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Another Boeing Plane Has Midair Mishap

Your unbiased daily news brief

Good morning and happy Monday! Casey is a small town in Illinois with lots of big things. The community is a tourist destination with many "World's Largest" items. If you have ever wanted to see a golf tee that is 30 feet tall, start planning a road trip! Have a great day!

In Today’s Brief

  • Texas: Historic wildfire contained

  • Putin: Control on Russia extended

  • UK: Possible electoral blow for Tories

  • Disney: $30B theme park plan

  • March Madness: Brackets are set

... and more

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Top Tips

1) Stormy skies

Embattled plane manufacturer Boeing is under fire again after another instance of midair damage.

  • What happened: A United flight landed in Oregon on Friday night to discover part of its fuselage panel had fallen off. There were no injuries and the issue went unnoticed on the flight from San Francisco, which was on a Boeing 737-800 aircraft.

  • Catch up: There have been several high-profile safety issues involving Boeing planes in recent weeks, including a mid-air blowout on an Alaska Airlines flight in January. Subsequent inspections found problems with other planes; the FAA is investigating.

  • Big picture: Boeing's run of incidents has caused business pains and caused it to delay deliveries. While flying remains incredibly safe, plane shortages will likely lead to flight shortages and price hikes this summer.

2) War of words

Former President Donald Trump predicted "a bloodbath" if he does not win the election, sparking Democratic outcry and Republican defenses.

  • What he said: "If I don't get elected, it's going to be a bloodbath," Trump said at a rally in Ohio. "That's going to be the least of it. It's going to be a bloodbath for the country." Trump's comments came while discussing the automobile industry; he did not specifically outline what he was referring to.

  • The responses: President Joe Biden's re-election campaign accused Trump of seeking to incite political violence and a repeat of the Jan. 6 Capitol riot, allegations echoed by his supporters. Trump's campaign and GOP allies said Trump was taken out of context and was referring to the auto industry in a second Biden term.

  • Big picture: Trump's fiery rhetoric will be a major issue in the run-up to Election Day in November. He was also condemned for saying some undocumented immigrants "are not people" during the rally, which was held for controversial GOP Senate candidate Bernie Moreno.

3) Commission cut

The business of buying and selling homes is about to change in a big way.

  • What happened: The National Association of Realtors -- a trade group representing over 1.5M real estate agents -- will pay about $420M in damages after a lawsuit alleging the group colluded to keep broker fees high. The settlement will also transform how commissions on sales work.

  • More details: The NAR will stop requiring a seller to pay their broker and a buyer's broker. Experts say the longtime industry standard of 6% commission could be halved. The move should result in savings for both parties in a deal.

  • Big picture: The commission change will save home buyers some cash. But future interest rate cuts and supply and demand will likely have a far greater impact on housing prices.

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Quick Tips

U.S. News

  • Firefighters have completely contained the largest wildife in Texas state history. The Smokehouse Creek fire and other infernos burned over 1M acres over almost three weeks (More)

  • Fulton County District Attorney Fani Willis can stay on former President Trump's election interference case, a judge ruled. Special Counsel Nathan Wade, who she had a relationship with, was forced to step down (More)

  • A man allegedly faces murder charges in Pennsylvania and carjacking and weapons charges in New Jersey after an interstate standoff. Andre Gordon Jr. allegedly killed three family members and assaulted a fourth (More)

World News

  • Russian President Vladimir Putin was re-elected with close to 90% of the vote, according to exit polls. Protestors did defy Putin's rule with demonstrations while casting ballots in Russia and abroad; all serious opposition candidates were barred from the race (More)

  • Israeli Prime Minister Benjamin Netanyahu said Senate Majority Leader Chuck Schumer's call for Israel to hold elections was "totally inappropriate." Netanyahu reiterated plans for a ground offensive in the Gaza city of Rafah (More)

  • Niger revoked its military cooperation with the U.S. The African country has moved closer to Russia since a military coup last year; there are about 1K American troops at a desert drone base (More)

Campaign News

  • Brexiteer Nigel Farage will reportedly lead Reform UK's general election efforts. The third party is gaining on the Conservative Party in polling as the Labour Party is poised to control the government for the first time in over a decade (More)

  • Robert F. Kennedy will reportedly tab Nicole Shanahan as his running mate for his independent presidential campaign. Shanahan is an attorney and donor and the ex-wife of Google co-founder Sergey Brin; she funded a controversial pro-Kennedy Super Bowl ad (More)

  • Former Vice President Mike Pence will not endorse former President Trump. Pence said he cannot support Trump "in good conscience," but will not vote for President Biden (More)

Business & Markets

  • Major indexes closed lower on Friday. Inflation concerns continued to impact the markets (Dow -0.49%, Nasdaq -0.96%, S&P 500 -0.65%).

  • Disney will invest $30B into its theme parks over the next decade, according to an SEC filing. The funds will go toward new construction as well as updates to existing infrastructure (More)

  • Federal prosecutors will seek 40-50 years in prison for former FTX CEO Sam Bankman-Fried. SBF's attorneys are seeking no more than 6 1/2 years after his fraud conviction; his sentencing is scheduled for March 28 (More)

Entertainment & Sports

  • Reigning national champion UConn is the No. 1-overall seed in the men’s NCAA Tournament. Undefeated South Carolina is the top seed in the women’s tournament (More)

  • The Color Purple won Outstanding Motion Picture at the NAACP Image Awards on Saturday. Usher was named Entertainer of the Year and won The President's Award, one of the event's top honors (More)

  • Pete Distad will be CEO of the joint sports streaming venture launched by Disney, Fox and Warner Bros. Distad is a former Apple and Hulu executive; the platform is expected to launch in the fall (More)

Quick Hitters

  • Feel Good: An 11-year-old North Carolina boy was moved when he learned about the 1941 attack on Pearl Harbor in school. He has raised $80K to help tell the story for future generations.

  • Odd Couple: Peanut butter and ... carrots? The unlikely combination provides anti-inflammatory benefits.

  • New Idea: A new treatment to battle Lyme disease is progressing. The pill would be similar to preventative drugs given to animals, killing ticks on a human's skin before they can bite.

  • Go Deep: We are less than a month away from the total solar eclipse on April 8. Here is a rundown of the best cities to be in on the big day for viewing purposes.

  • Life Hack: Want to get the best night of sleep possible? Follow these tips to rest up.

  • OPTIMIZE ME: Researchers “found convincing evidence that higher intake of ultra-processed foods was associated with 50% increased risk of cardiovascular disease-related death, a 48% to 53% higher risk of anxiety and common mental disorders, and a 12% greater risk of type 2 diabetes”

Want more health and wellness news? Subscribe to our brand new newsletter, Optimize Me, and start living a healthier life through diet, exercise, sleep, and mindfulness:

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A fun look back at 13 things you will never see again.

Looking Ahead …

The Federal Reserve has a two-day meeting starting tomorrow. All eyes will be on whether the central bank clarifies its timeline for interest rate cuts.

Question of the Day

Have you ever attended a Disney theme park?

Choose one ...

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Last week’s results:

What is your favorite St. Patrick's Day food item?

  • Corned beef and cabbage (60%)

  • Irish coffee (17%)

  • Soda bread (14%)

  • Green beer (5%)

  • Other* (4%)

* — Fish and chips, a pint of Guinness, Irish stew and a McDonald’s Shamrock Shake were among the suggestions!

*Investing involves risk and past performance is not indicative of future returns. See important Reg A disclosures and aggregate advisory performance masterworks.com/cd