South Korea’s culture ministry estimates that BTS's single "Dynamite" will contribute $1.4 billion to the nation’s economy. cc
@AmandaLWeston
by
@livcarville
"Now, though, he’s not suing a lender or bickering with a condo association. He’s waging war against the spirit of U.S. democracy."
from
@maxabelson
&
@CalebMelby
“The scene playing out in Arizona is perhaps the most off-the-rails episode in the Republican Party’s escalating effort to support former President Donald J. Trump’s lie that he won the election.”
*Some professional news...*
I'm so excited to join the incredible team at
@business
!
I'm an anchor for Bloomberg
@Quicktake
, our new streaming news network.
And we launch today!
Check us out at 9a EST on .
A 25-year-old security guard was so enthusiastic about GameStop that he took out a $20,000 personal loan at a more than 11 percent interest rate to buy shares.
Now his investment is down nearly 80%.
I anticipate that we'll be hearing a lot about the national debt over the next four years.
Here's a deep dive into, as
@propublica
puts it, "the explosive rise in the national debt that occurred on [Trump's] watch."
"The inquiry comes nearly two decades after Wiederhorn was first ensnared in financial crimes. In 2004, he pleaded guilty...to charges of paying an illegal gratuity to an associate and to filing a false tax return. He spent 15 months in federal prison..."
Crocs is up 2,000% over the last five years...*barely* underperforming Tesla.
The red line is Amazon, up a mere 355%.
Looking forward to talking to $CROX CEO Andrew Rees at noon
@Quicktake
@kgreifeld
Happy 30th Bloomberg anniversary to the legend Charlie Pellett!
You know his voice from
@bloombergradio
, the NYC subway, and yes, AJR's "bang."
He's also just a good guy and great colleague.
On today's
#frontpage
:
–A 'nightmare scenario' as COVID-19 surge is dire and getting worse: The U.S. sees a death every 107 seconds as the third wave hits.
–How scammers target you on social media: Complaints have tripled during the pandemic, including some fake stimulus ploys.
"Some scientists suggest the Amazon is now close to a tipping point, at which it will become a savanna rather than a rainforest. It will pump greenhouse gases into the atmosphere instead of pulling them down..."
Thomas Peterffy on Mar-a-Lago (he's a member):
"It's very convenient for business lunches. Certainly, the people who are more refined go to other clubs."
Turns out social distancing and mask wearing means fewer people are getting colds this season.
And as a result, Vicks and NyQuil are taking a hit.
by
@GeraldPorterJr
"...I’d rather take my chances with the virus than I would to get the vaccine. I trust my immune system,” said 41--year-old Jennifer Davis. “If I get it, and it’s my time to die, then I get it and it’s my time to die.”
via
@josh_wingrove
Dr. Anthony Fauci turns 80 (!) years old today.
Fauci works 18-hour days and, between the many interviews he does each day, visits patients under treatment for Covid-19.
AMC is launching "AMC Investor Connect" to engage directly with retail traders.
Benefits include a free large popcorn, invitations to special screenings, and more. $amc
Nothing to see here but a $600k statue of a four-legged Elon Musk riding a rocket that the builders say will be delivered to the Texas gigafactory later this month.
"President Biden believes that gender identity should not be a bar to military service, and that America’s strength is found in its diversity...America is stronger, at home and around the world, when it is inclusive. The military is no exception."
-
@WhiteHouse
All living former presidents and first ladies -- except the Trumps -- have come together for an ad campaign designed "to educate and empower Americans with information about the COVID-19 vaccines."
*U.K. TO ANNOUNCE BAN ON RUSSIAN OIL IMPORTS
*U.K. BAN ON RUSSIAN OIL TO BE PHASED IN OVER MONTHS
*U.K. DECISION WON'T AFFECT RUSSIAN GAS IMPORTS, OFFICIAL SAYS
From Rivian's shareholder letter. Yes, that's a "1." For $1 million in revenue...for the whole quarter.
(Before today's selloff, it had a market cap of nearly $100 billion.)
META
Makes me think of when Philip Morris changed its name to Altria.
"The company has taken this action, its executives say, to reduce the drag on the company's reputation that association with the world's most famous cigarette maker has caused."
.
@carolmassar
and I are interviewing
@CathieDWood
of
@ARKInvest
later today.
Ark went from ~$3bn in assets at this time last year to ~$60bn now.
What do you want to know?
(Bloomberg) -- Multiple websites are experiencing outages Monday including the New York Times, Amazon Web Services and Reddit, according to Downdetector.
@TheTerminal
Our new crypto show, Crypto IRL, airs tonight.
@s_m_i
and
@Melt_Dem
join
@kgreifeld
and me to explore how the industry rebuilds after $2 trillion has been wiped out in such a short time.
Tonight at 8p
@Quicktake
, 8:30
@BloombergTV
, & online later.
AMC CEO
@CEOAdam
yesterday sold 312,500 shares of AMC for a total of $9.65 million.
That comes after selling more than $25 million in shares last month.
via
@brianreports
@ScottJourno