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‘Ninety-one percent of Republicans support the building of the wall…’ 

That’s the policy and political reality behind the about-to-emerge ‘immigration compromise’ negotiated between President Biden, Senate Democrats and a handful of Republican Senators. But it is the reality the Senate Republicans are about to ignore and not merely ignore, but actually demonstrate contempt for, and for the party that elected them.

The ‘supplemental’ bill about to emerge promises to be a complete disaster for the GOP. One for the books. There is still time for Leader McConnell to lead a retrograde movement away from the fiasco.

McConnell has pulled off many miracles before. He’s the best legislative leader the GOP has had in my lifetime. He saved the Constitution with his refusal to allow hearings on the Supreme Court vacancy following the death of Justice Scalia. McConnell preserved the First Amendment through litigation over decades. He’s put together crucial Senate majorities only to see lesser political talents destroy them with party nominees he told everyone could not win.

McConnell got former President Trump elected because of the Leader’s ‘no hearings on any nominee’ stance which made Trump’s list of potential Supreme Court nominees the key to the upset win in 2016 by the former president. McConnell will work with Trump again for the good of the Republic. McConnell’s two best pieces of advice —’First, you have to win’ and ‘You can start too late but never start too early’— are worth the cost of his brilliant memoir ‘The Long Game.

Will McConnell save the GOP once more?

We need to get Israel aid. We need to get Ukraine aid. We need to secure the southern border. These are all pressing national security needs. They are of equal importance to America.

If we send the wrong sort of aid to Israel or Ukraine it will not help them win. If we don’t build the 900 miles of fence where it is needed on the 2000 miles of southern border, Americans will continue to die from fentynal, more millions will walk across ‘UN encountered,’ along with the 8 million who have been ‘encountered’ in the three years of the Biden Border Era. The Wall isn’t one of five things that need doing. It is the first thing that must be done if the other things that need to be done are going to work.

The Wall is a necessary but not sufficient national security measure. To repeat: It is the first thing that must be done. Other things are useful —more Border Patrol, more return flights, more detention facilities, more Administrative Law Judges and changes to the actual asylum and refugee law. All of it.

But none of it matters without the Wall. The Wall is the ‘signal’ amid the noise. It actually gets the message to the endless column of millions trudging north. That message is ‘Closed save by appointment.’

This is not a hardliner position. It is the moderate position. Most ‘moderates’ on immigration reform including me are people who want to care for the stranger when they get here. Most of us are aware that only a small percentage of the millions crossing illegally are undoubtedly dangerous, but they are dangerous indeed, and those who engage in human smuggling are depraved while possible terrorists should be understood as 10/7 types. We moderates are also concerned with innocents caught up in this river of misery that has to be damed before those on this side of the order can’t be helped.

If Democrats say ‘No’ to the Wall, then it is no, and the GOP walks away from the talks, explains why, and campaigns on the Wall.

All three of the remaining possible GOP presidential nominees want the Wall. The Senate candidates the GOP needs to win the 2024 elections and thus the 2025 majority all want the Wall. Only a handful of Senators and their staffs have persuaded themselves that the Wall isn’t necessary. Wake up. It is necessary, and the 91 percent aren’t wrong. They are your bosses.

The supplemental without the Wall is far, far worse than a dead end. It’s a cliff. We won’t climb back up to a moment of clarity like this for decades, if ever. And the House GOP should never approve it anyway, and I doubt incumbent GOP senators who support it will in turn find themselves supported by 90 percent of the Party. Who is selling this? On what grounds?

Please, Senate GOP, the momentum of a terrible ride is no reason to stay on the runaway train. Get off. Now. Walk away.

Hugh Hewitt is one of the country’s leading journalists of the center-right. A son of Ohio and a graduate of Harvard College and the University of Michigan Law School, Hewitt has been a Professor of Law at Chapman University’s Fowler School of Law since 1996 where he teaches Constitutional Law. Hewitt launched his eponymous radio show from Los Angeles in 1990, and it is today syndicated to hundreds of stations and outlets across the country every Monday through Friday morning. Hewitt has frequently appeared on every major national news television network, hosted television shows for PBS and MSNBC, written for every major American paper, has authored a dozen books and moderated a score of Republican candidate debates, most recently the November 2023 Republican presidential debate in Miami and four Republican presidential debates in the 2015-16 cycle. Hewitt focuses his radio show and this column on the Constitution, national security, American politics and the Cleveland Browns and Guardians. Hewitt has interviewed tens of thousands of guests from Democrats Hillary Clinton and John Kerry to Republican Presidents George W. Bush and Donald Trump over his forty years in broadcast, and this column previews the lead story that will drive his radio show today.

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Israel’s top government officials are in disagreement about whether to scale back the war against Hamas in Gaza and focus on a more substantial hostage release deal.

War cabinet member Gadi Eisenkot, whose son was recently killed while fighting in Gaza, issued a public call for Israel to engage in serious hostage negotiations. He was joined by fellow cabinet member Benny Gantz, but other members insist that the war against Hamas must continue.

Israel’s leaders must ‘show courage and to lead to a large deal which will bring home the hostages,’ Eisenkot said this week, according to Israeli media. ‘Your time is running out, and each day that passes endangers their lives.’

Meanwhile, National Security Minister Itamar Ben-Gvir has criticized even the partial withdrawal of troops Israel conducted earlier this month. Defense Minister Yoav Gallant likewise warned that ‘political indecision’ could derail the IDF’s efforts in Gaza, according to NBC News.

Israeli Prime Minister Benjamin Netanyahu has repeatedly stated that the war against Hamas is expected to continue in some form for ‘many more months.’

President Biden’s administration has urged Israel to scale back its Gaza offensive, but a recent poll shows that Israeli citizens largely oppose listening to that advice. A huge majority of Israeli citizens, 66%, supported continued heavy bombing in Gaza, according to a January 2 poll from the Israel Democracy Institute.

According to the poll, 56% of Israelis believe that continuing intensive fighting in Gaza remains the most effective means of getting their hostages home.

The IDF announced plans to partially scale back its offensive in southern Gaza earlier this week.

Gallant said at a news conference Monday that Israel recently ended its intensive ground operation in northern Gaza after taking military control of the area and that he expected similar action would happen in the south as well.

‘It will end soon. In both places we will reach the moment for the next stage,’ he said, referencing both northern and southern Gaza.

Gallant did not provide specifics as to when troops, tanks and other equipment would be removed from the territory. He also ruled out a cease-fire, saying military pressure on Hamas is the best way to secure the release of the more than 100 hostages still in Hamas captivity.

Fox News’ Lawrence Richard contributed to this report

This post appeared first on FOX NEWS

After a rally from $1.045 to a high of $1.1140 from October to December 2023, the EUR/USD exchange rate has now executed a bearish flag formation, which resulted in an acceleration of the decline (strength for USD). As a result, the currency pair has now also broken below trendline support, adding to and confirming the bearish outlook for the next few weeks.

Based on the flag formation, a price target between $1.0650 and $1.0700 can be calculated. That area coincides with the horizontal (green-shaded) support area that has offered support and resistance over the last 8-9 months.

Upside potential for EUR/USD is now limited, as the former support line and the lowest point of the flag are expected to start acting as resistance overhead.

We are super excited to announce that today starts the official January 6-month calendar range!

As you can see in the chart for Apple, the small red and green horizontal lines have appeared on one of our favorite platforms at StockCharts.com. In fact, Geoff Bysshe and I recently did a 30-minute instructional video all about the calendar range.

In this video, we cover:

Why the calendar range mattersHow this range sets the tone for the next 6 months and the whole yearWho and what to believeWhen to actWhat to trade

Plus, when you watch the video, you will get a link to a free report that shows you how to profit from using calendar ranges all year long.

Watch now!

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

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

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

The Money Show is having a speaker’s special promotion for all of my followers to receive a Standard Pass for the Las Vegas MoneyShow for ONLY $99!!!!

Traders World Fintech Awards

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

Grow your wealth today and plant your money tree!

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

Follow Mish on X @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 looks at a selection of popular instruments in this video from CMC Markets, outlining their possible directions of travel.

Mish joins Jason Perz on the Against All Odds playlist, where she covers it all talking the mental game of trading, commodities, futures, equities, technical analysis, and macro.

Mish’s Market Minute on StockCharts TV returns, all new! Mish and Geoff Bysshe share how the powerful “Calendar Range” StockChartsACP plugin tells you who and what to believe, when to act, and what to trade. The new year is a big “reset” emotionally, and January sets the tone for the next six months AND the year. Every month is “like an inning in baseball,” financial reports focus on quarters, but analysts think in terms of the first half and second half of the year. How can you harness this knowledge to your benefit? Watch to find out!

Mish presents a three part market outlook in these videos from CMC Markets. In the first, Mish gives you a thorough outlook on which areas to invest in for 2024 in just four and half minutes. Then, she examines whether the S&P 500 can keep rallying, and finally, she investigates where 2024 could be the year of the heavy metals.

Mish offers her thoughts on a number of commodities ahead of the US CPI data announcement in this appearance on CMC Markets.

In this video from CMC Markets, Mish continues with her analysis on gold, oil and gas, this time adding the dollar/yen currency pair and her outlook on the dollar longer term.

Mish talks how the January effect will reveal itself and her focus on the vanity trade in this appearance on Business First AM.

Mish covers oil, gold, natural gas, silver and sugar, plus teaches you how to use charts to determine short-term trading strategies in this video from CMC Markets.

Mish and Maggie Lake discuss inflation (given the wage component in the payroll report), Bitcoin (given the looming deadline for ETF news), the market outlook, small caps, and emerging markets on this video from Real Vision.

Mish covers war, energy, food and a pick of the day on Business First AM.

On the Tuesday, January 2 edition of StockCharts TV’s The Final Bar, Mish (starting at 22:21) talks small caps, retail, junk, and why all three matter in 2024 a lot.

In this appearance on BNN Bloomberg, Mish talks a particularly interesting chart, plus other places to invest in 2024.

In this appearance on Fox Business’ Making Money with Charles Payne, Mish talks with Cheryl Casone about Bitcoin’s volatility and why EVs may not be such a great place to invest in right now.

Recorded on December 28, Mish talks about themes for 2024 to look for, and tells you where to focus, what to buy, and what to avoid depending on economic and market conditions on Singapore Breakfast Bites.

Mish sits down with 2 other market experts to help you prepare for 2024 with predictions, picks, and technical analysis in StockCharts TV’s Charting Forward special.

Coming Up:

January 17: StockCharts TV, January Calendar Ranges

January 22: Your Daily Five, StockCharts TV & Schwab Network

January 24: Yahoo! Finance

January 25: Live Coaching

February 2: Money Show Life with Chuck Jaffe

Weekly: Business First AM, CMC Markets

ETF Summary

S&P 500 (SPY): 480 all-time highs, 460 underlying support.Russell 2000 (IWM): 195 pivotal, 180 major support.Dow (DIA): Needs to hold 370.Nasdaq (QQQ): 408 now the immediate pivotal number with 405 support.Regional Banks (KRE): Failed 50 with 45 support.Semiconductors (SMH): New range 170-175.Transportation (IYT): Needs to hold 250.Biotechnology (IBB): 135 pivotal.Retail (XRT): To maintain a bullish stance, this should hold 65 and get back over 70.00.

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

More than 1,800 flights within, to or out of the U.S. were canceled Tuesday as extreme winter weather continued to wreak havoc for travelers.

Data from the tracking group FlightAware also showed more than 4,700 U.S. flights were delayed as of Tuesday afternoon.

Southwest Airlines had the most cancellations at 391, FlightAware data showed. United was next with 338. SkyWest, Indiana-based Republic and American Airlines also each had more than 100 flights canceled.

Travelers were stranded at airports across the U.S., with New York-LaGuardia, Washington-Reagan International and O’Hare International airports leading the way.

The weather-related cancellations come on top of pre-announced ones by Alaska Airlines, which said Friday that dozens of flights would remain canceled through Tuesday as a result of the ongoing investigation into Boeing’s 737 Max 9 aircraft.

As a result, Alaska had the highest rate of cancellations Tuesday with 16% or 96 total, FlightAware data showed.

Separate data from the flight-tracking site Anuvu showed just 36% of all U.S. carriers were departing on time Tuesday.

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The Consumer Financial Protection Bureau on Wednesday unveiled long-awaited changes to how the nation’s biggest banks structure overdraft protection plans.

The independent watchdog agency said the new rule closes a loophole that for decades has exempted overdraft loans from the consumer protections required by the 1968 Truth in Lending Act.

Since 2000, American consumers have paid an estimated $280 billion in bank overdraft fees, according to CFPB data. During that time, the annual revenue big banks derived from overdraft fees soared, helped along by the boom in consumer debit cards tied directly to checking accounts.

“For too long, some banks have charged exorbitant overdraft fees—sometimes $30 or more—that often hit the most vulnerable Americans the hardest, all while banks pad their bottom lines,” President Joe Biden said in a statement Wednesday on the new rules. “Banks call it a service—I call it exploitation.”

The new regulations would apply only to banks with more than $10 billion in assets, a total of around 175 institutions nationwide, the CFPB said. Taken together, these banks typically account for the lion’s share of the overdraft fees charged in any given year.

CFPB officials said they expected the rule to be finalized in the coming year, and go into effect in October 2025.

Banking trade groups deeply opposed to any changes in the overdraft rules have already begun to mobilize opposition, which is only expected to grow. Earlier this month, the Consumer Bankers Association launched a website to promote “the value of overdraft services, and why government mandates are misguided.”

The proposal is part of the larger Biden administration effort to crack down on what it calls “junk fees,” many of which are charged to consumers with little notice, and do not reflect the real cost of the service.

“This is about the companies that rip off hardworking Americans simply because they can,” said Biden.

The proposed rule would essentially offer big banks two options for how to approach commercial overdraft coverage.

Under the first option, the large banks could offer overdraft loans for profit, provided the banks treat the funds they advance as credit line loans, subject to all the regulations of the Truth in Lending Act.

“For example, consumers would apply for the credit and institutions would underwrite to determine the consumer’s ability to repay. Consumers would be able to repay the credit manually if they prefer manual repayment over auto-pay. And institutions would have to comply with limitations on penalty fees and fees charged during the first year,” according to a fact sheet from the CFPB.

These protections could result in fewer consumers being surprised by overdrafts and the resulting fees, a problem the CFPB detailed in a December report.

The second option would be for large banks to continue offering consumer overdraft coverage as a courtesy service, rather than a revenue-generating line of credit. As a courtesy service, the funds would continue to be exempt from TILA regulations.

But in exchange for this continued exemption, banks that offer courtesy overdraft coverage would be permitted to charge only fees “in line with their costs or in accordance with an established benchmark,” a CFPB fact sheet said .

The agency proposed several potential benchmark rates, ranging from $3 to $14 per transaction. The final amount will be released when the rule is published, likely some time in the next year.

Alternatively, banks that opt to charge fees in line with their costs would be required to calculate those costs based largely on the losses incurred from accounts that are never brought back into the black, the CFPB said.

Given the relatively low principals and high rates of repayment for checking account overdraft coverage, losses tallied under this standard could be minimal.

This post appeared first on NBC NEWS

Les Snead and I were sitting in his office, a glorified temporary trailer at his team’s glorified temporary training facility in suburban Los Angeles, when he brought up the idea of failure and the powerful permanence of it.

The Rams general manager and I were speaking last week about a wide range of subjects when the conversation turned toward winning it all and what it took to get there. Then Snead suddenly veered away from all the glory talk.

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The Atlanta Falcons are big game hunting when it comes to their search for the organization’s next head coach.

A day after sitting down with former New England Patriots coach and six-time Super Bowl champion Bill Belichick, the Falcons said Tuesday they also interviewed University of Michigan head coach Jim Harbaugh for the vacancy.

Harbaugh is slightly more than a week removed from leading the Wolverines to their first national title since 1997. It is the second official interview taken by Harbaugh, as he appears more intent on pursuing the pro game once again. Harbaugh interviewed with the Los Angeles Chargers on Monday.

Harbaugh coached the San Francisco 49ers from 2011-2014 following a successful stint at the college level at Stanford. He has been at Michigan since 2015.

Following three straight 7-10 campaigns, the Falcons fired Arthur Smith just after midnight on ‘Black Monday’ and were the first team to officially move on from their coach at season’s end. The Washington Commanders, Seattle Seahawks, Patriots and Tennessee Titans followed suit.

NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more.

In addition to owner Arthur Blank, Falcons CEO Rich McKay and general manager Terry Fontenot are the primary decision-makers on the hiring. And in the cases of Belichick and Harbaugh, who is interviewing who is up for debate.

Atlanta has invested in its offensive skill positions in each of the past three drafts, resulting in three top-10 picks: wide receiver Drake London, tight end Kyle Pitts and running back Bijan Robinson. The roster does lack a quality quarterback, however.

Baltimore Ravens defensive coordinator Mike MacdonaldCincinnati Bengals offensive coordinator Brian CallahanSan Francisco 49ers DC Steve WilksCarolina Panthers DC Ejiro EveroBaltimore Ravens assistant head coach/defensive line coach Anthony Weaver

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It’s a wonder you couldn’t hear Brad Holmes guttural yell over in Windsor … or maybe you could, and the Canadians are just too polite to say.  

The Detroit Lions general manager uncoiled the most primal of screams Sunday night when he stepped into the elevator just outside the press box after the Lions held off the Los Angeles Rams by a point. 

NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more.

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TAMPA, Fla. − On one side of the room, Philadelphia Eagles quarterback Jalen Hurts sat at his locker with offensive coordinator Brian Johnson next to him, engulfed in a deep conversation.

On the other side, de facto defensive coordinator Matt Patricia was giving a hug to defensive tackle Fletcher Cox.

And really, you couldn’t find a better symbol of what went wrong for the Eagles over the past seven weeks, when a 10-1 start crashed and burned into a 1-6 finish, culminating with the 32-9 loss to the Tampa Bay Buccaneers in the NFL wild card round Monday night.

The collapse was top-down. There was general manager Howie Roseman’s roster construction and patchwork fixing. There was head coach Nick Sirianni’s panicked move to replace defensive coordinator Sean Desai with Patricia.

There was Hurts’ uneven play, none more apparent than allowing himself to get tackled in the end zone for a safety on a 3rd-and-6 from the Eagles’ 14. At the time, the Eagles trailed 16-9. But the safety and the Buccaneers subsequent touchdown on a botched defensive play gave the Bucs a 25-9 lead.

NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more.

Sirianni tried hard not to blame Hurts.

‘It kind of swung the momentum there,’ Sirianni said. ‘He’s trying to make a play … You can’t really get excited when he makes game-changing plays and then crush him when something like that happens.’

If only Hurts had Sirianni’s back too. That he didn’t shows how likely Sirianni won’t be back.

If anything, that sequence showed that the Eagles’ collapse was a total team effort. And no one can escape unscathed. It’s just a question of how far Eagles chairman and CEO Jeffrey Lurie wants to go.

Sure, Lurie and Roseman could start with the coordinators. That’s easy enough. The defense finished the regular season 31st in pass defense, and Bucs quarterback Baker Mayfield threw for 337 yards Monday. He would have thrown for more than 400 had his receivers not dropped a handful of passes.

Sure, James Bradberry was the poster child for the disaster. One year after being named All Pro, Bradberry was benched for a series after whiffing on tackling Trey Palmer after his short reception turned into a 56-yard touchdown.

‘That’s the one I’ll think about the most,’ Bradberry said.

But what about Sirianni?

Sirianni has a regular-season record of 34-17 and the best winning percentage in team history at .667. Sirianni is also the only coach in team history to lead his team to the playoffs in each of his first three seasons.

But it’s hard to overcome a 1-6 finish for a team that played in the Super Bowl barely 11 months ago.

There is one way Sirianni can survive. So far, Hurts has not thrown Sirianni a lifeline. And it would have been so easy for Hurts to do so.

After all, Lurie signed Hurts to a five-year extension worth as much as $255 million. If the quarterback wants the head coach to stay, then the quarterback can make that happen.

Instead, Hurts said this when he was asked if he wants Sirianni back: ‘I didn’t know he was going anywhere.’

Hurts was then told that there has been speculation about Sirianni’s job. ‘I didn’t know that,’ he replied.

Is Hurts confident that Sirianni can fix the situation? ‘I have a ton of confidence in everyone in this building,’ he said.

Notice, not once did Hurts say anything like: ‘That’s my coach. I want him back.’

Left tackle Jordan Mailata didn’t have any problem endorsing Hurts, for example, when asked if he still believes in the quarterback.

“One hundred twenty-five thousand percent,” Mailata said.

All of this comes on the heels of an ESPN report that there was a disconnect this season among Sirianni, Johnson and Hurts, all envisioning different things for the offense.

We saw that frustration often on the sidelines, whether it was a confrontation between Hurts and star receiver A.J. Brown in Week 2; or a late-game confrontation against the Giants on Dec. 25 with Sirianni, defensive line coach Jeremiah Washburn and DeVonta Smith.

Heck, there was a similar flareup between Hurts and Dallas Goedert early in the game Monday when Goedert was caught on camera saying some angry words to Hurts, who was sitting on the bench.

Afterwards, Goedert said it was his fault, that he missed a signal on a 3rd-and-2 pass that was supposed to go to Smith. Goedert said he ran the same deep route and the pass was batted away.

‘It could have been a big play to Smitty,’ Goedert said. ‘It was my fault. I missed a sign. I was a little frustrated with myself, not Jalen at all. Me and Jalen got a great relationship.’

That’s not an indictment on Hurts as much as it is to show that the disconnect was evident all season. That was when the Eagles were winning, and it was only magnified as the losing snowballed.

Sirianni has a large share of the blame. His offense was in disarray. And the defense was a disaster, and it only got worse after he made the switch to Patricia.

So how far does Lurie want to go?

Sirianni will certainly have to convince Lurie that Sirianni can fix the problems when they’ll meet this week. That will likely include coaching staff changes. After all, how can either Desai or Patricia come back next season? How can Johnson?

But how would Hurts react if Johnson, whom Hurts has known since Hurts was a toddler, is fired and Sirianni stays? And yes, Lurie has to take that into account with Hurts as the franchise quarterback.

If Hurts in fact regressed this season, like the statistics certainly indicate, then Lurie has to find a coaching staff that can get the most out of Hurts.

In 2022, Sirianni, offensive coordinator Shane Steichen, with Johnson as the quarterbacks coach, did that. Hurts was the runner up to Patrick Mahomes for the MVP and outplayed Mahomes in the Super Bowl in the Eagles’ 38-35 loss.

Even after Steichen left to become the Colts’ head coach, Hurts was well on his way to winning the award this season after the Eagles had back-to-back wins over the Chiefs and Buffalo Bills in late November, getting to 10-1.

Then everything fell apart. Can Sirianni fix it?

‘Yeah, we believe in ourselves,’ Sirianni said. ‘What gives me the confidence to think that we can fix it is because we believe in ourselves, and we’re in these seats at the top of our profession because we worked our ass off to get here.

‘I can promise you that nobody in that locker room (doubts themselves) even a little bit.’

It sure would help Sirianni’s chances to stay if Hurts felt that way about him, too.

Contact Martin Frank at mfrank@delawareonline.com. Follow on X @Mfranknfl.

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