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‘Colonies problem’: Delegate’s mic cut after outcry during House speaker vote

 

U.S. Virgin Islands Delegate Stacey Plaskett protested the nonvoting status of the Virgin Islands and other U.S. territories Friday— sparking mixed reactions after she accused the U.S. in House floor remarks of having a ‘colonies problem.’

The exchange occurred after Plaskett, a Democrat, stood after the first roll call vote to note what she said was a parliamentary inquiry.

Plaskett then asked the House clerk why she and other delegates from the Northern Mariana Islands, Puerto Rico, the Virgin Islands, and the District of Columbia were not asked to participate in the House speaker vote.

Combined, she noted that the delegates excluded represent some four million Americans and what she said was ‘the largest per capita of veterans in this country.’

Speaking over Republican cries of ‘order!’ that could be heard in the background, the House clerk then explained to Plaskett that delegates-elect and the resident commissioner-elect are not qualified to vote in the House speaker election.

‘Representatives-elect are the only individuals qualified to vote in the election of a speaker, as provided in Section 36 of the House Rules and Manual,’ the clerk said.

That response prompted an impassioned response from Plaskett. ‘This body, and this nation, has a territories and a colonies problem,’ she said, prompting some Democrats to give a standing ovation.

Republicans, for their part, began booing.

‘What was supposed to be temporary has now effectively become permanent,’ she said. ‘We must do something about this problem.’

Her mic appeared to have been cut off shortly thereafter.

Plaskett has served as a non-voting delegate to the U.S. Virgin Islands since 2015, during which time the chamber has voted to elect seven separate House speakers. 

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GOP rebels switch vote to Johnson after Trump’s 11th hour calls, pushing him over the finish line

President-elect Trump appears to have helped Speaker Mike Johnson, R-La., avoid a messy, drawn-out fight to lead the House of Representatives.

Trump spoke by phone with both Reps. Ralph Norman, R-S.C., and Keith Self, R-Texas, after they had initially voted for people other than Johnson for speaker, two knowledgeable sources told Fox News Digital.

Self and Norman were seen disappearing into a side room with Johnson and others after the roll call vote was complete, but before the vote was formally closed. 

They emerged minutes later and announced they would both vote for Johnson – cementing the Louisiana Republican’s victory.

Self then confirmed to reporters that he had spoken with Trump by phone multiple times on Friday.

‘I talked to him a couple of times today,’ Self said. ‘We had a lively discussion.’

Self did not elaborate much further on the contents of the discussion.

But the two people who spoke with Fox News Digital said Rep. Nancy Mace, R-S.C., connected Trump with Self and Norman by phone after they voted against Johnson.

Mace would not comment, but Fox News Digital saw her and Johnson share a hug on the House floor after they and others were in the side room with the holdouts.

She was also seen in intense talks with Norman off the House floor earlier.

Norman also later confirmed to reporters that he spoke with Trump on Friday.

‘He just made his point about how Mike is the only one who could get elected,’ Norman said, adding that Trump did not change his vote but rather a ‘commitment that things are gonna change’ from Johnson.

Johnson won the House speakership in the first round of voting, after it initially appeared he was poised to lose.

Self, Norman and Rep. Thomas Massie, R-Ky., each voted for people other than Johnson, appearing to put the speaker’s gavel out of reach.

But House leaders did not formally close the vote while figuring out a path forward. Meanwhile, GOP lawmakers were told to be on the House floor immediately in preparation for a second vote.

That second vote did not occur, however, and Johnson was sworn in as speaker on Friday afternoon.

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These 3 Charts Are Among The Most Critical To Start 2025

Obviously, there will be many ups and downs in 2025 and no one chart or indicator can be relied upon 100% to help guide us throughout the year. But some key and very influential areas of the market do meet crossroads from time to time and it seems like one very important industry group is “on the clock” and should really garner our attention right now.

Regional Banks

While I don’t look for market-beating returns out of regional banks (KRE) to feel good about a secular bull market, I really do want to see them participate in market advances. If we look back at the last 5 years, the KRE has been a serious laggard, but its relative strength vs. the benchmark S&P 500 has shown some life since July 2024, at the time that the June Core PPI was released. Wall Street immediately moved into regional banks in droves as the likely fed funds rate cuts ahead would directly increase profits significantly for all banks, but especially small to mid size banks. But will this newfound strength continue? Well, let’s look at the key levels using 3 different time frames.

Weekly

The big picture has clearly been improving, which bodes well for 2025. However, we don’t want to begin to see cracks in the house foundation turn into a collapsing house. I like the recovery this week after testing key price support around 59. But a drop below 59 could lead to a lower channel line support test, closer to 53. That would be another 10% drop, which wouldn’t be good. Let’s move to the next chart:

Daily

This is an interesting chart. The channel lines don’t connect perfectly, especially the lower uptrend line, but it’s close. Furthermore, the KRE printed a double bottom at 59, almost squarely on gap support that was created by the 2024 Presidential Election results. In order to feel more bullish about this chart, I’d like to see the KRE move higher and clear both the declining 20-day EMA and recent price resistance at about 61.50. For a final look at the KRE, check this out.

Hourly

This is the crack in the foundation. While absolute price support has held and we now show a potential double bottom, relative action tells us a different story as the KRE has moved to another relative low on this hourly chart. Which way will the KRE bounce? If it can clear its current consolidation range by closing above 61.50, the odds of a bullish reversal improve considerably and will likely spill over into the daily and weekly charts above. On the other hand, should the KRE turn lower again and fail to hold 58.80 price support, the hourly breakdown could lead to daily, and then weekly, breakdowns as well.

Market Vision 2025

Regional banks is just one key industry group to watch early in 2025. I see a few others that I’ll be discussing tomorrow at our MarketVision 2025 event, “The Year of Diverging Returns”, which begins at 10:00am ET. To learn more about the event and to register, please CLICK HERE.

Happy trading!

Tom

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Georgia’s ugly playoff exit signals SEC boogeyman is dead. But for how long?

The signs are everywhere, the undeniable has arrived. The boogeyman is dead.

After Georgia’s final and inevitable unraveling Thursday in a 23-10 wipeout loss to Notre Dame in the College Football Playoff Sugar Bowl quarterfinal, the SEC’s last national title hope is a newbie. 

Who just arrived from a conference it once scoffed at.

Well, look who’s laughing now: all of college football. Once Ohio State eliminates Texas next week in the Cotton Bowl semifinal, there will be no doubt.

Rejoice, everyone. The SEC finally received its comeuppance.

All of the beaten down and battered at the hands of the SEC for the last two decades, all of the ostracized and outcast that got brief respite from Michigan’s national title last season, got a full-blown end to it all this time around. 

The boogeyman is dead. The only question: for how long?

Georgia hasn’t win a College Football Playoff game since winning back-to-back national titles in 2021-22. 

Alabama hasn’t won a College Football Playoff game since it beat Group of Five school Cincinnati in 2021. 

LSU hasn’t won a College Football Playoff game since 2019.

SEC faces big questions in 2025

If you think that’s a bad look, take a glance at 2025. As college football pushes blindly into a new cash-fueled frontier – with the SEC at the forefront – the once sleek machine is breaking down all over the 16-team conference. 

Alabama just finished a season with four losses for the first time since former coach Nick Saban’s first season in 2007. A few hours before the Sugar Bowl kicked off, Tide quarterback Jalen Milroe announced he was headed to the NFL — leaving the program in turmoil at the most important position on the field.

Not to mention the uncertainty at the most critical position of all: coach Kalen DeBoer.

Georgia lost three games in a season for the first time since 2018, and it’s now clear that coach Kirby Smart’s decision two years ago to hire his unemployed best friend and college roommate (Mike Bobo) as offensive coordinator has gone horribly wrong.

The Dawgs won back-to-back national titles with a former walk-on (Stetson Bennett) playing quarterback for a real, live, offensive coordinator (Todd Monken). They’ve been out-coached for two seasons with Bobo and blue-chip quarterbacks (Carson Beck, Gunner Stockton), winning on talent alone until it mattered most. 

The Georgia quarterback room is full of youth and uncertainty, and the offensive coordinator isn’t going anywhere. Now what?

Alabama bottomed out this season in a bowl loss to one-dimensional Michigan, a season of confounding losses calling into question the guy running the show. Now it begins again with former five-star quarterback recruit Ty Simpson stepping into the void, and the program hasn’t looked this vulnerable since the Mike Shula years.

The Mike Shula years.

The collective shudder from Tuscaloosa is reverberating throughout the SEC. Now what?

LSU hired Brian Kelly away from Notre Dame three years ago, has lost every season opener since and hasn’t sniffed the playoffs. It bottomed out this season, with eight regular season wins — a year after Kelly wasted a generational performance from quarterback Jayden Daniels because his defense couldn’t stop anyone. 

The Tigers didn’t hit big in the transfer portal while Kelly got his southern high school recruiting sea legs, and talented quarterback Garrett Nussmeier still makes unthinkably bad decisions. Now what?

The other SEC contenders

Tennessee finally arrived in the playoff, and promptly lost by 25 at Ohio State to underscore the dirty little secret of the selection committee: the earlier you lost in the SEC, the safer you were. 

The Vols won 10 games, and their marquee win in October was beating Alabama at home ― which almost everyone did. Tennessee then had to beat Texas-El Paso and Vanderbilt to finish the season, while everyone else got dinged in the November demolition derby.

If you think Tennessee was a playoff-worthy team, I’ve got a wildly overrated team from Bloomington, Indiana, to sell you. The Vols haven’t been a legitimate threat without talented quarterback Hendon Hooker running the show. Now what?

Ole Miss spent millions in the transfer portal and lost twice as a double-digit favorite, and missed the CFP. The Rebels, despite coach Lane Kiffin setting school records, are still capable of beating Georgia and losing to Kentucky.

Texas A&M paid off a $90 million dollar gamble on Jimbo Fisher, and a year later, is Texas 8&5 again under Mike Elko.

Oklahoma – you remember the Sooners, don’t you? – hasn’t been the same since Lincoln Riley skulked out of town three years ago with the roster in decline. And took the best player (Caleb Williams) with him.

Florida hasn’t been the same since a player threw a shoe and cost the Gators a critical November game in the middle of the playoff race, and four years and two coaches later, the most unstable blue blood in the conference has the most non-Texas momentum heading into 2025. 

Because no matter how bad it looks next week in the loss to Ohio State, Texas has recruited well enough and has the experience and talent to be a legitimate national title contender in 2025. All it will take is another Manning (Arch) putting together another elite season in the SEC. 

Then again, Peyton and Eli never won a national title.

Georgia was outsmarted by Notre Dame

Not long after the loss to Notre Dame, Smart was asked in the post-game press conference about the biggest play of the most important game of the season. A play where the best coach in college football was outsmarted by Irish coach Marcus Freeman. 

Notre Dame was in punt formation on fourth-and-1 early in the fourth quarter, trying to run clock and protect a two-score lead. The Irish then ran the offense on the field and the punt team off, forcing Georgia to do the same. 

Georgia jumped offside prior to the snap, and the Irish extended the possession and ran more precious clock. Smart’s response to the pivotal moment said it all. 

“I’ve been told by our head officials in the SEC you can’t do that,” Smart said. 

Imagine that, the big, bad SEC is complaining that the mean man isn’t fair. 

The boogeyman is dead, everyone. 

Matt Hayes is the senior national college football writer for USA TODAY Sports Network. Follow him on X at @MattHayesCFB.

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LeBron James excited for youngest son’s commitment to Arizona

LeBron James says he is excited after his youngest son, Bryce, committed to the University of Arizona to continue his basketball career.

The 17-year-old senior from Sierra Canyon High School in Chatsworth, California, had offers from Ohio State and Duquesne before choosing Arizona.

“It was his decision to make, and he went where he felt comfortable,” the elder James said after scoring 38 points in the Los Angeles Lakers’ 114-106 win over the Portland Trail Blazers. “Coach (Tommy) Lloyd is a straight shooter. Gave him exactly what they believe (about) him, what they thought about him as a person, as a player. We’re happy to be part of the Bear Down community now.”

The four-time champion also took time to poke some fun at some former Arizona players who were his teammates when the Cleveland Cavaliers won the NBA title in 2016.

“Got some terrible friends in Richard Jefferson and Channing Frye that are alum there,” James said. “So not too excited about that, but other than that, we’re excited to go be a part of the Tucson community.”

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Bowl games today: Breaking down the First Responder and Duke’s Mayo games

The ball has come down, ‘Auld Lang Syne’ has been sung across the country, and 2025 has officially arrived. But the college football bowl season isn’t quite over yet. This clearly is the denouement after the big New Year’s Day playoff showcase, but there are still a few deserving teams that will take their place in the spotlight over the next couple of days.

There are a pair of games on the docket on this Friday, starting with a salute to public servants and finishing with a messy celebration of sandwich condiments. No more edible mascots, alas, but here’s a look at the participants.

First Responder Bowl – North Texas vs. Texas State

Time/TV/location: 4 p.m. ET, ESPN, Dallas.

Why watch: The day’s doubleheader kicks off with this Lone Star State group-of-five showdown. Stop us if you’ve heard this one before, but North Texas will be without several outgoing transfers, most notably starting QB Chandler Morris and leading WR DT Sheffield. Drew Mestemaker will make his starting debut at QB for the Mean Green, and he’ll likely make extensive use of his most experienced WR Damon Ward. The Bobcats have some departures as well, but QB Jordan McCloud is still around. His primary targets are WRs Joey Hobert and Jaden Williams.

Why it could disappoint: Mean Green fans have to hope the team’s young players execute right away, but it’s more likely the Bobcats’ experienced hands will put this one on ice with relative ease.

Duke’s Mayo Bowl – Minnesota vs. Virginia Tech

Time/TV/location: Friday, 7:30 p.m. ET, ESPN, Charlotte, N.C.

Why watch: The power conferences take the field again for the nightcap that will culminate in an extremely messy postgame ritual. The Hokies will have the last chance to salvage what has been a largely disappointing postseason for the ACC, but the Golden Gophers arrive in better health. Minnesota’s playmaking trio of QB Max Brosmer, WR Daniel Jackson and RB Darius Taylor should all be on hand. Virginia Tech QB Kyron Drones was limited down the stretch with a variety of injuries and is unlikely to play. The good news is backup William “Pop” Watson is also returning to the Hokies next year, and he saw considerable action late including the season-ending victory against Virginia.

Why it could disappoint: The collective list of accomplishments by both teams would suggest the Gophers will have a significant advantage. The Hokies have been involved in some nail-biters, however, so perhaps this one will pleasantly surprise by being close.

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Notre Dame vs. Penn State: Odds, predictions, how to watch

The College Football Playoff reaches a crucial stage with the Notre Dame Fighting Irish set to clash with the Penn State Nittany Lions in the Capital One Orange Bowl at Hard Rock Stadium. This matchup is of immense significance in the journey towards the championship.

Despite a setback caused by a tragic event in New Orleans, the Notre Dame Fighting Irish, with their unwavering spirit, overcame the odds and emerged victorious against the Georgia Bulldogs in the CFP quarterfinal game. Quarterback Riley Leonard’s stellar performance, both in the air and on the ground, was a testament to their resilience.

The Nittany Lions secured their spot in the College Football Playoff semifinals with a convincing 31-14 victory over Boise State and Heisman Trophy runner-up Ashton Jeanty. Penn State quarterback Drew Allar delivered a standout performance, completing 52% of his passes for 171 yards and three touchdowns. Running back Kaytron Allen also played a significant role, rushing for 134 yards on 17 carries, contributing to the Nittany Lions’ win.

Here is everything to know ahead of the Capital One Orange Bowl semifinal game between Notre Dame and Penn State.

Capital One Orange Bowl predictions: Notre Dame vs. Penn State

ESPN: Notre Dame has a 58% chance to win

According to ESPN’s Matchup Predictor, the Notre Dame Fighting Irish has a 58.9% chance to defeat Penn State in the Orange Bowl.

CBS Sports: Pick Penn State

David Cobb writes: ‘Notre Dame used a kickoff return for a touchdown and costly Georgia turnovers to outlast Georgia in the Sugar Bowl. It was an impressive showing, but was it replicable? The Fighting Irish enter the Orange Bowl with two fewer days of rest than the Nittany Lions, and that could make a difference considering how physical this game will be. Penn State wants to run the football, and Notre Dame is still grappling with the absence of star defensive lineman Rylie Mills. The Nittany Lions have demonstrated offensive improvement this season under first-year coordinator Andy Kotelnicki and have enough versatility to keep the Fighting Irish off balance in what should be a tight game.’

Tickets to the Orange Bowl with StubHub

Capital One Orange Bowl odds, lines: Notre Dame vs. Penn State

The Notre Dame Fighting Irish are favorites to defeat the Penn State Nittany Lions, according to the BetMGM college football odds.

Spread: Notre Dame (-1.5)
Moneylines: Notre Dame (-125); Penn State (-105)
Over/under: 46.5

How to watch Notre Dame vs. Penn State in the Capital One Orange Bowl

Date: Thursday, Jan. 9
Time: 7:30 p.m. ET
TV: ESPN
Stream: Fubo
Where: Hard Rock Stadium (Miami Gardens, FL)

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Mike Johnson re-elected House speaker as GOP mutiny threat dissolves

Speaker-designate Mike Johnson, R-La., was re-elected to lead the House of Representatives on Friday.

The Louisiana Republican won along party lines during the first round of voting, a stark contrast to his predecessor’s drawn-out, 15-round battle in 2023.

It comes despite saber-rattling by some conservatives who threatened to withhold support from Johnson in protest of his handling of government funding and several other issues in the 118th Congress.

Rep. Thomas Massie, R-Ky., who was part of an unsuccessful push to oust Johnson last year, was the speaker-designate’s most vocal critic leading up to the Friday vote.

He told former Rep. Matt Gaetz, R-Fla., on his new One America News Network program, ‘You can pull all my fingernails out, you can shove bamboo up in them, you can start cutting off my fingers.’

‘I am not voting for Mike Johnson tomorrow, and you can take that to the bank,’ Massie said. 

Other detractors included members of the House Freedom Caucus like Rep. Chip Roy, R-Texas, who has expressed interest in chairing the influential House Rules Committee, the panel that directs terms for House-wide votes on legislation.

Johnson’s allies warned in return that a prolonged House Speaker fight could delay Congress’ joint session to certify President-elect Donald Trump’s victory, slated for Jan. 6.

Johnson also had a key backer in Trump, who emphasized his support for the GOP leader hours before the midday vote.

‘Good luck today for Speaker Mike Johnson, a fine man of great ability, who is very close to having 100% support. A win for Mike today will be a big win for the Republican Party, and yet another acknowledgment of our 129 year most consequential Presidential Election!!’ Trump wrote on his Truth Social app.

Johnson wrote on X in response, ‘Thank you, President Trump! Today is a new day in America. Congressional Republicans must stay united to quickly deliver President Trump’s America First agenda. Let’s get it done.’

His victory marks the start of his first full term as speaker. Johnson won the gavel in October 2023 after three weeks of closed-door talks following the ouster of ex-Speaker Kevin McCarthy, R-Calif.

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Jake Sullivan, Biden discussed possibility of hitting Iran nuclear program: report

In a top meeting with National Security Adviser Jake Sullivan roughly a month ago, President Biden was presented with a series of strike options should Iran make a move to develop a nuclear weapon, reported Axios on Friday. 

The White House did not immediately respond to Fox News Digital’s questions regarding the strike options, but according to the report, Biden has not signed off on any plans to hit Iran’s nuclear program. 

Biden has vowed not to let Iran develop a nuclear weapon on his watch, but it remains unclear what steps Iran would have to take in order for the Biden administration to respond with direct hits, given that Tehran has already been reported to have stockpiled near-weapons-grade uranium and to be bolstering its weaponization capabilities. 

The president was reportedly presented with a series of scenarios and response options during the meeting, though sources told the outlet that Biden has not made any final decisions regarding the information he was given. 

Another source reportedly said that currently there are no active discussions on militarily hitting Iran’s program.

Biden repeatedly warned Israel against hitting Tehran’s nuclear program as tensions between the two nations reached a boiling point last year amid the conflict with Hamas and Hezbollah – both of which had the backing of Iran. 

But some aides close to the president have reportedly argued that the U.S. has the ‘imperative’ and the ‘opportunity’ to strike Tehran’s nuclear ambitions given its efforts to accelerate its program and its weakened position given the significantly degraded standing of Iran’s proxy forces. 

Sources told Axios that Sullivan did not advise the president to take action either way but merely presented him with scenarios. 

The report also noted that the National Security Adviser, along with other aides to the president, believed that the degraded nature of Iran’s air defenses and missile capabilities and weakened proxy forces could improve the likelihood of a successful strike and decrease the chance of Iranian retaliation. 

Biden reportedly focused on the issue of urgency and whether Iran had taken specific steps to justify a potentially conflict-inducing military strike just weeks before a new administration takes office – though it remains unclear what those steps would include. 

‘You can look at the public statements of Iranian officials, which have changed in the last few months as they have been dealt these strategic blows, to raise the question: Do we have to change our doctrine at some point? The fact that that’s coming out publicly is something that has to be looked at extremely carefully,’ Sullivan said during remarks in New York just one week before Christmas Day. 

He also pointed to the blows Iran has seen this year and argued that they could push Iran to develop a nuclear weapon rather than deter it. 

‘It generates choices for that adversary that can be quite dangerous, and that’s something we have to remain extremely vigilant about as we go forward,’ Sullivan said.

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Federal courts will not make criminal referrals to DOJ over separate ethics complaints against Justice Thomas

Separate ethics complaints filed by members of Congress and an advocacy group against Justices Clarence Thomas and Ketanji Brown Jackson will not be referred to the Justice Department, federal court officials announced.

The U.S. Judicial Conference said Thomas has agreed to follow updated guidelines on listing free private travel and gifts from friends, following previous reporting on undisclosed hospitality.

For her part, Jackson has amended her financial disclosures following complaints about her husband’s consulting income as a physician.

Democratic Sens. Sheldon Whitehouse (D-RI) and Ron Wyden (D-OR), along with Rep. Hank Johnson (D-GA), had asked for an investigation by the judiciary itself into undisclosed hospitality provided to Thomas by billionaire friend Harland Crow. ProPublica reported on several instances of private travel and lodging over the years.

Judge Robert Conrad, who heads the judicial conference policymaking body, said in letters to the lawmakers that Thomas had filed amended financial disclosures ‘that address several issues identified in your letter.’ 

Additionally, Conrad said that it was not clear whether the judiciary itself could make criminal referrals against a sitting Supreme Court member.

‘Because the Judicial Conference does not superintend the Supreme Court and because any effort to grant the Conference such authority would raise serious constitutional questions, one would expect Congress at a minimum to state any such directive clearly. But no such express directive appears in this provision,’ Conrad said.

Conrad noted that Whitehouse and Wyden had separately asked Attorney General Merrick Garland to name a special counsel to investigate then-former President Donald Trump. Garland has not acted yet on that request.

Whitehouse, in a statement, criticized the Judicial Conference’s decision.

‘By all appearances, the judicial branch is shirking its statutory duty to hold a Supreme Court justice accountable for ethics violations,’ said Whitehouse.

The complaint filed against Jackson came from Citizens for Renewing America, led by Russ Vought, who was nominated by President-elect Trump to lead the Office of Management and Budget.

Questions over ethics, including unreported private travel by some justices, have led the court to adopt its first code of ethics last year.

However, compliance is left to each of the nine justices, leading to concerns the court is not taking its own ethics enforcement standards seriously.

A two-year investigation by Senate Democrats released last week found additional luxury travel by Justice Thomas in 2021 was not noted on his annual financial disclosure form. 

Fix the Court, a group which advocates for greater judicial transparency, urged Congress to act. 

‘The Conference’s letters further underscore the need for Congress to create a new and transparent mechanism to investigate the justices for ethics violations since the Conference is unwilling to act upon the one method we had presumed existed to do that,’ said Executive Director Gabe Roth.

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