🗞️Tragic D.C. Plane Crash

...as well as mortgage rates decreasing and incoming tariffs

January 30th, 2025

What happened today 🇺🇸,

  • American Airlines Flight 5342 carrying 64 people collided with a Black Hawk military helicopter carrying 3 soldiers near Reagan National Airport in D.C. so far 28 bodies have been recovered and there are no survivors…for live updates click the article above

  • The Trump administration has said they will cancel student visas of all “Hamas sympathizers” on college campuses

  • Trump has settled his lawsuit with Meta over the company’s suspension of his account in the aftermath of the January 6th events, Meta will pay $25 million and most will go towards his presidential library

  • Chris Rocheleau has been named as acting administrator for the Federal Aviation Administration (FAA) after the fatal plane crash near Washington, D.C.

  • GDP for the last three months (Q4) of 2024 grew at an annualized rate of 2.3% below the expectation of 2.6%

  • The average rate on a 30-year mortgage has declined very slightly for the second week in a row to 6.95% from 6.96%

  • 30% of Millennials said that they buy things they can’t afford in order to impress others or “fit in” with a certain lifestyle, per Wells Fargo

  • President Trump has announced he'll place 25% tariffs on Canada and Mexico starting Saturday

  • A record number of consumers are making minimum payments on their credit cards, per CNBC

  • The FDA signed off today on the first new type of pain reliever to be approved in more than two decades…the drug, suzetrigine, is a 50-milligram prescription pill and will be sold under the name Journavx

  • DOW up .38%/S&P up .53%

  • The third round of hostage releases was today as part of the Hamas and Israel ceasefire deal, 3 Israeli and 5 Thai hostages have been freed by Hamas in exchange for more Palestinian prisoners

Bonus: A Gallup poll showing only 44% of Americans are very satisfied with their personal life…

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Have a great night!

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