Tuesday: Earnings from Alphabet, Starbucks, PepsiCo & more
Wednesday: U.S. releases Q1 GDP, the Fed releases economic guidance
Thursday: Jobless claims, earnings from Amazon, Apple, Twitter & more
Friday: OPEC+ begins historic oil production cuts
The FCC & Me
The FCC on Friday unanimously voted to open up the 6 GHz spectrum for WiFi and other unlicensed uses (such as cellular networks). The vote marks the FCC’s biggest spectrum addition since WiFi became available in 1989.
What does this mean? Once the spectrum is made available, consumers equipped with the proper technology – dubbed ‘WiFi 6E’ – should see internet speeds more than twice as fast as before.
For the past two decades, WiFi has operated with 400 MHz of spectrum on the 2.4 GHz and 5 GHz bands.
Friday’s vote effectively quadruples the amount of spectrum available for use.
Make Some Room The 6 GHz band currently plays host to a number of emergency broadcasts and utility monitoring devices, whose companies have pushed back against the FCC’s decision.
AT&T on Friday spoke out against the ruling, expressing displeasure with the lack of protection given to existing services on the 6 GHz band.
Looking Ahead… The ruling has cleared the way for major tech companies to begin manufacturing devices that can access the 6 GHz band and take advantage of the significantly increased bandwidth.
Analysts predict the first devices will be available to consumers by the fourth quarter of 2020, with an initial emphasis on smartphones.
British PM Boris Johnson will return to work today after a month-long battle with COVID-19.
Saudi Arabia Reduces Some Punishments
Saudi Arabia on Sunday said they will no longer impose the death sentence for individuals who committed crimes while still minors. The kingdom’s decision comes two days after its supreme court abolished flogging as a form of punishment.
More: Last week, Amnesty International published a review that found Saudi Arabia executed a record 184 people in 2019.
Reports surfaced last week claiming North Korean leader Kim Jong Un was in “grave danger” following cardiovascular surgery. Very little information is available regarding Kim’s status, but here’s what we do know:
Kim was last shown in the country’s media on April 12, and was not present for the April 15 celebration of his grandfather’s birthday.
A Seoul-based website on April 20 reported that Kim was recovering at one of his countryside villas following cardiovascular surgery.
A Japanese magazine on Friday cited an unnamed Chinese medical officer who said Kim had entered a vegetative state following emergency surgery due to a heart attack.
Reutersreported Saturday that China had dispatched medical experts to North Korea to advise on Kim.
South Korean officials have reported no signs suggesting a sudden change within their northern counterpart.
The Coronavirus Effect
Facebookannounced a new video chat feature called “Messenger Rooms,” which functions similar to Zoom but allows a free option for up to 50 people to join at once.
At least 13 public companies who received money from the SBA lending program have agreed to pay back their loans. More than 200 public companies applied for a PPP loan.
Online education company Coursera will begin providing unlimited free courses to unemployed workers across the world (normally $399/year).
The recent closure of bars and restaurants has the beer industry worried about the millions of gallons of beer – worth ~$1 billion – slowly going stale while stuck in storage.
Take Your Pick
DraftKings debuted on the NASDAQ stock exchange on Friday, closing the day of trading up 8%. The company reported record betting volume on the NFL draft, which took place over the weekend, but said alternatives like e-sports and table tennis have also seen increased demand.
Boeing on Saturday said it ended talks with Brazilian aircraft manufacturer Embraer concerning a potential $4.2 billion deal to purchase an 80% stake in Embraer’s commercial jet unit. Boeing asserted that the Brazilian company did not satisfy conditions under the agreement – which expired late Friday – while Embraer later said the deal was “wrongfully terminated.”
Gone With The Wind
On Easter night, a tornado swept through the town of Chattanooga, TN, destroying the home of Beulah Lockmiller and her family. The Lockmillers desperately searched the wreckage for signs of an irreplaceable family heirloom – a special quilt to commemorate Beulah’s late husband – but could find no trace.
So they took to Facebook to help with the search. The social network worked its magic and Beulah was soon reunited with her husband’s quilt – thanks to two helpful strangers.
Most pet owners have experienced their beloved companion running away – and the sense of helplessness that comes along with it. The Humane Animal Rescue and Trapping Team (HARTT) has emerged as an organization for worried dog owners to rely on.
Since 2017, the Arizona-based nonprofit has returned more than 800 lost dogs to their grateful owners using a combination of high-tech cameras, humane traps, and enticing treats.
Celebrate Good Times
Most people’s idea of a birthday celebration involves a party with cake, ice cream, and presents. For Wisconsin native Shannon Shultz, her upcoming 45th birthday involves embarking on a journey of bringing kindness to others.
Five years ago, in the 40 weeks leading up to her 40th birthday, Shannon made it her mission to perform one unique act of selflessness each week. Fast forward to today – Shannon is in the process of a similar ‘45 for 45’ challenge involving several coronavirus-related good deeds.
Cinco de Mayo is next week?
We know time is moving at a snail’s pace, but check your calendars, next week is gonna be May. That means it’s time to celebrate Cinco de Mayo. Don Juan Chiles would like to help you celebrate with some authentic chiles, spices, and herbs. Use the coupon code CINCODONUT to receive 10% off and free shipping on your next order!
Remember—use the coupon code CINCODONUT at checkout to get your 10% off and free shipping.
🎶 Beastie Mode… check out the history of Mike D and Adrock in The Beastie Boys Story, a documentary released over the weekend on Apple TV Plus.
🔭 The Big Three-Oh… to commemorate 30 years of operating the Hubble Space Telescope in space, NASA has published a vibrant new portrait of the cosmos, nicknamed the “Cosmic Reef.”
👨⚕️ Reality Check… learn how hospitals across the country have turned to virtual reality to help train hundreds of medical professionals on how to safely treat patients infected with COVID-19.
🛰️ Replace In Space… in a first for the emerging “satellite service” industry, Northrop Grumman recently announced its MEV-1 unmanned spacecraft had successfully restored and relocated an Intelsat satellite.
A group of ____ is called a ‘business.’
A) Pigeons B) Ferrets C) Badgers D) Owls
(keep scrolling for the answer)
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