Good morning. A new Ipsos poll asked Americans about realistic portrayals of politics on TV shows. 41% said House of Cards was very or somewhat realistic, and 27% said the same about Veep. But the most realistic political TV show was The West Wing (51%), which makes sense because we all listen to things on 1.5x speed now. —Neal Freyman, Max Knoblauch, Matty Merritt | | | |  | Nasdaq | 13,838.46 | | | | | S&P | 4,461.18 | | | | | Dow | 34,552.99 | | |  | 10-Year | 2.294% | | | | | Bitcoin | $41,213.96 | | | | | Oil | $112.34 | | | | *Stock data as of market close, cryptocurrency data as of 5:00pm ET. Here's what these numbers mean. | - Markets: Stocks tumbled after Fed Chair Jerome Powell reminded everyone that "inflation is much too high" in a speech yesterday. To bring down inflation, Powell said that going forward he'd consider hiking interest rates by more than the quarter percentage increase announced during last week's Fed meeting. The recent drop in oil prices, meanwhile, seems short-lived.
- Ukraine: President Biden warned that Russia was "exploring options" for potentially launching a cyberattack, and told businesses to go full Helm's Deep on their cybersecurity defenses to limit the damage. Officials said that they've detected some "preparatory activity" for an attack.
| | Francis Scialabba Under a new SEC proposal it won't be enough for companies to show their support for the climate with a tweet on Earth Day—for the first time, they'll have to divulge their greenhouse gas emissions. Yesterday Wall Street's top regulator gave its initial approval to a new rule that would require public companies to disclose a) their emissions and b) the risks that climate change poses for their business. The goal, SEC Chairman Gary Gensler said, is to create a standardized process for companies to report their role in climate change. That would provide: - More clarity to businesses on what they need to disclose.
- More transparency for the (growing number of) investors who factor a company's sustainability record into their investment decisions.
Because of that shareholder pressure, many companies already share their emissions numbers with the public. But without clear requirements, their reports match up about as well as this season's Love Is Blind couples. Ford, for example, displays emissions from its entire fleet of vehicles and those generated from production and the use of its cars. Tesla reports emissions for just its Model 3 production, per The Washington Post. But can the SEC do this? Republican leaders and business groups say that the SEC doesn't have the authority to play climate cop, and they plan to challenge the rule in court. Emissions disclosures, opponents argue, are not "material" to investors' decisions on whether to buy or sell stocks, and the actual intent of the rule "is to fight climate change," a cohort of Republican representatives said in a letter to Gensler. To that criticism, Gensler responds that investors with $130 trillion in assets under management have already asked companies to reveal their climate risks—so that is pretty material. Looking ahead…the SEC will allow the public to comment on the proposal for 60 days, after which it'll take the feedback and vote on a final ruling within months. But legal setbacks could delay its implementation a whole lot longer than that.—NF | | Yuan Bo/VCG via Getty Images  Chinese air disaster: A China Eastern Airlines Boeing 737-800 with 132 people on board crashed in a mountainous area of China yesterday, causing a fire that could be seen from space. It's China's worst airline accident in 12 years, and investigators are working to identify the mysterious circumstances that caused the plane to plummet more than 20,000 feet in just over a minute.
 The SCOTUS hearing began: On Day 1 of Ketanji Brown Jackson's confirmation hearing for the Supreme Court, senators spent nearly four hours making their opening statements (Democrats congratulatory, Republicans skeptical). When Jackson was able to speak, she defended her judicial career by saying she decides cases "from a neutral posture" and "without fear or favor." Today and tomorrow, she'll take direct questions from lawmakers.
 Apple Music users are awful quiet. 15 of Apple's services including Podcasts, Maps, the App Store, and iCloud briefly suffered outages yesterday due to a domain name system (DNS) issue, the company said. The widespread outage—which is rare for Apple—also prevented some employees from working from home and let retail workers finally take their 15s uninterrupted. Have no fear: Screen Time never failed.
| | Tim Clayton/Corbis via Getty Images Wage growth for American women has outpaced men's for six straight months, according to the Atlanta Federal Reserve's wage tracker. - In February, wages for women were up about 4.4%—compared to 4.1% for men—from a year earlier.
- Back in December, women's wage gains outpaced men's by 0.5%, the widest margin since 1997.
It pays to make a change: 31% of women who changed jobs during the pandemic reported a salary increase of more than 30%. 28% of men reported a similar increase. Don't declare a victory over the gender pay gap, though: These numbers have much to do with the fact that women make up about two-thirds of the workforce in low-paid jobs most impacted by the pandemic. Now that they've reopened, employers offering those jobs are trying to entice employees with more generous pay rates. Zoom out: Full-time female workers still earn about 83 cents for every dollar men make—a number that has remained relatively unchanged for 28 years. And women have accounted for about 70% of pandemic-related job losses, with over 1 million still out of the workforce compared to pre-pandemic numbers.—MK | | TOGETHER WITH COMMONSTOCK | | Equities, crypto, NFTs, meme stocks—phew. Markets are changing at warp speed, and it's more important than ever to find trusted, transparent market insights. Commonstock is a social network of experienced traders, amplifying insights and trades from the best performers so you can identify signal over noise. Access exclusive financial data, make trades, and chat up fellow investors. Commonstock also showcases trends and what top investors are buying and selling in real time, with accompanying analyses. It's the only social investing platform that lets you connect your existing brokerage accounts without having to move your moolah. No subscription necessary—and nope, you won't hit any dreaded paywalls. Sign up for a Commonstock account for free, right here. | | Michael Hickey/Getty Images Today in Brands Are Fighting: The rapper Pusha T and Arby's released a diss track that takes aim at the McDonald's Filet-O-Fish sandwich. While the collab feels like some kind of Gen Z fever dream, Pusha T says the beef is real: He's been waiting to take on the clown ever since he was lowballed for writing the company's "I'm Lovin' It" jingle. The disputed backstory: Marketing agency CEO and former music industry exec Steve Stoute, who helped with the OG campaign, revealed in a 2016 interview that Pusha and his brother were the original writers behind the fast food chain's longest-running slogan, released in 2003. - That jingle leveraged some serious musical talent. It was co-produced by Pharrell, and McDonald's paid Justin Timberlake $6 million to record his full-length song, "I'm Lovin' It," as a way to boost the slogan's pop culture relevance and credibility.
But others involved in the campaign deny Pusha T's involvement, instead crediting a small German ad agency with first pitching the phrase "I'm Lovin' It." This isn't the first Pusha x Arby's collab. He's featured on and owns 40% of the EDM song "Burial," which Arby's licensed for its "We Have the Meats" campaign in 2018. Despite his verses not being used, he says he gets paid every time you see the roast beef.—MM | | Ludovic Marin/AFP via Getty Images Stat: One enterprising New Yorker, Paul Slapikas, said he made $64,000 last year simply by recording videos of idling trucks and reporting them to the city, per the NYT. Under 2018's Citizens Air Complaint Program, New York City pays bounty hunters 25% of a fine against trucks that illegally park and idle their engines for more than three minutes. What tax form do you get for that? Quote: "Barn eggs" Free-range eggs are out. Barn eggs are in. The UK is experiencing its largest-ever outbreak of avian influenza, and the government is requiring all bird owners, from farmers to falconers, to keep their animals indoors and follow safety protocols to stop the spread. As a result, free-range eggs are no longer available in the country. They've been relabeled as "barn eggs" after the chickens that laid them were kept inside for more than 16 weeks. Read: The wild world of e-cycling. (Morning Brew) | | - The two international journalists who had remained in Mariupol shared how they escaped the devastated Ukrainian city.
- Warren Buffett's Berkshire Hathway is acquiring insurer Alleghany for $11.6 billion in his biggest deal in years.
- Russia opened its bond market for the first time since it invaded Ukraine. The stock market remains closed indefinitely.
- Christie's will sell a 1964 Andy Warhol silkscreen of Marilyn Monroe for an estimated $200 million, which would be the most expensive price for a 20th century artwork sold at auction.
| | Gabrielle Freiheit Going back to the office after a few years of WFH can be rough. Here are some pod episodes from the Brew to make your commute a little less stressful and a lot more informative. | | Viral vids: Someone pulled a wild stunt with a Tesla in Los Angeles, and now the police are offering a reward to find the driver. Also, watch how one TikTok sleuth miraculously identifies obscure sporting events in movies and TV shows. We are bad at estimating: Check out this YouGov poll that shows how people consistently overestimate the size of minority groups in the US. Real estate investing 101: Here's a really helpful resource to help you get started on your real estate investing journey, with free access to education, analysis tools, and a supportive community of more than 2 million members. Easy-to-prep, good-for-you food. That's the yummy deal you get with Daily Harvest. Choose from a variety of chef-crafted Smoothies, Harvest Bowls, Soups, and more. These delicious options are delivered right to your door and ready to enjoy in minutes. Get up to $40 off.* They do things a little differently:* Did you know Apple Card gives you up to 3% unlimited Daily Cash back? Yep, that's real $$ you'll get every day, on every purchase. No annual fee—and no other fees, either. Terms apply. Learn more and apply now. *This is sponsored advertising content. | | Brew Mini: No black squares in today's Mini, but there is a clue about a prince. Play it here. Be like Amy Schneider Back by popular demand: Another JEOPARDY!® game. We teamed up with The Training Arcade® for round two (there might even be a Danny DeVito category). Click here to play.  | | | Written by Neal Freyman, Max Knoblauch, and Matty Merritt Was this email forwarded to you? Sign up here. WANT MORE BREW? Industry news, with a sense of humor → - Emerging Tech Brew: AI, crypto, space, autonomous vehicles, and more
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