BREAKING: Nancy Pelosi has told US House Democrats that President Biden can be "persuaded fairly soon" to exit the 2024 presidential race.
New reports from Fox Business state that President Biden may drop out as soon as tomorrow. Source: Politico, The Kobeissi Letter
Over the last few months, week-ends have been full of surprise
Can we get a new one this week? Obama says President Biden "needs to seriously consider the viability of his candidacy." Top Democrats have said Biden may drop out of the 2024 election AS SOON AS THIS WEEK-END. Odds of Biden winning election are plummeting again (note that the fact he is COVID-positive doesn't help either) Source: The Kobeissi Letter
Here’s what JD Vance’s portfolio looks like
Source: Savvy Trader
Sox plunged 6.8% in semi conductor sector's worst selloff since March 2020
on the prospect of increased export restrictions on advanced semiconductor technology, and by Donald Trump's latest comments on Taiwan. Taiwan "did take about 100% of our chip business" and "should pay us for defense," Trump said in a Bloomberg Businessweek interview. Intel and GlobalFoundries bucked the trend as potential US domestic semi 'winners.' Source: Bloomberg, HolgerZ
Global chip stocks from Nvidia to ASML fall on geopolitics, Trump comments.
Global chip stocks fell sharply, with ASML , Nvidia and TSMC posting declines amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fueled by comments from former U.S. President Donald Trump. ASML’s Netherlands-listed shares were down 11%, while Tokyo Electron shares in Japan closed nearly 7.5% lower. The moves came after Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China. Washington’s foreign direct product rule, or FDPR, allows the U.S. to put controls on foreign-made products even if they use the smallest amount of American technology. This can affect non-U.S. companies. Source: CNBC
The amount raised by the former president is a record second-quarter haul that almost matches the sums raised during his entire 2016 campaign, according to an analysis of federal filings
Fundraising groups aligned with Donald Trump raised more than $400mn for his presidential election campaign between April and June — a record second-quarter haul that almost matches the sums raised during his entire 2016 campaign, according to a Financial Times analysis of federal filings. The figure, which is likely to grow as more of the political action committees that help fund campaigns report this weekend, is three times the first-quarter total and roughly double their contributions from the same period of the 2020 election. The massive windfall, which puts the Republican on track to outpace his Democratic rival President Joe Biden, came from small donors furious at Trump’s criminal conviction in New York and billionaires flocking to his campaign. Source: FT Link >>> https://lnkd.in/eijfGTMR
Some good news for Wall Street?
Donald Trump will not seek to remove Federal Reserve Chair Jerome Powell before the central banker’s term ends and would consider JPMorgan CEO Jamie Dimon for Treasury secretary if he won the Nov. 5 election, the former president told Bloomberg in an interview published on Tuesday. JPMorgan declined to comment on Trump’s remarks. Powell’s term as chairman runs through January 2026, and his position as a Fed governor continues until 2028. The interview was conducted in late June, according to Bloomberg.
Police fatally shot a man Tuesday about a mile away from the main Republican National Convention venue in Milwaukee, CNN affiliate WISN reported.
Witnesses told the station that two men were fighting in a local park when one of them pulled a knife out. Witnesses said the men were startled when officers responded and the man with the knife was shot by multiple officers, WISN reported, noting those details had not been confirmed by police. Source: CNN
