Good Morning! On this date in 1892, the first public game of basketball was played in Springfield, Mass., at the YMCA where the game had been invented by James Naismith a few months earlier. (See Photos)
Welcome to The Flyover’s anniversary week! We sent our first edition to a few friends and family members on March 15, 2023, and this morning we’re writing to over 620,000 of you. It’s a little overwhelming, to be honest—what a year! It hasn’t been easy, but it’s been very rewarding to realize how many of you appreciate The Flyover and have made it a part of your daily routine. Thanks for coming along for the ride with us.
As we get closer to Friday, we’ll be dropping in some fun Flyover stats, trivia, and poll questions—and we even have a few prizes to give away. Stay tuned.
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Biden Speech Doesn’t Move Approval Ratings
In the first major poll released since the State of the Union address, President Biden’s approval ratings remain largely unchanged: Two-thirds of Americans disapprove of his handling of the border, the economy, and the Gaza war.
According to the ABC News/Ipsos poll, roughly a third of Americans, mainly Democrats over the age of 65, say Biden exceeded expectations with the speech. Another third didn’t watch at all.
The poll also showed that Americans are split almost evenly on whether they trust Biden or former President Donald Trump more, with 36% trusting Trump more, 33% trusting Biden, and 30% saying neither.
On Saturday, a flight to Mexico City was diverted to Los Angeles due to a hydraulic issue, and on Friday, a flight drifted off the runway in Houston and rolled onto the grass. A Thursday flight to Japan had a tire fall off during takeoff and had to divert to L.A.
Earlier in the week, a United flight made an emergency landing after one of the engines exploded minutes into the trip, causing intense flames to be visible to passengers.
Most of the incidents involved Boeing aircraft, currently under criminal investigation by the U.S. Department of Justice for a January incident with Alaska Airlines in which a window blew out in flight.
Tarheels Win ACC, Iowa Takes Big Ten Women’s Trophy
The college basketball regular season ended this weekend with No. 7 North Carolina beating No. 9 rival Duke 84-79 to win the ACC regular season championship outright for the first time since 2017.
In the first half, Duke’s Kyle Flipowski apparently tripped Tarheel Harrison Ingram, but Flipowski denied doing it on purpose. You can see the video here.
In women’s basketball, No. 2 Iowa won its third straight Big Ten championship 94-89 in overtime with a furious fourth-quarter comeback. Caitlin Clark scored 34 points, with 12 assists, seven rebounds and three steals.
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➤ George Santos, the congressman expelled from the House for misusing campaign funds, announced he would run for election again against fellow GOP Rep. Nicholas Lalota in New York’s 1st Congressional District. (More)
➤ President Biden signed a $460 billion spending bill that averted a partial government shutdown this weekend. Another six temporary appropriation bills are due to expire on March 22. (More)
➤A Texas judge ruled that a White House program allowing up to 30,000 asylum-seekers from Cuba, Nicaragua, Haiti, and Venezuela to enter the U.S. each month can continue. Texas had sued to block the program. (More)
➤ Daylight Savings Time is here, and Sen. Marco Rubio has again sponsored a bill to make it permanent. He’s pushed for his “Sunshine Protection Act” every year since 2018. (More)
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Capitalize on the Consolidating Smart Home Industry
The smart home industry is entering a phase of consolidation, with a wave of acquisitions that have led to massive returns for early investors:
Smart home conglomerate Vivint acquired by NRG Energy Inc for $2.8B.
Smart thermostat Ecobee acquired by power generation giant Generac for $770M.
And let’s not forget Ring and Nest — acquired by Amazon and Google for $1.2 and $3.2B respectively.
The trend behind these acquisitions? Patented products and retail distribution.
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➤Over a dozen fans at the record-cold Kansas City Chiefs playoff game in January have had fingers or toes amputated because of frostbite. A Missouri hospital said it expected more patients. (More)
➤Iowa’s Caitlyn Clark broke two more records this weekend, beating Steph Curry’s old college record for three-pointers made in a single season, and then setting a record for most points in the Big Ten women’s tournament. (More)
➤Russell Wilson has agreed to sign with the Pittsburgh Steelers after he’s officially released from the Denver Broncos. According to reports on the upcoming deal, Denver will have to pay $38 million of Wilson’s 2024 salary. (More)
➤Speaking of the Broncos: the team will trade receiver Jerry Jeudy to the Cleveland Browns for a pair of 2024 draft picks next month, sources say. The trade would save the Broncos $13 million in cash and salary cap space. (More)
Market Report Previous Week
▼
NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations
16,085.11
–1.16%
▼
SPX S&P 500
5,123.69
–0.65%
▼
DJI Dow Jones Industrial Average
38,723.15
–0.18%
▼
BTC Bitcoin
$68,737.71
–0.42%
▲
GRFS Grifols, S.A.
$7.00
+24.78%
➤ U.S. job growth totaled 275,000 in February, but the unemployment rate rose to 3.9%, both higher than expected. Government, health care, and restaurants accounted for most new jobs. (More)
➤Discount grocer ALDI plans to open 800 new stores across the country by 2028 as part of a $9 billion expansion plan, many of them in converted Winn Dixie and Harveys Supermarket stores. (More)
➤ Levi Strauss will lay off 146 employees from their San Francisco headquarters, the first in an expected wave of cuts. The company said it could cut between 10% and 15% of its workforce in 2024. (More)
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Smart home consolidation isn’t just coming, it’s already here.
Big tech companies are buying up promising smart-home players to increase their market share and establish dominance.
Vivint homes acquired for $2.8B;
Ecobee thermostat acquired for $770M;
Ring doorbell acquired for $1.2B; and,
Nest thermostat acquired for $3.2B.
Investing at the ground floor yielded significant returns for investors in these companies; but how do we know who is next?
➤ NASA released three new galactic images that have been transformed into soundscapes that can be listened to. The images match the visual wavelength frequencies to musical tones for an eerie experience. (Listen to Images)
➤Scientists discovered a new species of deep-sea worm off Costa Rica that moves like a “living magic carpet.” The worm wiggles with feathery appendages tipped with gills to undulate under the sea. (See Video)
➤New research reveals that ancient stone tools found in Ukraine date back to over 1 million years ago, making them the oldest known evidence of early human presence in Europe. (See Photo)
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➤ Paingone Plusfits the power of TENS pain relief into a tiny, portable pen that anyone can use. (See It)
➤ State primaries are set for Tuesday in Georgia, Mississippi, Washington, and, for the GOP, the Hawaii caucus. Donald Trump is expected to reach the 1,215 delegates he needs for the nomination in this round of voting. (More)
➤ Tuesday is also National Girl Scout Day, honoring the 112-year-old organization that, among many other things, has made Thin Mints one of America’s favorite cookies. (More)
➤ “Grey’s Anatomy” premieres its 20th season on Thursday, along with a half-dozen other new and returning series debuting this week. (See TV Schedule)
➤ “Oppenheimer” won the Oscar for Best Picture at last night’s Academy Awards. Here’s a list of all the winners.
➤ Rupert Murdoch, 92, plans to marry for the fifth time. He announced his engagement Saturday to Elena Zhukova, a 67-year-old Russian-born scientist he met last year. (More)
➤ Johnny Carson’s New York mansion went on the market for $5.3 million. The 9,923 square foot home sits on two acres and boasts six bedrooms and 7-1/2 bathrooms. (See Photos)
➤Australian golfers captured video of a “stampede” of kangaroos hopping in a great herd across the golf course they were playing on. “Felt like it went on forever!” one said. (See Video)
Biden Speech Doesn’t Move Approval Ratings
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