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Still, “lack of flood insurance is the largest insurance coverage gap we see across the United States,” he said. Here’s what you’re likely to encounter if you’re shopping around for flood insurance policies. Flood insurance 101Homeowners with mortgages are almost always required to have home insurance by their lenders. Most flood insurance is offered through the federally backed National Flood Insurance Program, a part of the Federal Emergency Management Agency. The NFIP estimates that more than 40% of NFIP flood insurance claims come from outside high-risk flood zones.
Persons: Helene, Mark Friedlander, , Rebecca Blackwell, policyholders, Melissa Sue Gerrits, Friedlander, Andy Neal, Milton, Neal, Scott Hawkins, ” Hawkins Organizations: New, New York CNN, Insurance Information Institute, CNN, Flood Insurance, Federal Emergency Management Agency, AP, FEMA Locations: New York, North Carolina, United States, Gulf, Mexico, Hurricane Milton, Englewood , Florida, Swannanoa , North Carolina
A National Geographic documentary crew may have found partial remains of the foot of Andrew “Sandy” Irvine, the famed mountaineer who disappeared on Mount Everest 100 years ago. The climbers were trekking Everest in late September when they spotted a disembodied foot inside of a boot that appeared perfectly preserved yet undeniably old. It is not known whether the pair ever reached the summit — an important Everest mystery among climbers and historians alike. Fisher’s documentary team, which included photographer and director Jimmy Chin and filmmaker Erich Roepke, came across the boot while exploring the Central Rongbuk Glacier on the northern side of Mount Everest. “We haven’t done DNA tests yet, so we can’t 100% say with certainty that this is indeed Irvine’s boot, but like I said, the nameplate is perfectly stitched on there.
Persons: Andrew “ Sandy ” Irvine, , A.C, Mark Fisher, ’ ”, George Mallory, Edmund Hillary, Tenzing Norgay, Irvine, Mallory, Jimmy Chin, Erich Roepke, Mount Everest, Fisher, ” Fisher, we’re Organizations: Geographic, Mount Everest, AP Locations: A.C Irvine, ’ ” Irvine, Mount, Irvine, Idaho, British,
The S&P 500 and the Dow Jones Industrial Average rose to fresh records Monday as investors awaited the next batch of key corporate earnings. The broad market index climbed 0.77% to 5,859.85, while the 30-stock Dow advanced 201.36 points to 43,065.22. Both averages hit all-time highs and closed at records, with the Dow ending the session above the 43,000 mark for the first time. The early signs of a recovery in banking profits helped push the broader market to all-time highs at the end of last week. The S&P 500 closed above 5,800 for the first time on Friday, while the blue-chip Dow also reached an all-time high.
Persons: Goldman Sachs, Johnson, Morgan Stanley, Wells Fargo, Dow, Bernstein, , Baird, Ross Mayfield Organizations: Dow Jones, Dow, Nasdaq, UnitedHealth, Apple, Technology, Bank of America, Johnson, United Airlines, Walgreens Boots Alliance, Netflix, Procter, Gamble, JPMorgan Chase, Federal, Treasury, Columbus Day
Dow Jones Industrial Average futures are near flat Monday night after the blue-chip index closed at a record. S&P 500 futures and Nasdaq 100 futures also both traded near their flatlines. Those moves come after a winning day on Wall Street that propelled the S&P 500 and Dow to new intraday highs and record closes. Information technology stocks led the S&P 500 higher in the session, with the sector finishing nearly 1.4% higher. Beyond banks, United Airlines , Walgreens Boots Alliance and Johnson & Johnson are also on the docket.
Persons: Scott Chronert, Goldman Sachs, Johnson, Mary Daly, Raphael Bostic, Adriana Kugler Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Nvidia, Citigroup, Bank of America, United Airlines, Walgreens Boots Alliance, Johnson, San Francisco Federal, Atlanta Fed Locations: New York City, Citi's, United
Bridgette Bello thought she’d taken proper precautions to protect against Florida’s notorious hurricanes, having purchased flood insurance as well as a separate hurricane-specific policy, in addition to her regular homeowners coverage. That’s because flooding caused much of the property damage — and most homeowners insurance policies do not cover any flood impact. A resident cleans the front of his mobile home in Sarasota, Fla., on Oct. 10 after Hurricane Milton. Eva Marie Uzcategui / The Washington Post - Getty ImThe insurance industry is categorizing Hurricane Helene as an almost entirely flood-driven event. The National Flood Insurance Program (NFIP), the government-backed plan covering 95% of flood insurance policyholders in America, only covers losses up to 50% of what it deems a property to be worth — not including the land that the property sits on.
Persons: Bridgette Bello, she’d, Helene, , Milton, Bello, , , Rick Tutwiler, Hurricane Milton, Eva Marie Uzcategui, Amy Bach, Mark Friedlander, Friedlander, adjusters, ” Friedlander, ” Patti Drew’s, Deborah, Drew, didn’t, “ I’m, Shane Ostrander, Ostrander, Kathleen Flynn, she’s, Martin Weiss, Weiss, Chip LaMarca Organizations: Associates, NBC, Hurricane, Washington Post, Insurance Information Institute, Federal Emergency Management Agency, FEMA, Flood Insurance, NBC News, , Broward County Republican Locations: Madeira Beach, Tampa, Milton, Florida, Sarasota , Fla, , Punta Gorda, Florida’s, Charlotte County, America, Fort Pierce, Fla, Orlando, Broward County
County election officials in Florida, meanwhile, are facing a potential new challenge after Hurricane Milton made landfall on its western coast late Wednesday. Other county election offices in the state similarly said this week that that they would perform fresh assessments of their election infrastructure following Milton. 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. “We should have the most poll workers we’ve ever had here in Oconee County,” said Ryan Nowland, assistant director of Oconee County elections.
Persons: Hurricane Helene, “ I’ve, , Mary Beth Tipton, “ We’ve, ” Tipton, Yancey County, Hurricane Milton, , ” Brian Corley, Milton, Robert Inman, Inman, Cliff Marr, Marr, ” Marr, Helene, Karen Brinson Bell, Bell, Corinne Duncan, Duncan, ” Duncan, Christopher Heath, Ron DeSantis, Corley, Bill Nye, CNN Kari Ewalt, Osceola, ” Ewalt, they’re, Conway Belangia, I’ve, Belangia, Connie Gore, Cecelia Smith, Crystal Vander, Miguel J, Rodriguez Carrillo, Robert Turick, Turick, 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, 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, ” Belangia, we’ve, Ryan Nowland, “ We’re, everyone’s Organizations: CNN, Trump, Hurricane, “ Communications, Republican, Republican Gov, Voters, Osceola County’s, South, USA, AFP, Getty, AP, Daytona, 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 Locations: Carolina, Hurricane, North Carolina’s Yancey County, Yancey, Florida, Florida’s Pasco County, North Carolina, North Carolina’s, Haywood County, North Carolina’s Polk County, , Buncombe County, Asheville, Covid, Orange County, Milton, Pasco County, South Carolina, Greenville County, ” County, Martin County , Florida, Port St Lucie , Florida, 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, St . Petersburg, Punta Gorda, Odessa , Florida, Venice, Matlacha , Florida, Palmetto Beach, Tampa, Bradenton , Florida, St . Petersburg , Florida, Clearwater, AFP, Sarasota , Florida, Segundo, Davis, Fort Myers , Florida, Wellington , Florida, Palm, Ocala , Florida, County, Wellington, Orlando, 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, St, Pete Beach , Florida, Treasure, Fort Myers Beach, Progreso, New Port, Kissimmee , Florida, Pickens County, Oconee County, Oconee
Boeing agreed in July to plead guilty to conspiring to defraud regulators. Prosecutors arrived at the plea agreement after an extensive investigation and a series of meetings with the families, prosecutors said. He argued the judge should accept the plea agreement. The Justice Department argued that the penalties Boeing agreed to were the most serious available. During a three-year probationary period that followed, Boeing agreed to improve its quality issues and transparency with the government.
Persons: Max, Reed O’Connor, Judge O’Connor, Paul Cassell, , , Sean Tonolli, Department’s, Boeing “, ” Mark Filip, Organizations: New, New York CNN, Boeing, US Justice Department, Prosecutors, Justice Department, Alaska Airlines, Department, Federal Aviation Administration, FAA Locations: Fort Worth , Texas, New York, United States, Alaska
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
Flood waters inundated a neighborhood after Hurricane Milton came ashore on October 10 in Punta Gorda, Florida. Andrew West/The News-Press/USA Today Network/Imagn Images A vehicle drives though a flooded street after Hurricane Milton in Siesta Key on Thursday. Rebecca Blackwell/AP The roof of Tropicana Field, destroyed by Hurricane Milton, is seen in St. Petersburg on Thursday. 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.
Persons: Hurricane Helene, Hurricane Milton, Ron DeSantis, Joe Raedle, Milton, Helene, ” Mark Friedlander, , , Hurricane Ian, Giorgio Viera, Rebecca Blackwell, Ricardo Arduengo, Liz Kelly, Matt, Andrew West, Chandan Khanna, Nadia Zomorodian, Julio Cortez, Austin, Sean Rayford, Marta Lavandier, Jefferee Woo, Cristobal Herrera, 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, 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, Floridians ’, Denise Rappmund, Rappmund, Bobby Atwood, Atwood, won’t, isn’t Organizations: New, New York CNN, Property Insurance Corp, Citizens, Dade, , Insurance Information Institute, CNN, DeSantis, Republican, CNBC, Hurricane, Getty, AP, USA, Daytona, 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, Moody’s Investors Service Locations: New York, Florida, Miami, Monroe, Hurricane, Punta Gorda , Florida, Central Florida, Lakewood Park , Florida, Siesta Key, North Fort Myers , Florida, Siesta, Volusia, South Daytona , Florida, Bradenton Beach, St . Petersburg, Punta Gorda, Odessa , Florida, Venice , Florida, Matlacha , Florida, Palmetto Beach, Tampa, Bradenton , Florida, Venice, St . Petersburg , Florida, Clearwater, AFP, Sarasota , Florida, Segundo, Davis, Fort Myers , Florida, Wellington , Florida, Palm, Ocala , Florida, County, Wellington, Orlando, 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, St, Pete Beach , Florida, Treasure, Fort Myers Beach, Progreso, New Port, Kissimmee , Florida, Milton
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Persons: I've, I'm, we've, you've, vacuums, Jolene Loafer, Pullover, Taylor Organizations: Business, Deal, iRobot, Paris Chatelet Air, Alexa, Amazon, Amazon Philips, Taylor Tote
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Persons: I've, I'm, we've, Jolene Loafer, Pullover, Loren, LQ Organizations: Business, Deal, iRobot, Paris Chatelet Air, Samsung, Dolby, Alexa, Amazon, Amazon Philips, Philips
PALM DESERT, Calif. — LeBron James and his son, Bronny, made NBA history Sunday night when they played together for the first time during the Los Angeles Lakers’ preseason game against Phoenix. LeBron and Bronny are the first father and son to play in any NBA game at the same time, let alone on the same team. Bronny James entered the game as a substitute to begin the second quarter, joining his father on the court out of the timeout. LeBron James is beginning his record-tying 22nd season in the NBA, while LeBron James Jr. — known to all as Bronny — was the Lakers’ second-round draft pick this summer. LeBron sat out of the Lakers’ preseason opener against Minnesota last Friday night, resting up after a full week of training camp following a busy summer.
Persons: LeBron James, Bronny, James family’s, Bronny James, LeBron James Jr, , LeBron, JJ Redick, Savannah, Bryce, Zhuri, Anthony Davis, Redick, they’ve, they’ll, Ken Griffey, Gordie Howe, Marty, Mark Organizations: Los Angeles Lakers ’, Phoenix, NBA, Acrisure, Lakers, University of Southern, South Bay Lakers, G, Minnesota, Timberwolves, Cleveland Cavaliers, U.S, Paris Olympics, Suns, North, Seattle Mariners, MLB, WHA’s Houston Aeros, NHL’s Hartford Whalers Locations: Calif, University of Southern California, Los Angeles, Savannah Brinson, North American
A billionaire minimum tax is one of several proposals pushed by Democrats in recent years to tax the rich. Harris has specifically called for raising the top tax rate on millionaires with long-term realized capital gains from 20% to 28%. Harris’ proposal to increase the tax rate on realized capital gains to 28% would apply to taxpayers with income over $1 million. How a tax on unrealized capital gains would workLet’s discuss how a billionaire minimum tax – which is, on a basic level, a tax on unrealized capital gains – would impact a homeowner. If passed, a billionaire minimum tax – an unprecedented tax on income not yet received – would likely face many legal challenges.
Persons: Kamala Harris that’s, , , Mark Friedlich, Harris, hasn’t, Biden, Joe Biden, Erica York, it’s, ” Friedlich, Ron Wyden, Joe Manchin, Kyrsten, inheritances Harris hasn’t, Biden’s Organizations: Washington CNN, IRS, Wolters Kluwer, Accounting, Biden, Tax, Oregon Democrat, Senate Locations: Altrata, Oregon, Sens, West Virginia, Arizona
Once upon a time, Heather Graham really wanted to play a murderer. Fresh off career-making turns as the porn star Rollergirl in "Boogie Nights" and the short shorts-wearing CIA agent Felicity Shagwell in "Austin Powers: The Spy Who Shagged Me," Graham wasn't having trouble getting work. "I'm just really intrigued, not only as an actress but as an audience member, by movies that are from a female storytelling perspective." But Graham didn't dwell on what could have been. The network just didn't really believe in it, and they pulled it after an episode.
Persons: Heather Graham, Fresh, Felicity Shagwell, Austin Powers, Graham wasn't, Patty Jenkins, Aileen Wuornos, Graham, Jenkins, I'm, Charlize Theron, Graham didn't, Ann, imbuing, Kyle MacLachlan, Julia Stiles Heather Graham, Bridget Jones, Julia Stiles, I'd, Heather, hadn't, she'd, Richard Cartwright, could've, Liane Moriarty, Deb Fisher, Ginny, Georgia, Annie, Annie didn't, David Lynch, Cooper, Lara Flynn Boyle, weren't, Mark Frost Organizations: CIA, Disney, Entertainment, Getty, ABC
CNN —Republican former Rep. Liz Cheney will campaign with Vice President Kamala Harris in Wisconsin on Thursday, touting her endorsement of the Democratic presidential nominee in the crucial battleground state, a senior campaign official told CNN. Cheney, who previously told CNN she was committed to doing what was necessary to stop Trump from returning to the White House, endorsed Harris last month in North Carolina, another swing state. She later said she expected to campaign against Trump in battleground states throughout the fall. Broader push to win over Republican votersThe campaign’s efforts to win over Republicans voters will extend beyond the Cheney event. Harris-Walz is spending significant money in this space as part of a more than seven figure paid media strategy, the campaign official said.
Persons: Liz Cheney, Kamala Harris, Donald Trump, Cheney, Harris, ” Cheney, Ripon –, Republican Party – Harris, Ripon, Trump, , Elise Stefanik, Dick Cheney, Adam Kinzinger, Gov, Geoff Duncan, Arizona Sen, Jeff Flake, Kari Lake, Mark Finchem, Walz, , , Austin Weatherford, Ruwa Romman, ” Romman, CNN’s Veronica Stracqualursi Organizations: CNN, Republican, Democratic, Trump, White, Duke University, Republican Party, GOP, New York, Illinois Rep, Arizona, Democrats, Republicans, Labor, YouTube, Biden Locations: Wisconsin, Wyoming, North Carolina, Ripon, Georgia, Arizona, Pennsylvania , Michigan, Arizona , Nevada , Georgia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPort strike will hurt European automakers even more than domestic producers, says former Ford CEOMark Fields, former Ford CEO and CNBC contributor, joins 'Money Movers' to discuss how disruptive the port strike is for automakers, the rising inventory levels for automakers, and the idea that U.S. automakers will better off than European automakers from the port strike.
Persons: Mark Fields Organizations: Ford, CNBC
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
Here’s the deal: The East Coast port strike is getting a lot of attention for its potential disruption to the economy — which is precisely the point. No dockworkers means no bananas (or whatever), which means no profits for the companies that produce and ship them. While research shows automation has obvious benefits, like lower operating costs and fewer human-related errors, port automation does not, on its own, significantly improve performance, according to a 2018 McKinsey report. But automation anxiety is rapidly spilling over into office work, where managers are adopting AI in the hopes of replacing human work or amplifying production. As Washington Post columnist Heather Long wrote Tuesday, the strike is “an early battle of well-paid workers against advanced automation.
Persons: CNN Business ’, It’s, , Dennis Daggett, Mark Felix, Sameera Fazili, Biden, it’s, , ” Fazili, Heather Long Organizations: CNN Business, New York CNN, Hollywood, McKinsey, International Longshoremen’s Association, Economic, Getty, National Economic Council, Washington Locations: New York, East Coast, China, Singapore, Europe, Port of New York, New Jersey, Long Beach, Los Angeles, AFP
CNBC Daily Open: Soft landing hit by minor turbulence
  + stars: | 2024-10-02 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Mark Felix | Afp | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Port workers along the U.S. East Coast and Gulf Coast started striking Tuesday. It's just the first days of the port strike and flare-up in Middle East tensions, however. The best-case scenario would be that recent events are just minor turbulence on the way to a soft landing.
Persons: Mark Felix, Kathy Hochul, Adam Kamins, Christopher Ball, Piper Sandler, Campbell, It's, Steve Liesman, Jeff Cox, Fred Imbert, Lori Ann LaRocco, Sean Conlon, Alex Harring, Brian Evans Organizations: Afp, Getty, CNBC, U.S ., Gulf Coast, New, Moody's, Quinnipiac University, Nasdaq, Nvidia, Apple Locations: Seabrook , Texas, Port, U.S, U.S . East Coast, New York, New Jersey, Iran, Major U.S, East
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCould see more job cuts and factory closures from European automakers, says Fmr. Ford CEOMark Fields, former Ford CEO, joins 'Closing Bell Overtime' to talk warnings from European automakers, Ford's plan to boost EV sales, and more.
Persons: Mark Fields Organizations: Ford
Brad Penner/USA Today Sports/Reuters Damar Hamlin of the Buffalo Bills celebrates an interception during the second quarter against the Jacksonville Jaguars in Orchard Park, New York, on Monday, September 23. This is the first game back for Rodgers since tearing his Achilles tendon last year after his first game of the season. Ken Blaze/USA Today Sports/Reuters Washington Commanders running back Brian Robinson Jr. breaks a tackle from Tampa Bay Buccaneers linebacker K.J. David Banks/USA Today Sports/Reuters Rhamondre Stevenson of the New England Patriots runs the ball against Cincinnati Bengals defenders in Cincinnati on September 8. Vincent Carchietta/USA Today Sports/Reuters Miami Dolphins and Jacksonville Jaguars players pray together at the end of the game in Miami Gardens, Florida, on September 8.
Persons: Jayden Daniels, Christian Petersen, Tremon Smith, Greg Zuerlein, Seth Wenig, Ja'Tavion Sanders, Germaine Pratt, Grant Halverson, Eric Murray, Trevor Lawrence, Eric Gay, George Kittle, Jed Jacobsohn, Darius Slayton, Eric Kendricks, Brad Penner, Reuters Damar Hamlin, Bryan M, Bennett, Sam Darnold, Johnny Mundt, Stephen Maturen, Calvin Austin III, Brandon Sloter, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Cooper Neill, Allen Lazard, Alex Austin, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Camryn Bynum, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tua Tagovailoa, Tagovailoa, Jasen, Aaron Rodgers, Rodgers, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Nathan Ray Seebeck, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Ed Zurga, Patrick Mahomes scrambles, Charlie Riedel, Henry ’, Derrick Henry, Henry, ‘ King Henry, , Adrian Peterson, Chris Johnson, Ravens QB Lamar Jackson, We’ve, , , We’re, ” Henry, Stephanie Scarbrough, Josh Allen’s, Allen, Jackson, Sean McDermott, ” McDermott, “ We’ve, ” Jayden Daniels, Peyton Manning’s, Drew Brees, Kliff Kingsbury, Kyler Murray, Mark J, Koo, , Kirk Cousins, Marc Raimondi, , I’ve, we’ve, John Bazemore, Wil Lutz, Lutz ’, Greg Zuerlein’s, ” Rodgers, Bryan Woolston, Bo Nix, Nix, CJ Stroud Organizations: CNN, Washington, Arizona Cardinals, Getty Images Denver Broncos, New York Jets, Broncos, AP Carolina Panthers, Cincinnati Bengals, Bengals, Panthers, Getty Images Houston Texans, Jacksonville, Texans, AP San Francisco 49ers, 49ers, New England Patriots, AP New York Giants, Dallas Cowboys, Giants, Cowboys, USA, Sports, Reuters, Buffalo Bills, Jacksonville Jaguars, Getty Images Minnesota Vikings, Vikings, Houston Texans, Getty Images Pittsburgh Steelers, Steelers, Los Angeles Chargers, Green Bay Packers, Packers, Tennessee Titans, AP Minnesota Vikings, AP Dallas Cowboys, Baltimore Ravens, The Jets, Reuters Atlanta Falcons, Philadelphia Eagles, AP Kansas City Chiefs, Chiefs, Super Bowl, Reuters San Francisco 49ers, Minnesota Vikings, AP New Orleans Saints, Reuters Miami Dolphins, Reuters New York Jets, San Francisco 49ers, AP Los Angeles Chargers, Las Vegas Raiders, Shutterstock Dallas Cowboys, Cleveland Browns, NFL, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Chicago Bears, Titans, Bears, Patriots, New York Giants, AP Buffalo Bills, Bills, São Paulo, The Eagles, Getty, Neo, Kansas City Chiefs, AP Baltimore Ravens, Arrowhead, AFC titans, Ravens, Baltimore, Ravens QB, Buffalo, Bowl, Cardinals, New, New Orleans Saints, ” Falcons, Saints, AP, Denver Broncos, Denver, Jets, Super, Indianapolis Colts, Pittsburgh, Atlanta Falcons Cincinnati Bengals, Carolina Panthers Los Angeles Rams, Chicago Bears Minnesota Vikings, Green Bay Packers Jacksonville Jaguars, Houston Texans Pittsburgh Steelers, Indianapolis Colts Denver Broncos, New York Jets Philadelphia Eagles, Tampa Bay Buccaneers Washington, Arizona Cardinals New England Patriots, San Francisco 49ers Kansas City Chiefs, Los Angeles Chargers Cleveland Browns, Las Vegas Raiders Buffalo Bills Locations: Glendale , Arizona, East Rutherford , New Jersey, Charlotte , North Carolina, Houston, Santa Clara , California, Orchard Park , New York, Minneapolis, Pittsburgh, Nashville, Arlington , Texas, Philadelphia, Kansas City , Missouri, Miami Gardens , Florida, Inglewood , California, Cleveland, Tampa , Florida, Miami, Atlanta, Chicago, Cincinnati, São, South America, Baltimore, Arizona, Atlanta and New Jersey, In Atlanta, New Orleans, East Rutherford, New York
Sky-high insurance premiums and extreme weather have already prompted some Floridians to move. But the storm calls into focus an already difficult part of living in Florida: home insurance. According to an analysis of US Census data by NBC News, around 18% of homeowners in Florida are without home insurance. AdvertisementThe amount of damage a storm causes typically affects insurance premiums. The Florida Office of Insurance Regulation estimated Hurricane Idalia — which made landfall in Florida as a Category 4 in 2023 — totaled more than $309.5 million in losses.
Persons: Helene, , Floridians, John, Natalia, Hurricane Idalia, Mark Friedlander Organizations: Service, National Hurricane Center, NBC News, USA, California ., Sunshine State, Capital Economics, Business, Hurricanes, Dade, Insurance, Insurance Information Institute, Tampa Bay Times Locations: Florida, Florida , Georgia, South Carolina, North Carolina, California, California . Florida, Insurify, Dell Prairie , Wisconsin, Plantation , Florida, Fort Lauderdale, Florida's panhandle, Miami, Dade County, Broward County, Leon County, Tallahassee
Hurricane Helene made landfall in Florida Thursday, leaving less damage than initially feared. Sky-high insurance premiums and extreme weather have already prompted some Floridians to move. Multiple home insurance providers have left the state entirely, and longtime Floridians have started to get priced out of coastal towns. According to an analysis of US Census data by NBC News, around 18% of homeowners in Florida are without home insurance. AdvertisementThe amount of damage a storm causes typically affects insurance premiums.
Persons: Helene, , Floridians, John, Natalia, Hurricane Idalia, Mark Friedlander Organizations: Service, National Hurricane Center, NBC News, USA, California ., Sunshine State, Capital Economics, Business, Hurricanes, Dade, Insurance, Insurance Information Institute, Tampa Bay Times Locations: Florida, Florida , Georgia, South Carolina, North Carolina, California, California . Florida, Insurify, Dell Prairie , Wisconsin, Plantation , Florida, Fort Lauderdale, Florida's panhandle, Miami, Dade County, Broward County, Leon County, Tallahassee
The Treasury market, though, hasn’t been paying attention. Officials penciled in another 50 basis points in reductions by the end of the year and another 100 by the end of 2025. That sentiment is evident in the “breakeven” inflation rate, or the difference between standard Treasury and Treasury Inflation Protected Securities yields. The 5-year breakeven rate, for instance, has risen 8 basis points since the Fed meeting and is up 20 basis points since Sept. 11. Taken together, the various dynamics in the Treasury market are making it a difficult time for investors.
Persons: hasn’t, , Jonathan Duensing, — haven’t, , Robert Tipp, We’re, Jerome, Powell, ” Duensing, Tom Garretson, “ They’d, There’s Organizations: Federal Reserve, Treasury, Amundi, Fed, CME, Treasury Inflation, RBC Wealth Management
Trump was surrounded by Secret Service agents at his North Carolina event on Wednesday as he greeted supporters in the rope line. Congress just approved funding for both Harris and Trump to receive presidential-level protections, which one security expert said was unprecedented. “They are all now getting presidential-level protection from the U.S. Secret Service, which has never been done before,” said Evy Poumpouras, a former Secret Service agent. In a statement Tuesday, Trump campaign spokesperson Steven Cheung disclosed that Trump had received an intelligence briefing about Iran. An official with the Trump campaign said it had no intention of altering or modifying its campaigning after this briefing.
Persons: Donald Trump, Trump, , Kamala Harris, Harris, Evy Poumpouras, ” Poumpouras, Mark Felix, Kimberly Cheatle, Ryan Routh, Joe Biden’s, Covid, Ronald Rowe, Butler, , Donald, Jim Watson, Steven Cheung, ” Cheung, ” Trump Organizations: Secret Service, Service, NBC, Marine, Naval Observatory, Trump, Secret, Getty, , Authorities, Republicans, Democratic Party, Harris, Tempe , Arizona . Police, Air Force, , National Intelligence Locations: Iran, North Carolina, Carolina, U.S, Butler , Pennsylvania, West Palm Beach , Florida, Tempe , Arizona, AFP, United States
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