In today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON4’s James Fletcher talk about how to prepare for insurance claims in the wake of Hurricane Florence, job openings reaching new highs, and what the FDA is considering to end the epidemic of teen vaping.
Rob also answers the question, “What is the best trade based on Hurricane Florence?”
If you’re a homeowner bracing for Hurricane Florence, here’s what you can do now to prepare for insurance claims. Taking photos of your belongings and your house to document what you own and their condition before the storm. Understand your insurance policy and know what is and isn’t covered. Be prepared to face delays in the claims process.
As job openings reach unprecedented levels, so does quitting. U.S. employers advertised the most jobs on record in July, and the number of workers quitting their jobs also hit a new all-time high. Americans are increasingly taking advantage of a tight labor market to find new, often higher-paying jobs. That could help push up wages broadly across the economy. The number of people quitting jumped 3 percent to 3.58 million, also a record.
The FDA is putting e-cig makers on notice. In an unprecedented move, the Food and Drug Administration has ordered five brands — Juul, Vuse, MarkTen, blu e-cigs, and Logic — to submit plans to address teen use of their products within 60 days. Across the entire e-cigarette category, the FDA is considering restricting manufacturers from selling flavored nicotine liquid or making the products undergo an agency review. E-cigarettes, particularly Juul, have become a phenomenon among high school and middle school students. Oddly tobacco stocks are surging on the news.