| ⏰ Good Morning! Here's your historical nugget for October 2: | On this day in 1967, Thurgood Marshall was sworn in as the first African American Justice of the U.S. Supreme Court. A trailblazing civil rights lawyer, Marshall had already left his mark by successfully arguing Brown v. Board of Education, the landmark case that ended legal segregation in public schools. His appointment to the Court was a defining step toward greater representation and justice in American history. | — Proof that breaking barriers shapes a better future. | Table of Contents | | | | | | The AM Shift | Two Delta Jets Collide While Taxiing at LaGuardia; One Flight Attendant Injured | | Two Delta regional jets collided while taxiing at LaGuardia Airport on Wednesday night, injuring a flight attendant and damaging both planes. Flight 5047 from Charlotte was struck by Flight 5155 bound for Roanoke when the departing jet's wing clipped the arriving aircraft's nose. | Passengers were evacuated safely, with Delta providing accommodations and rebooking. The Port Authority said operations were unaffected, and the airline pledged full cooperation with investigators. | |
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| Do you think government shutdowns should be eliminated by law?Do you think government shutdowns should be eliminated by law, or are they an important part of the political process? | | | | | | 📈 U.S. Stock Market Snapshot | 📊 October's Market Pulse: Cautious Optimism Under Shadow of Shutdown | U.S. stocks have shown surprising resilience in the face of rising political uncertainty, with indexes pushing fresh highs even as the federal government enters a shutdown. The S&P 500 recently notched its 29th record close of the year, aided by strength in pharmaceutical names after the White House unveiled a direct-to-consumer drug program. | But the strength comes with a caveat: the shutdown has forced key regulators to furlough staff, which delays IPO approvals, halts certain data releases, and increases market volatility. Meanwhile, private payrolls unexpectedly dropped by 32,000 in September, intensifying bets on a possible Fed rate cut. | Valuation metrics are flashing yellow. The Buffett Indicator (total market value / GDP) recently breached 200% — a level only seen during speculative peaks — fueling concerns that equity prices may be running well ahead of fundamentals. And with many economic data points suspended until the shutdown ends, investors face a blackout on the "hard numbers" that usually guide policy and portfolio decisions. | Technically, the S&P 500 appears overextended, and analysts suggest a modest pullback may be healthy in the near term (perhaps toward 6,500) before the next phase of upside resumes. | Bottom line:
Markets are flexing strength, but many of the guardrails are offline. With few data signals, stretched valuations, and the specter of regulatory uncertainty, the path forward may depend more on sentiment and headline risk than underlying earnings. | 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 Political Shift | Trump Budget Chief Warns of Federal Worker Firings as Shutdown Drags On | | White House budget director Russell Vought warned that federal worker firings could begin "within a day or two" if the government shutdown continues, breaking with past practice where employees were only furloughed. The administration has also frozen $18 billion in infrastructure funds, including projects in New York, as part of a broader effort to cut government spending and apply political pressure. | Labor unions have pushed back, filing lawsuits that argue the move is unlawful under federal shutdown rules. With Congress still deadlocked and no talks scheduled, thousands of federal employees face growing uncertainty about their jobs and pay. | |
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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 | 🧩 5-Minute Brain Challenge ⏳
Unscramble the letters. Hint: I support mountains, cities, and oceans alike—yet I never move. | Scrambled: D R N O U G | Take a moment… then scroll for the answer.
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Answer: Ground 🌍 |
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