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Trump's first 100 days are likely to be a rollercoaster, especially given his affinity for headline-grabbing moves. These structured channels helped ensure open dialogue on issues like tariffs, technology restrictions, and financial stability. A potential role for Elon Musk as a geopolitical go-between China might look to alternative channels to manage relations with Trump's administration. National security and AI, autonomous vehicles National security considerations will also be front and center in Trump's early China policy, especially regarding technology restrictions. Expect tariffs, technology restrictions, and Trump's unique brand of diplomacy to push the relationship to its limits.

Persons: Donald Trump, Xi Jinping, Kevin Lemarque, Donald Trump's, Trump, Mao Ning, Trump's, Biden, Elon Musk, Tesla, he's, Robin Ren, Ying Yong, Wu Qing, hasn't, Steve Wynn, Musk, — Organizations: Reuters, White, U.S ., Foreign, Treasury, Commerce, Tesla Inc, Bloomberg, Getty, European Union, Trump Locations: Osaka, Japan, U.S, China, Beijing, Shanghai, Washington, Taiwan, European, South Korea, Trump's

☆ Goldman Sachs slashes European growth forecasts on Trump win
▼ + stars: | 2024-11-07 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —President-elect Donald Trump’s proposed protectionist policies, including hefty tariffs, will hurt Europe’s economic standing — leaving crisis-hit Germany particularly vulnerable, Goldman Sachs predicts. Goldman Sachs expects gross domestic product across the 20 countries that use the euro to expand 0.8% next year, down from the 1.1% it forecast previously. Goldman Sachs’ central expectation is for “a more limited set of tariffs on European economies,” targeting primarily their auto exports. Goldman Sachs now expects the German economy to grow only 0.5% next year because of trade tensions, just over half the 0.9% growth it forecast previously. “For European businesses, Trump’s return to the White House implies considerable trade policy risks and geopolitical uncertainty,” Berenberg chief economist Holger Schmieding wrote in a note Thursday.

Persons: Donald Trump’s, Goldman Sachs, Trump’s, Trump, ”, Holger Schmieding, “ Organizations: London CNN —, NATO, Republican, European Union, Volkswagen, VW Locations: Germany, United States, Europe, Ukraine, China

Abu Dhabi and Jerusalem CNN —If his first term in the White House is any indication, President-elect Donald Trump is likely to keep the Middle East high on his agenda. But the Middle East has changed significantly since he left office in 2021, and all regional actors are keenly watching how the new president will navigate these shifts. Here’s how Trump’s election could affect key players in the Middle East:Israel and the PalestiniansEnding the wars in Gaza and Lebanon and integrating Israel in the Middle East are likely to be at the top of the president-elect’s Middle East agenda, analysts said. “When the war will be over, you’ll need a real restart in the Middle East,” and Trump will be the best person to bring about a “new Middle East,” Bismuth added. Nadav Shtrauchler, a political strategist who has worked closely with Netanyahu, said Trump’s election sends a message to Israel’s enemies in Iran.

Persons: Jerusalem CNN —, Donald Trump, Trump, Benjamin Netanyahu, Saudi Arabia’s King Salman bin Abdulaziz Al Saud, Prince Mohammed bin Salman, Fatemeh Mohajerani, “ Netanyahu, ”, Mustafa Barghouti, Alon Pinkas, “, ” Pinkas, Joe Biden’s, Pinkas, ” Trump, Evan Vucci, Netanyahu, haven’t, Biden, Boaz, Trump’s, Nadav, Yoav Gallant, Harris, ” Shtrauchler, Qasem Soleimani, Ali Vaez, Ayatollah Ali Khamenei, Atta Kenare, – Israel, …, ” Vaez, –, “ Trump, Vaez, Jamal Khashoggi, Hasan Alhasan, Saudi Arabia's Crown Prince Mohammed bin Salman, Mandel Ngan, ” Alhasan, “ They’re, CNN’s Dana Karni, Irene Nasser, Eyad Kourdi Organizations: Jerusalem CNN, Jewish, White House, America, Saudi, United Arab, Trump, Palestinian National Initiative, CNN, West Bank, Palm Beach Convention, Israel, Likud, Abraham Accords, Islamic, Iran Project, Crisis, Biden, Getty, US, Washington Post, Middle, International Institute for Strategic Studies, Saudi Arabia's Crown, White, Shanghai Cooperation Organization, SCO, –, Hamas Locations: Abu Dhabi, Jerusalem, Saudi, Iran, Israel, America, United Arab Emirates, UAE, East, Gaza, Lebanon, Israeli, Palm Beach, Florida, Syria, Tehran, Republic, United States, AFP, Saudi Arabia, Arab, Riyadh, Bahrain, Yemen, China, Washington, Beijing, decouple, Qatar

☆ China’s state media focuses on US divisions as America awaits election results
▼ + stars: | 2024-11-06 | by ( Nectar Gan | Simone Mccarthy | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —As the election results roll in and America holds its breath, Chinese state media hasn’t missed the chance to accentuate US political polarization – and play up the threat of post-vote turmoil in its democratic superpower rival. “US Election Day voting begins amid fears of violence, unrest,” declared a headline in nationalist tabloid Global Times. “The US election, once considered a highlight of the so-called ‘beacon of democracy,’ may now become the starting gun of ‘social unrest,’” the state-run Beijing Daily claimed in a commentary on social media. Nicolas Economou/NurPhoto/Getty ImagesOn Chinese social media, the US election featured high among the trending topics throughout Tuesday and Wednesday. “(It) doesn’t matter who it is (that wins),” one social media user wrote in a popular comment on Weibo.

Persons: hasn’t, Xi Jinping, ”, ’, Nicolas Economou, Li Shuo, Kamala Harris, Donald Trump, Trump’s, Joe Biden, Biden Organizations: Hong Kong CNN, America, Global Times, White House, Capitol, Beijing Daily, ”, CNN, Huawei, Biden Locations: Hong Kong, Beijing, United States, China, Washington, Washington , DC, Weibo, Taiwan

☆ Americans are probably getting another interest rate cut 2 days after the election
▼ + stars: | 2024-11-06 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +6 min

The Federal Reserve is expected to cut interest rates by 25 basis points on Thursday. It follows a 50-basis-point rate cut in September — the first cut in four years. CME FedWatch, which forecasts interest rate changes based on market predictions, estimated an all-but-certain 25 basis point cut as of Wednesday afternoon. "Borrowers should understand that 'falling interest rates' are not the same as 'low interest rates,'" Greg McBride, Bankrate's chief financial analyst, said in a commentary. AdvertisementWhat are your financial plans if the Fed makes another rate cut?

Persons: —, Donald Trump, Trump, Jerome Powell, Powell, Helene, Milton, Cory Stahle, Julia Pollak, Greg McBride Organizations: Federal, Service, FedWatch, Boeing, BLS, Federal Reserve, PCE, Fed, asheffey

☆ Trump’s return to power raises serious questions about the media’s credibility
▼ + stars: | 2024-11-06 | by ( Brian Stelter | ) edition.cnn.com time to read: +6 min

New York CNN —Donald Trump’s return to power is a hinge point for the American media – in ways big, small, and to be determined. A severe trust deficit exists between the Trump base and big institutional media outlets. “Maybe ‘misinformation’ is a lazy word that was never applied to press coverage of Biden’s health or the border. Thus, Trump’s reelection portends a new period of hostility with major media outlets that strive for impartiality as well as partisan outlets that oppose him. Further, will media outlets engage in self-censoring to appease Trump, and if so, how will readers and viewers who oppose Trump react?

Persons: New York CNN — Donald Trump’s, Kamala Harris, Matt Walsh, Trump, ”, we’ve, “, Dave Weigel, Harris, Scott Jennings, Trump’s, ” Jennings, Liz Cheney, Nikki Haley, Tim Walz, ‘, ’ ”, Ashley Allison, Rupert Murdoch, portends, ” Conde Nast, Roger Lynch Organizations: New, New York CNN, Trump, Republicans, CNN, ’ ” Liberal, Fox News, White Locations: New York, United States, America, York, Puerto Rico

☆ Googlers poke fun at a policy against making election memes — by making memes
▼ + stars: | 2024-11-06 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

There's just one problem: they aren't allowed to make political posts, so they're being creative. As the 2024 US election unfolded, Googlers have taken to the company's internal message board — a meme generator named Memegen — to express their feelings. One of the top Memegen posts on Wednesday was a picture of a fake newspaper named "The Memegen," with the headline, "Nothing Happened. Related storiesTwo former Googlers built Memegen in 2010 as a way for employees to vent about work, life, and even their C-suite. Earlier this year, after employees used Memegen to share their thoughts on the war in Gaza, Google barred staff from making political posts, several employees told BI.

Persons: There's, Sundar Pichai, —, Raya, Sisu, Googlers, Breitbart, Donald Trump's, Sergey Brin Organizations: Google, Service, Business, BI Locations: Disney's, Gaza

☆ Coinbase's big election bet is about to be tested
▼ + stars: | 2024-11-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

BlackRock's ETF chief Samara Cohen told CNBC that 75% of its bitcoin buyers are crypto investors who are new to Wall Street. Grewal told CNBC that he's had "many conversations" behind closed doors with both the Trump camp as well as Democratic Vice President Kamala Harris' campaign. Fairshake, one of the top spending PACs this cycle, told CNBC it's raised around $170 million this election and disbursed approximately $135 million. Ripple's head of U.S. public policy, Lauren Belive, told CNBC at a fintech conference in Las Vegas that the company was motivated by the SEC's overreach. WATCH: Bitcoin slumps to $67,000 level on eve of U.S. election: CNBC Crypto World

Persons: WASHINGTON —, Brian Armstrong shied, Armstrong, Coinbase, Gary Gensler, vociferously, Samara Cohen, Wells, Paul Grewal, Donald Trump, David Sacks, Grewal, Trump, he's, Gensler, Kamala Harris, Harris, Sen, Sherrod Brown, Bernie Moreno, Brown, Moreno, battlegrounds, It's, Shirzad, CNBC it's, Lauren, Alice, merch, Joe Lubin, Wiley Nickel Organizations: WASHINGTON, Capitol, CNBC, SEC, Washington, Trump, Republican, Democratic, Crypto Alliance, House, Ohio Senate, Crypto, Labs Locations: Washington ,, Washington, United States, San Francisco, Nashville, Ohio, Las Vegas

☆ Australia's central bank keeps rates unchanged at 4.35%
▼ + stars: | 2024-11-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Australia's central bank held its benchmark interest rate at 4.35% for the eighth meeting in a row, in line with expectations from economists polled by Reuters. The central bank expects that the headline rate will increase as these measures expire. The RBA instead pointed at the underlying inflation rate in Australia. The "trimmed mean" came in at 3.5% in the the September quarter, which was still "some way" from the 2.5% midpoint of the inflation target. Externally, the bank added that "heightened geopolitical risks and potential changes to trade and fiscal policies abroad add to this uncertainty."

Organizations: Reuters, Reserve Bank of Australia Locations: Australia

☆ What local reporters around the country are hearing from voters in the run-up to Election Day
▼ + stars: | 2024-11-05 | by ( Brian Stelter | ) edition.cnn.com time to read: +7 min

Those relationships may prove especially valuable in the coming days as the 2024 election comes to a close. In swing states like North Carolina and Michigan, local journalists have doubled as campaign experts, covering presidential candidate rallies and interviewing voters by the dozen. CNN asked seven swing state editors and reporters about what they’ve been experiencing in the run-up to Election Day. In Georgia, the Atlanta Journal-Constitution has invested heavily in statewide polling and stationed reporters across the city and state. “Months of reporting and listening have told us this: Georgia voters are largely dissatisfied with our country’s direction,” editor-in-chief Leroy Chapman Jr. said.

Persons: they’ve, Nicole Avery Nichols, ”, Joe Biden, Donald Trump, Kamala Harris, Rana Cash, Harris, “, Obama, –, Jimmy Carter, Trump, Cash, David McCumber, Leroy Chapman Jr, Jessica Hill, we’ve, ” Hill, there’s, Mark Treinen, Treinen, “ I’ve, I’ve, “ I’m, ” Treinen, ” Nichols, Jim Malewitz, Malewitz, Jay Rosen, Chapman Jr, MAGA Organizations: New, New York CNN, CNN, Detroit Free Press, Democratic, Charlotte Observer, Republicans, Arizona Daily Star, Atlanta Journal, ”, Las Vegas, The Capital Times, Wisconsin Watch, New York University Locations: New York, North Carolina, Michigan, Tucson , Arizona, Georgia, ” In Nevada, ” In Wisconsin, Madison, Wisconsin

☆ As the election winds down, worries of 'bond vigilantes' and inflation hit markets
▼ + stars: | 2024-11-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

Specifically, he warned about traders taking the 10-year Treasury yield , a bond market benchmark, above 5% — a level it hasn't seen since mid-2007. To be sure, there are myriad reasons why the bond market has been in a state of tumult since mid-September, political considerations of a second Trump term being just one of them. "The bond market could easily nullify the impacts of another rate cut. That's because the bond market believes the Fed is cutting rates by too much, too soon, and is therefore raising long-term inflation expectations. It could carry "higher tariffs and mass deportations, which triggers stagflation in the US including a second inflation spike," the bank said.

Persons: Donald Trump, Chip Somodevilla, Kamala Harris, Ed Yardeni, Yardeni, Trump, Harris, Kumar, it's, Karen Dynan, Trump's, Peterson, Morgan Stanley Organizations: Fiserv, Republican National Convention, Treasury, Trump, Reserve, Bond, Yardeni Research, Sri, Kumar, Peterson Institute for International Economics, Federal Reserve, JPMorgan, Republicans Locations: Milwaukee , Wisconsin, United States

☆ Where Jim Cramer stands on Apple after more selling from Warren Buffett's Berkshire
▼ + stars: | 2024-11-04 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

The news Berkshire Hathaway sold another large chunk of Apple shares, according to the Warren Buffett -led company's earnings report Saturday. But it still held roughly $69.9 billion worth of Apple shares at the end of September. It's unclear why Berkshire is selling Apple, but investors don't seem too worried. AAPL YTD mountain Apple YTD Apple stock fell 1% in Monday's down market, the first chance Wall Street got to react to the news. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Berkshire Hathaway, Warren Buffett, Morgan Stanley, Jim Cramer, Jim, Buffett, Jim Cramer's Organizations: Berkshire, Apple, of America, CNBC, Nurphoto, Getty Locations: Omaha, Berkshire, Monday's, Manhattan , New York

☆ Tesla, Alphabet or GM? A breakdown of the autonomous driving battle and how to trade it
▼ + stars: | 2024-11-04 | by ( Michael Khouw | ) www.cnbc.com time to read: +12 min

Autonomous driving is at a pivotal juncture, with several companies vying for leadership in a sector that promises to revolutionize transportation. While Tesla (TSLA) has dominated the autonomous vehicle headlines with its Full Self-Driving (FSD) system, it may not be the best autonomous driving investment. Waymo: A leader in the autonomous race Waymo, a subsidiary of Alphabet , has long been a frontrunner in the autonomous driving sector. Tesla's FSD software relies primarily on optical cameras, supported by advanced AI algorithms to interpret the road environment. The value autonomous driving adds to stock Currently, Alphabet, GM, and Tesla are not generating meaningful revenue from autonomous driving or robotics technology.

Persons: GM's, Google's Waymo, Waymo, Tesla's, Cruise, Mary Barra, Elon Musk, Tesla, AVs, GM's supercruise, TSLA, Price, Mary Barra's Organizations: General Motors, PACE, Hyundai, Federal Motor Vehicle Safety, Cruise, Cruise's, National, Traffic Safety Administration, Ford, Elon, GM's, Tesla, GM, CNBC, NBC UNIVERSAL Locations: Phoenix, Los Angeles, AVs

☆ Bank of America's Trump-Harris playbook: How the stock market will react to the various election scenarios
▼ + stars: | 2024-11-04 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Here's how Bank of America suggests trading a variety of Election Day outcomes. Split Republican control A Trump White House with a largely Democratic Congress is overall neutral for equities, Kwon said. Split Democratic control The status quo would be maintained with a Harris White House and a Republican Congress, Kwon said. Over the past seven election cycles, the two-week price direction for stocks was identical to one day after election day every single time. Outside of the election, Kwon said that the Fed could have ample reason to cut further.

Persons: Ohsung Kwon, Kwon, Donald Trump, Trump, Kamala Harris, Harris Organizations: Bank of America, Trump, Republican, Trump White House, Democratic, Harris White, Federal

☆ Americans are probably getting another interest rate cut this week — just days after the election
▼ + stars: | 2024-11-04 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

The Federal Reserve is expected to cut interest rates by 25 basis points on Thursday. It follows a 50-basis-point rate cut in September — the first cut in four years. CME FedWatch, which forecasts interest rate changes based on market predictions, estimated an all-but-certain 25 basis point cut as of Friday afternoon. Advertisement"Borrowers should understand that 'falling interest rates' are not the same as 'low interest rates,'" Greg McBride, Bankrate's chief financial analyst, said in a commentary. What are your financial plans if the Fed makes another rate cut?

Persons: —, Jerome Powell, Powell, Helene, Milton, Cory Stahle, Julia Pollak, Greg McBride Organizations: Federal, Service, FedWatch, Boeing, BLS, Federal Reserve, PCE, Fed, asheffey

☆ Trump says RFK Jr.’s proposal to remove fluoride from public water ‘sounds OK to me’
▼ + stars: | 2024-11-03 | by ( Aaron Pellish | ) edition.cnn.com time to read: +4 min

CNN —Former President Donald Trump on Sunday expressed tentative support for Robert F. Kennedy Jr.’s plan to order the removal of fluoride from water supplies during a potential second Trump term, saying that it “sounds OK to me.”“Well, I haven’t talked to him about it yet, but it sounds OK to me,” Trump told NBC News. water systems to remove fluoride from public water. Exposure to fluoride above the public health recommended amount over many years can result in skeletal fluorosis, a condition that causes weaker bones and joint pain. The program based its conclusion on studies involving fluoride levels at about twice the recommended limit for drinking water. Kennedy said in an organizing call last week that Trump told him he’d oversee multiple public health agencies, including the Department of Health and Human Services and the Department of Agriculture.

Persons: Donald Trump, Robert F, Kennedy Jr, ” Trump, Kennedy, Trump, ” Kennedy, Danielle Alvarez, Alex Jones, ”, CNN’s Kate Sullivan Organizations: CNN, Trump, NBC News, US Centers for Disease Control, Trump White, U.S, “, CDC, National Institutes, Department of Health, Human Services, Department of Agriculture Locations: ” State, New York, Michigan

☆ The 3 things that will influence the stock market in the most consequential week of the year
▼ + stars: | 2024-11-03 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The major stock benchmarks rallied Friday but were lower last week, with the Nasdaq leading the way lower after reaching new highs. Eight other Club names reported earnings last week, including Eli Lilly and Eaton. Despite indications from Big Tech that Nvidia's AI chips will remain in hot demand, the Club stock fell 4.3% for the week. The S & P 500 , which is less tech-weighted, fell nearly 1.4% for the week, making it back-to-back weekly losses for the broader market index. Earnings After analyzing earnings reports from 14 of our portfolio companies last week, there is only one Club name on the docket this week.

Persons: Eli Lilly, Eaton, Jim Cramer, financials Goldman Sachs, Kamala Harris, Donald Trump, Harris, Trump, That's, Jerome Powell, We're, we'll, Archer, Johnson, Jim Cramer's, Jim, Brendan McDermid Organizations: Nasdaq, Devices, Apple, Microsoft, Big Tech, Club, Nvidia, Dow, Intel, AMD, Dow Jones, Visa, American Express, JPMorgan, Bond, Federal Reserve, Boeing, Treasury, White, DuPont, Election, Protection, Electronics, Industrial, Constellation Energy, Marriott, Century Fox, Wynn Resorts, WYNN, Goodyear Tire, Cirrus, Diamondback Energy, Daniels, Midland, Apollo Global Management, Ferrari, Restaurant Brands, Emerson Electric, Devon Energy, Novo Nordisk, CVS Health, Howmet Aerospace, Teva Pharmaceutical Industries, Cedar Fair Entertainment, Toyota, American Electric Power Company, Johnson Controls, Dine Brands, Holdings, AMC Entertainment, Qualcomm, Coty, COTY, Energy, Barrick, Halliburton, HAL, Hershey, Air Products & Chemicals, Warner Bros ., Arista Networks, Rivian Automotive, Trade, Icahn Enterprises, Sony, SONY, Paramount, Jim Cramer's Charitable, CNBC, New York Stock Exchange Locations: BlackRock, Florida, China, Sluggishness, Cleveland, New York City, U.S

It’s been nearly two years since a jury convicted rapper Tory Lanez of shooting Megan Thee Stallion after a Los Angeles party in July 2020. Now, in a new documentary, Megan Thee Stallion, whose real name is Megan Pete, is taking the public through the tumultuous years leading up to Lanez’s December 2022 criminal trial. Megan Thee Stallion. In the documentary, Megan often speaks somberly or through tears when she details the harassment. In the documentary, Megan expressed frustration about the focus on her sexual relationships.

Persons: It’s, Tory, Megan Thee, Megan Pete, Kelsey Harris —, Lanez, Megan Thee Stallion, ” Megan, Megan, Daystar Peterson, Milagro Gramz, ”, You’re, ’ ” Megan, “, …, ’ Gayle King, King, Onuorah, “ There’s, Meg, ” Onuorah, she’s Organizations: Los, Texas Southern University, Daystar, CBS, NBC News, Prevention Locations: Los Angeles, New York City

☆ I'm running my first marathon. A sports dietitian helped me put together the perfect meal plan.
▼ + stars: | 2024-11-02 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +7 min

This is something I've been looking forward to as I prepare to run my first marathon on November 3. So I consulted Jena Brown, a sports dietitian specializing in endurance racing, who reviewed my plan for the week and suggested improvements. She told me I should aim for roughly 8-12 grams of carbs a day per kilogram of my body weight. After my shorter runs this week, I got a berry smoothie with 55g carbs and 27g protein (from protein powder). Cut down on fiber, fat, and spiceI used regular, refined flour pasta and blended pesto with cottage cheese to make the sauce.

Persons: Carbo, It's, carbo, tenderly undressing, Jena Brown, Julia Pugachevsky Brown, Brown, Ezekiel, Julia Pugachevsky, hydrating, I've, seltzer Organizations: Service, New York Times, Gatorade Locations: carbs

☆ 'The reversion will eventually come': A chief strategist says Goldman Sachs and JPMorgan are right to warn of weak returns for the S&P 500 over the next decade
▼ + stars: | 2024-11-02 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Goldman Sachs and JPMorgan predict relatively muted S&P 500 returns over the next decade. AdvertisementMuch has been said about the gloomy outlook for the S&P 500 that some of Wall Street's largest investment banks conveyed in recent weeks. Goldman Sachs said in October that the S&P 500 would return 3% annually, on average, over the next 10 years, underperforming current 10-year Treasury yields. Goldman Sachs"There is little argument that U.S. stock market valuations are elevated compared to historical averages. Investors appeared to do that, with the S&P 500 rising 0.4% on Friday to 5,728, 2.3% below all-time highs.

Persons: Goldman Sachs, Lance Roberts, Roberts, —, It's, Goldman, Sam Kuhn Organizations: JPMorgan, RIA, Service, Bank of America, RIA Advisors, Bureau of Labor Statistics Locations: Wall

☆ Expect the unexpected in the jobs report
▼ + stars: | 2024-11-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

In any other month, the finishing touch would be a clean reading on the labor market from the official jobs report. However, a common thread among economists is that the strikes and hurricanes could take a 100,000-job bite out of the October jobs report. The last time there were back-to-back major hurricanes — Harvey and Irma in 2017 — the forecasts for the following month’s jobs report were for a loss of 33,000 positions. And each contribute to two of the biggest numbers in the monthly jobs report. A key date to keep in mind for the jobs report is October 12, as it anchors the “reference period” for both surveys.

Persons: ’, Claudia Sahm, “ It’s, That’s, aren’t, FactSet, Joe Brusuelas, — Harvey, Irma, Sahm, Oliver Allen, Milton, ”, Harris, Kamala Harris, Donald Trump’s, We’re, Biden, Jared Bernstein, Joe Biden’s, “ Organizations: CNN, Boeing, Reserve, New Century Advisors, Labor, Survey, Bureau of Labor Statistics, of Labor, Challenger, ADP, BLS, RSM, Pantheon Macroeconomics, Republicans, The New York Times, Siena College, Associated Press Locations: Washington and Oregon

CNN —In the closely watched battleground state of Michigan, election officials are under the microscope, with isolated mistakes or missteps serving as fodder for election deniers to lay the groundwork for widespread doubt of election results. Some of the confusion appears to have originated from a post on X by Matthew DePerno, one of the more high-profile election deniers in Michigan. DePerno has pleaded not guilty in the voting machines case. When it does happen, we take it extremely seriously,” Michigan Secretary of State Jocelyn Benson and Washtenaw County Prosecutor Eli Savit said in a statement. Despite the recent challenges, election officials in Michigan say they are confident that they are prepared to withstand efforts to undermine confidence in the results.

Persons: Lawrence Kestenbaum, “, Matthew DePerno, DePerno, Donald Trump, Lara Trump, Jocelyn Benson, ”, Ben Decker, Eli Savit, can’t, Kestenbaum, David Becker, Benson, Elon Musk, Dominion “, Joe Biden’s, ” he’s, ” Kestenbaum, Kylie Atwood Organizations: CNN, GOP, Republican National Committee, Democrat, Trump, Pundit, University of Michigan, Authorities, Department, Election Innovation, Research, Investigations, Michigan, Tech, Benson, The Michigan Department of State, of, “ Dominion, Dominion Locations: Michigan, Washtenaw County, Ann Arbor, of Michigan, Barry County , Michigan

☆ The US added very few jobs in October after hurricanes and strikes shook the economy
▼ + stars: | 2024-11-01 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

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

☆ Key inflation rate hits 2.1% in September, as expected, closing in on Fed target
▼ + stars: | 2024-10-31 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +3 min

Inflation increased slightly in September and moved closer to the Federal Reserve’s target, according to a Commerce Department report Thursday. The personal consumption expenditures price index showed a seasonally adjusted 0.2% increase for the month, with the 12-month inflation rate at 2.1%, both in line with Dow Jones estimates. Fed officials target inflation at a 2% annual rate, a level it has not achieved since February 2021. The annual rate was 0.1 percentage point higher than forecast but the same as in August. Consumer spending rose 0.5%, topping the outlook by 0.1 percentage point.

Persons: Dow Jones Organizations: Commerce Department, Fed, Energy, Labor Department, of Labor Statistics

☆ Euro zone inflation rises to higher-than-expected 2% in October
▼ + stars: | 2024-10-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Inflation in the 20-nation euro zone rose to 2% in October, preliminary figures released by statistics agency Eurostat showed Thursday. The fresh Thursday inflation print is seen as crucial in judging whether the European Central Bank could consider implementing a jumbo half-percentage-point cut in interest rates at its next meeting in December. The central bank has so far trimmed rates three times this year, making quarter-point increments that altogether took the central bank's key rate from 4% to 3.25%. Traders are also considering the latest growth figures for the euro area, which showed better-than-expected 0.4% expansion in the third quarter, even as analysts predicted further weakness ahead. The ECB said during its October meeting that sluggishness in the euro zone's economic activity had added to its confidence that inflation will not resurge dramatically.

Organizations: Reuters, European Central Bank, Traders, ECB Locations: Bonn, Germany

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