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TOGETHER WITH
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Good morning on the last day of May. Or is it June. Are we in 2022 yet? What is time?
Honestly, the only thing we know is that it's Saturday. Have a great weekend everyone—thanks as always for reading.
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Nasdaq
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14,672.68
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S&P
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4,395.26
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Dow
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34,935.47
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Bitcoin
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$42,136.66
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10-Year
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1.228%
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Amazon
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$3,327.59
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*Stock data as of market close, cryptocurrency data as of 11:00pm ET.
Here's what these numbers mean.
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Markets: The S&P clinched its sixth straight month
in the green, shrugging off concerns about the latest wave of Covid-19.
But Amazon, which said Thursday that sales growth would slow this
quarter, had its worst day since March 2020.
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Covid: The CDC said “the war has changed”
in the fight against Covid-19 due to the Delta variant. It suggested
the variant is more transmissible than the common cold and could be more
harmful than previous strains of Covid. These findings, which were
circulated in an internal document, offered justification for the new
mask guidance that was issued this week.
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Odd Andersen/Getty Images
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We kick off your Saturday morning with a cartoon—or at least a story that feels like one.
Elon Musk,
Apple, and a Wall Street Journal reporter found themselves at the center
of a social media beef that goes back to Apple's potential acquisition
of Tesla in 2016...and previews the electric vehicle fights yet to come.
It all started when a review of a new book about Tesla by the WSJ’s Tim Higgins revealed that Elon Musk told the CEO of Apple that he wanted to become the CEO of Apple.
The context:
- According
to Higgins’s book, Apple boss Tim Cook and Musk were on the phone
discussing a potential acquisition of Tesla by Apple. Once Musk lobbed
the idea of him running Apple, Cook angrily hung up the phone.
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Musk denied the conversation took place. “Cook & I have never spoken or written to each other ever,” he said on Twitter.
Musk was clearly feeling spicy because later in the day he tweeted, “Apple app store fees are a de facto global tax on the internet. Epic is right.” He’s referencing the lawsuit filed by Fortnite developer Epic Games that attacks Apple’s meaty cut of App Store revenue.
Musk's been at this for a while
On Tuesday, Musk turned an ordinarily dull earnings call for Tesla’s Q2 into a popcorn-and-white-wine event when he attacked Apple not once but twice. One of those moments:
- “Our
goal is to support the advent of sustainable energy,” Musk said. “It is
not to create a walled garden and use that to bludgeon our competitors,
which is sometimes used by some companies.” And then he, and we can’t
make this up, fake coughed and said “Apple” like a middle school student
interrupting class.
Why would Musk be angry with a smartphone maker? Since 2014, Apple has been developing
an autonomous, electric vehicle that would compete with Tesla, a
project Musk has mocked for years. He told the German newspaper
Handelsblatt in 2015, “No, seriously, it’s good that Apple is moving and
investing in this direction. But cars are very complex compared to
phones or smartwatches.”
Musk also called Apple a “Tesla graveyard” where employees who couldn’t hack it at his company ended up.
Zoom out:
As the most valuable public company in the world, Apple's got a $2.4
trillion target on its back. Tesla joins Epic Games, Facebook, Spotify,
and many other companies trying to chip away at its dominance.
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The CDC's eviction moratorium ends today, leaving millions of Americans uncertain about their housing future. House Democrats rushed to extend it yesterday, citing the Delta variant and a lagging rental aid program, but were ultimately unsuccessful.
The backstory:
President Trump first signed an executive order protecting renters last
August, and the CDC handed down a freeze on evictions in September.
That moratorium has been extended three times.
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Landlords have come out against more extensions, saying they’ve already footed the bill for $27 billion in unpaid rent.
Another
program introduced to help out renters has failed miserably. Out of the
$47 billion in rental aid that was approved, only $3 billion had been
used as of June. It was up to states to divvy up the money, but they’ve
struggled to set up programs to do so.
Looking ahead...some
states have already extended their own eviction moratoriums past July,
but 8.2 million adults remain behind on their rent or mortgage as of
July 5, per the Census Bureau.
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Dan Meyers via Unsplash
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The Senate subcommittee for National Parks held a hearing Wednesday to discuss how everyone you went to high school with took a hiking vacation this summer.
31+ million
people visited a National Park in June alone, resulting in overcrowding
and hours-long wait times for trails and entrance into parks.
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Yellowstone recorded almost 1 million visits in June, up 64% from June 2020 and 20% from June 2019. 2021 is already the park’s busiest year on record.
But parks and their neighboring towns are short on resources. From 2011–2019, US park staff decreased 16%.
And it’s not just a problem because visitors are bored waiting in line;
less staff + huge crowds = more litter and park defacement.
Looking ahead...some
parks have already instituted ticketed entry to alleviate congestion,
but one of the biggest problems is the amount of actual car traffic in
parks. The $1 trillion infrastructure bill currently being negotiated
could expand parks' transit services.
+ This isn’t going to help matters, but we just think you should know: Entry to all National Parks is free next Wednesday on the one-year anniversary of the Great American Outdoors Act.
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You know we
always like to be honest with you, dear reader. So don’t be surprised
when we have said the word “save” about 50 times by the end of today’s
content for Walmart+.
Of course, Walmart+ is the membership that can save you time and money. You get free same-day delivery1 on fresh groceries and more from your store, and also free shipping with no order minimum2.
That’s two things that save you time and money. Oh, want another way to save? How about getting select prescriptions for free3? No need to save your applause for that one. You’ll also get member prices on fuel with Walmart+, which can help you save at the pump.
Want to know what all these savings add up to? We saved that for a little later in the ol’ Newsletter.
Keep reading, or go ahead and save yourself some time and sign up for Walmart+ and get a free 15-day trial here.
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Stat: 45% of remote employees work from a couch regularly, according to a study
from home improvement marketing firm CraftJack. It gets even crazier:
38% of remote workers work from their bed regularly, 20% work outdoors,
and 19%...in a closet.
Quote: US
Soccer “has spent more than three decades treating the women as an
afterthought, discriminating against them through inferior wages and
working conditions, and forcing the women to struggle for the equal pay
and fair treatment they deserve.”
For the first time, the US men’s soccer team got directly involved
in the women’s wage discrimination lawsuit against the US Soccer
Federation. Representatives for the men’s union wrote that the
organization’s treatment toward women “sends a corrosive public message
to women and girls.”
Read: For some light weekend reading, here’s how the coronavirus infects cells and why Delta is so dangerous. (Nature)
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In this
new Summer 2021 segment, the Brew’s personal finance writer Ryan Lasker
is nose-diving into our inbox to address your personal finance
questions. Submit your money woes here.
Stock
market index funds are known as the “safe” method of investing, but
they can still tank with the market. Are they really a good option for
my savings?—Alex from Florida
Stock market index funds can be a great way to grow your savings—in the long-term.
Here’s why
investing pros like them: built-in diversification. In a single
transaction, you’re investing in hundreds, even thousands, of companies
across a variety of sectors. Diversification helps you avoid
irreparable, Tower of Terror-esque drops in your portfolio’s value. It’s
exactly what the (former?) dogecoin millionaire didn’t do.
But if
you’re looking to tap into your savings in the next five years, you may
want to look elsewhere than the stock market. Like you said, markets
sometimes tank (the S&P 500 has dropped more than 10% several times
per decade), which is OK if you don’t need the money right away.
Still, since their inception, the S&P 500, Nasdaq, and the Dow have recovered from every loss and reached new heights.
PS: Later this summer, Ryan will be writing a twice-weekly personal finance newsletter to make you smarter about your money. Become one of the first subscribers.
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Walmart and Disney, two of the country's largest private employers, are requiring some of their workers to be vaccinated.
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Former President Trump’s tax returns must be handed over to the House Ways and Means Committee, the DOJ said yesterday.
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Broadway shows will require proof of vaccination and masks when they return this fall.
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How mixed reality is transforming the travel industry.
Olympics links
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The savings spiel continues. With Walmart+, you’ll save 1.5 hours per week4, $84 per year on fuel5, and $816 per year on groceries6. We’ll save you the trouble and just go ahead and yell, “Yowza,” for you. Seems that when Walmart+ says it’s the membership that can save you time and money, they mean it. Get a free 15-day Walmart+ membership right here.
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Of course
you do. Our inaugural Business Olympiad, where readers select standouts
from around the business world, has reached Finals Week, and it’s time
to up the stakes.
Introducing Predict the Podium,
a competition where you'll have the chance to guess who will take home
the gold, silver, and bronze medals in each Olympiad event. The most
accurate prognosticator will walk home with those stylin’ custom Brew
sneaks.
Predict the Podium here.
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New look, same great crossword for your Saturday morning. Play it here. | |
The
GOP Attack Ad That Has Democrats Cowering
Freedom
Caucus: Pelosi’s ‘Authoritarian Reign’ Must End
Silver Giveaway: Enter
Now to Win 50 Silver Eagle Coins
Wisc.
Legislature’s Top Republican Expands Probe Into Election Fraud
Ga.
Republicans May Take Control of Sloppy Fulton Co. Elections
SATURDAY 7.31.2021
BREAKING NEWS
As the Biden administration continues to release the illegal migrants...
The Department of Justice’s Office of the Inspector General (OIG) has...
If you didn’t already know that a “Jan. 6 Commission” controlled by House...
1st Evacuation Flight Brings 200 Afghans to US
Iceland’s Chief Epidemiologist Says CVD Restrictions Could Last For Up To 15 Years
Germany to require proof of CVD immunity or negative test on arrival
Experts say prices for Hunter Biden paintings not based on value
Dr. Fauci used one word on CNN that could come back to bite him
Trey Gowdy struck a career-ending blow to one pro-Defund Police “Squad” member
To Any American Who Owns a Cell Phone
Dr. Fauci is cheering on Mitch McConnell after he sent a threat to Americans you won’t believe
Hunter Biden got called out for doing something shady by this top Obama official
"America is the most generous country in the world
, but we can’t let others take advantage of us. Sadly, that’s
exactly what’s happening as the U.S. leads the charge to vaccinate the
world against the coronavirus. The United Nations and other global
institutions are abusing our generosity. Worse, Communist China – which
is responsible for the pandemic – is gaming the system to benefit itself
at our expense," wrote Nikki Haley in an op-ed for Fox News.
Ingraham grills Lindsey Graham on how GOP will benefit from infrastructure deal
Laura Ingraham discusses the Dems' infrastructure bill.
Joe Biden just yanked the rug out from under the American people.
Millions are furious.
Mark Levin asked one question to Joe Biden that has all hell breaking loose.
Nancy Pelosi picked a fight with Republicans that is going to end very badly for her
Trump just destroyed Nancy Pelosi with a bombshell letter she didn’t see coming
A Fox News analyst used one word to describe Joe Biden that gives Democrats nightmares
Jen Psaki’s answer to a question about the COVID vaccine made one thing clear
Dr. Fauci is drooling over a globalist coronavirus scheme after it scored a huge win
NEW Hilarious Biden
Apparel will Have your Sides Splitting
You've absolutely got to see
these new ridiculously funny Biden shirts. You're friends and family will crack up
when you wear them in public!
We've got a limited supply of
these new shirts (plus sweatshirts and hoodies) so come get them while you can! Go
here now to see the full lineup.
What God Told Ex-President Trump...
Trump is on the attack again...
But it's not against Nancy Pelosi or other liberal democrats...
It's against the Big Pharma companies that profit from your pain and suffering.
And you won't believe how he's using THIS "Biblical Weapon" to disarm these powerful companies...
And usher in a new era of Spiritual and physical healing in America.
So if you're sick and tired of paying big bucks for dangerous medications...
And tired of putting up with daily chronic pain...
Then you must see Trump's Shocking Biblical Weapon...
That, by the way, is taking the medical world by storm...
Because it's making most
drugs, doctor's visits, and expensive medical procedures
completely obsolete...
Which is why Big Pharma is
doing everything they can to CENSOR Trump's Biblical Weapon.
Watch all about Trump's Biblical Weapon while you still can.
P.S. The secular media and FAKE News Pundits want to censor this message...
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FEATURED BIOGRAPHY
Born On This Day
Milton Friedman
American economist
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FEATURED EVENT
1971
Lunar Roving Vehicle first used on the Moon
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MORE EVENTS ON THIS DAY
1921: Whitney M. Young, Jr.,
who spearheaded the drive for equal opportunity for African Americans
in industry and U.S. government service while he was head of the National Urban League (1961–71), was born in Lincoln Ridge, Kentucky.
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SEE ALL BIOS ON THIS DAY
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