🗞️ Christmas, Big Banks Sue, and Trump On The Death Penalty

December 24th, 2024

Good Evening 🇺🇸,

What happened today,

• A group of banks and business groups are suing the Federal Reserve over the annual bank stress tests, saying the current process falls short of its goals

• President-elect Trump said he will direct the Department of Justice to “vigorously pursue the death penalty” after President Biden yesterday commuted the death sentences of 37 federal inmates to life in prison

• A ‘technical issue’ briefly disrupted American Airlines flights today, the FAA said American requested a ground stop for all of its flights then an hour later started boarding again and the FAA lifted the nationwide ground stop

• Former President Bill Clinton has been discharged from a Washington hospital after he was admitted yesterday with a fever

• Egg prices are up 97.5% from a year ago per FORTUNE

• 80% of IRS audits were on filers earning less than $1 million per WSJ

• DOW up .91%/ S&P up 1.10% on the day

• A 50,000 year old baby mammoth was found in Siberia, scientists are saying this is the world’s ‘best-preserved’ carcass

• A Russian cargo ship sank after an explosion in the engine room in the Mediterranean Sea between Spain and Algeria, leaving two crew members missing

Plus: Some Holiday Fun Facts! 🎅🎄

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Quote of the day: “Merry Christmas to all and to all a goodnight” -Santa 🧑‍🎄 

Have a great night and a Merry Christmas 🎄 

We’ll be back Thursday!

P.S. Email us at [email protected] for more info on any news points in the letter or feel free to give any feedback you have!