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They are at time.com/newsletters and are separate from a paid subscription. ## Video: From National Anthems to Natural Disasters: Let’s Break Down Everything You Need to Know This Week [Watch (HLS stream): From National Anthems to Natural Disasters: Let’s Break Down Everything You Need to Know This Week](https://cdn.jwplayer.com/manifests/65bwnlj2.m3u8) (12:55)  _Published 2018-09-12. How the NFL skirts a decision on their national anthem dilemma, what the United States has learned since 2017’s devastating hurricane season, why tech titans are sounding the alarm against Trump’s China tariffs, and what to know about day trading._ --- Jul 28, 2023 12:32 AM UTC --- ## More From This Series [All Videos](https://time.com/video/) [From Brett Kavanaugh to Better Disaster Relief Efforts: Let’s Break Down Everything You Need to Know This Week](/video/VhHmsbMW/) ### From Brett Kavanaugh to Better Disaster Relief Efforts: Let’s Break Down Everything You Need to Know This Week [From Trade Wars to Tech Titans: Let’s Break Down Everything You Need to Know This Week](/video/UdOVmTmu/) ### From Trade Wars to Tech Titans: Let’s Break Down Everything You Need to Know This Week [From Tariffs to Tech: Let’s Break Down Everything You Need to Know This Week](/video/UCjzyRoQ/) ### From Tariffs to Tech: Let’s Break Down Everything You Need to Know This Week --- ## Transcript [ MUSIC ] Welcome to The Breakdown, thank you so much for joining us. I'm host, Neha Joy. And we're here with the top stories of the week from Sports Illustrated, Time, Fortune, and Money. Now this week we're looking at NFL's move to skirt a decision on their national anthem dilemma with no rules set for the 2018 season. As the east coast braces for hurricane Florence time examines what the United States has learned last years devastating hurricane season. The tech titan sound the alarm on Trump's. China tariffs and what you need to know about day trading so let's dive in. [ SOUND ] The twenty eighteen NFL season marked several updates to the rule book but one glaring omission was the implementation of a national anthem policy. As it stands the NFL will not have a policy this season that requires player to stand during the pre game ceremonies. The league has been grappling with how to handle the anthem rules since 2016, when then- 49ers quarterback, Colin Kaepernick, began a social movement by first sitting then kneeling during the National Anthem of a pre- season game to protest police brutality and racial injustice. During the third week of the 2017 season, President Donald Trump insightedly [ UNKNOWN ] demonstrations after he targeted protesting players, an Alabama rally, saying this. Wouldn't you love to see one of these NFL owners when somebody disrespects our flag, to say, get that son of a [ UNKNOWN ] the field right now out. He's fired. [ APPLAUSE ] He's fired. League owners have been in talks with the NFL Players Association regarding the demonstrations but have yet to reach a compromise. In a public statement released on Twitter last month the NFLPA said they remain committed to working together on solutions. Earlier this year NFL commissioner, Roger Goodell, announced a policy requiring all players on the field to stand during the national anthem and players could choose to remain in the locker room if they preferred. But, the decision was put on hold after it was met with backlash from both fans and athletes alike. League owners are reportedly divided on the issue and players are looking to shift the overall rhetoric around the movement. During the first week of this season, 10 players protested and only two Miami dolphin receivers, Kenny Stills and Albert Wilson, took a knee throughout the anthem. That's a sharp contrast to last season more over 200 players took part in demonstrations. Philadelphia Eagles safety Malcolm Jenkins, who stopped taking a knee, said players are trying to move past the rhetoric of what's right or what's wrong in terms of the anthem. And really focus on the systematic issues that are plaguing our communities. While the movement of on field protests seem to be waning, Seattle Seahawks lineman and protestor Dwayne Brown said he hasn't received any message to dial it down from the NFL PA. The NFL's non- policy comes in the wake of a Nike ad campaign featuring Colin Kaepernick. Believe in something. Even if it means sacrificing everything. The ad, which has given Nike a 31 % increase in sales since it's release, has also been met with fierce criticism online and offline, with some going so far as burning their Nike apparel. Trump called the ad a terrible message. The president also criticized the NFL's television ratings, pointing blame to networks' decision to not televise the national anthem. But this is not the first time athletes have protested during the national anthem. In what would become one of the most famous political protests in the history of sports Nonetheless, Tommie Smith and John Carlos raised their fists to the sky during the anthem at the 1968 Olympics. And four years later, Vince Matthews and Wayne Collett were banned from the Olympics for not facing the flag during their medal ceremony. While the Anthem policy remains largely unsolved for the NFL, Brown believes the protests continue to be relevant saying, " the country hasn't moved on from it, so I'm not going to move on from it, either ." After a mostly quiet summer, for the first time since 2013, no hurricanes formed in August in the Atlantic basin. The second of September marks a frenzy of activity for the 2018 Atlantic hurricane season. Hurricane Florence, a Category 4 storm with 140 miles per hour winds, is expected to hit landfall in the coast of North and South Carolina on Friday, September 14th. States of emergency have been declared across South Carolina, North Carolina, Virginia, Washington, DC, and Maryland, with 1, 600 National Guard troops deployed to support the affected areas. And 1. 7 million people have been ordered to evacuate from the coast. North Carolina governor, Roy Cooper, shared with reporters. This storm is a monster. It's big and it's vicious. It's an extremely dangerous, life- threatening, historic hurricane. Well Hurricane Florence is so unusual because it's very rare of a storm of this particular magnitude to strike anywhere on the east coast north of Florida. These states haven't seen a storm this strong in maybe 60 years. North Carolina has been hit by only one other category Category four storm since record keeping begin in 1850s. That was hurricane Hazel in 1954. Now Florence is on track to be one of biggest hurricanes in US history with winds expected to accelerate to 155 miles per hour and produce a storm surge of up to 15 or 20 feet. Addressing the governments preparations for Florence, President Trump said this. We are sparing no expense, we are totally prepared, we're ready. We're as ready as anyone has ever been. But as two storms further out in the Atlantic Helene and Isaac gain strength these threats are particularly unsettling because the US is still reckoning with the full impact of twenty seventeen's brutal hurricane season. A national oceanic and atmospheric administration asks to meet that the three category four storms, Harvey, Irma, and Maria that hit the country in 2017 caused over $ 300 billion in damages. So are these costly disasters the new normal? It does, but not because storms just happened to be hitting more expensive areas or wealthier areas, it's because people keep building in hurricane prone areas. So there's more property for these storms to damage and destroy, when they do arrive. And like Hurricane Harvey, which stalled over Texas in 2017, and was the biggest rainfall event to ever hit the US. Florence could linger over the East Coast for several days, unloading 15 to 20 inches of rain. Our hurricane winds are a big deal. Its storm surge arise in sea levels caused by strong winds and rainfall that are responsible for 76 % of all direct hurricane deaths. But U. S. cities have learnt some lessons since hurricane Katrina. Cities have began to build at least research various ways to mitigate flooding and mitigate strong surge. Whether that spams or [ UNKNOWN ] or other technologies that can be installed to help prevent catastrophic flooding. As a base line for hurricanes continues to grow more intense, hurricane forecasting emerges as a critical tool. And while the European forecasting model may have greater resources and technology than its American counter parts That said, no one model is 100 % accurate all of the time. Somtimes one model is accurate and sometimes another one is. And US hurricane forecasting keeps getting better year over year. Your favorite pieces of tech might be getting a bit more expensive. As Trumps trade war with china continues the white house is considering a new round of teriffs. [ MUSIC ] On two- hundred billion dollars of Chinese imports, which is expected to cause a price on electronics, such as the Apple Watch, Fitbit Trackers, and Sono speakers. Companies including Apple, Dell, and Hewlett Packard have sent letters to the Federal Government, asking for an exemption from the tariffs. Voicing concerns that increased production costs may result in a loss of US jobs and could give business rivals a leg up in US markets. In its letter to the Office of the US Trade Representative, Apple said that the new round of tariffs on Chinese imports would raise prices on some of its products including the Apple Watch and the Mac Mini The company is particularly vulnerable in a trade war between the US and China because it makes many of its products in China. It also is the perfect target for Chinese retaliation against Trump since it sells many of its goods, like the iPhone, in the region. In just the second quarter of this year, the iPhone maker reported $ 13 billion in revenue from greater China Intel Corp has also chimed in, saying the proposed tariffs would negatively affect US businesses, and stifle advancements in its telecom infrastructure, including next- generation technologies like 5G. More than 300 companies testified in Capitol Hill hearings in August to voice their tariff frustrations. But despite the industry is concerned, President Trump has insisted that instead of changing his tariff plan companies like Apple should make more of their products in the US. If imposed these new tariffs would cover almost half of all Chinese goods entering the US. China promise to retaliate if Trump escalates their tariff battle. The country's imports from the United States last year totaled $ 153, 900, 000, 000. And after earlier tariffs targeted $ 50, 000, 000, 000 of US goods. That will leave $ 100, 000, 000, 000 left for retaliation or half of Trump's $ 200, 000, 000, 000 list of goods for the second round of tariffs. The China's not the only country Trump has in its crosshairs. Last week Trump threatened attacks against Canadian made cars saying it would be devastating and the ruination of the country. Trump thinks the US will come up on top in this trade war. But if countries continue to match the US with their own tariffs the consequences could go even deeper into American's wallets. There is more than one way to approach the stock market and many different schools of thought exist, on how best to make money when buying and selling securities. One method that's been getting a lot of traction amongst millennials, is day trading. Whether it's related to Bitcoin or main stream stocks, day trading has reached a new generation of investors that are foregoing commonly accepted investment norms. There are even corners of the internet that glorify these investment thrill seekers. " WALLSTERETBETS ," a memetastic reddit forum with over 300, 000 members, provides a home for those looking for extremely risky bets on the market. And then brag about it. But volatility is the name of the game when it comes to Day- trading, defined as the buying and selling of a security within a single trading day. Day- traders turn a profit by taking advantage of market price fluctuations. While the introduction of online trading platforms like E- Trade and Ameritrade made it possible for anyone behind a screen to become a day- trader Federal regulations still require pattern day traders to maintain a balance of at least $ 25, 000 in their account. And this get rich quick investment plan comes with plenty of warnings. The SEC even chimed in to warn would be investors saying " While day trading is neither illegal nor is it unethical, it can be highly risky ." And that day- traders should be prepared to suffer severe financial loses. According to a Yale study in 2004, eight in ten investors end up losing money within six months. So does this YOLO style of investing actually have any merit? Here to dive deeper into the phenomenon is Money senior editor Ian Salisbury. All right Ian, thanks so much for joining us. Now there are pockets of the internet that glorify risky investments. And when that's encouraged, is day trading actually a promising option? You know we're in the midst of what's been a ten year bull market and that can make it seem very easy to make money in stocks. But we've seen academic research on day- trading that suggest something like eight in ten individual investors ends up loosing money with a strategy over something like six months. Mm- hm, now this isn't the first time day- trading has become popular. So tell me a little bit more about that. Day trading was really popular in the late 1990s right before the Dot Com bust. It didn't end well, and I think a generation of investors sort of learned their lesson. But that was almost 20 years ago now, and there's a new generation of investors that perhaps hasn't learned the same lesson. Mm- hm, so what's the moral of the story here? I think the moral of the story, it's really a cautionary tale. You can be pretty sure the stock market is gonna go up over a long time horizon, the time between now and when you retire 10- 20- 30 years from now. A short- term time horizon a day or so, it's really pretty random. In the long run, you're gonna end up behind. Mm- hm, all right, very insightful. And again, thanks so much for joining us. Thank you. And that's The Breakdown for this week. Until next Wednesday, I'm [ UNKNOWN ] and thanks for joining our weekly round up of the news. 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