Good morning. Tomorrow, July 17, is World Emoji Day. Wanna know why? Pull up the Calendar emoji and look at the date:  . Yep, it's July 17. Apple picked that date for its Calendar emoji because that was the day in 2002 the company debuted iCal for Mac at the MacWorld Expo. Emojipedia, which introduced World Emoji Day in 2014, decided that July 17 made the most sense for a global celebration of emoji. In the years since, many platforms have decided to go with July 17 for the date that appears on their Calendar emoji, but there are some holdouts. Facebook's Calendar emoji still shows May 14—Mark Zuckerberg's birthday. —Matty Merritt, Jamie Wilde, Neal Freyman, Max Knoblauch, Joe Abrams | | | |  | Nasdaq | 11,452.42 | | | | | S&P | 3,863.16 | | | | | Dow | 31,288.26 | | |  | 10-Year | 2.919% | | | | | Bitcoin | $20,927.05 | | | | | Citigroup | $49.98 | | | | *Stock data as of market close, cryptocurrency data as of 7:00pm ET. Here's what these numbers mean. | - Markets: Stocks ended the week on a high note after banking giant Citi beat earnings projections, and the prospect of a gargantuan 100 basis point rate hike by the Fed dimmed. Also helping boost stocks: A new survey showed that Americans' long-term inflation expectations fell from the month before.
- Economy: Democrats' hopes of passing a bill that would tackle climate change and increase taxes for corporations and the wealthy by August was scuttled after Sen. Joe Manchin, a moderate Democrat whose vote is crucial for his party's agenda, said he wanted to wait and see how inflation would play out over the summer before endorsing those measures.
| | | | San Francisco Chronicle/Hearst Newspapers via Getty Images Today, the National Suicide Prevention Lifeline is getting a three-digit makeover that has been in the works for over two years. Individuals experiencing a mental health crisis can now call or text 988—a much shorter, more memorable option than the 11 digits used previously—to access mental health professionals. Still, some experts worry that the new number, which is intended to make the service more accessible, is undercut by a lack of resources available once that number is reached. The backstory: The OG suicide prevention hotline was launched in 2005 (with the 1-800 number). Despite Logic's best efforts, health experts warned at the time that the number might be difficult to remember, and the federal government passed a bipartisan bill in 2020 that designated 988 as the official mental health emergency line. - People can still call the longer number—988 is just a bonus way to contact the Lifeline.
- One major goal of 988 is to replace the use of 911 for mental health-related emergencies and reduce law enforcement's involvement in those situations.
The government has also given the Lifeline about $400 million in the last six months to beef up the number of call centers across the US (from 180 to 200+), increase its Spanish-speaking and digital messaging services, and improve backup call centers nationally where calls are sent if local centers are at capacity. That may not be enough Because staffing costs and other expenses facing call centers will fall primarily on individual states, call center operators are nervous that they won't be able to keep up with the expected influx. In the first half of this year, roughly 18% of the 1 million phone calls to the Lifeline were abandoned, according to an analysis by the NYT. Big picture: Covid's exacerbation of the US mental health crisis only heightened the urgency to establish 988. In 2020, suicide was the 12th leading cause of death for people in the US, and the second leading cause for 10- to 14-year-olds and 25- to 34-year-olds.—MM | | TOGETHER WITH CARDCRITICS | | That's because it offers 3X points on the kinda spending that actually adds up. We're talkin' purchase categories like restaurants, travel and transit, gas stations, and more—making this card perfect for your everyday expenses and warm-weather adventures alike. Oh, and there are no caps on the rewards you can earn, either  . Here's what else you'll get: - a generous welcome offer when you spend enough $$$ in your first 3 months
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Intrigued? Thought you might be. Get your hands on this game-changing rewards card and apply today. | | President Biden, Saudi Arabian Crown Prince Mohammed bin Salman, and a photobomber. Royal Court of Saudi Arabia / Handout/Anadolu Agency via Getty Images  Biden daps up MBS. President Biden met face-to-face with Saudi Crown Prince Mohammed bin Salman, the leader whom US intelligence has deemed responsible for the murder of journalist Jamal Khashoggi. Despite getting heat from critics for visiting Saudi Arabia, Biden defended his meeting with MBS by saying it's in the best interests of US foreign policy to reset fraught relations with the Saudis, who are fierce foes of Iran. Biden also said he raised the topic of the Khashoggi murder "at the top of the meeting" with MBS and blamed him for the journalist's death.
 People are still shopping: US retail sales climbed by a more-than-expected 1% in June, showing that American consumers aren't letting 40-year-high inflation keep them from accumulating more things. One piece of context to note is that the retail sales figure is not adjusted for inflation, so the rise reflects higher prices for goods, and not necessarily more frequent shopping. Either way, the resilience of consumers could be a sign that any potential recession is still a ways off.
 Europe is sweltering. As a heatwave roasts Europe, wildfires raged in several countries and Italy is suffering its worst drought in 70 years. Acknowledging that the heat could present a risk to life, the UK issued its first ever red "extreme heat" warning for parts of England next week, where temperatures could soar to 104 degrees Fahrenheit. English people are…not used to that.
| | Francis Scialabba After suspending all customer withdrawals last month, crypto lender Celsius Network filed for bankruptcy on Wednesday. Now, its 1.7 million customers are left wondering when and if they'll get their money back. It's not looking good. The company owes $4.7 billion to its customers (and has $5.5 billion in total liabilities), but its current assets are only worth $4.3 billion—down from $25 billion in October. Most of those assets are tied up in bitcoin-mining rigs and other crypto projects; Celsius said it has just $167 million of cash on hand. Bankruptcy court proceedings could take years, and Celsius has reminded customers that they could be considered "unsecured creditors"—a classification that would put them low on the priority list to get repaid. They would "have no earmarked rights to any funds or anything," James Van Horn, a partner at Barnes & Thornburg in Washington, told Reuters. Zoom out: The implosion of crypto companies who owe customers billions is a new phenomenon, and the decisions courts make regarding repayment will set a precedent. That precedent could be applied pretty widely, because crypto firms are falling like college students when "Tubthumping" comes on: Celsius was the third major crypto company to file for bankruptcy in the past two weeks.—JW | | We have reached the end of Theme Park Week. Thanks for joining us on the adventure! For the grand finale, here are two charts that show the wait times for two rides—"It's a Small World" and "Dumbo the Flying Elephant"—at parks across the world, courtesy of Thrill Data. TL;DR: If you don't have a lot of patience, it might be worth hopping over to parks in East Asia. It's a Small World  Grant ThomasDumbo the Flying Elephant  Grant Thomas | | Gladys Vega/Getty Images Stat: Bad Bunny is ransacking Harry's House. The Puerto Rican musician is the undisputed pop star of Summer 2022—his songs have reached the Spotify Top 100 more times in the last two months than tracks from Harry Styles, Olivia Rodrigo, Drake, and Kendrick Lamar combined, according to Bloomberg. He's also the most streamed act on Spotify and YouTube in that time span. Quote: "Don't you get it? I'm Indiana Jones. When I'm gone, he's gone. It's easy." Back in 2019, Harrison Ford told Today that no one would replace him as the archaeology professor—not even Chris Pratt, who downplayed rumors that he'd be the next Indiana Jones during a podcast this week, citing Ford's opposition. Probably a smart choice: It wouldn't make sense to tame dinosaurs and then be afraid of snakes. Read: The author of Where the Crawdads Sing, now a feature film, is wanted in Zambia for questioning in a murder. (The Atlantic) | | - The House passed two bills that protect the right to an abortion in its first legislative action on abortion since the Supreme Court overturned Roe v. Wade. The bills are not expected to pass the split Senate.
- ESPN is raising the price for streaming service ESPN+ by 43%, to $9.99 a month. The rights to live sports are getting pricey.
- Jim Thorpe, legendary athlete, has been reinstated as the sole winner of the pentathlon and decathlon at the 1912 Stockholm Olympics. Thorpe had been stripped of the two gold medals because he had accepted money to play minor league baseball, a violation of Olympic rules at the time.
- Lego is releasing a set based on The Office.
| | | Want to better understand how your business is run? Talk numbers and budgets with the CFO? Learn from leaders in other industries and take part in group executive coaching? We offer three different courses, so whatever your ambitions are, we have it covered. Early Bird pricing ends TOMORROW. Apply now with code EARLYBIRD200 before tuition increases. | | Weekend conversation starters: Cuz it's too hot to go outside: Here are the best video games of 2022…so far. How to navigate relationships: Oversharing is a podcast from Betches Media about the challenges we face in relationships. Each week Jordana Abraham and her sister, Dr. Naomi Bernstein, respond to listener emails, tackle difficult ethical questions, play games, and so much more. Listen now. | | Brew Crossword: We hope you've been paying attention to the stories for Theme Park Week, because today's crossword is about to take you for a ride. Play it here. Open house Welcome to Open House, the only newsletter section that wants to make this golf course a home. We'll give you a few facts about a listing and you try to guess the price.  SavillsToday's listing is all about the location. This Scottish apartment has a grand view of the Old Course at St. Andrews, which is currently hosting the British Open and is arguably the oldest 18 holes in history, dating back to the 15th century. Encompassing 1,765 square feet, the apartment is situated in the former Old Course Hotel and seems to be a BYOF (bring your own flooring) situation. Amenities include: - 2 beds, 2 baths
- Private residents-only lounge
- Roof terrace to wave at the cute golfers
How much to make a Scottish Caddyshack? | | Financial issues are one of the top reasons couples break up. But what if you could get those uncomfortable conversations out of the way on the first date? Watch our new series to find out. For more from The Brew: 🎙 On the latest episode of Imposters: How Afghan war vet Jason Kander denied his PTSD for years...until he ran for political office. Listen or watch now.
 POV: You GOT that bread. Buy the hat that makes it *clear* who the breadwinner of the household is. | | | Written by Neal Freyman, Max Knoblauch, Jamie Wilde, Matty Merritt, and Joseph Abrams Was this email forwarded to you? Sign up here. WANT MORE BREW? Industry news, with a sense of humor → - HR Brew: analysis of the employee-employer relationship
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