The U.S. is locking in some monster tariffs on China, kicking off September 27. We’re talking 100% on EVs, 50% on solar cells, and 50% on semiconductors by 2025. Consumer sentiment came today, barely a pulse, moving from 67.9 to 68.5. And gold extended its gains for a second day of new all-time highs. 👀

Your usual Daily RIP guide, Tom Bruni, is off exploring the wild unknown (Canada). He’s gracing the stage at the MoneyShow in Toronto. So today, you're stuck with me (Jon Morgan), your Litepaper author and humble stand-in.

Today's issue covers Boeing’s workforce walking out, SelectQuote’s losses despite higher revenue, and Medical Properties Trust’s big tenant swap. 📰

Here’s the S&P 500 heatmap. 11 of 11 sectors closed green, with utilities (+1.41%) leading and health (+0.19%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $NOVV, $PLCE, $OMIC, $TNON, $RH, 📉 $SLQT, $OLB, $GOVX, $VEDU, $VMAR*

*If you’re a business and want to access this data via our API, email us.

$BA’s workers have officially taken off, walking out for the first time since 2008 after 96% of them decided the company’s 25% wage hike offer wasn’t going to fly. ✈

They’re looking for something closer to 40% because inflation’s got their wallets in a nosedive. Now, production’s grounded, the 737 Max is sitting on the tarmac, and Boeing’s heading for a $1.5 billion crash landing if this strike drags on.

Meanwhile, Southwest Airlines has already pulled back on delivery expectations, and the FAA is circling after Boeing’s recent 737 Max turbulence.

Safe to say, this is one rough flight for Boeing, and it doesn’t look like they’ll be clearing the runway anytime soon. ✈️

$SLQT just dropped their Q4 2024 earnings report, and while revenue hit $307.2 million—up from $221.8 million last year—the company’s still losing money. 🤦

Net loss for the quarter came in at $31 million, but hey, that’s better than last year’s $47.8 million loss. Adjusted EBITDA swung from a negative $5.8 million in 2023 to a positive $14.4 million this year, so there's that.

For FY 2025, they anticipate revenue between $1.4 billion and $1.5 billion, with an adjusted EBITDA of $90 million to $120 million. Net loss? They're expecting it to be anywhere between $42 million and $6 million. So, basically, they’re still working on getting out of the red.

How do investors feel? Not good, not good at all. It’s one hell of an ugly looking day for longs. SLQT is down -43.73% 👴

Medical Properties Trust ($MPW) just wiped its hands clean of Steward Health Care System, officially ending that relationship and signing up new operators to take over 15 hospitals. 🧼

New operators will start running the show at hospitals in Arizona, Florida, Louisiana, Ohio, and Texas, with rent payments expected to hit $160 million annually by 2026.

This deal looks pretty solid for MPW. They’re getting nearly 95% of the cash rent they would’ve squeezed out of Steward by 2026, all while dodging any further drama. 💰

💎 Uncover the market’s next big winners before they take off with the MarketSurge Blue Dot—get 6 weeks of access for only $49.95*

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🤩 Chart Art: The best trade ideas and analysis from the Stocktwits community

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