Schaftlein Report | Mixed News on the Economy
1) Consumer confidence rises during March as banking crisis somewhat subsides - good news
1A) Disney joins a list of companies with a layoff announcement of 7,000 which is not a surprise
1B) There is absolutely no progress in the debt ceiling debate - bad news and we'll explain
1C) Commercial Real Estate loans are becoming a concern particularly in NYC and SF as
debt will roll over at higher interest rates
1D) Hearings in the Senate on the SVB collapse as regulators testify
1E) Sam Bankman Fried charged with Bribery of Chinese official as the former Crypto boss charges increase in his fraud scheme
2) The Nashville Trans gender (man to a woman) shooter had a manifesto to attack the Christian Academy killing 6.
Brave police officers likely saved many more sa they took out the shooter within 6 minutes
3) 39 killed in fire at U.S./ Mexico migrant facility in Juarez.
4) A weapons facility in Norway was unable to increase artillery production to meet demand because a Tic Tok data center was
sucking up all of the electricity..
4A) Russia pulls back in parts of Ukraine as losses continue unabated. A spring counter -offensive is likely
5) A Rand Paul staffer was randomly attacked in Washington close proximity tot he capitol in broad daylight by a 42 year old black man just release from a 12 year prison term.
"voices told him to do it. One day out and right back in jail.
6) In a classic case of government over reach, Journalist Matt Taibbi who broke the Twitter Files story was visited by IRS. Charmian Jim Jordan wants answers.
7) Israeli tensions ease as Netanyahu suspends judicial overhaul which was tearing the country apart.
8) In Chicago mayor race, Paul Vallas leads Brandon Johnson by 6 points. Vallas supports the police while Johnson wants to Defund.
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Schaftlein Report | Charges in Limbo?
Guest - Jeffrey Dunetz
1) What will the Grand Jury and DA do? Trump?
2) DeSantis teases 2024 plans. Rips Trump character and Trump responds.
3) Federal Reserve raises interest rates 25 basis points, markets fall then recover
4) Biden approval drops to 38% near low of his presidency. He was at 45% in Feb. and 41% in Jan.
4A) Only 30% of Iowa voters approve of Biden
5) Portland disintegrates - shootings, toxic waste, drug addicts, shoplifting causes Walmart to leave, other business closures
poor police protection. A liberal dystopia before our eyes
5A) LA crime out of control in certain neighborhoods. Strike keeps schools closed
6) Tic Tok CEO grilled on capital hill.
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Schaftlein Report | Xi and Putin meet in Moscow
Guest - Drew Allen
1) China shifted the majority of their oil purchases to Russia over Saudi Arabia
1A) International Criminal Court issues arrest warrant for Putin war crimes.
2) Potential Trump indictment next week. Manhattan district attorney playing dangerous political game. It is a misdemeanor.
We'll discuss the implications. Will Trump gain politically?
3) In France, the Macron government survives a no confidence vote over raising the retirement age to 64 from 62 which was badly needed.
4) In Economic news, Amazon to cut an additional 9K jobs.
4A) First Republic Bank still shaky as Jamie Dimon leads an effort to rescue the bank. Stock was down 46% yesterday but up slightly today.
4B) UBS buys Credit Suisse for $3.2B as $17B in debt wiped out.
4C) Home sales spiked 14.5% in February as prices fell for the first time in a decade when mortgage rates fell. 30 year loan now 6.62%
4D) Biden decision to veto and ESG investing bill draws ire from Sen. Joe Manchin and others across party lines.
5) European Union to send 1M rounds of ammunition to Ukraine. U. S. to renovate Abrams tanks to speed up delivery.
6) In the court of stupidity, a Philadelphia judge awarded $9.25M to 343 plaintiffs who protested the George Floyd action and had to be disbursed by police.
The judge cited physical and emotional issues. This works out to $19K per person after attorney fees.
7) 430K kids in LA are not in school over a strike.
8) Trump leads DeSantis 54 -26 in newly released Morning Consult Poll. Both are within 2 points in race against Biden.
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Schaftlein Report | European Central Bank Raises Rates 50 basis Points as Expected
Guest - Jeffrey Dunetz
1) European bank stocks are stabilize as Credit Suisse receives $54B commitment from the Swiss National Bank.
1A) The Federal Reserve meets next week. The expectation is a 25 basis point increase then a pause.
1B) First Republic Bank in merger or takeover talks as the stock falls 25%.
1C) Secretary Yellen says the banking system is stable and deposits remain safe.
1D) 84% of Americans do not want bank bailouts. Shareholders and bond holders?
2) France raises the retirement age from 62 to 64. The U.S. should also consider doing this.
3) Poland to send fighter jets to Ukraine. Film shows Russian jets intercepting U.S. drone and dropping fuel before crash.
4) Trump leading DeSantis in latest polling by 46-32%. In head to head, Trump leads 51-40%.
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Schaftlein Report | Wall Street Avoids Disaster After Government Intervention
1) Federal Reserve, Treasury and FDIC step up and back ALL deposits to avert further bank runs.
1A) Stocks are up after a severe fallout on Monday when bank stocks were routed over concern for their very survival.
2) Inflation rose by 6% in February down slightly from January's rise of 6.4%.
3) More layoffs in the technology sector as Meta, formerly known as Facebook, announces 10K pink slips planned
3a) CA court rules Gig workers can be classifies as contractors rather than employees.
4) Biden OKs Alaska oil drilling project. The political leadership in Alaska was unanimous in its support.
Project will produce 180K barrels a day and generate billions in tax revenue.
Climate Environmentalists are outraged. We'll explain their lunacy.
4) Prosecutors appear to be targeting Trump over the Stormy Daniels payment for potential indictment.
5) Trump and DeSantis virtually tied in CNN poll at 37-39% while Haley and Pence are around 7% each.
6) DeSantis calls Russia - Ukraine was a territorial dispute and U.S. should limit involvement. We disagree on this one but still support DeSantis.
7) McConnell out of hospital with Rib Fracture from fall. Will rehab.
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Schaftlein Report | Policy Shift at the Southern Border?
Guest Jeffrey Dunetz
1) A Florida Federal Judge strikes down a Biden policy of "Catch and Release"
Administration claims there are not enough facilities to handle the flow. We'll try policies to stop illegals from coming.
1A) Biden and his press secretary shrug off Fentanyl deaths and drugs continue to pour over the border.
1B) Republican Senators push for border wall construction to resume
2) Russia launches massive missile and drone attacks on civilian targets in cities across Ukraine in another example of blatant war crimes.
2A) Bakhmut may fall soon according to NATO General Secretary.
3) In a plan already labeled "it will not see the light of day", Biden again proposes raising taxes on those making over $400K by raising the Obama tax from 3.8% to 5%.
We have a spending problem, not a tax problem. Biden wants 5.2% raise for Federal workers.
4) Job openings are at 10.8M
4A) Initial jobless claims are now at 211K lead by CA and NY
5) Jeffrey discusses the videos released on Fox News Tucker Carlson show and why Democrats are mad.
5A) Speaker McCarthy vows to release all of the footage to the public
6) In early polling, DeSAntis leads Trump by 25 in Florida however the role is reversed in other states.
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Schaftlein Report | Federal Reserve says higher Rates for Longer
Guest Tom Amenta
1) Chairman Powell says Inflation is still too high and unemployment rates may go up to 4.5%.
1A) Sen. Elizabeth Warren goes off the rails in Senate testimony condemning the Federal Reserve's plan to fight inflation
2) Only 21% of U.S. households can afford homes currently listed for sale defined as 30% of median income for house payments.
In 2021 that was 40%.
2A) Cost of housing is up 32% since the pandemic even with a 12% decline from the peak.
2B) The 30 year fixed has gone from 2.9% in 2021 to 5.34% in 2022 and 6.8% in 2023
2C) We have 2 job openings for every applicant.
2D) Car loans are now going out 7 years
3) Washington D.C. city Counsel pulls bill to weaken sentences for serious crimes after Congress turns up the heat.
It furthers the narrative that Democrats are soft on crime.
4) An Antifa mob attacked an Atlanta police facility and 35 were arrested on domestic terrorism charges. All but 2 were from out of state.
5) Biden administration is pushing China to NOT supply weapons to Russia. Battles rage on in Ukraine and both sides are losing significant casualties.
6) In Politics, Biden approval is at 46% however just 37 % of Democrats want him to run for reelection. What are the alternatives?
6A) Sen. Fetterman still hospitalized for depression.
6B) Gov Larry Hogan will NOT seek the Republican nomination.
7) In the classified document investigations, both Democrats and Republicans claim the FBI is withholding information.
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Schaftlein Report | DeSantis Moving Forward as book is released
1) Florida Governor Ron DeSantis while not indicating he is running checks all of the boxes that indicate as such.
1A) DeSantis signs bill revoking Disney's self governing power in Florida. The Central Florida Tourism Oversight District is now in charge.
Woke policies come back to haunt Disney
1B) Trump still leads in most polls while maintaining about 1/3 control of the Republican base
2) Biden plan to reduce and or eliminate student debt arguments go before the Supreme Court.
Most of the benefit would go to rich kids attending Ivy league schools
4% of those get 12% of the aid, while 40% attending public schools get 21% of aid.
2A) If the court does not intervene, then the cost will be $400B over 3 years further running up U.S. Debt
3) Chinese virologist who worked on the Covid project says the lab leak was NOT an accident
4) Representative James Connor says the Treasury Department is "obstructing" the probe into the Biden family business schemes
5) Russian soldier losses are greater than all combined conflicts since WWII
6) Chicago Mayor election today as 8 candidates vie for the job.
Will one of the worst mayors in America Lori Lightfoot be replaced?
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Schaftlein Report | Biden gains? Trump falls?
Guest - Jeffrey Dunetz
1) According to recent polling, President Biden is gaining support among Democrats and left leaning Independents, while
former President Trump support among Republicans and conservative Independents is falling.
2) Trump goes to Ohio train derailment prior to DOT Secretary Buttigieg who is now 2 weeks past the accident
3) Senator Tim Scott (R) South Carolina visits Iowa. This looks like a preview of coming attractions
4) Senator John Tester (D) Montana announces he will run for a 4th term in conservative Montana.
5) Sam Bankman-/Fried charged with 12 counts of making illegal campaign contributions.
The scheme involves $40M
6) 23 House Republicans demand audit of Ukraine aid.
6A) Russian support for the war is hardening after waves of repression, propaganda and and crack downs on war opponents.
6B) Will it ultimately end up Russia versus NATO?
7) 9 Palestinians killed and 102 injured in Israeli raid. Jeffrey provides analysis.
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Biden delivers Powerful Speech in Poland
1) After visit to Ukraine, Biden issues full throttle support for Ukraine, Poland and all of NATO in stern warning to Russia.
1A) Russia loses 10K troops in last 2weeks raising the number to 143K since the war was started by Russia.
1B Putin delivers a speech in Russia full of lies and suspends the START nuclear weapons treaty.
1C) Putin demands the U.S. withdraw all troops and weapons from Ukraine..
2) The Producer Price Index gained .7% in January after falling .2% in December reigniting Inflation worries and rising interest rates
2A) The stock market is down about 1.5% to 2.0% on valuation concerns and rising interest rates.
3) Florida Governor Ron DeSantis was in the northeast recruiting police officers to come to Anti-woke Florida where they are appreciated and leave deep blue cities
4) In the ongoing culture wars, the Biden administration under Title 9 has put forth a plan to allow biological males to compete with women is being challenged in court.
5) LA area beloved Catholic Bishop murdered over the weekend. Suspect in custody. MOTIVE UNCLEAR.
6) 39th President of U.S. Jimmy Carter is in home hospice. A good man whether or not you agreed with his politics!
7) Late breaking - EPA to take over clean up in Ohio derailment.
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Schaftlein Report | 66% say the Country is Going in the Wrong direction
Guest - Jeffrey Dunetz
1) Only 26% say the U.S. is going in the right direction
2) Biden's approval stays steady at 44% while 51% Disapprove
3) Migration continues from high tax and high crime states like CA, NJ and NY with state income tax rates of 13.3%, 10.75% and 8.82%
3A) They are moving to Florida, Texas and Tennessee with no state income tax. Florida is BOOMING
3B) Utah Governor asks Californians not to move to Utah- tongue in cheek.
4) In Economic news, retail sales were up 3% in January fueling speculation for higher interest rates for longer to cool the inflation further and slow consumer spending
4A) A bleak area for inflation is food prices which are up 11.3% year over year.
5) In Political stupid season the following were headlines:
A. Biden calls Les Moore the new Governor of Maryland who happens to be Black "boy" . Not a shock as he calls many younger people "boy"
B. Al Sharpton says Governor Ron DeSantis is trying to erase black history. Really?
C. Marjorie Taylor Green calls Nikki Haley "Bush in heals". Really?
D. Woke lunatics want to do away with the terms mom and dad.
6) It's been a bad week for crashes as train derailment stuns Ohio town and Black Hawk goes down in Alabama killing 2.
7) British intelligence says Russia is using 97% of its Army in Ukraine. Casualties mount on both sides.
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Schaftlein Report | Inflation Remains High...As Do Balloons?
Guest - Joe Visconti
1) Consumer Price Index increases 6.4% year over year while core CPI is up 5.6%
Both of these figures are still too high and indicate higher interest rates for longer.
Very slow progress bringing down inflation as food, housing and energy prices remain high.
Interest rates spike. Markets fall.
2) Balloon fallout as White House provides little to no information.
Intelligence community caught flat footed? 1 Balloon and 3 objects?
One missile strike failed. Questions remain why administration allowed the balloon to travel across the U.S.?
Electronic sensors recovered
3) 3 killed and 5 in critical condition at Michigan State. The shooter, a 43 year old black man not affiliated with the university or the students
kills himself. No motive at this time?
4) Haley officially announces her candidacy for President. More to follow? Who can beat Trump?
Reuters/Ipsos Poll Trump at 43%, DeSantis at 31% Haley at 4%
4a) America does not want a Biden-Trump redo.
5) U.S. advises American citizens to leave Russia.
6) Ukraine inflicting huge casualties on Russians as conflict appears to escalate. More Russian troops to the front?
Potential Russian advance after months of stalemate?
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Schaftlein Report | Biden Lies AGAIN
Guest - Jeffrey Dunetz
Headline - Biden Lies AGAIN
1) Biden goes on the road and spells out blatant lies about Social Security and Republican policy
2) NH Governor Sununu positions himself for a Presidential run. Others to follow?
3) Senator John Fetterman hospitalized in D.C.
4) House Republicans press Hunter and Jim Biden for business documents.
5) Half of all Americans say they are worse off then one year ago
6) Disney joins the ranks of corporate cut backs by announcing 7,000 lay offs.
7) Democratic run cities in CA are facing a huge upswing in prostitution and similarly related crimes as a result of a stupid bill
passed in the CA legislature which targeted support for LGBTQ people. Go figure. Widespread with little opportunity for police to stop it.
8) Roger Waters discussion - Jeffrey will discuss
9) Kevin Durant traded to Phoenix suns and Russell Westbrook to Utah for now.
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Schaftlein Report - State of the Union Speech
Guest - Drew Allen
Headline - State of the Union Speech
1) 4 in 10 Americans say they are Worse off financially
2) Biden's dismal poll numbers:
34% believe he is honest
31% feel he is competent
28% believe he can handle a crisis
28% believe he is mentally and physically competent to be President
2A) 58% of Democrats prefer someone other than Biden as their nominee
49% of Republicans prefer someone other than Trump as their nominee
3) Democrats remove Iowa and New Hampshire from their slots in the Primary schedule.
South Carolina will go first - To no surprise
4) Spy Balloon - Nuisance or real issue?
5) Border Chiefs to testify in House hearing. Secretary Mayorkis initially said No to two officials before relenting.
6) Jay Powell talks Economics and Interest Rates at the Economic Club of Washington D.C.
7) 7.8 Earthquake kills 5,000 in Syria and Turkey
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Schaftlein Report |How many More Classified Documents Exist?
How many More Classified Documents Exist?
!) Biden is at it again. Is there a cover up in the works? 64% of Americans are concerned
1A) Ron Klain leaving s Chief of Staff replaced by Jeff Zients
2) 3 Mass shooting in CA leave 19 dead and many wounded
3) Atlanta mayhem as radical environmental activists attack downtown buildings after member shot by police returning fire
kill one of their own. 6 arrested.
4) Democrats escalate fight as Minority Leader Jeffries names Schiff and Swalwell to Intelligence committee challenging McCarthy.
5) Democrats want no debt ceiling and unlimited government borrowing. Typical radical policy. 56% of Americans favor limited government shutdown to additional spending.
6) American credit card balances head higher as people borrow to live beyond their means..
7) Germany to allow Poland to deliver German made tanks to Ukraine.
8) Trump leads Biden by 3 in Emerson poll.
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Democrats blast Biden Classified Document Scheme
1) GOP wants visitor log at Biden Delaware home that does not exist
2) GOP House Representative Comer says Biden administration should make budget cuts now to avoid Debt Default
3) NYC Mayor Adams says NTC has no more room for illegal immigrants
3A) U.S. returns migrants to Cuba (6K so far last year) and Haiti.
4) High rise apartment building in Dnipro, Ukraine hit by missile and 40 dead including children.
Russia wants to seize Donbas by March
5) Davos, Switzerland meeting to discuss war, Economic woes and Climate change - Sure they would??
6) 6 dead in gang related shooting in California central valley.
7) NFL Divisional play-off games are set. We hit 5 of 6 game winners only missing the Minnesota Vikings loss to the NY Giants.
We also hit 4-2 against the spread with NY Giants and Miami spoiling the party.
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Schaftlein Report | McCarthy and Republicans get to Work
1) McCarthy won on 15th ballot to become Speaker of the House
1A) Next step is voting on the rules
2) Biden visited the border in El Paso over the weekend. Too little too late.
He did not even have the decency to invite the Governor of Texas Greg Abbott who was forced to pen a letter to Biden.
2B) Florida Governor Ron DeSantis deploys the Florida National Guard as migrant come to the Keys
3) Biden appears to be planning to run in 2024 despite a 42% approval rating
4) Democratic Senator Debbie Stabenow announces her retirement as she will not seek re-election for a 5th term.
5) Georgia Grand Jury completes Trump work, issues a report and is disbanded. They had no power to prosecute but can recommend action for another grand jury.
6) In Economic news, Goldman Sachs to lay off 3,200 employees
6A) 7,000 nurses strike in NYC over pay and support
7) Massive protests rock Brazil capital.
8) NFL Play-off picture is settled and Demar Hamlin continues his remarkable improvement.
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The Schaftlein Report | Republicans continue to embarrass themselves
The Schaftlein Report | Republicans continue to embarrass themselves
1) McCarthy fails on 4th vote despite getting 90% of the vote
1A) Trump calls on Republicans to vote for McCarthy
1B) Chip Roy nominates Byron Donald as Dumpster Fire grows
2) Biden, McConnell and the Governors of Ky and Ohio meet for photo op for bridge construction between KY and Ohio
celebrating infrastructure deal.
3) College murder suspect on the way back to Idaho to face 4 murder charges
4) Sam Bankman Fried pleads not guilty to numerous fraud charges
5) Ukraine spy chief warns of strikes deeper into Russia
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Schaftlein Report |Snow and Record Cold Cause Havoc
1) Death toll up to 27 in Buffalo as massive blizzard swamps the city. 50 dead nationwide.
1A) Record cold and travel delays over the holidays. Southwest cancels 75% of flights yesterday.
2) Texas relocates 3 busloads of migrants to VP Harris residence.
Liberals outraged. White House condemns
3) Ukraine launching attacks inside Russia. 3 killed at Russian base and 620 killed over the Christmas weekend.
3A) Ukraine says it is open to peace talks at the UN in February. Putin says there is a path to talks while the foreign minister demands surrender.
4) Retail sales were up 7.6% over the holidays
5) Denver Broncos fire coach Nathaniel Hackett in first year on the job.
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The Schaftlein Report | Merry Christmas and Happy Holidays to All
The Schaftlein Report | Merry Christmas and Happy Holidays to All
Guest - Jeffrey Dunetz
1) Zelenskyy to speak to joint session of Congress
2) Senate moving to pass Omnibus $1.7T spending bill
3) Title 42 on temporary hold issued by Supreme Court. Biden reluctantly asks for extension short term
4) In 7 Blue states, (WA, MASS, NJ, Minn, Hawaii, Colo. Oregon and R.I.) unemployment insurance, medicaid, food stamps and Obama care benefits total around $98K.
Democrats are paying people not to work. Permanent wards of the state. No wonder they vote democrat.
5) Sam Bankman-Fried to waive extradition back to U.S.
6) Stacey Abrams campaign spent $100M to lose and is $1M in debt
7) Biden calls Irish Americans idiots?
8) The humorous difference between Christmas and Hanukkah - Jeffrey
9) We'll be back on Tuesday 12-27 for final year end show!
1) Zelenskyy to speak to joint session of Congress
2) Senate moving to pass Omnibus $1.7T spending bill
3) Title 42 on temporary hold issued by Supreme Court. Biden reluctantly asks for extension short term
4) In 7 Blue states, (WA, MASS, NJ, Minn, Hawaii, Colo. Oregon and R.I.) unemployment insurance, medicaid, food stamps and Obama care benefits total around $98K.
Democrats are paying people not to work. Permanent wards of the state. No wonder they vote democrat.
5) Sam Bankman-Fried to waive extradition back to U.S.
6) Stacey Abrams campaign spent $100M to lose and is $1M in debt
7) Biden calls Irish Americans idiots?
8) The humorous difference between Christmas and Hanukkah - Jeffrey
9) We'll be back on Tuesday 12-27 for final year end show!
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Schaftlein Report | Trump Support Cratering on Electability Issue
Schaftlein Report | Trump Support Cratering on Electability Issue
1) Title 42 Ends Wednesday. Mainstream Media finally reporting on the CRISIS.
1A) El Paso in crisis. City declares state of emergency
1B) Biden has tried to end Trump's Remain in Mexico Policy but a federal judge has said NO.
1C) Denver mayor declares state of emergency when only 650 illegals arrive.
2) Bankman - Fried agrees to waive extradition. Still in Bahamian jail.
2A) Prosecutors looking at political donations
3) Sen. Manchin dodges question on if he will leave Democratic party and be an Independent. while trying to move a Natural gas pipeline
forward that was stalled in the senate. Democrats voted 40-10 against him.
3A) Coal use is at a record high globally
4) Trump backs McCarthy and says 5 Conservatives should stand down.
4A) Trump's NFT is ridiculed by Republicans but sells out at $99 for 44K units.
5) Twitter story unfolds as FBI was in constant contact with Twitter officials.
5A) Musk loses Twitter poll to remain CEO
5B) Conservatives previously banned return to Twitter
6) Goldman Sachs to lay off 4K employees
7) New England loses on one of the dumbest plays in NFL history. Beyond stupid
7A) Mike McCarthy blows game and Dallas loses on interception to Jacksonville. I'll explain the poor coaching.
7B) Washington is a victim of 1 questionable call and 1 terrible officiating calls at the end of the game on a non pass interference call. How is this missed?
7C) Colts blow 33-0 lead in worst collapse in NFL history
8) Mark Levin calls for special prosecutor to investigate the Biden Family and Joe Biden specifically.
9) ,Illinois ends cash bail. Judges now decide.
10) Congratulations to Argentina for winning World Cup!
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The Schaftlein Report | Headline - Crypto Reckoning for FTX
Guest - Drew Allen
1) Sam Bankman Fried arrested in the Bahamas at request of U.S. government. Multiple charges filed.
1A) House holds hearings with newly appointed FTX CEO John Ray as efforts begin to understand how the fraud occurred.
1B) SEC says fraud took place for years
2) CPI Index up .1% in November and 7.1% year over year, below forecast of 7.3%.
2A) Core CPI excluding food and energy up .2% and 6% yearly.
2B) Interest rates fall after the news. 2 year note down to 4.2% and 10 year note at 3.5%
2C) Services makes up 73% of CPI and that number was still high.
2D) 50 basis point increase slated for this week, then 25 basis points in January and 25 basis points in February.
This will bring the terminal Fed Funds rate to 4.88% by February
3) Mexican police escort 1,000 migrants that illegally crossed into El Paso. 5,000 are in custody and the system is overwhelmed.
3A) 16K have crossed in 2 days. Border is wide open
4) Ukraine repels 11 Russian attacks as battles rage on.
5) Iran executes a 2nd protester who was a young student. Protests rage.
6) Appeals Court rules Catholic hospitals do not have to perform Trans operations
7) Sen. Manchin has "No intention" of changing parties, "at this time"
8) 58% of voters do NOT want Biden to run. No surprise as his approval is 42%.
8A) DeSantis leads Trump by 56-33 in USA Today/Suffolk University poll
9) Mississippi State football coach Mike Leach dies at 61 of heart disease.
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The Schaftlein Report | Warnock Defeats Walker in GA Senate Race
The Schaftlein Report | Warnock Defeats Walker in GA Senate Race
Guest - Richard Battle
1) 51.4% to 48.6% win in Run Off by 95K votes. When they had the General back in November Warnock bested Walker by 49.4 - 48.5
1A) Warnock gained 2 points while Walker gained only .1%. The marginal Republican base stayed home while Warnock voters turned out.
1B Democrats outpaced Republicans by 200K votes in pre-election day voting.
1C Polling was pretty accurate on this race. Insider Advantage nailed it exactly.
2) Why did he win: Metro Atlanta
DeKalb County 87-13
Clayton County 89-11
Fulton county 77-23
Gwinnett County 62-38
Cobb County 60-40
3) Analysis:
Walker was a first time candidate with non transparent baggage that turned off some conservative voters.
The negative Trump effect - we'll explain
Walker campaigned thinking he could win a larger % of black vote. A HUGE miscalculation.
Residency in the state?
Outspent 3 to 1 by Democrats
Marginal Republicans did not vote for Walker and some shifted their vote to Warnock. Now they will suffer the consequences.
Did race play a role in lower than expected rural turn out?
4) Media influence - Fox news did not even show Warnock victory speech instead running a Gutfeld show.
In Other news:
5) NDAA moves closer to reality - The National Defense Authorization Act. We'll discuss what is in it and what is not.
6) 1-6 committee sends over a criminal referral to the DOJ.
6A) Trump company found guilty of tax fraud in NY court.
7) Rep. Andy Biggs to challenge Kevin McCarthy for Speaker after losing by 85% to 15% in the first vote. Why are Republicans the party of stupid?
8) Federal Reserve continues its balance sheet run off reducing it by $95B per month. The U.S. total Debt to GDP ratio is at 420%. Not good.
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The Schaftlein Report | Walker/Warnock Race Brings Election 2022 to a Close
The Schaftlein Report | Walker/Warnock Race Brings Election 2022 to a Close
Guest - Tom Amenta
1) Warnock favored by 3 in Run off polls show
2) House to repeal Vaxcine mandate for military service personnel
3) Biden visit to Arizona will not include Border visit. "More important thing sot deal with"
He doesn't care about the 4M that have crossed.
4) McCarthy to McConnell - "No omnibus deal" for budget. We agree 100%
5) White House calls Twitter Hunter Biden Story "old news". Musk - "much more to come"
6) Senators throw cold water on Impeachment talk even of Mayorkis. We'll discuss.
7) Biden 2024 decision will come in the new year according to chief of staff Ron Klain.
8) Avenatti gets 14 years for stealing money from clients
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Schaftlein Report | Budget Battles Continue in D.C.
Guest - Jeffrey Dunetz
1) Some Republicans say NO to huge spending bill and push for short term resolution.
1A) $45B added to military budget for 2023 to $847B
2) House committee obtains 6 years of Trump tax returns
3) Biden student loan deferral scheme cost taxpayers $5B per month. A 3 judge Federal Appeals Court unanimously reject Biden's plan.
4) Federal Reserve Chairman Powell says rate increases will slow to 50 basis points in the December meeting.
4A) Personal Consumption Expenditure (PCE) Index declined to 6% in October from 6.3% in September.
4B) Core CPA which excludes food and energy declined to 5% in October from 5.2% in September
4C) CPI was 7.7% in October and is expected to decline marginally in November
5) Warnock up by 51-49 over Walker in GA Senate race. Early voting shatters records. Outgoing Lt. Gov in Georgia did not vote for Walker. Amazing dunce.
6) 5 Bonehead Republicans still oppose McCarthy for speaker. If this holds, we will be the party of stupid.
7) Jeffrey discusses the 75 year anniversary of UN Resolution approving a separate Jewish state and the lack of recognition from Arabs.
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