IT IS ON!!! ..It is ON LIKE DONKEY KONG!!! I wrote a while back how the 2020 election was gonna be a brawl like a UFC or an MMA battle. President Trump is not good at taking criticism and since his "punch back harder" strategy worked the opponents were likely to "Fight Fire with Fire" (and by opponents, I meant of course, the Democratic Candidates and the Loser Media). The vitriol and insanity is NOT waiting until 2020 .. It's already at the boiling point.. The gloves are off!!! There are so many examples of the Left Wingers losing their minds and flailing at Trump there is not enough room to write them all. The problem is the Left is forgetting some important stuff..Like.. You really shouldn't politicize mass shootings. It is bad politics..and most people just don't like it... Trump and Melania went to Dayton to visit victims and show support. Most people were thankful, posed for pictures and smiled. As soon as Trump left the Mayor and Democratic Senator (who vowed not to show up if Trump came.. but showed up anyway) bashed Trump and said Dayton "doesn't need his divisive speech" . The pictures of the injured and the hospital staff taking selfies and cheering tell a different story. Same story in El Paso. Unemployed speech giver Bob Beto O'Rouke got as much press for bashing the President as the President got for meeting with first responders and victims. So, tell me: WHO is being "Divisive" ?? This is America. You can HATE Trump if you want.. but. how about STEP OFF for a day or two in situations like this??
If the Loser Media had not been freaking out about the Trump visits, white supremacist talk, and gun control you can BET the Front Pages would be all about the ICE raids in Mississippi. ICE arrested illegal immigrants from several food processing plants throughout Mississippi. They set up Army tents as mobile, "Processing Centers" and arrested 680 people. Most were illegal immigrants and some were owners or managers of the plants where the illegals were working. This was the largest mass arrest in ICE history. I expected MASS freaking out in the Media but they were too busy with other stuff. Personally, while I DO think that all criminals should face justice I question the order. The violent criminals and immigrants that have committed OTHER crimes should be first on the deportation list, Right? The, "come to the country to work hard and make a better life for their family while obeying all other laws" should be much further down the list. Just my opinion ..
In the Swamp: First, a REALLY funny piece of Karma. I told you yesterday that even some members of the Loser media were coming down on Joaquin Castro for publishing names of "Trump Donors". These people were local business owners, some retirees, just people that felt like donating a few bucks to Trump. Several people from "both sides" pointed out Castro opened up these people and businesses to violence from extremists and its just not right. Castro said, "that was not my intention" . (Really? What WAS your intention?) Well, two of the donors that Castro "Outted" were local San Antonio businessmen that had donated to Castro, TOO!!! NOT ANYMORE!!! They said that "many of us in San Antonio are moderates that vote depending on what a candidate says they're going to do.. not just because they are Democrat or Republican. We won't be supporting Castro ever again" . AHHAHAHAH.. AHHAHHAAH.. How GREAT is THAT!!! .. and .. Twitter banned the Mitch McConnell Campaign account yesterday for, get this, posting a video of people outside McConnell's home shouting, "Massacre Mitch!!! .. Nah, Fck That, Im gonna stab the muthafkker in the Heart". Twitter claims, "regardless of the context, we do not allow threats to be posted or re-tweeted". Really? The posts of "Massacre Mitch" that are still up are ok? .. Geez.. there is NO Democratic Middle Ground anymore. They are ALL Extremists with Trump Derangement Syndrome.
Ive said it a dozen times and Ill say it again, if you want to beat Trump in 2020 you need a platform and a candidate that has a plan other than, "Trump Sucks" or "Trump is Evil". You had better embrace Mike Bloomberg or Howard Schultz or you have NO shot. Trump is crass, Trump can bloviate, Trump says LOTS of things that anger Americans.. but.. Unemployment is low, Middle Class jobs are coming back and America is TIRED of the "You're a White Supremacist" thing.
My skin is white. My heritage is mostly Irish. But, I am an AMERICAN just like my fellow Americans of Latin, Asian, European, Middle Eastern, African, Australian descent. I am a Libertarian that believes in small Government, personal rights and freedoms, low taxes, equality of opportunity, a reasonable and ENFORCED immigration policy and the Constitution. This does NOT make me a White Supremacist. In fact, if you go back and read your old Rants you'll see I think LOTS of White Americans are IDIOTS and in NO WAY Supreme!!! Lumping me in with a bunch of skinhead idiots is NOT going to make me vote Democrat!!! .. Bloomberg, I think the Sugary Drink Tax is stupid and I don't like your gun stance but Ill vote for you.. Schultz, Im not sure .. Oprah YES!!! Who else do I think would be a good President? Condoleeza Rice.. Jon Stewart .. Bill Belichick (with Tom Brady as VP doing all the Photo-ops) .. Bill Gates ..or maybe Melinda Gates and Bill is the VP? .. ALL of these people have a better plan for America than our current list of Democratic Presidential Candidates!!
SPORTS: GOLF: Torrential Rains and High Winds hit the NY area and knocked over spectator areas at Liberty National in Jersey City. The golf course is ready but fans will not be let in until 10:30 because the crews fixed the course first and are working on the spectator areas now to make them safe. Think about this: When is the last time Tiger Woods competed in a REAL golf tournament with NO spectators following his group around? 30 years ago??? when he was 12? ... and.. the LITTLE LEAGUE WORLD SERIES is on .. I still don't know if I'm a fan. I mean.. You see old men wear baseball uniforms and pretend they are "Good Coaches" because they picked the best 12 year olds in their state to play on their team..and you have to watch kids cry all the time.. I may watch some.. I don't know ... and... NFL: Colin Kaperdoosh posted a workout video and said, "Im still Ready" .. well.. You're STILL NOT GOOD ENOUGH ....
CELEBRIDIOTS: IMPEACHMENT!!!! No, not the Trump version .. the CLINTON version. Monica Lewinsky is producing an FX Documentary about the Clinton Scandal and her involvement. Guess when is Debuts? September of next year.. RIGHT before the Presidential Election!!! You think that's bad for Democrats? .. Or .. is it bait for Trump? Figuring with the Trump Ego he might slip and say, "That's Nothing.. you should have seen what I did to MY interns on The Apprentice..." ... and.. Hollywood has a NEW thing to Freak Out about and Boycott. The owner of their favorite workout spots, "Soul Cycle" and "Equinox Gyms" is hosting a fundraiser for... TRUMP!!! OOHHH NOOOOOOO!!!! BOYCOTT!!!! ..and.. Cameron Diaz gave an interview and talked about why she "left Hollywood". She claims it's because she was "modeling and in movies for 15 years and decided to step away for a more quiet life" .. oh.. yeah.. That might be it .. or.. it might be that there are parts in movies for hot, 25 year old former porn stars that can't act.. but not so much for 46 year olds that cannot act. ..Maybe? .....What? .. am I being too hard on her? Ok.. sorry.. Cameron, it's your birthday soon so I'll apologize.. You acted OK in "Something about Mary" .. and.. It WAS SOFT-core porn not hardcore.. so.. Ill give you some pics of the Cameron Diaz from when Hollywood wanted her... HERE ..and leave the current Cameron to her neighbors in her "Quiet Place" ...
***Traveling tomorrow... You may have to rant to yourselves ... ***
Following a bout of market volatility, stocks across the world are attempting to stabilize amid stronger-than-expected Chinese trade data that eased concerns about a sharp deterioration in the global economic outlook. U.S. stocks whipsawed yesterday, with the DJIA swinging more than 600 points at its widest span, while Chicago Fed President Charles Evans said trade headwinds could justify additional rate cuts. Ahead of the open, the Dow and S&P 500 are up 0.4%, while the Nasdaq is ahead by 0.7%. Bond yields have also rebounded from significant lows, with the 10-year advancing 4 bps to 1.73% after tumbling as low as 1.53% on Wednesday.
Saudi Arabia has reportedly phoned other oil producers to discuss possible policy responses following crude's 4.7% plunge on Wednesday to seven-month lows. The kingdom, which has already cut production more than required under the OPEC+ agreement, said it won't tolerate a continued slide in prices and is considering all options. The U.S. benchmark crude rose 3.2% to $52.72/bbl after the Saudi efforts were revealed. Planned OPEC+ gatherings are also set for the week starting Sept. 9 in Abu Dhabi.
Pakistani stocks dropped for a sixth straight day after the government suspended bilateral trade with India in a deepening spat over the disputed Kashmir region. The benchmark KSE-100 Index fell 2.2%, sliding to a new four-year low. On Monday, India said its central government would scrap Article 370, a constitutional provision that allowed the state of Jammu and Kashmir to make its own laws and granted special rights and privileges to permanent residents.
Uber (NYSE:UBER) is in the hot seat as it gears up to report financial results after the market close. Expectations are for a rise in second-quarter revenue as growth in Uber Eats offsets a decrease in riders. Investors will also look for comments on the company's timeline on turning a profit and updates on the recent protests by drivers against low pay and working conditions. On Wednesday, rival Lyft (NASDAQ:LYFT) boosted its outlook for the year, as the company gained more riders and amid new signs that the once-raging price war with Uber is abating. Go deeper: Compare Uber and Lyft side by side.
Burger King (NYSE:QSR) will bring the Impossible Whopper to all of its 7,200 U.S. locations today after a successful test run in seven markets. The nation's second-largest burger chain began testing the plant-based burger from Impossible Foods at locations in St. Louis in April. Those outlets saw traffic outperform national averages by 18.5% that month, according to a report from inMarket.
Just a week after Salesforce (NYSE:CRM) completed the $15.3B purchase of big data firm Tableau - its biggest deal ever - the company is again in the M&A groove. It has agreed to buy Israeli field service company ClickSoftware for $1.35B in cash and stock. Salesforce hopes the purchase will accelerate the growth of its Service Cloud platform and it expects to close the deal during its fiscal quarter ending Oct. 31. Go deeper: Building A Long-Term Position In Salesforce by Cestrian Capital Research.
Unlike PayPal (NASDAQ:PYPL) and Square (NYSE:SQ), Visa (NYSE:V) will continue to facilitate gun purchases as long as it is legal for people to buy guns. "We are guided by the federal laws in a country, and our job is to create and to facilitate fair and secure commerce," said CEO Alfred Kelly, the latest corporate leader to address the issue of gun control after the weekend mass shootings in Texas and Ohio. "We shouldn't tell people they can't purchase a 32-ounce soda. We shouldn’t tell people they can't buy reproductive drugs."
The Trump administration has invited internet and technology companies to a roundtable discussion on violent online extremism tomorrow after coming under growing pressure to deter mass shootings tied to internet-fueled racism. It wasn’t immediately clear, though, which companies would be involved in the meeting. A Twitter (NYSE:TWTR) spokesperson declined to comment, while Facebook (NASDAQ:FB) and Google (GOOG, GOOGL) did not immediately respond to requests.
What else is happening...
Above $1,500... Gold has a better return than stocks YTD.
FDA investigating 127 reports of seizures after vaping.
First look at the Huawei ban?
Venezuela government skips talks in protest of U.S. sanctions.
Puerto Rico gets its third governor in a week.
Wednesday's Key Earnings
AIG (NYSE:AIG) +3.6% AH blowing out expectations. CenturyLink (NYSE:CTL) -0.7% AH missing revenue estimates. CVS Health (NYSE:CVS) +7.5% beating Q2 consensus. Energy Transfer (NYSE:ET) +2.6% AH as EBITDA hit record. Lyft (LYFT) +4% AH adding more riders, lifting outlook. New York Times (NYSE:NYT) -12.3% amid ad revenue scare. Roku (NASDAQ:ROKU) +12.4% AH sailing over Street's Q2 bar. Skyworks Solutions (NASDAQ:SWKS) -7.4% AH on downside forecast. Teva Pharma (NYSE:TEVA) +3.3% amid Q2 beat, CFO resignation.
In Asia, Japan +0.4%. Hong Kong +0.5%. China +0.9%. India +1.7%. In Europe, at midday, London +0.2%. Paris +1.3%. Frankfurt +0.9%. Futures at 6:20, Dow +0.4%. S&P +0.4%. Nasdaq +0.7%. Crude +2.3% to $52.28. Gold -0.8% to $1508.10. Ten-year Treasury Yield +4 bps to 1.73%
Today's Economic Calendar
Roger “Raj” Searing firstname.lastname@example.org
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