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TOGETHER WITH
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Good morning.
Do you know what it feels like to have your whole squad roll up to
Chipotle in Morning Brew joggers and you’re wearing plain ol’ unbranded
sweatpants? Don’t find out.
You can snag your Brew joggers
by referring five people to the newsletter, but this is the final time
we’ll mention it—the giveaway ends tomorrow and won’t come back for an
entire year.
Get your joggers before it’s too late. Then, have a gr8 weekend.
—Jamie Wilde, Neal Freyman, Matty Merritt
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Nasdaq
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14,566.70
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S&P
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4,357.04
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Dow
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34,326.46
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10-Year
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1.463%
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Bitcoin
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$48,209.04
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Merck
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$81.40
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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: Great start to Q4, everyone. The Nasdaq snapped
its 5-day losing streak and even bitcoin popped off. Exciting data from
Merck’s Covid antiviral pills sent the drugmaker and other “reopening”
stocks higher.
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Economy: A measure of inflation watched by the Fed increased the most
in 30 years in August. US officials have stressed that higher inflation
is a short-term result of pandemic supply chain imbalances, but higher
prices have lasted longer than initially predicted.
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Francis Scialabba
60,000 of
Hollywood’s behind-the-scenes workers, including camera operators,
script coordinators, and makeup artists, could soon go on strike, halting much of the movie and TV production that had resumed after a long pandemic shutdown.
The
International Association of Theatrical Stage Employees (IATSE) called
for the vote Sept. 20, after conversations with the Alliance of Motion
Picture and Television Producers (AMPTP)— which represents big studios
and streamers alike—broke down.
Voting took place yesterday, and Variety reported that workers are overwhelmingly expected to vote in favor of striking.
What do they want?
Higher wages
from streaming companies, for one thing. A 2009 agreement allowed
streaming services with fewer than 20 million subscribers to pay workers
lower-than-standard wages. It was intended to help streaming become
more popular at the end of the Blockbuster era, but it's persisted to
this day, when new services are ramping up the pace of content
production.
They’re also demanding
shorter work days. Grueling 14+ hour days are the norm for behind the
scenes crew in the entertainment industry, with as little as eight hours
before the next shift. New terms would require at least 10-hour
“turnarounds” to let workers commute and sleep on weekdays, and 54 hours
on weekends.
Everyone’s feeling the need to weigh in. Ben Stiller, Seth Rogen, and other actors expressed their support
for the workers they couldn’t be successful without. 119 members of
Congress signed a letter yesterday pleading with the warring parties to
“reach a consensus agreement” because “a strike would dramatically
disrupt the industry, the economy, and the communities” the legislators
represent.
Big picture: Workers
vs. entertainment companies has become a hotter debate in Hollywood
than the acceptable circumference of sun hats. On Thursday, Scarlett
Johannson resolved her high-profile dispute with Disney over her
earnings from Black Widow.
But if
ScarJo was the frying pan, this is the fire. This strike would be the
first among behind-the-scenes workers since 1945 and far bigger than the
2007–2008 strike of 12,000 screenwriters.—JW
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Merck
Merck’s antiviral pill for Covid, molnupiravir, cuts the risk of
hospitalization or death in half, according to results from a
late-stage trial. That’s a super result—so good that an independent
committee of scientists said, “We’ve seen enough,” and stopped the trial
to allow the company to apply for authorization from the FDA.
If
authorized, this antiviral drug, developed in partnership with Ridgeback
Biotherapeutics, would be the first oral antiviral medication available
for Covid-19. Scientists say these pills are crucial in the fight to
keep coronavirus patients from overwhelming hospitals.
Other treatments for Covid-19 do exist. Known as monoclonal antibody treatments, they are effective at reducing severe health risks, but cost $$$
and are more complex since they are typically given intravenously.
Pills you pop in your mouth offer a cheaper, more convenient way to keep
people out of the hospital from Covid. For example, Merck’s drug is
intended to be taken twice daily for five days for people recently
diagnosed with Covid.
Zoom out: Other
drugmakers, like Pfizer and Roche, are also testing antiviral pills.
We’ll likely have results from their trials before the end of the year.—NF
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Oct. 1 didn’t just mark the first day you were allowed to play Hocus Pocus on repeat. It was the start of Postmaster General Louis DeJoy’s new 10-year plan to get the USPS out of the red, which is expected to make the mail more expensive and take longer to deliver.
Here’s the plan:
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More road trips. The
Postal Service is cutting the share of mail it delivers via airplane
from 20% to 12%, meaning the 3-day delivery guarantee for your letters
will be updated to a 2–5 day range. You can see how your neighborhood
will be affected here.
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Price surges.
Costs for services like Priority Mail could run up to $5 more during
the holiday season (Oct. 3–Dec. 26). And even after the holidays, prices
for most mail services will stay elevated.
Bottom line: The
Postal Service already has $188 billion in liabilities and is expected
to lose an additional $160 billion in the next 10 years if DeJoy’s
cost-cutting measures can’t turn things around.—MM
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SPONSORED BY THE MOTLEY FOOL
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Something’s
amiss...we keep finding dollar bills scattered around, like the ones
above, which somehow scattered in exactly the shape of a dollar sign.
There’s only one explanation for all that money flying around: People are getting wind of The Motley Fool’s “All In” Stock Buy Alert. On average, stocks selected for the “All In” signal have returned about 629%, blowing the S&P 500 into next weekend (or beating it by almost 5x, however you want to put it).
You can go All In, too. The Fool just issued another All In alert—which they’ve only done 93 times in their history.
But
extraordinary stocks call for drastic measures. This one’s a tiny
internet company right in the middle of the advertising market, which is
10x bigger than the online streaming industry.
Learn more about The Motley Fool’s All In stock pick here.
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Sigrid Harms/picture alliance via Getty Images
Stat: Battery electric vehicles accounted for 77.5% of new car sales
in Norway in September, up from 61.5% last year. Tesla’s Model Y was
the No. 1 selling vehicle, followed by Tesla’s Model 3. Maybe Elon Musk
should name his next child Oslo?
Quote: “We want to end this pandemic. We are all exhausted by it.”
California Gov. Gavin Newsom said yesterday that all elementary through high school students will need to be vaccinated against Covid-19 once vaccines are fully approved for kids. It’s a first-of-its-kind policy in the US.
Read: Maybe Russian microwave beams aren’t causing Havana syndrome? (BuzzFeed News).
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PEDRO RANCES MATTEY / Contributor via Getty Images
Venezuela’s government introduced a brand-new form of currency yesterday that it’s calling the “digital bolívar” with six fewer zeroes than previous notes.
Slight problem.
This new currency is not actually “digital,” no one has been able to
get their hands on it, and even if they could, it wouldn't really solve
anything. This is the third time Venezuela’s leaders have lopped off
some zeroes on its currency in an attempt to address the country’s
hyperinflation.
- Venezuela’s rate of inflation will reach 5,500% by the end of the year, according to the International Monetary Fund.
Ultimately,
the only thing the move will really accomplish is simplifying everyone’s
math. Current payment systems and businesses couldn’t handle the number
of zeroes on previous notes.—MM
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Ozy Media
is shutting down less than a week after a NYT report detailed a history
of sketchy (if not downright illegal) business practices. That was
fast.
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PwC
is allowing 40,000 of its US employees to work remotely indefinitely,
the first of the “Big Four” accounting firms to pivot to remote work so
drastically.
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Google is scrapping its plan to offer bank accounts directly to its users.
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Today in higher prices: Coal prices reached their highest level on record amid the global energy crunch. And lumber prices (remember them?) are back up 40% from late August.
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The National Women's Soccer League
canceled all of its matches this weekend following allegations that a
coach, the now-fired Paul Riley, sexually coerced players.
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You know what to do: Slam the link and get a PR on our weekly crossword pu | |
You won’t believe who Joe Biden just put in jail over the failure in Afghanistan
Joe Biden saw the one set of disastrous poll numbers that has all hell breaking loose
Terrifying New Law Coming To America?
A Never-Trump critic made a jaw-dropping claim about the 2020 election
Jen Psaki lost it when Fox News asked why Joe Biden never did this one simple thing
Majority Of Trump Voters Want To Secede From The United States
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FEATURED BIOGRAPHY
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Mohandas Karamchand Gandhi
Indian leader
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FEATURED EVENT
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1836
Charles Darwin's return to England
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| Advertisement |
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1951
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Sting
British musician
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SEE ALL BIOS ON THIS DAY
Panama Official: 60,000 More Migrants, Mostly Haitians, Are Headed to US
Special: New 8-Pound Solar Generator Is Here
Rep. Perry: Infrastructure Impasse Shows Biden, Pelosi Not in Charge |
Sotomayor Lets New York School Vaccine Mandate Remain
Formerly known as the Sears Tower, Chicago’s
tallest skyscraper was built in 1970 by Sears, Roebuck & Co., then
the largest retailer in the world. At its completion in 1974, it
surpassed the World Trade Center in New York City to become the tallest
building in the world, a title that it held for nearly 25 years. The
black-banded building dominates the Windy City’s skyline and, at 108
stories, it is currently the third-tallest building in the United States
– and the 23rd-tallest in the world. More than one million people visit
its observation deck each year, making it one of Chicago's most popular
tourist destinations. The structure was renamed in 2009 by the Willis
Group as a term of its lease on a portion of the tower's space.
September 30, 2021
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| California makes vote by mail permanent |
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Every registered California voter will get a ballot mailed to them in
future elections under a bill signed Monday by Democratic Gov. Gavin
Newsom.The law makes permanent a change adopted during the... Read More › |
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| How I Fixed My Acid Reflux |
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Thousands of Men and Women Worldwide Have Been Successful With
Eliminating Their Heartburn Pain Within 2 Days, and Curing The Root
Cause Of Acid Reflux Permanently... Read More › |
SATURDAY 10.2.2021
BREAKING NEWS
Liberal Soros Connected Group Sends Letter to FCC Calling to “Shoot Republicans”
Milley Details Nancy Pelosi’s Attempt To Take Over the Chain-of-Command (VIDEO)
Twitter Users Notice Strange Detail Behind Biden in Photo of Him Getting Booster Shot
Taliban Issues Insane and Restrictive Order in Southern Afghanistan Province
God’s
glory is bountiful and can be found almost anywhere you look! In the
Holy Land, every rock stands testimony to God’s gifts on earth.
There
is so much more beyond Jerusalem’s Old City Walls. Our prayer team is
blessed that we get to experience the wonders of the Holy Land, big and
small, every day. And we want to share that with you!
This
month our prayer team is going on a special delegation to Haifa, a city
shaped by Christianity over thousands of years. I am excited to tell
you we are going to pray in an extraordinary church.
The Stella Maris Monastery was built around a cave that gave shelter to Jesus. It is named after a great prophet Elijah.
We will be praying in Elijah’s Cave for God to give all Christians shelter. Send a prayer request and join us at this Holy place!
Sending awe from the Holy Land,
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