The markets: The S&P 500 closed up more than 1% on Friday. Futures are up 0.38% this morning, premarket open. … Bitcoin rose to above $98K. … In China, markets continued their declines this morning.
Today: Elon Musk continues his campaign to topple Keir Starmer’s Labour government in the UK, claiming (often falsely) that, years ago, officials did little to stop Asian gangs who groomed underage girls for sex. The FT has an explainer here.
Allstate CEO strikes the wrong tone
Good morning. Allstate CEO Tom Wilson got criticism last week when he issued a video message prior to the broadcast of the Allstate Sugar Bowl in New Orleans, offering prayers to the victims of the horrific New Year’s Day attack, calling on viewers to be “stronger together by overcoming an addiction to divisiveness and negativity” and join the insurance giant in working to “amplify the positive, increase trust, and accept people’s imperfections and differences.”
As the longtime sponsor of an annual event that was delayed by a terror attack, Wilson had to say something. But to talk about positivity and acceptance in the aftermath of mass murder came across as insensitive and tone-deaf, to put it mildly.
