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 | Wednesday, March 4, 2026 | | | Good Morning! On this day in 1933, Franklin D. Roosevelt was inaugurated to his first term as president in what was the last inauguration held before Inauguration Day moved to Jan. 20. Today's edition answers a millennia-old question (give or take 130 years): why do basketball shoes squeak? Answers in Science. Speaking of: what is your favorite sport and why? Reply to tell us. Today's sponsor, American Hartford Gold, is helping investors protect their retirement savings with physical silver and gold—at a time when soaring demand, supply deficits, and economic uncertainty are driving renewed interest in precious metals as a powerful wealth protection strategy. | | | |  US Orders Navy Escort for Gulf Tankers
President Trump said the Navy will begin escorting tankers through the Strait of Hormuz "as soon as possible" if necessary and ordered the U.S. Development Finance Corporation to provide political risk insurance for all maritime trade through the Gulf. Earlier Tuesday, Trump wrote of Iran: "Their air defense, Air Force, Navy, and Leadership is gone. They want to talk. I said 'Too Late!'" Meanwhile, Israeli missiles struck the Assembly of Experts building in Qom while Iranian clerics were reportedly counting votes to replace Supreme Leader Khamenei in an effort aimed at preventing the regime from reconstituting its leadership. The Assembly selected Mojtaba Khamenei, 56, the late supreme leader's son, as his replacement, according to opposition outlet Iran International. The report has not been confirmed by Iranian state media. Experts predict the role will be largely ceremonial. Iran struck U.S. embassies in Saudi Arabia and Kuwait, and a U.S. Consulate in Dubai with drones. They also launched missiles at Israel, prompting the State Department to shutter all three embassies and order evacuations from six Gulf nations. | OpenAI Walks Back Pentagon Deal OpenAI is revising its contract with the Pentagon after a wave of backlash from employees, users, and the broader tech world. CEO Sam Altman admitted in an internal memo posted to X (read it here) that the company "shouldn't have rushed" the agreement, which landed just hours after rival Anthropic was blacklisted as a supply chain risk for refusing to let the military use its AI without restrictions. The revised contract now explicitly bans the military using OpenAI's AI to surveil American citizens and bars intelligence agencies like the NSA from accessing the system. More than 100 OpenAI employees and 900 Google employees had signed an open letter supporting Anthropic's position, and users were ditching ChatGPT for Anthropic's Claude in droves, pushing Claude to No. 1 on the App Store. Read the open letter here. | Trump Ends Boycott of Correspondents' Dinner President Trump announced he'll attend the White House Correspondents' Dinner on April 25, ending a boycott that stretched across his entire first term and into his second. He was the first president since Calvin Coolidge to skip the annual event. Trump said on Truth Social that he accepted because reporters now recognize him as the "G.O.A.T." ("Greatest of All Time"), and promised to make it the "greatest, hottest, and most spectacular dinner of any kind ever." The evening will feature mentalist Oz Pearlman as the headliner, rather than a traditional comedian. Trump last attended in 2015. His most famous appearance was in 2011 as a guest, when then-President Obama roasted him over questions about Obama's birthplace, an evening many credit with fueling his decision to run for office.
Love reading The Flyover? Click here to share with your friends and family.  | |  | | The following stories are featured exclusively on The Flyover Podcast—a daily show that gives you the most important headlines in under 15 minutes. Clicking the link will take you directly to these stories: ➤ U.S. officials are urging Americans to leave the Middle East, but airport closures continue to complicate travel. (Hear Details) ➤ Two Smoothie King employees were fired after refusing to serve a customer wearing a Trump shirt. (Hear Story) ➤ Another plane crashed into the Hudson River. This time it was a Cessna. (Listen Now)   
| |  | | ➤ Texas voters went to the polls Tuesday for key 2026 midterm primaries in the state, with tight races for U.S. Senate in both parties dominating national attention. (See Results) ➤ Sen. Bernie Sanders and Rep. Ro Khanna unveiled legislation to impose a federal 5% annual wealth tax on U.S. billionaires. The legislation targets 938 people and promises to distribute $3,000 payouts to families earning under $150,000 annually. (More) ➤ The U.S. Supreme Court blocked a California law that had barred public schools from notifying parents when students identify as transgender, reinstating parental notification rights. (More) ➤ California Democratic Party chair Rusty Hicks urged low-polling Democrats running for governor to consider withdrawing to avoid splintering the vote in the open June primary and helping GOP candidates. (More) | | | Flying together with our sponsor 
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| |  | | ➤ San Antonio Spurs center Luke Kornet is calling on the Atlanta Hawks to cancel their March 16 "Magic City Monday" promotion, a theme night tied to Magic City, one of Atlanta's best-known strip clubs. (See Statement) ➤ Two-time Olympic gold medalist swimmer Hunter Armstrong will compete at the inaugural Enhanced Games this May, where athletes are allowed to use performance-enhancing drugs to push the limits of their performance. (More) ➤ The Los Angeles Dodgers are heavy favorites to repeat as World Series champions at +230 odds, with the New York Yankees next at +950. (More) ➤ Yesterday's Results: NBA | NHL | NCAAM | NCAAW | NCAAB | NCAASB | Soccer | |  |  Daily Market Report 03/03/2026
| ▼ | NASDAQ
National Association of Securities Dealers Automated Quotations | 22,516.69 | -1.02% | | ▼ | SPX
S&P 500 | 6,816.63 | -0.94% | | ▼ | DJI
Dow Jones Industrial Average | 48,501.27 | -0.83% | | ▼ | BTC
Bitcoin | $67,967.48 | -1.18% | | ▼ | GOLD
Per Ounce | $5,115.20 | -3.38% | | ▼ | SILVER
Per Ounce | $82.86 | -6.14% | | ▲ | OIL
West Texas Intermediate Crude | $74.63 | 4.77% | | ▲ | KTB
Kontoor Brands | $78.30 | +20.80% | Bitcoin, gold, silver, and oil are traded 24 hours a day. ➤ Big Stock Move: Kontoor Brands stock jumped nearly 21% on Tuesday after the owner of workwear brands like Wrangler and Lee reported better-than-expected fourth-quarter results. (More) ➤ U.S. gas prices jumped 11 cents overnight to a national average of $3.11 per gallon due to the Iran conflict, with analysts warning prices could rise another 30 cents by week's end. (More) ➤ FCC Chairman Brendan Carr said Paramount Skydance's roughly $110 billion bid for Warner Bros. Discovery should clear review quickly, arguing it raises fewer regulatory concerns than Netflix's earlier deal. (More) ➤ Amazon said drones struck three of its Middle East data centers, two in the United Arab Emirates and another in Bahrain, causing banking and payment service outages in the region. (More) Flying together with our sponsor ➤ High-interest credit cards can make it tough to get ahead. Consider transferring your balance to a card with a 0% intro APR on balance transfers until 2027 and no annual fee. That means more of your payment goes toward your balance—not interest—helping you break the cycle faster. | | | Flying together with our sponsor Inflation is rising, recession is looming, and the stock market bubble looks ready to burst. While dollar-denominated assets like stocks and bonds could plummet, holders of physical gold could soon be celebrating. President Trump's proposed "Gold Reset" could mark America's greatest wealth creation event in nearly a century. This historic move would revalue the nation's gold reserves overnight, catapulting the value of physical gold to new heights as government gold skyrockets by 9,000%. To learn how to protect your savings and potentially benefit from this coming revaluation, claim your FREE 2025 Wealth Protection Guide today. Don't wait until the next crash exposes how fragile the system truly is. Click Here to claim your FREE guide now before it's too late. | |  | | ➤ A 66-million-year-old triceratops skeleton nicknamed Trey is heading to auction on Pharrell Williams' platform Joopiter, with an estimated value of $4.5 to $5.5 million. The 17-foot fossil greeted visitors at a Wyoming museum for nearly three decades before being sold privately and shipped to Singapore. (See Trey) ➤ Yellowstone's Echinus Geyser, the world's largest acidic geyser, has started erupting again after more than five years of silence. (See Geyser) ➤ Physicists finally figured out why basketball shoes squeak: high-speed imaging revealed that ridged rubber soles produce rapid "opening slip pulses" at consistent frequencies as they slide across the court, creating that unmistakable sound. (More) Flying together with our sponsor ➤ Still Hungry After You Just Ate? It's not willpower — it's hormones. GLP-1 medications like Wegovy® (semaglutide) are clinically shown to quiet "food noise" and help patients lose up to 20% of body weight in trials.* Now you can consult licensed providers online through LifeMD and see if the Wegovy® pill or weekly injection is right for you. Insurance accepted (some pay as low as $0–$25). Self-pay starts at $149.  Check Your Eligibility Now | |  | | 
| | Wisdom Wednesday is brought to you by: 
➤ A Manhattan artist who has been married since 1956 says there is one straightforward key to lasting love. (See Key) ➤ "Forest bathing" lowers blood pressure, boosts immune cells, and sharpens memory in older adults, research shows. (More) ➤ People repeat old choices out of habit, not out of value, even when better options appear, and later convince themselves the familiar pick was better, according to a large study. (See Details) Flying together with our sponsor ➤ Rediscover the joy of clear conversations with Audien Atom One OTC hearing aids—premium, nearly invisible devices with wireless charging, up to 20+-hour battery life, and crystal-clear sound for mild to moderate hearing loss, no prescription or doctor visit required. Enjoy comfort, convenience, and a 45-day risk-free trial at a fraction of traditional hearing-aid costs. (LEARN MORE) | | |  | | ➤ Mexican drug lord "El Mencho," co-founder of the Jalisco New Generation Cartel, was buried in a golden coffin near Guadalajara as a band played narcocorridos songs and five trucks hauled anonymous floral tributes. (See Coffin) ➤ Last night's total lunar eclipse, the blood moon, turned the Worm Moon a deep crimson across North America, and it's the last one until New Year's Eve 2028. (See Moon) ➤ A 12-year-old spotted a freshwater crocodile in a suburban Australian creek 1,200 miles south of croc country. His mom thought it was a log. (See Crocodile) Flying together with our sponsor ➤ Just moved? You could be overpaying for car insurance. Coverage requirements vary by state, and your old policy may no longer be the best fit. Comparing coverage limits and shopping for quotes after a move can lead to real savings—use Money's car insurance tool to review your new options. (LEARN MORE) | |  | | Do you like to fish? - Yes
- No
- Depends
Yesterday's Results: Are you currently reading a book? - Yes: 61%
- No: 30%
- I'm listening to one: 9%
| |  Daily Quote |  | "We were genuinely trying to de-escalate things and avoid a much worse outcome, but I think it just looked opportunistic and sloppy."
— Sam Altman, OpenAI CEO, on renegotiating its contract with the Pentagon on AI use. | | |  Today's Trivia What were drag-racing cars called before they were known as "hot rods"? Show me the answer | | |
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