Vance, Walz Politely Disagree In VP Debate

Newsletter Oct 2, 2024

Quick Six

Vance, Walz politely disagree in key vice presidential debate
Unlike their running mates in the earlier presidential debate, US vice presidential contenders J.D. Vance and Tim Walz played surprisingly nice during their Tuesday debate while competing for decisive votes in America's heartland just five weeks before the election. The debate between Walz, the Democratic Minnesota governor chosen by Kamala Harris, and Vance, the Republican senator from Ohio who is Donald Trump's running mate, was less confrontational than last month's debate at the top of the ticket. However, it was likely the last debate before the Nov. 5 election.
FIND OUT HOW THE CANDIDATES FARED IN VP DEBATE

US stocks up on 6 million barrels of oil amid Mideast conflict
The US Department of Energy announced it purchased six million barrels of crude oil for the Strategic Petroleum Reserve (SPR) to protect the nation's energy security. The contracts were awarded for delivery of 1.5 million barrels of crude to be delivered from February 2025 to May 2025 to the Bayou Choctaw site. The government has purchased more than 56 million barrels for the reserve over recent months. The average purchase price was $76 per barrel, which is $19 lower than the 2022 sales price of $95.
THE IMPACT MIDEAST, HELENE ARE HAVING ON OIL PRICES

Biden calls for striking dockworkers to receive a 'fair wage'
President Joe Biden called Tuesday for shipping companies to share some of their record profits and give striking dockworkers a "fair wage" while also warning them against price gouging during the work stoppage. In a prepared statement released by the White House, Biden said some ocean carriers saw their profits skyrocket more than 800% after the COVID-19 pandemic and they should share the wealth with the striking ILA dockworkers.
SEE HOW MUCH MONEY DOCKWORKERS ARE DEMANDING

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Markets

DJIA	42,156.97	-0.41%
S&P 500	5,708.75	-0.93%
Nasdaq Composite	17,910.36	-1.53%
Japan: Nikkei 225	38,034.86	-1.60%
UK: FTSE 100	8,276.65	0.48%
Crude Oil Futures	70.89	1.52%
Gold Futures	2,676.30	-0.52%
Yen	143.96	0.28%
Euro	1.11	0.04%
* As of market close

Israel vows retaliation for Iranian attacks

Israeli officials are warning that Iran is poised to receive a response after Tehran launched hundreds of missiles at the country on Tuesday. "We are prepared to respond," said an army spokesperson, who added that a "targeted response" is already underway. Spokesperson Daniel Hagari said Israel is "on high alert both defensively and offensively." "We will defend the citizens of the State of Israel," added Hagari, who said the military has "plans" and will respond at a time and place of its choosing. Iran said it launched the attacks in retaliation for the killings of Hamas leader Ismail Haniyeh and Hezbollah's Hassan Nasrallah.

WHY THE US FEARS ESCALATION IS GETTING OUT OF CONTROL

Helene damage threatens NC election dates

Election workers in the swing state of North Carolina face a "daunting" challenge in the wake of widespread flooding caused by Hurricane Helene. There were no reports of damaged voting equipment or ballots but 12 county election offices in the western part of the state are closed as a result of the deadly hurricane, and five have requested emergency "attack response kits" to restore communications. The state's voter registration deadline is Oct. 11 and in-person early voting starts Oct 17.

SEE WHAT IS BEING DONE TO ENSURE ELECTION INTEGRITY

California schools ban sugary cereals, sodas

Froot Loops mascot Toucan Sam will have to follow his nose out of California school cafeterias due to a new law that prohibits students from being served or sold food colored with artificial dyes. In addition to the sugary breakfast cereal, the bill bans vividly hued snacks including Flamin' Hot Cheetos, Pop-Tarts, Skittles, M&Ms and Mountain Dew. The law, which takes effect Dec. 31, 2027, targets food items made with the dyes Red 40, Yellow 5, Yellow 6, Blue 1, Blue 2 or Green 3.

SEE THE STUDY THAT LINKS FOODS TO BEHAVIORAL ISSUES

Extra point

What was the first commercial breakfast cereal manufactured in the US?

Tuesday's answer: John Tyler served as US vice president for only 31 days until his running mate, William Henry Harrison, died in office in 1841. Tyler was the first to ascend to the presidency due to attrition.

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