DJIA goes straight down under AP Biden

[D2D]

Democrats are working hard to end America!

[D2D]

NPR Lays Off 100 Employees, Cancels Shows as Advertiser Revenue Declines!

In a move to preserve its very existence, National Public Radio cut four of its major podcasts and 10% of its workforce on Thursday, a major reduction not seen since 2008. 

The reasoning behind the decision seems to be a drop in ad revenue from the podcasts “Invisibilia,” “Louder Than a Riot,” “Everyone and Their Mom,” and “Rough Translation.”

“We literally are fighting to secure the future of NPR at this very moment by restructuring our cost structure. It‘’s that important. It’s existential,” NPR chief executive John Lansing stated in an interview.

The layoffs will affect employees who work behind the scenes to produce shows, podcasts, design visual elements, and conduct audience research. The layoffs are done to preserve NPR’s “core public service mission,” Lansing said. 

NPR is not the only media outlet to have significant layoffs. The Washington Post laid off 20 staffers in January, and CNN laid off hundreds of journalists and pundits. Other big media organizations such as Disney, Warner Bros. Discovery, Amazon, Google, Meta, and Vox Media have also experienced major job cuts in the past several months.   

“We’ve tried very hard to sustain the essential things that will keep us moving forward,” Anya Grundmann, NPR’s senior vice president of programming and audience development, said.


https://www.dailysignal.com/2023/03/24/npr-lays-off-100-employees-cancels-shows-as-advertiser-revenue-declines/

Bet they demand more taxpayer funding!

[D2D]

Social Security faces insolvency in 2033, a year sooner than previously expected!

Social Security, Medicare face long-term shortfalls that could lead to smaller payments!

The Social Security retirement fund could run out of money as soon as 2033, a year earlier than previously projected, according to a new government report released Friday.

"Social Security and Medicare are two bedrock programs that older American rely upon for their retirement security," Treasury Secretary Janet Yellen said in a statement. "The Biden-Harris Administration is committed to ensuring the long-term viability of these critical programs so that retirees can receive the hard-earned benefits they’re owed."

https://www.foxbusiness.com/economy/social-security-faces-insolvency-2033-year-sooner-previously-expected

The poor will be hardest hit!

[Dan]

Dollar-crashing, Christian victim-mocking, Ice cream-obsessed, assault weapon-lying, Anti-2nd amendment demagogue, Racist Investment-forcing, Suspicious transaction-flagged, woke bank bailing out, Drone collision-allowing, Pebble Mine-blocking, Tax-raising, Fentynyl victim-mocking, stupid white boy, Fiduciary-violating, Abortion Pill-promoting, Bootyjudge-protecting, upward-falling, Lynch-accusing, Chemical burn-ignoring, Ukraine-obligating, $12 balloon-popping, $400K missile-wasting, Stiff-walking, Social Security-threatening, Laughing stock, Non-transparent, Covid emergency-extending, Dead son-lying, War-escalating, Non-negotiating, No regrets, No there there, Happy Birthday, Val-???, F-15-taunting, race-baiting, Gas stove-banning, Corvette-hiding, Transportation disaster creating, Secret document-stealing, Puppet boy, Ukraine-pledging Dominic Giacoppa's son-in-law, Marriage-perverting, Russian terrorist-freeing, Chinese protest-ignoring, America-apologizing, Stuck on stupid, Morning lid, Threat to democracy, Social Security-lying, 54-State, Quintuple-vaxxed, yet twice Covid-infected, Gas price-lying, generic cereal-advocating, Press-mocking, Student Loan forgiveness-lying, Dozing off, genital-mutilating, Oil reserve-depleting, Let them eat ice cream, Saudi corruption dealing, Dead son-lying, House on fire, Two words, Armageddon, Bear Market, Stage-wandering, global-taxing, Taiwan bungling, Inflation-denying, Neo-Hitler, Demonizing, Gaslighting, Semi-Fascist, College student-bribing, Global warming scammer rewarding, FBI-weaponizing, Jacket-struggling, IRS-weaponizing, Border wall hypocrite, China-appeasing, Recession-causing, Pelosi-enriching, Interest rate exploding, Recession redefining, Oil-Cancer-ridden, Saudi fist-bumping, Holocaust honoring, 9.1% inflation, 29% approval, TOTUS-led, 10 year-old traveling to Indiana to terminate a PRESIDENCY, Emergency Strategic NPR oil selling to China, Abortion-loving, Oil executive fearing, Business-trashing, Training wheels, Innocent horse patrolman-punishing, Price controlling idiot, economic illiterate, Stock market crashing, 15-second amnesia, Chinese slave labor solar panel loving, Defense Production Act-abusing, 2nd amendment ignorant, Police-hindering, School tragedy-exploiting, Health Sovereignty-ceding, White supremacy imagining, Economy shrinking, baby formula diverting, MAGA-trashing, $5.2 million in un-laundered income, Ill-begotten, Carbon-free war machine, Title 42-confused, Easter Bunny-led, Bird poop attracting, Gun-grabbing, Obama-ignored, Parental rights opposing, Child abuse promoting, Walk back denying, Chemical weapons threatening, MIG-welching, wealth-confiscating, sanctions confused, Pedo-sniffer, Putin’s doormat, Dead dog moving, Wise guy, Anti freedom protest, Ignorant on mask efficacy, Ignorant on crime, Stupid SOB, triple speaking Google boy, Joe Crow two point oh, George Wallace-approved, Divisive, Global warming scamming, Warmongering, Obsessive-Compulsive face touching, Rittenhouse slandering, Angry finger shaking puppet, Royal flatulator, Poopy Pants, Empty suit, Freedom-mocking, Cornholio, Empty shelves, Story time, Anti-science, horse-hating, Prejudiced, Angry, Lawless, disgraced plagiarist, clueless, out of touch, inept, Terrorist-approved, Illegitimate, incompetent, racist, pedophile, cut-and-run, fake president "Butt Wipe" Whisper “Time Check”  Apartheid dictator, Afghanistan withdrawl-bungling, "Omni-cron" PINOOTUS is in the win column today in the DOW as White House insurgent.  That brings Creepy zero responsibility dementia Fuhrer Traitor Jabbin' Joe’s record to 282-264.

As Welsher62 says, "DOW 40K, here we come.

[D2D]

The next market trend could be 'bigger' than SVB, expert says!

PCE index shows consumer prices rose 0.3% month-over-month, 5% annually in February.

While the Federal Reserve’s favorite inflation gauge indicated signs of cooling in its latest report, market experts reacting to the data warned of looming volatility "bigger" than the Silicon Valley Bank (SVB) collapse.

"Two-hundred-seventy billion dollars’ worth of commercial real estate loans [are] coming up for renewal this year, 70% of that is held by smaller regional banks," former acting White House chief of staff Mick Mulvaney noted Friday on "Mornings with Maria." "You put that together, that's bigger altogether than SVB was."

"Everything's being micro-analyzed, but the [inflation] trend is importantly starting to go in the right direction. And absolutely, things will be tighter from what's happened with Silicon Valley here," Mendon Capital Advisors President and CIO Anton Schutz added to the panel.

Their comments come in reaction to the personal consumption expenditures (PCE) index showing that consumer prices rose 0.3% from the previous month and climbed 5% on an annual basis, according to the Bureau of Labor Statistics.

https://www.foxbusiness.com/economy/next-market-tren-bigger-svb-expert

[Jw2]

<a href="https://youtube.com/v/4s1bOATXDJA" target="_blank">https://youtube.com/v/4s1bOATXDJA</a>

[D2D]

Barclays Warns of ‘Second Wave’ of Deposit Outflows as ‘Sleepy’ Depositors Awake and Run for Exits!

After a month of uncertainty, Barclays warned that a “second wave” of deposit outflows is increasingly likely, a sign that the latest banking crisis is far from over.

The collapse of Silicon Valley Bank (SVB) and Signature Bank forced federal regulators to rush to backstop the banking system, which calmed market fears in the short term after many customers pulled billions out of their deposits.

Meanwhile, another wave of bank runs is expected to hit the system, as “sleepy” customers begin to wake up to the existence of higher interest rates available to them in money-market funds, according to Barclays strategist Joseph Abate.

“While market psychology is still fragile, our sense is that deposit outflows from small to large banks will fade as depositors recognize they can access and transfer their balances without any hitches,” Abate wrote.



https://www.theepochtimes.com/barclays-warns-of-second-wave-of-deposit-outflows-as-sleepy-depositors-awake-and-run-for-exits_5162842.html

Beijing Biden's first two years versus President Trump's:
 

Market	Trump Starting	Trump ending	Trump growth	Trump adj. infl.	Biden Starting	Biden Ending	Biden Growth	Biden Adj. Infl.
DOW	19,795.06-1/20/2017	24,706.35-1/18/2019	4,911.29 up 24.81%	22.21%	31,188.38-1/20/2021	33,375.49-1/20/2023	7.01%	-1.04
NASDAQ	5,556.87-1/20/2017	6,784.61-1/18/2019	1,227.74 up 22.09%	19.49%	13,457.25-1/20/2021	11,140.43-1/20/2023	-17.22%	-25.27
S&P	2,271.90-1/20/2017	2,670.71-1/18/2019	398.81 up 17.55%	14.95%	3,851.85-1/20/2021	3,972.61-1/20/2023	3.14%	-4.91

[D2D]

[Jw2]

President Joe Biden begins his third year in the Oval Office on Friday. For investors, his tenure so far has been marked by the worst performance since George W. Bush’s first two years in office. Biden, at least, has had a positive return.

The Dow Jones Industrial Average has gained 6% since the start of 2021, when Biden took office. In Bush’s first term, stocks dropped 19% from 2001 to 2003.

Of course, it’s hard to give presidents too much credit or blame for stock market performance. Bush was dealing with the fallout from the Sept. 11 attacks, as well as the tail end of the 2000 crash as the dot-com bubble burst. Biden happened to be in office just as inflation took off, exacerbated by Russia’s invasion of Ukraine, and the Federal Reserve raised interest rates at the most aggressive pace in a generation.

Since the start of the 20th century, stocks have risen 65% of the time in the first half of a president’s term, according to research by Dow Jones Market Data. The average increase is about 14%. Under Republican presidents, the index typically rises 68% of the time, while under Democrats it increases 60% of the time.

In terms of markets Biden’s first half is the worst for any Democratic president since Jimmy Carter from 1977 to 1979, when stocks fell 13%. The worst ever stock market performance in a president’s first two years was under Herbert Hoover during the Great Depression, when the index plunged more than 40%.

While stocks’ performance under Biden has been subpar, his record on economic growth is better. The economy expanded 5.7% in 2022 and is projected to have increased about 2% in 2022, though official figures aren’t out yet.

Biden’s next two years could be better, if they rebound from the steep drops of 2022. By contrast, the economy is set to get worse—many forecasters see a strong probability of at least a mild recession this year.

https://www.barrons.com/articles/president-biden-stock-market-performance-51674207179

[D2D]

I already proved that is a lie!

[Dan]

(fake) President Joe Biden begins his third year in the Oval Office on Friday.

[/HIGHLIGHT][/SIZE][/FONT]



Nope.  January 20th was when his third year as fake president began.

For investors, his tenure so far has been marked by the worst performance&nbsp;

[/HIGHLIGHT][/SIZE][/FONT]


Yep, pretty bad.

The Dow Jones Industrial Average has gained 6% since the start of 2021

[/B][/FONT]


Yep, Pathetic.

In Bush’s first term, stocks dropped 19% from 2001 to 2003

.[/HIGHLIGHT][/FONT]


Gee, what happened in 2001?


What’s Biden’s excuse?  We were coming out of the liberal lockdowns.  This economy SHOULD have boomed.  What happened?  How did BIden fuck this up (in Obama’s words) so bad?

[D2D]

Again, I proved you wrong!

The NASDAQ would have to go up 26% just to make up the losses created by Beijing Biden's criminally incompetent rule!