Archive

2023

Browsing

A federal judge Wednesday ordered Texas to remove floating buoys from the Rio Grande no later than Sept. 15.  

Gov. Greg Abbott deployed the buoys in July to curb the flow of illegal immigrants to the state. The plan was part of the Republican governor’s broader Operation Lone Star. 

Texas installed the buoy barrier near the border town of Eagle Pass, with anchors in the riverbed. Eagle Pass is part of a Border Patrol sector that has seen the second-highest number of migrant crossings this fiscal year with about 270,000 encounters — though that is lower than it was at this time last year.

The buoys brought a swift legal challenge from the U.S. Justice Department, which accused Texas of putting a barrier on the international boundary without permission. President Joe Biden’s administration also said the water barrier raised humanitarian and environmental concerns.

The bright-orange, wrecking ball-sized buoys have created a water barrier longer than a soccer field on a stretch of river where migrants often try crossing from Mexico. Texas also has installed razor wire and steel fencing on the border, while also empowering armed officers to arrest migrants on trespassing charges.

Abbott said his administration planned to appeal Wednesday’s decision by U.S. District Judge David Ezra. 

‘Today’s court decision merely prolongs President Biden’s willful refusal to acknowledge that Texas is rightfully stepping up to do the job that he should have been doing all along. This ruling is incorrect and will be overturned on appeal,’ Abbott said in a statement. ‘We will continue to utilize every strategy to secure the border, including deploying Texas National Guard soldiers and Department of Public Safety troopers and installing strategic barriers. 

‘Our battle to defend Texas’ sovereign authority to protect lives from the chaos caused by President Biden’s open border policies has only begun. Texas is prepared to take this fight all the way to the U.S. Supreme Court.’

The Associated Press contributed to this report. 

This post appeared first on FOX NEWS

The House Oversight Committee is launching a probe into a ‘series of aviation and rail safety failures’ on Transportation Secretary Pete Buttigieg’s watch.

‘These failures indicate a recent and disturbing pattern of failures at the Department placing…the safety of Americans at risk,’ the committee’s Republican majority wrote to Buttigieg Tuesday. 

‘Therefore, we request a briefing, documents, and communications related to the Department’s efforts to investigate and remediate these issues to protect the safety of all Americans.’

Committee Chair James Comer, R-Ky., cited nine specific train derailments involving hazardous or flammable materials that occurred between November 2022 and June 2023. 

The letter also named nine aviation issues, including several near-collisions and incidents at Alabama’s Montgomery Regional Airport and San Antonio International Airport that caused the deaths of ground crew members there. 

‘Data collected by the Federal Aviation Administration (FAA) and DOT Federal Railroad Administration indicates that there were 1,730 runway incursions in 2022 and approximately 2,000 rail incidents reported nationwide, including approximately 1,310 derailments and 146 collisions,’ the committee said in a press release

Lawmakers are urging Buttigieg and his Transportation officials to hand over information on all incidents that have resulted in death, injury or financial damage, including any such communications between the department and President Biden’s White House.

‘The safety failures have eroded the public’s confidence in air and rail safety and necessitates thorough investigation,’ the Republicans wrote. 

They are urging Buttigieg and his Transportation officials to hand over information on all incidents that have resulted in death, injury or financial damage, including any such communications between the department and President Biden’s White House. 

Comer also called on the department to provide the Oversight committee with a staff-level briefing by Sept. 19. 

The scrutiny came on the same day that chaos briefly broke out in airports across the country as United Airlines flights were forced to issue a ground stop over computer server issues.

‘We are experiencing a systemwide technology issue and are holding all aircraft at their departure airports. Flights that are already airborne are continuing to their destination as planned,’ United said in a statement on Tuesday before the issues were resolved hours later.

This post appeared first on FOX NEWS

I have a parliamentary crystal ball for how September may go on Capitol Hill.

That doesn’t mean I have many answers.

Like most crystal balls, they are limited in their accuracy. They won’t give you the full story. But they will absolutely nail some aspects.

No. The crystal ball cannot definitively predict whether the government will shut down Oct. 1, the start of the federal fiscal year. In fact, information from the crystal ball surrounding that very question is especially cloudy.

THE HITCHHIKER’S GUIDE TO MCCONNELL’S HEALTH AND A POTENTIAL GOVERNMENT SHUTDOWN

Impeachment of President Biden? Or Homeland Security Secretary Alejandro Mayorkas? Or Attorney General Merrick Garland?

Just as hazy.

But the crystal ball does forecast the following:

The Senate will advance a few individual appropriations bills in the coming weeks. And House Speaker Kevin McCarthy, R-Calif., will try to advance a fig leaf, interim spending package that appeases the right. The House Freedom Caucus and other conservative members will demand various provisions that either trim spending, address the border or wrestle with potential impeachment. 

McCarthy’s bill won’t actually be what Congress settles on to fund the government. In fact, one can’t even technically call it a ‘Continuing Resolution’ or ‘CR’ if it cuts funding or addresses ancillary issues important to Republicans. By its nature, a CR sustains funding at present levels so the government doesn’t shutter. But McCarthy will have made his point.

However, what’s murky in the crystal ball is whether McCarthy and House Republicans can later digest a CR from the Senate that doesn’t address any of their priorities just to keep the government funded.

However, the crystal ball is crystal clear about one thing: If the House doesn’t eventually swallow a bipartisan CR from the Senate, there will be a government shutdown.

That’s as definitive as anything we’ve drawn from the crystal ball.

So, here are some of the machinations surrounding a potential government shutdown and possible funding measures over the next four weeks.

The Senate is back from its summer recess a full week ahead of the House. Senate Majority Leader Chuck Schumer, D-N.Y., notes that the Senate cleared 12 appropriations bills in committee before the recess. So, he’ll deposit three of those on the floor soon.

‘All 12 appropriations … have been reported out of the committee with bipartisan support. Some of them, many of them, were with unanimous, bipartisan support,’ said Schumer. ‘Now, that doesn’t mean everyone agreed on everything. It sometimes means something more important. It means that disagreements haven’t paralyzed the process.’

Schumer scored backup from Senate Minority Leader Mitch McConnell, R-Ky.

‘Congress needs to address our nation’s most pressing needs with timely appropriations. And we need to keep the lights on come Oct. 1,’ McConnell said.

Before the recess, the full House OK’d only one of its 12 spending measures. So, this is a chance for the Senate to get ahead of the House and inoculate it from criticism it hasn’t passed any appropriations bills.

But Schumer understands the stark reality. No matter what, the solution to averting a government shutdown is for the House and Senate to pass some sort of interim spending bill that keeps the federal lights on for a few weeks, if not a couple months. And the only tangible recipe to make that work? A Band-Aid bill can only pass with a coalition of Democrats and Republicans.

McCarthy doesn’t need a crystal ball to understand that a bipartisan, temporary bill is the route too. He’s indicated to House Republicans a stopgap bill is necessary right away, asserting that the GOP will fight for deep spending cuts with the ‘real’ bills later.

But McCarthy hasn’t addressed something else that is clear in the crystal ball. It remains unsaid because it’s politically radioactive: A clean CR likely requires a substantial chunk of Democratic votes in the House. In fact, it may score far more Democratic votes than GOP votes.

‘We all agreed a CR is the best way to go,’ Schumer said of a meeting he had with McCarthy about government funding. ‘He’s going to have a rough time implementing it.’

That’s why a clean CR with substantial Democratic support is politically the most malignant bill to McCarthy.

House conservatives will bray if McCarthy defaults to that position – even if he goes through the proper motions to appeal to the right on impeachment, spending cuts or border policy. However, McCarthy likely needs to embrace some of these appeals by the right if he wants to stay in good graces with the House Freedom Caucus.

But the second McCarthy dials back from those positions …

If he dials back from those positions …

That’s why the crystal ball can’t predict if there might be a government shutdown.

This boils down to the math.

The current breakdown in the House features 222 Republicans to 212 Democrats with one vacancy. In other words, Republicans can only lose four votes from their side and still pass a bill without Democratic assistance. More Democrats voted for the debt ceiling pact with President Biden in the spring than Republicans. And conservatives haven’t let McCarthy forget it.

But it gets worse for the GOP.

House Majority Leader Steve Scalise, R-La., could miss some time for his cancer treatments. And Rep. Chris Stewart, R-Utah., resigns effective Sept. 15. So, that could mean Republicans are effectively operating with only 220 members. That drops the GOP margin to three votes.

The biggest roadblock for putting any piece of legislation on the House floor is what’s known as the ‘rule.’ The House Rules Committee is the gateway for most bills to get to the floor. The Rules Committee and the entire House must first adopt a ‘rule’ before considering legislation. The rule determines the parameters for debate on a given bill. But if the Rules Committee or entire House fails to approve a rule, the bill can’t come up for debate.

This could be nettlesome for McCarthy with Ralph Norman, R-S.C., Chip Roy, R-Texas, and Thomas Massie, R-Ky., serving on the Rules Committee.

That said, there is a way to skate around the Rules Committee on a CR that simply renews all old funding on a temporary basis.

The House can bypass the Rules Committee by putting a ‘privileged’ Continuing Resolution on the floor after Sept. 15. ‘Privileged’ means the resolution is written in a manner that whisks it to the front of the legislative line. 

Granted, such a ‘privileged’ CR is subject to multiple points of order on the floor. That could be messy enough. But such an option to skip a step does exist in the House quiver.

Will that scenario unfold?

The crystal ball has not even considered the ‘privileged’ CR option because it is obscure.

So, what’s going to happen? I have no idea. And frankly, neither does the crystal ball.

I asked the crystal ball about its future in congressional soothsaying.

The response? Foggy at best.

This post appeared first on FOX NEWS

In this edition of StockCharts TV‘s The Final Bar, guest Ari Wald, CFA, CMT of Oppenheimer & Co. shows how energy stocks are taking a leadership role, with high beta sectors still outperforming low volatility defensive stocks. Host David Keller, CMT tracks the latest downswing and describes a potential A-B-C correction lower for the S&P 500 index.

This video originally premiered on September 6, 2023. Watch on our dedicated Final Bar page on StockCharts TV, or click this link to watch on YouTube.

New episodes of The Final Bar premiere every weekday afternoon LIVE at 4pm ET. You can view all previously recorded episodes at this link.

With Labor Day weekend behind us, it’s time to get back to the business of following the stock market.

As the broader stock market indexes show signs of a September slowdown, crude oil is grabbing attention. And when crude oil prices rise, prices at the pump go higher. This isn’t great for your wallet. According to a Financial Times report, gas prices in the UK saw a huge jump in August. Gas prices rose in other countries in Europe and Asia, as well as in the US. In addition to the rise in crude oil prices, refining costs will also play a role in rising gas prices, as Saudi Arabia plans to extend production cuts to the end of the year. So, it’s not a stretch to expect gas prices to continue rising until the end of the year.

Bottom line: Energy companies and refiners will benefit from the price rise. It may be worth creating an energy-focused ChartList of stocks that look strong from a technical perspective.

One energy company that made it to the StockCharts Technical Rank scan is Diamondback Energy (ticker symbol: FANG). You can find the scan at the end of the article.

All Eyes on the Energy Sector

Before jumping into FANG, it may be worth looking at the state of the oil market. The Energy Select Sector SPDR Fund (XLE) is a good proxy for the energy sector. The chart of XLE below shows that, since August 24, the ETF’s price has been rising. On September 5, XLE hit a 52-week high, but gave up some of the gains to close near the low of the day. XLE looked like it was pulling back, but on the next day, September 6, the ETF showed some signs of strength. The overall trend in XLE is still up.

CHART 1: ENERGY IS LOOKING UP. After moving sideways from March to July, XLE started to trend higher and picked up momentum.Chart source: StockCharts.com (click chart for live version). For educational purposes.

The Energy sector can be a barometer of the overall market, particularly as we approach the colder months. A cold winter could mean increased demand for energy, especially in Europe. And if the US economy continues to be resilient and demand for energy increases, it would fuel the oil price rally.

But how much higher is healthy? If crude oil gets close to its 2022 highs—between $120 and $130 per barrel—it may be time to tread cautiously. Crude prices can impact inflation—energy costs go into the production and transportation of most products. If crude prices get too high, airline and transportation companies will feel the pressure.

Oil price still has some ways to go before crude prices get overstretched. Crude oil ($WTIC) trades just below $90 per barrel.

Does that mean investing in energy stocks such as Diamondback Energy is worth considering? Let’s look at the daily chart of FANG.

CHART 2: DIAMONDBACK ENERGY IS CORRELATED WITH OIL PRICES. The stock is in an uptrend, it has a high SCTR score, and its relative strength relative to the S&P 500 is increasing.Chart source: StockCharts.com (click on chart for live version). For educational purposes.

The stock has had a good run since mid-June. The stock has been trending higher, with higher highs and higher lows. It’s been trending higher with the support of its 21-day exponential moving average. Its SCTR ranking has crossed above 70, and the stock’s relative strength against the S&P 500 ($SPX) has been trending higher. It’s in positive territory, which means Diamondback Energy is outperforming the S&P 500.

Overall, the stock looks like a potential long-term play. One concern is that the stock is relatively close to its all-time high. On the StockChartsACP platform, you can add the Distance To Highs indicator to see how far away price is from a specific high. In the chart below, FANG is 2.18% from its 52-week high.

CHART 3: FANG IS GETTING CLOSE TO ITS 52-WEEK HIGH. The stock could pull back or continue moving higher. Chart source: StockChartsACP. For educational purposes.

What’s a Good Entry Point?

One point of view is that if the stock price pulls back to its 21-day EMA and bounces off that level on strong volume, it could be a valid entry point. Another point of view is that the stock price could continue higher and reach its 52-week high. If that happens, it shows the strength of the stock, and the price could continue higher from there, reaching a new high.

Of course, price movement depends on the price of crude oil, so keep an eye on the macros if trading Diamondback or any other energy company. An added benefit to investing in energy stocks is the dividends.

How do you know if a stock is likely to pay dividends?

Click on Symbol Summary page in StockCharts.com. You can access it from Your Dashboard > Member Tools or from Charts & Tools.Enter FANG in the symbol box.The Summary panel will display the dividend payout. Remember, dividends aren’t guaranteed, but this gives you an idea of how much you could expect per share.

Final Thoughts

Whether you wait for a pullback and get in at a lower price or enter a trade as the stock trends higher, Diamondback Energy could be a stock worth owning.

SCTR Crossing Scan

[country is US] and [sma(20,volume) > 100000] and [[SCTR.us.etf x 76] or [SCTR.large x 76] or [SCTR.us.etf x 78] or [SCTR.large x 78] or [SCTR.us.etf x 80] or [SCTR.large x 80]]

Credit goes to Greg Schnell, CMT, MFTA.

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.

On July 5th, Mish wrote an article called “Sell in July and Go Away? Calendar Range Reset”.

In that article, she noted, “should IWM fail to clear the calendar range high and worse, break down under a new 6-month calendar range low[…] it would be hard to think NASDAQ can sustain current levels.”

July 19th so far, marks the top of the market.

Yesterday, we featured the retail sector through the ETF XRT. This sector represents the major shopping habits of Americans, or 68% of the GDP. One could argue that, despite the headwinds, the consumer is holding up.

One could also argue that, while true, for how long can that really go on?

In asking those questions, we also examined the charts. Our conclusion? XRT, while significantly underperforming the benchmark, has yet to convincingly break down, or breakout for that matter.

The small-caps through the ETF IWM are performing better than XRT. However, while IWM is well below the July 6-month calendar range high, it remains well above the calendar range low at 180.72. In other words, we are still in correction mode rather than bear market mode.

Retail can sour the markets more, of course. And growth, which has outperformed value, exemplifies the weaker retail sector, yet stronger tech sector. Nonetheless, today we turn our attention to Nasdaq to see if this has indeed seen the best of the rally and is poised for lower levels.

With Tesla, Nvidia and Apple all down between 2-4% in today’s session, QQQs are approaching a huge support area. The QQQ chart right now has a few key aspects based on our MarketGauge proprietary indicators.

The Phase: Bullish, as the 50-DMA (blue) is above the 200-DMA (green) while the price trades above both MAs.Fast MA: With today’s action, QQQs are holding the MA (pink). Interesting that the fast MA is in alignment with the 50-DMA.Calendar Ranges: QQQ could not clear above the July 6-month calendar range high (horizontal green line). However, it is well above the July 6-month calendar range low (red line). Real Motion: QQQs momentum is weakening and shows a bearish divergence sitting under the 50-DMA, while price remains above its 50-DMA Leadership: QQQ has outperformed the SPY since late August, although it is failing the dotted Bollinger Band.

Put this all together and we have solid reasons why growth is supreme over value. We also have some palpable resistance at the July 6-month calendar range highs that, until it clears, means with the weaker momentum, there is the possibility QQQs could test the July calendar range low.

The best we can say now is this is a technical correction.

It certainly could turn into more downside, especially if the retail and small caps fall much further. Likewise, if this is merely a correction, then we ought to see a better bounce from current levels very soon. But, until either scenario plays out, QQQs are rangebound.

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

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.

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

Get your copy of Plant Your Money Tree: A Guide to Growing Your Wealth and a special bonus here.

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

“It seems like everybody is cutting back their [oil] production to keep prices higher,” Mish says in this video from CMC Markets. She kicks off her commodities roundup with a look at US oil benchmark West Texas Intermediate (WTI) before moving on to natural gas and gold.

Mish talks her “Worst, Best, and Next” trades in this video from Business First AM.

Mish explains why she’s cheerful about the markets in this August 29th appearance on Business First AM.

Mish and Chuck discuss the small caps and why they could rally from here on Money Life with Chuck Jaffe.

Mish served as guest host for the Monday, August 28 edition of StockCharts TV’s The Final Bar! Mish puts her own spin on the Market Recap, starting with the indices and then exploring sectors using her “Economic Modern Family” analysis. She then sits down with Keith Schneider for an insightful interview. Keith discusses topics such as agricultural commodities, biotechnology, and volatility.

Mish and Charles discuss a secular bear market in bonds and why gold could outshine expectations in this appearance on Fox Business’ Making Money with Charles Payne.

Mish and Paul Gruenwald discuss soft landings, recession, inflation, GDP and China on Yahoo Finance.

Mish looks at a selection of popular instruments and outlines their possible direction of travel in this appearance on CMC Markets.

Mish talks NVDA and “Trading the Weather” in these two appearances on Business First AM.

Coming Up:

September 7: Singapore Breakfast Radio, 89.3 FM & Wolf Financial Twitter Spaces & CNBC Asia

September 12: BNN Bloomberg & Charting Forward, StockCharts TV

September 13: Investing with IBD podcast

October 29-31: The Money Show

ETF Summary

S&P 500 (SPY): 440 support, 458 resistance.Russell 2000 (IWM): 185 pivotal, 190 has to clear.Dow (DIA): 347 pivotal.Nasdaq (QQQ): 363 support, over 375 looks better.Regional banks (KRE): Another modern family member struggling here under 44.Semiconductors (SMH): 150-161 range to watch.Transportation (IYT): Broke the calendar range low along with XRT; not so healthy.Biotechnology (IBB): Compression between 124-130.Retail (XRT): 62.90 the July calendar range low broke down, along with IYT — 2 negative signs.

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

Stocks surged in the second half of August with several ETFs breaking out of corrective patterns, such as falling flags or falling wedges. Even though September is a seasonally weak month, these breakouts are bullish until proven otherwise. Today’s commentary will analyze the breakout in the Technology SPDR (XLK).

The Key to the Breakout in XLK

The chart below shows XLK in a long-term uptrend. The Trend Composite turned positive in early February and is currently at +5. This means all five inputs are on bullish signals (Bollinger Bands, CCI, StochClose, Keltner, SMA Direction). The Trend Composite is part of the TIP indicator edge plugin for StockCharts ACP. Click here to learn more.

XLK hit a 52-week high in July and then corrected into mid August with a falling wedge. As discussed at TrendInvestorPro, this pattern is typical for pullbacks within bigger uptrends. XLK broke out of this wedge on August 23rd and then surged 2% on August 29th with a long white Marubozu candlestick. These candlesticks reflect a strong advance from open to close because they have no tails.

This candlestick holds the key to the August breakout and immediate uptrend. A strong advance and breakout should hold. A close below 169 would negate the August 29th surge and the August breakout. The blue dashed lines show the alternative pattern at work (a rising flag). A break below 169 would confirm the rising flag and signal a continuation of the prior decline (mid July to mid August).

Check out the Chart Trader report at TrendInvestorPro for more on these breakouts. Tuesday’s report covered the breakouts in SPY and QQQ, seasonal patterns for the next three months and several trading setups. Symbols include XLV, IBB, JETS, IHI, AMD, AZN, CSX, ORLY and PAYX. Last week we covered the breakouts in gold, several tech-related ETFs and stocks. Click here for immediate access.

—————————————

A judge ruled on Tuesday that Georgia may resume enforcing its ban on hormone replacement therapy for transgender youth, putting the judge’s previous order blocking the ban on hold.

The ruling comes after a federal appeals court granted neighboring Alabama the ability to enforce a similar restriction last month and as GOP-led states across the country seek to prohibit gender transition treatment for people under 18-years-old. At least 22 states have enacted laws restricting or banning transgender treatment for minors and most of these states have been sued.

Attorneys for the state of Georgia had asked Judge Sarah Geraghty to vacate the preliminary injunction after the ruling in Alabama’s case, which came a day after Geraghty issued her initial ruling.

Geraghty did not go as far as to vacate her earlier decision but said that keeping her injunction in place was not possible after the ruling on Alabama’s law by a three-judge panel of the 11th Circuit Court of Appeals, which includes Georgia. The judge instead issued a stay on her injunction ahead of a possible rehearing of the Alabama case before a larger panel of the court’s judges.

The Georgia attorney general’s office spokesperson Kara Richardson said in a statement that the office applauds the ruling and ‘will continue fighting to protect the health and well-being of Georgia’s children.’

Attorneys for the plaintiffs said they were disappointed ‘primarily for the families who are unable to get the care they need in Georgia or make medical decisions based on the best interest of their children.’ They also emphasized that their legal fight was not finished.

The ruling last month in Alabama’s case said the state may impose a ban on puberty blockers and hormones for transgender minors.

Georgia’s Senate Bill 140 allows doctors to prescribe puberty-blocking medication, and children who are already receiving hormone therapy can continue. However, new patients under 18 are prohibited from beginning hormone therapy. The law, which went into effect on July 1, also bans most gender-affirming surgeries for transgender children.

Geraghty granted a preliminary injunction blocking Georgia’s law on August 20 after parents of transgender children and a community organization filed a lawsuit challenging the ban.

The judge said In her decision last month that the transgender children who sought the injunction faced ‘imminent risks’ from the ban, including depression, anxiety, eating disorders, self-harm and suicidal thoughts. Geraghty said the risks outweighed any harm an injunction would pose to the state.

The 11th Circuit judges who ruled on Alabama’s law said states have ‘a compelling interest in protecting children from drugs, particularly those for which there is uncertainty regarding benefits, recent surges in use, and irreversible effects.’

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

–>

Florida state Sen. Tom Wright, a Republican, allegedly ‘aggressively’ put his hand on a domestic violence shelter worker, according to an incident report from the Daytona Beach Police Department, but the lawmaker recalls the incident differently.

Women domestic violence survivors and their children were boarding a school bus for a field trip Saturday afternoon as counselors from the Department of Children and Families and other domestic violence state employees were on a tour with Wright.

The bus driver was preparing to depart when a woman observed Wright approaching the bus, the incident report said, according to Fox 35. 

‘Excuse me, sir. You may not board the bus full of survivors and children,’ the woman told him, adding that they deserve safety and anonymity and that it is her job to protect them.

Wright informed her that he was not going to get on the bus and was not attempting to speak with the survivors, according to the report. He said he wanted to speak with the bus driver.

The woman told police that Wright spoke to her in ‘an aggressive manner’ and placed his hand on her shoulder. 

‘Do not put your hands on me,’ she told him, and he backed away from her, according to the report. She also accused him of lunging at her multiple times and getting in her face in an effort to intimidate her.

Another worker attempted to intervene, but the woman told police she still felt threatened.

A request to have Wright trespassed from the property was later granted, as police officers issued a warning prohibiting the senator the property until further notice.

Another witness told police she saw Wright approach the bus but did not see him physically touch the woman. This witness also recalled seeing Wright with his arm extended, but could not remember what happened afterward. The witness said Wright aggressively approached the woman and refused to de-escalate the situation, according to the report.

Wright left the property before police were able to talk to him, but officers found him at a nearby store. He told officers he approached the bus to speak with the driver when the woman began to yell at him that he was not allowed on the bus, the report said. He said the woman continued to scream at him as he attempted to explain that he was not getting on the bus.

The woman was getting in his face, the senator said, so he put a hand on her shoulder to tell her that he was not about to get on the bus. He said she told him not to touch her and she walked away.

Another witness said they observed Wright placing his hand on the woman’s shoulder to tell her he was not going to get on the bus.

The woman who accused Wright of ‘aggressively’ putting his hands on her refused medical treatment and would not allow officers to take a photo of her shoulder because there were no visible injuries, according to the report.

The incident remains under investigation.

This post appeared first on FOX NEWS

–>

Former Vice President Mike Pence argues that former President Donald Trump ‘and some of his imitators in the Republican primary’ are walking away from core conservative values.

It’s a charge the former vice president made in an interview with Fox News Digital on the eve of a highly-billed speech Pence will deliver on Wednesday titled ‘Populism vs. Conservatism: Republicans’ Time for Choosing.’

Pence will give his address at Saint Anselm College’s New Hampshire Institute of Politics, a must-stop for White House hopefuls in the state that holds the first primary and second overall contest in the GOP presidential nominating calendar.

‘I think we have a very clear choice that’s emerging, not just between candidates but between a philosophy of governance, and Republicans are facing a Republican time for choosing,’ Pence emphasized during his Fox News interview at a campaign stop in New Hampshire.

‘Time for choosing’ is a clear nod to the late President Ronald Reagan, who famously used the line in a 1964 speech in support of conservative Barry Goldwater’s presidential bid. That address has long been seen as a key moment in Reagan’s transformation from Hollywood actor to politician, and eventually president and conservative icon.

Pence’s speech in New Hampshire comes three weeks ahead of the second GOP presidential nomination debate, a Fox Business hosted showdown that will be held at the Ronald Reagan Presidential Library in Simi Valley, California

‘I really do believe that we’re in the midst of a healthy debate in the Republican Party today – whether or not we’re going to continue to hue towards that time honored conservative agenda of a strong national defense, American leadership in the world, limited government, fiscal responsibility, traditional values, and the right to life, or whether we’re going to follow the siren song of populism away from many of those same timeless conservative principles,’ Pence argued.

Pence said he aims to use his address ‘to frame that for people. I want people to know that I’m not only offering what I believe is a campaign that brings my experience and my record in the Congress and as governor and as Vice President to bare, but also I want people to see me as the most proven, consistent, conservative in this race and I’ll lead this party and I’ll this country back to those principles that have always made our country strong and free.’

It’s a message Pence first spotlighted during a speech at conservative Heritage Foundation last October in which he warned of the rise of populism in the GOP.

As he launched his 2024 White House campaign during a speech in June in Iowa, Pence highlighted the competing visions for the future of the Republican Party, and emphasized that the GOP must be the party of the Constitution.

The former vice president is currently polling in the single digits — along with most of the rest of the large field of contenders — in the latest GOP nomination polls, far behind his former running mate. Trump, who’s making his third straight White House run, is the commanding front-runner right now in the Republican nomination race.

Pence, a former representative and Indiana governor whom Trump picked as his running mate seven years ago, highlighted that ‘when Donald Trump ran in 2016, he ran on a promise that we would governor as conservatives. And we did. For four years we rebuilt our military, we cut taxes, we rolled back regulations, unleashed American energy, and appointed conservatives to our courts at every level.’

‘But now, the former president and some of his imitators in the Republican primary make no such promise,’ Pence said, as he pointed to Trump and some of the other 2024 GOP presidential contenders.

One of his rivals Pence was likely referring to is Vivek Ramaswamy, a 38-year-old multimillionaire biotech entrepreneur and first-time candidate who’s seen his standing in the polls rise as he runs as an outsider and leading Trump defender.

Since the two candidates repeatedly clashed at last month’s first GOP presidential nomination debate, the 64-year-old Pence has taken aim at Ramaswamy’s apparent fluidity on a number of issues, from his tax proposal to Russian’s war on Ukraine, to the Sept. 11, 2001 terrorist attacks. 

But top Pence campaign aides, speaking with reporters on the eve of the former vice president’s address, emphasized that Wednesday’s speech isn’t about targeting any single candidate and is much broader in scope.

‘Mike is trying to take a stand to remind our party of the value of conservatism,’ an aide said.

Trump, thanks to his dominance over the GOP the past eight years, has dramatically reshaped the party, fueling the base with working class support, and to a degree replacing conservative dogma with a more populist and nationalist agenda.

But Pence campaign aides argued it’s not too late to make the case for conservatism. 

And the former vice president, in his Fox News Digital interview, highlighted that ‘I believe that the majority of Republican primary voters, I believe the majority of Americans, know that the commitment to a strong national defense, American leadership, fiscal responsibility, and traditional values is an American agenda that will make our country more prosperous and more secure and more free.’

Get the latest updates from the 2024 campaign trail, exclusive interviews and more at our Fox News Digital election hub.

This post appeared first on FOX NEWS