BUSINESS
NEWS
September’s Booming Job Gains Underscore US Economy’s Resilience
By Peter DuncanEricsson and INFORM to Strengthen Financial Services Security and Combat Advanced Fraud
By Helen RoschaThe State of the Union in the Direct-to-Consumer Space: Strategic Shifts and Challenges
By Hazel SaundersCLIMATE
CHANGE
Honda Donates $500,000 to Hurricane Helene Relief Efforts
By Steve ArnettNew Data Science Tool Speeds Up Molecular Analysis of Environment
By Tina GeigerSecretary of Defense Lloyd J. Austin III provides updates on Middle East, Hurricane Helene Response, Ukraine, and AUKUS partnership
Following a U.S. Transportation Command change of command at Scott Air Force Base, Illinois, on Friday, Secretary of Defense Lloyd J. Austin III held a news briefing to provide updates about the Middle East, Hurricane Helene response, Ukraine and the trilateral security partnership that the United States participates in with the United Kingdom and Australia.
Earlier last week, Iran launched an “outrageous missile attack against Israel, and you saw once more that the U.S. came to their defense and helped Israel defend itself,” Austin said.
“We condemn this brazen attack by Iran. We’ve been in close conversation with our Israeli counterparts about defending against this kind of attack, and we’ll stay in close coordination with them over the coming days,” the secretary said.
Closer to home, the Defense Department is actively supporting federal, state and local efforts to respond to Hurricane Helene. “This was a tough storm, a lot of loss of life, and a lot of people’s lives changed overnight. And the fact that it went through so many states and created such damage, I think, really presented us, presented the country, with some challenges,” he said.
PUBLIC
INTEREST
U.S. Trade and Development Agency Convenes Civil Nuclear Energy Leaders From U.S., Europe and Eurasia
From October 8-10, the U.S. Trade and Development Agency will host a delegation of leaders from the United States and nearly 20 European and Eurasian countries in Knoxville, TN, for an event focused on the safe and efficient deployment of the latest nuclear energy technologies. Organized in cooperation with…
U.S. and Republic of Korea Officials Meet in Atlanta for 9th Senior Economic Dialogue
Under Secretary of State for Economic Growth, Energy and the Environment Jose W. Fernandez met with Republic of Korea (ROK) Second Vice Foreign Minister Kang Insun in Atlanta, Georgia on October 2 for the 9th U.S.-ROK Senior Economic Dialogue (SED).
Both sides underscored the more than $140 billion in new…
CULTURE
NEWS
Ballet Hispánico Selected for Doris Duke Foundation’s Performing Arts Technologies Lab
By D’Arcy SardoneThe Inside Scoop on Enzo Zelocchi’s Next Moves in Hollywood
By D’Arcy SardoneRH
FINANCIAL
September’s Booming Job Gains Underscore US Economy’s Resilience
The US labor market proved resilient in September, adding 254,000 to payrolls for the highestEricsson and INFORM to Strengthen Financial Services Security and Combat Advanced Fraud
Ericsson and INFORM collaborate to integrate RiskShield, an advanced Anti-Money-Laundering and Fraud Management solution, withTHIS WEEK'S HEADLINES
Air Force Gen. CQ Brown, Jr., chairman of the Joint Chiefs of Staff, underscored the foundational role logistics plays in maintaining the U.S. military's edge as the world's foremost fighting force
Chairman of the Joint Chiefs of Staff Air Force Gen. CQ Brown, Jr., underscored the foundational role logistics plays in maintaining the U.S. military’s edge as the world’s foremost fighting force as he welcomed Air Force Gen. Randall Reed as the 15th commander of the U.S. Transportation Command on Friday.
Reed assumed leadership of the combatant command charged with overseeing the Defense Department’s global mobility mission from Gen. Jacqueline Van Ovost during a change of command ceremony at Transcom headquarters at Scott Air Force Base, Illinois.
“Army Gen. John J. Pershing, who was the commander of American Forces in World War I famously said, ‘Infantry wins battles. Logistics wins wars’,” Brown said. “U.S. Transportation Command is the backbone of our nation’s ability to project power globally. They make Pershing’s words a reality day-in and day-out.”
As DOD’s premier logistics provider, Transcom’s more than 120,000 service members, civilians and contractors provide continuous, global support across the U.S. combatant commands, military services and interagency partners.
Transcom’s mission remains critical amid an increasingly complex national security landscape.
Since January 2022, Transcom has delivered more than 3 million pieces of military assistance, including ammunition and air defense systems and other capabilities to Ukraine.
The command has also been a linchpin to DOD’s continued commitment to providing key capabilities in support of Israel’s defense following the Oct. 7, 2023, attack by Hamas terrorists.
During his remarks, Brown thanked those that carry out Transcom’s mission day-in and day-out for their dedication.
“Thanks for your selfless service, for all you do providing logistics capability for our joint force and all you do to guarantee our security,” he said. “And thanks to your families for the tremendous support they provide…
CURRENT EDITION
Honda and Acura Financial Services offer payment relief for affected customers
By Steve Arnett / Newsdesk StaffOn behalf of the Honda family of companies in the U.S., Honda is donating $500,000 in needed disaster relief funds to the American Red Cross to support those impacted by Hurricane Helene. The donation will enable the American Red Cross to respond to and help people recover from this disaster across the affected region, which is home to Honda manufacturing operations and its associates. North Carolina-based Honda Aircraft is providing HondaJet to transport humanitarian relief aid to the hard-hit areas of the region.
In addition to the corporate disaster recovery donation, Honda and Acura Financial Services are offering payment extensions and lease deferrals to customers impacted by the natural disaster.
Honda is also offering its associates an opportunity to join the hurricane relief effort through its matching fund and volunteer programs. Honda will match eligible donations on a dollar-for-dollar basis, up to a maximum of $1,000. Additionally, the company will provide up to $200 in grants to eligible organizations when associates volunteer.
Honda started operations in the United States with American Honda Motor Co., Inc. in 1959. Today, Honda employs over 30,000 associates in America engaged in the development, manufacturing, sales and service support of Honda and Acura automobiles, Honda power equipment, Honda powersports products and the HondaJet advanced light jet.
Based on its longstanding commitment to build products close to the customer, Honda operates 12 major U.S. manufacturing facilities, working with 620 U.S. suppliers to produce a diverse range of Honda products using domestic and globally sourced parts. Honda has built automobiles in America for over 40…
Commentary from Mitchell Barnes, Economist, Labor Markets, The Conference Board
The US labor market proved resilient in September, adding 254,000 to payrolls for the highest gain since March. Leading into today’s release, June–August showed an average of 116,000 monthly payroll gains; revisions to July and August data now bring average gains over that period to 140,000, before September’s outsized growth. The unemployment rate ticked back down to 4.1%, with the number of unemployed workers falling by 281,000.
This report underscores that the Fed’s decision to cut rates last month was preemptive against risks that had yet to materialize. The report alleviated concerns of an abrupt hiring slowdown with upward revisions to recent months.
This is the first of five core datapoints that Fed policymakers will receive ahead of their November 7 meeting, along with Q3 GDP, PPI, PCE, and CPI. We see September’s jobs report as helping solidify policymakers’ consensus around two 25bps hikes to end 2024; however, additional data could still shift this narrative.
Trusted Insights for What’s Ahead:
- The US labor market remained resilient in September, adding 254,000 jobs. In addition, upward revisions to July and August leave Q3 average job creation at a strong 186,000.
- The unemployment rate declined to 4.1%, despite growth in the labor force, showing an improvement in job-finding for workers in September.
- While labor market churn remains low, the uptick in hiring and increase in job openings in August JOLTS data potentially show that…
CURRENT EDITION
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