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How to cope with post-Election Day stress
  + stars: | 2024-11-06 | by ( Sandee Lamotte | ) edition.cnn.com   time to read: +7 min
Just as in 2020, now is a good time to pause and analyze your physical and emotional stress. “How we view our stress actually matters to our health,” said Dr. Cynthia Ackrill, a stress management expert and former editor for Contentment magazine, produced by the American Institute of Stress. Deep, slow belly breathing activates the parasympathetic nervous system to counteract stress signs such as an elevated heart rate and a burst of adrenaline. “Everyone needs regular practices to notice when stress is taking hold and a (tool belt) of ways to deal with it. “Because the election hype has been so divisive, it can strain our relationships, especially with those who don’t share our viewpoints,” she said.
Persons: Donald Trump, , Cynthia Ackrill, ” Ackrill, Cortland Dahl, Ackrill, , Don’t, Tania Israel, ” Israel, Israel, Caroline Hopper, ” Hopper Organizations: CNN, House, American Institute of, University of California, “ Media, Citizenship &, The Aspen Institute, Aspen Institute Locations: , Santa Barbara
The US economy added just 12,000 jobs in October, way under the forecast of 106,000. Labor market watchers expected cooler job growth than September's, partly because of recent hurricanes and strikes. AdvertisementThe US economy added just 12,000 jobs in October, falling way short of the forecast of 106,000. AdvertisementThe mixed results in the jobs report could complicate the Fed's interest rate plans into next year. The new jobs report is the last US employment report before the presidential election on November 5.
Persons: , Hurricane Helene, Hurricane Milton, Milton, Lydia Boussour, NORC, Kamala Harris, Donald Trump Organizations: Labor, Service, Hurricanes, Bureau of Labor Statistics, Labor Statistics, Boeing, Reserve, AP Locations: Hurricane, United States
Howard Schnapp | Newsday | Getty ImagesThe tide could be turning for commercial real estate. That could give interest rate-sensitive sectors such as commercial real estate long-awaited positive momentum. While lower rates are not a "magic bullet," the easing of the Fed's monetary policy "lays the groundwork for a commercial real estate recovery," analysts wrote in a follow-up report in late September. More than $40 billion in transactions occurred during the second quarter, a 13.9% jump quarter over quarter, but still 9.4% lower year over year, according to real estate data intelligence firm Altus Group. While these dynamics could set the stage for a broader recovery, with some major subsectors such as commercial retail real estate picking up in tandem, the path forward will likely be uneven.
Persons: Howard Schnapp, Alan Todd, Todd, Willy Walker, Walker, Dunlop, what's, Wells, Wells Fargo, , Chad Littell, Littell Organizations: Newsday, Federal Reserve, Bank of America, CNBC, REIT, Real, Board, New York, U.S, Capital Locations: Melville , New York, Wells, U.S, Manhattan, Wells Fargo
Another key US inflation gauge fell in September
  + stars: | 2024-10-11 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +2 min
CNN —Inflation for US producers slowed further in September, adding to hopes that prices aren’t getting jacked up before they get to consumers. The annual rate is running faster than the 1.6% gain economists expected, according to FactSet estimates; however, August’s rate was revised higher from the initial 1.7% estimate, so prices still fell in September. PPI is important because it’s often seen as a bellwether for the price increases consumers will wind up paying down the line. On Thursday, the Consumer Price Index — a measurement of average price changes for commonly purchased goods and services — cooled to 2.4%, its lowest rate since February 2021. As a result, Fed officials have now shifted from trying to contain inflation to trying to keep the job market healthy, the other half of their so-called dual mandate.
Persons: Price, that’s Organizations: CNN, of Labor Statistics, PPI, Federal Reserve
Why so many entry-level jobs aren't entry-level
  + stars: | 2024-10-06 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +10 min
"That's really frustrating for entry-level job seekers like me," Goyenka told Business Insider. AdvertisementShe told BI that the volume of vacancies for entry-level tech roles has been declining for about three years in several countries where Generation operates. Generation found in a survey that 94% of employers required that applicants for entry-level tech jobs have experience working in a related field. Beyond raising their standards for entry-level positions, some employers in various industries simply aren't posting as many of these jobs. In a prior role, he spent more than 15 years filling staff-level tech jobs.
Persons: , Goyenka, He's, Daniel Zhao, Mona Mourshed, they've, Mourshed, Jason Henninger, Heller, Henninger, Corey Moss, Pech, Moss, It's, Jennifer Neef, Neef, Rod Danan Organizations: Service, Business, Glassdoor, LinkedIn, Arizona State University, BI, Employers, Florida State University, University of Illinois, Illini, Tech, Arizona State grad Locations: Bellevue , Washington, Urbana, Champaign
The Labor Department will provide its latest snapshot of the job market on Friday when it releases its monthly employment report — one that will be watched closely as the Federal Reserve looks for further signs of cooling. The report is expected to show that American employers added 175,000 jobs in July, according to a Bloomberg survey of economists. That would be a healthy number but a downshift from June, when the labor market added 206,000 jobs. Economists and Fed officials will also pay intense attention to other data in the report. Fed officials left the benchmark interest rate at 5.3 percent at their meeting this week but suggested that a rate cut could be on the table at their next gathering, in mid-September.
Organizations: Labor Department, Federal, Bloomberg, Fed
The U.S. labor market may have cooled some in July, as a gradual slowdown in the economy and Hurricane Beryl are expected to have taken some of the steam out of hiring. Still, even if the Labor Department's nonfarm payrolls report for July, to be released Friday at 8:30 a.m. "You're seeing just modest on-the-margin weakness in the labor market that [isn't likely to] spiral out of control into a negative feedback loop." Citigroup projects an even lower number — 150,000 on payrolls and a tick higher in the unemployment rate to 4.2%. Should the unemployment rate keep climbing, it could raise fears that the so-called Sahm Rule is in danger of being triggered.
Persons: Hurricane Beryl, nonfarm, Mike Reynolds, Dow Jones, Goldman Sachs, Beryl Organizations: Amerant, Hurricane, Labor, Federal, department's Bureau of Labor Statistics, Citigroup Locations: Florida, Sunrise , Florida, The U.S, department's, Texas, Houston
"You're going to move better, you're going to feel better, you're going to build confidence," Saladino said. AdvertisementMuscle loss with age is known as sarcopenia, but strength training and eating a high-protein diet can help prevent this, he said. Prioritize sleepYou often hear people saying getting up early in the morning requires discipline, but Saladino thinks going to bed early requires more. AdvertisementThe three macronutrients that make up all foods are protein, carbs, and fat, but Saladino thinks we should pay as much attention to fiber too. Get your steps inWalking is another underutilized key to health and longevity, Saladino said, and he encourages people to do it as much as possible.
Persons: , Ryan Reynolds, Don Saladino, Saladino, they've, it's, we're Organizations: Service, Business, American College of Cardiology, Communications Biology
The odds of a pullback in the S & P 500 are higher now, according to Bank of America. "We are thus overdue for a pullback," wrote Subramanian, adding there is "elevated downside risk in coming months. In fact, the strategist expects the S & P 500 will end the year at 5,400. Just 50% have been triggered [today] vs. an average of 70% ahead of prior S & P 500 peaks." From 1936 to 2010, dividends contributed around 40% to S & P 500 total returns, but have only accounted for 15% since 2010.
Persons: Savita Subramanian, Subramanian Organizations: Bank of America, Nasdaq, Dow Jones, BofA Securities
China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky economic recovery. A 3.6% year-on-year rise in profits last month followed a 0.7% gain in May, while first-half earnings were up 3.5%, accelerating from a 3.4% increase in the January-May period, National Bureau of Statistics (NBS) data showed. Roughly half of more than 10 mainland-listed alcoholic beverage firms that had released forecasts for H1 earnings expected a loss-making first half. State-owned firms reported profits up 0.3% in the first half, foreign firms recorded an 11% gain, while private-sector companies booked a 6.8% rise, according to a breakdown of the NBS data. Industrial profit numbers cover firms with annual revenues of at least 20 million yuan ($2.75 million) from their main operations.
Organizations: National Bureau of Statistics, Nvidia Locations: Lujiazui, Shanghai, China, Suzhou
However, central bank officials still want to see more progress before cutting interest rates, he noted. “The most recent inflation readings, however, have shown some modest further progress, and more good data would strengthen our confidence that inflation is moving sustainably toward 2%,” he added. Fed officials expect to cut interest rates just once this year, according to their latest economic projections in June, compared to the three cuts they forecast in March. The annual PCE inflation rate registered at 2.6% in June, down slightly from 2.7% in May. Fed officials and most economists don’t see a recession this year.
Persons: Jerome Powell, ” Powell, Powell, Inflation, John Williams, ” Seema Shah Organizations: Washington CNN, Inflation, Committee, Financial, ” New York Fed, Congress, Fed, Asset Management Locations: India, United States
PinnedThe monthly employment report on Friday is projected to show that employers added 190,000 jobs in June, according to a Bloomberg survey of economists. That would be a downshift from the 272,000 jobs added in May. The economy remains solid overall, with unemployment still low, the stock market hovering at new highs and wage growth outpacing inflation. But many economists say the labor market is in a sensitive place. Interest rates, which the Federal Reserve has driven significantly higher since 2022, have remained elevated longer than many businesses had hoped.
Persons: , Jerome H, Powell, Nancy Vanden Houten Organizations: Bloomberg, Federal Reserve, Bank of America, Fed, Oxford Locations: U.S
CNN —Ford is recalling more than 550,000 F-150 pickups in the United States because of an issue that can cause the transmission to suddenly and unexpectedly, at any speed, shift down to first gear. Before that happens, a malfunction indicator light in the truck’s gauge cluster may turn on Ford spokesperson Maria Buczkowski said in an email to CNN. To fix the problem, Ford dealers will update the trucks’ control module software at no cost to the owner. Ford will start mailing letters to owners of the trucks involved in a few days. A new software update to fix the 2014 trucks will be ready sometime in the next three months, Buczkowski said.
Persons: CNN — Ford, Maria Buczkowski, Ford, Buczkowski Organizations: CNN, Ford Locations: United States
Now people are taking full-blown holidays while on the job as part of a trend that's been called "quiet vacationing." It's a stark reminder of how broken American work culture is, just in time for summer. Pretending to work when you're not or acting like you're putting in more hours than you do is not a new phenomenon. If you're quiet vacationing and your boss doesn't know, good for you, I guess. Regardless of how up front (or not) employees are, at the end of the day, American work culture is the bad guy here.
Persons: margarita, munches, they're, Rebecca Zucker, they'd, , it's, overworkers, Malissa Clark, Clark, downshift, Zucker, We're, we're, aren't, doesn't Organizations: Harris, Workers, University of Georgia, Business Locations: sipping, American
When consumer sentiment falters or the economy starts to teeter, RV sales follow suit, said Michael Hicks, an economics professor at Ball State University and director of Indiana University’s Center for Business and Economic Research. “People don’t make these large, luxury purchases unless they’re actually feeling better about the economy,” said Hicks, who follows the RV industry closely. “It’s so sensitive to interest rate changes, which often precede a downturn.”A Winnebago travel trailer at Motor Sportsland RV dealership in Salt Lake City on April 6, 2020. Nika Shneyder and her father and business partner, Alex Shneyder, standing by a Chill RV in Malibu RV Park, California, in 2019. They moved down to a historically strong, but noticeably smaller, 493,000 the next year, according to data from the RV Industry Association.
Persons: That’s, Nika Shneyder, “ We’re, ” Shneyder, , Michael Hicks, , Hicks, George Frey, bode, ” Michael J, Happe, hasn’t, We’ve, we’ve, Covid, Alex Shneyder, Nika, they’d, Monika Geraci, David Titus, Ty Wright, there’s, Ball State’s Hicks, ’ Titus, they’re, we’ll, Titus, ” Titus Organizations: CNN, Ball State University, Indiana University’s Center for Business, Economic Research, Bloomberg, Getty, Winnebago Industries, RV Industry, Dealers, RVs, Consumers, HL Enterprise, Manufacturing, of Labor Statistics Locations: Los Angeles, teeter, Salt Lake City, YOLO, Malibu, , California, Elkhart , Indiana, The Northern Indiana, South Bend, Elkhart, , Elkhart .
Despite a stock market that's less than 1% away from record highs, bearish forecasts are out in full force. And a weakening in the labor market will crush investor confidence and send the stock market falling by as much as 30%. BCA Research: A recession in early 2025 will cause 30% stock market declineBCA strategist Roukaya Ibrahim warned that a 30% correction in the stock market could be sparked by a recession early next year. Rosenberg famously predicted the 2008 recession, but his consistently bearish economic outlooks since then have largely fallen flat. Advertisement"Forward earnings rose to a record high during April, consistent with a solid labor market.
Persons: , they're, Gary Shilling, we've, Shilling, BI's Jennifer Sor, we're, John Hussman, Hussman, wouldn't, Roukaya Ibrahim, Ibrahim, David Rosenberg, We're, Rosenberg, Ed Yardeni, Yardeni, landers Organizations: Service, Wall, Hussman Investment Trust, BCA, Bloomberg Locations: Wall
Read previewThe US could be "sleepwalking" into a recession, and signs of a downturn in key areas of the economy are starting to show, according to top economist David Rosenberg. That's a strong sign the economy is weakening, as manufacturing has only contracted on two occasions since 1997 without the economy later slipping into recession, Rosenberg noted. The 2-10 Treasury yield curve, a notoriously accurate recession indicator, has signaled a coming downturn since July 2022. The labor market is cracking, a slowdown in services activity is dragging on real-time growth, and forward looking financial signals still point to a coming slowdown," Rosenberg said. Rosenberg has been warning of a coming recession for months — and fears of a downturn are rising as investors anticipate the Fed keeping interest rates higher-for-longer.
Persons: , David Rosenberg, Rosenberg, We're, That's Organizations: Service, Business, Treasury
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: XLU, Katie Stockton Organizations: Utilities, Fairlead, CNBC Pro, Securities
The U.S. economy continued to grow but at a sharply slower rate early this year, as strong consumer spending was offset by pockets of weakness in other sectors. Taken on its own, the downshift in growth is not necessarily worrisome, particularly given that the Federal Reserve has been trying to cool off the economy. And the weaker first quarter numbers were driven in part by big shifts in business inventories and international trade, which often swing wildly from one quarter to the next. Still, the slowdown has come at the same time that the Fed’s fight against inflation has stalled: Prices rose more quickly in the first quarter than at the end of last year. That raises the uncomfortable possibility that high interest rates are taking a toll on economic activity but not succeeding in fully taming inflation.
Organizations: Gross, Commerce Department, Federal Reserve Locations: U.S
Opinion: Trump videos send wildly different messages
  + stars: | 2024-03-31 | by ( Richard Galant | ) edition.cnn.com   time to read: +19 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. In a video promoting the Bible, Trump said, “Religion and Christianity are the biggest things missing from this country. … we need to bring them back.”On Good Friday, Trump posted a very different kind of video. It showed an image of President Joe Biden lying sideways and tied up in the bed of a pickup truck. “Robert F. Kennedy Jr.’s independent presidential campaign can’t win, but it could swing the presidency to former President Donald Trump,” Begala wrote.
Persons: Matthew Arnold, Homer, King James, Donald Trump, , Lee Greenwood’s, AJ Willingham, Trump, Joe Biden, Drew Sheneman, MAGA, Biden, Fareed Zakaria, ” Zakaria, Candida Moss, he’ll, he’s, Barack Obama, Bill Clinton, Julian Zelizer, ” “, , ” Clay, , Obama, “ Obama, CNN Trump, , Attorney Alvin Bragg, “ Trump, Stormy Daniels, ” Norman Eisen, Andrew Warren, James Antle III, stoked, Letitia James, Dali, Francis Scott Key, Tasos Katopodis, Richard Timme, ” Timme, Salvatore R, Mercogliano, , Jalal Baig, Catherine, Princess of Wales, Baig, Paul Hockenos, “ It’s, Robert F, Kennedy Jr, Nicole Shanahan, Eric Risberg, Paul Begala, Ross Perot, George H, Bush, “ Robert F, can’t, ” Begala, ” Shanahan “, Sergey Brin, Hillary Clinton, Pete Buttigieg, Ro Khanna, Lee Drutman, Mark Osler, Jill Filipovic, Lisa Murkowski, Obeidallah, Johnson Ronna, Ronna McDaniel, Justin Sullivan, McDaniel, ” McDaniel, David Zurawik, Jack Ohman, Walt Handelsman, Tim Hubbard, Dennis Muilenburg —, Max, David Calhoun, , ” Hubbard, Annelle, ” Sheline, ” Don’t, Frida Ghitis, Putin, Howard Fischer, Keith O’Brien, Pete Rose, Nick Anderson, Agency Sara Stewart, Mary Ziegler, Patrick T, Brown, shouldn’t, Emma Firth, Carter ’ Parkwood, Roxanne Jones, Cowboy Carter, Beyoncé, ” Jones Organizations: CNN, Oxford University, New, Trump, Nasdaq, NYPD, Hollywood, Biden, Cupp, Obama, Manhattan, Attorney, Democratic, US Coast Guard, Baltimore, Federal Highway Administration, RFK Jr, RFK, Google, The New York Times, Republican National Committee, NBC News, , Press, NBC, MSNBC, Content Agency Boeing, Notre Dame, Boeing, US State Department, Israel, Tribune, Agency, Sony, AP Locations: Independence, New York City, America, New, Manhattan, Queens, New York, Baltimore, Coast, Suez, Port, China, Argentina, Red, Gaza, Wales, Northern California, California, Israel, Columbia
Berlin CNN —For old-school connoisseurs of the automobile — usually men — driving means operating a beloved vehicle by touch, with three pedals underfoot and a shift stick at hand. Paul Hockenos Hayyan Al-YousoufIn Europe, this clientele is responsible for a good deal of the moaning about manual transmission’s demise. Well, Zen or not, the day of manual transmissions is speeding to an end — and this layman is shedding no tears. For one, the oft-repeated benefits of a stick shift over an automatic have been redundant now for years. The explanation: automatics select the right gear for the vehicle, usually the highest gear possible.
Persons: Paul Hockenos, , Paul Hockenos Hayyan, Mercedes Benz, upshift, ’ ”, Sigmund Freud, it’s, Robert M, It’s, , , Cristine Organizations: CNN, Berlin CNN, Porsche, BMW, Volkswagen, Swiss, Neue Zürcher, Art, Environmental Protection Agency, International Energy Agency, Toyota Locations: Berlin, Europe, New Berlin, Yousouf, Germany, New York, San Francisco, Oslo, Norway
If you like your situation right now — your job, your house, your car — you can keep it. The labor market has cooled off somewhat, making it less advantageous to hunt for a new job. The car market is in a similar situation. Employers are hiring as if there's a relatively weak labor market, not a strong one. Yes, the labor market is strong, but it's not a great time to go looking for a new job.
Persons: Joanne Hsu, there's, they're, , Dana Peterson, that's, it's, Matt Darling, Darling, Tamara Charm, Charm, Emily Stewart Organizations: University of Michigan, Labor Statistics, Conference Board, Companies, Employers, Niskanen, McKinsey, Business
If the forecast is close to accurate, it would mark a considerable downshift from January's explosive growth of 353,000, but still representative of a fairly vibrant labor market. "This is kind of a cautious labor market. ZipRecruiter's quarterly job-seeker survey showed expectations for the medium-term outlook hitting a series high, while applicants also indicated stronger levels of confidence in their financial wellbeing and current state of the labor market. A jobs market that remains red-hot could deter the Federal Reserve from cutting interest rates this year as expected. In its most recent survey of economic conditions, the Fed found that the ultra-tight labor market has loosened somewhat, but there are still active pockets.
Persons: Spencer Platt, Dow, Julia Pollak, they're, Pollak, Raphael Bostic, they've, Tom Gimbel, Jerome Powell, Gimbel Organizations: Chelsea Market, Getty, Labor Department, Dow Jones, Employers, Federal Reserve, Atlanta Fed, Challenger, Labor, Survey, LaSalle Network, Big Tech Locations: Manhattan, New York City, U.S, Covid
Based on my interviews with 263 people ages 100 or older, I've found that the world's longevity champions conduct themselves based on what I call the "Power 9." People in the Blue Zones eat their smallest meal in the late afternoon or early evening, and they don't eat any more the rest of the day. Plant slantBeans, including fava, black, soy and lentils, are the cornerstone of most Blue Zones diets. Wine at 5 p.m.People in Blue Zones, even some Adventists, drink alcohol moderately and regularly. Put loved ones firstCentenarians in the Blue Zones keep aging parents and grandparents nearby or in the home, which studies show can lower the disease and mortality rates of their children.
Persons: I've, Loma, outlive Organizations: Research Locations: Okinawa, Japan, Sardinia, Italy, Costa Rica, Ikaria, Greece, Loma Linda , California
The up-and-coming indie twang band Wednesday released a track called “Formula One” on their 2023 album. Glynn Wedgewood, COTA's senior vice president of music and entertainment, says the track first introduced live music performances with Elton John in 2015. “Artists in Residency can really help bridge that gap.”Tiësto, a lifelong F1 fan, released the album “Drive” in April, featuring an F1 racing helmet on the cover. The Vegas race is the most expensive event on this year’s calendar. The mastermind behind the “Barbie” soundtrack already knows there’s a big crossover between music fans and F1 fans.
Persons: George Harrison, Mario Andretti namecheck, Quest’s, , Red Bull, Sergio “ Checo ” Perez, will.i.am, J Balvin, John Legend, Keith Urban, Kylie Minogue, Glynn Wedgewood, COTA's, Elton John, Taylor Swift, COTA, Adam Lambert, ” Wedgewood, “ It's, , “ It’s, Stefano Domenicali, , Lil Wayne, “ Let’s, J, he’s, , Charles LeClerc, Lewis Hamilton, Christina Aguilera’s, Chloe, Aston Martin, Lance, “ I’ve, hasn’t, Mark Ronson, Barbie, Barbie ’ Organizations: ANGELES, One, Monaco, Las Vegas, U.S, Vegas, ESPN, One’s, Formula One, Prix, Marina, Circuit, , Ferrari, Mobile Locations: , Americas, Austin , Texas, Miami, Wedgewood, Singapore, U.S, Florida, Vegas
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