Good morning.

It’s Tuesday, October 7. New York has been hotter than a mid-August subway platform—fall clearly didn’t get the calendar invite. If you see a leaf turning orange, it’s probably just heatstroke.

On this day in 2003, Arnold Schwarzenegger was elected governor of California. Yes, that Arnold—the Terminator himself—won the top job in the world’s fifth-largest economy after an 11-week political circus featuring 135 candidates, including politicians, actors, and one adult-film star.

So here’s to Tuesday, to weather that forgot what month it is, and to hoping for at least a whisper of fall breeze before we all melt into pumpkin spice puddles. A good day and a cooler one ahead—if we’re lucky.

Today’s stories:

• New spacecraft promises one-hour global deliveries

• Montana courts biohackers with risky “Right to Try”

• Cartier reinvents love with modular jewelry line

• Florida divers uncover $1M in sunken treasure

• Instagram gives rings, not money, to creators

• Apple Wallet to include U.S. passports soon

• Bitcoin hits new high amid shutdown chaos

• NYC subway fare hits $3 next year

• AMD lands huge OpenAI chip deal

• Meta turns your AI chats into ads

• U.S. elites just got even richer

  and more…

Wall Street kicked off the week with fresh records as deal fever swept through the market. The S&P 500 climbed 0.36% to 6,740.28, and the Nasdaq rose 0.71% to 22,941.67, both notching new highs. The Dow, however, slipped 63 points, dragged down by weakness in Sherwin-Williams and Home Depot.

Small caps joined the party, with the Russell 2000 crossing 2,500 for the first time and ending up 0.4% at 2,486.36.

AMD stole the spotlight, soaring nearly 24% after striking a deal with Sam Altman’s AI venture that could give ChatGPT’s parent a 10% stake in the chipmaker. Nvidia, its main rival, took a breather, dipping slightly as investors recalibrated the AI leaderboard.

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Bitcoin Breaks Another Record

Bitcoin hit a new all-time high this weekend, climbing to $125,689 because apparently even government shutdowns can’t kill the vibe. Traders are calling it “Uptober,” since October’s been Bitcoin’s lucky month nine out of the last ten years. Basically, it’s pumpkin spice season for crypto bros. The rally’s being fueled by Wall Street optimism, Bitcoin ETFs, and the usual “dollar is dying” drama. Everything from gold to Pokémon cards is also hitting records, because why not? The shutdown is pushing people toward “safe-haven” assets—if you consider a digital coin that crashes every other year “safe.” Bitcoin’s now up over 30% this year, helped by Trump’s crypto-friendly policies and corporations hoarding coins like it’s toilet paper in 2020.

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America’s top 1% hit $52 trillion. America’s top 1% just hit a record $52 trillion in wealth. The top 10% added $5 trillion this quarter alone, because stocks go brrr. Meanwhile, the bottom half got a 6% bump—aka lunch money. There are now over 200,000 Americans worth $30 million or more, and they’re responsible for half the country’s spending. The economy isn’t trickling down; it’s champagne-topping up.

AMD signs monster AI deal with OpenAI. AMD just scored a massive win in the AI arms race—signing a multi-year deal to supply chips to OpenAI, worth tens of billions a year. The deal gives OpenAI the option to buy up to 10% of AMD for basically pocket change—one cent per share—because friendship discounts exist at trillion-dollar scale. Investors lost their minds: AMD stock skyrocketed 34%, adding $80 billion to its value in a single day—the company’s biggest jump in nearly a decade. The deal makes AMD OpenAI’s new favorite supplier, finally giving Nvidia some competition, though Nvidia’s still the cool kid selling every chip it can make. The plan involves hundreds of thousands of AMD GPUs powering OpenAI’s future projects, starting in 2026. That’s six gigawatts of compute—enough electricity to power 5 million U.S. homes. ChatGPT’s glow-up is about to cause a small energy crisis.

Cartier’s new collection: because love needs a rebrand. Cartier’s trying to prove love isn’t dead—just redesigned. The new “Love Unlimited” collection updates the brand’s iconic screw bracelet from 1969, the one you had to literally lock on with a screwdriver (yes, commitment issues not included). This new version bends, shifts, and can even become a necklace or belt if you’re feeling experimental. It’s made of 200 tiny parts and actually comes off with one hand—progress. Cartier says it’s about love “in all forms.”

Montana Wants to Be the New Playground for Biohackers

Forget Yellowstone—Montana’s next big attraction might be stem cells and experimental drugs. The state is pitching itself as a haven for “Right to Try” medicine, inviting longevity startups and biohackers to test treatments that the FDA would rather not talk about. Thanks to new laws, companies can now profit from selling unapproved therapies to anyone willing to sign a waiver and a prayer. The move has biotech firms drooling and medical experts panicking. Critics warn that “try” might quickly turn into “oops,” but state leaders seem determined to make Montana the Silicon Valley of medical risks.

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Amazon Prime, but from orbit. A startup called Inversion just unveiled Arc, a reusable spacecraft that can drop cargo anywhere on Earth in under an hour. Think Amazon Prime—if Jeff Bezos had a missile fetish. The U.S. military loves it, of course, since it means they can ship “critical supplies” (read: weapons) faster than a pizza delivery. The 8-foot capsule flies 20 times faster than sound, survives reentry, and lands with a parachute like it’s late for work. Inversion wants thousands of them floating in orbit, forming a “logistics network.”

Meta’s listening—and shopping with you. Meta just announced it’ll start listening to your AI chats—so it can sell you more stuff. Starting December 16, everything you tell Meta AI (about your vacation, breakup, or existential crisis) becomes marketing data. Congrats, your oversharing finally has a business model. If you mention hiking, expect hiking boots. Talk about your ex, and you’ll get couples counseling ads. The company swears it’s just about “making experiences more relevant,” which is corporate code for “we found another way to stalk you.” With $46.5 billion in ad revenue last quarter, Meta clearly decided privacy was just slowing them down.

Instagram’s new creator reward: a gold ring and zero dollars. Instagram just launched a new “Rings” award to honor 25 top creators—with a shiny gold ring, a profile badge, and absolutely no cash. The winners will be picked by a panel featuring Adam Mosseri, Spike Lee, Marc Jacobs, and Marques Brownlee. Basically, the Met Gala of social media clout. After killing its creator bonuses last year, Meta decided recognition is the new paycheck. Winners can now change their profile backdrop color and customize their like button—because who needs rent money when you can have a gold ring emoji. Meanwhile, brand deals dropped over 50% this year, YouTube has paid creators $100 billion, and TikTok keeps printing checks. Instagram’s response: vibes and jewelry.

Florida Divers Strike Gold—Literally

Treasure hunters just pulled $1 million in gold and silver coins from the ocean off Florida’s “Treasure Coast.” The stash—over 1,000 coins from the 1700s—came from a Spanish fleet that sank in a hurricane in 1715. Apparently, Florida’s been sitting on a pirate movie this whole time. The coins, minted in Bolivia, Mexico, and Peru, still have visible dates and marks, making historians drool and collectors reach for their checkbooks. The salvage company behind the find, 1715 Fleet – Queens Jewels LLC, says each coin is “a piece of history.” And of course, since it’s Florida, some of that treasure technically belongs to the state. Expect lawsuits, drama, and maybe a Netflix docuseries by spring.

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The iPhone is officially your whole personality. Apple’s turning your iPhone into an even bigger identity crisis. The company just confirmed that U.S. passports are coming to Apple Wallet by the end of the year. That means one less thing to forget at the airport—unless your phone dies, of course. Right now, only 11 states offer digital IDs, but passports will finally make the feature useful for the rest of America. Apple quietly dropped the update on its website, buried in a tiny footnote—because nothing says “innovation” like fine print.

$3 NYC subway: same rats, higher price. Starting January, your subway swipe will officially hit $3 for the first time ever. The MTA board just approved the fare hike, calling it “small and predictable,” which sounds like something your ex said before ghosting you. The price of a single ride goes up from $2.90 to $3, while express buses jump to $7.25. Reduced-fare riders get a five-cent bump too, because equality, apparently. The MTA insists it could’ve been worse—if they’d followed inflation, it would be $3.14 (and no, you can’t pay in pie). On the bright side, there’s a $35 weekly fare cap with OMNY, so you can tap endlessly without getting financially mugged. The MetroCard, meanwhile, continues its slow, tragic death.

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TikTok of the day: watch here

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