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Puerto Rico rebuilds after Hurricane Fiona; Florida continues search and rescue operations after Hurricane Ian

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The 2022 Atlantic Hurricane season isn’t over until November 1

U.S. President Joe Biden and First Lady Jill jetted off to Puerto Rico on Monday.

The president pledged $60 million in federal funding for the island which was ravaged by hurricane Fiona weeks ago.

“We’re with you, I mean it—all of America’s with you as you receive and recover and rebuild,” he said.

“We’re investing in Puerto Rico’s roads, bridges, public transit, ports, airports, water safety and high-speed Internet.

Meanwhile, back on the U.S. mainland down in Florida Governor Ron DeSantis talked about the search and rescue operations that continue after Florida’s southwestern coast was hit last week by Hurricane Ian.

“So far we’ve had more than 1,900 rescues with more than 1,000 personnel having gone door-to-door to 65 different structures to check on occupants and those are mostly structures in the really hard head areas—the barrier islands and the like.”

Gov. DeSantis added that their division of emergency management is continuing to bring large quantities of water, food, and other substances into the area to help everybody get by.

He said, “we’re also distributing tarps for the roofs—although I will tell you one thing, I’ve noticed the new construction in Florida seemed to have held up very well.”

Florida’s office of emergency management says about half of a million residents are still without power—and that they are working to restore it by Sunday.

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

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Eisman identifies infrastructure as key investment opportunity

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Famed investor Steve Eisman, has shifted his focus to infrastructure, citing three main reasons.

 

The pandemic-induced shift towards onshore investment, the rise of AI necessitating data centre expansion, and the global push towards greener energy.

Eisman believes these trends offer a decade-long opportunity for investors, with Australia presenting ample opportunities for market participation.

Notable companies to consider for exposure include BlueScope and James Hardie Industries for building materials, Macquarie Technology and Goodman Group for data centres, and Worley, AGL Energy, and Origin Energy for electricity grid upgrades and green infrastructure.

However, Eisman cautions investors to approach utility investments carefully, considering their capital expenditure budgets in renewable energy and grid upgrades.

 

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Civil War cinema brings in the box office dollars

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Alex Garland’s film “Civil War” has made a significant impact at the box office, surpassing expectations with a $25.7 million opening weekend in North America.

Starring Kirsten Dunst, Wagner Moura, and Cailee Spaeny, the film explores a near-future scenario where California and Texas unite against a president’s authoritarian regime. Despite fictional elements, “Civil War” has sparked widespread discussion, with its themes resonating in today’s political climate. The film’s performance, coupled with positive reviews, suggests a promising trajectory in the coming weeks, bolstered by a relatively quiet release schedule.

You can catch the trailer here

 

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Oil likely to see hike following Iran’s Israel attack

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Global oil markets are poised for potential disruption as tensions escalate in the Middle East following Iran’s recent attack on Israel.

The attack, which targeted key infrastructure, has raised concerns about the stability of oil supplies in the region.

Experts predict that the incident could lead to a spike in oil prices as investors react to the heightened geopolitical risk. #ticker today #featured

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