Josina Anderson , citing a high-ranking league official, reports former Giants QB Daniel Jones has “zeroed” in on his potential “leading choice” for his next team. Anderson also cites another high-ranking league source who said it’s their understanding that Jones “is telling teams tomorrow” which team he plans on signing with. According to Anderson, the Raiders are among the teams she’s heard are interested in Jones following Gardner Minshew ‘s injury. Jones cleared the waiver wire on Monday after teams wanted to avoid responsibility for his remaining salary. He is now expected to have at least ten teams interested in him and is likely looking to sign with a contender or a team like the Raiders that could offer him an opportunity to play due to injury. Ian Rapoport tossed out the Las Vegas as a team to potentially watch for Jones as well. Other interested teams could include the Ravens, Vikings, Lions, 49ers, and Dolphins. Jones, 27, was selected by the Giants with the No. 6 overall pick out of Duke in the 2019 NFL Draft. He finished the final year of his four-year, $25,664,056 rookie contract that included a $16,684,768 signing bonus. The Giants declined Jones’ fifth-year option entering the 2022 season. After playing out his deal, he signed a four-year, $160 million extension with the team in 2023. In 2024, Jones has appeared in 10 games for the Giants and completed 63.3 percent of his passes for 2,070 yards, eight touchdowns and seven interceptions. He’s added 67 rush attempts for 265 yards and two touchdowns. We will have more on Jones as it becomes available. This article first appeared on NFLTradeRumors.co and was syndicated with permission.SANTA CRUZ, Calif. (AP) — Persistent high surf and flooding threats along California’s coast had residents on high alert a day after a major storm was blamed for one man’s death and the partial collapse of a pier , which propelled three people into the Pacific Ocean. The National Weather Service on Christmas Eve warned of dangerous, large-breaking waves of up to 35 feet (10.7 meters). Its latest high surf warning will be in effect until 6 p.m. Tuesday. “Large waves can sweep across the beach without warning, pulling people into the sea from rocks, jetties and beaches,” the weather service said in a Christmas Eve bulletin. In Santa Cruz, where a municipal wharf under construction partially collapsed on Monday, most beaches were cordoned off as they were inundated with high surf and debris. Residents received an alert on their phones Tuesday morning notifying them to “avoid all beaches including coastal overlook areas such as rocks, jetties or cliffs.” It warned powerful waves could sweep entire beaches unexpectedly. Local officials said there could be further damage to the wharf, but no more pieces broke off overnight. The wharf collapsed and fell into the ocean midday Monday, taking three people with it. Two people were rescued by lifeguards and a third swam to safety. No one was seriously injured. Santa Cruz Mayor Fred Keeley said in the weeks and months ahead officials will have to assess long-term solutions for protecting the coastal city from the impacts of climate change . “Hallelujah that no one was hurt in this, which could have been orders of magnitude worse in terms of any injuries to human beings and damage to property onshore and offshore,” he said at a media briefing Tuesday. “But I think we have somewhat of a question mark as we move through time,” he added. “And I don't think we're by ourselves. I think this is what coastal communities around the world are probably dealing with.” The structure was in the middle of a $4 million renovation following destructive storms last winter about 70 miles (112 kilometers) south of San Francisco. “It’s a catastrophe for those down at the end of the wharf,” said David Johnston, who was allowed onto the pier on Monday to check on his business, Venture Quest Kayaking. Tony Elliot, the head of the Santa Cruz Parks & Recreation Department, estimated that about 150 feet (45 meters) of the end of the wharf fell into the water. It was immediately evacuated and will remain closed indefinitely. Some of the wharf’s pilings are still in the ocean and remain “serious, serious hazards” to boats, the mayor said. Each piling weighs hundreds of pounds and is being pushed by powerful waves. “You are risking your life, and those of the people that would need to try and save you by getting in or too close to the water,” the National Weather Service’s Bay Area office said on the social platform X. Building inspectors were looking at the rest of the pier’s structural integrity. Some California cities ordered beachfront homes and hotels to evacuate early Monday afternoon as forecasters warned that storm swells would continue to increase throughout the day. In Watsonville along the Monterey Bay, first responders were called to Sunset State Beach, a state park, around 11:30 a.m. Monday for a report of a man trapped under debris. The Santa Cruz County Sheriff’s Office believes a large wave pinned him there. The man was pronounced dead at a hospital. The storm’s high surf also likely pulled another man into the Pacific Ocean around noon Monday at Marina State Beach, nearly 13 miles (21 kilometers) south of Watsonville, authorities said. Strong currents and high waves forced searchers to abandon their efforts roughly two hours later as conditions worsened. The man remained missing Monday evening. Further south in Carmel Bay, a man remained missing as of Tuesday afternoon after reports that someone was swept off the rocks into the ocean at Pebble Beach on Monday, local emergency responders said. The U.S. Coast Guard will "transition to a recovery search as ocean conditions improve in the coming days,” officials said in a statement. In a post on X, the National Weather Service office in Portland, Oregon, said, “It will likely go down as some of the highest surf this winter.” Dazio reported from Los Angeles. Associated Press writers Sophie Austin in Sacramento and Jaimie Ding in Los Angeles contributed.
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Alberta Premier Danielle Smith has hired Edmonton Police Service Chief Dale McFee to be her new top bureaucrat. Starting early next year, McFee is to be deputy minister of executive council and head of the Alberta Public Service. He has been the capital city’s chief of police since 2019 and has also been in leadership positions with the Canadian Association of Chiefs of Police and the Canadian Police Association. McFee, who previously worked as a deputy minister for corrections and policing in Saskatchewan and was also the chief of police in Prince Albert, announced last month he would be leaving his EPS contract early . McFee was sworn in as Edmonton’s 23rd chief of police on Feb. 1, 2019. His last day with the EPS will be Friday, Feb. 21, 2025. His job with the Alberta government begins the following Monday, Feb. 24. Smith says she has worked with McFee on a number of government initiatives and he’ll bring a fresh perspective to the office. McFee says he’s deeply committed to the province and to driving positive change in the public service and for all Albertans. — More to come... With files from Karen Bartko, Global News
Travis Hunter named AP player of the yearPM Images Key Takeaways Markets: US equities collectively advanced during the third quarter of 2024, with record-high performance in some key indexes, bolstered by encouraging data showing cooling inflation, resilient job growth and improved consumer sentiment. The US Federal Reserve’s (Fed’s) 50-basis point (bp) rate cut was another positive catalyst that drove stocks higher. Contributors: Allocations to both the fixed income and equity sides of the portfolio contributed to absolute returns. The health care sector was among those that assisted performance on both sides of the fund. Detractors: During the period, the only detractor on a sector level was energy within the fund’s equity allocation. Outlook: We remain selective within equities but have added to positioning during the quarter, and we recently trimmed investment-grade corporate bond and non-core high-yield positions while selectively added to high-yield new issuances. Performance Review Franklin Income Fund ( MUTF: FKINX )( MUTF: FCISX )( MUTF: FRIAX )( MUTF: FKIQX ) underperformed its benchmark , the Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg High Yield Very Liquid Index + 25% Bloomberg US Aggregate Index, for the quarter ended September 30, 2024, while it outpaced the gain of the S&P 500 Index. Over the course of the quarter, the fund increased its equity exposure and decreased its allocation to fixed income . Fixed income allocations to US Treasuries (USTs), as well as the health care and information technology sectors, had a positive effect on absolute fund performance. No fixed income sectors detracted from absolute fund returns for the period. On an individual issuer basis, along with USTs, Community Health Systems ( CYH ) and CommScope Holding ( COMM ) were the top performers within the fund’s fixed income holdings. In contrast, Multiplan ( MPLN ) hindered returns. In terms of equities, the fund benefited from positions within the utilities, health care and industrials sectors . However, the energy sector detracted from absolute returns. Lockheed Martin ( LMT ), NextEra Energy ( NEE ) and Home Depot ( HD ) added value within the fund’s equity holdings. However, Intel ( INTC ), Chevron ( CVX ) and Boeing ( BA ) detracted from returns during the period. Outlook Economy: The economic growth outlook has been a major area of focus for the fund, as central banks around the world have pivoted toward easing monetary policy after two years of aggressive tightening to combat elevated inflation. The US economy remains resilient, largely driven by strong consumer spending on both goods and services, and while the labor market has incrementally cooled, unemployment levels are still low on a historical basis. With inflation viewed as anchored and following signs of some labor market softening, the Fed announced a 50-bp rate cut at its September 2024 meeting, which has been a positive catalyst for markets and has improved investor sentiment. We continue to monitor financial conditions as a leading indicator of future economic performance and Fed policy. Equities: Following two years of narrow market breadth, we have started to see a broadening out of market leadership over the last quarter. While index level valuations are still elevated, opportunities are starting to present themselves below the index levels, which we feel favors active management. We have found select opportunities within the consumer discretionary, industrials and materials sectors. We remain selective in engaging with equities, given current valuations in some sectors, as markets digest the lagged effect of monetary policy tightening, the shape of the yield curve, and geopolitical risks. Treasuries/Government-Backed Bonds: With the Fed starting an interest-rate cutting cycle, the front end of the yield curve has declined. The intermediate part of the yield curve has seen less volatility as the outlook for deficit spending, as well as longer-term economic growth and inflation expectations, has had an impact on the belly of the yield curve. Government securities continue to provide an attractive investment opportunity, in our view, as yields remain elevated based on recent history. We believe they continue to offer good diversification potential and can serve as a ballast to help hedge portfolios during market volatility. Investment-Grade Corporate Bonds: We retain a balanced view of the corporate investment-grade sector as the attractiveness of higher-quality assets has increased over the past 18 months. However, recent spread tightening has marginally reduced this attractiveness. High-Yield Corporate Bonds: While the high-yield market offers attractive yields, we remain balanced and selective due to the potential for higher refinancing costs impacting companies’ fundamentals. Characteristics (Fixed Income) 30-Day SEC yield w/ waiver-Advisor Class 3.65% 30-Day SEC yield w/o waiver-Advisor Class 3.64% Dividend Frequency, if any Monthly Click to enlarge Asset Allocation Asset Type % of Total Fixed Income 56.92 Equity 22.53 Convertibles/Equity-Linked Notes 20.11 Cash & Cash Equivalents 0.44 Click to enlarge Top Holdings Holdings % of Total UNITED STATES TREASURY NOTE/BOND 9.34 COMMUNITY HEALTH SYSTEMS INC ( CYH ) 2.97 EXXON MOBIL CORP ( XOM ) 2.05 TENET HEALTHCARE CORP ( THC ) 1.99 JOHNSON & JOHNSON ( JNJ ) 1.71 HOME DEPOT INC 1.65 CHEVRON CORP 1.46 NEXTERA ENERGY INC 1.44 BOEING CO 1.34 CITIGROUP INC ( C ) 1.32 Click to enlarge Sector Allocation (Equity) Sector % of Total Information Technology 6.83 Financials 5.29 Energy 5.19 Health Care 5.16 Utilities 4.62 Industrials 4.37 Materials 3.76 Consumer Staples 3.40 Consumer Discretionary 2.27 Communication Services 1.77 Click to enlarge Sector Allocation (Fixed) Sector % of Total Investment Grade Corporates 23.35 High Yield Corporates 22.74 U.S. Treasuries 9.34 Mortgage-Backed Securities 1.29 U.S. Agency 0.10 Floating-Rate Loans 0.05 International Bonds 0.04 Click to enlarge Average annual total returns and fund expenses (%) as of September 30, 2024 Without Sales Charge (% With Maximum Sales Charge (%) Expenses Sales Charges (%) Inception Date Class CUSIP Ticker 3- Mo YTD 1- Yr 3- Yr 5- Yr 10- Yr Inception 3- Mo YTD 1- Yr 3- Yr 5- Yr 10- Yr Inception Gross Net Max CDSC A 353496490 FKIQX 6.60 10.10 18.33 5.93 7.17 5.47 9.82 2.60 5.97 13.89 4.59 6.36 5.06 9.76 0.72 0.71 3.75 — 8/31/1948 Advisor 353496847 FRIAX 6.25 9.88 18.20 6.09 7.49 5.72 9.92 6.25 9.88 18.20 6.09 7.49 5.72 9.92 0.47 0.46 — — 8/31/1948 BM 1 7.39 11.22 19.84 5.22 5.95 6.74 — 7.39 11.22 19.84 5.22 5.95 6.74 — BM 2 5.89 22.08 36.35 11.91 15.97 13.38 — 5.89 22.08 36.35 11.91 15.97 13.38 — Benchmark Name BM 1 Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg High Yield Very Liquid Index + 25% Bloomberg US Aggregate Index (%) BM 2 S&P 500 Index Click to enlarge Performance data quoted represents past performance, which does not guarantee future results . Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized. All classes of shares may not be available to all investors or through all distribution channels. For current month-end performance, please visit www.franklintempleton.com. The fund began offering Advisor Class shares on 12/31/1996 and the fund began offering A Class shares on 9/10/2018. Performance quotations have been calculated as follows: ( A ) for Advisor Class periods prior to 12/31/1996, a restated figure is used based on the fund's Class A1 performance; for A Class periods prior to 9/10/2018, a restated figure is used based on the fund's Class A1 performance. The performance was adjusted to take into account differences in class-specific operating expenses and maximum sales charges. ( B ) For periods after share class offering, performance for the specific share class is used, reflecting the expenses and maximum sales charges applicable to that class. Gross expenses are the fund's total annual operating expenses as of the fund's prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns. Net expenses reflect contractual fee waivers, expense caps and/or reimbursements, which cannot be terminated prior to 01/31/2025 without Board consent. Additional amounts may be voluntarily waived and/or reimbursed and may be modified or discontinued at any time without notice. What should I know before investing? All investments involve risks, including possible loss of principal. Low-rated, high- yield bonds are subject to greater price volatility, illiquidity and possibility of default. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Changes in the credit rating of a bond , or in the credit rating or financial strength of a bond’s issuer, insurer or guarantor, may affect the bond’s value. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. The manager may consider environmental, social and governance ( ESG ) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus. Glossary Dow Jones Industrial Average ( DJIA ) is an unmanaged index composed of 30 blue-chip stocks, each with annual sales exceeding $7 billion. The DJIA is price-weighted, reflects large-cap companies representative of U.S. industry, and historically has moved in tandem with other major market indexes such as the S&P 500. Please note an investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Basis point (bps) is a standard measure for interest rates and other percentages in finance, representing one-one hundredth of one percent. U.S. Treasuries are backed by the “full faith and credit” of the United States government and offer return of principal value if held to maturity. The U.S. government guarantees the principal and interest payments on U.S. Treasuries when the securities are held to maturity. The Federal Reserve Board ("Fed") is responsible for the formulation of policies designed to promote economic growth, full employment, stable prices, and a sustainable pattern of international trade and payments. Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. You can find this and other information in each prospectus, or summary prospectus, if available, at www.franklintempleton.com. Please read it carefully. Important Information Portfolio breakdown percentages may not total 100% and may be negative due to rounding, use of any derivatives, unsettled trades or other factors. The Benchmark: 50% USA High Div Yield + 25% High Yield Very Liquid + 25% US Agg Index is composed of the Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg High Yield Very Liquid Index + 25% Bloomberg US Aggregate Index. The MSCI USA High Dividend Yield Index is designed to reflect the performance of mid- and large-cap equities (excluding REITs) with higher dividend income, which is sustainable and persistent, than average dividend yields of securities in the MSCI USA Index. The Bloomberg US High Yield Very Liquid Index (VLI) is a component of the US Corporate High Yield Index designed to track a more liquid component of the U.S. dollar-denominated, high-yield, fixed-rate corporate bond market. The Bloomberg US Aggregate Bond Index is comprised of investment-grade, U.S. dollar-denominated government, corporate, and mortgage- and asset-backed issues having at least one year to maturity. Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI. Bloomberg Indices. The S&P 500 Index features 500 leading U.S. publicly traded companies, with a primary emphasis on market capitalization. Source: © S&P Dow Jones Indices LLC. All rights reserved. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change. Important data provider notices and terms available at www.franklintempletondatasources.com. The 30-day SEC yield is calculated using the net income (interest and dividends) per share earned over a trailing 30-day period (annualized), divided by the fund's share price at the end of that period. It may not equal the fund's actual income distribution rate, which reflects the fund's past dividends paid to shareholders. Click to enlarge Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.Malik Nabers says calling the Giants 'soft' was wrong but he doesn't regret speaking out
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