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Trump meets with Turkish President Erdogan

admin - Latest News - September 25, 2025
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Watch live coverage as President Trump meets with Turkish President Erdogan at the White House. The two are expected to discuss lifting a hold on the sale of F-35 fighter jets to Turkey.



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Sept. 25, 2025, 11:38 AM EDTBy Rob WileData released Thursday reflects the resilience of the U.S. economy, even as concerns about the job market and inflation persist.U.S. economic growth, or the gross domestic product (GDP), reached 3.8% in the second quarter, according to a fresh revision of the data released Thursday by the Commerce Department. That was higher than the most recent estimate of 3.3% and the strongest reading since the third quarter of 2024. The revision largely reflected stronger growth in consumer spending, which was also revised upward, from 1.6% to 2.5%. Multiple surveys show the mood among consumers remains glum — but Thursday’s spending data, plus other releases from banks, signals they remain willing to maintain their pace of purchasing. Meanwhile, new and ongoing claims for unemployment assistance fell over the past week, according to the U.S. Department of Labor. The Federal Reserve said last week it expects the unemployment rate to climb from 4.3% to as much as 4.5% by the end of the year, but the latest data may allay some worries about further deterioration in the job market. “The mother lode of data just released suggest the economy is still doing just fine, despite the slowdown in employment growth,” wrote Alexandra Brown, North America economist for the market insight company Capital Economics, in a note to clients. The U.S. economy remains in a relatively precarious position. The latest GDP reading reflects the three months ending June 30, and the growth picture may have changed since then. A slowing labor market combined with President Donald Trump’s combination of aggressive tariffs and immigration enforcement has generated concerns about tepid growth. While consumer spending has remained resilient, there are growing warnings about a two tiered-economy in which lower- and middle-income people are squeezed as upper-income households continue to spend. Concerns about the job market spurred the Federal Reserve to take action this month, cutting interest rates in a bid to boost economic growth. There was some anticipation it would be the first of many.But Thursday’s positive economic data complicates the Fed’s situation.Following the morning’s data releases, investors dialed back the odds of additional cuts by the Federal Reserve this year. The Fed tends to cut when the economy is showing signs of slowing — and the new figures indicate there may be less of a need for lower interest rates to stimulate growth. “Thursday’s upward GDP revision for [the] second quarter confirmed that the economy grew at a healthy clip, even as tariff uncertainty reached fever pitch during the quarter,” Paul Stanley, chief investment officer of the Granite Bay Wealth Management financial group, said in a statement. “The U.S. economy is resilient and the strong GDP is another indication that we are not at risk of any kind of recession, even with slowing labor market growth.”But there are also concerns that growth is extremely uneven. A growing body of evidence suggests tech companies’ spending on artificial intelligence may almost single-handedly be propping up growth, especially as federal spending cuts and uncertainty over tariffs have clouded sentiment elsewhere. Commerce Department data show that in the first half of 2025, investment growth in equipment — a category that includes computers, electronics and power-supply parts — has been near records. “In the absence of tech-related spending, the US would be close to, or in, recession this year,” wrote George Saravelos, a head of research at the Deutsche Bank financial group. That’s not necessarily good news, he said: In order for tech to continue driving GDP growth, investments in AI, like building out data centers, needs to remain “parabolic.”“This is highly unlikely,” Saravelos said, given forecasts that such investment will likely peak this year.“Other sources of growth will have to take over,” he said. Rob WileRob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
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Sept. 24, 2025, 6:17 PM EDTBy Daniel ArkinJimmy Kimmel’s return to late-night television after a brief suspension drew 6.26 million total viewers, according to preliminary Nielsen ratings, making it the show’s highest-performing regularly scheduled episode in over a decade.The robust ratings are remarkable partly because a typical episode of “Jimmy Kimmel Live!” attracts roughly 1.6 million viewers. Disney, which owns ABC, highlighted that the latest episode did not air in 23% of American households. That’s because Nexstar and Sinclair, two major owners of ABC broadcast affiliates, continue to refuse to run the show following Kimmel’s remarks about the assassination of conservative activist Charlie Kirk.Jimmy Kimmel becomes emotional during monologue after returning to air01:57Kimmel had been at the center of a political firestorm for nearly a week after he commented on the political motivations of the man suspected of killing Kirk at an event at Utah Valley University on Sept. 10.“The MAGA gang [is] desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them and doing everything they can to score political points from it,” he said on his Sept. 15 show.Investigators had not yet released details about the suspect’s possible motive at the time.Authorities have charged Tyler Robinson, 22, with murder. Utah Gov. Spencer Cox has said the suspect grew up in a conservative household in Utah but later became influenced by what he characterized as “leftist ideology.”Two days after Kimmel’s remarks about MAGA, Federal Communications Commission Chairman Brendan Carr accused him of being part of a “concerted effort to lie to the American people” and threatened to “take action” against Disney at the regulatory level. Disney’s decision to temporarily pull the show drew backlash from Hollywood talent and lawmakers in both parties, stoking a national debate over free speech.In the opening minutes of Tuesday’s episode, Kimmel, 57, passionately defended free speech and mocked President Donald Trump.“This show is not important,” Kimmel said. “What is important is that we get to live in a country that allows us to have a show like this.”He also attempted to smooth tensions.“You understand that it was never my intention to make light of the murder of a young man,” Kimmel said, his voice breaking. “I don’t think there’s anything funny about it.”In less than 24 hours, Kimmel’s opening monologue has netted more than 26 million views across YouTube and other social media platforms, according to Disney.The initial data does not include streaming viewership, Disney said.Nexstar said Wednesday it was “continuing to evaluate the status of” Kimmel’s show.“We are engaged in productive discussions with executives at The Walt Disney Company, with a focus on ensuring the program reflects and respects the diverse interests of the communities we serve,” Nexstar said in a statement.Sinclair struck a similar chord: “Discussions with ABC are ongoing as we evaluate the show’s potential return.”Daniel ArkinDaniel Arkin is a national reporter at NBC News.
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