GisermanGroup.com #BreakingNews
⁉️Your Best #Investment for 2022 & 3023
🎉#Stocks Green: Expect the Unexpected in Year Ahead
🛩️#SouthwestAirlines: Will They Be Held Responsible
⚡️#ElectricSlide: #Tesla Stock Sinks
🕊️#Twitter: CEO Search
⁉️Congressman: “I’m Jew-ish”
🎊HAPPY NEW YEAR
⁉️2023: Your Best Investment
What was your best investment in 2022? - Dow Stocks?, S&P 500 Fund ?, Tech Stocks?, Bitcoin? NOPE: YOUR HOME!
Stocks are headed for their worst yearly performance since 2008, with the Dow off by 8.5%, the S&P 500 down19.7%, Nasdaq's fallen 33.8%. BUT, Existing-Home prices climbed 8.6% from a year ago in the 3rd quarter according to the National Association of Realtors.
And SitusAMC's Tim Rood, former Fannie Mae Executive and GisermanGroup client says all signs point to a better performance for housing in the year ahead, which he labels as "2023: The Great Housing bust that will NEVER happen."
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🎉#Stocks Green: Prepare for Unexpected in 2023
Stocks are showing some green for TODAY, led by none other than tech stocks, as Tesla heads for a second day of gains. — the Dow closed down over 300 points, Nasdaq closed off 1.3% with markets on track for their worst annual performance since 2008. Widely held stocks Amazon, Meta and Tesla have each lost at least half their value this year.
Nobody predicted that!
So called ‘experts’ got it all wrong in 2022, so why should we believe that inflation and recession will subside next year?
Be prepared for the unexpected!
For December, the S&P 500 has lost 5.8%, while the Dow is down 4% and the tech-heavy Nasdaq down 8%
If there is a lesson to be taken away from the past 12 months it is this:
Expect more surprises.
The warnings come with the Fed increasing interest rates by a half-percentage-point, to the highest level in 15 years
Fed Chief Jerome Powell says the central bank will continue hiking interest through the year ahead, projecting a higher-than-expected rate of 5.1%, currently it’s 4.25%
Exiger CEO Brandon Daniels, a GisermanGroup client, tells FBN "Further interest rate hikes will certainly move us into a recession”:
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Get The Notice You Deserve in 2023
It’s a trying time for all of us.
>>Get your business noticed now<<
GisermanGroup.com will design a campaign to get you and your business in front of the public.
GisermanGroup.com will get you noticed too, contact us now
🛩️Travel Crippled by ‘Once In Generation’ Killer #Blizzard
Airport mayhem after a ‘once in a generation’ blizzard
Southwest Airlines plans to operate just over one-third of its typical schedule in the coming days after scrapping about 60% of flights Monday and cancelling about 46% of its flights on Christmas Day.
The airline said stranded travelers could “submit receipts for consideration” by email or on Southwest’s website. “We will honor reasonable requests for reimbursement for meals, hotel, and alternate transportation,” it said on an FAQ section on its site.
Southwest received $7.2 billion in federal subsidies for payroll and operations since 2020, will they be held responsible?
“USDOT is concerned by Southwest Airlines’ disproportionate and unacceptable rate of cancellations and delays as well as the failure to properly support customers experiencing a cancellation or delay,” the Department of Transportation said. “As more information becomes available the Department will closely examine whether cancellations were controllable and whether Southwest is complying with its customer service plan as well as all other pertinent DOT rules.”
Meantime military police are keeping people off Buffalo’s snow-choked roads, three days after western New York’s deadliest storm in at least two generations. 46 deaths have been attributed to the ‘once in a generation’ blizzard. Close to 5-feet of snow is on the ground in Buffalo, where at least 30 died.
💻Ban TikTok
The U.S. House of Representatives is banning TikTok on all House-managed devices, moving to get in sync with a new law banning the app on executive branch government phones amid mounting national-security concerns.
FCC Commissioner Brendan Carr calls on Congress to ban TikTok - saying ownership of the popular social media app by a Chinese company is a major security concern.
Exiger’s Bob Kolasky, former Cybersecurity Official at the Department of Homeland Security and a GisermanGroup client, has been warning for years that, “You and especially Your Business need to protect key data now from TikTok, the Chinese Government and others who desperately want to get their hands on it.”
Kolasky, on Cheddar also warns of Russia hacking U.S. companies:
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🚌Merry Christmas From Texas Gov Greg Abbott
Busloads of migrants were dumped at Vice President Harris’s residence in D.C. on Saturday — Christmas Eve — leaving migrants and their children on the streets in below-freezing temperatures, sent their by Texas Governor Greg Abbott.
The migrants were later taken to a church by the Migrant Solidarity Mutual Aid Network, a local aid group.
What are those words inscribed on the Statue of Liberty???
🚨Trump Prosecution - WillJustice Dept Act?
Donald Trump has been accused of insurrection, conspiracy to defraud the United States and obstruction of an act of congress by the House committee investigating the Jan. 6, 2021, attack on the Capitol as it referred him to the Justice Department for potential prosecution.
The action, the first time in American history that Congress has referred a former president for criminal prosecution, for his efforts to overturn the 2020 election that culminated in a violent mob of the former president’s supporters laying siege to the Capitol.
The key question: Will the Justice Department follow up and bring charges?
Meantime, Trump's business has been convicted of criminal tax fraud. A New York jury finding the Trump Organization engaged in an off-the-books compensation scheme to pay some executives in car leases, apartments and cash.
Trump and his family were not personally charged in this case, but the former president was mentioned repeatedly during the trial by prosecutors about his connection to the benefits doled out to executives.
The maximum penalty is $1.62 million, a rounding error for Trump.
🤥Congressman Lied About His Resume
Federal and local prosecutors are investigating whether Representative-elect George Santos committed any crimes involving his finances and lies about his background on the campaign trail.
Santos came clean to The NY Post, admitting he lied about his education and work experience — but insisting that the controversy won’t deter him from serving out his two-year term in Congress.
“I am not a criminal,” Santos said at one point during his exclusive interview. “This [controversy] will not deter me from having good legislative success. I will be effective. I will be good.”
“My sins here are embellishing my resume. I’m sorry,” Santos said on Monday.
Santos confessed he had “never worked directly” for Goldman Sachs and Citigroup, chalking that fib up to a “poor choice of words.”
The 34-year-old now claims instead that a company called Link Bridge, where he worked as a vice president, did business with both of the financial giants.
Santos says he never claimed to be Jewish…rather he claimed to be “ Jew-ish”!?!
Musk Looking for New Twitter CEO
Elon Musk says he’s searching for a CEO to run Twitter. It follows his poll asking users whether he should step down as head of the social-media platform showing they want him to go.
More than 17 million users had voted by the time the poll closed after 6 a.m. ET, with 57.5% saying he should leave as head of the company he bought in October for $44 billion. Mr. Musk had said when he launched the Twitter poll that he would abide by the results.
Musk has reinstated the journalists he banned from Twitter saying he allowed the users back on the platform based on the results of a 24-hour Twitter survey that he posted Thursday night where he asked if the accounts should be reinstated immediately or in seven days. More than 58% of voters urged him to unsuspend the journalists “now.”
Musk without warning or explanation Friday banned the accounts of several high-profile journalists including: The New York Times' Ryan Mac, The Washington Post's Drew Harwell., CNN's Donnie O'Sullivan, Progressive journalist Aaron Rupar and pundit Keith Olbermann.
Musk earlier reinstated Donald Trump’ Twitter account three weeks after acquiring the social media company for $44 billion and shortly after millions of accounts voted in favor (52% of more than 15 million total votes) of the decision through a poll Musk posted Friday night. Twitter previously suspended Trump's account two days after the January 6th insurrection at the Capitol, in what it said was a response to the "risk of further incitement of violence." Trump has yet to Tweet.
Meantime, Tesla's sell-off intensified on Tuesday, with the stock closing down 11%. Musk's electric car company is days away from closing out its worst month, quarter and year on record and has moved past Meta to become the worst-performing stock in 2022 among the most valuable tech companies.
🕕FTX Founder Sam Bankman-Fried Out on Bond
FTX founder Sam Bankman-Fried released on $250 million bail in a deal designed by federal prosecutors and Bankman-Fried’s defense attorneys, a New York federal judge ruled on Thursday.
Bankman-Fried’s ex-girlfriend along with a co-founder of FTX have pleaded guilty to fraud charges and are both cooperating with federal prosecutors.
Politicians were among the biggest benefactors. Bankman-Fried; Ryan Salame, the former co-C.E.O. of FTX; and Nishad Singh, a former head of engineering at the company, have donated a total of $84.3 million to Democrats, Republicans and political action committees since 2019, according to data collected by OpenSecrets.org.
Meantime, a lawsuit has been filed against stars who promoted the firm including Larry David, Tom Brady, and Stephen Curry.
Exiger’s Samar Pratt on FinTechTV explains how Crypto had just gained a foothold at BNY Mellon before this meltdown:
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⛽️Gas Prices Lowest in a Year
What inflation? Gas prices are the lowest in a year!
The national average price for regular gasoline is $3.18 a gallon, A year ago, the average price at the pump was $3.34, according to AAA
At their peak, gasoline prices were over $5 a gallon in mid-June.
The price of West Texas Intermediate crude oil, the U.S. benchmark that serves as the main driver of gas prices, this week fell to its lowest level of the year, around $72 per barrel, after rising above $120 in March.
AAA expects gasoline prices to continue to decline through the winter.
But, shoppers cutting back on holiday spending. A Harris poll shows about 60% of respondents plan to buy fewer gifts and a third are skipping gift-giving completely.
Bah Humbug
🇺🇦Zelenskyy Thanks U.S
Ukraine’s Volodymyr Zelenskyy told cheering U.S. legislators during a defiant wartime visit to the nation’s capital on Wednesday that against all odds his country still stands, thanking Americans for helping to fund the war effort with money that is “not charity,” but an “investment” in global security and democracy.
Zelenskyy called the tens of billions of dollars in U.S. military and economic assistance provided over the past year vital to Ukraine’s efforts to beat back Russia and appealed for even more in the future.
💸Trump’s AntiSemitism
Jewish Republicans are finally distancing themselves from Trump after his dinner with Kanye West, who has been denounced for making antisemitic statements, and with Nick Fuentes, an outspoken antisemite and Holocaust denier. Twitter has again suspended West’s account after he posted a swastika in a tweet.
Senate Republican leader Mitch McConnell saying that anyone who thinks the Constitution can be suspended will have a “very hard time” becoming president.
Has anyone heard from Ivanka or Jarred Kushner?
And Get This:
two more documents marked as classified have been found during a search of a Trump storage locker. A source familiar with the situation is quoted as saying it contained a wide array of items, including bizarrely wrestling belts!
🤧Flu Soars
It’s the worst flu outbreak in 10 years hitting 43 states.
Flu-connected hospital admissions are skyrocketing — over Thanksgiving week cases almost doubled from the previous week and were highest since the 2010-2011 season.
Adults 65 and older and kids have been hit particularly hard.
Pharmacies say drugs to fight the flu are in short supply.
NYC advises wearing masks when inside.
Get a flu vaccine now!
🚨Domestic Terror Alert
Warning to Jews, the LGBTQ community and migrants over violent extremists inside the U.S. from, the Department of Homeland Security.
Americans motivated by violent ideologies pose a “persistent and lethal threat,” a senior DHS official told reporters. Intelligence officials across the federal government have consistently highlighted the growing threat of American extremists in recent years, while explaining that foreign threats such as the Islamic State terrorist group and Al Qaeda are no longer as persistent as they once were.
College campuses have long hosted heated debates about the Israel-Palestinian conflict. But now, students say anti-Jewish antagonism is on the rise: Antisemitic incidents have increased, and a growing number of campus groups bar students who support Israel from speaking or joining.
Widespread power outages caused by vandalism of electrical substations in Central North Carolina blamed on Anti-LGBTQ terror. Electricity shutoff to 450,000 homes and businesses. The outages are the result of intentional damage by firearms to two substations in the county, according to Moore County and Duke Energy officials. A curfew is in effect.
💻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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🐭DisneyTo Sell ABC, ESPN?
Will Disney sell off ESPN andABC?
Wells Fargo analyst Steve Cahall described it as the "best path forward" and said he sees it "as a reasonable probably late-'23 event." Cahall, who said it is "time for change," explained that "with linear and sports trends diverging from core IP, we think severing the company is increasingly logical." He says CEO Bob Iger wants to do something big.
🎶Chorus Against Ticketmaster
The chorus against Ticketmaster’s contentious concert pricing practices is growing, numbering among them Zach Bryan and friends.
The country music artist dropped a live album, “All My Homies Hate Ticketmaster,” on Sunday. With it came a statement posted to social media in which he decried “a massive issue with fair ticket prices to live shows lately.”
Ticketmaster has faced a slew of bad press and scrutiny in recent weeks, notably around the botched rollout of tickets for superstar Taylor Swift’s upcoming Eras Tour.
A presale event in mid-November crashed the site and left many fans without tickets; the planned general sale for the stadium tour was subsequently scrapped because the dominant ticketing giant had run out of tickets. The debacle has even led several state attorneys general to open investigations.