High Courts & Boeing Blunder

Heyo, reader! We hope you’re having a good Wednesday morning!

2️⃣ This Morning’s Two Reports:

• 🏛️ Supreme Court Skeptical of Key January 6 Charge

• 🛫 Boeing Setback Costs United Airlines $200 Million

📊 Market Snapshot

• DOW: 🔼 0.17% (37,798.97)

• S&P 500: 🔽 0.21% (5,051.41)

• NASDAQ: 🔽 0.12% (15,865.25)

• BTC: 🔼 0.21% (63,837.10)

• ETH: 🔼 0.24% (3,089.66)

📎 Market Clips

• Iranian rial hits all-time low against the dollar following attacks on Israel

• Fed Chair Powell notes no significant progress on inflation this year

_{*Stock numbers as of market close, cryptocurrency as of 8:45pm EST yesterday. Source for Market Clips.}

First Report

🏛️ Supreme Court Skeptical of Key January 6 Charge

The Supreme Court recently indicated potential doubts about a specific charge used against participants of the January 6, 2021, Capitol riot. This felony charge, designed originally to combat evidence tampering, might be considered overly broad when applied to the events of that day, which included violent actions to obstruct a federal proceeding. Most justices voiced concerns over the application of this law, initially passed in response to financial scandals like Enron.

TL;DR ⏳: The Supreme Court may narrow the scope of a felony charge against January 6 rioters, impacting both past convictions and future cases.

Second Report

🛫 Boeing Setback Costs United Airlines $200 Million

United Airlines faced significant financial turbulence due to Boeing's quality issues, resulting in a $200 million expense in the first quarter. The grounding of the Boeing 737 Max 9 for three weeks, initiated by a serious door plug incident on an Alaska Airlines flight, impacted United's profitability. This incident has intensified scrutiny on Boeing's aircraft safety and led to reduced jet deliveries, affecting United's operation plans and financial results.

TL;DR ⏳: United Airlines incurred a $200 million loss from the grounding of Boeing 737 Max 9 jets, overshadowing what would have been a profitable quarter.

⚡ Quick Hits

1. 🔸 Trump hush money case paused until Thursday

2. 📜 Articles of impeachment against Mayorkas delivered to Senate

3. 🌪 Severe weather in Midwest brings large hail and tornadoes

4. 🚗 Elderly Ohio man kills Uber driver after both are scammed

5. 📚 Florida’s Governor DeSantis enacts law to restrict book challenges

6. 🏥 CDC probes errors in Botox injections across nine states

7. 🔥 Historic Copenhagen stock exchange building damaged by fire

8. 🌧 Unusual heavy rains in Dubai cause widespread flooding

9. 📉 Trump’s business value falls as Truth Social ventures into streaming

10. 🚫 Southern state governors advise against joining UAW union

Games

Fun Fact: Did you know? Antarctica is the only continent that’s a no-fly zone for reptiles and snakes! That’s right, not a single slithering or scaly resident in sight. So if you’re not a fan of cold-blooded critters, Antarctica might just be your paradise! 🌍❄️