Morning Brew - ☕️ Cleared for takeoff

What's the new social media sensation?
November 19, 2020 View Online | Sign Up

Daily Brew

WHOOP

Good morning. Without dinner parties, opportunities to show off your intellect are few these days. 

But remember, you can always share interesting factoids from the Brew to remind your friends just how erudite you are. Here’s how:

  • Click the gray icons at the bottom of each article to share it on your social media platform of choice. 
  • Or, screenshot something that made you gasp and slap it on your Stories (or Fleets?).

MARKETS

NASDAQ

11,801.60

- 0.82%

S&P

3,567.79

- 1.16%

DJIA

29,438.42

- 1.16%

GOLD

1,871.00

- 0.75%

10-YR

0.873%

+ 1.30 bps

OIL

41.62

+ 0.46%

*As of market close

  • Markets: Stocks closed lower as investors juggle horrible short-term news (surging virus) but great long-term news (two effective vaccines).
  • Debt: Global debt is projected to hit a record $277 trillion by the time we bid adieu to 2020, per the Institute of International Finance. Governments and companies are binging on debt as they try to combat the pandemic. 

AVIATION

737 Max Cleared for Takeoff

jet contrails

Francis Scialabba

Twenty months after it was initially grounded, Boeing’s 737 Max has been cleared to fly by the Federal Aviation Administration (FAA). In a video message, the agency’s administrator Steve Dickson said he’d be “100 percent comfortable with my family flying on it.” 

The backstory: The Max had been involved in two fatal crashes—one in Ethiopia and one in Indonesia—that killed 346 people in total. In March 2019, aviation regulators around the world said the jet couldn’t fly again until Boeing and the FAA figured out what went wrong...and fixed it.

This story was one of the most dramatic we’ve followed in the past several years. And it features many superlatives: 

  • Longest grounding of a jet in U.S. history 
  • By far the worst crisis in Boeing’s 100+ year history
  • Considering the 737 Max was the bestselling plane from the U.S.’ preeminent industrial company, some consider it to be the country’s most important manufacturing product. 

The cost has been huge

Boeing estimates the crisis and its aftermath have cost $20 billion. CEO Dennis Muilenburg was replaced. And despite a steady climb back from pandemic lows, Boeing’s share price sits at less than half of the company’s all-time high on March 1, 2019. 

  • And there’s no calculating the human cost. Some families of the victims have argued the 737 Max should never fly again.

Big picture: Boeing and its regulator, the FAA, won’t be Googling themselves for a long time. A deep-dive report from a congressional subcommittee blamed the crashes on a “horrific culmination of a series of faulty technical assumptions” by Boeing engineers as well as “grossly insufficient oversight by the FAA.”

What next? Despite a series of software fixes and the lifting of the grounding order, the 737 Max won’t fly immediately—the first flight on its schedule is an American Airlines route from Miami to NYC on Dec. 29. 

Even then, the company faces a jittery public because of both the plane’s history and the ongoing pandemic. In an unofficial poll on Morning Brew’s Twitter account, 54% of respondents said they wouldn’t fly on a 737 Max.

        

COVID

Here We Go Again

mural of a doctor with PPE

Sergey Nikolaev/NurPhoto via Getty Images

As the coronavirus sweeps across the country, states and cities are re-implementing restrictions on businesses and social life to curb infection numbers. Here’s a quick roundup:

  • New York City, home to the country’s largest public school district, ordered schools to close for in-person learning as of this morning, citing a 3% positive test threshold.
  • Ohio announced a three-week curfew from 10pm to 5am starting today.
  • New Mexicans have been told to shelter in place for two weeks because of what Gov. Michelle Lujan Grisham called a “life-or-death situation.”
  • California reimposed tight restrictions on 94% of its population.
  • Washington, Michigan, and other states have halted indoor dining. So have cities like Philadelphia.
  • Iowa was among some Republican-led states that did a 180 on mask mandates.
  • New Orleans said it wouldn’t host parades next Mardi Gras season for the first time in 42 years. 

Looking ahead...with Thanksgiving approaching, the No. 1 topic of conversation in our group chats is, “Should I go home for the holiday?” Here’s some advice from experts.

        

TECH

Google, Yesterday

Simpsons character saying

Giphy

Looks like Google overheard one too many college students say, “Jerry put down his card, everyone just Venmo him” after a big night out. The tech giant rolled out a revamped Google Pay app yesterday highlighted by a new peer-to-peer payments system. 

It’s got a bunch of cool features

An “Explore” tab highlights deals and discounts nearby, while users can connect their bank accounts to the “Insights” section to get a high-level look at their finances.

  • Not all of these features are actually new, but yesterday marks the first time Google has folded them into a single app.

Is it just a data grab in an app’s clothing? Google says no. “When you pay friends, it stays private just between you," according to a company statement. That means no data will be shared with its ad division unless you explicitly allow it.

Bottom line: Google’s app will shine if you opt into its advanced features like allowing it to scan your Gmail inbox or Google Photos account to look for receipts. But if users don’t opt in, it will be tough for Google Pay to stand out in a crowded space that already includes Apple Pay, Samsung Pay, PayPal, Venmo, Square Cash, Shop, and others. 

        

SPONSORED BY WHOOP

Training Hard But Never Overtraining

WHOOP

This winter, we’re planning to train hard—but not overtrain—with WHOOP

WHOOP is a sleek, no-nonsense wearable that doesn’t ding or buzz on your wrist the entire day. It blends into your life and is used by pro-athletes, like golfer Nick Watney and NFL quarterback Patrick Mahomes.

But you don’t have to be a professional athlete to train like one. WHOOP can help you train smarter, no matter what your “gym” looks like. WHOOP’s Strain Coach lets you monitor your heart rate 24/7 with insight into how strenuous your training and day is to better understand the exertion put on your body.

And when we say strain, we mean the true measure of how much stress you're putting on your body, both mentally and physically. WHOOP Strain is measured on a scale of 0 to 21 and can be affected by things like work, parenting, anxiety, exercise, and even running errands (aka: the things we do every single day).

Start training better without overtraining. 

Try WHOOP today

BIG TECH

Apple Cuts Its Cut

Yesterday, Apple said that starting Jan. 1, it will lower the bite it takes out of App Store sales from 30% to 15%—but only for small developers. 

  • Who counts as small: Those that generate $1 million or less in annual revenue (after Apple takes its 15% chunk). 

Zoom out: Small is also a good way to describe the difference the move will make in Apple’s ongoing battle with software companies such as Epic Games, Spotify, and Tinder owner Match Group...none of which fit in the “small” category. Epic CEO Tim Sweeney dismissed the announcement.

  • Those bigger players are also the ones that drive the most revenue in the App Store, a major growth engine for Apple’s services division. 

Bottom line: The App Store is essential to Apple’s long-term strategy, but it’s also been the center of antitrust allegations in both the U.S. and the EU. 

+ In other news out of virtual Cupertino...Apple agreed to pay $113 million to settle an investigation into its past practice of slowing down old iPhones to shore up their batteries. 

        

SOCIAL MEDIA

The Youths Are Obsessed With a New App

Actor saying "Youths" angrily

Giphy

French startup Yubo raised an additional $47.5 million yesterday to fuel its bid to reimagine social media. 

It’s doing a lot more than just copying Snap stories. The app consists of a variety of “rooms” users can enter to videochat with friends or strangers. Rooms are filtered by location or topic of conversation and are meant to facilitate the type of spontaneous interactions that bubble up at an IRL party. In between chats, users can swipe left or right to add friends, similar to Tinder. 

How it makes money: Yubo is completely ad-free. It relies on a “freemium” model that encourages users to buy premium features like boosting your profile on the Swipe page. CEO Sacha Lazimi thinks it’s the future of social media monetization. “If you focus on ads, you’re competing with Facebook, TikTok, and Snap,” he told TechCrunch. 

Bottom line: Like Bryson Dechambeau’s golf swing, the unique approach is (mostly) working. Hours spent in live rooms is up 400% from last year, while Yubo’s total users recently topped 40 million. 

        

WHAT ELSE IS BREWING

  • JPMorgan CEO Jamie Dimon said of a stimulus stalemate, “This is childish behavior on the part of our politicians.” 
  • Wonder Woman 1984 will be released simultaneously on both HBO Max and in U.S. theaters on Christmas Day.
  • Pfizer said its Covid-19 vaccine had a 95% success rate. It will be seeking FDA emergency use authorization within days.
  • Target trounced fiscal Q3 earnings, cementing itself as one of the big retail winners during the pandemic.
  • Anthony Edwards was selected by the Minnesota Timberwolves as the top overall pick in the NBA Draft. 
  • More than 49,000 fans attended a rugby match in Australia, likely the most-attended sporting event since the pandemic began.

SPONSORED BY WHOOP

WHOOP

Allow us to introduce you to yourself. WHOOP features heart rate monitoring and personalized, actionable insights that allow you to understand the inner workings of your body. With critical health-monitoring features like daily recovery and respiratory rate monitoring, you can know yourself, your sleep cycle, and your body—better. Try WHOOP today

BREW'S BETS

Life in a bubble: Tour the most beautiful outdoor dining experiences that have popped up across the U.S. this year. 

Work playlists: Listen to field recordings (it’s exactly what it says) or reminisce about crowded lunch spots with Coffivity. For a laugh, try these soundscape parodies or KFC’s sizzling site.

House tours: Would you rather live in Dakota Johnson’s or J Balvin’s house?

FROM THE CREW

Brew’s Bookshelf

books

Francis Scialabba

If you’re feeling intimidated by all 768 pages of Barack Obama’s new book, A Promised Land, try checking out some other great memoirs instead.

  • Sounds Like Titanic is Jessica Chiccehitto Hindman’s story of touring the world as a fake concert violinist. Beneath her too-crazy-to-believe tale is insightful commentary on gender, the economy, and our love of what is fake. 
  • Eat a Peach shows how David Chang, the culinary icon behind Momofuku, carved a rollercoaster path through the restaurant industry. 
  • Daring: My Passages is the late Gail Sheehy’s recounting of an extraordinary life as a journalist covering major cultural shifts and some of the biggest leaders of the 20th century. 

Find more memoirs and other book recommendations on our Brew’s Bookshelf homepage

GAMES

Three Headlines and a Lie

How good are you at separating fact from fiction? Three of these headlines are real while one is made up. Can you spot the fake? 

  1. "French radio accidentally announces death of 100 of world’s most famous people"
  2. "Man tries to sue Peloton for failing to disclose that its exercise bikes are not roadworthy"
  3. "Dolly Parton partly funded Moderna Covid vaccine research"
  4. "Turkmenistan's authoritarian leader unveils huge golden dog statue in the capital"

SHARE THE BREW

Chances are you have a friend who'd enjoy the Brew as much as you do.

When you share your referral link and new readers sign up, you earn rewards like our classic coffee mug.

Click here to get free swag.

Hit the button below to learn more and access your rewards hub.

Click to Share

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

ANSWER

We made up the Peloton one.

              

Written by Eliza Carter, Toby Howell, and Neal Freyman

Was this email forwarded to you? Sign up here.

WANT MORE BREW?

  Business podcast → Business Casual

ADVERTISE // CAREERS // SHOP

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

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

Older messages

☕️ Amazon's new territory

Wednesday, November 18, 2020

Plus, bitcoin to the moon? November 18, 2020 View Online | Sign Up Daily Brew TOGETHER WITH Athletic Greens Good morning. With Covid-19 hospitalizations on the rise, we want to express our appreciation

☕️ Elon's big news

Tuesday, November 17, 2020

Airbnb hits a major milestone... November 17, 2020 View Online | Sign Up Daily Brew TOGETHER WITH Compare Credit Good morning. Wanna feel old...and a lot of other things? According to Chinese

☕️ Big news

Monday, November 16, 2020

Plotting your holiday movie marathon. Morning Brew View Online | Sign Up TOGETHER WITH Voice Happy Monday, Essentials readers. Well, I guess I won't be able to call you that for long. Earlier this

☕️ Exclusive

Monday, November 16, 2020

Forget chess, Netflix is all in on anime... November 16, 2020 View Online | Sign Up Daily Brew TOGETHER WITH Fidelity Fresh Invest Good morning. DeAndre Hopkins—if you're reading this, nice catch.

☕️ Fore

Sunday, November 15, 2020

Everyone is playing golf these days November 15, 2020 Light Roast SPONSORED BY E*TRADE Good morning. The Brew? On a Sunday? What's the occasion? Every now and then we send our exclusive Sunday

You Might Also Like

Surprise! People don't want AI deciding who gets a kidney transplant and who dies or endures years of misery [Mon Mar 10 2025]

Monday, March 10, 2025

Hi The Register Subscriber | Log in The Register Daily Headlines 10 March 2025 AI Surprise! People don't want AI deciding who gets a kidney transplant and who dies or endures years of misery

How to Keep Providing Gender-Affirming Care Despite Anti-Trans Attacks

Sunday, March 9, 2025

Using lessons learned defending abortion, some providers are digging in to serve their trans patients despite legal attacks. Most Read Columbia Bent Over Backward to Appease Right-Wing, Pro-Israel

Guest Newsletter: Five Books

Sunday, March 9, 2025

Five Books features in-depth author interviews recommending five books on a theme Guest Newsletter: Five Books By Sylvia Bishop • 9 Mar 2025 View in browser View in browser Five Books features in-depth

GeekWire's Most-Read Stories of the Week

Sunday, March 9, 2025

Catch up on the top tech stories from this past week. Here are the headlines that people have been reading on GeekWire. ADVERTISEMENT GeekWire SPONSOR MESSAGE: Revisit defining moments, explore new

10 Things That Delighted Us Last Week: From Seafoam-Green Tights to June Squibb’s Laundry Basket

Sunday, March 9, 2025

Plus: Half off CosRx's Snail Mucin Essence (today only!) The Strategist Logo Every product is independently selected by editors. If you buy something through our links, New York may earn an

🥣 Cereal Of The Damned 😈

Sunday, March 9, 2025

Wall Street corrupts an affordable housing program, hopeful parents lose embryos, dangers lurk in your pantry, and more from The Lever this week. 🥣 Cereal Of The Damned 😈 By The Lever • 9 Mar 2025 View

The Sunday — March 9

Sunday, March 9, 2025

This is the Tangle Sunday Edition, a brief roundup of our independent politics coverage plus some extra features for your Sunday morning reading. What the right is doodling. Steve Kelley | Creators

☕ Chance of clouds

Sunday, March 9, 2025

What is the future of weather forecasting? March 09, 2025 View Online | Sign Up | Shop Morning Brew Presented By Fatty15 Takashi Aoyama/Getty Images BROWSING Classifieds banner image The wackiest

Federal Leakers, Egg Investigations, and the Toughest Tongue Twister

Sunday, March 9, 2025

Homeland Security Secretary Kristi Noem said Friday that DHS has identified two “criminal leakers” within its ranks and will refer them to the Department of Justice for felony prosecutions. ͏ ‌ ͏ ‌ ͏ ‌

Strategic Bitcoin Reserve And Digital Asset Stockpile | White House Crypto Summit

Saturday, March 8, 2025

Trump's new executive order mandates a comprehensive accounting of federal digital asset holdings. Forbes START INVESTING • Newsletters • MyForbes Presented by Nina Bambysheva Staff Writer, Forbes