Plus: Spirit Airlines shares drop sharply after a WSJ report that it has been in discussions with bondholders over the terms of a potential bankruptcy filing. After the bell, Air Products shares rise after we reported that activist investor Mantle Ridge had built a stake worth more than $1 billion in the company. J.R. Whalen reports. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Author: Mike Nova
Categories
4PM ET 10/04/2024 Newscast
For weeks, economists and analysts reacted with caution to the August jobs report that showed a hiring slowdown, some even questioning if the Fed’s aggressive rate cut would ease inflation at the expense of our labor market. The September jobs report released this morning paints a very different picture for the US economy. 254,000 jobs added. The unemployment rate ticked down 0.1 percent. Average hourly earnings are up 4 percent year-over-year. FOX Business correspondent Gerri Willis speaks to Annex Wealth Management chief economist Brian Jacobsen about what’s behind the unexpectedly strong jobs report and its impact on future Fed monetary policy. Later, they analyze Wall Street’s volatile week caused by Middle East tensions and the resolution of a loom port strike. Photo Credit: AP
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The presidential race remains close as both campaigns continue their pitch to voters in the final sprint to Election Day. Iran is ramping up its threats against Israel as the country’s operation in Lebanon intensifies. We’ll break down one of the many cases the US Supreme Court will hear when its new term starts next week. A new assessment nearly doubles the previously estimated death toll of an attack in Burkina Faso. And, we’ll tell you how tiny the world’s smallest Rubik’s cube actually is.
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