Newsletter Sep 27, 2024

Quick Six

'A New Way Forward': Harris-Walz announce economic plan
Vice President Kamala Harris and Minnesota Gov. Tim Walz have released the outline of how they plan to boost the U.S. economy if they win the November election. The Harris-Walz economic playbook is titled "A New Way Forward for the Middle Class: A Plan to Lower Costs and Create and Opportunity Economy." The 80-page plan provides an in-depth look at the duo's vision for the U.S. economy, including their plans for manufacturing, taxes, and the cryptocurrency industry, albeit on a less-detailed scale. Harris has come under fire for being intentionally vague about her plans.
SEE THE ROLE CRYPTO PLAYS IN THE HARRIS-WALZ PLAN

Disney+ cracks down on password sharing with extra fees
Walt Disney Company is cracking down on password sharing, alerting Disney+ subscribers that people using the service outside of a household will have to sign up for a new subscription. Disney said the subscriptions are intended for a "collection of devices associated" with a residence and the individuals who live there. Disney said account holders who want to add another user to their household can do so for a fee with an extra member add-on. It's the latest effort by Disney to increase streaming revenues.
SEE HOW MUCH DISNEY+ IS CHARGING FOR EXTRA USERS

New dining-in trend good for grocers, bad for restaurants
Eating in is the new dining out. Consumers have been whipping up dinner at home instead of going to fast-food joints and other restaurants to the detriment of the eateries but to the benefit of grocery stores, the AP reported. Inflation has fallen from its pandemic highs over the past year, but it's been easing more for items on grocery store shelves, reversing a trend seen over the past several years. The trend has left McDonald's, Olive Garden and other restaurant chains worried about their bottom lines.
HOW THE TREND IS HITTING RESTAURANTS THE HARDEST

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Markets

DJIA	42,175.11	0.62%
S&P 500	5,745.37	0.40%
Nasdaq Composite	18,190.29	0.60%
Japan: Nikkei 225	39,247.85	0.83%
UK: FTSE 100	8,284.91	0.20%
Crude Oil Futures	67.38	-0.43%
Gold Futures	2,690.40	-0.17%
Yen	145.33	0.36%
Euro	1.12	-0.12%
* As of market close

NYC Mayor Adams under fire for indictment

New York City Mayor Eric Adams' phone could contain a "treasure trove" of evidence against him as he faces a criminal indictment, said a former prosecutor. Adams was indicted on criminal charges involving his alleged ties to the Turkish government. His residence was raided by the FBI on Thursday and an electronic device was seized. Former US Attorney Joyce Vance said that obtaining the mayor's phone could give the FBI a real advantage. She noted that forensic investigators who examine mobile phones can recover data that has already been deleted by the phone's owner, which could prove key for investigators.

SEE A HECKLER TARGET ADAMS AT HIS PRESS CONFERENCE

Tesla's 'Full Self Driving' cars need humans

A new study found that Tesla's "Full Self Driving" still needs humans to intervene frequently to save them from potentially dangerous situations. While driving more than 1,000 miles in Southern California, drivers had to step in more than 75 times to stop dangerous behavior, according to tests done by AMCI Testing, or about one intervention every 13 miles. Some of the dangerous behaviors exhibited by Elon Musk-owned Tesla's FSD vehicles included driving through a red light and veering into an oncoming lane on a curvy road with another car approaching.

SEE WHY TESLA IS STILL STRUGGLING WITH ITS FSD VEHICLES

Coke goes woke? Christians call for boycott

The viral video showing a man's attempt to personalize a can of Coca-Cola with the phrase "Jesus loves you" has led some Christians to call for a boycott of the beverage company. Antwoine Hill was visiting the Coca-Cola store using a machine that allows customers to customize their canned soda. He was able to write the words Allah, 'Buddah' (sic), and Satan, but received an error message when writing Jesus. Hill posted the video to his Facebook account, sparking outrage among many Christians, some calling for a boycott of Coca-Cola products.

SEE COKE'S EXPLANATION FOR NOT PLAYING THE NAME GAME

Extra point

When did Coca-Cola's secret recipe contain trace amounts of cocaine?

Thursday's answer: The largest single legal casino wager was placed at Binion's in Las Vegas by William Lee Bergstrom in 1980. The Texan bet $777,000 ($2.87 million today) on one roll of the dice, won and left.

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