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The Government Shutdown
10:48 am
Thu October 3, 2013

Without Key Jobs Data, Markets And Economists Left Guessing

JPMorgan Chase trader Frederick Reimer works on the floor of the New York Stock Exchange. The government's monthly jobs numbers won't be released as scheduled Friday, leaving financial markets without key data to evaluate the economy.
Brendan McDermid Reuters/Landov

Originally published on Thu October 3, 2013 12:32 pm

Stock investors and business journalists unite each month for one shared, suspenseful moment — the 8:30 a.m. release of the Labor Department's employment report.

The unveiling of the report — so rich with data on job creation, unemployment, wages and hours — can be counted upon to set off a tsunami of tweets. Economists jump in with instant analysis and politicians fire off press releases with reactions.

That market-moving report was due this Friday.

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The Two-Way
10:46 am
Thu October 3, 2013

Tropical Storm Karen Heading For U.S. Gulf Coast

The storm track forecast for Karen.
National Hurricane Center, Miami

Originally published on Thu October 3, 2013 1:07 pm

Newly formed Tropical Storm Karen, which could reach hurricane strength by Friday, is expected to make landfall on the U.S. Gulf Coast sometime over the weekend.

The National Hurricane Center in Miami says the late-season storm formed Thursday morning about 485 miles south of the Mississippi Delta, with maximum sustained winds of 65 mph. It was moving north-northwest at 12 mph, but was expected to speed up.

Forecasters say it will make landfall in the U.S. either Saturday or Sunday.

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The Two-Way
10:28 am
Thu October 3, 2013

Treasury: New Debt Ceiling Fight Could Derail Economy

Treasury Secretary Jacob Lew leaves the Capitol after a visit on Thursday.
Alex Wong Getty Images

Originally published on Thu October 3, 2013 2:30 pm

The Treasury Department is issuing a warning of dire economic consequences that could rival the Great Recession if Congress is unable to agree on raising the debt ceiling and the nation defaults on its obligations.

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The Two-Way
10:12 am
Thu October 3, 2013

How Do You Get Paid $400,000 At Carnegie Hall? Be A Stagehand

In November 2004, the Grand Ole Opry came to Carnegie Hall.
Paul Hawthorne Getty Images

Originally published on Fri October 4, 2013 12:04 pm

(Update at 1 p.m. ET, Oct. 4: Click here for an important development — management and the stagehands have reached a deal.)

Our original post:

Carnegie Hall's opening night gala was canceled Wednesday because of a strike by stagehands.

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The Two-Way
8:07 am
Thu October 3, 2013

Jobless Claims Stay Near Six-Year Low

There were 308,000 first-time claims for unemployment insurance filed last week, up 1,000 from the week before, the Employment and Training Administration reported Thursday morning.

That means claims continue to run at a relatively low rate that until recent weeks hadn't been seen since the spring of 2007 — six months before the start of the 2007-09 recession.

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The Two-Way
7:55 am
Thu October 3, 2013

Sharp Words Over Shutdown When Lawmaker Visits WWII Memorial

Rep. Randy Neugebauer, R-Texas.
Kevin Dietsch UPI/Landov

The World War II Memorial in Washington, D.C., has become a flashpoint as the partial government shutdown continues.

First there was the attention paid on Tuesday when a group of WWII veterans (with some help from Republican members of Congress and their staffs) ignored barricades and went through with their long-planned visit to the site.

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It's All Politics
7:02 am
Thu October 3, 2013

Thursday Morning Political Mix

Washington has had no shutdown of meetings, like Wednesday's at the White House between President Obama and congressional leaders. But the path to reopening the government seemed no clearer.
Pablo Martinez Monsivais AP

Originally published on Thu October 3, 2013 7:16 am

Good morning, fellow political junkies. As we enter Day 3 of the federal government shutdown, the impasse appears no closer to a solution. Nothing like a way forward seemed to come from President Obama's White House meeting Wednesday evening with congressional leaders.

But, then, we didn't expect much from it since the president's people said he wouldn't be negotiating.

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Asia
6:35 am
Thu October 3, 2013

Boss Releases Video After Employees' 'I Quit' Video

Originally published on Thu October 3, 2013 11:53 am

Transcript

RENEE MONTAGNE, HOST:

Good morning. I'm Renee Montagne. Marina Shifrin became an Internet sensation this week when she danced her way out of the office to Kanye West's hit song "Gone." Captions detailed her grievances, like long hours. Her former company, in Taiwan, makes animated videos, so naturally it responded in kind to "The Quitting Dance."

The Two-Way
6:27 am
Thu October 3, 2013

Dozens Dead, More Feared Lost, After Shipwreck Off Sicily

Some of the victims recovered after Thursday's wreck of a ship near Sicily were placed in body bags before being brought ashore to the island of Lampedusa.
Reuters /Landov

Originally published on Thu October 3, 2013 9:59 am

There's been a sea disaster near Sicily, as The Associated Press reports:

"A ship carrying African migrants to Europe caught fire and capsized off the Italian island of Lampedusa on Thursday, killing at least 94 people as it spilled hundreds of passengers into the sea, officials said. Over 150 people were rescued but some 200 others were still unaccounted-for."

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Around the Nation
6:23 am
Thu October 3, 2013

Family Dog Eats Couple's Vacation Money

Originally published on Thu October 3, 2013 11:53 am

Transcript

STEVE INSKEEP, HOST:

Good morning. I'm Steve Inskeep.

The U.S. dollar remains strong, having weathered an economic meltdown, a government shutdown and the stomach of a dog. Wayne Klinkel of Montana was on vacation with his wife. They left the dog in a car when they stopped at a restaurant and returned to find the dog, Sundance, had eaten five $100 bills. Mr. Klinkel's family collected pieces of money as they emerged and sent them to the U.S. Treasury, which has now reimbursed him.

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