Morning Brew - ☕️ Generational anxiety

How Gen Z is rethinking the college experience...
April 02, 2024 View Online | Sign Up | Shop

Morning Brew

RYSE

Good morning. Not to alarm you or anything, but now that April has begun it means that 25% of the year is complete. In other words, if 2024 were the Titanic movie, we’d be right around the part where Cal gives Rose the Heart of the Ocean necklace. Or if 2024 were “Around the World” by Daft Punk, we’d be at the part where they sing the lyric “Around the world.”

Really puts things in perspective.

—Molly Liebergall, Cassandra Cassidy, Sam Klebanov, Abby Rubenstein, Neal Freyman

MARKETS

Nasdaq

16,396.83

S&P

5,243.77

Dow

39,566.85

10-Year

4.329%

Bitcoin

$69,761.76

Trump Media

$48.66

*Stock data as of market close, cryptocurrency data as of 3:00am ET. Here's what these numbers mean.

  • Markets: Stocks started Q2 off with a whimper yesterday, as investors continued to fret about inflation.
  • Stock spotlight: Trump Media, the newly public company that owns Truth Social, plunged yesterday after revealing that it lost $58 million last year, generated just $4.1 million in revenue, and had 10 times fewer users than Threads. But that may not matter to the investors who back the company as a way to support Donald Trump, whose stake in the company lost $1 billion of value in the dip.
 

HEALTH

Are phones to blame for the mental health epidemic?

Kid sliding down a phone Francis Scialabba

A social psychologist known for bashing trigger warnings and safe spaces is back with another controversial take on what’s ailing today’s youth that’s got everyone talking about whether phones need to be kept on a shelf too high for kids to reach.

In his new book, The Anxious Generation: How the Great Rewiring of Childhood is Causing an Epidemic of Mental Illness, NYU business school professor Jonathan Haidt argues that the replacement of “play-based childhood” with “phone-based childhood” is the major cause of rising rates of adolescent mental illness around the world.

There’s no doubt that the world is in the midst of a youth mental health crisis, but the book has sparked a debate over something you may remember from Intro to Psychology: correlation vs. causation.

Haidt says…people born around the turn of this century (aka Gen Z) are the first humans to have grown up with smartphones, which caused this generation to develop depression and anxiety disorders in way higher numbers than older generations. He says his book cites several experimental studies that allow researchers “to infer causality” and 64 studies that show “significant correlations” between phone usage and poor mental health.

But his critics say that inference might be too big a leap.

  • There’s evidence showing correlation between rising rates of smartphone usage and youth mental illness, but nothing to prove that one causes the other, psychologist Candice L. Odgers wrote in her review of the book for Nature. (You can read Haidt’s response here.)
  • Judith Warner’s review for the Washington Post argues that Haidt “minimizes” the psychological impact of growing up in the fallout of 9/11, economic turmoil, school shootings, the climate crisis, and a far-too-long list of other stressors.
  • Openness to mental health counseling has also increased as reported rates of anxiety have increased, Yale finance professor Paul Goldsmith-Pinkham pointed out on X.

Big picture: Everybody pretty much agrees that cutting down screen time and subbing in more exercise, socializing, and sunshine are good ideas.—ML

   

PRESENTED BY RYSE

Smart money for smart shades

RYSE

Venture capitalists know how difficult it is to spot promising early investment opportunities, and the story of the Ring doorbell is the perfect example.

Even the all-knowing Sharks from Shark Tank declined the offer to buy 10% of Ring for $700,000, and now the company has blown up (acquired by Amazon for $1b)—all thanks to retail distribution.

Next, let’s turn our attention to RYSE, the brand positioned to follow a similar trajectory. The founder pitched on Canada’s version of Shark Tank, Dragons’ Den, received two offers, and now their patented smart shades tech is currently sold in over 100 Best Buy stores.

Here’s how you can follow the Dragons’ lead and become an early investor in RYSE.

WORLD

Tour de headlines

The aftermath of a missile, presumed to be Israeli, that struck the Iranian consulate in Damascus Louai Beshara/Getty Images

Top Iranian general believed to be killed in Israeli airstrike. Iran said yesterday that an Israeli missile destroyed the Iranian consulate in Damascus and killed Gen. Ali Reza Zahdi, a member of the Islamic Revolutionary Guard Corps., his deputy, and five other officers. The incident represents an escalation in the shadow war between Israel and Iran, which has been heating up amid Israel’s war with Hamas in Gaza. Iran vowed to retaliate.

Google will destroy billions of records to settle a privacy lawsuit. The search giant has agreed to wipe data on millions of users’ browsing histories as part of a settlement resolving a class action filed in 2020 that claimed Chrome’s Incognito mode wasn’t nearly as incognito as users were led to believe. Google will also update its disclosures about what it tracks and let Incognito users block third-party cookies. The deal, which still requires a judge’s approval, doesn’t include damages for individual users, but attorneys who brought the case say it could be worth as much as $7.8 billion—and the settlement permits individuals to sue for their own damages.

Florida’s top court will allow six-week abortion ban. The state’s Supreme Court handed down two decisions on abortion yesterday. One found that the state constitution’s privacy protections don’t cover abortion, overturning years of precedent and clearing the way for a recently passed ban on the procedure after six weeks to take effect. But the other will give voters a say: The court approved a proposed constitutional amendment expanding abortion access to go on the ballot in November. So far, abortion rights have won every time they’ve been put to voters since Roe v. Wade was struck down.

LABOR

Gen Z is losing interest in email jobs

Young woman welding GCShutter/Getty Images

Of all the decisions that 18-year-olds can make about their future, one is becoming more popular: going to trade school.

The increasing appeal of skilled trade work is throwing a wrench in the enrollment levels of pricey four-year institutions as more young people opt out of traditional college and opt into vocational programs that offer good pay and stability, per the Wall Street Journal.

  • The number of students enrolled in vocational-focused community colleges increased 16% from 2022 to 2023, according to data from the National Student Clearinghouse.
  • The number of students studying construction at two-year undergraduate programs rose ~12% since 2021.

Why? Four-year schools used to seem like the most straightforward path to a high salary, but with their costs going up, they also lead to a lot of debt. Meanwhile, a shortage in skilled workers has driven up workers’ earnings: Median pay for construction workers rose more than 5% last year to $48,089, compared to $39,520 for new hires in professional services (like accountants and IT workers), according to payroll provider ADP.

Plus…software can’t repair a leak in your roof (yet). In a recent survey, the majority of young people said blue-collar jobs seemed more secure than white-collar ones amid developments in generative AI technology that could render some jobs obsolete.—CC

   

TOGETHER WITH MISO ROBOTICS

Miso Robotics

Can I get AI with that? Miso Robotics’ AI-powered robot, Flippy, could soon be cooking up your fries. Backed by 153k+ hours of training data, Flippy’s AI does the repetitive jobs fast-food chains struggle to fill. Flippy’s already cooked 2m baskets for top brands like White Castle. Now you can invest in Miso as they scale up in the $1t fast-food industry.

CRIME

The coldblooded murder behind 3 Body Problem

Lin Qi Lin Qi in 2018. VCG/Getty Images

The man who murdered Lin Qi, one of the producers of Netflix’s hit sci-fi series 3 Body Problem, was recently sentenced to death by a Chinese court. The judgment brings some closure to a heinous crime that has rattled the Chinese tech industry and brought a dark undercurrent to the buzzy streaming show.

Chilling case

Chinese gaming billionaire Lin Qi was fatally poisoned in 2020 by his colleague, a lawyer named Xu Yao, the court found. According to the court, Xu’s decision to kill the 39-year-old star entertainment executive was motivated by workplace jealousy and resentment.

Lin hired Xu in 2017 to help fulfill his dream of making one of China’s landmark literary exports, Liu Cixin’s The Three-Body Problem, bingeable for audiences globally. Xu was tasked with heading The Three Body Universe, a subsidiary of Lin’s company, Yoozoo, which hoovered up various IP rights related to the trilogy. But after the company inked the big Netflix deal, Xu was sidelined, reportedly prompting him to meticulously plot his boss’s murder.

Inspired by the TV series Breaking Bad, Xu tested poisons that he bought on the dark web on small animals, per the Chinese business magazine Caixin. He gave Lin probiotic pills that contained a fatal substance, which killed him 10 days later. Four other colleagues were also poisoned but survived.

As for 3 Body Problem...the Netflix series has been met with general approval from critics, but hasn’t entirely lived up to the books’ acclaim. Lin is credited posthumously as an executive producer.—SK

   

GRAB BAG

Key performance indicators

Jim Carey typing furiously in Bruce Almighty Bruce Almighty/Universal Pictures via Giphy

Stat: If your job would baffle your great-grandmother, you’re not alone. About six out of every 10 jobs people do today didn’t exist in 1940, according to a new analysis of US census data from 1940 to 2018 led by an MIT economist. While many of those jobs were created by new technologies, some came from changing consumer needs. And while in the first 40 years of that nearly 80-year period most of the new jobs, which included many manufacturing and clerical positions, were scooped up by the middle class, the more recent jobs have tended to be either highly paid white-collar roles or lower-wage service jobs.

Quote: “Bhargava behaved more like a gangster than a trusted business partner.”

Sports Illustrated’s owner, Authentic Brands Group, came out swinging yesterday in a $49 million lawsuit against 5-Hour Energy founder Manoj Bhargava, claiming his company Arena Group, which licensed the rights to publish the magazine, stopped paying its bills in hopes of getting a sweeter deal. In case you missed the chaos, the legal action comes after Arena laid off most of the publication’s staff and lost its license to publish the magazine (which has since been given to a new partner). The suit alleges that Bhargava and his company “tried to weaponize their obstinance” and owe damages on top of the missed payments.

Read: Why did this guy put a song about me on Spotify? How one man games the way we find music. (New York Times)

NEWS

What else is brewing

  • Donald Trump posted the $175 million bond necessary to prevent the seizure of his assets while he appeals the $454 million judgment in the civil case accusing him of inflating the value of his assets.
  • Microsoft will stop bundling Teams with its Office suite, bowing to antitrust scrutiny.
  • United is asking pilots to take unpaid leave, citing delays of Boeing planes.
  • The Iowa Hawkeyes beat LSU in a rematch of last year’s women’s March Madness championship game, giving Caitlin Clark’s team a spot in the Final Four.
  • Hospitals must get written consent to perform pelvic exams and other invasive procedures, the Department of Health and Human Services decided yesterday.
  • A human has been diagnosed with bird flu, which likely came from contact with infected dairy cattle.
  • Former NFL cornerback Vontae Davis was found dead in his Florida home yesterday at age 35. Police say they do not suspect foul play.

RECS

Tuesday To Do List

Watch: This video maps out Wikipedia, identifying the strangest parts of a site you probably use on the regular.

Get saucy: A ranking of the world’s best condiments.

Clean up: Play a game that’s all about tossing (virtual) dog-doo into a trash can.

Check out the sequel: A beloved children’s book author explains why she just released a part two to her decadesold story about berserk hippos.

Spend $1 = 90% off flights: Until midnight, try Dollar Flight Club for just $1 and save on round-trip flights (like Paris from $299 and Miami from $38). Start traveling like a pro with $1 today.*

*A message from our sponsor.

GAMES

The puzzle section

Brew Mini: You can set a PR on today’s straightforward Mini. Post your best time yet here.

Vegas hotel trivia

The iconic Tropicana hotel in Las Vegas is closing today so it can be demolished to make room for a $1.5 billion MLB stadium.

For this trivia category, let’s see how well you know your Las Vegas hotels. We’ll give you a theme or setting, and you have to name the hotel on the Strip that embodies it in its design. This will be easier for those of you who are on the Vegas conference circuit.

Example: “Medieval Europe” = Excalibur

  1. Ancient Egypt
  2. New York City
  3. Roman Empire
  4. Pirates
  5. Carnival, Mardis Gras
  6. Polynesia

SHARE THE BREW

Share Morning Brew with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag.

We’re saying we’ll give you free stuff and more friends if you share a link. One link.

Your referral count: 2

Click to Share

Or copy & paste your referral link to others:
morningbrew.com/daily/r/?kid=303a04a9

ANSWER

  1. Luxor
  2. New York-New York
  3. Caesars Palace
  4. Treasure Island
  5. Harrah’s
  6. The Mirage

Word of the Day

Today’s Word of the Day is: heinous, meaning “shockingly evil.” Thanks to Laraine Levy from Weston, Mass., for the not-at-all-horrible suggestion. Submit another Word of the Day here.

✢ A Note From RYSE

This is a paid advertisement for RYSE’s Regulation A+ offering. Please read the offering circular at invest.helloryse.com and the risks prior to investing.

✳︎ A Note From Miso Robotics

This is a paid advertisement for Miso Robotics’ Regulation A offering. Please read the offering circular at invest.misorobotics.com.

         
ADVERTISE // CAREERS // SHOP // FAQ

Update your email preferences or unsubscribe here.
View our privacy policy here.

Copyright © 2024 Morning Brew. All rights reserved.
22 W 19th St, 4th Floor, New York, NY 10011

Older messages

☕ Pranks for the memories

Monday, April 1, 2024

A brief history of April Fools' pranks by retail brands. April 01, 2024 Retail Brew PRESENTED BY Paylocity It's Monday, and chances are you had too many sweets over the weekend, so why not try

☕ If the shoe fits

Monday, April 1, 2024

Inside Rothy's sell-out strategy. April 01, 2024 Marketing Brew PRESENTED BY Gradient It's Monday. Confectionaries—aka anything that'll have the dentist on speed-dial—generate more than $5

☕ Dear reader

Monday, April 1, 2024

We're handing you the mic. April 01, 2024 Tech Brew It's Monday. You're intelligent, funny, and charming, and we want to know what stories you want us to cover so we can keep up with you.

🍵 Fast-food dustup

Monday, April 1, 2024

Gmail turns 20 years old... April 01, 2024 View Online | Sign Up | Shop Morning Brew PRESENTED BY Pendulum Good morning. It's April Fools' Day, a day to be extremely cautious about things you

☕️ Blurred jeans

Sunday, March 31, 2024

Who will pay for the Baltimore bridge disaster? Presented by AT&T In-car Wi-Fi March 31, 2024 | View Online | Sign Up | Shop Baseball is back. Ben Jackson/Getty Images BROWSING Classifieds banner

You Might Also Like

These are tough times for journalism. Your $5 monthly donation will ensure our Gaza reporting can continue

Saturday, April 20, 2024

We refuse to carry water for any leader who commits, aids, or abets the mass slaughter of civilians. President Joe Biden said he was “outraged and heartbroken” by the Israeli airstrike that killed

10 important questions about the promise and pitfalls of AI

Saturday, April 20, 2024

Who will be the Next Tech Titan at the GeekWire Awards? ADVERTISEMENT GeekWire SPONSOR MESSAGE: Science Firsthand: Learn how Bristol Myers Squibb unlocked the potential of CAR T cell therapy.

Bitcoin Halving Best Buys | Crypto Managed Accounts From Abra

Saturday, April 20, 2024

The asset manager's new short-term credit fund is hosted on the Ethereum blockchain. ADVERTISEMENT Forbes START INVESTING • Newsletters • MyForbes Mitchell Martin Senior Editor, Forbes Money &

TikTok ban looms

Saturday, April 20, 2024

+ leaving college without a degree ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Everybody Pivot

Saturday, April 20, 2024

Columns and commentary on news, politics, business, and technology from the Intelligencer team. Intelligencer Weekend Reader Required Reading for Political Compulsives 1. Why Are Republicans Suddenly

YOU LOVE TO SEE IT: Friends Of The Court Could Lose Their Benefits

Saturday, April 20, 2024

Plus, a pipeline company is caught trespassing, corporations face heat for shady stock deals, and law enforcement's pseudoscience doesn't hold up. YOU LOVE TO SEE IT: Friends Of The Court Could

Weekend Briefing No. 532

Saturday, April 20, 2024

Gen Z Broke the Marketing Funnel -- Less Babies -- 5-Hour Rule ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

The best cheap sunglasses

Saturday, April 20, 2024

Your future is bright ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Your new crossword for Saturday Apr 20 ✏️

Saturday, April 20, 2024

Happy Saturday, crossword fans! We have six new puzzles teed up for you this week. Play the latest Vox crossword right here, and find all of our new crosswords from the previous week in one place.

Did You Miss This?

Saturday, April 20, 2024

Exclusive offer to join Forbes Crypto Advisor View in browser Yesterday, bitcoin underwent its historic halving, a once-in-a-four-year event that experts predict will trigger a massive price surge. Now