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   Daily Brew // Morning Brew // Update
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     Americans are souring on capitalism...
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             September 09, 2025
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               Morning, sunshine.
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              If we all agree to pretend that yesterday never happened, this can be a four-day week, too.
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               —Matty Merritt, Abby Rubenstein, Dave Lozo, Neal Freyman
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              <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
               MARKETS
              </h3>
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             <td class="pad5m">
             </td>
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            <!-- Nasdaq -->
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                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc4MjQ1Mn0:1uvv0w:yHx6HVhzRa6BIGuNsa4287Wo8o2LojvCsQakmUDanGA" 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">
                  Nasdaq
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  21,798.70
                 </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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                   <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">
                     +0.45%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Nasdaq -->
            <!-- S&P -->
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              <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc4MzQxfQ:1uvv0w:3u0MTjT1LriZ2UYmMxXpd03f4vKZRUJp8E2u9BsiVME" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  S&amp;P
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  6,495.15
                 </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">
                     +0.21%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END S&P -->
            <!-- Dow -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc4NDM2NH0:1uvv0w:wEfKHv55q855fteCin1nuHgIcqDUK34uS7HCf1vbV7Y" 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">
                  45,514.95
                 </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">
                     +0.25%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Dow -->
            <!-- 10-Year -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc4NTMyfQ:1uvv0w:AfSAAKY3QS8cTLdNafJ_TI5xX25xtmPdEiW0ALeHg_8" 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">
                  4.046%
                 </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">
                     -4.0 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc4NjI2NH0:1uvv0w:qCW9rsRwY2bRqDviKFjPL_MoCnqBCBRxL0Hy9AcZrhQ" 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">
                  $112,338.02
                 </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">
                     +1.08%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Bitcoin -->
            <!-- Robinhood -->
            <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc4NzE5MX0:1uvv0w:PdZM0ekf4W2Y76e6TBk9u9zGNb0OGVgFqAXY-gjGWJQ" 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">
                  Robinhood
                 </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">
                  $117.28
                 </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">
                     +15.83%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Robinhood -->
            <!-- START REGULAR TEXT -->
            <tr>
             <td style="padding:3px 15px 10px">
              <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse;font-size:13px">
               <tr>
                <td style="padding-right:4px">
                 Data is provided by
                </td>
                <td style="margin:0;padding-right:5px">
                 <a style="display:block" target="_blank">
                  <img height="16px" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F61a0dac0b53d6766459afdca784ae8fe604f17ed-720x102.png%253Fh%253D32%2526q%253D100%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc4ODE1N30:1uvv0w:lraW0euigrw3XN2f5Zw5gbNSB1eFqnG5wx0qnNNjTXQ" 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 7:00pm 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>
                 Investors chose optimism yesterday, sending the Nasdaq to a
                </span>
                <span>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  record close
                 </a>
                </span>
                <span>
                 as they await major inflation numbers later in the week, which could provide insight into the Fed’s next move.
                </span>
               </li>
               <li style="margin-bottom:10px;line-height:22px">
                <span>
                 <strong style="color:#000">
                  Stock spotlight:
                 </strong>
                </span>
                <span>
                 Just like its users hope the stocks in their portfolio will, Robinhood soared yesterday following the announcement that it will soon be
                </span>
                <span>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  included
                 </a>
                </span>
                <span>
                 in the S&amp;P 500.
                </span>
               </li>
              </ul>
              <div style="display:none">
              </div>
             </td>
            </tr>
            <tr>
             <td style="mso-padding-alt:0px 20px 15px 20px;padding:0 20px">
              <div style="background-color:#e8e8e8;margin-top:0;margin-bottom:15px;padding:15px;line-height:22px">
               <p style="margin-top:0;margin-bottom:0;line-height:22px">
                <strong style="color:#1c7ff2;font-size:16px">
                 Markets Sponsored by Pacaso
                </strong>
               </p>
               <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                <strong style="color:#000">
                 This opportunity ends Sept. 18.
                </strong>
                Join 10k+ investors, plus the VCs who backed Uber and eBay pre-IPO, by investing in Pacaso.
                <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                 Become a shareholder before the Sept. 18 close
                </a>
                .
               </p>
              </div>
             </td>
            </tr>
           </table>
          </th>
         </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" style="border-collapse:collapse" width="100%">
        <tr>
         <td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
          <div class="tag-container" style="padding:15px 15px 0">
           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            ECONOMY
           </h3>
          </div>
          <table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
           <tr>
            <td class="story-content">
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <div class="title-container" style="padding:0 15px">
               <h1 class="story-title" style="color:#000;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Americans are slowly losing faith in capitalism
                </a>
               </h1>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Eagle flying with down arrow and american flag shopping bag" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F9b47b9564cb6c634b4abfb6b6b620c75fecde83f-1500x1000.jpg%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc4OTI0Mn0:1uvv0w:c9Jgwg8dMfj5OwmF1PwZ8p5rlF9OeDaZIg3Oj9iGXeA" 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>
                  Anna Kim
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px 15px 0">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 It doesn’t matter how many episodes of
                 <em>
                  American Dad
                 </em>
                 this country has watched, capitalism’s popularity is slowly falling in the US. A new poll released by Gallup yesterday found that just
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  54% of US adults
                 </a>
                 view capitalism positively, the smallest share since the polling group started asking about the topic 15 years ago.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 In 2010, Gallup first asked the question: “Just off the top of your head, would you say you have a positive or negative image of” capitalism and socialism. At the time, ~60% of respondents said they had a positive view of capitalism. And besides a small dip in 2018, that number remained relatively steady through 2021. Meanwhile, positive views of socialism have hovered at around 39% since 2010.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  The American Dream is getting harder to sell.
                 </strong>
                 The latest survey, conducted in August, comes after a flood of recent data pointing to a
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  tight job market
                 </a>
                 , declining consumer sentiment, and a
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  growing number
                 </a>
                 of Americans who no longer believe hard work is the key to getting ahead.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 But even now, Americans are still big fans of
                 <em>
                  some
                 </em>
                 parts of capitalism:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   In the most recent poll, 95% of respondents said they supported small business, while 81% supported free enterprise.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Big business…did not fare as well. Only 37% of survey takers rated it favorably, a far cry from its peak positivity rating of 58% in 2012.
                  </span>
                 </li>
                </ul>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 It’s political
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Republicans still overwhelmingly support capitalism (74%) over socialism (14%).
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 But Democrats and Independents have waned in their support for capitalism in the last four years of the survey. This year marked the first time that a majority of Democrats rated socialism positively (66%), while just 42% viewed capitalism favorably.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Big picture:
                 </strong>
                 The survey reflects a shift among some Democratic voters—including New Yorkers who propelled Democratic-socialist Zohran Mamdani’s win in the city’s mayoral primaries. But they’re largely at odds with
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  party leaders
                 </a>
                 and more moderate Democrats, especially those on
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Wall Street
                 </a>
                 .
                 <em>
                  —MM
                 </em>
                </p>
               </td>
              </tr>
              <tr>
               <td class="social-container" style="padding-bottom:15px;padding-left:15px">
                <!-- SOCIAL LINKS -->
                <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;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%252F75fb8a70db5f5bc6b7210cdde05dfa91eeb3f0ef-96x96.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc5MDIyfQ:1uvv0w:NUzBSqOgJbmIyBW2FYnLtcaPYkW_PaIUg6pdcsGFNRw" style="width:25px;display:inline-block" 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%252Ff61048cc7cca6e313215d18ddc546bbb9f5279dd-96x96.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc5MTE4NX0:1uvv0w:UPI5bqwN7wg7Y1c-wtso0XCbx1Pu1ISwlKJRMfe4UhU" style="width:25px;display:inline-block" 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%252Fe4d40d61a934b028861fc21c8ae1f827b99638c5-96x96.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc5MjIxfQ:1uvv0w:Af5wCv4AJ2B3qCStLXWJ-vrTTt-VNsgVT1dUC5cRjJM" style="width:25px;display:inline-block" width="25"/>
                   </a>
                  </td>
                 </tr>
                </table>
                <!-- END SOCIAL LINKS -->
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
      </div>
      <!-- <![endif]-->
      <!-- END STORY ARTICLE -->
      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" class="story-container" style="border-collapse:collapse" width="100%">
        <tr>
         <td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
          <div class="tag-container" style="padding:15px 15px 0">
           <h3 style="color:#1c7ff2;text-transform:uppercase;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            Presented By Pacaso
           </h3>
          </div>
          <div class="title-container" style="padding:0 15px">
           <h1 style="color:#333;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
            <a style="text-decoration:none;color:#000!important;border-bottom:none!important" target="blank">
             <strong style="color:#000">
              Last chance for $PCSO
             </strong>
            </a>
           </h1>
          </div>
          <a style="border:none;text-decoration:none" target="_blank">
           <img alt="Pacaso" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6662d65a78476fc06a4e3a70568ccb9580d5f769-1200x800.png%253Fw%253D668%2526q%253D90%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc5MzE5Mn0:1uvv0w:KJO_Ox9t0S2gndDNL0c3Hbf4mZttWsKKkL_XhKxMpFM" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
          </a>
          <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse" width="100%">
           <tr>
            <td class="sponsored-body content-container story-content" style="padding:15px">
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Over 10k people have already invested in
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Pacaso
              </a>
              . The same firm that backed large-cap S&amp;P 500 companies has invested too. And now, everyday investors like you have the chance to join them before the opportunity ends on Sept. 18.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Created by a former Zillow exec who sold his first venture for $120m, Pacaso
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               brings co-ownership to the $1.3t vacation-home industry
              </a>
              .
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Since their inception, they’ve generated $1b+ worth of gross real estate transactions and service fees across 2k+ owners. That’s good for more than $100m in gross profit since 2021. They even reserved their Nasdaq ticker.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              But time’s running out, and the investment opportunity closes on Sept. 18.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Become a Pacaso shareholder before this offering ends
              </a>
              .
             </p>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
      </div>
      <!-- <![endif]-->
      <!-- END STORY ARTICLE -->
      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" class="story-container" style="border-collapse:collapse" width="100%">
        <tr>
         <td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
          <div class="tag-container" style="padding:15px 15px 0">
           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            WORLD
           </h3>
          </div>
          <table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
           <tr>
            <td class="story-content">
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <div class="title-container" style="padding:0 15px">
               <h1 class="story-title" style="color:#000;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Tour de headlines
                </a>
               </h1>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <img alt="A sign at a business following an immigration raid" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fce80f0e0d514b041fa60e91b474345210fa050ed-1024x683.jpg%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc5NDQyN30:1uvv0w:57-hHZw9iqhptmAFipw6qcYkkeIBL5JuXWgynKk-mVM" 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>
                  A sign at a business following an immigration raid. Sarah Reingewirtz/MediaNews Group/Los Angeles Daily News via Getty Images
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <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%252Fclassical-building_1f3db.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc5NTQyfQ:1uvv0w:aoIxt4Uo2pClLt5BTQ5NZcZfcp89_lONaxRL4KZZswk" style="max-width:18px" width="18"/>
                  Supreme Court lifts restrictions on ICE immigration raids in LA.
                 </strong>
                 In a 6–3 decision, the Supreme Court
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  overturned
                 </a>
                 a federal judge’s ruling that barred ICE from stopping people based on their race, language, job, or location while a legal case over the stops plays out. As is typical for the court’s emergency docket, the majority did not explain its decision. However, in a concurring opinion, Justice Brett Kavanaugh wrote that “apparent ethnicity alone cannot furnish reasonable suspicion,” but “it can be a ‘relevant factor’ when considered along with other salient factors.” The court’s liberal justices dissented, saying the decision infringed on constitutional freedoms and that anyone who “looks Latino, speaks Spanish, and appears to work a low wage job,” could be targeted. The underlying legal case will continue to play out in California, where ICE raids have sparked protests. The Trump administration also
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  announced
                 </a>
                 yesterday that ICE was beginning operations in Chicago.
                </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%252Fflag-for-france_1f1eb-1f1f7.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc5NjM3M30:1uvv0w:OjmArxNLiiX6LP2dOxJ4jkKIlpwL6EnkzKagLZplYzo" style="max-width:18px" width="18"/>
                 <strong style="color:#000">
                  France’s government collapsed amid fiscal pressures.
                 </strong>
                 French Prime Minister Francois Bayrou
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  lost
                 </a>
                 a confidence vote in Parliament, which will force President Emmanuel Macron to name a new premier in the country’s third change of government in just over a year. Bayrou’s ousting came after he proposed unpopular spending cuts and tax hikes to address the country’s mounting debt. Whoever comes next will still have to face the political challenge of passing a budget.
                </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%252Fhandshake_1f91d.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc5NzI3NH0:1uvv0w:XWg5teza_JNuf-UnHo2pQLGuFlH-J-iG67wxTf6ppK4" style="max-width:18px" width="18"/>
                  The Murdochs end their succession fight with Lachlan at the top of media empire.
                 </strong>
                 This time, the eldest boy won: The Murdoch family has
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  reached a deal
                 </a>
                 to end their legal battle over control of the companies owned by patriarch Rupert Murdoch. The agreement puts Lachlan Murdoch—his father’s desired successor because they share conservative political views—at the helm of a media empire that includes Fox News and the Wall Street Journal among its holdings. Meanwhile, Lachlan’s three oldest siblings, who are more liberal, will get $1.1 billion each for their shares when a family trust that gave the four eldest Murdoch siblings equal stakes is dissolved in favor of a new one.
                 <em>
                  —AR
                 </em>
                </p>
               </td>
              </tr>
             </table>
            </td>
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          </table>
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            REAL ESTATE
           </h3>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 NYC’s Airbnb crackdown turned 2. The rent is still high
                </a>
               </h1>
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               <img alt="A busy street in Soho, NYC" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F5b39db6d97e66ab3b2d775e7832e7ea4e16b68ac-1500x1000.jpg%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDc5ODI1fQ:1uvv0w:gZLpfCOq_SmahC9lY-ZEGlXix5E-YpeZytwiZ9D8io8" 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>
                  Dan/Adobe Stock
                 </em>
                </small>
               </span>
              </p>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 If you’d hoped that New York City’s crackdown on Airbnb would let you live in the Big Apple like a sitcom character with no discernible job and a giant apartment, you’ve probably been disappointed.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 In passing a law in 2023 to enforce the city’s existing ban on short-term rentals, lawmakers said it would get rid of rowdy tourists treating residential buildings like nightclubs and free up housing stock. Two years on, putting the squeeze on Airbnb has achieved the first goal, but
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  not the second
                 </a>
                 . According to the Wall Street Journal:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   A city council member said the law has reduced quality-of-life complaints related to obnoxious short-term neighbors.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   But Manhattan’s residential rental vacancy rate stood at 2.45% in July—which is near all-time low levels—while the median rent is at an all-time high of $4,700 per month.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 That could be because in 2023, there were only ~38,500 Airbnb units in the city out of 1+ million rental units overall, per the WSJ.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Meanwhile, the hotel business is booming.
                 </strong>
                 The cost of a room has leapt 7% to $283/night, and occupancy has been higher this year than in 2023 during every month except July, according to CoStar.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Zoom out:
                 </strong>
                 Other US cities have also barred short-term rentals, as have overtouristed European locales like Spain, which asked Airbnb to take down 65,000 listings in May.
                 <em>
                  —AR
                 </em>
                </p>
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            Together With Pacaso
           </h3>
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           <img alt="Pacaso" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Ff04af0dcb79a0fe3bc1d78cab8bf58b80e39f7d7-1200x800.png%253Fw%253D668%2526q%253D90%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDgwMjU0M30:1uvv0w:eV8IkC24KCYRzIT_mFfqaxm1GO2cE02gmA1tnkypXCc" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <strong style="color:#000">
               Big investors bet on this “unlisted” stock.
              </strong>
              When the former Zillow exec who sold his first company for $120m starts a new venture, people notice. The pre-IPO investors behind Uber and eBay? They already backed
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Pacaso
              </a>
              . Their tech completely revamps a $1.3t market, earning $110m+ in gross profits in under five years.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               You can join as an investor until Sept. 18
              </a>
              .
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            MEDIA
           </h3>
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                 Shock jock rocks stock: Howard Stern isn’t retiring
                </a>
               </h1>
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               <img alt="Howard Stern" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F164b75edadc3fcf6f6fd0bdd6722d967ece3e808-1500x1000.jpg%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDgwMzYwNH0:1uvv0w:5G_KLCgW2mGuF--wKuvNoW4vJTwXzhxRIb6HtFQ6PmA" 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>
                  Jason Koerner/Getty Images
                 </em>
                </small>
               </span>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Howard Stern addressed rumors of his firing from SiriusXM yesterday by pranking his morning radio audience into believing Bravo’s Andy Cohen was replacing him. But after about 10 minutes, Stern
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  took over the mic
                 </a>
                 to say he’s not leaving.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 “I’ve been thinking about retiring,” Stern said. “Now I can’t.”
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Stern has a five-year contract worth an estimated $500 million that expires at the end of this year. And the 71-year-old who pioneered having naked women on the radio said he’s “very happy” at the network and is working out a new deal. Still, the early morning stunt caused complications:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   SiriusXM’s stock was down 2% in premarket trading, but rebounded to close up 1.5%.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Cohen hosting
                  </span>
                  <span>
                   <em>
                    Andy 100
                   </em>
                  </span>
                  <span>
                   was so believable that several news outlets initially reported that Stern was out.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Radio vs. pods:
                 </strong>
                 In 2004, when Stern joined the company that would eventually become SiriusXM, he brought a name brand and a big audience. Now, Stern is working less, and SiriusXM is home to half of the top 20 podcasts in the US. Podcasts have become an important source of revenue. The company doesn’t disclose how much they bring in, but the New York Times reports that in 2024, SiriusXM made $606 million in revenue outside subscriptions, up from $475 million in 2022, with podcast ads comprising
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  most of it
                 </a>
                 .
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Stern warning:
                 </strong>
                 SiriusXM shares tumbled nearly 60% last year while revenue fell by ~3%. Subscribers are down from 35 million in 2019 to 33 million this year. A Credit Suisse analyst estimated in 2020 that if Stern left, 15% of his audience would go with him—a potential loss of 2.7 million listeners.
                 <em>
                  —DL
                 </em>
                </p>
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            STAT
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Prime number: 81% US postal traffic drop
                </a>
               </h1>
              </div>
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              <img alt="A worker moving package in a warehouse" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fb51fb84c0950263b053b7e4c7a95fe069178830b-1500x1000.jpg%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDgwNzQxNH0:1uvv0w:J1MsRAz95XWUZHCkcM8Fz-whZmQIGsJvXMuErUafG6s" 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>
                  Halfpoint/Adobe Stock
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Your decision not to impulse buy that imported Etsy tea set once low-value packages to the US started getting tariffed was felt around the world. Well, not all by itself, but
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  postal traffic
                 </a>
                 to the US did fall off precipitously last month as soon as the de minimis exception—which had allowed packages valued below $800 to enter the country without import taxes—was ended by the Trump administration, the UN’s postal organization said. According to the Universal Postal Union (UPU):
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Postal traffic to the States dropped 81% on Friday, Aug. 29, the day the exception ended, compared to the previous Friday.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Of the organization’s 192 member countries, 88 said they had suspended some or all postal services
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    to the US
                   </a>
                  </span>
                  <span>
                   until a solution to the disruptions caused by the change, which requires collecting many more duties, could be sorted out.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The UPU said it has released a tool for calculating the duties on packages to help reduce the burden on postal agencies. But since shipments with a value below the de minimis threshold comprise 90% of cargo that enters the US by volume, according to Customs and Border Protection, the
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  online shopping
                 </a>
                 landscape has shifted drastically for both buyers and sellers, and you may have fewer boxes to break down on recycling day for a while.
                 <em>
                  —AR
                 </em>
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
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            Together With New York Life
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               Retirement-ready.
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              Looking forward to retirement? The time to start saving is now, but how much do you need to save? Get a crash course on all things retirement
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               in this article
              </a>
              from New York Life. Learn how much to save, how your savings are taxed, the impact of inflation, + more.
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               Read on
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              .
             </p>
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            NEWS
           </h3>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 What else is brewing
                </a>
               </h1>
              </div>
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                <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">
                    A suggestive letter
                   </a>
                  </span>
                  <span>
                   and drawing that was purportedly signed by President Trump from a book created in 2003 to celebrate Jeffrey Epstein’s 50th birthday was released publicly yesterday by House Democrats. The president has denied writing or signing the letter and sued the Wall Street Journal for reporting on it.
                  </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">
                    SpaceX
                   </a>
                  </span>
                  <span>
                   has agreed to pay $17 billion to buy wireless spectrum and mobile satellite service spectrum licenses from EchoStar to boost Starlink’s satellite network and direct-to-phone service.
                  </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">
                    At least six Israelis
                   </a>
                  </span>
                  <span>
                   were killed by Palestinian gunmen at a Jerusalem bus stop. The attack, which was not claimed by Hamas, was the deadliest in Israel since October 2024 amid Israel’s war in Gaza and expanding settlements in the West Bank.
                  </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">
                    PNC
                   </a>
                  </span>
                  <span>
                   has inked a deal to buy Colorado-based FirstBank for $4.1 billion, expanding its presence in Colorado and Arizona as the regional bank seeks to grow.
                  </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">
                    A federal appeals court
                   </a>
                  </span>
                  <span>
                   rejected President Donald Trump’s effort to overturn a jury verdict ordering him to pay $83.3 million to writer E. Jean Carroll for defamation after she accused him of sexual assault.
                  </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">
                    Kissing bugs
                   </a>
                  </span>
                  <span>
                   may sound fun, but you’re going to want to avoid them, as the insects have been spreading potentially deadly Chagas disease in the US, according to a CDC report.
                  </span>
                 </li>
                </ul>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            RECS
           </h3>
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              <img alt="To-do list banner" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F762cbc4c673b8613a0de1bf6711a4fc25276f7a4-1350x330.png%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDgwOTM1NX0:1uvv0w:_WC67cISTZCjZNQdvNQDt5DGdIBXVf4Ms1c8VUDcvkA" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <div>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTc0MTE1MTAuMDgxMDI3M30:1uvv0w:5qqymmnLgUZ9_YgCZuPhjqPjR_XB6904qYyTrfyPFec" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Depuff:
                  </strong>
                  Yes, you stayed out late last night. No, your eyes
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   don’t have to look like it
                  </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTc0MTE1MTAuMDgxMTE5NX0:1uvv0w:zQEgMixi-OBmqtPb91YYwIWQnM1cC39DOXqhKtWl05k" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Celebrate the season:
                  </strong>
                  A ranking of
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   the best fall recipes
                  </a>
                  , featuring plenty of apple, pumpkin, and cinnamon.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTc0MTE1MTAuMDgxMjA5N30:1uvv0w:iqujqB9arJA5uw4x-B9orrnnks6LTP_Wmf1qVxzDtRQ" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Watch:
                  </strong>
                  A dense city
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   built to scale
                  </a>
                  —in
                  <em>
                   Minecraft
                  </em>
                  .
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTc0MTE1MTAuMDgxMzAxNX0:1uvv0w:xSa6ZdA1o3CHczBIsOkcNb09jyITTOsprNJN7n5zQcg" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Eat on the go:
                  </strong>
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Tips for enjoying street food
                  </a>
                  safely when you travel.
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <strong style="color:#000">
                   <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTc0MTE1MTAuMDgxMzkzNX0:1uvv0w:tYrDYcGC1_KQsHqTKM1DP32YjGmcJ1vPLrBD2lzWke4" style="max-width:18px" width="18"/>
                   Cozy ‘n’ hydrated:
                  </strong>
                  The leaves may change, but getting hydrated needs to stay the same. Enjoy LMNT’s
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   zero-sugar electrolyte
                  </a>
                  drink mix and get a
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   free sample pack with your purchase
                  </a>
                  .*
                 </p>
                 <placementslot data-id="304bcdfadf2c">
                 </placementslot>
                 <placementslot data-id="b21fdefe28be">
                 </placementslot>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <sup>
                   <em>
                    *A message from our sponsor. **This is a product recommendation from our writers. When you buy through this link, Morning Brew may earn a commission.
                   </em>
                  </sup>
                 </p>
                </div>
               </td>
              </tr>
             </table>
            </td>
           </tr>
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            PLAY
           </h3>
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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%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F3524949da8d220051120175f97246671d52e0b38-2700x660.png%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDgxNDkwOH0:1uvv0w:Jmqb97TTBZh2QvSuT9FjVATqLdUKJP0c940aeiBFMZw" style="width:100%;max-width:670px;display:block" width="670"/>
              </a>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                 </em>
                </small>
               </span>
              </p>
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               <td class="content-container" style="padding:15px">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Brew Mini:
                 </strong>
                 Don’t be afraid.
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Check out today’s Mini here
                 </a>
                 .
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 iPhone trivia
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Happy iPhone 17 release day! Here’s a trivia question to get you amped for Apple’s big event later today: Rank the following iPhones from smallest to largest by screen size in inches (diagonally).
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 iPhone 5S
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 iPhone XS
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 iPhone 12 Pro Max
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 iPhone 15
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 iPhone 8
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 iPhone
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
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            SHARE THE BREW
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                 <a class="link" style="color:#252525;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Share Morning Brew
                 </a>
                 with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 We’re saying we’ll give you free stuff and more friends if you share a link. One link.
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                <a>
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                  <img class="img-responsive" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe8c0d668fd2ce584105a14629f9409b29ddffc91-3840x2160.png%253Fw%253D640%2526q%253D60/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTc0MTE1MTAuMDgxNTg2Nn0:1uvv0w:ZuNNNu4cuWWtg9gnk3mxZ6-RQaMBKxCQHw5SyeTjc0c" style="width:100%;max-width:640px;display:block;width:100%!important" width="640"/>
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                 <b>
                  Your referral count:
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                 0
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                 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:
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                 <a class="link" style="color:#252525;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  morningbrew.com/daily/r/?kid=979c4554
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            ANSWER
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                 From smallest to largest, they are: iPhone, iPhone 5S, iPhone 8, iPhone XS, iPhone 15, iPhone 12 Pro Max
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                <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: precipitously, meaning “very steeply.” Thanks to Alice from Minneapolis for the sharp suggestion. Submit another Word of the Day
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  here
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                 .
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              <strong style="color:#000">
               ✢ A Note From Pacaso
              </strong>
             </p>
             <span style="font-size:10px">
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at
               <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                invest.pacaso.com
               </a>
               . Reserving the ticker symbol is not a guarantee that the company will go public. Listing on the Nasdaq is subject to approvals.
              </p>
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