Good morning. If you're still on a soccer high after watching Argentina defeat France in one of the greatest World Cup finals ever, the good news is there's plenty of exciting international fútbol to look forward to. - The Women's World Cup is taking place in just seven months in Australia and New Zealand. The dominant US team is going for their third straight title.
- Then, for the next men's World Cup in 2026, the question won't be "How can I watch on TV?" It'll be: "What game am I going to?" The tournament is returning to North America for the first time since 1994.
But if we're being honest, it's going to be nearly impossible to eclipse the drama we just saw… —Neal Freyman | | | |  | Nasdaq | 10,705.41 | | | | | S&P | 3,852.36 | | | | | Dow | 32,920.46 | | |  | 10-Year | 3.489% | | | | | Bitcoin | $16,815.39 | | | | | Tesla | $150.23 | | | | *Stock data as of market close, cryptocurrency data as of 10:00am ET. Here's what these numbers mean. | - Markets: The flurry of economic reports last week may have ushered in a new era for the stock market—one where investors are less concerned about inflation and more worried about an oncoming recession. Either way, there's not a lot of hope on Wall Street right now and, barring a miracle, all three indexes will close out the year solidly in the red. Tesla, meanwhile, posted its worst week since March 2020 as investors increasingly call out Elon Musk for focusing his efforts on Twitter (but maybe that's coming to an end...)
| | | | Photo Illustration: Dianna "Mick" McDougall, Photo: Getty Images/Frederic J. Brown What's the opposite of quiet quitting? Because that's what Elon Musk seems to be doing as CEO of Twitter. After another head-spinning day on the bird app, Musk posted a poll asking users whether he should step down as the company's chief executive ("I will abide by the results of this poll," he said.) As of 5am ET, more than 57% voted "yes"—he should step down. As bizarre as it sounds that a CEO would leave their professional fate to random people (and an untold number of bots), there's reason to think that Musk will actually abide by the results: He restored former President Trump's account after that choice won in a poll, and also reinstated banned journalists' accounts this weekend when users voted in favor of that option. But in even posting the survey in the first place, Musk seems to be issuing a cry for help. In the roughly seven weeks since he (reluctantly) bought Twitter for $44 billion, the only constant has been chaos—from the debacle of a rollout of Twitter's subscription service to haphazard and inconsistent application of content moderation policies. That chaos reached a climax yesterday A new rule instituted (briefly) by Twitter caused even Musk's most loyal supporters to lose faith in him. The company said Sunday that it would no longer allow the "free promotion" of certain rival social media sites on its platform: Facebook, Instagram, Mastodon, Truth Social, and three others. - In response, former CEO Jack Dorsey tweeted that the policy "doesn't make any sense." (Dorsey previously said that Musk was "the singular solution I trust" to lead Twitter.)
- Venture capitalist Paul Graham, who just last month bashed Musk critics, tweeted "This is the last straw. I give up" after Twitter announced the rule change. Graham's account was subsequently suspended, then reinstated.
After receiving pushback, Twitter once again reversed itself and deleted its posts about the new rule. Big picture: While criticism from his backers may have been the immediate cause of Musk publicly questioning his role as CEO, the fundamental issue is that Twitter is simply a failing business under Musk's ownership. As advertisers have paused spending on the platform and Musk faces $1 billion in annual interest payments, Twitter has reportedly been seeking new equity investors to help fund the company. As for the question of whether Musk has a replacement in mind if he does step down, he said yesterday "There is no successor." | | TOGETHER WITH CARDCRITICS | | Life is filled with all kinds of hurdles. The list is endless, from wonky economic cycles to holiday string lights that are impossible to untangle. Sometimes it's best to chill out and strip it all down to simple necessities: food, water, shelter, and, of course, cold hard cash. This credit card can put more of that jolly green stuff back in your pockets. It offers unlimited 2% cash rewards on purchases, unrestricted by categories—one of the highest rates available. And in addition to a generous intro APR period on purchases and balance transfers, the card also comes with a pretty sweet bonus. Set yourself up for a green new year. Apply for this cash rewards card today. | | National Park Service  Angelenos say goodbye to celeb mountain lion. P-22, a beloved mountain lion who lived in LA's Griffith Park, was euthanized on Saturday after numerous health problems left the big cat with "no hope for a positive outcome," according to the CA Department of Fish and Wildlife. For much of the 10 years he lived in the park, P-22 managed to avoid the paparazzi, but one National Geographic photo of him in front of the Hollywood sign turned him into a global symbol of wildlife conservation in cities. Lawmakers are already calling for P-22 to get a star on the Hollywood Walk of Fame.
 In China's cities, streets are quiet. But, unlike during the past three years, it isn't because of lockdowns—it's because Covid is surging after authorities ended strict restrictions, and people are staying home. There is little reliable data on the size of the outbreak but signs point to a severe wave: Shanghai and other cities moved classes online starting today, long lines have formed outside Covid clinics, and Beijing funeral homes can't keep up with demand.
 Bundle up—it's going to get cold. An arctic blast in the week leading up to Christmas will bring potentially the coldest weather of the season across a wide swath of the US. About 270 million people in the lower 48 states will experience temperatures of 32 degrees Fahrenheit or below, and about 55 million will see the thermometer dip to 0 degrees or below. These frigid temps could disrupt holiday travel, forecasters warn.
| | Herika Martinez/AFP via Getty Images A Trump-era border policy implemented at the start of the pandemic is set to expire on Wednesday, causing uncertainty in places like El Paso, Texas, that are already struggling with an influx of migrants. The policy: In March 2020, the US government invoked a rule that gave it the power to rapidly expel migrants and asylum-seekers at the southern border, arguing that those migrants, if allowed entry to the US, would contribute to the spread of Covid-19. The Trump administration said it was justified under Title 42 of the public health code, which allows health officials to bar people from coming to the US when there's a communicable disease in another country. - Since Title 42 was invoked due to the pandemic, migrants have been expelled more than 2.4 million times, per US Customs and Border Protection.
Joining other Democrats and human rights activists who criticized Title 42 for being illegal and inhumane, President Biden pledged in his campaign to end the rule. But it wasn't until May of this year that he tried to wind down enforcement of Title 42. That attempt was stalled in court, but last month a federal judge ruled that the policy will end on Dec. 21—two days from now. GOP lawmakers have tried to keep Title 42 from being wound down, arguing it'll lead to surges in migrants that border towns aren't equipped to handle. They've called on the Supreme Court to intervene before the order is lifted Wednesday, or else "it's gonna be total chaos," Texas Gov. Greg Abbott said on ABC yesterday. Big picture: Border cities are bracing for an influx in migrants once Title 42 ends this week. El Paso, whose migrant support system has already been under intense strain in the past week, declared a state of emergency on Saturday so that people waiting outside in near-freezing temperatures can get additional resources. | | Seinfeld/Columbia Pictures Television via Giphy SBF is reportedly "ready to face the music." When the imprisoned FTX founder appears in court in the Bahamas today, he'll reverse his attempt to block extradition to the US, per Reuters. That would set him up to be brought stateside and face a host of fraud charges related to the meltdown of his crypto exchange. Congress winds down. This will be the final week of the 117th Congress before the next iteration takes over on January 3. Lawmakers have quietly accomplished a lot in the past two years, but they still need to pass a $1.7 trillion bill this week that would fund the government through September. Happy Festivus. The winter holiday alternative invented by Frank Costanza on Seinfeld will be celebrated Friday with a ceremonial aluminum pole and the Airing of Grievances. Speaking of, if you didn't open this email every day this year, you are on my naughty list. Everything else... - Hanukkah began last night and runs through next Monday night. Saturday night is Christmas Eve.
- Wednesday is the first official day of winter. I know…
- Babylon, starring Margot Robbie and Brad Pitt, hits theaters on Friday.
| | | Burnout is real, but how can we beat it? Signature Healthcare CIO and VP Nick Szymanski shared ways to provide relief to an IT crew that's working around the clock, including one key practice: recognition. Read about the challenges he's faced, the practices he relies on, and the lessons he's learned. | | Getty Images Stat: The dramatic shift to working remotely in the tech sector has gutted central San Francisco, which the NYT called "perhaps the most deserted major downtown in America." Office occupancy has stalled at ~40% of pre-pandemic levels and almost a quarter of buildings are vacant (up from 5% in 2019), per security firm Kastle. The city desperately needs to figure out how to put these empty buildings to work (apartments?) to claw back lost tax revenue, experts say. Quote: "I truly and to this day regret the decimation of the shark population because of the book and the film." In an interview with BBC Radio 4, director Steven Spielberg expressed remorse about the impact of his 1975 movie Jaws on the perception of sharks. Research has shown that the number of large sharks on the Eastern Seaboard of North America dropped 50% in the years following the release of the movie, which depicts a great white shark terrorizing a Northeastern seaside town. Spielberg has been chatting with the media about his new semi-autobiographical film, The Fabelmans (which I just saw and it's great). Read: Identical twins aren't *that* identical. (Science Fictions) | | Dive back into the week: How many of these videos have you seen? Here are the most-viewed TikToks of 2022. Learn business basics: The Brew's Business Essentials Accelerator is built to teach business fundamentals to anyone, no matter their industry. Applications for the eight-week virtual program are now open for February 2023. Learn more and apply today. | | Finding the perfect gifts for your friends and family can be tricky, but Morning Brew is here to make it easier. We've scoured the internet to find the best gifts for even your pickiest friends—whether they're fitness buffs, gadget collectors, or aspiring chefs. Browse the guide here. | | Turntable: It's the penultimate Turntable of the year. If you enjoyed the use of that word, you'd probably do well in today's puzzle. Play it here. Listomania This list was just released in one company's year-end report. What do these 10 items represent? - Burrito (bowl or regular)
- Cheeseburger
- Cheese pizza
- Pad Thai
- Chicken quesadilla
- California roll
- Fried chicken sandwich
- Caesar salad
- Chicken tikka masala
- Boneless wings
| |  Keeping track of your business's performance can be challenging. Save yourself the headache by learning how to craft dashboards that monitor all your data in real-time. Reserve your spot in our dashboards course today.
 Merry and bright? Not quite: The holiday season is prime-time for cyber threats. But with IT Brew's guide to protecting your company from cyber threats, IT managers can ensure all systems are safe and secure.
 Up your personal finance game this year and next with Money Scoop—the free newsletter that makes you smarter about your money.
| | | Written by Neal Freyman Was this email forwarded to you? Sign up here. WANT MORE BREW? Industry news, with a sense of humor → | ADVERTISE // CAREERS // SHOP 10% OFF // FAQ
Update your email preferences or unsubscribe here.
View our privacy policy here.
Copyright © 2022 Morning Brew. All rights reserved.
22 W 19th St, 4th Floor, New York, NY 10011 | |
(1).gif)
No comments:
Post a Comment