Thursday, September 16, 2021

IMPORTANT DATA BREW WITH LOTS OF HEADLINES

 


Daily Brew

TOGETHER WITH

Electric

Good morning. They did it. Four amateur astronauts blasted into space last night on SpaceX's Inspiration4 mission, becoming the first all-civilian crew to travel to orbit. They're expected to splash down off the coast of Florida in three days.

In other space news, NASA astronaut Mark Vande Hei got his stay aboard the ISS extended to 353 days, which would be the longest spaceflight ever recorded by an American. Makes sense, who would want to give up that Zoom background? 

Jamie Wilde, Matty Merritt, Neal Freyman

MARKETS


Nasdaq

15,161.53

S&P

4,480.70

Dow

34,814.39

Bitcoin

$48,117.88

10-Year

1.301%

MGM Resorts

$40.38

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

  • Markets: Stocks bounced back yesterday thanks in part to some bullish economic data. Casino stocks weren’t a part of the rally...more on why a little later.
  • Crypto: Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, said regulators would “try to kill” bitcoin if it became too successful. Dalio said he’s put a “certain amount of money” in the crypto.
  • Geopolitics: The US announced a security alliance with the UK and Australia, called AUKUS (pronounce how you'd like), that would help Australia build nuclear-powered submarines. The partnership is seen as a move to counter China's influence.

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Learn how to build a smart, coherent trading strategy in today’s episode of Fresh Invest, our podcast with Fidelity. Listen now.

DELIVERY

DoorDash Starts a Food Fight

Florida, Miami, restaurant cashier with signs for food delivery services...

Jeff Greenberg/Getty Images

These days, food delivery apps have more suits than Barney Stinson.

DoorDash sued New York City yesterday over a law that would make the delivery app share customer data—including names, emails, phone numbers, and delivery addresses—with the restaurants fulfilling its orders. And that’s the second time DoorDash sued NYC...this week.

The other lawsuit, which saw DoorDash, GrubHub, and Uber Eats join forces, concerns commission caps, or the percentage of a food order’s total that delivery apps can charge restaurants for their services.

Some background: Pre-pandemic, apps reportedly charged restaurants 20%–40% per order. But when Covid-19 shut down in-person dining, restaurants were forced to rely on delivery. So NYC, plus San Francisco, Chicago, and several other cities, imposed commission caps to help keep restaurants afloat and the dream of sizzling fajitas alive.

  • The NYC law that apps are fighting limits them to charging 15% of an order’s total for delivery and 5% for other services, like in-app advertising.
  • What delivery apps like DoorDash are angry about is that leaders in NYC and SF traced over their commission cap laws in Sharpie even after restaurants reopened.

It’s part of a bigger battle between apps and regulators

  • Chicago sued DoorDash in August for adding a “Chicago Fee” to orders, implying to customers that the city introduced an extra charge. It also went after GrubHub for other allegedly deceptive practices
  • Portland, OR, is facing a similar problem: UberEats added a “City of Portland Ordinance” fee, while DoorDash added a “Portland City Mandate.”

Bottom line: Food delivery is a brutally tough biz, and even during the pandemic boom times those companies remained unprofitable. More helicopter parenting from cities could threaten their long-term viability even more.—JW

        

Chris Mcgrath/Getty Images

As part of its dramatic quest to reshape its consumer culture, the Chinese government is now taking aim at Macau, the largest gambling market in the world. 

What happened: The government of Macau, a special administrative region of China, said it would kick off a 45-day consultation period for the industry, which investors fear could lead to tighter restrictions and...less gambling. 

Gaming stocks are going to have to hit the ATM, because they got wiped out.

  • A Bloomberg index of the six Macau casino operators plummeted 23%, the biggest one-day fall on record. 
  • US casino stocks with exposure to Macau, such as Wynn, also tumbled yesterday.

Zoom out: Macau is to Las Vegas as Las Vegas is to Atlantic City. Macau’s casinos rake in around $37 billion in annual revenue, roughly 5x more than the Vegas Strip. But this crackdown couldn’t have come at a worse time for Macau, when revenue is already down ~80% from pre-pandemic levels. —NF

        

STARTUPS

Canva Drags and Drops Its Way into the Top Five

When we needed our hot takes to be cute and Instagrammable, Canva was there with its Futura font and pastel backgrounds. Now, after raising $200 million at a $40 billion valuation, the Australian company is the world’s fifth-most valuable private startup—sandwiching itself between Klarna ($45.6 billion) and Instacart ($39 billion).

Canva, which launched in 2013 with a free service, started out as the go-to design platform for small businesses and anyone who wanted to make trendy posters, but it has since added paid versions for power users and companies. 

  • Canva has 60+ million monthly active users in 190 countries, and companies like Salesforce, Marriott, and PayPal all use its enterprise plan.

Two of the company's founders, CEO Melanie Perkins and COO Cliff Obrecht, also said yesterday that they’d donate most of their combined 36% stake in the company to charity. 

Looking ahead...Canva will use the new funding to double its 2,000-person staff over the next year and expand into web design and video editing tools. —MM

        

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William Campbell/Getty Images

Stat: Yellowstone National Park is turning into a zoo...of humans. More people visited the park last month—921,844—than in any August on record, park officials said. That’s a 4.5% bump from last August and a 12% increase from 2019.

Quote: “To be clear, I blame Larry Nassar, but I also blame an entire system that enabled and perpetrated his abuse.”

Simone Biles and other American gymnasts testified at a Senate hearing around the FBI’s (mis)handling of sexual abuse allegations against former USA Gymnastics team doctor, Larry Nassar. Nassar is serving what amounts to a life sentence in prison.

Watch: An excellent back-to-office video. (Julia Hobsbawm on Twitter)

        

CYBERSECURITY

The Future Is Passwordless

Fingerprint on a 3D Microsoft logo

Francis Scialabba

Microsoft said that all of its accounts, from Outlook to Xbox, can now be accessed without a password. Which means you’ll be able to log in by using some combo of fingerprint/facial recognition, Microsoft’s authenticator app, and a verification code sent to your email.

This is years in the making. In 2018, Microsoft launched its first version of passwordless logins so people could ditch the old sticky-notes-taped-to-the-laptop storage method. Since then, 200+ million users have opted to live the password-free lifestyle, according to the company.

Big picture: Other tech giants, like Google and Apple, have also been working on passwordless authentication to beef up security on their own accounts—because while it’s more convenient to scan your finger for email access, it’s also more secure.

  • Hackers have a much easier time breaking into your email when you’ve been using slightly altered versions of “Blink182Luver” as a password for the last seven years. 
  • It’s much harder to swipe a user’s fingerprint or a code sent directly to their phone.

Bottom line: Microsoft said that the rapid shift to digital during the pandemic accelerated its timeline for the rollout. —MM

        

WHAT ELSE IS BREWING

  • Today in boosters: Moderna released data suggesting that immunity conferred by its Covid-19 vaccine decreases over time, which it says supports the use of booster shots. But the FDA said it hasn’t seen enough evidence to conclude that booster shots are needed. 
  • NFT marketplace OpenSea acknowledged that its head of product bought NFTs he knew were going to be featured on the site’s front page.
  • Taco Bell is testing a monthly subscription service.
  • IPO update: Dutch Bros., the coffee chain that sells egregiously sweet drinks across the Western US, and On Running, the Swiss running shoe company backed by Roger Federer, both began trading yesterday.
  • To all our readers fasting today for Yom Kippur, we hope it's an easy one.

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BREW'S BETS

Book recs on book recs: The 50 biggest books of fall 2021 and the short list for this year’s Booker Prize. 

From the Trinidad bureau: Two interesting responses to that Nicki Minaj tweet.

Meet Neffy: The winner of NPR's 2021 Tiny Desk Contest.

GAMES

The Puzzle Section

Brew Mini: Got this one done in :25. Can you beat that

Three Headlines and a Lie

Three of these news headlines are real and one is faker than the phrase, “Sure, I’ll help you move.” Can you guess the odd one out?

  1. Lord of the Rings actors praise Italian man who lives as a hobbit
  2. The toilet-paper startup Who Gives a Crap just raised $30 million
  3. Bookstore boycotts new Sally Rooney novel so staff doesn’t have to interact with ‘sad people’
  4. Massachusetts calls on the National Guard to mitigate a school bus driver shortage.

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ANSWER

We made up the Sally Rooney one. But go read her new book!

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Encyclopaedia Britannica | On This Day
September 16
Tomás de Torquemada

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Spanish inquisitor

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SEE ALL BIOS ON THIS DAY

In a time-exposure photo, four private citizens lift off from Cape Canaveral. Photo: John Raoux/AP

Elon Musk's SpaceX launched the first crew of amateurs into orbit without a professional astronaut onboard last night, signaling a new era in space, writes Axios' Miriam Kramer, who spent months talking to the Inspiration4 crew for our "How It Happened" podcast series.

  • Jared Isaacman, Sian Proctor, Hayley Arceneaux and Chris Sembroski will now live in their Dragon capsule in orbit for the next three days, before splashing down off the Florida coast.

Why it matters: SpaceX hopes to make space travel like air travel — with very little training necessary for folks flying to orbit and even beyond.

Axios AM
By Mike Allen ·Sep 16, 2021

Good Thursday morning. Wishing you an easy fast on Yom Kippur, the Day of Atonement — the most solemn day in the Jewish calendar.

  • Smart Brevity™ count: 1,185 words ... 4½ minutes. Edited by Zachary Basu.
 
 
1 big thing: Afghan refugees head for 46 states
Data: White House. Chart: Jared Whalen/Axios

California is projected to receive the largest number of Afghan refugees (5,255) who are coming to America, followed by Texas (4,481), according to State Department data obtained by Axios' Stef Kight.

  • Hawaii, South Dakota, West Virginia and Wyoming are the only states not slated to receive anyone from the first group of evacuees, plus Washington, D.C.

What's happening: The Biden administration notified governors and mayors yesterday of the number of Afghan evacuees their state is expected to receive in the coming weeks.

  • An initial group of 37,000 Afghans will soon be headed to states across the country, many after harrowing journeys from Afghanistan.

What's next: More evacuees are waiting in third countries.

  • The administration has requested funding from Congress to help resettle 65,000 Afghans in the U.S. by the end of this month and 95,000 by September 2022, AP reports.

Share this story.

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2. First all-amateur space crew blasts off
Photo: SpaceX via AP

This image from a SpaceX video shows the crew during blastoff.

🚀 Watch the launch: Countdown starts at 4:17:15.

🎧 Hear it here ... Axios' "How It Happened: The Next Astronauts" podcast docu-series goes inside the Inspiration4 crew's selection and training.

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3. Inside Facebook's files
Animated illustration of a laptop becoming more transparent to reveal binary code


Illustration: Annelise Capossela/Axios

 

Facebook employs hundreds of researchers, many with Ph.D.s. They have found some shocking patterns, including how Facebook makes users angrier and girls deeply insecure, according to an ongoing Wall Street Journal series, "The Facebook Files" (subscription).

  • The series is based on a trove of internal Facebook research reports and slide decks + online employee discussions. The Journal says at least some of the documents have been turned over to the SEC and Congress "by a person seeking federal whistleblower protection."

The hardest-hitting installment so far, "Facebook Knows Instagram Is Toxic for Teen Girls, Company Documents Show," reports:

  • "Repeatedly, the company’s researchers found that [Facebook-owned] Instagram is harmful for a sizable percentage of [young users], most notably teenage girls."
  • "Facebook's researchers identified the over-sexualization of girls as something that weighs on the mental health of the app's users."

In response, Karina Newton, Instagram's head of public policy, wrote in a blog post: "We're proud that our app can give voice to those who have been marginalized, that it can help friends and families stay connected from all corners of the world, that it can prompt societal change; but we also know it can be a place where people have negative experiences."

  • Adam Mosseri, head of Instagram, tweeted about the Journal account of research into young people's experiences on his platform: "We stand by this work and believe more companies should be doing the same."

The third and latest installment, "Facebook Tried to Make Its Platform a Healthier Place. It Got Angrier Instead," reports on the effects of a major overhaul of the News Feed algorithm in 2018:

  • Facebook researchers "concluded that the new algorithm's heavy weighting of reshared material ... made the angry voices louder. 'Misinformation, toxicity, and violent content are inordinately prevalent among reshares,' researchers noted in internal memos."

Go deeper: Journal synopses of Parts 1-3.

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A message from Amazon

Amazon to pay full college tuition for front-line employees
 

 

More than 750,000 Amazon operations employees in the U.S. are eligible for fully funded college tuition including high school diplomas, GEDs and more.

Why it’s important: Amazon investing in free skills training can have a huge impact for hundreds of thousands of families across the country.

 
 
4. Our weekly map: Cases fall but deaths rise
Data: N.Y. Times. Chart: Kavya Beheraj/Axios

The pace of new COVID infections in the U.S. is beginning to slow — a potential sign that the states hit hardest by the Delta wave are starting to turn things around, Axios' Sam Baker writes.

  • But deaths are still rising, and it's still too early to know whether schools might drive cases back up again.

An average of about 150,000 Americans are contracting COVID each day. That number has fallen by 8% over the past two weeks.

  • The virus is now killing 1,888 Americans per day, on average — a 33% jump over the past two weeks.

Share this map.

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5. Gymnasts win FBI apology
U.S. Olympic gymnasts Aly Raisman, Simone Biles and McKayla Maroney, and NCAA and world champion Maggie Nichols, finish testifying. Photo: Saul Loeb/AFP via Getty Images

Simone Biles, testifying before the Senate Judiciary Committee about the FBI's mishandling of reports of sexual abuse by Team USA gymnastics doctor Larry Nassar:

  • "I blame Larry Nassar, and I also blame an entire system that enabled and perpetuated his abuse. ... This is the largest case of sexual abuse in the history of American sport."

FBI Director Chris Wray, appearing at the same hearing, began with a statement he titled, "Dereliction of Duty":

  • "On behalf of the entire FBI, ... I want to offer my apologies, sympathy, and support to the survivors and their families."

Read more from the gymnasts' testimony, which was the lead of Axios PM.

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6. The future of 911


Illustration: Annelise Capossela/Axios

 

Next-generation 911 will allow the nation's 6,000 911 centers to accept texts, videos and photos, Axios' Margaret Harding McGill reports.

  • U.S. emergency communications have remained analog. But Congress is taking a new run at dragging 911 into the digital age.

Sen. Amy Klobuchar (D-Minn.), co-chair of the Senate Next Generation 9-1-1 Caucus, and Sen. Catherine Cortez Masto (D-Nev.) today will unveil a bill to create a $10 billion federal grant program for 911 upgrades.

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7. Businesses embrace vax mandate


President Biden meets with business leaders yesterday. Photo: Oliver Contreras/Getty Images

 

Molly Moon Neitzel, founder and CEO of Seattle-based Molly Moon’s Homemade Ice Cream, told Axios after meeting with President Biden yesterday that she likes his vaccine mandate for her 180 employees.

  • 96% of Neitzel's employees are vaccinated, Axios business editor Kate Marino writes. But the seasonality of ice cream means she will hire another 100 or so workers in the new year.
  • "I'm thankful that this mandate will be in place, so I can just make it a requirement of the job," Neitzel said.

After yesterday's White House meeting, several CEOs said they'd been looking for stronger federal guidance to lean on.

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8. Sneak peek: Biden promise to "deal everyone in"
President Biden talks infrastructure at the Flatirons campus of the National Renewable Energy Laboratory in Arvada, Colo., on Tuesday. Photo: Evan Vucci/AP

In East Room remarks this afternoon on leveling the economic playing field, President Biden will argue that his Build Back Better plan will "deal everyone in."

  • A White House official tells me that Biden will argue that the nation has reached an inflection point — whether or not to perpetuate an economy where the wealthiest taxpayers and biggest corporations play by a set of rules they've written for themselves.

✉️ First look: 15 winners of the Nobel Prize in economics winners, including Joseph Stiglitz, write in an open letter that Biden's agenda will reduce long-term inflationary pressure, provide inclusive economic growth and make the tax system more equitable:

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9. New overnight: Capitol fences back
Photo: Kevin Dietsch/Getty Images

Workers temporarily re-install security fencing around the Capitol ahead of a rally Saturday exalting the Jan. 6 rioters.

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10. 🔋 Mapped: America's Tesla hubs
Data: IHS Markit. Chart: Danielle Alberti/Axios

This graphic comes from Axios Denver — America's 15th-largest Tesla magnet, with 14,000 Musk-mobiles in the metro area.

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A message from Amazon

Amazon expands fully paid education benefits for employees
 

 

Amazon will fund full college tuition as well as high school diplomas, GEDs and English as a Second Language proficiency certifications for its front-line employees.

More info: More than 750,000 employees are eligible including those who have been at the company for as little as three months.

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Columnists
Bush Completes His Scummy Betrayal

Kurt Schlichter


Mark Milley Is A Traitor

Derek Hunter


Now Scarborough More Than Admits to There Being a Swamp

Brad Slager


Norm Macdonald: Blunt-Force Truth

Chris Stigall


The Real Insurrection

Dinesh D'Souza


Gray Lives Matter

Ann Coulter


Commemorating the 20th Anniversary of 9/11

Emmett Tyrrell


Spending Gluttony Is Washington's Deadly Sin

Veronique de Rugy


Political Hysteria Has Grave Consequences

Laura Hollis



Tipsheet
Biden's Vaccine Mandate May Force Texas Hospital to Close

Leah Barkoukis


Oh, So That's How 350,000 California Recall Votes Vanished from CNN's Vote Tally

Matt Vespa


Late Night Host Has His Own Standard of What Makes for a 'Representative' Court

Rebecca Downs


Are These Key Senators Any Closer to Voting for Spending Package?

Rebecca Downs


Trump Finally Has His Answer on 'Where's Durham?'

Rebecca Downs


Poll Dumps Cold Water All Over Biden's Key Promise About Afghanistan

Rebecca Downs


Los Angeles County to Require Proof of Vaccine for Outdoor Sports Events

Rebecca Downs


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Selfless Fortitude at Kabul Airport

Connor Martin


Biden Infrastructure Plan: Green Agenda Wins, Working Families Lose

Larry Behrens


Will the 'Butcher of Tehran' Attend COP26?

Struan Stevenson


Free Speech Is the Ultimate Truth

Armstrong Williams


Rewriting the History of 9/11?

Jerry Newcombe


The Era of Absurdity

Jackie Gingrich Cushman


Keep the IRS out of Our Personal Bank Accounts

Rick Manning



GOP Reps Demand Answers on Biden Administration Interference with FDA Recomendation of COVID-19 Booster Shots

Madeline Leesman


New York Governor Declares Mask Mandate for 2-Year-Olds

Spencer Brown


It's Not Hard to See Why the FBI Didn't Care About Larry Nassar Sexually Abusing Scores of Young Women

Matt Vespa


Political Cartoons
Bearing Arms
Is Someone's Size Enough To Justify Lethal Force? | Tom Knighton

NEA Funds Anti-Gun Exhibit At Chicago Museum | Cam Edwards

NY's Hochul Pledges $23.7 Million To End "Gun Violence" | Tom Knighton

It Shouldn't Take A Lawsuit To Exercise A Constitutional Right | Cam Edwards

LA Judge Reprimanded For Opinions On Gascón, Guns, BLM | Tom Knighton

 


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Democrats Draw Red Lines In Spending Fight

 

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FOX
Daily update September 16, 2021


NEWS

Joe Biden Is Praising Fox News' (Off-Air) Vaccine Efforts | Vanity Fair
H.R. chief Kevin Lord announced that 90% of Fox's full-time employees are fully vaccinated. Carlson's on-air comments juxtaposed with Lord's memo, ...
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'I lie': Oops. Fox News host Tucker Carlson says the quiet part loud - The Arizona Republic
Tucker Carlson, the massively popular host of “Tucker Carlson Tonight” on Fox News, lies on TV. In other news, Phoenix is hot in the summer.
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NFL Week 2: Win $1 million for free with FOX Super 6 | Fox News
All you have to do is download the FOX Super 6 app (or open it up if you already have it installed!), click through to the NFL Sunday Challenge, ...
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Fox News really doesn't want to tweet about the Gavin Newsom recall - SFGATE
Fox's decision to hide from the results is bizarre, especially when considering that other conservative outlets had no problem tweeting about the race ...
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Rubio to propose designating Taliban a terrorist organization, its government a state ... - Fox News
Taliban attempts to normalize regional relations in Afghanistan. Fox News correspondent Trey Yingst has the latest from Kabul on 'Special Report'.
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Trump acting Defense Secretary Miller says he 'did not' authorize Milley China calls ... - Fox News
In a statement to Fox News, Miller said that the United States Armed Forces, from its inception, has "operated under the inviolable principle of ...
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Migrant encounters over 200,000 again in August, as border surge continues | Fox News
Fox News first reported that there were 208,887 encounters in August. While it marks the first decrease in migrant encounters seen under the Biden ...
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Man behind Pennsylvania billboard of Joe Biden revealed: 'Making the Taliban Great Again ...
A former Pennsylvania state senator is telling Fox News Wednesday that he has put up around 15 billboards locally with a photo of President Biden ...
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WEB

Heartwarming video shows viral reaction of school custodian receiving life-changing gift - Facebook
Fox News was live. ... Fox News Flash top entertainment headlines for June 16. 'THE COMEDY WORLD IS POORER': Late-night hosts pay tribute to Norm ...
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Copper Fox Provides Corporate Update - Newsfile Corp.
Calgary, Alberta--(Newsfile Corp. - September 15, 2021) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) ("Copper Fox" or the "Company") is ...
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Planning your visit to Sadler's Wells Theatre
You can also grab a coffee or a bite to eat (with a side of star spotting) at our Fox Garden Court Cafe. Find more information on eating and ...
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