Schaftlein Report

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

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

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

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

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!

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

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%

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.

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

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

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

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.

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

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

Guest - Jeffrey Dunetz 1) Regional banking crisis continues as some stocks are down 30 -50% today 1A) Short sellers spreading false stories - we'll explain 1B) Rep. Lois Frankel insider selling/trading - Jeffrey explains 2) Biden is missing in action on debt ceiling talks - McConnell 2A) House produced a bill now it is up to Biden and McCarthy to reach a deal. 3) House oversight committee subpoenas the FBI over Biden bribery whistle blower. 4) Biden administration not being honest saying the border is secure - Sen. Sinema 5) Navy used a non-binary drag queen to recruit - What the hell are they doing? This is nuts 6) Is the U.S. edging toward socialism?

Janet Yellen said we’re going to run out of cash in the next 30 days Fed meets as we record, First Republic bought by JP Morgan, markets still think there is more instability Title 42 is almost done and wait… the President is sending troops to the border? SHOCKING! Clarence Thomas and the gifts Disney vs DeSantis “The Squad” vs Feinstein Russia vs Ukraine 1. Waiting for the Spring offensive 2. 100,000k Russian Casualties Met Gala- WHO CARES!?

1) Growth slowed from 2.6% in Q-4 2022 to 1.1% in Q-1 2023 1A) Americans are losing faith they will have enough money for retirement 1B) Total debt held by all sources increased 90% since 2009 to $68T. Someone is bearing losses as interest rates have risen. 2) Republican House passes Raising the Debt Ceiling by $1.5T implementing spending cuts of $4.5T with cap on Government Spending of 1% per year. This seems very reasonable. Senate and Biden say No. 2A) Democratic Governors come out against expanded work requirements for social programs. 3) Polling has DeSantis beating Biden 48-45%, while the same poll shows Biden beating Trump by the same 48-45% 3A) DeSantis appears ready to launch campaign in Mid May 3B) Press Conference reveals Biden is given questions from reporters in advance. 3C) Biden 62%, Kennedy 19%, Williamson 9% 4) General Miley says Ukraine can win due to high morale however Russian troop strength is at the same level as when war started, despite losing 170K solders. 4A) Russia will not allow visitors to jailed WSJ reporter. 5) In Minnesota and CA, Democrats are blaming car companies for a huge spike in auto thefts instead of the criminals. 6) 75 year Anniversary of Israel - Jeffrey adds perspective

1) Despite the overwhelming numbers against Biden, he is favored to win. We'll explain. 1A) 51% of Democrats do not want him to run and 26% do want him to run 1B The WSJ did an editorial saying Biden IS in Decline. We agree. It is selfish what he is doing. 2) DeSantis heads oversees to Israel, UK, Japan and S. Korea. Pence to decide in June. 2A) 70% of Voters do NOT want Trump to run including 44% of Republicans, 70% of Independents and 93% of Democrats 2B) Trump leads DeSantis 46-31 in latest NBC poll 2C) Gov. Sununu calls Trump already a 3X loser a potential 4x LOSER noting he added $8T to the national debt in 4 years. Covid contributed partly to this to be fair. 3) Gov. Jim Justice to challenge Sen. Manchin in WV 4) Debt Ceiling cap on collision course as Biden shows NO movement to McCarthy plan to raise debt ceiling by $1.5T with 4.5T in cuts to spending. 4A) Americans are reducing savings to cope with Inflation 5) Bud Light sales drop 17% after disastrous Trans advertising campaign flops. 2 executives put on leave. 6) Leaks indicate the U.S. government stepped in to convince Kiev NOT to attach Moscow. so let me get this straight - I'll explain. This is another level of incompetence in the Biden administration getting EVERYTHING wrong internationally. 7) Secretary Tony Blinken and National Security Adviser Jake Sullivan under fire for their roles in the Hunter Biden Laptop fiasco. Both spread lies and disinformation according to CIA operative Mike Morrell. 8) Bill Maher states the obvious - "Young black men are killing each other in Chicago. Where are the celebrities against this?" 9) Tucker Carlson and Don Lemon relieved of their jobs. We'll add insight.

Guest - Jeffrey Dunetz 1) No Democratic votes and likely failure in Senate 2) Abortion pill ruling delayed by Supreme Court 2A) 80% disagree with the Dobbs ruling turning back to the states. Majority of the public supports bans after 15 weeks. 3 )McCarthy announces budget and debt ceiling deal capping debt at an additional 1.5T and reducing spending to 2022 levels with saving s of over $4.5T 3A) Biden rejects it and labels it a MAGA budget 4) SpaceX test rocket explodes over gulf. 2x the power of Saturn rockets. 5) In economic news, home prices declined by 1% to $376K average and sales are down 22% year over year 5A) Jobless claims are up to 245K and 1.86M are currently on unemployment benefits 5B) 41% believe the U.S. is already in a recession 6) Illegal aliens are costing the U.S. $150B a year just to house them. Sanctuary cities like, NY, Chicago and Denver have budget problems trying to house these people. 7) IRS whistle blower says Garland lied to Congress and a massive cover up is happening.in Hunter Biden case 8) Trump leads DeSantis by 42-22 in NH with Sununu at 12%

Guest - Joe Visconti 1) Teen mob take over downtown Chicago and assault white woman 1A) St. Louis Prosecutor fails to show at Murder Trial 1B) Mobs take over LA gas and convenience store in Compton 1C) In NYC Jim Jordan and GOP congress highlight the crime issue and poor prosecution of criminals. DA goes after Trump while crime rages 2) DHS Secretary Mayorkis grilled by Senate over migration policies.. 1.06M detained in last 6 months, 162K alone in March 3) McCarthy touts the need to negotiate over hte debt ceiling in stock exchange visit. Biden does nothing and remains on defense. 4) Russia continues detention of WSJ journalist 5) Consumers falling behind on credit card and loan payments as banks increase reserves to cover losses. 6) In politics, Fox / Dominion Lawsuit - We'll discuss 6A) Biden caving to radical minority on women sports participation by Transgenders 7) Trump embraces early voting, mail in voting and drop boxes. We agree. 7A) Both Tennessee Senators Blackburn and Haggerty endorse Trump

Headline - Inflation Moderates Slightly 1) Core CPI rose 5.6% excluding food and energy up 5.0% 1A) Core PPI declined .5% in March excluding food and energy it was down .1% 1B) Egg prices declined 11% in March however rents were up 18% over the past 2 years 1C) Federal Reserve expects a mild recession due to bank failures later this year 1D) American consumers purchased $788B in Chinese goods primarily cell phones last year 1E) 50% of office buildings are vacant in 10 largest cities. @M people left large cities during 2020 to 2022. We've been telling you this. 2) Biden EV goals by 2035 unrealistic according to industry experts 3) In Politics, Sen. Tim Scott announces an Exploratory Committee for potential Presidential race 3A) Gov. DeSantis announces plans to be in Washington D.C. on 4-18 to meet high ranking Republican leaders 3B) Sen Feinstein who is 89 has Shingles and has missed 60 major votes since February and has asked to be relieved of committee assignments. 3C) With Sen. Fetterman's health issues the Senate is 49-49 at times 3D) RFK Jr. is getting 10% support among Democratic primary voters 3E) Democrats have become the party of cultural elites and perceived intellectuals representing the wealthiest congressional districts and have little in common with non college educated working class people 4) To no surprise, the Biden administration was involved in the Mar a Lago raid. 5) Former Obama official claims Biden involved in kickback schemes with Hunter. FBI stalls on the subject. 6) Victor Davis Hanson chronicles Biden foreign policy failures

Guest - Tom Amenta 1) Aftermath of Louisville shooter killing 4 and wounding 9. Suicidal and live streaming a murderous rampage 2) Tennessee City Counsels try to reinstate terminated lawmakers. Racial overtones? 3) Chino, CA - An 11 year old girl transitioned with school assistance without the parents knowledge under the Parental Secrecy Policy 4) Entertainers slam Anheuser-Busch over advertising with a Trans Activist in beer commercial for Bud Light - Just stop drinking the beer? 5) 2 courts rule completely opposite on abortion pill. Case likely headed to Supreme Court. Chose your battles carefully. 6) Whole foods pulls out of downtown San Francisco after 1 year due to soaring crime. No surprise 7) Democratic National Committee chooses Chicago for 2024 convention. A perfect selection city for a party with a reputation as Soft on Crime 8) U. S. spy operations catches Egypt trying to sell weapons to Russia. What will be the consequences? 9) China demonstrates attack plan simulation for Taiwan as a counter to meeting with U.S. officials in Taiwan 10) 58% of Americans are living paycheck to paycheck 11) Biden signs decree ending Covid 19 emergency - did anyone else notice this?

1) Leftist secure seat on Wisconsin Supreme Court tilting the court from Conservative to Liberal. Large turn out of left wing voters. However, with a Super Majority in the state House and Senate, the newly elected Justice can be removed 1A) If Republicans keep pushing for tighter abortion restrictions, they will continue to lose elections. 2) Chicago Mayor -elect Johnson a liberal progressive wins by 51-49%. He is promising the most radical progressive change Chicago has ever seen. Look out for your wallet and your safety if you live in Chicago. 3) Bob Lee the Cash App founder is murdered in SF being stabbed to death in a supposed nice neighborhood. No suspect in custody. Residents fear SF is nearing collapse as crime soars, office buildings remain empty and the tax base deserts while the homeless, drug addicts and other losers populate the city. 4) A NC Democrat flips to Republican giving the GOP a veto proof majority in the state house. Why - The Democratic party criticized the Flag and Prayer. The party moved so far left, she did not recognize it anymore. Sounds familiar. 5) Trump's poll numbers skyrocket from a Feb 45-42 against Biden to a current 47-40. in Rasmussen. Trump rails against AG Bragg and Republicans come out defending Trump. 6) In economic news, job openings drop to 9.9M from 10.6M. ADP says 145K jobs were added in March. The labor department releases numbers tomorrow Bond yields drop on concern for slowing economic activity 7) Taiwan President met with McCarthy in LA and a U.S. delegation flew to Taiwan in show of support. 8) Robert F. Kennedy Jr. files paperwork to run for the Democratic nomination.

Guest - Joe Visconti 1) The Final Battle - Trump to be charged with 34 felony counts upgraded to a class E from Misdemeanor on Falsification of business records. No mugshot or handcuffs. No jail if convicted for first time offender. This is a political circus and a very bad day for our country. 1A) More media than protesters? 2) Trump up by 30 in Republican race as led surges - we'll explain. In NH, Trump up by an average of 21 points. Democrats fear a repeat of 2016. 3) The Chicago mayor race is today with Paul Vials who supports the police having a narrow lead over Brandon Johnson who favors Defunding the police. 4) Dan Kelly a conservative endorsed in Wisconsin Supreme Court election as a shift in that court hangs in the balance. Abortion, Redistricting and possibly the 2024 election in the balance as $42M poured into the race. 5) Biden approval holds steady at 44-54 6) In economic news, Jamie Dimon says the banking crisis is not over. The stock market falls after a recent large run up. 6A) 5,000 GM workers to take buy outs 6B) Oil back above $80 as Saudi's perceive the Biden Administration changed their policy to buy back oil to fill the depleted SPR. We'll explain. 7) Finland officially becomes a NATO member.

Guest - Jeffrey Dunetz 1) Russia charges WSJ reporter on Spying charges. WSJ denies it and demands immediate release. Court date set for May 1A) Top U.S. General confirms Russians are being slaughtered in the war. 2) Attorney General Merrick Garland in a blatant political move advised not to arrest abortion protestors earlier this yer at the homes of Supreme court Justices. 3) 9 dead after 2 black hawk helicopters collide while training in KY 4) There has been another train derailment, this time in MN. 5) Jobless claims are at 198K, up 7K but still a low figure 5A) Biden extends drilling in the Gulf of Mexico 2600 square miles - A move to the center? 6) In politics, Biden approval hovers between 38-42% while his disapproval is between 54-56% going in the wrong direction 6A) Trump leads DeSantis by 30 with the rest far behind. 6B) In a match up between Biden and either Trump or DeSantis, it is a 2 point race +/- 6C) AZ Democrats sue to prevent a 3rd party No Labels from being on the ballot. Growing concerns over Biden and losing the Senate. 7) NHL may cancel "Pride night" because players refuse to wear LGBTQ gear. Good for the players!! 8) Pope hospitalized with upper respiratory infection 9) Batter Up