Today is May 20, and these are the stories I am watching.
1-Google bans Huawei from some Android services. Google is halting some Android services on smartphones made by Huawei, a sign that Washington’s decision to deny the Chinese tech giant access to U.S. technology will bite into its booming consumer-device business.
DML: Like the decision or not, the power of Google, Facebook and Twitter is scary.
2- Firms tighten capital spending. Spending on factories, equipment and other capital goods slowed in the first quarter among a broad cross-section of U.S.-listed firms, highlighting concerns among executives that lingering trade tensions with China were making them and their customers cautious.
DML: If you have followed me for the past year, I told you this would happen. And this is when I said, and how I said, it would start. Trump needs to be super careful. This economy will drop as fast and it jumped if he doesn’t play this smartly.
3-SEC levies billions in fines, but it doesn’t always collect. The Securities and Exchange Commission over the five years ending in 2018 took in 55% of the $20 billion in enforcement fines set through settlements or court judgments, according to agency statistics. The SEC has written off more than $10 billion in fines since 2009, according to a Journal analysis.
DML: Unreal. But if you get a fine for whatever, you lose something. But not big business. DML2024 changes this BS!
4-Trump vows to not let Iran get nukes, takes on Biden and Buttigieg in Fox News interview. President Trump vowed, in a wide-ranging interview with Fox News, not to let Iran get nuclear weapons – but reiterated his reluctance to go to war. “I will not let Iran have nuclear weapons,” he told Steve Hilton, host of “The Next Revolution.” “I don’t want to fight. But you do have situations like Iran, you can’t let them have nuclear weapons — you just can’t let that happen.” Earlier Sunday, the president tweeted that a war would result in “the official end of Iran” and warned the nation to “[n]ever threaten the United States again!” Trump tweeted hours after a rocket landed less than a mile from the U.S. Embassy in Baghdad’s heavily fortified Green Zone, the first such attack since September.
Tensions between the U.S. and Iran have risen in recent weeks after the Trump administration ordered warships and bombers to the Middle East earlier this month to counter threatened attacks against U.S. interests by Iran or Iranian-backed forces. During his interview, the president also addressed the rising challenge 2020 presidential candidate, South Bend, Ind. Mayor Pete Buttigieg and 2020 Democratic frontrunner Joe Biden’s questionable ties to China and role in the Iran nuclear deal Trump withdrew from last year.
DML: I will be speaking about this interview today at 10am Eastern on DML LIVE, available at TeamDML.com
5-Buttigieg reach out to blacks
Insurgent Democrat presidential candidate Pete Buttigieg acknowledged at the Fox News town hall in Claremont, N.H. Sunday evening that he needs to do more to appeal to “black and brown” voters, even as he parried a series of policy questions — and, on several occasions, went directly after President Trump. Buttigieg argued that minority voters are “skeptical of people who seem to come out of nowhere,” after moderator Chris Wallace noted that he was polling at one-percent support among nonwhite primary voters according to a recent Fox News poll. Buttigieg also took on the controversial newly passed pro-life legislation passed in Alabama, as well as similar bills making their way through other state legislatures, Trump’s tweets, tax hike proposals and explained his decision, as a Democrat, to appear on a Fox News town hall.
DML: Mayor Pete is to 2020, what Ben Carson was to 2016. Flavor of the month(s).
6-Trump2020. President Trump plans to formally launch his re-election campaign next month, likely with a burst of swing-state rallies. Reportedly, Trump makes it clear that he thinks of the official kickoff as June 16 — four years to the day since he rode down the gold escalator in Trump Tower to announce his improbable 2016 run.
DML: My suggestion to Trump is focus on fixing things with China and trade or else the one thing he can boast about will slip away. He certainly can’t run on “winning” at the border.
7- Millennial misery. Data shows millennials are “in worse financial shape than every preceding living generation and may never recover.” Hobbled by the financial crisis and recession that struck as they began their working life, Americans born between 1981 and 1996 have failed to match every other generation of young adults born since the Great Depression.
DML: The WSJ put out this report. Here is what they fail to mention… since 1996 we’ve taken in the next version of the “great wave.” We are taking in so many immigrants both legal and illegal, that we are killing our kids future.
8- UTAH homeless pop: The number of homeless people in Weber County has risen by 48 percent from 2014 to 2018, according to the report commissioned by the Weber Housing Authority. The number is based on the Point in Time Count, a yearly count of sheltered and unsheltered people on a single night.