G7 Oil Release, Weak Hiring, Pike Update and GOP Spending Shifts
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The G7 plans to release 100 million barrels of diesel and crude as oil prices decline. Weak U.S. hiring, an update on Tennessee death row inmate Christa Pike, and Republican campaign spending shifts round out the October 2 news.
- G7 Oil Release and Iran Export Blockade
The planned release aims to stabilize prices, with Brent crude briefly falling below $100 before moving back above that level. The United States has blocked an arrangement to move Iranian oil through Iraq to Pakistan. Reports of military skirmishes inside Iran continue as its economy deteriorates.
- U.S. Adds 29,000 Jobs as Wages Lag Inflation
Unemployment has edged up to 4.2%, with companies holding back on hiring. Inflation has risen four-tenths of a point while wages have risen one-tenth. Economists point to uncertainty over the president's changing tariffs as one reason companies are struggling to budget for wages.
- Christa Pike Unconscious After Execution Attempt
Pike remains unconscious and on a ventilator after Tennessee's lethal injection attempt. Her lawyers describe what happened as torture. Pike and her boyfriend tortured and murdered a 19-year-old woman.
- GOP Redirects Campaign Spending to Kansas
Republicans are increasing support for Roger Marshall in Kansas while cutting spending in North Carolina and most major funding in Georgia. Ossoff continues to lead Collins in Georgia polling. Additional spending for Paxton in Texas and a new advertising commitment from Bottoms in Georgia also feature in the campaign picture.
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