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💸Debate — It’s The Economy Stupid:
-🛒Shoppers Cutting Back, $5 Meal Deals
-🏠Home Prices Hit Record Highs
-📈Tech Stocks ⬆️ As Nvidia Soars Again
🎤Presidential Debate Prep
✈️Airplane Safety Alert-Busiest Travel Day Ever
🚗Cyberattack Targets Car Dealers
📈Debate — It’s The Economy Stupid!
President Biden and Donald Trump would be wise to remember—It’s the Economy Stupid that elects presidents! That’s traditionally what voters worry about first.
Tonight’s debate has the potential to seize the nation’s attention. For the first time in decades, a single network, CNN, will oversee the debate, and it will be simulcast on nearly every major channel, along with lots of news sites. 60% of Americans say they’re paying attention to the debate.
When Biden, 81, and Trump, 78, take the stage, they’ll be making history as the two oldest candidates in American history to vie for the Oval Office.
Trump and his team are already laying the groundwork to suggest the debate is orchestrated to favor President Biden. While there’s still plenty of talk being circulated by Trump and his followers about Biden using caffeine, hopped up on Mountain Dew, or some performance-enhancing drug, they have come up with an even better excuse for a Trump loss by blaming CNN and the debate moderators: Jake Tapper and Dana Bash, labeled as pro-Biden.
Biden is happy just prepping for the showdown.
🛒Shoppers Cutting Back
Malls are empty as Inflation takes a bite out of wallets.
Retail Analyst Burt Flickinger of SRG on Bloomberg:
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🍔Fast Food Deals
$5 value meals — the fast-food industry's latest push to bring consumers back. Restaurant chains, including McDonald's, Burger King and Starbucks, are promoting affordability as consumers trade down to eat at home.
McDonald's $5 meal has a choice of a sandwich (McDouble or McChicken), small fries, four-piece Chicken McNuggets and a small soft drink.
Burger King rolled out its new $5 "Your Way Meal", which comes with chicken nuggets, fries and a soft drink and a choice of three sandwiches.
Starbucks released a new "Pairings Menu" that starts at $5.
📈Tech Stocks ⬆️ As Nvidia Soars Again
The tech-heavy Nasdaq soaring as Nvidia shares recover, a day after plunging
Nvidia fell 6% for its third straight negative session. It has dropped 12% over a three-day slide, putting it past the 10% threshold that represents a correction.
Nasdaq Up 0.5%
Dow Down 15 points
S&P 500 Gains 0.4%
Bitcoin around $62k
Gas prices falling to $3.44 a gallon
➡️ Exiger CEO Brandon Daniels says AI dominated the World Economic Forum in Davos, Switzerland:
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🏡Housing Crisis For Millennials
The median price of an existing home sold in May was $419,300, a record-high price and up 5.8% year over year.
Housing Expert Rick Sharga tells NewsNation the American Dream is turning into the American Nightmare for millennials with sky high home prices and near 7% mortgages:
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🚌DayCare Costs More Than Rent
Laura Tulchin, Chief Strategy Officer at Imagine Early Learning tells NewsNation it’s a key issue in the Presidential Election:
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✈️Why Flying Is Less Safe This Summer
2.99 million airline passengers screened on Sunday, the highest-ever in a single day according to the TSA, BUT A MAJOR PROBLEM LURKS IN AIRPLANES.
The latest problem: turns out new Boeing and Airbus jets have parts made from titanium, sold using fake documentation.
Exiger President Carrie Wibben tells NewsNation it raises concerns about the structural integrity of those planes.
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A Southwest Airlines flight inexplicably dived while landing in Oklahoma City, flying less than 500 feet over a residential neighborhood — setting off altitude alarms and frightening residents.
The dangerously low flight of Southwest Airlines flight 4069 from Las Vegas was recorded by transponders, and contacted by air traffic controllers.
🚙Cyberattack Targets Car Dealers
Buying a new car is even a bigger headache now than normal, hackers have taken down key software for about 15,000 car dealerships across the US and Canada.
Exiger’s JC Herz tells NewsNation such cyberattacks should serve as a warning to all of us:
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💧Your Drinking Water Target of CyberAttacks
A recent string of cyberattacks on water utilities included systems in Kansas, Texas, and Pennsylvania…
…GDIT’s Matt Hayden, Former Dept of Homeland Security Cyber Czar, tells NewsNation the threat is all too real
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💻Cleveland Hacked! - It Can Happen To YOU Too
Cleveland City Hall shut for two days after a “cyberattack”.
Exiger’s Bob Kolasky tells NewsNation it can happen to YOU or YOUR Business:
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WikiLeks Founder Freed
WikiLeaks founder Julian Assange released from a British prison.
The agreement with the U.S. frees Assange and ends the years-long legal battle over the publication of a trove of classified documents.
Assange was charged by criminal information — which typically signifies a plea deal — with conspiracy to obtain and disclose national defense information, the court documents said.
🔫Guns Public Health Crisis
Guns, the leading cause of death among children and adolescents, are a public health crisis, U.S. Surgeon General Dr. Vivek Murthy declared in an advisory.
Research shows that gun-related suicides—which encompass the majority of all firearm-related deaths—has increased by 45% for people aged 15-24 and 68% for children aged 10-14 from 2012 to 2022, according to the advisory.
Adults have also been impacted by the ongoing crisis. More than half of U.S. adults or their family members have experienced a firearm-related incident throughout their lives, according to an April 2023 survey.
🍿Bad Summer Movies Hurting Malls
Another quiet weekend at movie theaters, dominated once again by Sony’s “The Garfield Movie,” Warner Bros.’ “Furiosa: A Mad Max Saga” and a slew of holdovers.
“The Garfield Movie” earned $14 million in ticket sales while “Furiosa” settled into third place in a close race with “IF,” according to studio estimates.
It’s The Worst Summer Movie Box Office in 30 Years and it’s Hurting Business at The Mall Analyst Burt Flickinger Explains on Bloomberg.
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💻Surgeon General Calls For Teen Warning On Social Media
U.S. Surgeon General Vivek Murthy is calling on Congress to require a tobacco-style warning advising parents that using social platforms might damage adolescents’ mental health.
In an op-ed in The New York Times, Murthy said the mental health crisis among young people is an urgent problem, with social media “an important contributor.”
He said his vision of the warning includes language that would alert users to the potential mental health harms of the websites and apps.
"A surgeon general’s warning label, which requires congressional action, would regularly remind parents and adolescents that social media has not been proved safe," he wrote.
💊Abortion Pill—SCOTUS Throws Out Challenges
The Supreme Court threw out its biggest abortion-related case since overturning Roe v. Wade two years ago, saying that anti-abortion forces who tried to restrict access to a commonly used abortion pill lacked legal standing.
Rejecting the highly-anticipated case preserves access to mifepristone but allows the court to skirt making a ruling on the merits of the case.
The Supreme Court held that the plaintiffs — a group of doctors who oppose abortion but don't take or prescribe mifepristone — couldn't show they were directly injured, as the Biden administration asserted during oral arguments.
But senate Republicans have defeated a bill that would have established a federal right to in-vitro fertilization, a piece of legislation that Democrats brought to the floor as part of an election-year effort to contrast their approach to reproductive rights with that of the party across the aisle.
🍎Apple Soars—Takes a Byte of AI
Apple is again the world’s richest company, beating Microsoft in valuation, shares closing at a new high a day after announcing its long-awaited artificial intelligence push, ‘Apple Intelligence’.
CEO Tim Cook emphasized the need for privacy and personalization, “beyond artificial intelligence,” into “personal intelligence.
Siri now is said to understand more and can perform numerous tasks on iPhones, iPads and Macs. Siri can also tap into ChatGPT.
Most processing will be done your device instead of on servers in the cloud. But the company said for running larger AI models Apple will keep it private by running its own servers with what it calls Private Cloud Compute.
Here are some of its capabilities:
Context-driven notifications: Apple Intelligence can recognize which notifications are important to your personal context.
Writing improvements: Apple Intelligence will introduce system-wide proofreading and style improvements across third-party and native apps.
Image generation: Apple Intelligence can create generative photos based on your photo library, similar to some other platforms. There are three styles: Sketch, Illustration, and Animation.
Cross-application tasking: Apple Intelligence can delve into your apps and execute tasks on your behalf. One of the examples Federighi gave was asking Apple Intelligence to pull up files sent by a contact in a certain time period.
Focus on personal context: Apple Intelligence can draw upon the full suite of your activity but also on what’s on your screen. For example, you can ask it whether a shifted meeting will cause you to be late to a personal commitment, Federighi said.
🚗How Much Is Elon Musk Paid?
Tesla soaring after shareholders approved Elon Musk’s controversial $48 billion pay package.
The 2018 package made Musk eligible for as much as $55.8 billion in stock options if Tesla hit certain milestones. The current value of the options was closer to $48.4 billion at the close of trading Thursday.
The outcome helps Musk qualify as the world’s richest person, worth well over $200 billion.
🇮🇱 Israel Rescues Hostages
Israel’s military rescued four hostages from central Nuseirat in Gaza on Saturday morning, in what it described as a complex daytime operation.
There are still eight Americans being held hostage by Hamas, five living and three dead.
The latest operation brings the total hostages rescued alive to seven since the start of the war following the Hamas-led attack on Oct. 7.
The newly freed hostages — Noa Argamani, 26; Almog Meir Jan, 22; Andrey Kozlov, 27; and Shlomi Ziv, 41 — were kidnapped by Hamas from the Nova music festival on Oct. 7. All four are in good medical condition and have been transferred to a hospital in Israel for further examination, the Israeli authorities said in a statement.
Israeli Prime Minister Benjamin Netanyahu says Israel will not agree to a permanent cease-fire before the destruction of Hamas’s “military and governing capabilities,” a day after President Biden laid out a three-stage road map to a sustained cease-fire that the President said was backed by Israel.
The Israeli military took control over the Rafah border crossing and much of Rafah itself, in what it called a limited operation aimed at destroying Hamas targets it says were used to attack Israeli soldiers.
Exiger CEO Brandon Daniels, a GisermanGroup client, on NewsNation says make no mistake it’s not over yet:
Exiger!s Daniels on Bloomberg TV says YOUR Wallet was Targeted in the initial Iran Attack.
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🌭Hot Dog Eating Contest-Netflix Vs Nathan’s
🌭FRANKLY, who really cares? But we must report:
Hot dog eating champion Joey Chestnut and Netflix are shaking up the competitive eating industry.
The New York Post reports that Chestnut, a 16-time winner of the annual July 4th Nathan’s Hot Dog Eating Competition, was let go from this year’s competition after he partnered with Impossible Foods to promote their brand new vegan hot dog.
The company has allowed Chestnut to participate in “a rival, unbranded hot dog eating contest on Labor Day” that will be filmed and streamed by Netflix.
It’s all so hard to swallow.
⁉️Why Does Trump Hate Milwaukee
Donald Trump called Milwaukee — the host of the 2024 Republican National Convention — a “horrible” city and said it is overrun by crime.
The comments, which were first reported by Punchbowl’s Jake Sherman and confirmed by NBC News, drew criticism from Democrats, while Trump’s allies scrambled to defend his remarks.
The Trump campaign denied that he called the city “horrible,” writing in a press release that the reports are a “total lie.” Yet, the campaign still seemed to imply that Trump spoke disparagingly of the city.
“President Trump was explicitly referring to the problems in Milwaukee, specifically violent crime and voter fraud,” the campaign said in its statement.
Trump has repeatedly falsely claimed he won Wisconsin in 2020 and has at times blamed Milwaukee's election officials for the election outcome, baselessly claiming absentee voting in the state's largest city was rife with fraud.
The former president is celebrating his 78th birthday today, and has shown signs of slowing down, both physically and mentally.
🚨Poll: 1-in-10 Republicans Less Likely To Vote For Trump
Ten percent of Republican registered voters say they are less likely to vote for Donald Trump following his felony conviction according to a Reuters/Ipsos poll.
And a Morning Consult Poll finds 49% of Independents believe Trump should drop out of the presidential race.
The two-day Reuters poll, conducted in the hours after the Republican presidential candidate's conviction by a Manhattan jury , also found that 56% of Republican registered voters said the case would have no effect on their vote and 35% said they were more likely to support Trump, who has claimed the charges against him are politically motivated and has vowed to appeal.
Trump’s felony conviction now means he’s banned from a host of countries including Canada and UK. There are 37 countries that bar felons from entering, even to visit.
Sentencing is scheduled for July 11th. The felony conviction calls for a sentence of up to 4 years, but Trump may never see the inside of a prison cell. He could receive probation when he is sentenced, and he is certain to appeal the verdict.
📺Paramount/CBS Sale Not Done Yet
Billionaire Edgar Bronfman Jr., who once ran Warner Music and liquor giant Seagram, has reportedly expressed interest in buying the company that controls Paramount Global — adding yet another twist in the chaotic sale of the media giant.
Bronfman, backed by private-equity firm Bain Capital, is eyeing an offer between $2 billion and $2.5 billion for National Amusements, which is owned by Shari Redstone and her family, according to The Wall Street Journal.
Another offer from Skydance-RedBird has been nixed by Redstone.
In an ambitious move reflecting the turbulent currents of the media industry, Paramount has announced a major budget reduction of $500 million.
With all that in mind, the company has opted to postpone a scheduled all-employee town hall. Paramount told employees that the town hall will now be held on June 25, suggesting that there should be more clarity on the company’s future by then.
“Given the ongoing speculation regarding potential M&A, we want to be able to speak to you with as much candor and transparency as possible,” the company wrote to employees. “By moving the date, our hope is to do just that.”
🇲🇽Mexico President-A Jewish Woman
In a historic election on Sunday, Mexican voters elected a Jewish woman to lead the country, beating its neighboring ally and sometimes competitor, the United States, to that distinction.
Claudia Sheinbaum became the next negotiator-in-chief with the U.S. on issues from cross-border trade to immigration and drug and fentanyl trafficking, with consequences that inevitably spill into American households.
Early results indicated that Sheinbaum, 61, prevailed in what the authorities called the largest election in Mexico’s history, with the highest number of voters taking part and the most seats up for grabs.
⛽️Cheaper Gas For Summer
With gas prices averaging $3.60 a gallon, six cents more than a year ago, the Biden administration is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer.
The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a time. The approach will create a competitive bidding process that ensures gasoline can flow into local retailers ahead of the July 4 holiday and sold at competitive prices, the Energy Department said.
🚨US & China Economic War Heats Up
The US slams unfair trade practices by China and imposes stiff tariffs on everything from EVs to Computer Chips to Solar Cells.
Exiger CEO Brandon Daniels, a China & SupplyChain expert, tells NewsNation this is one of the few issues on which President Biden and Donald Trump agree:
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🤖AI—Latest Battleground For US & China
Artificial Intelligence—the latest battleground for the U.S. and China.
Exiger’s JC Herz tells NewsNation China already knows how to hack American Water Systems and Electrical Grids.
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🛒Why Is Government At War Over Supermarket Merger?
The Government war against the merger of Kroger and Albertsons is heating up. Noted Retail Analyst Burt Flickinger, a GisermanGroup client tells Scripps News the merger is good for shoppers and union workers:
💊Concerns the proposed merger will stifle costumers’ access to prescription drugs are widely exaggerated, says Retail Expert Flickinger. KXL Radio spoke with Flickinger to get the down-low:
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💻TikTok Ban
TikTok has sued the US government over a new law that will force its Chinese parent company ByteDance Ltd. to divest the popular video app or face a ban across the country.
Is Chinese Retaliation next? Exiger’s JC Herz on Scripps News:
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➡️Exiger’s Bob Kolasky, a GisermanGroup client, former Dept of Homeland Security Assistant Director for Cybersecurity tells NewsNation TikTok is dangerous
BTW: President Biden’s campaign says it will continue to use its account on TikTok even after he signed the legislation into law that forces its Chinese parent company, to sell its stake or face a ban in US app stores.
The bill providing $60 billion in funding for Ukraine comes at a desperate moment for the country’s beleaguered defenders and holds the prospect of helping them stave off a Russian onslaught at the last possible moment.
For Israel, the package contains $26 billion—direct aid as well as money for replenishing U.S. stockpiles and supporting U.S. operations in the region.
🌉Cargo Ship Finally Cleared From Baltimore
The cargo ship that crashed into the Francis Scott Key Bridge in March finally being moved to port.
It comes after Baltimore opened a deeper shipping channel, a major step toward fully reopening its cargo operations after the collapse of the Bridge.
➡️GisermanGroup.com client, Exiger CEO Brandon Daniels, a supply-chain expert, tells Bloomberg the closure of the Port of Baltimore affected supplies and prices of everything from cars to coal to sugar:
➡️And Exiger’s Daniels on NewsNation says the ramifications from the bridge collapse will result in major changes to the way we do business:
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➡️Our friend Steve Sbraccia, the Consumer Guy, explains why the bridge collapse affects us all:
🚨Debate’s On
President Biden and Donald Trump have agreed to a June 27 debate hosted by CNN.
The CNN announcement comes after Biden on Wednesday said that he had received an invitation from CNN for a debate.
"Over to you, Donald. As you said: anywhere, any time, any place," Biden wrote on X.
Trump accepted the invitation shortly after and in a memo proposed additional debates in July and August.
A second presidential debate has been scheduled for September 10 on ABC.
The candidates are cutting the nonpartisan Commission on Presidential Debates, which has managed debates since 1988, out of the process.
The loser: RFK Jr. had a real chance at making the presidential debate stage for the traditional fall debates, but now seems to be cut out.
🏠Home Sales Sink As Mortgages Soar
The average interest rate for 30-year fixed-rate mortgages has increased to 7.29%, the average contract interest rate for the more populated 5/1 ARMs decreased to 6.60% .
➡️SitusAMC’s Tim Rood a GisermanGroup.com client tells Fox Business’ Neil Cavuto buyers are afraid of high mortgages.
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💧CyberAttacks On Your Drinking Water
The Biden administration is warning states to be on guard for cyberattacks against water systems, citing ongoing threats from hackers linked to the governments of Iran and China.
➡️Exiger’s Bob Kolasky shared the warning with NewsNation:
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🩻Abortion Key Election Issue As Trump Flip-Flops
The Arizona Supreme Court’s decision to bring back a 160-year-old near total ban on abortion has inflamed the politics in one of the nation’s biggest electoral battlegrounds, which is now effectively ground zero for abortion politics. With a tossup Senate race, a pair of close congressional seats and its 11 Electoral College votes on the line, the state will be one of the most closely watched in the country.
It comes as Donald Trump has changed his stance again on a nationwide abortion ban, upsetting both conservatives and liberals.
In a video shared on Truth Social, Trump said he is “proudly the person responsible” for the Supreme Court's decision to overturn Roe v. Wade, because it gave individual states the authority to decide how they approach abortion regulations.
Trump said that by overturning the landmark Supreme Court decision of 1973 — which granted women around the nation the right to an abortion — conservatives took abortion laws “out of the federal hands and brought it into the hearts, minds, and vote of the people in each state."
“My view is now that we have abortion where everyone wanted it from a legal standpoint, the states will determine by vote or legislation, or perhaps both,” he said in the clip. “And whatever they decide must be the law of the land. In this case, the law of the state.”🎢Trump Media Stock Sinks
The share price of Trump Media closed trading 20% lower, hours after the social media app company tied to Donald Trump reported a net loss of $58.2 million on revenue of just $4.1 million in 2023.
📒 Trump Selling $60 Bibles
We kid you not. Donald Trump is promoting a line of pricey Bibles in a partnership with country music star Lee Greenwood.
The “God Bless the U.S.A. Bible” costs $59.99, not including shipping and other fees, according to its website. The partnership comes as the presumptive Republican presidential nominee has seen his net worth explode by billions of dollars on paper while he appeals massive civil penalties in multiple courts.
🚨Trump Gets Bond Deal For $454M Fraud Case
“KEEP YOUR HANDS OFF TRUMP TOWER!” blared the text message from the former president on Truth Social.
Donald has reached a deal that will spare him from paying a $454 million judgment in his civil fraud case while he appeals the penalty.
It came in the form of a bond that will prevent New York’s attorney general, who brought the lawsuit that led to the judgment, from collecting the $454 million until Trump’s appeal is resolved
The $175 million came from Knight Specialty Insurance Company, a California company that handles such deals. In providing the bond, which is a legal document, not an actual transfer of money, the firm essentially promised New York’s court system that it would cover the judgment against Trump if he loses his appeal and fails to pay.
Meanwhile, Trump supporters are being asked to help pay his legal bill. The message from his committee urges them to donate in amounts ranging from $20.24 to $3,300 or more.
Trump has also invited high-dollar donors to an April 6 fundraiser. The invitation’s fine print says donations to the Trump 47 Committee will first be used to give the maximum amount allowed under federal law to Trump’s campaign. Anything left over from the donation next goes toward a maximum contribution to the Save America PAC, and then anything left from there goes to the RNC and then to state political parties
President Biden is maintaining a significant fundraising advantage over Trump, who is running out of campaign money he can tap for legal fees.
It all comes as Trump has also warned that if he isn't elected in the upcoming presidential election "it's gonna be a bloodbath" for the country.
Trump delivered the chilling messages while addressing supporters at a Buckeye Values PAC Rally in Dayton, Ohio
In other Trump legal news: The judge in Trump’s hush money trial, set to start April 15, expanded a gag order following his attacks against the judge’s daughter.
📰Free Evan!
The Wall Street Journal put this in massive blank space on its front page on Friday in honor of Evan Gershkovich, its correspondent who's been imprisoned in Russia for exactly one year.
The special front page featured a large blank space where a story about Gershkovich should be. In big bold letters above the space, the outlet declared, "HIS STORY SHOULD BE HERE." A picture of the imprisoned journalist sat to the left of the headline.
Gershkovich, the American-born son of Soviet immigrants, was detained on March 29, 2023, during a reporting trip in Yekaterinburg, the fourth-largest city in Russia, and accused of being a spy. He was accredited by Russia's Foreign Ministry to report in the country when he was arrested, and he is considered wrongfully detained by the Biden administration.
💊AI Helps Fight The Fentanyl Crisis
AI tools are helping in the fight against the fentanyl epidemic.
The infiltration of fentanyl from Mexico and Asia into the U.S. is not merely a border control issue; it’s a sophisticated network of illicit trade.
Exiger CEO Brandon Daniels Says traditional methods of interception are no longer sufficient. This is where Exiger’s supply chain risk management tools come into play.
Daniels says, “With the ability to analyze vast amounts of data, the AI-powered technology in the 1Exiger platform can identify the manufacturing origins of fentanyl precursor chemicals and map out their intricate distribution networks, acting as a digital bloodhound tracing the scent of these deadly shipments.
Drug overdose deaths are now killing more than 110,000 people in the U.S. every year, according to the CDC.
🦟Cicadas Coming To Bug You
Trillions of cicadas are set to invade the US for the first time in 221 years.
From Nebraska to New York, in late April, two large broods of periodical cicadas are expected to emerge from the ground for a noisy orgy, mating frenzy.
An event like this hasn't occurred since 1803 when Thomas Jefferson was president and it's not expected to happen again until 2244.
Three weeks into the process, many of the cicadas will be high in the trees, where they laid their eggs.
The eggs will eventually fall to lower ground, where cicadas will hatch and burrow underground.
Within two to six weeks, most of the cicadas will die after reproducing.
🚗Your Car Is Spying on You
Car manufacturers admit they are selling your driving habits and more to insurance companies and others. Many of the automakers also saying they would share your information with the government or law enforcement without a court order.
➡️Exiger’s Bob Kolasky, a GisermanGroup client, former Dept of Homeland Security Assistant Director for Cybersecurity tells Scripps News why you should be concerned:
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☕️Coffee Fights Aging
Drink up!
New research has unveiled the potential health benefits of trigonelline — a natural molecule found in coffee.
This discovery is pivotal in the quest to improve muscle health and functionality, especially as we age.
Sarcopenia is characterized by the gradual weakening of muscles due to cellular changes associated with aging. This leads to a significant decline in muscle mass, strength, and ultimately, a reduction in physical independence.
In pre-clinical models, coffee which contains supplementation with trigonelline enhanced mitochondrial activity, thus aiding in the preservation of muscle function during aging.
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Defense Secretary Warns Of Russia-NATO War
NATO could be dragged into a war with Russia if Vladimir Putin's forces are not stopped in Ukraine, Defense Secretary Lloyd Austin warned.
Exiger CEO Brandon Daniels just returned from Ukraine. He shares his unique perspective with NewsNation: