Good morning! On this day in 2016, Donald Trump was elected the 45th President of the United States, shocking the national media. You can see one network’s morning-after coverage here.
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Today’s sponsor has a unique product, a deal with Best Buy, and a great opportunity for you. Check out RYSE before it’s too late!
U.S. Credit Card Debt Hits Record High
America’s total credit card debt hit $1.08 trillion in the third quarter, an increase of 5% from the previous quarter and the highest level recorded by the Federal Reserve. Credit card delinquencies rose as well.
Compared year over year, credit card balances spiked by $154 billion as more Americans carry debt from month to month or fall behind on payments in the face of higher prices for food, gas, and housing.
After taking inflation into account, WalletHub says the current credit card debt isn’t quite the highest in history. Adjusted for inflation, that would be the fourth quarter of 2008, during the global financial crisis.
Third GOP Debate Set for Tonight on NBC
The third GOP presidential debate takes place tonight in Miami. Only five candidates will be on stage this time: Ron DeSantis, Nikki Haley, Vivek Ramaswamy, Chris Christie, and Tim Scott.
Missing are Mike Pence, who dropped out last week, along with Doug Burghum, who didn’t poll well enough to qualify. Donald Trump did qualify, but he’ll skip this debate as he did the first two and counter-program with a rally in Hialeah, Fla.
Tonight’s debate will be the first on national broadcast TV, carried by NBC beginning at 8 p.m. ET. The previous two debates were on Fox cable TV networks.
First Full-Color Views of Cosmos Released
The new Euclid “dark universe” telescope captured the first full-color views of the cosmos, delivering ultra-sharp images filled with details and sending astronomers over the moon with excitement.
The top-end space telescope can observe areas over a tremendously wide area, almost 100 times more than the James Webb Space Telescope can cover. Each of its images includes over 600 million pixels.
The Euclid images released Tuesday spanned four areas of the relatively nearby universe, including 1,000 galaxies belonging to the massive Perseus cluster 240 million light years away and more than 100,000 galaxies spread out in the background.
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➤ Americans went to the polls Tuesday with both parties waiting to see how the winds are blowing. Key races include governor matchups in Kentucky, Louisiana, and Mississippi, as well as state legislative elections in Virginia. (More)
➤ Special Counsel David Weiss told the House Judiciary Committee that he was never “blocked” from bringing charges in the Hunter Biden investigation. Weiss testified behind closed doors in a rare move by an active Special Counsel. (More)
➤Former Maryland Gov. Larry Hogan targeted both political parties on foreign policy in a new ad. Hogan is co-chair of third party No Labels, which is considering running a candidate for president. (See ad)
➤ Sen. Ted Cruz says he’s also considering running for president again in the future but didn’t feel the timing was right in 2024. He said he could accomplish more fighting against “woke” policies in the Senate right now. (More)
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Last chance to invest before this company becomes a household name
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Through retail distribution deals with Best Buy, Ring changed doorbells and Nest changed thermostats. Early investors in these companies earned massive returns, but the opportunity to invest was limited to a select, wealthy few.
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➤ Colorado University upset LSU’s reigning champion women’s basketball team in its opening game Monday night. LSU became the first women’s champion to lose its opener since 1995. (More)
➤ Ichiro Suzuki, the Japanese baseball superstar with the most total hits of any pro player in history, is 50 now but still works with young players. He smashed a towering home run right through a high school window. (See the Blast)
➤ Teenage figure skater Isabeau Levito became the first U.S. female skater to win a Grand Prix title in seven years with her singles victory this weekend in the 2023 Grand Prix de France. (See Performance)
Market Report 11/7/23
▲
NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations
13,639.86
+0.90%
▲
SPX S&P 500
4,378.38
+0.28%
▲
DJI Dow Jones Industrial Average
34,152.80
+0.17%
▲
BTC Bitcoin
$35,314.0
+0.74%
▲
DDOG Datadog, Inc.
$102.20
+28.47%
➤ Big Stock Move: Datadog stock surged 28% Tuesday after the cloud computing company reported stronger-than-expected earnings and full-year guidance. (More)
➤ WeWork filed for bankruptcy in federal court Monday in one of the biggest corporate collapses in recent history. The office-sharing firm was valued at $47 billion in 2019 but was hit hard by the Covid pandemic. (More)
➤ Heinz announced plans to release a new pickle-flavored ketchup early next year, citing research that three-fourths of American enjoy the taste of pickles. “It’s a big dill,” the company said in a news release. (More)
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If you missed out on investing in Ring early on, you’re not alone! The founder of Ring pitched on the hit show Shark Tank at a valuation of just $7 million and the sharks shut him down.
5 years later, the company sold to Amazon for more than $1 Billion. Turning the 10% stake initially offered to the sharks from $700K into $100M!
➤ Astronomers have discovered the oldest black hole yet, formed at the dawn of the universe. The black hole is huge, 10 times bigger than the one in our own Milky Way. (See Illustration)
➤ The Air Force is asking Congress to protect its nuclear launch sites from the encroachment of wind turbine farms. The turbine blades endanger military helicopter pilots, and the Air Force wants a two-mile buffer zone. (More)
➤ Researchers are developing a real-life tractor beamto help solve the space junk problem. The “electrostatic tractor” uses electrostatic attraction to nudge hazardous objects out of Earth’s orbit. (See Illustration)
➤ Even billionaires wish they could go back in time and give their younger selves some wisdom. Three business titans offer the advice they wish someone had given them back in the day. (See Advice)
➤ An interactive Library Map tool containing over 100,000 book titles allows readers to discover new books by zooming in on bubbles of related books sorted by genre and significance, not unlike zooming in on a celestial star map. Genres are grouped by color, and the books’ significance by the size of the bubbles. (See Map)
➤ People smart about personal finance share a number of traits: They educate themselves, they’re disciplined, and they know their priorities. Here are 14 characteristics of people who manage themselves wisely. (See List)
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➤ The Daily Article is a newsletter that processes the news with Christian principles. It feels like the world gets a little more chaotic every day, and The Daily Article exists to help you sort through it all with Christ at the center. Join here with one click!
➤ An injured American kestrel named Ferrisburgh has lost his ability to fly, but has taken up a new career as a painter. The bird runs across a canvas with paint on his feet and leads art classes for people interested in birds. (See Photo)
➤ U.S. News has crunched the data to uncover the ten most popular dog names in the U.S., and they don’t include Fido or Butch. The No. 1 name is Bella, followed by Luna and then Max. (See Top 10)
➤ The work of stained-glass artist Narcissus Quagliata is showcased in a new documentary, “Holy Frit.” He uses custom chemistry to create striking stained-glass pieces for churches, homes and exhibitions. (See Work)