Empire State Realty Trust CEO: International demand was lower than expected
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USA Today
26 minutes ago
- USA Today
President Trump orders firing of Labor statistics chief after weak jobs report
Trump ordered the firing of Erika McEntarfer, the U.S. commissioner of Labor Statistics, accusing her without evidence of manipulating jobs figures. WASHINGTON ― President Donald Trump said he's ordered the firing of Erika McEntarfer, the U.S. commissioner of Labor Statistics, accusing her without evidence of manipulating figures for "political purposes" after the Labor Department reported the U.S. added a disappointing 73,000 jobs in July. Trump on Aug. 1 announced the move in a post on his social media app Truth Social, writing that he was "just informed that our Country's 'Jobs Numbers' are being produced by a Biden Appointee, Dr. Erika McEntarfer." "We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified," Trump said. "Important numbers like this must be fair and accurate, they can't be manipulated for political purposes." More: July jobs report reveals employers added 73,000 jobs; unemployment rises The Senate in January 2024 confirmed McEntarfer, an appointment of former President Joe Biden. A labor economist, McEntarfer has worked 20 years in the federal government, including previous stints at the U.S. Census Bureau and Treasury Department. In addition to the July jobs report ‒ below the 105,000 new jobs that were estimated ‒ the Labor Department's job gains for May and June were revised down by 258,000, portraying a much weaker labor market than believed in late spring and early summer. More: In historic move, Trump escalates trade battles with sweeping new tariffs around the world "McEntarfer said there were only 73,000 Jobs added (a shock!) but, more importantly, that a major mistake was made by them, 258,000 Jobs downward, in the prior two months," Trump said. "Similar things happened in the first part of the year, always to the negative." Trump also accused McEntarfer of "faking the jobs numbers before the (2024) election" to help Democratic nominee Kamala Harris. Trump pointed to jobs reports in March, August and September of 2024 that were later revised lower. Contributing: Paul Davidson of USA TODAY Reach Joey Garrison on X @joeygarrison.
Buzz Feed
26 minutes ago
- Buzz Feed
Kamala's Candid Confession Leaves Colbert Stunned
Former Vice President Kamala Harris on Thursday surprised The Late Show host Stephen Colbert with her 'very candid' reason for not wanting to be a public servant right now. Harris, who announced this week that she wouldn't run for California governor, recalled her long career in public office and said, 'I just, for now, I don't want to go back in the system. I think it's broken.' The 2024 Democratic presidential candidate acknowledged the 'many good people' in the public sector and said she 'always believed that as fragile as our democracy is, our systems would be strong enough to defend our most fundamental principles.' But amid President Donald Trump's second term, she said, 'I think right now that they're not as strong as they need to be, and I just don't want to, for now, I don't want to go back in the system. I want to travel the country. I want to listen to people, I want to talk with people, and I don't want it to be transactional, where I'm asking for their vote.' Colbert said: 'To hear you say that it's broken, to hear you say that our systems aren't strong enough, is harrowing.' Harris asked him: 'But it's also evident, isn't it?' She then clarified that it 'doesn't mean we give up.' She added, 'Oh, absolutely not. I am always going to be part of the fight. That is not going to change.' Harris was on the show to promote her new book, 107 Days, which she described as a 'behind-the-scenes' tell-all about her 2024 bid for president, the shortest ever run for the White House after former President Joe Biden abandoned his reelection campaign. At another point in the interview, Colbert noted Harris' warnings about what Trump would do if he won. 'I know you're not here to say, 'I told you so,' but would you like to?' the host asked Harris. She acknowledged her correct predictions but said she didn't foresee 'the capitulation' to the current president, suggesting she had been 'naive.' Elsewhere in the chat, Harris admitted it was months after leaving office that she watched the news because 'I'm just not into self-mutilation' and teased how her husband, former second gentleman Doug Emhoff, 'dropped the ball' on her big 60th birthday last October, which was just weeks before the election. Kevin Dietsch / Getty Images
New York Post
26 minutes ago
- New York Post
Delta Air Lines tries to calm fury over ticket prices, telling lawmakers it won't use AI
Delta Air Lines said Friday it will not use artificial intelligence to set personalized ticket prices for passengers after facing sharp criticism from lawmakers. Last week, Democratic Senators Ruben Gallego, Mark Warner and Richard Blumenthal said they believed the Atlanta-based airline would use AI to set individual prices, which would 'likely mean fare price increases up to each individual consumer's personal 'pain point.'' Delta has said it plans to deploy AI-based revenue management technology across 20% of its domestic network by the end of 2025 in partnership with Fetcherr, an AI pricing company. Delta has said it plans to deploy AI-based revenue management technology across 20% of its domestic network by the end of 2025. AFP via Getty Images 'There is no fare product Delta has ever used, is testing or plans to use that targets customers with individualized prices based on personal data,' Delta told the senators in a letter on Friday, seen by Reuters. 'Our ticket pricing never takes into account personal data.' The senators cited a comment in December by Delta President Glen Hauenstein that the carrier's AI price-setting technology is capable of setting fares based on a prediction of 'the amount people are willing to pay for the premium products related to the base fares.' Last week, American Airlines CEO Robert Isom said using AI to set ticket prices could hurt consumer trust. 'This is not about bait and switch. This is not about tricking,' Isom said on an earnings call, adding 'talk about using AI in that way, I don't think it's appropriate. And certainly from American, it's not something we will do.' Delta said airlines have used dynamic pricing for more than three decades, in which pricing fluctuates based on a variety of factors like overall customer demand, fuel prices and competition but not a specific consumer's personal information. 'There is no fare product Delta has ever used, is testing or plans to use that targets customers with individualized prices based on personal data,' Delta told the senators in a letter. AFP via Getty Images 'Given the tens of millions of fares and hundreds of thousands of routes for sale at any given time, the use of new technology like AI promises to streamline the process by which we analyze existing data and the speed and scale at which we can respond to changing market dynamics,' Delta's letter said. It added that AI can 'assist our analysts with pricing by reducing manual processes, accelerating analysis and improving time to market for pricing adjustments.'
