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Pearl Jam’s Eddie Vedder on writing songs while surfing
Pearl Jam is one of the world’s biggest, well-respected rock groups. Now, in a rare extensive interview with correspondent Anthony Mason, Eddie Vedder and bass player Jeff Ament open up about the band’s founding, being together for nearly 35 years, their latest album, and more for “CBS Sunday Morning,” to be broadcast Sunday, September 22 on CBS and streamed on Paramount+.
Mason caught up with Pearl Jam while on tour for a revealing, personal look, in which Vedder and Ament talk about their childhoods, making music together, their dedicated fan base, being on tour, growing older, and their friendship.
Watch the excerpt in the video player above featuring Vedder talking about writing lyrics while surfing to an instrumental tape sent to him by a group of Seattle musicians, and bassist Jeff Ament’s reaction when he heard them:
EDDIE VEDDER: I was doing those midnight shifts security. So, when I went for a surf in the morning … I remember it being super foggy and one of those days where you think, ‘Maybe I won’t go out.’ … But I had the music in my head, the instrumental, and just kind of wrote it. And then, I was still wet when I hit ‘record.’
ANTHONY MASON: When you heard what he sent back, what did you think?
JEFF AMENT: I listened to it. And then I remember I left and went and got a coffee, and then I came back, and I listened to it again. … And then I remember calling Stone [Gossard] and I said, ‘You need to come over here right now.’
Ament, and guitarists Stone Gossard, and Mike McCready flew Vedder up to Seattle to audition.
VEDDER: It was just, I was like, you felt it. Like, you were like, ‘Oh, this is what it is. Like, this is heaven.'”
You can stream Pearl Jam’s latest album, “Dark Matter,” by clicking on the embed below (Free Spotify registration required to hear the tracks in full):
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Stocks surge a day after Federal Reserve’s first interest rate cut since 2020
Stocks on Wall Street soared Thursday a day after the Federal Reserve slashed its benchmark interest rate by 0.50 percentage points, with investors cheering the central bank’s move to head off a slowdown in U.S. economic growth.
The Dow Jones Industrial Averages jumped 479 points, or 1.1%, as of 10:02 a.m. Eastern time to 41,982. The S&P 500 climbed 87 points, or 1.6%, while the tech-heavy Nasdaq jumped 2.3%.
“Stocks are exploding higher as markets absorb the Fed’s outsized rate cut,” Adam Crisafulli of Vital Knowledge said in a note to investors.
The half-point move signals that the Fed is acting aggressively to keep the U.S. economy from stalling, given that historically most rate cuts are 0.25 percentage points. The rate cut will provide some relief to U.S. consumers struggling with high borrowing rates impacting credit cards, mortgages and auto loans.
Stocks rose modestly immediately after the Fed’s announcement that it was lowering rates for the first time since March 2020. But with a day to digest the move, which included new data from the central bank forecasting solid economic growth in 2025, investors seemed buoyed in morning trade.
“I don’t see anything in the economy right now that suggests that the likelihood of a downturn is elevated — you see growth at a solid rate, you see inflation coming down and a labor market that is still at very solid levels,” Fed Chair Jerome Powell said in a press conference on Wednesday to discuss the rate cut.