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TOGETHER WITH
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Good morning. For the second time in a week, we must begin this newsletter by acknowledging another mass shooting
in the country. Yesterday afternoon, a gunman killed 10 people,
including a police officer, at a grocery store in Boulder, Colorado.
Police said a suspect has been taken into custody.
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NASDAQ
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13,377.54
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+ 1.23%
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S&P
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3,940.59
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+ 0.70%
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DOW
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32,731.20
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+ 0.32%
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GOLD
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1,738.50
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+ 0.02%
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10-YR
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1.697%
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- 2.90 bps
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OIL
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61.47
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+ 0.08%
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*As of market close.
Here's what these numbers mean.
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Covid: New York is expanding
its vaccine eligibility to residents 50 years or older, Arizona is
opening up appointments to anyone 16 and older, and New Jersey is
pausing its reopening due to a recent uptick in cases.
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Markets: Tech shares had a good day for a change, leading the stock market higher.
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Francis Scialabba
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If you haven’t felt the itch to check Twitter 24/7, skim your preferred news site,
or keep cable news humming in the background since President Trump left
office, join the club. A few months into the new Biden administration,
news consumption has significantly declined, according to the Washington Post.
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TV: CNN lost almost half of its
primetime viewership in the key 25–54 demographic in the period between
President Biden's inauguration and March 15.
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Online: From January to February,
unique visitors to the NYT's website dropped 17%, while the Washington
Post clocked in a 26% decline over the period, per audience tracking
firm ComScore.
Trump’s
dramatic time in office was like San Francisco in 1849 for media
companies that covered politics. The NYT started his presidency with 3
million paying subscribers and ended it with 7.5 million. CNN had its best year ever
in 2020 and drew more viewers aged 25–54 than Fox for the first time in
19 years in Q4. Throw in the onset of a global pandemic and
door-busting subscription deals, and news companies were inundated with
traffic.
But now, strategies are shifting
- The NYT warned last November that its subscriber gains would start to slow once No. 45 left office. Now, it’s investing more resources into its Games and Cooking divisions in order to push beyond news content into more anchovy content.
- The
Washington Post is going the opposite route. It's bringing on 150 new
employees in the outlet's biggest hiring spree ever, pushing its
newsroom to well over 1,000. It plans to use the extra bodies to expand
reporting on issues of race and international news.
Bottom line: With DC going from House of Cards to
C-SPAN 2, the focus is shifting from filibusters to stonks. Politics
consumption on major new sites dropped 28% from January to February,
according to analytics company SimilarWeb, but interest in business and
finance news only slightly declined over the same period.
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Leon Black, cofounder of investment juggernaut Apollo Global Management, has stepped down as chairman following an independent investigation into his ties with Jeffrey Epstein.
What happened:
Over a five-year period, Black paid Epstein $158 million for advisory
services, including tax and estate planning. While Black was cleared of
wrongdoing, the optics around his relationship with an accused sex
trafficker didn't look...great.
- Black was
already stepping down as CEO, and his replacement and fellow cofounder,
Marc Rowan, has assumed the position early. Former SEC head Jay Clayton
replaces Black as non-executive chairman.
For Black,
it's more of a "cya l8r." With an 18% stake, he's still Apollo's largest
shareholder and plans to return to the company.
What's Apollo?
Just one of Wall Street's most successful private equity firms, with $455 billion in assets.
Like Berkshire Hathaway in 2008, Apollo recently cemented
its reputation as "responder of last resort," the FT reports. The firm
has helped companies including Hertz, United, and Expedia weather
pandemic-era financial troubles.
Zoom out: This leadership shuffle comes during a larger transition as Apollo acquires insurance giant Athene Holding. The deal will give Apollo even more $$$ to pour into investments.
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Getty
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The wealthiest 1% of US households fail to disclose 21% of their income, according to a new study by IRS researchers and economists.
What's going on: Some
types of income, like wages, are automatically reported to the IRS. But
other income streams can slip by the agency's auditors with
"sophisticated" strategies including...
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Offshore accounts, which helped the top 1% evade an estimated $15 billion in taxes.
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Pass-through businesses, like LLCs
and partnerships, that are popular with family firms, investment funds,
and real estate businesses. They're perfectly legal, but since their
income isn't taxed at the corporate rate, it’s easier to hide, and some
politicians want to raise taxes on those companies.
Enforcement also isn't what it used to be. Audit
rates have slipped over the last decade as the IRS lost 15,000
staffers. The agency's commissioner, Charles Rettig, asked Congress for
more funds, arguing every $1 spent on enforcement returns $5–$7.
Zoom out: Collecting unpaid income taxes from the 1% could bring $175 billion into the Treasury annually, the study concludes.
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Five hundred twenty-five thousand six hundred ways to file your taxes with H&R Block.
Well, maybe not exactly that many; point is, H&R Block lets you file your taxes however you want, no matter your situation.
And that’s
why we teamed up with H&R Block this tax season to bring you the
knowledge you need to file your taxes easily. Even if you took on a side
gig, got a promotion (congrats, btw), or want to expense a Norwegian
ergonomic cushion, Block can get you the refund you deserve.
Block’s got many options for you this season, so you can file:
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However: We cool millennials can go the DIY route and do everything on a smartphone.
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Wherever: File from the couch or head to one of Block’s offices across the country.
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Whenever: Block’s open early and late. Make an appointment or just stop in.
See? Taxes don’t have to be tedious. Learn how Block has your back this tax season.
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Giphy
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Stat: Almost half (49%) of American adults feel uneasy
about resuming in-person interactions after the pandemic winds down,
according to a new survey from the American Psychological Association.
Quote:
"The basic property and task for a central bank and central-bank
currency is to provide stability in the value of money and in the
system, and that is not done by bitcoin."
Norway's central bank governor told Bloomberg
that he'd never consider swapping out the country's currency for
bitcoin. Apparently it was International Central Bankers Bashing Bitcoin
Day yesterday, because Fed Chair Jerome Powell also said crypto is "not
really useful as a store of value."
Read: Meet the 61-year-old Dutch guy behind those crazy wellness routines adopted by athletes and entrepreneurs. (WSJ)
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Giphy
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While Krispy
Kreme probably isn't the first company you think of when you read the
words "public health," the donut maker is putting its hydrogenated
soybean oil to good use with a creative promo: Anyone who shows a vaccine card at a participating Krispy Kreme gets a free glazed donut.
The "best" part? The
offer is valid until the end of 2021, so a vaccinated person could
theoretically obtain a free glazed donut every day for the next 284
days.
Vaccine promos are everywhere
- A brewery in Cleveland is offering 10-cent beers to the first 2,021 people who show proof of vaccination through its "Beer and the Shot" promo.
- Uber and Lyft have been providing free and discounted rides to and from vaccine sites.
- A luxury hotel in Dubai is offering 25% discounts to fully vaccinated UAE residents.
Bottom line:
Brands have struggled to strike the right tone throughout the pandemic.
But supporting the vaccine rollout so everyone can return to normal
life is like saying you love fluffy corgis—not particularly
controversial.
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Microsoft is in talks to acquire the messaging platform Discord for more than $10 billion, per Bloomberg.
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Microsoft will also start bringing workers into its Seattle-area HQ on March 29.
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President Biden’s economic advisers will present him with a plan to spend up to $3 trillion on new initiatives, per the NYT.
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Researchers from the cybersecurity group Citizen Lab found that TikTok's algorithm provided no immediate national security threat.
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Goldman Sachs's
CEO David Solomon said the company is taking steps to address the
mental health of junior bankers after a survey revealed a severe
work-life imbalance.
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New pasta just dropped.
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It’s barely 2021, don’t pay interest until late 2022. When you complete a balance transfer to this card, you get 0% interest for 18 months. That means you can save up to $1,863 in interest charges. Apply here.*
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Everyone loves a good doc. Here are the top 10 documentaries of 2021, from Tiger Woods to Billie Eilish.
Is that a Marlinspike Hitch? You'll know after you've read this comprehensive, step-by-step guide to knot-tying.
Tech Tip Tuesday: If you’re still moving your mouse to reply to an email, you’re doing it wrong. Here are the Gmail shortcuts to save you time and wrist soreness.
*This is sponsored advertising content
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This cute bulldog is the mascot for which university?
Hint: They are currently in the Sweet 16 for the men’s college basketball tournament.
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Enjoying the Brew? Consider sharing it with a friend.
When
you do, we don’t just give you a pat on the back and say, “Well done
old sport.” You earn rewards like our classic coffee mug or T-shirt.
Hit the button below to start sharing the Brew.
Click to ShareOr copy & paste your referral link to others:
morningbrew.com/daily/r/?kid=a17a7110
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Gonzaga
Breaking News: Melania Trump Finally Caught Michelle Obama Redhanded
High Ranking Officials Are Speechless!
{Continue Reading}
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March 23
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| FEATURED BIOGRAPHY
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| Elizabeth Taylor
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| FEATURED EVENT
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| 1806
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| Lewis and Clark's return trip begun
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Donald Trump just revealed something surprising about running for President in 2024
Ted Cruz revealed the one terrible thing Joe Biden is doing to help child molesters
[POLL] Mitt Romney Approval Poll (cochise7787@gmail.com, you've been selected to participate)
Joe Biden prepared everyone for Kamala Harris taking over when he said these two words
Joe Biden just got humiliated by one challenge that made Americans question everything
Kamala Harris panicked.
The Biden administration is losing control of the situation.
And Kamala Harris wanted to run and hide after this embarrassing response to the border crisis.
Read and react... Donald Trump told Fox News this one thing could get him to run for President in 2024
A judge in one key state just vindicated one of Donald Trump’s election challenges
Chuck Schumer was given one warning that had all hell breaking loose
Michelle Obama let loose about Meghan Markle in this jaw-dropping interview
Mount Rushmore is in Biden’s crosshairs after he launched a disgraceful anti-American attack
Watch Jen Psaki Struggle To Get Through Brutal Questions About Border
H.R. 1 is Emblematic of the Crisis of American Democracy
Republican Gov. Under Fire After Refusing to Sign Bill Protecting Girls’ Sports
The Insane Amount of Money US-Mexico Border Traffickers Earned Last Month
Biden
Admin Spending $86M to House Illegals in Hotels
No.
of Migrant Kids in Cages Has QUADRUPLED over Past Week
Is Civil War Coming?: Free
Copies Of Our New Book Escaping Anarchy Explains
Mich.
County Votes to Hand-Count Ballots Instead of Using Dominion
Colo.
Leftists Target Christian Baker AGAIN Over Trans Cake
Civil War is upon
us.
The riots at the Capitol
Building were just the beginning...and whatever comes next will likely be
much, much worse.
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| ADVERTISEMENT |
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March 23rd, 2021
 | | The TRUTH about your Diabetes... |
| Doctors
at the International Council for Truth in Medicine are revealing the
truth about diabetes that has been suppressed for over 21 years. Last
year they helped over 17,542 type 2 diabetics end the need for
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| ONE Fighting Tactic You Need, Now! |
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