Thursday, September 28th, 2023

Politics

➤ Congressional leaders are frantically maneuvering to avoid a government shutdown on Sunday. In the House, Speaker Kevin McCarthy plans a vote on a short-term spending bill today while the Senate races to get a competing bill to the House. (More)

President Biden’s dog Commander bit another Secret Service employee this week, getting him close to an even dozen Secret Service agents the German Shepherd has now bitten. The latest victim was treated on-site and didn’t need hospitalization. (More)

➤ Groups of teenagers in Philadelphia looted multiple stores across the city after a judge dismissed murder charges against a police officer. Police have arrested 30 teens and say they’re seeking others “looking to destroy our city.” (More)

The Speaker of Canada’s House of Commons resigned under pressure after inviting a Ukranian man who fought for a Nazi unit to Parliament and praising him. The incident drew global condemnation. (More)

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The Flyover

A Banksy got everyday investors 32% returns?

Mm-hmm, sure. So, what’s the catch? 

We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.

These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.

But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:

  • outpaced the S&P 500 by 131% over the last 26 years

  • have the lowest correlation to equities of any asset class

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Got your attention yet? Flyover readers can skip the waitlist with this exclusive link.

Sports

➤ Deion Sanders’ son Shilo, a safety for the Colorado Buffaloes, was hospitalized after their game with Oregon. Coach Sanders said Shilo was on the mend but may not be able to play this Saturday against USC. (More)

➤ Brooks Robinson, the legendary Hall of Fame third baseman for the Baltimore Orioles, died Tuesday at 86. Robinson was saluted for being a genuinely nice guy as well as one of the best infielders who ever lived. (More)

The Iowa Pork Association partnered with four Iowa State football players in a creative Name, Image, and Likeness (NIL) deal. The players are Myles Purchase, Tyler Moore, Tommy Hamann, and Caleb Bacon. Together, they’re: “Purchase Moore Hamann Bacon.” (See ad)


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Finance

Trend LineMarket Report   9/27/23

NASDAQ
Natl. Assoc. of Securities Dealers Automated Quotations
13,092.85
+0.22%
SPX
S&P 500
4,274.51
+0.02%
DJI
Dow Jones Industrial Average
33,550.67
0.20%
BTC
Bitcoin
$26,481.0
+0.34%
NEP
NextEra Energy Partners, LP
$37.46
20.13%

Big Stock Move: NextEra Energy Partners, a renewable energy operator, saw its stock drop 20% Wednesday after it reduced its growth expectations for the next few years. (More)

➤ Costco told investors that it sells out of its one-ounce 24-karat gold bars within a few hours whenever they become available online. The gold bars are priced at about $2,000, available only to Costco members, with a two-bar limit. (More)

➤ Prescriptions for Ozempic, Wegovy, and similar obesity drugs increased 300% in the last two years, with 9 million prescriptions written during the last three months of 2022 alone. (More)


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Science & Technology

➤ U.S. astronaut Frank Rubio, who spent more time in space than any other American, landed safely Tuesday in Kazakhstan with his two Russian cosmonaut colleagues after more than a year on the International Space Station. (See Video)

The last supermoon of 2023 will rise on Friday, a giant September Harvest Moon that will be joined by a parade of planets in the sky, including Jupiter, Saturn and Mercury. (Details Here)

Human radiologists outperformed AI in accurately identifying the presence of three common lung diseases, according to a new study based on more than 2,000 chest X-rays. In some cases, the AI diagnoses were significantly off. (More)

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Masterworks enables its 820,000+ users to access investments in multi-million dollar artworks by artists like Banksy, Basquiat, and Picasso for just a fraction of the cost of an entire piece. When Masterworks sells a painting, like the 16 it’s already sold, investors reap their portion of the net proceeds. In fact, its investors have already realized annualized net returns of 17.8%, 21.5%, 35%, and more. Every offering is limited, and shares can sell out in just minutes, but Flyover readers can skip the waitlist with this exclusive link.

Past performance is not indicative of future returns. Investing involves risk. See disclosures masterworks.com/cd

The Rotator
Thursday Polling Station

 A majority of Americans say the U.S. is one of the greatest countries in the world, according to the Pew Research Center, and 20% say the U.S. “stands above all other countries.” That’s down from 24% in 2019. (More)

A new poll shows that only 23% of U.S. adults “definitely” plan to get the new COVID shot, while another 23% will “probably” get it. About 37% say they won’t get the new vaccine. (More)

President Biden is struggling to win support from young Black voters, with only 21% of Black voters between 18 and 49 wanting him to be the Democratic nominee. (More)

Et Cetera

 A DoorDash driver had his license suspended after mistakenly driving into a swamp with his Dunkin Donuts delivery order. The driver claimed he was following his GPS instructions and “somehow ended up in a body of water.” (See Photo)

➤ Seabound thieves are raiding yachts and houseboats in the San Francisco Bay near Oakland, stealing what they can and then sinking the boats. Local boat owners blame people living in nearby homeless camps. (More)

The National Trust has published its 2023 list of “most endangered historic places” in the U.S. They range from an Arizona gas station to a ramshackle wooden church in Louisiana. (See Photos)

Poll Position

Who do you think won last night’s GOP debate?

  1. Ron DeSantis
  2. Nikki Haley
  3. Mike Pence
  4. Tim Scott
  5. Chris Christie
  6. Vivek Ramaswamy
 

Tuesday’s Results:

Do you plan to watch tonight’s GOP debate?

  1. Yes: 33%
  2. No: 67%

Quote BoxDaily Quote

Quote “Another great one is called to heaven. They got some all-stars up there.

Houston Astros manager Dusty Baker, on the death of Baltimore Orioles great Brooks Robinson.

TriviaToday’s Trivia

What is a group of pandas called?

Show me the answer

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