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☆ 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

Expect a “noisy” jobs report Friday that will be heavily affected by storms and a labor strike, economists say. The Bureau of Labor Statistics is forecast to report that the U.S. economy gained 110,000 jobs in October, with the unemployment rate unchanged at 4.1%. “Unfortunately, it won’t be easy to interpret the October jobs report,” Chris Waller, a member of the Fed’s Board of Governors, said earlier this month. At 4.1%, the unemployment rate is still historically low, while the rate of inflation has effectively returned to the Fed’s 2% annual target. “Without an increase in hiring, even moderate levels of job losses will likely cause the unemployment rate to pick up.”

Persons: ” Chris Waller, Helene, Milton, Jason Redmond, ”, Julia Pollak, Pollak, Biden Organizations: Labor Statistics, Boeing, Fed’s, of Governors, International Association of Machinists, Aerospace Workers, Getty, ZipRecruiter, Bureau of Labor Statistics, U.S . Department of Labor, Citi Locations: U.S, Tuesday’s, Seattle, AFP

America PAC has been tasked with much of the pro-Trump canvassing operation as his campaign focuses its efforts on a more limited effort targeting so-called low-propensity voters. “I know it’s been flagged for America PAC that this has been transpiring,” an operative formerly on the effort said. As some of that data spilled into public view last month, an operative close to the effort said: “All hell has broken loose” inside the PAC. Through late October, America PAC had spent upward of $54 million on Blitz’s services, according to Federal Election Commission filings — more than the PAC has on the three other vendors combined. America PAC ended its relationships this summer with two other prominent GOP-aligned canvassing firms that were knocking on doors as part of its effort.

Persons: they’re, Donald Trump’s, Trump, canvassers, ” Drew Ryun, Chris Turner, Jefferson Thomas, Josh Penry, Jon Seaton, ”, ‘ There’s, Ron DeSantis ’, Elon Musk, Phil Cox, “ isn’t, Turner, Thomas, Penry, Seaton, baselessly, ‘, ‘ Donald Trump, ’ ‘, it’s, Alysia McMillan, I’ve, “ We’re, we’ve, Helene, “, “ I’m, David Plouffe, Kamala Harris ’, “ Elon Musk, Elon Organizations: Republican, Elon, America PAC, NBC News, Trump, NBC, telltale, PAC, Patriot Grassroots, Synapse Group, Echo Canyon Consulting, Florida Gov, Musk’s, America, Patriot, Synapse, . America PAC, GOP, Blitz, The Guardian, Reuters, ”, CNN, Nelk Boys YouTube Locations: Nevada and Arizona, Florida, Nevada , Michigan, Arizona, North Carolina, . In Nevada, America, Nevada, ”, Wisconsin, Iredell County, Charlotte

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

The US economy added just 12,000 jobs in October, way under the forecast of 106,000. Labor market watchers expected cooler job growth than September's, partly because of recent hurricanes and strikes. AdvertisementThe US economy added just 12,000 jobs in October, falling way short of the forecast of 106,000. AdvertisementThe mixed results in the jobs report could complicate the Fed's interest rate plans into next year. The new jobs report is the last US employment report before the presidential election on November 5.

Persons: —, Hurricane Helene, Hurricane Milton, Milton, Lydia Boussour, NORC, Kamala Harris, Donald Trump Organizations: Labor, Service, Hurricanes, Bureau of Labor Statistics, Labor Statistics, Boeing, Reserve, AP Locations: Hurricane, United States

☆ A satellite services company is up 31% after announcing Apple is taking a stake
▼ + stars: | 2024-11-01 | by ( Jaures Yip | ) www.businessinsider.com time to read: +2 min

Apple is taking a 20% stake under the new agreement, which follows a $450 million deal in 2022. Apple's iOS 18 now supports non-emergency satellite messaging. AdvertisementA satellite services company got a boost on Friday following its disclosure that Apple is taking a stake as part of a new investment deal. AdvertisementEmergency SOS enables satellite messaging to emergency services when an iPhone is not in range of WiFi or cellular connectivity. Apple rolled out non-emergency satellite messaging for iPhones in iOS 18.

Persons: —, Globalstar, Apple, Hurricane Helene Organizations: Globalstar Inc, Apple, Service, SEC, Business Locations: Globalstar, Hurricane

☆ American Battleground: The fight to the finish — and what lies beyond the 2024 campaign
▼ + stars: | 2024-11-01 | by ( Tom Foreman | ) edition.cnn.com time to read: +25 min

“Do you think Donald Trump is a fascist?” Anderson Cooper asked her in a CNN town hall just two days earlier. They are indeed the ‘enemy from within.’”Former President Donald Trump addresses the crowd during his campaign rally at New York’s Madison Square Garden on October 27. You’re a sh*t vice president.’”It’s crude, it’s rude, but for Trump’s campaign it is right on target. “We know what Donald Trump wants,” Harris says in DC just outside the vice presidential residence. As Trump’s 2020 campaign communications director Erin Perrine puts it, “Donald Trump is a political anomaly.

Persons: Joe Biden, Donald Trump, Read, Trump, Kamala Harris, ” Anderson Cooper, “, ” Harris, Rebecca Wright, John Kelly, Trump “, Defense James Mattis, John Bolton, Mark Esper, Bob Woodward, Staff Mark Milley, Republican Sen, Lindsey Graham, Mitch McConnell, Mike Johnson, ”, Harris, ” “, Tony Hinchcliffe, Puerto Rico, ’ ”, Anna Moneymaker, ” Trump, Ezra Klein, Maggie Haberman, He’s, Edward, Isaac Dovere, …, ” Demonizing Harris, Frank Luntz, CNN’s, Michael Duncan, you’ve, Erick Erickson, Arnold Palmer’s, ’, Jenny Kane, Jeff Zeleny, Gloria Borger, he’s, Russia’s Vladimir Putin, Kim Jong, “ She’s, Eva McKend, ” Zeleny, CNN’s Laura Coates, Biden, ” Coates, Julia Roberts, Eminem, Oprah, Beyonce, Michelle Obama, CNN’s Dovere, Barack Obama, Jonathan Drake, Reuters Trump, ” McKend, Erin Perrine, “ Donald Trump, Daniel Dale, Hurricane Helene, Mike Pence, “ Let’s, Let’s, Sinéad O’Connor, Hillary Clinton, We’ve, Norm Eisen, Eisen, – Trump, –, Stephanie Cutter, Evelyn Hockstein, Reuters Harris, Abraham Lincoln Organizations: CNN, Los Angeles Dodgers, New York Yankees, ABC, ”, Trump, Trump’s, New York Times, Defense, Joint Chiefs, Staff, Republican, Marxist, Madison, Democratic, Puerto Ricans, New, Garden, GOP, Fox, WIN, Political, Illegal Voters, The New York Times, ” CNN, Fox News, Reuters, Biden, Univision, Capitol, “, United States Capitol Locations: Delaware County , Pennsylvania, York City, Puerto, Mexico, Portland , Oregon, Pennsylvania, DC, Georgia, In Michigan, Detroit, Charlotte , North Carolina, Trump, Hurricane, Madison, Washington ,

☆ Hurricane season to reawaken in its final month
▼ + stars: | 2024-11-01 | by ( Mary Gilbert | ) edition.cnn.com time to read: +4 min

CNN —Halloween may be over, but hurricane season still has a few unsettling tricks left in its final month. Three tropical trouble spots bear watching in the Atlantic basin in the coming days as a strange hurricane season continues to defy expectations. CNN WeatherThe US Gulf Coast could finally have some atmospheric protection on its side after multiple devastating hurricane strikes this season. This season is above average in terms of named storms, hurricanes and major – Category 3 or stronger – hurricanes. Hurricane season officially ends on November 30, but tropical systems aren’t bound by that date.

Persons: Patty, Rafael, Sara, It’s, it’s, Michael Lowry, Helene, Milton Organizations: CNN, National Hurricane Center, Central America, Storm, Puerto Rico Thursday, Virgin, NOAA, Hurricane Locations: Caribbean, of Mexico, Central, Puerto, Puerto Rico, Virgin Islands, Hispaniola, Gulf, Mexico

☆ What’s at stake on Tuesday? The planet.
▼ + stars: | 2024-11-01 | by ( Bill Weir | ) edition.cnn.com time to read: +8 min

Julian Quinones/CNNFormer Trump administration officials have outlined the speed at which they intend to dismantle the progress the Biden administration made on climate change. Trump has publicly distanced himself from the ideological blueprint, but CNN found at least 140 authors worked in the Trump administration. But given the momentum of the clean energy train, some experts and analysists doubt that Trump would be able to derail it entirely. While the green trend in economics now has Republican states like Texas leading the nation in clean energy installations, Germany, Japan and China got there first. Trump’s plan is to undo that progress, throw billions of dollars of clean energy investment out the window and give other countries the economic opportunity, instead.

Persons: CNN —, ” Mark Twain, Twain, Tom Sawyer ”, Helene, Lincoln, Reagan, it's, Julian Quinones, Kamala Harris, Harris, ”, Donald Trump, Biden, Trump, ” Mandy Gunasekara, CNN’s Ella Nilsen, David Bernhardt, Nilsen, Gunasekara, Bernhardt, Al Gore, Gore, Bill Weir, CNN Bill Gates, ” Gates, Mark Twain, “ Organizations: CNN, CNN Former Trump, Environmental, Agency, Trump, Energy Ventures, Microsoft Locations: Minnesota, American, Paris, Phoenix, CNN's, Greenland, Texas, Germany, Japan, China, America

☆ U.S. economy added just 12,000 jobs in October, impacted by hurricanes, Boeing strike
▼ + stars: | 2024-11-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Nonfarm payrolls increased by 12,000 for the month, down sharply from September and below the Dow Jones estimate for 100,000, the Bureau of Labor Statistics reported Friday. In what had already been expected to be a downbeat report, October posted the smallest gain since December 2020. A broader measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons also was unchanged at 7.7%. In the report narrative, the BLS noted that the Boeing strike likely subtracted 44,000 jobs in the manufacturing sector, which lost 46,000 positions overall. The meager jobs numbers along with wages about in line with expectations help cement another interest rate cut from the Federal Reserve next week.

Persons: Nonfarm, Dow Jones, Helene, Milton, Cory Stahle, Kamala Harris, Republican Donald Trump, Lisa Sturtevant Organizations: of Labor Statistics, BLS, Boeing, Federal Reserve, Republican, Bright MLS Locations: U.S

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

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

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

“I have a plan and strategy,” Ivan Raiklin, a former Green Beret and political operative who has close ties to associates of Trump, told a group of Pennsylvania activists earlier this month. Four years ago, Trump’s unsuccessful efforts to overturn his loss to President Joe Biden didn’t truly materialize until after the election. Brian Snyder/ReutersBut this time around, MAGA activists have been planning to undermine a potential Harris victory well in advance of the election, with some even arguing that state legislators should simply ignore the election results and award electoral votes to Trump by default. “Those looking to overturn the election are way ahead of where they were in 2020,” said Harris. Trump himself has echoed some of the conspiracy theories pushed by his supporters, suggesting that election fraud is rampant in 2024.

Persons: Donald Trump’s, –, Kamala Harris, “, Ivan Raiklin, Trump, Ford Fischer, News2Share, Harris, Joe Biden didn’t, Brian Snyder, MAGA, ” Marc Harris, CNN he’s, ”, Emerald Robinson, ” Patrick Byrne, Greg Locke, Kamala, ” Locke, ” Joe Hoft, Steve Bannon, They’ve, Jamie Raskin, Axios, Raskin, Marjorie Taylor Greene, ” Greene, ” Lara Trump, ” Karoline Leavitt, Andy Harris, Hurricane Helene, disenfranchise, Mike Pence, Raiklin, Mark Finchem, ” Noel Fritsch, ” Fritsch, Fritsch, Karen Brinson Bell, Derek Muller, “ It’s, ” Muller, there’s, Michael Flynn, Flynn, Donald Trump, Andrew Caballero, Reynolds, Donald ”, denialism, Devin Burghart, Pastor Mark Burns of, ” Burns, Burns Organizations: CNN, Green Beret, Trump, Freedom, Reuters, Department of Homeland Security, Federal Bureau of Intelligence, Capitol, Democratic, Democratic Maryland Rep, GOP Georgia, Capitol Police, Republican National Committee, Team Trump, RNC, White, Caucus, Republican, University of Notre Dame, Washington DC, Getty, Colorado’s Department of Public Safety, Property, Global, Institute for Research, Human Rights, America Locations: America, Greeley , Pennsylvania, Tennessee, United States of America, North Carolina, Hurricane, Arizona, Florida, Raiklin, Washington, AFP, Pastor Mark Burns of South Carolina, United States

☆ Boeing strike will dent last jobs report before election
▼ + stars: | 2024-10-31 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing workers gather on a picket line near the entrance to a Boeing facility during an ongoing strike on October 24, 2024 in Seattle, Washington. Boeing 's more than seven-week machinist strike is set to hit Friday's U.S. jobs report — the last one that will be released before Nov. 5 presidential election and the Federal Reserve's meeting next week. Some 44,000 U.S. workers were on strike when the Labor Department conducted its survey in mid-October. About 33,000 of them are Boeing machinists, who walked off the job on Sept. 13 after overwhelmingly voting against a union-endorsed labor contract and in favor of their first strike since 2008. Boeing's machinist strike has complicated the plane maker's already difficult position as its new CEO Kelly Ortberg tries to steer the giant U.S. manufacturer and exporter out of safety, quality and financial crises.

Persons: Christopher Waller, I'm, Kelly Ortberg Organizations: Boeing, Labor Department, Bank of America, Federal Locations: Seattle , Washington, Hurricane Milton, Seattle

☆ We're hiking our price target on an industrial whose earnings benefit from AI data center boom
▼ + stars: | 2024-10-31 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Electrical components and power systems company Eaton delivered mixed third-quarter results Thursday morning, and its stock paid the price. Eaton management raised its full-year guidance for both operating margin and earnings per share (EPS). However, we're increasing our price target to $375 per share from $350, implying over 9% upside from Wednesday's close. 2025 outlook Looking to next year, management didn't provide formal sales or earnings guidance, but they did provide growth assumptions for the company's key end markets. Industrial facilities (12% of sales), defense aerospace (6% of sales), and commercial and institutional (20% of sales) are expected to realize "modest growth."

Persons: Eaton, it's, we've, Oliveri Leonetti, Parker, wouldn't, Craig Arnold, Jefferies, Jim Cramer's, Jim Cramer, Jim Organizations: Revenue, LSEG, Boeing, Electrical, Aerospace, Hannifin, DuPont, Honeywell, CNBC, Eaton Corporation, NYSE Locations: Florida, Eaton, Americas, North America

☆ Worst drought in decades develops after one of driest months in US history
▼ + stars: | 2024-10-31 | by ( Mary Gilbert | ) edition.cnn.com time to read: +6 min

CNN —One of the driest months in United States history is coming to a close after causing the worst drought in more than 20 years in parts of the East as temperatures soar well above average there. As of October 25, the average precipitation across the Lower 48 was less than an inch. Only five months in the 129 years of records have ended with less than an inch of average precipitation over the Lower 48. Flash drought happens when drought conditions increase quickly, rather than over a multi-month or yearly timeframe, according to NOAA. It’s the state’s worst drought level since 2002.

Persons: haven’t, hadn’t, hasn’t, Hurricane Helene, Milton Organizations: CNN, National Oceanic, Atmospheric Administration, New, York, East, NOAA, Associated Press, New Jersey Forest Fire, National Interagency Fire Center Locations: United States, New York City, Philadelphia, Atlanta, Central, Hurricane, Florida, Hurricane Milton, Tampa, Midwest, New Jersey, Delaware, Pennsylvania, Mississippi, Ohio, Essex County , New Jersey, Michigan , New Jersey, Massachusetts, West Coast

☆ Hunkering in a car. Belongings washed away. Natural disasters leave people experiencing homelessness with few options
▼ + stars: | 2024-10-31 | by ( Taylor Galgano | ) edition.cnn.com time to read: +8 min

CNN —Ahead of Hurricane Milton, many families in Florida were hunkering down in their homes or packing up their belongings to evacuate. She said she tried to get into multiple hurricane shelters, but the ones nearby were all full, and others were five hours away. “You can’t get to any of the hurricane shelters if you have a car that barely drives and you have no gas money to put in it,” said Jessica. “So, it’s just like you’re stuck with your fingers crossed with two children.”Unfortunately, Jessica’s experience during Hurricane Milton was not unique. Angels of Hope Outreach Ministries captures an encampment a few days after Hurricane Milton in St. Lucie County.

Persons: Jessica, I’m, ”, Billie Eilish, “, Hurricane Milton, David, Kelly Long, David Long, Milton, Hurricane Helene, Mike DeSerio, Helene –, Helene, Donald Whitehead, ” Whitehead, ” Mary Frances Kenion, Lucie County, Christina Haney Reagan’s, Reagan, Reagan’s, ” Reagan, haven’t, Linda King, King, she’s, ” King, don’t Organizations: CNN, Facebook, Hope Outreach Ministries, National Coalition for, Training, National Alliance, Homelessness, Hope Outreach, Asheville Locations: Hurricane Milton, Florida, Hurricane, North Carolina, Buncombe County, County, Asheville , North Carolina, Asheville, St, Lucie, Helene

☆ Friday’s jobs report just might disprove right-wing conspiracy theories
▼ + stars: | 2024-10-31 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

But they may ditch their argument Friday morning, when the October jobs report is set to be released — just days before Election Day. Groshen disagreed, saying that initial estimates of the monthly change in hiring are “noisier than they used to be” because of the lower response. However, that gets smoothed out in later revisions as response rates improve with the additional time. That exacerbates the funding shortfall at the BLS, where inflation-adjusted funding has steadily declined over the past decade, she said. That would help improve, for instance, Federal Reserve officials’ ability to make interest rate decisions that hinge on the latest labor market data, Groshen told CNN.

Persons: Donald Trump, Hurricanes Helene, Milton, Republican Sen, Marco Rubio, ”, Harris, ” Rubio, Rubio, Erica Groshen, Trump, Karoline Leavitt, Kamala Harris “, Laura Kelter, Groshen, “ Organizations: New, New York CNN, Bureau of Labor Statistics, BLS, Hurricanes, Republican, Biden, Trump, Cornell University School of Industrial and Labor Relations, Department of Labor, Census Bureau, Management, CNN, Biden Administration, Employment, Federal Locations: New York, Florida, America

Likely voters in Georgia divide 48% for Trump to 47% for Harris, and in North Carolina, Harris stands at 48% to Trump’s 47%. North Carolina, which narrowly supported Barack Obama in 2008, has voted Republican in the past three presidential elections. While the polls find similar political environments in Georgia and North Carolina overall, there are some significant differences. In both states, Harris leads among Black likely voters (84% to 13% in Georgia, 78% to 19% in North Carolina) and voters with college degrees (55% to 39% in Georgia, 53% to 42% in North Carolina). Interviews were conducted October 23-28, 2024, online and by telephone with registered voters, including 732 voters in Georgia and 750 in North Carolina.

Persons: CNN —, Kamala Harris, Donald Trump, SSRS, Harris, Barack Obama, Joe Biden, Bill Clinton, they’ve, –, Harris ’, White, ”, Josh Stein, Republican Mark Robinson, Robinson, Stein, Biden, Hurricane Helene, Helene, Black, Trump Organizations: CNN, White House, Trump, Republican, Democrat, Wisconsin –, White, North, Trump voters, North Carolina, Voters, – Locations: Georgia, North Carolina, Arizona, Michigan, Nevada , Pennsylvania, Wisconsin, North, In Georgia

☆ Friday's jobs report is expected to show the slowest pace of hiring in years
▼ + stars: | 2024-10-31 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Goldman Sachs estimates that Helene could shave as much as 50,000 off the payrolls count, though Hurricane Milton probably happened too late to impact the October count. The Boeing strike, meanwhile, could lower the total by 41,000, added Goldman, which is forecasting total payrolls growth of 95,000. Data has been solidYet indicators leading up to the much-watched jobs report show that hiring has continued apace and layoffs are low, despite the damage done from the storms and the strikes. Still, the White House is estimating that the events cumulatively may hit the payrolls count by as many as 100,000. The "disruptions will make interpreting this month's jobs report harder than usual," Jared Bernstein, chair of the Council of Economic Advisers, said Wednesday.

Persons: Angus Mordant, Dow Jones, Milton, Michael Arone, Arone, Goldman Sachs, Helene, Hurricane Milton, Goldman, Jared Bernstein Organizations: Bloomberg, Getty, of Labor Statistics, Hurricanes, Boeing, State Street Global Advisors, of Economic Advisers Locations: Catskill , New York, U.S, Hurricane

☆ Trump is already poisoning trust in yet another US election
▼ + stars: | 2024-10-31 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

On one level, Trump’s comment shows how his false election fraud claims have entered the outer realms of absurdity. The election fraud claims that Trump most notably supercharged in 2020 to salve his humiliation at losing to Joe Biden are already at high intensity this year. After laying out the darkest closing argument in modern American history, Trump is now increasingly turning to poisoning public confidence in the election. Gore conceded that election, thereby guaranteeing an uncontested transfer of presidential power — a step Trump refused to take four years ago. Just 30% of registered voters think Trump would accept the results of the election and concede if he loses, while 73% say that Harris would accept an election loss.

Persons: Donald Trump, he’d, Trump, he’s, Joe Biden, “, ”, we’d, Kamala Harris, Harris, Andy Harris, Hurricane Helene, Glenn Youngkin, Elon Musk, bellicose, Brendan McDermid, Al Gore, George W . Bush, Gore, Stacey Abrams, Republican Brian Kemp, CNN’s Danny Freeman, ” Trump, Josh Shapiro, CNN’s Kaitlan Collins, “ Donald Trump, Jonathan Drake, Gabriel Sterling, Georgia, ” Sterling, CNN’s Jake Tapper Organizations: CNN, Republican, New, Democratic, GOP, Republican National Committee, Maryland Republican, —, Trump, Republicans, Representatives, Virginia Gov, Albuquerque International, Reuters, Texas Gov, US, Georgia, Pennsylvania, stoke Locations: California, New Mexico, Pennsylvania, Maryland, Hurricane, United States, Albuquerque , New Mexico, Florida, Lancaster County, York County, Marion , North Carolina, Georgia

☆ Expect the unexpected in Friday’s jobs report
▼ + stars: | 2024-10-31 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

☆ Private job creation totaled a stunning 233,000 in October, far more than expected, ADP says
▼ + stars: | 2024-10-30 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +2 min

ADP said it was the best month for job creation since July 2023. “Even amid hurricane recovery, job growth was strong in October,” ADP chief economist Nela Richardson said. Job creation was strongly concentrated in companies with 500 or more employees, which added 140,000 of the total. The ADP report traditionally tees up the more closely watched nonfarm payrolls count from the Bureau of Labor Services. The BLS report showed private job gains of 223,000 in September and 254,000 total payrolls growth.

Persons: Dow Jones, Nela Richardson, Helene, Milton — Organizations: North Carolina, Boeing, Federal Reserve, Manufacturing, Bureau of Labor Services, ADP, BLS Locations: U.S, Florida, North

☆ US economic growth came in slightly under expectations but consumer spending remains strong
▼ + stars: | 2024-10-30 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

AdvertisementIn the third quarter, US economic growth fell short of expectations but remained strong. "The increase in real GDP primarily reflected increases in consumer spending, exports, and federal government spending," the news release said. Consumer spending was a particular highlight, with personal consumption expenditures growing at a strong 3.7% annualized rate. AdvertisementThe weaker-than-expected GDP growth doesn't necessarily mean the US is heading toward a recession. Investment in nonresidential equipment had another strong quarter, surging at an annualized rate of 11.1%.

Persons: —, David Kelly, Hurricane Helene, Hurricane Milton, Mark Hamrick Organizations: Federal Reserve, Service, Investment, Fed, Morgan Asset Management, Commerce Department, Hurricane Locations: Hurricane

☆ Private sector added twice as many jobs as expected in October
▼ + stars: | 2024-10-30 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

CNN —Private sector hiring blew past expectations in October, another sign that the US labor market remains on solid footing, payroll processor ADP reported Wednesday. Non-governmental employers added 233,000 jobs in October, a sharp acceleration from the 159,000 net increase reported for September, according to ADP’s latest National Employment Report. Wednesday’s gains throttled economists’ expectations for job growth to slow to a mere 108,000 jobs from the initial estimate of 143,000, FactSet estimates show. Pantheon Macroeconomics is sticking with its forecast of 100,000 payroll gains, according to an investors note sent Wednesday. And while a resurgence in the labor market could raise concerns about a reacceleration in inflation, October’s ADP data showed otherwise, Richardson said.

Persons: Nela Richardson, Hurricane Helene, ADP’s tabulations, ” Richardson, Richardson, “, Irma, ” Samuel Tombs, Milton …, Wednesday’s, ” Organizations: CNN, ADP, Boeing, Labor Department, of Labor Statistics, Pantheon, Companies, Federal Reserve Locations: Hurricane Milton, Carolina, Florida, Milton, South Atlantic

☆ Why the October jobs report on Friday could sink the market's soft-landing narrative
▼ + stars: | 2024-10-30 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

September's payrolls report exceeded expectations, but economists see weak gains for October. Even with lower expectations, a poor print could reset the market's narrative around a soft landing. AdvertisementThe narrative around ongoing labor-market strength revived with September's payrolls report, which topped economists' expectations by over 100,000 jobs. "The October jobs report will likely show a severe but short-lived hit from hurricanes Helene and Milton," Adams said. Another sign that September's jobs numbers may have been overstated is that other employment indicators haven't started to trend upwards.

Persons: September's, —, Hurricanes Milton, Helene, Tom Essaye, Ben McMillan, McMillan, Goldman Sachs, there's, Goldman, Claudia Sahm, Michael Cuggino, Bill Adams, Milton, Adams, Neil Dutta, David Rosenberg, Rosenberg, Dutta Organizations: Service, Bureau of Labor Statistics, Hurricanes, Boeing, IDX Advisors, of Labor Statistics, Comerica, Funds, Federal Reserve, Macro, BLS, PMI

Legal experts say an attempt to overturn the 2024 election results would be more difficult than in 2020. And a lost Chopin waltz is discovered after 200 years. Legal experts say those changes would make another attempt to overturn the result of the election much more difficult and unlikely. If Trump attempted to overturn the election result in Congress, he’d be up against the bipartisan Electoral Count Reform Act. This election season, voters said they are disillusioned by both major parties, especially over the handling of the war in Gaza.

Persons: Andrea Mitchell, Antony Blinken’s, Chopin, Donald Trump, Trump, he’d, Matthew Sanderson, Kamala Harris, JD Vance, hadn’t, Tony Hinchcliffe, ”, Hinchcliffe —, ➡️ Elon Musk, Harris, ➡️ Jeff Bezos, “, WaPo, ➡️, Democratic Sen, Bob Casey of Pennsylvania, Isaac Herzog, Antony Blinken, Nathan Howard, Benjamin Netanyahu, Yahya Sinwar’s, Blinken, Brittany Randall, Kamberlyn Bowler, ” Randall, Freddie Freeman, Jay Johnston, Bob’s, Helene, Milton, Matthew Perry’s, Suzaenne Perry, Mustafa Hussain, Vanessa Leroy, — Zara Katz, Brooks, Jolie, Elizabeth Robinson Organizations: NBC, Trump, Count, Washington , D.C, Trump’s New, PAC, The Washington Post, Democratic, ➡️ Authorities, Getty, U.S, United Nations, West Bank ., CDC, Los Angeles Dodgers, New York Yankees, JPMorgan, Cuban, NBC News, American, RNC, Ninja Locations: Washington ,, Georgia, Trump’s New York City, Puerto Rico, Michigan, Portland , Oregon, Vancouver , Washington, Iran, Tel Aviv, AFP, Israel, Washington, Gaza, Lebanon, Beirut, U.S, Junction , Colorado, “, Dearborn , Michigan, Dearborn, Detroit

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