THE SHOW NOTES: Biden's Growing Problems, Seattle Kills Demand, & Trump's Election Immunity
Welcome! Country singer Toby Keith passed away at the age of 62.
NEW: Nikki Haley applies for Secret Service protection after Trump threats.
DUMB: Seattle implemented a $5 fee on delivery service apps to help drivers and sales fell by half.
BREAKING: Appeals court denies Trump immunity in DC election case - CNBC
MUST READ: No more ‘D’ or ‘F’ grades? Grade inflation is masking a looming crisis of ignorance - The Hill
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Israel & Biden
Nearly four months to the day after Hamas invaded Israel on October 7th, the Israeli government has confirmed that 32 of the remaining 136 hostages held in Gaza have died. The news comes as Secretary of State Antony Blinken makes his fifth trip to the Middle East visiting Egypt and Qatar in hopes of preventing unrest from spreading across the region.
Biden: The Biden administration threatened to veto the House’s stand-alone bill that would send $17.6 billion to Israel as Biden continues to struggle with young voters and progressives ahead of the November election. Progressive advocates and lawmakers told The Wall Street Journal they believe Biden is taking their vote for granted and claims he must do more on climate, Gaza, and immigration. A recent NBC poll supported this claiming only 15% of voters under 35 approved of Biden’s handling of the Israel-Hamas war.
Economy: Broader problems for Biden were highlighted in a CNBC poll that claims only 17% of 18-34-year-olds believe the economy is “good” while only 61% were not saving for retirement every month. A separate report from The New York Fed claimed that credit card delinquencies surged more than 50% in 2023.
Gaffe: Biden recounted yesterday a recent meeting he had with “Mitterand from Germany” (who was really from France) and more importantly… died in 1996.
Wall Street Snubs China for India in a Historic Markets Shift
A momentous shift is under way in global markets as investors pull billions of dollars from China’s sputtering economy, two decades after betting on the country as the world’s biggest growth story.
Much of that cash is now heading for India, with Wall Street giants like Goldman Sachs Group Inc. and Morgan Stanley endorsing the South Asian nation as the prime investment destination for the next decade.
That momentum is triggering a gold rush. The $62 billion hedge fund Marshall Wace has positioned India as its biggest net long bet after the US in its flagship hedge fund. An arm of Zurich-based Vontobel Holding AG has made the country its top emerging-market holding and Janus Henderson Group Plc is exploring fund-house acquisitions. Even Japan’s traditionally conservative retail investors are embracing India and paring exposure to China.
Full story at Bloomberg (paywall)
Biden’s Support From Progressives at Risk Over Border Bill and Israel
Four years ago, when President Biden clinched the Democratic nomination, he aggressively courted progressives, forming an alliance that helped propel him to the White House and has largely stayed intact. Now, deep cracks between him and the left are emerging that threaten his chances of re-election in 2024.
The president’s handling of the war in Gaza has strained his relationship with progressives over the last three months. His push for a bipartisan plan that would severely restrict migration at the southern border has further jeopardized his standing with the constituency, which includes young voters and minority voters.
The Biden team is counting on the president’s ability to reassemble the 2020 coalition, meaning he needs to maintain his level of backing from progressives. For some on the left, however, the extent of his support for Israel in its conflict with Hamas and his recent backing of the border-policy overhaul, including his push for restricting asylum in a way that breaks a core campaign promise, might be too much to overcome.
Several progressive advocates and lawmakers say they feel the president is now taking them for granted.
Full story at The Wall Street Journal (paywall)
Trending news:
‘Dangerous’ aftereffects linked to using mixed reality headsets - Study Finds
Voting is down in the Nevada caucus. - MSN
NFL-Record 68 million Americans to bet on Super Bowl - NASDAQ
Eagles will host NFL’s first regular-season game in Brazil on Friday, September 6th - AP
Amazon Bowed to White House Pressure to Suppress Books Skeptical of COVID-19 Vaccines - Dailysignal
DUMB: Union County advances fluoride ban in its water - WSOC
Washington Post under fire for repeated anti-Israel bias, systemic sloppiness in Middle East coverage - Jewish Insider
Taylor Swift threatens legal action against student who tracks her jet - MSN
Mattis secretly advised Arab monarch on Yemen war, records show - MSN
Iran Can Build Nuclear Bomb in One Week, Signaling ‘Extreme Danger’ for Western World, Report Says - Free Beacon
America’s Biggest Bank Is Growing the Old-Fashioned Way: Branches - WSJ (paywall)
A Border Security Bill Worth Passing - WSJ (paywall)
Why the FAA Still Can’t Fix Boeing - WSJ (paywall)
Black Voters’ Loyalty to Biden in 2024 Isn’t Guaranteed - Bloomberg (paywall)
Market snapshot:
Ok lets play some numbers games and show why trump will still lose.
If only 17% of 18-34 believe the economy is good and over 60% say trump is more mentally capable of running the country, yet the polls says its essentially tied or only 2-3% difference. Then that means of those 83% who think the economy stinks and its bidens fault, are still going to vote for Biden. This is exactly why Trump will lose. They may prefer Trump, they may think Trump is the better president and more capable.
But when it comes down to the voting booth, there is and remains a good portion of the country who will never ever ever ever ever eeeeever vote for trump even if they knew their house would burn and all their children would die a horrible miserable death. Even if someone from the future came to their houses and told them the world would burn in nuclear fire if they vote for Biden they still would.
Its a pretty bleak picture and apathetic to think that also in that same poll a generic republican with no name beats biden by as much as 65%. So literally anyone but trump would win in a landslide. But here we are.
- Mitterand..." That's about the 5th time he has done so publicly and who knows how many countless times he's done it in private. This is a clear sign of cognitive degeneration. My wife looks after the elderly and she tells me stories of people Bidens age calling their dead mothers and fathers. One who got up and started looking all over the hospital for his daughter who had been dead for 20+ years, and when they tried to tell him he got violently angry. Its not really a joke at this point. Its just sad.
- The amazon book ban is not necessarily a bad thing. Some of those books on the Vaccine were just trash not written by doctors or even medical experts and were advocates against ALL vaccines not just C19. BUT, banning books is not a practice that should be normal especially when coming from the White house. Let the public decide and since they are only seemingly banning stuff that is mostly conservative voices, while leaving in place drivel from liberals that talk of imprisoning any and all who claim to be a trump supporters. Either ban them all or none. Take your choice.