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   Daily Brew // Morning Brew // Update
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     The labor market is solid, but consumers' feelings aren't...
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             May 09, 2026
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              Presented By
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               Morning, folks.
              </strong>
              We’re working on an upcoming Sunday Special about career pivots, and we want to know if any of y’all changed jobs in a big way. Did you leave your corporate marketing gig to run your family’s struggling chocolate business in a small town, only to find out you’ve had the gift of nougat inside of you all along? Wow, set that at Christmastime, and it could be a great Hallmark movie.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              If you want to share your own pivot and how you knew it was time to make the move, tell us your story
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               here
              </a>
              . Our favorite responses will be featured in the newsletter.
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               —Matty Merritt, Molly Leibergall, Dave Lozo, Sam Klebanov, Abby Rubenstein, Holly Van Leuven
              </em>
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <strong style="color:#000">
               In today’s newsletter,
              </strong>
              we’ll look at:
             </p>
             <ul style="margin-top:0;padding-left:30px">
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                The state of the job market
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                First batch of UFO files getting declassified
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                The hack that delayed final exams across the nation
               </span>
              </li>
             </ul>
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               MARKETS
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             <td class="pad5m">
             </td>
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            <!-- Nasdaq -->
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                 <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzgzMTg2MjUuNjcwNDUwN30:1wLduT:x3D6uTHYbQgDXryxMOXYVfRi1X_ZpjQRCotY9x1RNM0" style="width:22%" width="20"/>
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                  Nasdaq
                 </p>
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                <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">
                  26,247.08
                 </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">
                     +1.71%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Nasdaq -->
            <!-- S&P -->
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                 <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzgzMTg2MjUuNjcwNTQ5fQ:1wLduT:ZZCyW-BaScN2XwPCaXpGQKK3fFHf3W27Y1x3BDcCU_w" 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">
                  7,398.93
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
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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">
                     +0.84%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END S&P -->
            <!-- Dow -->
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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%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzgzMTg2MjUuNjcwNjUxfQ:1wLduT:MPFUEmJwzkMKmbTSDmRUvc2yxAcImiTELcl1FLw5-aQ" 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">
                  49,609.16
                 </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">
                     +0.03%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Dow -->
            <!-- 10-Year -->
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             <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzgzMTg2MjUuNjcwNzQ2OH0:1wLduT:rIxTRVzoRCwxvRktEAr9CgAzF-MexJh6qQDjVsgyiB0" 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">
                  4.364%
                 </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">
                     -3.0 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%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzgzMTg2MjUuNjcwODQxN30:1wLduT:O4yGHDzGVkOyzeTXvWqnG3UYSnzEafPNTGaBVJ2Jnw8" 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">
                  $80,233.83
                 </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">
                     +0.65%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Bitcoin -->
            <!-- Intel -->
            <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzgzMTg2MjUuNjcwOTM0N30:1wLduT:fEojH2E_DJO_UqcpdTkFdrYBJwJdRYOKF8Q1tGrlOKI" 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">
                  Intel
                 </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">
                  $124.92
                 </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">
                     +13.96%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Intel -->
            <!-- START REGULAR TEXT -->
            <tr>
             <td style="padding:3px 15px 10px">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzgzMTg2MjUuNjcxMDMzNn0:1wLduT:fsNb3NeTzfOhJ7UPrmR1VjN86m-CT9iOEiWUHvXo-Sg" 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>
                 Much like Alex Honnold, stocks just keep climbing. The Nasdaq and the S&amp;P 500 each notched another
                </span>
                <span>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  record close
                 </a>
                </span>
                <span>
                 yesterday, capping off six winning weeks in a row. Chipmakers were among the favorites, with Intel, in particular, soaring after the WSJ reported the company had clinched a preliminary deal to make chips for Apple.
                </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="line-height:22px;margin-top:0;margin-bottom:15px;padding:15px;background-color:#E8E8E8;">
               <p style="line-height:22px;margin-top:0;margin-bottom:15px;margin-bottom:0;">
                <strong style="color:#000;font-size:16px;color:#1C7FF2">
                 Markets Sponsored by State Street Investment Management
                </strong>
               </p>
               <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                Liquidity leader: Ranked among top 20 most liquid US-listed ETFs,
                <sup>
                 1
                </sup>
                <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                 DIA
                </a>
                gives investors the ability to get in and out of the market easily in any market condition.
                <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                 Learn more
                </a>
                .*
               </p>
               <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               </p>
               <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                <sup>
                 1. Liquidity leader. Source: Bloomberg Finance L.P., as of December 31, 2025. Based on the 180-day average notional dollar trading volume, DIA ranked within the top 20 most liquid out of 4,798 US-listed ETFs.
                 <strong style="color:#000">
                  The performance data quoted represents past performance. Past performance does not guarantee future results.
                 </strong>
                </sup>
               </p>
              </div>
             </td>
            </tr>
           </table>
          </td>
         </tr>
        </table>
        <!--[if !mso ]><! -- -->
       </div>
      </div>
      <!-- <![endif]-->
      <!-- END MARKETS -->
      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" class="story-container" role="presentation" style="border-collapse:collapse" width="100%">
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            ECONOMIC VIBE CHECK
           </p>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Labor market doin’ good! But everyone still feels bad :(
                </a>
               </p>
              </div>
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              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="A young woman smiles at her phone, help wanted sign, resume, job offer" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-05-08%252Fimage-da8e7d0a4db0a69b6a38a705130eba86bd283e50-1500x1000-jpg%252FMBD-JobsReport-AN-050826.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzgzMTg2MjUuNjcxMTQxOX0:1wLduT:CGHxgF-e4Mps3a_jDhbV_DASrZ1vv7ENxDqS_wxPp5g" 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>
                  Morning Brew/Adobe Stock
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" 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">
                 Like a younger brother babysitting his niece or nephew for the first time, yesterday’s jobs report exceeded expectations. US employers
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  added
                 </a>
                 115,000 jobs in April, roughly doubling analysts’ projections and suggesting that the geopolitical factors eroding consumer confidence haven’t yet hurt the job market.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 According to the Labor Department:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Job gains were once again driven by the healthcare industry, reflective of an aging US population. Transportation, warehousing, and retail sectors also added the most jobs since 2024.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Federal government payrolls declined again, and job cuts also occurred in manufacturing and “information employment,” which roughly accounts for tech fields. (The latter category has shed 11% of jobs since peaking in November 2022, when ChatGPT was released.)
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The unemployment rate held at 4.3%, as expected.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Combined with even stronger hiring from March,
                 </strong>
                 April’s numbers mark the biggest two-month payroll increase since 2024, coming right after the US
                 <em>
                  lost
                 </em>
                 156,000 jobs in February, reflecting
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  ongoing volatility
                 </a>
                 . While yesterday’s labor dispatch delighted the stock market…
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700;color:#000!important">
                 …some warning signs also flashed
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Unemployment may be holding steady, but many Americans are still struggling. Last month:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Wage growth increased slightly, to 3.6%. That was below expectations and below the 4.2% rate that economists
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    predict
                   </a>
                  </span>
                  <span>
                   all-items inflation will hit this year due to tariffs and the Iran war.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   A gauge for 1) part-time workers who would prefer full-time employment and 2) job-seekers who gave up on finding work hit its highest rate since December.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The percentage of the population that’s working or seeking work hit its lowest level since October 2021.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Meanwhile, vibes are bad:
                 </strong>
                 Consumer sentiment
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  fell
                 </a>
                 to another record low this month as surging gas prices—which hit a nearly four-year high this week—compounded cost-of-living anxiety, according to the University of Michigan’s survey.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Looking ahead…
                 </strong>
                 we’ll get a better idea of how much overall prices have risen recently when the latest CPI data comes out next week. With the job market appearing strong overall, the Federal Reserve could hinge its next interest rate decision primarily on inflation.
                 <em>
                  —ML
                 </em>
                </p>
               </td>
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            Sponsored By Avalara
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              Don’t guess and you won’t stress
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             Confident compliance starts with outcomes, not guesswork.
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             Built on 20+ years of real compliance infrastructure (and not retrofitted AI), Avalara processes and files returns at scale. That’s 1k+ per minute, in case you were keeping count.
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             Avalara applies 60k+ continuously updated regulatory rules automatically and integrates seamlessly with 1,400+ business systems and platforms. It maintains
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              full audit traceability
             </a>
             from transaction to return and is trusted by 200k+ businesses operating across 75+ countries. That’s a lot of numbers—all of ’em good.
            </p>
            <p style="margin-top:0;margin-bottom:15px;line-height:22px">
            </p>
            <p style="margin-top:0;margin-bottom:15px;line-height:22px">
             In short: Teams can scale globally without needing to master local tax rules alone.
            </p>
            <p style="margin-top:0;margin-bottom:15px;line-height:22px">
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              Learn more and get started
             </a>
             .
            </p>
           </td>
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            WORLD
           </p>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Tour de headlines
                </a>
               </p>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <img alt="handout from declassified UFO files " src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-05-09%252Fimage-d4a46f96a8f3dd82087e0e31ac80b4c3f435c9ec-3000x2000-jpg%252FTrumpAdministrationReleasesFirstBatchOfDeclassifiedUFOFiles/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzgzMTg2MjUuNjcxNjc5fQ:1wLduT:LkCN43JptvOnN8yPPMUNlbIRC-_6iRuKK_EexsbkYM8" 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>
                  An actual site photo with FBI Lab-rendered graphic overlay to depict corroborating eyewitness reports, released among the declassified files. Handout/Getty Images
                 </em>
                </small>
               </span>
              </p>
             </div>
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              <tr>
               <td class="content-container" style="padding:15px">
                <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%252Fflying-saucer_1f6f8.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgzMTg2MjUuNjcxNzcxOH0:1wLduT:gzQaIlMbYJPoRDk3lfYLcebKTovMe-woW-9novpqwcc" style="max-width:18px" width="18"/>
                  Pentagon releases
                  <del>
                   the X files
                  </del>
                  documents on UFOs.
                 </strong>
                 Yesterday,
                 <strong style="color:#000">
                 </strong>
                 the Defense Department began releasing a large batch of never-before-seen
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  files
                 </a>
                 declassified on a new website that includes details of alleged UFO sightings and photos of unidentified aerial phenomena (
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  see for yourself here
                 </a>
                 ). The government did not offer any analysis of the documents, and President Trump said on Truth Social, “The people can decide for themselves, ‘WHAT THE HELL IS GOING ON?’ Have Fun and Enjoy!”—
                 <em>
                  AR
                 </em>
                </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%252Fflag-for-united-states_1f1fa-1f1f8.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgzMTg2MjUuNjcxODY1Mn0:1wLduT:rHglBNZdtXlvl8R5yABd5ZrjWTfxZo0bAmweZ88hJjw" style="max-width:18px" width="18"/>
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fflag-for-iran_1f1ee-1f1f7.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgzMTg2MjUuNjcxOTU2OH0:1wLduT:vyMez5BUq6qYona6AM3azKSRnFYUO5Q3Wq1YTJ9Ki40" style="max-width:18px" width="18"/>
                  US disabled two Iranian oil tankers while waiting for peace plan response.
                 </strong>
                 American forces
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  fired on the Iranian oil tankers
                 </a>
                 yesterday, although the US insists the ceasefire is still in effect. The US military said the tankers were trying to breach its blockade of Iranian ports. Secretary of State Marco Rubio had said he hoped to receive “a serious offer” from Iran regarding a peace deal by late Friday, according to the Associated Press, but the day ended without a public update.—
                 <em>
                  HVL
                 </em>
                </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%252Ftelevision_1f4fa.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgzMTg2MjUuNjcyMDQ1N30:1wLduT:eqL5SrSBR5ni1UlJUOC0zg4NWQ4nuJlgKPd-jPDeuZo" style="max-width:18px" width="18"/>
                  ABC claims the Trump administration is trying to stifle free speech.
                 </strong>
                 In a legal filing that’s pretty spicy for network TV, ABC
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  accused
                 </a>
                 the Federal Communications Commission of threatening “to upend decades of settled law and practice and chill critical protected speech.” At issue is the FCC’s scrutiny of
                 <em>
                  The View
                 </em>
                 and whether the daytime talk show is subject to the equal time rule when it brings on politicians for interviews. The FCC told the AP that it was reviewing ABC’s claim that
                 <em>
                  The View
                 </em>
                 is an exempt news program. The filing comes as the network has also clashed with the administration over comedian Jimmy Kimmel.
                 <em>
                  —AR
                 </em>
                </p>
               </td>
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            READER POLL
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                  <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                   Do you believe that aliens exist?
                  </p>
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                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Yes, the truth is out there.
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  No, we’re alone in the universe.
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Maybe, but we don’t have evidence that proves it (yet).
                  <br/>
                 </a>
                </div>
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            STUDENT IDS SNATCHED
           </p>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Canvas cyberattack shuts down schools’ sites
                </a>
               </p>
              </div>
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              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Students on Harvard University campus" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-05-08%252Fimage-757f76dba52cc6009f73c97ac8945afd24c8b017-5393x3556-jpg%252FGettyImages-476696271.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzgzMTg2MjUuNjcyMTUwMX0:1wLduT:fJM1WhZk7U0pG3ROOViVbgFcrcIiPXC3_I1v7UBK0JE" 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>
                  Getty Images
                 </em>
                </small>
               </span>
              </p>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Procrastinating Intro to Romantic Lit students at thousands of schools were granted a surprise extension on their final essays. Canvas, the platform that about half of all colleges and universities in North America use to manage assignments and share grades,
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  shut down
                 </a>
                 all its sites for a few hours on Thursday, after its parent company, Instructure, suffered a massive cyberattack—just in time for final exams.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Instructure reported late Thursday that Canvas was back for most users, but not before schools like Penn State canceled some exams scheduled for Thursday and Friday.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 A hacking group called ShinyHunters took credit for the attack, which it claimed affected 8,800 universities and K-12 schools around the globe and
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  275 million
                 </a>
                 people’s data. It’s unclear exactly how many users or schools were targeted, as hacker groups sometimes exaggerate the impact to gain media attention or to get a ransom, according to TechCrunch. Some users at Harvard
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  reported
                 </a>
                 seeing a message from the hackers on the school’s Canvas login page during the outage.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The outage was temporary, but:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Instructure first noted a cybersecurity incident on May 1, when it found that some Student IDs, names, and emails, as well as messages between users on Canvas, were breached.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Hackers also told some school officials that they’d need to negotiate a settlement with them by May 12 or data would be leaked.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Big picture:
                 </strong>
                 ShinyHunters has taken credit for a slew of similar high-profile breaches, hacking and exposing users’ personal information from some of the biggest data-hoarders in the country like Microsoft, Ticketmaster, and Salesforce.
                 <em>
                  —MM
                 </em>
                </p>
               </td>
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            Sponsored By Skechers
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              Comfort meets the court.
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             Skechers just became an official partner of the WNBA for the league’s landmark 30th season. Their SKX line is
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              engineered for athletes
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             : high-performance cushioning, court-ready grip, and styles that don’t make you choose between feeling good and playing well. Women’s sports are having a moment. Skechers is here for it.
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              Shop the collection
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             .
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            ICYMI
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             <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
              <div class="title-container" style="padding:0 15px">
               <p class="h1 story-title" 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="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Have you heard…
                </a>
               </p>
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                <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%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgzMTg2MjUuNjcyNjUyNX0:1wLduT:ChmcN8exd4tFioPmKZpRQNz-ejOoiHiDS7QBK5B121g" style="max-width:18px" width="18"/>
                 Three arrests were made in the
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  hijacking
                 </a>
                 of a truck that contained more than $1.2 million worth of Apple products. Police solved the case by finding the only three people in a 500-mile radius with Apple Vision Pro headsets.
                </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%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgzMTg2MjUuNjcyNzQyOH0:1wLduT:OsT-zyg6oPgHYo_7NTfv0ow79YHezP1VdyXK3UOEHF8" style="max-width:18px" width="18"/>
                 Ten years after leaving ESPN, Skip Bayless
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  returned
                 </a>
                 to debate Stephen A. Smith on
                 <em>
                  First Take
                 </em>
                 yesterday. Historians are calling it the Most Unasked For Event in television history.
                </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%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgzMTg2MjUuNjcyODMyNX0:1wLduT:K2rAIaXCK54Xrqb2yGsDydmEeCNMc3_zfWCxpRi6Z4I" style="max-width:18px" width="18"/>
                 A nightclub in Mexico City is
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  asking
                 </a>
                 Americans to pay a $300 cover charge while visitors from other countries only have to pay $20. But Americans will NEVER overpay for the same thing that people from other countries get for way cheaper—unless it’s healthcare.
                </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%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgzMTg2MjUuNjcyOTIyNn0:1wLduT:if0dGNxWF2T2ENB5QUmXdBjTli70EGnoJhniW3sKMB0" style="max-width:18px" width="18"/>
                 According to the Wall Street Journal, a newly
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  coveted
                 </a>
                 cosmetic surgery in South Korea is an injection to create the appearance of elf ears. Around the Shire, they’re calling it Elrond-maxxing.
                </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%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgzMTg2MjUuNjczMDEyN30:1wLduT:Llbui-9i2rodcDa_qGcJ_uOczzdAZxC6fKg4BajCqfE" style="max-width:18px" width="18"/>
                 Fox Sports and Indeed are
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  hiring
                 </a>
                 a “Chief World Cup Watcher” to watch all 104 matches from an office in Times Square for $50,000. With that kind of money, someone could almost afford to attend a World Cup match.
                 <em>
                  —DL
                 </em>
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
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            NEWS
           </p>
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               <p class="h1 story-title" 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="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 What else is brewing
                </a>
               </p>
              </div>
             </table>
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               <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">
                    Virginia’s Supreme Court
                   </a>
                  </span>
                  <span>
                   nixed a voter-approved Democratic congressional redistricting map, harming Democrats’ chances of securing a congressional majority in the midterm elections.
                  </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">
                    Russia and Ukraine
                   </a>
                  </span>
                  <span>
                   have agreed to a three-day ceasefire, President Trump said.
                  </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">
                    The owner of Dunkin’ and Buffalo Wild Wings
                   </a>
                  </span>
                  <span>
                   has confidentially filed for an IPO and is reportedly seeking a ~$20 billion valuation.
                  </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">
                    FDA Commissioner Marty Makary
                   </a>
                  </span>
                  <span>
                   , who has clashed with other officials over issues like vaccines and vapes, will reportedly be dismissed by the Trump administration, sources told news outlets.
                  </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">
                    OnlyFans’s
                   </a>
                  </span>
                  <span>
                   parent company sold a 16% stake to Architect Capital for $535 million. The deal values the company, whose founder died last month, at $3.15 billion.
                  </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">
                    An ETF
                   </a>
                  </span>
                  <span>
                   tracking the memory sector raised $1.1 billion on Thursday alone as AI boosts demand.
                  </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">
                    Olivia and Liam
                   </a>
                  </span>
                  <span>
                   remained the most popular baby names in the US, according to new annual data released by the Social Security Administration.
                  </span>
                 </li>
                </ul>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
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          <div class="tag-container" style="padding:15px 15px 0 15px;">
           <p class="h3" style="line-height:22px;margin-bottom:15px;font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0;text-transform:uppercase; ">
            Sponsored By eltaMD
           </p>
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          <a style="border:none;text-decoration:none" target="_blank">
           <img alt="Sponsor: eltaMD" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-04-30%252Fimage-239198d2936a076774a039d29a918f22a471f076-1400x998-jpg%252Fuvclearbpobcopy.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzgzMTg2MjUuNjczMTE1N30:1wLduT:HT_1cgKsyaHR_fswNWjiTQjpi9Yfhwvp9ZLm0bW1bEs" 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">
              Sun’s out, pores out.
             </strong>
             Summer’s coming in hot—your sunscreen should too. EltaMD UV Clear Blemish-Prone &amp; Oil-Balancing SPF 50 is
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              clinically proven to protect and correct oily, acne-prone skin
             </a>
             , so you can actually enjoy the sun instead of negotiating with it. From the #1 dermatologist-recommended sunscreen brand,
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              and only $49
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             . See you outside.
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            COMMUNITY
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Crowd work
                </a>
               </p>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Last week, we asked, “What’s a purchase you made while traveling that you were really pleased with?” Here are some of our favorite responses:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “In a random little thrift shop in Austin, Texas, I found a frayed thrifted trucker hat that had the Waffle House letters hand-stitched onto it. To this day, I get asked if I worked there, but no, I just believe that Waffle House is a waffle home.”
                  </span>
                  <span>
                   <em>
                    —Ryan from Louisville
                   </em>
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “In the 1980s, I was in Spain and went to the Lladró [porcelain figurines] factory. My wife was pregnant with our first child, and I bought a fabulous piece depicting a mother pushing a baby carriage with her child in it. It became the centerpiece of my wife’s now plentiful Lladro collection and will always remind us of our son.”
                  </span>
                  <span>
                   <em>
                    —Fabrizio from Los Angeles
                   </em>
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “I needed travel-sized shampoo while backpacking in Italy. I went to farmacia and picked the only option. It was a 4 in-1 combo: shampoo, conditioner, soap, and....TOOTHPASTE. Strangest 4-in-1 combo I’ve ever found, but it worked.”
                  </span>
                  <span>
                   <em>
                    —Justin from Vista, CA
                   </em>
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “When I was playing in an Army band in Germany, I bought an oboe, and then took lessons from a local German. And they were free, if I stayed for lunch and talked to his wife about the USA.”
                  </span>
                  <span>
                   <em>
                    —Philip from Hillboro, NH
                   </em>
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “A T-shirt from Gibson’s Donuts in Memphis, TN. Dark blue with a modified Grateful Dead head on the front and back, not with a lightning bolt, but with a donut that has a bite missing. Best donuts around. It’s the favorite in my T-shirt rotation.”
                  </span>
                  <span>
                   <em>
                    —Kevin from Chicago, IL
                   </em>
                  </span>
                 </li>
                </ul>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700;color:#000!important">
                 This week’s question
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 What’s a thrilling experience you’ve had that got your blood pumping?
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Sam’s answer to get the juices flowing:
                 </strong>
                 “I recently rode the Cyclone, aka Coney Island’s famous wood-track roller coaster built in 1927. It was so rickety that it made me want to write up a will while waiting in line, but the beach views made the pre-ride anxiety totally worth it!”
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Submit your response here
                 </a>
                 .
                </p>
               </td>
              </tr>
             </table>
            </td>
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            RECS
           </p>
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              <img alt="To-Do List" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-11-24%252Fimage-ff42f96869558a4ad4ab4f10936a3830dbf1d044-1350x330-png%252FMB_newsletter_banner_new.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzgzMTg2MjUuNjczMjJ9:1wLduT:hnignrtzxe9GG6ceYDZ86t4qdWWL5y4N0sO20RFPamA" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgzMTg2MjUuNjczMzA5OH0:1wLduT:nC0NCZH1ICnZ8uKnG771JSCUCSoXxUPOwAD0rUYpUjY" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Clean:
                  </strong>
                  Sad desk lunches don’t have to mean
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   greasy keyboards
                  </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgzMTg2MjUuNjczNDAwMn0:1wLduT:ki8C1M1xoy2tUZODs7PruDSbF-_5y9zijRqBf7tkcsg" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Fly:
                  </strong>
                  A
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   ranking of airlines
                  </a>
                  broken down by cabin class.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgzMTg2MjUuNjczNDg5M30:1wLduT:MDwtb3cN0wvEFCtIo20I29DFSykT1hwN_nhTSWzo9Is" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Read:
                  </strong>
                  How Reddit
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   resurfaced
                  </a>
                  an unproduced Larry David script.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgzMTg2MjUuNjczNTc5fQ:1wLduT:GllVTren_3ugFxFymS_zoP0aJkbSNbrzJtOQT0hq3ag" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Watch:
                  </strong>
                  Learn how to
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   meal prep
                  </a>
                  like restaurant cooks to keep things fast and easy.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgzMTg2MjUuNjczNjcxNX0:1wLduT:fyPVPYyHMbp2b45ETkEAIDIa-PUALmT-REigP777e9g" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Touch grass:
                  </strong>
                  AllTrails is now in Claude. Just describe your vibe (solo runner, family of four, “I need trees ASAP”) and get a trail plan that’s actually
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   built for you
                  </a>
                  . No scrolling, no guesswork.
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Start exploring
                  </a>
                  .*
                 </p>
                 <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>
                 <placementslot data-id="d2aa689164cc">
                 </placementslot>
                 <placementslot data-id="b1268f0bdf8a">
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            PLAY
           </p>
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              <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzgzMTg2MjUuNjczNzc2NH0:1wLduT:QRtTHeFzzlzsXJJq08OAQHJ1J6fcruHf9R5IL7Z5Ogk" style="width:100%;max-width:670px;display:block" width="670"/>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Brew Crossword:
                 </strong>
                 Your sample clue is “____ Men (‘Who Let the Dogs Out’ group).”
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Play the Crossword here
                 </a>
                 .
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700;color:#000!important">
                 Open House
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Welcome to Open House, the only newsletter section prepared not just to host, but to entertain. We’ll give you a few facts about a listing and you try to guess the price.
                </p>
                <img alt="Palm Springs gated mansion with poolside guest house and pool." class="img-responsive" src="https://inboxflows.com/_/image/https%253A%252F%252Fstorage.morningbrew.com%252Fgif%252F2026-05-08%252Fimage-080b7306f1c80df9b1c8c7c24b5dbdd324b6b7d5-960x720-gif%252Fpalmsprings.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdG9yYWdlLm1vciIsInRpbWUiOjE3NzgzMTg2MjUuNjczODkwOH0:1wLduT:KJV8MJfj2APOgWqKbfccPoHXRsQmKSNJlKCsVES6PME" style="display:block;width:100%!important" width="670"/>
                <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                 <small>
                  <em>
                   Zillow
                  </em>
                 </small>
                </span>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Today’s home, in Palm Springs, CA, is known as Villa Paradiso. Or the “Desert Disneyland,” if you’re Cary Grant. Grant never owned the property, but he spent so many weekends away at the estate that its former owner, a Las Vegas hotelier, eventually
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  built
                 </a>
                 a guesthouse for the movie star. Amenities include:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   8 beds, 14 baths
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Citrus groves
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Formal motor court for all your black-tie parties
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 How much for the four-acre gated estate?
                </p>
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            SHARE THE BREW
           </p>
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                <a>
                 <img alt="Referrals Get Rewarded" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F186d427b237afa331a96448ae17d5a27b6d8ca2a-1350x330.png%253Fw%253D1340%2526q%253D100%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzgzMTg2MjUuNjczOTg5M30:1wLduT:M3COv76oeEflZSda7OpiU-X2eiyz31tV1OQhRBcZAbM" style="width:100%;max-width:670px;margin-bottom:15px;display:block" width="670"/>
                </a>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Share the Brew, watch your referral count climb, and unlock brag-worthy swag.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Your friends get smarter. You get rewarded. Win-win.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <b>
                  Your referral count:
                 </b>
                 0
                </p>
                <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/r/?kid=979c4554
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            ANSWER
           </p>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  $12.7 million
                 </a>
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <span style="text-decoration:underline">
                  Word of the Day
                 </span>
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Today’s Word of the Day is: hotelier, meaning “a proprietor or manager of a hotel.” Thanks to Joanna from Boston for the hospitable suggestion. Submit another Word of the Day
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  here
                 </a>
                 .
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      <!-- DISCLAIMER -->
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             <p style="margin-top:0;margin-bottom:15px;font-size:16px;line-height:10px">
              <strong style="color:#000">
               ✷ A Note From State Street Investment Management
              </strong>
             </p>
             <span style="font-size:16px">
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               <strong style="color:#000">
                *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>
               <strong style="color:#000">
                <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                 statestreet.com/im
                </a>
                . Read it carefully.
               </strong>
              </p>
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               Investing involves risk. ALPS Distributors, Inc. (fund distributor); State Street Global Advisors Funds Distributors, LLC (marketing agent).
              </p>
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               State Street Global Advisors (SSGA) is now State Street Investment Management. Please click
               <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                here
               </a>
               for more information.
              </p>
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