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Government funding is not on the menu for House lawmakers returning from their Thanksgiving district work period this week, even as the holiday schedule puts Congress in a time crunch to make a deal on federal spending.

The House is expected to hold several votes related to the Israel-Hamas conflict as well as the U.S. border crisis, according to a schedule obtained by Fox News Digital on Monday.  

Not listed are the remaining five appropriations bills that House Republicans are aiming to pass out of 12 total. Similarly, there are no upcoming meetings or hearings on appropriations listed on the websites of the House Rules Committee and the House Appropriations Committee.

The House has been in recess since Nov. 17, returning on Tuesday afternoon. Lawmakers will be gone again from Dec. 15 until the new year.

Just before leaving, Congress passed a temporary extension of last year’s government funding levels, but with two separate deadlines: Passing appropriations bills concerning military construction and Veterans Affairs; Agriculture; Energy and Water; Transportation and Housing and Urban Development, by Jan. 19, while the remaining eight appropriations bills must be worked out by Feb. 2.

Before that, the Senate passed its own three spending bills in a joint ‘minibus’ and is potentially weighing a similar effort with the other nine. 

And despite the solidarity shown by passing the extension to avoid a government shutdown, the two chambers are still far apart on a final deal.

The topline budgets the House and Senate have said they are expected to be working toward are about $120 billion apart. Conservative policy riders on issues like abortion and the LGBTQ community have also made the House GOP’s bills a nonstarter for the Democrat-controlled White House and Senate. 

The lack of expected votes on appropriations this week comes after House leaders were forced to pull key spending bills from the schedule over the last month over opposition from both moderates and the GOP Conference’s right flank.

But House conservatives have made clear that the pressure is on GOP leaders to not only move forward with the appropriations process, but also fight for deep spending cuts along the way. 

‘If the [House GOP] cannot 1) cut spending off of the massive Pelosi omnibus… 2) demand the U.S. border be secured before even mentioning the word Ukraine… & 3) make our military great again w/o social engineering… what’s the point of being in the majority?’ Rep. Chip Roy, R-Texas, wrote on X.

Rep. Nancy Mace, R-S.C., said on the platform, ‘Consistently high inflation is continuing to rage and hurt our economy. Washington must take these issues seriously by working together to cut wasteful government spending. Both parties created this mess, and we must work together to fix it.’

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Democrat and Republican lawmakers will hash out the next fiscal year’s military spending budget, also known as the National Defense Authorization Act (NDAA), during this week’s formal House-Senate conference. 

The ranking member on the Armed Services Committee, Sen. Roger Wicker, R-Miss., managed to score a victory before Congress broke for Thanksgiving recess to get the conference scheduled. A Wicker aide previously told Fox News Digital that if the conference process hadn’t started before the recess, ‘it wouldn’t have happened this year’ due to other priorities. The chambers will convene on Wednesday, according to the Senate schedule.

According to a Senate Armed Services Committee (SASC) aide, top negotiators for the NDAA include Wicker, SASC Chairman Sen. Jack Reed, D-R.I., House Committee on Armed Services (HASC) Chairman Rep. Mike Rogers, R-Ala., and SASC ranking member Rep. Adam Smith, D-Wash.

In a statement provided to Fox News Digital, which was first reported by Punchbowl, Wicker said Monday, ‘There are a number of things that need to be fixed’ in the NDAA.

‘But things are moving,’ he added. 

The Senate approved its version of the annual military defense bill with bipartisan support in July in an 86-11 vote, granting authorization for $886 billion over the next year to bolster national defense, right before the chamber’s five-week August recess.

Notably, in the Senate’s version, military personnel will see a 5.2% pay increase, and it includes $9.1 billion to foster competitiveness with China, investments in advancing military drone technology, and $300 million in aid to Ukraine.

The Senate’s bill avoids addressing the issues of abortion and transgender services. However, it does acknowledge the concerns expressed by Republicans about what they call an excessive influence of progressive policies within the Pentagon.

As such, Senate Republicans were able to get provisions in the policy that prevent mandating the inclusion of preferred pronouns in official correspondence as well as a proposed hiring freeze on ‘new diversity, equity, and inclusion positions.’

‘Military readiness depends on the guarantee of equal opportunity, without the promise of an equal outcome, because warfare is a competitive endeavor and the nation’s enemies must know that the United States Armed Forces is led by the best, brightest, and bravest Americans,’ the bill text reads. ‘The tenets of critical race theory are antithetical to the merit-based, all-volunteer, military that has served the country with great distinction for the last 50 years.’

Just two weeks prior to the Senate’s passage, the House approved its version of the bill, which incorporated several Republican amendments aimed at dismantling the Pentagon’s abortion policy for service members seeking procedures out of state as well as restricting transgender-affirming treatments.

President Biden has previously indicated he would not sign a package filled with hardline GOP priorities like what’s included in the House’s version.

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The Pentagon said Tuesday that the USS Mason and Central Park, an Israeli-owned tanker, were not the intended target of Houthi missiles that fired from Yemen over the weekend. 

The missiles came after five armed assailants attempted to seize the MV Central Park, an Israeli-owned tanker operated by Zodiac Maritime, in the Gulf of Aden on Sunday. 

The vessel sent out a distress call and forces from the USS Mason, an American destroyer, responded. The five assailants attempted to flee in their small boats, but the U.S. forces pursued them and fired warning shots, resulting in their eventual surrender, according to Pentagon press secretary Brig. Gen. Pat Ryder. 

Around 90 minutes later, at least one – possibly two – ballistic missiles were fired from Houthi-controlled Yemen and landed around 10 nautical miles from the Mason as it was assisting the vessel. 

Yemen’s internationally recognized government blamed the Iranian-backed Houthi rebels for the attack, though the rebels in control of the capital, Sanaa, did not acknowledge either the seizure or the missile attack.  

The Pentagon said that the five armed assailants who attempted to seize the Israeli-linked vessel were likely Somali pirates and not Houthi rebels. 

On Tuesday, Ryder told Fox News’ Jennifer Griffin it was the Pentagon’s assessment that the Mason and Central Park were not the intended target of the missile. 

Ryder could not speak to the intended target and referred further questions on the matter to the Houthis. He could not confirm any potential U.S. military action against the Houthis. 

‘I’m not going to telegraph or forecast or speculate on any potential airstrikes that we might take in the region other than to say we will do what’s necessary to protect our forces,’ Ryder said. 

Recent attacks on commercial vessels have been conducted by Houthis, seen as part of a rise in violence in the region due to the Israel-Hamas war. Global shipping had increasingly been targeted as the Israel-Hamas war threatens to become a wider regional conflict — even as a truce has halted fighting and Hamas exchanges hostages for Palestinian prisoners held by Israel.

Zodiac Maritime has been targeted previously amid a wider yearslong shadow war between Iran and Israel. In 2021, a drone attack assessed by the U.S. and other Western nations to have been carried out by Iran killed two crew members aboard Zodiac’s oil tanker Mercer Street off the coast of Oman.

The Central Park seizure comes after a container ship, CMA CGM Symi, owned by another Israeli billionaire, came under attack Friday by a suspected Iranian drone in the Indian Ocean. Iran has not acknowledged carrying out the attack.

Earlier in November, the Houthis seized a vehicle transport ship also linked to Israel in the Red Sea off Yemen. The rebels still hold the vessel off the port city of Hodeida.

The Associated Press contributed to this report

This post appeared first on FOX NEWS

The U.S. military on Tuesday delivered its first of three rounds of humanitarian aid intended for the people of Gaza, according to the Pentagon.

Pentagon press secretary Brig. Gen. Pat Ryder told reporters that the U.S. airlifted 24.5 metric tons of U.N. humanitarian supplies to provide ‘vitally needed medical supplies, warm clothing, and food and nutrition assistance to the people of Gaza.’

The U.S. Agency for International Development (USAID) requested that the supplies be flown via a U.S. Air Force C-17 cargo plane, Ryder said. The aircraft arrived earlier Tuesday in Egypt and the aid was to be transported into Gaza and distributed by U.N. agencies.

The 54,000-pound shipment is the first of three U.S. military humanitarian aid flights to northern Egypt for Gaza’s civilian population planned for the coming days.

Ryder said the aid is in addition to the more than 500,000 pounds of food assistance delivered by the United States last week via USAID. 

The humanitarian aid comes after Israel and Hamas agreed to extend a truce and continue swapping hostages for prisoners.

In the weeks since Israel declared war on Hamas for its Oct. 7 attack, thousands of Palestinians have fled south. The U.S. believes that roughly 2 million Palestinians are now in south and central Gaza.

The Biden administration has told Israel that it must work to avoid ‘significant further displacement’ of Palestinian civilians in southern Gaza if it renews its ground campaign aimed at eradicating the Hamas militant group. Administration officials have highlighted that an already stretched humanitarian support network would be overwhelmed by further displacement.

More than 13,300 Palestinians have been killed since the war began, according to estimates from the Hamas-run Health Ministry in Gaza, which does not distinguish between civilians and combatants. Israel has disputed those figures.

More than 1,200 have been killed on the Israeli side, mostly civilians killed in the initial attack on Oct. 7. At least 77 soldiers have been killed in Israel’s ground offensive.

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

On Monday, after the close, some warning signs from our risk gauges popped up. These are especially interesting given the number of bulls and the amount of money coming into the market.

Technically, we still have the resistance that has not cleared in small caps, retail, or transportation. And this is all happening with a declining dollar, bullish gold, plus renewed buying in agricultural commodities.

Could these warnings reverse? Yes, but this is the most risk-off we have seen as far as the gauges since April.

Risk Gauges: WARNINGS

SPY (S&P 500) now on par with TLT (long bonds); you don’t want TLT to outperform. Risk off.HYG (junk bonds) underperforming TLT. Risk off. SPY is now underperforming GLD (gold). Risk off.WOOD underperforming GLD. Risk off.

Risk off means just that, so pay attention — these gauges are incredible.

On another note, check out Your Daily Five with 6 picks and setups I did for StockChartsTV.com today!

This is for educational purposes only. Trading comes with risk.

If you find it difficult to execute the MarketGauge strategies or would like to explore how we can do it for you, please email Ben Scheibe at Benny@MGAMLLC.com, our Head of Institutional Sales. Cell: 612-518-2482.

For more detailed trading information about our blended models, tools and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.

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Get your copy of Plant Your Money Tree: A Guide to Growing Your Wealth.

Grow your wealth today and plant your money tree!

“I grew my money tree and so can you!” – Mish Schneider

Follow Mish on Twitter @marketminute for stock picks and more. Follow Mish on Instagram (mishschneider) for daily morning videos. To see updated media clips, click here.

Mish in the Media

Mish covers the technical setup for Palo Alto and how MarketGauge’s quant models found this winner on Business First AM.

Mish and Maggie Lake cover inflation, technology, commodities and stock picks in this interview with Real Vision.

Mish talks trading range, fundamentals, and how to think about commodities right now on Yahoo! Finance.

In this appearance on BNN Bloomberg, Mish covers the emotional state of oil and gold, plus talks why small caps are the key right now. She also presents a couple of picks!

Learn how to trade commodities better with Mish in this interview with CNBC Asia!

Mish and Charles Payne discuss why the small caps, now in mid range still have a chance to rally in this appearance on Fox Business’ Making Money with Charles Payne.

Mish talks about Tencent Music Entertainment on Business First AM.

Mish talks bonds with Charles Payne in this clip from October 27, recorded live in-studio at Fox Business.

Coming Up:

November 29: Crypto Town Hall & Schwab Network

November 30: Live Coaching

December 3-December 13: Money Show Webinar-at-Sea

Weekly: Business First AM, CMC Markets

ETF Summary

S&P 500 (SPY): 450 support, 465 resistance.Russell 2000 (IWM): 181 resistance, 174 support.Dow (DIA): 360 resistance, 346 support.Nasdaq (QQQ): 388 now pivotal support.Regional Banks (KRE): 45 big resistance.Semiconductors (SMH): 160-161 pivotal support.Transportation (IYT): 235 support.Biotechnology (IBB): 120 pivotal.Retail (XRT): 65 resistance and 60 pivotal support.

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

The cryptocurrency space has had its share of challenges, but Coinbase (COIN) looks like it may be setting itself apart from the pack, especially after its last earnings report on November 2. COIN’s stock price is up over 200% this year and it made it to the top position in the StockCharts Technical Rank (SCTR) score.

CHART 1: STOCKCHARTS TECHNICAL RANKING (SCTR). COIN made it to #1 position in the Top 10, Large Cap category.Chart source: StockCharts.com. For educational purposes.

In the weekly chart of COIN below, you can see that the stock has broken above its August 2022 and July 2023 highs. The stock is trading above its 50-day simple moving average (SMA). If COIN continues moving higher, there’s not too much in terms of resistance. Remember, however, that the stock started trading in April 2021, so it’s not going to have too many significant support and resistance levels, especially in a weekly chart. But it’s still a good stock to add to your ChartLists, especially if Bitcoin and other cryptocurrencies set up for a bullish rally.

CHART 2: WEEKLY CHART OF COINBASE STOCK PRICE. The stock has broken above its more recent highs. It remains to be seen if the breakout has some follow-through.Chart source: StockCharts.com. For educational purposes.

Let’s switch to the daily chart to see more granularity in COIN (see chart below).

CHART 3: DAILY CHART OF COIN STOCK PRICE. The stock’s trend is correlated with the trend in cryptocurrencies. A SCTR score of 99.9 and RSI of 85 could mean the stock is overbought. Look for a pullback followed by a reversal to the upside.Chart source: StockCharts.com. For educational purposes.

With a SCTR score of 99.9 and a relative strength index (RSI) of 85, there’s a chance the stock is overbought. A pullback followed by a pivot reversal with strong upside momentum would be a good reason to add the stock to your portfolio. Since it’s a risky play, given the volatility in cryptocurrency, place a tight stop if you enter a long position.

The price of COIN stock moves in sync with the crypto market. If crypto sees strong performance by Coinbase’s next earnings date on February 20, COIN’s stock price could move higher. But keep your ears open for news on the regulatory front. Any regulatory threats could send crypto prices lower, fast.

What’s the Significance of the SCTR Score?

In a nutshell, SCTR is a numerical score that ranges from 1 to 100. The higher the value, the higher the stock’s rank. To get a high SCTR rank, a stock or ETF should score high with all the indicators used to calculate the SCTR score and in the short, medium, and long-term time frames.

The SCTR score identifies the leaders and laggards within specific industry groups. Since the calculations are done for you, all you have to do is add the indicator panel on SharpCharts or StockChartsACP.

How To Add the SCTR Line to Your Charts

In the SharpCharts Workbench, from the Indicators dropdown menu, click SCTR Line.In StockChartsACP, click on SCTR Line from the Standard Indicators list.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

It’s the end of the month, which means it’s time for me to take a look at the seasonal behavior for the S&P 500 and its sectors on this episode of StockCharts TV’s Sector Spotlight. Is there is any alignment between historical and actual rotations? That proves to be difficult to assess, but, by switching between daily and weekly rotations on Relative Rotation Graphs, we can see that some sectors are popping up with potentially interesting rotations.

This video was originally broadcast on November 27, 2023. Click anywhere on the Sector Spotlight logo above to view on our dedicated Sector Spotlight page, or click this link to watch on YouTube.

Past episodes of Sector Spotlight can be found here.

#StaySafe, -Julius

NEW YORK – The NHL has expanded its upcoming All-Star Weekend in Toronto to add a women’s 3-on-3 event and bring back the popular player draft.

The league announced the new “NHL All-Star Thursday” in a press release Monday.

Members of the new Professional Women’s Hockey League will take part in a game at Scotiabank Arena on Feb. 1. Four All-Star captains matched with celebrities will draft their teams for the skills competition on Feb. 2 and 3-on-3 tournament on Feb. 3.

The NHL also will honor the 1967 Maple Leafs, Toronto’s last team to win the Stanley Cup, as part of the festivities.

The women’s hockey involvement continues a recent trend of involving some of the best players in the world in NHL All-Star Weekend. Canada’s Sarah Nurse scoring on New York Rangers goaltender Igor Shesterkin was a highlight of the skills competition in 2023, and Kendall Coyne shined in the fastest skater event in 2019.

The PWHL is set to start its inaugural season in January.

“We can’t wait to showcase our new league and our incredible athletes on NHL All-Star Thursday,” PWHL senior vice president of hockey operations Jayna Hefford said. “We’re delighted to be collaborating with the NHL, and we appreciate the opportunity to grow the game through the All-Star platform.

“Over the years, the inclusion of women’s hockey in NHL events has created some very special experiences for players and fans, and we’re certain NHL All-Star Thursday will provide even more memorable moments.”

This post appeared first on USA TODAY

The Carolina Panthers fired coach Frank Reich after only 11 games but it is still not the shortest tenure in league history, not by a longshot.

Reich actually held his job longer than three other coaches, and − given the unique circumstances of the person on this list with the shortest tenure in NFL history − it’s hard to envision that record ever being broken.

Still, quick tenures has become far more common recently in the NFL, with the Broncos firing former coach Nathaniel Hackett last December after only 15 games and the Jaguars ending the Urban Meyer experiment in 2021 after only 13.

Here’s a look at the five shortest coaching tenures in NFL history, not counting interim roles.

13 games: Lou Holtz, New York Jets (1976) and Urban Meyer, Jacksonville Jaguars (2021)

Starting with Meyer, his time in Jacksonville was fraught with an inability to adapt his coaching style to the NFL after he was one of the most successful coaches in college football history. It started from the very beginning.

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A month after his hiring, Meyer hired former Iowa strength and conditioning coach Chris Doyle, who had been accused of bullying and allegedly saying racist remarks while with the Hawkeyes. Doyle quit two days after being hired. Meyer then signed Tim Tebow, a career quarterback, to play tight end. This despite the fact that Tebow had not played in six seasons and had never played tight end. He was cut after team’s first preseason game. The Jaguars were fined $200,000 and Meyer received a fine of $100,000 for violation of the league’s policy on contact during off-season practices.

A video surfaced online showing a woman who was not Meyer’s wife dancing on him in a Columbus, Ohio, restaurant the day after the team lost a road game in Cincinnati. Meyer did not accompany the team back to Jacksonville after the game. Meyer apologized, saying his behavior was ‘stupid’ and caused a distraction.

Then, the act that prompted his dismissal, former Jaguars kicker Josh Lambo revealed that Meyer kicked him while stretching before practice.

Another coach making the jump from the college ranks, Holtz struggled significantly in his lone season in the NFL. Coming from NC State, Holtz was tabbed to lead the Jets in what would be Hall of Fame quarterback Joe Namath’s final season in New York.

The Jets lost their first four games and went 3-11 under Holtz before he resigned ahead of the season finale. Namath completed just 49.6% of his passes in 11 games (eight starts) that year and posted a 4:16 touchdown-to-interception ratio. The Jets also ranked 26th out of 29 teams in scoring defense, allowing 27.4 points per game that season.

11 games: Frank Reich, Carolina Panthers (2023)

This is actually the second time Frank Reich has been fired in the middle of an NFL season. In November 2022, the Colts dismissed Reich after a 3-5-1 start amid a regression at offensive line and a constant flux at quarterback.

Then, a little more than two months later, the Panthers hired Reich to be their head coach. Reich had been Carolina’s first-ever starting quarterback when the team was an expansion franchise during the 1995 season. In March, the Panthers traded up in a massive deal to secure the No. 1 overall selection in the 2023 NFL draft, a pick they eventually used to select Bryce Young.

While Reich did not have personnel control in making the decision to draft Young and while C.J. Stroud of the Texans is vastly outperforming all rookie quarterbacks, Young’s rookie campaign had been a mess under Reich.

At the time of Reich’s firing, Young ranked 27th in passing yards (1,877), 58th in yards per attempt (5.4), 53rd in quarterback rating (74.9) and has a 9:8 touchdown-to-interception ratio. The Panthers featured one of the worst offensive lines in football, ranking 29th in sacks allowed (43).

Minutes after the Panthers lost to the Titans Week 12 to drop to 1-10 under Reich, team owner David Tepper was heard shouting an expletive after leaving the locker room. By the next day, Reich was gone.

9 games: Pete McCulley, San Francisco 49ers (1978)

The 49ers fired Ken Meyer in January 1978 and tabbed Pete McCulley to lead the team. After nine games, McCulley was then fired in October of the same year. It would be McCulley’s lone head coaching job at any major level of football.

McCulley’s team faced a void of talent after the Niners traded five draft picks, including a first-rounder, for running back O.J. Simpson, who was 31 at the time of the deal. Simpson would post a career low in yards per carry (3.7) and scored only one rushing touchdown. He would play only one additional season in the NFL, also with San Francisco.

McCulley’s 49ers had a rough start, which is something of an understatement. They went 1-8 before he was fired and the team would go on to commit a stunning 63 turnovers and rank last in scoring offense (13.7 points per game) and 23rd (of 28 teams) in scoring defense (21.9).

The 49ers would finish the season 2-14. The coach they hired to replace McCulley was Bill Walsh.

2 preseason games: George Allen, Los Angeles Rams (1978)

It turns out that 1978 was a rough year in general for one-and-dones. Before the 49ers fired McCulley, George Allen lasted just a pair of games, and exhibition ones at that.

Allen, an eventual Pro Football Hall of Famer, never posted a losing season during his 12 years as a head coach, compiling a 118-54-5 mark. He coached with the Rams from 1966 through 1970 and then with Washington from 1971 through 1977.

He was appointed in 1978 to lead the Rams for his second stint with the team, but owner Carroll Rosenbloom fired Allen after just two preseason games.

The Rams elevated defensive coordinator Ray Malavasi as coach and he led the team to a 12-4 record and an appearance in the NFC Championship Game.

1 day: Bill Belichick, New York Jets (2000)

‘I resign as HC of the NYJ’.

It’s one of the iconic moments in recent NFL history: Bill Belichick, one day after being elevated as the head coach of the New York Jets − following the resignation of previous coach Bill Parcells − Belichick held a press conference that was supposed to be his introductory session, only to deliver his resignation, which he had written on a slip of paper.

Belichick, rather, preferred to be the coach of the New England Patriots, joining forces with owner Robert Kraft. Eventually, the Patriots would trade a first-round pick in the 2000 NFL draft to acquire Belichick from New York.

Belichick would go on to win six Super Bowls with the Patriots, matching the number of playoff appearances the Jets have had since 2000.

The last time New York clinched a berth in the postseason was 2010. Three of Belichick’s Patriots titles (2014, 2016, 2018) have come since then.

This post appeared first on USA TODAY

Whatever college football teams participate in the Pop-Tarts Bowl this year better be hungry for more than a win.

The game, which will be played Dec. 28 in Orlando, Florida, will feature the first edible mascot, Pop-Tarts announced Monday. The winner of the matchup will revel in celebration by eating a very large toaster treat. No word yet on what flavor it will be.

The Pop-Tarts mascot is an extension of the company’s ‘Agents of Crazy Good’ campaign, which created characters based off classic flavors like Frosted Strawberry and Brown Sugar Cinnamon. They appear in television commercials, social media content and at events.

‘For sixty years, Pop-Tarts has sacrificed everything in the name of Crazy Good flavor, so why wouldn’t that include our beloved football mascot, too?’ Heidi Ray, Pop-Tarts senior director of marketing, said in a statement. ‘Since we announced our title sponsorship of the Pop-Tarts Bowl, fans have been speculating on the larger-than-life game day experiences we will be tackling, and this is the first of many traditions that fans can expect Pop-Tarts to upend on game day.’

This is the first year Pop-Tarts will be the title sponsor of a college football bowl game. The game was established in 1990 in Miami as the Blockbuster Bowl. It has featured teams from the ACC, Big 12 and Notre Dame. The event moved to Orlando in 2001 as the Visit Florida Tangerine Bowl and has spent time as the Champs Sports Bowl, Russell Athletic Bowl and, most recently, the Cheez-It Bowl.

The teams who get to compete for the Pop-Tarts feast will be revealed Dec. 3 when all bowl game selections are announced.

This post appeared first on USA TODAY