Inflation cooler than expected; stocks mixed as oil and yields climb

CNN Newsource on October 1, 2026

By Tom LoBianco | Quincy News Correspondent

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    Washington (Quincy News) — Market Recap

Inflation came in cooler than expected in August, reducing expectations for another interest-rate hike at the Federal Reserve’s October meeting. The personal consumption expenditures price index rose 0.3% from July and 3.4% from a year earlier, while core PCE, which excludes food and energy, increased 0.2% for the month and 3.0% over the year. The annual rates were unchanged from their revised July levels but below economists’ forecasts.

Stocks initially rose but lost momentum as longer-term Treasury yields and oil prices climbed. A separate government report revised second-quarter economic growth up to an annualized 2.2%, from the previous estimate of 1.5%, underscoring the economy’s continued resilience.

The S&P 500 ended Wednesday down 0.25%, the Dow Jones Industrial Average fell 0.86% and the Nasdaq Composite gained 0.24%. Oil rose by about $1 a barrel amid stalled U.S.-Iran talks and tight fuel supplies, with U.S. crude settling at $90.42 and the more actively traded December Brent contract at $98.03.

Today’s Focus

U.S. stock futures had turned modestly higher shortly before 8 a.m. ET, led by Nasdaq futures, after swinging between mixed and positive territory overnight. But elevated borrowing costs and energy prices remained a concern as October trading began.

The 10-year Treasury yield briefly reached 5.34% before easing, while the 30-year yield approached 5.66%. Brent crude’s current benchmark contract was trading near $100 a barrel.

Micron reported stronger-than-expected fiscal fourth-quarter revenue after Wednesday’s close and forecast current-quarter revenue above Wall Street estimates, reinforcing strong demand for memory chips used in artificial intelligence and data centers. The results helped support broader chip stocks in premarket trading, even as Micron shares edged lower following their sharp gains this year.

Investors will get the latest weekly jobless-claims report Thursday morning, followed by two measures of manufacturing activity and August construction spending. Several Federal Reserve officials are also scheduled to speak, including Governor Christopher Waller and Vice Chair Philip Jefferson. The September jobs report arrives Friday morning.

ON THE SCHEDULE FOR THURSDAY, OCTOBER 1, 2026

– 8:30 a.m. ET – Weekly initial jobless claims

– 9:45 a.m. ET – Final September S&P Global U.S. Manufacturing PMI

– 10 a.m. ET – September ISM Manufacturing PMI; August construction spending; Fed Governor Christopher Waller speaks

– 1:30 p.m. ET – Fed Vice Chair Philip Jefferson speaks on the U.S. economy and monetary policy

– Friday, 8:30 a.m. ET – September jobs report

Please note: This story was provided to CNN Wire by an affiliate and does not contain original CNN reporting. This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.

UC Davis finds 77 previously unknown burials near former Sacramento hospital cemetery

CNN Newsource on October 1, 2026

By Cecilio Padilla

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    SACRAMENTO, California (KOVR) — UC Davis Health says 77 previously unknown burials were discovered this year during construction at its Sacramento campus, in an area that overlaps with a former Sacramento County Hospital cemetery.

The remains were found in February during excavation along X Street near Stockton Boulevard.

Historical and archaeological research indicates the site overlaps with the former hospital cemetery, which operated from the 1880s through the 1920s.

The remains are being stored at a secure facility while UC Davis Health works with public agencies and the Sacramento County Cemetery Advisory Commission on next steps.

Some are relatively complete skeletons, while others consist of bone fragments. Officials said no grave markers or other materials identifying those buried there were found.

So far, there is no evidence the remains are Native American in origin.

It is not the first such discovery in the area. Previous construction nearby uncovered the remains of 72 people also believed to have been buried in the former hospital cemetery. Those remains were later reinterred at St. Mary’s Cemetery in Sacramento with court approval.

UC Davis Health said the latest discovery is being handled through standard legal and archaeological procedures.

Anyone with information or questions about the burials is being asked to contact UC Davis Health Government and Community Relations by Nov. 3.

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Woman dies after jumping off San Bruno freeway overpass following chase, standoff with South San Francisco police

CNN Newsource on October 1, 2026

By Carlos E. Castañeda

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    SAN FRANCISCO, California (KPIX) — A woman involved in a police chase and standoff with South San Francisco police officers died of her injuries after jumping off a freeway overpass in San Bruno, police said on Wednesday.

The South San Francisco Police Department said in a press release that the incident began on Monday at about 8:30 p.m. when officers located a vehicle associated with a woman involved in a vehicle pursuit with another law enforcement agency earlier that day and who had multiple outstanding arrest warrants. When officers tried to contact her, she brandished a pair of scissors and got into the driver’s seat of the vehicle, police said.

An officer shot her with a stun gun, which police said was ineffective, and the woman fled in the vehicle, followed by officers. The chase went south into San Bruno, where police said the woman rammed a South San Francisco police vehicle multiple times while trying to evade officers, police said. Officers deployed spike strips, and the vehicle eventually became disabled on the Sneath Lane overpass at Interstate Highway 280, police said.

The woman remained barricaded inside the car and did not respond to officers’ command to exit the vehicle, according to police. A crisis negotiation team also responded to the scene and tried to communicate with the woman, but were unsuccessful.

Officers then shot pepper-ball projectiles into the vehicle, and the woman got out and fled toward the guardrail of the overpass, police said, and they shot her with a sponge round to try and stop her but it was not effective. A police K-9 was then deployed in an attempt to apprehend her, police said.

“The woman continued toward the overpass guardrail, and the canine was recalled,” according to the press release. “Moments later, the woman intentionally climbed over the guardrail and landed on the freeway below.”

Police said that officers immediately stopped the approaching traffic and began medical aid until medics arrived. The woman was taken to a trauma center, where she later died from her injuries. Police did not identify her.

No officers were injured. Police said the circumstances surrounding the incident, including the events leading to the pursuit and the woman’s actions during the encounter, remained under investigation.

Anyone with additional information about the incident was encouraged to contact the South San Francisco Police Department at 650-877-8900.

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In-laws charged with murder in California shooting of NY Times executive

CNN Newsource on October 1, 2026

By Carlos E. Castañeda, Maddie White

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    DUBLIN, California (KPIX) — An elderly California couple accused of shooting and killing their son-in-law were charged with murder on Wednesday.

Shouyong Zhang, 77, and his wife Shili Chen, 77, were arrested on Saturday after witnesses told police they took turns shooting at 40-year-old New York Times executive Jonathan McKinsey in the parking lot of the Dublin Sports Grounds in Dublin, about 35 miles east of San Francisco.

McKinsey was pronounced dead at the scene, and Chen and Zhang were arrested minutes later near the Dublin police station.

In addition to felony murder, Chen and Zhang were charged with personal use of a firearm causing death, and lying in wait, a special circumstance that carries the possibility of a life sentence without parole. Neither entered a plea on Wednesday; both were being held without bail.

Dublin Police Services said Zhang admitted to shooting McKinsey, and that Chen has refused to talk after their arrest. A second gun was found during the search of the couple’s car, according to police.

The shooting followed years of documented family strife involving McKinsey, his wife – identified as Candice Jang, their three children, and his in-laws. In October 2025 following accusations from Jang, McKinsey was charged with child endangerment involving their 2-year-old, and corporal injury involving their 6-year-old. He pleaded not guilty to both charges.

Days later, Jang filed for a restraining order against McKinsey to keep him away from both her and the children, which was followed by McKinsey filing his own restraining order against Jang in December 2025. McKinsey also filed for divorce days later.

Court documents indicate that McKinsey alleged his in-laws had long abused him for being a transgender man, and alleged that Jang had physically and emotionally harmed him and their children for years and allowed her parents to do the same. McKinsey also alleged that Zhang had punched him in the chest while he was recovering from a double masectomy, and alleged that Chan struck her grandson after he wanted to wear his sister’s dresses, and called him derogatory names.

Police have not elaborated on the motive for the shooting and have not addressed the previous charges against McKinsey or subsequent court actions.

Legal analyst Steven Clark said the history between the victim and the defendants could become relevant as the case moves forward.

“The defense will do a deep dive on the relationship between their clients and the victim,” Clark said.

Clark said prosecutors do not have to prove a motive to obtain a murder conviction, but the history could still become part of the case.

“While the DA does not need to prove motive in a murder case, certainly the motive here is something that could play out in this trial,” Clark said.

Wednesday’s hearing also revealed that Chen does not yet have an attorney. She was expected back in court Thursday morning.

Zhang waived a formal reading of his rights and charges during Wednesday’s proceeding.

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Santa Ana man who made up venomous snake story could be arrested and cited, police say

CNN Newsource on October 1, 2026

By Michele Gile

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    SANTA ANA, California (KCAL, KCBS) — The man who put a Santa Ana neighborhood on edge by reporting the sighting of a venomous viper earlier in the week, then recanting the story, saying he made it all up, could be arrested and issued a citation, police said.

On Monday, reptile experts and police responded to a backyard in the 1400 block of Cypress Avenue after resident Joel Ciprian alerted his neighbors of a Gaboon viper and showed them a photo he allegedly took of the snake. He also sent that photo to the Santa Ana Police Department, which led to a community alert of the sighting.

Residents and officers describe three days of unnecessary fear in the community and the deployment of police resources in and around Cypress Avenue as the hoaxer stood by his story.

Days after first reporting it, Ciprian admitted to police that he made up the story and that the photo of the snake was AI-generated. “Now that is a crime,” Officer Natalie Garcia said, noting that he admitted to falsifying a report.

“We were able to write a report describing that he has now said that ‘I made this up’ and essentially apologizing for what he did,” Garcia said.

“And so we submit this to the district attorney’s office and we’re hoping that we can press charges against him.”

A neighbor thinks that a citation is appropriate.

“He’s a young man, he made a mistake … I think maybe something, at least a citation, will at least make him aware of the crime that he committed … But we don’t want him to suffer too much for something that is a dumb mistake that hopefully he’ll learn his lesson from.”

The DA’s office hasn’t received the crime report yet. A misdemeanor conviction could get Ciprian a year in jail.

There is no known motive for this crime. As for the snake photo, police say they ran it through AI detection programs and got conflicting answers, but needed to respond to the neighborhood just in case.

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2 dead, 2 hospitalized,1 missing after Catalina Island helicopter crash

CNN Newsource on October 1, 2026

By Matthew Rodriguez

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    CATALINA ISLAND, California (KCAL, KCBS) — Rescue crews rushed to the Catalina Island coastline after a medical helicopter crashed in the ocean on Wednesday night.

The Los Angeles County Fire Department said it dispatched helicopters and divers at around 7:50 p.m., shortly after receiving the initial reports of the crash. Five people were aboard the flight, according to LA County Fire.

Firefighters said two people died at the scene, two people were hospitalized and one person was missing.

Deputies said the conditions of the two who were injured weren’t known.

Rescue crews said the fifth person was still missing as of 9:40 p.m. The Coast Guard said the search for the missing person would continue through the night.

The National Transportation Safety Board said it would investigate the crash, adding that the helicopter that went down was a Eurocopter EC 135 P2.

LA County Fire said the helicopter’s flight plan was unclear. Deputies said the helicopter belonged to Reach Air Medical Services.

Flight tracking data showed a Reach Air Medical Services helicopter taking off from Oceanside in San Diego County at 6:40 p.m. and landing on Catalina Island at 7:04 p.m.

LA County Supervisor Janice Hahn wrote on X that the helicopter crashed shortly after taking off from the island roughly an hour later.

“Search and rescue operations are underway and I am praying for everyone who was on board,” Hahn wrote on X.

A Reach spokesperson said the company is aware of the incident but could not provide further information.

“Our immediate concern is for the well-being of those involved,” the spokesperson wrote in a statement.

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Farm Bill deadline passes as Colorado farmer warns costs, uncertainty are piling up

CNN Newsource on October 1, 2026

By Kelly Werthmann

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    WELD COUNTY, Colorado (KCNC) — As the latest extension of the 2018 Farm Bill expired Sept. 30, Congress remained without a new long-term agriculture policy despite years of negotiations and temporary extensions.

The Farm Bill is the sweeping legislation that governs many federal farm safety net programs, conservation efforts, crop insurance support and food assistance programs. While the U.S. House passed a new Farm Bill earlier this year and the Senate Agriculture Committee advanced its own version in September, lawmakers have yet to reach a final agreement.

U.S. Rep. Lauren Boebert, whose district includes much of eastern Colorado’s agricultural region, said partisan politics are slowing the process.

“I think we’ve done a good job over the years of producing a better Farm Bill. I think it still can have improvements,” the Republican told CBS Colorado. “Unfortunately, because it is election season, we have Democrats who are currently holding our farmers and ranchers hostage and not passing this bipartisan farm bill, and it’s very unfortunate.”

Colorado’s Democratic senators argued farmers are facing broader economic pressures that also need to be addressed.

“Colorado farmers, who are our best entrepreneurs, are getting squeezed from all ends. The president’s war with Iran has sent fertilizer and diesel costs skyward, while drought and rising input costs are making it harder to keep farming profitable,” Sen. John Hickenlooper said in a statement. “We have voted repeatedly to end the war and bring costs down for farmers, and remain committed to passing a bipartisan Farm Bill that supports farmers and Colorado’s most vulnerable in every corner of the state.”

Sen. Michael Bennet, who voted against advancing the Senate bill out of committee earlier this month, said he shares in Colorado farmers’ and ranchers’ frustration with another potential farm bill extension.

“I share Colorado farmers’ and ranchers’ frustration with another potential Farm Bill extension. But we need to pass a bill that meets today’s producers’ needs, not just a deadline. This bill fails that test. Producers have repeatedly needed billions in ad hoc assistance during crises. We should be asking why. We need a Farm Bill that builds a reliable safety net, confronts costs, expands markets, cuts red tape, prepares producers for drought and wildfire, and invests in strong rural communities. I hope we can use the rest of this year to come together around a bipartisan Farm Bill that reflects the realities farmers and ranchers face today.”

For third-generation Weld County farmer Marc Arnusch, the delays in Washington come during one of the most challenging periods he has faced in agriculture. Standing in a field that produced nothing this year, Arnusch pointed to the toll drought has taken on his operation.

“We’ve grown a lot of crops of corn, sugar beets. We’ve had onions on this farm,” he said, pointing to several hundred acres that remained barren this year. “This is sitting idle. It did not produce a crop at all in 2026.”

Arnusch said persistent drought forced him to reduce the number of acres he planted this year, leaving some fields unseeded because there simply was not enough water available.

At the same time, he said operating costs have surged.

“In 2026, our costs have actually exploded on the farm,” Arnusch said. “Diesel’s up 90%, fertilizer’s up 70%. Everything that it takes to run this farm is going up.”

The combination of higher expenses, lower commodity prices and ongoing drought has squeezed profit margins across much of farm country, Arnusch said. That’s why he and other producers are closely watching the Farm Bill debate.

“The last time the farm bill was negotiated and agreed to in Washington was 2018, and I can tell you there’s very few things in my farming operation that are the same as eight years ago,” Arnusch said.

Congress has relied on short-term extensions instead of passing a new five-year bill, leaving many producers uncertain about the future of federal farm programs. Arnusch argues that while lawmakers acknowledge the challenges facing agriculture, the policies intended to support farmers have not kept pace with today’s economic realities.

“The Colorado farmer, the American farmer, can overcome high production costs. We can overcome low commodity prices. We can even overcome a drought,” Arnusch said. “But you layer all three of those together … We need a safety net that we can see, that we can understand before we hit the ground, not afterwards, not with rescue policies.”

The issue, he said, extends beyond individual farmers.

“The American public is at a turning point,” Arnusch said. “We’re not asking you to feel sorry for a Colorado farmer. We’re asking you: Does agriculture still matter? You eat three times a day. We should all be interested in agriculture because we depend upon it each and every single day.”

As Congress continues negotiations over the next Farm Bill, Arnusch said farmers are not asking for a bailout. They are asking for tools to manage increasingly unpredictable conditions.

“We’re just asking to give us the tools to manage risk,” he said. “Nothing more than that. Just give us the tools to manage risk. We’ll take it from there.”

Please note: This story was provided to CNN Wire by an affiliate and does not contain original CNN reporting. This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.

Former Ann Arbor nurse accused of helping ICE detainee flee hospital

CNN Newsource on October 1, 2026

By DeJanay Booth-Singleton

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    ANN ARBOR, Michigan (WWJ) — A former Trinity Health Ann Arbor Hospital nurse is charged under a criminal complaint after she allegedly helped a man who was detained by the U.S. Immigration and Customs Enforcement to flee the hospital.

According to the eight-page complaint, 33-year-old Chloe Renae Freeman of Whitmore Lake, Michigan, is charged with instigating or assisting an escape, a misdemeanor. Trinity Health Michigan confirmed to CBS News Detroit that Freeman no longer works at the hospital.

The complaint alleges that on May 28, 2026, Freeman “knowingly” and “willfully” assisted in the man’s escape when she removed his IV and escorted him to the ambulance bay. Security footage showed the man leaving the hospital at about 11:32 p.m.

The man, who is a citizen of Mexico and was said to be in the U.S. illegally, was brought to the hospital a few hours earlier after he attempted to flee from federal agents, tripped over a curb, and hit his face on the pavement, according to the complaint. The man had just completed a CT scan when the data showed that Freeman used her badge to enter the second-floor room.

Authorities have not been able to locate the man since his escape, according to the complaint.

In an interview with hospital officials on June 18, Freeman admitted to letting the man leave, claiming that she knew the man was an ICE custody patient, but did not believe that he was in custody because the federal agents were not with him in the CT room, according to the complaint.

CBS News Detroit reached out to Freeman’s attorney for comment, but did not hear back.

The complaint states that the man was previously removed from the U.S. in December 2022 from Arizona. According to the complaint, the man had not obtained permission from the Attorney General or the Secretary of Homeland Security to reapply for admission into the country before he was detained in Michigan.

The complaint states that on May 28, federal agents located the man near the intersection of Washtenaw Avenue and Pittsfield Boulevard in Ann Arbor, prompting him to flee.

After the man fell, federal agents contacted EMS when they noticed blood coming from his head and a small contusion, according to the complaint. The complaint states that the arrest was “an administrative, non-criminal action made pursuant to process and authority issued under the laws of the United States.”

According to the complaint, a CT technical operator told investigators that they were preparing to transport the man back to his room after his CT scan when two nurses, including Freeman, told the operator to keep the man there. Freeman later returned to the CT room, according to the complaint.

Freeman said in her interview that she did not agree with separating families and that she knew she was “going to set him free,” according to the complaint. Freeman also acknowledged that the man could have died due to his injuries.

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Both parents of toddler found with loaded handgun at Canton daycare to be arraigned

CNN Newsource on October 1, 2026

By Karma Sabbah

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    CANTON TOWNSHIP, Michigan (WWJ) — Both parents of a child who was in possession of a loaded handgun at his daycare center in Canton Township are scheduled to be arraigned on Thursday, the Canton Public Safety Department says.

Officers responded to the Children’s World Early Learning Center on Monday and collected a firearm that was found with a toddler, officials say.

Authorities had confirmed that one of the child’s parents is a police officer in a neighboring community and that the gun was not a service weapon.

The parents are scheduled to be arraigned by Judge Joe Barone at 10 a.m. on Thursday in the 35th District Court in Plymouth, authorities say.

Canton Police Chief Joseph Bialy commended the daycare staff for responding quickly to the incident.

In a statement to CBS News Detroit, Children’s World Early Learning Center said:

“We pride ourselves on being one of the safest centers in the Canton area. It is our priority. Although this incident was out of our control, we are very proud of our staff and especially the teacher who responded so quickly. It was an unfortunate incident. No one was hurt and all safety measures were followed. Because of our attention to safety and our strict adherence to protocols, we avoided what could have been a tragedy.”

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Attorneys of Harper Moyski’s family say YouTube could have prevented Annunciation shooting

CNN Newsource on October 1, 2026

By Reg Chapman and Web Staff

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    MINNEAPOLIS, Minnesota (WCCO) — The attorneys for an Annunciation Catholic School shooting victim’s family say YouTube could have prevented the tragedy, and a civil lawsuit is being considered.

On Monday, a little more than a year after the shooting, attorneys say the media company and “Garry’s Mod,” a video game owned by Facepunch Studios, have “blood on their hands after their failure to act on information they had led to the tragedy.”

The mass shooting, which occurred during the first Mass of the school year on Aug. 27, 2025, killed 8-year-old Fletcher Merkel and 10-year-old Harper Moyski. Eighteen other children, ranging in age from 6 to 15, were hurt, as well as three adults. The shooting happened at the church, which is connected to a school building.

Moyski’s family is represented by civil rights attorneys Bakari Sellers of The Strom Law Firm and Gregorio Francis of Osborne, Francis and Pettis.

Attorneys say the shooter posted multiple videos to YouTube that promoted “extremely violent ideologies” that glorified racism, antisemitism, firearms and more.

“The videos, scheduled to go public the day of the shooting, included a violent manifesto and an apparent diagram of Annunciation Church,” the attorneys said in a release.

Attorneys accuse YouTube of having this information before the shooting and failing to contact authorities. They did not provide details on the involvement of “Garry’s Mod.”

“Harper was pure joy and hope,” Moyski’s parents, Jackie Flavin and Michael Moyski, said in the release. “Losing her has been a never-ending nightmare. Knowing that YouTube could have saved her life but chose not to is more than any parent could bear. We want to know why they decided that our daughter wasn’t worth the one phone call it would have taken YouTube to save her life.”

The attorneys say their investigation is ongoing, but “they are examining all available options for justice including a civil lawsuit.”

“We want to explore what procedures were followed or not followed by YouTube in this case because we believe that there was sufficient time for the authorities to be contacted and for something to be done to prevent this terrible tragedy,” Francis said.

A spokesperson for Google, which owns YouTube, released a statement to WCCO on Wednesday.

“We have the deepest sympathies for the victims and families of the horrific attack at the Annunciation Church,” the spokesperson said. “We removed the videos after detection, and invest heavily in technology and our teams to remove extremist content. We also work closely with law enforcement, other platforms, and civil society to share intelligence and best practices.”

Craig Sixta, Element’s chief technology officer, said it’s a “needle in a haystack” to catch certain videos. He said 720,000 hours of video are uploaded to YouTube daily.

“Google has about 10,000 human researchers that review videos that are flagged by AI or flagged by the computers themselves, so 720,000 hours, even with 10,000 people, there is no way that you could review a fraction of that,” Sixta said. “There may be some unintended side effects to this. We want to do the best we can to protect people, but we also don’t want to lose our ability to freely express ourselves.”

WCCO reached out to Facepunch Studios for a statement, but has not heard back.

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