China reports its economy slowed in the last quarter, expanding 4.7% in annual terms
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China's economy expanded 4.7% in annual terms in the last quarter, indicating a slowdown. The report was released by China. The slowdown in the economy is a significant development. The news was reported by ABC News on July 14, 2024, at 10:10 PM. The article provides no additional information about the topic.
https://abcnews.go.com/US/wireStory/china-reports-economy-slowed-quarter-expanding-47-annual-111941094
Trump shooting live updates: No motive known, Biden to give Oval Office address Sunday night
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Former President Donald Trump was shot in an assassination attempt at an election rally in Butler, Pennsylvania. Secret Service agents swarmed Trump and led him off the stage to a waiting vehicle. Trump is 'fine,' a spokesperson said. The alleged shooter is dead. One spectator was killed and two were hurt. President Joe Biden had a conversation with Trump and urged the public to not make assumptions about the motive. Biden directed the FBI to conduct a thorough investigation. Biden extended condolences to the family of the killed rallygoer and said he will speak from the Oval Office at 8 p.m. ET on Sunday. Trump will leave for Milwaukee for the Republican National Convention on Sunday afternoon. The firearm used in the shooting was legally purchased by the suspect's father. The shooter had no military affiliation. Explosives were found in the suspect's car. Biden is rescheduling his trip to Texas and will deliver remarks to the nation at 1:30 p.m. ET on Sunday.
#DonaldTrump #JoeBiden #Shooting #AssassinationAttempt #SecretService #Investigation #RepublicanNationalConvention
https://abcnews.go.com/Politics/live-updates/donald-trump-rally-shooting-assassination-attempt/?id=111916828
Global leaders condemn Donald Trump's assassination attempt
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Global leaders have expressed concern over an assassination attempt targeting former U.S. President Donald Trump at a rally in Pennsylvania that left one attendee dead and critically injured two others. The shooting pierced the upper part of Trump's right ear, but his campaign said he was doing 'fine'. The Secret Service killed the suspected shooter who attacked from an elevated position outside the rally venue. Leaders from around the world, including Albania, Australia, Austria, Brazil, Canada, China, Czech Republic, Egypt, El Salvador, Estonia, France, Germany, Hungary, India, Iraq, Israel, Italy, Japan, Kosovo, Latvia, Lithuania, Mexico, Norway, Pakistan, Russia, South Korea, Slovakia, Sweden, Taiwan, Turkey, Ukraine, and the United Kingdom, condemned the attack and expressed their wishes for Trump's recovery. Many leaders emphasized the importance of peaceful political discourse and condemned political violence. Russian foreign ministry spokeswoman suggested that American lawmakers should use the money allocated for supplying weapons to Ukraine to finance the American police. The article was published on July 14, 2024, at 3:25 AM by ABC News.
#DonaldTrump #AssassinationAttempt #GlobalLeaders #Condemnation #Violence
https://abcnews.go.com/US/wireStory/global-leaders-condemn-donald-trumps-assassination-attempt-111923641
Pennsylvania Supreme Court justice in courtroom for brother's federal sentencing for theft, bribery
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John Dougherty, a former Philadelphia labor leader, is being sentenced for bribing a City Council member and stealing nearly $600,000 from the union he ran. His brother, Pennsylvania Supreme Court Justice Kevin Dougherty, was present in the courtroom. Dougherty was convicted in December of embezzlement, conspiracy, and other counts. He used the electricians' union as his personal bank account and source of jobs for family and friends. Prosecutors argued for a lengthy prison term, while Dougherty's supporters testified about his charitable works and union advocacy. The sentencing is expected to be handed down later today.
#PennsylvaniaSupremeCourt #JohnDougherty #KevinDougherty #Bribery #Theft #Union #Sentencing
https://abcnews.go.com/US/wireStory/pennsylvania-supreme-court-justice-courtroom-brothers-federal-sentencing-111853414
Joe Jonas says new solo single 'Work It Out' brought him 'happiness & peace'
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Joe Jonas announced that his new solo single, 'Work It Out,' will be released on Friday, July 19. He expressed excitement and gratitude to collaborate with his favorite musicians and creators. Jonas has previously released solo music with his 2011 album 'Fastlife' and as part of the group DNCE. The single's artwork features Jonas wearing jeans and a denim jacket over a red T-shirt against a blue sky background. He hopes listeners find as much happiness and peace as he does when they listen to his songs.
#JoeJonas #SoloSingle #Music #Happiness #Peace
https://abcnews.go.com/GMA/Culture/joe-jonas-new-solo-single-work-it-out-happiness-peace/story?id=111842432
Justice Department won't prosecute Garland for contempt, says refusal to provide audio wasn't crime
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Attorney General Merrick Garland will not be prosecuted for contempt of Congress after refusing to turn over audio of President Joe Biden’s interview in his classified documents case because his actions “did not constitute a crime." The Justice Department cited the department's longstanding policy not to prosecute officials who don’t comply with subpoenas because of a president’s claim of executive privilege. The decision comes after the House voted to hold Garland in contempt of Congress. The Justice Department only turned over some of the records, leaving out audio of the interview with the president. Garland is the third attorney general to be held in contempt of Congress. The last attorney general held in contempt was Bill Barr in 2019. The special counsel in Biden’s case, Robert Hur, found insufficient evidence to successfully prosecute a case in court.
#MerrickGarland #JoeBiden #Congress #JusticeDepartment #Contempt #ExecutivePrivilege
https://abcnews.go.com/US/wireStory/justice-department-prosecute-garland-contempt-refusal-provide-audio-111134793
Yellen says China's trade policies could 'interfere significantly' with US bilateral relationship
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Treasury Secretary Janet Yellen warns that China's trade policies, including overconcentrated supply chains and government subsidies, pose a threat to U.S. jobs and recent investments in the green energy sector. Yellen emphasizes the need for a level playing field and rejects the idea of 'decoupling' from China. The U.S. has recently imposed tariffs on Chinese products, and the European Union is also considering higher tariffs on Chinese goods. Yellen's speech comes as former President Donald Trump presents his case for returning to the Oval Office and both Biden and Trump have pledged to be tough on China.
#JanetYellen #China #TradePolicies #UsJobs #GreenEnergySector #Tariffs #GovernmentSubsidies #LevelPlayingField #Decoupling #DonaldTrump #JoeBiden
https://abcnews.go.com/Business/wireStory/yellen-chinas-trade-policies-interfere-significantly-us-bilateral-111099275
Inflation expected to have held steady in May
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The release of data on Wednesday will reveal the latest movement for consumer prices, which economists expect to have risen 3.4% over the year ending in May. Price increases have slowed significantly from a peak of about 9%, but inflation still stands more than a percentage point higher than the Federal Reserve's target rate of 2%. The Federal Reserve is expected to hold interest rates steady for the seventh consecutive time at the close of its meeting on Wednesday. Price increases have drawn attention from voters as the U.S. hurtles toward a closely contested presidential election in the fall, with 85% of U.S. adults considering inflation an important issue. Former President Donald Trump is trusted more than President Joe Biden on the economy and inflation by a margin of 14 percentage points.
#Inflation #ConsumerPrices #FederalReserve #InterestRates #Economy #PresidentialElection
https://abcnews.go.com/Business/inflation-expected-held-steady/story?id=111012785
Biden's team asks CEOs how to further boost the economy while Trump says business is on his side
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Top Biden administration officials have been reaching out to CEOs and corporate leaders to ask about their needs, encroaching on the business community terrain that former President Donald Trump considers his home turf. Both candidates want to convey that they can work with employers, despite the divided electorate. Biden's team wants to hear from CEOs about how to drive investment and sustain growth, while Trump argues that his policies such as tax cuts, deregulation, and increased oil and gas production are beneficial for business. The CEOs that the Biden team has met with are generally satisfied with the performance of the stock market and the overall economy. They are looking for ways to sustain growth, streamline government permitting, and renew a corporate tax break for research and development expenses. Corporate leaders also expressed concerns about Trump's tariff hikes and the potential disruption of relationships with trade partners. Biden's team has been increasing its outreach to CEOs at the behest of White House chief of staff Ron Klain. The administration believes that its plans for overall growth are better for profits in the long run. The shortage of skilled workers is a major concern for businesses, as there are more job openings than unemployed people seeking work. The Biden administration aims to address this issue by partnering with companies and focusing on skill development. Commerce Secretary Gina Raimondo emphasizes the need for greater partnerships with companies to ensure a large pool of trained workers and to provide paths into the middle class for voters.
#Biden #Trump #Ceos #Economy #Business
https://abcnews.go.com/US/wireStory/bidens-team-asks-ceos-boost-economy-trump-business-110984476
Republican challenger to Tester leans into his outsider status in Montana U.S. Senate debate
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Republican U.S. Senate candidate Tim Sheehy embraced his status as an outsider who came to Montana to start a business during the first debate in a race that could tip the balance of power in the Senate. Incumbent Sen. Jon Tester is considered one of the most vulnerable Democrats on the ballot. Sheehy blamed Democrats for the increasing economic pressures faced by many households and criticized Tester and President Joe Biden for not doing enough to rein in inflation. Tester accused Sheehy of being part of the problem amid a housing shortage and rising taxes. The candidates also clashed on immigration and abortion. Sheehy has invested over $2 million of his own money into the campaign and received almost $11 million in donations, while Tester has reported raising $37 million.
#Republican #Challenger #Tester #Montana #UsSenate #Debate
https://abcnews.go.com/US/wireStory/republican-challenger-tester-leans-outsider-status-montana-us-110967568
Keeping children safe on social media: What parents should know to protect their kids
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Navigating social media as a parent and child is challenging. Most American teenagers use social media platforms daily, with TikTok being the most popular. Concerns about the effects of social media on young people have led to discussions on child online safety. The Children's Online Privacy Protection Act prohibits kids under 13 from using platforms that advertise to them without parental consent. However, online privacy is not the only concern; bullying, harassment, and mental health issues are also prevalent. There is no consensus on the ideal age for kids to join social media, but experts suggest waiting until they are older. Some tech executives and parents have banned their kids from social media altogether, but this can lead to isolation. Parents should start early by discussing social media with their children and setting limits. Educating kids about the negative aspects of social media and using parental controls can also be helpful. However, it is unfair to expect parents to manage rapidly evolving technology on their own. Lawmakers are proposing regulations to increase the age limit for social media, but verifying age is challenging. Overall, parents and teens need to be aware of the risks and have open discussions about social media use.
https://abcnews.go.com/Health/wireStory/keeping-children-safe-social-media-parents-protect-kids-110885553
How major US stock indexes fared Tuesday, 6/4/2024
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U.S. stocks held relatively steady on Tuesday, June 4, 2024, after a report suggested the job market is cooling. The S&P 500 rose 0.2%, the Dow Jones Industrial Average rose 0.4%, and the Nasdaq composite added 0.2%. Treasury yields slid after the report showed U.S. employers advertised fewer job openings at the end of April than economists expected. Wall Street wants the job market and overall economy to slow to convince the Federal Reserve to cut interest rates, but there is concern that a slowdown could lead to a painful recession. The Russell 2000 index of smaller companies fell 1.2%. For the week, the S&P 500 is up 0.3%, the Dow is up 0.1%, the Nasdaq is up 0.7%, and the Russell 2000 is down 1.7%. For the year, the S&P 500 is up 10.9%, the Dow is up 2.7%, the Nasdaq is up 12.3%, and the Russell 2000 is up 0.3%.
#UsStocks #S&p500 #DowJonesIndustrialAverage #NasdaqComposite #JobMarket #FederalReserve #Recession #Russell2000
https://abcnews.go.com/Business/wireStory/major-us-stock-indexes-fared-tuesday-642024-110828860
How major US stock indexes fared Monday, 6/3/2024
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Stocks ended mixed on Wall Street following the latest signal showing the U.S. economy is slowing. The S&P 500 edged up 0.1% after erasing a midday slump. The Dow Jones Industrial Average lost 0.3%, and the Nasdaq composite rose 0.6%. Several tech stocks including Nvidia ended higher, but stocks of oil-and-gas producers fell after the price of crude tumbled. Treasury yields slid in the bond market after a report showed that U.S. manufacturing shrank in May for the 18th time in 19 months. The S&P 500 rose 5.89 points, or 0.1%, to 5,283.40. The Dow Jones Industrial Average fell 115.29 points, or 0.3%, to 38,571.03. The Nasdaq composite rose 93.65 points, or 0.6%, to 16,828.67. The Russell 2000 index of smaller companies fell 10.44 points, or 0.5%, to 2,059.68. For the year, the S&P 500 is up 513.57 points, or 10.8%. The Dow is up 881.49 points, or 2.3%. The Nasdaq is up 1,817.32 points, or 12.1%. The Russell 2000 is up 32.61 points, or 1.6%.
https://abcnews.go.com/Business/wireStory/major-us-stock-indexes-fared-monday-632024-110791834
The Biden administration is releasing gasoline reserves. Will it lower prices at the pump?
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The Biden administration is releasing 1 million barrels of gasoline from a Northeast reserve in an effort to reduce prices at the pump during the summer driving season. The gasoline will be sold in 100,000-barrel tranches over a six-week period between Memorial Day and July 4. Experts believe that while the release may result in a modest reduction in prices for drivers in the mid-Atlantic and Northeast, it will have little effect nationwide. The national average price for a gallon of unleaded regular gas is currently $3.61, which is a slight increase from a year ago. The release of gasoline reserves is unlikely to help regions like the West Coast where drivers are experiencing the highest prices due to a lack of pipeline capacity. The Northeast Gasoline Supply Reserve was established in the mid-2010s after Superstorm Sandy, and the decision to empty the reserve comes after Congress called for its closure. The Biden administration sees this release as part of its effort to lower energy prices for American consumers. Rising gas prices can negatively impact a president's approval rating, as each 10-cent increase in gas prices is associated with a decline in presidential approval.
#GasolineReserves #GasPrices #BidenAdministration #EnergyPrices #SummerDrivingSeason
https://abcnews.go.com/Business/biden-administration-releasing-gasoline-reserves-lower-prices-pump/story?id=110496772
May's full Flower Moon: How to see it and what it means for your zodiac sign
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The Flower Moon will arrive on May 23, 2024 at 9:53 p.m. E.T. The full moon was dubbed "Flower Moon" because flowers spring forth across North America in abundance around this time. The Full Moon will reach peak illumination in the United States on Thursday, May 23, at 9:53 a.m., E.T. The zodiac sign for the Flower Moon in May is Sagittarius, a fire sign and the ninth on the wheel. The Flower Moon encourages adventure, learning, and expanding perspectives. Rituals and manifestations during the Flower Moon include using fire in rituals, writing down things to release and burning them, and meditating on expanding horizons. Astrology horoscope for the Flower Moon includes predictions for each zodiac sign. Aries may feel invigorated to switch up routines and focus on long-distance travel or international business. Taurus may evaluate relationships and experience financial shifts. Gemini may face the truth in a significant partnership. Cancer may have a busy month with many projects. Leo may enjoy romance and courtship. Virgo may focus on stability, security, and reflect on the past. Libra may feel curious and eager to step out of their comfort zone. Scorpio may take a closer look at finances. Sagittarius may achieve an important personal or professional goal. Capricorn may desire rest and relaxation. Aquarius may join groups and communities and have fun. Pisces may receive recognition or success in their professional life.
#FlowerMoon #ZodiacSign #Astrology #Rituals #Manifestations
https://abcnews.go.com/GMA/Living/may-full-flower-moon-meaning-2024/story?id=110283612
Georgia voters split on issue priorities by partisanship — except on the economy
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Georgia voters prioritize the economy as the most important issue, according to a poll. 35% of registered Georgia voters, including 28% of Democrats, 41% of Republicans, and 34% of independents, selected the economy as the top issue. Republicans also prioritize immigration, while Democrats focus on healthcare and abortion access. In the Georgia Supreme Court race, incumbent Justice Andrew Pinson is leading former Democratic Rep. John Barrow. Pinson is performing well in Atlanta suburbs, including counties that voted for Biden in 2020. Fulton County District Attorney Fani Willis and Judge Scott McAfee, involved in Trump's Georgia trial, are projected to win their Democratic primaries. Monica McBath is holding a strong lead in her new district due to redistricting. Overall, Georgia voters' issue priorities align with their partisan affiliations, except for the economy.
#Georgia #PrimaryElections #Voters #Partisanship #Economy #Immigration #Healthcare #AbortionAccess #GeorgiaSupremeCourt #FaniWillis #ScottMcafee #AndrewPinson #JohnBarrow #MonicaMcbath
https://abcnews.go.com/538/live-updates/georgia-oregon-idaho-kentucky-primaries/georgia-voters-split-on-issue-priorities-by-partisanship--except-on-the-economy-110449794?id=110412241
Russian court freezes assets of two German banks in gas project dispute
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A court in St. Petersburg has ordered the seizing of assets of Germany's Deutsche Bank and Commerzbank in Russia in response to a lawsuit over the planned construction of a liquefied natural gas terminal in the Baltic Sea. The banks were guarantors in the contract for building a gas processing plant by Renaissance Heavy Industries and German company Linde. The project was cancelled after Western sanctions, with the banks withdrawing their guarantees. RusChemAlliance, a subsidiary of Russian gas giant Gazprom and the project operator, is claiming about 238.61 million euros ($260 million) against Deutsche Bank and 94.92 million euros ($103 million) against Commerzbank. Deutsche Bank has made a provision of approximately 260 million euros ($283 million) under an indemnification agreement and will assess the immediate operational impact in Russia and how the claim will be viewed by the Russian courts.
https://abcnews.go.com/International/wireStory/russian-court-freezes-assets-german-banks-gas-project-110374934
Helicopter carrying Iran's president suffers a 'hard landing,' state TV says
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A helicopter carrying Iranian President Ebrahim Raisi suffered a 'hard landing' near Jolfa, a city on the border with Azerbaijan. Raisi was traveling in Iran's East Azerbaijan province. Rescuers were attempting to reach the site but were hampered by poor weather conditions. Raisi had been in Azerbaijan to inaugurate a dam with Azerbaijan's President Ilham Aliyev. Raisi, a hard-liner and protégé of Iran's Supreme Leader Ayatollah Ali Khamenei, won Iran's 2021 presidential election. He is sanctioned by the U.S. for his involvement in the mass execution of political prisoners in 1988. Under Raisi, Iran now enriches uranium at nearly weapons-grade levels and hampers international inspections. Iran has armed Russia in its war on Ukraine and launched a drone-and-missile attack on Israel. It also continues to arm proxy groups in the Middle East.
#Iran #EbrahimRaisi #HelicopterIncident #Azerbaijan
https://abcnews.go.com/International/wireStory/rescuers-reach-helicopter-involved-incident-traveling-iran-president-110372576
Photo of upside-down flag at Supreme Court Justice Samuel Alito's house raises concerns: Report
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A photo of an upside-down American flag flying at the home of Supreme Court Justice Samuel Alito and his wife Martha-Ann in January 2021 has raised concerns. The flag was placed by Martha-Ann Alito in response to a neighbor's use of objectionable language on yard signs. The yard signs were reported to be anti-Donald Trump. Legal ethics experts say this could possibly violate the spirit of the court's ethics code. The Supreme Court is expected to rule on two cases regarding the Jan. 6 riots, including whether Trump has immunity for his actions during the riots. Congress is urged to impose meaningful ethics enforcement on a Court that refuses to police itself.
#SupremeCourt #SamuelAlito #AmericanFlag #EthicsCode #Jan6Riots
https://abcnews.go.com/Politics/photo-upside-flag-supreme-court-justice-samuel-alitos/story?id=110339877
A West Bank village feels helpless after Israeli settlers attack with fire and bullets
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A West Bank village called Duma has been targeted by Israeli settlers in an attack that left 15 homes damaged by arson and six residents injured by bullets. The attack, which caused an estimated five million shekels ($1.3 million) in damage, is one of nearly 800 settler attacks against Palestinians in the occupied West Bank since Hamas attacked Israel from the Gaza Strip on October 7. The village of Duma, with a population of over 2,000 people, lacks the power to defend itself and has limited resources to clean up and rebuild. Israeli human rights groups blame the far-right government of Prime Minister Benjamin Netanyahu for fueling settler violence by promoting an ideology of total Israeli supremacy in the West Bank. The United States has increased pressure on Israel to curb settler attacks in the West Bank, but the chief of Duma does not believe the pressure campaign will be effective. Duma is surrounded by outposts that have expanded gradually over the past decade, and settlers have cut off the village's access to vital springs and wells. The village is in a section of the West Bank known as Area B, where the Palestinian Authority governs civil affairs but the Israeli military is in charge of security.
#WestBank #IsraeliSettlers #Violence #Palestinians #SettlerAttacks #IsraeliGovernment #BenjaminNetanyahu #UnitedStates #PressureCampaign #PalestinianAuthority
https://abcnews.go.com/International/wireStory/west-bank-village-feels-helpless-after-israeli-settlers-110096513
Stock market today: Global shares trade higher after Wall Street rally takes S&P 500 near record
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Global shares are trading higher after a rally on Wall Street that pulled the S&P 500 back within 1% of its record. In London, the FTSE 100 rose 0.8% to 8,448.34 as the British economy bounced back strongly in the first three months of the year, ending a 'technical recession.' France's CAC 40 gained 0.8% to 8,253.19, while Germany's DAX added 0.8% to 18,830.43. Japan’s benchmark Nikkei 225 rose 0.4% to finish at 38,229.11. Hong Kong's Hang Seng jumped 2.3% to 18,963.68. Chinese price data, expected Saturday, are being watched to see if the economy might be regaining momentum. On Thursday, the S&P 500 rose 0.5% and the Dow Jones Industrial Average gained 0.8%. Federal Reserve Chair Jerome Powell said last week that the central bank remains closer to cutting its main interest rate than hiking it. Benchmark U.S. crude rose 48 cents to $79.74 a barrel. The U.S. dollar rose to 155.71 Japanese yen from 155.50 yen. The euro inched up to $1.0786 from $1.0782.
#StockMarket #GlobalShares #WallStreet #S&p500 #Ftse100 #Cac40 #Dax #Nikkei225 #HangSeng #ChineseEconomy #FederalReserve #CrudeOil #CurrencyExchange
https://abcnews.go.com/Business/wireStory/stock-market-today-asian-shares-trade-higher-after-110097292
Top Biden aide highlights upcoming tax showdown with GOP over 2017 cuts that are due to expire
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Lael Brainard, director of the White House National Economic Council, will deliver remarks at the Brookings Institution on Friday highlighting the upcoming tax showdown between the Biden administration and the GOP over the 2017 income tax cuts. Many of the tax cuts are set to expire after next year, and if extended, another $4.6 trillion would be added to the national debt over the next decade. Brainard argues that the 2017 tax cuts failed to deliver the promised growth and let wealthy households pay lower rates than middle-class earners. Trump opposes tax hikes, while Biden wants to extend middle-class tax cuts and raise taxes on profitable companies and the wealthy. The Biden administration aims to raise awareness of tax fairness and emphasizes its commitment to not raise taxes on anyone making less than $400,000. The expiration of Trump's tax package next year will put tax fairness front and center. Trump argues that the expiration of his tax cuts would cause mass layoffs and permanently cripple the economy, while Biden believes growth will come from spending by financially secure middle-class households. Trump's 2017 overhaul cut the corporate tax rate to 21% and temporarily reduced income taxes for most households. Biden's tax plan assumes all of Trump's tax cuts will expire, but it's unclear how he would lower the deficit as much as advertised in his budget proposal. Republicans may face challenges in continuing the tax cuts without worsening the government's finances and may need to consider spending cuts to address the higher debt loads. Higher debt loads could lead to higher interest rates and more expensive mortgages and auto loans.
#BidenAdministration #Gop #TaxCuts #TaxPolicy #EconomicGrowth
https://abcnews.go.com/US/wireStory/top-biden-aide-highlights-upcoming-tax-showdown-gop-110098433
Stock market today: Asian shares mixed after calm day on Wall St
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Asian shares were mixed on Wednesday after U.S. stocks held relatively steady on Wall Street. Tokyo's Nikkei 225 lost 1.6% to 38,202.37. Nintendo Co.’s share price sank 5.4% after the company’s forecasts disappointed investors and it announced that news of a successor product to its popular Switch device will be made by March 2025. Sony Corp. shed 5% amid speculation over a potential buyout of Paramount Global by Pictures and the private equity firm Apollo Global Management. Hong Kong's Hang Seng index shed 0.7% to 18,354.11 and the Shanghai Composite index gave up 0.6%, falling to 3,129.65. P/ASX 200 edged 0.1% higher to 7,804.50, while the Kospi in South Korea rose 0.4% to 2,745.05. The S&P 500 edged 0.1% higher, to 5,187.70. The Dow Jones Industrial Average added 0.1%, to 38,884.26, and the Nasdaq composite slipped 0.1%, to 16,332.56. Kenvue rose 6.4% after topping analysts’ forecasts for both profit and revenue in the latest quarter. The Walt Disney Co. sank 9.5% despite reporting stronger results for its latest quarter than analysts expected. U.S. benchmark crude oil fell 48 cents to $77.90 per barrel. Brent crude oil, the international standard, declined 52 cents to $82.64 per barrel.
#StockMarket #AsianShares #WallStreet #Nikkei225 #Nintendo #Sony #HangSeng #ShanghaiComposite #Kospi #S&p500 #DowJonesIndustrialAverage #Nasdaq #Kenvue #WaltDisneyCo #CrudeOil
https://abcnews.go.com/US/wireStory/stock-market-today-asian-shares-mixed-after-calm-110016999
The American paradox of protest: Celebrated and condemned, welcomed and muzzled
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Protests, rallies, sit-ins, marches, and disruptions are hallmarks of American history. While Americans cherish the right to assemble and speak out, protests can also be met with irritation, condemnation, and opposition. Dissent is essential for democracy, but it must not lead to disorder. Protests have had an impact on public opinion, raising the visibility and salience of issues. Recent protests related to the Israel-Hamas war have faced opposition, with administrators and police calling for order and normal functioning. Disruption is seen as a necessary part of protest by some, while others believe demonstrations can be effective without blocking roadways or interrupting life. Campus protests have been criticized for descending into antisemitism and creating an unsafe atmosphere for Jewish students. The power of protest lies in impacting cultural conversations and altering the terms of debate. Protests have succeeded in changing the way people think about issues and putting them in the public consciousness.
#Protests #AmericanHistory #Dissent #PublicOpinion #IsraelhamasWar #CampusProtests #Antisemitism
https://abcnews.go.com/US/wireStory/american-paradox-protest-celebrated-condemned-welcomed-muzzled-109936545
Japan and India reject Biden's comments describing them as xenophobic countries
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Japan and India have rejected remarks made by U.S. President Joe Biden during a campaign fundraising event, where he described them as "xenophobic" countries that do not welcome immigrants. Japan stated that Biden's judgment was not based on an accurate understanding of its policy, while India defended itself as the world's most open society. Biden grouped Japan and India with Russia and China as struggling economies, contrasting them with the strength of the U.S. as a nation of immigrants. Both Japan and India are key U.S. allies and part of the Quad, a U.S.-led informal partnership to counter China in the Indo-Pacific. The White House clarified that Biden meant no offense and was emphasizing the U.S. as a nation of immigrants. Japan and India expressed disappointment with Biden's remarks but affirmed their strong relations with the U.S.
#Japan #India #JoeBiden #Xenophobia #Immigration #Quad #China
https://abcnews.go.com/US/wireStory/japan-india-reject-bidens-comments-describing-xenophobic-countries-109930971
Stock market today: Asian shares advance ahead of US jobs report
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Asian shares were mostly higher ahead of a report on the U.S. jobs market. Several major markets including Tokyo and Shanghai were closed for holidays. The Japanese yen strengthened slightly against the U.S. dollar amid signs of heavy central bank intervention. The financial newspaper Nihon Keizai Shimbun reported that estimates showed the government spending an estimated 8 trillion yen (about $50 billion) this week in trying to keep the yen from slipping further against the dollar. The weaker yen has helped boost prices for imported goods, a factor behind the Bank of Japan's recent decision to give up its negative interest rate policy and raise its benchmark rate to zero to 0.1% from a longstanding level of minus 0.1%. It might raise rates further, Marcel Thieliant of Capital Economics said in a commentary, even if its target of 2% isn't met. Hong Kong's Hang Seng jumped 1.7% to 18,518.64, tracking gains on Wall Street. News of fresh moves by Chinese leaders to energize the economy helped drive buying of technology shares. E-commerce giant Alibaba climbed 3.9% and rival JD.com was up 5%. Baidu advanced 4.2%. P/ASX 200 gained 0.6% to 7,629.00 and the Kospi in Seoul slipped 0.3% to 2,676.63. Taiwan's Taiex picked up 0.5%. India's Sensex shed 0.9% to 73,952.37. On Thursday, the S&P 500 rose 0.9% to 5,064.20, a day after swinging sharply when the Federal Reserve said it's likely delaying cuts to interest rates but not planning to hike them. The Dow Jones Industrial Average rose 0.9% to 38,225.66, and the Nasdaq composite jumped 1.5%, to 15,840.96. On Friday, the U.S. government will report on how many jobs employers added last month, one of the most highly anticipated economic updates each month. Economists expect it to show a slowdown in hiring. A report Thursday showed that fewer U.S. workers applied for unemployment benefits last week than economists expected. It’s the latest signal that the job market remains solid despite high interest rates. A separate, potentially more disappointing report suggested growth in how much U.S. workers produced per hour worked was weaker at the start of 2024 than economists expected. A measure comparing labor costs to productivity, meanwhile, rose by more than expected in the preliminary report. That could put upward pressure on inflation. Apple climbed 2.2% ahead of its profit report, which arrived after trading ended Thursday. DoorDash sank 10.3% after reporting a worse loss than expected, while Peloton Interactive swung from an early gain to a loss of 2.8% after it said it would cut roughly 400 jobs as part of a program to save $200 million in costs annually. It also said its CEO, Barry McCarthy, is stepping down. The company’s stock had fallen to a record low last week. In energy trading, U.S. benchmark crude oil gained 17 cents to $79.12 per barrel in electronic trading on the New York Mercantile Exchange. It lost 5 cents on Thursday. Brent crude, the international standard, added 18 cents to $83.85 per barrel.
https://abcnews.go.com/US/wireStory/stock-market-today-asian-shares-advance-ahead-us-109895607
Over 40% of Americans see China as an enemy, a Pew report shows. That's a five-year high
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A new Pew Research Center report shows that more than 40% of Americans now label China as an enemy, up from a quarter two years ago and reaching the highest level in five years. Half of Americans think of China as a competitor, and only 6% consider the country a partner. The Pew report, drawn from an April 1-7 survey of 3,600 U.S. adults, found that roughly half of Americans think limiting China’s power and influence should be a top U.S. foreign policy priority. About eight in 10 Americans have an unfavorable view of China, and 81% of U.S. adults see the country unfavorably. 42% of Americans say China is an enemy of the U.S., the highest level since 2021. The share is much larger among Republicans and Republican-leaning independents, with 59% of them describing China as an enemy, compared with 28% of Democrats and those leaning Democratic.
#China #PewResearchCenter #UschinaRelations #ForeignPolicy
https://abcnews.go.com/US/wireStory/40-americans-china-enemy-pew-report-shows-year-109842569
FTC bans noncompete agreements for many Americans but legal battle looms that would delay change
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The Federal Trade Commission (FTC) has voted to ban noncompete agreements, which could affect up to 30 million Americans. The ban, approved 3-2, aims to give workers the freedom to pursue new jobs, start businesses, or bring new ideas to market. Noncompete agreements are clauses in employment contracts that restrict employees from working for rival companies within a certain geographic area or time frame. The FTC rule will take effect in 120 days, but a legal battle is expected to delay its implementation. Pro-business groups, including the U.S. Chamber of Commerce, have opposed the ban and plan to sue the FTC. The AFL-CIO, the largest union organization in the U.S., supports the ban, stating that noncompete agreements trap workers, drive down wages, and stifle competition. The ban would apply to all workers entering new employment agreements, while existing agreements would become unenforceable. There is an exception for senior executives earning more than $151,164 per year. The FTC estimates that the ban could increase workers' combined wages by up to $488 billion over the next decade.
#Ftc #NoncompeteAgreements #EmploymentContracts #Workers #LegalBattle #UsChamberOfCommerce #Aflcio
https://abcnews.go.com/Politics/ftc-bans-noncompete-agreements-americans-legal-battle-looms/story?id=109546974
In race for his Senate seat, Joe Manchin endorses West Virginia Democratic Mayor Glenn Elliott
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Outgoing U.S. Sen. Joe Manchin has endorsed Wheeling Mayor Glenn Elliott in the Democratic primary race for his seat representing West Virginia. Manchin praised Elliott's record of creating jobs, lowering crime rates, and revitalizing downtown Wheeling. Manchin announced he would not run for reelection in 2024. Elliott, a lawyer and former legislative assistant to U.S. Sen. Robert Byrd, is running against Marine Corps veteran Zach Shrewsbury and ex-coal executive Don Blankenship for the Democratic nomination. The Democratic nominee will face either Republican Gov. Jim Justice or U.S. Rep. Alex Mooney in the general election. Elliott supports much of what President Joe Biden has done during his administration and believes that Washington often disregards West Virginians. Manchin was first elected to the Senate seat in 2010.
#JoeManchin #GlennElliott #WestVirginia #DemocraticPrimary #SenateSeat #Endorsement
https://abcnews.go.com/Politics/wireStory/race-senate-seat-joe-manchin-endorses-west-virginia-109487952
Modi is accused of using hate speech for calling Muslims 'infiltrators' at an Indian election rally
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India's main opposition party, the Congress party, has accused Prime Minister Narendra Modi of using hate speech after he called Muslims 'infiltrators' at a campaign rally in the state of Rajasthan. The remarks drew criticism for peddling anti-Muslim tropes, and the Congress party filed a complaint with the Election Commission of India, alleging that Modi broke rules that bar candidates from aggravating religious tensions. Critics argue that India's tradition of diversity and secularism has come under attack since Modi's Bharatiya Janata Party (BJP) came to power, accusing the party of fostering religious intolerance and violence. The BJP denies these accusations and claims that its policies benefit all Indians. The election results are expected to be announced on June 4. Modi's comments referred to a 2006 statement by then-Prime Minister Manmohan Singh of the Congress party, in which Singh said that India's disadvantaged groups, including the Muslim minority, deserved to share in the country's development equally. The Congress party also accused Modi and the BJP of repeatedly using religion and religious symbols in their election campaign, and called for action from the election commission. Modi's BJP has previously referred to Muslims as infiltrators and has made laws restricting interfaith marriage. Critics argue that Modi's silence on hate speech has emboldened his extreme supporters and enabled more hate speech against Muslims.
#India #NarendraModi #Muslims #HateSpeech #ElectionRally #CongressParty #Bjp #ReligiousTensions
https://abcnews.go.com/International/wireStory/indian-opposition-accuses-modi-hate-speech-after-calls-109522276
Pennsylvania's primary will cement Casey, McCormick as nominees in a battleground US Senate race
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Pennsylvania's primaries will determine the nominees for the high-stakes U.S. Senate race between Democratic Sen. Bob Casey and Republican challenger David McCormick. The race is expected to cost hundreds of millions of dollars and could help decide control of the Senate next year. Casey, seeking his fourth term, is a prominent figure in Pennsylvania's Democratic Party, while McCormick is a former hedge fund CEO who narrowly lost in the 2022 GOP primary. McCormick has consolidated party support and is backed by a super PAC that has raised over $20 million. The candidates have different positions on issues such as abortion rights, immigration, and national security. Democrats currently hold a narrow Senate majority and face a challenging 2024 Senate map. Pennsylvania's primary will also decide nominees for other statewide offices and congressional seats.
#Pennsylvania #Primary #UsSenateRace #BobCasey #DavidMccormick #DemocraticParty #RepublicanParty #SuperPac #AbortionRights #Immigration #NationalSecurity #SenateMajority #CongressionalSeats
https://abcnews.go.com/Politics/wireStory/pennsylvanias-primary-cement-casey-mccormick-nominees-battleground-us-109520195
Congress gets closer to forcing TikTok to be sold or face US ban: What's next
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The House of Representatives passed a $95 billion foreign aid package that includes legislation to force a sale of TikTok by its Chinese parent company, ByteDance. If the measure becomes law and the sale doesn't occur within a year, the app would be banned in the US. The Senate plans to take up the foreign aid package next week. TikTok has defended its data management and says it is not owned or controlled by any government or state entity. The TikTok measure could still be stripped out of the foreign aid legislation in the Senate. China has indicated it would oppose a forced sale of the app's technology. Many TikTokers oppose the legislation and have held demonstrations and signed open letters to President Joe Biden.
#Tiktok #UsBan #ForcedSale #Bytedance #DataManagement #ChineseGovernment
https://abcnews.go.com/Politics/tiktok-ban-senate-pass-legislation/story?id=109476142
Biden avoids a further Mideast spiral as Israel and Iran show restraint. But for how long?
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Israel and Iran have shown restraint, avoiding further escalation in the Middle East. President Joe Biden urged Israel to temper its response to Iran's attack and avoid violence. Iran's public response to Israeli strikes was muted. Biden's handling of foreign affairs has received negative appraisals from voters. Concerns about foreign policy issues are growing among Americans. Biden's approval ratings dropped after the withdrawal of U.S. troops from Afghanistan. The situation remains delicate as Israel and Hamas are far from reaching an agreement on a cease-fire. The Biden administration is holding Israel accountable while trying to provide humanitarian relief to Gaza. The future remains complicated and uncertain.
#Israel #Iran #MiddleEast #JoeBiden #ForeignPolicy
https://abcnews.go.com/US/wireStory/biden-avoids-mideast-spiral-israel-iran-show-restraint-109460599
Rep. Mike McCaul, Rep. Ro Khanna and Retired Justice Stephen Breyer Sunday On ‘This Week’ with Co-Anchor Jonathan Karl
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Rep. Mike McCaul, Rep. Ro Khanna, and Retired Justice Stephen Breyer will appear on 'This Week' with co-anchor Jonathan Karl. The episode will air on Sunday, April 21, 2024. Rep. Mike McCaul is the Foreign Affairs Committee Chair. Rep. Ro Khanna is also a guest. Retired Justice Stephen Breyer, author of 'Reading the Constitution: Why I Chose Pragmatism, Not Textualism,' will also be featured. The episode will include a segment on efforts to mobilize environmentally conscious voters in battleground Pennsylvania ahead of the 2024 election. The episode will also feature Donna Brazile, Reince Priebus, and Rachael Bade as part of the Powerhouse Roundtable. The show can be followed on Facebook and Twitter.
https://abcnews.go.com/Politics/rep-mike-mccaul-rep-ro-khanna-retired-justice/story?id=109436698
Congressional party leaders reach 'consensus' on aid to Israel and Ukraine, Schumer says
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During a call between President Joe Biden and congressional leaders, there was 'consensus' that Congress needs to act quickly to send aid to both Israel and Ukraine. Israeli Prime Minister Benjamin Netanyahu and the country's war cabinet have met several times since Iran's attack, and at least two retaliatory strikes against Iran were previously aborted. Israel launched missiles in a retaliatory strike against Iran, following Iran's attack where the country sent a volley of more than 300 uncrewed drones and missiles toward targets throughout Israel. Israel's Iron Dome defense system intercepted 99% of the threats launched by Iran. Flights to Tehran, Isfahan, and Shiraz have been suspended after an explosion was heard in the city of Qahjavaristan. Israeli missiles have hit a site in Iran, but it is unclear if Syria and Iraq sites were hit as well. US officials expressed concerns over the Israeli military's plans for an operation in Rafah in Gaza. Israel has made significant progress in preparations for the evacuation of around 1 million civilians from Rafah ahead of the impending operation. Senate Majority Leader Chuck Schumer said there was 'consensus' that Congress needs to act quickly to send aid to both Israel and Ukraine.
#Israel #Ukraine #Aid #Congress #Iran #RetaliatoryStrikes #IronDome #Explosion #Rafah #Evacuations
https://abcnews.go.com/International/live-updates/israel-gaza-hamas-war/congressional-party-leaders-reach-consensus-on-aid-to-israel-and-ukraine-schumer-says-109222982?id=108860743
Israel-Gaza live updates: Israel retaliates against Iran, US official says
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Israel had planned and then aborted at least two retaliatory strikes against Iran this week. Israel launched missiles in a retaliatory strike against Iran. Iran launched 170 unmanned aerial vehicles (UAVs), more than 120 ballistic missiles, and more than 30 cruise missiles in the attack on Israel. Flights to Tehran, Isfahan, and Shiraz have been suspended following reports of an explosion in Qahjavaristan, Iran. Israeli missiles have hit a site in Iran. In a meeting between U.S. and Israeli officials, the two sides discussed the attack by Iran and the Israeli military's plans for an operation in Rafah in Gaza. Israel has made significant progress in preparations for the evacuation of around 1 million civilians from Rafah ahead of the Israeli military's impending operation in the southern Gaza city.
#Israel #Gaza #Iran #Retaliation #Missiles #Attack #Evacuation
https://abcnews.go.com/International/live-updates/israel-gaza-hamas-war/?id=108860743
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
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European Union leaders are debating a new 'European Competitiveness Deal' aimed at helping the 27-nation bloc close the gap with Chinese and American rivals. The EU's share of the world's largest economies has diminished over the past 30 years, and the region is feeling pressure from U.S. and Chinese efforts to support domestic production through subsidies and tax breaks. The proposal includes an EU-wide effort to subsidize industrial companies in response to U.S. subsidies for environmentally friendly technology and China's subsidies for electric cars and solar panels. The former president of the European Central Bank, Mario Draghi, said the EU lacks a clear strategy to answer the challenges proposed by Chinese and American rivals in key industries. The report also calls for better integrating the bloc's financial markets and increasing the capacities of the European Investment Bank to invest in strategic sectors. EU rules restrict member governments' aid to companies to avoid distorting business competition across the 27-member union's free trade zone. The proposal suggests requiring countries to use a chunk of such aid for EU-wide projects instead of purely national ones.
#Eu #Competitiveness #China #Us #Subsidies #Investment #RenewableEnergy #GreenTechnology #FinancialMarkets #EuropeanInvestmentBank
https://abcnews.go.com/Business/wireStory/time-waste-eu-leaders-boost-competitiveness-close-gap-109375044
Stock market today: Asian shares track Wall Street slump triggered by strong US spending data
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Asian shares skidded following a slump on Wall Street after higher yields in the U.S. bond market cranked up pressure on stocks. The Shanghai Composite index lost 1.7% to 3,007.07. The Hang Seng in Hong Kong lost 2.1% to 16,248.97. Tokyo's Nikkei 225 fell 1.9% to 38,471.20. Taiwan's Taiex led the regional decline, falling 2.7%. In South Korea, the Kospi declined 2.3% to 2,609.63, while Australia's S&P/ASX 200 fell 1.8% to 7,612.50. On Monday, the S&P 500 tumbled 1.2% to 5,061.82, following up on its 1.6% loss from last week. The Dow Jones Industrial Average dropped 0.7% to 37,735.11, and the Nasdaq composite slumped 1.8% to 15,885.02. The slump was triggered by strong US spending data, which raised hopes for growing profits at companies but also hurt prospects for easier interest rates from the Federal Reserve. Traders are now broadly forecasting just one or two cuts to rates this year, down from expectations for six or more cuts at the start of this year. High interest rates and bond yields hurt prices for all kinds of investments, particularly those that look expensive or those that compete for the same kinds of investors as bonds do. Big Tech stocks like Apple, Nvidia, and Microsoft felt pressure when yields are rising. In the oil market, a barrel of U.S. crude for May delivery slipped 10 cents to $85.31 per barrel. Brent crude, the international standard, shed 8 cents to $90.02 per barrel.
#StockMarket #AsianShares #WallStreet #UsSpendingData
https://abcnews.go.com/US/wireStory/stock-market-today-asian-shares-track-wall-street-109293273
'Traumatizing': Family calls for justice after teen holding toy gun shot by Akron police officer
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The family of a 15-year-old named Tavion Koonce-Williams is calling for justice and accountability after he was shot by an Akron, Ohio, police officer while holding a toy gun. The incident occurred on April 1, 2024, and the teenager was treated for his injuries. The Ohio Bureau of Criminal Investigation is currently investigating the incident. The family held a press conference where they demanded accountability from the Akron Police Department and compared the incident to the case of Tamir Rice, a 12-year-old who was shot and killed by a Cleveland police officer in 2014 while holding a toy gun. Body camera footage released by the city of Akron shows the officer, identified as Ryan Westlake, arriving on the scene and shooting the teen in the wrist. The officer has been placed on paid administrative leave. The Akron Police Department released Westlake's personnel file, which revealed previous disciplinary actions and use of force incidents. The family's attorney called for Westlake's termination and the release of his complete personnel file. The Akron Fraternal Order of Police expressed confidence that the officer's actions would be deemed justified once all the facts are released. The investigation is being conducted by the Ohio Bureau of Criminal Investigation and the findings will be turned over to the Ohio Attorney General's Office for review.
#PoliceShooting #Akron #ToyGun #Investigation #PressConference
https://abcnews.go.com/US/traumatizing-family-calls-justice-after-teen-holding-toy/story?id=109162027
How immigrant workers in US have helped boost job growth and stave off a recession
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Millions of jobs that new immigrants have been filling in the United States appear to solve a riddle that has confounded economists for at least a year: How has the U.S. economy managed to prosper, adding hundreds of thousands of jobs, month after month, at a time when the Federal Reserve has aggressively raised interest rates to fight inflation — normally a recipe for a recession? The influx of foreign-born adults vastly raised the supply of available workers after a U.S. labor shortage had left many companies unable to fill jobs. More workers filling more jobs and spending more money has helped drive economic growth and create still-more job openings. The availability of immigrant workers eased the pressure on companies to sharply raise wages and to then pass on their higher labor costs to their customers via higher prices that feed inflation. The boom in immigration caught almost everyone by surprise. In 2019, the Congressional Budget Office had estimated that net immigration — arrivals minus departures — would equal about 1 million in 2023. The actual number, the CBO said in a January update, was more than triple that estimate: 3.3 million. Over the past four years, the number of prime-age workers who either have a job or are looking for one has surged by 2.8 million. And nearly all those new labor force entrants — 2.7 million, or 96% of them — were born outside the United States. Immigrants last year accounted for a record 18.6% of the labor force, according to the Economic Policy Institute’s analysis of government data. A study by Wendy Edelberg and Tara Watson, economists at the Brookings Institution’s Hamilton Project, has concluded that over the past two years, new immigrants raised the economy’s supply of workers and allowed the United States to generate jobs without overheating and accelerating inflation. Critics counter that a surge in immigration can force down pay, particularly for low-income workers, a category that often includes immigrants who have lived in the United States longer. Ernie Tedeschi, a visiting fellow at Georgetown University's Psaros Center and a former Biden economic adviser, calculates that the burst of immigration has accounted for about a fifth of the economy's growth over the past four years.
https://abcnews.go.com/Business/wireStory/healthy-us-economys-secret-ingredient-immigrant-workers-eager-109158924
Biden praises Prime Minister Kishida's leadership and Japan's growing international clout
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President Joe Biden praised Prime Minister Fumio Kishida's "bold" leadership on a series of global crises as he welcomed the Japanese leader to the White House. The visit included discussions on the security situation in the Pacific, the war in Ukraine, the Israel-Hamas conflict, and more. The visit marks the completion of the Democratic administration's focus on elevating the Quad partnership between the U.S., Japan, Australia, and India. Biden emphasized the unbreakable alliance between Japan and the United States and Japan's growing international influence. Kishida announced that Japan is giving 250 cherry trees to the U.S. to mark America's 250th birthday in 2026. Both Biden and Kishida are facing political challenges at home. The leaders announced plans to upgrade U.S.-Japan military relations, focusing on improving interoperability and planning between the two countries' forces. They also confirmed Japan's participation in NASA's Artemis moon program and its contribution of a moon rover. Biden praised Japan's increase in defense spending and its support in the aftermath of Russia's invasion of Ukraine. The leaders expressed openness to direct talks between Japan and North Korea over the abduction of Japanese citizens. Kishida will participate in a U.S.-Japan-Philippines summit to discuss China's aggressive actions in the region.
#JoeBiden #FumioKishida #Japan #Quad #Security #Ukraine #IsraelhamasConflict #CherryTrees #UsjapanMilitaryRelations #Nasa #ArtemisMoonProgram #NorthKorea #China #Philippines
https://abcnews.go.com/US/wireStory/biden-honor-pm-kishida-reflect-japans-growing-clout-109074159
US consumer sentiment falls slightly as outlook for inflation worsens
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The University of Michigan's consumer sentiment index fell to 77.9 this month, down from March's figure of 79.4. Americans' outlook on the economy remains largely unchanged this year. The decline in sentiment may be due to an increase in gas prices, which have risen about 7% in the past month. Consumers expect inflation to be 3.1% a year from now, exceeding the Federal Reserve's 2% target but still below the current level of 3.5%.
#UsEconomy #ConsumerSentiment #Inflation #GasPrices
https://abcnews.go.com/US/wireStory/us-consumer-sentiment-falls-slightly-outlook-inflation-worsens-109164475
China's exports tumble 7.5% in March and imports also fall as demand slows
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China's exports contracted 7.5% in March, while imports slipped 1.9%. In the January-February period, exports rose 7.1% year-on-year while imports climbed 3.5%. China posted a trade surplus of $58.55 billion in March. The decline in exports partly reflected a higher base of comparison with March 2023. Weakness in exports would be a further drag on growth. Export volumes are expected to rise more slowly this year, while imports are expected to gain momentum. China has set a target of around 5% for economic growth this year. The latest data belie worries that China might ramp up its exports to help meet its growth target. Exporters have been slashing prices to increase their sales abroad. Consumer prices grew only 0.1% in March while producer prices declined 2.8%, suggesting weakness in demand relative to supply.
#China #Exports #Imports #Demand #EconomicGrowth
https://abcnews.go.com/International/wireStory/chinas-exports-tumble-75-march-imports-fall-demand-109157985
Consumers would be notified of AI-generated content under Pennsylvania bill
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Pennsylvania state representatives have approved a bill requiring that consumers be notified when artificial intelligence is used to generate content. The bill would change the state's Unfair Trade Practices and Consumer Protection Law to require "clear and conspicuous disclosure" when artificial intelligence has been used to create written text, images, audio or video. Violators would have to knowingly or recklessly post AI content. Another provision of the bill prohibits defendants from arguing that child sexual abuse material created by artificial intelligence isn't illegal under criminal laws. Public disclosure of AI’s use is an emerging theme across hundreds of state bills in U.S. legislatures that seek to regulate the new technology.
#Ai #Pennsylvania #Legislation
https://abcnews.go.com/US/wireStory/consumers-notified-ai-generated-content-pennsylvania-bill-109102998
A look into the long history of the Israeli-Palestinian conflict
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The Israeli-Palestinian conflict has a long history dating back to the early 1900s. In 1917, the Balfour Declaration promised a 'national home' for Jewish populations in Palestine. The region was placed under British rule after World War I, leading to clashes between Palestinian Arabs and Jewish migrants. In 1947, the United Nations adopted a resolution to partition Palestine into two states, leading to the creation of Israel in 1948 and the displacement of Palestinians. The Six-Day War in 1967 resulted in Israel capturing Palestinian territories. In 1987, the first Palestinian uprising occurred, followed by a second uprising in 2000. Israel disengaged from the Gaza Strip in 2005, leading to Hamas taking control. The ongoing conflict has resulted in thousands of deaths and has led to humanitarian concerns in Gaza. In 2023, Hamas launched a surprise attack on Israel, resulting in a bombing campaign and siege of Gaza.
#IsraelipalestinianConflict #History #BalfourDeclaration #Partition #SixdayWar #Uprising #GazaStrip #Hamas
https://abcnews.go.com/International/timeline-long-history-israeli-palestinian-conflict/story?id=103875134
A look into the long history of the Israeli-Palestinian conflict
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The Israeli-Palestinian conflict has a long history dating back to the early 1900s. In 1917, the Balfour Declaration promised a 'national home' for Jewish populations in Palestine. The region was placed under British rule after World War I, leading to clashes between Palestinian Arabs and Jewish migrants. In 1947, the United Nations adopted a resolution to partition Palestine into two states, leading to the creation of Israel in 1948 and the displacement of Palestinians. The Six-Day War in 1967 resulted in Israel capturing Palestinian territories. In 1987, the first Palestinian uprising occurred, followed by a second uprising in 2000. Israel disengaged from the Gaza Strip in 2005, leading to Hamas taking control. The ongoing conflict has resulted in thousands of deaths and has led to humanitarian concerns in Gaza. In 2023, Hamas launched a surprise attack on Israel, resulting in a bombing campaign and siege of Gaza.
#IsraelipalestinianConflict #History #BalfourDeclaration #Partition #SixdayWar #Uprising #GazaStrip #Hamas
https://abcnews.go.com/International/timeline-long-history-israeli-palestinian-conflict/story?id=103875134
At a rally for freeing the Israeli hostages, a call for peace in Israel and Gaza: Reporter's notebook
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The article discusses the ongoing hostage crisis in Israel and Gaza, six months into the Israel-Hamas war. It mentions that more than 200 Israelis were presumed to have been taken captive in Gaza after a terror attack by Hamas in Israel on October 7, 2023. So far, 112 hostages have been released, leaving an estimated 131 hostages remaining in Gaza. The article covers various rallies and protests calling for the release of the hostages and a ceasefire in Gaza. It highlights the concern within the American Jewish community for the hostages and the calls for peace in Gaza. One speaker at a rally called for American political pressure on the Israeli government to accept a proposed hostage release and ceasefire deal. The speaker also emphasized the need to ease the hunger and suffering in Gaza. The article concludes by mentioning the dire situation in Gaza and the ongoing war between Israel and Hamas.
#Israel #Gaza #HostageCrisis #Peace #Rally
https://abcnews.go.com/International/rally-freeing-israeli-hostages-call-peace-israel-gaza/story?id=109036235
Internet providers must now be more transparent about fees, pricing, FCC says
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New FCC rules require internet providers to be transparent about the cost and performance of their internet service packages. The rules, similar to nutritional labels on products, will provide easy-to-understand information about pricing, data allowances, speeds, and fees. The labels will be required to appear at any point of sale, including online and in stores. The Biden administration has been cracking down on 'junk fees' across industries. Providers that do not comply with the rules may face consumer complaints filed with the FCC. Some providers with less than 100,000 subscribers have until October 10, 2024, to comply.
#Fcc #InternetServiceProviders #Transparency #Pricing #Fees
https://abcnews.go.com/Technology/wireStory/internet-providers-now-transparent-fees-pricing-fcc-109073894
Some states are seeking to restrict TikTok. That doesn't mean their governors aren't using it
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Efforts to ban TikTok from government devices have picked up steam in the past year in state legislatures and Congress even as politicians continue to use it to connect with and expand their base. Pennsylvania Gov. Josh Shapiro, a Democrat, is a prolific TikTok poster, with his efforts beginning on the campaign trail through a personal account. Other governors use TikTok accounts — among verified accounts, only Democrats — even in states that have banned the app from state devices and networks. TikTok is part of the government's outreach strategy to reach the youth vote. The app was banned in Michigan from government devices, but Democratic Gov. Gretchen Whitmer has an exemption for her promotional account. In New Jersey, a government-affiliated app posts jokes and memes. TikTok is seen as a personal and engaging way for politicians to connect with voters. Researchers found over 100 TikTok accounts for those running for Congress in 2022, with a majority being Democrats.
#Tiktok #GovernmentDevices #StateLegislatures #Governors #YouthVote
https://abcnews.go.com/US/wireStory/states-seeking-restrict-tiktok-governors-108921050
Yellen says US-China relationship on 'more stable footing' but more can be done to improve ties
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U.S. Treasury Secretary Janet Yellen met with Chinese Premier Li Qiang and highlighted the improvement in relations since her visit to China last year. Yellen stated that while more needs to be done, the bilateral relationship has been put on a more stable footing. The U.S. has restricted China's access to advanced technology, citing concerns about military use, while China accuses the U.S. of trying to constrain its economic development. Yellen's visit aims to build on the fragile stability that has been established. The U.S. and China agreed to hold intensive exchanges on more balanced economic growth and combating money laundering. Yellen also addressed the U.S. relationship with China on the subject of Russia, stating that there has been meaningful progress in cooperation. Yellen also met with Beijing Mayor Yin Yong and emphasized the critical role of local governments in China's economy.
https://abcnews.go.com/International/wireStory/yellen-us-china-relationship-stable-footing-improve-ties-108953483
In war-torn Ukraine, officials and businesses voice concern about job vacancies
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Ukraine is facing a shortage of workers as it aims to mobilize up to 500,000 troops in the war against Russia. The government needs to find three million taxpayers to support the troops. Businesses are struggling to find a workforce, with a shortage of qualified specialists and a significant number of employees leaving the country or being called up for mobilization. Ukraine needs at least 4.5 million workers, with the biggest deficits in defense industries, construction, medical services, agriculture, and retail. The Silpo supermarket chain has faced challenges in finding employees in front-line cities due to Russian missile strikes. The company has implemented a support center for employees and changed its training programs to adapt to the situation. Small businesses are also struggling to find people for vocational jobs. The unemployment rate in Ukraine remains at the pre-war level, but some professions are not in high demand or offer lower salaries. Despite the challenges, businesses in Ukraine remain optimistic about their future and are investing in reconstruction and development. The government aims to stimulate Ukrainians to return home from abroad but has not yet implemented a comprehensive program for bringing them back.
#Ukraine #JobVacancies #Workforce #Mobilization #Businesses #Silpo #Unemployment
https://abcnews.go.com/International/war-torn-ukraine-officials-businesses-voice-concern-job/story?id=108834995
Joe Brennan, Democratic former governor of Maine and US congressman, dies at 89
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Joe Brennan, a Democratic former governor of Maine and US congressman, died at the age of 89. Brennan, who served two terms as governor and two terms in the US House, passed away at his home in Portland, Maine. He grew up in a working-class neighborhood and entered politics at age 29. Brennan was an Army veteran, attended Boston College and the University of Maine Law School, and served as a county district attorney and state attorney general. He played a role in negotiating the Maine Indian Land Claims Settlement Act of 1980 and implemented education reforms as governor. Brennan appointed Janet Mills as the first woman to serve as district attorney, who later became Maine's first female governor. He also appointed George Mitchell, who went on to become majority leader in the Senate. Brennan was remembered as a man of integrity and a dedicated public servant.
#JoeBrennan #Maine #UsCongressman #Governor #Death
https://abcnews.go.com/US/wireStory/joe-brennan-democratic-former-governor-maine-us-congressman-108947603
Beneath the calm, Hong Kong's new security law drives deeper, quieter changes
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Life in Hong Kong appears unchanged on the surface after the new national security law took effect. However, there is a deeper wave of adaptation among residents who are living under the threat of more extensive restrictions. The law has led to an increase in inquiries about emigration, with more than half of those asking citing the new ordinance as a reason. Many pro-democracy activists have been arrested, silenced, or forced into exile since the 2020 law was imposed. Civil society groups have been disbanded and outspoken media outlets have been shut down. The law targets colluding with external forces, unlawful disclosure of state secrets, sabotage, and espionage. Sedition offenses carry a sentence of up to seven years, or 10 years if working with foreign governments or organizations. The law has prompted adjustments in the legal and business communities, with some companies restricting access to global databases and reviewing whether sensitive roles should be moved elsewhere. Hong Kong's government defends the law, stating that it improves the city's legal framework for safeguarding national security. However, critics argue that it infringes on freedom of speech and press freedom. Residents are adopting coping strategies seen on mainland China, avoiding voicing opinions that might get them in trouble. The U.S.-funded news outlet Radio Free Asia has closed its Hong Kong bureau due to safety concerns under the new legislation. Overall, there is a desire among some residents to move on from the topic of national security and focus more on the real economy and business.
#HongKong #NationalSecurityLaw #Protests #FreedomOfSpeech #PressFreedom #Emigration
https://abcnews.go.com/International/wireStory/beneath-calm-hong-kongs-new-security-law-drives-108913809
Biden to visit site of Baltimore's Francis Key Scott Bridge collapse
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President Joe Biden will visit the site of the Francis Scott Key Bridge collapse in Baltimore on Friday to meet with officials and get an "on-the-ground look at federal response efforts." Biden will meet with the loved ones of the six workers killed during the bridge collapse. The container ship Dali struck the Francis Scott Key Bridge on March 26, partially collapsing the bridge. Six construction workers are believed to have fallen from the collapsing bridge into the frigid waters of the Patapsco River. Two bodies have been recovered, while four remain unaccounted for and are presumed dead. Biden will be joined by Maryland Gov. Wes Moore, Transportation Secretary Pete Buttigieg, and other Baltimore officials during his trip. The White House has approved $60 million in emergency funding for Baltimore's rebuilding efforts. The Francis Scott Key Bridge has an annual traffic volume of 11.3 million vehicles. The crash appeared to be accidental, not intentional. The Singaporean company that operates the ship should have "limited liability" in the aftermath of the crash, according to lawyers representing the company.
#JoeBiden #FrancisScottKeyBridge #Baltimore #BridgeCollapse #EmergencyFunding
https://abcnews.go.com/Politics/biden-visit-site-baltimore-francis-key-scott-bridge-collapse/story?id=108853313
Biden to visit site of Baltimore's Francis Key Scott Bridge collapse
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President Joe Biden will visit the site of the Francis Scott Key Bridge collapse in Baltimore on Friday to meet with officials and get an "on-the-ground look at federal response efforts." Biden will meet with the loved ones of the six workers killed during the bridge collapse. The container ship Dali struck the Francis Scott Key Bridge on March 26, partially collapsing the bridge. Six construction workers are believed to have fallen from the collapsing bridge into the frigid waters of the Patapsco River. Two bodies have been recovered, while four remain unaccounted for and are presumed dead. Biden will be joined by Maryland Gov. Wes Moore, Transportation Secretary Pete Buttigieg, and other Baltimore officials during his trip. The White House has approved $60 million in emergency funding for Baltimore's rebuilding efforts. The Francis Scott Key Bridge has an annual traffic volume of 11.3 million vehicles. The crash appeared to be accidental, not intentional. The Singaporean company that operates the ship should have "limited liability" in the aftermath of the crash, according to lawyers representing the company.
#JoeBiden #FrancisScottKeyBridge #Baltimore #BridgeCollapse #EmergencyFunding
https://abcnews.go.com/Politics/biden-visit-site-baltimore-francis-key-scott-bridge-collapse/story?id=108853313
Cosmic yoga, portable toilets: Solar eclipse will deliver 'tourism boom' for economy
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The total solar eclipse set to take place on April 8, 2024, is expected to generate a surge of spending to the tune of at least hundreds of millions of dollars. As many as four million people will travel to the path of totality for the eclipse, making it the largest travel day of the year. Travelers will mainly spend money on gas, lodging, and food, generating between $372 million and $1.5 billion in economic activity. The eclipse is expected to bring more than $24 million in spending to Maine and more than $600 million to Texas. Arkansas could see nearly $50 million in economic activity. The economic benefits will be limited by the lodging and restaurant capacity of the regions involved. Portable toilet vendors are experiencing high demand, with one company in Indiana renting out 200 portable toilets on the day of the eclipse.
#SolarEclipse #Tourism #Economy #Travel #Spending
https://abcnews.go.com/Business/cosmic-yoga-portable-toilets-solar-eclipse-deliver-tourism/story?id=108756150
Powell: Fed still sees rate cuts this year; election timing won't affect decision
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Federal Reserve officials, including Chair Jerome Powell, plan to reduce the benchmark interest rate later this year despite recent reports of a strong US economy and increased inflation. Powell stated that the recent data does not significantly change the overall picture of solid growth, a strong labor market, and inflation moving towards 2%. Most Fed officials see it as likely to be appropriate to start cutting rates at some point this year. Powell also emphasized that the Fed's interest-rate decisions will not be affected by the timing of the presidential election. The recent pickup in inflation has led some economists to postpone their projections for rate cuts, but many economists predict that the first rate cut won't come until July or later. Powell noted that the Fed is intended to be fully independent of politics and make monetary policy decisions without consideration of short-term political matters. The Fed's goal is to slow inflation to its 2% target, but the strength of the economy, particularly solid consumer spending, could make it harder to achieve this goal. Fed officials forecasted that they could cut the benchmark rate three times this year, but nearly half of the policymakers expect two or fewer rate cuts.
#FederalReserve #InterestRates #UsEconomy #Inflation #JeromePowell
https://abcnews.go.com/Politics/wireStory/powell-fed-sees-rate-cuts-year-election-timing-108806298
Crews carefully start removing first piece of twisted steel from collapsed Baltimore bridge
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Teams of engineers are working on removing the first section of twisted steel from the collapsed Francis Scott Key Bridge in Baltimore; The bridge collapsed into the Patapsco River after a cargo ship crashed into one of its supports; Cranes and cutting torches are being used to cut and lift the steel beams; The steel will be lifted onto a barge and floated away; The process is complicated and will affect the timeline for reopening the ship channel and the blocked Port of Baltimore; Four workers are still missing and presumed dead; The ship involved in the collision is managed by Synergy Marine Group and owned by Grace Ocean Private Ltd., chartered by Maersk; The cause of the collision is still under investigation; The Environmental Protection Agency has not detected any active releases or hazardous materials in the water; The bridge will be rebuilt, with the federal government covering the full cost; The closure of the port and the loss of the bridge will have economic impacts on dockworkers, commuters, and U.S. consumers; The port handles the most cars and farm equipment in the U.S.
#Baltimore #BridgeCollapse #FrancisScottKeyBridge #PatapscoRiver #CargoShip #Engineers #SteelBeams #Cranes #Tugboats #SalvageVessels
https://abcnews.go.com/Business/wireStory/collapsed-baltimore-bridge-focus-shifts-weighty-job-removing-108680197
Crews at Baltimore bridge collapse continue meticulous work of removing twisted steel and concrete
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Crews are continuing the meticulous operation of removing the steel and concrete from the fallen Francis Scott Key Bridge in Baltimore. Divers are assisting in the process, surveying parts of the bridge underwater and checking on the ship to ensure it can be safely floated away once the wreckage is lifted. The bridge collapsed on Tuesday, resulting in the presumed deaths of six workers. Two workers survived, two bodies were found in a submerged pickup, and four more men are presumed dead. The salvage crews are lifting each part of the bridge onto a barge and floating it downstream to be inspected. The removal of the debris and reopening of the ship channel and the blocked Port of Baltimore will depend on the progress of the salvage operation. The cause of the bridge collapse is under investigation by the National Transportation Safety Board. The cargo ship Dali, which caused the collapse, remains tangled in debris. The port is also considering aid packages to help those affected by the closure. The Small Business Administration will open a center to help small businesses get loans to recover from the bridge collapse.
#Baltimore #BridgeCollapse #SalvageOperation #Investigation #PortOfBaltimore
https://abcnews.go.com/US/wireStory/crews-baltimore-bridge-collapse-continue-meticulous-work-removing-108694681
As cranes arrive at Baltimore bridge collapse site, governor describes daunting task of cleaning up
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A crane that can lift 1,000 tons has appeared near the site of a collapsed highway bridge in Baltimore as crews prepare to begin clearing wreckage; Maryland Gov. Wes Moore called the Francis Scott Key Bridge's collapse following a freighter collision an “economic catastrophe" and described the challenges ahead for recovering the workers' bodies and clearing tons of debris to reopen the Port of Baltimore; The broken pieces of the bridge weigh as much as 4,000 tons, Moore said, and teams will need to cut into the steel trusses before they can be lifted from the Patapsco River; Equipment on hand will include seven floating cranes, 10 tugboats, nine barges, eight salvage vessels and five Coast Guard boats, Moore said; Water conditions have prevented divers from entering the river, Moore said; The victims of the collapse were from Guatemala, Honduras, and El Salvador, officials said; President Joe Biden's administration has approved $60 million in immediate aid, and Biden has said the federal government will pay the full cost of rebuilding the bridge, which carried Interstate 695.
#Baltimore #BridgeCollapse #Cleanup #Cranes #Maryland #PortOfBaltimore
https://abcnews.go.com/Business/wireStory/cranes-arriving-start-removing-wreckage-deadly-baltimore-bridge-108640950
Murder trial of Chad Daybell, husband of 'doomsday' mom Lori Vallow, set to begin
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Chad Daybell, the husband of Lori Vallow, is set to go on trial for the murders of his wife's two children, Joshua 'J.J.' Vallow, 7, and Tylee Ryan, 16. The trial is scheduled to start on Monday in Ada County with jury selection and is expected to last around nine weeks. Daybell was charged with three counts of murder and faces the death sentence if convicted. Daybell's case will be presided over by the same judge in Vallow's trial, Judge Steve Boyce, who sentenced Vallow to life in prison without parole for the murders of the two children. Vallow and Daybell were also charged with conspiracy to commit murder in the death of Chad Daybell's former wife, Tamara Daybell. Vallow was found guilty of all charges in her trial. Daybell pleaded not guilty to his charges and his attorney stated that he is ready to tell his story. It is unclear if Vallow will testify at Daybell's trial. Both Vallow and Daybell adhered to a doomsday ideology and were charged with conspiracy to commit murder. Vallow's fourth husband, Charles Vallow, was shot and killed by her brother, Alex Cox, in 2019. Vallow also faces charges alleging she killed Charles Vallow and plotted to kill the ex-husband of her niece.
#ChadDaybell #LoriVallow #MurderTrial #Doomsday #Children #JurySelection #DeathSentence #ConspiracyToCommitMurder #TamaraDaybell #NotGuilty #Testify #DoomsdayIdeology #CharlesVallow #AlexCox
https://abcnews.go.com/US/chad-daybell-husband-lori-vallow-murder-trial/story?id=108683350
Debt, trade barriers and uncertainty will drag on Asian economies in 2024, World Bank report says
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Asian economies are forecasted to slow to 4.5% growth in 2024 from 5.1% in 2023 due to debt, trade barriers, and policy uncertainties, according to a World Bank report. The report highlights the need for governments to address long-term problems such as weak social safety nets and underinvestment in education. The region's economies are growing slower than before the pandemic but faster than other parts of the world. The rebound in global trade and easing financial conditions will help offset weaker growth. The report also points out that leading firms in the region are not playing their expected role. Key risks include higher interest rates and trade-distorting measures imposed by major economies. China's growth is expected to slow to 4.5% as it transitions to a more balanced growth path. The report emphasizes the need for efficient policies, stronger social welfare, and increased investment in education. The report also highlights lagging improvements in productivity and the need for more competition and investment in education. Vietnam, despite being a favored destination for foreign investment, is growing at a rate below its potential. The report concludes that the region could achieve better results with improved productivity and greater efficiency.
#AsianEconomies #WorldBank #Debt #TradeBarriers #Uncertainty #GrowthForecast
https://abcnews.go.com/Business/wireStory/debt-trade-barriers-uncertainty-drag-asian-economies-2024-108703296
US and UK announce sanctions over China-linked hacks on officials, lawmakers and election watchdog
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The US and UK have announced sanctions against a company and two individuals linked to the Chinese government over cyberattacks targeting officials, lawmakers, and the UK's election watchdog. The hack may have gained access to information on tens of millions of UK voters held by the Electoral Commission. The US Treasury Department sanctioned Wuhan Xiaoruizhi Science and Technology Company Ltd., and named two Chinese nationals, Zhao Guangzong and Ni Gaobin, affiliated with the company. The two individuals were involved in cyberoperations targeting US critical infrastructure sectors. The US Justice Department charged Zhao, Ni, and five other hackers with conspiracy to commit computer intrusions and wire fraud. APT31, the Chinese cyber group involved, has previously been accused of targeting US presidential campaigns and Finland's parliament. British cybersecurity officials said APT31 hackers conducted reconnaissance activity against British parliamentarians critical of Beijing. China's Ministry of Foreign Affairs called for evidence-based claims and said cybersecurity issues should not be politicized. British Prime Minister Rishi Sunak described China as the greatest state-based threat to the UK's economic security.
#Sanctions #Cyberattacks #China #Us #Uk #Elections #Hackers
https://abcnews.go.com/International/wireStory/uk-government-set-link-china-government-affiliated-hackers-108466686
US and UK announce sanctions over China-linked hacks on officials, lawmakers and election watchdog
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The US and UK have announced sanctions against a company and two individuals linked to the Chinese government over cyberattacks targeting officials, lawmakers, and the UK's election watchdog. The hack may have gained access to information on tens of millions of UK voters held by the Electoral Commission. The US Treasury Department sanctioned Wuhan Xiaoruizhi Science and Technology Company Ltd., and named two Chinese nationals, Zhao Guangzong and Ni Gaobin, affiliated with the company. The two individuals were involved in cyberoperations targeting US critical infrastructure sectors. The US Justice Department charged Zhao, Ni, and five other hackers with conspiracy to commit computer intrusions and wire fraud. APT31, the Chinese cyber group involved, has previously been accused of targeting US presidential campaigns and Finland's parliament. British cybersecurity officials said APT31 hackers conducted reconnaissance activity against British parliamentarians critical of Beijing. China's Ministry of Foreign Affairs called for evidence-based claims and said cybersecurity issues should not be politicized. British Prime Minister Rishi Sunak described China as the greatest state-based threat to the UK's economic security.
#Sanctions #Cyberattacks #China #Us #Uk #Elections #Hackers
https://abcnews.go.com/International/wireStory/uk-government-set-link-china-government-affiliated-hackers-108466686
Baltimore Key Bridge collapse live updates: Largest crane on Eastern Seaboard to help clear channel
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A cargo ship struck Baltimore's Francis Scott Key Bridge early Tuesday morning, causing a near-total collapse of the span and halting vessel traffic into and out of the Port of Baltimore. Six construction workers are believed to have fallen from the collapsing bridge into the frigid waters of the Patapsco River below. The bodies of two of the victims have been recovered so far, while four remain missing and are presumed dead. Maryland Gov. Wes Moore described the scope of the disaster as a freight nearly the size of the Eiffel Tower with the Key Bridge resting on top of it, and shipping containers ripped in half as if they were papier-maché. President Joe Biden plans to visit Baltimore next week with Maryland Gov. Wes Moore. The Biden administration approved $60 million in emergency relief funds for rebuilding the bridge. The Chesapeake 1000 crane, capable of lifting roughly 2.2 million pounds at a time, arrived at the bridge to help with the recovery efforts. At least one large vehicle is still submerged under the murky Patapsco River, believed to belong to the crew that was working on the bridge at the time of the collapse. Recovery efforts are ongoing to find the missing victims and clear the blocked channel for the reopening of the Port of Baltimore.
#Baltimore #KeyBridge #BridgeCollapse #CargoShip #ConstructionWorkers #PatapscoRiver #PortOfBaltimore #Maryland #WesMoore #JoeBiden #RecoveryEfforts
https://abcnews.go.com/US/live-updates/baltimore-key-bridge-collapse/?id=108500215
Biden fundraiser with Obama, Clinton sees jokes and some protests over war
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Former Presidents Barack Obama and Bill Clinton joined President Joe Biden for a star-studded fundraiser in New York City, raising over $26 million for Biden's re-election. The event featured a conversation moderated by comedian Stephen Colbert and saw interruptions from pro-Palestine protesters. Biden criticized former President Donald Trump and highlighted his achievements as president. The discussion touched on topics such as democracy, foreign policy, and the Israel-Gaza conflict. Obama and Clinton expressed support for a two-state solution and the legitimacy of Palestinian statehood. Clinton also criticized Trump's economic policies. The event included performances by Queen Latifah, Lizzo, and others. The Biden campaign hopes the fundraiser will energize the Democratic Party ahead of the general election.
#Biden #Obama #Clinton #Fundraiser #Protests #War
https://abcnews.go.com/Politics/biden-fundraiser-obama-clinton-sees-jokes-protests-war/story?id=108640851
Boeing CEO Dave Calhoun to step down
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Boeing CEO Dave Calhoun will step down at the end of the year. Calhoun will continue to lead Boeing through the end of 2024. The move comes amid fallout from a high-profile safety failure onboard an Alaska Airlines flight in January. Board Chair Larry Kellner plans to forgo nomination for an additional term. Steve Mollenkopf will immediately take over as Boeing board chair and lead the search for a new chief executive. Calhoun began his tenure in the aftermath of a previous safety scandal involving the grounding of Boeing 737 Max aircraft. The renewed scrutiny over the incident includes an investigation by a federal safety regulator and a criminal investigation by the Department of Justice. Calhoun called on the company to focus on openness and a total commitment to safety and quality. This is a developing story.
#Boeing #DaveCalhoun #Ceo #Resignation #SafetyFailure #AlaskaAirlines #737Max #LarryKellner #SteveMollenkopf
https://abcnews.go.com/Business/boeing-ceo-dave-calhoun-step/story?id=108465621
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