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News reports from around the world.
What Black Friday’s history tells us about holiday shopping in 2024
( ) -q-22- UNDATED (Correspondent Jeremy House) “and early offers.”
The holiday shopping season is about to reach full speed with Black Friday, which kicks off the post-Thanksgiving retail rush later this week.
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TAG: Correspondent Jeremy House reporting. Whether visiting stores or clicking on countless emails promising huge savings, tens of millions of U.S. shoppers are expected to spend money on Black Friday itself this year.
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VERBATIM: The annual sales event no longer creates the midnight mall crowds or doorbuster mayhem of recent decades. That’s due in large part due to the ease of online shopping and habits forged during the COVID-19 pandemic. Hoping to entice equivocating consumers, retailers already have spent weeks bombarding customers with ads and early offers.
What is the EU-Mercosur trade agreement and why does it matter?
( ) -q-25- UNDATED (Correspondent Jeremy House) “competition and desforestation.”
The E-U and the South American trade bloc Mercosur are working to finalize a trade deal that has been in negotiation for over 20 years.
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Out-cue: competition and deforestation]
TAG: Correspondent Jeremy House reporting. Supporters like Germany and Brazil see the deal as a chance to boost trade and economic growth.
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VERBATIM: The agreement would create a vast free trade zone, reducing tariffs and trade barriers between the two regions. South American nations would gain better access to EU markets for agricultural exports while Europe would benefit from lower tariffs on industrial goods. The deal faces strong opposition from European farmers and environmental groups over concerns about unfair competition and deforestation.
Biden proposes Medicare and Medicaid cover costly weight-loss drugs for millions of obese Americans
( ) -q-20- UNDATED (Correspondent Jeremy House) “Trump takes office.”
Millions of obese Americans would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare or Medicaid under a new rule proposed by the Biden.
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TAG: Correspondent Jeremy House reporting.
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VERBATIM: The proposal could cost taxpayers as much as $35 billion over the next decade. It would give millions of people access to weekly injectables that have helped people shed pounds so quickly that some people have labeled them miracle drugs. The proposal would not be finalized until after President-elect Donald Trump takes office.
Senator Blocks Promotion For General In Charge Of Afghanistan withdrawal
Senate Deal Will Allow Trump To Fill Four Appellate Seats
Analyst Says GOP Breathing A Sigh Of Relief Over Gaetz Withdrawal
Jim Talent: For Trump, Ending War In Ukraine A Matter Of “Carrots and Sticks”
American Airlines’ new boarding tech might stop you at now over 100 airports
( ) -q-26- UNDATED (Correspondent Jeremy House) “wait their turn.”
Sneaking a little ahead of line to get on that plane faster? American Airlines might stop you.
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TAG: Correspondent Jeremy House reporting. The airline announced this technology is now being used in more than 100 U.S. airports that American flies out of. The official expansion arrives after successful tests in three of these locations.
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VERBATIM: In an apparent effort to reduce the headaches caused airport line cutting, American has rolled out boarding technology that alerts gate agents with an audible sound if a passenger tries to scan a ticket ahead of their assigned group. This new software won’t accept a boarding pass before the group it’s assigned to is called. That means customers who get to the gate prematurely will be asked to go back and wait their turn.
US intelligence warns defense companies of Russian sabotage threat
( ) -q-23- UNDATED (Correspondent Jeremy House) “European defense companies.”
U.S. intelligence officials are warning American defense companies to increase their security after a wave of sabotage in Europe blamed on Russia.
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Out-cue: European defense companies]
TAG: Correspondent Jeremy House reporting. Russia has denied the allegations.
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VERBATIM: The National Counterintelligence and Security Center has issued a public bulletin advising companies that work in the defense industry that Russia may seek to carry out acts of sabotage. It’s a part of Russia’s effort to undercut Ukraine’s allies. Western authorities say they believe Russian intelligence is behind several recent acts of sabotage targeting European defense companies.
Phillips 66 faces federal charges related to alleged Clean Water Act violations
( ) -q-21- UNDATED (Correspondent Jeremy House) “cooperating with prosecutors.”
Oil company Phillips 66 has been federally indicted in connection with alleged violations of the Clean Water Act in California.
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TAG: Correspondent Jeremy House reporting. The U.S. Department of Justice announced the indictment on Thursday.
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VERBATIM: The Texas-based company is accused of discharging hundreds of thousands of gallons of industrial wastewater containing excessive amounts of oil and grease. Phillips is charged with two counts of negligently violating the Clean Water Act and four counts of knowingly violating the Clean Water Act. A spokesperson for the company said it was cooperating with prosecutors.
Some GOP Senators Relieved As Gaetz Drops Bid For Attorney General
US applications for jobless benefits fall to 213,000
( ) -q-23- UNDATED (Correspondent Jeremy House) “in three years.”
The number of Americans applying for unemployment benefits fell again last week, remaining near seven-month lows.
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Out-cue: in three years]
TAG: Correspondent Jeremy House reporting. While the number of new people applying for jobless aid each week remains at historically healthy levels, some who are receiving benefits are finding it harder to land new jobs.
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VERBATIM: The Labor Department reports jobless claim applications fell by 6,000 to 213,000 for the week of November 16. That’s fewer than the 220,000 analysts forecast. However, continuing claims went up by 36,000 to 1.91 million for the week of November 9. That was higher than expected and the most in three years.
Australia will protect social media users’ personal details when child ban takes effect
( ) -v-33- UNDATED (Correspondent Jeremy House) “std.”
Legislation to create a world-first law banning children under 16 from social media has been introduced in Australia’s Parliament. Correspondent Jeremy House reports.
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VERBATIM: Australia’s Communications Minister Michelle Rowland said TikTok, Facebook, Snapchat, Reddit, X and Instagram are among the restricted platforms that could be fined up to $33 million for systemic failures to prevent young children from holding accounts. After the bill becomes law, the platforms would have one year to work out how to implement the age restriction. The ban has wide political support, but experts have raised concerns about the ban, including isolating young people who already have accounts…(JH reporting).
Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips
( ) -q-24- UNDATED (Correspondent Jeremy House) “results in stride.”
Nvidia has reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust.
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TAG: Correspondent Jeremy House reporting. Nvidia’s high-flying stock is up 195% so far this year.
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VERBATIM: For the three months that ended October 27, the tech giant based in Santa Clara, California, posted revenue of $35.08 billion, up 94% from a year ago. It earned $19.31 billion in the quarter, more than double what it posted in last year’s third quarter. The results topped Wall Street estimates but investors took the results in stride.
Maui Invitational returns to Lahaina after deadly wildfire
( ) -v-32- UNDATED (Correspondent Jeremy House) “std.”
Residents of the Hawaii town devastated by last year’s wildfire are awaiting the return of one of the nation’s most prestigious basketball tournaments with mixed feelings. Correspondent Jeremy House reports.
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VERBATIM: Fans are excited about the Maui Invitational bringing high-caliber competition to Lahaina. And they welcome the economic boost Lahaina will get from the thousands of travelers eating in restaurants and staying in hotels. But there’s also a fear that travelers might show disrespect by wandering into the burn zone and taking photos of the devastation. And there is worry tourists might trigger unpleasant memories with questions about that catastrophic day. Residents say feelings are still raw…JH reporting.
Target reports a slump in third-quarter profit and sets soft holiday outlook
( ) -q-22- UNDATED (Correspondent Jeremy House) “season for Target.”
Target has reported a slim increase in sales for the third quarter and a slump in profit.
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TAG: Correspondent Jeremy House reporting. Target posted net income of $854 million in the quarter that ended November 2, down from $971 million a year ago. Sales rose to $25.67 billion from $25.4 billion.
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VERBATIM: The grim news comes as Target grappled with a pullback by inflation-weary customers and costs related to the dockworker strike in October. The results were below retail industry analysts’ forecasts. The Minneapolis-based company also offered an outlook that missed analysts’ projections. That forebodes a challenging holiday shopping season for Target.
Higher energy bills push UK inflation to 6-month high in October
( ) -q-27- UNDATED (Correspondent Jeremy House) “more modest increase.”
Inflation in the U.K. has risen sharply to a six-month high in October.
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TAG: Correspondent Jeremy House reporting. It took inflation above the bank’s target rate of 2%. The bank increased its main interest rate earlier this month by a quarter of a percentage point to 4.75% after inflation fell to its lowest level since April 2021.
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VERBATIM: It’s an increase that’s set to cement market expectations that there will be no further cuts in borrowing rates this year. Britain’s Office for National Statistics says higher domestic energy bills pushed consumer price inflation up to 2.3% in the year to October from the three-year low of 1.7% recorded the previous month. The increase is above forecasts for a more modest increase.
DeSantis Predicts Rubio Replacement Selection By Early January
“Lawlessness”: GOP Files Multiple Lawsuits Over PA Senate Recount
Business Group Says Policy Changes In 2025 Will Secure 2026 GOP Win
American consumers warned about organic carrots linked to E.coli
( ) -q-20- UNDATED (Correspondent Jeremy House) “multiple brand names.”
An outbreak of E-coli has infected dozens of people who ate bagged organic carrots.
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TAG: Correspondent Jeremy House reporting. While the carrots are no longer in stores, the CDC is encouraging consumers to check their refrigerators and throw away any carrots that fit the description.
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VERBATIM: One person died from the infection. The CDC says 39 people were infected, and 15 people were hospitalized in 18 states after eating organic whole and baby carrots sold by Grimmway Farms. The company has recalled the carrots. The recalled carrots included whole and baby organic carrots sold in bags under multiple brand names.
French farmers mobilize for protests over EU-Mercosur trade deal
( ) -q-25- UNDATED (Correspondent Jeremy House) “create unfair competition.”
French farmers are mobilizing for widespread protests, targeting the controversial EU-Mercosur trade agreement.
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TAG: Correspondent Jeremy House reporting.
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VERBATIM: The farmers argue the deal threatens their livelihoods by allowing a surge of South American agricultural imports produced under less stringent environmental standards. Protests are planned nationwide, including gatherings at prefectures and traffic circles. Leading the charge are unions, who oppose provisions such as duty-free imports of beef, poultry and sugar, which they say create unfair competition.
Spirit Airlines files for bankruptcy
( ) -q-21- UNDATED (Correspondent Jeremy House) “the next year.”
Spirit Airlines has filed for bankruptcy protection.
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TAG: Correspondent Jeremy House reporting. Spirit says it expects to operate as normal as it works its way through a prearranged Chapter 11 bankruptcy process and that customers can continue to book and fly without interruption.
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VERBATIM: The air carrier will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue. Spirit is the biggest U.S. budget airline. It has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion over the next year.
