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May 23, 2024
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Good morning.
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So it begins: Today kicks off the annual Memorial Day Weekend Migration, and it seems a lot of you are hitting the lake house. An estimated 43.8 million people will likely travel at least 50 miles from home today through Monday, up 4% from last year and nearly hitting the 44m record from 2005, per AAA.
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Don’t forget to play Molly’s new favorite road trip game: Punch buggy, but for Cybertrucks.
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—Molly Liebergall, Sam Klebanov, Matty Merritt, Abby Rubenstein, Neal Freyman
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<tr>
<td align="center" class="markets-arrow-cell" style="width:12%;text-align: center; 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjM4NTE0OH0:1sA57f:er_IBmGqw3NYr8E94Ab9GwxXQSlsYSgzQ7EWkptmXcs" style="width:22%" width="20"/>
</td>
<td class="markets-ticker-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px; white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
Nasdaq
</p>
</td>
<td class="markets-value-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
16,801.54
</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="width:70%;border-collapse:collapse; margin: 0 auto;">
<tr>
<td style="padding-left: 8px; padding-right: 8px; padding-top: 10px; padding-bottom: 10px; border-radius: 8px; background-color: #FFB3B3; background-color: rgba(255, 3, 3, 0.3);" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: center;">
-0.19%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END Nasdaq -->
<!-- S&P -->
<tr>
<td class="pads10 pads6m lastline" style="border-bottom:1px solid #e6e6e6;padding-bottom:0;text-align: center; border-top: 1px solid #e6e6e6; mso-padding-alt: 0 20px 0 20px;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;" width="100%">
<tr>
<td align="center" class="markets-arrow-cell" style="width:12%;text-align: center; 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjM4NjIzMn0:1sA57f:OuCHBWHKSqKup52Bfj7tl5VJ2ltePyRfrR6Kask7tMI" style="width:22%" width="20"/>
</td>
<td class="markets-ticker-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px; white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
S&P
</p>
</td>
<td class="markets-value-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
5,307.01
</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="width:70%;border-collapse:collapse; margin: 0 auto;">
<tr>
<td style="padding-left: 8px; padding-right: 8px; padding-top: 10px; padding-bottom: 10px; border-radius: 8px; background-color: #FFB3B3; background-color: rgba(255, 3, 3, 0.3);" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: center;">
-0.27%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END S&P -->
<!-- Dow -->
<tr>
<td class="pads10 pads6m lastline" style="border-bottom:1px solid #e6e6e6;padding-bottom:0;text-align: center; border-top: 1px solid #e6e6e6; mso-padding-alt: 0 20px 0 20px;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;" width="100%">
<tr>
<td align="center" class="markets-arrow-cell" style="width:12%;text-align: center; 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjM4NzI3N30:1sA57f:R1uzhEvbmTCCM3L-uboY0Yt8LqJFNGvBp4X0WG2ww-4" style="width:22%" width="20"/>
</td>
<td class="markets-ticker-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px; white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
Dow
</p>
</td>
<td class="markets-value-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
39,671.04
</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="width:70%;border-collapse:collapse; margin: 0 auto;">
<tr>
<td style="padding-left: 8px; padding-right: 8px; padding-top: 10px; padding-bottom: 10px; border-radius: 8px; background-color: #FFB3B3; background-color: rgba(255, 3, 3, 0.3);" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: center;">
-0.51%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END Dow -->
<!-- 10-Year -->
<tr>
<td class="pads10 pads6m lastline" style="border-bottom:1px solid #e6e6e6;padding-bottom:0;text-align: center; border-top: 1px solid #e6e6e6; mso-padding-alt: 0 20px 0 20px;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;" width="100%">
<tr>
<td align="center" class="markets-arrow-cell" style="width:12%;text-align: center; 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjM4ODI5N30:1sA57f:wI03CwI7f-hLacUuKqMO6FKSY_VJtd2cXQbAZ2AlvWA" style="width:22%" width="20"/>
</td>
<td class="markets-ticker-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px; white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
10-Year
</p>
</td>
<td class="markets-value-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
4.434%
</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="width:70%;border-collapse:collapse; margin: 0 auto;">
<tr>
<td style="padding-left: 8px; padding-right: 8px; padding-top: 10px; padding-bottom: 10px; border-radius: 8px; background-color: #BEF2BA; background-color: rgba(40, 211, 26, 0.3);" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: center;">
+2.0 bps
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END 10-Year -->
<!-- Bitcoin -->
<tr>
<td class="pads10 pads6m lastline" style="border-bottom:1px solid #e6e6e6;padding-bottom:0;text-align: center; border-top: 1px solid #e6e6e6; mso-padding-alt: 0 20px 0 20px;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;" width="100%">
<tr>
<td align="center" class="markets-arrow-cell" style="width:12%;text-align: center; 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjM4OTMzfQ:1sA57f:CFT9N6IWa5CAx_jg6EQkm6a0AwEWBH1VEZXfjmKzkhY" style="width:22%" width="20"/>
</td>
<td class="markets-ticker-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px; white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
Bitcoin
</p>
</td>
<td class="markets-value-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
$69,329.81
</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="width:70%;border-collapse:collapse; margin: 0 auto;">
<tr>
<td style="padding-left: 8px; padding-right: 8px; padding-top: 10px; padding-bottom: 10px; border-radius: 8px; background-color: #FFB3B3; background-color: rgba(255, 3, 3, 0.3);" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: center;">
-0.83%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END Bitcoin -->
<!-- Nvidia -->
<tr>
<td class="pads10 pads6m lastline" style="border-bottom:1px solid #e6e6e6;padding-bottom:0;text-align: center; border-top: 1px solid #e6e6e6; mso-padding-alt: 0 20px 0 20px;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;" width="100%">
<tr>
<td align="center" class="markets-arrow-cell" style="width:12%;text-align: center; 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjM5MDM2Mn0:1sA57f:zgmBOjHWtp1zJ_FkDt8hPDmuUowI4mtFwXkOLcLt2m4" style="width:22%" width="20"/>
</td>
<td class="markets-ticker-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px; white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
Nvidia
</p>
</td>
<td class="markets-value-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
$1,007.00
</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="width:70%;border-collapse:collapse; margin: 0 auto;">
<tr>
<td style="padding-left: 8px; padding-right: 8px; padding-top: 10px; padding-bottom: 10px; border-radius: 8px; background-color: #BEF2BA; background-color: rgba(40, 211, 26, 0.3);" valign="middle">
<p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: center;">
AH +6.06%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END Nvidia -->
<!-- START REGULAR TEXT -->
<tr>
<td style="padding: 3px 15px 10px 15px">
<table border="0" cellpadding="0" cellspacing="0" style="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 class="" 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjM5MTQ4NX0:1sA57f:-qRgChgSKMkDp3dgkPO0EneKlDInZqz_mGBj9eSylbk" style="height: 16px; display:inline; vertical-align:middle"/>
</a>
</td>
</tr>
</table>
<p style="line-height:22px;margin-top:0;margin-bottom:15px;padding: 0; margin: 0; text-align: left; font-size: 13px;">
*Stock data as of market close, cryptocurrency data as of 3:00am ET.
<a class="link-sm" rel="noopener" style="border-bottom:1px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
Here's what these numbers mean.
</a>
</p>
</td>
</tr>
<!-- END REGULAR TEXT -->
<tr>
<td style="padding: 0px 15px; mso-padding-alt: 0px 15px 15px 15px;">
<ul style="margin-top:0;padding-left:30px">
<li style="line-height:22px;margin-bottom:10px">
<span>
<strong style="color:#000">
Markets:
</strong>
</span>
<span>
The news that “various participants” at the last Fed meeting said they’d be open to raising rates if inflation doesn’t let up sent stocks
</span>
<span>
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
plunging
</a>
</span>
<span>
like they were riding the Tower of Terror yesterday, giving the Dow its worst day this month. But things might be looking up: AI chipmaker Nvidia soared after-hours after reporting earnings that beat Wall Street’s sky-high expectations.
</span>
</li>
</ul>
<div style="display:none;">
</div>
</td>
</tr>
<tr>
<td style="padding: 0px 20px; mso-padding-alt: 0px 20px 15px 20px;">
</td>
</tr>
</table>
</th>
</tr>
</table>
<!--[if !mso ]><! -- -->
</div>
</div>
<!-- <![endif]-->
<!-- END MARKETS -->
<!-- ARTICLE -->
<!--[if !mso ]><! -- -->
<div class="c6" style="margin-bottom:7px">
<!-- <![endif]-->
<table border="0" cellpadding="0" cellspacing="0" class="story-card-table outer" style="border-collapse:collapse;border-collapse: collapse;" width="100%">
<tr>
<td class="card" style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#333;display:block;background-color:#fff;border-radius:15px;border:1px solid #e6e6e6;border-collapse:collapse;box-shadow:none;margin-bottom:0px;">
<table border="0" cellpadding="0" cellspacing="0" class="story-card-table" style="border-collapse:collapse" width="100%">
<tr>
<td class="tag-title" style="padding: 15px">
<h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
ECONOMY
</h3>
<h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
<a style="color:#000000!important;text-decoration:none;border-bottom:none!important;" target="_blank">
<font color="#000">
Most of America thinks we’re in a recession (we’re not)
</font>
</a>
</h1>
</td>
</tr>
</table>
<a style="text-decoration:none;border:none;" target="_blank">
<!--[if mso]>
<img alt="Taylor Swift in ‘You Need to Calm Down’ music video" style="display: block; width: 100%; max-width: 670px;" width="670" height=447 src="https://storage.morningbrew.com/gif/2024-05-22/image-ce59de3975d49ec1a835652bad8f2f7df0e04efd-420x280-gif/MBD_Editorial_TaylorSwift_FS_052224.gif">
<![endif]-->
<!--[if !mso]>-->
<!-- -->
<img alt="Taylor Swift in ‘You Need to Calm Down’ music video" class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fstorage.morningbrew.com%252Fgif%252F2024-05-22%252Fimage-ce59de3975d49ec1a835652bad8f2f7df0e04efd-420x280-gif%252FMBD_Editorial_TaylorSwift_FS_052224.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdG9yYWdlLm1vciIsInRpbWUiOjE3MTY0NTc5NTEuNjM5MzEzfQ:1sA57f:oqhEu4qLeQdzD-7mHUb-hyalGUiiUIb0k6lg07Z3oE8" style="display: block; width: 100%; max-width: 670px;" width="670"/>
<!--<![endif]-->
</a>
<span class="source" style="display:inline-block;padding-left:10px;margin-top:5px;margin-bottom:0px;line-height:14px">
<small>
<em>
Taylor Swift via YouTube
</em>
</small>
</span>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
<tr>
<td class="story-content" style="padding:15px">
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
You’d need to be an Olympic long jumper to bridge the gap between how well the public
<em>
thinks
</em>
the economy is doing and how well the economy is
<em>
actually
</em>
doing, according to a new Harris poll
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
published
</a>
yesterday by the Guardian.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
Among the 2,000+ participants in the survey:
</p>
<ul style="margin-top:0;padding-left:30px">
<li style="line-height:22px;margin-bottom:10px">
<span>
56% think the US is currently experiencing a recession, and 55% believe the economy is shrinking. (GDP—a key measure of economic activity—is growing.)
</span>
</li>
<li style="line-height:22px;margin-bottom:10px">
<span>
72% believe inflation is going up. (It’s more than halved from a 2022 peak of 9.1% and is hovering between 3% and 4%.)
</span>
</li>
<li style="line-height:22px;margin-bottom:10px">
<span>
49% think the current unemployment rate is at a 50-year high. (It’s near a 50-year low.)
</span>
</li>
<li style="line-height:22px;margin-bottom:10px">
<span>
49% believe the S&P 500 is on the decline. (It’s risen more than 12% this year, and Wall Street is
</span>
<span>
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
raising its expectations
</a>
</span>
<span>
for the index’s year-end performance. The Dow also just made
</span>
<span>
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
record gains
</a>
</span>
<span>
.)
</span>
</li>
</ul>
<h2 style="font-family:Helvetica, Arial, sans-serif;font-size:19px;font-weight:700;color:#000;margin-top:0;margin-bottom:15px;margin-right:0;margin-left:0">
Why is reality missing so many Americans?
</h2>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
Even though inflation is finally
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
easing
</a>
, the average cost of groceries, housing, and other consumer needs has soared over the past few years. About two-thirds of the Harris poll respondents agreed that “it’s difficult to be happy about positive economic news when I feel financially squeezed each month.”
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<strong style="color:#000">
But also…
</strong>
analysts only recently hit Command-Z on widespread predictions of an impending crash: While 9 in 10 business economists now
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
see a soft landing
</a>
coming, according to the National Association for Business Economics, back in October 2022, Bloomberg Economics
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
forecast
</a>
a 100% chance of a recession by the following fall.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
Media coverage likely also shares the blame. Recent studies show that news coverage is becoming
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
increasingly negative
</a>
, especially regarding
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
gas prices
</a>
, a common harbinger of economic panic.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<strong style="color:#000">
Here’s why that’s bad news for Joe Biden.
</strong>
58% of the poll’s participants blame the current administration for what they see as a worsening economy. Convincing them otherwise will be a challenge, especially since more than 60% of people surveyed said they’re skeptical of economic news. Test your own economic perceptions against reality with this
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
quiz
</a>
from the Guardian.
<em>
—ML
</em>
</p>
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<h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
PRESENTED BY CUTS
</h3>
<h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
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<font color="#000">
<strong>
Weather’s hot, wardrobe’s hotter
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Ffire_1f525.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3MTY0NTc5NTEuNjM5ODMyfQ:1sA57f:s5-U09jhkIMEfy5n_wqlnwOqNcJEEGNLhAvkxTBLKP8" style="max-width:18px" width="18"/>
</strong>
</font>
</a>
</h1>
</td>
</tr>
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<a style="text-decoration:none;border:none;" target="_blank">
<img alt="Cuts" class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6d8c790a420de2c73e98db86b4cf9a3e1adb9a6a-1000x750.jpg%253Fw%253D668%2526q%253D90%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQwMDAwM30:1sA57f:_0VO8_bozDLAVdWU_B-g3mGKGaGuJE4FEnWM3ifzuV4" style="display: block; width: 100%; max-width: 670px;" width="670"/>
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<p style="line-height:22px;margin-top:0;margin-bottom:15px">
It’s warmin’ up out there, and you know what that means. It’s time to dust off your summer styles. Or better yet, refresh those summer ’fits with
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
Cuts
</a>
.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
Perfect timing, too, because their
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
25% off sitewide Memorial Day sale
</a>
is happening right now.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
Browse styles fit for the office, traveling, lounging—you name it. Shop bestsellers, new releases, and enjoy Cuts’ quality guarantee with all products.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
It’s gonna be a stylin’ summer.
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
Find a ’fit that’s fit for you
</a>
.
</p>
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<h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
WORLD
</h3>
<h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
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Tour de headlines
</font>
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</h1>
</td>
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</table>
<img alt="Nvidia CEO Jensen Huang smiling while presenting chips" class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F31db9547165a6598a7a66957703c42e785526f5d-1024x694.jpg%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQwMTQxN30:1sA57f:ZmrIYf3gGimi654gCS2gdrQykGuaNPXUnk8d4UMKR8o" style="display: block; width: 100%; max-width: 670px;" width="670"/>
<span class="source" style="display:inline-block;padding-left:10px;margin-top:5px;margin-bottom:0px;line-height:14px">
<small>
<em>
JOSH EDELSON/AFP via Getty Images
</em>
</small>
</span>
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<td class="story-content" style="padding:15px">
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fmoney-bag_1f4b0.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQwMjkyNH0:1sA57f:Q37vgSUpzbIrAmKbuGv5maJ2J_-TFwDSXfqnSU8o7yY" style="max-width:18px" width="18"/>
<strong style="color:#000">
Nvidia sales rose 262% as AI keeps booming.
</strong>
The company whose chips are powering the AI revolution saw an
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
even bigger
</a>
jump in sales last quarter than analysts had expected: to $26 billion. That’s a good sign for the future of AI and probably for the entire stock market, on which Nvidia has an outsized influence. CEO Jensen Huang declared “the next industrial revolution has begun,” as Nvidia predicted $28 billion in sales this quarter. The company also announced plans to split its stock 10-for-1 next month.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fflag-for-palestinian-territories_1f1f5-1f1f8.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQwMzk2Nn0:1sA57f:U2WiF2dTLz-OatEz_WQnE2sfTxNF6WW1zMdSndsh3FU" style="max-width:18px" width="18"/>
<strong style="color:#000">
Spain, Norway, and Ireland will recognize a Palestinian state.
</strong>
The three European countries
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
announced
</a>
the largely symbolic diplomatic moves yesterday as Israel continues to fight in Gaza, saying they hoped to help bring about a two-state solution. Israel recalled its ambassadors from the countries in response, and Prime Minister Netanyahu called the recognition “a reward for terrorism.” The US also opposed the decisions, with the White House saying the president “believes a Palestinian state should be realized through direct negotiations between the parties, not through unilateral recognition.”
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fhouse-building_1f3e0.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQwNDkzNn0:1sA57f:D4bXcUNA_u10nsyT7KHNXYFFfcjkp8g7iScGSQOeDrs" style="max-width:18px" width="18"/>
<strong style="color:#000">
Home sales unexpectedly fell last month.
</strong>
People aren’t
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
buying houses
</a>
, and it’s not because they’re splurging on too much avocado toast. High interest rates coupled with high home prices led existing home sales to drop 1.9% in April from March. The sluggish sales during the usually busy homebuying season come as the median price of a previously owned home rose 5.7% from last year to $407,600, according to the National Association of Realtors. Although it was the second consecutive monthly decline, analysts weren’t expecting it.
</p>
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<h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
MEDIA
</h3>
<h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
<a style="color:#000000!important;text-decoration:none;border-bottom:none!important;" target="_blank">
<font color="#000">
Vivek wants to make BuzzFeed great again
</font>
</a>
</h1>
</td>
</tr>
</table>
<a style="text-decoration:none;border:none;" target="_blank">
<img alt="Vivek Ramaswamy" class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F2eddec6debe8ef22c2e8724f91b10bf6c3243769-1500x1000.jpg%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQwNjUzfQ:1sA57f:2bamxhzLFjUEJhs1pwi8uGjZVT69kr_G1RWZBnVGmf4" style="display: block; width: 100%; max-width: 670px;" width="670"/>
</a>
<span class="source" style="display:inline-block;padding-left:10px;margin-top:5px;margin-bottom:0px;line-height:14px">
<small>
<em>
Getty Images
</em>
</small>
</span>
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<p style="line-height:22px;margin-top:0;margin-bottom:15px">
The company that determined your love language based on your McDonald’s order is now partially owned by former Republican presidential candidate Vivek Ramaswamy. The MAGA-aligned entrepreneur
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
recently bought
</a>
a 7.7% stake in BuzzFeed, a regulatory filing revealed yesterday.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
Ramaswamy plans to be an activist investor and push BuzzFeed’s board to enact “a shift in the company’s strategy.” It likely won’t be an ESG pivot: Even before becoming a politician, Ramaswamy criticized companies that embrace progressive politics, a phenomenon he decries as the “
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
woke-industrial complex
</a>
.”
</p>
<h2 style="font-family:Helvetica, Arial, sans-serif;font-size:19px;font-weight:700;color:#000;margin-top:0;margin-bottom:15px;margin-right:0;margin-left:0">
Buying low
</h2>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
BuzzFeed’s stock initially popped 82% on the news but is still down more than 90% from its 2021 IPO. After dominating feeds with listicles and clickbaity headlines in the 2010s, the company struggled to reel in traffic after Facebook’s algorithm deprioritized news.
</p>
<ul style="margin-top:0;padding-left:30px">
<li style="line-height:22px;margin-bottom:10px">
<span>
The company
</span>
<span>
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
laid off 15%
</a>
</span>
<span>
of its staff last spring, including its Pulitzer Prize-winning news division, which had failed to turn a profit.
</span>
</li>
<li style="line-height:22px;margin-bottom:10px">
<span>
This year, it sold its pop culture unit, Complex,
</span>
<span>
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
at a $191 million loss
</a>
</span>
<span>
and slashed its workforce by another 16%.
</span>
</li>
</ul>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
Lately, BuzzFeed has prioritized
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
AI-generated
</a>
entertainment content.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<strong style="color:#000">
Non-activist investor…
</strong>
Independent presidential candidate RFK Jr. recently bought $24,000 of GameStop stock in a
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
symbolic display
</a>
of support for the “Ape retail rebellion.”
<em>
—SK
</em>
</p>
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<td class="tag-title" style="padding: 15px">
<h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
TOGETHER WITH TUBI
</h3>
</td>
</tr>
</table>
<a style="text-decoration:none;border:none;" target="_blank">
<img alt="Tubi" class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F85c382722c227c2c1edf0f3c8dade5d859c08e5f-1000x750.jpg%253Fw%253D668%2526q%253D90%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQxMjY0Mn0:1sA57f:vL6OPa-R9QUeq2q1OR5AraHvFjt8vR9UYkHBbmKgGGM" style="display: block; width: 100%; max-width: 670px;" width="670"/>
</a>
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<tr>
<td class="story-content" style="padding:15px">
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<strong style="color:#000">
Reach the masses
<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQxNDI4N30:1sA57f:osYX3OGx1EOKV9rlEk2u_ZbGrrr3j8mrKgyZb4E-MgA" style="max-width:18px" width="18"/>
.
</strong>
Looking to get your brand noticed on a massive scale? Tubi can help. Choose the streaming service that reaches
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
one in four US TV households
</a>
—that’s 75m folks. That’s more popular than pickleball! It’s safe to say that no one has more die-hard fans than Tubi.
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
See you in there
</a>
.
</p>
</td>
</tr>
</table>
</td>
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<tr>
<td class="card" style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#333;display:block;background-color:#fff;border-radius:15px;border:1px solid #e6e6e6;border-collapse:collapse;box-shadow:none;margin-bottom:0px;">
<table border="0" cellpadding="0" cellspacing="0" class="story-card-table" style="border-collapse:collapse" width="100%">
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<h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
REAL ESTATE
</h3>
<h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
<a style="color:#000000!important;text-decoration:none;border-bottom:none!important;" target="_blank">
<font color="#000">
Graceland foreclosure sale paused
</font>
</a>
</h1>
</td>
</tr>
</table>
<a style="text-decoration:none;border:none;" target="_blank">
<img alt="Graceland mansion with tourists out front." class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fb0a9f60ee06dc07486b071a6ac9489dd92ccc989-1500x1000.jpg%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQxNTg5Mn0:1sA57f:oNuzzFuwelJpARSOWU49FQtHQbmIoGYldSQe3NmLziw" style="display: block; width: 100%; max-width: 670px;" width="670"/>
</a>
<span class="source" style="display:inline-block;padding-left:10px;margin-top:5px;margin-bottom:0px;line-height:14px">
<small>
<em>
AFP/Getty Images
</em>
</small>
</span>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
<tr>
<td class="story-content" style="padding:15px">
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
Your chance to bid on Elvis Presley’s Jungle Room was quashed by a Tennessee judge yesterday. As part of a fraud suit lodged by Elvis’s granddaughter Riley Keough, the judge
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
blocked
</a>
a foreclosure sale planned for Graceland that was scheduled for today. After that ruling, someone appearing to represent the creditor at the center of the legal drama told the AP it would drop its claim to the estate.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<strong style="color:#000">
Who owns Graceland?
</strong>
It depends on who you ask.
</p>
<ul style="margin-top:0;padding-left:30px">
<li style="line-height:22px;margin-bottom:10px">
<span>
After the iconic property’s sole proprietor, Elvis’s daughter, Lisa Marie Presley, died in 2023, a
</span>
<span>
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
messy legal battle
</a>
</span>
<span>
ensued between her daughter Keough and her mother, Priscilla Presley. The two settled, and Priscilla received a lump sum while Keough remained the sole trustee of Graceland.
</span>
</li>
<li style="line-height:22px;margin-bottom:10px">
<span>
Once Keough took control of the estate, Naussany Investments and Private Lending claimed Lisa Marie had failed to repay a $3.8 million loan from the company and had used the property as collateral. Keough and her lawyers called malarkey.
</span>
</li>
</ul>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<strong style="color:#000">
One of the red flags:
</strong>
In a signed affidavit, Kimberly Philbrick, who supposedly notarized the loan documents, said she’d never even met Lisa Marie Presley, let alone notarized her signature.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<strong style="color:#000">
Big picture:
</strong>
The estate itself is worth about $5.6 million and brought in nearly $80 million in 2022 as a popular tourist destination.
<em>
—MM
</em>
</p>
<!-- SOCIAL LINKS -->
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
<tr>
<td style="padding-top: 12px;">
<a rel="noopener" style="text-decoration: none" target="_blank">
<img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fcab2ac077d288f7ba1df3571cb0ec28ce8f32b86-357x357.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQxNzQzMn0:1sA57f:h6sEqwxMTsWbF_dNyriX8KiPD1KF7TDrEtabqu9_X4E" style="display: inline-block; width: 25px" width="25"/>
</a>
<span>
</span>
<a rel="noopener" style="text-decoration: none" target="_blank">
<img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fea53a551202a4963e49199a40daf05b487846624-357x357.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQxOTI1fQ:1sA57f:01PsfIyiH3z7ylLHojG1_hThtAZVBUV6MegcxB-7K7A" style="display: inline-block; width: 25px" width="25"/>
</a>
<span>
</span>
<a rel="noopener" style="text-decoration: none" target="_blank">
<img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F774271f5d2278014f1af0759475660e1761384eb-357x357.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQyMDc4Mn0:1sA57f:-vnBBxa_FBW9H4gwv8GVlSL8GiHQ7zIV1R5XZx521Rs" style="display: inline-block; width: 25px" width="25"/>
</a>
</td>
</tr>
</table>
<!-- END SOCIAL LINKS -->
</td>
</tr>
</table>
</td>
</tr>
</table>
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<table border="0" cellpadding="0" cellspacing="0" class="story-card-table outer" style="border-collapse:collapse;border-collapse: collapse;" width="100%">
<tr>
<td class="card" style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#333;display:block;background-color:#fff;border-radius:15px;border:1px solid #e6e6e6;border-collapse:collapse;box-shadow:none;margin-bottom:0px;">
<table border="0" cellpadding="0" cellspacing="0" class="story-card-table" style="border-collapse:collapse" width="100%">
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<td class="tag-title" style="padding: 15px">
<h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
GRAB BAG
</h3>
<h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
<a style="color:#000000!important;text-decoration:none;border-bottom:none!important;" target="_blank">
<font color="#000">
Key performance indicators
</font>
</a>
</h1>
</td>
</tr>
</table>
<img alt="Citi's UK office" class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F7de0b48c75787fc976b8457ab2d2e457bf2de77f-5000x3160.jpg%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQyMjEyMn0:1sA57f:p3De_UVum0We4_hX6k5w3uPPbJYbXIbUKuNplV6c6W4" style="display: block; width: 100%; max-width: 670px;" width="670"/>
<span class="source" style="display:inline-block;padding-left:10px;margin-top:5px;margin-bottom:0px;line-height:14px">
<small>
<em>
SOPA Images/Getty Images
</em>
</small>
</span>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
<tr>
<td class="story-content" style="padding:15px">
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<strong style="color:#000">
Stat:
</strong>
We’ve all made an embarrassing typo at work. But while we’re over here blushing about our your/you’re slip-up, Citi just agreed to pay £61.6 million ($79 million) in
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
fines
</a>
to UK regulators over a trader’s mistyped share sale order that caused a flash crash in European markets in 2022. The trader meant to sell $58 million worth of shares, but accidentally punched in an order to sell $444
<em>
</em>
billion worth. Citi’s system blocked a good chunk of the order but $189 billion worth made it through, causing $1.4 billion in erroneous sales before the trader canceled the order, spurring a brief sell-off across Europe.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<strong style="color:#000">
Quote:
</strong>
“The residents of New Haven know the country’s best pizza is just a short train ride away and this claim is just a cheesy stunt.”
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
Congrats to New Haven for rising above its usual sobriquet “that place where Yale is” and getting itself officially declared the “Pizza Capital” of the US by Congress yesterday. But, not content to share the slice spotlight with its little brother to the North, NYC
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
responded
</a>
with a Bronx cheer as a rep for the city told the New Haven Register, “New York City is the premiere destination for pizza. Period.” Meanwhile, the Big Apple’s longstanding pizza rival Chicago, showed off its Midwestern niceness by welcoming the home of apizza into the fold. Its tourism marketing agency said, “We believe variety is the spice of life,” and that there’s even room for Detroit-style.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<strong style="color:#000">
Read:
</strong>
The world’s revolt against bad tourists. (
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
BBC
</a>
)
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
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<tr>
<td class="card" style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#333;display:block;background-color:#fff;border-radius:15px;border:1px solid #e6e6e6;border-collapse:collapse;box-shadow:none;margin-bottom:0px;">
<table border="0" cellpadding="0" cellspacing="0" class="story-card-table" style="border-collapse:collapse" width="100%">
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<td class="tag-title" style="padding: 15px">
<h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
NEWS
</h3>
<h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
<a style="color:#000000!important;text-decoration:none;border-bottom:none!important;" target="_blank">
<font color="#000">
What else is brewing
</font>
</a>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
<tr>
<td class="card-content" style="padding-right:15px;padding-bottom:15px;padding-left:15px;padding-top:0px">
<ul style="margin-top:0;padding-left:30px">
<li style="line-height:22px;margin-bottom:10px">
<span>
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
The Department of Justice
</a>
</span>
<span>
is expected to file an antitrust lawsuit against Live Nation today, at least in part over the dominance of Ticketmaster.
</span>
</li>
<li style="line-height:22px;margin-bottom:10px">
<span>
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
UK Prime Minister Rishi Sunak
</a>
</span>
<span>
set a national general election for July 4 to determine who will rule the country. It’ll be the UK’s first such election for Parliament in five years, and Sunak’s Conservative Party looks poised to lose.
</span>
</li>
<li style="line-height:22px;margin-bottom:10px">
<span>
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
Families
</a>
</span>
<span>
of children and teachers killed or injured in the shooting at Robb Elementary School in Uvalde, TX, have reached a $2 million settlement with the city, but they are suing 92 officers from the Texas Department of Public Safety, the school district, and individual employees.
</span>
</li>
<li style="line-height:22px;margin-bottom:10px">
<span>
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
OpenAI
</a>
</span>
<span>
made a content licensing deal with News Corp. valued at $250 million to use the news publisher’s content to improve ChatGPT.
</span>
</li>
<li style="line-height:22px;margin-bottom:10px">
<span>
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
The Biden administration
</a>
</span>
<span>
said it had canceled an additional $7.7 billion in student loans for 160,000 Americans as it works to chip away at the problem after the Supreme Court tossed its larger student debt forgiveness program.
</span>
</li>
<li style="line-height:22px;margin-bottom:10px">
<span>
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
More Americans
</a>
</span>
<span>
report using marijuana daily than drinking alcohol daily for the first time as recreational weed becomes legal in more states, according to a new study.
</span>
</li>
</ul>
</td>
</tr>
</table>
</td>
</tr>
</table>
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<tr>
<td class="card" style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#333;display:block;background-color:#fff;border-radius:15px;border:1px solid #e6e6e6;border-collapse:collapse;box-shadow:none;margin-bottom:0px;">
<table border="0" cellpadding="0" cellspacing="0" class="story-card-table" style="border-collapse:collapse" width="100%">
<tr>
<td class="tag-title" style="padding: 15px">
<h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
RECS
</h3>
</td>
</tr>
</table>
<img alt="To do list Thursday" class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F4856751cdc557e9ccdafd8d6034e2b3934e4841a-1500x375.png%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQyMzM4OH0:1sA57f:WYnhbhzJ9X5FtF9XXqizzK_H9NdtA2inzA0V3EAKnzo" style="display: block; width: 100%; max-width: 670px;" width="670"/>
<span class="source" style="display:inline-block;padding-left:10px;margin-top:5px;margin-bottom:0px;line-height:14px">
<small>
<em>
</em>
</small>
</span>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
<tr>
<td class="story-content" style="padding:15px">
<div>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQyNTY3NH0:1sA57f:RsAjLyc5UKnjXz8xBooBG-yZTLkvETBpm9Y1wVU7gZY" style="max-width:18px" width="18"/>
<strong style="color:#000">
Watch:
</strong>
How one pastel stick-maker creates
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
so many colors
</a>
.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQyNzA2NH0:1sA57f:7fxNAdQnHm5MWntbcGdnjYvbTe5JBOh_R7uX_Me8Y_Y" style="max-width:18px" width="18"/>
<strong style="color:#000">
Learn:
</strong>
What
<em>
Vanderpump Rules
</em>
can teach us about the
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
financial woes
</a>
of reality stars.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQyODM2Nn0:1sA57f:VdhF-MG09UKaZtt5TfzSBqIaCGHzpLOkRQSSnLJxmqs" style="max-width:18px" width="18"/>
<strong style="color:#000">
Listen:
</strong>
Apple Music released its list of the
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
100 best
</a>
music albums.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQyOTU4Nn0:1sA57f:FglwOFS6VvcHFy8SZGcDKW3NFbwOmJ4NKyOlLdS0sIo" style="max-width:18px" width="18"/>
<strong style="color:#000">
Not ready for prime time:
</strong>
Take it from us—curating news stories is hard. Grok might
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
need some help
</a>
.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQzMDY4fQ:1sA57f:Fya3amQ7cXnpFrADDbfkkP5QwnDgCoLrnB8XivGWspM" style="max-width:18px" width="18"/>
<strong style="color:#000">
Shop:
</strong>
Get the
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
Morning Brew Starter Pack
</a>
—our classic hoodie, water bottle, and dad hat—for 40% off when you buy the bundle.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<strong style="color:#000">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3MTY0NTc5NTEuNjQzMjEwMn0:1sA57f:C89m3ouEUJxkr96uFJcrztyRS3c_EhE6a39yIaRZ5t8" style="max-width:18px" width="18"/>
Intensify arousal:
</strong>
Savor each pulse with this doc-designed external labia vibrator. It’s adjustable to
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
hug your unique contours
</a>
, and each pulse brings you closer to paradise.
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
Get 30% off
</a>
.*
</p>
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</placementslot>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
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<em>
*A message from our sponsor.
</em>
</sup>
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<td class="tag-title" style="padding: 15px">
<h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
GAMES
</h3>
<h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
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The puzzle section
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<td class="card-content" style="padding-right:15px;padding-bottom:15px;padding-left:15px;padding-top:0px">
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<strong style="color:#000">
Brew Mini:
</strong>
We’ve got a word chain, folks! Find out what it is
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
here
</a>
.
</p>
<h2 style="font-family:Helvetica, Arial, sans-serif;font-size:19px;font-weight:700;color:#000;margin-top:0;margin-bottom:15px;margin-right:0;margin-left:0">
Three Headlines and a Lie
</h2>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
Three of these headlines are real and one is faker than the tomato garden you swore you’d plant this year. Can you spot the odd one out?
</p>
<ol>
<li style="line-height:22px;margin-bottom:10px">
<span>
New Zealand man
</span>
<span>
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
filmed
</a>
</span>
<span>
trying to “body slam” an orca in actions described as “idiotic”
</span>
</li>
<li style="line-height:22px;margin-bottom:10px">
<span>
Leading US psychiatric association moves to classify
</span>
<span>
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
writing
</a>
</span>
<span>
notes app poetry as a form of therapy
</span>
</li>
<li style="line-height:22px;margin-bottom:10px">
<span>
Dalai Lama allegedly
</span>
<span>
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
pointed
</a>
</span>
<span>
at “fat” cameraman and told him to “go on a diet”
</span>
</li>
<li style="line-height:22px;margin-bottom:10px">
<span>
PetSmart
</span>
<span>
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
searches
</a>
</span>
<span>
for next “Chief Toy Tester” offering $20,000 to the new team members
</span>
</li>
</ol>
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SHARE THE BREW
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<p style="line-height:22px;margin-top:0;margin-bottom:15px;margin-bottom:15px;line-height:22px;">
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333;border-bottom-width:2px;border-bottom-style:solid;border-bottom-color:#1c7ff2;text-decoration:none;color:#252525;" target="_blank">
Share Morning Brew
</a>
with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag.
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We’re saying we’ll give you free stuff and more friends if you share a link. One link.
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<b>
Your referral count:
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0
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Click to Share
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Or copy & paste your referral link to others:
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morningbrew.com/daily/r/?kid=979c4554
</a>
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<h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
ANSWER
</h3>
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<p style="line-height:22px;margin-top:0;margin-bottom:15px">
We made up the notes app poetry one.
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
<span style="text-decoration:underline">
Word of the Day
</span>
</p>
<p style="line-height:22px;margin-top:0;margin-bottom:15px">
Today’s Word of the Day is: sobriquet, meaning “a nickname.” Thanks to Jaci Gerard from Tucson, AZ, and several other readers who sent the suggestion under their real names (we think). Submit another
<a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
Word of the Day here
</a>
.
</p>
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