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Mississippi must join most other states in allowing religious exemptions from vaccinations that children are required to receive so they can attend school, a federal judge has ruled.

U.S. District Judge Sul Ozerden handed down the decision Monday in a lawsuit filed last year by several parents who say their religious beliefs have led them to keep their children unvaccinated and out of Mississippi schools. According to the lawsuit, some of the plaintiffs are homeschooling their children, while others have family or work connections in Mississippi but live in other states that allow religious exemptions for childhood vaccinations.

Ozerden set a July 15 deadline for the Mississippi State Department of Health to allow religious exemptions. The state already allows people to apply for medical exemptions for a series of five vaccinations that are required for children to enroll in public or private school. The immunizations are against diphtheria, tetanus and pertussis; polio; hepatitis; measles, mumps and rubella; and chickenpox.

Mississippi does not require COVID-19 vaccinations.

The only states without religious or personal belief exemptions for school immunization requirements are California, Connecticut, Maine, Mississippi, New York and West Virginia, according to the National Conference of State Legislatures.

In response to questions from The Associated Press on Tuesday, health department spokesperson Liz Sharlot declined to say whether the department will appeal the judge’s ruling. She did not say whether the department has an estimate of how many people might seek religious exemptions from vaccinations.

‘The Mississippi State Department of Health continues to support strong immunization laws that protect our children,’ Sharlot said. ‘Beyond that, it is our long-standing policy that the Agency does not comment on pending litigation.’

The lawsuit, funded by the Texas-based Informed Consent Action Network, argued that Mississippi’s lack of a religious exemption for childhood vaccinations violates the U.S. Constitution.

‘The State of Mississippi affords a secular exemption to those with medical reasons that prohibit vaccination, reflecting that it can accommodate students that are unvaccinated,’ the network said in a statement. ‘It has simply chosen to not accord an exemption when it is someone’s immortal soul that a parent believes would be at risk.’

One of the families who are plaintiffs in the lawsuit believe ‘God has created humans with functioning immune systems that were well designed to counteract threats,’ the lawsuit said, adding that they only seek out medication ‘when an intervention is clearly necessary.’

Mississippi once had a religious exemption for childhood vaccinations, but it was overturned in 1979 by a state court judge who ruled that vaccinated children have a constitutional right to be free from associating with their unvaccinated peers, the lawsuit said.

Over the last several years, Mississippi legislators have rejected proposals to allow religious exemptions for childhood vaccinations. Health officials have argued that allowing more exemptions could lead to the spread of preventable diseases.

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Republican Texas Congressman Lance Gooden announced Tuesday his endorsement of former President Donald Trump in his effort to win back the White House in 2024 despite what he said was a ‘positive’ meeting with Republican Florida Gov. Ron DeSantis.

‘I met with Governor DeSantis, and while he has done commendable work in Florida, there is no doubt in my mind that President Trump is the only leader who can save America from the leftist onslaught we are currently facing,’ Gooden said in a press release.

‘President Trump is a tireless fighter, a champion of American jobs, a guardian of our economy, and a bulwark against the relentless invasion of our borders by illegal immigrants. He unyieldingly supported our military and veterans, and bravely stood up to the dangerous socialist agenda propagated by the radical left,’ he said. 

‘I wholeheartedly endorse President Donald J. Trump for the 2024 presidential election and vow to fight alongside him to reclaim our country from the leftist forces that threaten to destroy it. Together we will ensure a prosperous and secure future for our great nation,’ he added.

Gooden is the latest in a long line of members of Congress to endorse Trump in recent days, including Sen. Marsha Blackburn, R-Tenn., Sen. Bill Hagerty, R-Tenn., Rep. Greg Steube, R-Fla., and Rep. Diana Harshbarger, R-Tenn., among others.

DeSantis is reportedly mulling his own run for the White House, but has not yet said whether he will officially launch a campaign.

Polls have shown Trump as the clear front-runner in the race, far ahead of his already declared opponents, former U.N. Ambassador Nikki Haley, former Arkansas Gov. Asa Hutchinson, businessman Vivek Ramaswamy and businessman Perry Johnson, as well as potential opponents DeSantis, and former Vice President Mike Pence.

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Lawmakers in Iowa’s Senate passed a controversial bill Tuesday that would allow minors to work longer hours and work in currently banned roles, like serving alcohol at restaurants, the Des Moines Register reported.

Supporters of the bill — mainly Republicans — said it would give children valuable opportunities to work and get paid, whereas opponents — largely Democrats — said it would harm children.

Although two Republicans defied their party and voted against the bill with Democrats, the measure still passed 32-17 in the GOP-controlled Senate. The bill requires approval from the Republican-controlled House and from Republican Gov. Kim Reynolds to become law.

The bill would allow kids under 16 to work up to six hours a day, which is two more hours than currently allowed for that age group. It would also allow 16- and 17-year-olds to serve alcohol at restaurants, with written permission from their parent or guardian.

‘Ultimately, parents and kids will decide if they want to work or not,’ Reynolds has said favorably about the bill. ‘It teaches the kids a lot. And if they have the time to do it and they want to earn some additional money, I don’t think we should discourage that.’

The U.S. Department of Labor’s top lawyer, Seema Nanda, disagreed, saying it is ‘irresponsible for states to consider loosening child labor protections.’

Democrats and labor unions echoed that sentiment, saying the bill would increase the chance of workplace accidents and injuries among youth.

The Biden administration this month urged U.S. companies to make sure they aren’t illegally hiring children to perform dangerous jobs, after an investigation found more than 100 kids working overnight and handling hazardous equipment — like skull splitters and bone saws — for a company that cleans slaughterhouses across the country.

The Labor Department says it has more than 600 child labor investigations underway, and officials are concerned about the exploitation of children, particularly migrants who may not even have a parent in the United States.

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A bipartisan bill designating carjacking as a criminal offense and creating harsher penalties for people who use a weapon to steal a vehicle received final approval in the Wisconsin Legislature on Tuesday.

Passage by the Assembly sends the bill to Democratic Gov. Tony Evers, who has said he supports the measure. The Senate passed it last month on a bipartisan 23-8 vote. Evers earlier this month signed into law a Republican-sponsored bill to crack down on reckless driving.

The Republican-controlled Legislature has moved quickly this year to pass stricter criminal penalties after the GOP made rising crime rates an election issue in the 2022 midterm.

Currently, someone who uses force or threatens force to steal a vehicle can be charged with operating a vehicle without the owner’s consent. The bill passed Tuesday would formally recognize that crime as carjacking.

Under the bill, someone who uses a weapon to steal a vehicle would be guilty of the second-highest level felony in the state and could be sentenced to up to 60 years in prison. Currently, the maximum sentence is up to 40 years in prison and a fine of up to $100,000.

People who are charged with stealing a car by force without using a weapon would still face up to 15 years in prison and a maximum fine of $50,000 under the bill.

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Pornography websites that don’t require their users in Louisiana to present proof of age, such as by uploading their license, could face fines of $5,000 a day under a bill advancing in the House.

Lawmakers in the Louisiana House overwhelmingly approved the measure on Monday and sent it to the Senate for consideration. The legislation would allow the state’s Attorney General to investigate and fine pornographic websites that do not comply with the state’s recently enacted age verification law.

‘In preparation for this bill today, I went to one of the largest non-compliant porn sites, so I could tell you exactly what non-compliance to age verification looks like. With only one click I was able to access hardcore pornography on the landing page alone, depicting acts of incest, sexual assault, rape, and sex with minors,’ said Rep. Laurie Laurie Schlegel, the Republican sponsoring the bill.

The bill is a companion to a law that went into effect at the start of this year, which requires adult websites to screen their visitors using ‘reasonable age verification.’ The new law applies to websites, where at least one-third of their content is pornographic material considered ‘harmful to minors.’

Certain adult websites, including Pornhub, began using LA Wallet — which can maintain a copy of a Louisiana resident’s digital driver’s license, as well as vaccination records, virtual court appearances and hunting and fishing licenses. LA Wallet’s system simply tells a third-party verification company whether or not the user is at least 18 years old, The Advocate reported.

Schlegel, who also sponsored last year’s law, said she created the legislation to ‘protect children from the dangers of online pornography.’

While people can sue companies that aren’t complying, Schlegel said her new legislation is meant to address websites that have ‘simply disregarded’ the law.

‘I know that many of you have heard me say, ‘This isn’t your daddy’s Playboy’ —- but, heck. This isn’t even the Hustler you hid underneath your bed … what we’re discussing today is hardcore pornography that is one click away from our children,’ said Schlegel, who is a sex addiction therapist.

Those skeptical of the bill raised privacy concerns and fears of initially broad language. But by the end of the debate, most lawmakers agreed on the bill, which passed 101-1. The sole opposing vote was from Democratic Rep. Mandie Landry. The legislation will move to the Senate to be assigned to a committee for further discussion.

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EXCLUSIVE: Republican South Dakota Gov. Kristi Noem took firm action over the weekend to strengthen the Second Amendment rights of people in her state, signing an executive order on stage during her address to the annual National Rifle Association convention to stop what she called ‘discriminatory action’ against those rights.

Speaking with Fox News Digital immediately after signing of the order, the rumored 2024 presidential candidate stressed the need to ‘lead by example’ when it came to the Second Amendment, and shared what was on her mind as she mulls a potential run for the White House.

‘We’ve recently seen in this country that banking institutions are discriminating against firearm companies or ammunition companies. So what I did was sign an executive order that would prevent the state of South Dakota from doing any business with financial institutions that would do that type of discriminatory action against our Second Amendment rights,’ Noem said when asked about the order she signed in front of the thousands of NRA convention attendees.

‘It’s incredibly important that we set and lead by example. And this executive order is one way that we can do that to continue to stand for constitutional rights of the people in our state right now,’ she said.

In addressing the numerous recent deadly shootings snatching headlines across the country, Noem argued there were laws already in place needing to be enforced that she said would protect citizens and ensure the safety of children. 

‘Now, it’s more important than ever that those of us who value this country, that they value what our founders gave us as our rights to continue to defend them and to explain why they’re in place. They’re in place so a normal, everyday citizen has the chance to deter a corrupt government that would come in and take away their ability to provide for their families,’ she said.

When asked about the rumors swirling around the possibility she might launch a campaign for president, Noem said she wasn’t going to announce a decision just yet, but instead said she saw a country ‘desperate for a president’ that would fight for the values and principles America was built on.

‘I’m looking for an individual like that. I hope that people in this country are as well, because now more than ever, we’re seeing federal government come in and take away our ability to even conduct business, to raise our families as we see fit and to use our values that we were raised with,’ she said. 

‘I do think that it’s important that we keep our eye on the ball and make sure that we have the best individuals stepping forward to take on that role because we’ve got some big fights ahead and we need to make sure that we have a president who will hang in there with us,’ she added.

Concerning the 34 felony falsification of business records charges facing Trump in a New York court, Noem described them as ‘unprecedented action,’ and argued district attorney Alvin Bragg was ignoring the statute of limitations on the former president’s alleged crimes.

‘It’s clearly all politics. You know, I’m sure President Trump will go through the process and will come out recognizing that these kinds of attacks can be withstood and that he will continue to work for the people in this country,’ she said.

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After recent price cuts and low expectations of only $.85 per share or a 20% drop since a year ago, many eyes will watch Tesla (TSLA) after the close.

Tesla, always controversial, can either beat those low expectations and provide a low risk buy opportunity against major moving averages,

Or

With Musk on a call shortly thereafter the numbers are published, he can just as easily talk the price down.

Regardless, it is always about the expectations and forward guidance, regardless of how many analysts chime in ahead of time with their predictions. That and, of course, the price charts.

The first chart is a Daily timeframe. The divergence between momentum and price is most interesting. While our Real Motion says bullish phase and the indicator sits right on the 50-daily moving average, the price says bearish phase.

A move over the 50-DMA in price or 192.50 would be compelling based on the better momentum. On the weekly chart, price is better than momentum.

The $177 level is big support to hold based on the 200-WMA. Momentum is in a bearish phase, while price is in a caution phase. Hence, a move over 192.50 could take price up to around 215 next. Under 177, and we could see 120-125 just as easily.

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

IT’S NOT TOO LATE! Click here if you’d like a complimentary copy of Mish’s 2023 Market Outlook E-Book in your inbox.

“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

Mish presents two stocks to look at in this appearance on Business First AM — one bullish, one bearish.

Mish joins David Keller on the Thursday, May 13 edition of StockCharts TV’s The Final Bar, where she shares her charts of high yield bonds, semiconductors, gold, and regional banks.

Mish joins Wolf Financial for this Twitter Spaces event, where she and others discuss their experiences as former pit traders.

Mish shares her views on natural gas, crude oil and a selection of ETFs in this appearance on CMC Markets.

Mish talks what’s next for the economy on Yahoo! Finance.

Mish joins Bob Lang of Explosive Options for a special webinar on what traders can expect in 2023!

Rosanna Prestia of The RO Show chats with Mish about commodities, macro and markets.

Mish and Charles Payne rip through lots of stock picks in this appearance on Fox Business’ Making Money with Charles Payne.

Coming Up:

April 19th: Closing Bell on Cheddar TV

April 20th: Benzinga Pre-Market Prep

April 24-26th: Mish at The Money Show in Las Vegas — two presentations and a book giveaway

April 28th: Live Coaching Complete Trader and TD Ameritrade with Nicole Petallides

May 2nd-5th: StockCharts TV Market Outlook

ETF Summary

S&P 500 (SPY): Tight range to watch this week, 412-415.Russell 2000 (IWM): 170 support-180 resistance.Dow (DIA): Peeking over the 23-month MA 336; impressive if holds.Nasdaq (QQQ): 312 support over 320 better.Regional banks (KRE): 41.28 March 24 low held, now has to clear 44.Semiconductors (SMH): 258 resistance with support at 250.Transportation (IYT): 219-228 the wider range to watch.Biotechnology (IBB): 130 major pivotal area-135 resistance.Retail (XRT): 58-64 trading range to break one way or another.

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

On this episode of StockCharts TV’s Sector Spotlight, I evaluate the current state of the Sector Rotation Model. Each quarter, I take the elements of the Model, as described by Sam Stovall, and use the charts of four macroeconomic indicators and the monthly RRG to determine where the economic cycle is positioned, and what that suggests for the S&P 500 moving forward. After dissecting the sector rotation model, Julius does a quick take on current asset allocation, highlighting the crucial levels for Bitcoin and the USD.

This video was originally broadcast on April 18, 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. You can also check out the video on the StockCharts TV on-demand website StockChartsTV.com, or on the associated app on mobile platforms like iOS and Android, or TV platforms like Roku, Apple TV, Amazon Fire TV and Chromecast.

Sector Spotlight airs weekly on Tuesdays at 10:30-11:00am ET. Past episodes can be found here.

#StaySafe, -Julius

Fox Corp. can most likely weather even the harshest financial penalty that could come from Dominion Voting Systems’ lawsuit, analysts say.

The blockbuster trial — originally set to begin in a Delaware court on Monday before being unexpectedly delayed by one day will determine whether Fox Corp. can be held liable for false claims made on Fox News, the media company’s namesake cable TV property, that Dominion’s voting machines were used to rig the 2020 presidential election.

Dominion’s lawsuit seeks $1.6 billion in compensatory damages, an amount that experts said would likely be whittled down substantially depending on the jury’s judgment or in an out-of-court settlement. Fox said in a court filing Sunday that it believed Dominion had lowered its requested damages to around $1 billion, but the voting machine company disputed that, saying it had not reduced its claim.

The media giant contests any claims of liability or damages sought by Dominion, with a Fox spokesperson calling the lawsuit “a political crusade in search of a financial windfall, but the real cost would be cherished First Amendment rights.”

In the event Dominion wins its case, said Lyrissa Lidsky, a constitutional law professor at the University of Florida, the jury is highly unlikely to award Dominion all the money it’s seeking for what it says is the reputational damage exacted by Fox News’ broadcasts.

In theory, Lidsky said, the jurors could also impose punitive damages to punish Fox for “extremely wrongful conduct” and award an even higher financial penalty than Dominion asked for. But she said she had seen no evidence “thus far that suggests there are going to be damages at that magnitude, even though the damages may be very large.”

“There’s a litigation strategy to ask for more than you think you can really get to anchor the number high,” Lidsky explained.

With more than $4 billion in cash on its balance sheet as of the end of 2022, Fox could probably cover even the maximum amount that Dominion is seeking without having to sell any of its existing assets to do so. In its most recent quarterly earnings report, Fox said it did not expect the “ultimate resolution” of any claims from the suit to have a “material adverse effect” on its business.

Wall Street analysts say the publicly traded company’s stock is likely to take a hit as a result of the suit.

Bank of America Securities estimated in a March 28 note that for every $500 million in damages, shares of Fox Corp. would lose about $1 per share. The company’s stock, which was trading at $33.62 late Monday morning, has fallen by more than 10% since Dominion filed its lawsuit in March 2021, a period in which the Dow Jones Industrial Average rose more than 2%.

BofA Securities suggested that the lawsuit was likely to keep Fox’s stock from moving substantially over the course of what is expected to be a six-week trial as legal proceedings continue to unearth details about debates inside Fox over its airing of falsehoods about Dominion.

“At a minimum, the constant barrage of negative headlines should be an overhang on near-term investor sentiment,” the BofA Securities analysts wrote.

The Fox spokesperson didn’t comment on the business impact of any damages it might have to shoulder or on its stock outlook.

The case has also raised scrutiny on the media company’s editorial strategy as signs have emerged of gaps between what was reported on air and what some insiders — apparently with an eye on Fox’s business — indicated they knew to be true.

Details from the case show Fox News personalities growing increasingly concerned about losing viewers to competing network Newsmax in the days following the 2020 election. Texts and emails disclosed in Dominion’s filing suggest that Fox hosts then pushed back against efforts to set the record straight on the outcome of the election — allegedly to keep viewers from changing the channel.

Following an instance in which a Fox reporter noted that there was “no evidence” of voting system fraud, prime-time host Tucker Carlson texted fellow Fox anchor Sean Hannity calling for the reporter to be fired.

“It’s measurably hurting the company. The stock price is down. Not a joke,” Carlson texted on Nov. 12, 2020.

The company’s 2019 decision to exit its TV and movie businesses may have added pressure to hang on to viewers, said Gabriel Kahn, a journalism professor at the University of Southern California. After Disney purchased the entertainment assets of 21st Century Fox for $71 billion in 2019, the remainder of Rupert Murdoch’s media company — known henceforth as Fox Corp. — became focused on its news, sports and business broadcast operations.

After the deal, Kahn said, “they doubled down on polarization and audience fragmentation,” adding that it became “absolutely, existentially important to keep that audience engaged.”

Still, Fox News dominates the cable news rankings. According to Nielsen live plus data, “The Five,” “Tucker Carlson Tonight” and “Jesse Watters Primetime” were the three most-watched cable news shows in 2022. Over that time, Fox’s advertising revenue grew by almost 9%.

The relationship between editorial decisions at Fox and the company’s business strategy, Lidsky said, could be relevant in the case as Dominion tries to prove that Fox aired false information with “reckless disregard” — part of the legal standard that will be key in determining whether Dominion was defamed.

“A business incentive to ignore the truth or falsity of what they were putting out there, that might tend to show reckless disregard,” Lidsky said.

This post appeared first on NBC NEWS

The deadline to file taxes is upon us.

This year, it falls on Tuesday, April 18 — the result of the District of Columbia’s observance of Emancipation Day on Monday and the fact that the typical deadline, April 15, fell on a weekend.

Filers can still request an extension, at which point they have until Oct. 16 to submit their full return.

If you haven’t filed yet and think you cannot afford software or an accountant to file your taxes — and you made less than $73,000 last year — you can file for free at IRS.gov.

If you fail to pay your taxes, you’ll owe a 0.5% monthly penalty on the unpaid amount, in addition to the unpaid amount itself, for each month, or part of the month, that taxes remain unpaid. That penalty rate keeps accruing until the total tax penalty reaches 25% of your total unpaid taxes.

The penalty rate increases to 1% if you don’t pay your tax 10 days after receiving an Internal Revenue Service notice about its intent to levy a penalty.

The minimum thresholds for filing based on your age and filing status can be found here. Generally, individual taxpayers who made less than $12,950, or $25,900 for a married couple filing jointly, are not required to file a federal tax return.

The IRS says low-income individuals should still file because they may be entitled to a refund from withheld taxes or from programs like the Earned Income Tax Credit.

According to the Urban-Brookings Tax Policy Center at the Urban Institute, about 60% of households are slated to owe federal income taxes this year, an increase from the last two years thanks to the expiration of pandemic-era stimulus programs and lower unemployment.

What about refunds?

For the week ending April 7, the average federal tax refund amount was $2,878. That’s down from $3,175 last year and the result of pandemic-era federal payment programs and credits that have ended.

The lower refunds come amid inflation that remains stubbornly high — 5% as of March, according to the Bureau of Labor Statistics.

Survey data from the financial information group Bankrate showed that 28% of Americans plan to use their refund to pay down debt, while 26% said they plan to boost savings.

Bankrate senior industry analyst Ted Rossman said this makes sense given how inflation has continued to eat into Americans’ finances.

‘Everything is more expensive now, and that leads to credit card debt,’ Rossman said. ‘More purchases are being financed.’

Other Bankrate data showed that 46% of Americans now carry credit card debt, up from 39% a year ago. And debt loads are higher — up 28% since 2021 according to New York Federal Reserve data, Rossman said.

And with annual percentage rates averaging more than 20%, ‘putting some money toward credit card debt is really impactful,’ he said.

This post appeared first on NBC NEWS