What comes after the iPhone?
November 13, 2023 [View Online]( | [Sign Up]( | [Shop]( [Morning Brew]( PRESENTED BY [Masterworks]( Good morning. Attention, early risers: Not only do you get to brag about being a morning person, but you also could get yourself free donuts after your 5am bootcamp class. To celebrate something called âWorld Kindness Day,â Krispy Kreme is giving away a dozen glazed donuts to each customer. The catch: The free donuts are only available to the first 500 people at each location. Personally, we would have given away a single donut to the first 6,000 customers (to maximize kindness). But thatâs why we write about business and donât run a business. âNeal Freyman, Dave Lozo MARKETS: YEAR-TO-DATE Nasdaq 13,798.11 +32.84% S&P 4,415.24 +15.46% Dow 34,283.10 +3.46% 10-Year 4.645% +76.5 bps Bitcoin $37,036.11 +123.82% Oil $76.91 -0.03% *Stock data as of market close, cryptocurrency data as of 1:00am ET. [Here's what these numbers mean.]( - Markets: Stocks are on a roll, and there are almost too many trophies to hand out. The Nasdaq had its [best day]( since May on Friday, while the S&P 500 has gained for nine of the last 10 sessions, rising 7.2% in that period. Falling bond yields have investors thinking the market is poised for a rally to close out 2023. Â TECH [Will this pin replace your iPhone?](
[Humane's AI pin]( Humane Can an advanced piece of tech convince people theyâre better off returning to a time when smartphones didnât run their lives? Thatâs what startup Humane is attempting with its [Ai Pin]( a futuristic yet in some ways prehistoric âphoneâ that retails for $699 and requires a monthly $24 subscription. With its highly anticipated release of the pin last Thursday, Humane joins a crowd of companies aiming to replace the smartphone with devices that ditch screens and rely on providing voice prompts to ultra-intelligent chatbots. How does it work? Ai Pin has a built-in camera and microphone that ingest information but lacks a traditional screen and keypad. Think of it as a glorified search engine that clips to your shirt and makes everyone in a five-foot radius think youâre recording them. Unlike smartphones, Ai Pin doesnât make you download any appsâthe device is run by the AI-powered operating system Cosmos, which is reportedly powered by OpenAIâs GPT-4 and essentially works by connecting various AIs and other tools as you need them, according to The Verge. What if you want to look at things? While Ai Pin lacks a screen for scrolling, it will use lasers to project information onto your hand. Not everyone is excited by or even understands the point of Ai Pin. Ars Technica [described]( it as âif Google Glass had a baby with a pager from the 1990s,â and The Verge [wrote]( âItâs not yet entirely clear what youâre supposed to use it for.â A more sympathetic reviewer for the [NYT]( called it âequal parts magical and awkward.â The race to make AI-first hardware is on. If a rectangular block with a screen unlocked the power of the mobile internet, what kind of device could do the same for generative AI? Companies are experimenting with [several types of wearables]( Humane is going with a pin, Rewind AI created a pendant that records conversations, and Meta is pursuing Ray-Ban smart glasses. And Fedora AIâ¦well, maybe one day.âDL   PRESENTED BY MASTERWORKS [A Banksy got everyday investors 32% returns?](
[Masterworks]( Mm-hmm, sure. So whatâs the catch? It may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform [Masterworks](. These results arenât cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, realizing +17.6%, +21.5%, and +35.0% net returns even while financial markets plummeted. But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices: - outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class Got your attention yet? Morning Brew readers can [skip the waitlist with this exclusive link](. WORLD [Tour de headlines](#)
[An aerial view shows the compound of Al-Shifa hospital in Gaza City]The compound of Al-Shifa hospital in Gaza City last week. Bashar Taleb/AFP via Getty Images Fighting raged around Gazaâs main hospital. The area around Gazaâs largest hospital, Shifa, was the center of [intense fighting]( between Israel and Hamas and is no longer functioning as a hospital, according to the WHO. The fighting near the hospital has drawn outcry from international health groups, and the US also said it does not want to see âfirefightsâ at medical facilities. Israel accuses Hamas of using the tunnels below Shifa as a command center, and Prime Minister Benjamin Netanyahu said the military intends to evacuate all the patients from the hospital. Senior US and Israeli officials [indicated]( that talks to free some hostages taken by Hamas are developing. Iceland braces for volcanic eruption. Iceland said there was a [âconsiderableâ risk]( of a volcanic eruption in the southwest part of the island in the coming days following a series of earthquakes and the increased spread of magma underground. A town of 3,000 people was told to evacuate ahead of the expected eruption, but flights at the international airport, also in the vicinity, were operating as usual. The Reykjanes Peninsulaâthe area in questionâhad not experienced volcanic activity for 800 years before an eruption in 2021. Marvel hits rock bottom. The studio might be in need of a factory reset because The Marvels just made box-office history in all the wrong ways. The 33rd installment in the franchise brought in a [measly $47 million]( domestically this weekend, the worst opening ever for an MCU movie. And it made over $100 million less than the debut of its predecessor, 2019âs Captain Marvel, the first time a sequel has whiffed by that much in history. While this flop will cause a lot of soul-searching at Marvel, the release wasnât helped by the fact that the actors werenât allowed to promote the film due to their strike, which is now over. RETAIL [Americans when asked how much to tip](
[Bill Belichick mad after game]( NFL Network The American mind canât comprehend tipping in 2023. A new study from the Pew Research Center discovered that [72% of people]( said the long-standing practice of tipping is now expected in more places than five years ago, which appears to be sowing confusion among Americans. âEven as Americans say theyâre being asked to tip more often, relatively few have a great deal of confidence about when and how to do so,â the authors wrote. - About a third say itâs extremely or very easy to know whether or how much to tip for different types of services.
- 21% say tipping is more of a choice, while 29% say itâs more of an obligation. So, where are Americans tipping? The situations when people add a gratuity offer insight into the new tipping landscape. - Dining at sit-down restaurants (92%). Of note: A majority said they would tip 15% or less for an average sit-down meal.
- Getting a haircut (78%)
- Having food delivered (76%)
- Using a taxi or rideshare service (61%)
- Buying coffee (25%)
- Eating at fast-casual restaurants (12%) It all comes back to âtipflation.â The influx of automatic prompts at businesses like coffee shops gives consumers more chances to tip, creating a sense of exhaustion. Even some [self-service kiosks]( are asking you to tip these days.âDL Â Â TOGETHER WITH INTUIT MAILCHIMP
[Intuit Mailchimp]( Sleigh your holiday season. Festive times are upon us, so that means itâs time to think long and hard about how youâre gonna reach your audience this season. The trick? You gotta stay relevant, and [segmentation can help](. Wanna know how? Peep our collab with [Intuit Mailchimp]( for the scoop. CALENDAR [The week ahead](#)
[China's President Xi Jinping and US President Joe Biden shake hands]Saul Loeb/AFP via Getty Images BidenâXi meeting in SF: President Biden and Chinese President Xi Jinping will [meet face-to-face]( for the first time in a year when Xi travels to San Francisco this week. Both leaders have said they want to repair the deteriorating relationship between their countries, the worldâs two largest economies. While heâs in SF, Xi will also be the guest of honor at a dinner with the CEOs of top American companies. Government shutdown looms: Tell us if youâve heard this one beforeâthe government is set to shut down at midnight on Friday, and lawmakers are [scrambling]( to pass a spending bill to keep the government open. On Saturday, House Speaker Mike Johnson unveiled a complex plan to fund the federal government; a vote could come as soon as tomorrow. Retailers in the spotlight: Retailers including Walmart, Home Depot, Target, and Macyâs take the [earnings]( stage this week to give an update on the state of American consumers. On Tuesday, the consumer price index report will give us the latest inflation numbers. Everything else⦠- Formula 1 hits the Las Vegas Strip on Saturday for its first Grand Prix in four decades. Ticket prices are [plunging]( btw.
- The first part of the final season of [The Crown]( will premiere on Netflix on Thursday. These episodes will cover Princess Dianaâs death in an auto accident in 1997.
- Itâs National Unfriend Day on Friday. Go ahead and smash that unfollow button on that annoying social connection without any guilt (please donât let it be us). GRAB BAG [Key performance indicators](#)
[SCOTUS student debt]Francis Scialabba Stat: Despite the Supreme Court striking down President Joe Bidenâs signature $400 billion student loan relief plan, his administration has still found ways to erase [$127 billion in debt]( for student borrowers. The key has been removing red tape around existing initiatives such as the Public Service Loan Forgiveness (PSLF) program and income-driven repayment (IDR) plans. The Biden administration has now [forgiven ~$93 billion]( through PSLF and IDR plansâup from a cumulative total of less than half a billion before Biden took office, according to Bloomberg. Quote: âif taylor swift and travis kelce have a baby, it will usher in a new american baby boom as millions of 25-35yo women follow suit. not far behind will be manufacturing, a housing boom, a tremendous lifestyle shift for millions of newly minted families. a new golden era for america.â Responding to a video of Taylor Swift kissing Travis Kelce after her show in Argentina, @uncledoomer on X [laid out]( one of the most prescient macroeconomic forecasts weâve seen in a while. Read: Why Silicon Valley billionaires like Peter Thiel turned against Trump. ([Washington Post]( NEWS [What else is brewing](#) - [A study]( showed the weight loss drug Wegovyâa high-dose version of the diabetes treatment Ozempicâreduced the risk of serious heart problems and stroke by 20%.
- [The FBI]( is investigating whether NYC Mayor Eric Adams pushed for the opening of a Manhattan high-rise built by the Turkish government in 2021, before his election.
- [Texas A&M]( fired head football coach Jimbo Fisher and will have to pay him the more than $76 million remaining on his contract through 2031.
- [USA soccer legend]( Megan Rapinoe played the final match of her professional career, though it was cut short due to an injury. RECS
[Monday to-do list image] Tuber fever: Nine potato soup [recipes]( to keep you warm and starchy. Storytime: Every story in the world has one of these [six basic plots](. List: The [50 best RPGs]( of all time. Watch: Time-travel 4.5 billion years in 1 hour in this [history of the Earth](. Plan ahead: Donât miss your last chance to enroll in Financial Forecasting, our course that kicks off today. Youâll go from a blank spreadsheet to a completed 2024 budget in just one week. [Register now](. First-in-class medical tech: [Autonomix]( has created a âGPSâ for the nervous system that can target pain at its source. [Invest ahead of their Nasdaq listing]( Stay in the IPO-know: Going public can be the most momentousâand intenseâendeavor a biz undergoes. [Fidelity SPS]( joins CFO Brew to discuss the pros and cons of IPOs + equity solutions. [Watch the chat]( *A message from our sponsor. GAMES [The puzzle section](#) Turntable: Pregame your free donut with a fresh Turntable. [Play the word game here](. International names trivia What does the following list represent? Germany: Max Mustermann Finland: Matti Meikäläinen Many Spanish-speaking countries: Fulano de Tal Italy: Mario Rossi Russia: Ivan Ivanovich The Philippines: Juan dela Cruz SHARE THE BREW [Share Morning Brew]( with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag. Weâre saying weâll give you free stuff and more friends if you share a link. One link. Your referral count: 0 [Click to Share]( Or copy & paste your referral link to others:
[morningbrew.com/daily/r/?kid=4904f90a]( ANSWER These are placeholder names that are equivalent to âJohn Doeâ in the US. Word of the Day Todayâs Word of the Day is: prescient, meaning âhaving or showing knowledge of events before they take place.â Thanks to Alex from Oxford, MI, for the prophetic suggestion. [Submit another Word of the Day here](. ⢠A Note From Masterworks See important disclosures at [masterworks.com/cd](. ⤠A Note From Autonomix This is a paid advertisement for Autonomixâs Regulation A+ offering. Please read the offering circular at [invest.autonomix.com](. Written by [Neal Freyman]( Was this email forwarded to you? Sign up [here](. Take The Brew to work - Marketers: [Marketing Brew](
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