Executive Leadership Briefing

Apple’s privacy change rolled out in April is beginning to disrupt the online ad market, hurting e-commerce players and creating challenges for tech companies. Snap cited Apple’s change as one reason it expects growth to slow in the current quarter. Snap shares fell 20% in after-hours trading after it made that disclosure in its earnings report.

Facebook, Twitter and digital ad stocks drop sharply after Snap earnings - CNBC

Snap tumbles, drags social media giants on Apple privacy tweak worries - Reuters

@ericgarland: Facebook and Snapchat having trouble since Apple made it difficult for them to surveille you without a legal warrant. Well. GOOD.

The Centers for Disease Control and Prevention officially endorsed booster shots for both the Moderna and Johnson and Johnson COVID-19 vaccines, approving the “mix and match” approach to the inoculations that means people do not need to match the vaccine they received for their initial vaccinations. The recommendations greatly expand access to the nearly 190 million people in the U.S. who are already fully vaccinated.

Pfizer-BioNTech Booster Shot Restores Full Covid Protection - Bloomberg

Beijing offering booster shots ahead of Winter Olympics - The Hill

Poland to make COVID booster shots available to all adults - Reuters

Real estate software and data firm VTS agreed to acquire an app company that aims to simplify office life by aiding in the booking of conference rooms, ordering food and getting through security. Though the majority of workers still haven’t returned to in-person work, the rate of workers returning to the office has been gradually increasing.

Remote Work Can Be Better for Innovation Than In-Person Meetings - Scientific American

To Get Ahead at Work, Lawyers Find It Helps to Actually Be at Work - The New York Times

Want to Move to a New State But Keep Your Job? - Harvard Business Review

Facebook is planning to change its company name next week to reflect its focus on building the metaverse and to pivot from being known primarily as a social media platform. The rebrand would likely position the blue Facebook app as one of many products under a parent company overseeing groups like Instagram and WhatsApp.

Changing Facebook's name will not deter lawmaker or regulatory scrutiny, experts say - Reuters

Facebook plans to hire 10,000 in Europe to build 'metaverse' - Associated Press

Late Night Suggests a Few New Names for Facebook - The New York Times

On top of ornaments, wreaths and items for presents caught up in America’s supply chain snarls, Christmas lights are in short supply this year. Americans are ordering an unprecedented amount of physical goods, partly due to stimulus checks, combined with clogged shipping ports and issues stemming from Asia. Supply chain bottlenecks have also increased shipping costs, forcing retailers to rethink the price of the Christmas lights they are able to get.

Santa Claus Is Coming—But He’ll Skip Some Stores - The Wall Street Journal

Christmas trees, sweaters, gifts in shipping mess: How supply chain issues will affect holiday shopping - USA Today

@jdlahart: The Grinch didn't steal Christmas, and neither will retailers' supply-chain and labor woes.

"CDC signs off on Moderna and Johnson and Johnson boosters and says people can get a shot different from their original one" - The Washington Post / Source: CDC

CONTENT FACTS

Turbine Labs has tracked 18,221 media articles and blogs and 17,219 social media posts over the last 24 hours.

The next Turbine Labs Leadership briefing will be delivered on Monday, October 25, at 9:30AM ET.

Questions or feedback? Don't hesitate to reach out to us directly.

Weekly jobless claims hit a pandemic-era low last week with first-time filings for unemployment insurance totaling 290,000 for the week ended Oct. 16, down 6,000 from the previous period. Economists had estimated an even 300,000. The tight labor market has employers reluctant to lay off workers, encouraging unemployment claims to trend near their lowest levels since the pandemic hit in the spring of 2020.

Labor shortage, inflation pose political obstacles for Biden - The Hill

Yellen on US labor shortage: Businesses may have to pay more, but it's 'good for workers' - Fox Business

@MarkCavitt: UNEMPLOYMENT: A total of 14,256 Michiganders filed first-time jobless claims last week, a decrease of 4,457 claims from the previous week. Only Texas and California had more residents file first-time unemployment claims last week (15,657 and 80,707).

Investing became an opportunity that attracted new entrants amid the financial crisis spurred by the pandemic, many of whom were women. Female customers at Fidelity Investments increased by almost 10% between February 2020 and February 2021, and the stock trading app Robinhood saw women on its platform quadruple.

You may have always known women are good with money --- now research confirms it - MarketWatch

Women investors are still outperforming men, study finds - CNBC

America’s COVID-19 outbreak is improving, averaging a 22% drop over the past two weeks nationwide. Experts in the U.S. are cautiously optimistic, but a newly-discovered mutation of the delta variant is under investigation in the U.K. Russia also reported COVID-19 infections with a new coronavirus variant believed to be more contagious than the delta one.

The UK has more new Covid-19 cases than France, Germany, Italy and Spain combined - CNN

What Colin Powell's death can and can't tell us about COVID breakthrough cases - NPR

The pandemic reset the residential choices and aspirations of millions of Americans, prompting influencers to declare an “urban exodus”’ while others countered the name for the phenomenon as more of an “urban shuffle.” Populations in large cities fluctuated, with some urban areas gaining residents during COVID-19 and others losing residents. Experts conclude the pandemic reinforced and accelerated trends that were already underway, rather than creating new ones.

How Working From Home Could Change Where Innovation Happens - The Wall Street Journal

What I learned after running my startup while traveling for a year - TechCrunch

Employee Perk: Work From a Company-Provided RV - PYMNTS

Researchers discovered that those who viewed memes reported “higher levels of humor” and more positive feelings. Those who viewed memes that specifically referenced the pandemic also felt less stress than those who viewed non-pandemic-related memes. While experts say the pandemic is no laughing matter, they note that humor can be a powerful coping mechanism.

Laughing through the pandemic: Seniors do comedy in Greenwich Village - AMNY

Depression rates have tripled during the pandemic — how to recognize the signs and respond to them - CNBC

@Clay_Masters: Was it really the memes we made along the way?

"Covid means remote workers can live anywhere. So where’s 'anywhere'?" - Politico / Source: Census Bureau

CONTENT FACTS

Turbine Labs has tracked 20,064 media articles and blogs and 18,914 social media posts over the last 24 hours.

The next Turbine Labs Leadership briefing will be delivered on Friday, October 22, at 9:30AM ET.

Questions or feedback? Don't hesitate to reach out to us directly.

The Food and Drug Administration is planning to allow Americans to receive a different COVID-19 vaccine as a booster from the one they initially received. A recent federally-funded study found that recipients of Johnson and Johnson’s single-dose shot who received a Moderna booster saw their antibody levels rise 76-fold in 15 days, compared with only a fourfold increase after an extra dose of Johnson and Johnson.

Booster shots could soon be recommended for people as young as 40, source says - CNN

Will Giving COVID Booster Shots Make It Harder to Vaccinate the Rest of the World? - Scientific American

@KizzyPhD: I remember when @oldmanebro asked me which vaccine I recommended very early on, and I replied “That’s like asking me to pick between Prada and Gucci.” Re: “mix and match” of boosters…If approved, and you are in the recommended groups…don’t get picky with your protection.

New York City will require all city workers to be vaccinated against COVID-19 or risk losing their jobs, Mayor Bill de Blasio announced. More than 65% of New York City’s residents are fully vaccinated, well above the national average of 57%. Thousands of unvaccinated workers across the U.S. are facing potential job losses as more states, cities and private companies enforce mandates for inoculation.

Nearly 1,900 Washington state workers quit or are fired over COVID vaccine mandate - The Seattle Times

Southwest Airlines will keep workers on the jobs who apply for vaccination exemptions - NPR

Supreme Court won’t block vaccine mandate for Maine’s health care workers - Politico

The federal government is planning to announce a partnership with the Children’s Hospital Association as part of the Biden administration’s push to offer COVID-19 vaccines to children. Millions of kids ages 5 to 11 will be eligible for inoculation following federal authorization ahead of the holiday season.

Small Needles, Short Lines and Few Tears: Biden’s Plan to Vaccinate Young Children - The New York Times

@jkwan_md: Vaccine Consult Service by @sickkids provides a "safe, judgement-free space to have an open conversation" with a pediatric Registered Nurse about the COVID-19 vaccine for children and youth (available in multiple languages)

There are currently five million fewer people working than before the pandemic began, and three million fewer even looking for jobs. These numbers have resulted in workers up and down the income ladder wielding the most leverage they’ve had in decades and using it to demand higher pay, flexible hours, more generous benefits and better working conditions.

There are millions of jobs, but a shortage of workers: Economists explain why that’s worrying - CNBC

Local employers adapt to worker shortage with pay, hours, perks - The Atlanta Journal-Constitution

America's factories were hurt by shortages of workers and supplies last month - CNN

Supply chain disruptions are prompting panicked retailers and manufacturers to overorder or place orders too early, which experts say could result in distorted demand forecasts and unfulfilled orders. Supply chains have been impacted by container shortages, weather, COVID-19 infections and, most recently, China’s energy crisis.

Procter and Gamble Uses Its Size to Lessen Impact of Supply-Chain Mess - The Wall Street Journal

White House has weighed tapping National Guard to address mounting supply chain backlog - The Washington Post

Double-Digit Price Hikes on China Exports Add to Inflation Risk - Bloomberg

"Number of unemployed persons per job opening, seasonally adjusted" - U.S. Bureau of Labor Statistics / Source: U.S. Bureau of Labor Statistics

CONTENT FACTS

Turbine Labs has tracked 21,708 media articles and blogs and 16,122 social media posts over the last 24 hours.

The next Turbine Labs Leadership briefing will be delivered on Thursday, October 21, at 9:30AM ET.

Questions or feedback? Don't hesitate to reach out to us directly.

American billionaires added $2.1 trillion to their fortunes during the pandemic, a new report found. The Institute for Policy Studies and Americans for Tax Fairness tracked billionaires' gains since March 2020, noting their wealth grew by 70%. Tesla CEO Elon Musk saw the biggest gains, surpassing former Amazon CEO Jeff Bezos as the richest person in the world.

The wealthiest 10% of Americans own a record 89% of all US stocks - CNBC

​Everyone Feels Like They’re Being Left Out of the Global Pandemic Recovery - Bloomberg

America's Cash Glut - The New York Times

American Express will allow employees to work anywhere they want for up to four weeks a year, the credit card giant’s CEO announced in a memo to staff Monday. The effort comes as part of the company’s push to offer greater flexibility. A survey conducted earlier this year found that roughly a fifth of AmEx staff voted to work completely remote.

Revisiting location-based pay in this era of remote work - MarketPlace

@blsuth: AmEx will let employees work from wherever they want for at least four weeks a year. Worth noting that this is a trend that airline CEOs have flagged as a possible boon to business travel. Is working from wherever the new conference?

Washington State University fired its head football coach following his refusal to get vaccinated against COVID-19, the school announced. Coach Nick Rolovich, whose salary of $3.1 million made him the highest-paid public employee in Washington, was dismissed as a state vaccine mandate was set to go into effect. Longtime ESPN reporter Allison Williams left the network after ESPN denied her request for accommodation to not get the vaccine.

'Eye-opening moment': City leaders, police departments push back over impending COVID vaccine mandates - USA Today

Police in Chicago, Seattle, LA, oppose vaccine mandates for public employees - NPR

@ColeHarvey: From this morning’s @SportsCenter , a recap of the vaccination decision that led to Washington St coach Nick Rolovich losing his job Monday. AD Pat Chun: “To be at this juncture is unacceptable on so many levels and antithetical to the WSU experience our athletes richly deserve.”

Former Secretary of State Colin Powell died Monday due to complications from COVID-19 amid an ongoing battle with cancer. Powell was the first Black secretary of state and the former chairman of the Joint Chiefs of Staff. Powell suffered from multiple myeloma, a blood cancer that studies show can make the shots less effective. One study found that only 45% of patients with active multiple myeloma developed an “adequate” immune response after being vaccinated.

The Threat, in Perspective - The New York Times

Why vaccinated people dying from Covid-19 doesn't mean the vaccines are ineffective - CNN

Colin Powell Is Proof We Need To Do Better For Immunocompromised People - HuffPost

Gyms and fitness studios are seeing a rise in check-ins, according to the International Health, Racquet, and Sportsclub Association. Check-ins were 13% lower than the number recorded pre-pandemic, but the IHRSA noted these numbers will likely increase as nearly half of those who canceled their gym or fitness passes say they plan to rejoin in the next six to 12 months. About 22% of gyms permanently closed their doors during the pandemic.

The Transformation of the Fitness Industry - The New York Times

Mindbody acquires workout subscription platform ClassPass as fitness industry rebounds - CNBC

"Remote Work Persisting and Trending Permanent" - Gallup / Source: Gallup panel

CONTENT FACTS

Turbine Labs has tracked 21,106 media articles and blogs and 13,659 social media posts over the last 24 hours.

The next Turbine Labs Leadership briefing will be delivered on Wednesday, October 20, at 9:30AM ET.

Questions or feedback? Don't hesitate to reach out to us directly.

Retail sales increased by 0.7% in September, defying expectations for a pullback amid supply chain issues, the Census Bureau reported. Compared with a year ago, sales were up 13.9% on the headline number. Experts attribute the uptick to students heading back to school and workers returning to the office.

Facebook on Track for Holiday Ad Surge Despite Supply Chain Woes - Bloomberg

Why Levi's is opening 100 new stores even as pandemic online sales boom keeps growing - CNBC

Grocery store shelves bare? These products may be hard to find due to supply chain issues - USA Today

China’s gross domestic product growth slowed to 4.9% in the third quarter after industrial activity in the country increased by a smaller-than-expected margin last month. Power shortages and wobbles in the property sector contributed to the Chinese economy’s slowest pace of growth in a year.

Global stocks and U.S. futures wobble on China growth fears - Fortune

China Faces Slower Growth Path as It Pursues Longer-Term Reforms - The Wall Street Journal

@dlacalle_IA: China GDP disappoints. Grew 4.9% in the third quarter from a year ago. That missed expectations for a 5.2% expansion, according to Reuters. Industrial production rose by 3.1% in September, below the 4.5% expected by Reuters.

Countries are rushing to place orders for the twice-daily antiviral pill called molnupiravir that has been shown to reduce the risk of hospitalization and death among those infected with COVID-19, but obstacles remain for broad access to poorer nations. Pharmaceutical giant Merck, which recently submitted data to the Food and Drug Administration, was criticized two decades ago for selling its H.I.V. drugs at prices unaffordable to Africa.

Fact check: Merck's molnupiravir and ivermectin are not the same drug - USA Today

The success of Merck's antiviral — and other COVID-19 pills in development — may depend on how quickly people start taking them - MarketWatch

@daniel_kraft: #Molnupiravir in trial of 775 high-risk, unvaccinated people cut the risk of hospitalization and death in half. Also accelerates the clearance of infectious virus from the nose and throat, indicating that it may also help reduce the spread of the virus.\

Thousands of workers remain on strike across the U.S. demanding higher pay and better conditions. There have been strikes against 178 employers this year according to one tracker – a trend economists attribute to the Great Resignation. While large-scale strikes have garnered attention, not all work stoppages have been successful. More than 1,000 Alabama miners have been on strike since April and out of 14 oil workers who staged a walkout in New York, eight have been fired.

A two-tier wage system roiled the auto industry. Workers today say no way - NPR

Hollywood Strike Averted As IATSE and AMPTP Reach Deal On New Film and TV Contract - Deadline

​Great Resignation Causing 'Structural Changes' to the Workforce: BofA - Insider

Furniture designer Herman Miller said office spaces are trying to remain relevant by making the barriers between the office and other places more permeable. One coworking space in Virginia weathered the pandemic by taking its desks outside. This trend has prompted office architects to experiment with landscaped terraces and open-air conference rooms.

The big idea: Is the era of the skyscraper over? - The Guardian

Meet Me in My Office, in Men’s Underwear on 5 - The New York Times

Resimercial: The Terrible Word for Today’s Trendy Office Aesthetic - The Atlantic

"U.S. retail sales beat expectations for second month in a row" - Axios / Source: FRED, Axios Visuals

CONTENT FACTS

Turbine Labs has tracked 6,112 media articles and blogs and 10,068 social media posts over the last 24 hours.

The next Turbine Labs Leadership briefing will be delivered on Tuesday, October 19, 2021, at 9:30AM ET.

Questions or feedback? Don't hesitate to reach out to us directly.

More than 10,000 workers at 14 John Deere plants went on strike Thursday after members of the United Auto Workers union said the company’s proposed contract failed to meet wage and retirement expectations. Union representatives said the circumstances are in the striking workers’ favor given the labor shortage. Workers for Kellog’s have been striking since Oct. 5 while the International Alliance of Theatrical Stage Employees said workers will strike at the beginning of next week if no deal is reached in their negotiations.

The Strike Wave Is a Big Flashing Sign That We Need More New Union Organizing - In These Times

State Senators show support of Kellogg’s employees on strike - KLKN

@lyzl: Workers across Iowa today are on strike at the Deere plant and at the Curlys/Smithfield plant. Their demands are fair pay, to retire with dignity, and fair work rules. And so far, Iowa's senators and governor are completely silent

US wholesale inflation rose 8.6% last month compared to the previous year as demand for a number of goods has outstripped supply and bumped prices up for consumer goods across multiple sectors. Logistic and economic experts said President Joe Biden’s attempts to ease supply chain constraints and rising prices in time for the holiday season are unlikely to be effective given the extent of labor shortages and supply chain congestion.

In struggle to fix supply chain, small businesses fear losing out to larger companies with more spending power - NBC News

As congestion threatens economy, Port of Baltimore is adding more ships and running smoothly - Fox Business

Over 100 workers at the Los Alamos nuclear weapons laboratory in New Mexico have sued over the vaccine mandate, claiming the contractor who runs the lab for the U.S. Department of Energy violated their constitutional rights by unfairly denying exemption requests. Employees have said the lab may lose up to 10% of its employees due to the vaccine mandate.

Chicago police union head urges cops to defy vaccine mandate - Associated Press

U.S. pastors, advocacy groups mobilize against COVID-19 vaccine mandates - Reuters

Covid-19 Vaccine-Mandate Bans Tread on Uncertain Legal Ground - The Wall Street Journal

The Biden administration announced an investment of $100 million in the National Health Service Corps to address the U.S. healthcare worker shortage. The news comes as labor shortages in the healthcare industry have driven labor costs up for medical facilities. Some economists have said worker participation may not return to pre-pandemic levels as 2.7 million people remained long-term unemployed in September.

The Great Resignation Is Accelerating - The Atlantic

No unemployment checks for health workers who refuse vaccine - Associated Press

The National Hockey League announced that all but four of its players have been vaccinated against COVID-19, showcasing a 99% vaccination rate as the hockey season begins. Vaccination policies in major league sports have varied across leagues as the NFL instituted a mandate for players and staff while the NBA put in place a number of restrictions for players unwilling to get vaccinated.

The Brooklyn Nets’ Kyrie Irving defends his decision not to get vaccinated. - The New York Times

‘I will play under the conditions that have been set’: Tsitsipas backs Australian Open COVID measures - The Sydney Morning Herald

@charlottecrrll: The WNBA has led the way when it comes to vaccines in sports leagues. Learn a little more on how their efforts stack up against other leagues

"Amid 'Great Resignation,' banks see lowest turnover in years" - Consulting.us / Source: Crowe’s 2021 Bank Compensation and Benefits Survey

CONTENT FACTS

Turbine Labs has tracked 21,749 media articles and blogs and 19,730 social media posts over the last 24 hours.

The next Turbine Labs Leadership briefing will be delivered on Monday, October 18, 2021 at 9:30AM ET.

Questions or feedback? Don't hesitate to reach out to us directly.

Boeing said it will require nearly 125,000 U.S. employees to receive a COVID-19 vaccination by Dec. 8 under President Joe Biden’s executive order requiring federal employees and contractors to receive the shots. Boeing said its U.S. employees will either need to show proof of vaccination or have an approved medical or religious exemption.

Boeing Deals With New Dreamliner Defect Amid Production Problems - The Wall Street Journal

Biden employer vaccine mandate could be finalized as early as next week - NBC News

Delta Air Lines CEO says 90% of employees are vaccinated against Covid without company mandate - CNBC

Stock futures rose Thursday as major banks reported earnings. Bank of America’s third-quarter profit increased 58%, suggesting banks’ lending businesses are improving from a pandemic slump. The second-largest U.S. bank earned $7.69 billion, a $4.88 billion a year increase when compared to a year earlier.

Stocks rise as Wall Street wades into bank earnings blizzard - Reuters

Economic challenges piling up for the Biden administration - The Washington Post

Those who received a Johnson and Johnson coronavirus vaccine are better off getting a booster shot from Pfizer or Moderna, according to preliminary data from a federal clinical trial mixing and matching COVID-19 vaccinations. Although all the vaccine combinations lifted antibody levels, Pfizer's and Moderna’s boosters appeared to have a higher increase in their antibody responses more often than those who received an extra dose of JandJ.

Johnson and Johnson Covid-19 Booster Shot Bolsters Immune Defense, FDA Staff Say - The Wall Street Journal

U.S. FDA staff says Moderna did not meet all criteria for COVID-19 boosters - Reuters

What to expect from FDA panel on boosters for Moderna, Johnson and Johnson vaccines - ABC News

@Yamiche: A key federal advisory committee is set to begin two days of meetings that are expected to strongly influence decisions on whether at least some recipients of the Moderna and Johnson and Johnson coronavirus vaccines will soon be eligible for booster shots.

Soaring natural gas and coal prices are putting pressure on power-generation companies to switch to oil, a trend that could add half a million barrels a day to global demand, the International Energy Agency said. Roughly half of U.S. households that use natural gas heat can expect to spend 30% more on their bills, according to the Energy Information Administration. The IEA increased its global oil demand forecasts for this year and the next by 170,000 and 210,000 barrels a day, respectively.

From cars to gasoline, surging prices match a 13-year high - Associated Press

Biden team asks oil industry for help to tame gas prices - Politico

@ChuckGrassley: energy prices on rise incl crude oil up 64% + natural gas almost doubled in 6 mos + heating oil up 68% + coal prices at record high +Americans are paying $1 more at the pump than last yr + inflation =b4 winter weather causes prices to spike further energy independence in jeopardy

Six in seven COVID-19 infections remain undetected in Africa, according to the World Health Organization, proving the pandemic’s impact on the continent with the fewest vaccinated individuals could be underestimated. Roughly 90,000 Americans likely died from June through September for failing to get vaccinated against COVID-19, according to Kaiser Family Foundation analysis. The study found the disease was the country's second-leading cause of death last month.

Most African countries missed a target to vaccinate 10 percent of their people. - The New York Times

Vaccines may have prevented a quarter-million Covid-19 cases and 39,000 deaths among seniors - CNN

@thehowie: Quietly (without much notice by most), Russia is at a new record for cases and deaths today. They are one of least vaccinated countries in the world (31% fully vaccinated).

"U.S. Consumer Prices Outpace Forecast as Inflation Dogs Economy" - Bloomberg / Source: Bureau of Labor...

The House of Representatives approved a short-term extension of the debt ceiling by $480 billion on Tuesday, temporarily avoiding a fiscal crisis and putting off the risk of a first-ever default until December. The bill now travels to President Joe Biden’s desk for approval, allowing the Treasury Department to pay the nation’s bills until early December.

Sen. McConnell warns Biden the GOP won't help with debt ceiling again - MSNBC

What a U.S. debt ceiling extension means for bond markets - Reuters

@RepDLamborn: This city has a spending problem. Instead of raising the debt ceiling, we should immediately work to reduce our ballooning federal deficit.

Workers quit their jobs at a record-setting pace in August, with employment vacancies falling to 10.4 million during the month, a drop of 659,000 from July numbers. The Labor Department’s report showed quits, which are measured against total employment, hit a new series high dating back to December 2000. The quit rate is evidence of the considerable leverage workers have in today's economy.

More Americans are quitting their jobs. Here is how to do it - Reuters

'The great reimagination of work': Why 50% of workers want to make a career change - CNBC

Americans are quitting jobs at record rates, while job openings tick down - CBS News

@byHeatherLong: Serious Q: When did manufacturing jobs become so unwanted? Is it covid exposure? Vaccine mandates? Lack of flexibility? In 2021, Americans are quitting manufacturing jobs at the highest rate we've ever seen. 306,000 workers quit manufacturing in August. 300,000 quit in July.

U.S. stock futures remained mostly flat Wednesday as investors awaited the start of earnings season and a new inflation reading. A key measure of inflation expectations showed continued U.S. inflation growth in September as pandemic-related shortages of labor and materials raised prices.

The Biden administration’s scramble to tame inflation - CNN

Social Security Payments Could Increase the Most in 40 Years - The Wall Street Journal

Cargo traffic jams are hitting glass bottles too. Your pantry staples could cost more - NPR

@LizAnnSonders: Inflation surprises continue to look much worse than economic surprises … spread between @Citi⁩ Inflation Surprise and Economic Surprise Indexes has bounced off recent lows but still deeply negative

The White House is expected to announce a pledge from the Port of Los Angeles, one of the country’s busiest ports, to operate around the clock Wednesday. By operating 24/7, the Port of Los Angeles will join the neighboring Port of Long Beach, California, and major Asian and European ports that operate continually. The White House is also set to announce that Walmart, FedEx and UPS will expand their hours of operation in an effort to address supply chain shortages.

The global supply chain nightmare is about to get worse - CNN

Apple may cut iPhone 13 production by millions as US warns of Christmas shortages - The Guardian

Container ships stuck at sea as supply chain backlog hits U.S. ports - CBS News

@joncoopertweets: "As the global economic recovery continues to gather steam, what is increasingly apparent is how it will be stymied by supply-chain disruptions that are now showing up at every corner," Moody's wrote in a Monday report.

The U.S. announced it will lift restrictions at its land borders with Canada and Mexico for fully vaccinated foreign travelers in November, relaxing bans that have been in place for more than 18 months. The first phase, starting in early November, will allow fully vaccinated visitors traveling for nonessential reasons to cross land borders. The second phase, starting in early January, will apply the vaccination requirement to all inbound foreign travelers.

As International Travel Returns, Confusion Over Vaccines Reigns - The New York Times

@RepDelBene: This announcement is long overdue. After many months of hardship, reopening the northern border to our Canadian neighbors will begin to...

Amazon announced its office employees can continue to work remotely if department leaders decide not to call workers back to the office. The decision is another adjustment to the company’s return-to-office plans amid a surge of delta variant cases. Amazon’s embrace of remote work comes as U.S.workers return to the office at a rate higher than any point during the pandemic.

Anxious And Stressed Returning Office Workers Create Challenges For Companies - Forbes

Remote work is causing anxiety levels to spike: Here’s what creative bosses are doing about it - Digiday

Texas Gov. Greg Abbott issued an executive order Monday barring private companies from implementing vaccine mandates. The governor has asked state lawmakers to sign similar legislation into law, but urged Texans able and willing to get the vaccine to do so. Large companies with a presence in the state such as Facebook said they are reviewing the order and have not yet announced changes to their vaccine policy.

As Biden's vaccinate-or-test mandate approaches, questions arise over enforcement - NBC News

Nearly 90% of Washington state employees have complied with COVID-19 vaccination mandate - The Seattle Times

Practical Strategies for Manufacturers Managing COVID-19 Testing, Vaccine Mandates - The National Law Review

Drug manufacturer Merck applied for emergency use authorization of its antiviral COVID-19 pill Molnupiravir on Monday which, if approved, will be the first oral antiviral treatment for the disease. Observers have praised the medication and said it would be a “huge deal” if approved, although health experts warned that the drug is not a substitute for vaccination. The drug is expected to be available for U.S. residents later this year if approved by the Federal Drug Administration.

Moderna has no plans to share its COVID-19 vaccine recipe - Associated Press

AstraZeneca antibody cocktail study shows success treating COVID-19 - Reuters

@DrLeanaWen: We need antiviral treatments because #covid19 is here for the foreseeable future. An oral, outpatient medication (like molnupiravir from Merck, if authorized) is an important tool to reducing the harm caused by the virus. Importantly, it does not replace the need for vaccination.

Kraft Heinz CEO Miguel Patricio warned consumers to prepare for rising food prices as costs have increased with “inflation across the board.” Patricio cited heightened logistics costs and labor shortages in the U.S. as primary reasons for rising prices in the country. Economist Nouriel Roubini has said inflation is likely to continue ticking up while economic growth stagnates and predicted that the Federal Reserve is unlikely to raise interest rates.

Stocks and bonds struggle under stagflation threat - Reuters

There Is Shadow Inflation Taking Place All Around Us - The New York Times

@PeterSchiff: This is the type of nonsense peddled by the mainstream media as being expert economic analysis. Higher #inflation isn't good for the economy, and it's particularly harmful to average Americans. Unfortunately it's not transitory and it will get much worse.

Southwest Airlines canceled more than 2,000 flights over the weekend due to a number of factors ranging from weather challenges to air traffic control issues. The airline noted that because it has been operating fewer flights than before the pandemic rescheduling passengers was a challenge. While the airline’s stock shares slipped on Monday the company predicted flights will normalize this week.

Pent-up travel demand could lead to holiday headaches - Axios

Southwest Airlines, union insist pilots didn’t walk out to protest vaccine mandates - The Dallas Morning News

Fauci says vaccine mandate for domestic air travel is not expected ‘immediately’ - The Washington Post

"Will this holiday sparkle? Consumers are ready to bring the shine" - PricewaterhouseCoopers / Source: PwC Holiday Outlook 2021

CONTENT FACTS

Turbine Labs has tracked 22,115 media articles and blogs and...

The Arkansas state Senate passed a bill protecting an employee’s right to privacy regarding their vaccination status Thursday, and both the House and Senate sent identical bills to Gov. Asa Hutchinson to exempt employees from federal or employer vaccine mandates. Although Hutchinson has said he does not support a federal vaccination mandate, he expressed concern over placing a state mandate on employers and “defining the employer-employee relationship.”

Employer Asks Workers Seeking Religious Exemption from Vaccine Mandate to Swear Off Tylenol and Tums - JD Supra

Fired for refusing a Covid vaccine? You likely can't get unemployment benefits - CNBC

@JournoChrisATL: Arkansas legislation would let employees opt out of workplace Covid vaccine mandates by testing negative weekly or showing immunity through antibody tests twice annually. Similar bills are pending in Ohio and Texas

President Joe Biden encouraged more U.S. businesses to obligate workers to get COVID-19 vaccinations Thursday, saying it is vital to ending the pandemic and boosting the economy. The White House also released a report showing that vaccine mandates increased employee vaccination by more than 20 percentage points as more than 25% of businesses and 40% of hospitals have put vaccine requirements in place. Nearly 80% of eligible adults have received at least their first dose.

As Covid fears in C-suite stay high, most big companies ‘totally support’ Biden vaccine mandate: CNBC survey - CNBC

Mandating vaccines? How tracking tech can help with the next step - HR Executive

With COVID-19 mandates rolling out, what to know about religious exemptions - ABC News

@kylegriffin1: President Biden: "Here's the deal: These requirements are already proven that they work … The Department of Defense has gone from 67% of active duty force vaccinated to 97% ... Just six weeks into this vaccination requirement. That's how quickly it's moved."

U.S. employment increased less than anticipated in September as government payrolls declined, but hiring could pick up in the coming months as a wave of summer infections subside. Non-farm payrolls increased by 194,000 as the unemployment rate fell to 4.8%. Federal Reserve officials continued a balancing act between fostering a return to full employment while managing inflation.

Inflation has already cleared hurdle for rate hike, but employment criteria not met yet: Fed’s Mester - MarketWatch

Survey: Increasing Number of Top Economists Now Expecting Fed Rate Hike Over Coming Year - Bankrate

Jim Cramer says the key to taming inflation is beating Covid, not higher interest rates - CNBC

Demand for new office space reached a 15-month high in August, hitting just 13% below pre-pandemic levels. Shared office space company WeWork reached $228 million in revenue in September and reached 60% occupancy, signaling an increased demand as more employers bring workers back to shared spaces.

Portland Office Space Declines as Business Resumes - Willamette Week

Reports: Boston, Texas and Florida at forefront of office space recovery - Connected Real Estate Magazine

Toronto, Valparaiso, Berlin, Honolulu top list of best places for remote work - ZDNet

Halloween stores are urging customers to buy costumes now as a nationwide truck shortage and fewer lockdowns put pressure on costume supply. Extreme weather impacted pumpkin growth nationwide amid pandemic-related shipping delays, creating another shortage for the fall season. Costco and other retailers will likely see constraints on Christmas trees this winter following droughts and global supply chain issues impacting the entire industry.

Supply chain havoc is getting worse — just in time for holiday shopping - Vox

Oh my gourd! Pumpkin shortage could impact Halloween - WCNC

Toymakers race to get products on shelves amid supply clogs - Sentinel-Tribune

@gutavsaraiva:On today's episode of "the supply-chain chaos that might ruin Christmas," @gerryfsmith and I write about how booksellers