The Show Notes: Saudi Arabia, War on Cartels, & Explaining Herschel Walker
Welcome! The International Monetary Fund says the worst is yet to come for global markets. Jamie Dimon warns the S&P 500 may plunge another 20%.
QUESTIONS: Where do polls stand four weeks ahead of election day? Why aren’t Joe Biden and Kamala Harris on the campaign trail?
MUST READ: Biden, Storyteller in Chief, Spins Yarns That Often Unravel - New York Times (paywall) Go read the fantastic response at National Review.
REMINDER: Joe Biden turns 80 next month.
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Clip of the day: I joined Anderson Cooper on CNN last night to explain why Georgia Republicans are sticking with Herschel Walker.
Biden Reevaluates Saudi Relationship
Joe Biden said the United States will reevaluate its relationship with Saudi Arabia following the country’s decision to team up with Russia in cutting OPEC+ oil production. The move sent oil prices surging just four weeks ahead of a midterm election. Few details were released on what a new relationship with Saudi Arabia might look like.
Trump-aligned group declares "war on cartels"
From Axios:
A conservative group run by former top Trump officials is proposing a formal U.S. declaration of war on Mexican cartels and a mechanism to shut down legal ports of entry based on estimates of undocumented crossings.
Why it matters: The controversial proposal — which would have major military, diplomatic and human rights implications — is being unveiled in a policy paper by the Center for Renewing America one month before the midterm elections, as Republicans seek to put President Biden on the spot and steer voters' focus from abortion rights to immigration and crime.
Putin’s Response
Ukraine claims that Russia launched 84 missiles from aircraft, drones, and naval vessels in a “furious barrage” that targeted key Ukrainian locations on Monday. The death toll is significant but unconfirmed. The attack was a response to the Ukrainian attack on the Kerch bridge that connects Russia to Crimea.
Happening now: Zelensky lobbied the G7 for the equivalent of Israel’s Iron Dome to prevent future attacks from happening.
Ouch
In last night's debate, J.D. Vance had a brutal takedown of Tim Ryan. The Ohio Senate race has slipped away from Democrats as Vance’s lead continues to grow.
Americans For Prosperity
My friends at Americans for Prosperity hate dysfunctional government almost as much as I do. Unlike think tanks that produce esoteric term papers, Americans for Prosperity is focused on policy solutions that will directly improve people’s lives. They have the largest network of community activists in the country and need your help. Learn more at AmericansForProsperity.org/Erick
The rest of the news:
The Fed’s Powell is risking a recession to crush inflation. A lot of Democrats are ok with that. - Politico
Tulsi Gabbard is leaving the Democratic Party. - Fox News
George Floyd Riots Caused Record-Setting $2 Billion in Damage, New Report Says. Here’s Why the True Cost Is Even Higher - FEE
Uber, Doordash plunge after Labor Department proposes change to gig worker classification - CNBC
California governor’s wife among accusers at Weinstein trial - AP News
The NFL may put multiple teams in Europe. - Outkick
More soldiers are leaving the Army National Guard at a faster rate than they are enlisting - Fox 5
The Andes crash and cannibalism tale that stunned the world 50 years ago - Yahoo
Politico’s Unthinkable Outing of a Sexual-Assault Survivor - National Review (paywall)
Top Republicans Rally for Herschel Walker in Ailing Georgia Senate Bid Bloomberg (paywall)
Absurd headline: Crime is surging (in Fox News coverage) - Washington Post (paywall)
Tweets that caught my eye: