Good morning. It’s the weekend. Here’s what’s shaping the day: |
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Dismal Jobs Report: The U.S. economy added just 12,000 jobs in October, falling well below expectations days before the presidential election. The numbers make October 2024 the worst month for job gains during the four years of the Biden administration.
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Economic Slowdown: Regardless of who wins the election, the next president likely will have to deal with an economic slowdown next year, experts told our colleague, Petr Svab.
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‘Warhawk’ Fallout: The Trump and Harris presidential campaigns tussled over remarks by former President Donald Trump describing former Congresswoman Liz Cheney as a “war hawk.”
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Curbing Pyongyang: Secretary of State Antony Blinken confirmed that the United States has spoken with China about curbing North Korea’s involvement in the ongoing Russia–Ukraine war.
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Music Challenge: Can you stay still for 12 minutes and savor an award-winning piano performance? Look out for the details below.
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Written by Ivan Pentchoukov,
U.S. National Editor |
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Vice President and Democratic presidential candidate Kamala Harris (L) listens as former US Representative Liz Cheney speaks during a moderated conversation in Brookfield, Wisconsin, on October 21, 2024. (Kamil Krzaczynski/AFP via Getty Images) |
Election Countdown: 3 Days till Nov. 5
Battleground Pulse: Ariz.—Trump +2.3… Nev.—Trump +1.5… Wisc.—Harris +0.3… Mich.—Harris +0.8… Penn.—Trump +0.4… N.C.—Trump +1.5… Ga.—Trump +2.6 (Via RCP)
Prediction Market: Trump 57.3—Harris 42.6 (Via Polymarket) |
- While speaking to Tucker Carlson on Thursday, Trump said Cheney is a “radical war hawk.”
- “Let’s put her with a rifle standing there with nine barrels shooting at her. Let’s see how she feels about it,” the Republican presidential nominee said.
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“You know, when the guns are trained on her face. You know, they are all war hawks when they are sitting in Washington in a nice building.”
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In response, Cheney said that Trump’s criticism of her shows that he’s an authoritarian and equated his comment to a death threat. The Harris campaign also seized on the Trump comment by claiming that the former president wanted to send Cheney “to the firing squad.” Trump spokeswoman Karoline Leavitt said media outlets and the Harris campaign have taken Trump’s words out of context.
The former president was “clearly explaining“ that people like Liz Cheney “are very quick to start wars and send other Americans to fight them, rather than go into combat themselves,” Leavitt said. Election Updates: |
In the final comprehensive snapshot of the national labor market heading into next week’s presidential election, the economy added a much smaller-than-expected number of jobs in October. Last month, there were just 12,000 new jobs, below the consensus estimate of 113,000. This represented the smallest monthly employment gain since December 2020. According to the Bureau of Labor Statistics (BLS), the unemployment rate was unchanged at 4.1 percent. What They Are Saying: |
- The White House noted this week that the October jobs report would be affected by devastating hurricanes Helene and Milton and labor action.
- Bryon Anderson, head of fixed income at Laffer Tengler Investments, said: “As we thought, this jobs report was going to have a lot of noise around any signal… With two hurricanes and a Boeing strike, the likelihood of this report being clean was going to be hard.”
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A Manhattan judge has scheduled New York City Mayor Eric Adams’s federal trial to begin in April, just two months before next year’s Democratic primary in which Adams intends to seek reelection.
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Security is tight as New York City prepares for its annual marathon, set to begin at 8 a.m. on Sunday, one year after record-breaking participation in the 2023 marathon and just two days before Election Day.
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The Michigan Supreme Court has dismissed a case challenging the pandemic powers of the Michigan Department of Health, overturning a lower court’s finding the agency overstepped its authority with sweeping COVID-19 mandates.
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According to a new analysis by the Committee for a Responsible Federal Budget, within the next nine years—if nothing changes—the average retired couple will see their benefits reduced by $16,500.—Roman |
By DANIEL LACALLE Many citizens want more government control of the economy to curb rising prices. It is the worst strategy imaginable.
Interventionist governments never reduce consumer prices because they benefit from inflation, dissolving their political spending commitments in a constantly depreciated currency.
Inflation is the perfect hidden tax. The government makes the currency less valuable by issuing more units of fiat money, partially dissolves its debt in real terms, collects more taxes, and presents itself as the solution to rising prices with subsidies in an increasingly worthless currency.
That is why socialism and hyperinflation go hand in hand… Continue reading. |
Secretary of State Antony Blinken confirmed on Oct. 31 that the United States has communicated with China about curbing North Korea’s involvement in the ongoing Russia–Ukraine war. |
- Blinken noted that China is a member of the United Nations Security Council and is expected to demand that North Korea and Russia cease provocative military action in violation of U.N. resolutions.
- “So we’ll see if they take action,” he said of China.
- Beijing has not yet shown signs of action.
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Liu Pengyu, spokesman for the Chinese Embassy in Washington, said in a statement that Beijing supports “peace talks and political settlement of the Ukraine crisis.”
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The Chinese communist regime has refused to condemn Russia’s war actions and continues to support Moscow through financial and technological means. World News: |
- China conducted a series of unprecedented military exercises on Oct. 31 using both of its aircraft carriers and a fleet of support vessels in the South China Sea.
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An outspoken Chinese human rights lawyer and his wife were sentenced to prison on Oct. 28 following their detention by police while en route to a meeting with EU diplomats in Beijing last year.
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The number of people killed by the flood in southern Spain has reached 205, and is expected to rise further as rescue crews search for more bodies in damaged homes and piles of stranded cars.
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Bad Posture: The modern era and its related technology offer ample opportunity for extended sitting, resulting in a host of related postural problems occurring in greater numbers than ever.
The following exercises work well for my patients, but speak with your medical professional to ensure they are right for you. —Kevin Shelley, Occupational Therapist |
I have great news for any senior who’s been told, “You’re too sick…to be healthy again.”
The “forbidden” saturated fats we’ve been told to avoid found in eggs are extremely high in choline, which creates a super nutrient in the brain. Watch my presentation. ➞ —Dr. Gerhauser |
“Two Seated Angles Making Music,” by Gherardo Starnina |
Classical Music Listening Challenge |
Can you stay still for 12 minutes and listen to an award-winning performance of a serene piano masterpiece? This weekend, we’re challenging our readers to tune out the world and tune in to a higher realm.
Robert Neumann won a gold medal last for his rendition of “Holy Grace,” the commissioned composition for the 7th NTD International Piano Competition.
Since 2016, the competition has made a special effort to commission a piano arrangement of a piece by D. F., the artistic director of Shen Yun Performing Arts, a world renowned music and dance company that has led the way in the revival of traditional Chinese culture through the arts.
Are you ready? |
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Thanks for reading. Have a wonderful day. |
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