Boeing's rocket finally launched...
June 06, 2024 [View Online]( | [Sign Up]( | [Shop]( [Morning Brew]( PRESENTED BY [LMNT]( Good morning. Today is the 80th anniversary of D-Day, and this yearâs event is especially poignant: It could be the last major commemoration that involves WWII veterans. People who were 20 years old when Allied soldiers stormed the beaches of Normandy on June 6, 1944, are now 100. Given the gravitas of this yearâs anniversary, organizers are giving it a âlast hurrahâ feel, holding concerts, parachute drops, ceremonies, and parades in what will be the biggest D-Day commemoration in history. Fewer than 200 WWII vets have traveled to France, supported by aides, to take it all in one final time. President Biden is one of roughly 25 world leaders who will be in Normandy to mark the occasion. âMolly Liebergall, Matty Merritt, Cassandra Cassidy, Abby Rubenstein, Neal Freyman MARKETS Nasdaq 17,187.90 +1.96% S&P 5,354.03 +1.19% Dow 38,807.33 +0.25% 10-Year 4.289% -5.0 bps Bitcoin $71,121.47 +0.77% Nvidia $1,224.40 +5.16% Data is provided by *Stock data as of market close, cryptocurrency data as of 6:00pm ET. [Here's what these numbers mean.]( - Markets: The S&P 500 and the Nasdaq closed at [record highs]( yesterday as tech stocks ascended. Nvidia soared after unveiling new chips ahead of its hotly anticipated stock split. It closed with a market cap above $3 trillion, besting Apple to become the second-most valuable company in the US. A sign weâve reached peak AI hype: a woman asked CEO Jensen Huang to [sign her chest](. Â REAL ESTATE [Detroitâs decades-old eyesore is all glowed up](
[Split-screen of the old vs. new Michigan Central Station]( Boyd/Getty Images, Michigan Central Imagine not working for 35+ years, getting a multimillion-dollar makeover paid for by Ford, and then being serenaded by Diana Ross and Big Sean at an Eminem-produced concert. Thatâs reality for Detroitâs Michigan Central Station, where a star-studded show will take place outdoors tonight to mark the beginning of the formerly abandoned buildingâs [new life]( as a Motor City business hub. To backtrack: Fenced in by barbed wire, the former railroad depot stood in disrepair from 1988, the year before the Berlin Wall fell, until 2018, when Ford bought the [much-vandalized]( 18-floor building for $90 million with plans to help revive Detroitâs economy, five years after the cityâs bankruptcy. $900+ million in renovations laterâ¦Ford is finally unveiling the [refurbished station](. Itâs intended to house some of the companyâs operations, other businesses, and startups, shops, an event space, and more community draws. Googleâs Code Next Detroit, an education program, is slated to move in this month. Donât sleep on Detroitâs comeback Central Station 2.0 is expected to bring thousands of tech jobs to the area and boost surrounding service-industry businesses, like restaurants and hotels. And itâll just be one building at the heart of Fordâs planned 30-acre, $1 billion technology campus, which the carmaker said will be mostly running in three to five years. On the up: In 2023, Detroitâs population increased for the first time in almost seventy years. Plus, offices there arenât facing vacancy issues like in Los Angeles and Chicago. Thatâs largely thanks to the Ford family and the owners of Rocket Companies and Little Caesars, a triumvirate of billionaires who have invested so much in downtown Detroit that they own ~70% of its offices. While thatâs a boon for property valuesâ¦locals are also worried about gentrification. Median rent in Detroitâs metro area increased 5x the national average in April, and area homeowners and small business owners [told]( the New York Times that theyâve fielded countless calls from out-of-towners or realtors who want their properties.âML PRESENTED BY LMNT [Summertime hydration hack](
[LMNT]( Feeling the burn yet? Summer 2024 is gearing up to be a scorcher, so you need to stay on top of your hydration game. Luckily for you, LMNT has hydration on lock with their [electrolyte drink mix]( formulated with a science-backed electrolyte ratio. Their secret sauce packs 1,000 mg of sodium, 200 mg of potassium, and 60 mg of magnesium, with absolutely no dodgy ingredients or sugar added. Just enough sodium, vitamins, and minerals to keep you hydrated and healthy in these hot temps. [Keep your energy up]( (and your headaches and muscle cramps down) by claiming your free sample pack with any drink-mix purchase. [Stay hydrated](. WORLD [Tour de headlines](#)
[A super bowl event featuring ads for the NFL Sunday Ticket]Rich Graessle/Icon Sportswire via Getty Multibillion-dollar trial over NFLâs Sunday Ticket kicks off. The trial in an [antitrust suit]( filed by fans over the NFLâs Sunday Ticket package for watching out-of-market games that arenât part of local broadcasts on Sunday afternoons began in a Los Angeles courtroom yesterday, nine years after the case was filed. The suit claims that NFL teams conspired with DirecTV to keep the price high. The NFL argues its broadcasting deals are exempt from antitrust rules under federal law. If a jury agrees that the leagueâs actions were out of bounds, the NFL could face as much as $21 billion in damages, according to the WSJ. NYCâs controversial congestion pricing halted indefinitely. In a last-minute switcheroo, New York Gov. Kathy Hochul [pressed pause]( on the cityâs plan for new tolls to cut back on traffic and raise revenue just weeks before it was scheduled to take effect on June 30. Hochul said the plan ârisks too many unintended consequences,â but some economists and transportation advocates accused her of tossing out decades of work on the congestion pricing plan to avoid a sensitive election topic. [Critics]( of the planâincluding the governor of New Jersey, who celebrated its demiseâdecried it as a tax on commuters. ð Dollar Tree mulls selling Family Dollar. Sometimes when your relationship isnât working out, itâs best to break up, and that seems to be why Dollar Tree is thinking about [selling off]( Family Dollar, which it acquired in 2015 for almost $9 billion. Yesterday, Dollar Tree said it was thinking about selling the brand off, after shuttering hundreds of stores last quarter. Dollar Tree outbid rival Dollar General to snap up Family Dollar, but the chain turned out to be in bad shape and Dollar Tree has been struggling ever since while Dollar General has thrived. SPACE [Boeing finally gets to space](
[Starliner launch.]( Raedle/Getty Images The only thing that has seen more delays than a Boeing spacecraft? The airlines using its planes on MDW. But the companyâs first crewed spaceflight mission [launched]( successfully yesterday, so execs could finally pop that bottle of unintentionally aged Dom Pérignon to celebrate. With the Atlas 5 rocketâs 1.6 million pounds of thrust underneath them, astronauts Suni Williams and Butch Wilmore blasted off at 10:52am ET yesterday onboard Boeingâs Starliner capsule. Theyâre headed for the International Space Station (ISS). The journey is expected to last 25 hours before the capsule docks on the ISS, where the astronauts will spend over a week before returning to Earth on June 14. Boeing is still behind. We wonât even get into its expensive [air]( and [land]( messes. Nearly a decade ago, NASA gave as much as $6.8 billion in contracts to Boeing and SpaceX to shuttle its astronauts to space. And while Boeingâs first launch was delayed for seven years and came in $1.5 billion over budget, SpaceX is gearing up today for its fourth test flight of the Starship rocket and Super Heavy launch vehicle. A lunar variant of the Starship will be used as part of the NASA Artemis 3 mission to the moon in 2026.âMM TOGETHER WITH FRESHCAP
[FreshCap]( Gains for your brains. FreshCap Lionâs Mane is a research-backed nootropic mushroom that supports cognitive function, memory, and mental clarity. These small + mighty supplements are certified organic, easy to take (capsule or powder, your choice), and designed to nourish your gut-brain connection. Try âem and get 15% off with code BREWSHROOM15 on [Amazon]( or [FreshCap.com](. FINANCE [All my indexes live in Texas](
[Wall Street bull wearing a cowboy hat]( Kim A group of investors fed up with Wall Street are taking the bull by the longhorns and starting a national stock listing to rival the New York Stock Exchange and the Nasdaq. The Texas Stock Exchange is planning to file with the SEC later this year after [raising]( $120 million from various investors and hotshot firms like Citadel and BlackRock, according to the WSJ. Why make the TXSE when thereâs the NYSE? The group leading the charge for an âanti-wokeâ exchange sees an opportunity to [capitalize]( on 1) the Southeastâs skyrocketing economy and 2) growing disillusionment with perceived burdensome regulation at the New York-based exchanges. The TXSE pledged to be more âCEO-friendly,â drawing a clear distinction from the Nasdaq, which requires companies on the exchange to meet a diversity requirement or explain why they canât. Everythingâs bigger in Texas. Many have tried and failed to compete with the established rulers of the stock exchange world, but with institutional backing and an industry ready to head south, TXSE might be able to pull it off. The state is [transforming]( its reputation from a location for underperforming [analysts]( to a new financial epicenter: Itâs tied with New York as the state with the second-most Fortune 500 companies, and JPMorganâs Texas employee count is now higher than New Yorkâs.âCC STAT [Prime number](#)
[The Tokyo Municipal Building with windows lit up in the shape of a heart]Illustration: Francis Scialabba, Photo: Getty Images Itâs bad enough when your mom asks why youâre not married and tries to set you up, but if you live in Tokyo, the government will also soon be trying to find you someone to have babies with. The cityâs leaders are debuting their own [dating app]( after learning that 70% of people who want to get married arenât attending events or joining apps to meet a partner. âWe want to give them a gentle push to find one,â the official in charge of the app told Agence France-Presse. Users will have to prove theyâre legally single and willing to marry, plus provide proof of their income. Itâs all part of a response to Japanâs declining birth rate. Japan had more than twice as many deaths as births last year. NEWS [What else is brewing](#) - [eBay]( said it would stop accepting American Express, saying the fees are too high and consumers have other options.
- [An appeals court]( paused the Georgia election interference case against former President Donald Trump while it considers whether DA Fani Willis should be allowed to remain on the case.
- [Hunter Biden]( probably had an awkward day in court as his exes testified about his drug use in his federal gun charge trial.
- [Senate Republicans]( blocked a bill that would guarantee access to contraception nationwide.
- [A deadly heat dome]( is hovering over California, Nevada, Arizona, Utah, and South Texas.
- [Hanesbrands]( agreed to sell Champion to Authentic Brands Group in a deal that could be worth up to $1.5 billion.
- [Amanda Knox]( was reconvicted of slander by an Italian court for making a false accusation while being questioned about the murder of her roommate Meredith Kercher, whose slaying Knox was convicted of before being acquitted on appeal. RECS
[To do list Thursday] Be shady: [This tool]( lets you find the location of an image using only shadows (and [this video]( explains more about it). Donât despair: Here are some [positive environmental stories]( from this year. Travel back in time: Some of this [GQ list of overrated things]( from 1995 holds up. The inclusion of ârighteousness about Ticketmasterâ does not. Avoid main character syndrome: [These books]( all told from a side characterâs perspective, are worth a read. Save time and $2k every vacation: Want an expert trip planner for life whoâs dedicated to making [every getaway]( amazing? Until midnight, get [lifetime access to Concierge]( for just $199 (was $2,850).* Press play: Wanna get your ads in front of an engaged audience? Thatâs where Tubi comes in. Learn about the free streaming platform made for viewers and marketers alike. [Sponsored by Tubi]( *A message from our sponsor. GAMES [The puzzle section](#) Brew Mini: Wanna race? Neal did todayâs Mini in 26 secondsâ¦[try to beat that here](. Three Headlines and a Lie Three of these headlines are real and one is faker than the estimated walk time on Apple Maps. Can you spot the odd one out? - New Netflix reality show will be [hosted]( by the estranged son of sardine magnate
- Study [says]( that people who like loud exhaust are psychotic
- Ikea is [hiring]( people to serve digital meatballs in its Roblox store
- Deceased New Jersey congressman [wins]( primary SHARE THE BREW [Share Morning Brew]( with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag. Weâre saying weâll give you free stuff and more friends if you share a link. One link. Your referral count: 0 [Click to Share]( Or copy & paste your referral link to others:
[morningbrew.com/daily/r/?kid=4904f90a]( ANSWER We made up the one about the sardine magnateâs son. Word of the Day Todayâs Word of the Day is: triumvirate, meaning âa group or association of three.â Thanks to Matt from Boulder City, NV, for the triply good suggestion. Submit another [Word of the Day here](. Written by [Neal Freyman]( [Abigail Rubenstein]( [Molly Liebergall]( [Matty Merritt]( and [Cassandra Cassidy]( Was this email forwarded to you? Sign up [here](. Get smarter in just 5 minutes - Money & Career: [Money With Katie]( Â [Bossy]( Â [Brew Markets]( Â [The Playbook]( Interested in podcasts? - Check out ours [here]( [ADVERTISE]( // [CAREERS]( // [SHOP]( // [FAQ]( Update your email preferences or unsubscribe [here](.
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