GisermanGroup.com #BreakingNews

🏪9 Dead In Texas Mall #Shooting

🎢#Stocks Soar on Hot #Jobs Report

🏦 #Bank Failures — Is YOUR #MONEY Safe?

🏠 #HomeSales🆙

⏰#TikTok Collects Users #Sexual Orientation Data

🤖’Godfather of AI’ Quits Job Warning of Dangers

📺 #TuckerCarlson To Host #Presidential Debate

🚨Exhaustion Over Another #Biden-#Trump #Election

🏪9 Dead In Texas Mall Shooting

It’s happened yet again!

A gunman fired into a crowd at a suburban Dallas mall Saturday, killing at least eight people and himself, also injuring seven others as horrific images of severely wounded shoppers hit social media. At least three of the survivors are critically injured. The gunman was fatally shot by a police officer.

The gunfire erupted around 3:30 p.m. at the Allen Premium Outlets as throngs of shoppers filled the outdoor mall, which is about 25 miles north of Dallas and has more than 120 stores. Videos on social media show people dashing for shelter or running through a parking lot as loud popping noises can be heard in the background.

This is at least the 200th mass shooting this year in the U.S. — Congress are you paying attention?

👑King Charles Crowned in $125Mil Coronation👑

King Charles had the solid gold Crown placed on his head. A cry of “God save the king” went up, a fan­fare sounded, bells rang and gun salutes boomed across the UK and be­yond. 

Out­side West­min­ster Abbey, packed crowds who braced the light rain cheered the first coro­nation in Britain for 70 years, a cer­e­mony watched by mil­lions across the world. 

Estimates cost of the coronation: $125 Million, paid by the British people, not by the Billionaire-Royals.

No one out­side the palace is ex­actly sure how rich the monar­chy is, or of the per­sonal wealth of Charles. But there’s plenty of money still coming from a va­ri­ety of sources, in­clud­ing tax­payers, prof­its from large tracts of land and undisclosed pri­vately held in­vest­ments. 

🆙Hot Jobs Report—Stocks Soar

Stocks higher on HOT Jobs data and as Apple beats on its latest earnings report, propelled by iPhone sales. The Dow jumped 546.64 points, or 1.65%, to close at 33,674.38. The S&P 500 climbed 1.85%, ending the day at 4,136.25. The Nasdaq Composite advanced 2.25% and closed at 12,235.41.

Job growth totals 253,000 in April, beating expectations even as the FED tries to cool the economy. The un­em­ploy­ment rate fell to 3.4%.

So called ‘experts’ have repeatedly underestimated the strength of the post-pandemic Jobs market. They have undershot the payroll number 13 straight times, assuming companies would pull back on hiring as the Fed raised rates to tame inflation. Instead, employers have added roughly 4.5 million jobs.

It all comes after the Fed raised interest rates by a quarter-point on Wednesday — signaling a possible pause in increases for the near future.

Exiger CEO Brandon Daniels, a GisermanGroup.com Client tells Fox Business another FED rate hike could trigger a recession:

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💸Sell In May & Go Away — Not So Fast

We’ve all heard the popular market strategy ‘Sell In May & Go Away.’ Well that’s changing.

According to the chart above stocks have rallied over the summer for the past five years, and are more likely to swoon in September. With predictions the Fed will pause interest hikes after Wednesday’s meeting all signs point to a rising market. You be the judge.

🏦Is Your Money Safe?

Half of American surveyed say they are concerned about the safety of the money they keep in banks, according to a just released Gallup poll. That’s similar to worries during the 2008 financial crisis.

But Bank shares are rebounding —PacWest gained as much as 26% in premarket trading, while Western Alliance Bancorp and First Horizon Corp. rose 15% and 7%. PacWest shares fell as much as 50% to close at a record low while Western Alliance tumbled 25%. Comerica and Zions Bancorp are down sharply as well.

It comes after the FDIC seized First Republic Bank and immediately sold it to JPMorganChase — it’s the second largest bank failure ever in the U.S.

The selloff in PacWest flew in the face of Fed Chair Powell’s assertion that the government’s seizure and sale of First Republic Bank was “an important step toward drawing a line under that period of severe stress” for regional lenders.

Like Silicon Valley and Signature Banks—First Republic collapsed under the weight of loans and investments which lost billions of dollars in value as the Federal Reserve rapidly raised interest rates to fight inflation.

Over 100 banks may still be in trouble according to reports.  

🏠Home Sales Surprise

Home sellers and builders are seeing a stronger-than-expected busi­ness this spring, cap­i­tal­iz­ing on the re­cent fall in mort-gage rates and the short-age of ex­ist­ing homes for sale.

New-home sales soared to a yearly high in March as purchases leap 9.6%. Home prices are up, even as mortgage rates jump in this all important spring-buying season.

SitusAMC’s Tim Rood, a GisermanGroup Client breaks it all down to Fox’s Neil Cavuto:

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SitusAMC’s Tim Rood, former FannieMae Executive, and a GisermanGroup client, on Yahoo Finance, FBN's Cavuto and on Scripps News says Housing is the Cinderella Story of the Year:

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⏰TikTok Collects Users Sexual Orientation Data

For at least a year, some em­ploy­ees at Tik­Tok were able to find a list of users who watch gay con­tent on the pop­u­lar app, a col­lec­tion of in­for­ma­tion that sparked worker complaints, ac­cord­ing to for­mer Tik­Tok em­ployees quoted by the Wall Street Journal.

The Biden ad­min­is­tra­tion is de­mand­ing Tik­Tok’s Chi­nese own­ers sell their stakes in the video-shar­ing app or face a U.S. ban.

Matt Hayden Former Cybersecurity Czar at the Department of Homeland Security and a GisermanGroup client on Scripps News says TikTok is dangerous:

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🛫Ukraine Denies Drones Attack On Putin’s Home

Russia claims Ukraine launched a drone strike at President Vladimir Putin’s residence, Ukraine denies it. The Kremlin two drones were disabled by state security services and Putin was uninjured. It shows this video as proof.

In a statement, the Kremlin said it “regards these actions as a planned terrorist attack and an attempt on the president,” and reserved the right to retaliate.

Ukraine denies targeting Russia.

🤖AI Dangers

The Google engineer widely considered the godfather of artificial intelligence, has quit his job and is now warning of the dangers of further AI development.

Geoffrey Hinton worked at Google for more than a decade and is responsible for a 2012 tech breakthrough that serves as the foundation of current AIs like ChatGPT. 

He announced his resignation from Google in a statement to the New York Times, saying he now regrets his work. "It is hard to see how you can prevent the bad actors from using it for bad things," Hinton went on to say of AI.

President Biden says it remains to be seen if artificial intelligence is dangerous, but believes technology companies must ensure their products are safe before releasing them to the public.

More than 1,000 technology leaders and researchers, including Elon Musk and Apple co-founder Steve Wozniak, have urged artificial intelligence labs to pause development of the most advanced systems, warning in an open letter that A.I. tools present “profound risks to society and humanity.”

Artificial intelligence is taking over “clerical white collar work,” says IBM CEO Arvind Krishna. Jobs like customer service, human resources, and positions within finance and health care could all see ChatBots taking them over — not years from now but in the current day, according to Krishna.

📺No Severance For Tucker

Tucker Carlson may moderate his own GOP presidential candidate forum. The idea for the forum, which would operate outside of the confines of the Republican National Committee debate system, has been discussed with Trump, who would take part in it, the Washington Post reports. Trump has indicated that he is likely to avoid the GOP-approved debates.

You won’t believe Carlson’s text to a Fox producer discovered by the New York Times:

Tucker Carlson January 7, 2021 — 04:18:04 PM UTC

A couple of weeks ago, I was watching video of people fighting on the street in Washington. A group of Trump guys surrounded an Antifa kid and started pounding the living shit out of him. It was three against one, at least. Jumping a guy like that is dishonorable obviously. It’s not how white men fight. Yet suddenly I found myself rooting for the mob against the man, hoping they’d hit him harder, kill him. I really wanted them to hurt the kid. I could taste it. Then somewhere deep in my brain, an alarm went off: this isn’t good for me. I’m becoming something I don’t want to be. The Antifa creep is a human being. Much as I despise what he says and does, much as I’m sure I’d hate him personally if I knew him, I shouldn’t gloat over his suffering. I should be bothered by it. I should remember that somewhere somebody probably loves this kid, and would be crushed if he was killed. If I don’t care about those things, if I reduce people to their politics, how am I better than he is?

The Times reports - The text message added to a growing number of internal issues involving Carlson that led the company’s leadership to conclude he was more of a problem than an asset and had to go, according to several people with knowledge of the decision. In other messages he had referred to women — including a senior Fox executive — in crude and misogynistic terms. The message about the fight also played a role in the company’s decision to settle with Dominion for $787.5 million, the highest known payout in a defamation case.

Tucker’s latest video ‘See You Soon’:

https://twitter.com/TuckerCarlson/status/1651376097349578753?s=20

Fox News' ratings in the 8pm hour continued to plunge, with the network delivering its worst performance in the 25-54 demo since before the 9/11 terrorist attacks. In contrast Newsmax's audience surged. Eric Bolling's 8pm show delivered almost 5-times the audience of the previous Tuesday. BUT GET THIS: over 12million people have watched the above video on Twitter.

Fox reportedly told Carlson’s lawyers he was fired “with cause" — related to his ex-producer’s lawsuit which claimed sexism, antisemitism, and harassment, according to RadarOnline.com. The “with cause” label means the company will likely seek to avoid severance payments to Carlson.

The announcement came days after Fox News settled Dominion Voting Systems’ defamation lawsuit for $787.5 million.

Carlson was Fox’s top-rated prime-time host, netting an average of more than 3 million viewers per night, the most of any pundit on cable television.

Staffers are celebrating the news: “Pure joy,” one Fox reporter told Rolling Stone of their reaction to the split. “No one is untouchable. It’s a great day for America, and for the real journalists who work hard every day to deliver the news at Fox.”

“It was a good move to part ways with Tucker,” added a producer. “He knowingly spread lies throughout his time at Fox, but I fear management will replace him with someone who is just like him … so there probably won’t be any real change.”

Fox’s share price fell almost 3% on the heels of Carlson’s departure, marking the network’s worst day in a run of losses since it settled with Dominion last week.

A reminder that Carlson formerly worked at CNN and MSNBC — where does he surface next?

And get this: Carlson and Don Lemon, also out at CNN, have hired the same lawyer to get them big packages.

The prominent Hollywood lawyer, Bryan Freedman, has a track record of getting multimillion-dollar settlements for TV stars and other celebrities. He represents Chris Cuomo, the former CNN anchor who is seeking $125 million for wrongful termination after the network fired him in 2021, and secured a payout of Megyn Kelly’s full contract when she left NBC.

📺Hollywood Writers Strike

Television and movie writers are on the picket lines. Negotiations between studios and the writers, which began in March, failed to reach a new contract before the writers' current deal expired just after midnight. All script writing is to immediately cease, the guild informed its members. The walk-off by the 11,500-member guild is the first major Hollywood work stoppage in 15 years and will massively disrupt the entertainment industry.

For viewers, the most immediate effect will be felt on talk and sketch shows. Late night shows like “Saturday Night Live,” “The Tonight Show Starring Jimmy Fallon” and “The Late Show With Stephen Colbert,” will likely go dark immediately. Reality series and some international shows, which are not covered by the guild, will be aired in heavy rotation.

💵US Running Out Of Cash

The Treasury warns the federal government could run short of money to pay all of its bills as soon as June 1 without a debt limit increase, adding urgency to a bitter fight between congressional Republicans and Democrats and the White House.

Treasury Secretary Janet Yellen said in a letter to Congress that the agency will be unlikely to meet all government payment obligations “as early as June 1” without action by Congress.

President Biden meets with top Congressional leaders from both parties next week trying to work it out.

🚨Poll Finds Exhaustion Over Another Biden-Trump Election

President Biden formally announced that he would seek a second term.

In a 3 minute video he pitches himself as the Democrat best positioned to keep Donald Trump from reclaiming the White House, and needing to ‘finish the job’.

It comes as more Americans say they feel “exhaustion” over the prospect of a 2024 rematch between Biden and Donald Trump, according to a new Yahoo News/YouGov poll.

The survey of 1,530 U.S. adults, which was conducted from April 14 to 17, found that 38% chose exhaustion after being shown a list of eight feelings and asked to select all that “come to mind” when considering another Biden vs. Trump campaign.

Among registered voters, the number is even higher: 44%.

No other sentiment — not fear (29%), sadness (23%), hope (23%), anger (23%), excitement (16%), pride (8%) or gratitude (7%) — cracks the 30% mark among all Americans.

And an NBC News poll showed, most of those surveyed, by a 70%-to-26% margin, said Biden shouldn’t seek reelection, while 60% said Trump should bow out.

Overwhelmingly people feel the candidates are too old.

money or to acknowledge potential conflicts of interest from ties to Purdue.

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🕕Crypto Rising

Bitcoin lower after it returned back around the $30,000 mark

Exiger’s Samar Pratt on FinTechTV explainsCrypto had just gained a foothold at BNY Mellon:

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🍀Americans Spend More On Weed Than On Beer & Chocolate Combined

U.S Legal sales of marijuana and marijuana products -- like edibles -- reached an estimated $30 billion in 2022, according to a report from MJBizDaily.

That total is more than Americans spent on chocolate and craft beer combined, -- $20 billion and $7.9 billion, respectively.

And get this — legal sales are still vastly outweighed by illicit ones – Whitney Economics estimates that legal transactions constituted just 25% of total cannabis market in 2021. 

It’s a trying time for all of us.

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💊Weight Loss Wonder Drug Worth Billions

What price beauty?

An Eli Lilly drug if approved for weight loss could become the best-selling drug of all time.

Experts are confident that the drug, called tirzepatide, will be granted approval by the Food and Drug Administration sometime this year.  If that’s the case, it would join two other popular — and expensive — recently approved weight loss drugs on the market, Wegovy and Saxenda, both from the drugmaker Novo Nordisk.

The drugs have been shown in clinical trials to be highly effective for weight loss. All three drugs — which are given as injections — work in a similar way: They’re a class of drugs called GLP-1 agonists, which mimic a hormone that helps reduce food intake and appetite.

Oh yea it would cost you $13,000 a year (and most insurances won’t pay)!

💻They Want Your Password

Warning-New Scams to steal your passwords.

If you've had a password hacked recently, you aren't alone. The volume of password attacks has soared to an estimated 921 attacks every second. That's a 74% rise in one year, according to the latest Microsoft Digital Defense Report.

Exiger's Robert Kolasky with more on Bloomberg & CBS:

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💰Money Does Buy Happiness

Money really does buy happiness.

The rule extends well beyond the $75,000-a-year salary threshold that had been seen as the upper limit for making an impact, according to a team of scientists that include the Nobel Prize-winning psychologist who introduced the idea of a happiness plateau more than a decade ago.

Happiness does increase steadily in line with incomes and even accelerates as pay rises beyond $100,000 a year and more — as long as the person enjoys a certain baseline level of happiness to begin with. That’s according to a study of 33,391 people living in the US, published in the Proceedings of the National Academy of Sciences journal.

The results contradict a famous 2010 paper by the psychologist Daniel Kahneman and economist Angus Deaton, which reported that happiness goes up with income until the relationship starts to “flatten” at between $60,000 and $90,000 a year.