Dem Senator Fetterman Warns Musk Support Of Trump Cold Win PA

SC Senator Tim Scott Reportedly Aiming to Head Up NRSC

JPMorgan sets aside more money for potential bad loans

( ) -q-25- UNDATED (Correspondent Jeremy House) “and getting worse.'”

JPMorgan says its net income fell to $12.9 billion in the third quarter from $13.2 billion a year ago.

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Time: 25s
Title: JPMORGAN-BAD-LOANS-house-q-MONam
Out-cue: and getting worse]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: Earnings of $4.37 per share did, however, beat Wall Street analysts’ forecasts and shares rose more than 4%. The bank set aside more money to cover potentially bad loans, but did say it feels the U.S. consumer is on “solid footing.” JPMorgan CEO Jamie Dimon said the bank continues to monitor geopolitical tensions that he called “treacherous and getting worse.”

Changing OpenAI’s nonprofit structure would raise questions about its future

( ) -q-30- UNDATED (Correspondent Jeremy House) ”

The artificial intelligence maker OpenAI may face a costly and inconvenient reckoning with its nonprofit origins even as its valuation recently exploded to $157 billion.

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Time: 30s
Title: OPENAI-VALUATION-house-q-MONam
Out-cue: allowed to interact]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: Nonprofit tax experts have been closely watching OpenAI, the maker of ChatGPT, since last November when its board ousted and rehired CEO Sam Altman. OpenAI is organized as a nonprofit with a mission to develop artificial intelligence, and it later added subsidiary for-profit entities under the nonprofit’s control. Now, some of these experts believe that OpenAI may have reached or exceeded the limits of how nonprofits and for-profits are allowed to interact.

A Tesla car crashes and catches fire in France, killing 4

( ) -q-19- UNDATED (Correspondent Jeremy House) “burnt beyond recognition.”

Police in France say four people have died in a car crash after their Tesla vehicle reportedly hit a road sign and caught fire.

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Time: 19s
Title: FRANCE-TESLA-CRASH-house-q-MONam
Out-cue: burnt beyond recognition]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: A local police spokesman said the exact circumstances of the weekend crash near the city of Niort were still to be determined and an investigation was underway. He said there were no witnesses, making the investigation complicated. He said the driver and three passengers were burnt beyond recognition.

Elon Musk unveils Tesla’s ‘Cybercab’

( ) -q-20- UNDATED (Correspondent Jeremy House) “California next year.”

Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, though fans of the electric vehicle maker will have to wait until at least 2026 before they are available.

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Time: 20s
Title: TESLA-CYBERCAB-house-q-FRIam
Out-cue: California next year]

TAG: Correspondent Jeremy House reporting. The unveiling comes as Musk tries to persuade investors that his company is more about artificial intelligence and robotics as it struggles to sell its core products, an aging lineup of once-cutting-edge electric vehicles.

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VERBATIM: CEO Elon Musk said the “Cybercab” doesn’t have steering wheels or pedals. Tesla expects the Cybercabs to cost under $30,000. The company also expects to make its Full Self-Driving technology available on its Model 3 and Model Y vehicles in Texas and California next year.

China lifts a lobster ban on Australia

( ) -q-25- UNDATED (Correspondent Jeremy House) “compromising Australian interests.”

Australian Prime Minister Anthony Albanese says China will resume importing Australian live lobsters by the end of the year.

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Time: 25s
Title: AUSTRALIA-CHINA-LOBSTERS-house-q-FRIam
Out-cue: compromising Australian interests]

TAG: Correspondent Jeremy House reporting. Beijing is unhappy with restrictions Australia has placed on some Chinese investments because of security concerns. China ended trade with Australia in 2020 on a range of commodities.

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VERBATIM: Albanese made the announcement after meeting with China’s premier on the sidelines of a Southeast Asian summit in Laos. The ban on lobsters is the last of a series of official and unofficial trade barriers Beijing has agreed to lift since the Albanese government was elected in 2022. Albanese has given assurances that relations with China have been improved without compromising Australian interests.

South Korea tries to kick-start its economy

( ) -q-24- UNDATED (Correspondent Jeremy House) “the COVID-19 pandemic.”

South Korea’s central bank cut its policy rate for the first time in more than four years.

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Time: 24s
Title: SOUTH-KOREA-ECONOMY-house-q-FRIam
Out-cue: the COVID-19 pandemic]

TAG: Correspondent Jeremy House reporting. The bank raised the rate by a quarter percentage point in August 2021 over concerns about inflation and soaring household debt, driven in part by skyrocketing house prices, and then froze rates for over three years.

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VERBATIM: The rate cut comes as pressure to revive a sluggish economy outweighs concerns about the country’s level of household debt. The Bank of Korea lowered its key interest rate by a quarter percentage point to 3.25% following a meeting of its monetary policy committee. It was the committee’s first move to lower borrowing costs since May 2020, when the economy was weathering the COVID-19 pandemic.

US filings for jobless benefits jump to 258,000, the most in more than a year

( ) -q-26- UNDATED (Correspondent Jeremy House) “a given week.”

The number of Americans filing for for unemployment benefits last week jumped to their highest level in a year.

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Time: 26s
Title: JOBLESS-CLAIMS-house-q-THUam
Out-cue: a given week]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: In a possible sign of softness in the labor market, the Labor Department reports that applications for jobless claims jumped by by 33,000 to 258,000 for the week of October third. That’s the most since August fifth, 2023 and well above the 229,000 analysts were expecting. Applications for jobless benefits are widely considered representative of U.S. layoffs in a given week.

Social Security recipients will get a 2.5% cost-of-living boost in 2025

( ) -q-27- UNDATED (Correspondent Jeremy House) “started to cool.'”

Millions of retirees who receive Social Security benefits will see a 2.5% cost-of-living increase to their monthly checks beginning in January.

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Time: 27s
Title: SOCIAL-SECURITY-COLA-house-q-THUam
Out-cue: started to cool]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: The Social Security Administration says the cost-of-living adjustment for retirees translates to more than $50 more on average per retiree every month. About 72.5 million people, including retirees, disabled people and children, get Social Security benefits. The agency’s commissioner says the cost-of-living adjustment will help millions of people “keep up with expenses even as inflation has started to cool.”

Marriott agrees to pay $52 million, beef up data security over data breaches

( ) -q-27- UNDATED (Correspondent Jeremy House) “to safeguard data.”

Marriott International has agreed to pay $52 million and make changes to bolster its data security.

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Time: 27s
Title: MARRIOTT-DATA-BREACHES-house-q-THUam
Out-cue: to safeguard data]

TAG: Correspondent Jeremy House reporting. The three data breaches took place between 2014 and 2020.

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VERBATIM: The payment was made to resolve state and federal claims related to major data breaches that affected more than 300 million of Marriott’s customers worldwide. The Federal Trade Commission and a group of attorneys general from 49 states and the District of Columbia ran parallel investigations into three data breaches. They claimed Marriott failed to secure its computer system with appropriate password controls, network monitoring or other practices to safeguard data.

Climate solution: Form Energy secures $405M to speed development of long-awaited 100-hour battery

( ) -q-23- UNDATED (Correspondent Jeremy House) “wind isn’t blowing.”

Form Energy, a company that is beginning to produce a longer-lasting alternative to lithium batteries, has hit a milestone with an announcement of $405 million in funding.

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Time: 23s
Title: FORM-ENERGY-BATTERY-house-q-THUam
Out-cue: wind isn’t blowing]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: The money will allow Form to speed up manufacturing at its first factory in Weirton, West Virginia and continue research and development. Manufacturing long-duration energy storage at a commercial scale is seen as essential for lowering carbon emissions. The alternative to lithium batteries makes clean energy available when the sun isn’t shining or the wind isn’t blowing.

Some East Palestine derailment settlement payments to go out during appeal process

( ) -q-27- UNDATED (Correspondent Jeremy House) “appealing the deal.”

People who lived near the disastrous East Palestine (TEEN) train derailment last year should still be able to receive personal injury payments.

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Time: 27s
Title: OHIO-TRAIN-DERAIL-house-q-WEDam
Out-cue: appealing the deal]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: The payments would be made even while the bulk of the residents’ $600 million class action settlement with Norfolk Southern railroad remains on hold during an appeal. A spokesperson for attorneys who represented residents said provisions of the deal will allow those personal injury payments to be made even while an appeal challenging whether the settlement is adequate and fair moves forward. Four additional residents recently filed notice that they are appealing the deal.

Small business disaster loan program in danger of running out of funds

( ) -q-21- UNDATED (Correspondent Jeremy House) “down on Florida.”

The Small Business Administration could run out of money to fund disaster loans in the wake of Hurricane Helene’s devastation.

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Time: 21s
Title: SMALL-BIZ-DISASTER-LOANS-house-q-WEDam
Out-cue: down on Florida]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: The SBA is offering disaster loans for small businesses in some counties in Florida, Georgia, North Carolina, South Carolina, Tennessee and Virginia. But President Biden said in a recent letter to Congress that aid could run out “in a matter of weeks” if more federal funding is not approved. This, as Milton bears down on Florida.

US considers asking court to break up Google

( ) -q-26- UNDATED (Correspondent Jeremy House) “remedies are decided.”

The U.S. Department of Justice is considering asking a federal judge to force Google to sell parts of its business in order to eliminate its online search monopoly.

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Time: 26s
Title: DOJ-GOOGLE-house-q-WEDam
Out-cue: remedies are decided]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: In a court filing, federal prosecutors also said the judge could ask the court to open the underlying data Google uses to power its ubiquitous search engine and artificial intelligence products to competitors. A federal judge ruled in August that Google’s search engine has been illegally exploiting its dominance to squash competition and stifle innovation. Google plans to appeal but must wait until the remedies are decided.

Facebook, YouTube, TikTok users in Europe get forum to challenge social media

Social media users across the European Union will soon have a new forum to challenge decisions by platforms to remove posts and videos for breaking their rules or leave up others that may violate them. An “out of court dispute settlement body” named the Appeals Center Europe said it has been certified by Irish regulators to act as a referee on content moderation disputes across the EU. It will start with cases involving Facebook, YouTube and TikTok. The center is similar to Meta’s Oversight Board, a quasi-independent body set up in 2020 that acts like a supreme court for thorny decisions about content moderation issues on Facebook, Instagram and Threads submitted by users around the world.

Supreme Court won’t hear appeal from X over warrant in Trump case

( ) -q-25- UNDATED (Correspondent Jeremy House) “be an issue.”

The Supreme Court says it won’t hear an appeal from the social media platform X over a search warrant prosecutors obtained in the election-interference case against former President Donald Trump.

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Time: 25s
Title: SCOTUS-X-TRUMP-house-q-TUEam
Out-cue: be an issue]

TAG: Correspondent Jeremy House reporting. A lower court also found that telling Mr. Trump could have jeopardized the ongoing investigation.

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VERBATIM: The company says a nondisclosure order that blocked it from telling Mr. Trump about the warrant obtained by special counsel Jack Smith’s team violated its First Amendment rights. It also argued that the former president should have had a chance to assert executive privilege. Prosecutors, though, say the company never showed Mr.Trump had used the account for official purposes, so executive privilege wouldn’t be an issue.

PepsiCo lowers revenue forecast as sales growth weakens

( ) -q-21- UNDATED (Correspondent Jeremy House) “at 23.3-billion dollars.”

Pepsi has lowered its organic revenue forecast for the year after U.S. consumers continued to pull back on its snacks and drinks.

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Time: 21s
Title: PEPSI-REVENUES-house-q-TUEam
Out-cue: at 23.3-billion dollars]

TAG: Correspondent Jeremy House reporting. Analysts polled by FactSet say Wall Street had expected revenue of $23.8 billion.

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VERBATIM: The company says it now expects its organic revenue — which is adjusted for foreign currency exchanges and the impact of product acquisitions or divestments – to see a low single-digit increase for the year. It had expected an increase of 4%. Pepsi said its revenue was flat in the third quarter, at $23.3 billion.

“Word Salad”. Senator Joni Ernst Blasts Harris On Israel Answers In 60 Minutes Interview

Senator Says Trump Win Needed To Rebuild Military

“Deranged!” Senator Cotton Blasts Smith’s Newest Filing Against Trump

Senator Says Only Trump Victory Can Restore Military Might

Supreme Court rejects appeal from ‘Pharma Bro’ Martin Shkreli

( ) -q-28- UNDATED (Correspondent Jeremy House) “for repaying profits.”

The Supreme Court has rejected an appeal from Martin Shkreli, who was once dubbed “Pharma Bro” after jacking up the price of a lifesaving drug.

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Time: 28s
Title: SCOTUS-SHKRELI-house-q-MONam
Out-cue: for repaying profits]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: Shkreli appealed an order to return $64.6 million in profits he and his former company reaped after monopolizing the market for the medication and drastically increasing its price. His lawyers argued that money went to his company rather than him personally. Prosecutors, though, said the company had agreed in a settlement to pay $40 million, and because Shkreli masterminded the scheme, he should bear responsibility for repaying profits.

As affordable housing disappears, states scramble to shore up the losses

( ) -q-24- UNDATED (Correspondent Jeremy House) “need it most.”

While Americans continue to struggle under high rents, as many as 223,000 affordable housing units could disappear in the next five years.

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Time: 24s
Title: AFFORDABLE-HOUSING-house-q-MONam
Out-cue: need it most]

TAG: Correspondent Jeremy House reporting. Some states are trying to stop the leakage, including with local governments or nonprofits buying the buildings to keep them affordable. But the solutions aren’t airtight, leaving some renters facing huge rent increases, even eviction.

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VERBATIM: Those units were built with the federal Low-Income Housing Tax Credit, which gives developers tax credits in exchange for keeping rents low. But there is a catch. The buildings typically only need to be kept affordable for a minimum of 30 years. For the wave of construction in the 1990s, those deadlines are arriving now, threatening to eliminate affordable housing when Americans need it most.