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Wall Street inched higher early Tuesday ahead of a government data revision that economists expect will reveal that the U.S. labor market was sputtering well before President Donald Trump rolled out tariffs on the nation’s trading partners this spring.Futures for the Dow Jones Industrial Average and the Nasdaq each ticked up 0.1% before the bell, while futures for the S&P 500 were unchanged.Later Tuesday, the U.S. government will release preliminary revisions for job growth numbers reported for the 12 months through March of this year. Analysts are forecasting that the Bureau of Labor Statistics will revise job gains for that period down by as much as 900,000. If the figures are revised sharply lower, it could halve the job growth that had been thought to have occurred.“That would mean that private-sector employment actually shrank, on average, in the past three months and that job creation earlier in the year was weaker than currently reported,” said Fed Gov. Christopher Waller, two weeks ago at the Economic Club of Miami.Waller, a candidate to replace Fed Chair Jerome Powell, said then that he expected a downward revision of 60,000 per month.There has been mounting evidence that uncertainty over Trump’s tariffs has kept business from hiring as actively as they had been when the U.S. rapidly rebounded from the COVID-19 recession. The U.S. economy is creating fewer than 75,000 jobs a month so far this year, less than half the 2024 average of 168,000 and not even a quarter of the 400,000 jobs added monthly in the hiring boom of 2021-2023.When the Labor Department put out a disappointing July jobs report that also included downward revisions for previous months, an enraged Trump responded by firing the BLS economist in charge of compiling the numbers and nominating a loyalist to replace her.While inflation still remains above the Fed’s 2% target, most economists think the central bank will cut its benchmark lending rate at its meeting next week to help support the flagging U.S. labor market.Reports on inflation will follow on Wednesday and Thursday.Also Tuesday, Apple will unveil the next line-up of iPhones amid a global trade war that’s added a potential price increase to the company’s marquee product. Apple shares were unchanged before the opening bell Tuesday.Shares of Fox Corp. tumbled 4.7% in premarket after Rupert Murdoch’s family said they’ve reached a deal on control of the 94-year-old mogul’s media empire after his death. The agreement ensures that there will be no change in direction at Fox News, the most popular network for President Donald Trump and conservatives.The deal creates a trust establishing control of the Fox Corp. for Lachlan Murdoch, Rupert’s chosen heir who has been running Fox in recent years, along with his younger sisters, Grace and Chloe.Elsewhere, in Europe at midday France’s CAC 40 rose 0.3%, the German DAX fell 0.5% and Britain’s FTSE 100 gained 0.2%.In Asia, Japan’s benchmark Nikkei 225 erased earlier gains to finish 0.4% lower at 43,459.29, as political uncertainty continued after Prime Minister Shigeru Ishiba said over the weekend that he planned to step down. Who will replace him is still uncertain and may take weeks to decide. The benchmark had momentarily surpassed the 44,000 mark.Anticipation over one of the likely candidates, Sanae Takaichi, a hawkish legislator, sent defense issues higher in Tokyo trading. Mitsubishi Heavy Industries rose 0.3%, IHI added 1.0% and Kawasaki Heavy 0.4%. Veteran ruling party legislator Toshimitsu Motegi has indicated he wants to run, and other expected contenders include Farm Minister Shinjiro Koizumi and Chief Cabinet Secretary Yoshimasa Hayashi. All are members of the ruling Liberal Democratic Party, which will need coalition partners to stay in power.Australia’s S&P/ASX 200 declined 0.6% to 8,793.60. South Korea’s Kospi climbed 1.3% to 3,260.05. Hong Kong’s Hang Seng surged 1.2% to 25,938.13, while the Shanghai Composite fell 0.5% to 3,807.29. The mixed trading followed a stronger opening in Asia.“Asian markets opened Tuesday with momentum, riding Wall Street’s conviction that Fed cuts are no longer a question of if but how many. Nearly three reductions are now being priced before year-end. That expectation is washing through global markets like a spring tide,” said Stephen Innes, managing partner at SPI Asset Management. Yuri Kageyama and Matt Ott, AP Business Writers
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E-Commerce
Cheese lovers are being urged to check their fridges after multiple cheese products were recalled due to fears of contamination with Listeria monocytogenes, a bacterium that can cause potentially deadly infections. Heres what you need to know about the cheese recall affecting multiple states. Whats happened? The U.S. Food and Drug Administration (FDA) has published a recall notice on its website warning of potential Listeria monocytogenes in several cheese products. The FDAs warning was published on September 8, three days after the Ohio-based company behind the cheese announced the recall. That company is Middlefield Original Cheese Co-op, which produces multiple cheese products. Middlefield initiated the recall after detecting Listeria monocytogenes in some of its finished products as well as on cutting equipment surfaces. Cheese products covered under this recall were sold under two brand names: Middlefield Original Cheese Co-op Sunrise Creamery The recalled products were produced on two dates: May 30, and August 13 and sold in multiple states between July 7 and August 14. However, some of the recalled products have sell-by dates that extend into 2026, so they may still be sitting in customers refrigerators. What cheese products are being recalled? According to the notice published on the FDA website, the following cheese products are being recalled: Middlefield Original Cheese Co-Op Organic Gouda,8 ounce packages, Sell by date of February 13, 2026 Middlefield Original Cheese Co-Op Mozzarella/Provolone Cheese5 pound bags (shredded cheese), Sell by date of September 3, 2025 Middlefield Original Cheese Co-Op Colored (Yellow) Cheddar Cheese,5 pound loaves (labeled as Smoked Cheddar and All Natural Mild Cheddar),Sell by date of February 13, 20265 pound bags (shredded cheese) (labeled as Shredded Cheddar Cheese),Sell by date of September 3, 2025 Middlefield Original Cheese Co-Op Swiss Cheese5 pound loaves, Sell by date of February 13, 2026 Middlefield Original Cheese Co-Op Pepper Jack Cheese5 pound loaves (labeled as All Natural Pepper Jack), Sell by date of February 13, 20265 pound bags (shredded cheese), Sell by date of September 3, 2025 Middlefield Original Cheese Co-Op Monterey Jack Cheese,5 pound loaves, Sell by date of February 13, 20265 pound bags (shredded cheese), Sell by date of September 3, 2025 Sunrise Creamery Dilly Pickle Monterey Jack with Pickles Cheese6 ounce package (labeled as Dilly Pickle) with lot code 253054,Sell by date of January 7, 2026, January 11, 2026, or February 16, 20261.25 pound package (labeled as Dilly Pickle Jack) with lot code 253054,Sell by date of December 30, 2025 Where were the recalled cheese products sold? The recalled products above were reportedly sold in four states, including: Minnesota Ohio Texas Wisconsin The recall notice does not list the exact establishments where the recalled cheese was sold, but says the cheese was sold through distributors, dining halls, and retail stores between July 7 and August 14. What is Listeria Monocytogenes? According to the U.S. Centers for Disease Control and Prevention (CDC), Listeria monocytogenes is a bacterium that can cause severe illness and even death in those who consume it. Listeria monocytogenes can make anyone sick; however, some groups are more susceptible to worse outcomesincluding deaththan others. The CDC says individuals particularly at risk from a Listeria monocytogenes infection include: Pregnant women and their unborn baby Newborn babies Adults over the age of 65 Individuals with weakened immune systems In pregnant people, Listeria monocytogenes infections can lead to miscarriages and stillbirths. Thankfully, as of the time of this writing, there have been no reports of illnesses related to the recalled products. What should I do if I have the recalled cheese products? If you have any of the recalled products, the recall notice says you should not consume them. Instead, dispose of them or return them to their place of purchase for a refund. You can read the full recall notice on the FDA’s website.
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E-Commerce
Today is the day that many of Apples legions of iPhone fans look forward to most. Its Apples annual iPhone event, in which the company unveils its new lineup of its iconic smartphone for the year ahead. Apple will begin its 2025 iPhone Awe Dropping event at 10 a.m. PT today, (Tuesday, September 9). But iPhones arent the only product Apple is expected to unveil. Heres what you need to know about todays Apple event, including when and where you can watch the keynote in time zones around the world. Apple iPhone 17 event: New iPhones Fast Company has previously detailed what iPhones to expect at todays Apple event, but the short answer is to expect Apple to unveil four new iPhone modelsand kill off one existing one. The current iPhone model that Apple has eliminated from its lineup is the iPhone Plus model. It will be replaced with an all-new super-thin iPhone, many have dubbed the iPhone Air. (The actual name remains unconfirmed at this time.) Apple will also introduce a new regular iPhone 17, a new iPhone 17 Pro, and a new iPhone 17 Pro Max. It is unknown at this time if those phones will have the 17 numbering scheme, or if Apple will change the model number to 26 like it has done with its operating systems this year. Apple iPhone 17 event: New Apple Watches As the Apple Watch isnt a true standalone device (it needs to be paired with an iPhone), Apple usually chooses to debut new models when it debuts new iPhones. Thats expected to be no different this year. Rumors say that Apple will refresh all three models of its Apple Watch this year, debuting the Apple Watch Series 11, the Apple Watch Ultra 3, and the Apple Watch SE 3. Expect slightly larger displays on some as well as new health features. Apple iPhone 17 event: New AirPods Apple also usually chooses to update its AirPod wireless earbuds at the same time it launches new iPhonesthough it doesnt release new AirPods every year. This year, Apple is expected only to update one of its AirPods modelsthe AirPods Pro 3. Rumors are conflicting about what upgrades the new AirPods Pro 3 will have. Earlier rumors pointed to sound and performance upgrades, but later rumors have said the only major upgrades the AirPods Pro 3 will receive are new health featuresincluding the ability to detect the wearers heart rate. Apple iPhone 17 event: New Software Apple will also preview the final versions of its suite of operating systems that run on its devices. The company has already revealed the major new feature, along with a new numbering scheme based on the year rather than the iteration of the OS. When Apple mentions iOS 26, iPadOS 26, macOS 26, watchOS 26, and visionOS 26 at todays event, it’s possible some of the operating systems could have newly announced features that are limited to some of the new hardware Apple is announcing. As for the release date of iOS 26 and the other new operating systems, expect Apple to announce their availability to the public as a free download either this week or next week. Release dates may include Friday, September 12, or Monday, September 15. Apple iPhone 17 event: time zones Apples 2025 iPhone event kicks off today, Tuesday, September 9, at 10 a.m. PT. But if youre not in the Pacific time zone, here is what time the event starts in time zones around the world. Athens: 8 p.m. Auckland: 5 a.m. September 10 Beijing: 1 a.m. September 10 Berlin: 7 p.m. Brisbane: 3 a.m. September 10 Cairo: 7 p.m. Cape Town: 7 p.m. Chicago: 12 p.m. Denver: 11 a.m. Dubai: 9 p.m. Hong Kong: 1 a.m. September 10 Honolulu: 7 a.m. Houston: 12 p.m. London: 6 p.m. Melbourne: 3 a.m. September 10 Mexico City: 12 p.m. New York: 1 p.m. Paris: 7 p.m. Phoenix: 10 a.m. Sao Paulo: 2 p.m. Singapore: 1 a.m. September 10 Sydney: 3 a.m. September 10 Tel Aviv: 8 p.m. Toronto: 1 p.m. Vancouver: 10 a.m. Apple iPhone 17 event: How to watch There are plenty of ways you can watch todays Apple iPhone event: On Apple.com: Apple will stream the event on its official Apple Events website and homepage. You can access this stream from web browsers on your computer or mobile device. On YouTube: Apple also streams its iPhone event on its official YouTube channel. You can watch on YouTubes website or in the YouTube app on any supported device. In Apples TV app: Apple also streams the iPhone event in its TV app, which is available on all its devices. Just open the TV app to find the livestream. Finally, you can watch the iPhone 17 Apple event right here on FastCompany.com. Weve embedded the YouTube stream below.
Category:
E-Commerce
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