Newsletter Oct 30, 2024

Quick Six

Harris delivers closing address at site of Trump's Jan. 6 rally
Vice President Kamala Harris on Tuesday night addressed voters from the scene of Donald Trump's alleged crime -- the infamous Jan. 6, 2021 rally -- to make her closing case to the American people before next week's presidential election. An estimated 52,000 supporters turned out to the Ellipse in Washington, D.C., taking her Republican rival to task for his divisive campaign while also painting a picture of the future if she is elected to office with the White House prominently featured in the background.
SEE HARRIS' MESSAGE TO VOTERS WITH ONE WEEK LEFT

Google's parent Alphabet post strong Q3 earnings report
Google's parent company Alphabet reported robust third-quarter results on Tuesday, with revenue climbing 15% year-over-year to $88.3 billion, powered by strong performance from its advertising business and cloud services. The tech giant's net income rose 34% to $26.3 billion, while earnings per share increased 37% to $2.12. Operating margins rose 4.5 percentage points to 32%, reflecting improved efficiency at one of the world's top companies.
SEE HOW ALPHABET STACKED UP AGAINST TECH GIANTS

McDonald's sales growth stunted by deadly E. coli outbreak
A slight uptick in third-quarter sales at McDonald's US restaurants could be derailed by the deadly E. coli outbreak tied to its Quarter Pounder hamburgers. The fast food giant said Tuesday that same-store US sales rose 0.3% from July through September, reversing a 0.7% decline during the second quarter. McDonald's acknowledged during an earnings call that the recent E. coli outbreak hurt its sales momentum, without sharing numbers.
SEE THE ESTIMATED SHOT TO MCDONALD'S Q3 SALES

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Markets

DJIA	42,233.05	-0.36%
S&P 500	5,832.92	0.16%
Nasdaq Composite	18,712.75	0.78%
Japan: Nikkei 225	39,269.88	0.94%
UK: FTSE 100	8,219.61	-0.80%
Crude Oil Futures	67.52	0.46%
Gold Futures	2,792.30	0.40%
Yen	153.17	-0.13%
Euro	1.08	0.03%
* As of market close

Trump defends jokes at NYC 'lovefest' rally

Donald Trump disregarded fallout over several racist and offensive comments made by speakers at a recent New York City campaign rally, insisting the event was "a lovefest." At a Mar-a-Lago address on Tuesday, the former president defended his Sunday rally at Madison Square Garden, which has faced backlash from both Democratic and Republican observers for racist and sexist comments targeting Latinos, Black people, Jews and Palestinians. Tony Hinchcliffe's joke referring to Puerto Rico as a "floating island of garbage" drew particular outrage, especially given the importance of Puerto Rican voters in swing states.

SEE THE LIST OF CELEBS CALLING FOR TRUMP TO APOLOGIZE

Job scams on rise: What you need to know

Job scams are rising across the nation as scammers impersonate recruiters, tricking job seekers into giving them money or personal information. The ruse involves a complex web of lies that includes using online platforms to create fake job listings from legitimate or fake employers. The perpetrators may contact desperate, unemployed individuals directly with enticing offers, like high salaries for low-skilled work or often sought remote positions. One particular fake job ad involves luring job seekers into a cryptocurrency scam, warns the FBI.

FIND OUT THE TOP TIPS FOR IDENTIFYING A FAKE JOB SCAM

Over $3.6B wagered in presidential election

More than $3.6 billion has been bet on the 2024 race for the White House, with gamblers overwhelmingly favoring ex-president Donald Trump over Vice President Kamala Harris -- despite polls that show the contest is a toss-up. The wagering is taking place in prediction markets, where online bettors can purchase yes-or-no contracts that function like derivatives based on which candidate they think will win. Polymarket has the lion's share of the action, with more than $2.6 billion in volume.

ONE FRENCH GAMBLER HAS WAGERED $28M ON TRUMP WIN

Extra point

What was the largest payout from a legal sports wager in US history?

Tuesday's answer: "Pule" is the world's most expensive cheese, using 25 liters of rare Balkan donkey milk from Serbia to produce 1 kilogram.

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