On Wire

Breaking news, updates, and reports on current events.

CNN: Hunter Stuff Doesn’t Look Great for Joe

by

CNN anchor Brian Stelter said Sunday on his show “Reliable Sources” that the ongoing federal investigation of President Joe Biden’s son Hunter is “not just a right-wing media story.” Stelter added Hunter’s legal jeopardy could endanger his father’s chances in his 2024 re-election run. Stelter said, “Maureen Dowd’s column in this morning’s New York Times … Read more

Italian Populist May Return To Stop Illegal Immigration

by

Italian populist League leader Matteo Salvini has called for the country’s next Interior Minister to be a member of his party, citing the successes he had tackling illegal immigration when he had the job. The League (Lega) leader, who served as Italy’s Interior Minister in 2018 and 2019, visited the island of Lampedusa earlier this … Read more

DeSantis’ Spokeswoman Puts Media on Defense

by

Christina Pushaw, the press secretary for Republican Florida Gov. Ron DeSantis, outlined her approach to dealing with the corporate media in an interview with the Daily Caller News Foundation. It’s crucial for conservatives to reject the media’s framing of an issue when it’s inaccurate or blatantly partisan, she said, but her refusal to accept the … Read more

Europe Is Heading Towards A Green Depression

by

https://twitter.com/WallStreetSilv/status/1556484293936812033 https://twitter.com/WallStreetSilv/status/1556478319817809920 https://twitter.com/WallStreetSilv/status/1556362037768310784 The list of fertilizer and chemical plants shutting down or rationing in the EU is impressive. With these gas prices, the list will grow.According to @ICISOfficial, around 40% of urea production may have been cut in EU.Despite a possible recession, food prices will increase. pic.twitter.com/lCmq86YnT2 — Francesco Sassi (@Frank_Stones) August 7, 2022 … Read more

The Recently Passed CHIPS Act Has Nothing to Do with rebuilding American Manufacturing, but Creating Controlled Flow of Cash and Materials

by

by Chris Black We had Texas Instruments. It was replaced by TSMC. So China will cut off Taiwan Semiconductor’s supply of fine silicon for making chips, turning the entire world upside down. 20 Total Chinese & Taiwan Warships In ‘Close Quarters’ Standoff In Strait As Drills Wind Down https://t.co/6vD0EQz933 — Trade For Profit 📈 (@TFPdaily) August … Read more

Democrats Pass Large Tax Bill to Change the Weather in the Middle of a Recession

by

by Chris Black Because remember: taxing corporations is a real thing and it also reduces inflation. That’s basic economics 101. New York Post: Leading GOP figures eviscerated Senate Democrats for pushing through a $740 billion package that would spend on energy and health care while raising corporate taxes with the GOP chair warning midterms would be painful … Read more

Elon Musk Challenges Twitter CEO to Debate to Prove Bot Reporting Twitter Materially Restated Its SEC Reporting on Bots 3 Days After Signing Deal

by

2/ When @elonmusk requested more information about spam and fake accounts; Twitter provided a vague response. Then provided outdated data; Then offered a fake data set (not real "firehose");Then provided a cleaned data set where they already suspended the malicious accounts; — Andrea Stroppa 🐺 Claudius Nero's Legion 🐺 (@andst7) August 5, 2022 4/ @elonmusk … Read more

By the time we get official confirmation of recession, bulls will be officially buried. Like last time, except far deeper and with no hope of bailout.

by

by BoatSurfer600 🇺🇸 #Recession | *US 2-to-10 Year curve inversion reaches mark last seen in August 2000 – Bloomberg pic.twitter.com/0on4eVcM4D — Christophe Barraud🛢🐳 (@C_Barraud) August 8, 2022 Monetary tightening stage 2 – on a backward looking basis, private sector borrowing has partly offset Fed tightening. But bank lending standards have tightened enough so that credit … Read more

U.S. Gasoline Prices Could Sink Below $4 Today

by

By Julianne Geiger AAA: Gasoline prices on Monday in the United States slipped to an average of $4.059 per gallon. Diesel will likely soon fall under $5 per gallon. Gasbuddy: Gasoline prices have fallen for the eighth week in a row. Gasoline prices in the United States could fall below the $4 per gallon mark, Gas … Read more

Pushin’ Too Hard? US Treasury Yield Curve Inverts To -45 Basis Points (Most Inverted Since 2000) Despite Senate Passing “Inflation Reduction” Boondoggle

by

by confoundedinterest17 Is The Federal Reserve pushin’ too hard on raising their target rate? The US Treasury 10Y-2Y yield curve descended further into inversion, signaling impending recession. The US unemployment rate (U-3) tends to be the lowest when the 10Y-2Y yield curve inverts, then explodes when recession strikes. The spread between the Bankrate 30-year mortgage rate … Read more