News
š Donald Trump x Elon Musk?
Good morning, Quartz readers!
HEREāS WHAT YOU NEED TO KNOW
Donald Trump is close to collabing with Elon Musk. The presidential candidate wants the tech billionaire to lead a āgovernment efficiency commission.āĀ
Google is gearing up for another antitrust trial. The first one was about its search dominance, and this one is about its ad tech dominance.
JetBlue actually made out pretty good during the CrowdStrike outage. The carrier raised its revenue guidance because it sopped up its competitorsā stranded passengers.
Kroger promised to cut prices. Of course, it would have to be allowed to merge with Albertsons first.
Verizon is buying $20 billion in internet fiber. Itās acquiring Frontier Communication to boost its reach.
CHICAGO FED PREZ SAYS ECONOMIC VIBES ARE WHATEVER
Austan Goolsbee says that America is getting tantalizingly close to a so-called āsoft landingā where the Federal Reserve has successfully raised interest rates to bring inflation down without destroying the economy.
From his presidential perch at the Federal Reserve Bank of Chicago, Goolsbee says that things are getting to the point that he and his colleagues can focus less on doomer vibes and more on data points that seem to be painting a rosier picture of the countryās fiscal well-being.
Quartzās Rocio Fabbro chatted with Goolsbee about his outlook on where things go from here and whether the Fed is behind the curve on getting there.
THATāS A MIGHTY BIG MATTRESS
Family offices are gaining ground on hedge funds as the favorite safe havens of the wealthiest peopleās wealth, says Deloitte.
The consultancy expects the fortunes stowed with the investment vehicles to reach $9 trillion by 2030 ā nearly triple the amount from just a few years ago ā as the upper-est crust grows tired of sharing its returns with riff-raff who donāt share a bloodline.
Quartzās Madeline Fitzgerald explains not just what a family office is, but what the conceptās growing popularity means for the future of global finance.
MORE FROM QUARTZ
𦾠OpenAI hit 1 million paid business users for ChatGPT ā with possible price increases coming
š° Mark Cuban says Kamala Harris will definitely not tax unrealized capital gains
š±New Mexico sued Snapchat for allowing āsextortionā and sexual abuse targeting children
š Half of Americans will start their holiday shopping even before Halloween
šAn Eli Lilly experiment could let insulin-using diabetes patients avoid 313 injections
š These are the 10 wealthiest sports franchise owners in America
SURPRISING DISCOVERIES
A newly found antibody could be a beat-all COVID-19 vaccine. Scientists think they may have found a treatment that can recognize slippery changes in the virusās spike protein.
Cats might be hiding how much they like playing fetch. A survey of cat people says 41% of them āsometimes, frequently or alwaysā bring back thrown objects.
Colonial Americans rioted over pine trees. The British Crownās efforts at conservation were fairly unpopular.
A dye used for Gatorade might turn your skin clear. Scientists tried using yellow-tinting tartrazine on mice first; humans might get their turn, too, one day.
Michael Jordan has been trying to sell his house for 12 years. The basketball star lowered his price from $29 million to $14.855 million in 2015 ā 1+4+8+5+5=23, his playing number ā and hasnāt budged since.
Did you know we have two premium weekend emails, too? One gives you analysis on the weekās news, and one provides the best reads from Quartz and elsewhere to get your week started right. Become a member or give membership as a gift!
Our best wishes on a safe start to the day. Send any news, comments, economic vibes, or transparent skin pics to talk@qz.com. Todayās Daily Brief was brought to you by Melvin Backman and Morgan Haefner.
News
The U.S. saw vivid northern lights as far south as Florida ā and more could be coming
The aurora borealis lit up the night sky over Monroe, Wis., on Tuesday night. The northern lights were visible as far south as Alabama and Florida
Ross Harried/NurPhoto via Getty Images
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Ross Harried/NurPhoto via Getty Images
Geomagnetic storms brought the northern lights to much of the U.S. on Tuesday night, painting the sky in vibrant hues of green and pink.
The Aurora Borealis was spotted in a large swath of states, including Idaho, Iowa, Missouri, New Mexico, New York, Oklahoma, South Dakota, Tennessee, Texas and Washington state. Northern lights were visible as far south as parts of Florida and Alabama, a relatively rare occurrence that highlights the severity of this week’s storms.
“Well, we had activity tonight ā a lot of geomagnetic storm activity,” Shawn Dahl, service coordinator at the National Oceanic and Atmospheric Administration’s (NOAA) Space Weather Prediction Center, said in a video on X.
The aurora borealis glows above rural Monroe County, Wis., as a strong geomagnetic storm from recent solar activity pushes the northern lights unusually far south on Wednesday.
Jeremy Hogan/Getty Images
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Jeremy Hogan/Getty Images
A geomagnetic storm happens when charged particles from the sun’s atmosphere interact with the Earth’s magnetic field. In addition to creating dazzling displays of color, such storms can disrupt technology on Earth, from satellites and GPS to radio communications and the power grid.
Tuesday’s activity was the result of a phenomenon called coronal mass ejections (CMEs), massive blasts of plasma and magnetic field from the sun’s outer atmosphere that grow in size as they hurtle towards Earth.
Two CMEs arrived on Earth on Tuesday, Dahl said.
The aurora borealis lights up the night sky east of Denver on Tuesday.
Trevor Hughes/USA TODAY Network via Reuters
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Trevor Hughes/USA TODAY Network via Reuters
The resulting storm reached G4 levels, the second-highest on NOAA’s five-step scale, and created a magnetic field that was “not only eight times stronger than what’s normal but ⦠also favorable for continued activity,” Dahl said in a later update.
Forecasters are awaiting a third and final CME, which they expect will arrive on Earth at midday Wednesday and be even stronger than the previous two.
“That was the most energetic and strongest of this activity out there in space,” Dahl said. “It was traveling significantly faster than these other two, and we think that’s going to pack even a stronger punch than what we’ve already experienced.”
The Space Weather Prediction Center says the aurora may become visible “over much of the northern half of the country, and maybe as far south as Alabama to northern California.”
The Met Office, the U.K.’s national weather service, says the aurora may also be visible over parts of Britain on Wednesday night, though it is likely to be obscured by cloud cover ā as was the case in Michigan on Tuesday.
Luckily, Americans in northern states won’t have to wait long for another chance to get a glimpse.
NOAA’s Space Weather Prediction Center “aurora viewline forecast” shows the swath of the northern U.S. in which the northern lights might be visible on Wednesday.
NOAA’s Space Weather Prediction Center
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NOAA’s Space Weather Prediction Center
How to see (and photograph!) the northern lightsĀ
A dark setting is essential to see the aurora, so it’s important to get away from light pollution if you want a good glimpse of the northern lights. It’ll be easiest to see between 10 p.m. and 2 a.m. local time, according to NOAA.
A person watches the northern lights over Hulah Lake in northern Oklahoma on Tuesday.
Andy Dossett/USA TODAY Network via Reuters
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Andy Dossett/USA TODAY Network via Reuters
It is difficult to predict the exact timing and location of the northern lights, but you can sign up for different services that alert you when an aurora may be visible in your area. For example, a citizen science platform called Aurorasaurus allows users to report when and where they see an aurora, and gives estimates on how visible an aurora is in a given area.
Another option is an app called My Aurora Forecast & Alerts, available for download on both iOS and Android devices. This is a location-based app that gives viewing probability and forecasts.
Smartphone cameras are better at capturing the full array of an aurora than our naked eye, so be sure to go out with your phone to view a fuller spectrum of colors. If your phone camera has a night mode option, it’s best to switch it on when photographing the northern lights. You can also switch your phone camera to manual mode and adjust the exposure settings to get the perfect picture.
The aurora brightens the sky over Putnam Lake in Patterson, N.Y., on Tuesday.
Frank Becerra Jr./USA TODAY Network via Reuters
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Frank Becerra Jr./USA TODAY Network via Reuters
Why we are seeing more northern lightsĀ
Auroras have been happening more frequently in the United States for a while, and will continue to do so for several months. This influx of shimmering colors comes because the sun is reaching the peak of its 11-year cycle and, therefore, its solar maximum. The solar maximum causes solar eruptions, and this increase of activity brings ions, or electrically charged particles, closer to Earth. This stream of particles is known as the solar wind.
As solar winds get closer to Earth, the charged particles collide with gases in the Earth’s atmosphere. When they collide, light is emitted. The light emits at various wavelengths, creating a colorful display throughout the night sky.
When the sun is at its solar maximum, the number of solar eruptions increases, which is why there are more auroras in the sky. Usually, this activity only takes place near the Arctic Circle, but since solar activity is strong right now, viewing areas have expanded to other regions, like the Midwest.
News
Newsom claims Trump is āhanding the future to Chinaā at Brazilian climate confab that WH skipped
NEWYou can now listen to Fox News articles!
California Gov. Gavin Newsom was the most prominent American official to attend the COP30 global climate conference in BelĆ©m, Brazil, this week ā using the platform to criticize the absent Trump administration.
The White House mocked the trip, noting Californiaās continued rank among the highest in U.S. energy costs.
Newsomās office put out a summary of his visit to the conference, saying it shows California is “leading by example” and proving that “climate action and economic growth go hand in hand.”
“As Donald Trump abandons American climate leadership, California continues and accelerates its climate action, urging global investors to embrace the technologies and infrastructure driving the clean energy future,” his office said in the release.
NEWSOM SET TO RALLY TEXAS DEMS WITH VICTORY LAP DAYS AFTER PROP 50 PASSES: ‘CALIFORNIA STEPPED UP’
Gov. Gavin Newsom said California has proved it can balance climate and environmental stewardship with economic growth. (Mario Tama/Getty Images)
On Tuesday, Newsom was scheduled to deliver remarks in his role as co-chair of America Is All In, which describes itself as a broad coalition of non-federal actors in the U.S. committed to ambitious climate action. Later, he was scheduled to attend a state-governor’s coalition called U.S. Climate Alliance, and then travel into the Amazon rainforest to meet with “community stewards.”
“While Donald Trump is handing the future to China, California is proving that climate action, business growth, supporting workers, and good-paying jobs go hand in hand,” Newsom said.
“Weāre not turning backwards to the failed policies of the past ā California is fighting for a clean-energy future, even as President Trump bends the knee to his Gulf-State patrons and takes a nap as the world burns.”
NEWSOM SAYS TRUMP HAS āRELENTLESS, UNHINGEDā OBSESSION WITH CALIFORNIA DURING STATE OF THE STATE ADDRESS
Gov. Gavin Newsom claimed that nine out of 10 days this year, California operated on 100% non-fossil-fuel energy for at least part of the day. (AP Photo)
Newsom made the case during remarks at the coinciding Milken Institute Global Investors Symposium in Sao Paulo that California has proved it can balance climate and environmental stewardship with economic growth.
“Weāre running the fourth-largest economy in the world [on] 67%; two-thirds clean energy,” he said.
Newsom claimed that nine out of 10 days this year, California operated on 100% non-fossil-fuel energy for at least part of the day:
TRUMP OFFICIALS URGED TO BOYCOTT UN CLIMATE SUMMIT AS TRUMP SEETHES CLIMATE CHANGE IS A āCON JOBā
“I donāt know if thereās another jurisdiction in the world that can lay claim to that.”
“We are proving the paradigm: The genius of āand,ā not the tyranny of āorā,” he said in remarks to Milken CEO Rich Ditizio.
Meanwhile, back in Washington, White House spokesperson Taylor Rogers cited Californiaās consumer energy costs, and claimed that Newsom would not be attending such a summit if he was sincere about the issue as thousands of acres reportedly had to be cleared for a “special purpose highway” into the rainforest.
NEWSOM WARNS AMERICANS ‘YOU WILL LOSE YOUR COUNTRY’ UNDER TRUMP AT CALIFORNIA SUMMIT
Belem officials denied the highway, Avenida Liberdade, was built expressly for the summit, according to reports.
“Governor Newscum (sic) flew all the way to Brazil to tout the Green New Scam, while the people of California are paying some of the highest energy prices in the country: Embarrassing,” Rogers said.
“Itās time for Newscum and other countries to drop the climate faƧade. President Trump will not allow the best interest of the American people to be jeopardized by the Green Energy Scam. These Green Dreams are killing other countries, but will not kill ours thanks to President Trumpās commonsense energy agenda,” she added.
NEWSOM UNVEILING CALIFORNIA REDISTRICTING EFFORT TO COUNTER TRUMP-BACKED PUSH IN TEXAS
At the conference, former Washington Gov. Jay Inslee claimed to the COP30 conference that the U.S. has not pulled out of the Paris climate accords.
“One part of the United States has, and that’s the federal government,” he told Germanyās Deutsche Welle.
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
At a business conference in Greece this week, Energy Secretary Chris Wright commented on the Trump administrationās absence, calling the confab “essentially a hoax.”
“Itās not an honest organization looking to better human lives,” Wright said, adding that he may drop in on the 2026 conference to deliver some “common sense.”
News
How Every Senator Voted on Passing the Bill to End the Shutdown
Vote
Total
Democrats
Republicans
Independents
60
7
52
1
40
38
1
1
The Senate on Monday passed a bill to end the longest government shutdown in history after more than a month of stalemate. Seven Democrats and Senator Angus King, a Maine independent, joined almost every Republican in voting āyes.ā
In voting for the bill, the Democrats broke with the rest of their partyās members, who have been insisting that any spending measure include the extension of expiring health insurance subsidies. The bill does not include any health care provisions, but Democrats did obtain some concessions, including the restoration of the jobs of federal workers who were laid off during the shutdown and guaranteed backpay for those who were furloughed.
The bill still needs to pass the House. Representatives are beginning to return to Washington after an extended recess, and a vote is not expected until Wednesday at the earliest.
How Every Senator Voted
Republicans
| Member | Answer |
|---|---|
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No N |
|
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
Democrats
| Member | Answer |
|---|---|
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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Yes Y |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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No N |
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