TLDR

MARKET RECAP → Stocks snapped a multi-day losing streak Friday as investors abandoned hopes of a ‘Santa Claus rally’ ahead of the first full trading week of 2025.

JETBLUE FINED FOR CHRONIC DELAYS → JetBlue (LUV) faced a $2M DOT fine for repeated flight delays, citing unrealistic schedules while calling for air traffic control upgrades to reduce congestion. 🛫

ALCOHOL STOCKS SLIDE AS SURGEON GENERAL LINKS DRINKING TO CANCER RISKS → Shares of alcohol stocks, including Constellation Brands (STZ) and Molson Coors (TAP), dipped after a report called for cigarette-style warnings, but uncertainty over Trump administration action steadied the market.

Was this email forwarded to you? Sign up for free here.

On the move? Subscribe to our daily podcast here.

MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Holiday SZN

TODAY’S TOP NEWS

JetBlue Fined for Chronic Delays

🛫 Historic Penalty: The Department of Transportation fined JetBlue Airways (LUV) $2 million, its first fine for "chronically delayed flights." The fine targeted four routes that faced over 145 delays between June 2022 and November 2023, with JetBlue responsible for over 70% of the disruptions.

📉 Delays and Accountability: The DOT accused JetBlue of failing to adjust schedules for realistic flight times. While JetBlue's on-time rate improved to 71.3% in 2024 from 64.9% the year before, the airline pointed to outdated air traffic control systems and staffing shortages as key contributors to delays.

✈️ Reform and Compensation: The DOT credited JetBlue $1 million of the fine for compensating affected passengers with at least $75 in vouchers. The airline called on the U.S. government to modernize air traffic control and address chronic staffing issues to ensure reliable air travel.

TODAY’S TOP NEWS

Alcohol Stocks Tumble After Cancer Warning

🍷 Surgeon General’s Warning: US Surgeon General Vivek Murthy linked alcohol to cancer, calling it the third leading cause of preventable cancer after smoking and obesity. He proposed warning labels similar to those on cigarettes, sparking investor concerns.

📉 Market Impact: Alcohol stocks, including Constellation Brands (STZ), Molson Coors (TAP), Diageo, and Anheuser-Busch, dropped as much as 6% before partially rebounding. The uncertainty of policy follow-through under the incoming Trump administration tempered losses.

📊 Public Awareness Gap: Murthy’s report highlighted that less than half of Americans recognize alcohol as a cancer risk, despite its association with 100,000 cancer cases and 20,000 deaths annually in the US. Warning labels haven’t been updated since 1988.

BULL VS. BEAR

NOTABLE POSTS

KEEP READING

Biden blocks U.S. Steel takeover by Japan’s Nippon Steel, citing national security (CNBC)

Designer Rosita Missoni, pioneer of colored knitwear, dies aged 93 (CNBC)

Rolex watch prices are through the roof this year. Thank surging gold costs (CNN)

MoneyLion has teamed up with Beast Games to give MoneyLion users a chance at game-changing cash (ML)

Financial Resolutions for Beginners: Start Your Money Journey Right in 2025 (ML)

Do Overdrafts Affect Credit Score? (ML)

Cuddly Cute Chaos: Ridiculous Lessons in Money Episode 4 (ML)

Subscribe to our daily podcast

WHAT WE’RE WATCHING

OUR FAVORITE TOOLS & RESOURCES

• OpenBB — AI-powered research and analytics workspace

• Earnings Hub — Earnings calendar

• Quiver Quantitative — Quiver allows retail investors to tap into the power of big data with insights into things like congressional trades as they are disclosed

• Perplexity — Perplexity AI is an AI-chatbot-powered research and conversational search engine

• The Market Ear — Live news, analysis and commentary on what moves markets and trading

• Coinmarketcap.com — Crypto market data

• Finviz — Financial visualizations

• Trading Economics — Economic calendar

• CME FedWatch Tool — Market-implied probabilities of future levels of interest rates 

• Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett

• ChatGPT — Large language model-based chatbot powered by generative AI

• Vimcal — Lightning-fast calendar and AI scheduling assistant

^{_{The Bull vs. Bear Merchandise Promotion is a limited time campaign that begins on December 1, 2023 at 12:00 AM ET and ends on the date that there are no more Rewards. This Promotion is available to any registered MoneyLion user who is a legal resident of the 50 United States or the District of Columbia and who has reached the age of majority in their state as of the beginning of the Promotional Period. See terms and conditions here.}}

<sup><sub>This advertising email was sent to you because you have a MoneyLion account. If you would like to unsubscribe, please do so using this link. We respect your right to privacy. Please do not reply to this email with sensitive information, such as an account number, Social Security number, date of birth, bank account information, PIN, password, or Online ID. The security and confidentiality of your personal information is important to us. If you have any questions or want to read more, please visit our Help Center.

MoneyLion and Pathward do not provide, nor do they guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party’s failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.

The influencer, creator and other content provided in the MoneyLion App (“Content”) is for informational and entertainment purposes only and should not be construed as legal, tax, investment, financial, or other advice. All Content is intended to be of a general nature, does not address the circumstances of any particular individual or entity, and may not constitute a comprehensive or complete statement of the matters discussed. MoneyLion is not a fiduciary by virtue of any person’s use of or reliance on the Content. You should consult an appropriate professional if you require any legal, tax, investment, financial or other advice. Terms and Conditions for our subscriber referral can be found here.</sub></sup>