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☆ We're adding to our position in this stock that deserves more love from the market
▼ + stars: | 2024-11-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Companywide comparable sales declined 1.3%, much better than the 3.1% decline expected, according to FactSet. In the United States, comparable sales fell 1.2%, the smallest decline in nearly two years. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Hurricanes Helene, Milton, Jim Cramer, Jim Organizations: Home, Hurricanes, Home Depot, Federal, CNBC Locations: United States

☆ Buying a home is expensive. What about ordering one for delivery?
▼ + stars: | 2024-11-11 | by ( Samantha Delouya | ) edition.cnn.com time to read: +7 min

Manufactured housing, sometimes called mobile homes, are homes made in a factory rather than constructed on site, and they have been surging in popularity this year amid America’s housing crisis. Instead, they’re turning to the internet for lower-cost options, whether a pop-up foldable house kit, a tiny home or a traditional mobile home. Amazon is not the first major retailer to sell manufactured homes. More than 100 years ago, American retailer Sears, Roebuck and Co began selling kit homes from its catalog, with some for under $1,000. A 2023 Urban Institute paper argued that mobile homes were “uniquely vulnerable” to natural disasters compared to other housing.

Persons: Julie Johnson, homeownership, SSRS, George Rose, Donald Trump, Sears, Marc Norman, ” Norman, Katie Currid, “, Norman, Johnson, ” Johnson, Rebecca Blackwell, Johnson’s, Julie Johnson's, Patrick Harker, ” Harker, ”, ” CNN’s Chris Isidore Organizations: CNN, Facebook, National Association of Realtors, Getty, Census Bureau, Sears, Roebuck, Schack Institute of Real, New York University, Daily News, Urban, Hurricane, Federal Reserve Bank of Philadelphia, “ Locations: North Carolina, America, Boulder City, Boulder City , Nevada, Staunton , Virginia, Staunton, Mobile, Hurricane Milton, Englewood , Florida

☆ A shadow ‘financial crisis’ has cost the world $2 trillion
▼ + stars: | 2024-11-10 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

That’s a lot of damage – but it’s only a small fraction of what climate change has cost people around the world. A new report is flashing a warning signal about climate change and natural disasters, finding that their total economic damage has skyrocketed into the trillions. “Just as the global financial crisis was met with a swift and concerted response from world leaders, we need governments to understand that the economic impact of climate change necessitates a response of similar speed and decisiveness,” said John W.H. Trump has promised to undo climate regulations in the country, including rolling back pollution limits on tailpipes and power plants. Separate data released last week by Europe’s Copernicus Climate Change Service confirms that the world will likely surpass a grim milestone this year: 2024 is likely to be the hottest year on record.

Persons: Hurricane Helene, Hurricane, ”, John W.H, Denton AO, Donald Trump, Trump, ” Denton, Europe’s Copernicus Organizations: CNN, International Chamber of Commerce, United Nations, ICC Locations: Hurricane, Hurricane Milton, CoreLogic, Azerbaijan, Paris

☆ The 2 things that will drive the stock market after last week's Trump-Fed rally
▼ + stars: | 2024-11-10 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Stock Chart Icon Stock chart icon Performance since Nov. 1 closeThe stock market reaction Wednesday to Republican Donald Trump's victory over Democrat Kamala Harris was swift and powerful, sending the Dow , the S&P 500 and the Nasdaq to all-time highs. For the week, consumer discretionary, energy, industrials, financials, and information technology were the top five sectors. Only time will tell how the balance of power will play out and whether it's good or bad for the stock market. Barring anything catastrophic, President Joe Biden and Vice President Harris will hand Trump the baton of a healthy economy with moderating inflation and a strong stock market. Stock Chart Icon Stock chart icon Disney YTDDisney reports before the bell Thursday, and its experiences business will be in focus as it has softened recently due to the recent hurricane activity that forced closures at Florida theme park locations and inflation-weary consumers.

Persons: Donald Trump, Jerome Powell, Drew Angerer, Republican Donald Trump's, Kamala Harris, Dow, Jim Cramer, Wells Fargo Morgan Stanley, Trump, Joe Biden, Harris, FactSet, Helene, Milton, we're, Disney's, Tyson, JD.com Organizations: Federal, White House, Republican, Dow, Nasdaq, Staples, Honeywell, White, Capitol, Republicans, NBC News, Trump, Depot, Disney, CPI, PPI, Home Depot, Summer, IAC, Hertz, Tyson Foods, TSN, AstraZeneca, Occidental Petroleum, Rocket Companies, Cisco, Parts Locations: Washington ,, financials, Washington, inflect, Florida, Paris

☆ FEMA employee fired after advising disaster relief team not to visit homes with signs supporting Donald Trump
▼ + stars: | 2024-11-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +1 min

A Federal Emergency Management Agency employee was fired after recently advising a disaster relief team to not visit homes with yard signs that support President-elect Donald Trump. FEMA did not clarify where the incident happened, or when, and the employee has not been identified. But in a statement on Saturday, FEMA Administrator Deanne Criswell called the incident "reprehensible." Ron DeSantis said he directed the state's Division of Emergency Management to launch an investigation into "the federal government’s targeted discrimination of Floridians who support Donald Trump." The hurricanes left over 200 people dead in their wake, including in North Carolina and Georgia, and many structures destroyed.

Persons: Donald Trump, Deanne Criswell, Criswell, Ron DeSantis, Harris, DeSantis, Milton Organizations: Emergency Management Agency, FEMA, NBC News, Florida Gov, state's Division, Emergency Management, Biden Locations: Florida, North Carolina, Georgia

☆ FEMA fires employee who told Florida relief workers to skip Trump supporters
▼ + stars: | 2024-11-09 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Federal Emergency Management Agency (FEMA) Administrator Deanne Criswell stands next to a track map of Hurricane Ian, during a press conference at FEMA Headquarters on September 28, 2022 in Washington, DC. The Federal Emergency Management Agency on Saturday confirmed that it fired an employee who had instructed relief workers in Florida to not go to homes with yard signs in support of then presidential candidate Donald Trump. "This is a clear violation of FEMA's core values and principles to help people regardless of their political affiliation," FEMA Administrator Deanne Criswell wrote in a statement. Ron DeSantis on Friday blasted the Biden administration for the incident and said he had ordered the Division of Emergency Management to investigate the "targeted discrimination of Floridians who support Donald Trump." At the time of the hurricane damage, Criswell slammed Trump for spreading misinformation about the status of FEMA's disaster relief funding

Persons: Deanne Criswell, Hurricane Ian, Donald Trump, Criswell, Ron DeSantis, Biden, Harris, DeSantis, Kamala Harris, Hurricane Milton Organizations: Emergency Management Agency, FEMA, FEMA Headquarters, Federal Emergency Management Agency, Trump, Florida's Republican Gov, Division, Emergency Management, Biden Locations: Hurricane, Washington ,, Florida, Coast

☆ FEMA employee removed from role after telling relief team to skip houses with Trump signs after Florida hurricane
▼ + stars: | 2024-11-08 | by ( Mary Kay Mallonee | ) edition.cnn.com time to read: +2 min

CNN —A Federal Emergency Management Agency employee has been removed from her role after she advised her disaster relief team to avoid homes with signs supporting President Donald Trump while canvassing in Florida in the aftermath of Hurricane Milton, the agency said Friday. A FEMA spokesperson told CNN in a statement the agency is “deeply disturbed by this employee’s actions” and the incident is under investigation. The agency did not identify the employee. An aerial view shows homes destroyed by Hurricane Milton in Fort Pierce, Florida, on October 10, 2024. Ron DeSantis said following reports of the incident Friday that he had directed state officials to investigate the matter.

Persons: Donald Trump, ”, Hurricane Milton, John Falchetto, Ron DeSantis, Harris, “ Organizations: CNN, Emergency Management Agency, FEMA, Getty, Trump, Florida Gov, Biden, Republican, Division, Emergency Management Locations: Florida, Hurricane Milton, Hurricane, Fort Pierce , Florida, AFP, Lake Placid , Florida

☆ Telsey upgrades Home Depot, sees Fed rate cuts as a boost to shares
▼ + stars: | 2024-11-08 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Home Depot could be a beneficiary of the Federal Reserve's latest rate cutting cycle, according to Telsey Advisory Group. The investment firm upgraded shares of the home improvement retailer to outperform from market perform ahead of Home Depot's third-quarter earnings release on Tuesday. Analyst Joseph Feldman also lifted his price target to $455 from $360, which implies upside of 14% from Thursday's close. As a catalyst, Feldman cited upcoming Fed rate cuts. Home Depot shares are up more than 15% year to date.

Persons: Joseph Feldman, Feldman, Hurricanes Helene Organizations: Advisory, Fed, Traders, Hurricanes, Home Depot Locations: Thursday's, Milton

☆ The Federal Reserve gives Americans another interest-rate cut
▼ + stars: | 2024-11-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Federal Reserve cut interest rates by 25 basis points on Thursday. AdvertisementAnother interest-rate cut is headed Americans' way. On Thursday, the Federal Open Market Committee announced a 25-basis-point interest-rate cut after a 50-basis-point cut in September. AdvertisementGiven the lag in monetary policy, the interest-rate cuts won't give Americans immediate relief on their credit cards, housing, or car loans. Still, some Democratic lawmakers urged the Fed to implement another 50-basis-point cut to give Americans more financial relief.

Persons: —, Donald Trump, Trump, Matthew Ryan, Jerome Powell, Milton, Helene —, Elizabeth Warren, John Hickenlooper, Powell Organizations: Reserve, Service, Federal, Market, Trump, Boeing, Fed Locations: Sens

☆ 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

☆ 2024 will be the first year on record to smash a warming limit scientists warned about
▼ + stars: | 2024-11-06 | by ( Brandon Miller | Ella Nilsen | ) edition.cnn.com time to read: +4 min

Nearly all the world’s countries pledged to strive to keep global warming under 1.5 degrees Celsius in the Paris Agreement, which scientists said would prevent cascading and worsening impacts such as droughts, heat waves and catastrophic sea level rise. Data released Wednesday by Europe’s Copernicus Climate Change Service shows 2024 is “virtually certain” to shoot above that threshold. “We don’t have time to stop,” Alex Scott, a climate diplomacy strategist at international think tank ECCO said Wednesday. It would be a more “serious” and “dramatic” step, said Alden Meyer, senior associate at climate think tank E3G and a longtime international climate expert. With Trump’s reelection, global climate negotiations are facing another whiplash moment as Americans seesaw between presidential extremes, said Meyer.

Persons: Europe’s Copernicus, Donald Trump, ” Alex Scott, Trump, ” Scott, Apu Gomes, Alden Meyer, Meyer, “, ” Meyer, Copernicus Organizations: CNN, America, Service, Trump, United Nations, European Union, Milton Locations: Paris, San Bernardino, California, China, Florida, Spain, Fuji, Japan

☆ Investors are better off keeping politics at the polls. Here’s why
▼ + stars: | 2024-11-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +4 min

Still, investors don’t appear to be letting their jitters get to them — at least not entirely. “Valuations at the market level and individual stock level are always the key to long-term performance. You may have a lot of noise in the short term, but for long-term investors, it’s always going to be all about valuation,” he said. An election year analysis from Danny Noonan at Morningstar Wealth found that investors are significantly better off in the long run if they ignore politics. For investors, that suggests the best strategy may be to keep calm, trade on — and leave the politics at the polling place.

Persons: ”, Keith Lerner, Wall, Helene, Milton, Lerner, Kamala Harris, Donald Trump, Brent Schutte, Dave Sekera, it’s, Danny Noonan, Noonan Organizations: New, New York CNN, Federal Reserve, Northwestern Mutual Wealth Management Company, Morningstar, Morningstar Wealth, Democrat, Republican, they’d Locations: New York, United States

☆ Google and Meta are blocking political ads to combat misinformation. Some experts say it’s too late
▼ + stars: | 2024-11-05 | by ( Clare Duffy | ) edition.cnn.com time to read: +11 min

Meta last week began blocking advertisers from creating or running new ads about US social issues, elections or politics across its platforms, including Facebook and Instagram. But experts say that previous moves by social media companies — such as cutting their own internal safety teams — could undercut their current efforts. Former President Donald Trump and many of his supporters have already made repeated false claims that Democrats are cheating in the election. But since then, those companies have made cuts to those teams and walked back policies designed to restrict false claims about politics and elections. Last year, they said they would no longer remove false claims that the 2020 election was stolen.

Persons: TikTok, Elon Musk, Donald Trump, What’s, Twitter, Musk, we’ve, ”, Sacha Haworth, ” Imran Ahmed, “ It’s, —, Trump, Helene, Harris, Ahmed’s CCDH, Ahmed, ” Ahmed, Leslie Miller, ” Mann, X, Biden, Kamala, Kamala Harris Organizations: New, New York CNN, Facebook, Google, Meta, Capitol, Tech, Center, CNN, Biden, Trump, YouTube, ” Meta, Associated Press, Integrity Locations: New York, Milton, U.S

☆ Tropical Storm Rafael to become a hurricane before Cuba landfall Wednesday
▼ + stars: | 2024-11-05 | by ( Hanna Park | ) edition.cnn.com time to read: +4 min

CNN —While Tropical Storm Rafael winds remained consistent Monday night, the storm is forecast to strengthen Tuesday and become a hurricane Wednesday, bringing destructive winds and heavy rainfall to the western Caribbean and southern Florida by midweek. Tropical storm watch alerts were issued for the Florida Keys on Monday, joining the existing warnings for Cuba, Jamaica and the Cayman Islands. The Cuban provinces of Cienfuegos, Villa Clara, Sancti Spiritus, and Ciego de Avila, are under Tropical Storm Warnings after being upgraded from Tropical Storm Watch. Ilda Gallardo and her daughter Marley Millian watch a local TV news program as Tropical Storm Rafael approaches, in Playa Baracoa, Cuba, November 4, 2024. Tropical Storm Rafael will also create rough seas and significant storm surges, with expected inundation of up to 3 feet in the Cayman Islands and as much as 9 feet in western Cuba above normal tide levels.

Persons: Rafael, Villa Clara, Sancti, Ciego de Avila, Ilda Gallardo, Marley, Norlys Perez, Milton, Michael Lowry Organizations: CNN, National Hurricane Center, Islands, Hurricane, Wednesday, Florida, Tropical Storm, NHC, Reuters, Radio Jamaica News, Tropical Locations: Caribbean, Florida, Kingston , Jamaica, Grand, Jamaica, Cuba, Cayman, Cayman Islands, Gulf Coast, Cuban, Cienfuegos, Islands, Playa Baracoa, Mexico

After leaving the workforce during the pandemic because she couldn’t find affordable child care, Longenecker said her family has been economizing. But her husband recently got a new job that pays more per hour and with lower health care costs. Her husband’s side gig has been “flourishing,” giving them steady monthly income and a glimpse of a future beyond waiting tables. Her monthly retirement income of around $7,600 is comfortable, but homeowners insurance, utilities and long-term care costs are weighing on her. Keys said Harris has put forth clearer economic policies, like her plan to offer first-time homebuyers $25,000 in downpayment assistance.

Persons: Kamala Harris, Donald Trump, Harris, Stefanie Longenecker, Longenecker, she’s, I’m, they’re, ”, ” Longenecker, Stefany Serna, He’s, “ We’ve, ” Serna, Serna, “, Serna isn’t, Lucy Haverfield, ” Haverfield, Hurricane Milton, Helene, Milton, Trump, “ I’m, Nancy Breland, hasn’t, Breland, “ I’ve, Otis Keys, ” Keys, Keys, Becky Melvin, Trump’s “, multibillionaire Tesla, Elon Musk, —, Melvin Organizations: NBC, Biden, Pa ., Trump, YouTube, ” Times, Social, Social Security, UPS, Teamsters Locations: Palmyra, Pa, Palmyra , Pennsylvania, China, Coral Gables , Florida, Alva , Florida, Hurricane, Florida, Alva, Fla, Canada, Georgia, Dallas, Jacksonville, America, Jacksonville , Florida

☆ Caribbean disturbance likely to become hurricane before it moves into Gulf
▼ + stars: | 2024-11-04 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +5 min

A tropical disturbance in the Caribbean is likely to become a hurricane as it passes over Cuba and into the Gulf of Mexico by midweek, federal forecasters said Sunday. The Air's Force 53rd Weather Reconnaissance Squadron, using Super Hercules fixed-wing aircraft, got a close look Sunday, the hurricane center said in an afternoon forecast discussion. Still, the upward movement of warm air and precipitation wasn't intense enough to call the disturbance a tropical depression, the hurricane center said. At 39 mph it becomes a tropical storm, which could happen early Tuesday, according to hurricane center forecasts. Storm threatsIn the meantime, the hurricane center said, hurricane conditions are possible within 48 hours on the Cayman Islands.

Persons: Philip Klotzbach, Rafael, Sara, It's, Kim Wood Organizations: National Hurricane Center, Air's Force, Weather Reconnaissance Squadron, Colorado State University, Oceanic, Atmospheric Administration, NOAA, University of Arizona, Hurricane, Environmental Protection Agency Locations: Caribbean, Cuba, Gulf, Mexico, Florida, Kingston , Jamaica, of Mexico, Gulf Coast, Atlantic, Cayman Islands, Jamaica, Gulf of Mexico

☆ 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

☆ Tropical Storm Rafael is coming soon. It poses an uncertain threat to the US Gulf Coast
▼ + stars: | 2024-11-04 | by ( Mary Gilbert | ) edition.cnn.com time to read: +3 min

Tropical Depression Eighteen formed in the Caribbean Sea on Monday morning and is forecast to strengthen and become Tropical Storm Rafael Monday afternoon. Anyone from the US Gulf Coast and the northeastern Mexico coast will need to monitor updates closely. Potential Tropical Cyclone Eighteen, now called Tropical Depression Eighteen, churns in the Caribbean at sunrise Monday morning. CIRA/RAMMBEarly forecasts from the hurricane center show the system’s center reaching the US Gulf Coast later this weekend anywhere from the Florida-Alabama border to Louisiana. Hurricane and tropical storm alerts are already in effect early Monday for Cuba, Jamaica and the Cayman Islands.

Persons: Tropical Storm Rafael, Rafael, Helene, Milton, Michael Lowry, Robert Shackelford Organizations: CNN, Tropical Storm, National Hurricane Center, Coast, Gulf, Florida -, Atlantic Locations: United States, Cuba, Gulf of Mexico, Gulf, Mexico, Caribbean, Florida, Florida - Alabama, Louisiana, Jamaica, Cayman Islands, Hispaniola, Haiti

☆ How Is Climate Change Affecting Teenagers?
▼ + stars: | 2024-11-04 | by ( Charley Locke | ) www.nytimes.com time to read: +14 min

Currie is still grappling with what she lost, including her ability to turn away from climate change. Ajayi believes that once people connect the dots on the effects of climate change, they’ll start to take action. Photographs by Tatsiana Chypsanava When Sara Saumanaia thinks about climate change, she thinks about both of her homes. The area is especially vulnerable to the effects of climate change; after a heavy rain, the streets around Saumanaia’s home regularly flood. Once, during a lesson on climate change, Saumanaia’s science teacher asked if anyone in the class was from Tuvalu.

Persons: Hurricane Milton, Michael Miranda’s, Meridith Kohut, Lucy Currie, Grant Harder, Currie, ” Currie, ’, “, doesn’t, ”, “ I’ve, Obama Mchembe, Tanzania Obama Mchembe, Anna Boyiazis Obama Mchembe, ‘, ’ Mchembe, ” Mchembe, Ayesha Ali, Bangladesh Ayesha Ali, Fabeha Monir, Ali, it’s, ” Ali, — Ali, Daniela Bazán, Peru Daniela Bazán, Florence Goupil Daniela Bazán, ’ ’, ’ Bazán, Ireoluwa Ajayi, Yagazie Emezi, Ireoluwa, Ajayi, Athanasios Kosteas, Enri Canaj, Kosteas, Thanasis, Sara Saumanaia, Tuvalu Sara Saumanaia, Tatsiana Chypsanava, ” Saumanaia, there’s, They’re Organizations: dala dala, Unicef, Pacific, oohed Locations: Hurricane, Fla, Jasper, Alberta, Jasper , Alberta, Canada, Toangoma, Tanzania, cassia, Dhaka, Bangladesh, Huaraz, Peru, Peruvian, Ota, Nigeria, Yagazie Emezi Ota, Lagos, Lagos State, Kalamata, Greece, Christchurch , New Zealand, Tuvalu, Christchurch’s, New Zealand, Christchurch, Maori, Saumanaia, Funafuti

Whoever is elected the 47th president of the United States will start with a rare and clear advantage: a remarkably solid economy. Tuesday’s election will show how much that all matters to voters, who will soon decide which candidate they want to entrust the economy to from here. But to regular American households, it’s more of a “Yes, but” economy: Yes, the job market is strong, but my boss wants me in five days a week, and that doesn’t work for me anymore. Yes, inflation has fallen, but I can’t afford day care. Prices across the rest of the service economy were 4.7% higher overall, and medical care was up 3.9%.

Persons: Kamala Harris, Donald Trump, Spencer Platt, Yuki Iwamura, they’re, Helene, Milton, Patrick T, Fallon, Harris, ”, Greg Valliere, Joe Biden wasn’t, Trump, Karoline Leavitt, “ Kamala Organizations: Investment, Stock, Getty, Consumer, Bloomberg, CNBC, First Street Foundation, NBC, AGF Investments, Biden Locations: United States, Ukraine, Israel

The Summary FEMA and NOAA have become politicized as the frequency and severity of natural disasters have increased. With the neck-and-neck 2024 election just days away, the futures of the federal agencies responsible for weather forecasting, climate change research and disaster recovery hang in the balance. And with it, they’ve become a target for some conservatives who are skeptical of climate change and want to slash government budgets. “Climate change is a very unique problem in that, like most environmental problems, it doesn’t respect our political boundaries and it doesn’t respect our state boundaries,” he said. “We need centralized federal agencies to respond to climate change, agencies that can handle big, significant, multistate disasters at the appropriate scale.”

Persons: they’ve, Donald Trump, Elon Musk, Trump, ”, Craig Fugate, Obama, It’s, “, Helene, Milton . Trump, Jared Moskowitz, Ron DeSantis, Hurricane Michael, ” Moskowitz, Rick Scott, Milton, Hurricane Milton, Pete Beach, Tristan Wheelock, Fugate, ” Matthew Sanders, ” Sanders, Matthew Burgess, ” Burgess, DeNa Carlis, Sanders Organizations: FEMA, NOAA, Oceanic, Atmospheric Administration, Federal Emergency Management Agency, Heritage Foundation, Trump, NBC, National Weather Service, Emergency Management, Gov, North, Hurricane, Bloomberg, Getty, Environmental, Stanford University, College of Business, University of Wyoming, ”, NWS Locations: United States, Milton, U.S, Florida, ”, North Carolina, St, Pete Beach , FL

☆ Companies brace for Tuesday: Mentions of election surge on earnings conference calls
▼ + stars: | 2024-11-02 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Octavio Jones | ReutersExecutives at America's largest companies are talking publicly with investors about the presidential election more so than in recent cycles. The word "election" came up on 100 earnings calls of S&P 500 -listed firms between Sept. 15 and Oct. 31, according to FactSet. The U.S. presidential election is Tuesday Nov. 5. 'Prudent' clientsMultiple companies cited a feeling of unpredictability tied to the presidential race among consumers and business clients. To be sure, some of the "election" mentions this year were tied to unrelated events like enrollment periods for health care.

Persons: Blythe Andrews , Jr, Octavio Jones, Kamala Harris, Donald Trump, Richard Tobin, FactSet, John Butters, Harris, Trump, Harry Lawton, Hurricanes Helene, Andrew Watterson, Michael Bayley, Gary Hershorn, Stanley Black, Decker, Donald Allan, Decker's Allan, William Grogan, Jon Vander Ark, Eric Ashleman, hasn't, Nonfarm payrolls, Equifax, Mark Begor, Stephen Squeri, we've, Mark Parrell Organizations: Public, Reuters, America's, CNBC, U.S, Dover, Tractor Supply, Hurricanes, Southwest Airlines, Royal, Hollywood International Airport, Corbis, Republican, Republic, Boeing, Tyler Technologies, American Express, Equity Locations: Tampa , Florida, U.S, Milton, Royal Caribbean, Fort Lauderdale, Fort Lauderdale , Florida, America, China

☆ Berkshire’s cash soars to $325 billion as Buffett sells Apple, BofA; operating profit falls
▼ + stars: | 2024-11-02 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

Profit also rose at the BNSF railroad, which shipped more consumer goods, and Berkshire Hathaway Energy, where operating expenses declined. It has now sold more than 600 million of the iPhone maker’s shares in 2024, though Apple remained Berkshire’s largest stock holding, at $69.9 billion. The sales comprised a large portion of the $36.1 billion of stock, including several billion dollars of Bank of America shares, that Berkshire sold in the quarter. Operating profit from Berkshire’s dozens of businesses fell to $10.09 billion, or about $7,019 per Class A share, from $10.76 billion a year earlier. This more than offset a near doubling of underwriting profit at Geico.

Persons: CNN — Warren Buffett, Berkshire Hathaway, Hurricane Helene, Apple, Buffett, Helene, Whittaker Clark, Daniels, Greg Abel Organizations: CNN, Apple, Berkshire Hathaway Energy, Bank of America, Berkshire, Hurricane Milton Locations: Berkshire, Geico . Berkshire, Hurricane, Florida, Omaha , Nebraska

☆ 4 retail stocks that look good even if the holiday shopping season is soft
▼ + stars: | 2024-11-02 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

The holiday shopping season is upon us, and our retail stocks are well-positioned to thrive, according to Wall Street research firm Telsey Advisory Group. Telsey Advisory expects value-seeking to be a key theme among shoppers this year, which puts companies with reputations for good deals on solid ground. Overall, the firm expects holiday retail sales up between 3% to 3.5% this year, compared with 4.6% growth last year and a 5.4% increase in 2022. Costco has had a good year so far, and that should continue in the final months of 2024, Telsey Advisory argued. Big picture Telsey Advisory selecting these four Club stocks as preferred names this holiday season reflects their competitive chops within their respective categories.

Persons: Dana Telsey, Milton, we've, Jim Cramer's, Jim Cramer, Jim, Thomas Trutschel Organizations: Telsey Advisory, Costco, TJX Companies, Telsey, Walmart, CNBC, National Retail Federation, Hurricanes, U.S, Amazon Prime, Photothek, Getty

☆ DOJ and FBI's limited scope on election lies and Obamacare for DACA recipients: Morning Rundown
▼ + stars: | 2024-11-01 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +7 min

The DOJ and FBI are preparing to combat election lies but have limited authority. Affordable Care Act coverage is available for DACA recipients for the first time. For the DOJ that means setting up an Election Threats Task force, focusing on the prosecutions of people who threaten election officials. To understand how that might play out, NBC News interviewed current and former Justice Department and FBI officials, as well as legal experts. For many DACA recipients who are unable to get job-based health insurance, a lack of access to government-funded programs meant their insurance options were limited or too expensive.

Persons: Donald Trump, “, ”, —, Trump, don’t, Read, Helene, Milton, Sarahi, Young Thug, Georgia’s, Sean “ Diddy ” Combs, Nicole MacDonald, isn’t, Biden, they’d, — Rich Bellis, Elizabeth Robinson Organizations: DOJ, FBI, Affordable, Trump, Justice Department, NBC News, Boeing, of Labor Statistics ’, University of Washington, Republican, Atlanta, NFL, NBC Locations: U.S, Swedish

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