☕️ Pitbull Stadium

Kamala Harris taps Tim Walz as running mate... August 07, 2024 [View Online]( | [Sign Up]( | [Shop]( [Morning Brew]( PRESENTED BY [SmartAsset]( Good morning. In 2020, when Kamala Harris launched her bid for president, NY-based trademark lawyer Jeremy Green Eche bought the domain HarrisWalz.com for $8.99. The idea, the cyber squatter [told the AP]( was to “grab her name and all the heartland governors I could think of.” His purchase was vindicated yesterday, when Harris selected Minnesota Gov. Tim Walz to be her running mate. He said he’s willing to sell the website for $15,000, which is the same price he sold ClintonKaine.com for after purchasing it in 2011—five years before the 2016 election. And you wouldn’t believe what he got for NixonAgnew.com. —Sam Klebanov, Cassandra Cassidy, Matty Merritt, Adam Epstein, Neal Freyman MARKETS Nasdaq 16,366.85 +1.03% S&P 5,240.03 +1.04% Dow 38,997.66 +0.76% 10-Year 3.888% +10.0 bps Bitcoin $56,548.23 +4.56% Uber $64.87 +10.93% Data is provided by *Stock data as of market close, cryptocurrency data as of 4:00pm ET. [Here's what these numbers mean.]( - Markets: Stocks [seesawed up]( yesterday, making back some of the ground lost to Monday’s sell-off. Analysts say the market could remain volatile until September, when the Fed is widely expected to cut interest rates—barring an emergency cut before then. One of the day’s big winners was Uber, which revved up after smashing Q2 revenue expectations thanks to unexpectedly strong consumer demand.  2024 PRESIDENTIAL ELECTION [Tim waltzes onto Kamala’s ticket]( [Tim Walz and Kamala Harris]( Harnik/Getty Images After a blitz Democratic veepstakes, Vice President Kamala Harris picked Minnesota Gov. Tim Walz to be her [running mate](. The pair held their first joint rally in Philadelphia last night. Walz wasn’t widely known outside of his state until a couple of weeks ago, when he went viral for calling Donald Trump’s running mate, JD Vance, “weird.” The Harris campaign quickly embraced the attack line and it became the North Star of anti-MAGA online discourse. After Walz was announced as Harris’s VP pick, Trump’s campaign fired back, calling him a “dangerously liberal extremist,” with Republicans accusing him of mishandling the civil unrest in Minnesota that followed George Floyd’s murder in 2020. Meanwhile, supporters hope that the 60-year-old military vet and former teacher’s avuncular folksiness and rural Midwestern background could appeal to voters outside Harris’s traditional base. Who’s Walz? The first person on a Democratic presidential ticket since Jimmy Carter who hasn’t attended law school, Walz has an everyman biography unusual for a national politician. In addition to serving in the Army National Guard for 24 years, he worked as a geography teacher and a high-school football coach, before becoming a representative in the House, where he developed a reputation for being moderate. Since becoming governor in 2019, Walz has signed many progressive bills. Under his watch: - Minnesota passed universal free school meals, tightened gun control, codified the right to abortion, and became a refuge state for gender-affirming care for minors. - He allocated state funds for public infrastructure, clean energy, affordable housing construction, and [pro sports venues](. - He also signed a bill granting family and medical leave, and his administration banned non-compete clauses in the state. Shortly after he was officially tapped for the Harris ticket, labor endorsements [trickled in]( including one from United Auto Workers President Shawn Fain. At the same time…Walz can tout that Minnesota has maintained its business-friendly reputation under his governorship, ranking No. 6 in CNBC’s 2024 best states for business list.—SK PRESENTED BY SMARTASSET [The startup disrupting the retirement industry]( [SmartAsset]( This Princeton grad’s startup raised $161m to [help people plan for retirement](. If you’re one of the whopping 110m Americans over age 50—or a wise millennial planning ahead—SmartAsset’s no-cost tool makes it easy to find vetted financial advisors who serve your area. Research suggests that people who work with a financial advisor could end up with about 15% more money to spend in retirement.¹ Kick-start your retirement plans today. [Try SmartAsset’s free quiz]( to get matched with up to three financial advisors serving your area, each legally bound to work in your best interest. It’s never too late to plan to work toward financial freedom. [Get your financial advisor matches today](. WORLD [Tour de headlines](#) [The New York Stock Exchange building]Charly Triballeau/Getty Images A lot of you bought the dip. One day after the S&P 500’s worst session since 2022, stocks got off the schneid and [partially rebounded]( putting fears of a recession on hold. Tuesday started well, with Japan’s Nikkei—which had cratered on Monday—logging its best day since 2008, giving US investors some positive mojo. From there, US stocks, including Magnificent Seven stalwarts like Microsoft and Nvidia, and both major cryptocurrencies, moved up. “Get used to the volatility,” one Bank of America analyst told Bloomberg. The S&P 500 is still up over 10% this year despite this week’s turbulence. Tropical Storm Debby is making its way up the East Coast. [The storm]( which made landfall in Florida as a Category 1 hurricane earlier this week before hitting Georgia and the Carolinas yesterday, has killed at least five people and flooded parts of the Southeast. More than 110,000 Floridians were still without power as of Tuesday, the Washington Post reported. Debby is now expected to crawl north, putting major cities like New York and Philadelphia on watch for potential flash flooding. Elon Musk declared “war” on advertisers. In a lawsuit against an ad industry group and its members, which include CVS Health and Unilever, [X alleged]( that it’s the victim of a “massive advertiser boycott” that unfairly deprived the social media platform of billions of dollars in revenue. Musk, the owner of X who famously told advertisers to “go f*ck yourself” when they cut ties with the company following his antisemitic ramblings, wrote in a post on the platform, “We tried being nice for 2 years and got nothing but empty words. Now, it is war.” In an open letter, X CEO Linda Yaccarino claimed the brand boycott is “illegal.” X is on track to generate $2 billion in ad revenue this year, Axios reported, down from $4.5 billion in its last full year as a public company in 2021. TECH [Google ruling could spark new search engines]( [Google logo]( Stratenschulte/Getty Images After bearing the brunt of jokes for years, DuckDuckGo might soon get its time to shine. A federal judge ruled Monday that Google has a monopoly over the search engine business, creating the potential for curbs to its power that could change how you look up people you just met online. Bing, there it is. Judge Amit Mehta is now [tasked]( with deciding what to do with Google, a process likely to take months, if not years. There’s been no indication what move Mehta will make, but some potential solutions include: - Prohibiting Google from paying billions of dollars to be the default search engine on a device. - Forcing Google to divest the search engine part of the company. - Forcing Google to share its trove of data with other companies, enabling the possibility of a true rival search engine. Some analysts have speculated that Apple could make its own. The [answer]( could also be as simple as requiring that devices prompt users to select their default search engines the first time they go online. Zoom out: Google said it will appeal the ruling, but that’s just on one front. It faces another lawsuit questioning whether it abused its monopoly on online advertising technology.—CC TOGETHER WITH MINT MOBILE [Mint Mobile]( They took what’s wrong with wireless and made it right. Mint Mobile offers [premium wireless at the lowest possible price](. You buy it online, with plans starting at $15 a month. No retail stores, no salespeople—just premium phone plans delivered directly to you. New customers can get a 3-month premium plan from Mint for $15 a month. $45 up-front payment required. SPORTS [Meet me at Pitbull Stadium]( [Pitbull on stage.]( Slitz/Getty Images The man famous for upstaging everyone from Ne-Yo to Christina Aguilera on a party anthem will now have his name emblazoned across a stadium. Florida International University (FIU) [approved]( a deal yesterday giving naming rights to Pitbull for $1.2 million per year for the next five years. Besides the stadium’s new name, the $6 million deal also includes a Pitbull-produced anthem for the school and 12 social posts per year from Mr. 305 himself. Meanwhile, Pitbull will get to use the stadium 10 days every year, and his vodka company, Voli 305, will be the stadium’s preferred distributor. Taylor Swift doesn’t even have a practice field. Pitbull Stadium will be the first college athletics building named after a musician. But FIU is not the first school to hawk naming rights (or at least [to be open to the idea]( for some extra cash. The University of Kentucky, USC, and the University of Washington have all opted to sell naming-rights deals for their stadiums or fields over the last decade. Get used to branding. The NCAA [approved]( a change in June that allows schools to sell corporate advertisements on football fields for regular-season games. The update comes as athletic departments scramble to prepare for the impending [athlete revenue-sharing program]( STAT [Prime number: $600 million for HBCUs](#) [Michael Bloomberg]Bryan Bedder/Getty Images This officially makes up for trying to ban big sodas. Billionaire businessman and former NYC Mayor Michael Bloomberg is donating a record $600 million to four historically black medical schools to reduce racial inequalities in American medicine. That’s on top of the $100 million Bloomy gave to the schools in 2020. [In an op-ed]( for the news outlet that bears his name, Bloomberg argued that increasing the number of black doctors will reduce racial wealth inequality and improve health outcomes for Black Americans. Last month, Bloomberg also gave $1 billion to the med school at his alma mater, Johns Hopkins, to make tuition free for most students. NEWS [What else is brewing](#) - [The EPA]( issued a rare emergency order to ban use of a weedkiller that’s linked to serious health risks for unborn babies. - [Google]( launched its new set-top box, the $100 TV Streamer, and announced it is discontinuing the smaller, cheaper Chromecast. - [Microsoft]( joined CrowdStrike in firing back at Delta, saying the airline turned down its offers to help with the fallout of last month’s massive IT outage. - [Axios]( the news site known for its brevity, laid off 10% of its staff, citing “changes in the media business.” - [Olympics updates]( The US women’s national soccer team beat Germany to advance to Saturday’s gold medal match vs. Brazil. On the track, US sprinter Gabby Thomas won gold in the women’s 200m, while American Cole Hocker shocked the world with a comeback win in the men’s 1500m. Today, medals will be handed out in artistic swimming, men’s skateboarding, and more. RECS [Wednesday to-do list] Get nostalgic: This search engine surfaces web pages from the [early days of the internet](. Write this down: Wirecutter’s guide to buying the [best pen](. Try to relax: Three steps to [reduce the effects]( of stress. Dive into the data: WSJ charts how [going to the movies]( is rapidly changing. Kiss bugs goodbye: Get 80% automated E2E web and mobile app coverage in under four months with [QA Wolf](. With QA cycles complete in minutes (not days), bugs don’t stand a chance. [Schedule a demo]( *A message from our sponsor. GAMES [The puzzle section](#) Word Search: Word Search is the name, and Summer Olympics sports emoji is the game. [Play it here](. Minnesota trivia With Minnesota Gov. Tim Walz tapped as Kamala Harris’s running mate, let’s see how well you know the Land of 10,000 Lakes. Here are five trivia questions about Minnesota: - Minnesota borders the world’s largest freshwater lake. What’s the lake? - Which major American river begins in Lake Itasca in northern Minnesota? - What is the largest employer in Minnesota? (Hint: healthcare) - Which legendary musician, associated with the color purple, pioneered what became known as the “Minneapolis Sound”? - What is the University of Minnesota’s sports mascot? SHARE THE BREW [Share Morning Brew]( with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag. We’re saying we’ll give you free stuff and more friends if you share a link. One link. Your referral count: 0 [Click to Share]( Or copy & paste your referral link to others: [morningbrew.com/daily/r/?kid=4904f90a]( ANSWER - Superior - The Mississippi - Mayo Clinic - Prince - The Golden Gophers Word of the Day Today’s Word of the Day is: avuncular, meaning “friendly, kind, or helpful, like the expected behavior of an uncle.” Thanks to Steve from Fargo, ND, on behalf of uncles everywhere, for the cheery suggestion. Submit another [Word of the Day here](. ✢ A Note From SmartAsset 1. [The Journal of Retirement (winter 2020)](. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of your future results. Please follow the link to see the methodologies employed in [The Journal of Retirement study](. Written by [Adam Epstein]( Sam Klebanov, [Cassandra Cassidy]( [Matty Merritt]( and [Neal Freyman]( Was this email forwarded to you? Sign up [here](. Interested in podcasts? - Check out ours [here]( [ADVERTISE]( // [CAREERS]( // [SHOP]( // [FAQ]( Update your email preferences or unsubscribe [here](. View our privacy policy [here](. Copyright © 2024 Morning Brew. All rights reserved. 22 W 19th St, 4th Floor, New York, NY 10011