NewsWare’s Trade Talk: Thursday, August 15 | NewsWare‘s Trade Talk
S&P Futures are displaying gains this morning ahead of a number of economics reports due out before the opening bell. This mornings Retail Sales and Jobless Claims are key reports as they provide a real insight into the health of the economy. A host of 13F filing came in after the bell displaying position adjustments by the major hedge funds. Markets are pricing in earnings beats from CSCO, JD DE & NICE. WMT release is pending. After the bell today AMAT is scheduled to report. China’s economic reports overnight were mixed, U.K. GDP came in at +0.6%. Oil prices are positive this morning with the Ceasefire talks happening today. In Europe, all three of the major indexes are flat to higher and awaiting economic data releases from the U.S.
NewsWare’s Trade Talk: Tuesday, October 1 | NewsWare‘s Trade Talk
S&P Futures are flat to higher this morning with a focus on pending data releases on manufacturing and employment this morning. Fed Chair Jerome Powell sees more rate cuts this year. MKC delivered a strong earnings beat this morning, NKE earnings are due out after the bell. Labor unrest continues as east coast port workers go on strike. Boeing is working on plans to raise at least $10 billion by selling new shares, union strike continues to weigh on share price. Pepsi is said to be in advanced talks to acquire tortilla-chip maker Siete Foods for +$1B. Israel has launched ground operations into southern Lebanon. In Europe, markets are mostly higher as traders price in another rate cut by the ECB. Oil prices are down this morning with geopolitical issues and expected production volume increases in focus.
Tropical Storm John Public Advisory
…JOHN EXPECTED TO BECOME A HURRICANE… …HURRICANE WARNING ISSUED FOR SOUTHWESTERN MEXICO…
As of 3:00 PM CST Wed Sep 25
the center of John was located near 16.8, -101.5
with movement N at 3 mph.
The minimum central pressure was 996 mb
with maximum sustained winds of about 50 mph.
Potential Tropical Cyclone Six Public Advisory
…INCREASING RISK OF LIFE-THREATENING STORM SURGE AND HURRICANE-FORCE WINDS ALONG THE LOUISIANA AND UPPER TEXAS COASTS BY MID-WEEK…
As of 1:00 AM CDT Mon Sep 9
the center of Six was located near 22.0, -94.7
with movement NNW at 5 mph.
The minimum central pressure was 1003 mb
with maximum sustained winds of about 50 mph.
Nine US Senators Launch Inquiry Into Kamala Harris’ Failure As ‘Broadband Czar’
Nine US Senators Launch Inquiry Into Kamala Harris’ Failure As ‘Broadband Czar’
FCC Commissioner Brendan Carr criticized the Biden-Harris administration, pointing out that their $42.45 billion program to bring high-speed internet to rural America has yet to connect a single person. He said it had been 1,038 days, and “not a single person has been connected” since the program debuted.
1️⃣,0️⃣3️⃣7️⃣ days.
Vice President Harris has been leading the Administration’s signature, $42 billion plan to extend Internet to millions of Americans for 1️⃣,0️⃣3️⃣7️⃣ days now.
The result?
0️⃣ people have been connected to the Internet. Not one home. Not one business. None. pic.twitter.com/n1HLYkUZwD
— Brendan Carr (@BrendanCarrFCC) September 17, 2024
Carr on X pushed out a post in the early afternoon of Wednesday featuring a new letter from nine US senators, including Sen. John Thune (R-S.D.) and Sen. Ted Cruz (R-TX), stressing concern about VP Harris’ time as ‘broadband czar’ entirely mismanaged the $42.45 billion program to connect rural America. Considering that not a single home in rural America has been connected, the senators warned that the failures are piling up for VP Harris, citing her failure as ‘border czar.’
Dear Vice President Harris:
We are writing to express serious concerns regarding your role as the Biden-Harris administration’s “broadband czar” and the mismanagement of federal broadband initiatives under your leadership. It appears that your performance as “broadband czar” has mirrored your performance as “border czar,” marked by poor management and a lack of effectiveness despite significant federal broadband investments and your promises to deliver broadband to rural areas.
As you are aware, Congress, through the Infrastructure Investment and Jobs Act, provided the National Telecommunications and Information Administration with $42.45 billion for the Broadband, Equity, Access, and Deployment (BEAD) program. These funds are intended to provide broadband access to unserved communities, particularly those in rural areas.
In 2021, you were specifically tasked by President Biden to lead the administration’s efforts to expand broadband services to unserved Americans. And at the time, you stated, “we can bring broadband to rural America today.” Despite your assurances over three years ago, rural and unserved communities continue to wait for the connectivity they were promised. Under your leadership, not a single person has been connected to the internet using the $42.45 billion allocated for the BEAD program. Indeed, Politico recently reported on “the messy, delayed rollout of” this program.
Instead of focusing on delivering broadband services to unserved areas, your administration has used the BEAD program to add partisan, extralegal requirements that were never envisioned by Congress and have obstructed broadband deployment. By imposing burdensome climate change mandates on infrastructure projects, prioritizing government-owned networks over private investment, mandating the use of unionized labor in states, and seeking to regulate broadband rates, your administration has caused unnecessary delays leaving millions of Americans unconnected.
The administration’s lack of focus on truly connecting the unconnected has failed the American people and represents a gross misuse of limited taxpayer dollars. The American public deserves better.
NEW
Senators write Vice President Kamala Harris over her mismanagement of a $42 billion program to expand Internet.
After 1️⃣,0️⃣3️⃣8️⃣ days “not a single person has been connected to the internet using the $42.45 billion.” pic.twitter.com/F6RUBgoNwq
— Brendan Carr (@BrendanCarrFCC) September 18, 2024
‘All-In’ podcast host Jason Calacanis recently said, “Our government is corrupt and stealing our money. United airlines just put Starlink on 1,000+ planes, but the FCC claims we need to spend 5-10k per rural home for wired connections?!? These homes are putting starlink in on their nickel while they wait for a cable modem in 10 years — wtf??? Pure corruption or insane stupidity — you decide!”
Our government is corrupt and stealing our money.
United airlines just put Starlink on 1,000+ planes, but the FCC claims we need to spend 5-10k per rural home for wired connections?!?
These homes are putting starlink in on their nickel while they wait for a cable modem in 10… https://t.co/vy4lpUGHH5
— @jason (@Jason) September 13, 2024
Carr recently chimed in and said Elon Musk’s Starlink offered the FCC a secured commitment of $1,300 per household for 640,000 rural locations. He said in 2023, the federal government rejected Starlink and decided to spend $100,000 per location.
In 2020, the FCC secured a commitment from Starlink to offer high-speed Internet to 640,000 rural locations for $1,300 per location in federal support.
After revoking that award in 2023, the government is now spending in the ballpark & upwards of $100,000 per location in cases. pic.twitter.com/D1q4AGcUag
— Brendan Carr (@BrendanCarrFCC) September 13, 2024
Musk said Wednesday that the FCC rejected Starlink because of “lawfare.”
Lawfare https://t.co/Y7eGLYllMW
— Elon Musk (@elonmusk) September 18, 2024
Here’s what X users are saying about an inefficient and what appears to be a ‘corruption’ within the Biden-Harris admin:
glad some senators are standing up for the americans who need better access
— Whole Mars Catalog (@WholeMarsBlog) September 18, 2024
Put Mayor Pete in charge, he’ll fix it now that he’s done creating all those charging stations.
— Nine Foot Couch (@9FootCouch) September 18, 2024
Good question.
Hmmmm…curious. Wonder where all that money could have possibly gone?
— Joe Citizen 🇺🇸 🇵🇱 🇺🇸 (@JoeCitizen15) September 18, 2024
* * *
Tyler Durden
Wed, 09/18/2024 – 18:00
Hurricane Kirk Public Advisory
…KIRK STRENGTHENING AND FORECAST TO GROW LARGER…
As of 5:00 AM AST Wed Oct 2
the center of Kirk was located near 17.5, -42.1
with movement NW at 14 mph.
The minimum central pressure was 984 mb
with maximum sustained winds of about 80 mph.
It’s Also “Disinformation” When Our Government Does It
As our government officials crack down on what they call “foreign disinformation,” allegedly meant to influence the 2024 election, it’s worth remembering that they, too, are willing to use disinformation, not only against foreign regimes, but against Americans themselves.