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WASHINGTON (AP) — America’s employers added 661,000 jobs in September, the third straight month of slower hiring and evidence from the final jobs report before the presidential election that the economic recovery has weakened. With September’s hiring gain, the economy has recovered only slightly more than half the 22 million jobs that were wiped out by the viral pandemic. The roughly 10 million jobs that remain lost exceed the number that the nation shed during the entire 2008-2009 Great Recession.The unemployment rate for September fell to 7.9%, down from 8.4% in August, the Labor Department said Friday. Since April, the jobless rate has tumbled from a peak of 14.7%.The September jobs report coincides with other data that suggests that while the economic picture may be improving, the gains have slowed since summer. The economy is under pressure from a range of threats. They include the expiration of federal aid programs that had fueled rehiring and sustained the economy — from a 0-a-week benefit for the unemployed to 0 billion in forgivable short-term loans to small businesses.Friday’s data offers voters a final look at the most important barometer of the U.S. economy before the Nov. 3 presidential election — an election whose outcome was thrown into deeper uncertainty by the announcement early Friday that President Donald Trump has tested positive for the coronavirus.The rise in confirmed viral cases that is occurring in much of the country could force new business shutdowns or discourage consumers from traveling, shopping or visiting restaurants. A recent wave of layoffs by large companies has heightened fears that the viral outbreak still poses a serious threat to the economy.Disney said this week that it’s cutting 28,000 jobs, a consequence of reduced customer traffic and capacity limits at Disney World in Florida and the ongoing closure of Disneyland in California.Allstate said it will shed 3,800 jobs, or 7.5% of its workforce. Marathon Petroleum, the Ohio refiner, is slashing 2,000 jobs. And tens of thousands of airline workers are losing their jobs this month as federal aid to the airlines expires. The airlines had been barred from cutting jobs as long as they were receiving the government assistance.While congressional negotiations, led by House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin, continue, the prospect of a major new economic aid package before the November elections is highly uncertain. 2478
WASHINGTON (AP) — Former Vice President Joe Biden said Sunday he doesn't believe he ever acted inappropriately toward women but will "listen respectfully" to suggestions he did.Biden, who is deciding whether to join the 2020 presidential race, released a new statement in response to allegations from a Nevada politician that he kissed her on the back of the head in 2014 and made her uncomfortable."In my many years on the campaign trail and in public life, I have offered countless handshakes, hugs, expressions of affection, support and comfort. And not once — never — did I believe I acted inappropriately," he said. "If it is suggested I did so, I will listen respectfully. But it was never my intention."The allegation was made in a New York Magazine article written by Lucy Flores, a former Nevada state representative and the 2014 Democratic nominee for Nevada lieutenant governor.Going on the attack against the prospective 2020 contender, White House counselor Kellyanne Conway said Flores was "quite bold" to "go up against the highest levels of her political party" with the allegations and suggested that Biden should consider apologizing to Flores."If anybody just types in 'Creepy Uncle Joe Videos' you come up with a treasure trove," Conway told "Fox News Sunday.""I think Joe Biden has a big problem here because he calls it affection and handshakes. His party calls it completely inappropriate," she said.Some of the Democratic presidential candidates have expressed support for Flores, but they haven't said it disqualifies Biden from joining the race.Sen. Amy Klobuchar, D-Minn., a candidate for president, said she had "no reason not to believe" Flores' allegations."And I think we know from campaigns and from politics that people raise issues and they have to address them and that's what he will have to do with the voters if he gets into the race," Klobuchar told ABC's "This Week."Speaking to reporters in Iowa over the weekend, Massachusetts Sen. Elizabeth Warren and former HUD Secretary Julian Castro said they believed Flores and indicated it's up to Biden to decide whether he should join the race.In the New York Magazine article published Friday, Flores wrote that she and Biden were waiting to take the stage during a rally in Las Vegas before the 2014 election."I felt two hands on my shoulders. I froze. 'Why is the vice president of the United States touching me?'" Flores wrote. "He proceeded to plant a big slow kiss on the back of my head."The rally's organizer, Henry R. Munoz III, said in a statement Saturday that he spoke to several key people and staff who attended the rally and that they "do not believe that circumstances support allegations that such an event took place." 2729
Walgreens has finally figured out a way to buy Rite Aid -- or about half of it, at least.The pharmacy giant said Tuesday that federal regulators have accepted its .4 billion deal to buy 1,932 Rite Aid stores. That will leave Rite Aid with about 2,600 stores once the deal is finished.The purchase marks the end of a two-years-long fight for Walgreens, which initially tried to buy Rite Aid outright for billion in October 2015.The merger agreement faced intense scrutiny from the start, since it would have left the United States with just two major pharmacy chains: Walgreens and CVS.The agreement was reworked several times over the past few years as Walgreens scaled back the number of stores it intended to purchase. In June, the company tried for a .2 billion deal that would have handed it 2,186 Rite Aid stores.Walgreens recently revised its deal again, said company spokesman Michael Polzin. Polzin said that the waiting period for review by the Federal Trade Commission expired last night at midnight, effectively giving Walgreens the regulatory clearance it needs to move forward.The Rite Aid pharmacies that Walgreens plans to buy will eventually be rebranded as Walgreens stores. But it won't happen all at once.Polzin said the company will begin buying Rite Aids in October, adding that it expects to finish doing so in the spring of 2018.Rite Aid stock was down nearly 7% in premarket trading Tuesday morning -- a change from Monday, when it rose as investors hoped for a better deal.Walgreens stock, meanwhile, was up 2% Tuesday before open. 1572
WAKE COUNTY, N.C. — A 22-year-old man has been charged after posting a video of himself driving 198 miles per hour in a Dodge Challenger SRT Hellcat, according to a KABC?report.In the video below, the driver and his friends can be seen celebrating after his car reached 198 mph on a North Carolina freeway.No, that's not a clip from a Fast and Furious movie.A Challenger SRT Hellcat starts at 707 horse power and tops out at about 200 mph. A 2018 version of the vehicle starts at about ,000.The video went viral online, and was eventually spotted by local police. Police say William Jefferson is now facing street racing and reckless driving charges. 671
WASHINGTON (AP) — President Donald Trump appears to have acknowledged for the first time that Joe Biden won the White House election. But Trump is making clear he's not conceding and will keep trying to overturn the result. Trump’s statements come in tweets that include several baseless claims about the Nov. 3 election, which state and federal officials say was safe and secure. Without using Biden's name, Trump tweets that “he won,” something Trump hasn't said before publicly. But Trump says the Democrat’s victory was only “in the eyes” of the media. There has been no widespread fraud in the 2020 election. Election officials from both political parties have stated publicly that the election went well and international observers confirmed there were no serious irregularities. 793