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Former Vice President Joe Biden will travel to Iowa on Tuesday to campaign for Democratic congressional candidate Abby Finkenauer and gubernatorial candidate Fred Hubbell.Aides to Biden had previously said he would likely steer clear of Iowa before the midterm elections to avoid drawing attention away from the candidates to his political future. His visit to the first-in-the-nation caucus state will likely do just that.Biden is considering a 2020 presidential run, a decision he has said will come after the midterms.He will campaign with Finkenauer, who is running against incumbent GOP Rep. Rod Blum in Iowa's 1st Congressional District, Hubbell and state Sen. Rita Hart in Cedar Rapids on Tuesday evening. The location for the event is to be determined.Biden endorsed Finkenauer, who was a volunteer coordinator for his 2008 presidential campaign, this summer."I've had the chance to know Abby for the past 11 years, way back from the days she was organizing volunteers in Iowa in 2007," Biden said in his statement endorsing her earlier this year. "During her time as a State Representative the last 4 years, she has stood up with courage and passion for working families across the state and I can't wait to see her work for a better tomorrow for our country." 1277
Forget about drones and armies of people driving Amazon trucks. One big Wall Street firm thinks Amazon's plan to build up its air freight delivery service may be what really winds up hurting UPS and FedEx.Morgan Stanley analyst Ravi Shanker said in a report Tuesday that both delivery giants could lose 10% of their revenue to Amazon Air by 2025. Shanker cut his price targets on UPS (UPS) and FedEx (FDX) and both stocks plunged more than 6% as a result.It was a particularly gruesome day for transportation stocks due to worries about the broader economy and confusion about the status of US-China trade talks.The Dow Jones Transportation Average, which includes FedEx and UPS as well as leading airlines, truckers and railroads, fell 4.4% -- its worst drop since June 2016.But Shanker paints a picture that should be extremely worrisome to UPS and FedEx.He notes that Amazon (AMZN), which currently is leasing 40 cargo jets, could eventually have 100 planes running and estimates that the planned Amazon Air routes could overlap with more than two-thirds of the volume flown by UPS and FedEx.That's bad news for both companies since Shanker said that UPS and FedEx each generate nearly 20% of their overall revenue from US air deliveries.Amazon has made big investments to bulk up Amazon Air. In the past few years, it has bought stakes in two freight delivery airlines -- Air Transport Services Group (ATSG) and Atlas Air Worldwide Holdings (AAWW).It also announced plans to invest .5 billion in order to build an Amazon Air hub on more than 900 acres of land that it is leasing near the Cincinnati/Northern Kentucky International Airport. Amazon bought an additional 210 acres earlier this year.There's a simple reason why Amazon will want to handle more of its own air deliveries. According to Shanker, Amazon could save between billion and billion next year. That works out to about 3% to 6% of its global shipping costs.But on a day when the broader market was tanking, investors didn't seem too enthusiastic about Shanker's thoughts on Amazon either. Shares of Amazon fell nearly 6%. 2113
Florida Republican Attorney General Pam Bondi issued a pair of letters Sunday taking issue with the lack of criminal investigations tied to the state's elections after the Florida Department of State said it found no allegations of criminal activity.The letters -- one issued to the Florida Department of Law Enforcement and the other to the Department of State -- came two days after the state law enforcement agency announced it had no active investigations related to the election and had been informed by the Department of State there were no allegations of criminal activity.Despite the lack of any criminal allegations referred by the Department of State, Bondi said law enforcement should look into election activities in two key counties and directed Florida Department of Law Enforcement Commissioner Rick Swearingen "to take the necessary steps to promote public safety and to ensure that our state will guarantee integrity in our elections process." 968
Following the controversy sparked by a football player carrying a "thin blue line" American flag on the football field Friday night, Chardon Local Schools Superintendent Michael Hanlon Jr. has banned the flag in a school setting.In a statement to the community, Hanlon said the incident understandably drew responses on social media and direct communications to district officials. 389
FLOYD COUNTY, Ind. -- The sheriff's department is investigating after vandals left anti-Semitic graffiti in several locations in Floyd County over the weekend. The Jewish Community Relations Council shared an image of the vandalism at the Azalea Hills retirement community Monday evening.“The JCRC condemns the anti-Semitic and homophobic vandalism perpetrated against the Azalea Hills retirement community in Floyd Knobs, Indiana,” the group said in a post on their page Tuesday.The Floyd County Sheriff told WHAS-TV that they believe a group of teens was responsible for the vandalism and they do not believe it was targeted at anyone in particular.That same night, deputies found damage to several other areas in town including anti-Semitic graffiti on a school bus, damaged mailboxes and an overturned sheriff’s department trailer.“It’s damage to personal property, that’s the issue,” Sheriff Frank Loop said. “It’s not about any kind of hate crimes or anything like that.”The vandalism at Azalea Hills was cleaned up by Tuesday afternoon. The incident comes just a month after anti-Semitic graffiti was found at a Carmel synagogue, prompting Indiana's Governor Eric Holcomb to push for a hate crime law in Indiana. The Hoosier state is one of only five states in the country that does not currently have a hate crime law on the books. So far no arrests have been made. 1396