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The State Department on Sunday updated its travel advisory for Iraq to include the ordered departure of all non-emergency U.S. government personnel and eligible family members.

Americans are warned ‘do not travel to Iraq due to terrorism, kidnapping, armed conflict, civil unrest, and Mission Iraq’s limited capacity to provide support to U.S. citizens.’

On Oct. 20, the State Department already ordered the departure of eligible family members and non-emergency U.S. government personnel from U.S. Embassy Baghdad and U.S. Consulate General Erbil ‘due to increased security threats against U.S. government personnel and interests.’ 

In recent days, Iran-backed militias attacked United States military bases in Iraq. Iran has warned that an Israeli ground incursion into Gaza could spark an escalation from allied armed groups and a possible regional war. Hundreds of Iraqi protesters gathered at the western Trebil border crossing near Jordan Friday in a demonstration organized by the Coordination Framework, an alliance of Iran-backed Shia political groups and militias in Iraq.

The pro-Iran coalition also called for a protest in Baghdad near the main gate of the highly fortified international zone, where the U.S. Embassy is located, to condemn its endorsement of Israel in the ongoing war with Hamas, according to The Associated Press.

‘U.S. citizens in Iraq face high risks to their safety and security, including the potential for violence and kidnapping. Terrorist and insurgent groups regularly attack Iraqi security forces and civilians. Anti-U.S. militias threaten U.S. citizens and international companies throughout Iraq,’ the State Department advisory for Iraq says. ‘Attacks using improvised explosive devices, indirect fire, and unmanned aerial vehicles occur in many areas of the country, including Baghdad and other major cities. In an emergency, consular services to U.S. citizens in Iraq are limited due to severe restrictions on the movements of U.S. government personnel.’

The State Department also warns that demonstrations, protests and strikes occur frequently throughout the country, often interrupting traffic, transportation and other services, and sometimes turning violent.

‘Do not travel near Iraq’s northern borders due to the continued threat of attacks by terrorist groups, armed conflict, aerial bombardment and civil unrest,’ the advisory continues. ‘U.S. citizens should especially avoid areas near armed groups in northern Iraq, which have been targeted with aerial strikes by neighboring countries’ militaries.’

Because of security concerns, U.S. government personnel in Baghdad are instructed not to use Baghdad International Airport, the advisory says. 

Due to risks to civil aviation operating in the Baghdad Flight Information Region, the Federal Aviation Administration (FAA) has extended for an additional two years its Special Federal Aviation Regulation (SFAR) prohibiting certain flights at altitudes below 32,000 feet.

Americans who go against the State Department warning and do travel to Iraq are advised to draft a will and discuss assets with family members beforehand. 

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

Israel’s version of the FBI has reportedly launched a new unit dedicated to tracking down and killing every Hamas terrorist who took part in the surprise Oct. 7 attacks from Gaza. 

The Israel Security Agency, known as Shin Bet, established a new unit known as NILI, an acronym in Hebrew for ‘The Eternity of Israel Will Not Lie,’ according to the Jerusalem Post.

The new unit, which will operate separately from other command and control units focused on taking out strike cells and high-ranking Hamas officials, is tasked with tracking down and eliminating every person who played a role in the atrocities, according to the report. 

It will specifically target members of a special Hamas commando unit within the terror organization’s Nukhba wing. which Israel believes carried out the attacks.

Those assigned to the unique mission reportedly include both field operatives and intelligence personnel.

Israeli forces have claimed to have killed several Hamas commanders in recent days as they continue their strikes on the Gaza Strip. Among them are Ali Qadhi, a commander within the Hamas Nukhba force considered a key player in the attack on the border region, as well as Billal Al Kedra, who Israeli forces say led Hamas’ deadly raid in Nirim.

More than 20 towns and villages in southern Israel were ambushed in the sweeping assault by Hamas militants launched from the Gaza Strip on Oct. 7, according to The Associated Press. More than 1,400 people in Israel have been killed in Hamas’ initial assault, and roughly 200 others are said to have been taken to Gaza as hostages. 

The Associated Press contributed to this report. 

This post appeared first on FOX NEWS

Over the past six trading days, NVDA has fallen from a high of 476.09 to Friday’s low of 410.78. That’s a drop of 65.31, or nearly 14%, in just over one week. Would it make sense to take advantage of this selling? Well, like any other stock, NVDA is subject to overall market headwinds or tailwinds. Currently, there are plenty of headwinds and there are also reasons to believe these headwinds will persist in the very near-term. I discussed the current environment in an article I published earlier today, “Odds Favor Further Selling This Week (Maybe a LOT of it)”. Be sure to check it out. Part of trading and/or investing success boils down to preparation. For those interested in NVDA, check out its 20-year seasonality chart from 2003 to 2022:

Do you notice that the probability of monthly gains spikes in the second month of each calendar quarter – February, May, August, and November? Those are the four most likely calendar months that we’ll see gains in NVDA. And how about those average monthly returns? To summarize, here’s how the average returns break down by calendar quarter months:

1st month of calendar quarter (Jan, Apr, Jul, Oct): +2.5%2nd month of calendar quarter (Feb, May, Aug, Nov): +30.1%3rd month of calendar quarter (Mar, Jun, Sep, Dec): +5.5%

NVDA has been a tremendous performer, actually one of the best-performing stocks of this century. But did you know that the second calendar month of each calendar quarter is responsible for most of those gains? There’s one reason for this bullish timing on NVDA – earnings! NVDA typically reports earnings in February, May, August, and November. And earnings drive prices. There’s a TON of NVDA accumulation (by big Wall Street firms) heading into earnings each quarter. That’s why we see those crazy returns when we compare the 1st, 2nd, and 3rd months of calendar quarters. Knowing this type of information can be a real game changer for traders, wouldn’t you agree? Don’t you feel like your odds of winning trades on NVDA just improved?

I’m a stock market history buff. If you want to learn more about the stock market and how it operates, you MUST understand history and historical tendencies. It’s what I discuss in my FREE pdf report, “Money Flows”. Use THIS LINK to download your copy NOW – and for FREE!

Happy trading!

Tom

I’ve been looking for the market to bottom for several weeks. But the trading environment has shifted to a new gear; a cautionary one.  On the other hand, this sudden shift in sentiment may signal that a climactic selloff, often a prelude to a new uptrend, may be close at hand. Fingers crossed.

Markets correct in two ways: via falling prices or through time via lengthy and painful consolidations. The current market had been in a time correction until last week when the bearish interest environment and the rising hostilities in the Middle East pushed bullish and neutral traders over to the bearish side.

You can see this happening in the market’s breadth (more on that below), and in the dearth of sectors that are in uptrends. An even more cautionary sign is the Cboe Volatility Index ($VIX) crossing above 20, a sign that bearish sentiment is rising to new levels.

As a result, it makes sense to focus on cash, build a shopping list, and look well off the beaten path for stocks in areas of the market that may still provide some upside even as interest rates choke off much of everything else.

Subscribers to Joe Duarte in the Money Options have been well positioned for this market via these five time-tested steps:

Raising cash via positions that hit sell stops;Hedging of portfolios;Keeping position size small;Looking for relative strength in offbeat areas of the market andBuild a shopping list for when conditions improve.

Energy Has the Momentum, For Now

The energy sector remains a bright light in an otherwise dimming market. This is especially evident in large-cap oil, oil exploration and production, and natural gas stocks.

The two representative ETFs that illustrate this point best are the iShares Oil & Gas Exploration & Production ETF (IEO) and the First Trust Natural Gas ETF (FCG).

Both price charts are intuitively bullish, given their current uptrends, their trading near their recent highs, and the bullish rise in both Accumulation/Distribution (ADI) and On Balance Volume (OBV). Moreover, seasonal tendencies, as winter approaches and the rapidly evolving developments in the Middle East support higher prices in crude oil. In addition, disruptions in the oil supply resulting from the Israel-Palestinian conflict could lead to more money moving into natural gas companies as the liquified natural gas (LNG) market heats up again.

On the other hand, if these strong sectors roll over, it would signal that a full-blown market correction is unfolding.

I recently posted two new energy stock trades at JoeDuarteintheMoneyOptions.com. Have a look with a Free Trial here.

Off The Radar Interesting Stuff

Sometimes, it pays to look well beyond the mainstream, especially during geopolitical stress. Global commerce isn’t going anywhere despite the macro trend of relocating factories and supply chains to friendly neighbors (friend-shoring/near-shoring). That’s because some universal commodities are grown in specific parts of the world and not others—think coffee, cocoa, and yes, oil and natural gas.

That brings the global shipping industry to the forefront. The mainstream view, which leaders in the shipping industry support, is that times are about to get worse for the sector. Many in the industry are forecasting a global recession as they moan about falling contract rates and rising costs.

Yet a look at the SonicShares Global Shipping ETF (BOAT) shows that investors have been putting money to work in the sector. Granted, it’s a niche play and a small ETF with only $20 million in assets while trading in very low volumes. Moreover, it’s important to note that the stocks in this ETF are not household words and that sellers may gain the upper hand if the market climate fully sours.

For example, the ETF’s biggest holding is Japanese shipper Kawasaki Kisen Kaisha Ltd, which is not US traded. The only US-based company in its top holdings is Honolulu-based Matson Inc. (MATX), whose shares have had a decent run over the last few months and have recently entered a consolidation pattern.

Certainly, even as its stock has done well, MATX is not without risk as the company provides shipping and logistics along the Trans-Pacific sector and services to Hawaii, Alaska, and Guam. The most recent earnings report beat expectations but also sounded a cautionary note, focusing on the economic risks of an economic downturn in the U.S. and other potential problems involving the Chinese economy.

The flip side is that shipping costs will rise if a protracted war further disrupts the global supply chains and that companies like Matson will have pricing power.

My point in highlighting BOAT and Matson is not to recommend their shares but to illustrate the lengths investors may have to go to, especially the allowances to risk that may be required to uncover sectors and companies which may be worth considering in the current times.

Join the smart money at JoeDuarteintheMoneyOptions.com. You can look at my latest recommendations FREE with a two week trial subscription.

And for frequent updates on real estate and housing, click here.

Incidentally, if you’re looking for the perfect price chart set up, check out my latest YD5 video, where I detail one of my favorite bullish setups.  This video will prepare you for the next phase in the market. 

Market Breadth and Broader Indexes Test Major Support as Oversold Levels Near; VIX Breaks Above 20

The NYSE Advance Decline line (NYAD) has struggled to climb above its 200-day moving average while remaining above its March and May bottoms. Unfortunately,  looks as if we’re heading for a test of the March lows as the May support level has given way.  A break below the March and May bottoms, as highlighted by the trend lines on the chart, would be doubly bearish.  On the other hand, any further weakness in NYAD would lead to an oversold reading in the RSI (circled area), which could be the final washout of this correction.

The Nasdaq 100 Index (NDX) broke below its 50-day moving average decisively and is testing the bottom of a major VBP support level (marked by the trend line).  ADI and OBV both turned lower as selling pressure built. Again, as with SPX below, RSI is nearly oversold.

The S&P 500 (SPX) fell below its 200-day moving average and entered an important support level of 4150 and 4250 (highlighted by trend lines based on VBP bars).  ADI and OBV turned lower, signaling rising selling pressure.

VIX Crosses Above 20, Signaling Rising Fear  

The VIX has finally crossed above the important 20 level, which has kept the bears in check up to now.  If this is not reversed, it will likely cause more trouble in the next few days to weeks.

When the VIX rises, stocks tend to fall as its rise signifies that traders are buying large volumes of put options.  Rising put option volume from fearful traders leads market makers to sell stock index futures to hedge their put sales to the public.  A fall in VIX is bullish as it means less put option buying, and it eventually leads to call buying, which causes market makers to hedge by buying stock index futures, raising the odds of higher stock prices.

To get the latest information on options trading, check out Options Trading for Dummies, now in its 4th Edition—Get Your Copy Now! Now also available in Audible audiobook format!

#1 New Release on Options Trading!

Good news! I’ve made my NYAD-Complexity – Chaos chart (featured on my YD5 videos) and a few other favorites public. You can find them here.

Joe Duarte

In The Money Options

Joe Duarte is a former money manager, an active trader, and a widely recognized independent stock market analyst since 1987. He is author of eight investment books, including the best-selling Trading Options for Dummies, rated a TOP Options Book for 2018 by Benzinga.com and now in its third edition, plus The Everything Investing in Your 20s and 30s Book and six other trading books.

The Everything Investing in Your 20s and 30s Book is available at Amazon and Barnes and Noble. It has also been recommended as a Washington Post Color of Money Book of the Month.

To receive Joe’s exclusive stock, option and ETF recommendations, in your mailbox every week visit https://joeduarteinthemoneyoptions.com/secure/order_email.asp.

I’ve been watching the Volatility Index ($VIX) for years and it provides us a number of very important signals. One of those signals is BE CAREFUL when the VIX moves from the teens and into the 20s. In my experience, moving from 13 to 15 isn’t the same as moving from 19 to 21. We saw the latter last week and, if history is any guide, we need to be very cautious as we approaching this week.

History of VIX Moving Above 20

We’ve had plenty of bouts with fear rising, even during the past 10-11 years of secular bull market action. Yes, I believe we remain solidly in a secular bull market. I’ve said it repeatedly, because that’s what I believe and what I see in my longer-term signals. You may not agree with me, and that’s fine, but I do have conviction. Without conviction of the Big Picture, the market’s ups and downs will make investing/trading emotionally exhausting. “We’re in a bull market! No, now we’re in a bear market!” One day, the sky is falling. The next day, we have glorious sunshine. How do you cope with it? Well, it’s having a solid grasp of how the stock market works. Fear comes and goes and it’s measured in multiple ways. Today, let’s focus on the VIX.

The escalation of fear is what drives very rapid acceleration in selling. If you study history, you’ll see that every significant selloff this century has coincided with a VIX reading that soars above 20. But not every move above 20 results in a major selloff. Not only do we need to be aware when the VIX moves through 20, but we also need to realize that we’re at a very important juncture short-term. In my opinion, the current secular bull market began on April 10, 2013, when the S&P 500 cleared previous price tops in 2000 and 2007. Here’s the chart that validates what I believe was the start of the current secular bull market:

The red-shaded area represents the last secular bear market, where we literally had no new highs on the S&P 500 for 13 years. I believe it’s rather obvious to see that we’re now in an uptrend, despite several major bumps in the road. Since that 2013 breakout, I count 36 times that the VIX has broken from the teens to above 20, signaling rising fear that we need to be aware of. Of the prior 35 occurrences, 23 resulted in almost immediate bottoms. That is, in roughly 2 out of 3 occurrences, the VIX trip above 20 marked a significant bottom. Let me provide you several 2019 examples in the following chart:

The VIX trips above 20 didn’t last and, essentially, that initial close above 20 marked the S&P 500 bottom. But, in approximately one-third of these jumps through 20, the VIX signals us something more serious in the near-term. Here’s an S&P 500 chart since the trade war days of Q4 2018, highlighting the more serious VIX warnings above 20:

These examples were much more serious and selling escalated rapidly. Avoiding that short-term carnage would make a huge difference in a trader’s account. By the way, keep in mind that the current secular bull market has withstood all 35 prior occurrences. On Thursday and Friday of last week, the VIX jumped to close back above 20. But is this latest spike in fear going to result like 23 of the prior such jumps and mark the bottom now? Or will the fear continue to escalate and send prices lower rapidly? Well, there are no guarantees, but I believe it’s prudent to believe that the odds of prices tanking this week, at least for a couple days, is stronger than 33%.

I have two reasons that support this notion of lower prices in the week ahead.

Bearish Technical Price Action

We only need to look at the S&P 500 daily chart to see the technical issues present at Friday’s close:

The VIX breaking above 20 is a warning sign, but I believe it’s more important that the S&P 500 closed on its low on Friday on increasing volume. This is NOT capitulation. In fact, it reeks of further selling ahead, until we see capitulation. Selloffs can be MUCH more brutal when price support is lost with a VIX above 20. So technical issues are telling me to be very careful.

Historical Bearishness

Next week is the absolute WORST week of the year historically, dating back to 1950 on the S&P 500. While the S&P 500’s average annual returns are approximately +9% over the past 73 years, check out the following annualized returns by calendar day on the S&P 500 over those same 73 years:

October 22nd (today): -90.58%October 23rd (Monday): -5.14%October 24th (Tuesday): -32.64%October 25th (Wednesday): -36.65%October 26th (Thursday): -56.01%October 27th (Friday): -24.27%

Those numbers are a far cry from the S&P 500’s average annual return of +9%.

And if you think things are better historically on the NASDAQ, think again. Here are the annualized returns by calendar day on the NASDAQ since 1971:

October 22nd (today): -58.57%October 23rd (Monday): -46.02%October 24th (Tuesday): -64.64%October 25th (Wednesday): -25.00%October 26th (Thursday): -106.39%October 27th (Friday): -78.14%

Now I’m not providing any guarantees about price action next week. Rather, I’m talking about tendencies and probabilities. The VIX is screaming at us to be very careful, price action is suggesting lower prices ahead, and history shows very bearish tendencies in the week ahead. Personally, I do not ignore those warning signs.

The Silver Lining

The primary silver lining for me is that every important signal I follow says this weakness will be short-lived and that the current secular bull market will return stronger than ever. The track record of these signals has been very strong for a decade. The other silver lining, however, is that historical tendencies will soon flip to the side of the bulls. I’ll be providing some of those bullish historical clues in our free EB Digest newsletter over the next few weeks. EVERYONE should know these tendencies. And if you’d like IMMEDIATE access to a special FREE Money Flows report and receive additional clues in our EB Digest newsletter, CLICK HERE to download this report right now!

Happy trading!

Tom

U.S. pharmacy chain CVS Health said on Thursday it is pulling some of the most common decongestants with phenylephrine as the only active ingredient from its shelves and will no longer sell them.

The move comes after a panel of advisers to U.S. health regulators raised doubts over the efficacy of the ingredient.

Last month, the panel refused to back the effectiveness of oral over-the-counter medicines made with phenylephrine, adding that no more trials were required to prove otherwise.

CVS said “other oral cough and cold products will continue to be offered to meet consumer needs.”

Phenylephrine was substituted for pseudoephedrine in many non-prescription cold and allergy medicines after the latter was restricted amid reports of abuse.

Phenylephrine is a major component used in some of popular products like Benadryl, Sudafed, GSK’s Advil and Kenvue’s Tylenol.

This post appeared first on NBC NEWS

Business travel is clawing its way back to 2019 levels as Covid-19 concerns largely recede. But as tighter abortion restrictions and anti-LGBTQ laws proliferate, some employers and event organizers are weighing a new set of threats to employees’ safety outside the office.

Dozens of states have slashed abortion access since the Supreme Court overturned Roe v. Wade, and more than 180 bills restricting LGBTQ rights are advancing in statehouses nationwide. Many such moves have drawn criticism on political and civil rights grounds, with companies and event organizers threatening state boycotts akin to the one that led North Carolina to scrap its 2016 anti-transgender bathroom law.

But lately, conservative “anti-woke” messaging has made many companies more hesitant to publicly ally themselves with progressive causes. Some are now taking a quieter approach to mitigating risks, business travel planners and human resources experts say.

“We think critically about who we are sending where and ask employees if they’re comfortable going to a state that has demonstrated they are not inclusive towards people with certain identities,” said Cierra Gross, CEO of Caged Bird HR, a consultancy firm. “We could be putting someone’s physical and psychological safety on the line in some of these states.”

We think critically about who we are sending where and ask employees if they’re comfortable going.

Cierra Gross, CEO of Caged Bird HR

While civil rights groups (and the Canadian government) have issued advisories warning of risks from the legislation, some travel industry groups and local advocates have pushed back against boycotts, arguing they hurt hospitality workers and minority businesses owners and rarely change policies. Last month, California lawmakers voted to repeal a ban on state workers using public funds to travel to 26 states with anti-LGBTQ policies, replacing it with a public awareness campaign.

In an April survey, the expense platform SAP Concur found 82% of LGBTQ+ business travelers had changed accommodations at least once in the past 12 months because they felt unsafe, compared with 70% of U.S. business travelers overall and 53% of those globally.

For many workers, these concerns are nothing new — many have long had to be extra mindful of their safety with little to no employer support. For companies and travel managers, though, there’s now a growing “sense of importance and urgency” to revisit their policies, said Charlie Sultan, president of Concur Travel.

The last time that happened on a broad scale was when Covid-19 hit, pushing business to review the policies supporting what’s known as their “duty of care” to keep employees safe on the job.

While most businesses now have protocols to handle Covid exposures, some are just starting to wrestle with other scenarios: What if a pregnant employee has a medical emergency while traveling in an anti-abortion state? Or a trans employee faces a confrontation someplace without public accommodation protections for gender identity?

Lauren Winans, CEO of Next Level Benefits, an HR consultancy firm, said some of her corporate clients have started maintaining lists of potentially problematic destinations for workers to visit. Others are adopting no-retaliation policies “that allow employees to express concerns, establish boundaries or refuse travel” to certain areas, she said.

The construction bidding platform PlanHub is “thoroughly assessing potential risks tied to the legal and political landscape in various regions,” said Kimberly Rogan, the company’s chief of staff and head of people operations. “We’ve refined our guidelines to inform employees about these factors better and to provide clear instructions on how to navigate them.”

These efforts coincide with a broader post-pandemic focus on mental and physical health and safety, said Daniel Beauchamp, head of global business consulting for Europe, the Middle East and Africa at American Express Global Business Travel.

As those concerns become the “front and center of corporate consciousness,” some U.S. and international employers are taking “a more nuanced” approach to their duty of care, he said.

But HR professionals say few of the businesses taking these steps are broadcasting them publicly, and the shift is far from universal.

Many companies don’t operate extensively across state borders or rely much on business travel. And it’s often impossible to untangle an employer’s duty of care concerns from its political values — which can cut both ways anyhow. Some conservative groups and companies have long asked meeting planners to book gatherings in like-minded states, and vice versa for liberal ones.

Certain areas say they’re seeing pullback due to the new laws even as business travel rebounds.

Between May — the month Florida Republican Gov. Ron DeSantis expanded what critics termed a “Don’t Say Gay” law — and mid-September, more than 17 groups cited “current Florida politics” and safety as reasons for not booking conventions in Greater Fort Lauderdale and Broward County, despite a local reputation for inclusiveness, according to the Visit Lauderdale tourism group.

That list includes the National Sales Network, the American Specialty Toy Retailing Association, the University of Southern Mississippi and others, said Visit Lauderdale CEO Stacy Ritter. She estimated the community has lost out on more than $98 million in revenue.

“This is not an economic issue where you can offer a group more money to help underwrite their conference,” said Ritter. If people feel unwelcome in the state, she said, “there’s very little you can do.”

A spokesperson for DeSantis dismissed concerns about lost business travel as “nonsense,” saying “Florida’s economy is booming,” with the state hosting a quarterly record of nearly 38 million visitors at the start of this year.

This post appeared first on NBC NEWS

Republican presidential candidate and Florida Gov. Ron DeSantis said he would rescind student visas of foreign nationals in the U.S. and send them back to their home countries if they expressed support for Hamas terrorists’ attack against Israel.

Speaking at a campaign event in Iowa on Friday, the White House hopeful discussed his plans to remove Hamas-supporting foreign nationals attending U.S. colleges and universities from the country as many pro-Palestinian student groups at various institutions across the nation release statements and organize demonstrations endorsing Hamas’ largest attack against Israel in decades.

‘You see students demonstrating in our country in favor of Hamas,’ DeSantis said. ‘Remember, some of them are foreigners.’

DeSantis said he will be ‘canceling your visa, and I’m sending you home’ if he wins the presidency in 2024.

Fellow Republican presidential candidate and South Carolina Sen. Tim Scott said at the same event in Iowa that, if elected president, he would withhold Pell Grants from universities that failed to eliminate antisemitism on their campuses.

Both presidential contenders voiced their support for Israel as the war between the Jewish State and Hamas continues after more than three weeks of violence.

More than 5,700 people have been killed in Gaza and Israel since Hamas’ attack against Israel on October 7, leading to retaliatory action from Israeli forces. Thousands more have been wounded, and many others have been taken hostage by Hamas and raped, tortured and murdered.

DeSantis has been vocal in condemning Hamas’ surprise attack on Israel and has taken action to help Floridians stranded in Israel find their way home.

Last week, the governor announced that nearly 300 Floridians arrived in the Sunshine State on flights from Israel following his executive order authorizing logistical, rescue and evacuation operations through Florida’s Division of Emergency Management. The flights were completed through a partnership with the search and rescue non-profit group Project DYNAMO, and efforts for further evacuation flights to Florida are expected.

The Florida Division of Emergency Management also sent cargo planes to Israel containing medical supplies, clothing items, hygiene products and children’s toys, according to the governor’s office.

DeSantis called students voicing support for Hamas a ‘total disgrace’ earlier this month after at least dozens of student groups at various U.S. academic institutions, including Harvard University, endorsed Hamas’ attacks on Israel through public statements and protests, even as many of the universities themselves condemned the acts of terrorism.

Shortly after the attack on October 7, Harvard Palestine Solidarity Groups released a statement signed by about 30 student organizations that read, ‘We, the undersigned student organizations, hold the Israeli regime entirely responsible for all unfolding violence.’

Students for Justice in Palestine chapters and other pro-Palestinian student groups at many other universities, including George Washington University, the University of Virginia and the University of California, Berkley, also released similar statements on the weekend of Hamas’ attack.

The statement by the Harvard Palestine Solidarity Groups was later deleted after student organizations began removing their signatures amid bipartisan backlash and some CEOs demanding the names of the students who signed it.

Many other pro-Palestinian student groups at institutions across the U.S. still have their statements posted online and continue to participate in protests celebrating Hamas’ attack.

Other Republican lawmakers have also called for canceling the visas of foreign nationals who support Hamas and deporting them back to their home countries.

Sen. Marco Rubio, R-Fla., said the Biden administration should rescind visas of foreign nationals who defend or support Hamas and Sen. Tom Cotton, R. Ark., urged the Department of Homeland Security to deport foreign nationals, including those on student visas, who have expressed support for Hamas in the wake of the terror attack on Israel.

DeSantis has also said he does not support accepting refugees from Gaza who wish to evacuate the violence in the region.

‘I don’t know what [President] Biden’s gonna do, but we cannot accept people from Gaza into this country as refugees,’ DeSantis said at a campaign event earlier this month.

‘I am not going to do that,’ he added. ‘If you look at how they behave, not all of them are Hamas, but they are all antisemitic. None of them believe in Israel’s right to exist.’

Scott and other Republicans have slammed the Biden administration’s response to Hamas attacks against Israel as well. The South Carolina senator said during a speech in Washington, D.C., earlier this month that the president has ‘blood on his hands.’

This post appeared first on FOX NEWS

The race for the speaker’s gavel got even more complex Friday after Rep. Jim Jordan, R-Ohio, dropped out of the race and a number of Republicans jumped in.

One candidate with favorable backing is Majority Whip Tom Emmer, R-Minn., who announced his candidacy Friday.

Emmer has already scored a major endorsement from ex-Speaker Kevin McCarthy, R-Calif., who was ousted more than two weeks ago by eight Republicans voting with House Democrats.

It’s unclear whether Emmer will succeed where Jordan and House Majority Leader Steve Scalise, R-La., failed — convincing the various factions within the GOP to unite around his leadership.

‘He is the right person for the job. He can unite the conference,’ McCarthy said. ‘He understands the dynamics of the conference. He also understands what it takes to win and keep a majority.’

‘Our Conference remains at a crossroads, and the deck is stacked against us. We have no choice but to fight like hell to hold on to our House majority and deliver on our conservative agenda,’ Emmer told Republican members of Congress in a letter Saturday about his bid for the speaker’s gavel.

Emmer said he would use teamwork, communication and respect to build on the success Republicans had taking back the House majority in 2022 and scoring legislative wins.

Allies of Emmer also pointed to his ability as a fundraiser. Emmer brought in $9.2 million for House races in the 2022 election cycle, including more than $3.1 million for the National Republican Congressional Committee, which he led at the time. Emmer has raised $7.6 million so far in 2023 for the 2024 election cycle.

Emmer faces a potential roadblock to his nomination from the hard-right side of the Republican caucus. Some reports have indicated former President Trump — who endorsed Jordan for speaker — is whipping members against voting for Emmer. It is unclear how this would affect the House speaker race.

Emmer is an attorney, former hockey player and coach, a father of seven and the No. 3 GOP lawmaker in the House this Congress.

He assumed the whip position from Steve Scalise, R-La., now the House majority leader — who also happened to be the GOP speaker nominee before Jordan.

Holding the position after leading the NRCC in the last election cycle, Emmer says he is a ‘team guy’ from a ‘big hockey factory.’

The House majority whip said he learned to negotiate through his work as an attorney, but starting a youth hockey team in Delano, Minnesota, in the 1990s is where he cut his teeth in the art of getting people to work together.

‘And we literally started because I recognized you’ve got all these competing entities, much like you have in Congress,’ Emmer said. ‘I had to become a member of the local Youth Hockey board. Then I had to become a member of the board that ran the ice arena, so we could control our own ice time.

‘Then I had to become a member of the District Hockey Board that was in charge of the region that our community was part of. Then I had to become part of … Minnesota Hockey, which is under the umbrella of USA Hockey. Why? Because we had to get them all talking to each other.’

Thirty years later, Emmer said, the program in the town that ‘was not recognized in the sport at all’ is consistently making state championships.

The House majority whip was first bitten by the political bug in the early 1990s when Emmer, an attorney at the time, and wife Jackie were living in an old converted country hotel with ‘200-year-old’ oak and maple trees in the front yard. The local public works team marked trees to be removed for a new road the next day.

The whip said his wife was ‘devastated’ by the development because you ‘just don’t get stuff like that in town,’ and Emmer called the mayor, a farmer, who drove to the congressman’s property at 10 p.m. ‘in his old, beat-up Cadillac Fleetwood’ and put his lights on the trees.

The mayor whipped out his cellphone and called the head of public works to save the trees by moving the road 80 feet into the farm field.

‘And after he did that, I was like, ‘Oh, well, this is the way it works,’ because the next thing that came was a sewer line that I didn’t need,’ Emmer said. ‘We had two acres, we had a young family and I was getting assessed tens of thousands of dollars for a sewer that I didn’t need and I didn’t want.

‘And that’s literally what got me involved running.’

Emmer’s candidacy comes after Jordan failed in his third bid for the speaker’s gavel.

House Republicans are starting from scratch to select a new candidate for speaker after Jordan was voted out of the race.

A deep roster of Republicans emerged as potential candidates to lead the House immediately after a closed-door House GOP vote on whether to keep Jordan as speaker designate.

Republicans are expected to meet behind closed doors Monday evening for a candidate forum before a conference-wide election via secret anonymous ballot on Tuesday.

Fox News Digital’s Elizabeth Elkind contributed reporting.

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The Pentagon said China adopted ‘more dangerous, coercive and provocative’ actions in the Indo-Pacific this year — as well as ‘risky’ intercepts against U.S. aircraft in the region.

The Department of Defense released its annual report on China’s military power this week, warning that the People’s Republic of China views its ‘no limits’ partnership with Russia as ‘integral’ to advancing its development and emergence as a ‘great power.’

China aims to become a ‘national power’ and achieve ‘the great rejuvenation of the Chinese nation’ by 2049, the Pentagon said.

Officials said the People’s Republic of China is ‘the only competitor to the United States with the intent and, increasingly, the capacity to reshape the international order.’

In order to achieve the ‘great rejuvenation,’ the report states China’s strategy is a ‘determined pursuit of political, social, and military modernity to expand the PRC’s national power, perfect its governance, and revise the international order in support of the PRC’s system of governance and national interests.’

‘The PRC views the United States as deploying a whole-of-government effort meant to contain the PRC’s rise, which presents obstacles to its national strategy,’ the report states.

The report also warns that the PRC has adopted ‘more dangerous, coercive and provocative actions in the Indo-Pacific region.’

‘For example, between the fall of 2021 and fall of 2023, the United States documented over 180 instances of PLA coercive and risky air intercepts against U.S. aircraft in the region,’ the report states. ‘Over the same period, the PLA also conducted around 100 instances of coercive and risky operational behavior in the air domain against U.S. allies and partners.’

China is also strengthening its ‘strategic deterrent,’ and is working to modernize, diversify and expand its nuclear forces, the report states. It is also working to develop its cyberspace, space and counter space capabilities.

As for China’s ambitions in Taiwan, the Pentagon said the PLA last year increased ‘provocative and destabilizing actions in and around the Taiwan Strait, including ballistic missile overflights of Taiwan, increased flights into Taiwan’s self-declared air defense identification zone, and large-scale simulated joint blockade and simulated joint firepower strike operations.’

The Pentagon also warned of China’s ‘no limits’ partnership with Russia, saying Beijing views that relationship as ‘integral to advancing the PRC’s development and emergence as a great power.’

‘Nevertheless, Beijing has attempted a discreet approach to providing material support to Russia for its war against Ukraine,’ the report states.

Meanwhile, the report states that China’s PLA has ‘largely denied, cancelled and ignored recurring bilateral U.S.-PRC military-to-military engagements and DOD requests for communication at multiple levels.’

‘DOD is committed to maintaining open lines of communication with the PRC to ensure competition does not veer into conflict,’ the report states.

The Pentagon said that while it continues to monitor China’s evolving military strategy, the United States, along with allies and partners, ‘will continue to urge the PRC to be more transparent about its military modernization program.’

‘The Department remains focused on the operational concepts, capabilities and resources necessary for meeting this pacing challenge,’ the report states.

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