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☆ Jim Cramer's week ahead: CPI data and earnings from Delta, Domino's and major banks
▼ + stars: | 2024-10-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

CNBC's Jim Cramer reviewed next week's top market-moving action, highlighting new consumer price index data and a slew of earnings reports as the season begins, including ones from Delta , Domino's and several major banks. The labor department will release September's CPI report on Thursday, and Cramer said investors who want a rate cut are hoping for a cool number. Friday brings the producer price index report, and like the CPI, this data will be a metric for the Fed's next decision, Cramer said. Big ticket financial earnings will also come out that day, including Wells Fargo , JPMorgan and Blackrock . He said banks represent the least expensive group on the market, and investors should use any weakness to buy them.

Persons: CNBC's Jim Cramer, Cramer, he's, Delta, Tesla Organizations: Wall, PepsiCo, General Motors, Federal, Big Tech, AMD, HP Enterprise, Big, JPMorgan, Blackrock Locations: Delta, Domino's, Wells Fargo

☆ Jim Cramer says strong jobs report suggests no imminent recession — and that's good for stocks
▼ + stars: | 2024-10-04 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

The stronger-than-expected September jobs report is good news for Main Street and Wall Street, CNBC's Jim Cramer said Friday. That kind of backdrop should lend support to corporate earnings and by extension the stock market, he said. Indeed, all three major U.S. stock indexes traded modestly higher Friday after the jobs report. The September jobs report arrived about two weeks after the Federal Reserve began its easing cycle with a larger-than-usual half-percentage point reduction in its benchmark lending rate. "We're about to have [third-quarter] earnings," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, we're Organizations: Main, Federal Reserve Locations: U.S

North Carolina has racked up the highest death toll thus far with 106 fatalities reported. Kim AshbyKim Ashby, a North Carolina teacher of 20 years, is described as “the glue that holds everyone together,” her daughter, Jessica Meidinger, told CNN. A neighbor took a photo of the Ashby home in Elk Park, North Carolina, as it floated in the river on Friday. Omar Khan, 44, disappeared after Helene flooded Asheville, North Carolina. Julie Le Roux has been missing since a mudslide destroyed the Marion, North Carolina, home she had taken shelter in from the raging storm.

Persons: Helene, Deanne Criswell, CNN’s Jim Acosta, ”, Buncombe County Sheriff Quentin Miller ., Steven Cloyd Steven Cloyd, Matthew Cloyd Matthew Cloyd, Steven Cloyd, he’s “, Matthew Cloyd, “, Steven, Keli Cloyd, Keli, he’d, ” Steven Cloyd texted, texted, ” Keli Cloyd, Matthew, Steven Cloyd’s Jeep, Kim Ashby Kim Ashby, Jessica Meidinger, Kim, Rod Ashby, Meidinger, ” Meidinger, ” Kim Ashby, Lauren Meidinger, Rod, ” Lauren, ‘, ’, stepdad, Kim Ashby, Ashby, ” Jessica Meidinger, Jessica, he’s, ” Lauren Meidinger, they’ve, she’s, Rosa Andrade, Carina Alonso, Erwin , Tennessee –, Alonso, WVLT, Andrade, ” Alonso, Francesco Guerrero, Rosa Maria Andrade Reynoso, Guadalupe Hernandez, Monica Hernandez Corona, Saul Young, Jimmy Erwin, ” Omar Khan Omar, floodwater, K.M, Khan, Omar Khan, Zubila Shafiq, ” K.M, Shafiq, could’ve, We’re, ” Shafiq, Julie Le Roux, John Norwood, Le Roux, WRAL, Norwood, Robert Martin, Will Kehler Organizations: CNN, FEMA, Carolina’s Buncombe County Sheriff’s, Buncombe County Sheriff, CNN News Central, News Sentinel, USA, Associated Press, WCYB, Emergency, ABC, WRAL Locations: United States, Carolina’s Buncombe County, Buncombe County, Buncombe County Sheriff Quentin Miller . North Carolina, North Carolina, Rockford , Illinois, Elk Park , North Carolina, Tennessee, Sanford, Raleigh, Elk, floodwater, Erwin ,, Andrade, Erwin , Tennessee, Unicoi, Asheville , North Carolina, McDowell County, Norwood, Marion , North Carolina, ”

☆ Interpreting the jobs data: No more half-point rate cuts
▼ + stars: | 2024-10-04 | by ( Fred Imbert | Kavitha Shastry | ) www.cnbc.com time to read: +2 min

The U.S. economy added a whopping 254,000 jobs in September, nearly 100,000 more than economists expected. The unemployment rate, which was expected to hold steady at 4.2%, slipped to 4.1%. Wages also rose more than expected month over month. To be sure, the new data also has traders pricing a smaller quarter percentage point interest rate reduction at the central bank's November meeting. "Fed cuts should be slower and I continue to think (and the data supports it) that the current neutral rate is well above 3% (economy chugging along on 5% yields for over a year)," said Tchir.

Persons: Sonu Varghese, Glen Smith, Lindsay Rosner, Ian Lyngen, Peter Tchir Organizations: Stock, Dow Jones Industrial, Nasdaq, Federal, Carson Group, GDS Wealth, Goldman Sachs Asset Management, BMO Capital Markets, Academy Securities Locations: U.S

☆ Haiti gang attack kills 70 people including infants
▼ + stars: | 2024-10-04 | by ( Mitchell Mccluskey | ) edition.cnn.com time to read: +2 min

CNN —At least 70 people, including three infants, were killed in a gang attack in the central Haiti town of Pont Sondé, the United Nations Human Rights Office said in a statement on Friday. Members of the “Gran Grif” gang used automatic rifles to kill at least 70 people on Thursday, including 10 women and three infants, according to the UN. The attack occurred in Haiti’s Artibonite department, a crucial agricultural center about 50 miles north of Port-au-Prince, where gang violence has continued to spread, according to the UN. At least 16 people were seriously injured in the attack, including two gang members hit during an exchange of fire with Haitian police, the UN said. “Despite an extremely difficult security context, the victims of this attack are being cared for by local institutions,” the ministry said.

Persons: Pont Sondé, Garry Conille, Grif, Luckson Elan, “, ”, Conille Organizations: CNN, United Nations Human Rights, UN, Haitian, Haitian Ministry of Health, Multinational Security, Haitian National Police Locations: Haiti, Pont, Haiti’s Artibonite, Port, Haitian, Artibonite, United States, Caribbean

☆ Treasury yields dip ahead of September jobs report
▼ + stars: | 2024-10-04 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The 10-year Treasury yield was lower by one basis point at 3.84%, while the yield on the 2-year Treasury was also one basis point lower at 3.697%. U.S. Treasury yields were slightly lower early Friday as investors gear up for the closely watched September jobs report. Treasury yields rose on Thursday after ADP data showed private payrolls grew by more than expected in September. Private companies added 143,000 jobs, ahead of August's figure of 103,000 and a forecast of 128,000. That was given as justification for the jumbo 50-basis-point interest rate cut carried out by the Fed last month.

Persons: Dow Jones, Jerome Powell, Powell Organizations: Treasury, U.S, Fed

☆ The September jobs report dashed hopes for another jumbo rate cut next month
▼ + stars: | 2024-10-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

AdvertisementThe September jobs report offered good news all around — except to those expecting a second straight jumbo 50-basis-point rate cut from the Federal Reserve next month. In addition, the unemployment rate unexpectedly fell to 4.1%, bucking estimates that it would stay unchanged at 4.2%. Analysts agree that September's blowout job numbers make an aggressive interest rate cut harder to justify. Advertisement"Did the Fed even need to cut rates in September, let alone cut by 50 basis points?" Late last month, the bank predicted that investors would take on more risk if the unemployment rate hit 4.1% and if payrolls reached above 150,000.

Persons: —, Seema Shah, Glen Smith, Morgan Stanley, payrolls, Smith Organizations: Service, Federal Reserve, Asset Management, GDS Wealth Management, Federal

Spruce Pine, North Carolina has no running water or electricity, more than a week after Helene ripped through the town of 2,200. Mines in Spruce Pine produce the world’s purest form of quartz, which plays a central role in chip manufacturing. Now, the town’s exceedingly valuable supply of high-purity quartz is at risk, threatening to cripple the $600 billion global semiconductor industry. “The Spruce Pine community has been hit particularly hard,” Sibelco said in a statement on Sept. 30. For the semiconductor industry, the challenges that any long-term disruption to the Spruce Pine mines would present cannot be overstated, experts say.

Persons: Hurricane Helene, Helene, ” Sibelco, “, ”, Lita Shon, Roy, Spencer Bost, “ it’s, Shon, ” Shon, Dustin Mulvaney, ” Mulvaney Organizations: Mines, Quartz Corp, National Weather Service, Downtown, San Jose State University Locations: Hurricane, Spruce Pine , North Carolina, China, Asia, North Carolina, “, Downtown Spruce

☆ Drone deliveries, slow to take flight, come to Silicon Valley
▼ + stars: | 2024-10-03 | by ( Mike Gagliardi | Mike Gagliardi Is A Researcher With The Nbc News Network Desk. | ) www.nbcnews.com time to read: +2 min

Samaras said his research indicated that drone delivery, compared to fossil-fuel truck delivery, consumes up to 90% less energy per package. Zipline, the world’s largest drone delivery service, is among the companies that have received that permission in several states. The company plans to go nationwide with drone delivery in 2026. A spokesperson for Amazon’s Prime Air drone-delivery program told NBC News it hopes to be delivering 500 million packages per year by the end of this decade. The FAA told NBC News that there are currently more than 383,000 drones registered for commercial purposes.

Persons: Samaras, ” Eric Watson, Watson, Yanfeng Ouyang, “, ” Ouyang, ” Organizations: Federal Aviation Administration, NBC, Amazon’s Prime, FAA, NBC News, University of Illinois Locations: Arkansas, Utah, Dallas, University of Illinois Urbana, Champaign

The National Hurricane Center is monitoring two more tropical cyclones growing stronger in the Atlantic on Thursday. Hurricane Kirk and Tropical Storm Leslie currently pose no direct threat to land, but threaten to bring more rain to regions already reeling in the aftermath of Hurricane Helene. The NHC classifies this system as a major hurricane, with maximum sustained winds of 125 miles per hour and a minimum central pressure of 948 millibars. It’s currently located 515 miles southwest of the southernmost Cape Verde Islands, but there are no hazards affecting land at this time. Heavy rainfall from this system is not currently expected to affect parts of North Carolina, South Carolina and Georgia that were hard-hit by Helene.

Persons: Hurricane Kirk, Tropical Storm Leslie, Hurricane Helene, Kirk, Leslie, millibars, Helene Organizations: National Hurricane Center, Tropical, NHC, Northern, Greater Locations: Hurricane, It’s, Northern Leeward, Leeward Islands, Bermuda, U.S, East, Cape Verde Islands, Gulf of Mexico, Gulf Coast, Florida, North Carolina, South Carolina, Georgia

ZOUK MOSBEH, Lebanon — When night falls, it's no longer sleep but the humming threat of an Israeli strike that descends on the Lebanese capital. Israel's overnight attacks, which reached the heart of Beirut in the early hours of Thursday, mean that few in the city and beyond are getting any rest. The strike on central Beirut's Bachoura neighborhood was the deepest Israel has attacked into the capital. A man walks amid the rubble of a building leveled in an overnight Israeli airstrike that targeted the neighborhood of Moawwad in Beirut's southern suburbs Thursday. AFP - Getty ImagesA man stares at a building still smoldering Thursday after it was leveled in an overnight Israeli airstrike that targeted the neighborhood of Moawwad in Beirut's southern suburbs.

Persons: ZOUK, it's, Hala Kobaissi, Beirut's Salim Salam, —, people's, Emilie Madi, ” Hiam Khoury, Israel ramped, Marwan Naamani, Abdel Salam Abdallah, ”, Rayan Youness, “ They’re, Youness, Dr, Tania Baban, ” Baban, Matthew Savill, shouldn’t, Savill, Mahdi Ghuloom, Khoury Organizations: Residents, NBC News, Reuters, Israel, Getty, AFP, Royal United Services Institute, Israel Defense Forces, Le Beck Locations: ZOUK MOSBEH, Lebanon, Beirut, Israel, Bachoura, Beirut's Bachoura, Hadath, Dahieh, Sidon, Khiam, Illinois, Moawwad, Beirut's, AFP, United States, Iran

☆ ‘Never a boring moment:’ The couple who left Canada to live in former Soviet Central Asia
▼ + stars: | 2024-10-03 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +10 min

New adventureThe couple lived in Nukus, the sixth-largest city in Uzbekistan, for four years. “It’s difficult sometimes, to get back to normal living,” Zora says of their desire to keep moving from place to place. But it’s also a wonderful city with beautiful architecture.”When asked of her favorite thing about living in Uzbekistan, Zora says that this was undoubtedly her students. When asked what she missed about living in Canada, Zora confesses that going to see blockbuster movies that aren’t dubbed over was high up there on the list. Although they will be returning to Canada briefly, Zora says they have no intention of remaining there permanently.

Persons: Zora, Dave Keffer, ”, they’d, “, ” Zora, Dave, Zora Keffer, “ It’s, “ There’s, can’t, it’s, Nukus, Zora Keffer Zora, you’ve, Khiva, ” Zora’s, “ You’ve, “ That’s, we’ll Organizations: CNN, United, United Arab Emirates, Uzbekistan –, ”, Google Locations: United Arab, Canada, Central Asia, Kazakhstan, Uzbekistan, Soviet, West, Czechoslovakia, Nukus, Kuwait, mull, – Nukus, Russia, Ukraine, Tashkent, Samarkand, Bukhara, Khiva, North America, “

Housing is one of many issues Vance, the Republican nominee, believes are rooted in the arrival of undocumented migrants in America. But many economists caution that connecting rising numbers of immigrants to housing costs is no simple thing. Other economists have noted links between immigrants and increased housing costs. Vance later shared two studies on housing and immigration that showed a link between increased immigration and rising housing costs — though each offered various caveats, including noting that the impact changes over time. Indeed, Zillow data shows a clear upward trend in Springfield rents this year compared with 2023.

Persons: America’s, Sen, JD Vance, Tim Walz, Vance, you’ve, ” Vance, Donald Trump, Walz, ”, ” Walz, Kamala Harris, Ernie Tedeschi, Joe Biden, Vance’s, Michelle Bowman, Chris Herbert, Herbert, Sharon Cornelissen, Bryan Heck, Democratic Sen, Sherrod Brown, Heck, ” Heck Organizations: Minnesota Gov, Republican, CBS, Democratic, NBC, White House, Federal, Cato Institute, Harvard University’s, for Housing Studies, Consumer Federation of America, NBC Boston Locations: Ohio, America, Springfield , Ohio, U.S, New York City, Los Angeles, Dearborn, Hamtramck, Detroit, Brockton , Massachusetts, Haiti, Cape Verde, Central, South America, Springfield, Washington

☆ Jack Smith court filing against Trump and Israel strikes central Beirut: Morning Rundown
▼ + stars: | 2024-10-03 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +9 min

A new court filing from special counsel Jack Smith argues Donald Trump acted as a private citizen when he sought to overturn the 2020 election. It includes new details about Trump’s actions after the 2020 election and leading up to the Jan. 6 riot at the U.S. Capitol, including testimony detailing Trump’s conversations with former Vice President Mike Pence. Trump campaign spokesperson Steven Cheung blasted the “falsehood-ridden” filing and declared the case a “partisan, Unconstitutional Witch Hunt.”Read the full story here. Liz Cheney, a former Republican congresswoman and daughter of a former Republican vice president, will campaign with Vice President Kamala Harris today in the Wisconsin city considered the birthplace of the Republican Party. 2025 ambitions: Republicans in Congress are already looking ahead at what they could accomplish if Donald Trump wins the 2024 election.

Persons: Jack Smith, Donald Trump, Hurricane Helene, Here’s, Trump ‘, “, ”, Mike Pence, Pence, Trump, Steven Cheung, Witch Hunt, Helene Swannanoa Deon Hampton, Deon Hampton, Beverly Eller, Stewart Cody, Helene, Elon Musk’s, Joe Biden, Sen, JD Vance, Liz Cheney, Kamala Harris, Tom Cotton of, Charisse, Lane, — Michelle Garcia, Elizabeth Robinson Organizations: NBC News, U.S . Capitol, Getty, country’s Ministry of Health, Beirut . One U.S, NBC, Staff, Mission, Republican, Republican Party, Affordable, Trump, GOP, College Republicans, Florida, M University Locations: Beirut, United States, Israel, Iran, Lebanon, AFP, Bachoura, Beirut . One, Lebanese, North Carolina, Hurricane, Florida, Georgia, Tennessee, Swannanoa , North Carolina, Asheville, Michigan, Wisconsin, Tom Cotton of Arkansas

Charrise Lane, a senior at Florida A&M University in Tallahassee, wants to re-establish what would be the only active chapter of College Republicans at a historically Black college or university. The College Republican National Committee, which has been around since 1892, is an unofficial affiliate of the Republican National Committee. While there are more than 100 HBCUs in the country, none are home to an active, official College Republicans club. Felicia Barnes, assistant director of student organizations at FAMU, said the university would welcome the College Republicans back to campus. History of College Republicans at FAMUThe last time the College Republicans had an active chapter at FAMU was during the 2018-2019 school year, according to alum Marquise McMiller.

Persons: Charrise, There’s, “ I’ve, ”, Lane, “, I’m, FAMU, won’t, Felicia Barnes, Barnes, “ They’ve, hasn’t, She’s, Charisse Lane, Tom ”, Marquise McMiller, McMiller, Ron DeSantis, shouldn’t, doesn’t, ” Lane, she’s, faze, Tevon Blair, Blair, HBCUs Organizations: Florida, M University, College Republicans, Howard University, Morehouse College, Central State University, FAMU, The College Republican National Committee, Republican National Committee, Florida State University’s College Republicans, College Democrats, Republican, Republican Party, FAMU ., NBC News, Black, Dems, Republicans, ”, ” Florida Gov, AP African, American, ” College Republicans Locations: Tallahassee, HBCUs, U.S, FAMU, Florida, North Carolina, Orlando, ” Florida, Lane, “, Southern

☆ South Korea prosecutors drop charges against first lady over Dior handbag
▼ + stars: | 2024-10-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

SEOUL, South Korea — Prosecutors in South Korea have decided not to charge first lady Kim Keon Hee over allegations of inappropriately accepting gifts last year, including a Christian Dior handbag, the Yonhap news agency reported, citing the Seoul prosecutors’ office. The scandal has caused a political uproar in South Korea and contributed to a bruising election defeat for President Yoon Suk Yeol’s governing party in April. Prosecutors also decided to drop graft charges against the pastor, Rev. Choi had told reporters, when he appeared for questioning by prosecutors, that he asked for several favors when he handed the gifts to Kim. Opposition lawmakers have called for a special counsel investigation into the case and allegations of other irregularities involving the first lady.

Persons: Kim Keon Hee, Dior, Yoon Suk, Kim, Yonhap, Prosecutors, Abraham Choi, Yoon, Choi, ” Organizations: South Korea — Prosecutors, ’, Seoul Central, Prosecutors ’, Yoon YouTube Locations: SEOUL, South Korea, Seoul

☆ 2 dead as weakened and ‘weird’ Typhoon Krathon slams into Taiwan
▼ + stars: | 2024-10-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

KAOHSIUNG, Taiwan — A weakened and “weird” Typhoon Krathon slammed into southwestern Taiwan on Thursday, hitting the island with a storm that has killed two people so far and forced it to shut down for a second day with hundreds of flights grounded and financial markets closed. Krathon made landfall as a much weaker category 1 typhoon around midday at the major port city of Kaohsiung. All domestic flights were canceled for a second day, as well as 236 international ones. Typhoons often hit Taiwan’s east coast facing the Pacific, but Krathon is unusual in that it directly hit the west coast. Local media labeled it a “weird” storm for that reason, and because of how it hovered off the coast before reaching land.

Persons: Krathon, Kaohsiung Mayor Chen Chi, Liao Shian, ”, Thelma Organizations: Kaohsiung Mayor, Southern, Southern Taiwan Science Locations: KAOHSIUNG, Taiwan, Kaohsiung, Taipei, Southern Taiwan, Pingtung

ReutersLebanon’s Foreign Minister Abdallah Bou Habib told CNN that Hezbollah leader Hassan Nasrallah had agreed to a 21-day ceasefire just days before he was assassinated by Israel. “He [Nasrallah] agreed, he agreed,” Habib told Christiane Amanpour in an interview aired on Wednesday. ]”White House senior adviser Amos Hochstein was then set to go to Lebanon to negotiate the ceasefire, Habib continued. We need the United States’ help. Whether we get it or not, we’re not sure yet, but [the] United States is very important, vital for the ceasefire to happen,” said Habib.

Persons: Hassan Nasrallah, Abdallah Bou Habib, Israel, Joe Biden, Emmanuel Macron, Nasrallah, ” Habib, Christiane Amanpour, “, Nabih Berri, Benjamin, Netanyahu, Biden, Macron, Amos Hochstein, Habib, Washington, ”, we’re Organizations: Reuters Lebanon’s, CNN, US, UN, Assembly, White House, European Union, United Arab Emirates, United Locations: Sidon, Lebanon, Beirut's, Lebanese, Beirut, United States, France, Australia, Canada, Germany, Italy, Japan, Saudi Arabia, United Kingdom, Qatar, States

☆ Typhoon Krathon: Two killed as slow moving storm slams into southern Taiwan
▼ + stars: | 2024-10-03 | by ( Chris Lau | Eric Cheung | ) edition.cnn.com time to read: +3 min

With winds of up to 135 kilometers per hour (85 miles per hour), Typhoon Krathon made landfall along southern Taiwan shortly after noon on Thursday, the equivalent of a Category 1 Atlantic hurricane. The other was a 70-year-old man who fell while trimming a tree during the typhoon, according to the center. A man runs amid heavy rain and powerful winds, as Typhoon Krathon makes landfall in the port city of Kaohsiung, Southern Taiwan, on October 3, 2024. Daniel Ceng/Anadolu/Getty ImagesFor several hours before making landfall, Krathon moved slowly along the southern coast. Strong winds knock down trees during Typhoon Krathon in Kaohsiung.

Persons: Krathon, Daniel Ceng, Lai Ching, Chen Chi, “, Liao Shian, ”, Julien Organizations: Taiwan CNN, Emergency Operations Center, Getty, Taiwan, Ministry of Economic Affairs, Taiwan . Schools, AFP, CNA, Getty Images University, Reuters, Philippine News Agency Locations: Taipei, Taiwan, Kaohsiung, Kaohsiung , Southern Taiwan, Anadolu, Philippines, Krathon, Tainan, Stringer

☆ China’s Coast Guard claims to have entered the Arctic Ocean for the first time as it ramps up security ties with Russia
▼ + stars: | 2024-10-03 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

The statement came a day after the US Coast Guard said it spotted four vessels from the Russian Border Guard and Chinese Coast Guard in the Bering Sea – the “northernmost” location it said it had ever observed the Chinese ships. A banner visible on one of the vessels in accompanying photos read “China Coast Guard devoting its heart to the Party; demonstrating loyalty in the Arctic Ocean,” referring to China’s ruling Communist Party. The US Coast Guard (USCG) on Monday said it spotted the four vessels from the Russian Border Guard and Chinese Coast Guard “transiting in formation in a northeast direction” in the Bering Sea, some five miles inside Russia’s Exclusive Economic Zone on Saturday. A China Coast Guard member pictured during recent joint drills with Russia. The coast guard collaboration “relates to Chinese interests in maritime transportation along at least parts of the Northern Sea Route,” according to Østhagen.

Persons: Russia –, China’s, ”, Megan Dean, irked, Carl Schuster, it’s, –, Sophie Arts, ” Andreas Østhagen Organizations: Hong Kong CNN, China’s Coast Guard, US Coast Guard, Russian Border Guard, Chinese Coast Guard, China Coast Guard, Communist Party, CCTV, TASS, 17th Coast Guard District, USCG, Canadian, Russia’s Federal Security Service, East China, Coast Guard, Guard, US Navy, Pacific Command’s Joint Intelligence Center, China, US Department of Defense, German Marshall Fund, Fridtjof Nansen Institute, CNN, Armed Police, Central Military Commission, Centre for High North Logistics, Norway’s Nord University Locations: Hong Kong, Russia, Beijing, ”, Bering, Alaska, Asia, North America, China, Washington, South, East, irked Beijing, Ukraine, Russian, Norway, South China, Philippines, Europe

☆ Sterling plunges 1% against dollar after Bank of England governor's comments on rate policy
▼ + stars: | 2024-10-03 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Andrew Bailey, Governor of the Bank of England, gestures as he addresses the media during a press conference at the Bank of England in London on Aug. 1, 2024. The British pound tumbled more than 1% against the U.S. dollar on Thursday after a The Guardian report that Bank of England Governor Andrew Bailey suggested more positive inflation data could lead the central bank toward a more aggressive approach to interest rate cuts. He also said he was encouraged that cost of living pressures had not been as persistent as previously thought, according to the Guardian. The central bank held its key rate in September, after cutting it by 25 basis points in August to 5%. During the September meeting, the institution expressed concerns about services inflation and the labor market, despite headline inflation hovering near its 2% target.

Persons: Andrew Bailey, Sterling, Bailey, BOE Organizations: Bank of England, U.S, Guardian, U.S . Federal, CNBC Locations: London, British

☆ Iran's massive missile strike on Israel is just a fraction of what China could do
▼ + stars: | 2024-10-03 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Iran launched a massive ballistic missile strike on Israel this week, what appears to be the largest ever. The attack represents just a fraction of the scale, devastation, and capabilities a China missile strike could have, experts said. AdvertisementIran launched a major missile strike on Israel earlier this week likely intended to overwhelm the country's air defenses and inflict significant damage. The Iranian attack was massive, perhaps the largest ballistic missile strike in history, but it represents just a fraction of the scale and capabilities of what a Chinese missile attack could look like. AdvertisementA massive missile strikeIran previously launched a missile strike on Israel in April, using ballistic missiles, cruise missiles, and drones.

Persons: —, Bailee Ann Darbasie, Tom Karako, Amir Cohen, Hassan Nasrallah, Ismail Haniyeh, wasn't, Cole, USS Bulkeley, Karako, Thomas Shugart, Liu Mingsong, Shugart, Xi Jingping's, GREG BAKER Organizations: Service, Department of Defense, Army's, Force, U.S . Air Force, Staff, Center for Strategic, International Studies, Missile Defense, Reuters, Air, US, Iranian, US Navy, Center, New, New American Security, Pentagon, Getty, Area Defense, Aegis, Pacific Command Locations: Iran, Israel, China, Taiwan, Chinese, Ukraine, New American, Xinhua, AFP, Japan

☆ How Trump consolidated control over his party and right-wing media in a ‘cloud of confusion’
▼ + stars: | 2024-10-03 | by ( Brian Stelter | ) edition.cnn.com time to read: +7 min

The filing emphasizes Trump’s fake electors plot and describes the former president’s attempts to sow confusion in the aftermath of the election. The following is adapted from the newly expanded paperback edition of “Network of Lies,” my book about the 2020 election and the chaotic aftermath. “Cloud of confusion” was the perfect, succinct summary of the right’s strategy. He is emulating the successful strategy of Vladimir Putin.”The “cloud of confusion” clearly affected some of the people who stormed the Capitol on January 6, 2021. His social media footprint showed how he was radicalized—and how he trusted both Trump and Carlson over reliable sources of news.

Persons: Jack Smith, Donald Trump, Trump, Kenneth Chesebro, ” Chesebro, Jack Smith’s, Biden, Chesebro, Jim Troupis, ”, Mike Pence, MAGA, Sean Hannity, Tucker Carlson, Hannity, Roe, Kamala Harris, Trump’s, Hillary Clinton, John Podesta, “ Trump, ” Trump, “, Vladimir Putin, Daniel Donnelly Jr, —, Carlson, “ Tucker, Donnelly, provocateur, Carlson “, Cheseboro Organizations: CNN, “ Network, Republican, Democratic, WI, Trump, GOP, White, Capitol, Busch, St, Louis Cardinals, Facebook, Fox, NBC Locations: Wisconsin, Ohio, ”, Missouri

☆ Dollar hits one-month peak to yen as Fed seen taking time with rate cuts
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: +3 min

The euro languished not far from a three-week trough reached in the previous session, after normally hawkish European Central Bank policymaker Isabel Schnabel took a dovish tone on inflation, cementing bets for a rate cut this month. Currently, traders lay 34.6% odds of another 50 basis-point U.S. rate cut on Nov. 7, after the Fed kicked off its easing cycle with a super-sized reduction last month. "I do think that if the payrolls report overall is not too shabby tomorrow night, then we will see that pricing (for a 50 basis-point cut) coming in quite significantly." The dollar added 0.09% to 146.575 yen after earlier reaching 146.885 for the first time since Sept. 3. The euro was little changed at $1.10455, sitting not far from Wednesday's low of $1.10325, a level last seen on Sept. 12.

Persons: European Central Bank policymaker Isabel Schnabel, Ray Attrill, Attrill, Asahi Noguchi, Sterling Organizations: Federal Reserve, European Central Bank, Private U.S, ADP, Fed, National Australia Bank, Dovish Bank of Japan Locations: U.S, Iran, Israel

☆ The European Central Bank is facing a 'catch-22' when it comes to interest rate cuts, Allianz economist says
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe European Central Bank is facing a 'catch-22' when it comes to interest rate cuts, Allianz economist saysLudovic Subran, chief economist at Alliaz, says the "situational crisis" in the Middle East and how central banks manage the descent of interest rates are the two main concerns that could impact monetary policy.

Persons: Ludovic Subran Organizations: European Central Bank, Allianz

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