1) From ABC news, I am Daria Albinger. With the holiday shopping and shipping season just around the corner, President Biden is announcing some big changes to e-supply chain problems, and to get goods where they need to go. “Not only will the port of Los Angeles now work around the clock unloading shipments; ‘Our nation’s largest retailer is committing to go all in on moving its product 24/7 from the ports to the stores nationwide.’ President Biden announcing that Walmart, Target and shippers UPS and FedEx will work extra shifts and add workers to break the supply chain bottle-necks, hurting companies and raising prices. Andy Field, ABC News, Washington.”
2) A decision is expected from the FDA in a matter of weeks on whether it will grant emergency use authorization for Pfizer’s COVID-19 vaccine for use in 5-11-year-olds. Surgeon General Vivek Murthy today is White House covid response team briefing; “We could hear decisions from both agencies, FDA and CDC by early November, and we will be ready to implement their recommendations as soon as we hear them.” Pfizer is offering a lower dose of its two-shot vaccine for kids.
3) Regulators are also hoping that more Americans will shake the salt habit. The FDA is suggesting a voluntary reduction in sodium intake in foods that we prepare in those made by food service businesses. White House spokesman Jen Psaki; “On average, Americans consume 50% more sodium than recommended, which is liked to high blood pressure and increased risk of heart disease and stroke, and we believe that today’s action will lead to 12% reduction in average sodium intake over the next 2 and a half years.” The average sodium intake is about 3400 mg a day; the new guideline for those 14 and older to keep it to 2300 mg or less.
5) Going where few men or women for that matter have gone before, actor William Shatner best known for playing Captain James T Kirk of Star Trek, took a ride to the Age of Space on a Blue Origin rocket. You’re listening to ABC News.
6-1) I am Charles
Payne, and this is the Fox Business report.
“Stocks finished mixed with the Nasdaq and S&P 500 snapping a 3-session losing streak as investors digested earnings results and inflation data. The consumer price index was 5.4% in the year ending in September, a slightly faster pace in expected as labor shortages and supply chain snarls kept prices high. The Dow falling less than a percent, the Nasdaq up 106 points, S&P 500 up 13.
6-2) And shares of JP Morgan Chase tumbled nearly 3% despite reporting earnings and revenue that exceeded Wall Street estimates. The Wall Street bank benefited from the release of over $2 billion of loan-loss reserves that will build up to ride out after pandemic.
6-3) And shares of Apple ended slightly lower
following reports that the tech giant will cut iPhone 13 production to up to 10
million units amid a shortage of components from chip suppliers, Broadcom and Texas
instruments.
That’s your Fox Business report. I am Hilarie Barsky, invested in you.”
