Plus: It's a hot, hot American summer, and ACs are on full blast. Was this newsletter forwarded to you? [Sign up here]( [Quartz]( July 25, 2022 [View in browser]( Sponsored By Good morning, Quartz readers! Hereâs what you need to know The US treasury secretary insisted a recession is avoidable. Janet Yellen pointed to healthy [labor market figures]( to support her argument. Plus, wealthy Americans [are still borrowing money](. Boeing defense workers in St. Louis decided to go on strike next month. Nearly 2,500 unionized workers at three facilities [rejected a new contract](. Tesla secured a fast lane at the Mexico border. The border crossing in the state of Nuevo Leon has a lane exclusive for [Tesla and its suppliers](, according to Bloomberg. The WHO declared monkeypox a global health emergency. Director-general Tedros Adhanom Ghebreyesus [overruled a panel]( of advisers to make the declaration (see more below). The Pope started his âpenitentialâ trip to Canada. The pontiff is expected to [apologize to Indigenous people]( for the abuses suffered at residential schools. A fast-spreading wildfire forced thousands to evacuate in California. The fire burned [more than 14,000 acres]( as a heat wave continues to affect [millions of Americans](. Brazilian president Jair Bolsonaro launched his re-election bid. The speech he gave in Rio de Janeiro focused on [God, guns, and family.]( Sponsor content by Fidelity Introducing the next generation of customized investing. We make it easy for you to pick, mix, and create your own custom index with stocks that matter to you. Learn more about Fidelity Solo FidFoliosâ .[Advertisement] [Learn more]( WHAT TO WATCH FOR For the second time in two years, the World Health Organization [issued its highest]( alert for a disease, declaring monkeypox a global health emergency. The announcement comes as cases have climbed to more than 16,000 across 75 countries. In the agencyâs [second meeting]( about the disease, WHO director general Tedros Adhanom Ghebreyesus said the speed at which the outbreak has spread and how it is spreading led to the decision. The WHOâs declaration allows for a more [coordinated international response]( and resources toward controlling the outbreak. But thereâs still a lot of unknown. We put together a reading list to give some context to the WHOâs announcement: 𧪠[How do we test for monkeypox?]( ð [What is the treatment for monkeypox?]( ð¤ [What HIV can teach us about how to handle monkeypox]( ð [New Yorkâs LGBTQ community is facing a severe monkeypox vaccine shortage]( AMERICANS ARE CRANKING UP THE AC More than 90% of Americans who own air conditioners are cranking it up this summer. Itâs a trend thatâs grown in recent years as the season [becomes hotter and longer](. Higher AC usage is straining the electrical grid and boosting [carbon emissions]( that will further contribute to global warming. While ACs arenât as common in other places around the worldâless than 10% of households in Europe have an AC unit, for exampleâthat number is [predicted to increase]( as extreme summer temperatures like the ones currently scorching the region become more common. WHAT IF MICROSOFT BOUGHT NETFLIX? To win the streaming wars, offering on-demand content just isnât enough anymore. Disney has its theme parks, Apple its hardware, and Amazon its e-commerce empire. Where does that leave Netflix? The streaming serviceâs relative lack of diverse business operations has gradually transformed it from an early tech innovator into a one-note company with an uncertain future. Netflix canât build a theme park in a day, but an acquisition by tech giant Microsoft, its new ad partner, [might just be its best hope](. ⦠Love insights like these? Support our journalism by becoming a Quartz member. Sign up today and [get 40% off](! QUARTZâS MOST POPULAR ð [Twitter is blaming Elon Musk for its poor second-quarter results]( ð¬ [The USâs first crypto insider-trading case could mean serious trouble for Coinbase]( ðª [Why investors love GameStopâs stock split]( ð° [Think the US Fed has a tough job? The ECBâs Lagarde has it worse]( ð [Chinaâs next recession may be lurking on its balance sheets]( ðµâð« [Teslaâs supply chain struggles forced it to sell off 75% of its bitcoin]( Sponsor content by Fidelity Introducing the next generation of customized investing. We make it easy for you to pick, mix, and create your own custom index with stocks that matter to you. Learn more about Fidelity Solo FidFoliosâ .[Advertisement] [Learn more]( SURPRISING DISCOVERIES Hong Kongers are scraping paint off public walls. Theyâre revealing tags by the late graffiti artist [Tsang Tsou-choi](, which are finding new resonance during the current political climate. A mysterious $20 pink sauce is all the rage on TikTok. But errors in the nutritional label hint at its [dubious provenance](. Central Parkâs famous boathouse is closing. The doors are shuttering in October to the [dismay of romantics]( the world over and the 163 workers facing layoffs. Some fish fins were made for walking. Paleontologists discovered [a fossil]( suggesting that ancient fish once walked on four limbs, but then decided they liked water instead. Cricket is lifting spirits in Sri Lanka. Amid a political and economic meltdown, the menâs national team is on [a winning streak](. Our best wishes for a productive day. Send any news, comments, hidden art, and walking fish to hi@qz.com. Reader support makes Quartz available to allâ[become a member](. Todayâs Daily Brief was brought to you by Sofia Lotto Persio, Samanth Subramanian, Morgan Haefner, and Anne Quito. [ð View or share this email online.]( [ð¬ Check out our emails]( [ð Read Quartzâs latest stories]( [ð See what stories are trending]( 1290 Avenue of the Americas, New York, NY 10104
© 2022 G/O Media Inc. [Unsubscribe](