A rally in a handful of AI stocks is hiding a broad slump in the rest of the market, while Trump's approval sinks to a career low — bad news for most companies, workers, and the White House heading into the midterms.

• More stocks hit 52-week lows than 52-week highs on an up day, something not seen since 1999.
• Big names like Nike, McDonald's, FedEx, T-Mobile, Wynn, and AutoZone are all sliding while a few AI leaders like Meta carry the indexes.
• Trump's approval fell to 32%, and for the first time more Republicans disapprove than approve of how he handles the cost of living.
• Top Republicans are pushing Trump to ban diesel exports before the midterms, but cutting supply to other countries would ripple back onto the US.
• Apartment landlords face a $2 trillion debt problem as borrowing costs stay high and unfinished projects pile up.

Also in play: Iran's foreign minister is in New York for the UN General Assembly, though direct US talks look unlikely. A Financial Times investigation found a Kremlin-backed payment network moved $6.9 billion through global banks despite sanctions, and the US is proposing a $5 billion fund, matched by Gulf states, to rebuild Middle East energy sites. An air traffic control outage in Philadelphia cancelled flights across the Northeast, and armed Israeli settlers attacked Palestinian homes near Ramallah in the West Bank.

Outlook: With jobs hard to find and living costs outrunning wages, the split between a few AI winners and everyone else looks set to widen, and Trump's support will likely keep eroding.