Police shared photos and a video of a person fleeing from the scene after Charlie Kirk was fatally shot. Plus, inflation is rising, and the job market is weakening. So why are stocks soaring?
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Authorities last night shared images of a person of interest in the killing of Charlie Kirk. The person is shown wearing a black T-shirt, white Converse shoes and a hat with a triangle on it, running from the scene after the fatal shooting of the right-wing activist. Investigators also recovered a high-powered, bolt-action rifle and unused rounds believed to be the shooter’s. Utah’s Gov. Spencer Cox yesterday made a plea for anyone who might recognize the possible shooter, who is still at large, to come forward.
???? Last night’s press conference on the Utah Valley University campus where Kirk was killed was « essentially a blinking ‘help wanted’ sign », NPR’s Bobby Allyn tells Up First. Cox says investigators have received more than 7,000 tips. The FBI hasn’t received this many tips since the Boston Marathon bombing more than a decade ago. Cox adds that disinformation, some of which is being spread by Russian and Chinese bots, complicates the investigation. Allyn says some students he spoke to in the area remain rattled and unsure of whether they’re safe, while others assume the shooter has long since left the city.
➡️ In the wake of Kirk’s death, legions of his young conservative followers must now confront the question of how to sustain the movement that he built.
New reports from the Labor Department show inflation and consumer prices inching higher. The job market is also showing fresh signs of weakness. Employers added just 22,000 jobs in August. Revised figures show the economy lost jobs in June for the first time since 2020. Despite this, the stock market is soaring. The Dow Jones Industrial Average jumped more than 600 points yesterday, and all the major indexes closed at record highs.
???? Investors think the Federal Reserve will cut interest rates, and stock prices tend to go up when it looks like interest rates will go down, NPR’s Scott Horsley says. The Fed has been cautious about cutting interest rates because policymakers wanted to see how President Trump’s tariffs would affect inflation. Horsley says the Fed is expected to pay more attention to the sagging job market.
