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☆ European Central Bank set for third interest rate cut of the year in meeting this week
▼ + stars: | 2024-10-14 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

European flags flutter in front of the European Central Bank (ECB) building prior to a news conference following the meeting of the governing council of the ECB in Frankfurt/Main, Germany, on September 12, 2024. Daniel Roland | Afp | Getty ImagesThe European Central Bank is on course to deliver its third interest rate cut of the year at its meeting this Thursday, as policymakers say inflation risks are easing faster than previously expected. Headline price rises in the euro area cooled to 1.8% in September, below the central bank's 2% target. Bank of France Governor Francois Villeroy de Galhau last week described an October rate cut as "very likely" and said such a step "won't be the last." This led him to forecast ECB rate cuts will take place both this week and at each of the central bank's forthcoming meetings, until the deposit rate hits 2.5%.

Persons: Daniel Roland, Francois Villeroy de Galhau, Villeroy, Christine Lagarde, Joachim Nagel, Germany's Bundesbank, Jack Allen Organizations: European Central Bank, ECB, Afp, Getty, Bank of France, France, European Union, Citi, Media, U.S, U.S . Federal, Barclays, Capital Economics, Reynolds, Bank of America Global Research Locations: Frankfurt, Main, Germany, U.S .

☆ Biden to announce more than $600 million for electric grid resilience during visit to survey Hurricane Milton damage
▼ + stars: | 2024-10-13 | by ( Michael Williams | Nikki | ) edition.cnn.com time to read: +4 min

The funds will be disbursed through the Department of Energy’s Grid Resilience and Innovation Partnerships Program. Ron DeSantis and Harris both accused each other of playing politics after reports that DeSantis ignored calls from Harris, the Democratic presidential nominee. In response, DeSantis pointed out that he’s been in touch with Biden and that Harris as vice president has no role in the federal government’s response. Biden did not meet with DeSantis during his trip to Florida, with the governor instead holding a news conference four hours south of where the president toured. Asked on Friday whether he planned to visit DeSantis during his latest trip, Biden replied: “If he’s available,” while calling the governor “very cooperative.”“We got on very, very well,” Biden said.

Persons: Joe Biden, Hurricane Milton, Hurricane Helene, Biden, “, ‘ It’s, Kamala Harris, Ron DeSantis, Harris, DeSantis, he’s, Sen, Rick Scott, Donald Trump, Keaton Beach, ” Biden Organizations: CNN, White, Gainesville Regional Utilities, Florida Power, Department of, Republican, Conservative, Republicans, Florida Gov, Democratic Locations: Florida, St, Petersburg, Hurricane, Georgia , South Carolina, North Carolina, Gainesville, Georgia, Keaton

☆ Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more
▼ + stars: | 2024-10-13 | by ( Hugh Son | ) www.cnbc.com time to read: +18 min

Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. The previous Trump administration didn't pursue those types of consumer protections. In contrast, Democrats, including Harris, have historically supported EVs and incentives such as those under the Biden administration's signature Inflation Reduction Act. Meanwhile, Harris, if elected, can build on existing efforts of the Biden administration to deliver savings to more patients, they said. Trump also led multiple efforts to repeal the Affordable Care Act, including its expansion of Medicaid to low-income adults.

Persons: Donald Trump, Kamala Harris, he's, Harris, Joe Biden's, Trump, Pete Buttigieg, Jonathan Kletzel, didn't, — Leslie Josephs Banks Big, JPMorgan Chase, Biden, Tobin Marcus, it's, Sen, JD Vance, they're, Lindsey Johnson, Hugh Son, Pablo Di Si, EVs, Joseph Spak, Harris hasn't, Mike Wayland, Drugmakers, Trump hasn't, Mariana Socal, Annika Kim Constantino, David Zaslav, John Malone, Time Warner, Simon, Simon & Schuster, Marc DeBevoise, Jonathan Miller, Elon Musk's, Musk, I'm, MAGA, I'm Dark MAGA, —, TikTok, — Lillian Rizzo, Alex Sherman, Michael Lynn, — Amelia Lucas Organizations: ABC, Getty, U.S, Trump, Treasury, Justice Department, Federal Trade Commission, Consumer Financial, Bureau, CNBC, The Biden Department of Transportation, Democratic, American Airlines, JetBlue Airways, Spirit Airlines, Industry, Boeing, JPMorgan, Securities and Exchange Commission, Currency, Federal Deposit Insurance Corporation, Biden, Wolfe Research, Bank, Republican, Bankers, Democratic Party, Consumer Bankers Association, Republicans, Volkswagen Group of America, Automotive News, Environmental Protection Agency, UBS, Mike Wayland Health, Commonwealth Fund, Medicare, Johns Hopkins Bloomberg School of Public Health, Annika Kim Constantino Media, Paramount Global, Skydance, Warner Bros, Discovery, Allen & Co, Sun, Media, Disney, Fox Corp, Time, Simon &, Random, MGM, FCC, Integrated Media, Twitter, Capitol, White, Lawmakers, Meta's Facebook, Alex Sherman Restaurants, National Restaurant Association, National Labor Relations Board, Social Security, Washington Post, Cornell University Locations: United States, PwC, JetBlue's, U.S, China, Ohio, Michigan, California

The inmate’s attorneys call that a misdiagnosis – and also discredit shaken baby syndrome on its face, despite broad consensus among pediatricians it is legitimate. The shaken baby syndrome diagnosis from doctors and nurses, their emotional response to Nikki’s condition and Roberson’s odd reaction all stacked against the then-suspect, said Wharton. “There really is not a controversy in medicine about the existence of abusive head trauma. Just this month, the Texas Court of Criminal Appeals ordered a new trial for a man sentenced to 35 years in prison after being convicted of injury to a child in a case that also relied on a shaken baby syndrome argument. Without shaken baby syndrome, he said, “there’s nothing that’s chargeable here.

Persons: West, Robert Roberson, Nikki Curtis, Roberson, Nikki, ” Roberson, John Grisham, Brian Wharton, Wharton, ”, “, Robert, pediatricians, Dr, Lee Savio Beers, Sandeep Narang, ” Narang, They’ve, Greg Abbott, Nikki Curtis Roberson, ’, Nikki’s, Janet Squires, Squires, ” Squires, Narang, Roberson’s, –, Larry Bowman, Nikki –, ‘, Sciences –, Kate Judson, it’s, ” Dr, Antoinette Laskey, Laskey, he’ll, he’s, I’ll, “ Unforgiveness, he's, Ashley Killough, CNN Wharton, Gretchen Sween, ” Wharton, We’re, LaMotte, Stephanie Becker Organizations: West Livingston CNN, CNN, American Academy of Pediatrics, US Centers for Disease Control, CDC, American Association of Pediatrics, AP, US Army, National Registry, Appeals, SBS, Board, Republican Gov, Integrity, Sciences, American Academy of Pediatrics ’, Child, Texas Department, Criminal, New York Times Locations: West Livingston CNN — Texas, Texas, United States, Roberson’s, Palestine , Texas, ”, Livingston , Texas, Anderson County, Dallas

And they are long-shot races, especially during a presidential election, when ticket-splitting isn’t as common as it used to be. In Florida and Texas, Democrats are focusing on state abortion bans to try to push beyond their recent losses in those states. Cruz’s campaign spent almost $5 million on ads in September and $4 million in the first 10 days of October. The spending disparity is less stark in Florida, where in September Mucarsel-Powell’s campaign spent $8.6 million and Scott’s campaign spent $2.1 million. In Maryland, the Senate race features a similar dynamic, with the race rated by Cook as “Likely Democrat,” even though Harris is expected to win there easily.

Persons: Donald Trump, Kamala Harris, Larry Hogan, Colin Allred, GOP Sen, Ted Cruz, Debbie Mucarsel, Powell, Rick Scott, Sen, Andrew Harnik, Allred, Cruz, Scott, “ There’s, they’ve, Scott “, “, ”, ” Cruz, Angela Alsobrooks, Michael Ciesielski, haven’t, Amy Walter, Dan Osborn, Deb Fischer, Cook, Harris, Hogan, Alsobrooks, ” Alsobrooks, ” Sen, Anna Rose Layden, Osborn, ” Osborn, Bernie Sanders ’, Pete Ricketts, Fischer, Derek Oden, Dan Osborn isn’t, Oden Organizations: Senate, Republicans, Gov, Democratic Senatorial, Democratic, GOP, Lone Star State, Sunshine State, Capitol, PAC, state’s Republican Party, Republican, NBC News, Democrats, Texans, Democrat, Maryland Public Television, AP, “, “ Lean Republican, Prince George’s, National Republican, Committee Locations: Florida , Texas , Nebraska, Maryland, Florida, Texas, Nebraska, ” In Texas, Cruz, Cancun, Harris County, America, Owings Mills, Md, Montana and Ohio, Michigan, Arizona, Pennsylvania

But the measures that Beijing’s economic planning agency announced this week proved to be an anticlimax — the trillions of yuan that observers were hoping would be revealed never materialized. Beijing might even miss its annual growth target of 5% — a figure it often surpassed prior to the pandemic. But while Chinese officials project confidence, the markets and the country’s public seem less convinced. Its broader financial lethargy and this week’s market turmoil will hardly be welcomed by Beijing. Costphoto / NurPhoto via Getty ImagesDomestic stimulus aside, there have been outward signs that China’s economy is in trouble.

Persons: Xi Jinping, Long Wei, ”, Keyu Jin, Trump, Joe Biden, isn’t, Fu, Miao Yuqing, Miao, Alicia Garcia, Herrero, what’s, Zheng Shanjie, Yue Su, ” Su Organizations: Beijing, Traders, Investors, CSI, Getty Images, London School of Economics, The, Communist Party, U.S, AFP, Getty, “, Asia Pacific, ”, National, Reform, Economist Intelligence Unit Locations: BEIJING, Shanghai, Hong Kong, China, Beijing, Hangzhou, Long, Lianyungang, Natixis, Guizhou province, Washington

The man who died in a Colorado mine elevator accident was a 46-year-old father and tour guide there, officials said Friday as investigators try to understand what exactly occurred. The man killed was identified as Patrick Weier, who worked as a tour guide at the mine. Weier had a 7-year-old son and lived in Victor, a community of less than 400 in the area, officials said. Mikesell said the state does safety inspections and an official from that agency was on scene after the accident Thursday. “I know it has passed its safety inspections,” Mikesell said, but he did not have the dates during Friday’s news conference.

Persons: Jason Mikesell, Kathleen Gold, Patrick Weier, Weier, “, ” Mikesell, ” Patrick Weier, Mollie Kathleen Gold, Jennifer Nolan, Mikesell, Jared Polis, Teller, Dan Williams, Williams, I’m, you’ve Organizations: federal, Safety, Health Administration Locations: Colorado, Teller, Cripple, Victor, Cripple Creek, Colo

☆ 1 killed, 9 others injured in shooting near Tennessee State University after homecoming parade, officials say
▼ + stars: | 2024-10-12 | by ( Emma Tucker | ) edition.cnn.com time to read: +3 min

CNN —A man was killed and nine other people were injured in a shooting Saturday near Tennessee State University as the Nashville school celebrated homecoming – and investigators believe at least one of the injured participated in the gunfire, officials said. The shooting happened around 5 p.m. along a street where TSU’s homecoming parade had taken place that morning, Nashville police and fire officials said at a news conference Saturday evening. At least three of the injured were children who had non-critical injuries, Nashville police said on X. At least one of the injured people “is suspected to have been involved in the gunfire,” Nashville police said on X. The school’s football team played its homecoming game Saturday evening at Nashville’s Nissan Stadium, roughly 3 miles east of where the shooting happened.

Persons: Don Aaron, Aaron, ” Aaron, “, Police didn’t, didn’t, Anthony McClain, ” McClain, Kendra Loney, ” Loney, Brooke Reese Organizations: CNN, Tennessee State University, Nashville, Nashville police, Metropolitan Nashville Police Department, X, Police, Firefighters, Authorities, Nissan Locations: Nashville

☆ Toronto police open hate crime investigation after Jewish girls’ school hit with gunfire
▼ + stars: | 2024-10-12 | by ( Emma Tucker | ) edition.cnn.com time to read: +2 min

CNN —Police in Toronto, Canada, are opening a hate crime investigation after shots were fired overnight into the window of a Jewish girls’ elementary school – the second time this year the school was targeted by gunfire, officials said. The investigation into the incident will be led by the agency’s Gun and Gang Task Force with assistance from its hate crime unit, he added. There were no injuries or reports of gunshots heard, and the building was empty because the school is currently closed for the Jewish High Holidays, Krawczyk said. The same school was also hit with gunfire in a similar incident in May, Krawczyk said. The agency has increased police presence in Jewish neighborhoods in recent weeks and will also do so at the school as the investigation unfolds, Krawczyk said.

Persons: Paul Krawczyk, Krawczyk, “, ”, it’s, ” Krawczyk, Justin Trudeau, ” Trudeau Organizations: CNN — Police, Bais, Elementary, Toronto Police, Gang, Force, Canadian Locations: Toronto, Canada, Yom Kippur, Yom

☆ Chinese finance minister hints at increasing the deficit at highly anticipated briefing
▼ + stars: | 2024-10-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — China's Minister of Finance Lan Fo'an told reporters Saturday during a press briefing that the central government has room to increase debt and the deficit. Economists have said China needs additional fiscal support, but Beijing has yet to announce any. He did not name specific figures and noted supporting real estate required multiple policies. In a meeting in late September, led by Chinese President Xi Jinping, authorities had called for strengthening monetary and fiscal policy support. China's retail sales grew only modestly over the last few months, and the country's real estate slump has shown few signs of turning around.

Persons: Lan Fo'an, Zheng Shanjie, Pan Gongsheng, Finance Lan Fo'an, Lan, Finance Liao Min, Xi Jinping, Ting Lu Organizations: National Development, Reform Commission, People's Bank of China, National People's Congress, BEIJING —, Finance, Nomura, National Bureau, Statistics Locations: Beijing, China, BEIJING

☆ New York man fatally attacked by group of dogs in a backyard
▼ + stars: | 2024-10-11 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

A man was attacked and killed by several pit bull mixed dogs in a backyard this week in Albany, New York, and police are investigating whether charges are warranted. About 6 p.m. Wednesday, up to nine mixed-breed pit bulls “brutally and viciously” attacked a man in a backyard, Albany Police Chief Eric Hawkins said Thursday during a news conference. It was not known why he was in the yard, which was next door to the residence where the dogs lived, Hawkins said. The homeowner, who is a different person than the caretaker, does not live at the residence, Hawkins said. He said it was not clear why there were so many dogs at the residence or how the dogs got into a neighboring yard.

Persons: “, ”, Eric Hawkins, James Provost, Hawkins, ” Hawkins Organizations: Albany Police Locations: Albany , New York, Schenectady , New York

☆ Natalie Nakase becomes WNBA's first Asian American head coach
▼ + stars: | 2024-10-11 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +2 min

Nakase, assistant coach of the Las Vegas Aces, was announced Thursday as the head coach of the expansion Golden State Valkyries, who are based in San Francisco and will begin play in 2025. It makes her the first Asian American head coach in the league. Fast forward nine years later, I’m sitting here, in Golden State,” Nakase said at a news conference. But she’s going to be a great head coach because of the care factor, her perfectionism and laugh,” Hammon said. She’s going to work hard, and she’s a true grinder."

Persons: Natalie Nakase, “, I’m, ” Nakase, Nakase, Becky Hammon, Hammon, ” Hammon, “ She’ll, ”, Tyler Marsh, you’re, Syd Colson, She’s, Ty Lue, ” Lue Organizations: Las Vegas Aces, State, Golden State, Aces, Twitter, opp, UCLA, National Women’s Basketball League, Los Angeles Clippers, NBA, Clippers Locations: San Francisco, American, Golden State

☆ China economy: Beijing will ‘significantly’ increase spending
▼ + stars: | 2024-10-11 | by ( ) edition.cnn.com time to read: +4 min

Beijing Reuters —China will “significantly increase” government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks’ capital as it pushes to revive sputtering economic growth. “There is still relatively big room for China to issue debt,” he said. Reuters reported last month that China plans to issue special sovereign bonds worth about 2 trillion yuan ($284.43 billion) this year as part of fresh fiscal stimulus. Separately, Bloomberg News reported that China is also considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state banks to increase their capacity to support the economy, primarily by issuing new sovereign bonds. Swedish furniture retailer Ikea, whose 39 stores in China have felt the spillovers from the property crisis, urged Beijing on Thursday to deploy further stimulus.

Persons: Lan Foan, ”, Zheng Shanjie, “, Lan Organizations: Beijing Reuters, Finance, National Development, Reform Commission, Communist Party’s, Reuters, Bloomberg News, Local, Investment, Ikea Locations: Beijing, China, China’s, Swedish

☆ Dollar bulls suffer setback as traders add to Fed cut bets
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar fell from two-month highs hit overnight versus its major peers after signs of weakness in the labor market boosted the case for quicker Federal Reserve rate cuts. Bets for a quarter-point Fed rate cut on Nov. 7 increased to 83.3% from 80.3% a day earlier, with the remaining odds for policy to stay steady, according to the CME Group's FedWatch Tool. A week earlier, there was a 32.1% chance of a half-point reduction and 67.9% probability of a quarter-point cut. The dollar added 0.06% to 148.68 yen , inching back towards Thursday's high of 149.58 yen, a level previously not seen since Aug. 2. The Australian dollar held firm at $0.67395 after rebounding from its lowest since Sept. 16 at $0.6702 on Thursday.

Persons: Tapas Strickland, Austan Goolsbee, Raphael Bostic Organizations: U.S, Treasury, National Australia Bank, Fed, Chicago Fed, Atlanta Fed Locations: China

☆ How a Fox News host’s misleading question about migrant children morphed into a Trump talking point
▼ + stars: | 2024-10-11 | by ( Linda Qiu | ) www.nytimes.com time to read: +7 min

Anatomy of a Distortion How a Fox News host’s misleading question about migrant children morphed into a Trump talking pointFormer President Donald J. Trump and his surrogates have repeatedly accused the Biden administration of losing tens of thousands of migrant children, distorting, conflating and inflating government statistics. June 2, 2024 Mr. Trump is interviewed on Fox News. Fox News When the Fox News host Rachel Campos-Duffy told Mr. Trump that the Biden administration had “lost” 80,000 children, Mr. Trump expressed surprise at her ensuing question. She allowed them to be trafficked into our country.”Aug. 30, 2024 Mr. Trump speaks inJohnstown, Pa. Donald J. Trump via YouTube By now, the claim, updated with the inflated figure, has become a common refrain for Mr. Trump. Those are all missing children.”Sept. 29, 2024 Mr. Trump appears ata rally in Erie, Pa. “This is not even possible to believe.

Persons: Donald J, Trump, Biden, Rachel Campos, Duffy, Mr, “, Will, ”, haven’t, ” Ms, Campos, Biden’s, Phil, The, Harris, —, Kamala Harris, JD Vance, Vance, Trump’s Organizations: Fox, Trump, Fox News, Health, Human Services, New York Times, Times, Human Services Department, Biden, The Biden, YouTube, Department of Homeland, CBS Locations: Phoenix, —, That’s, Doral, Fla, Glendale, Ariz, Johnstown, Pa, Palos Verdes, Calif, “, California, Erie

☆ The Federal Reserve may have pretty much just hit its 2% inflation target
▼ + stars: | 2024-10-11 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Federal Reserve Chairman Jerome Powell arrives to a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. This week's inflation data provided more evidence that the Federal Reserve is nearing its objective, fresh on the heels of the central bank's dramatic interest rate cut just a few weeks ago. Consumer and producer price indexes for September both came in around expectations, showing that inflation is drifting down to the central bank's 2% target. The Wall Street investment bank on Friday projected that the Commerce Department's personal consumption expenditures price index for September will show a 12-month inflation rate of 2.04% when it is released later this month. The Fed prefers the PCE as its inflation gauge though it uses a variety of inputs to make decisions.

Persons: Jerome Powell, William McChesney Martin Jr, Goldman Sachs, Goldman, Austan Goolsbee Organizations: Federal, Federal Reserve, Washington , DC, Commerce, Fed, PCE, Chicago Fed, CNBC Locations: Washington ,

Sean Rayford/Getty Images Cars move slowly through Matlacha, Florida, on Thursday after Hurricane Milton damaged power lines. Chris Urso/Tampa Bay Times/AP A satellite image captures Hurricane Milton reaching the coast of Florida on Wednesday, October 9. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday. “Many areas in the county have incurred severe property damage because of back-to-back impacts from Hurricane Helene and Hurricane Milton,” Pinellas County Consumer Protection said in a public advisory Thursday.

Persons: Milton, Floridians, ”, Ron DeSantis, Walt, Aquatica, Connie Gore, Cecelia Smith, Hurricane Milton, Crystal Vander, Miguel J, Rodriguez Carrillo, Robert Turick, Turick, Helene, Rebecca Blackwell, Cristobal Herrera, Julio Cortez, Giorgio Viera, Ricardo Arduengo, Liz Kelly, Matt, Andrew West, Chandan Khanna, Nadia Zomorodian, Austin, Joe Raedle, Sean Rayford, Marta Lavandier, Jefferee Woo, Bryan R, Smith, Chris Urso, Marco Bello, Brandon Marlow, Marie Cook, Bill Ingram, Reuters Stephen Lundgren, Doug Engle, Ron Rook, Paul Hennessy, Saul Martinez, Payton Wyse, Andrew Goncharsky, Christian Burke, Lee, Connor Ferran, Fort Myers, Nicolette Mariano, Kaila Jones, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Hurricane Helene, Yamil Lage, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, ” DeSantis, “, ” Crews, Melissa Seixas, CNN’s Kate Bolduan, Joe Biden, Deanne Criswell, ” Criswell, Hurricane, it’s, CNN’s Andy Rose Organizations: CNN, St, Daytona, Tampa International, Sarasota Bradenton International, Coast Guard, Walt Disney, SeaWorld, USA, AFP, Getty, AP, Hurricane, Network, Reuters, Bradenton, Tropicana, Major League, Tampa Bay Rays, Celtic Ray Public, Tampa Bay Times, NOAA, Vanguard, School, Ocala, Orlando International Airport, Anadolu, Disney, Fort, Palm Beach Daily, Florida Army National Guard, Tampa General Hospital, NASA, International, Milton, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Duke Energy, Pinellas County Consumer Protection, “, Government, FEMA, Cross Locations: Florida, Tampa, Hillsborough, Lithia, Clearwater, Johns, Orlando, Sanibel , Florida, St, Petersburg, Georgia, South Carolina, Aquatica Orlando, Discovery Cove, SeaWorld Orlando, Martin County , Florida, Port St Lucie , Florida, Hurricane, Englewood , Florida, Manasota Key, Hurricane Milton, Venice , Florida, Riverview , Florida, Lakewood Park , Florida, Siesta Key, Punta Gorda , Florida, North Fort Myers , Florida, Siesta, Volusia, South Daytona , Florida, Bradenton Beach, Milton, St . Petersburg, Punta Gorda, Odessa , Florida, Venice, Matlacha , Florida, Palmetto Beach, Bradenton , Florida, St . Petersburg , Florida, AFP, Sarasota , Florida, Segundo, Davis, Fort Myers , Florida, Wellington , Florida, Palm, Ocala , Florida, County, Wellington, Gulfport , Florida, Lee County, Fort Myers, Sebastian , Florida, Palm Beach , Florida, Palm Beach, Havana, Cuba, Celestún, Mexico, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, Pete Beach , Florida, Treasure, Fort Myers Beach, Progreso, New Port, Kissimmee , Florida, Melissa Seixas , Florida, Pinellas County, Georgia , Tennessee, Carolinas

“We’re going to be going to the Congress. Going to need a lot more money as we identify specifically how much is needed. But discussions surrounding FEMA and disaster-relief funding have taken a sharply political bent in recent weeks, a development that may complicate discussions in Congress. “Conservative, hardcore” Republicans, Biden said “are standing up and saying, ‘It’s got to stop.’” He later called Florida Gov. In more productive conversations, Biden spoke by phone with Scott, who told CNN they discussed ways Congress could re-up funding for FEMA and SBA when the time is right.

Persons: Joe Biden, Helene, Biden, hasn’t, Mike Johnson, “ We’re, We’re, I’m, ” Biden, Isabel Casillas Guzman, ”, Johnson, Chuck Schumer, Deanne Criswell, Milton, ” Criswell, Criswell, Donald Trump, “, ‘ It’s, Ron DeSantis, Florida Sen, Rick Scott, ” Scott, Harris, Alejandro Mayorkas, –, ” Mayorkas, Trump, DeSantis, Hurricane Helene, ” DeSantis, I’ve, ” Harris, Scott, CNN’s Isabel Rosales, Brian Kemp, Kemp, …, CNN’s Ella Nilsen Organizations: Washington CNN, Milton, Federal Emergency Management, Republican, Small Business Administration, SBA, CNN, FEMA, Disaster Relief, Congress, Trump, Conservative, Republicans, Florida Gov, Homeland, Pentagon, DC, of Housing, Urban, Department of Agriculture, Lawmakers, Democrats –, CNBC, Democrat, Republican Gov Locations: Florida, Milton, Hurricane Milton, Punta Gorda, North Carolina, Washington, Hurricane, DeSantis, In Georgia

☆ Hurricane Milton might cost insurers up to $50 billion — but it could have been much worse, analysts said
▼ + stars: | 2024-10-11 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +4 min

Hurricane Milton's insured losses could cost between $30 billion and $50 billion, said analysts. AdvertisementHurricane Milton stormed Florida on Wednesday, leaving an estimated $30 billion to $50 billion of insured losses, according to analysts from Fitch Ratings in a Thursday note. Milton's insured losses could range from $30 billion to $50 billion, according to Fitch, making it the largest since Hurricane Ian in 2022, which caused $60 billion in damages. According to a September report by Moody's Analytics, Hurricane Helene's insured losses were between $20 billion and $34 billion. Fitch analysts said local insurers might face insufficient reinsurance coverage to handle the losses and drive up premium rates.

Persons: —, Hurricane Milton, Milton, Alejandro Mayorkas, Fitch, Ian, Morningstar DBRS, Jefferies, Ron DeSantis, Helene Organizations: Service, Hurricane, Fitch, US Homeland, White, Morningstar, Reuters, Analytics, National Hurricane Center, Gov, Moody's Analytics, P, Global, Swiss RE Locations: Florida, Tampa, Swiss, Fitch

☆ One year later, California’s system to find missing Black people is working through its challenges
▼ + stars: | 2024-10-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Marquisef_Headshot.Jpg | Marquise Francis | ) www.nbcnews.com time to read: +8 min

But, Banks said, “I just kept putting pressure on them.” With the help of an advocate, Banks asked authorities to issue an Ebony Alert, California’s new notification system to inform the public about missing Black youths. Two hours after issuing the Ebony Alert, officers pinged the teen’s phone, allowing them to geolocate the device. She said she has helped a dozen families, including Banks’, demand an Ebony Alert for their missing children. Similar to an Amber Alert, Ebony Alerts are permitted to be displayed on highway signs and billboards. Because officers determine whether to issue the alert, Lee said the cases of missing Black youth are often not met with the same level of urgency.

Persons: Banks, “, Lelah, ” Banks, La'Tannya Banks, Jasmine Lee, it’s, ” Lee, Ebony, Gavin Newsom, Amber, Sen, Steven Bradford, State Sen, ”, Lee, Jasmine Ellis, Adrienne Hutchinson, Sanai Singh, Hutchinson, Dock Ellis, ” Hutchinson, Singh, —, Jaime Coffee Organizations: NBC, California, Patrol, Dock Ellis Foundation, LAPD, NBC News, California Gov, Democrat, State, Alert, CHP, Ebony Locations: California, Los Angeles, United States, U.S, Massachusetts

Ron DeSantis and Vice President Kamala Harris over hurricane recovery before he praised him as “gracious” in a news conference Wednesday, a source familiar with the situation said. NBC News first reported Monday that DeSantis refused to take Harris’ call when she reached out about Hurricane Helene’s impact on Florida. A reporter then asked Biden whether DeSantis should be taking Harris’ phone calls. Biden hadn’t been briefed about the dynamic involving Harris and DeSantis, the person familiar with the situation said. “I’ve had storms under both President Trump and President Biden, and I’ve worked well with both of them,” he said.

Persons: Joe Biden hadn’t, Ron DeSantis, Kamala Harris, DeSantis, Harris, Biden, Hurricane Milton, Harris ’, He’s, ” Biden, “ He’s, Milton, “ Milton, ”, It’s, Helene —, Donald Trump, they’re, ” Harris, Biden hadn’t, “, “ I’ve, Trump, I’ve Organizations: Florida Gov, NBC News, Wednesday, “, Democratic, Fox News Locations: Florida, Hurricane, Florida’s

☆ Dollar hovers near two-month peak as Fed easing bets ebb before inflation data
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar traded near a two-month peak against major peers on Thursday as markets grew more confident about a patient approach from the Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day. The U.S. dollar traded near a two-month peak against major peers on Thursday as markets grew more confident about a patient approach from the Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day. The euro languished near its lowest since Aug. 13, while against the yen, the dollar hovered close to its strongest level since Aug. 15. The dollar index was little changed at 102.86 as of 0024 GMT, sticking close to Wednesday's high of 102.93. The greenback eased 0.18% to 149.035 yen , but was not far from the overnight peak of 146.365.

Persons: Kyle Rodda, —, Rodda, Mary Daly Organizations: U.S ., Federal Reserve, Reuters, U.S, CPI, Francisco Fed, Traders, New Locations: U.S

☆ Hurricane Helene cleanup crews are scrambling in Florida — but time is running out. That makes Milton more dangerous.
▼ + stars: | 2024-10-09 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

Leftover debris from Hurricane Helene could make incoming Hurricane Milton even more dangerous. Milton is expected to make landfall in Florida on Wednesday, the second major storm in two weeks. The region has been scrambling to pick up as much debris as possible before it's too late. AdvertisementLess than two weeks after Hurricane Helene devastated parts of Florida, another major storm is bearing down on the region — and there's a scramble to clean up before it gets there. That creates a compounding effect that makes everything more expensive — and more dangerous, Schlegelmilch said.

Persons: Hurricane Helene, Milton, —, Helene, Milton —, Ron DeSantis, Nick Friedman, they've, Friedman, DeSantis, Marla Spence, Howell, — that's, it's, It's, Jeffrey Schlegelmilch, Schlegelmilch Organizations: Service, Tampa, National Oceanic, Administration, Tampa Bay Times, National Hurricane Center, state's Department of Transportation, Environmental Program Management, Milton, National Center for Disaster Preparedness, Columbia Climate School Locations: Hurricane, Florida, Tampa, Helene, Tampa Bay

☆ Fed officials were divided on whether to cut rates by half a point in September, minutes show
▼ + stars: | 2024-10-09 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

"A few participants also added that a 25 basis point move could signal a more predictable path of policy normalization." Since the meeting, economic indicators have showed that the labor market is perhaps stronger than officials favoring the 50 basis point move had expected. The minutes noted that the vote to approve the 50 basis point cut came "in light of the progress on inflation and the balance of risks" against the labor market. Though the document was more detailed about the debate over whether to approve the 25 basis point cut, there was not as much information about why voters supported the larger move. Since the Fed meeting, both the 10- and 2-year Treasury yields have surged about 40 basis points.

Persons: Michelle Bowman, nonfarm, Jerome Powell, Powell Organizations: Federal, Market, Treasury Locations: WASHINGTON

An American professor at Princeton University and a British-Canadian professor at the University of Toronto won the Nobel Prize in Physics on Tuesday for research that “formed the building blocks” of a key part of artificial intelligence. Since the 1980s, the pair have been using tools from physics to develop the foundations of what is known as “machine learning,” one of the core concepts of AI widely used today. Their research “formed the building blocks of machine learning, that can aid humans in making faster and more reliable decisions,” Ellen Moons, chair of the Nobel Committee for Physics, told a news conference. Hopfield has been a key influential figure in this field since 1982, when he invented the “Hopfield network” — a method widely used since. Hinton used this basis to come up with “the Boltzmann machine,” which can used for tasks such as classifying images.

Persons: “, John J, Hopfield, Geoffrey E, Ellen Moons, ”, Hinton Organizations: Princeton University, University of Toronto, Google, Physics Locations: American, British, Canadian, Hinton

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