Us an update on preparations for milton from the White House. The ongoing response to Hurricane Helene. Well take you live to the White House minutes away. Welcome to a new hour of americas newsroom, im dana perino. Bill i hate to see that radar, just see that thing churn out there. A big one. Im bill hemmer, good morning at home. The storm really, if you have checked out for a day or so, you missed a major headline. This thing really came out of nowhere Yesterday Morning i would argue between 8 00 a. M. And 11 00 a. M. Eastern time and got cranked up coming off the Yucatan Peninsula In Mexico and now going through the Gulf Of Mexico warm waters. Dana they are warning it could become one of the most destructive hurricanes on record and the state of florida is getting ready to brace for this direct hit as bill was saying. A massive exodus now underway. Millions of residents rushing to evacuate the coast and other lowlying areas with hours left before Miltons Arrival as crews scramble to
Lets start in the us where its been a tumultuous week on the markets following the publication of a series of reports on the state of the Labour Market. On thursday, one of the latest of these reports showed private employers in the us posting their smallest monthly hiring growth since january 2021, with just under 100,000 new positions. On wednesday, government data showed Job Openings dropped to a 3. 5 year low injuly with 7. 67 million vacancies. And later today, all eyes will be on the Monthlyjobs Survey of employers and households. Last month, the Labor Department reported the Unemployment Rate had hit 4. 3 injuly up from 3. 5 a year earlier. This report is one of the most important gauges of the state of The Worlds largest economy and it is coming at a critical time with the president ial campaign under way. So what might be in store . Joining me now is kyle handley, associate professor of economics at the university of california san diego. Every so much apprehension, you just h
If a proposal recognises its stand alone intrinsic value. In other news donald trump has been laying out his economic plans should he become president. Trump repeated calls to cut taxes and regulation and is earmarking a governmentjob for controversial billionaire elon musk. Here is ritika gupta with the latest. The main highlight of donald trump s address was a push to cut the corporate tax rate to 15% for companies that make their products here in the us. This would be a big reduction from the current rate of 21%. A key policy victory from trump s own 2017 tax law set to expire in 2025. Now, while a 15% corporate rate would be a big win for large us companies, it would also contribute to rising deficits. It means big companies would end up paying far lower rates than smaller, privately held businesses, where rates can be as high as 37%. His proposal is in stark contrast to his rival, kamala harris, who has called to raise the corporation tax to 28%. Trump s proposals also include a
They call the process excruciating. Good morning, everyone. Happy friday. We have made it to friday. It has been quite a week. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. The markets are focused on brexit, oil because of opec, and focus on u. S. Stimulus in the u. S. Stocks are holding gains, key data of course out of the u. S. , it is the u. S. Labor market. It is going to give us an indication of whether the economy needs support or not, and Oil Extending Gains after ninemonth high after this opecplus deal. I am looking at the dollar, treasuries pretty much nudging higher. A lot ofve a prett volatility because of brexit do we have a deal, do we not have a deal, have they walked out . It has been pretty unclear so far, talking about lastminute ships come up the british saying it is because of eu demands at the last moment, but it seems like it could be up in the air. Now lets get to the bloomberg first word news. Here is leighann gerrans. Hi, leighann. Leig
Open four hours a day with x number of people. The church i go to only allows 40 of the people to come into the church. It is not shutting down everything. It is calibrating based on what the trend is. Thank you, mr. President elect. Thank you. Thank you, mr. President elect and Vice President elect harris. First, whichr you is, what do make of the fact that the president is having these calls with michigan county officials amid his bid to overturn the election . He is going to be having this again republican legislators at the white house tomorrow. Is anything he is doing aching you rethink your strategy . I know you are saying do not want to have legal action right now. What do you say to immigrant americans who came to the United States looking for political stability and seeing all the things the president is doing . Hang on. I am on my way. Not a joke. What the president is doing now really going to be an other incident where he will go down in history as being one of the most irr