🌞 Buy The Dip – October 28 2021

*Stock data as of market close, cryptocurrency data as of 5:00 am ET.

• Markets: Ford posted stunning earnings yesterday as the automaker reported incredible demand for electric vehicles. Apple will report earnings today and analysts expect the iPhone to drive big numbers. 

Today's Live Show

MORNING INVEST LIVE AT 9 AM EASTERN

We've got a busy show for you this morning. We're deep diving the stimulus mess that happened overnight. Can this package be saved? How will we pay for it? We have a lot of questions. We're also looking at a surprising new trend around wages. You might not actually believe it! Join us at 9 AM on YouTube to watch us live. Click here to RSVP and I'll see you at 9 AM Eastern. 

The Lead: Tax The Billionaires Millionaires

credit: getty

The plan to tax billionaires is apparently out of the stimulus package. This is the stimulus that would offer benefits to millions of Americans such as preschool, health care and paid parental leave. 

President Biden wants to increase taxes across the board but Congress won't go for that. His Plan B was to tax billionaires on the value of assets that they hold on to but do not sell. Now that has been thrown out too, according to Bloomberg. 

So what is Plan C? Plan C is to include a 3% surtax on top of regular income tax for anyone earning more than $10 million. 

Does that equal the $2 trillion that the country needs to pay for this plan? Remains to be seen with all this fuzzy math! 

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Nigeria Turns To Crypto

President Muhammadu Buhari credit: getty

Nigeria is the first African nation to launch a cryptocurrency. It is called the eNaira. 

This is not a Bitcoin. It is a digital version of the country’s existing currency, the naira. It tracks the same value as the physical naira. The country began by minting 500 million eNaira, with a value of approximately $1 million.

According to Reuters, Nigerian President Muhammadu Buhari said the "use of the digital currency could grow the economy by $29 billion over ten years, enable direct government welfare payments and even increase the tax base.”

Experts are still not sure if an eNaira could be traded in for a physical naira or if any retail locations will accept it. 

What Could Go Wrong?

credit: giphy

“Alexa, check on the patient in 104A.”

That is how your next hospital nurse could check in on you. Amazon is putting Echo devices in hospitals in Boston, California and Florida to help patients communicate with hospital staff. 

Amazon said that this will help hospitals increase productivity and well as conserve personal protective gear such as masks and gowns. You don’t have to suit up in full single-use protective gear to ask Mr. Johnson how he’s doing on Alexa after all. 

Do the hospitals know that Alexa works both ways so patients can ring up the nurse’s station all they want? They may regret that!

News By The Numbers

credit: butter ball

Double. That is how much this year’s Thanksgiving turkey will cost compared to last year’s. That is because the cost of the corn that the turkeys eat doubled this year. 

$86,000. That is the estimated price for the new Chevrolet Corvette Z06 expected out in 2023. It is not electric so it is thought to be the last of its kind before Chevy fully adopts electric. 

100%. That is how much Shiba inu is up over the last seven days. This is a dog-inspired cryptocurrency. Its market cap is now larger than Deutsche Bank.

1,000. That is how many people have applied to move to a rural town in Indiana that is offering “stand-in grandparents” to watch your children for free. 

How Do I Explain This Without Scaring You?

UFO filmed by NAVY pilots confirmed by Pentagon credit: DOD

NASA is worried that we may not be on the same wavelength when it comes to otherworldly beings. The space agency wants to talk about language in advance of any announcements about other beings, which they are hinting may be forthcoming. This comes only six months after the Pentagon released UFO videos filmed by NAVY pilots. 

What is NASA so worried about to make them want to sit us down and have this little chat? 

They are worried that the public is looking for a yes/no answer to whether or not there is life on other planets and may reduce any news to this binary choice when in fact it may not be that simple. 

For instance, if they find signals or “biological activity,” does that necessarily mean a being? No. What they are proposing is a scale system where any discovery is linked with a number giving a probability that the finding is linked to otherworldly life. 

Sigh. Okay. We can talk about it first but it feels like watching a safety video before you go to a bouncy park.

I'll Take A Big Mac and a Side of Plastic

chipotle chicken burrito credit: bsatroop759

A new study shows that fast food contains forever chemicals known as phthalates. Lest you thought fast food was good for you. 

Researchers tested popular fast food items such as hamburgers, chicken nuggets, chicken burritos and cheese pizza. They found phthalates in 81% of the foods and non-phthalate plasticisers in 89% of the foods. The foods had different concentrations of these chemicals. The least offensive was a cheese pizza. 

Researchers could not say which foods were made with the chemicals and which foods picked them up in the packaging process. Does it really matter? 

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