While you were shuffling your fantasy roster... nearly half of Saudi Arabia's oil-pumping capacity was knocked out Sunday by drone attacks — that means nearly 5M barrels/day of oil won't hit markets. It caused oil prices to jump a shocking 12%, and President Trump said he'll tap America's strategic oil reserves "if needed." US officials claim Iran is behind the strike, but rebels in Yemen publicly took credit.
"Siri, what just happened?"... On Tuesday, Apple unveiled the new iPhone 11: Fancy colors (lotta pastels), 3 hump-creating cameras (one is ultra-wide), and a $1K+ price tag for the pro. But the highlight was Apple TV+: The streaming service featuring Apple's own shows (welcome, Steve Carell and Reese Witherspoon) for just $4.99/month (or free for a year if you buy an Apple device). Your move, Netflix.
Mom jeans have more fun... Turns out J.Crew just filed the paperwork to officially spin off Madewell into a separate company with its own IPO. While J.Crew's sales have slipped, Madewell now makes up the majority of the company's profits. Meanwhile J.Crew's rival Gap is doing the same thing with its jean-wearing dependent, Old Navy — and just announced 800 new Old Navy stores are coming.