NewsWare’s Trade Talk: Tuesday, November 19

S&P Futures are falling this morning as global tensions rise following Russia’s modification of its nuclear doctrine. The changes to Russia’s nuclear policy have created a more uncertain geopolitical environment, which is creating this morning’s bearish sentiment. The Biden Administration is looking to deliver billion of promised chip grants and the FTC is preparing action on GOOG & MSFT before his term ends. Kansas City Fed Jeffery Schmit is schedule to speak today. Shares of SMCI are gaining as they have announced BDO as their auditor. Walmart shares are 4% higher after delivering a beat and raising FY guidance. In Europe, stocks have reversed direction and are now lower due to concerns on an expansion of the Russia Ukraine war. Oil prices falling after rising more than 3% on Monday.

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Trump Now Has More Followers Than Taylor Swift

Trump Now Has More Followers Than Taylor Swift

Authored by Dmytro “Henry” Aleksandrov via Headline USA,

It was recently revealed that President-elect Donald Trump surpassed one of the most famous pop stars, Taylor Swift, in Twitter followers, proving that Americans like him more.

“BREAKING: Donald Trump (@realDonaldTrump) has surpassed Taylor Swift in followers to become the 8th most-followed account on [Twitter],” popular conservative commentator @alx reported.

As of Nov. 18, Trump had 94.8 million followers, and Swift had 94.7 million followers.

“OVERTAKEN,” conservative commentator and senior editor at Human Events Jack Posobeic wrote in response to the recent news.

Like almost any other Hollywood celebrity, Swift publicly expressed her far-left political beliefs, specifically her opposition to Trump.

Even though Swift refused to endorse Hillary Clinton for president in 2016, she supported Joe Biden for president while he was still in the race, which resulted in Trump attacking her on social media.

“I signed and was responsible for the Music Modernization Act for Taylor Swift and all other Musical Artists. Joe Biden didn’t do anything for Taylor, and never will,” Trump wrote on Truth Social. 

“There’s no way she could endorse Crooked Joe Biden, the worst and most corrupt President in the History of our Country, and be disloyal to the man who made her so much money.”

Trump, however, stated that Swift is “unusually beautiful” even though she is a leftist.

Swift endorsed Kamala Harris in her Instagram post after Democrats orchestrated a coup against Biden and replaced him with Harris.

“I think she is a steady-handed, gifted leader and I believe we can accomplish so much more in this country if we are led by calm and not chaos. I was so heartened and impressed by her selection of running mate @timwalz, who has been standing up for LGBTQ+ rights, IVF, and a woman’s right to her own body for decades,” she wrote.

However, Swift’s endorsement didn’t affect Americans, with only 6% saying that they were now more likely to vote for Harris.

Tyler Durden
Tue, 11/19/2024 – 23:00

Gallup: Public Support For Gun-Bans Craters

Gallup: Public Support For Gun-Bans Craters

According to Gallup’s latest polling, support for a handgun ban has fallen to just 20 percent and support for an “assault weapons” ban has cratered to just 52 percent.

Gun bans were a constant call from both President Joe Biden and Vice President Kamala Harris over the last four years.

President Biden often combined the call with dubious factuallegal, and historical arguments.

Jonathan Turley previously wrote about the failure of politicians to acknowledge the limits posed by the Second Amendment and controlling case law. While there are good-faith objections to how the Second Amendment has been interpreted, the current case law makes such bans very difficult to defend.

In 2008, the Supreme Court handed down a landmark ruling in District of Columbia v. Heller, recognizing the Second Amendment as encompassing an individual right to bear arms.

Yet, the 2024 campaign showed a belated recognition that the Administration has failed to galvanize public opinion in support of gun limits and bans.

Harris came under fire during the campaign when she suddenly seemed to embrace one of the very guns that she previously vilified as it became clear that she was too far left from much of the country.

Years ago, Turley wrote that the rise in gun ownership in the United States, including among minority gun owners, was strikingly out of sync with the Democratic talking point.

In 2019, support for an assault weapons ban stood at 61%. It is now barely at a majority.

The drop in support for a handgun ban is notable in that only 33 percent of Democrats support such a ban.

The rise in gun ownership and the drop in polling raise another issue where Democratic candidates seem to be speaking to an increasingly empty room. The gun ownership rates are a problem for the party because most political issues do not involve a large personal investment by citizens. When someone becomes a gun owner, they spend hundreds of dollars on the weapon, ammunition, and other costs. The ban campaigns become more of a personal and financial issue for them.

Harris’s attempt to appeal to gun owners fell flat after years of calling for limits and bans.

The question is whether the party is ready to pivot on this and other issues — and whether it can given its political base.

That 33 percent is the core voting block in primaries even as the rest of the country moves toward the center of the political spectrum.

Tyler Durden
Tue, 11/19/2024 – 18:00

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