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| Greetings ! | This week’s world famous News HaikuTM competition theme is that the U.S. government shutdown has left traders “flying blind” on jobs data. Email me your brilliant News HaikuTM on the subject by Thursday at noon ET for a chance to be voted winner. | Now let’s talk about today’s news you Need2Know, shall we? | —Matt Davis, Need2Know Chedditor | | News You Need2Know | | If you like this newsletter, why not forward it to a friend so they can subscribe here? If you don’t, why not forward to an enemy? Thank you! |
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| | What’s the stock market up to, eh? | $SPX ( ▼ 0.38% ) $DJI ( ▼ 0.2% ) $NDX ( ▼ 0.67% ) | | Companies mentioned in today’s newsletter | $TSLA ( ▼ 4.45% ) Cerebras $VZ ( ▼ 0.1% ) $PYPL ( ▲ 4.66% ) $T ( ▲ 1.12% ) $TMUS ( ▲ 1.21% ) | | Tesla’s teasers spark rumors of a new car | | Tesla $TSLA ( ▼ 4.45% ) has revealed more affordable versions of its popular Model Y and Model 3 cars, marking the firm’s first product update in years. The updates come hot on the heels of recent changes to federal tax incentives for EVs, and follow video teasers earlier in the week. | Elon Musk, Tesla’s CEO, emphasized the company’s commitment to making EVs more accessible. "We believe affordability shouldn’t be a barrier to sustainable transportation," Musk said. The new models are aimed at bridging the gap for buyers who were relying on tax credits to make these vehicles more budget-friendly. | Analysts are already weighing in on the impact, saying this is clearly Tesla’s way of staying competitive in a maturing market. However, there’s still backlash personally against Musk, which has hurt U.S. and European sales all year. | | | Song of the day: Blue Lake & Jason Dungan, ‘Strand’ |  | Strand |
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| Illinois sues to block National Guard deployment | | The state of Illinois has filed a lawsuit against the Trump administration to block the deployment of National Guard troops in Chicago. The lawsuit argues that the administration’s actions are unconstitutional and an infringement on Illinois’ sovereignty. | “The American people, regardless of where they reside, should not live under the threat of occupation by the United States military, particularly not simply because their city or state leadership has fallen out of a president’s favor,” the Illinois attorney general’s office said. The lawsuit alleges that the deployment would harm community relations, increase mistrust of law enforcement, and negatively impact local economies. | The White House defended the decision, citing unrest in Chicago. “Amidst ongoing violent riots and lawlessness…President Trump has exercised his lawful authority to protect federal officers and assets,” White House spokeswoman Abigail Jackson responded. | Illinois Governor JB Pritzker pushed back, telling CNN, “Federal authorities are the ones that are making it a war zone.” | The suit cites declining crime rates in Chicago as evidence that the deployment is unnecessary. | | | Today on the ‘gram: I’ll have what she’s having |  | cheddar776K followers | |
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