Morning Brew - ☕️ MJ's back

We finally have weekend plans...
April 18, 2020

Daily Brew

DiversyFund

Good morning. Anyone else only watching Lady Gaga's concert to see inside the houses of celebrities? We'll be on the lookout for Brew mugs. 

MARKETS

NASDAQ

8,650.14

+ 1.38%

S&P

2,874.56

+ 2.68%

DJIA

24,242.49

+ 2.99%

GOLD

1,692.40

- 2.27%

10-YR

0.643%

+ 1.90 bps

OIL

18.18

- 8.51%

*As of market close

U.S. markets: Though thousands of Americans died from the coronavirus this week, investors chose to focus on plans to relax stay-at-home restrictions. Stocks gained for the second straight week.

BIOTECH

Now If We’re Talkin’ Antibodies

Antibody testing

Robin Utretcht/SOPA Images/LightRocket via Getty Images

With widespread COVID-19 vaccines looking like a New Year's resolution for 2021, both the biotech and business communities are increasingly betting on antibody testing to get us back to some semblance of normal.

To the la-bor-a-tory

First, Dee Dee get out. Now, what are antibodies? The Brew’s resident bio PhD (this writer’s sister) said, “Proteins that can recognize other proteins. That’s as simple as I can make it.” 

  • In the case of the coronavirus, certain antibodies can tell us whether a person has been exposed to the virus in the past—and if they’ve possibly developed immunity. All it takes is a blood sample.
  • Antibody tests can give a more accurate tally of how many people have been unknowingly infected. In one California county, a large-scale community test found between 50x and 80x more infections than originally reported.

Big picture: Antibody tests could potentially help public health officials safely lift social distancing measures by indicating whether large swaths of the population have developed immunity.

The good news?

More tests could be coming. Swiss pharma company Roche said yesterday it’s developed an antibody test for COVID-19 that it plans to start selling early next month, and dozens of other companies have introduced similar tests. Some are as simple as an at-home pregnancy test; others require a medical professional to administer them.

But officials aren’t sold on antibody testing for several reasons: 1) The WHO warned yesterday that these tests can't actually prove someone is immune to the coronavirus 2) there are concerns about accuracy and 3) without a centralized results database or uniform method for testing, we’re still flying relatively blind.

Zoom out: Many experts say reliable antibody testing to determine immunity could take as long to develop and distribute as a vaccine. But that hasn’t stopped biotech companies like Roche from taking advantage of relaxed regulations to give it their best shot.

        

CONSUMER GOODS

One Investor’s Trash is P&G’s Treasure

toilet paper

Francis Scialabba

We’re calling it now: a surge in babies named Febreze, Downy, and Tide Pod in January. It only makes sense considering all the time we’re spending...cleaning.

Another side effect? Household products giant Procter & Gamble tallied its biggest U.S. sales increase in decades last quarter.

  • Fabric and home care revenue spiked 10% and healthcare sales 9%. 
  • However, sales at P&G’s grooming and beauty divisions dipped 1% and rose 1%, respectively, as we put dramatically less effort into our appearances. 

Zoom out: P&G’s sales clearly got a boost from COVID-19. And while execs were satisfied with last quarter’s attitude of “clean clothes, full pantries, can’t lose,” they warned of future volatility given widespread unemployment and retail closures.

Another big question: Post COVID-19, will we keep handwashing even when someone else isn't in the bathroom? P&G CFO Jon Moeller thinks so—he says our newfound appreciation for hygiene will outlast the pandemic, which could mean more solid earnings for P&G.

        

SPACE

We Will Do Anything to Get on This Mission

SpaceX

SpaceX

NASA announced yesterday that it’s targeting a May 27 launch date to send two astronauts to the International Space Station aboard a SpaceX rocket. That’d be one small step for man, one giant leap for everyone who’s said “what planet are we living on” in the last month.

It is an enormous step for one specific man: Elon Musk. This NASA launch will be the first on a rocket owned by a private company—Musk’s SpaceX.

  • Musk founded SpaceX in 2002 with the goal of enabling people to live on other planets. This will be the first time it flies humans.
  • If successful, it’ll give SpaceX a leg up over Boeing, which also has a NASA contract to fly astronauts to the ISS.

As for NASA, this means more money for freeze-dried ice cream. Its astronauts have been schlepping to Russia to get to and from the ISS, to the tune of $83 million per seat. This launch will be the first flight of NASA crews from U.S. soil since 2011.

        

SPONSORED BY DIVERSYFUND

We Don’t Have A Rich Wall Street Uncle

DiversyFund

Uncle Jimmy might be great at prank calls, but he’s pretty useless when it comes to real estate investment advice. That’s why we trust DiversyFund. They are an alternative investment platform that opens up new ways for everyday investors to diversify their portfolio and invest outside the typical exchanges, starting with their Growth REIT

You know the spiel: Diversification is key to long-term financial success. That’s why DiversyFund is making once off-limits investments available to everyone. Their Growth REIT allows investors to invest in alternatives that hedge against market volatility. Especially in uncertain times, DiversyFund chooses assets that have a steady history, like commercial properties—specifically multifamily properties. 

DiversyFund is SEC-qualified, so you remain informed on all aspects of your investment. Plus, they have no management fees. Leave the jokes to Uncle Jimmy, and learn how to invest in million-dollar deals without writing million-dollar checks with DiversyFund.

You can start investing in the REIT with as little as $500 .

MEDIA

MJ’s Back

Michael Jordan

Giphy

It looks like we might finally have weekend plans. On Sunday, ESPN and Netflix are releasing the first two episodes of the massively hyped 10-part Michael Jordan docuseries, “The Last Dance,” providing an in-depth look into the Chicago Bulls’s 1997–98 season.

The backstory: ESPN started its 30 for 30 documentary franchise in 2009 to celebrate its 30th anniversary—30 films to celebrate 30 years of covering sports. Since then, the franchise has grown to include over 90 films, including critically acclaimed specials like “OJ: Made in America.” 

Enter “His Airness”

If Michael Jordan had Scottie Pippen, "The Last Dance" has mass stay-at-home orders leaving viewers with all the time in the world to stream videos.
  • The current record for a 30 for 30 documentary premiere is “You Don’t Know Bo” with 3.6 million viewers on Dec. 8, 2012. 
  • The MJ doc is expected to top that. As the LA Times writes, it's not just a TV show..."it's a cultural event."  

Bottom line: With a virtual NFL draft scheduled to begin on Thursday, April 23, ESPN finally has some non-obscure sports programming in the pipeline. Here’s a cornhole highlight if that makes you sad. 

+ Bonus question: Did we choose the right Jordan GIF? One of the most difficult decisions a newsletter writer can make.

        

WHAT ELSE IS BREWING

  • President Trump sent off a series of tweets seemingly meant to encourage protestors angry about social distancing measures in several states. 
  • Retailers, restaurants, and hotels got a combined 18% of emergency small business loans issued by the government, as of Thursday. 
  • More cancellations: San Diego’s Comic-Con and Taylor Swift’s entire 2020 concert lineup. Don’t tell us to calm down.
  • Walmart will hire 50,000 more workers.
  • Bill Gates is the subject of online conspiracy theories.

SPONSORED BY DIVERSYFUND

DiversyFund

Let’s look towards the long-term. DiversyFund allows everyday investors to invest outside the typical exchanges and protect against market volatility with their Growth REIT. DiversyFund manages assets directly, getting rid of the middleman and the pesky fees that come with them. Learn how you can build .

BREW'S BETS

Weekend conversation starters...for your next Zoom happy hour or your always-listening pen pal (that’s us):

Reading books in quarantine is great because 1) a book placed next to coffee makes for a quality Instagram Story pic and 2) a book will never ask if you want to “continue reading.” For some recommendations, check out the latest installment of Brew’s Bookshelf, where we're sharing our team’s favorite business-related reads.

SATURDAY HEADLINES

One of these headlines is not like the others. Namely, real. Can you spot the news headline we made up? 

  1. “Following complaints, Brooklyn block institutes auditions for 7pm cheering”
  2. “Sourd.io is like a fitness tracker for your sourdough starter”
  3. “Dating app Bumble provides small-business cash faster than U.S."
  4. “A Florida bar pulled down $10,000 in single bills stuck to the wall so it could pay its 22 unemployed workers”

SHARE THE BREW

It only takes 3 referrals to earn access to Light Roast, our exclusive Sunday newsletter.

It’s the soothing, weighted blanket of newsletters that’ll fight off your scaries and prepare you for the week ahead.

Click here to get free swag.

Hit the button below to start sharing the Brew.

Click to Share

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

SATURDAY HEADLINES ANSWER

Haven't heard of cheering auditions, but...feel like that's not out of the realm of possibility. 

              

Written by Kinsey Grant, Jamie Wilde, and Toby Howell

Was this email forwarded to you? Sign up .

WANT MORE BREW?

  Quarantine newsletter → The Essentials

  Retail newsletter → Retail Brew

  Business podcast → Business Casual

ADVERTISE // CAREERS // SHOP

Update your email preferences or unsubscribe .
Change your email address .
View our privacy policy .

Copyright ©2020 Morning Brew. All rights reserved.
40 Exchange Pl., Suite #300, New York, NY 10005

Older messages

☕️ From downtown

Friday, April 17, 2020

A tale of two clouds April 17, 2020 Emerging Tech Brew TOGETHER WITH Monogram Dear valued subscriber, as you know, during these uncertain, unprecedented times, we are all navigating a new normal. We

☕️ Old normal

Friday, April 17, 2020

No one is going anywhere... April 17, 2020 Read in Browser Daily Brew TOGETHER WITH Raging Bull Good Friday morning and congratulations to Mary Kate Kellock and Zack Taylor, the winners of our second

☕️ Fragile situation

Thursday, April 16, 2020

Tim Cooks up a new iPhone April 16, 2020 Read in Browser Daily Brew TOGETHER WITH Hint Water Good morning and welcome to the many new faces who joined from our MacBook Pro giveaway yesterday. Congrats

☕️ Disruption

Thursday, April 16, 2020

Who's the peanut butter to startups' jelly? April 15, 2020 Emerging Tech Brew TOGETHER WITH Monogram It's Hump Day. No camels in today's edition, but hopefully you're okay with

☕️ It's bad

Wednesday, April 15, 2020

Those relief payments are starting to hit bank accounts... April 15, 2020 Read in Browser Daily Brew TOGETHER WITH The Motley Fool Good morning. You only turn 2 million subscribers old once, so we'

You Might Also Like

Pacific Science Center tries to survive | Flexport sues Seattle startup Freightmate

Tuesday, March 18, 2025

Satya Nadella uses AI to consume podcasts | UW's CoMotion relaunches fintech incubator ADVERTISEMENT GeekWire SPONSOR MESSAGE: Revisit defining moments, explore new challenges, and get a glimpse

Of Biblical Proportions

Tuesday, March 18, 2025

Church and State, the Chief Beef ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

🦈 Trump’s gift to loan sharks

Tuesday, March 18, 2025

After the collapse of Silicon Valley Bank, a new rule targeted the riskiest deposits. Now Trump has rescinded it. Forward this email to others so they can sign up 🔥 Today in The Lever: Trump just

☕ You’ve got mail

Tuesday, March 18, 2025

Newsletters—and their ad tools—continue to take off. March 18, 2025 View Online | Sign Up Marketing Brew Presented By Tubi It's Tuesday, the day after St. Patrick's Day, and officially March

No one reads The Intercept for our fundraising emails

Tuesday, March 18, 2025

This week, The Intercept is launching our spring fundraising drive with the goal of signing up 4000 new monthly donors by April 1. This week, The Intercept is launching our spring fundraising drive

☕ Bristle while you work

Tuesday, March 18, 2025

Target employees sound off about DEI. March 18, 2025 View Online | Sign Up Retail Brew Presented By LTK It's Tuesday, and retail watchers are still processing the latest monthly sales numbers,

Trump strikes the Houthis.

Tuesday, March 18, 2025

Plus, did we miss a good argument for deporting Mahmoud Khalil? Trump strikes the Houthis. Plus, did we miss a good argument for deporting Mahmoud Khalil? By Isaac Saul • 18 Mar 2025 View in browser

Prehistoric Blue

Tuesday, March 18, 2025

Writing of lasting value Prehistoric Blue By Kaamya Sharma • 18 Mar 2025 View in browser View in browser The Prehistoric Psychopath John Halstead & Phil Thomson | Works In Progress | 13th March

Inside El Salvador's sprawling prison system

Tuesday, March 18, 2025

+ an artist's response to authoritarianism in Russia ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🍿 Steven Soderbergh’s Rules Of Engagement

Tuesday, March 18, 2025

Plus: Netflix just released the most experimental crime thriller of the year. Inverse Daily Black Bag is the work of a master craftsman, but Soderbergh says he's still learning as he goes: “