>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after Wall Street closed sharply lower on Friday to cap a losing week that was shortened by the Labor Day holiday. Tech stocks led the decline as lower than expected August jobs data fueled concerns of a slowing labor market. At the closing bell, the Dow Jones Industrial Average lost 410 points to 40-345. The S&P 500 fell 94 points to 54-08. The Nasdaq dropped 436 points to 16-690.
>>Apple To Stream Glowtime Event
(Cupertino, CA) -- You don't have to attend Apple's Glowtime event to watch it. Apple plans to stream today's event on its website and YouTube. The iPhone maker is expected to announce its newest product lines with AI enhancements and capabilities. >>Biden Sign Labor Executive Order (Ann Arbor, MI) -- President Biden has signed what's being dubbed a "Good Jobs" executive order. He signed the "Investing In America and Investing In Americans" order on Friday while visiting a union training center in Ann Arbor, Michigan. The White House says the move promotes "strong labor standards," such as family-sustaining wages, workplace safety, and the free and fair opportunity to join a union.
>>Fed's Waller Supports September Rate Cut
(New York, NY) -- It's looking more likely the Federal Reserve will lower interest rates soon. Fed Governor Christopher Waller said he's in favor of a rate cut at the central bank's upcoming September meeting. Waller noted progress on inflation and "moderation in the labor market" as key reasons for easing policy in a speech in New York late last week. He also echoed Fed Chair Jerome Powell's comment that the "time has come" for adjustments to monetary policy. Waller's remarks followed Friday's release of a weaker-than-expected jobs report.
>>Largest Boeing Union Tentatively Agrees On Contract
(Seattle, WA) -- Boeing's largest union has reached a tentative agreement on a new contract. The International Association of Machinists and Aerospace Workers represents 33-thousand Boeing employees. Under the four-year contract, workers will get raises of 25 percent. Due to seniority step increases, the average increase will be 33 percent. The union wanted 40 percent. Workers will also get lump sum payments of three-thousand dollars, lower health care costs and up to 41-hundred dollars in 401K contributions. The union cut a demand to have a pension plan restarted.
>>Waffle House CEO Dies
(Atlanta, GA) -- Waffle House president and CEO Walt Ehmer is dead at age 58. Atlanta Mayor Andre Dickens announced Ehmer's passing Sunday morning and said he leaves behind a "remarkable legacy." Ehmer joined Waffle House back in 1992 and became CEO in 2012. A cause of death hasn't been reported.
>>Report: Bill Belichick Hopes To Return To NFL In 2025
(Undated) -- A legendary head coach is looking to make a return to the NFL. According to ESPN, Bill Belichick would like to return to coaching in 2025 if the right situation with a good job becomes available. Belichick had numerous opportunities to join various staffs this past offseason, but opted to take the year off. The San Francisco 49ers and Los Angeles Rams were among the teams reported to have interest. The 72-year-old and the Patriots parted ways following the 2023 season after 24 years and six Super Bowl championships. Belichick is 15 regular season or postseason wins away from breaking the all-time record held by Don Shula.
