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TOGETHER WITH
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Good morning and Happy National Eat What You Want Day. Guess no one's having lettuce as a bun for lunch.
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Nasdaq
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13,401.86
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S&P
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4,188.43
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Dow
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34,742.82
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Bitcoin
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$55,686.43
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10-Year
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1.604%
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Ether
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$3,952.75
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*Stock data as of market close, cryptocurrency data as of 5:00pm ET.
Here's what these numbers mean.
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Covid: The FDA authorized
the use of Pfizer-BioNTech's Covid-19 vaccine in kids ages 12–15, a big
step for ending the pandemic. Speaking of ending the pandemic, new
infections in the US fell to their lowest level in 11 months, and the weekly average of 38,678 cases represents an 85% drop from the peak in January.
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Markets: The industrial companies in the Dow may not be flashy,
but they are helping the index touch new records while the flashier
Nasdaq slumps. Ether, the world's second largest cryptocurrency, hit a
new high yesterday.
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Francis Scialabba
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Chipotle is more desperate to get your attention now than when it partnered with Shawn Mendes. The burrito chain announced
yesterday that it's bumping up employee wages to an average of $15/hr
by the end of June and wants to hire 20,000 workers total. It also
introduced a path for employees to hit a $100,000/year salary as a
manager in just 3.5 years.
Big picture: Restaurants
are really hurting for workers. And while there are plenty of hot takes
trying to explain why the food service industry is so understaffed, one
thing is certain: Patio season is in danger. The industry lost a total
of 2.5 million jobs in 2020, and only gained about 442,000 jobs back in Q1.
What's going on?
The April jobs report released last Friday badly missed targets,
showing that there's widespread disconnect between the number of jobs
open and the available labor force. It appears that the restaurant
industry in particular just isn't all that attractive for people looking
for work.
Some
restaurant owners are pointing to beefed up unemployment benefits during
the pandemic to explain why employees don't want to get back on
payroll. But would-be employees are pointing to other factors.
- Restaurants have elevated sanitation requirements, plenty of food supply chain issues, and an average annual salary of only $21,470 to serve brunch crowds that have been locked inside for a year.
- Some fast-food joints were forced to shutter after employees, who were protesting working conditions, walked out. And New York City is suing Chipotle for $450 million over nearly 600,000 separate violations of workers' rights.
Looking ahead...demand for eating out will only increase over the summer, so restaurant chains are raising pay
and finding other creative methods to recruit workers. Taco Bell held
outdoor "hiring parties" in April, and this week, Chipotle is holding a
virtual career fair on Discord.
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Giphy
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DarkSide, the cyber-criminal group whose hacking activities
took the US' largest gasoline pipeline offline for four days, said it
felt kinda bad about disrupting the flow of fuel to critical hubs on the
East Coast. In a statement posted
to its website yesterday, DarkSide said it was "apolitical" and
emphasized it was the anti-Joker: "Our goal is to make money, and not
creating problems for society."
- The problem with that logic is, DarkSide's business is selling ransomware that gets used to hack companies.
- In the
future, DarkSide says it'll pay closer attention to clients' intended
targets. It already has a stance against hacking hospitals, schools,
mortuary services, nonprofits, and governments.
Can't fix a pipeline problem overnight
Yesterday, the pipeline's operator, Colonial, said it's hoping
to bring the full system back online by the end of the week. In the
interim, the government relaxed rules so more oil can be driven up the
East Coast in tankers.
Crude prices
rose about 1% yesterday, so price impacts are still minimal...so far.
But if the shutdown takes longer than expected to resolve, GasBuddy
analysts predict gas prices could rise more than a few cents.
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Yesterday, a group of 44 attorneys general asked
Facebook CEO Mark Zuckerberg to ditch plans to develop an Instagram
platform for children younger than 13, the current age cutoff for FB
services.
The reasoning:
If they've still got training wheels, they're too young to navigate
treacherous digital sidewalks filled with cyberbullies and online
predators. The AGs cited studies showing that social media negatively
impacts youngsters' physical and emotional health, and expressed
concerns about Facebook's previous shortcomings in protecting society's
youngest members.
- Exhibit A: the 20 million images of child sexual abuse reported on FB platforms last year.
Facebook's response? The
company said InstaKids would have more parental controls, no
advertising, and be crafted with input from privacy and child safety
experts.
Bottom line: Just because you can make a product for kids doesn't mean you should.
"It appears that Facebook is not responding to a need, but instead
creating one, as this platform appeals primarily to children who
otherwise do not or would not have an Instagram account," the attorneys
general wrote.
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Dawn breaks over the ocean. You think your eyes are deceiving you. You say to yourself, No, it cannot be.
But it’s true. There atop the golden sands sits Piestro, the autonomous pizzeria that makes pies at a fraction of the cost of traditional pizzerias.
Suddenly Piestro says, “Good morning. I would like to offer you the opportunity to invest in me.” The breeze carries Piestro’s robot words to your ears. “The US pizza market is set to grow to $54 billion by 2023, and I will disrupt it with my delicious efficiency.”
It doesn’t
make sense that you’re having a conversation with a robot pizza maker;
then again, the robot pizza maker is making a lot of sense. So you
reply, “OK Piestro, take my money. Take my money and go be the future of the booming pizza industry.”
“Thank you,” says Piestro, “And goodbye. Time to get that dough.”
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Lintao Zhang/Getty Images
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Stat: Nearly 60% of people in Japan want the upcoming Olympic Games canceled,
according to a new poll. Host city Tokyo is under a state of emergency
through the end of the month due to a Covid-19 outbreak, and Japan has
the lowest vaccination rate among wealthy nations.
Quote: "It was like a cancel culture kind of a thing so they're reviewing it."
Trainer Bob Baffert told Fox News he would still run Medina Spirit in the Preakness Stakes on Saturday, despite the horse having failed its drug test after winning the Kentucky Derby.
Read: A juicy profile of Robinhood and its promise to democratize investing. (New Yorker)
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Giphy
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NBC said yesterday that it won't air
the Golden Globes until the Hollywood Foreign Press Association (HFPA)
cleans up its act, which means the 2022 show is currently without a
broadcast home.
The context:
The HFPA, an 87-member organization that votes on TV and movie awards,
was the focus of a February report in the LA Times that found the group
had zero Black members and was doing sketchy things, like flying to lavish parties for Emily in Paris—a
series that received two Golden Globe nominations despite low critical
approval. The report also found that its own members collected ~$2
million in payments from the organization.
- Other
companies like Netflix and Amazon have already spoken out against the
HFPA's recent (and, to them, unsatisfactory) plan to address its lack of
diversity and ethical gray areas, but NBC's decision may force the HFPA
to get a real move on.
Zoom out:
Despite this year's low viewer count and technical difficulties, the
Golden Globes still supplies a significant chunk of change for HFPA. In
2018, the association signed a $60 million licensing deal with NBC to
air the ceremony, which still ranks among the most popular non-sports
shows on TV.
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The Treasury has started paying out $350 billion in state and local aid from Biden's $1.9 trillion stimulus bill.
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Gay and transgender people
willl be protected against sex discrimination in the US healthcare
sector, after the Biden administration reversed a Trump-era policy.
-
Teen Vogue
hired Versha Sharma, a managing editor at NowThis, as its new
editor-in-chief. Just a few months ago, the initial pick for the job,
Alexi McCammond, resigned following backlash over her appointment.
-
Ford is calling its all-electric F-150 "Lightning." It'll be unveiled at an event next Wednesday and go on sale in 2022.
- "Hugs to be allowed in England as part of lockdown easing."
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Socks so soft they make chinchillas jealous. What else does Bombas make? A difference in the world—they donate a pair of socks to people in need for every pair you buy. Get 20% off your first order with code BREW.*
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.*
Tech Tip Tuesday: Here's how an internal combustion engine works.
Practical marketing tips: In
our brand-new Workshop series, Marketing Brew is bringing in experts to
help you effectively market on different platforms. First up?
Pinterest. Sign up here for next week's event.
Visualizing data: This poster, which you can download, is a helpful guide for determining which type of chart you should use for various types of data.
*This is sponsored advertising content
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I was just renewed for an 18th season yesterday.
I am TV’s No. 1 entertainment show in the 18–49 demographic.
Along with a spinoff of mine, which was also renewed for a fifth season, we are ABC’s most-watched scripted shows.
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May 11
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| FEATURED BIOGRAPHY
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| Salvador Dalí
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| FEATURED EVENT
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| 330
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| “New Rome” established by Constantine
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Rush Limbaugh’s replacement went on Fox News and chaos broke out on the set
Nancy Pelosi let the cat out of the bag on her unexpected retirement plans
[POLL] Do you APPROVE or DISAPPPROVE of LeBron James, cochise7787@gmail.com?
Kamala Harris just suffered a gigantic embarrassment when this bombshell report went public
Elizabeth Warren stunned her voters into silence with her position on Facebook banning Trump
Kamala
Harris Arrives in Milwaukee, Look Who Shows Up To Greet Her!
Trump Needs You To Help Take America Back In 2024!
(sponsor)
Portland
Teacher Stands Up to Antifa, Speaks Out Despite Threats
Psaki
Claims New Election Integrity Laws in TX, FL Make it Harder for People to
Vote
Dan
Bongino sounds off on FBI: Get your heads out of you butt
Report: Biden Administration Has Spent $3 Billion On Migrant Facility Contracts
It’s been 4 months – where’s my stimulus check?
Biden Sec. Blames Gas Prices on Pandemic, Expert Points to Biden Policies
WATCH: Here’s Who The WH Says Is Behind The Colonial Pipeline Takedown
May 11th, 2021
| Do you want to carry a gun?
|
| Because
of a legal loophole you can still download a certification for
America's top CCW gun permit from this website. (And you don't have to
leave your house to do it). Read More › |
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