Your Daily Brief

September 29th, 2022

Good morning, and welcome to your Thursday! You’ve probably heard that there are a million ways to skin a cat, but did you know there are 100 ways to cook an egg? Learning that was pretty cool…and to make it even cooler, the traditional chef’s toque apparently had 100 folds to symbolize the mastery of cooking 100 egg dishes! Anyways, while you unfold that information, here’s what we have for you:

In Today’s Brief

  • Nepal: Body of ski mountaineer Hilaree Nelson recovered in the Himalayas
  • DocuSign: Laying off 9% of its workforce
  • LeBron James: Buys Major League Pickleball team along with other investors
  • Biogen: Stock rises over 40% after new Alzheimer's drug study posts results
  • Airbnb: Lists a Hocus Pocus replica house in Salem, Massachusetts
  • Top Tips: Hurricane Ian hits Florida as a Category 4; U.S. will provide Ukraine with an additional $1.1B in military aid; Aaron Judge ties Roger Maris’ record of 61 single-season home runs
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Hurricane Ian makes landfall in Florida as a Category 4 storm

According to the National Hurricane Center, Hurricane Ian made landfall yesterday along the southwestern coast of Florida near Cayo Costa as a Category 4 storm.

Ian’s landfall in Florida comes one day after the storm left the entire country of Cuba without power as a then-classified Category 3. In addition to activating 42,000 linemen, 7,000 National Guard troops, and urban search and rescue teams to aid with relief efforts, Florida Governor Ron DeSantis placed over 2.5M Floridians under mandatory evacuation orders prior to Ian’s arrival, though legally, no residents can be forced to leave their homes. As of last night, Ian had left at least 1M people in Florida without power.

The National Hurricane Center (NHC) defines a Category 4 storm as one with sustained wind speeds between 130-156 mph. When a Category 4 hits a particular area, the NHC says that power outages “will last weeks to possibly months,” and that “most of the area will be uninhabitable for weeks or months.”

Biden administration announces $1.1B more in military aid for Ukraine

The Department of Defense announced that it will provide an additional $1.1B in security assistance to Ukraine as it continues its counter against Russian forces.

According to a press release from the DoD, the latest package is being provided under the Ukraine Security Assistance Initiative (USAI) and brings the total of U.S. aid to Ukraine to approximately $16.9B since January 2021. Per the statement, the new military package includes 18 High Mobility Artillery Rocket Systems (HIMARS) and associated ammunition, 150 Armored High Mobility Multipurpose Wheeled Vehicles (HMMWVs); 150 Tactical Vehicles to tow weapons, various types of counter-drone and radar systems, body armor, funding for training and technical support, and more.

The package’s announcement comes amid Russia’s move to annex parts of Russian-occupied Ukraine that held Kremlin-orchestrated referendums and Russian President Vladimir Putin’s call for partial military mobilization of about 300,000 troops.

Aaron Judge ties Roger Maris’ record of 61 home runs in a single season

New York Yankees outfielder Aaron Judge has tied Roger Maris’ American League record of 61 home runs in a single season.

Judge, 30, hit his 61st home run of the season against Toronto Blue Jays’ left-hand pitcher Tim Mayza at the top of the seventh inning in last night's game. Maris set the American League record for 61 home runs in the 1961 season, and until last night, it had yet to be matched. Judge’s feat comes about one week after he tied Babe Ruth’s then-record of 60 home runs in 1927. Of the top five players who have hit the most single-season home runs in the American League–Roger Maris, Aaron Judge, Babe Ruth, Jimmie Foxx, and Hank Greenberg–three of them did so while playing for the New York Yankees (Maris, Judge, and Ruth).

The Yankees have seven more regularly-scheduled games this season before the postseason begins, with the next one against the Baltimore Orioles taking place tomorrow at 7:05 PM ET.

Around the Globe

  • The EU said leaks in the Nord Stream 1 & 2 pipelines from Russia to Europe were caused by sabotage but didn’t explicitly name Russia as responsible; meanwhile, Kremlin spokesman Dmitry Peskov dismissed any accusations of sabotage
  • A search team in Nepal recovered the body of U.S. ski mountaineer Hilaree Nelson from near the summit of Mount Manaslu in the Himalayas; Nelson went missing on Monday while descending the world's eighth highest summit with her partner
  • According to South Korea’s military, North Korea fired two short-range ballistic missiles off its east coast yesterday, one day before U.S. Vice President Kamala Harris is scheduled to arrive in Seoul

On the Homefront

  • Data from the Mortgage Bankers Association shows that the average contract rate on a 30-year fixed-rate mortgage increased by 27 basis points to 6.52% for the week ending on September 23rd, its highest level since August 2008
  • San Francisco-based electronic signature software company DocuSign said in a company announcement that it will lay off 9% of its workforce as part of a restructuring plan that it hopes to complete by the end of the fiscal year 2023
  • Two Brooklyn men were arrested and charged for their roles in allegedly robbing New York City Bishop Lamor Whitehead of around $1M in jewelry during a live-streamed church service in July

Glitz & Games

  • A group of investors led by LeBron James, Draymond Green, and Kevin Love has purchased one of four expansion teams coming to Major League Pickleball next season for an undisclosed amount
  • Journalist Katie Couric, 65, announced through a post on her website that she was diagnosed with breast cancer during a mammogram on June 21 and completed radiation earlier this month; read Couric’s post here
  • Rapper Coolio, known for the 1995 Grammy Award-winning song “Gangsta’s Paradise,” passed away at age 59 at a friend’s house in Los Angeles, according to his manager; the cause of death is still pending at this time

Business & Markets

  • Major indexes in the stock market ended in positive territory as bond yields fell, with the Dow closing up over 540 points (Dow +1.88%, Nasdaq +2.05%, S&P 500 +1.96%)
  • Biogen stock (NASDAQ: BIIB) rose by over 40% during yesterday’s trading session after reporting the results of a study detailing the company's new Alzheimer's drug lecanemab that it created in partnership with Japan’s Eisai; the two companies said the drug reduced cognitive and functional decline by 27% relative to a placebo
  • Apple has told suppliers to scale back efforts to increase assembly of the iPhone 14 product family by as many as 6M units in the second half of this year after an anticipated surge in sales didn’t occur, according to people familiar with the matter

Tip & Tricks

  • Bump This: Australian chart-toppers 5 Seconds of Summer are back with the haunting, stadium-ready anthem “Bad Omens” - listen on Apple Music and Spotify
  • Chow Down: If you’re in the mood for an Italian adventure but don’t want to book crazy expensive plane tickets, check out this recipe for garlic and spinach gnocchi with lemon and pecorino (*chef’s kiss*)
  • Nerd Out: Airbnb is offering guests a chance to stay in a replica of the house from the 1993 Disney film Hocus Pocus; the cottage is located in the woods of Salem, Massachusetts, and will be available for the night of October 20th (the pictures look incredible–just saying)
  • Go Deep: Read about a new catch of fish fossils found in southern China that contain the oldest teeth ever found, dating back between 419 to 443M years ago
  • Say What: “Those things help us be more aggressive in other areas, or, as you mentioned, hold the price on the hot dog and the soda a little longer–forever,” Costo CFO Richard Galanti said in regards to how other areas of the company’s business allow it to maintain the price of its hot dog + soda combination that has cost $1.50 since 1985
  • Hot Goss: Amazon founder Jeff Bezos’ ex-wife Mackenzie Scott has filed for divorce from her second husband Dan Jewett after one year of marriage, according to court documents
  • Life Hack: If you struggle with clutter (as we do), you can keep your space tidier by following the simple mantra of “don’t put it down, put it away” from Marie Kondo herself

Looking Back…

On September 29th: NASA launches Discovery from Cape Canaveral to resume its space shuttle program which had been suspended following the Challenger explosion in 1986 (1988); John G. Roberts, Jr., is sworn in as the 17th chief justice of the U.S. Supreme Court (2005); Willie Mays catches a 460-foot drive from Vic Wertz during Game One of the World Series over his shoulder (1954); American musician Jerry Lee Lewis is born (1935).

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