| Need to Know |
| ; |
| Biden Captures Front-Runner Status |
| Former Vice President Joe Biden surged in Super Tuesday elections yesterday, winning contests in nine of 14 states and sweeping southern states. Sen. Bernie Sanders (I-VT) won four of the remaining contests, including California, the night's biggest prize. Maine, where Biden held a slight 0.8% lead, was too close to call as of this morning. Biden scored upset wins in Texas, where Sanders entered the day leading in the polls, and Minnesota, on the heels of an endorsement by former candidate Sen. Amy Klobuchar (D-MN). The evening finished with Biden leading Sanders in delegate count 453-382 (final results must wait on all districts to report), a dramatic turnaround from one week ago when Biden was coming off disastrous early performances. Sen. Elizabeth Warren (D-MA) and Mike Bloomberg took just over 40 delegates apiece; Bloomberg has a news conference scheduled today to discuss his campaign. |
|
| Feds Slash Rates |
| The US Federal Reserve slashed its benchmark interest rate by a half point to 1-1.25% yesterday, a surprise move meant to buffer the economic fallout from the global coronavirus outbreak. The move allows commercial banks to borrow money from the Fed at a cheaper cost, which they use to make loans to individuals and businesses at lower rates, with the overall intended effect of boosting the economy (see 101). Typically, the Fed moves (or holds steady) rates at regularly scheduled meetings; yesterday's decision was the first nonscheduled cut since the 2008 recession. The impact of lower rates is uncertain, as the outbreak has disrupted ($$, HBR) global supply chains and kept workers at home, factors that are difficult to address through monetary policy. The US markets didn't add much clarity, tumbling despite the Fed's announcement (DJIA -2.9%, S&P 500 -2.8%, Nasdaq -3.0%). |
|
| Deadly Tennessee Tornadoes |
The death toll from deadly storms that ripped through central Tennessee early Tuesday morning rose to at least 24, with Gov. Bill Lee warning the number was likely to rise as rescue and recovery efforts continued. At least two of the deaths came from a tornado spawned by the storms that raked through the east side of downtown Nashville (see damage), causing widespread damage and collapsing about 50 buildings. Officials estimated the tornado to be at least EF-3 in strength, with sustained winds up to 160 mph. It was the third on record to touch down in the city, following outbreaks that swept through the region in 1933 (44 deaths, 460 injured) and 1998 (12 deaths, 121 injured). The 1998 storm generated a pair of EF-3 tornadoes that ripped through East Nashville, causing more than $100M in damage but also sparking an eventual economic revitalization in the area.
Watch drone footage of the damage here. |
|
| Enjoy reading? Forward this email or click here to share 1440. |
|
| Behold, your new skincare secret weapon. |
| ; |
If you're not using a retinol at night, you should be. What's retinol, you ask? It's a topical treatment that boosts collagen production to cut down on wrinkles, improve skin tone, and reduce patchiness.
While some retinols can be harsh on skin, this one, from Onekind—a new natural unisex skincare line—is effective yet gentle. It mixes the potent retinol and peptides (which smooth the appearance of wrinkles and fine lines) with soothing birch bark extract and vitamin E (which combat redness, irritation, and dryness). That's right, the Onekind Midnight Magic PM Serum makes you look younger and brighter, without any of the itchiness or redness.
Just as luxurious and effective as the “elite” brands, Onekind comes with a price tag three times less than comparable products. Not only will you love how well the Onekind Midnight Magic PM Serum works, you'll have money left over to pick up a few extras. Use code 1440 for free shipping today!
Please support our sponsors - they help us keep the lights on!
|
|
| In the Know |
| ; |
| Sports, Entertainment, & Culture |
| > “& Juliet” leads Olivier Awards nominations with nine while “Fiddler on the Roof” (eight) and “Dear Evan Hansen” (seven) also fared well at the British equivalent to Broadway’s Tony Awards (More) |
|
| > Summer Olympics in Tokyo, currently set to begin July 24, could be postponed until end of year due to coronavirus (More) | … but Olympic flame to be lit in Greece as scheduled next week despite virus fears (More) |
|
| > Shelley McNamara and Yvonne Farrell win 2020 Pritzker Architecture Prize; represents the first time two women have won the industry's most prestigious award (More) |
|
|
| Science & Technology |
| > Scientists propose a new subatomic particle, the d-star hexaquark, as the basis of dark matter; mysterious substance makes up 85% of the matter in the universe but can't be observed directly (More) | Dark matter 101 (More) |
|
| > Researchers find a single gene is responsible for transforming the benign parasite Toxoplasma gondii into a form that causes chronic brain infection; nearly one-third of world's population is believed to have the benign form (More) |
|
| > Analysis of ancient ocean crust suggests early Earth was almost entirely covered in water, with continents emerging sometime between 3 billion and 500 million years ago (More) |
|
|
| Business & Markets |
| > Robinhood, commission-free trading app with 10 million users, experiences second day of outages (More) |
|
| > Trump reelection campaign sues Washington Post for libel over opinion pieces that suggested improper ties to North Korea, Russia; campaign filed similar lawsuit against New York Times last week (More) |
|
| > Retail giant Nordstrom misses expectations; Erik Nordstrom named sole CEO, shares down 7% in after-hours trading (More) |
|
|
| Politics & World Affairs |
| > Russian President Vladimir Putin proposes attaching a constitutional ban on same-sex marriage to a broader referendum that would keep him in power past 2024; vote currently scheduled for next month (More) |
|
| > President Trump makes first direct phone call by a US president to a Taliban leader, discussing follow up to the recently announced peace deal (More) |
|
| > International nuclear weapons watchdog says Iran has tripled its stockpile of low-enriched uranium, alleges country is hiding nuclear activities at three sites (More) |
|
|
|
|
|
"You take people as far as they will go, not as far as you would like them to go."
- Jeannette Rankin |
| Why 1440? The printing press was invented in the year 1440, spreading knowledge to the masses. Guess what else? There are 1,440 minutes in a day. Spend your first five with us and never miss out on the conversation. Drop us a line and let us know how we're doing at [email protected]. |
| www.Join1440.com |
|
|
