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   Daily Brew // Morning Brew // Update
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     New inflation data likely means rate cuts ahead...
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             October 25, 2025
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              View Online
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              Presented By
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               Bonjour.
              </strong>
              A dapper
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               mystery man
              </a>
              was spotted among police near the Louvre museum in Paris last weekend, shortly after thieves smashed display cases and stole some of the French crown jewels. Wearing a fedora and holding an umbrella, the man certainly looks like something out of a Hercule Poirot movie, but French prosecutors are playing coy about whether he’s part of the team investigating the heist. In fairness, French authorities seem to have trouble telling when someone is cracking open a case.
             </p>
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              <em>
               —Sam Klebanov, Molly Liebergall, Matty Merritt, Abby Rubenstein
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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
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             <td class="pad5m">
             </td>
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            <!-- Nasdaq -->
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             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
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                <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjEzODU5NDkuMDkxMTQxMn0:1vCawn:x6jDy42lPuLe8RIquCSLZUETKwIb6q8_H9ZHko9gUoE" 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">
                  23,204.87
                 </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">
                     +1.15%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Nasdaq -->
            <!-- S&P -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
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                <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjEzODU5NDkuMDkxMjc3Nn0:1vCawn:xzxV3MaR0GQrfcsJiTk_CosgKydnFqIU0upZQqJewhw" 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">
                  6,791.69
                 </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">
                     +0.79%
                    </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjEzODU5NDkuMDkxMzc4Mn0:1vCawn:oLMjql3fTlx4X5r-84yd16ggZ0hCpnM-9ol_7v5bDpA" 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">
                  47,207.12
                 </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">
                     +1.01%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Dow -->
            <!-- 10-Year -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjEzODU5NDkuMDkxNDkyNH0:1vCawn:du_7GukNDToXuOZMI86-2dM_BIyBSoH76kxjaouhDZg" 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">
                  3.997%
                 </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">
                     +1.0 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjEzODU5NDkuMDkxNTkzM30:1vCawn:nkVqDqWECfG8QhK1f3MlNaL5t33IiCSz-EIAMhas9wA" 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">
                  $111,046.23
                 </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">
                     +1.30%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Bitcoin -->
            <!-- Ford -->
            <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjEzODU5NDkuMDkxNjkyMn0:1vCawn:NGbEWTc3j0U6NedgV8gAieSBTk7EPUcepL4G3o8Uwuk" 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">
                  Ford
                 </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">
                  $13.84
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +12.16%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Ford -->
            <!-- 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjEzODU5NDkuMDkxOH0:1vCawn:j8kGr8BAtxpL8gTKEFdqH5kISRtdlJdlLeJUp4jXn08" style="vertical-align:middle;height:16px;display:inline"/>
                 </a>
                </td>
               </tr>
              </table>
              <p style="text-align:left;margin:0;padding:0;font-size:13px;line-height:22px">
               *Stock data as of market close, cryptocurrency data as of 6:00pm ET.
               <a class="link-sm" rel="noopener" style="color:#333;border-bottom:1px solid #1c7ff2;text-decoration:none" target="_blank">
                Here's what these numbers mean.
               </a>
              </p>
             </td>
            </tr>
            <!-- END REGULAR TEXT -->
            <tr>
             <td style="mso-padding-alt:0px 15px 15px 15px;padding:0 15px">
              <ul style="margin-top:0;padding-left:30px">
               <li style="margin-bottom:10px;line-height:22px">
                <span>
                 <strong style="color:#000">
                  Markets:
                 </strong>
                </span>
                <span>
                 Champagne probably got sprayed onto a lot of quarter zips yesterday as all three major indexes closed at
                </span>
                <span>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  record highs
                 </a>
                </span>
                <span>
                 after government inflation data came in milder than expected, likely clearing the way for interest rate cuts (more on that in a sec).
                </span>
               </li>
               <li style="margin-bottom:10px;line-height:22px">
                <span>
                 <strong style="color:#000">
                  Stock spotlight:
                 </strong>
                </span>
                <span>
                 Investors hit the gas on Ford after it beat earnings expectations.
                </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 JPMorganChase
                </strong>
               </p>
               <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                JPMorganChase launched a
                <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                 $1.5 trillion, 10-year plan
                </a>
                to facilitate, finance, and invest in industries vital to national economic security.
               </p>
              </div>
             </td>
            </tr>
           </table>
          </th>
         </tr>
        </table>
        <!--[if !mso ]><! -- -->
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      <!-- STORY ARTICLE -->
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            ECONOMY
           </h3>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Inflation is not as high as feared
                </a>
               </h1>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <a style="border:none;text-decoration:none" target="_blank">
               <!--[if mso ]><img alt='A stoplight with the green light flashing the words rate cuts' height='447' src='https://storage.morningbrew.com/gif/2025-10-24/image-214d09a869e1a17ec3f156082bbf3bf58cd30775-1500x1000-gif/MBD-Fed-Rate-Cuts-FS-1025-08.gif' style='display: block; width: 100%; max-width: 670px;' width='670'><![endif]-->
               <!--[if !mso ]><! -- -->
               <img alt="A stoplight with the green light flashing the words rate cuts" src="https://inboxflows.com/_/image/https%253A%252F%252Fstorage.morningbrew.com%252Fgif%252F2025-10-24%252Fimage-214d09a869e1a17ec3f156082bbf3bf58cd30775-1500x1000-gif%252FMBD-Fed-Rate-Cuts-FS-1025-08.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdG9yYWdlLm1vciIsInRpbWUiOjE3NjEzODU5NDkuMDkxOTE0N30:1vCawn:h3Vtett29aHnrUHVuUaO_Tq2ANCq80J_xG5wYDc5IPQ" style="width:100%;max-width:670px;display:block" width="670"/>
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              </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>
                  Francis Scialabba
                 </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">
                 The biggest slasher this month will likely be Jerome Powell since the inflation data the government released yesterday wasn’t as scary as projected, which is expected to keep the Fed on track to cut interest rates.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Consumer prices rose a
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  relatively tame
                 </a>
                 0.3% for the month in September and 3% year over year. That’s below the 0.4% monthly inflation growth and 3.1% annual rise analysts had predicted.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The inflation report is the only recent government economic data the Fed has to inform its interest rate decision next week, since most of Uncle Sam’s number crunchers are on leave due to the shutdown. And investors are betting that the not-so-bad consumer prices report will put the Fed at ease about the potential impacts of cutting interest rates on inflation, allowing the central bank to focus on stimulating the anemic job market by lowering borrowing costs.
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 Better doesn’t mean good
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Just because prices didn’t pop as much as economic wonks predicted, it doesn’t mean shoppers aren’t getting hit with sticker shock as inflation remains well above the Fed’s 2% annual goal.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Some price tags could be causing nostalgia for shopping in 2024:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Coffee and beef prices rose 19% and 15%, respectively, in the year leading up to September, largely due to weather-related supply disruptions, as well as the impact of tariffs. Meanwhile, bananas, which were long considered inflation-proof, have become 5.4% pricier since April, a trend economists attribute to tariffs.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Gardening services cost 14% more than in 2024, while repairing a car became 12% more expensive.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  And it may get worse:
                 </strong>
                 Moody’s Chief Economist Mark Zandi expects tariffs to accelerate price growth in the coming months, with businesses passing on the cost of import duties to consumers for goods like furniture and appliances.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Looking ahead…
                 </strong>
                 there’ll probably be no inflation…
                 <em>
                  report
                 </em>
                 from the government next month due to the shutdown, the White House said. That means the Fed will have to rely on private-sector data for its last interest rate meeting of the year in December.
                 <em>
                  —SK
                 </em>
                </p>
               </td>
              </tr>
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                <!-- SOCIAL LINKS -->
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            Presented By Death &amp; Co
           </h3>
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            <a style="text-decoration:none;color:#000!important;border-bottom:none!important" target="blank">
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              He’s building a global hospitality presence
             </strong>
            </a>
           </h1>
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           <img alt="Death &amp; Co" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-10-24%252Fimage-b2d51cc965c15245167809c1483335472a41c635-1200x800-png%252Fb2d51cc965c15245167809c1483335472a41c635-1200x800.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjEzODU5NDkuMDkyMzgyN30:1vCawn:hKqfKd-6n3wqFalKbaSAcya2n9RJkGPsiqAVzELXyL4" 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">
              On New Year’s Eve in 2006, 24-year-old David Kaplan opened the first
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Death &amp; Co
              </a>
              cocktail bar in Manhattan.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Today, the award-winning bars welcome more than 10,000 visitors each week, and Death &amp; Co is on track to make $20m this year.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              But that New York location was just the beginning.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               David and Death &amp; Co are building a global hospitality empire
              </a>
              .
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Death &amp; Co just opened their first boutique hotel, with plans to open three more locations this year, including their first bars in Australia. That puts them on track to
              <em>
               double
              </em>
              the growth rate of the hospitality industry.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              They’re now giving you the opportunity to tap into this growth potential as a shareholder.
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              But the investment opportunity ends in five days.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Become a Death &amp; Co shareholder by Oct. 30
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              .
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            WORLD
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                 Tour de headlines
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              <img alt="American and Canadian flags flying together" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-10-24%252Fimage-a59ce9c8fddcbc6c3124e48f15c9077619ebe5ba-1500x1000-jpg%252FMBD_Editorial_Canada-tariffs_GettyImages_031125.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjEzODU5NDkuMDkyNTA2fQ:1vCawn:Y25R6dEbmOrZbQr1_El8yRWThn7VjftFndklO0ETXoc" 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>
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                  Geoff Robins/Getty Images
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                </small>
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                 <strong style="color:#000">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fflag-for-canada_1f1e8-1f1e6.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjEzODU5NDkuMDkyNjA0NH0:1vCawn:fdL1nMx7Y81-ZG0xtYfSVgE-GdkxVrB0TT9I9ZMXlBg" style="max-width:18px" width="18"/>
                  Trump ends Canada trade talks over Reagan anti-tariff ad.
                 </strong>
                 President Trump
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  announced
                 </a>
                 on Truth Social Thursday night that he was halting all trade negotiations with Canada, the US’ second-largest trading partner, because of an ad criticizing the high tariffs he imposed on the country’s goods. Trump called the ad, which was released by the province of Ontario, “FAKE,” and said it was meant to interfere with the US Supreme Court case over the legality of the tariffs. The ad features real audio from parts of a speech given by former President Ronald Reagan criticizing tariffs (though Reagan was defending his own decision to place tariffs on Japan). Canadian Prime Minister Mark Carney said yesterday his country is ready to resume trade talks “when the Americans are ready,” and Ontario plans to pause the ads—though it is still slated to run during the World Series.
                </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%252Fship_1f6a2.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjEzODU5NDkuMDkyNjk3OX0:1vCawn:h15GiGJeXf52v0ZhgIs-dwLkDb9KyrmHH-5LiwMu_7I" style="max-width:18px" width="18"/>
                  US sends aircraft carrier to the Caribbean in latest escalation.
                 </strong>
                 In the latest sign that the Trump administration is taking the phrase “war on drugs” literally, Defense Secretary Pete Hegseth
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  ordered
                 </a>
                 the USS Gerald R. Ford, which had been deployed in the Mediterranean, to the Caribbean, bringing with it dozens of fighter and surveillance aircraft, as well as other Navy warships to accompany it. The decision to send additional military firepower to the region comes after the administration recently conducted several fatal airstrikes on boats it accused of smuggling drugs, treating the people on them as combat enemies rather than criminals. It represents a major escalation of the US campaign against drug smuggling and Venezuela’s President Nicolás Maduro.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 🎃
                 <strong style="color:#000">
                  Good luck finding a
                  <em>
                   KPop Demon Hunters
                  </em>
                  costume.
                 </strong>
                 The members of HUNTR/X are among the season’s most searched for Halloween costumes on Google, but it’s not the golden opportunity you might expect for Netflix, which had to scramble to get licensed merch out in time. As parents of kids who have a very particular idea of how they want to look while trick-or-treating already know, the movie’s success took Netflix by surprise, and before it hit the big time, the company couldn’t get retailers interested in deals, the Wall Street Journal
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  reports
                 </a>
                 . But by next Halloween, the singing teens will likely be everywhere: Netflix recently signed an unprecedented licensing
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  deal
                 </a>
                 with rival toymakers Hasbro and Mattel to bring out official
                 <em>
                  KPop Demon Hunters
                 </em>
                 products.
                 <em>
                  —AR
                 </em>
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </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">
            TECH
           </h3>
          </div>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Clippy is dead, long live Clippy!
                </a>
               </h1>
              </div>
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             <div class="header-image-container" style="padding-top:15px">
              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="An image of Microsoft's new AI assistant Mico next to an image of its old assistant Clippy" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-10-24%252Fimage-b28a08a16359d4131e966fb36238c450a2d1e4bd-1500x1000-jpg%252FMBD-Copilot-Clippy-1025.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjEzODU5NDkuMDkyODA4fQ:1vCawn:2yhPv2g7-YLb3WF0GLgXSrlG8438hqlihv89IWYR9X8" 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>
                  Microsoft
                 </em>
                </small>
               </span>
              </p>
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               <td class="content-container" style="padding:15px 15px 0">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Almost 25 years after retiring the original paperclip assistant, Microsoft
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  introduced
                 </a>
                 something of a successor this week: Mico, an anthropomorphic body for its AI with the disarming aura of Casper the Friendly Ghost.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Mico (pronounced me-ko) is now accessible in the US through Microsoft Copilot’s voice mode:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   When you’re speaking, Mico nods its head and makes facial expressions based on the vibe of your sentence (exciting, sad, etc.), before responding in Copilot’s convincingly real voice.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Mico will tap a new “deeper memory” feature on Copilot that keeps track of information you mentioned in old conversations.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   In a bid to steal students away from ChatGPT, Copilot’s new Learn Live mode turns Mico into a tutor that explains concepts orally and with visuals.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  “Clippy walked so Mico could run,”
                 </strong>
                 Jacob Andreou, a product and growth VP at Microsoft AI,
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  said
                 </a>
                 on the TBPN podcast this week.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  The jog is happening on a tightrope:
                 </strong>
                 Microsoft’s rollout of its more personable AI comes after federal regulators sent letters last month to Alphabet, Meta, Snap, Character Technologies, OpenAI, and xAI to
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  inquire
                 </a>
                 about safeguards for child users. But unlike many of its competitors, Microsoft barely relies on ad revenue, so it seemingly has less of a reason to make its AI bot harmfully engaging, the Associated Press
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  noted
                 </a>
                 .
                 <em>
                  —ML
                 </em>
                </p>
               </td>
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                <!-- SOCIAL LINKS -->
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            Together With Axel
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <strong style="color:#000">
               Can’t spell vacation without ai.
              </strong>
              Remember travel agents from the ’90s? Well, throw on some jellies, because we are so back—thanks to
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Axel
              </a>
              . Through conversation, their AI-powered travel agent can handle everything from itinerary planning to booking to repricing, all for a $35 annual subscription. Brew members can get a
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               one-week free trial here
              </a>
              .
             </p>
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            ICYMI
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Have you heard...
                </a>
               </h1>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <em>
                  Here’s everything that didn’t make it into this week’s newsletters but we immediately sent to the group chat.
                 </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%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjEzODU5NDkuMDkzNDQ1NX0:1vCawn:s6-w2xxHOeDzgHSN0iy0wovzqXYkw7CsSi7e_0uwKDk" style="max-width:18px" width="18"/>
                 Smart-bed-maker Eight Sleep added a new “
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  outage mode
                 </a>
                 ” this week after users couldn’t adjust their bed temps or positions during the AWS outage that took out one-third of the internet. Apparently, people with $2,000+ beds get pretty cranky if they have to sleep on a pipin’ bed before a long day of nothing working.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjEzODU5NDkuMDkzNTQ3OH0:1vCawn:oC64bplv_t5yCn1PyFljWq8-6vFs5Kug9-4BtMuyvy4" style="max-width:18px" width="18"/>
                 The
                 <em>
                  Counter-Strike
                 </em>
                 bubble has popped. Gamers are lamenting the game’s new
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  update
                 </a>
                 , which tanked the market for secondhand skins and weapons this week. There’s real money at stake: The developer’s patch made it easier to trade rare items—and as much as $3 billion in value was erased in just a few days. Lucky for us, all our money is in
                 <em>
                  Webkinz
                 </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%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjEzODU5NDkuMDkzNjQzfQ:1vCawn:jheKSyPTZ-ujnAMT0BH21K_89bs-dE_NQri8sBGOiGo" style="max-width:18px" width="18"/>
                 Google is going
                 <em>
                  Charlie and the CPU Factory
                 </em>
                 -mode and
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  inviting
                 </a>
                 15 lucky testers to try out its new Pixel phone before anyone outside the wi-fi-enabled gates can get their hands on it. There will likely be fewer songs and grandpas, though.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjEzODU5NDkuMDkzNzM3NH0:1vCawn:3XuZbBRFlZTTHOusvIoz7lGbn7mohtUUZiPvAxY6lww" style="max-width:18px" width="18"/>
                 A German museum is being
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  flooded
                 </a>
                 with Swifties trying to get a glimpse at Friedrich Heyser’s painting
                 <em>
                  Ophelia
                 </em>
                 , the painting that inspired a song and music video about the tragic Shakespearean heroine from Taylor Swift’s new album. Art history hasn’t gotten this much buzz since Coldplay made people learn how to pronounce Delacroix.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjEzODU5NDkuMDkzODk1Mn0:1vCawn:yqtMxorzCVHxKRQUz82NLxE6bnFh_dqRNWP6z-rvJUM" style="max-width:18px" width="18"/>
                 Hopeful parents regularly
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  head
                 </a>
                 to a Chinese park with laminated write-ups about their unmarried children in an attempt to lock down spouses for them. Anything has to be better than trying to be funny in response to another Hinge prompt.—
                 <em>
                  MM
                 </em>
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
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       <!--[if !mso ]><! -- -->
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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>
          </div>
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               <h1 class="story-title" style="color:#000;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 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">
                    The Pentagon
                   </a>
                  </span>
                  <span>
                   accepted a $130 million donation from an anonymous donor, whom President Trump described as a “friend,” to help pay troops during the government shutdown—an unusual move that raises ethics concerns.
                  </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">
                    Social Security recipients
                   </a>
                  </span>
                  <span>
                   will get a 2.8% cost-of-living adjustment next year, which amounts to an average increase of ~$56 per month for retirees.
                  </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">
                    Target
                   </a>
                  </span>
                  <span>
                   is eliminating 1,800 corporate positions. It’s the retail chain’s first major layoff announcement in a decade as it tries to regain ground it has lost to competitors like Walmart and Amazon.
                  </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">
                    New York Attorney General Letitia James
                   </a>
                  </span>
                  <span>
                   pleaded not guilty to federal bank fraud charges. James was indicted after President Trump publicly called for her prosecution, and she called the case against her “revenge.”
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    The corporate donors
                   </a>
                  </span>
                  <span>
                   that contributed to the ballroom that President Trump is erecting at the White House include Big Tech companies and contractors like Palantir, according to a list released Thursday.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    The Trump administration
                   </a>
                  </span>
                  <span>
                   imposed sanctions on Colombian President Gustavo Petro and his family, accusing him of involvement in the global drug trade.
                  </span>
                 </li>
                </ul>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
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           <h3 style="color:#1c7ff2;text-transform:uppercase;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            Together With Quince
           </h3>
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          <a style="border:none;text-decoration:none" target="_blank">
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <strong style="color:#000">
               Quite the skin-sation.
              </strong>
              From Augustinus Bader to True Botanicals, each product in Quince’s Beauty Atelier is meticulously selected to deliver science-backed, cutting-edge formulas for
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               visible results
              </a>
              . Quince partners with brands that are as luxurious as they are conscientious.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Earn credit every time you shop
              </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">
            COMMUNITY
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                 Crowd work
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Last week, we asked: “What is your favorite fall tradition or ritual?” Here are some of our favorite responses:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “The Pumpkin Chunkin in North Carolina. Nothing signals that fall is upon us like seeing a 10-pound pumpkin fall from the sky after getting launched 4,000 feet by a catapult or air cannon.”
                  </span>
                  <span>
                   <em>
                    —Trent from Ormond Beach, FL
                   </em>
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “To kickstart the Halloween spirit, as soon as fall hits, my husband and I watch
                  </span>
                  <span>
                   <em>
                    Sweeney Todd
                   </em>
                  </span>
                  <span>
                   while eating meat pies. We’ve got the whole musical memorized at this point.”
                  </span>
                  <span>
                   <em>
                    —Amy from Kansas City
                   </em>
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “Going to Trader Joe’s and stocking up on enough Butternut Squash Mac and Cheese to last me until the next fall.”
                  </span>
                  <span>
                   <em>
                    —Holly from Ann Arbor, MI
                   </em>
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “Our family has a potluck every year called Crock-toberfest where you’re required to bring a German food dish in a Crock-Pot.”
                  </span>
                  <span>
                   <em>
                    —Clint from Chicago
                   </em>
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “We live in Seattle where it gets pretty cold by Halloween, so while we hand out candy to the hundreds of kids coming through our neighborhood, we also keep a Crock-Pot of mulled wine on the ready for all the adults. Especially helpful when it is also raining!”
                  </span>
                  <span>
                   <em>
                    —Lauren from Seattle
                   </em>
                  </span>
                 </li>
                </ul>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 <strong style="color:#000">
                  This week’s question
                 </strong>
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 What’s a grocery gem that you discovered recently and you’re glad you did?
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Sam’s answer to get the juices flowing:
                 </strong>
                 “I’m absolutely hooked on Trader Joe’s Norwegian Sourdough Rye Chips (available at select locations). They are delectably earthy, crunchy, and crispy—while also not the least healthy option as far as chips go.”
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Submit your response here
                 </a>
                 .
                </p>
               </td>
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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">
            RECS
           </h3>
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                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjEzODU5NDkuMDk0MzIxNX0:1vCawn:mTi4oPdytDyxEm3-dWv9TLPIeAo_YRxAuv_sqZUO4BA" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Brew:
                  </strong>
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   A state-of-the-art machine
                  </a>
                  for artisanal hot chocolate.**
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjEzODU5NDkuMDk0NDIyM30:1vCawn:pfGXuY9PH7NflRcPNUHw5nklBXy9tcCnAorQfpzJrrs" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Keep it fresh:
                  </strong>
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   How long fall produce lasts
                  </a>
                  and where to store it.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjEzODU5NDkuMDk0NTE3NX0:1vCawn:JX5ksYkJJuuET-jm9sWMJ7rJ9abPG2bPNHsL953oC4I" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Read:
                  </strong>
                  AI is taking
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   animal actors’ jobs
                  </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjEzODU5NDkuMDk0NjEwMn0:1vCawn:7q07y-BP8tv64fzE3DBFnji1jlz78Zn58vA7S1xKQyE" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Sip:
                  </strong>
                  Tips for making the
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   ultimate chicken soup
                  </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjEzODU5NDkuMDk0NzAzfQ:1vCawn:gXiC1w9AxtxJxxwnD1PaFLrxDHqwH2ls1oEf6SCp-0I" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Unlock premium perks:
                  </strong>
                  Think
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Prime
                  </a>
                  is just for free shipping? Think again. From Whole Foods discounts to exclusive lightning deals, explore
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   nine Amazon Prime benefits
                  </a>
                  you’re probably missing out on.*
                 </p>
                 <placementslot data-id="636ca61016ca">
                 </placementslot>
                 <placementslot data-id="56d56d6c1658">
                 </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>
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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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               <img alt="Games available from Morning Brew" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-09-11%252Fimage-3524949da8d220051120175f97246671d52e0b38-2700x660-png%252FIMG_9052.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjEzODU5NDkuMDk0ODE2NH0:1vCawn:wjKnSi3yMsVAr1_MrPUTpMYDQay_qOzFa8D7oGs6c2A" style="width:100%;max-width:670px;display:block" width="670"/>
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                <small>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Brew Crossword:
                 </strong>
                 Jack cooked up a special Halloween treat for this week’s puzzle that you won’t want to miss.
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Play it here
                 </a>
                 .
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 Open House
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Welcome to Open House, the only newsletter section in search of a good fright in the middle of the night. We’ll give you a few facts about a listing and you try to guess the price.
                </p>
                <img alt="Spooky house in Salem, Ohio" class="img-responsive" src="https://inboxflows.com/_/image/https%253A%252F%252Fstorage.morningbrew.com%252Fgif%252F2025-10-24%252Fimage-9af36948d580b057335864c408df5014f23ba020-977x629-gif%252Fhalloweenhouse.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdG9yYWdlLm1vciIsInRpbWUiOjE3NjEzODU5NDkuMDk0OTIzM30:1vCawn:R6UjTg7glTiTii5WB87f_OZQEIma4IpAeV00HV8068A" style="display:block;width:100%!important" width="670"/>
                <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                 <small>
                  <em>
                   Zillow
                  </em>
                 </small>
                </span>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Today’s home is in Salem (oooh!), Ohio (oh…). It was built in 1877, and it needs a ton of work. It would be the perfect project for an eccentric billionaire, especially if they wouldn’t mind hiring a documentary crew that would surely capture some horrifying demonic action alongside the renovations. Amenities include:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   4 beds, 2 baths
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Spiral chimneys
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   A reputation among neighborhood kids
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 How much for the Halloween house?
                </p>
               </td>
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                  Share Morning Brew
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                 with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag.
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                 Click to Share
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                 Or copy &amp; paste your referral link to others:
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                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  $118,770
                 </a>
                </p>
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                  Word of the Day
                 </span>
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Today’s Word of the Day is: anemic, meaning “lacking vitality.” Thanks to Stella from Miami, FL, for the not-at-all tepid 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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               ✢ A Note From Death &amp; Co
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              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               This is a paid advertisement for Death &amp; Company’s Regulation A offering. Past performance is not indicative of future results. Please read the offering circular at
               <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                invest.deathandcompany.com
               </a>
               .
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