| ⏰ Good Morning! Here's your daily dose of insight: | On July 17, 1955, Disneyland opened its doors in Anaheim, California. Despite opening day chaos—like plumbing issues and counterfeit tickets—the park went on to become a global symbol of magic and creativity. | — Every dream has a bumpy beginning. ✨ | Table of Contents | | | | | | The AM Shift | Lightning Strike at New Jersey Archery Range Kills One, Injures Over a Dozen | | A lightning strike at the Black Knight Bowbenders archery range in Jackson Township, New Jersey, killed one man and injured at least 13 others on Wednesday evening. The victim, 61-year-old volunteer instructor Robert Montgomery, was pronounced dead at the scene after emergency crews attempted CPR. | The injured, ranging from 7 to 61 years old, suffered burns and shock, with several taken to local hospitals. Cub Scout Pack 204 was at the event, but no serious injuries were reported among the children. Officials praised first responders and urged caution during storms. This marks the 12th lightning-related death in the U.S. this year. | |
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| | | | | 📈 U.S. Stock Market Snapshot | U.S. stocks are treading water Thursday morning as investors weigh mixed corporate earnings and a cooler-than-expected inflation report. The S&P 500 and Nasdaq are both up modestly, supported by gains in big tech and communication services, while the Dow Jones is slightly lower as weakness in bank stocks and energy offsets broader optimism. The June CPI came in at 3.0% year-over-year—below expectations—reinforcing hopes that the Fed may hold off on further rate hikes. | Earnings season continues to drive sentiment, with major companies like Netflix, Bank of America, and Delta Air Lines reporting results. Netflix surged on stronger-than-expected subscriber growth and profitability, while Bank of America disappointed with lower trading revenue and higher loan loss provisions. Delta's earnings met expectations, but shares dipped on cautious forward guidance. Meanwhile, Fed Chair Powell is set to speak Friday, with markets eager for clarity on the path of interest rates. | 📊 Notable Movers | 🎬 Netflix (NFLX) – Up 4.2% after beating earnings estimates and adding 6 million new subscribers, driven by strong international growth. | 🏦 Bank of America (BAC) – Down 2.1% after reporting weaker trading revenue and rising credit provisions. | ✈️ Delta Air Lines (DAL) – Fell 1.4% despite solid Q2 results, as forward guidance flagged possible margin pressure. | 🔋 Tesla (TSLA) – Gained 1.9% ahead of earnings next week, with investors optimistic about delivery numbers and AI roadmap updates. | 📱 Meta (META) – Up 1.6% as analysts raise price targets following strong ad spending data and momentum in Reels engagement. | 🧭 Takeaways | Inflation continues to cool, giving the Fed breathing room and lifting market confidence. Tech remains the market's engine, while banks and cyclicals lag on earnings concerns. Focus shifts to Powell's speech and next week's tech-heavy earnings slate, including Tesla, Microsoft, and Alphabet. The information provided in this summary is sourced from CNBC and is for informational purposes only. It is not intended as financial advice or a recommendation to buy or sell any securities. Please conduct your own research or consult with a financial advisor before making any investment decisions.
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| | | | | The Political Shift | Senate Approves $9 Billion in Spending Cuts Targeting Foreign Aid and Public Broadcasting | | The Senate has approved a $9 billion rollback in previously allocated federal funds, targeting foreign aid and public broadcasting, including NPR and PBS. Backed by former President Trump, the measure passed 51–48 with Vice President J.D. Vance casting tie-breaking votes. Most of the cuts affect global initiatives through agencies like USAID and the UN, while over $1 billion comes from public media funding. | Attempts to shield programs like the PEPFAR HIV/AIDS initiative and rural broadcasting largely failed. Supporters say the move reins in excessive spending, while critics argue it threatens global health efforts and public media access. The bill now heads to the House ahead of a looming deadline. | |
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| | What was your favorite movie release of this summer?From high-speed thrills to dinosaur drama, this summer has delivered some serious blockbusters. Which one stole the spotlight for you? | | | | | | The AM Challange | 🧠 Time for the 5-Minute Riddle Challenge! ⏳🧩
No peeking, no shortcuts—just you and your mind. | Riddle:
I have holes but hold no weight,
I'm full of lines, yet never straight.
I help you see what's far or near,
But break me, and things disappear.
What am I? | Take a moment to think… then scroll down for the answer. | 🔽
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🔽 | Answer: Glasses. 👓 | Did you focus in on the answer or lose sight of the clues? Either way, your brain just got a sharper view! 🧠✨ |
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| The AM Shift is here to give you the news you need, the sports you love, the market updates you can't miss, and the fun challenges to start your day off right! | Help Us Share The AM Shift | Enjoyed today's newsletter? Share it with a friend or colleague who'd love to start their day with The AM Shift too! 📲 | |
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