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- Wake Up Right - August 5, 2024
Wake Up Right - August 5, 2024
Good morning, folks! If today’s newsletter looks wonky, that’s because I’ve migrated to a new e-mail platform and am still working out the kinks.
Full transparency: My old platform was unsubscribing Wake Up Right fam, who didn’t want to unsubscribe and would not let them re-subscribe once they were ‘bounced.’ Very annoying stuff.
I’m excited to be on this new platform. It’s going to let us deliver the news in fun, more interactive ways. More to come on that in the next few weeks…
🆚 2024 polling average: Trump 47.7%, Harris 46.9%
👤 Kamala Harris is expected to choose her VP today
❎ 3 in 10 trust Secret Service to protect the president
🗓️ Hunter Biden gun charge sentencing set for Nov. 13
🛐 71% credit God for humankind, 24% say God not involved
Sources: RCP, Politico, AP, Newsmax, Gallup
Economy flashes warning signs
“Bidenomics is working!” - Kamala Harris in 2023
An abysmal July jobs report triggered the largest market selloff since the COVID-19 pandemic, and economists fear the U.S. could be at the doorstep of the next major recession.
The details: On Friday, the Bureau of Labor Statistics reported that in July, the U.S. added just 114,000 jobs, well below the expectations of 175,000. Making matters worse, the unemployment rate jumped to 4.3% - the highest since October 2021.
As a result, the stock market took major losses on Friday, and premarket trading indicates the bleeding will continue today.
When markets closed Friday, the Nasdaq was down 2.4%, the S&P 500 was down 1.8%, and the Dow Jones Industrial was down 1.5%.
Pre-market trading suggests all three will crash harder when the market opens today. Currently [at 6:30 AM], Nasdaq is down -4.88%, S&P 500 is down -3.02%, and the Dow is down -1.99%.
The 'Magnificent 7' [the top performing tech stocks] are set to lose $1.5 trillion in value today.
Crypto markets also took a dive, with the price of Bitcoin dropping from $65,000 per coin on Friday morning to $51,000 today.
Overseas, the Japanese stock market crashed 12.4% on Monday, the worst sell-off since 1987.
Between a rock and a hard place: Many business leaders, including Elon Musk and Bill Ackman, are calling on the Federal Reserve to lower interest rates.
Typically, when the U.S. enters a recession, the Federal Reserve lowers interest rates to give the economy a jump start.
But due to inflation brought upon us by the Biden-Harris regime, if the Fed lowers interest rates, they risk making inflation worse.
The politics: The prospect of adding a recession on top of inflation to the Biden-Harris resume would not bode well for Kamala Harris in November.
An alternate view: Goldman Sachs believes this is a "healthy correction," not a crash.
Big picture: The Biden-Harris regime has been a day late and a dollar short on economics every step of the way. In 2021, while this newsletter was warning of inflation, Biden-Harris called it “transitory.” Now it looks like we’re headed for an emergency rate cut that will almost certainly lead us back to higher inflation. And who pays the price? You and me.
Kamala’s hubby admits to cheating on ex-wife with nanny
Kamala Harris' husband, Doug Emhoff, admitted to cheating on his ex-wife with the family babysitter, whom he got pregnant.
Back up: Emhoff married his first wife, Kerstin Mackin, in 1992. They had two children before they divorced in 2009. In 2014, he married Kamala Harris.
The bombshell: The Daily Mail learned that in 2009, Emhoff had an affair with Najen Naylor, a nanny who taught at the private school attended by the Emhoff children.
A "close friend with direct knowledge of the affair" told the Daily Mail that Emhoff got Naylor pregnant, but she did not keep the baby.
The admission: Emhoff issued a statement to CNN, saying: “During my first marriage, Kerstin and I went through some tough times on account of my actions. I took responsibility, and in the years since, we worked through things as a family and have come out stronger on the other side."
Hypocrite: Many have called the potential First Husband a hypocrite after this report, considering over the years he's repeatedly spoken out against what he calls "toxic masculinity.”
An interesting twist: The affair was disclosed to Joe Biden's 2020 vetting committee before he chose Harris as his VP.
Gossip: Hmm… This certainly makes you think twice about the time in 2023 when Emhoff kissed Jill Biden on the lips in public.
The politics: In her short campaign, Kamala Harris has eluded to the accusations of extramarital activities levied against Donald Trump. Being married to an admitted adulterer will make it harder for her to use that attack.
[Source: Daily Mail, NY Post]
🚨 The U.S. is boosting its forces in the Middle East in preparation for a possible Iranian attack against Israel. Read more.
💸 The Biden-Harris regime "accidentally" sent the Taliban terrorists at least $239 million in U.S. counterterrorism aid due to failed vetting procedures. Read more.
⛈ Hurricane Debby is expected to make landfall in Florida today after developing in the Gulf of Mexico. Read more. Be safe, Florida.
🇧🇪 Belgium withdrew from the mixed relay triathlon at the Paris Olympics after one of its athletes who previously swam in the Seine River fell ill. Read more.
⛽ Oil giant Chevron is moving its headquarters to Texas from California. Read more.
🩴 Kyle Rittenhouse apologized and reaffirmed support for Donald Trump after facing backlash for saying he'd write in Ron Paul in November. Read more.
🇨🇳 A Chinese national was arrested for attempting to enter Mar-a-Lago, claiming to have documents linking China to the assassination attempt on Trump. Read more.
↩️ Defense Secretary Lloyd Austin overrode the plea agreement offered to the mastermind of 9/11, which would have helped him skirt the death penalty. Read more.
📵 The Department of Justice filed a lawsuit against TikTok for collecting, using, or disclosing personal information from children under 13. Read more.
🪨 The U.S. Army wants its money back from Dwayne "The Rock" Johnson and his United Football League after it paid him $11 million to post five ads on his Instagram, of which only two were posted. Read more.
📧 Leaked FDA e-mails reveal the agency knew 'gender affirming' puberty blockers increased the risk of suicide as far back as 2017 but promoted them anyway. Read more.
🇧🇩 At least 70 died in clashes between security forces and protesters in Bangladesh, as leaders imposed a curfew and internet restrictions to quell unrest. Read more.
🎥 U.K. citizens have reached their breaking point, smashing through a migrant hotel after three children were stabbed to death by the son of Rwandan migrants. Watch.
🎥 Trump says Zuckerberg called him to apologize for META censoring his assassination picture. Watch.
🎥 Rep. Byron Donalds TRIGGERS liddle George Stephanopoulos live on air. Watch.
🎥 RFK Jr. tells Roseanne Barr about dumping a dead bear cub in NYC’s Central Park ten years ago. Watch.
🎥 JD Vance has the perfect response to Kamala Harris calling him “weird.” Watch.
🎥 Joe Rogan, at his new stand-up special, discusses Covid. Watch.
🎥 Black voters tell CNN Kamala Harris isn't Black. Watch.
🎥 The late, great Rush Limbaugh once called Kamala Harris Willie Brown's “mattress." Watch.
🎥 Trump pulled a local Atlanta artist on stage, and what happened next is hilarious. Watch.
🎥 A Bronx prosecutor resigned after being caught on camera trying to meet a 13-year-old boy. Watch.
🎥 Influencer has a message for women supporting Kamala Harris: "Use your brain, babe." Watch.
🎥 Nancy Pelosi thinks Biden belongs on Mount Rushmore. Watch.