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  <div class="sailthru-emco-preheader" style="display: none; max-height: 0px; overflow: hidden;">
   Ford shares finished up over 12% on Friday, with investors pouring into the company as it tackles EV losses and fallout from a devastating fire that slammed a major aluminum supplier.
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                  (Oliver Berg/Getty Images)
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                  <p style="margin:0">
                   Presented by
                  </p>
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                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   Hey Snackers,
                  </span>
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                  <p style="margin:0;margin-bottom:20px">
                   As the air turns crisp, the leaves turn red, and the days get shorter, it feels like it’s been forever since we were on vacation. And for a considerable share of Americans, it really
                   <em>
                    has
                   </em>
                   been a while since they took PTO: a new survey found that almost a quarter of employees haven’t taken
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     one vacation day in the past year
                    </strong>
                   </a>
                   . And though the US was one of only 10 nations that worked more hours per year than the OECD average last year,
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     at least we aren’t at the top
                    </strong>
                   </a>
                   ?
                  </p>
                  <p style="margin:0;margin-bottom:20px">
                   A
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     softer-than-expected CPI inflation report
                    </strong>
                   </a>
                   for September sent stocks off to the races on Friday, with the S&amp;P 500 and Nasdaq 100 setting fresh
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     intraday and closing record highs
                    </strong>
                   </a>
                   . The benchmark US stock index closed up 0.8%, the Nasdaq 100 gained 1%, and the Russell 2000 advanced about 1.2%.
                  </p>
                  <p style="margin:0;margin-bottom:20px">
                   <strong>
                    🔮
                   </strong>
                   <strong>
                    Quiz time:
                   </strong>
                   Do you know the answer to this
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     futures question
                    </strong>
                   </a>
                   ?
                  </p>
                  <p style="margin:0">
                   The only agricultural product it is
                   <em>
                    illegal
                   </em>
                   to trade futures in is:
                  </p>
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                <td class="pad" style="padding-bottom:15px;padding-left:10px;padding-right:10px;padding-top:10px">
                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Fertilizer
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Lean hogs
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Onions
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Southern yellow pines
                   </li>
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                  <p style="margin:0">
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Check your answer
                    </strong>
                   </a>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     .
                    </strong>
                   </a>
                  </p>
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                   <span style="word-break: break-word; line-height: 16.8px;">
                    <strong>
                     FORD, FOCUS!
                    </strong>
                   </span>
                  </span>
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                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    Wall Street is optimistic about Ford’s EV reset and aluminum plant recovery plan
                   </strong>
                  </a>
                 </h1>
                </td>
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                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                  <p style="margin:0;margin-bottom:20px">
                   <strong>
                    Ford
                   </strong>
                   shares finished
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     up over 12% on Friday
                    </strong>
                   </a>
                   , with investors pouring into the company as it tackles EV losses and fallout from a devastating fire that slammed a major aluminum supplier. The day after the automaker
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     posted earnings
                    </strong>
                   </a>
                   was its best day in the stock market since January 2022.
                  </p>
                  <p style="margin:0">
                   Investors’ optimism seems to have less to do with Ford’s performance of late — the automaker lowered the top range of its full-year EBIT forecast by
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     $1 billion
                    </strong>
                   </a>
                   — and more to do with
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     the steps it’s taking to clean things up
                    </strong>
                   </a>
                   .
                  </p>
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                <td class="pad" style="padding-bottom:15px;padding-left:10px;padding-right:10px;padding-top:10px">
                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Ford lost $1.4 billion on EVs in the third quarter, the unit’s deepest loss since 2023. That result came despite a
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      sales surge
                     </strong>
                    </a>
                    as customers raced to qualify for the expiring $7,500 EV tax credit.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    On the company’s earnings call Thursday, CEO Jim Farley said he believes EV adoption will be about 5% of the US market, below the 7.5% S&amp;P Global
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      cited
                     </strong>
                    </a>
                    earlier this month.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    But Ford says it has a solution. The company is “prioritizing hybrids across our lineup, including the development of extended range hybrid options,” Farley said, and he also highlighted Ford’s
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      new production platform
                     </strong>
                    </a>
                    , which will produce cheaper electric vehicles (including a $30,000 EV truck in 2027).
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
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                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                  <p style="margin:0">
                   According to Farley, this plan is “right around the corner” and sourcing is 95% complete. Ford also said it’s going to keep production of its F-150 Lightning paused, focusing instead on gas and hybrid trucks. That move, however, has less to do with its broader EV shift and
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     more to do with aluminum
                    </strong>
                   </a>
                   , as electric vehicles use more of the metal.
                  </p>
                 </div>
                </td>
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             </td>
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           </tbody>
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                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   THE TAKEAWAY
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
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                  <p style="margin:0;margin-bottom:16px">
                   Ford is being more intentional about aluminum usage following the damaging fire at Novelis’ Oswego aluminum plant, which reportedly supplied 40% of the US auto industry’s aluminum sheet. The plant fire will ding Ford’s fourth-quarter earnings by between $1.5 billion and $2 billion, the company said. But Ford said it has “line of sight to mitigate at least $1 billion in 2026” and can “make up” roughly half of those losses next year by adding third shifts and new jobs.
                  </p>
                  <p style="margin:0">
                   Altogether, Wall Street seems impressed at how Ford has been navigating a few roadblocks that have materialized in its way.
                  </p>
                 </div>
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                      Read more
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                    <strong>
                     Presented by State Street Investment Management
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                  <strong>
                   Don’t miss out on a mid-cap allocation
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                  <p style="margin:0;margin-bottom:16px">
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                   .
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                   Wherever you’re headed, getting there starts
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                    <strong>
                     here
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                   .
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                   Stories we’re watching
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                     <strong>
                      Premium seats are airlines’ not-so-secret special sauce
                     </strong>
                    </a>
                    <strong>
                     :
                    </strong>
                    Count us among the many who hopefully await a premium upgrade to the “plus” level every time we fly. It seems the allure of extra legroom has been a
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      boon for major carriers
                     </strong>
                    </a>
                    , as
                    <strong>
                     American
                    </strong>
                    ,
                    <strong>
                     United
                    </strong>
                    , and
                    <strong>
                     Delta
                    </strong>
                    have all enjoyed strong quarters driven by “premium markets.” As Delta said,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      once you go Comfort+, you can’t go back
                     </strong>
                    </a>
                    .
                   </li>
                   <li style="Margin:0 0 8px 0">
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Big Tech’s big visions for AR glasses is foggy
                     </strong>
                    </a>
                    <strong>
                     :
                    </strong>
                    <strong>
                     Snap
                    </strong>
                    is reportedly seeking $1 billion to finance its AR glasses division in an
                    <strong>
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      “existential” fundraise
                     </strong>
                    </a>
                    , though an exec said the social firm doesn’t need outside help to “publicly launch Specs in 2026.” Meanwhile, though
                    <strong>
                     Meta
                    </strong>
                    keeps
                    <strong>
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      crowing its Ray-Ban Meta glasses are a hit
                     </strong>
                    </a>
                    , Zuckerberg has also acknowledged, “This will be a defining year that determines if we’re on a path toward many hundreds of millions, and eventually billions, of AI glasses.” One bullish sign came from Ray-Ban maker
                    <strong>
                     EssilorLuxottica
                    </strong>
                    , which reported a
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      revenue boost from the Meta specs
                     </strong>
                    </a>
                    in its third-quarter earnings, but we still don’t know anyone who actually bought a pair.
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
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                   <span style="word-break: break-word; line-height: 16.8px;">
                    <strong>
                     THE BEST THING WE READ TODAY
                    </strong>
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                  </span>
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                    Hasbro’s Wizards just worked their magic on earnings
                   </strong>
                  </a>
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                  <p style="margin:0;margin-bottom:16px">
                   The company behind iconic games like “Monopoly,” “Trivial Pursuit,” and “Clue” scored some serious points with investors this week, as
                   <strong>
                    Hasbro
                   </strong>
                   ’s revenue climbed 8% year over year to top $1.4 billion — a result powered less by plastic toys and more by pixels and
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     especially by cards
                    </strong>
                   </a>
                   .
                  </p>
                  <p style="margin:0">
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                    <strong>
                     Read more
                    </strong>
                   </a>
                  </p>
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                   <span style="word-break: break-word; line-height: 16.8px;">
                    <strong>
                     Presented by Surf Air Mobility
                    </strong>
                   </span>
                  </span>
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                  <strong>
                   Regional Air Mobility Is Getting The AI Treatment
                  </strong>
                 </h1>
                </td>
               </tr>
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                  <p style="margin:0;margin-bottom:16px">
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Surf Air Mobility (NYSE: SRFM)
                    </strong>
                   </a>
                   is building SurfOS: its proprietary vertical AI platform designed specifically for air mobility.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   With a blue-chip AI software partnership already in place — SurfOS is designed to create industry intelligence at scale, optimizing regional operations today while paving the way for new electrified aircraft to start flying at scale in the future.
                  </p>
                  <p style="margin:0">
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Discover more about Surf Air Mobility
                    </strong>
                   </a>
                   .
                   <sup>
                    1
                   </sup>
                  </p>
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                  <span class="tinyMce-placeholder" style="word-break: break-word;">
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                     Monday Night Football:
                    </strong>
                    Traders are predicting a clear advantage in favor of the 4-3 Kansas City Chiefs over the 3-4 Washington Commanders, with traders on Robinhood’s market pricing a Kansas City win at $0.86
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    A cooler-than-expected inflation report fueled more confidence in additional Federal Reserve easing through year-end, with prediction markets pricing in the odds of three cuts in 2025 as
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      high as 85%
                     </strong>
                    </a>
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                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Wall Street analysts looked deeper
                     </strong>
                    </a>
                    into
                    <strong>
                     Intel
                    </strong>
                    ’s earnings report and concluded its turnaround has a long way to go
                   </li>
                  </ul>
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                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Monday:
                    </strong>
                    Earnings expected from
                    <strong>
                     Avis
                    </strong>
                    ,
                    <strong>
                     Bed Bath &amp; Beyond
                    </strong>
                    , and
                    <strong>
                     Whirlpool
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Tuesday:
                    </strong>
                    Earnings expected from
                    <strong>
                     UnitedHealth
                    </strong>
                    ,
                    <strong>
                     PayPal
                    </strong>
                    ,
                    <strong>
                     UPS
                    </strong>
                    ,
                    <strong>
                     JetBlue
                    </strong>
                    ,
                    <strong>
                     Royal Caribbean
                    </strong>
                    ,
                    <strong>
                     SoFi
                    </strong>
                    ,
                    <strong>
                     Wayfair
                    </strong>
                    ,
                    <strong>
                     Seagate Technologies
                    </strong>
                    ,
                    <strong>
                     Visa,
                    </strong>
                    and
                    <strong>
                     Bloom Energy
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Wednesday:
                    </strong>
                    Earnings expected from
                    <strong>
                     Verizon
                    </strong>
                    ,
                    <strong>
                     Boeing
                    </strong>
                    ,
                    <strong>
                     CVS
                    </strong>
                    ,
                    <strong>
                     Caterpillar
                    </strong>
                    ,
                    <strong>
                     Centene
                    </strong>
                    ,
                    <strong>
                     Etsy
                    </strong>
                    ,
                    <strong>
                     Phillips 66
                    </strong>
                    ,
                    <strong>
                     Kraft Heinz
                    </strong>
                    ,
                    <strong>
                     Meta
                    </strong>
                    ,
                    <strong>
                     Microsoft
                    </strong>
                    ,
                    <strong>
                     Google
                    </strong>
                    ,
                    <strong>
                     Chipotle
                    </strong>
                    ,
                    <strong>
                     Starbucks
                    </strong>
                    ,
                    <strong>
                     eBay
                    </strong>
                    , and
                    <strong>
                     Carvana
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Thursday:
                    </strong>
                    Earnings expected from
                    <strong>
                     Eli Lilly
                    </strong>
                    ,
                    <strong>
                     Merck
                    </strong>
                    ,
                    <strong>
                     Comcast
                    </strong>
                    ,
                    <strong>
                     Roblox
                    </strong>
                    ,
                    <strong>
                     Shake Shack
                    </strong>
                    ,
                    <strong>
                     Estée Lauder
                    </strong>
                    ,
                    <strong>
                     Amazon
                    </strong>
                    ,
                    <strong>
                     Apple
                    </strong>
                    ,
                    <strong>
                     Coinbase
                    </strong>
                    ,
                    <strong>
                     Reddit
                    </strong>
                    ,
                    <strong>
                     Western Digital
                    </strong>
                    ,
                    <strong>
                     Strategy
                    </strong>
                    ,
                    <strong>
                     Riot Platforms
                    </strong>
                    ,
                    <strong>
                     Roku
                    </strong>
                    ,
                    <strong>
                     First Solar
                    </strong>
                    , and
                    <strong>
                     Gilead
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Friday:
                    </strong>
                    Earnings expected from
                    <strong>
                     Exxon
                    </strong>
                    ,
                    <strong>
                     Chevron
                    </strong>
                    ,
                    <strong>
                     AbbVie
                    </strong>
                    , and
                    <strong>
                     Charter Communications
                    </strong>
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
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                  <p style="margin:0;margin-bottom:16px">
                   <strong>
                    State Street Investment Management Disclosure:
                   </strong>
                   <strong>
                    <br/>
                   </strong>
                   <strong>
                    <br/>
                   </strong>
                   <strong>
                    Before investing, consider the funds’ investment objectives, risks, charges, and expenses. To obtain a prospectus or summary prospectus, which contains this and other information, call 1-866-787-2257 or visit
                   </strong>
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    www.statestreet.com/im
                    <strong>
                     .
                    </strong>
                   </a>
                   <strong>
                    Read it carefully.
                   </strong>
                   Investing involves risk. ALPS Distributors, Inc. (fund distributor); State Street Global Advisors Funds Distributors, LLC (marketing agent)
                  </p>
                  <p style="margin:0">
                   <strong>
                    <a style="text-decoration: underline; color: #1d1d1d;">
                     State Street Global Advisors (SSGA) is now State Street Investment Management. Please click here for more information
                    </a>
                    .
                   </strong>
                  </p>
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                  <p style="margin:0;margin-bottom:16px">
                   <strong>
                    Surf Air Mobility's disclosures:
                    <br/>
                   </strong>
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   <sup>
                    1
                   </sup>
                   Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal. Before investing, carefully assess whether a particular stock aligns with your investment objectives, risk tolerance, and financial situation.
                  </p>
                  <p style="margin:0">
                   This is a paid advertisement for Surf Air Mobility, Inc.
                  </p>
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                   SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025
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