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☆ Jeep CEO enacts turnaround plan after significant sales declines
▼ + stars: | 2024-09-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

Nonetheless, Jeep CEO Antonio Filosa believes the brand's worst days are behind it and it's still possible to achieve the 1 million sales target. Jeep salesFilosa said Jeep, which reports sales quarterly, saw U.S. sales rise last month: They were up 28% from August 2023 and 55% from July. The New York Stock Exchange welcomes The Jeep Brand (NYSE: STLA) to the podium, on May 31, 2024. Ahead of such vehicles, Jeep has increased its media spending by 20% compared with the first half of the year, according to the automaker. 2024 Jeep Wagoneer S EV Jeep

Persons: Michael Wayland, Antonio Filosa, Filosa, Cox, Filosa's, Carlos Tavares, Stellantis, Jeep, Lynn Martin, Tavares, Bob Broderdorf, Nathan Laine Organizations: CNBC DETROIT, Jeep, Cherokee, Cox Automotive, CNBC, Council, New York Stock Exchange, Brand, NYSE Group, NYSE, Fiat Chrysler, France's PSA Groupe, Paris, Bloomberg, Getty, U.S, EV Locations: U.S, American

☆ Interest payments on the national debt top $1 trillion as deficit swells
▼ + stars: | 2024-09-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

The U.S. government for the first time has spent more than $1 trillion this year on interest payments for its $35.3 trillion national debt, the Treasury Department reported Thursday. Subtracting the interest the government earns on its investments, net interest payments have totaled $843 billion, higher than any other category except Social Security and Medicare. The jump in debt service costs came as the U.S. budget deficit surged in August, edging closer to $2 trillion for the full year. The Fed is widely expected to lower rates next week, but just by a quarter percentage point. The benchmark 10-year note last yielded about 3.7%, down more than three-quarters of a percentage point since early July.

Organizations: U.S . Treasury, Treasury Department, Federal Reserve, Social Security Locations: Washington , U.S, U.S

☆ Your old Facebook and Instagram posts were probably used to train Meta's AI. You can't opt-out as an American, but you can do this instead.
▼ + stars: | 2024-09-12 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

While users in the European Union can opt out of having their data used to train Meta's AI models, such an option doesn't exist in the US or Australia. The section on generative AI from Meta's privacy center says, "We use public posts and comments on Facebook and Instagram to train generative AI models for these features and for the open-source community. Meta says setting your audience to something besides "public" will keep your data from being used to train its AI models. Likewise, Meta says it may use your interactions with AI features, such as "messages to AI chats, questions you ask and images you ask Meta AI to imagine for you." AI competitors like Google and OpenAI have already made deals with many news publishers for training data.

Persons: —, It's, Melinda Claybaugh, Meta execs, Chris Cox, Instagram Organizations: Service, Meta, Facebook, Business, European Union, Bloomberg's Tech, Google Locations: Australia, European

☆ CNBC Daily Open: Looking past sticky core inflation
▼ + stars: | 2024-09-12 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Spencer Platt | Getty Images News | 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. The S&P 500 climbed 1.07%, the Dow Jones Industrial Average added 0.31% and the Nasdaq Composite shot up 2.17%. Core inflation, to which the Fed pays more attention because it more accurately reflects price movements, came in a bit higher than expected for the month. Core inflation was higher than the headline number because food and energy prices are stripped out from the former.

Persons: Spencer Platt, –, Jeff Cox, Pia Singh, Lisa Kailai Han Organizations: Getty, CNBC, Dow Jones, Nasdaq, Fed, of Labor Statistics, Nvidia, Reuters, U.S . House Locations: Brooklyn, New York City, U.S, Saudi Arabia

☆ Wholesale prices rose 0.2% in August, in line with expectations
▼ + stars: | 2024-09-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Wholesale prices rose in August about in line with expectations, the final inflation data point as the Federal Reserve gets set to lower interest rates. The core increase was the same when excluding trade services. On a 12-month basis, headline PPI rose 1.7%. On the PPI measure, services prices pushed much of the gain, with a 0.4% monthly increase driven by a rise in services less trade, transportation and warehousing. The release comes a day after the BLS reported that consumer prices rose 0.2% on the month in line with expectations.

Persons: Dow Jones Organizations: Federal Reserve, of Labor Statistics, PPI, Labor Department, BLS

☆ Fear and frustration in Ohio city as political debate seizes on growing Haitian population
▼ + stars: | 2024-09-12 | by ( Caitlin Stephen Hu | Omar Jimenez | ) edition.cnn.com time to read: +9 min

“I’m always working at the restaurant,” she told CNN. A: YES, Haitian immigrants are here legally, under the Immigration Parole Program. Later, taking stock of his new life and the politicization of Springfield’s Haitian community, Dorsainvil shrugged, seeing little choice in the matter. Several other people in Springfield told CNN they were dismayed by the rhetoric and racism that they felt had been stirred up in the city for political purposes. However, they are not allowed, nor have they ever been allowed, to mention Aiden Clark from Springfield, Ohio,” the father, Nathan Clark, said.

Persons: CNN — Rose, Rosena Jean Louis, “ I’m, “, ’ ”, Romane Pierre, Donald Trump, Sen, JD Vance, Mike DeWine, ” DeWine, Vance, Sherrod Brown of, Tim Scott of, Bryan Heck, she’s, Biden, Vilbrun, ”, Dorsainvil, Republicans don’t, Amy Cox, X, ” Clark’s, Aiden Clark, Nathan Clark, We’ve, Viles, ” “ Organizations: CNN, Local, Republican, Gov, CBS, “, of Homeland Security, TPS, Sens, Trump, Amazon, Republicans, ”, Haitian Locations: Springfield , Ohio, Springfield, Rue, Canton , Ohio, Springfield’s, Clark County, Haiti, Sherrod Brown of Ohio, Tim Scott of South Carolina, Caribbean, Dayton, Ohio . Ohio, Haitian

☆ Markets get nervous over high core inflation and see the Fed cutting slowly
▼ + stars: | 2024-09-11 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Stubbornly high core inflation virtually cemented the likelihood of a quarter percentage point cut from the Federal Reserve, which historically has avoided larger moves unless absolutely necessary. Shelter inflation is putting a floor under the CPI and likely keeping the Fed from reducing interest rates by more 25 basis points. "History back to 1990 supports the idea that an initial Fed rate cut of 50 basis points signals an imminent recession (2001 and 2007). "Their first cut will almost certainly be 25 basis points," Colas said. But the Fed, which targets inflation at 2%, prefers core readings as a better longer-term gauge for inflation.

Persons: Dow Jones, —, Nick Colas, Jerome Powell, Colas, That's Organizations: Federal Reserve, Labor Department, CPI, Fed, Traders, Open Market, PCE

☆ Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021
▼ + stars: | 2024-09-11 | by ( Jeff Cox | ) www.cnbc.com time to read: 1 min

Prices increased as expected in August while the annual inflation rate declined to its lowest level since February 2021, according to a Labor Department report Wednesday that sets the stage for an expected quarter percentage point rate cut from the Federal Reserve in a week. The consumer price index, a broad measure of goods and services costs across the U.S. economy, increased 0.2% for the month, in line with the Dow Jones consensus, the Bureau of Labor Statistics reported. That put the 12-month inflation rate at 2.5%, down 0.4 percentage point from the July level and compared to the estimate for 2.6%.

Persons: Dow Jones Organizations: Labor Department, Federal Reserve, of Labor Statistics Locations: U.S

☆ Two key inflation reports this week will help decide the size of the Fed's interest rate cut
▼ + stars: | 2024-09-10 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

The Federal Reserve gets its last look this week at inflation readings before it will determine the size of a widely expected interest rate cut soon. On Wednesday, the Labor Department's Bureau of Labor Statistics will release its consumer price index report for August. With the issue virtually settled over whether the Fed is going to cut rates when it wraps up the next policy meeting Sept. 18, the only question is by how much. "Inflation data has taken a backseat to labor market data in terms of influence on Fed policy," Citigroup economist Veronica Clark said in a note. "But with markets — and likely Fed officials themselves – split on the appropriate size of the first rate cut on September 18, August CPI data could remain an important factor in the upcoming decision."

Persons: Veronica Clark, Dow Organizations: Federal Reserve, Labor Department's Bureau of Labor Statistics, BLS, CPI, Citigroup, Fed, PPI

☆ Why playing it safe on immigration and crime could be a big risk for Harris
▼ + stars: | 2024-09-09 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +19 min

Since Harris replaced President Joe Biden as the Democratic nominee, Trump has constantly attempted to portray her as weak on immigration and crime. On Friday, Harris also chose not to mention mass deportation during a radio interview with Univision, when the host asked her to summarize her argument to undecided Hispanic voters. “There is a way in which those [crime and immigration] issues in particular are also about bigger things,” said Adrianne Shropshire, executive director of BlackPAC, a group working to mobilize Black voters for Harris and Democrats. And many of those voters might recoil from these Trump policies on crime and immigration if they heard more about them. “What he is hoping is that the Black voters who he is [courting] don’t see that stuff,” Shropshire said.

Persons: Kamala Harris, Donald Trump, Trump, Harris, Joe Biden, Gary Segura, UnidosUS, Segura, Ohio Sen, JD Vance, Stephen Miller, Miller, Michael Ettlinger, Goldman Sachs, Jeffrey Passel, Passel, Rudolph Giuliani, Michael Bloomberg, Black, Ed Chung, Vera Action, Tim Walz, Trump’s, she’s, surrogates, ”, Adrianne, “, ” Segura, ” Tom Wong, Wong, ” Wong, Daniela Gilbert, That’s, Biden, Gilbert, ” Gilbert, ” Anthony Baber, Baber, “ Trump, ” Baber, ” Harris, She’s, Chung, –, Dana Bash, , Daniel Cox, BlackPAC Organizations: CNN, Democratic, Unidos, ”, White, Trump, of Police, National Guard, University of New, Carsey, of Public, Boston Globe, Pew Research Center, New York Police Department, Minnesota Gov, Univision, Black, GOP, US Immigration, Center, University of California, America’s, Marquette Law School, Religion Research Institute, Detroit, Whites, Survey Center, American Enterprise Institute Locations: California, Wisconsin, Texas, New York City, Phoenix, Las Vegas, Philadelphia, Atlanta, Savannah, Adrianne Shropshire, San Diego, United States, CNN’s, Michigan, Pennsylvania, Shropshire, ” Shropshire

☆ RFK Jr. back on Michigan presidential ballot after state Supreme Court ruling
▼ + stars: | 2024-09-09 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +4 min

Independent presidential candidate Robert F. Kennedy Jr. makes an announcement on the future of his campaign in Phoenix, Arizona, U.S. August 23, 2024. The Supreme Court overturned the state's Court of Appeals ruling Friday that had removed Kennedy from the state's ballot against the wishes of Michigan Secretary of State Jocelyn Benson. "Thus, [Kennedy] has not shown an entitlement to this extraordinary relief," the court majority said in its ruling. The dissenters in their last words underscored how significant the majority ruling could be to the outcome of the presidential race. As in Michigan, Kennedy sued officials in those two other states seeking to drop his name from their ballots.

Persons: Robert F, Kennedy Jr, Kamala Harris, Donald Trump, Kennedy, Michigan, Jocelyn Benson, Harris, Trump, Benson, Brian Zahra, David Viviano, Paul Cox Organizations: Democratic, GOP, Trump, Electoral, —, U.S, Michigan, Natural Law Party, Michigan Supreme, State Locations: Phoenix , Arizona, U.S, Michigan, Pennsylvania, Wisconsin, North Carolina, Carolina, In Wisconsin, Arizona , Nevada, Georgia, Nevada

☆ The $100,000 electric truck market is here. A guide to pickups from Tesla, GM, Rivian and Ford
▼ + stars: | 2024-09-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +10 min

There are currently a handful of electric trucks for purchase in the U.S. market: the Tesla Cybertruck, Ford F-150 Lightning, Rivian R1T and General Motors' GMC Hummer EV, GMC Sierra Denali and Chevrolet Silverado. The GMC Hummer and Rivian also have SUV versions, which feature similar functions as their pickup counterparts but in different forms. The SUV version is smaller and more manageable to drive than the pickup truck version. When the F-150 Lightning hit the market, it was the first "mainstream" electric truck. An electric Ford F-150 next to a Tesla Cybertruck in front of Ford's world headquarters on Aug. 27, 2024 in Dearborn, Mich. Michael Wayland / CNBC

Persons: Michael Wayland, CNBC DETROIT – Tesla, Stephanie Brinley, it's, Stephanie Valdez Streaty, Tesla, Ford, Rivian R1T, Rivian, Kelley, Sierra EVs Organizations: GMC, Denali, Tesla, Ford, CNBC DETROIT, Motors, Rivian Automotive, P Global Mobility, Cox Automotive, General Motors, GMC Hummer EV, GMC Sierra Denali, Chevrolet Silverado, Motor Intelligence, Renaissance Center, CNBC, GM, U.S . Environmental Protection Agency, Cruise, Silverado, GMC Sierra GM's, DC, Chevrolet, Sierra Locations: U.S, Detroit, Dearborn, Mich

☆ Fed Governor Waller backs interest rate cut at September meeting, open to larger move
▼ + stars: | 2024-09-06 | 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

Federal Reserve Governor Christopher Waller on Friday backed an interest rate cut at the upcoming central bank policy meeting in less than two weeks, and indicated he’d be open to a substantial reduction if necessary. Other policymakers recently have advocated easing policy soon, but this is one of the clearest indications it will happen at the Sept. 17-18 Federal Open Market Committee meeting. “Determining the pace of rate cuts and ultimately the total reduction in the policy rate are decisions that lie in the future,” Waller added. With inflation and employment near our longer-run goals and the labor market moderating, it is likely that a series of reductions will be appropriate,” he said. Futures market pricing following the jobs report tilted toward a greater likelihood of a quarter percentage point rate reduction this month.

Persons: Christopher Waller, ” Waller, Waller, verbiage, Jerome Powell, —, nonfarm, Dow Jones, ” Organizations: Federal, Council, Foreign Relations, Labor Department, Dow Locations: New York

☆ August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%
▼ + stars: | 2024-09-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

At the same time, the unemployment rate ticked down to 4.2%, as expected. The labor force expanded by 120,000 for the month, helping push the jobless level down by 0.1 percentage point, though the labor force participation rate held at 62.7%. The household survey, which is used to calculate the unemployment rate and is often more volatile than the survey of establishments, showed employment growth of 168,000. Markets showed little initial reaction to the data, with stock futures holding negative and Treasury yields also lower. While the August numbers were close to expectations, the previous two months saw substantial downward revisions.

Persons: Nonfarm, Dow Jones, Dan North Organizations: Federal Reserve, Labor Department's Bureau of Labor Statistics, BLS, North America, Allianz Trade, Manufacturing Locations: U.S, Dow

☆ Friday's jobs report for August is going to be huge. Here's what to expect
▼ + stars: | 2024-09-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The Wall Street consensus is for nonfarm payrolls growth of 161,000 for August and a slight decline in the unemployment rate to 4.2%, according to Dow Jones. In turn, markets are certain the Fed will start lowering interest rates in a couple weeks, with the possibility of a jumbo cut depending on what Friday's report shows. "What the Fed is going to do in response, how are they going to adjust rates, that's why we are having this conversation." While job growth has been tailing off through much of 2024, the deceleration hit home for the market with a July report that showed payroll growth of just 114,000. The latest bad news came Thursday when payrolls processing firm ADP put August private job growth at just 99,000, the smallest gain since January 2021.

Persons: Dow Jones, Giacomo Santangelo Organizations: Labor Department, Federal Reserve, Fed

☆ August private payrolls rose by 99,000, smallest gain since 2021 and far below estimates, ADP says
▼ + stars: | 2024-09-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Private sector payrolls grew at the weakest pace in more than 3½ years in August, providing yet another sign of a deteriorating labor market, according to ADP. August was the weakest month for job growth since January 2021, according to data from the payrolls processing firm. Still, the ADP data showed that while hiring has slowed considerably, only a few sectors reported actual job losses. Annual pay increased 4.8% for those who stayed in their jobs, about the same level as July, according to ADP. The ADP count now tees up the more closely watched nonfarm payrolls report, which the Bureau of Labor Statistics will release Friday.

Persons: payrolls, Nela Richardson Organizations: ADP . Companies, Dow, Labor Department, ADP, of Labor Statistics, BLS, Federal

☆ Layoffs jump in August while hiring in 2024 is at a historic low, Challenger report shows
▼ + stars: | 2024-09-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Layoffs soared in August, hitting their highest total for the month in 15 years, while year-to-date hiring reached a historic low, outplacement firm Challenger, Gray & Christmas reported Thursday. Announced job cuts totaled 75,891 for the month, lurching 193% higher than July. "August's surge in job cuts reflects growing economic uncertainty and shifting market dynamics," said Andrew Challenger, the firm's senior vice president. To be sure, the Challenger layoffs data is somewhat out of sync with government reports, which show that initial claims for unemployment benefits have been slightly elevated in recent weeks but not reflective of a major escalation. Companies announcing job cuts most often cited cost-cutting and economic conditions as the reasons, though artificial intelligence also was listed for the first time since April.

Persons: Andrew Challenger Organizations: Challenger, Companies Locations: U.S

☆ Job openings fell more than expected in July in another sign of labor market softening
▼ + stars: | 2024-09-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Job openings slumped to their lowest level in 3½ years in July, the Labor Department reported Wednesday in another sign of slack in the labor market. "The labor market is no longer cooling down to its pre-pandemic temperature, it's dropped past it," said Nick Bunker, head of economic research at the Indeed Hiring Lab. "Nobody, and certainly not policymakers at the Federal Reserve, should want the labor market to get any cooler at this point." While the job openings level declined, layoffs increased to 1.76 million, up 202,000 from June. "The still low level of layoffs and tick up in hires suggests the labor market is not cracking.

Persons: Dow Jones, it's, Nick Bunker, Krishna Guha, nonfarm Organizations: Labor Department, Labor, Survey, Federal Reserve, Global Policy, Central Bank, Evercore ISI

☆ Bond market 'yield curve' returns to normal from inverted state that had raised recession fears
▼ + stars: | 2024-09-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

An inverted yield curve, in which the nearer-duration yield is higher, has signaled most recessions since World War II. However, a normalization of the curve does not necessary signal good times ahead. In fact, the curve usually does revert before a recession hits, meaning the U.S. could still be in for some rough economic waters ahead. Job openings had exceeded labor supply by more than 2 to 1 at one point, aggravating inflation that had been at its highest level in more than 40 years. That part of the curve is still steeply inverted, with the difference now at more than 1.3 percentage points.

Persons: Raphael Bostic, Quincy Krosby Organizations: CME Group, Atlanta Fed, LPL, Labor Department, Atlanta Federal Reserve Locations: Chicago, U.S

☆ Atlanta Fed President Bostic says officials can't wait for inflation to hit 2% before cutting
▼ + stars: | 2024-09-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Atlanta Federal Reserve President Raphael Bostic signaled Wednesday that he is ready to start lowering interest rates even though inflation is still running above the central bank's target. The Fed's preferred measure showed inflation running at a 2.5% rate in July, and just a slightly higher 2.6% core rate when excluding food and energy. His comments also come two days before what is expected to be a pivotal nonfarm payrolls report as most economists see the labor market losing momentum. However, the data and our grassroots feedback describe an economy and labor market losing momentum," he said. Indeed, he cited multiple factors indicating that inflation is progressing convincingly back to the Fed's target as the labor market moderates.

Persons: Raphael Bostic, Bostic Organizations: Atlanta Federal Reserve, Atlanta Fed's Locations: Atlanta

☆ Weak manufacturing measures raise specter of U.S. economic slowdown
▼ + stars: | 2024-09-03 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

U.S. factories remained in slowdown mode in August, fueling fears about where the economy is headed, according to separate manufacturing gauges. Demand continues to be weak, output declined, and inputs stayed accommodative," said Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee. While the index level suggests contraction in the manufacturing sector, Fiore pointed out that any reading above 42.5% generally points to expansion across the broader economy. Another weak economic reading raises the probability the Federal Reserve will be cutting interest rates by at least a quarter percentage point later this month. "A further downward lurch in the PMI points to the manufacturing sector acting as an increased drag on the economy midway through the third quarter.

Persons: Dow Jones, Timothy Fiore, Fiore, Stocks, Chris Williamson Organizations: Institute for Supply Management, Dow, ISM Manufacturing Business Survey, Dow Jones, Federal Reserve, PMI, P Global Market Intelligence Locations: U.S

☆ The Fed’s favorite inflation indicator increased 0.2% in July, as expected
▼ + stars: | 2024-08-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Excluding volatile food and energy prices, core PCE also increased 0.2% for the month but was up 2.6% from a year ago. Core prices less housing, another key metric for the Fed, increased just 0.1% on the month. Elsewhere in the report, the department's Bureau of Economic Analysis said personal income increased 0.3%, slightly higher than the 0.2% estimate, while consumer spending rose 0.5%, in line with the forecast. Markets reacted little to the news, with equity futures pointing to a slightly higher open on Wall Street and Treasury yields higher as well. In recent days, policymakers such as Chair Jerome Powell have expressed confidence that inflation is progressing back to the Fed's 2% goal.

Persons: Dow, Joseph Brusuelas, Jerome Powell Organizations: Federal Reserve, Commerce Department, Dow Jones, Fed, department's, BEA, Treasury, RSM

☆ The Fed's preferred inflation indicator is out Friday. Here's what to expect
▼ + stars: | 2024-08-29 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

While the Fed uses a whole dashboard of indicators to measure inflation, the PCE index is its go-to data point and its sole forecasting tool when members release their quarterly projections. Policymakers especially hone in on the core PCE measure, which excludes food and energy, when making interest rate decisions. "To me, it's going to be just one more piece of evidence to confirm that the Fed is seeing sustainable inflation readings at a sustainable pace," said Beth Ann Bovino, chief economist at U.S. Bank. Any slight upticks are "really just base-effect kinds of things that aren't going to change the Fed's view." Fed officials aren't declaring victory over inflation yet, though recent statements indicate a more positive outlook.

Persons: Dow Jones, Beth Ann Bovino, aren't Organizations: Federal, Commerce Department, Fed, Labor, Dow, U.S . Bank

☆ The Fed now will focus on the employment part of its mission — and for good reason
▼ + stars: | 2024-08-28 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

Various indicators are pointing to a labor market that, if not in outright deterioration, is at least slowing. "Declines of this magnitude tend to occur when the economy is heading into recession and when the unemployment rate is on the ascent," he said. The unemployment rate almost always either heads up or down, with little evidence of extended plateaus. The current momentum is up, though the consensus estimate for August is that the unemployment rate will tick down to 4.2%, according to FactSet. "When you talk to firms ... it doesn't look like the labor market is not healthy," former Cleveland Fed President Loretta Mester said Tuesday on CNBC.

Persons: Troy Ludtka, Jerome Powell, Beth Ann Bovino, Mary Daly, Nonfarm, Nikko, Loretta Mester, hasn't Organizations: Federal, Nikko Securities, Conference Board, Board, Labor Department, San Francisco Fed, Bloomberg News, Cleveland Fed, CNBC Locations: U.S

☆ Gen Z Loves Kamala More Than Biden. but It's Not an Obama 2008 Repeat.
▼ + stars: | 2024-08-27 | by ( Daniel Cox | ) www.businessinsider.com time to read: +13 min

Back in 2008, the Obama campaign made an unprecedented effort to target young voters. In critical swing states like Pennsylvania and Nevada, young voters were more likely to report being contacted by the Obama campaign than older voters were. The issues that fire up young voters are increasingly out of step with the interests of an older, more moderate electorate. Young women have grown more liberal, and young men have become noticeably more sympathetic to the GOP. Related storiesSo to court America's young voters, Harris needs to appeal to their desire for something new.

Persons: Kamala Harris, Tamara Keith, Harris, Obama, Joe Biden, Gen, They're, Zers, Gen Z, Hunter, Trump, David Shor, Young, Biden, she's, Hillary Clinton's, —, Hillary Clinton, Joe Biden's, Harris doesn't, Tim Walz, Melanie, Camilla Harrison, hadn't Organizations: NPR, Obama, Democratic, Democrats, Pew Research Center, Trump, Gallup —, Pew, Democratic Party, Politico, Younger Democrats, GOP, Wall Street, New York Times, Monmouth University, Democratic National Convention, The New York Times, Biden Locations: Iowa, Pennsylvania, Nevada, American, Michigan, Siena, Florida

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