ibt-mailAug 22, 2024, 10:13 AM

RFK Jr. To Drop Out Of Race, Endorse Trump: Report

Newsletter Aug 22, 2024 Quick Six RFK Jr. plans to drop out of race, endorse Trump: Reports Third-party presidential candidate Robert Kennedy Jr. plans to drop out of the race and endorse former

Newsletter Aug 22, 2024

Quick Six

RFK Jr. plans to drop out of race, endorse Trump: Reports
Third-party presidential candidate Robert Kennedy Jr. plans to drop out of the race and endorse former President Donald Trump, according to media reports, which said RFK Jr. will announce his decision Friday to withdraw from the election near Phoenix, where Trump is scheduled to appear. RFK Jr.'s campaign teased a major announcement regarding "his path forward" at a possible joint conference. Trump has been seeking the third-party candidate's endorsement with talks of a possible job in his administration.
HOW MUCH WOULD RFK JR. ENDORSEMENT HELP TRUMP?

US jobs market sees biggest downward revision since 2009
The US jobs market was probably cooler than expected in the year through March, Labor Department data showed Wednesday, signaling weaker but still-positive growth. US employers were estimated to have added 818,000 fewer jobs than initially reported for the 12-month period, meaning job growth in the world's biggest economy was lowered by 68,000 per month. The drop was less dramatic than the one million loss predicted by some economists.
WHY THIS WAS THE BIGGEST JOBS REVISION SINCE 2009

Ford announces major changes to its electric vehicle lineup
Ford announced Wednesday fresh changes to its electric vehicle lineup, including the scuttling of a planned SUV model, lifting shares despite a hefty profitability hit. The adjustments will result in around $1.9 billion in cost hits to Ford's earnings. Ford's EV business lost $2.5 billion in the first half of 2024 as the company contends costly production ramp-ups amid demand uncertainty.
SEE WHY FORD DECIDED TO KILL AN ENTIRE LINE OF SUVS

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Markets

DJIA	40,890.49	0.14%
S&P 500	5,620.85	0.42%
Nasdaq Composite	17,918.99	0.57%
Japan: Nikkei 225	38,129.59	0.47%
UK: FTSE 100	8,283.43	0.12%
Crude Oil Futures	71.79	-0.19%
Gold Futures	2,537.30	-0.40%
Yen	145.05	-0.16%
Euro	1.11	-0.05%
* As of market close

Walz wows DNC with vow to defeat Trump

Democratic vice presidential nominee and Minnesota Gov. Tim Walz brought down the house at the Democratic National Convention in Chicago on Wednesday, promising to fight alongside running mate Kamala Harris to keep former president Donald Trump out of office. The folksy Midwesterner was introduced through his life as a national guardsman, teacher and football coach. Walz vowed to bring that same fighting spirit to the table to defeat Trump in the November election. The DNC closes tonight with a much-anticipated appearance by Harris.

WALZ BRIDGING THE GAP BETWEEN HARRIS, WHITE AMERICA

Venezuela delimma: Democracy or dictator?

Venezuela is at a crossroads, with strongman Nicolas Maduro doubling down on his disputed reelection victory and the opposition candidate Edmundo Gonzalez Urrutia and his supporters vowing to resist "to the end." The choice appears between entrenching authoritarianism or democratic change. Three weeks later, with 25 deaths, dozens of injuries and more than 2,400 arrested in spontaneous anti-Maduro protests in the 48 hours following the vote, nothing has changed.

THINGS MAY TAKE VIOLENT TURN OVER DISPUTED ELECTION

Microsoft tries to win back gamers at event

Microsoft held its biggest video game stand ever at Gamescom in Germany, aiming to win over players after several rocky months of studio closures and rising fees. Microsoft's decision that its blockbuster "Indiana Jones and the Great Circle", initially meant to be an exclusive for its Xbox console, would also be made available on rival Sony's PlayStation 5 in spring 2025. The decision follows a shift that began in February with four of its games being made available to rival consoles.

MICROSOFT ROLLS OUT ITS LATEST CONSOLES AT GAMESCOM

Extra point

What is the No. 1 selling video game of all-time? How many copies?

Wednesday's answer: After passing on the original name BackRub, Google was going to be called "Googol," which means 10 to the 100th power. The domain "google.com" was mistakenly registered in 1997.

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