Great Depression could hit in 2024?

Hey there scroller 🤳

Ready for another day’s headstart with some fresh news?

What’s Hot? Do you dream of a fleet of Lamborghinis? 🛩️ Wednesday's Powerball could make it happen with its whopping $1.2 billion jackpot! Numbers are 9, 35, 54, 63, 64, and Powerball 1. But remember, the odds are a staggering 1 in 292.2 million. Fun fact: it's not even the biggest in Powerball history!

If your pal sent this to you, then subscribe to stay the most informed person in the room😉

📉 Mortgage rates hit 8%; demand at 30-year low

U.S. home-purchase applications hit a 30-year low last week due to surging mortgage rates, with the 30-year loan rate reaching its highest since 2000 at 7.53%. Joel Kan of the Mortgage Bankers Association remarked, "Mortgage applications ground to a halt, dropping to the lowest level since 1996." The Federal Reserve's rate hikes and a 45% dip in housing supply since pre-pandemic levels further exacerbate the situation.

📉 Private sector job growth disappoints: ADP data reveals shortfall

U.S. job growth in September fell short, with 89,000 additions versus an expected 160,000. ADP's Nela Richardson warned of a "steepening decline in jobs" and consistent wage decrease. As leisure sectors saw gains, large firms had shed 83,000 roles. Despite overall wage growth slowing, job switchers saw a significant 9% pay increase. Additionally, the Labor Department's August report revealed a substantial 9.6m job openings, continuing to favor job-seekers.

🚀 Crash not seen since the Great Depression could hit in 2024

Amid "Bidenomics" praises, alarming data suggests a potential economic crisis, with indicators not seen since the Great Depression. Unlike the 1930s, prices rise even as the money supply shrinks. With Americans depleting savings and accumulating record debts, the study warns: "The U.S. economy is walking on thin ice," urging immediate reduced government spending to prevent disaster.

🔫 US sends 1 million seized Iranian ammo to Ukraine

The US has sent Ukraine more than a million rounds of Iranian ammunition, confiscated for violating a UN arms embargo on its way to Yemeni Houthi forces. US Attorney General Merrick Garland said, "With this weapons transfer... we will continue... to support Ukraine," as concerns grow over Ukraine's ability to withstand Russia's relentless assault. NATO's Adm Rob Bauer recently warned, "The bottom of the barrel is now visible."

🌊 Tsunami advisory issued for eastern Japan islands

Japan's Meteorological Agency has issued a tsunami advisory, warning of a 1-meter wave after a 6.6 magnitude earthquake struck near Torishima island off the eastern coast of the Izu peninsula. The quake's epicenter was around 340 miles south of Tokyo in the Pacific Ocean. This advisory serves as a crucial alert for nearby regions, emphasizing the potential risk. The Japan Meteorological Agency stated, "Stay away from coastal areas."

🇪🇺 Historic EU Deal for Managing Asylum Surge
EU has agreed on a pact for rapid processing and relocation of asylum seekers during crises, aiming to prevent a repeat of 2015's uneven refugee distribution. Following Germany and Italy's reconciliation on migration, Annalena Baerbock, Germany's foreign minister, emphasized "mandatory #solidarity between member states during crises." Approval from the European Parliament is pending, with reservations voiced by Poland, Hungary, and others.

📧 Gmail now supports message reactions for emails

Google's Gmail introduces emoji reactions for expressive, non-verbal replies. Available on Android, with upcoming iOS and web releases. However, Work and school accounts encounter limitations, where each emoji appears as a separate email. Third-party email usage and specific Gmail conditions also restrict reactions. This feature was initially rumored on AssembleDebug’s blog and demonstrated in a YouTube video.

🚀 Prada to make Spacesuits for NASA's Artemis III Lunar Mission

Prada has partnered with Axiom Space to design NASA's spacesuit for the upcoming Artemis III lunar mission in December 2025. This historic mission with SpaceX, Lockheed Martin, and Airbus contributions includes the first lunar landing since 1972, marking the first woman and person of color on the moon. Prada's technical expertise aims to ensure astronaut comfort and address human factors in the design, offering increased flexibility, enhanced protection, and specialized tools for lunar exploration.

📸 Pixel 8 Pro- Improved Cameras, Brighter Screen & Advanced AI Features

Google's Pixel 8 Pro, priced at $999, offers a seven-year OS upgrade guarantee, powered by the Tensor G3 chipset. The device sports a 50-megapixel main camera and a dazzling LTPO display with 2,400 nits peak brightness. Furthermore, Google has introduced several AI-driven software features, such as the noteworthy "Magic Editor." This device promises a longer lifespan for users, setting it apart in the market.

🎉 SNL Returns: Pete Davidson to Host Next Week!

Saturday Night Live" returns to NBC on October 14th for its 49th season after a Writers Guild strike delay, with former cast member Pete Davidson hosting and Ice Spice performing. Even with the ongoing Screen Actors Guild strike, "SNL" has a special waiver to proceed with production. You can watch it live at 11:30 p.m. ET/8:30 p.m. PT.

🌍 2030 FIFA World Cup Across 3 Continents

The 2030 FIFA World Cup will span three continents, hosted by Spain, Morocco, Portugal, Paraguay, Argentina, and Uruguay. Celebrating the event's 100th year, it's the first multi-continent arrangement. FIFA president Gianni Infantino stated, "In a divided world, FIFA and football are uniting." The 2026 edition will be in the U.S., Canada, and Mexico, with Saudi Arabia and Australia eyeing 2034.

📺 Netflix & Discovery+ Raise Prices Yet Again Amid Ongoing Hollywood Strike

Amidst the Hollywood actors' strike, Netflix and Discovery+ plan to increase their streaming prices. While specifics for Netflix's U.S. and Canada ad-free service increase are undecided post the 82-day SAG-AFTRA strike. Meanwhile, Discovery+ will raise its ad-free subscription fee by $2 to $8.99 per month. This aligns with other platforms like HBO Max, which have also adjusted their pricing for their streaming services.

🚶‍♂️ Kaiser Union Workers Strike Over Staffing and Wages

75,000 Kaiser Permanente health workers, predominantly in California, have initiated the largest U.S. healthcare strike, citing chronic understaffing, burnout, and low pay. Joshua Barba, a surgical technician at Kaiser Walnut Creek highlighted, "We are begging for resources to do our job." Kaiser asserts they've increased staffing, but workers challenge this claim. If no resolution is reached by the end of the week, workers are contemplating a two-week strike.

👤 Republicans Seek New House Speaker After McCarthy's Removal

Following Rep. Kevin McCarthy's unprecedented ouster as House Speaker, the Grand Old Party, GOP plans an election for his replacement. House Majority Leader Steve Scalise, despite his recent multiple myeloma diagnosis, is a leading candidate, stating, "God already gave me another chance at life... I am prepared for the battles that lie ahead." Jim Jordan and Kevin Hern are also potential contenders amid GOP divisions on issues like Ukraine aid.

🌡️ 2023 Set for Hottest Year as September Breaks Heat Records

September marked the fourth consecutive month of record-breaking heat, setting 2023 on track to be history's hottest year, according to the EU's Copernicus Climate Change Service. Samantha Burgess of Copernicus noted the temperatures "have broken records by an extraordinary amount." Climate expert Friederike Otto warned, "The significant margin...should be a wake-up call...we absolutely must agree to phase out fossil fuels."

🚧 Biden Admin Waives 26 Laws for South Texas Border Wall

The Biden administration waived 26 federal laws, including the Clean Air Act and Endangered Species Act, to expedite border wall construction in South Texas's Starr County along the U.S.-Mexico border amid "high illegal entry". While the move aims to address about 245,000 recorded unlawful entries, it sparks environmental and policy debates, with concerns over endangered species and the wall's effectiveness.

On October 5th, 1813, during the War of 1812, U.S. troops defeated a British army and their Indian allies, led by Tecumseh, at the Battle of the Thames in Ontario, Canada. This victory resulted in the British losing control of Southwestern Ontario and marked the end of Tecumseh's Confederacy.

Thanks for scrolling with us🤳

Want to share Daily Scroll with a Pal? Forward this email and invite them to join our community of savvy scroll-ers.

We'd love to hear your feedback on today's issue of Daily Scroll! Simply reply to this email and share your thoughts on how we can improve our content and format.

Have a great day and see you tomorrow🕺