criticized the Trump administration for sowing confusion after they found out their states would receive fewer doses than expected under new CDC guidelines. New York Gov. Andrew Cuomo is exploring if his state can buy vaccines directly from Pfizer. 

  • But more help is on the way. Dr. Anthony Fauci said two more vaccines (via AstraZeneca and Johnson & Johnson) could be approved within weeks. 

Norway: After at least 33 nursing home residents died after receiving a Covid vaccine, health authorities said there’s no evidence the deaths were connected with receiving the shot, as the residents were already seriously ill prior to being vaccinated.

France: The country is running significantly behind other wealthy nations in its vaccination program—only administering 422,000 doses in more than three weeks, per the WSJ. France has one of the more vaccine-skeptical populations. 

Brazil: Regulators in the world's sixth-most populous country approved the use of coronavirus vaccines from AstraZeneca and China's Sinovac. Neighboring countries Chile and Argentina have already begun immunizing people. 

        

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Giphy

You know when you're about to complete a jigsaw puzzle only to find out one piece is missing? Automakers are currently experiencing that on a global scale after a shortage of semiconductor chips forced Ford and Volkswagen to temporarily scale down production.  

What's to blame?

Automakers say they aren't getting the attention they deserve from chipmakers, who are fulfilling higher-margin consumer electronics orders first. But chipmakers say that the automakers played themselves by dramatically reducing orders in the early days of the pandemic. 

The problem is so acute that a lobbying body representing GM, Ford, and other US car manufacturers has been pressing the incoming president and VP to convince Asian semiconductor companies to allocate more chips toward Suburbans and Mustangs and away from iPhones and laptops. 

Bottom line: Even if the Biden administration were to flex its diplomatic muscles, there's not much it could do. Manufacturers need at least three months to scale up chip production. 

        

Jason Kempin/ACMA2020/Getty Images for ACM

Raise your finest koozie to Morgan Wallen, whose Dangerous: The Double Album just had the biggest streaming week ever for a country album, squashing No. 2 Luke Combs by more than 2x. 

Quick bio: Wallen, a 27-year-old raised in a small town in Eastern Tennessee, got his break as a contestant on The Voice in 2014.

  • Six years, one album, and many hits later, Wallen earned headlines for the wrong reasons last fall, when SNL rescinded an invitation to perform after a video surfaced of Wallen partying without a mask. He finally made it to the famous stage a few months later.

Zoom out: Wallen's rise has been propelled by a number of industry trends, including Americans' increased appetite for country music during the pandemic and the sweet, viral touch of TikTok. 

+ While we're here: Streaming records were made to be broken. Olivia Rodrigo's debut single "drivers license" just notched the most streams in a single week on Spotify.

        

WHAT ELSE IS BREWING

  • President Trump is planning to lift travel restrictions on visitors from Brazil and Europe starting Jan. 26, but the incoming Biden administration is expected to reverse the order. 
  • Tesla started to deliver the first Model Y crossovers made in its Shanghai factory. 
  • Sen. Josh Hawley signed a deal with conservative publisher Regnery for his upcoming book, The Tyranny of Big Tech. Simon & Schuster had canceled its previous agreement with Hawley. 
  • Virgin Orbit successfully launched a rocket into orbit from a 747 aircraft. 
  • Jay Y. Lee, South Korea's most prominent businessman and vice chair of Samsung, was sentenced to two and a half years in prison following a retrial of a bribery case.
  • Bill Gates is now the country’s top farmland owner, according to the Land Report. 

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GAMES

Nutritional Facts

The following is the ingredient list to a popular food product. Can you figure out the product? 

Enriched flour (wheat flour, niacin, reduced iron, vitamin B1 [thiamin mononitrate], vitamin B2 [riboflavin], folic acid), corn syrup, high fructose corn syrup, dextrose, soybean and palm oil (with TBHQ for freshness), bleached wheat flour, contains two percent or less of wheat starch, salt, dried strawberries, dried pears, dried apples, leavening (baking soda, sodium acid pyrophosphate, monocalcium phosphate), citric acid, modified wheat starch, caramel color, xanthan gum, soy lecithin, red 40, yellow 6.

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ANSWER

Pop-Tarts (specifically Unfrosted Strawberry flavor)

 


Breaking News: Melania Trump Goes Against Michelle Obama
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The firm that called the EXACT PEAK of the Dot-Com boom

has just issued another major prediction.

If you’ve got money invested in the market – and especially in popular tech stocks – this is critical information for the days ahead…

  FAREWELL ADDRESS: First Lady Melania Trump Delivers Final Message from the White House Read More

A Storm is Coming

THIS is the calm before the storm...

In just the past few weeks, a number of strange events
have begun to play out in the financial markets...

With almost ZERO fanfare or media coverage.

Here's what we're seeing:
  • Goldman Sachs, JP Morgan, Morgan Stanley, and Bank of America ALL quietly changing their stock outlook for 2021...
  • An historically unprecedented anomaly in the options market...
  • And a brand-new COVID-19 statistic that I haven't seen published ANYWHERE in the mainstream media.
Separately, these events all seem totally disconnected...

But together, they represent the rare market signal that one Finance PhD has been waiting for since stocks bottomed in March 2020.

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And he just issued a brand-new warning for what's coming to the stock market in 2021.

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Today's Top Stories

Biden's Plans to Upend Retirement Accounts

 

Biden's Plans for Retirement Accounts
With the left sweeping into power, thousands of Americans are taking action now to protect their retirement savings. If you have an IRA or 401(k), you might want to read this soon...

Here's How You Too Can Safeguard Your Savings

 

Millions to be Hit Hard by this Scheme to Confiscate Savings

 

Unsuspecting Americans to be Hit Hard by this U.S. Scheme to Confiscate Your Savings
Alan Greenspan, 20-yr Chairman of the U.S. Fed, reveals Washington's nasty trick to confiscate the savings of unsuspecting Americans.

Here's What Greenspan Says Can Protect Your Savings

 

China Just Launched this Attack on the USD

 

China Just Launched this Attack on the USD
China has taken the next big step towards dethroning the dollar as #1 global currency. And the weird thing is, it has created an intriguing opportunity...

Here's the Asset that Stands to Soar

 

The Sneaky IRS Tax Law that's Sweeping the U.S.

 

The Sneaky IRS Tax Law that's Sweeping the U.S.
Big banks and the IRS don't want you to know about the opportunity this IRS "Cheat Code" unlocks... That's not stopping it from sweeping the U.S...

Here's the Little-Known (but legal) "Cheat Code" for Your Savings
Today's Headlines...

Trump Presents Jim Jordan with Highest Honor Few Will EVER Receive

The REAL Way The Left Will Implement Mandatory Covid Vaccines

SPECIAL: Get a Free Don’t Tread on Me Flag Today (sponsor)

Glenn Beck Shreds the Media’s Latest Attacks on His Character

Dave Rubin slams AOC’s ‘media literacy’ commission

Columnists
Into the Opposition, We Go

Matt Vespa


Are Democrats Really This Dumb?

Derek Hunter


Why the Left Has To Suppress Free Speech

Dennis Prager


Our American Treasures Hidden in Plain Sight

Salena Zito


More Big Tech Manipulations: Twitter Appears to Be Shielding The Lincoln Project Amid Member Scandal

Brad Slager



Get Ready for More Obama-Era Green Energy Scams

Stephen Moore


Now, the Left Owns It All

Pat Buchanan


ESPN’s Dominique Foxworth, Other Doubters Silenced in Buffalo Bill Historic Divisional Win

Gabe Kaminsky


The Left's Fascist COVID-19 Response

Rob Jenkins


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Australia's News Media Bargaining Code Is Unworkable and Attacks American Companies

Andreas Hellmann



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
A Fatal Problem In Modern Economic Thinking

Amidst Global Warming Hysteria, NASA Expects Global Cooling

Why The Founding Fathers Were Skeptical About A Bill Of Rights

Dave Says: Where To Invest A Lump Sum Of Money

Why The Founding Fathers Despised Democracy


Tipsheet
Liz Cheney Gets Censured Over Impeachment Vote

Leah Barkoukis


The Issue That Hillary Clinton and Joe Biden Share Regarding Donors

Matt Vespa


What Caused Texas Governor Greg Abbott to Threaten to Never Deploy National Guard Units to DC Again

Matt Vespa


Here's the Protective Equipment the Michigan AG Is Telling All State Legislators to Invest In

Beth Baumann


MSNBC Producer Says Trump Gutted the GOP...And Then Facts Slapped That Hot Take in the Face.

Matt Vespa


Biden Squashes Trump's Attempt to Roll Back COVID Travel Restrictions

Beth Baumann


WATCH: Illegal Alien Admits Why the Central American Caravans Are Heading to the U.S.

Beth Baumann


On His Way Out the Door Trump Signs an Executive Order Aimed at Beltway Bureaucrats

Beth Baumann


What Policy Priorities Will Kamala Push in a Biden Administration? Her Senate Resignation Provides Insight.

Beth Baumann


Dem Senator Explains Why He's Changed His Mind on Cabinet Waiver

Cortney O'Brien


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Political Cartoons
Bearing Arms
D.C. Riot Latest Excuse To Rewrite Second Amendment History | Cam Edwards

A Lobby Day Message To Virginia Gun Owners | Cam Edwards

Boebert Sued After Blocking Critic On Social Media | Cam Edwards

Gun Control Groups Pushing Ban On Open Carry | Cam Edwards

OH Activists Concerned Over Stand Your Ground Law | Tom Knighton

Breaking News: Michelle Obama Says Melania Trump Turned Down Her...


FOX
Daily update January 19, 2021


NEWS

Fox News launches new opinion show with Bartiromo, Gowdy and Pavlich among the hosts
The new show called “Fox News Primetime” launches tonight with “Fox & Friends” morning show co-host Brian Kilmeade, as previously announced. The ...
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Trump couldn't have incited sedition without the help of Fox News
Trump couldn't have incited sedition without the help of Fox News. President Trump on a ...
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Fox News Is the Source of All Evil
The Rich family finally got tired of the lies and sued, but just before Sean Hannity and Lou Dobbs were about to testify in the case, Fox settled for millions ...
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Trump may issue 50 to 100 commutations, pardons before term ends; rapper Lil Wayne expected ...
Fox News has learned that there was a meeting at the White House on Sunday afternoon to finalize the growing list of pardons and commutations. But ...
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BREAKING: De'Aaron Fox has set a new career high with 41 points pic.twitter.com/DKFM1psH7M
Fox put up his best performance as a professional. He dominated the action, scoring a career-high 43 points on 17-of-27 shooting from the field and ...
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California man allegedly lived in airport for months because he was afraid to fly: report
Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. Authorities in Chicago announced the arrest of a California man ...
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Melania Trump releases farewell message: 'It has been the greatest honor of my life'
Committee to Defend the President Chairman and former Colorado Senator Ted Harvey discusses impeachment efforts on 'Fox & Friends First.'.
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NAACP chapter president under fire after sending genital picture to teen
Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. The president of a recently reactivated NAACP chapter in New York ...
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Live Updates: West Front of Capitol evacuated, staffers told to stay inside due to 'external security ...
... Police, obtained by Fox News, read. "All personnel currently on the Capitol Complex are advised to stay indoors and away from windows and doors.
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Liberal media, Big Tech increase calls to 'deprogram,' deplatform Trump supporters
Fox News contributor Dan Bongino reacts to calls for Big Tech to suppress conservative voices. Liberal journalists and social media voices have stepped ...
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WEB

'Field of Flags' on the National Mall
The "Field of Flags" art display is illuminated on the National Mall ahead of Inauguration Day.
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See more results | Edit this alert


Today's Top Headline

New Study Finds Evidence of Water Ice Clouds on the Moon

 

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Homeowners With Roofs Older Than 8 Years Need To See This...

 

Trending

What Are Black Holes And How Do They Work?

Identity Theft Protection – Why You Need It

How To Win Your Fantasy Hockey League

HERE WE GO AGAIN: Tlaib Says ‘It’s Really Important to Understand Israel is a Racist State’ Read More 

BREAKING: First Lady Melania Trump Sends Heartwarming Farewell Address To The American People
Trump’s 1776 Commission Calls for National Unity Around America’s Founding Values
Pelosi Panicking: Sends Letter to Acting Defense Secretary Miller Attempting to Halt New NSA General, Saying “It Is Highly Irregular and Highly Suspect”
‘The View’ Co-Host Sunny Hostin Scolds Republicans Quoting MLK: ‘You Enabled A Racist President’
Hillary Clinton Wonders if Trump Spoke to Putin on Day of Capitol Riot: ‘I Would Love to See His Phone Records’
ALSO BORN ON THIS DAY
1946
Dolly Parton
American musician and actress
1889
Sophie Taeuber-Arp
Swiss French artist
1809
Edgar Allan Poe
American writer
1943
Janis Joplin
American singer
1807
Robert E. Lee
Confederate general
1736
James Watt
Scottish inventor
SEE ALL BIOS ON THIS DAY
January 19
Paul Cézanne: The Basket of Apples
FEATURED BIOGRAPHY

Paul Cézanne

READ MORE
 
Indira Gandhi
FEATURED EVENT
1966
Rule in India transferred to Indira Gandhi

READ MORE



E EVENTS ON THIS DAY
Stan Musial
2013: American baseball player Stan Musial, who was one of the game's greatest hitters, died at age 92. [Test your knowledge of baseball.]
2012: The popular file-sharing computer service Megaupload was shut down by the U.S. government after several people associated with the site, including founder Kim Dotcom (Kim Schmitz), were charged with violating antipiracy laws.
Hedy Lamarr
2000: Austrian-born actress Hedy Lamarr, who was often typecast as a provocative femme fatale and later achieved recognition as a noted inventor of a radio communications device, died in Florida. [Read about seven celebrity inventors, including Hedy Lamarr.]
Iva Toguri D'Aquino
1977: U.S. President Gerald Ford pardoned Iva Toguri D'Aquino (Tokyo Rose), a Japanese-American broadcaster from Japan to U.S. troops during World War II, who, after the war, was convicted of treason and served six years in a U.S. prison; mitigating information later raised questions about her guilt. [ Sort fact from fiction in our quiz about World War II.]
Dolly Parton and Kenny Rogers
1946: American country music singer, guitarist, and actress Dolly Parton, who was best known for pioneering the interface between country and pop music styles, was born. [ Sort fact from fiction in our music quiz.]
Janis Joplin
1943: American singer Janis Joplin, who was known for her fierce and uninhibited musical style, was born. [Take our quiz about singers, musicians, and composers.]
SEE ALL EVENTS ON THIS DAY

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Will Biden Kill Trump's National Garden of American Heroes?

Trump just announced who will be in his National Garden of American Heroes but Biden can kill the plan. Here's the list >>>  CLICK HERE

 
The Daily Wire

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