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September, typically considered to be the weakest month for stocks, didn’t turn out that way in 2024. We had a winning month—the S&P 500 eked out a higher close, and the S&P 500 ($SPX), Dow Jones Industrial Average ($INDU), and Nasdaq Composite ($COMPQ) had a positive quarter. Out of the three, the Nasdaq had the smallest gain, mainly due to investors rotating out of Big Tech stocks and moving into other sectors.

This rotation can be seen in the StockCharts MarketCarpet (see below).

FIGURE 1. UTILITIES LEAD IN Q3. The StockCharts MarketCarpet shows that Utilities was the best performer in Q3. On the opposite end of the spectrum, we have Energy.Image source: StockCharts.com. For educational purposes.

Utilities was the leading sector for Q3, followed by Real Estate and Industrials.

The Utilities Select Sector SPDR ETF (XLU) chart (see below) shows that the sector has been trending higher since XLU crossed above its 21-day exponential moving average (EMA) at the end of July. It closed at a record high on September 30. The relative strength index (RSI) is just above 70, so there is potential for XLU to rise higher.

FIGURE 2. DAILY CHART OF XLU. Since July, XLU has been on an upward trend closing at an all-time high in September.Chart source: StockCharts.com. For educational purposes.

Utility stocks are gaining investor attention because they can provide energy to Artificial Intelligence companies. Although utility stocks may not be growth-oriented, most provide dividends, which can generate extra cash in your portfolio.

On the Other End of the Spectrum…

The worst-performing sectors for Q3 were Communication Services, Technology, and Energy. The mega-cap stocks with the biggest losses are Microsoft (MSFT), Alphabet, Inc. (GOOGL), and Amazon.com (AMZN). However, there were still some winners, as Apple, Inc. (AAPL) and Meta Platforms (META) had impressive gains in Q3.

What To Expect in Q4

Given that it is an election year, volatility will likely rise in the last quarter of the year. But that could settle down after the elections, since a big uncertainty factor will be eliminated. Thus, we could see more of the bullish sentiment extend into Q4. Unless enthusiasm for Tech stocks picks up, the sector may not move much in performance in the next quarter. Add the Sector Summary panel on your dashboard and closely monitor sector performance during the final quarter of the year.

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.

With a potential strike at ports up and down the East Coast and along the Gulf Coast set to begin after midnight Monday, logistics executives tell CNBC the remaining hours are critical in moving out as much trade as possible before a shutdown that will do serious damage to the functioning of the U.S. economy.

Based on data from ImportGenius, which tracks the Bills of Lading — the digital receipts of cargo containers — a total of 54,456 twenty-foot equivalent units (TEUs) arrived on Friday at the 14 ports operating under the Master Contract between the International Longshoremen’s Association and the US Maritime Alliance (USMX) which expires at midnight Monday. The approximate value of that freight was upwards of $2.7 billion, based on an MDS Transmodal estimate of $50,000 per container. For the weekdays between September 23-27, a total of 273,417 TEUs were imputed through customs at these ports with a value of approximately $13.67 billion.

Alan Baer, CEO of OL USA, said the enormity of the freight volumes arriving Friday alone shows the scramble logistics companies are in to get the containers off the dock by close of business Monday. “Importers, in coordination with their logistic partners, should try to clear as many of their containers off open terminals where possible to avoid possible delays in acquiring their inventory,” said Baer.

On average, it takes one week to clear out one day of a port closure. As much as 43% to 49% of total containerized goods entering the U.S are processed through ports on the East Coast and Gulf Coast. 

Michael Kanko, CEO of ImportGenius, tells CNBC the economic importance of the ports impacted by an ILA strike is profound. “As our data shows, a strike of even a week will block the flow of hundreds of thousands of containers into the U.S.,” he said. “These ports are also a major gateway into the U.S. for refrigerated produce. Time isn’t on the side of importers.” 

“Every importer, exporter, and even domestic shippers should be watching developments very closely this week because the impacts of a port strike on the U.S. East Coast and Gulf Coast ports could potentially impact all modes if there is a strike, and if it lasts longer than a few days,” said Brian Bourke, global chief commercial officer of Seko Logistics.

The ILA is North America’s largest longshoremen’s union. In a social media post on Sunday, the ILA said its 85,000 members, “joined in solidarity by tens of thousands of dockworkers and maritime workers around the world,” will hit the picket lines at 12:01 am on Tuesday, October 1, and strike at all Atlantic and Gulf Coast ports from Maine to Texas.

Approximately 50,000 ILA union members work at the ports of Boston, New York/New Jersey, Philadelphia, Wilmington, Baltimore, Norfolk, Charleston, Savannah, Jacksonville, Tampa, Miami, New Orleans, Mobile, and Houston.

No negotiations were underway and none were planned before the Monday deadline, according to a Reuters report.

In recent days, top Biden administration officials including Transportation Secretary Pete Buttigieg, Acting Labor Secretary Julie Su, and Director of the National Economic Council Lael Brainard spoke separately with USMX and ILA representatives urging the parties to come to a fair agreement quickly. The Biden administration has stated on several recent occasions that it will not use federal powers to force dock workers to remain on the job. “We’ve never invoked Taft-Hartley to break a strike and are not considering doing so now,” White House officials have said.

The union suspended talks with the USMX in June over issues including use of automation at ports and wages, and the ports ownership group has said in recent weeks that the ILA continues to “strongly signal” that it has already made the decision to strike.

A ports strike could threaten the recent gains made in bringing down inflation and the prices paid by consumers across a wide range of goods, and could give former President Donald Trump another talking point over the key voter issue of the economy in the final month of campaigning.

Based on prior port strikes, ocean carriers normally profit from soaring freight rates based on demand for other ports as well as detention and demurrage fees on containers stranded during a ports shutdown. Analysts have been warning ocean spot rates could increase by 20%-50%. UBS forecast that 20% of Maersk’s total volume would touch a U.S. port that would be impacted by the strike. Maersk is on the board of USMX. UBS estimated that if freight rates increased 30% over two quarters, a revenue tailwind of over $1 billion would be generated.

Meanwhile, union support is a critical issue for the Democrats, and President Biden recently emphasized to reporters he “did not like” Taft-Hartley. 

Business trade groups have urged the Biden administration to step in. The U.S. Chamber of Commerce released a poll on Monday morning showing that a majority of both registered voters (58%) and the general population (54%) support the Biden administration intervening and ordering the union to work and negotiate through the use of Taft-Hartley. Roughly 20% of respondents said they were opposed to federal intervention.

In a recent video featuring ILA president Harold Daggett played for rank-and-file union members, who voted unanimously to authorize a strike, he threatened an intentional worker slowdown in moving containers if the Biden administration forces the union workers back to the docks using the Taft-Hartley Act. “You’re better off sitting down and let’s get a contract and let’s move on with this,” he said.

U.S. Customs data showed a wide variety of products still arriving at the Port of New York/New Jersey, the largest port on the East Coast, on Friday — containers holding cosmetics and perfume from Estee Lauder and L’oreal, auto parts and tires, and electrical materials and circuit breakers from automation and electrical leader ABB.

Hundreds of containers came in over the past week for retailers from Walmart to Walgreens, filled with winter clothes, food, electronics, towels, and holiday items, from Disney Halloween pieces to Christmas string lights.

Walmart is the largest importer across all of the threatened ports, according to ImportGenius data.

A spokesman for the Port Authority of NY/NJ said it is closely monitoring developments. The port began preparations for a strike two weeks ago.

“We are coordinating with partners across the supply chain to prepare for any potential impacts,” the spokesman said. “For the over 600,000 regional jobs our port supports and the $240 billion in goods moved through here each year, we urge both sides to find common ground and keep the cargo flowing for the good of the national economy.”

Depending on the length of a strike, the toll on the U.S. economy could reach well into the tens of billions of dollars. For the Port of New York/New Jersey, economic impact could run as high as $641 million per day; while in Virginia, an economic impact of $600 million per day is possible, according to an analysis from Mitre.

East Coast ports in the U.S. are forecast to handle 2.3 million TEU (twenty-foot equivalent units) in October. That translates to 74,000 shipping containers per day, and a value of daily freight upwards of $3.7 billion.

Steve Lamar, American Apparel & Footwear Association president, recently told CNBC that a disruption to the East and Gulf Coast ports would have major impacts on the cost and availability of apparel, footwear, and travel goods, as more than half of all apparel, footwear and accessories move through these ports.

German footwear giant Birkenstock had over 32,000 packages and cargo imported and processed at the Port of Virginia in Norfolk between September 23-Sept. 27.

Amazon.com Services, a subsidiary of Amazon.com that provides e-commerce services for third-party sellers, had over 26,000 mini smart cameras and other products arrive and clear customs between September 23 and Sept. 25.

Ace Hardware had over 64,000 items in 57 containers processed through Customs between September 23-and Sept. 26.

Anheuser-Busch InBev was also among major importers with product cleared through Customs in recent days.

Paul Brashier, vice president of global supply chain for ITS Logistics, said conversations with clients on freight pickup strategy have been taking place over the past two weeks.

“If shippers waited until Monday to bring on additional trucks to pick up their freight, I feel it may be too late to get available containers out of the terminals so they can avoid excessive demurrage charges during the strike,” Brashier said. “Shippers should not be lulled into a false sense of security during the strike, as just like during Covid, the breakdown in the supply chain did not occur until after operations resumed after shut down,” he said.

In a recent advisory to clients, the Georgia Ports Authority recommended import delivery “well before October 1 to minimize any disruptions.”

In addition to apparel, the Port of Savannah saw on Friday thousands of LED panels, Keurig Coffee brewers, and wine for Constellation Brands. In the Port of Houston, Tempur-Pedic mattresses and products for Home Depot and Ikea were identified as arriving Friday.

This post appeared first on NBC NEWS

Toronto Raptors president Masai Ujiri had already finished speaking to reporters for NBA media day and came back out when he learned about the death of Dikembe Mutombo on Monday morning. But then he almost couldn’t finish what he wanted to say. 

“It’s really hard to believe, and it’s hard for us to be without that guy. You have no idea what Dikembe Mutombo meant to me,” said Ujiri, wiping tears from his eyes and pausing for several moments. “I’m sorry, it’s a tough one. I have to say, though, that guy, he made us, he made us who we are. That guy is a giant, an incredible person.”

The NBA lost a beloved figure when Mutombo, a Hall of Fame center and tireless humanitarian, died of brain cancer at 58 years old. The league announced the news right as 28 of its teams were beginning to hold media day interviews with reporters in their respective cities. So Mutombo’s memory became part of the conversation along with all the other storylines that could unfold during the 2024-25 NBA season. 

Known for his trademark “Finger Wag” celebration on blocks during games and his efforts to improve the quality of life and health in his native Republic of the Congo and with the Special Olympics off the court, Mutombo was hailed for his competitive fire, his kindness and his influence in growing the sport in Africa.

The four-time NBA defensive player of the year finished his 18-season career ranked second all-time in blocks, and played for six teams (Denver Nuggets, Atlanta Hawks, Philadelphia 76ers, New Jersey Nets, New York Knicks and Houston Rockets). His No. 55 jersey is retired by both the Nuggets and Hawks.

Mutombo was considered a global ambassador for the sport through the NBA.

‘Dikembe Mutombo was simply larger than life,’ NBA commissioner Adam Silver said in a statement. ‘On the court, he was one of the greatest shot blockers and defensive players in the history of the NBA. Off the floor, he poured his heart and soul into helping others.’

‘He was a humanitarian at his core,’ Silver continued. ‘He loved what the game of basketball could do to make a positive impact on communities, especially in his native Republic of the Congo and across the continent of Africa. I had the privilege of traveling the world with Dikembe and seeing first-hand how his generosity and compassion uplifted people. He was always accessible at NBA events over the years – with his infectious smile, deep booming voice and signature finger wag that endeared him to basketball fans of every generation.’

In Philadelphia, where Mutombo played for the 76ers in the NBA Finals in 2001, Daryl Morey spoke of being a rookie general manager in Houston who went to Mutombo “all the time” when Mutombo was wrapping up his career with the Rockets playing behind Yao Ming. 

“There aren’t many guys like him. Just a great human being,” Morey said. 

Atlanta Hawks Principal Owner Tony Ressler shared his thoughts through a team release: ‘We are deeply saddened by the news of Dikembe Mutombo’s passing.’

‘I was fortunate to have been able to call him a friend,’ Ressler continued. ‘My family and I were beyond proud to have him represent the Hawks organization on and off the court. With his jersey in the rafters, his life and legacy will always be remembered in Atlanta.’

76ers star Joel Embiid, born in Cameroon, called it “a sad day, especially for us Africans and really the whole world.”

“Other than what he’s accomplished on the basketball court, I think he was even better off the court,” Embiid said. “He’s one of the guys that I look up to as far as having an impact not just on the court, but off the court. He’s done a lot of great things. He did a lot of great things for a lot of people. He was a role model of mine.”

NBA world reacts to Dikembe Mutombo passing

This post appeared first on USA TODAY

Correction: A previous version of the chart had two teams in the wrong order.

Alabama takes over as the new No. 1 in the USA TODAY Sports NCAA Re-Rank 1-134 after Saturday night’s memorable win against Georgia.

The Crimson Tide make a four-spot jump from last week while the Bulldogs drop four spots to No. 5. This pair sandwiches No. 2 Texas, No. 3 Ohio State and No. 4 Tennessee.

Alabama leads the Longhorns by just a hair. Texas has a very good road win against Michigan and a second Power Four victory against Mississippi State in the program’s SEC debut. The Crimson Tide’s win on Saturday is the best by any team so far this season, however, and they also won at Wisconsin in non-conference play. In addition, Alabama’s win against Western Kentucky trumps the Longhorns’ Group of Five wins against Colorado State, Texas-San Antonio and Louisiana-Monroe.

The high-quality road loss locks in Georgia as the highest-ranked one-loss team and keeps the Bulldogs ahead of several unbeaten Power Four contenders in No. 6 Oregon, No. 7 Penn State, No. 8 Miami, No. 9 Iowa State and No. 10 Missouri.

MISERY INDEX: Mississippi’s playoff hopes fall flat after spending big

HIGHS AND LOWS: Alabama-Georgia classic leads Week 5 winners and losers

Another projected SEC contender suffered a steeper drop. After losing 20-17 to Kentucky, Mississippi falls from No. 6 to No. 15. Over in the Big 12, Utah is down seven spots to No. 16 after losing to Arizona.

There are two new faces making a move into the top 25. One is No. 24 Rutgers, which moved to 4-0 for the first time since 2012 after pulling out a narrow win against Washington. Next is No. 25 Indiana, which is 5-0 for the first time since 1967 after beating Maryland in its Big Ten opener.

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One question fantasy managers wrestle with early in the season is how much stock to put in where a player was drafted if he’s not living up to expectations – especially at a premium position.

How long does it take before a slow start turns into a lost season? We’re pretty close to the point of being forced to make that call. Perhaps there’s another fantasy manager in your league willing to buy low on those slumping starters.

So let’s take a look at some players whose values are trending upward (or downward) as a result of their performances in Week 4.

Fantasy football: 5 players to buy in Week 5

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

Fantasy football: 5 players to sell in Week 5

This post appeared first on USA TODAY

The number of undefeated teams in the NFL is down to three.

The Pittsburgh Steelers and Buffalo Bills each lost their respective games Sunday, leaving the Kansas City Chiefs, Minnesota Vikings and Seattle Seahawks as the only unbeaten teams left (Seattle plays Monday night against the Detroit Lions).

Elsewhere, several teams thought to be contenders — such as the New York Jets and Philadelphia Eagles — suffered ugly defeats. Across the NFL, teams have struggled to find consistency early in the 2024 season, so there’s a lot to sort through. One of the biggest surprises, however, has been the upstart Washington Commanders.

Here are the winners and losers from Sunday of Week 4.

WINNERS

Ravens quiet the narrative, finish a game strong

The Baltimore Ravens have developed a reputation for racing out to big leads, only to squander them late in games. Against the Bills, a team that came into Sunday undefeated and playing balanced football, the Ravens categorically throttled Buffalo 35-10.

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

Baltimore didn’t try to outsmart anyone and stuck to what it does best: running the ball. Derrick Henry accounted for 199 yards on the ground, and Baltimore rolled up 271 rushing yards against the Bills. The Ravens executed in the red zone, converting all four trips into touchdowns. They were physical and delivered punishing hits on defense. When the Ravens play like this, they are capable of greatness. The problem is they sometimes get in their own way.

Commanders could be building something special

Washington may have found a star in Jayden Daniels, whose 82.1% completion rate is most in NFL history for any player through the first four games of a season. The offensive line may be the unit in the entire NFL that has shown the most year-over-year improvement; in a 42-14 rout of the Arizona Cardinals, the Commanders (3-1) didn’t give up a single sack.

Daniels is getting plenty of time to throw, but his mobility is proving to be a headache to defend. Still, credit offensive coordinator Kliff Kingsbury for coming up with an offense that’s perfect for Daniels, one in which he can distribute the ball in stride to play makers, even though Washington’s receiving corps is far from the best. The defense certainly has room to improve, though it pressured Kyler Murray all game long, as coach Dan Quinn continues to put his imprint on this team.

Vikings affirm their status as contender

If anyone was still doubting Minnesota’s status as a contender, the Vikings going into Lambeau Field and scoring the game’s first 28 points against the Green Bay Packers should’ve eliminated those concerns. Perhaps what was most impressive, however, was how Minnesota responded to secure the 31-29 win after it allowed its NFC North rival to score 22 unanswered.

Defensive coordinator Brian Flores’ unit forced Green Bay into a pair of turnovers on the Packers’ following two possessions, each of which only went for two plays. That gave Sam Darnold and the offense the chance to make it a two-possession game, which they did with a 33-yard field goal midway through the fourth quarter. Admittedly, this was not the cleanest game for Minnesota; it committed three turnovers and failed to punch in two of its five trips inside the red zone. Still, the Vikings showed, again, that few teams are playing better football than they are.

Falcons fortunate to keep pace in NFC South

This may be a division that isn’t decided until late in the season. Yet, the Atlanta Falcons, on a career-long, game-winning 58-yard field goal from Younghoe Koo, picked up a massive 26-24 victory to give the New Orleans Saints two consecutive losses.

Atlanta still hasn’t put together a crisp offensive game despite boasting speed and athleticism at the skill positions. Quarterback Kirk Cousins has remained deliberate and plodding in his processing after the snap. Atlanta beat New Orleans despite getting outgained 366-315, recording fewer first downs (25-14), losing the time of possession battle (35:42-24:18) and inefficiency on third down. In fact, the offense didn’t score a single touchdown, as the Falcons defense and special teams generated a pair of scores. Atlanta (2-2) nonetheless secured a massive win over New Orleans (2-2) and is one game back of the Tampa Bay Buccaneers (3-1).

LOSERS

Breece Hall, sloppy Jets among the league’s most mercurial

It’s tough to know what kind of team the New York Jets are. With Aaron Rodgers at quarterback, they have flashes of offensive brilliance. But then they have stretches when they lack urgency and competence, commit mental mistakes and let lazy play snowball.

Conditions were rainy and cool in the 10-9 loss to the Denver Broncos, so offensive football was always going to be a challenge. This, however, was unacceptable. Near the end of the first quarter, New York got a gift of a defensive pass interference that put the ball at the Broncos’ 1-yard line. Breece Hall ran into his linemen (twice), the third-down play was thrown away out of bounds, and the fourth-down play was derailed because of a false start, leaving New York to settle for three. The Jets (2-2) committed 13 penalties Sunday. Rodgers was caught several times staring at his teammates in apparent disbelief over these pre-snap infractions. One false start was on Hall, who gained just 4 yards on 10 carries and failed to pick up a blitzing player on the last-gasp fourth down.

Slow starts catch up to Steelers

The Pittsburgh Steelers’ offense was already one of the more pedestrian units in the NFL, but Sunday’s eventual 27-24 loss to the Indianapolis Colts appeared like a chance to build progress, particularly in the rushing game.

Indianapolis came into the game ranked second-to-last in rushing defense, having averaged 179 rushing yards allowed per game. Yet running back Najee Harris (13 carries for 19 yards) continues to be ineffective, especially early in games. Pittsburgh needs more from him. The Steelers, through their four games, have scored only 29 first-half points. They’ve been able to grind out victories on the back of their defense. The Colts, however, neutralized Pittsburgh’s pass rush and controlled the game. Sunday showed the Steelers offense, aside from Justin Fields’ heroics, cannot overcome down days by the defense.

This build of the Jaguars might have already peaked

After falling to the Houston Texans 24-20, Jacksonville is one of only two winless teams left in the NFL; the other is the Tennessee Titans, who play Monday. Going back to last season, the Jaguars have actually lost nine of their last 10 games, with the only victory coming Week 17 last season against a Carolina Panthers team that won two games in 2023.

Trevor Lawrence has moments when he plays well, but he often appears to be too tight, seemingly worried about making mistakes. His accuracy in short-to-intermediate routes has regressed. Under coach Doug Pederson, the team’s situational management has often perplexed. The decision to throw the ball twice late in the game, when ensuring a running clock should’ve been paramount, should be questioned. The offense also had four plays inside the Houston 5-yard line and was turned away on downs. This feels like a team headed for significant change.

Philadelphia desperately needs its receivers back

The Eagles look like a team that won’t be able to make up for the loss of star receivers DeVonta Smith (concussion) and A.J. Brown (hamstring). In a 33-16 loss to the Buccaneers, Philadelphia’s offense got production in the ground game — even though Tampa Bay scored the game’s first 24 points — but Jalen Hurts and the Philly passing outfit lacks any sting without Smith and Brown.

Hurts threw for 158 yards. The leading Eagles receiver from Sunday was Parris Campbell, who caught four passes … for 17 yards. Hurts posted an average of 3.2 yards per passing attempt, which was second worse only to the Broncos (2.4), who played in a rainy slopfest.

Now, when it comes to the team’s defense, which was gashed by Baker Mayfield and the Buccaneers, that’s an entirely different story.

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– Republican vice presidential nominee Sen. JD Vance didn’t let a power outage derail his preparations for Tuesday’s debate with Minnesota Gov. Tim Walz, the Democratic Party’s running mate.

A source familiar with the senator’s debate prep tells Fox News Digital that over the last month, former President Trump’s running mate took part in a series of murder board sessions with his team.

For those not familiar with the term, a murder board is a group of people who ask tough questions and have candid discussions to help someone prepare for a difficult examination or test, or in Vance’s case, a vice presidential debate.

According to the source, Vance conducted a mock debate over the past week, with Rep. Tom Emmer of Minnesota, the House majority whip, playing the role of Walz, Vice President Kamala Harris’ running mate. Former Trump administration Treasury Department assistant secretary Monica Crowley played the role of one of the moderators from CBS News, which is hosting the debate in New York City.

Halfway through the mock debate, the power went out, as a strong storm slammed through the vicinity of Cincinnati, Ohio, where Vance lives and where the prep session was held. But according to the source, who shared the details first with Fox News, Vance and the team continued on, using lanterns for lighting and cellphones for timers.

Emmer, who steered the House Republicans’ campaign committee in the 2020 and 2022 cycles, said last week in a Fox News Digital interview that ‘it’s an honor to be asked to play a very small part in helping JD and President Trump expose the failures of Kamala Harris and Tim Walz.’

Emmer and Walz overlapped for four years in the House before Walz won election in 2018 as Minnesota’s governor. ‘I do know him probably as well or better than most on the Republican side,’ he said.

And Emmer, taking a shot at his fellow Minnesotan, argued ‘the hardest part of playing Walz… is trying to tell lies with a straight face, because that’s what he does. He’s good at the debate game, but there isn’t substance there. There’s a lot of air.’

Former President Trump, asked Monday if he’s given his running mate any advice, told reporters, ‘No, he doesn’t need it.’

But he added that he and Vance have ‘been speaking a little bit back and forth’ and that he thought the senator was in ‘good shape.’

Part of the Trump campaign’s strategy ahead of the debate is to raise expectations for Walz.

‘Walz is very good in debates. I want to repeat that. Tim Walz is very good in debates. Really good. He’s been a politician for nearly 20 years. He’ll be very well prepared for tomorrow night,’ Trump campaign senior adviser Jason Miller told reporters on Monday.

Vance, his family, and top aides and advisers arrived in New York City on the eve of the debate.

Fox News confirmed that Vance will speak to a conference of major Republican donors Monday evening in Manhattan.

According to a source familiar with the GOP vice presidential nominee’s plans, Vance will address the American Opportunity Alliance behind closed doors. That’s a network of major GOP contributors that includes billionaire investors/mega donors such as Paul Singer, Ken Griffin and Warren Stephens. The development was first reported by the New York Times.

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House Oversight Committee Chairman James Comer subpoenaed the Department of Homeland Security for records related to Democratic vice presidential nominee Gov. Tim Walz’s alleged connections to the Chinese Communist Party, Fox News Digital has learned. 

Comer, R-Ky., who announced last month that his committee launched an investigation into those alleged ‘longstanding’ ties, is seeking records including intelligence reports, documents, and communications from Homeland Security. 

Fox News Digital reviewed the subpoena, directed to DHS Secretary Alejandro Mayorkas. 

The subpoena comes after a whistleblower notified the committee of the existence of a non-classified, Microsoft Teams group chat among DHS employees, as well as additional intelligence reports, that allegedly contain information regarding Walz’s alleged connections to the CCP. 

‘The committee has recently received whistleblower disclosures informing the Committee of serious concern among Department of Homeland Security personnel regarding a longstanding connection between the CCP and Minnesota Governor Timothy James Walz,’ Comer wrote in the subpoena cover letter to Mayorkas. 

The non-classified Microsoft Teams group chat is titled ‘NST NFT Bi-Weekly Sync,’ and allegedly contains information relevant to Comer’s probe. 

House Oversight Committee officials told Fox News Digital that information regarding Walz and China have been memorialized in both classified and unclassified documents under the control of DHS. 

‘Specifically, through whistleblower disclosures, the Committee has learned of a non-classified, Microsoft Teams group chat among DHS employees—titled ‘NST NFT Bi-Weekly Sync’—that contains information about Governor Walz that is relevant to the Committee’s investigation,’ Comer wrote. ‘The Committee has also learned that further relevant information regarding Governor Walz has been memorialized in both classified and unclassified documents in the control of DHS.’ 

Comer is subpoenaing Mayorkas for all documents and communications in the Microsoft Teams group chat from July 1, 2024, to present, as well as any uploaded or embedded attachments and documents referring to or relating to Walz or his gubernatorial office or staff. 

Comer is also subpoenaing all intelligence information reports and regional intelligence notes from November 2023 to present related to Walz. 

Comer, last month, revealed that Walz has ‘engaged and partnered with’ Chinese entities, making him ‘susceptible’ to the CCP’s strategy of ‘elite capture,’ which seeks to co-opt influential figures in elite political, cultural and academic circles to ‘influence the United States to the benefit of the communist regime and the detriment of Americans.’ 

Comer has pointed to reports that Walz, while working as a teacher in the 1990s, organized a trip to China for Alliance High School students. The costs were reportedly ‘paid by the Chinese government.’ 

Comer is investigating Walz’s 1994-created private company named ‘Educational Travel Adventures, Inc.,’ which coordinated annual student trips to China until 2003 and was led by Walz. 

The company reportedly ‘dissolved four days after he took congressional office in 2007.’ 

Comer said Walz has traveled to China an estimated ’30 times.’ 

‘In its investigation, the Committee has highlighted the importance of U.S. officials being cognizant of CCP political and psychological warfare efforts that seek to threaten national security,’ Comer said last month. 

Comer then pointed to Walz’s time in Congress, noting he served as a fellow at the Macau Polytechnic University — a Chinese institution that characterizes itself as having a ‘long-held devotion to and love for the motherland.’ 

‘At the time he disclosed serving as a Macau fellow, Mr. Walz also had significant credit card debt,’ Comer said last month upon launching the investigation, noting that in 2019, Walz headlined the 27th National Convention for the U.S. China Peoples Friendship Association in Minnesota.

‘Governor Walz spoke alongside the president of the Chinese People’s Association for Friendship with Foreign Countries, which, a year later, the Department of State exposed as ‘a Beijing-based organization tasked with co-opting subnational governments,’ including efforts to ‘directly and malignly influence state and local leaders to promote the PRC’s global agenda,’’ Comer said. 

Comer said Walz himself has ‘admitted that he does not ‘fall into the category that China necessarily needs to be an adversarial relationship.’’ 

‘Despite bipartisan efforts to identify and defeat CCP unrestricted warfare against America, Governor Walz continues problematic engagement with concerning entities and individuals,’ Comer wrote. 

Comer also pointed to a March 2024 meeting Walz had with Consul General Zhao Jian to discuss ‘China-U.S. relations and sub-national cooperation.’

Comer, in his letter to Mayorkas Monday, said his committee’s investigation of the CCP began long before Walz became the Democratic vice presidential nominee, and said it is focused on understanding ‘the extent of the CCP’s infiltration and influence campaign and to identify legislative reforms to combat CCP political warfare targeting prominent Americans for elite capture.’ 

‘In particular, if a state governor and major political party’s nominee for Vice President of the United States has been a witting or unwitting participant in the CCP’s efforts to weaken our nation, this would strongly suggest that there are alarming weaknesses in the federal government’s effort to defend the United States from the CCP’s political warfare that must be urgently addressed,’ Comer wrote. ‘Along those lines, the Committee is currently considering legislative solutions to ameliorate deficiencies it already has identified among government agencies’ strategies to combat CCP political warfare.’ 

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When it comes to trolling fan bases and programs, college football is hard to beat — especially when the bands get involved.

During Saturday’s ACC football debut for SMU against Florida State — a game that saw the Mustangs win 42-16 — the SMU Mustang Band appeared to troll Florida State with a ‘sad’ version of the Seminoles’ famed War Chant.

SMU’s band took aim at FSU with the Mustangs leading 28-16 with 14:23 remaining in the game. The Seminoles had cut the lead to 12 late in the third quarter, though a potential score by running back Roderick Daniels Jr. threatened to extend the lead. The ruling on the field was he was short, but during the replay review, the band had its moment.

To add insult to injury, officials later ruled SMU scored on the play, giving the Mustangs a 35-16 lead following the point after attempt.

While FSU and SMU had zero football history before Saturday’s contest, it should be noted that Florida State voted against SMU, Stanford, and Cal’s admittance to the ACC last September.

‘We appreciate the efforts of Commissioner Phillips and our conference partners,’ Florida State president Richard McCullough said in a statement. ‘There are many complicated factors that led us to vote no. That said, we welcome these truly outstanding institutions and look forward to working with them as our new partners in the Atlantic Coast Conference.’

FSU and Clemson — which also voted no to the new additions — are in the middle of lawsuits against the ACC.

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PHOENIX — The San Diego Padres look around, make sure no one’s eavesdropping, and talk in hushed tones.

They don’t mention names of the individual players, they don’t belittle their former manager, and they stop themselves before fully expressing their deepest sentiments.

Instead, they drop subtle hints, roll their eyes and let you interpret their feelings any way you want.

They say it still hurts to talk about – but it’s also cathartic, reminding them how far they’ve come.

A year ago, they were easily baseball’s most underachieving team.

Follow every MLB game: Latest MLB scores, stats, schedules and standings.

This year, the Padres may be MLB’s most complete team with an honest-to-goodness chance to win their first World Series championship.

“There was a lot of selfishness and a lot of division amongst the group last year,’ Padres starter Joe Musgrove confided to USA TODAY Sports. “I don’t think you can point a finger at one specific person, but we didn’t really play to the demands of the game. There’s plenty of times we had a simple job to do – maybe not simple because nothing is simple at this level – but a very clear job that big-league hitters should be able to do.

“We just didn’t have the approach. Nobody was happy doing the little things, so we weren’t even looking to do that.’

The Padres, with the third-largest payroll in baseball, and loaded with more stars than anyone, were an epic failure, going 82-80 and missing the playoffs.

The Padres, after more than $100 million in losses, and owner Peter Seidler passing away in November, the ownership group decided to shed about $90 million from their player payroll.

Padres GM A.J. Preller had no choice but to trade one of the game’s most talented players in outfielder Juan Soto. They let Cy Young pitcher Blake Snell and All-Star closer Josh Hader walk away in free agency. They didn’t have enough money to bring back veterans Seth Lugo, Michael Wacha and Nick Martinez.

“I don’t think any of us knew quite what to expect,’ Padres outfielder Fernando Tatis Jr. said. “I know the expectations weren’t as high, but we still had talent here.’

Six months later, they have become player agents’ worst nightmare:

They are winning after cutting their payroll by nearly 40%, with owners taking notice and reminding their own GMs of the Padres’ success.

“I hear that a lot,’ Padres GM A.J. Preller said. “I’m not sure we’re making too many people happy. It’s just something we had to do.’

They now are entering the postseason as the NL’s top wild-card team (93-69) and will face the Braves or Mets starting Tuesday, believing they have the team to win the first World Series title in the franchise’s 56-year history.

“We’re learning from experiences, sharing experiences with each other,’ Musgrove said. “It’s just a really fun group, man. A lot of the fun is because of the confidence we have.

“There’s not really any holes in our game. We feel like we have all the tools to beat anybody.’

This was the kind of success team the Padres envisioned a year ago. They had an abundance of riches, entering the season widely acclaimed as perhaps the team to beat.

They instead became an embarrassment, a team that didn’t spend a day over .500 from May 10 until the last weekend of the season, going 9-23 in one-run games and 2-12 in extra-inning games.

It wasn’t a case of just bad luck.

It was rotten chemistry.

There was more back-stabbing, finger-pointing and name-calling than a presidential debate. There were whispers of the friction between stars Manny Machado and Soto, and the different clubhouse factions, coupled with the open hostilities between Preller and manager Bob Melvin.

“To me, personally, [Soto] was definitely never the problem,’ Padres shortstop Xander Bogaerts said. “We just never played up to the abilities that we had. I don’t want to point fingers on what the problem was, honestly. Some people might want to point out specific people, but that wasn’t the case.

“We just didn’t play the way we know we could, and this year we are. A year can make a big difference. Like in Boston, we won the World Series in 2013. The next year, we were in last place. This stuff that happens in baseball.’

Still, it was unfathomable how ordinary they were.

‘Guys were disappointed and frustrated, two words that were very, very high up on our daily list,’ Bogaerts said. ‘Not being able to win in extra innings, or comeback wins. When we needed a win, we couldn’t.

“I mean, it was tough. Real tough.’

‘Our offense is a machine’

This team, with 19 new players from a year ago, is a living, breathing example of playing the game the way it’s supposed to be played. They put the ball in play more than any other team. They strike out less than any team. They lead the major leagues in extra bases taken on singles and doubles.

Instead of swinging for the fences and worrying about their personal stats, they routinely move runners over, laying down the second-most bunts in the league.

This selflessness is reflected in the difference in comeback victories, going 10-2 in extra innings and 22-19 in one-run games this season. A year ago, they were an MLB-worst 25-42 in games decided by two or fewer runs. This year, they’re an MLB-best 40-25.

“Guys are willing to do what it takes and hit the ball the other way,’’ Musgrove said. “We’ve got plenty of guys who can slug here, but you’ll see those same guys who can slug, hitting the ball the other way and moving runners over. It may not be pretty for you, but that’s your job. So those things get celebrated. Last year, it didn’t seem like anybody was happy about getting the job done because it didn’t provide them a lot of praise.

“Not to say it was all on the hitting side, because there was plenty of that [stuff] on the pitching side, too. But that’s the biggest difference I’ve noticed. Now our offense is a machine, man.’

A year ago, this was a team that would get down, and have no chance of coming back. They were just 8-33 in games they lost a lead last year, compare to 31-22 this year. They’ve won 33 games in which they were tied or trailed in the eighth inning or later, compared to just 18 victories a year ago.

The Padres led all of baseball with a .263 batting average. They also swing and miss less than any team in baseball, with the fewest strikeouts.

“We’re playing the game the right way,’ Tatis said. “We’re stringing hits together now instead of everybody going up there trying to hit a 450-foot homer. We know we have the lineup that we can put together four, five six hits in a row, and can create havoc on the bases.’

Said Padres infielder Jake Cronenworth: “We had more talent a year ago, but we’re a better team this year. We don’t try to do too much. We just keep the line moving, trusting each other.’

Rivals have raved all season about the Padres’ new style of baseball, rarely beating themselves and doing the little things necessary to win.

“They’re very, very connected and understand what their roles are,’ Arizona Diamondbacks manager Torey Lovullo said. “They’re putting bunts down to get guys in scoring position. They’re winning a lot of close games. And that tells me they’re prepared.’

The biggest reason for the turnaround, the Padres’ players say, is new manager Mike Shildt. He still carries around a manual from legendary St. Louis Cardinals player development instructor George Kissell, and has preached fundamentals and attention to detail since he was hired in November.

“Shildty runs as tight a ship as I’ve been around,’ Musgrove said. “But it’s fun, though. I don’t mean to say that in like a strict, and a tight-ass kind of way, he just runs a really good team.’’

Shildt, 56, who managed the Cardinals for four years, credits his players, and lauds the efforts of Preller, who traded away 15 minor leagues to acquire the reinforcements they needed. They grabbed Chicago White Sox ace Dylan Cease just before their season opener in Korea, traded for three-time batting champion Luis Arraez on May 4, and then cleaned up at the deadline by grabbing three relievers in Tanner Scott, Jason Adam and Bryan Hoeing.

“It’s amazing what our GM did,’ Tatis said. “Everything we needed, we got. Look at the guys who helped us in the Juan Soto trade, too.’

The Padres acquired Soto at the trade deadline in 2022 with dreams of grandeur, but he could never lead them to where they wanted to go. When they decided to move him during the winter to the Yankees, they were given a five-player package of pitcher Michael King, prospects Drew Thorpe, Jhonny Brito and Randy Vasquez, along with veteran catcher Kyle Higashioka.

King, made a full-time starter for the first time in his career, became an instrumental member of the rotation, going 3-9 with a 2.95 ERA, striking out 201 in a career-high 173⅔ innings. Higashioka had a career-high 17 homers and told everyone on the bench Saturday night in the ninth inning that he’d hit the game-winning homer. He delivered with a two-run shot – “Hey, who wants to play extra innings this time of year?’

There was Cease, who could in the top three in Cy Young voting, going 14-11 with a 3.47 ERA, striking out 224 batters in 189.1 innings.

Arraez, who had a four-hit game in his Padres’ debut, never stopped hitting after his arrival, and won his third consecutive batting title with three different teams, hitting .314.

Veteran Jurickson Profar, 31, who signed a one-year, $1 million contract after the start of spring training in February, was supposed to be just an insurance policy. He instead became the team’s MVP in the first half and finished the season hitting .280 a career-high 24 homers and 85 RBI.

And maybe the biggest surprise of all was the emergence of rookie sensation Jackson Merrill. Merrill, who two years ago was playing 15-game seasons in high school in Baltimore, hit .294 with 24 homers, 90 RBI and an .826 OPS.

“Nothing against Paul Skenes,’ Shildt said, “but we’re not here without Jackson. He’s meant everything to us. He was just a joy to watch.’

Now, here they are, ready to embark on a deep October run, and perhaps even reunite with the Yankees for a rematch of the 1998 World Series.

“We obviously have a smaller payroll than we did last year,’ Preller said, “but we still have star power. We’re just very well balanced. The pitching the last month has been exceptional. And we got guys in the bullpen that can shut down a game every night.’

And yes, he also has a manager that he gets along with.

“Mike and his group have preached a consistent message and getting guys to play together,’ Preller said. “That’s why this team has played well. We’re a really smart baseball IQ group, and I think that’s been a focus from Day 1. Mike wanted to bring that out.

“Playing solid, fundamental baseball may be boring, but, hey, it helps you win games.’’

The style certainly has earned the affection of Padres’ fans. Boring or not, the Padres drew a franchise-record 3.314 million fans, selling out 54 times.

“I’ve always been on the East Coast,’ King said, “so I certainly wasn’t expecting anything like this. I was coming to a “small market’ and thought they might have some nice little crowds, but, oh, man. You go out to play against a bad opponent on a random Tuesday, and the place is sold out.

“So, I can’t wait to see what it’s going to be like in the playoffs.’

Considering the way the Padres have been playing since July 20, going 43-19 with a 19-8 home record the second half, Petco Park could be busy for another month.

“These guys are playing to win, they’re playing it right,’ Shildt said, “and they’re having fun.’

The combination may seem simple, but as the Padres discovered last year, it can get awfully complicated.

“We’re a real team now,’ Musgrove said. “Everybody’s bought in. We have that togetherness. We have that energy and momentum now.

“That can take you a long way.’

Seidler, in the final year of his life, used to love to say, “One year soon, the baseball gods will smile on the San Diego Padres and we will have a parade.

“The celebration will be both on land and on sea and also in the heavens above.’

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