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Stock futures rise, adding to Wednesday’s gains, as Congress confirms Biden election

Written on . Posted in PT Global Economy.

U.S. stock futures rose on Thursday as Congress confirmed the election of Joe Biden as president. Gains were muted following a sizable rally on Wednesday.

Dow Jones Industrial average futures added 72 points, or 0.2%. S&P 500 futures rose 0.4% and Nasdaq 100 futures gained 0.6%.

On Wednesday, the Dow climbed more than 400 points or 1.4% to close at a record as investors digested what a Democratic-held Congress would mean for stocks and largely looked past riots at the U.S. Capitol. The S&P 500 rose 0.57%, hitting an intraday all-time high during the session.

During Wednesday’s trading session, markets were seemingly unaffected by the chaos in Washington caused by pro-Trump rioters at the U.S. Capitol. Read More

BREAKING: Trump Concedes to Biden (We Think) After Congress Certifies the 2020 Election

Written on . Posted in PT World Order.

A joint session of Congress voted in the wee hours of Thursday morning to certify the Electoral College vote, ending President Trump’s bid to overturn the 2020 presidential election. After the session concluded, a tweet from a Trump staffer seemed to indicate that the president has conceded the election to Joe Biden.

Biden Election Certification: Live Updates - The New York Times

Objections to votes in states contested by Republicans were rejected by both the House and the Senate, creating a clear path to the final vote on certification, presided over by Vice President Pence. Several of the original Republican objectors announced, in the wake of Wednesday’s riots, that they would withdraw their objections.

After the House and Senate voted to end debate on the legitimacy of the Pennsylvania and Arizona elections, Pence gaveled in another joint session and went state by state to ascertain whether the certificates submitted were “regular in form and authentic.” Once that information was confirmed, the votes were counted and the state election results were certified.

When the votes had all been counted, Sen. Amy Klobuchar (D-Minn.) announced that the winners of the presidential election were “Joe Biden and Kamala Harris, according to the certificates given to us.”

Pence then announced the vote totals:

Joe Biden 306

Kamala Harris 306

Donald Trump 232

Mike Pence 232

After a benediction prayer, it was all over. Read More

One Person Shot After Protesters Storm Capitol; Trump Urges “Stay Peaceful”

Written on . Posted in PT World Order.

  • 100s of Pro-Trump protesters clashed with police after the president’s speech
  • A number of protesters breached security at The Capitol and are inside the building
  • The Capitol has been evacuated

https://youtu.be/vF2OTDQHxu0

  • VP Pence has been escorted from the Chamber to a secure location
  • 1000s are peacefully protesting outside’
  •  President Trump urges protesters (via Tweet) to “Stay peaceful”
  • Washington DC Mayor orders 6 pm citywide curfew
  • DoD refuses to call DC official for National Guard deployment
  • Federal Protective Service, Secret Service Deploying To Capitol

*  *  *

Update (1520ET): Within the past hour, President Trump has tweeted again, this time urging “everyone at the U.S. Capitol to remain peaceful.”

Trump continued: “No violence! Remember, WE are the Party of Law & Order – respect the Law and our great men and women in Blue. Thank you!”

Leftists Call For Radical Legislation After Warnock Projected Win: End Filibuster, Pack The Courts

Written on . Posted in PT World Order.

Democrats and leftists immediately called for radical legislative action to be taken to ram through the entire agenda of Democrat Joe Biden following Reverend Raphael Warnock’s projected victory over Sen. Kelly Loeffler (R) in Georgia’s runoff election.

Democrats have not yet officially gained control of the Senate because the other Georgia runoff race, Democrat Jon Ossoff vs. Sen. David Perdue (R), has not yet been called, although it is trending in a positive direction for Ossoff.

The Wall Street Journal Editorial Board warned last week that if Republicans lost control of the Senate it would effectively end the prospect of any meaningful oversight over Biden, including the scandal involving his son, who is under federal criminal investigation over his taxes and foreign business dealings. Having lost control of the Senate Committees, Republicans would also lose the ability to stop any of Biden’s nominees.

The Journal added:

Some of our friends think Democrats couldn’t blow up the 60-vote legislative filibuster rule with a mere 50 votes. Their confidence hangs on West Virginia’s Joe Manchin, who says he supports the filibuster. But imagine the political and media pressure on Mr. Manchin if Republicans use the filibuster to block Joe Biden’s agenda. He’s always been a loyal party man when it really matters.

If the filibuster stays, Mr. Biden will need to compromise to get GOP votes for an infrastructure bill, new ObamaCare subsidies or repealing Section 230 on tech liability. A public option on health care is probably out of reach, as would be much of his climate agenda.

But if the filibuster goes, so do bipartisan restraints

Read More

Stocks Surge On Expectations Dems Will Unleash Imminent Stimulus Tsunami

Written on . Posted in PT Global Economy.

After a brief slump overnight, stocks are surging, lead by reflation-friendly small caps which have hit another record, although with the Dow Jones now also at all time highs even the duration-sensitive Nasdaq is in the green.

While there is no catalyst to explain the reversal, one argument making the trading desk rounds is the realization that much more stimulus is coming, and very soon, as the following Bloomberg headline reveals:

  • DEMOCRATIC SEN. WYDEN EXPECTS EARLY VOTE ON MORE COVID RELIEF

How big are we talking? Well, with goalseeked narrative estimates coming in fast and furious – after all sellsiders need to reflexively justify their bullish outlook now that stocks are surging – the first ones we have seen this morning come from Goldman and Bank of America. Here is what the former expects, as highlighted earlier:

Chilling Audio Iran threat: a plane would be flown into the U.S. Capitol Wednesday the day of Biden’s win

Written on . Posted in PT Middle East.

A terrifying message threatening to fly a plane into the Capitol building to avenge the death of Iranian general Qassem Soleimani was broadcast on air traffic control frequencies on Monday afternoon.

  • A chilling message was heard by multiple air traffic controllers in New York on Monday afternoon, according to reports
  • It delivered a threat that suggested a plane would be flown into the U.S. Capitol Wednesday on the day that Congress confirms Joe Biden’s win
  • It was heard on the day after the one-year anniversary of the death of Qassem Soleimani and promised the Iranian general would be ‘avenged’

  • He was killed in a U.S. drone strike ordered by President Trump in January 2020
  • On Tuesday, Iran issued a second warrant for Trump’s arrest over the strike
  • The threat sent over air traffic controls on Monday is not thought to be credible although it is not yet clear who sent it
  • The FBI and FAA is investigating as a breach of aviation frequencies is a crime

Read More

The Great Sports Reset: The UN Plan to Use Athletics in Their Push to “Build Back Better”

Written on . Posted in PT Global Economy.

“Recovering Better: Sport for Development and Peace Reopening, Recovery and Resilience Post COVID-19” spells out the ways that the sports we watch and participate in can help to usher in the brave new world that Schwab and other prominent globalists wish to foist upon us, whether we like it or not.

Sprinkled throughout with globalist buzz words such as “sustainable,” “transformative,” and “inclusive,” the document lays out how sports can be “an ends and a means in the recovery from the impacts of COVID-19.”

“The multifaceted and unprecedented impacts of the COVID-19 pandemic have torn at the already fraying social fabric, deepening inequalities, sharpening divides and heralding a need for transformative change,” writes UN Secretary General António Guterres in the forward for the brief.

“The world of sport was among those sectors most visibly affected — both hard and early. Already a pioneer and promoter of inclusive and sustainable development in an unstable and unequal world, the sporting world must now redefine and redesign itself, not only to improve its resilience to future shocks, but to broaden its contribution to the world’s efforts to meet the Sustainable Development Goals,” wrote Guterres. Read More

Today, January 6, We Learn Whether our Constitution Will Hold

Written on . Posted in PT World Order.

January 6 is the day we learn whether our Constitution will hold and whether congressional Republicans care.

The 2020 presidential election was, in several targeted battleground states, an unconstitutional electoral exercise. Even putting aside evidence of significant fraud, virtually none of which received a hearing by our courts, events leading up to and including the November national election constituted a radical and grave departure from the federal electoral system adopted by the framers of the Constitution and the state ratification conventions. Now, let’s be clear: None of this matters to the Democrat Party, since it and its surrogates perpetrated these unconstitutional acts, as I shall soon explain. Nor does it matter to the media, which is utterly illiterate on the subject and unequivocally supports the supposed outcome in any event. But it should be of great moment and concern to the people of this country and especially to congressional Republicans in both Houses, for if the latter do not at least confront and challenge this lawlessness on January 6, when Congress meets to count the electors, it will be the GOP’s undoing and, simultaneously, the undoing of our presidential electoral system. Ultimately, it will be the people of the United States who love our republic who will be the losers.

Win, lose, or draw, on January 6, the Republicans must not act as if “the people have spoken” and be cowered into passivity or worse, such as joining the Democrat Party and media hecklers, by insisting that they are part of a lawless party seeking to “reverse the results of the election.”

Too many Republicans have already buckled, including the Senate Republican leader, Mitch McConnell, Sen. John Thune, and Rep. Adam Kinzinger. No doubt others who are unreliable and cowardly when facing the organized mob will follow. But let us not be judged by those who have intentionally and strategically manipulated our politics and the law to undermine our constitutional order.

It is they who must be condemned. Read More

US slaps Iran with fresh sanctions as Trump term nears its end

Written on . Posted in PT Middle East.

“The Trump Administration remains committed to denying revenue flowing to the Iranian regime as it continues to sponsor terrorist groups, support oppressive regimes, and seek weapons of mass destruction,” Treasury Secretary Steven Mnuchin says.

The United States on Tuesday blacklisted a Chinese company that makes elements for steel production, 12 Iranian steel and metals makers and three foreign-based sales agents of a major Iranian metals and mining holding company, seeking to deprive Iran of revenues as US President Donald Trump’s term winds down.

The United States on Tuesday blacklisted a Chinese company that makes elements for steel production, 12 Iranian steel and metals makers and three foreign-based sales agents of a major Iranian metals and mining holding company, seeking to deprive Iran of revenues as US President Donald Trump’s term winds down. Read More

U.S. stock futures mixed as traders await results from Georgia runoff elections

Written on . Posted in PT Global Economy.

U.S. stock futures were mixed early Wednesday as Wall Street kept an eye on two runoff elections in Georgia that will determine control of the Senate.

Dow Jones Industrial Average futures pointed to an opening gain of about 50 points, while Nasdaq 100 futures plunged and S&P futures traded slightly lower.

The benchmark 10-year Treasury note yield, meanwhile, reached 1% for the first time since March.