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Wall Street in the red: Trump Media shares fall after TV duel

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Wall Street in the red: Trump Media shares fall after TV duel

Wall Street is red
Trump Media shares fall after TV duel

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The televised duel between Biden and his Republican rival is also a topic of discussion on US stock exchanges. While Trump is more convincing to TV viewers than the current president, the same cannot be said for his company’s stocks. Overall, Wall Street closed lower.

US stock exchanges closed on sales at the end of the trading week. the Dow Jones index It closed down 0.1 percent at 39,123 points. Standard & Poor’s 500 It fell 0.4 percent during Nasdaq Composite Down 0.7 percent. There were a total of 1,625 (Thursday: 1,698) price winners and 1,199 (1,113) losers. 55 (81) titles closed unchanged.

Published economic data showed light and shadow. The Fed’s preferred price measure, the Personal Expenditure Price Index (PCE), rose 2.6 percent in May, in line with economists’ consensus expectations, after a 2.8 percent rise in April. Personal income, published in conjunction with the Personal Consumption Expenditures price index, rose slightly more than expected last month, while personal spending rose slightly less.

Trump Media Decline

Meanwhile, the mood of Chicago-area purchasing managers improved in June. The index rose to 47.4 points. In May, the index reached 35.4 points. Economists had expected a value of 40.0 points. In light of the already strong US economy, this has dashed hopes for interest rate cuts that had arisen due to lower inflation, the market was also told. Meanwhile, US consumer sentiment weakened in June.

The main topic of conversation was the presidential election campaign in the United States. In his first live television duel, President Joe Biden, according to public perception, did not make a good impression against his rival Donald Trump, who is usually seen as more business-friendly. Doubts are now growing within the Democratic Party about whether Biden is the appropriate candidate given his old age. Shares of the company founded by Donald Trump Trump media However, they closed with huge losses of 10.9 percent after they initially started trading at premiums.

Bond yields rise significantly – dollar little changed

In the US bond market Yields initially fell with the release of published economic data, but then rose again. The 10-year bond yield rose significantly by 10.5 basis points to 4.39 percent. In the Foreign exchange market The dollar was steady. The dollar index was barely changed.

the Oil prices It tends to be somewhat lighter after the previous day’s big increases. West Texas Intermediate crude fell 0.3 percent. Brent held steady on the previous day. The previous day, hopes of higher demand during the holiday season supported prices.

the gold price Give way moderately. The price of an ounce decreased slightly by 0.1% despite the rise in market interest rates. This means that the precious metal was largely able to maintain its significant gains from the previous day.

Nike buckle

Nike
Nike 75.37

Nike It came with a sales warning. The sporting goods manufacturer expects sales to decline by 10 percent in the current first quarter. In the just-ended fourth quarter, revenue actually contracted and missed expectations. Nike shares fell by 20 percent. Competitor course under the shield It decreased by 2.6 percent. Shares of a sports shoe retailer foot locker It decreased by 2.4 percent.

embracing decreased by 44 percent. The health care provider issued a disappointing forecast. Infinera Its price increased by 15.8 percent. Nokia will buy the network solutions provider for $2.3 billion, representing a significant increase from its previous share price.

You can find everything else about today’s stock market events here.

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Hurricane Beryl Heads Towards Jamaica

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Hurricane Beryl Heads Towards Jamaica

As of: July 3, 2024 at 1:09 AM

At least six people have been killed in the Caribbean as a result of Hurricane Beryl. Many homes and streets have been destroyed. The storm has been somewhat downgraded, but serious damage is still feared in Jamaica.

Hurricane Beryl has weakened slightly on its way through the Caribbean. As the US National Hurricane Center (NHC) announced, it has been downgraded to the second-highest Category 4. As a result, the hurricane, which has winds of up to 250 kilometers per hour, is now just below the Category 5 threshold.

The hurricane is now heading toward Jamaica, where severe damage is also feared. Tropical storm warnings are in effect for the Dominican Republic and Haiti. Jamaican Prime Minister Andrew Holness urged residents to stock up on drinking water and canned food ahead of Beryl’s expected passage.

A total of six deaths have been reported.

The hurricane had previously left a trail of destruction across the southeastern Caribbean. Beryl made landfall on the island of Carriacou, part of the tiny Caribbean nation of Grenada, on Monday. Footage shows roofs torn off as if they were made of cardboard. Palm trees were snapped like matchsticks and debris was sent flying into the air. “Within half an hour, Carriacou was flattened,” said Grenada’s Prime Minister Deacon Mitchell. Homes on the island were almost completely destroyed.

Grenada has reported three deaths so far, and two people have died in Venezuela. St. Vincent and the Grenadines mourns one death – Prime Minister Ralph Gonsalves said 90 percent of homes in the Union Islands have been damaged or destroyed. Power outages and blocked roads are making communication with particularly affected islands difficult.

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Beryl is the strongest hurricane in the Atlantic Ocean in July.

In less than 24 hours, Beryl had grown from a tropical storm to a Category 4 hurricane on Sunday and strengthened further after passing over Grenada. Previously, Hurricane Dennis became the first hurricane to become a Category 4 on July 8, 2005, wrote expert Michael Lowry on the X platform.

Beryl was the strongest hurricane on record in the Atlantic Ocean in July, writes Philip Klotzbach, a hurricane meteorologist at Colorado State University. One reason is the extremely warm seawater. “The current Caribbean ocean heat content is consistent with what we typically have in mid-September,” Klotzbach said. The most active phase of hurricane season is typically between mid-August and mid-October.

Climate change is making powerful storms like Beryl more likely. Tropical cyclones in the Atlantic and Caribbean are gaining strength at an accelerating rate as surface temperatures rise, according to a study published in October in the journal Scientific Reports. Because of warmer waters and the expected onset of La Niña, a cold-water phase in the Pacific Ocean, the U.S. National Weather Service (NOAA) is warning of a particularly strong Atlantic hurricane season this year.

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Serious riots against Syrian refugees in Türkiye

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Serious riots against Syrian refugees in Türkiye

As of: July 2, 2024 at 5:48 PM

Since the start of the Syrian civil war, Turkey has taken in more than three million refugees. Now there are serious riots against Syrians in Turkish cities – and anti-Turkish protests in Syria.

Carnage-like conditions prevailed Sunday evening in Kayseri, a conservative city of millions in central Anatolia. “We don’t want any more Syrians, we don’t want any more refugees,” protesters chanted. And it’s not just words: Many Syrian-owned shops, homes and cars were vandalized with rocks and clubs and, in at least one case, set on fire.

Although Kayseri is a stronghold of Turkish President Recep Tayyip Erdogan and his Justice and Development Party, the rioters are demanding Erdogan’s resignation. They hold him responsible for the large number of refugees in the country. They accuse the refugees of being the cause of the tense economic situation with rising prices and lack of living space.

Nearly 500 people were arrested.

The protests spread to several other cities on Monday, from Gaziantep on the Syrian border to the western city of Bursa. Police responded with water cannons and tear gas. The next day, Interior Minister Ali Yerlikaya said the number of rioters detained was about 500, many with criminal records.

There have been frequent riots against refugees in Turkey. Ahead of parliamentary and presidential elections last year, the umbrella organization of Syrian associations in Turkey complained of increased violence during the election campaign. Spokesman Mehmet Akter said at the time: ARD Studio Istanbul:

Yes, we see it very clearly. Unfortunately, it was the same in 2019. Before the local elections at that time, the Syrians were the issue of the election campaign. They were accused of all sorts of things, including in the media. After the elections in 2020 and 2021, we had no problems. All the discussions ended in no time.

A Syrian man is said to have harassed a girl.

There are no elections this time. The reason the mob is still roaming the streets is a message that has spread on social media: A Syrian man is said to have sexually harassed a seven-year-old Syrian girl. The man has since been arrested.

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But the violence did not end there. Instead, the tide has shifted: As a result of the riots in Turkey, there are now anti-Turkish protests in northern Syria. “Come on guys, come on, smash the cars!” In an online video that has been viewed nearly five million times in a short period of time, men attack Turkish trucks with paving stones, clubs and iron bars at the al-Bab border crossing. Windows are broken. “Come on, get out! Come on, go back to Turkey!” the men shout.

Speculation about meetings between Erdogan and Assad

In the eyes of the Turkish opposition, the background to the tensions is not the incident in Kayseri, or not only. There is speculation about a possible meeting between Turkish President Erdogan and Syrian President Bashar al-Assad. Both have been hostile to each other since the outbreak of the Syrian war.

The potential rapprochement worries Syrian refugees in Turkey, on the one hand, because they fear returning to Syria, and, on the other hand, pro-Turkish rebels in Syria, because they fear for their protection from Erdogan.

A Turkish truck caught fire at the Al-Bab border crossing.

Such a meeting could be arranged as early as this week by Russian President Vladimir Putin, Assad’s most important ally. Erdogan is expected to meet Putin on the sidelines of a Shanghai Cooperation Organization summit that begins Wednesday in Kazakhstan.

Christian Butkrit, ARD Istanbul, Tagesschau, July 2, 2024, 4:18 p.m.

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The former president is said to be showing signs of dementia.

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The former president is said to be showing signs of dementia.
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Biden’s mental state was criticised after the televised US election duel. Now similar concerns are being raised about Trump – is the former president suffering from dementia?

ATLANTA — The televised duel between U.S. President Joe Biden and Donald Trump was in many ways a disaster. Biden wowed viewers with occasional outbursts of anger. His opponent, on the other hand, told lie after lie in the best Trumpian fashion. The Chinese Global Times He even referred to the discussion as a „reality show.”

Criticism was directed primarily at Biden, whose behavior has been disqualified by some for a second term as US president. He himself tried to appease voters during a US election campaign appearance in November: “I know what’s right and what’s wrong. I know how to do this job, and I know how to get things done,” Biden said in North Carolina. Support is now coming from his own party: a former House speaker claims to have detected signs of dementia in Trump.

Ahead of 2024 US Elections – Pelosi Hints Trump Has Dementia Due to TV Duel

Nancy Pelosi, the San Francisco representative in the House of Representatives, responded: CNN Biden should not be judged on a “bad night.” “It was a good presidency and the American people should choose that,” Pelosi said.

Donald Trump is said to be showing signs of dementia. At least that’s what Nancy Pelosi thinks. © Steve Helper/dpa

One has to be fair in the debate about Biden’s mental state. “There are health experts who believe that Trump has dementia,” Pelosi said. It’s not that the Republican is simply lying, “he doesn’t know the truth.” Still, she can have discussions with Biden. “We’re testing Joe Biden up close. We know how well he knows the issues and how well he’s informed.”

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’Signs of Dementia’ – Psychologist Criticizes Trump’s Mental State

Pelosi isn’t the only one who has doubts about the former president’s mental state. Psychologist Harry Segal said in early April that Trump was showing “signs of early dementia.” When he made his diagnosis remotely, Segal didn’t mince his words on “The David Pakman Show.” “I see this cognitive decline as an additional threat to an already unpredictable, mentally challenged individual who should not be anywhere near the White House,” he said.

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Many colleagues agree with Segal’s opinion. How Focus on the Internet Hundreds of doctors have signed a petition saying Trump has a possible diagnosis of dementia. Forensic psychiatrist Elizabeth Zoffman said Trump’s behavior could be consistent with symptoms of frontotemporal dementia (FTD). Signs include tactlessness, irritability, and disinhibition. Zoffman strongly advises Trump to get himself tested. Because such a condition can get worse.

Trump Brags About Health Test – Former President Claims Mental Fitness Ahead of 2024 US Election

“They always show you the first thing first, for example a giraffe or a tiger or this or that – a whale,” she says. Washington Post Trump in New Hampshire in mid-January. Trump was supposed to recognize animal drawings as part of a mental health test. And since he passed the test with flying colors, the former president probably likes to brag about his cognitive abilities.

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But the test’s developer, Ziad Nasreddine, speaking shortly after Trump’s statement, noted that the test in question did not contain any whales. “I don’t think we have a version with a whale,” Nasreddine said. However, he acknowledged the possibility that Trump was simply listing examples.

However, the ability to remember animal shapes is not a good indicator of one’s fitness to be president of the United States, said cardiologist and professor of medicine and surgery Jonathan Reiner. “That’s a very low bar for someone who has the launch codes for a nuclear weapon in his pocket, and certainly not something to brag about,” he said. Washington Post.

Biden admits mistakes after failed TV duel against Trump: 'I understand the concern’

Whether Trump has dementia or not may not matter much to Biden’s critics. So the US president found himself in need of an explanation after the televised debate. “I understand the concern about the debate,” Biden said aloud. Independent At an event. „I get it. I didn’t have a great evening.”

It remains to be seen whether Biden can convince people of his abilities. After the televised debate, some in the Democratic Party are calling for Kamala Harris to run against Trump. According to the US intelligence community Newsweek According to a poll conducted by the Date for Progress think tank, the vice president is the first choice to succeed Biden with 39% of the total vote. (Nahi)

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