⏱Flying death machines, and a housing bubble. Great!
90 Second News Issue #25
Happy Friday everyone! Time to crush the day, we’re almost there!
0:03- Virtual Turkey at least means you don’t have to talk to your crazy uncle
Yesterday the CDC announced that they were “strongly urging” Americans to not travel for Thanksgiving. This warning comes amongst exponential growth in Covid cases, as well as record setting hospitalizations and deaths. On the bright side, Zoom recently announced they were lifting time restrictions over the holiday season.
0:16- Take this quiz to find out which merger/acquisition you are!
BuzzFeed announced yesterday that they had agreed to purchase Verizon’s Huffington Post through a stock deal and cash considerations. This move was aimed at trying to jump start the two company’s growth rates— both will syndicate content on each other’s platforms, and combine supplier power to get better advertising opportunities. BuzzFeed’s founder and CEO Jonah Peretti will run the newly formed conglomerate.
0:33- How much do you trust Boeing?
Boeing’s infamous 737 Max aircraft has officially been cleared to fly again by the FAA. This comes after a complete retooling of the airplane following two deadly crashes in 2018 and 2019. Still scared? Don’t worry, airlines have said they will provide free ticket changes if passengers are not comfortable flying on one, although they stress that they trust the equipment completely.
0:50- Target hits its (earnings) target-
The retail wiz-kid Target ($TGT) announced earnings recently, and said that sales had risen quickly over the most recent quarter, as household goods and office supplies demand has risen dramatically YoY. Revenue was up roughly 24.3% on the quarter, and CEO Brian Cornell said that they have yet to witness a slow-down in the demand that originally increased at the start of the pandemic.
1:07- The last time this happened in 2008 was fantastic
US home sales reached a 14 year high in October as they climbed 4.3%. This growth was buoyed largely in part by low interest rates, and marks the fifth straight month of increase in the housing market. Economists say this isn’t all good news though- citing caution at both the period when policies suspending mortgage payments expire, and also at the general affordability which makes it hard for first-time home buyers to enter the market.
1:27- A link we love
The Memphis Zoo recently announced the birth of a new giraffe named, “Ja Raffe” after Memphis Grizzlies star Ja Morant.
Have a great rest of your day, and we’ll see you tomorrow bright and early!
-The 90 Second News Team
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I don't believe that you don't have an inner monologue.