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Your Daily BriefMarch 8th, 2022 |
Good morning, and happy Wednesday! Across the pond in central England, archeologists have uncovered an ancient Roman shrine containing pottery and coins beneath a former graveyard on the grounds of Leicester Cathedral. All these recent discoveries are enough to make you wonder what else might be waiting to be unearthed all around us. If anyone digs up gold in their backyard, you’re welcome for the inspiration!
In Today’s Brief
- Philippines: Oil spill hits fishing villages
- The Fed: Signals higher rate hikes
- Aaron Rodgers: In talks with NY Jets
- Meta: More layoffs planned
...and more
Top Tips
Americans found in Mexico
Two of the four Americans kidnapped in Mexico on Friday were found alive while the other two were found dead.
The state of the four individuals who were kidnapped was confirmed by Tamaulipas Governor Americo Villarreal on a phone call with Mexican President Andres Manuel Lopez Obrador that was played during a news conference. After crossing into the Mexican state of Tamaulipas from Brownsville, Texas, their minivan was attacked by a group of armed men, who shot at it before dragging the four individuals out and loading them into a truck.
The four Americans–identified as Latavia McGee, Shaheed Woodard, Zindell Brown, and Eric James Williams–reportedly traveled to Mexico for McGee to get cosmetic surgery, and the two survivors were taken to Texas yesterday (it is unclear which of the four survived). Tamaulipas is one of six Mexican states that the U.S. advises Americans to avoid visiting, citing crime and kidnapping.
JetBlue & Spirit merger
The Department of Justice yesterday filed an antitrust lawsuit to block the merger between JetBlue Airways and Spirit Airlines.
Per Attorney General Merrick Garland, the $3.8B deal–which would create the nation’s fifth-largest carrier–would hinder Spirit’s ability to create lower fares in markets served by larger airlines. Therefore, the DOJ argues that passengers would face higher fares and fewer choices. Before the announcement, JetBlue published a press release stating that it is “over 3x as effective at lowering legacy carrier nonstop fares than Spirit” and that the two airlines “primarily compete with other carriers” and not each other.
JetBlue launched a bid for Spirit in May 2022 and urged Spirit’s shareholders to rebuff a deal to merge with Frontier Airlines. In October 2022, Spirit’s shareholders approved the JetBlue merger after the Frontier deal fell apart. JetBlue’s takeover bid includes a $400M break-up fee that would be dispersed to Spirit shareholders if regulators block the deal.
Battle of Bakhmut updates
Western officials said yesterday that between 20K and 30K Russian troops have been killed and wounded in the battle for the Ukrainian city of Bakhmut since it began last summer.
Referring to Bakhmut as the Soviet-era name of “Artyomovsk,” Russian Defense Minister Sergei Shoigu said yesterday during televised remarks that capturing the town would enable Russian forces to push further into Ukraine and seize more ground in the country’s Donbas region. The same day, Ukrainian President Volodymyr Zelensky said that he and Ukraine’s other senior leaders “unanimously supported” continuing to defend the city.
Yevgeny Prigozhin–the head of Russia’s Wagner mercenary group which has been spearheading Russia’s offensive in Bakhmut –said on Friday that his forces had the city “practically surrounded.” However, Prigozhin said yesterday that he needed Russia’s regular army to supply his group with more ammunition, reinforcements, and cover support in order to secure a victory.
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Quick Tips
Around the Globe
- An oil spill from a tanker that sank off the coast of the Philippines last week has caused dozens of residents in fishing villages to fall ill after the oil reached the shore; residents have reported experiencing cramps, dizziness, and vomiting (More)
- U.S. Defense Secretary Lloyd Austin said U.S. troops are ready to remain in Iraq and continue to fight against ISIS during an unannounced trip to the country yesterday (More)
- Damage caused by last month’s earthquakes in Turkey will exceed $100B, according to recent estimates from a United Nations Development Program official (More)
On the Homefront
- The Federal Reserve may increase the size of interest rate hikes and raise borrowing costs to higher levels than it had previously projected, according to remarks Fed Chair Jerome Powell made to a Senate panel yesterday (More)
- California Governor Gavin Newsom says the state will not do business with Walgreens days after the company said it would not dispense the abortion pill Mifepristone in 20 states; Walgreens later issued a statement saying it would “dispense this medication consistent with federal and state laws” (More)
- Senators introduced bipartisan legislation that would grant the U.S. Commerce Secretary the power to ban TikTok on personal devices to protect national security; the bill’s introduction was led by Senators Mark Warner and John Thune (More)
Glitz & Games
- HBO’s ‘Barry’ will end after its fourth season which premieres next month, series co-creator and lead actor Bill Hader confirms (More)
- Aaron Rodgers is reportedly in talks with the New York Jets regarding potentially being traded from the Green Bay Packers (More)
- Former ‘Boy Meets World’ actor Ben Savage is running for Congress in a Los Angeles-area district, according to an Instagram post in which he announced his campaign (More)
Business & Markets
- Major indexes in the stock market closed lower after Fed Chair Jerome Powell’s remarks on potential higher interest rates (Dow -1.72%, Nasdaq -1.25%, S&P 500 -1.53%)
- Meta plans to cut thousands of jobs as soon as this week in a new round of layoffs, according to a report from Bloomberg; Meta previously trimmed its workforce by 13% in November 2022 when it slashed 11K roles at the company (More)
- Salesforce introduced a ChatGPT app for the business communication tool Slack, according to a joint announcement from Salesforce and ChatGPT parent company OpenAI (More)
Tips & Tricks
- Feel Good: Meet Danielle MacDuff, a Canadian farm owner who spontaneously offered a homeless man a job and helped him go from living in a shed to getting back on his feet after the two struck up a short conversation (this is your daily reminder to never underestimate the power of kindness!)
- Sneak Peek: Get your adrenaline pumping with the final trailer for Scream VI, due to hit theaters on Friday (what’s with all these scary movies not coming out around Halloween?)
- Bump This: American Idol contestant Benson Boone will get your bootheels thumping in his new single “Sugar Sweet” - listen on Apple Music, Spotify, and YouTube
- Nerd Out: In a move that may delight–or repulse–watch aficionados, Omega and Swatch released a limited edition gold MoonSwatch only available for one day in select cities; the release comes after Swatch confirmed that it sold over 1M units of the collaboration piece in 2022
- Go Deep: Read about a new study that found why it may be beneficial to think about your ex to a certain degree…and how it may actually benefit the current relationship you’re in
- Hot Goss: A Twitter employee had to resort to tweeting Elon Musk about whether he was fired or not after being locked out of the company’s systems…and the two ended up engaging in a public conversation about it
- Life Hack: More than simply quitting cold turkey, a true sugar detox is about learning what causes your body to crave it in the first place so you can make long-lasting changes - here are six steps to help you quit sugar and keep the cravings away for good
Tip-Offs
How much $1M can buy in the world’s prime property markets.
One day in the life of an NYC subway conductor.
A beach volleyball Olympian’s thoughts on how to be happy.
The Big Lebowski’s journey from bomb to cult classic.
Peering through the trees of California’s Point Lobos State Park.
…and a close-up video of a male lion sneezing.
Examining whether AI can ever truly become conscious.
The new trend in architecture: homes made of recycled materials.
Looking Back…
On March 8th: Malaysia Airlines flight 370 disappears during a flight from Kuala Lumpur to Beijing (2014); the New York Stock Exchange is formally created (1817); Joe Frazier retains his world heavyweight championship by defeating Muhammad Ali at Madison Square Garden (1971); painter Anselm Kiefer is born (1945).
Save money and headaches
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Say goodbye to the afternoon slump with a low-caffeine tea that won’t affect your sleep quality. Get a quick and effective energy boost from this blend of organic oolong and white tea plus superfoods. Try NoonBrew today and experience why everyone loves it.
Question of the Day
Are you inclined to visit Mexico anytime soon?
Yes - it’s fine if you visit places with lots of tourists
No - there are too many bad things happening
Yesterday's Results
Which is the more classic American band from the 1970s?
The Eagles (69%)
Lynyrd Skynyrd (31%)
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