Read this First 06/24/2020

Alright. WHICH ONE OF YOU IS IT!!?? Who is the Leak?!!!??

Over the years, I've seen my words come out of TV people, other writers, and some politicians. I've joked that Trump is subscriber because he sometimes uses my ideas a few days after I write about them. Then, I started seeing my ideas in other media. I used to think it's just coincidence and people just had the same opinions. But, the coincidences are piling up a little too quickly, now.

Both former Gov. Mike Huckabee and Breibart editor Joel Pollak did stories yesterday about how it's stupid and dangerous to pull down statues and "erase history". Fox News did the same Jimmy Kimmel Blackface story I told you YESTERDAY and put it on the Top Story of their site for HOURS ..Last night President Trump chastised NY Gov. Cuomo about not using the Navy Hospital ship and sending sick people back to nursing homes.. It's like every day now a story from the Rant ends up somewhere else.. using my words and phrases...

So, FESS UP!!! Who is it!!??? Who is feeding my silly Rants and comments to politicians and news media? (You're not in trouble. I actually want you to plant my "Loser Media" term into the news cycle. Maybe I can try to claim copyrights and make some $$$ --CHA CHING!!!) ...

*** For those that have been Raj disciples for less than 4 years, the so called "mainstream" media did everything they could to get Hilary elected. Pushed her narrative. Gave her all the best coverage. Predicted a win by up to 19 points.. and she LOST. Since they were on the side of the "Loser" they are the "Loser Media" ***

To the News:

I Feel the Earth Move under my feet ... An Earthquake rocked Mexico yesterday measuring 7.4 on the Richter Scale with an epicenter in the southern city of Oaxaca. Buildings are cracked, some houses collapsed, and 5 people are dead. A tsunami warning was issued.. and..

Several military bases in central and southern Syria have been targeted by air attacks that Damascus has blamed on Israel, Syrian state media have reported. Videos on social media show massive explosions illuminating the night.

In Atlanta, the woman on camera that set fire to the Wendy's where Rayshard Brooks was killed has turned out to be his girlfriend, Natalie White. White was arrested. Armed protesters have taken control of the area around the Wendy's and are telling the press that, " the police aren't allowed here". For the moment, it doesn't look like any police WANT to go there..

In Da Swamp: In Primaries around the Country, you had a minor surprise in North Carolina as 24 year old Madison Cawthorn wins the GOP Primary in the 11th District over "Trump Endorsed" Lynda Bennett... In NY, Alex O'Cortez wins her primary and likely another two years unless the Democrats eliminate her District after the 2020 Census (I give that a 50/50 shot) .. and

Also in NY, two "Establishment Democrats" might go down. Eliot Engel, who is Chairman of the House Foreign Affairs Committee, trails badly as of late last night. His opponent is Jamaal Bowman. There are a TON of "absentee and mail in ballots" still to be counted. Can the "establishment" make up a 4,000 vote difference with the mail ins?. HMMMMM... and... With 85 percent reporting in New York’s 12th Congressional District, House Oversight Chair Carolyn Maloney had 14,106 votes (41.5%) to challenger Suraj Patel’s 13,572 (39.9)...

Arizona Senator McSally introduced the, "America Trip Act". In order to help the decimated travel and hospitality businesses she wants to give Americans $4,000 to take a trip. The money must be spent on travel, lodging and live entertainment and the trip must be at least 50 miles from your home. More Debt for my kids? REALLY ???... Is she actually a Republican? ..or one of those Hippos? .. oh.. sorry... RINOs??

Protesters in front of the White House were trying to set up an "Autonomous Zone" like in Seattle. Police removed their tents but many stayed. They chanted and spray painted, BHAZ for Black House Autonomous Zone on a building and demonstrated in the plaza. Then there was what I would call a "John Lennon Instant Karma Moment"....

DC Rep. Eleanor Holmes Norton was in the plaza with MSNBC's Andrea Mitchell starting an interview when a protester started sprinting at them. He nearly attacked them but only brushed them. Their private security grabbed the man but you can hear Norton say, "Where are the Police when you need them?" HAHAHAHHA.. HAHHAHAHA... HAHHAHAHH.. "Autonomous Zone???" They are radical freaks with nothing else to do with their lives...

SPORTS:

Breaking News: Covid does NOT infect GOATs... Despite a few players and a coach testing positive, the Tampa Bay Bucs led by GOAT Quarterback Tom Brady, held practice as usual at a nearby high school field. Stopped for comment, The legendary Brady commented, "C'mon Raj. You're the one that told me most healthy people don't even show symptoms if they get COVID-19. I'm only 42. I'm not 70. This is no big deal.. Oh.. and Jeffrey Epstien didn't kill himself"

Tennis #1 Novak Djokovic is drawing criticism for having a charity tennis event where everyone had to follow COVID precautions.. then having a party in a club after for the tennis stars where they drank, danced and partied. Well, they ALSO all contracted COVID-19. Even Novak and his wife. My take? Who cares. They'll be better by Saturday if they get sick at all ....

NASCAR: "Fake Noose".. After Federal Agents investigated the garage that black Nascar driver, Bubba Wallace, said he found a noose in the story is a little, um.. "Different". The story was all over the sports news and became a National Talking Point on just ANOTHER racist act.. and.. well.. Turns out, it's NOT a noose. It's a piece of rope used as a door pull... and it wasn't placed there this week because Wallace was using that car stall.. its been there over a year. Typical reporting in the year 2020. Report it FAST regardless of whether it's true ...

MLB: Players and owners agreed to a 60 Game season and are hammering out money and safety issues.

CELEBRIDIOTS:

I know I did the weekly RIP's yesterday, but rich guy, heir, producer and big Democratic donor..oh.. and loser of two high profile paternity suits, Steve Bing fell to his death from a high-rise building in Century City Monday. At the moment, there is no foul play suspected.

Bing's two high profile paternity cases were when Billionaire Kirk Krikorian suspected his wife's child was not his and a private investigator took dental floss out of Bing's garbage to prove Bing was the father. His other paternity case was actress Elizabeth Hurley whom proved through a DNA test that her son's father was Steve. .. oh... HERE is Hurley from 2000 when .. when..uh.. when.. well.. when Steve Bing was doing the "fun" part of the Paternity case...

Sammy Haggar, "Cant Drive 55!!!!" but he says he will play concerts for fans and risk Coronavirus.. He said that if cases are on the decline he would, "risk getting sick or even dying to get the economy moving again. I want people to be able to get back to work"

Cosby gets his appeal. Actor/Comedian Bill Cosby, 82 has been allowed to appeal two parts of his 3-10 year sentence for getting Andrea Constand high on quaaludes and slipping her his pudding pop. I know this case was all over the press .. and I know he is probably guilty of a bunch of stuff.. But, given they are letting violent felons out of jail for Coronavirus do we really need an 82 year old man locked up when he will be paroled soon anyway? Why spend all that time and money. Slap an ankle bracelet on the man and confine him to his house. Wouldn't "being stuck in your house with your wife after being convicted of banging other girls" be worse than jail for most guys??. She might drug his Jell-O or his Coke!! and..

In "Other" sexual assault news, Veteran Porn Actor Ron Jeremy is being charged with rape and sexual assault in three separate encounters. Although the events happened from 2014-2016 there seem to be similarities. The alleged rapes and assaults happened in a West Hollywood bar and a nearby home. Jeremy claims everything was consensual and that they have "buyers remorse". I could TOTALLY see that. You have this, "wow.. this guy is world famous" .. then you see him naked and you're like.. EEWWWWWW. .. The DA says there were other accusers but these cases have enough evidence to go to trial .. and..

For those that prefer Blondes and complain that I "favor brunettes" in the Rant .. Like .. oh.. I don't know.. Emily Ratajkowski .. HERE ...HOT !!! . .. Well, I want you to be happy Rant Readers.. and.. I want you to know I am listening ...and if you want a blonde. .. Here you go!! ... HERE. BAMMM!!! See what I just did there??? THAT... JUST ... HAPPENED !!!!

From SeekingAlpha.com

Futures were already dipping into the red after the Nasdaq Composite notched a fresh record high, though contracts tied to the S&P 500 are now pointing to a 1% decline on worries about a wider transatlantic trade fight. The U.S. is weighing new tariffs on $3.1B of imports from France, Germany, Spain and the U.K., according to a notice published late Tuesday evening. As it prepares to open its borders to international travelers, the EU today may also extend a ban on visitors from America as Europeans are still prohibited from entering the U.S. under virus travel restrictions. Dr. Anthony Fauci told lawmakers on Tuesday that recent COVID-19 trends were "disturbing" as the U.S. recorded a 25% surge in new infections for the week ending June 21, with 10 states recording increases of 50%.

Phase four

Another stimulus package is in the making, though what form it will take is still being debated. "Whatever we do it'll be much more targeted, much more focused on jobs, bringing back jobs and making sure we take care of our kids," Treasury Secretary Steven Mnuchin told reporters. Earlier this week, President Trump appeared to suggest that there could be another round of stimulus checks on the way for Americans and details would likely be released "over the next couple of weeks." Some other policies under consideration include a payroll tax cut and protections for businesses from coronavirus-related liabilities.

Efforts to reshore U.S. manufacturing

The U.S. International Development Finance Corp. is talking to companies about reshoring the manufacturing of PPE, generic drugs and pharmaceutical ingredients. The agency had originally opened its doors in January to boost U.S. overseas development financing efforts, but now appears to be boosting coronavirus response endeavors. The DFC, along with the Pentagon, intends to jointly administer $100M in supply chain reshoring funds - from the $2.3B coronavirus legislation passed in March - that can be leveraged into "tens of billions of dollars" in loans by using it as a pool of capital (similar to the U.S. Treasury's backing of Fed loan facilities).

Rethinking Hong Kong

Besides the possibility of financial isolation, Hong Kong may see smaller capital investment on the infrastructure and tech fronts. Google (GOOG, GOOGL) told the FT it is considering alternative destinations for a high-speed internet cable after the U.S. government warned it against building the link to Hong Kong due to security concerns of exposing global data to China. The tech giant, together with Facebook (NASDAQ:FB), has backed the 8,000-mile high-capacity subsea cable - known as Pacific Light Cable Network - between the U.S., Hong Kong, Taiwan and the Philippines.

Junk bond sales record

Junk issuers have sold $46.7B of bonds so far in June, topping the previous monthly record of $46.4B in September 2013, according to data compiled by Bloomberg. Companies have hurried to build cash war chests due to the coronavirus pandemic, especially after the Fed announced plans to purchase some types of high-yield bonds to boost liquidity. "You get an invitation to a party from the Fed, Treasury and Congress - they offer to pick you up, take you home and bring you breakfast in bed the next morning," said Bill Zox, a high-yield bond portfolio manager at Diamond Hill Capital Management. "You know it is going to be a party like no other."

Money continues to roll into megacaps

Year to date, the Big 5 tech giants have outperformed the S&P 500's decline of 3.5%. Amazon (NASDAQ:AMZN) is the leader, up 50%, while Microsoft (NASDAQ:MSFT) is ahead by 29%, Apple (NASDAQ:AAPL) is 26% higher, Facebook (FB) is up 19% and Alphabet (GOOG, GOOGL) has climbed 10%. Among the fundamental arguments for the rise has been how these major tech names are insulated from the stay-at-home economic effects. People will still use Facebook and Microsoft’s Windows and Amazon will see increased business with brick-and-mortar retailers shut. Others are arguing that these megacaps are where Fed money is finding its way.

What to do with VMware?

Shares of Dell Technologies (NYSE:DELL) are up 16% in premarket trade as the company weighs options for its 81% stake in VMware (NYSE:VMW), which is worth roughly $50B. It's specifically looking into a potential spinoff or purchasing the rest of the firm sources told WSJ. Dell originally picked up the VMware shares through its $67B acquisition of storage hardware maker EMC, which closed in 2016. VMW +9% premarket.

Skin-lightening products

Unilever (UL, UN) is facing fresh racism complaints about its Fair & Lovely brand, one of the firm's best-selling products in India with $560M in annual sales. Employees have grilled top executives at town-hall events about why the company still sells skin-lightening products, while several online petitions have been started as the conversation shifts to social media. "Fair & Lovely upholds principles that no association should be made between skin tone and a person’s achievement, potential or worth," a Unilever spokeswoman declared. "We're aware that historic advertising is available on the internet, which is not in keeping with the current values of the brand." Johnson & Johnson (NYSE:JNJ) recently said it would stop selling similar skin-lightening products under its Clean & Clear and Neutrogena brands.

Meat industry will be obsolete in 15 years

"From a nutritional standpoint our products match the protein quality and content of the animal products that they replace" and "ours is a clear winner from a health and nutrition standpoint," Impossible Foods CEO Patrick Brown told CNBC. "This is why I think people are increasingly aware plant-based products are going to completely replace the animal-based products in the food world within the next 15 years. That's our mission. That transformation is inevitable." While Impossible markets primarily to the food-service industry, rival Beyond Meat (NASDAQ:BYND) has placed its focus on the consumer and grocery sector.

What else is happening...

Twitter (NYSE:TWTR) joins Uber (NYSE:UBER) in making Election Day a paid holiday.

Microsoft (MSFT) plans to double the number of Black managers and senior leaders.

Mercedes, Nvidia (NASDAQ:NVDA) team on automated driving architecture.

Facebook (FB) cancels its cheapest VR headset.

Judge orders GM (NYSE:GM) and Fiat (NYSE:FCAU) to talk over bribery lawsuit.

Carnival (NYSE:CCL) cut to junk status by S&P Global Ratings.

Etsy (NASDAQ:ETSY) tops $100 as sell-side love continues.

Tuesday's Key Earnings

La-Z-Boy (NYSE:LZB) +0.5% AH restarting furniture production.

Today's Markets

In Asia, Japan -0.1%. Hong Kong -0.5%. China +0.3%. India -1.6%. In Europe, at midday, London -2.2%. Paris -1.7%. Frankfurt -2.3%. Futures at 6:20, Dow -1.1%. S&P -1%. Nasdaq -0.5%. Crude -1.4% to $39.79. Gold +0.7% to $1794.60. Ten-year Treasury Yield unchanged at 0.71%

Today's Economic Calendar

7:00 MBA Mortgage Applications 9:00 FHFA House Price Index 10:00 State Street Investor Confidence Index 10:30 EIA Petroleum Inventories 11:00 Survey of Business Uncertainty 11:30 Results of $20B, 2-Year FRN Auction 12:30 PM Fed's Evans: U.S. Monetary Policy 1:00 PM Results of $47B, 5-Year Note Auction 2:00 PM Fed's Bullard: "COVID-19 and the Economy"


Regards,

Roger “Raj” Searing rajsearing@gmail.com "Raj Searing™”, "Read this First™", "@rajsearing™", "TheRantRoom™" and “TheRantroom.com™” are Trademarks of RRRAJ, LLC. All Rights Reserved-2003.

DISCLAIMER:

This RANT is intended SOLELY as Commentary, Satire and/or Social Criticism and is for ENTERTAINMENT. Content in this RANT is based on PUBLICLY AVAILABLE INFORMATION and is purely the OPINION of the writer. It is NOT intended to be relied on as fact. Some of this information is garnered from well respected news sources and some is not. As Raj puts it: "If you cannot tell that most of this rant is just my opinion then you are too stupid to be reading it!!!!

Stop before you hurt yourself! "


The Rant is inspired by how I feel that day, what I ate for dinner the night before, who is pissing me off, what I find entertaining, and information I sometimes get from: Bloomberg,1010WINS, Foxnews.com, CNN.com, ABCNews.com, CNBC.com and another dozen random news ".coms", The NY Post, The Asbury Park Press, The Drudge Report, The Daily Mirror, The Independent, The Standard, MSN, AOL, The Daily Beast, Breitbart, Wall Street Journal, Barstool Sports, Bleacher Report, CNBC, Various Analysts at brokerage firms, SeekingAlpha, Twitter, Instagram, PopSugar, Harpers, Washington Times, al Jazeera, The Washington Post, The Financial Times, Reuters, Maxim, RT News, Eonline,Vanity Fair, Politico, The Sun, The Daily Mail, The Guardian, Pravda, Forbes, Money, GQ, Men’s Health, YahooNews.com TMZ, ESPN.go.com, Golf Digest, and the Victoria Secret Catalogue.


This email is for entertainment only. We disclaim any and all responsibility for damages of any kind arising out of use, reference to, or reliance on any of this information that we already told you is worthless. If it gets forwarded out we have no control over where it ends up and are not responsible for the content of any site it may end up on. We try to remain free of viruses and all other diseases that can hurt computers but we do not warranty that…especially if someone forwards it to you. Action figures are sold separately and batteries are not included. If you choose to share this information with people that have no sense of humor you are advised to stand back at least 6 feet. If you receive this rant stapled to other papers do not put in the microwave. Please drink responsibly.



4 views