The Show Notes: Herschel Leads, Biden Slips, & California’s New Problem
Welcome! Another poll has Herschel Walker ahead of Raphael Warnock.
NEW: Mississippi has a full-blown water crisis.
Headline: White House claimed people aren’t illegally ‘walking’ across border, footage shows the opposite - Fox News
Yesterday: The U.S. Navy foiled an Iranian attempt to capture an unmanned vessel.
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Clip of the day: Kyle Bass on ESG
Walker Takes The Lead
Yesterday we covered the new poll from Emerson Polling that has Herschel Walker with a 2-point lead over Raphael Warnock following backlash from Biden’s student loan plan. Today we have another brand new poll out from Trafalgar that has Walker with a similar lead:
My take:
More: GOP ad blitz mocks Biden's student loan plan - Axios
Biden’s Approval Tanks
Joe Biden’s approval rating fell to 38% according to Reuters/IPSOS as Republicans continue to push attack ads on Biden’s student loan plan. Here’s a sample of what’s rolling out in swing states around the country:
According to Reuters, Biden’s approval rating hit a fresh high of 41% just before the White House rolled out the student loan plan last week.
Economic Slow Down?
300,000 jobs were projected to be added to the economy in August following a massive 268,000 gain in July. However, private payrolls in August added a paltry 132,000 positions. The news comes after Jerome Powell’s market-jarring speech in Jackson Hole, Wyoming last week regarding the fed’s determination to reign in inflation through additional rate hikes. Reminder: raising interest rates slows the economy which cools off inflation.
The plan appears to be working. In addition to slowed hiring, markets dropped four consecutive days following Powell’s remarks.
Here’s more:
Fed’s Mester sees benchmark rate above 4% and no cuts at least through 2023 - CNBC
Fed Chair Jerome Powell says 'some pain' is on the horizon. Here's what that means - CNN
Go Read This
The MLB is funneling money to groups that perform sex changes on children. The piece is behind a paywall at National Review but Nate Hochman (the author) has a great (free) Twitter thread explaining everything:
California’s BIG Problem
The rest of the news:
Snap says major business restructuring is coming and confirms it’s cutting 20% of staff - CNBC
Census Bureau: 3.8 million renters will likely be evicted in the next two months - Yahoo
Garland tightens the reins on Justice Dept. employees' political activities - NPR
California Bill Gives Gov't Power to Set Wages for Fast Food Workers - Townhall
Michigan’s Secretary of State Fights to Keep Dead on Voter Rolls - DailySignal
Racist Comments at BYU Volleyball Game Never Happened, Sources Suggest - BYU
‘We’re in a housing recession’ - Politico
New NY gun law applicants have to provide social media accounts - Fox5
Trump’s Truth Social barred from Google Play store over content moderation concerns - CNBC
NYC struggling to house busloads of migrants as hotel, intake center plan falls apart - NY Post
Mortgage demand falls even further, as rates shoot back up to July highs - CNBC
Fetterman rejects Oz offer to hold first debate, calls list of ‘concessions’ insulting - CNBC
Matt Damon-backed crypto firm accidentally sent woman $10M — who used it to buy mansion - NY Post
A device that can turn a semi-automatic weapon into a machine gun in moments is wreaking havoc on American streets - CNN
Tweets that caught my eye: