said for the year. absolutely, and a lot of the story since the market opened this morning, the dow jones currently down 800 points, about 2.7%. if it stays at that level, through the market close, in about an hour, that would be the lowest level that we ve seen the dow in 2022, and what has already been a brutal year for markets. and the big reason for all of this, have to rewind back to wednesday when the federal reserve, the nation s economic steward raised interest rates for the fifth consecutive time this year. that s to try to raise borrowing costs, to take some steam out of an overheating u.s. economy and which has led to the high inflation that we ve seen. the concern though, that the federal reserve is going to have to slow the economy too much, to get ahead of that high inflation. the fed chair jay powell saying earlier this week he s not sure if this process leads to a recession. that s why you have some on wall street calling for and projecting an increase in th
Week . Its not. Its only wednesday. Its 4 00 in new york. We have had two days of testimony in the first criminal trial of an american expresident. We have learned so much. We have heard extraordinary details of a conspiracy to interfere in a president ial election. The prosecutions first witness, former National Enquirer ceo david pecker painted a vivid picture of that explicit agreement between himself and the expresident , one of mutual benefit. Negative stories about donald trump are bought and buried and negative stories about trumps rivals were embellished or in some instances fabricated. Stories of women having affairs with trump were hidden. Fake stories with hillary clinton, ted cruz, marco rubio were written up and published. Photos were doctored, like this one, amounting to a phenomenon Andrew Weissmann referred to as ground zero of fake news. David pecker comes back for more tomorrow. Court is quiet today. It resumes today. He takes the stand tomorrow. Likely picking back u
Join us on your coffee break for thoughts on Bobby Witt Jr.'s extension, whether a similar deal would make sense for Royce Lewis, and the state of the AL Central, on today's gloomy yet reflective table setter.
Broadcasting from the basement of Kokomo’s Literacy Coalition, Power 104.9 WTSX founder and radio host John “Uncle Boogie” Grant streams to about 2.1 million people a day. An extra approximated
Photo Illustration by Luis G. Rendon/The Daily Beast/Reuters/GettyWelcome to Trail Mix, a fun but nutritious snack for your election news diet. See something interesting on the trail? Email me at jake.lahut@thedailybeast.com.This week, we follow the Ron DeSantis campaign spiral to an unexpected state. Plus, we preserved a pro-DeSantis’ influencer’s now-deleted tweet broadcasting approved talking points.With his presidential campaign laying off dozens of staffers, struggling in the polls, and alr