Late-night TV goes dark as writers strike begins
New York reports the Writers Guild of America strike halts most late-night shows and pushes reruns. About 11,500 writers seek higher pay, more writers per show, and shorter contracts amid streaming driven gains and profit pressure. The strike actions echo 2007 patterns with Tonight Show and SNL among programs switching to reruns. Fox News Gutfeld stays new as others halt productions while studios push a counter offer and address mini rooms and AI use.
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Fed signals another rate rise as easing hope grows
The Fed is set to raise rates today by a quarter point, aiming to clamp inflation yet risking blunt economic harm. Ford earned 1.76 billion in the last quarter, reversing a 3.1 billion loss a year earlier, led by Ford Blue profits and solid US demand. Ford Pro added 1.37 billion while Model e posted a 722 million pre tax loss, with full year pretax guidance of 9 to 11 billion and 42 to 44 cents per share results. In quarterly revenue, Ford rose 20 percent to 41.74 billion on 472k vehicles sold, a 9.9 percent rise, with average sale price at 56,534 dollars. Washington lawmakers debated an ethics code for the Supreme Court, split over Congress power to regulate. witnesses raised constitutional concerns and the separation of powers, with Chief Justice Roberts declining to testify.
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Wall Street Slides as Banks Tumbling Renewaker Fears
Wall Street fell as banks tumbled again and fears rose about higher rates. The S&P, Dow, and Nasdaq all declined with PacWest and Western Alliance among the steep losers. A strong jobs report and Fed rate decision loom as markets brace for potential U.S. government debt default.
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