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Yearly Archives :

2026

6/12: The Takeout with Major Garrett

6/12: The Takeout with Major Garrett 150 150 admin

President Trump says Israeli strike on Iran “could very well happen;” Mr. Trump’s push for greater use of the federal death penalty.
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Mike Waltz defends U.S. at UN: "We are not occupying a country"

Mike Waltz defends U.S. at UN: "We are not occupying a country" 150 150 admin

At an emergency U.N. meeting on Monday, U.N. ambassador Mike Waltz repeated the Trump administration’s argument​ that the air and ground assault was not an attack.
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Trump and House Republicans are meeting to talk about their election-year agenda

Trump and House Republicans are meeting to talk about their election-year agenda 150 150 admin

WASHINGTON (AP) — President Donald Trump will gather with House Republicans on Tuesday to ensure they’re aligned on their agenda at the start of a critical midterm election year that could alter the course of Trump’s final two years in office.

GOP lawmakers are hosting a daylong policy forum at the Kennedy Center, the performing arts venue on the other side of Washington from the Capitol. Its board, which is stacked with Trump loyalists, recently voted to rename it the Trump-Kennedy Center, though that move is being challenged in court.

The House GOP is convening as they launch their new year agenda, with health care issues in particular dogging the GOP heading into the midterm elections. Votes on extending expired health insurance subsidies are expected as soon as this week, and it’s unclear whether the president and the party will try to block its passage.

Trump and House Speaker Mike Johnson, R-La., are trying to corral Republican lawmakers at a time when GOP leaders have a thin majority in the chamber. Meanwhile, rank-and-file lawmakers have felt increasingly emboldened enough to buck Trump and the leadership’s wishes, such as on the release of the Jeffrey Epstein files.

With Rep. Marjorie Taylor Greene’s resignation taking effect at midnight Tuesday, Republican leaders now have a 219-213 majority in the House.

The meeting also comes after the Trump administration’s dramatic capture of Nicolás Maduro in Venezuela, which occurred after a monthslong U.S. campaign to pressure the now-deposed leader by building up American forces in the waters off South America and bombing boats alleged to have been carrying drugs.

The Maduro capture is reigniting the debate about Trump’s powers over Congress to authorize the campaign against Venezuela, though House Republican lawmakers have largely been supportive of the administration’s efforts there.

Among the topics likely to be discussed on Tuesday are promoting and implementing the GOP’s marquee tax-and-border legislation, as well as a broader affordability agenda and midterm politics, according to a Republican official involved in the planning of the meeting and granted anonymity to discuss it.

Republicans are also mulling a potential second tax bill that could be passed with just party-line votes while confronting the possibility of a potential partial government shutdown at the end of the month.

It is unclear why House Republicans chose the Kennedy Center venue for their off-campus session. House GOP meetings are generally held in the Capitol or a nearby site off-campus if they are discussing political matters. The speaker’s office did not respond to a request for further comment.

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AP Congressional Correspondent Lisa Mascaro contributed to this report.

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Asian stocks extend record rally while oil, dollar drift

Asian stocks extend record rally while oil, dollar drift 150 150 admin

By Kevin Buckland

TOKYO, Jan 6 (Reuters) – Asian stocks extended their record climb on Tuesday, taking the baton from Wall Street where gains for oil companies and financials helped the Dow Jones Industrial Average hit an all-time peak.

U.S. big oil got a boost from the country’s military raid at the weekend that captured Venezuelan President Nicolas Maduro. Crude oil eased back after rising $1 a barrel overnight as traders assessed the possible impact on crude flows from Venezuela, home to the world’s largest oil reserves.

Overall, however, the events had a limited effect on risk sentiment, with equities driven more by momentum and currencies focused on macroeconomic data.

The U.S. dollar was steady ahead of monthly jobs figures on Friday. It surged to a four-week top in the prior session only to give back all of its gains by the close, after a gauge of manufacturing activity slumped to a 14-month low.

Precious metals hovered not far from all-time highs, while copper set a record.

MSCI’s broadest index of Asia-Pacific shares climbed 0.4% to its highest-ever level, driven primarily by advances for Japanese stocks, with the Topix index jumping 1.3% to a record peak.

Hong Kong’s Hang Seng added 0.7%, mainland Chinese blue chips gained 0.3% and Australia’s stock benchmark rose 1%. South Korea’s KOSPI eased 0.4% from record-high levels reached on Monday.

U.S. S&P 500 futures tacked on 0.1% following a 0.6% rise in the cash index overnight. Chevron leapt more than 5%.

U.S. President Donald Trump said he would put Venezuela under temporary American control and that he could order another strike if the South American nation does not cooperate with U.S. efforts to open up its oil industry and stop drug trafficking. He also threatened military action in Colombia and Mexico.

Trump plans to meet with executives from U.S. oil companies later this week to discuss boosting Venezuelan oil production, Reuters reported, citing a person familiar with the matter.

Venezuela’s “relatively small economy … seems to have convinced investors that the global economy and financial markets are unlikely to be directly affected,” while ramping up the country’s oil production “will require years to come to fruition,” Yusuke Matsuo, senior market economist at Mizuho Securities, wrote in a client note.

“That said, geopolitical concerns seem likely to persist in 2026, and while risk assets remain solid performers, we think gold – considered a safe-haven asset – will also do well.”

Brent crude futures lost 19 cents to $61.57 a barrel in the latest session, while U.S. West Texas Intermediate crude eased 22 cents to $58.10.

Gold was flat at around $4,449 an ounce after a 2.7% climb on Monday. It sits less than $100 from its record peak last month at $4,548.92.

Copper prices rose to record highs in London and Shanghai as concerns about supplies intensified following a strike at a Chilean mine. U.S. Comex copper reached an all-time high on Monday.

The dollar was flat at 156.47 yen and also little changed at $1.1724 per euro. Sterling bought $1.3539.

The dollar index, which measures the currency against a basket of those three rivals and three more major peers, edged down 0.1% to 98.291. It popped as high as 98.861 on Monday for the first time since December 10.

The closely watched U.S. monthly employment report, due on Friday, will be key in shaping expectations for the outlook for monetary policy.

Traders currently expect two Federal Reserve interest rate cuts this year, showed LSEG calculations based on futures.

(Reporting by Kevin Buckland; Editing by Christopher Cushing)

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Mexico dismisses US military intervention despite Trump’s threats after Venezuela operation

Mexico dismisses US military intervention despite Trump’s threats after Venezuela operation 150 150 admin

MEXICO CITY (AP) — After the United States military intervention in Venezuela, the Mexican government and analysts discounted the likelihood of unilateral U.S. military action against Mexican drug cartels, despite threats from President Donald Trump.

Mexican President Claudia Sheinbaum’s administration has been complying with Washington’s demands and the economic ties between the two countries are vital, they say.

Nonetheless, many expect more such threats as a way to extract more concessions from Mexico. No one dares rule out completely an unexpected move by the U.S. president.

Sheinbaum downplayed the possibility of U.S. military action Monday. “I don’t see risks (of that),” she said. “There is coordination, there is collaboration with the United States government.”

“I don’t believe in (the possibility of) invasion, I don’t believe even that it’s something they are taking seriously,” she said. “Organized crime is not taken care with (foreign military) intervention.”

Here are some of the reasons:

Mexico has a radically different situation from that of Venezuela or other countries Washington is eying, like Cuba. First, Sheinbaum is a popular and legitimately elected president. Second, Mexico is the main commercial partner of the United States, a country where 40 million Mexicans live. Third, U.S. Secretary of State Marco Rubio “has recognized that there is high-level cooperation with Mexico,” said Martha Bárcena, former Mexican ambassador to the United States.

Trump and his collaborators have flirted with the idea of invading or attacking the cartels in Mexico since his election campaign, but in increasingly measured tones.

Sheinbaum has confirmed that the idea of U.S. military intervention in Mexico has been brought up repeatedly in her conversations with Trump, but said she has always rejected the offer. She sees it has a non-starter and insists that her relationship with Trump is one of mutual respect.

The threat though, similar to those about tariffs on Mexican imports — some carried out and others not — have been a “negotiation weapon” to get “commercial, diplomatic and political advantages,” said Mexican security analyst David Saucedo. Rubio and Trump “play good cop, bad cop,” with Trump threatening and Rubio smoothing over, he said.

Mexico is doing almost everything that Washington has requested since Trump began imposing tariffs, experts say. Sheinbaum’s administration became more aggressive toward the cartels than her predecessor. There have been more arrests, drug seizures and extraditions. Mexico has agreed to receive more deportees from other countries.

“Intervention, military action in Mexico would suspend that cooperation,” said Carlos Pérez Ricart, a political analyst at Mexico’s Center for Economic Research and Teaching (CIDE). That would be a great risk to the U.S. because it would be left without a partner to work with, he added.

Saucedo said that U.S. military action in Mexico would require money, logistics and risks, while “a comment, a post on social networks doesn’t cost anything” and has been very effective.

Analysts believe the threats will continue to be the Trump administration’s negotiation style, especially this year when the U.S.-Mexico-Canada free trade agreement (USMCA) is up for revision.

Saucedo said Trump could demand more access for U.S. security agencies, even if operations are presented publicly as coordinated and carried out by Mexico. He could also pressure Mexico for more high-profile captures or to stop exporting oil to Cuba, or threaten new tariffs.

“With the ongoing negotiations over punitive tariffs, the statutory revision of the USMCA and the delicate antidrug cooperation agenda, the Mexican government will have to be very meticulous in its position and statements,” Arturo Sarukhán, another former Mexican ambassador to the U.S. said. Rallying around Maduro “would cost Mexico dearly,” as could Mexico’s ongoing support of Cuba.

Bárcena, the diplomat, said that what Mexico still needs to address is political corruption tied to organized crime while still defending international law.

No one is willing to rule out U.S. military intervention even if the possibility is very slim.

“The United States does not function under rational logic,” Pérez Ricart, the analyst, said. “At this moment all possibilities are open, including those unimaginable a year ago.”

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6/9: The Takeout with Major Garrett

6/9: The Takeout with Major Garrett 150 150 admin

California sues the Trump administration over National Guard deployment; Tanks roll into Washington ahead of military parade.
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Lucid beats delivery estimates even as EV sales lag production growth

Lucid beats delivery estimates even as EV sales lag production growth 150 150 admin

Jan 5 (Reuters) – Electric vehicle maker Lucid Group on Monday reported fourth-quarter and 2025 deliveries that were slightly above expectations, as a good reception for the cheaper Gravity SUV helped it offset weaker demand due to the expiry of U.S. tax credits.

Lucid has been seeking to broaden its customer base as demand for high-priced EVs softens. In November, it launched the Gravity Touring SUV with a starting price of $79,900, significantly below the six-figure price tags that have defined much of its lineup.

Production more than doubled from the prior quarter, far outpacing delivery growth, highlighting challenges in converting output into sales.

The company also rolled out discounts and promotional offers on its luxury Air sedans in 2025 to entice consumers forced by high borrowing costs to cut back big-ticket purchases.

Last week, rival Tesla reported its second consecutive annual sales decline, ceding its position as the world’s largest EV maker to China’s BYD. Rivian also posted weaker-than-expected 2025 deliveries, underscoring pressure on demand for higher-priced electric vehicles.

Lucid delivered a record 5,345 vehicles in the fourth quarter, above analysts’ average estimate of 5,070 units, according to data from Visible Alpha. Deliveries rose 31% from the previous quarter, while production more than doubled to 8,412 vehicles.

For the full year, Lucid produced 18,378 vehicles, edging past analysts’ expectations of around 17,910 vehicles. Annual deliveries reached 15,841 vehicles, up 55% from 2024, the company said, also marginally higher than estimates.

The tally comes against a difficult backdrop for the EV industry. Demand has weakened following the September expiration of a $7,500 U.S. federal tax credit, with most EV makers reporting drops in sales after the incentive was scrapped.

Lucid said it will publish fourth-quarter results on February 24 after markets close.

(Reporting by Akash Sriram and Harshita Mary Varghese in Bengaluru; Editing by Sahal Muhammed)

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6/10: The Takeout with Major Garrett

6/10: The Takeout with Major Garrett 150 150 admin

Trump administration sends Marines, more National Guard troops to Los Angeles; 25-year-old American visits all 195 recognized countries.
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Latvia finds no link between ship and Baltic cable breach, probe goes on

Latvia finds no link between ship and Baltic cable breach, probe goes on 150 150 admin

By Nerijus Adomaitis and Essi Lehto

OSLO, Jan 5 (Reuters) – Latvian police have found no evidence linking a ship docked in the port of Liepaja to damage to an underwater telecoms cable running in the Baltic Sea from Latvia to Lithuania, but are investigating the incident further, authorities said on Monday.

The Baltic Sea region is on high alert after a string of power cable, telecom link and gas pipeline outages since Russia invaded Ukraine in 2022, and the NATO military alliance has boosted its presence with frigates, aircraft and naval drones.

The latest outage, of a cable belonging to Swedish fibre optics group Arelion, occurred on Friday near Liepaja. Investigators said on Sunday they had boarded a ship and initiated criminal proceedings, but did not name the vessel.

INSPECTED SHIP AND ANCHOR

The incident came four days after Finnish police seized a vessel en route from Russia to Israel on suspicion of sabotaging an Elisa telecoms cable running across the Gulf of Finland to Estonia by dragging its anchor.

Arelion, owner of the Latvia-Lithuania fibre link, said on Monday one of its cables linking Finland and Estonia was also damaged on December 31, confirming earlier reports, and that a cable from Estonia to Sweden stopped working on December 30.

“All three cables are fully severed,” an Arelion spokesperson said in an emailed statement, adding that each case was under investigation.

“We expect the first cable to be restored within a few days, and the remaining cables within the next one to two weeks.”

MarineTraffic vessel tracking data show four ships crossing the Lithuania-Latvia cable on their way to Liepaja port on January 2, when the latest incident occurred. Three of those ships remained in the port on Monday.

Latvian police said on Monday they had inspected a ship at Liepaja, including its anchor, as well as technical equipment and logs, and that the crew had voluntarily cooperated.

“At present, the information obtained in the criminal case does not indicate a connection of the specific ship with the damage to the optical cable,” a national police statement said.

(Reporting by Nerijus Adomaitis in Oslo, Essi Lehto in Helsinki and Anna Ringstrom in Stockholm; editing by Terje Solsvik and Mark Heinrich)

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Rep. Mario Díaz-Balart praises capture of Nicolás Maduro

Rep. Mario Díaz-Balart praises capture of Nicolás Maduro 150 150 admin

Rep. Mario Díaz-Balart, a Republican from Florida, has long pushed for removing Nicolás Maduro from power. He joined CBS News to discuss Maduro’s capture.
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