DML Morning Briefing ~ Wed. Oct. 5

Today is October 5. 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 – Reporters, pundits panic as Musk pivots to close Twitter deal: ‘Be afraid, be actually afraid’
Fox News reports: Members of the media renewed their anger against billionaire tech mogul Elon Musk on Tuesday after reports showed him closing his deal to officially buy Twitter.

Fox Business reported Twitter intended to close the deal for Musk’s $44 billion acquisition of the social media company at $54.20 per share, the original offer Musk made in April. Shares from Twitter stock quickly soared after the announcement which also received approval from Twitter shareholders.

Reporters and journalists, however, expressed doubts and even fears about Musk’s purchase.

MY TAKE: This is one liberal meltdown that will be really fun to watch!

2 – Dow futures fall more than 270 points following a sharp two-day rally on Wall Street
CNBC reports: U.S. stock futures fell on Wednesday, putting Wall Street on track to give back some of its sharp gains from the last two sessions.

Dow Jones Industrial Average futures declined by 278 points, or 1%. S&P 500 and Nasdaq 100 futures dipped 1% and 0.9%, respectively.

Treasury yields rebounded Wednesday, weighing on stocks. The 10-year rate traded 7 basis points higher at 3.697% after briefly dipping below 3.6% in the previous session.

Payroll services firm ADP issued its jobs report, which showed the addition of 208,000 jobs in September, which is better than expected by Dow Jones estimates. Traders are still looking ahead to Friday’s release of the nonfarm payrolls report.

MY TAKE: DML knew what he was talking about when he posted the following just yesterday:

If you thought everything is upside down, the stock market rally today is proof. Lower jobs openings spurred the uptick because it means the Fed is killing the economy. So although people will be out of jobs Wall St sees this as good for the “future.” Ask the person who soon loses their job and can’t pay his / her scaling mortgage, car payments, rent /mortgage if he or she feels good like Wall St does. DC and Wall St is so disconnected from reality that the rest of us face. But do not fret, the rally is fools gold. It’s set to nosedive again this week and next.

3 – Washington, DC, Democrats Approve Plan Allowing Illegal Aliens to Vote
Breitbart reports: Democrats on the Washington, DC, City Council have approved a plan that would allow foreign nationals, including illegal aliens, to vote in local elections.

On Tuesday, the D.C. City Council voted 12-1 to advance a bill that will allow foreign nationals, regardless of if they have visas or are illegally in the United States, to vote in local elections such as school board races and mayoral elections.

“Our immigrant neighbors of all statuses participate, contribute and care about our community in our city,” D.C. Councilmember Charles Allen (D) said, according to the Hill. “They, like all DC residents, deserve a right to have a say in their government.”

Only Councilwoman Mary Cheh (D) voted against the bill, suggesting she would have supported it had provisions included a minor 30-day residency requirement for foreign nationals looking to register to vote.

MY TAKE: This is absolute INSANITY!  And in our nation’s capitol!

4 – Treasury Department’s new racial equity committee wants to ‘center race’ in all policy
Fox News reports: The vice chair of the Treasury Department’s newly-announced racial equity committee wants to defund the police and put racial justice at the center of all government policymaking.

Treasury Secretary Janet Yellen on Tuesday announced the formation of a 25-member committee called the Treasury Advisory Committee on Racial Equity, which will identify, monitor, and review aspects of the domestic economy “that have directly and indirectly resulted in unfavorable conditions for communities of color,” according to a press release.

In the latest iteration of the Biden administration’s inclusion of capitalism critics in federal governance, Felicia Wong, the president and CEO of the Roosevelt Institute, was announced to serve as the nascent racial equity committee’s vice chair.

MY TAKE: MORE INSANITY! If this isn’t another good reason why Republicans must win in the midterms, I don’t know what it will take.

5 – Middle School Teacher Defends Hitler As An Inspirational Figure: ‘Strong Leadership Qualities’
The Daily Caller reports: A California middle school teacher praised Adolf Hitler as a leader while displaying his photo in the classroom, according to the Jerusalem Post.

Tabitha Barry, a middle school teacher at Carmel Valley High School in San Diego, California, placed a photo of Hitler in her classroom as a part of a lesson next to leaders such as former president John F. Kennedy, Indian spiritual leader Mahatma Gandhi and civil rights leader Martin Luther King Jr., according to the Jerusalem Post. After a student voiced their disapproval of the Hitler next to the other leaders, Barry defended Hitler’s place amongst the photos.

“Hitler may have done some bad things, but he also had strong leadership qualities,” Barry said to the student, according to the Jerusalem Post.

The San Dieguito Union High School District reported that Barry was asked to remove the photo following parent complaints, the Jerusalem Post reported. In May, Carmel Valley High School underwent the Anti-Defamation League’s anti-bias training titled, “No Place For Hate.”

MY TAKE: Why does that teacher still have a job?