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New York CNN —Elon Musk’s SpaceX has accused a California regulator of political discrimination after it voted to block the rocket company from conducting more launches on the state’s central coast. SpaceX also conducts commercial launches from the base to deliver its Starlink satellites into orbit. But the California Coastal Commission opposed the plan. At the meeting, commissioners “raised other concerns wholly unrelated to coastal effects,” SpaceX alleged in the complaint, filed in California Central District Court. Joshua Smith, public information officer for the California Coastal Commission, told CNN the agency declined to comment on the lawsuit.
Persons: New York CNN — Elon, , Mike, Wilson, , Musk, , Gretchen Newsom, Newsom, Gavin Newsom, Donald Trump, Hurricane Helene, Joe Biden, Kamala Harris, Biden, Kamala, , Joshua Smith Organizations: New, New York CNN, SpaceX, California Coastal, US Air Force, US Space Force, NASA, Vandenberg Space Force Base, California Coastal Commission, Court, US Justice Department, , FEMA, , California Gov, CNN Locations: New York, California, Santa Barbara , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Florida sees jump in unsold homes even before Hurricane Milton and HeleneCNBC's Robert Frank reports on the condo market in South Florida.
Persons: Hurricane Milton, Helene CNBC's Robert Frank Organizations: Hurricane Locations: Florida, South Florida
WASHINGTON — The Small Business Administration said on Tuesday it has exhausted funds for its disaster loan program following increased demand from Hurricane Helene, with Congress being in recess. “Until Congress appropriates additional funds, the SBA is pausing new loan offers for its direct, low-interest, long-term loans to disaster survivors,” the SBA said in a statement. “However, SBA is encouraging individuals and small businesses to continue to apply for loans given assurances from congressional leaders that additional funding will be provided upon Congress’ return in November.”The devastating Hurricane Helene killed more than 200 people in six U.S. states, nearly half of the victims in North Carolina alone. President Joe Biden has said he believes Congress, whose members are currently in recess, should come back into session to address disaster relief funding needs. Members of the House of Representatives and Senate are not scheduled to return to Washington until after the Nov. 5 election.
Persons: WASHINGTON, Hurricane Helene, Congress ’, Helene, Joe Biden Organizations: Small Business Administration, SBA, Congress Locations: Hurricane, , North Carolina, Washington
At least 92 people are still unaccounted for in North Carolina as first responders still sort through the aftermath of Hurricane Helene, weeks after the storm devastated the western part of the state. Mario Tama / Getty ImagesThere have been at least 118 deaths in North Carolina related to the Hurricane Helene, accounting for nearly half of the 243 killed by the storm across multiple states. FEMA Administrator Deanne Criswell echoed Cooper's call to stop the spread of misinformation regarding the agency and the response to recent natural disasters. "And frankly, it's heartbreaking to see words or active acts of hatred toward anyone, let alone federal responders who are here to help people in this critical time," Criswell said. "We have over 2,000 people from the federal family in North Carolina, and misinformation will not deter us from our mission of helping people.
Persons: Hurricane Helene, Roy Cooper, Cooper, Mario Tama, Helene, Deanne Criswell, Criswell Organizations: . North Carolina Gov, National Guard, Federal Emergency Management Agency, Department of Public Safety, FEMA Locations: North Carolina, Hurricane, ., Bat Cave, N.C
A storm system in the Atlantic could potentially strengthen into a tropical depression as it heads towards the Caribbean later this week, according to the National Hurricane Center — the latest storm in what is already an "above-normal" hurricane season. A tropical depression is a storm with maximum sustained winds of 38 mph, according to the National Weather Service. The National Oceanic and Atmospheric Administration predicted an “above-normal” hurricane season this year, with eight to 13 hurricanes and 17 to 25 named storms. The 2024 hurricane season has already produced nine hurricanes, including four major hurricanes, and 13 named storms, NBC Miami reported. About seven weeks are still left in the 2024 hurricane season.
Persons: Helene, Milton Organizations: National Hurricane Center, Leeward Islands, National Weather Service, Atmospheric Administration, NBC Miami Locations: Caribbean, Leeward, British Virgin Islands, Saint Martin, Anguilla, Saint Kitts, Nevis, Antigua, Barbuda, U.S
SpaceX made history as it returned its Super Heavy booster to its launch site in Texas. For Elon Musk, it was a chance to prove the doubters wrong — and he did. SpaceX Starship. Related storiesAnd Musk earned online applause from legions of Starship fans, including Google CEO Sundar Pichai. Wall Street analysts attributed the decline partly to skepticism over Tesla's ability to deliver fully autonomous driving.
Persons: Elon Musk, , SpaceX's, Musk, SERGIO FLORES, Dan Huot, Sundar Pichai, Tesla, Gretchen Newsom, Lex Fridman, Artemis, Peter Thiel Organizations: SpaceX, Super, Service, AFP, Getty, National Press Club, Google, Twitter, eventual, Wall Street, Warner Bros Studios, California Coastal Commission, Federal Emergency Management, Elon Locations: Texas, California
The four leaders had planned to meet the prior week with Ukrainian President Volodymyr Zelensky at Ramstein Air Base, a meeting that was scrapped when Biden postponed his foreign travel as Hurricane Milton barreled toward the southeastern US. Biden pledged to reschedule the trip to Germany, but the outlook for the meeting of the so-called European Quad, had been unclear. Zelensky went ahead with his planned travel to Germany on Friday for a bilateral visit with Scholz, in which the German leader pledged an additional $1.5 billion in new aid. Zelensky met with Vice President Kamala Harris during a visit to Washington in September and met in person with former President Donald Trump, too. This is a breaking story and will be updated.
Persons: Joe Biden, Olaf Scholz, Emmanuel Macron, Keir Starmer, Volodymyr Zelensky, Biden, Milton, Zelensky, Scholz, Kamala Harris, Donald Trump Organizations: Washington CNN, Ramstein Air Base, Russia, Kiel Institute Locations: Berlin, Ukraine, Germany, France, German, Washington
The tax extension deadline has arrived and there are options if you still can't pay your balance, tax experts say. About 19 million U.S. taxpayers filed for an extension by the April 15 tax deadline, which bumped the filing due date to Oct. 15. However, for federally declared disasters after April 15, filers were not granted more time to pay their tax bill. Penalties and interest on unpaid balances started accruing after the April 15 deadline. If you missed the tax deadline, the late payment penalty is 0.5% of your unpaid balance per month or partial month, capped at 25%.
Persons: filers, Josh Youngblood Organizations: Finance, Youngblood Locations: Dallas
CNN —A record number of early votes have been cast in Georgia on Tuesday as residents headed to the polls in a critical battleground state that is grappling with the fallout from Hurricane Helene and controversial election administration changes that have spurred a flurry of lawsuits. More than 300,000 ballots were cast Tuesday, Gabe Sterling of the Georgia secretary of state’s office said on X. Georgia election officials say absentee ballots went out by the US Postal Service as scheduled and were not impacted by the storm. It’s also possible that the state could continue to see high numbers of early votes given that Georgia law now mandates two Saturdays of early voting and allows for two Sundays of early voting if a county desires. Legal fights continueMeanwhile, state judges are scrutinizing a number of new rules passed by the Trump-backed Republican majority on the State Election Board that Democrats warn could inject post-election “chaos” into the Georgia.
Persons: Hurricane Helene, Gabe Sterling, Sterling, Donald Trump, Joe Biden, Trump, , , Brad Raffensperger, It’s, Raffensperger, ” Raffensperger, Robert McBurney, McBurney, they'll, Harris, Fay Ainsworth, we’ve, Joseph Henry King Jr, Kareem Rosshandler, Jill Stein, “ We’ve, ” Rosshandler, Mounira Elsamra Organizations: CNN, Republican, Corine, US Postal Service, Biden, Trump, Peach State, Legal, Board, Democrats, GOP, Green Party, Israel, Electoral College Locations: Georgia, Hurricane, Atlanta, Corine Canada, Southeast . Georgia, Trump’s crosshairs, Peach, Fulton County
You also need to know how much the fair market value declined due to the disaster, she said. How to calculate the casualty loss deduction 1. Congress approves 'qualified disaster losses'In certain cases, "qualified disaster losses" are eligible for special rules, but "that's driven by Congressional action," according to Brennan. When there's a qualified disaster loss, the $100 rises to $500, there is no 10% AGI limit and victims can add their loss on top of the standard deduction. "AICPA has been actively advocating for permanent uniform tax relief for all victims of disasters since 2021 — for almost four years now — because we have this inconsistent treatment," she said.
Persons: David Hester, Hurricane Helene, Chandan Khanna, Mark Luscombe, Beth Brennan, Brennan, You'll, there's, AICPA Organizations: Afp, Getty, Wolters Kluwer, Accounting, American Institute of Certified Public Accountants, Congress Locations: Horseshoe Beach , Florida
Still, “lack of flood insurance is the largest insurance coverage gap we see across the United States,” he said. Here’s what you’re likely to encounter if you’re shopping around for flood insurance policies. Flood insurance 101Homeowners with mortgages are almost always required to have home insurance by their lenders. Most flood insurance is offered through the federally backed National Flood Insurance Program, a part of the Federal Emergency Management Agency. The NFIP estimates that more than 40% of NFIP flood insurance claims come from outside high-risk flood zones.
Persons: Helene, Mark Friedlander, , Rebecca Blackwell, policyholders, Melissa Sue Gerrits, Friedlander, Andy Neal, Milton, Neal, Scott Hawkins, ” Hawkins Organizations: New, New York CNN, Insurance Information Institute, CNN, Flood Insurance, Federal Emergency Management Agency, AP, FEMA Locations: New York, North Carolina, United States, Gulf, Mexico, Hurricane Milton, Englewood , Florida, Swannanoa , North Carolina
Elon Musk’s empire of misinformation
  + stars: | 2024-10-15 | by ( Allison Morrow | ) edition.cnn.com   time to read: +6 min
New York CNN —At any Tesla event, you have to go in expecting a good amount of smoke and mirrors. This is the company run by Elon Musk, after all — its self-anointed Technoking who’s made overpromising and underdelivering a theme of his career. ICYMI: The robotaxis, Tesla’s fully driverless vehicles that it hopes to put into service next year, were the main event. But Musk’s reality distortion field is something else entirely — hardly limited to overly optimistic timetables or pie-in-the-sky projections for Tesla’s delivery schedule. In a twist, though, X dropped Unilever from the lawsuit on Friday.
Persons: CNN Business ’, Elon Musk, Technoking who’s, Tesla, ” Gordon Johnson, ” Morgan Stanley, Adam Jonas, they’re, Steve Jobs, Donald Trump, , Craig Fugate, X Organizations: CNN Business, New York CNN, Elon, Bloomberg, , Apple, National Guard, FEMA, Washington Post, CNN, NBC, ” Unilever, , Unilever Locations: New York, Carolina
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHospitals have an IV fluid shortage due to the impact of Hurricane HeleneFormer FDA Commissioner Dr. Scott Gottlieb, joins 'Power Lunch' to discuss iV fluid shortage at hospitals and the hurricane impact on hospitals.
Persons: Hurricane Helene, Scott Gottlieb Organizations: Hospitals
CNN —Two critical battleground states – Georgia and North Carolina – are kicking off early in-person voting this week. In Georgia, voters can head to the ballot box beginning on Tuesday and in North Carolina, early in-person voting begins on Thursday. “I don’t want to discourage people from using drop boxes by any means, but I can see why people would think it’s easier to show up in person.”Meanwhile, the opportunities to vote early in-person have expanded: Georgia law mandates two Saturdays of early voting and allows for two Sundays of early voting if a county desires. When it comes to early voting sites, the 25 western counties most impacted by Helene had planned for 80 early voting sites. “In this day and age, everyone’s taking selfies, even people in the boomer generation like me,” Phillips from Common Cause North Carolina said.
Persons: Hurricane Helene, , Kristin Nabers, Larry David, , Donald Trump, Helene, , Bob Phillips, I’m, ” Karen Brinson Bell, Brinson Bell, ” Phillips, That’s, CNN’s Tierney Sneed Organizations: CNN, State, Carolina, State Board, North Carolina State Board Locations: Georgia, North Carolina, Hurricane, Both Georgia
An armed North Carolina man was arrested after it was reported that he had made comments about “possibly harming FEMA employees” involved in hurricane relief efforts in the state, authorities said. William Jacob Parsons, 44, was arrested Saturday after the Rutherford County Sheriff’s Office received a call saying the caller witnessed Parsons making threatening comments about Federal Emergency Management Agency responders in Lake Lure and Chimney Rock, the sheriff’s office said in a news release. He was charged with “Going Armed to the Terror of the Public,” the sheriff’s office said. In Ashe County, FEMA operations were briefly put on pause in response to the threats and resumed today, the county sheriff’s office said on Facebook. “FEMA continues to support communities impacted by Helene and help survivors apply for assistance,” a FEMA spokesperson said.
Persons: William Jacob Parsons, Parsons, , , ’ ”, Shayne Martin, Hurricane Helene, Donald Trump, Helene, , ” Parson, Alejandro Mayorkas, Trump Organizations: FEMA, Sheriff’s, Federal Emergency Management Agency, Washington Post, U.S . Forest Service, National Guard, , NBC News, Forest Service, North Carolina National Guard, Facebook, . Homeland, Institute for Strategic, North Carolina Department of Public Locations: North Carolina, Rutherford, Lake Lure, Rutherford County, U.S, N.C, Lure, Ashe County, Madison County, Asheville, London
I think a record number of Black and African American voters, Jewish voters, union voters. Asked for comment, the Harris campaign referred to a memo to reporters Sunday pushing back on the GOP suggestion that the vice president's support is eroding among key groups. Trump and Republicans hope to see a big turnout from their base, namely white, non-college-educated, working-class voters. Johnson and his affiliated super PAC, the Congressional Leadership Fund, have raised a combined $266 million for House Republicans this cycle. Democrats are heavily focused on Pennsylvania as well, with all three top House leaders and the Harris campaign making stops here in recent weeks.
Persons: Mike Johnson, ” Johnson, , I’m, , he'll, Donald Trump, Kamala Harris, Harris, Joe Biden, Biden, Johnson, Trump, “ I’m, it’s, we’re, It’s, Kevin McCarthy’s, McCarthy, Kevin, Helene, — Johnson, Ryan Mackenzie, Susan Wild, Rob Bresnahan, Matt Cartwright, Rob Mercuri, Chris Deluzio, Brian Fitzpatrick, Scott Perry, Lloyd Smucker, Pete Aguilar, ” Aguilar, they’ve Organizations: Steel, White, NBC News, African American, Jewish, Keystone State, , Telemundo, CNBC, Trump, New York Times, Sienna College, Black, GOP, CBS, International Association of Fire Fighters, Teamsters, Senate, Biden, Steel Club, Republicans, House Republican Conference, Congressional, Fund, House Republicans, LSU, Ole Miss, Democratic Rep, Democratic, Freedom, Lancaster County Republicans, Democrats, House Democratic Locations: Pa, , noshing, Hellertown, Nevada, Pennsylvania, Israel, Gaza, Las Vegas, California, New York, North Carolina, Allentown, America, El Tablazo, Dominican, South Florida, Texas, Arizona, Southern California, Allentown , Pennsylvania
ST. PETERSBURG, Fla. — Florida wildlife experts are warning locals in areas battered by Hurricanes Helene and Milton to avoid dark floodwaters for a hair-raising reason: alligators and snakes. The Florida Fish and Wildlife Conservation Commission wrote on X after Milton hit: “Some wildlife, such as alligators, snakes, and bears are more likely to be seen after a storm. She warned that alligators don’t want to be near people, but if someone tries to grab them, they will snap at them. Also ahead of Milton, the Florida Health department urged people to avoid floodwaters due to exposure to Vibrio, a flesh-eating bacteria commonly found in warm coastal waters. It stirred up colonies of yellow jackets in western North Carolina, likely due to their underground nests being destroyed from rain, flood water and toppled trees.
Persons: Milton, ” Rene Walker, , ” Walker, Jen Messer, , Messer, ” Messer, ” Ron Magill, Keith March, We’ve, Walker, Hurricane Helene Organizations: Hurricanes, Hurricane Milton, Tampa Bay, NBC News, Florida Fish and Wildlife Conservation, gator, Zoo Miami, and Wildlife Conservation Commission, Florida Health Locations: PETERSBURG, Fla, — Florida, Hurricane, Tampa Bay, Tampa, Pascoe County, , Florida, Milton, North Carolina
For decades, an icy moon of Jupiter has been considered one of the most promising places to search for extraterrestrial life in the solar system. As early as midday Monday, NASA plans to launch a new robotic mission to Jupiter. Dubbed Europa Clipper, the probe is the largest spacecraft it has ever built for a planetary science mission. Assuming the launch does not face any further delays, Europa Clipper is scheduled to lift off at 12:06 p.m. A mosaic image of Jupiter's moon Europa, obtained by the camera onboard NASA's Galileo spacecraft on Nov. 25, 1999.
Persons: NASA’s, Hurricane Milton, , Jordan Evans, Bonnie Buratti, “ We’re, ” Buratti, “ We’ll, , we’ll, ” Evans, Galileo Galilei, Buratti, “ I’ve, I’m Organizations: NASA, Clipper, SpaceX, NASA’s Kennedy Space Center, Kennedy Space, Jet Propulsion Laboratory, Europa, NASA Europa Clipper, Cornell University Locations: Europa, Florida, Hurricane, Florida’s, Siesta, Italian
ENGLEWOOD, Fla. — Sand is piled up to the first floor of most homes on Manasota Key, a sliver of land off Florida’s west coast, where devastation is widespread. The community, about 30 miles south of where Hurricane Milton made landfall Wednesday, sits across a bay from Englewood, between Fort Myers and Sarasota. Scenes of devastation in Manasota Key, Fla., on Sunday after Hurricane Milton made landfall nearby. The rooms at the Sea Oats Beach Club in Manasota Key are filled with upward of 3 feet of sand. More than 750,000 Floridians are still without power five days after Milton made landfall, according to PowerOutage.us.
Persons: Milton, Hurricane Milton, Natalie Obregon, Kris Hleuka, , Hleuka, Ian, I’m, Brenda Kreuger, Hleuka's, Pam Hager, ” Jay Hager, I’ve, They’re, Helene, Ben Bailey, Bailey, John Elias, Charlotte County, Joe Biden Organizations: NBC News, Charlotte, Hurricane, NBC, Residents, Englewood ., Oats Beach Club, Oats Beach Locations: ENGLEWOOD, Fla, Englewood, Fort Myers, Sarasota, Manasota Key, Florida, Englewood . Jay, Manasota, Charlotte County, St . Petersburg
'Free Solo' climber Alex Honnold witnessed the effects of climate change throughout his career. It inspired him to start the Honnold Foundation in 2012, a non-profit that builds renewable energy resources around the world. He's seen 'dramatic' landscape changes on his climbsHonnold and Caldwell previously planned an ice climb in Patagonia, Argentina. Related storiesHis foundation focuses on communitiesIn 2023, the Honnold Foundation helped launch the first community-led microgrid project in Puerto Rico. "The Devil's Climb" premieres October 17 at 9pm EST on National Geographic and streams the next day on Disney+ and Hulu.
Persons: Alex Honnold, He's, Tommy Caldwell, Caldwell, Renan Ozturk Honnold, Honnold, Matt Pycroft, Hurricane Maria, Adam Skolnick, Skolnick Organizations: Honnold Foundation, Service, Geographic, Hurricane, Disney Locations: Patagonia, Alaska, Argentina, Puerto Rico, Detroit, Memphis, Hulu
Elon Musk has responded after California officials rejected a request for more frequent SpaceX launches. The state's Coastal Commission denied a request from the US Space Force on Thursday. AdvertisementElon Musk has threatened to take legal action following reports that a California state commission cited his politics when rejecting a request for more frequent SpaceX launches from the state's central coast. What I post on this platform has nothing to do with a 'coastal commission' in California!" Business Insider has contacted both the California Coastal Commission and SpaceX for comment.
Persons: Elon Musk, , Gretchen Newsom, Elon, Caryl Hart, Hart, Musk, Ravi Chaudhary Organizations: SpaceX, Coastal Commission, US Space Force, Service, California Coastal Commission, Vandenberg Space Force Base, Business, FEMA, Commission, Air Force, Space Force Locations: California, California's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFlorida real estate still seeing healthy demand after Hurricane Milton: BH Group's Isaac ToledanoIsaac Toledano, BH Group founder and CEO, joins 'The Exchange' to discuss Hurricane Milton's effect on the Florida real estate market, how the storm could impact insurance prices in the state, and more.
Persons: BH, Isaac Toledano Isaac Toledano Organizations: Hurricane Milton, BH Group Locations: Florida
Oil prices fall by more than $1 on deflation worries in China
  + stars: | 2024-10-14 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices fell by more than $1 a barrel, losing over 1.5% in early trading on Monday, after disappointing Chinese inflation data and a lack of clarity on Beijing's economic stimulus plans stoked fears about demand. In the U.S. market, energy firms last week added oil and natural gas rigs for the first time in four weeks, according to a closely followed report by energy services firm Baker Hughes. The oil and gas rig count, an early indicator of future output, rose by one to 586 in the week to Oct. 11. The impact of Hurricane Milton boosted short-term demand in the U.S. as evacuations supported gasoline consumption, but weak demand dominated the fundamentals outlook. Oil major BP posted a $600 million drop in its third-quarter profit on Friday because of weak refining margins amid a slowdown in global oil use.
Persons: Tony Sycamore, Baker Hughes, Hurricane Milton Organizations: Brent, U.S . West Texas, National Bureau of Statistics, China Ministry of Finance Locations: U.S, China, Beijing, East, Florida, The U.S, Iran, Israel, Hurricane
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix has a real problem with its 'no theaters' strategy, says Puck's Matt BelloniMatt Belloni, Puck founding partner, joins 'Squawk Box' to discuss what to expect from Netflix's quarterly earnings results on Thursday, Netflix's foray into sports, Joker's fall at the box office, Hurricane Milton's impact on Disney, and more.
Persons: Matt Belloni Matt Belloni, Puck Organizations: Netflix, Disney
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect restaurants impacted by hurricanes to 'bounce back quickly', says Guggenheim's Greg FrancfortGregory Francfort, Guggenheim Securities lead restaurant analyst, joins CNBC's 'The Exchange' to discuss the economic impact of Hurricane Milton on restaurants, how long it will take those affected to bounce back, and more.
Persons: Greg Francfort Gregory Francfort Organizations: Guggenheim Securities Locations: Hurricane Milton
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