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~ Featuring ~
Who Was Helped By US Pulling 
Out Of Iran Deal? 
by Charles Payne 
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Trump’s ‘Most Wanted’ ISIS news given 
cold shoulder by media’s ‘big three,’ watchdog reports 
by Douglas Ernst 
{ washingtontimes.com } ~ President’s Trump’s announcement this week that five of the “Most Wanted” ISIS leaders were captured by U.S. and coalition forces... was greeted with a collective yawn by the “big three” news networks. The media watchdog News Busters documented the cold shoulder on Friday that Mr. Trump was given regarding the ever-tightening noose on ISIS leader Abu Bakr al-Baghdadi. A military operation that required months of planning between Iraqi allies and Syrian forces received 42 seconds of airtime by CBS Friday morning compared to zero coverage by ABC and NBC Thursday night. “ABC’s Good Morning America and NBC’s Today both completely skipped the setback for ISIS,” News Busters reported Friday. “In contrast, Today devoted 1 minute and 4 seconds to the Trump cabinet story. Peter Alexander hyped the report that ‘the President berated Homeland Security Secretary Kirsten Nielsen during a cabinet meeting, Wednesday, for her failure to adequately secure the nation’s borders.”...These networks are icky jerks.  https://www.washingtontimes.com/news/2018/may/11/donald-trumps-most... 
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Senators Light Fire Under McConnell: Make Congress Work Again
by ROBERT DONACHIE
{ dailycaller.com } ~ A group of 16 Republican senators are sending Senate Majority Leader Mitch McConnell a serious message Friday... It is time to work full weeks, confirm the president’s nominees and stop wasting precious time while Republicans hold both chambers of Congress and the White House. Sen. David Perdue of Georgia is leading the charge, calling on McConnell to realize there are only 67 working days left in the 2018 fiscal year, which ends Sept. 30. The coalition of Republican senators are urging McConnell to make the Senate work through Friday and on some weekends senators typically go home to their districts on Thursday afternoon and cancel the August recess — a request newer GOP senators and the president asked of leadership in 2017 in order to get action on repealing and replacing liar-nObamacare. Action is exactly what Perdue and his colleagues want. They want more time in session to confirm the president’s nominees. They want more time in session to get must-pass appropriations bills out of committee and onto the Senate floor for a vote. They are tired of the slow walking pace and don’t want to waste another day when they are in the majority...   http://dailycaller.com/2018/05/11/senators-light-fire-under-mcconne...
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Bill Hemmer To Chuck clown-Schumer: 
‘Is It That Hard’ To Credit Trump For Hostage Release?
by AMBER ATHEY
{ dailycaller.com } ~ Fox News’ Bill Hemmer snarked Senate Minority Leader Chuck clown-Schumer Friday... for refusing to celebrate the release of three American hostages from North Korea. clown-Schumer said in a floor speech on Thursday that the hostage release should be “expected” as opposed to “exalted.” Hemmer grilled Marjorie Clifton, a former liar-nObama aide, about the remarks during a Friday interview. “No great accomplishment?” Hemmer said with a laugh. “I don’t know, Marjorie, I think there’s a lot of folks that would disagree with that.”...   http://dailycaller.com/2018/05/11/hemmer-schumer-north-korea-hostag...
VIDEO at the site.
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Heather Nauert Smacks Cuomo 
For Suggesting US To Blame For Iran Missile Strikes
by AMBER ATHEY
{ dailycaller.com } ~ CNN’s Chris Cuomo suggested on Friday that the United States is to blame for Iran’s latest round of missile strikes on Israel... Cuomo asked State Department spokeswoman Heather Nauert during a Friday morning interview if she thought pulling out of the Iran Deal could have provoked Iran. “The Iran and Israeli situation… is there any concern that pulling the United States or threatening to pull it out of the Iran deal precipitated or helped provoke the actions that Israel is pointing out now in terms of missiles that were launched from Syria into the Golan heights?” Cuomo asked.  Nauert responded that it is “unbelievable” that people would try to blame the United States for Iran’s actions...   http://dailycaller.com/2018/05/11/heather-nauert-chris-cuomo-iran-m...
VIDEO at the site.
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We’re Not Joking: hanoi-Kerry’s 
School Lacrosse Captain Was Robert Mueller 
by CILLIAN ZEAL 
{ westernjournal.com } ~ If you’ve ever wanted to know what the phrase “drain the swamp” really means, well, here you go... Robert Mueller was apparently hanoi-John Kerry’s lacrosse captain in high school. And, wonder of wonders, it wasn’t at any old public school. No, Robert Swan Mueller III went to the exclusive St. Paul’s boarding school in Concord, New Hampshire, according to the U.K. Daily Mail. Annual cost of attendance per year in 2018? Sixty-thousand dollars. “Mueller, now 72, was part of the Missionary Society, a member of the Library Association and the vice president of the athletic association,” the Daily Mail noted. He was also the captain of the lacrosse team, as demonstrated in a photo that could practically be on the cover of a liberal textbook on white privilege were hanoi-Kerry and Mueller not liberal heroes...   https://www.westernjournal.com/ct/were-not-joking-kerrys-school-lac...
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Who Was Helped By US Pulling 
Out Of Iran Deal? 

by Charles Payne
{ finance.townhall.com } ~ On Wednesday, the tenure of the rally firmed up as market breadth continues to become decidedly more bullish. I like that new highs are surging, but advancing volume, almost doubled declining volume for the NYSE, and the NASDAQ also points to the emotional shift to the fear of missing the bounce.

Yesterday, it was the energy sector that got help initially from America pulling out of the Iranian nuclear deal and news of a massive decline in crude inventory. 

Bullish Signs

It’s the kind of market that you can root for because it’s exhibiting true grit and getting help beyond only those glamour technology names. There are several bullish signs seen during this 5-day stock market winning streak:

Inflection

Last Tuesday, the market arrested a late pullback to rally into the close that saw the Dow Jones Industrial Average finish the session 219 points higher than its intraday low point. Looking back, I’m beginning to wonder if that was an inflection point.

Historically, major turns in the market don’t happen with much fanfare. The market begins to trade higher even as fear remains omnipresent, all the while the market is marching higher. There are no longer huge swoons into the close.

Typically, the stealth rally engenders a broader investor confidence, and suddenly, the crowd yells “stock market rally!” 

Resolve

Last week saw the market an even more impressive intraday reversal each day into Friday.  Consequentially, we saw the formation of a reverse head-and-shoulders chart formation, which is more often than not very bullish.

In addition to its inflection and resolve, major indices are closing above trend lines in the process snapping the pattern of lower highs, which is a buy signal.

Boring

Over the past five trading sessions, technology has regained its swagger even if it’s been somewhat uneven. Apple (AAPL) has been the big mover in the sector, but semiconductors have lagged but came on strong yesterday - the hottest sectors after tech:

Industrials (+3.87%) powered yesterday by rails operating in the eastern portion of the United States.  Norfolk Southern (NSC) and CSX Corp (CSX) continue to see strong weekly carload gains.

Financials (+3.25%) have been led by non-bank companies such as MSCI Inc (MSCI) and Moody’s Corp (MCO), but money center banks seem poised to take off.

Materials (+2.82) have gotten a nice bounce from building material names; Vulcan (VMC) and Martin Marietta (MLM) and chemical makers; Eastman (EMN) and DuPont (DD).

Fear

The lack of fear in the market was underscored by the continued decline in the utility sector, and the plaguing CBOE Volatility (VIX) Index closed the session at its lowest point since February 1st.  

Today’s Session

Initial claims were unchanged for the week ending May 5, at 211,000.  A better gauge, the 4-week moving average, decreased by 5,500 to 216,600.  

Continuing claims increased by 30,000 to 1,790,000 and the 4-week moving average for continuing claims decreased 22,000 to 1,812,500, which is the lowest level for this average since December 29, 1973, when it was 1,784,250.  All the data continues to point to a tightening labor market.

The Bureau of Labor Statistics reported the Consumer Price Index (CPI) for April increased 0.2% compared to a decrease of 0.1% in March.  On a trailing twelve-month basis, the index rose 2.5%. 

Core CPI, ex food and energy, rose 0.1% for April compared to 0.2% in March.  On a twelve-month basis, the index rose 2.1%. 

Highlights of component percentage changes:

·         Food index increased 1.4%

·         Energy index rose 7.9%

·         New vehicles declined 1.6%

·         Used cars and trucks declined 0.9%

·         Apparel increased 0.8%

·         Transportation services rose 4.1%

·         Shelter increased 3.4%

·         Medical care services rose 2.2%

The numbers indicate inflation remains in check.  Transportation services have been on the rise and will have to be watched closely.

This new rally appears to have legs as the futures are pointing to another positive open.

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LIGHTER SIDE

ALERT ALERT

 After Years Of Stagnation Under Obama 
Household Income Hits 50-Year High

Image result for money

Former President Barack Obama got plenty of praise for shepherding us through the recovery from the 2008 economic crisis. However, those on Main Street, USA, knew the truth — things weren’t any better than they had been when George W. Bush left office.

As The Weekly Standard reported in 2016, median household income when Obama came into office in 2009 was $56,731. In 2015, six years into his presidency, that number was $56,516 — a decrease of just over $200.

By the time he left office, it’s true that media household income had risen to $59,471 — but that was essentially the same as it had been in December, 2007, at the end of the “Great Recession” and just a few weeks before Obama took office, when it was $59,549.

So, how’s The Donald doing?

Well, as Investor’s Business Daily reported, a new study from Sentier Research found that the median household income in April was $61,483 — a 50-year high.

That’s up from $59,471 in January of 2017.

The firm tracks income using census data and adjusts for inflation — so even a slightly weaker dollar doesn’t account for the increase.

Donald Trump Jr.   @DonaldJTrumpJr  

Bad News For Dems: Household Income Hits All-Time High Under Trump … And He's Getting Credit For It!!! 

Household Income Hits All-Time High Under Trump, And He's Getting Credit For It

A new report shows that the median household income has climbed 3% since President Trump took office. It's another sign of a strong economy, and at least one poll shows the public credits Trump for...

That’s great news for the country, but maybe not the best news for Democrats.

“This is just another indication that the economy has notably strengthened under Trump. And polls show that the public’s mood has brightened considerably as a result,” Investor’s Business Daily reported.

“The latest IBD/TIPP Economic Optimism Index is 53.6. This index has been in positive territory (anything over 50 is optimistic) since Trump took office. The Quality of Life Index, meanwhile, hit a 14-year high in May and the Financial Stress Index is at an all-time low.”

That economic data is followed by a lot of polls that seem to show that the “blue wave” expected in the November midterms breaking and rolling back into the sea.

A new Reuters poll found that a generic Republican would beat a generic Democrat by six points. Back in March, the Democrats were up by nine points. A CBS poll found that Democrats had a two-point advantage on the generic ballot — hardly “wave” material.

The CBS poll also found that 68 percent of Americans believed Trump’s policies deserved at least some of the credit for the economic situation, with 35 percent saying he deserved a “great deal” of the credit.

Sixty-four percent of respondents rated the economy as “somewhat good” or “very good.” In a CNN poll, 57 percent of voters said that “things are going well in the U.S.” In February, that was 49 percent.

Perhaps the most important figure: Under Obama, when Gallup asked whether it was a good time to find “a quality job in the U.S.,” the highest number that administration ever achieved was 45 percent. Under Trump, that number is 67 percent — the highest number in the 17-year history of the poll.

While Trump’s personal numbers haven’t seen the same bounce, they’re still up — and that’s the important thing. Thanks to the relentless campaign of personal attacks against him, Trump’s stated approval rating has always been a lot lower than it probably is.

Don’t believe me? Just ask Hillary Clinton. For all of the personal barbs and attacks, 2016 ultimately came down to the economy. So will 2018 — and that’s not good news for the Democrats.

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