Headline News from The Associated Press
AP Headline News - Jul 05 2024 08:00 (EDT)
This is AP News, I'm Rita Falle. It's day one for Britain's new Prime Minister, Labour leader Keir Stormer arrived bucking in palace this morning after his party's landslide victory. The AP's Charles D'Aledesma is in London with the latest. Britain's Labour Party has swept to power after more than a decade in opposition. As a jaded electorate hands the party a landslide victory, Labour supporters are jubilant during leader Keir Stormer's victory speech. What an amazing reception, we did it! Labour though faces a mammoth task of re-invergating a stagnant economy and dispirited nation. Charles D'Aledesma, London. Here in the US President Biden's trying to salvage his re-election campaign after that rocky debate performance last week, he celebrated the 4th of July in Washington yesterday telling a cheering crowd, "We've got to just remember who the hell we are, we're the United States of America!" And there's nothing, nothing beyond that, I mean this in the bottom of my heart there's nothing beyond our capacity, nothing when we do it together, not a single thing." President Biden yesterday, but we're told that some financial backers are holding off or canceling upcoming fundraisers, that's according to a person familiar with the plans, a tragedy on the 4th in New York City, the AP's Jennifer King, with the latest on this. A sad incident marked 4th of July celebrations on Manhattan's Lower East Side Thursday night, New York Police Chief Jeffrey Madry says two people were confirmed dead on the scene and nine others were injured, four critically after a Ford F-150 pickup truck drove into a group at Corlea's Hook Park at a high rate of speed, authorities were testing the driver for possible alcohol use, I'm Jennifer King. The Vatican has excommunicated former ambassador to the U.S. Archbishop Carlo Maria Vigano. Find some guilty of schism. This is AP News. The AP's Shelley Adler with News of a Big Deal The parent company of Sax 5th Avenue plans to buy rival Neiman Marcus. The deal is worth $2.65 billion dollars, the new organization would be called Sax Global. It will be made up of Sax 5th Avenue and Sax off 5th brands, Neiman Marcus and Bergdorf Goodman, as well as the real estate assets of Neiman Marcus Group and HBC, which is a holding company that purchased Sax in 2013. Both Sax and Neiman Marcus have struggled as shoppers have been pulling back on buying high-end goods and shifting their spending toward experiences, like travel and upscale restaurants. I'm Shelley Adler. The Labor Department issues the latest jobs report today. It's expected to show that employers added 190,000 jobs in June, a solid gain. I'm Rita Foley, AP News.