BREW WITH HEADLINES

 

TOGETHER WITH

Good morning. Lots of music festival news lately—Outside Lands opened ticket sales for October, while Coachella and Stagecoach are reportedly delayed until 2022. Cannot wait to reintroduce ourselves to the world of sweaty strangers, undercooked tacos, and $15 water. But before that, scroll down for one of the best Follow Fridays yet.

MARKETS NASDAQ 13,116.17 - 3.02% S&P 3,915.50 - 1.48% DOW 32,862.37 - 0.46% GOLD 1,731.40 + 0.25% 10-YR 1.720% + 7.40 bps OIL 58.99 - 8.68% *As of market close. Here's what these numbers mean. Markets: A day after the Fed boosted its projection for economic growth this year, stocks sank and the yield on the 10-year Treasury note climbed to 1.7% for the first time since January 2020. Covid: Major European countries including France and Germany will restart administering AstraZeneca's Covid-19 vaccine after the EU's drug regulatory agency said that it was safe and effective. More than a dozen countries had suspended use following concerns over blood clots.

FINANCE Goldman Sachs Finds Out How Much Is Too Much Francis Scialabba Goldman Sachs bankers have become a little too familiar with their Zoom reflection.  In a survey circulated to managers, 13 analysts in Goldman's investment banking division reported sharply deteriorating mental and physical health from working almost 100 hours/week in what one described as "inhumane" conditions. They asked managers to cap their hours at 80/week, allow more time to prepare for client and team meetings, and guarantee Friday nights and Saturdays off (unless there's a pre-approved exception).  If conditions don't improve, analysts said there's only a 35% chance they'll still be at Goldman in six months.  A spokesperson said the bank is listening and trying to address concerns, including by hiring more junior bankers and transferring some employees to help. But execs probably don't want to address the root problem. Business is reallllly good  Wall Streeters know they're accepting heavy workloads in exchange for a salary that keeps their seat warm at Nobu. But the recent explosion in dealmaking has been more than some bargained for.  The global IPO market has had a record Q1, with 600+ issuers raising over $162 billion, according to Bloomberg. And you already know what's driving it. SPACs. IPOs of special purpose acquisition companies have raised over $83 billion this quarter, eclipsing 2020’s entire haul. As a leading merger advisor, Goldman is raking in business. It's advised 32 SPACs in Q1 for $9.2 billion in proceeds, according to Refinitiv data. Only Citigroup's got it beat with 56 SPAC IPOs for $10.5 billion.  CFO Stephen Scherr says Goldman's deals backlog is at a record high. In the market, over 400 SPACs with $131 billion in cash are looking for companies to merge with.  Zoom out: As SPACs continue to IPO with huge valuations, analysts are worried about market "indigestion." Shorts against SPACs have more than tripled since the start of the year to $2.8 billion, according to data from S3. And the SEC recently warned investors to treat celebrities' SPACs with the same skepticism as their Proactiv commercials.

SPORTS Thinking About the NFL's New TV Deal The NFL just announced new media rights deals that make the Patriots’ free agency spending spree seem like a trip to Nordstrom Rack. The league will nearly double its media revenues to a reported $113 billion over 11 seasons, flexing its position as the undisputed king of the TV castle. The new deals will start up in 2023.  The details: Several of the NFL’s media partners (including CBS and NBC) will keep their current schedule. But there are some important changes. Amazon gained exclusive rights to broadcast Thursday Night Football on its Prime Video service. It’s the first time a streaming service has been granted an exclusive package of NFL games. Disney’s ABC notched a few more games, including the biggest one of all: It’ll be included in the rotation to air the Super Bowl. Zoom out: “The new contracts show the balance the league is trying to strike by embracing digital platforms, as younger audiences migrate to them, without alienating fans used to watching games on TV,” writes the WSJ. NFL viewership declined 7% last season.

SUPPLY CHAIN Supply Chains Need a Factory Reset Str/Getty Images The global economy relies on a highly intricate system that brings raw materials to places at precisely the moment when they're required. Like your social skills, that system is completely out of whack right now, reports the WSJ. You know about the pandemic-induced chip shortage—but manufacturers are also lacking other materials. This week, Toyota and Honda said they're cutting production in North America because they don’t have enough petrochemicals. The deep freeze that hit Texas in February knocked many chemical plants out of commission, and they won't be fully firing again for at least a few months. Without chemicals, it's hard to create plastic. Now, a plastic shortage is causing headaches for companies making smartphones, medical equipment, and siding for houses.  Got room for one more? How about a wood shortage. Demand for lumber by home builders has outstripped supply to the point where prices have shot up more than 180% since last spring.  Bottom line: There isn't one primary driver of supply chain chaos—it's simply a series of unfortunate events.

SPONSORED BY QUICK BASE Data, Take the Wheel When you have data in the driver’s seat, it’s a smooth ride. And with Quickbase as your vehicle, you can transform the way you run your business. Quickbase is a no-code operational agility platform that enables organizations to improve operations through real-time insights and automation.  Key word: no-code. That means that you don’t have to be a tech buff to build apps that are designed to meet the specific needs of your team.  Quickbase can look totally different for different organizations. Businesses with complex supply chains use Quickbase to manage processes like vendor management and quality control, while smaller companies might use Quickbase as an all-in-one operations platform.  Point is: Whatever kind of business you’re driving, Quickbase makes it easy to put data in the front seat.  See how far you can go with the power of custom software to connect people, information, and ideas.  Get a free, personalized Quickbase demo today.

GRAB BAG Key Performance Indicators Stephen Lam/The San Francisco Chronicle via Getty Images Stat: Nearly half the US is in at least a moderate drought right now, according to the National Oceanic and Atmospheric Administration. Affecting roughly 74 million Americans, particularly in the Southwest, it's the worst spring drought since 2013. Quote: "God bless America." Ontario Premier Doug Ford was seeing stars and stripes when he heard that the Biden administration is sending 1.5 million doses of the AstraZeneca vaccine to Canada, where the vaccine rollout has been slow due to a supply shortage. With shipments also headed to Mexico, this is the first time the US is sending vaccines abroad.  Read: Should we bring back the World's Fair? (Cameron Wiese)

ENTERTAINMENT No Longer a Warp Pipe Dream Philip Fong/Getty Images After years of fan requests and months of Covid-related delays, Super Nintendo World opened at Universal Studios Japan in Osaka on Wednesday. Mario creator Shigeru Miyamoto oversaw the park's design himself, and it shows in the details:  A Mario Kart-themed augmented reality ride Wearable Power Up wristbands that trigger mini-games throughout the park  Mushroom Cream popcorn (when in the Mushroom Kingdom…) The park plans to observe all Covid-era safety protocols: social distancing, masks, and limited occupancy.  Why now? Japan's vaccine rollout is speeding up and, elsewhere in the country, Tokyo is lifting its state of emergency Monday. Unfortunately for stateside Nintendo fans, Orlando's version of the park is still delayed until 2025, but you can virtually tour the attractions in Osaka on YouTube.

QUIZ Daylight Quizzing Time Francis Scialabba The feeling of getting a 5/5 on the Brew's Weekly News Quiz has been compared to correctly assembling furniture without looking at the instructions. It's that satisfying. Ace the quiz.

WHAT ELSE IS BREWING Google will invest $7 billion in US offices and data centers this year, creating 10,000 full-time jobs. Peloton has issued new safety warnings after an accident on one of its treadmills resulted in the death of a child.  Facebook is giving an inside look at how a wristband will interact with its upcoming augmented reality glasses. Neat stuff.  Teen Vogue's incoming editor-in-chief has resigned following backlash over tweets she posted in 2011. Nike sales fell short of expectations last quarter due to inventory delays related to port congestion. Supply chains are out of whack, indeed.

BREW'S BETS Green is good. 230 million Americans now have some form of access to legal cannabis. And GEO (Good Earth Organics) is making the soil that make all that green really grow. Invest in GEO—a key supplier to hemp and cannabis growers—and get all the dirt on this opportunity here.* Shoot your morning routine to the mushroom moon. Four Sigmatic Ground Mushroom Coffee with Lion’s Mane is smooth, crash-free coffee that supports your immune system with every cup. Organic, fair trade, and ready to brew however you please—tasty. Sip it for up to 40% off here.* GPOAT: Yes, the first round of the men's D1 college basketball tournament begins today, but that's not the only bracket we're following. The Greatest Product of All Time tournament will narrow the field to the Final Four, and we need your help. Vote on your favorite product starting at 9am ET.  Follow Friday: DoodleChaos's YouTube videos are mesmerizing. Sled through Beethoven's Fifth, race across an EDM track, or follow these juggling phones. More Japan fun: Explore Tokyo with this amazing interactive map full of live cams.  *This is sponsored advertising content

GAMES Friday Puzzle Not gonna lie, this one is hard...but give it enough time and you can figure it out. All of the following words, except one, share a common characteristic. Which word is the odd one out? town events flour heater exist water note fervid

SHARE THE BREW When you share the Brew, you earn rewards. From Brew swag like t-shirts and coffee mugs to exclusive content, we've got something for everyone in our premier rewards program. Hit the button below to start sharing the Brew. Click to Share Or copy & paste your referral link to others: morningbrew.com/daily/r/?kid=a17a7110

ANSWER

Water. All the other words contain scrambled versions of the numbers from one through seven. 

note ==> one
town ==> two
etc.

Source

  _______SUBSCRIPTION INFO_______

Columnists We Must Destroy the Left at All Costs Matt Vespa Hollywood's Hypocrisy on Full Display Larry O'Connor The Racist Sound of 'Whiteness Is a Pandemic' Tim Graham What Explains Biden's Chameleonlike Transformation? Michael Barone The Border Crisis May Be Coming to Your Kids' School Betsy McCaughey Biden's Diplomatic Team on China Needs Real Experts, like Hunter and Swalwell John Kass Sex, Lies and the Destruction of America Laura Hollis Special Healthcare Enrollment Period Going on Now Sponsored By Share Healthcare The Truth Nobody Tells About Our Voting Rules Neil Patel ADVERTISEMENT INVESTING Mary And The Wise Guy: Why I Wish Christopher Hitchens Had Known More History Biden’s Multilateralism Invites Conflict With China Will Fed Hike Rates Before It's Too Late?

Tipsheet In First Big China Test, Team Biden Got Rolled...And It's Painful to Watch Matt Vespa The Radical Left Will Stop At Nothing To Cancel Conservatives’ Rights Congresswoman Ann Wagner Rep. Eric Swalwell Escapes Effort to Kick Him Off Intel Committee Rebecca Downs Amnesty Bills Pass U.S. House of Representatives Rebecca Downs We Have Another 'I Told You So' Moment Regarding Biden's Presidency...And It's Now Impacting Labor Unions Matt Vespa Watch This Bizarre Moment Terry McAuliffe Had on St. Patrick's Day Rebecca Downs Colorado Judge Takes a Katana to Boulder's AR-15 Ban Matt Vespa Fauci Absolutely Torched By Rand Paul About COVID Vaccines, Masks, and Immunity Matt Vespa The Left Comes For Their Own: Alexi McCammond Resigns As Teen Vogue Editor Before First Day Rebecca Downs CDC Director Admits GOP Rep Made 'Important Point' on School Closures Cortney O'Brien Biden Calls Kamala Harris the President Again Katie Pavlich ADVERTISEMENT Political Cartoons Bearing Arms NYC Mayor Suggests Police Adopt Stop-And-Nag Policy | Cam Edwards Editorial Against Guns In Schools Nothing More Than Fearmongering | Tom Knighton Increase Gun Ownership, Not Gun Control To Protect Asian Americans | Cam Edwards Columbus City Council Members Push For Local Gun Control | Cam Edwards Delaware Goes After "Ghost Guns" | Tom Knighton

The Biden Administration Is Imposing a Media Blackout at the Border

GOP Leaders Condemn Confirmation of ‘Extreme Left-Wing’ to Biden’s Cabinet

Ted Cruz About Democrat’s H.R.1 Bill – ‘Corrupt Politicians Act’

Dems Defeat Effort to Remove Swalwell From Intel Comittee

 

view in browser

QUICK CHARGE All Your Devices At Once!

CLICK HERE TO SEE ALL DAILY DEALS

DHS Secretary Admits Potentially COVID Positive Illegal Immigrants Released Into U.S.

During a House Homeland Security Committee hearing on Wednesday, Department of Homeland Security Secretary Alejandro May [...]

Read More

 

 

Can You "Opt Out" of
Biden's Presidency?

Eric Wade is a wealthy California tech entrepreneur, who started his career at some of the biggest Wall Street firms (including AG Edwards and Merrill Lynch), before getting wealthy with new technologies.

He's perhaps the only man in America, for example, who turned a tiny $7 investment into $1 million during the last big tech boom (a story that was reported by the Washington Post).

And now, Eric Wade has come forward with his biggest prediction in years (click here to see the full story):

In short – Wade and his team say they've found an incredible new way for you to essentially "opt out" of our current corrupt and bankrupt financial system...

And potentially make a fortune in the years to come.

I believe this is especially important now that Joe Biden is in the White House and progressive Democrats control Congress.

(Keep in mind: This has nothing to do with the stock market or precious metals or anything else you'd likely expect.)

Surprisingly, only about 10% of folks in the U.S. have made this move... yet it's estimated to have already created tens of thousands of millionaires.

After working with Eric Wade over the past few years, I can tell you he knows more about this subject than anyone I know.

That's why I strongly encourage you to take a few minutes to hear him talk personally about this one critical move: How to essentially "opt out" of our bankrupt financial system.

(You can get his full take on the subject right here on our website.)

This could prove to be the #1 most important financial step you take this year.

So I asked our video production team to film Eric Wade at his home in California, explaining the whole thing for you...

You can watch it for free by simply clicking here.

Good investing,

 

	FOX Daily update ⋅ March 19, 2021
	NEWS
	Fox hits game-winner over Beal, Kings beat Wizards 121-119 starexponent.com WASHINGTON—De'Aaron Fox scored 28 points and hit a jumper over Bradley Beal with 0.7 seconds remaining to give the Sacramento Kings a ... Fox hits game-winner over Beal, Kings beat Wizards 121-119 - ABC10.com KXTV Full Coverage Flag as irrelevant
	Council Forgoes Purchase Of CB FOX And Reel Deal Los Alamos Daily Post In a 5-2 vote, Los Alamos County Council passed on the opportunity to purchase the CB Fox and Reel Deal Theater properties during its Tuesday night ... Flag as irrelevant
	Fox Corporation Announces New Eleven-Year Media Rights Agreement with the National Football ... PRNewswire The 11-yeari agreement extends FOX's coverage of premier National Football Conference (NFC) games, creates new and exclusive holiday games on ... NFL announces TV deals with ESPN/ABC, NBC, CBS, Fox, Amazon - ESPN NAACP implores NFL to not ' fund Fox News' hatred, bigotry, lies' with new Fox TV deal - Yahoo Finance Australia Full Coverage Flag as irrelevant
	Fox Taps Operative Media for Next-Gen AOS Product Suite KPVI News 6 NEW YORK, March 18, 2021 /PRNewswire/ -- Operative Media today announced a first-of-its-kind partnership with Fox Corporation (Nasdaq: FOXA, ... Fox Taps Operative Media for Next-Gen AOS Product Suite - PRNewswire Full Coverage Flag as irrelevant
	Fox C-6 hires next superintendent Leader Publications Fregeau will take over as Fox's superintendent on July 1. “The Fox community takes great pride in our school district,” board president Vicki Hanson said. Flag as irrelevant
	Seth Meyers Ridicules Fox News For Vaccine Coverage: 'Mix Of Paranoia, Conspiracy Theories ... Forbes Meyers rolled clips from several Fox News Channel shows, including Fox & Friends, Hannity, The Ingraham Angle and Tucker Carlson Tonight, ... Flag as irrelevant
	NAACP to NFL: Don't 'fund Fox News' hatred, bigotry, lies and racism' USA TODAY The NAACP sent a blistering letter to NFL Commissioner Roger Goodell asking the league not to allow Fox to use it as a bargaining tool during ... Flag as irrelevant
	As Biden keeps troops in Syria, ex-Texas trooper says 'it's time' for military to stop Mexican cartel ... Fox News Jaeson Jones recently witnessed an early morning heavy-arms battle in Ciudad Miguel Aleman, Mexico. By Charles Creitz | Fox News. Flag as irrelevant
	FOX 35 Storm Alert Day Thursday: Severe storms, hail possible in Central Florida FOX 35 Orlando FOX 35 Storm Team Meteorologist Kristin Giannas has your forecast. LAKE MARY, Fla. - Thursday is expected to bring potentially severe storms to ... Flag as irrelevant
	Fox selects new architect firm to handle numerous projects Leader Publications Board members also voted unanimously to have Ittner oversee roofing and HVAC projects at Seckman High School and Fox Elementary School, which ... Flag as irrelevant
	WEB
	NFL Renews TV Rights With FOX, ESPN, NBC, & CBS – Sportico.com Sportico.com The league is also responsible for a huge chunk of the time viewers spend with its media partners. For example, Fox's NFL showcase now accounts for a ... Flag as irrelevant
	Berkshire Hathaway HomeServices Fox & Roach REALTORS® Berkshire Hathaway HomeServices Fox & Roach REALTORS® Real estate in Philadelphia, PA, NJ, DE & MD. BHHS Fox & Roach offers full real estate services including mortgage, new homes, insurance, market ... Flag as irrelevant
See more results | Edit this alert

 

Today's Top Headline North Korea Ignores US Offer For Talks, Citing Hostility Sponsored This Company Is Giving Away FREE Belly Band Holster for Concealed Carry... Trending Call For Christ church Terror Attack Widows To Keep Support When Overseas Here Is What Young Conservatives Think About Climate Change Myanmar Junta Enforces Martial Law, Town Turns Into A Battle Zone