The Schaftlein Report

1) European bank stocks are stabilize as Credit Suisse receives $54B commitment from the Swiss National Bank.   1A) The Federal Reserve meets next week.  The expectation is a 25 basis point increase then a pause.   1B) First Republic Bank in merger or takeover talks as the stock falls 25%.   1C) Secretary Yellen says the banking system is stable and deposits remain safe.   1D) 84% of Americans do...

1) Federal Reserve, Treasury and FDIC step up and back ALL deposits to avert further bank runs.   1A) Stocks are up after a severe fallout on Monday when bank stocks were routed over concern for their very survival.   2) Inflation rose by 6% in February down slightly from January's rise of 6.4%.   3) More layoffs in the technology sector as Meta, formerly known as Facebook, announces 10K pink slip...

1) A Florida Federal Judge strikes down a Biden policy of "Catch and Release" Administration claims there are not enough facilities to handle the flow.  We'll try policies to stop illegals from coming.   1A) Biden and his press secretary shrug off Fentanyl deaths and drugs continue to pour over the border.   1B) Republican Senators push for border wall construction to resume   2) Russia launches m...

1) Chairman Powell says Inflation is still too high and unemployment rates may go up to 4.5%.   1A) Sen. Elizabeth Warren goes off the rails in Senate testimony condemning the Federal Reserve's plan to fight inflation   2) Only 21% of U.S. households can afford homes currently listed for sale defined as 30% of median income for house payments. In 2021 that was 40%.   2A) Cost of housing is up 32%...

Guest - Jeffrey Dunetz   Headline - Senate Rebukes Biden ESG Investing rules   1) A Bi-partisan Senate approved a bill to kill ESG investing rules.  Biden Veto is likely.   2) Supreme Court to rule on Biden Student Loan Forgiveness likely in July. Legal doubts persist   3) In early polling, Trump leads DeSantis by 47% to 39% in Yahoo News/You gov poll.   3A) Emerson poll has Trump up by 20.   3B)...

1) Florida Governor Ron DeSantis while not indicating he is running checks all of the boxes that indicate as such.   1A) DeSantis signs bill revoking Disney's self governing power in Florida.  The Central Florida Tourism Oversight District is now in charge. Woke policies come back to haunt Disney   1B) Trump still leads in most polls while maintaining about 1/3 control of the Republican base   2)...

1)  According to recent polling, President Biden is gaining support among Democrats and left leaning Independents, while former President Trump support among Republicans and conservative Independents is falling.   2) Trump goes to Ohio train derailment prior to DOT Secretary Buttigieg who is now 2 weeks past the accident   3) Senator Tim Scott (R) South Carolina visits Iowa.  This looks like a pre...

1) Only 26% say the U.S. is going in the right direction   2) Biden's approval stays steady at 44% while 51% Disapprove   3) Migration continues from high tax and high crime states like CA, NJ and NY with state income tax rates of 13.3%, 10.75% and 8.82%   3A) They are moving to Florida, Texas and Tennessee with no state income tax.  Florida is BOOMING   3B) Utah Governor asks Californians not to...

1) Consumer Price Index increases 6.4% year over year while core CPI is up 5.6% Both of these figures are still too high and indicate higher interest rates for longer. Very slow progress bringing down inflation as food, housing and energy prices remain high. Interest rates spike. Markets fall.  2) Balloon fallout as White House provides little to no information. Intelligence community caught flat...

  1) Biden goes on the road and spells out blatant lies about Social Security and Republican policy   2) NH Governor Sununu positions himself for a Presidential run.  Others to follow?   3) Senator John Fetterman hospitalized in D.C.   4) House Republicans press Hunter and Jim Biden for business documents.   5) Half of all Americans say they are worse off then one year ago   6) Disney joins the ra...

Guest - Drew Allen   Headline    1) 4 in 10 Americans say they are Worse off financially   2) Biden's dismal poll numbers: 34% believe he is honest 31% feel he is competent 28% believe he can handle a crisis 28% believe he is mentally and physically competent to be President   2A) 58% of Democrats prefer someone other than Biden as their nominee       49% of Republicans prefer someone other than T...

  Federal Reserve Raises the Federal Funds Rate 25 Basis Points   1) The NASDAQ rallies huge up over 15% year to date   1A) Inflation still high.  Could we see disinflation?   1B) Biden floats idea of capping credit card late fees.  The earliest it could happen would be 2024 if at all.  Lots of obstacles.   2) McCarthy meets Biden and says they can reach common ground?   3) Direct TV censorship of...

Headline - Where is the Economy Prior to Fed Decision?   1) Consumer spending appears to be slowing as credit card usage on balances grows.   1A) The Federal Reserve is expected to raise interest rates by 25 basis points at the conclusion of their meeting tomorrow. Inflation has slowed to 5% year over year however the elevated prices show no signs of reversing.   1B) Exxon reports earnings of $55....

Guest - Tom Amenta   Headline - Economy Expands in Q-4 2022   1) Gross Domestic Product expands by 2.9% in Q-4.  First time unemployment claims fall below 190K.   1A) For the full year 2022, growth was 2.1%   2) Democrats at he White House are mad at Chevron for distributing profits to shareholders with Dividends and stock buy backs   3) Russia fumes as the west sends tanks to Ukraine.  Russia fir...

How many More Classified Documents Exist?   !) Biden is at it again.  Is there a cover up in the works?  64% of Americans are concerned   1A) Ron Klain leaving s Chief of Staff replaced by Jeff Zients   2) 3 Mass shooting in CA leave 19 dead and many wounded   3) Atlanta mayhem as radical environmental activists attack downtown buildings after member shot by police returning fire kill one of their...

  1) Biden appears clueless on Document scandal   2) Putin's status.  Has he withdrawn and become laconic - Jeffrey discusses the ramifications More advanced weapons to Ukraine.   3) Woke gone crazy - No aloha, hola or shalom?  National Hockey League Pride Night drives their fans away. USC - No more "fields"?   4) Microsoft to lay off 10,000 and Crypto firm Genesis to file for bankruptcy? Stocks f...

1) GOP wants visitor log at Biden Delaware home that does not exist   2) GOP House Representative Comer says Biden administration should make budget cuts now to avoid Debt Default   3) NYC Mayor Adams says NTC has no more room for illegal immigrants   3A) U.S. returns migrants to Cuba (6K so far last year) and Haiti.   4) High rise apartment building in Dnipro, Ukraine hit by missile and 40 dead i...

1) Consumer Price Index in line with expectations.  Gas fell 9% in December while food was up 12% year over year   2) Biden Declassified Documents - The left defends him, the opposite of Trump.  More documents found in his Delaware home.   3) Biden approval rises to 44% and Disapproval falls to 52%. Still upside down but improving.   4) Democratic Representatives Schiff, Omar and Swalwell removed...

1) McCarthy won on 15th ballot to become Speaker of the House   1A) Next step is voting on the rules   2) Biden visited the border in El Paso over the weekend.  Too little too late. He did not even have the decency to invite the Governor of Texas Greg Abbott who was forced to pen a letter to Biden.   2B) Florida Governor Ron DeSantis deploys the Florida National Guard as migrant come to the Keys ...

1) McCarthy Speaker - He loses 7th vote? 1A) Despite concessions, no deal in voting. 1 Member to call vote to oust speaker More Freedom Caucus members on Rules Committee Promised votes on term limits Leadership Pacs to stay out of Open primaries 1B) Republicans increasingly look incapable of governing. 2) Hamlin shows sign of improvement 3) Putin announces cease fire for 2 days and says territory...

1) McCarthy fails on 4th vote despite getting 90% of the vote 1A) Trump calls on Republicans to vote for McCarthy 1B) Chip Roy nominates Byron Donald as Dumpster Fire grows 2) Biden, McConnell and the Governors of Ky and Ohio meet for photo op for bridge construction between KY and Ohio celebrating infrastructure deal. 3) College murder suspect on the way back to Idaho to face 4 murder charges 4)...

1) Kevin McCarthy in battle for Speaker of the House - We support him! 1A) Freedom Caucus and other far right Republicans refuse to budge 1B) Fox News Brian Kilmead - "They are looking like idiots". - We agree 1C) McConnell becomes the longest serving leader in Senate history. 2) NFL Shocker as Demar Hamlin remains in critical condition following cardiac arrest on MNF. 2A) CPR performed for 6-8 mi...

1) Death toll up to 27 in Buffalo as massive blizzard swamps the city. 50 dead nationwide. 1A) Record cold and travel delays over the holidays. Southwest cancels 75% of flights yesterday. 2) Texas relocates 3 busloads of migrants to VP Harris residence. Liberals outraged. White House condemns 3) Ukraine launching attacks inside Russia. 3 killed at Russian base and 620 killed over the Christmas wee...

The Schaftlein Report | Merry Christmas and Happy Holidays to All Guest - Jeffrey Dunetz 1) Zelenskyy to speak to joint session of Congress 2) Senate moving to pass Omnibus $1.7T spending bill 3) Title 42 on temporary hold issued by Supreme Court. Biden reluctantly asks for extension short term 4) In 7 Blue states, (WA, MASS, NJ, Minn, Hawaii, Colo. Oregon and R.I.) unemployment insurance, medicai...

1) Title 42 Ends Wednesday. Mainstream Media finally reporting on the CRISIS. 1A) El Paso in crisis. City declares state of emergency 1B) Biden has tried to end Trump's Remain in Mexico Policy but a federal judge has said NO. 1C) Denver mayor declares state of emergency when only 650 illegals arrive. 2) Bankman - Fried agrees to waive extradition. Still in Bahamian jail. 2A) Prosecutors looking at...