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Sean Rayford/Getty Images Cars move slowly through Matlacha, Florida, on Thursday after Hurricane Milton damaged power lines. Chris Urso/Tampa Bay Times/AP A satellite image captures Hurricane Milton reaching the coast of Florida on Wednesday, October 9. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday. “Many areas in the county have incurred severe property damage because of back-to-back impacts from Hurricane Helene and Hurricane Milton,” Pinellas County Consumer Protection said in a public advisory Thursday.
Persons: Milton, Floridians, , Ron DeSantis, Walt, Aquatica, Connie Gore, Cecelia Smith, Hurricane Milton, Crystal Vander, Miguel J, Rodriguez Carrillo, Robert Turick, Turick, Helene, Rebecca Blackwell, Cristobal Herrera, Julio Cortez, Giorgio Viera, Ricardo Arduengo, Liz Kelly, Matt, Andrew West, Chandan Khanna, Nadia Zomorodian, Austin, Joe Raedle, Sean Rayford, Marta Lavandier, Jefferee Woo, Bryan R, Smith, Chris Urso, Marco Bello, Brandon Marlow, Marie Cook, Bill Ingram, Reuters Stephen Lundgren, Doug Engle, Ron Rook, Paul Hennessy, Saul Martinez, Payton Wyse, Andrew Goncharsky, Christian Burke, Lee, Connor Ferran, Fort Myers, Nicolette Mariano, Kaila Jones, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Hurricane Helene, Yamil Lage, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, ” DeSantis, , ” Crews, Melissa Seixas, CNN’s Kate Bolduan, Joe Biden, Deanne Criswell, ” Criswell, Hurricane, it’s, CNN’s Andy Rose Organizations: CNN, St, Daytona, Tampa International, Sarasota Bradenton International, Coast Guard, Walt Disney, SeaWorld, USA, AFP, Getty, AP, Hurricane, Network, Reuters, Bradenton, Tropicana, Major League, Tampa Bay Rays, Celtic Ray Public, Tampa Bay Times, NOAA, Vanguard, School, Ocala, Orlando International Airport, Anadolu, Disney, Fort, Palm Beach Daily, Florida Army National Guard, Tampa General Hospital, NASA, International, Milton, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Duke Energy, Pinellas County Consumer Protection, , Government, FEMA, Cross Locations: Florida, Tampa, Hillsborough, Lithia, Clearwater, Johns, Orlando, Sanibel , Florida, St, Petersburg, Georgia, South Carolina, Aquatica Orlando, Discovery Cove, SeaWorld Orlando, Martin County , Florida, Port St Lucie , Florida, Hurricane, Englewood , Florida, Manasota Key, Hurricane Milton, Venice , Florida, Riverview , Florida, Lakewood Park , Florida, Siesta Key, Punta Gorda , Florida, North Fort Myers , Florida, Siesta, Volusia, South Daytona , Florida, Bradenton Beach, Milton, St . Petersburg, Punta Gorda, Odessa , Florida, Venice, Matlacha , Florida, Palmetto Beach, Bradenton , Florida, St . Petersburg , Florida, AFP, Sarasota , Florida, Segundo, Davis, Fort Myers , Florida, Wellington , Florida, Palm, Ocala , Florida, County, Wellington, Gulfport , Florida, Lee County, Fort Myers, Sebastian , Florida, Palm Beach , Florida, Palm Beach, Havana, Cuba, Celestún, Mexico, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, Pete Beach , Florida, Treasure, Fort Myers Beach, Progreso, New Port, Kissimmee , Florida, Melissa Seixas , Florida, Pinellas County, Georgia , Tennessee, Carolinas
TAMPA, Fla. — 54-year-old Joseph Malinowski, who has been dubbed “Lieutenant Dan” on social media, has survived record-breaking Hurricane Milton on his 20-foot sailboat. As Hurricane Milton was bearing down on Tampa, Malinowski posted to his social media account to soothe his newfound audience’s worries, even as his boat rocked and shaked against increasing wind and rain. “I’m doing great!” he told NBC News on Wednesday around 7 p.m., approximately two hours before the storm was set to make landfall. "Lieutenant Dan" on his boat Wednesday in Tampa. “I’m going to go back to doing my regular thing, which I think is pretty inspirational,” he told NBC News.
Persons: Joseph Malinowski, Dan ”, Milton, Malinowski, Terrence Concannon, Hurricane Helene, Hurricane Milton, , — Malinowski, “ I’m, Dan, Spencer Platt, I’m, ” “, , “ Everything’s, Forrest Gump, weren’t, Ross, ” Malinowski, he’s, Concannon, ” Matt Lavietes, Sophia Pargas Organizations: Hurricanes, Hurricane, NBC, NBC News, Tampa Police Department, University of Tampa senior, Police Locations: TAMPA, Fla, Tampa, New York City
The windows burst during the storm, flooding the home with 2 to 3 feet of water, De Leon recalled. After Maria hit, when they left the house to assess the damage, they saw that some of their neighbors hadn't survived the hurricane. Milton made landfall as a Category 3 storm at 8:30 p.m. Wednesday near Siesta Key, Florida, a barrier island next to Sarasota. Figueroa was one of more than 100,000 Puerto Ricans who left Puerto Rico during Maria's aftermath. "Hurricane Maria changed our lives and I think that we will never underestimate any hurricane or natural disaster," Aponte Feliciano said in Spanish.
Persons: Hurricane Maria, Cecilia Rosa De Leon, Maria, De Leon, hadn't, Milton, , Shailier Figueroa, pantries, Figueroa, Jesús Eduardo Aponte Feliciano, Aponte Feliciano Organizations: Hurricane, Harvard University, Sarasota ., Puerto Ricans Locations: Puerto, Florida, Milton, Orlando, Apopka, seeping, Puerto Rico, Canóvanas, that's, U.S, United States, Siesta Key, Sarasota, Kissimmee, Philadelphia, Georgia
CNN —Hurricane Milton slammed into Florida’s Gulf Coast on Wednesday night, making landfall as a powerful Category 3 storm. The intense hurricane spawned tornadoes, dumped rain across much of the state, left millions without power and claimed at least 12 lives, including five people in St. Lucie County. Milton is the third hurricane to hit Florida this year — which has only happened during five other hurricane seasons since 1871. Many areas in Florida are also recovering from the aftermath of a Milton-spurred torrent “supercharged” tornadoes, according to National Hurricane Center Director Michael Brennan. Milton was the fifth hurricane to make landfall in the United States this year, joining Category 1 Beryl, Category 1 Debby, Category 2 Francine and Category 4 Helene.
Persons: Hurricane Milton, Lucie County, Helene, Deanne Criswell, Michael Brennan, “ We’ve, Lucie Mayor Shannon Martin, CNN’s Jim Acosta, , I’ve, Hurricane Irma, Milton, Beryl, Debby, Francine Organizations: CNN, Hurricane, NASA, Climate, FEMA, National Hurricane Center, National Weather Services Locations: Coast, St, Lucie, Siesta, Milton, Florida, Gulf, Mexico, St . Petersburg, Hillsborough, Lucie County, Port St, Tampa Bay , Melbourne, Miami, Hurricane, Hardee, Highlands, Tampa, Petersburg, Sarasota, United States
The S & P 500 hit new highs on Wednesday, but there's more to the story that investors need to be mindful of. A lack of breadth by this measure indicates the S & P 500 is susceptible to a correction, he said. .SPX YTD mountain The S & P 500, year to date Still, Wednesday's return to all-time highs marks a positive development amid what has been a choppy trading month. With the latest moves, the S & P 500 is now tracking to end 2024 higher by more than 21%. The average year-end price target for the S & P 500 implies the index will decline around 3% from where it closed Wednesday, according to CNBC Pro's subscriber-exclusive survey.
Persons: Chris Verrone, Verrone, Wednesday's Organizations: Investment, CNBC
Sandra Guadarrama-Baumunk and her family holed up at a Disney resort hotel during Hurricane Milton. I was already in my pajamas when the fire alarm at our Disney Resort hotel went off at 9:30 p.m. on Wednesday. Hurricane Milton was predicted to strike in the early hours of the morning, and guests were instructed to be in their rooms by 8:30 p.m. for safety reasons. AdvertisementGuadarrama-Baumunk and her family with Tigger at their resort hotel at Disney World. AdvertisementDo you have an interesting story about Hurricane Milton to share with Business Insider?
Persons: Sandra Guadarrama, Hurricane Milton, , We'd, Helene, Milton, they'd, Tigger, Disney, we'd, Brian, Mia, Jeremy, It's Organizations: Disney, Service, Disney Resort, Hurricane, Business Locations: Hurricane, Florida, Phoenix, Sofia
Allison Gilgenbach checked into a Florida hotel at Universal Studios ahead of Hurricane Milton. After we entered our hotel room at Universal Orlando Resort in Florida, my daughters, Reagan, 11, and Ryann, 8, and I looked for the nearest exits and flights of stairs. The last time Reagan checked the weather app, Hurricane Milton was predicted to hit central Florida around 5 a.m. Thursday. AdvertisementGilgenbach and her daughters pictured before Universal Studios was closed due to the threat of Hurricane Milton. AdvertisementAre you in the path of Hurricane Milton and would like to share your story with Business Insider?
Persons: Allison Gilgenbach, , Reagan, Hurricane Milton, it's, Gilgenbach, We'd, Harry Potter, we've, We've, They've, they've, Milton Organizations: Universal Studios, Service, Universal Orlando, Hurricane, Universal, Business Locations: Florida, Hurricane Milton, Cleveland, Tampa, Ohio
Traffic flows east Tuesday along Interstate 4 as residents continue to follow evacuation orders ahead of Hurricane Milton. A motorist drives past broken utility poles downed by strong wind gusts as Hurricane Milton approaches Fort Myers, Florida, on Wednesday, October 9. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Julio Cortez/AP A man clears debris left by Hurricane Helene from his home in Treasure Island, Florida, on Monday. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday.
Persons: Vivienne Marran, , Hurricane Milton, Marran, Helene, they’ve, we’ve, “ I’ve, ” Marran, Helene –, , Holly Speckhart, Julio Cortez, , Jane Castor, you’re, ” Speckhart, Ian – Bridgit, Budd, Milton, Fort, Ricardo Arduengo, Connor Ferran, Fort Myers, Joe Raedle, Paul Hennessy, Saul Martinez, Stephen Lundgren, Doug Engle, Payton Wyse, Andrew Goncharsky, Lee, Nicolette Mariano, Kaila Jones, Yamil Lage, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Rebecca Blackwell, Hurricane Helene, Bryan R, Smith, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Marta Lavandier, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, ” Anna Maria Island, William Tokajer, ” Tokajer, “ We’ve, we’ll, “ we’ve, I’ve, We’ve, who’d, , “ you’ve, ” CNN’s Mary Gilbert, Rebekah Riess, Andy Rose, John Berman Organizations: Sol , Florida CNN, CNN, Hurricane, Tampa Bay, ” Tampa Fire Rescue’s, Milton, Tampa Bay Rays, Tampa Mayor, Orlando International Airport, Anadolu, Getty, Disney, Vanguard, School, Ocala, USA, Fort, Palm Beach Daily, Florida Army National Guard, Bradenton, Tampa General Hospital, NASA, International, Reuters, AP, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Holmes Beach Police, Social, Isla del, Sunshine Skyway Locations: Sol , Florida, St . Petersburg, Gulf, Mexico, Tampa, Milton, ” Tampa, Hurricane, Ohio, Cincinnati, Sanibel, Fort Myers , Florida, Orlando, Ocala , Florida, Lee County, Fort Myers, Sebastian , Florida, Havana, Cuba, AFP, Palm Beach, Bradenton Beach, Tampa , Florida, Celestún, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, St, Pete Beach , Florida, Fort Myers Beach, Progreso, New Port, St . Petersburg , Florida, Kissimmee , Florida, Florida, Isla, Isla del Sol, Holmes Beach
They went to Disney World for theme park rides and photo ops with Mickey Mouse. In the past few days, Hurricane Milton has morphed from a pesky storm system in the Gulf of Mexico to a historic hurricane that Florida Gov. A notification popped up on her Disney app informing her that the resort was monitoring a quickly progressing storm. Farther inland, in the greater Orlando area where Disney is located, the Orlando airport announced it would be closing at 8 a.m. Wednesday. Only a handful of hurricanes have forced the parks to close in Disney’s more than 50-year history, according to the fan-run Walt Disney World Magazine.
Persons: Mickey Mouse, Hurricane Milton, Ron DeSantis, Milton, , , Telissa Carpenter, Carpenter, , we’ve, Milton eying, Cara Prior, Disney, Kensly Williams, Williams, Ashleigh Giliberto, , She’s, she’s, I’ve, we’re Organizations: Disney, Hurricane, Florida Gov, Walt Disney, National Hurricane Center, Orlando, Walt Disney World Magazine, Universal Orlando Resort, Associated Press Locations: Florida, Gulf, Mexico, Orlando, Indianapolis, Tampa, Disney’s, United States, Thompson’s, Tennessee, Fairbury , Nebraska, Miami, Indiana
At least 125 places from the West Coast to the Rockies have tied or broken all-time October heat records since the month began. It’s another reminder that extreme heat is no longer confined to the summer as the world warms due to fossil fuel pollution. “If we continue to warm the plant by burning fossil fuels, late-season heat waves like this will become much more common.”California has been at the epicenter of the extreme heat. The record-breaking heat began before the calendar flipped to October. Phoenix could reach two consecutive weeks of record-breaking heat as it remains stuck in it into at least midweek.
Persons: ” Kristina Dahl, California’s, ” Dahl Organizations: CNN, Rockies, Union of, Phoenix, Denver, National Weather Service Locations: United, West Coast, California, San Jose , California, Las Vegas, Phoenix, Maricopa County, Colorado, Denver, Los Angeles, West, Sacramento, Santa Ana
Both the Dow Jones Industrial Average and S & P 500 have broken out to new highs this month. BTIG chief market technician Jonathan Krinsky asked this week, referring to the S & P 500. The S & P 500 had risen more than 5%, while the tech-heavy Nasdaq Composite was higher by more than 1%. For the S & P 500, those levels represent declines of about 6% to 9%, as of Thursday's close. Initial Claims (09/28) 9:45 a.m. PMI Composite final (September) 9:45 a.m. S & P PMI Services SA final (September) 10 a.m.
Persons: Jonathan Krinsky, Dow, Adam Turnquist, LPL Financial's Turnquist, Jeff Hirsch, he's bullish, Hirsch wouldn't, Lamb Weston, Nonfarm Payrolls, , Nick Wells Organizations: Federal, Dow Jones Industrial, Dow, CNBC, Nasdaq, LPL, Chicago PMI, Dallas Fed, PMI, Manufacturing, Nike, McCormick, ADP, PMI Services SA, Services PMI, Constellation Locations: Europe, U.S, Chicago
It also means lots of talk from the experts about "normalizing the yield curve" in the bond market — meaning getting back to a setup where bonds with longer maturities yield higher rates than those with shorter-term maturities. That's referred to as "yield curve inversion," which has historically signaled an upcoming recession. Currently, however, the yield curve looks more like a check mark than a gradually rising hill. An inverted Treasury yield curve messes with that dynamic. Everyone, from private citizens to multinational corporations benefits from a normalized yield curve because normal means less uncertainty, which means more predictability.
Persons: Jerome Powell, shouldn't, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, William McChesney Martin Jr, Anna Moneymaker Organizations: Federal Reserve, Fed, Treasury, CNBC, Federal, Getty Locations: U.S, Washington , DC
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Last Friday, the August employment report showed the number of jobs added was lower than expected but higher than the previous month. Wednesday's CPI report showed the lowest 12-month inflation rate in two-and-a-half years. In short, the data hasn't cleared up whether the Fed will cut by 25 or 50 basis points. They think there's a 57% chance of a 25 point cut and 43% of a 50 point one, according to the CME FedWatch tool.
Persons: Stefani Reynolds, We've, Wednesday's, Jeff Cox, Pia Singh, Sarah Min Organizations: Eccles Federal Reserve, Bloomberg, CNBC, U.S . Federal Reserve, PPI Locations: Washington ,
SEOUL, South Korea — North Korea fired multiple short-range ballistic missiles off its east coast on Thursday, South Korea’s military said, the first such launch in more than two months. Japan’s defense ministry said at least two ballistic missiles from North Korea flew about 220 miles, to an altitude of about 60 miles. Japanese Prime Minister Fumio Kishida, who last week visited Seoul to reconfirm ties with South Korea ahead of his upcoming resignation, said Tokyo strongly condemned the launch and lodged a protest against North Korea. “We continue to make utmost efforts for monitoring and cooperate with the U.S. and South Korea,” Kishida said. North Korea faces accusations of supplying Russia with weapons including drones and ballistic missiles to be used in the war in Ukraine.
Persons: , Fumio Kishida, ” Kishida, Kim Jong Un, ” Kim, Kim Organizations: Joint Chiefs, Staff, South, North, U.S, Seoul’s, Chiefs Locations: SEOUL, South Korea, North Korea, Pyongyang, , Seoul, Tokyo, Japan, United, Korea, U.S, Russia, Ukraine, United States, Moscow
It's been a topsy-turvy stock market since the Club's August Monthly Meeting. These were two of our top performers since the August Monthly Meeting. The stock closed nearly 5% higher on the eve of the September Monthly Meeting. The S & P 500's health care sector is up 2.2% since the August Monthly Meeting, slightly outperforming the broad index's 1.8% rise in that timeframe. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: It's, We've, Eli Lilly, Estee Lauder, Jerome Powell, it's, DA Davidson, Goldman Sachs, Goldman, Andy Jassy's, TJX, Jensen Huang, Abbott, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Dow Jones Industrial, Nasdaq, Investor, Federal, Procter, Gamble, Dover, Abbott Laboratories, TJX, Amazon, Micro Devices, Jackson, Bank of America, Telsey Advisory Group, JPMorgan, Oracle, Devices, AMD, Nvidia, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange Locations: seesaw, Wednesday's, U.S
CNN —It was the Instagram endorsement read ‘round the world: Pop superstar Taylor Swift backs Kamala Harris for president. Swift’s support for Harris and voter registration will likely have some impact, but not as much as some would hope. That said, Harris and the Democratic Party are struggling with young voters and voter registration, so they’ll take any help they can get. Let’s start out with what we know about Swift’s post. An examination of Google trends revealed a spike in searches for voter registration after Swift’s post, a Washington Post analysis found.
Persons: Taylor Swift, Kamala Harris, Swift’s, Harris, Let’s, Swift, Donald Trump, “ Swifties, That’s, Joe Biden, Biden, won’t, Phil Bredesen, Bredesen Organizations: CNN, Democratic Party, General Services Administration, Republicans, Swift, GOP, Grinnell College, Fox Locations: Swift’s, Washington, Arizona , Nevada , North Carolina, Pennsylvania, Arizona, Nevada, Harris
A strengthening Tropical Storm Francine is expected to become a hurricane long before it reaches the Louisiana coast Wednesday, federal forecasters said on Monday. Track Tropical Storm Francine’s path, forecast and hurricane statusThe hurricane center's latest forecast cone has the storm making landfall in Louisiana between the Texas border and New Orleans about 1 p.m. Wednesday. "Francine expected to become a hurricane soon," a National Hurricane Center said in the headline to its latest advisory. A hurricane watch remains in effect for almost the entire Louisiana coast from Cameron to Grand Isle. August’s tropical cyclone activity “was a little below normal” in terms of the number of named storms, the hurricane center said.
Persons: Francine, Jeff Landry, Monique B, Port Fourchon, Debby, Ernesto Organizations: National Hurricane Center, Lousiana, Mayor, NOAA, Atmospheric Administration Locations: Louisiana, Gulf of Mexico, Rio Grande, Mexico, Texas, Gulf, Galveston, New Orleans, Lafayette , Louisiana, Port Mansfield, Rio, La, Cameron, Grand Isle, Mississippi, Island , Texas, Alabama, Vermilion, Maurepas, Lake Pontchartrain, Bend, Florida, South Carolina, Bermuda, Pacific
Tim Walz defends his military record. Walz defends his military recordDemocratic vice presidential nominee Tim Walz defended his military record during his first solo event on the campaign trail. Vance asserted Walz misrepresented his military record; Walz said he misspoke. Ernesto expected to strengthen into a hurricaneTropical Storm Ernesto on Aug. 13, 2024. Staff Pick: Laci Peterson case back in the spotlightLaci Peterson and Scott Peterson in an undated photo.
Persons: Tim Walz, Walz, , Sen, JD Vance, Vance, Donald Trump, Joe Biden, nudging Trump, Chuck Todd, Kamala Harris, Ernesto, Ilhan Omar, Minnesota, Eric Hovde, Democratic Sen, Tammy Baldwin, Laci Peterson, Scott Peterson, Peterson, — Chelsea Stahl, Benjamin Netanyahu, Elvis Presley’s, Elizabeth Robinson Organizations: Labor Statistics, Federal Reserve, Democratic, Minnesota, NBC, Trump, GOP, NOAA, Getty Images Schools, NHC, U.S ., Wisconsin Republican, Senate, Modesto Police Department, Pictures, Israeli, Police Locations: Los Angeles, Ohio, Denver, Boston, Michigan, Asheville , North Carolina, Puerto Rico, Caribbean, British Virgin Islands, U.S . Virgin Islands , Puerto Rico, Vieques, Culebra, California, U.S, Ferguson , Missouri, Tennessee
Puerto Rico Gov. A warning sign reading "Danger, No Swimming" is seen on the beach in Luquillo, Puerto Rico on Tuesday. Ocean conditions particularly in the north and the eastern part of Puerto Rico are going to be very dangerous," the governor said. The storm is expected to pass north of Puerto Rico on Wednesday and approach Bermuda on Saturday. People prepare for the arrival of Tropical Storm Ernesto in in Guaynabo, Puerto Rico, on Tuesday.
Persons: Ernesto, Pedro Pierluisi, Jaydee Lee Serrano, José Organizations: Puerto Rico Wednesday, Puerto, Puerto Rico Gov, AFP, Getty, NHC, U.S ., Associated Press Locations: Puerto, Caribbean, U.S, San Juan, Luquillo , Puerto Rico, Puerto Rico, British Virgin Islands, U.S . Virgin Islands , Puerto Rico, Vieques, Culebra, Bermuda, Guaynabo , Puerto Rico, Piñones, Puerto Rico’s, Sint Martin
Its center was about 40 miles north of San Juan early Wednesday after passing over the Virgin Islands on Tuesday. Hurricane watches and tropical storm warnings are in effect for the Virgin Islands and the small Puerto Rican islands of Vieques and Culebra. And he entire island of Puerto Rico is also under a tropical storm warning. Tourists sit on La Pared beach as Tropical Storm Ernesto whips up surf near Luquillo, Puerto Rico, on Tuesday. “The people of Puerto Rico and the US Virgin Islands are no strangers to storms,” Rothenburg said.
Persons: Ernesto, Puerto Rico –, Thomas, John, Pedro Pierluisi, Hurricane Maria, Alejandro Granadillo, Juan Saca, Saca, Jaclyn Rothenberg, ” Rothenburg, , ” Rothenberg, Mary Gilbert, CNN’s Ella Nilsen Organizations: CNN, Atlantic, National Hurricane Center, San Juan, Virgin, Puerto Rico, Virgin Islands, US, National Weather Service, Puerto Rico Gov, National Guard, Puerto Ricans, AP LUMA Energy, Federal Emergency Management Agency Locations: Puerto Rico, San, Puerto, Caribbean, Puerto Rican, Vieques, Culebra, St . Croix, St, Luquillo , Puerto Rico, Virgin, Bermuda, It’s, Hispaniola, Bahamas, US East Coast
Thailand’s Constitutional Court dismissed Prime Minister Srettha Thavisin from office on Wednesday, throwing the country into fresh turmoil and creating deeper uncertainty about the political future of Southeast Asia’s second-largest economy. In a 5-4 verdict, the court ruled that Mr. Srettha, who took office almost a year ago, violated moral and ethical standards set out in the constitution because he appointed an ally of his benefactor, Thaksin Shinawatra, to his cabinet. Mr. Srettha was seen as a figurehead prime minister, with Mr. Thaksin playing a powerful behind-the-scenes role. Wednesday’s ruling served as a warning to the ambitions of Mr. Thaksin, himself a former prime minister and long a foil to Thailand’s royalist-military establishment. Last week, the same court ordered the disbandment of the Move Forward Party, a progressive party that won last year’s election but was blocked from forming a government.
Persons: Srettha Thavisin, Srettha, Thaksin Shinawatra, Thaksin, Wednesday’s Organizations: Thailand’s Constitutional, Party Locations: Thailand’s
On Monday, stocks struggled ahead of this week's inflation data, which will likely set the tone for short term market action. The S & P 500 was little changed, the Nasdaq Composite made a small advance while the Dow Jones Industrial Average pulled back about a third of a percent. The first trade is a so-called tail hedge against a hotter-than-expected CPI print, i.e. buying S & P 500 put options. The value of the put contracts will increase if the S & P 500 falls on a surprising resurgence of inflation.
Persons: Dow Jones Organizations: JPMorgan, Nasdaq, Dow Jones, Investors, Federal Reserve
Looking back, quarterly earnings also played a key role in big stock moves for the portfolio. Looking ahead, we'll see an update on some key inflation data, plus a closer look at the state of the housing and retail sectors. ET: Producer Price Index Earnings: Home Depot (HD), Pandora (PANDY), Nu Holdings (NU), Sea Limited (SE) Wednesday, August 14 8:30 a.m. ET: Consumer Price Index Earnings: Tencent Holdings (TCEHY), Cisco (CSCO), UBS (UBS), JD.com (JD) Thursday, August 15 8:30 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Eli Lilly, Walt, Jim Cramer, we've, JD.com, Jim Cramer's, Jim, Spencer Platt Organizations: Dow Jones, Dow, Nasdaq, Walt Disney, Microsoft, Ford Motor, Wynn Resorts, DuPont, Devices, Procter, Gamble, Club, Abbott Laboratories, Federal, Traders, Sun Life, Nu Holdings, Sea, Tencent Holdings, Cisco, UBS, Philadelphia Fed, Walmart, Materials, Deere & Co, Ross Stores, Lenovo, Housing, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, Dover, Wells Fargo, Nextracker, Eaton
More than 70 S & P 500 names are slated to report this week, including Disney and Caterpillar . Tuesday Uber Technologies is set to report earnings before the bell. This quarter: The ride-hailing giant is expected to report a 70% year-over-year increase in earnings, LSEG data shows. What history shows: Uber has beaten earnings expectations in six of the last seven quarters, according to data from Bespoke Investment Group. Wednesday Walt Disney is set to report earnings before the open.
Persons: Eli Lilly, Benjamin Black, Uber, Walt Disney, Wells, Steven Cahall, LLY, Eli Lilly's Organizations: Disney, Caterpillar . Pharmaceutical, behemoth, CNBC, Technologies, Investors, Autonomous Vehicle, Deutsche Bank, Investment, Caterpillar, JPMorgan Locations: California
A college student visiting the Grand Canyon died after an accidental fall near a scenic overlook, park officials said Thursday. The park service said it is investigating the incident with the local medical examiner’s office and no additional details were immediately available. According to National Park Service data, there were 205 fatal falls across the entire park system between 2014 and 2019, the most recent year available. At Grand Canyon National Park, which has recorded millions of visitors annually for decades, there were 14 deaths in the same period. An NBC News analysis last year found that Washington state's North Cascades National Park had the highest fatality rate in the country.
Persons: Abel Joseph Mejia, Mejia Organizations: National Park Service, Rangers, Indiana Bible College, Indianapolis, NBC Locations: Washington
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