And the world's most famous mug shot August 25, 2023 | [Read Online]( Dawn Report August 25, 2023 The Federal Reserve is about to hold the most important meeting of the year in Jackson Hole, Wyoming - and make no mistake thatâs what the markets will be all about today. Yes, there was some BIG political news (more on that later), but weâre focused on the stock market - and weâre about to get a much more detailed look at Federal Reserve policy and philosophy. The Fed has plenty to be happy about right now. The rate of inflation has been falling for months. The much-anticipated recession hasnât shaped up. The higher interest rate hasnât crushed the stock market, with excitement over AI driving a bull market for most of this year. But things which canât last forever⦠donât. The Fed is still well above its 2% inflation target and is fiercely divided about whether another interest rate hike should take place immediately. Homeowners are already buckling under some historically high mortgage prices. Regional banks are also buckling under the pressure. Can the Fed really afford to give another body blow to the American economy⦠especially now that analysts are expecting them to lay off? There will be politics aplenty over the next year and a half. But right now, what matters most for your wallet is whatâs taking place in Wyoming. Get Whatâs Yours, Jeff Bishop WORD ON THE STREET - BRICS Could Grow By Six Countries - The BRICS economic bloc, often touted by Russia and China as a potential counterbalance to the West, is growing by six countries - that is, if all who are invited accept. They include Iran, Saudi Arabia, the United Arab Emirates, Argentina, Egypt, and Ethiopia. The bloc currently includes Brazil, Russia, India, China, and South Africa. - Subway Has Been Sold - Quick trivia tip - the âfast foodâ chain with the most locations is not McDonaldâs, as many think. Itâs actually Subway, by quite a few thousand. So it may matter that Subway has been [sold](to the private equity firm Roark Capital. This could get awkward - Roark Capital also owns Jimmy Johnâs. Donât make me choose! - Disney Closes At 9 Year Low - Disney (DIS) was down by 3.9%, closing at a nine year low of $82.47 a share. The [decline](in pay-TV subscribers and its failing studio business are among the top reasons why, as well as softening demand at theme parks. - Barbie The Highest Grossing Domestic Film Of 2023 - Oh no, thereâs really going to be another MCU - a Mattel Cinematic Universe. âBarbieâ from Warner Brothers Discovery has now [made]($1.3 billion gross this year. It will soon pass âThe Super Mario Bros. Movie,â which made $1.35 billion. Childhood toys seem to be our main models for cinema now. HOT SPOTS: What's Going on in Geopolitics - Dude, Thatâs Cold - Russian president Vladimir Putin [offered](his condolences on the death of Yevgeny Prigozhin. âFirst of all, I want to express my sincere condolences to the families of all the victims, this is always a tragedy,â he said. He called the departed mercenary chief a âtalented man, a talented businessmanâ but admitted he was a âman of difficult fate, and he made serious mistakes in life.â Who knows, maybe it really was an accidental crash⦠HAHAHAHAHA, sorry, I couldnât help it. - China Bans Seafood Exports From Japan As Nuke Feud Escalates - In response to Japan releasing treated radioactive water from the Fukushima Nuclear Plant, China has [banned](all seafood exports from Japan. Chinaâs customs agency claimed this would âcomprehensively prevent the risk of radioactive contamination of food safety, protect the health of Chinese consumers, and ensure the safety of imported food.â Japan says its actions are safe and the International Atomic Energy Agency is monitoring the discharge. - Ukraine Nears Military Breakthrough - Commander-in-Chief Valerii Zaluzhnyi [told](American officials that Ukrainian forces are nearing a breakthrough as they attempt to punch through Russiaâs fortified positions. Ukraine has concentrated its forces in recent weeks, following American urging for a major attack on a single front. Both Ukraine and the United States are aware that foreign aid is likely to dry up if Kyiv canât show results in the short-term. CUTTING EDGE: What['](s Happening In Tech - DOJ Sues SpaceX - I keep telling you guys, the feds have Elon in their sights. The Justice Department [sued](SpaceX, saying the company discriminated against asylees and refugees in hiring. âThrough this lawsuit we will hold SpaceX accountable for its illegal employment practices and seek relief that allows asylees and refugees to fairly compete for job opportunities and contribute their talents to SpaceXâs workforce,â said Assistant Attorney General Kristen Clarke of the Justice Departmentâs Civil Rights Division. - Hugging Face Hits $4.5 Billion Valuation - The AI startup Hugging Face, which calls itself âGitHub for machine learning,â [picked up]( $235 million in a Series D fundraising round and now boasts a $4.5 billion valuation. Backers include Google, Amazon, Nvidia, Intel, AMD, Qualcomm, and IBM. - AI To âTone Policeâ The LAPD - Wasnât this the plot of âDemolition Man?â Researchers in California [will be using AI]( to study bodycam footage and judge whether officers âescalatedâ confrontations with the public through their tone or body language. âWith this project, the Department hopes to gain valuable feedback to benefit our training, policies and practices,â said LAPD Cmdr. Marla Ciuffetelli. âThis project also reflects our unwavering commitment to public transparency and accountability.â Iâd rather they just stop the rampant street crime, but if this kind of stuff makes them feel happy, who am I to judge? FOR YOUR CONSIDERATION âPresident Donald Trumpâs mug shot will instantly become the most famous mug shot in the world, and possibly in world history.â Well, the finally did it. Donald Trump has become the first ex-president of the United States with a mug shot - and itâs instantly gone viral. Might it help him? Elon Musk mused it might⦠and Mr. X agrees. Hereâs how Trump could be courting martyrdom. [THE MOST FAMOUS MUG SHOT IN HISTORY]( Enjoying Dawn Report? Learn something, made some money?
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