"Turn away from evil and do good; seek peace and pursue it. The eyes of the LORD are on the righteous, and His ears are inclined to their cry." Psalm 34:14-15
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TOGETHER WITH
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Good morning. Norm Macdonald, the standup comic and SNL legend,
died yesterday at 61 after a battle with cancer. People were sharing
his jokes and stories all over social media yesterday, but this one
stood out:
“And I’m
pretty sure, I’m not a doctor, but I’m pretty sure if you die, the
cancer dies at the same time. That’s not a loss. That’s a draw.”
—Jamie Wilde, Neal Freyman, Sherry Qin
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Nasdaq
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15,037.76
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S&P
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4,443.05
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Dow
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34,577.57
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Bitcoin
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$46,754.25
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10-Year
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1.290%
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Crocs
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$149.38
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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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Markets: All three major US indexes are down more than 1% in September after another dreary trading day yesterday. Bucking the trend: Crocs, which hit an all-time high after offering a 2026 revenue forecast with absolutely no holes.
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Economy: Consumer prices, as measured by the Consumer Price Index, rose at a slower pace in August than in July—comforting news for anyone concerned about runaway inflation. Heck, even used car prices declined 1.5%.
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Politics: California Gov. Gavin Newsom will stay in office after winning a recall election.
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SpaceX
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One billionaire and three normies currently have the coolest answer to, “What are you doing this week?”
At 8:02pm ET tonight, they’ll become the first all-civilian crew to go into orbit, rising about 80 miles higher than the International Space Station at the peak of their three-day joy ride.
Why it matters: This
mission, SpaceX’s Inspiration4, is far more ambitious and technically
difficult than the other billionaires’ space flights this summer.
Bezos’s Blue Origin flight was the first suborbital
all-civilian mission, and Richard Branson’s Virgin Galactic trip was so
suborbital that some question whether he was in space at all.
Meet the crew
Billionaire
entrepreneur and trained pilot Jared Isaacman booked the whole ship like
it’s a table in Vegas for his bachelor party. Who’s joining him:
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Hayley Arceneaux,
a cancer survivor and physician assistant at St. Jude, will become the
youngest person ever to go to space at 29, and the first with a
prosthetic body part.
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Christopher Sembroski, a Lockheed Martin data engineer, is going in place of his friend who won his ticket through a St. Jude fundraising campaign.
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Sian Proctor,
a geology professor and former astronaut trainee, won a contest held by
Isaacman’s payment processing company, Shift4. She’ll become the fourth
Black woman and the first person from Guam to go to space.
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A lot of merch,
including a ukulele from Martin Guitar and 66 pounds of hops for Samuel
Adams—“the official beer of Inspiration4.” Après-space anyone?
Zoom out: Through
its Commercial Crew Program, NASA invested billions in both Boeing and
SpaceX to get commercial space flight off the ground. This is SpaceX’s
first all-civilian mission and fourth crewed flight overall, putting it
lightyears ahead of Boeing, which has yet to send any humans into space.
But while
the Inspiration4 is a milestone for commercial space travel, seats are
still far too expensive ($450k a pop for Virgin Galactic) for the
average amateur astronaut to afford.
How to watch: You can stream the mission starting at 3:45pm ET on SpaceX’s YouTube channel. If liftoff is delayed for any reason, SpaceX will try again Thursday night. – JW
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Toby Howell
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After knocking on wood and refusing to pick up a quarter that landed on tails, Apple introduced the iPhone 13
yesterday. But besides a larger battery, a faster chip, and a smaller
“notch” at the top of the screen, users won’t find that much difference
between the new model and the iPhone 12.
Okay, there is a new “cinematic mode” that’s like portrait mode for videos. And the iPhone 13 Pro will become the first iPhone with the ability to store 1TB of data, so that’s cool.
What else did Apple announce?
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The Apple Watch Series 7, also not a whole lot different than the previous model but now with a bigger screen.
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Updated iPads. Faster processors, better cameras, no other major changes, etc.
Big picture: Apple’s event comes just days after a judge forced the company to make the biggest change
to the App Store since it was created in 2008. But it mostly escaped
the worst (being considered a monopoly) from a lawsuit brought by Epic
Games.
Looking ahead...these gadgets will run on Apple’s new mobile operating system, iOS 15, which is set to launch this month.
For more Apple:
– NF
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“We make body image issues worse for one in three teen girls,” Facebook’s internal research from 2019 declared.
Leaked documents reviewed by WSJ show
that, despite knowing the harmful impacts of Instagram on teens,
Facebook has taken few actions to make it less toxic and protect its
most vulnerable users.
- Per
FB’s internal research, teens who said they felt “unattractive,” “not
good enough,” and “don’t have enough money” traced their negative
self-images back to the app.
- But
in public, Facebook has downplayed the impacts and masked its data.
“People talk about Instagram like it’s a drug. But we can’t study the
active ingredient,” Andrew Przybylski, a researcher at Oxford
University, told the WSJ.
Why it matters:
There are nearly 1 billion active monthly users on Instagram, and more
than 40% of its users are 22 years old and younger. Teenagers may suffer
from eating disorders, anxiety, and depression as they mold their lives
according to the Instagram aesthetic.
Bottom line:
Facebook’s plan to create a new Instagram product for children under
13, which has drawn severe criticism from regulators, is still in the
works.
+ Check out this subreddit to see why Instagram isn’t real life. – SQ
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SPONSORED BY FIDELITY INVESTMENTS
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Ian McKinnon
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Remember your favorite investing podcast, Fresh Invest? Well, we're officially back for a second season. 
We've all
heard ad nauseam, finance is undergoing a broad democratization—but
market insight hasn't quite kept up with that change. The solution?
We're going to deliver those market smarts every week in Fresh Invest S2.
Now check
this: Last season, we covered the economy and investing-related topics
in a very macro way. This time around, we're getting personal.
We asked you
what finance q's keep you up at night, and then designed this season to
assuage your wonders and worries. There's even a nifty new section
where we answer one of your questions. And by "we," we mean people who
really know their stuff from Fidelity Investments.
This season, Fresh Invest isn't just about being a podcast. We want to be your BFF: Best Financial Friend.
Listen to the first episode here.
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Francis Scialabba
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Stat: More than 45% of young people surveyed across 10 countries said climate change caused them anxiety and affected their daily lives. 56% said they thought humanity was doomed.
Quote: “Starting with boosters, especially giving it to healthy populations, is really not right.”
The WHO’s director-general continued to slam
wealthy countries for starting their booster campaigns when there are
countries with less than 2% of their populations vaccinated. Both the US
and the UK will begin giving out third shots next week.
Read: The big problem with plastic. (Consumer Reports)
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Matthew Horwood/Getty Images
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Pretty soon, everyone will be an Amazon employee.
Amazon said it will add 125,000 delivery and warehouse workers
in the US ahead of the busy holiday shopping season. Those new hires
will be paid an average starting wage of $18/hour, up from around $17 in
May.
Where will they all work? Well, Amazon plans to open 100 new logistics facilities this month alone. It’s already opened more than 250 airport hubs, warehouses, and delivery facilities this year.
- This
logistics hiring spree comes in addition to the 55,000 tech and
corporate jobs Amazon is planning to add globally this fall.
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One out of every 153 employed workers in the US works for Amazon, per Business Insider.
Big picture: Amazon’s raising the stakes in the fierce competition for employees. More than two-thirds of global businesses said they faced difficulty
in hiring workers, a recent survey showed—a 15-year high. And
yesterday, Kroger’s CEO told CNBC that the company is desperate to fill
20,000 job openings. “One of the biggest constraints we have right now
is finding talented people,” he said. – NF
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US poverty
fell in 2020 when federal relief payments are taken into account,
according to the Census Bureau. It’s both a surprise and a testament to
the aid programs that poverty didn’t increase when the Covid-19 pandemic
left millions without work.
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Boeing
raised its forecast for commercial jet demand over the next 20
years...but said the sector lost two full years of growth due to Covid.
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More than 75% of the world’s planned coal plants have been scrapped following the signing of the 2015 Paris Agreement.
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Sen. Elizabeth Warren asked the Fed to split Wells Fargo’s core banking services from the rest of its businesses.
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Rx, meet AI. NowRx
is using proprietary software and robotics to reinvent your telehealth
and pharmacy experience. They are disrupting the $480B retail pharmacy
market and previously oversubscribed their $20M Series B round, proving
that investors clearly want what NowRx is prescribing. Get a dose of this money-making opportunity here.*
Untuck yourself: You're cool, casual, and confident. Why not wear a shirt that feels the same? Mizzen+Main's Leeward No Tuck puts the casual in business casual and works wherever the day takes you. Use code MIZZENBREW25 to get $25 off regular price purchases of $125 or more.*
Plan your foliage road trip: Here’s a map that shows when leaves’ fall colors will peak across the country.
Four engineering videos: 1) The making of a Rogue barbell 2) The Dallas-Houston bullet train project 3) All about Tesla’s innovative door handle and 4) Empty skyscrapers getting demolished in China
*This is sponsored advertising content
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Word Search: See if you can identify subway systems around the world in today's puzzle.
For the Gram
Can you spot the the grammar/style errors in the following WSJ sentences?
- A
new bill would allocate competitive grants to colleges and universities
to analyze, digitize and map historic housing discrimination records.
- Born in Soviet-occupied Afghanistan, Ms. Popal’s life had tracked the tumultuous four decades for women in her country.
- The insertion of a SWAT team like this did not diffuse the situation—it exacerbated it.
- The suspect was transported to a hospital and expected to survive.
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- Historical, not historic. Historic refers to an important moment in the past.
- This is a dangling participle. The subject should just be Ms. Popal, not her “life.”
- Defuse, not diffuse.
- You need a “was” before “expected to survive.”
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Treason: Milley Secretly Called Chinese General to Give Him Advance Warnings
Project Veritas: Nursing Home Patient Dies After Being Tricked Into Taking Vaccine
Biden DOJ Clamps Down on Law Enforcement, Bans Use of Police Certain Techniques
Biden Scares a Baby When He Leans in For His Signature “Sniff and Kiss” (VIDEO)
Photo: Eduardo Munoz/Reuters
Above, Lin Manuel-Miranda speaks to the Richard Rodgers Theater audience ahead of the first return performance of "Hamilton."
Theater royalty
— Miranda, Kristin Chenoweth and Julie Taymor — welcomed back
boisterous audiences to the mega-hits "Wicked," "The Lion King" and
"Hamilton" for the first time since the start of the pandemic, AP's Mark
Kennedy reports.
- Why it matters: The
return of the three musicals, the spiritual anchors of modern
Broadway’s success — plus the return of the long-running "Chicago" and
the reopening of the iconic TKTS booth — show Broadway is climbing back,
despite Delta fears.
Photo: Craig Ruttle/AP
Above, people applaud during a surprise curtain speech by actress Kristin Chenoweth (below) as "Wicked" reopens at the Gershwin Theater.
- Chenoweth originated the role of Glinda when the show opened on Broadway in 2003. (N.Y. Times)
| Axios AM
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By
Mike Allen
·Sep 15, 2021
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Happy Wednesday. Smart Brevity™ count: 1,192 words ... 4½ minutes. Edited by Zachary Basu.
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1 big thing: Mark Milley's crisis
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Screenshot: CNN
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When Joint Chiefs Chairman Mark Milley goes before
Congress on Sept. 28, he'll face some of the most hostile questioning of
any modern four-star general, Axios' Jonathan Swan reports. - The first excerpts from "Peril"
by Bob Woodward and Robert Costa — coming next Tuesday — detail secret
moves by Milley, the nation's highest-ranking military officer, to
manage national security risks that he perceived Donald Trump posed in
the final days of his presidency.
State of play: Republicans were already irate at Milley for playing a starring role in a string of recent Trump books. - Sen. Marco Rubio
(R-Fla.) — who serves on the Foreign Relations Committee — cited the
new reporting in calling for President Biden to fire Milley, accusing
the general of working to "actively undermine the sitting Commander in
Chief."
Even some of Milley's friends are
cringing over his extensive and high-profile scenes in these books — and
the widespread belief that he's participated on "deep background" with
multiple authors. - Extensive direct quotes attributed to Milley have led Republicans to accuse him of personally leaking to authors.
The most explosive Woodward/Costa excerpts describe two phone calls between Milley and his Chinese counterpart, on Oct. 30 and Jan. 8. - Milley reportedly assured the Chinese general that Trump wouldn't attack China — and that if Trump did decide to attack, then Milley would give his Chinese counterpart a secret heads-up.
Behind the scenes:
In mid-October 2020, top Pentagon officials grew concerned about
intelligence showing the Chinese were concerned about the possibility of
a surprise U.S. strike against China. - A source told Axios: "I
think they [the Chinese] were getting bad intelligence ... a
combination of 'wag the dog' conspiracy thinking and bad intel from bad
sources."
And it wasn't just Milley who intervened: - Then-Defense Secretary Mark Esper worried the Chinese were misreading the situation — and that their misperception could lead to a conflict nobody wanted.
- Esper directed
his policy office to issue a back-channel message to the Chinese to
reassure them the U.S. had no intention of seeking a military
confrontation.
- The message: Don't over-read what you're seeing in Washington; we have no intention to attack; and let's keep lines of communication open.
Keep reading.
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2.  Newsom victory speech: "Trumpism is not dead"
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Gov.
Gavin Newsom speaks last night at the John L. Burton California
Democratic Party headquarters in Sacramento. Photo: Rich Pedroncelli/AP After demolishing the GOP's recall effort, Gov.
Gavin Newsom used his victory speech to warn about former President
Trump's allegations that the California race was rigged. - "I said this many, many times
on the campaign trail," Newsom said in Sacramento. "We may have
defeated Trump, but Trumpism is not dead in this country. ... Democracy
is not a football."
 AP called the race in 46 minutes.
- The latest: 36% to recall, 64% against.
Axios managing editor Scott Rosenberg
tells me from the Bay Area that right-wing radio host Larry Elder, the
leading Republican, brought out Democrats and liberals — regardless of
what they thought of Newsom. - "There was a brief period when the polls tightened," Scott texts. "But once a successful recall loomed as a possibility, that roused people."
What's next: Watch
for a push to reform the recall process. It's hard, since the mechanism
is part of the state constitution. But Democrats have a lot of levers
of power to pull.
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3. Stimulus checks cut poverty during COVID
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Data: Census Bureau. Chart: Jared Whalen/Axios COVID aid lifted millions of Americans out of poverty last year, despite one of the country's worst labor markets ever, Axios Closer author Courtenay Brown writes from government data out yesterday. - Why it matters:
The surprising result shows the colossal impact that stimulus checks,
expanded unemployment payments and other benefits had on households in
2020 — even as millions lost jobs.
Keep reading ... Go deeper: Read the Census Bureau report.
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A message from Amazon
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Today is Amazon Career Day 2021
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This Career Day, Amazon is hiring for:
- Over 40,000 corporate and tech roles across 220+ U.S. locations.
- Tens of thousands of hourly positions within the company’s operations network.
The takeaway: Amazon Career Day is open to all, regardless of experience or professional background.
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4. Apple's sleeper
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Apple CEO Tim Cook yesterday. Photo: Brooks Kraft/Apple via Reuters
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A possible sleeper hit in the incremental iPhone updates Apple unveiled at a virtual show from Apple Park in Cupertino, Calif.: bigger batteries. - Why it matters:
The upgrade addresses one of the biggest issues facing modern
smartphone owners — a phone that still struggles to get through a full
day of heavy use, Axios' Ina Fried writes.
The iPhone 13, iPhone 13 mini, iPhone 13 Pro and iPhone 13 Pro Max all have bigger batteries than the comparable iPhone 12 model. - Apple is promising 90 minutes to 2½ hours more battery life, depending on the model.
Pricing remains
largely the same as last year, though the entry-level iPhone 13 ($799)
and iPhone 13 mini ($699) come with 128GB of memory — twice as much as
last year. - Preorders start Friday. The phones start shipping Sept. 24.
Keep reading.
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5. How to watch tonight's citizen-astronaut launch
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Inspiration4 capsule awaiting launch. Photo: SpaceX
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After six months of training, the Inspiration4 crew of amateur astronauts is set to launch from Cape Canaveral tonight. - Why it matters: This
first all-civilian flight to orbit is proof of concept for the private
spaceflight industry, which wants to send up many more people, Axios Space author Miriam Kramer writes.
The four crew members
will spend three days in orbit, flying higher than the International
Space Station and giving the cupola — a brand new, huge bubble window — a
test drive.  Listen to Axios' "How It Happened: The Next Astronauts" podcast docu-series with Miriam Kramer and the "How It Happened" team.
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6. Intel bigs: Antitrust could help China
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Excerpt from letter Twelve former top U.S. national security officials are urging Congress to hit pause on a package of antitrust bills, arguing the legislation could help China in the tech race, Axios' Zachary Basu writes. - Former Defense Secretary Leon Panetta and former Director of National Intelligence Dan Coats are among those arguing in a letter that imposing restrictions solely on U.S. giants will pave the way for a tech landscape dominated by China.
- Antitrust legislation to
break up U.S. tech giants — without targeting Chinese companies like
Huawei, Tencent and Alibaba — could impede innovation "critical to
maintaining America’s technological edge," they argue.
Big Tech companies themselves take that position, which has been dismissed by the top lawmakers shaping the bills.
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7. Ex-presidents welcome Afghans
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Image: Welcome.US
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Three former presidents — Bill Clinton, George W. Bush and Barack Obama — are backing Welcome.US, a new coalition supporting Afghan refugees as they settle in the U.S. The clearinghouse helps people sponsor a family, or get refugees housing or legal aid.
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8. Broadway ends longest shutdown
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Photo: Craig Ruttle/AP
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A message from Amazon
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Amazon hiring 40,000 corporate and tech jobs
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Today, Amazon is hosting Career Day 2021.
America’s largest training and recruiting effort aims to help both current and future employees grow their careers.
More info: Amazon Career Day 2021 is open to all job seekers — not just those interested in working at Amazon. |
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FEATURED BIOGRAPHY
Agatha Christie
British author
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FEATURED EVENT
1821
Central Americans granted independence
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1935: The Nürnberg Laws, among the first pieces of racist Nazi legislation that would culminate in the Holocaust, were passed in Germany; designed by Adolf Hitler,
they deprived Jews of German citizenship and forbade marriage or sexual
relations between Jews and “citizens of German or kindred blood.”
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Smart Moisture
Sensor for Detecting Leaks
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| ADVERTISEMENT |
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| ADVERTISEMENT |
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