Executive Leadership Briefing

Employee anxiety is growing due to the rise of the delta variant, with some saying they feel pressured to return to the office without added precautions. The Centers for Disease Control and Prevention changed course in its mask guidelines on Monday, advising that even vaccinated people wear masks indoors in regions where the virus is surging. The CDC also recommended indoor masks for all teachers, staff, students and visitors at schools nationwide, regardless of vaccination status.

Schools Brace for a Chaotic Reopening With Delta Raging - Bloomberg

With virus surge, US to keep travel restrictions for now - Associated Press

@GMA: "We did, over this last several days now, see new science for demonstrated that those who were vaccinated, that they could, in fact, transmit, if they are one of those rare breakthrough infections.” — CDC director Dr. Rochelle Walensky on new mask guidance.

President Joe Biden is considering a vaccine or testing mandate for all federal workers, falling in line with mandates in California and New York that require public employees to either get vaccinated or wear masks and regularly show proof of a negative virus test. Vaccine resistance remains strong especially among white evangelicals, posing hurdles for church leaders who hope to persuade them otherwise.

McConnell strives to counter 'bad advice' to boost U.S. Republican vaccination rate - Reuters

Georgia US Rep. Marjorie Taylor Greene sues Pelosi over mask fine - Atlanta Journal-Constitution

Google reported a 2% jump in revenue in second-quarter earnings, with the rise fueled by demand for online advertising. Apple forecasted slowing revenue growth at its earnings call, signaling that the company could no longer hold off the effects of the global chip shortage.

Microsoft bests earnings estimates as Azure posts 51% growth; shares fall - TechCrunch

Spotify’s paid subscribers hit 165M as podcast listening ‘improved modestly’ - The Verge

@tomwarren: It feels like the global chip shortage is starting to hit Big Tech more. Microsoft seeing the impact on Surface / Windows this Q, and now Apple is warning of impacts to iPhone / iPad for September Q

Average hourly pay grew at a rapid clip of 3.6% in June compared to 2020, but even faster inflation may have offset the growth. Economists who use a metric called real wages — a measure of income after accounting for the cost of goods and services — said average pay declined by about 2%.

Fed Meeting Will Focus on Tapering Timeline - Wall Street Journal

Economists say inflation won't last; CEOs beg to differ - Reuters

How extreme weather feeds inflation - Axios

Historically Black colleges and universities are deploying federal pandemic funds to forgive millions in student debt, citing students’ difficult financial situations following the pandemic. Many students dropped out who could not afford to pay off their balances and re-enroll for the next term.

Walmart To Pay Full College Tuition And Books For Workers - NPR

NJ college to erase $5 million in student debt, offering lottery for vaccinated students - PIx11

"Wages are rising, but inflation may have given workers a 2% pay cut" - CNBC / Source: Bureau of Labor Statistics

CONTENT FACTS

Turbine Labs has tracked 26,945 media articles and blogs and 22,354 social media posts over the last 24 hours.

The next Turbine Labs Leadership briefing will be delivered on Thursday, July 29 at 9:30AM EST.

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

California became the first state to mandate a coronavirus vaccine or regular testing and mask-wearing for all public employees, joining New York City hours after the mayor announced a similar requirement for municipal workers. An industry group representing about 300 bars in San Francisco directed its members to require customers to show proof of COVID-19 vaccination or a negative test to drink indoors, underscoring the growing pressure on private entities to take a tougher stance on vaccines to stomp out the rising delta variant.

DOJ says federal law doesn’t bar businesses, agencies from mandating Covid vaccines - Politico

Vaccine mandate calls fueled by COVID-19's latest spike - The Hill

As Virus Cases Rise, Another Contagion Spreads Among the Vaccinated: Anger - The New York Times

Ten residents in Florida are suing the state for ending federal jobless benefits two months before they were set to expire, arguing that the cutoff was done "for purely partisan and political purposes." An early analysis of the ten Republican-led states that cut the federal unemployment benefits late last month found that unemployment was reduced among older workers but worsened for teens.

Gen X workers may be facing the biggest unemployment crisis, study finds - CNBC

How Unemployment Insurance Fraud Exploded During the Pandemic - Pro Publica

@WFLAJustin: "There’s some who tell me without the federal boost they have $600 dollars a month to pay their bills," @Flaemploylaw said about lawsuit to reinstate federal jobless benefits. @FLDEO is defending the decision to end them in June.

Dealerships are reporting soaring profits this summer thanks to plateauing wholesale prices as automakers falter in the semiconductor chip shortage. AutoNation topped earnings in the second quarter, with sales of new vehicles up 42%, and Tesla sidestepped the effects of the shortage with a record $1.1 billion in quarterly profit.

GM to temporarily halt full-size pickup production due to chip shortage

@SullyCNBC: President Biden wants to secure the supply chain for critical minerals. So we came back to the only operating rare earth mine in America to see where it stands. None of these, no iPhones, Tesla’s or MRI machines. Here’s a breakdown: $MP.

Grocery delivery startups are flocking to major cities around the world, fueled by delivery demands in the pandemic expected to remain as a fixture in normal life. Venture-backed grocery companies have already raised over $10 billion so far this year, prompting some experts to say the crowded market is on the brink of consolidation.

Robots pack orders and drones deliver groceries: Is this the future of food shopping? - Today

Grocery delivery platform Jokr raises $170m to take on Amazon - The Hustle

Instacart Forays Into Warehouses in Food Delivery Market - Wall Street Journal

Pent-up consumer demand has stretched to back-to-school shopping, with sales expected to top $37 billion in a new record this year. Most families are stocking up on new clothes, pens, and backpacks to prepare for in-person class, but some say they are still making purchases to prepare for the possibility of remote learning.

There will probably be a shortage of back-to-school supplies - CNN

@wef: The pandemic has changed global consumer behaviour forever - and online shopping looks set to stay

"The Pandemic Changed How We Spent Our Time" - The New York Times - Source: U.S. Labor Department

CONTENT FACTS

Turbine Labs has tracked 18,044 media articles and blogs and 18,908 social media posts over the last 24 hours.

The next Turbine Labs Leadership briefing will be delivered on Wednesday, July 28 at 9:30AM EST.

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

New York City Mayor Bill De Blasio called on the city’s private businesses to require employee vaccinations and signaled that he would introduce similar mandates for city employees. More hospital systems across the U.S. are requiring a coronavirus vaccine, with as many as one in four healthcare employees still unvaccinated against the virus.

Nashville’s Largest Private Employer Decides To Require COVID Vaccinations, Starting With Leaders - WPLN

Many Health Care Workers Don’t Trust Vaccine, Nationally And In Iowa - Iowa Public Radio

Rick Dennison out as Minnesota Vikings assistant after refusing COVID-19 vaccine, sources say - ESPN

The global supply chain has reached a “perilous moment” as the spread of the delta variant compounds challenges posed by natural disasters and cyber-attacks. AstraZeneca will consider importing its coronavirus vaccines to hard-hit Southeast Asia, while the supply strain in the U.S. has stretched to school cafeterias and inhibited agricultural exports.

Europe’s Recovery Threatened by Supply-Chain, Inflation Squeeze - Bloomberg

Shoe, backpack shortages could be possible for back-to-school shopping - USA Today

More countries are again announcing restrictions between borders, including tougher quarantine requirements for some travelers to Germany and the end of the travel bubble between Australia and New Zealand. French lawmakers advanced a law requiring a “Covid pass” to enter bars, restaurants and touristic sites that proves the visitor is either fully vaccinated, recently recovered from an infection, or has produced a negative virus test.

With $4 billion in losses, Heathrow tells UK: open up travel - Reuters

Northern Ireland Covid travel passport App to be launched soon - Belfast Telegraph

@CBSNews: Hundreds of people protested in Paris on Saturday against the introduction of a health pass and against compulsory vaccinations for health workers as the government seeks to curb a fourth wave of COVID-19 infections in France.

Most U.S. teenagers headed back to school in the coming weeks will be unvaccinated, prompting calls from health officials to increase vaccine accessibility. The number of adolescents expected to be fully vaccinated in the next two weeks would represent about 30% of the 12- to 17-year-old population.

Study finds COVID-19 95 percent lower in vaccinated Philadelphia school employees - The Hill

Texas students won't be required to wear masks. What does that mean as a new COVID strain spreads? - Dallas News

Sparked by pandemic fallout, homeschooling surges across US - Associated Press

@FrankLuntz: With kids headed back to school next month, @BrianCCastrucci from the @deBeaumontFndtn asked one teacher why she opposes COVID vaccine requirements for students aged 12+.

The soaring housing market has pushed some house hunters to back off of their search, citing sky-high home prices and impossible bidding wars. While mortgage rates are historically low, prices continue to reach new records. In Palm Beach, Fla., at least 22 homes have sold for more than $40 million since the beginning of the pandemic.

Why empty offices aren't being turned into housing, despite lengthy vacancies - NBC News

White House Announces New COVID-19 Relief Measures for Homeowners - ABA Banking Journal

@stlouisfed: Permits to build privately owned U.S. housing fell 5.1% in June to an annual rate of 1.598 million. See the breakdown by single- and multi-family housing in FRED:

"Corporate profit margins holding up despite cost inflation, rising wages" - Axios / Source: NABE

CONTENT FACTS

Turbine Labs has tracked 8,695 media articles and blogs and 11,879 social media posts over the last 24 hours.

The next Turbine Labs Leadership briefing will be delivered on Tuesday, July 27 at 9:30AM EST.

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

Stock futures rose Friday, with big tech stocks driving the rally and putting major indexes on track for weekly gains. Twitter announced second-quarter earnings that were stronger than analysts expected with a revenue of $1.19 billion.

People didn't rush back to work when their unemployment benefits were cut early, a new study finds, despite what some GOP governors predicted - Insider

Rising Rents Threaten to Prop Up Inflation - The New York Times

@PaulPage: Sur­veys of busi­nesses across Eu­rope show the strong­est in­crease in ac­tiv­ity in more than two decades, signaling the EU is set to join the U.S. in a robust economic rebound.

The nation’s largest hospital association called for all health workers to be vaccinated against the coronavirus as cases continue to rise. The American Hospital Association (AHA) represents nearly 5,000 hospitals and said "the evidence is clear: COVID-19 vaccines are safe and effective." Other healthcare organizations have recently come out in favor of requiring health workers to be vaccinated.

New York to Require Vaccination or Weekly Testing for City Health Workers - The New York Times

These routine shots already are required in schools, as more states ban Covid-19 vaccine requirements - CNN

@tmprowell: More Hospitals Are Requiring Workers to Get #CovidVaccines. More than 96% of doctors are fully #vaccinated against #COVID19. My advice: look what the most informed people are doing and copy them. #GetVaccinated #pandemic

Critical workers from various sectors remain dismayed by the British government’s apparent confusion over whether staff who are pinged by the NHS test and trace app need to isolate, with upwards of 600,000 told to isolate last week. Dubbed the “pingdemic,” the event has created mounting concern over staff absences even as most restrictions are lifted.

UK to launch daily COVID tests in food sector to tackle 'pingdemic' - Reuters

What’s a ‘Pingdemic’ and Why Is the U.K. Having One? - The Washington Post

@davidschneider: Your daily reminder that the “pingdemic” is not the problem. The government letting in the Delta variant because they were desperate for a trade deal because of Brexit then opening up to let Covid rip so we have the highest daily cases in the world is the problem.

A widespread internet outage caused several major websites to shut down Thursday, including Amazon, Delta, Capital One and Costco. While disruptions of this nature are often temporary, they raise concerns about the number of websites that rely on just a few content delivery networks, creating a more fragile internet ecosystem.

Banks, brokerages, PSN, the Steam Store, and more went down in massive internet outage

@rwang0: MyPOV: was it a hack? Concentration of power is dangerous. Websites for airlines, financial companies and other businesses briefly went down Thursday amid a far-reaching problem at internet-services provider Akamai Technologies

@aparanjape: Several major websites briefly went down on Thursday in a widespread outage linked to content distribution network Akamai. Akamai said it fixed the issue, and the affected websites were back online by early afternoon.

In an effort to make the transition back to offices easier on employees, experts suggest making the buildings feel “less draining.” This can be achieved through upbeat music, more natural light and plants that improve indoor air quality.

Isolation nation: loneliness afflicts people and pets – and now even plants are feeling it - The Guardian

Two Ways To Remove Old Boundaries For The Modern Workforce - Forbes

"State of the US consumer: July 2021" Deloitte, July 19, 2021 / Source: Deloitte Global State of the Consumer Tracker; Haver Analytics; Deloitte Services LP analysis

CONTENT FACTS

Turbine Labs has tracked 18,501 media articles and blogs and 18,886 social media posts over the last 24 hours.

The next Turbine Labs Leadership briefing will be delivered on Monday, July 26 at 9:30AM EST.

Questions...

Jobless claims rose to a level last recorded in early June with the Labor Department reporting 419,000 for the week ended July 17. The latest figures show the recovery remains uneven, though job gains and consumer spending remain elevated. Overall, numbers have been falling gradually from the peaks seen at the beginning of the pandemic, but the delta variant is sparking renewed fears regarding business closures and restrictions.

Surprise Gain in Jobless Claims Shows U.S. Labor Market Churn - Bloomberg

Stock futures are flat as jobless claims unexpectedly rise - CNBC

@grossdm: Stimulus fading--between June 26 and July 3, the number of people receiving unemployment benefits fell 1.26 million as state end pandemic benefits

Large tech companies in Silicon Valley are navigating the balance between business interests and the wellbeing of employees amid the pandemic’s ever-changing rules and recommendations. Google parent Alphabet Inc. is “strongly encouraging” all returning employees to wear a mask inside Google property at all times while Facebook, employees who provide proof of being fully vaccinated can forgo masks. Apple, whose workers have been one of the most vocal about misgiving in returning to campuses, recently pushed back its return to the office.

Big Tech Companies Are Rethinking Office Reopening as Delta Variant Spreads - Observer

The California Dream Is Dying - The Atlantic

Navigating Out-of-Office Gatherings in the Age of Covid-19 - Bloomberg Law

The French will begin having residents present a “COVID pass” in order to participate in any “leisure activity where more than 50 people are gathered.” This includes museums, cinemas, festivals and swimming pools. The pass confirms the holder is either fully vaccinated or recently tested negative for COVID-19.

France Has Strict New Vaccine Requirements, Could It Work for US? - Healthline

The EU vaccine 'passport' and what it means for travel - BBC

Will vaccine passports ever really take off? - Slate

Fox has quietly implemented its own version of a vaccine passport while its top personalities attack them - CNN

Airlines continued to see a rise in ticket sales despite the prevalence of COVID-19’s delta variant, though international travel is still hobbled due to delays of border openings. Airline executives hypothesized that a high percentage of their best customers are fully vaccinated. An analysis found that the least vaccinated states also earn the least and are largely congregated in the South and Midwest.

IBM and Amadeus integrate travel health platforms amid travel rebound - Reuters

Summer Travel Seasons Don’t Get Weirder Than This One - The Wall Street Journal

Southwest (LUV) and American Airlines (AAL) 2Q 21 earnings - CNBC

@usatodaytravel: More than 2 million people a day, mostly summer vacationers, are packing U.S. airports. That is a turnaround from the lockdown summer of 2020.

The pandemic redefined the office lunch break, which once represented a time for a mental-health break and connection with coworkers. The coronavirus ushered in further layers to the hour, including a renewed interest in health and nutrition, as well as convenience.

‘Game Over’: Food Carts Adjust to a Changed City - The New York Times

Returning to the office? Here’s how to level up your work lunch. - The Washington Post

"For unvaccinated, coronavirus is soaring again" - The Washington Post / Source: Centers for Disease Control and Prevention

CONTENT FACTS

Turbine Labs has tracked 21,594 media articles and blogs and 21,850 social media posts over the last 24 hours.

The next Turbine Labs Leadership briefing will be delivered on Friday, July 23 at 9:30AM EST.

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

Stock futures edged higher Wednesday, suggesting major indexes will extend their rebound after the volatile stretch in trading. Johnson and Johnson reported earnings that beat Wall Street’s expectations, noting it expects to sell $2.5 billion of its COVID-19 vaccine despite mounting concerns regarding the shot’s effectiveness against the delta variant.

More Variants Are Coming, and the U.S. Isn’t Ready to Track Them - Bloomberg

Is the U.S. Economy Too Hot or Too Cold? Yes. - The New York Times

@ahirtens: Markets stabilizing after worst stock fall in months. -U.S. stock futures up, -Treasury yields edging up slightly, -Oil recovering, -Travel stocks rising premarket

Fully vaccinated Americans will be permitted to enter Canada beginning mid-August following nearly 16 months of border closure. The U.S. State Department eased its COVID-19 travel advisory for India and Pakistan and raised alert levels for the U.K. in response to a spike in cases that the Centers for Disease Control and Prevention said may even put vaccinated travelers at risk.

China’s borders will likely remain shut for months, but some may be wary of visiting even after they reopen - CNN

I’m a U.S. Citizen. Where in the World Can I Go? - The New York Times

Coworking spaces are having a resurgence, taking advantage of pent-up remote workers and a confused commercial real estate sector. Corporations like IBM and Palantir are partnering with WeWork and other coworking entities and smaller initiatives are cropping up everywhere. Coworking spaces typically provide a smaller office footprint and allow costs savings and a greater sense of community.

The future of coworking after the global pandemic - CoFounder Magazine

WeWork Prepares For A Second Act — Banking Its Future On The Rise Of Remote Work - NPR

YC-backed Deskimo, an on-demand coworking space app, launches in Singapore and Hong Kong - TechCrunch

@dpontefract: Make it stop. No, you cannot call your hybrid work model a “phygital employee experience.”

The prospect of returning to work can spark anxiety for employees facing addiction or in recovery. More than half of employers surveyed said they are experiencing significant or severe workplace issues due to substance misuse or addiction among their employees, up 36% from March 2020. Addiction can lead to issues in corporate America like lost productivity, turnover and increased medical expenses.

‘The workforce that’s returning is not the same’: As employees return to offices, they may bring new addictions with them - The Chicago Tribune

The unspoken reasons employees don't want remote work to end - Fast Company

Anxious About Returning to Work or School? What to Do - TIME

Employees are finding that dress code norms are changing as they return to the office and workers are feeling more confident testing the waters of casual wear. Many companies, including banks and law firms, are relaxing dress codes, while others move to hybrid work arrangements, blurring the lines of work attire and leisure wear. Nordstrom – betting on Americans buying new wardrobes for social activities and a return to offices – tracked a 165% spike in searches for “work clothes” on its website.

Post-Covid, office wear and other clothing get a rethink as we all try to remember how to dress - NBC News

After Last Year, How Do We Return To Work? - Forbes

"Covid-19 Takes Dramatic Toll on U.S. Life Expectancy" Bloomberg, July 20, 2021 / Source: CDC National Center for Health Statistics

CONTENT FACTS

Turbine Labs has tracked 22,339 media articles and blogs and 23,468 social media posts over the last 24 hours.

The next Turbine Labs Leadership briefing will be delivered on Thursday, July 22 at 9:30AM EST.

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

Stock futures edged higher Tuesday following Monday’s drop related to concerns over the spread of COVID-19 variants. In premarket trading, IBM rose after reporting a rise in revenue driven by its cloud, software and services businesses. Netflix and United Airlines are slated to post earnings after markets close.

Delta variant poses major risk to Biden’s promises of swift economic comeback - The Washington Post

U.S. recession ended in April 2020, making it shortest on record - Reuters

Inflation Is Here — These 35 Metrics Tell You How Much to Worry - Bloomberg

@WSJ: Bets that oil investors made in options markets help explain why crude prices fell so sharply on Monday, and also show that traders are bracing for prices to lurch lower once more

Apple pushed back its return to office deadline to October in response to a global resurgence of COVID-19 cases. Wells Fargo told employees to return to work in two waves this fall, and a memo distributed to employees in San Francisco noted workers do not have to be vaccinated. Public health experts predict the U.S. could see a wave of vaccine mandates as soon as the Food and Drug Administration grants full approval to one or more of the coronavirus shots.

Indiana University Can Require Students to Get Coronavirus Vaccines - The New York Times

France Has Strict New Vaccine Requirements, Could It Work for US? - Healthline

Mandatory Covid-19 Vaccinations On Productions Now An Option Under New Return-To-Work Protocols - Deadline

Work Life The unspoken reasons employees don't want remote work to end - Fast Company

England dropped nearly all of its remaining COVID-19 restrictions in what the U.K declared "Freedom Day.” Surging cases that landed Prime Minister Boris Johnson and thousands of others in self-isolation prompted criticism. The U.S. State Department issued a “do not travel” statement after the Centers for Disease Control and Prevention warned the uptick in cases puts even fully vaccinated travelers at risk.

Mixed signals on England’s ‘Freedom Day’ mean a slow return to the office. - The New York Times

No Freedom Day cheer for UK travel and leisure stocks - Reuters

@picardonhealth: England's reopening is 'deeply immoral, reckless and unethical,' says epidemiologist @dgurdasani1. 'Freedom Day' sees pandemic restrictions lift even as daily infections in the U.K. top 50,000.

China rejected accusations by the U.S., U.K. and their allies that it was behind the Microsoft Exchange hack and other “malicious cyber activities.” The accusations compounded on tensions that already existed between China and the U.S. Separately, the Depart of Justice announced that a federal grand jury in May had indicted Chinese nationals accused of working with official sanction from Beijing to break into computers systems belonging to various U.S. companies and governments.

Microsoft: Chinese authorities slam 'groundless' hacking claims - BBC

Cybersecurity bills gain new urgency after rash of attacks - The Hill

What can the US do to prevent cyberattacks from China? - Marketplace

Officials are working to minimize the risk of COVID-19 after 55 people affiliated with the Olympics tested positive, including two athletes staying in Tokyo’s Olympic Village. Japan has barred all spectators from the Games amid spiking case numbers. The U.S. remains split, with half of Americans supporting the summer Games, which begin Friday, while only 22% of people in Japan share that sentiment.

Let the Games … Be Gone? - The New York Times

Toyota won’t run Olympics ads in Japan and several sponsors’ CEOs will skip the opening ceremony - CNN

@techreview: A global health crisis that is far from over, a staggering amount of money, and a government set on making its gamble pay off: the forces colliding in Tokyo are unprecedented.

"The best and worst cities for remote workers" Axios, July 20, 2021 / Image: Danielle Alberti and Axios; Source: Telstra Ventures

CONTENT FACTS

Turbine Labs has tracked...

U.S. stock futures fell aggressively Monday on concern a rebound in COVID-19 cases could slow global economic growth. Oil prices and government bond yields also slid, stemming from an uptick in cases related to the delta coronavirus variant. The delta variant is now responsible for more than 70% of cases in some parts of the U.S.

U.K. Set for Big Reopening as Cases Soar Most in the World - Bloomberg

Netherlands to reimpose work-from-home as infections soar - Reuters

The Delta variant is so contagious, those unprotected will likely get it, a Trump administration FDA chief says - CNN

The video-conferencing platform Zoom will spend $14.7 billion on a cloud-based contact center software company called Five9 to boost its appeal with business clients. Five9 shares jumped 8.3% in premarket. The acquisition is aimed to accelerate Zoom’s long-term growth after seeing huge success during the pandemic. Innovation remains a top priority for businesses, much like the effort that was seen at the beginning of the pandemic as businesses pivoted to accommodate changing routines.

In Peloton competition with gyms, fitness app Strava can win - CNBC

Panera Adds Two New Catering Programs To Reach Remote And Hybrid Workers - Forbes

COVID-19 forces innovation as companies fight to survive - Crain’s Chicago Business

@danielnewmanUV: New Research Note: Deeper look at the news of @Zoom's intent to acquire @Five9. I like the deal. 34x on revenue but a complete solution to enter contact center AND play more in analytics, #CX, data, and show intent of platform extensibility.

Wells Fargo announced it will start calling employees back to the office starting in September. ​​The firm told its nearly 260,000 staff members their schedules will look very similar to what they did before the pandemic. More U.S. banks are trying to combat turnover and burnout among young workers by offering raises, bonuses and vacations – Wells Fargo offered $20,000 one-time bonuses to some junior workers.

Why are some large banks taking a hard line on workers returning to the office? - Marketplace

Wall Street’s New Rivalry: Who Can Meet the Most People in Person - The Wall Street Journal

How to Have Tough Conversations About Returning to the Office - Harvard Business Review

Amazon founder Jeff Bezos will set off Tuesday morning aboard a fully automated spacecraft he believes will usher in a new era of commercial passenger service. Bezos has been vocal about wanting to have an “entrepreneurial explosion” in space and believed dramatically lowering the cost of access is the first step.

Jeff Bezos and ‘Star Wars’ Inspire Hunt for $1 Trillion Space Unicorn - Bloomberg

Why Space Tourism Will Fall Flat - Intelligencer

@NischalShetty: Jeff Bezos and Elon Musk started space missions about 20 years ago. Thinking of private space missions 20 years ago must have been laughed at by most people around them. But progress is achieved when you envision. I wonder how the crypto ecosystem will be 20 yrs from now 🤔

More job hunters are turning to the viral video platform TikTok to boost their résumés and network, prompting the app to introduce a program allowing people to apply directly for jobs. More than three dozen companies have started hiring people via TikTok.

Chipotle, Target use TikTok to find the workers they need in tight job market - CNBC

TikTok launches new platform for hiring - Human Resource Executive

@NYT_first_said: careertok

"Great Unmet Expectations: Tech Buyers Deserve Better from Sales and Marketing" Bain and Company, July 13, 2021 / Source: Bain and Google Survey

CONTENT FACTS

Turbine Labs has tracked 12,000 media articles and blogs and 11,392 social media posts over the last 24 hours.

The next Turbine Labs Leadership briefing will be delivered on Tuesday, July 20, at 9:30AM EST.

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

The Internal Revenue Service issued $15 billion in child tax credits, part of the Senate relief package passed in March, to the largest number of working families ever. The stimulus will likely provide the most benefit to low-income families as the credit is now fully refundable, making it more accessible to families whose income was previously too low to receive the full child tax credit. The Biden Administration called for the credit to be made permanent to help reduce U.S. child poverty.

Monthly child tax credit payments are one of the best forms of government spending, economist says - CNBC

We Need More Than A Child Tax Credit To Boost Education Outcomes - Forbes

@RBReich: The first child tax credit payments went out to 65 million kids yesterday. It could cut the overall poverty rate by *40 percent*. This is a huge deal and it’s not being talked about nearly enough.

Apple employees said the company is cracking down on remote work requests after rolling out its hybrid work model to return to the office three days a week in September, leading some employees to say they will quit if Apple doesn't change its position. An internal Google survey found that many engineers feel as productive working from home as they do in the office. Yet 75% of employees also said they want more collaboration and social connections at work, leading the company to push for a return to the office.

Google Wants People in Office, Despite Productivity Gains at Home - Bloomberg

While Apple and Google employees aren't happy about going back to a standard work week, the law is on the Employer's side - Patently Apple

@ztlaidlaw: If anything good came out of the pandemic, it proved that many businesses and employees can work with the same efficiency (if not more) with a fully remote schedule. It’s going to be hard forcing employees to go back to the way it was.

U.S. manufacturing dropped unexpectedly in June while motor vehicle production fell amid the continuing global semiconductor shortage. Taiwan Semiconductor Manufacturing Company, the world's largest contract chip manufacturer, said in its recent financial earnings report that automakers should see some ease on the chip strain this quarter, though it still expects chip shortages to continue through next year.

The Car Market 'Is Insane': Dealers Can't Keep Up With Demand -The New York Times

Shortage of chips threatens biometric passport, digital ID supply – and the suppliers - Biometric Update

Japanese consumers are paying less for many goods as the country's economy faces deflation, while the U.S. grapples with rising inflation. As Japan continues to struggle with the coronavirus, prices dipped 0.1% in May from the previous year. While demand has slowed in the country, Japanese exports soared in June thanks to international demand for technology-related goods and rebounding shipments.

Transitory Inflation Is Just Part Of The Covid-19 Recovery - Forbes

Fed’s Powell Concedes Anxiety About Higher Inflation but Resists Policy Shift - The Wall Street Journal

Employees of the St. Jude Children's Research Hospital and its fundraising offshoot will be required to be vaccinated against COVID-19 by early September, according to a company memo. Any employees who refuse the vaccine or do not have approved exemptions will be placed on two weeks of unpaid leave. Protestors gathered at Ohio's Mount Carmel Grove City hospital to oppose Mount Carmel's mandate for employees to be vaccinated, with some claiming that the vaccine is experimental, that they or their kids had been injured by the vaccine, or that their individual rights were in jeopardy.

Hospitals hope mandates will boost workers' stagnant vaccination rates - Connecticut Mirror

Unvaccinated Michigan hospital workers expected to protest mandates for COVID-19 vaccine - WXYZ

@StJudeResearch: We join other hospitals and institutions nationwide that are requiring vaccination to effectively fight COVID-19. St. Jude and ALSAC share a campus...

Initial claims for unemployment in the U.S. totaled 360,000 last week – a new pandemic-era low and in line with Dow Jones estimates. Still, stock futures ticked lower Thursday and government bond yields edged down. Overall, signs of recovery and stronger-than-expected corporate earnings have boosted the market, but investors remain wary that an uptick in COVID-19 infections could threaten progress.

Morgan Stanley earnings beat estimates as stock trading and investment banking top expectations - CNBC

Poll: 1.8 million Americans have turned down jobs due to unemployment benefits - Axios

US is 'losing time' in vaccination race as Delta variant becomes more pervasive, expert says - CNN

Companies are struggling to navigate the balance of return to work guidance along with liability and legal concerns. Experts suggest exploring the purpose of returning to the office, formulating a communication plan so messages are clear and giving proper notice.

Businesses warn of confusion and chaos over Covid workplace guidance - Financial Times

Planning An Office Return? 13 Questions To Ask Employees - Forbes

The future of work has arrived, and it’s messy. - Politico

The pay gap between CEOs and the typical U.S. worker widened during the pandemic. SandP 500 chief executives made 299 times what rank-and-file employees earned, up from a ratio of 264-to-1 in 2019. Companies in the consumer discretionary industry, including retailers like Amazon, had the highest disparity.

CEOs took pay cuts in 2020. But they wound up earning more - Los Angeles Times

BlackRock Is Raising Base Salaries by 8%, Starting in September - Barron’s

Rents Are Out Of Reach For Most Americans Earning Minimum Wage, A Study Says - NPR

@EconomicPolicy: “CEO pay jumped nearly 16% in 2020 while average worker compensation rose 1.8%, according to our preliminary analysis.”

Unions and advocacy groups are asking the Securities and Exchange Commission to take a harder line with private-equity firms, arguing the regulator has been ineffective at curbing abuse and enforcing disclosure within the industry. With PE-owned companies at the height of growth, SPACs and de-SPACs are leading in transactions and melding private and public companies with record numbers.

Private-Equity Firms Are Back at the Deal Table. Here's What to Expect. - Insider

Warehouse for Amazon Aims to Go Public as Single-Property Business - The Wall Street Journal

China's start-up investors look to other markets as regulatory scrutiny on U.S. IPOs builds - CNBC

@ftenergy: “Private equity’s new favourite lender: itself”

Workers shortages and exacerbated pressure put on companies related to the pandemic is driving automation in various industries. Many scientific and biomedical laboratories have turned to robots for routine tests. The explosion of new tools and technologies powering Industry 4.0 is expected to progress sectors aside from medicine, including manufacturing, technology and telecommunications.

Labor shortages and cost pressures are top concerns for CFOs survey finds - Fortune

Humanoid Robot Keeps Getting Fired From His Jobs - The Wall Street Journal

Walmart will be bringing Symbotic robots to 25 distribution centers - TechCrunch

@seattletimes: “Facebook AI researchers say they have developed a ‘breakthrough’ in the race to make robots more human-like. The software enables machines to learn to walk like toddlers. The breakthrough might open the door to cheaper robots.”

"Total U.S. Workers Employed" - Politico / Source: U.S. Bureau of Labor Statistics

CONTENT FACTS

Turbine Labs has tracked 23,696 media articles and blogs and 18,962 social media posts over the last 24 hours.

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