Winter Storm Causes Travel Chaos & US TikTok Deal Finalized
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Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, the winter storm led to more flight cancellations than the pandemic.
Then the rise of vibe coding has created a major vibe shift on Wall Street. It's Monday, January 26th. Let's ride. Let's ride.
Good morning and welcome back to The Week. Tensions are high in the United States, and especially in Minneapolis, where federal agents shot and killed 37-year-old Alex Preddy, an ICU nurse, on Saturday morning. Preddy was fatally shot just over a mile away from where another 37-year-old U.S. citizen, Renee Good, was killed by an ICE officer several weeks ago, which sparked widespread protests in Minneapolis against ICE agents throughout January. Videos from the scene, which spread all over social media, contradicted the government's initial claims that Preti was a domestic terrorist, and several Republican lawmakers called for an investigation into the shooting. In an interview with The Wall Street Journal, President Trump declined to say the officer did the right thing, as top officials claimed, and said they're, quote, reviewing everything.
Minnesota CEOs are speaking out too, with over 60 business leaders of Minnesota-based companies from Target to UnitedHealth signing an open letter calling for, quote, the immediate de-escalation of tensions and asking state, local, and federal officials to work together to find real solutions. Every local professional sports team also signed the letter, including the Timberwolves, Lynx, Vikings, Wild, and Minnesota United. The pushback from corporate giants comes after hundreds of smaller businesses in the Minneapolis area were also shut down as they back protests against ICE in their city.
Meanwhile, this has greatly increased the odds of a government shutdown. Last week, the House passed bipartisan bills that would fund most of the government past the deadline, and it was expected to get through the Senate this week, avoiding a shutdown. But after the shooting, a number of Democratic senators said they wouldn't vote for a funding package that includes money for the Department of Homeland Security, which the House versions do. Republicans need seven Democratic votes to pass the funding legislation, and it looks like those will be impossible to come by after what happened in Minneapolis. On Kalshi, the odds of a partial shutdown went from 11 percent before Saturday to 76 percent last night.
It's going to be a tense week of deliberations to keep the government running past Friday, but that's looking unlikely as of now. If Toby and I sound a bit different this morning, it's because we're recording the podcast in our homes, our first ever bedroom pod. That's, of course, due to yesterday's winter storm, which closed our office today and probably changed up your routine, too. Weather forecasters said it was going to be the big one and it delivered. Winter storm Fern unleashed heavy snow, sleet, and freezing rain from the southern Rockies to New England, impacting more than 200 million people. As of this morning, over 820,000 homes and businesses were without power, mostly in the south, as ice weighed down power lines.
Travel ground to a halt, literally. Airlines canceled more than 11,000 U.S.
What impact did the winter storm have on travel plans?
flights for Sunday, the most for a single day since the start of the pandemic. At Reagan in D.C., all flights were axed on Sunday, nearly 90% at New York's LaGuardia, and close to half at Atlanta-Hartsfield-Jackson, the world's busiest airport.
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