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Hello Capitalists,
Here is everything we are following today:
Is the shutdown going to happen because Chuck Schumer is scared of AOC?
Radio Shack and Pier1 owners ran a million dollar Ponzi scheme
JPM Chase is now the worlds first AI Megabank
Doordash’s robot delivery army takes to the streets
“Rosie” is the best looking drone killer on the market after a manufacturing mistake
Today’s markets: [ [link removed] ]
🔴DOW: 46300.78 (⬇️ 0.03%)
🔴S&P: 6659.58 (⬇️ 0.01%)
🔴NASDAQ: 22563.64 (⬇️ 0.12%)
⚠️CBOE VIX Volatility Index: $16.38 (⬆️1.36%)
It’s a “Knife edge” moment for the economy as the Govt Shutdown looms
A partial U.S. government shutdown looms [ [link removed] ] at midnight Tuesday as partisan gridlock deepens, with Vice President JD Vance warning of inevitable closure amid stalled funding talks as Democrats refuse to negotiate. Experts fear it could tip the fragile economy into recession by halting vital data and services nationwide.
Playing politics with the economy: Senator Tom Cotton issued a scorching statement suggesting a reason for Schumer’s refusal to cooperate is because he is worried about his seat, [ [link removed] ] saying: “Chuck Schumer is shutting down the government because he’s terrified of a primary from AOC. His actions are disgraceful.”
Political Deadlock Escalates Tensions: Senate leaders Schumer and Thune clashed in an Oval Office meeting, with Thune accusing Schumer of “purely and simply hostage taking” over his obstruction. Currently there is no funding deal emerging despite repeated failed votes with the shutdown to begin at midnight tonight.
Democrat Demand’s: Democrats seek to lock in COVID-era healthcare subsidies in any new deal and will not agree to a stop gap funding effort without it.
Economic Fragility Heightens Risks: With labor market softening and continued high interest rates already putting a strain on U.S. growth, expert Michael Linden warns shutdown would exacerbate the “knife’s edge” vulnerability adding that “Adding a government shutdown to the mix certainly won’t help.”
Data Blackout Disrupts Markets: Cessation of federal economic report creation due to the shutdown could also blind investors and the Federal Reserve to key inflation and jobs indicators ahead of October policy decisions.
Trump Firings Threaten Permanence: The Trump administration is also eyeing mass layoffs of federal workers if the impasse persists, which would be beyond the routine unpaid furloughs and park closures.
Together with Health Science Institute [ [link removed] ]
Big Pharma’s death-rattle could kill senior Americans [ [link removed] ]
Dear Reader,
Things are moving fast.
RFK, Jr. has unleashed a fatal strike [ [link removed] ], catching the Deep State off-guard.
And now, Big Pharma’s desperate race for survival [ [link removed] ] hinges on putting you, me, and every American over 55 in harm’s way.
To help you protect yourself, we’ve put together an urgent video [ [link removed] ].
Do NOT take another dose of prescription medication...
Do NOT subject yourself to another diagnostic test...
Do NOT set foot in a medical facility...
Until you’ve watched this shocking presentation [ [link removed] ] to the end.
P.S. What you’re about to see may frighten you to the core. It could also save your life. Please watch this video now [ [link removed] ] before a radical liberal judge has it banned.
Radio Shack and Pier1 owners BUSTED over $112M Ponzi Scheme by the SEC
The SEC on Tuesday charged Alex Mehr and Tai Lopez, founders of Retail E-commerce Ventures that acquired bankrupt chains like RadioShack and Pier 1 Imports, with orchestrating a $112 million Ponzi scheme, [ [link removed] ] luring investors with false promises of sky-high returns on floundering retail brands from April 2020 to November 2022.
SEC Alleges Fraudulent Promises: Executives sold unsecured notes and shares touting up to 25% annual returns, misrepresenting unprofitable brands as thriving cash cows via hype videos and materials.
Investor Funds Mismanaged: The executives raised $112 million purportedly for brand acquisitions, but instead used it to pay $5.9 million in returns to earlier backers and siphon $16.1 million personally.
Brands Faced Inevitable Collapse: Companies like Modell’s Sporting Goods and Dress Barn generated revenue but zero profits, defaulting on debts and selling to Omni Retail Enterprises.
Legal Reckoning Unfolds: Complaint filed in Southern District of Florida seeks injunctions, disgorgement of gains, and penalties amid broader scrutiny of REV’s opaque operations.
JPM Chase will be the worlds first Megabank run by AI
JPMorgan Chase, the world’s largest bank by market cap, is transforming into the first fully AI-powered megabank [ [link removed] ], deploying advanced large language models to automate investment banking decks and M&A memos, chief data analytics officer Derek Waldron announced Tuesday.
Massive Workforce AI Access: 250,000 employees (excluding branch and call center staff) now use the LLM Suite daily, powered by OpenAI and Anthropic models updated every eight weeks with internal data.
Agentic AI Deployment Accelerates: The bank shifting to “agentic” AI for multistep tasks, slashing creation time for five-page investment decks from hours to 30 seconds.
Staff Reduction Looms Ahead: Consumer banking operations staff are projected to drop at least 10% in five years; junior banker jobs are also eyed for cuts, with half relocated to low-cost hubs like India and Argentina.
Industry Edge Emerges Boldly: Chase’s intention is to reshape finance with more AI-driven processes while prioritizing client-facing roles.
DoorDash unleashes a delivery robot revolution on Phoenix
DoorDash launched its autonomous delivery robot Dot on Tuesday [ [link removed] ], zipping through Phoenix sidewalks at 20 mph with lidar smarts and pizza-hauling muscle—up to six boxes—to slash missing orders and conquer urban chaos.
Dot’s Tech Arsenal Unveiled: Equipped with eight cameras, three lidar sensors, and an internal food-check cam, Dot navigates streets and lots while weighing orders to cut complaints by 30%.
Phoenix Testing Grounds Activated: Already trialed in Phoenix, Dot opens to local merchants via DoorDash’s new platform, blending robot runs with drone options for faster urban deliveries.
Execs Champion Autonomy Surge: Co-founder Stanley Tang calls Dot a game-changer for complex routes, filling gaps no off-the-shelf tech can handle in DoorDash’s massive ecosystem.
Rivals Heat Up Robo-Race: Amid Uber’s drone and Waymo tie-ups, DoorDash eyes nationwide expansion, arming merchants with tools to boost efficiency and customer satisfaction.
“Rosie” is the swankiest drone killing turret after manufacturing mistake
Defense startup Allen Control Systems unveiled a flashy rose-gold version [ [link removed] ] of its AI-powered Bullfrog anti-drone weapon after an ordering blunder, showcasing tech that autonomously detects and blasts incoming drones up to 800 meters away to counter battlefield threats.
AI Detection Revolution: Bullfrog employs electro-optical scanners and game-trained AI to identify drone models instantly, adapting to new threats without radar’s detectable emissions.
Autonomous Targeting Edge: System enables hands-off operation for rapid hits on fast-moving Group 1-3 drones, or joystick control, filling gaps in tank defenses exposed in Ukraine.
Military Integration Push: Founders pitch Bullfrog for Army and SOCOM contracts, eyeing vehicle mounts on Bradleys under the Transforming in Contact initiative.
Global Glam Appeal: CEO jokes rose-gold “Rosie” could lure Saudi and Emirati buyers, backed by cheeky merch like “If it flies, it dies” t-shirts.
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