The government stays open for now...
October 02, 2023 [View Online]( | [Sign Up]( | [Shop]( [Morning Brew]( PRESENTED BY [Facet]( Good morning. Former President Jimmy Carter celebrated his 99th birthday yesterday, which is something of a miracle considering he wasnât expected to live more than a week after entering hospice in Februaryâseven months ago. The Washington Post says Carter spends his days sitting with his wife, Rosalynn; keeping up to date on the news (probs Morning Brew); watching his Atlanta Braves dominate the league; and bingeing Law and Order. As a Navy man, always figured heâd be an NCIS guy. âDave Lozo, Neal Freyman MARKETS: YEAR-TO-DATE Nasdaq 13,219.32 +27.27% S&P 4,288.05 +12.13% Dow 33,507.50 +1.12% 10-Year 4.579% +69.9 bps Bitcoin $27,078.40 +63.64% Meta $300.21 +140.67% *Stock data as of market close, cryptocurrency data as of 1:00am ET. [Here's what these numbers mean.]( - Markets: The fourth quarter offers a fresh start for investors bruised up during the rough third quarter. But much of the excitement that infused markets in the first half of the year has evaporated: The âMagnificent Sevenâ tech stocks have been tapped out of the AI hype and the Fed does not appear to be cutting interest rates any time soon. Â GOVERNMENT [The government stays open...for now](
[Meme about government shutdown being a temporary measure]( ImgFlip Defying everything the American people expect from their government, Democrats and Republicans [reached a compromise]( Saturday night to avoid a shutdown that would have disrupted the lives of millions and damaged the economy with each passing day. An eleventh-hour spending deal means federal workers will continue to be paid, and Fat Bear Week can proceed as usual, but itâs just a temporary solution. The 45-day funding bill will expire as you begin brining your Thanksgiving turkey in mid-November. - The spending package does not include any more aid to Ukraine, prompting President Biden to reassure Kyiv that he still has its back. The compromise was engineered by GOP House Speaker Kevin McCarthy, who now faces blowback for working with Democrats on a bill that doesnât reduce spending to levels conservatives wanted. GOP Rep. Matt Gaetz said Sunday he will file a motion to [remove McCarthy]( from his speakership this week. In a bizarre twist before the vote, Democratic Rep. Jamaal Bowman [pulled a fire alarm](. Bowman said it was an accident, thinking the alarm would open a door, but Republicans are calling for an investigation. The economy is still in a fragile spot Economists were concerned that a government shutdown, combined with the ending of two other Covid-era government programs this weekend, would deal a âtriple whammyâ to American wallets. Now, itâs just a double whammy. - Childcare: On Saturday, $24 billion in funding to support the childcare system during the pandemic expired. Going over the âchildcare cliffâ could threaten [womenâs historic gains]( in the workforce during the past several years.
- Student loan repayments: A three-year moratorium on federal student loan repayments ended the same day, requiring 43 million borrowers to start paying back their IOUs to the government. As a result, [up to $100 billion]( in consumer spending could be wiped out of the economy over the next year. Â Â PRESENTED BY FACET [Pop the cork](
[Facet]( Life is full of big, champagne-worthy momentsâlike buying a first home, welcoming a new baby, sending your kid off to college, and retiring. The trick to maintaining peace of mind in the time between these big moments? Getting your financial life in order. Fortunately, Facet can be your guide to lifeâs most important milestones. Their [memberships provide personalized, affordable financial advice]( for everything your money touchesâfrom family and career to investments and retirement, all for a flat-fee membership. The best part? [Facet memberships]( can offer more than your average financial advisor. Whether youâre considering putting a down payment on a house in the school district you love, setting up a savings plan for your childâs college tuition, or understanding your equity comp after landing your dream job, Facet will be alongside you for every moment. [Toast to lifeâs moments with Facet](. WORLD [Tour de headlines](#)
[Iphone 15]Justin Sullivan/Getty Images ð§ Apple will fix overheating iPhones. You early adopters arenât imagining it: Apple said its newest iPhones are getting [hot to the touch]( in their first few days out of the packaging, confirming customer complaints. Apple said the overheating resulted from the iPhone 15 working overtime to download user data and a bug in its new iOS17 software. The company said it was also working on fixing bugs with app developers, including Uber and Instagram. The NFL was the Taylor Swift Showâ¦again. The pop star was at MetLife Stadium to watch her beau Travis Kelce play for the Chiefs against the Jets, towing along an A-list entourage that included Sophie Turner, Blake Lively, and Ryan Reynolds. The NFL and its partners are trying to squeeze as much juice as possible out of footballâs most famous fan: NBC promoted the matchup using Swiftâs âWelcome to New York,â sportsbooks offered Swift-themed â[Prop Stars]( bets, and Mike Tirico did his best to restrain himself from mentioning her name after every play. In other news, the Eagles are 4â0. Late-night TV returns: With the Hollywood writers strike over, late-night television is finally [getting its hosts back](. Stephen Colbert, Seth Meyers, and Jimmies Kimmel and Fallon will return to their respective late-night desks on Monday for their first shows in nearly five months. However, the shows might not be back to normal, as striking actors can appear on the programs but canât promote their work. Their union, SAG-AFTRA, returns to the negotiating table today. ENTERTAINMENT [Sphere and globing in Las Vegas](
[U2 performing at the sphere]( Kevin Mazur/Getty Images for Live Nation The Vegas Sphereâthe Death Star if the Empireâs priority was having funâofficially opened its doors on Friday with a mind-boggling U2 performance that foreshadowed the future of live entertainment. Your parentsâ favorite band christened the arena and used the buildingâs [160,000-square-foot screen]( to incorporate stunning visuals into a two-hour performance enjoyed by 18,000+ attendees and [countless more]( on [social media](. Using technology only $2.3 billion can buy, the bandâs artificial surroundings included a desert landscape, thousands of electronic letters and numbers, and an homage to Elvis Presley. A rare win for Dolan: Sphere began as a crude sketch by [James Dolan]( billionaire sports and real estate tycoon whose Knicks and Rangers havenât won a championship in decades. After experimenting with shapes, including a muffin, Dolan eventually drew a circle with a stick figure in it, inspiring the hottest new Vegas attraction. Sphere wonât just be used as a music venue. On Friday, director Darren Aronofsky will [debut]( Postcard from Earth, an immersive film that will use the Sphereâs wraparound screens to take moviegoers on an immersive journey to all seven continents. Your move, Epcot Center golf ball. Â Â FROM THE CREW
[The Crew]( The financial podcast you need. Weâve all heard the traditional financial advice, but is it applicable anymore? For money tips and tricks that go beyond the 401(k) and IRAâand focus on optimizing for happinessâ[check out The Money with Katie Show podcast](. CALENDAR [The week ahead](#)
[Sam Bankman-Fried under arrest]Anadolu Agency/Getty Images SBF trial begins. The criminal trial that will determine whether former FTX CEO Sam Bankman-Fried committed massive fraud while building his now-collapsed $32 billion crypto empire [will begin tomorrow]( in New York. The charges, to which SBF has pled not guilty, carry a maximum sentence of 110 years in prison. Also tomorrow, author Michael Lewis will release his new book, Going Infinite, about SBF. SCOTUS back in session: The Supreme Court gets back to work today in a session that could cudgel the federal governmentâs regulatory powers. Also on the docket: a First Amendment dispute involving social media content moderation, and a case about whether Purdue Pharmaâs $6 billion settlement of opioid lawsuits can move forward after SCOTUS blocked it in August. Trumpâs business on trial. Former President Trump could be on the hook for $250 million in penalties as part of a [business fraud trial]( that begins today. The judge presiding over the trial ruled last week that Trump inflated his net worth to secure favorable loan deals and insurance rates, a major blow to his real estate empire. Everything else⦠- The Powerball jackpot has risen to more than $1 billion ahead of tonightâs drawing.
- MLB playoffs begin this week with Wild Card Series games.
- Stop trying to make Mean Girls Day happen. Itâs already happening on October 3 (thatâs Tuesday).
- Drake will let For All The Dogs out Friday. GRAB BAG [Key performance indicators](#)
[A United airline jet]Picture Alliance/Getty Images Stat: Will airlines replace free pretzels with free Ozempic? Itâs something they might consider after a report by Jefferies estimated United Airlines could [save $80 million]( a year in fuel costs if the average passengerâs weight fell by 10 pounds. Fuel is one of the top costs for airlines, and the lighter the planes, the less fuel they need to burn. Thatâs why theyâve been ditching magazines and switching to lighter utensils and beverage carts in the past few years, according to Bloomberg. Quote: âNo one is safe.â That is not a threat from a comic book movie villain; itâs Paris Deputy Mayor Emmanuel Gregoire warning the cityâs residents about its [widespread bedbug problem]( (although unleashing bedbugs on a city does sound like something a comic book villain would do). Officials have said they want to âreassure and protectâ the public after a deluge of social media videos showed bedbugs in places like movie theaters and metro stations. Gregoire said the government needs to put together an âaction plan,â and quicklyâParis is less than a year away from hosting the Olympics. Listen: The super always rings twice. ([This American Life]( NEWS [What else is brewing](#) - [American golfers]( could not dig themselves out of an early hole and lost on European soil once again at a drama-soaked Ryder Cup.
- [Beyoncé]( is in advanced talks to bring a film of her Renaissance World Tour to AMC Theaters in December, Variety reports. Taylor Swiftâs Eras Tour movie hits theaters in less than two weeks.
- [Tim Wakefield]( the knuckleballer extraordinaire for the Red Sox, died at 57.
- [A three-day strike]( by 75,000 Kaiser Permanente healthcare workers could begin Wednesday as union representatives say a new deal before then is unlikely.
- [Scientists]( are releasing a horde of crabs to save Floridaâs coral reef. Fun fact: A group of crabs is called a âcast.â RECS
[Monday to-do list image] Watch: Dive into the uncanny valley for a [Metaverse interview]( with Mark Zuckerberg. Browse: A hundred lesser-known but [useful websites](. Visit: Americaâs [50 most exciting restaurants]( right now. Get animated: The NFL aired an entire game using [Toy Story animation](. Pro status: Get [premium access]( to exclusive stock picks and analyst calls, plus CNBCâs LIVE global streams and exclusive articles. Watch, read, and learn from any device. [Subscribe now and try Pro free for 7 days]( Letâs chat: Answer [a few quick Qâs]( to help us deliver quality contentâ¦and be entered to win a $250 AmEx gift card. [Take the survey]( *A message from our sponsor. GAMES [The puzzle section](#) Turntable: A, B, C, D, and E are all in todayâs Turntable jumble. How many words can you create with them? [Find out here](. Food label trivia Todayâs trivia is dedicated to Burkey Belser, the designer of the iconic Nutrition Facts label, who died last week. Hereâs the question: There are only four vitamins and minerals that are required to be on a food label in the US. Can you name them? SHARE THE BREW [Share Morning Brew]( with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag. Weâre saying weâll give you free stuff and more friends if you share a link. One link. Your referral count: 0 [Click to Share]( Or copy & paste your referral link to others:
[morningbrew.com/daily/r/?kid=4904f90a]( ANSWER Vitamin D, calcium, iron, and potassium Word of the Day Todayâs Word of the Day is: deluge, meaning âa severe flood.â Thanks to Mia in Milwaukee for the suggestion: Submit another [Word of the Day here](. ⢠A Note From Facet Facet Wealth, Inc. (âFacetâ) is an SEC registered investment adviser headquartered in Baltimore, Maryland. This is not an offer to sell securities. This is not investment, financial, legal, or tax advice. Past performance is not a guarantee of future performance. Written by [Neal Freyman]( and Dave Lozo Was this email forwarded to you? Sign up [here](. Take The Brew to work - Marketers: [Marketing Brew](
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