Archive

2023

Browsing

Kentucky Gov. Andy Beshear signed a bill Tuesday to expand an address confidentiality program aimed at protecting domestic violence victims from their abusers.

It builds on a program shielding victims’ home addresses from voter rolls. The new law expands the program to mask their addresses on other publicly available government records.

The new law also removes the requirement that survivors have an emergency protective order to hide their addresses on public records. Instead, it will allow victims who sign a sworn statement to have their addresses shielded from the broader list of records.

The bill’s supporters include Kentucky’s Republican secretary of state, Michael Adams, who said the program will ‘help ensure survivors of domestic violence get the protection they deserve.’

It was among several bills signed by the Democratic governor to bolster public safety by supporting law enforcement and better protecting crime victims and children at school.

Another bill signed by Beshear gives law enforcement agencies the ability to create their own wellness programs to support the mental health and wellbeing of sworn and civilian personnel. All sessions and information discussed within wellness programs remain confidential under counselor-client privilege.

The governor said that officers ‘are interacting with Kentuckians on their worst day, so it’s essential that we ensure they are mentally healthy and have addressed any trauma they’ve experienced.’

The bill’s lead sponsor, Republican Rep. Kevin Bratcher, said: ‘With wellness concerns increasing within police departments, we must ensure programs are in place for them when they need help.’

The governor also signed a bill allocating $13 million to improve Jenny Wiley State Resort Park and Lake Barkley State Resort Park. The bill designates $5.5 million to Jenny Wiley park and $7.5 million to Lake Barkley park to deal with structural, exterior, mechanical and interior deficiencies.

This post appeared first on FOX NEWS

First lady Jill Biden’s office on Tuesday attempted to lower the temperature after she received backlash on social media, including accusations of racism, for floating the idea of inviting the University of Iowa women’s basketball team to the White House, despite them losing to Louisiana State University (LSU) in the national championship game over the weekend.

‘I know we’ll have the champions come to the White House, we always do. So, we hope LSU will come,’ Biden said Monday. ‘But, you know, I’m going to tell Joe I think Iowa should come, too, because they played such a good game.’

The first lady’s idea backfired immediately as thousands of quote tweets rolled in over the course of just hours.

Bishop Talbert Swan wrote, ‘Jill Biden is a white woman,’ and suggested the first lady’s race was why she invited the Iowa women’s team.

‘Of course she wants the president to invite the team of predominantly white women that lost when the winning team of Black woman come to the White House,’ Swan wrote. ‘She wants to give white women the same privilege that Black women earned.’

‘This is America,’ he added.

‘Jill Biden inviting Iowa to the WH has Angel Reese and Black people everywhere HEATED,’ journalist Touré tweeted. ‘The WH has a crisis on its hands…’

Another user slammed ‘people defending Jill Biden saying ‘it was such a good game and it brought awareness.’’

‘AWARENESS OF WHAT,’ the user wrote. ‘B—-ES BEEN PLAYING BASKETBALL FOR YEARS. Jesus Christ.’

Keith Boykin, who worked for former President Bill Clinton and frequently appeared on CNN, tweeted, ‘No Ma’am!’ and added, ‘When Black women win a national championship, they should not be forced to share the stage with the losing team.’

NFL Hall of Fame tight end Shannon Sharpe slammed the first lady on ‘Skip and Shannon: Undisputed’ while discussing the championship and said an invitation to the White House ‘isn’t a participation award,’ adding, ‘Winners get a trophy. That’s what life is about.’

‘Come on, Dr. Biden. You know better than this,’ Sharpe said. ‘Did you forget who helped put your husband in the White House? You gonna find out a very serious, hard lesson in ’24. [Joe] will be like a Kentucky or Duke freshman. You’ll be one-and-done.’

Other users, including progressive sitting members of Congress, also slammed the first lady for her White House invitation to Iowa.

‘Very respectfully Madame First Lady, that’s not how it works,’ ‘Squad’ Rep. Jamaal Bowman, D-N.Y., wrote on Tuesday. ‘LSU won. LSU comes to the White House.’

‘Iowa understands this and would most definitely respectfully decline the invitation,’ Bowman continued.

The first lady’s remarks also drew a response from Rep. Julia Letlow, R-La., who gave props to LSU coach Kim Mulkey and the team and invited them to the Capitol.

‘In #LA05, we’re proud of Tangipahoa Parish’s own, Coach [Mulkey], and all that [LSU’s women’s team] accomplished,’ Letlow tweeted. ‘Coach — if the [White House] insists on making you share the championship visit, we would be honored to celebrate your team at the Capitol!’

‘DEI for the win!’ Washington Free Beacon journalist Chuck Ross tweeted on Monday.

Fox News Digital reached out to the first lady’s office but received no response.

Biden’s spokesperson, Vanessa Valdivia, attempted to walk back the first lady’s comments, tweeting that she ‘loved watching the NCAA women’s basketball championship game alongside young student athletes and admires how far women have advanced in sports since the passing of Title IX.’

‘Her comments in Colorado were intended to applaud the historic game and all women athletes,’ Valdivia wrote. ‘She looks forward to celebrating the LSU Tigers on their championship win at the White House.’

Under Mulkey, LSU beat Iowa on Sunday, 102-85, to take the NCAA women’s basketball national championship home to Baton Rouge for the first time in school history.

The participation trophy-esque remarks drew strong rebukes from people from all walks.

LSU star Angel Reese led the charge, quote-tweeting the ESPN write-up with three laughing emojis and two words: ‘A JOKE.’

Fox News Digital’s Ryan Gaydos contributed reporting.

This post appeared first on FOX NEWS

Rep. Alexandria Ocasio-Cortez, D-N.Y., applauded what she called ‘social consequences’ for Rep. Marjorie Taylor Greene, R-Ga., Tuesday, after the GOP congresswoman led a New York City rally protesting the indictment of former President Donald Trump. 

Trump was indicted by a grand jury Thursday over alleged hush money payments to adult film star Stormy Daniels and former Playboy model Karen McDougal during the 2016 campaign cycle. The former president arrived in New York Monday ahead of his court appearance, prompting political protests to break out in the streets outside the courthouse.

With a megaphone in hand, Greene led a rally outside the New York City courthouse to protest the indictment and support Trump before his arraignment Tuesday, but progressive representative AOC blasted her efforts as ‘shameless bigotry.’

‘Welcome to NYC! Where there are still social consequences for shameless bigotry,’ AOC wrote in a Twitter post fired at Greene, upon reports that the Republican congresswoman was being heckled at by anti-Trump protestors during the rally.

The comment came after reports that people were shouting and blowing whistles over Greene in an effort to prevent her from being heard during the protest.

‘We are here to peacefully protest against the persecution of an innocent man. Not just any innocent man, this is the former President of the United States of America,’ Greene told the crowd.

Greene also hit back at Mayor Eric Adams, after he urged her to be on her ‘best behavior’ ahead of Tuesday’s protest.

‘Also, to the Mayor Adams, as you can see, I am here peacefully protesting. He called me out by name,’ Greene said.

Trump appeared in court Tuesday, where he pleaded not guilty to all charges brought against him.

Fox News’ Brooke Singman contributed to this report.

This post appeared first on FOX NEWS

Maine lawmakers are preparing to take up several proposals in the coming weeks to expand abortion access, including one by Democratic Gov. Janet Mills to allow women in Maine to get abortions later in pregnancy if deemed necessary by a medical provider.

Current state law bans abortions after a fetus becomes viable outside the womb, at roughly 24 weeks. The governor’s bill would allow later abortions with a doctor’s approval.

Other bills would prevent municipalities from restricting abortions; strengthen protections for those who treat out-of-staters traveling to Maine for an abortion; and address affordability of abortions through private insurance.

Several hundred anti-abortion activists traveled to the State House Tuesday to make their views known. The event’s organizer, Maine Right to Life, said that it’s important for people to raise their voices in Augusta because that’s where abortion laws are determined now that U.S. Supreme Court overturned the constitutional right to an abortion. Abortions already have been banned in 13 states.

Planned Parenthood of Northern New England tweeted that Mainers showed they support abortion access by electing ‘pro-reproductive rights champions to protect our reproductive rights.’

There are several Republican-backed proposals that would reduce abortion access but those face long odds with Democrats controlling both chambers.

This post appeared first on FOX NEWS

President Biden’s former executive assistant from his time as vice president testified before Congress on Tuesday that classified documents were spread out across three different locations in the nation’s capital, then ‘remained accessible’ to Penn Biden center employees when they were transported there, according to House Oversight Committee Chairman James Comer. 

Kathy Chung, who joined Biden’s staff in 2012 and stayed in the role through the end of the Obama administration, sat down for a transcribed interview with the committee about classified documents that the president’s attorney say were first found at the Penn Biden Center on Nov. 2, 2022. Another tranche of classified documents were later located at the president’s home in Wilmington, Delaware. 

Rep. Comer, R-Ky., said that Chung ‘provided startling information that undermines the Biden White House’s narrative on the matter.’

‘Today we learned that when Joe Biden left the vice presidency, boxes containing classified documents, vice presidential records, and other items were stored in three different locations around the Washington, D.C. area, including an office near the White House, an office in Chinatown, and eventually the Penn Biden Center,’ Rep. Comer said in a statement. 

‘At some point, the boxes containing classified materials were transported by personal vehicles to an office location. The boxes were not in a ‘locked closet’ at the Penn Biden Center and remained accessible to Penn Biden employees as well as potentially others with access to the office space. We need to find out who had access to these documents.’

Comer went on to dispute the White House’s timeline, claiming that ‘then-White House Counsel Dana Remus tasked Kathy Chung with retrieving these boxes from the Penn Biden Center as early as May 2022.’

‘This story does not begin in November 2022, as represented by President Biden’s attorney,’ Comer said. 

Remus did not immediately respond to a request for comment on Tuesday. 

Rep. Jamie Raskin, the top Democrat on the House Oversight Committee, appeared to dispute Comer’s characterization of Chung’s testimony, saying that she wasn’t aware of classified documents at the Penn Biden Center until the president’s attorneys found them there last November. 

‘Ms. Chung has cooperated with Committee Republicans every step of the way—providing materials to investigators, voluntarily sitting for an interview, and working in good faith with Congress,’ Rep. Raskin said in a statement. 

‘She repeatedly explained that she was unaware that there were alleged classified documents at the Penn Biden Center until November 2022, when the documents were first discovered by counsel for President Biden.’

Chung – who was recommended to the president in 2012 by his son, Hunter Biden – now works as the Pentagon’s deputy director of protocol. 

Attorney General Merrick Garland appointed Robert Hur, a veteran federal prosecutor, as a special counsel to investigate Biden’s handling of classified documents. 

Separately, a federal investigation is underway into former President Trump’s handling of classified documents after an FBI raid at his Mar-a-Lago home last August. Secret Service agents connected to the former president are expected to testify before a Washington, D.C., grand jury later this week. 

Comer said that Republicans will follow up with other ‘persons of interest’ in their investigation, while Raskin accused Republicans of turning a ‘blind eye to Trump’s egregious misconduct’ and creating a ‘mirage of fake evidence for their empty attacks’ on Biden. 

The White House did not immediately respond to a request for comment on Tuesday about Chung’s testimony. 

This post appeared first on FOX NEWS

Ronald Sarasin, a three-term Republican congressman from Connecticut in the 1970s who later went on to lead the U.S. Capitol Historical Society, has died. He was 88.

Sarasin died at his home in McLean, Virginia, on March 27, according to an obituary prepared by his family that did not disclose a cause of death.

Sarasin, who was born in Fall River, Massachusetts and grew up in Beacon Falls, Connecticut, was first elected to the U.S. House in 1972 and was re-elected in 1974 and 1976, representing the 5th District in western Connecticut.

In 1978, he won the Republican nomination for governor but lost the election to Democrat Ella Grasso.

Sarasin previously served in the Connecticut House of Representatives from 1969 to 1973. After serving in the Navy in the 1950s, he went on to graduate from the University of Connecticut and its law school.

After leaving politics, Sarasin was the chief lobbyist for the National Restaurant Association and later president and CEO of the National Beer Wholesalers Association.

From 2000 to 2018, he was president and CEO of the U.S. Capitol Historical Society, which is chartered by Congress to educate the public about the Capitol, its history and its people.

In a Facebook post mourning his death, the historical society credited Sarasin for establishing educational programs including a traveling exhibit on the role enslaved people had in building the Capitol.

‘Ron met every challenge with tremendous strength to help us grow in our work and service to reach new audiences,’ the post said. ‘We are grateful for his life, his friendship, and the legacy Ron left us all.’

Sarasin is survived by his wife, Leslie, and two sons. A funeral service will be held May 20 at Gonzaga College High School’s St. Aloysius Church in Washington.

This post appeared first on FOX NEWS

Gosh, it’s been a minute since we have looked at Utilities.

With rising interest rates, in March 2023, utilities fell near the October 2022 lows. Currently, XLU is changing phases from Bearish to Recuperation.

In my book, Plant Your Money Tree: A Guide to Growing Your Wealth, I explain that “When Uncle Utes Shows up Drunk at the Door, It’s Time to Pay Attention.”

So, is it time to pay attention?

In the last year, Utilities, as a flight to safety, have been largely ignored. Higher interest rates are the main culprit. Also, in the cyclical nature of trading sectors, Utes simply fell out of favor. Now, however, with gold flying (see the March 19th article), rates and the dollar falling, and tech stocks extremely crowded, we thought it would be a good time to take a fresh look.

The 50-day moving average provides support and a super low risk point. Should that level fail, or price close back under 66.75, the trade is done for now.

On our Leadership Triple Play indicator, XLU continues to underperform the benchmark. Should that change, it would be noteworthy.

On our Real Motion momentum indicator, the red-dotted lines show momentum improving and diverging, as they are further above the 50-DMA than the price is.

While we have been reporting on the 23-month moving average in the indices and how none have cleared it yet, XLU’s 23-month MA looks a bit different. XLU only failed the 23-month MA two months ago. That suggests utilities are neither in expansion nor contraction. Rather, they are trading more on the expectations for rates than on the direction of the indices.

Along with the phase change to Recuperation, we are watching for a a monthly close over 69.00. A monthly close over that level would suggest a bigger move for Utes, and a more difficult time period for equities.

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 talks about Dominion Energy with Angela Miles in this appearance on Business First AM.

Mish chats with Neils Christensen on Oil and Gold in this article from Kitco.

See Mish’s presentation at Real Vision’s Festival of Learning, exclusively available for Real Vision members.

Mish talks with CNBC Asia about hope, fear, and greed, and what could happen going forward.

Coming Up:

April 13th:The Final Bar with David Keller on StockCharts TV

April 24-26: Mish at The Money Show in Las Vegas

May 2-5: StockCharts TV Market Outlook

ETF Summary

S&P 500 (SPY): 405 support and 410 pivotal.Russell 2000 (IWM): 170 support, 180 resistance still.Dow (DIA): Confirmed bullish phase, provided it holds 331.Nasdaq (QQQ): 325 the 23-month moving average; huge resistance.Regional Banks (KRE): Weak get weaker–41.28 March 24 low.Semiconductors (SMH): 255 key support, 270 resistance.Transportation (IYT): 223 pivotal — this sector needs to hold.Biotechnology (IBB): 125-130 new range.Retail (XRT): 60-64 current range to watch.

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

The first Tuesday of the month means monthly charts in this episode of StockCharts TV’s Sector Spotlight. I start with an overview of long-term trends in asset classes, including a look at the USD and BTC and the relationship between stocks and bonds. I then move on to sectors, beginning with a quick look at the monthly RRG, where we can see which sectors are turning around their long-term relative trends. Next, I look at the updated table with the trends and support and resistance levels for each sector, followed by making an assessment of the long-term price trends for each sector.

This video was originally broadcast on April 4, 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

JetBlue Airways is preparing to cut scores of weekly flights in the New York City area this spring and summer in response to a shortage of air traffic controllers, a measure that will have a financial impact on the airline, CEO Robin Hayes told CNBC on Wednesday.

Last week, the Federal Aviation Administration unveiled a new plan to help avoid a repeat of 2022′s flight disruptions, reducing flight requirements by up to 10% for airlines’ takeoff and landing rights to avoid congestion in the New York City area and Washington, D.C. The FAA cited its staffing shortfall. The waivers will last from May 15 through Sept. 15.

“We don’t want to pull down flights. I’m sure no airline wants to pull down flights,” Hayes said in an interview with CNBC ahead of an event at the Economic Club of New York. “But if we don’t cut them the system is not going to be workable this summer.”

The staffing shortfall and potential schedule cuts in the region highlight the difficulty airlines have faced to ramp up capacity as travel demand returns in the wake of a pandemic lull.

Flight cancellations and delays were elevated during peak parts of 2022, and airlines scaled back schedules then to put more slack in the system. If weather is bad or there are other challenges, disruptions tend to cascade if airlines have packed their schedules with too many flights.

Hayes said the latest measure is particularly impactful for JetBlue, which is based in New York City, because the vast majority of its flights take off from or land in the city or transit its airspace.

“We’re staffed, we’ve already trained pilots, we’re paying for pilots, we’ve bought airplanes, we’re paying for gates and slots,” Hayes said. “This is going to have a very significant financial impact on JetBlue and our customers.”

Delta Air Lines asked the FAA to return up to 10% of the airline’s slots or operating times at the three major airports serving New York City and at Washington Reagan National Airport for the period. United Airlines made a similar request.

Carriers have until April 30 to request the waiver.

“This [air traffic controller] staffing issue has been around for years,” Hayes said. The airline hasn’t yet applied for slot or operating time waivers, but Hayes said the carrier plans to do so and notify customers as soon as possible.

On Wednesday, the FAA held a meeting with airline executives about measures to ease congestion in the New York area. It held similar conversations last year about busy airspace in Florida, and agreed to boost staffing to handle a surge in traffic there.

“Operators requested collaboration and communication with the FAA early and often to plan for circumstances that could result in delays, including weather events, space launches and military operations,” the FAA said in a statement. “They discussed how closer collaboration and frequent air traffic updates would help them more effectively schedule crews.”

Participants also discussed alternate flight paths such as over-water routes, the FAA said.

This post appeared first on NBC NEWS

Florida Gov. Ron DeSantis has ordered an investigation into the recent actions and the former leadership of Walt Disney World’s special planning district in the Orlando area — as Disney CEO Bob Iger called out actions and legislation targeting his company as ‘anti-business’ and ‘anti-Florida.’

DeSantis’ latest move comes after revelations that the state’s planned takeover of the district may have been circumvented.

In a letter to Florida’s chief inspector general released Monday, DeSantis asked for an investigation into the legality of a February declaration approved by the board that oversaw the Reedy Creek Improvement District. That declaration appears to give Walt Disney World direct corporate power to plan and develop the area.

DeSantis further calls for an investigation into the qualifications of that board’s leadership, as well as any potential involvement of Disney employees and agents in executing the new document, and new communications between Disney and the board. 

As the largest landowner in the region, which was recently renamed the Central Florida Tourism Oversight District, Disney maintained a de facto control over the previous board.

DeSantis also alleges the February declaration may not be legally binding, citing unnamed legal counsel. A note from DeSantis’ office accompanying Monday’s letter states that “all legislative options are back on the table” for responding to the latest development in the clash between the governor’s office and the global entertainment giant.

“These collusive and self-dealing arrangements aim to nullify the recently passed legislation, undercut Florida’s legislative process, and defy the will of Floridians,’ DeSantis writes in the letter.

The declaration was approved at a hearing Feb. 8, one day before the Florida House approved a new law giving him control over appointing new leadership of the district.

“This essentially makes Disney the government,” Ron Peri, one of the new board members appointed to the CFTOD by DeSantis, said at a Feb. 27 meeting, when the meaning of the declaration first appeared to be understood. “This board loses, for practical purposes, the majority of its ability to do anything beyond maintain the roads and maintain basic infrastructure.”

‘The governor got very angry’

In remarks during Disney’s annual shareholder meeting later Monday, Iger addressed investor inquiries about the ongoing dispute between the company and Florida lawmakers. He noted that Disney has more than 75,000 employees in the state, has created thousands of indirect jobs, brings around 50 million visitors to Florida every year, and is the state’s largest taxpayer.

“A year ago, the company took a position on pending Florida legislation,” he said, apparently referring to DeSantis’ bill to ban teaching about gender and sexual orientation from kindergarten to third grade. “And while the company may have not handled the position that it took very well, a company has a right to freedom of speech just like individuals do.”

Iger added: “The governor got very angry about the position Disney took and seems like he’s decided to retaliate against us, including the naming of a new board to oversee the property and the business. In effect, to seek to punish a company for its exercise of a constitutional right. And that just seems really wrong to me.”

Iger said Disney plans to spend more than $17 billion in investments at Walt Disney World over the next decade, which he estimated would create around 13,000 jobs at the company and generate even more taxes for Florida.

“Our point on this is that any action that supports those efforts simply to retaliate for a position the company took sounds not just anti-business, but it sounds anti-Florida,” he said. “And I’ll just leave it at that.”

The Florida inspector general’s office did not immediately respond to a request for comment.

This post appeared first on NBC NEWS