Good Morning! On this day in 2012, NASA’s Curiosity rover successfully landed on Mars using a new technique called a “sky crane.” Unlike previous rovers, Curiosity was gently lowered to the surface using cables by the rocket-propelled sky crane instead of airbags.
You may have noticed that we goofed up and sent our Florida edition yesterday, instead of the regular Flyover. Whoops! Sorry for the confusion. If you didn’t know we had special state editions of The Flyover, you do now 😁. In fact, we’re launching a new state in August—and another one in September! We’ll announce the details soon. For now, hit reply and tell us which state you think should get its own edition. We want to hear from you!
Today’s sponsor is American Hartford Gold. Don’t miss their free guide to financial protection.
Markets Continue to Slide
Markets fell severely on Monday, highlighted by the seven most valuable U.S. tech companies losing about $1 trillion in market value.
Monday’s decline began with Japan’s Nikkei falling 12.4%, marking its worst day since the 1987 Black Monday crash. In the U.S., the S&P 500 dropped 3%, the Dow plunged 1,033 points, and the Nasdaq decreased by 3.4%.
Tech companies were among the worst performers on Monday as Nvidia lost 6.4%, Apple fell 4.8%, Tesla dropped 4.2%, and Super Micro Computer was down 2.5%.
The markets’ performance and a poor July jobs report have ignited concerns that the U.S. economy is slowing. Investors are worried that the Federal Reserve has moved too slowly and will need to play catch-up in cutting rates.
Google Loses Landmark Antitrust Case
A federal U.S. judge ruled on Monday that Google has illegally maintained a monopoly in search and text advertising markets, violating antitrust laws.
The government alleged that Google created strong barriers to entry to maintain its dominance in general search.
This case is part of a broader push by regulators to scrutinize big tech companies for monopolistic practices, with Google facing another antitrust lawsuit later this year focused on its advertising practices.
The storm is now moving towards Georgia and the Carolinas, with forecasts predicting up to 30 inches of rainfall in some areas. Here’s the timing of the most serious flood threats for the next few days.
Emergency officials in affected states are warning residents to stay vigilant and prepare for potentially historic flooding events.
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➤ President Biden and Vice President Harris met with national security officials in the White House Situation Room on Monday, as Iran reaffirmed its intention to punish Israel for the killing of top Hamas political leader Ismail Haniyeh in Tehran. (More)
➤Senate Judiciary Committee Chairman Dick Durbin expressed disappointment in Defense Secretary Lloyd Austin’s decision to revoke the plea deals with accused 9/11 terrorists and urged him to reinstate the deals. (More)
➤ Former Speaker Nancy Pelosi denied reports that she phoned or pressured President Biden to end his presidential campaign, despite several reports indicating her involvement. (More)
➤ Robert F. Kennedy Jr. began his fight to remain on New York’s ballot on Monday, contesting allegations in a New York court that the independent presidential candidate falsely claimed state residency on his nominating petition, despite his primary residence being in California. (More)
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The ‘digital dollar’ puts all your money in the hands of the government.
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➤ The Chicago White Sox are one of seven MLB teams to have lost 20 or more games in a row following a 13-7 loss to the Minnesota Twins on Sunday. The White Sox are on pace for a dismal 38-win season.(More)
➤ The Washington Commanders confirmed that rookie quarterback Jayden Daniels, the second overall draft pick, will make his NFL debut in Saturday’s preseason game against the New York Jets. (More)
➤ Philadelphia Phillies center fielder Brandon Marsh made an amazing catch despite seemingly being unable to see the ball before it landed in his glove. (See Catch)
U.S. gymnast Simone Biles won the silver medal in the Olympic floor exercise finals on Monday, securing her fourth medal in Paris and eleventh overall, despite a routine marred by out-of-bounds steps. (More)
Former swimmer Michael Phelps, a 23-time Olympic gold medalist, called for a lifetime ban on those who test positive for a banned substance after nine of 23 Chinese swimmers with previous positive results won medals in Paris. (More)
Paraguayan Olympic officials asked swimmer Luana Alonso to leave the Olympic Village, citing her social life and Disneyland Paris trip as distractions detrimental to Team Paraguay’s focus. (More)
What to watch: Today is an important day for several U.S. women’s teams. The volleyball and water polo teams have quarterfinal matches against Poland and Hungary, while the women’s soccer team will face Germany in the semifinals. On the men’s side, Team USA basketball will compete against Brazil in the quarterfinals. (See Full Schedule of Events)
NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations
16,200.08
-3.43%
▼
SPX S&P 500
5,186.33
-3.00%
▼
DJI Dow Jones Industrial Average
38,703.27
-2.60%
▼
BTC Bitcoin
$54,518.72
-6.19%
▲
GOLD Per Ounce
$2,452.10
+1.09%
▲
K Kellanova
$73.20
+16.23%
➤ Big Stock Move: Kellanova stock rose 16% on the reports that Mars, the maker of M&M’s and Snickers, is exploring a potential acquisition. (See Details)
➤ AST SpaceMobile announced Monday it received regulatory approval to launch and operate its first five commercial satellites, aiming to provide space-based cellular broadband directly to smartphones in the U.S. (More)
➤ The U.S. plans to ban Chinese software in self-driving vehicles soon, effectively prohibiting Chinese-made autonomous vehicles from being tested on U.S. roads. (See Details)
➤The EV maker Lucid announced on Monday a $1.5 billion cash infusion from Saudi Arabia’s Public Investment Fund, supporting its plans for new models and operations through late 2025. (More)
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➤ Hot Stock to Watch Today. This $1 high-growth gaming stock is backed by Cowboys owner Jerry Jones and is on pace for a record $100 million in sales this year. One analyst just predicted a nearly 400% move from current prices. Click here to get all the details!
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➤Scientists have speculated that the organic compounds found on a Martian rock last month may indicate chemical reactions and provide evidence of ancient microbial life on Mars. (More)
➤ New research on sleep-deprived mice demonstrates reduced brain activity, shedding light on why humans experience cognitive impairment and memory issues when lacking adequate sleep. (See Study)
➤ A list of the “coolest extinct reptiles” ranked the colossal Titanoboa snake and the giant marine lizard mosasaur as two of the top four that once inhabited the Earth. (See Images)
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➤ The Grand Canyon Railway offers a scenic 65-mile journey from Williams, Arizona, to the South Rim, featuring live entertainment, various service classes, and stunning views of the canyon. (See Photos)
➤ A restaurant in the Arctic Circle town of Longyearbyen, Svalbard, offers creative fine dining using local ingredients like reindeer, seal, and whale. (More)
➤ This list highlights seven of America’s steepest hikes, including Mount Rainier and Mount Whitney, challenging hikers through difficult terrain and rewarding them with breathtaking views. (See List)
➤ In a new book set to release mid-August, ‘Billionaire, Nerd, Savior, King: Bill Gates and His Quest to Shape Our World,‘ a New York Times reporter details allegations that Microsoft banned Gates from being alone with interns due to inappropriate behavior around young women. (See Details)
➤ Mainers will vote in November on adopting a new state flag featuring a pine tree and blue star, designed by Adam Lemire. It’s inspired by Maine’s original 1901-1909 flag. (See Flag)
➤ A homeowner in Pocono Lake, Pennsylvania, had an unexpected guest when a hungry bear casually entered her kitchen, feasted on snacks for an hour, and left with tostada shells. (Watch Video)
Markets Continue to Slide 
U.S. gymnast Simone Biles won the silver medal in the Olympic floor exercise finals on Monday, securing her fourth medal in Paris and eleventh overall, despite a routine marred by out-of-bounds steps. (
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