Did Hurricane Beryl Contribute To Friday's Weak Jobs Report? How Future Extreme Weather Could Hurt US Economy
Portfolio Pulse from Hayden Buckfire
Major US indexes fell after a weak jobs report, with some economists attributing the rise in unemployment to Hurricane Beryl. The Bureau of Labor Statistics denied the hurricane's impact, but economists remain skeptical. Extreme weather, exacerbated by climate change, could harm the economy. Governor Ron DeSantis declared a state of emergency in Florida, potentially disrupting travel to Walt Disney Co's Disney World and Comcast Corp's Universal Studios.
August 02, 2024 | 6:36 pm
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Travel to Comcast Corp's Universal Studios in Florida may be disrupted due to a state of emergency declared by Governor Ron DeSantis in response to an approaching tropical system.
The state of emergency in Florida could lead to reduced visitor numbers at Universal Studios, negatively impacting Comcast Corp's short-term revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Travel to Walt Disney Co's Disney World in Florida may be disrupted due to a state of emergency declared by Governor Ron DeSantis in response to an approaching tropical system.
The state of emergency in Florida could lead to reduced visitor numbers at Disney World, negatively impacting Walt Disney Co's short-term revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80