Today is June 5, and these are the stories I am watching:
1-Stocks surge after the Fed hints at a possible rate cut. U.S. stocksposted their best day in five months, rebounding sharply from recent declines after Federal Reserve officials hinted they could lower interest ratesif the economy slows in response to escalating tariffs. Global stocks edged up on Wednesday.
DML: This is GREAT news for Trump.
2-‘Coward of Broward’ paying for alleged shooter’s sins?
Lawyers for a Marjory Stoneman Douglas High resource officer have vowed to fight the charges he faces for failure to enter the school during the 2018 mass shooting. Joseph DiRuzzo III, lawyer for Scot Peterson, said in a statement: “We will vigorously defend against these spurious charges that lack basis in fact and law. Specifically, Mr. Peterson cannot reasonably be prosecuted because he was not a ‘caregiver’, which is defined as ‘a parent, adult household member, or other person responsible for a child’s welfare.’” Peterson has been charged with seven counts of neglect of a child, three counts of culpable negligence and one of perjury after a 15-month investigation, according to a news release from Florida authorities. The charges carry a combined potential prison sentence of nearly 100 years for the officer blasted by many critics as the “Coward of Broward.”
DML: He deserves everything he gets.
3-Dems and Barr ready negotiate after ‘overbroad’ subpoena requests
Hours after the Department of Justice (DOJ) slammed House Democrats for planning a contempt vote against Attorney General William Barr — and charged that Democrats had privately admitted their subpoena requests were “overbroad” — House Judiciary Committee Chairman Jerry Nadler announced late Tuesday that he is open to negotiating with the DOJ “without conditions.” The turn of events reopened the possibility that Barr’s contempt vote may be postponed or canceled, if both sides return to the negotiating table. Nadler, however, pointedly refused to cancel the planned contempt vote prior to beginning any new negotiations, as the DOJ had demanded.
DML: If Dems won’t quit the Russia nonsense until the day Trump leaves office, then lets make it the narrative until 2024.
4-GOP balks at Mexico tariff plan. Senate Republicans have threatened to block President Trump’s planned tariffs on Mexico. “There is not much support in my conference for tariffs,” Senate Majority Leader Mitch McConnell said. But Mr. Trump said lawmakers would be making a mistake if they try to stop him.
DML: This is ALL driven by the Koch Brothers. Watch my Walk & Talk Tuesday night for explanation. Meanwhile, more than 1,500 people send support letter to President Trump in one hour after I announced the program Tuesday evening. Keep the momentum going. Here is how to start: DennisMichaelLynch.com/letter