Would you buy Facebook smart glasses?
September 10, 2021 [View Online]( | [Sign Up]( [Daily Brew]( TOGETHER WITH [Gryphon]( Good morning. 37. Thatâs the combined age of the tennis players who will compete in the US Open womenâs final on Saturday, after 19-year-old Leylah Fernandez of Canada and 18-year-old Emma Raducanu of Britain continued their magical runs with semifinal wins last night. How improbable is this matchup? - Raducanu is ranked 150th in the world, and booked a flight home for immediately after the qualifying rounds, expecting to not make it further than that.
- Fernandez, ranked 73rd, beat defending champ Naomi Osaka and then toppled No. 2 Aryna Sabalenka last night. Make sure you tune in tomorrow for what will certainly be the most fun tennis match youâve seen in a while. âMatty Merritt, Sherry Qin, Neal Freyman MARKETS Nasdaq 15,248.25 -0.25% S&P 4,493.28 -0.46% Dow 34,879.38 -0.43% Bitcoin $46,334.27 +0.34% 10-Year 1.303% -4.1 bps Moderna $455.92 +7.81% *Stock data as of market close, cryptocurrency data as of 5:00pm ET. [Here's what these numbers mean](. - Markets: Make that [four straight days]( of losses for the Dow and the S&P 500. But Moderna stock popped after it said it was working on a 2-in-1 vaccine that would protect against Covid-19 and the flu. And itâs a conditioner.
- Economy: In a sign of the labor marketâs recovery from the depths of the pandemic, jobless claims [fell]( to a nearly 18-month low of 310,000. The data implies that slower job growth is being limited by a shortage of workers, not a lack of demand for them. Markets Sponsored by Fidelity InvestmentsDiscover what to know when investing today in the second season of Fresh Invest, our podcast with Fidelity. [Listen now](. COVID [Biden's Over Delta](
[Joe Biden saying "Talk is cheap"]( Giphy To squash the spread of Covid-19, President Biden dialed up a plan that's âmom came home and found an empty Bud Light can under your bedâ-level serious. The president [announced]( yesterday that all businesses with 100 or more workers will need to mandate vaccines or administer weekly tests for employees, potentially affecting 80 million US workers. If employers donât comply, companies could receive fines of up to $14k per violation. Those rules were part of a speech in which Biden laid out an agressive approach to finally kick the now 18-month-long Covid-19 pandemic. Hereâs the abridged version of those efforts 1. Vaccine mandates: One new rule would require large businesses to give employees PTO in order to get vaccinated. And Bidenâs not just taking aim at the private sectorâall federal workers will need to get vaccinated within 75 days or face losing their jobs. But unlike private sector employees, government employees wonât be able to opt for regular testing in lieu of getting vaccinated. 2. Keeping schools open: The administration said it would beef up free Covid testing around the country and increase the supply of home tests in an attempt to protect children returning to school in person. - Almost 30,000 children were hospitalized with Covid in August, the most ever reported to date, according to government health data. 3. Booster shot update: The administration said Pfizer booster shots will be ready as soon as Sept. 20. That news comes a day after the head of the World Health Organization [asked]( rich countries to cool it with the third dose talk until the end of the year to make more doses available for lower-income countries with lower immunization rates. Zoom out: Congressional Republicans are slamming Bidenâs plan as government overreach, and it's also bound to face legal challenges. Biden's response? The government has tried everything else to convince more Americans to get vaccinated, and it hasn't worked. "We've been patient. But our patience is wearing thin, and your refusal has cost all of us," he said.    mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=Biden%E2%80%99s%20New%20Vaccine%20Mandate%20Could%20Affect%2080%20Million%20US%20Workers%3A%20https%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fstories%2F2021%2F09%2F09%2Fbidens-new-vaccine-mandate-affect-80-million-us-workers%0A%0AWant%20more%20great%20content%3F%20Subscribe%20to%20Daily%20Brew%20%E2%80%94%20Delivering%20the%20latest%20business%20news%20from%20Wall%20St.%20to%20Silicon%20Valley%2C%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3Da905682a%26utm_source%3Demail_share%0A TECH [Facebook, but for Your Face](
[Facebook's Ray-Ban Smart Glasses]( Facebook A brief history of smart glasses: - Google Glass:
- Snap Spectacles: (so far)
- Facebookâs âRay-Ban Storiesâ: We're about to find out. Facebook [launched]( its first-ever line of smart glasses in partnership with Ray-Ban yesterday. The glasses, which start at $299, contain tiny microphones, cameras, and speakers to keep âem stylish. With the glasses, you can... - Listen to music and podcasts and make calls.
- Take videos and photos using just your voice...then, of course, upload them to the Facebook social media platform of your choice. What about privacy? For these smart glasses to gain traction, Facebook will have to convince consumers that theyâre not unwitting characters in an episode of Black Mirror. The company, which has been criticized for its mishandling of user data, said that the glasses wonât be used to serve ads and wonât access content without permission. The glasses also feature a (very small) front-facing light that alerts others when the camera is recording. Bottom line: Just as Apple popularized the smartphone, Facebook wants to popularize whatever device will succeed it. To that end, Zuck has [more than 10,000 people]( working on consumer hardware for Facebook. Â Â Â mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=Facebook%20Launches%20Smart%20Glasses%20With%20Ray-Ban%3A%20https%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fstories%2F2021%2F09%2F09%2Ffacebook-launches-smart-glasses-rayban%0A%0AWant%20more%20great%20content%3F%20Subscribe%20to%20Daily%20Brew%20%E2%80%94%20Delivering%20the%20latest%20business%20news%20from%20Wall%20St.%20to%20Silicon%20Valley%2C%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3Da905682a%26utm_source%3Demail_share%0A MARKETS [It's Electric: The Stock Market After 9/11]( Leading up to the anniversary of the September 11 attacks this Saturday, weâll feature stories that explore the economic impact of 9/11, 20 years later. For the final installment in the series, weâre going back to our roots and discussing 9/11âs impact on the stock market. The attacks on NYCâs World Trade Center struck the US financial industryâs central nervous system, where only blocks away from the towers thousands of traders bought and sold stocks at the New York Stock Exchange. Following the attacks, the US stock market [closed for four trading days](, the longest shutdown since the Great Depression. The week trading returned, beginning September 17, was disastrous. The S&P 500 plummeted more than 14% that week, wiping $1.4 trillion off the marketâs value. Gold, considered a safe-haven asset, spiked, as did oil. These days, the stock market [looks a lot different](, writes the WSJ: - With trading mostly done electronically, only a handful of traders work the floor of the NYSE. And most of the critical infrastructure is housed in New Jersey data centers.
- Stocks are traded on more exchanges than just the NYC-based NYSE and the Nasdaq, providing a backstop in case things go haywire in New York. But that doesnât mean things are safer. Because of the digitization of trading, experts worry that a major cyberattack could be equallyâif not moreâdevastating for the stock market than September 11, 2001. âThat is todayâs equivalent of a 9/11 attack. There is a potential âblack swanâ event every single day,â former SEC Chair Harvey Pitt told the WSJ.    mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=It%27s%20Electric%3A%20The%20Stock%20Market%20After%209%2F11%3A%20https%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fstories%2F2021%2F09%2F09%2Felectric-stock-market-911%0A%0AWant%20more%20great%20content%3F%20Subscribe%20to%20Daily%20Brew%20%E2%80%94%20Delivering%20the%20latest%20business%20news%20from%20Wall%20St.%20to%20Silicon%20Valley%2C%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3Da905682a%26utm_source%3Demail_share%0A SPONSORED BY GRYPHON [Get In, Friends, Weâre Preventing Cyberattacks](#)
[Gryphon]( Today isnât any old Friday, folks. Itâs the last day you can invest in [Gryphon](, a patented solution leading the fight to protect homes and small businesses from swelling cyber threats. Between the SolarWinds, Microsoft, and Colonial Pipeline hacks, itâs pretty clear lots of networks out there could use some tightening up. With 12 connected devices in the average household, the global number of connected devices is expected to grow to 74 billion by 2025âabout 70% of which are vulnerable to hacks. This, combined with millions of people working remotely, means threats have never been greater and closer to home. Plus, thereâs gold to be mined for those who do the tightening up; did you know the global cybersecurity industry could grow to $270 billion? You can get in on that by joining [Gryphon](âtheyâve blocked over 9 million threats across hundreds of thousands of connected devices since launching in 2018. Gryphon also has an experienced, savvy teamâcofounder and CEO John Wu was one of the inventors of the MiFi mobile hotspot. [Invest in Gryphon today, and you can start calling yourself a crimefighter](. The opportunity closes tonight at midnight EST. GRAB BAG [Key Performance Indicators]( Stat: The top 1% of Americans have failed to pay more than [$160 billion]( in owed taxes per year, according to the Treasury Department. The Biden administration is trying to beef up the IRSâs capabilities to crack down on tax evaders with a plan to spend $80 billion on tax enforcement over the next 10 years; Republicans are skeptical that the money will be put to good use. Quote: âI want a labor market so tight that you donât even have to cover up your tattoos to get a job. I want employers camped out in front of my office begging for my help in how to hire people getting out of federal prison.â US Rep. Brad Sherman of California told the WSJ in colorful terms why he [supports]( the reappointment of Fed Chair Jerome Powell. Read: Will we ever get a clear idea about what we should eat? ([Aeon]()    mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=Key%20Performance%20Indicators%3A%20September%2010%3A%20https%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fstories%2F2021%2F09%2F09%2Fkey-performance-indicators-september-10%0A%0AWant%20more%20great%20content%3F%20Subscribe%20to%20Daily%20Brew%20%E2%80%94%20Delivering%20the%20latest%20business%20news%20from%20Wall%20St.%20to%20Silicon%20Valley%2C%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3Da905682a%26utm_source%3Demail_share%0A FOOD AND BEV [Jamie Dimon Wants to Recommend Your Next Date Spot](
[restaurant industry ] [Needpix]( Two powerful forces driving food spendingâthe Chase credit card suite and the restaurant review platform the Infatuationâare becoming one. JPMorgan [said]( yesterday it was buying the Infatuation and all its websites and apps, including the restaurant review app Zagat, in an unusual expansion into publishing. - The Infatuation has been helping diners find the best Pad Thai in their neighborhood since its founding in 2009. It has a presence in 50 cities globally, and also hosts the food festival EEEEEATSCON. Why it matters: You donât need us to tell you banks donât typically buy media companies. But JPMorgan wants to lock in foodies and travel enthusiasts who are on a spending spree as they emerge from Covid. Despite the recent Delta-fueled wave, sales at restaurants and bars [increased 1.7%]( in July. And the number of travelers at US airports this summer was triple what it was a year ago. Bottom line: While this type of deal is rare, it isn't ~unprecedented~. In 2019, American Express acquired Resy, the restaurant reservation platform, in a bid to hold onto its card members amid fierce competition from other credit-card issuers.    mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=JPMorgan%20Says%20It%20will%20to%20Buy%20Restaurant-Discovery%20Service%20the%20Infatuation%3A%20https%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fstories%2F2021%2F09%2F09%2Fjpmorgan-says-will-buy-restaurantdiscovery-service-infatuation%0A%0AWant%20more%20great%20content%3F%20Subscribe%20to%20Daily%20Brew%20%E2%80%94%20Delivering%20the%20latest%20business%20news%20from%20Wall%20St.%20to%20Silicon%20Valley%2C%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3Da905682a%26utm_source%3Demail_share%0A QUIZ [Certified Lover Quiz](#)
[Weekly news quiz]( Getting a 5/5 on the Brewâs Weekly News Quiz has been compared to waking up five minutes before your alarm goes off. Itâs that satisfying. [Ace the quiz](. WHAT ELSE IS BREWING - [The DOJ]( sued Texas, challenging its new law that bans nearly all abortions in the state.
- [Los Angeles]( became the largest school district in the US to mandate vaccinations for students 12 and over.
- [Microsoft]( indefinitely postponed its return to office in the US.
- [101 NFTs]( from Bored Ape Yacht Club collectively sold at Sothebyâs for $24.4 million, one of the biggest ever sales in the space. SPONSORED BY FIDELITY INVESTMENTS Discover what to know when investing today in the second season of Fresh Invest, our podcast with Fidelity. [Listen now](. BREW'S BETS We donât use the phrase âwhopping valueâ often. But when we do, itâs for [a card like this]( that lets you earn unlimited 1.5% cash back on every purchase. That can mean a, drumroll please, whopping value of up to $607. [Get the card here](.* Kick your dogâs kibble habit. Try a fresh approach to their diet with [The Farmerâs Dog](. Unlike highly processed kibble, their complete and balanced food is made with fresh meat and veggies. Plus it's delivered to your door, so itâs great for dogs and their owners. [Get 50% off your first box](.* Welcome to the MOBA: The Museum of Bad Art, aka the place to find âart too bad to be ignored.â [Check out the truly awful collections](. Follow Friday: Hereâs a [looooong thread]( of YouTube channels people are loving. Best college sandwich shops: Whether youâre a student in need of a quick lunch, or a regular person heading to a football game, you wonât go hungry with this list of [60 of the best sandwich spots]( on major college campuses. *This is sponsored advertising content GAMES [Friday Puzzle](#) Here's a fun challenge: Match each letter with a different digit to make the equation work. M is not zero. [Send + more = money] SHARE THE BREW We think you should [share the Brew.]( Not only is it a smart thing to do for your friends, itâs also the smartest way to get showered in free Brew swag and exclusive content. Your referral count: 0 [Click to Share]( Or copy & paste your referral link to others:
[morningbrew.com/daily/r/?kid=a905682a]( ANSWER SEND + MORE = 9567 + 1085 = 10652. â³ï¸ A Note From Fidelity Investments Investing involves risk, including risk of loss. Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917             Written by [Matty Merritt](, [Neal Freyman](, and [Sherry Qin]( Was this email forwarded to you? Sign up [here](. WANT MORE BREW?  Retail newsletter â [Retail Brew](  Tech newsletter â [Emerging Tech Brew](  Marketing newsletter â [Marketing Brew](  Recommendations newsletter â [Sidekick](  Business podcasts â [Business Casual]( and [Founder's Journal]( [ADVERTISE]( // [CAREERS]( // [SHOP]( // [FAQ]( Update your email preferences or unsubscribe [here](.
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