| |
| |
| |
| Presented By Walmart |
| |
| Axios AM |
| By Mike Allen · Dec 21, 2022 |
| Happy Wednesday! Smart Brevity™ count: 1,128 words ... 4½ minutes. Edited by Noah Bressner. ☃️ Today is the winter solstice (4:48 p.m. ET), the first day of winter. - Fun fact: It's both the shortest day of 2022 — and the longest night of the year. Go deeper with Axios' Kelly Tyko.
|
| |
| |
| 1 big thing: Hammered in '22 |
 Data: FactSet. Chart: Madison Dong/Axios Visuals In an unusual one-two punch, the Fed's rate-hiking campaign hammered stocks and bonds alike this year. - Why it matters: Even diversified portfolios are having one of the worst years on record, Matt Phillips writes for Axios Markets.
Stocks: The S&P 500 is down roughly 20% this year. - The term "growth stocks" became grimly ironic: Tech-centric "growth" shares got killed this year.
Bonds: Typically when stocks are down, investors turn to bonds. Not this year. With rates on newly issued bonds moving higher, investors dumped older bonds. 🎢 Between the lines: Daily S&P 500 swings of 2%+ were a prominent feature of the markets this year, after relatively smooth sailing in 2021. - The stock-market volatility reflects the growing uncertainty that investors experienced, as meaningful inflation returned following a 40-year hiatus.
 Data: Yahoo Finance. Chart: Axios Visuals Big Tech is back where it started before COVID, Emily Peck writes in Axios Markets. - In the low-rate world, and especially during the pandemic years, big tech stocks looked invincible. Not anymore.
|
    |
| |
| |
| 2. 🇺🇦 Zelensky in D.C. today |
| Volodymyr Zelensky delivers his nightly address to the people of Ukraine on Dec. 16 from Mariinsky Palace in Kyiv. Photo: Ukrainian Presidency via Reuters Ukrainian President Volodymyr Zelensky's trip to Washington today will last just a few short hours — but cover a lot of ground, Axios' Alayna Treene and Dave Lawler write. - The visit, barring a late cancellation over security concerns, comes exactly 300 days into the war.
- News of the trip didn't start to break until yesterday evening, a sign of the caution surrounding Zelensky's first known foreign trip since Russia invaded in February.
Zelensky's schedule includes a visit to the White House (starting at 2 p.m. ET) for a meeting and press conference with President Biden, and an address to a joint session of Congress (7:30 p.m.): - Biden will announce another $2 billion in U.S. military aid including, for the first time, the Patriot missile defense system.
- Congress is poised to pass $45 billion in additional military and economic aid to Ukraine this week as part of its $1.7 trillion omnibus funding bill.
The White House said it expects a big show of bipartisan support for Zelensky during the visit — and hopes the trip will generate "momentum" for more assistance from the U.S. and its allies. 🥊 Reality check: Some members of the incoming House Republican majority have expressed deep reservations about continuing to send aid to Ukraine. |
| |
| |
| |
| 3. 🤒 SEPTO-demic |
 Data: CDC. (Data subject to reporting delays, and likely undercounted. RSV cases are a five-week moving average.) Chart: Kavya Beheraj/Axios Much has been made of the tripledemic of flu, RSV and COVID. - But there's actually a "septo-demic," Peter Hotez, dean of the National School of Tropical Medicine at Baylor College of Medicine, said in an interview posted yesterday with the American Medical Association.
That adds para influenza, rhinovirus, metapneumovirus and pneumococcus, Tina Reed writes in Axios Vitals. - "They're working in different combinations and causing a lot of kids to be admitted to the hospital, as well as seniors," Hotez said. "This is accounting for a big surge in hospitalizations."
Hotez's advice for parents heading into the holidays: - Make sure everyone is up to date on vaccines — including the new bivalent COVID boosters for kids, as well as shots for flu and pneumococcus.
"Take as many of those pathogens off the table as you can," he said. |
| |
| |
| |
| A message from Walmart |
| Walmart named one of LinkedIn's Top 20 Companies to Grow a Career |
| |
 |
| |
| Patrick Joseph began his Walmart career as a pharmacy intern. Today, he oversees 11 pharmacies and eight vision centers — and his story is just one of many. See how Walmart's focus on mentorship and advancement helps create more stories like Patrick's. |
| |
| |
| 4. 📷 1,000 words |
| Photo: John Moore/Getty Images Texas Gov. Greg Abbott (R) deployed 400 members of the National Guard to lay down concertina wire and occupy the banks of the Rio Grande — seen from Ciudad Juarez, Mexico, in the photo above. - Abbott wrote President Biden yesterday to say he'll use "state assets to protect Texas from the torrent of migrants and cartel activity streaming into our state."
Go deeper. |
| |
| |
| |
| 5. 👀 Trump taxes out soon |
| Escorted by a Capitol Police officer, aides move boxes of documents yesterday from a hearing room to the office of the House Ways and Means Committee. Photo: Drew Angerer/Getty Images The IRS didn't audit former President Trump's taxes during the first two years of his presidency, Axios' Rebecca Falconer writes from a report published by a Democrat-led House committee. - What's happening: The House Ways and Means Committee voted on party lines yesterday to publicly release Trump's tax returns in the coming days.
The IRS is required to conduct mandatory audits of the sitting presidents' tax returns. - Just one audit began during Trump's presidency, the committee's report says. The IRS hadn't completed it when his term ended.
Share this story ... Read the full report. |
| |
| |
| |
| 6. 🐦 Musk's Twitterverse |
| |
| |
| |
| |
| 7. 🏈 YouTube closes in on Sunday Ticket |
| Lambeau Leap by Green Bay Packers wide receiver Romeo Doubs in October. Photo: Dan Powers/USA TODAY Sports Google's YouTube TV has emerged as the favorite to land the NFL's hotly sought-after "Sunday Ticket" package of out-of-market games. - A deal could be announced as soon as today.
Why it matters: The potential move "is further evidence of major sports migrating from traditional TV ... to streaming, and tech companies that are willing to spend heavily on content," writes The Wall Street Journal. It would be the second time in less than two years the NFL partnered with a streaming service, AP reports. - The league's 11-year contract with Amazon Prime Video for "Thursday Night Football" started this season.
"Sunday Ticket" has been on DirecTV since 1994. The satellite provider paid $1.5 billion per year on a contract that expires after this season. - Viewers pay around $300 a season for "Sunday Ticket," which averages 2 million subscribers.
Other contenders for "Sunday Ticket" were Amazon, Apple and ESPN. - Google said in June that five-year-old YouTube TV had passed 5 million accounts — and is the biggest internet-based pay TV service in the U.S.
|
| |
| |
| |
| 8. ⚽ World Cup outdraws World Series |
| Argentina's players celebrate yesterday in Buenos Aires, aboard a bus labeled "World Champions." Photo: Tomas Cuesta/AFP via Getty Images Argentina's epic victory over France in penalty kicks in Sunday's World Cup final was history's second most-watched soccer match in the U.S. - Early numbers from Nielsen, Fox and Telemundo show the match had an English- and Spanish-language audience of 26 million, AP reports.
- That trails 27 million viewers for the 2015 Women's World Cup final — when the U.S. beat Japan 5-2 during prime time.
- 17 million was Fox; 9 million was Telemundo.
Why it matters: Sunday's strong viewership comes as the U.S., Canada and Mexico prepare to host the '26 World Cup. Fans gather at the obelisk in Buenos Aires for yesterday's victory parade. Photo: Marcelo Endelli/Getty Images The title match was Fox's most-watched match of the tournament — surpassing the 15.5 million who watched the U.S. draw 0-0 with England during group-stage play on Nov. 25. 🧮 By the numbers: This year's Super Bowl had 112 million viewers. - But the World Cup final's 26 million doubled Game 5 of the World Series between the Phillies and Astros — 13 million on Fox, the most-viewed game of the six-game series.
The series-clinching games of the NBA Finals and NHL Stanley Cup finals averaged 14 million and 6 million, respectively, on ABC. |
| |
| |
| |
| A message from Walmart |
| Walmart is investing $1 billion in career training and development |
| |
 |
| |
| At Walmart, a first promotion is often just the first of many — 75% of management started as hourly associates. That's just one reason why Walmart was named one of LinkedIn's Top Companies to Grow a Career in 2022. Learn how Walmart's mentorship and training help associates advance in their careers. |
| |
| 📨 Thanks for starting your holiday week with us. Please invite your friends to sign up to get their daily essentials — Axios AM, PM and Finish Line. |
 | | Are you a fan of this email format? Your essential communications — to staff, clients and other stakeholders — can have the same style. Axios HQ, a powerful platform, will help you do it. | | |
No comments:
Post a Comment