Friday, October 27th, 2023

FRIDAY, OCTOBER 27, 2023

Good morning! On this date in 1787, Alexander Hamilton published the first of 85 Federalist Papers (with help from James Madison and John Jay) in support of the newly signed Constitution. (See Images)

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U.S. Strikes in Syria, Israel Ramps Up Attacks

Two American fighter jets struck weapons and ammunition facilities in Syria last night. The targets were used by Iran’s Revolutionary Guard Corps—along with militia backed by Iran—and the operation took place in response to a string of attacks on American troops in Iraq and Syria.

A Pentagon spokesman said that similar operations will continue if attacks on U.S. forces do not cease.

In Israel, IDF forces carried out their biggest ground attack of the war, sending tanks and troops into Northern Gaza Wednesday night on a brief raid ahead of an expected ground invasion. See video here.

At the same time, Israel carried out 250 airstrikes, killing two Hamas leaders and releasing video of the strike. The air and ground strikes marked the biggest day of activity since the war began three weeks ago.

While Congress debates military aid to Israel, Florida Gov. Ron Desantis said Thursday he’s arranged to send drones, weapons, and ammunition on cargo planes chartered by Florida.

Ford Reaches Deal to End UAW Strike

The United Auto Workers reached a deal with Ford, a breakthrough toward ending the nearly six-week-old strike against the three big automakers. The UAW told striking Ford workers to return to their jobs.

The agreement with Ford calls for a 25% general salary increase plus cost of living raises that could raise salaries to above $40 an hour. Union members must still ratify the agreement, but assembly workers will get an 11% raise immediately.

GM and Chrysler parent Stellantis were in intensive talks Thursday, with the Ford deal as a template for their negotiations. Sources said the two sides could reach a tentative agreement by today.

Maine in Fear as Hunt for Gunman Continues

Maine residents along the coast remained in lockdown Thursday while police launched a wide-ranging search for Robert Card, the gunman suspected of killing 18 people at a bowling alley and a restaurant in Lewiston Wednesday night.

Schools, factories, and many retail shops were closed Thursday in Lewiston, Lisbon, Bowdoin, and other towns in what’s known as the Midcoast area of Maine. “Folks are simply terrified,” said one local politician.

The suspect, Robert Card, was a reservist in the U.S. Army and had been temporarily committed to a mental health facility over the summer for acting erratically. Hundreds of officers from various agencies are searching for him, including the Coast Guard and Canadian border officials.

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➤ More than 40 confidential sources provided “criminal information” related to the Biden family to the FBI, according to GOP Sen. Chuck Grassley, who says the Justice Department tried to discredit it as “foreign disinformation.” (More)

➤ The American Civil Liberties Union is backing Donald Trump in his fight against a federal judge’s gag order. The ACLU says the court’s order is too vague and violates Trump’s free speech rights. (More)

➤ President Biden’s approval rating among Democrats saw a double-digit decline over the past month, according to a Gallup Poll. His approval rating was down 11 points to 75% among Democrats. (More)

➤ CNN has joined the New York Times in issuing a correction on its coverage of the hospital bombing in Gaza. Like the Times, CNN used Hamas as a source to blame Israel but now says the blast was likely caused by Hamas itself. (See Correction)

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➤ Victor Wembanyama, a 7-foot-3 teenager, made his NBA debut Wednesday night with the San Antonio Spurs, scoring 15 points while struggling with foul trouble. The Spurs lost to the Dallas Mavericks 126-119. (More)

➤ Dusty Baker is retiring as manager of the Houston Astros after 26 years as a major league coach, highlighted by the Astros’ World Series win last year. He says he’d like to move into an advisory role in baseball. (More)

➤ Fox Sports will use three compact drones to help cover the World Series for the first time. The drones will be used to capture moments like warm-ups between innings, rather than in-game coverage. (See Photo)

Market Report 10/26/23

▼	NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations	12,595.61	–1.76%
▼	SPX S&P 500	4,137.23	–1.18%
▼	DJI Dow Jones Industrial Average	32,784.30	–0.76%
▼	BTC Bitcoin	$34,166.0	–0.98%
▼	ALGN Align Technology Inc	$190.56	–24.88%

➤ Big Stock Move: Align Technologies stock dropped 25% off an earnings report that fell far short of expectations. The dental tech company said demand for orthodontics was down due to the cost. (More)

➤ Hasbro and Mattel both warned of weakening demand for toys ahead of the big holiday season. Both companies say a difficult economy is deterring retail shoppers. (More)

➤ Halloween candy prices have increased nationwide between 7% to nearly 14%, depending on the state. Here’s a list of states where the increases are highest and where they’re lowest. (See List).

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➤ A NASA spacecraft on a close flyby of Jupiter snapped a photo of a planetary storm that looks like a frowning face, with eyes, nose, and a mouth. NASA released the image to the public. (See Photo)

➤ Boston Dynamics is using ChatGPT to train its agile robot dogs to serve as tour guides. They’re capable of showing guests around facilities and answering questions in various voices and accents. (See Video)

➤ The U.S. Air Force tested an electric aircraft powered by a single propeller with a long journey from Vermont to Florida. The plane has a 50-foot-long wing with two pilot seats and room for cargo. (See Photos)

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➤ This dentist’s breakthrough could stop you from snoring on the first night. (More)

➤ A Dallas school bus driver saved a 7-year-old boy who was choking on a quarter he swallowed. The driver stopped the bus, followed the boy onto the street, and gave him the Heimlich Maneuver, saving his life. (See Video)

➤ A Chicago marathon runner on track for a personal best stopped mid-race to rescue a stray kitten she found on the course. The runner’s sponsor: PAWS Chicago, an animal welfare group. (See Photos)

➤ A South Carolina deer hunter found a missing 2-year-old girl after hearing her crying in the woods. The hunter called 911, and the police search team then rescued the girl about a mile from her house. (See Video)

➤ Hurricane Otis devastated the Mexican beach resort of Acapulco, killing at least 27 people. The storm strengthened to a major Category 5 hurricane with winds up to 165 mph just before making landfall. (See Video)

➤ M&M’s says it will deliver free replacement Halloween candy to your home within an hour on Oct. 31 if trick-and-treaters run you out of supplies. The only catch is you have to live within the Gopuff delivery zone. (Check Here)

➤ An underwater photography company hosted a competition for the most jaw-dropping images of the year and received 1,600 photos, including eels, jellyfish, wrecks, and mermaid moments. (See Winners)