Anna's Daybreak News

Wednesday, 5:20 AM

October 2, 2024

Good morning news friend! Stay in the know with the latest updates, tracking the fast-moving current of events. 📰🌟

Walz and Vance Face Off in VP Debate

Walz, the Democratic governor of Minnesota, emphasized "steady leadership" amid global crises, contrasting it with Vance's promise of "peace through strength" under Trump.

Walz attacked Trump’s broken promise to build a border wall, claiming only 2% construction occurred. In return, Vance accused Harris of failing on immigration as the "border czar." 

Vance stated that relocating manufacturing would combat climate change while Walz highlighted renewable energy investments. 

About abortion, Walz stressed women’s rights and Vance defended the state-by-state approach.

Note: We try to be as impartial as possible in these articles. We report on what the candidates expressed and not on what our opinions are about their arguments or personas.

Source: Read More

Job Openings Surge

US job openings jumped to 8 million in August, an increase from 7.7 million in July. A three-month high, primarily driven by construction and local government sectors.

Hiring dipped to an average of 116,000 new jobs monthly from June to August, the weakest since mid-2020. Layoffs decreased, but the number of workers quitting their jobs fell to its lowest since August 2020.

Analysts expect a report showing the addition of 143,000 jobs in September, with the unemployment rate steady at 4.2%.

Job openings peaked at 12.2 million in March 2022 but remain above pre-pandemic levels.

Source: Read More

Iran Attacks Israel

Iran launched 181 ballistic missiles at Israel, sparking widespread chaos. The attack occurred at 7:30pm local time, causing almost 10 million Israelis to seek shelter.

Israeli defenses intercepted most missiles. The US assisted in intercepting missiles and bolstering defenses, with President Biden reaffirming support for Israel.

Prime Minister Benjamin Netanyahu declared the attack a "big mistake" and warned that Iran would face consequences.

Iran claimed the strike was retaliation for the deaths of key leaders from Hezbollah and Hamas. It threatened even stronger responses if Israel retaliated.   

Source: Read More

Homeowners’ Wealth Reaches $35 Trillion

In the second quarter of 2024, homeowners’ total equity reached $35.1 trillion. This figure rose by $1.7 trillion from last quarter and by $3.1 trillion compared to last year.

This amount represents nearly 73% of all real estate value, a leap from just 46% in 2012.

The total value of homes owned by residents climbed to $48.2 trillion, marking an increase of $1.8 trillion from the last quarter. More than double from a decade ago.

Mortgage debt increased to $13.1 trillion. On average, each homeowner holds about $267,000 in equity.

 Source: Read More

How Fentanyl Traffickers Exploit Trade Laws

Fentanyl traffickers exploit de minimis rule (a US trade law). This provision allows packages valued up to $800 to enter duty-free with minimal checks.

In fiscal 2023, the US received over 1 billion such packages, a rise from 134 million in fiscal 2015. The US processes 4 million de minimis parcels daily, making it hard for customs to inspect every shipment.

Over 60% of these shipments come from China. Traffickers use this loophole to send precursor chemicals disguised as ordinary items.

Proposed bills could ban all Chinese goods from entering through de minimis and require more information about these packages.

Source: Read More

“Don’t complain too loud about wrongs done to you; you may give ideas to your less imaginative enemies.”

Baked with love,

Anna Eisenberg ❤️