Washington — The 20-year-old gunman who tried to assassinate former President Donald Trump in July was dead set on carrying out an attack but appears to have seen the former U.S. leader and current Republican presidential candidate as a “target of opportunity.”

Senior FBI officials shared the updated assessment of Thomas Matthew Crooks on Wednesday, saying the findings are based on almost 1,000 interviews and extensive analysis of his internet search activity and social media accounts.

“We saw through our analysis of all his — particularly his online searches — a sustained, detailed effort to plan an attack on some event,” FBI Special Agent-in-Charge Kevin Rojek told reporters during a phone briefing.

“He looked at any number of events or targets,” Rojek said, adding that when the Trump campaign announced the July 13 rally in Butler, Pennsylvania, the shooter “became hyperfocused on that specific event.”

As for what motivated Crooks to carry out an attack in the first place, officials said that remains a mystery.

“At this time, the FBI has not identified a motive,” said Robert Wells, executive assistant director of the FBI’s National Security Branch.

Wells also said the FBI investigation has found no credible evidence to suggest that the shooter told anyone of his plans or that he had any help from any individuals or foreign governments.

“I want to be clear. We have not seen any indication to suggest Crooks was directed by a foreign entity to conduct the attack,” he said.

The FBI officials further rejected conspiracy theories that have been circulating on social media regarding a potential second shooter.

They said a forensic examination of the shooter’s gun, an AR-style rifle, conclusively linked the weapon to all eight shell casings found on the roof of the building where he carried out the attack.

The FBI officials said only two other shots were fired — one by a local law enforcement officer, and one by a U.S. Secret Service sniper — which hit the shooter in the head, killing him.

FBI investigators have been scouring Crooks’ internet searches and social media activity, and talking to anyone who knew him, ever since he climbed on a roof of a building overlooking the Trump campaign rally in rural, western Pennsylvania and began shooting, leaving Trump with a bloody ear and killing a rallygoer and injuring two others.

Last month, FBI Director Christopher Wray told lawmakers that Crooks appeared to have become fixated on high-profile public figures and that just a week before the attempted assassination, he searched for information on the 1963 killing of U.S. President John F. Kennedy by Lee Harvey Oswald.

“On July 6, he did a Google search for, quote, ‘How far away was Oswald from Kennedy?’” Wray said.

“That’s obviously significant in terms of his state of mind,” Wray added. “That is the same day that he registered for the Butler rally.”

FBI officials on Wednesday presented a more-detailed account of Crooks’ mindset and planning, saying the shooter appears to have started preparing to carry out an attack or shooting as far back as September 2023, using an online account to look at Trump’s campaign schedule.

Starting in April of this year, officials said, the shooter began researching campaign events for Trump and U.S. President Joe Biden.

“In the 30 days prior to the attack, the subject conducted more than 60 searches related to President Biden and former President Trump,” said the FBI’s Rojek, adding the shooter also looked up the dates and locations of the Republican and Democratic national conventions.

But Rojek said that Crooks’ focus on carrying out an attack appears to go back even further, and that he began researching how to make explosives in September 2019.

He said there is also no indication, so far, that Crooks was motivated by any political leanings.

“We’ve seen no definitive ideology associated with our subject either left leaning or right leaning,” Rojek said. “It’s really been a mixture, and something that we’re still attempting to analyze and draw conclusions on.”

It also appears Crooks was clear-headed and methodical in his attempt to kill Trump.  Lab tests showed no signs he was using alcohol or illicit drugs at the time of the attack, FBI officials said.
…

…

…

In the summer of 1993, 46 Israeli, Palestinian, Egyptian and American kids gathered at a camp in the state of Maine. The camp was the brainchild of journalist and author John Wallach, who wanted to provide children of war the chance to build a more secure future. Jeff Swicord reports. Videographer: Karina Chaudhury
…

Washington — Jobs in the U.S. clean energy industry in 2023 grew at more than double the rate of the country’s overall jobs, and unionization in clean energy surpassed for the first time the rate in the wider energy industry, the Energy Department said on Wednesday.

Employment in clean energy businesses – including wind, solar, nuclear and battery storage — rose by 142,000 jobs, or 4.2% last year, up from a rise of 3.9% in 2022, the U.S. Energy and Employment Report said. The rate was above the overall U.S. job growth rate of 2% in 2023.

Unionization rates in clean energy hit 12.4%, more than the 11% in the overall energy business, it said. That was driven by growth in construction and utility industries and after legislation passed in 2022 including the bipartisan CHIPS Act and President Joe Biden’s Inflation Reduction Act, the department said.

Construction jobs in clean energy, driven by the legislation and private-sector investments, “is expected to continue for decades to build out the clean energy infrastructure that we need,” Betony Jones, the Energy Department’s head of energy jobs, told reporters in a call. While unionized members “might move from project to project, there is continuity of that work in order for workers to make a career in that industry,” she said.

Employment in the utility scale and rooftop solar industries grew 5.3% adding more than 18,000 jobs, it said. The solar installation industry in California, the country’s most populous state, says it has lost more than 17,000 jobs due to high interest rates and the state’s lowering of net meter rates that allow customers to be credited for excess power their rooftop panels generate.

New jobs in fossil fuels were mixed. The natural gas workforce grew by more than 77,000 or 13.3%, while jobs in petroleum fell more than 44,000 or 6%. Coal jobs fell nearly 8,500 or 5.3% as power generation continued to switch from coal to gas, wind and solar. White House climate adviser Ali Zaidi told reporters that the report showed the administration’s commitment to pursue both energy and climate security.

Energy remained a mostly male workforce with an average of 73% in 2023 compared with the national workforce average that was 53% male, the same numbers as in the previous year. Women accounted for about half the energy jobs added in 2022, but only 17% of the jobs added in 2023, the report said.

 
…

…

Washington — The White House welcomed on Tuesday the rescue of an Israeli hostage abducted October 7 by Hamas and said a Gaza cease-fire deal is being finalized.

But even if an agreement is reached, a truce is unlikely to extend beyond the six weeks of phase one of the three-phase deal. The next U.S. administration will still inherit the role of managing tensions in the region.

Since becoming the Democratic presidential nominee, Vice President Kamala Harris has aimed to strike a balance between reaffirming U.S. support for Israel and advocating for Palestinian humanitarian needs — in essence, signaling a continuation of President Joe Biden’s policies on the Israel-Hamas war and, more broadly, the Middle East.

Harris summed up her position in her acceptance speech as the Democratic presidential nominee at the party’s convention in Chicago.

“President Biden and I are working to end this war such that Israel is secure, the hostages are released, the suffering in Gaza ends, and the Palestinian people can realize their right to dignity, security, freedom and self-determination,” she said.

Democrats are enthusiastic about Harris, even though she has not yet laid out her own policies. And unlike Biden, a longtime member of the Senate Foreign Relations Committee, most of Harris’ exposure to foreign policy was during her tenure as vice president.

Not having “foreign policy baggage” might benefit Harris in the eyes of Democratic voters, said Natasha Hall, senior fellow with the Middle East Program at the Center for Strategic and International Studies.

Hall pointed out that in October 2002, Biden was one of 77 senators who gave President George W. Bush the authority to use force in Iraq, a decision that eventually became a liability for Biden, much as his staunch support for Israel has become the most divisive issue in his own party.

Adviser’s influence

Those looking to see whether Harris’ Mideast policy will diverge from Biden’s can look to her national security adviser, Phillip Gordon, who is expected to remain in the role if she is elected. He would be the principal adviser to the president on all national security issues, including foreign policy.

“Phil Gordon is the type of adviser that colors in the lines,” Hall told VOA. “He’s the kind of person that I think very much is sort of old-fashioned American foreign policy.”

Gordon was against ousting Iraqi President Saddam Hussein from power in 2003. He chronicled American efforts to overthrow leaders in the Middle East in his 2020 book, “Losing the Long Game: The False Promise of Regime Change in the Middle East.”

“The U.S. policy debate about the Middle East suffers from the fallacy that there is an external American solution to every problem, even when decades of painful experience suggest that this is not the case,” he wrote. “And regime change is the worst ‘solution.'”

Such an outlook would make a Harris administration “very, very cautious to deal assertively with Iran,” said Jonathan Rynhold, head of the Political Studies Department at Israel’s Bar-Ilan University.

From an Israeli perspective, however, Harris’ direct involvement in the administration’s recent decision to deploy more military assets to the Middle East to deter Iran is good news, Rynhold told VOA.

“If that is the policy that she goes on to adopt, then that crosses the minimal threshold of what Israel needs on Iran,” he said. “It may not be what Israel desires, which is a more forceful approach, but it is not a passive one.”

Current Harris aides have told VOA that Harris she intends to stay on the path that Biden has laid out: working beyond a cease-fire toward a two-state solution without sacrificing Israel’s security.

Harris’ former national security adviser while she was in the Senate, Halie Soifer, agreed.

“The vice president and the president have supported U.S. military assistance to Israel, not just for the existing agreement that we have with Israel,” said Soifer, who is now the CEO of the Jewish Democratic Council of America. “But also an increase this year because of their security needs,” she told VOA

Generational and personal background

Biden’s generation, with a more visceral sense of the Holocaust, views Israel as a tiny democracy surrounded by hostile Arab powers. People of Harris’ generation and younger see Israel for what it is today: a thriving democracy and the region’s top military power. While Biden and Harris may share the same goal for Israel’s security, there’s not the same emotional resonance, Rynhold said.

Younger Americans “don’t remember a time when Jews and Israel were extremely vulnerable,” he said. “So they don’t have a same sense of that continuing vulnerability that President Biden really has.”

And for the president, Israel is integral to the story of America’s role in the world.

“America is there to prevent the Holocaust. America is there to support democracies, and Israel is central to his way of understanding that role,” Rynhold said.

If elected, Harris would become the first person to hold the highest office in the land whose parents are both immigrants. Barack Obama’s father was born in Kenya, and Donald Trump’s mother was born in the U.K. Harris’ father came from Jamaica and her mother, from India.

Unlike Biden, who often underscores that he is a Zionist, a loaded term often viewed with scorn in many parts of the world, Harris may be more sensitive to views from the Global South.

In a 2018 speech to an Indian American group, Harris spoke fondly of childhood visits to the home of her maternal grandfather, P.V. Gopalan, describing him as someone who had fought for “freedom and for justice and for independence.”

“She is aware of how the rest of the world may feel about the Middle East, about neocolonialism, neoimperialism,” Hall said. “I really hope that she has the opportunity to bring those experiences to bear if she becomes the president.”

But it’s hard to tell what a Harris doctrine would eventually look like.

“What she says now is directed to winning an election and keeping the Democratic Party together,” Rynhold said.

And since the party is evenly split between those sympathetic to Israel and those sympathetic to the Palestinians, she must express platitudes, he said.

“And that’s what she has done.”
…

…

White House officials welcomed the rescue of an Israeli hostage held by Hamas Tuesday and said they are finalizing a Gaza cease-fire deal. But even if an agreement is reached, a future U.S. administration will still inherit the problem of managing tensions in the Middle East. White House Bureau Chief Patsy Widakuswara looks at potential U.S. policy under Vice President Kamala Harris should she win the November presidential election.
…

…

FALCON HEIGHTS, Minn. — It’s been a wild week of weather in many parts of the United States, from heat waves to snowstorms to flash floods.

Here’s a look at some of the weather events:

Midwest sizzles under heat wave

Millions of people in the Midwest have been enduring dangerous heat and humidity.

An emergency medicine physician treating Minnesota State Fair-goers for heat illnesses saw firefighters cut rings off two people’s swollen fingers Monday in hot weather that combined with humidity made it feel well over 100 degrees Fahrenheit (37.7 degrees Celsius).

Soaring late summer temperatures also prompted some Midwestern schools to let out early or cancel sports practices. The National Weather Service issued heat warnings or advisories across Minnesota, Iowa, South Dakota, Illinois, Kansas, Missouri, Nebraska, Wisconsin and Oklahoma. Several cities including Chicago opened cooling centers.

Forecasters said Tuesday also will be scorching hot for areas of the Midwest before the heat wave shifts to the south and east.

West Coast mountains get early snowstorm

An unusually cold storm on the mountain peaks along the West Coast late last week brought a hint of winter in August. The system dropped out of the Gulf of Alaska, down through the Pacific Northwest and into California. Mount Rainier, southeast of Seattle, got a high-elevation dusting, as did central Oregon’s Mt. Bachelor resort.

Mount Shasta, the Cascade Range volcano that rises to 14,163 feet (4,317 meters) above far northern California, wore a white blanket after the storm clouds passed. The mountain’s Helen Lake, which sits at 10,400 feet (3,170 meters) received about half a foot of snow (15 centimeters), and there were greater amounts at higher elevations, according to the U.S. Forest Service’s Shasta Ranger Station.

Tropical storm dumps heavy rain on Hawaii

Three tropical cyclones swirled over the Pacific Ocean on Tuesday, including Tropical Storm Hone, which brought heavy rain to Hawaii; Hurricane Gilma, which was weakening; and Tropical Storm Hector, which was churning westward, far off the southern tip of the Baja California peninsula of Mexico.

The biggest impacts from Tropical Storm Hone (pronounced hoe-NEH) were rainfall and flash floods that resulted in road closures, downed power lines and damaged trees in some areas of the Big Island, said William Ahue, a forecaster at the Central Pacific Hurricane Center in Honolulu. No injuries or major damage had been reported, authorities said.

Deadly Alaska landslide crashes into homes

A landslide that cut a path down a steep, thickly forested hillside crashed into several homes in Ketchikan, Alaska, in the latest such disaster to strike the mountainous region. Sunday’s slide killed one person and injured three others and prompted the mandatory evacuation of nearby homes in the city, a popular cruise ship stop along the famed Inside Passage in the southeastern Alaska panhandle.

The slide area remained unstable Monday, and authorities said that state and local geologists were arriving to assess the area for potential secondary slides. Last November, six people — including a family of five — were killed when a landslide destroyed two homes in Wrangell, north of Ketchikan.

Flash flood hits Grand Canyon National Park

The body of an Arizona woman who disappeared in Grand Canyon National Park after a flash flood was recovered Sunday, park rangers said. The body of Chenoa Nickerson, 33, was discovered by a group rafting down the Colorado River through the Grand Canyon, the park said in a statement.

Nickerson was hiking along Havasu Creek about a half-mile (800 meters) from where it meets up with the Colorado River when the flash flood struck. Nickerson’s husband was among the more than 100 people safely evacuated.

The flood trapped several hikers in the area above and below Beaver Falls, one of a series of usually blue-green waterfalls that draw tourists from around the world to the Havasupai Tribe’s reservation. The area is prone to flooding that turns its iconic waterfalls chocolate brown.
…

…

McALLEN, Texas — A federal judge in Texas on Monday paused a Biden administration policy that would give spouses of U.S. citizens legal status without having to first leave the country, dealing at least a temporary setback to one of the biggest presidential actions to ease a path to citizenship in years.

The administrative stay issued by U.S. District Judge J. Campbell Barker comes just days after 16 states, led by Republican attorneys general, challenged the program that could benefit an estimated 500,000 immigrants in the country, plus about 50,000 of their children.

One of the states leading the challenge is Texas, which in the lawsuit claimed the state has had to pay tens of millions of dollars annually from health care to law enforcement because of immigrants living in the state without legal status.

President Joe Biden announced the program in June. The court order, which lasts for two weeks but could be extended, comes one week after the Department of Homeland Security began accepting applications.

“The claims are substantial and warrant closer consideration than the court has been able to afford to date,” Barker wrote.

Barker was appointed by former President Donald Trump in 2019 as a judge in Tyler, Texas, which lies in the 5th U.S. Circuit Court of Appeals, a favored venue for advocates pushing conservative arguments.

The judge laid out a timetable that could produce a decision shortly before the presidential election Nov. 5 or before a newly elected president takes office in January. Barker gave both sides until Oct. 10 to file briefs in the case.

The policy offers spouses of U.S. citizens without legal status, who meet certain criteria, a path to citizenship by applying for a green card and staying in the U.S. while undergoing the process. Traditionally, the process could include a yearslong wait outside of the U.S., causing what advocates equate to “family separation.”

The Department of Homeland Security did not immediately return an email seeking comment on the order.

Republican Texas Attorney General Ken Paxton cheered the order.

“This is just the first step. We are going to keep fighting for Texas, our country, and the rule of law,” Paxton posted on the social media platform X.

Several families were notified of the receipt of their applications, according to attorneys advocating for eligible families who filed a motion to intervene earlier Monday.

“Texas should not be able to decide the fate of hundreds of thousands of U.S. citizens and their immigrant spouses without confronting their reality,” Karen Tumlin, the founder and director of Justice Action Center, said during the press conference before the order was issued.

The coalition of states accused the administration of bypassing Congress for “blatant political purposes.”

The program has been particularly contentious in an election year where immigration is one of the biggest issues, with many Republicans attacking the policy and contending it is essentially a form of amnesty for people who broke the law.

To be eligible for the program, immigrants must have lived continuously in the U.S. for at least 10 years, not pose a security threat or have a disqualifying criminal history and have been married to a citizen by June 17 — the day before the program was announced.

They must pay a $580 fee to apply and fill out a lengthy application, including an explanation of why they deserve humanitarian parole and a long list of supporting documents proving how long they have been in the country.

If approved, applicants have three years to seek permanent residency. During that period, they can get work authorization.

Before this program, it was complicated for people who were in the U.S. illegally to get a green card after marrying an American citizen. They can be required to return to their home country — often for years — and they always face the risk they may not be allowed back in.
…

WASHINGTON — An Army private who fled to North Korea just over a year ago will plead guilty to desertion and four other charges and take responsibility for his conduct, his lawyer said Monday.

Travis King’s attorney, Franklin D. Rosenblatt, told The Associated Press that King intends to admit guilt to a total of five military offenses, including desertion and assaulting an officer. Nine other offenses, including possession of sexual images of a child, will be withdrawn and dismissed under the terms of the deal.

King will be given an opportunity at a Sept. 20 hearing at Fort Bliss, Texas, to discuss his actions and explain what he did.

“He wants to take responsibility for the things that he did,” Rosenblatt said.

In a separate statement, he added, “Travis is grateful to his friends and family who have supported him, and to all outside his circle who did not pre-judge his case based on the initial allegations.”

He declined to comment on a possible sentence that his client might face. Desertion is a serious charge and can result in imprisonment.

The AP reported last month that the two sides were in plea talks.

King bolted across the heavily fortified border from South Korea in July 2023, and became the first American detained in North Korea in nearly five years.

His run into North Korea came soon after he was released from a South Korean prison where he had served nearly two months on assault charges.

About a week after his release from the prison, military officers took him to the airport so he could return to Fort Bliss to face disciplinary action. He was escorted as far as customs, but instead of getting on the plane, he joined a civilian tour of the Korean border village of Panmunjom. He then ran across the border, which is lined with guards and often crowded with tourists.

He was detained by North Korea, but after about two months, Pyongyang abruptly announced that it would expel him. On Sept. 28, he was flown to back to Texas, and has been in custody there.

The U.S. military in October filed a series of charges against King under the Uniform Code of Military Justice, including desertion, as well as kicking and punching other officers, unlawfully possessing alcohol, making a false statement and possessing a video of a child engaged in sexual activity. Those allegations date back to July 10, the same day he was released from the prison.
…

…

The rapid rise in disposable electronic cigarette, or vape, usage is creating a tidal wave of pollution, and it’s raising serious environmental concerns. Aron Ranen reports from New York City about one woman who is trying to make a difference.
…

A memorial run has been held in Simi Valley, California to honor 13 U.S. service members killed three years ago during a suicide bombing as U.S. troops were withdrawing from Afghanistan. VOA’s Genia Dulot attended this year’s run and spoke to two Gold Star families as well as the event organizer, whose son survived the attack at the Kabul airport.
…

ANCHORAGE, Alaska — One person was killed and three were injured by a landslide that prompted a mandatory evacuation in the Alaska city of Ketchikan, authorities said.

Three people were transported to Ketchikan Medical Center following the landslide, which struck around 4 p.m. Sunday and damaged homes and infrastructure, the Ketchikan Gateway Borough and City of Ketchikan said in a joint statement Sunday.

Alaska Gov. Mike Dunleavy declared an emergency for Ketchikan, while Borough Mayor Rodney Dial and city Mayor Dave Kiffer issued a separate emergency declaration.

“Friends, is with a heavy heart we relay that a landslide in the city has taken a life, caused several injuries, damaged homes and impacted our community,” Dial said in the statement.

Kiffer said the loss of life was “heartbreaking, and my heart goes out to those who lost their homes.”

“In my 65 years in Ketchikan, I have never seen a slide of this magnitude. With the slides we have seen across the region, there is clearly a region-wide issue that we need to try to understand with the support of our State geologist,” Kiffer said.

Two of the victims were admitted to the hospital and one was treated and released. All other individuals have been accounted for, the statement said.

Multiple homes were impacted by the landslide and a mandatory evacuation was ordered for residents of Third Avenue and nearby streets, while a shelter was set up at Ketchikan High School, the borough and city said.

A potential secondary landslide area was identified to the south of the original slide location and crews were standing by, the statement said.
…

…

Beijing — China on Sunday expressed its opposition to the latest U.S. sanctions on Chinese companies over their alleged ties to Russia’s war in Ukraine, saying it will adopt necessary measures to safeguard the rights and interests of the country’s businesses.

The U.S. announced Friday sweeping sanctions on hundreds of firms in Russia and across Europe, Asia and the Middle East, accusing them of providing products and services that enable Russia’s war effort and aiding its ability to evade sanctions. The U.S. Department of State said it was concerned by “the magnitude of dual-use goods exports” from China to Russia.

The Ministry of Commerce in China in its statement firmly opposed the U.S. putting multiple Chinese companies on its export control list. The move bars such companies from trading with U.S. firms without gaining a nearly unobtainable special license.

The ministry said the U.S. action was “typical unilateral sanctions,” saying they would disrupt global trade orders and rules, as well as affect the stability of the global industrial and supply chains.

“China urges the U.S. to immediately stop its wrong practices and will take necessary measures to resolutely safeguard the legitimate rights and interest of Chinese companies,” it said.

The U.S. action is the latest in a series of thousands of U.S. sanctions that have been imposed on Russian firms and their suppliers in other nations since Russia’s invasion of Ukraine in February 2022. The effectiveness of the sanctions has been questioned, especially as Russia has continued to support its economy by selling oil and gas on international markets.

According to the U.S. State Department, some China-based companies supplied machine tools and components to Russia companies.

China has tried to position itself as neutral in the Ukraine conflict, but it shares with Russia high animosity toward the West.

After Western countries imposed heavy sanctions on Russian oil in response to Russia sending troops into Ukraine in February 2022, China strongly stepped up its purchase of Russian oil, increasing its influence in Russia. Russian President Vladimir Putin also underlined the importance of China by meeting in Beijing with Chinese leader Xi Jinping soon after being inaugurated for a fifth term in the Kremlin.
…

…

New York — The rally in U.S. stocks faces an important test […]  with earnings from chipmaking giant Nvidia NVDA.O, whose blistering run has powered markets throughout 2024.  

The S&P 500 .SPX has pared a sharp drop it suffered after U.S. economic worries contributed to a sell-off at the beginning of the month and again stands near a fresh all-time high.  

Nvidia, whose chips are widely seen as the gold standard in artificial intelligence, has been at the forefront of that rally, jumping by more than 30% since its recent lows. The stock is up some 150% year-to-date, accounting for around a quarter of the S&P 500’s 17% year-to-date gain.  

The company’s Aug. 28 earnings report, coupled with guidance on whether it expects corporate investments in AI to continue, could be a key inflection point for market sentiment heading into what is historically a volatile time of the year. The S&P 500 has fallen in September by an average of 0.78% since World War Two, the worst performance of any month, according to CFRA data.  

“Nvidia is the zeitgeist stock today,” said Mike Smith, a portfolio manager at Allspring Global Investments, which holds the company’s shares in its portfolios. “You can think of their earnings four times a year as the Super Bowl.”  

Some investors are getting ready for fireworks. Traders are pricing in a swing of around 10.3% in Nvidia’s shares the day after the company reports earnings, according to data from options analytic firm ORATS. That’s larger than the expected move ahead of any Nvidia report over the last three years and well above the stock’s average post-earnings move of 8.1% over that same period, ORATS data showed.   

The results come at the end of an earnings season during which investors have taken a less forgiving view of big tech companies whose earnings failed to justify rich valuations or prodigious spending on AI. Examples include Microsoft MSFT.O, Tesla TSLA.O and Alphabet GOOGL.O, whose shares are all down since their July reports.  

Nvidia’s valuations have also climbed, as the stock soared about 750% since the start of 2023, making it the world’s third-most valuable company as of Thursday, while also drawing comparisons to the dotcom bubble of more than two decades ago. The company’s shares trade at about 37 times forward 12-month earnings estimates, compared with a 20-year average of 29 times, according to LSEG Datastream.  

Market sentiment could depend as much on Nvidia’s guidance as its results. Evidence that it sees robust demand will be a bullish sign that companies are continuing to invest rather than pull back in anticipation of an economic slowdown, said Matt Stucky, chief portfolio manager, equities, at Northwestern Mutual Wealth Management.  

Nvidia’s “connection to the largest companies in the U.S. stock market makes this a must-watch event,” he said. “The biggest piece that investors want to know is whether there is sustainability and what demand will look like in ’25 and ’26,” he said.  

The trajectory of monetary policy and the U.S. economy also looms large for investors. In a Friday morning speech in Jackson Hole, Wyoming, Federal Reserve Chair Jerome Powell offered an explicit endorsement of interest rate cuts, saying further cooling in the job market would be unwelcome.  

Investors will be watching U.S. labor market data on Sept. 6 for evidence of whether last month’s unexpected downshift in employment carried over to August. Signs that employment is continuing to weaken could bring back the recession fears that rocked markets earlier this month.  

A tight presidential race between Vice President Kamala Harris, a Democrat, and Republican former President Donald Trump may also whip up market uncertainty in the weeks ahead.  

The August surge in stocks may make it difficult for markets to make much more headway in the near term even if Nvidia’s earnings impress Wall Street, said John Belton, a portfolio manager at Gabelli Funds, which holds shares of the chipmaker.  

The S&P 500 trades at 21 times expected earnings, far above its long-term average of 15.7.  

“The stock market as a whole is still trading at stretched valuations so the bar remains high,” Belton said. 
…

HONOLULU — Hurricane Hone passed just south of Hawaii early Sunday, dumping enough rain for the National Weather Service to call off its red flag warnings that strong winds could cause wildfires on the drier sides of islands in the archipelago.

Hone had top winds of 80 mph (130 kph), according to a 2 a.m. advisory from the Central Pacific Hurricane Center in Honolulu, and was moving west near the southernmost point of the Big Island, close enough to sweep the coast with tropical storm force winds and to drop up to a foot (30 centimeters) or more of rain on the windward and southeast-facing slopes of the Big Island, with locally higher amounts possible. 

Hurricane Gilma, meanwhile, increased to a Category 4 hurricane Saturday night, but it was still about 1,480 miles (2,380 kilometers) east of Hilo and forecast to weaken into a depression before it reaches Hawaii.

“Hone’s main threats to the state continue to be the potential for heavy rainfall leading to flooding, damaging winds and large surf along east-facing shores,” the weather service advised early Sunday. 

Some Big Island beach parks were closed due to dangerously high surf and officials were preparing to open shelters if needed, Big Island Mayor Mitch Roth said.

Hone, whose name is Hawaiian for “sweet and soft,” poked at memories still fresh of last year’s deadly blazes on Maui, which were fueled by hurricane-force winds. Red flag alerts are issued when warm temperatures, very low humidity and stronger winds combine to raise fire dangers. Most of the archipelago is already abnormally dry or in drought, according to the U.S. Drought Monitor.

“They gotta take this thing serious,” said Calvin Endo, a Waianae Coast neighborhood board member who lives in Makaha, a leeward Oahu neighborhood prone to wildfires.

The Aug. 8, 2023, blaze that torched the historic town of Lahaina was the deadliest U.S. wildfire in more than a century, with 102 dead. Dry, overgrown grasses and drought helped spread the fire.

For years, Endo has worried about dry brush on private property behind his home. He’s taken matters into his own hands by clearing the brush himself, but he’s concerned about nearby homes abutting overgrown vegetation.

“All you need is fire and wind and we’ll have another Lahaina,” Endo said Saturday. “I notice the wind started to kick up already.”

The cause of the Lahaina blaze is still under investigation, but it’s possible it was ignited by bare electrical wire and leaning power poles toppled by the strong winds. The state’s two power companies, Hawaiian Electric and the Kauai Island Utility Cooperative, were prepared to shut off power if necessary to reduce the chance that live, damaged power lines could start fires, but they later said the safety measures would not be necessary as Hone blew past the islands. 

Roth said a small blaze that started Friday night in Waikoloa, on the dry side of the Big Island, was brought under control without injuries or damage.
…

Dubai, United Arab Emirates — U.S. rapper Macklemore has announced he is cancelling an upcoming show in Dubai over the UAE’s involvement in the conflict in Sudan, charges the Gulf state has denied.

The rapper best known for hits like 2012’s “Thrift Shop” made the announcement in a post on social media on Saturday.

“I have decided to cancel my upcoming show in Dubai this October,” he said.

“Over the last several months I’ve had a number of people reach out to me, sharing resources and asking me to cancel the show in solidarity with the people of Sudan,” he said.

“Until the UAE stops arming and funding the RSF I will not perform there,” Macklemore added, referring to the paramilitary Rapid Support Forces that have been battling the Sundanese army.

War has raged since April 2023 between the Sudanese army, under the country’s de facto ruler Abdel Fattah al-Burhan, and the RSF, which is commanded by Burhan’s former deputy Mohamed Hamdan Daglo.

For months, the army has accused the UAE of supporting the RSF.

In June, Sudan’s ambassador to the United Nations Al-Harith Idriss al-Harith Mohamed called Abu Dhabi’s financial and military support for the RSF the “main reason behind this protracted war.”

The UAE has denied allegations of RSF support as “disinformation,” saying that it’s efforts are focused exclusively towards de-escalation and alleviating Sudan’s humanitarian suffering.

Macklemore has released socially aware music in the past, supporting LGBTQ+ rights while also criticizing ills including poverty and consumerism.

In his latest track released in May, Macklemore voices support for Palestinians and also praises students across the United States protesting against Israel’s war in Gaza.

The song, “Hind’s Hall,” is named after a building at Columbia University that students recently occupied and renamed after Hind Rajab, a six-year-old Palestinian girl killed in Gaza. 
…