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| Greetings ! | The theme of this week’s world famous News Haiku™ competition is that Venezuelan opposition leader Maria Corina Machado was awarded the Nobel Peace Prize for her fight for democracy in the country. I’ve already had one entry in Spanish. | Email me your entry by Thursday at noon Eastern for your chance to be voted winner by your Cheddar peers! (*We’re working on getting some cult status T-shirts made saying “I won the world famous News Haiku™ competition,” too…but it might, you know…take us a week or two, so no promises). | 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 ( ▲ 1.56% ) $DJI ( ▲ 1.29% ) $NDX ( ▲ 2.21% ) | | Companies mentioned in today’s newsletter | $AVGO ( ▲ 9.88% ) $PSKY ( ▲ 0.59% ) $WBD ( ▲ 3.98% ) $ORCL ( ▲ 5.14% ) $NFLX ( ▼ 0.09% ) $AMZN ( ▲ 1.71% ) $SPOT ( ▲ 0.99% ) | | Wall Street rallies to recover some of Friday’s sell-off | | After a turbulent Friday that saw Wall Street experience its worst trading day since April, U.S. stocks staged a strong rally on Monday. President Donald Trump’s more conciliatory tone toward China appeared to bolster investor confidence, easing some of the uncertainty that rattled markets just days earlier. | The S&P 500 $SPX ( ▲ 1.56% ) climbed 1.6%, regaining over half of Friday’s losses, while the Dow Jones Industrial Average rose 598 points $DJI ( ▲ 1.29% ) (1.3%), and the Nasdaq Composite surged $NASDAQ ( 0.0% ) 2.1%. | “Don’t worry about China,” Trump reassured on his social media platform Sunday, adding, “The U.S.A. wants to help China, not hurt it!!!” | This marked a stark shift from his earlier remarks accusing China of being “a moral disgrace” in its trade practices. On Friday, Trump had threatened severe tariffs on Chinese imports, a move that fueled market volatility. In response, China’s Commerce Ministry called for negotiations, asserting, “We do not want a tariff war but we are not afraid of one.” | Monday’s rebound also saw Broadcom $AVGO ( ▲ 9.88% ) shares jump 9.9% after announcing a major collaboration with OpenAI. My editor’s father was laid off by Broadcom around 2016. Let’s just say this did not have great consequences. | | | Song of the day: Amber Mark, ‘Let Me Love You’ |  | Amber Mark - Let Me Love You (Official Music Video) |
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| “Let Me Love You” is a synthy, effervescent, bass-popping disco-funk track from a genre-busting talent. It’s made its way into my “Aug/Sep/Oct 2025” playlist already on Spotify, and that’s a high bar, ladies and gentle-cheddz. My editor has been listening to her since before she was cool, although this was also around the time her dad got laid off from Broadcom. | | Free yourself from advertising forever! | Now you can sign up for an optional ad-free version of Need2Know! Subscribe for just $5 a month, or $50 a year, and you can continue to enjoy this reasonably high-quality newsletter uninterrupted. Bonus: The immense satisfaction that comes from supporting journalism*! | | | ADVERTISEMENT | Your Partner in Delegation | | You’ve done it all. Built your business, clawed your way into the green, pulled every lever you could pull. And you did it all by digging in. | But now? Your work days creep later and later. Big plans get pushed one more day. The urgent task always wins over the important one. | You’ve reached capacity. It’s not about working harder now. It’s about growing smarter. | BELAY’s Delegate to Elevate eBook shows how to break through the ceiling by letting go of the tasks holding you back. You’ll discover the mindset shift and strategies successful entrepreneurs use to free up time and focus on scaling. | It’s the tipping point: delegate to elevate — or stay stuck. | Start with BELAY’s free eBook. | *This counts as journalism, right? | |
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| Nor’easter rocks the East Coast, Typhoon causes havoc in Alaska | A powerful nor’easter unleashed flooding, heavy rains, and high winds along the U.S. East Coast on Monday. Meanwhile remnants of Typhoon Halong wreaked havoc in western Alaska, sweeping homes off foundations and leaving communities in distress. | Here’s a picture I took of the street outside my church in Norfolk, Virginia on Sunday, three hours before high tide when there was 10 inches of flooding on the street, and I was safely indoors with a pump at the ready in our basement. We had a power cut in the evening: | | Got an extreme weather shot of your own to share? Email me. | From the Carolinas to New England, coastal areas faced severe conditions. In New Jersey, Governor Phil Murphy issued a state of emergency, with similar action taken by New York Governor Kathy Hochul for southern counties. Winds gusting up to 60 mph battered Long Island, while New York City was placed unde |
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