Day: July 6, 2020

Wall Street Rises Again, Joins Worldwide Upswell for Markets

The Associated Press
New York Stock Exchange

Wall Street joined a worldwide upswell by markets on Monday, as stocks push higher on hopes that the economy can continue its dramatic turnaround despite all the challenges ahead.

The S&P 500 was 1.59% higher in afternoon trading, following up on similar gains in Europe and Asia. The headliner was China’s market, which leaped 5.7% for its biggest gain since 2015, when it was in the midst of a bubble bursting. Treasury yields also climbed in a signal of rising optimism after reports detailed improvements in the U.S. and European economies.

The Dow Jones Industrial Average closed up 459 points, or 1.78%, at 26,287. The biggest companies once again led the way, and strength for Apple, Amazon and other tech-oriented titans helped push the Nasdaq composite up 2.21% toward another record.

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Justices Rule 9-0: States Can Bind Presidential Electors’ Votes

Admin

In a decision flavored with references to “Hamilton” and “Veep,” the Supreme Court ruled unanimously Monday that states can require presidential electors to back their states’ popular vote winner in the Electoral College.

The ruling, in cases in Washington state and Colorado just under four months before the 2020 election, leaves in place laws in 32 states and the District of Columbia that bind electors to vote for the popular-vote winner, as electors almost always do anyway.

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Blackburn Calls Trump’s Fourth of July Speech ‘One of the Best’ of His Presidency

Anthony Gockowski

Sen. Marsha Blackburn (R-TN) called President Donald Trump’s Independence Day speech at the annual Salute to America celebration “one of the best” of his presidency.

The president delivered back-to-back speeches over the holiday weekend, the first of which took place Friday night in front of Mount Rushmore in South Dakota. In both addresses, Trump delivered an unapologetic defense of American culture and history, mercilessly deriding the “cancel culture.”

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Commentary: Playing the Russia Card

Admin

America was at a historic crossroads in 1971. The war in Vietnam increasingly was seen as unwinnable, while triggering ongoing unrest in cities and college campuses across the nation. The economy was challenged with rising inflation and rising trade deficits. In August 1971, the British ambassador turned up at the Treasury Department to request that $3 billion be converted into gold. That same week, President Nixon ordered a freeze on all prices and wages in the United States.

In the Communist world, America’s problems were trumpeted as the inevitable collapse of capitalist imperialism. Russia and China stood triumphant over a declining West. And what did Nixon do? He stunned the world by traveling to China. His goal: To drive a wedge between the two Communist superpowers.

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Kanye West Says He’s ‘Running For President,’ Picks Up Elon Musk’s Endorsement

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by Mary Rose Corkery   Kanye West said he’s “running for president” on Saturday. “We must realize the promise of America by trusting God, unifying our vision and building our future. I am running for president of the United States,” West wrote on Twitter Saturday. https://twitter.com/kanyewest/status/1279575273365594112?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1279575273365594112%7Ctwgr%5E&ref_url=http%3A%2F%2Fdailycallernewsfoundation.org%2F2020%2F07%2F05%2Fkanye-says-hes-running-for-president-picks-up-elon-musks-endorsement%2F Tesla CEO Elon Musk endorsed the 42-year-old rapper’s potential presidential bid on Twitter. “You have my full support!” Musk said. You have my full support! — Elon Musk (@elonmusk) July 5, 2020 West’s newest music hits carry an ongoing religious theme. His most hit, “Wash Us In The Blood” is part of an upcoming album,”God’s Country.” https://twitter.com/kanyewest/status/1277630262248198144 The rapper has a history of supporting President Donald Trump and made a $2 million donation to the families of George Floyd, Breonna Taylor and Ahmaud Arbery on June 4. West also donated to set up a college plan for George Floyd’s daughter, Gianna Floyd. – – – Mary Rose Corkery is a reporter at Daily Caller News Foundation.                       Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected].

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Officer Shot and Killed, Suspect Found Dead in Ohio

The Associated Press

Toledo Officer Anthony Dia was shot in the chest just after midnight in the parking lot of a Home Depot, and later pronounced dead at a hospital, Police Chief George Kral said at a news conference.

Witnesses told police the man shot the officer with a handgun and then went into a wooded area. At some point, officers heard a single gunshot coming from the woods, Kral said. The gunman, only described as a 57-year-old white male, was found dead of an apparent gunshot wound to the head around 3:15 a.m.

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Commentary: It Was a Magnificent Speech

Admin

Donald Trump did not mention Lincoln’s First Inaugural address in his speech commemorating the spirit of American Independence at Mount Rushmore on Friday night. But the president’s speech—perhaps his most forceful and eloquent to date—vibrated with the same energy and existential commitment that fired Lincoln in March 1861. 

Lincoln came to office at a time of crisis. His election had precipitated the secession of seven Southern states. His inaugural address was both a plea for conciliation and unity as well as a warning that violence would be stopped with force. “We are not enemies, but friends,” Lincoln said. 

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Bellagio Error May Be Biggest Sportsbook Loss for Las Vegas

The Associated Press

The nearly quarter-million dollars in winning wagers reportedly placed at MGM Resorts last Sunday might be the largest sportsbook loss in Las Vegas history on bets made after an event has started.

Seven longtime Las Vegas bookmakers can’t recall a larger loss, the Las Vegas Review-Journal reports. But each oddsmaker has taken hits on past posts and said it’s a fairly common occurrence at books.

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Despite Supreme Court Win, Energy Companies Cancel $8 Billion Atlantic Coast Pipeline

The Associated Press

The developers of the long-delayed, $8 billion Atlantic Coast Pipeline announced the cancellation of the multi-state natural gas project Sunday, citing uncertainties about costs, permitting and litigation.

Despite a victory last month at the United States Supreme Court over a critical permit, Dominion Energy and Duke Energy said in a news release that “recent developments have created an unacceptable layer of uncertainty and anticipated delays” for the 600-mile project designed to cross West Virginia and Virginia into North Carolina.

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Tennessee’s COVID-19 Case Count Rising, Although More Than 30,000 State Residents Have Recovered

Chris Butler

  As of Sunday night Tennessee has had a total of 51,431 confirmed COVID-19 cases and 646 deaths. Officials at The Covid Tracking Project reported the latest numbers on their website Sunday night. The website also reported that the virus has hospitalized 2,871 Tennesseans. Exactly 949 of those Tennesseans remain hospitalized.. But the Covid Tracking Project also reported that 30,254 Tennesseans have recovered from the virus. As of press time, 844,735 Tennesseans had tested negative for the disease. The Tennessee Department of Health, meanwhile, reported on its website Sunday night that Shelby and Davidson counties continue to lead the state in confirmed and probable COVID-19 case counts. The TDH website listed the following numbers for Tennessee’s counties Sunday: • Shelby County: 11,793 cases • Davidson County: 11,089 cases • Rutherford County: 2,987 • Hamilton County: 2,781 cases • Sumner County: 1,610 cases • Trousdale County: 1,498 cases • Williamson County: 1,313 cases • Knox County: 1,171 cases • Wilson County: 941 cases • Putnam County: 883 cases • Robertson County: 834 cases • Sevier County: 804 cases • Bradley County: 707 • Lake County: 692 cases • Tipton County: 645 cases • Bledsoe County: 620 cases • Bedford County: 570…

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William Lamberth Commentary: We Need Bill Hagerty Representing Us In The U.S. Senate

Admin

This November will decide the fate of our country for years to come. Will we become a nation run by radical Democrats who will destroy our country’s foundation with expensive socialist policies and violence in our streets, or will we re-elect President Donald Trump and send a Republican majority in both the House and the Senate to protect our nation’s freedoms and principles?

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Pharma Trade Group Sues State Over Affordable Insulin Law Hours Before it Became Law

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The Pharmaceutical Research and Manufacturers of America (PhRMA) filed a lawsuit late Tuesday seeking to strike down affordable insulin legislation the day before the law took effect.

The Alec Smith Insulin Affordability Act was named after a 26-year-old who died in 2017 while rationing his insulin medicine because he couldn’t afford the $1,300 refill after aging out of his parent’s insurance coverage.

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Michigan AG Nessel Will Comply with U.S. House ‘Partisan’ Request to Investigate Whitmer’s COVID-19 Nursing Home Policies

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Michigan Attorney General Dana Nessel defiantly responded to a letter from U.S. Rep. Steve Scalise, R-La., regarding the number of nursing home deaths in the state attributed to COVID-19.

Scalise is ranking member of the U.S. House of Representatives Select Committee on the Coronavirus. His June 25 letter – also signed by Reps. Jim Jordan, R- Ohio; Blaine Luetkeymer, R-Mo.; and Jackie Walorski, R-Ind. – followed a similar letter to Gov. Gretchen Whitmer to which she did not respond.

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COVID-19 Liability Reform Measure Flounders in Tennessee

The Associated Press

Just a few weeks ago, Tennessee looked like a sure bet to become the latest state to protect businesses and other organizations from lawsuits by people impacted by the coronavirus in the push to reopen the economy. Republican Gov. Bill Lee had talked up the change and touted his advocacy on tort reform as a businessman, and he had GOP lawmakers in supermajorities lined up to seal the deal.

That was before negotiations among lawmakers broke down so badly in the hectic waning hours of legislative work that the generally mild-mannered Senate Speaker Randy McNally accused two House leaders of working with “a cabal of Democrats and attorneys to defeat the legislation and place our entire economy in danger.”

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