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   Daily Brew // Morning Brew // Update
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     The Fed finally cut rates...
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             September 18, 2025
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             <a class="header-link" rel="noopener" style="color:#000;text-decoration:none" target="_blank">
              View Online
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              Sign Up
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              Shop
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              Presented By
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               Fire up the grill.
              </strong>
              It’s
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               National Cheeseburger Day
              </a>
              . Whether you prefer smash or regular, today, let us not be divided down patty lines, but united in beefhood.
             </p>
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              <em>
               —Sam Klebanov, Matty Merritt, Abby Rubenstein
              </em>
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              <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
               MARKETS
              </h3>
             </td>
            </tr>
           </table>
           <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse" width="100%">
            <tr>
             <td class="pad5m">
             </td>
            </tr>
            <!-- Nasdaq -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
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                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTgxODkxMzcuMjYyODMwN30:1uzBJJ:uR_xcfmxYcL1EMDuhcBvXdLNVKvnYCtTEEieXo4rJwo" style="width:22%" width="20"/>
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                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Nasdaq
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  22,261.33
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
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                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -0.33%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Nasdaq -->
            <!-- S&P -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
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               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTgxODkxMzcuMjYyOTc3fQ:1uzBJJ:5Jf08aF3IVDxIFrbauQvUGBcsNkpuQvur7oHA0hOJnY" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  S&amp;P
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  6,600.35
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -0.10%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END S&P -->
            <!-- Dow -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTgxODkxMzcuMjYzMTA0Mn0:1uzBJJ:EWlkCpAu7cPDhYU0mAyG7xjBqoLxODhYJEgMxEajmmk" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Dow
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  46,018.32
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +0.57%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Dow -->
            <!-- 10-Year -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTgxODkxMzcuMjYzMTk4MX0:1uzBJJ:WWOmq0j0ZIwG4_rUewSxa4txd-nITLfaR6Dh8_XXmww" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  10-Year
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  4.076%
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +5.0 bps
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END 10-Year -->
            <!-- Bitcoin -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTgxODkxMzcuMjYzMjg3fQ:1uzBJJ:Mo4z9ZD2Dp3tOkbXFTokcwjv5g3Ld4GyZ9lpd-xbhVU" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Bitcoin
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  $116,052.03
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -0.57%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Bitcoin -->
            <!-- Lyft -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTgxODkxMzcuMjYzMzg0fQ:1uzBJJ:gwtLz5in4svmqY3IhBh5NTIwAoEW_99seetI-xwxno4" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Lyft
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  $22.84
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +13.13%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Lyft -->
            <!-- START REGULAR TEXT -->
            <tr>
             <td style="padding:3px 15px 10px">
              <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse;font-size:13px">
               <tr>
                <td style="padding-right:4px">
                 Data is provided by
                </td>
                <td style="margin:0;padding-right:5px">
                 <a style="display:block" target="_blank">
                  <img height="16px" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F61a0dac0b53d6766459afdca784ae8fe604f17ed-720x102.png%253Fh%253D32%2526q%253D100%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTgxODkxMzcuMjYzNDgzfQ:1uzBJJ:QhQ98BiPVohDcJIBVoBIFClILkLF4HmHAdII41qx6G4" style="vertical-align:middle;height:16px;display:inline"/>
                 </a>
                </td>
               </tr>
              </table>
              <p style="text-align:left;margin:0;padding:0;font-size:13px;line-height:22px">
               *Stock data as of market close, cryptocurrency data as of 6:00pm ET.
               <a class="link-sm" rel="noopener" style="color:#333;border-bottom:1px solid #1c7ff2;text-decoration:none" target="_blank">
                Here's what these numbers mean.
               </a>
              </p>
             </td>
            </tr>
            <!-- END REGULAR TEXT -->
            <tr>
             <td style="mso-padding-alt:0px 15px 15px 15px;padding:0 15px">
              <ul style="margin-top:0;padding-left:30px">
               <li style="margin-bottom:10px;line-height:22px">
                <span>
                 <strong style="color:#000">
                  Markets:
                 </strong>
                </span>
                <span>
                 Unlike fans of the
                </span>
                <span>
                 <em>
                  Game of Thrones
                 </em>
                </span>
                <span>
                 books, Wall Street finally got what it had been waiting so long for: A quarter-point interest rate cut from the Fed and indications that two more are likely this year (more on that below). Stocks had a
                </span>
                <span>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  mixed reaction
                 </a>
                </span>
                <span>
                 , with the Dow rising while the S&amp;P 500 and the Nasdaq fell after Jerome Powell called it a “risk management cut” because of the slowing labor market.
                </span>
               </li>
               <li style="margin-bottom:10px;line-height:22px">
                <span>
                 <strong style="color:#000">
                  Stock spotlight:
                 </strong>
                </span>
                <span>
                 Lyft won’t have to sing any sad country songs after announcing a partnership with Alphabet’s Waymo to include robotaxis in its ride-hailing service in Nashville next year.
                </span>
               </li>
              </ul>
              <div style="display:none">
              </div>
             </td>
            </tr>
            <tr>
             <td style="mso-padding-alt:0px 20px 15px 20px;padding:0 20px">
              <div style="background-color:#e8e8e8;margin-top:0;margin-bottom:15px;padding:15px;line-height:22px">
               <p style="margin-top:0;margin-bottom:0;line-height:22px">
                <strong style="color:#1c7ff2;font-size:16px">
                 Markets Sponsored by Pacaso
                </strong>
               </p>
               <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                <strong style="color:#000">
                 This stock is unavailable after tonight:
                </strong>
                After midnight PT, the window to invest in Pacaso closes.
                <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                 Don’t miss your chance to join the pre-IPO backers of eBay and Uber
                </a>
                .
               </p>
              </div>
             </td>
            </tr>
           </table>
          </th>
         </tr>
        </table>
        <!--[if !mso ]><! -- -->
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      <!-- END MARKETS -->
      <!-- STORY ARTICLE -->
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            ECONOMY
           </h3>
          </div>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Fed cuts rates and hints at more to come
                </a>
               </h1>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Jerome Powell" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-09-17%252Fimage-6152a7c124667f0224cb80d3a0b2508ff3567864-8660x5774-jpg%252FGettyImages-2235423409.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NTgxODkxMzcuMjYzNjQ5Mn0:1uzBJJ:Mk5DDJsyAzL64bkvrFPtcWjUYYYD4GAmcoEiZk5jl0Q" style="width:100%;max-width:670px;display:block" width="670"/>
              </a>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                  Anadolu/Getty Images
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px 15px 0">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Yesterday was the NYE ball drop for monetary policy heads: The Fed slashed interest rates by a quarter of a percentage point in its first rate cut since last year.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Most wonks expected a rate reduction after recent government data showed the economy added only 22,000 jobs last month, indicating that it’s likely in need of a jump-start. But everyone’s eyes and ears were trained on Jerome Powell’s speech and the Fed’s projections of its plans, which suggested that central bankers expect two
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  more rate
                 </a>
                 cuts before the end of the year.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  The big reprioritization:
                 </strong>
                 The central bank signaled that it has shifted its focus toward being more concerned with an anemic job market than inflation, even as it remains above the Fed’s 2% annual target.
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 Who’s celebrating?
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The rate slashing will translate to lower borrowing costs for small businesses and credit card users. Expectations of future rate cuts could also push down mortgage rates, which have already been falling in recent weeks.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Wall Street rejoiced at the prospect of cheaper money: The Dow rose almost 0.6% yesterday, and while the S&amp;P 500 dipped slightly, most stocks within the index were up.
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 The Fed has more on its mind than rates
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The meeting of Fed leaders where they voted for the interest rate move was probably more awkward than Thanksgiving dinner amid a divorce, as the White House applies unprecedented pressure on the independent central bank:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   It came two days after a federal appeals court ruled that President Trump couldn’t unseat Fed Governor Lisa Cook before the meeting as courts weigh her challenge to her firing.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   And it marked the first day on the job for White House Chief Economist Stephen Miran, a Trump-appointed interim Fed governor whom the Senate confirmed on Monday. He cast the only vote against the .25% rate reduction, favoring a .5% cut instead.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 But that still probably wouldn’t have been enough for Trump, who previously said the current interest rate is “at least” 3% too high.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Looking ahead...
                 </strong>
                 though Fed leaders were mostly united in yesterday’s decision, the “dot plot” of their individual predictions for future rates showed there’s less consensus about future cuts.
                 <em>
                  —SK
                 </em>
                </p>
               </td>
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           <h3 style="color:#1c7ff2;text-transform:uppercase;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            Presented By Pacaso
           </h3>
          </div>
          <div class="title-container" style="padding:0 15px">
           <h1 style="color:#333;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
            <a style="text-decoration:none;color:#000!important;border-bottom:none!important" target="blank">
             <strong style="color:#000">
              Learn from this investor’s $100m mistake
             </strong>
            </a>
           </h1>
          </div>
          <a style="border:none;text-decoration:none" target="_blank">
           <img alt="Pacaso" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fd90af58663f15090ba9d6a4c4dbed707fd076b1c-1200x800.png%253Fw%253D1336%2526q%253D90%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTgxODkxMzcuMjY0MDQ4fQ:1uzBJJ:I6LXxbAxUy10_AY4Q8tDlWfRJrVZ2OFn-vVrE9XnH2M" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
          </a>
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            <td class="sponsored-body content-container story-content" style="padding:15px">
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              A Grammy-winning artist passed on investing $200k in an emerging real estate disruptor. It’d be worth $100m+ today.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Now, the investors behind Venmo and Uber are backing another real estate disruptor.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               And this time, you can invest…but only until midnight
              </a>
              .
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Meet
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Pacaso
              </a>
              . Created by a former Zillow exec who sold his first venture for $120m, Pacaso brings co-ownership to the $1.3t vacation-home industry.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              They’ve generated $1b+ worth of luxury home transactions + fees across 2k+ owners. That’s good for more than $110m in gross profits in under five years. They’ve even reserved their Nasdaq ticker, PCSO.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              And you can join them right now. Just don’t waste time.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Invest in Pacaso before the opportunity ends at midnight tonight
              </a>
              .
             </p>
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            WORLD
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                 Tour de headlines
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              <img alt="comedian Jimmy Kimmel presenting at Disney upfront" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-09-17%252Fimage-75ce66a56f5a0b4a7d536e7af1aa78a0968d55f1-3000x2000-jpg%252F177378_JEP_8660.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NTgxODkxMzcuMjY0MTgwN30:1uzBJJ:ghl3626uYrmQBM5spWlq3on3HViewpKRgwD0SAAr_L0" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
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                 <em>
                  Disney
                 </em>
                </small>
               </span>
              </p>
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                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Ftelevision_1f4fa.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTgxODkxMzcuMjY0Mjc3N30:1uzBJJ:Qu5OvBoP9o0CQL8hk1UYBBygAeZ61nrrpp9zw5naOB4" style="max-width:18px" width="18"/>
                  ABC takes Jimmy Kimmel off the air over Charlie Kirk comments.
                 </strong>
                 The network
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  said
                 </a>
                 that
                 <em>
                  Jimmy Kimmel Live
                 </em>
                 would be “pre-empted indefinitely” following backlash over comments the host made on the show that the “MAGA gang” was trying to characterize Kirk’s alleged murderer as “anything other than one of them and doing everything they can to score political points from it.” ABC’s decision came after Federal Communications Commission Chair Brendan Carr threatened to take action against ABC affiliate stations and after station owner Nexstar—which owns 28 ABC affiliates—said it objected to the statements and would show different programming.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fdesktop-computer_1f5a5.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTgxODkxMzcuMjY0NDM2NX0:1uzBJJ:8da6RkHB0SnDK-dvbaZAOqtH6sYn30Hs_r_CtYjLz3E" style="max-width:18px" width="18"/>
                  Things just got worse for Nvidia in China.
                 </strong>
                 The world’s most valuable company keeps finding itself caught in the geopolitical tussle between the US and China, with multiple news outlets reporting yesterday that Beijing’s cybersecurity regulator
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  told
                 </a>
                 major Chinese tech companies not to buy Nvidia’s RTX Pro 6000D chip. The less powerful chip was designed specifically for China to address US security concerns over the sale of its more powerful models there. Nvidia CEO Jensen Huang said he was “disappointed” but that the company could only service a market “if a country wants us.” This comes after Chinese antitrust regulators said this week amid trade talks with the US that Nvidia had violated its anti-monopoly rules. And Nvidia has also had to contend with US export bans on chips that limit its sales to China.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fchart-with-downwards-trend_1f4c9.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTgxODkxMzcuMjY0NTQ4fQ:1uzBJJ:QJXrKt4-AqTM-F1UVje7RKolm5rTXwzyQtfHVcZKR20" style="max-width:18px" width="18"/>
                  StubHub slumped in its trading debut.
                 </strong>
                 The ticket reseller finally had its twice-delayed IPO yesterday, pricing its stock at $23.50 and raising $800 million for the company. It began public
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  trading
                 </a>
                 on the New York Stock Exchange at $25.35, and initially popped, but then proved not to be the hottest ticket in town, dropping 6% to around $22. The company trading below its IPO price comes as a check on investor enthusiasm after a streak of hot market debuts from Klarna, Gemini, Figma, and Circle, which followed a long period with very few IPOs amid economic uncertainty.
                 <em>
                  —AR
                 </em>
                </p>
               </td>
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            FOOD &amp; BEV
           </h3>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Ben &amp; Jerry’s is losing its Jerry
                </a>
               </h1>
              </div>
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               <img alt="Ben and Jerry's ice cream pint that reads &quot;Jerry Free&quot;" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-09-17%252Fimage-7770fa6cfa72dccf9798675df9d11ace598f6e2f-1500x1000-jpg%252FMBD-Ben-%2526-Jerry%2527s-AMK-0925.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NTgxODkxMzcuMjY0NjYyM30:1uzBJJ:i1apR3qIWI8or91IVvUveMeTBIXouSL7ZDUQ2Zb_yAk" style="width:100%;max-width:670px;display:block" width="670"/>
              </a>
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               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                  Anna Kim
                 </em>
                </small>
               </span>
              </p>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 It doesn’t matter how many brownie bites he’s leaving on the table, Jerry Greenfield, half of the famous Ben &amp; Jerry’s ice cream duo,
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  announced
                 </a>
                 yesterday that he is leaving the company after almost 50 years, claiming its British owner, Unilever, is silencing the brand.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Greenfield accused Unilever, which bought the brand in 2000, of stifling the company’s political activism, specifically about Gaza and President Trump.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The acquisition agreement allowed Ben &amp; Jerry’s to maintain an independent board responsible for making decisions regarding its social mission. But tensions escalated in 2021 when the ice cream maker said it would stop selling pints in the Israeli-occupied West Bank:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Last November, Ben &amp; Jerry’s
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    sued
                   </a>
                  </span>
                  <span>
                   Unilever for allegedly threatening to break up its board for voicing support for Palestinian rights and a Gaza ceasefire.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   In March, the brand claimed Unilever illegally fired its CEO.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Unilever denied Ben &amp; Jerry’s allegations. A spokesperson for Magnum, which will become the new parent company of Ben &amp; Jerry’s once Unilever completes a spinoff of its ice cream brands, thanked Greenfield for his work “over many decades.”
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  What next?
                 </strong>
                 Ben Cohen, the other co-founder of the iconic brand, appears to be staying with the company. Unilever’s ice cream spinoff, which will combine brands worth about ~$9.3 billion, is expected to close by the end of the year. Unilever will retain a minority stake in Magnum for up to five years as it sells off its remaining shares.
                 <em>
                  —MM
                 </em>
                </p>
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            Together With Pacaso
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           <img alt="Pacaso" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Ff04af0dcb79a0fe3bc1d78cab8bf58b80e39f7d7-1200x800.png%253Fw%253D1336%2526q%253D90%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTgxODkxMzcuMjY1MDQwNH0:1uzBJJ:4vHBdYJgRtYPylxYErMoZ5afedyLuE-H8B7lhoKVuUc" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <strong style="color:#000">
               Big investors bet on this “unlisted” stock.
              </strong>
              When the former Zillow exec who sold his first company for $120m
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               starts a new venture
              </a>
              , people notice.
              <em>
               Thousands
              </em>
              of people. 12k+ regular investors have joined the pre-IPO firms behind Uber and eBay as Pacaso shareholders. Their tech revamps a $1.3t market, earning $110m+ in gross profits to date. They even reserved their Nasdaq ticker.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Invest before midnight
              </a>
              .
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            TECH
           </h3>
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                 Meta’s smart glasses get smarter
                </a>
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               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                  Meta
                 </em>
                </small>
               </span>
              </p>
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                 After getting you addicted to checking your like count on your phone, Mark Zuckerberg really wants you to look up at the world…because the computer will be on your face instead. Yesterday, Zuck
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  introduced
                 </a>
                 Meta’s newest AI-enabled smart glasses at Meta’s annual Connect conference.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The biggest innovation included in what Zuckerberg called Meta’s Fall 2025 lineup was its new Ray-Ban Display glasses:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   These glasses feature a display on the right side that can show texts, alerts, apps, photos, and even live translations.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   They’re controlled by a Neural Band worn on the wrist to detect hand motions (which mostly worked during Zuckerberg’s live demo—except when he tried to pick up a video call).
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The Meta CEO said they’ll be available for sale on Sept. 30 for $799.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 He also introduced the Ray-Ban Meta Gen 2
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  glasses
                 </a>
                 , as well as a new model of smart Oakley
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  glasses
                 </a>
                 aimed at sports enthusiasts.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Zoom out:
                 </strong>
                 This isn’t just Zuck’s chance to influence fashion, it’s also an opportunity for Meta to show what the AI it is investing heavily in can do in the real world. The smart glasses category, once widely mocked, now appears to be growing fast. Meta reports having already sold millions of its current Ray-Ban models.
                 <em>
                  —AR
                 </em>
                </p>
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            STAT
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               <h1 class="story-title" style="color:#000;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Prime number: Refinance rush
                </a>
               </h1>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <img alt="A person with a calculator surrounded by bills" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-09-17%252Fimage-888a50c72cfa32296cf4c304c1037f3d4539eaf8-1500x1000-jpg%252FMBD-Mortgages-AdobeStock-0925.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NTgxODkxMzcuMjY1NTgyOH0:1uzBJJ:gqneC1JMiPxan6eFlHsOL8kV94LfyzqdZpSifEkmI6E" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                  Fizkes/Adobe Stock
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 If talking about your mortgage refinance during happy hour is one of the surest signs you’re getting old, then a lot of people probably had some existential dread along with their beers last week. With mortgage rates falling to their lowest in nearly a year, home loan refinance applications
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  shot up
                 </a>
                 58% last week compared to the week before and increased 70% compared to the same week last year, according to the Mortgage Bankers Association (MBA).
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Refinancing accounted for 59.8% of mortgage applications, up from 48.8% the previous week.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The average loan size on refinances reached the highest level it’s been since the MBA began keeping track 35 years ago, as homeowners with the biggest loans rushed to redo their contracts, the MBA’s Chief Economist Mike Fratantoni told CNBC.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 And we likely haven’t seen the end of refinancing chatter over cocktails: Earlier this week, average 30-year mortgage rates dipped even lower to 6.13%—their lowest since 2022—in anticipation of the Fed’s rate cut.
                 <em>
                  —AR
                 </em>
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
      </div>
      <!-- <![endif]-->
      <!-- END STORY ARTICLE -->
      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" class="story-container" style="border-collapse:collapse" width="100%">
        <tr>
         <td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
          <div class="tag-container" style="padding:15px 15px 0">
           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            NEWS
           </h3>
          </div>
          <table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
           <tr>
            <td class="card-content">
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <div class="title-container" style="padding:0 15px">
               <h1 class="story-title" style="color:#000;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 What else is brewing
                </a>
               </h1>
              </div>
             </table>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    President Trump
                   </a>
                  </span>
                  <span>
                   received a warm royal welcome on his unprecedented second state visit to the UK, where he was feted with elaborate military displays and a state dinner hosted by King Charles III at Windsor Castle. Some nonroyal residents weren’t as accommodating—thousands protested Trump’s visit yesterday. With Britain looking to shore up diplomatic ties, tech and nuclear energy deals are expected to be announced.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    Former CDC head Susan Monarez
                   </a>
                  </span>
                  <span>
                   , who was ousted over disagreements with RFK Jr., told senators that the HHS Secretary wanted “blanket approval” on vaccine recommendations and said that he plans to change the childhood vaccine schedule soon.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    Eli Lilly
                   </a>
                  </span>
                  <span>
                   said its experimental weight loss pill bested Novo Nordisk’s oral medicine in a head-to-head study of patients with Type 2 diabetes.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    Treasury Secretary Scott Bessent
                   </a>
                  </span>
                  <span>
                   previously listed two different houses as his “principal residence,” Bloomberg reported, which is similar to what President Trump has said Fed Governor Lisa Cook should be fired for.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    Cracker Barrel
                   </a>
                  </span>
                  <span>
                   reported mixed earnings yesterday after announcing and then nixing a controversial rebrand last month.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    Amazon’s Prime Video
                   </a>
                  </span>
                  <span>
                   is giving the people what they want: A movie finale for
                  </span>
                  <span>
                   <em>
                    The Summer I Turned Pretty
                   </em>
                  </span>
                  <span>
                   .
                  </span>
                 </li>
                </ul>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
      </div>
      <!-- <![endif]-->
      <!-- END STORY ARTICLE -->
      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" class="story-container" style="border-collapse:collapse" width="100%">
        <tr>
         <td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
          <div class="tag-container" style="padding:15px 15px 0">
           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            RECS
           </h3>
          </div>
          <table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
           <tr>
            <td class="story-content">
             <div class="header-image-container" style="padding-top:15px">
              <img alt="To-do list banner" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-09-11%252Fimage-762cbc4c673b8613a0de1bf6711a4fc25276f7a4-1350x330-png%252FMB_todo_banner.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NTgxODkxMzcuMjY1Njg2M30:1uzBJJ:htcjLaKd2Zt38W_uprjqUdgY9UKnkpfkusK_GKG-zRE" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <div>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTgxODkxMzcuMjY1Nzc3fQ:1uzBJJ:w2brycV2wvfZIFJ1yztfnkUfPZZ01qque_pK7eEoDIM" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Scare:
                  </strong>
                  Skelly is cool and all, but this
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   giant snake
                  </a>
                  is way more fun for your yard.**
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTgxODkxMzcuMjY1ODY2fQ:1uzBJJ:6yYkuwK_eCv_CuB0B6uQs4Jc6zBpu__9O6odvcJdXHE" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Sit comfortably:
                  </strong>
                  The
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   best seats in economy
                  </a>
                  for long-haul flights.
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTgxODkxMzcuMjY1OTUzOH0:1uzBJJ:doYBHWmd8BWbNykzvVEivbWxYkYrfGnVldJgUkF1wrg" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Bake fast:
                  </strong>
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Dessert recipes
                  </a>
                  with three ingredients or less.
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTgxODkxMzcuMjY2MDQxOH0:1uzBJJ:7NaNsg6-CPmyiRDhHk-TNhEdDFtFZOjKPI33ovD4cqI" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Read:
                  </strong>
                  The ancient origins of our obsession with
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   personality types
                  </a>
                  .
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <strong style="color:#000">
                   <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTgxODkxMzcuMjY2MTN9:1uzBJJ:fEtyzUz5HLFS8sp5R5tPgdjY7FwvZcAlI6g-PMexXrw" style="max-width:18px" width="18"/>
                   Don’t miss tonight’s deadline:
                  </strong>
                  Midnight is the cutoff for investors to
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   join the pre-IPO
                  </a>
                  backers of Uber and eBay, plus 12k+ regular people, as Pacaso shareholders.
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Invest while you can
                  </a>
                  .*
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTgxODkxMzcuMjY2MjM1fQ:1uzBJJ:Gp-TEdUYg7tbZGuIUn7i3fMZyTgpSyaK0PZUWFL54zI" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Balancing can and should:
                  </strong>
                  Brew Markets’ Ann Berry sits down with
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Stephen Sikes, COO of Public
                  </a>
                  , to discuss what’s next for AI usage in the retail investing space. Secure your virtual seat when you
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   RSVP here
                  </a>
                  .*
                 </p>
                 <placementslot data-id="1afa2cfb9aab">
                 </placementslot>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <sup>
                   <em>
                    *A message from our sponsor. **This is a product recommendation from our writers. When you buy through this link, Morning Brew may earn a commission.
                   </em>
                  </sup>
                 </p>
                </div>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
      </div>
      <!-- <![endif]-->
      <!-- END STORY ARTICLE -->
      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" class="story-container" style="border-collapse:collapse" width="100%">
        <tr>
         <td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
          <div class="tag-container" style="padding:15px 15px 0">
           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            PLAY
           </h3>
          </div>
          <table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
           <tr>
            <td class="story-content">
             <div class="header-image-container" style="padding-top:15px">
              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Games available from Morning Brew" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-09-11%252Fimage-3524949da8d220051120175f97246671d52e0b38-2700x660-png%252FIMG_9052.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NTgxODkxMzcuMjY2MzM4Nn0:1uzBJJ:dZL-AX0z4Vr1uFlLLBzOWImnhXburNyNpluUtj_wUjw" style="width:100%;max-width:670px;display:block" width="670"/>
              </a>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Brew Mini:
                 </strong>
                 If seven is your lucky number, today’s Mini was made for you. And if not, it’s still fun.
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Play it here
                 </a>
                 .
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 Three Headlines and a Lie
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Three of these headlines are real and one is faker than the promises on a box of at-home blonde hair dye. Can you spot the odd one out?
                </p>
                <ol>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Kirkland &amp; Ellis partner gets ear
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    pierced
                   </a>
                  </span>
                  <span>
                   in court after brokering rescue deal for accessories giant Claire’s
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Tom Brady is
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    returning
                   </a>
                  </span>
                  <span>
                   to the field for a flag football tournament in Saudi Arabia
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Rare, first-generation iPod prototype
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    found
                   </a>
                  </span>
                  <span>
                   perfectly preserved in foundation of California home
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Teens who
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    peed
                   </a>
                  </span>
                  <span>
                   into a hotpot, and their parents, must pay $300k, Chinese court orders
                  </span>
                 </li>
                </ol>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
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          <div class="tag-container" style="padding:15px 15px 0">
           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            SHARE THE BREW
           </h3>
          </div>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <a class="link" style="color:#252525;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Share Morning Brew
                 </a>
                 with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag.
                </p>
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                 We’re saying we’ll give you free stuff and more friends if you share a link. One link.
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                <a>
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                  <img class="img-responsive" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe8c0d668fd2ce584105a14629f9409b29ddffc91-3840x2160.png%253Fw%253D640%2526q%253D60/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTgxODkxMzcuMjY2NDQyNX0:1uzBJJ:1xnywTahfl4dZ2SeSoIPqwaT2JXFJ92R7I7moWHM2do" style="width:100%;max-width:640px;display:block;width:100%!important" width="640"/>
                 </p>
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                 <b>
                  Your referral count:
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                 0
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                <a class="stb-btn" style="color:#fff;text-align:center;background-color:#1c7ff2;border-radius:4px;width:100%;max-width:150px;padding:15px;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:900;text-decoration:none;display:block;margin-top:inherit!important;margin-bottom:inherit!important;margin-right:inherit!important;margin-left:inherit!important">
                 Click to Share
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                <p style="margin-top:15px;margin-bottom:15px;line-height:22px">
                 Or copy &amp; paste your referral link to others:
                 <br/>
                 <a class="link" style="color:#252525;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  morningbrew.com/daily/r/?kid=979c4554
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                 <span style="text-decoration:underline">
                  Word of the Day
                 </span>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Today’s Word of the Day is: feted, meaning “honored with a lavish party.” Thanks to Caroline from Minneapolis for a suggestion that sounds like a good time. Submit another Word of the Day
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               This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at
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                invest.pacaso.com
               </a>
               . Reserving the ticker symbol is not a guarantee that the company will go public. Listing on the Nasdaq is subject to approvals.
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