Saturday, August 24, 2024

SATURDAY, AUGUST 24, 2024

Good Morning! On this day in 79 AD, Mount Vesuvius erupted in southern Italy after centuries of dormancy. The eruption devastated the prosperous Roman cities of Pompeii and Herculaneum, leading to the deaths of thousands of people. The cities were buried under a thick layer of volcanic material and mud and were never rebuilt.

Speaking of Mount Vesuvius, here are some photos of items recovered from Pompeii, such as frescoes, marble and bronze statues, and the preserved bodies of victims.

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Today’s sponsor is Monogram; don’t miss their investment opportunity in a groundbreaking robotics company.

RFK Jr. Suspends Campaign, Endorses Trump

Independent presidential candidate Robert F. Kennedy Jr. announced on Friday that he was suspending his campaign and endorsing former President Trump, ending days of speculation.

Kennedy cited internal polling and “systematic censorship” from the Democratic party as reasons for his decision. He also stated that he would withdraw his name from the ballot in battleground states but would remain on the ballot in states where it would not impact Trump.

Republican strategist Karl Rove suggested on Wednesday that an endorsement from Kennedy could help Trump in the key swing states of Georgia and Arizona.

Prior to Friday’s decision, Kennedy said he was in talks with the Trump campaign and asked to have similar conversations with the Harris campaign.

Secret Service Place Agents on Admin Duty

The Secret Service has placed at least five agents, including the head of the Pittsburgh field office, on administrative duty following the assassination attempt on former President Trump during last month’s rally in Pennsylvania.

It’s unclear if all of these actions are disciplinary, since agents are routinely placed on leave during the course of investigations for various reasons, including mental health relief, according to reports. All agents remain employed but are barred from working in the field.

Secret Service spokesman Anthony Guglielmi declined to comment on whether the agents were placed on leave as the agency is still investigating how a 20-year-old gunman was able to fire eight rounds from a rooftop near where Trump was speaking.

Trump held an outdoor rally in North Carolina on Wednesday, his first since the assassination attempt.

List: Former Prisons Transformed into Luxury Hotels

Several former prisons around the world have been converted into hotels, providing unique overnight stays for travelers interested in the notorious and sometimes allegedly haunted locations, with accommodations ranging from basic to luxurious. You can see the full list here.

At Germany’s ALCATRAZ Hotel, a former 19th-century jail and the country’s first prison hotel, guests can immerse themselves in prison life by staying in ex-cells, wearing striped pajamas and receiving breakfast through the doors’ tiny hatches.

Built in 1779, Bodmin Jail offers visitors an immersive experience in the grim conditions endured by prisoners, including cold, damp cells, hard labor, and a Victorian execution shed with a 14-foot-deep hanging pit.

One of Boston’s most lavish hotels, The Liberty, was once known as The Charles Street Jail. It housed notorious criminals like ex-mayor James Michael Curley and Malcolm X before closing in 1973 due to inhumane conditions.

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➤ Federal Reserve Chair Jerome Powell stated on Friday that the central bank is ready to reduce interest rates, saying that policymakers don’t want to see further cooling in the job market. (More)

➤ White House national security spokesperson John Kirby announced Friday that cease-fire talks between Israel and Hamas will continue through the weekend, despite recent reports suggesting the agreement was nearing collapse. (More)

➤ The U.S. imposed sanctions on hundreds of companies in Europe, Asia, and the Middle East on Friday, accusing them of enabling Russia’s war effort against Ukraine and helping with sanction evasion. (More)

➤ The Department of Justice filed an antitrust lawsuit against RealPage, alleging the property management software company helped landlords inflate rental prices and reduce competition. (More)

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Monogram (Nasdaq: MGRM), the Austin-based company known for its autonomous robotic surgical systems, completed a crowd-funded public offering and NASDAQ Listing last year. What’s next? They just filed for FDA approval to market and commercialize their patented AI joint replacement tech. By the year 2027, 50% of knee replacement surgeries will be robotic – up from 12% today.

Monogram actually made history in the Lonestar State last year, successfully completing the first fully remote demonstration surgery between New York and Austin. Now, Monogram’s opened a unique opportunity for investors. They are selling preferred shares in their company. This isn’t the same stock trading on the Nasdaq. These shares feature:

Dividends: The preferred shares pay an 8% annual dividend (in cash or kind)
Warrants: Each preferred share comes with a warrant for future shares of common stock
Conversion: Preferred shares can be converted 1:1 into common shares

MGRM public shares closed as high at $3.40 earlier this week, but these unlisted preferred shares are available for $2.25. Monogram currently plans to close the Series D Preferred offering on September 12, 2024. Learn more on their website.

➤ The Kansas City Chiefs and offensive lineman Creed Humphrey have agreed to a four-year, $74 million contract, making it the richest deal for a center in NFL history. (More)

➤ Milwaukee Brewers outfielder Garrett Mitchell made a leaping home run-robbing catch at the wall in right-center field in a 0-3 loss to the St. Louis Cardinals. (See Catch)

➤ The Washington Commanders traded wide receiver and former first-round pick Jahan Dotson to the division rival Philadelphia Eagles on Thursday in exchange for three late-round draft picks. (More)

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Today’s election section is brought to you by:

Election Countdown: 73 Days

Cryptocurrency companies have contributed nearly half of all corporate donations for the 2024 election cycle, mainly supporting pro-crypto candidates, according to a new report on election spending. (More)

Virginia Gov. Glenn Youngkin issued an executive order and removed 6,303 noncitizens from voter rolls, claiming they “accidentally or maliciously” attempted to register to vote. (More)

The Arkansas Supreme Court upheld the secretary of state’s decision to block an abortion-rights initiative from the November ballot due to violations of rules related to paid signature gatherers. (More)

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The Harris campaign proposed a down payment assistance program to help young people achieve homeownership. But what if there was a way to solve America’s housing crisis without government handouts? There is…and it’s proven.

Roots is the first real estate fund where investors AND renters get paid. Roots’ unique win-win model has delivered 17.17% historical average annual returns while helping its residents save and invest over $500k to buy their own houses. Want to know more?

Daily Market Report 08/23/2024

▲	NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations	17,877.79	+1.47%
▲	SPX S&P 500	5,634.61	+1.15%
▲	DJI Dow Jones Industrial Average	41,175.08	+1.14%
▲	BTC Bitcoin	$64,678.55	+6.87%
▲	GOLD Per Ounce	$2,548.70	+1.27%

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Elite investors often get special deals that aren’t available to the public. Take Warren Buffett, for example. When he invested $10B in Occidental Petroleum, he didn’t buy the publicly traded stock. He got preferred stock, paying an 8% dividend.

While you won’t be investing alongside Warren Buffett, Texas-based Monogram is offering you preferred stock with an 8% dividend (in cash or shares of MGRM) that’s convertible to its common stock.

Monogram’s common stock (MGRM) closed at $3.40 earlier this week, but the unlisted preferred stock (which is convertible into one share of common) is available for $2.25 per share. This opportunity is planned to come to an end on September 12, 2024.

^{* This is a paid advertisement for Monogram Technologies Series D Preferred Stock offering. A prospectus supplement and accompanying base prospectus have been filed with the SEC. Before making any investment, you are urged to read the prospectus supplement and accompanying base prospectus carefully for a more complete understanding of the Issuer and the offering.}

^{The securities offered by Monogram are highly speculative. Investing in these securities involves significant risks. The investment is suitable only for persons who can afford to lose their entire investment. Investors must understand that such investment could be illiquid for an indefinite period of time. There is no existing public trading market for the Series D Preferred Stock. Monogram does not intend to apply for listing of the Series D Preferred Stock or the common stock purchase warrants on a national securities exchange or quoted on an over-the-counter market.}

^{DealMaker Securities LLC, a registered broker-dealer and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA’s BrokerCheck.}

➤ A bus carrying Indian pilgrims crashed in Nepal, killing at least 27 and injuring 16 when it veered off a highway and plunged towards a river, narrowly avoiding the water. (See Photos)

➤ Ukraine regained control of some of its territory in the eastern Kharkiv region after using high-precision U.S. glide bombs to target Russian positions, resulting in casualties and equipment destruction, according to officials. (More)

➤ The body of British tech magnate Mike Lynch’s daughter, Hannah, was recovered Friday, the last person still unaccounted for after the family’s luxury yacht sank this week off Sicily. (More)

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➤ Scientists found that men with early prostate issues share one common trait. Tests on 2,398 men revealed that their urine had the same color. Experts say this could be life-threatening. Watch this video to discover a simple 3-minute ritual that may help fix prostate problems quickly.

➤ Aerial photographers captured images of lava flows from the latest eruption of an Icelandic volcano, the sixth since December. (See Photos)

➤ A California beach was overrun by hundreds of sea lions this week, attracting crowds of onlookers and prompting officials to close the area. (See Video)

➤ Two freight trains collided and derailed in Boulder, Colorado, on Thursday, injuring two, damaging a bridge, and spilling fuel. (See Video)

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