| | Good afternoon. Here’s what you should know today, Sept. 4: |
| - Labor-market worries continue to hurt stocks
- Space Force gets its day in the sun as threats from Russia and China grow
- Shohei Ohtani is a home run for the tourism industry
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| | Thanks for reading What’s News! Look for the 🔐 to enjoy a free article on us—and share the link with a friend (or forward the whole newsletter!). |
| |  | A suspect was taken into custody alive after the shooting at Apalachee High School in Winder, Ga., law-enforcement officials said. PHOTO:11ALIVE |
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| 1. Two students and two teachers were killed and nine others were hospitalized after a shooter opened fire at a school outside of Atlanta. |
| The suspect—Colt Gray, 14, a student at Apalachee High School in Winder, Ga.—was in custody, law-enforcement officials said. Calls of an active shooter (🔐 read for free) came in at about 10:20 a.m., according to the Barrow County sheriff. As of Aug. 26, there have been at least 133 gunfire incidents on school grounds that resulted in 38 deaths, according to gun-control group Everytown for Gun Safety. |
| 2. The S&P 500 and the tech-heavy Nasdaq Composite extended their declines ahead of Friday’s jobs report. |
| Spooked by ongoing manufacturing weakness, the two indexes along with the Dow Jones Industrial Average yesterday had their worst session since the global market rout in early August. Today’s Labor Department data showing U.S. job openings fell in July to 7.7 million—a bigger than expected decline and the lowest level since 2021—added to investor concerns about a softening labor market. Among individual stocks, Nvidia shares fell 1.7%, weighing on the S&P 500 and Nasdaq the day after shedding nearly $280 billion in market value, a record drop for a U.S. company. A bit of good news today: The Dow rose 0.1%. |
| Heard on the Street: Investors Are in a Love-Hate Relationship With the Stock Market (Read) Verizon Nearing Deal for Frontier Communications (Read) SpaceX Pulls Employees From Brazil and Discourages Travel There, as Musk Battles Court Over X (Read) For Volkswagen, the Bumpy Road to Electric Vehicles Starts to Hit Home (Read) |
| 3. Kamala Harris plans to pare back President Biden’s capital-gains tax proposal. |
| The vice president’s advisers believe a more modest increase would balance taxing wealthy households and encouraging investment, people familiar with the matter said. The all-in top rate would be 33%, which would include a new 28% capital rate as well as Biden’s proposal to raise a 3.8% investment income tax to 5%. Biden, by contrast, wanted a near-doubling of today’s 23.8% top rate to 44.6%. Meanwhile, Donald Trump’s anti-inflation pitch focuses on lower gas and electricity costs, areas where a president has limited control. Complex global and regional markets, weather and distant wars are among the factors that shape energy prices, plus many drillers are more focused on returning cash to shareholders than growing production. The Trump campaign said that his plan would immediately lower energy prices and then “reduce the prices of all consumer goods.” |
| Can You Guess Which Brands Republicans and Democrats Love? (Read) The Minnesota Progressive Who Worries Republicans More Than Walz (Read) U.S. Accuses Russia of Spending Millions to Influence U.S. Voters (Read) Barron Trump Is Going to NYU (Read) |
| 4. The killing of an American-Israeli hostage has added new urgency to the White House’s attempt to broker a Gaza cease-fire. |
| Biden administration officials acknowledge that an updated final proposal might not be the last, particularly with seven U.S. citizens still among the Hamas-held hostages. The militant group’s execution of California-born Hersh Goldberg-Polin, along with five other hostages, increased pressure on President Biden and Israeli Prime Minister Benjamin Netanyahu to convince Hamas to pause the fighting and exchange its hostages for Palestinian prisoners in Israel. The killings occurred as the U.S., in coordination with Arab mediators, was editing the proposal’s language. |
| 5. The U.S.’s largest immigration wave in a generation is remaking the labor force. |
| Shifts in the size and makeup of the U.S. labor market will likely impact the economy for decades. Compared to U.S.-born Americans, recent migrants are more likely to be of working age and either working or looking for a job, Census data showed. Immigrants who arrived since the start of 2020 are more than twice as likely to lack a high-school diploma—but also slightly more likely to hold a bachelor’s degree or higher. Also changing the workforce? AI-crafted résumés, which have prompted tech companies to add screening steps—and humans—to root out impostors. Meanwhile, employees looking to temporarily exit the rat race are taking mini-retirements—time off during one’s prime working years to volunteer, travel or pursue personal projects. Career breaks can mean retiring later than planned. |
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| | 36,077 | The average number of fans who fill ballparks when the L.A. Dodgers are in town across 68 road games. That’s up nearly 12% from 2023. Hitting and pitching phenom Shohei Ohtani, who joined the team this season, draws visitors from as far away as his native Japan. (Tour operators there sell packages that include Dodgers games.) Road attendance for Ohtani’s previous team, the L.A. Angels, fell from fifth place in his final year with the club to dead last. |
| | “I don’t have the money.” | —U.S. Steel CEO David Burritt, explaining that the company would close steel mills and likely move its headquarters out of Pittsburgh if its $14.1 billion planned sale to Nippon Steel collapses. The Japanese company has promised to invest nearly $3 billion in the storied steelmaker’s older mills to keep them competitive and maintain workers’ jobs. Kamala Harris said Monday that U.S. Steel should remain domestically owned and operated, and Donald Trump also opposes the deal. |
| | “‘Is Space Force a real thing?’...I get that question all the time.” | —Brig. Gen. Anthony Mastalir, the top Space Force officer at U.S. Indo-Pacific Command. The military service founded nearly five years ago under former President Donald Trump is coming to the fore. With China and Russia building arsenals of weapons, the often-mocked Space Force is quietly prepping for a potential war involving space—even as its leaders say their aim is to deter, not destroy. |
| | - Ukraine’s Zelensky Launches Government Overhaul for Fresh Military, Diplomatic Push (Read)
- We Tested Wi-Fi on Over 50 Flights. It Often Stinks, but It’s About to Get Better. (Read)
- ‘She Didn’t Seem Right Yet’: The Deadly Threat to New Mothers (Read)
- Religious Movies Are Sweeping Hollywood. Rich Investors Are Pouring In Millions. (Read)
- Three Years Ago, Their Boat Nearly Sank. Now a Pair of U.S. Tycoons Are Taking Aim at Sailing’s Top Prize (Read)
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| |  | ILLUSTRATION: RACHEL MENDELSON/WSJ, iSTOCK (3) |
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| | Researchers found 747 kinds of heat-resistant microbes flourishing in the 30 household, communal-office and microbiology-lab appliances they swabbed. The kitchen ones had more microbes, including bacteria such as potentially harmful staphylococcus, according to the new study. The bottom line? Use soap or diluted bleach to eliminate your microwave’s germs. |
| | | Yesterday, we asked whether you’ve experienced any “age wave” changes. Here’s what you had to say: I am an avid golfer and have always kept myself in better than normal shape. At age 72, I suddenly experienced a marked decline in the distance I could hit a golf ball. I have no explanation for this loss other than sudden aging.
—Joe Perez, Florida I experienced mild to moderate acne well past my teens into my 30s. The year I turned 40, it stopped. Not in a few days, but suddenly enough that by 45, I wondered what had happened. So age waves are not always bad.
—Scott Ankrum, Maryland Responses have been condensed and edited. |
| What do you think of Space Force’s efforts? Let us know at whatsnewsletter@wsj.com or reply to this newsletter. Include your full name and location, and we may publish your response in an upcoming issue. |
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| | | There’s a “cat-astrophe” brewing on Downing Street. |
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Welcome to my geopolitics blog site. This is a Hawaii Island news site focusing on geopolitical news, analysis, information, and commentary. I will cite a variety of sources, ranging from all sides of the political spectrum.