A cargo plane overran the runway at Miami airport and crashed into traffic.
Monday · September 7, 2026
The Daily Digest
Dark Bulls
Kushner and Witkoff flew from Moscow to Kyiv in 36 hours and said they're "very encouraged." An Amazon Boeing 767 crashed into traffic in Miami — five dead. The Lindsay Clancy trial ended in a mistrial 11-1 for acquittal. And Alcaraz faces Shelton on Tuesday.
Welcome back. Labor Day is over and the next ten days are among the most consequential of the year — CPI on Thursday, FOMC on the 16th, and the US Open quarterfinals starting tomorrow. Over the weekend: the most serious Ukraine peace diplomacy in years happened in back-to-back 36-hour stops in Moscow and Kyiv. A cargo plane crashed into cars at Miami International Airport and killed five people. And a Massachusetts court declared a mistrial in the Lindsay Clancy case after 11 of 12 jurors voted to acquit. Let's get into it.
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📈 Money & Markets
The S&P 500 opens the post-Labor Day week at a record high — and the next ten days will determine whether that holds.
Markets return from the long weekend with a number of moving parts. The S&P 500 closed Friday at a record, lifted by the blowout jobs report that came in at 162,000 against a 53,000 estimate. September rate hike odds are now above 65% per CME FedWatch. The 2-year Treasury yield is at 4.36%, near its highest since May. Bond markets are pricing a Federal Reserve that has both the mandate and the data to move.
The week's decisive event is Thursday, September 11: the August CPI report. This is the last major inflation data point before the September 15-16 FOMC meeting. Warsh's Jackson Hole speech made clear the Fed's focus is on prices, not employment. The jobs report took employment worries off the table. Now everything depends on whether inflation is moving in the right direction. Last month's PCE came in at 3.7% — nearly double the 2% target. If CPI comes in at or above that level, a hike is essentially guaranteed.
"The record S&P is real. The risks to it before September 16 are also real. Rate-sensitive equities tend to underperform in a hike environment. Growth and tech tend to be more resilient when the economy is adding 162,000 jobs a month."
— Dark Bulls
The other market story this week is Nvidia's developer conference, scheduled for Wednesday. CEO Jensen Huang is expected to announce new products in the Blackwell chip generation. After Dell's blowout earnings and Micron's HBM production doubling, markets are watching whether Nvidia accelerates the demand narrative or starts to signal any cooling. Any surprise in either direction moves the AI trade significantly.
For investors, the practical posture this week is straightforward: the bond market is telling you a rate hike is more likely than not. Rate-sensitive equities — utilities, REITs, housing stocks — tend to underperform in that environment. Growth and technology tend to be more resilient as long as the economy is adding 162,000 jobs a month. Thursday's CPI is the deciding data point.
Week Ahead · Sept 7–13, 2026
Thu 9/11
CPI report 8:30am ET
65%+
Sept hike odds
Wed 9/10
Nvidia dev conference
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🏛️ Politics
Kushner and Witkoff flew from Moscow to Kyiv in 36 hours — and came out saying they're "very encouraged." Here's what that actually means.
Over the Labor Day weekend, the most consequential diplomatic shuttle in years was operating at full speed. U.S. special envoys Jared Kushner and Steve Witkoff met Vladimir Putin in Moscow for three hours on Saturday, then traveled overland through Poland and arrived at Kyiv Central Station on Sunday — their first-ever visit to the Ukrainian capital in their role as peace negotiators. The platform had "Peace Express" written on it. Zelensky met them at Saint Sophia's Cathedral before the talks.
The Moscow meeting was described by Kremlin aide Yuri Ushakov as "extremely frank" and "constructive," with the Americans having "put forward a number of ideas on possible routes to a settlement." A White House official said the talks included "substantive plans which will be announced in the coming weeks." Putin told the envoys Russia would achieve its objectives and that the "root causes" of the conflict needed to be resolved. Russia and Ukraine agreed not to strike each other's capitals during the envoys' trip.
"Substantive, important, and we are very encouraged." — Steve Witkoff, Kyiv, September 6, 2026. The first U.S. peace envoy visit to the Ukrainian capital since the invasion began.
— U.S. Special Envoy Steve Witkoff
In Kyiv, the session with Zelensky lasted three hours and included a working lunch. British, French, and German national security advisers joined for part of the discussions. Zelensky said the sides discussed security guarantees and a post-war "prosperity plan." More talks involving European representatives are planned for the coming weeks.
What does "very encouraged" actually mean in diplomatic terms? It means no one walked out, something was proposed that wasn't immediately rejected, and there's an agreed basis for continuing. It does not mean a ceasefire is imminent or a territorial deal is close. Putin is still describing his objectives as unmet. Zelensky has held a country together under sustained bombardment and is not going to concede territory without security guarantees no one has actually offered. The window, if it exists, depends on midterm politics in the United States as much as anything happening in either capital.
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➦ Timely alerts and updates
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🌍 Science & World
An Amazon cargo Boeing 767 overran a runway in Miami and crashed into traffic — five people are dead, three are in critical condition.
21 Air Flight 7598, operating for Amazon Prime Air, arrived from San Juan, Puerto Rico on Sunday afternoon and overran Runway 30 at Miami International Airport just before 2 p.m. ET. The 32-year-old Boeing 767-300 — originally built as a passenger jet and converted to cargo in 2015 — came to rest in a field adjacent to the airport after striking multiple vehicles on a nearby road. Thick black smoke was visible for miles. More than 60 Miami-Dade Fire Rescue units responded.
Miami-Dade fire chief Raied Jadallah confirmed five fatalities and five others hospitalized — three in critical condition at a trauma center and two with less severe injuries. Several people were trapped inside their vehicles and required technical rescue personnel to extract them. The crash prompted a roughly three-hour ground stop at one of the busiest airports in the country, delaying or canceling more than 450 flights over the Labor Day return weekend.
"We're heartbroken to learn that five people lost their lives in today's incident at Miami International Airport." — Amazon spokesperson Kelly Nantel
— Amazon statement
Both the FAA and the National Transportation Safety Board launched investigations. NTSB said it was sending a team to Miami. 21 Air CEO Keith Winters said his company was "devastated" and cooperating with federal investigators. Amazon does not operate the planes directly — 21 Air is a contractor operating Boeing 767s under the Amazon Prime Air brand.
The Boeing 767 has been involved in several high-profile cargo incidents in recent years, including the 2019 Atlas Air crash near Houston that killed three. Sunday's Miami incident is one of the most deadly U.S. aviation accidents in years, occurring at a major international airport in the middle of a holiday afternoon. Whether mechanical failure, pilot error, weather, or something else caused the overrun is what months of NTSB investigation will determine.
⚖️ Crime & Law
The Lindsay Clancy murder trial ended in a mistrial Friday — 11 jurors voted to acquit, 1 refused, and now the DA must decide whether to try again.
Judge William Sullivan declared a mistrial in Plymouth Superior Court on Friday afternoon after the jury — nine women and three men — reported for the third time that it was deadlocked and could not reach a unanimous verdict. The panel had deliberated for seven days after more than five weeks of testimony on one of the most agonizing questions in criminal law: whether Lindsay Clancy, 36, was so severely ill from postpartum psychosis when she killed her children that she could not be held criminally responsible.
Clancy never denied strangling her 5-year-old daughter Cora, 3-year-old son Dawson, and 8-month-old son Callan at the family's Duxbury home on January 24, 2023. The prosecution argued she knew exactly what she was doing. The defense argued that postpartum psychosis — a rare and severe condition — had rendered her incapable of distinguishing right from wrong. After weeks of expert testimony, 11 jurors apparently found the defense argument persuasive. One did not.
"I won the case," said defense attorney Kevin Reddington after the mistrial. "The prosecution was crushed." The jury note read: "It is with a heavy heart that we report we are unable to come to a unanimous decision."
— Defense attorney Kevin Reddington
Reddington described the jury as "11 to 1 for acquittal" and sharply criticized the holdout juror's conduct as a form of willful noncompliance with the judge's instructions. The district attorney, Tim Cruz, said he was committed to justice for the three children: "Children were murdered, and it's our job to seek justice." He has not announced whether he will retry the case. A status hearing is scheduled for September 29.
Judge Sullivan said his thinking was to retry the case "sooner rather than later." Reddington said he wants a second trial as quickly as possible — signaling he believes the defense position is strong enough for a second acquittal attempt. A plea to a lesser charge is also possible. For the families involved — particularly Clancy's husband Patrick, who lost both his children and whose wife now awaits a potential retrial — there is no version of this outcome that is anything other than devastating.
🏀 Sports
Alcaraz beat Tommy Paul in straight sets to reach the quarterfinals — and Tuesday's matchup against Ben Shelton may be the match of the tournament.
Carlos Alcaraz dispatched American Tommy Paul 6-4, 6-3, 6-4 on Sunday in the fourth round at Arthur Ashe Stadium, continuing what has now become a genuine tournament run. "I'm happy with that performance," Alcaraz said afterward. "I played my game." The line captures what's been happening all week: Alcaraz arrived uncertain, dropped a first set in the second round, and has gotten progressively cleaner, sharper, and more himself with each passing match. The wrist is clearly fine.
Shelton is the match. The American No. 8 seed has been one of the stories of this tournament — big serve, explosive movement, a crowd that loves him on his home court. He's beaten Alcaraz in a hard court match before and knows how to neutralize pace by generating his own. An American in the US Open semifinals would be the tournament's preferred outcome. Two Americans — Shelton and Frances Tiafoe, who plays Alex Michelsen in the other quarter — would make it a genuinely historic US Open fortnight.
"Alcaraz vs Shelton on Tuesday. Sabalenka vs Noskova. Pegula vs Navarro. The US Open quarterfinals are genuinely the most exciting matchday of the American tennis year."
— Dark Bulls
Aryna Sabalenka also reached the quarterfinals, beating Taylor Townsend 6-4, 6-3 despite being broken three times in the first four service games. "I love matches like that," Sabalenka said, "because it was really challenging." She faces Wimbledon winner Linda Noskova next. Jessica Pegula faces Emma Navarro in the other women's quarter — another all-American matchup that could put two American women in the final four.
The quarterfinals run Tuesday and Wednesday. The women's semifinals are Thursday, the men's are Friday. Women's final Saturday, September 12. Men's final Sunday, September 13.
📋 In Brief
Miami airport back to operation.
Miami International resumed normal operations Sunday evening following the roughly three-hour ground stop. More than 450 flights were delayed or canceled during the closure. Ripple effects from Sunday's disruptions continued into Monday morning — travelers should check their flight status. The NTSB investigation is underway, with a team on the ground at the crash site.
Clancy next steps.
The September 29 status hearing in Plymouth will be the first public indication of whether DA Tim Cruz intends to retry Lindsay Clancy. If he does, Massachusetts law entitles her to another jury trial on the first-degree murder charges. A plea to a lesser charge is also possible if both sides agree. Reddington has said the next move is the DA's.
CPI on Thursday.
The August Consumer Price Index drops Thursday, September 11, at 8:30 a.m. ET — exactly one week before the FOMC decision. Warsh has signaled clearly that the rate decision will follow the data. Thursday morning is the data. If inflation holds at or near its current 3.7% PCE level, a September hike is essentially locked in.
— David
Dark Bulls
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