Boeing Union Fight Hits Turbulence, Files Unfair Labor Practice Labor strikes at Boeing’s commercial jet factories are approaching the one-month mark, with no end to the paralyzing labor action. This seriously threatens Boeing’s credit rating, which faces mounting downgrade risks from investment grade to junk status from multiple credit ratings agencies as cash reserves dwindle. Quartz News reported overnight that Boeing […]

Company Recalls Nearly 10 Million Pounds Of Ready-to-Eat Meat, Poultry Over Listeria Risk Authored by Naveen Athrappully via The Epoch Times (emphasis ours), Oklahoma-based BrucePac is pulling millions of pounds of meat items from across the United States due to concerns they may be adulterated with listeria monocytogenes bacteria, according to the Food Safety and Inspection Service (FSIS). Meat products are offered for sale at a […]

McDonald’s CEO Warns 2025 Will Be “Another Challenging Year” As Bidenomics Financially Crushes Working-Poor Americans  McDonald’s Chief Executive Officer Chris Kempczinski spoke at the Boston College Chief Executives Club event on Thursday, sounding the alarm that low-income customers will remain under strain through the end of the year and into early 2025.  “We’re starting to talk about 2025, and my message to our teams has […]

Progressives Issue Warning to Harris: Break With Biden On Gaza… Now Via Common Dreams With the high-stakes U.S. presidential election less than a month away, warnings about the possible political consequences of Democratic nominee Kamala Harris’ refusal to break with President Joe Biden on supporting Israel’s assault on Gaza and beyond are taking on fresh urgency amid new survey data showing the vice president narrowly […]

Silent Majority: Poll Finds Independents Are Far More Conservative Than They’re Willing To Admit Via Issues & Insights Editorial Board, If conservatives want to win elections, they don’t need to rile up the base, they need to convince independents to say in public what they believe in private – that they agree with conservatives on most issues and that Democrats are the wildly out-of-touch extremists. That, at least, is […]

Single Deadliest Israeli Attack Of War Hits Central Beirut, But Hezbollah Commander Escapes On Thursday another major Israeli airstrike targeting central Beirut was an attempt to assassinate senior Hezbollah member Wafiq Safa, responsible for internal security issues, according to officials cited on Israeli Army Radio. Raids hit the Ras al Nabaa area in central Beirut. Israeli jets have for almost two weeks pounded Hezbollah […]

Automation Could Make Or Break New US Port Strike Agreement Authored by Andrew Moran via The Epoch Times, “No automation means no automation,” says the International Longshoremen’s Association (ILA), the union representing 85,000 dock and maritime workers. ILA officials reached a tentative wage agreement with the United States Maritime Alliance (USMX) on Oct. 3. This move effectively suspended the three-day job action and […]

Oil Tanker Catches Fire Off Germany’s Baltic Sea Coast What caught our attention this morning was footage uploaded to X showing a 73-meter (240-foot) German-flagged oil tanker ablaze off the Baltic Sea coast of northern Germany. AP News and Reuters have confirmed that the burning tanker, called “Annika,” has approximately 640 metric tons of oil on board. They noted that rescue teams evacuated seven crew members while several […]

GDP Report Continues To Defy Recession Forecasts Authored by Lance Roberts via RealInvestmentAdvice.com, The Bureau of Economic Analysis (BEA) recently released its second-quarter GDP report for 2024, showcasing a 2.96% growth rate. This number has sparked discussions among investors and analysts, particularly those predicting an imminent recession. There are certainly many supportive data points that have historically predicted […]

UMich Sentiment Slips In October As Inflation Expectations Rebound Medium-term inflation expectations picked up in preliminary UMich sentiment data for October, with the 5-10Y now at 2.9%… Source: Bloomberg This anxiety weighed on the overall sentiment survey, as it declined from 70.1 to 68.9 (well below the 71.0 expected). Both the current conditions and expectations index also fell on the month… Source: Bloomberg […]

Judge Rejects Georgia Voting Registration Extension After Hurricane Helene Authored by Katabella Roberts via The Epoch Times, A request by voting rights groups in Georgia to reopen voter registration to counter disruptions caused by Hurricane Helene was rejected on Thursday by a federal judge. The ruling came after voting groups filed a complaint on Tuesday, seeking to temporarily extend the voter registration period in the […]

“It Will Happen”: Elon Musk Predicts Joe Rogan Will Interview Donald Trump Just minutes before the scheduled start of the much-anticipated Robotaxi event on Thursday night, Elon Musk took to Twitter to tell the world an interview between Joe Rogan and Donald Trump “will happen”.  Musk made the post responding an our article, “Joe Rogan Has 25 Days To Interview Donald Trump”, submitted by Zero Hedge contributor Quoth the Raven, who […]

Futures Dip After Hot PPI, China Frenzy Unravels Futures are lower ahead of the last trading day of the week, but well off session lows as JPM earnings were solid enough to push the stock higher and reverse some of the market’s losses as Q3 earnings season was officially launched. As of 8:45am, S&P futures are down fractionally, while Nasdaq futures dropped 0.2%, hammered by TSLA which is down -5.8% pre-market as the Robotaxi […]

“It’s Time To Issue A European Arrest Warrant” – German Green MEP Demands Arrest Of Viktor Orbán Via Remix News, German Green Party MEP Daniel Freund launched another rant this week directed at Hungarian Prime Minister Viktor Orbán, this time calling for his arrest after Orbán’s debate appearance in the European Parliament. “It’s time to issue a European arrest warrant,” said Freund while speaking about Orbán. […]

‘Not Acceptable’: Obama Scolds Black ‘Brothas’ For Not Backing Harris – Blames Sexism Former President Barack Obama hit the campaign trail for Kamala Harris on Thursday — and hit some flat notes, as he condescendingly scolded black men for their lackluster support of the vice president, even going so far as to accuse them of sexism.   While Harris seems certain to win the overall black vote, she’s on course to do so by a […]

Core Producer Price Inflation Hotter Than Expected; Food Costs Surge After yesterday’s hotter-than-expected CPI, all eyes are on this morning’s PPI print for dovish hopes that the blip in CPI is ‘transitory’. Of course, there is the baffle ’em with bullshit print too… as data shows the MoM prints cooler than expected but the YoY prints hotter than expected. Headline PPI was unchanged MoM (cooler than the +0.1% expected) but it […]

JPMorgan Rises After NII, Trading Revenues Jump, Offset By Profit Decline, Unexpected Spike In Credit Loss Reserve Third quarter earnings season officially started this morning when JPMorgan reported earnings just before 7am ET, and unlike last quarter, this time the company not only beat on the top and bottom line (even as loan loss reserves rose again hitting $1 billion), but reported blowout earnings in its investment banking […]

Univision Host Denies Kamala Teleprompter Claim, Which Explains This Rambling Answer Update (1115ET): Univision’s Enrique Acevedo has refuted claims that Harris used a teleprompter during her Town Hall event. “The prompter displayed my introduction (in Spanish) and then it switched to a timer. Any claim to the contrary is simply untrue,” he replied to journalist Benny Johnson. The prompter displayed my introduction (in Spanish) […]

The Market Is Not Positioned For the ‘Unwatched Inflation Pot’ To Boil Over Authored by Simon White, Bloomberg macro strategist, The market is not ready for a re-rise in inflation, with positioning long in stocks, bonds and rates futures. Inflation has been relegated to secondary importance for now, but unwatched pots often boil over. Structural price-growth remains elevated, while core consumer prices are still above 3% – […]

“‘We, Robot’ 10/10 Event”: Wall Street Reacts To Elon Musk’s Big Cybercab Debut Tesla’s shares stumbled in premarket trading after the company’s long-awaited robotaxi event in Burbank, California. The event showcased the robotaxi Cybercab, the futuristic-looking Robovan concept, and the latest version of the humanoid robot, Optimus. Just hours after the event, some top Wall Street analysts began weighing in, praising the […]

Tough Luck For NYC Apartment Hunters: Bargains Scarce As Rents Hover Near Record Highs Tens of millions of Americans have been battered by a multi-year housing affordability crisis, mainly during the Biden-Harris administration’s first term. With high interest rates and record-high home prices, many prospective buyers have been sidelined and forced to remain in their parent’s basement or stuck in expensive rentals. Despite a […]

While “Fighting For Democratic Values”, Zelensky Seeks To Squash Any Dissenting Voices Authored by Liz Heflin via Remix news, The Ukraińska Pravda website is accusing the office of Ukrainian President Volodymyr Zelensky of “long-term and systemic pressure” on journalists, saying that representatives of the authorities in Kyiv cannot talk to the portal’s journalists. It also makes clear that they will be making sure the […]

UK To Unveil “Most Significant Package Of Employment Reforms In A Generation” By Stefan Koopman, Senior Macro Strategist at Rabobank New Deal? Big Deal The UK Labour government pledged to introduce its “new deal” for workers within 100 days of being elected in July. As these first 100 days draw to a close this weekend, Labour will unveil its new Employment Rights Bill today. This bill is being touted as the most significant […]

In Resurfaced Clip, Kamala Harris Fantasizes About Weaponizing DOJ Against ‘Misinformation’ It’s no secret that Kamala Harris is a power-hungry authoritarian… here she is explaining the immense power she wielded as a prosecutor – which she then implied she’s used responsibly (vs. the evil Donald Trump). Now, a clip from May of 2019 has resurfaced in which Harris fantasizes about weaponizing the DOJ against speech the government […]

Hungary Might Delay G7’s $50BN Loan To Ukraine Until After US Election Authored by Kyle Anzalone via The Libertarian Institute, The Hungarian government announced it will seek to prevent a vote on the European Union’s participation in a $50 billion Group of Seven (G7) loan to Ukraine. The G7 will use investments and interest gained from frozen Russian funds to pay off the loans.  Finance Minister Mihaly Varga explained that […]