|  | Nasdaq | 23,238.67 | |
| | S&P | 6,964.82 | |
| | Dow | 50,135.87 | |
|  | 10-Year | 4.198% | |
| | Bitcoin | $69,527.45 | |
| | Monday | $77.63 | |
| | Data is provided by |  |
*Stock data as of market close, cryptocurrency data as of 11:00pm ET. Here's what these numbers mean. | - Markets: Like avid readers of Sun Tzu, stocks moved to higher ground yesterday, with tech stocks continuing to rebound from an AI-induced panic over the future of software. But investors still showed some concern about software's place in the world: Monday.com plunged after delivering weaker-than-expected guidance.
| Markets Sponsored by Elf Labs History's been made: The Nasdaq ticker's been reserved. A 10-year legal effort won landmark rights to Cinderella + more. Invest now while the company is still private. Secure up to 35% bonus shares. |
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LABOR Here's what your unemployed friend is really doing on a Tuesday: In the latest sign of a stagnant job market, white-collar workers are flipping the traditional recruiting model by hiring recruiters to help them land their next jobs—a trend known as "reverse recruiting," the Wall Street Journal reported this week. Headhunters? More like breadhunters: On top of career coaching and résumé building, reverse-recruiting agencies often take the keys and apply to dozens of jobs on an applicant's behalf. In exchange, these startups can charge monthly fees north of $1,000 and/or take a cut of their clients' salaries once they find a job, per WSJ. A conventional recruiter told WSJ that he's somewhat uneasy about people handing reverse recruiters their LinkedIn or Workday logins, as well as the idea of charging job seekers. This only happens in a bleak job market The current frigid atmosphere in US employment is known as "low hire, low fire," which is why you keep hearing seemingly conflicting truths: The unemployment rate isn't that bad, but it's also incredibly difficult to find a job. According to recent federal data: - Job searches now last an average of six months.
- There were more job seekers than job openings last summer for the first time since 2021.
- The economy added the fewest jobs since 2003 last year (outside of recessions). Tomorrow's January jobs report is expected to revise the tally even lower and show a continued stall in job growth.
Why the slowdown? Tariff uncertainty and added costs led some companies to delay hiring. Others are still undoing pandemic-era hiring bonanzas, and some blame layoffs on AI's productivity. Recent immigration restrictions also mean there are fewer consumers in the US, which can lower hiring needs, per WSJ. Vicious cycle: Less than half of workers think they could find a new job in three months, according to a recent Fed poll. Many are staying put in their jobs, which contributes to low openings and slow hiring.—ML | | |
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Presented By Elf Labs Just ask Disney. They did it by owning globally recognized character IP. Now, after a 10-year legal effort, Elf Labs has secured historic rights (500+ assets) to iconic characters like Cinderella and Snow White. They're bringing them to life through multipatented immersive technology across entertainment, gaming, and consumer products—a market estimated at over $2 trillion. The company reached a major inflection point this year and reserved its Nasdaq ticker: $ELFS. For a limited time, everyday investors can still participate (plus receive up to 35% bonus shares) while the company remains privately held. Invest now. |
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WORLD  Google's parent company gears up to sell 100-year bonds. Alphabet raised $20 billion by selling bonds in the US, according to Bloomberg, and the company is also planning to offer bonds in Switzerland and the UK—including some that don't mature for a century. It's a move tech companies haven't tried since the '90s dot-com boom, but Alphabet is thinking big (and long-term) as it sells debt to fund its anticipated $185 billion in spending this year to build AI infrastructure. Other Big Tech companies are also planning large capital expenditures to win the AI race.
 British PM faces calls to resign over ambassador with Epstein ties. While many powerful people were mentioned in the files recently released by the US Department of Justice about its investigations into the late convicted sex offender Jeffrey Epstein, UK leader Keir Starmer may be unique in facing intense backlash because someone else was named in them. Starmer is facing calls to step down—including from the head of the Scottish Labour Party—over his appointment of an ambassador to the US with a close relationship with Epstein, and two of his top aides have resigned due to the scandal. However, some of Starmer's cabinet ministers supported him yesterday, and his government said he would not leave.
 Cuba is running out of jet fuel amid US pressure. The country said Sunday that international airlines could no longer refuel there because of dwindling supplies as the US has threatened tariffs on any country that provides it with oil. Yesterday, Air Canada suspended all flights to Cuba as a result. The Trump administration has been squeezing Cuba's oil supplies, creating an energy crisis and impacting the economy, since arresting Venezuela's leader in January.—AR
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SPACE In a classic startup move, Space X is pivoting…from Mars to the moon. Elon Musk said this week that his company has refocused on "building a self-growing city on the Moon," which he claimed could be achieved within a decade. Meanwhile, a Mars colony might be more than 20 years away, he said. The longtime Mars colonization aspirant appears to be ditching his previous goal of sending an unmanned rocket to the red planet by 2027, a voyage that can only be launched every 26 months due to planetary alignment cycles. Coming back to Earth Space X's moonshot might be more in line with Uncle Sam's extraterrestrial ambitions: - Musk's company has a $2.9 billion contract with NASA to land astronauts on the moon with a version of its jumbo Starship rocket. The mission has been postponed to 2028 at the earliest because of tech challenges.
- SpaceX is in a space race with Jeff Bezos' startup Blue Origin, which is pivoting from stunts like launching Katy Perry into space to building a competing lunar lander for NASA.
What's up there? The moon has abundant sunshine and industrial resources, which theoretically can make it a manufacturing hub and launchpad for missions further into space. Musk recently said that he was merging SpaceX and xAI to eventually establish lunar factories that produce solar-powered orbital AI data centers.—SK | | |
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SPORTS The International Skating Union (ISU) will tell you what they want, what they really, really want—and it was for ice dancers at the Winter Olympics to incorporate upbeat 1990s music like the Spice Girls into their performances. Each Olympics, the ISU chooses a theme for the rhythm-dance portion, and this one was selected with a purpose: - The sport sponsored by memory supplements is going after a millennial crowd nostalgic for the Backstreet Boys and Ricky Martin.
- Previous themes tailored more to an AARP audience included musicals and operettas.
No grunge? The nearly three-minute performances were required to have a song with 120 beats per minute. While covers were allowed, Pearl Jam's Black isn't the type of banger that the ISU wanted. AI was permitted, so a Czech team skated to an AI-generated song called One Two by AI (of 90s style Bon Jovi). LGBTQ celebration: Thanks to the throwback theme, Outsports called it the "gayest Olympic figure skating soundtrack ever." Canada's Piper Gilles and Paul Poirier used RuPaul's Supermodel (You Better Work), and Poirier told the Washington Post, "It's special for me as a queer person." Where things stand: After yesterday's rhythm dance, Gilles and Poirier were in third in the individual competition going into tomorrow's free dance, with France's Laurence Fournier Beaudry and Guillaume Cizeron, who skated to Madonna's Vogue, edging out US couple Madison Chock and Evan Bates, who won gold in the team event, for first.—DL | | |
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STAT Like the guy who snagged the window table at your favorite coffee shop and immediately opened up a blank doc called "screenplay," homeowners are staying put. They're keeping their homes for the longest time since at least the turn of the millennium, according to Axios: - At the end of 2025, US homesellers had been in their abodes for 8.6 years on average, the longest time in data dating back to 2000 (back when it was 4.2 years).
- The time homeowners are keeping their houses has increased in nearly every major metro area over that period, industry data provider ATTOM said.
That can make it hard for buyers, but the change may be coming to the housing market: Realtor.com found that homeowners with mortgage rates of 6+% recently surpassed the share with rates below 3% for the first time since 2020, giving fewer owners a reason not to move. And the Wall Street Journal reports that a Redfin analysis showed that ~62% of last year's buyers snagged a home for below the original listing price—the highest proportion since 2019.—AR |
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NEWS - Novo Nordisk sued Hims & Hers for marketing copycat versions of its weight loss treatments, including a recently scrapped attempt at a Wegovy pill copy. And in other GLP-1 news, the FDA said an ad Novo has run for the Wegovy pill contained "false and misleading" claims.
- Ghislaine Maxwell invoked her Fifth Amendment rights and refused to answer Congress's questions about Jeffrey Epstein.
- Savannah Guthrie released a video asking the public to share any information about the whereabouts of her missing mother.
- YouTube TV introduced lower priced bundles that allow subscribers to pick the channels most relevant to them, including a just sports package.
- Short seller CapitalWatch apologized and retracted parts of a report it published last month accusing an AppLovin shareholder of financial crimes.
- MrBeast's company is buying teen-focused banking app Step, and you won't have to complete any questionable challenges to use it.
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RECS  Cook: This gadget makes soup season easier.**
See: Epic photos from competitors for a wildlife photographer of the year award. Stay in: Recipes featuring roses to make for Valentine's Day. Feel at home: Travel to the world's most welcoming cities. 8 ways Americans waste $$$: You're smart about saving money by shopping clearance, eating out less, and picking affordable streaming services. FinanceBuzz has a few tips that could help you save even more.* *A message from our sponsor. **This is a product recommendation from our writers. When you buy through this link, Morning Brew may earn a commission. |
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PLAY Brew Mini: Your sample clue for today is "It's a little less than a pound." Take a couple minutes and play the Mini here. Finale trivia Twenty years ago today, Arrested Development aired its final episode on Fox (though it was later brought back briefly on Netflix). In today's trivia, we'll give you the date of a TV series finale, the name of the episode, and the network or streaming service it aired on. You have to name the show. - Sept. 29, 2013 / "Felina" / AMC
- June 10, 2007 / "Made in America" / HBO
- May 23, 2010 / "The End" / ABC
- July 26, 2019 / "Here's Where We Get Off" / Netflix
- May 13, 2004 / "Goodnight, Seattle" / NBC
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SHARE THE BREW  Share the Brew, watch your referral count climb, and unlock brag-worthy swag. Your friends get smarter. You get rewarded. Win-win. Your referral count: 0 Click to Share Or copy & paste your referral link to others:
morningbrew.com/r/?kid=eaab23a8 |
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ANSWER 1. Breaking Bad 2. The Sopranos 3. Lost 4. Orange Is the New Black 5. Frasier Word of the Day Today's Word of the Day is: bonanzas, meaning "very large amounts." Thanks to Ivan from Saratoga for the bountiful suggestion. Submit another Word of the Day here. |
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✢ A Note From Elf Labs Comparisons to other companies are for informational purposes only and should not imply similar results. This is a paid advertisement for Elf Lab's Regulation CF offering. Please read the offering circular at elflabs.com. Timelines are subject to change. Listing on the Nasdaq is contingent upon necessary approvals, and reserving a ticker symbol does not guarantee a company's public listing. |
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