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☆ I went inside the secret room where pilots sleep on long-haul flights. It was the best seat on the plane.
▼ + stars: | 2024-09-24 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

Pilots take shifts on long-haul flights. I toured the secret room stationed above business class on an Air New Zealand Boeing 777-300ER. Go to newsletter preferences Thanks for signing up! That's why pilots take shifts on long-haul flights. When pilots aren't in the cockpit, they're resting in secret rooms on board the aircraft.

Persons: they're, — Organizations: Air New Zealand Boeing, Service, Zealand Locations: Auckland , New Zealand, Los Angeles

☆ A leaked MrBeast handbook reveals the YouTube titan's 'secret weapons' for success. Former employees say it wasn't always followed.
▼ + stars: | 2024-09-24 | by ( Dan Whateley | Amanda Perelli | ) www.businessinsider.com time to read: +7 min

The goal of the document, Donaldson wrote, was to help teach newer staffers the tricks of YouTube that he and his earliest employees mastered through lots of trial and error. Interest in MrBeast's business secrets isn't surprising. "This is not Hollywood and I do not want to be Hollywood," Donaldson wrote. "Every dollar we save allows me to give you guys more stability and hire more people to make your life easier," Donaldson wrote. But, when dealing with people outside MrBeast's company, "never take a No at face value," he wrote.

Persons: —, Jimmy Donaldson, Donaldson, He's, MrBeast, , I've, couldn't, we've, wasn't Organizations: Service, Business, YouTube, Netflix, Hulu, Employees Locations: Silicon Valley, Greenville , North Carolina, Hollywood

☆ How stocks can roar by 10% into year-end, Citi US equity-trading head says
▼ + stars: | 2024-09-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The stock market could jump as much as 10% by the year-end, Citi's stock-trading strategy head said. He said the economy only needs to avoid a recession, which will ultimately depend on the labor market. And that is now a plausible scenario," the firm's head of US equity-trading strategy told Bloomberg TV on Tuesday. If this is achieved, stocks can surge another 5% to 10% by the end of this year, Kaiser said. But though the Fed emphasized that it was not forecasting a looming downturn during its latest policy meeting, it all hinges on incoming labor market data, he noted.

Persons: Stuart Kaiser, —, Citi's Stuart Kaiser, Kaiser, Morgan Stanley Organizations: Bloomberg, Service, Federal Reserve

☆ 10 things to watch in the stock market Tuesday, including long-awaited China stimulus
▼ + stars: | 2024-09-24 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

China related stocks were on the move Tuesday after the People's Bank of China said it will cut interest rates. What the Jefferies downgrade misses is the market is giving Starbucks a pass as Niccol builds his team and makes changes. Truist downgraded Club holding Costco to a hold rating ahead of earnings, which are out after Thursday's close. The analysts still have a hold-equivalent rating on Club holding Home Depot but boosted their price target to $400 per share. China related stocks were on the move Tuesday after the People's Bank of China said it will cut interest rates.

Persons: Brian Niccol, Chipotle, Jefferies, Truist, Salesforce, Piper Sandler, Oppenheimer, Regeneron, Eli Lilly, Pinterest, —, Jeff Marks, Jim Cramer's, Jim Cramer, Jim Organizations: People's Bank of, Starbucks, Jefferies, Costco, Walmart, Analysts, Barclays, Constellation Brands, Oppenheimer, Justice Department, Visa, Bloomberg, Jim Cramer's Charitable, CNBC Locations: China, People's Bank of China, Japan

☆ China Is Striking Deals to Cement Its Role as Asia’s Trade Hub
▼ + stars: | 2024-09-24 | by ( Keith Bradsher | More About Keith Bradsher | ) www.nytimes.com time to read: +1 min

Each of the efforts, in varying ways, faces obstacles. The nation’s top leader, Xi Jinping, will need close cooperation from border countries, some of which are politically volatile, like Kyrgyzstan, or internationally isolated, like North Korea. Neighboring countries that have long been wary of China, like Vietnam, will need to be reassured. But others have warned of Chinese domination of the Laotian economy. The new initiatives would also be expensive, and China has begun emphasizing smaller Belt and Road projects elsewhere.

Persons: Xi Jinping, ”, Ja Ian Chong Organizations: National University of Singapore Locations: Kyrgyzstan, North Korea, China, Vietnam, Laos, Southeast Asia, Russia, Ukraine

☆ I tried to retire twice, once at 40 and again at 62. But I like working with people too much.
▼ + stars: | 2024-09-24 | by ( Gary Nunn | ) www.businessinsider.com time to read: +5 min

Twice in my life, I've attempted to retire, and both times, I've been tempted back into full-time work. Both my husband and I had done very well in our jobs, so I was fortunate enough to be able to retire early. By the age of 40, I'd worked my way to the top as a financial planner. AdvertisementDuring my second attempt at retirement, I realized how much I loved working with clientsThen, I really lost my mojo for work. While this adventure was exhilarating, I ultimately realized I missed being at home near loved ones and, most of all, working with clients.

Persons: —, Chris Childs, I've, I'd, We'd, wasn't, I'm, David, He'd Organizations: Service, Business, mojo Locations: Australia, Italy, France, England

☆ Visa is being sued for illegal monopoly that adds to the price of ‘nearly everything’
▼ + stars: | 2024-09-24 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +3 min

New York CNN —The US Justice Department filed a lawsuit Tuesday accusing Visa of illegally monopolizing the debit card market. The antitrust suit is one of several major actions taken by the Justice Department recently. It also comes just three years after the Justice Department sued to block Visa from merging with financial technology startup Plaid. According to the new complaint against Visa, which was filed in federal court in New York, more than 60% of debit transactions in the country take place on Visa’s debit network. Visa, in turn, is able to charge more than $7 billion in processing fees on those transactions, the department says.

Persons: General Merrick Garland, “, ” Organizations: New, New York CNN, US Justice Department, Visa, CNN, Justice Department, Google, Plaid, ” Merchants, Mastercard, National Retail Foundation Locations: New York

☆ Images show Russia’s new Sarmat missile suffered major test failure, researchers say
▼ + stars: | 2024-09-24 | by ( ) edition.cnn.com time to read: +4 min

Reuters —Russia appears to have suffered a “catastrophic failure” in a test of its Sarmat missile, a key weapon in the modernization of its nuclear arsenal, according to arms experts who have analyzed satellite images of the launch site. It’s a big hole in the ground,” said Pavel Podvig, an analyst based in Geneva, who runs the Russian Nuclear Forces project. A September 21 satellite image shows a closer view of the launch site after the apparent launch failure. Maxar TechnologiesIISS analyst Wright said a test failure did not necessarily mean that the Sarmat program was in jeopardy. “However, this is the fourth successive test failure of Sarmat which at the very least will push back its already delayed introduction into service even further and at most might raise questions about the program’s viability,” he said.

Persons: Maxar, ”, Pavel Podvig, Timothy Wright, James Acton, Vladimir Putin, Satan, Putin, Sergei Shoigu, Wright, Moscow –, Nikolai Sokov Organizations: Reuters, Plesetsk, Russian Nuclear Forces, International Institute for Strategic Studies, Carnegie Endowment, International Peace, Technologies, SS, Design, Moscow Institute of Thermal Technology Locations: Russia, United States, Europe, Geneva, London, Ukraine, Moscow, Plesetsk, Arkhangelsk, Russian, Soviet

AdvertisementHow to buy the Roku Ultra (2024)The Roku Ultra is now available to buy from Amazon, Best Buy, and the Roku Store for $99. The 2024 Roku Ultra has a new processor and an improved remoteThe new Roku Voice Remote Pro has backlit keys and a USB-C charging port. RokuSince 2019, Roku has released a couple of refreshed versions of the Roku Ultra, but each iteration's underlying hardware has remained largely the same. Outside the new chip, the 2024 Roku Ultra looks similar in design to its predecessor, with a rounded set-top box. RokuWhile I can't recommend the 2024 Roku Ultra until my hands-on evaluation is complete, the new model looks promising on paper.

Persons: Roku, it's Organizations: Business, Amazon, Dolby Vision, Quick, Google, Apple, Roku Ultras

☆ As interest rates drop, ultra-rich investors are giving up their cash for risk assets. Here's what they're buying.
▼ + stars: | 2024-09-24 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Citi Private Bank's latest Global Family Office survey showed that family offices had already been moving into risk assets well before the central bank began cutting. Citi Private Bank's latest Global Family Office survey. Related storiesSo far, the move toward equities has translated into a rush for big tech's AI, which remains a favorite among family offices. AdvertisementWhen it comes to real estate, family offices often prefer private investments. AdvertisementFixed incomeThe number one goal for any family office is the preservation of capital.

Persons: —, Richard Weintraub, Bank's, haven't, Weintraub, REITs Organizations: Service, Citi, Bank's, Business, Treasury Locations: American

☆ When I moved to Bali 10 years ago it was poised to be a new Silicon Valley. Now, it's overcrowded and touristy.
▼ + stars: | 2024-09-24 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a transcribed conversation with Christin Baumgarten, 39, about living in Bali with her husband and two kids. I moved to Bali from Berlin in April 2014. I moved to Bali when it was becoming known as an emerging startup hubI initially just planned to stay in Bali for the length of the three-month internship. Related storiesI was lonely at first, but now I have a husband and 2 kids hereInitially, I found Bali a bit lonely. Another is that following the Ukraine war, lots of people from Russia and Ukraine have moved to Bali.

Persons: —, Christin Baumgarten, I'd, I've, we've, I'm Organizations: Service, Business, Tourism Locations: Bali, Berlin, Silicon Valley, Indonesian, Sumatra, Germany, Bali ., Ukraine, Russia, Renon

☆ US Navy replenishment ship sustains damage while operating in Middle East, official says
▼ + stars: | 2024-09-24 | by ( Oren Liebermann | ) edition.cnn.com time to read: +1 min

CNN —A US Navy replenishment ship sustained damage while operating in the Middle East in an incident that remains under investigation, according to a Navy official. The USNS Big Horn was damaged after the ship refueled and replenished Navy vessels operating in the region, including the USS Abraham Lincoln aircraft carrier and several guided-missile destroyers. The Navy official would not say where the incident occurred or what type of damage the replenishment oiler sustained. The USS Abraham Lincoln carrier strike group has been operating in and around the Gulf of Oman in an effort to send a message of deterrence to Iran. All crew members on board the ship are safe, and US 5th Fleet, which controls Navy operations in the Middle East, is assessing the situation, the official added.

Persons: Big Horn, Abraham Lincoln, ” Organizations: CNN, Navy, Big, Fleet Locations: Gulf of Oman, Iran

☆ What happened in Lebanon and why is Israel attacking Hezbollah?
▼ + stars: | 2024-09-24 | by ( Helen Regan | ) edition.cnn.com time to read: +10 min

On Monday, Israel intensified its air campaign on Hezbollah, launching “extensive strikes” targeting the Iran-backed militant group in Lebanon. It is unclear how many of the casualties were civilians or Hezbollah militants, but many of the locations described by Israel as Hezbollah targets are also residential neighborhoods and villages. The nearly 500 killed on Monday alone is roughly half the number of Lebanese killed throughout the entire 34-day war between Israel and Hezbollah in 2006. Why is Israel attacking Lebanon? The US believes that neither Israel nor Hezbollah are interested in a full-scale war, but a major concern is that Iran, a key backer of Hezbollah, will get involved, US officials told CNN.

Persons: CNN — Israel, Benjamin Netanyahu, Israel, Isarel, Daniel Hagari, Mahmoud Zayyat, Amos, Stringer, Mohamed Hamayda, Firass Abiad, ” Hagari, Netanyahu, Fadel Itani, ”, Halevi, Leon Panetta Organizations: CNN, Hezbollah, Getty, Ramat, United Nations General Assembly, Reuters, Agence France, Presse, Lebanon’s, Hamas, UN Security Council, Former US Defense, CIA, UN, Assembly, State Department Locations: Lebanon, Israel, Iran, Lebanon’s, Syria, Lebanese, Sidon, AFP, Tyre, Beirut, Meggido, Afula, Deir, Gaza, Palestinian, Tehran, Yemen, Iraq, Beirut's, ”, Qatar, France, New York, United States

☆ China just released aggressive measures to boost its economy — but some analysts say it's still not enough
▼ + stars: | 2024-09-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

"Today's policy measures are bold by historical standards," Betty Wang, the lead economist at Oxford Economics, wrote in a note on Tuesday. Stimulus measures don't address consumptionDespite the fanfare, analysts are divided over whether the moves that ease monetary policy constitute a massive "bazooka" stimulus. AdvertisementMost say the monetary easing policies don't address the lack of confidence contributing to depressed consumer spending. China has pulled out multiple support measures this year to shore up its economy and stock markets, but any kneejerk optimism has been shortlived. Advertisement"Overall, we feel today's measures are a step in the right direction, especially as multiple measures have been announced together rather than spacing out individual piecemeal measures to a more limited effect," Lynn Song, the Greater China chief economist at ING bank, wrote on Tuesday.

Persons: —, Pan Gongsheng, Pan, Betty Wang, Wang, it's, Nomura, Lynn Song Organizations: Service, People's Bank of China, Business, Analysts, Oxford Economics, CSI, Nomura, ING Locations: Beijing, China, Greater China

☆ Sam Altman used to be 'super anti-Burning Man.' Now he's a fan and sees it as how the world could look after AGI
▼ + stars: | 2024-09-24 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

OpenAI CEO Sam Altman used to be "super anti-Burning Man." Altman said on the podcast he's been to Burning Man five or six times. "Everyone so happy, so engaged, so present that I was like, 'OK, I was wrong to be so negative on Burning Man.'" A photo of Burning Man attendees on the playa of Black Rock City. "This is one possible, like, part of what the post-AGI world can look like," Altman said on the podcast.

Persons: Sam Altman, Altman, he's, Aly Weisman Altman, we'll, everyone's, — Organizations: Service, Business, bros, Black Rock City . Business Locations: Nevada's, Black Rock

☆ GOP congressman gave jobs to his lover and to his fiancée’s daughter, New York Times says
▼ + stars: | 2024-09-24 | by ( Gregory Krieg | ) edition.cnn.com time to read: +4 min

CNN —New York Rep. Anthony D’Esposito, one of the GOP’s most endangered House incumbents, reportedly gave both his lover and his fiancée’s daughter part-time jobs in his district office on Long Island, a potential violation of House ethics rules. D’Esposito is locked in a tight rematch with Democrat Laura Gillen, whom he defeated by fewer than 10,000 votes two years ago. D’Esposito maintained he will “absolutely” continue his race for reelection “and win.”Both his fiancée and lover, in brief conversations with the New York Times, confirmed the reporting. GOP Rep. Marc Molinaro said he has spoken to D’Esposito but declined to comment further. When CNN asked D’Esposito’s fellow Long Islander, GOP Rep. Nick LaLota, about the report, he said he was on the phone.

Persons: Anthony D’Esposito, D’Esposito, Laura Gillen, “, ”, CNN’s Manu Raju, Gillen, George Santos, Santos, Mike Johnson, Johnson, …, he’s, ” Johnson, Tom Emmer, Marc Molinaro, ” Molinaro, D’Esposito’s, Nick LaLota, Donald Trump, CNN’s Haley Talbot, Annie Grayer, Sam Fossum, Manu Raju Organizations: CNN, New York Rep, The New York Times, New York’s, ”, New York Times, New York Police Department, Nassau County Republican, Congressional, Santos ’, GOP, Capitol, Yorkers, Nassau Coliseum, Long, Republicans, New, . New York Republicans Locations: Long, Shore, Capitol, Hempstead, Nassau County, Santos’s district, New York City, .

☆ Russia says it's the bigger person for not cutting Europe's natural gas supply — but that's not all there is to it
▼ + stars: | 2024-09-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

But Moscow doesn't appear ready to acknowledge that it's not in a financial position to cut Europe off from its natural gas exports completely. Russia's oil and gas revenues hit 8.82 trillion rubles, or $94.6 billion, in 2023. That's 24% lower than the 11.6 trillion rubles it recorded in 2022, when revenues jumped due to oil price volatility. In 2021, Russia's oil and gas sales revenue stood at 9 trillion rubles. To be sure, other geopolitical factors could also be playing into Russia's decision to keep natural gas exports moving into Europe.

Persons: —, it's, Sergey Lavrov, Lavrov, It's, There's, Naftogaz Organizations: Service, Sky News Arabia, Russian, Business, West, P, Oxford Institute for Energy Studies, Bloomberg Locations: Moscow, Russia, Europe, United States, Ukraine, Nord, Ukraine's

☆ CLSA: "Abe reboot" likely to pick up most votes in Japan's ruling party leadership race
▼ + stars: | 2024-09-24 | 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 EmailCLSA: "Abe reboot" likely to pick up most votes in Japan's ruling party leadership raceNicholas Smith of CLSA expects Sanae Takaichi, who he describes as a "reboot" of former Japanese prime minister Shinzo Abe, to increase fiscal spending that will provide a long-term boost to the economy.

Persons: Abe, Nicholas Smith, CLSA, Sanae Takaichi, Shinzo Abe Locations: Japan's

☆ A new US missile system that showed up in the Pacific this year keeps making China more and more unhappy
▼ + stars: | 2024-09-24 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

The US military deployed its Mid-Range Capability, or Typhon, missile system to the Philippines in April, and US military officials have expressed interest in deploying it in Japan. The MRC is a versatile new ground-based missile system that is capable of firing the Standard Missile 6 (SM-6) and Tomahawk Land Attack Missile System. The US military deployed the missile system overseas for the first time in April, putting it in the Philippines amid a joint exercise between the two militaries. AdvertisementWhile the new weapon wasn't fired during the exercise, its presence in the region irked China, which demanded the system be removed. Russia is said to have violated the Cold War-era arms-control pact by developing and fielding the SSC-8/9M729 missile system.

Persons: —, wasn't, Zachary Anderson, Enrique Manalo, Wang Yi, Manalo, Lin Jian, Army Christine Warmouth, Lin, Robert S, Price, Trump, Vladimir Putin's Organizations: Service, Business, MRC, Missile, US Army, US Army Pacific, US Navy, Zachary Anderson Philippine Foreign, Association of Southeast, Nations, Defense, Army, ., Navy, US, Nuclear Forces Treaty, NATO Locations: China, Beijing, Philippines, Japan, Zachary Anderson Philippine, Laos, Pacific, Russia, Moscow, Europe, Ukraine

The simplest credit card debt management option I've learned is the balance transfer card. He used a business credit card to buy the t-shirts, totes, inks, transparencies, cleaners, and other tools he needed to fulfill orders. Balance Transfer Credit CardsThe best balance transfer credit cards can help you take control of your debt. A balance transfer credit card will make paying off the debt easierThat's where the balance transfer card came in. Credit card companies often offer an interest-free introductory period when you transfer your balance from another credit card company onto their card.

Persons: —, I've, He's, Wells, it's Organizations: Service, Chase, Citi

☆ Rafael Nadal added to Spain’s Davis Cup team after injury issues
▼ + stars: | 2024-09-24 | by ( Ben Church | ) edition.cnn.com time to read: +7 min

CNN —Rafael Nadal has been named in Spain’s Davis Cup team for the Final Eight matches in November, organizers announced Monday. Matthew Stockman/Getty Images Europe/Getty Images 2007 — In 2007, the then 20-year-old Nadal's status as the 'King of Clay' was sealed. At that year's French Open, Nadal opted for the reverse of 2006's top-bandana combo -- this time with matching trainers to boot. Julian Finney/Getty Images Europe/Getty Images 2009 — Nadal's first dramatic transformation came in 2009. Matthew Stockman/Getty Images Europe/Getty Images 2010 — In 2010, Nadal bounced back from the 2009 disappointment with a daring multicolored number.

Persons: CNN — Rafael Nadal, Carlos Alcaraz, Roberto Bautista Agut, Pablo Carreño Busta, Marcel Granollers, Nadal, –, Novak Djokovic, Alcaraz, ”, Rafael Nadal, Roland Garros, CHRISTOPHE SIMON, — Nadal, Roger Federer, Michael Steele, Matthew Stockman, Clay, Federer, Mike Hewitt, Bjorn Borg's, Julian Finney, Nadal's, Robin Soderling, Soderling, Swede, THOMAS COEX, Borg, David Ferrer, Nadal grinded, Djokovic, Pete Sampras, Clive Brunskill, Dan Istitene, Dennis Grombkowski, Benoit Paire, Rafael Nadal's Roland Garros, “, ” Nadal, Alexander Zverev, I’ve Organizations: CNN, Spain’s Davis, Olympics, Wimbledon, Davis, AFP, Getty, Federer, Djokovic, Nadal, US, Davis Cup Locations: Spain’s, AFP, Europe, Hamburg, Spain, Netherlands

☆ OPEC is highly bullish on long-term oil demand growth. Not everyone agrees
▼ + stars: | 2024-09-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Low global demand forecasts, coupled with new oil supply coming from non-OPEC countries, spell a long period of subdued crude prices. Has demand growth hit its apex, and is it just downhill from here? The oil producer group's 2024 World Oil Outlook report, released Tuesday, predicts strong energy demand growth of 24% globally between now and 2050. It also forecasts "robust medium-term growth" in oil demand reaching 112.3 million barrels per day in 2029, an increase of 10.1 million barrels per day compared to 2023. The IEA still sees global oil demand rising; it just forecasts a smaller rise, and expects it to peak by the end of the decade.

Persons: It's Organizations: Brent, International Energy Agency, The, IEA Locations: Saudi, Ras Tanura, Saudi Arabia, OPEC, The Paris

Piper Sandler upgraded shares of Salesforce to overweight, with its new price target implying upside of more than 20%. Helfstein placed a $45 price target on shares, implying about 48% upside from Monday's close. Along with the downgrade, Low reduced the firm's oil price target to $75 from $80 a barrel. — Samantha Subin 6:02 a.m.: Jefferies downgrades Starbucks to underperform Jefferies is bracing for more troubles ahead for shares of Starbucks . SBUX mountain 2024-06-28 SBUX in Q3 — Samantha Subin 5:45 a.m.: Piper Sandler upgrades Salesforce Piper Sandler is turning more bullish on shares of Salesforce .

Persons: Piper Sandler, Lowe's, Oppenheimer, Jason Helfstein, Pinterest, Helfstein, — Samantha Subin, Jefferies, Keith Devas, Samantha Subin, Peter Low, underperform Jefferies, Andy Barish, Barish, they've, Salesforce Piper Sandler, Brent Bracelin, Bracelin, Brian Nagel, Nagel, it's, Fred Imbert Organizations: CNBC, Oppenheimer, Amazon, Google, Kenvue, Atlantic, Exxon Mobil, BP, Starbucks, U.S, Federal Reserve Locations: China, Salesforce, Monday's

“We are the closest we’ve been to spiraling to a regional war” since Hamas’ October 7 attack, one of the officials said. The US assesses that neither Israel nor Hezbollah are interested in a full-scale war, officials said. On Monday, Nasser Kanaani, a spokesman for Iran’s foreign ministry, warned of “dangerous consequences” following Israel’s strikes. Israel has told the US that a full-scale war is not the intent of its strikes, according to an Israeli official. The goal is a diplomatic solution through escalation, the Israeli official said.

Persons: “, Israel, Nasser Kanaani, “ They’ve, Joe Biden’s, ” “, Daniel Hagari, Hagari, ” Hagari, Hassan Nasrallah, Ismail Haniyeh, Masoud Pezeshkian, “ Ismail Haniyeh, ” Pezeshkian, “ Israel Organizations: CNN, Ramat David, State Department, UN, Assembly, Pentagon, General Assembly, Hamas, Israel Defense Forces, Hezbollah Locations: Israel, Lebanon, East, Beirut, Ramat, Haifa, Iran, Tehran, New York, “, Gaza

☆ Trump's mass deportation plans could wreak havoc on the fight against inflation
▼ + stars: | 2024-09-24 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +6 min

But think-tank economists warned Business Insider that former President Donald Trump's proposed mass deportation could open that door right back up. Beyond posing significant humanitarian concerns, economists worry Trump's proposed mass deportation would be hugely inflationary, partly due to the basic calculations of supply and demand. Both he and Edelberg said a sudden mass deportation would upend the labor supply and, in turn, the ability to make goods. McKibbin has researched the impact of mass deportation and said it would lead to a combination of lower production and higher costs, particularly in the agriculture and construction sectors. Add on the uncertainty that mass deportation would bring, and a chilling effect among investors seems plausible.

Persons: —, Donald Trump's, Kamala Harris, Trump, Harris, Trump's, Wendy Edelberg, Warwick McKibbin, Edelberg, Adam Posen, Posen, McKibbin, Josh Bivens Organizations: Service, Federal Reserve, Trump, Business, Brookings Institution, Peterson Institute for International Economics, Peterson Institute, Bloomberg TV, Economic Policy Institute, Democratic

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