Newsletter Nov 13, 2022

3 things you must know

What a divided government will mean for the US economy
Last week's midterm elections are yielding a divided legislature in Washington: A likely GOP majority in the House and a Democratic majority in the Senate. A divided federal government has financial experts projecting that Washington will not push any significant economic and fiscal legislation through over the next two years. That's usually a good thing for corporations and markets, as economic and fiscal legislation raises the cost of doing business.
WHAT THE EXPERTS ARE PROJECTING FOR WALL STREET

Climate change could make food inflation a permanent issue
Climate change is threatening to turn food inflation and shortages from a temporary to a permanent problem. That's bad news for consumers worldwide, especially for the consumers of less developed countries, who spend proportionally more on food than the consumers of more developed nations. Soaring food inflation could bring some developing countries to the "boiling point," potentially descending into chaos and rioting over shortages.
WHY CLIMATE CHANGE IS A HOT TOPIC AT COP27 SUMMIT

Amazon's drone package delivery finally gets off the ground
Amazon announces that after nearly a decade of research, it will now begin to deliver packages via drone. The latest drone model, MK27-2, will deliver packages from 12 feet in the air after scanning whether it can safely drop them below. Prime Air began testing drone delivery in 2013, but after making a single delivery in 2016, it had issues with high turnover and crashes during testing.
WHEN YOU CAN START RECEIVING DELIVERY BY DRONE

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Markets

DJIA	33,747.86	0.10%
S&P 500	3,992.93	0.92%
Nasdaq Composite	11,323.33	1.88%
Japan: Nikkei 225	28,263.57	2.98%
UK: FTSE 100	7,318.04	-0.78%
Crude Oil Futures	88.86	2.76%
Gold Futures	1,774.20	1.17%
Yen	138.80	-0.01%
Euro	1.04	0.18%
* As of market close

Dems control Senate after GOP's red trickle

Democrats held onto control of the Senate, handing a major victory to President Joe Biden and extinguishing hopes of the "red wave" that Republicans had expected leading into last week's midterm elections. Senate Majority Leader Chuck Schumer described it as a "victory and vindication" for Democrats and their agenda. He accused the Republican Party of stoking fear and division during the campaign. Republicans, however, remained close to seizing control of the House.

FIND OUT WHEN ALL THE BALLOTS WILL FINALLY BE COUNTED

Trump to announce presidential bid Tuesday

Donald Trump will announce next week that he is taking another shot at the presidency with a White House run in 2024, his longtime advisor Jason Miller said Friday. The divisive former president, who will be 78 when the next election is held, has been hinting at another run while campaigning for fellow GOP candidates ahead of last week's midterm elections has said he will make a "very big announcement" on Tuesday.

WHY TRUMP'S STOCK HAS FALLEN SINCE MIDTERM ELECTIONS

Chappelle sounds off on hot topics on 'SNL'

"Saturday Night Live" featured controversial comedian Dave Chappelle following the contentious midterm elections, and he did not disappoint. In his 15-minute monologue, the guest host sounded off on everything from anti-semitism, Kanye West, the Ukraine war, and Trump. On West losing $1.5 billion in deals, Chappelle denounced anti-semitism in a prepared statement, "That's how you buy yourself some time [Kanye]."

WATCH CHAPPELLE'S HILARIOUS MONOLOGUE RANT ON 'SNL'

Opening act

Who was the first guest host on "Saturday Night Live"? When did it air?

Friday's answer: Radio shock-jock Howard Stern was fined a record $2.5 million dollars by the FCC for using banned language on his show.

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