Axios PM: Europe faces "stronger and deadlier" wave — "Anonymous" reveals himself — Harley e-bike

1 big thing: Europe faces "stronger and deadlier" wave | Wednesday, October 28, 2020

Open in app View in browser   Presented By Morgan Stanley   Axios PM By Mike Allen ·Oct 28, 2020 Good afternoon: Today's PM — edited by Justin Green — is 476 words, a 2-minute read. Situational awareness: Stocks dropped more than 3% across the board today, with the volatility representing a break from the stock market grinding higher in the face of spiking coronavirus cases, a stalling economy and gridlocked negotiations over an additional stimulus package. Go deeper.     1 big thing: Europe faces "stronger and deadlier" wave Photo: Ludovic Marin/AFP/Getty Images   The coronavirus is still winning: Now even Germany is entering another national lockdown, joined by France. Why it matters: France has been "overpowered by a second wave," President Emmanuel Macron said in a nationally televised address today, reports Axios' Oriana Gonzalez. Macron said the "new wave will be stronger and deadlier" than the first. The big picture: Hospitalizations are spiking in Europe, just like in the U.S. German hospitalizations have doubled in the last 10 days, Chancellor Angela Merkel said today. Dutch hospitals "have reached their limits" and they're sending patients to Germany, Reuters reports. Russia says hospital beds are at 90% of capacity in 16 of its regions. Between the lines: Europe's second lockdown will look a lot different. Schools and child care will stay open. It won't be as hard to visit assisted living facilities or go to funerals. Germany's lockdown will end by Dec. 1. France's runs through at least Dec. 1, but also requires daily infections to fall below 5,000. There have been over 36,000 new cases in France in the last 24 hours. The countries are also propping up affected sectors. The German government will provide 75% compensation to small and midsize businesses hurt by the closures. The bottom line: "Within weeks, we will reach the limits of our health system," Merkel said today. "It is completely clear that we must act, and act now, to prevent a national health crisis."     2. Jack Dorsey faces Ted Cruz This is Jack Dorsey. Screenshot: Fox Business   Twitter CEO Jack Dorsey told Congress today that Twitter lacks the ability to influence elections because there are ample additional sources of information. Why it matters: The claim is sure to stir irritation on both the right and left, reports Axios' Ashley Gold. Conservatives argue Twitter and Facebook's moderation decisions help Democrats. Liberals contend the platforms shy from effectively cracking down on misinformation to appease Republicans. Driving the news: Dorsey is testifying remotely alongside Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai on the law that allows tech platforms to moderate content and not be held legally liable for it. Exchange du jour: Sen. Ted Cruz to Dorsey: "Who the hell elected you and put you in charge of what the media are allowed to report?" Dorsey to Cruz: When users sign up for Twitter, they agree to its terms of service.     A message from Morgan Stanley Morgan Stanley launches "Women Without Limits"     At Morgan Stanley, we understand the path to financial empowerment isn't just different for women — it's also different among women. Our new initiative for financial empowerment is rooted in our vast experience supporting women of different backgrounds, life stages and financial goals.     3. Catch up quick Hurricane Zeta is on track to make landfall as a "significant" Category 2 hurricane along the southeastern coast of Louisiana. Go deeper. Former DHS chief of staff Miles Taylor identified himself as the author of the anonymous New York Times op-ed that described a "resistance" within the Trump administration. Go deeper. 🎧 Axios Re:Cap digs into Biden's economic policies and philosophies with former presidential candidate and current Biden campaign surrogate Pete Buttigieg. Listen here.     4. 1 fun thing: Harley e-bikes Photo: Serial 1 "Harley-Davidson unveiled a stunning new electric bike that it says will go on sale in March 2021," reports The Verge. "The name Serial 1 is a reference to 'Serial Number One,' the nickname for Harley-Davidson's oldest known motorcycle built in 1903." "The bike's design, with its white tires, leather saddle and handgrips, and sleek black frame, are meant to harken back to that first prototype."     A message from Morgan Stanley Morgan Stanley launches "Women Without Limits"     At Morgan Stanley, we understand the path to financial empowerment isn't just different for women — it's also different among women. Our new initiative for financial empowerment is rooted in our vast experience supporting women of different backgrounds, life stages and financial goals.     Axios thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. 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