There is little concern the independent or third-party candidates will win the presidency, but they could siphon crucial votes from the Democratic and Republican nominees.
But a recent Gallup polling showed 63% of U.S. adults agree with the statement that the Republican and Democratic parties do “such a poor job” of representing the American people that “a third major party is needed.” (The AP 10/09/23) How third-party and independent candidates could threaten Democrats and Republicans in 2024 | AP News
Sidebar: It was reported today that Robert F. Kennedy Jr. will drop his Democrat party affiliation and run for president as an Independent. (Huff Post 10/09/23) Robert F. Kennedy Jr. Announces Independent Presidential Run (msn.com)
Indigenous Peoples Day
From Alcatraz Island to Central Park in NYC, Native American people are celebrating their centuries-0long history of resilience on Oct. 9 with ceremonies, dances and speeches. The events across the U.S. come two years after President Joe Biden officially commemorated Indigenous Peoples Day. Here is a look at why it’s called Indigenous Peoples Day. (The AP 10/09/23)
UAW strike against Mack Truck
GREENSBORO, NC – The United Auto Workers (UAW) union has informed Mack Trucks that their members voted against ratification of a new 5-year collective bargaining agreement covering about 3,900 employees at facilities in Pennsylvania, Maryland and Florida, and that the UAW will strike all of the covered facilities beginning on Oct. 9. (Mack Truck 09/08/23) UAW Members Reject Agreement with Mack Trucks, Announce Strike | Mack Trucks
Regional Note: Volvo Group has a Central Distribution Center (CDC) in Byhalia, Miss. The $70 million facility will support the company’s Mack and Volvo truck lines and employ 250 people. There was no specific information regarding this CDC facility being part of the strike at this time.
Falling casino stocks sign of economy overall?
Casino stocks in the US have experienced a major slump in recent months, potentially signaling a decrease in consumer spending.
Some of the biggest losers in the sector were the Las Vegas Sands and MGM Resorts, both of which have seen their share prices drop more than 20%.
In fact, casino stocks have underperformed the S&P 500 index, which has fallen 8% since July 31.
This decline is likely due to Wall Street's concerns about the economy, driven by factors such as rising inflation and an increase in the unemployment rate. Additionally, Americans are carrying record levels of credit card debt, indicating financial struggles for many individuals.
The performance of the gambling industry is closely tied to the overall state of the economy. (The Press Rundown 10/09/23) Las Vegas casino stocks hint at possible economic downturn (pressrundown.com)
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