{"id":109871,"date":"2024-10-03T10:13:55","date_gmt":"2024-10-03T03:13:55","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=109871"},"modified":"2024-10-03T10:13:55","modified_gmt":"2024-10-03T03:13:55","slug":"stocks-edge-higher-amid-mideast-caution-tesla-slips-after-deliveries-fall-short","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=109871","title":{"rendered":"Stocks edge higher amid Mideast caution, Tesla slips after deliveries fall short"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>Dockworkers <a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/strike-shuts-us-east-coast-060827896.html\" data-ylk=\"slk:began striking;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">began striking <\/a>across the US East and Gulf Soasts on Tuesday.<\/p>\n<p>The walkout of roughly 45,000 workers could &#8220;hit economic growth and boost inflation&#8221; but only if the strike is long-lasting, Morgan Stanley economist Diego Anzoategui wrote in a note to clients on Wednesday.<\/p>\n<p>&#8220;While Rails have already paused service and shipping rates are temporarily elevated, we believe the Transportation implications should be reasonably limited unless there is a prolonged work stoppage,&#8221; Anzoategui wrote.<\/p>\n<p>He added that food and beverages would likely see the largest price increases from the strike.<\/p>\n<p>Additionally, the strike could impact economic data readings. Goldman Sachs&#8217; economics team estimates that a 10-day strike could result in a 0.2 percentage point hit to gross domestic product in the fourth quarter. Meanwhile, workers remaining on strike through Oct. 12 would likely hurt the October jobs report.<\/p>\n<p>&#8220;If the strike lasts through the reference period, it would directly weigh on October payroll growth by 45k, but the effect would subsequently reverse upon the end of the strike,&#8221; Goldman Sachs economists Elsie Peng and Jessica Rindels wrote in a note to clients Tuesday night.<\/p>\n<p>Given the Federal Reserve&#8217;s focus on the slowing labor market, there is debate among economists about whether or not a weak October jobs report caused by the strike would prompt the Fed to cut interest rates by 50 basis points.<\/p>\n<p>Morgan Stanley&#8217;s economics team argued that &#8220;the Fed tends to look through short-run fluctuations caused by strikes.&#8221; But Renaissance Macro&#8217;s head of economics, Neil Dutta, argued a sharp hit to the October jobs report from both the strike and a recent hurricane in the Southeast would be hard to overlook given <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/americans-quit-their-jobs-at-the-lowest-rate-since-2020-in-august-145429761.html\" data-ylk=\"slk:other signs of slowing in the labor market.;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">other signs of slowing in the labor market. <\/a><\/p>\n<p>&#8220;Yes, these issues might be temporary and will show up more in the Establishment Survey than the Household one, but I don\u2019t think the Fed should ignore them given the balance of risks,&#8221; Dutta wrote. &#8220;Why take chances with inflation resolved?&#8221;<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/news\/live\/stock-market-today-stocks-edge-higher-amid-mideast-caution-tesla-slips-after-deliveries-fall-short-111650883.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dockworkers began striking across the US East and Gulf Soasts on Tuesday. The walkout of roughly 45,000 workers could &#8220;hit economic growth and boost inflation&#8221; but only if the strike &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=109871\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-109871","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/109871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=109871"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/109871\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=109871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=109871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=109871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}