JPMorgan Chase trader Frederick Reimer works on the floor of the New York Stock Exchange. The government's monthly jobs numbers won't be released as scheduled Friday, leaving financial markets without key data to evaluate the economy.
Originally published on Thu October 3, 2013 12:32 pm
Stock investors and business journalists unite each month for one shared, suspenseful moment — the 8:30 a.m. release of the Labor Department's employment report.
The unveiling of the report — so rich with data on job creation, unemployment, wages and hours — can be counted upon to set off a tsunami of tweets. Economists jump in with instant analysis and politicians fire off press releases with reactions.
Originally published on Thu October 3, 2013 1:07 pm
Newly formed Tropical Storm Karen, which could reach hurricane strength by Friday, is expected to make landfall on the U.S. Gulf Coast sometime over the weekend.
The National Hurricane Center in Miami says the late-season storm formed Thursday morning about 485 miles south of the Mississippi Delta, with maximum sustained winds of 65 mph. It was moving north-northwest at 12 mph, but was expected to speed up.
Forecasters say it will make landfall in the U.S. either Saturday or Sunday.
Originally published on Thu October 3, 2013 2:30 pm
The Treasury Department is issuing a warning of dire economic consequences that could rival the Great Recession if Congress is unable to agree on raising the debt ceiling and the nation defaults on its obligations.
No summer is complete without a picnic, just as no picnic is completed without a few little annoyances: sunburn, spilled wine or ants. Ants! (Shakes fist.) This game, led by house musician Jonathan Coulton, imagines some heightened picnic scenarios, all of which are clues to words that end with the letters "-ant."
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You're listening to ASK ME ANOTHER from NPR and WNYC. I'm Ophira Eisenberg. Coming up, we'll reminisce about the songs of summer, and we'll take a cinematic tour of New York City. Plus we'll put director David Wain and actor B.J. Novak up to another ASK ME ANOTHER challenge. But first, joining us onstage right now are Allison Kelsey and Sam Denehy.
EISENBERG: Allison, you are joining us from Philadelphia.
First there was the attention paid on Tuesday when a group of WWII veterans (with some help from Republican members of Congress and their staffs) ignored barricades and went through with their long-planned visit to the site.
Originally published on Thu October 3, 2013 7:16 am
Good morning, fellow political junkies. As we enter Day 3 of the federal government shutdown, the impasse appears no closer to a solution. Nothing like a way forward seemed to come from President Obama's White House meeting Wednesday evening with congressional leaders.
But, then, we didn't expect much from it since the president's people said he wouldn't be negotiating.