Top Stories — Wednesday, September 10, 2025
What is trending in the USA today? Here is Breaking News:
- Judge blocks Trump from firing Fed Governor Lisa Cook while her lawsuit plays out — CNBC
- China's consumer prices fall more than expected in August as deflation woes persist — CNBC
- Hellfire missile bounces off mysterious orb in stunning UAP footage shown to Congress — Fox News
Judge blocks Trump from firing Fed Governor Lisa Cook while her lawsuit plays out
Source: CNBC • Published: 9/10/2025, 8:05:54 AM
A federal judge on Tuesday night blocked President Donald Trump from firing Federal Reserve Governor Lisa Cook as her lawsuit challenging her termination plays out in court.
Judge Jia Cobb's issuance of a temporary restraining order in the case came nearly two weeks after Cook sued Trump to prevent him from becoming the first president in history to remove a Fed governor for purported cause.
Trump said on Aug. 25 that he was firing Cook because of suggestions by Federal Housing Finance Agency Director Bill Pulte that she had committed mortgage fraud in connection with documents she signed for two residential properties she owns in Georgia and Michigan. Those documents were signed before she joined the Fed.
Cook, who is the first Black woman to serve on the Fed board, denies any wrongdoing.
"The public interest in Federal Reserve independence weighs in favor of Cook's reinstatement," Cobb wrote in an opinion on her decision Tuesday.
"At this preliminary stage, the Court finds that Cook has made a strong showing that her purported removal was done in violation of the Federal Reserve Act's 'for cause' provision."
Cobb said that "the best reading" of that provision is that the bases for removing a Fed governor are limited to ctions relating to that governor's "behavior in office."
" 'For cause' thus does not contemplate removing an individual purely for conduct that occurred before they began in office," the judge wrote, referring to the allegations that Trump has cited in seeking to fire Cook.
Cobb's order enjoins Fed Chairman Jerome Powell and the Board of Governors "from effectuating in any manner" Cook's removal because of Trump's order.
Cook's lawyer, Abbe Lowell, in a statement, said, "Today's ruling recognizes and reaffirms the importance of safeguarding the independence of the Federal Reserve from illegal political interference."
"Allowing the President to unlawfully remove Governor Cook on unsubstantiated and vague allegations would endanger the stability of our financial system and undermine the rule of law," Lowell said.
"Governor Cook will continue to carry out her sworn duties as a Senate-confirmed Board Governor."
The White House and the Federal Reserve did not immediately reply to requests for comment on Cobb's order.
The Supreme Court is expected to have the final say in the case.
Trump has been critical of the Fed, Powell, and governors, including Cook, for not cutting interest rates as the president has demanded.
"I will not resign," Cook said hours after Trump said he was firing her.
"President Trump purported to fire me 'for cause' when no cause exists under the law, and he has no authority to do so."
The Federal Reserve Act says that board governors can be removed by a president only "for cause."
Lowell, during an Aug. 29 court hearing, scoffed at the idea that Trump had legal cause to terminate her.
"You can't have Director Pulte's crazy midnight tweets be the cause," Lowell told Cobb in U.S. District Court in D.C., during that hearing.
This is developing news. Check back for updates.
China's consumer prices fall more than expected in August as deflation woes persist
Source: CNBC • Published: 9/10/2025, 7:50:23 AM
China's consumer prices fell more than expected in August while deflation in factory-gate prices persisted, as calls mounted for Beijing to ramp up measures to bolster sluggish domestic demand and cushion weakening exports growth.
The consumer price index dipped 0.4% last month from a year earlier, according to data from the National Bureau of Statistics released Wednesday, compared with Reuters-polled economists' forecast for a 0.2% contraction.
Core CPI, which strips out volatile food and energy prices, rose 0.9% from a year earlier, according to the official release.
The producer price index dropped 2.9% in August from a year ago, in line with economists' estimates in a Reuters poll.
While the deflation in PPI, now in its third year, has eased modestly compared to the prior months, a "continued upcycle is still some way off for China," said Tianchen Xu, senior economist at Economist Intelligence Unit, citing Beijing's reluctance to impose restrictions on industrial capacity and softening global demand for raw material and industrial goods.
In terms of the recovery in core CPI, "it seems that demand stimulus played a role in propping up prices, even if it's still far from China's own inflation target," Xu added. China has set its inflation target at around 2% for 2025.
Chinese policymakers have intensified efforts aimed at reining in excessive price cuts that have eroded corporate profits while doing little to spur demand.
A slew of local governments across the country have paused their consumer trade-in programs — that subsidize spending on cars, household appliances and smartphones — due to the rapid depletion of the allocated funds.
Economists have ramped up calls for Beijing to unleash fresh fiscal support as fresh data signal mounting economic strains.
The country's exports growth slowed to 4.4% in August, slowest in six months, China's customs data showed Monday, with economists expecting outbound shipments to come under pressure as the U.S. targets rerouting of goods via third countries.
Hellfire missile bounces off mysterious orb in stunning UAP footage shown to Congress
Source: Fox News • Published: 9/10/2025, 7:44:23 AM
A House hearing on unidentified aerial phenomena (UAPs) stunned lawmakers when video evidence showed a U.S. drone firing a Hellfire missile at an orb off Yemen—only for the object to remain intact and keep moving, raising urgent questions about technology beyond known military capabilities.
At a House Oversight subcommittee meeting on UFO transparency and whistleblower protection, Rep. Eric Burlison, R-Mo., unveiled the video.
The footage showed an MQ-9 drone tracking a UAP orb as another MQ-9 launched a Hellfire missile at it. The missile struck the orb, but instead of destroying it, the round appeared to "bounce right off."
"That's a Hellfire missile smacking into that UFO and [it] just bounced right off, and it kept going," journalist George Knapp said. "There are servers where there's a whole bank of these kind of videos that Congress has not been allowed to see."
Members of a House subcommittee watched a video of a Hellfire missile bouncing off a UAP on Sept. 9, 2025. (Fox News)
Lawmakers and witnesses stressed that no known U.S. technology could withstand a Hellfire strike.
"Are you aware of anything in the U.S. arsenal that can split a Hellfire missile like this…and do whatever blob thing it did, and then keep going?" Rep. Anna Paulina Luna, R-Fla., asked each witness.
Nuccetelli and Wiggins testified that no U.S. technology is capable of surviving such a strike.
U.S. Air Force Veteran Jeffrey Nuccetelli, U.S. Navy Senior Chief Petty Officer Alexandro Wiggins, journalist George Knapp, U.S. Air Force Veteran Dylan Borland and Project On Government Oversight senior policy counsel Joe Spielberger are sworn in to testify at a U.S. House Committee on Oversight and Reform hearing on "Restoring Public Trust Through UAP Transparency and Whistleblower Protection" on Capitol Hill in Washington, D.C., Sept. 9, 2025. (Elizabeth Frantz/Reuters)
Asked if the video frightened them, all three – Nuccetelli, Wiggins and U.S. Air Force Veteran Dylan Borland – answered "yes."
Beyond the Hellfire video, witnesses also shared their own UAP encounters.
KLAS-TV journalist George Knapp of Las Vegas, takes his seat for the House Oversight and Government Reform Committee Task Force on the Declassification of Federal Secrets Subcommittee hearing on "Restoring Public Trust Through UAP (Unidentified Anomalous Phenomena) Transparency and Whistleblower Protection" in the Capitol Visitor Center on Tuesday, Sept. 9, 2025. (Bill Clark/CQ-Roll Call, Inc via Getty Images)
Nuccetelli described the "Vandenberg Red Square," a 2003 incident at what is now Vandenberg Space Force Base in California. At the time, it was still an Air Force installation.
He recalled hearing chaos unfold over the radio. His friend screamed, "It's coming right at us! It's coming right for us!" Just moments later, he said he heard them say the object "shot off and was done."
Wiggins also recalled a "Tic Tac" encounter, noting the craft showed no "conventional propulsion signatures" as it left.
Though the origins remain unknown, lawmakers pressed for answers, demanding greater transparency on UAPs.
Fox News Digital's Rachel Wolf contributed to this report.
Greg Wehner is a breaking news reporter for Fox News Digital.
Story tips and ideas can be sent to Greg.Wehner@Fox.com and on Twitter @GregWehner.
Get the latest updates from the 2024 campaign trail, exclusive interviews and more Fox News politics content.
Read the full story at Fox News.
For complete details, visit the original sources linked above.
Comments
Post a Comment