Arms Policy & Carrier Fines

📊 Market Snapshot | Extended Edition

Stocks (Year-to-date)

• DOW: 🔼 4.77% (39,512.84)

• S&P 500: 🔼 10.12% (5,222.68)

• NASDAQ: 🔼 10.67% (16,340.87)

Cryptocurrency (Year-to-date)

• BTC: 🔼 39.06% (61,470.60)

• ETH: 🔼 24.67% (2,933.85)

Real Estate Mortgage Rates

• 15-year: 6.64% +0.01

• 30-year: 7.16% +0.01

📎 Market Clips

• Traders rethink Bank of England rate cuts amid UK's quickest growth in almost 3 years

_{*Stock numbers as of market close Friday, cryptocurrency as of 9:10pm EST yesterday. Real estate rates as of yesterday via Mortgage News Daily. Source for Market Clips.}

First Report

🌍 UK Foreign Secretary on Hamas

In a recent statement, Britain's Foreign Secretary emphasized that cutting off arms sales to Israel would inadvertently empower Hamas, arguing against halting exports despite international concerns over human rights. The U.K. plays a minor role in supplying Israel with arms, providing less than 1% of their total arsenal and maintaining a strict licensing regime. This stance comes amidst the U.S. President's warning that America may stop arms supplies if Israel attacks Rafah, a major strategic point in Gaza. 🇬🇧📄

TL;DR ⏳: The U.K. maintains its minimal arms trade with Israel, stressing it prevents strengthening Hamas, despite pressure to emulate U.S. restrictions.

Second Report

📱 Major Cell Carriers Fined $10M

Verizon, AT&T, and T-Mobile have agreed to pay a $10.22 million settlement to resolve accusations of misleading advertising related to their 'unlimited' data plans and 'free' phone offers. The settlement follows a comprehensive investigation by a coalition of 50 state attorneys general demanding greater transparency in cellular service advertisements. Under the new agreement, the carriers must clearly disclose any restrictions on data usage speeds and terms for promotional offers, ensuring consumers are not misled by the allure of nonexistent perks. 👨‍⚖️🛜

TL;DR ⏳: Verizon, AT&T, and T-Mobile settle for $10 million over misleading 'unlimited' plans and phone offers, pledging clearer ads.

⚡ Quick Hits

1. 🎓 Duke University sees walkout during Jerry Seinfeld's commencement speech

2. ⚡ Rescheduling of Francis Scott Key Bridge wreckage removal due to lightning

3. 🏥 First recipient of a genetically modified pig kidney transplant passes away

4. 🇷🇺 Vladimir Putin suggests a surprise reshuffle of Russian defense chief amid Ukraine conflict

5. 🕊️ Blinken states the U.S. requires a "credible plan" to protect civilians for supporting Rafah incursion

6. 💥 Sen. Lindsey Graham discusses nuking Gaza, refers to Hiroshima as 'the Right Decision'

7. 🍏 Workers at a Maryland Apple store vote to authorize strike

8. 💼 Jim Simons, legendary billionaire in quantitative investing, dies at 86

9. 🇫🇷 Amazon, Morgan Stanley, Pfizer set to announce investments in France

10. 🚫 Federal judge stops White House plan to reduce credit card late fees

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