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Hollywood Tragedy: Rob Reiner’s Son Arrested in Parents’ Deaths

              Rob Reiner and wife Michele Singer Reiner (left); Rob Reiner on the cover of PEOPLE. Hollywood has been shaken by a devastating tragedy. Nick Reiner, the 32-year-old son of acclaimed filmmaker Rob Reiner and photographer Michele Singer Reiner, has been arrested and booked on suspicion of murdering his parents at their Brentwood, California home. Authorities confirmed that police responded to the residence on December 14, where both Rob and Michele were found dead from apparent stab wounds. Nick was taken into custody later that evening and initially held on $4 million bail, though records now show he is being detained without bail at the Twin Towers Correctional Facility. Witnesses reported that Nick had been behaving erratically at a holiday gathering the night before, hosted by Conan O’Brien, where tensions between him and his parents were visible. Sources close to the family revealed that Rob and Michele had long stru...
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US Stocks Slip, Bond Yields Rise as Rate-Cut Bets Cool



US stocks slid on Wednesday as bond yields rose, as optimism for fast interest-rate cuts waned ahead of fresh jobs data and the release of Federal Reserve meeting minutes.

The Dow Jones Industrial Average (DJI) fell 0.3% while the benchmark S&P 500 (GSPC) slipped about 0.5%. The Nasdaq Composite (IXIC) dropped roughly 0.7% after a bruising session that saw tech stocks shed almost 1.6%.

Hopes that the year-end market rally would roll on into 2024 took a battering on Tuesday as stock indexes and bond prices sank in tandem for their worst start to a year in decades. Bonds are headed lower for a fourth day, pushing the 10-year Treasury yield (TNX) up near 4%.

Traders have started pulling back on bets on Fed interest-rate cuts, with 74% now pricing in a March pivot, compared with 89% a week ago, per the CME FedWatch Tool.

Minutes of the Fed’s December meeting due later could give a window into how near officials think they are to easing up on tightening, so they can nail a “soft landing” for the economy.

Eyes will also be on the JOLTS report on job openings, given the unexpected resilience of the labor market has fed into expectations of a Fed shift. Wednesday’s data will set expectations for the December US monthly jobs report coming Friday.

After a rough first day of trading, investor attention on Wednesday will turn to the labor market with the monthly update on job openings and turnover — known as the JOLTS report — set for release at 10:00 a.m. ET.

A decline in job openings throughout 2023 served as an early indicator the US labor market was slowing, and Wednesday’s data will serve as a key table-setter ahead of Friday’s December jobs report.


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