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☆ Video: Tropicana Field roof blown off by Hurricane Milton’s winds
▼ + stars: | 2024-10-10 | by ( Austin Mabeus | ) edition.cnn.com time to read: 1 min

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☆ The chemtrail conspiracy theory has its moment in the sun amid hurricanes Milton and Helene
▼ + stars: | 2024-10-10 | by ( Donie O'Sullivan | ) edition.cnn.com time to read: +7 min

As myths about Milton and Helene spread, interest in chemtrails increased too on Google search and social media. Despite the lack of evidence to support it, the so-called chemtrail conspiracy theory has endured for decades. Some of the promotion of the conspiracy theory has taken on a distinctively antisemitic tone. Peters previously promoted the unhinged conspiracy theory that ballots were flown from Asia as part of a plot to steal the 2020 election from President Trump. Friedrich suggested the conspiracy theories blaming weather manipulation for the devastation caused by Hurricanes Helene and Milton is a way to distract from the real effects of climate change.

Persons: Milton, Donald Trump, Helene, ” Trump, Robert F, Kennedy Jr, ” Daniel Swain, ”, Harris, Hurricanes Helene, Alex Jones, “, ” Jones, Stew Peters, X, Hurricane Milton, ” Peters, Peters, Trump, Marjorie Taylor Greene, Rothschild, Greene, Katja Friedrich, Friedrich, Joshua Horton Organizations: CNN, Hurricanes, Trump, Google, Harvard University, University of California, Biden, Pentagon, NOAA, Republican, University of Colorado Locations: Tennessee, University of California Los Angeles, Hurricane, United States, Asia, Arizona, California, University of Colorado Boulder

☆ Jim Cramer looks at a buy level for this industrial AI play, says be patient on Costco
▼ + stars: | 2024-10-10 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. With third-quarter earnings starting in earnest Friday, Jim Cramer urged investors to keep their "eye on the prize." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Eaton, he's, he'd, Hurricane Helene, Stocks, Jim Cramer's, DOV Organizations: CNBC, Wells, JPMorgan, Honeywell, Costco, Delta Air Lines, Nike, Pfizer, DD Locations: Dupont, Dover, U.S

☆ Delta reports a profit despite service meltdown
▼ + stars: | 2024-10-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

That was partly offset from a $50 million fuel savings due to the grounded flights. Delta said it earned adjusted income of $971 million in the quarter, down 26% from a year earlier, on adjusted revenue of $14.6 billion in the quarter, essentially unchanged from a year ago, despite the hit to revenue from the service meltdown. But that was offset by a 3% increase in miles flown by passengers, as passengers soon returned to travel on Delta despite the service problems. And it reported a 9% drop in average fuel prices paid, the second largest cost at the airline behind labor costs. “I think you’re going to see it across consumer discretionary purchases as a whole,” “People want to find out what happens.

Persons: Hurricane Helene, ”, Bastian, ” Bastian Organizations: New, New York CNN — Delta Air Lines, CNBC Locations: New York, Hurricane, Delta

☆ Tampa Electric CEO on power outages caused by Hurricane Milton
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTampa Electric CEO on power outages caused by Hurricane MiltonArchie Collins, Tampa Electric CEO, joins 'Squawk on the Street' to discuss how Collins will address the number of customers without power, how long it'll take to restore things to normalcy, and much more.

Persons: Milton Archie Collins, Collins Organizations: Tampa Electric

☆ How did FEMA spend $9 billion so quickly? Back-to-back disasters
▼ + stars: | 2024-10-10 | by ( Ella Nilsen | ) edition.cnn.com time to read: +6 min

This rapid spend rate is a reflection of just how many earlier disasters the agency is dealing with in addition to Milton and Helene. Here’s what to know:How did FEMA spend $9 billion so quickly? That gave FEMA about $20 billion worth of funding to tap into as it responded to Helene and Milton. “In August, we had paused obligations for recovery projects for all of those other open disasters,” Criswell told reporters. Last year, the US had a record 23 disasters costing at least $1 billion by September – with 28 such disasters in the calendar year, the most ever recorded.

Persons: Helene, Milton –, Deanne Criswell, Milton, Criswell, Dominick Del Vecchio, “, ” Criswell, Hurricane Helene, Adam Smith, Hurricane Beryl, Greenlee Beal, NOAA’s Smith, isn’t, It’s, Smith, ” Smith, ” CNN’s Lauren Fox Organizations: Washington CNN, Federal Emergency Management Agency, FEMA, Disaster Relief Fund, Rescue, Task Force, Nevada Task Force, Reuters, Hurricane, NOAA, CNN, “ Locations: Milton, Nevada, Maui, Lahaina , Hawaii, Texas , California, New Mexico, Hurricane Milton, ”, California, Texas, New England, Dallas, Galveston , Texas, United States

CNN —Hurricane Milton slammed into Florida’s Gulf Coast on Wednesday night, making landfall as a powerful Category 3 storm. The intense hurricane spawned tornadoes, dumped rain across much of the state, left millions without power and claimed at least 12 lives, including five people in St. Lucie County. Milton is the third hurricane to hit Florida this year — which has only happened during five other hurricane seasons since 1871. Many areas in Florida are also recovering from the aftermath of a Milton-spurred torrent “supercharged” tornadoes, according to National Hurricane Center Director Michael Brennan. Milton was the fifth hurricane to make landfall in the United States this year, joining Category 1 Beryl, Category 1 Debby, Category 2 Francine and Category 4 Helene.

Persons: Hurricane Milton, Lucie County, Helene, Deanne Criswell, Michael Brennan, “ We’ve, Lucie Mayor Shannon Martin, CNN’s Jim Acosta, “, I’ve, Hurricane Irma, Milton, Beryl, Debby, Francine Organizations: CNN, Hurricane, NASA, Climate, FEMA, National Hurricane Center, National Weather Services Locations: Coast, St, Lucie, Siesta, Milton, Florida, Gulf, Mexico, St . Petersburg, Hillsborough, Lucie County, Port St, Tampa Bay , Melbourne, Miami, Hurricane, Hardee, Highlands, Tampa, Petersburg, Sarasota, United States

☆ Mother details terrifying moment her house flooded during Hurricane Milton
▼ + stars: | 2024-10-10 | by ( Sarah Jorgensen | ) edition.cnn.com time to read: 1 min

☆ Video shows an enormous sinkhole left behind by Hurricane Milton
▼ + stars: | 2024-10-10 | by ( Isabel Rosales | ) edition.cnn.com time to read: 1 min

☆ Florida Gov. Ron DeSantis on hurricane relief: We leverage whatever resources are available to us
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFlorida Gov. Ron DeSantis on hurricane relief: We leverage whatever resources are available to usFlorida Governor Ron DeSantis joins 'Squawk Box' to discuss the impact of Hurricane Milton, state of recovery efforts, his thoughts on the federal response, and more.

Persons: Ron DeSantis, Florida Governor Ron DeSantis Organizations: Florida, Florida Governor Locations: Hurricane Milton

☆ CNBC Daily Open: Don't ignore the risks as a dovish Fed drives markets
▼ + stars: | 2024-10-10 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Valerie Plesch | Picture Alliance | 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. Sentiment in markets, it seems, was buoyed by encouraging comments from the Fed. The Fed, in other words, is keeping a close eye on the economy and wants to make sure it maintains its smooth landing. It's as if Stephen Sondheim's musical "Into the woods to get the money," markets are merrily singing.

Persons: Valerie Plesch, Gregory Daco, Goldman Sachs, Stephen Suttmeier, Philip Jefferson reemphasized, we're, Mike Bailey, Stephen Sondheim's, Jeff Cox, Samantha Subin, Sarah Min Organizations: Federal Reserve, Getty, CNBC, Brent, Bank of America, Dow Jones Industrial, Nasdaq, Apple, Micro Computer, Fed, FBB Capital Partners Locations: USA, Washington, Florida, U.S, Israel

☆ Walmart U.S. CEO on hurricane relief efforts: Next 24 hours will be a period of assessment
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart U.S. CEO on hurricane relief efforts: Next 24 hours will be a period of assessmentWalmart U.S. President and CEO John Furner joins 'Squawk Box' to discuss the company's hurricane relief efforts, details of Walmart's command center operations, and more.

Persons: John Furner Organizations: Walmart

☆ Key quartz mine restarts production after Hurricane Helene & aids local recovery, says Sibelco CEO
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKey quartz mine restarts production after Hurricane Helene & aids local recovery, says Sibelco CEOHilmar Rode, Sibelco CEO, joins CNBC's 'The Exchange' to discuss how Sibelco has restarted operations in North Carolina after Hurricane Helene, how the facility was affected by the storm, and how the company is helping longterm local recovery efforts.

Persons: Hurricane Helene, Hilmar Rode, Sibelco Organizations: Hurricane Locations: North Carolina, Hurricane

☆ Hurricane Milton slams Florida
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHurricane Milton slams FloridaNBC News' Marissa Parra reports on the latest news from Hurricane Milton.

Persons: Marissa Parra Organizations: Hurricane Milton, Florida NBC Locations: Florida, Hurricane Milton

☆ Hurricanes are becoming more frequent, violent, and costly — plus they're hitting jobs and economic growth
▼ + stars: | 2024-10-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Hurricane Milton is battering Florida days after Hurricane Helene wreaked havoc on several states. The two events are the latest sign that hurricanes are becoming more frequent, more ferocious, and more costly. They're also hitting employment and economic growth, at least in the short term. They estimated that a Category 5 storm could lower fourth-quarter annualized GDP growth by 0.14 percentage points, from a forecasted 2.3% to below 2.2%. "Rebuilding should provide a boost to economic activity in those affected regions in subsequent months, and potentially years," Sweet told BI, quoting from his recent note.

Persons: Milton, Hurricane Helene, Helene, They're, Adam Smith, Jefferies, Harvey, Ian, Smith, Michael Mann, Ryan Sweet, Sweet, Mann, Implan Organizations: Service, Hurricanes, National Oceanic, Atmospheric Administration, NOAA, University of Pennsylvania, Oxford Economics, Boeing, Milton, Potsdam Institute, Climate Impact Research Locations: Florida, North Carolina, Milton

“To date, GSA has entered into an MOU with the Harris transition team outlining the terms for space and services, and is prepared to provide services to the Trump transition team once an MOU is executed and services are accepted,” a GSA spokesperson said. The Harris team has also submitted its ethics plan; the Trump team has not. The federal transition coordinator, a White House spokesperson told CNN, is “actively working” with the former president’s transition team to complete its MOU. Inside Biden administration preparationsThe Biden administration began preparing for this transition in 2023, starting with the appointment of a federal transition coordinator, a senior career official who serves as the main liaison between the candidates and eventual president-elect. “We were waiting for the phone calls [from the Trump team], waiting for people to show up, and they never did.

Persons: Donald Trump’s, Max Stier, “, ”, Trump, Chris Lu, Barack Obama’s, Harris, Biden, Linda McMahon, Cantor Fitzgerald, Howard Lutnick, Joe Biden, Yohannes Abraham, ” Stier, Stier, Chris Christie, Christie, Mike Pence, Obama, Jason Miller, Aimee Whiteman, Valerie Boyd, Bush, John McCain, Lu, George W, Al Gore’s, Harris ’, Boyd, Trump’s, –, you’re Organizations: CNN, Public Service, White, Office of Management, Budget, General Services Administration, Republican, Democratic, ’, Trump, Small Business Administration, Association of Southeast Asian Nations, GSA, ”, House, New, New Jersey Gov, Biden, Activity, OMB, Center, Partnership for Public Service, Senate Locations: Indonesia, New Jersey, Florida

☆ Costco saw 'abnormal' shopping behavior due to Hurricane Helene and the US port strike
▼ + stars: | 2024-10-10 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Costco shoppers stocked up on supplies in anticipation of the US port strike and Hurricane Helene. The quick resolution to the port strike will likely minimize the disruption to the flow of imports. AdvertisementShoppers turned to Costco to prepare ahead of hurricanes and the US port strike. In a quirk of Costco bookkeeping, the final week of the retailing month of September actually ended on October 6. AdvertisementThe stoppage was relatively short-lived, and those preparations could minimize disruption for Costco as the ports work through any remaining backlogs.

Persons: Costco, —, Hurricane Helene, Helene, Milton, we've, Ron Vachris, We've Organizations: Costco, Service, Shoppers Locations: U.S

☆ Millions in Florida without power as Hurricane Milton slams the state
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMillions in Florida without power as Hurricane Milton slams the stateNBC News' Stephanie Gosk joins 'Squawk on the Street' to report on Hurricane Milton's damage and recovery efforts in Florida.

Persons: Milton, Stephanie Gosk Organizations: NBC Locations: Florida

☆ 6 organizations providing relief efforts for Hurricane Milton
▼ + stars: | 2024-10-10 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

Hurricane Milton made landfall late on Florida's West Coast Wednesday night as a Category 3 hurricane. Though downgraded from earlier forecasts, the storm still produced multiple tornadoes and caused major flooding throughout the Florida Peninsula. Local and federal governments urged residents to evacuate, but not everyone had the resources or ability to escape the storm's path. Residents in some affected areas are still recovering from Hurricane Helene, which left at least 220 people dead earlier this month. As recovery efforts get underway, these organizations are providing assistance to those affected by the storm.

Persons: Milton, Hurricane Helene, Helene Organizations: Florida's West Coast, Local, Sunshine State Locations: Florida, Hurricane, Asheville , North Carolina

☆ I bought a home in Florida for $540,000 and Hurricane Milton is tearing through our neighborhood. We don't have flood insurance, and I know I'm not sleeping tonight.
▼ + stars: | 2024-10-10 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

As Hurricane Milton tears through their neighborhood, she's now hunkering down in her new home. Schwartz said she could not sleep with the strong wind and trees falling over on her street. I don't know if something's slammed into the door or the side of the house. I'm shocked that we haven't because many friends and family members say they don't have power. AdvertisementAnd I know I'm not sleeping tonight.

Persons: Natalie Schwartz, Milton, Schwartz, —, I've, something's, Helene Organizations: Service, Hurricane Locations: Wesley Chapel , Florida, she's, Tampa's, Hurricane Milton

☆ Millions without power in Florida after Hurricane Milton churns across the state
▼ + stars: | 2024-10-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

A vehicule is stranded on a water-flooded street after Hurricane Milton made landfall in Brandon, Florida on October 9, 2024. Millions of people in Florida were without power Thursday after Hurricane Milton spawned tornados, flooding, powerful winds and left multiple people dead. Milton made landfall Wednesday evening as a Category 3 storm near Siesta Key on Florida's west coast south of Tampa Bay. The storm churned east-northeastward toward Cape Canaveral with maximum sustained winds of 85 miles per hour and is moving off the coast of Florida into the Atlantic, according to the National Hurricane Center. More than 3 million people were left without power in Florida, according to PowerOutage.us.

Persons: Hurricane Milton, Milton Organizations: Hurricane, Hurricane Milton, tornados, National Hurricane Center . Locations: Brandon , Florida, Florida, Tampa Bay, Cape Canaveral

☆ Tropicana Field was set to be a refuge for storm personnel. Then Hurricane Milton blew most of the roof off
▼ + stars: | 2024-10-10 | by ( Holly Yan | ) edition.cnn.com time to read: +2 min

A refuge for first responders and cleanup crews weary after long days rescuing storm victims or clearing wreckage left by Hurricane Milton. But Milton showed no mercy during its deadly rampage across Florida, shredding the roof of Tropicana Field – a Major League Baseball stadium turned makeshift shelter for storm personnel. Drone footage above Tropicana Field in St. Petersburg shows the dome's shredded roof and cots for first responders. “And you could see it just had no chance against those winds of Hurricane Milton.”Hurricane Milton ripped off much of the roof of Tropicana Field, home of the Tampa Bay Rays. Ron DeSantis said Tropicana Field would be used as a 10,000-person base camp for debris cleanup operations and first responders.

Persons: Hurricane Milton, Milton, Max Chesnes, Jonathan Petramala, ” Petramala, ” Hurricane Milton, Chris Urso, Ron DeSantis, CNN’s Kathleen Magramo, Colin Jeffery, Jacob Lev Organizations: CNN, Hurricane, Major League Baseball, Tampa Bay Rays, Tampa Bay Times, Field, AP, Florida Gov, Rays, MLB Locations: Florida, St . Petersburg, “, Hurricane Milton, ” Hurricane

☆ Hurricane season is set to scramble Americans' view of the economy before the election
▼ + stars: | 2024-10-10 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +7 min

Additional disruptions from Hurricane Milton complicate the data collection for October's jobs report. To stimulate hiring, the Federal Reserve began cutting interest rates in September, and the jobs report will strongly inform its path forward. "I wouldn't expect these events to materially change how Americans view the economy before the election," DeAntonio said. For example, it noted in its release last week Hurricane Francine, which hit Louisiana in early September, "had no discernible effect" on the employment data it collected. Any effects from the hurricanes could lead to an October jobs report that shows a more pessimistic view of the economy than underlying conditions would suggest.

Persons: Helene, Milton, —, Hurricane, Hurricane Helene, Hurricane Milton, Dante DeAntonio, Kamala Harris, Joe Biden, Daniel Zhao, DeAntonio, Francine, Guy Berger Organizations: Service, Hurricanes, Southern, Labor Department, Federal Reserve, University of Michigan's, Department, Labor, of Labor, Labor Statistics, Boeing, Bureau of Labor Statistics, Employees, Glass Institute Locations: Florida, North Carolina, Hurricane, Louisiana

☆ Oil prices rise on Israel-Iran conflict fears and U.S. storm
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: +1 min

Oil prices rose in early Asian trade on Thursday on concerns about potential supply disruptions in the Middle East, with Israel planning to strike oil-producer Iran, and on spikes in fuel demand as a major storm barreled into Florida. The world's largest oil producer and consumer has been hit by a second major storm, Hurricane Milton, which made landfall on Florida's west coast, spawning tornadoes and threatening surges of seawater. The storm has already driven up demand for gasoline in the state, with about a quarter of fuel stations selling out of supplies, which has helped support crude prices. Further underpinning prices, investors remained wary of a potential escalation in tensions between Israel and Iran, with Israeli Defense Minister Yoav Gallant promising an Israeli strike against Iran would be "lethal, precise and surprising". Even with threats to the oil-producing Middle Eastern region top of mind, weak demand continues to underpin the fundamental outlook.

Persons: Iran, Hurricane Milton, Yoav Gallant, Joe Biden, Benjamin Netanyahu, Israel's Organizations: Brent, U.S . West Texas, Israeli, U.S . Energy, Administration, Reuters, American Petroleum Institute Locations: Israel, Florida, U.S, Hurricane, Florida's, Iran, China, North America

☆ Catastrophe bond investors unlikely to be dealt massive losses as Florida dodges Milton's worst-case scenario
▼ + stars: | 2024-10-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Hurricane Milton's impact on Florida won't cause major losses for catastrophe bond investors, portfolio managers say. Insurance companies still face significant losses, but cat bond investors aren't eyeing the worst-case scenario. AdvertisementThe impact of Hurricane Milton on Florida is unlikely to trigger massive losses for catastrophe bond investors. The losses for cat bond investors, therefore, might only be in the low-single digits. This will drive an increase in risk premiums, leading to higher return expectations for cat bond investors moving forward," Steiger said.

Persons: aren't, —, Helene, Milton, Chin Liu, Tanja Wrosch, That's, Florian Steiger, Steiger Organizations: Insurance, Service, Investors, Twelve, Bloomberg, Icosa, Progressive, Allstate, Chubb Limited, Swiss Locations: Florida, Hurricane Milton, Tampa, Milton

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