America Abbai Newsletter 9/23/24

Stock Markets As of 9/23 5:20 PM CST

S&P 500
5,718.57 (+0.28%)

Dow 30
42,124.65 (+0.15%)

Nasdaq
17,974.27 (+0.14%)

Bitcoin
63,291.25 (+0.81%)

Top News

National Hurricane Center

Meteorologists are warning of a developing storm in the western Caribbean Sea that could become the strongest U.S. hurricane of the season, with potential landfall in Florida's Big Bend region as a Category 3 hurricane. Florida Governor Ron DeSantis has declared a state of emergency in preparation for the storm, which could bring up to 12 inches of rain, high winds, and tornadoes. AccuWeather predicts that conditions are similar to previous hurricanes with sustained winds of at least 111 mph.

Hear Jerome Powell explain decision to slash interest rates

The Federal Reserve has implemented a significant rate cut to maintain the economy's "good shape," though the outcome remains uncertain. Historically, recessions often follow rate cuts, with six out of the last cutting cycles since 1990 leading to a recession within an average of 18 months. Unemployment tends to rise after cuts, with an average increase of 1.4 percentage points, while the impact on inflation is mixed—sometimes spiking, other times cooling depending on economic conditions like unemployment and consumer spending.

Getty Images

Bill Gates described AI as the “biggest technical advancement” of his lifetime, emphasizing its transformative potential in healthcare and education. He expressed concerns over the rapid development of AI and urged collaboration between companies and governments to regulate its risks. Others, like OpenAI CEO Sam Altman, echoed the call for safety testing and regulatory frameworks to ensure AI’s responsible growth, while media figures like Oprah missed the opportunity to delve into critical issues, such as AI’s use of copyrighted content for training data.​

This was the second meeting between PM Modi and Zelensky in a month.

Prime Minister Narendra Modi met with Ukrainian President Volodymyr Zelenskyy in New York, marking their second meeting in about a month. During their discussions, they reaffirmed India's commitment to facilitating peace in Ukraine and expressed mutual interest in elevating their bilateral relations to a strategic partnership. Both leaders emphasized cooperation in upholding international law principles, including respect for territorial integrity and sovereignty.

Andhra Pradesh Deputy Chief Minister Pawan Kalyan has begun an 11-day ‘Prayachit Deeksha’ as atonement for the desecration of Tirupati Laddu Prasadam, criticizing the former TTD board for neglecting Hindu sentiments. He questioned Chief Minister Jagan Mohan Reddy’s defense of board members, asserting that a special investigation team (SIT) is sufficient for an unbiased inquiry into alleged irregularities. Pawan alleged misappropriation of funds by the TTD board and assured that the current government will thoroughly investigate the malpractices of the previous regime.

Movie News

NTR’s Devara is set for a grand release on September 27, with US premieres on September 26. The trailer hints at a plot centered around the sea and fearless men, and despite some prerelease chaos, the film received a boost with a ticket price hike in Telangana, allowing extra shows and increased prices for the first two days. On opening day, Devara will feature 1 AM shows in 29 theaters, with a ₹100 hike per ticket, while from day two to ten, it will have five shows daily with ticket increases of ₹50 in multiplexes and ₹25 in single screens; in the US, it has already registered $1.945 million from 1,946 shows in pre-sales.

Nandamuri Balakrishna is set to collaborate with director Boyapati Sreenu again, with an announcement expected soon as the director is currently preparing for the project. Reports suggest that Boyapati has approached Sanjay Dutt for a key role, which would be an exciting casting choice if confirmed. Although Dutt's Telugu debut in Double Ismart was a flop, fans are optimistic about his potential under Boyapati's direction; meanwhile, Balakrishna is finalizing his upcoming film with Bobby.

In Telugu cinema, female producers like Hanshitha Reddy of Dil Raju Productions, Haarika Suryadevara of Sithara Entertainments, Chaitanya Reddy of PrimeShow Entertainments, and Niharika Konidela of Pink Elephant Pictures have made notable contributions, with most coming from established film families. A new producer is emerging in the industry: Mokshadha Bhupatiraju, the daughter of actor Ravi Teja, who is reportedly preparing to become a full-time film producer. Currently being mentored at a production house that collaborates with top stars like Pawan Kalyan, Mokshadha is already in talks for her debut production, while Kirthi Prasad from People Media Factory is also set to start producing smaller films in the future.

In a remarkable victory, 18-year-old Rhea Singha from Gujarat has been crowned Miss Universe India 2024, outshining 51 other finalists during the grand finale in Jaipur, Rajasthan. As contestant number 36, she secured her place at the top and will represent India at the Miss Universe 2024 pageant in Mexico later this year. After her win, an ecstatic Rhea expressed her gratitude, reflecting on her journey and hard work to reach this milestone, stating, "Today I won the title of Miss Universe India 2024, I am so thankful... I can consider myself worthy enough for this crown."

Theatre Releases

Source: Filmibeat

Movie

Release Date

A.R.M

Sep 12th

Bhale Unnade

Sep 13th

Mathu Vadalara 2

Sep 13th

Utsavam

Sep 13th

Gorre Puranam

Sep 20th

Devara: Part 1

Sep 27th

Swag

Oct 4th

Streaming Dates

Source: Binged

Source: Binged

Reply

or to participate.