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☆ CNBC Daily Open: Fedspeak reassures markets
▼ + stars: | 2024-09-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets regain momentumU.S. markets rose Monday, with the S&P 500 and Dow Jones Industrial Average notching fresh closing highs. Asia-Pacific stocks mostly climbed Tuesday, with the Chinese and Hong Kong markets popping over 3% on Beijing's announcement of policy easing measures. PBOC policy easingThe People's Bank of China Governor Pan Gongsheng on Tuesday announced a cut to banks' reserve requirement ratio.

Persons: Neel Kashkari, The Beverly Hilton, Pan Gongsheng Organizations: Federal Reserve Bank of Minneapolis, The Beverly, CNBC, Dow Jones, People's Bank of China, Boeing, Tech, Big Tech, Companies, Nomura Locations: Beverly Hills , California, U.S, Asia, Pacific, Hong Kong, China, Beijing

☆ Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead
▼ + stars: | 2024-09-23 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Minneapolis Federal Reserve President Neel Kashkari said Monday that he expects policymakers to dial down the pace of interest rate cuts after last week's half percentage point reduction. "I think after 50 basis points, we're still in a net tight position," Kashkari said in a CNBC "Squawk Box" interview. "Right now, we still have a strong, healthy labor market. In their latest economic projections, FOMC members indicated that rate is probably around 2.9%; the current fed funds rate is targeted between 4.75% and 5%. Speaking separately Monday morning, Atlanta Fed President Raphael Bostic indicated he expects the Fed to move aggressively in getting back to a neutral rate.

Persons: Neel Kashkari, we're, Kashkari, Kasharki, Raphael Bostic, Bostic Organizations: Minneapolis Federal, CNBC, Federal Reserve, Atlanta Fed, Fed Locations: Minneapolis

☆ Opinion | Why Trump Can’t Shake Project 2025
▼ + stars: | 2024-09-22 | by ( Ezra Klein | ) www.nytimes.com time to read: +3 min

That, after all, is what Project 2025 was actually meant to be. When he said, during his debate with Kamala Harris, that he hadn’t read Project 2025 and has no intention of doing so, I believed him. But Project 2025 — and much else like it that has gotten less press — is more than a compendium of policy proposals: It is an effort to build a deep state of Trump’s own. This is the problem groups like Project 2025 set out to solve. Behind the policy playbook sits a database of around 20,000 applicants ready to be part of the next Trump administration.

Persons: Donald Trump, Trump, Kamala Harris, Coke, It’s, Mike Pence, Reince, MAGA, Steve Bannon, Stephen Miller, Nikki Haley, Jared Kushner, Gary Cohn, Read, Katy Talento, playbook, ” Organizations: Fox, Friends, H.R, McMaster, Council, Republican Locations: Washington

☆ The Fed has set out on a 'recalibration' of policy. Here's what Powell's new buzzword means
▼ + stars: | 2024-09-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a "recalibration" of policy at a pivotal moment for the central bank. "This recalibration of our policy stance will help maintain the strength of the economy and the labor market, and will continue to enable further progress on inflation as we begin the process of moving forward a more neutral stance," Powell said. Financial markets weren't quite sure what to make of the chair's messaging in the meeting's immediate aftermath. However, asset prices soared Thursday as investors took Powell at his word that the unusually outsized move wasn't in response to a substantial slowing of the economy. The Dow Jones Industrial Average and S&P 500 jumped to new highs in trading Thursday after swinging violently Wednesday.

Persons: Jerome Powell, Powell, didn't, Tom Porcelli Organizations: Financial, Dow Jones Industrial

☆ The Fed is following its 1995 playbook — and that's great news for stocks and the economy
▼ + stars: | 2024-09-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed looks like it's following the same path it did in 1995, according to TS Lombard. It's also great news for stocks, as the S&P 500 more than doubled in value that decade. AdvertisementThe Fed is following a 30-year-old playbook with its interest rate moves — and that's good news for the US economy, according to TS Lombard. Stocks soared a day after the big rate cut. Despite wobbling in the hours after the Fed's rate move, the major indexes hit fresh records in Thursday trades.

Persons: It's, —, Dario Perkins, Perkins, Stocks Organizations: TS Lombard, Service, Fed, American Institute for Economic Research, Cleveland Fed

☆ CNBC Daily Open: Markets need time to digest the 50-point cut
▼ + stars: | 2024-09-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Anna Moneymaker | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. By contrast, the prevailing sentiment among experts was that a 25-point cut was more likely, according to a CNBC survey. And he was likely aware that a bigger-than-usual cut might connote that the Fed's worried about the economy. "I don't see anything in the economy right now that suggests that the likelihood of a recession, sorry, of a downturn, is elevated," Powell said.

Persons: Jerome Powell, William McChesney Martin Jr, Anna Moneymaker, Jerome Powell's, Powell, –, Jeff Cox, Yun Li, Hakyung Kim, Samantha Subin Organizations: Federal, Federal Reserve, CNBC, Dow Jones, Nasdaq Locations: Washington , DC

☆ A new tool shows what the climate crisis could feel like in your city
▼ + stars: | 2024-09-19 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Monthlong heat waves. AdvertisementLocal climate hazardsTo make predictions at a city level, Mackres said WRI built on global climate modeling done by hundreds of other researchers. World Resources InstituteIn Bengaluru, India's fifth-most-populous city, extreme heat has caused severe water shortages and surging energy demand. Now it ranks second behind San Francisco after a series of deadly heat waves prompted residents to install AC. If that demand is met with fossil fuels like oil, gas, and coal, it could exacerbate the climate crisis, WRI said.

Persons: WRI, Eric Mackres, Mackres, haven't Organizations: Service, World Resources Institute, Ross Center for Sustainable Cities, Resources, Bengaluru, US, San Locations: Saharan Africa, Latin America, Indonesia, Africa, Asia, Seattle, Rio de Janeiro, Johannesburg, Bengaluru, India, India's, Brazil, US Pacific Northwest, San Francisco, Tehran, Iran, Marrakech, Morocco

☆ CNBC Daily Open: Markets seemed taken aback by the 50-point cut
▼ + stars: | 2024-09-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Anna Moneymaker | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. By contrast, the prevailing sentiment among experts was that a 25-point cut was more likely, according to a CNBC survey. And he was likely aware that a bigger-than-usual cut might connote that the Fed's worried about the economy. "I don't see anything in the economy right now that suggests that the likelihood of a recession, sorry, of a downturn, is elevated," Powell said.

Persons: Jerome Powell, William McChesney Martin Jr, Anna Moneymaker, Jerome Powell's, Powell, Jeff Cox, Yun Li, Hakyung Kim, Samantha Subin Organizations: Federal, Federal Reserve, Getty, CNBC, Dow Jones, Nasdaq Locations: Washington , DC

☆ Federal Reserve Cuts Interest Rates for the First Time in Four Years
▼ + stars: | 2024-09-18 | by ( The New York Times | ) www.nytimes.com time to read: 1 min

Today, the Federal Open Market Committee decided to reduce the degree of policy restraint by lowering our policy interest rate by a half percentage point. Inflation is now much closer to our objective, and we have gained greater confidence that inflation is moving sustainably toward 2 percent. We’re going to take it meeting by meeting. As I mentioned, there’s no sense that the committee feels it’s in a rush to do this. We made a good, strong start to this, and that’s really, frankly, a sign of our confidence — confidence that inflation is coming down.

Persons: that’s Organizations: Federal, Market

☆ The 3 policy issues portfolio managers are most concerned about this election season — including one that wasn't discussed during the debate
▼ + stars: | 2024-09-18 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Read previewFor Wall Street, policy — not politics — is the motto leading up to November. Death and taxesUnsurprisingly, tax policy is at the top of money managers' minds, according to Frank Kelly, senior political strategist at DWS. The filibusterThere's an under-the-radar issue keeping portfolio managers up at night: the elimination of the filibuster, according to Kelly's conversations with clients. Wall Street analysts expect a very close election, and even a minute change could be enough to push the needle on the outcome for either candidate. Given how important gridlock is to the market, there's not enough conversation around the impacts of eliminating the filibuster, Kelly believes.

Persons: —, Kamala Harris, Donald Trump, DWS, Frank Kelly, Harris, Trump, David Bianco, Bianco, Goldman Sachs, Chuck Schumer, Kelly, Monica Guerra, Morgan Stanley, Morgan Stanley Wealth Management's, it's, Jack Ablin, Washington doesn't Organizations: Service, Asset Management, Business, Trump, Jobs, DWS, Wall Street, Morgan Stanley Wealth, Cresset Capital Management, White, Washington, Democrats, Republicans Locations: DWS Americas

☆ Just Stop Oil demanded climate action. Their protests have landed them in prison
▼ + stars: | 2024-09-14 | by ( Kara Fox | ) edition.cnn.com time to read: +16 min

Just Stop OilThe laws were purpose-built to target protest groups like Just Stop Oil. ExxonMobil told CNN that they do not currently fund Policy Exchange or American Friends of Policy Exchange, but did not answer questions about past funding. The UK’s lengthy jail terms stand out globally, but the creeping clampdown on disruptive climate protest is also happening elsewhere. Leon Neal/Getty ImagesThe Just Stop Oil case amplifies the near erasure of legal defenses available to protesters who take part in disruptive demonstrations. The same report compared Just Stop Oil to “terror groups” and recommended their actions be banned.

Persons: Cressie Gethin, “, — Louise Lancaster, Daniel Shaw, Lucia Whittaker, Abreu, Roger Hallam, —, ” —, ” Gethin, Michael Forst, “ ’, ’ ” Cressida Gethin, Jodie Beck, Toby Melville, Rishi Sunak, ” Sunak, Gethin, ”, ALEC, Exxon’s, Stephanie Keith, UN’s Forst, Leon Neal, ” Tim Crosland, — Lord Walney, John Woodcock —, Israel . Woodcock, Henry Nicholls, Beck, ” Beck, she’s Organizations: London CNN, Prosecutors, CNN, HMP, Airport, Big Oil, Conservative, International Energy Agency, Labour, London, Police, Amnesty International, Liberty, Stop, ExxonMobil, Exchange, Atlas Network, of Policy, London Metropolitan Police, Met Police, Global, US Civil Rights, Climate Rights International, International Center, Profit, Dakota Access Pipeline, American Legislative Exchange Council, Chevron, Energy, Center for Media, Democracy, Dakota, Pipeline, Oil, Palestine, British, Reuters Locations: North, London, HMP Bronzefield, London’s, —, US, Germany, France, Australia, Mandan , North Dakota, United Kingdom, Israel, England, Northern Ireland

☆ The stock market risks keeping Wall Street's biggest bulls up at night
▼ + stars: | 2024-09-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

The bulls on Wall Street have been largely right about the stock market over the past two years. Business Insider asked three bullish stock strategists what they consider the biggest risks. Yet, those economists have been largely wrong about what could sink the stock market and economy. "In May/June, when you had a lot of bears or those that had been late to jump on the bull parade all of a sudden switch their forecasts and kind of chase markets up, which is pretty, I mean pretty, pretty, pretty classic," Belski told Business Insider. The second risk is, similar to Belski's concern, a 1990's type melt-up in the stock market.

Persons: —, Brian Belski, Belski, Yardeni Research's Eric Wallerstein Eric Wallerstein, Wallerstein, that's, Carson, Sonu Varghese Sonu Varghese, Varghese Organizations: Business, Service, BMO, Nvidia, Yardeni Research, Carson Group, Federal Locations: Russia, Ukraine, China, Taiwan

☆ Dollar firm as inflation data douse bets for big Fed rate cut
▼ + stars: | 2024-09-12 | by ( ) www.cnbc.com time to read: +3 min

The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in U.S. inflation reinforced expectations that the Federal Reserve would avoid a super-sized interest rate cut next week. The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in U.S. inflation reinforced expectations that the Federal Reserve would avoid a super-sized interest rate cut next week. Meanwhile, a quarter-point rate reduction from the European Central Bank is widely expected later on Thursday, with investors anxious for hints on how soon the monetary authority will cut again. Early on Wednesday, Bank of Japan board member Junko Nakagawa reinforced the central bank's tightening bias by saying low real rates leave room for further rate hikes. As a result, traders essentially priced out the chances of a 50-basis point rate cut on Sept. 18, paring the odds to 15% versus 85% probability for a 25-bp reduction.

Persons: Junko Nakagawa, Naoki Tamura, Tony Sycamore Organizations: Federal, European Central Bank, Bank of Japan, IG, ECB, Sterling, Swiss Locations: U.S

☆ Trump will attack Harris' biggest vulnerabilities at the debate. Her response could decide the election.
▼ + stars: | 2024-09-10 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

Trump appears to have begun to slow Harris' rise, which began after President Joe Biden dropped out of the race. At the same time, Harris has abandoned many of her most progressive views that she took during her failed 2020 Democratic presidential primary run. "She's not really quite sure what she believes that's why she is pretty evasive to answering questions on policy, policy positions that she has supported in the past and supposedly what she does not support now," Wolking said. Tuesday's debate will mark the first time Harris and Trump will be in the same room together. With perhaps the exception of the Nixon-Kennedy debate, no other presidential debate will loom larger in history.

Persons: Kamala Harris, Donald Trump, Trump, Harris, Joe Biden, Hillary Clinton, pollsters, Trump's, Ben Warner, Warner, They've, Kamala, Matt Wolking, Tim Walz, CNN's Dana Bash, She's, Wolking, hasn't, Bash, Biden, Democratic pollster Evan Roth Smith, Roth Smith, Reid Hoffman, Roth, Doug Sosnik, he'll, Sosnik, Clinton, Nixon, Kennedy Organizations: Service, New York Times, Super Bowl, NFL, University of Missouri, Culinary Union, Democratic, Voters, Trump Locations: Siena, Pennsylvania, Washington, Minnesota, Nevada

☆ Draghi urges radical European Union reform requiring extra 800 billion euros a year
▼ + stars: | 2024-09-09 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

Massimo Di Vita | Mondadori Portfolio | Getty ImagesThe European Union needs up to 800 billion euros ($884 billion) in additional investment per year to meet its key competitiveness and climate targets, according to a report from economist and politician Mario Draghi. The bloc's goals of bolstering its geopolitical relevance, social equality and decarbonization are being threatened by weak economic growth and productivity compared with the U.S. and China, the report states. The EU is meanwhile suffering an "innovation deficit" which must be tackled through reforms to research and development funding and policy, the report states. To fast-track policymaking, the report proposes limiting the voting items that require support from an absolute majority of member states. Funding questionPublic and private investments are being hindered by the size of the EU budget, its lack of focus and its risk aversion, the Draghi report says.

Persons: Mario Draghi, Massimo Di Vita, Draghi —, —, NextGenerationEU Organizations: Italian, European Union, U.S, European Central Bank, European, European Securities and Markets Authority, U.S . Securities, Exchange Commission, SEC Locations: Rome, Italy, China, EU, Europe, Germany

☆ Women will soon be notified about their breast density after a mammogram. Here’s what that means
▼ + stars: | 2024-09-09 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +11 min

“The second reason that breast density is important is because having dense breast tissue raises a woman’s level of risk of developing breast cancer,” Feigin said. Breast cancer survivor JoAnn Pushkin, 64, has advocated for more than a decade that there be a national requirement for women to be notified of their breast density. Now I have lymphedema, and all because it was detected at that later stage,” said Pushkin, who has testified before the FDA about breast density and co-created the website DenseBreast-info.org, which features resources on breast density. The new FDA changes require facilities to provide patients with information about their breast density and include specific language in the mammogram result letter to explain how breast density can influence the accuracy of a mammogram. A study published in 2022 found that the breast cancer death rate dropped by 43% within three decades, from 1989 to 2020, translating to 460,000 fewer breast cancer deaths during that time.

Persons: Kimberly Feigin, ” Feigin, JoAnn Pushkin, Pushkin, she’d, “, ” Pushkin, ‘, Pushkin’s mammogram, ”, wasn’t, Wendie Berg, Berg, ” Berg, it’s, Molly Guthrie, Susan G, Komen, ” Guthrie, we’ve, Dr, Sanjay Gupta Organizations: CNN, US Food, Breast Imaging Service, Assurance, Memorial Sloan Kettering Cancer Center, District of Columbia, FDA, University of Pittsburgh School of Medicine, Magee, Womens Hospital of UPMC, American Cancer Society, CNN Health Locations: United States

Robert F. Kennedy Jr., left, waves to the crowd as former President Donald Trump speaks at a campaign rally in Glendale, Arizona on August 23. Ross D. Franklin/APFormer President Donald Trump addressed supporters at a rally in Glendale, Arizona, Friday, where he was joined by Robert F. Kennedy Jr., who suspended his own presidential campaign just hours earlier. However, Harris did mention the border and criticized Trump’s role in tanking a bipartisan border bill earlier this year. RFK Jr. could be appointed to a health panel: When suspending his presidential campaign, Kennedy suggested that he could join a potential second Trump administration in a role that would oversee a health care portfolio. Alejandra Jaramillo and Michelle Watson contributed to this post.

Persons: Robert F, Kennedy Jr, Donald Trump, Ross D, Trump, Harris, Kamala Harris, Trump’s, John F, Kennedy, ” Kennedy, that’s, CNN’s Aaron Pellish, Kate Sullivan, Kristen Holmes, Alejandra Jaramillo, Michelle Watson Organizations: Franklin, Democratic National Convention, RFK Jr Locations: Glendale , Arizona, tanking, Glendale

Harris called for ending taxes on tips while rolling out a series of populist economic proposals last week, echoing a policy Trump already supported. The vice president pointed to Trump’s opposition to a bipartisan border security and immigration bill, which turned Republicans against the measure. Vice President Kamala Harris gestures as she steps from Air Force Two upon arriving at Joint Base Andrews, Maryland, on August 23, 2024. As the sitting vice president, Harris’s response to an economic calamity or foreign crisis would be closely scrutinized. The spokesperson also said there have been more than 1,000 sign-ups for Students for Harris chapters across the country since the launch of Harris’ campaign.

Persons: Kamala Harris, Donald Trump, Joe Biden, Harris, eyeing, Trump, Robert F, Kennedy Jr, who’s, ” Kennedy, Biden, showdowns, I’m, Hawaii Democratic Sen, Brian Schatz, “, ” Harris, ”, she’s, ‘ We’re, ’ She’s, Ohio Sen, JD Vance, Kamala, mispronounced Harris ’, Harris ’, fumed, he’s, ” Trump, La Capra, Julia Nikhinson, let’s, familiarizing, —, Kevin Lamarque, Tulsi Gabbard, Gabbard, Jen O’Malley Dillon, Austin Steele, Quentin Fulks, Tim Walz, Joshua Martin, Rebecca Wright, Pinar Yildirim, Deja Foxx, “ Young, Brian Kemp, Kemp, Vance, Trump’s, ” Vance, Sean Hannity, “ We’re, ” Kemp, “ Kamala Harris, Wisconsin . Ohio Sen, Marco Bello, Walz, ” CNN’s Ted Barrett, Kate Sullivan, Kristen Holmes, Ali Main, Aaron Pellish, Alejandra Jaramillo, Priscilla Alvarez Organizations: CNN, Democratic National Convention, Trump, Democratic, ABC, Hawaii Democratic, Republican, Biden, Social Security, Air Force, Joint Base Andrews, Reuters, Union, Hawaii Rep, United Center, MSNBC, United, Minnesota Gov, Convention, University of Pennsylvania, Facebook, Harris, Georgia Gov, Georgia Republican, Party, GOP, Fox News Locations: Arizona, Trump, Glendale, Hawaii, Chicago, Ohio, Georgia, Nevada, Las Vegas, Mexican, North Carolina , Nevada , Arizona, Wisconsin , Michigan, Pennsylvania, Joint Base Andrews , Maryland, California, Chicago , Illinois, Washington, Asheboro, United States, Wisconsin . Ohio, Kenosha, Kenosha , Wisconsin

WASHINGTON — The Harris campaign has tapped Yohannes Abraham for a top role in the presidential transition team, according to a source familiar with the planning. Covington and Burling LLP, the law firm where former U.S. Attorney General Eric Holder works, will help the transition team get set up. Abraham's appointment comes as the General Services Administration prepares to engage the Harris and Trump campaigns in the presidential transition process. Federal law related to presidential transitions stipulates Sept. 1 as the deadline for GSA to enter into formal agreements with presidential transition teams. Several former Trump administration staffers are part of the groups behind Project 2025, but McMahon and Lutnick haven’t been connected to the effort.

Persons: WASHINGTON, Harris, Yohannes Abraham, Abraham, Kamala Harris, Donald Trump, Covington, Burling, Eric Holder, Holder, Biden, Rod Lamkey, Trump, Linda McMahon, Howard Lutnick, Cantor Fitzgerald, McMahon, Lutnick Organizations: Association of Southeast Asian Nations, ASEAN, U.S, Burling LLP, State Department, National Security Council, General Services Administration, Trump, GSA, Foreign Relations, Reuters, Washington , D.C, Small Business Administration, Trump White House, Democrats Locations: U.S, Indonesia, Jakarta, Asia, Dirksen, Washington ,, USA

Multiple Secret Service officials have been put on leave for their actions leading up to and responding to the assassination attempt on former President Donald Trump at his July 13 rally in Butler, Pennsylvania, a source familiar with the decisions told NBC News. Those put on leave include the Secret Service’s special agent in charge of the Pittsburgh field office, whose office was responsible for coordinating the security plan with local law enforcement leading up to the rally. The source familiar with the decisions did not confirm the exact number of officials on leave and said the number may continue to grow as an internal investigation into the assassination attempt continues. RealClearPolitics was first to report that Secret Service personnel had been placed on leave. He is head of the FBI’s field office in Pittsburgh, not the Secret Service’s.

Persons: Donald Trump, RealClearPolitics, Anthony Guglielmi, Guglielmi, Kevin Rojek Organizations: Service, NBC News, Secret Service Locations: Butler , Pennsylvania, Pittsburgh

☆ At the DNC, Harris and Democrats took back the American flag
▼ + stars: | 2024-08-23 | by ( Alice Tecotzky | Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Though Republicans have branded themselves as the party of capital-P patriotism since the Nixon years, Democrats sought to reclaim American pride this week. A striking number of this year's speakers focused on military might and distinctly American values, from Harris herself to Iraq war veterans. This story is available exclusively to Business Insider subscribers. For the past decade, Loge said that Democrats have been "shy" or "embarrassed" about embracing classic American patriotism, but that Harris and Walz are attempting to reframe the association with the flag. "Democrats serve too," Kauffman told Business Insider.

Persons: —, Donald Trump, Kamala Harris, Nixon, Harris, MAGA, Peter Loge, Obama, Loge, Trump, Peter Kauffman, Hillary Clinton, Tim Walz, Wes Moore, Trump's, Ronald Reagan, it's, Moore, I'm, Ruben Gallego, you'll, Gallego, Leon Panetta, Osama bin Laden, George Lt, Gov, Geoff Duncan, Walz, they're, Kauffman Organizations: Service, United Center, Republicans, Business, Democratic, School of Media, Public Affairs, George Washington University, America, Navy, Gov, US Army National Guard, National Guard, Maryland Gov, Senate, Army, Republican, DNC Locations: Iraq, America, Ruben Gallego of Arizona

☆ Secret Service employees put on administrative duties following Trump assassination attempt
▼ + stars: | 2024-08-23 | by ( Whitney Wild | Holmes Lybrand | ) edition.cnn.com time to read: +2 min

CNN —Multiple Secret Service personnel from the Pittsburgh Field Office and one member of Donald Trump’s security detail involved in the advance planning for Trump’s July 13 rally have been reassigned to administrative duties and ordered to work from home, a source familiar with the matter tells CNN. The Secret Service has been under immense pressure from lawmakers to discipline or fire those involved in the preparation for the rally. “This was a Secret Service failure,” Rowe told reporters during a news conference earlier this month – a clear shift in tone from when the agency previously pointed blame on locals for their failure to keep eyes on would-be Trump assassin Thomas Crooks that day. “That roof should have been covered.”“The U.S. Secret Service is committed to investigating the decisions and actions of personnel related to the event in Butler, Pennsylvania and the attempted assassination of former President Donald Trump. “The U.S. Secret Service holds our personnel to the highest professional standards, and any identified and substantiated violations of policy will be investigated by the Office of Professional Responsibility for potential disciplinary action.

Persons: Donald Trump’s, Ronald Rowe, ” Rowe, Thomas Crooks, Donald Trump, ” Anthony Guglielmi, “, CNN’s Zachary Cohen Organizations: CNN, Pittsburgh Field Office, Trump’s, Department of Homeland Security, Trump, The, Communications, U.S, Secret, Secret Service Locations: Butler , Pennsylvania

☆ ‘The time has come’: The Fed just sent a crucial message about its next move
▼ + stars: | 2024-08-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

And so does the broader US economy: Economic growth this year has been solid and the Atlanta Fed is projecting that growth hasn’t slipped. “The labor market is cooling, but it’s not getting soft. A slowing job market is also playing a role in nudging the Fed to ease borrowing costs. Translation: The recent weakness in the job market could result in American shoppers curbing their spending more than expected. A big question mark is the future of America’s job market, which is a key driver of the US economy.

Persons: Washington CNN —, “, Jerome Powell, ”, “ Powell, Seema Shah, hasn’t, ” Tom Porcelli, it’s, Powell, cooldown, ” Powell, aren’t, they’re, —, “ There’s, Elizabeth Renter Organizations: Washington CNN, Federal, Fed, Markets, Asset Management, Atlanta Fed, Treasury, CNN, Walmart, America’s Locations: Jackson Hole , Wyoming, nudging

☆ The Federal Reserve Must Be Independent. Here’s Why. - The New York Times
▼ + stars: | 2024-08-13 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

On Saturday, Kamala Harris was asked to respond to Donald Trump’s suggestion that the president should have a say in the Federal Reserve’s interest rate decisions. But why should the Fed be independent? The Federal Reserve’s legal status is complicated, but there’s no fundamental constitutional principle saying that elected officials must keep their hands off the money supply. Historically, central banks like the Fed have often been treated like ordinary government agencies, and not only under autocratic regimes. Why take this particular piece of policy out of the hands of elected officials?

Persons: Kamala Harris, Donald Trump’s, “, Trump, Biden Organizations: Fed, Wall Street, Trump, Bank of England, Britain’s Treasury Department Locations: Harris

☆ ICE Training Barely Covers De-Escalation, Promotes Agents Use of Force
▼ + stars: | 2024-08-12 | by ( Lila Hassan | ) www.businessinsider.com time to read: +15 min

But the Llanez family never learned whether Gonzalez had followed ICE training protocols, because the way ICE agents are trained has been largely hidden from the public. For years, civil-rights groups have sought to obtain, with limited success, complete ICE training documents to understand how that training affects use of force by agents in the field. And they also appear to place an emphasis on teaching ICE agents how to justify the use of force. Among the most important lessons ICE agents receive is when and how to use deadly force. One of the questions asks which steps an officer must take before initiating deadly force; the answer is "None, deadly force can be initiated immediately."

Persons: Ronaldo Gonzalez, Gonzalez, Fernando Llanez, Llanez, Jorge Hernandez, weren't, Hernandez, Miguel Alvarez, Ivón Padilla, " Alvarez, FLETC, Gonzalez didn't, Alvarez, isn't, John Bostain, Jim Trainum, Phillip Causey, Gabino Ramos Hernandez, Ramos, Causey, we're, Timothy Cerniglia, Cerniglia, You'll, we'll, Trainum, Christian Rodriguez Organizations: Type Investigations, Immigration, Business, ICE, Court, Southern, Southern District of, Investigations, of Homeland Security, University of Illinois Chicago, Federal, Training Centers, Department of Homeland Security, Federal Law, Department of Justice, Citizens, DHS, Metropolitan Police Department, Mississippi Bureau of Investigation Locations: Chula Vista , California, Chula Vista, Southern District, Southern District of California, Charleston , South Carolina, Glynco, Georgia, Washington ,, Laurel , Mississippi, Southern District of Mississippi, Mississippi

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