Sunday, June 13, 2021

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�� Axios Sneak Peek: Harris trip rekindles 2020 doubts

Posted: 13 Jun 2021 03:27 PM PDT

Plus: Reconciliation no Democratic panacea | Sunday, June 13, 2021
 
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Axios Sneak Peek
By Alayna Treene and Hans Nichols ·Jun 13, 2021

Welcome back to Sneak. President Biden is on to Brussels.

🗞️ Worthy of your time: Apple told former White House counsel Don McGahn the Justice Department subpoenaed information about him in February 2018, the New York Times reported. (subscription)

Smart Brevity™ count: 1,347 words ... 5 minutes. Edited by Glen Johnson.

 
 
1 big thing: Harris' trip problems rekindle 2020 campaign doubts
Vice President Kamala Harris is seen in a screenshot of her interview with NBC News anchor Lester Holt

Vice President Kamala Harris with anchor Lester Holt. Via NBC News

 

Vice President Kamala Harris' stumbles during her first foreign trip have rekindled the debate from her presidential campaign about whether she — and not her staff — is to blame, Axios' Sarah Mucha reports.

Why it matters: While Harris' only overture toward running for president in 2024 has been a trip to New Hampshire in April, the vice president is in a prime position to cast herself as the best choice for Democrats should President Biden not seek a second term.

  • Such international trips and her leadership of the migration and jobs portfolios given to her by Biden will let her showcase herself for the No. 1 slot in a future election.
  • The White House didn't offer comment but aides noted that Harris has done numerous interviews without problems and the exchange during her trip last week came after repeated questions on the same topic.

Between the lines: One factor that led Harris to become the first major Democrat to exit the 2020 race — despite a massive announcement rally — was that she surrounded herself with a staff that didn't always serve her well.

  • Now, as vice president, she has the latitude and stature to tap some of the country's best talent to work on her team.
  • Her trip to Guatemala and Mexico still garnered a flurry of negative headlines.
  • Most prominently, Harris stumbled on an easily anticipated question about the border during an interview with NBC News anchor Lester Holt, growing defensive. Even follow-ups with other reporters didn't go much better.

The intrigue: The vice president can be notoriously difficult to prep, multiple former aides told Axios.

  • Harris is "intensely intellectually curious," as one former aide put it, which often sends briefings into a "rabbit hole" on topics that may not necessarily be relevant to the appearance or interview at hand.
  • "If somebody doesn't knock it out of the park their first time, then they will always have a tough time," said one former aide.
  • Each spoke to Axios on the condition of anonymity to comment freely.

But, but, but: Harris was under an enormous amount of pressure on this trip. Not only was it her first visit abroad, but she is also the first female vice president and the first woman of color to be a heartbeat away from the presidency.

Between the lines: Harris also is in a tough spot managing two issues — immigration and voting rights, the latter of which she's reported to have chosen herself — that have little upside and huge downside.

🎧 Listen: Dan Primack of the Axios Re:Cap podcast interviews senior White House official Juan Gonzalez about the trip.

Keep reading.

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2. Reconciliation no sure-fire panacea for Democrats

Illustration: Sarah Grillo/Axios

 

If a bipartisan group of lawmakers fails to strike a deal on the infrastructure proposal it's negotiating with the White House, ramming through a package using the partisan reconciliation process isn't a guaranteed solution, Axios' Neal Rothschild and Alayna Treene write.

Why it matters: Getting 51 Democratic votes would be a long, uphill battle. And moderates within the party are balking at the cost of President Biden's spending — even as progressives openly lament that the "transformational" change they seek is slipping out of reach.

  • "An infrastructure package that goes light on climate and clean energy should not count on every Democratic vote," Sen. Martin Heinrich (D-N.M.) tweeted Wednesday.

Driving the news: Sens. Joe Manchin (D-W.Va.) and Kyrsten Sinema (D-Ariz.) have taken most of the heat for opposing parts of Biden's bill, but several other Democrats also are wary of certain provisions — most notably its steep, nearly $4 trillion price tag.

  • Sen. Jon Tester (D-Mont.) told Axios he hasn't decided on his "upper limit" on spending but said, "There's definitely room for negotiation."
  • "I think it's high," Sen. Angus King (I-Maine) told Axios. "But I'm not prepared to say where I want to change it."
  • "The price tag is very negotiable. We'll see what we do bipartisan and then we can adjust the price," Sen. Tim Kaine (D-Va.) said.

The intrigue: An intra-party dispute would create a whole new host of problems for Biden.

  • Rather than blaming Republicans if a package collapses, he'd be forced to haggle with members of his own party and accept some blame if they don't come on board.
  • Already, some Democratic senators are venting in the open.
  • Their vision of remaking America with a once-in-a-generation infrastructure, climate and social services package is colliding with the cold, hard reality of a razor-thin Senate majority and the divisions within their own party.

What they're saying: "Just a gentle, friendly reminder that the executive branch doesn't write the bills," Sen. Brian Schatz (D-Hawaii) tweeted.

  • Sen. Sheldon Whitehouse (D-R.I.) also sounded the alarm last week: "I'm now officially very anxious about climate legislation."

Keep reading.

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3. Police union PACs launch text attacks on The Squad
Three-fourths of The Squad are seen listening to testimony during a congressional hearing.

Reps. Alexandria Ocasio-Cortez (D-N.Y.) , Ayanna Pressley (D-Mass.) and Rashida Tlaib (D-Mich.), from left, listen during a congressional hearing. Photo: Chip Somodevilla/Getty Images

 

A national police union is spending hundreds of thousands of dollars attacking The Squad, records reviewed by Axios' Lachlan Markay show.

Why it matters: The $510,000 in spending by two PACs associated with the International Union of Police Associations is the largest independent political expenditure of the 2022 cycle to date. It appears geared less toward unseating any of the members and more toward raising money for the groups themselves.

What's happening: Both groups — Law Enforcement for a Safer America PAC and Honoring American Law Enforcement PAC — are affiliated with the International Union of Police Associations.

  • The Florida-based IUPA represents about 20,000 law enforcement professionals.
  • Together, the two PACs reported spending $127,500 attacking each of the four House Democrats in the progressive "Squad": Reps. Alexandria Ocasio Cortez of New York, Ilhan Omar of Minnesota, Ayanna Pressley of Massachusetts and Rashida Tlaib of Michigan.
  • That's more than any independent political group has reported, so far, on a single independent expenditure in a 2022 midterm race.
  • The actual content of the text messages was not immediately clear. Neither PAC responded to requests from Axios for comment.

Between the lines: None of the four members the PACs are targeting is particularly vulnerable, suggesting the goal of the expenditures is, at least, partly to raise more money for the PACs themselves.

  • The two PACs spent nearly $18 million during the 2020 cycle. But the vast majority went toward fundraising. They spent just over 5% on political activity, much of which appears to have also asked for additional donations.
  • The IUPA union also spends the vast majority of its money on fundraising, with very little going toward grants or union representation and organizing.
  • The union and its PACs have been scrutinized over allegedly misleading fundraising practices, frequently involving telemarketing calls.

The big picture: Ocasio-Cortez, Omar, Pressley and Tlaib are lightning rods for conservatives — and potent fundraising draws as a result.

  • Policing and public safety are at the forefront of the conservative political consciousness.
  • That can be lucrative for groups looking to rake in small-dollar donations from contributors not suspecting their money will be used largely to perpetuate an organization — rather than finance attacks or candidates against its opponents.
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A message from Tyson Foods

Tyson Foods targets net zero emissions by 2050
 
 

Tyson Foods aims to achieve net-zero emissions globally by 2050 – an expansion of the company's current science-based target of a 30% GHG emissions reduction by 2030.

The company will focus on key areas across its global operations, energy sources and supply chain to achieve. Learn more.

 
 
4. "Axios on HBO": Top nuclear watchdog talks Iran deal
IAEA Director-General Rafael Mariano Grossi is seen in an illustration.

IAEA Director-General Rafael Mariano Grossi. Photo: "Axios on HBO"

 

The head of the International Atomic Energy Agency tells Margaret Talev for "Axios on HBO" that it's "essential" to have a nuclear deal with Iran because otherwise "we are flying blind."

Driving the news: Director-General Rafael Mariano Grossi spoke at IAEA headquarters in Vienna, ahead of Iran's June 18 presidential election and a June 24 extension on negotiations seeking to restore curtailed surveillance of Iranian nuclear sites and salvage the 2015 deal.

  • The Biden administration wants to re-enter the deal but impose new restrictions. Iran, which has long insisted its nuclear program is peaceful, wants sanctions lifted without opening itself to broader limitations.

Flashback: Former President Trump pulled the U.S. out of the deal in 2018. Iran has since disclosed enriching uranium at levels that far exceed the deal's limits but technically fall below the 90% considered weapons-grade purity.

What they're saying: Asked whether he believes Iran has an active nuclear weapons program, Grossi responded: "No, there is no information indicating that at the moment."

  • But he raised concerns about Iran's stepped-up enrichment combined with the international community's reduced visibility in recent months.
  • "This is very serious," Grossi said. "When you enrich at 60%, you are very close. It's technically indistinguishable from weapon-grade material. So when you combine this with the fact that our inspection access is being curtailed, then I start to worry."

Keep reading.

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5. 🇬🇧 🇺🇸 Pic du jour
President Biden and first lady Jill Biden are seen greeting Queen Elizabeth II at Windsor Castle.

Photo: Chris Jackson/Pool/AFP via Getty Images

 

President Biden and first lady Jill Biden called on Queen Elizabeth II at Windsor Castle.

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A message from Tyson Foods

Tyson Foods targets net zero emissions by 2050
 
 

Tyson Foods aims to achieve net-zero emissions globally by 2050 – an expansion of the company's current science-based target of a 30% GHG emissions reduction by 2030.

The company will focus on key areas across its global operations, energy sources and supply chain to achieve. Learn more.

 

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Posted: 13 Jun 2021 03:05 PM PDT

 
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A WealthPress Publication

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The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed.  Please see our Terms and Conditions for more information.

Brought to you by WealthPress.

 

Want to never work a Monday for the rest of your life?

Posted: 13 Jun 2021 03:00 PM PDT

Is this you?
Want to never work a Monday for the rest of your life?

All while potentially shoveling gains into your account like 122%, 147%, 232% simultaneously?¹

Matt Warder
Fortune Research
¹Disclaimer: The profits and performance shown are not typical and do not guarantee future trade results.
 
A Fortune Research Publication
Disclaimer & Disclosures
The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.
 
                                                           

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I dare you…

Posted: 13 Jun 2021 02:51 PM PDT

 
There's a new loophole allowing traders to get in on Tuesday and cash out by Friday…

Week after week.

Past traders have not only been collecting weekly double-digit gains…

But also a consecutive Monday holiday.
Sounds too good to be true?

 
 
A WealthPress Publication
Disclaimer & Disclosures
The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed.  Please see our Terms and Conditions for more information.
 
 
                                                           

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This might be you next Monday…

Posted: 13 Jun 2021 02:16 PM PDT

Tired of working day in and day out?

Hoping to retire soon but you just don't have enough in the bank yet?

Tom Busby developed a plan to get you into retirement early…

And he's been making double-digits from the golf course.

Wishing his life was yours?


All the best,

WealthPress
 
Disclaimer & Disclosures
The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.
 
                                                           

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Your private URL to 72 of our best automated setups (for workshop attendees only!)

Posted: 13 Jun 2021 02:13 PM PDT

Most important sign in America! | 13 June

Posted: 13 Jun 2021 02:06 PM PDT

Get in front of winners...

Posted: 13 Jun 2021 02:04 PM PDT

over and over again…

Blinken echoes calls for China to cooperate in COVID-19 origins probe

Posted: 13 Jun 2021 02:00 PM PDT

Health experts warn the Delta variant could become the dominant strain in the U.S.

"This was an incredibly difficult period of time. But when we look at one another, the question is, did we do enough? Did we sacrifice even a little bit for the health and for the business and for others?"

- Andy Slavitt, former White House senior adviser for the COVID-19 response, on mistakes made during the pandemic


Welcome to the "Face the Nation" Five at Five newsletter. Scroll down for your five takeaways from today's broadcast of "Face the Nation" with Margaret Brennan on CBS.

Did someone forward you this? Sign-up at cbsnews.com/email.

1. Blinken says China "has to cooperate" with international probe into coronavirus origins

Antony Blinken

Secretary of State Antony Blinken said Sunday that China must cooperate with further investigations from the United States and the World Health Organization into the origins of COVID-19, with the world now "insisting" that Beijing do so. In an interview with "Face the Nation," Blinken said the main purpose of the examinations is to ensure proper policies and mechanisms can be put in place to prevent another pandemic from happening again or mitigate another outbreak.

What Blinken said: "China has to cooperate with that. Transparency, access for international experts, information sharing, that has to happen and, again, I think you're seeing countries come together to insist on that."

Why it matters: While the WHO issued a study in March on COVID-19's origins and found it is "extremely unlikely" the virus leaked from a lab in Wuhan, China, the Biden administration has raised concerns about the methodology and process for the examination, as well as China's involvement.

2. Collins pushes "targeted, responsible" bipartisan infrastructure deal

screen-shot-2021-06-13-at-10-46-15-am.png


Republican Senator Susan Collins of Maine advocated Sunday for a "targeted, responsible" infrastructure package with bipartisan backing as a group of senators attempts to broker a deal with the White House to rebuild the nation's roads, bridges and waterways.

What Collins said: "We have five Republicans and five Democrats who got together to hammer out the framework for a targeted, responsible infrastructure package. One way that it differs is that it includes provisions for resiliency, for strengthening the materials that we use to build our roads and bridges and to strengthen our electrical infrastructure. It includes some energy provisions that are important to the administration and to many of our members as well."

Why it matters: Discussions on an infrastructure bill between the White House and a group of Republican senators led by Senator Shelley Moore Capito broke down last week after the two sides failed to reach consensus on the scope of a plan and how to pay for it. But on Thursday, a group of senators composed of five Republicans and five Democrats that launched their own negotiations, of which Collins is a part, announced they reached a deal.

3. Slavitt faults Trump administration for "deadly sins" at start of pandemic

screen-shot-2021-06-13-at-11-07-35-am.png


Andy Slavitt, who until last week was President Biden's senior adviser for the COVID-19 response, said Sunday that the Trump administration committed three "deadly sins" in its handling of the coronavirus pandemic that cost American lives.

What Slavitt said: "I think that sort of the populist nature, being a populist during a pandemic is really not a great combination because you're going to have to make some tough decisions. You're going to have to make people unhappy. And I think Trump saw in his base a stirring of anti-mask characterizations and other things, and he played into those things because, I think it felt like a different route. And I think those three things were things that were, you know, cost us a lot of lives."

Why it matters: Slavitt, who has a new book on the U.S. coronavirus response, said there were both technical and political mistakes that worsened the pandemic's impact across the nation, such as the Centers for Disease Control and Prevention's lack of tests and a dearth of face masks, as well as a culture of denying science. But he said the American people also have to acknowledge the roles they played.

4. Gottlieb says Delta virus variant likely to become dominant U.S. strain

screen-shot-2021-05-02-at-11-08-37-am.png


Dr. Scott Gottlieb, the former commissioner of the Food and Drug Administration, said Sunday that a coronavirus strain known as the Delta variant is likely to become the dominant source of new infections in the U.S. and could lead to new outbreaks in the fall, with unvaccinated Americans being most at risk.

What Gottlieb said: "Right now, in the United States, it's about 10% of infections. It's doubling every two weeks. That doesn't mean that we're going to see a sharp uptick in infections, but it does mean that this is going to take over. And I think the risk is really to the fall that this could spike a new epidemic heading into the fall."

Why it matters: The Delta variant, also known as B.1.617.2, was first discovered in India and is one of three related strains. It has become infamous for its ability to outpace and replicate quicker than other variants in its lineage.

5. CBS News poll: Vaccinated or not, Americans venture out

8-comfortabletrend.png

As businesses reopen and Americans reemerge from pandemic life, they've got some requests for the venues they'd frequent and are still collectively exercising a bit of caution. They're largely comfortable gathering with friends at parties, taking road trips and going to restaurants, and harbor more mixed feelings about places that draw larger crowds and about plane flights. But as you've perhaps seen for yourself at an airport or watching a sports event lately, that comfort level is certainly up since earlier this spring, before most were vaccinated.

Most believe businesses that handle travel and crowds ought to be taking an array of safety measures and that employers can mandate vaccines for their workers.

In terms of who is out and about, vaccinated people tend to be comfortable, but non-vaccinated people -- of whom there are still many --are just as comfortable, if not more so, going out to public places than those who are vaccinated.

ICYMI: Watch our CBS News correspondents' latest reporting

U.S. cities are racing to reopen to full capacity, but officials warn the pandemic isn't over. CBS News senior national correspondent Mark Strassmann reports from Atlanta on cities lifting pandemic-era restrictions.

COVID-19 cases are surging in the global south as WHO warns that the Delta variant has reached at least 62 countries. CBS News senior foreign correspondent Liz Palmer reports from London on the global impact of the COVID-19 pandemic.

CONTEXT BEYOND SUNDAYS

Get more Face the Nation throughout the week at CBSNews.com, and follow the show on Facebook, Twitter, Instagram and YouTube.

Watch and listen to "Face the Nation" on the go: CBSN, SiriusXM POTUS, Apple Podcasts, Spotify and wherever you get your podcasts.

Credit cards could be bad for you… You’ve been warned.

Posted: 13 Jun 2021 01:47 PM PDT

America Is In Big Trouble

Posted: 13 Jun 2021 07:32 AM PDT

Why are stocks absolutely soaring right now…?

 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

If you cannot see images, please click here

Editor's Note: This ad is sent on behalf of InvestorPlace MEdia LLC at 1125 N. Charles Street, Baltimore, Maryland 21201. If you're not interested in this opportunity, please click here and remove yourself from these offers.

 
 
 

 

Dear Reader,

 

Something weird is going on.

Why are stocks absolutely soaring right now…?

Yet at the same time millions of Americans are outof work… Commercial bankruptcies are skyrocketing…
Not to mention, we are smack in the middle of the worst pandemic in 100 years…

If you are confused by all of this…

You are not alone. If you're worried about this situation and its implications for American society, I strongly urge you to listen to this message.

It's free to watch and by doing so I know you'll be ahead of everyone else struggling to understand what is really going on.

Click here to view it.

 



 

P.S. A new and critical event is about to take place in America's very near future. It will make the rich even richer, while financially devastating countless others…

And even further fan the flames of social protest. This event has major implications for anyone in – or thinking about getting into – the stock market. You'll want to click here to get the full details.







 

Trading involves risk. The information provided is NOT trading advice. Neither the Editors, the Publisher, nor any of their respective affiliates make any guarantee or other promise as to any results that may be obtained from the newsletter. Past performance is no guarantee of future performance. This recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability for any purchase or order made from any company or entity mentioned or recommended in this email.

The information provided is for educational purposes only. Please contact your financial advisor for specific financial advice tailored to your personal circumstances. Actual results may differ. Nothing here constitutes a recommendation respecting the particular security illustrated.


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What would YOU do with profits like these?

Posted: 13 Jun 2021 07:24 AM PDT

 
Imagine one morning, you woke up and cashed out with $22,415 in profits.

What would you do if you had to spend that money TODAY?

Pay off debt… Surprise your kid with a car… Go take your family on a vacation…

Thanks to a brand new discovery in the stock market, I've been able to help people all over the world…

And just look at what one of my best students sent me this week:

"A whopping 448% return on TEN. I cashed in winning positions this morning… for a life-enriching $22,415!!!" - Sherry M. ¹

The good news is, I've got new trades coming your way…

And I want to get them to you as soon as possible.


See you on the flip side,

Tom Busby

¹Disclaimer: The profits and performance shown are not typical and do not guarantee future trade results.
A WealthPress Publication
Disclaimer & Disclosures

The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed.  Please see our Terms and Conditions for more information.

Brought to you by WealthPress.
 
                                                           

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Amazon’s Jeff Bezos Betting Big on This New $30 Trillion Trend... | 13 June

Posted: 13 Jun 2021 07:06 AM PDT

Finance PhD: “We’re in the calm before the storm”

Posted: 13 Jun 2021 07:11 AM PDT

In just the past few weeks, a number of strange events have begun to play out in the financial markets...

 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

If you cannot see images, please click here

Editor's Note: Occasionally, an opportunity comes to our attention that we believe readers like you will find valuable. The message below from one of our partners is one we believe you should take a close look at.

 


A Storm is Coming


 










In just the past few weeks, a number of strange events have begun to play out in the financial markets...

With almost ZERO fanfare or media coverage.

Here's what we're seeing:

  • Goldman Sachs, JP Morgan, Morgan Stanley, and Bank of America ALL quietly changing their stock outlook for 2021...
  • An historically unprecedented anomaly in the options market...
  • And a brand-new COVID-19 statistic that I haven't seen published ANYWHERE in the mainstream media.

Separately, these events all seem totally disconnected...

But together, they represent the rare market signal that one Finance PhD has been waiting for since stocks bottomed in March 2020.

Dr. Steve Sjuggerud is one of the most widely-followed analysts in the world, with over 500,000 people relying on his market predictions.

And he just issued a brand-new warning for what's coming to the stock market in 2021.

He says:

This is the calm before the storm – something big is brewing in the financial markets...

And the decisions you make in the coming weeks could affect your wealth for the next decade.

Dr. Sjuggerud just teamed up with another big-name investor to get his new prediction into the hands of as many Americans as possible – before it's too late.

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Regards,

Allison Comotto
Senior Staff, Stansberry Research
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Dr. Ron Paul goes on record with currency issue

Posted: 13 Jun 2021 07:01 AM PDT

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Posted: 13 Jun 2021 07:03 AM PDT

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�� Axios AM: Picky, pricey workers

Posted: 13 Jun 2021 06:38 AM PDT

The price to sit next to Bezos | Sunday, June 13, 2021
 
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Presented By American Bankers Association
 
Axios AM
By Mike Allen ·Jun 13, 2021

Happy Sunday! Smart Brevity™ count: 1,241 words ... 4½ minutes. Edited by Fadel Allassan.

 
 
1 big thing: Workers get picky (and pricey)

Illustration: Aïda Amer/Axios

 

American workers have been losing power since 1980 — but now the tables are turning, Axios' Felix Salmon writes.

  • The lowest wage that workers without a college degree are willing to accept for a new job stands at a record $61,483 a year — a rise of $10,000 in just one year, according to a New York Fed labor market survey.
  • Why it matters: The 2010s gave us the gig economy and left millions of workers stranded seemingly on the precipice of financial ruin. The 2020s could be the decade when workers seize back power.
  • "[A]n entire generation of managers that came of age in an era of abundant workers is being forced to learn how to operate amid labor scarcity," Neil Irwin wrote in the N.Y. Times (subscription).

The big picture: The number of unfilled jobs continues to grow, the size of the workforce is stagnating and workers are flexing their muscles whether or not they have formal union representation.

  • A record 9.3 million jobs are open in America. The labor force stands at 161 million, about 3 million people fewer than it was pre-pandemic, and has had no growth since August.
  • Demographic realities mean that only increased immigration will be able to boost the number of working-age Americans in coming years.

What's happening: A booming stock market, along with the pandemic-fueled broadening of unemployment benefits, seems to have made enough workers rich enough that they can afford to be pickier.

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2. China hits back as summit counters "Belt and Road"
President Biden and France President Emmanuel Macron speak in Carbis Bay, Cornwall, England on Friday. Photo: Leon Neal/Getty Images

China today pointedly cautioned Group of Seven leaders, meeting in England, that the "days when global decisions were dictated by a small group of countries are long gone," Reuters reports.

President Biden and the G7 wealthy nations are offering developing countries a climate-focused infrastructure plan — Build Back Better World (B3W) — to counter Xi Jinping's multi-trillion-dollar Belt and Road.

  • The "green Belt and Road" would fund infrastructure projects to reduce carbon emissions, the Financial Times reports (subscription).

The White House said the plan is part of "strategic competition with China": "B3W will collectively catalyze hundreds of billions of dollars of infrastructure investment for low- and middle-income countries in the coming years."

  • Go deeper: White House fact sheet on the Build Back Better World (B3W) Partnership.
President Biden at the G7 in Cornwall, England, yesterday. Photo: Leon Neal/Getty Images
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3. 🥊 The new filibuster

Sen. Joe Manchin departs the Capitol on Thursday. Photo: Rod Lamkey/CNP/Sipa via Reuters

 

N.Y. Times columnist Ross Douthat proposes (subscription) an idea for Sen. Joe Manchin (D-W.Va.) to consider as a more appetizing option than abolishing the filibuster: weakening it by taking it from 60 votes to 55.

  • Douthat writes that the lower threshold "puts a lot of things that the West Virginia senator favors more in play — from the gun-control measure he hashed out with Pat Toomey in the Obama years to infrastructure spending and the Jan. 6 commission."
  • But it still poses "a strong impediment to ideological legislating."

The bottom line: "It adapts the filibuster in a reasonable way to our age of heightened polarization, maintaining protections for the minority," while once again making deals possible.

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A message from American Bankers Association

When COVID-19 hit her business, she leaned on a local bank
 
 
Lisa Williams, owner of Cap8 Doors and Hardware in Washington, D.C., leaned on National Capital Bank when COVID-19 hit, saying, "The importance of a trusted, local bank cannot be understated." Hers was one of more than 5.2 million businesses that received PPP loan assistance from a bank.
 
 
4. Winning bid to blast off with Bezos

This Blue Origin illustration shows the capsule the company plans to use to take tourists into space. Via AP

 

An auction for a ride into space next month alongside Jeff Bezos and his brother ended yesterday with a winning bid of $28 million, AP reports.

  • The Amazon founder's rocket company, Blue Origin, didn't disclose the winner's name following the live online auction.
  • The identity will be revealed in a couple weeks — closer to the brief up-and-down flight from West Texas on July 20, the 52nd anniversary of the moon landing by Neil Armstrong and Buzz Aldrin.

More than 7,500 people from 159 countries registered to bid.

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5. 🎬 Tonight on "Axios on HBO": U.N. ambassador previews Putin summit
Photo: "Axios on HBO"

On tonight's episode of "Axios on HBO" (6 p.m. ET, HBO and HBO Max), I sit down in the State Department's Treaty Room with Ambassador Linda Thomas-Greenfield, the U.S. ambassador to the U.N.

I asked: "Vladimir Putin has been basically taunting Washington in the lead-up to this trip [with his crackdown on critics]. ... What happens if that meeting's a failure? What if it's impossible to do the friendly smiles that you diplomats do?"

  • Ambassador Thomas-Greenfield replied: "I don't know that it will be a meeting of friendly smiles."
  • Watch a clip.

🎞️ Also tonight ... Margaret Talev talks nuclear power in Vienna with IAEA head Rafael Grossi ... Nicholas Johnston has "The Shipping News" from Denmark, with Maersk CEO Søren Skou ... and I mix it up with U.S. Chamber of Commerce president and CEO Suzanne Clark. See a clip.

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6. Collapse speeding for Antarctic ice shelf
Image: Ian Joughin et al./Science Advances

The Pine Island Glacier on the West Antarctic Ice Sheet is responsible for more than a quarter of Antarctica's contribution to global sea level rise over the past decades. Now, climate change is making it more vulnerable to rapid melting than thought, Axios' Andrew Freedman writes.

  • A study, published Friday in the journal Science Advances, uses satellite measurements and a computer model to find a 12%+ increase in the speed the glacier flowed into the sea from 2017 to 2020.

Threat level: The neighboring Thwaites Glacier is called the "doomsday glacier," due to the possibility that it may already be past a tipping point into a virtually unstoppable, runaway melt.

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7. Pulse named a national memorial
Visitors pay tribute in Orlando on Friday. Photo: John Raoux/AP

On the fifth anniversary of the killing of 49 people at Pulse — a gay nightclub in Orlando, now closed — President Biden announced, after passage by the House and Senate:

In the coming days, I will sign a bill designating Pulse Nightclub as a national memorial, enshrining in law what has been true since that terrible day five years ago: Pulse Nightclub is hallowed ground.

Remembrances were held around the world yesterday.

  • Members of the onePULSE Foundation, incorporated by the owners of the nightclub, said a memorial and museum are in the works.

Read Biden's statement.

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8. Pentagon Papers published 50 years ago today

On June 13, 1971, The New York Times began publishing the Pentagon Papers — a classified history of the Vietnam War, commissioned in 1967 by Defense Secretary Robert McNamara — showing a massive gap between what Washington officials said, and what they truly knew.

  • "The lies revealed in the papers were of a generational scale, and, for much of the American public, this grand deception seeded a suspicion of government that is even more widespread today," Elizabeth Becker writes in a Times special section. (Outside paywall.)

Read an oral history (subscription) of The Times' historic decision to publish, which led to a landmark Supreme Court decision.

  • 🗞️ Go deeper: Today's print New York Times has a 16-page special section, "The Pentagon Papers at 50." ... Online special section.
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9. 🐋 Whale tale called fishy

Questions are being raised about the lobsterman who claims he was in a whale's mouth — yesterday's bottom item in AM:

  • An emergency-room doctor at the Cape Cod hospital where the 57-year-old recovered — but who wasn't part of the team that treated the man — told the N.Y. Post that a person traumatized by such an encounter should expect more serious injuries, such as hearing loss.
  • Michael Packard was released "just hours after the incident, miraculously suffering only soft tissue damage," as the Post put it.
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10. "In the Heights" become a national event

Photo: Warner Bros.

 

"In the Heights" — the long-awaited film adaptation of Lin-Manuel Miranda's musical about life in Washington Heights, a Dominican neighborhood in New York — arrived at cinemas and on HBO Max, Marina E. Franco of Noticias Telemundo writes for Axios Latino.

  • The story includes Latino characters from different cultures, and shows their dreams, aspirations and love towards their barrio, without stereotyping them.
  • Miranda told NBC that the film gives the spotlight to "people who are in the margins of other people's stories so much of the time, in mainstream Hollywood or mainstream Broadway."

The big picture: "In the Heights" begins a string of productions that place Latinos front and center, raising hopes for a breakthrough for a group that's been historically underrepresented in films, AP reports.

  • Coming attractions include "Cinderella" with Cuban-American singer Camila Cabello, "The Hitman's Wife's Bodyguard" with Mexican star Salma Hayek and Steven Spielberg's revival of "West Side Story."

Sign up for our weekly Axios Latino newsletter, in collaboration with Noticias Telemundo.

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A message from American Bankers Association

Expanding access to America's banks
 
 
The way Americans bank may be evolving, but brick-and-mortar banking remains a vital part of many communities. With the average person living near 25 branch locations, and increasingly robust digital services for those who prefer to bank remotely, banking services are within reach of everyone.
 

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The 3 Best Moves in 2021 (For Maximum Gains)! | 13 June

Posted: 13 Jun 2021 06:30 AM PDT

Your Daily Career Horoscope Sun Jun 13

Posted: 13 Jun 2021 06:18 AM PDT

Today's energy is working in your favor. The success that you have been waiting for is at hand. The key to this has to do with having a more critical eye of your own work. Don't be afraid to condense and consolidate. The results will be phenomenal.
 
   
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Daily Horoscope
Sunday, June 13, 2021
 
  gemini  

Hi Pax,

Today's energy is working in your favor. The success that you have been waiting for is at hand. The key to this has to do with having a more critical eye of your own work. Don't be afraid to condense and consolidate. The results will be phenomenal.

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Your Daily Tarot Sun Jun 13

Posted: 13 Jun 2021 06:18 AM PDT

Today the Sun meets up with the Moon in the heavens of your emotions, and this celestial marriage is making you radiant and full of love! Your longings are being fulfilled, love is welcoming you with open arms, and your infectious love of life is creating an atmosphere of mutual bliss. You couldn't wish for better cards for a day full of love and fulfillment, dear friend. In the work sphere, the Sun is rising under the best of auspices. When paired with Justice, this solar influence provides you with determination and willpower that will allow you to climb the highest peaks. You're very much on the alert and you can really push through your ideas and your decisions. You're after something concrete and real, you want success, and you're making things happen. All this brings out the best in you, even though you might feel pooped by the evening.
 
 
Not displaying correctly? View in browser
Daily Horoscope
Sunday, June 13, 2021
 
 
   
 

Today the Sun meets up with the Moon in the heavens of your emotions, and this celestial marriage is making you radiant and full of love! Your longings are being fulfilled, love is welcoming you with open arms, and your infectious love of life is creating an atmosphere of mutual bliss. You couldn't wish for better cards for a day full of love and fulfillment, dear friend. In the work sphere, the Sun is rising under the best of auspices. When paired with Justice, this solar influence provides you with determination and willpower that will allow you to climb the highest peaks. You're very much on the alert and you can really push through your ideas and your decisions. You're after something concrete and real, you want success, and you're making things happen. All this brings out the best in you, even though you might feel pooped by the evening. Read More

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Your Daily Health Horoscope Sun Jun 13

Posted: 13 Jun 2021 06:16 AM PDT

It is only natural that you desire to do the right thing. However, it's not always easy to know what the right thing is! Today's planetary energy allows you to explore what is right for you. It's up to you to set the limits around what you eat; here are some guidelines to help you: The skeletal system and the skin, as well as hair, teeth, nails, the inner ear, and the knees are supported by nutrient-rich sea vegetables, like kelp. Try to become knowledgeable about the specifics of a healthy diet - it can be fun, too!
 
   
Not displaying correctly? View in browser
Daily Horoscope
Sunday, June 13, 2021
 
 
  gemini  

Hi Pax,

It is only natural that you desire to do the right thing. However, it's not always easy to know what the right thing is! Today's planetary energy allows you to explore what is right for you. It's up to you to set the limits around what you eat; here are some guidelines to help you: The skeletal system and the skin, as well as hair, teeth, nails, the inner ear, and the knees are supported by nutrient-rich sea vegetables, like kelp. Try to become knowledgeable about the specifics of a healthy diet - it can be fun, too!

Yesterday  |  Tomorrow

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Your Daily Love Horoscope Sun Jun 13

Posted: 13 Jun 2021 06:16 AM PDT

Whatever you do, you can't stay in and do nothing - not with today's planetary energy. You absolutely have to wear your best clothes and get out, even if it's for a little while. If you're able to socialize with others, you are guaranteed to have lots and lots of fun. You will also inevitably meet others who love to talk endlessly about all the secrets and mysteries of the universe, much as you do.
 
   
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Sunday, June 13, 2021
 
 
  gemini  

Hi Pax,

Whatever you do, you can't stay in and do nothing - not with today's planetary energy. You absolutely have to wear your best clothes and get out, even if it's for a little while. If you're able to socialize with others, you are guaranteed to have lots and lots of fun. You will also inevitably meet others who love to talk endlessly about all the secrets and mysteries of the universe, much as you do.

Yesterday  |  Tomorrow

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Pandemic Triggers New THREAT to America

Posted: 13 Jun 2021 06:11 AM PDT

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