☕ Airbnb crackdown

Why the Disney–Charter battle is a BFD... September 06, 2023 [View Online]( | [Sign Up]( | [Shop]( [Morning Brew]( PRESENTED BY [Facet]( Good morning. Looking for a math problem to help kill time on your lunch break? You’ve come to the right place. This question is inspired by a college football tradition, and hashing it out delayed our newsletter writing by three hours yesterday. Here goes: Every time the Oregon Ducks football team scores, the duck mascot does pushups to match the team’s new point total. For example, if Oregon scores a touchdown, the mascot does seven pushups (or eight if the team gets a 2-point conversion). This goes on the entire game, so if Oregon were to score 31 points in total, the mascot will have done 101 pushups (7+14+21+28+31). During Saturday’s game vs. Portland State, the duck had to do 546 pushups. Your job is to figure out how many points Oregon scored during the game. The answer is at the bottom of the newsletter. Good luck! —Cassandra Cassidy, Matty Merritt, Sam Klebanov, Neal Freyman MARKETS Nasdaq 14,026.18 -0.04% S&P 4,498.54 -0.38% Dow 34,658.56 -0.51% 10-Year 4.260% +7.4 bps Bitcoin $25,678.68 -0.55% Oil $86.69 +1.33% *Stock data as of market close, cryptocurrency data as of 2:00am ET. [Here's what these numbers mean.]( - Markets: Stocks wilted in the stifling NYC heat to kick off the short week. The major indexes were likely dragged down by rising oil prices, which popped to a [10-month high]( after major crude producers Saudi Arabia and Russia made the surprise decision to extend their supply cuts another three months.  MEDIA [Disney, Charter, and the fight over the future of TV]( [TV with static]( Francis Scialabba If you’re frustrated that you couldn’t watch Duke football upset Clemson this weekend, just imagine how Daniil Medvedev feels: The US Open participant can’t watch any of the US Open. Following a contract disagreement between Charter Communications and Disney, all Disney-owned TV [channels went dark]( on Charter’s Spectrum cable service just before Labor Day weekend, resulting in a tennis-less and football-less long weekend for Charter’s 15 million cable subscribers. That includes Medvedev, who complained he hasn’t been able to scope out rivals in his New York hotel room. Now, two of the biggest forces behind America’s binge-watching addiction are at an impasse over how streaming and TV can coexist. - Charter wants to include Disney’s streaming services (Disney+, ESPN+, and Hulu) for free in its cable packages. Disney refused. - Disney asked for higher licensing fees, but Charter won’t agree to that unless it gets concessions, like an option to remove sports channels from more packages. The future of TV hangs in the balance While channel blackouts have happened in the past, this dispute isn’t a matter of calling up Chris Voss. On a call with investors, Charter CEO Christopher Winfrey said, “We’re on the edge of a precipice. We’re either moving forward with a new collaborative video model, or we’re moving on.” As the US’ second-largest cable company, Charter’s threat to abandon the traditional linear TV model is far from empty. - One analyst commented that “the media and distribution landscape has been building up to this moment for many years.” - Disney has been preparing for this, too. Disney CEO Bob Iger has spoken publicly about potentially selling its cable assets (ABC, FX) and taking ESPN direct-to-consumer. It also used the channel blackout as an [opportunity to push]( Hulu+ Live TV. What happens next? This can really only go one of two ways: Either Charter and Disney come to an agreement, which will force other streaming companies to link up with cable providers, or Charter exits the industry, likely spelling the end of linear TV, according to The Hollywood Reporter. While Spectrum users were fuming about missing the return of college football this weekend, Iger and Winfrey were reportedly in contact and attempting to reach a deal. Jets fans will hope they shake hands before Aaron Rodgers makes his team debut on Monday night.—CC   PRESENTED BY FACET [Proof is in the pudding]( [Facet]( Good news: Facet memberships are sooo much more than plain ol’ financial advice. They’re a bachelor’s degree for your kids, a new roof for your home, a safeguard against all the things life throws at you. They offer unbiased, personalized, and actually affordable [expert financial advice]( with a flat membership fee that won’t increase as your wealth does. Take a gander at what a few Facet members had to say about [their services]( “Finding Facet immediately put us at ease, feeling as though someone was going to lead us down the right path financially.” —Jordan + Marissa “We recently just bought a home! Facet was integral in that process.” —Sheila + Adam [Talk to a Facet expert and change your life, too](. *Featured individuals are current clients of Facet and not compensated for this testimonial. WORLD [Tour de headlines](#) [Lina Khan]Chip Somodevilla/Getty Images The FTC readies its Amazon lawsuit. Regulators are aiming to [sue Amazon]( over antitrust violations later this month, per the WSJ, which would mark the culmination of a yearslong investigation into the corporate giant. The FTC is expected to go after several of Amazon’s business units for illegally stifling competition and ultimately require the company to break itself up. The lawsuit will represent a make-or-break moment for FTC Chair Lina Khan, who rose to prominence by attacking Amazon’s market power but has suffered a string of antitrust case defeats lately. Ex-Proud Boys leader gets longest Jan. 6 sentence yet. Enrique Tarrio, the former national chairman of the far-right Proud Boys group, was [sentenced to 22 years]( in prison for his role in orchestrating the Jan. 6, 2021, attack on the Capitol. It’s the longest sentence handed down yet in the government’s sprawling probe into the effort to stop the certification of the 2020 presidential election results. Unlike other extremist groups, the Proud Boys have remained intact following the Jan. 6 attack, and have focused their efforts on opposing issues like LGBTQ rights and Covid restrictions. Two PA school districts close as search for murderer drags on. Kids in two school districts near Philadelphia stayed home from school yesterday while authorities [continued their search]( for a convicted murderer who escaped from prison on Aug. 31. The man, Brazilian national Danelo Cavalcante, was recorded by surveillance cameras twice on Monday night at Longwood Gardens in Chester County, but police have yet to find him after a six-day search. Using cars and helicopters, they’ve been broadcasting a message in Portuguese from his mother urging him to surrender. REAL ESTATE [Finding an Airbnb in NYC could get tough]( [Apartment with closes windows and door, one window open with Airbnb logo.]( Hannah Minn We are about to witness a renaissance of Midtown hotel bars. A new law in New York City went into effect yesterday that could [erase]( thousands of the ~38,500 Airbnb listings in the metropolis and possibly offer a blueprint for other cities aiming to limit properties covered in TJ Maxx decor. The new law, which Airbnb has called a “de facto ban” but failed to stop in court, puts enforcement muscle behind an existing rule that only allows home rentals of fewer than 30 days if the host is also on the premises. The new measure requires hosts to register with the city and threatens platforms like Airbnb, Vrbo, and Booking.com with fines of up to $1,500 per transaction if the listing isn’t registered. Hosts risk up to $5,000 in fines. - The Office of Special Enforcement in NYC said 3,250 hosts have submitted applications to register with the city as of August 28, but only 257 have been approved so far. The debate: Critics of the law argue that the city is in the hotel industry’s pocket and it will hurt homeowners trying to make extra cash. But supporters say short-term rentals clogged up limited housing and contributed to [record-high rents](. Looking ahead…sure, only 1% of Airbnb’s 2022 revenue came from Big Apple rentals, but the company is concerned other cities could piggyback on NYC’s intense crackdown. San Francisco, Berlin, and other major destinations have already passed softer restrictions.—MM   TOGETHER WITH QUEENSBORO [Queensboro ]( Custom logo apparel—absolutely risk-free. Say hello to [Queensboro]( Free logo setup, embroidery, and shipping. Polos $12.95. Hats $7.95. $75 minimum order. No returns necessary for immediate and unquestioned replacement, refund, or credit. 4.9/5 customer rating with 22,000+ Trustpilot reviews. Since 1982, over 23 million shirts sold. [Trust the Queen](. GAMING [New game confirms: Space is big]( [Starfield image]( Bethesda Starfield, the long-awaited action role-playing game, is [launching]( on Xbox, Windows, and Steam today. Produced by the iconic Elder Scrolls and Fallout creator Bethesda Game Studios, it’s billed as a buffet of cosmic experiences. - Starfield lets players explore over 1,000 real and fictional planets in what NPR calls “one of the biggest stories ever told.” - They can complete quests, build outposts, or simply frolic around the universe fighting or hobnobbing with extraterrestrials using 3 million dialogue words. The gaming industry is eagerly awaiting the reception of Bethesda’s first original release in 25 years. Starfield has such blockbuster potential that [Microsoft bought]( Bethesda for $7.5 billion two years ago to ensure the celestial cacophony was available on its Xbox consoles. It’s a test flight for Bethesda and Microsoft. With Starfield, Bethesda aims to nail the technical challenge of designing an expansive virtual world that’s realistic, engaging, and not glitchy. Microsoft, meanwhile, is banking on it becoming a megahit to justify its strategy of hoovering up game studios to compete with console rivals Sony and Nintendo. The tech giant is currently convincing regulators to greenlight its $69 billion bid to buy Activision Blizzard.—SK   GRAB BAG [Key performance indicators](#) [A house in the path of tornado]Francis Scialabba Stat: Seeing houses wrecked by floods or gutted by wildfires has a major impact on homebuyer psychology. A new survey by Zillow found that 83% of US prospective homebuyers [consider climate risks]( flooding, wildfires, extreme temperatures, and hurricanes—when choosing a new home. Gen Z and millennial shoppers are most concerned about climate risks, and they now account for the majority of homebuyers in the US. Quote: “This is a biohazard issue.” The pilot of a Delta flight traveling from Atlanta to Barcelona had to [turn around]( the Airbus A350 two hours into the flight because—hope you’ve digested your breakfast already—a passenger “had diarrhea all the way through the plane.” After transferring to another plane in Atlanta, the travelers arrived in Barcelona eight hours behind schedule, while the original plane was wiped down (front to back, obviously) and returned to use. Read: Listening to Taylor Swift in prison. ([The New Yorker]( NEWS [What else is brewing](#) - [United Airlines]( briefly grounded its planes nationwide over tech issues. - [Jorge Vilda]( the head coach of the World Cup-winning Spanish women’s team, was fired. Spain’s soccer federation has been in turmoil after its now-suspended president kissed player Jenni Hermoso, who said the kiss was nonconsensual. - [Senate Republican Leader Mitch McConnell]( had “no evidence” of a stroke or seizure disorder during his two recent freeze-ups, a Capitol physician said. - [The Messi Effect]( Apple’s MLS Season Pass drew more than 110,000 new US sign-ups the day Messi made his debut for Inter Miami (July 21), up from 6,143 the day before, per Antenna. - [Two construction workers]( in China damaged a portion of the Great Wall after they allegedly plowed a hole through it with an excavator as a shortcut for their construction project. RECS [Wednesday to-do list] Listen: How to [break out of a rut](. Look: A [3D reconstruction of Tenochtitlan]( the capital of the Aztec empire. Learn: How to manage [Productivity Guilt](. Watch: Why Big Candy is [buying up all the vet clinics](. Take notes: Don’t miss our free one-hour Excel master class with Miss Excel next week. [Register today](. Unlock up to 90% off every flight, for life. Think Italy from $251 or Hawaii from $137 round-trip. For 12 hours, get 93% off lifetime access to [Dollar Flight Club]( for $129 (was $1,690). [Start traveling]( *A message from our sponsor. GAMES [The puzzle section](#) Word Search: Cady Heron, Ned Shneebly, and Max Fischer star in today’s school movie-themed Word Search. [Play it here](. Main Character trivia To celebrate National Read a Book Day, today’s trivia will test your knowledge of famous characters in literature. We’ll give you a character, and you have to name the book they’re found in. - Lisbeth Salander - Arthur Dent - Josephine “Jo” March - Wife of Bath - Offred - Long John Silver 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]( ANSWER - The Girl With the Dragon Tattoo - The Hitchhiker’s Guide to the Galaxy - Little Women - The Canterbury Tales - The Handmaid’s Tale - Treasure Island Oregon football answer Oregon scored [81 points]( on Saturday, resulting in the Duck doing 546 pushups. There may be another solution, but we haven’t figured it out yet. Word of the Day Today’s Word of the Day is: “diarrhea,” because it’s finally time you learned how to spell it. (Literally no one asked for this.) [Submit another Word of the Day here](. ✢ A Note From Facet Facet Wealth, Inc. (“Facet”) is an SEC-registered investment adviser headquartered in Baltimore, Maryland. This is not an offer to sell securities. This is not investment, financial, legal, or tax advice. Past performance is not a guarantee of future performance. Featured individuals are current clients of Facet and not compensated for this testimonial. All opinions are their own and not a guarantee of a similar outcome. Written by [Neal Freyman]( Sam Klebanov, [Matty Merritt]( and [Cassandra Cassidy]( Was this email forwarded to you? Sign up [here](. 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