NEWS PICKS
US Economy Added 261,000 New Jobs in October as Hiring Stays Strong
The unemployment rate ticked up to 3.7 percent last month, up from 3.5 percent in September. The labor force participation rate edged down from 62.3 percent to 62.2 percent.
Average hourly earnings eased to 4.7 percent year-over-year, down from 5 percent. This was in line with market expectations. Average weekly hours were unchanged at 34.5.
Employment gains were broad-based, driven by health care, professional and technical services, leisure and hospitality, and manufacturing sectors.
In other labor trends in October, the number of people who held two or more jobs declined to 7.496 million. The number of people employed part-time and who would have preferred full-time employment remained high at 3.7 million. The number of people who were not in the labor force but want a job held steady at 5.7 million.
Elon Musk Says Twitter Suffering a ‘Massive Drop in Revenue’ After Activist Group Pressure
“Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists,” he wrote on the platform. “Extremely messed up! They’re trying to destroy free speech in America.”
Musk did not name the groups. Nor did he name the advertisers or companies.
Several days ago, Musk wrote that he met with the heads of several left-wing groups, including the NAACP, the Anti-Defamation League, the League of United Latin American Citizens (LULAC), Color of Change, Free Press, The Bush Center, and the Asian American Foundation.
“Twitter will not allow anyone who was de-platformed for violating Twitter rules back on platform until we have a clear process for doing so, which will take at least a few more weeks,” Musk wrote around the same time.
WILL ADVERTISERS COME BACK TO TWITTER?
WILL ADVERTISERS MOVE TO A PLATFORM WITH A SMALLER AUDIENCE?
Republicans Are Just A Normal Polling Error Away From A Landslide — Or Wiping Out
With just five days until Election Day, Republicans are in good shape in the FiveThirtyEight forecast. If each party were to win every race they are currently favored to win, Republicans would have 51 Senate seats and Democrats would have 49, according to our Deluxe forecast as of Wednesday at 3 p.m. Eastern.1 And if the same thing happened in the House, Republicans would win 225 seats and Democrats would win 210.
SENATE PREDICTIONS
51 SEATS
HOUSE PREDICTIONS
230
Republicans have an 80% chance of winning 218-248 house seats
INVESTING MISTAKES TO AVOID DURRING A RECESSION
MISTAKE #5: MAKING EMOTIONAL INVESTMENT DECISIONS
When markets swing, emotional decision-making can wreak havoc on the most carefully designed investment strategies. Fear and greed can drive anyone’s financial decisions. Fear can cause us to abandon an investment strategy when the outcome is not what we want, while greed can cause us to chase investment fads and take on too much risk. As you invest, you can support your strategy by attempting to manage these emotion-based decisions.(3) As investment representatives, we may be able to help when emotions enter the decision-making process. When markets decline, remember that we can help answer questions, provide reassurance, and show you the opportunities that volatile markets may provide.
