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☆ Milwaukee’s Black voters expose cracks in Democratic foundation for Harris
▼ + stars: | 2024-10-11 | by ( John King | ) edition.cnn.com time to read: +8 min

“How do you feel about Kamala Harris?” Johnson asks when a woman answers the door and steps out onto the porch. … She’s making a good image for herself and for the Democrats.”A year ago, Lang was blunt about Biden’s struggles in Milwaukee’s Black neighborhoods. “If I were a gambling man, I would probably put my money on Harris,” Jones told us in an interview at Confectionately Yours, a new Black-owned coffee shop and bakery on Milwaukee’s Martin Luther King Jr. Drive. Milwaukee-based entrepreneur Eric Jones describes the change in "energy" and voter enthusiasm since Vice President Kamala Harris became the Democratic presidential nominee. Harris’ work as San Francisco district attorney and California attorney general might help woo suburban voters but, at a minimum, raises questions here.

Persons: Wisconsin CNN — Devonta Johnson, Kamala Harris, ” Johnson, “, ”, Johnson, Harris, Joe Biden, –, Angela Lang, Lang, ” Lang, Biden, Trump, Kamala, rollin ’, that’s, canvassers, ’, Brian McMutuary, Jacqueline Kalil, CNN Brian McMutuary, ” McMutuary, Russia’s Vladimir Putin, Xi Jinping, “ Nope, ” Eric Jones, ” Jones, Martin Luther King Jr, Eric Jones, ‘, ’ ’ ’ Jones Organizations: Wisconsin CNN, Trump, Black, Democratic, BLOC, Communities, CNN, “, Young, San, Democratic Party Locations: Milwaukee, Wisconsin, Milwaukee’s Black, Menomonee Falls, . Milwaukee, San Francisco, California, “

☆ Dollar hovers near two-month peak as Fed easing bets ebb before inflation data
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar traded near a two-month peak against major peers on Thursday as markets grew more confident about a patient approach from the Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day. The U.S. dollar traded near a two-month peak against major peers on Thursday as markets grew more confident about a patient approach from the Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day. The euro languished near its lowest since Aug. 13, while against the yen, the dollar hovered close to its strongest level since Aug. 15. The dollar index was little changed at 102.86 as of 0024 GMT, sticking close to Wednesday's high of 102.93. The greenback eased 0.18% to 149.035 yen , but was not far from the overnight peak of 146.365.

Persons: Kyle Rodda, —, Rodda, Mary Daly Organizations: U.S ., Federal Reserve, Reuters, U.S, CPI, Francisco Fed, Traders, New Locations: U.S

☆ The science of how Hurricane Milton became such a monster
▼ + stars: | 2024-10-09 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. | ) www.nbcnews.com time to read: +8 min

The Summary Hurricane Milton intensified at one of the fastest rates in recorded history. At nearly every turn, Hurricane Milton has offered surprises. Milton is the strongest Gulf of Mexico hurricane since Hurricane Rita in 2005. However, Lin said, “that doesn’t make it any less dangerous.”Even with slower winds, Milton is expected to remain a major hurricane until landfall Wednesday night. “That would tie 2024 with 2005 and 2020 for 2nd most Gulf hurricane landfalls on record, trailing only 1886,” meteorologist Philip Klotzbach wrote on X.

Persons: Hurricane Milton, Milton, Campeche —, Chris Slocum, ” Slocum, ”, John Morales, Karthik Balaguru, Jonathan Lin, Milton “, Rita, Slocum, ” Lin, Milton “ wobbled, Lin, Hurricane Irma, Hurricane Helene —, —, Helene, Philip Klotzbach Organizations: Hurricane, Hurricanes, National Oceanic, Atmospheric Administration’s, NBC South, Climate Central, Pacific Northwest National Laboratory, Cornell University, National Hurricane Center, Tampa Bay, Atlantic Locations: Gulf, Mexico, Hurricane, Tampa Bay, Africa’s, Caribbean, Gulf of Mexico, Florida, Campeche, NBC South Florida, Milton, Tampa, Florida’s

☆ Hurricane Helene was wetter and windier due to climate change, report finds
▼ + stars: | 2024-10-09 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. | ) www.nbcnews.com time to read: +5 min

The high sea surface temperatures that helped both storms intensify were 200 to 500 times more likely because of climate change, the report found. As Hurricane Milton barrels toward Florida’s west coast, a new report estimates how much more intense Hurricane Helene’s winds and rain were because of climate change. The sea surface temperatures that propelled Helene and Milton were 200 to 500 times more likely because of climate change, the report found. They found that coastal rainfall totals that high were 40% more likely because of climate change and that inland totals that high were 70% more likely because of climate change. Damaged structures in downtown Chimney Rock, N.C., after the passage of Hurricane Helene on Oct. 2.

Persons: Milton, Friederike Otto, Hurricane, Hurricane Milton, Helene, ”, Bernadette Woods Placky, Hurricane Helene, Allison Joyce, Otto Organizations: Imperial College London, Florida NOAA, Climate, Weather, Getty Locations: Hurricane, Gulf, Mexico, Florida, Bend, Florida’s, North Carolina, Tennessee, Appalachia, Chimney, N.C, Milton

“Yes, we have the resources that we need, both for the Helene response and for Hurricane Milton,” Keith Turi, FEMA’s acting associate administrator, said this week. Staffing at the federal disaster response agency has drawn criticism in recent years from the Government Accountability Office, a federal watchdog. In that same report, the GAO found that as of July 2022, FEMA was involved in responding to 500 open disasters. NBC News reported last week that FEMA put out a call for volunteers for a “surge force” in mid-September, citing a “severe shortfall” in some of its disaster response teams. In an interview, FEMA Administrator Deanne Criswell said the numbers cited fail to take into account other full-time staff members who are deployed as needed.

Persons: —, Milton’s, Helene, Hurricane Milton, ” Keith Turi, FEMA’s, “, Milton, Craig Fugate, ” Christopher P, Currie, ”, ” Currie, Deanne Criswell Organizations: Federal Emergency Management Agency, Hurricane, White, FEMA, NBC, Office, Homeland Security, Justice, GAO, NBC News Locations: Florida, ”

☆ Jürgen Klopp to become Red Bull’s global head of soccer in first job since leaving Liverpool
▼ + stars: | 2024-10-09 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Jürgen Klopp was announced as the global head of soccer for the Red Bull group on Wednesday in what will be his first job since leaving Premier League giant Liverpool earlier this year. “By joining Red Bull at a global level, I want to develop, improve and support the incredible football talent that we have at our disposal. Before managing Liverpool, Klopp won the German league title twice with Borussia Dortmund. “We are very proud of this outstanding and certainly the strongest signing in Red Bull’s soccer history,” Oliver Mintzlaff, CEO of corporate projects and investments at Red Bull, said in a statement. In his role as Head of Soccer, he will be a game changer for our involvement in international soccer and its continued development.

Persons: Jürgen Klopp, Klopp, ” Klopp, Red Bull, Klopp won’t, ”, “, Julian Nagelsmann, ” Oliver Mintzlaff Organizations: CNN, Red Bull, Premier League, Liverpool, RB Leipzig, RB Salzburg, New York Red Bulls, “, Bull, Champions League, FA, FIFA Club, UEFA Super League, Europa League, Sky Sports, Red, German, Bayern Munich, Borussia Dortmund, Soccer Locations: Germany, Austria, New, Liverpool, “

☆ I spent $1.25 million on a 'hurricane-proof' home in Milton's path. I'm not evacuating.
▼ + stars: | 2024-10-09 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

In 2022, William Fulford spent $1.25 million on a Florida home he believes is "hurricane-proof." Years ago, my sister moved down to Anna Maria Island. We drove past Hunters Point and my wife said, "I think you sent me a picture of that place once." AdvertisementAn aerial view of Hunters Point in Cortez, Florida. As of Wednesday night, Hurricane Milton is on track to make landfall close to Hunters Point.

Persons: William Fulford, homebuilder, —, Fulford, Anna Maria Island, I'm, It's, Marshall Gobuty, we've, Helene didn't, Helene, Anna Maria, They're, we're, I'd, Hurricane Milton Organizations: Service, Walmart, Mercedes, Pearl Homes, Business, Flood, FEMA Locations: Florida, Fulford, Cortez , Florida, downtown Tampa, Virginia Beach , Virginia, Chesapeake Bay, Milton, Bradenton that's, Sarasota, Virginia Beach, Hurricane

☆ Biden sets a 10-year deadline for U.S. cities to replace lead pipes and make drinking water safer
▼ + stars: | 2024-10-08 | by ( Associated Press | ) www.nbcnews.com time to read: +6 min

The announcement highlights an issue — safe drinking water — that Kamala Harris has prioritized as vice president and during her presidential campaign. Biden and Harris believe it’s “a moral imperative” to ensure that everyone has access to clean drinking water, EPA Administrator Michael Regan told reporters Monday. “We know that over 9 million legacy lead pipes continue to deliver water to homes across our country. Lead pipes can corrode and contaminate drinking water; removing them sharply reduces the chance of a crisis. The infrastructure law approved in 2021 provided $15 billion to help cities replace their lead pipes, but the total cost will be several times higher.

Persons: Joe Biden, Biden, Kamala Harris, Donald Trump’s, Harris, it’s, Michael Regan, “, Nakeyja Cade bathes, Linda Davidson, Regan, ”, Erik Olson Organizations: Environmental Protection Agency, Washington, Getty, D.C, Natural Resources Defense Council, Water Works Association Locations: Flint , Michigan, Wisconsin, Flint, Mich, Chicago, Cleveland , New York, Detroit, Milwaukee, Newark , New Jersey, Benton Harbor , Michigan, Washington

☆ Tracking Hurricane Milton’s Storm Surge Risk Across Florida
▼ + stars: | 2024-10-08 | by ( William B. Davis | Judson Jones | ) www.nytimes.com time to read: +4 min

Tracking Hurricane Milton’s Storm Surge Risk Across FloridaAs Hurricane Milton approaches landfall in Florida this week, the National Hurricane Center is releasing a series of data sets to help warn the public of the risks. Storm surge is one of the deadliest aspects of a strong hurricane as it approaches land. Depending on exactly where Milton makes landfall, storm surge will broadly fluctuate. The Florida Keys are forecast to experience strong winds and storm surge mostly below six feet. Wherever Milton makes landfall, storm surge will come ashore, especially just ahead and south of the storm’s center, similar again to what occurred during Ian.

Persons: Milton, Hurricane Helene, Milton ., Hurricane Ian, Robert Weisberg, —, Weisberg, Ian, ” Organizations: Hurricane, National Hurricane, University of South Locations: Florida, Milton, Tampa, Fort Myers, Naples, Tampa Bay ., Tampa Bay, University of South Florida, Clearwater

☆ Stock futures are little changed after major averages post winning session Live updates
▼ + stars: | 2024-10-08 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

U.S. stock futures hovered near the flatline Tuesday night following a winning session for the major averages. Dow Jones Industrial Average futures rose 11 points, or 0.03%. S&P 500 futures and Nasdaq 100 futures dipped 0.01% and 0.01%, respectively. Wall Street is coming off a strong session for the major averages as tech stocks outperformed, and oil prices eased off their highs. The S&P 500 rose nearly 1%, while the Nasdaq Composite rallied about 1.5%.

Persons: Dow, Keith Lerner, Lerner, Wells Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Nvidia, Broadcom, Truist, U.S, Treasury, Fed, JPMorgan Chase Locations: what's, Wells Fargo

☆ Tampa Bay Buccaneers heading to New Orleans early to avoid Hurricane Milton
▼ + stars: | 2024-10-08 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +1 min

CNN —The Tampa Bay Buccaneers are departing for their Week 6 matchup early in order to avoid the expected landfall of Hurricane Milton in Tampa, Florida. Milton has reached speeds of 175 mph and was classed as a Category 5 hurricane on Monday, but has dipped back into Category 4 status. It is the strongest hurricane to occur anywhere on the planet this year and one of the 10 strongest (tied for ninth) hurricanes ever recorded in the Atlantic. The hurricane is expected to fluctuate in intensity before ultimately making landfall on Wednesday as a Category 3 storm. “Milton is still a relatively compact hurricane, but the wind field is expected to continue to grow in size as it approaches Florida.

Persons: Milton, Hurricane Helene, “ Milton, ” Organizations: CNN, Tampa Bay Buccaneers, Buccaneers, New Orleans Saints, NFC, Bucs, NFC South, Atlanta Falcons, Super Bowl, Kansas City Chiefs, National Hurricane Center, “ Locations: Hurricane Milton, Tampa , Florida, Tampa, New Orleans, Florida, Milton

☆ Kamala Harris wants voters to know she owns a Glock. Talking about guns on the campaign trail is no accident, experts say.
▼ + stars: | 2024-10-08 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Kamala Harris just told voters what kind of gun she owns. AdvertisementVice President Kamala Harris wants voters to know she's a responsible Glock owner. Although she owns a gun, Harris has been a proponent of safer firearms usage and stricter gun ownership laws. AdvertisementBut gun talk could help move the needle for Harris, especially with undecided voters, Doidge said. Other experts said that leaning into being a gun owner may be a savvy move from Harris' campaign, especially for swing-state voters.

Persons: Kamala Harris, Harris, —, Bill Whitaker, I've, Whitaker, Glock, Oprah Winfrey, Joe Biden, Tim Walz, Trump, Kristin Doidge, Doidge, Georgia Kernell, Jonathan Aronson, Aronson, Guns, Elon Musk, Harris didn't Organizations: Service, Glock, CBS, Pew Research Center, White, NYPD, Loyola Marymount University, UCLA, USC, Trump, Republican National Committee, Business Locations: Austrian, United States, Minnesota, South Carolina, New York, California, Georgia, Trump

☆ The 9 Elements of a Trump Rally
▼ + stars: | 2024-10-08 | by ( Ian Prasad Philbrick | Ashley Wu | ) www.nytimes.com time to read: +89 min

We have some voters, they’re for us, but they’ve never voted and they’re going to want to vote. There’s something wrong with Kamala and I just don’t know what it is, but there is definitely something missing. They’re going to get him in Florida.” It was always… That seemed to be the documents case. That’s great. They’re great.

Persons: there’s, I’m, It’s, Joe Biden, Kamala Harris, “, Trump, we’re, would’ve, Tim Walz, Biden, I’d, Rasmussen, We’re, David, they’re, they’ve, They’ll, You’re, “ You’ll, haven’t, she’s, everyone, David McCormick, Bob Casey, David’s, everybody’s, ”, we’d, Kamala, Oprah, doesn’t, I’ve, we’ve, Joe, Rachel Morin, who’s, that’s, Kamala let, … She’s, can’t, it’s, he’s, He’s, Wall, must’ve, ’ Kamala, Lyin, She’s, Donald Trump, “ I’m, Barack Hussein Obama, …, Obama, Hunter, Uncle Sam, Crooked Joe Biden, document’s, Sam, bah, what’s, David Muir, “ We’re, They’re, won’t, Mike Kelly, Kelly, Mike, Lyin ’ Kamala Harris, El Salvador, you’ve, he’ll, “ You’re, Donald, don’t, Don’t, Crazy Nancy Pelosi, Nancy Pelosi, Billy Graham, Franklin, “ Gee, Lyin ’ Kamala, Elon, Tesla, you’re, God, Sean O’Brien, I’ll, That’s, “ Donald Trump, Alphonse Capone, Alphonse, “ They’re, they’ll, Let’s, should’ve, Emerson, ” David, Dave McCormick, Dave, He’ll, Nick Langworthy, Nick, JD Longo, JD, we’ll, Corey, “ I’ve, Butler, Nobody, Tom, didn’t, Cory, Trumper, There’s, We’ve, “ Kamala, Go, San Francisco Kamala, Ronald Reagan couldn’t, Shawn Fain, It’ll, anybody’s, We’ll, Crooked Joe Organizations: Trump Republicans, Alabama, NFL, United, Democrat, Commonwealth, CPA, Border Patrol, Covid, ISIS, Space Force, Visa, Justice Department, National Guard, Green, Deal, Teamsters, of Police, New York Times, …, Nassau Coliseum, Slippery Rock, ICE, California, we’ll, Trump Reciprocal Trade, teamsters, US Steel, of Education, Black Colleges, Universities, Trump, Washington DC, America Locations: Pennsylvania, Commonwealth, Florida , Georgia, Alabama , Tennessee, Western North Carolina, Delaware, San Francisco, Erie , Pennsylvania, Alabama, Georgia, Wisconsin, United Nations, Iran, Erie County, Mexico, Tijuana, America, South America, Congo, Africa, United States, Asia, Yemen, California, Hollywood, Let’s, North Carolina, Russia, McDonald’s, New York, Ohio, Michigan, . Pennsylvania, Charleroi, Charleroi , Pennsylvania, … Charleroi, Harris, El, West Virginia, ”, China, Iowa, Philadelphia, Detroit, Atlanta, Florida, United States of America, Pennsylvania , Arizona , Wisconsin, Arizona, Slippery, Butler, That’s, San, Saudi Arabia, Japan, Ukraine, Washington

☆ Stock market volatility ahead of presidential elections typically starts picking up right now
▼ + stars: | 2024-10-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Market volatility will likely increase from here as the race for the White House enters its final weeks, according to Wolfe Research. Technical strategist Rob Ginsberg tracked the average move of the CBOE Volatility Index (VIX) during a presidential election year. With momentum rolling over and several sectors seeing healthy pullbacks of late ... we feel the S & P is overdue for another 3 – 4% correction." To be sure, any troubles in the market into Election Day would mark a turn after an unusually strong year. Notably, Bespoke Investment Group found the S & P 500 notched its largest gain over the first nine months of a year since 1997.

Persons: Brace, Rob Ginsberg, bode, Ginsberg, What's Organizations: White, Wolfe Research, Traders, Nasdaq, Dow Jones, Investment, Carson Group Locations: Israel

☆ Oil pares gains after strongest weekly rise in over a year
▼ + stars: | 2024-10-07 | by ( ) www.cnbc.com time to read: +2 min

Oil prices pared gains in early trade on Monday after charting their biggest weekly rise in over a year on Friday amid mounting threats of a region-wide war in the Middle East. "However, the oil market will likely continue to face upside pressure due to fears of Israel's retaliation response to Iran. Despite the rally in oil prices last week, the impact of this conflict on oil supply will be relatively small, said ANZ Research in a Monday client note. "We see a direct attack on Iran's oil facilities as the least likely response among Israel's options. "Moreover, we have seen a diminished impact of geopolitical events on oil supply.

Persons: Brent, Tina Teng Organizations: Brent, . West Texas, ANZ Research, OPEC Locations: Iran, Israel, Lebanon, Gaza, Haifa, Russia, Kazakhstan, OPEC

☆ 28 stocks to buy for up to 162% earnings growth as markets surge another 10%: Goldman Sachs
▼ + stars: | 2024-10-07 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

US stocks are clicking on all cylinders, which led Goldman Sachs to lift its S&P 500 target again. Here are 25 companies set for outstanding earnings growth in 2025. The financial titan originally set its 2024 S&P 500 target at 4,700, then lifted it a month later to 5,100. That would translate to $241 worth of S&P 500 earnings, before an 11% jump in 2025 to $268 and an additional 7% leap in 2026 to $288. This month, the firm shared a coveted list of companies with the strongest expected earnings growth in 2025.

Persons: Goldman Sachs, —, David Kostin, Kostin Organizations: Service, Wall, Apple, Meta, Microsoft, Nvidia, Communication

☆ As Apple enters AI race, iPhone maker turns to its army of developers for an edge
▼ + stars: | 2024-10-04 | by ( Kif Leswing | ) www.nbcnews.com time to read: +7 min

As Apple prepares Apple Intelligence to jump into Silicon Valley’s AI race, it’s relying on one of its strongest advantages: Its army of 34 million app developers. IPhone users will get their first taste of Apple Intelligence, the company’s artificial intelligence system, later this month. The company is relying on Apple Intelligence to be the strongest selling point for the iPhone 16, its latest generation of smartphones. That’s something other company’s AI chatbots cannot currently do, and to accomplish this, Apple is beckoning its army of third-party developers to fine tune their apps to collaborate with Apple Intelligence. Another drawback is that Apple Intelligence features will only be available on the latest iPhones, a small subset of the total iPhone user base.

Persons: Google’s, Siri, Apple, “ Siri, ”, Apple’s Kelsey Peterson, Siri conversationally, Jordan Morgan, Apple’s, Morgan, Michael Tigas, ” Tigas, Siri aren’t, Hey Siri, James, they’ve, Igor Zhadanov Organizations: Apple, Apple Intelligence, Superhuman, CNBC Locations: Siri, Readdle

A scorching streak in Phoenix has set new daily records for 10 straight days during an October heat wave sweeping much of the West. The forecast calls for this streak of broken records to potentially reach up to 16 days in a row. The current record at a U.S. climate station for the number of consecutive daily record highs is 14 from Burlington, Iowa, recorded during the Dust Bowl in 1936. Dozens more October monthly record highs were set Thursday in states such as Kansas and Nebraska. The National Hurricane Center also continues to watch Hurricane Kirk and Tropical Storm Leslie in the open Atlantic, though neither pose any threat to land.

Persons: Hurricane Helene, Kirk, Tropical Storm Leslie Organizations: National Weather Service, NWS, Southwest, Rockies, National Hurricane Center, Daytona, West Palm Beach, Tropical, Hurricane Iota Locations: Phoenix, U.S, Burlington , Iowa, Kansas, Nebraska . California, Hanford, Stockton, Fresno, Plains, Midwest, Gulf, Mexico, Florida, Tampa, Sarasota, Naples, West Palm, Caribbean, Gulf of Mexico, Atlantic

☆ These dividend stocks have a track record of solid fourth-quarter performance, Bespoke says
▼ + stars: | 2024-10-04 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

October is off to a rocky start, but a strong period of seasonality is only just beginning – particularly for select dividend-paying stocks, Bespoke Investment Group found. Dividend-paying stocks have been especially strong when it comes to fourth-quarter returns over the past 10 years, Bespoke found. In addition to having seasonality in their favor, dividend stocks are also expected to benefit from the Federal Reserve's interest rate cutting cycle. Tapestry also has a dividend yield of 3%. The stock has a total return of more than 21% in 2024, as well as a dividend yield of nearly 5%.

Persons: Matthew Boss, Tabby, Boss, Coach's, it's, Piper Sandler, Scott Siefers, Siefers, Wells, Michael Brown, Brown, Lamb Weston Organizations: Investment, New, JPMorgan, BlackRock, JPMorgan Chase, Bank of America Locations: Brooklyn, BlackRock, Wells Fargo

☆ These are the most important stocks in the U.S., according to Bank of America
▼ + stars: | 2024-10-04 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

There are several key stocks in the U.S. investors need to be mindful of when navigating the current market environment, according to Bank of America. To capture the momentum from this rally, Bank of America screened for the most important stocks in each region of the world — including the U.S. — that have the potential to have the largest impact on portfolio performance, positive or negative. Bank of America found these stocks to be among the most important in the U.S.: Chipmaker Nvidia and oil and gas giant Exxon Mobil ranked fairly high on the firm's steady compounders list within the screen. Meta's shares are up nearly 64% year to date. Other stocks considered the most important names in the U.S. include rideshare company Uber and pharma name Eli Lilly .

Persons: Nigel Tupper, Vivek Arya's, Metaverse, Justin Post, Eli Lilly Organizations: Bank of America, Investment, U.S, Nvidia, Exxon Mobil, Exxon, Meta, Bank of America's, Uber Locations: U.S, Lebanon, Thursday's

☆ Stock market next week: Investors wonder what's to come after tumultuous October start
▼ + stars: | 2024-10-04 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Stocks struggled this week as rising tensions in the Middle East set off the strongest rally in oil prices since March 2023. "The stock market has been living up to October's reputation of increased volatility," said Glen Smith, chief investment officer at GDS Wealth Management. Inflation report, Fed minutes on deck In the week ahead, investors will keep an eye on a couple of potential catalysts. On Wednesday, investors will parse minutes from September's central bank gathering for insights into the future path of monetary policy. "I would say the inflation report is probably less important than it used to be," Dickson said.

Persons: Stocks, Glen Smith, Said, Mike Dickson, Chris Zaccarelli, Zaccarelli, Investment's Dickson, It's, Dickson, Wells, John Williams, JPMorgan Chase Organizations: Dow Jones Industrial, Nasdaq, Federal Reserve, GDS Wealth Management, Federal, Horizon Investments, CNBC Pro, Independent, Alliance, PepsiCo, Delta, JPMorgan Chase, PepsiCO, New York Fed, PPI, University of Michigan, BlackRock, Bank of NY Mellon, JPMorgan Locations: White, Wells Fargo, Fastenal, Wells

☆ Active bond funds put up a strong performance — and they may be poised to stand out as rates fall
▼ + stars: | 2024-10-03 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Over the 12-month period ending June, about 2 of 3 active bond managers trounced their average passive counterpart, according to a recent analysis from Morningstar . There were a few tailwinds in active managers' favor. With the Fed recently cutting rates by a half point — and Chair Jerome Powell noting that two more quarter-point cuts could be in the cards this year — a new challenge awaits these active bond funds. As interest rates fall, active managers can position accordingly, said Roger Hallam, global head of rates at Vanguard. "We expect active managers to make a little more, and they should be because they're doing more trades and it costs more to manage active portfolios," said Olmsted.

Persons: —, Ryan Jackson, Jerome Powell, it's, Jackson, Paul Olmsted, Roger Hallam, wouldn't, Hallam, Morningstar, Olmsted Organizations: Federal Reserve, Morningstar, Vanguard, Bond Fund, SEC

☆ The bull market is about to turn two. Here's what's needed for further gains ahead
▼ + stars: | 2024-10-03 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

This latest bull run has been strong, even by historical standards. The broad market index has also reached a record above 5,700 — with some on the Street expecting it to top 6,000 before year-end. The bull market will be two later this month. .SPX mountain 2022-09-30 SPX since Q4 2022 The first: "The disinflation that has defined the cyclical bull needs to remain in place," said Clissold. The second element needed for the bull run to carry on is a successful soft landing.

Persons: Ned Davis, Ed Clissold, Clissold Organizations: Ned Davis Research, Fed, JPMorgan

☆ Vance and Walz bring a dose of civility to a heated campaign: From the Politics Desk
▼ + stars: | 2024-10-02 | by ( The Politics Desk | ) www.nbcnews.com time to read: +5 min

Tim Walz said he believes his rival for vice president, Sen. JD Vance of Ohio, wants to solve the nation’s immigration crisis, but he questioned if former President Donald Trump really does. Vance acknowledged that Walz wants to solve the problem, too, but he questioned if Vice President Kamala Harris really does. Walz agreed with “a lot of what Sen. Vance said” about Americans not trusting Republicans on abortion. Vance replied, “Who has been the vice president for the last three and a half years? “Kamala Harris’ Day One was Donald Trump’s failure on Covid that led to the collapse of our economy.

Persons: Sen, JD Vance, Tim Walz, Vance, Walz, Henry J, Gomez, Allan Smith, Ohio, Donald Trump, Kamala Harris, ”, Walz “, — Vance, —, Tuesday’s, Harris, Dick Cheney, Joe Lieberman, Cheney, Republican George W, Bush, Read, Allan →, Sahil Kapur, assail “ Donald Trump’s, “, Trump, “ Kamala Harris ’, Donald Trump’s, ” Walz, Tim, Hitler ”, I’ve, ” Vance Organizations: Minnesota Gov, Republican, CBS News, Trump, ”, GOP, Biden Locations: Ohio, Israel, Sahil

The debate, hosted by CBS News in New York City, could be the last event featuring candidates from both campaigns, with Kamala Harris and Donald Trump not currently scheduled to debate again. Vance wouldn't give a straight answer, instead throwing a question back at Walz about censorship about the Covid-19 pandemic on Facebook. “Sometimes, of course, I disagree with the president, but I’ve also been extremely open about the fact that I was wrong about Donald Trump. "Kamala Harris' day one was Donald Trump’s failure on Covid that led to the collapse of our economy. “Donald Trump could’ve destroyed the program.

Persons: Sen, JD Vance, Tim Walz, Kamala Harris, Donald Trump, Vance, Walz, assail “ Donald Trump’s, “, Trump, “ Donald Trump, Vance sidestepped, Harris, “ I’ve, Vance wouldn't, ”, Trump Vance, Hitler ”, I’ve, ” Vance, ” Walz, Donald Trump’s, Tim, Donald Trump hasn’t, “ Donald Trump could’ve Organizations: Democratic Gov, CBS News, ”, Facebook, Minnesota Public Radio, Democratic, Republican Congress, GOP, Biden, Trump, Republicans Locations: Ohio, Minnesota, New York City, Israel, ”, Hong Kong

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