U.S. retail sales flat in July
The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many Americans to spend more cautiously. Retail purchases were flat after having risen 0.8% in June, the Commerce Department reported Wednesday. Economists had expected a slight increase. Still, Wednesday?s report contained some positive signs: Excluding autos and auto parts, retail sales rose 0.4% in July. Lower gas prices likely freed up money for people to spend elsewhere. Gasoline sales slid 1.8%, reflecting the drop in pump prices.
The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many Americans to spend more cautiously. Retail purchases were flat after having risen 0.8% in June, the Commerce Department reported Wednesday. Economists had expected a slight increase. Still, Wednesday?s report contained some positive signs: Excluding autos and auto parts, retail sales rose 0.4% in July. Lower gas prices likely freed up money for people to spend elsewhere. Gasoline sales slid 1.8%, reflecting the drop in pump prices.
Are we in a recession? Economic expert says yes | LiveNOW from FOX
By one common definition, the U.S. economy is on the cusp of a recession. Yet that definition isn’t the one that counts. On Thursday, when the government estimates the gross domestic product for the April-June period, some economists think it may show that the economy shrank for a second straight quarter. That would meet a longstanding assumption for when a recession has begun. But economists say that wouldn’t mean that a recession had started. During those same six months when the economy might have contracted, businesses and other employers added a prodigious 2.7 million jobs — more than were gained in most entire years before the pandemic. Wages are also rising at a healthy pace, with many employers still struggling to attract and retain enough workers. The job market’s strength is a key reason why the Federal Reserve is expected to announce another hefty hike in its short-term interest rate on Wednesday, one day before the GDP report. Several Fed officials have cited the healthy job growth as evidence that the economy should be able to withstand higher rates and avoid a downturn. Many economists, though, are dubious of that assertion.
By one common definition, the U.S. economy is on the cusp of a recession. Yet that definition isn’t the one that counts. On Thursday, when the government estimates the gross domestic product for the April-June period, some economists think it may show that the economy shrank for a second straight quarter. That would meet a longstanding assumption for when a recession has begun. But economists say that wouldn’t mean that a recession had started. During those same six months when the economy might have contracted, businesses and other employers added a prodigious 2.7 million jobs — more than were gained in most entire years before the pandemic. Wages are also rising at a healthy pace, with many employers still struggling to attract and retain enough workers. The job market’s strength is a key reason why the Federal Reserve is expected to announce another hefty hike in its short-term interest rate on Wednesday, one day before the GDP report. Several Fed officials have cited the healthy job growth as evidence that the economy should be able to withstand higher rates and avoid a downturn. Many economists, though, are dubious of that assertion.
Are we in a recession? Economic expert says yes | LiveNOW from FOX
By one common definition, the U.S. economy is on the cusp of a recession. Yet that definition isn?t the one that counts.
By one common definition, the U.S. economy is on the cusp of a recession. Yet that definition isn?t the one that counts.
Stocks under extreme pressure as inflation continues to surge
A closely watched recession predictor in the bond market just flashed red, spurring fresh concern that the U.S. economy is on track for a downturn this year as a result of the Federal Reserve's war on inflation. The spread between the 2-year and 10-year Treasury yields inverted this week for the first time since April on fears that the Federal Reserve's aggressive approach to tackling the hottest inflation in four decades could lead to a sustained slowdown in growth. The phenomenon ? which is rare ? has been a historically accurate predictor of recessions.
A closely watched recession predictor in the bond market just flashed red, spurring fresh concern that the U.S. economy is on track for a downturn this year as a result of the Federal Reserve's war on inflation. The spread between the 2-year and 10-year Treasury yields inverted this week for the first time since April on fears that the Federal Reserve's aggressive approach to tackling the hottest inflation in four decades could lead to a sustained slowdown in growth. The phenomenon ? which is rare ? has been a historically accurate predictor of recessions.
Army to immediately start discharging vaccine refusers
The Army said Wednesday it will immediately begin discharging soldiers who have refused to get the mandatory COVID-19 vaccine, putting more than 3,300 service members at risk of being thrown out soon. The Army?s announcement makes it the final military service to lay out its discharge policy for vaccine refusers. The Marine Corps, Air Force and Navy have already discharged active-duty troops or entry-level personnel at boot camps for refusing the shots. So far, the Army has not discharged any. According to data released by the Army last week, more than 3,300 soldiers have refused to get the vaccine. The Army has said that more than 3,000 soldiers have been issued official written reprimands, which suggests they are already identified in the disciplinary process, and some of them could be among the first to be discharged.
The Army said Wednesday it will immediately begin discharging soldiers who have refused to get the mandatory COVID-19 vaccine, putting more than 3,300 service members at risk of being thrown out soon. The Army?s announcement makes it the final military service to lay out its discharge policy for vaccine refusers. The Marine Corps, Air Force and Navy have already discharged active-duty troops or entry-level personnel at boot camps for refusing the shots. So far, the Army has not discharged any. According to data released by the Army last week, more than 3,300 soldiers have refused to get the vaccine. The Army has said that more than 3,000 soldiers have been issued official written reprimands, which suggests they are already identified in the disciplinary process, and some of them could be among the first to be discharged.
Dealing with COVID-19: How to live with the virus
As new variant continue to spread across the U.S., we talk with doctors about how to live with the virus now and in the future.
As new variant continue to spread across the U.S., we talk with doctors about how to live with the virus now and in the future.
COVID-19 detector: Wearable 'Fresh Air Clip' can detect virus
A new, wearable device may help alert you if you are exposed to COVID-19. Researchers at the Yale School of Public Health developed an easy-to-clip-on device that can help detect low levels of SARS-COV-2 and subsequently whether a person has been exposed.
A new, wearable device may help alert you if you are exposed to COVID-19. Researchers at the Yale School of Public Health developed an easy-to-clip-on device that can help detect low levels of SARS-COV-2 and subsequently whether a person has been exposed.
Schumer: $1 billion allocated to covid-ravaged hospitals
Sen. Charles Schumer (D-NY) announces FEMA?s allocation of $924.4 million is reimbursement for services the 11 public NYC hospitals provided during COIVD-19.
Sen. Charles Schumer (D-NY) announces FEMA?s allocation of $924.4 million is reimbursement for services the 11 public NYC hospitals provided during COIVD-19.
Joe Biden urges schools to remain open, warns you can get virus even if vaccinated
The CDC has been warning about breakthrough COVID-19 infections for the better part of 2021, issuing an update in April that said, "People can still get sick and possibly spread COVID-19 to others after being fully vaccinated." During the outbreak of the delta variant over the summer, the CDC updated its guidance for fully vaccinated people, saying they should wear masks in crowded indoor areas because of the high transmissibility of the variant. While the COVID-19 vaccines can prevent severe illness, hospitalizations and death, breakthrough infections still can and do occur, the CDC said.
The CDC has been warning about breakthrough COVID-19 infections for the better part of 2021, issuing an update in April that said, "People can still get sick and possibly spread COVID-19 to others after being fully vaccinated." During the outbreak of the delta variant over the summer, the CDC updated its guidance for fully vaccinated people, saying they should wear masks in crowded indoor areas because of the high transmissibility of the variant. While the COVID-19 vaccines can prevent severe illness, hospitalizations and death, breakthrough infections still can and do occur, the CDC said.
Remote learning battle: Chicago Teachers Union have long list of safety demands
Covid cases across the country are on the rise and because of the surge many teachers are worried about returning to the classroom. Fox's Garrett Tenney breaks down Chicago Teachers Union's request for remote learning.
Covid cases across the country are on the rise and because of the surge many teachers are worried about returning to the classroom. Fox's Garrett Tenney breaks down Chicago Teachers Union's request for remote learning.
Omicron cases spread, medical contributor talks about variant
As the Omicron variant cases spread, LiveNOW from FOX talks with FOX News medical contributor Dr. Nichole Saphier gives more details on the variant.
As the Omicron variant cases spread, LiveNOW from FOX talks with FOX News medical contributor Dr. Nichole Saphier gives more details on the variant.
2 cases of new omicron covid-19 variant detected in UK | LiveNOW from FOX
United Kingdom Prime Minster, Boris Johnson, says the UK is taking 'targeted measures' to prevent spread of new COVID-19 OMICRON variant.
United Kingdom Prime Minster, Boris Johnson, says the UK is taking 'targeted measures' to prevent spread of new COVID-19 OMICRON variant.
COVID Travel Ban: President comments on new variant & travel ban
The Biden administration will follow advice from Dr. Anthony Fauci and the Centers for Disease Control and Prevention (CDC) and restrict travel from several African nations following the identification of variant B.1.1.529, which appears to be highly contagious among young people.
The Biden administration will follow advice from Dr. Anthony Fauci and the Centers for Disease Control and Prevention (CDC) and restrict travel from several African nations following the identification of variant B.1.1.529, which appears to be highly contagious among young people.
Biden addresses disappointing September jobs report
U.S. officials expected to see half a million new hires in the September 2021 jobs report, but employers added just 194,000 jobs that month. President Joe Biden address the market's disappointing performance.
U.S. officials expected to see half a million new hires in the September 2021 jobs report, but employers added just 194,000 jobs that month. President Joe Biden address the market's disappointing performance.
Biden makes case for his economic plan
President Joe Biden spoke from the East Room of the White House, detailing why passing his economic plan is crucial to the United States.
President Joe Biden spoke from the East Room of the White House, detailing why passing his economic plan is crucial to the United States.
5,600 Hillsborough students quarantined due to COVID-19 | LiveNOW from FOX
FOX 13 Tampa's Jennifer Holton details how thousands of students in Hillsborough County Public Schools are being quarantined due to exposure to COVID-19.
FOX 13 Tampa's Jennifer Holton details how thousands of students in Hillsborough County Public Schools are being quarantined due to exposure to COVID-19.
'Code black': Florida hospital system overwhelmed amid COVID-19 surge | LiveNOW from FOX
AdventHealth on Thursday reported a new pandemic high number of approximately 1,000 COVID-19 hospitalized patients across the health care system?s Central Florida Division. That number surpasses the peak of about 900 patients in January. In response, AdventHealth in Central Florida has moved to what it calls "black status," from "red status," which means it will defer non-emergency surgeries at hospitals throughout the division. A hospital spokesman said patients will be notified if their procedure will be canceled.
AdventHealth on Thursday reported a new pandemic high number of approximately 1,000 COVID-19 hospitalized patients across the health care system?s Central Florida Division. That number surpasses the peak of about 900 patients in January. In response, AdventHealth in Central Florida has moved to what it calls "black status," from "red status," which means it will defer non-emergency surgeries at hospitals throughout the division. A hospital spokesman said patients will be notified if their procedure will be canceled.
'Code black': Florida hospital system overwhelmed amid COVID-19 surge
AdventHealth on Thursday reported a new pandemic high number of approximately 1,000 COVID-19 hospitalized patients across the health care system?s Central Florida Division. That number surpasses the peak of about 900 patients in January. In response, AdventHealth in Central Florida has moved to what it calls "black status," from "red status," which means it will defer non-emergency surgeries at hospitals throughout the division. A hospital spokesman said patients will be notified if their procedure will be canceled.
AdventHealth on Thursday reported a new pandemic high number of approximately 1,000 COVID-19 hospitalized patients across the health care system?s Central Florida Division. That number surpasses the peak of about 900 patients in January. In response, AdventHealth in Central Florida has moved to what it calls "black status," from "red status," which means it will defer non-emergency surgeries at hospitals throughout the division. A hospital spokesman said patients will be notified if their procedure will be canceled.
Biden announces next steps in COVID-19 vaccination push
President Joe Biden on Thursday announced incentives as well as stricter preventative health measures for unvaccinated federal workers to encourage more Americans to get their COVID-19 shots.
President Joe Biden on Thursday announced incentives as well as stricter preventative health measures for unvaccinated federal workers to encourage more Americans to get their COVID-19 shots.
"Moron" - Pelosi slams McCarthy after comments on new CDC mask guidance
House Speaker Nancy Pelosi called Minority Leader Kevin McCarthy a "moron" when asked about his comment that mask mandates for vaccinated people are against the science. "Make no mistake?The threat of bringing masks back is not a decision based on science, but a decision conjured up by liberal government officials who want to continue to live in a perpetual pandemic state," McCarthy said in reaction to new Centers for Disease Control and Prevention (CDC) guidance. CDC Director Rochelle Walensky announced the agency is now recommending that vaccinated people in areas with high COVID-19 case counts wear mask in indoor public settings. The reasoning behind this, Walensky said, is because "in rare occasions, some vaccinated people infected with the delta variant after vaccination may be contagious and pass the virus to others."
House Speaker Nancy Pelosi called Minority Leader Kevin McCarthy a "moron" when asked about his comment that mask mandates for vaccinated people are against the science. "Make no mistake?The threat of bringing masks back is not a decision based on science, but a decision conjured up by liberal government officials who want to continue to live in a perpetual pandemic state," McCarthy said in reaction to new Centers for Disease Control and Prevention (CDC) guidance. CDC Director Rochelle Walensky announced the agency is now recommending that vaccinated people in areas with high COVID-19 case counts wear mask in indoor public settings. The reasoning behind this, Walensky said, is because "in rare occasions, some vaccinated people infected with the delta variant after vaccination may be contagious and pass the virus to others."