Good morning! On this date in 1944, Gen. Douglas MacArthur waded ashore and made his famous “I Have Returned” speech in the Philippines. He had promised “I shall return” when he evacuated in 1942. Here’s a photo of the return.
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Speaker Race Stalls as GOP Weighs Options
The House Speaker race hit a wall Thursday as Jim Jordan failed to win enough votes, and the GOP shot down a plan to empower Speaker Pro Tem Patrick McHenry as temporary Speaker until January.
Jordan says he will call for a third vote this morning and continue through the weekend, if necessary. His opponents haven’t budged either, as they complained of threats they’ve received for not supporting him.
Hopes for a compromise on McHenry rose Thursday morning when Jordan endorsed the idea, but it drew little overall support.
Automakers Pull Back on Electric Car Production
GM, Ford, and Tesla have all announced slowdowns in production of electric vehicles, citing reduced demand due to pricing and high interest rates. Currently, EVs have a market share of about 8% in the U.S.
GM is delaying production of Chevy Silverado and GM Sierra EVs by a year, and Ford is cutting back shifts at the plant building its F-150 pickup EV.
Tesla’s first shipment of its long-awaited Cybertruck is set for Nov. 30, but owner Elon Musk warned the production ramp-up would be slow.
The concern over falling demand hit EV stocks this week, particularly Tesla, down 9% at one point. Rivian, Lucid Group, and Fisker fell between 3.3% and 4.5%.
$7 a Share for Mickey Mantle’s Old House
Baseball fans and investors can soon own a share of Mickey Mantle’s childhood home in Commerce, Oklahoma, for only $7. Of course, they’ll join 47,000 other potential buyers eager to own a piece of history and share in any potential profit.
Investors will have a say in what happens to the property, including options to make it a museum or monetize it as an overnight destination. The 675-square-foot house has been empty for decades; Rally bought it last year for $175,000.
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➤ Newly appointed California Senator Laphonza Butler said she won’t run for re-election to a full term in 2024, avoiding a bruising battle among Democrat contenders for the seat once held by the late Sen. Dianne Feinstein. (More)
➤A new Bloomberg News poll shows Donald Trump leading President Biden in five out of seven swing states: Pennsylvania, Wisconsin, Arizona, Georgia, and North Carolina. (More)
➤ A senior State Department official has quit over President Biden’s support of sending weapons to Israel. Josh Paul posted his resignation on social media, citing a “policy disagreement” with the White House. (More)
➤ Democratic senators introduced a bill Thursday to expand the Supreme Court and impose 18-year term limits on its Justices. In the proposed scenario, the nine most recent appointees would hear the usual cases, and the older justices would focus on other issues. (More)
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➤ The Las Vegas Aces won their second straight WNBA championship Wednesday, edging past the New York Liberty 70-69. The Aces became the WNBA’s first repeat champions in over 20 years. (See Final Minutes)
➤ The NFL’s Jacksonville Jaguars plan to play completely away from home for one season during a proposed stadium remodel. The team’s new “stadium of the future,” will feature a translucent roof that lessens the sun’s effect. (More)
➤ The “tush push” football playpopularized by the Philadelphia Eagles has stymied NFL defenses, but one high school player in Texas figured out a way to stop it using an astonishing acrobatic move. (See Video)
Market Report 10/19/23
▼
NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations
13,186.17
–0.96%
▼
SPX S&P 500
4,278.00
–0.85%
▼
DJI Dow Jones Industrial Average
33,413.45
–0.75%
▲
BTC Bitcoin
$29,044.0
+1.04%
▲
NFLX Netflix, Inc.
$401.77
+16.05%
➤ Big Stock Move: Netflix stock shot up 16% Thursday on news that the streaming service grew by nearly 9 million subscribers after cracking down on password-sharing andthat it was raising prices again. (More)
➤ Pfizer is planning a major price hikefor anti-Covid drug Paxlovid to $1,390 for a five-day treatment, more than double its current price. Facing criticism, Pfizer said consumers wouldn’t necessarily pay that much because of insurance deals. (More)
➤ The Hollywood actors’ strike will hit 100 days tomorrow, making it the longest walkout ever by film and TV actors, with little progress. The current sticking point is whether the union should get a fee for every streaming subscriber. (More)
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➤ Scientists tossed a coin 350,000 times to prove that the odds aren’t actually 50/50, as most people believe. In fact, the odds are 50.8% that whatever side of the coin is facing up when it’s flipped will come up. (More)
➤ A rock with mysterious etchings, thought to be 4,000 years old, is now being hailed as a “treasure map” for archaeologists who are using it to hunt for ancient village sites in France. (See Photo)
➤ Nikon announced the winners of its 2023 Small World Competition, honoring the best in micro-photography. A vivid image of a rodent’s optic nerve won top prize. (See Winners)
➤ At her wedding two years ago, a bride and her dad recreated a “Beauty and the Beast” dance they did when she was a child. She posted the wedding video on his birthday, which went viral. (See Video)
➤ A family’s border collie woke a couple at 5 a.m. and was persistent in getting them out of bed and into their 17-year-old son’s room, where he was in the midst of a stroke. Doctors say the dog saved the boy from major damage. (See Photos)
➤ A Louisiana couple welcomed rare “spontaneous triplets” despite having no history of multiples in their families. The three girls were born prematurely, weighing three pounds or less, but all are healthy and at home. (See Photos)
➤ The Rolling Stones’ new albumbecomes available today. The 12-track “Hackney Diamonds” release is the band’s first album of original songs since 2005’s “A Bigger Bang.” (More)
➤ Whale watchers off California’s coastcaptured video of the “super rare” white orca known by the nickname Frosty swimming in a pod of other orcas near their boat. (See Video)
➤ A Pennsylvania community cut off power to 200 people for 10 minutes last week to save a cat stuck on a telephone poll. While police controlled traffic, utility workers used a bucket truck to rescue the cat. (See Photos)
Speaker Race Stalls as GOP Weighs Options
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