Good morning! On this date in 1931, Clyde Pangborn and Hugh Herndon completed the world’s first non-stop trans-Pacific flight. The trip from Japan to Washington state took 41 hours and covered more than 5,500 miles. (See Photos)
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Jordan, Scalise Vie to be Next Speaker
The race to be the next House speaker has two announced candidates to replace ousted Speaker Kevin McCarthy. Judiciary Committee Chairman Jim Jordan and Majority Leader Steve Scalise both said they want the job.
Other names being floated include Tom Emmer and Kevin Hern, and several Republicans even weighed in on drafting Donald Trump for the job. Trump has said he’s focused solely on his race for president.
The House recessed after voting McCarthy out of office but will return next week to hear from candidates on Tuesday and move to a vote on Wednesday. It took 15 ballots before McCarthy won the speakership vote last time.
That’s still a far cry from the top of the list, headed by the world’s richest man, Bernard Arnault, owner of the LVMH fashion empire, with a net worth of $211 billion. Elon Musk is second, at $180 billion, followed by Jeff Bezos at $114 billion.
Forbes reports that total net worth among billionaires is down overall, a victim of falling stocks and rising interest rates. Musk dropped to No. 2 from No. 1 due to his acquisition of Twitter. You can see the full list here, sortable by categories.
Gallup: Most Want Brands to Avoid Politics
A new Gallup Poll shows that nearly 60% of Americans don’t think businesses should take a public stand on current political and social issues. That opposition is up from 52% last year, indicating growing resistance to the trend.
Only 37% of Americans think businesses should take a public stand on LGBTQ+ issues, 45% on racial matters, 39% on gun laws, 26% on abortion, 19% on political candidates, and 15% on religion.
Gallup reports in its demographic breakdowns that younger Americans are the most in favor of business taking social stands, and Democrats favor it more than Republicans. (See Survey Results)
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➤ Republican leaders evicted Democrats Nancy Pelosi and Steny Hoyer from their coveted second “hideaway” offices so they could be reassigned. Sources said Pelosi’s office will go to former speaker Kevin McCarthy. (More)
➤ Nikki Haley has passed Ron DeSantis in New Hampshire polling; she’s now in second place behind Donald Trump in the first primary state. Haley beat DeSantis 19% to 10% in a new survey. Both trail Trump, who is polling at 49%. (More)
➤ Donald Trump filed an appeal Wednesday in his New York civil fraud case, asking for the case to be dismissed as it entered its third day of testimony. (More)
➤ Twenty GOP senators led by Sen. Rick Scott signed a letter vowing not to take up any bills unrelated to funding the government. The group warned Majority Leader Chuck Schumer against forcing a last-minute vote on an omnibus appropriations bill. (More)
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➤ The Iowa Speedway will host its first NASCAR Cup race next June, and the Brickyard 400 race at the Indianapolis Motor Speedway will return, according to the 2024 NASCAR schedule just released. (See Full Schedule)
➤ The Texas Rangers swept the Tampa Bay Rays in two games, winning 7-1 on Wednesday and advancing to the division series against the Baltimore Orioles. The Rays set a record in the first game for lowest attendance at a playoff since 1919. (More)
➤ The NCAA shortened the window for student athletes to enter the transfer portal. They had been allowed 60 days, but the NCCA shrunk the window to 45 days. (More)
Market Report 10/4/23
▲
NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations
13,236.01
+1.35%
▲
SPX S&P 500
4,263.75
+0.81%
▲
DJI Dow Jones Industrial Average
33,129.29
+0.38%
▲
BTC Bitcoin
$27,723.0
+1.06%
▲
NUVL Nuvalent, Inc.
$57.51
+35.57%
➤ Big Stock Move: Nuvalent stock soared 36% Wednesday on news that its lung cancer therapy performed well in its latest trial. (More)
➤ Netflix plans to raise prices for its ad-free service after the Hollywood actors’ strike ends. No details on the pricing were released, but Netflix stock rose on the news. (More)
➤ Starbucks is the latest retailer to retreat from downtown San Francisco, saying it would close seven of its downtown locations. The company cited a lack of a “welcoming environment” for its employees. (More)
➤ The Nobel Prize for chemistry was awarded to three scientists for their discovery of tiny clusters of atoms known as quantum dots, which are used to create the colors in our flat-screen TV sets and LED lamps. (More)
➤Astronomers have discovered dozens of Jupiter-sized objects in the Orion Nebula that are neither planets nor stars. These so-called “Jumbos” appear to be an entirely new category of astronomical object. (More)
➤ Connecticut wildlife officials caught a 400-pound roughtail stingray that measured over 6 feet long and 5 feet wide. After gently measuring the giant stingray, the team returned the ray to the water and watched it swim away. (Photo)
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➤An ABC News poll shows growing opposition to funding the Ukraine War, with 41% of Americans saying the U.S. is doing too much, up from 33% in February. Exactly half agreed with funding levels, down from 60%. (More)
➤ Americans see college campuses as much friendlier to liberals than conservatives. In a new AP poll, 47% of Americans say liberals have “a lot” of freedom to express views on campus, while only 20% said the same of conservatives. (More)
➤ The 2023 benchmarking survey from the Pew Research Center, used to help build accurate polling samples, says 47% of Americans identify as Democrats and 45% as Republicans, and that only 8% don’t use the Internet daily. (See Breakdowns)
➤ A new exhibition in London showcases 100 years of British royal coronation outfits, many of which have never been seen in public before. The 100 items on display were selected for their historic value and craftsmanship. (See Photos)
➤ A top dog trainer blames White House conditions for the behavior of President Biden’s dog Commander, who has bitten 11 Secret Service members. “It’s the wrong dog, for the wrong person, at the wrong time,” he said. (More)
➤ McDonald’s is bringing back its iconic McRib sandwich in November, just a year after saying it was gone forever. The boneless pork sandwich is loathed by some but obsessively tracked by its fans. (More)
Jordan, Scalise Vie to be Next Speaker
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