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Transportation Secretary Pete Buttigieg spoke directly to Elon Musk Friday on the billionaire's X platform, part of an effort to counter false conspiracies about federal disaster aid for victims of Hurricane Helene that Musk spread on X, where his follower count stands over 200 million. "No one is shutting down the airspace and FAA doesn't block legitimate rescue and recovery flights," wrote Buttigieg. Buttigieg was replying to a post from Musk that falsely claimed the Federal Aviation Administration was shutting down airspace in the disaster zone and "throttling" flights transporting supplies. An FAA spokesperson told CNBC, "There are no airspace restrictions in place in North Carolina as rescue efforts continue because of Hurricane Helene. Musk frequently uses X to provoke -- but in lashing out at FEMA on Friday, he escalated his battle with the U.S. government.
Persons: Pete Buttigieg, Elon Musk, Hurricane Helene, Musk, Buttigieg, Helene, Donald Trump, Trump, Musk's, SpaceX's, Tesla, DisasterAssistance.gov Organizations: Elon, FAA, Federal Aviation Administration, CNBC, FEMA, Federal Emergency Management Agency, Republican, Musk's SpaceX, U.S ., Environmental Protection Agency, penalizing SpaceX, SpaceX, Apple Locations: Hurricane, North Carolina, Asheville, Rutherford
The widening conflict in the Middle East threatens to crimp growth and stoke inflation, experts say. AdvertisementExperts say the escalating war in the Middle East could choke global economic growth and reignite inflation, just as the US is dealing with the aftermath of Hurricane Helene, and China is trying to stabilize its beleaguered economy. "War in the Middle East could exacerbate the instabilities in the global economy, further increase the uncertainties, harm disinflationary efforts, and eventually reduce the global GDP growth," he told Business Insider. AdvertisementKaya warned the conflict could accelerate inflation by disrupting international supply chains and causing the cost of energy and shipping to rise. But he emphasized that hurricanes have historically had limited and short-lived impacts on growth and inflation.
Persons: Helene, , Hurricane Helene, Ahmet Kaya, Kaya, Brent, Assaf Razin, Eitan Berglas, Oliver Allen, Allen, that's, Duncan Wrigley, China's, Wrigley Organizations: stoke, Service, UK's National Institute of Economic, Social Research, Eitan, of Economics, Tel Aviv University, Pantheon Macroeconomics, Oxford Locations: Hurricane, China, Israel, Iran, Oxford, China China, Beijing
The Summary Flooding in North Carolina following Hurricane Helene has led to swarms of yellow jackets. Severe flooding in western North Carolina as a result of Hurricane Helene has stirred up colonies of yellow jackets, raising the risk of stings. North Carolina health officials said they have bought large amounts of Benadryl and EpiPens to address the problem. Tarren Pruitt, 42, a registered nurse in West Jefferson, North Carolina, said that since the hurricane, she, too, has noticed yellow jackets wherever she goes. Yellow jackets are generally more aggressive than bees, and they are able to sting people multiple times.
Persons: Hurricane Helene, Chris Hayes, ” Hayes, Tonizzo, Hayes, , , Tarren Pruitt, ” Pruitt, chewable, , they’re, Organizations: North Carolina State University, of Health, Human Services, North Carolina, Pharmacy, National Park Service Locations: North Carolina, Hurricane, North, . North Carolina, NC, Wilkes County, West Jefferson , North Carolina
Hospitals across the U.S. are taking steps to conserve their supplies of IV fluids after Hurricane Helene struck a critical manufacturing plant belonging to the country’s biggest supplier. IV fluids are used to deliver drugs or water with electrolytes directly into a patient’s bloodstream. Follow live updates on the aftermath of Hurricane HeleneThere are four primary manufacturers of IV fluids in the U.S. Baxter is the leader, accounting for about 60% of the market. The company is the main supplier for Mass General Brigham in Boston, which uses more than 100,000 liters of IV fluid from Baxter every month. “Patients are still getting IV fluids when they need them,” Biddinger said.
Persons: Helene, They’re, Baxter, Brigham, Dr, Paul Biddinger, Biddinger, it’s “, ” Biddinger, Organizations: Baxter International, Mass, Gatorade Locations: U.S, , North Carolina, Boston
In the days leading up to Hurricane Helene, Dr. Lisa Kaufmann worked around the clock to make sure her North Carolina hospital system was as prepared as possible, stockpiling supplies like water, food, medication and equipment. Dr. Lisa Kaufmann and staff meet to discuss the current situation at UNC Appalachian Regional Healthcare System. Courtesy Dr. Lisa KaufmannForty-two hospital employees are still unaccounted for, unable to be reached by phone and possibly stuck in places that are inaccessible. Follow live updates on the aftermath of Hurricane Helene“We think most of them are probably OK,” Kaufmann said. Kaufmann said the number of employees unaccounted for at UNC Appalachian was much higher immediately after the storm.
Persons: Hurricane Helene, Lisa Kaufmann, Kaufmann, they’re, Lisa Kaufmann Forty, Helene “, ” Kaufmann, , Hannah Drummond, it’s, we’ve, ” Drummond, Alice Salthouse, ” Salthouse, We’re, Vicky, , she’s, Organizations: UNC Appalachian Regional Healthcare, Mission Health, National Nurses United, UNC Appalachian Locations: Hurricane, North Carolina, Asheville
Then this happened.”Herbert said that as he watched the reports of devastation emerging from western North Carolina, he knew he had to act. Shortly after landing in Concord, Herbert was dispatched on his first Operation Airdrop mission to another hard-hit area, Gatlinburg, Tennessee. "Then I started seeing some of the pictures of the devastation in western North Carolina," he said. Holt said volunteer pilots are not allowed to fly missions at night for safety reasons. "Today what was needed was medical supplies, and we had to scramble when we realized we were short," said Lee, 47, of Cornelius, North Carolina.
Persons: , Carroll, Gerald Herbert, , flushable sani, Herbert, Hurricane Helene, I’ve, ” Herbert, Justin Crossie Ryan Holt, Holt, Carrie Lee, Lee Organizations: , Cessna, , Crackers, The Associated Press, Carolinas, Concord, Concord Walmart Locations: Durham , North Carolina, New Orleans, Concord, Florida, Hurricane, Georgia, North Carolina, Gatlinburg , Tennessee, Gatlinburg, Tenn, Niagara , Wisconsin, Banner, Cornelius , North Carolina
Spruce Pine, North Carolina has no running water or electricity, more than a week after Helene ripped through the town of 2,200. Mines in Spruce Pine produce the world’s purest form of quartz, which plays a central role in chip manufacturing. Now, the town’s exceedingly valuable supply of high-purity quartz is at risk, threatening to cripple the $600 billion global semiconductor industry. “The Spruce Pine community has been hit particularly hard,” Sibelco said in a statement on Sept. 30. For the semiconductor industry, the challenges that any long-term disruption to the Spruce Pine mines would present cannot be overstated, experts say.
Persons: Hurricane Helene, Helene, ” Sibelco, , , Lita Shon, Roy, Spencer Bost, “ it’s, Shon, ” Shon, Dustin Mulvaney, ” Mulvaney Organizations: Mines, Quartz Corp, National Weather Service, Downtown, San Jose State University Locations: Hurricane, Spruce Pine , North Carolina, China, Asia, North Carolina, , Downtown Spruce
The Summary More than 50 heat records were broken in the western U.S. on Wednesday. New daily temperature records set included a high of 108 degrees Fahrenheit in Phoenix and 106 degrees in San Jose, California. The October heat wave is expected to continue into the weekend, with extreme conditions in states including California, Arizona and Nevada. More than 50 new heat records were set on Wednesday, as an extraordinary October heat wave continues to bake much of the western United States. California, too, notched several new daily heat records, per the National Weather Service.
Persons: Hurricane Helene Organizations: National Weather Service, NWS Locations: U.S, Phoenix, San Jose , California, California , Arizona, Nevada, United States, Yuma , Arizona, . California, San Jose, Napa, California, Colorado, San Fernando Valley, Santa Clarita Valley, Arizona, Florida, Hurricane, Tampa, Fort Myers, St . Petersburg
Former NASCAR driver Greg Biffle has been using a private helicopter to deliver supplies to stranded victims of Hurricane Helene in parts of western North Carolina. The NASCAR Hall of Fame nominee and pilot is documenting the supply runs on X, where commenters are praising him for his efforts. The NASCAR star has also alerted family members of stranded hurricane victims that their loved ones are alright. When one X user asked how she could connect Biffle to those in need of his assistance, Biffle responded, "Coordinates please." He started 515 NASCAR Cup Series races throughout his career with 19 wins and was the first driver to win championships in both the Xfinity Series and the Truck Series.
Persons: Greg Biffle, Hurricane Helene, Biffle, Biff Organizations: NASCAR, NASCAR Hall of Fame, Biffle, Power Locations: Hurricane, North Carolina
The National Hurricane Center is monitoring two more tropical cyclones growing stronger in the Atlantic on Thursday. Hurricane Kirk and Tropical Storm Leslie currently pose no direct threat to land, but threaten to bring more rain to regions already reeling in the aftermath of Hurricane Helene. The NHC classifies this system as a major hurricane, with maximum sustained winds of 125 miles per hour and a minimum central pressure of 948 millibars. It’s currently located 515 miles southwest of the southernmost Cape Verde Islands, but there are no hazards affecting land at this time. Heavy rainfall from this system is not currently expected to affect parts of North Carolina, South Carolina and Georgia that were hard-hit by Helene.
Persons: Hurricane Kirk, Tropical Storm Leslie, Hurricane Helene, Kirk, Leslie, millibars, Helene Organizations: National Hurricane Center, Tropical, NHC, Northern, Greater Locations: Hurricane, It’s, Northern Leeward, Leeward Islands, Bermuda, U.S, East, Cape Verde Islands, Gulf of Mexico, Gulf Coast, Florida, North Carolina, South Carolina, Georgia
A new court filing from special counsel Jack Smith argues Donald Trump acted as a private citizen when he sought to overturn the 2020 election. It includes new details about Trump’s actions after the 2020 election and leading up to the Jan. 6 riot at the U.S. Capitol, including testimony detailing Trump’s conversations with former Vice President Mike Pence. Trump campaign spokesperson Steven Cheung blasted the “falsehood-ridden” filing and declared the case a “partisan, Unconstitutional Witch Hunt.”Read the full story here. Liz Cheney, a former Republican congresswoman and daughter of a former Republican vice president, will campaign with Vice President Kamala Harris today in the Wisconsin city considered the birthplace of the Republican Party. 2025 ambitions: Republicans in Congress are already looking ahead at what they could accomplish if Donald Trump wins the 2024 election.
Persons: Jack Smith, Donald Trump, Hurricane Helene, Here’s, Trump ‘, , , Mike Pence, Pence, Trump, Steven Cheung, Witch Hunt, Helene Swannanoa Deon Hampton, Deon Hampton, Beverly Eller, Stewart Cody, Helene, Elon Musk’s, Joe Biden, Sen, JD Vance, Liz Cheney, Kamala Harris, Tom Cotton of, Charisse, Lane, — Michelle Garcia, Elizabeth Robinson Organizations: NBC News, U.S . Capitol, Getty, country’s Ministry of Health, Beirut . One U.S, NBC, Staff, Mission, Republican, Republican Party, Affordable, Trump, GOP, College Republicans, Florida, M University Locations: Beirut, United States, Israel, Iran, Lebanon, AFP, Bachoura, Beirut . One, Lebanese, North Carolina, Hurricane, Florida, Georgia, Tennessee, Swannanoa , North Carolina, Asheville, Michigan, Wisconsin, Tom Cotton of Arkansas
Fact-Checking JD Vance and Tim Walz
  + stars: | 2024-10-03 | by ( Linda Qiu | Gabriel Blanco | Claire Hogan | ) www.nytimes.com   time to read: 1 min
2:13Hurricane Helene Leaves Trail of Destruction in North CarolinaNOW PLAYINGFact-Checking JD Vance and Tim Walz2:28Vance and Walz Spar Over Key Policy Issues2:28Why Georgia’s Election Board Is Being Sued3:04The Border in the Campaign and in Real Life2:59Who Was Hassan Nasrallah, Leader of Hezbollah? 1:49How to Understand Election Polls2:26Why Hurricane Helene Was So Strong3:39Iconic New York City Novels2:41What Our Reporter Saw After Days of Destruction Across Lebanon2:52What Threats Mean for Trump’s Campaign2:52
Persons: Helene, Vance, Tim Walz, Walz, Hassan Nasrallah Organizations: York Locations: North Carolina, Georgia’s, Lebanon
Only about 2% of residences in the 100 counties hit hardest by Hurricane Helene-related power outages were protected by flood insurance, according to an NBC News analysis of Census Bureau data, PowerOutage.us data and National Flood Insurance Program policy data that the insurance company Neptune Flood collected. While many coastal counties have larger shares of residences with flood insurance, coverage in inland counties is rare. Less than 1% of the North Carolina counties hardest hit by Helene were covered — and in South Carolina, it was even less, 0.3%. The NFIP, managed by the Federal Emergency Management Agency, is the country’s leading provider of flood insurance, accounting for more than 95% of the flood insurance policies nationwide. 2 is confusion, that they believe that their homeowners insurance covers the risk of flooding when it does not.
Persons: it’s, Hurricane Helene, Helene, , Trevor Burgess, Neptune Flood, ” Burgess, Burgess, Organizations: NBC, National Flood Insurance, Neptune, Federal Emergency Management Agency, FEMA Locations: North Carolina, South Carolina, St . Petersburg , Florida, Florida , Georgia, South Carolina , Tennessee, Virginia
Facing what could be months without a steady water supply, the only solution for Mission Hospital was to dig a well. Access to clean water was also wiped out. Port-a-potties outside of Mission Hospital. People visiting patients at Mission Hospital seemed satisfied with the care provided. Another Mission Hospital visitor who did not want to be named said the facility had people from multiple departments working together.
Persons: Helene, , Hannah Drummond, Drummond, Minyvonne Burke, “ It’s, ” Drummond, Helene “, , Stirling Barlow “ It’s, Mark Thompson Organizations: Mission, National Nurses United, Mission Hospital, NBC, Food, , NBC News, Healthcare, “ Staff Locations: Asheville, North Carolina, Asheville , North Carolina
CNN —September’s jobs report, due out Friday morning, is expected to show that the US labor market has slowed somewhat but remains on solid footing. While September’s employment data is expected to stay relatively tame, the same can’t be said for the October jobs report, which is set to be released on November 1, just days before the presidential election. The strikes and hurricane-related effects “are not going to permanently alter the trajectory of the labor market; but September is probably our last clean reading on the labor market for a while,” Ryan Sweet, chief US economist at Oxford Economics, told CNN earlier this week. The August jobs report, which showed better-than-expected estimated 142,000 payroll gains and a drop in the unemployment rate, went a long way to quell those fears. It showed that the jobs market is in “stasis,” Wells Fargo economists wrote in a note issued Tuesday.
Persons: bode, Lydia Boussour, ” Ryan Sweet, Helene, , Erica Groshen, They’ve, , Andrew Challenger, Wells, Noah Yosif, ’ Sweet, Ejindu Ume, “ We’re, ” Ume Organizations: CNN, Federal Reserve, Boeing, Gulf Coasts, Oxford Economics, of Labor Statistics, Cornell University School of Industrial and Labor Relations, Employers, Challenger, Labor Department, Pantheon, Labor, BLS, , American Staffing Association, Oxford, Miami University in Locations: EY, Hurricane, East, Gulf, Miami University in Ohio
The first four trees fell onto the Jones family’s house just over where the boys were lying in the living room. “There are a lot of elderly people on this street.”About 47% of the county is still without power, which is not expected to be restored until this weekend, according to Georgia Power. Foster said she is running an extension cord from her home through the yard to a neighbor’s house so they can have power at night. For their part, the Jones family are considering their options when it comes to rebuilding their home and their lives. “It rained the next night, and they were terrified,” Kristin Jones said.
Persons: Augusta, Augusta CNN — Cooper, Witten Jones, Helene, Kristin, Sienna, ” Kristin Jones, ” Helene, Jones, Galen Jones, , Kristin Jones, Cooper, Kristin Jones, ’ ” Kristin, , ” Jones, Sunshine, Augusta . Power, there’s, Katie Goodale, ” Galen Jones, Joe Biden, Kamala Harris, Brian Kemp, Hurricane Helene, Evan Grantski, Obed Castillo, Monica Foster’s, ” Foster, Foster Organizations: Augusta CNN, CNN, Augusta Chronicle, USA, Georgia Gov, National Golf Club, Masters, Hurricane, Fund, Grantski Records, El Paso, Georgia Power Locations: Georgia, Augusta, Martinez, Witten, Augusta ., Augusta , Ga, El, , Martinez , Georgia
The Biden administration’s response to the hurricane has received bipartisan praise from political leaders in affected states. But Trump’s assertion that reviews for the Biden administration’s handling of the crisis have been entirely negative is not true. And this is just the latest Trump false claim on the subject of the administration’s hurricane response. Brian Kemp hadn’t been able to get Biden on the phone, though Kemp had said the same day that he had already spoken to Biden. Praise from Republican governorsVarious Republican governors in the southeastern states hit by Hurricane Helene have praised the Biden administration’s response, sometimes naming Biden in particular.
Persons: Donald Trump, Hurricane Helene, Joe Biden, Kamala Harris “, Trump, Biden, Brian Kemp hadn’t, Kemp, Trump baselessly, Roy Cooper, Henry McMaster, , Pete Buttigieg, Deanne Criswell, Glenn Youngkin, Bill Lee, Lee, North Carolina Cooper, Cooper, “ We’re, ” Cooper, Harris, Esther Manheimer, Organizations: Washington CNN, Biden, Georgia Gov, Democratic, Republican South Carolina Gov, Transportation, McMaster, Federal Emergency Management Agency, Republican Virginia Gov, FEMA, Republican Tennessee Gov, North, MSNBC Locations: Hurricane, North Carolina, Carolina, Asheville
New York CNN —With barely a month to go before the US presidential election, a trifecta of economic shocks is threatening to sap Vice President Kamala Harris’ momentum on voters’ No. 1 issue: a port strike, a hurricane and an escalation of fighting in the Middle East. Price pain could crop up elsewhere if the East Coast port strike, which began Tuesday, drags on longer than a week. “If the Boeing strike and the port strike … last through the second week of October, job growth for October could be negative,” researchers at Oxford Economics wrote Wednesday. A negative jobs report hasn’t been seen in this country since December 2020, the last full month of the Trump administration.
Persons: CNN Business ’, Kamala Harris, Donald Trump hasn’t, , , Harris, Emily Elconin, Harris ’, Price, Biden, Hurricane Helene, Moody’s, Helene, hasn’t, Trump, Organizations: CNN Business, New York CNN, Republican, Democratic, Bloomberg, Getty, Boeing, Biden, Oxford Economics Locations: New York, Georgia, East, Maine, Texas, Carolinas, Florida, Tennessee
An aerial picture taken on September 28, 2024, shows storm damage in the aftermath of Hurricane Helene in Valdosta, Georgia. The devastation wrought by Hurricane Helene across the southeastern United States could cost upwards of $34 billion, according to early estimates from Moody's Analytics. The Moody's report, released as Helene was making landfall last week, estimated that property damage could cost between $15 billion to $26 billion. And the resulting economic slowdown could cost $5 billion to $8 billion in productivity losses. Only about 6% of U.S. homeowners have flood insurance through either a private company or the congressionally funded National Flood Insurance Program, despite 90% of natural disasters involving flooding, he said.
Persons: Hurricane Helene, Helene, Mark Zandi, Zandi, Mark Friedlander, Friedlander, Joe Biden, Wiley Nickel, Florida Republican Sen, Rick Scott, Mark Amodei Organizations: Moody's, CNBC, Insurance, Flood Insurance, Federal Emergency Management Agency, FEMA, Disaster Relief Fund, Capitol, Florida Republican Locations: Hurricane, Valdosta , Georgia, United States, Florida , Georgia, North Carolina, South Carolina, Virginia, Tennessee, Appalachia, Washington
CNN —In the wake of Hurricane Helene’s destruction, Augusta National Golf Club – the home of renowned major golf tournament, the Masters – has pledged a massive donation to help those in need in and around the Augusta area. The famed golf club in Augusta, Georgia, and the Community Foundation for the Central Savannah River Area (CSRA) promised a joint $5 million contribution to the Hurricane Helene Community Crisis Fund on Thursday. “Our employees, neighbors, friends and business owners need, and deserve, immediate and meaningful assistance to overcome the hardships being experienced at this moment throughout Augusta,” chairman of Augusta National Golf Club Fred Ridley stated Thursday. “Augusta National and the Community Foundation each take to heart our obligation to care for our community. A week after Helene smashed into the Southeast, more than 200 people are dead across six states, making the hurricane the second-deadliest to hit the United States mainland since Hurricane Katrina in 2005.
Persons: , Hurricane Helene, , Augusta National Golf Club Fred Ridley, ” Riley, Helene Organizations: CNN, National Golf, Community Foundation, Hurricane, Augusta National Golf Club, Cross, National Locations: Augusta, Augusta , Georgia, Savannah, United States
A van flows in floodwaters in the aftermath of Hurricane Helene on Sept. 28 in Asheville, North Carolina. States affected by Hurricane Helene are warning residents to watch for the risks of scams in the aftermath of the storm, including price gouging. Price gouging happens when there is an excessive increase in prices charged for goods and services, and it often happens during emergencies or disasters. Normal price fluctuations are not price gouging, South Carolina Attorney General Alan Wilson said in a recent announcement. The terms of established price gouging protections vary from state to state.
Persons: Hurricane Helene, Josh Stein, Stein, there's, Helene, Tennessee —, Alan Wilson, Teresa Murray, Murray, Price Organizations: North Carolina, CNBC, Finance, Port, South Carolina, . Public Interest Research Locations: Hurricane, Asheville , North Carolina, States, Florida , Georgia, South Carolina, Tennessee
Many of those deaths are in North Carolina, where the storm’s hallmark was prolific rainfall and historic and catastrophic flooding. A view from Chimney Rock, North Carolina, before Hurricane Helene. — NearMap Chimney Rock, North Carolina, before and after Hurricane Helene. NearMapSuch was the case in Chimney Rock, North Carolina, which borders the Broad River. NearMap NearMap A North Carolina building was wiped away by a surging waterway in the wake of Helene.
Persons: Hurricane Helene, NearMap, , Peter O’Leary, ” O’Leary, Helene, Mother Nature Organizations: CNN, National Weather Service Locations: North Carolina, Rock , North Carolina, , North Carolina, Asheville
They were dressed supposedly in clothes from Brooks Brothers rather than whatever people in Miami might have been wearing at the time. Recalling the Brooks Brothers riotIt’s worth focusing in on the Brooks Brothers riot of 2000 and comparing it with the request for a Detroit riot in 2020. Comparisons between what the Trump campaign tried in 2020 and what the George W. Bush campaign did in 2000 are not new. Heye should know, since he was part of the Brooks Brothers riot. “Shouldn’t that remain the standard regardless of who the candidates are?”The outrage modelOthers have a dimmer view of the Brooks Brothers riot.
Persons: Donald Trump, Trump, , Jack Smith, Brooks, Eric Seals, Imagn Smith, Trump Smith, Tanya Chutkan, Obama, Smith, George W, Bush, Douglas Heye, Heye, ” Heye, , Hurricane Helene, , Julian Zelizer, ” Zelizer, Joan Biskupic, – John Roberts, Brett Kavanaugh, Amy Coney Barrett – Organizations: CNN, Trump, Republican, TCF Center, Detroit Free Press, USA, FBI, Capitol, Brooks, Republicans, Washington Post, Princeton University, GOP, US Locations: Detroit, Washington , DC, Miami, Dade, Florida, Washington, Hurricane, North Carolina, Reading
AdvertisementCargo vessels (green dots) and tankers (red dots) at anchor outside Eastern US ports. AdvertisementCargo vessels (green dots) and tankers (red dots) along the Mid-Atlantic. Cargo vessels (green dots) and tankers (red dots) along the Gulf Coast. Cargo vessels (green dots) and tankers (red dots) outside Savannah, Georgia, and Charleston, South Carolina. Cargo vessels (green dots) and tankers (red dots) outside Norfolk, Virginia.
Persons: , Andrew Coggins, Coggins, MarineTraffic.com Burt Flickinger, MarineTraffic.com, Brandon Daniels, Daniels, Taft, Hartley, Hurricane Helene Organizations: Industry, Service, International Longshoreman's Association, Reuters, Pace University, MarineTraffic.com, Strategic Resource, ILA, US Marine Alliance Locations: East, Gulf Coast, New York, Virginia Beach, Savannah, Miami , New Orleans, Houston, Gulf, Western, Savannah , Georgia, Charleston , South Carolina, Norfolk , Virginia, Hurricane
"The jobs market is slowing down and becoming less tight," said Katie Nixon, chief investment officer at Northern Trust Wealth Management. Then there are the monthly revisions that have been dramatic at times, causing the Labor Department to overcount hiring by more than 800,000 for the 12-month period through March 2024, adding uncertainty to jobs market analysis. The Bureau of Labor Statistics will release the report at 8:30 a.m. Looking for cluesStill, markets will in fact be watching the report closely. At the same meeting where they approved the reduction, policymakers indicated another half percentage point, or 50 basis points, in cuts before the end of 2024 and another full percentage point in 2025.
Persons: Angus Mordant, Nonfarm, Dow Jones, Katie Nixon, We've, there's, David Kelly, Helene —, JPMorgan's Kelly, Kelly Organizations: Bloomberg, Getty, Federal Reserve, Trust Wealth Management, Labor Department, Asset Management, Labor Statistics Locations: Albany, Latham , New York
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