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Bodycam footage shows Marcus Jordan’s interaction with police in Central Florida, before the son of NBA star Michael Jordan was arrested on suspicion of drunken driving and other felony charges this week.

A portion of footage, released by the Maitland Police Department, shows the younger Jordan’s blue Lamborghini SUV resting partially sideways on a set of railroad track Maitland, an Orange County, Florida suburb.

The video shows another unidentified person, who appears to be female, in the area with Jordan standing nearby his vehicle.

Court documents in the case obtained by a USA TODAY reporter revealed Jordan told police he had left a strip club before getting his vehicle stuck on the tracks sometime around 1:30 am. Tuesday.

‘(I) made a wrong turn,’ Jordan, 34, allegedly told police in the report.

‘Well I’ve already got concerns about your level of impairment,’ a police officer says in the body cam video.

‘Why?’ Jordan replies.

‘Because I smell alcohol coming from you and you are on train tracks,’ the officers responds in the video.

‘This just happened right now, we thought we were making a right and… I turned onto the train tracks,’ Jordan responded. ‘I’d like to get my car out.’

‘We’ll deal with it after this,’ the officer says, then takes Jordan into custody on suspicion of DUI.

How did Marcus Jordan get stopped by police?

According to court records obtained by USA TODAY, police found Jordan in the luxury SUV with the headlights parked on train tracks near Maitland, an Orange County suburb north of Orlando.

After confirming with local dispatchers a train was about 10 minutes away from approaching the railroad crossing area, court documents show two Maitland Police Department officers approached the SUV where they said they saw the vehicle had sustained damage and learned Jordan had been attempting to get the vehicle off of the tracks.

‘The tires were halfway buried in the dirt/rocks on the tracks from being spun repeatedly,’ an officer wrote in the criminal complaint. ‘I noticed the front bumper of the vehicle was covered in rocks from the tracks and there was damage to the bumper.’

The arrest report says that dispatch advised the arresting officers that Jordan’s vehicle had just fled from a traffic stop initiated by the Seminole County Sheriff’s Office. The county is directly north of Orange County.

Jordan’s eyes were reportedly ‘bloodshot and glassy’ when officers spoke to him at the scene and he was ‘confused where he was located.’

Marcus Jordan now free on $4,000 bond

Jordan, whose home address is listed in Orlando, was booked into jail on Tuesday, according to Orange County Corrections Department online records obtained by USA TODAY.

He was arrested on charges of DUI, cocaine possession and resisting arrest, an Orange County Sheriff’s Office spokesperson told USA TODAY Tuesday. On Wednesday, Jordan was free after posting a $4,000 bond, the sheriff’s office spokesperson said.

It was not immediately known whether he had obtained an attorney in the case.

His first court appearance date had not yet been posted online as of Wednesday morning.

Who is Marcus Jordan?

Marcus Jordan is one of Michael Jordan’s five children and a contestant on the ‘Traitors’ Season 2, a reality TV competition steaming on Peacock. He’s also a former guard for the Central Florida Knights basketball team.

He was previously romantically linked to Larsa Pippen, the ex-wife of Scottie Pippen until last year, when the couple called it quits.

Natalie Neysa Alund is a senior reporter for USA TODAY. Reach her at nalund@usatoday.com and follow her on X @nataliealund.

This post appeared first on USA TODAY

LIV Golf competitors will be able to earn exemptions for the 2025 U.S. Open, becoming the first major tournament to provide players who play on that tour a direct way to earn a spot in the tournament, the United States Golf Association announced Wednesday.

For golfers who compete in the Saudi-backed league, a full exemption to the tournament, which will be played June 12-15 at the Oakmont Country Club in Pennsylvania, will be given to the top player who is not otherwise exempt.

The golfer must also be in the top three of the LIV Golf Individual Standings on May 19. Local exemptions will be given to the top 10 players in the standings as of April 7.

LIV golfers Jon Rahm, Bryson DeChambeau, Dustin Johnson, Brooks Koepka, Richard Bland, Cameron Smith and Phil Mickelson are already exempt and can play in the U.S. Open.

Starting with next year’s U.S. Open, which will be held June 18-21 at Shinnecock Hills Golf Club in Southampton, New York, the leading player in the final 2025 LIV individual standings and the leader in the standings May 18 will earn those exemptions.

‘The USGA continues to evaluate the pathways that exist to ensure those playing their best have the opportunity to compete in our national championship,’ John Bodenhamer, USGA chief championships officer said in a statement. ‘Consistent with our historical approach, we continuously evaluate talent levels on professional tours and in amateur events, which has led us to add a new exemption category.’

Currently, there are 25 different categories where players are exempt from local and final qualifying, including the past 10 U.S. Open winners, winners of the 2024 U.S. Senior Open and U.S. Amateur Championship, and the past six winners of the Masters tournament.

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WASHINGTON, D.C. – Protesters rallying against the sweep of the U.S. Agency for International Development (USAID) say that ending ‘corporate welfare’ should be prioritized over looking at money being reportedly funneled to terror-linked groups.

Elon Musk’s Department of Government Efficiency (DOGE) has been conducting a review of ‘waste’ identified within USAID, the government agency that handles the distribution of foreign aid.

According to an analysis by the Middle East Forum, first reported by the Wall Street Journal, the USAID and State Department have funneled at least $122 million to groups aligned with designated terrorists and their supporters. A White House report also identified $15 million of taxpayer dollars being spent on condoms for the Taliban, a known terrorist group.

On Wednesday, Fox News Digital asked individuals protesting the USAID cuts outside the U.S. Capitol their thoughts about the agency reportedly funding terrorist-aligned groups. 

‘I don’t want to hear anything about funding until we stop corporate welfare,’ one protester, who was wearing a mask, told Fox News Digital.

‘I think before we talk about funding that we’re sending off to other countries or devoting to poor people in this country that need help,’ he added, ‘we need to talk about the billions in subsidies that we give to corporations like Tesla, like Space X.’

Another individual, also wearing a mask, said giving money to issues that don’t prioritize helping Americans is ‘crazy.’

‘We need to be worrying about our people. We’re not out here giving money to help our people here and suffering,’ they told Fox. ‘Any money going toward other issues is just crazy.’

Asked about funding to terrorist-linked groups, Michael, a member of Veterans for Peace, said, ‘Funding has to be looked at, but I would suspect that that’s a very small minority of the funding that the U.S. does.’

‘Foreign aid is less than 1% of the U.S. budget. So it’s a very small monetary number,’ he added. ‘And like all programs, it needs to be evaluated every so often. And I think that the small number of programs who supposedly are connected with unsavory type groups are in the minority.’

The protesters all expressed opposition to Musk’s role in the Trump administration as he spearheads efforts to cut costs within the federal government.

‘If the White House would take the time to look at where the funding goes, I think they’d be more than happy with the results and the impact of U.S. taxpayer dollars to make the U.S. safer, stronger, and more prosperous,’ said Mary, who is retired.

Several Democratic lawmakers spoke at the rally, including Sen. Chris Van Hollen of Maryland, Sens. Mark Warner and Tim Kaine of Virginia, Rep. Gregory Meeks of New York, and Reps. John Garamendi and Lateefah Simon of California.

The White House issued a report that revealed where taxpayer dollars have been funneled through the agency, such as over $400,000 to ‘help Indonesian coffee companies become more climate and gender friendly through USAID.’

Musk said on X that he and President Donald Trump came to an agreement that the agency needed to be shut down.

Fox News Digital’s Emma Woodhead contributed to this report.

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A House Oversight Committee hearing devolved into a fight over words on Wednesday after Rep. Nancy Mace, R-S.C., repeatedly used a ‘slur’ to describe transgender people in a hearing on USAID funding.

‘USAID awarded $2 million to strengthen trans-led organizations to deliver gender-affirming health care in Guatemala,’ Mace said. ‘So to each of you this morning, does this advance the interests of American citizens paying for trannies in Guatemala to the tune of $2 million, yes or no?’

When Mace’s five minutes were up, ranking member Rep. Gerry Connolly, D-Va., made a point of parliamentary inquiry to the committee chairman to chide Mace for using the word ‘trannies,’ a term ‘that is considered a slur in the LGBTQ community, and the transgender community.’

‘Let me please finish without interruption,’ Connolly said, before Mace cut him off and repeated the term several more times. 

‘Tranny, tranny, tranny, I don’t really care, you want penises and women’s bathrooms, and I’m not going to have it OK, no, thank you – it’s disgusting,’ Mace barked back.

Chairman James Comer, R-Ky., interrupted and permitted Connolly to finish his thoughts. 

‘To me, a slur is a slur, and here on the committee, a level of decorum requires us to try consciously to avoid slurs. You just heard the gentle lady actually actively, robustly repeated it,’ Connolly said. ‘And I would just ask the chairman that she be counseled that we ought not to be engaged. We can have debate and policy discussion without offending human beings who are our fellow citizens. And so I would ask as a parliamentary inquiry whether the use of that phrase is not, in fact, a violation of the decorum rules.’

Mace – who recently introduced a bill to ban biological men from women’s spaces on all federal property – snapped back that she wasn’t going to be ‘counseled by a man over men in women’s spaces or men who have mental health issues dressing as women.’ The South Carolina Republican also made headlines last November with her push to ban biological males from women’s bathrooms in the U.S. Capitol, inspired by the election of Sarah McBride, D-Del., as the first openly transgender woman elected to the House.

With a slight smirk, Comer said, ‘I’ll be honest with the ranking member – I’m not up-to-date on my politically correct LGBTQ terminology.’

‘We’ll look into that and get back with you on that. I don’t know what’s offensive and what’s not. I don’t know much about pronouns,’ he said. 

The hearing, which was about government efficiency and called ‘Rightsizing Government,’ began Wednesday morning and included as witnesses Iowa Gov. Kim Reynolds and Citizens Against Government Waste president Thomas A. Schatz. 

The hearing also fell into some confusion when Connolly demanded the committee subpoena the leader of the Department of Government Efficiency (DOGE), tech billionaire Elon Musk.

A review of USAID’s recent history shows that it was repeatedly accused of financial mismanagement and corruption long before Trump’s second administration, Fox News Digital previously reported. 

Musk has led the charge against USAID – an independent U.S. agency established during the Kennedy administration to administer economic aid to foreign nations – as he leads DOGE’s mission of cutting government fat and overspending at the federal level. 

Fox News Digital’s Emma Colton contributed to this report. 

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Republican Iowa Sen. Joni Ernst published a list of projects and programs she says the U.S. Agency for International Development (USAID) has helped fund across the years, highlighting it as ‘wasteful and dangerous’ spending that has gripped taxpayers until the Department of Government Efficiency (DOGE) stepped in. 

‘From funneling tax dollars to risky research in Wuhan to sending Ukrainians to Paris Fashion Week, USAID is one of the worst offenders of waste in Washington… all around the world,’ Ernst posted to X on Monday before rattling off a handful of examples. 

Ernst highlighted that the agency ‘authorized a whopping $20 million to create a Sesame Street in Iraq.’ 

Under the Biden administration, USAID awarded $20 million to a nonprofit called Sesame Workshopto produce a show called ‘Ahlan Simsim Iraq’ in an effort to ‘promote inclusion, mutual respect, and understanding across ethnic, religious, and sectarian groups.’ 

‘As Iraq recovers from years of conflict, communities struggle to find a new sense of normalcy while physical and emotional wounds remain,’ an archived link to USAID’s website reads. ‘The legacy of Iraq’s conflict with the Islamic State of Iraq and Syria (ISIS) left many children without a stable home or displaced, especially those from Iraq’s ethnic and religious minorities. Additionally, Iraqi youth, who make up over half of the population, are unable to find jobs in an economy strained by war and corruption, creating vulnerabilities to radicalization.’ 

USAID’s website shut down this week as DOGE and tech billionaire Elon Musk put the agency under its microscope. 

The show is styled like the American kids’ show ‘Sesame Street,’ and was granted funding that began in 2021 and runs until 2027, according to the achieved website. The show continues to air in the Middle East, a review of its website shows. 

In another example Ernst highlighted, USAID was found to have provided millions of dollars to farmers in Afghanistan in an effort to get them to grow food instead of poppy fields and opium. 

The plan, however, backfired and led to an increase in poppy production, and thus opium production, during the war in Afghanistan. 

‘During the height of the war in Afghanistan, USAID spent millions of dollars to help Afghans grow crops instead of opium,’ Ernst posted to X Monday. ‘The results: opium poppy cultivation across the country nearly doubled, according to the UN.’ 

USAID, as well as the U.S. military, paid farmers to build or rehab miles of irrigation canals in the Helmand province, Afghanistan, during the Obama administration in an effort to persuade the farmers to grow fruits and other plants, the Washington Post reported in 2019. The farmers, however, used the canals to grow poppies. 

Poppy production almost doubled in the region between 2010 and 2014, the Post reported, citing U.N. figures. 

In another example, Ernst said USAID spent $2 million to fund ‘Moroccan pottery classes and promotion.’ Morocco has for thousands of years created pottery, dating back to 6,000 B.C.  

Former Oklahoma Republican Sen. Tom Coburn, who died in 2020, published a government ‘waste book’ in 2012 detailing that USAID ‘began pursuing a four year plan to improve the economic competitiveness of Morocco’ beginning in 2009, which included $27 million in funding. 

A portion of the funding was directed to a program that ‘involved training Moroccans to create and design pottery to sell in domestic and international markets,’ according to the report. 

The American pottery instructor hired to teach local artists, however, was unable to communicate with them as a translator for the program was ‘not fluent in English,’ according to the waste book. 

‘An American pottery instructor was contracted to provide several weeks of training classes to local artists to improve their methods and teach them how to successfully make pottery that could be brought to market,’ the waste book reported. ‘Unfortunately, the translator hired for the sessions was not fluent in English and was unable to transmit large portions of the lectures to the participants.’ 

Ernst added in another example that USAID ‘funneled nearly $1 million into batty research on coronaviruses at China’s infamous Wuhan Institute of Virology, which the CIA admits was the likely source of COVID-19.’ 

The Government Accountability Office published a report in 2023 finding that both USAID and the National Institutes of Health directed taxpayer funds to American universities and a nonprofit organization before the money found its way to Chinese groups, including the Wuhan Institute of Virology.

The report found that between 2014 and 2021, U.S. taxpayer funds were redirected to entities, including the Wuhan Institute of Virology, the Wuhan University and the Academy of Military Medical Sciences, which is part of the Chinese Communist Party. The three groups each received more than $2 million combined from the U.S. government ‘through seven subawards,’ according to the report.

‘The selected entities are government institutions or laboratories in China that conduct work on infectious diseases, including pandemic viruses, and have had actions taken by federal agencies to address safety or security concerns,’ the report states. ‘All three selected Chinese entities received funds.’

In January, the CIA under the second Trump administration released an updated assessment on the origins of COVID-19, favoring the theory that the contagious disease was due to a lab leak. The CIA previously had maintained that it did not have sufficient evidence to conclude whether COVID originated in a lab or a ‘wet market’ in Wuhan, China.

Ernst claimed in the X thread that USAID also provided funds to boost tourism to Lebanon and to send Ukrainian models to fashion week. 

‘The agency spent $2 million promoting tourism to Lebanon, a nation the State Department warns against traveling to ‘due to crime, terrorism, civil unrest, kidnapping, unexploded landmines, and the risk of armed conflict,” she wrote. 

‘USAID spends money like it’s going out of fashion, literally,’ she wrote. ‘Trade assistance to Ukraine paid for models and designers to take trips to New York City, London Fashion Week, Paris Fashion Week, and South by Southwest in Austin.’

The Trump administration and DOGE, which is led by Musk, put USAID in its line of fire over the weekend, as DOGE continues tearing through government agencies to strip them of reported overspending and corruption. 

Secretary of State Marco Rubio stated that he is now the acting director of USAID, and told the media on Monday that the agency needs to be brought in line with Trump’s ‘America First’ policies, which include heightened scrutiny over the distribution of taxpayer funds overseas. 

Musk has meanwhile slammed the agency as a ‘viper’s nest of radical-left marxists who hate America,’ and reported in an audio-only message on X overnight on Sunday that ‘we’re in the process’ of ‘shutting down USAID’ and that Trump reportedly agreed to shutter the agency.

Democrats have slammed the Trump administration’s efforts on USAID. Rep. Ilhan Omar, D-Minn., accused Trump of starting a dictatorship while she protested outside USAID headquarters on Monday. 

‘It is a really, really sad day in America. We are witnessing a constitutional crisis,’ Omar said. ‘We talked about Trump wanting to be a dictator on day one. And here we are. This is what the beginning of dictatorship looks like when you gut the Constitution, and you install yourself as the sole power. That is how dictators are made.’

Fox News Digital’s Brooke Singman and Caitlin McFall contributed to this report. 

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Republican spending hawks in the House of Representatives are pushing their leaders to include at least $2.5 trillion in spending cuts in a massive piece of legislation intended to advance President Donald Trump’s agenda.

Republicans held their weekly closed-door agenda meeting on Wednesday where they discussed a path forward via the budget reconciliation process. 

By lowering the threshold in the Senate from two-thirds to a simple majority – which the House already operates under – reconciliation allows the party in power to pass sweeping fiscal policy changes while skirting the opposition.

Several sources told Fox News Digital there was significant ‘frustration’ within the House GOP conference on Wednesday over a lack of a concrete final plan from Republican leadership. 

One GOP lawmaker said that tension bubbled up with several ‘heated exchanges,’ with conservatives demanding a concrete plan and minimum spending cuts at significantly higher levels than what was initially proposed.

‘I think there’s a lot of frustration right now,’ the lawmaker told Fox News Digital. ‘They’ve been trying to be inclusive, but not every open forum they’ve offered is giving members the ability to say, ‘I feel like people are listening to me,’ because I don’t know that’s the case right now.’

There’s also concern that the Senate, which is growing impatient with the House, could move forward with its own plan if the House doesn’t release one first – which House Republicans worry will include much shallower spending cuts than what could pass in the lower chamber.

‘What we’re worried about is losing the opportunity. I think we’re more likely to cut than they are,’ a second GOP lawmaker said.

Senate Budget Committee Chairman Lindsey Graham R-S.C., announced plans to move forward with the upper chamber’s own bill on Wednesday afternoon. He now plans to advance a measure through his committee next week.

A third House Republican said GOP lawmakers were fed up waiting for a ‘play call.’

But senior House GOP aides pushed back on the notion there was no play call, pointing out that Republican leaders held countless listening sessions culminating at the recent three-day House GOP retreat in Miami to consult members and emerge with a blueprint for a one-bill strategy that maintains scoring flexibility. The aides said the reconciliation process has had a 95% participation rate among House Republicans.

House GOP leaders were forced to delay a key vote on advancing a reconciliation bill through the House Budget Committee, the first step in the process, after spending hawks pushed back on initial proposals for spending cuts between $300 billion and $600 billion.

House Majority Leader Steve Scalise, R-La., said on Tuesday night that it would likely be planned for next week, but that leaders’ final goal of having a bill on Trump’s desk in May remained unimpeded. 

Three sources told Fox News Digital that leaders are floating a plan that would include roughly $1.65 trillion as a baseline for spending cuts, though two people stressed they saw the figure as one of several tentative ideas rather than a final plan.

Two other sources said it would also include measures that lead to an additional $1.65 trillion in economic growth.

Republicans are trying to pass a broad swath of Trump policies via reconciliation, from more funding for border security to eliminating taxes on tips and overtime wages. Trump has also made clear that he views extending his Tax Cuts and Jobs Act (TCJA) of 2017 as vital to the process.

The tax cuts have proved a sticking point with some spending hawks, however, because several estimates show they could add upwards of $1 trillion to the federal deficit over 10 years if extended. Those spending hawks have said they support extending the tax cuts but are seeking deep funding rollbacks elsewhere to offset them.

Three people involved in the discussions also told Fox News Digital that House GOP leaders are considering extending the TCJA tax cuts by five years instead of 10 to mitigate those concerns.

Reps. Chip Roy, R-Texas, and Ralph Norman, R-S.C., two conservative members of the House Budget Committee, both told reporters they wanted to see the baseline for spending cuts set at roughly $2.5 trillion.

Roy told reporters that $2.5 trillion would amount to roughly $250 billion per year in federal savings over 10 years – while pointing out the U.S. was currently running a $36 trillion national debt.

House GOP leaders vowed to seek $2.5 trillion in spending cuts back in December, to get conservatives on board with a bill averting a partial government shutdown.

‘They said $2.5 trillion of cuts. So, deliver. That will unlock the door,’ Roy said.

Norman told reporters multiple times this week that he wants between $2 trillion and $3 trillion in cuts.

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Staffers and contractors who work with the U.S. Agency for International Development (USAID) were stunned and angered after President Donald Trump and the Department of Government Efficiency (DOGE) – the government accountability unit headed by billionaire Elon Musk – effectively shut down the $40 billion agency on Monday.

One USAID staffer who wished to remain anonymous told Fox News Digital that 80% of staff across its bureaus learned they lost access to the agency’s systems on Monday morning, including travel, communications, classified information and databases – leading to questions about how to repatriate American citizens in some of the most dangerous places in the world should the need arise.

Staffers also feel they were ‘left high and dry’ and ‘have no idea what to do or where to turn’ after being ‘abandoned by Congress and the government,’ the source said, adding they felt the agency was ‘hostilely taken over by DOGE.’ 

‘The richest man in the world is taking this away from the poorest people in the world,’ the source said of Musk.

USAID was set up in the early 1960s to act on behalf of the U.S. to deliver aid across the globe, particularly in impoverished and underdeveloped regions. The Trump administration alleges that much of the spending has been wasteful, promoting a liberal agenda around the world. 

DOGE has particularly criticized a $1.5 million program slated to ‘advance diversity, equity and inclusion in Serbia’s workplaces and business communities’ and a $70,000 program for a ‘DEI musical’ in Ireland.

Democrats counter that the agency plays a vital role in U.S. national security interests and say it should remain independent. They point to the work USAID did to counter Soviet influence during the Cold War – a sphere of influence that could remain a concern amid China’s Belt and Road Initiative.

‘It’s not a generosity project,’ the source said of USAID, ‘this is a national security agency and effort at its core’ that ‘protects borders and cuts threats off,’ such as working to contain Ebola and dispersing COVID vaccines to keep such threats outside the U.S.

Musk has said that both he and Trump ‘agreed’ that the agency should be ‘shut down.’ Secretary of State Marco Rubio, who has been named acting director of the independent agency, on Monday echoed the sentiment, telling reporters, ‘USAID is not functioning.’

‘It needs to be aligned with the national interest of the U.S. They’re not a global charity, these are taxpayer dollars. People are asking simple questions. What are they doing with the money?’ Rubio continued. ‘We are spending taxpayers’ money. We owe the taxpayers assurances that it furthers our national interest.’

The scope of work overseen by USAID is vast and ranges from administering foreign aid through humanitarian efforts like famine relief, clean water distribution programs, and medical services, including administering polio vaccines, HIV/AIDS relief and prevention work. It also bolsters democracy, human rights and governance initiatives.

The source said the stop work order has left medications for HIV and even vaccines meant for distribution in overseas regions sitting on shelves, saying, ‘It has all stopped.’

Steve Schmida, who runs global consulting firm Resonance, which competes for contracts with USAID, told Fox News Digital that the shutdown is impacting contractors in the form of layoffs, furloughs and a reduction in hours. He also said the stop-work order has prevented his employees from getting paid for work they’ve already done.

Schmida said DOGE is ‘controlling payments’ by taking over the payment system. He accused the Musk-led agency of ‘intentionally defrauding us.’

‘If not stopped, it will spread to the rest of the government,’ Schmida said, adding that the Trump administration’s DOGE could use its takeover of the payment system as ‘a weapon against American citizens, denying Social Security and Medicare if they step out of line.’

Schmida said the foreign assistance community recognizes and shares the desire to reform the system, stating it ‘could work a lot better,’ though he urged the government to work toward improvement rather than the destruction of an agency whose work has been built up over seven decades.

Fox News’ Caitlin McFall contributed to this report.

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In this exclusive StockCharts video, Joe presents a trading strategy using the simple moving average. Explaining what to watch and how it can tell you what timeframe to trade, he shares how to use it in multiple timeframes. Joe covers the QQQ and IWM and explains the levels to monitor in both indices. Finally, he goes through the symbol requests that came through this week, including KR, IBM, and more.

This video was originally published on February 5, 2025. Click this link to watch on Joe’s dedicated page.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

The trading week started with investors worried about tariffs, but the 30-day delay of tariffs on imports from Canada and Mexico shook off those worries. The three broad stock market indexes — S&P 500 ($SPX), Nasdaq Composite ($COMPQ), and Dow Jones Industrial Average ($INDU) — closed higher. Then came the retaliation on US tariffs from China, but that didn’t do much damage to the market.

 Let’s face it; the stock market is headline-driven at the moment. Based on the news, investors may favor healthcare stocks one day and tech stocks the next. For individual investors, playing the sector musical chair game makes for a difficult investment environment. So, instead of getting caught up in catching the right sector at the right time, it’s best to focus on the big picture and look at the longer-term trends and patterns. One way to do this is to examine the performance of different sectors, industry groups, and indices through the Bullish Percent Index (BPI).

StockCharts Tip: If you haven’t done so, download the Essentials ChartPack (Charts & Tools tab > ChartPacks). The Market & Index Bullish Percent Indexes list has seven charts in the ChartList (see below).

FIGURE 1. DOWNLOADING CHARTPACKS. From the Charts & Tools tab, select ChartPacks to download the Essentials ChartPack.Image source: StockCharts.com. For educational purposes.

You could add more charts to the list. For example, I use a BPI ChartList each day to determine which sectors are bullish, overbought, or oversold. The image below displays some of the charts in my BPI ChartList.

FIGURE 2. VIEWING THE BULLISH PERCENT INDEX (BPI) CHARTLIST. The Summary view helps to see which sectors are bullish, bearish, overbought, or oversold.Image source: StockCharts.com. For educational purposes.

Viewing the ChartList in the Summary view helps to identify if the BPI is bullish, bearish, overbought, or oversold. You can also identify which sectors had the biggest changes for the day.

In the above image, the S&P Financial Sector BPI was the only one above 70, and Consumer Staples Sector BPI or $BPSTAP (not visible in the image; you’ll have to scroll to the next page) was the only one below 30.

Which Sectors Are Feeling the Love?

On Wednesday, the Predefined Alerts panel flashed that the Consumer Staples Sector BPI crossed above 30. This was a bull alert trigger warranting a closer look.

The chart below displays $BPSTAP with the Consumer Staples Select Sector SPDR ETF (XLP).

FIGURE 3. CONSUMER STAPLES BPI VS. CONSUMER STAPLES SELECT SPDR ETF (XLP). The BPI for the Consumer Staples Sector has crossed above 30, which is a bull alert trigger. The XLP chart still has to confirm a bullish move.Chart source: StockCharts.com. For educational purposes.

Although the $BPSTAP has crossed above 30, the XLP chart doesn’t display a bullish trend. Given that inflation is a big concern among US consumers, it’s worth monitoring the Consumer Staples sector for a chance to buy some stocks.

We posted an article on three stocks in the Consumer Staples sector, focused on Walmart, Inc. (WMT), Costco Wholesale Corp. (COST), and Sprouts Farmers Market (SFM). These stocks are still looking strong, but come with a high price tag. So, instead of purchasing the stock outright, I decided to explore options strategies for these stocks.

Options To the Rescue

After analyzing all three stocks using the Options tool (see image below), I considered a call vertical spread on COST and WMT. SFM wasn’t under consideration since it had a low-scoring strategy.

COST had an OptionsPlay score of 108. The call vertical trade would cost me $4,250 with an 182.35% potential return.WMT had an OptionsPlay score of 106. The trade would cost me $508 with a 172.05% potential return.

WMT was the lower-risk play, so I placed the April 17 100/115 call vertical, a strategy displayed in the OptionsPlay Explorer tool, with my broker (see image below). I got filled at a price slightly higher than $508 due to price fluctuations and broker fees.

FIGURE 4. OPTIONSPLAY EXPLORER DISPLAYS THREE OPTIMAL TRADES FOR WMT. The April 17 100/115 call vertical was the most optimal trade with a good risk/reward tradeoff. Image source: OptionsPlay Add-on at StockCharts.com. For educational purposes.

Closing Position

There are 71 days till expiry. If WMT closes above $105.08 the trade will be profitable. The target price is $113.82.

There’s a 38.89% probability of the stock closing above $105.08 by expiration, all else equal. I’ll monitor the position and, if the price target is reached, I will close my position. Another point to keep in mind is that WMT reports earnings on February 20 before the market opens. Volatility will likely increase around that time and could significantly move the stock price in either direction.

The U.S. Postal Service has agreed to resume accepting shipments from China, less than 12 hours after announcing it would stop doing so.

‘Effective February 5, 2025, the Postal Service will continue accepting all international inbound mail and packages from China and Hong Kong Posts,’ it said in an updated statement Wednesday morning. ‘The USPS and Customs and Border Protection are working closely together to implement an efficient collection mechanism for the new China tariffs to ensure the least disruption to package delivery.’

The Postal Service had earlier announced it would stop accepting packages from China, as well as Hong Kong, in the wake of the Trump administration’s decision to impose a new round of 10% tariffs on all goods coming from the country.

Letters and flats were not affected by the initial announcement. While the Postal Service did not offer an explanation for the shipment halt, Trump ended a so-called ‘de minimis’ exemption for Chinese goods worth less than $800 in making the tariff announcement.

A Chinese Foreign Ministry spokesperson had earlier said China would take “necessary measures” to protect its companies, The Associated Press reported — urging the U.S. to “stop politicizing economic and trade issues and using them as a tool, and to stop unreasonably suppressing Chinese companies.”

CORRECTION (Feb. 5, 2025, 10:35 a.m. ET): A previous version of this article misstated when the Postal Service announced it would resume accepting shipments from China. The move came 12 hours after it stopped doing so, not 24.

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