America Abbai Newsletter 9/2/24

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

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5,648.40 (+1.01%)

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41,563.08 (+0.55%)

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17,713.62 (+1.13%)

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Top News

Sumit Antil won India's third gold medal at the Paralympics 2024 by breaking the javelin record twice in the F64 final with a throw of 70.59m. Nitesh Kumar secured the second gold in the Men's Singles SL3 para badminton final, while Suhas Yathiraj and Thulasimathi Murugesan earned silver, and Manisha Ramadass took bronze in para badminton events. Additionally, Sheetal Devi and Rakesh Kumar won bronze in the para archery Mixed Team Compound Event, and Yogesh Kathuniya won silver in the Men's Discus Throw F56 Final on Day 5.

Kamala Harris currently leads Donald Trump by a narrow margin in national polls and key battleground states including Georgia, Michigan, Nevada, and Wisconsin. Despite this, Trump remains consistent at 47%, reflecting his support levels from the 2016 and 2020 elections.

In Andhra Pradesh's Vijayawada, severe flooding has led to extensive rescue and relief operations, with hundreds of people being saved by NDRF and SDRF teams. The Indian Air Force and Navy have deployed five helicopters and nearly 190 boats for operations, while drones are being used to distribute food. Heavy rains have affected about 4.5 lakh people, with significant damage and flooding in Vijayawada, prompting the Chief Minister to oversee the situation and address infrastructure issues.

Telangana Chief Minister Revanth Reddy has reported an estimated loss of Rs. 5000 crore due to recent heavy rainfall and flooding in the state. He has requested Rs. 2000 crore in immediate financial assistance from the central government and announced Rs. 5 crore in aid to the Suryapet district, along with an ex-gratia of Rs. 5 lakh for flood victims. Revanth is actively touring affected areas and has assured housing and support for those who lost homes in the floods.

In September, the U.S. Federal Reserve is expected to align with several major central banks, including the European Central Bank and the Bank of England, by cutting key interest rates. Analysts predict a generally positive environment for equities for the remainder of the year but caution about significant risks. Currency markets will remain focused on short-term rate expectations and the dynamics of ongoing monetary easing.

Movie News

"IC814: The Kandahar Hijack," a Netflix series that presents a gripping and realistic portrayal of the 1999 Kandahar hijacking incident. The film is praised for its intense storytelling and accurate depiction of the real-life event, capturing the tension and complexity of the crisis. It highlights the challenges faced by the authorities and the resilience of those involved, making it a compelling watch for audiences interested in true stories of bravery and conflict.

"Devara," starring NTR Jr., is set for a global release on September 27 and has generated significant anticipation following the success of his previous film, "RRR." The film's distributors have secured record deals with nearly Rs 200 crores invested, and it must gross at least $5.25 million in North America to break even. While "RRR" earned $14.35 million in North America, largely due to its star power and directorial team, "Devara" will need to prove its potential, having already garnered $150K from pre-sales. Directed by Koratala Siva and featuring Saif Ali Khan and Janhvi Kapoor, the film's soundtrack is by Anirudh Ravichander.

Salman Khan is set to star in a new action drama directed by Atlee, known for his work on "Jawan" with Shah Rukh Khan. This highly anticipated film will also feature Kamal Haasan, marking a significant collaboration between the two superstars. Scheduled to begin shooting in January 2025, with pre-production starting in October 2024, the project aims to deliver a major cinematic experience. Salman Khan is reportedly reaching out to Kamal Haasan personally to finalize his involvement. Meanwhile, Salman is preparing for his upcoming film "Sikandar" and Kamal Haasan is focusing on several projects, including a spin-off of "Kalki 2898 AD" and "Indian 3."

Tollywood star Junior NTR expressed immense joy as he fulfilled his mother's long-time dream of visiting her hometown Kundapura in Karnataka and having darshan of Lord Krishna in Udupi, just before her birthday on September 2. He shared that this moment was the greatest gift he could offer her and extended his gratitude to director Prashant Neel and producer Vijay Kiragandur for helping make it possible. The occasion was made even more special by the presence of his close friend Rishabh Shetty, and NTR shared pictures of the memorable event on X.

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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