64% of Americans say they want companies out of politics. MORNING CONSULT: https://fluence-media.co/3YHP4dS
Minnesota is the third most charitable state. WALLETHUB: https://fluence-media.co/3YMaZ3k
Red Wing Shoes has new boots inspired by ones worn by actor Steve McQueen. SEE: https://fluence-media.co/3UKx6pM
Today’s 6:20 morning take on WCCO Radio with Vineeta Sawkar. LISTEN: https://fluence-media.co/48Ke0pw
Sign-up for Sports Take a weekly preview of the week ahead published on Thursdays. HERE: https://fluence-media.co/SportsTakeSignUp
Yesterday, Leaders Melissa Hortman and Lisa Demuth on Sunday Take READ/LISTEN: https://fluence-media.co/3ABO3Mf
Blois
tips/feedback bloisolson@gmail.com
DEPORTATIONS: Via Reuters, VERBATIM: “Widespread deportation of foreign-born workers from the United States probably would disrupt some businesses, but the impact on inflation and the broad economy would depend on the details, Minneapolis Federal Reserve President Neel Kashkari said on Sunday. Kashkari, appearing on the CBS program ‘Face the Nation,’ offered his views on the economic impact of U.S. President-elect Donald Trump's campaign promise to deport immigrants who are in the United States unlawfully.” QUOTE: "If you just assume people are working - either working in farms or working in factories - and those businesses now lose employees, that would probably cause some disruption," Kashkari said. "The implications are not entirely clear to me," Kashkari added. "Ultimately it is going to be between the business community and Congress and the executive branch to figure out how they would adjust." READ: https://fluence-media.co/3AsmzZE
INTEREST RATES: Via Bloomberg, VERBATIM: “Federal Reserve Bank of Minneapolis President Neel Kashkari said a strong economy and higher productivity growth may drive the US central bank to cut interest rates less than previously expected. Kashkari, in his first public remarks since he and his colleagues lowered interest rates earlier this week, indicated it was too early to determine whether policies from the incoming Trump administration and the new Congress would stoke inflation and ultimately lead to fewer rate reductions. He said the Fed will need to wait and see what policies actually materialize before factoring them into their analysis.” READ: https://fluence-media.co/4eouxAW
SCHOOLS: More than half of the school funding questions on Minnesota ballots last week failed – 29 passed, 35 did not. Association of Metropolitan School Districts Executive Director Scott Croonquist talked with Vineeta Sawkar on WCCO-Radio’s The Morning News. CROONQUIST: “It was a challenging environment and we kinda knew it would be a tough environment. First of all, presidential election years are always a challenge because it’s hard for school districts to break through all that noise.” LISTEN: https://fluence-media.co/3O2ICcl
SENATE: From Christopher Ingraham via Minnesota Reformer, VERBATIM: “Another point of contrast between Minnesota and everywhere else: Sen. Amy Klobuchar ran an impressive 5 percentage points better than Kamala Harris, a bigger overperformance than any other Democratic Senator, with the exception of Montana’s Jon Tester, who lost. Klobuchar won 21 of Minnesota’s 87 counties on her way to a 16-point victory over challenger Royce White. Harris, by contrast, took just 9 counties.” READ: https://fluence-media.co/4erLtqa
WALZ: Via The New York Times, VERBATIM: “Gov. Tim Walz, Democrat of Minnesota, addressed supporters in his state on Friday, vowing to protect Minnesota from the “most extreme elements” of a second Trump administration. Mr. Walz, who as Vice President Kamala Harris’s running mate lost the election on Tuesday, rose to national prominence as governor for his progressive administration of Minnesota. He promoted his record in a 17-minute speech on Friday in Eagan, Minn., telling supporters that ‘we’re going to have to be ready to defend the progress that we made here in Minnesota.’” READ: https://fluence-media.co/3UKX1h8
CONTINUOUS IMPROVEMENT: Flint Hills Resources makes fuels and other products people need and use every day, products that help keep Minnesota moving. The company does this while prioritizing safety and environmental stewardship and contributing meaningfully to the community. STEWARDSHIP WITH A PURPOSE: Four pillars of stewardship (SPONSORED: Flint Hills Resources)
BREMER: Via Bloomberg, VERBATIM: “Bremer Financial Corp., Minnesota’s fourth-largest bank by deposits, is for sale, according to people familiar with the matter. Financial advisers have been retained to find a buyer for the Saint Paul-based lender, said the people, who asked to not be identified because the matter isn’t public. While it’s not clear how much it would fetch in a sale, the bank had about $1.35 billion of equity capital as of June 30, according to regulatory filings. Healthy banks tend to change hands at the value of their equity or more.” READ: https://fluence-media.co/3Cj57HA
BECKER: The Minneapolis/St. Paul Business Journal’s Caitlin Anderson reports a subsidiary of Amazon bought 348 acres in Becker – part of Xcel Energy’s Sherco site – to build a data center. READ: https://fluence-media.co/4fnn85Y
ANI: Via Associated Press, VERBATIM: “ANI Pharmaceuticals Inc. (ANIP) on Friday reported a third-quarter loss of $24.2 million, after reporting a profit in the same period a year earlier. The Baudette, Minnesota-based company said it had a loss of $1.27 per share. Earnings, adjusted for one-time gains and costs, were $1.34 per share.
The results surpassed Wall Street expectations . . . The drugmaker posted revenue of $148.3 million in the period, also surpassing Street forecasts.” READ: https://fluence-media.co/4emXNrz
WEDNESDAY: Via AARP, VERBATIM: “People are 20 times more likely to save for retirement if contributions are automatically deducted from their paychecks. Minnesota’s Secure Choice Retirement Program is a new state-sponsored plan designed to help small businesses offer employees an easy way to save for their future. Set to launch after January 2025, Secure Choice is:
Easy to administer
Zero employer fees
No fiduciary responsibility
Voluntary for employees
Join AARP Minnesota and the Minneapolis Regional Chamber for an insightful conversation on Secure Choice.” REGISTER: https://fluence-media.co/3O3aVas (SPONSORED: AARP Minnesota)
MILLE LACS: From Drew Wood via MplsStPaul, VERBATIM: “These days, the Mille Lacs Band of Ojibwe is about a lot more than just imploring folks to tell their Grand Casino stories. Just ask the guy who came up with that prompt in the first place.” QUOTE: “We’re more than a casino now,” says Joseph Nayquonabe Jr., the 42-year-old CEO of Mille Lacs Corporate Ventures (MLCV), the business arm of the tribe, in his office overlooking the lake just across the parking lot from Grand Casino Mille Lacs. “Gaming’s topped out in our region, but the tribe continues to grow. I think we’re the only tribe projected to grow over the next 50 years, so we’ve got to decide: Do we grow aggressively, or do we try to curb the quality of life for our members? And the Mille Lacs Band’s not interested in the latter.” READ: https://fluence-media.co/48Nf5gA
NEW HOPE: From Emily Haugen via CCX Media, VERBATIM: “After a months-long closure, the 36th Avenue Bridge over Highway 169 reopened to the public on Friday. The bridge closed back in June. That closure was necessary to replace the old bridge and build a new one. This reopening is a sigh of relief for the New Hope businesses just off the exit. Marcos Ayala, who owns Arizona Taco Co. just off that exit, said the closure took a toll on his customer base and staff.” WATCH: https://fluence-media.co/4fG2pu1
BRINGING SAFETY TO “THE NEXT LEVEL” - As part of Enbridge’s work on the Fond du Lac Band of Lake Superior Chippewa Reservation in northern Minnesota, Enbridge has brought in family-owned and Indigenous-owned Northern Lights Family Outfitters to fully outfit project workers right on the job site with personal protective equipment (PPE) from its 48-foot mobile trailer. “Enbridge really brings safety to the next level,” says Patti, a project liaison for Enbridge and the Fond du Lac Band. “It’s really helpful to have a mobile unit, especially for this kind of work. WATCH: https://fluence-media.co/3OQYmjn (SPONSORED: Enbridge)
HOMEOWNERSHIP: From Cynthia Moothart via Minnesota Spokesman Recorder, VERBATIM: “Surveys show that nearly 40% of Americans who don’t own their homes report a lack of savings for down payment as a primary reason. To unlock homeownership and help Minnesotans build wealth, the state created a three-year $150 million fund in 2023 to provide down payment assistance to first-generation homebuyers. The fund is set aside for people who’ve never owned a home and whose parents never owned a home—or those who lost their home to foreclosure. The program was designed to help close racial disparities in homeownership rates across the state.” READ: https://fluence-media.co/3YM822Q
BREAD: From Justine Jones via Eater Twin Cities, VERBATIM: “You may know Omri Zin-Tamir for the distinctly dark-crusted sourdough loaves he’s sold for years at local farmers markets under the name the Bakery on 22nd Street . . . Now, Zin-Tamir finds himself as head baker of soon-to-open Razava Bread Co., a venture by the family behind St. Paul’s historic Baldinger Bakery, founded circa 1888. (These days, it’s a wholesale business.) With a capacity of up to 600 loaves a day, Razava represents a major scale-up for Zin-Tamir, making him the captain of the ‘noisy, clunky pirate ship bakery’ he says he’s always imagined for himself.” READ: https://fluence-media.co/4fIrbtm
AVI: From Minneapolis-based AVI via Business Wire, VERBATIM: “AVI Systems today announced it will acquire CCS Southeast, an audiovisual systems integrator that designs, installs and supports technology solutions throughout the Southeast United States. The acquisition includes locations in Jacksonville, Miami and Orlando, Fla., as well as offices in Knoxville, Tenn., and Atlanta, Ga.” READ: https://fluence-media.co/3O3cSnC
NOTE: Every day, we’re sharing significant political, business and other news in other newsletters. If you love lunch take, sign up for the other tip sheets HERE: fluence-newsletters.com
TODAY: Via news release, VERBATIM: “Business owners and representatives from prominent industry organizations will gather for a press conference on Tuesday, November 12 at 12:30 PM to speak out against the proposed Labor Standards Board (LSB) as it quickly moves through the Minneapolis City Council. The proposal, which passed the Public Health and Safety Committee on Wednesday, November 7, is scheduled to go before the Committee of the Whole on Tuesday, Nov. 12, with a final City Council vote set for Thursday, November 14.”
TODAY: From Dennis Doeden via The Bemidji Pioneer, VERBATIM: “A new monument will be unveiled at the Bemidji Veterans Memorial on Monday, Nov. 11 as the community celebrates Veterans Day. The ceremony will take place at 1 p.m. at 130 Minnesota Ave. SW, next to the Beltrami County History Center. The monument will be the largest piece of the current memorial, standing at over 8 feet high.” READ: https://fluence-media.co/4eotukm
TOMORROW: From New Prague-based Electromed via Business Wire, VERBATIM: “Electromed, Inc. (NYSE American: ELMD), a leader in innovative airway clearance technologies, today announced that it will release its financial results for the fiscal 2025 first quarter ended September 30, 2024, on November 12, 2024 after the close of the stock market. Company management will host a conference call the same day at 5:00 p.m. Eastern Time to discuss the results.” READ: https://fluence-media.co/3Yptn1V
WEDNESDAY: From Hopkins-based Digi via Business Wire, VERBATIM: “Digi International Inc. (NASDAQ: DGII) will release its financial results for the fourth fiscal quarter and full fiscal 2024 on Wednesday, November 13, after market close, at approximately 4:00 p.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call the same day, at 5:00 p.m. ET, to briefly discuss the results and will take questions and provide answers.” READ: https://fluence-media.co/4f0KSMz
THURSDAY: From Plymouth-based Celcuity via Globe Newswire, VERBATIM: “Celcuity Inc. (Nasdaq: CELC), a clinical-stage biotechnology company pursuing development of targeted therapies for oncology, today announced that it will release its financial results for the third quarter 2024 after the market closes on Thursday, November 14, 2024. Management will host a webcast/teleconference the same day at 4:30 p.m. Eastern Time to discuss the results and provide a corporate update.” READ: https://fluence-media.co/3CueDY8
From Friday’s Fluence newsletters:
AMENDMENT: From Mike Moen via Public News Service, VERBATIM: “Minnesota voters this week signed off on giving a longer shelf life to a funding tool helping protect the state's natural resources and its backers see more room for making farmland climate resilient. Nearly 78% of Minnesota voters said yes to Amendment 1, a 25-year extension of a constitutional amendment dedicating 40% of lottery proceeds to the Environment and Natural Resources Fund. Theresa Keaveny, Minnesota state policy lead for the group Climate Land Leaders, said the program has already helped spur adoption of practices such as managed grazing of farm animals to help restore the health of some landscapes. She argued smaller family farms need more support to embrace conservation.” READ: https://fluence-media.co/3YF8nV8
HOPE STREET: From Madeline Nachbar via MplsStPaul, VERBATIM: “Catholic Charities Twin Cities' Hope Street, a shelter for young adults facing homelessness, has partnered with California Closets to unveil a new closet designed to dress youth for success. The 30-bed apartment-style shelter, located in the Hiawatha neighborhood, serves youth ages 18 to 24 seeking shelter before finding permanent housing and employment. The shelter offers residents access to meals and case managers, as well as counseling and therapy services, and life skills classes. Its newest initiative, ‘The Closet,’ led by Hope Street Senior Program Manager LaTasha Mays, provides those living at Hope Street with free clothing.” READ: https://fluence-media.co/3NYA4Dj
LIST: U.S. Bank, Hormel Foods, Xcel Energy, and Andersen Corporation all made Military Times’ “Best for Vets” list. SEE: https://fluence-media.co/4hI8urN
FIREFIGHTERS: From Joe McCoy via KARE-TV, VERBATIM: “Not often do first responders do something so heroic that their colleagues take notice. But on Jan. 3, St. Paul firefighters Jacob Ryks and Mason Conlin did just that. ‘Some of the stuff that they did really, really humbled me as the fire chief, and I've been on for 30 years,’ said St. Paul Fire Chief Butch Inks. On Jan. 3, six young children and their mother were trapped inside their St. Paul home. Ryks and Conlin ended up rescuing five of the kids, giving them a chance to survive. Tragically four of them passed away at the hospital.” WATCH: https://fluence-media.co/40CIrw3
VETERANS: From Heidi Wigdahl via KARE-TV, VERBATIM: “In Minneapolis, an organization supporting veterans knows the power of community and a good cup of coffee. ‘You can tell people truly enjoy coming here as a community space,’ said Eric Geesaman, while inside Rick's Coffee Bar. The full-service coffee shop is located in the Nokomis East neighborhood. But to truly understand this space, you have to start with its name. Rick's Coffee Bar was named to honor the memory of Rick Gustafson, a master sergeant in the United States Air Force.” WATCH: https://fluence-media.co/3YJsh1h
Subscribe to other Fluence newsletters: fluence-newsletters.com
CHASKA: From Metronet via Business Wire, VERBATIM: “Metronet, the nation’s fastest major ISP according to PCMag, today announced that 100% fiber-optic internet service will soon be coming to Chaska, Minnesota. Investing tens of millions of dollars, Metronet has officially begun construction to bring multigigabit internet service directly to homes and businesses throughout the city.” READ: https://fluence-media.co/3CmCQzP
CHICKEN SANDWICH: From Dustin Nelson via Bring Me The News, VERBATIM: “In an award that will spark no dissenting opinions, Minneapolis' Hen House Eatery has been crowned home of the best chicken sandwich in the country. The Chicken Sandwich Challenge was run by bread company Artesano, which pitted sandwiches from eight restaurants against each other in a public vote. Hen House's The GOAT came out on top.” READ: https://fluence-media.co/3YXAdx4
FORUM: If you’re interested in having the Fluence Forum host a topic, please contact Blois Olson at bloisolson@gmail.com
MARKET: From Madeline Cisneros via MplsStPaul, VERBATIM: “Get bundled up and head over to North Loop Green to experience a new outdoor winter market wonderland. During the weekends of November 22–December 22, the space will transform into the Minneapolis Christkindl Market, ‘a world of twinkling lights, alpine-style wooden houses and the cozy aroma of mulled wine,’ according to the market organizers.” READ: https://fluence-media.co/4fjGAAM
If you like podcasts, listen to Beers with Blois... https://fluence-media.co/3vkqhMN
BDAYS: GOP communication pro Christine Snell, hockey guy Pete Waggoner, Farmer’s Union lobbyist Stuart Lourey, attorney and bubble lover Abou Amara, nonprofit leader Jeff Johnson, retired commissioner Linda Higgins, communications pro Ashley Aram
Fluence Media curates, produces and distributes specialized media products to thought leadership audiences across the Midwest and about the region. Our publications cover, politics, public policy, health care, agriculture, business, real estate, sports and more. Visit www.fluence-media.com to learn more.
about morning take- Founded in 2010, morning take has grown to become the leading Minnesota morning newsletter on politics and news of the day. Published by Fluence Media since 2012 the mission is to "make you smarter" before breakfast.
Copyright © 2024 Business Take, All rights reserved.
Our mailing address is:
Fluence Media
PO Box 270031
Golden Valley, MN 55427