>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after Wall Street closed lower yesterday to start off the new month. Stocks fell on growing concerns over the Middle East and a sharp decline in tech names. At the closing bell, the Dow Jones Industrial Average fell 173 points to 42-156. The S&P 500 lost 53 points to 57-08. The Nasdaq dropped 278 points to 17-910.
>>U.S. Dockworkers Enter Day Two Of Strike
(Washington, DC) -- The Biden administration is supporting U.S. dockworkers on day two of a major union strike. The strike by the International Longshoremen's Association entered its second day today, and is blocking everything from food to vehicle shipments at ports from Maine to Texas. Analysts estimate the strike could cost the U.S. economy roughly five-billion dollars a day. The union represents about 45-thousand U.S. dockworkers, who went on strike just after midnight early Tuesday after contract negotiations collapsed.
>>Musk To Provide Starlink Terminals To Help Helene Storm Victims
(Raleigh, NC) -- Tesla and Space X founder Elon Musk has agreed to send dozens of Starlink receivers and terminals to western North Carolina, to help residents re-gain access to the internet. The portable devices can be used in a variety of settings, including homes and boats. The effort to contact Musk was spearheaded by North Carolina State Senator Danny Britt. Musk responded Tuesday by saying SpaceX will send as many terminals as possible to help areas in need.
>>Job Openings Edge Higher In August
(Washington, DC) -- The number of job openings increased in August. The Labor Department says just over eight-million jobs were available which is up from July's revised tally of seven-point-seven million openings. Analysts say the larger than expected increase signals strength in the labor market. The biggest jump in job openings came in construction, transportation and utilities. According to the Job Openings and Labor Turnover Survey, or JOLTS, report, hiring trended lower in August along with the total number of quits.
>>UAW President Warns Of Possible Strike Against Stellantis
(Detroit, MI) -- United Auto Workers president Shawn Fain says the union is prepared to strike if automaker Stellantis does not honor the contract made last year. In his state of the industry address, he called out the automaker for reportedly breaching the contract by not restarting a plant in Illinois. He says they also stopped production of the Dodge Durango in Detroit. Fain is organizing an upcoming rally that will be at the Stellantis Stampling Plant in Sterling Heights, Michigan.
>>PepsiCo To Buy Siete Foods For 1.2 Billion Dollars
(Undated) -- PepsiCo is buying Siete Foods for one-point-two-billion-dollars. The deal was announced Tuesday, with Pepsi CEO Ramon Laguarta saying the company looks forward to expanding their multicultural portfolio with Siete. The Mexican-American food company was created in 2014, and now sells tortillas, chips, taco shells, salsas, and seasonings that accommodate different dietary restrictions. PepsiCo has been trying to offer healthier options in recent years, and has also recently acquired Bare Snacks, Health Warrior, and PopCorners.
