Thursday, August 26, 2021

BREW WITH HEADLINES

Daily Brew

TOGETHER WITH

The Motley Fool

Good morning. Remember when Macaulay Culkin freaked us all out when he announced he was 40? Well he's 41 today .

Also a good time to remind you that a Home Alone reboot is coming to Disney+ on November 12, the sixth (and hopefully final) installment in the series.

— Jamie Wilde, Neal Freyman, Matty Merritt

MARKETS


Nasdaq

15,041.86

S&P

4,496.19

Dow

35,405.50

Bitcoin

$48,794.99

10-Year

1.349%

Dick's

$129.60

*Stock data as of market close, cryptocurrency data as of 6:00pm ET. Here's what these numbers mean.

  • Markets: Stocks continued their winning ways and the S&P briefly ticked above that beautiful but mostly meaningless round number of 4,500. Dick’s stock popped after saying that many people who picked up new fitness routines during quarantine...actually kept them up this spring.
  • Covid: Johnson & Johnson gave a boost to its booster prospects, saying that a second shot eight months after the original increased people’s immunity to Covid-19. Pfizer also reported positive booster data as it seeks regulatory approval for the third shot.

INTERNATIONAL

Anyone Know the Ted Lasso for Supply Chains?

Big Ben opened up to show its cogs

McDonald’s can’t make milkshakes in the UK, and it’s not because the machines are broken. It simply ran out. 

The bigger picture: The UK is facing historic shortages across the board due to supply chain snags that are hitting the country harder than the White Queen clobbered Ron. A sampling:

  • Iconic halal chicken joint Nando’s is feeling less cheeky after closing about 50 restaurants because of poultry shortages.
  • Supermarket chain Sainsbury's and other grocers are struggling to keep shelves stocked.
  • Gas station pumps are running dry, compounding supply chain issues.
  • One procurement industry leader told the BBC he’s seeing the “worst shortages of staff and materials on record.” 

These shortages are exacerbated by one broken cog in the supply chain: a lack of truck—err, lorry—drivers.

And while driver shortages are a problem in many countries, the UK’s are due to a more unusual set of circumstances than just “the pandemic.” The two main causes:

1. Brexit: Roughly 20,000 truck drivers originally from the EU left the UK after Brexit tightened up the country’s borders, an industry policy director told CNN. Those border restrictions have also made drivers wary of transporting goods from neighboring countries.

2. The “pingdemic”: If you think HR pinging you on a Friday afternoon is scary, imagine receiving this…

Close contact notification from UK NHS

That’s what the UK’s official Test and Trace app sends people if they come into close contact with someone who’s tested positive for Covid-19. Ignoring the message and heading to the pub or your lorry-driving job is illegal and can result in a fine ranging from £1,000–£10,000 (roughly $1,400 to $14,000).

  • In the week of July 8–14, about 620,000 people across England and Wales received messages from the app telling them to self-isolate for ten days, per the UK’s National Health Association.

Looking ahead...the UK government threw a plaster on its problem last Thursday, announcing that fully vaccinated workers would be exempt from the ping’s instructions. But the damage has been done, and the shortages are already taking a significant toll on the country's economic rebound. – JW

        

AVIATION

Delta Is Doing Something About Delta

The airline is slapping a $200 monthly surcharge on the health insurance premiums of unvaccinated employees starting Nov. 1. 

It comes down to “financial risk,” CEO Ed Bastian said. All Delta employees who’ve been hospitalized due to Covid were not fully vaccinated, and the average Covid-related hospitalization has cost the company about $50,000/person, Bastian said.

This unprecedented move by Delta came two days after the FDA gave full approval for Pfizer’s Covid-19 vaccine. And while the airline isn’t mandating vaccinations, it’s making life frustrating for employees who are unwilling to get the shot. 

Big picture: Airlines aren’t following the same playbook for vaccination policies.

  • United is mandating vaccinations of its employees within five weeks of the vaccine’s full approval. 
  • American Airlines, on the other hand, has said it will not require vaccinations. 
  • Spirit’s decision has been canceled. 

Zoom out: The aviation industry has a clear business interest in stamping out Covid. American Airlines warned yesterday that August revenue could be lower than expected, joining other carriers like Southwest that said the Delta-fueled wave was slowing demand for air travel. – NF

        

ENTERTAINMENT

OnlyFans Yesterday

I've made a huge mistake meme from Arrested Development

After its shocking announcement last week that it would ban sexually explicit content, OnlyFans flipped faster than any cast member of Selling Sunset when faced with confrontation. Yesterday, the adult entertainment platform reversed that policy change after facing backlash for abandoning the sex workers who helped build the platform into a media behemoth. 

The background: Founder and CEO Tim Stokely blamed pressure from banks for the initial ban, and specifically called out Bank of New York Mellon, Metro Bank, and JPMorgan Chase for creating obstacles to paying its adult creators the $300+ million they earn every month.

OnlyFans hasn’t said whether its relationship with banks has changed, but the problems it’s facing are nothing new in the adult entertainment industry. Last year, Mastercard and Visa banned the use of their cards on Pornhub, an adult video hosting site that we’ve never heard of until right now.

Looking ahead...for creators dependent on a single site for income, the back and forth was a wake up call that they may need to diversify their distribution channels. – MM

        

SPONSORED BY THE MOTLEY FOOL

Stop What You’re Doing

The Motley Fool

And look at this guy in the photo. He’s wearing a two-piece suit and there’s money (money!) falling all around him. 

How did he get there? Well, we can’t say for certain, but we have a hunch it has something to do with the stock aficionados at The Motley Fool. They just released 5 stocks that they think are screaming (in a good way) for investors to buy them. 

And if you’re feeling skeptical, let’s take a look down memory stock lane where the Motley Fool led investors to some life changing investment returns. We’re talking about companies like:

  • Amazon (on 9/6/2002), you’d be up 21,748%
  • Netflix (on 12/15/2004), you’d be up 27,973%

Of course, not all of their picks have performed as well, but don’t get stock fomo when you could be jumping for stock joy in a suit. 

Learn more today.

GRAB BAG

Key Performance Indicators

Stat: Alphabet’s drone delivery arm, Wing, has delivered 10,000 cups of coffee, 1,700 snack packs, and 1,200 roasted chickens to customers in Logan, Australia. Wing, which has been operating in Australia since 2019, said it expects to make its 100,000th delivery in the next few days. 

Quote: “​​The rising usage of smartphones, tablets, computers, and other devices has contributed significantly to increased vision correction needs and consistent new customer growth within the eyewear market.”

The eyewear seller Warby Parker said that WFH has screwed up our eyes so badly that it’s been great for business. The direct-to-consumer pioneer filed to go public on Tuesday. 

Read: Roger Federer’s biggest legacy might be his billion-dollar brand. (NYT Magazine)

        

MEDIA

Has Anyone Seen This Man?

Joe Rogan

Michael S. Schwartz/Getty Images

Joe Rogan shook up the podcasting world when he brought his megapopular show exclusively to Spotify in a deal worth a reported $100 million. 

How’s that going for him? Could be better, according to an investigation by The Verge. Using secondary metrics, like how much of a promotional boost Rogan gave his guests, The Verge found that Rogan’s influence has diminished since he went to frolic in Spotify’s walled garden.

Some of the evidence: 

  • Before the Spotify move, Rogan’s smaller guests could expect to add 4,000 Twitter followers/week after appearing on the show. Since he went to Spotify, that number has dropped to 2,000.
  • Rogan’s YouTube channel, which used to post full pod episodes but hasn’t since the switch, is growing more slowly.
  • Google searches for Rogan are down this year from 2020.

Big picture: As scientists would say, there are numerous confounding variables that could help explain a dip in enthusiasm for the podcast. But as Spotify tries to bring on more high-profile podcasts to its platform (like it just did with Call Her Daddy), podcasters might increasingly question whether Spotify’s $$$ is worth limiting their exposure on other platforms. – NF

        

WHAT ELSE IS BREWING

  • State and local governments have only distributed 11% of the $46.5 billion in rental assistance that was authorized by Congress, the Treasury Dept. said yesterday.
  • NY Gov. Kathy Hochul added nearly 12,000 Covid-19 deaths to state records that hadn’t been reported publicly by predecessor Andrew Cuomo.
  • Good Morning America’s former top producer, Michael Corn, was sued by an ABC News staffer for sexual assault and presiding over a toxic workplace.
  • The Caldor Fire is bearing down on Lake Tahoe, raining ash on visitors and residents.
  • Marketing companies aren’t on the same page over the complex topic of education requirements for jobs.

BREW'S BETS

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A very important question: Marvel character or font?

This is too real: How we all experience the internet today.

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GAMES

The Puzzle Section

Brew Mini: This puzzle is a work of art.

Three Headlines and a Lie 

Three of these news headlines are real and one is faker than a compliment for a bucket hat. Can you guess the odd one out?

  1. Eggo just launched its first meatless chicken and waffles
  2. Nirvana sued by baby from Nevermind album artwork for child pornography
  3. Tony Hawk's blood is being used in $500 limited-edition skateboards
  4. Feral cats responsible for more paused baseball games than storms in Chicago

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ANSWER

The feral cats one was a product of our imaginatio

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DAILY NEWS - AUGUST 25, 2021

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Encyclopaedia Britannica | On This Day
August 26
Antoine Lavoisier

FEATURED BIOGRAPHY


Born On This Day

Antoine-Laurent Lavoisier

French chemist

READ MORE
Jean-Auguste-Dominique Ingres: painting of Joan of Arc

FEATURED EVENT


1429

Joan of Arc's arrival in the outskirts of Paris

MORE EVENTS ON THIS DAY

Neil Simon

Selma March

Haile Selassie

Hundred Years' War: Battle of Crécy

John Paul I


ALSO BORN ON THIS DAY







SEE ALL BIOS ON THIS DAY

Soaring COVID cases across the U.S. are perpetuating a preventable wave of suffering that's already straining hospitals And an average of 1,000 Americans are dying per day, Axios' Sam Baker writes.

  • The U.S. is now averaging over 150,000 new coronavirus cases per day — a 22% increase over the past two weeks.
  • Infections are rising in 46 states — all but Maine + the triad of Missouri, Louisiana and Arkansas, where summer cases flew off the charts.
Photo: Master Sgt. Donald R. Allen/U.S. Air Force via AP

U.S. Air Force pilots help board people being evacuated from Afghanistan on an Air Force C-17 Globemaster III, at Hamid Karzai International Airport in Kabul on Tuesday.

Photo: Master Sgt. Donald R. Allen/U.S. Air Force via AP
1 big thing — COVID's new reality: Risk forever


Illustration: Aïda Amer/Axios

 

Vaccinated Americans are facing a disheartening reality: Even after getting the shot, we'll have to live with some level of COVID risk for the foreseeable future, Axios' Caitlin Owens writes.

  • A glut of data released over the past few weeks supports the idea that coronavirus vaccine effectiveness against infection begins to wane over time, although it remains effective against severe disease.

Most of the data suggest effectiveness is on the decline within six months post-vaccination.

  • But the Biden administration plans to recommend a booster after eight months — which appears to still be well before effectiveness significantly wanes.

Between the lines: The U.S. vaccination campaign began in December. So millions of vaccinated Americans are likely significantly less protected than they were when they completed their shots.

  • That's not even accounting for the possibility that the vaccines are less effective against Delta.

💭 Caitlin's thought bubble: I'm also trying to figure out what is a sustainable and ethical level of risk to incorporate into my life.

  • As a low-risk person (young, healthy), my main fear isn't getting the virus. It's contributing to its spread among the unvaccinated and the vulnerable.
  • That means I'm back to wondering whether I should dine indoors, struggling to make travel plans and taking coronavirus tests after being in what I perceive to be high-risk situations. These are all things I had hoped were behind me after I became fully vaccinated.

Share this story.

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2. Mapped: COVID cases rise in 46 sates
A protest against vaccine mandates and passports at City Hall in New York yesterday. Photo: Andrew Kelly/Reuters

Between the lines: The biggest increases are happening primarily in a cluster of states where vaccination rates are low and safety measures like masks are spotty.

  • Tennessee had the biggest spikes in the number of new cases, followed closely by a cluster of nearby Southeastern states as well as Alaska, South Dakota and Wyoming.

Share this map.

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3. Rising arms race: Cyberdefense


Illustration: Shoshana Gordon/Axios

 

President Biden is enlisting Big Tech in defending against a growing wave of cyberattacks, which have become too big a problem for government alone.

  • A White House summit yesterday included CEOs of Apple, Google, Amazon, Microsoft and IBM, and concluded with a raft of announcements of new cybersecurity projects and spending plans.

Between the lines: That's awkward! The White House wants to partner with the tech companies — while also pursuing them with antitrust lawsuits and investigations, Axios' Scott Rosenberg and Ina Fried note.

  • Biden's meeting can be seen as a signal from Washington to industry that it needs to take strong voluntary action — or face a new wave of regulatory or legislative mandates.

A flurry of administration and business announcements followed the summit:

  • Microsoft said it would spend an additional $20 billion over five years on "security by design," and offer $150 million in technical services to federal, state and local governments.
  • Google plans to spend $10 billion over five years on zero-trust programs and other measures to bolster software supply chains and open-source security.
  • Amazon said it would offer the public free access to the same "security awareness training" it provides its employees.
  • IBM said it would train 150,000 people in cybersecurity skills over three years and partner with 20 historically Black colleges and universities to create cybersecurity leadership centers.
  • Apple said it was starting a new program to enhance supply chain security.

The catch: Many in industry believe that baked-in government rules could hamstring companies trying to adapt to a rapidly changing cybersecurity environment.

What we're watching: The summit also covered ways to protect supply chains and critical infrastructure and cyber insurance for businesses.

  • There's a pressing shortage of workers in the sector, where "nearly half a million public and private cybersecurity jobs remain unfilled," according to a White House statement.

Go deeper: List of private-sector announcements after White House summit.

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A message from Amazon

“Amazon has allowed me to live a comfortable life”
 

 

When Luv-Luv joined Amazon, she was just looking for a job — any job — with health care. What she found was so much more.

Thanks to Amazon’s starting wage of at least $15 an hour and comprehensive benefits, she is able to live life on her own terms.

Watch her story.

 
 
4. Pics du jour: Leaving Afghanistan
Photo: Master Sgt. Donald R. Allen/U.S. Air Force via AP
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5. Path to America
Data: Defense Department, Axios research. Map: Danielle Alberti/Axios

The U.S. has evacuated 80,000+ people from Kabul since Aug. 14, most of them Afghans. Axios World editor Dave Lawler maps the journey:

  • Most U.S. military flights out of Kabul go to one of three hubs — in Qatar, Bahrain or Germany. Secondary sites are in the UAE and Kuwait, and at U.S. military installations in Germany, Italy and Spain.

Those who hold U.S. visas or have completed the Special Immigrant Visa application process can be quickly cleared to come to the U.S.

  • It remains unclear how long others might wait. The administration is dispatching diplomats as well as intelligence, law enforcement and counterterrorism officials to expedite the process.

Those who are cleared to travel to the U.S. are being flown to Dulles, then on to one of four U.S. military bases — in New Jersey, Texas, Virginia and Wisconsin. Additional U.S. bases are expected to be added.

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6. Tracking Trump
Bennie Thompson.


Jan. 6 committee chair Rep. Bennie Thompson (D-Miss.). Photo: Tom Williams/CQ-Roll Call via Getty Images

 

The Jan. 6 select committee made a sweeping records request to the National Archives and federal agencies:

  • Lawmakers demanded detailed records about former President Trump's every movement and meeting on the day of insurrection.

The requests "show that as they ramp up their inquiry, investigators are looking closely at ... any connections [Trump] or his administration had to the rioters," writes The New York Times' Luke Broadwater (subscription).

  • "They are also looking into the potential involvement of at least one top aide to a Republican member of Congress who helped publicize the 'Stop the Steal' rallies," The Times reports.
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7. Nixon body man plans tell-all


Cover: William Morrow

 

On Feb. 15, one of Nixon’s closest aides will break his silence:

  • Dwight Chapin, who went to prison as a result of Watergate, was Nixon’s body man and traveling companion in the 1960s ... a protégé of Bob Haldeman ... and as a White House aide was responsible for the logistics of events ranging from Nixon's meeting with Elvis to the opening to China with Henry Kissinger.

The publisher, William Morrow, says Chapin's upcoming memoir, "The President's Man," will take reader behind the scenes with history makers including Coretta Scott King, LBJ, Hubert Humphrey, Sen. Ted Kennedy, Leonid Brezhnev, Chairman Mao, Frank Sinatra, and Roger Ailes.

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8. 📚 Coming attractions: Steve Coll on losing Afghanistan

Steve Coll plans a final volume in his panoramic and investigative series on the U.S. misadventure in Central Asia, Penguin Press says:

  • The trilogy began with "Ghost Wars," the Pulitzer-Prize winning account that traced the CIA's covert war against Soviet occupation during the 1980s, through the rise of the Taliban and Osama bin Laden, to the eve of the 9/11 attacks.
  • "Directorate S," winner of the National Book Critics Circle Award, opened on 9/11 and carried the history through 2016, to the eve of Donald Trump's election to the White House.
  • The new work (no date set) will follow from there to the fall of Kabul and beyond. 
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9. ESPN sidelines Rachel Nichols from NBA
Rachel Nichols.


Photo: Michael J. LeBrecht II/NBA via Getty Images

 

ESPN is removing longtime basketball reporter Rachel Nichols from all NBA coverage, and canceling her daily show "The Jump," reports Sports Business Journal (subscription).

  • The drama comes a month after The New York Times posted leaked audio of Nichols, who is white, suggesting that her Black colleague Maria Taylor was chosen to lead ESPN's NBA finals coverage instead of her because the network was "feeling pressure" on diversity.
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10. 1 smile to go
Photo: Ben Jackson via AP

Ben Jackson, a sheep farmer stuck in lockdown in New South Wales, Australia, was unable to attend his aunt Deb's funeral. So he honored her with sheep herded into the shape of a heart.

  • This shot is from drone video of pregnant ewes munching barley in his paddock.

Jackson started experimenting with making shapes with sheep to relieve the monotonous stress of hand-feeding livestock during a devastating drought across most of Australia, AP reports.

  • He discovered that if he spelled the names of his favorite musical bands with grain dropped from the back of a truck, the flock would roughly adopt the same shape for several minutes.
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A message from Amazon

Amazon ranked as the No. 1 U.S. company investing in America
 

 

The Progressive Policy Institute (PPI) ranked Amazon as the No. 1 U.S. company investing in America.

Why it’s important: PPI estimates Amazon invested $34 billion in U.S. infrastructure in 2020. Every Amazon job comes with a starting wage of $15/hr and comprehensive benefits. Learn more.

 

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