Fact Check: TRUE
Need Hurricane Relief? Take This $750 Hi Reader, Here’s what our editors are looking at today… | | | Jim Rickards: $750 to Hurricane Relief Donald Trump Jr. was one of multiple high-profile Republicans who criticized Vice President Kamala Harris following her visit to see Hurricane Helene's damage in Georgia Wednesday, claiming she only offered those affected $750. The Democratic presidential candidate mentioned the money during a speech in Augusta, sparking outrage from those on the right who said it was all she was offering to those impacted by the disaster. At least 200 people have died as a result of the storm, which passed over Florida, Georgia, Tennessee, South Carolina, North Carolina and Virginia. Many homes were washed away or badly damaged, while thousands were left without power or access to communications. The outrage on the right over the $750 remark came after claims that other FEMA grants for communities dealing with an influx of migrants could be used in the Helene relief effort. ⇒ Read More Here | |
Byron King: Top Shale Boss Says US ‘Unusually Vulnerable’ to Middle East Oil Shock US shale magnate Harold Hamm has accused the Biden administration of leaving the nation “unusually vulnerable” to a Middle East oil price shock by draining its strategic petroleum reserve, damaging domestic production and bungling foreign policy. The Continental Resources founder told the Financial Times he was “very concerned” that Middle East conflict could disrupt global oil supplies while the US shale patch had been put in a “weakened condition”, unable to rapidly lift output. “They have drained the SPR, and refinery inventories are at their lowest in America [in years]. And you just never know when you need it. It’s kind of like having gas in your car,” said the billionaire shale boss. ⇒ Read More Here | |
Greg Guenthner: September Jobs Report Crushes Expectations The US labor market added far more jobs than projected in September while the unemployment rate unexpectedly ticked lower, reflecting a stronger picture of the jobs market than Wall Street had expected. Data from the Bureau of Labor Statistics released Friday showed the labor market added 254,000 payrolls in September, more additions than the 150,000 expected by economists. The key question entering Friday's report was whether the data would reflect significant cooling in the labor market, which could prompt another large Fed interest rate cut… ⇒ Read More Here That’s all for today, we’ll be back Monday with more topics and articles from our editors. Email us here with whatever crosses your mind that you want us to cover. We look forward to hearing from you! Looking forward to your financial future, | | | | | |
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Keep a civil tongue.