THURSDAY, SEPTEMBER 19, 2024

Good Morning! On this day in 1827, Jim Bowie killed a banker on a sandbar near the eastern shore of the Mississippi River with an early version of his famous Bowie knife.

This afternoon, you'll get an extra note from one of our favorite sponsors, LMNT. Without great partners like LMNT, we wouldn't be able to deliver the news each morning. We're proud to work with them!

Today, we're sponsored by EnergyX, which is offering an opportunity to invest in this ground-breaking lithium extraction company.

Fed Cuts Interest Rates by .5%

The Federal Reserve cut interest rate by a half-percentage point on Wednesday, signaling more cuts to come as it winds down efforts to combat inflation.

The rates were lowered to a range between 4.75%-5%, cutting short-term borrowing costs for banks and affecting various consumer products such as mortgages, auto loans, and credit cards.

This is the first rate cut in more than four years, following 11 hikes since March 2022.

The major stock market indexes closed slightly down after the news, despite the Dow being up as much as 375 points earlier in the day.

Hezbollah Devices Explode Again in Lebanon

Handheld radios used by Hezbollah exploded across southern Lebanon for a second day on Wednesday, killing and injuring many in the deadliest day of cross-border conflict with Israel in nearly a year.

The blasts, including some near funerals for Tuesday's victims, followed a similar attack on Hezbollah pagers the previous day that also resulted in numerous casualties. See photos and videos here.

While Israeli officials have not commented, security sources attribute the operation to Israel's Mossad spy agency.

The attacks have reportedly thrown Hezbollah into disarray and heightened fears of a wider regional conflict, with the group vowing retaliation against Israel.

Tupperware Files for Chapter 11

Iconic houseware brand Tupperware filed for Chapter 11 bankruptcy protection Tuesday, seeking court approval to continue operating and facilitate a sale.

In a statement, Tupperware CEO Miguel Fernandez stated that the company explored numerous strategic options to save the brand but challenging economic conditions made it extremely difficult.

Tupperware became popular by selling through Tupperware parties, a direct-to-consumer marketing model, achieving the same level of brand recognition as Kleenex and Teflon. However, in recent decades, Tupperware has experienced declining sales, increased competition, and market limitations.

The 78-year-old company experienced a brief resurgence during COVID-19 with people confined to their homes, but that sales surge quickly dwindled.

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➤ House Speaker Mike Johnson's second effort at passing a government funding bill was defeated on Wednesday, as 14 Republicans joined virtually every Democrat in voting against the spending measure. (See Details)

➤ The U.S. deployed about 130 soldiers and mobile rocket launchers to an Aleutian island in Alaska in response to increased Russian and Chinese activity in the area, Pentagon officials announced on Tuesday. (More)

➤ U.S. intelligence agencies announced Wednesday that Iranian hackers sent stolen Trump campaign information to Biden campaign and media outlets, aiming to undermine electoral confidence. (See Details)

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Last Chance to Ride the Lithium Wave

An ocean of white gold is out there for the taking – and we’re not talking about surfing. One of the most critical and short-supplied commodities in our economy is lithium, the key component in batteries for phones and EVs. Thankfully, one company’s been honing their extraction technique for nearly a decade, and they’re accepting investors for a limited time.

Meet EnergyX. Their patented tech extracts lithium 300% more efficiently than conventional methods. Plus, where modern methods take 12+ months, they need just two days. That earned a $5M DOE grant toward a recently announced US lithium plant and the rights to 100,000+ acres of lithium-rich Chilean land.

Now, they’re riding the lithium wave to the top of the $546B energy storage market. But you don’t have time to wait to invest, though. Join EnergyX as an early investor before their raise closes on October 3.

➤ Houston Astros infielder Jose Altuve was ejected in a bizarre incident Tuesday night against the San Diego Padres when he showed his bare foot to argue a call and was promptly ejected. (Watch Ejection)

➤ ESPN senior NBA insider Adrian Wojnarowski has retired from reporting to become the general manager of the basketball program at his alma mater, St. Bonaventure. (More)

➤ The WNBA announced Tuesday it will add a team in Portland, Oregon, for the 2026 season, expanding the league to 15 teams. (More)

➤ Yesterday's Results: MLB | MLS

Today's election section is brought to you by:

Election Countdown: 46 Days

Former President Trump returned to campaigning in Michigan on Tuesday following a second assassination attempt, acknowledging the dangers of the presidency and revealing that Vice President Kamala Harris called to check on his well-being. (More)

The FBI and the U.S. Postal Inspection Service are investigating suspicious packages containing an unidentified substance sent to election officials in more than 15 states. (More)

The Teamsters will not endorse a presidential candidate for the first time since 1996, citing a lack of commitments from former President Trump and Vice President Harris to prioritize workers over corporations. (More)

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Daily Market Report 09/18/2024

▼	NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations	17,573.30	-0.31%
▼	SPX S&P 500	5,618.26	-0.29%
▼	DJI Dow Jones Industrial Average	41,503.10	-0.25%
▼	BTC Bitcoin	$59,849.17	-0.76%
▲	GOLD Per Ounce	$2,583.40	0.74%
▲	LUNR Intuitive Machines, Inc.	$7.47	+38.33%

➤ Big Stock Move: Intuitive Machines' stock jumped 38% after NASA awarded it a $4.82 billion contract to build moon data satellites. (See Details)

➤ Starbucks' North America CEO, Michael Conway, resigned after six months. Sara Trilling will oversee regional operations as the company streamlines leadership. (See Details)

➤ Alaska Airlines completed its acquisition of Hawaiian Airlines, maintaining both brands. The merger expands to 141 destinations and makes Honolulu Alaska's second-largest hub. (More)

➤ Amazon employees protested their new five-day return-to-office policy, with some planning to quit. Concerns include work-life balance amid speculation it's a covert layoff strategy. (See Details)

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GM Bets Big on This “Unlisted” Stock

For General Motors to succeed in meeting its EV transition target by 2035, it’ll need up to 414,469 tons of lithium per year. That’s why the automaking behemoth led a $50M investment round for lithium extraction startup EnergyX.

Their patented tech extracts lithium 300% more efficiently than conventional methods. Plus, where modern methods take 12+ months, EnergyX needs just two days. That’s why EnergyX has been entrusted with the rights to 100,000+ acres of lithium-rich Chilean land and a $5M DOE grant toward a recently announced US lithium plant.

It’s not just cars that need batteries, either. The entire $546B energy storage market will depend on securing reliable sources of lithium. EnergyX’s plan to produce 65,000 tons per year will help them lead the charge. However, EnergyX is only accepting shareholders until October 3.

This is a paid advertisement for EnergyX's Regulation A+ Offering. Please read the offering circular at invest.energyx.com/.

➤ Tuesday's combination of a Harvest Moon, supermoon, and partial lunar eclipse was visible to over half of the world's population, producing stunning images of the rare phenomenon. (See Photos)

➤ An analysis of Vincent van Gogh's masterpiece The Starry Night revealed brushstrokes consistent with atmospheric turbulence, typically requiring instruments to map its invisible movements. (See Images)

➤ A Dutch farmer has created a lightweight, solar-powered electric tractor named the E-Horse, capable of working up to eight hours on hoeing, harrowing, and seeding. (See Photo)

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➤ In 1918, this "miracle medicine" was in every household in America. But then it just... disappeared. To this day, it's not being taught in medical schools--or prescribed in major U.S. cancer centers. However, the results of lab studies are impressive. See it here before corporate interests make it "disappear" again.

➤ Favorable ratings for Kamala Harris (44%) and Donald Trump (46%) remain under 50%. Independents view Trump more favorably. (See Details)

➤ A new poll shows 54% of Americans support mass deportation of undocumented immigrants. Immigration ranks as the second most important election issue, with Trump favored over Harris in handling it. (See Details)

➤ Awareness of the term "Latinx" among U.S. Hispanics doubled to 47% since 2019, but only 4% use it. 75% of those familiar with the term say it shouldn't be used to describe Hispanics/Latinos. (See Poll)

➤ Delta passengers suffered bloody noses and ears due to cabin pressure issues on a Salt Lake City to Portland flight. The plane returned to Salt Lake City, where ten people received medical attention. (See Details)

➤ New York City Mayor Eric Adams announced a National Urban Rat Summit to share strategies with other cities after claiming to have reduced rat sightings. (More)

➤ An 11-year-old boy grabbed a print from a local dump in England, and 13 years later, experts identified it as a valuable 500-year-old Dürer engraving, now headed for auction. (More)

Best late-night snack option?

Yesterday's Results:

Which would you prefer?

Personal Chef: 74.8%
Personal Driver: 25.2%

Daily Quote

“I opened the package, removed the bubble wrap, and staggered back in awe. My hands were shaking as I held it up to the light."

— Jim Spencer, director of Rare Book Auctions, on examining a 500-year-old Albrecht Dürer engraving found at a dump by a boy.

Today's Trivia

What color predominates in a Martian sunset?

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Fed Cuts Rates, Harvest Moon Photos, and a Rat Summit

THURSDAY, SEPTEMBER 19, 2024

Fed Cuts Interest Rates by .5%

Hezbollah Devices Explode Again in Lebanon

Tupperware Files for Chapter 11

Daily Market Report 09/18/2024

Daily Quote

Today's Trivia

Older messages

Pager Explosions, Flying Hoverboard, and a Shark-Croc Competition

Welcome to The Flyover

Welcome to The Flyover

Trump Assailant Charged, 8-Year-Old Takes the Wheel, and a Viral Baby Hippo

Welcome to The Flyover

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