DML Morning Briefing June 13

By  Dennis Michael Lynch

Today is June 13. Below are some of the stories grabbing headlines this morning. I hope you share this briefing as doing so will make you the smartest person in the room.

1.Liz Cheney Uses January 6 Committee for Political Retaliation, Subpoenas Primary Opponent’s Campaign Adviser
Breitbart – Rep. Liz Cheney (R-WY) appears to have used the January 6 committee as a political weapon against her primary opponent.

It is no secret that Liz Cheney’s political career as an establishment Republican took a nosedive into oblivion when she sided with the Democrats in their January 6 witch hunt. Since then, her primary opponent, Harriet Hageman, has been trouncing Cheney in the polls and now leads by a whopping 30 points. After a dismal first hearing for the January 6 committee that pulled in just 19 million viewers across the United States, Liz Cheney has now subpoenaed former Donald Trump campaign manager William Stepien, who also just so happens to be Hageman’s campaign adviser.

 

DML: The insanity picks up today where we left it Thursday evening. I will NOT be watching, but I will check out some of the clips so we can refer to them on Tuesday’s episode of The Dennis Michael Lynch Podcast. As for Lizzy, she deserves a retirement gift. How about MAGA hat signed by President Trump.

2.Trump is planning to launch 2024 presidential campaign in Florida
Daily Mail -A poll was taken at the Western Conservative Summit earlier this month where 1,114 attendees were asked to check off as many candidates as they’d like to see run in 2024 from a list of top potentials.

DeSantis, 43, was checked off by 71.0 percent of respondents, Trump by 67.8, and Sen. Ted Cruz in third by 28.7 percent. DeSantis also won the straw poll last year.

DeSantis’ rising star within GOP ranks is said to have rattled the former president so much that he is now looking at various ways to unsettle any plans the Florida governor may have for a presidential bid of his own. They include Trump launching his 2024 from the Sunshine State and hosting a massive party close to the governor’s mansion.

DML:  I will make a wager now, although you may not want to agree with me, Trump will have to primary DeSantis to get the nomination.  I think the governor is going to win his reelection in Florida in a landslide, and if he does it will show how powerful his star would shine on a national level.  Keep in mind, FL has forever been a swing state.  If he shows he convert independent and liberal voters, then it’s a viable run for president on his part.

3.Biden’s White House hosted several ‘defund the police’ activists over the past year, visitor logs show
Fox News – Despite maintaining public distance from the “defund the police” movement, President Biden’s administration has quietly maintained relationships with some of the driving forces behind the far-left movement, White House visitor logs reviewed by Fox News Digital show.

Several defund the police activists have visited the Biden White House and met with top aides over the last year, White House visitor logs show.

While Biden has largely espoused pro-police rhetoric during his time in office, he has tapped left-wingers in sync with the defund movement to key positions in his administration.

DML: Does this shock you?  Of course not.  Crime is running wild, Biden is doing nothing to solve the issue.  Instead, he dumps gasoline (that he purchased from Russia) on the fire.

4.Dow futures tumble 600 points with the S&P 500 poised to fall back into bear market territory
CNBC – U.S. stock futures dropped on Monday morning, putting the S&P 500 on track to fall back into bear market territory and possibly to a new low for 2022. A jump in short-term rates drove the negative sentiment as investors still reeling from a hotter-than-expected inflation report on Friday braced for the Federal Reserve to raise rates later in the week.

S&P 500 futures fell 2.4% after the benchmark closed Friday down 19% from its record high and just about 2.4% above its sell-off low from last month. The S&P 500 briefly traded in a bear market — down 20% from its high — about three weeks ago but failed to close in that territory. The stock market then bounced in late May until the selling returned last week.

Futures tied to the Dow Jones Industrial Average dropped 600 points, or 1.9% after it posted its worst week since January. Nasdaq 100 futures tumbled 3%.

DML: The Fed meets tomorrow, and they are bound to raise interest rates again.  I have my money waiting for a safe CD, which will probably grab 2.5% annually or more.  It’s the only safe bet I see anywhere.  Stocks right now, in my humble opinion, are set for a bigger crash than already on record for this year.

5.US: Pfizer COVID-19 shot appears effective for kids under 5
WASHINGTON (AP) — Federal health officials said Sunday that kid-sized doses of Pfizer’s COVID-19 vaccines appear to be safe and effective for kids under 5, a key step toward a long-awaited decision to begin vaccinating the youngest American children.

The Food and Drug Administration posted its analysis of the Pfizer shot ahead of a Wednesday meeting where outside experts will vote on whether the shots are ready for the nation’s 18 million babies, toddlers and preschoolers. Kids under 5 are the only group not yet eligible for COVID-19 vaccination in the U.S.

Late last week the FDA posted a similar analysis of Moderna’s shots for children under 6.

If regulators clear the shots by one or both companies, vaccinations could begin as soon as next week with the drugmakers ready to rapidly ship doses ordered by the government. Parents have been pressing federal officials for months for the opportunity to protect their smallest children as more adults shed masks and abandon other public health precautions.

DML: Why would any parent stick aged vaccine that does NOT stop the virus from entering the body to cause illness.  The covid risk to kids is so very tiny, and yet those drug companies can’t wait to bill for another 18 million customers.