Ukraine Accuses SpaceX of Limiting Starlink Access & Gen Z is Flocking to South Carolina
October 15, 2026
AI Summary
5 min readInflation came in hotter than expected for September, and the fallout rippled across markets, geopolitics, and the AI trade all at once. The consumer price report showed monthly inflation jumping 0.6% and annual inflation landing at 3.7%, above the 2% the Fed targets. Energy costs were the biggest driver—gasoline alone accounted for about half the monthly increase, and fuel oil prices are up 74% over the past year. But core inflation, which strips out food and energy, also came in hot, worrying economists because it suggests the energy shock from the war in Iran is spreading into airfares, used cars, recreation, and medical care. The big takeaway for households: wages are falling further behind. Average hourly earnings rose 3% year over year, but inflation was 3.7%, meaning real income has been negative for six straight months. As the hosts put it, "nobody experiences the inflation rate—they experience the relationship between their wages and prices." The Fed now faces a coin flip on whether to raise rates again at its next meeting, with market expectations jumping from 20% to 50% after the report.
Ukraine Accuses SpaceX of Limiting Starlink Access
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What you'll learn
- 1 (00:26) **Show Open & Host Introduction** - Neil Freiman and Toby Howell preview the day's topics: Gen Z migration, Ukraine's Starlink accusation, and the giant pumpkin record.
- 2 (01:11) **World's Largest Pumpkin Certified** - A 3,156-pound pumpkin grown by Ron Wallace in Rhode Island is certified by Guinness as the largest ever.
- 3 (03:14) **September CPI Report: Inflation Runs Hot** - Monthly inflation jumped 0.6%, and annual inflation came in at 3.7%—above the Fed's 2% target and economists' predictions.
- 4 (06:30) **Fed Rate Hike Odds Swing Wildly** - Before the CPI report, there was a 20% chance of a rate hike; after, it jumped to 50%, making the next meeting a coin flip.
- 5 (07:13) **Ukraine Accuses SpaceX of Throttling Starshield** - The New York Times reports that the US appears to have restricted Ukraine's use of Starshield, the military version of Starlink, affecting drone operators whose connectivity dropped for anything traveling faster than 100 mph.
- 6 (11:10) **Netflix Announces Largest Layoffs Since 2022** - Netflix is cutting about 1,000 positions (6% of staff), mostly in product, tech, legal, and HR, as the streamer contends with slowing growth and meager engagement.
- 7 (17:43) **Neil's Numbers: Gen Z Flocks to South Carolina** - South Carolina saw a net gain of 22,800 Gen Z adults in 2024, the most of any state, driven largely by college enrollment at the University of South Carolina.
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Guests on this episode
Show Notes
#955: US inflation rises more than expected in September. Ukraine says Starlink restrictions are hurting its military capabilities against Russia. Netflix lays off roughly 1,000 of its workers. Neal’s numbers on Gen Z flocking to South Carolina, shipping costing more than a spaceship, NASA’s Mars rover breaks a new record. Finally, NYC is putting an end to horse carriage rides in Central Park.
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