America Abbai Newsletter 8/28/24

Stock Markets As of 8/28 4:30 PM CST

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Top News

Former President Donald Trump announced that he will participate in a debate against Vice President Kamala Harris on September 10 in Philadelphia, despite initially suggesting he might skip it. The debate will be hosted by ABC News, and it marks their first direct debate since Harris replaced President Biden as the Democratic nominee. There is ongoing disagreement between the campaigns about whether to keep a rule from a previous debate that muted candidates' microphones when it wasn't their turn to speak.

Nvidia reported earnings that exceeded Wall Street expectations and offered strong guidance for the current quarter, benefiting significantly from the ongoing artificial intelligence boom. Despite a slight dip in after-hours trading, Nvidia's stock has surged approximately 150% this year.

Gujarat, already severely affected by rain and flooding, is expected to face more challenges as the meteorological department predicts continued heavy rainfall. The Met office has issued an alert for very heavy rain until August 30, indicating no immediate respite for the region.

Thousands of Indian students are among the 70,000 facing deportation from Canada due to new immigration policies. These students are protesting and demanding that Canada amend its policies to better accommodate their situations. The protests, which started in Prince Edward Island, have now spread to three more provinces.

CM Revanth Reddy has gained attention in Telangana by using HYDRAA to remove illegal constructions in Hyderabad, a move welcomed by the public but criticized by political opponents. In response to KTR’s accusations that the program targets political rivals, Revanth challenged KTR to prove any of his or his family’s properties are illegal, stating he would personally help demolish them if found so. Revanth also expressed suspicion about the BJP's involvement in Kavitha's quick bail, questioning the speed of her release compared to other accused in similar cases.

Movie News

Nani's latest film, Saripodhaa Sanivaaram, is performing well in the U.S. with pre-sales for its premiere reaching $348,974, making it his second-highest premiere grosser after surpassing MCA. The film is now in a strong position to potentially break the $639,000 premiere record set by Dasara, depending on the word of mouth from early viewers. Even if it doesn't surpass Dasara's numbers, the strong pre-sales reflect a high demand for Nani’s films, with the film needing to gross ₹80-90 crores worldwide to break even.

Adivi Sesh is set to return to the spy thriller genre with G2, the sequel to the 2018 hit Goodachari, boasting a significant Rs. 100 crore budget, making it his most expensive project yet. The film aims to expand its appeal into the Hindi market with Emraan Hashmi joining as a lead character, and promises to deliver a mix of action, drama, and storytelling under the direction of Vinay Kumar Sirigineedi. Scheduled for a pan-Indian release in the latter half of 2025, G2 is produced by People Media Factory, Abhishek Agarwal Arts, and AK Entertainments, and aims to resonate globally while maintaining the emotional depth of the original.

Theatre Releases

Source: Filmibeat

Movie

Starrring

Release Date

Saripodhaa Sanivaaram

Nani, Priyanka Arul Mohan

Aug 29th

HIT 3

Nani

Aug 30th

Narudi Brathuku Natana

Siddhu Jonnalagadda, Neha Shetty

Aug 30th

SKN - Sai Rajesh Movie

Santosh Sobhan, Alekhya Harika

Aug 31st

Selfish

Ashish

Aug 31st

Streaming Dates

Source: Binged

Source: Binged

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