🇨🇳 Congress shot down Chinese drones

📈 And Boeing gives its employees a pay hike

Climate change has pushed insurance prices in Florida, Texas, and California through the roof, putting immense pressure on homeowners and investors alike.

But how is climate change impacting real estate investing worldwide?

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📰 Market Headlines

  • US stocks rebounded sharply, with all three major indexes surging over 1% after last week's sell-off.

    • The Dow jumped more than 450 points, while the S&P 500 climbed 1.2% after its worst start to a September since 1953.

  • The US House voted to bar new drones from Chinese manufacturer DJI, citing security concerns.

  • Boeing has offered a 25% wage hike and new benefits to union workers to avoid a potential strike.

  • Apple unveiled its iPhone 16 lineup with new AI features, but shares closed nearly flat after earlier losses.

🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via ​Kalshi​, the prediction market.

Both the jobs numbers and unemployment figures have worsened over the last week.

😱 Fear and Greed Index

🎤 What you said last time

Drastically different opinions to the analysts at Goldman Sachs.

What you had to say:

“Trump’s tariff war is exactly why consumers are getting hammered while corporations are printing money. Trump is great for corporate balance sheets and terrible for everyone else. That guy gets the wheel again, and inflation will take ten more years to handle.”

📈 Trends you need to know

Flood risk is crushing the US Real Estate market. It just doesn’t know it yet.

🧠 What do you think?

Climate change will make my home value go

Login or Subscribe to participate in polls.

📊 Stocks

Get $20 free shares at ​public.com​ using code ALTSCO.

Winners and losers

Earnings, upgrades, and acquisitions

  • Oracle beat Q1 revenue estimates with $13.31 billion, up 8% year-over-year; shares surged 9%.

  • Rubrik reported Q2 losses, beating estimates, but shares dipped 4.05%.

Market movers

  • Air Canada has begun finalizing plans to suspend its operations as talks with pilots near a deadlock over wage demands.

  • Huawei racked up 3 million pre-orders for its new tri-fold smartphone ahead of its Tuesday launch, challenging Apple in China.

  • LVMH appointed Sarah Burton as Givenchy's new creative director.

  • The SEC hit seven public companies with penalties totaling $1.3 million for violating whistleblower protections.

  • Norfolk Southern CEO Alan Shaw stepped down amid a misconduct probe.

  • Starbucks' new CEO Brian Niccol started his first day.

  • The UK launched an investigation into Ticketmaster's dynamic pricing for Oasis reunion tour tickets.

Ideas, trends, and analysis

  • US consumers turned increasingly selective with spending, benefiting Walmart as same-store sales jumped 4.3%.

  • The IRS ramped up audits on wealthy Americans, recovering $1.3 billion from high-income individuals.

Recommended Newsletter

🌍 Global Perspectives

  • 🇸🇾 🇮🇱 Israeli airstrikes on Syria killed 16 people and wounded dozens more, marking the deadliest attack since April.

  • 🇩🇪 Germany tightened controls at all its borders for six months amid rising concerns over immigration.

  • 🇬🇧 Britain's Princess Kate finished chemotherapy treatment for cancer and expressed gratitude for the support received.

  • 🇻🇦 🇹🇱 Pope Francis arrived in East Timor, the world's second-most Catholic country.

  • 🇻🇪 🇪🇸 Venezuelan opposition presidential candidate Edmundo González fled to Spain for asylum after being granted safe passage.

📊 Crypto

  • Onramper launched a crypto-to-fiat off-ramp service supporting 46 fiat currencies and over 500 cryptocurrencies across 200 countries.

  • Ether.fi unveiled a blockchain-based credit card offering 3% cash-back on all purchases, using crypto assets as collateral.

  • Crypto scam losses grew 45% in 2023, totaling $5.6 billion, according to the FBI.

  • Five US states settled with GS Partners, ensuring full refunds in the alleged $1 billion crypto investment scheme.

  • North Korean hackers moved $11 million in stolen Ether from the WazirX exchange hack to Tornado Cash.

🧠 Errata

📺 What to Watch Today

That’s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,

Wyatt

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