Morning Brew
Markets: With happy tears in their eyes, investors sent stocks rocketing higher yesterday after the July inflation report came in cooler than expected. And how about two words you haven’t heard in a long time: “bull market.” Thanks to a resurgence in major tech stocks, the Nasdaq entered one yesterday after rebounding more than 20% from its low in June.
Stat: How are teens using social media differently now compared to 2015? Pew’s new survey offers some surprising (and not surprising) answers.
About half of US teens aged 13–17 say they’re online “almost constantly,” up from 24% in 2015.
The most popular platform for teens isn’t TikTok but…YouTube, which 95% of teens use. In 2015, the No. 1 platform was Facebook.
Speaking of Facebook, 71% of teens used it in 2015. Now, 32%.
Quote: “We owe you big man, we owe you.”
As President Biden signed the PACT Act, which expands health benefits to veterans who were exposed to toxic burn pits, he praised Jon Stewart for the comedian’s leading role in pushing Congress to pass the bill. When the bill was being blocked by some GOP lawmakers, Stewart protested with veterans groups and unleashed tirades that went viral online.