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Thursday, January 30, 2025

Good Morning! On this day in 1965, Sir Winston Churchill was laid to rest at St. Martin's Church. The funeral was attended by representatives from 120 countries, including 6,000 people, and witnessed by over 350 million viewers. It was the largest state funeral in British history.

Our readers helped shape today's edition by sharing their childhood memories of activities that wouldn't quite pass today's parenting standards. Instead of our usual Throwback Thursday section, we're featuring stories from our readers. We've selected four to share, but rest assured—we've read and appreciated every single submission.

We also want to say thanks to all the readers who contributed to our tip jar on Tuesday—it helps The Flyover keep producing free, unbiased news. If you missed it, there's another opportunity to contribute below. We appreciate it!

If you're looking for your next investment opportunity, be sure to check out today's sponsor, Pacaso.

Airliner, Helicopter Collide over D.C.

An American Airlines jet carrying at least 60 passengers collided with an army helicopter last night near Reagan National Airport and crashed into the Potomac River, shutting down all flights at the Washington D.C. airport as rescue crews launched a massive emergency search for victims.

You can see the observation camera video of the collision explosion here.

Early reports indicated that American Eagle regional flight 5342, operated by PSA Airlines, was inbound from Wichita, Kansas when it collided with a military Blackhawk helicopter on approach to the airport around 9 p.m. ET. Here are live updates.

Emergency responders from multiple agencies rushed to the scene as the scope of the disaster became clear. Inflatable fireboats were deployed in the Potomac, which was flooded with lights to help locate bodies.

Details about the cause of the collision were sparse in the first hours. The Federal Aviation Administration stated that it and the National Transportation Safety Board (NTSB) will investigate the crash, with the NTSB leading the inquiry.

Guantanamo Bay Readied for Deported Migrants

The White House announced Wednesday that Guantanamo Bay will be converted into a 30,000-person migrant facility to house deported migrants under a new executive order.

The U.S. naval base in Cuba is mainly known for detaining suspects from the Sept. 11, 2001, attacks, but it also has a facility for migrants. The Migrant Operations Center holds individuals detained at sea, primarily from Haiti and Cuba.

President Trump told reporters he plans to instruct the Departments of Defense and Homeland Security to begin preparations for the facility to house the "worst criminal illegal aliens threatening the American people."

According to the Pentagon, 15 prisoners are still held at Guantanamo Bay.

Students Lag in Reading, Math

Student achievement in reading and math among America's fourth and eighth graders is still below pre-pandemic performance levels, according to a new assessment of the nation's schools.

According to the National Assessment of Educational Progress, which tests fourth- and eighth-grade students in math and reading every two years, the nation's young people scored, on average, five points lower in reading than those who were tested before the COVID-19 pandemic in 2019.

Both grades also scored lower in math, with fourth graders averaging 3 points and eighth graders 8 points below pre-pandemic levels.

Officials acknowledge the pandemic's impact but note that students are reading less for enjoyment and missing more school, explaining a drop in academic scores.

➤ The Office of Management and Budget reversed its call to freeze federal grants and loans Wednesday after GOP lawmakers expressed concerns over the new policy. (More)

➤ Former Democratic Sen. Bob Menendez was sentenced to 11 years in prison Wednesday after being convicted of bribery and corruption charges, including accepting gold, cash, and a car for aiding foreign governments. (More)

➤ The Laken Riley Act, named after a Georgia nursing student murdered last year, was signed into law Wednesday, mandating the detention of illegal aliens arrested for certain crimes, including burglary and theft. (More)

Flying together with our sponsor

International expansion powers "unlisted" stock price change

Co-ownership is a trend growing 21% annually in America – but it is international growth that is driving Pacaso's share price to change on February 27.

As the leader in the $1.3T vacation home market, Pacaso's international success highlights its scalable model.

Their first Paris property sold out so fast that they doubled down and immediately purchased another. In Cabo, they've added seven homes. This expansion is truly just beginning. That's why they formed a new partnership with a private UK lender to foster additional growth.

With $100M+ in gross profits already and proven scalability, it's no wonder SoftBank has already invested. Join them for just $2.70/share before February 27.

➤ Paul Skenes, Elly De La Cruz, and Gunnar Henderson will all be featured on the cover art for MLB's flagship simulation baseball game, MLB The Show 25. (More)

➤ Washington Commanders offensive coordinator Kliff Kingsbury has announced that he will remain with the team next season despite teams asking to interview him for multiple coaching positions. (More)

➤ Portland Trail Blazers forward Toumani Camara slammed down this dunk over two-time NBA MVP Giannis Antetokounmpo on Tuesday night, powering the Blazers to a 125-112 win over the Milwaukee Bucks. (See Dunk)

➤ Yesterday's results: NBA | NHL | NCAAM | NCAAW | Soccer

Today's White House section is brought to you by:

➤ Robert F. Kennedy Jr. faced vocal protesters during questioning from senators at his first confirmation hearing to become health secretary. He'll have a second hearing today. (More)

➤ The Department of Justice on Wednesday dropped its effort to prosecute two men accused of helping former co-defendant President Trump hide classified documents at his Mar-a-Lago residence. (More)

➤ British Ambassador Peter Mandelson retracted his 2019 remarks on Wednesday, admitting it was "ill-judged and wrong" to call President Trump a "danger to the world." (More)

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Daily Market Report 01/29/2025

▼	NASDAQ National Association of Securities Dealers Automated Quotations	19,632.32	-0.51%
▼	SPX S&P 500	6,039.31	-0.47%
▼	DJI Dow Jones Industrial Average	44,713.52	-0.31%
▲	BTC Bitcoin	$103,750.85	2.39%
▲	GOLD Per Ounce	$2,772.70	0.21%
▲	NXT Nextracker Inc.	$49.24	+24.28%

Gold and Bitcoin are traded 24 hours a day.

➤ Big Stock Move: Nextracker stock rose 24% Wednesday after the solar company reported strong third-quarter earnings and raised its 2025 profit outlook. (More)

➤ The Federal Reserve left interest rates unchanged at its meeting Wednesday, leading to a slide in the S&P 500 index. The Dow Jones and Nasdaq indexes slipped as well. (More)

➤ Trump Media & Technology Group announced Wednesday that it plans to launch a finance company called "Truth.Fi" to sell financial products to the public. (See Details)

➤ Meta beat fourth-quarter targets for overall sales and net revenue, reporting that sales jumped 21% over the same period last year. (More)

Flying together with our sponsor

Huge Markets = Huge Profit Potential

The wealthiest companies tend to target the biggest markets. For example, NVIDIA skyrocketed nearly 200% higher in the last year with the $214B AI market's tailwind. That's why investors are so excited about Pacaso.

Created by the team that grew Zillow to a $16B valuation, Pacaso's digital marketplace offers easy purchase, ownership, and enjoyment of luxury vacation homes. Their target market is worth a whopping $1.3T, so it's no wonder Pacaso has earned over $100M in gross profits.

Now they're turning their focus to international markets, riding sold-out sales in Paris, London, and Cabo to new heights. You can join them – but with their expansion underway, the current share price won't last long. Join them for just $2.70/share by 2/27.

This is a paid advertisement for Pacaso's Regulation A offering. Please read the offering circular at invest.pacaso.com. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.

➤ An engineer spent 120 days in a capsule submerged in the Caribbean, setting a world record for living underwater in an attempt to show that oceans are feasible habitats for future human expansion. (See Photo)

➤ President Trump confirmed that he asked SpaceX founder Elon Musk to bring stranded astronauts Barry "Butch" Wilmore and Sunita Williams home, posting on social media, "Elon will soon be on his way." (See Post)

➤ Amateur treasure hunters in the Netherlands have discovered hundreds of 2,000-year-old Roman gold and silver coins, believed to be the first such find on the European mainland. (See Coins)

This week's special edition of Throwback Thursday features memories of dangerous childhood activities from you, our readers—thank you for sharing!

➤ "We used to play with the big lawn darts that could kill you if they came down on your head, and the glass ball clackers! Living on the edge in the 60s!" (From Kerry S.)

➤ "I spent my early years in Canada. We would hitch rides by grabbing the backs of milk trucks, traveling down icy streets, and sliding along for as long as we could on our feet." (From Ken S.)

➤ "I lit firecrackers, cherry bombs, bulldogs, and ladyfingers with my friends. It was fun, and no one blew off a finger! I also had two six-shooters (cap pistols) and the requisite holster to wear them. And an army rifle." (From Cathy)

➤ "I couldn't come up with anything worth sharing that would be frowned upon today that was done in the 60s—but what I did come up with was about 100 things that are done today that would have been frowned upon back then!" (From Jason D.)

➤ First Lady Melania Trump released her official portrait, offering a different, more executive look than previous first lady photographs. (See Photo)

➤ A giant fish bit a mermaid performer's head in front of an audience of horrified children, but the performer escaped with minor injuries. (See Video)

➤ An Air Force F-35 fighter jet was captured on video crashing in a fiery explosion at an Alaska air base. The pilot ejected safely. (See Video)

➤ If The Flyover makes your morning better, would you consider supporting us directly? Advertising helps us pay the bills, but we also depend on contributions from our loyal readers. I appreciate every gift—even if it's small!
-Cole, CEO

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