Wall Sr view: Solid economy but profits dim ahead
Washington reports strong growth 3.5 percent from July to September with 4.2 percent prior quarter and unemployment at 3.7 percent. Yet investors fear weakening profits from Fed rate hikes and a Trump tariff driven trade war. Dow falls over 2,240 points since Oct. 3 while the dollar strengthens amid higher borrowing costs and global currency shifts. Trump cites national security in tariffs on steel aluminum and about 250 billion in Chinese goods.
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Federal Reserve
China
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Stock indices close with mixed gains to finish the day
The Dow Jones Industrial Average closed at 24,688.31 and the Nasdaq rose to 716,721 with gains of 296.24 and 151.12 respectively, signaling broad market strength as trading ends.
Everything on table to block migrants at border
Homeland Security Secretary Kirstjen Nielsen said that every option is on the table as the administration weighs new measures to deter migrants at the U S border. The plan includes deploying troops, possible asylum limits, and bolstering Border Patrol with fencing, vehicles, and medical teams.
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Matthew Shepard laid to rest at Washington National Cathedral
Matthew Shepard, a symbol in the fight for LGBTQ rights, was laid to rest at the Washington National Cathedral after 20 years without a permanent resting place. More than 2,000 mourners attended the service, led by Bishop V Gene Robinson, with prayers and speeches focusing on love and equality.
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Matthew Shepard
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Dennis Shepard
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Florida voters cast over two million ballots as GOP leads
In Florida more than 2 million voters have already cast ballots with Republicans leading. About 1.48 million have voted by mail and roughly 870,000 GOP voters versus just over 808,000 Democrats. Voters choose between Tallahassee mayor Andrew Gillum and Ron DeSantis for governor, while Rick Scott and Bill Nelson race could decide the Senate.
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23 Arrested in Chicago Gang Case Involving 11 Killings
Federal indictments charge the Goonie Boss faction in Englewood with at least 11 rival killings and years of intimidation. Romeo O-Dog Blackman, 22, named as leader, faces charges as the FBI says social media posts aided the case.
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South Side
Goonie Boss
Romeo “O-Dog” Blackman
Englewood
Jeffrey Sallet
FBI
U.S
John Lausch
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