11.12.2024

 

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Good morning. It's Tuesday, Nov. 12, and we're covering Trump's administration picks, a guilty verdict in a double murder trial, and much more. First time reading? Join over 4 million intellectually curious readers. Sign up here.

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Need To Know
 

Trump Team Rollout

President-elect Donald Trump’s future administration has begun taking shape with a wave of recently announced picks.

 

Rep. Elise Stefanik (R, NY-21)—a vocal supporter of Israel—has been tapped to serve as the US ambassador to the United Nations. Former New York congressman Lee Zeldin (R) was selected to lead the Environmental Protection Agency. Both Cabinet-level roles are likely to secure confirmation from the Republican-led Senate.

 

In the White House, Trump picked longtime strategist Susie Wiles for chief of staff, the first woman to fill the role, and yesterday named adviser and speechwriter Stephen Miller as deputy chief of staff. Trump also named Rep. Mike Waltz (R, FL-6)—a hardliner on China—to serve as his national security adviser. 

 

Tom Homan—a former Immigration and Customs Enforcement official under the Obama and Trump administrations—was selected for the unofficial role of border czar, including overseeing maritime and aviation security. Homan's role won't require Senate confirmation.

 

The announcements come as control of the House remains undetermined. As of this writing, Republicans hold 214 of 218 seats needed for a majority, and Democrats hold 205 seats. See live updates here.

 

Delphi Murders Verdict

Richard Allen, 52, has been found guilty in the 2017 murders of two teenage girls near the small Indiana town of Delphi. A jury yesterday convicted Allen of two counts of murder and two counts of murder while kidnapping. The verdict comes more than seven years after an investigation began into one of Indiana's most high-profile cases, which has drawn national attention. 

 

Abigail "Abby" Williams, 13, and Liberty "Libby" German, 14, went missing Feb. 13, 2017, after hiking near their hometown of 3,000 people. Their bodies were found a day later in a wooded area near the Delphi Historic Trail. Prosecutors presented evidence of Allen's voice captured on German's cellphone video instructing the girls to go "down the hill." Investigators had also seized a .40-caliber pistol from Allen's house and linked it to an unspent bullet (one that wasn't fired) found between the girls' bodies. 

 

Allen will be sentenced Dec. 20. He faces a potential sentence of up to 130 years in prison. See a timeline of events in the case here.

 

COP29 Summit Begins

The UN climate summit, COP29, has opened in Azerbaijan, with representatives from nearly 200 nations discussing climate change solutions. Dubbed the "finance Conference of the Parties," the gathering will focus on increasing funding for developing nations to adapt to global warming. Although roughly $1.5T has been spent on climate finance since 2022, less than 3% has reached the world’s least developed countries.

 

Discussions include establishing a new annual climate finance target to replace an expiring $100B pledge to support poorer nations in transitioning to clean energy. A UN report suggests an annual funding requirement between $455B and $584B from 98 countries is needed. COP29 also aims to update national emission reduction targets and strategies for transitioning away from fossil fuels, with 2024 expected to be the hottest year on record.

 

Notably, leaders from China, the US, and India—the top three carbon emitters—are absent. G20 nations produce roughly 77% of greenhouse gases, and experts say global investment must increase fivefold to limit warming within the Paris Agreement goals.

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In The Know
 

Sports, Entertainment, & Culture

> Shaboozey's "A Bar Song (Tipsy)" tops Billboard Hot 100 for 17th week, the second-longest stint at No. 1 in the chart's 66-year history (More

> Washington Spirit, NY/NJ Gotham FC, Orlando Pride, and Kansas City Current advance to National Women's Soccer League semifinals (More

> Taylor Swift is big winner at MTV Europe Music Awards with four wins; see complete list of winners (More) | 2024 Booker Prize for fiction announced this afternoon (4:45 pm ET); see shortlist and how to watch live (More)

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Science & Technology

> Amazon to develop prototype smart glasses to help give delivery drivers step-by-step instructions to the correct address (More

> Researchers create a 3D hologram of a mouse embryo with 8 million distinct cells; approach could be extended to any species, allowing study of fetal development with unprecedented precision (More

> Astronomers find Voyager 2's 1986 flyby of Uranus may have coincided with a dramatic solar event, skewing scientists' understanding of the planet's magnetosphere for the past four decades (More

 

Business & Markets

> US stock markets close higher (S&P 500 +0.1%, Dow +0.7%, Nasdaq +0.1%); Dow closes above 44,000 for first time as postelection rally continues (More) | Bitcoin sets another record, surpasses $87K (More) | See bitcoin's price history (More)

> Chipotle Mexican Grill names interim chief Scott Boatwright as permanent CEO roughly three months after former Chipotle CEO Brian Niccol left to lead Starbucks (More)

> US highway safety regulator opens investigation into Honda and Acura on reports of possible engine failures in as many as 1.4 million vehicle models from between 2016 and 2020 (More)

📈 1440 Business & Finance: This week, we're exploring the gig economy, which employs millions of Americans and has disrupted everything from transportation to dining. Email comes out Thursday—sign up here for free.

 

Politics & World Affairs

> Haiti's international airport shuts down after gangs open fire at commercial flight landing in the country's capital of Port-au-Prince; comes day after Haitian interim prime minister was fired (More

> Japanese Prime Minister Shigeru Ishiba survives run-off vote in parliament to stay in his role; vote comes after his Liberal Democratic Party lost its parliamentary majority in last month's general election (More

> Atmospheric rivers to bring back-to-back snow and rain to Pacific Northwest and Northern California this week (More) | Atmospheric rivers 101 (More

 

In-Depth

> The Case for Slow-Simmer Awe

Aeon | Kirk Schneider. As technology consumes more of our time and attention, herein lies a case for cultivating "slow-simmer" awe—from taking on a new craft to swimming in the ocean with your child. (Read)

 

> Will the Real Nancy Drew Please Stand Up?

Literary Hub | Jadie Stillwell, Nicole Blackwood. The Nancy Drew stories span five generations and more than 600 cases. But nailing down a cohesive description of the iconic character may be one of her greatest unsolved mysteries. (Read)

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Etcetera
 

Antarctic Emperor penguin turns up in Australia

 

Why everything looks flat even though the Earth is round

 

How migrants passed through Ellis Island

 

Slackliners set world record between hot air balloons. (w/video)

 

Visualizing the world's most valuable Lego sets

 

Trailer drops for Tom Cruise's eighth "Mission Impossible" film

 

A long conveyor belt road is coming to Japan.

 

Night quest for dumplings sparks controversy

 

Clickbait: Because the original Rubik's cube wasn't hard enough

 

Historybook: American suffragist and civil rights activist Elizabeth Cady Stanton born (1815); Josef Stalin gains undisputed control of the Soviet Union (1927); Actress and Princess of Monaco Grace Kelly born (1929); Actor Ryan Gosling born (1980); Comic book writer Stan Lee dies (2018).

"Truth is the only safe ground to stand upon."

- Elizabeth Cady Stanton

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*Disclosure: "Journal of Retirement Study Winter" (2020). The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of your future results. Please follow the link to see the methodologies employed in the Journal of Retirement study.

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