Tip News Daily Brief

Your Daily Brief

November 7th, 2023

Good morning, and happy Tuesday! It is Election Day across the United States. We are still a year away from the next federal election, but that does not mean voters will not face important choices with key ballot measures being decided in several states. We will keep you posted on the results!

In Today’s Brief

South Korea: Launching spy satellite
DeSantis: Endorsed by Iowa governor
FX: Renews popular Hulu series
Starbucks: Baristas get pay bump

...and more

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Top Tips

Trump testifies in civil case

Former President Donald Trump took the stand in his New York civil fraud trial yesterday, clashing with the judge during several hours of contentious testimony.

State Supreme Court Judge Arthur Engoron threatened to dismiss Trump at one point, telling him to answer questions rather than launch into speeches similar to his campaign rallies. Engoron also asked Trump’s attorney, Christopher Kise, to control Trump’s behavior. Trump dismissed the allegations levied by New York Attorney General Leticia James and called the trial a witch hunt.

James, who was present in the courtroom, is suing Trump for $250M and seeking to bar him from doing business in the state. Trump was pressed on the valuation of his real estate holdings by prosecutors, who argued he inflated the value of assets like Trump Tower to obtain better rates from banks. Trump conceded his Trump Organization made valuation errors, but blamed banks for a lack of due diligence.

Putin to run again

Russia President Vladimir Putin is expected to seek reelection next March, a move that will allow him to hold power until at least 2030. Russian presidents are elected to six-year terms and Putin is unlikely to face a serious challenge.

Putin’s approval rating is 80% despite Russia’s war with Ukraine and a coup attempt by now-deceased mercenary leader Yevgeny Prigozhin in June. Putin benefits from the support of state media while almost all public dissent is stifled. His chief political rival, opposition leader Alexei Navalny, is serving a decades-long prison sentence after a series of convictions that have been widely criticized by the world community.

Putin, 71, has served as Russia’s president or prime minister since 1999. He has been president since 2012. He was originally restricted to two consecutive presidential terms, but a 2020 referendum allows him to run next year and again in 2030.

Israel continues war in Gaza

Israel said its military forces encircled Gaza City as it continues its war against Hamas. The move effectively splits Gaza in half; Israeli officials say it will make it more difficult for the militant group to control the enclave.

U.S. Secretary of State Antony Blinken completed a sprint through the Middle East, meeting with Turkey yesterday following visits with Iraq, Jordan and Palestine as President Joe Biden and his administration try to prevent a larger regional conflict. Biden discussed tactical pauses in fighting with Israel Prime Minister Benjamin Netanyahu yesterday, but stopped short of calling for a ceasefire despite increasing domestic and foreign pressure.

Blinken said the U.S. is working with Israel on the logistics of such pauses. Over 10K people have lost their lives since fighting began, according to Gaza’s Ministry of Health. Jordan air-dropped medical aid to a Gaza field hospital yesterday; prior aid has been trucked in over the enclave’s border with Egypt.

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Quick Tips

Around the Globe

South Korea will launch its first spy satellite at the end of the month; it has previously relied on U.S. satellites to monitor neighboring North Korea’s nuclear program (More)
India’s capital of New Delhi is battling heavy smog; the air pollution has closed schools and caused delays to the Cricket World Cup schedule (More)
Climate activists took hammers to the famed Rokeby Venus painting during a protest at London’s National Gallery; the 17th Century artwork is valued at $90M (More)

On the Homefront

Iowa Gov. Kim Reynolds endorsed Florida Gov. Ron DeSantis for president; January’s Iowa Caucuses will be the first Republican primary contest (More)
The U.S. Army has been asked to provide an accounting of its interactions with Maine shooter Robert Card; the reservist killed 18 and injured 13 before taking his own life (More)
The EPA will investigate a chemical found in tires that Native American tribes allege is fatal to salmon; rainwater may carry the toxin from roads and into rivers (More)

Glitz & Games

In partnership with The Brothers Apothecary

FX announced it has renewed Hulu series The Bear; the Jeremy Allen White-led dramedy about a Chicago restaurant is expected to launch its third season in 2024 (More)
Disney has named Hugh Johnston its new CFO and senior executive VP; he is currently PepsiCo’s CFO and will start in December (More)
Fenway Sports Group confirmed recent talks with the PGA Tour, sparking new speculation about the golf organization’s pending deal with Saudi Arabia-backed LIV Golf (More)

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Business & Markets

Major indexes in the stock market continued last week’s positive momentum and closed higher than Friday, albeit with modest gains (Dow +0.10%, Nasdaq +0.30%, S&P 500 +0.20%)
All Starbucks employees will receive pay raises in January; the coffee chain announced it plans to double workers’ hourly wages over the next two years (More)
Bumble CEO Whitney Wolfe Herd will step down at the end of the year; the dating app had a $20B market cap at its 2021 IPO but has since fallen to under $2B (More)

Tips & Tricks

Feel Good: A sheep stranded on a remote seaside cliff in Scotland for two years was saved; a group of local farmers organized the risky rescue mission last weekend
Inside Look: Spotify’s new royalty model is the subject of immense speculation; here is an early analysis of what it will mean for artists
Sneak Peek: Check out the trailer for The Family Plan, starring Mark Wahlberg as a minivan-driving suburban dad forced to take his family on a wild Las Vegas road trip after his past as an elite assassin is exposed
Be Safe: Double-check before you give your kid their favorite snack; the U.S. Food and Drug Administration has recalled certain applesauce and fruit puree products
Nerd Out: If you are entertained and fascinated by the many different ways people seem to pronounce the letter R, you are not alone – linguists are diving deep into the matter with plenty of thoughts
Go Green: A French company has developed genetically-enhanced houseplants that absorb 30 times more air pollutants; the plants also require less water to maintain
Life Hack: While it is impossible to turn back time, scientists do believe healthy habits can allow our bodies to be younger than we are – here are eight tips to slow down biological aging

Tip-Offs

The labrador’s long reign as America’s favorite dog has ended.

Late comedian Robin Williams’ Bay Area mansion is for sale.

Nature is being brought to urban areas via spectacular murals.

… and new rankings list the most and least charitable states.

See a slew of college hoops predictions as the season tips off.

Scientists believe an ancient planet’s remnants lie inside Earth.

Check out these off-beat spots if you find yourself in London.

… and find out whether green beans are a fruit or vegetable.

Looking Back…

On November 7th: Montana’s Jeannette Rankin is the first woman elected to the U.S. Congress (1916); the Museum of Modern Art opens in New York (1929); Magic Johnson announces he is HIV-positive and retires from professional basketball (1991); singer and songwriter Lorde is born in New Zealand (1996).

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