THREAD: stock market soars bullish trend emerges

NBA’S SHOCKING Return to China: Millions at Stake After Controversial Ban Lifted

06 December 2024 — The Brooklyn Nets and Phoenix Suns will play two preseason games in China. This follows the reinstatement of the NBA’s broadcast deal, worth millions. The league was banned in 2019 after a controversial tweet by Rockets executive Daryl Morey supporting Hong Kong protesters.

Chinese authorities demanded Morey be fired, but NBA Commissioner Adam Silver refused. Instead, Silver publicly criticized Morey, leading to his apology and retraction of support for the pro-democracy movement. Despite this, China suspended NBA broadcasts until now.

Morey’s tweet read: “Fight for freedom, stand with Hong Kong.” His apology aimed to mend relations with Chinese fans and sponsors offended by his stance. He stressed that his views were personal and not representative of the Rockets or the NBA as a whole.

The return of NBA games to Chinese screens marks a significant financial move for both parties involved. It highlights ongoing tensions between business interests and political stances within international sports diplomacy.

TRUMP’S Triumph Ignites Outrage: Just Stop OIL Strikes Back

06 November 2024 — On Wednesday, Donald Trump claimed victory in the 2024 U.S. Presidential Election, winning support from over 70 million Americans. Yet, not everyone was pleased. The far-left group Just Stop Oil showed their anger by splashing bright orange paint on the U.S. Embassy in London.

Just Stop Oil slammed corporate power and fossil fuel industries, saying they control major political parties and are the real winners of the election. They called Trump a “fake populist,” claiming he ignores what they see as vital — stopping oil and gas drilling. The group urged regular people to act since they believe no leaders will make needed changes.

Activist Joseph Aggarwal was detained by police after joining the protest. He voiced concerns about a lack of true democracy across Western nations, arguing voters get similar policies no matter which party wins, worsening living conditions and climate issues. Aggarwal accused Trump of using public frustration to help billionaires while ignoring urgent environmental problems.

TRUMP’S Surge: Why Hispanic Voters Are Embracing Him

06 November 2024 — CBS News Executive Director of Elections and Surveys, Anthony Salvanto, highlighted Donald Trump’s rising support among Hispanic neighborhoods in Philadelphia. Despite Trump’s past rhetoric, many Hispanics feel he isn’t targeting them negatively. This perception is shifting some Latino voters toward Trump.

A poll revealed that two-thirds of surveyed Latinos believe Trump wasn’t referring to them when discussing immigrants. Additionally, half of foreign-born Latinos shared this sentiment. These findings suggest a growing acceptance of Trump among Hispanic communities.

While Latinos predominantly lean Democrat, Trump’s messaging on the economy resonates with many in this demographic. His approach appears to offer a sense of belonging similar to that extended to white voters. This strategy could be pivotal for his future campaigns as he continues to engage with diverse voter groups.

TRUMP RALLY Draws Huge Crowd In Arizona: Supporters Ecstatic

24 August 2024 — Videos and pictures on social media show the arena, which holds 18,000 people, nearly full ahead of former President Donald Trump’s speech at the Turning Point Action rally. Supporters lined up for miles hoping to gain entry.

The venue previously hosted an event by Harris earlier this month, drawing a crowd of 15,000. The Trump rally comes shortly after Robert F. Kennedy Jr. announced the suspension of his presidential campaign and urged blue state residents to vote for him while supporting Trump in battleground states.

Trump hinted at a “special guest” for the rally on Truth Social, leading many to speculate that it could be Kennedy. “Heading to Arizona where I will soon be speaking at Turning Point — BIG CROWD, AND EVEN BIGGER SURPRISE!” he posted.

LABOUR PARTY’S Landslide WIN Ends Conservative Rule In UK

05 July 2024 — Britain’s new prime minister, Keir Starmer, has pledged to reverse the despair that accumulated over 14 years of Conservative rule. He promises an urgent mission of national renewal after Labour’s landslide victory.

The challenges are significant. Rising poverty, crumbling infrastructure, a lagging economy, and an overstretched National Health Service have led to widespread dissatisfaction. The defeat marks the worst ever for Conservatives in the UK.

Labour will now form the next government amid calls for immediate action to address these pressing issues. Follow AP’s live coverage of the election for more updates on this historic shift in British politics.

LABOUR PARTY Surges Amid UK Election Betting Scandal

29 June 2024 — The U.K. general election on July 4 is approaching, with the Labour Party expected to defeat Prime Minister Rishi Sunak’s Conservatives. Polls indicate Labour leader Keir Starmer will likely form the next government.

The Conservative campaign has struggled, facing allegations of election betting involving figures close to Sunak. This scandal has further dampened their already lackluster efforts.

In the U.K., the prime minister decides election dates, unlike fixed schedules in countries like the U.S. This unique system has led to a market for predicting election dates and outcomes.

Police officers and Conservative insiders are under investigation for their involvement in this betting scandal, adding another layer of controversy as over 50 countries prepare for elections in 2024.

Biden’s BORDER Policy SHOCKS Americans: Crime Rates Soar

11 June 2024 — President Biden’s border policy has led to a surge in illegal crossings. Many Americans are worried about the rising crime rates linked to this influx. Local communities are feeling the impact, and some residents say they no longer feel safe in their own neighborhoods.

Critics argue that Biden’s approach is too lenient and lacks proper enforcement. They believe this has encouraged more people to cross illegally, putting a strain on resources and law enforcement.

Supporters of stricter border control point out that crime rates have increased in areas with high numbers of illegal immigrants. They call for immediate action to secure the border and protect American citizens from further harm.

The debate over immigration policy continues, but one thing is clear: many Americans are deeply concerned about their safety and the future of their communities under current policies.

POPULIST PVV Surge: Historic Gains in European Parliament

07 June 2024 — The Party for Freedom (PVV) is set to secure at least seven seats in the European Parliament, according to exit polls. This marks a significant gain from zero seats in 2019. Ipsos estimates show this as the largest gain for any Dutch party and a historic high for PVV.

Despite this success, the Green Left and Labour Party alliance is predicted to win eight seats, one fewer than their combined total in 2019. Geert Wilders expressed optimism about potentially gaining an additional seat when official results are released. He stated, “We have never had seven seats before… We are by far the biggest winner.”

Wilders believes this result signals a broader trend across Europe against mass migration policies. He said that Eurosceptical voices will grow stronger within the European Parliament, sending a clear message to Brussels elites.

Tom Van Grieken of Belgium’s Vlaams Belang echoed Wilders’ sentiment, calling it a “very hopeful signal” for similar parties across Europe. He noted that what happened in the Netherlands could also happen in Flanders on Sunday.

NIGEL FARAGE’S Bold Return: Reform UK Aims to Shake UP British Politics

04 June 2024 — Nigel Farage is back at the helm of the Reform UK Party, formerly known as the Brexit Party. He will stand for election in Clacton, a seat where his former party UKIP previously found success. Farage’s ambitions extend beyond this election, aiming for significant influence in future elections.

A recent poll indicates a potential Conservative Party defeat under Rishi Sunak’s leadership. Farage believes Reform UK could surpass the Conservatives in votes next month. He stated, "We’re going to get a huge number of votes... they are on the verge of total collapse.

Reform UK has outpolled Conservatives before, notably in the 2019 EU Parliament elections with 5.2 million votes against 1.5 million for Conservatives. However, replicating this success in Westminster elections would be challenging due to Britain’s electoral system favoring established parties like Labour and Conservatives or regional parties like SNP and Greens.

Farage aims to use this campaign as a springboard for future success, positioning Reform UK as the main opposition party against an internally conflicted Conservative Party. “We are going to be the voice of opposition,” he declared confidently, promising to surprise everyone once again with his political prowess.

UK-US SPECIAL RELATIONSHIP Faces Turbulence With Trump And Labour

18 May 2024 — Polls indicate Donald Trump may return to the White House, while the Labour Party is projected to take power in the UK. This potential shift could strain the “special relationship” between the two nations.

Labour leaders are softening their stance on Trump, recognizing the need for cooperation with Washington. However, London Mayor Sadiq Khan is pushing for open criticism of Trump, labeling him a “racist,” “sexist,” and "homophobe.

Khan insists that maintaining a special relationship means calling out such views. Despite his city’s crime issues and recent re-election, Khan remains vocal against another Trump presidency. He argues against welcoming Trump with state honors and claims many Republicans share his concerns about Trump’s return.

SOUTH KOREAN Election Shocker: Voters Lean Left in Historic Turn

11 April 2024 — South Korean voters, upset by the economic slump, are showing their disapproval towards President Yoon Suk-yeol and his ruling People Power Party (PPP). Early exit polls indicate a dramatic tilt in the National Assembly, with the opposition DP/DUP coalition on track to win between 168 and 193 of the 300 seats. This would leave Yoon’s PPP and its partners trailing with just 87-111 seats.

A record-breaking turnout of 67 percent — the highest for a midterm election since 1992 — reflects widespread voter engagement. South Korea’s unique proportional representation system aims to give smaller parties a chance but has resulted in a crowded field that confuses many voters.

PPP leader Han Dong-hoon has publicly recognized the disappointing exit poll figures. He pledged to honor the electorate’s decision and wait for the final tally. The election results could mark a pivotal change in South Korea’s political landscape, hinting at broader shifts ahead.

This electoral outcome underscores growing public discontent with current economic policies and signals a desire for change among South Korean voters, potentially reshaping the nation’s policy direction in years to come.

REFORM UK RISES: Public Discontent Over Immigration Policies Fuels Momentum

29 March 2024 — Reform UK is gaining momentum, largely fueled by its firm stance against “unchecked immigration,” as stated by the party’s deputy chair. This surge in support comes in light of recent data from Ipsos Mori and British Future, a pro-immigration think tank. The figures highlight public dissatisfaction with the government’s management of borders, indicating a potential shift in the UK’s political landscape.

Despite Labour currently leading in the polls, Nigel Farage’s Reform UK party is outpacing the Conservatives when it comes to trust and policy matters. This could serve as an alarm bell for Tory politicians who have been at Britain’s political helm for two centuries. Ben Habib, Deputy Leader of Reform UK, attributes this shift to what he perceives as the Conservative Party neglecting their own voter base.

According to Ipsos Mori research, 69% of Britons express dissatisfaction with immigration policies while only 9% are content. Of those dissatisfied individuals, over half (52%) believe migration should be reduced while just 17% think it should increase. Specific grievances include inadequate measures to prevent channel crossings (54%) and high immigration numbers (51%). Less concern was shown towards creating negative environments for migrants (28%) or poor treatment of asylum seekers (25%).

Habib asserts that this widespread discontent signifies a historic realignment in politics

TRUMP SURGES Ahead in Michigan: Biden’s Struggle to Secure Base Exposed

25 March 2024 — A recent trial ballot in Michigan has revealed a surprising lead for Trump over Biden, with 47 percent favoring the former president compared to 44 percent for the incumbent. This result falls within the survey’s ±3 percent margin of error, leaving nine percent of voters still undecided.

In a more complex five-way trial ballot test, Trump maintains his lead at 44 percent against Biden’s 42 percent. The remaining votes are split among independent Robert F. Kennedy Jr., Green Party candidate Dr. Jill Stein, and independent Cornel West.

Steve Mitchell, president of Mitchell Research, attributes Trump’s lead to Biden’s lackluster support from African Americans and younger voters. He forecasts a nail-biting contest ahead as the victory will likely hinge on which candidate can rally their base more effectively.

In a head-to-head choice between Trump and Biden, an overwhelming 90 percent of Republican Michiganders back Trump while only 84 percent of Democrats support Biden. This poll report underscores an uncomfortable situation for Biden as he loses a significant 12 percent chunk of his vote to former President Trump.

ANC on SHAKY Ground: South Africa’s Opposition Parties Gaining Momentum

14 March 2024 — Recent polling data indicates a potential shift in South Africa’s political scene, the likes of which haven’t been seen since 1994. The ruling party, the African National Congress (ANC), has experienced a decline in support from 44% to 39% since November 2022.

On the other hand, the opposition Democratic Alliance (DA) has seen its share rise from 23% to a notable 27%. A newcomer on the scene, the MK Party, has made an impressive debut with a surprising 13%, while support for the radical Economic Freedom Fighters (EFF) party has dwindled to just 10%.

This changing landscape could potentially pave the way for DA to form a majority coalition with other parties excluding ANC and EFF. This tactic proved successful in Cape Town’s municipal elections back in 2006. Despite ANC’s historical appeal due to its instrumental role in ending apartheid, ongoing issues such as electricity and water shortages, high crime rates, and rampant corruption have strained voters’ loyalty.

The shifting political climate suggests that voters are seeking change and are willing to look beyond traditional party lines. This could lead to significant changes in South Africa’s political landscape moving forward.

TRUMP’S MAGA Wave Sparks Global Conservative Populist Triumphs

08 January 2024 — In a recent interview at Mar-a-Lago, Donald Trump stated that his MAGA-Trump movement is driving a global surge of conservative populist victories. He pointed to Argentina’s new president, Javier Milei, as an example. Milei reportedly thanked Trump for laying the groundwork with his policies. The former US president playfully suggested that Milei’s “Make Argentina Great Again” slogan could also be shortened to MAGA.

Trump’s 2016 triumph over Democrat Hillary Rodham Clinton was not a singular occurrence. It was preceded by significant wins for conservative populists worldwide, such as the Brexit referendum in the UK and Jimmy Morales’s victory in Guatemala’s presidential race. These successes helped ignite the movement that ultimately led to Trump’s ascendancy.

As we approach 2024, conservative populists are making further strides globally. Italy now boasts Giorgia Meloni as Prime Minister and Geert Wilders’ PVV party leads polls in Netherlands. With these victories and more expected throughout the year, it appears a global sweep for conservative populists is on the cards leading up to Trump’s anticipated rematch with Democrat President Joe Biden.

US STEEL Takeover: BLOCKING Japanese Buyout Could Save American Jobs

22 December 2023 — Nippon Steel, Japan’s leading steel company, is facing a storm of criticism over its planned $14 billion acquisition of U.S. Steel Corporation. The deal, unveiled on Monday, values U.S. Steel at $55 per share and has sparked immediate opposition, especially in the Rust Belt where U.S. Steel has been a cornerstone since 1901.

Despite U.S. Steel’s assurances that the merger would unite “two storied companies with rich histories,” lawmakers are demanding action. Senators J.D. Vance (R-OH), Josh Hawley (R-MO), and Marco Rubio (R-FL) have written to Treasury Secretary Janet Yellen urging the Committee on Foreign Investment in the United States (CFIUS) to halt the deal.

The senators contend that domestic steel production is vital for national security and needs careful scrutiny before permitting foreign investment. CFIUS, led by Yellen, holds the authority to stop such investments after a review process.

While experts predict CFIUS is more likely to block deals involving countries perceived as adversaries like Russia or China rather than allies like Japan, this situation highlights bipartisan worries about foreign control over crucial industries.

UK INFLATION TUMBLES to 39%: Central Bank May Slash Rates Sooner Than Predicted

21 December 2023 — The Office for National Statistics (ONS) recently announced a surprising drop in UK inflation to 3.9% in November, a decrease from the previous month’s 4.6%. This dip, larger than what financial markets had forecasted, marks the lowest inflation level since September 2021.

This decline is primarily attributed to falling fuel and food prices according to the ONS. However, despite this optimistic news, the Bank of England’s primary interest rate remains at a staggering high of 5.25%, not seen for over a decade and a half.

Governor Andrew Bailey hinted that this stringent interest rate policy might continue for some time. Yet Samuel Tombs, chief U.K economist at Pantheon Macroeconomics suggests an alternative view — that this sharp fall in inflation could trigger an earlier-than-expected cut in interest rates; perhaps as early as the first half of next year.

While elevated interest rates initially helped curb inflation sparked by supply chain disruptions and Russia’s invasion of Ukraine, they have also put pressure on consumer spending and slowed economic growth. As such there are growing worries that maintaining high rates could inflict unnecessary damage on the economy.

Bipartisan Committee CALLS for END of China’s Trade Status: A Potential Jolt to US Economy

12 December 2023 — A bipartisan committee, led by Rep. Mike Gallagher (R-WI) and Rep. Raja Krishnamoorthi (D-IL), has been studying the economic effects of China on the US for a year. The investigation centered on job market changes, manufacturing shifts, and national security concerns since China joined the World Trade Organization (WTO) in 2001.

The committee released a report this Tuesday recommending President Joe Biden’s administration and Congress to implement nearly 150 policies to counteract China’s economic influence. One significant suggestion is to cancel China’s permanent normal trade relations status (PNTR) with the U.S., a status endorsed by former President George W. Bush in 2001.

The report argues that granting PNTR to China did not bring anticipated benefits for the US or trigger expected reforms in China. It asserts that this has led to a loss of vital U.S. economic leverage and inflicted damage on U.S industry, workers, and manufacturers due to unfair trade practices.

The committee proposes shifting China into a new tariff category that reinstates U.S economic leverage while reducing dependence on Chinese

LABOUR PARTY Triumphs: Shocking Upset in Special Elections Reshapes UK Political Landscape

21 October 2023 — In a surprising turn of events, Britain’s Labour Party has managed to secure two Parliament seats previously dominated by the Conservatives. This unexpected victory took place in the special elections held in Tamworth and Mid-Bedfordshire, with a significant number of voters switching their loyalty to Labour.

This win strengthens Labour’s standing as the primary challenger for next year’s national election. It also piles pressure on Prime Minister Rishi Sunak to rejuvenate his party’s reputation. Keir Starmer, the leader of the Labour Party, proclaimed that his party is “redrawing the political map”.

The victories were marked by Sarah Edwards’ success in Tamworth and Alistair Strathern’s triumph in Mid-Bedfordshire, both overcoming substantial Conservative majorities from 2019. However, it should be noted that voter turnout was relatively low at 36% and 44% respectively. Additionally, these elections took place under unique circumstances due to resignations from former lawmakers.

UK Inflation DEFIES Predictions, STAYS at 67%: What’s Next for the Economy?

18 October 2023 — The UK’s inflation rate held steady at 6.7% in September, flying in the face of economists’ predictions for a slight decrease. The Office for National Statistics highlighted that while food and drink prices dipped, they were counterbalanced by an uptick in fuel costs.

This persistent inflation rate is more than triple the Bank of England’s target of 2%. Despite this, it is not expected that the bank will hike interest rates during its November policy meeting. Instead, it seems set to keep its main borrowing rate at a peak not seen in 15 years — a hefty 5.25%.

James Smith from the Resolution Foundation think tank offered his perspective on this economic puzzle: “For now, progress on reducing inflation has hit a roadblock.” He anticipates a significant drop to below 5% next month as energy prices are projected to fall for most consumers.

In response to price surges triggered by pandemic-induced supply chain disruptions and Russia’s invasion of Ukraine — both factors contributing heavily to increased food and energy costs — the Bank of England has been steadily cranking up interest rates from near zero levels.