Quote of @davidgura
Treat yourself to “The Great Bridge” when you get a chance. There is no story more American.
"I am not a bridge buff. I am no expert on the building of the canal. These stories are a metaphor," David McCullough told the @vineyardgazette. "It is about the United States and the people. History is about people and that is the most important."
After a month in the studio, “I’d packed my bags when @QuincyDJones called & said they had 1 more song for me. I wanted to go home but he insisted: ‘Man, it’s a good song. It won’t take long.’”

- @GBguitar, on “Give Me the Night,” released today in 1980
“I didn't think there could be any more correct person for Sandy in the universe," Travolta said. He was determined to get her the part. "I never let up on it. I insisted that she be met and that we cast her." @VanityFair #RIPONJ
Quote of @ZeroStarReviews
Held the record for biggest box-office grossing musical for 30 years. 😎
GREASE (1978): "The stench of rank amateurism, rancid TV specials and putrid shows like 'Welcome Back Kotter' permeates the entire 110 minutes of this abomination...Those who make nostalgia films like 'Grease' should be condemned." Cincinnati Enquirer, June 17, 1978
“Filming ‘You're the One That I Want’ — which [Patricia] Birch choreographed on the spot— ‘took seven hours, and we all stayed around to watch it. That's when we knew this was going to be amazing."@VanityFair #RIPOliviaNewtonJohn
Happy 52nd b’day today to “Signed, Sealed, Delivered, I’m Yours.” (1970)Although only 20 years old, Stevie was an established star — and managed to get a reluctant Berry Gordy to let him self-produce. After that, Gordy said, “Stevie was ready to fly.”
“Lilly, based in Indianapolis, said the company is concerned the law will impact its ability to attract “diverse scientific, engineering and business talent from around the world.”

@WSJ⁩ $LLY $CMI #indiana
Quote of @mccrabb_will
Little wonder Schoonmaker called it not only her favorite Marty project — but her favorite film, ever.
Look at this moment from Raging Bull.
Optically enhanced frame rate change as Robinson goes thru the ropes.

The boxing sequences in this film are some of the greatest action direction ever committed to screen.
Quote of @adamwren
Eli Lilly and Co.—among Indiana’s largest employers—on the state’s new near-total abortion ban: “Given this new law, we will be forced to plan for more employment growth outside our home state.”
“.. a cascade of legislative accomplishments on tech manufacturing, guns, infrastructure — and hopefully soon, climate and prescription drugs .. that Democrats have been chasing for decades, and they will affect generations to come.”

For “The Fugitive”s birthday today, what I want out of each and every one of you is a hard-target search of every gas station, residence, warehouse, farmhouse, hen house, outhouse and doghouse.

Premieres today in 1993.
“Everybody has their own America — and then they have the pieces of a fantasy ‘America’ that they think is out there .. And you live in your dream America that you've custom-made .. just as much as you live in your real one."

- Warhol, who would have turned 94 today. #RIP
“.. we urge you to catch up on HBO’s ‘Industry,’ which revels in the high-risk, high-reward lives of traders at a London investment bank — and .. makes the late nights, petty squabbling and social climbing seem like fun.”

@latimes⁩ ⁦⁦⁦$WBD
“.. would be the most substantial change to health policy since the Affordable Care Act became law in 2010, affecting a major swath of the population. It could save some older Americans thousands of dollars in medication costs each year.”

Neil Armstrong would have turned 92 today. Once you’ve seen this picture of him — arriving at the Apollo 11 launch pad that would take him to the moon — you’ll never think about going in to the office the same way again. #RIP

@prchovanec @NASA
Quote of @DataTrekMB
Great chart.
The @NewYorkFed Global Supply Chain Pressure Index continues to ease, a positive sign.

Quote of @David_in_Dallas
This really should have kicked off on November 13.
The @decadesnetwork is showing a marathon of "The Odd Couple" (1970 - 1975) all this weekend. 📺
Quote of @W7VOA
TUES: signs the CHIPS Act
WEDS: signs the PACT Act
On Wednesday, @POTUS will sign into law S. 3373, the #PACTAct, and deliver remarks, @WhiteHouse announces.
Quote of @btaylor
Twitter filed a response to Mr. Musk’s counterclaims. His claims are factually inaccurate, legally insufficient, and commercially irrelevant. We look forward to the trial in the Delaware Court of Chancery. See the filing here:
Quote of @MikeZaccardi
And let’s keep it that way. #OOTT
"Crickets" of a hurricane season so far. $GNRC
Happy 37th b'day to "Running Up That Hill" -- now enjoying its 2nd act, thanks to @Stranger_Things. “The idea was a man and a woman swapping places with each other to see what it was like from the other side." - @KateBushMusic
Quote of @calculatedrisk
Goldman's Hatzius sticks with 50bp for Sept, as he said just now on @CNBC @SquawkStreet
Goldman: "Today’s report indicates an overheated labor market ... We continue to expect another 100bp of Fed funds rate increase over the next three meetings: +50bp in September and +25bp in both November and December, with risks skewed towards earlier or larger increases."
The “sharp decline” in gasoline prices will create a “strong drag” on headline #CPI next week.

(via Morgan Stanley / Zentner)

Breaking news

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With an easy path to re-election in November, California Governor Gavin Newsom is stepping up his national presence by trolling the GOP and expressing Democratic frustration |  Link
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What came down could continue to go up -- or not via @opinion Link
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China’s Xi Jinping Plans To Meet With Biden In First Foreign Trip In Nearly Three Years - @WSJ Link
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Barloworld, the South African car dealer and supplier of equipment to the mining industry, is marketing the nation’s first sale of debt linked to gender-diversity targets |  Link
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Salt Bae restaurant makes £7 million in just four months in London—even without its celebrity chef |  Link
From @Breakingviews: Giorgia Meloni’s popularity is soaring. Her manifesto, drafted with right-wing allies, favors tax cuts and fiddling with EU recovery cash, says @LJucca. Yet EU and market vigilance will tame radical fiscal ideas that may endanger Italy’s big state debt
Hedge fund billionaire @StevenACohen2 is reportedly setting up a separate, crypto-focused asset manager to trade spot cryptocurrencies and derivatives. @BrandyBetz reports |  Link
BREAKING: Author Salman Rushdie was attacked Friday as he was about to give a lecture in western New York via @AP Link
Bitcoin is wrestling with $24,000. What chart analysts see happening next with the crypto's comeback |  Link
Russia's wealth fund could add China's yuan as the Kremlin explores other currencies while sanctions keep dollar and euro assets frozen |  Link
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Ron Insana: The Fed may have retired 'transitory' to soon to describe inflation |  Link
Elon Musk says the Tesla Semi Truck will be delivered in 2022 |  Link
House to vote on major climate, tax and health bill, teeing up huge win for Biden |  Link
While there’s little doubt now that food inflation is real, measuring price changes can be fiendishly difficult and highly subjective. Mayonnaise is a perfect example |  Link
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US consumer sentiment rose in early August to a three-month high on firmer expectations about the economy and personal finances |  Link
Mastercard is facing pushback from retailers over a new product that allows customers to pay off their purchases in installments |  Link
Investors are fleeing these bonds that protected you against inflation |  Link
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DOJ plans to retry Philip Esformes despite Trump commuting sentence of Florida nursing home owner |  Link
The Senate’s budget plan is a step forward, but the work of fixing the benighted American tax system has barely begun via @opinion Link
Toast $TOST Rallies After Guidance Tops Analyst Estimates |  Link
🚨TUNE IN: Colombia's new leftist government headed by Gustavo Petro wants to cut inequality and raise money for poverty-fighting programs. It might not be so easy. Join the LIVE discussion 🎙@JPSpinetto 🎙@anjaralop 🎙@mjbristow 🎙@PattyLaya
After a UBS analyst's note sparked a two-day plunge in the drug makers, their shares rallied Friday after they said there is no evidence the heartburn drug causes cancer. A J.P. Morgan note also called the selloff overdone. |  Link
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Friday, August 12, 2022: Why this sector is strong on falling oil prices |  Link
WATCH: Britain's economy contracted by less than feared in June, when public holidays had been expected to exert a big drag, although sectors most exposed to a worsening cost-of-living crisis struggled |  Link
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Wedbush lowered its stock rating to Neutral and kept the $88 price target on the stock unchanged. |  Link
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Heard on the Street: China’s chip champion had some bumper years thanks to the pandemic. Now SMIC has to grapple with two big problems at once: a drop-off in demand and intensifying geopolitical risks. |  Link
Gas prices dropped below $4 in most states—here's how much a gallon costs where you live (via @CNBCMakeIt) |  Link
Shipping container fees are falling around the world, but not in the U.S. |  Link
Elon Musk tells Joe Biden to 'free some people in jail for weed here too' |  Link
A new report from Bank of America perfectly captures the current market by @MylesUdland Link
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💰 Love #crypto? Join our community and discuss the hot new virtual currency. 👇
China's housing crash has wiped out $90 billion from builders' stock and bond values this year as debt crisis looms |  Link
The San Diego company slashed its forecast for revenue growth in 2022 to between 4% and 5% from 14% to 16%. |  Link
Pelosi is so skilled at delivering legislative wins that it can be taken for granted, says @jbview via @opinion Link
Investors in the US housing market are starting to pull back in a move that could exacerbate the market's slowdown |  Link
Texas’ two Republican senators aren’t fans of the Inflation Reduction Act. Yet few states stand to gain as much from it as theirs does via @opinion Link
Five Chinese state-owned companies to delist from NYSE amid U.S. tensions |  Link
Colombia's new leftist government wants to cut inequality by redistributing wealth, rethinking the war on drugs, and raising money for poverty-fighting programs. It won't be so easy. 🚨Tune in for a discussion with our LatAm team at 11 a.m. ET |  Link
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