Green-collar jobs… The Biden admin announced a new climate-related jobs training program. In its first year, the American Climate Corps would train about 20K young people in sustainability skills (think: retrofitting homes for energy efficiency, installing solar panels, disaster prep). The Climate Corps could help trainees land quality jobs in green industries and is designed to attract participants from communities most affected by climate disasters.

• Examples: The $15M ForestCorp program will train young people in skills like wildfire prevention and reforestation. The Climate Corps could also train a new generation of electricians in climate-friendly tech.

• Inspo: The Climate Corps is modeled after a much larger New Deal-era work program, the Civilian Conservation Corps, which nearly a century ago employed 3M young men to enhance public lands (picture: planting 2.3B trees). 

Quittin' for the climate… More than 24M green jobs could be created globally by the end of the decade, and young people — who are more likely to be affected by stronger storms and wildfires than previous generations — are increasingly choosing them. Over half of business-school students said they would take a lower salary to work for an environmentally responsible company. And 44% of Gen Z and millennial workers said they've quit a job because the company's values didn't align with theirs. Employers are reflecting those principles too: LinkedIn job postings requiring green skills grew 22% last year.

President Biden wants a green thumbs-up… Voters under 30 in particular have criticized the Biden admin's climate efforts. His climate approval fell this year after he OK'd the Willow oil-drilling project, which had strong opposition from environmental groups. As thousands of activists protest US fossil-fuel use during the UN General Assembly this week, Biden's hoping the Climate Corps will help appease critics and move America closer to reaching its climate goals.

📦 Status: delivered… FedEx shares spiked after the shipping titan topped profit estimates thanks to cost cuts, price hikes, and market-share gains. But sales fell 6% as shipping demand slowed. FedEx raised its earnings forecast as it tries to slash $4B in expenses by 2025 through layoffs + consolidation. It also benefited from its rivals' woes last quarter: Yellow Corp, a big FedEx Freight competitor, went bankrupt. Meanwhile, UPS's tense negotiations with the Teamsters union helped FedEx win over antsy UPS customers. 

• Fresh off the call: "We captured upside as a result of these one-time events," FedEx CEO Raj Subramaniam said, referring to the turmoil at UPS and Yellow. 

🥣 Pip, pip, Cheerios… General Mills reported 4% quarterly sales growth as folks kept stocking up on its snackable brands like Lucky Charms, Chex Mix, and Häagen-Dazs. The cereal icon got a boost from price hikes, as consumers stomach higher spend for brand names. CEO Jeff Harmening noted three themes for the quarter: cooling inflation, stabilizing supply chains, and "a resilient but increasingly cautious consumer." He suggested Big Food companies could profit as folks dial back restaurant spending. 

• Fresh off the call: "People aren't eating less… as consumers start to get squeezed, what generally happens is people move more at home," Harmening said. 

🏠 BYOH (build your own house)… US homebuilding giant KB Home reported lower quarterly sales, profit, and home deliveries as demand cooled from its record results a year ago (it still beat estimates). KB's average selling price for a home dropped to $466K from $509K a year ago (still ain't cheap). Even though home supply is scarce, this month US homebuilder confidence fell to the lowest level since April as high mortgage rates and prices crush white-picket-fence dreams. Still, KB's home orders for the quarter were up. 

• Fresh off the call: "We believe we are well positioned to navigate the potential for shifting housing market conditions," CEO Jeffrey Mezger said.

🪙 Coins… PayPal said it's adding PYUSD, its recently launched stablecoin, to Venmo. With a market cap of $44M, PYUSD's been slow to gain traction. Venmo, which as of last year had 90M US accounts, could help the coin grow market share.

🌶️ Spicy… FTX sued Sam Bankman-Fried's parents, alleging the two misappropriated millions in funds. The suit says SBF's dad received a $10M gift from his son in 2022 after asking him to raise his $200K/year FTX salary.

🤖 Techy… Traditional-finance heavyweight Citigroup said it'll offer some customers the ability to tokenize their deposits (picture: digi assets representing account balances) on a private blockchain, which would allow for faster transfers.