Anna's Daybreak News

_{Just facts, you think for yourself}

Wednesday, 5:12 AM

November 13, 2024

Good morning news friend! Stay informed on the latest developments as the world’s events continue to unfold.📰🌟

TikTok's Future 

TikTok faces a potential ban in the US as early as January 19, 2025, due to a law requiring its Chinese owner, ByteDance, to divest.

This was enacted by President Biden in April. The law allows for a nine-month divestment period, which can extend by three months if a sale is in progress.

President-elect Donald Trump, promised to "save" the app. His transition team, including spokesperson Karoline Leavitt, asserted he has a mandate to act on this campaign promise.

ByteDance has spent over $8 million lobbying against the ban. It also engaged former Trump aides to aid in its cause.

Source: Read More

Weakened Demand Amid Stronger Consumer Confidence

In Q3 of 2024, US banks reported a decline in loan demand. Commercial and industrial loan demand dropped to negative 21.3% from zero in the previous quarter. For small firms, the demand fell to negative 18.6%.

Banks reported a decline in credit card loan demand, falling to negative 2.1% from a positive 2.0%. Auto loan demand decreased to negative 12.8% from negative 10.4%.

A Federal Reserve's survey indicated a decline in perceived debt default risk. The probability of missing a minimum monthly payment fell to 13.9%, down from its highest level since May 2020.

The likelihood of the jobless rate rising over the next year decreased to 34.5%, while personal job loss expectations dropped to 13%. Additionally, the chance of finding new employment if needed rose to 56%, the highest in a year.

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Trump’s Cabinet Choices

President-elect Donald Trump appointed Rep. Mike Waltz as national security advisor and former Arkansas Gov. Mike Huckabee as ambassador to Israel. Elon Musk will lead a new US government efficiency group tasked with cutting federal waste.

South Dakota Gov. Kristi Noem has been selected as Secretary of Homeland Security, tasked with implementing Trump’s immigration plans. Reports indicate that Trump is considering Marco Rubio for Secretary of State.

Former Rep. Lee Zeldin will lead the Environmental Protection Agency, focusing on deregulation. Tom Homan, former ICE Director, takes on the role of Border Czar.

Finally, Trump nominated Pete Hegseth as defense secretary. Hegseth is an Army National Guard captain and Fox News host.

Source: Read More

Houthis Attack US Warships

Two U.S. Navy destroyers, USS Stockdale and USS Spruance, were attacked by Yemen's Houthi rebels while navigating the Bab el-Mandeb Strait.

The attack included at least eight drones, five anti-ship ballistic missiles, and three anti-ship cruise missiles. The crews successfully intercepted all incoming threats.

Additionally, the Houthis falsely claimed they targeted the USS Abraham Lincoln but were contradicted by Pentagon officials.

The US military has launched strikes on over 15 Houthi positions in previous months, with ongoing operations aimed at degrading their threat to international shipping.

Source: Read More

Apple’s AI Wall Tablet

Apple is set to launch an AI-powered smart home hub, code-named Project J490, by March 2025. This device resembles a small, wall-mounted iPad and features a 6-inch voice-activated touchscreen.

It supports natural language processing, task management, and automation. The hub includes a camera for FaceTime and built-in speakers.

A new OS, Pebble, merges elements from iOS and Apple Watch OS, offering a customizable home screen with widgets. It also has proximity sensors to adjust the display based on user distance.

The price could reach $1,000. Apple plans to introduce a high-end version featuring a robotic arm to control appliances.

Source: Read More

“When people call you intelligent, it is almost always because they agree with you. Otherwise they just call you arrogant.”

Baked with love,

Anna Eisenberg ❤️