☕️ The glow up

Apple showed off its new iPhone... September 10, 2024 [View Online]( | [Sign Up]( | [Shop]( [Morning Brew]( PRESENTED BY [Perplexity AI]( Good morning. We’re preparing a special edition for Sunday about the value of higher ed and if it’s even worth it to drag yourself to an 8am American Lit class while living off of dining hall chicken strips for $100,000 a year. So, we’d love to know what advice you’d give to your college self besides “Command Strips are not dorm friendly.” Submit your advice [here]( and we’ll share our favorites this weekend. —Cassandra Cassidy, Molly Liebergall, Sam Klebanov, Abby Rubenstein, Neal Freyman MARKETS Nasdaq 16,884.60 +1.16% S&P 5,471.05 +1.16% Dow 40,829.59 +1.20% 10-Year 3.697% -1.0 bps Bitcoin $57,422.70 +5.50% Palantir $34.60 +14.08% Data is provided by *Stock data as of market close, cryptocurrency data as of 6:00pm ET. [Here's what these numbers mean.]( - Markets: Stocks [bounced back]( yesterday like a Looney Tune smacked with a mallet, trending upward after suffering their worst week of the year as investors count on interest rate cuts later this month to bolster the economy. Palantir spiked as it gets ready to join the S&P 500 on Sept. 23.  AI [Apple gives the iPhone an AI glow up]( [iPhone 16]( Alliance/Getty Images Apple delivered its “Glowtime” launch event yesterday, debuting the iPhone 16 in a 90-minute gathering that highlighted how AI will be incorporated into the new phone. But it left several questions unanswered when investors are looking for Apple to prove it has a way to boost sluggish sales and compete with domestic tech companies in China. If you’re planning to upgrade, here’s what you can expect from the [new iPhone]( - You’ll be able to use Visual Intelligence, a new feature that’s similar to Google Lens. - Siri will be able to find info on your phone, summarize emails and messages, and send photos from your library. - You’ll get a custom emoji generator, for when you need to send a “witchy baseball” to your friend. Most of the changes were previously announced at the company’s Worldwide Developers Conference in [June]( except Visual Intelligence, which will be enabled by a new button called Camera Control. At yesterday’s event, Apple showed examples of how to use Visual Intelligence, like pulling up information about a restaurant you pass by or looking up the breed of a dog you see on the street. But you’ll have to be patient: The Apple Intelligence tech will launch in beta mode next month in the US, in English only. Aside from AI…Apple’s other announcements focused on two words: bigger and better. That includes a larger and thinner Apple Watch, a bigger display on the iPhone 16 Pro, next-gen AirPods Pro 2 that will have the ability to become clinical-grade hearing aids, and a camera good enough to film a [music video](. Big picture: It’s unclear if Apple appeased investors looking for specifics about the company’s AI plans. Even if Apple were ready to release its AI globally tomorrow, it still needs approval to roll out the tech in China and the EU. And that’s all happening while China’s [Huawei]( is nipping at its heels—the tech company announced an upcoming trifold phone hours before Apple’s event, and it’s already received over 3 million preorders.—CC PRESENTED BY PERPLEXITY AI [Take the future of search for a spin]( [Perplexity AI]( Calling all Uber One members in the US and Canada: Got a question about the latest tech news? Meditation techniques? Or do you just wanna know what can and absolutely can’t go inside an air fryer? Hit up [Perplexity]( the new AI search engine. Uber and Perplexity have teamed up to offer all Uber One members (a membership to save on Uber and Uber Eats) based in the US and Canada [one free year of Perplexity Pro—offer ends Oct. 31.]( Perplexity searches the internet in real time to provide detailed, up-to-date answers with citations for all of your pressing questions (ya know, instead of a handful of blue links from traditional search engines). Go ahead—[get some answers](. WORLD [Tour de headlines](#) [Kamal Harris and Donald Trump]Illustration: Francis Scialabba, Photos: Getty Images Harris and Trump gear up to debate. Vice President Kamala Harris and former President Donald Trump will take the stage at 9pm Eastern tonight in Philadelphia for a [debate]( even more consequential than Pat’s vs. Geno’s. It will be hosted by ABC News and air live on several networks, while also streaming on ABC News Live, Disney+, and Hulu—potentially giving the candidates their biggest audience in the lead-up to Election Day. It’s the second presidential debate of the election cycle, but the first, and possibly only, between these two candidates (Joe Biden’s performance in the last one convinced many that it was time to replace him as the Democrat contender). With the polls showing them basically tied, each candidate will try to stand out. Iconic actor James Earl Jones has died at age 93. James Earl Jones, the star of stage and screen who told Luke he was his father as Darth Vader, Ray that people would come in Field of Dreams, and Simba that everything the light touches was his kingdom as Mufasa, [died]( yesterday at his home in Dutchess County, New York. Among other honors in the resonantly voiced Jones’s 60-year acting career, he achieved the rare EGOT win. The Princess of Wales says she’s done with chemo. Kate Middleton, who publicly revealed her cancer diagnosis in March, released [a video]( saying she has completed her chemotherapy treatment. “Doing what I can to stay cancer free is now my focus,” the princess said, but she also noted, “My path to healing and full recovery is long and I must continue to take each day as it comes.” She’s expected to gradually return to public life with a limited schedule of events for the rest of the year. BIG TECH [The antitrust trial that could upend advertising]( [Gavel hits Google logo]( Scialabba They say lightning doesn’t strike twice, but the Department of Justice certainly does. Google reported to court yesterday to [defend itself]( against monopoly allegations for the second time in less than a year in a new case that has the potential to strip the world’s largest online advertiser of a chunk of its ad business. Hair of the DOJ. About a month after a federal judge [decried]( Google’s search engine dominance as anti-competitive, regulators are now trying to prove that Google unfairly dominates the digital ad space, too. The DOJ alleges: - Google’s trifecta of software products for ad sellers, ad buyers, and real-time ad auctioning account for 91%, 40% to 80%, and at least 50% of their respective markets. - Cornering both the supply and demand sides lets Google keep $0.36 from every dollar spent on ad deals it brokers. Google says…its ad tech is successful because it’s the best. The search giant also panned the DOJ for only focusing on website ads, since the market has expanded to mobile apps, social media, and streaming. But…regulators say YouTube CEO Neal Mohan will testify that Google has sometimes required ad sellers to either use all or none of its tools, steering them away from competitors. Looking ahead…the DOJ [wants]( Google to sever its popular Ad Manager services from the rest of its business, which some industry experts say could level the field and [lead to]( better data privacy regulations in online advertising.—ML TOGETHER WITH BETTERMENT [Betterment]( Don’t let your cash skip leg day. When you [park it in a high-yield cash account]( with Betterment, your money starts the heavy lifting. New customers get up to 5.50% variable APY* with a qualifying deposit for three months ([terms apply]( and the standard base rate afterwards (currently 5.00%). [Start getting those sweet gains](. INTERNATIONAL [Europe warned to invest or fall behind]( [Euro on a treadmill]( Scialabba After receiving the economic equivalent of a “see me after class,” the EU was told it must boost investment by as much as $884 billion a year or accept lower living standards. That was the central prescription in the [widely awaited report]( that the former European Central Bank President Mario Draghi delivered to EU leaders yesterday. The star economist’s turnaround plan for Europe comes as the EU deals with slow growth and struggles to compete with the US and China amid shrinking trade, elevated energy prices, and the prospect of population decline. “Do this, or it’s a slow agony” Draghi wants EU countries to borrow funds collectively in order to increase investment by 5% of their combined GDPs, a spending boom almost double what was enacted with the US’ Marshall Plan, which helped Europe recover after World War II. He recommends that EU nations: - Collectively pour cash into green tech, digital breakthroughs, and shared military defense. - Coordinate policies among the 27 member states to help key industries compete globally. - Remove bureaucratic hurdles, defend domestic production from Chinese competition in certain cases, and allow more corporate mergers that improve innovation. But politics…will make it difficult to move beyond the blueprint. The EU’s largest economy, Germany, already shot down Draghi’s proposal for shared borrowing, a concept that rich EU members have long opposed.—SK STAT [Prime number: Bigger cars not safer for the other guy](#) [SUVs on a car lot with an American flag on each car]Joe Raedle/Getty Images Americans tend to believe in going big. This works out well for lumberjack breakfasts and flat-screen TVs, but it can create safety issues when it comes to cars, which keep getting heavier. Nearly 79% of the US’ new car sales through last month were SUVs and trucks, per Motorintelligence.com. Heavier cars like pickups and SUVs can be safer for the people in them but not for pedestrians or smaller cars in collisions. That’s why yesterday, the National Highway Traffic Safety Administration [said it’s proposing]( new rules aimed at bigger cars that would require special safety testing to minimize pedestrian head injuries—and it says they’ll prevent 67 deaths a year. But it’s not just pedestrians who big cars can harm: The Economist [analyzed]( data from 7.5 million two-vehicle crashes and found that getting hit by an extra 1,000 pounds of car—about the difference between an SUV and a compact car—increases the likelihood of death by 66%. NEWS [What else is brewing](#) - [Big Lots]( the 1,300+ store discount chain, has filed for bankruptcy with a plan to sell itself to private equity firm Nexus Capital Management for ~$760 million and a commitment to keep offering “extreme bargains.” - [The new CEO of Starbucks]( Brian Niccol, formerly of Chipotle, is now officially in charge of the coffee chain. - [Harvey Weinstein]( the former Miramax executive who’s facing a new trial for rape, had emergency heart surgery. - [Former fashion executive Peter Nygard]( was sentenced to 11 years in prison in Canada for sexual assault. - [A police officer]( who detained Miami Dolphins star Tyreek Hill before Sunday’s game has been placed on leave. [Body cam]( footage released yesterday shows an altercation during a traffic stop in which officers pulled the NFL player out of his car, raising questions about why the situation quickly escalated. RECS [Tuesday To Do List] Curses: A map of the countries that [swear the most](. Bad news for ants: An analysis of the things Americans [want to learn]( “how to kill.” Watch: Travel tips for enjoying [Japan on a budget](. Suck it: Altoids Sours [are back]( but you may have to eat some chicken-fried steak to get them. Invest: Monogram (Nasdaq: MGRM) just filed for FDA approval to commercialize their [patented AI-powered surgical robots](. They’re selling unlisted preferred shares with an 8% dividend (in cash or kind) through Sept. 12. [Invest before this offering ends]( It’s time for…Financial triviaaa! Tune in as Morning Brew Daily’s Toby and Neal test each other’s [financial know-how]( (and answer allll your burning $$$ questions). [Sponsored by MassMutual]( *A message from our sponsor. GAMES [The puzzle section](#) Brew Mini: Today’s Mini has some clever wordplay that’s guaranteed to put a smile on your face. [Play it here](. iPhone trivia With everyone atwitter about the iPhone 16, rank the following iPhones from smallest to largest by screen size in inches (diagonally). iPhone 5S iPhone XS iPhone 12 Pro Max iPhone 15 iPhone 8 iPhone 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. We’re saying we’ll 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=a905682a]( ANSWER From smallest to largest, they are: iPhone, iPhone 5S, iPhone 8, iPhone XS, iPhone 15, iPhone 12 Pro Max [Source]( Word of the Day Today’s Word of the Day is: “decried,” meaning “expressed strong disapproval of.” Thanks to Sasha from Brookline, MA, who we can’t fault for sending us a suggestion. Submit another [Word of the Day here](. ✤ A Note From Monogram *This is a paid advertisement for Monogram Technologies Series D Preferred Stock offering. Additional information on the company and risk factors related to the offering can be found in the prospectus supplement and accompanying base prospectus have been filed with the SEC. [( Written by [Neal Freyman]( [Abigail Rubenstein]( [Cassandra Cassidy]( [Molly Liebergall]( and Sam Klebanov Was this email forwarded to you? Sign up [here](. Interested in podcasts? - Check out ours [here]( [ADVERTISE]( // [CAREERS]( // [SHOP]( // [FAQ]( Update your email preferences or unsubscribe [here](. View our privacy policy [here](. Copyright © 2024 Morning Brew. All rights reserved. 22 W 19th St, 4th Floor, New York, NY 10011