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Good morning. After another big day yesterday, GameStop shares have jumped more than 500% since Keith “Roaring Kitty” Gill told the House Financial Services Committee, “I like the stock.”   Alright, here goes nothing: I like the Brew.

MARKETS NASDAQ 13,073.82 + 3.69% S&P 3,875.44 + 1.42% DOW 31,832.74 + 0.10% GOLD 1,713.40 - 0.20% 10-YR 1.532% - 0.30 bps OIL 63.91 - 0.16% *As of market close. Here's what these numbers mean. Markets: Tech. Is. Back. At least for a day. The Nasdaq soared, Tesla jumped nearly 20%, and Ark Innovation, the buzzy exchange-traded fund we mentioned was struggling this year, had its best day ever yesterday. Economy: The US House will vote on President Biden’s $1.9 trillion stimulus package today, and it’s expected to vote “yea.” Biden could sign the historic bill later this week. Covid: Alaska opened up vaccine eligibility to anyone 16 and older who lives or works in the state, becoming the first US state to remove eligibility requirements.

ENTERTAINMENT Disney Plus, Indeed

Neal Freyman/Disney Yesterday, Disney CEO Bob Chapek announced that streaming service Disney+ has notched over 100 million subscribers just 16 months after launch.  That's "your cousin who just turned 15" growth—or in more relevant terms, "halfway to Netflix" growth. It took Netflix nearly six years (after it first began reporting streaming sub numbers) to hit 100 million subscribers. It only recently hit 200 million. Disney+ had initially targeted 60–90 million subscribers by 2024, but it smashed that goal in November. Now it's projecting 230–260 million by 2024, which would mean surpassing Netflix. Speaking of Netflix, co-CEO Reed Hastings has named Disney his top competitor. He told Bloomberg last September, “If you’d asked us a year ago, ‘What are the odds that [Disney+ is] going to get to 60 million subscribers in the first year?’ I’d be like 0. I mean how can that happen? It’s been super impressive execution.”  How we got here Disney+ series including The Mandalorian and WandaVision, plus films such as Soul, drew even more eyeballs than anticipated—likely because of the pandemic. When the WandaVision season finale dropped on Friday, so many people rushed to watch it that the service crashed for some users.  The company is adjusting for that unexpected popularity, which means going from an entertainment company with a streaming service to a streaming service that sells Mickey Mouse hats. Disney is restructuring its media and entertainment divisions to focus on the platform, and it announced plans for about 100 new projects, 80% of which are for Disney+.  "Our direct-to-consumer business is the company's top priority," Chapek said yesterday.  Disney hasn't forgotten about parks, though  With California relaxing restrictions on theme parks, Chapek said Disneyland will open in late April, while the company's Florida parks are currently open at 35% capacity. And people are hankering for some magic—all four Walt Disney World parks are completely booked next week.  Bottom line: Though Disney+ is growing rapidly, Disney isn't making nearly as much money per subscriber as Netflix does. Its first price bump is coming March 26.

TECH Checking in on Microsoft's Cyber Team Giphy After disclosing that Chinese hackers infiltrated its Exchange email server, Microsoft's hack has escalated this week from bad (stolen emails) to worse (hackers installing backdoors) to a Fyre Fest sequel. An estimated 60,000 organizations are compromised, including many US small businesses and local governments—the very groups least able to afford this kind of breach, per former US cybersecurity director Chris Krebs.  Tens of thousands of Asian and European organizations are also affected, including the European Banking Authority.  Last Tuesday, Microsoft issued security patches (which users must manually install) to prevent further intrusions. But like if Tiffany announced it left the jewelry cases unlocked, bad guys descended: At least five different hacker groups are now also exploiting Microsoft clients who haven't secured their systems. Zoom out: Cyberspace is the new frontline for two of President Biden's top geopolitical foes. His administration is weighing sanctions or a counterattack against Russia for last year's SolarWinds hack, which compromised ~18,000 organizations and several US agencies. Now, it may have to do the same with China.

ENERGY Martha's Windy Vineyard Mischa Keijser via Getty Images Come 2023, summers in Martha's Vineyard won't be complete without a trip to Larsen's Fish Market, an Obama spotting, and some grumbling about the new view: a landmark $2.8 billion offshore wind project that's nearing federal approval. The specs: Up to 84 turbines located 12 nautical miles (~14 normal miles + motion sickness) off the island. It'll generate enough power for 400,000 homes and connect to the New England grid via Cape Cod.   This project has been two decades in the making as developers wrestled with fishing industry concerns and the Not on My Beach crew (it was relocated several miles south to remain out of sight of the Kennedy compound).  It'd be a breakthrough for domestic offshore wind in the US, and the Biden administration hopes this project will kick the industry into high gear.  About two dozen East Coast wind projects are in various stages of development, and several states in the region have promised to purchase at least 25,000 MW of offshore power by 2035. Zoom out: It's progress, but the US is far behind Europe, which has thousands of offshore turbines and posted a record $32 billion in investment last year. The EU is trying to increase its wind capacity twelve-fold by 2050.

SPONSORED BY ATHLETIC GREENS A Healthy Lift in Every Sip You know that dang-I-am-healthy feeling often experienced while munching avocado toast? You can get that, but even better, with Athletic Greens.  Athletic Greens doesn’t just pack one health punch, it delivers a flurry of punches that help support gut health, immunity, and nutritional insurance. Just a single punch—er, scoop—of Athletic Greens contains 75 vitamins, minerals and whole food-sourced ingredients.  That means that instead of cobbling together your daily nutritional boost from different sources (multivitamins, probiotics, adaptogens, and greens), Athletic Greens combines it all into one simple, tasty drink. We often tout ourselves as perfectionists writing this newsletter, but honestly? Athletic Greens is in a class of their own—they’ve done 52 iterations over the last decade...and counting. Plus, right now Athletic Greens is offering a year’s supply of vitamin D and five free travel packs to get you through this winter and the next.  Get your Athletic Greens and a whole lotta healthy freebies right here.

GRAB BAG Key Performance Indicators Pedro Martinez/Getty Images Stat: One of the racing yachts competing in the America's Cup, a sailing competition that began today in New Zealand, hit a max speed of 61.5 miles per hour in training. These things fly. Quote: "A global economic recovery is in sight."  The Organization for Economic Cooperation and Development (OECD), a group of wealthy countries, raised its global economic forecast thanks to momentum with vaccine rollouts and the new round of US government stimulus. Biden's relief plan alone will lift global economic growth by one whole percentage point this year, the OECD's chief economist told the FT. Read: Microsoft Excel is undefeated. (Not Boring) Speaking of, what a snub by the Brew's Selection Committee for the GPOAT bracket.

Q&A Reader Q&A: And for That Reason I’m In Every Wednesday, we answer a reader-submitted question about business and the economy. Got something to ask us? Click here. Q from Maggie: How does startup funding, such as Series A, B, C, etc., work?  The Brew's A: Startups typically fund themselves by raising money from outside investors, and each time they do, it's called a funding "round." Each round represents another stage in the startup's life. Pre-seed funding round: Think of this as the Steve Jobs's garage stage. Your startup doesn't have a concrete product, but you have a good concept. Your funders aren't professional investors, just friends or family who want to see you succeed. Seed: You’ve shown there’s a market for your product, which attracts interest from "angel investors," individuals who fund early-stage companies.  Series A: Launch time. You've achieved proof of concept, and investors known as venture capitalists are analyzing data on what you achieved with past investments.  Series B: Your business model has proven itself, but you need to expand. You might use the funds to explore new markets, grow teams, or hire a really expensive person on Cameo to make an appearance at an all-hands.  Series C: Press that scalerator to the floor. You're an established business, but you want to eat up more market share, develop new products, or even make acquisitions.  Then, it might be time to IPO (or SPAC?) into the public markets.  Hope this helps—and if you'd like a video version of this explainer that will make you giggle, watch this. If you have any other questions on business or the economy, ask here.

WHAT ELSE IS BREWING Unilever, the consumer goods giant, is removing the word "normal" from its packaging to be more inclusive. Boeing last month received more orders for its planes than cancellations for the first time since November 2019. Piers Morgan resigned from the show Good Morning Britain following comments he made about Meghan Markle's mental health.  Four pharma companies will use tax breaks to offset the $26 billion settlement they're paying for their role in the opioid crisis. Online game platform Roblox is going public via a direct listing today. It was valued at $29.5 billion in January.

BREW'S BETS Stock picks with serious potential are hard to come by. So when you hear the cofounders of The Motley Fool have found five new ones—your ears perk up. Grab your copy of “5 Growth Stocks Under $49” right here.* Your ideal diet is written in your genes. GenoPalate is a DNA test that shows you how to eat for your genes, meaning you can eat smarter without the guesswork—like discovering nutrient recs and undetected food sensitivities. Start living healthier with GenoPalate here.* I Am Legend vibes: Listen to "Africa," "Somebody That I Used to Know," and "Redbone" echo through abandoned shopping malls.  Moving? Try using this simple room-planning site.  Cool companies: Fast Company's world's most innovative company list is here.  *This is sponsored advertising content

GAMES A Starboard Is Born On a bit of a sailing kick right now, which means you all will be subjected to sailing trivia. Can you name the following parts of a sailboat?

Improve Sailing

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ANSWER

A. Mast
B. Jib
C. Deck
D. Bow 
E. Hull
F. Keel
G. Rudder
H. Stern
I. Cockpit
J. Boom
K. Mainsail 

	FOX Daily update ⋅ March 10, 2021
	NEWS
	FOX Nation's Nancy Grace to Host “America's Most Wanted Overtime” Valdosta Daily Times FOX Nation, FOX News Media's on demand subscription-based streaming service, will debut a new program hosted by Nancy Grace in collaboration ... Nancy Grace Signs New Deal With Fox Nation, Will Host 'America's Most Wanted Overtime' - Deadline FOX Nation's Nancy Grace to Host "America's Most Wanted Overtime" - Yahoo Finance Full Coverage Flag as irrelevant
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FEATURED EVENT

1933

Opening of the Nazis' first concentration camp

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FEATURED BIOGRAPHY Kim Campbell READ MORE

March 10

MORE EVENTS ON THIS DAY

2006: NASA's Mars Reconnaissance Orbiter entered Mars orbit and began searching for signs of water on the planet. [Test your knowledge of Mars.]

1997: The cult television series Buffy the Vampire Slayer premiered; created by Joss Whedon , the show centred on Buffy Summers, “an alternative feminist icon” who battles vampires, demons, and other assorted supernatural forces of evil. [Take our quiz about famous vampires.]

1969: James Earl Ray pled guilty to murdering American civil rights leader Martin Luther King, Jr., and was sentenced to 99 years in prison. [Was Martin Luther King, Jr., a Republican or a Democrat?]

1903: American playwright and politician Clare Boothe Luce —who was noted for her satiric sense of humour, which she displayed in such oft-quoted aphorisms as “No good deed goes unpunished”—was born. [Test your knowledge of literary devices.]

1903: American jazz cornetist Bix Beiderbecke, an outstanding improviser whose style is characterized by lyricism and purity of tone, was born in Davenport, Iowa. [Take our music quiz .]

1876: Alexander Graham Bell's “liquid” transmitter design permitted the first transmission of speech by Bell to his assistant, Thomas Watson. [ Sort fact from fiction in our quiz about inventions and inventors.]

SEE ALL EVENTS ON THIS DAY

Columnists Royal Pains Kurt Schlichter The Real Experts John Stossel Why the Cuomo Case Drives Republicans Crazy Byron York Biden's General Amnesia Gets Spiked Tim Graham What's Causing America's Baby Bust? Star Parker Elites Moving to Desolate Islands – Why? Sponsored by: Legacy Research The Democrats’ So-called ‘Freedom From Influence Fund’ Is Anything But Phill Kline Biden's COVID-19 Plan: Force Taxpayers To Pay For Abortions Terry Jeffrey Warp Speed's Manhattan Project Success Doesn't Mean the Wuhan Virus War Is Over Austin Bay Royal Family is Finally Providing Bang for the Buck Rachel Marsden ADVERTISEMENT Why Dr. Seuss Had to Go Ben Shapiro Is Trumka Paying Attention to the Big Picture? Jenny Beth Martin National Concealed Carry Reciprocity – Not More Gun Restrictions – Will Help Keep Americans Safe Tim Schmidt Jen Psaki: American Rescue Plan ‘One of the Most Progressive Pieces of Legislation in American History’ Chris Talgo How Utterly Absurd that So-Called Pro-Life Evangelicals for Biden Now Feel Betrayed and Used Michael Brown "No More $$$ to RINOs!" John and Andy Schlafly Cancel Culture Commands: 'Let Them Eat Fake' Pierce Roberts The King Is Dead, Long Live the Burger Peasant? Bob Barr The Media Could Have Saved Lives if They Covered Cuomo Half as Critically as They Did Trump’s Ice Cream Adam Weiss INVESTING No, Rev. Warnock, The Bible Does Not Preach Socialism! In One Image, Everything You Need To Know About Government Intervention Bond Vigilantes Intend to Test the Fed’s Resolve - Bryan Perry Seven Top Trucking Stocks to Buy for the Post-Pandemic Recovery - Paul Dykewicz

Tipsheet Piers Morgan Is Now Being Investigated by Ofcom Over Markle Comments Leah Barkoukis Tucker Carlson Takes a Break from Regular Programming to Absolutely Shred Meghan Markle Matt Vespa Five Republicans Vote with Democrats to Pass the Anti-freelancing Bill Known as the PRO Act Beth Baumann Devin Nunes Lists Off the Reasons Why China Views Biden as a 'Joke' Beth Baumann Immigration Crisis Is So Bad DHS Is Asking Staffers to 'Volunteer' Alongside Border Patrol Beth Baumann The Key Voter Groups Who Could Bolt from Democrats If the ‘Defund the Police’ War Cry Continues Matt Vespa Arkansas Governor Signs Additional Restrictions on Abortion Into Law Reagan McCarthy Poll Shows Independent New York Voters Less Likely to Support Democrats Who Stand by Cuomo Reagan McCarthy Psaki Makes a Stunning Admission About the Number of Unaccompanied Kids Coming Across the Border Katie Pavlich Sixth Woman Comes Forward to Accuse Gov. Cuomo of Sexual Misconduct Cortney O'Brien ADVERTISEMENT Political Cartoons Bearing Arms Massachusetts Gun Law Fail Shows Folly Of Universal Background Checks | Bearing Arms Contributor Arrest Shows Continuing Futility Of Gun Control Laws | Tom Knighton Chicago Paper Has Problem With 10th Amendment Too | Cam Edwards CO Congressman Explains Why He's a "No" Vote For Gun Control Bills | Cam Edwards Gun Control Activist: Biden Should Direct Stimulus Funds To Anti-Violence Programs | Cam Edwards

 

The Minneapolis Effect: Anti-Police Movement Imposing Severe ‘Murder Tax’ Leaked Facebook Teachers Union group post warning not to take photos on vacation National Guard DC Deployment To Last Two More Months Poll: Joe Biden Is Not ‘Up to the Job’ Say 50% of Likely Voters