Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Tuesday, July 30th. I'm Julie Morgan, 33, 34, and now 35. Delta wants compensation and

J.M. Smucker may have something to sell.

The latest data from the Treasury Department shows U.S. national debt has crossed $35 trillion

for the first time ever.

Recall that national debt hit 34 trillion earlier this year and

passed 33 trillion just three months before that. The president of the independent

think tank committee for a Responsible Federal Budget

said the Bipartisan Fiscal Responsibility Act was an excellent start

to reducing the dead, saying they should extend the FRA caps, find new revenues, and fix the Social Security

and Medicare Trust Funds.

It's important to note that Social Security and Medicare are the biggest drivers of national debt.

The Congressional Budget Office last month projected that national debt would rise from 99%

of GDP this year to a record 122% in 2034 driven by increased interest costs and

mandatory spending. Delta Airlines has hired a law firm to pursue damage after the crowd strike in Microsoft

software outage that began on July 19th.

According to a CNBC report on Monday, Delta has hired an attorney and the airline is seeking compensation from crowd strike and Microsoft after the outage crippled the carrier for several days. No lawsuit has been filed as of yet and

Delta did not immediately respond to see NBC's requests for comment.

Wall Street analysts are pegging the cost of the disruption to as much as $500 million to Delta's bottom line, or 60 cents per share in Q3 in fiscal year 24, according to Citigroup.

Last Thursday Delta said it started the day with zero cancellations

and they expected normal operations to continue Friday and beyond.

J.M. Smucker is exploring a possible sale of its Vortman Bakery Unit and a deal that could be valued at more than 350 million dollars.

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