August meltdown, ending the session down 2 . This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The Nasdaq Index closed down by 3 , while the Dowjones Index slipped by 1. 5 . One of the biggest losers on the day was nvidia, The High Flying Artificial Intelligence darling, which raised more than 240 Billion in market value. The Chip Maker shares closed down over 9 . 0ther Semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing Production Data shrank for a fifth month in august. The institute for Supply Management Manufacturing gauge edged up to 47. 2. A reading below 50 indicates contraction. The data reignited concerns around slowing growth within the us economy, which helped drive a Sell Off early last month. The action comes ahead of us governments augustjobs report,
A crucial supreme Court Ruling on Affirmative Action could come tomorrow, as colleges and universities grapple with the possibility that race might no longer be a factor in admissions. The Central Question being decided this time is should Affirmative Action continue forever In The Name Of diversity, and are the gains achieved worth the harms allegedly inflicted on Asian American students . This is the most important civil Rights Case of our era. I dont think its an overstatement to say theyre freaking out right now. One admissions official told me, some colleges are so worried about being sued in the wake of this decision that theyre thinking about scrubbing racial and ethnic data from their websites. There has to be some discrimination here. There has to be something against Asian Americans specifically. This case is going to be something more than just about admissions. The notion that noticing race is per se unconstitutional could be devastating for a number of areas of the law. An
Labor day afternoon with us on this special edition of deadline white house, with just 64 days to go before the election, the sprint to the finish is in full swing today. Vice president kamala harris and governor tim walz are wasting no time flooding the zone with a flurry of campaign events across the battleground states. Using this labor day to make their case to union voters and organized labor. Vice president harris kicked things off in detroit, flanked by michigan governor gretchen whitmer and two of the most powerful voices in organized labor. Shawn fain of the united autoworkers, and randi weingarten of the american federation of teachers. We celebrate unions because unions helped build america, and unions helped build america s middle class. It is true across our nation and it is true here in detroit. For generations, in detroit and across our nation, the brothers and sisters of labor have stood together to righteously demand fair pay, better benefits, and safe working conditio
All right. Ryan young. Thank you so much for that report. New hour of cnn, new central starts right now tiktok with 64 days to go the 2024 race enters a critical new stretch ahead of the pivotal president ial debate. Donald trump, off the Trail Today and Kamala Harris hitting multiple Battleground States, right beside her new top surrogate President Biden and days away from his first nfl game, a rookie for the San Francisco 49ers was shot during an apparent Robbery Attempt the latest on his condition and the teenager that is suspected of shooting him and millions expected to hit The Roads and Airports Today as they head home from their fabulous Labor Day trips, we have the Travel Trouble spots for you. Im Sara Sidner with john berman, Kate Bolduan is out today. This is Cnn New central it, is Labor Day in Saber Day is the traditional kickoff of the Election Season. But you know whAt This Election Season is. So unprecedented, who knows, if any of the normal rules . Why today, Vice Presid
Time flooding the zone with a flurry of Campaign Events across the Battleground States using this Labor Day to make their case to Union Voters and organized labor. Vice president harris kicked things off in detroit, Shawn Fain of the united auto workers, and randi weingarten. Unions help build america, and help build americas Middle Class. It is true across our nation, and it is true here in detroit. For generations in detroit and across our nation, the Brothers And Sisters Of Labor Have stood together to Righteously Demand fair pay, better benefits, and safe working conditions. And let me say, every person in our nation has benefitted from that work. Everywhere i go, i tell people, look, you may not be a Union Member, you better thank a Union Member for the fiveday workweek. You better thank a Union Worker for sick leave. You better thank a Union Member for paid leave. You better thank a Union Member for vacation time. Because what we know is when Union Wages go up, everybodys wages g