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The stock market has thrived even with all this economic uncertainty

admin - Latest News - October 8, 2025
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The government shutdown, stubborn inflation and a weak jobs market have yet to derail record stock market gains on Wall Street.



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Sept. 25, 2025, 6:42 PM EDT / Updated Sept. 25, 2025, 7:30 PM EDTBy Matt LavietesThe parents of a girl who remains missing after the flooding that hit Texas this summer said they were “devastated” by Camp Mystic’s plans to reopen next year.Cile Steward was among the 27 campers and counselors killed in July’s catastrophic floods in Kerr County.“Our families remain trapped in the deepest throes of grief, yet your communications treat our never-ending nightmare as little more than a brief pause before resuming business as usual,” her parents, Cici and Will Steward, wrote in a letter Wednesday that was obtained by NBC News. In a letter to camp families Monday, Camp Mystic officials detailed plans to partially open next summer. It said the area of the camp along the Guadalupe River that was destroyed by the floodwaters will not reopen next year.“As we work to finalize plans, we will do so in a way that is mindful of those we have lost,” the letter said.The camp also said it will build a memorial to those killed in the flooding.“Our decision to partially reopen areas of the camp is informed by our faith and our commitment to continue the nearly century-long mission and ministry of Camp Mystic to provide a Christian camping experience for girls that allows them to grow physically, mentally and spiritually,” the camp said in a statement Thursday.A search and rescue volunteer holds a Camp Mystic shirt and backpack, in Comfort, Texas, on July 6. Danielle Villasana for The Washington Post via Getty Images fileIn their letter, the Stewards allege that the camp’s owners did not consult them before deciding to partially reopen.”Had you paused to reflect … you might have spared grieving families the additional anguish your decisions now cause,” they wrote. “Instead, your communications have only intensified our grief.”The camp said Thursday that it notified the parents about the memorial because they “wanted them to be informed” and “welcome their participation as the process develops.”Many of the parents who lost daughters have criticized the camp over its safety measures and preparedness and advocated for legislative change.”Cile must be recovered, and you must fully confront and account for your role in the events and failures that caused the deaths of our daughters,” the Stewards wrote. “Anything less dishonors the children who were killed while in your care — at a time when their safety was your primary responsibility.”This month, Republican Gov. Greg Abbott signed legislation to strengthen camp safety, prohibiting cabins from being in dangerous parts of flood zones and requiring camp operators to develop detailed evacuation plans, among other things.Camp Mystic’s letter to families said that its leaders are “working with engineers and other experts to determine how we will implement the changes required” under the newly passed bills.Matt LavietesMatt Lavietes is a reporter for NBC News.
September 24, 2025
Sept. 24, 2025, 12:52 AM EDTBy Phil Helsel, Angela Yang and Doha MadaniLOS ANGELES — Returning to the air to thunderous cheers and applause in his first episode since ABC suspended his late-night show, Jimmy Kimmel on Tuesday took direct aim at President Donald Trump while also trying to smooth tensions following his joke about the Republican reaction to the killing of Charlie Kirk.”You understand that it was never my intention to make light of the murder of a young man,” Kimmel said, his voice breaking, during his opening monologue. “I don’t think there’s anything funny about it.”Disney-owned ABC took “Jimmy Kimmel Live!” off the air last Wednesday after conservative fury over comments Kimmel made during a show monologue and after public criticism from the Trump-appointed chair of the Federal Communications Commission.A furious backlash to ABC’s decision followed, with prominent voices in and outside the entertainment industry saying it amounted to an attack on free speech by the administration.Kimmel said Tuesday that the Trump administration “tried to coerce the affiliates who run our show, in the cities that you live in, to take my show off the air.””That’s not legal. That’s not American, that is un-American, and it’s so dangerous,” he said.The events that led to Kimmel’s suspension began Sept. 15, five days after a gunman fatally shot Kirk, a popular activist on the right, as Kirk was at a public event at Utah Valley University in Orem.Kimmel’s comments came at a time when investigators had not released details about the suspect’s potential motives.Jimmy Kimmel on “Jimmy Kimmel Live!” in Los Angeles on Tuesday.Randy Holmes / Disney“We hit some new lows over the weekend, with the MAGA gang 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,” Kimmel said in the monologue.Tyler Robinson, 22, was charged the next day with Kirk’s murder. In charging documents, prosecutors released text messages in which, they said, Robinson said he targeted Kirk because he had “had enough of his hatred.”During his monologue Tuesday, Kimmel praised Kirk’s widow, Erika Kirk, for saying at a memorial Sunday that she has forgiven her husband’s killer.“She forgave him. That is an example we should follow,” Kimmel said, emotion in his voice. “If you believe in the teachings of Jesus, as I do, there it was. That, that’s it. A selfless act of grace. Forgiveness from a grieving widow.”“It touched me deeply, and I hope it touches many,” Kimmel said. “And if there’s anything we should take from this tragedy to carry forward, I hope it can be that.”Dandidi outside the taping of “Jimmy Kimmel Live!” on Tuesday.Alex Welsh for NBC NewsOn Tuesday outside the El Capitan Entertainment Centre in Hollywood, where “Jimmy Kimmel Live!” is taped, ticket holders were eager to file in to be in the audience. Gabriela De Vries, who is from Germany, said she was shocked when the show got pulled off the air just as she had flown in to see Kimmel. Dressed head to toe in a star-spangled outfit and matching face paint, a man who goes by Dandidi applauded those who “pressured [Disney] by taking action — no thoughts and prayers, action — by canceling their Disney, putting that heat under them.”ABC suspended Kimmel’s show after FCC Chair Brendan Carr described his monologue jokes as “the sickest conduct possible” in an interview with conservative commentator Benny Johnson. Carr threatened regulatory action. Hours later, Nexstar Media Group said it would pre-empt Kimmel’s show for the “foreseeable future” on all its ABC-affiliated channels. Carr thanked Nexstar for “doing the right thing” on X and encouraged other local broadcasters to follow its lead. Sinclair, another broadcast ownership group, quickly followed Nexstar in saying it, too, would pre-empt Kimmel’s show on its 30 ABC-affiliated stations. The companies reiterated this week that they would continue to do so. Both companies have pending business before the FCC. Nexstar said last month it intends to put in a bid to buy another broadcast company, Tegna, which would most likely require the FCC to loosen its 39% cap on national television audience reach. Sinclair is exploring merger options for its broadcast business, according to CNBC.Democratic lawmakers on Tuesday wrote to the corporate heads of both Nexstar and Sinclair, asking how their decisions to pre-empt Kimmel’s show “may relate to regulatory issues pending with the Trump administration.”Guillermo Rodriguez and Jimmy Kimmel hug on “Jimmy Kimmel Live!” on Tuesday.Randy Holmes / DisneyA spokesperson for ABC had initially said Kimmel’s show would be “pre-empted indefinitely,” sparking immediate backlash, with many decrying what they described as an infringement on his constitutional right to free speech and others calling for a boycott of the Disney-owned streaming services Hulu, Disney+ and ESPN. Comedian, actor and podcaster Marc Maron called on free speech advocates to speak out against pulling Kimmel’s show.”If you have any concern or belief in real freedom or the Constitution and free speech, this is it,” Maron said in a video on his Instagram account. “This is the deciding moment; this is what authoritarianism looks like in this country. It’s happening.”Hollywood rallies behind Kimmel, while Trump and supporters cheer suspension03:08Even some Republicans took issue with the matter. Sen. Ted Cruz, R-Texas, said Friday on his podcast that while he thought what Kimmel said was wrong, what Carr was doing was “unbelievably dangerous.” Sen. Rand Paul, R-Ky., called Carr’s comments about Kimmel “absolutely inappropriate” in an interview on NBC News’ “Meet the Press” on Sunday.Carr later denied that he threatened the stations, saying Monday that he was referring to the FCC’s ability to review a license because of a “news distortion complaint.” He said Disney made its own “business decision” to pre-empt Kimmel’s show.”What I’ve been very clear in the context of the Kimmel episode is the FCC, and myself in particular, have expressed no view on the ultimate merits had something like that been filed, what our take would be one way or another,” Carr said.After days of mounting pressure, Disney said Monday that Kimmel would return to the air in a statement that did not address the freedom-of-speech concerns or the calls for a boycott.Kimmel said in Tuesday’s monologue that Trump has targeted his critics on late-night television to intimidate them and to bully corporations to remove them. “The president of the United States made it very clear he wants to see me and the hundreds of people who work here fired from our jobs. Our leader celebrates Americans losing their livelihoods because he can’t take a joke,” Kimmel said.“We have to speak out against this,” he said.Phil HelselPhil Helsel is a reporter for NBC News.Angela YangAngela Yang is a culture and trends reporter for NBC News.Doha MadaniDoha Madani is a senior breaking news reporter for NBC News. Pronouns: she/her.Rebecca Cohen contributed.
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