Newsletter Nov 14, 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	28,012.66	-0.89%
UK: FTSE 100	7,318.04	-0.78%
Crude Oil Futures	88.23	-0.82%
Gold Futures	1,762.20	-0.41%
Yen	139.39	0.43%
Euro	1.03	-0.44%
* As of market close

Dems retain Senate; Trump to launch run

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. The Democrats hold a 50-49 majority, pending the Georgia runoff, while Republicans remained close to seizing control of the House. Former president Donald Trump will announce Tuesday that he is taking another shot at the White House in 2024 despite his fading influence.

WHY TRUMP'S STOCK HAS FALLEN SINCE MIDTERM ELECTIONS

Biden, Xi take center stage at G20 summit

Leaders from the world's 20 largest economies arrive today on the Indonesian island of Bali for a summit overshadowed by a superpower sit-down between U.S. President Joe Biden and Chinese counterpart Xi Jinping. Monday's face-to-face between Biden and Xi on the margins of the G20, their first since Biden took office, is expected to address a wide range of conflicts, including heightened tensions with North Korea.

WHY LEADERS AREN'T OPTIMISTIC ABOUT CHINA'S POSITION

Chappelle offers advice to Kanye 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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