The Pour Over Today - Wednesday, November 2, 2022

Episode Date: November 2, 2022

Today, we’re talking about flutters at Twitter, the stock market’s impressive October, continued COVID in China, and other top news for Wednesday, November 2nd. Stay informed while remaining focused on Christ with The Pour Over. Pay What You Want for The Pour Over (psst: new annual members a Daily Kairos Journal, one of our favorite Bible resources)!

Today, we're talking about flutters at Twitter, the stock market's impressive October, continued COVID in China, and other top news for Wednesday, November 2nd. Stay informed while remaining focused on Christ with The Pour Over. Here's the quote of the day, Jesus Christ knows the worst about you. Nonetheless, he is the one who loves you the most. A.W. Tozer. Let's start with some espresso shots. Elon Musk is cleaning nest. On Monday, Musk dissolved Twitter's board of directors,

accusing them and their lawyers of deliberately hiding evidence from court proceedings during his tumultuous takeover. He also reportedly plans on ousting 25% of Twitter's 7,500 employees in the first round of layoffs, tweeting, there seem to be 10 people managing for every one person coding. Elon's also hatching some new ideas. Yesterday, he announced Twitter's subscription service, Twitter Blue, will cost $8 a month, down from the rumored $20 a month, and give you a blue verification checkmark, priority over the unverified masses in replies, mentions, search, ability to post long video and audio content, and half as many ads. He also suggested rebooting Vine, the pre-TikTok short-form video app that Twitter bought in 2012 and put out

to pasture in 2016. Here's a verse to consider when you're dealing with a sore scrolling thumb. Do not be conformed to this age, but be transformed by the renewing of your mind, so that you may discern what is the good, pleasing, and perfect will of God. Romans 12, verse 2 The stock market had a really good October. The Dow Jones gained 14%, its best month yet since 1976, and the S&P 500 was up 8%. The climb was led by banks and oil companies like ExxonMobil, up 27%, which reported $18.2 billion in Q3 profit, the highest quarterly profit in its 152-year history. It wasn't just

Exxon. Other oil companies' tanks are also so full of profit that President Biden accused the sector of war profiteering and threatened a windfall tax. Not everyone is winning. Big Tech's entire 2022 has been a goodie bag full of toothbrushes. So far in 2022, Meta's stock is down 70%, Amazon's stock is down 40%, Alphabet's stock is down 40%, Alphabet stock is down 35%, and even the Always Crisp Apple stock is down 17%. Combined, the 20 richest tech billionaires have lost nearly $500 billion. Regardless of whether the broader economy is struggling or thriving, Christians are called to give generously of our time, talents, and resources to those in greater need. Reach out to your local church to see where help is needed. Galatians 6 verse 9 says,

Let us not get tired of doing good, for we will reap at the proper time if we don't give up. The Magic Kingdom turned into the Tower of Terror at Shanghai Disney on Monday when the park abruptly closed its gates as part of a COVID lockdown, locking visitors inside until they return a negative test. The real-life Hotel California where you can never leave isn't all bad. They're continuing to operate the rides, so it's kind of a dream come true for anyone under 12. The snap lockdowns are part of China's ongoing zero-COVID policy that President Xi made clear is unlikely to change anytime soon. This week, videos of workers jumping fences and walking down highways to flee a Foxconn factory,

where most of the world's iPhones are made, due to a COVID lockdown flooded social media. Foxconn said employees are free to leave and is boosting production at other plants to make up any shortfall. Here's a verse to consider when you're asked to do something you don't want to do. Above all, maintain constant love for one another, since love covers a multitude of sins. 1 Peter 4, verse 8. We believe that the news can actually be a force for good, helping people find rest and comfort in Christ while spurring them onto loving action instead of, you know, creating division, anger, and a persistent feeling of impending doom. For example, keep this in mind while reading today's news. Even if everything goes wrong, your eternity is secure. It costs

about 20 cents per subscriber per month to operate the pour over. Many readers are unable or unwilling to pay, but you can sling seven of them on your back and support our staff and mission for just $1.99 a month. Pay what you want for the pour over. Check out the link in our show notes. In other brews, here's a rapid round of updates. Look what you made her do. Taylor Swift broke a new record, becoming the first artist to claim all top 10 spots in the Billboard Hot 100, leading to another first, zero male artists in the top 10. Also, that explosion you heard yesterday was Swifties nationwide losing their minds as Taylor announced her U.S. tour. This week, the Supremes studied up on affirmative action in college admissions. on affirmative action in college admissions. Harvard and UNC argue that deleting race from applications would negatively impact black and Hispanic enrollment,

but challengers argue using race in admissions violates the Constitution's Equal Protection Clause and the Civil Rights Act. The conservative majority court will likely rule in June. If you can't get enough political ads in your life, consider a move to Israel. Israelis just voted in their fifth election in four years after a fractured government coalition collapsed this summer, triggering the re-re-re-redo. Former Prime Minister

Benjamin Netanyahu's conservative bloc faced off against the incumbent Prime Minister Yar Lapid's center-left bloc. Yesterday, the Supreme Court temporarily blocked the release of former President Trump's tax returns to the House Ways and Means Committee, which first requested them in 2019. Separately, the high court denied a request by Senator Lindsey Graham to block a subpoena, meaning he must testify in the Georgia investigation into election interference. Ukraine's military shot down 44 of the 50 missiles Russia fired at Kyiv, but the ones that got through damaged electrical infrastructure and knocked out water for 80% of the capital city. Putin said the barrage was retaliation for attacks on Russian

naval ships in the Black Sea, which Ukraine says wasn't them. That's all we have for today. Thanks so much for listening. If you're listening on the Apple Podcast app, give us a five-star rating and drop a review. If you're listening on Spotify, give us a follow and hit the notification bell to never miss a new episode. We appreciate your support and hope you have a great day. We'll see you on Friday.