Schaftlein Report | Congenital Lair Adam Schiff Censured in House
Guest - Jeffrey Dunetz
1) No Democrats voted against the liar who falsely lead charges against Trump
2) Bank of England raises interest rates by 50 basis points to combat persistent inflation.
2A) Our Federal Reserve hints at additional increases at future meetings
2B) U.S. median home prices drop 3% to $396K, Inventory down 20% and there is only a 3 month supply of homes on the market
2C) Ford secures a $9.2B loan to build an EV Factory
3) Rep. Comer to bring additional witnesses in Biden Bribery Investigation
4) San Francisco dissolves into chaos and becomes a magnet for homeless - car break ins, 911 hang ups, jail population reduced 40%,
city provided alcohol and marijuana to homeless, vacant buildings, retailers closing and an 8% drop in population
5) Credible polls show Trump and Biden in very competitive races with each leading in separate polls.
5A) The same holds true for a DeSantis and Biden race
5B) Biden job approval falls to 32% in CNN poll.
6) Former Representative Will Hurd launches long shot 2024 bid. Fierce critic of Trump
7) Jack Smith gives Trump legal team evidence in Documents case
8) Oceangate submarine feared lost as robot reaches ocean floor
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Schaftlein Report | Where is the Economy Now and is it headed to a "Soft Landing"?
Guest - Dave Brat
Dean - Liberty School of Business
1) Has the Stock Market Inflated Too Fast? The forward P/E is 19.5. AI mania or reality driving optimism?
1A) The Federal Reserve Balance sheet is at $8.4T, down from a peak of $8.7T in March but double the $4.0T in March 2020
1B) Stock prices are at the same level as they were in March 2022 when Interest Rates started to rise. Apple trading at 31X forward earnings versus long term average of 15X
Nvidia trading at 156X cash flow versus 14X over time
1C) The S & P 500 is closely tied to QE? What about QT happening now?
1D) The median Employee costs in the U.S. averages $62K. At META it is $300K and GOOG $280K. How soft or firm is the labor market?
2) China cutting interest rates. How much is their economy slowing or not growing out of Covid?
3) The Commercial real estate debacle hanging over SF and NYC - Crime, progressive policies, retailers leaving
4) Case Shiller Inflation Adjusted PE ratio is 31X versus a median of 17X
5) Should the Federal Reserve resume rate increases or leave as is and react to data? 4% Inflation seems low to most Americans
6) The recent spending agreement between the White House and Congress - Dave Brat gives his opinion
7) The political landscape and upcoming budget negotiations heading into the fall
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Schaftlein Report | Federal Reserve Pauses Interest Rate Hikes
1) However, Federal Reserve Chairman Jerome Powell says July meeting will be live as majority still favor additional hikes with Inflation still running at 4%
1A) Stock market trading at a forward price earnings multiple of 19.5 which is on the high side of history as markets move higher
2) Democrats and Anti-Trumpers are fighting the No labels Unity ticket - We'll explain
3) In CA Trump leads DeSantis 53-19 with Pence at 9%,Haley at 6% and Scott at 4%
3A) Nationally Trump leads DeSantis 53-23. Biden leads Kennedy 70-17 in Quinnipiac Poll
3B) Miami Mayor Francis Suarez enters the Republican race bringing the field to 11
4) Trump raises $6.6M AFTER the Indictment
5) Sen. Kennedy - "Biden Bribery Scandal is not going away"
6) Marine Daniel Penny indicted in NYC subway choking case - 2nd degree manslaughter
7) Texas send 42 Illegals to LA by bus. The city is a "Sanctuary City"
8) Rep. Adam Schiff is not censured as 20 Republicans say No
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Schaftlein Report | Trump in Court Today
Guest Richard Battle
1) Trump in Miami courthouse on Federal Charges - Implications
2) Biden corruption - Burisma has 2 tapes of Biden? Double Standard
3) Trump +30 and Biden +43. 17 months out what can change?
4) Inflation now 4% year over year. Still high
5) Ukraine kills top Russian General - Ukraine counter offensive
6) Border is still side open. Status update from Richard
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Schaftlein Report | FBI Gives In
Guest Jeffrey Dunetz
1) FBI to allow the entire Oversight Committee to view Biden Internal document in criminal bribery probe
2) White House blames "Climate Crisis" on Canadian burn -
3) VP Pence is officially in the race. After viewing his start, he is LIKELY to gain ground and may get in the top 4. We'll explain.
4) North Dakota Gov. Doug Burgum enters the race and is running on economic issues.
5) Former Governor Christie launches attacks on Trump. Will he be effective?
6) Inflation remains the top election issue
7) Trump informed he is the target of an ongoing criminal investigation over classified documents
8) Gov. DeSantis blasts Gov. Newsom over Sanctuary state and migrant plane flights. FL has budget surplus and CA is in a deficit.
9) Biden vetoes bill to cancel student debt relief. Supreme Court likely to crush his hopes in ruling later this month
10) RNC to launch campaign to Vote Early in 2024. We have been suggesting this for years!
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Schaftlein Report | The Republican Primary Field Grows
Guest Joe Visconti
1) Christie and Pence enter the race
2) Comer to hold Wray in Contempt of Congress - Potential Biden crime family documents?
3) Will Jack Smith indict Trump in Classified Document case?
4) Musk interviews RFK Jr.
5) Pride month takes over NYC
6) Biden stock at 41-56 upside down numbers
7) Chicago killing fields 682 murders - 489 are black. Where is BLM?
8) Planes and busses descend on sanctuary cities and states
9) The disaster of George Gascon in LA - A personal experience
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Schaftlein Report | Senate on the Clock
Guest Jeffrey Dunetz
1) Debt Ceiling bill in the Senate
1A) Students must begin making payments under the bill and pipeline approval approval process shortened.
2) Sen. Manchin opposes student loan forgiveness bill White House says it will veto. Supreme Court decision in June.
3) Pence and Christie to enter the Primary. Trump continues huge lead in polls
4) White House denies Biden Corruption per NSA spokesperson John Kirby
4A) FBI confirms they have Biden corruption document and FBI is Stonewalling congress
4B) FBI is protecting Biden and targeting Trump
5) Private payrolls rise 278K in May
6) Right track 22% wrong track 68%
7) Culture Wars - Anheuser Bush loses $27B in market cap and Target is down 20%
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Schaftlein Report | Count the Votes
Guest Tom Amenta
1) Fiscal Responsibility Act - The good, bad and ugly.
2) Risk to the Dollar of running $1.5T deficits
3) Inflation still running 4.5%
3A) Mortgage rates now 7.1%. People are not selling their homes because they have low mortgage rates.
3B) Prices are not coming down fast enough
4) China rejects Biden administration for Military meeting
5) Drones attack Kiev and Moscow
6) DeSantis focus on Iowa while the contest starts with Trump up 47-25
6A) What will be AI's influence on the 2024 election
7) 11 killed and 45 wounded in Chicago.
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Schaftlein Report | Governor Ron DeSantis Enters Race
1) Rollout on Twitter less than perfect and Media critique goes into high gear.
1A) DeSantis will be a formidable candidate in the Primary race
2) DeSantis, Trump and Biden are all within 1 point in Presidential race
3) Trump still leads in all polls but the first vote is 7 months away.
4) Do not count out Biden and the Democrats as identity politics, media and tech companies support will be a challenge.
5) Economy, border, crime and Biden incompetence are key issues but much more goes into a general election vote - we'll explain
6) Debt ceiling and budget cut talks continue
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Schaftlein Report | Republican Field Grows
Guest Joe Visconti
1) Tim /Scott enters race
2) DeSantis is next
3) Budget talks "productive but no deal"
4) Fake travel advisory for black and lgbtq in Florida. Residents are laughing at the absurdity.
5) NC Govenor - "state of emergency over school choice" - absurd
6) AP gets climate grants and pushes climate change stories
7) Denver sweeps LA 4-0
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Schaftlein Report | Jeffrey Dunetz and Ken McClenton
Hosted By Jeffrey Dunetz and Guest Ken McClenton
1) GOP Rep Anna Luna from Florida files to have Schiff removed from House for
Lying in Russia probe
2) Chicago's new mayor pushes $12B tax hike and defund the police
West Hollywood Unarmed “Security Ambassadors” Failed. City Council
Votes for More Police
3) 29 of 30 missiles shot down by Ukraine
The above stories came from real clear politics.
4) DeSantis appears ready to announce run next week
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Schaftlein Report | Durham Report and DOJ Deep State
Guest - Joe Visconti
1) As we knew Russian Collusion was a HOAX. FBI used uncorroborated intelligence
2) Hunter Biden Investigators removed from the case by DOJ in blatant retaliation.
Did Garland or Biden give that order.
3) Debt Ceiling talks are going nowhere according to McCarthy. Stock market is nervous.
3A The government took in $2.7T in revenue
$364B is Interest on debt
$770B is Social Security
$420B is Medicare
$157B is Veterans
$465B is Defense
$524B Other
We spend more than this.
4) MSNBC and CNN are still going berserk over Trump appearance on CNN.
5) DeSantis signs bill to prohibit state funding for schools that engage in Equity, Diversity and Inclusion (Woke ideology)
5A) Presidential announcement coming soon.
6) Daniel Penny defense fund tops $2.0M
7) Migrant Invasion in full display despite being bussed to Democratic cities
8) Man arrested for attacking a Democratic Congressman Gerry Connolly staff.
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Schaftlein Report | Biden White House is Imploding
Guest - Jeffrey Dunetz
1) Revelations of Corruption unveiled - Now the meat needs to be connected to the bone
1A) Subpoena issued to FBI. Stonewalling? Rep. Comer alleges Biden family received millions.
2) Trump goes on CNN in WILD evening of Politics - We'll explain Afghanistan, Border, Inflation, War, Putin
3) Border Implosion - 150K poised to enter illegally. "Chaos at the border" - Biden
4) April PPI came in at .2% below the .3% forecast. Inflation still running at 5%
4A) Jobless claims raise to 265K, highest level since 2021
5) No progress on budget and debt ceiling - A calamity in the making another Biden disaster. Staff is negotiating though.
6) Santos charged
7) Sen. Feinstein returns - She looks like she is over 100 years old
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Schaftlein Report | Debt Ceiling Negotiations
1) Biden and McCarthy meet
2) Biden polls collapse to 36/37% approval - Media in full panic
3) Biden and Hunter corruption gets more media attention
4) Trump comments on Bud light debacle
5) 150K migrants posed to enter U.S, as Title 42 ends
6) Economy in trouble - Consumers $1T in credit card debt. 49% can't handle an unexpected $400 expense.
7) T-Mobile shuts down SF flagship store due to crime, drugs and homelessness
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