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Thursday, October 31, 2024
Happy Halloween! An estimated 67% of Americans will give out candy today, according to the National Retail Federation.
Tomorrow is the day that those who celebrate will venerate their dead,
followed by turning our clocks back an hour on Sunday, and voting on Tuesday, where hopefully we will not turn the damn country back a 100 years or more.
1. Election countdown
With five days until Election Day, former President Donald Trump and Vice President Kamala Harris both have viable paths to the White House. Polls show the race is neck and neck — and could be decided by small numbers of voters in a single battleground state. The candidates are focusing on seven key states in their final campaign sprint: Pennsylvania, Michigan, Wisconsin, Arizona, Nevada, North Carolina and Georgia. Trump was in Wisconsin on Wednesday, where he broke out the props and seized on a garbled remark by President Joe Biden that seemed to insult Trump voters as “garbage.” Biden has denied calling Trump supporters “garbage,” saying his comment on a call Tuesday had been misinterpreted.
2. It's The Economy
Several economists and officials have told CNN the economy has finally pulled off a soft landing, in which inflation is tamed without a recession — an exceptionally rare achievement. Gross domestic product, which measures all the goods and services produced in the economy, expanded at an annualized rate of 2.8% in the third quarter, the Commerce Department said Wednesday. That’s a slightly weaker pace than the second quarter’s 3% rate and above the 2.6% rate economists projected in a FactSet poll. Wednesday’s report comes after earlier data showed the economy added a whopping 254,000 jobs in September, inflation is a whisper away from the Federal Reserve’s 2% target and consumer confidence jumped this month by the fastest clip since March of 2021 — all signs of a robust economy. The bad news is that this doesn't seem to sway voters, but it will make the initial path for the next president easier.
3. Extreme weather
At least 95 people have been killed by severe flash floods in Spain, according to authorities on Wednesday, as emergency responders scramble to find dozens of missing people. In the worst-affected region of Valencia, 92 people were killed and around 1,200 are thought to still be trapped, local officials said. Separately, Taiwan’s largest storm since 1996 made landfall today with heavy rains and damaging winds equivalent to a Category 3 Atlantic hurricane. The storm, known as Typhoon Kong-rey, has killed at least one person and injured dozens of others. This will be a task for the next administration to face--will they be up to it?
So have fun today because the next week gets very scary indeed.
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