Good morning, Quartz readers! Senate Republicans finally unveiled their trillion-dollar coronavirus package. Under the plan, which now has to get through Congress, unemployment benefits would be slashed, a one-off $1,200 payment would come back, and
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Senate Republicans finally unveiled their trillion-dollar coronavirus package. [Under the plan]( which now has to get through Congress, unemployment benefits would be slashed, a one-off $1,200 payment would come back, and businesses could apply for nearly $300 billion in loans.
Covid-19 cases are surging again across the world. There are [fresh restrictions in place]( in Hong Kong, China, Australia, and Spain. [Travel spending has already collapsed]( in Europe (see below), and the [UK may enforce more mandatory quarantines]( on travelers from the continent.
Gold nearly hit $2,000 an ounce. The precious metal has already been trading at [record levels]( (paywall), and reached $1,980.57 this morning in Asia, before dropping off. Overall, the price of gold has gone up by more than 30% this year, because of a weak dollar and low bond yields.
The US attorney general defends the use of federal agents in Portland. [William Barr is expected to tell Congress]( that their deployment to disperse protests is justified because demonstratorsâ attacks on a federal courthouse represented an attack, in his view, on the US government.
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March to the beat of your teamâs drum. As a leader, the best way to live your companyâs purpose is by aligning with your people. [Follow these five steps]( to harness employeesâ passions and build a strong sense of shared purpose.
To Jeff, from Bill, with love
Appleâs Tim Cook, Alphabetâs Sundar Pichai, Amazonâs Jeff Bezos, and Facebookâs Mark Zuckerberg will testify before the US House Judiciary Antitrust Subcommittee tomorrow.
Itâs the biggest hearing of its kind in the US since Microsoftâs back in 1998. Bill Gates was widely considered to come off as defiant and evasive in his testimony at the timeâwhich means he is now perfectly positioned to help Jeff Bezos learn from his mistakes in the Amazon titanâs first appearance before Congress.
We were fortunate enough to intercept the followingâdefinitely real and completely not imagined by Quartzâs Sarah Toddâmessage from one tech titan to another. Hereâs a sample:
I was feeling feisty, like a person who had definitely never had any cream pie thrown at him. I told those senators they should knock off the regulation talk and be grateful for everything Microsoft had done for America. I told them, âThe computer-software industry is not broken, and there is no need to fix it.â Well, you know what happened next: The Department of Justice decided we had a monopoly, sued Microsoft in a lawsuit that went on for years, and ultimately won. Microsoft lost its dominance. I stepped down as CEO.
[Read the rest of this letter]( (which really is filled with actual facts) here.
Charting luxury shoppers abroad
The luxury industry is [heavily reliant on traveling shoppers]( and tourists from many countries wait until theyâre abroad to start snapping up handbags, perfumes, and haute couture clothing. This is particularly prevalent in Europe, in part because luxury merchandise there can be much cheaper than in, say, China, whose citizens are the worldâs top buyers of luxury goods.
Tourists from South Korea and Japan also spend a significant amount outside their borders, as detailed in a note today from investment firm Bernstein. It said traveling shoppers account for about 40% of all luxury sales, and Europe, it added, was the âeliteâ travelerâs top destination for shopping abroad.
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Counting down the days until the end of 2020? We donât blame you. But instead of mindlessly marking off the boxes on your calendar, we think you should make the most of the second half of 2020. And we want to help. [Hereâs half off Quartz membership]( so you can stay up to speed on the now and next.
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âMom, Dadâ¦as long as youâre under our roof, youâll obey our rules.â
US mortgage lender Freddie Mac recently showed [a steady and significant increase in sales]( of so-called in-law suites, granny pods, or coach housesâofficially known as accessory dwelling units, or ADUsâbetween 2009 and 2018.
But for those who need greater levels of care, living with family or aging in place may not be feasible. Our [latest field guide]( looks at how the pandemic is shifting trends in elder care, potentially making senior housing safer, more enriching, more equitable, and better understood.
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Matters of Debate
ð¶ A lower birth rate doesnât necessarily help the planet. [Other factors]( will steer the fate of climate change.
ð® Weâre all gamers now. Working from home all day can inflict the same damage on a spine as many hours of Fortnite would, so maybe we need [esports chairs](.
ð Football risks becoming the new baseball. The MLB made some Covid-19 errorsâdooming its season in the processâthat the NFL is [on track to repeat](.
Surprising discoveries
Tom Hanks and Rita Wilson became Greek citizens. The Hollywood stars were [given honorary passports]( for helping raise awareness about devastating wildfires near Athens.
A St. Bernard was rescued from a mountain. 16 volunteers [helped bring Daisy to safety]( after she collapsed while descending Englandâs highest peak.
The Australian finger lime could save Floridaâs citrus industry. A gene in [the exotic, pickle-lookalike fruit]( is tolerant to the citrus greening disease that has devastated crops in the Sunshine State.
Solar power has revolutionized heroin production. Afghan poppy farmers have [embraced green energy]( which allows them to irrigate their fields on the cheap.
Unsolicited seeds from China are sowing confusion in several US states. Authorities have [advised puzzled recipients]( not to plant the seeds, which may belong to invasive species.
Our best wishes for a productive day. Please send any news, comments, safe seeds, and rescued rescue dogs to hi@qz.com. Get the most out of Quartz by[downloading our app]( on iOS and[becoming a member](. Todayâs Daily Brief was brought to you by Hasit Shah, Susan Howson, and Nicolás Rivero.
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