Headline News from The Associated Press
AP Headline News - May 03 2024 20:00 (EDT)
AP News, I'm Ben Thomas. American Employers scaled back hiring last month. Sacramento has the numbers. Monthly job growth had been averaging 276,000 this year. In April, employers added 175,000, a decent increase, but far fewer than predicted and the smallest gain since October. It's assigned persistently high interest rates may finally be cooling the hiring pace. The unemployment rate ticked up to 3.9%. The strong job market has been one factor in keeping inflation above the federal reserves 2% goal. The Fed and Jerome Powell, for now, have put off any interest rate cuts until they get more confidence inflation is sustainably easing. Sagar Magani, Washington. The report went over well on Wall Street. Cessotel has the closing numbers. Yes, and P500 rose 1.3%. It's biggest gains since February. The Dow added 450 points, about 1.2%, and as that climbed 2%. Treasury yields fell in the bond market. The yield on the 10-year Treasury note dropped to 4.5%. Cessotel in New York. Former campaign advisor Hope Hicks testified at Donald Trump's Hush Money Trial about the turmoil created by the infamous Access Hollywood tape. Work crews have begun demolishing a bridge that has Interstate 95 in Connecticut closed. Lisa Dwyer heads to tails. Tribes continue to fray in hours of traffic jams on and around the main artery linking New England and New York. The highway remains shut down in both directions after Thursday morning's three-vehicle wreck in which a gasoline tanker burst into flames that engulfed an I-95 overpass above the wreck. Officials hope to get that section of I-95 going in both directions on Monday. About 160,000 vehicles travel that section of I-95 a day. I'm Lisa Dwyer. In heavy storms slammed the Houston area today leading to high-water rescues including some from rooftops. This is AP News. Britain's governing Conservative Party has suffered heavy losses in local elections in England and Wales. Karen Shamas has a report. The losses are a likely reflection of how the ruling party of 14 years will do in upcoming general elections. Prime Minister Rishi Sunak told reporters he remains unfazed. "I'm focused completely on the job at hand. That's delivering for people across the country." The opposition Labour Party made sweeping gains winning control over many councils in England that it hasn't held for decades. For Kia Stama, the Labour Party leader, it's generally been a stellar set of results. However, Labour did see losses in some areas with large Muslim populations because of Stama's pro-Israel stance. Karen Shamas landed. And for sky watchers, the ADA-acquared meteor shower peaks this weekend, it's caused by debris from Haley's comment. Early Sunday, 10-30 meteors should be visible per hour in the Northern Hemisphere. I'm Ben Thomas, AP News. Thanks for listening. Here in America, work is in trouble. We've offshored our manufacturing, sent away good jobs, and lost so much ability to make things. American Giant is a company that's pushing back against this tide. They make high-quality clothing, sweatshirts, jeans, dresses, jackets, and so much more right here in the USA. Visit american-giant.com and get 20% off your first order when you use code STAPLE20 at checkout. That's 20% off your first order at american-giant.com, promo code STAPLE20.