☕ Reporting for duty

Tampa braces for Hurricane Ian... September 28, 2022 [View Online]( | [Sign Up]( | [Shop]( [Morning Brew]( TOGETHER WITH [Droplette]( Good morning. To all our Florida readers, we’re hoping you stay safe as Hurricane Ian makes landfall today. More on the storm’s widespread impacts below. —Abby Rubenstein, Max Knoblauch, Neal Freyman MARKETS Nasdaq 10,829.50 +0.25% S&P 3,647.29 -0.21% Dow 29,134.99 -0.43% 10-Year 3.948% +2.9 bps Bitcoin $19,048.38 -0.35% Apple $151.76 +0.66% *Stock data as of market close, cryptocurrency data as of 10:00pm ET. [Here's what these numbers mean.]( - Markets: You know stocks are in a bear market when they only [slide]( a bit and you’re ready to whip out the ice luge. In a reversal of recent trends, tech helped prop up markets—the Nasdaq was the only major index that closed in the green. - One more market stat to go: American households [lost $9 trillion]( in wealth in the first six months of 2022 due to the stock market plunge, per the Federal Reserve. ENERGY [The mysterious case of the leaking pipelines]( [Fallout from a pipeline leak](Anadolu Agency/Getty Images Something fishy is going on in the Baltic Sea, and it’s not the herring. [Leaks]( in two major pipelines for transporting natural gas from Russia to Europe sent gas gushing into the water yesterday, and multiple European governments quickly pointed to sabotage—pinning the blame either implicitly or explicitly on Russia. - Scandinavian scientists detected two explosions nearby on Monday, and Denmark, Sweden, and Germany have all launched investigations into what exactly went down. - Meanwhile, Russia said it couldn’t rule out sabotage either and that the situation undermined the energy security of the entire European continent. These aren’t just any old pipes Even before the possible sabotage, the pipelines, known as the Nord Stream pipelines, were at the center of a tense energy standoff between Russia and Europe. Russia shut down the Nord Stream 1 pipeline in August, originally citing a need for maintenance before saying that flows would only be resumed if Europe lifted sanctions placed on Russia due to its invasion of Ukraine. Though the leaking pipelines weren’t in operation, they were full—and it could be days before gas stops flowing into the water. So....hope you weren’t planning a Baltic cruise anytime soon. Ships could lose buoyancy if they get too close, and the presence of methane on the sea’s surface means there could be more explosions in the area, according to the chief of Denmark’s energy agency. What does it all mean? In the high-stakes confrontation between Europe and Russia, the suspected sabotage shows that no European energy infrastructure is safe. And because those pipelines won’t be up and running any time soon, the leaks up the chances that the EU will have to make it through the winter without any Russian gas, which it depended on pre-invasion. That’s a BFD: The cutoff of gas flows from Russia could lead to a European economic downturn [worse]( than the global financial crisis of 2007–2008, Bloomberg suggests.—AR �  �  �  mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=The%20mysterious%20case%20of%20the%20leaking%20pipelines%3A%20https%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fstories%2F2022%2F09%2F27%2Fsabotage-nord-stream-pipeline-leaks%3Futm_campaign%3Dmb%26utm_medium%3Dnewsletter%26utm_source%3Dmorning_brew%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%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3Da905682a%26utm_source%3Demail_share%0A TOGETHER WITH DROPLETTE [Get collagen into your skin]( [Droplette]( Collagen makes up 80% of our skin, keeping it firm and hydrated. But collagen breaks down as we age, leading to fine lines and wrinkles. Unfortunately, repairing it isn’t as easy as slapping on a pricey cream. It’s nearly impossible for collagen to penetrate the skin (it's 300x too big to absorb!), which is why MIT scientists invented [Droplette](—the only device that enables collagen to absorb topically, leaving you with plump, hydrated, and dewy skin. Now it’s even more powerful thanks to [Under-Eye Mode](. This new feature allows users to activate a higher pump voltage, *and* you can pair it with Droplette’s Collagen or Tranexamic Eraser capsules for an instant brightening + depuffing effect. [Get $100 off Droplette devices with code BREWBOOST](. �  �  �  WORLD [Tour de headlines](#) [The intersection of Wall Street and Broad Street with an American flag in the background.]Juanmonino/Getty Images Wall Street slapped with $2 billion in fines. The three-martini lunch may dwindle to two after a dozen of the largest finance firms agreed to pay [more than $2 billion]( to settle probes from the SEC and CFTC. Those regulators claimed that the banks failed to adequately manage employee communications on unauthorized messaging channels, like WhatsApp and personal email accounts. Home prices fall for the first time since Taylor Swift released Red. An index tracking US home prices posted a [monthly drop]( in July for the first time since 2012, signaling the end of a decadelong bull market that went absolutely bonkers during Covid. Expensive West Coast metros—San Francisco, Seattle, and San Diego—saw the biggest declines. Alzheimer’s drug shows promise. Lecanemab, an Alzheimer’s drug from Eisai and Biogen, slowed cognitive decline in patients with early Alzheimer’s [by 27%]( over 18 months in a final-phase trial, the companies said yesterday. That rate of decline met the study’s targets and offers hope to the 6 million people in the US with Alzheimer’s that their dementia can be slowed down or delayed. The companies hope lecanemab will fare better commercially than their previous Alzheimer’s drug Aduhelm—which was a total flop. WEATHER [Tampa braces for Ian]( [Map showing Hurricane Ian's projected path](National Hurricane Center After knocking out power in Cuba, Hurricane Ian is expected to make landfall today on the west coast of Florida as an “extremely dangerous major hurricane,” the National Hurricane Center warned. If it stays on its track toward Tampa, it’d be the first major hurricane to strike the city since 1921. And things in Tampa have changed since then. 100 years ago, the population of the Tampa Bay area was 130,000. Now, it’s a sprawling region of 3.2 million, and it’s also emerged as one of the country’s fastest-growing [finance hubs](. (Raymond James Financial and Cathie Wood’s ARK Investments are both headquartered in St. Petersburg.) But densely populated and low-lying Tampa is [susceptible]( to heavy flooding. In the worst-case scenario of damage estimates ($70 billion), Ian would rank as the sixth-costliest hurricane in US history. What else you need to know about Ian preparations: - More than 2 million residents are under evacuation orders. - Schools, retailers, and even Walt Disney World and Universal Studios are closing. - Tampa International Airport is fully closed today, and Orlando’s airport is halting commercial operations at 10:30am ET. - The Tampa Bay Buccaneers home game vs. the Kansas City Chiefs is still on for Monday night, but several college football games have been disrupted.—NF �  �  �  mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=Tampa%20braces%20for%20Ian%3A%20https%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fstories%2F2022%2F09%2F27%2Fian-expected-to-make-landfall-wednesday-as-an-extremely-dangerous-major-hurricane%3Futm_campaign%3Dmb%26utm_medium%3Dnewsletter%26utm_source%3Dmorning_brew%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%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3Da905682a%26utm_source%3Demail_share%0A SPORTS [A not-so-fantasy football draft in Qatar]( [Qatar World Cup stadium](Xinhua News Agency/Getty Images Hundreds of Qatari civilians have been [drafted]( into military service to operate security checkpoints at World Cup stadiums in the Gulf nation, according to Reuters. Since early September, the conscripted force has been training to assist with the tournament as part of their “patriotic duty.” The group has reportedly been training for five days a week, performing marching drills and learning how to frisk fans and uncover contraband like drugs and alcohol. The force even includes diplomats called to return from posts overseas. If getting drafted to pat down soccer fans doesn’t sound like an ideal gig, know that this is just one of several controversies surrounding the tournament ahead of its November start. - In August, Qatar arrested at least 60 foreign workers (deporting some) who protested after going months without pay. - Foreign LGBTQ+ fans have sought assurances that they won’t face prosecution if they attended the tournament, as same-sex relationships are criminalized in the country. - Qatar—where alcohol is strictly controlled—recently announced that Budweiser would be available for purchase ahead of and after (but not during) matches. Bottom line: Qatar needs all the help it can get. 1.2 million visitors are expected to enter the country for the tournament, which is equal to 43% of the country’s entire population of 2.8 million.—MK �  �  �  mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=A%20not-so-fantasy%20football%20draft%20in%20Qatar%3A%20https%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fstories%2FQatar-world-cup-civilian-draft%3Futm_campaign%3Dmb%26utm_medium%3Dnewsletter%26utm_source%3Dmorning_brew%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%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3Da905682a%26utm_source%3Demail_share%0A GRAB BAG [Key performance indicators](#) [John Cena]WWE via Giphy Stat: John Cena has gone from submitting opponents with a Stepover Toehold Facelock to helping kids with life-threatening illnesses fulfill their dreams. The legendary wrestler and actor has been recognized by Guinness World Records as the celeb who’s granted the [most wishes]( through the Make-a-Wish Foundation—and it’s not remotely close. Cena’s granted 650 wishes since 2002; the next person on the list hasn’t granted more than 200. Quote: “Ned Fulmer is no longer working with The Try Guys.” Who is Ned Fulmer? Good question: He’s one of The Try Guys. Who are they? Have patience, we’re just learning all this now. The group, once part of BuzzFeed but now independent YouTube creators who’ve amassed millions of followers for their videos and podcasts, [parted ways]( with Fulmer after rumors swirled that he’d had an extramarital affair with an employee. Fulmer tweeted a statement yesterday afternoon confirming the relationship and apologizing to his wife and fans. Read: Stone skipping is a lost art. Kurt Steiner wants the world to find it. ([Outside]() BREW'S BETS DIY phone cases: You [won’t be prepared]( for the last one. Work smarter: This [website]( has keyboard shortcuts for all your favorite apps. Recession watch: What [Hamburger Helper packages]( reveal about an upcoming downturn. Ahoj learning season: Try out [Babbel](’s bite-sized language lessons this fall + start speaking basic convos in just 3 weeks. For a limited time, [get up to 55% off your subscription](.* That cash-money feeling: [This credit card]( offers a $200 cash sign-up bonus, unlimited cash rewards, a 0% intro APR for 15 months, and, best of all, no annual fee. [Apply today](.* *This is sponsored advertising content. WHAT ELSE IS BREWING - [Nearly 100,000 Russians]( fled to Kazakhstan following the Kremlin’s mobilization order. - [Alex Mashinsky](, the CEO of crypto company Celsius Network, resigned from his position months after it filed for bankruptcy. - [Meta]( said it removed accounts from two separate Chinese and Russian influence campaigns. - [Brooklyn Nets star Kyrie Irving]( said his decision not to be vaccinated for Covid cost him $100 million. - [SiriusXM]( put Brett Favre’s radio show on hold amid an investigation into his alleged involvement in siphoning money from Mississippi welfare funds. GAMES [The puzzle section](#) Picdoku: Talk like an Egyptian in today’s Picdoku. [Play it here](. If you’re hoppy and you know it… And now, a different kind of “brew” trivia. On National Drink Beer Day, we’re asking you to name the home countries of the following beer brands. If you get a 10/10, we owe you a six pack. - Labatt - Hoegaarden - Presidente - Heineken - Sapporo - Mythos - Singha - Kingfisher - Paulaner - Coopers 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=a905682a]( AROUND THE BREW [Julia Haart reveals how she left her insular community to become a CEO]( [Julia Haart reveals how she left her insular community to become a CEO]( At 42, Julia Haart left her insular community to find personal freedom. Despite having no formal education, Julia became a shoe designer and eventually the CEO of Elite World Group. [Listen]( or [watch]( here to learn more about Julia’s journey. You’ll have your most productive work day in years when you use our best-selling mouse pads or Excel Digital Guides + Dictionaries. [Shop now](. The Emerging Tech Brew Summit is happening in less than 24 hours. We’ve got a lot in store, from discussions on energy investing to a deep dive into synthetic biology. It’s not too late to snag a free ticket—[RSVP now](. Retail leaders: The SKU is a can’t-miss retail industry event. Network, strategize, and hear from top retail brands. [Register now](. ANSWER - Labatt = Canada - Hoegaarden = Belgium - Presidente = Dominican Republic - Heineken = the Netherlands - Sapporo = Japan - Mythos = Greece - Singha = Thailand - Kingfisher = India - Paulaner = Germany - Coopers = Australia � � � � � Written by [Neal Freyman](, [Abigail Rubenstein](, and [Max Knoblauch]( Was this email forwarded to you? Sign up [here](. WANT MORE BREW? 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