It's a good time to be an asset owner

WNYC— Thanks to a strong stock market and record home prices, asset owners are feeling richer, even if it’s only on paper. Today, we get into the “wealth effect” and how it may play out in the presidential election. Also: Higher prices slow Procter & Gamble sales, the “catastrophic” halt to a Baltimore port business, and why companies change the metrics they report to investors.

Bloomberg—KFC Owner’s Sales Fall for First Time Since 2020. Sales at restaurant chain owner Yum! Brands Inc. fell for the first time since the depths of the pandemic in 2020, providing more evidence that one of the most resilient parts of the consumer economy is weakening.

NJ.com—Yankees screwed again: It’s time to ban human umps for good | Klapisch. NEW YORK — If you're like me, you've always put up with bad umpires because the game needed them to survive. Despite the missed calls,...

The Guardian—Netflix’s animated Good Times reboot is a stain on a comedy classic. The animated, Seth MacFarlane-produced return for the much-loved sitcom relies on lazy poverty porn and stereotypes, a misunderstanding of what fans want and expectThe Good Times reboot opens in the Chicago projects with its next-gen patriarch in the shower naked duetting the original theme song with a roach on the window sill. Dy-no-mite, this is not.We may well now have the official cause of death for Norman Lear, the god-like sitcom producer who brought Good Times – a spinoff of a spinoff of...