I'm Taylor Riggs and this is the Fox Business Run Down.

Monday, September 30th, 2024, I am Taylor Riggs. Record highs in the stock market last week the

anticipation of crucial data in the labor market and to top it all off a looming

strike at a major US port that could disrupt the nation's supply chain.

You get some sort of strike here.

I mean, that's going to be a huge pressure on producers' prices, which in effect goes to

you and me me the consumer.

So I think that's a big deal.

Last week, both the Dow and the S&P 500 saw record highs

as investors rushed to take advantage of the Fed's latest rate cut.

Wall Street was spurred to action by a set of some positive economic data.

One of those was the August consumer price index,

which showed inflation slowing.

Another was the nation's second quarter GDP showing

that it grew at a rate of 3%. Investors reading this data are starting to believe that

the economy is strong but a last crucial piece of the

data puzzle is coming at the end of this week the September jobs report. Now the

Fed has been projecting confidence in their inflation fight.

However, some are concerned about unemployment levels.

Friday's report will shed light on where America's labor issues stand.

There's also another labor issue that is threatening to become a national supply chain

disaster. The International Longshoremen Association will go on strike tonight at midnight

...