HUGE
DEVELOPMENT: Hand Recount Finds Dominion Owned Voting Machines Shorted
EVERY REPUBLICAN Candidate in Windham, New Hampshire, 300 Votes!
URGENT POLL
Is a Joe Biden Presidency Bad for the American Economy?
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SPONSORED BY
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Good morning.
One of our writers, Toby Howell, won’t stop talking about a new
training program he’s been sticking to. Created by Andy Frisella, it’s
called “75 Hard” and requires a specific set of tasks to be completed
every day for 75 days in a row. The tasks:
- Complete two separate, 45-minute workouts. One of those has to be outside.
- Drink one gallon of water
- Read 10 pages of a nonfiction book
- Stick to a diet of your choosing
- Take a progress picture
Toby's on day #29 and supposedly has "developed a rhythm." Anyone want to join?
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NASDAQ
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13,972.53
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- 0.25%
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S&P
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3,909.88
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- 0.03%
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DOW
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31,437.80
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+ 0.20%
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GOLD
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1,844.20
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+ 0.36%
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10-YR
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1.130%
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- 3.10 bps
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OIL
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58.39
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+ 0.05%
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*As of market close.
Here's what these numbers mean.
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Government: Catch up on Day 2 of Trump’s impeachment trial, the first full day of arguments.
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Covid: Putting a cloth mask over your surgical mask—a double-mask, if you will—offers significantly more protection against the coronavirus, the CDC said yesterday. Meanwhile, cases continue to plummet in the US, though the presence of more contagious variants clouds any future outlook.
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Economy: Fed Chair Jerome Powell went glass three-quarters empty
in a speech to the Economic Club of New York yesterday. He said the
fragile economy needs continued support from the Fed, and that
unemployment numbers understate the true impact of the coronavirus on
the labor market.
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Francis Scialabba
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Elon Musk tweeted yesterday
that he’s going to have a conversation with Kanye West on Clubhouse,
the fast-growing audio-based social media app. It’s not clear when
they’ll chat, but we’ll be sure to relay the Musk-West 2024 campaign’s
policy proposals as soon as we hear them.
The backstory on Clubhouse
Clubhouse
perfectly timed its April 2020 launch to coincide with a global pandemic
that kept everyone in their homes and dependent on their phones for
social interaction. In May, it raised $12 million from venture
capital/media company Andreessen Horowitz, and raised another round last month at a $1 billion valuation.
How big is it?
With its invite-only model, Clubhouse is sacrificing viral growth for
the image of “exclusivity.” But plenty of people are still finding their
way on. In late January, the startup said over 2 million people used
the app in one week.
It’s helped
that some of those users are huge names. Elon Musk interviewed Robinhood
CEO Vlad Tenev about GameStop mania. Drake and Tiffany Haddish have
hopped on. A few Morning Brew employees are known to dabble.
- One other
notable Clubhouse member: Mark Zuckerberg, who chatted about
augmented/virtual reality. He apparently liked his time on the app a
lot—Facebook is reportedly in the early stages of building a Clubhouse competitor (Twitter has already launched one, known as Spaces).
So what do you think?
Is Clubhouse a pandemic fad or will it eventually replace all physical human interaction?
Proponents of Clubhouse say the audio format allows for deep, spontaneous, respectful conversations—the
kind existing social media platforms aren’t exactly known for. For
example, before it was shut down in China, the app provided an uncensored space for residents to debate the government’s actions.
Skeptics
say, “Let’s see how many of you want to be on Clubhouse when the Foo
Fighters are playing Jones Beach,” arguing that interest will level off
post-pandemic. Plus, the company hasn't figured out its revenue model,
and many of the conversations are simply boring.
What’s your take? Vote here.
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Dimitrios Kambouris/Getty Images
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Generally
speaking, pausing Rihanna is a recipe for a dance floor revolt. But in
the face of disappointing sales, French luxury conglomerate LVMH has decided to do just that with the singer’s upscale fashion house, Fenty.
The backstory: Fenty
launched in May 2019 to much excitement about a beloved celebrity with
innovative personal style inaugurating a new era for old-fashioned LVMH;
Fenty was the conglomerate’s first original house led by a woman. But
then the coronavirus showed up and clobbered the luxury sector, especially newer, more experimental brands like Fenty.
- Fenty’s
products, mostly luxury streetwear, also suffered from a minimalist
distribution strategy and struggled to find a niche.
Big picture: The
winding down of Fenty only applies to RiRi’s foray into luxury fashion.
Her skincare and cosmetics lines of the same name, plus the lingerie
brand Savage X Fenty, are doing just fine. Savage X Fenty actually just
raised $115 million in a round led by private equity firm L Catterton.
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Jeff Ludes/Archer Aviation
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Yesterday, electric aircraft startup Archer said it will SPAC into the public markets in a deal that values it at $3.8 billion.
- Companies
focused on electric mobility are developing a reputation for checking
the “go public via SPAC” box before the “develop a commercially viable
product” one. Archer plans to unveil a prototype later this year, but
consumer flights aren’t expected until 2024.
But wait, there’s more. United Airlines said it planned
to buy up to 200 of its younger, more eco-friendly cousin Archer’s
flying taxis for $1 billion. It likes Archer’s pitch to whisk passengers
short distances (up to 60 miles at 150 mph) across urban areas to
airports, with a reduced carbon footprint.
Zoom out: Clubhouse
and SPACs are in a riveting staring contest as the business world's top
pandemic trends. SPACs, or special purpose acquisition companies, have
raised more than $38 billion so far this year.
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Cannabis stocks blazed higher
yesterday, powered in part by increased interest from retail traders
who maybe got tired of pumping dogecoin for a brief moment. Canadian
cannabis company Tilray was the biggest winner, closing the day up 51%.
Aurora Cannabis and Canopy Growth gained 21% and 6%, respectively.
Before you ask...
It’s not
really a GameStop situation. Yes, cannabis stocks are getting attention
on Reddit forums (one post with over 100k upvotes said, “Weed about to
make me a millionaire in 2021”), but the epic short squeeze that helped
fuel GameStop’s rise isn’t happening on the same scale this time around.
- Short interest in Tilray currently stands at around 23% of shares outstanding, compared to the 114% GameStop was dealing with at one point.
- Plus, a pending merger between Tilray and another major Canadian pot company helps explain some of the investor optimism.
Zoom out: Outside of message boards or M&A hype, the common drumbeat behind weed stocks’ recent surge has been the Democratic party’s intention to legalize it at a national level.
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Unreal
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Yesterday, Fortnite creator Epic Games debuted its latest development tool that can help video game makers create hyper-realistic faces, facial animations, and body movements.
- Powered
by Epic’s Unreal Engine 5, “MetaHuman Creator” is basically a
supercharged customize-your-avatar software for developers.
It’s a big deal
Anyone who’s played NBA2K or FIFA
knows that developers haven’t quite nailed a truly believable human
avatar. And it’s not for lack of trying: “Even the most experienced
artists require significant amounts of time, effort, and equipment, just
for one character,” Vladimir Mastilovic, the VP of Digital Humans
Technology at Epic, said in a statement. But with MetaHuman, characters
that used to take months to design can now be created and customized in a
matter of minutes.
Bottom line: For decades, Epic has been leading the charge to build a virtual meta-reality, especially in its most popular game, Fortnite.
This latest advancement, which will be available to developers as a
free sample for now, will help bring other studios along with it.
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President Biden
held his first call with Chinese President Xi Jinping. The White House
said Biden brought up China’s tightening control of Hong Kong and human
rights abuses in the Xinjiang region.
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The NBA
will require all teams to play the national anthem before games, one
day after Mavericks owner Mark Cuban said he stopped playing the anthem
before Mavs games.
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Uber’s
net loss narrowed 20% last year, and its surging delivery business is
continuing to save the day after gross bookings for ride-hailing plunged
50% in Q4.
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TikTok’s forced sale to Oracle/Walmart was put on hold indefinitely by the Biden administration, according to the WSJ.
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GM earnings highlights:
a strong Q4, but it warned that the chip shortage would knock this
year’s profits by up to $2 billion. It has no plans to follow Tesla and
invest in bitcoin.
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Let’s talk tools. E*TRADE has a lot of them, and they all help you do way more
than just trade. We’re talking banking, retirement solutions, and all
kinds of online investing options made easy to understand and access all
in one place. Put your money to work with E*TRADE today.
*Paid Advertisement
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Francis Scialabba
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Today, Brew’s Bookshelf is following NASA, the UAE, and China on some interstellar exploration. Join us on the final frontier with one of these books:
- Being an astronaut sounds glamorous...but Mary Roach’s Packing for Mars will leave you laughing and, at times, cringing at the reality of human space exploration.
-
How to Make a Spaceship
by Julian Guthrie looks at the innovators who raced to develop reusable
rockets for Peter Diamandis’s X Prize competition, which dangled a $10
million prize to spur commercial interest in space travel in the 1990s.
- Christian Davenport’s The Space Barons profiles billionaires including Jeff Bezos and Elon Musk who have trained their sights on the stars.
Check out more of our favorite biz-related reads here.
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We’ve got
killer dolls, bird poop, and much more in today’s headline quiz. You
know the drill: Three of these crazy headlines come from real news
stories, and one we made up. Can you spot the fake?
- “No, Chucky the killer doll isn’t on the loose, Texas officials say after Amber Alert”
- “Seabird poop is worth more than $1 billion annually”
- “Wilbur Ross sees future in a SPAC, and ‘Trump Condos on the Moon’”
- “Inventor of ‘I Can’t Believe It’s Not Butter’ launches new product, ‘I Can’t Believe It’s Not Vodka’”
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Unfortunately, there is no such thing as "I Can't Beleive It's Not Vodka"
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| ADVERTISEMENT |
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February 11
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| FEATURED BIOGRAPHY
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| René Descartes
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| FEATURED EVENT
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| 1858
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| St. Bernadette's first visions of Mary at Lourdes
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Liz Cheney Lost The Battle By Converting The Republican Voters Against Donald Trump
Beware of Joe Biden's Coming Socialism...
Blockbuster New Book Reveals Details of Creeping Socialism and Why the Democrats Have Embraced a Radical Agenda for America!
AOC, Pelosi Have a Terrible Surprise for You
February 11th, 2021
| Impeachment Day 2 – Democrats Have Yet To Prove A Real Case Of Incitement In Senate Trial |
| In the second day of the impeachment trial of former President Donald Trump, Senators heard exclusively from Democrat Ho [...] |
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Biden admin: We’ll continue Trump DOJ’s extradition of Julian Assange
Dear California, your president wants you to back off your Governor
Republicans fight back: 14 states consider lawsuit over Keystone Pipeline
Biden Mulls Domestic Travel Restrictions Despite Improving COVID Backdrop
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