What flopped…Wall Street. Yesterday, US stocks dropped after one of the Big Three credit rating agencies downgraded America's rating. The S&P 500 dropped to around 1.4% — its lowest level since April. The Nasdaq and Dow also dropped by 2.2% and 1% respectively. Earlier this week, Fitch bumped the US down to AA+ from the highest AAA rating. The agency said the downgrade — the first one since 2011 — was in response to the debt ceiling standoff in Congress, the Jan. 6 insurrection, and a "steady deterioration in governance." Experts don't expect an immediate change for most consumers, but it could lead to higher borrowing costs.
Who got sentenced…The Pittsburgh synagogue gunman. Yesterday, jurors sentenced 50-year-old Robert Bowers to death. It's the first federal death penalty imposed under the Biden admin, which has put a moratorium on executions. Bowers was convicted for killing 11 people at the Tree of Life synagogue in October 2018 — the deadliest antisemitic attack in US history. Today, families are expected to address the court.
Where people are chasing dreams…The World Cup. Yesterday, underdog Jamaica stunned the world after advancing to the last 16 of the Women's World Cup for the first time. Affectionately known as the "Reggae Girlz," they beat the odds and drew with Brazil 0-0. ...Oh and speaking of underdogs, Somalia's gov suspended a national athletics official for selecting an untrained runner to compete in China's international 100-meter race. The Somali runner finished more than 10 seconds behind the winner (which is worse than it sounds).
Who's turning a new maple leaf…The Trudeaus. Yesterday, Prime Minister Justin Trudeau announced he is separating from Sophie Grégoire, his wife of 18 years. The couple said they came to the decision after "many meaningful and difficult conversations," and promised to remain a close family. Cue the sound of people everywhere realizing Trudeau is now single.
Who's trying to write in a happy ending…Studios, heading back to the negotiating table.
Who's expected in court today…Former President Trump.
What's going up like it's stuck…The bids for Cardi B's infamous microphone. |
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