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Brendan McDermid | ReutersThis 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. Markets are back to contending with rising oil prices, inflation possibly reaccelerating, fewer-than-expected rate cuts and potentially even a distant recession. The yield curve inverted in early July 2022 and normalized in early September. It's not inconceivable, then, for investors who take stock in what the yield curve signals to panic a little.
Persons: IXIC, Brendan McDermid, That's, Jeff Cox, It's, David Roche, Bob Parker, – CNBC's, Lisa Kailai Han, Jesse Pound Organizations: New York Stock Exchange, Reuters, CNBC, Quantum, International Capital Markets Locations: U.S
Debris removal continued throughout the state as officials urged residents to prepare for the worst and heed evacuation orders. “If you’re in the path of Hurricane #Milton, the time to act is NOW,” the Federal Emergency Management Agency posed on X. A member of the Florida Army National Guard removes debris in St. Petersburg on Monday ahead of Hurricane Milton's expected landfall. In Sarasota County, officials warned residents not to let their guards down and ordered evacuations for the barrier islands and for people in mobile or manufactured homes. “We take it serious, but we are not getting too excited about it.”Jesse Kirsch reported from Sarasota, Florida; Dana Griffin from Naples Beach, Florida; Chase Cain, from Orlando, Florida; and Alicia Victoria Lozano from Los Angeles.
Persons: Hurricane Milton, Helene, Milton, ” Cleon Dixon, Helene pummeled, Milton's, Bryan R, Smith, Dixon, , , Helene’s wallop, John, Rhonda Keigher, Rhonda, ” John, ” Rhonda, Patty Sheehan, you’ve, Joe Biden, Kurt Hoddman, Anna Maria, David Tucker, Jenny Bodmer, evacuates, ” Carsten Haake, ” Jesse Kirsch, Dana Griffin, Chase Cain, Alicia Victoria Lozano Organizations: Hurricane, Residents, Federal Emergency Management Agency, Florida Army National Guard, Getty, City, Florida Peninsula, USA Locations: SARASOTA, Fla, Gulf Coast, Fort Meyers, Tampa, St, Armands, Sarasota, St . Petersburg, AFP, , Madeira Beach, of Mexico, Palm Harbor, Florida, Orlando, Hurricane, Mexico, Florida’s, Treasure Island, Sarasota County, Hillsborough County, Pinellas County, West Palm Beach, Naples, Miami, Germany, Sarasota , Florida, Naples Beach , Florida, Orlando , Florida, Los Angeles
Inflation could be a market-driving fear again this week when September data is released, according to Bank of America. But last week's stronger-than-expected jobs report has shaken up the consensus outlook for the economy. "After the blowout jobs report, CPI is no longer a 'non-event.' The CPI report is due out before the opening bell Thursday. Economists surveyed by Dow Jones expect the CPI report to show a 0.1% increase in September and a 2.3% rise from 12 months earlier.
Persons: Dow Jones Organizations: Bank of America, Federal
The tech trade lost some of its steam over the summer, and that could create opportunities for tactical trading in the fourth quarter, several investors told CNBC. The Nasdaq Composite rose 2.6% during the third quarter, lagging behind both the broader S & P 500 's gain of 5.5% and the small Russell 2000's jump of 8.9%. Still, many investors are cautious of abandoning the tech trade completely even after a few bumpy months. Even after the recent slump, those stocks still account for about 31% of the S & P 500, and even more in many funds focused on tech or growth. RSP 6M mountain This equal weight version of the S & P 500 outperformed the regular S & P 500, the Nasdaq Composite and the Dow Jones Industrial Average in the third quarter.
Persons: Russell, James Ragan, DA Davidson, We're, Frank Tedesco, Ragan, Jason Browne, Alexis, We've, we've, Browne, LEXI Organizations: CNBC, Nasdaq, Nvidia, Microsoft, DA, Astoria, RSP, Dow Jones, Quality, Alexis Investment Partners, Big Tech Locations: Astoria
Generac Holdings — Shares of the maker of power generators surged 8% as Hurricane Milton intensified into a Category 5 storm . Amazon — The e-commerce stock lost 2.9% after Wells Fargo downgraded shares to equal weight from overweight and cut its price target, citing slowing growth and competition from Walmart. Hershey – Shares fell 2% after the chocolate maker was downgraded to neutral at UBS and to market perform at Bernstein. JPMorgan downgraded shares to underweight from neutral, citing dwindling confidence in the Israel-based company grapples with share loss concerns and volume challenge. JPMorgan downgraded shares to neutral, citing limited EPS upside from here.
Persons: Milton, Wells, Chubb, Morgan Stanley, Coty, Ashley Helgans, Arcadium, Bernstein, GLP, Ciena, , Yun Li, Hakyung Kim, Alex Harring, Jesse Pound, Michelle Fox, Sean Conlon, Pia Singh Organizations: Generac Holdings, Walmart, Pfizer —, CNBC, Insurance, , Allstate, Travelers, Progressive, Hurricane, Universal Insurance, Air Products, Chemicals, Garmin —, Garmin, Jefferies, Rio Tinto, Hershey –, UBS, Butterfly Equity, JPMorgan, Apple Locations: Florida, Hurricane Milton, Fort Lauderdale , Florida, Wells Fargo, California, Israel
Stock futures were flat on Sunday evening as Wall Street looks to keep the momentum from Friday's rally. S&P 500 futures added less than 0.1%. Nasdaq 100 futures were also up less than 0.1%, while Dow Jones Industrial Average futures ticked up 26 points, or less than 0.1%. The S&P 500 added 0.22% for the week, while the Nasdaq Composite inched up 0.10% and the Dow added 0.09%. "Two old adages on Wall Street: don't fight the trend and don't fight the Federal Reserve.
Persons: Keith Lerner, Lerner, JPMorgan Chase Organizations: Nasdaq, Dow Jones Industrial, Dow, Federal, Federal Reserve, Delta Air Lines, JPMorgan Locations: U.S
CNN —For months before the 1997 premiere of “The Puppy Episode,” the groundbreaking episode of Ellen DeGeneres’ hit sitcom “Ellen,” rumors swirled that the comedian and her fictional counterpart would come out as gay. Until “The Puppy Episode,” the character had rarely dated and mostly resisted romance, deviating from sitcom conventions of the time and frustrating network executives. Ellen Morgan never did get that puppy, but the episode made history as Ellen became one of the first out gay lead characters on TV. “That’s why it worked — because it was real.”How ‘The Puppy Episode’ got madeThe making of “The Puppy Episode” started with DeGeneres. Gay innuendos abound from the first episode of Season 4: A microwave or doorbell dings when a character says the word “gay,” Savel said.
Persons: Ellen DeGeneres, “ Ellen, DeGeneres, Ellen Morgan, jerking, Ellen, I’ve, Michael Eisner, Ellen wouldn’t, “ Ellen ”, Grace ”, Dava Savel, “ Ellen’s, She’s, , , , ” Savel, who’s, Dean Valentine, Savel, Ellen ”, couldn’t, Susan, Laura Dern, Oprah —, she’s, ” Ellen, “ Susan, Tracy Newman, Jonathan Stark, Ron Galella, ” Rachel Loewen Walker, didn’t, Ellen Degeneres, ” Loewen Walker, Ellen ’, DeGeneres ’, Loewen Walker, who’ve, “ Will, Will, Jack didn’t, Mitchell, Cameron, Lily, Eric Stonestreet, Jesse Ferguson, Richard Cartwright, Arizona Robbins, ” DeGeneres, Savel hasn’t, It’s Organizations: CNN, Disney, ABC, University of Saskatchewan, CBS, Netflix, Getty, Peabody Locations: , Galella, Alabama, Canada
"We have kind of a two-level house — it's not a two-story, but there are two levels," Smith-Frady told Business Insider. AdvertisementIn May 2024, the average cost of flood insurance in Florida was $781 a year, according to personal-finance company NerdWallet. Advertisement"It basically makes the home a total loss if they don't have flood insurance," Meyer Lucas said. "In Florida, there's really high flood risk, which I think is broadly understood, but that the cost associated with that flood risk is not being captured in home values." "The storms are happening so diversely in so many different areas of the state," D'Amario told Business Insider.
Persons: Helene, , Hurricane Helene, Alexis Smith, Smith, Frady, Idalia, She's, Katie Mallah, Mallah, Katie Mallah Mallah, it's, Heather Cameron, Cameron, Holly Meyer Lucas, Meyer Lucas, Jon Schneyer, Pete, haven't, Jesse Gourevitch, there's, Ryan D'Amario, D'Amario Organizations: Service, FEMA, Business, Flood Insurance, Hurricanes, Sunshine State, Farmers Insurance, Bankers Insurance, Miami Herald, Capital Economics, Palm, Street Journal, Environmental Defense Fund Locations: Florida, St, Petersburg, Hurricane, Bradenton, North Carolina, Tampa, Sarasota, St . Petersburg, Shore, Shore Acres , Florida, Insurify, Palm Beach, Nature, Appalachia, Gulf
Brian Niccol and Elliott Hill are taking over Starbucks and Nike , respectively, just as a key market that weighed on their predecessors gets a boost. As China's economic stimulus takes shape, it could end up helping these global brands. Nike and Starbucks in China While the exact plans for Niccol and Hill are still unclear, the Chinese market seems like it will be an area of focus. At Starbucks, the company's leadership team in China has already been reshuffled since Niccol took over in September. Still, a rebound for China's consumer won't necessarily boost sales for Starbucks and Nike without better execution.
Persons: Brian Niccol, Elliott Hill, Hartmut Issel, Niccol, Matthew Friend, Hill, Chen Luo, Ellen Hazen, . Putnam, Hazen, Eric Clark, I'd, it's, Clark, America's Luo, — CNBC's Michael Bloom Organizations: Starbucks, Nike, Bank of America — Nike, UBS, Bank of America, CNBC, Brands, Bank, America's Locations: China, United States, Niccol, .
DETROIT — General Motors has temporarily halted vehicle production at two U.S. factories that assemble highly profitable large pickups and SUVs due to impacts to suppliers as a result of Hurricane Helene. A GM spokeswoman declined to speculate on when the plants were expected to restart production as of Friday morning. A Thursday message to workers in Arlington viewed by CNBC said production at that plant was expected to resume Monday. Hurricane Helene made landfall in Florida late last week and hit the southeastern United States and parts of western North Carolina particularly hard. Jeffrey Morrison, GM vice president of global purchasing and supply chain, on Thursday said the hurricane and the port workers strike were disruptive events for the automaker.
Persons: Hurricane Helene, , Jeffrey Morrison, dockworkers, Morrison, “ Covid, Jesse Jackson’s, We’ve, ” Morrison Organizations: DETROIT, Motors, Arlington Assembly, Chevrolet, Cadillac, GMC Yukon, CNBC, Coalition, Locations: Hurricane, Flint , Michigan, Texas, Arlington, Florida, United States, North Carolina, Detroit
MILWAUKEE — Pete Alonso hit a go-ahead, three-run homer off closer Devin Williams in the ninth inning and the New York Mets beat the Milwaukee Brewers 4-2 on Thursday night to win their NL Wild Card Series. With their latest thrilling comeback in the decisive Game 3 against Milwaukee, the Mets advanced in the playoffs for the first time since winning the 2015 National League pennant. New York went 6-7 against the Phillies during the regular season and finished six games behind them in the division standings. The Mets were 22-33 in late May but played as well as anyone in baseball the rest of the regular season. David Peterson, making his first relief appearance of the season, worked the ninth to pick up his first major league save.
Persons: Pete Alonso, Devin Williams, haven’t, Jake Bauers, Sal Frelick, Buttó, Tobias Myers, Williams, Francisco Lindor, Mark Vientos, Brandon Nimmo, Alonso, hadn’t, Jesse Winker, Starling, Brewer, Frelick, Joey Ortiz, Brice Turang, Edwin Díaz, David Peterson, Myers, Jose Quintana, Quintana Organizations: MILWAUKEE, New York Mets, Milwaukee Brewers, NL, Milwaukee, Mets, National, NL East, Phillies, Brewers, Milwaukee’s, Atlanta Locations: Philadelphia, New York, Milwaukee, New
The September jobs report was surprisingly strong , and the details show that growth came from many different areas of the economy. Within hospitality, food services and drinking places saw jobs jump by 69,000. Professional and business services grew by 17,000 jobs, which is a notable change for a category that had shed jobs in recent months. The only caution flag could be the rise in those with multiple jobs," Roach said. Two key areas that lost jobs last month were manufacturing and transportation and warehousing, though each category shrank by fewer than 10,000 jobs.
Persons: Jeffrey Roach, Roach Organizations: of Labor Statistics . Government, LPL Financial
Spirit Airlines , JetBlue – Spirit plunged more than 38% following a report from The Wall Street Journal that the discount airliner is considering filing for bankruptcy. Shares of peer airline firm JetBlue, which was previously in talks to merge with Spirit, advanced nearly 6%. Zim Integrated Shipping Services – The international shipping company's stock fell more than 9% after U.S. dockworkers and the United States Maritime Alliance agreed to a tentative deal to end the strike on the East Coast and Gulf Coast ports. CVS Health – The company's shares added 1.5% as it is considering breaking itself up and undergoing a strategic review of its business. Chubb – The insurance company slipped more than 1% after Bank of America downgraded shares to underperform from neutral.
Persons: Hapag, Lloyd, Rivian, Chubb, SilverCrest, , Jesse Pound, Brian Evans, Hakyung Kim, Pia Singh, Michelle Fox Theobald Organizations: Spirit Airlines, JetBlue, Wall Street Journal, Food and Drug Administration, Zim Integrated Shipping Services, U.S, dockworkers, United States Maritime Alliance, CVS Health, CVS, Bank of America, SilverCrest Metals, Coeur Locations: East Coast, Gulf Coast
EVgo — Shares advanced more than 9% after JPMorgan upgraded the electric vehicle charging company to overweight . Levi Strauss — Shares plunged 12% after the denim maker trimmed its full-year revenue guidance and delivered fiscal third-quarter revenue that missed analysts' expectations. Constellation Brands — The beverage company rose slightly on the back of better-than-expected fiscal second-quarter earnings. Revenue of $2.92 billion, however, marginally missed expectations. Stellantis — The automaker was down more than 3% in the premarket after a Barclays downgrade to equal weight from overweight.
Persons: Mizuho, Jensen Huang, CNBC's, Blackwell, Eli Lilly, Bill Peterson, Levi Strauss —, Stellantis, Henning Cosman, — CNBC's Brian Evans, Lisa Han, Jesse Pound, Sean Conlon Organizations: Mizuho, Nvidia –, U.S . Food, Drug Administration, JPMorgan, Dockers, Constellation Brands, Barclays Locations: U.S
Oil prices keep pushing higher as tensions build in the Middle East, and the moves in crude appear to be weighing on the stock market. Overlaying the charts of the United States Oil Fund LP (USO) and the S & P 500 in recent days shows that the fund and the index appear to be inversely correlated. In other words, when the oil fund climbs during the day, the stock market tends to dip, and vice versa. This is a change from rest of the year, when there appeared to be little relationship between the price of oil and the broad stock market. In midday trading Thursday, U.S. crude oil prices were up 4% , and the USO had jumped roughly 3%.
Persons: Jeremiah Buckley, Janus Henderson, Buckley Organizations: United States Oil Fund, CNBC, USO Locations: Iran, Israel
Recent hiccups for Nvidia could be the start of broader weakness for the artificial intelligence boom, and investors should consider dialing back their exposure to the stock, according to one small equity research shop. But last quarter sequential growth slowed again and now I'm concerned that it can continue to slow in Q3 and Q4. Elazar is not completely alone in being skeptical of Nvidia, but it's definitely a contrarian stance. Of the 64 analysts tracked by LSEG, 58 have buy or strong buy ratings on Nvidia, with the remaining six having hold ratings. Nvidia's stock is up 700% since the start of 2023, so being bullish has been the right call for Wall Street analysts.
Persons: Elazar, Chaim Siegel, Blackwell, it's Organizations: Nvidia, Elazar Advisors, Wall Street Locations: decel
CNN —Asheville was touted as a climate haven, a place to escape the worst ravages of extreme weather. It pummeled western North Carolina as a tropical storm Friday. In some ways, this scenic swath of western North Carolina was primed for catastrophe. Both systems concentrated their highest rainfall on western North Carolina, killing 11 people. A recent First Street report found parts of North Carolina devastated by Helene could now experience a once-in-100 year flood every 11 to 25 years.
Persons: , Kathie Dello, Hurricane Helene, Helene, Melissa Sue Gerrits, Jesse Keenan, Susan Hassol, Dello, ” Dello, Ivan, Frances, Sean Rayford, Fred, Travis Long, Helene “, Ed Kearns, ” Kerns, Esther Manheimer, Tulane University’s Keenan, Keenan, ” There’s, Rachel Ramirez, Ella Nilsen, Brandon Miller Organizations: CNN, Asheville, Highways, Biltmore, Tulane University, Lawrence Berkeley National Laboratory, Tropical, First Street Foundation, Tulane Locations: North Carolina, America, North Carolina’s, Florida, Buncombe County, Asheville, Gulf of Mexico, California , Arizona, Carolinas, Georgia, Buncombe, Biltmore Village, Cruso , North Carolina, Canada, Vermont, West Virginia, Phoenix
Tesla — Shares declined about 4% after the electric vehicle company fell short of third-quarter delivery estimates . Chinese stocks — Chinese stocks continued to rally on the back of sweeping stimulus measures in the country. Lamb Weston Holdings — Shares of the french fry giant rose more than 2% after its fiscal first quarter topped estimates. Analysts surveyed by LSEG expected 72 cents per share in earnings and $1.56 billion in revenue. The company posted revenue of $2.79 billion, versus a FactSet estimate of $2.84 billion.
Persons: Humana, That's, JD.com, Davidson, Lamb, Lamb Weston, LSEG, CNBC's Lisa Han, Yun Li, Jesse Pound, Michelle Fox, Sean Conlon Organizations: Nike, Exchange, KraneShares CSI China Internet, Baird, Lamb Weston Holdings —, Barclays, Endeavor Energy Resources, Conagra
Humana – Shares plunged more than 22% after the healthcare company announced dire preliminary Medicare Advantage data for 2025. China stocks – Shares of Chinese companies continued to gain amid the broader stimulus rally . Diamondback Energy – The oil stock rose 3% following an upgrade to overweight from equal weight at Barclays. Energy stocks – Shares of energy companies rose following Iran's missile attack on Israel . APA Corp and Marathon Oil both rose more than 2%, and Occidental Petroleum rose more than 1%.
Persons: PDD, Alibaba, Lamb Weston –, Lamb, Betty Jiang, Diamondback, Dan Arnold, Rich Steinmeier, Davidson, , Lisa Kailai Han, Jesse Pound, Sarah Min, Michelle Fox Theobald Organizations: Nike –, Nike, Li Auto, Baidu, Diamondback Energy, Barclays, Endeavor Energy Resources, LPL, LPL Financial, Baird, Energy, APA Corp, Marathon Oil, Occidental Petroleum Locations: China, Israel
Ford Motor — The automaker jumped 2.3% after Goldman Sachs upgraded shares to buy from neutral. CVS Health – Shares rose 2% after CNBC, citing people familiar with the matter, reported that CVS is working with advisors on a strategic review of its business. Clorox — Shares of the household supplies company rose more than 1.5% after an upgrade to buy from hold at Jefferies. Pinterest — Shares of the online platform added 3.3% after Goldman Sachs added Pinterest to its "Americas Conviction List." Datadog — The cloud analytics company rose 1.7%.
Persons: Goldman Sachs, Raymond James, Ric Prentiss, Clorox, Pinterest, Datadog, Davidson, Oppenheimer, — CNBC's Sean Conlon, Sarah Min, Samantha Subin, Pia Singh, Michelle Fox, Jesse Pound Organizations: Ford, Super, Disney —, CVS, CNBC, Reuters, Anheuser Busch InBev, Citi, Anheuser, Busch, Jefferies, Boeing, Bloomberg, Alcoa, Bank of America
A major Wall Street strategist is jumping aboard the story that materials stocks could be at the start of a big rally. That theory played out during last week's rally for Chinese stocks. The Materials Select Sector SPDR Fund (XLB) rose 3% last week, though it was down a bit on Monday and Tuesday. XLB 1M mountain This materials fund is up since the Chinese stock rally began. Bank of America isn't the only Wall Street shop that's bullish on materials given the change in China.
Persons: Savita Subramanian, Sherwin, Subramanian, Roth MKM's JC O'Hara Organizations: Bank of America, Linde Locations: China, Freeport, McMoRan
Walter "Walt" Bettinger, president and chief executive officer of Charles Schwab Corp., speaks during the 2015 Fortune Global Forum in San Francisco, California, U.S., on Tuesday, Nov. 3, 2015. Bettinger will be replaced on Jan. 1, 2025, by Charles Schwab President Rick Wurster. Charles Schwab CEO Walt Bettinger is retiring from his role at the end of December after 16 years leading the brokerage firm, the company announced Tuesday. In a statement, Bettinger cited his 65th birthday next year as a reason to step aside and praised the choice of Wurster. In an interview on CNBC's "Squawk Box," Wurster indicated that there would not be any immediate change in strategy with the CEO handoff.
Persons: Walter, Walt, Bettinger, Charles Schwab, Rick Wurster, Walt Bettinger, Schwab, we've, Wurster, Ameritrade, halve Organizations: Charles Schwab Corp, Global, Schwab Locations: San Francisco , California, U.S
CNN —While fall vibes and pumpkin spice lattes have already been upon us for a number of weeks, it’s now official: spooky season is finally here. Here’s your handy guide for all things spooky coming out this Shocktober, on screens and streams:“Hold Your Breath”Sarah Paulson in "Hold Your Breath." “‘Salem’s Lot” premieres on October 3 on Max, which like CNN is owned by Warner Bros. Brownie HarrisJudging from the trailer, this PG-13-rated caper still looks somewhat spooky, with a healthy helping of “Stranger Things”-style nostalgia thrown in. Will Stone/VerticalA bizarre but madcap-looking rom-com/horror hybrid, “Your Monster” follows a distraught woman (Melissa Barrera, fresh off her tenure of 2022’s “Scream” and “Scream VI”) who discovers a beastly but charming monster in her closet.
Persons: it’s, Agatha, Sarah Paulson, ” Ariana deBose, Balazs Glodi, Oscar, Ariana DeBose, Barbie Ferreira, Justin Lubin, Max Vampires, Stephen King, Rob Lowe –, , Mel Gibson, Mason, Brownie Harris, Vineyard, Patrick Renna, Dylan O'Brien, Max, Dylan O’Brien, Wolf, “ Teacup, Caleb Dolden, Yvonne Strahovski, Daniel McFadden, Peacock, Scott Speedman, David Howard Thornton, Jesse Korman, , Naomi Scott, Drew “, ” Barrymore, Lukas Gage, Julie Bowen, – Leigh Whannell, Cary Elwes, Tobin Bell, Leigh Whannell, Shawnee Smith, Kelsey Asbille, ” Kelsey Asbille, Michelle Pfeiffer, Costarring Finn Wittrock, Sam Raimi, Melissa Barrera, Tommy Dewey, Will Organizations: CNN, Disney, Hulu, , Warner Bros ., Paramount, Netflix Locations: Oklahoma, Maine, Shudder, Caddo, Georgia, cineplexes
WEST PALM BEACH, Fla. — The man accused of plotting to kill Donald Trump at the former president's Florida golf course eariler this month pleaded not guilty to all charges on Monday. Ryan Wesley Routh, 58, wore a beige inmate’s outfit with a dark brown undershirt during his brief appearance before U.S. Magistrate Judge Bruce E. Reinhart. Ryan Wesley Routh following his arrest in Martin County, Fla., on Sept. 15. A Secret Service agent spotted Routh with a gun outside of Trump International Golf Club in West Palm Beach and opened fire on him before Routh had Trump in his sights. Alexandra Bacallao and Jesse Kirsch reported from West Palm Beach, Florida, and David K. Li from New York City.
Persons: Donald Trump, Ryan Wesley Routh, Judge Bruce E, Reinhart, Routh, pantomiming, , Routh “, United States Donald J, Trump, Thomas Crooks, Alexandra Bacallao, Jesse Kirsch, David K, Li Organizations: AFP, Getty, , United, Trump International Golf Club, West Palm Beach Locations: BEACH, Fla, Florida, U.S, Martin County, United States, West Palm, West Palm Beach , Florida, New York City
California has become the first state in the nation to prohibit school cafeterias from serving foods that contain six artificial dyes tied to health and behavioral problems. Known as the California School Food Safety Act, it outlaws Red 40, Yellow 5, Yellow 6, Blue 1, Blue 2 and Green 3 from the meals, drinks and snacks served at public schools statewide. “We’re feeling really proud of the fact that we are changing the national conversation around food safety,” he said in a phone interview. The International Food Additives Council, a trade organization, said in a statement that state-specific legislation such as the California School Food Safety Act undermines the FDA. Gabriel said he hoped the new California law will prompt more change on the federal level.
Persons: Gavin Newsom, Bill, Jesse Gabriel, haven’t, ” Gabriel, , Newsom, , Gabriel, FDA hasn’t, ” Brian Ronholm, Gabriel . Organizations: Gov, California School Food Safety, Democratic, Food and Drug Administration, Environmental Health, European Union, Centers for Disease Control, FDA, Consumer, Food, California School Food, California Food Safety Locations: California, United Kingdom, United States
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