The Tesla Semi truck finally arrives...
December 02, 2022 [View Online]( | [Sign Up]( | [Shop]( [Morning Brew]( TOGETHER WITH [Revela]( Good morning. Your Morning Brew Wrapped is here! You opened 315 emails, read 118 stories about inflation kicking you in the face, and ignored 4,000 solicitations to share the Brew. Your news-reading personality type is: Quiet-Quitting Exhausted Hopeful Desk Goblin. âMatty Merritt, Max Knoblauch, Sam Klebanov, Neal Freyman MARKETS Nasdaq 11,482.45 +0.13% S&P 4,076.57 -0.09% Dow 34,395.01 -0.56% 10-Year 3.511% -9.5 bps Bitcoin $16,932.73 -0.93% Salesforce $147.29 -8.09% *Stock data as of market close, cryptocurrency data as of 5:00am ET. [Here's what these numbers mean.]( - Markets: Stocks were a mixed bag as this ultra-busy week for economic data wraps up. Yesterday brought some hopeful news: The inflation gauge Fed Chair Jerome Powell has said is the âmost importantâ for understanding price growth [slowed down]( in October for its smallest increase in three months. Today is all about the jobs report. A softening labor market could give Powell more justification to reduce the size of rate increases at the upcoming Fed meeting.
- Stock spotlight: Salesforce stock [tanked]( after Wednesdayâs announcement that one of its co-CEOs, Bret Taylor, will leave by January. Â TRANSPORATION [Beep beep, your Tesla Semi is finally here](
[Tesla Semi with Pepsi can on the bed.]( Francis Scialabba Three years behind schedule, Tesla Semis will finally join their diesel-guzzling pals in boxing you in on the interstate. Last night, the automaker [delivered]( its first electric semitrucks, which are expected to be more powerful and able to travel further than any EV currently whizzing down I-80. The first company to get the trucks will be Pepsi, which was in the long haul for the long hauls. It ordered 100 trucks when they were first announced in 2017. The industry is pumped for the Tesla Semi Right now, electric trucks are limited by their range: Renaultâs EV semi, for example, can only travel ~125 miles on a single charge. These electric trucks are used only for local and regional trips so they can charge at factories and distribution centers overnight. But Elon Musk promised that his truck could drive 500 miles on a single charge, a feat that would change the game for adoption of heavy-duty EVs. However, there are more [speed bumps]( for EV semis than even an 18-wheeler can clear: - Batteries in these trucks are extremely difficult and expensive to produceâespecially right now as lithium, the main component of an EV battery, and other crucial minerals are in short supply.
- The amount of electricity required to power EV trucks is staggering. Seriouslyâthe projected power needed to convert a single gas station into a charging station to support smaller EVs and semis by 2035 would be the amount a small town needs, according to a study from National Grid. Unlike personal EVs, which have taken off in recent years, EV semitrucks are still on training wheels. If the Tesla Semi succeeds, it could be a big win for 1) the young commercial EV industry and 2) Tesla, which needs a boost after its stock plunged more than 50% this year and its CEO Musk got distracted fighting with Stephen King on Twitter.âMM Â Â Â mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=Beep%20beep%2C%20your%20Tesla%20Semi%20is%20finally%20here%3A%20https%3A%2F%2Fmorningbrew.com%2Fdaily%2Fstories%2Ftesla-electric-semis-3-years-after-promised%3Futm_campaign%3Dmb%26utm_medium%3Dnewsletter%26utm_source%3Dmorning_brew%0A%0AWant%20more%20great%20content%3F%20Subscribe%20to%20Daily%20Brew%20%E2%80%94%20Delivering%20the%20latest%20business%20news%20from%20Wall%20St.%20to%20Silicon%20Valley%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3D4904f90a%26utm_source%3Demail_share%0A TOGETHER WITH REVELA [Bundle up with growth](
[Revela]( This colder weather means itâs time to bundle upâin your sweaters, thermals, and that puffer jacket you had to dig out from the back of your closet. But thereâs one last thing you might wanna bundle: your hair serums. Revelaâs got the perfect bundles for hair-growing season: the [Hair & Brow Revival Bundle]( + the [Hair Intensive Bundle](. Both exclusive bundles feature Revelaâs key ingredient for hair recovery, ProCelinylâ¢, which directly targets dormant follicles to help you see the difference in as little as 6 weeks. Get a head start on making 2023 all about feeling your best. Use code [MORNINGBREW15]( for an additional 15% off at checkout. WORLD [Tour de headlines](#)
[US Supreme Court building]Drew Angerer/Getty Images Student debt relief is headed to the Supreme Court. The highest court in the land will [decide]( if the Biden administration can enact its plan to forgive up to $20,000 in student loan debt per federal borrower. The justices agreed to hear the case after the DOJ asked them to lift an injunction from an appeals court that stopped the program from taking effect. That hold will remain in place for now, but SCOTUS fast-tracked the student debt case and will hear arguments in February. Last week, Biden again extended the freeze on student loan repayments. Thereâs a lot going on with the British royals. Letâs start with the [racism scandal](: The late queenâs former lady-in-waiting, Lady Hussey, stepped down from royal service and apologized after she was accused of repeatedly asking Ngozi Fulani, founder of the charity Sistah Space, where her âpeopleâ came from at a reception. Lady Husseyâs actions drew a rebuke from her godson, Prince William, who is in Boston with his wife, the Princess of Wales, for their first US visit in eight years. On top of all that, yesterday Netflix dropped the trailer for its documentary about Prince Harry and Meghan, which is sure to portray the monarchy in a negative light. The College Football Playoff expands. The new playoff format, slated to begin in 2024, will include [12 teams](, a big jump from the current four. That means more high-stakes college games throughout the winter and a championship game (on January 20, 2025) thatâs more than a week later than the date of this yearâs title game. It also, of course, means more money. The new format is projected to generate an additional $450 million in gross revenue for conferences and schools that make the top 12. But, hey, if your team doesnât make it, thereâs always the [Cheez-It Bowl](. GOVERNMENT [Biden and Macron break baguettes together](
[Presidents Biden and Macron]( Photo Illustration: Dianna âMickâ McDougall, Photo: Kevin Dietsch/Getty Images Lavish feasts underscored with simmering tension: Itâs the recipe thatâs led to The Crown receiving 63 Emmy nominations and also something that occasionally happens IRL, too. President Biden [hosted]( French President Emmanuel Macron at the White House last night for the first state dinner held since 2019âa diplomatic honor reserved for the USâ closest allies. If youâre a fan of luxurious meals, this oneâs gonna hit hard for you. The night featured Maine lobster, trolley car shuttles, and live music by Jon Batiste. Both presidents exchanged vinyl records. In hosting Macron for his administrationâs first state dinner, Biden is doing the world-stage equivalent of sending an ice-breaking monkey meme in the fantasy football chat after an unsanctioned Josh Allen trade. The dinner is part of an effort by Biden to repair the relationship between the two countries after a controversial US submarine contract with Australia last year undermined a French deal and caused Macron to recall his ambassadors to both countries. What else is throwing the vibe off? Well, France pretty much hates Bidenâs Inflation Reduction Act. Macron criticized the legislationâs EV tax credits, which he and other EU leaders feel discriminate against European producers. For his part, Biden acknowledged âglitchesâ in the law and said there were potential tweaks to be made for European allies.âMK Â Â Â mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=Biden%20and%20Macron%20break%20baguettes%20together%3A%20https%3A%2F%2Fmorningbrew.com%2Fdaily%2Fstories%2Fbiden-macron-state-dinner-tensions%3Futm_campaign%3Dmb%26utm_medium%3Dnewsletter%26utm_source%3Dmorning_brew%0A%0AWant%20more%20great%20content%3F%20Subscribe%20to%20Daily%20Brew%20%E2%80%94%20Delivering%20the%20latest%20business%20news%20from%20Wall%20St.%20to%20Silicon%20Valley%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3D4904f90a%26utm_source%3Demail_share%0A TECH [OpenAIâs new chatbot makes for great conversation](
[AI chatbot messaging user]( Francis Scialabba If youâre fed up with flaky texters, you might want to hit up ChatGPT, a new chatbot from OpenAI. ChatGPT will never ghost you and is capable of responding with cogent wisdom to queries on a wide range of topics, from Modern Monetary Theory to relationship advice. [OpenAI chatbot conversation]OpenAI Many observers are marveling at ChatGPTâs prospects as a replacement for traditional search engines, and human jobs like tutoring and [economics punditry](. But while this chatbot can in some cases be more helpful in tackling a coding problem than your Intro to Python 101 classmates, it probably isnât coming for your 9-to-5 any time soon. It even says so itself. [OpenAI chatbot conversation]OpenAI OpenAI warns that its chatbot can generate false information, often uses verbose language, and is mostly ignorant of current events after 2021 (perhaps it should subscribe to the Brew). Users are finding issues ranging from annoying to potentially dangerous: The chatbot is prone to nonsensical rambling, but it can also be [easily tricked]( into sharing harmful information. Zoom out: ChatGPT runs on a reinforcement learning algorithm, relying on human feedback to get better. The current iteration of the chatbot was released to the public to collect âexternal feedback,â OpenAI says. So [go play with it](.âSK Â Â Â mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=OpenAI%E2%80%99s%20new%20chatbot%20makes%20for%20great%20conversation%3A%20https%3A%2F%2Fmorningbrew.com%2Fdaily%2Fstories%2Fopenai-s-new-chatbot-makes-for-great-conversation%3Futm_campaign%3Dmb%26utm_medium%3Dnewsletter%26utm_source%3Dmorning_brew%0A%0AWant%20more%20great%20content%3F%20Subscribe%20to%20Daily%20Brew%20%E2%80%94%20Delivering%20the%20latest%20business%20news%20from%20Wall%20St.%20to%20Silicon%20Valley%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3D4904f90a%26utm_source%3Demail_share%0A GRAB BAG [Key performance indicators](#)
[A man puts up prices at a gas station ]Francis Scialabba Stat: Your family may have aired a lot of grievances around the Thanksgiving table, but one thing they probably didnât complain about was gas prices. The national average price for a gallon of regular ($3.47) is now [lower]( than it was in February when Russia invaded Ukraine, which caused oil and gas prices to spike. While lower gas prices are a welcome holiday gift for drivers, theyâre also a pessimistic sign for the economy: Demand for fuel is dropping as the world hunkers down for a potential recession. Quote: âHaving watched two interviews, the word âdelusionalâ kept coming to mind.â Former FTX CEO Sam Bankman-Fried, whoâs been on a whirlwind apology tour in the media, is failing to convince industry leaders that he didnât commit massive crimes. Galaxy Digital CEO Mike Novogratz [told Bloomberg](, âThe reality is that Sam and his cohorts perpetuated a fraud,â and in an interview with TMZ, Mark Cuban said SBF should be âafraid of going to jail for a long time.â Read: Two conspiracy theories about cola. ([Dynomight]() TOGETHER WITH KIMPTON HOTELS
[Kimpton Hotels]( The gift of travel. Treating yourself or a loved one to a Kimpton Hotels getaway can also do a lot of good. [Sign up for a free IHG One Rewards account]( and book a stay by Dec. 5 to save up to 20% off the best flexible rateâand Kimpton will donate $5 per night to No Kid Hungry. [Book now](. QUIZ [Quizzing me softly](
[Weekly news quiz]( The feeling of getting a 5/5 on the Brewâs Weekly News Quiz has been compared to dropping your phone on concrete, gingerly picking it up while fearing the worst, and finding out that the screen didnât crack. Itâs that satisfying. [Ace the quiz](. WHAT ELSE IS BREWING - [The Senate]( followed the House in passing a bill that would block a nationwide rail strike. The bill will now head to Bidenâs desk for his signature.
- [Twitter]( is offering âuncommonly generous dealsâ to advertisers to incentivize them to spend on its platform, according to Marketing Brew.
- [South African President Cyril Ramaphosa]( is being called on to resign for covering up a theft from his private game farm. Quirky detail: The money had been stashed in a leather sofa.
- [Stéphanie Frappart]( became the first woman to referee a menâs World Cup match yesterday. Other World Cup updates: Today is the final day of group play, Germany crashed out of the tournament, and US star Christian Pulisic said his family jewels were [spared]( after suffering a âpelvic contusionâ in the previous game against Iran. BREW'S BETS Friday jam: â[Seven Nation Army](â but on seven devices. Life, in pictures: 10 [powerful visuals]( about psychology and life. Become more data-driven: Youâll learn all the basics of business analytics, evaluating company financials, and financial modeling in the Brewâs Business Analytics Accelerator. [Check out the program guide]( for a course breakdown. Prioritize your mental health: Taking care of yourself matters, and [BetterHelp]( can connect you to a therapist who fits your needs within 48 hoursâwithout having to leave home. [Get 25% off your first month](.* Our gift picks: The Brew editors scoured the web to find [the perfect gifts]( for the WFH devotee, the gadget obsessed, the peeps who practically live at the airport, and everyone in between. [Check it out](. *This is sponsored advertising content. GAMES [The puzzle section](#) Picdoku: Scheduling updateâ¦Picdoku is now moving to Fridays! Todayâs puzzle is dedicated to all the philatelists who read the Brew. Donât know what that means? [Click here to find out](. Friday puzzle The words âwonâ and âsunâ rhyme despite having different vowels. Can you name four common, uncapitalized, four-letter words that a) rhyme with each other b) have only one vowel each but c) all have different vowels? AROUND THE BREW [The secret to Abercrombie & Fitchâs rebrand](
[The secret to Abercrombie & Fitchâs rebrand]( Marketing Brew explores how Abercrombie & Fitch changed its brand image and used influencers to win over a new [customer base](. On [Business Casual](, Nora talks to the founder of Bridesmaid for Hire, Jen Glantz, and Zolaâs co-founder and CEO, Shan-Lyn Ma, about disrupting the wedding industry. Are you overwhelmed by data? Donât hit that panic button just yet. With the Brewâs Data Storytelling sprint, youâll learn how to create dashboards to keep you on track. [Sign up here](. Is your finance team recession-ready? Identify your businessâs competitive edge and prepare for an economic downturn with [this guide]( from CFO Brew. ANSWER One answer is âbird,â âcurd,â ânerd,â and âword.â Can you think of any other set of four-letter words? Let us know. Written by [Neal Freyman](, [Max Knoblauch](, Sam Klebanov, and [Matty Merritt]( Was this email forwarded to you? Sign up [here](. WANT MORE BREW? Industry news, with a sense of humor â - [Emerging Tech Brew](: AI, crypto, space, autonomous vehicles, and more
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