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Hurricane Milton Could Be Worst in ‘100 Years’

Federal forecasters say that Hurricane Milton strengthened into a Category 5 storm on Oct. 7 and is predicted to hit the Tampa, Florida, area by the evening of Oct. 9,... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
Shocking New Report Reveals Possible Threats To The U.S. Dollar. If you have $50K or more saved for retirement you can't afford to ignore this warning.
October 08, 2024
WORDS OF WISDOM
"Men did not love Rome because she was great. She was great because they had loved her."
G K CHESTERTON
Good morning! Today we're covering Hurricane Milton, questions about Iran's connection to the two assassination attempts against former President Donald Trump, and stock market worries triggered by rising yields of Treasury bonds.

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Hurrical Milton Could be Worst in '100 Years'
Hurrical Milton Could be Worst in '100 Years'
Federal forecasters say that Hurricane Milton strengthened into a Category 5 storm on Oct. 7 and is predicted to hit the Tampa, Florida, area by the evening of Oct. 9,...

Iran or Not Iran

House Intelligence Committee Chairman Mike Turner (R-Ohio) urged the FBI to "come to a conclusion" on whether the two assassination attempts against former President Donald Trump this year were linked to Iran.

Speaking to CBS News's "Face the Nation" on Oct. 6, Turner called on the FBI to release its findings from investigations into would-be assassins Thomas Matthew Crooks, who shot at Trump during a Pennsylvania rally in July, and Ryan Wesley Routh, who prosecutors say hid at Trump's Florida golf course with a rifle for 12 hours with the intention to kill Trump before a Secret Service agent found him.

In the first case, the FBI has not publicly disclosed a motive. Days after the July 13 attempt, FBI officials said that Crooks, who was killed by Secret Service snipers, had acted alone. The FBI has also not ascribed a particular motive in the second case, although court documents submitted by prosecutors in the case have noted that the suspect apparently wrote a self-published book that encouraged Iran to kill the 45th president. Read the full story here›


Stocks Down

Wall Street's major stock indexes ended the trading session around 1 percent lower on Oct. 7, while the 10-year U.S. Treasury yield rose above 4 percent for the first time since August. The rise in yields and retreat in stocks could reflect investor concerns that the Federal Reserve might keep interest rates higher for longer following last week's stronger-than-expected jobs report, along with worries about rising tensions in the Middle East.

At closing bell, the Dow Jones Industrial Average fell 398.51 points, or 0.94 percent, to 41,954.24; the S&P 500 dropped 55.13 points, or 0.96 percent, to 5,695.94, and the Nasdaq Composite shed 213.94 points, or 1.18 percent, to 17,923.90.

Stocks rallied in recent weeks on optimism that the Federal Reserve would continue on its interest rate-cutting trajectory after delivering an outsized 50 basis point reduction at its most recent policy meeting on Sept. 18. However, a stronger-than-expected jobs report last week has cast doubt about the pace and extent of this rate-cutting cycle. The CME FedWatch Tool indicates that investors now see an over 84 percent chance of a 25-basis-point cut at the Fed's November meeting, down from earlier bets on a larger reduction. Read the full story here›

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With so many debates around public safety and policing in recent years, Philip V. McHarris's book, "Beyond Policing," offers a timely exploration of alternatives to the traditional system.

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