| ⏰ Good Morning! Here's your daily dose of insight: | Did you know? 🐙 The mimic octopus can impersonate more than 15 different sea creatures—including lionfish, flatfish, and sea snakes. It doesn't just change color; it alters its shape and movement to fool predators and prey alike. Nature's ultimate impressionist lives underwater! | — Stay curious, stay unpredictable. | Table of Contents | | | | | | The AM Shift | San Antonio Flooding Leaves 5 Dead, 2 Missing After Vehicles Swept Away | | Severe flooding in San Antonio has claimed the lives of four people, with three others still missing after fast-moving waters swept away at least 13 vehicles. Emergency crews have conducted over 80 water rescues as heavy rain overwhelmed roads and low-lying areas across South Texas. Most of the fatalities involved people trapped in vehicles during sudden flash floods. | Local authorities are using drones and dive teams to continue searching for those unaccounted for, as concerns grow with more rain in the forecast. Officials are urging residents to avoid flooded roads and heed safety warnings, reminding everyone: "Turn around, don't drown." | |
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| | | | | 📈 U.S. Stock Market Snapshot | U.S. markets are slightly softer today after the latest CPI report and company-specific headlines. While inflation edged up in May, markets are still weighing the prospect of Fed patience ahead of the June 18 policy meeting. | 🔹Major Index Performance | S&P 500 (via SPY): Near session lows, down roughly 0.8% from intraday highs around 600. Dow Jones (via DIA): Modestly lower, off about 0.8%, as industrial and aerospace names lag. Nasdaq (via QQQ): Sliding around 0.8%, pressured by soft tech sentiment.
| 💡 May Inflation Snapshot | CPI rose 0.1% month-over-month and 2.4% year-over-year—slightly above April's 2.3% but still in line with expectations. Core inflation (excluding food and energy) climbed 2.8% y/y—a bit hotter, which may temper aggressive rate-cut hopes.
| 🚀 Notable Movers | Tesla (TSLA): Shares are down ~2.2%, trading in the low $320s after recent declines tied to EV credit uncertainties. Oracle (ORCL): Surging ~13–14% to record highs near $200 on blockbuster cloud earnings—strongest daily gain in 3+ years. Boeing (BA): Dropping ~4.8–7% following the Air India 787-8 crash; safety concerns are mounting.
| 🌍 Market Drivers to Watch | Inflation & Fed outlook: With core inflation sticky, markets see rates staying put at 4.25–4.50% on June 18, though a ~60% chance remains for a September cut. Corporate earnings: Tech beat (Oracle), while aerospace stumbles (Boeing); broader earnings next week could shift sentiment. Macro factors: Persistent tariff-driven inflation risk, global geopolitical tensions, and cooling Treasury yields (~4.35% on 10‑yr) continue to shape market tone . The information provided in this summary is sourced from CNBC and is for informational purposes only. It is not intended as financial advice or a recommendation to buy or sell any securities. Please conduct your own research or consult with a financial advisor before making any investment decisions.
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| | | | | The World Shift | Israel Intensifies Strikes on Iran-Linked Targets in Syria and Lebanon | | Israel has launched a series of airstrikes targeting Iran-linked sites in Syria and Lebanon, escalating regional tensions. The strikes hit weapons facilities and infrastructure used by Hezbollah and other Iranian-backed groups, according to the Israeli military. Syrian state media confirmed attacks near Damascus and in southern Syria, while additional strikes were reported in southern Lebanon, a known Hezbollah stronghold. | The escalation comes amid growing concerns over Iran's expanding influence and Hezbollah's repeated attacks on northern Israel. Israeli officials say the strikes are part of broader efforts to deter future threats and disrupt weapons transfers to militant groups. The situation has drawn international attention as fears rise over a potential wider conflict in the region. | |
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| | Did you like this Newsletter?We work to make this an enjoying read for you. Please let us know what we can do better. | | | | | | The AM Challange | 🧠 Time for the 5-Minute Riddle Challenge! 🧩⏳ | Here's a tougher one to really stretch your thinking. Set your timer for five minutes—no Googling, just logic and imagination. | Riddle:
I speak in riddles, yet hold no voice.
I tell the truth, but have no choice.
I wait in silence, cold and still,
Until you seek me—I bend to your will.
What am I? | Think hard… then scroll down when you're ready. | 🔽
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🔽 | Answer: A book. 📖 | Did your thoughts turn the page or did this one leave you unread? Either way, you just gave your mind a challenge worth bookmarking! |
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| The AM Shift is here to give you the news you need, the sports you love, the market updates you can't miss, and the fun challenges to start your day off right! | Help Us Share The AM Shift | Enjoyed today's newsletter? Share it with a friend or colleague who'd love to start their day with The AM Shift too! 📲 | |
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