Headline News from The Associated Press
AP Headline News - Jul 05 2024 07:00 (EDT)
This is AP News. I'm Rita Falle. President Biden is trying to salvage his re-election campaign after last week's disastrous debate performance against Donald Trump. The president's campaigning today in Wisconsin and sitting for an interview with ABC. I'm not going anywhere. President Biden added July 4th barbecue on the White House, South Lawn. But sources tell AP his re-election bids under great pressure with some financial backers, canceling fundraisers. California Governor Gavin Newsom offered a forceful defense at a Democratic event in Michigan, maintaining President Biden has the record and energy to win. The character to lead. Newsom's been mentioned as a possible replacement if Biden ends his campaign, Ben Thomas Washington. Britain's getting a new Prime Minister today, Labour leader Keir Stormer telling cheering supporters. We did it. You campaigned for it. You fought for it. You voted for it. And now it has arrived. Change begins now. Beryl is already affecting both the island of Cozumel and Tulum with some very heavy rains and strong winds. The area is expected to experience hurricane force winds, a dangerous storm surge and heavy rainfall over that part of the area within the hurricane warning area. Two people were killed and nine others injured. When a pickup truck drove into people celebrating the 4th of July holiday in New York City, authorities suspect alcohol was involved. Four of the injured are critical, say authorities in New York. This is AP News. We get the June jobs report today. Experts surveyed by the data from facts that believe it'll show that employers added 190,000 jobs in June. That's a solid gain, though it's down from May's 272,000 jobs increase. Experts also predict the unemployment rate remained at a low 4%. Those numbers would suggest that the job market is slowing enough to ease pressure on employers to sharply raise pay, which could feed inflation, but not so much as to cause a wave of layoffs. Forecasters surveyed by facts that also believe that average hourly earnings rose 3.9% last month from a year earlier. That would be the smallest gain since June 2021, but would exceed the 3.5% average annual wage growth that many economists consider consistent with 2% inflation. The Fed wants to see the inflation rate down to 2% Donna Porter, Washington. And I'm Rita Foley, AP News.