www.abccolumbia.com – Associated Press – 2025-08-12 10:02:00

SUMMARY: On July 29, 2025, the U.S. stock market neared record highs as July inflation data showed a 2.7% year-over-year increase, slightly below expectations. The S&P 500 rose 0.6%, the Dow gained 1%, and the Nasdaq was up 0.5%. This fueled optimism for a Federal Reserve interest rate cut in September to support economic growth, despite inflation risks from tariffs. The Fed remains cautious, balancing inflation control with job market health. Internationally, Australia cut rates again, and Asian markets reacted to tariff delays with mixed moves. Key stocks showed volatility amid mixed earnings and economic forecasts.

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www.abccolumbia.com – Associated Press – 2025-08-11 09:58:00

SUMMARY: President Donald Trump announced plans to address homelessness and crime in Washington, D.C., proposing to deploy about 500 federal law enforcement officers—including FBI, ATF, DEA, ICE, and Marshals—to patrol the city. He vowed to “liberate” the capital and remove homeless people “immediately,” relocating them away from the city, while promising to incarcerate criminals. Washington Mayor Muriel Bowser expressed skepticism about using the National Guard and urged federal support through prosecutors and judges instead. Despite Trump’s claims of a crime surge, D.C. officials report a 26% decrease in violent crime this year. Any federal takeover would require repealing the Home Rule Act, likely facing strong opposition.

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www.youtube.com – WYFF News 4 – 2025-08-10 07:47:25

SUMMARY: Happy Sunday starts mild and gloomy in the Upstate, with temperatures in the low 70s, cooler in the mountains. Afternoon highs reach the low 80s, below average, with a 20% chance of rain and some sunshine. Showers increase Monday and Tuesday, with scattered storms likely, especially during the morning commute. Tropical activity is increasing, with a tropical wave off Africa having an 80% chance of developing into Invest 97L, potentially becoming Hurricane Erin, the season’s first hurricane. Track uncertainty remains, ranging from Bermuda to Florida. Locally, expect scattered showers and storms through the week, with temperatures returning near average by next weekend.

Watching the tropics

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