Morning Brew Daily SpaceX's Civilian Spacewalk & Peloton Back From the Dead?
Aug 23, 2024
SpaceX is gearing up for a groundbreaking mission with a civilian crew set to make history with a spacewalk. Peloton shows signs of recovery, reporting improved earnings as it shifts focus to subscription services. Meanwhile, the National Women’s Soccer League breaks new ground by eliminating its draft, enhancing player freedom. On the tech front, Sonos faces backlash over a problematic app update, while Chick-Fil-A explores uncharted territory with plans for its own streaming service. It's a whirlwind of innovation and change!
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Fed's Focus Shift
- The Fed's priority has shifted from inflation to preventing unemployment.
- Investors want to know how fast and by how much the Fed will lower interest rates.
Jackson Hole History
- The Kansas City Fed initially hosted agricultural conferences.
- They moved the conference to Jackson Hole to attract Paul Volcker, an avid fly fisherman.
Ambitious Spacewalk
- Billionaire Jared Isaacman will attempt the first civilian spacewalk on a SpaceX mission.
- This mission is far more ambitious than typical billionaire space tourism.