U.S. Jobs Report Miss, Economic Turmoil, and Political Headlines | The Burning Truth Daily Show Prep
The economy’s condition continues to reveal challenges and surprises. With October’s jobs report missing the mark and revisions showing fewer jobs created than originally reported, Americans are facing a reality check on the state of employment and economic growth. From drops in manufacturing to shifts in political narratives, here’s a closer look at today’s most talked-about stories.
Hour 1: Economic Downturn and October Jobs Report
‘An Ugly Jobs Report’
The October jobs report revealed a significant downturn, with payrolls missing expectations and private sector jobs showing a negative trend for the first time since 2020. The results indicate a troubling outlook for job seekers and reflect a broader decline in economic momentum.
Jobs Shock: Payroll Declines and Negative Revisions
Job creation in October was far below anticipated levels, and in a continuing pattern, previous months’ numbers were revised sharply lower:
August: Revised down by 81,000 jobs from +159,000 to +78,000.
September: Revised down by 31,000, from +254,000 to +223,000.
These corrections bring employment for August and September 2023 down by a combined 112,000 jobs, casting a shadow on any positive interpretations of recent labor data.
Bond Market Under Pressure
Amid disappointing job numbers, bond markets are seeing significant sell-offs, reflecting investor apprehension. This trend is often a precursor to broader economic struggles as investors brace for lower growth projections.
US Manufacturing Faces Decline
October’s manufacturing data underscored the economic challenges, with the U.S. Manufacturing PMI falling to 48.5 in October from 47.3 in September, marking a fourth consecutive month of contraction. ISM’s Manufacturing PMI echoed this sentiment, showing a drop to 46.5—its lowest since June 2023. This is indicative of an ongoing slowdown in U.S. manufacturing activity, which is traditionally a signal of broader economic weakening.
Hour 2: Social and Political Firestorms
Mark Cuban’s Comments Draw Strong Reactions
Entrepreneur and “Shark Tank” star Mark Cuban recently criticized women who support Trump, drawing fierce responses from across the political spectrum. Cuban’s comments led to a wave of reactions, with many highlighting the resilience and voice of conservative women in the political landscape.
Mystery Solved: The Identity of ‘Walter’ in Jennifer McCormick’s Ad
In a surprising twist, the figure “Walter,” a character in Jennifer McCormick’s campaign ad, has been identified. This revelation sparked discussion, as it shed light on political dynamics within the GOP. According to McCormick, individuals like “Walter” represent the type of Republican she sought to distance herself from.
Hour 3: Cultural and Media Controversies
Town Demands Removal of Controversial Halloween Display
In a divisive community decision, a local town has ordered a resident to remove a Halloween display deemed “offensive.” The display featured exaggerated, bloody imagery, and has sparked debate over free expression, taste, and the limits of holiday decorations in public spaces.
As the midterm elections approach, Vice President Kamala Harris has ramped up her rhetoric against former President Trump. In recent appearances, Harris has not held back in her critique, leaving many to wonder if her tactics will help energize her party’s base or alienate undecided voters.
Corporate media’s portrayal of former Congresswoman Liz Cheney’s stance on conservative values has raised eyebrows, with many calling it a case of real “disinformation.” Conservative critics argue that Cheney’s story has been spun to fit a specific narrative, illustrating the power of media influence in shaping political perceptions.
Harvard’s Unique Event: “Taylor Swift as Sacred Text”
In a seemingly ironic turn, Harvard chapel recently hosted an event titled “Reading Taylor Swift as Sacred Text.” This gathering highlights an ongoing trend of secular institutions drawing from pop culture as a way to engage with modern issues, sparking mixed reactions from students and the public alike.
Conclusion
From economic updates affecting the American workforce to cultural controversies and shifting political narratives, the headlines reveal a nation facing multiple challenges. As we approach a critical election period, staying informed is essential. For more on the latest stories, tune in to “The Burning Truth with Casey Hendrickson” daily.
And of course, as has been the case for the entire Biden admin, previous months were revised sharply lower once again: August was revised down by 81,000, from +159,000 to +78,000, and September was revised down by 31,000, from +254,000 to +223,000. With these revisions, employment in August and September combined is 112,000 lower than previously reported. This means that even after the monster September revision when 818K jobs were removed, 7 of the past 9 months were again revised lower!
Minutes after the BLS reported the biggest drop in manufacturing jobs since the COVID lockdowns, S&P Global reported its US Manufacturing PMI rose to 48.5 in October (still in contraction) from 47.3 in September (as ‘hard data’ has exploded higher this month. ISM’s Manufacturing PMI was worse than expected, dropping from 47.2 to 46.5 in October – the lowest since June 2023…
That is the fourth straight month of contraction (sub-50) for the Manufacturing PMI
The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday.
Walt is the type of Republican Jennifer McCormick says she left the GOP over.
.@mccormickforgov hand picked tv stooge “Walter” admits he did the ad because he’s a friend, never liked Braun (can’t say why) & apparently has no idea his view on abortion is Indiana’s law that Braun supports. His inability to stay off social media is gift that keeps on giving! pic.twitter.com/TAGk9A2Oie
Just a pathological liar. How dare Trump make, literally, the same argument that every anti-war activist and Democrat has made the past 20 years about any war supported by Republicans.
Then … to 'apologize' by admitting you don't bother preparing to deliver the news to people…
— Casey Hendrickson 🎙 Syndicated Radio Host (@caseythehost) November 1, 2024
In an effort to make parents accountable for their kids’ bullying, one Wisconsin town is enacting fines on parents for their kids’ repeated bad behavior.
“If MCR-1 becomes global, which is a case of when not if, and the gene aligns itself with other antibiotic resistance genes, which is inevitable, then we will have very likely reached the start of the post-antibiotic era.
In what appears to be a first for a serious presidential contender, Hillary Clinton’s campaign is going after five comedians who made fun of the former Secretary of State in standup skits at a popular Hollywood comedy club.
“We say Merry Christmas, God bless America, we salute our flag & give thanks to our troops, police officers and firefighters. If this offends you, you are welcome to leave. In God we trust.”
President Barack Obama’s Department of Veterans Affairs has banned employees at its facility in Salem, Virginia, from saying “Merry Christmas” to veterans.
Russian Interior Minister Vladimir Kolokoltsev said the offering was a “sign of solidarity with the people and police of France.” He shared a picture of the puppy on Twitter and wrote a letter to France saying, “I ask you to accept from Russia‘s police dog handlers this shepherd puppy, who will be able to take his place in the ranks of Diesel, your dog who died doing his duty.”
“The truth of the matter is there is no effective means or magical litmus test to assess prospective terrorists hidden among the throngs of refugees applying for entry into the United States,” said Nathan Catura, president of the Federal Law Enforcement Officers Association.
In an effort to prevent the infiltration of terrorists, the Canadian government is set to limit its Syrian refugee acceptance program to only women, children and families, the Canadian Broadcasting Corporation reported Sunday night.
The Washington Free Beacon is reporting that U.S. military pilots fighting against the Islamic State in Iraq were blocked from dropping 75 percent of their ordnance on terror targets because the Obama administration would not give clearance to launch a strike.
The worst part is that this is Obama’s version of an “escalation”. He could have taken out ISIS tanker trucks a long time ago, but then the drivers would have died. (Via J.E. Dyer)
President Obama, Secretary of State John Kerry and Democratic presidential frontrunner Hillary Clinton can’t bring themselves to publicly acknowledge that Islam and “Muslims” are inextricably linked to terrorism. Remarkably, however, one Muslim world leader has no problem in speaking openly about the war “within Islam.”
Three Syrians traveling with fake Greek passports are being held in the Dutch Caribbean island of St. Maarten, authorities said, while officials in the Central American nation of Honduras reported detaining a Syrian and two Pakistanis traveling by bus Saturday.
The Obama administration let hundreds of illegal immigrants stay in the U.S. even though federal authorities knew in advance that an open borders group coached them to falsely claim “credible fear” to get asylum, according to documents obtained by Judicial Watch from the Department of Homeland Security (DHS).
The Obama administration did not tell Congress, until recently, that Syrian Refugees were arriving in Louisiana. According to a House Homeland Security Committee aide, Congress did not know about 13 Syrian refugees who arrived in New Orleans over the past two fiscal years until it was reported by a local news outlet 10 days ago.
The son of a New York mob boss has given Islamic State a stark warning, saying if they are planning any attacks in New York, they will have to contend with the Sicilian mafia. The notorious crime syndicate say they want to do their bit to protect locals.
In an effort to make parents accountable for their kids’ bullying, one Wisconsin town is enacting fines on parents for their kids’ repeated bad behavior.
“If MCR-1 becomes global, which is a case of when not if, and the gene aligns itself with other antibiotic resistance genes, which is inevitable, then we will have very likely reached the start of the post-antibiotic era.
In what appears to be a first for a serious presidential contender, Hillary Clinton’s campaign is going after five comedians who made fun of the former Secretary of State in standup skits at a popular Hollywood comedy club.
“We say Merry Christmas, God bless America, we salute our flag & give thanks to our troops, police officers and firefighters. If this offends you, you are welcome to leave. In God we trust.”
President Barack Obama’s Department of Veterans Affairs has banned employees at its facility in Salem, Virginia, from saying “Merry Christmas” to veterans.
Russian Interior Minister Vladimir Kolokoltsev said the offering was a “sign of solidarity with the people and police of France.” He shared a picture of the puppy on Twitter and wrote a letter to France saying, “I ask you to accept from Russia‘s police dog handlers this shepherd puppy, who will be able to take his place in the ranks of Diesel, your dog who died doing his duty.”
“The truth of the matter is there is no effective means or magical litmus test to assess prospective terrorists hidden among the throngs of refugees applying for entry into the United States,” said Nathan Catura, president of the Federal Law Enforcement Officers Association.
In an effort to prevent the infiltration of terrorists, the Canadian government is set to limit its Syrian refugee acceptance program to only women, children and families, the Canadian Broadcasting Corporation reported Sunday night.
The Washington Free Beacon is reporting that U.S. military pilots fighting against the Islamic State in Iraq were blocked from dropping 75 percent of their ordnance on terror targets because the Obama administration would not give clearance to launch a strike.
The worst part is that this is Obama’s version of an “escalation”. He could have taken out ISIS tanker trucks a long time ago, but then the drivers would have died. (Via J.E. Dyer)
President Obama, Secretary of State John Kerry and Democratic presidential frontrunner Hillary Clinton can’t bring themselves to publicly acknowledge that Islam and “Muslims” are inextricably linked to terrorism. Remarkably, however, one Muslim world leader has no problem in speaking openly about the war “within Islam.”
Three Syrians traveling with fake Greek passports are being held in the Dutch Caribbean island of St. Maarten, authorities said, while officials in the Central American nation of Honduras reported detaining a Syrian and two Pakistanis traveling by bus Saturday.
The Obama administration let hundreds of illegal immigrants stay in the U.S. even though federal authorities knew in advance that an open borders group coached them to falsely claim “credible fear” to get asylum, according to documents obtained by Judicial Watch from the Department of Homeland Security (DHS).
The Obama administration did not tell Congress, until recently, that Syrian Refugees were arriving in Louisiana. According to a House Homeland Security Committee aide, Congress did not know about 13 Syrian refugees who arrived in New Orleans over the past two fiscal years until it was reported by a local news outlet 10 days ago.
The son of a New York mob boss has given Islamic State a stark warning, saying if they are planning any attacks in New York, they will have to contend with the Sicilian mafia. The notorious crime syndicate say they want to do their bit to protect locals.
