73º
wplg logo
    • News
    • Watch Live
    • Traffic
    • Local 10 Investigates
    • This Week In South Florida
    • Dirty Dining
    • Local 10 Digi Shorts
    • National
    • Politics
    • Cuba
    • Venezuela
    • Florida Files
    • Don't Trash Our Treasure
    • Leave It To Layron
    • Health
    • Coronavirus
    • Weird News
    • Weather
    • Alerts
    • Hurricane
    • Florida Pins
    • Hollywood Beach Cam
    • Key West Cam
    • Miami Downtown Cam
    • Miami Beach Cam
    • Fort Lauderdale Cam
    • Pembroke Park Cam
    • Sports
    • Dolphins
    • Heat
    • Marlins
    • Panthers
    • Inter Miami CF
    • Miami Hurricanes
    • Features
    • SoFlo Shows
    • SoFlo Health
    • SoFlo Taste
    • SoFlo Recipes
    • SoFlo Home Project
    • UHealth
    • Pets
    • Food
    • Fresh
    • Celebrating Pride
    • Cancer Awareness
    • Black History Month
    • Healthy Heart
    • Valentine's Day
    • Community
    • Tech
    • Travel
    • Livin' Large
    • Money
    • Entertainment
    • TV Listings
    • Calendar
    • Concerts
    • Contests
    • H&I TV
    • MeTV
    • Español
    • Newsletters
    • Contact Us
    • Meet the Team
    • Jobs at WPLG
    • Advertise with us
  • News
  • Weather
  • Sports
  • Features
  • Entertainment
  • Español
  • Newsletters
  • Contact Us
Local10.com
  • News
  • Weather
  • Sports
  • Features
  • Entertainment
  • Español
  • Newsletters
  • Contact Us
  • LIVE

Local 10 News @ 6AM

The latest local, regional and national news events of the morning are presented by the Local 10 News Team along with updated sports, weather and traffic.

A rip current statement in effect for Coastal Broward and Coastal Miami Dade Regions

See the complete list

LIVE

Local 10 News @ 6AM

A rip current statement in effect for Coastal Broward and Coastal Miami Dade Regions

GREAT DEPRESSION


12 million people got a refund from the IRS for a tax break on 2020 unemployment benefits

The IRS finished issuing relief to people who qualified for a federal tax break on up to $10,200 of unemployment compensation received in 2020.

cnbc.com

Owners of 107-year old grocery store that survived Great Depression fear they'll have to close up shop

Pennsylvania grocery store owners Sharlene and Alan Weidner joined "Fox & Friends First" to share their experience and struggles to stay afloat as costs continue to rise.

foxnews.com

Illinois election 2022: See who the Tribune Editorial Board endorsed — plus how the candidates answered our questions

Here are the Chicago Tribune Editorial Board’s 2022 endorsements for the Nov. 8 elections.

chicagotribune.com

The 2022 Economics Nobel Should Come with a Warning

Regulators need to do a better job of applying the insights of Bernanke, Diamond and Dybvig.

washingtonpost.com

Worried about your 401(k)'s nosedive? Here are the implications of a bear market

Champlain College Director of Financial Literacy John Pelletier discusses whether we're officially in a bear market and what to do about it.

news.yahoo.com

Ransomware attack shutters 157-year-old Lincoln College

Historically Black school to close Friday after surviving two world wars, the Spanish flu and the Great Depression.

cbsnews.com

How Violet T. Lewis Started A College With Just A $50 Loan

Violet T. Lewis bought several used typewriters, and started the Lewis Business College in Indiana in the midst of the Great Depression.

newsy.com

How Violet T. Lewis Started A College With Just A $50 Loan

Violet T. Lewis bought several used typewriters, and started the Lewis Business College in Indiana in the midst of the Great Depression.

www3.newsy.com

Andy Cohen Goes on Epic Drunken New Year’s Eve Rant Against Bill de Blasio: ‘Sayonara Sucka!’

CNNFour minutes into 2022, and about ten minutes before Miley Cyrus suffered a wardrobe malfunction over on NBC, Andy Cohen unleashed an incredible very drunken 45-second rant against outgoing New York City Mayor Bill de Blasio.The Bravo exec and his buddy Anderson Cooper were in the midst of co-hosting CNN’s New Year’s Eve special live from Manhattan’s Times Square when, after taking a shot of tequila, Cohen went in on the deeply disliked ex-mayor.good god this man is full of rage pic.twitter.c

news.yahoo.com

Bob Dole: Biden leads tributes to a 'dear friend'

Tributes have been paid across the US political divide to the late Republican leader Bob Dole.

bbc.co.uk

‘Annie Live!’: Harry Connick Jr.’s bald cap, a disappearing dog and more weird moments

"Annie Live!" was the latest broadcast TV musical, and while it mostly went very smoothly, there were a few odd details.

washingtonpost.com

Remembering the Standard Club, which lived large, then passed quietly

It was an impressive place with a restrictive membership. The Tribune pronounced it the city’s richest social club. There were 38 bedrooms for permanent residents and visitors. If a guest lacked the suit jacket de rigueur in the dinning room, a cloakroom attendant would say: “Here is a 42 long, sir. Your size, I’d judge.”

chicagotribune.com

With big tax push, Democrats aim to tackle enormous gains of top 1 percent

The White House and several congressional leaders have rallied behind tax plan that would target changes towards large corporations and the wealthy.

washingtonpost.com

Manchin says he has "serious concerns" with size of Democrats' $3.5 trillion spending bill

Sen. Joe Manchin (D-W.Va.) issued a statement on Wednesday saying he has "serious concerns" about the size of Democrats' $3.5 trillion budget reconciliation package, calling it "simply irresponsible" to continue spending at such high levels.Why it matters: Senate Democrats cannot lose a single vote in order to pass President Biden's sweeping economic plan via reconciliation, a process that only requires 50 votes rather than the usual 60 to overcome a filibuster.Stay on top of the latest market t

news.yahoo.com

Biden’s budget asks Americans to ignore the deficit for a while

The president’s first budget, released just before a holiday weekend, predicts a $1.8 trillion deficit for 2022 and deficits of $1.3 trillion for years to come to fund big investments in education, infrastructure and the safety net.

washingtonpost.com

100-year-old sturgeon one of the largest ever caught in the US, Michigan officials say

Officials called it a “river monster.”

news.yahoo.com

100-year-old sturgeon one of the largest ever caught in the US, Michigan officials say

Officials called it a “river monster.”

news.yahoo.com

Fed Chair says Great Depression scenario was discussed amidst "tremendous uncertainty" last year

With COVID-19 wreaking havoc on the U.S. economy a year ago, Jerome Powell and his advisors at the Fed considered the possibility of a Great Depression scenario.

cbsnews.com

Book excerpt: Kristin Hannah's "The Four Winds"

Read an excerpt below:St. Martin's PressThe next morning, Elsa woke late. Last night, as she'd unpacked, she'd realized how wrong her clothes were for farm life. Elsa stepped out onto the porch and saw the Martinelli farm in full sunlight. Elsa stepped down into the yard. But it wasn't what gave us this good life.

cbsnews.com

What’s Behind Value Investing’s Long Losing Streak?

The strategy has suffered a devastating drought for more than a decade, sending investors scrambling for answers.

washingtonpost.com

Duckworth offers hope to restaurant industry workers, says relief bill ‘very close’

“This is the biggest demand for housing and food assistance we’ve seen since the Great Depression,” he said. “Congress isn’t acting like they’re aware that 2.1 million people in our profession are out of work. I used to have 250 employees; now we have 80. People who worked with me and have gone on to open their own restaurants, making major contributions to their neighborhood — and that’s the American Dream, isn’t it? We’re seeing neighborhoods being shattered because the American Dream is being shattered.

chicagotribune.com

Study: Great Depression Banking Policies Helped Create Urban Hot Spots

Jeremy Hoffman, chief scientist at the Virginia Science Museum, wanted to see if this is a consistent pattern on a national scale. A four-year study conducted by the Science Museum of Virginia found that temperatures in Richmond, Virginia, fluctuate by as much as 16 degrees Fahrenheit (about 9 degrees Celsius) around the city. The Science Museum of Virginia study prompted Richmond Mayor Lamar Stoney to commit to building five parks on 35 acres in five minority neighborhoods. We have a chance to right that wrong, and we’re starting with these five green spaces.”An additional 287 acres of green space are being protected from development. Stoney’s goal is to have green space with a 10-minute walk of every Richmond home.

thewestsidegazette.com

Samsung's new phones test consumer demand for pricey gadgets

Samsung aims to lift its sinking smartphone sales with three new models that will test consumer willingness to buy high-priced gadgets during the worst economic downturn since the Great Depression. Such phones are intended for buyers who are strapped for cash or unwilling to pay for pricey phones that don't offer big advances over their predecessors. The upcoming foldable phone, meanwhile, is something of a do-over for Samsung. Samsung is promises that the Z Fold2 will far more durable because it will have ultra-thin glass and tougher hinges for unfolding the device. Consumer response to these phones might foreshadow demand for the next wave of iPhones.

Fed acts to broaden appeal of 'Main Street' lending program

Smaller companies, many of which have endured severe damage from the shutdowns forced by the coronavirus, might now find the Main Street program more appealing. Under the Main Street lending program, banks make loans to businesses; the Fed then buys the loans from the banks. Collectively, the changes suggest that the Fed might be having trouble attracting borrowers for the Main Street program. Chair Jerome Powell previously said the Main Street program would start making loans on June 1 or shortly after, but it has not yet done so. On Monday, the Fed said the program would start registering banks soon and will then buy loans shortly afterwards.

Powell: Fed to soon begin 'challenging' Main Street lending

The Fed's Main Street Lending is geared toward medium-sized companies that are too large for the government's small business lending program and too small to sell bonds or stock to the public. Powell noted that the complexity of the program goes far beyond the Fed's usual lending efforts, which typically involve buying bonds. It is far and away the biggest challenge of the 11 facilities we have set up, Powell said. It has also announced 11 separate lending programs that are intended to support borrowing by businesses, banks and households. Still, Powell has previously said the unemployment rate is likely to peak at between 20% and 25% in May or June.

U.S. core capital goods orders, shipments tumble in April

Data for March was revised sharply down to show these so-called core capital goods orders falling 1.1% instead of dipping 0.1% as previously reported. Economists polled by Reuters had forecast core capital goods orders diving 10.0% in April. Core capital goods orders dropped 1.3% on a year-on-year basis in April. Core capital goods shipments are used to calculate equipment spending in the government's gross domestic product measurement. Core capital goods shipments fell 1.2% in March.

cnbc.com

U.S. housing starts fall sharply in April

Housing starts tumbled 30.2% to a seasonally adjusted annual rate of 891,000 units last month, the lowest level since early 2015, the Commerce Department said on Tuesday. Economists polled by Reuters had forecast housing starts would fall to a pace of 927,000 units in April. Housing starts dropped 29.7% on a year-on-year basis in April. Single-family homebuilding, which accounts for the largest share of the housing market, dropped 25.4% to a rate of 650,000 units in April. In the volatile multi-family housing segment, starts dived 40.5% to a rate of 241,000 units last month.

cnbc.com

Tudor Jones says this will be the 'Second Depression' if we remain in lockdown in a year

Billionaire hedge fund investor Paul Tudor Jones said Monday the economy would be in a "Second Depression" if the coronavirus pandemic doesn't get contained in a year. "Just depends on whether unfortunately this goes to a year with this kind of a lockdown," Jones said on CNBC's Squawk Box on Monday. The Great Depression from 1929 to 1939 was the worst economic downturn in the U.S. history. New York state has been the epicenter of the pandemic, with more than 330,000 cases and over 20,000 deaths. I don't think we would be able to come together and do that," Jones said.

cnbc.com

5/10: Hassett, Murray, Gottlieb

5/10: Hassett, Murray, Gottlieb This week on "Face the Nation," the grim march to reopen the country continues as unemployment soars to levels unseen since the Great Depression.

cbsnews.com

Coronavirus pandemic wipes out decade of job gains in 1 month

Without a vaccine to prevent the coronavirus disease, economists warn the downturn in the leisure and the hospitality industries is just beginning. On Friday, the feds reported the unemployment rate surged to 14.7% -- erasing a decade of job gains in one month. Some economists estimate the U.S. unemployment rate actually nears 24%. Without a vaccine, economists expect a lot of false starts. I fear that we are going to see yet another round of layoffs even as workers are called back.”More expert opinions:

After historic job losses from virus, Americans begin heading back to work

At least 40 of the 50 states are taking steps to lift stay-at-home restrictions on all but essential businesses. Two manufacturing powerhouses, Michigan and California, outlined plans on Thursday to allow their industrial companies to begin reopening over the next few days. Tom Bossert, Trumps former White House homeland security adviser, said on Friday the national trend of new cases outside New York was of great concern. Trump also told Fox that certain White House staff members had started wearing face masks, one day after the White House said his personal valet had tested positive for the novel coronavirus. The White House on Thursday said Trump and Vice President Mike Pence tested negative for the virus and were feeling well after the staffer - a U.S. military service member who works at the White House as a valet - came down with the virus.

feeds.reuters.com

EU predicts region will contract 7.4% this year in worst economic shock since 1930s

The European Union will contract 7.4% in 2020 as the coronavirus pandemic brings the worst economic shock since the Great Depression in the 1930s, the European Commission said Wednesday. The executive arm of the EU has released its latest economic forecasts the first estimates since European countries introduced lockdown measures to stop the spread of the virus. In February, the European Commission estimated a 1.4% rise in GDP for the EU this year. "Europe is experiencing an economic shock without precedent since the Great Depression," Paolo Gentiloni, European Commissioner for the economy, said in a statement. The European Commission is currently working on further economic stimulus to the region.

cnbc.com

US economy could contract 30% in second quarter, warns Trump economic advisor Kevin Hassett

The U.S. economy could contract at its worst rate since the Great Depression later this year due to the coronavirus crisis, warned Kevin Hassett, who recently rejoined the Trump administration as a senior economic advisor. The initial look at gross domestic product for the first quarter, out on Wednesday, will be a negative number, Hassett said Monday on CNBC's "Squawk Box." However, he said the real damage to the economy from the coronavirus will be revealed further down the road. "You're looking at something like minus 20% to minus 30% in the second quarter." "The puzzle is incomes are staying relatively high and output is going to zero," Hassett said.

cnbc.com

White House economic advisor Kevin Hassett says unemployment rate will approach Great Depression

Speaking to reporters on the White House lawn on Sunday morning, Hassett said the unemployment rate could hit 16% and "the next couple of months are going to be terrible" for economic data. "We see an unemployment rate that approaches rates we saw during the Great Depression," Hassett told ABC's "This Week." "A lot will depend on what happens next," Hassett said about the chances of seeing a V-shaped economic rebound rather than a longer U-shaped return to economic growth. The insured unemployment rate, which compares those current receiving benefits to the size of the labor force, rose to 11% this past week, a weekly jump of 2.8%. That translates to "a barely believable" 23% when the Labor Department releases its unemployment rate calculation in two weeks, according to Paul Ashworth, chief U.S. economist at Capital Economics.

cnbc.com

Former President Jimmy Carter celebrates 95th birthday

Carter said he voted for Bernie Sanders over Hillary Clinton last time, but warns that embracing single-payer, government-run health insurance could cost the Democrats votes among moderates and independents. That could rule out Sanders and another progressive favorite, Elizabeth Warren. But Carter also said he'd like to see a woman as president. He said he couldn't have managed his presidential duties when he was 80, which would nix not only Sanders, at 78, but former Vice President Joe Biden, who is 76. Warren is 70, meaning she'd be nearly 80 at the end of a two-term presidency.

chicagotribune.com

Larry Summers warns we could be at the 'most dangerous financial moment' since 2009

The escalating trade war between the U.S. and China is potentially creating "the most dangerous financial moment" since the global crash at the end of the last decade, former Treasury Secretary Larry Summers said. The global financial crisis, which began in 2008, became the worst economic disaster since the Great Depression. As a result, the investment bank is projecting two more rate cuts this year, in September and October. "The Fed has been increasingly responsive this year to trade war threats, bond market expectations, and global growth concerns," Goldman Sachs said in a note. However, since then, the trade war has intensified.

cnbc.com

On The Trail: Transforming our National Parks

Millions of Americans across the country were out of work during the Great Depression, while there was a huge job that needed be completed in America's parks and public lands. And so President Franklin Roosevelt created the the Civilian Conservation Corps, the New Deal program that would eventually employ three million Americans. Conor Knighton reports on the federal program that transformed the lives of millions of Americans - and the country's natural treasures.

cbsnews.com
  • TV Listings
  • Email Newsletters
  • RSS Feeds
  • Closed Captioning / Audio Description
  • Contact Us
  • Careers at WPLG
  • Terms of Use
  • Privacy Policy
  • Public File
  • FCC Applications
  • EEO Report
  • Do Not Sell My Info
Follow Us
facebook
twitter
instagram
rss

If you need help with the Public File, call (954) 364-2526.


Graham Media Group

Copyright © 2023 Local10.com is published by WPLG INC., a Berkshire Hathaway company.