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☆ One month to Election Day. Here’s what to watch
▼ + stars: | 2024-10-05 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +10 min

The (Donald) Trump campaign, on the other hand, is looking to the Sun Belt. Instead of knocking on doors in key states, Trump’s allies are using funding from tech billionaire Elon Musk to do some nontraditional things. But some things are still going to be much more expensive on Election Day than they were when Trump was president. It’s one month to Election Day, but that’s a little bit of a misnomer. No matter what happens with the 2024 election, Trump is unlikely to accept the results if Harris wins.

Persons: CNN — It’s, it’s, CNN’s David Wright, Kamala, Harris, – they’ve, Donald, Trump, he’s, Trump’s, Steve Contorno, Fredreka, Elon Musk, Barack Obama, Obama, He’ll, Liz Cheney, George W, Bush, Dick Cheney, Cheney, Amy Walter, ”, Cook, … they’re, ” Walter, Hurricane Helene, Helene, Will, Will Trump’s, Jack Smith’s, Tanya Chutkan, Smith, Read Organizations: CNN, Democratic, Republican, Trump Republicans, Trump, Former Republican, Voters, North, East, Progressives, Democratic National Convention, Israel, Democrats Locations: Pennsylvania, Michigan, Wisconsin, North Carolina, Georgia, East Coast, Hurricane, Gaza, Israel, Lebanon, Iran, New York

☆ 4 market experts share 10 places to invest your money after September's jobs data blew expectations out of the water
▼ + stars: | 2024-10-05 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

Below, four market experts share how investors should allocate their money going forward. The US job market blew past economists' predictions, with total nonfarm payrolls increasing by 254,000 last month — over 100,000 more jobs than expected. Chris Zaccarelli, chief investment officer, Independent Advisor AllianceThe job market is showing signs of strengthening with the September data. With that being said, the current environment presents many opportunities to invest in equities, according to Zaccarelli. "Recession fears are elevated, and we think those are underpriced, underappreciated parts of the market," Zaccarelli said.

Persons: —, we've, Liz Ann Sonders, Charles Schwab, Sonders, there'll, it's, Jeffrey Roach, Roach, Lisa Shalett, Morgan, Shalett, Chris Zaccarelli, Zaccarelli Organizations: Service, Federal Reserve, Investors, Fed, Morgan Stanley Wealth Management, Independent

☆ 'Inflation is not dead': Consumer prices are still in focus for investors despite the Fed's labor-market pivot
▼ + stars: | 2024-10-05 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

The upcoming inflation report will help determine the Fed's next move. Friday's surprisingly strong jobs data has slashed bets of a half-point rate cut. AdvertisementBut with September's jobs report crushing expectations, concerns may have been premature. AdvertisementHow inflation data could compound these forecasts will be known on Thursday, when the CPI report comes out. Still, with inflation still slightly above the central bank's 2% target , some analysts are cautioning investors not to forget about price pressures.

Persons: Friday's, —, it's, they're, Mohamed El, Erian, Brian Rose, Seema Shah Organizations: UBS, Service, US, Bloomberg, CPI, Fed, Bank of America, Barclays

Week 5 of the NFL season is here and we have a full slate of intriguing storylines to follow, led by a pair of players facing former teams. While Rodgers has the accolades, Minnesota's Sam Darnold has been the better quarterback so far this season. Cardinals (1-3) at 49ers (2-2)The 49ers’ offense has been banged up, but it rebounded last week in a win over New England. An NFL All-Pro four consecutive years while in Buffalo, Diggs is averaging a career-low 9.3 yards per catch in Houston. That’s not a good sign for a defense that has allowed 26.0 points per game, the fifth-highest average.

Persons: Sam Darnold, Stefon Diggs, Josh Allen, Aaron Rodgers, Rodgers, Minnesota's Sam Darnold, Jayden Daniels, Tyler Huntley, Jacoby Brissett, Jordan Love, that’s, Chiefs haven’t, Rashee Rice, Isiah Pacheco, —, Stefon, Texans ’ wideout, Diggs, C.J ., Nico Collins, It’s, Anthony Richardson, Richardson, Jonathan Taylor, Trevor Lawrence, Bryce Young, Caleb Williams, Davante Adams, Maxx Crosby, Adams, Gardner, Jakobi Meyers, Bo Nix, Nix, Geno Smith, Smith, Daniel Jones, Jones, Malik Nabers, Justin Fields, Russell Wilson, Wilson, Dallas ’, DeMarcus Lawrence, Micah Parsons Organizations: NFL, Minnesota, Vikings, Jets, Bills, Texans, Monday . Jets, NFC, York, Patriots, Broncos, Browns, Bengals, Cardinals, Washington . Dolphins, Dolphins, Pats, Ravens, AFC North, 49ers, New, NFC West . Packers, Rams, Packers, Chiefs, Saints, Kansas City, Colts, Jaguars, Indianapolis, Bears, Panthers, Raiders, Denver, Giants, Seahawks, Seattle, Detroit, Cowboys, Steelers, Pittsburgh, Dallas Locations: London, Baltimore, Cincinnati, New England, Orleans, Buffalo, Houston, C.J . Stroud , Houston, Jacksonville, Indianapolis, Carolina

QuarterbacksAnthony Richardson, Indianapolis ColtsStatus: Questionable vs. JaguarsRichardson left Sunday's win against Pittsburgh with an oblique strain. Joe Mixon, Houston TexansStatus: Questionable vs. BillsAnother Houston running back could also be out vs. Buffalo this weekend. Travis Etienne, Jacksonville JaguarsStatus: Questionable vs. ColtsEtienne has been limited at practice this week with a shoulder injury he sustained in Week 4. Tank Dell, Houston TexansStatus: Questionable vs. BillsDell is battling a chest injury but has been a limited participant all week. Taysom Hill, New Orleans SaintsStatus: Questionable vs. ChiefsHill, New Orleans' do-everything "tight end," has fractures to his ribs, according to head coach Dennis Allen.

Persons: We’re, Anthony Richardson, Jonathan Taylor, Christian Watson, Jaguars Richardson, He's, Russell Wilson, Cowboys Wilson, Justin Fields, Alvin Kamara, Chiefs Kamara, Devin Singletary, Singletary, Kenneth Walker III, Giants Walker, Austin Ekeler, Brian Robinson, Browns Robinson, Dameon Pierce, Bills Pierce, Joe Mixon, Mixon, Pierce, Cam Akers, Travis Etienne, Colts Etienne, Watson, Rams Watson, Tank Dell, Davante Adams, Malik Nabers, Seahawks Nabers, Trey McBride, 49ers McBride, Jonathan Gannon, McBride, David Njoku, Njoku, Evan Ingram, Colts Ingram, Dennis Allen Organizations: NFL, Colts, Steelers, Packers, Vikings, Indianapolis, Jaguars, Sunday's, Pittsburgh, Pittsburgh Steelers, Cowboys, Alvin Kamara , New, Alvin Kamara , New Orleans Saints, Chiefs, Monday, Devin Singletary , New York Giants, Seahawks, Giants, ESPN, Seattle, Seattle Seahawks, Browns, Cincinnati, Cleveland, Houston Texans, Bills, Houston, NFL Network, Jacksonville Jaguars, Green Bay Packers, Rams, Bills Dell, Buffalo, Las Vegas Raiders, Broncos Adams, Denver, Malik Nabers , New York Giants, Arizona Cardinals, 49ers, Cleveland Browns, Jacksonville, , New Orleans Saints Locations: Alvin Kamara ,, Alvin Kamara , New Orleans, Devin Singletary ,, Washington, Buffalo, Los Angeles, Las Vegas, Malik Nabers ,, Arizona, , New Orleans, Chiefs Hill , New Orleans

Federal Reserve Chair Jerome Powell speaks during a news conference on September 18 in Washington, DC. Anna Moneymaker/Getty ImagesThe Federal Reserve’s recent half-point cut will take some time to work through the system, Noah Yosif, chief economist and head of research at the American Staffing Association, told CNN. “Just because the Federal Reserve votes to decrease interest rates in September does not mean that employers are going to see lower costs in October,” he said, adding that it could take three to six months to filter through to businesses. More rate cuts are expected for later this year, but the extent will depend on the health of the labor market, and that outlook could be quite murky due to impact from the strikes and Hurricane Helene. Fed officials, who are scheduled to make the central bank’s next interest rate decision just days after the October jobs report lands, will do their best to look through the noise and what are likely idiosyncratic factors, said Ryan Sweet at Oxford Economics.

Persons: Jerome Powell, Anna Moneymaker, Noah Yosif, “, ”, Helene, Ryan Sweet, Ejindu Ume Organizations: American Staffing Association, CNN, Federal Reserve, Oxford Economics, Miami University in Locations: Washington , DC, Miami University in Ohio

Friday’s jobs report is expected to show another relatively healthy month of payroll gains, alongside a stable unemployment rate. At the moment, there is little light at the end of the tunnel for those job seekers. The unemployment rate was expected to be unchanged from August, at 4.2%. While the economy continues to add jobs at a steady clip, signs of ongoing labor market weakness have become unmistakable. Last week, the Conference Board’s closely watched consumer confidence survey fell by the largest amount since August 2021, driven largely by concerns about the labor market.

Persons: Dana M, Peterson, Guy Berger, ” Berger, Berger, precariousness Organizations: Labor Statistics, Conference, Conference Board, Glass, Federal Reserve Locations: U.S

☆ A home on a private island paradise in Belize could be yours – for $4.5 million
▼ + stars: | 2024-10-04 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

Four Seasons Hotel & Resorts is set to turn Caye Chapel – a private island off the coast of Belize, in Central America – into a luxury club community with residences, estates, a five-star hotel and a championship golf course. Caye Chapel, shown here in a rendering, is targeting prospective homeowners with deep pockets. Included is access to a beachfront championship golf course designed by former world No. A nearby practice range can be converted to a par-three golf course in afternoons and evenings. It will not be the first golf course to have been built on the island.

Persons: Greg Norman, Larry Addington, Max Adler, Addington, Thor Urbana, Philip S, Johnny Briceño, ” Organizations: CNN, Resorts, Central America –, and Marine Reserve, Ocean, Belize Tourism, Goldson, Central America Locations: Belize, Central, Belize City, Kentucky, Mexican, Mexico, Thor, GFA, Neighboring Mexico, Costa Rica

☆ Ferguson: This number is one of several that will be important.
▼ + stars: | 2024-10-04 | 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 EmailFerguson: This number is one of several that will be important. Former Federal Reserve Vice Chair Roger Ferguson underscores the importance of the upcoming jobs report for potential rate cuts, noting that it's one of many factors the Fed will consider.

Persons: Ferguson, Roger Ferguson Organizations: Former Federal

☆ 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

☆ There's a simple reason one of Wall Street's most bullish strategists expects a 40% rise in the S&P 500 by 2030
▼ + stars: | 2024-10-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Ed Yardeni predicts the S&P 500 could reach 8,000 by 2030. AdvertisementThere's a simple reason one of the most bullish Wall Street strategists expects the stock market to continue rising in the years ahead: compound interest. At a compounded annual growth rate of between 6% and 7%, the S&P 500 is on track to hit 8,000 by 2030, representing potential upside of about 40% from current levels. "The S&P 500 stock price index is driven by its earnings per share (EPS), which has been growing mostly between 6% and 7% since the 1950s," Yardeni said. He added: "EPS could double to $400 by the end of the decade in our Roaring 2020s scenario," Yardeni said.

Persons: Ed Yardeni, —, it's, Yardeni Organizations: Service, Yardeni, Federal Reserve

☆ CNBC Daily Open: October’s gravity bringing stocks down
▼ + stars: | 2024-10-04 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Michael M. Santiago | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. But gravity is catching up with stocks in October, which tends to be a volatile month. If the number of jobs added comes in higher than expected, markets are likely to react well. With the jobs report out in about 12 hours, it's too late for second guessing, in any case.

Persons: Michael M, Dow Jones, David Kelly, Kelly, it's, –, Jeff Cox, Alex Harring, Pia Singh Organizations: New York Stock Exchange, Santiago, CNBC, Dow Jones Industrial, Nasdaq, Nvidia, Dow, U.S . Federal Reserve, Asset Management Locations: New York City

☆ Nothing does more damage than higher oil prices, warns Moody's
▼ + stars: | 2024-10-04 | 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 EmailNothing does more damage than higher oil prices, warns Moody'sMark Zandi, Chief Economist at Moody's Analytics, says a surge in oil prices driven by tensions in the Middle East could pose a serious threat to the US & global economy, presenting a real conundrum to the Federal Reserve.

Persons: Moody's Mark Zandi Organizations: Federal Reserve

☆ Short ideas: Here are the stocks JPMorgan is betting against in the fourth quarter
▼ + stars: | 2024-10-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Despite the major indexes trading near their all-time highs, there are still plenty of stocks that JPMorgan is bearish on in the coming quarter. Against this backdrop, JPMorgan surveyed its analysts for their top short ideas, or stocks that might underperform going into the fourth quarter. Shares have risen 9% in 2024, leading to what JPMorgan analyst Michael Rehaut believes is an expensive valuation. JPMorgan analyst Kenneth Goldman also has an underweight rating on Beyond Meat . "Plant-based meat continues to struggle as the fad fades," the analyst wrote.

Persons: Stocks, Stanley Black, Decker, Michael Rehaut, Kenneth Goldman, Stephen Tusa, Mark Strouse Organizations: JPMorgan, Federal, Traders, Rockwell Automation, ROK, FuelCell Energy Locations: —, underinvestment

☆ Russia can rely on China for the yuan, but China can't rely on anyone else
▼ + stars: | 2024-10-04 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Western sanctions have forced Russia to rely on the Chinese yuan for reserves and trade. China's financial system is deeply tied to the greenback, limiting diversification options. These include the entrenched role of the greenback in the global commodities trade and much larger foreign reserves than Russia, wrote Greene, a former senior advisor at the US Treasury. However, many CIPS participants are highly connected to the dollar financial system and potentially subject to the reach of US sanctions. The dollar is still kingIn short, China just can't copy Russia's sanctions-proofing playbook and is likely to continue orbiting around the dollar financial system in the near-term.

Persons: —, China —, Robert Greene, Greene, China's, It's, dollarization, James Lord, Morgan Stanley's, Michael Zezas Organizations: Service, Carnegie Endowment Asia, US Treasury, Patomak Global Partners, Federal Reserve Bank of Boston Locations: Russia, China, Beijing, Russia's, Ukraine

☆ Mortgage rates spike after stronger-than-expected jobs report
▼ + stars: | 2024-10-04 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

The average rate on the 30-year-fixed mortgage jumped 27 basis points Friday morning following the release of the government's monthly employment report. Mortgage rates do not follow the Fed, but they loosely follow the yield on the 10-year U.S. Treasury. For mortgage rates, it is all about what the expectation is next for the Fed. "MBA's forecast is for longer-term rates, including mortgage rates, to remain within a relatively narrow range over the next year," Mortgage Bankers Association's chief economist Michael Fratantoni wrote after the jobs report was released. "This news will push mortgage rates to the top of that range, but we do expect that mortgage rates will stay close to 6% over the next 12 months."

Persons: Matthew Graham, Michael Fratantoni Organizations: Mortgage News, Federal Reserve, Treasury, Mortgage, Association's

☆ Jim Cramer's week ahead: CPI data and earnings from Delta, Domino's and major banks
▼ + stars: | 2024-10-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

CNBC's Jim Cramer reviewed next week's top market-moving action, highlighting new consumer price index data and a slew of earnings reports as the season begins, including ones from Delta , Domino's and several major banks. The labor department will release September's CPI report on Thursday, and Cramer said investors who want a rate cut are hoping for a cool number. Friday brings the producer price index report, and like the CPI, this data will be a metric for the Fed's next decision, Cramer said. Big ticket financial earnings will also come out that day, including Wells Fargo , JPMorgan and Blackrock . He said banks represent the least expensive group on the market, and investors should use any weakness to buy them.

Persons: CNBC's Jim Cramer, Cramer, he's, Delta, Tesla Organizations: Wall, PepsiCo, General Motors, Federal, Big Tech, AMD, HP Enterprise, Big, JPMorgan, Blackrock Locations: Delta, Domino's, Wells Fargo

☆ Stock market today: US stocks jump after blowout September jobs report
▼ + stars: | 2024-10-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks surged after the September jobs report exceeded expectations with 254,000 jobs added. Wage growth saw a resurgence, with average hourly earnings rising 0.4% month-over-month. AdvertisementUS stocks surged on Friday after the September jobs report blew past economist estimates. The chances of a 50 basis point cut plunged to 10% after the jobs report was released, compared to 53% last week, according to the CME FedWatch Tool. Another strong aspect of the jobs report was wage gains, according to Capital Economics.

Persons: —, James Knightley, Knightley, Paul Ashworth Organizations: Service, ING, Federal Reserve, Capital Economics

☆ Middle-class wages aren't keeping up. Some economists say policy is suppressing pay growth
▼ + stars: | 2024-10-04 | by ( Juhohn Lee | ) www.cnbc.com time to read: +1 min

Between 1979 and 2024, productivity in the U.S. soared by 80.9%, while hourly pay grew by just 29.4%, according to research by the Economic Policy Institute. But more recently, some economists have suggested that deliberate policy decisions have actively suppressed workers' wage growth. According to the Federal Reserve Bank of San Francisco, the natural rate of unemployment has hovered between 4.5% and 5.5% throughout history. But since 1979, the U.S. has spent far more time with actual unemployment well above that estimated natural rate. Watch the video above to find out how middle-class wages are being suppressed.

Persons: Josh Bivens Organizations: Economic, Institute, Federal Reserve Bank of San Locations: U.S, Federal Reserve Bank of San Francisco

☆ There's an upside to endless rounds of job interviews
▼ + stars: | 2024-10-04 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

Job seekers who are patient can learn something about their prospective employer, an exec told BI. But lately, the slogging has grown more intense as some employers tack interview after interview onto the hiring process. It can be maddening for job seekers forced to sit through rounds of interviews that might stretch into the double digits. That means some employers put job seekers through more rounds than an NFL draft. Having a boatload of interviews gives job seekers more chances to determine whether an employer is a good fit for them.

Persons: —, Mary Olson, Menzel, Adam Stafford, Stafford, Olson, who've, they've, they're Organizations: Service, Development, Federal, Employers

☆ The Fed will have to cut 'more and sooner' than the dot plot has suggested: Strategist
▼ + stars: | 2024-10-04 | 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 EmailThe Fed will have to cut 'more and sooner' than the dot plot has suggested: StrategistVishnu Varathan, head of economics and strategy at Mizuho Bank, says "we're not sold on 50 basis points all the way through for this year, even though I think the [U.S. Federal Reserve] will have to cut more and sooner than the dot plot has suggested."

Persons: Vishnu Varathan, we're Organizations: Mizuho Bank, U.S . Federal

☆ The September jobs report dashed hopes for another jumbo rate cut next month
▼ + stars: | 2024-10-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

AdvertisementThe September jobs report offered good news all around — except to those expecting a second straight jumbo 50-basis-point rate cut from the Federal Reserve next month. In addition, the unemployment rate unexpectedly fell to 4.1%, bucking estimates that it would stay unchanged at 4.2%. Analysts agree that September's blowout job numbers make an aggressive interest rate cut harder to justify. Advertisement"Did the Fed even need to cut rates in September, let alone cut by 50 basis points?" Late last month, the bank predicted that investors would take on more risk if the unemployment rate hit 4.1% and if payrolls reached above 150,000.

Persons: —, Seema Shah, Glen Smith, Morgan Stanley, payrolls, Smith Organizations: Service, Federal Reserve, Asset Management, GDS Wealth Management, Federal

☆ U.S. economic comeback has been one of the most remarkable in modern history, says NUL's Marc Morial
▼ + stars: | 2024-10-04 | 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 EmailU.S. economic comeback has been one of the most remarkable in modern history, says NUL's Marc MorialMarc Morial, National Urban League president and CEO, joins 'Money Movers' to discuss the Federal Reserve's decision to cut interest rates by 50 basis points, what you can attribute the economy's strength to, and much more.

Persons: NUL's Marc Morial Marc Morial Organizations: National Urban League

☆ Evercore's Roger Altman: Hard for equities to move up materially because they're already so high
▼ + stars: | 2024-10-04 | 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 EmailEvercore's Roger Altman: Hard for equities to move up materially because they're already so highRoger Altman, Evercore founder and senior chairman, joins 'Closing Bell' to discuss Altman's takeaway from Friday's market action, why the Federal Reserve cut rates by 50 bps, and the senior chairman's investing stance on equity markets.

Persons: Roger Altman Organizations: Evercore, Federal

☆ The Economy Looks Strong After the Latest Jobs Report
▼ + stars: | 2024-10-04 | by ( Matthew Cullen | More About Matthew Cullen | ) www.nytimes.com time to read: +1 min

The American labor market, which for months has worried even some optimistic economists, looked in remarkably good shape today after the government released a new employment report. The robust jobs numbers align with other strong economic data to paint a portrait of a solid economy. The fresh data is good news for the Federal Reserve, the White House and Kamala Harris. The vice president has been trying to argue that she and President Biden deftly led the economy through the challenges of the pandemic. In related news, a surge in pandemic era start-ups has helped drive job growth, and could have longer-term benefits.

Persons: Kamala Harris, Biden Organizations: Employers, Federal Reserve, White

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