| ⏰ Good Morning! Here's your historical nugget for October 10: | On this day in 1845, the United States Naval Academy in Annapolis, Maryland, was officially founded to train naval officers and strengthen America's maritime leadership. What began with just 50 midshipmen has grown into one of the most respected military institutions in the world, shaping generations of leaders in service, discipline, and innovation. | — A reminder: building institutions that endure takes foresight, dedication, and a steady hand at the helm. ⚓📘 | Table of Contents | | | | | | The AM Shift | DOT Secretary Threatens to Fire Air Traffic Controllers Who Skip Work Amid Shutdown | | Transportation Secretary Sean Duffy warned that air traffic controllers who skip work during the ongoing government shutdown could be fired, saying absences are worsening nationwide flight delays. With the FAA already thousands of controllers short, staffing-related issues now account for over half of all flight delays. | The National Air Traffic Controllers Association urged its members to stay on the job, noting that coordinated absences could lead to legal or disciplinary action. Duffy said the DOT plans to boost hiring through 2028 to stabilize the nation's strained air traffic system. | |
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| Which matters the most to you at work?💼 When it comes to your job, what do you value most — the paycheck, the time, the growth, or the balance? Cast your vote! | | | | | | 📈 U.S. Stock Market Snapshot | 📈 What's Driving the Market | U.S. equities have pushed to new highs this year, largely fueled by optimism around artificial intelligence investments. Still, analysts caution that lofty valuations—some tech names trading at 20–25× forward earnings—are creating bubble-like risks in certain sectors. Corporate earnings are expected to slow in the next quarter, with projections around 8–9% growth year over year, down from more robust gains earlier this year. Meanwhile, rising tariffs, inflation concerns, and uncertainties tied to the ongoing federal government shutdown are clouding the macroeconomic backdrop. Prominent voices are sounding alarms: JPMorgan CEO Jamie Dimon sees as much as a 30% downside correction possibility over the next 6–24 months.
| 🔍 Outlook & Risks | Many strategists expect modest gains for the rest of the year, with potential for rate cuts by the Fed becoming a key driver if inflation allows. However, the market may struggle to extend gains without broader participation beyond AI and mega-cap tech names. The biggest risks: a sharp pullback in AI hype, earnings disappointments, or a worsening macro shock tied to trade policy or fiscal instability. On the flip side, if earnings hold up and rate cuts materialize, momentum could continue to favor equities—though the path is likely to be volatile.
| 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 Overseas Shift | New York Attorney General Letitia James Indicted on Federal Charges Amid Political Firestorm | | New York Attorney General Letitia James, known for her high-profile cases against Donald Trump, was indicted by a federal grand jury in Virginia on charges of bank fraud and making false statements. Prosecutors allege she misrepresented a Virginia property as a second home to secure better mortgage terms, saving about $19,000. | James dismissed the charges as politically motivated, accusing the Trump-aligned Justice Department of weaponizing the legal system against her. The indictment has fueled debate over whether the case reflects legitimate accountability or partisan retaliation. | |
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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 can capture a moment forever, freezing time with just one click. | Scrambled: A M E R C A | Take a moment… then scroll for the answer.
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Answer: Camera 📸 |
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