| | | | | | | Presented By Bank of America | | | | Axios AM | | By Mike Allen · Oct 31, 2022 | | 🎃 Happy haunting, and welcome to our Trick or Treat Edition. Smart Brevity™ count: 1,497 words ... 5½ minutes. Edited by Noah Bressner. 🇺🇦 Bulletin: Kyiv's mayor says 80% of residents are without water supplies after Russian strikes. Latest. 🚨 Live onstage in D.C. — please join us: I'll interview White House deputy chief of staff Jen O'Malley Dillon and senior adviser Anita Dunn on Wednesday at 8:15 a.m. - Register here to attend in person — and see the previously announced guests for this blockbuster News Shapers.
| | | | | | 1 big thing: End of Great Resignation | |  Data: Indeed. Chart: Axios Visuals Remember the Great Resignation — the COVID era's unprecedented churn in the labor market? - For a while, it seemed like everyone was job-hopping. Well, those days are likely behind us — especially in pandemic-fueled sectors, including tech, Emily Peck writes for Axios Markets.
Why it matters: The red-hot labor market is cooling off. Demand for workers is down sharply from last year, according to new data from the job site Indeed. What's happening: Tech's woes could be an early indicator of what's to come in the broader labor market, which has stayed strong despite other worrying signs in the economy. - Fewer job openings is a sign of less demand for workers — and an indicator you won't be able to job hop your way to the kind of sky-high pay increases certain professionals scored in 2021.
🔭 Zoom out: Lower demand means slowing wage growth. The Employment Cost Index, out Friday, showed wage growth falling in Q3 — though still relatively high. - Fewer workers are quitting their jobs for better prospects, ZipRecruiter's chief economist Julia Pollak said in a note, with a chart titled, "The Great Resignation is coming to an end."
- "Amid increased fears of a possible recession, employees are prioritizing job security over pay," she writes.
Reality check: While overall job listings are down 9% on Indeed this year, they're still 50% higher than pre-pandemic levels. - "There's still a relative bounty of job openings," Bunker said. "It's just not as bountiful."
Get Axios Markets. |     | | | | | | 2. Legal abortions fell 6% post-Roe | | Legal abortions in the U.S. fell 6% in the first two months after the Supreme Court overturned Roe, The New York Times reports (subscription). - Why it matters: The data — from WeCount, an organization led by the Society of Family Planning — marks the first attempt to count nationwide abortions since the court's decision.
In states that banned or severely restricted the procedure, there were over 8,000 fewer abortions in August than in April — a 95% decrease, WeCount found. - The number of abortions increased by about 11% in states where abortion remained legal.
Illinois had the biggest increase in the number of abortions, with 2,710 more in July and August than in April and May. | | | | | | | | 3. 🐦 Musk wants to take on TikTok | | Elon Musk mused yesterday to his 112 million Twitter followers about his speedy plans for his acquisition — including new video capability to compete with TikTok (above). - He changed his Twitter bio to "Chief Twit" just before taking over last week, and tweeted yesterday about Twitter employees: "Tweeps will be twits going forward, as the latter has vastly more gravitas."
💰 Blue check mark ALERT: News broke yesterday of Musk's apparent plan to charge anywhere from $5 to $20 per month for verified users to keep the blue check marks certifying their Twitter identities. - "The whole verification process is being revamped right now," he tweeted — then retweeted a poll about how much people would pay.
Musk deleted the conspiracy theory he had retweeted about Paul Pelosi. - He didn't explain why. But he posted a screenshot of a New York Times headline reporting he had shared a link from a site known to publish false news.
"This is fake," Musk shot back. "I did *not* tweet out a link to The New York Times!" | | | | | | | | A message from Bank of America | | The latest Insights on small business owners | | |  | | | | Bank of America's Women & Minority Business Owner Spotlight finds that despite challenges of inflation, supply chain and labor shortages, business owners' confidence in the economy increased significantly. Nearly 40% of business owners plan to hire over the next year. | | | | | | 4. 🗳️ Historic Md. ticket | | Wes Moore, Maryland's Democratic gubernatorial nominee, and lieutenant governor nominee Aruna Miller walk in a Labor Day parade in Gaithersburg. Photo: Bryan Woolston/AP Maryland looks like a rare bright spot for Democrats, who are bracing for a rough midterm outcome in many other blue states across the country, Axios' Josh Kraushaar reports. - Why it matters: Black voters are poised for historic wins in a state where they make up 31% of the vote — fourth-highest in the nation — but have lagged in statewide representation.
After Maryland Republicans nominated a Trump-endorsed candidate, a diverse slate of nominees is poised for a statewide sweep: - Author and Afghanistan war veteran Wes Moore is on the verge of making history as Maryland's first African American governor. He comfortably leads Republican Dan Cox, 58-27%, in a Baltimore Sun/University of Baltimore poll released last week.
- His running mate, former state Del. Aruna Miller, would be the first Asian American elected statewide.
- Rep. Anthony Brown (D-Md.) is heavily favored to become the state's first Black Attorney General.
🔮 What's next: President Biden will make his final midterm campaign appearance in Maryland — on Election Eve, at a rally for the Democratic ticket. - YouTube: Watch former President Obama's endorsement ad for Wes Moore.
| | | | | | | | 5. 🇧🇷 Brazil moves left | | Photo: Tuane Fernandes/Bloomberg via Getty Images Brazil's president-elect, Luiz Inácio Lula da Silva — known to all as Lula — celebrates with supporters on Paulista Avenue in São Paulo last night. - He won the presidential runoff, beating right-wing President Jair Bolsonaro with 50.90% of the vote, according to the country's election authority.
Why it matters: It's a stunning political comeback for Lula, who was sidelined during the last presidential election because of corruption convictions, Axios' Laurin-Whitney Gottbrath writes. - But his victory will likely see an aggressive challenge by Bolsonaro, who has for months claimed without evidence that Brazil's electronic voting system can be manipulated.
Photo: Matias Delacroix/AP Above: Lula supporters throng Paulista Avenue in São Paulo after he defeated Bolsonaro. | | | | | | | | 6. 📚 First look: Mike Pence on seeds of 1/6 |  | | | Cover: Simon & Schuster | | | | In former Vice President Mike Pence's "So Help Me God" — out Nov. 15 — he describes a scene in November 2020, just after the election, when he and former President Trump met in the Oval Office to review legal challenges with the campaign's lawyers. An excerpt obtained by Axios: What began as a briefing that Thursday afternoon quickly turned into a contentious back-and-forth between the campaign lawyers and a growing group of outside attorneys led by Rudy Giuliani and Sidney Powell, an attorney who had represented General Mike Flynn. After the campaign lawyers gave a sober and somewhat pessimistic report on the state of election challenges, the outside cast of characters went on the attack ... Giuliani told the president over the speakerphone, "Your lawyers are not telling you the truth, Mr. President." "Even in an office well acquainted with rough-and-tumble debates," Pence writes, "it was a new low .... [and] went downhill from there." | | | | | | | | 7. 🎸 Exclusive excerpt: Bono memoir |  | | | Cover: Knopf | | | | Bono — artist, activist and the lead singer of Irish rock band U2 — will be out tomorrow with a memoir, "Surrender: 40 Songs, One Story." By arrangement with Bono's team, Axios brings you this exclusive sneak peek. - Each of the 40 chapters is named after a U2 song. Bono, 62, did the illustrations.
Chapter 12, "Sunday Bloody Sunday," goes into detail on Larry Mullen and his drums' impact and importance, musically and personally. From there, Bono goes into the process that brought "Sunday Bloody Sunday" about, tying it back to Steve Lillywhite's contributions and how they brought out the best in Larry and the drums he played on. By Bono All musical instruments are useful for love and exhortation. - Only one is essential for war. The drums. The drums are thin skin stretched tightly over hollow volumes, mostly of wood, which gives them their earthiness, their sexiness. Slapping without the tickling.
- The hand or the stick bounces across the skin of the drums, throwing the listener forward into a dance, into a physical response.
For war, and in particular marching to war, wood was replaced by metal. The snare, as it's known for good reason, supplies body armor to the already athletic muscular choices available. - There is a particular violence built into the snare drum, and the rat-a-tat of a military tattoo was exactly what we were looking for with the opening of "Sunday Bloody Sunday." ...
Bono at U2's legendary show at the Red Rocks Amphitheatre in Colorado in 1983, which made "Sunday Bloody Sunday" famous. Photo: U2's archive. Used by permission From a very junior age, Larry Mullen has explained his craft and art like this: "I hit things for a living." - And he does. He can hit people, too, not physically, but psychically. ...
- Drummers are born, not made.
Excerpted from SURRENDER by Bono. Copyright © 2022 by Bono. Excerpted by permission of Alfred A. Knopf, a division of Penguin Random House LLC. All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher. | | | | | | | | 8. 👻 1 fun thing: America's most haunted |  Data: Tim Renner via The Shadowlands. Chart: Kavya Beheraj/Axios "Unexplained noises or screams" — that's the most common category of hauntings in the U.S. - The Axios Visuals team thought it would be a fun Halloween treat to dig into a dataset of supposedly haunted locations, collected and organized from reader submissions to the paranormal website The Shadowlands.
| | | | | | | | A message from Bank of America | | Entrepreneurs' view on accessing capital | | | | | | | | Bank of America's new report finds that access to capital remains a key issue for women and minority business owners, with half of AAPI, Black and Hispanic-Latino business owners experiencing challenges. Read the Women & Minority Business Owner Spotlight. | | | | 📬 Thanks for starting your week with us. Please invite your friends to sign up to get their daily essentials — Axios AM, PM and Finish Line. |  | | Are you a fan of this email format? It's called Smart Brevity®. Over 300 orgs use it — in a tool called Axios HQ — to drive productivity with clearer workplace communications. | | | |
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