Morgan Stanley’s Recovery Outlook | The Richest Of Them All | World's Most Valuable Sports Empires

Good morning.

We look at how America’s top
CEOs and billionaires reacted to the storming of the Capitol. We also explain why Elon Musk is not the world’s richest person—yet—and unfold China’s disturbing history of business leaders disappearing. 

Sofia Lotto Persio

Sofia Lotto Persio

Daily Dozen Curator-In-Chief | Twitter

In The News Today

Boeing will pay $2.51 billion for misleading the government about a feature of its 737 MAX aircraft that played a key role in two crashes that left 346 dead.

China has enforced a lockdown in Shijiazhuang, a city with 11 million residents, that reported 66 new Covid-19 cases on Friday.

Top Take-Aways

The stock market shrugged off the violent attempt to overturn the result of the presidential election as the three main indices once again hit new record highs.

Among the stocks that leapt ahead on Thursday is Tesla, whose
founder Elon Musk’s fortune has skyrocketed in the past year. But he has yet to dethrone Amazon founder Jeff Bezos as the world’s richest person—here’s why.

One share that moved against the market was Las Vegas Sands that closed down 1.25% on Wednesday on the news that founder, chairman and chief executive officer Sheldon Adelson taking a medical leave of absence to resume cancer treatment.

With Democrats in control of Congress and the
new cabinet taking shape, the Biden presidency’s economic plans has Morgan Stanley experts forecasting a full economic recovery by the fourth quarter–but that big spending could spell future inflationary trouble.

There’s been much speculation over the whereabouts of
Alibaba founder Jack Ma, one of China’s richest people. His absence from the public sphere is part of a larger pattern involving other business people who have run afoul of the Chinese government. 

JetBrains was likely one of the biggest tech companies you’d never heard of—until Wednesday, when it was cited in reports saying it was being investigated for
links to the SolarWinds hack. The Prague-based business CEO, Maxim Shafirov, is baffled.

Rihanna’s first investment outside of her own ventures is in
allergy-friendly food brand Partake Foods, whose CEO Denise Woodard is the first woman of color to raise $1 million for a food startup.

The
20 most valuable sports empires have a combined enterprise value of more than $100 billion, led by Liberty Media at No.1 with $13 billion.

Today's Must Read

The storming of the U.S. Capitol building by supporters of President Donald Trump elicited strong condemnation across the country—with several members of Trump’s cabinet resigning—and the world. Not everyone in corporate America spoke out against the insurrection, but these billionaires and top CEOs are among those who did.  

 
Shock And Condemnation: 14 Billionaire Reactions To Wednesday’s Insurrection On Capitol Hill
 
 
 
Shock And Condemnation: 14 Billionaire Reactions To Wednesday’s Insurrection On Capitol Hill

While most of the billionaires who spoke out denounced the violence, not all did — John Catsimatidis, best known for owning grocery chain Gristedes, compared the riots to last summer's Black Lives Matter protests.

Read The Full Story →
 
 
Top CEOs Strongly Condemn Washington Riots And Trump
 
 
 
Top CEOs Strongly Condemn Washington Riots And Trump

 A sample of what some of America’s Just 100 leaders are saying about yesterday’s historic and jarring events.

Here Is What They’re Saying →
 

In Case You Missed It

After their stints at the White House, press secretaries usually go on to make millions taking their skills—and credibility—to corporate America. Forbes Chief Content Officer Randall Lane believes that Trump’s liars don’t merit that same golden parachute, and has a message to anyone planning on offering them a job: “Hire any of Trump’s fellow fabulists above, and Forbes will assume that everything your company or firm talks about is a lie. We’re going to scrutinize, double-check, investigate with the same skepticism we’d approach a Trump tweet. Want to ensure the world’s biggest business media brand approaches you as a potential funnel of disinformation? Then hire away.

Tips You Can Trust

Across Forbes

 
Capitol Hill Mob Accessed Congressional Computer—‘Consider Them All Compromised’
 
 
 

Cybersecurity

Capitol Hill Mob Accessed Congressional Computer—‘Consider Them All Compromised’

Trump supporters may’ve stolen sensitive data from computers and hard drives, as experts warn Capitol Hill cybersecurity was already patchy. If someone wanted to gain access to data on Congressional staff systems, they could do it without having to join a riot, thanks to the gaps in security.

For the latest cybersecurity coverage, click here to instantly sign up for The Wiretap newsletter, sent every Monday.

Find Out More →
 
Inside The Bitter Family Feuds Of America’s Richest Billionaire Families
 
 
 

Features

Inside The Bitter Family Feuds Of America’s Richest Billionaire Families
 

The pandemic has had at least one professional upside: It’s hard to misbehave when you are quarantined. Hard—but not impossible.

Watch
 
 
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Hospitals Ask For More Federal Help

Thursday, January 7, 2021

Plus: Rep. Jake LaTurner positive for Covid-19 after House vote Forbes | Coronavirus Additional cases of the more-contagious strain of Covid-19, variant B.1.1.7 which was first discovered in the UK,

Forbes Diversity & Inclusion Awards | What The New Stimulus Bill Means For Black-Owned Businesses | 4 Inclusive Marketing Trends

Thursday, January 7, 2021

Plus: Forbes Favorites 2020: The Year's Best Diversity & Inclusion Stories Forbes Last year was a year like no other. We collectively experienced unprecedented riots and a global viral outbreak

Your Weekly Forbes Roundup | Mark Zuckerberg Blasts Trump

Thursday, January 7, 2021

Plus: 7 Fast-Growing Industries For Freelancers Forbes Latest From | unfollow You're all caught up this week! Here's another story from this writer. Read The Full Story → Across Forbes Update

Are You Ready For Bacchanalia 2021? Plus: What A Democrat Stock Market Will Look Like

Thursday, January 7, 2021

Plus: The Women Investors That Crushed It In 2020 Forbes | Under 30 Though it might not look like 2021 is off to a good start right now, I'm hopeful that these are just growing pains as we move on

Four Dead, 52 Arrested Amid Pro-Trump Capitol Riots

Thursday, January 7, 2021

Plus: Capitol Hill Mob Accessed Congressional Computers — 'Consider Them All Compromised' Forbes | Topline Four Dead, 52 Arrested Amid Pro-Trump Capitol Riots Four Dead, 52 Arrested Amid Pro-

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