Headline News from The Associated Press
AP Headline News - Apr 05 2024 11:00 (EDT)
AP News, I'm Patten Giuliani, an earthquake shook the New York City area today with a preliminary magnitude of 4.8, according to the US Geological Survey. Employers added 303,000 jobs in March, AP correspondent Shelley Adler reports. The Strong Jobs Report is another sign of economic strength. This is just a very solid number. I think this is the kind of jobs report that the Federal Reserve wants to see. Ambassador Gus Fauche, the Chief Economist at PNC Financial Services Group, who says don't expect the Fed to cut rates at its next meeting in a few weeks. They want to see more of a slowing in inflation before they start to cut rates. That being said, I do think that we will see rent growth slow in particular over the next few months, and that will give the Fed the confidence to cut interest rates when they meet in June. The unemployment rate dipped to 3.8% from 3.9 in February. I'm Shelley Adler. There's a new statement from the World Central Kitchen, which lost seven workers in Gaza and in an Israeli airstrike. AP correspondent Charles D'Aladezma has more. It remains unclear whether the punishments and apology from Israel would calm an international outcry over the deaths of the world's central kitchen workers, or reassure international A groups that it's safe to resume operations in Gaza, where nearly a third of the population is on the brink of starvation. In a statement, the food charity calls the investigation and disciplinary actions important steps forward. However, it adds, it's also clear from the preliminary investigation that the IDF has deployed deadly force without regard to its own protocols, chain of command and rules of engagement. However, without systemic change, there will be more military failures, more apologies and more grieving families. The Israeli military said earlier today that it dismissed two officers for their role in the drone strikes. This is AP News. Stocks rose on Wall Street today, and Treasury yields climbed following a hot U.S. jobs report. I'm Damien Treisi, and this is Markets in a Minute. Stocks gained ground on Wall Street, and Treasury yields rose Friday following a hot U.S. jobs report. The S&P 500 rose 0.2 percent. The Dow Jones industrial average rose 8 points, and then that is that composite rose 0.4 percent. U.S. employers added a surprisingly strong number of jobs in March, which bodes well for the economy, but could complicate the Federal Reserve's path ahead for interest rates. Wall Street is hoping the central bank will start cutting interest rates in June, but strong economic data and worries about inflation reheating could give the Fed a reason to hold off on easing its benchmark rate. AP correspondent Joey Kepoletti reports that Michigan Governor Gretchen Whitmer is releasing a new book called "True Gretch." "It admits a fast rise to becoming one of the Democratic Party's most prominent figures." I'm Haya Punjwani, AP News. When everyone is on the same page, getting things done at work is easy. No matter what you do or what industry you're in, how you communicate is key. Everything you type is equally important to collaboration, and Grammarly can help. Think of it as your AI writing partner, empowering you to communicate effectively and efficiently, so you can make a bigger impact in the workplace. 96 percent of Grammarly users say it helps them craft more impactful writing, and as the gold standard of responsible AI, Grammarly is your secure AI writing partner that allows your team to make their point and move faster. By understanding your writing and context, Grammarly provides relevant, personalized suggestions. Don't suggestions, you can navigate even the most difficult work conversations. You can also save time from spending hours editing drafts to just seconds with one click. Sign up and download Grammarly for free at Grammarly.com/podcast. That's g-r-a-m-m-a-r-l-y.com/podcast. Easier said, done.