While ultra-low prices are driving demand for groceries and kitchen staples, Costco's executives said last month that consumer spending...
  October 05, 2024 | | |
| WORDS OF WISDOM | | "Don't rule out working with your hands. It does not preclude using your head." | | ANDY ROONEY | | Good morning, and happy Saturday! Today, we're covering the hot jobs report, U.S. strikes on Houthi terrorists in Yemen, and the Supreme Court's upcoming term.
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Hot Jobs Report The U.S. economy created 254,000 new jobs in September, exceeding expectations and spotlighting the persistent strength in the national labor market. The results exceeded the consensus estimate by 114,000 jobs. The unemployment rate dipped for the second straight month, sliding to 4.1 percent from 4.2 percent. Food services and drinking places led the employment gains, creating 69,000 new jobs. This was followed by health care (45,000), government (31,000), social assistance (27,000), and construction (25,000). Manufacturing payrolls shed 7,000. The September jobs data might lower the expectations for the Federal Reserve slashing interest rates by another 50 basis points at the November policy meeting, says Gina Bolvin, the president of Bolvin Wealth Management Group. "With oil prices rising because of Middle East tensions ratcheting up, and average hourly earnings rising, the Fed may worry about inflation rearing its ugly head." Read the full story here› | |
Hitting Back U.S. forces conducted 15 airstrikes against Houthi targets in Yemen on Friday, following recent Houthi threats and attacks in the Red Sea. "These actions were taken to protect freedom of navigation and make international waters safer and more secure for U.S., coalition, and merchant vessels," U.S. Central Command, which oversees U.S. forces in the Middle East, announced on Friday. The strikes were reported earlier by Al Masirah TV, the main television news outlet run by the Houthi terrorist group, which controls significant parts of Yemen. According to Al Masirah TV, the strikes were in response to a "massive rally" held in support of Sayyed Hassan Nasrallah, the leader of Hezbollah in Lebanon. Nasrallah was assassinated by an Israeli airstrike last week—a move that led to Iran retaliating by firing a barrage of missiles directly at Israel earlier this week.
Iran's direct assault on Israel has led to increased tensions in the region and an escalation of military operations in Lebanon by Israel. Read the full story here› | |
Supreme Court's New Term The Supreme Court is expected to start its 2024–2025 term after a blockbuster year of considering contentious cases and challenges to longstanding precedent. Already, the court has accepted petitions related to hot-button topics including gender, ghost guns, immigration, pornography, and e-cigarettes. The term starts on Oct. 7. Among the big-ticket items is the potential return of the Trump case and ongoing calls for reform. Regardless of who wins the presidency in November, Democrats will likely continue pressing for reform to the nation's highest court—attracting further scrutiny to the justices and amplifying the tension surrounding issues like gender. As the session begins, our Supreme Court correspondent, Sam Dorman, has compiled a shortlist of six big things to watch in the months ahead. Read Sam's full story here› How do you like today's Morning Brief? Tell us what you think here. | | | | MORE TOP NEWS | | | | | | | | | | | | PREMIUM | | | | INSPIRING | | | | A WORD FROM OUR SPONSOR | Survival companies don't want you to see this With food prices on the rise... we want to help Americans have an efficient amount of food! Hey it's Melissa here at 4Patriots! And I've got one question for you: Are you ready to secure the peace of mind that comes from having a 4Patriots 3-month survival food kit in your stockpile? Plus, a boatload of FREE GIFTS that work with your survival food in a dangerous emergency? Well now you can! >> Claim your 3-month survival food kit and free gifts package today! | | EPOCH TV | | | | | | OPINION | | | | | | EPOCH FUN | | | |
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