|
TOGETHER WITH
|
|
|
Good morning. If you're looking for a work playlist, you can't go wrong with Bob Dylan. The legend turns 80 today.
|
|
|
Nasdaq
|
13,470.99
|
|
|
|
|
S&P
|
4,155.86
|
|
|
|
|
Dow
|
34,207.84
|
|
|
|
|
Bitcoin
|
$33,871.06
|
|
|
|
|
10-Year
|
1.619%
|
|
|
|
|
Ethereum
|
$2,071.16
|
|
|
|
*Stock data as of market close, cryptocurrency data as of 7:00pm ET.
Here's what these numbers mean.
|
-
Markets: While the stock market takes nights and weekends off, the crypto market is a circus that runs 24/7. Prices for cryptocurrencies continued to tumble over the weekend, with bitcoin dropping to nearly 50% below its peak.
-
Covid-19: New daily cases in the US are at their lowest levels
since June of last year. And new evidence emerged that may support the
hypothesis that Covid-19 leaked from a lab: According to a US
intelligence report viewed by the WSJ, three researchers from China’s
Wuhan Institute of Virology became so ill they sought hospital care in November 2019.
|
|
Universal Studios
|
Summer is
here, which means it’s once again time to enter a dark, over-air
conditioned space and stare at a screen for three hours.
At least
that’s what the movie theater industry is hoping. After a debacle of a
year in 2020 due to the pandemic, the lucrative summer movie season
unofficially kicks off this year with A Quiet Place Part II and Cruella, which will hit US theaters Memorial Day weekend.
Early
indicators for movie theaters are looking...better, relative to the
utter collapse some predicted last year. The ninth installment of the Fast & Furious franchise, F9, debuted in international markets this weekend and brought in $162.4 million, $135.6 million of which came from China. That’s the best opening of a Hollywood film since the pandemic began.
When F9 hits
the US box office on June 25 its performance, plus the success of the
previously mentioned blockbusters, will help us learn more about the
state of the theater industry.
What we already know
North American movie theater revenue plunged to $2.2 billion in 2020 from $11.4 billion in 2019 as the pandemic caused theaters to shut down for months. Closures were especially painful
during the summer season, which brings in about 40% of the year’s total
haul. Last summer, theaters grossed $176 million, a 96% decrease from
2019.
Now, even as
the credits begin to roll on the pandemic, most film executives
recognize that the future of moviegoing probably involves some
moviegoing, some moviestaying. Every major studio outside of Sony now
has an affiliated streaming service.
But how much of each is in the equation? No one knows the answer yet. This year, many movies will be released
in theaters before coming to your small screen, but others will be
rolled out in theaters and on streaming simultaneously, or they’ll ditch
the theater part altogether.
Looking ahead...some of the year’s most anticipated releases include In the Heights (June 11), the new Space Jam (July 16), The Suicide Squad (August 6), and a Candyman reboot (August 27).
|
|
|
PETRAS MALUKAS/AFP via Getty Images
|
A routine
commercial flight from Athens to Vilnius, Lithuania, spiraled into a
dramatic international incident after Belarusian President Alexander
Lukashenko forced the flight to make an unscheduled pit stop in Minsk, the capital of Belarus.
How it happened: As
soon as the plane approached Lithuanian airspace, Belarusian
authorities sent a fighter jet to accompany the plane to Minsk on
account of a “bomb threat,” but that turned out to be a ruse. Lukashenko
was after one of the passengers, dissident journalist and blogger Roman
Protasevich, who was arrested once the plane landed in Minsk.
European leaders were stunned and outraged
by Lukashenko’s move. Poland’s prime minister called it “an
“unprecedented act of state terrorism” and Lithuania’s president asked
NATO and the EU to “immediately react to the threat posed to
international civil aviation by the Belarus regime.”
Big picture: Considered
“Europe’s last dictator,” Lukashenko has held power in Belarus for
almost 27 years, and his authoritarian actions—including a brutal
crackdown on protesters last year following a disputed election—are
increasing tensions with the West.
Looking ahead...EU leaders are meeting in Brussels
today for a summit. European Commission President Ursula von der Leyen
said officials will discuss taking action in response to the “outrageous
and illegal behavior” of the Belarusian regime.
|
|
|---|
Guang Niu/Getty Images
|
Yuan Longping, the Chinese agronomist credited with saving millions of people from dying of hunger, died at 90 on Saturday.
In 1973,
Longping developed the world’s first high-yield hybrid rice strain,
which produced 20% more rice per acre than nonhybrid varieties. That
means his innovations helped feed an extra 70 million people per year.
The backstory: China
suffered a disastrous famine in the early 1960s as a result of Mao
Zedong’s Great Leap Forward plan to collectivize agriculture. Yuan said
his experiences of seeing people starving to death led him to research
rice, which serves as the main grain for half the world’s population.
Yuan’s
breakthroughs turned him into a national hero in China and within the
international agriculture community. He crisscrossed the globe
introducing his rice hybrids to farmers in lower-income nations.
Looking ahead...food security remains top of mind for Chinese officials. Last year, President Xi Jinping called on citizens to stop wasting food and to be more conscientious about food consumption.
|
|
|
Want to explore these newfangled currencies running around the internet...but not sure where to start? We’ve got the answer: start with eToro.
Right now,
if you buy $1,000 worth of crypto on eToro, you’ll get $50 smackeroos.
That’s a nice swordfish dinner, just for getting into crypto on eToro.
On eToro, you can…
- Browse over a dozen cryptocurrencies
- Experiment with a virtual portfolio—you get $100K in “play money” to help you get the hang of crypto trading
- Copy the moves of top-performing traders automatically with CopyTrader™
- Bone up on the industry with market guides and a weekly newsletter
20 million users worldwide are already on eToro. That’s 20 million people who don’t feel lost when crypto comes up in social conversations.
Join eToro and become one of them here.
|
|
Neal Freyman
|
Stat: Sooo...apparently we were the only people not in Jackson Hole last month. In April, visits to Yellowstone National Park increased by 40% compared to 2019 and jumped 48% at Grand Teton National Park.
Quote: “With
TV, the relationship is you're the parent and it's the child. It's in
your house. It's smaller than you, you can turn it off, change it, and
control it. With the movies, you're the child and it's the parent. You
look up to it. It controls you and it is taking you where it wants to
take you."
Director JJ Abrams tried to articulate what makes movie theaters so special at a film industry event last week.
Read: What people are really doing when they play hard to get. (Luke Burgis)
|
|
KEREM YUCEL/AFP via Getty Images
|
One year later: Tuesday
marks one year since the murder of George Floyd in Minneapolis, an
incident that caused Corporate America to reflect on its role in
perpetuating racial inequality. Floyd’s family will go to the White House while lawmakers debate new police reforms.
Earnings: This
week offers an earnings smorgasbord across industries like tech
(Snowflake, Salesforce, Nvidia), retail (Nordstrom, Best Buy, Costco,
Dollar General), and housing (Toll Brothers).
Economic data: You
might give up your house search altogether when new numbers on US home
prices drop on Tuesday. Other data releases include the second estimate
of Q1 GDP and consumer confidence.
Everything else:
- The Friends reunion episode airs on HBO Max on Thursday.
- The Champions League final in soccer is on Saturday.
- Tuesday is National Wine Day. Remember, it’s perfectly okay to order the second-cheapest wine on the menu.
|
|
-
Virgin Galactic completed its first space flight since 2019 on Saturday.
-
UK researchers found that a double dose of a Covid-19 vaccine was highly effective against the B16172 strain first discovered in India.
-
Democrats and Republicans are still far apart on the Biden administration’s infrastructure proposal.
-
A judge
said that former Theranos CEO Elizabeth Holmes’s celeb-like lifestyle
is mostly fair game as evidence in her upcoming criminal trial.
-
Phil Mickelson, 50, became the oldest golfer to win a major tournament after the lefty topped the field at the PGA Championship.
|
|
|
24/7 peace of mind, 30% off. SimpliSafe’s Memorial Day Sale
is happening now, and you can get 30% off their award-winning home
security system plus a free HD camera right now. Protect your home
before you head off this summer, check out SimpliSafe’s sale here.*
How’s that passive income coming along? With asset classes across art, real estate, legal finance, and more, Yieldstreet makes starting your passive income journey a cinch. Earn up to $500 when you sign up and fund your account today.*
Director’s cut: Vulture has an enlightening piece charting the 25 edits that define the modern internet video.
Dive back into the week:
*This is sponsored advertising content
|
|
|
Debating this question accounted for an embarrassingly large share of our weekend. Now it's your turn.
How many Lego bricks, when stacked on top of one another, would it take to destroy the bottom brick?
|
|
|
You only need 5 more referrals to receive Morning Brew stickers.
If there’s one thing we know about laptops, it’s that they hate being naked. Get your comp some fresh Morning Brew stickers.
Hit the button below to learn more and access your rewards hub.
Click to ShareOr copy & paste your referral link to others:
morningbrew.com/daily/r/?kid=a17a7110
|
|
May 24, 2021
The Upcoming Currency War
Will
this asset prevail to be the knight in shining armor as retirement
accounts with fiat currency could face serious challenges?
Details.
|
|
Dear Fellow Americans,
The mainstream media is finally talking about inflation. Could Biden's and Fed's policies of printing more and proposing to increase taxes make inflation even worse?
You may have noticed how the cost of everything is going up...
From lumber to gas and yes to food...
Could it be because almost 20% of all US dollars were created last year? Isn't that an early sign of inflation?
Inflation is the cruelest form of taxation...
Even Alan Greenspan, former Fed Chair, publically said: "Deficit spending is simply a scheme for the confiscation of wealth"
Request Your FREE Report and learn how to hedge against inflation.
Many billionaires and analysts are forecasting that inflation and a market correction could be coming.
In a recent article published in Bloomberg titled Bubble Warning Everywhere, the following was noted:
"With historic cross-asset valuations and elevated risk positioning, a market correction could be imminent."
Another disaster could be in the making. Therefore, your 401K/IRA requires your immediate attention!
If this isn't the time to protect yourself and your family, when will it be?
Request Your FREE Report and find out how you could avoid the upcoming correction.
You
need protection more than ever. Can you really afford the new policies
to ruin your wealth and future? If not, then there is a way that could
protect what you really care for the most.
There is no obligation or commitment in Requesting Your FREE Report Now.
|
| FEATURED EVENT
|
| 1883
|
| Opening of the Brooklyn Bridge
|
|
|
|
|
| FEATURED BIOGRAPHY
|
|
| Queen Victoria
|
|
|
|
| |
|
|
|
|
|
|
May 24
|
|
SEE ALL BIOS ON THIS DAY
|
|
|
|
| ADVERTISEMENT |
|
|
|
|
|
|
| ADVERTISEMENT |
|
|
|
No comments:
Post a Comment