GisermanGroup.com #BreakingNews
🎈Your 401k Jumping: Tech & AI Fuel Bull Rally
💸Why Your Costs for Almost Everything Are Rising
💵Trump Threatens Haley Donors
🏠Home Sales Lowest In Over 25 Years
🤖AI: The Good, The Bad & The Ugly
💣Mideast War Expands: Houthi Attacks on US Ships
🎓Teachers Turn to ‘OnlyFans’ to Subsidize Low Pay
🚖Apple Car Ahead, but…
🚨Your 401k Jumping: Tech Stocks Soar
Tech Stocks climbing higher again, the rally rooted in gains among names like Apple, Microsoft, Meta and Nvidia. Microsoft achieved an historic $3 trillion market valuation on Wednesday, in the latest example of how optimism over artificial intelligence has fueled unstoppable advances in software giants.
Shares of Netflix jumped after the company reported adding 13.1 million subscribers during the fourth quarter, stronger growth than Wall Street expected,
But Tesla shares sinking, the stock fell 8% in early trading Thursday, after Elon Musk’s company narrowly missed earnings estimates and warned its rate of expansion will be “notably lower” this year.
The S&P 500 passed 4,900 for the first time ever.
It all comes despite Donald Trump predicting the U.S. economy will crash and hoping it does so within the next year on President Biden’s watch.
In an interview with Lou Dobbs, on the Mike Lindell Network (yes, the ‘My Pillow’ Guy has a TV Network!) Trump explained that, if he were elected again, he would not want to serve a term similar to President Hoover’s — who took office when the economy was stable but later oversaw the start of the Great Depression.
💸Why Your Costs for Almost Everything Are Rising
Consumer costs rising due to shipping and supply-chain problems.
Exiger CEO Brandon Daniels, a GisermanGroup client dissects it on Bloomberg.
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💵Trump Threatens Haley Donors, Kochs Predict Biden Pres Win
Former President Trump on Wednesday railed against GOP primary opponent Nikki Haley and warned that anyone who contributes to her campaign would be “permanently barred from the MAGA camp.”
“When I ran for Office and won, I noticed that the losing Candidate’s ‘Donors’ would immediately come to me, and want to ‘help out.’ This is standard in Politics, but no longer with me,” Trump wrote in a post on his Truth Social platform.
“Anybody that makes a ‘Contribution’ to Birdbrain, from this moment forth, will be permanently barred from the MAGA camp. We don’t want them, and will not accept them, because we Put America First, and ALWAYS WILL!” Trump continued, using the nickname “Birdbrain,” to refer to Haley.
Haley renewed her challenge to Trump to get on stage and debate her, after he has repeatedly declined to debate his primary rivals.
Haley, during a rally in South Carolina, pointed to Trump’s recent claim he would score higher on a mental competency test than Haley, who has called for such tests for anyone over the age of 75.
Trump's New Hampshire victory comes on the heels of his historic victory at the Iowa caucuses, cementing his status as the 2024 Republican frontrunner.
Haley has questioned Trump’s mental fitness, seizing on a flub at a rally in which Trump repeatedly called Nancy Pelosi by Haley’s name when attacking the former House speaker.
A newly released memo from the conservative Koch Brothers says they fully expect President Biden to defeat Donald Trump despite what the media says. This is a significant sign that Biden is winning and the media/polling narratives may be wrong.
President Biden picked up a key endorsement from the United Autoworkers Union.
🚨Presidential Candidates Take Note:
The child-care system is broken.
Laura Tulchin, Chief Strategy Officer at Imagine Early Learning and a Giserman Group Client tells Scripps News, “The increasing cost of childcare could swing key millennial voters”:
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🚖Apple Car Ahead, but…
Apple driving forward with plans to build a car…
But, the iPhone company is simplifying the design and pushing back the potential launch date of its electric vehicle.
The release date has been delayed to 2028 at the earliest, according to Bloomberg, which reports the company’s previous 2026 release target was also the product of a delay.
Apple is now working on the EV with more limited features, further dialing back on plans that once included an autonomous vehicle without pedals or a steering wheel.
The vehicle will operate with a “Level 2+” system capable of autonomous lane centering and adaptive cruise control at the same time, according to Bloomberg, which added the tier was a few steps below the previously planned Level 4 technology capable of autonomously driving the car under limited circumstances.
🏠Home Sales Lowest In Over 25 Years
Sales of previously owned homes in 2023 dropped to the lowest level in 28 years, as home-buying affordability worsened and the supply of homes for sale remained low, according to just released numbers from the National Association of Realtors.
Skyrocketing HOUSING costs drove more than half of consumer price gains contributing to higher inflation.
But, SitusAMC’s Tim Rood a GisermanGroup.com client tells Fox Business’ Neil Cavuto nevertheless things are improving.
SitusAMC’s Rood with more on NewsNation:
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🤖AI: The Good, The Bad & The Ugly
Artificial Intelligence, the good, the bad, the ugly, dominating the World Economic Forum in Davos, Switzerland.
Exiger CEO Brandon Daniels, a GisermanGroup client, is there and spoke with NewsNation.
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📈Layoffs Surge
Blame AI?!?
721,677 job cuts last year, a 98% jump from 363,832 layoffs reported in 2022, a new report published by professional outplacement firm Challenger, Gray & Christmas has revealed.
Several high-profile tech companies, including Meta and Amazon, slashed jobs last year. Around 168,032 employees were laid off in 2023, which is a stunning 73% increase from the previous year, the report said. Experts now believe that this problem could worsen in 2024 as the labour market continues to soften in the face of high-interest rates and stubborn inflation.
"Labor costs are high," said Andy Challenger, senior vice president of Challenger, Gray & Christmas. "Employers are still extremely cautious and in cost-cutting mode heading into 2024, so the hiring process will likely slow for many job-seekers and cuts will continue in the first quarter," he added, as per Fox News.
Challenger went on to say that the "tech sector will continue to be impacted by the onset of AI, mergers and acquisitions, and realigning of resources and talent".
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🎤Leader of the Pack Singer Dies
Mary Weiss, the former lead singer of the 1960s pop girl group The Shangri-Las, died Friday at 75 years old. Her death was confirmed by her husband, who offered no details.
Weiss was the lead singer, singing about teenage love and tragedy on such hits as “Remember (Walking in the Sand)” and “Leader of the Pack.” The latter was written by George “Shadow” Morton, Jeff Barry and Ellie Greenwich, and became a No. 1 pop hit in 1964.
💡Oscar Spotlight Shines on Barbenheimer
“Oppenheimer,” Christopher Nolan’s portrait of the father of the atomic bomb, dominated the list of nominees for the 96th Academy Awards picking up 13 nods, including best picture. while “Barbie” tallied eight.
The nine other films vying for the top prize are Cord Jefferson’s “American Fiction,” Justine Triet’s “Anatomy of a Fall,” Alexander Payne’s “The Holdovers,” Martin Scorsese’s “Killers of the Flower Moon,” Bradley Cooper’s “Maestro,” Celine Song’s “Past Lives,” Yorgos Lanthimos’ “Poor Things” and Jonathan Glazer’s “The Zone of Interest.”
📝Sports Illustrated Laysoff Most of Staff
Much of the staff of Sports Illustrated, and possibly all remaining writers and editors, received layoff notices Friday, which essentially could spell the end of the iconic a publication.
The union representing the staff tweeted that it would continue to fight for the publication of the magazine but that its future is now in the hands of the magazine’s owner, Authentic Brands Group.
🚨Mideast War Expands: Houthi Attacks on US Ships
Another sign the Israel-Hamas war is widening.
The US launched more strikes on Yemen’s Houthis as the Iran-backed militant group continues to upend global shipping markets with Red Sea attacks.
US jets shot down an anti-ship cruise missile fired toward an American destroyer in the Red Sea from Houthi militant-controlled areas of Yemen, according to U.S. military.
These strikes on the terrorists will not prove to be a quick-fix to world-wide shipping problems, which are driving up consumer costs, as shippers have tripled the prices they charge to take cargo from Asia to Europe, according to Exiger CEO Brandon Daniels, a supply-chain expert and GisermanGroup client on Bloomberg:
Officials of Palestinian militant group Hamas have told international mediators that they are open to discussing a deal to release some of the kidnapped Israelis they are holding hostage in exchange for a significant pause in fighting, Egyptian officials said.
Exiger’s Daniels on NewsNation says so far the Red Sea situation has been contained, but that could quickly change:
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🪙SEC Approves Bitcoin ETF
Bitcoin extending its recent declines, falling further below $40,000 to its lowest level since the beginning of December.
The Securities and Exchange Commission authorized 11 applications by financial firms to offer what are known as “exchange traded funds” tied to Bitcoin, a potentially simpler way for people to invest in digital assets on traditional platforms like the Nasdaq.
Some of the largest financial companies in the world, including BlackRock and Fidelity, have been approved to offer the products, known as E.T.F.s.
It comes as the FBI is investigating after the Securities and Exchange Commission’s official X account was hacked. The accounted falsely posted a day earlier that the SEC had approved Bitcoin exchange-traded funds, forcing Chair Gary Gensler and the regulator to disavow the erroneous post.
GisermanGroup client Exiger’s Bob Kolasky, former Cyber Czar at the Department of Homeland Security says, “This hack is shocking given that the SEC wants to be a credible cyber player in the government and collect sensitive info from industry about cyber incidents this puts a spotlight on their need for strengthening internal practices.
Exiger’s Samar Pratt, a GisermanGroup.com client, Client, on FinTechTV says Crypto has also gained a foothold at one bank
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🍀Fed Scientists Recommend Easing Marijuana Rules
Government scientists have concluded Marijuana is neither as risky nor as prone to abuse as other tightly controlled substances and has potential medical benefits, and therefore should be removed from the nation’s most restrictive category of drugs.
The recommendations are contained in a 250-page scientific review provided to Matthew Zorn, a Texas lawyer who sued Health and Human Services officials for its release and published it online on Friday night.
The records shed light for the first time on the thinking of federal health officials who are pondering a momentous change. The agencies involved have not publicly commented on their debates over what amounts to a reconsideration of marijuana at the federal level.
🎢Boeing Jets Grounded BlownOut Panel Found
Hundreds of flights a day cancelled as United Airlines has found loose bolts on door plugs of several Boeing 737 Max 9 planes during inspections.
It comes after a 63 pound, 4-foot-long panel that blew-off an Alaska Airlines plane in midair was found in a backyard outside Portland Oregon. It gives investigators a key clue as they try to piece together why a gaping hole opened midair in the airplane’s side.
Airlines ordered by the FAA to stop using some 171 Boeing 737 Max 9 planes until they are inspected, less than a day after an incident in which a chunk of the body of a Max 9 plane operated by Alaska Airlines was blown out in flight.
The plane with more than 170 passengers and six crew, returned safely to Portland, Ore., after experiencing an incident that flight attendants described as an “explosive” decompression. Photos and video that passengers posted on social media showed a gaping opening in the plane. Oxygen masks dangled down.
…Get This
An iPhone sucked out of that Alaska Airliner has been found undamaged after a fall of 16,000 feet. The NTSB reportedly says it’s the second working iPhone it found from the wreck.
💣Shocking Allegations In Epstein Docs
A Jeffrey Epstein accuser once claimed former President Donald Trump allegedly had “sexual relations” with one of her unnamed friends at the late pedophile’s New York home “on regular occasions,” according to another trove of court documents unsealed Monday.
Sarah Ransome, in a string of emails in 2016, also claimed that she had copies of tapes Epstein had made of some of his high-profile friends — including Trump, former President Bill Clinton, Prince Andrew and British business magnate Richard Branson — allegedly having sex with an unnamed woman.
She confided in me about her casual ‘friendship’ with Donald. Mr. Trump definitely seemed to have a thing for her and she told me how he kept going on about how he liked her ‘pert nipples,’” Ransome wrote about her friend in one email, made public when the latest batch of newly unsealed documents dropped.
“I also know she had sexual relations with Trump at Jeffery’s NY mansion on regular occasions,” she added.
Ransome walked back the salacious allegations in an Oct. 23, 2016 email with a columnist, writing, “I would like to retract everything I have said to you and walk away from this,” according to the filing.
She added that “only bad things” and “pain for my family” would come from going public.
Jeffrey Epstein’s “sex slave” Virginia Roberts Giuffre had sex with a “prince” in France, newly released documents reveal.
Giuffre — who has claimed that she was pimped out for sex with disgraced Prince Andrew — says she once had sex with another prince at the late sex offender’s direction, according to a 2016 deposition for a lawsuit.
🤖Open AI’s Plan To Prevent Robot Uprising
OpenAI is putting together a new team of experts solely dedicated to preventing a potential robot uprising. The artificial intelligence company behind ChatGPT announced on Monday its plans for mitigating the dangers that may emerge from its technology—including cybersecurity risks and the potential that their bots may be used to create nuclear or biological weapons.
The company outlined the goals for the new “Preparedness Framework” in a 27-page document, saying that it would be used specifically to conduct regular tests and monitor their advanced models for any dangers it may eventually pose. The team would be dedicated to preventing such threats from emerging, while also ensuring that their products are deployed responsibly.
Exiger’s JC Herz tells NewsNation the AI Genie is already out of the bottle - and can’t be put back:
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🎓Teachers Post Pics to ‘OnlyFans’ to Subsidize Low Pay
Teachers don’t make enough money!
At a small Missouri high school, two English teachers shared a secret: Both were posting adult content on OnlyFans, the subscription-based website known for sexually explicit content to supplement income.
But a new approach to Early Child Education hopes to help teachers avoid the stigma. GisermanGroup client Imagine Early Learning Centers is the nation’s only employee-owned childcare company.
Laura Tulchin, Chief Strategy Officer at Imagine Early Learning tells Bloomberg and CBS, “Employee-ownership means teachers' voices are not only heard in the classroom, but in the boardroom as well:
According to a new report from the Economic Policy Institute, teachers earned 74 cents, on average, for every dollar that other professionals make.
It’s a trying time for all of us.
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💉Wegovy Reduces Heart Problems
The popular weight-loss drug Wegovy reduced the risk of serious heart problems by 20% in a large, international study that experts say could change the way doctors treat certain heart patients.
The research is the first to document that an obesity medication can not only pare pounds, but also safely prevent a heart attack, stroke or a heart-related death in people who already have heart disease — but not diabetes.
Zepbound, a new weight loss drug from Eli Lilly has been approved by the FDA, the latest entrant in the field which includes Ozempic, Wegovy and Mounjaro.
The drug was shown in clinical trials to help people lose up to 52 pounds in 16 months. It will carry a list price of about $1,060 for a month's supply. Despite the steep price, some analysts have anticipated it will become the best-selling drug in history.
The cost may put the new drug out of reach for many people given that insurance companies are often reluctant to cover weight loss medications, and Medicare, by law, does not cover them.
In the United States, 4 in 10 adults have obesity, according to the Centers for Disease Control and Prevention.
🩺Doctor Amazon
Amazon announces a new health care benefit program for Prime Members for $9 a Month (or $99 a Year)
“Prime members get high-quality, convenient care from One Medical, including 24/7 on-demand virtual care nationwide and easy to schedule office visits at any of One Medical’s hundreds of locations across the U.S”
💻TikTok Ban
New York City has banned China-owned TikTok on government devices, citing security concerns, joining a number of cities and states that have put such restrictions on the app.
The Biden administration is demanding TikTok’s Chinese-owners sell their stakes in the video-sharing app or face a full U.S. ban.
Matt Hayden Former Cybersecurity Czar at the Department of Homeland Security and a GisermanGroup.com client on Scripps News says TikTok is dangerous:
💻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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